Presidential Order 13303 allows US Citizens to invest in the New Iraq. Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen. In fact, you can pick up Iraq Money at your local bank here in the US.
The Iraqi Dinar is a BIG risk and you are gambling that the government in Iraq will pull together and start profiting from its rich oil resources.
I know a brother who spent $1,200.00 for Iraqi Dinars, which came to over One Million Dinars. The word around is that Japan started investing in Iraq, and some say the Iraqi Dinar will rise to over twice the value of an American Dollar. That means my friend will have over 2 million dollars.
Anyone heard of this?
Aside from Christian Zionists being abhorred at such thought of supporting the enemy of Israel, I saw websites that claim it is a gigantic risk, since inflation has been ruining the Dinar despite the actual difference in its value compared to the US dollar five years ago and how it rose in comparison today.
__________________ ...MY THOUGHTS, ANYWAY.
"Many Christians do not try to understand what was written in a verse in the Bible. Instead they approach the passage to prove what they already believe."
that cheep and snarky shot at "christian zionists" not withstanding... and you ought to be spanked for it....
I dont know that I would invest in Iraqi money. There are too many very wierd varibles to get that to work. and I dont know if there is any truth to emails about Japan investing there.
currency trading is very volitile.
__________________ If I do something stupid blame the Lortab!
that cheep and snarky shot at "christian zionists" not withstanding... and you ought to be spanked for it....
I dont know that I would invest in Iraqi money. There are too many very wierd varibles to get that to work. and I dont know if there is any truth to emails about Japan investing there.
currency trading is very volitile.
You don't need to invest a lot. Spend a hundred bucks (or less) and see what happens. It COULD make enough to pay for a nice vacation.
that cheep and snarky shot at "christian zionists" not withstanding... and you ought to be spanked for it....
It's true. Some Christian Zionists actually got upset at my brother for this very thing. I intended no cheap shot. I only said it in case someone DID make that same argument here. lol
Quote:
I dont know that I would invest in Iraqi money. There are too many very wierd varibles to get that to work. and I dont know if there is any truth to emails about Japan investing there.
currency trading is very volitile.
I agree. But the place HAS OIL. And someone is going to do for it soon!
__________________ ...MY THOUGHTS, ANYWAY.
"Many Christians do not try to understand what was written in a verse in the Bible. Instead they approach the passage to prove what they already believe."
Petro-Powers to Launch Gulfo Currency
Written by The Daily Bell
Friday, 18 December 2009 06:46
"The Gulf monetary union pact has come into effect," said Kuwait's finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait. The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40% of the world's proven oil reserves, and financial clout equal to that of China. Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank.
The Emirates are staying out for now - irked that the bank will be located in Riyadh at the insistence of Saudi King Abdullah rather than in Abu Dhabi. They are expected join later, along with Oman. The Gulf states remain divided over the wisdom of anchoring their economies to the US dollar. The Gulf currency - dubbed "Gulfo" - is likely to track a global exchange basket and may ultimately float as a regional reserve currency in its own right.
"The US dollar has failed. We need to delink," said Nahed Taher, chief executive of Bahrain's Gulf One Investment Bank. - Telegraph
You know, everyone mocked the euro when it came out, it was 1/1 to the dollar. Now it is 1 euro to 1.48 dollars. I wonder who is mocking now?
The yen is stronger than the dollar.
I have considered silver, either in bullion or coins. Down in mexico you can buy a silver coin in hardware stores.
If I were to invest in a commodity it would be Coltan. Maybe Palladium. Neither of which are speculator bait like gold. Its not a emotional buy but a market driven buy.
Finite quantity and necessary for many modern communications technologies like cell phones.
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