Very solid.
A good way to look at it.
You don't view it as something that will never happen, and you don't view it as something that is going to make you a millionaire instantly (aka the great pipe dream)
I believe the same way. A shakedown "lap-dance" rate of somewhere under a dollar, but over a dime is very likely to happen first. This has been discussed quite a bit.
But with everything that is currently taking place, and if it is true about the ISX.... that does not cancel out their "lapdance" rate to start out above a dollar.
If anyone knows me well enough, they will tell you that I love seeing negative posts about the dinar.
It discourages people.
Right now there are those few of us that know better. But there are still a lot that will look at the negative side of things, and they wont buy in.
Which is great.
The less people that buy dinar, the better off for dinar holders like me and the rest of the 10%.
This is why I believe our govt is about 75% discouraging, 25% encouraging people to invest in Iraq.
If you read this and have a big "?"
I will explain further....
It's very easy to find an article that reads something like "dinar investing is not encouraged because there is no market for dinar except in Iraq"
If you are someone like me that refuses to believe everything they read, then try this.
Call 10 US banks and ask them if they will exchange your dinar.
about 20-30% of them will do it. and that small # of banks are willing because they know exactly what's going on, they know of the RV, (one of them straight up told me it's going to happen.... a US BANK!!) and they are willing to exchange because they will make money from the initial exchange (fees) and both the federal and state govt will get their share in US dollars when the LTCG taxes are paid....the bank will have a fresh supply of dinar, that will raise in value again and again, several times over in the short term, and when it all slows down, the rate will be way up where it is supposed to be, and by then, those few banks will have a solid supply of dinar that is worth more than USD.
they know that:
a) most people will cash out early
b) if it starts under a dollar there will still be a ton of people cashing out
c) as soon as it gets to between 1-2 dollars, the majority will cash out
those small # of banks know this. they have had it all worked out way before they even bought in. they will make more than any of us from exchange fees and when it reaches peak value, they will have most of our dinar.
it's hard to say if other banks will join in, but logically I don't see the rest of the banks exchanging until there is an even flow going.... that is after the majority of us have cashed in, the rate reaches its peak, and the banks that got in early have made their profits.
Like I said in some other posts, I believe there is a very good reason there are so few banks exchanging, for the same reasons the govt has all of those websites out there discouraging dinar investments to ensure that they don't have too many of us buying dinar.
If 40% of america bought dinar it would have a very bad impact on our economy. try imagining 40% of our population suddenly becoming rich.
30% may even be too high.
It is for all of those reasons, that I love seeing people post negative vibes and discouraging anyone from buying in. It is my belief that through a limited # of banks, and the US Govt giving a HUGE THUMBS DOWN, while with the other hand giving a very small, obscured thumbs up.... that it is their strategy to keep the majority from ruining everything, while supporting it just enough with that 10% active investors to enable its growth.
So, when you step back and view this whole thing at just the right angle....it isn't hard to see that our own govt has a very large investment in Iraq, and they know exactly how to ensure it's success.
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08-05-2007, 02:22 AM #16
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