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Don Paul

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  1. their biggest problem is with the securities and exchange commission. it is incredibly regulated, even for legitimate say.. oil ventures and offerings, you have to have all your dots and t´s crossed, but NON EXISTENT hedge funds and NON EXISTENT placements, well you are really asking for trouble im not sure how people lost 23 million on dinar sales... that could be stipulation by the reporter thinking dinar is not internationally recognized so you cannot recoup your money ... and doing ANYTHING across state lines brings you into the big boy pen
  2. this is disturbing if correct. got it from A.C. can someone verify / dispell Central Bank of Iraq and the Government Central Bank of Iraq The Iraqi courts have already ruled that the Central Bank of Iraq is under the jurisdiction of the Iraq government specifically the Prime Minister’s Cabinet. Prime Minister Maliki is attempting to reshape the Central Bank of Iraq starting with upper management. The hard currency in Iraq which is the U.S. dollar is appreciating against the local currency as merchants are continuing to buy and sell in U.S. dollars. Governor Shabibi is negotiating his departure from the Central Bank of Iraq along with other senior members of the CBI. We will see departures in the management of the CBI by the end of the year. It is rumored that they will be leaving the country. The Iraqi dinar is being seriously undermined by Iran and Syria who are in need of U.S. Dollars to skirt the international sanctions. You will see a continued weaken Iraq dinar in the months ahead.
  3. from AC: Central Bank of Iraq and the Government Central Bank of Iraq The Iraqi courts have already ruled that the Central Bank of Iraq is under the jurisdiction of the Iraq government specifically the Prime Minister’s Cabinet. Prime Minister Maliki is attempting to reshape the Central Bank of Iraq starting with upper management. The hard currency in Iraq which is the U.S. dollar is appreciating against the local currency as merchants are continuing to buy and sell in U.S. dollars. Governor Shabibi is negotiating his departure from the Central Bank of Iraq along with other senior members of the CBI. We will see departures in the management of the CBI by the end of the year. It is rumored that they will be leaving the country. The Iraqi dinar is being seriously undermined by Iran and Syria who are in need of U.S. Dollars to skirt the international sanctions. You will see a continued weaken Iraq dinar in the months ahead.
  4. To make matters more complicated, there is a 10 to 1 ration of digital dollars to real ones. All part of taking cash out of our hands and controlling world money flows. There isnt 15+ trillions of dollars worth of gold in fort knox.. you should use logic on that one. If we ever go to a Gold standard we are just as bad off, since there is not enough physical gold to back that many dollars. Silver is a much more viable option. At least Dinars do have a good backing of oil (reserves=theoritical value) to them since Dinars are artificially low at this time and are not market adjusted.
  5. China is not going to do very well if the EURO and US zone take a hit. China sells to the world, and if the world cant buy they are in just as deep crap as everyone else. Youre best to look at emerging areas such as Burma or Mongolia or Brazil than you are with China, and its all a roll of the dice. take a look at what Jim Rogers has to say: http://www.dogstarmist.com/ Iran officially has shut down Dollar traders. But that only means the black market for Dollars just took on a whole new profitability. Their (IRAN) currency has devalued 40-59% since the threat of sanctions and everyone in Iran is trying to hoard dollars (one source>Iraq and CBI auctions) to stop the bleeding. Doesnt mean that Dinar is going to RV because of it.
  6. That is a good question. I do know that the fees from western union are high as it is...
  7. well, I doubt there are too many illegal alliens swimming across the border with extra Dinars in their jeans considering it takes 3-4 years savings to pay the coyote just to pass them across... funny that now the question at the border isnt if youre carrying over 10,000 in cash, but 'any financial instrument'.... guess that was to cover the 50 dol face value of a gold eagle coin ... hehehe - cause if you didnt declare 10,000 or less in face value , thats a LOT of gold... like about 360,000 dollars worth at 1800 an ounce
  8. I think wiring limitations will apply across the board as long as the wire is initiated from the US. Not sure what other countries are imposing as capital controls, but wouldnt doubt broke countries would follow suit. Greece has an occurence of about 25% that dont pay tax, followed by 22% by Italy and Spain and Portugal hover around 19%... Guess it would make you think to only cash in the country you plan to plant a flag on... but limiting any movement thereafter Guess it will be your decision to declare when you come back, as you know the new customs reporting rules have changed dramatically. Then you start the game from there... Also new IRS rules state you must declare any accounts anywhere From what I understand, US citizens are the only ones in the world that are taxed regardless where they live/work anywhere in the universe. Ill quote Mr S Black : "the United States is on a one-way collision course with its financial judgment day; the country long ago passed the historical point of no return-- the point at which it has to start borrowing money simply to pay interest on the money it has already borrowed. Throughout history, countries that passed this point of no return soon defaulted on their debts, entered into extended periods of severe inflation, or both. This is nothing new-- the idea of a government going bankrupt is practically as old as the concept of government itself. Along the way as they slide down the slippery slope of economic calamity, governments typically hit the accelerator by resorting to financial repression; rather than making the economy open and attractive to talented people and investment capital, they instead confiscate, inflate, and overregulate. These tactics include oldies but goodies like civil asset forfeiture, capital controls, and a host of whacky new taxes. Like a Christmas Tree tax, for example. Sumptuary laws (regulation and taxes over lifestyle habits) are quite common, dating back to the Renaissance period 'beard taxes'. If you wore a beard during the time of Peter the Great in Russia, or Henry VIII in England, you paid a tax to the government for the privilege. There are many modern day equivalents of the beard tax-- taxes on cigarettes, mobile phones, vehicles, luxury goods, etc. We should expect the introduction of even more-- a national sales tax, an Internet tax, a carbon emissions tax, and a financial transactions tax. After this, the next mind-boggling category of taxes that will be introduced are 'social taxes'. In other words, you get taxed on what everyone else is doing... like an anti-terrorism security tax, or better yet, national healthcare where you pay for other people to go to the doctor. During the Tokugawa period in feudal Japan, they called this 'honto mononari'. Village peasants were taxed by the local daimyo on the basis of the entire village's rice yield for that season. Even if you didn't grow a single grain, you still paid. Perhaps the most heinous forms of taxes to come, though, are asset taxes. And at roughly $5 trillion in total value, individual retirement accounts (IRAs) are the lowest hanging fruit that the federal government can grab. It's not that far-fetched. Argentina has done it. Hungary and Ireland have done it. Even France passed a law last year authorizing the government to use pension fund assets to pay off its debts. And if you recall, the US Treasury raided public pensions this year to tide itself over during the budget debacle. The next step will be for the government to nationalize a portion of IRA assets. They'll wait for a severe market downturn that wipes a huge chunk from most IRA accounts, blame capitalism for the failure, and then pass a law requiring that X% of IRA funds be held in the 'safety and security' of government debt. " You really need to plan this out VERY CAREFULLY > FROM BEFORE WHERE AND WHEN YOU CASH IN because moving it from there will cost you dearly... just saying...
