History

[Luckylad]

Hey fellow investors.I am writing this as i have had many a discussion with my father who is 70 years of age.He grew up through WWll in Italy and experienced first hand what the war did to the economy,not only in Italy but world wide,His experience has influenced my decission to invest quite a substantial amount in Dinar.From his experiences and knowledge he even concluded that in due course this investment will pay off.Consider that during WWll the cost of a loaf of bread in Italy was equiv to 20 cents after the war it cost almost 2 dollars.History also shows that America was using 10,000 dollar bills and to date they are still legal tender until the euro was introduced the Italian curreny still had denominations of 1,000,000 Lire which was approx 10,000 dollars,History always shows a certain trend and nothing is any different in Iraq all in due time it will happen.Then when you consider Australia has a population of 22 million and our biggest export is uranium one can only speculate the Iraq will be prosperous for those that invest.

This is my take on it,opinions from others would be greatly appreciated

[Trained Monkey]

One of my family told me that they could have purchased homes amoung the bombed out ruins of London for about 2 months pay after WW2.

In Germany people often used wheelbarrow to carry devalued currency to the market to buy groceries. Often the wheelbarrows were worth more than the money in them.

Another one told me about how life in Japan after WW2 was. The currency there had dropped to around 400 to 1. Many of the troops purchased huge collections of Noritaki fine china during this era for pennies. Atomic bombs had been dropped on the place and yet now the land in many areas can cost $1000 per sq ft.

This library was built with money donated by "carpetbaggers" after the American Civil War who went to the war torn south and bought up the cheap farmland.

The dinar doesnt seem to be too widely known about in Oz so every time I travel there I always make sure to take some with me for my friends there.

[inquisitive]

Luckylad, you are luckylad to have had such a wise Dad, who is lucky as well to have a son, who is wise enough to discuss important decisions with one of wisdom and experience; you are both lucky to have each other. Thanks for sharing your wisdom with us.

[millionairetobe71]

I agree, it is just a matter of time.

As your grandpa said, in its due course, it will pay off....keep in mind, there is a whole bunch of individuals that wants the reval like now....it doesn't happen that way and it doesn't happen that fast either.. As a mentioned before in other postings, it wil take some time...and when it comes, we will be smiling....

[BABYBULL24]

My Dad is 75, Italian and lived threw the Depression - he told me I was nuts to invest in the Dinar!

I am glad he is still with us but I never haved listened to him.

[baz]

One of my family told me that they could have purchased homes amoung the bombed out ruins of London for about 2 months pay after WW2.

In Germany people often used wheelbarrow to carry devalued currency to the market to buy groceries. Often the wheelbarrows were worth more than the money in them.

Another one told me about how life in Japan after WW2 was. The currency there had dropped to around 400 to 1. Many of the troops purchased huge collections of Noritaki fine china during this era for pennies. Atomic bombs had been dropped on the place and yet now the land in many areas can cost $1000 per sq ft.

This library was built with money donated by "carpetbaggers" after the American Civil War who went to the war torn south and bought up the cheap farmland.

The dinar doesnt seem to be too widely known about in Oz so every time I travel there I always make sure to take some with me for my friends there.

A terraced house in the East End of London cost about £150/350 ($240/560) during the second world war, my Dad had the money, but wouldnt buy one because he allways said "no point dont know if I will be back".and when he did come back he had to use the money to live because there was no work and all their possesions had been blown up, so was it a chair to sit on but no house to live in, or a house to live in but no chair to sit on, it must have been hard to explain to a person that had just come back from allmost 8 years of fighting to do the wisest thing.

He told me that after the war in Berlin a rucksack of Deuscmarks just about bought a black loaf of bread, but for a packet of ciggys he had all he's washing done for a week plus other favours.

[Abend]

I think that there is no denying it. We have, as many have, through the grace of the internet, got a once in a lifetime opportunity. And as history shows, there will be a downtime. Eventually, an uptime will come back around. The more I read and search about Dinar, the more I see that there are MANY more people buying then I ever expected. I just hope when it comes time, we all don't cash in at once.

[Quack]

Excellent discussion... thanks for your input.

[goldraker]

That is a very good point, let's talk about this. Let's be calm and organised. The thing to do, is just cash in what you need. Now let's say if it drops down to 1200 to 1. At that point I'm not moving, not worth it. Now let's say we get to .01 at that point will only take what I need. Just enough to recoupe the investment. When it moves .10 I will unload 10% of my investment. Because remember the dinar has always been valued since the 1930's well over 3 to 1 at one point it was close to 5 to 1. Now we look at the present situation, yes there is some terrorist lingering around the country. However this is the first democratic middle eastern country backed by not only the USA but many other countries. Now let's look at their natural reserves, the world will soon be out of oil. With Iraq's recently discover new reserves and all of their natural gas. Then we have the situation with Kuwait's misquoted reserves. Iraq is one richest countries in the world with asset's I would estimate to be 10 to 100 trillion dollars based on future oil and gas prices. Unlike other countries with large debt and nothing to back it except currency backed by nothing. Iraq actually has backed currency. Who know's what will happen, but I will tell you this. I beleive because of Iraq and the dinar and the ISX. There will be instant thousandaires that will become millionaires and down the line. I think we are sitting on cusher that is ready blow!

