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    Dinar Divas...

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    goodyboy
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    Dinar Divas...

    Post  goodyboy on Mon 19 May 2014, 15:15

    ...  What a Face
    BI tweet...
    https://twitter.com/baghdadinvest/status/468458919359029250

    Dinar Divas’ Destroy Credibility of Investment Opportunity
    5/17/2014





    Following the second Gulf War, many Americans decided to purchase Iraqi Dinars as an investment opportunity they hoped would pay big dividends one day. Historically the Dinar was always in the $3+ range in comparison to the US dollar, and because of the massive amount of resources that Iraq has, especially large oil reserves, many speculated that once a series of international requirements were met that the Dinar would rise in value.  This was a sound thought process, but, as a result, it brought out a group of people thirsting for attention that posted absurd and outright false rumors and “facts” nearly every day. These “Dinar Divas” have brought a great deal of skepticism about the investment, and have caused many to challenge the credibility of the investment opportunity.

    Prior to the first Gulf War, the Dinar traded in the $3.41-$4.35 range. This meant that a person who purchased one dinar was required to pay somewhere between $3.41 to $4.35. When the second Gulf War ended, then President George Bush authorized for Americans to be able to purchase the currency, despite the fact that sanctions were in place and that the dinar was not an internationally recognized currency at that time. This policy brought trading services that were willing to sell the Dinar at a profit to those who wished to invest.

    To ensure that Iraq was not placed in a position of economic power too quickly, the United States and the United Nations imposed an artificial trading rate on the dinar. For the most part of the last eight years, this rate has been about 1160-1170 dinars per US dollar. This has made the dinar virtually useless as a currency, and has led many Iraqi citizens to use the dollar to do business within Iraq.

    Traders were not the only groups that arose, however. Next came pundits from all over the investment world who either supported this as the greatest investment of all time or who talked of it as the biggest scam since the Brooklyn Bridge.  Both sides had valid arguments, but the truth was that a country with such abundant resources was not going to stay at an artificial rate of around 1160 dinars to the US dollar for very long. There would have to be some kind of change at some point.

    While the investors seemed split on what would happen to the dinar, there was one group of people that were absolutely sure that the currency would revalue at “any moment,” and that all investors in the currency would be rich beyond their wildest dreams. While the being rich part may have some validity to it one day, some of these people took their predictions and “truths” to a whole new and outrageous level. These Dinar Divas have become so outrageous in their predictions, that they have caused a great many people challenge the credibility of the information, and to walk away for the investment opportunity.

    Who are the Dinar Divas? No one really knows. What is known is that they are people that claim to have inside information from sources in the United States Treasury, the US Capital, the Iraqi government, and big banks. They report that their sources are constantly revealing to them information that will make investors happy, because the revaluation of the currency is going to happen that day, that night, that weekend, the upcoming Tuesday, or on the first of the month.  Despite all this “inside information,” their facts have not proven correct once.

    Within the Dinar Diva community there are many who spout off with these false “truths” on a regular basis, but there are four that are the biggest divas of all. They are four guys who go by TNT Tony, Loechin, Mnt Goat and, the worst of them all, OkieOilMan (gb:  I can certainly think of a few other terrific talking heads...talk, talk, talk). This group has continuously proven to be wrong every time they open their mouths or type something on their keyboards.

    Consider some of the things that this group has said in the last year alone. In the past year these four have said that the dinar revalued no less than 300 times between them; obviously that was not true. Tony TNT has stated on numerous occasions that people in Iraq were using their government issued monetary cards to purchase items at the new rate of $3+; none of that was ever true.  All four have said that sources have told them that the “back screens” at banks were showing rates of $32+ and that investors would be seeing this happen any second. No back screens exist at banks, and no revaluation ever occurred.

    What is most disconcerting about these four is that there is a group of loyal minions who will live on the words of them, despite the fact that they have been wrong each and every time they have stated something as fact. There is nothing credible about them at all, yet they have a group that hangs on their every word, much like a cult.

    When pressed as to why their information is wrong, the Dinar Divas always have an excuse. Over the years they have had such excuses as computer glitches, timing was not right, it showed and people were cashing out, but then it was pulled back, Obama stopped it at the last moment, the International Monetary Foundation stopped it at the last moment, there was a problem with banks, or they have no response at all. Over the last seven years, OkieOilMan, in particular, has used each of these excuses at least 15 times.

    The reality is that these people found a place where people will listen to them, and so they continually post information that has no merit, just so people will listen to them. The problem with the Dinar Divas is that they have caused those who saw this as a legitimate investment opportunity to turn away from it, because they are reading these guys misinformation on a daily basis, and thinking this really must be a scam.

    At some point the dinar will revalue, and the investment will pay off. It is likely that on that day the Dinar Divas will have predicted it will revalue, and will claim they were right, and they will be right. It is only natural

    Opinion by Robert Pannier
    @RobertPannier

    http://guardianlv.com/2014/05/dinar-divas-destroy-credibility-of-investment-opportunity/


    Last edited by goodyboy on Tue 20 May 2014, 12:20; edited 5 times in total
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    Re: Dinar Divas...

    Post  goodyboy on Mon 19 May 2014, 15:19

    ...  What a Face 
    and this is once again my irreverent response...
    ...be patient with me, I realize it's redundant...

    ...the sentiment of sensibility is being recycled...
    The problem with this investment is not the investment, but the dinarian subcultures that have been purportedly created on behalf of this investment, along with the self-aggrandizement of their talking heads, self-serving agenda and their holographic reality of this investment...
    http://iqdnews.forumotion.com/t1829-a-subculture-of-great-expectationsthe-amplified-version

    "...O my body, make of me always a man who questions!"
    Frantz Fanon…

      Current date/time is Mon 23 Oct 2017, 18:36