EXECUTIVE ORDER 13303

[Tubbs]

Like I said the other day, Why are you always a negative nellie? Take a vacation "buddy". You need one!

[Carrello]

You are right, Dinar Buddy. We are not protected under EO 13303, we were never meant to be. It was meant strictly to protect oil companies. There is another EO that allowed the purchase of IQD, and the number escapes me at the moment, but we are protected. You need to look into this, come back and give us the number and details. You need to be responsible for your comments and correct yourself.

You either don't know what you were talking about, or you are trying to frighten people. You say that traders are working through a loop of some kind. Bologna. Do you think the UST would let millions and millions of IQD to be sold, more or less brought into the country illegally? Come on.

Grow up, man up, do some research and come back and tell us you were wrong, and irresponsible. Let's see what kind of a man you are.

I'm free to own any currency that I choose to. EO 13303 is an antiquated document. It would be cool to see how it would stand up in the courts. What an argument!

EO 13303 is not antiquated. It does exactly what it was meant to do: protect oil, and it will be renewed shortly.

[armondtoth]

We are not protected by the Executive Order 13303... Read for your self.

Effects of EO 13303

The primary effect of EO 13303 is the legal protection of US oil companies. EO 13303 is part of a broader endeavor by the Bush administration to exert control over Iraqi oil revenues. The plan centers on the Development Fund for Iraq, created by the United Nations and nominally controlled by the United States, with advice from the World Bank and the International Monetary Fund (IMF). The second part of the plan is EO 13303, providing absolute legal protection for US interests in Iraqi oil.

This Order is in place to protect lawsuits and claims against the GOI funds being held in the DFI and to protect absolute legal protection for US Interests in Iraqi Oil... http://en.wikipedia.org/wiki/Executive_Order_13303

Nothing to do with the Dinar. The traders we are purchasing the Dinar from are registered with the UST, but working a loop called... http://www.mint.com/blog/investing/iraqi-dinar-scam/ "

Lack of registration

It is illegal in the United States (and most other major economies) to market an investment without appropriate securities registration. The scammers get around this requirement in two ways: First, it is technically legal to sell hard currency for its numismatic value. In other words it is possible to sell hard currency as a “collector’s item.” Second, some dealers will register with the U.S. Treasury as a Money Service Business (MSB).

Registering as an MSB is something that dinar dealers will do to put on the appearance of registration and government oversight. However, the difference between a legitimate MSBs and dinar dealers is that real MSBs are not marketing an investment.

Now that we see global arrests, resignations, and corruption being reported and being stopped. We just need to make sure we are 100% prepared for the worst, and hope for the best. We have been hours, days, and weeks for this to show up... only to have waited 2 plus years, maybe more for anything to happen...

So why is it that you are here? We've already bought the Dinar so we will either make money or loose money. You've been stating your Opinion for a while now so just get over it.

[Alex38]

Um.... If this doesn't RV, I will just have to continue being an actor... woe is me...

[Texas1]

Um.... If this doesn't RV, I will just have to continue being an actor... woe is me...

Im by no means a recognized actor, but I have done some short films. Im 5'6.

[Sweetgirl1956]

The taxes when I started out on this roller coaster ride were classified as ordinary income. Now if you read Publication 525, page 33 it reads:

Foreign currency transactions. If you have a gain on a personal foreign currency transaction because of changes in exchange rates, you do not have to include that gain in your

income unless it is more than $200. If the gain is more than $200, report it as a capital gain.

This was revised in 2011 and posted 1/5/2012. This makes it clear that if Iraq revalues their currency and we have a profit of more than $200 it is tax as a capital gain. It is clear and simple now.

[HopefulTxn]

You are right, Dinar Buddy. We are not protected under EO 13303, we were never meant to be. It was meant strictly to protect oil companies. There is another EO that allowed the purchase of IQD, and the number escapes me at the moment, but we are protected.

I think what you are referring to is when the bulk of Iraq was removed from the OFAC list by EO 13350... Before that happened, it was essentially illegal for anyone in the US to perform financial transactions with entities in Iraq. There wasn't anything that was specific to the dinar, but simply allowed financial exchanges again. Here is a link to the info - LINK

[JOLLY ROGER]

Technically and legally, this is not an INVESTMENT. Never has been. We did not BUY anything. No land, precious metals or financial instruments. Any money we make was never protected as "capital gains" because we provided no "capital", and it would only apply if invested in a U.S. company (at least I believe that was the original intent, unless it was really just a rich person only tax break from the beginning).

We merely exchanged dollars for dinars, and will eventually exchange them back, hopefully for a profit. Looks like an investment, feels like an investment, but it isn't. Therefore, in MHO, we do not require any kind of protection. When the IQD becomes a tradeable currency, we can exchange it back for whatever currency we want. No government has the right to interfere as long as there are no sanctions against Iraq. If the U.S. tries to place a "special" tax on us rather than simple income tax, then they are in violation of the constitution and a class action suit is in order (which we will be able to afford to file).

Please stop worrying about this issue!

U

Peace and Prosperity

You pretty much nailed that one with profection.

[easyrider]

well, dinar buddy once again trying to use scare tactics yet fails again

it doesnt even matter if we are protected or not we already own the currency they want their dinar back ill gladly do an exchange for US dollars its as simple as that.

Edited March 6, 2012 by easyrider