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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, January 5, 2012

An Interview with Scooter, 5 JAN

I was recently fortunate enough to be granted a couple of hours with one of the most prominent and prolific dinar researchers out there.  He's been around for a couple of years and he goes by the name of Scooter.  As he points out in the interview he has never been paid for his research and doesn't sell anything.  He started sharing his research in an effort to combat the misinformation and "intel" that was misleading people about the dinar, often with disastrous results.    

  
  Sam I Am: I appreciate you taking the time to chat with me today.

  Scooter: Oh, you're very welcome
  Scooter: thank you for having me

  Sam I Am: Can you tell the readers a bit about your background?

  Scooter: Sure.
  Scooter: I was Born in Southern California.
  Scooter: The family then moved to the great northwest at an early age.
  Scooter: Northeastern Washington is a beautiful place to grow up.  It was a small town 80 miles north of Spokane in the northern rockies.
  Scooter: It was particularly interesting being the wild and crazy kid that I was and
           your father was the Varsity football, wrestling, and Golf coach.
  Scooter: After high school, I moved to Phoenix and Went to College
  Scooter: Got my four year degree in 2.5 years
  Scooter: I knew if I didn't go blasting right through
  Scooter: I would never get it  -- they called me PRIMATE back then - don't ask...
  Scooter: Started my first professional position in software design
  Scooter: moved to Chicago and got recruited by a very large organization
  Scooter: to manage their software development teams throughout North America
  Scooter: It was at that time that I did two things that changed my life
  Scooter: One
  Scooter: Started playing the FOREX market
  Scooter: Two
  Scooter: became a partner in a small startup software company
  Scooter: The FOREX venture started out bad --- at least the first week
  Scooter: we'll get to that in just a second
  Scooter: but the software venture exploded worldwide
  Scooter: The package was sold in 90 countries and 13 languages
  Scooter: big hit!

  Sam I Am: impressive

  Scooter: We sold the business in 2001 but I was still playing FOREX.
  Scooter: again -- wait for that story because it gets good
  Scooter: Nevertheless, sold the software company and moved back to Phoenix
  Scooter: Chicago has incredible culture and people but the weather really stinks!
  Scooter: Now
  Scooter: back to the FOREX
  Scooter: I started FOREX in 2000
  Scooter: maybe 2001
  Scooter: anyhow, I went into the game and purchased Forex Made EZ.  Essentially, the product was
           supposed to do it all and provide indicators as to when you buy and sell.
  Scooter: In essence, I didn't have to think.
  Scooter: So, as a result the first week, being the impatient man that I am
  Scooter: I got DRILLED !!!   I lost about 10k that first week

  Sam I Am: ouch

  Scooter: My better half lynched me !!!
  Scooter: but I loved this market
  Scooter: it was like nothing I've ever experienced
  Scooter: As a result, I had to go to classes before I could ever start trading live again.
  Scooter: somewhat funny -- but I learned a very hard lesson that I still practice today
  Scooter: Essentially,
  Scooter: Never chase the market
  Scooter: always let the market come to you!
  Scooter: My instructor pretty much told me my problem wasn't that I made the wrong decision
  Scooter: it was more of a patience problem from being a MAN
  Scooter: haha
  Scooter: anyhow -- I loved this market and ever since i've been active on and off for the past decade
  Scooter: At this time, I currently live in Phoenix and just acquired another software company and it's on the precipice of exploding
  Scooter: so, I'm pretty excited
  Scooter: I purchased my first DiNAR in 2005
  Scooter: and my last batch in 2006
  Scooter: I was on a plane traveling from Phoenix to San Diego
  Scooter: and saw a full page spread in USA Today
  Scooter: and bought immediately after exiting the aircraft
  Scooter: I thought it would be a 8 - 10 year play
  Scooter: and thought it would open around $0.35
  Scooter: WOW!
  Scooter: That was one long sentence
  Scooter: LOL

  Sam I Am: that's okay
  Sam I Am: How did you get started on the dinar forums?

  Scooter: Ahhhh
  Scooter: The forums ---
  Scooter: Let's see, I think I joined one of the major forums in late 2009
  Scooter: I met a couple of folks and went to chat in hopes to learn a bit more about this investment.
  Scooter: At that time, I was hot and heavy in playing FOREX.  I was glued to analsys and research to learn about what's happening in the marketspace
  Scooter: I mainly was playing the majors -- rarely the exotics
  Scooter: but I quickly found out that the leaders in these forums
  Scooter: were stating information that was completely inaccurate but I stayed quietly on the sidelines

  Sam I Am: What do you think about the information available on the forums?

  Scooter: Since that time, the information and research has improved 100%
  Scooter: but I still think the community suffers from some basic problems
  Scooter: One
  Scooter: too much of the information is based on "INTEL"
  Scooter: and not on factual data coming from the organizations that do this type of work everyday
  Scooter: Just my opinion
  Scooter: at that time in early 2010
  Scooter: the information was being spewed out there and I knew for a fact that it was completely off base
  Scooter: and I also witnessed innocent people getting hurt
  Scooter: hurt badly too
  Scooter: They were overleveraging themselves to the point of losing their homes and looking at this investment as a lottery ticket
  Scooter: As a result, I engaged myself and started the massive reading binge
  Scooter: Started posting the information and the response was
  Scooter: well, it overwhelmed me and I was honored by everyone's appreciation

  Sam I Am: So Scooter research began as a way of keeping people grounded and getting them to go by factual information?

