Iraqi Dinar Discussion Board

[Mr. Bill]

BulldogFord65 : If I may weigh in on Nova's comments with my personal opinion, my understanding of what Nova said last night is to take care how much we exchange into USD.
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I believe we all know what the people we keep sending to Washington are doing with our USD -- they are driving the actual value out of it with reckless printing, artificial interest rates, dangerous monetary policies, addiction to spending on credit and suffocating debt.

The USD is a fiat currency, the actual value is far less than the exchange rate. Do we see anything to indicate this behavior will change?

Even if we the people clean house and exchange our government, we will still have a sick USD that will need time to recover. In this way, the USD is a dinosaur.

Global conditions are becoming increasingly adverse to the USD, and without systemic change and decades of discipline, the USD may become extinct.

So, is the USD a good investment? We each need to evaluate our individual circumstances, consult with our financial professionals and take it to our Father in Heaven in prayer.

To put it in an example, if I have $10,000 to invest in a business venture, would it be wise to invest in a company that makes VCR's or a company that makes DVD players?

While most of us probably have a VCR in our homes, we all know they are becoming extinct. Think vinyl record, 8-track tape, cassette tape.... We all have USD's, but that does not automatically make the USD a wise investment for the future.

If I may share a personal perspective, I am not thinking about "exchanging" my currency -- I am thinking about what am I "buying" with my currency. While this may be splitting hairs, when I think of exchanging, it's a conversion, one currency for another.

When I think of a purchase -- for what am I giving up my currency -- my thoughts shift. Absolutely I will buy USD's with my IQD to become debt free. Our banks settle in USD, I must pay in USD. However, beyond what I need to become debt free, how much more USD do I really want to buy?

If I believe that the IQD will increase in value or remain stable in value over the coming months or years, and I believe the USD will decline in value, why would I purchase USD?

Would it not make sense to hold the IQD or diversify into other currencies whose value is increasing, or at least remaining stable with actual rate that reflects its asset backing? Why would I want to buy more USD than I need to pay off my debts and have a reasonable amount for daily expenses and emergency?

If you have 500,000 IQD and you only need to buy 50,000 IQD-worth of USD to be debt free and have a reasonable bank account for daily expenses, why spend the remaining 450,000 IQD buying USD?

Why buy something that is declining in value? Why invest in a dinosaur? I believe this is the question that we each need to consider.

Our personal circumstances are different, and our strategies will need to fit our personal needs, but before using all of our IQD to buy USD, we need to give serious thought.

If you have 6 months left on your mortgage or car payment, does it make sense to keep paying out of your salary and save that IQD as it climbs in value? Maybe so. If you are one house payment away from defaulting, does it make sense to buy USD and pay off your mortgage, probably so.

We each just need to think carefully about what are we giving up, buying, exchanging our IQD for, and it is the best use of our investment long term. BulldogFord65

http://www.dinarrecaps.com/our-blog/thoughts-from-bulldogford65-and-ktfa-members-tuesday-pm