tdawg66

I have two trains of thought on the matter of US involvement in any delays. 1) It doesn't make sense since so many of our political leaders are personally holding millions upon millions of dinar themselves - the self-serving politicians aren't going to hold up themselves from making some serious coin and 2) I could see them delaying things since the digital dollar isn't yet released to track our every move and with Billions of dollars on the cusp of coming into the US ... they're going to want to make sure they get their pound of flesh and tracking our every move would facilitate that objective. Iraq doesn't have to have the blessing of the US to ri/rv their currency - at least not from what I've been reading and hearing. Go RV. Haven't heard a word from Adam Montana in a long time ... will we Platinum VIP get notified of where he's prearranged for us to cash in when that day does come?

We all follow various news sources for up to date info / rumor. I read this morning that a preliminary rate of .50 cents per dinar has been rumored ... or $1 USD to 2 IQD. Does anyone have more accurate or up to date info. That seems awfully hard to believe. "2DINAR PER $ ....THE PLAN IS ...STATEMENT FROM PARLIAMENT...MORE INFORMATION SHOULD BE COMING OUT...."

I think I've been misunderstood ... this former IRS attorney says I should pay my taxes and then if I want to protect my gains then I should strongly consider putting them in an offshore corp / account but to do so with the intent of bringing the money back into the country when I need it and to pay taxes at that time is wrong. Sorry for any confusion. This same Tax Attorney said the federal INCOME tax ramification would be 35%. I met with another CPA who said it shouldn't be considered "income" for tax purposes but rather capital gains merely because it's a speculative investment as would buying stocks and then hoping they appreciate in value ... he said 15% as a capital gain issue. I pointed out an small part of IRS Section "988(a)(1) Treatment as ordinary income or loss.—988(a)(1)(A) In general .—Except as otherwise provided in this section, any foreign currency gain or loss attributable to a section 988 transaction shall be computed separately and treated as ordinary income or loss..." The CPA says it should still be address as an investment with any gains being taxed at 15%. Adam, I know you've invested thousands of dollars and countless hours consulting with attornies and tax professionals in order to have assembled this very strategic plan with Belize and all ... I understand the flow and how it all should work - or maybe I'm missing something. I read so much material that maybe I'm over confident. You've never, to my knowledge, said "Trust me" ... and we all have a huge amount at risk here. Maybe I'm getting a bit paranoid as to who I feel I can trust - this is starting to take on the feel of a counseling session. Sorry Adam. I appreciate your advice, your input, your knowledge!!!, your support, your dedication to helping all of us etc ... Is there anything more concrete you could share with me with respect to increasing my comfort level with the cashing in the IQD in Belize and not suffering any tax consequences (prison) ??? It would be much appreciated. Sorry so long to reply.

This is all great information. I've recently spoken with a very competent tax attorney who served as an attorney for the IRS for five (5) years. I described to him some of the possibilities of forming and IBC with offshore accounts etc... and everything that's legitimate in the way of paying taxes .... he asked me some more questions and after he had enough information to process he told me "don't do it, you'll end up in prison ... trust me". He further suggested I be an American and pay my taxes as I should. He indicated the federal income tax would be 35% and my state 5% ... I nearly died. How does Uncle Sam sleep at night raping his own countrymen of their hard-earned profits? 40% - this attorney scared #$!& out of me with talk of prison time. I know I'm going to catch a lot of flack from posting this but info is info ... the dude was an IRS attorney for 5 years... he knows what he's talking about.

Thanks for the great intel ... sure appreciate the step by step explanations for us novices. thanks again. Go RV !!!!!

Do you fully understandy the quote you shared? Your riches won't be going with you when you die. It doesn't mean you can't be financially blessed - without being judgemental but rather opinionated some of the most barbaric people on the planet are rich ... where is their heart and mind? doing ill to mankind. Give food to the hungry, clothe the naked and take in the homeless ... having the financial means to do good isn't bad or evil. Do the most good while you're still on earth. Our investing in Iraq's future does help the Iraqis ... it can also help us help ourselves in some of our unfortunate circumstances as well as help us help others (family, friends, neighbors and even strangers). It's not about "me, me, me" ... an investment like this is no different than you investing into your own IRA or 401k , there are investments funds tied to those investment vehicles too ... if that all about your Funds making money or about you, you, you? Just a thought. An investment is an investment in my opinion and yet the Iraqi Dinar adventure allows us to help a country while hoping to have a return for ourselves whereby we may heal some of our hardships as well as help others ... good night.