  Scooter: Haaah!  Yes.
  Scooter: I suppose so
  Scooter: I started doing organized chats
  Scooter: at several sites
  Scooter: not the kind where I came in and chatted with friends
  Scooter: but a thought out written chat
  Scooter: at that point, Scooter Research was "Branded" and had it's own identity

  Sam I Am: I see
  Sam I Am: Let's talk a little about the investment

  Scooter: one second
  Scooter: one last item

  Sam I Am: okay

  Scooter: thanks
  Scooter: NEVER in this venture have I received any fiduciary rewards or money or anything.
  Scooter: I always felt if I did receive cash, my credibility would be severely diminished.
  Scooter: I now have a blog
  Scooter: and now get some minor $$$$
  Scooter: from the ads -- but it's nominal at best

  Sam I Am: if it's like my blog it's very minor

  Scooter: I can buy my wife dinner a couple times a month
  Scooter: lol
  Scooter: Exactly
  Scooter: But I enjoy having it and it's my center where I post all my material
  Scooter: it's a hobby I guess
  Scooter: but

  Sam I Am: now?

  Scooter: now, your question

  Sam I Am: What do you think the current money supply is in Iraq?

  Scooter: Haha
  Scooter: ok
  Scooter: Well, once again, I look at the facts
  Scooter: and I take that one step farther
  Scooter: for example, when the CBI post there bi weekly financial indicators
  Scooter: I like to verify this data with other organizations
  Scooter: Because data and statistics can be made to look many ways
  Scooter: depending on the audience
  Scooter: and in Iraq's case -- a double verification is always a good practice
  Scooter: anyhow
  Scooter: when taking a look at those numbers -- I try to verify with the IMF database or World Bank Database, etc..
  Scooter: etc..
  Scooter: does that make sense
  Scooter: I hope so
  Scooter: just a practice I try and do

  Sam I Am: yes

  Scooter: so back to circulation amount
  Scooter: and in Iraq, outside of banks right ?
  Scooter: ok

  Sam I Am: ok

  Scooter: As of December's report ---
  Scooter: the November's number are clearly showing 26.866 Trillion IQD outside of banks
  Scooter: shows m1 to be 57.997 Trillion
  Scooter: M2 67.160 Trillion
  Scooter: now
  Scooter: with that said
  Scooter: there's some variables that we need to look at
  Scooter: one, some of that could be in reserves of other countries
  Scooter: and those reserves will never see the shores of Iraq ever again.
  Scooter: that number is unknown right now
  Scooter: and nobody knows what that amount currently is
  Scooter: but
  Scooter: we do know that within the immediate area of baghdad
  Scooter: there's approximately 4 trillion in hard currency
  Scooter: Saleh just reported that one
  Scooter: with that said, and knowing Baghdad has approximately 6 - 8 million of the populace
  Scooter: we can start dissecting and making educated guesses
  Scooter: Now, the other unknown in this equation are two items
  Scooter: The $173 Billion USD sitting at US Treasury account that came from the DFI's Savings account
  Scooter: two
  Scooter: We don't know, how much $$$$$ is being sheltered from the partner countries
  Scooter: to be dedicated to Iraq when the structural changes go down
  Scooter: What do you think the circulation in Iraq is?
  Scooter: hahahah
  Scooter: sorry, I know., you're doing the questions ...
  Scooter: lol

  Sam I Am: My guess is 20 trillion

  Scooter: In Iraq?

  Sam I Am: Like I said, it's a guess

  Scooter: Correct
  Scooter: just like mine
  Scooter: I think it's in the 12 - 14 range
  Scooter: probably closer to 12
  Scooter: I figure outside countries will carry 8 trillion

  Scooter: independent investors is unknown and the speculation is all over the map.
  Scooter: like I said -- everything is a guess -- ha ha
  Scooter: I think the moves that are required to reduce the circulation of the larger notes have been occurring  over the last six months in country


  Sam I Am: Do you think there has been a significant reduction of IQD in circulation in Iraq?

  Scooter: Yes!
  Scooter: I think they will make the structural changes and we'll see a hybrid conversion
  Scooter: the larger notes will be sucked into the CBI and they will SOIL those notes immediately
  Scooter: the value is still the same -- i mean of the aggregate number ---

  Sam I Am: replaced by USD?

  Scooter: if the value of there reserves were 25 Billion before -- it will be valued at 25 billion when they convert
  Scooter: No
  Scooter: they need to to create immediate demand for IQD
  Scooter: they need to de dollarize their economy and fast

  Sam I Am: right
  Sam I Am: that's their stated goal

  Scooter: Their goal will be to make the IQD the standard throughout the country
  Scooter: and make it attractive to do business inside the country and to investors inside and outside the country.

  Sam I Am: okay, so you're saying the IQD will be sucked into the CBI upon the RV?

  Scooter: I think they are already reducing the 1000 series notes as we speak
  Scooter: but we won't have the details of their banking circulation for the year
  Scooter: until the third week of January
  Scooter: maybe fourth week
  Scooter: that's when some good juicy details about the exact make up the the circulation comes out
  Scooter: it will tell us how many 25k notes are in the private banks, government banks, and individuals hands
  Scooter: all the notes and coins
  Scooter: but they only provide that report once a year
  Scooter: So they will suck those notes in and deploy the CPI immediately
  Scooter: remember, they have already deploy almost 2 million of those smart cards

  Sam I Am: CPI?

  Scooter: those cards are like having 15 wallets or files on you
  Scooter: Consumer Price Index
  Scooter: They modified it in March of 2010 to reflect the lower denoms
  Scooter: they just haven't deployed it yet

  Sam I Am: ok

  Scooter: also, those Iraqi citizens will immediately need to open their first checking account
  Scooter: if they haven't already
  Scooter: they'll deploy the lower denoms and coins immediately
  Scooter: and suck in those larger notes
  Scooter: I don't think they'll be able to do this all at once
  Scooter: it's virtually impossible to do this in a short period of time
  Scooter: As a result, they will be encouraged in some way shape or form to convert that CASH into electronic form
  Scooter: Just my opinion

  Sam I Am: okay

  Scooter: one other item
  Scooter: they need to develop their Government Bond and Commercial Bond market space
  Scooter: That is very very critical

  Sam I Am: Yes, Enoch made reference to that

  Scooter: Yes, the government needs liquidity and that's what these bonds can provide
  Scooter: Those bonds will help pay for these critical projects over the long run
  Scooter: It appears they are leaning toward the Japanese model
  Scooter: but
  Scooter: that's another discussion

  Sam I Am: How does your view now differ from your original time frame and expectation of $.35?

