Popular right wing blog targets readers with misleading investment "opportunity" in the currency market.
Surf on over to Power Line and you'll see an interesting business opportunity tucked in among the sidebar blogads. BetonIraq.com offers the savvy investor a once-in-a-lifetime opportunity to purchase the Iraqi Dinar (IQD) at rock-bottom prices and invest in the future of a free and democratic Iraq at the same time.…
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176 - Pete Blackwell
In your opinion, as long as it's "business", that makes anything morally ok? TV stations don't run cigarette ads, for example. Is that not also business? Does that not imply that there are certain kinds of companies that TV stations don't and won't take money from?
177 - Roger
A retailer wont likely put anything on the shelves, if it doesnt have 100% markup between holesale and retailprice.
He might go with 80% if in need, lower if it is a high volume product.
If a currency retailer buys currency for $660 per million Iraq Dinar.and sells it in the $740-780 range, that to me is not a scam.
If he would sell that $660 dinar package for $1320, he would at that time be in par with your mall shops established practice of 100% markup.
If this is about the "Dinar Scam", you should be much more upset over standard practices in day to day business. Then you're scamed everyday you fuel, get food, or buy clothes.
This is very simple.
Either go to Baghdad yourself and get the Dinars, for the actual exchange price, if not, make someone else get them for you, but dont expect free service.
I'm aware that you can set yourself up with licence to trade currency, and do it from your home apartment.
In that way you will get the currency for the actual present time value, and save a couple of hundred bucks.
In my case, I'm an Owner Operator, drive my own truck, and that takes a lot of miles and a lot of time, and it's just not costeffective for me to park, and go through all the motions it'll involve to be a licenced currency dealer.
Last investment I did, I believe I payed $7700, and got 10 mil. dinars. With a bit more research I'm sure i can dig up some cheaper dealer in the future, but my point is, im completely happy forking out the money, and have the bundle sent to me. End of that problem.
My "extra cost" was a bit over $1000, But as an Owner Operator, the truck will gross between $6-800/day. So who cares, it was not even a 100% markup on the whole price.
I plan to do two more 10 mil. purchases, and sit on a total of 30 mil iraq Dinars, after all it's a chance more than anything else.
A true sensible investment should yeald 10% year, at least, so this Dinar investment shouldn't really be called investment, more a Lotto game but with much higher odds than Powerball.
I'm doing the money, I CAN lose it, I wouldn't like to do so, but I wont die if I loose it.
I rather take my chances.
The gamble here is not the Dinar Dealers, they're doing ok, they're doing me a favour. The gamble is my own personal risk getting the Iraq Currency
Roger
PS, have this caracter "mikem" ever created anything of his own? Seems his favorite hobby is making other people smaller.
178 - mikem
Roger: "Seems his favorite hobby is making other people smaller."
Roger (his previous post): "I found this site, read it, and must say that most participants here must be in the age of seven to nine."
What I like to do, Roger, is point out the hypocrisy of someone, like you, descending upon a long post after everyone has gone home and declaring most others inferior for doing something you are doing yourself. What seems to upset you is that people like me will occasionally check back and catch you patting yourself on the back while you badmouth everyone who left the party before you showed up.
I think your style is pathetic and cowardly.
Keep digging. It's been fun.
And I do enjoy making bullies feel small.
179 - Roger
Mikum,
You're the ONLY fish that took the bait
Wrong, you dont enjoy making bullies feel small, you enjoy making EVERYONE feel small.
Your interest in the Iraq Dinar is absolutely zil, yo're floating around sites doing what you do best, being a critic, but you dont have a clue as to being a constructive critic give something that can enlighten us, with reason and logic. You're just taking a daily piss on people.
It wont matter if it's a grammar, typo, anything goes.
Tell me Micum,
When do you think the Dinar will hit the FOREX?
How much have you invested, and if you didnt invest, give some constructive ideas as to why.
If the Dinar goes into open trading, will there be a massive selloff?
You see Mikum, you're not interested in any of that at all, you're floating around posing as an expert.
The apparent image after you have left a scene is that you are the lucky smart one, and the others are dumbasses, pity and stupid. You make sure you tell them so too.
You are not a new phenomenon, you exist everywhere in society, so you are not exactly undetectable.
With an attitude of yours, piss on anyone and everyone, and then blame it on others, you are a person that have been seen in jobs, schools, jails and in the alcoholic clinic, to mention a few.
You are very seldom seen in places where you have to take yourself.
For you dear baby Mikum, other are dangerous in the way, that if they grow more powerful they might see you for who you are.
So your modus operandum is to crash their mental images into a solid ball, you even enjoy it.
Fact of the matter Mikum, you are either unable to hold onto a job, or your sitting in a dead end job requiring no skills, You have been fired and laid off numerous times, because you always screw up, and when you get fired or layed off, you have always watertight reasons, it's never your fault.
What you're doing on this site, you're doing to everybody else you get in contact with, so your friends are either worse off than you are, or nonexistent. A decent straight shooting person will tell you to fuck off, and you have been told to do so many times.
Because you dont have self respect, or self criticism, in your mind, thats only another "evidence" that theyre all after you.
So you're always back to the same grind, hit them make them small, make them nervous, make them afraid, anything to make them small.
