Now that we have discussed the history and possibilities of Iraq and its future, let talk about where is our best option to invest in Iraq.
You want something that is safe, secure, easy to access, and easy to buy, sell and trade.
There are 4 main options, buy from a reputable website, buy it on EBay from a certified seller, find a Chase Bank to get it at, or open an over seas account.
Buying from a Website is a great option, they let you pick your denomination, pay with a credit card, and usually sell and buy, that way you have a way out to. Also if something goes wrong you can get your money back. DO NOT ever pay with a wire transfer or money order! Check out this site http://www.dinartrade.com/
Buy on EBay can be a way to save money over a website, but you also run a higher risk of getting scammed or fake notes. Buy only from reputable dealers with high feedback's. And make sure they have a return policy, and their currency is certified.
Chase Bank is the only bank you can get them at in the US right now. Call your local branch and they will order them from their fulfillment center and you will have them in a day or two available to pick up. http://reviews.ebay.com/US-BANK-IS-NOW-EXCHANGING-IRAQI-DINARS_W0QQugidZ10000000004899723
Finally you can open and over seas account, this might be the easiest most efficient way to do it. There a only few banks to do this with, and the banks in Iraq is probably your best bet. Here is a list check it out and see what you think is best.http://www.iraqi-dinar-4escape.com/account.html
And lastly, do your research, and then decide is the risk worth a shot at reward? I will leave that for you to decide.
Monday, July 19, 2010
Friday, July 16, 2010
Sons Of Liberty and their origin
First of all I would like to say that the Tea Party should be called the New Sons Of Liberty Party, but lets go back to 1765. I will keep this short and sweet.
Early 1765, England is starting to make Americans mad. A group of Massachusetts business owners and concerned citizens, these were normal workers and tradesmen, not wealthy trust fund brats or politicans. They decide to form a political action group to protest high taxes like the Stamp Act and over regulation. They called their orginizaton The Loyal Nine and after a while there were more tha nine so it became known as The Sons of Liberty. This was a secret society, highly influentual and active. By the end of the year they were in every colony. And by the end of 1766 they had removed nearly all opposition from power and controlled all legislature. But England refused to listen to the objections of the people in colonial America. And you can thank them for the revolt and the 1773 Tea Party! History has a way of repeating itself, we shall see.
Early 1765, England is starting to make Americans mad. A group of Massachusetts business owners and concerned citizens, these were normal workers and tradesmen, not wealthy trust fund brats or politicans. They decide to form a political action group to protest high taxes like the Stamp Act and over regulation. They called their orginizaton The Loyal Nine and after a while there were more tha nine so it became known as The Sons of Liberty. This was a secret society, highly influentual and active. By the end of the year they were in every colony. And by the end of 1766 they had removed nearly all opposition from power and controlled all legislature. But England refused to listen to the objections of the people in colonial America. And you can thank them for the revolt and the 1773 Tea Party! History has a way of repeating itself, we shall see.
Part 2: Iraq, China and investing in Iraq
So why should we invest in the Iraqi Dinar when the country is still not under control of its own government, and the Dinar is worth less than it was in 2004? Isn't that extremely high risk? And you might not get a return on you money for 5-10 years! And what if the US bombs Iran? Then what? You might loose everything you invested! That being said, this kind of investment is HIGH RISK, but with high risk comes the possibility of VERY HIGH RETURN.
Iraq is a very wealthy country, in the sense that they are sitting on more than 1/3rd of the oil in the world. But there economy is currently in shambles, and the US government is trying to hurry up the process of getting the Iraqi Government back in control and bring them back on line as soon as possible. In my opinion it is in the best interest of the administration to make this happen before the next presidential election.
President Bush passed a law making it legal to invest in the New Iraq after 2003, before the invasion it was illegal to invest in Iraq due to sanctions. People have been betting that the Dinar will turn around for the last 7 years, who would have thought we would be in our 7th year of occupation? And every day is one closer to the US getting out and Iraq selling on the open market again.