  Scooter: Good question!!!,
  Scooter: when I first made my estimates,
  Scooter: I hadn't reviewed the 1000's pages of documents from multiple organizations
  Scooter: So my opinion has changed quite bit since that time.
  Scooter: Now, with that said
  Scooter: let me make the disclaimer
  Scooter: anything, and I mean anything, can occur in this investment
  Scooter: that includes nothing happening at all.
  Scooter: but when the founders of the plan developed the details, they had several strategic goals in mind
  Scooter: one
  Scooter: Significantly improve the lifestyle of every Iraqi citizen
  Scooter: move them from earning $2.00 a day per family  to
  Scooter: something significantly better with a currency that had a strong purchasing power
  Scooter: With that goal achieved, the citizens of Iraq, in theory, would be drawn to more market driven activities
  Scooter: We knew they had all the resources
  Scooter: but politics, the enemy, and several mistakes made throughout has slowed the process down considerably
  Scooter: second,
  Scooter: Iraq needed to be the poster child for western democracy throughout the middle east
  Scooter: as a result,
  Scooter: this RV was built around several financial Tranches
  Scooter: some of those haven't occurred but are waiting for the right moment
  Scooter: The idea was to plant several economic explosions in locations that will take off in their economy, invigorating the private sector and foreign investment
  Scooter: For example, agriculture
  Scooter: that was one of the targets
  Scooter: At one time, Agriculture was a far bigger contributor to their GDP than oil
  Scooter: it was close to 37%
  Scooter: Nevertheless,
  Scooter: this had an impact on my opinion as to the price point to open.
  Scooter: Saleh has said the real value of the IQD is around $1.30
  Scooter: the 2009 budget, as evidenced by the Tables of increases from their budget, came in at $1.17
  Scooter: 2010 -- $2.05
  Scooter: 2011 -- $1.27
  Scooter: Now that combines both the operational budgets and Investment budgets.
  Scooter: So to answer your question my friend
  Scooter: $0.35 ?
  Scooter: NO
  Scooter: I don't think so -- I think there's another plan that hasn't been seen or discussed in the forums
  Scooter: and they will be paying for this RV in some other way
  Scooter: Just my opinion

  Sam I Am: ok
  Sam I Am: and the time frame is .... whenever?

  Scooter: Haaaah!!!
  Scooter: Who knows
  Scooter: I can show you documents from the IMF
  Scooter: that indicated the structural changes were to occur at the same time as the parliamentary elections of 2010
  Scooter: Nobody knows -- but they are behind scheduled -- that is for certain.
  Scooter: it could be June 2013
  Scooter: when the Iraqi Banking reforms are scheduled for conclusion
  Scooter: nobody knows
  Scooter: but remember, the banking industry and governments are the BEST at misdirection
  Scooter: they will have you look to left and sneak through the back door and steal the cookie jar.

  Sam I Am: Okay, one last question

  Scooter: I have one more in me

  Sam I Am: What is your advice for dinar speculators and potential investors?

  Scooter: Haaaah!
  Scooter: I can't provide any advice as I'm not a  licensed financial planner
  Scooter: however,
  Scooter: I will say this again --- there's far too much INTEL out there being provided, with the majority being incorrect
  Scooter: However, this is a great opportunity !!!!!
  Scooter: I won't deny that but I still treat this as something riskier than a penny stock
  Scooter: because it is.
  Scooter: and nobody knows what's going to happen for the exception of about 3 - 5 people
  Scooter: in the world.
  Scooter: but the good news is that there's strong tangible evidence that suggest the RV will occur.,
  Scooter: Logic dictates that it's required sooner rather than later
  Scooter: That's it

  Sam I Am: Anything else you'd like to add?

  Scooter: I don't think so --- I think I've bantered about for the last hour and a half
  Scooter: lol
  Scooter: lol
  Scooter: I'm good!

  Sam I Am: Okay, thanks for your time and all of your research

  Scooter: I just hope this was helpful !
  Scooter: You are so welcome Sam

BULLDOG POST: 11 PM , 5 JAN

JAN.5,2012 11:30PM CST.


BULLDOG75

Bulldog75: OF AS 11:30PM CST ALL SYSTEMS ARE GOOD TO GO. ALL REPORTS ARE CLEAN. IMHO, THERE ARE NO NEGATIVES AND APPEARS PRESENTLY THERE IS NOTHING TO STOP THIS PROCESS THAT WE SEE AS OF NOW. MAN PROJECTS; GOD DECIDES. THERE IS BANK AWARENESS/ACTIVITY WHICH SHOWS ARE SYSTEMS ARE ON 'READY'. ANY FURTHER SPECULATION CANNOT BE MADE OTHER THAN WHAT WE ALL PRESENTLY KNOW. ALL LINKS AND POSTINGS ARE AS ACCURATE AS POSSIBLE WITH THE SOURCES/INFORMATION WE HAVE AT THE PRESENT. THIS IS A GARGANTUA EVENT WITH SO MANY EFFORTS OF SO MANY NATIONS WITH SO MUCH COMPLICATED SOFTWARE. WE FORSEE NO COMPLICATIONS AS OF NOW, AT THE PRESENT. WE ARE VERY OPTIMISTIC AND ALERT. ANY FURTHER DETAILS WOULD COMPLICATE EXPLANATIONS. THE MOST IMPORTANT SCENARIO HERE IS THAT WE SIMPLY ARE IN THE BEST POSITION EVER. TYVM FOR BEING HERE. OUR TIME IS VERY NEAR, MORE NEAR THAN EVER BEFORE. WE WAIT. 


Bulldog75: OKIE IS VERY MUCH AWARENESS OF ALL CIRCUMSTANCES AND THE SITUATION. HE SENDS TOTAL LOVE TO EVERYONE FOR HE CARES FOR EACH OF YOU INDIVIDUALLY LIKE I DO. WE PRAY AND KNOW OUR TIME IS NEAR. SO, SO VERY NEAR. WE WOULD RATHER BE CONSERVATIVE AND PATIENT THAN SPECULATE.

