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Bigboy0854

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Everything posted by Bigboy0854

  1. I requested my new password on 3/13 and received it today - 3/15
  2. Has anyone recently transferred funds from their Warka account to your any of your accounts in the US ? I'm having an Issue with an account I setup through AMERAQ that is managed by Bill Burbank. He uses the Warka Bank to deposit his investors funds. The Ameraq Website states : Deposits & Withdraws at this time are in delayed process while Warka Bank continues to transition back to full operational capacity. Although your requests are being logged and submitted for processing, the bank at this time has not given us a date in which this status will change. Correspondence from the Director of Warka Bank: "Ameraq Newsletter - 4.13.2014 - With regards to the bank, all the court proceedings are going well, even our most recent case for financial damages and compensation the first committee awarded its verdict in favor of Warka. So things are moving positively in favor of the bank. Take care and best regards, Mohammad K. Issa"
  3. I had a Warka certificate of deposit that paid around 10% during 2011. Has anyone recently purchased a warka Cd? If so what is the current rate?
  4. I was not able to login to my Warka account today. I get the message: PASSWORD HAS EXPIRED, PLEASE CONTACT YOUR SYSTEM ADMINISTRATOR!!! I could not locate the system admin contact info. Does anyone have this information? Thanks
  5. IRS opening on Saturday has nothing to do with RV. Normal practice to handle taxpayers who filed 90 day extensions.
  6. IRS will recommend you use FIFO
  7. Here is some strategy from Patriot over at the The Call Squad. Have your friend meet with a private baker to open a line of credit that's secured by his dinar. Typically the bank will give you 50% value of the secured asset. A loan does not trigger a taxable event. If it's determined that Capital Gains tax applies then your friend can cash in 1 year and a day after his purchase. The interest paid on the loan will be far less than the 20% tax savings.
  8. hoopdog - Dinar Trade does not require proof of purchase. What about the soldiers who purchased Dinar in Iraq? Most did not get receipts. snakes251 - Look under your purchasing history on eBay. They now provide 2 years of history.
  9. The problem with this rumors section is that anyone can make up a story that can be completly false. What's the point?
  10. We need facts Pittsburgh Pete & Ironwolf1974. The problem we all have in the community is all the misinformation on the net. I've owned this investment since 2006 and have heard so many people get emotionally drained by the intel. I suggest that we follow the articles and government stats because the majority of the intel is rumors & lies.
  11. PittsburghPete - Please proivide a link to an article or government stat that proves there are 3.5 million US citizens that own dinar. Ironwolf1974 - Please provide a link to an article or government stat that proves there are 3.5 miliion US citizens holding 10 million dinar each.
  12. IMO - already printed - just not in use. Go to http://www.cbi.iq/index.php?pid=Banknotes Lowest denom note in circulation is 50. Also a 1 dinar today = .0085 USD. What are you going to buy for that amount?
  13. Check your math. 4.4 million USD * $1,000 per million = 4.4 billion Dinar
  14. We won't know for sure until after the RV. Read the following from ExecConsult for more insight http://dinarvets.com/forums/index.php?/topic/71490-execconsult-switching-sides/
  15. You will not need proof to cash in - however if the IRS determines that Capital Gains applies after the RV then you will need proof of purchase date.
  16. People expecting a rate and date have to realize that no one other than Governor Shabibi of the CBI can provide that information. If you accept that premise then my recommendation is to relax and let it come to you.
  17. 64jaguar, Try emailing this contact at Warka: ifrd@warka-bank-iq.comMohammad K. Issa Deputy Managing Director Senior Executive Warka Bank for Investment and Finance
  18. The problem I've always had with this type of article is the translation form Arabic to English. I believe the meaning of "raise three zeroes from the local currency" is to lift or remove the three zeroes from the local currency. I have confirmation from a "Boots on the ground" source that the effort of removing of the three zero currency has been going on for several months.
  19. Keep, Would you be interested in calling the The Call Squad to explain why Iraq has to lop? It's an open forum to call in from 8 to 1 EST 7 days a week. 760-569-7676 pin: 637255.
