Thread: The Iraqi Dinar
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Old 08-04-2004, 01:32 PM   #5
AaronSJ
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Join Date: Oct 2001
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The owner of the original site is an "Internet Marketer" who cannot even figure out the difference between "it's" and "its", let alone speculate on foreign currency.

If you want a more educated opinon on the Iraqi Dinar, here's one:

"The only thing the Iraqi dinar is likely to hit is a wall," said Steve H. Hanke, professor of applied economics at the Johns Hopkins University and an international authority on currencies and a currency trader.

He said he has been bombarded in recent months with e-mails from people -- many of them contractors or soldiers in Iraq -- seeking his advice on what the dinar will do. For a while, he replied with polite discouragement, but the volume grew too great to bother.

It's impossible to predict the dinar's course with certainty, Hanke said. But the most likely outcome is that a new Iraqi government, faced with crushing debt and ballooning demands, will finance the budget the old-fashioned way: by printing money. That would threaten the currency with collapse, he said.
- http://www.iraq.net/News-article-sid...de-thread.html


It's a bit like investing in penny stocks - all they have to do is increase in value by a few cents and you'll double your money. So why don't more people invest??? Because most don't increase in value...
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