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The anti-dollar is, and always has been, gold (and silver). Iraqi dinars are not backed with gold or silver. They are paper, like the dollar. So is every other currency on the planet. The only exception, is precious metal. Be like the Indians, the Chinese, the Russians, the Arabs. Buy gold and silver if you are worried about the dollar, as I am.
Saw an interesting article in vice magazine about preppers buying iraqi dinar as a hedge against the dollar. Any of you guys holding dinar?
Only idiots bought into this scam. The idea was that the Dinar exchange rate was 800 for each US Dollar. At some point, due to the US involvment in the reconstruction of Iraq, the US would revalue the Dinar so that it restarts at a 1 Dinar for each 1 US Dollar. If that happens a $1 US investment before the revaluation would yield 800 Iraqi Dinars and after the revauation that $1 investment would now be worth $800. Or as the scam was marketed, a simple $100 investment would become $80,000. A $1,000 investment would become $800,000. It was designed to play on the ignorance and greed of people especially those who were just too dumb to look at the background information which clearly indicated it was not going to happen. I think the exchange rate has gone in the toilet to the tune of 1166 Dinars to each 1 US Dollars.
O..................... The idea was that the Dinar exchange rate was 800 for each US Dollar. At some point, due to the US involvment in the reconstruction of Iraq, the US would revalue the Dinar so that it restarts at a 1 Dinar for each 1 US Dollar. ...........................
I guess anyone that bought into that idea brought about their own disaster.
There is no effortless way to turn a little money into a lot of money. Successful investors spend a lot of time on research. They subscribe to information services. They hire smart people to work for them. They understand exactly what they are investing in and how it works.
There is no effortless way to turn a little money into a lot of money.
Unless you are the government. They turn nothing into a lot of money.
Or work for the government in certain positions. You can essentially exert less effort than a kid washing dishes for minimum wage and be set for life, including a 150K pension until you die. The rest of us "eat cake," as Marie so eloquently put it.
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