Bulldog75: WE ARE SIMPLY IN THE BEST POSITION EVER. OUR MANNA FROM HEAVEN SHOULD COME SOON, IMHO. WE WAIT AND PRAY. AMEN. 


Bulldog75: ABSOLUTELY NO ONE KNOWS THE EXACT RATE AND DATE. THIS IS A FACT. ANYONE WHO SAYS DIFFERENT IS EGO DRIVEN. ALL OF OUR MODS, ADMINS, WINGMEN, LIKE , SAMBO, MISKEBAM AND CONTRIBUTORS DESIRE ONLY THE BEST INFO AND TRUTH TO SHARE WITH YOU. WE SIMPLY KNOW THIS IS SO NEAR TO OUR HEARTS AND BANKS. WE PRAY AND KNOW THIS. AMEN. 

Bulldog75: MAY THE GOOD LORD BLESS US AS HE DELIVERS HIS MANNA FROM THE HEAVENS NOW. WE ARE HERE FOR A REASON AND THAT IS TO LOVE RESPECTFULLY AND MAKE THIS A BETTER WORLD FOR EVERYONE. WE BLESS OUR NATION, COUNTRIES, PLANET, UNIVERSE, ARMED FORCES, ALLIES AND GOVTS, DIGNITARIES AND OFFICIALS TO HONOR WHAT NEEDS TO BE DONE FOR THE GOODNESS OF MANKIND. THANKS TO YOU ALL FOR YOUR DEVOTION, KINDNESS AND PATIENCE. WE ARE THE OOM TEAM AND MEMBERS. WE ARE FAMILY. THANK YOU ALL. 

Bulldog75: OUR TIME HAS COME. WE PRAY AND KNOW AND BELIEVE. WE ARE BLESSED. THANKS, AMEN. 

Bulldog75: SPEICAL THANKS TO MODS, ADMINS AND LEXIE WHOSE DEVOTION AND HARD WORK HAS MADE THIS SIGHT POSSIBLE. THERE ARE SO MANY HELPERS, WORKERS BEHIND THE SCENES THAT HELP MAKE THIS OOM SITE ONE OF THE BEST IN THE WEST & WORLD. A VERY SINCERE THANKS TO EVERYONE INCLUDING MEMBERS WHO MAKE OUR OOM SITE SO SUCCESSFUL.

Bulldog75: ALL OF YOUR COUNTLESS QUALITY AWESOME HOURS FREELY GIVEN HERE TO OOM ARE MORE THAN NOTED AND RECOGNIZED. WE COULD NOT BE HERE WITHOUT YOUR DEVOTION AND HELP. THANKS AGAIN.

Bulldog75: AND LAST BUT NOT LEAST TO OKIE HIMSELF. THE COUNTLESS HOURS THIS MAN HAS GIVEN DAY AND NIGHT FOR YEARS IS BEYOND MY COMPREHENSION. OKIE PROBABLY SPENDS 12 OR MORE STRAIGHT HOURS A DAY SPEAKING, DIRECTING, ACCUMULATING, DECIPHERING INFORMATION FROM FRIENDS, INTEL, DIGNITARIES. HE IS ONE OF THE MOST LOYAL INTELLIGENT MEN THAT I HAVE EVER HAD THE PLEASURE TO KNOW. OKIE IS A WALKING ENCYCLOPEDIA OF HISTORY AND KNOWLEDGE. WORDS CANNOT EXPRESS WHAT I HAVE LEARNED FROM THIS GRACIOUS MAN. I HAVE LEARNED MORE FROM HIM IN SIX MONTHS THAT WHAT I EVER LEARNED IN COLLEGE. WE SALUTE OKIE. AMEN. 


Bulldog75: I LOVE EACH AND EVERY ONE OF YOU, AS OKIE DOES TOO. AMEN. OUR BLESSINGS COME NOW AS ALWAYS. AMEN.

Bulldog75: WE KNOW THE BEST COMES FROM THE FATHER AS HE LEADS US TO HIS PROMISED LAND WITH THE MANNA FROM HIS HEAVENS. WE KNOW AND PRAY THIS. AMEN. 



Bulldog75: WE ALL AT OOM EXTEND OUR HEARTFELT CONDOLENCES TO HUCKNEWORLEANS FOR HER SONS LOSS. MAY THE ARMS OF GOD EMBRACE HUCK AND HER FAMILY DURING THIS TIME OF LOSS. WE PRAY AND KNOW THE GOOD LORD AND ANGELS WILL GIVE THEM CONTINUED HEALING PROTECTION. AMEN. I WILL SEE YOU IN THE MORNING. THANK YOU ALL. A SALUTE AND GOOD NIGHT. AMEN. 

FOOTFORWARD POST, 5 JAN


[footforward] From everything I'm hearing the RV will be done in the next 24 hours. I have yet to confirm exactly when we will be cashing out, but I can tell you that my rate i was given a month ago was within a penny of the rate soonerfan gave out tonight

shybaby

[chitowngirl] chillimac soonerfan62 said it was 8+ USD 

TEMPLEJC POST, 5 JAN


[templejc] This was just posted in MIG from Precious ------ >[Precious] From everything I'm hearing the RV will be done in the next 24 hours.

I have yet to confirm exactly when we will be cashing out, but I can tell you that my rate i was given a month ago was within a penny of the rate soonerfan gave out tonight. ($8.23)

SOONERFAN AND MORT POST, 5 JAN


_[soonerfan62] OK guys rate coming from IMF guy $8.23 we will see if I'm right tomorrow morning


[mort] soonerfan62 -you are right on tomorrow morning and i think $9.75 

LOJAK CHAT, 5 JAN


[lojak] Austin-Powers-For-PM our intel indicates that Shabbs has everything he needs to pull the trigger, as a matter of fct, it appears that he has already pulled the trigger and we are just waiting for those results--we shall see

[Austin-Powers-For-PM] lojak that is what I'm hoping for as the intel side is saying "Done" and the article side is saying "Not Yet."

