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bakerbob

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About bakerbob

  • Rank
    Newbie
  • Birthday 04/05/1940

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  • Gender
    Male
  • Location
    Nashville, Tennessee 37027
  1. Adam, thanks for the chat. Regarding a law sitting on Obama's desk, it is not possible. Article I, Section 7, of the Constitution states that if he were presented such a Bill by the previous Congress, and he did not veto the Bill, it would already have become a law after 10 days, about which I am sure we would have already heard. This current Congress is not about to pass such a Bill, so I believe we can breath easy on this one.
  2. "isn't against the US Constiution to target a specific group for taxes?" YES IT IS AGAINST THE CONSTITUTION!!!!!!!!! Please read Article 1, Section 8, of the Constitution. In the very first paragraph it states: The Congress shall have the power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but ALL DUTIES, IMPOSTS AND EXCISES SHALL BE UNIFORM THROUGHOUT THE UNITED STATES. Even though our Government has been ignoring this part (as well as many other parts) their actions are still unconstitutional.
  3. Great idea. Thanks for the tip. Does anyone know Ali's Address?
  4. YEP!!!! The 21st was a typo. Interesting responses. I used to teach "Money & Banking", so I have a "little" understanding about their thought processes. Someone at that bank believes something is going to happen on March 1. Read more:
  5. I have read many posts with interest, but have never posted because I had nothing to offer until now. Following is the email my banker sent to me today of an internal bank memo. This man is also a friend with whom I served on a Board, and who helped me to secure a loan through his bank to purchase my building. Just two days ago we were discussing redeaming my dinars through his bank, because they have been selling them for a while: " FYI Bob Pinnacle Bank will no longer offer Iraqi dinar exchanges. Who does it impact? Clients wanting to buy or sell Iraqi dinar. What’s changing? Pinnacle will no longer buy or sell Iraqi dinar through Foreign Currency Exchange. When? March 1, 2011 What do I need to do? Refer any affected clients wanting to buy or sell Iraqi dinar to other foreign currency exchange companies. Why? The risk involved with exchanging Iraqi dinar has escalated above the firm’s risk tolerance level." The "Why" is the crux of this e-mail. This is a small local bank. It looks like they believe something will happen on March 21 that will alter their business practices regarding the dinar, like they may not have enough money to handle the demands of a high RV. Any comments?
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