Jim Cramer of Mad Money Likes Iraqi Dinar
Over 5% of to days wealth has been obtained with Foreign Currency Exchange.
The Foreign Exchange market, also referred to as the “Forex” or “FX” market is the largest financial market in the world, with a daily average turnover of well over US$1 trillion — 30 times larger than the combined volume of all U.S. equity markets.
“Foreign Exchange” is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.
As the Wall Street Journal tells its readers, when U.S. forces entered Baghdad April 9, the dinar traded at about 4,000 to a dollar.(*)
Whenever U.S. personnel paid for anything in Iraq, it was in dollars, not dinars. However, the dollar’s apparent rise has gone south, as the Saddam dinar two weeks later traded at 1,800 to the dollar. To put it another way, the dollar lost more than half of its value to what surely has to be one of the weakest currencies in the world. The dinar, like the regime that printed it, was supposed to fade into history. Instead, it roared back to the point that it was even preferred, on the margin, to the mighty dollar.”
WHY INVEST IN IRAQ? READ U.S.Iraqi Dinar has nowhere to go in value but up, People are scrambling to purchase as much as they can before the value elevates beyond their reach. Presidential Order #13303 has now made it legal for U.S. citizens to invest in Iraq.
HISTORY DOES REPEAT ITSELF; MANY PEOPLE BECAME MILLIONAIRES BY PURCHASING DEUTSCH MARKS AFTER WWII, BY PURCHASING THE SOVIET RUSSIAN RUBLE, AND THE MOST PHENOMENAL OF ALL, RECENTLY THE KUWAITI DINAR AFTER THE GULF WAR. ALL YOU HAD TO DO WAS PURCHASE THOSE DEVALUED CURRENCIES AT ROCK BOTTOM PRICES AND THEN CASH THEM IN WHEN THE INDIVIDUAL COUNTRIES REGAINED ECONOMIC STABILITY.BAGHDAD IS A BEAUTIFUL CITY WITH AN ABUNDANCE OF RESTAURANTS AND BUSTLING ACTIVITY MUCH AS YOU WOULD SEE IN OUR U.S CITIES.
READ ON:
YOU HAVE HEARD ABOUT IRAQ’S OIL SUPPLY, THE SECOND LARGEST IN THE WORLD. IRAQ ALSO HAS THE LARGEST SUPPLY OF NATURAL GAS IN THE WORLD, AND…….AN ABUNDANCE OF BEAUTIFUL WATER. IRAQ ALSO HAS A RICH AND DIVERSE CULTURE IN IMPORT/EXPORT, ONE WHICH WAS GREATLY RESTRICTED UNDER SADDAM’S DICTATORSHIP. NOW IRAQ IS A FREE DEMOCRATIC SOCIETY. WHY IS LARGE AMERICAN COMPANIES BUILDING THERE?
BECAUSE HISTORY WILL REPEAT ITSELF. IRAQ WILL BE WEALTHY AND SO CAN YOU!! YOU ABSOLUTELY MUST READ THE FOLLOWING PARAGRAPHS TO UNDERSTAND WHERE IRAQ IS HEADED AND WHY YOU MUST BUY DINAR!! IT’S IN YOUR BEST INTEREST:
CHINA AND INDIA ARE CURRENTLY TWO RISING POWERS WHO ARE NEGOTIATING FOR ENERGY RESOURCES WORLDWIDE. CHINA IS A MAJOR COMPETITOR FOR DECREASING OIL SUPPLIES. THE CHINESE ARE CURRENTLY AHEAD OF ANOTHER POWERHOUSE, NAMELY INDIA. BOTH CHINA AND INDIA ARE BATTLING FOR OIL TO FEED THEIR RAPIDLY GROWING ECONOMIES.
DURING THE SUMMER OF 2005, CANADIAN COMPANY PETROKAZAKHSTAN, WHICH OWNS LOTS OF OIL IN CENTRAL ASIA, ACCEPTED A TAKE-OVER BID BY CHINA NATIONAL PETROLEUM, WHICH BEAT a 3.6 BILLION DOLLAR OFFER FROM INDIA’S OIL AND NATURAL GAS CORPORATION. INDIA WAS TOO LATE WITH A COUNTEROFFER………CHINA PUSHED THE ENVELOPE ALL THE WAY.
