Iraqi Dinar Scam

Dinar Scam Part1

An in depth explanation of how it works and how to avoid falling for it.

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20 Responses

  1. Ben Otto May 30, 2014 / 3:20 am

    Like many here, I'm a dinar investor, and I'm pretty shocked at the inability of other commenters to even listen to what this guy has to say. I actually applaud him for teaching me something new about markets that I actually know very little about. Now is he right? We'll see. But to attack him because you no likey what he saying is lame, and reflects your inability to handle opinions that differ from yours. He's got great points that are worth paying attention to in weighing the risks of the dinar investment. Even if it makes you a little uncomfortable. That's the way of investing, folks. Lambasting him for giving you doubt regarding an investment that you probably know very little about is foolish.

    I've chosen to accept the risks of this hard currency investment, but I'm not afraid to know what those risks are either. Shame on you all for your simple thinking and attacking this man for trying to share his opinion, in an effort to help you.

    I, for one, am grateful for his efforts.

  2. maria cornwallis July 28, 2014 / 8:28 pm

    Iraq now has a new Prime Minister, a new President and 2 new Vice Presidents, Sunnis, Shias and Kurds. Everybody working together in a new stable government….. The Governor of the Central Bank of Iraq has always said that when Iraq gains a good, stable democratic government he will increase the value of the dinar. I don't care what the creep in the picture above says, I'm nearly at the point to wipe that annoying fucking smile off his face 

  3. Johnny Franco August 23, 2014 / 3:07 pm

    Dinars are purchase by Wall Mall $1.02 USD to 1,000,000Irack Dinars!! The cheapesr shit paper of the Future

  4. OP RW November 6, 2014 / 4:03 pm

    Its november and still no rv. I bet 5 years from now it still wont have happend.

  5. Felipe Clark December 18, 2014 / 8:11 pm

    this man is clueless as to what is going on in Iraq, the IMF, the CBI and within Parliament, the current laws that have been passed, AND the fact that there have been "privileged" people being exchanged for their Dinar for the past year and more so in the past 2 months at the new rate of $3.58. Can wait for this fool to eat crow so I can ram some crow into his annoying smiling mouth….very soon!

  6. Poppabear Mark December 18, 2014 / 8:11 pm


  7. Poppabear Mark December 18, 2014 / 8:21 pm

    you are a reel dumb fuck

  8. mrgalikanookis January 18, 2015 / 6:19 pm

    Yeah this guy is completely unaware of what is happening in Iraq.. I agree some dealers are making a premium, but the Dinar is worth way more than a thousandth of a cent.. 

  9. playinhard January 25, 2015 / 1:11 am

    If it weren't so tragic, the dinar scam would actually be comedic! Truly amazing how so many Americans remain so profoundly gullible in this day and age, but it just goes to show that for every common grifter, there are 100 greed-driven imbeciles who will fall for their scam. :)

  10. playinhard January 25, 2015 / 5:12 pm

    Another read for those gullible enough to even consider the well known Iraqi Dinar Scam:

    Don’t Be Fooled By the Iraqi Dinar Scam
    Currency trading? Legitimate investment. And that's what Iraqi dinar scammers hang their hat on to bleed you dry.
    Jun 3, 2014, 1:45 pm EST  |  By John Jagerson, Editor, SlingShot Trader
        View All  

    Don’t Be Fooled By the Iraqi Dinar Scam
    I was first introduced to the Iraqi dinar scam by a friend of mine who asked me if it was a good investment several years ago. And I’m amazed to see how long it has persisted, not to mention how active the scam is today.
    Source: ©
    The Iraqi dinar scam disproportionately makes victims of people who don’t have money to lose — including returning servicemen and women — and that’s why I’m passionate about speaking out against it.
    How the Iraqi Dinar Scam Works
    The scam is basically perpetrated by dinar currency dealers, who work through “promoters” on message boards and through church and social groups to sell physical dinar currency. They promise that the dinar, which currently trades at about 1,200 to the U.S. dollar, will soon be “revalued” to a much higher rate. They usually promise returns of several thousand percent when you buy dinar.
    Cheated: How America Loses Billions to Fraud Every Year