I did some further reading and found an article ... this should have been posted with the initial topic posting. http://www.debka.com/article/8652/ keep in mind, you can't believe everything you read. Hey, Nacho Libre ... that picture cracks me up. Peace Out.

A real life example of how gossip gets turned around into some country altering rumor ... hand surgery. I agree with many of the above "proof" ... you can't always believe what you hear, read or see ... time will resolve all speculating. I just hope it comes sooner rather than later.

Oh my goodness ... I'm heard both sides of this concept "stop buying" and "if we do, it won't make a dent in things" ... I have another angle - be positive, be hopeful, be patient, stop whining, give it a rest already, quit listening to all of those people who seem to know the "when" and "how much" - they don't know any more than you or I do. I believe this to be a sound investment - some have been waiting 5, 6 and nearly 7 years. Have you ever heard the saying, "Endure to the end"? I read another thread earlier and it was upbeat, positive, informative and somewhat spiritual. It really made a person feel good about their dinar investment ... I guess it's true, "to each their own" ... I'm outta here "negative town" .... good luck. Nobody wants to hear the ******* and moaning. Oh and another thing ... if the $10 / month VIP memberships send Adam on vacation then power to Adam. It's not like anyone is getting nothing for their $10. Thanks Adam for everything. Keep up the good work! Que todo les vaya bien! T-Dawg

KC6512, here's to wishing you the best in your situation. I'm a part-time realtor by trade and thoroughly have enjoyed learning all of the many facets of the trade. Might I suggest a couple of options and you'll have to research things further on your own accord simply to avoid any personal liability ... before giving up on the house thing find someone knowledgeable in your area and weigh the options of either a "Short Sale" on your house (must be listed by a realtor for bank(s) to process; or a "Loan Modification" via a reputable source and NOT YOUR MORTGAGE COMPANY(ies) ... they're only out for themselves. Wish ya the best. It's not complicated - no matter the direction you choose. Hang in there. T-Dawg

Everyone I know is going to be playing their cards close to their chest. I know that Chase Bank in Southern Salt Lake City, Utah returned their delarue machine approximately six (6) months ago. "WHY?" was my question and no answer in return. I've been doing some research regarding the procedures for cashing in the dinars and we will all need the following form (pre-completed is best) (http://www.fincen.gov/forms/files/fin104_ctr.pdf). I found some information regarding an outfit in Texas that will be exchanging dinars and their procedures will include strict security; however, in my opinion, from how everything reads ... people will be herded in and out like cattle and there was no comment as to whether one would be able to confirm their money wire transfer before leaving the premises. I've been in contact with another gentleman in Santa Monica, CA who assures me that by exchanging through his bank you WILL be able to confirm the wire transfer to your personal bank. I like that peace of mind. Good luck to everyone ... remember to impart of your newly found wealth with someone less fortunate by performing a small act of kindness to others along your journey. T-Dawg

I agree with you 200% in that we've all been blessed merely with the opportunity and WHEN (show some faith) the RV occurs we will be blessed once again. That's when we need to abandon the GREED and while securing our future render aide and small acts of kindness along the balance of our life's journey. Let me share a saying that my wife found and it's rather profound and how true it is ... " God does notice us, and he watches over us, but it is usually through another person that he meets our needs." President Spencer W. Kimball Best of wishes to all. T-Dawg

Very intriguing ... would like more information. I'll drop him a note. Thanks.

Thanks for the information on gold and silver. I've read a recent article that gold is rising and may be a bit of a falsehood as far as its future appreciation may be concerned. I'm not saying the article is true or false but it comes from a gentleman who has worked with investments for 30+ years. He further predicts or estimates that "iron" may be a better investment. Thoughts on the matter would be much appreciated. Thanks. T

Adam, I really enjoyed your post. How true, how true! What does it say in the Bible, " ... by their fruits ye shall know them ..." Adam, you've always been a straight shooter and not listing names in your post goes even further to prove your purest of intentions for all involved. Hang in there, we all hope it's sooner rather than later. You're wise in preparing NOW for what's coming. I've called two very prominent CPA firms regarding taxation and protecting my returns as much as possible from taxation. I've spoken with several banks regarding CDARS, and talking to others regarding diversification once our ships does come to port. I'm very intrigued to hear what you will be sharing soon regarding "doubling or tripling" our returns. Thanks for all of your energies spent on our behalf. Good Day T-Dawg

Thanks for everything ... love the information and links found here at www.dinarspeculation.com

Thanks for the great information.