  20. I believe this has to do with the Development funds for Iraq known as the DFI Funds which are protected by the UN until June 30th. Thereafter Iraq has access to those funds
  21. there are tons of intel aka rumors on the net. It can be very confusing. Best advice is to read actual news articles and also rules/law on government websites. Revalue.us does a good job collecting this information. Here is transcript form a fantastic chat: We have all read about important dates, weeks and months surrounding this investment. No matter how long you have been in this investment, days, weeks, months or even years, there has been speculation almost every week that “this could be our week” and / or “This could be a very good month for us”. This “roller coaster” of “intel”, insights, rumors, news articles, visiting dignitaries & Iraq entering into numerous regional or world originations all “looked promising”. This has been like the story of “they boy who cried wolf”, after a while his cries fell on deaf ears. We had heard it all one too many times and we just “weren’t going to go there any more”, right? Let me direct your attention to the END of the story, when the wolf ACTUALLY SHOWED UP, but because the boy had cried wolf so many times, people were numb to his cries. Maybe you can relate… Is this month like every other month has been? Are the current cries this month any different than every other month? The short answer is YES THIS IS VERY DIFFERENT!!! Why? Let’s look at why this month, June is MONUMENTAL in Iraq… The United Nations Sanctions are done this month. I know… You’ve heard this… but have you really thought about it, or have you mumped this news in with all of the other news, all of the other cries, or every other week / month? UN Sanctions govern the way that a country can interact with the rest of the world! Everything that your country produces and exports AND everything that your country needs and imports is governed by these sanctions… Iraq has been under UN Sanctions since 1990 when they first invaded Kuwait. That means that the UN has governed how Iraq could interact with the rest of the world for 21 years and that ends June 30th! In 2003, the UN imposed even harsher sanctions on Iraq. In fact it imposed the most severe sanctions in United Nations History! These sanctions made it virtually impossible for Iraq to trade with anyone. Here’s the kicker, when they were allowed limited trade with other countries, they weren’t allowed to get paid for the trade. Instead that money went into the DFI (Development Fund for Iraq). Then Iraq had to ask for little bits of its own money, and jump through lots of hoops, in order to get access to little bits of its own money to develop the country. All of this, the harshest sanctions in UN History, after 8 long years, end this month. How long would you work at your job if you weren’t allowed access to the money you earned? How prosperous would you be? Iraq has managed it for 8 years and it ends this month! Oh yeah, and that DFI Fund, all of the money that they’ve earned since 2003 (minus what they were able to sweet talk the UN out of over the course of that period), yeah, they get all that money back on June 30th! December 15th, 2010 the UN already lifted the majority of these sanctions AND gave Iraq 6 months to finish up the Kuwaiti File, fully form a government, etc. Iraq has KNOWN for 6 months the importance of this date. They have known for 6 months that this particular day was coming and the exact date as laid out by the UN. It may seem from the news articles that they appear “surprised”, “caught off guard” or “rushing to get everything done” but is it really? The people of Iraq have longed for and prayed for the removal of sanctions for 21 years as it has directly impacted “life as they know it” since the original sanctions were imposed in 1990. They have hoped, dreamed and prayed for this day since 2003 when the harshest sanctions were imposed. It was those extreme sanctions that caused the overnight de-valuing of the value of their currency and the inability to get paid for anything that they’ve exported since then (because all “earnings” were deposited into the DFI Fund). The people of Iraq have known since the majority fo UN Sanctions were removed in December, 2010 that they had six months to finish things up before the “Complete Removal of UN Sanctions” were to take place on June 30th. To compare this date, June 30th, 2011 to any other date that we have focused on in the past (WTO ascencion, Joining the Arab league, or any of the other speculation dates) would be like comparing your house to the Empire State Building. This is HUGE. These sanctions govern the way that Iraq interacts with the rest of the world on every Import, Export and Financial Level! In my opinion, the WOLF is SCHEDULED TO ARRIVE June 30th – July 1st. Everyone had been focused on the story of the boy who cried wolf… Remember though, the end of the story, when the wolf actually showed up and everyone was caught off guard. These are just my thoughts, I hope that they help you on your journey! Your friend, ConnectWithScott Ps. We’ve all heard, “Follow the money”, well, the UN Sanctions affect EVERY DINAR and EVERY DOLLAR and EVERY IMPORT and EVERY EXPORT that Iraq has been involved in for the past 20 years! AND the DFI Fund is where EVERY ONE of those DOLLARS have been sitting, just outside of the reach of the GOI. AND after June 30th / July 1st, Iraq will have the ability to do BUSINESS WITH THE WORLD AND ACTUALLY GET PAID FOR IT!!! THIS IS THAT HUGE!!!!
  22. Why would IRAQ lop their currency and not revalue - it makes no sense. Their currency was artifically devalued in 2004 due to the war. The IMF and Ernst & Young have already analyzed the IQD to support a RV. IMO worst case scenario is that they would lop and revalue. For example 1 million dinar would become 1 thousand dinar time the Rv rate - let's say 3.50. This means you would get a pretty good return on your investment - just not the windfall we are hoping for.
  23. This is good news IMO- If they are printing lower denoms then the value of the currency must be going up. Here is a simple example. Their currency was devalued in 2004. Before the de-value let's say a loaf of bread cost 1 dinar. After the devalue the cost was 1,000 dinar. Now they will be rolling out new lower denom. If the don't revalue then they would have to give the store owner one thousand of the new 1 dinar bills. There is no logic for them to print lower denoms unless the value of their currency is increasing - otherwise they could just use the existing 1,000 denom bill. Regarding our currency Shabibi has already stated that the 2 currencies will co-exist so don't worry about your existing currency. For example if you own a 25,000 bill then the re-value rate will be applied against that bill. As a side note did you know that the US at one time had denoms greater than a $100 bill? Take a look at this website: http://www.highdenomination.com/index2.asp You will see bills as high as $10,000. You can still walk into your bank and deposit the higher denom bills.
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