Adam's Chat of Wed Aug 31

[paperboy]

[paperboy] everyone sit on your hands!

[Adam Montana] sorry I lost the Q thread! One sec....

[Adam Montana] There is is

[Adam Montana] it*

[Adam Montana] I hate to rush this, so I'm going to make a call partway through to postpone my other plans

[Adam Montana] I have a colleague flying in this evening, and a few things are happening in the VIP section

dam Montana] for instance, bringing in experts on other currencies and countries

[Adam Montana] it's one thing for us to study the news

[Adam Montana] kind of like researching how to pull a tooth

[Adam Montana] but when it comes time to actually do it

[Adam Montana] we're all better off having a trained professional handle the job

[Adam Montana] the first currency I'm bringing on is the VND

[Adam Montana] I made a small suggestion last week, about looking into it

[Adam Montana] I was glad to see the suggestion was well received - I'm not stating a date it will RV, or even promising millions can be made - I'm just stating it's something to keep an eye on

Adam Montana] another thing I'm working on is bringing a few other sites into the fold here, so all of our members can have cross-platform access to much more information

[Adam Montana] of course the VIP benefits will reach across all of them, making VIP even more valuable

[Adam Montana] but I'm not raising the price of VIP (before it gets askd)

Adam Montana] ok so here's where we are with the Dinar

[Adam Montana] this is kind of funny, because as I was reading the chat, I came across a question that really answered it all:

[Adam Montana] caye98 said:

[Adam Montana] Hi Adam, Sticking with the final 3 issues as I understand them; Sunday August 4 begins the new work week in Iraq (the first work days/week after Ramadan and Eid-al-Fitr) and as such we MAY have big things happening...? I recall I reading (does not mean I believe) that the final Ministers to complete GOI were agreed upon and would be announced and seated (again) AFTER Eid-al-Fitr, which started today 8/31/2011 and ends after 3 days.... I have also read about HCL being agreed upon, and just awaits voting on this coming week (again)? If both of the above are completed then Chapter 7 should be lifted within days? Did I just answer my own questions and conduct/complete a chat? A bonus guess...likelyhood pf a rate closer to a dime or a dollar??? (I don't really expect an answer to that...) Looking forward to the weekend VIP letter! Hoping this is the last Labor Day weekend that I am still "Laboring", and next Memorial Day will be recalling when...(long after RI/RV) Thanks Adam! See you in B!!!

Adam Montana] hope you had a chance to read over that

[Adam Montana] the biggest thing is this:

[Adam Montana] I recall I reading (does not mean I believe) that the final Ministers to complete GOI were agreed upon and would be announced and seated (again) AFTER Eid-al-Fitr, which started today 8/31/2011 and ends after 3 days....

[Adam Montana] next biggest:

[Adam Montana] I have also read about HCL being agreed upon, and just awaits voting on this coming week (again)?

[Adam Montana] and the conclusion:

[Adam Montana] If both of the above are completed then Chapter 7 should be lifted within days?

[Adam Montana] Caye98, CONGRATULATIONS on hitting the nail RIGTH on the head!

[Adam Montana] Ramadan is over

[Adam Montana] the work week begins on Sunday

[Adam Montana] it appears that the GOI and HCL matters are resolved, which leads right into Chapter 7 being lifted

[Adam Montana] and that is ALL we are waiting for!

[Adam Montana] ok, so to dispell a couple of false rumors

[Adam Montana] there is no way the RV can be announced Sept 1

[Adam Montana] so don't listen to whatever dingbats are saying that

[Adam Montana] we need AT LEAST 5 more days to see movement on the HCL

[Adam Montana] now plan on a couple days of great news surrounding that, and possibly the GOI firmly planted

[Adam Montana] once that happens, we'll see Chapter 7 lifted

[Adam Montana] this will also take a few days to resolve

[Adam Montana] do the math here - we are at LEAST 7 Iraqi working days from Chapter 7 being lifted

[Adam Montana] I believe they can Revalue the Dinar on the SAME DAY as the official lifting of Chapter 7

[Adam Montana] this is a conclusion I was going to hold close to my chest

[Adam Montana] but everything I'm seeing in my inbox and hearing on the phone is making it a very real possibility, so I'm putting it out there

[Adam Montana] No promise on a date... but we're so dang close I can smell it!

[Adam Montana] can you?!

[Adam Montana] Thank you to all of you that waited till Ramadan was over to join VIP

[Adam Montana] I'm back in full force and I enjoyed taking some time off last month

[Adam Montana] but now....

[Adam Montana] now let's do this rv!!!!

[Adam Montana] one last note before I tackle some questions - this is your last chance to win pig gear!

[Adam Montana] we have an awesome contest going on in the forums right now

[Adam Montana] if you missed it, go here:

[Adam Montana] http://dinarvets.com/for ••• oke-wins

[Adam Montana] there's over 230 jokes posted last time I looked!

[Adam Montana] the winner will be chosen tonight or tomorrow, so get your jokes in if you have any hidden up your sleeves!

[Adam Montana] ok, pause so chat can be copied...

