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Wall Street Daily article discussing why people should avoid investing in...
1. The Iraqi Dinar - discussed here at RealScam
2. Egyption Pound
3. BitCoin - discussed here at RealScam
Link to article:
Three Currency Scams to Avoid at All Costs | Wall Street Daily
Thanks JTMT that was a good article. I am really interested to see how Bitcoin shakes out. It seems a catch 22, to succeed big time it will need to be mainstream (IMO) and that would detract from the very thing that draws people to BC.Quote:
Originally Posted by JustTooMuchTime
Sort of funny on Egypt, I had been tracking their market via EGPT trading as an exchange traded fund. If memory serves it bottomed a day or two before the coup and has been on quite a tear since. The day of it was up 5%, and I thought missed it. LOL Getting rich is never as easy as the crooks make it seem, save perhaps in hindsight.
There was a good link off that article for would be currency traders. CFTC/NASAA Investor Alert: Foreign Exchange Currency Fraud - NASAA
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Found this over on Quatloos last night, LightinDarkness has a perfect conclusion.
Screen Shot from participant in a Dinar forum:
" I went to the bank this afternoon after the Tony call to do some banking. It was very eye opening. I’ll just tell you what was said and then my OPTION A contemplative response view and my OPTION B contemplative response view. Please share your thoughts sense we are all in this together.
BACKSTORY
This is a Wells Fargo business banker I have had an ongoing relationship with in handling ministry and personal accounts. I’ve been for the past two months picking his brain and slowly testing the waters by sharing things with him about the Dinar and the Dong.
This particular Wells Fargo branch is not a minor branch, but a “premier main branch” I think is how they refer to it. In any case he pulled me aside today and told me he and every employee at the bank received an email message on their computers on Monday. He said that everyone at the bank was puzzled as they talked about it. Here is basically what he said to me about the contents of the email
“Everyone here at the bank received an email notification in the system that told us to prepare yourself. We are expecting a rush of people coming into the bank beginning this week to do currency exchanges for U.S. dollars with the Dinar and Dong. Wells Fargo will not being doing any exchanges of these two currencies. Also you are not to advise or give any opinion to customers if they ask you if this was a good or bad investment”
POINT #1
He looked at me with a surprising look because last week I told him that most bank personnel including managers wouldn’t know anything about the currency exchange or re-evaluation until the higher ups give out that information. Remember everyone; Tony has been talking about this. I’m so glad that I was prepared with this information beforehand thanks to Tony.
POINT #2
I asked him did the email contain instructions to bank employees about the 800 numbers and pamphlets to be given out to customers when they ask about cashing out, so that they are directed to the call centers? Remember this was another thing that we have been told. He told me that nothing like that was in the email. I asked him if management had maybe told him and the staff? He said so far nothing has been said by management about any 800 numbers, pamphlets or referring people to call centers.
I WAS SURPRISED & SHOCKED !
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Quote from LightinDarkness
You know whats most hilarious/sad about this is that its clear whats happened here: Wells Fargo has been harassed by dinarians for years, and they know that every new year all the pumpers like Tony tell them the RV has occurred (again) and masses of idiots go to try to cash in the RV. Clearly, the bank is just warning them about this since THEY DON'T EXCHANGE THE DINAR.
Yet somehow, some way, this is turned into a positive story that the RV will be occurring next week. The sheer stupidity it takes for dinarians to read that story and think its proof of the RV is amazing, if anything its the exact opposite.
LightinDarkness
Admiral of the Quatloosian Seas
Posts: 424
Joined: Mon Oct 01, 2012 4:40 pm
http://www.quatloos.com/Q-Forum/view...=dinar#p164988