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For the record Dax Shepard, who wrote, directed and stars in, "Hit and Run" thinks the IQD investment is absurd. Here's the section of a recent interview where he talks about how some jokes don't work: DS: And some of them, look, they don’t land, and I just stick with them. There was a big section of this that I did cut out. I assumed more people would know about it than did. It was Iraqi Dinar joke,. The guy I race my off-road car with, the navigator is this 50-year-old guy who has bought so much Iraqi Dinar currency, and he really believes it’s going to become worth billions of dollars. I’ve been pitched so many times, the endless potential of a Iraqi Dinar, it’s so absurd to me that people believe this, and so I wrote all of these Iraqi Dinar jokes. http://webcache.googleusercontent.com/search?q=cache:J4UdVEVEJtUJ:www.aintitcool.com/node/57749+Dax+Shepard+dinar&cd=1&hl=en&ct=clnk&gl=us
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Excellent ideas and advice Adam. I appreciate you taking the time to pass along this information - it's very helpful. All the best, Manhattan
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Thank you Mark, that was very helpful and much appreciated. You are a true asset to the board. All the best, Manhattan
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Thanks for the response. The amount given each person would depend on the infamous cash-in rate of the Iraqi Dinar. And not knowing that, I don't have a number. As far as what they do with the cash… I would prefer it be for anything that adds to building a foundation in their life - education, business ideals, real estate, etc. Their parents would be more than happy to police that for them, if necessary.
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This has inspired a few questions for me… I plan on giving each of my nieces and nephews a cash gift after the dust settles and I've paid my taxes after the RV. The reason for the delay is due to not knowing the rate which will affect how much I am able to give. I don't feel comfortable handing over a check since they are very young adults and was thinking of setting up trusts for each of them. What might prevent me from doing this is the possibility of a double tax: I pay my taxes from my investment, and then pay again when I fund each trust. Also, I would not want to be the trustee of the accounts preferring to have their parents in that role. Would a Trust for gift purposes be a good fit for me? I've been reading your post for quite a while and appreciate all that you have contributed. Manhattan
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Scooter you are a smart, generous man. I have never read an unkind word from you, and I have always looked forward to what you have to say. The amount of time and effort you have put into your presentations to bring clarity to this crazy Iraqi situation has been truly amazing. You have my respect and gratitude. I am saddened that the reward for your giving spirt is to be run out of town by a troll - but I get it. It's our loss and it really sucks. All the best to you, Manhattan
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Well said.
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Love your style of writing Doc. Thanks for transforming your thoughts into interesting conversation. As always, a pleasure. Manhattan
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I don't know why but I'm becoming so amused by all this. Thanks for the laugh.
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What a world we live in - where kindness and good intentions are rewarded with cruelty. I'm quite sure that any harm to your reputation will be extremely short lived as the truth of who one is can't be denied. All anyone has to do is visit this website and view your post to know what really happened. You made a difference with your gesture, and it is indeed our loss that you have to retreat back into the shadows, but totally understandable. Thanks again for making the effort. All the best, Manhattan
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Interesting theory Scooter... Thanks KCT.