Sunday Night Opinions @ 10:45 PM CST - 12/12/2021

[ronscarpa]

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 

 

 

*** Clare  Articles: (1) "The Central Bank: Many Iraqi banks have begun to expand outside the country"; (2) "Central Bank Governor : Iraq has become an attractive arena for investment" THIS SHOWS THAT THE NEW RATE IS NOW BEING ROLLED OUT!  AS SOON AS THEY ARE FINISHED  WITH WHATEVER THEY ARE FINISHING, WHICH WE ARE NOT PRIVY TO, THIS WILL POP AND WE WILL GET TO EXCHANGE!!! IMO  WE SHOULD ALL BE SO HAPPY WITH WHAT THEY ARE SHOWING US RIGHT NOW! I AM!!!

 

*** Frank26  [Iraq boots-on-the-ground TV update] FIREFLY: All news today has been about Barzani from Kurdistan.  He's been meeting with the house speaker...about the Erbil deal.  They're saying they're making sure all parties are working to make the agreement work as they will be addressed when the budget and the rate is reviewed sometime in the early part of 2022.  They're saying that the Erbil agreement will have a huge impact and allow citizens to receive oil as promised to them by our constitution. FRANK:...The HCL is part of the economic reform because it is also in the white papers...

 

*** BobTheTaxMan  Ways to save on this anticipated gain coming from our IQD investment...we have three objectives.  1. Reduce Taxes any way we possibly can.  To do that you look at income, capital gain taxes, estate taxes.  Those are the things we want to reduce as much as possible. 2.  Defer - ...we have a variables. A. We don't know when.  B. We don't know a rate...when this thing comes out let's just say it's a dollar...If...you don't want to have to cash in your IQD at that moment and be exposed to that huge taxation this is where a Charitable Remainder Unitrust (CRUT) comes into play.  It defers that taxable event until later.  The last one which is my favorite 3.  Eliminate them.  I don't want to pay taxes on this gain in any way shape or form and the way you do that is with the Roth... [NOTE:  Consult your tax professionals at the appropriate time to determine the correct tax for your unique exchange strategy.]