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Originally Posted by Useless
Originally Posted by shyykatt
I understand now . I was under the impression that it wasn't legitimate. Thanx. :wink:
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 |
Thats the old stuff right?(w/Sadummys pic)
Its a collectible now right? :D |
the Old Dinar was Supposed to be turned in for new. Taking currency out of Iraq is Illegal.
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Hi, Shyykatt!!
There are any number of reasons why this type of investment is inappropriate for the vast majority of people. BTW, not meaning to brag, but I have been Blessed with a considerable degree of financial success in life. The reason that I make a point of that is not to brag, but because those types of investment vehicles are not even right for ME!! The downside of these types of schemes is that they are usually presented to potential clients as being a sure fire thing. That should be your first red flag; once you hear that, hang up the phone. In the options and commodities markets, about 20% of the investors win, and the other 80% lose. In currency trading, the margins of success are even slimmer. So, why would anyone even do it??? Because even one win can provide an extraordinary payout!! What you must remember, though, is that the investors who come out on top are very well studied, and very well versed in those venues of investment. They know the markets, they know who to deal with, and who to stay away from, and they tend to have strong backgrounds not only in economics, but in geo-political affairs as well. So, it would be a misnomer to call the idea of commodities trading, or currency trading a "scam". At the same time, if someone calls you wanting to offer such an opportunity, you should view THEIR actions, proposals, and promises as a scam. The ONLY time someone should consider this type of venture is if he/she can afford to literally flush their money down the toilet. Unless you are VERY well read, and versed, or just extraordinarily lucky, don't even consider getting into this. Seriously, you'd fair higher odds going to the casinos, and you'd have more fun, too!!!! I was a bit disturbed to hear you make mention of your parents involvement here. Hopefully, this won't hurt them. At the same time, Senior Citizens with limited financial resources are frequently targeted for these types of scams, with promises of enormous returns.Considering how much many of them spend on prescription medication, as well as things like increased monthly utility bills, property taxes, and low returns on "safe" investments, many of them are extremely vulnerable to falling prey to these monetary predators!! They are often urged to cash in C.D.'s liquidate other financial resources, run up a credit card balances, or even take out a second mortgage on their homes!! I hope that your parents will be okay; from what I am gathering from your postings, it does not sound like they placed a lot of money at risk. Hope this helps!! Peace, Useless |
Just curiouse, how long were you there for/what did you do? My brother is leaving for Iraq in about a month- kinda scary.
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Originally Posted by shyykatt
Just curiouse, how long were you there for/what did you do? My brother is leaving for Iraq in about a month- kinda scary.
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Thank U for the info Useless; It's not my parents though, its actually some in-laws that are doing this. I'm not 'in' on it at all (too poor!) :D
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Originally Posted by yoopr
All I know is that when I smuggled my Dinar out of Iraq it was kinda highly Illegal.
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Dinar.
From what I gather, it was Roasted Camel under Glass, paprika potatoes, and goat milk. |
Originally Posted by Twilight Flyer
Dinar.
From what I gather, it was Roasted Camel under Glass, paprika potatoes, and goat milk. |
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