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Adam Montana

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Everything posted by Adam Montana

  1. Great post KristiD! One clarification on this part, because a lot of people misunderstand it. Charitable contributions don't work as generously as that in most cases. The deduction actually applies to your taxable income, not your tax liability. It's still beneficial to use the deduction, if you choose to give to charity. Here's an example of how it works (this isn't the place to get too deep into tax rules) - I'm using head of household for simplicity. Giving $5 million to charity didn't reduce our taxes by 5 million - it reduced our taxable income by 5 million.
  2. Slight correction - EO 13303 gives US citizens the "right" to invest in things Iraqi, so it is at least partially "documented". But there is no way we can reasonably expect the majority of those who missed out to "just be happy for us". They will come with their hands out. The government will come with their hands out. Luckily for some of us, there are options. VIP is a start, and OSI is an incredibly powerful and diverse way to protect yourself from those hands that will be digging in your wallet.
  3. Nobody cares how long we have been invested. Our "investment" is not registered or legislated or protected, and the voting public (most of whom will not benefit unless we get taxed), will not care about us. The general public will see it as an overnight event.
  4. I see you submitted a ticket - you should hear back today. Don't worry, this will get taken care of quickly. If we incurred a fee due to the chargeback, I'm sure you won't mind covering the fee. I'll close this now - please watch for the Support reply.
  5. YEP. Kind of a no-brainer, and one of the main reasons I invested so heavily into the research and foundations of OSI. Fortune favors those who are prepared.
  6. Forgot to plug the Powerball Pool! Get in here:
  7. Good morning DinarVets, happy Wednesday! If it feels like you just heard from me... the last update was just Sunday the 12th and it was a good one, judging from the commentary that followed! If you didn't catch it, the majority of it was a recap on my theory of what the Rate should/could be. I don't have much to add on that (yet), but what I AM doing today is wrapping up some changes to the RV Text Message service - you will see an official announcement on that soon. FYI - when the value of the Dinar changes (RV!), all members of DinarVets are going to get an email announcement. It will contain information on the rate and any other information that is available at that time. This email is free of charge to ALL members of DinarVets - if you're not a member yet, you can sign up for a free account here. DinarVets members can purchase a one-time text alert, which will alert you to check your email for the announcement I mentioned above. VIP members will get a text message alerting them to check their email. This service is included with VIP at no additional fee. The current TEXT system is still working perfectly, but given the current situation... I felt it was time to revamp it and make DOUBLE sure that no texts would get lost. The "weakest link" in the text system is user input error, so we are going to add a "test" functionality to the system. :gasp: VIP members, and anyone who has purchased the $9.99 text message service - you're going to get instructions on how to verify your phone number and receive ONE test text message. This will be free for you. If you want to change your phone number and test the new number, there will probably be a small fee to run the system and change the number - just to keep it from being abused. The email announcing that should go out by the end of next week. Again, and this is important(!!!) - the current system is still working perfectly. There is no need to worry! If the RV is announced tomorrow, the current system will send out the RV text to the number you entered, as it was entered. I'm also working through the "What to Expect and Do - Post RV" post for the VIP group. I'm hoping to release both of these items at the same time, with a surprise bonus for the VIP members. It should be no surprise that I'm revving up the engines on important things like this. We are seeing the most positive HCL news that we have seen in... well, ever - and I'm putting 100% into making sure all systems have green lights and double failsafes. If you're not in VIP - you should be. The choice is yours, of course! I'll keep doing the Weekly updates until the RV is announced, and then I'll be limiting myself to the VIP group. Best regards, everyone, and make it a great day! Go HCL. Go Iraq. GO RV!!!!!!!!
  8. The stimulus program/checks (and the debt they are tied to) are not going to go away on their own, and you have a point - the money has to come from somewhere! I don't have enough faith in the government to believe that they are thinking that far ahead, unfortunately. The coming increase in Dinar value will help and could present an incredible opportunity to reduce debt and plan for the future. A responsible organization with selfless operators acting in the best interests of the country could use it wisely... but the fools in charge will probably just find another way to blow the profits from it. Then they will turn the cameras on others who profited, and extort us to make up for their foolishness. This is where a "windfall tax" comes in, and why I laugh at the idea of "capital gains" on the profit here.
  9. I'm glad you asked! I’m working through a Post-RV checklist and more for the vip section - I’m going to add that to one of my projects for this week. Specifically, I'm going to add the Cash In Guide as “required reading”. Your answer is in it.
  10. Calculating max taxes is definitely the best way to go! We have multiple options in VIP that will save you a ton. If VIP isn't for you, at least calculate max tax - penalties are bad.
