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Adam Montana Weekly 12 July 2020


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3 hours ago, alan14 said:

U may have talked about this in the past and I may have missed it. My question is when we have an RV and since I am in VIP!" rel="">VIP, how are you going to get a better spread for your members since you dont physically have all our dinar in your possession to exchange with Wells Fargo, Chase or wherever?


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. 
 

:twothumbs:

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I don't want to be the fly in the ointment, but:

 

A couple of questions for anyone who might know....especially Adam Montana

 

1-Didn't the U.S. government buy a lot of Iraqi Dinar, at the start of war?

 

Comment: Adam suggested Iraq might have a limited time window of 90 days to cash in out of country Dinars.

 

2-Wouldn't that screw over the American government?...they'd be forced to sell at the low rate

 

I have no opinion on this, as I don't know if the U.S. Government bought a lot of Dinar. Maybe it's just speculation I'm remembering.

 

Maybe if they did buy them, the U.S. government would be exempt from 90 day rule?

 

Or maybe Iraq would come out with a stable rate and stick to it....no making profit on rising currency rate.

 

Comments?

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4 hours ago, Rochester said:

I don't want to be the fly in the ointment, but:

 

A couple of questions for anyone who might know....especially Adam Montana

 

1-Didn't the U.S. government buy a lot of Iraqi Dinar, at the start of war?

 

Comment: Adam suggested Iraq might have a limited time window of 90 days to cash in out of country Dinars.

 

2-Wouldn't that screw over the American government?...they'd be forced to sell at the low rate

 

I have no opinion on this, as I don't know if the U.S. Government bought a lot of Dinar. Maybe it's just speculation I'm remembering.

 

Maybe if they did buy them, the U.S. government would be exempt from 90 day rule?

 

Or maybe Iraq would come out with a stable rate and stick to it....no making profit on rising currency rate.

 

Comments?

 

NY Times article from 2007:

 

 "Because the new Iraqi dinar was so popular, the central bank bought billions of United States dollars to keep it from appreciating too much. As a result, billions in cash accumulated in the vaults of the central bank."

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

 

So, what did the CBI use to buy billions of US dollars?  Was it Iraqi Dinar?  I hope so!  🙏

 

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5 hours ago, Floridian said:

 

NY Times article from 2007:

 

 "Because the new Iraqi dinar was so popular, the central bank bought billions of United States dollars to keep it from appreciating too much. As a result, billions in cash accumulated in the vaults of the central bank."

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

 

So, what did the CBI use to buy billions of US dollars?  Was it Iraqi Dinar?  I hope so!  🙏

 

Thanks!

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5 hours ago, Floridian said:

 

NY Times article from 2007:

 

 "Because the new Iraqi dinar was so popular, the central bank bought billions of United States dollars to keep it from appreciating too much. As a result, billions in cash accumulated in the vaults of the central bank."

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

 

So, what did the CBI use to buy billions of US dollars?  Was it Iraqi Dinar?  I hope so!  🙏

 


Well, there’s the big answer. Good find Fluoride! :D:wave:

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@Rochester the theory was that the U.S. Government would not "cash in " but would be allowed to use the Dinar they owned to purchase oil at $35 dollars a barrel no matter what the market value was. Also the theory claimed that when we cashed in the CBI wouldn't be paying us for it, but our Dinars would go into the coffers of the U.S. government's Dinars to buy cheap oil. 

Of course no one truly knows how things will play out and considering the current price of oil the above theory would not be to advantageous for the American government. 

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3 minutes ago, ladyGrace'sDaddy said:

@Rochester the theory was that the U.S. Government would not "cash in " but would be allowed to use the Dinar they owned to purchase oil at $35 dollars a barrel no matter what the market value was. Also the theory claimed that when we cashed in the CBI wouldn't be paying us for it, but our Dinars would go into the coffers of the U.S. government's Dinars to buy cheap oil. 

