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I'm new to all this International Finance....
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I'm new to all this International Finance....
So, it is really confusing (for me at least) to read differing opinions on when (& what rate) this investment is going to POP!!!! All I can say, is that I didn't invest every last nickel I had saved into this. I still live within my means, and basically paycheck to paycheck. It's just hard for me to be the "HEAD" of the financial family at the tender age of 44, which includes my 2 kids, my older brother, and both of my parents. I did this on a whim, and my basic reasoning was this: I had a choice to buy an Ipad when they first came out (roughly $1,000.00) or to invest in this. My theory was, I'd more than likely destroy the Ipad, and lose the $1,000.00 or I could "POTENTIALLY" make a bit more than my original investment. What I don't understand (& have discussed this) with my boss, the man that got me to invest in this; is how can people be basing the still unknown rate, upon the GBP, if Iraq is backing this with unsold "billions" of gallons of oil, which are sold on the open market using the USD, not GBP???? Granted, I'd like it if it was based off of the GBP, but realistically; I just don't understand how people can base guesses on that. Some people invested everything they owned in this, and I think it is highly illogical to throw all these "assumed" rates based on the GBP, or the third moon of Saturn, in a galaxy that is 4 galaxies away from ours. It also, is not a very Christian thing to do, and with this being a highly Christian based website, I just think that anyone typing on this site, should think about what they want to convey to us (not international finance whizzes) before they start letting their fingers doing the typing get out of their control???
:?: :!: :rendeer: :cheers: :bball: :queen: :study: :flower:
:?: :!: :rendeer: :cheers: :bball: :queen: :study: :flower:
redheadedwitch- New Member
- Posts : 14
Join date : 2012-03-07
Re: I'm new to all this International Finance....
Here is my best advice to you... Based on your financial standing (that you stated as stable, so you are not in need of this to complete NOW) if I were in your spot I definately, today, shut off the sites and put the dinar away, forget about the entire thing. Wait! You will get a e-mail when this is complete. Since you are new let it all go! Don't get yourself tied up in the day to day rigamorole and relax back to your life. Enough here (and other sites as well) have seemingly tossed a good amount of time and a great portion of their exisiting life down the tubes. Dont fall into the trap. Set up the e-mail notifications and shut off the electronic device and we shall see you once this is over. ...rick152
Love each other and yourself
Love each other and yourself
rick152- VIP Member
- Posts : 2574
Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
Re: I'm new to all this International Finance....
>>>@ rick152..... Great advice, but that can't happen, when family keeps asking, "has it hit yet?" Or my coworkers (7) all look at me like I'm the financial guru of the company ( at least 4 of them think this way)......
redheadedwitch- New Member
- Posts : 14
Join date : 2012-03-07
Re: I'm new to all this International Finance....
Countries can "peg" to whatever currency or basket of currencies or other resource such as gold or silver. Iraq has not always been pegged to the USD and they may or may not continue to do so in the future. Who knows. Doesnt really matter to the regular person tho since you will exchange it for whatever the USD rate (or currency of your country) is. I say stop tryin to figure out the rate. If its more than a penny per dinar, you made out like a bandit for what you invested
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therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
Re: I'm new to all this International Finance....
Drat I put in a response and it got away so I will try again.... As far as you being your friends and family notice board. I would tell them to sign up for themselves...You can say (if you like ) that rick152 said it is OK for you to not be here finding out everything they want to know. Besides it can be a lot of work and very time consuming. So Blame me I will take the punishment for you. LOL ...rick152
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Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
rick152- VIP Member
- Posts : 2574
Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
Re: I'm new to all this International Finance....
Take ricks advice and get on with living, and when someone asks you about it, just say, "Soon"
Last edited by 1alaskan on Tue Mar 20, 2012 10:20 pm; edited 1 time in total (Reason for editing : typo)
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Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant
Yesterday would have been better, but today is a good day
Remember as always, JMHO
Rantings from just north of sixty
1alaskan- Elite Member
- Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away
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