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Phoenix

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By letsroll,
in RV & Dinar Questions

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letsroll Newbie

letsroll

Posted
Posted

Phoenix posted earlier about being careful with offshore investing.... where is the post or thread can't seem to locate it now ?

He always has very level headed info and was wanting to re read it and get a better grasp of his take on it ............. sorry if this is the wrong section , didn't know where this post would go .................

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Nicovetter71 Newbie

Nicovetter71

Posted
Posted (edited)

Phoenix posted earlier about being careful with offshore investing.... where is the post or thread can't seem to locate it now ?

He always has very level headed info and was wanting to re read it and get a better grasp of his take on it ............. sorry if this is the wrong section , didn't know where this post would go .................

Here's a link to some of the thread...I don't know if it was it's own topic, but this topic has the same post in it.....hope this is what you were looking for!

Edited by Nicovetter71
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junitman Newbie

junitman

Posted
Posted

I actually copied it--- Here it is, but I wouldn't expect it to stay up for very long. lol

Posted by Phoenix

"Well there are many reasons for them to get the bills in and to make them void.

1. Control of outstanding wealth that could be hidden and used by terrorist.

2. Tight control of currency in circulation to meet IMF and World Bank standards.

3. Iraq may join the GCC and switch to the GCC common currency soon after the RV and to do that they MUST have 100% control of the currency in circulation for acurate transfer and accounting.

Do I think this is a "set up"? YES I do!

I strongly STRONGLY advise all to use your local bank and to support the United States banking system.

Please be advised...the United States Patriot Act will be in 100% full force effect and all government eyes will be on every single Iraqi Dinar exchanged.

I have always said that not everyone will be ok after the RV.

Mark my words....there will be people arrested and funds siezed under the power of the Patriot Act.

Every forum has federal agents as members...even this one.

I see forums who are openly and some on a closed "membership only" basis advocating tax evasion and off shore ways of cheating the United States government out of due taxes.

I see forums who are advocating the use of "charitible orgs. (501-3c)" to hide / insulate funds from taxation.

I see people scamming people with bogus Trust that people are paying for.

The Dinar forums are rife with scam and fraud and every single one of the scammers will go down and all involved with them will lose all of the wealth they are about to come into.

This whole revaluation of the Iraqi Dinar is nothing less than "low hanging fruit" for the money hungrey federal government and ANYONE even SUSPECTED of fraud, tax evasion or ATTEMPTED tax evasion or ANY suspisious activity will have all funds siezed and or taken under the authority of the United States Patriot Act.

This is like a test...and IF someone is so dishonest or so greedy or so stupid to attempt to hide money from the US Government then those people have will have failed the test and are either too greedy, too dishonest or too stupid to handle such a large amount of wealth and being so it is in the best intrest of the public that the wealth be siezed from those who are seen to be too dishonest or stupid to control such a large amount of money for the safety and well being of all.

YES!..we must be wise with our money and YES we should do our best to retain as much as we can...BUT!

This is to be done AFTER you exchange at your LOCAL BANK and AFTER you pay ALL DUE TAXES as advised by the tax pro of your choice.

No joke....this is serious stuff.

Best of luck to all.

Phoenix"

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Nathan11 Newbie

Nathan11

Posted
Posted

I'm taking mine to my local Wells Fargo, I have a friend who manages the branch there and she's hooked me up well. I purchased extra dinar to cover taxes, and have an asset protection specialist setup to cover my arse for all other contingencies. This is such a great deal anyway, there's no reason to be greedy. Just figure the taxes into your bottom line and it will all work out from there.

If this investment is an emotional decision, then you may find yourself blowing through the money regardless of your taxes. Educate yourself to be business savvy, surround yourself with the top recommended business professionals and experts, and life will be good. The biggest problem that people encounter when they come into great wealth is themselves! The only cure to "stinking thinking" is to retrain your brain from your past beliefs about money. I recommend submersing yourself in books on investing, as well as playing the Cashflow101 online game at RichDad.com. I also recommend getting a professional success coach, to help mold your mind away from your past limiting beliefs and "poor" thinking.

Here is a copy of an email that I sent out to my friends and family that is invested in the IQD, enjoy...

As you know, the RV is almost upon us, it’s just a matter of days, possibly longer. With a sudden change in financial status, statistics show that most winners of the lottery file bankruptcy within a few years. To help you my friends, to avoid this financial pitfall, I have some advice for you. There is an old saying, if all of the wealth in the world was redistributed evenly to every person on the planet, within only a few years, the rich would be rich again and the poor would be poor again. This is due to our mindset and beliefs about money. Wealth is not about how much money you have in your bank account, it is about your financial intelligence and your willingness to take calculated risks. Here is the solution, you must retrain and educate yourself to be a rich person.

