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DinarMillionaire
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Posts posted by DinarMillionaire
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OFF WITH THEIR HEADS!!!!!!!!!!!!
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who cares
Obviously, you do or you would not have commented. When you don't care, you just skip it! But, you care enough to comment.
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sounds like gibberish!
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Tax Rate on Short-Term Capital Gains
Capital gain income from assets held one year or less is taxed at the ordinary income tax rates in effect for the year, ranging from 10% to 35%.
Tax Rate on Long-Term Capital Gains
Capital gain income from assets held longer than one year are generally taxed at a special long-term capital gains rate. The rate that applies depends on which ordinary income tax bracket you fall under.
Zero percent rate if your total income (including capital gain income) places you in the ten or fifteen percent tax brackets.
15% rate if your total income (including capital gain income) places you in the twenty-five percent tax bracket or higher.
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I have been fooled before so, I personally will relax and try not to get my hopes up too much. Yeah right. I just hope we are finally there. It certainly looks and feels good and we shall soon see!!!!!!!!!!!!!!! Is the RV baby REALLY crying yet??????????????????
Don't know about that, but, the contractions seem to be getting closer together...breath....breath.....may need an episiotomy, hope it's not complete breech.....we may need to perform a c-section......I need an epidural and some Nubain, anybody, anybody?
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I sometimes receive "intel" from someone who knows someone (ever heard that before?) But I never share, because it has been WRONG before, and I see no point. But, I will share a piece of it, that hopefully will be good news to help with the original post. #4 says...
4. The smart cards that we have heard so much about for many months are loaded at the new RV rate and have been issued to the citizens of Iraq. Our intel says these cards are scheduled to be activated on Friday for spending by the public. Unless there is a last minute change, that tells me that the RV must be released before tomorrow. We shall see.
Still waiting for Adams Email.
YES, we shall see...
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Thanks for posting........
Talk about DEJA MOOOOOO!!!!!!!!!!!!!!!
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To steal ideas from one person is plagiarism. To steal from many is research.
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I totally disagree with this scenario because of the United States Treasury. The banks are supposed to turn the bills into the treasury.
Sounds good. Just hope something starts happening soon.
In his scenario, the banks could still send the Dinar to the Treasury after it is turned in at the bank.
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Ya Right .... I'm from Missouri ......... Prove It!!
Don't you mean......... SHOW ME!!
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Do not argue with an idiot. He will drag you down to his level and beat you with experience.
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With sufficient thrust, pigs will fly just fine.
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IMO, One way to introduce the 25 IQD... and have them "co-exist with the 25,000 IQD"
Iraq wants to make it so the Iraqi citizen won't have to carry so much cash for daily purchases and to make it easier for banking transactions.
Now- the exchange rate is 0.0008547 (or 1170 IQD to 1 USD)
Now- the 25,000 IQD is worth $21.37 USD [ 25,000 x 0.0008547 = $21.37 ]
Now- 1,000,000 IQD cost $854.70 ($1,220.00+/- from dealer) [ 1,000,000 x 0.0008547 = $854.70 ] +$365.30 +/- dealer
[ 25,000 x 40 = 1,000,000 ] [ 21.37 x 40 = 854.80 (per million)] (spread not incl)
SCENARIO: LOP 3 zeros ( to get rid of the high denomination currency)
If they were to lop three zeros from the currency, to replace the 25,000 IQD with the 25 IQD, and "co-exist together", they could also simultaneously remove the three zeros from the exchange rate of 0.0008547 making it 0.8547 this would mean even steven (less the spread). keep reading. From that point anything with 3 zeros would be considered the lower denomination.( "to co-exist")
They can afford to increase the value of the Dinar above that because of the oil.
After removing zeros from both the currency and the rate...
The exchange rate would be 0.8547 ( or 1.17 IQD to 1 USD)
The 25 IQD would still be worth $21.37 (same as the 25K note) [ 25 x 0.8547 = $21.37 ]
[25,000 x 40 = 1,000,000 ] becomes [ 25 x 40 = 1,000 ] [ 21.37 x 40 = 854.80 ] (spread not incl) same value as the million was before.
1,000,000 IQD would become 1,000 IQD after "lop", but remember, both still worth $854.70. ($1,220.00+/- from dealer)
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Rate needs to be at least $1.22 to break even with what would be now 1,000 IQD costing $1,220.00 USD,
For example I'll use 3.22 IQD per 1 USD, then our profit would be...
1,000 x $3.22 = $3,220.00 less orig. $1,220.00 = $2,000.00 profit per million, (minus the spread.)
But this is just an example, they could go 4+, 5+, or whatever they feel their oil ,gold, etc., can support.
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BEST CASE SCENARIO: "THE DREAM"
If they still honor the fact that you bought 1,000,000 IQD, at trade in it could be something like this...
IF they let us cash in 25,000 IQD note for 1,000 25 IQD notes which would be 40,000 25 IQD per 1,000,000 IQD, in which case means...you still have 1,000,000 IQD.
1,000,000 IQD x any new rate would mean $BUCKS$ but let's use new rate of 0.86 = $860,000 per million IQD.
Just for fun and because so many believe this is what will happen (Even though many know feel different)...
Get to trade in 1 million dinar (just smaller denoms or electronically)...$3.22 x 1,000,000 IQD = $3,220,000.
Hope this makes sense.
Maybe someone can confirm or deny what I'm saying. "Don't BASH it, just BEAT it up, bruise it or kick it around."
it's JMHO -
When this LOP happens, keep in mind we could still very well make 3 times our money. Depending on how much they RV at. Not that it really will. lol
P.S. There is going to be talk of a LOP in this LOP section. If you really don't want to see it, why come here?
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No...its actually going to be in Nov-Dec this year, 2011, when Comet (Brown Dwarf) Elenin passes within .23 AU's of our planet.
Google it. Its for real.
Now....whether or not its REALLY going to shift the earths poles and peel our atmosphere off our planet and kill us all.....that is yet to be seen. But the comet itself is no joke and astronomers are starting to talk and share their data.
Googled it!
"There Is No Comet Elenin – It’s A Brown Dwarf ‘Nibiru’
Planet X to exert great influence upon our planet it need not be at its closest point of approach.
Its gigantic mass and gravitational influence is already affecting us. The storms that Mars brought during the founding of Rome as it neared Earth may instead be experienced courtesy of Planet X in March, April, May, and June of 2011 ... six to eighteen months before we actually see it begin its passage (either December 2011-February 2012 or December 2012-July 2013)."
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HE SCARES ME TOO! FOR ALL THE SAME REASONS.
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No, the exchange rate from AED to IQD is .003.
Also, as far as my credibility, who are you? Do you understand that I'm a moderator on this site, have been here over a year, and have debunked silly little things like this repeatedly. Please don't attack my credibility.
digital11, Really don't think you have anything to worry 'bout there! Now, Aquaman is just getting in deeper and deeper all by himself. I would hate to be him in the morning when he realizes he's made a mistake. Unless he already has.
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He is absolutely RIGHT! "THE RV HAS NEVER BEEN CLOSER"!!!!! I could say that every minute and be absolutely right every minute on the minute.
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Note: An article very similar to this news story has been posted on xxxxxxxxxxxxxx. However this particular article uses the word “revaluation” in Dr. al-Tahan’s quote. I thought it was interesting and wanted to share it with you. It is very difficult to find an article speaking of currency revaluation and iraqi dinar in the same context. Enjoy!
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Stressed the economic and academic: to the process of deleting three zeros from the Iraqi currency will lead to a revaluation, noting the need to follow the policies of quiet to convince citizens and getting used to it for a period not exceeding two years.
The economic analyst said Reza Ragheb Blibl The timing of the launch of this strategy is not appropriate now, and the country’s economy must be in a position of strength before the application of those changes.
Looks like at least we can believe it will happen within the next two years.
Note: An article very similar to this news story has been posted on xxxxxxxxxxxxxx. However this particular article uses the word “revaluation” in Dr. al-Tahan’s quote. I thought it was interesting and wanted to share it with you. It is very difficult to find an article speaking of currency revaluation and iraqi dinar in the same context. Enjoy!
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Stressed the economic and academic: to the process of deleting three zeros from the Iraqi currency will lead to a revaluation, noting the need to follow the policies of quiet to convince citizens and getting used to it for a period not exceeding two years.
The economic analyst said Reza Ragheb Blibl The timing of the launch of this strategy is not appropriate now, and the country’s economy must be in a position of strength before the application of those changes.
Looks like at least we can believe it will happen within the next two years.
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One viable scenario...
25,000 IQD is worth 21.37 USD at an exchange rate of 0.0008547.
AFTER LOP of three zeros from both the currency and the rate, here is what you get...
25 IQD is worth 21.37 USD at an exchange rate of 0.8547
Worth of an Iraqi would still be the same. (our investment too.) But if they want to make IQD stronger they could raise the rate some and we make a profit.
They want to lop off the zeros of the currency to bring down the amount of cash iraqi's have to carry and make it easier for bank transactions, (read that somewhere) then they could do it this way. The reason they could come out higher is because they can produce more oil and make their currency more valuable. Someone correct if I'm wrong.
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Ok, this article.. is GREAT news. Remember. .the 3 zeros is this .00086
"Sumerian News", the bank's readiness to remove الاصفار
from the Iraqi currency, pointing out that الاصفار, which was added to the
Iraqi currency in the last period accounted for a huge cash block at 27
trillion Iraqi dinars.
I believe they are talking of removing 3 zeros from the currency (LOP) not the rate.
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Think very logically about what you said here.....TWO BILLION NOTES.... Now, of those two billion notes, how many were denominated at 25K, 10K, 5K, etc........What would two billion times 25,000 equate to?
I think, if this is a logical answer..."2 billion notes", just an example now...1/3 in 25K notes, 1/3 in 10K notes, 1/3 in 5K notes. But to come up with the say 24 Trillion it may be 1/4 25K notes, 1/4 in 10K notes and 1/2 in 5K notes, what ever it takes to divey it up to equal the 24 Trillion. But it could still be just 2 billion NOTES/bills. Hope this makes sense.
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To ignore the Facts, does not Change the facts.
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LOL! Some of you people are truly retarded, wow.
Blessed are they who can laugh at themselves for they shall never cease to be amused.
Drivers license & a little girl
in Off Topic posts
Posted
Good one, Thanks for sharing. Funny
:lol: 