If I was Iraq, I would do as much as humanly possible to put a smoke screen up through the press. Now I do believe that their political disputes are very real, but won't stop anything

POPPY AND PURPLEHELMET POSTS, 5 JAN

1-5-2011 Poppy3 all...my intel...is still in play and not one source has changed their opinion...I talked today with several sources...all are still telling us the exact same time table... [Thursday] the rv would be released to the banks after they close, then they would have it live friday morning? If its all true great, if it isnt we wait.

1-5-2012 Purplehelmet300 there is a global alignment happening - must work precisly...Lots of details need to line up...The new time line is the same - I thought tues - wed - thurs - so we will see!

POST RV PLAN BY HISTORIAN , 5 JAN

AUTHOR HISTORIAN:
THANK YOU SO MUCH FOR YOUR ADVICE. WE ALL APPRECIATE YOUR HARD WORK.




Historian Cash-In Plan OVERVIEW

This Cash-In Plan walks you through some tasks and decisions you may need to address to prepare for cash-in. It is organized in steps from now to the time you set up Advisors (attorney, accountant, etc.). After that, your Advisors will help you plan cash-in and secure your new wealth, so you only need to make the first part of the journey on your own.



Historian

Note: This Cash-In Plan assumes that the IQD rate at RV will stay the same for some time or increase, and that it will not decrease within the first 12 months (the latter would require a different plan.)

----------

3 BIG STEPS TO CASH-IN (that you must take on your own)

Step 1: Your Transition - Organize funds to cover 6 months of expenses and activities

Step 2: Your Wealth - Estimate your profit and wealth BEFORE you select your Advisors

Step 3: Your Advisors - Select Advisors who specialize in your wealth level and “click” with you



WHY IS THE PLAN FOR 6 MONTHS?



There are practical considerations:



You may need to set up or revise your legal and financial structure, and it may take time to find the right Advisors – you should interview several attorneys, accountants, etc. before settling on the right team. Scheduling and meeting with these people – especially if they are in demand – could take 2 weeks or could easily take 1 to 2 months. You need to plan for the longer possibility . . . so, 2 months.



Your Advisors will need to set up the right legal and financial structure for you, and define a plan for you to cash-in. Attorneys and accountants – especially very good ones – are busy, so they will need to fit your work into their regular schedule. They will need to develop the plan, do paperwork and filing. This could take just 1 week or as long as 1 month.



After that, you will need to set up bank accounts for the entities in your legal structure. The bank will need specific documents, and they may take more than 1 day to process these. Allow for 1 week.

Only after you have set up your legal and financial structure, are you ready to cash-in the bulk of your IQD (or VND). You may need to schedule cash-in appointments. Allow for 1 week.



So the time from RV to cash-in could be as little as 1 month or as much as 4 months. To make sure you are not worrying about living expenses and other financial issues, you need a plan that is comfortably longer than 4 months. That is why this Cash-In Plan is for 6 months.



(End of Part 1 of 4)



CASH-IN PLAN (Part 2 of 4)



STEP 1: YOUR TRANSITION - Organize funds to cover 6 months of expenses and activities.

In Step 1, you set up a TRANSITION BUDGET. This will cover (a) Expenses for 6 Months including the cost of your Advisors, ( Debt Repayment, and © Rewards.



WHY DO THIS:

A TRANSITION BUDGET buys time for you to calm down, adjust and THINK CLEARLY again. It also:

- buys time to get past any bait rates

- buys time to let professionals help you pay off debts, cash-in and secure your new wealth

- helps you avoid spending wildly and wasting your wealth (due to sheer excitement!)

- trains you to start thinking like the wealthy person you now are – the wealthy all have a plan that outlines what % they will spend on different living expenses, luxuries and types of investments



WHAT TO DO:

Exchange the minimum amount of IQD needed to cover all the costs in Step 1. This may be one 10K or one 25K IQD note, or more. Make sure you have enough to pay for all of the following:

Note: You may also be able to arrange a line of credit using your IQD as collateral. If so, you may not have to cash-in any IQD to cover your transition, but the rest of your Cash-In Plan will still be the same.

a) Expenses for 6 months:

Basic monthly living costs:

- home costs: monthly rent/mortgage, utilities, phone, security, other

- loan payments: monthly auto or other loans

- personal care costs: food, meds, clothing, health care, dental, other

- annual: property tax; insurance on property, vehicle, health, other

- R&R: basic entertainment, recreation, travel/vacations, gifts

- Other: any regular costs not already noted

- Contingency: add 15% of the above - this is for emergencies



One-time costs:

- 6 months insurance for your IQD (and VND) if you do not already have it

- repairs, maintenance or minor upgrades to home, auto, security, other

- special personal costs – e.g. health care you have been waiting for

- $10K to $25K to set up your entire legal and financial structure



Debt Repayment:

Debts you can pay right away:

- small current debts with NO PENALTY if paid off – (e.g. credit cards)

- overdue bills and mortgage payments

Debts you DO NOT INCLUDE: (see your Advisors first)

- large current debts that HAVE A PENALTY if paid off – e.g. mortgage

- large overdue debts - e.g. foreclosure, outstanding taxes *



*Note: see your Advisors about this first; there are specialists who can help you minimize your costs, as well as settle any other associated legal or financial issues

c) Rewards:

Set aside a SMALL budget for “treats” and “toys” that are a HIGH priority – this will help you avoid wasting your wealth on impulse items that you later do not use – examples of treats and toys include:

- Vacations – take your time planning each vacation and make sure you get maximum value; it is easy to travel because you can afford it, but you also want to make sure you enjoy the trip and get top value. (It is also prudent to secure your wealth first.)



- Clothes – buy better quality or fill in gaps in your wardrobe, and know what you need. Avoid shopping sprees. It is easy to get carried away here – you cannot return it or sell it for much value. Once it is spent, it is gone . . . and part of your new wealth is gone forever.

