ronscarpa Posted September 6, 2021 Report Share Posted September 6, 2021 Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Breitling I still expect the dinar to come out between .50 and .60 cents. I still fully expect from what Iraq is saying that when they lowered the value of their currency to pay back bills...the end of October the beginning of November they are going to have a meeting to see where they're at...that's my rate and that's my window... *** Pimpy Article: "Economy News publishes details of signing the agreement with France's Total". This is a good opportunity. Building more relationships internationally, more jobs. I really like what's going on. I think over the last 6 months for sure Al-Kazemi has really stepped up to the plate...the stronger the economy becomes the stronger the currency becomes. That's a big part of it. *** Mnt Goat Article: "3 DECADES AFTER THE INVASION, IRAQ IS CLOSE TO TURNING THE PAGE ON KUWAIT’S COMPENSATION" Quote: “Deduction of 3% of each barrel exported abroad as compensation for the Kuwait war will end next year.” This wording is weird. 2021 not 2022 is their last year to pay complete these payments, so yes it will end in Jan 2022. Oops that date popped up again…WOW..! We have waited for this to end. This will end these sanctions against the Iraq oil revenues and free up this money. 4 7 Quote Link to comment Share on other sites More sharing options...
PrehistoricMan Posted September 6, 2021 Report Share Posted September 6, 2021 So the consensus here is that Breitling is the smart guru. Has he ever given a window before? 1 4 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted September 6, 2021 Report Share Posted September 6, 2021 1 hour ago, PrehistoricMan said: So the consensus here is that Breitling is the smart guru. Has he ever given a window before? I have no idea. But if it does come out at .50-.60¢ I’m all in!!! 💰 1 6 Quote Link to comment Share on other sites More sharing options...
patrick50 Posted September 6, 2021 Report Share Posted September 6, 2021 I would also at that amount turn some in and maybe hold some for awhile longer. I also would be looking at turning some and investing more in cryto! I pray for good things for us all Go Rvvvvv! 2 2 1 Quote Link to comment Share on other sites More sharing options...
yendor Posted September 6, 2021 Report Share Posted September 6, 2021 I have been thinking and not sure of a solution..... Let's say that you hold 3 million IQD and they revalue at $0.50 with a cash-in window of 30 days. So you cash in and have $1.5 millionand purchase $1million worth of the new IQD . Since you are basically just shifting the old IQD to the new IQD can I assume that you have to pay the taxes on just the half million dollars or do you pay the tax on the whole million and a half since you are just rolling one million dollars of it over? This is a really impoertant question for me because if you have to pay taxes on the whole million and a half, you wouldn't be able to buy near the amount and then when you cash in at a higher rate down the road, you will have to pay taes again. If the latter is true, then it wouldn't pay to re-invest' 1 1 3 Quote Link to comment Share on other sites More sharing options...
Artitech Posted September 7, 2021 Report Share Posted September 7, 2021 Me myself and I,like Breitling, he seems to do a good job of answering questions and follow the news out of Iraq! I have somewhat kept up with him in the early stages of this investment. I could be wrong, but I don’t remember him ever having a specific date on a possible RV. He is very conservative about getting excited. Me personally I have hitched my wagon to Adam, now if Adam gives a window, I will be excited about his opinion. So far there has only been one guy right about this investment! I have not heard anything from him in 7 years! JMHO 🤠 6 1 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted September 7, 2021 Report Share Posted September 7, 2021 4 minutes ago, Artitech said: Me myself and I,like Breitling, he seems to do a good job of answering questions and follow the news out of Iraq! I have somewhat kept up with him in the early stages of this investment. I could be wrong, but I don’t remember him ever having a specific date on a possible RV. He is very conservative about getting excited. Me personally I have hitched my wagon to Adam, now if Adam gives a window, I will be excited about his opinion. So far there has only been one guy right about this investment! I have not heard anything from him in 7 years! JMHO 🤠 Artitech have you heard anything from your friend thats in the sandbox over there? Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted September 7, 2021 Report Share Posted September 7, 2021 59 minutes ago, yendor said: I have been thinking and not sure of a solution..... Let's say that you hold 3 million IQD and they revalue at $0.50 with a cash-in window of 30 days. So you cash in and have $1.5 millionand purchase $1million worth of the new IQD . Since you are basically just shifting the old IQD to the new IQD can I assume that you have to pay the taxes on just the half million dollars or do you pay the tax on the whole million and a half since you are just rolling one million dollars of it over? This is a really impoertant question for me because if you have to pay taxes on the whole million and a half, you wouldn't be able to buy near the amount and then when you cash in at a higher rate down the road, you will have to pay taes again. If the latter is true, then it wouldn't pay to re-invest' You won’t be able to buy any of the new lower denoms they will be for in country only for quite sometime and there will be no large notes either to buy anywhere. 1 1 2 Quote Link to comment Share on other sites More sharing options...
