Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by plb2

Prior to the year 2000, in fear of the Y2K fiasco, the government printed billions of dollars to keep the economy afloat. After 9/11, the govt printed billions of dollars to keep the economy afloat. After we invaded Afghanistan and Iraq, once again the US Govt printed billions of dollars again to keep the econmy afloat. At the same time, China entered the WTO and became the biggest creditor in the world and; the US became the biggest debtor. In a few years, the $74 Trillion bill for social security and medicare will start coming due as the baby boomer generation retires. And if something does not change, the govt will again print more and more money, making the us dollar worth less and less.

By the way if you wanted to pay off 1 trillion dollars by paying $1 a day. It will take you 34,000 years to pay it off.

BINGO,

Exactly right, U.S. has been printing more worthless paper than Saddam was printing phoney dinars when in power. LOL

Good luck to all, Mike

What is the point in arguing about the revaluation of the dinar, none of us have an ounce of control over this, we are all along for the ride. It is a very risky venture and we all had the nerve to risk it. If it takes a month or 5 years, we won’t determine that. If you don’t like what someone writes screw him, just move on, you don’t have to read it. People that are real negative love to get other peoples goat. I think it gives them some kind of feeling of control, so just ignore them. If someone writes something negative, as long as he doesn’t attack you personally blow him off. He will eventually move on because he can’t get a reaction from anyone. No one likes their bubble popped and we all can understand that, but at this stage of the game anything can go. This is a fantastic site and there is a lot of great information from a lot of very well informed people.

So if the dollar is fading fast, would you suggest we exchange them in a off shore account in euros or just hold on to them till the time is right and them offload them into whatever currency is the safest bet at that time?
Thanks,
Michael

With all the talk of the USD eventually failing, what is recommended? My only assets at the moment is liquid USD, so not that I think it will happen tomorrow, but I would like some advice as what to be looking for in the future to not lose what I have gained thus far.

Originally Posted by OrangeBlood

So if the dollar is fading fast, would you suggest we exchange them in a off shore account in euros or just hold on to them till the time is right and them offload them into whatever currency is the safest bet at that time?
Thanks,
Michael

Exactly,

Hold onto dinar as Iraq gets there economy in gear will give you a far better return than by excahnging for dollars and putting it into CD's or other U.S. dollar investment. Buffet is shifting to offshore investments, and as the experts say, follow the money. (g)

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Agreed,


So for all those talking about cashing out dinar immediately, think long and hard about that strategy as it is all wrong move at this point in time. If you pay off your debts, great, but don't put it in any U.S. bank savings institution for it will be at risk on serveral fronts. First, FDIC cannot insure even a dollar per hundred, do forget that false security, and when the cookie crumbles, you will only be left with crumbs. Just some food for thought, but the next 9-11 won't involve explosives, it will be an economic attack, and since the dollar is a house of cards, it will be very easy to crumble.

Good luck to all, Mike

This is a very valid point. This is so true.

Originally Posted by Maddawg

Isn't the U.S. holding NIDs? Isn't the U.S. going to benefit immensely when the reval occurs which may solidify the U.S. Dollar? Just something to think about.

Seems to me, if the U.S. did what everyone seems to think that they did, i.e. acquire a substantial supply of dinar, they are working the law of sowing and reaping. what did we sow? How about millions of dollars into the reconstruction efforts and military efforts for another country. Did we do it expecting nothing in return? No...although that might be the most noble approach to doing good deeds, it isn't always the way things are done. God expects us to sow, and HE declares that we are to expect a harvest from what we sow. Is this any different? NO! The law works no matter if it is an individual or a group of people. As a country that has gone to the aid of those who were unable to defend themselves in the past, we as a country have reaped the benefits of those decisions. That's the same way it works for individuals. Now, for some reason, our good deeds have somehow been forgotten by most of the world, we are looked upon as some kind of evil empire. That's what happens when God blesses you. Others look at you as though you acquired what you have somehow illegally or unethically, or they question your motives. The Lord himself said to "give to him who begs from you, give and do not refuse" and later on He said; "Whomsoever shall compell you to go with him one mile, go with him a second." Seems to me, that's what the United States of America has been doing for a long time, but God doesn't expect any less from us. "My country tis' of thee, Sweet land of liberty, of thee I sing"...have we lost those words? To answer the question I thought I understood, if the leaders we have are the men I hope they are, they are in the process of taking advantage of the seeds that have been sown, whether they were sown with the approval of everyone else or not, everyone will reap the benefit of them. When the dinar goes up in value, our country will right along side the Iraqi people to reap the benefit of their new found prosperity. To God be the glory and the Praise!

Originally Posted by Offshore-Wealth.com

.....between these three oil powerhouses, the dollar is doomed when the dollar is removed against oil as it has been forever.

Hey Mike

Well what about the MASSIVE oil find in the Green River area (Colorado, Utah, Wyoming) that the US govt is keeping hush, hush,..... estimated at 2 trillion barrels of oil???

Is it even possible for a US citizen to open a Euro type bank account without actually being a resident of the UK? If so, I'm assuming it wouldn't be able to be done online? Do they have some type of insurance that is similiar to FDIC here in the states? Thanks!

This year’s total dinar removed at auction in USD.
January = $887,200,000
February = $950,780,000
March = $1,174,065,000
April = $988,830,000
May = $920,190,000
June = $861,320,000
July = $875,960,000
August = NOT POSTED AT CBI
September = $1,186,690,000
October = NOT POSTED AT CBI
November & first 5 days of December = $920,910,000

At an average of 1471 for the year that would be 12,894,705,095,000 Dinar.
This does not take into account the few days the CBI sold dinar this year but
I don’t see much of a push to take more dinar out of circulation as of late.
With the amount of dinar needed to buy a dollar dropping this month & also
in November I would expect the USD total to be higher if they were trying
to dry up extra dinar. JMO.. I was bored.