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js214
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Posts posted by js214
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13 hours ago, ChuckFinley said:
I will have to dig it up, but I believe the old and new notes would be accept equally for a two year period. I do not want to say for sure. I would rather copy and paste the exact verbiage.
I'll be looking forward to seeing that to know for sure, and I don't think I will be alone.
What would this place do with out you Chuck?
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59 minutes ago, Laid Back said:
The rate could be lower like Adam said $0.10 and the CBI can declare the use of the dollar and euro illegal in the Iraq market after a period of time.
Im believer of $1:1
One financial analyst has been reporting we are going to a gold backed dollar soon. ( I thought basel3 meant all assets) .Following that line if it is a gold backed dollar , would that not make it .10 on the exchange from current to the new? and if it comes out initially at .10 trade up value to the gold backed .01? which would suck
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On 7/25/2019 at 11:46 AM, Pitcher said:
. Why do that if it’s not going to happen.
To me it’s going to happen. What we get out of this is an entirely different story.
1-1 sounds great but do any of us have a real answer to what we will get. To me that is the big deal now. What DO WE GET!!!
Not to mention how ( with all the confusion out there about QFS/ BS or real?) Digital or crisp cold hard cash from ATM after deposit? Time period to exchange? I know I read somewhere at one point they stated the notes would be good for ten years , with all the confusion some are mentioning short exchange periods, and not withstanding which institutions? Could it be a simple process as it is with other foreign currencies? Logic would suggest it
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15 hours ago, KristiD said:
Though I'm not a licensed tax professional, I believe the following is correct.
You won't need a receipt to cash in, but if you try to claim the income as "Capital Gains" on your taxes, then it is relevant since you've owned your dinar for well over a year and you would get the lower, long term Capital Gains rate of 20% rate. This is a good thread that discusses taxes.
I've seen it discussed in other areas regarding this issue that if you don't have it when filing taxes you might be able to submit what is called a liars affidavit in its place. I have all my receipts and paperwork locked up with my Dinar however just because I believe more information will come out after the RV/RI.
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2 hours ago, Dinarrock said:
Also if it helps you can request a IRS ruling or statement from them after this happens and then you will have it in writing before you file your taxes. I think that costs around 1K to get and I don’t remember the exact name of it but i know of someone that said that’s exactly what they are going to do.
This is probably what I will end up doing .Having it in writing seems the best way to go to move forward
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So it seems to me the closer we get, the more rumors are flying and convoluting the situation ( indeed , turning this into a headache).We have all by now heard the arguments on both sides of the coin , either it being tax on general income or Capital gains. Lately I have been hearing a few additional details that will clearly make it a case by case process. Examples such as capital gains only applying to those who do foreign currencies as their occupation versus the occasional note holder. I've also heard if you are employed elsewhere and just happen to have dinar that would make it a different deal , those who got dinar not being employed and working something more traditional wont be subject to taxes as its supposed to be a non taxable event .General Incomes argument is you would pay more accordingly , than you would on capital gains, but if they change the tax code in three years or less after exchange , you could file an amendment and be due a refund, versus if you pay on capital gains, you could end up owing more. Its been going around also that Trump is working to get rid of the capital gains this year. Just heard a bit ago that some believe there will be an up to ten percent exchange fee outside of the bank spread we are already aware of ,but I've not heard of a exchange fee outside of the spread before... I do not plan to exchange the second this event goes off as I plan to wait and see details emerge from others who do to have a clearer picture. I have even thought I would simply call the IRS and say look , this is what I have in totality for exchange and want to know how much if any do I need to pay , so you will leave the rest alone so I can go sit on the beach in the Bahamas and not have to hear from you anymore .. Lord help us , we're in for a ride when this blows.
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The Aliens Boss, the aliens..
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19 hours ago, ChuckFinley said:
I think it was by "Foot Forward ". I think it was about the nucular sites as well. Hope that helps.
Correct-Footforward26
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1 hour ago, ChuckFinley said:
You must work in tech. Customer says they want it in April and I ask what year.
