speculatorsRIDE

It's a capital gain.........period. There is a print date on currency for a reason. Unless you are holding currency with a print date of 2012, there is no way for a bank to know how long ago you purchased it. This means that dinar dated 2011 or before will be taxed at 15% as a capital gain. Dinar dated in the current year will be taxed at the higher rate. That's it for the government. Then depending on which state you live in will determine your state tax liability. People need to stop trying to over analyze this.

If Oakie wasn't so sad, his posts would be funny. As it is now, he is nothing more then irritating. Nuff said.

No comment on the Frank question beyond to each their own. I don't believe they use the dinar for anything. Not to run the country or for local commerce. The USD is king in Iraq and will be till they RV their currency. I don't get on here much anymore, but, glad to see you are stopping in now and then as well.

Whew! Thanks everyone for explaining that. It is as clear as mud now.

Took care of the duck for you.

Wait a minute. I think Hammerman has it wrong. Maliki didn't sign up he resigned. Unless I been sold a bad steer.

Well, you know what.....oh, never mind.

Not hundreds of years, but, thousands of years. The earths crust is floating on an ocean of oil. The question becomes how deep are we willing to drill for it? No matter who you are or where you are, you will always have oil beneath your feet. Don't believe it? Do some research on Russian deep wells.

Perhaps I am missing something in this article or misinterpreting it. When I read it, I see Kurdistan becoming a sovereign nation. That I believe would make the Kurdish people ecstatic and would take some time to implement.

How many fils are there in a dinar? If they are deleting the 3 zero's, why are they minting 50 and 250 fil coins? Something just isn't adding up here for me.

$3.00 to 1 dinar or 3 dinar to $1.00 = $.33 to 1 dinar Either one would be in our favor.

Truer words were never said.

Looks like the solar flares are buggin up our recaps tonight. Dang it. I do so enjoy me some recaps as nightcaps too. Probably won't sleep a wink tonight now.

I have to remember that folks reading comments on a forum are unable to determine sarcasm. The comment I posted was done sarcastically. Perhaps that helps. Go back and read it again now. After you finish reading my post, then laugh like I did as I was posting it.

Someone lied to you. You have come to the right place to be filled in. That would be who's. Not this week, perhaps this year. I wouldn't hold my breath. Been there and done that.

Where are the mods when you need one. Can we get this moved to the proper section, please? If this isn't lop talk, then I don't know what is. Ah, that's better. Thanks mods.

I thought that was her.

September again. Looks like we got time folks.

She left a long time ago.

He sent 4 emails and I haven't received 1 from Adam yet. Can't be that important. I see they mentioned September again. hummm

WAIT! WAIT! WAIT! Hold the phones and stop the presses. Are you telling me there are other dinar sites out there? Linda get my super secret sources on the phone, I want to know why none of them told me this. Get me a cup of coffee too, it's gonna be another long day.

Zig I don't believe you are reading it correctly. Kuwait is saying that they don't have the power to release Iraq from Chapter 7. The only way that Iraq can get released from Ch 7 is to fulfill their obligations to Kuwait. Upon their successful completion of all obligations to Kuwait as set by the UN, then they will automatically be released from Ch 7. It also looks as if Mubarik is a non issue to Kuwait and construction of the port is continuing. +1 Zig. Not sure why someone negged you, but I evened it out.

I haven't used Warka or any bank in Iraq, and there isn't any way anyone could convince me to send my money out of the country, especially to Iraq.

ECONOMICS | MARCH 3, 2012 Geithner arrested? 116 major bank resignations? What The Finance is this? Add a comment Carl Herman Nonpartisan Examiner Judge Napolitano testifies of Treasury Secretary and Federal Reserve-insider Timothy Geither’s arrest in this 4-minute corporate news show. American Kabuki list the daily-increasing bank resignations. David Wilcock and Benjamin Fulford explain and document history and deceit at the top of US and global finance, leading to current and imminent arrests. What does this mean? Anyone with intellectual integrity and moral courage can affirm that the Federal Reserve system is guilty of financial fraud at its core. The “emperor has no clothes” reason is they lie in omission and commission with a fiduciary responsibility: they create debt for what we use as money, charge the 99% increasing aggregate interest, and then tell us this is responsible leadership for the public good. I teach college-level economics; the facts of a debt-based “monetary system,” unpayable and increasing aggregate debt, and increasing per capita interest costs is conservative textbook information. If you want to understand, I’ll walk you through here. There’s more to the charge of financial fraud at the top of US economic and financial policy, of course. I recommend the documentation of Matt Taibbi and David DeGraw to dive-into details of the crimes, and Ellen Brown and American Monetary Institute to explore solutions. Is current news of Geithner and bank “leadership” resignations evidence of an “emperor has no clothes” breakthrough? The people I work with, and I, don’t know. What we do know is that until we have justice with the 1%’s crimes centering in war and money, we’ll continue to document the facts and demand their arrests. These crimes kill millions, harm billions, and loot trillions of our dollars every year. Until we have justice and policies for 100% of Earth’s inhabitants, it’s just another day of civic activism. My resources: Part 1: Why Occupy? A government/economics teacher explains Part 2: How a government teacher easily proves Occupy’s claim of US War Crimes Part 3: How an economics teacher presents Occupy’s economic argument, victory Part 4: Why everyone should Occupy US 1% corporate media: they lie Important history that makes crimes in the present easy to see and understand: Occupy This: US History exposes the 1%’s crimes then and now (6-part series) Continue reading on Examiner.com Geithner arrested? 116 major bank resignations? What The Finance is this? - National Nonpartisan | Examiner.com http://www.examiner.com/nonpartisan-in-national/geithner-arrested-116-major-bank-resignations-what-the-finance-is-this#ixzz1oF4OJ3Zc

Great breakdown of what they will have in physical current currency. What I don't understand is why you assume that removing 3 zero's makes no sense? It's not like they will only have 29 billion IQD. Let's assume they print a new currency with the 3 languages to comply with their new Constitution. Let's also assume they print 1 trillion worth. This should be more then enough considering their size and population which is 30 million people. The United States has over 300 million people and we have just over 1 trillion dollars in print. They can then use the first 29 billion of their new 1 trillion 3 language currency to purchase the current 29 trillion IQD they have in print now. Then they have another 971 billion of the new 3 language currency to inject into the economy as is needed to fight inflation. Of course, all of this is assuming they decide to re-denominate (lop) their currency. We shall see.