Enorrste Post: G.E.T. 4/17/11 (Response to IQD Being a Scam)

Once again, as we expected, there is now a flurry of articles claiming that the investment in the IQD is a scam or that the dinar that we hold are counterfeit, or that we are dealing with unauthorized traders. We three Amigos have been expecting this sort of garbage to surface just before the RV.

Remember, the Ministry of Finance and the Central Bank of Iraq are on record from 2005 until just this last week that they will in fact raise the value of the IQD just as soon as all of the large denominated notes are withdrawn (within Iraq). Saleh of the CBI said only a few days ago that the process is now nearly complete. The CBI has asked for authorization to complete the RV from parliament just yesterday! Therefore, investing in the IQD is NOT a scam.

Second, the dinars that we all hold are not counterfeit IF they were purchased through a US Bank, from Ali, or from Ty. I cannot speak of other dinar traders on the net or from Ebay purchases. However, it is simple to enquire from your dealer whether or not he/she is licensed and request a photocopy of the license or the number of the license. It is important that all people do their own homework on this matter. All of my dinars came from either Chase bank or from Ali. Ali even offers a “certificate of authenticity” with the dinars.

Third, it is easy to go onto the internet and see the “security features” that have been embedded into the dinar bills. Compare your bills to the security features and you will know in a second whether you have bogus money or not.

In any case, it is my opinion that well over 95% of the dinars held by American investors are genuine. My only concern would be EBay purchases, since I have no idea who the “source” is.

Finally, only a few people, other than banks are authorized to trade dinars in America. This was set up this way intentionally by the Bush administration. Ali and Ty are authorized traders and have been since the very beginning. In fact Ty used to work with Ali before branching out on his own. Read above to find out how to determine if your trader is authorized.

I hope this helps dispel the garbage that is now surfacing regarding our genuine, non-scam, authorized (by Bush himself!) investment.

Steve