(gulp) I wasn't being that way- just mentioning what my relatives were saying to me about it, and I was wondering what other's thought. Some say its a scam, some think its for real. ops:

 

Relatives were talking about the Dinar or Iraq?
Look at the Dinar like people look at investing in the Stock Market. You expect your stock to go up but if it doesn't don't invest in that particular stock more than you can afford to lose.

 

Well, both. They tell me the Dinar will be worth more when Iraqs economy gets better- which, according to them is now (thats why they think they'll get their millions supposedly this week). But all I ever hear about is how bad it is over there, and they are trying to tell me it isn't. So yeah, my main question was does anybody know if thats true or not?(the Dinar payouts).Personally (not that it matters) I feel its more of a scam or something, but we'll see. Thats why I'm asking.

 

Canadian columnist Neil Reynolds noticed Spring's piece in Toronto's Globe and Mail:

OTTAWA -- More than U.S. troops are surging in Iraq. As the international edition of Newsweek magazine reported at year-end, the Iraqi economy is expanding at a rapid rate: "Civil war or not," writer Silvia Spring says, "Iraq has an economy and - mother of all surprises - it's doing remarkably well." Amid anarchy and savage violence, Iraq's construction industry is booming.

Retail and wholesale trade sectors are thriving. Real estate prices are soaring - up by several hundred per cent in the past couple of years. Iraqi oil production (at two million barrels a day) approaches Venezuelan production (2.4 million barrels a day) and could easily double in the next few years. On average, Iraqis earn 100 per cent more, in real terms, than they did under Saddam Hussein.

Public opinion surveys indicate that Iraqis are now, in economic expectations, at least, expansively optimistic.

Newsweek describes Iraq's economic revival as a product of "vibrancy at the grassroots." Three years ago, Iraq had 8,000 registered companies. Last year it had 34,000. Two years ago, Iraqis owned 1.4 million cellphones. Last year, they owned 7.1 million. (Iraqna, the country's leading mobile phone company, reported revenue of $333-million [U.S.] in 2005, $520-million in 2006.) Baghdad now has five times as many cars as it had before the war.

Global Insight, the economic research company, puts Iraq's GDP growth for 2005 at 17 per cent and for 2006 at 13 per cent. "The U.S. wanted to create the conditions in which small-scale enterprise could blossom," the magazine quotes Jan Randolph, head of sovereign risk at Global Insight's office in London. "In a sense, they've succeeded."

None of this lessens the horrors of the savage insurgency in the infamous Sunni Triangle. But none of it warrants suppression of Iraq's economic boom, either, yet it remains an "invisible" story, as Newsweek puts it, in most international coverage. Take unemployment as a single example. Are Iraqis underemployed? Inefficiently employed? Dangerously employed? Absolutely. But are 50 per cent of Iraqis unemployed - or indeed, as some reports have it, 70 per cent? Newsweek itself says that Iraq's unemployment rate "runs between 30 per cent and 50 per cent." Yet this kind of guesswork was disproved in mid-2005 when a comprehensive research study, using International Labour Organization definitions and standards, put Iraq's unemployment rate at 10.1 per cent.

In an assessment of Iraqi unemployment for the U.S. Congress, Rand Corporation researchers declared that bloated estimates of Iraqi unemployment were "seriously flawed," that the country possessed "an economically active, albeit poor, male citizenry." The report calculated the labour force participation rate for Iraqi men at 69 per cent. (By comparison, the rate for Canadian men is 73 per cent.) The participation rate for Iraqi women, however, was 13 per cent - a similar percentage, the report noted, "to the participation rate [for women] in all of the Arab countries of the Middle East and North Africa."

Contrary to the TV image of Iraqis men loitering around the wreckage of bombed cars, the Rand report described an enterprising people with an almost heroic work ethic. By far, it observed, most Iraqis were self-employed in private sector work, many holding more than one job. "The problem in Iraq isn't unemployment," the report said. "It's poverty."

 

Currency trading is something that can succeed for a few people, but for the general public, it's not where they should be.

I have a friend who is a retired oil man; not going to mention his name, but if you were around in the 1980's, you most likely heard his name mentioned a time or three.

Now, he has made a lot of money in trading options and commodities, but he is also very well versed in that realm of investment, has nerves of steel, and if he drops a couple million on a bad speculation, it won't hurt him. It's just not a game for the light of wallet, or the faint of heart!!!

Currency trading is much the same. Everything has to go right, and if just a few things don't pan out, you'll walk away minus your money. Now, I have a fairly decent track record as an active investor, but I'm nowhere NEAR fit for those kinds of deals!!

 

lol... :lol:

 

:evil: $7,950,000.00 Dinars for a lousy pizza!!? yew kiddin' me? :evil:

....and wtf is that?...that don't look like pepperoni. :?


:shock: INCOMING!!!!
..sxxooooOoOozzzzzzzzzzsssssssssssssssszzzz...*BROOOOOOMMMMmmmmmmm rattle.


:evil: Oh...pfffft...what the hells yer problem? That's over a block away! chickenshit. ..it's safe here. :evil:

 

I understand now . I was under the impression that it wasn't legitimate. Thanx. :wink:

 

......Not exactly a non-legitimate venture, Shykat!!....just VERY speculative, and VERY high risk.......

If you get a call from someone trying to hawk this, hang up. E-Mails are usually spam....junk mail....well, JUNK says it all!!

So, how many people got rich off of this tonight????? :P

 

Yeah, I've not heard from the relatives yet, so I am assuming they have either left the country, or everything is still ho-hum. :lol: Will be interesting to see what happens, if anything. :wink: