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IF NO RV, THEN NO 2011 TAX MONEY FOR OBAMA


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Its no wonder the U.S. is scrambling back and forth to Iraq..

Its definately going to have an impact on the more un read american public on how our economy is working..heres why:

Most americans do not have or even pay attention to Ieaq as we do..Obama in his best case scenario needs this to RV NOW.. Why you ask?

Iraq doesnt care about us or our money. Obama does because it is election time..If the Dinar Rv's before the 1st, then he has until april to collect capital gains taxes on trillions of Dinar cash ins that would off set the deficit, increase obviouse cash flow, the economy would greatly improve FAST !.

Think as a common joe for a second.Most husbands and wives who hold dinar would most likely quit their jobs, opening millions of jobs immediately.They would most likely pay off their homes or buy new ones thus turning the housing market around. It dominoes buy creating construction work for all the trades!

Now furniture is selling again and the car business startes to boom here.

The banks will loosen lending requirements and have better portfolios.

Now the next part...If the Dinar doesnt RV until after Jan 1st,,WATCH, I predict, WATCH our government put that well spoken of flat 15%tax break in place if you

pay your taxes immdeiately when you cash in , collecting much taxes immediately because otherwise, you really wouldnt have to pay the government until the latest april 15th of 2013 !!

If people choose to do that, they most likely will lose the 15% flat tax and I see the government creating and implementing the rich tax program which makes the government more money.

So i see that the U.S. gov has all the bases covered.

Now Obama looks like a hero and probobly be his ONLY chance of getting re elected.

You can pay now or later.but later will most likely end up costing you more..

I have NO contacts or anyone advising me. Im just an average Joe who likes using common sense and using the odds to work for me.

Here is why we see us scrambling to get Iraq to play nice and NOW !!

Any thoughts?

GOOOOO RV

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I'm starting to think that even Obama knows nothing about the dinar... wouldn't that be interesting!

Its no wonder the U.S. is scrambling back and forth to Iraq..

Its definately going to have an impact on the more un read american public on how our economy is working..heres why:

Most americans do not have or even pay attention to Ieaq as we do..Obama in his best case scenario needs this to RV NOW.. Why you ask?

Iraq doesnt care about us or our money. Obama does because it is election time..If the Dinar Rv's before the 1st, then he has until april to collect capital gains taxes on trillions of Dinar cash ins that would off set the deficit, increase obviouse cash flow, the economy would greatly improve FAST !.

Think as a common joe for a second.Most husbands and wives who hold dinar would most likely quit their jobs, opening millions of jobs immediately.They would most likely pay off their homes or buy new ones thus turning the housing market around. It dominoes buy creating construction work for all the trades!

Now furniture is selling again and the car business startes to boom here.

The banks will loosen lending requirements and have better portfolios.

Now the next part...If the Dinar doesnt RV until after Jan 1st,,WATCH, I predict, WATCH our government put that well spoken of flat 15%tax break in place if you

pay your taxes immdeiately when you cash in , collecting much taxes immediately because otherwise, you really wouldnt have to pay the government until the latest april 15th of 2013 !!

If people choose to do that, they most likely will lose the 15% flat tax and I see the government creating and implementing the rich tax program which makes the government more money.

So i see that the U.S. gov has all the bases covered.

Now Obama looks like a hero and probobly be his ONLY chance of getting re elected.

You can pay now or later.but later will most likely end up costing you more..

I have NO contacts or anyone advising me. Im just an average Joe who likes using common sense and using the odds to work for me.

Here is why we see us scrambling to get Iraq to play nice and NOW !!

Any thoughts?

GOOOOO RV

Edited by MahiMahi
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Thank you for you post Big City Bob... smile.gif

Have thought about all this as well..... an incentive to have an RV.

Now am not so sure .... as it seems laws go into place without our even hearing of them first.

RV would still be super important...scary to think how much of our windfall might go to taxes though.

Flat tax and have it all done right from the git-go would sure be nice.

Does anyone know if they can later add taxes to this,say at the end of the year, on the same money???

One more thing to think about ..blink.gif ....will watch and see others thoughts.

myst

I'm starting to think that even Obama knows nothing about the dinar... wouldn't that be interesting!

Chuckling here....... would say you could be right.....but have a friend that writes to the president a lot about the dinar!!!

myst

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You seem to have put alot of thought Big City Bob, and I appreciate that. I am of the opinion though that this means nothing. There are many times I figured certain political situations meant it HAD to RV.

As we all know, there is still no RV. When Iraq feels the time is right, and only then will it RV.

On several occasions I have read were people thought the Iraqis were a backward uneducated people. In some levels of society this is true, but that's also the case in Canada, USA, England, Australia...etc. Iraq has some very Intelligent people in their Gov't system. I at time's believe it may be us that's on the short end of the smart stick and not them.

We have analyzed virtually every scrap of Information that has come out, only to be still sitting were we are at this time.....waiting for the RV.

I do feel the window is closing, but just not that Obama has any say what so ever.

JMHO, pp

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You seem to have put alot of thought Big City Bob, and I appreciate that. I am of the opinion though that this means nothing. There are many times I figured certain political situations meant it HAD to RV.

As we all know, there is still no RV. When Iraq feels the time is right, and only then will it RV.

On several occasions I have read were people thought the Iraqis were a backward uneducated people. In some levels of society this is true, but that's also the case in Canada, USA, England, Australia...etc. Iraq has some very Intelligent people in their Gov't system. I at time's believe it may be us that's on the short end of the smart stick and not them.

We have analyzed virtually every scrap of Information that has come out, only to be still sitting were we are at this time.....waiting for the RV.

I do feel the window is closing, but just not that Obama has any say what so ever.

JMHO, pp

You are so right, but why I posted this was to try and explaine why so many U.S. biggies keep running back and forth to Iraq now.

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Here is why we see us scrambling to get Iraq to play nice and NOW !!

Any thoughts?

GOOOOO RV

I don't think the impact would be so big. The US deficit for 2011 and 2012 (our budget year is Oct 1st to Sept 31st) was/is roughly 1.5 and 1.1 Trillion dollars in the red respectively. So lets say US speculators hold 1 trillion dinars and cash them all in after an RV to $1 (which I don't think is possible, but that's another conversation), even if 35% tax was collected that's 350B, which is a huge help to the federal budget for sure, but it still would be around 750 Billion in the red for 2012. If only 15% was collected our 2012 budget would still be $950 Billion in the red. So I don't see that as a big economic turnaround, though it would be a help for sure (if only an RV of that size were possible). If the amount held by US speculators is less and/or the RV is less the results are of course correspondingly lower. So I don't think an RV is even on the governments radar (other than as part of generally looking to Iraq to be a successful nation). Edited by engineer1138
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I don't think the impact would be so big. The US deficit for 2011 and 2012 (our budget year is Oct 1st to Sept 31st) was/is roughly 1.5 and 1.1 Trillion dollars in the red respectively. So lets say US speculators hold 1 trillion dinars and cash them all in after an RV to $1 (which I don't think is possible, but that's another conversation), even if 35% tax was collected that's 350B, which is a huge help to the federal budget for sure, but it still would be around 750 Billion in the red for 2012. If only 15% was collected our 2012 budget would still be $950 Billion in the red. So I don't see that as a big economic turnaround, though it would be a help for sure (if only an RV of that size were possible). If the amount held by US speculators is less and/or the RV is less the results are of course correspondingly lower. So I don't think an RV is even on the governments radar (other than as part of generally looking to Iraq to be a successful nation).

I understand your reasoning on this but I wonder if the US has ever really been in the black so to speak. I mean isn't the deficit just part of the government either way you look at it?

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I have to agree, Obama is clueless about the dinar.

However, he's just as clueless about running the country so thats nothing new.

Lets hope he's not re-elected and we get someone in the WH that knows what he's doing!!

By the way, when pokerplayer says Iraq, he must mean DR. Shabibi!! And he's right, Obama has nothing to do with the RV!

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I understand your reasoning on this but I wonder if the US has ever really been in the black so to speak. I mean isn't the deficit just part of the government either way you look at it?

Been "in the black" meaning no debt, you're right we always have some debt (one can argue that this is in fact good as it promotes a stable market for US bonds as long as the debt is small so we continuously pay it off and get more as opposed to what we do now which is refinance the old debt). The annual budget went into the black briefly at the end of Clinton's term but it didn't last. If you include private debt (i.e. credit card and mortgage debt) we have never been in the black at least since 1900. So you're right that debt is how governments operate, but its the size and sustainability that is the problem. If we could keep government debt to 10 or 20% of GDP we'd be in great shape.
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The flaws iin your scenario are:

1. As you contend, most Americans have no idea what is going on in Iraq or are invested in their currency, as we are. Therefore the notion that millions of Americans are going to be buying billions of things to wrestle the economy out of the doldrums just doesn't make sense. Even with an RV buying power, it will not, IMO, make the smallest ripple in the economy. Yes, it will help some retailers of some goods, but the majority of businesses will feel no impact from this.

2. You would propose that the GOI will get out of its own way to to make this happen before 1/1/12 to bring cash into the U.S. T. Ain't going to happen. Look at the their track record in getting anything done in the past eight years. Putting money on an RV before this Friday is a bad bet. It'll get pushed into 2012, and then its anyone's bet.

I want the RV as much as anyone, but we have to be real here as to who we're dealing with; the ultimate brinksmanship players who don't do anything until they absolutely have to. And the contention that Shabibi could pull the trigger at any moment he chooses; how's that working out for us?

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I don't think the impact would be so big. The US deficit for 2011 and 2012 (our budget year is Oct 1st to Sept 31st) was/is roughly 1.5 and 1.1 Trillion dollars in the red respectively. So lets say US speculators hold 1 trillion dinars and cash them all in after an RV to $1 (which I don't think is possible, but that's another conversation), even if 35% tax was collected that's 350B, which is a huge help to the federal budget for sure, but it still would be around 750 Billion in the red for 2012. If only 15% was collected our 2012 budget would still be $950 Billion in the red. So I don't see that as a big economic turnaround, though it would be a help for sure (if only an RV of that size were possible). If the amount held by US speculators is less and/or the RV is less the results are of course correspondingly lower. So I don't think an RV is even on the governments radar (other than as part of generally looking to Iraq to be a successful nation).

You might have to look at this a couple of ways. This administration either believes that "stimulus" works, in which case they would welcome the RV for election fodder, OR.....

they are out to change us to a socialistic society, in which case they aren't really interested in an event that would prove capitalism indeed works.

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You might have to look at this a couple of ways. This administration either believes that "stimulus" works, in which case they would welcome the RV for election fodder, OR.....

they are out to change us to a socialistic society, in which case they aren't really interested in an event that would prove capitalism indeed works.

I think (and think the administration thinks) that stimulus works, but it isn't a magic bullet. If a couple of trillion hasn't made the economy rosy then an additional 350 Billion (as a best case) isn't going to turn things around either. It would help for sure, just like the stimulus put in so far likely has helped to not let things get worse. But I don't think a 1:1 RV is on the White House radar, as I figure they don't think its possible (me neither).
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