In the last year China has won 10's of Billions in contracts to build refineries, run oil fields and operations, in fact they have personnel on the ground working on fields right now! So if China has anything to do with it, Iraq will not fail, it is in the best interest of China to keep Iraq stable and get them back on line as soon as possible! With China controlling the oil and the us keeping military bases in Iraq it could be time to make alot of money.
A final thought for this segment, if the Dinar is 1000 to 1 on the dollar right now, and in 1995 it was 3.20 to 1 on the dollar, with hyper inflation imminent in the future of the US and oil is sure to sky rocket with inflation, it could be a great time to invest! Look at it this way, when you buy the dinar you are buying oil stocks!
Part 3 will come tomorrow and I will talk about where you can get Dinars to invest in and how exchange works.
By Benjamin Smith
"When you buy dinar it is a long term decision. There are a lot of rumors about when the dinar will revalue and allow dinar investors to make a huge profit. Many of these rumors provide a timeline of six months or less. However, keep in mind that like any foreign currency, the dinar is tied to the strength and stability of Iraq. This means that it must first form a stable political regime to promote and protect its economy. This is going to take years, not six months. So keep this time frame in mind when buying the Iraqi Dinar". By Daniel Carlson
Iraq is a very wealthy country, in the sense that they are sitting on more than 1/3rd of the oil in the world. But there economy is currently in shambles, and the US government is trying to hurry up the process of getting the Iraqi Government back in control and bring them back on line as soon as possible. In my opinion it is in the best interest of the administration to make this happen before the next presidential election.
President Bush passed a law making it legal to invest in the New Iraq after 2003, before the invasion it was illegal to invest in Iraq due to sanctions. People have been betting that the Dinar will turn around for the last 7 years, who would have thought we would be in our 7th year of occupation? And every day is one closer to the US getting out and Iraq selling on the open market again.
In the last year China has won 10's of Billions in contracts to build refineries, run oil fields and operations, in fact they have personnel on the ground working on fields right now! So if China has anything to do with it, Iraq will not fail, it is in the best interest of China to keep Iraq stable and get them back on line as soon as possible! With China controlling the oil and the us keeping military bases in Iraq it could be time to make alot of money.
A final thought for this segment, if the Dinar is 1000 to 1 on the dollar right now, and in 1995 it was 3.20 to 1 on the dollar, with hyper inflation imminent in the future of the US and oil is sure to sky rocket with inflation, it could be a great time to invest! Look at it this way, when you buy the dinar you are buying oil stocks!
Part 3 will come tomorrow and I will talk about where you can get Dinars to invest in and how exchange works.
By Benjamin Smith
"When you buy dinar it is a long term decision. There are a lot of rumors about when the dinar will revalue and allow dinar investors to make a huge profit. Many of these rumors provide a timeline of six months or less. However, keep in mind that like any foreign currency, the dinar is tied to the strength and stability of Iraq. This means that it must first form a stable political regime to promote and protect its economy. This is going to take years, not six months. So keep this time frame in mind when buying the Iraqi Dinar". By Daniel Carlson
Wednesday, July 14, 2010
A history lesson on Afghanistan, Iraq, and BIG Risk Investment!
Part: 1
I have been looking into investing in the IRAQI Dinar. To invest or not to invest.
But first lets start back in 1979. The Soviet Union invades Afghanistan, they stay until 1989. In this amount of time the Afghi, ( afghanistan currency ) was all over the board in value, very unstable. It went as low as 73,000 to 1 on the dollar. Even after it was reset at a 50/1 in 1981. In 1996 the Taliban took over and said the Afghi was worthless, at this time it was trading at 21,000/1. In 2000 it traded at 6200/1, and in 2004 traded at 4300/1. Now it is trading at 45/1.
That means if you would have invested 1,000 USD in 2004 you would now have 4 MIL in the bank today 6 years later. Alot of people made a killing including military stationed Kuwait.
But this is very, VERY high risk. You had The Gulf War in 90-91 it made the area very unstable, but it survived. Now you have the invasion in Iraq 2003 throws the whole region into turmoil. The question is will Iraq survive? If the Chinese have anything to do with it they will!
Now to my point.
Before the Gulf War in 1989 the IRAQI Dinar was worth 3.21/1 over 3 times the US Dollar! By 1995 it was down to 5000/1.
