Why would anybody even pay a penny for the practically worthless dinar? FNL says it's because the U.S. media have failed to inform Americans about the "good news" in Iraq. It notes that Iraqi forces are now in control of 11 of its 18 provinces. Don't ask about the other seven provinces.
FNL depicts Kurdistan as a venerable paradise. "Hotels and resorts from all over the world are building locations there. Kurdistan is one of the most beautiful places in Iraq," says FNL, which conveniently forgets to mention that the last thing Kurdistan wants is to be part of Iraq.
The dinar is not traded in international currency markets at the moment, but sources tell FLN that the dollar will soon be yanked from circulation in Iraq. Get out the way when that happens. FLN predicts Iraq's dinar will follow the path of the Kuwait dinar, which was pegged at pennies on the dollar when Saddam was kicked out in the Persian Gulf War. It is now up to $3.39.
FLN foresees the Iraqi dinar equaling the dollar's value in a dozen years. That means your current $1,349 investment will be worth a million cool ones in 2021. So call now, operators are standing by. First come, first served.
Houston-based FNL scores big marks in the chutzpah department. It reinforces the point: there's a sucker born every minute. There are two consolations, if things don't work out on the dinar speculation front. First, you are stuck with a pile of handsome six-year-old currency that features an image of an ancient Babylonian ruler and a 10th century mathematician. The old dinars had Saddam’s mug on them.
Second, you can always jump into the Afghani market. Afghanistan's currency is now worth two American cents. It's bound to soar once we pull out.