Of course no one truly knows how things will play out and considering the current price of oil the above theory would not be to advantageous for the American government. 

Thanks for clarifying this.

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I have no idea how this will play out, but my comments are based on my suspicion: Just like the rest of this journey, the Powers That Be will end up making most of the money. With this much money around, I have no doubt that massive corruption will be involved. If I can smell money thousands of miles away, so can the PTB. My comments are hardly a theory, just more of a suspicion based on watching endless greed and corruption, that we should not expect transparency, we should not expect honesty, we should expect some very rich people are going to get much much richer. We should expect games are being played behind the curtain, to the benefit of various forms of the elite. That seems the way life always works. But my hope is, the honest ordinary people in this chat who bought the Dinar will at least get a piece of the action. I hope for enough honesty and fairness that, even though the elites will end up with almost all the money, a few bags here and there will end up in our laps. I finally bought into VIP after watching Adam for a  couple years. I think he knows what he's doing and will protect your interests. That's a lot of responsibility. Best of luck. 

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Thanks Adam.  Do you think the visit this  month by the PM has something to do with the timing of the RV?  Also will the RV be a way the US will be reimbursed for the Trillions of dollars worth of stimulus checks people received?  It has to be paid back somehow, eventually.  Just some things that has been running through my mind.  Thanks for all you and your team do for us.  I greatly appreciate all who add more info to your weeklies as well. 

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20 hours ago, Rochester said:

I have no idea how this will play out, but my comments are based on my suspicion: Just like the rest of this journey, the Powers That Be will end up making most of the money. With this much money around, I have no doubt that massive corruption will be involved. If I can smell money thousands of miles away, so can the PTB. My comments are hardly a theory, just more of a suspicion based on watching endless greed and corruption, that we should not expect transparency, we should not expect honesty, we should expect some very rich people are going to get much much richer. We should expect games are being played behind the curtain, to the benefit of various forms of the elite. That seems the way life always works. But my hope is, the honest ordinary people in this chat who bought the Dinar will at least get a piece of the action. I hope for enough honesty and fairness that, even though the elites will end up with almost all the money, a few bags here and there will end up in our laps. I finally bought into VIP!" rel="">VIP after watching Adam for a  couple years. I think he knows what he's doing and will protect your interests. That's a lot of responsibility. Best of luck. 

 

:twothumbs: 

 

2 hours ago, mowens said:

Thanks Adam.  Do you think the visit this  month by the PM has something to do with the timing of the RV?  Also will the RV be a way the US will be reimbursed for the Trillions of dollars worth of stimulus checks people received?  It has to be paid back somehow, eventually.  Just some things that has been running through my mind.  Thanks for all you and your team do for us.  I greatly appreciate all who add more info to your weeklies as well. 

 

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.

 

:shrug: 

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4 minutes ago, Adam Montana said:

 

:twothumbs: 

 

 

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.

 

:shrug: 

Capital gains = the IRS sifting through tons of receipts and doing tons of calculations for a pittance.

Windfall tax = "You did this one transaction and made that much money? THANK YOU for 40 + percent (or however much WE think you owe) of the profits. "

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1 hour ago, olivesman said:

Capital gains = the IRS sifting through tons of receipts and doing tons of calculations for a pittance.

Windfall tax = "You did this one transaction and made that much money? THANK YOU for 40 + percent (or however much WE think you owe) of the profits. "

 

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. :twothumbs: 

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9 hours ago, Adam Montana said:

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

NESERA/GESERA 

 

 

7 hours ago, Adam Montana said:

Fortune favors those who are prepared

Yes it does 

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I want to create a thread, when we get the call from Adam. I'll be collecting stories, around the theme of "What I was doing when I got my phone text from Adam". Save your stories. Looking for interesting or humor anecdotes like:

-was in church when I got the text, it was quiet, the preacher was coming to pulpit, I jumped up and started screaming

-was walking my dog and screamed so hard I freaked my dog out

-gave my notice at work, boss shocked

-looked like the phone scene from Seinfeld, with George and Vandalay Industries phone call.