CHINA CURRENTLY IMPORTS ALMOST ALL OF ITS OIL. HERE’S A SCARY THOUGHT……..BY 2020, CHINA WILL CONSUME 12-14 MILLION BARRELS PER DAY, OVER DOUBLE THAT OF TODAY. INDIA WILL ESCALATE FROM A PRESENT DAY CONSUMPTION OF 1.5 MILLION BARRELS PER DAY TO POSSIBLY OVER 5 MILLION. WOW!!
HAVE YOU BOUGHT LUKOIL GAS? THOSE NEW STATIONS ARE POPPING UP EVERYWHERE. IT’S THE LARGEST OIL COMPANY IN RUSSIA WITH OVER 10 TRILLION BARRELS IN PROVEN RESERVES, FULLY INTEGRATED FROM EXPLORATION AND DRILLING TO DISTRIBUTION AND RETAIL. IT’S A NEAT LITTLE COMPANY WHOSE SHARE CAPITAL IS DOMINATED BY MINORITY STAKEHOLDERS. IT’S NOW THE WORLD’S SECOND LARGEST OIL COMPANY BY PROVEN RESERVES OF HYDROCARBONS!!!!!
IT GOES ON AND ON WITH NEW DELHI AND BEIJING NEGOTIATING WITH MOSCOW AS IT LOOKED FOR FINANCING FOR ITS 9 BILLION DOLLAR RENATIONALIZATION OF YUGANSKNEFTEGAZ, THE SUBSIDIARY OF FAILED OIL MAJOR YUKOS!! THE CHINESE LOANED THE RUSSIANS 6 BILLION DOLLARS IN RETURN FOR BARGAIN OIL SUPPLY. AMAZING WHEN YOU FIGURE HOW IRAQ WILL START TO DOMINATE, ISN’T IT?
LAST YEAR SHELL OIL SOLD AN OIL EXPLORATION BLOCK IN ANGOLA TO CHINA WHO BEAT OUT INDIA YET AGAIN. THIS ISN’T ROCKET SCIENCE FOR CHINA. AFTER ALL, ITS FINANCIAL STRENGTHS FAR OUTWEIGH THOSE OF INDIA.
BUT THERE’S A NEW ENERGY IN INDIA, A HUMAN ONE, DELHI’S PETROLEUM AND NATURAL GAS MINISTER, MANI SHANKAR AIYAR. IMPORTANTLY IT IS A FACT THAT INDIA HAS HAD A RELATIONSHIP WITH RUSSIA SINCE THE COLD WAR………APPARENTLY THE KREMLIN HAS LITTLE TRUST FOR CHINA. RUSSIA AND INDIA HAVE SOME MILITARY AND SCIENTIFIC TIES ALSO, SO DON’T GIVE UP ON INDIA.
NONETHELESS, CHINA IS A MAJOR PLAYER IN CENTRAL ASIA. KAZAKHSTAN WILL MOST LIKELY APPROACH CHINA AS THE CLOSEST AND MOST NATURAL MAJOR MARKET FOR ITS OIL. LOOK FOR A PIPELINE BETWEEN THE TWO COUNTRIES WITH CHINESE REFINERIES.
END RESULT………..WE’LL HAVE THREE COUNTRIES FULL OF NEED FIGHTING FOR OIL!!!!!!!!!!WHERE’S IT GOING TO COME FROM? DO YOU REALLY NEED TO ASK?
WELCOME BACK, IRAQ!! HELLO NEW IRAQI DINAR!! GOT SOME??
YOU’LL KICK YOURSELF IF YOU DON’T!!
WE REITERATE………..WE REPEAT……..THIS IS NOTHING NEW OR COMPLICATED. FOLLOW WHAT SO MANY WEALTHY AMERICANS HAVE DONE IN THE PAST.
THIS IS A NO BRAINER
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