Latest topics
» POOFness for JUNE 17: A FATHER'S LOVE FROM GHOULKOWSKI THE INTERNET CON-ARTIST
Today at 3:50 pm by 4-truth

» How To Make a Judge Run Out Of The Court Room, magic and curses
Today at 1:00 pm by Consciousness Of Economic

» Live: ‘Free Assange’ demonstration on WikiLeaks’ founder sixth year since asylum application
Today at 12:58 pm by PurpleSkyz

» Richard McDonald on State Citizenship (5/2/1998)
Today at 12:35 pm by Consciousness Of Economic

» Our goal, when it comes to Jerzy Babkowski, a.k.a. ZAP
Today at 12:22 pm by 4-truth

» NASA ADMITS WE NEVER WENT TO THE MOON
Today at 11:55 am by PurpleSkyz

» Carrying Stones & Digging Holes Radio Show June 16, 2018
Today at 11:45 am by Consciousness Of Economic

» Scientists Are Tapping Into Eerie 'Volcano Music' to Predict Future Eruptions
Today at 11:34 am by PurpleSkyz

» THE ANTARCTICA STRANGENESS LIST JUST BECAME EVEN STRANGER
Today at 11:31 am by PurpleSkyz

» Socialism exposed: thick lipstick on a global pig by Jon Rappoport
Today at 11:28 am by PurpleSkyz

» Footage in New Zealand shows UFO threatening witness
Today at 11:03 am by PurpleSkyz

» Flash floods wash away streets in Lake Linden, Michigan
Today at 10:59 am by PurpleSkyz

» Ugandan Bacteria used in "Vaccine Against Depression"
Today at 10:54 am by PurpleSkyz

» INSIDE FOOTAGE FREEMASON MASS MEETING & MORE
Today at 10:42 am by PurpleSkyz

» This Will Leave You Speechless! - One of The Most Eye Opening Videos
Today at 10:35 am by PurpleSkyz

» The occult archetype called vaccination By Jon Rappoport
Today at 10:25 am by MartyM

» Ley Lines- The “KEY” to Unlocking the Matrix
Today at 10:24 am by PurpleSkyz

» Kp Message 6-18-18… “Really? When I ‘voted’ for ‘The Alliance’, I signed up for THIS?”
Today at 10:18 am by PurpleSkyz

» Leaked Image of Barack Obama Dressed as Satan Goes Viral??
Today at 10:12 am by terbo56

» Ken O'Keefe - Can we Abolish the Federal Reserve?
Today at 10:03 am by PurpleSkyz

» YAFTV - TRUMP: Space Force, Spy Gate, IG-FAIL, Pedo-Elites Toast #CRICKETS
Today at 10:01 am by PurpleSkyz

» Trump Behind The Scenes The Critical Post Chicago Report
Today at 9:59 am by PurpleSkyz

» UFO News ~ High Speed Horseshoe UFO Filmed Over France plus MORE
Today at 9:54 am by PurpleSkyz

» Empty inside - Jun 17, 2018 Stonehenge crop circle
Today at 9:45 am by PurpleSkyz

» Should we draw a conclusion ?
Yesterday at 9:38 pm by PurpleSkyz

» Fundraiser by Kalia Gregory - CBD skin care
Yesterday at 9:18 pm by PurpleSkyz

» State of Emergency Declared In Papua New Guinea, Rioters Torch Plane
Yesterday at 7:31 pm by PurpleSkyz

» New Copyright Law Could Make Current and Future Internet Memes Illegal to Share
Yesterday at 7:29 pm by PurpleSkyz

» Daytime fireball SOARS through sky on radar - 8+ inches of rain coming - Strange seismos
Yesterday at 7:25 pm by PurpleSkyz


You are not connected. Please login or register

Out Of Mind » DINARIAN SCAMTASTIC NEWS » RV/GCR, GURU CHATTER & NESARA INFO » Inside The Dubious Dinar Revaluation Ruse

Inside The Dubious Dinar Revaluation Ruse

Go down  Message [Page 1 of 1]

1 Inside The Dubious Dinar Revaluation Ruse on Sat Sep 07, 2013 2:01 pm

PurpleSkyz

avatar
Admin
Inside The Dubious Dinar Revaluation Ruse

6 comments, 1 called-out
Comment Now
Follow Comments
As followers of the Iraqi dinar know, there are a lot of “updates” out there on the various websites that either sell or track the troubled currency.
Most of this “news” is much ado about nothing.
Iraq is on the precipice of a civil war with some 5,000 victims this year alone. It doesn’t appear that the country’s woes — partially unleashed by the disastrous American-led war — will be resolved anytime soon.

Dinar-Like Dreams Can Be Nightmarish John Wasik Contributor

Dinar Deception Driven By False Hopes John Wasik Contributor

In the interim, untold millions have been spent on speculating in the country’s currency, which is not traded on any legitimate foreign exchange and is worth a fraction of a dollar.
The currency is so unpopular that many Iraqis prefer the buck. But that hasn’t stopped a plethora of internet-based “dealers” from selling the dinar as fodder in a get-rich-quick scheme.
The ruse is simple: Get dinar buyers to believe that the currency will be favorably revalued soon so they can sell their dinars at a huge profit.
While that may happen, it’s highly unlikely given the current political and economic situation. No U.S. bank will handle the dinar while dealers reap huge commissions and mark-ups.
Yet rumors continue to feed this market the way a stoker feeds a coal-fired boiler.
The latest rumor is that the Wells Fargo WFC -0.93% bank is setting up some kind of mechanism to buy the currency. I heard the rumor last year and it’s since resurfaced. But the bank wants nothing to do with the currency. Here’s a statement they sent me when I inquired (an email directly from Kate Ellis in Wells Fargo corporate communications):
“Wells Fargo does not currently buy or sell Iraqi dinar and has no plans to do so in the future. When we provide banknote services to customers, it is generally for travel related purposes and we do not foresee a high number of customers traveling to Iraq for business or leisure purposes in the near future.
What was the origin of this rumor? Whoever spread it was desperate to signal that a legitimate regulated entity was getting involved in the dinar trade, which, thus far, has been completely unregulated and beyond the reach of bank watchdogs.
Keeping the Dinar Flame Flickering

It’s clear that by ginning up news about the dinar, the myriad websites that are pushing dinars are trying to keep hopes up for the untold thousands who bought the currency.
One of the ways the dealers keep the flame burning for the beleaguered currency is through “conference calls” where so-called “experts” report on developments on the revaluation front. When you google “dinar conference calls,” you get more than 60,000 hits. I get several alerts a day from sites claiming to have dinar “news.”
One reader who contacted me (and asked to remain anonymous) looked into it further:
“My friend’s brother gave him dinars, motivating us to start researching.  We looked at the likelihood of a revaluation, then started looking at what is motivating them (the dinar site operators)…Many of them do not appear to be selling dinar on their sites.  Plus, the only way they can make money on the difference is if there is a way to exchange. As you know, the only way to exchange is to fly over there (Iraq) with boxes of dinars, trade them for a box of U.S. dollars, and hope you make it back alive. Another way we thought they are making money is by pretending to sell the dinars.  From what we can tell, everybody who has purchased dinars has received the currency. The only way we’ve been able to determine how money is being made is the free conference calls.  I estimate the dealers are making at least $2,500 per day per conference call.”


Thanks to: http://www.forbes.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum