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estewart
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Posts posted by estewart
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An interesting article about the Concealed Carry bill and a secondary one, here.
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TOTALLY AGREE!!! Just don't register the firearm. What are "they" going to do...put us all in jail !!!
They might, if the begin to have Under The Pillow inspections.
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Mark, awesome post.
I was hoping to something approaching that when I asked you to comment of the FORBES article. Very happy with how that turned out.
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See www.irs.gov This reference came from a call to an IRS agent.
Publication 525 page 33
publication updated September 6 2010
bottom middle column
Foreign Currency Transactions
Capital Gains: Long Term = hold 1 year AND 1 day Tax 15%
Short Term = hold anytime as 1 year or less Tax 35 %
This is if they do not set a specific TAX for this event.
This is also if this event cannot be considered as a like kind exchange. which is a completely different set of rules.
ONLY THE IRS CAN DECIDE, and most probably after the event AND whatever will create the higher Tax paid in.
Considering the profit most will receive from this event, the best advice is to have a Tax Attorney advise you.
That's true.
But one needs to understand that only the IRS Code which I know is written by Congress) counts. Neither a guy on the phone nor the IRS publications does.
Someone earlier mentioned about being sure one's CPA takes responsibility. Well, it does matter whether a CPA takes responsibility or not. The IRS only makes oneself responsible.
NOW I find it amazing how the research made by the attorney here (free of charge, mind you) is being nearly completely disregard. He clearly stated as a result of his research he found that the IRS written Publication 525 document was not correct, and the Code which he cited was the only thing to be validly regarded. WHY is this?
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Find a CPA that clearly understands the tax law pertaining to Capital Gains. At the end of the day you own the tax liabilty. Hopefully, we will all be lucky enough to have one, if you catch my drift.
What if it is the law that counts and not an IRS publication?
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Thanks for your input Mark. I'm not here to argue with someone that purports to be an Attorney with so much knowlege of tax law. It is my opinion that each of us should consult our CPA's with regard to tax implications should the RV occur.
But. . . what if one's CPA has no clue and thus gives bad advice?
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Well, I am basing my judgment off of the idea that they are shooting for a free-market economy. And other factors would include the idea of going the western route. They may wish to use their computers & online connections and order up products from across seas (like the U.S.)...
3 zeros or no zeros, the value remains the same. Can't really see why some would be more enticed to use the new notes just because they removed three zeros.. Like I stated, it already appears as if they pretend they're not there anyways... So, why would any of that really change?? Just because in reality they are no longer visible, it would push them to use it? Ya - doubt it.
I think the CBI would fear that people would view the new notes as a loss of wealth. That is a potential issue.
Traded currency... It may be easier to travel abroad if you can easily convert your IQD to another domestic currency. Imagine if Shabibi came over with 5,000,000 IQD and wanted to get some USD and buy U.S. goods.. Hmm, good luck with that, right? Hope he was prepared and came with USD. Which I am sure he has access to anyways, but I am just providing an example.
Remember, we're speaking about a psychological factor here, for the most part. Revenue-neutral event, I can't see how 3 less zeros, yet the same value would create motivation for citizens to use the new currency. They'd either continue using IQD like they already do, or remain using the USD.
Another factor.. Some may revert to using the USD just to avoid confusing situations. Trying to keep track of two separate currencies may be an issue. You buy an item with a couple 10ks, 25ks along with 10s and 25s... I could see that being an annoyance. Instead, you just roll in, flop a few $100 bills down and say "I'll take this please.." haha
As much as I am an optimistic person... I highly doubt they would R/V at a 1,000 times its current value or more, just to appease dollarization. Would your claim be a factor in a R/V? Yes... But not the driving factor...
Just my 0.02...
I think if the Dinar had the same numbers on them and the same value as the USD then a lot of Iraqis would begin to use more Dinars than they currently do just because there'd be no difference between the two currencies. It wouldn't matter which currency they used.
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You can respond...I expect you to. Your won't be able to resist. You need to defend your ego. Go ahead........But really if the truth be known all I want to hear outta you is that proof that your guru is telling the truth about his bank screen rumor....if not ..........................just skip it. Carry on....
Pretty good rant (cropped down to the remark about the ego).
Many peeps are really confused, these days, messed up, actually, like, upside down, and bass-akwards about what an ego is.
In clinical psychology an ego is the rational mind. The self-aware self, the logical center of consciousness. The vehicle of sanity. It is when a person has a weak ego they can get totally screwed up. Oh, I know the condemnation of the ego is a popular thing to do but that is done out of ignorance and since because other people do it it is assumed to be okay. But I am encouraging you to research this matter and you will see how I am 100% correct.
Be kind to the ego, your sanity depends on it.
Oh, it's okay to call someone as being an egomaniac or egotistic when they are. As those words are not synonymous with the word ego and what that word means at all. They just look similar.
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How does this monetary limitation apply toward moving household furniture to Belize or Panama?
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Man! We got tanks headed toward Venezuela yet?
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Belize, for a few days then.. thereafter everything else will become classified.
Already classified for me. Why I said what I did.
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Since you folks who seem to have all the answers on lop and re-denomination; I have a couple questions if you can answer:
If they are going to lop the 3 0's then how do you explain the articles that state they will introduce a 100,000 dinar note?
and explain how my 25,000 note will be worth the same as my 25 dinar coins when they have totally different values right now?
your statements would be that my 25,000 dinar would lop the 3 0's and then have a value of 25 dinar well then what would my 25 dinar coin be worth?
I have been through this situation when in Turkey which is totally different turkey introduced a totally different currency and set exchange values to each one individually. Iraq has stated that both currencies would have the same exchange value so the 1 Dinar and the 1000 Dinar would be equal in value after lop and they are both worth say hypothetical value of $3 equally makes sense how?
1 does not equal 1000 no matter how you try to explain yourself unless they do the same as Turkey and assign 2 values.
Oh and when and where did they say they would assign 2 values one for each currency, prove it with a link please?
Pretty simple. The release of the 100K note was quickly cancelled. The proposal was withdrawn, made null and void. History. Done and did with. Over and out. Pish.
Pretty simple. There will be two different currencies. In one there will be a 25 Dinar and no 25K Dinar.
In the other currency, there is a 25K note and no 25 Dinar not.
The 25 Dinar note and the 25K note will buy the same stuff, up to the point the 25K note becomes worthless.
Would appreciate you finding another topic to study.. I feel you would be throwing the proverbial wrench in my/our investment. If you have the means, why not speak about the corruption in office and leave the dinar alone. Seems if you have the ability to convey a broadcasted message, the government screwing us is more pertinent.
I second that. If you need an idea for a story, Sir, how about looking into the legitimacy of the President's holding his Presidency? I would think that could be interesting. . . up to the point your investigation gets blocked.
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I want to visit that face on Mars and see it for myself.
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Well, That's my preference, too. Really, it is! But I would not even begin to dare say they cannot lop because I know they can. And very well might. Just like they continuously warn about.
DON"T ASK ME WHY THIS MESSAGE IS REPEATED HERE. No clue.
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So then put me on ignore and quit crying.....again thats all you do....whine about what other people say....you have yet to show the slightest bit of intelligence about whats going on.....just that your weak because you let other peoples comments upset you as if you are not strong enough to involve yourself in an open forum.....
Maybe you should talk to someone about this....
And FYI even if it revalues at 3 dollars (with some magic involved) guess what I will be doing?? Still working on beemers.....you know why?? Cause I actually enjoy doing what I do....imagine that!!!
So you dont think that simply bringing the dinar to the same purchasing power as the USD is incentive to use the dinar?? The only reason they use the USD is because there is no confidence in their money, and its value is low and impractical to be carrying around large sums of cash.....
Im sure they have enough pride in themselves and in their country that if they had a choice between the USD and the Dinar, and they had the same purchasing power in the streets, I would safely assume that they would in fact resume using the dinar and that the USD would naturally make its way out of the marketplace....
Yeah, and I predict the new currency will have the same values as the USD, one to one-hundred.
Well, That's my preference, too. Really, it is! But I would not even begin to dare say they cannot lop because I know they can. And very well might. Just like they continuously warn about.
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Iraq has to RV now, they can not lop, and become a world economic power in two years with a lop. I say they will RV, then re-dominate later. We will see, but either way, it won't make, or break me.
Well, That's preference, too. Really, it is! But I would not even begin to dare say they cannot lop because I know they can. And very well might. Just like they continuously warn about.
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Hey keep...who you tryin to convince everyone else or yourself? The problem is your tone. You talk to everyone like their retarded. You got your opinion and everyone knows where u stand. Stop waisting your time. Seems like your puttin alot of stock in this thing. What is u will do if it lops? Keep turning that wrench?
Thats exactly what u will do! Im guna go jump off the nearest bridge! Lmao ur such tool baby boy! Grow up...
Boy! You might have something there!
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If they did, I repeat if they did, I would cash in what I have and never make another investment as long as I live. But to tell you the truth, I do not see a lop, because all that re-domination propaganda, is put out to keep the sheep from investing in dinars. Shabbi has already made the statement to make the currency powerful, and a lop will not do that. Futher more the few grand I have invested, won't break me if they do lop, but I repeat, I do not buy that re-domination propaganda coming out of Iraq, because I know they cannot just come out and state they will RV, so naturally they want you to believe they will re-dominate first..
Getting rid of the three zeros makes the currency value visually more realistic. It enables anyone to make change more efficiently and easier. And it allows computers to deal with the numbers better and hand calculators to compute amounts which can't now manage it.And that's needed. So an RD is totally logical, and does not change the spending value. The only down side is that we get screwed as far as ever being benefited by an RV. AND is THAT WHY you are so sure there won't be an RD? It's simply because you don't want it?
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I had a vison once. But it was in 1968 and I was triping on LSD. Well I guess that dont count does it.
Keep going. That could be interesting, and the more believable.
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Banana Pancakes, not just a fattening food, but a state of mind (and a weapon apparently)!
What's even worse is the deuche-lord that quotes the 3 mile long post, then says nothing!!!! Off with his head! (or a -, I suppose)
Yeah, I've seen that. And some peeps don't understand that you NEED to enter the text of a NEW message outside the QUOTE words. So I look for their message inside that long long quote box and find nothing. SOME PEOPLE!
I think I need a nanner pancake recipe. I suddenly have this craving. Weird.
Or how about people who throw cigarette butts out their car window??? Or those who have albums full of self portraits of themselves on facebook?? Or people who bring their jeans to the dry cleaner! REALLY???? LOL..
Back when I could hear it was people saying, ". . . you know," every few words that drove me crazy.
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One is allowed to carry up to 10K worth of currency out of the US without having to file a report.
Pre-RV, that would be a lot of Dinars!
Post-RV, not so much. You likely couldn't even, then, lawfully, pack a single 25K bill without reporting.
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Does anyone have a clue what this thread is about???
I think it took a right turn and went into another direction after the say 5th thru the 10th post!!!!
You guys are a mess!!
[/size]Are you lost? Just go down the hall. Two doors on your left.
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I was reading when my husband walked in to talk to me, didn't realize what he was going to do until it was too late LOL..
.... yep he smacked my monitor! Too freakin funny LOL.... 
I actually kinda believe that.
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nuff said....
Never say never enough is nuff. Always say, "Mo'! Gime mo!"
Are we being scammed?
in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
Posted
Buy the right Penny Stock and you can get very wealthy. Buy the right regular stock, same deal. BUT whether Penny Stock or not, most people that dump money into the stock market lose it. A few make money, and the money they make comes from the losers.
Right.
Some people!