  11. Hey Fancy - if you didn't receive a message from the staff here yet, you may still. I appreciate you bringing it up and more importantly, I appreciate you fixing it. Someone will reach out to you if necessary.
  12. It's a figure of speech. Occasionally people call me "gentleman", to which I usually just give a raised eyebrow. And try not to prove them wrong
  13. I appreciate your awareness, sir! I was just working through that portion of the strategy in the upcoming VIP post... I may suggest that strategy to the group. I may go a completely different way. It's certainly an option, but it's not something anyone should commit to yet. Nobody knows how this will shake out... we may want to cash out 20% and hold 80, which is the exact opposite of what you are considering. I'll be adding my perspective and reasons in VIP. I promise you it's been answered many times here, good sir! But I will do it again Answer: We don't know. Better answer: We can make a good guess, but it's best to consider the options as they are presented to us, which will be after the RV is announced. Most likely, we will have some options for depositing (and holding) as IQD. You may not want to do that, even if you do have that option. This is the exact reason there is a VIP section - so we can stay on top of these things and discuss them in real time, and not get hung up on details that can't be sorted (yet). Does that help? Post RV, definitely yes. At the moment, there is no need for a weekly conference call. Everything we would discuss is already in VIP, and if it's not, the best course of action is to start a new topic in VIP and let every VIP member benefit from it - not just those that make time for a Pre-RV conference call. Post RV - yes, there will be regular conference calls. I don't send an email every week after I post the "Weekly Update" - sometimes there isn't anything worth bugging you about. When I send an email, it's because something important happened, or sometimes it's just because I want you to know I still care and we are still here You do have a couple of extra options. 1. Subscribe to the specific forum section that you want to be notified about. Navigate to the section, then click this part: 2. Subscribe to any member in the same way. Navigate to their profile page and click this part: 2020 could be! That "meet" there, currently? I'd be wary about any groups that are currently meeting in person. The best and safest place to meet for all of your needs, news, etc is right here on DinarVets. I hope for the same. Very very low probability. Ahhhh I see what you are doing there! :tsktsk: I've explained my rate as much as I will at this time. Don't try to trick me into saying more! Please see my above comment to Sir Stetson. If you brought me a 5000 USD note, I would consider that "large". Happy to help, friend! THIS is the kind of stuff I'm talking about! HCL is coming. Here: LINK. "Capital gains" is not going to apply to this. I know some people disagree, and they are entitled to their (wrong) opinions, but I'm firm on a couple things here: 1. We aren't going to get away with Capital Gains. 2. .10 isn't $3, but I'll take .10 and increase it on the backside. 💥
  14. Hey hey Happy Sundayyyy!!! There are so many things that I want to go over right now I barely know where to start! Perhaps "the basics" would be good. Or maybe the rate should be addressed. I'm also working through a "Post-RV - What To Expect And Do" article that will go in VIP this week. There are changes coming in the tax codes (for multiple countries), there are political situations that are extremely relevant and telling, and so much more is happening all at once right now! The "basics" are simple, and that's all anyone really needs to be able to sit back and wait. Iraq previously held one of the highest valued currencies in the world, and one day they will again. Although their country was knocked into the stone ages through a series of events that are now somewhat ancient history, Iraq still holds a majority of the black gold available on this planet. While the world runs on this stuff, and it will continue to do so, Iraq continues to hold an immensely powerful position. They suffered some extreme setbacks, but they did not lose their oil. This is a no-brainer to me - the value of Iraq's currency will rise again. The main holdup has been political. When Saddam was removed, the entire government basically collapsed, and the world lost faith in Iraq's ability to do... anything. The current situation is entirely different than the situation that dropped the value of the Dinar. In fact, the current situation is entirely different than that of Iraq even 5 years ago! We currently have a Prime Minister in place who is finally doing all the right things. I have affectionately named him "Kazzamie" because the progress he's made seems like a magic trick at times! The next crucial step to this journey, and this is a fundamental part of it, is the HCL. "HCL", or "Hydro Carbon Law", is the agreement necessary to furthering Iraq's regaining of wealth. Without the HCL in place, there is no financial agreement within Iraq, and it is more beneficial to the politicians to keep the rate low. Once the HCL is in place, it will be more beneficial to have a higher rate... and we are seeing a LOT of promising news on HCL right now. The rate - let's address that, because it's important. One of the most frustrating things about this adventure is the math. You know the saying "where there is smoke, there is fire"? This applies to all of the rumors you hear from the "date and rate" gurus. Sometimes they are misguided, sometimes they are mistaken, sometimes they are just plain "full of it", but all of the noise - the smoke - begins from a place of reality, and that place is the very real opportunity we have here. The value WILL go up. The question is, and always has been... How much, and when? Unfortunately, there is no way to know for sure. That's why this is called "speculation" instead of "guaranteed", just like "fishing" isn't called "catching". (We all know how many fish you catch if you never throw a line out!) What we CAN do is make reasonable guesses. We can form informed opinions. I have an opinion... this was published a while back, and the theory part still holds true. I may be updating my thoughts on the rate soon, but everything else is still solid. ============ There are plenty of theories on what the rate of the revalued Iraqi Dinar will be, and they honestly range from pennies to dollars… my friends, that is a HUGE difference in ROI if you hold several million Dinar! If the rate is several dollars, then your holdings could equal several million USD! If the rate is in the pennies, then your investment is potentially worth several tens of thousands of dollars… BIG swing there, right? I’m going to list a couple of speculated rates and the reasons behind them, then I’ll tell you what I think is most likely. Speculated rates and theories: Based on Kuwaiti Dinar. It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits. Based on "dropping the 0′s" It’s mentioned many times in the news that the 0′s could be dropped, which would mean one of two things: 1. The 0′s are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost. 2. The 0′s are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086). This means your dinars are worth .86USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees. (If you don’t understand the “spread”, or you think there will be no spread, PLEASE read my free Cash In Guide. It’s located here) Based on “equal to the USD” We see articles all the time that reference the US Dollar, stating that the CBI wants the IQD to be equal to the USD. An easy assumption is to simply RV at 1:1, making a 10,000IQD note worth $10,000. Based on “they can’t RV low or investors will buy too much!” Some people state they will not cash in for anything less than $1. They state that Iraq would be foolish to RV at a low rate, because then big money will come in and buy up a ton of Dinar before it can go higher. (This theory is wrong, FYI.) My Thoughts: Keep in mind that I’m trying to keep this as simple as possible. I am going to use hypothetical figures, and I’m going to make my point as quickly as possible… we all have better things to do than listen to me ramble on for days, right? I agree with a few of the speculations above. I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL or Chapter 7(!!!) to be finalized… then it will be “GO” time! But my opinion of the rate goes a little deeper… it includes a “business sense analysis” that everyone might consider. Iraq is a business – and the business is natural reserves. Iraq holds a majority of the worlds natural gas and also black gold, also known as “oil”. When Iraq is released from Chapter 7 and the HCL has been settled, they will begin operating their business using the same principals any other successful company uses – the goals being profit, sustainability, and success! Did I mention profit? Yes indeed, friends! PROFIT. The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate. The CBI will ALWAYS choose the path that makes them the most money. Keep that in mind as we continue with this thesis! (*** click here for a detailed explanation on how the CBI auctions work) Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges! I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so. Here’s why: An instantaneous RV to $3.00 will create a ton of wealth – coincidentally, probably about the same amount of wealth that they lost when Saddam Hussein was taken out of power and the value of the Iraqi Dinar plummeted to mere pennies! What’s done is done, though, and we have to look at the situation for what it is today – not what it could have been or should have been. When the Dinar rises in value and people are ready to “Cash In”, there is only one place that will ultimately buy the Dinar: The CBI. Since they control the rate and they are the top of the chain, they can set their spread (the fees they charge for cashing in your Dinar) to any rate they want. I’m of the opinion that they will jack that rate up as high as possible in the beginning… and who’s going to say no? The CBI has a monopoly on this market and it is theirs to do with as they please. A normal foreign currency exchange carries a “spread” of 2-6%. This means if you exchange $1000 worth of a foreign currency, you can expect to receive approximately $940 after the spread is taken out. Those numbers in the middle aren’t important, the only important thing is what you walk away with. Since the CBI has complete control on the spread, which trickles down through every single banking institution that handles the Dinar, we are at their mercy. Don’t miss this next line: If the CBI won’t buy your dinar, then you will not be able to cash in. Take a hypothetical rate of $3. The CBI can (and probably will) put a hefty spread their buy price – I’ve heard it will be at least 25% if they RV high. This means they will sell the Dinar for $3, but they will buy it for $2.25 Personally, I’d be grateful and overjoyed to see a 25% spread on a $3 RV! Most likely, we will only see about $2.00 per Dinar at a $3 RV by the time it gets in our hands (every party involved will take a little chunk, unless you are physically able to go to the CBI. And you can’t do that. So, just accept it – you’re going to pay a spread.) Once again, the extra numbers aren’t important right now – the only number that’s important is the $3 and the $2.25, because that’s what the CBI is worried about. Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD. The CBI pays $2.25 for every $3 worth of Dinar, then resells it the next day for $3. That’s a profit of $75 billion just on the spread. Not bad, right? The problem is it cost them 225 billion to do that… and that 225 billion goes right into the “debt” column. My friends, Iraq isn’t about to go into debt so we can get rich. Therefore, a $3 RV isn’t the answer, and we must look at another possibility. Take a hypothetical rate of $0.10 (ten cents) Again, using the same numbers we have 1 Trillion IQD that needs to be changed out to smaller denominations. The CBI announces the rate at ten cents and also announces that your large notes will be worthless in 90 days. Every investor would love to hold out for a higher rate, but in this situation you have no choice… you cash out. The CBI will likely use the same spread, so they will buy 1 trillion Dinar at a rate of .10, minus 25% spread, which gives us about $750 for every 10,000IQD note we have… and the CBI makes 250 million in the first 90 days at an expense of only 1 billion. This puts their debt on this transaction at only 750 million… a far cry from the 225 billion in the $3 RV!!! However, this is only the first step. Now I’ll show you how Iraq can easily wipe that debt out by ReValuing the Dinar at a lower rate initially, then making money as the Dinar increases in value over a relatively short period of time. What about all the other investors that will now come in to buy up the lower denomination notes, speculating that the Dinar will continue to rise? I completely agree that this will happen! And the CBI will continue to make money on it. In the above situation, the Dinar is being sold by the CBI at .10USD per 1IQD. After all of the large notes are brought in, it is reasonable to assume twice as much money will be poured back into Dinar by speculators, at .10. Now the CBI is able to sell 2 billion at 10 cents, and they can move the peg on the Dinar up a bit – say, to 15 cents. Investors will cash in for a profit, allowing the CBI to resell at the higher rate and once again make profit. Of course, not all investors will cash in at 15 cents. For the sake of argument, let’s say half of the investors sell out at that point. The CBI pays 0.1125USD per dinar (A profit of 12.5% for the investors!!!) and resells that billion for 15 cents – securing a profit of 375 million. The CBI’s “debt” on the original RV is now down to 375 million… do you see how this is working? The CBI is able to make up the “loss” on the original RV simply by continuing to hold auctions and allowing more and more people to profit on the increasing value. At this point, in our hypothetical situation of a 10 cent RV, the CBI has covered half of it’s loss with only one “repeg”. They can continue to profit all the way up to the final rate of $1, $2, $3, or higher – as long as investors are willing to buy the Dinar, they can keep moving it up. And the way things are going over there… why wouldn’t we keep buying? I know I plan on doing so! In conclusion, I want to caution everyone to be careful with this investment. As good as things look, we never know when some hairbrained Arab is going to pull the pin on a grenade or something silly like that. Only buy what you can afford to lose, and always consult a professional before making investment decisions. =========== // ============ The above was written years ago, and it all holds true to this day. When I originally wrote the above thesis on the rate, we were waiting for Chapter 7 and the HCL. Chapter 7 is done. HCL is next. The RV will be shortly after that, or it will happen simultaneously. Either way... we are closing in on the final day. Go HCL, Go Iraq, GO RRRRRVVVVVV!!!!! Happy Sunday, everyone! - Adam
  15. I figured that Shabs is a smart guy. He's said many times that the IQD could increase, but a $16 price tag is just silly. I'm still (mostly) on the ten cent train. I can see a flat dollar. I'll agree that even the RI rate of $3.26 is possible. But $16... I just can't see Shabs saying that. Carry on!
  16. This might be my first SATURDAY entry! Lucky 7/11!!!! ☘️ Me: 28 31 34 46 64 PB 21 Staff: 25 30 32 44 51 PB 26
  17. I'd love to see a source on that So the members can comment on it. You're welcome.
  18. In other news, speaking of things that make us cringe, Miriam Webster just confirmed (again) that “irregardless” is a word.
  19. Good morning and Happy Wednesday! I'm keeping this one short due to lack of time this morning - I'm still barely getting caught up with (life) after an amazing holiday weekend. Nobody lost any fingers (or other valuable appendages) at my house, despite our best attempts. Obviously that means we are getting good still lucky! My next update will be sooner than next Wednesday, and the likelihood of it being PACKED with good stuff is high. HCL is progressing. No, we don't have it done yet. But YES, it is progressing! Stay patient just a little longer and "ye shall be rewarded". OIL is currently OVER $40. Still stable, still positive, still a great place. P.M. Kazzammie is still in good graces where it counts, still making moves, and I still like his trajectory. We are just waiting for a little gust of wind to sail us the final stretch. The port is in view, anchors are up, sheets are ready to be filled... hang in there, friends! Be sure to get in the Lotto Pool while you wait! Warmest regards, and brimming with excitement to do the next update, - Adam --- admin edit: ---- Weekly update continued here.
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