And here I was hoping to keep it a secret..Not withstanding Ive been in this sandbox for over ten years with these procrastinating fleas called Iraqi's
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Guess we wait to see the IMF post the article to determine if they actually did so , or if someone in Iraq is just shooting off the gums
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5 hours ago, ChuckFinley said:
i think in the follow up release he said "in the coming days".
What Cabinet?
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4 hours ago, ChuckFinley said:
i think in the follow up release he said "in the coming days".
What Year?
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2 hours ago, blueskyline said:
Countries bought Gold like crazy in 2018 . Something is going to place with Gold .It could be for stability and security in an unstable economic environment ? If it is used to help raise currency values ? That remains to be seen . I'm for whatever they use to RI and RV the currency . Thanks Normala .
Could be.Iran just released a gold backed Crypto if I heard correctly
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1 hour ago, ChuckFinley said:
So far so good. Hoping to close this year out with a BANG.
Right there with you .Anything beats waiting this out till the end of 2020 as some have suggested
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Pompeo looked almost as frustrated as many of us have been.Perhaps he got a dose of lets do the pre meeting plan to plan to have the meeting , no one show up , then reschedule and maybe have a meeting up front and personal
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On 1/4/2019 at 10:59 AM, coorslite21 said:
I am no expert......my belief is, and has been, no tax......just a spread of 2% or less....
JMO......CL
Isn't that the same percentage Iraq has been told they need to maintain within for a period of time? I would think part of that reasoning would be so countries would know the spread they are able to charge..so that makes perfect sense to me
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12 hours ago, Floridian said:
Well, this has me thoroughly confused . Why issue new triple-zero notes if the plan is to drop the zeros?
Perhaps because its not what they say they are going to do as much as what they ACTUALLY do?
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7 minutes ago, 6ly410 said:
I can clearly see it imo cheers u all let’s go cbi
Lets not forget its not so much what they say ,but what they do..
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35 minutes ago, Laid Back said:
Looks like a good window of opportunity to RV on January 01-2019.
- Give time to complete GOI and pass important laws
- starting of new fiscal year
- best time to apply new monetary changes
Go hope
Go faith
Go RV
Go $1:1
From your fingertips to Gods ears
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Not much considering Basel 3 is about all assets of the entire country .Oil is only a drop in the bucket of their assets.I think once it kicks in gear they will start working to unlock the rest of those so to speak and this will help add security and solid backing , IMO
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8 hours ago, Rochester said:
Peter Theil is President Trump's chief advisor on technology. He runs Theil Capital, which is an investment fund, that looks for promising investments. Peter Theil used to be Elon Musk's business partner, when they founded PayPal....on which both men got very, very rich....multi-billionaire rich. Eric Weinstein is a top mathematician and economist, and he works for Theil Capital, looking for interesting ways to make shitt loads of money, investing. Joe Rogan is one of the top interviewers on you-tube...maybe the top one, with 4 Million Subscribers. I was watching Joe Rogan interviewing Eric Weinstein, and in the first hour, Eric Weinstein several times was talking about a theoretical investment. What term did he use for this theoretical investment? He called it "The Dinar".....can you guess why? Here's my guess: Eric Weinstein, and Peter Theil are heavily invested in the Iraqi Dinar....that is "The Dinar" investment they talked about .Hold on to your hats. This shitt is going to get real. Treat as rumor. My opine. Go watch Joe interview Eric Weinstein, most recent interview of those two, who have done a couple interviews, if you don't believe me. I can't make this up. And I didn't.
Any idea what episode Number as there are a few Rogan Weinstein Interviews hours long to choose from
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All one needs to do is look at the climb dinar did from when it was fresh after the war till 2010 to see it should be worth more than a dime.Remove the USD from the country and they will have no choice but to reveal its value...
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On 9/23/2018 at 10:43 PM, climber7 said:
WHEN??!!
Soon...
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Thanks for the clearer explanation ,much appreciated
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Really, what is going on?
in RV & Dinar Questions
Posted
Took care of that Ruby for you. Best regards