Chevy Chase line from his Saturday Night Live days, " And in other news, Generalissimo Francisco Franco is still dead. These unnamed Powers-That-Be (i.e., the Rothschilds, Bildeburgers, Freemasons, Moose Lodge #416, and some would say Pauly Shore too) have decided that although Iraq is overrun with terrorists, has lost much of its Mosul oilfields to whoever, and whose army spends its time figuring out how. The Iraqi Dinar is as far from an upwards re-valuation as ever - you might as well wish for Jack's Magic Beanstock to take the Dinar upwards. Update Well, here we are again folks! Prior to the 2008 financial crisis, it was very common to short the Japanese yen (JPY) and buy British pounds (GBP) because the interest rate differential was very large. Update 30 September 2013 A reader wrote me with a couple of questions: Q: If it is a scam, why are their no prosecutions? (2) There are no signs that the Dinar will ever massively appreciate.
Dollar, but it just didn't happened. Yes, I know this has been written about before.
The Iraq government announced an expected 23 Trillion dinar deficit just for 2015, and the country is still a mess with isis holding onto large swaths or real estate, including Mosul and the nearby oilfields and refineries - the latter of which have apparently been. The good news is that those bails will substantially decrease in size - but they won't increase in value. Update I really didn't intend to update for a while, and then somebody sent me an e-mail that said basically, "You're all wrong! By contrast, Iraq's bitcoins verkopen hoe werkt het government is new and whether it survives is anybody's guess. What happened in April? So, why is this a scam? A: Many scams operate for many years without prosecutions - Bernie Madoff got away with it for a couple of decades - and the Sequester has substantially limited new investigations and prosecutions. Heck, even Charles Ponzi is coming back from the dead to pay off. (4) Self-Annointed "Dinar Guru" Blanche Bonet put out this "amazingly" list of Iraqi Dinar "experts" who predicted that the Dinar was about to soar in value. . For example, imagine that a company plans to sell.S.-made blenders in Europe when the exchange rate between the euro and the dollar (EUR/USD) is 1 to 1 at parity.
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