(insider joke for Seinfeld fans)

 

 

 

 

 

 

 

 

 

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On 7/14/2020 at 12:58 PM, Rochester said:

Just like the rest of this journey, the Powers That Be will end up making most of the money. With this much money around, I have no doubt that massive corruption will be involved.

 

You may be right and only time will tell.  But, one thing that's different now is Trump.  He's not part of the Powers that Be - and his biggest promise has been to take them down - to "drain the swamp".  That's why he's hated and attacked so much.  The PTB know he's making progress and they're will to do anything - including destroying the U.S. - to stop him.  I am amazed at all that Trump's just announced in his last few press conferences and meetings.  And if the socialist left doesn't get control (and I don't think they will), he will accomplish things we couldn't even have imagined.  He's a capitalist through and through and he wants people to have money so that they can spend it and invest it - both of which support a long chain of jobs and workers and grow the economy.  He has already lowered taxes and has said he wants to lower them again.  I'm not sure that will happen this year thanks to Covid and the collapsed economies, but his actions leave no doubt that he's trying to help people survive and prosper.  He quickly spent trillions to help people and businesses and is willing to spend even more.  He knows how to help the country recover very fast and as one of the world's smartest (if not the smartest) businessmen, his accomplishments to date leave me no doubt that he will be successful.  Next week he'll announce his plan to quell the riots and looting and once we can get control of Covid, I think the sky's the limit with him.  Did you know that just 2 months Trump even suggested that capital gains should be done away with temporarily?  If that were to happen, I'd bet he will let the RV be taxed as capital gains.  And did you know that this year, his administration will allow up to 100% charitable deduction write offs?  That's amazing, because if your dinar ended up being worth, say, US$10 million after the RV, you could actually gift half of it to a charity and get a US$5 million write off on the other half you cash in for yourself.  You wouldn't owe any federal taxes at all, though you'd still owe state income tax.  And if you do it correctly, you can even set up your own charity that you control!  

 

Of course, from where we stand right now, we don't know what the situation will be when the RV happens.  I totally get and appreciate the value of an offshore corporation.  I have one myself and a bank account already set up for it in Belize.  My philosoply is to open as many doors as you can so that you have a variety of options to choose from when the time comes.  But right now the world is in limbo while we wait to see what happens with Covid.  Maybe it will become less and less virilent and just fade away. That looked to be the case a month ago, but now new cases are increasing again.  But if it's a bioweapon, as I suspect it is, it may not go away and may get worse.  It's probable that there will be no vaccine for it since people who have recovered from it are catching it again and it's turned out that their antibodies against it fade away fairly quickly.  They're also finding it does longer term (and we don't know how long yet since Covid's only be here for a few months) damage to the lungs, heart, kidneys and brain.  So it's very possible that the 2nd or 3rd go round with it will turn out to be deadly as people's bodies have already been compromised.  If that happens, global travel won't be popular unless absolutely necessary.  This will destry many countries that are dependent on tourism.  So right now I wonder if I really want a great deal of my money in a Belize bank - or any foreign bank.  Just a couple of months ago I got an email from my Belize bank telling me that one of the other banks in Belize went under, but that I shouldn't worry because my bank is still open and going strong.  But I can't help but think, even though my bank's open now, will it stay open long term?  I actually created my offshore corporation myself and not through OSI, so I don't know what is being discussed there or what kind of options they're talking about.  So I study world events and do my best to evaluate what they mean to me and my situation.  But as someone who lives in a foreign country right now, the U.S., if it doesn't fall to socialism, has an awful lot of positives going for it so, until we learn more about Covid, that is where I'll put the bulk of my wealth.  I will definitely put some overseas, but not most of it.  And I'm willing to pay whatever taxes I have to (though fortunately I plan to give a lot to charity which will decrease that) because at this point I'm very risk averse and believe that it's safest in the U.S.  jmho