    The dealers get away with it because as long as you are not directly promoting the dinar as an investment, the dealers can sell it without it being a registered/regulated security.
    The promoters get away with what they do because, as long as you are not selling the dinar, you can pretty much say anything you want about it.
    The connections between the dealers and the promoters are usually hidden behind false names and corporate shells.
    7 Bulletproof Stocks to Buy Now: No matter how choppy this market gets, these blue chips will offer double-digit growth AND sleep-well-at-night safety. Get their names (and buy prices!) here.
    For example, there is a large dealer here in my local area owned by the wife of a popular dinar promoter who goes by an online pseudonym. Hidden relationships like this are more common in this scam than you might think. Very few have been shut down by the FTC or SEC, and I expect that will remain the case in the future.
    Why Is This a Scam?
    The underlying premises used by the dealers/promoters to convince inexperienced currency traders that this is a “sure thing” are relatively easy to refute, but victims have to be willing to confirm the facts for themselves.
    Here is a brief summary of the lies told by the scammers and why they aren’t true:
    Currencies are not stocks: Scammers suggest that because Iraq sits on one of the world’s largest (and easiest-to-access) oil reserves, the dinar will appreciate as they export this commodity. If Iraq were a company and the dinar was a stock this would be true, however, oil exporters work very hard to prevent their currencies from appreciating. There is even an economic problem called “Dutch disease” that describes what happens when a commodity exporter’s currency appreciates in value. The bottom line is that Iraq doesn’t want an appreciating currency because it wouldn’t do the country any good. Iraq wants economic growth, not currency growth. If oil exports increased the value of a currency, why don’t other exporters experience appreciation? Much more often they experience the opposite: devaluation.
    You can’t do business internationally with a low exchange rate: The argument that a country can’t do business if its base currency (the dinar) is only worth a fraction of a U.S. penny is a common but absurd argument. In the modern global economy, the decimal place in an exchange rate doesn’t matter. If it did, how could South Korea, Indonesia, Madagascar, or Vietnam be such large exporters of consumer goods? You don’t need to look farther than the tag on your shirt to confirm that each of these exporters, with currency exchange rates lower than the dinar, don’t have any problems exporting goods.

  11. playinhard January 25, 2015 / 5:48 pm

    And from but a few days ago, here is a good clip from a few days ago that introduces a few of the common grifters associated with this by now well known scam… 🙂

  12. Scott Prime July 21, 2015 / 4:54 pm

    Don't Listen to this Steve I Guy on Peoples Dinar…He claims to have sources…And some clown named Ray?   He Said 4 times in 24(2013 to 2015) months that "It would ABSOLUTELY POSITIVELY REVALUE!"   It never did !!!!  He has become very quiet after The Atlanta Stings and lets other Idiots like Millionday talk everyday!   IT'S A SCAM!

  13. gljay December 1, 2015 / 11:59 pm

    I just had to save this in my favorites just so I could go back and laugh at this cluck and the clucks in the comments that were wrong. This will be a huge I told you so! Go rv!! 💰💲

  14. Robert Mergupis December 12, 2015 / 1:16 am

    Wrong it was always worth more even before Saddam, no need to watch any more LOL

  15. gljay December 15, 2015 / 2:45 am

    Can't wait until this guy gets the smirk wiped off his face and is forced to delete this video to hide his face.

  16. Philip Titlton January 14, 2016 / 7:46 pm

    belief in the devil must be easy. but om mu goodness dont believe God can bless.

  17. Matt W. February 1, 2016 / 9:50 am

    Truth hurts. Thumbs up John! Good Work!

  18. old bum July 6, 2016 / 11:04 am

    I am going to sell my house this summer and with the $220K I receive I will invest it all into the Iraqi Dinar. Thumbs up !!! Yeee hoooooooo!

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