My advice:

1) Wait to cash in all of your Iraqi Dinar until after you have consulted with a CPA and an asset protection lawyer. Taxes are only one of many issues that you will need to consider before cashing in. Cash in enough to throw a nice party, and retain the best and brightest CPA's and lawyers money can buy.

2) Don’t just cash in with any bank and accept their “spread”, banks NEED your deposits, so you have leverage when bargaining with them.

3) I recommend that you read the following book, Rich Dad, Poor Dad, by Robert Kiyosaki. In it, he details the differences between how rich and poor people think, poor people buy liabilities (toys) while rich people buy assets (anything that puts money into your pocket on a regular basis). With the RV coming, it is ok to pay off some debt and buy some toys, that is not a problem! Enjoy yourself! However, please ensure that you have a plan to invest your money into assets for the long term.

4) Play the Cashflow101 board game with a Cahsflow club or online at www.RichDad.com. This game helps you to realize your true beliefs about money and spending, and it will help you to retrain your poor mindset into a rich mindset. If you need access to a Cashflow club that meets monthly, I am involved in one here in SLC, UT. My understanding of this game is what helped me to recognize the Dinar opportunity in the first place!

5) Hang around wealthy people more often; you are who you associate with. Their insights and mindset will rub off on you over time!

6) Read more books on investing and entrepreneurial topics.

7) Get a life coach who understands what it takes to become successful, and meet with them at least twice a month, they will keep you accountable and are worth the money! A good life coach will call you to task on your “stinking thinking”, which may be uncomfortable at times. The biggest barrier to wealth is our own attitudes and beliefs!

8) Maybe take some investing classes; good ones will cost you more than bad ones. You always get what you pay for, free classes are worth NOTHING!

9) Maybe join a local (and credible) investors association of some sort.

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xxxgator Newbie

xxxgator

Posted
Posted

I agree and disagree with that post.I do agree we'll be paid close attention too and we should not tempt fate.Iraqi dinar has been taken off the exotic currency list and has went from a terrorist state to an alli on the official homeland security list.If not everyone inthe united states invested in Iraq is in violation of the homeland security act by helping to fund a known terrorist state.Nothing Adam has sugested is illeagal.He states this is how he arrived at his plans for action.Highly paid lawers .501c3 is actually not nessasary if you are a practicing church,Churches are already exempt from federal income tax in the constitution.However it is nessasary for non-religious non profits for filing with the irs as well as some churches us it so that they feel unreproachable or above board .Their are many way's or used to be to shelter your money from uncle Sam. 1 for instsance is the purchace of land and income property.All can be one tax free until the land is sold and a capitol gain is realized.Unless Obama sewed that one up.As far as his opinion's on time frame possible but not probable imho.For many reasons.But the Goi had a few articles in the past debunking that scenario.Will they do what they said? Who knows?Thank's for the post phoenix, i definatly understand the line of logic, but all that is a little bit to x files for me.I hope your wrong.How ever it is a well thought about scenario .Only time will tell.Coming out at .86 with some sort of time period to cash in 30-120 days to pull in all the large bills would be smart on iraqi part.Then rv. to the countries behind closed doors ? maybe but then they have an rv to do later.Plus if they tell every one you have 45 days to get rid of large denoms they will trade for smaller ones!All the real speculators anyway .Some will jump ship but not everyone.Plus if everyonecashed in for lower denom's they have only accomplished trading large bills for smaller not stopping a large payout to speculators.Just my thoughts on it.If you agree with phoenix, or have a different point of veiw ,cool.Phoenix's advice to be dillagent still hold's true...Peace B)

the earlier pheonix post that stired up a bees nest i'm referring to.

the earlier pheonix post that stired up a bees nest i'm referring to.

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dinar4.20 Newbie

dinar4.20

Posted
Posted

I'm taking mine to my local Wells Fargo, I have a friend who manages the branch there and she's hooked me up well. I purchased extra dinar to cover taxes, and have an asset protection specialist setup to cover my arse for all other contingencies. This is such a great deal anyway, there's no reason to be greedy. Just figure the taxes into your bottom line and it will all work out from there.