 

Like him or not, if you look at Trump's accomplishments through objective, economic eyes, you will see that he's been great for the US.  Countries and people all over the world reconize that and it's why the USD is - and remains, the most preferred currency in the world.  Sure it helps that it's the petro dollar, but right now people all over the world are seeing their currencies devalue against the the USD, which makes most of the world want to hold their money in USD if they can.  Supply times velocity is what gives a currency value and the USD looks like it will continue to have a lot of velocity.  And while you can hold your money in USD in a foreign country, if that country suddenly shutters it's banks (like Cyprus did in 2013) and they take a big chunk of your money and then only give you pennies on the dollars for it, that'd be a real bummer.  I don't think there's any risk free place to keep it, so we all just have to make our own decision about what seems best for us.

 

 

 

 

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39 minutes ago, KristiD said:

 

You may be right and only time will tell.  But, one thing that's different now is Trump.  He's not part of the Powers that Be - and his biggest promise has been to take them down - to "drain the swamp".  That's why he's hated and attacked so much.  The PTB know he's making progress and they're will to do anything - including destroying the U.S. - to stop him.  I am amazed at all that Trump's just announced in his last few press conferences and meetings.  And if the socialist left doesn't get control (and I don't think they will), he will accomplish things we couldn't even have imagined.  He's a capitalist through and through and he wants people to have money so that they can spend it and invest it - both of which support system" rel="">support a long chain of jobs and workers and grow the economy.  He has already lowered taxes and has said he wants to lower them again.  I'm not sure that will happen this year thanks to Covid and the collapsed economies, but his actions leave no doubt that he's trying to help people survive and prosper.  He quickly spent trillions to help people and businesses and is willing to spend even more.  He knows how to help the country recover very fast and as one of the world's smartest (if not the smartest) businessmen, his accomplishments to date leave me no doubt that he will be successful.  Next week he'll announce his plan to quell the riots and looting and once we can get control of Covid, I think the sky's the limit with him.  Did you know that just 2 months Trump even suggested that capital gains should be done away with temporarily?  If that were to happen, I'd bet he will let the RV be taxed as capital gains.  And did you know that this year, his administration will allow up to 100% charitable deduction write offs?  That's amazing, because if your dinar ended up being worth, say, US$10 million after the RV, you could actually gift half of it to a charity and get a US$5 million write off on the other half you cash in for yourself.  You wouldn't owe any federal taxes at all, though you'd still owe state income tax.  And if you do it correctly, you can even set up your own charity that you control!  

 

Of course, from where we stand right now, we don't know what the situation will be when the RV happens.  I totally get and appreciate the value of an offshore corporation.  I have one myself and a bank account already set up for it in Belize.  My philosoply is to open as many doors as you can so that you have a variety of options to choose from when the time comes.  But right now the world is in limbo while we wait to see what happens with Covid.  Maybe it will become less and less virilent and just fade away. That looked to be the case a month ago, but now new cases are increasing again.  But if it's a bioweapon, as I suspect it is, it may not go away and may get worse.  It's probable that there will be no vaccine for it since people who have recovered from it are catching it again and it's turned out that their antibodies against it fade away fairly quickly.  They're also finding it does longer term (and we don't know how long yet since Covid's only be here for a few months) damage to the lungs, heart, kidneys and brain.  So it's very possible that the 2nd or 3rd go round with it will turn out to be deadly as people's bodies have already been compromised.  If that happens, global travel won't be popular unless absolutely necessary.  This will destry many countries that are dependent on tourism.  So right now I wonder if I really want a great deal of my money in a Belize bank - or any foreign bank.  Just a couple of months ago I got an email from my Belize bank telling me that one of the other banks in Belize went under, but that I shouldn't worry because my bank is still open and going strong.  But I can't help but think, even though my bank's open now, will it stay open long term?  I actually created my offshore corporation myself and not through OSI, so I don't know what is being discussed there or what kind of options they're talking about.  So I study world events and do my best to evaluate what they mean to me and my situation.  But as someone who lives in a foreign country right now, the U.S., if it doesn't fall to socialism, has an awful lot of positives going for it so, until we learn more about Covid, that is where I'll put the bulk of my wealth.  I will definitely put some overseas, but not most of it.  And I'm willing to pay whatever taxes I have to (though fortunately I plan to give a lot to charity which will decrease that) because at this point I'm very risk averse and believe that it's safest in the U.S.  jmho