When the US invaded Iraq in 2003, all of the old Iraq currency had Saddam on it and was banned. ( ww2 Hitler?) The NEW Dinar they started printing in 2003. Anything made before this in not legal for trade. It went as low as 4000/1. Currently it is about 1000 to 1 usd.
This all for tonight. I will continue this weekend! You won't want to miss my op on this.
I have been looking into investing in the IRAQI Dinar. To invest or not to invest.
But first lets start back in 1979. The Soviet Union invades Afghanistan, they stay until 1989. In this amount of time the Afghi, ( afghanistan currency ) was all over the board in value, very unstable. It went as low as 73,000 to 1 on the dollar. Even after it was reset at a 50/1 in 1981. In 1996 the Taliban took over and said the Afghi was worthless, at this time it was trading at 21,000/1. In 2000 it traded at 6200/1, and in 2004 traded at 4300/1. Now it is trading at 45/1.
That means if you would have invested 1,000 USD in 2004 you would now have 4 MIL in the bank today 6 years later. Alot of people made a killing including military stationed Kuwait.
But this is very, VERY high risk. You had The Gulf War in 90-91 it made the area very unstable, but it survived. Now you have the invasion in Iraq 2003 throws the whole region into turmoil. The question is will Iraq survive? If the Chinese have anything to do with it they will!
Now to my point.
Before the Gulf War in 1989 the IRAQI Dinar was worth 3.21/1 over 3 times the US Dollar! By 1995 it was down to 5000/1.
When the US invaded Iraq in 2003, all of the old Iraq currency had Saddam on it and was banned. ( ww2 Hitler?) The NEW Dinar they started printing in 2003. Anything made before this in not legal for trade. It went as low as 4000/1. Currently it is about 1000 to 1 usd.
This all for tonight. I will continue this weekend! You won't want to miss my op on this.
The Beginning for Blogging
Well, this is it folks, after lots of pressure and begging from my wife I will now be blogging!
Drawing a blank right now.......... OK. Here is what is up.
A couple things that need to get off my chest that are driving me nuts. THE DOLLAR is down right now, Gold is up, stock market is up, and WE are in a (recession), and UN employment is at 10%. BUT that being said, the Obama admin, (short for administration) just released a report that's says they created 3 MILLION jobs, and things are looking up! That is a 3 with 000,000 or so. Actually it could be as high as 3.6 MILLION! WOW!!! YAY!!! The recession is over!! Give me a fork so I can gouge my eye out. Someone once said and I quote, " Tell a LIE often enough, long enough, and loud enough and people will believe you". (Adolf Hitler). What is THAT? A net gain negative on a positive to equal a positive negative? You do the math. It only cost 862,000,000,000. THAT'S right 862 BILLION of your money you borrowed from CHINA to create this! And they can't believe they are getting flak from their stats. Eric Holder is probably sobbing on his high fiber bran muffin! OR he is laughing at how STUPID & GULLIBLE people really are and keeping his fingers crossed that we will believe all this crap.
OK, one thing covered, a million to go!
Drawing a blank right now.......... OK. Here is what is up.
A couple things that need to get off my chest that are driving me nuts. THE DOLLAR is down right now, Gold is up, stock market is up, and WE are in a (recession), and UN employment is at 10%. BUT that being said, the Obama admin, (short for administration) just released a report that's says they created 3 MILLION jobs, and things are looking up! That is a 3 with 000,000 or so. Actually it could be as high as 3.6 MILLION! WOW!!! YAY!!! The recession is over!! Give me a fork so I can gouge my eye out. Someone once said and I quote, " Tell a LIE often enough, long enough, and loud enough and people will believe you". (Adolf Hitler). What is THAT? A net gain negative on a positive to equal a positive negative? You do the math. It only cost 862,000,000,000. THAT'S right 862 BILLION of your money you borrowed from CHINA to create this! And they can't believe they are getting flak from their stats. Eric Holder is probably sobbing on his high fiber bran muffin! OR he is laughing at how STUPID & GULLIBLE people really are and keeping his fingers crossed that we will believe all this crap.
OK, one thing covered, a million to go!
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