If you had a collection of art worth $1,000 in your possession, and you believed it would be worth $3,000,0000 some time this year, would you sell any of it today at today's price?
I wouldn't.
But if I thought it would always be worth only $1,000, I would be happy to sell it.
That's what Dinar Daddy, Dinar Trade and Dinar Banker are doing. They want to sell you some Dinars today at today's price.
That's how I know they know. It's Greed 101.
But let's work it out by the numbers.
If you look at the videos on the Dinar Banker website, you see the guy in charge talking with a mountain of Dinars behind him. Why would he sell a million Dinars for $1,000 if he could just wait a while and sell the same million Dinar for $3,000,000?
Why would he even bother to run his business if he knew he would shortly be a multi-billionaire?
The answer is, he's making his money be selling Dinar at his 10-20% markup. He knows there will never be an "RV" (Revaluation) of any reasonable factor, so it's easy money selling Iraqi Dinars to millionaire-hopefuls all day long, then buying them back at a steep discount when those same people wake up to reality months or years later.
Wave after wave of Dinar RV hopefuls rush to the sellers with their money. It is the classic signature of an irrational believe that grips people badly in need of some hope in their lives.
The RV will never happen. If you are in possession of Iraqi Dinar today, you'll be lucky to even get your original purchase price back.
Whenever I try to draw Iraqi Dinar owners to the facts surrounding this issue, I get verbally attacked the way religious people get all aggressive when you suggest their religion is "Santa for Grownups" or something. And when people get all defensive with me like that, I know they already know the truth. Deep down.
It reminds me of how religious fundamentalists froth at the mouth when someone challenges their faith-based religion. Go to any of the bulletin boards or online forums that talk about the imminent Iraqi Dinar RV. They'll shoot you down like your are the very incarnation of Satan. Not the response of folks who have facts to back up what they say.
Watch these two short videos on the subject. Decide for yourself what the credibility of the speaker is. Do your own research. Don't rely on the word of anyone who is selling you Dinars.
Leonard you are the scam artist...all of the companies you have mentioned are controlled by the US Treasury...so you are saying that the US Treasury is running a scam on it's own citizens???
ReplyDeleteWhat brokerage firm do you work for and how many smart people have invested in this instead of letting you lose money for them??? You have nothing to back up any of your previous posts either..go back to your hole where you came from...
Allbut6, the companies I mentioned are NOT controlled by the US Treasury. That is a myth. Even a cursory examination of them can determine that. Or, go call the Us Department of Treasury and ask them.
ReplyDeleteDinar Banker, Dinar Trade and Dinar Daddy are independent organizations. They are playing on your deepest desire to enrich yourself. A whole industry has sprung up around this wishful thinking. And it is SO EASY To determine that is it a scam.
These three companies just take their 20% profit from selling people Dinar, and buy them back at a steep discount. What a brilliant way to make money.
The whole Dinar scam is like a religion. They get angry when anyone challenges their assumptions, just like you got angry and asked me to "get back into my hole". Does that sound like the words of someone who has done their homework, or someone who is drinking the coolaid?
But go ahead and hold onto your Iraqi Dinar if you wish. And when you get filthy rich, you can come back here and gloat. I promise, I will eat my hat if you make big money out of your Dinars.
Why do you think a 10 or 20 % profit on sales equals a scam? Do you understand there are ALWAYS Bid and Ask (Buy and Sell) prices on "legitimate" financial instruments such as stocks and mutual funds and CURRENCY! You can never buy anything and sell for the same price. Do you have any grasp of finacial markets at all, much less capitalism? Also the dealers must purchase the Dinar and have it shipped from Iraq as that currency is not printed here. Do you think that is free? Iraqi Dinar is real CURRENCY, not a scam. A scam would entail something that is not real and/or has no value. If investors needed to sell their Dinar they can, and depending on the market price at the time they may get what they paid, they may only get 90% back but have you ever bought stock and then sold it right away?? You will lose the "spread". Go look up what that means if you don't understand the concept. Now, whether or not the IQD will revalue (as outlined by the US govts plans for reconstruction of Iraq and its economy) and at what rate is speculation. Again not SCAM, SPECULATION. Our economy, financial markets, INSURANCE industry, on and on all are speculation....GROW UP and do your research!
ReplyDeleteTechnically yes the us treasury/wells fargo are scamming the americans not u.s. citizens but Americans by allowing this crap to happen. They turned a blind eye bc think of all the tax money they are making off these dinar sites as well as the people who buy them. Hopefully there's a stop to this in the future. Shame on the americans who voted for a corrupt government that allows this treason, treachery, tyrrany to happen to the innocent folks who are trying to make it in this ugly world..