 

Like him or not, if you look at Trump's accomplishments through objective, economic eyes, you will see that he's been great for the US.  Countries and people all over the world reconize that and it's why the USD is - and remains, the most preferred currency in the world.  Sure it helps that it's the petro dollar, but right now people all over the world are seeing their currencies devalue against the the USD, which makes most of the world want to hold their money in USD if they can.  Supply times velocity is what gives a currency value and the USD looks like it will continue to have a lot of velocity.  And while you can hold your money in USD in a foreign country, if that country suddenly shutters it's banks (like Cyprus did in 2013) and they take a big chunk of your money and then only give you pennies on the dollars for it, that'd be a real bummer.  I don't think there's any risk free place to keep it, so we all just have to make our own decision about what seems best for us.

 

 

 

 

Great comment. Thanks. Very interesting read. Much of what you wrote I have thought about, in the past. I think along similar lines, a lot of the time. Maybe you are my sister. Maybe we were separated at birth.....lol...j/k

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1 hour ago, KristiD said:

 

 But if it's a bioweapon, as I suspect it is, it may not go away and may get worse.  It's probable that there will be no vaccine for it since people who have recovered from it are catching it again and it's turned out that their antibodies against it fade away fairly quickly.  They're also finding it does longer term (and we don't know how long yet since Covid's only be here for a few months) damage to the lungs, heart, kidneys and brain.  So it's very possible that the 2nd or 3rd go round with it will turn out to be deadly as people's bodies have already been compromised. 

 

 

 

 

 

Geez!  I just heard last night that 3 of my cousins came down with Covid.  It's just too much to take.    😟 

Seems like Florida is the worst place to be at this time.

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On 7/15/2020 at 1:42 AM, ladyGrace'sDaddy said:

@Rochester the theory was that the U.S. Government would not "cash in " but would be allowed to use the Dinar they owned to purchase oil at $35 dollars a barrel no matter what the market value was. Also the theory claimed that when we cashed in the CBI wouldn't be paying us for it, but our Dinars would go into the coffers of the U.S. government's Dinars to buy cheap oil. 

Of course no one truly knows how things will play out and considering the current price of oil the above theory would not be to advantageous for the American government. 

Yep agree

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2 hours ago, Rochester said:

And if you do it correctly, you can even set up your own charity that you control!  

No need

adopt a davis is the organization I founded

 

they do great work to adopt and look after a davis

 

thats who I would give to charity wise

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Been thinking about the "Windfall Tax", since it's been brought up here.

 

I would like to know how this could be considered a "Windfall" when we have been invested 10, 15, 17 years?

 

A windfall is when you suddenly win the lottery, or that kind of thing.  Something sudden and unexpected.  We have all been expecting the Dinar to revalue for many years.

 

Thoughts anyone?

 

 

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9 hours ago, Floridian said:

Been thinking about the "Windfall Tax", since it's been brought up here.

 

I would like to know how this could be considered a "Windfall" when we have been invested 10, 15, 17 years?

 

A windfall is when you suddenly win the lottery, or that kind of thing.  Something sudden and unexpected.  We have all been expecting the Dinar to revalue for many years.

 

Thoughts anyone?

 

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.

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