Iraqi Dinar Investment

      The Iraqi Dinar is Iraq's currency. Iraq has printed new currency for their country. The interest in the currency is growing at a rapid rate. The United States owns this currency. The speculation is that when Iraq has a new government in place and seated, then the Dinar will revalue. It almost seems certain that this will happen making instant millionaires over night. The way it stands right now you can buy 1170 dinar for $1.00 U.S. dollar. You can buy dinar from many places. Dinar Trade seems to be the place of choice. I do know that you can buy it from some banks here in the U.S. When this does RV(Revalue) You should be able to cash in with certain banks. Maybe all banks as it will be an internationally traded currency. If you have 250,000 dinar which will cost you about $400.00 U.S. dollars then if or when it does R.V. lets say Iraq makes their currency worth $4.00 to every 1 U.S. dollar. You sale them back with whatever the spread is that your bank charges to transfer and costs. You will have made about $950,000 U.S. dollars off of a $400.00 dollar investment. Not bad at all. If it go's up twenty cents you still made good money.

      This is where it get's to the down side of the investment. The r.v. can't happen until the government is completed and voted in. There must be a completed budget, and maybe a few more loose ends. However the government has been mostly formed for a little over 8 months now. They have a person with dictator views as Prime Minister. It was said that there was a vote to form this said government. P.M. Maliki ran against Mr. Alawii for Prime Minister of Iraq. The people got their first glimpse of democracy ever. They came out in masses and voted. The election was very close, but it was clear Mr. Alawii had won the election. He was not placed as Prime Minister though. Mr. Miliki was appointed as prime minister of Iraq, and the journey has come all the way to today. A little over 8 months now and they have taken multiple 2 week breaks, and always when it seems to get close to getting things done Mr. Miliki calls for a break of some sort. While on this break all you read is headlines of how Mr. Miliki is trying to posture for more power and control. Seems as if the supreme court is even in his pocket. They recently voted to put Mr. Miliki over all of the funds of Iraq. Conveniently while parliament was out on one of those 2 week breaks.

      Well Parliament came back into session today. They where in an uproar about the supreme courts ruling. Now parliament has to overturn the decision, and most likely reform a new supreme court that is not partial to the prime minister's power. That is the whole point. Miliki is trying to form another form of dictatorship. The point of all of this is there has been nothing but delays, and indecisiveness. All this while the people are eating out of the garbage cans in the streets. Limited, to no electricity usage. There are multiple recent articles going around about this and will be many more to come as it seems they are having to deal with more delays. Many think they are taking a page right from American Democracy. Greed, Lies, and now near bankruptcy. The difference between America and Iraq is they own 75% of the worlds oil now. Massive oil reserves are being found everyday in Iraq. A barrel of oil coming from there is $86.00 a barrel right now, and that is down from $100.00 dollars a barrel for the past month. Iraq is in control of what happens at this point. They have shown they do not care about their own people so they do not care about the rest of the world.

      An r.v. would change the world. Economies would be boosted around the world. All world governments are invested heavily in the dinar. The real question is will they r.v. in time. China has called their loan on the dept they have been buying of ours. That is what the Chinese Leader was here for last week. America does not have the money to pay the loan. This is where it gets way over my head, but it seems as though their could be a heavy deflation of our currency, and we will see gold and silver skyrocket. That will be very bad for our economy. Right now there is a dinner being formed for an emergency meeting of the present and former heads of the treasury. I suspect it is about this deflation of the U.S. dollar. Iraq has had plenty of time to get this done, yet they still haven't. Now we are seeing Iraqi people loosing confidence in their new government. They are starting to have demonstrations in the streets,much like the Egyptian fall out we are seeing now. If this gets out of hand in Iraq like in Egypt we could very well see any investments go away as Iraq's government will have to be completely reformed if possible.

      One would think with the investment that America has put into Iraq and the lives lost that we could maybe step in and see this formation of a democratic government to it's completion. Not do it for them, but help them resolve these issues they are having with their unelected prime minister. I for one would hate to see all the effort and lives lost in the middle east to be in vain. The seating of the Iraqi Government will calm everything down over there. Even in Egypt. People will see democracy at work and we would see a calming in the middle east and the world Economy once an R.V. takes place.  

Author,

Richard Mccaa