[tennesseem]

GOOOOO RV

[cisole]

GOOOOO RV

[otownpilgrim]

Thanks Paperboy, appreciate your effort. Nice positive chat by Adam. Hope it all happens soon.

[DinarThug]

Thx for the post Paperboy.

Thx Adam !

Piggy just took his Monthly Bath so that must be the RV ur Smellin' !!!

The Sweet Smell of Success !

Go RV !!

[cisole]

Piggy just took his Monthly Bath so that must be the RV ur Smellin' !!!

[paperboy]

Here's the rest of the chat - the questions/answers portion:

hitechal] How about Kuwait Adam? Are they satisfied?

[Adam Montana] dinarsoulmate I hope it's on target!

[Adam Montana] hitechal they don't matter

[Adam Montana] not as much as they used to

[Priscilla] great news.....thank you Adam for all you do for us!

[hitechal] well we all knew that but.........

[Lacey] Adam Montana Thank You

[Adam Montana] Kuwait stalled for years, Iraq has proven they can be stable without Kuwait's support

dinarsoulmate] Adam its ok if its off target. We know we're getting close.

[Adam Montana] hitechal but to answer your question... no, they never will be. they want control of Iraq's resources

[PastorDoug] Adam Montana I have heard that they extened ddthe holiday from 3 days to 6, is that correct

[littlesam] thank you adam

[rockhound60] Adam Montana will all banks exchange the dinar?

[hitechal] good that won't be an issue then

[Adam Montana] PastorDoug i did read something about that, which is why I stated at LEAST 7 days - we need some buffer

[rockhound60] Adam Montana thank you Adam

[PastorDoug] Thanks

[Adam Montana] rockhound60 not all but I know which are going to do so at a reduced spread for the VIP members!

[rockhound60] Adam Montana you have to VIP to find out what banks? i am new here Adam

[Adam Montana] There were quite a few "cashing in" questions, I want to cover that a little

[Adam Montana] rockhound60 no, I'll be releasing information to all members

[Adam Montana] but obviously the VIP arrangements are going to go to VIP members only

[rockhound60] Adam Montana We love you here

[PastorDoug] Adam Montana Shabibi stated seveal months ago that he wanted a long weekend with the banks closed to do the RV. Extending the Holiday will give him that

[Adam Montana] take a look at this page: http://dinarnews.net/benefits

[Adam Montana] PastorDoug I truly hope that's the intention!

[Adam Montana] we all do, i beleive!

[rockhound60] Adam Montana Thank you

[Adam Montana] someone had asked about long term captial gains taxes

[Priscilla] thank you Adam!

[nise] Hello all! Been gone a while..Any rv news today?

[PastorDoug] Adam Montana Yes, I do also

[bubbie] Adam Montana with inflation at 7.1% how much longer will shabibi wait?

[Adam Montana] long term cap gains taxes is not going to happen

[Adam Montana] on a good note, you don't have to worry about your denom sizes

[Adam Montana] 10k, 25k, whatever

[Adam Montana] a note is a note is a note

[Adam Montana] there was a site pushing the smaller notes

[Adam Montana] and creating a little propoganda about WHY you should have smaller notes

[Adam Montana] but it's nothing you should be concerned about

[Adam Montana] now

Adam Montana] something you MAY be concerned about is the length of time to cash in

[nise] which is????

[Adam Montana] this next information is very easy to verify:

[Adam Montana] Kuwait has changed currency I believe 4 times

[Adam Montana] the older 3 currencies are no longer good

[Adam Montana] in each case, holders of the currency had a specific amount of time to cash in

[rockhound60] Adam Montana how long?

[Adam Montana] the shortest period, I believe, was 60 days

[Adam Montana] after that term, the notes were collectors items only

[Adam Montana] we obviously won't know if Iraq intends to do that until they announce it

[Adam Montana] and I will be emailing everyone with that information

[Adam Montana] as soon as it is available

[hitechal] If not Capital Gains, how will we get taxed?

[Doug_W] hitechal regular income

[hitechal] oh goodie

[hitechal] ty

[Adam Montana] hitechal 9 out of 10 SMART investors with actual experience interprettng IRS law and other investments say regular income

[Adam Montana] I live in Wisconsin

[Adam Montana] if i make a million dollars this year

[Adam Montana] I would pay about 45% in taxes

[PastorDoug] If you dont want to cash in, you could to your local bank and exhnge the larger bills for smaller denoms, then you could hold them indefinately, I suspect that after the RV, a dinar will be worth a dinar, regardless of denomination

[Adam Montana] 35% federal

[Adam Montana] I live in Wisconsin

[Adam Montana] if i make a million dollars this year

[Adam Montana] I would pay about 45% in taxes

[ [Adam Montana] 7% state

[Adam Montana] plus AGI and other dings

[bubbie] Adam Montana with inflation at7.1% how much longer do you think shabibi can wait!?

[hitechal] wow u need to move

[Adam Montana] hitechal 35% is standard over the whole country for fed

[hitechal] yes

[Adam Montana] hitechal 35% is standard over the whole country for fed!