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ReplyDeleteYou "Say" it is a scam, but show ZERO proof...you say "watch You Tubes" and make our minds up...How about you..YOU..show the PROOF POSITIVE, IT IS THE SCAM YOU SAY IT IS...Prove it...convince me with facts you say you possess.....As it is right now, you are the "Coolaide" and "Religeon"...Trust me, with no actual facts to back up what I say...Right now, the way you present this "I am positive" horseshit?...Doesn't convince me of anydamnthing...SHOW me YOUR Proof...HERE, I am paying attention and receptive...I also bet you DO NOT DO SO....Phil Emerson
ReplyDeleteShow us proof that this is not a SCAM>
DeleteLeonard, before you eat your hat, put some salt on it!You obviously are close minded and have looked many gift horses in the mouth. DON'T profess something a scam, when you apparantly are un-informed,and un-educated on this subject.Your so-called expert is a moron, and who are you to ridicule people for their deepest desire to enrich themselves, however that may be.I suggest you leave religion out of your comments, as religion has no place in this forum when investing in ones future,is the topic, however alien that may be to you
ReplyDeleteAnd you are gullible. Believe everything that is put in your direction
DeleteDear Goateeman -
ReplyDeleteactually, I am very well informed on the subject, am open minded and know what I am talking about.
My expert may be a moron. You could be right about that. I've never met him, so I don't know. I DO know, though, that he is a recognized expert in his field.
Look, by all means, stock up on Iraqi Dinar. Knock your self out. I'm happy about your desire to enrich yourself. It doesn't really matter. What matters is, whether this thing is a scam or not.
And it is a scam.
It preys on people who aren't looking too closely at the facts, but instead, convince themselves it's going to make them rich.
Brilliant, really!
Leonard- a voice of reason crying out in the wilderness. In 2005 I was introduced to the IQD. By 2006 I had some credible evidence from DC circles that there was a possibility of making a profit on the IQD. In the spring of 2008 I was convinced that there was a real possibility of an increase in the value of the IQD. I also had conversations with well placed folks concerning what some would call the 'petro dinar'. The fall of 2008 came, Obama took office, the M2 of the IQD tripled, Malaki didn't/doesn't play well with others and is aligned with the Iranians, Syria imploded, the country became increasingly unstable. In January of 2009 I was told there was a better chance of the Easter Bunny materializing than the IQD 'RV-ing'. Today, sadly, many of those left holding IQD are mired in false hope, deluded dreams of riches; some waiting for the 'mother ship' of collective conscience; prosperity packages?; NESERA and the GCR???? The time and effort is robbing them of the most precious resource we have- time. (Just like this 'blog' is doing to me- LOL. Anyway- thanks for your efforts. You speak the truth. By the way- I had 128,000,000 in 2006. Today I have 900,000 on the corner of my desk to remind me to get back to work and quit believing in a sack of magic beans.
ReplyDeleteThanks, Leonard, for backing up what I'd already sensed. One of my single, retired woman friends at church is going through financial difficulties, trying to exist on Social Security. Somehow, she got mixed up in the dinar scam. It's all hush-hush, of course, so one can never get the truth without looking for complaints. From the goodness of her heart, she gave me a 5000-dinar note that she says is about to be converted and will end all our financial worries. But she told me that in 2011. And has reminded me frequently ever since. This is March 31, 2015. The note is as worthless today as it was four years ago. As it will be four years from now. What I got from the note is that my friend has a generous spirit, and I honor that. But she's wasted the pittance she had on "investing" in IQD.
ReplyDeleteToday, a financial planner (with whom I've never exchanged a penny--we're acquaintances) told me about this fantastic deal he can get with Iraqi dinars, with a return in 3-4 months. Different company, same song.
My mother, who recently passed away at age 85, also fell for this swindle. She had someone who was wanting to sell her a MATTRESS, site unseen, at her house. She didn't want the mattress so they started pedaling her this IQD. She was smitten (she always had a soft spot for scammers!). They sold her 1 million IQD for $1200 (this was June of 2011). Dinar Banker (website sterlingcurrencygroup-dot-com) now says they will buy back her IQD if I show correct proof of her: 1) death; 2) receipt when she purchased; 3) proof that I am executor of her will. After reviewing it, they will let me know if they will purchase it back. And what will they give me? $800 less $20 fedex fee. Hmmm, $420 loss doesn't seem like much of an investment to me.
ReplyDelete