As you are not able yourself to build a sandcasle, you're kicking others sandcastles, and laugh when you're doing it.
Your environment is a mess, untidy room, and you drive a junkie car, if you manage to get hold of a new one, it will deteriorate quick. Your hygien is questionable.
As you have no power yourself, you rely on others power , state or mom.
The relationships you have or have had is marred with suspicion, arguments and fight, and if you manage to get hold of a woman that stayed she's completely submissive. Robot.
Your father was either a disciplinarian, drunk or a runaway, and now you're a bitter man and everybody has to pay.
You see Mikum, whats most pathetic is, ....you ARE easily spotted...we have SEEN who you are, you're nothing new, just another loser that lives in your own world.
When you have stopped everything there is to stop, you have only one more thing to stop...YOURSELF.
Those suicidal thoughts are getting harder and harder to ignore, are'nt they....ARE'NT THEY.
The only product you have presented is HA HA comments on someone elses thought.
You are not even capable of laughing from your heart, only when someone gets hurt.
Hurt someone...HA HA
Hurt someone...HA HA
Create something from yourself, something you proudly can say, -"I created that."
Come up with a creative viewpoint regarding the Iraq Dinar, and lets discuss it.
You see, Mikum baby, you can't.
That means you have to open your self up, and thats being VUNERABLE, and "if Im VUNERABLE, they will kill me".
So Mikum baby you better go back to what your doing best, make them small. The end of that gunbarrel is looking awful tempting.
Put up or shut up. So what do you say about the Dinar?
Guess not, well Mikum, better assign responsibility and blame where you always has.
Kick the cat or slam a door.
180 - mikem
Q. E. D.
181 - Roger
Quot Erat Demonstrandum, yes Mikem, yes it was, as an Axiom
182 - jashuajr
Central Bank says Iraqi dinar stable
06/07/2006
Source: Al-Sharq Al-Awsat
Mudhir Salih, an expert with the Central Bank of Iraq, said that the Iraqi dinar is stable and there is no need at this point to print more money.
Salih added that the Bank departments are assessing the monetary stability and have not noticed any problems so far.
Salih said that any future demand for additional money printing has to be preceded by an increase in investment projects.
183 - jashuajr
Iraqi Dinar equality to dollar, Zubaidi suggests
27/06/2006
Source: Al-Sabah
Finance ministry & Iraqi Central Bank study a suggestion about lifting off the worth of Iraqi dinar and returning back as the past.
And the suggestion supported by the World Bank. Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so dinar would be equal to dollar. on the other hand, he declared his support for national peace initiative.
Iraqi Dinar equality to dollar, Zubaidi suggests
27/06/2006
Source: Al-Sabah
Finance ministry & Iraqi Central Bank study a suggestion about lifting off the worth of Iraqi dinar and returning back as the past.
And the suggestion supported by the World Bank. Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so dinar would be equal to dollar. on the other hand, he declared his support for national peace initiative.
184 - jashuajr
Announcement No.(724)
D.G. of Foreign Exchange Control
The 724 daily currency auction was held in the Central Bank of Iraq day Thursday 2006/ 7/ 13 so the results were as follows :
Details Notes
Number of banks 17 -----
Auction price selling dinar / US $ 1477 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 53.470.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 53.470.000 -----
Total offers for selling (US $) ----- -----
Cash amounts sold to the bank and its customers were USD(39.280.000)at a rate of(1477+1+6=1484)IQDUSD .
The amount sold to make transfers abroad was USD (14.190.000) at a rate of (1477)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.
185 - Roger
Last entry for this blog, before this entry was a month ago, this blog is dead.
186 - Shajee
Sorry to hear about Iraqi Dinar scams prospective buyers never received physical delivery of Dinar currency against the money sent, who knows there may be several other unreported victims of Dinar scam. It is a lesson never to go through any nature of business transactions on internet it is very risky.Well in the meantime good news is NID have apreciated from 1477 to 1280 NID to a U.S.Dollar
187 - Shajee
Hi, New Iraqi Dinar buyers / investors, do not expect NID to be physically delivered out side of iraq at your door steps, for your information NID is only retricted for trading within Iraq, until Central Bank of Iraq permits officially NID trading in Forex market, therafter, banks outside Iraq will provide buying and selling facility at their counters, if anybody promises to deliver NID outside Iraq, do not belive it and/or become a victim of Internet Dinar Scam.
188 - Lew Siffer
What the FUCK? So what if people are spending their money? Everything in life worth having involves some risk, If you dont have any balls to live a little you might as well not call yourself an investor!. Anyways, the president is making quite sure that all the blood being spilled over there will give all of us a return on our investments...
189 - Shajee
Hi, Iraq budget for 2007 was based on 1260, in July-2007 New iraqi Dinar is now 1249 to a US Dollar, expect Iraq budget for 2008 should based on 800 to US Dollar
190 - technocrat
hmmm... i think there is something wrong with iraq dinar investment. I dont know how to explain it but i think it's really high risk investment and beside that, how can we know that the dinar we bought on internet is the real dinar? you will waste your money only for buying "paper"
191 - Shauney boy
So what the deal with this investment in Iraqi Dinars, is there money to make? being that u can buy 1,000,000.00 dinars for the price of $860, is the dinars going to create more value?
I'm new to this so any help would be appreciated?
Thanx,
Shaun