[inquisitive]

Exactly Goldraker! You are not going to cash and run (sell the farm) the moment you fall in love at first sight. ( The Dinar moves up in value) Nor will I. Using ourselves as examples, I would like to calm the fears of our posters whose major concern is the Major Iraqi Bank Rush of 2006....??? It is just not going to happen. The big players know that there must be a pony under that pile of manure. :lmao:

[ksdunlap]

you are talking future not history, I am confused as where you are going with this

[RotaryRevn]

That is a very good point, let's talk about this. Let's be calm and organised. The thing to do, is just cash in what you need. Now let's say if it drops down to 1200 to 1. At that point I'm not moving, not worth it. Now let's say we get to .01 at that point will only take what I need. Just enough to recoupe the investment. When it moves .10 I will unload 10% of my investment. Because remember the dinar has always been valued since the 1930's well over 3 to 1 at one point it was close to 5 to 1. Now we look at the present situation, yes there is some terrorist lingering around the country. However this is the first democratic middle eastern country backed by not only the USA but many other countries. Now let's look at their natural reserves, the world will soon be out of oil. With Iraq's recently discover new reserves and all of their natural gas. Then we have the situation with Kuwait's misquoted reserves. Iraq is one richest countries in the world with asset's I would estimate to be 10 to 100 trillion dollars based on future oil and gas prices. Unlike other countries with large debt and nothing to back it except currency backed by nothing. Iraq actually has backed currency. Who know's what will happen, but I will tell you this. I beleive because of Iraq and the dinar and the ISX. There will be instant thousandaires that will become millionaires and down the line. I think we are sitting on cusher that is ready blow!

all very good points. I just don't see how this could not happen!

[goldraker]

Nothing big will happen overnight, although slightly possible. However I think that before 2010 we will all be very well off! Of course, this would depend on how much a person has invested in this venture. One very important fact, I think that Iraq is much to valuable to walk away from. I think that if a civil war were to break out. The USA & the UK and others would back their favorite party and take back the country again. It will not be to long though, until all or most of these terrorist are killed or in prison. People who say this is not an investment are kidding themselves and others. It is an investment, with some risk. The thing I love about this deal, is that were sitting or banking a stable currency that should not go down. Unlike the stock market, where you can lose everthing in a split second.

[goldraker]

There was a time when these stock brokers were calling me every day. Oh you gotta buy this it's going to go up 1200%. Well these guy's are paid extra to sell garbage. In that year, I lost everthing! The only thing I invest in now is myself.

[Luckylad]

That is a very good point, let's talk about this. Let's be calm and organised. The thing to do, is just cash in what you need. Now let's say if it drops down to 1200 to 1. At that point I'm not moving, not worth it. Now let's say we get to .01 at that point will only take what I need. Just enough to recoupe the investment. When it moves .10 I will unload 10% of my investment. Because remember the dinar has always been valued since the 1930's well over 3 to 1 at one point it was close to 5 to 1.


Goldrakers point here is a valid one,you need to go back to the 1930's and look at the exchange rate not what it was when Saddam was in power. But most important anyone that thinks they will get rich quick freom this is definately dreaming,not that i want to dampen their dreams but that is the reality of it.Before we see a very substantial exchange rate it will be several years.

I know a minority on here will ride this out while others will cash in very quickly. I know of a few people here in australia who have bought 100,000 dinar in the hope of striking it big, I personally think anyone that has bought in excess of 10,000,000 Dinar is in for the long haul and will wait for the right time..The worse thing about any kind of investment is any negativity that you hear, is what is implanted in your mind.

I read alot about how alot of people are worried about zero lopping or the 25000 Dinar note will be obselete,I doubt this will happen either,For a country that is trying to get some sought of stabilty you will not create stabilty by announcing that you are going to remove a certain denomination and making it worthless,as for zero lopping they have an exchange rate of 1470 + 0r - or .00068 you do the maths either way this investment cant go wrong.If they do a zero lop you benefit if they make denominations worthless everything that the US and Brits etc etc have worked for will cause that much mayem and has all been for nothing,this wont happen either.Even if they do a reprint the currency is still legal tender as it is not counterfiet,In Australia we went from paper money to plastic money,paper money is still legal tender,we used to have 1cent and 2 cent coins, they are still legal tender even though they have been out of circulation for over 10 years. W e used to have 1 dollar and 2 dollar notes now we have 1 dollar and 2 dollar coins yet the notes are still legal tender and the same value.

Even if you have the old schilling or pence it will still be exchanged for the current currency,

The only way it wont happen is if it is not exchanged on the international money market.

This is just what i have experienced and information my father has shared with me.

[goldraker]

That is a very good point. The most important structure of a country is their currency. Especially in the case of Iraq, they need to establish themselves as an international stable player. I think the very last thing or worst thing that they could do. Would be, to mess with the NID.

[lorenzo]

My Dad is 75, Italian and lived threw the Depression - he told me I was nuts to invest in the Dinar!

I am glad he is still with us but I never haved listened to him.

This post was the funniest i ever read here,thought,i have not read all yet.I liked it!!

[inquisitive]

you are talking future not history, I am confused as where you are going with this

I was joking around. The story goes that their are two kids looking at a pile of horse manure. The negitive one looks at the pile and says," That is a big pile of crap. " The positive kid looks at the pile and says," Wow, there must be a pony somewhere. :lmao:

[wo23dodge]

I was joking around. The story goes that their are two kids looking at a pile of horse manure. The negitive one looks at the pile and says," That is a big pile of crap. " The positive kid looks at the pile and says," Wow, there must be a pony somewhere. :lmao:

Bot thats one hell of a short cut to the real joke ;)