[Adam Montana] now

[hitechal] yes

[Adam Montana] I'm going to do someting I don't normally do

[Adam Montana] because I feel we are closer than ever

[Adam Montana] I don't plan on paying those taxes

[Adam Montana] no i am not evading taxes

[Adam Montana]

[hitechal] me either

[Adam Montana] hitechal exactly

[Adam Montana] anyone that doesn't understand how an IBC can help you

[Doug_W] Sara UR about to get realy busy

[Adam Montana] you NEED to join VIP

[Adam Montana] and spend some time reading the asset protection information

[dreamgirl] bubbie: Adam Montana , with inflation at 7.1% how much longer can Shabibi wait?

[Adam Montana] the information comes from professionals that have been doing this for decades

[Adam Montana] dreamgirl I don't know.... how long is a piece of string?

[Adam Montana] I wish i could tell you

[Adam Montana] I don't think much longer

[dreamgirl] thanks Adam Montana

[Adam Montana] I don't think it's smart to wait much longer

[Adam Montana] and I think Shabs is a pretty intelligent guy

[Adam Montana] so I don't think he will wait'

[Adam Montana] unfortunately things have to be in place first

[Adam Montana] hcl and ch7

[ngodstust2] so what do you think that rate will be ?

[Adam Montana] without those, they face worse things than inflation

[hitechal] longer he waits, the harder it is to get under control

[rockhound60] Adam Montana if someone has 2 mil dinar, what will they be left with after fees and foes?

[Adam Montana] ngodstust2 my opinion is .10 to .25

[ngodstust2] Thx

[Adam Montana] rockhound60 at a $1 RV you end up with about 1.2MM after taxes

[OKLAHOMA] Adam Montana -Hi , my dinar was sold to me from scgs.us and it was stolen from jordan, do you think ill have any problems cashing it in?

[PastorDoug] ddreamgirl Shabibi said he wold RV if the inflation got to 7%, well here it is, he also said he needed a long weekend, with the banks closed, and he has that also

[Adam Montana] at a .10 you end up with 140,000

[rockhound60] Adam Montana i hope for more the $1

[Adam Montana] PastorDoug I'm on YOUR team! Someone email Shabs and remind him!

[Adam Montana] ok I have to go, I spent way too long here

[dreamgirl] PastorDoug ... thank you!

[Adam Montana] thanks for the great chat, everyone!

[visitor]

thanks paperboy for the fast post.

[zaborniake]

I thought Eid was extended to 6 days?

[Bumper64]

Thanks Adam for a great chat, sorry I missed it!

Paperboy, thanks a million for copying this chat for us to read!

[vrnorth]

I thought Eid was extended to 6 days?

Adam: Eid-al-Fitr, which started today 8/31/2011 and ends after 3 days

I read it's 5days ending on the 5th. Was 3days

[brbrlocke]

Thanks for the chat.. Okay Pink Piggy...time for another countdown

[dinarsoulmate]

Paperboy, thanks for posting the second part to the chat. I thought there was some good Q and A there for those, who missed the chat.

[srdedeaux]

Thanks for the chat, Time to RV, RV, RV, RV...........................................!

[Bobbydee]

Now this is good news. Go RV Go!!!!!! God Bless Semper Fi

[BOSTON69]

THANK YOU ADAM FOR ALWAYS BEING SO HONEST, I NEEDED THE REALITY CHECK AND LOOKING FORWARD TO CASHING IT.

ADAM THANKS, BROTHA!!!!!!!!!!!!!

Richie Valle

[Brisco]

Thanks for the post paperboy.

I appreciate the way you just lay it out there ADAM GO RVVVVVVVVVVVVVVVVV

[paj1985]

Does adam follow the muslim faith? Not that it matters! But just curious.

[Theflyingbird]

Adams timeline should give Okie and his buddies plenty of time for some serious pumping. Adam I hope you are right about this being very close. Thanks for the great chat!

[Danneedsrvnow]

[Adam Montana] it appears that the GOI and HCL matters are resolved, which leads right into Chapter 7 being lifted

[Adam Montana] and that is ALL we are waiting for!

Although you Adam, are the only source for dinar intel that I truly respect & trust........I am not yet as optimistic as you seem to be in your above statement.

Do we really have any idea how long the voting process will take?

I am however still very hopeful the rv will happen by mid September.

I will be more confident once the GOI & HCL are final.

[Caye98]

Thanks for posting Paperboy

Adam, thank you again for all of your work, research, and creating this site for us to learn and plan from!

[Danneedsrvnow]

I thought Eid was extended to 6 days?

Where did you get this info?

Just curious.......

[paydirt]

Thanks to All The Mods. and Adam For all the Great work ... Go DV VIP... Go RV....

[fastarnie]

It's hard not getting excited. Makes me think I'm going through the corkscrew of this rollercoaster ride instead of pulling onto the exit platform. Please let it be the exit platform.

Thanks for the chat and thanks for posting.

[jcfrag]

I luv all you peeps out there that keep this site alive and moving swiftly to the big RV. Adam is not a mere guru, he is THE man with a plan, surrounded by some of the BEST support available! Makes me proud to be a Montana Dinarian !