dunamisdms

Exactly!!!

This has been really good guys, and is the exact reason why we need to pray for our nation. Only God can turn this thing around!

This was a big day! That was on public record in DC... He didn't speak against the RV, but rather how they are actively looking at the economy and how to grow it. I agree with whomever spoke it earlier that they would likely make some moves in July, and that it would start lower. Adam has said that this thing is going to rise over time, rather than make a huge move all at once. I think it makes sense as this would attract many investors at the lower amount to buy into this economy. I hope im wrong and we all make Millions quick, but either way, we're closer than we've been before. Blessings and Happy Easter to everyone, David

This makes a lot of sense... thank you for taking the time to post the information!

I guess i need to read more into the LOP exchange than I have. Correct me if I'm wrong, but loosing 3 0's brings 1,000,000 to 1,000 correct? If so, 1,000 Dinar RVing at $1 US would mean a loss on the 1200plus paid for that 1Million Dinar. OR is it that they honor the amount of currency that you have and 1,000,000 Dinar now ='s $1,000,000?

These are interesting times my friends...

Very helpful guys! I have done my best to wrap my mind around this subject, and I do have a CPA who I will show this to that has promised me that he will get his legal team to identify based upon past legal cases how this should be interpreted and treated. The one thing that I would go back to would be the reference of... "The debate will be whether or not it is considered a currency exchange or an investment." Though this is not a publically traded currency, many have purchased it through a bank, and I believe that the legal answer is that this is a currency exchange, not an investment. Reasons are that there was not a legal contract of purchase that an investment would intale, this is not the Forex, and Executive Order 13303 though its very confusing to read opens the door for us to be involved. These are opinions in one sense and could be wrong, but these thoughts make sense to me and i don't want to miss it if they were right. Thanks, David

Greetings Dinar Vets, I have been researching Iraq and the Dinar for the last several months, and have just recently come to some interesting thoughts that maybe Adam or some others who have a strong grasp on RV and Exchange can help me to understand some things, based upon the principles in the example below. Example: If I spent the weekend in Canada and came back to the US with $1000CAD that I did not spend. When I went to the bank to exchange back to USD, I found out that the US dollar slipped a little over the weekend and that I was going to be getting a much better exchange rate from CAD to USD than what I had exchanged for before going on my trip. Question: Would I pay the difference in tax on the money at exchange if CAD was higher or had a sudden gain on the Dollar? Answer: No, these are Non-Qualified dollars (meaning after Tax) that I could exchange at whatever spread/rate the bank gave me. Question: So how does capital gains taxes figure into the Dinar like it seems everyone is presupposing, and we’re trying to avoid with LLC’s and Trusts? Thought: I could see how either Short or Long-term Capital Gains Tax would figure in if we were holding a Security or something like Property that was purchased and then we sold it for a profit in a given timeframe. But we are holding currency which is technically neither of these (it’s like getting taxed on the value of the money in your wallet after you’ve already paid taxes on it the first time you made it). Next thought: When I purchase something with a currency like USD, I either pay sales tax on the price of whatever I purchased, or I Place an value of my USD into something like a Security or Property which would be taxed based upon the gains made when sold. The point is I pay tax after purchase, not at purchase... if that makes sense. The Point: I own a currency (IQD) that was Exchanged for by another currency (USD that I’ve already paid taxes on) at the buying power rate that the Exchanger (a banker or dealer) had determined based upon equal exchange values and the cut that they took. When RV comes, I do not own more IQD, but my buying power has just been increased (hopefully significantly). I have not made a gain on anything that has been placed in my possession that should be taxable… 5million IQD=5Million IQD as it was exchanged. This would be like paying tax on my USD because I didn’t spend it and it’s value/the buying power went up… these are all Non-Qualified after tax dollars! Interesting thought: (assuming that I am not way off the mark here) The US wants tax money, that much we know for sure; I honestly have no problem paying it when it's theirs to tax, but am being robbed when it’s not theirs to have. Based upon what I’ve just shared, I don't think that legally our Dinar is taxable. Idea: Let’s say that I find a company, like specifically an Escrow company, who would/could receive my Dinar and then purchase a Commodity like precious metals or a home with it without having to do an exchange first. Is this possible? How: It would seem that I would again only be subject to a Sales Tax or Exchange Fee based upon the type of transaction. The Escrow company could exchange with CBI at a spread on my currency, as they accepted it for what it would be worth (like every other transaction they do). They would then charge an admin fee for facilitating the transaction as described and leave me with the purchase. I would then be subject to Capital Gains in the future based upon the investments growth and my time owning it. Okay that's my initial thinking... thank you for your constructive criticism, and potentially helping to facilitate this relationship between us and Escrow company or someone who could handle this! David Sorry for the length!

That's good news! I live in WA myself, and have not had the same experience when I've asked over the last few weeks at BofA or Chase. What branch is your friend from?

Wow!

Great word about the things that count and are worth the most in life. I work with Medicare Recipiants nearly everyday, and have often asked simple questions to them like... If they could do things over, what would they do differently? You know I have never once heard them say that they wish that they would have spent more time chasing money or things. On the other hand, they consistently say that they wish they would have built more and spent more time with their family.