- Toys – pick up a few of those dream electronics, home, hobby or other items you have always wanted, especially if they are not large ticket items – these toys will help you stay disciplined about your budget while you set up your Advisors and prepare for cash-in

- Vehicles – if you can, get by with the present vehicle until cash-in. Your Advisors may recommend that your trust or corporation/LLC own the vehicle. If necessary, repair the present vehicle, rent a vehicle, or buy a low end vehicle that you can later upgrade

- Real Estate – it is best to select your Advisors BEFORE you buy a new property. This is the kind of item that they may suggest your trust or corporation/LLC own. Take 6 months to compare properties while you wait. Travel and experience new locations.


d) Calculate your TRANSITION BUDGET:

Expenses (a) + Debt Repayment ( + Rewards © = TRANSITION BUDGET

e) Simple Tips to help you stay “On Budget” for 6 months:
If you are disciplined about managing your money, you may not need to do this. If you tend to lose track of your funds, then this may help you stay within your budget:

- open several bank accounts

- put the funds for (a) and ( into one account

- put the funds for © into another

- set up a third account for putting aside tax money and tithing money as you cash-in

(End of Part 2 of 4)



CASH-IN PLAN (Part 3 of 4)



STEP 2: YOUR WEALTH - Estimate your wealth BEFORE you select your Advisors



To keep it simple, Step 2 only considers the wealth you gain from cash-in of your IQD (and VND). It does not include any current wealth you may have, such as a home or savings, since this is likely to be a minor percentage of your new wealth.

In Step 2, you calculate approximately what YOUR WEALTH will be after you cash-in your entire IQD investment and subtract all payouts. You will base this on the RV rate, and update the amount if the rate goes up. You need this information to help you select the right Advisors.



WHY DO THIS:

Knowing YOUR WEALTH is essential to securing and growing YOUR WEALTH. It will help you:

- select Advisors that have clients similar to yourself in wealth and lifestyle

- reset your priorities, now that wealth has given you new options

- remind you that luxuries REDUCE YOUR WEALTH, so think before you spend

- spend only on priorities and maximize YOUR WEALTH

WHAT TO DO:

YOUR PROFIT is the money you will make from cash-in of your total investment, less ALL payouts. To calculate YOUR PROFIT, do the following:

a) Calculate your Proceeds from cash-in:

Calculate the money you will receive from cash-in.

Use the cash-in rate at RV (you can update this if it goes up).

Calculate your Payouts:

These include:

- taxes on the proceeds (use the highest % for now)

- tithing or causes (% of net proceeds after taxes)



c) Calculate YOUR PROFIT:

Proceeds (a) – Payouts ( = YOUR PROFIT ©



YOUR WEALTH is what you will have left after you spend part of YOUR PROFIT on expenses, large debts and big purchases (excluding a new property). To calculate YOUR WEALTH, include the following:

d) Your Transition Budget:

Use the amount from Step 1 (d)

e) Large Debts NOT included in the Transition Budget:

These include large items you excluded in Step 1 (:

- current debts that HAVE A PENALTY if paid off – e.g. mortgage

- overdue amounts - e.g. foreclosure, outstanding taxes

f) Luxuries and Big-Ticket Items NOT included in the Transition Budget:

These include:

- high end vehicle or boat

- luxury goods

- big vacations

- other



g) Calculate YOUR WEALTH:

YOUR PROFIT © - Transition Budget (d) - Large Debts (e) - Luxuries (f) = YOUR WEALTH

(End of Part 3 of 4)

CASH-IN PLAN (Part 4 of 4)



STEP 3: YOUR ADVISORS - Select Advisors who specialize in your level of wealth and “click” with you

In Step 3, you select YOUR ADVISORS and work with them to develop your Cash-In Plan. Following this, you will proceed with the bulk of your cash-in. You need to know all of the information in Steps 1 and 2 in order to select the right Advisors.



WHY DO THIS:

Not all Advisors are equally qualified to help you. You need Advisors who are well versed in assisting clients with needs and considerations that are similar to your own. This is because:

- they are deeply familiar with the laws and rules that will most affect you

- they have perfected their theories on many clients (you will not be a guinea pig)

- they know how to work with laws and rules to maximize the PROFIT from your cash-in

- they know how to help you minimize taxes and manage your wealth year after year, so that you can achieve and maintain the life that you want


WHAT TO DO:

a) Interview your Advisors:

You have set aside $10K to $25K to set up your entire legal and financial structure

- DO NOT tell the Advisors you interview that this is your budget

- Always come across as a well-heeled penny pincher

- DO NOT tell the Advisors you interview all your details

- Give them a high-level overview with ball park figures

- Make sure you interview at least 3 candidates for each Advisory role

- Look for Advisors who understand what YOU want (and do not push their views)

- DO NOT sign any documents that charge you for a FREE consultation

- DO NOT sign or pay for any documents or analyses you did not ask for

- DO NOT accept any offers that appear to be generous "free" analyses

- If you retain this Advisor, you may be charged later for the service

- Once you have agreed on the specific services, you will likely need to sign a contract or form agreeing to these services. Read all the fine print, and make sure you understand absolutely everything that is described. Do not hesitate to ask for clarification. Your Advisors will respect you and give you better service.




Select your Advisors


Make sure your team can work with each other; they should not be “flying solo”.

At the very least, your attorney and accountant MUST work as a team.