moose 57 Posted September 7, 2021 Report Share Posted September 7, 2021 1 hour ago, yendor said: I have been thinking and not sure of a solution..... Let's say that you hold 3 million IQD and they revalue at $0.50 with a cash-in window of 30 days. So you cash in and have $1.5 millionand purchase $1million worth of the new IQD . Since you are basically just shifting the old IQD to the new IQD can I assume that you have to pay the taxes on just the half million dollars or do you pay the tax on the whole million and a half since you are just rolling one million dollars of it over? This is a really impoertant question for me because if you have to pay taxes on the whole million and a half, you wouldn't be able to buy near the amount and then when you cash in at a higher rate down the road, you will have to pay taes again. If the latter is true, then it wouldn't pay to re-invest' I will take whatever I can get and be done. 4 Quote Link to comment Share on other sites More sharing options...
screwball Posted September 7, 2021 Report Share Posted September 7, 2021 re run of the Muppets...... 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted September 7, 2021 Report Share Posted September 7, 2021 $.50 will make me a multi millionaire. Go RV Go asap Go $1:1 2 12 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted September 7, 2021 Report Share Posted September 7, 2021 13 hours ago, yendor said: I have been thinking and not sure of a solution..... Let's say that you hold 3 million IQD and they revalue at $0.50 with a cash-in window of 30 days. So you cash in and have $1.5 millionand purchase $1million worth of the new IQD . Since you are basically just shifting the old IQD to the new IQD can I assume that you have to pay the taxes on just the half million dollars or do you pay the tax on the whole million and a half since you are just rolling one million dollars of it over? This is a really impoertant question for me because if you have to pay taxes on the whole million and a half, you wouldn't be able to buy near the amount and then when you cash in at a higher rate down the road, you will have to pay taes again. If the latter is true, then it wouldn't pay to re-invest' According to Jim George, your taxes will be due at the next "estimated Quarterly" tax date regardless of when you cash it in. So if he is correct, you will need to pay taxes on the profit (even if you haven't exchanged) at the next estimated Quarterly tax date. I'm not saying I agree or disagree with this as I do not know. 1 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted September 7, 2021 Report Share Posted September 7, 2021 13 hours ago, Artitech said: So far there has only been one guy right about this investment! I have not heard anything from him in 7 years! JMHO 🤠 Who is that…? Quote Link to comment Share on other sites More sharing options...
Monkndad Posted September 7, 2021 Report Share Posted September 7, 2021 46 minutes ago, Longtimelurker said: According to Jim George, your taxes will be due at the next "estimated Quarterly" tax date regardless of when you cash it in. So if he is correct, you will need to pay taxes on the profit (even if you haven't exchanged) at the next estimated Quarterly tax date. I'm not saying I agree or disagree with this as I do not know. Why quarterly? Unless you have set up a business. Personal taxes are due yearly. Can someone clarify. 1 Quote Link to comment Share on other sites More sharing options...
Artitech Posted September 7, 2021 Report Share Posted September 7, 2021 48 minutes ago, Monkndad said: Why quarterly? Unless you have set up a business. Personal taxes are due yearly. Can someone clarify. You can pay yearly, I do. But there are advantages to paying quarterly. One being you are not looking at a big nut to crack in your October surprise!!! JMHO 🤠 1 1 Quote Link to comment Share on other sites More sharing options...
davis411 Posted September 7, 2021 Report Share Posted September 7, 2021 1 hour ago, Longtimelurker said: you will need to pay taxes on the profit (even if you haven't exchanged) That’s way it’s done here in Ontario they estimate based on last years numbers so if I make 500,000 last year many times they estimate this year at same If I only make 200,000 this year i get credit back on the over taxes of 300 but if I show that guarantee I am getting a audit again 3 1 Quote Link to comment Share on other sites More sharing options...
Monkndad Posted September 7, 2021 Report Share Posted September 7, 2021 2 minutes ago, Artitech said: You can pay yearly, I do. But there are advantages to paying quarterly. One being you are not looking at a big nut to crack in your October surprise!!! JMHO 🤠 Thanks Artitech Quote Link to comment Share on other sites More sharing options...
Monkndad Posted September 7, 2021 Report Share Posted September 7, 2021 2 minutes ago, davis411 said: That’s way it’s done here in Ontario they estimate based on last years numbers so if I make 500,000 last year many times they estimate this year at same If I only make 200,000 this year i get credit back on the over taxes of 300 but if I show that guarantee I am getting a audit again When I paid me personal taxes I never paid quarterly. I would put the extra in an interest savings account. The extra from the interest would help pay taxes the following year. Hopefully when we all get rich from the dinar we will have a great accountant to help us avoid huge taxes. 3 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted September 7, 2021 Report Share Posted September 7, 2021 1 hour ago, davis411 said: That’s way it’s done here in Ontario they estimate based on last years numbers so if I make 500,000 last year many times they estimate this year at same If I only make 200,000 this year i get credit back on the over taxes of 300 but if I show that guarantee I am getting a audit again Same here in the U.S👍 3 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted September 7, 2021 Report Share Posted September 7, 2021 Feeling very hopeful this year! Iraq is settling down, oil prices are up, debt to Kuwait is pretty much done, the Kurds seem to be happy with Bagdad right now, at least it seems like that, so I am really feeling it this year! Go RV or RI .... 2 6 1 Quote Link to comment Share on other sites More sharing options...
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