  9. November 10th, 2011 Starting January 1, 2012, Form 1099s will become a means of reporting to the IRS the purchases of all goods and services including precious metals such as gold coins and bullion. Furthermore, the HIRE Act passed in April 2010, effective January 1, 2012, requires banks to withhold 30% of any dollars being transferred/wired offshore to another country and remit it to the IRS. You can get it back when you file your tax return "IF" you tell the IRS where it went and that you are paying taxes on it. And banks cannot be held liable for making a mistake. Want to place a $50,000 down payment on a property in Panama? You'd better wire $75,000. Your daughter is on study-abroad and needs $4,000? You'll need to send your daughter $6,000. think about it...
  10. Lets put it in simple terms: $500 for a chance at say 200,000 dol (same risk as investing in the non-honest accounting of Wall Street BS) or keep 500 to spend on cigs, beer, movies, or other If you cant afford to put 500 dol aside, then you're in deep doodoo either way
  11. I will diversify into Life Settlements (been paying around 12% for 10 years average and are NOT subject to market, oil or war swings) then some split annuities with the option of being able to annuitize, so money can be turned into a guaranteed income when I want it, and the capital is totally judgement proof once you annuitize. Start a small business for which I already have a proprietary invention for, etc. Safety is not having a home address listed on ANYTHING. I use only a local PO box.
  12. Its been rumored two people committed suicide last october over this guru hype, and one person is waiting to do some sort of brain operation based on all this. I dont think its very responsible for someone like Okie considering his following, who many are probably just a hairline away from the same above or worse to childlessly and unverified a claim of an RV. Just irresponsible, highly unprofessional, and just reckless.... and for what? You cant call it 'entertainment' for those on the edge...
  13. Gold scramble starting? The comments below are not mine, but I completely agree with them. THIS IS POTENTIALLY BIG NEWS. (but I bet you wont hear much about it in the news...) I would only add that the action taken by Venezuela is the equivalent of a howitzer shell going off in the New York/London money changers camp. Nationalization of the Venezuela gold mining industry is "small news." There is only one small gold mining company operating in Venezuela. The real news is that this is an extreme vote of no confidence in the international monetary system. It is also an act of economic warfare against the money power in London by Hugo Chavez, a Venezuelan nationalist. It will be interesting to see what ensues. Will the banksters refuse to deliver? If they do it could cause a stampede of other countries demanding delivery of their gold. (that will probably happen anyway). That should be fun... Will the banksters FAIL to deliver? Very likely. Odds are they don't have the goods. Geez... Wonder where the gold went? If they make delivery will they deliver real gold bars, or fake tungsten bars coated in gold? After what happened to the Chinese you can bet the Venezuelans will be looking at the inventory very carefully. The central bank/fractional reserve, usurious, bankster racket could be on the verge of cratering. Whether you have investments or not, this action will affect everyone in the western world. We live in interesting times. no way in hell Chavez quietly takes a cash payout instead of bullion) The game is over in all but name, as of right now.... The controlled demolition of the financial system has begun, started by no other than hugo chavez..... http://www.zerohedge.com/news/chavez-pulls-venezuelas-gold-jp-morgan-great-scramble-physical-starting As Chavez Pulls Venezuela's Gold >From JP Morgan, Is The Great Scramble For Physical Starting? 08/17/2011 In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England. As the WSJ reported earlier, "The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter. A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank." That's great, but not really a gamechanger. After all the BOE should have said gold. What could well be a gamechanger is that according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia. As most know, JPM is one of the 5 vault banks. The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today's CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons. A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets. Keep an eye on gold in the illiquid after hour market. The overdue scramble for delivery may be about to begin.
  14. I agree, Just because Dinar Banker is gouging the price of notes, it has nothing to do with RV or pre_Rv Has ANYONE SEEN or have proof of lower denoms circulating in the Iraq general public??
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