If this investment is an emotional decision, then you may find yourself blowing through the money regardless of your taxes. Educate yourself to be business savvy, surround yourself with the top recommended business professionals and experts, and life will be good. The biggest problem that people encounter when they come into great wealth is themselves! The only cure to "stinking thinking" is to retrain your brain from your past beliefs about money. I recommend submersing yourself in books on investing, as well as playing the Cashflow101 online game at RichDad.com. I also recommend getting a professional success coach, to help mold your mind away from your past limiting beliefs and "poor" thinking.

Here is a copy of an email that I sent out to my friends and family that is invested in the IQD, enjoy...

As you know, the RV is almost upon us, it’s just a matter of days, possibly longer. With a sudden change in financial status, statistics show that most winners of the lottery file bankruptcy within a few years. To help you my friends, to avoid this financial pitfall, I have some advice for you. There is an old saying, if all of the wealth in the world was redistributed evenly to every person on the planet, within only a few years, the rich would be rich again and the poor would be poor again. This is due to our mindset and beliefs about money. Wealth is not about how much money you have in your bank account, it is about your financial intelligence and your willingness to take calculated risks. Here is the solution, you must retrain and educate yourself to be a rich person.

My advice:

1) Wait to cash in all of your Iraqi Dinar until after you have consulted with a CPA and an asset protection lawyer. Taxes are only one of many issues that you will need to consider before cashing in. Cash in enough to throw a nice party, and retain the best and brightest CPA's and lawyers money can buy.

2) Don’t just cash in with any bank and accept their “spread”, banks NEED your deposits, so you have leverage when bargaining with them.

3) I recommend that you read the following book, Rich Dad, Poor Dad, by Robert Kiyosaki. In it, he details the differences between how rich and poor people think, poor people buy liabilities (toys) while rich people buy assets (anything that puts money into your pocket on a regular basis). With the RV coming, it is ok to pay off some debt and buy some toys, that is not a problem! Enjoy yourself! However, please ensure that you have a plan to invest your money into assets for the long term.

4) Play the Cashflow101 board game with a Cahsflow club or online at www.RichDad.com. This game helps you to realize your true beliefs about money and spending, and it will help you to retrain your poor mindset into a rich mindset. If you need access to a Cashflow club that meets monthly, I am involved in one here in SLC, UT. My understanding of this game is what helped me to recognize the Dinar opportunity in the first place!

5) Hang around wealthy people more often; you are who you associate with. Their insights and mindset will rub off on you over time!

6) Read more books on investing and entrepreneurial topics.

7) Get a life coach who understands what it takes to become successful, and meet with them at least twice a month, they will keep you accountable and are worth the money! A good life coach will call you to task on your “stinking thinking”, which may be uncomfortable at times. The biggest barrier to wealth is our own attitudes and beliefs!

8) Maybe take some investing classes; good ones will cost you more than bad ones. You always get what you pay for, free classes are worth NOTHING!

9) Maybe join a local (and credible) investors association of some sort.

Thanks Nathan11,

Have you found that your Wells Fargo branch can process there at the branch or will they have to send offsite? I have found that both BBT and BOA in my rural area say they will need to send out.

Greg

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Nathan11 Newbie

Nathan11

Posted
Posted

Very sound advice Nathan .I agree with that 100% read his books a few years back and other's like it.

Thanks Gator, much appreciated! Be well! :)

Thanks Nathan11,

Have you found that your Wells Fargo branch can process there at the branch or will they have to send offsite? I have found that both BBT and BOA in my rural area say they will need to send out.

Greg

I will be able to convert on site at my branch. I am in a big city though. I am a member of a local Rotary Club, and the manager was last year's club president, and because of that, all of my friends and family will be cashing in at her branch. She gets incentives, such as overseas vacations and such, for performing well. Banks love large deposits, it strengthens their scores with the gov't for lending as a result.

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Incountry Newbie

Incountry

Posted
Posted

Nathan,

I agree… the “Cash flow" game is not only fun to play but it really opened my eyes to many things that I didn't see about finances.

It is a little expensive… but parents that want their kids to understand financial fundamentals at a young age... that is the game that I would buy and have in the game room B)

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Nathan11 Newbie

Nathan11

Posted
Posted

Nathan,

I agree… the “Cash flow" game is not only fun to play but it really opened my eyes to many things that I didn't see about finances.

It is a little expensive… but parents that want their kids to understand financial fundamentals at a young age... that is the game that I would buy and have in the game room B)

There is an online version that is free to play at richdad.com, it is one of the few things that contradict my "you get what you pay for" belief, lol. There is a children's version too that I used with my kiddos, they're now ready for the Dinar RV too! haha

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