InvestorsHub Logo

Aerospace

06/26/09 2:31 PM

#20132 RE: Marcelno #20131

LOLOLOL.... that's the same Boston Globe article that had these statements.... wonder why the dinar pumper didn't include these...
http://www.bostonmagazine.com/articles/a_fistful_of_dinars/
Jeffrey Frankel, a Harvard economics professor

To critics, the fact that the dinar’s resale value relies on the enthusiasm of other speculators makes it little more than a collectible—or worse, the central element in an elaborate pyramid scheme. Jeffrey Frankel, a Harvard economics professor, calls the activity “pretend currency trading.” “I’ve received a large number of e-mails from people saying, ‘I understand you’re an expert on Iraq. Do you have any views? Can you advise me?’” he says. “I get the feeling that all these people doing this shouldn’t be. They’re little people, they don’t know what they’re doing, and they’re going to lose a lot of money.”


I like the quote from the dinar dealer in last paragraph.

Then, as he stands to see me to the door, Canavan perks up again. Lately, he says, he’s been looking into a new business venture, one that promises to be quite interesting. If the zero lop does happen, investors across the United States will be looking to cut their losses—there will be “pandemonium,” a “mad scramble” to get billions of dinars back to Baghdad. It’ll be difficult work, chaotic, fraught with danger and uncertainty. Canavan is confident that he’d be the man for the job.

realest

06/26/09 2:57 PM

#20134 RE: Marcelno #20131

If the Don invested in this, i'm screwed. Everything he touches turns to crap LOL.