Thread: "Currency Talk Only". Investing,Ideals,Suggestions,Advice

Originally Posted by Offshore-Wealth.com

Interesting,

If you want to take advantage of real estate, that is great, purchase all the forclosures you can, or tax liens which is the most profitable investment in properties. You can purchase tax liens are safe investment and can provide huge ROI with little risk, but stat away from real estate for another year or so, and this includes mortgages.

Good luck to all, Mike

OSW, I live in a state where tax liens are not such a great thing - the state only sells the buyer the tax lien certificate - which means the buyer pays the tax bill for the original owner, and then the owner has one year to pay back that money, at a low rate of interest. If they fail to do so, only then does the buyer get the property. The percentage of property gained that way is low - bummer.

pp

Originally Posted by heavyjetpfe

Incase anyone is visiting the U.A.E. I just bought a million Dinar in Sharjah at the gold souk for $737.40

It's costing $721 (1387 NID) here in Doha.

Originally Posted by pparrott

OSW, I live in a state where tax liens are not such a great thing - the state only sells the buyer the tax lien certificate - which means the buyer pays the tax bill for the original owner, and then the owner has one year to pay back that money, at a low rate of interest. If they fail to do so, only then does the buyer get the property. The percentage of property gained that way is low - bummer.

pp

Good point,

Some states are better than others, but if you are watching markets, the small investment made to purchase a tax lein will usually pay off as most people who are in trouble now will be in even deeper trouble in the nest year as the market and recession in real estate is just taking hold, so it is still a great investment for us all to consider.

Happy Holiday Season to all, Mike

Geez.... you guys sure are having the odds thrown at ya and despite all that mud slung for what you all been putting up to help the globe...

I sure am sorry and wish you all a good and merry Christmas nonetheless and if time ever allows with trips made across the oceans, drop in and share a Guinness with me!!!


YB. - Cheers and slash to all that suffered!!!

Originally Posted by Offshore-Wealth.com

Good point,

Some states are better than others, but if you are watching markets, the small investment made to purchase a tax lein will usually pay off as most people who are in trouble now will be in even deeper trouble in the nest year as the market and recession in real estate is just taking hold, so it is still a great investment for us all to consider.

Happy Holiday Season to all, Mike

Become a house flipper.
The kind you buy, doing some facelifting and sell. Stay away from the buy and quick sale( no fixup). Those days are done. The days of people out bidding each other for your property are gone.
Forclosures are good.

Originally Posted by Dinar Madness

Not sure if this was posted but I found it interesting and I know that China is a major player in the dollar.

WorldNetDaily: U.S. dollar facing imminent collapse?

Originally Posted by Offshore-Wealth.com

Excellent,

Yes, we all have to be educated on the subject of currencies, not just the dinar or dong, but the dollar as well. For too long we have all taken it for granted that the dollar was strong, if not the strongest currency, but this is all about to change dramatically in the coming year, and it has already begun if you do a little research.

The point of this subject is to protect ROL members from losses if you cash out all your dinar at once which many said they would do. Again, many said the would go out and buy a new house, etc., and this is not the smart strategy as you will soon learn if you hang around this forum as many of us do. This is just one of the articles which will help you understand how to best protect your future wealth, so be a good student and read every post. (g)

Happy Holiday Season to all, Mike

Hello Gang,

Great Point here OWS. I was in Lesson Today of the anaylist,commentators of the meeting Dinar Madness has pointed out above. As I had stated before this Currency Investments have been very inspiring for me. If I could go back to economics and learn that before I chose to learn women and failed, I might be alot richer Today. Just kidding about the women.

Now, in todays discussion on the decline of the Dollar, I have learnt it has its GOOD aswell as its BAD. I have really followeed OSW on this theroy of the Dollar decline. I wasn't upto knowledge of its true meaning. So what I have come to decifer here is trully amazing in my figures. I Hope that someone other than I will see this to their thought as well.

Good: Just because the Dollar declines against other currencies, isnt really at all Bad to the common person. (Like I was) From my learning today, all this means is abroad (Globally). Here at Home, it is really a good thing for the future of Blue Collar Workers. (like Me) The decline will actually bring our Jobs back home. Corporations dont like it, since alot of them have relocated in other parts of the world, but now while just have to reorganize their stradigy. The Commentators today say this is going to continue, the decline of the dollar, and if the Democrates when the Presidential in 2008, then next 2 decades could be very promising for the working Americans.

China: What else I learnt today is that China is Blocking their real value of their currency exchange rate. And all other Asian Country are using the same means to stay in the competion. And this is why the US is going there to inform and work with them, (If Possible) to have China realise that they need to stand on their own two feet and quit the unmorral to their own people as they do. China is the Most Powerful Country in the World along with the US and is still the poorest in most catagories. China has no regulations, like for the work force, enviroment, Older Community. The only reason the yen is Pegged to the Dollar is for competition with the US. Out of the US's 1 Trillion a year Trade, China Makes up 300 billion of it. China Buys out 25 Billion Dollars a month for this to Happen. Their own Currency Value is 50% under value.

OSW LOGIC: I see now why OSW stresses on not Cashing in to the Dollar. I mean your Dollar in my Opinion will be a Dollar here in the US. But abroad it will have no value. So the way I am understanding OSW with hanging on to the Dinars, is to if you cash in, to exchange in off-shore accounts to the Euro are the Yen. With the News I have Gained Today, I am wondering if the Yen will be better then with Euro Accounts. With the US stressing for China to come upto Par and being stated that they are 50% under value, then there is more to learn.

I hope I haven't confused anyone, but I am finding this Currency Field very Intriging for me. I am really enjoying learning what I am. I am just trying to share it the way I believe I am hearing it. By all means I am not a expert. God only knows I WISH I was. I will continue to learn in this arena until I get it right. Now If anyone can contribut to this, by all means Please do.

BTW, It was stated that the US Fed's will Most liklely being Lowering Interest Rates several times in 2007.

Good points,

Yes, the average American will not be directly impacted as most live day to day and have no savings accounts or investments, so it is not a direct issue for most. What we will have is a situation whereby we can exchange our dinar for more dollars, so this is the point of my posts, to make you aware not to exchange all your dinar out for dollars immediately. Wait for the dollar to drop, and the dinar to rise more and you will have more purchasing power.

Happy Holiday Season to all, Mike

If this r/v happens next month at 1/1 or more what do people think is going to happen to the larger notes? People can't walk around with that kind of cash. Do the surrounding countries that they want to get equal with have notes that high? This is a concern for me since I only have 25,000 notes. What are the largest notes in the region? Does anyone know? I am getting really concerned now that this thing is starting to really happen.
Mrvgs.

Originally Posted by mrvgs

If this r/v happens next month at 1/1 or more what do people think is going to happen to the larger notes? People can't walk around with that kind of cash. Do the surrounding countries that they want to get equal with have notes that high? This is a concern for me since I only have 25,000 notes. What are the largest notes in the region? Does anyone know? I am getting really concerned now that this thing is starting to really happen.
Mrvgs.

IMHO, I would think they would be taken them out of circulation as they came in. Hopefully the smaller denomination will appear soon. When they do then this will indicate the removal of the larger notes. Kinda link in the US with the $1,000.00 Bill they are there but we dont see them on a everyday manner. I use to get them a few years ago from my bank. But they were of no need really. They always had to be cashed in.

I hope that is the case. Thanks.