Dinar Detonation

Jason says he inherited money from his family, but the money was invested in the Iraqi dinar. Dave blows his lid as he explains to Jason why money invested this way might as well be dead in the desert.

QUESTION: Jason in Nashville says he inherited money from his family, but the money was invested in the Iraqi dinar. Dave blows his lid as he explains to Jason why money invested this way might as well be dead in the desert.

ANSWER: That’s just gross! I hope they didn’t invest all the money they have. It’s not going to come around, so get the money out as fast as you can! This is suicide. It’s the dumbest thing on the planet!

You say it’s around $15,000 they put in. They very likely have lost $15,000. It’s like they just threw it out the window, lit it on fire, and laid it in the middle of the interstate. That’s how dumb this is. Let me explain to you why.

The value of currency is only as valuable as compared to another currency. In other words, the dollar compared to the yen or the euro. A currency is only as good and stable as the country is politically. You have a war-torn country that barely has its government’s feet under it, and you are trading in its currency.

I’m telling you, you have more chance of making money doing a double backflip into the middle of a roulette wheel in Vegas and missing the wheel. It’s a complete scam. Do not put money in currency, period—not the Mexican peso or the Japanese yen. But for goodness sake, don’t put it into a country’s currency where the country is unstable.

If this thing turns up on its head and the little guy wearing the hat is no longer in charge, this thing is worth zero! I’m afraid they’ll never get their money out. They’ve been scammed.

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