- Ask the attorney if he/she can recommend a good tax accountant – the attorney will often already have accountants they prefer to work with; make sure it is because the accountant understands the legal work (what the attorney needs)

- Do the same with the tax accountant – ask him/her about a good attorney

- This will help you create a team that will work together to help you

c) Give all the information in Steps 1 and 2 to your selected Advisors

Have them set up your legal and financial structure, and your Cash-In Plan (e.g. the accountant may want you to delay cash-in if it changes your tax %). The Cash-In Plan should include:

- where to cash in

- how much to cash-in at a time

- when to do it

- where to deposit it - into which part of your structure (trust, corporation/LLC)

- other advice

Make sure both your attorney and accountant agree with your Cash-In Plan.

d) YOU ARE NOW READY TO CASH-IN

e) Other Tips

Read and refer to other new and future postings from The GET Team – on how to select and interview attorneys, accountants, financial strategists, wealth managers and other Advisors

ANGELQUEST, POPPY, BGG AND MONALISA CHAT, 5 JAN


Chat with BGG, Poppy3, and A.Q — VERY LONG READ INCLUDING – PARTS 1 – 2 & 3 Posted By Mona Lisa
Jan 5 9:32 AM [BGG] Hey gang – just stopping by for a minute – I have to be out for the rest of the day. Got a lot of work to be doing. Have fun, stay positive and BE ON THE LOOK-OUT!!
Jan 5 9:32 AM [BGG]
Jan 5 9:32 AM [sappho] BGG CODED Enjoy your day
Jan 5 9:33 AM [BGG] sappho – Oh yeah :{ this is about to get real fun for me lol
9:36 AM [david7] BGG if this is going to get real fun what new info if any have u received?
9:55 AM [glryan11] someone on jonny site said IMF has not updated and usually does by midnight? but iqd is not on list??
9:55 AM [A.Q] check with your own tax person I am just posting what I have researched and know to be true … Read More Link on Right
 
