I can't answer in regards to the ISX, but will forward the question to the TBI.
In regards to the Bank Bonds, we had several discussions with the TBI in the past in regards to this and at that time our roll would have been as an intermediary, and I am sure it would be the same now.
Thanks for the questions,
Dan
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Thread: Question for the Forum...
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19-11-2006, 01:57 AM #11
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Last edited by _Apollo_; 19-11-2006 at 02:03 AM.
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19-11-2006, 02:00 AM #12
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19-11-2006, 02:28 AM #13
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I understand your business has stopped selling Dinars, but there are several others who have kept selling throughout this questionable time. I believe the safest form of investing in this is to have cash in hand. If it burns up in your basement, that's your fault. If it's in a safe deposit box down at your local bank, great. Either way you can touch it, smell it, see it....you know where it is.
Point is, why not just go back to selling it? Has your physical supply run out?
Any "Depositing money in another person's account" just sounds like trouble waiting to happen. There is no jurisdiction governing this as far as I know. High risk to say the least.
Just my opinion.Do unto others....you know the rest...
Here I am getting my Dinar News Fix waiting for that "Bold Adjustment"
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19-11-2006, 08:20 PM #14
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Dan,
The problem is, when your company switched software in beginning of year, it was totally screwed up ever since. I spent a ton of time trying to get it resolved with no luck, so my faith in FreeDinar is long gone. Autoship never went into force as promoted, and having entered it three times, with no notice it was not operative, I lost a ton of commissions, so why should we have any faith in your accounting procedures.
Now you are asking if we should deposit money with you to open and manage a mutual account, but how do you insure no one goes through the same hassles as I did, as well as many others I know of with FreeDinar. Many are on this dinar forum since I started it with Adam and Admin, so when accounting really matters, your track record is subject to concerns, even if bank is involved, any questions or problems would be your responsibility. Sorry, but I don't have much faith in your software, accounting or back office tracking anymore, so my answer is no.
Good luck to all, Mike
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19-11-2006, 08:32 PM #15
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to go one futher off this..i may be wrong but i could swear the FIL has a stipulation (sp) about investing in the banking sector. And holding bonds from trade bank of iraq considered an investment? nothing against you and yours. but i'm conceren about the ability to produce these documents. i have been the victim of a few REALLY good counterfit documents in the past and even know a few others who are VERY good at producing documents of the same. my question is this. What guarentee is there that these bonds and documents are in fact legit?
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19-11-2006, 08:42 PM #16
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I don't see why one would need to open a bank account in dinars. Unless, you're still scared of a reprint or zero lop. That threat has been bogus from day one. The main point is to exchange the dinars for USD once its exchange
hits your preferred target rate. So why even go to the hazzles, like alot of folks have done, of opening bank accounts over there. Sending money over there is already a huge hassle, wait till most of the folks starts requesting their funds back. A good example is Warka. They've been advocating their electronic banking since day 1, but up to now, it's still just all air. Warka knows, if they implement that, what's stopping all these foreign account holders from electronically transferring their deposits back here in the US. So pretty much you'll probably not going to see any semblance of electronic banking from warka for a loooonnngg time.
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19-11-2006, 09:08 PM #17
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Can you offer any proof that you have an account with the TBI, some sort of official document scanned from the person who opened the account.
I'm not calling you out on this but if your sales were at such a high demand you could simply get to the nearest Chase bank, even if it requires a flight to NYC and stack up on a few hundred million. Chase will even give you a better rate for larger quanities.
I would advise all not to have any third party open an account unless that party can provide documentation that they are bonded as a money exchanger and can gurantee your funds in the event of a revluation. For all you know you could end up with problems and only be offered the value given should someone default on their duty. There are also still many dealers in the states that are shipping next day COD.Last edited by Inscrutable; 19-11-2006 at 09:12 PM.
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19-11-2006, 10:07 PM #18
Why?
Why would I want to?
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