9:58 AM [newmonies] Central China sets the yuan exchange rate at a record new high 04/01/2012 10:2. China’s central bank set the price is likely to trade the yuan on Wednesday at 6.3001 against the U.S. dollar. This is the highest level ever for the price is likely to trade the yuan since China allowed its currency to rise in 2005. Can the exchange rate of the dollar / yuan to fluctuate up or down by up to 5.0 percent of the price is likely to trade every day http://www.dinarupdates. ··· new-high
9:58 AM [laurie] A.Q> do you agree with Poppy3 that we will see this today at the banks?????????
9:59 AM [templejc] A.Q ::: Could you comment on the post that newmonies brought in. We were discussing it last evening – would like your thoughts
10:02 AM [hurricane] A.Q :: If I’m reading the China article right, is the yuan “pegged” or “pinned” (what the right term is) to the USD? If so, is that part of why folks are saying that the IQD will be tied with the GBP?
10:03 AM [Poppy3] laurie i was told the rate would not show today at the banks till after 10pm tonight when the last banks in hawaii . this was not confirmed but I posted this tuesday afternoon. hang on all is said to be finished and ready lets just pray they followed through and completed all the agreements. POPPY3
10:06 AM [highhopes] Thanks AQ and Poppy3-I am seriously getting excited today!!!!
10:06 AM [A.Q] good morning poppy I was called that they IRAQ did pass 11 laws yesterday but the article said second reading of stamps=tariffs was postponed……….that is what we want ……..i feel at this point all is legal now waiting for the last of the i’s and t;s to be done……………
the fact rates went back to nov when they started dropping in the rates is a big factor from what i was told a while back a figure has to be in to change it up…………your thought?
10:14 AM [Poppy3] A.Q so far i can’t make a solid comment on the old rates being back in. I haven’t been aprized of the process on that end.
I am glad to hear they passed everything . As i stated yesterday i had been told that yes they all where in good cheer and seemed to all be happy about the progress and that here even laughing after coming out of meetings.
I did not get any news about the financial meeting that was held with the imf yesterday with dr shabibi. I guess we will know thise resulta if the rv is released. Poppy3
It is my understanding there will be no pegging of the IQD to the GBP… It will be the posted rate period.. Amazing how greed clouds the mind.. Just sit tight it is coming and we are closer now than ever before..
10:25 AM [Poppy3] Rich friends i do believe we are in the final countdown just like the apollo space launch and they have lit the fires and kicked the tires.
The pilot has been lit so now all we do is monitor the countdown had hope the fires don’t go out and they don’t scrub the mission.
I pray blessing af abundance to all and favor with all the people in charge that they agree and find much happiness for the iraq people. I pray that christian missions can begin the teachings there and eduacate the people of iraq about the true and living god jesus christ. In jesus name we pray amen.
10:27 AM [A.Q] mona on the yuan pegged or pinned both china is flip flopping why us is mad over it but here is a peice of an article from 2009 explaining it better China sets the yuan’s value based on a narrow range of fluctuation against a basket of currencies, including the dollar, euro, yen and won, and does not disclose the different weights assigned to each currency.
But, using new statistical methods that take into account concurrently the movements in exchange rates among the reference currencies, the change in the weighting of each foreign currency over time can be inferred.
 What Harvard economist Jeffrey Frankel has found is that, after Beijing de-pegged from the dollar in 2005, the yuan eventually became equally weighted between the dollar and the euro
10:30 AM [Poppy3] Ok guys i got to run across town bbl today Poppy3
10:32 AM [lobster] A.Q : When you say “when the banks are closed” are you saying banks on the east coast , central, pacific or Hawaii. Thanks
10:36 AM [A.Q] Lobster I think it was poppy that mentioned that but i have heard when all us banks are closed leads us to hawaii also but my main contact said NOTHING HAS to be closed to pop it…………….all were open when kuwait rv’d on a wed afternoon but that was only one currency so this is a major ordeal time will tell
10:38 AM [lobster] A.Q : Thank you so much for your answer and all the work you do to help us get a handnle on this. GO RV!
10:42 AM [honugirl] Wow, newmonies was posting articles early this morning!!!
****************ADDED***POSTED BY MONA LISA******************** Morning Chat with A.Q … Member Chat 1/5/11 Part 1
10:45 AM [lobster] A.Q : You said in a post last night your info. is saying 7-8.18. Do you still feel that rate range is close?
10:46 AM [A.Q] yes as much as I can not fathom it that is it but could still be more who knows only the moneychangers…..
10:47 AM [lobster] A.Q : Show me the MONEY!
10:47 AM [A.Q] no SHOW ME THE MONEY…………louder……….SHOW ME THE MONEY……i said louder…………S H O W M E T H E MONEY!
10:48 AM [lobster] A.Q : I don’t know about you, but I’m ready to get on with life and bless others!
10:52 AM [suez] Gm all…AQ how is the “miwitw” this morning…LOL. couldnt sleep with your words ringing in my head last with all great opportunities ahead!
10:54 AM [A.Q] All is well suez………………..stay positive and let it shine let shine……he is ready to do WILD AND WONDERFUL THINGS…..and I dont mean just making us millionaires……….though I find without it here on earth is is hard to HELP many…………………
10:57 AM [honugirl] BBL….gotta go work. I would much rather stay and play!
10:57 AM [A.Q] sorry honugirl shortly dear very shortly……go with a smile it will be over before you know it
10:58 AM [AZMike] A.Q …thanks for sharing your information. It coincides with information that I received Tuesday night. We need to remain calm, be patient and keep our sense of humor about us.
10:59 AM [OfCourse13] A.Q Can you give the cliff notes of the news this am? Sorry
11:00 AM [A.Q] Great AZMIKE………..we are putting out an all points bulletin for the dinar now………………….nothing yet…..
11:01 AM [AZMike] A.Q…well, we’ll just have keep looking. It’s out there somewhere
11:01 AM [A.Q] UPDATES: Poppy is still hearing after banks close tonight for tomorrow……I know from months ago that the forex instilling the old rates is a plus………..so all GO for today………make way…….with a smile!
11:02 AM [Dinarnewbie] Yesterday I believe Double B was saying something about putting all your money in an interest free bank account. That is insured. While you are trying to figure a long term plan. He said he had a website. Anyone know anything about this?
11:02 AM [DOUBLE B] not a website 11:02 AM [DOUBLE B] the fdic
11:02 AM [SirDr] ME banks Are already closed today, right? (Or do they remain open longer than here?)
11:02 AM [DOUBLE B] I will get it for you when I get back 11:03 AM [DOUBLE B] some bankers don’t even know it, I had to send it to mine at 1st Convenience
11:03 AM [A.Q] YES FDIC AND FOLKS CHECK IT OUT SOME ONLY HAVE INSURED TO A CERTAIN AMOUNT…MY BANK INSURES ALL IN MY CHECKING REGARDLESS OF THE AMOUNT
11:03 AM [DOUBLE B] unlimited 11:03 AM [DOUBLE B] with a non interest account
11:04 AM [lobster] Dinarnewbie : The FDIC insurance was up to an “unlimited amount” on a non interest account for the years 2011 & 2012. The limit was $250,000.00. I wonder why they did that?
11:05 AM [OfCourse13] I don’t get why it has to be non-interest. Who wants to have NO interest?
11:05 AM [templejc] lobster – until the end of 2012 the NON – INTEREST checking accounts are insured unlimitted. The bank says 250,000 but go to the FDIC web page and you will find out – the info is there.
11:06 AM [A.Q] BECAUSE OFCOURSE…..THEY DO NOT WANT US TO MAKE ANY MONEY…..
11:06 AM [Bamagirl] Gm everyone. I need that info on non interest accts too. Talked to several banks and credit union and not one knew anything about non interest account. All said $250k was insured limit.
11:07 AM [kyletx] lobster the problem is the FDIC can take 100 years to pay you back your money…LITERALLY! it is smart to buy private insurance to cover all of your accounts.
11:07 AM [A.Q] BAMAGIRL YOUR BANK SHOULD BE ABLE TO TELL YOU NOT ALL CHECKING ACCT HAVE NON INTEREST…………
11:09 AM [A.Q] MANY CHECKING ACCTS THAT YOU HAVE TO KEEP A CERTAIN BALANCE ARE NOT INSURED………….JUST SAYING BUT I AM NOT A SPECIALIST IN THAT AREA …………………..YET….
11:09 AM [General-C] I am hearing rates should drop in this afternoon…
11:10 AM [A.Q] GENERAL-C………..GOOD MORNING…….many different thoughts on that some saying after banks close……i am of the opinion before when the market updates today but what do I know……..
11:11 AM [General-C] All sounds good….thx
11:11 AM [OfCourse13] A.Q What time does the market update today…just in case?
11:11 AM [david7] Bamagirl. Non interest bearing accts being fully insured until dec1, 2012 are part of thr dodd-frank bill. If the bank doesn’t know ask them if u can open account in non interst. If they don’t want to do that come to tenn, banks here know what is going on ha
11:11 AM [kyletx] lobster I agree…but I am going to buy private insurance on all of my investments also. Like A rated or better, insured, muni bonds.
11:12 AM [lobster] kyletx : Thanks for your info.
11:12 AM [Bamagirl] David7….THANK YOU!
11:13 AM [kyletx] You can have a checking account with one of the large banking companies like Merril Lynch and it can be insured for basically an unlimited amount…better than FDIC ins.
11:13 AM [lobster] kyletx : Are you thinking Loyd’s of London?
11:13 AM [kyletx] lobster yes and Berksher Hathaway and a few others that you can trust.
11:14 AM [Bamagirl] Kyletx….thought I would talk to my Ed Jones guy about thT.
*********************ADDED ** POST BY MONA LISA****************** Member Chat 1/5/11 Part 2
11:15 AM [lobster] kyletx : Can a bank help me with that info. on extra insurance, or do I have to contact somone else?
11:15 AM [kyletx] Bamagirl they should be good. just check their rating BUT make sure you have private insurance so if the bank fails you will get ALL of your money back.
11:16 AM [kyletx] lobster a private banker who is used to dealing with large accounts should be able to make recommendations.
11:16 AM [OfCourse13] A.Q A.Q What time does the market update? TY
11:16 AM [lobster] kyletx : Don’t you feel that with all of this NEW money coming into the banks, that the FDIC will be strengthened?
11:17 AM [david7] Kyletx is right, also, if you have your cash in a money market account make sure it is not tied to any European debt
11:17 AM [kyletx] lobster I am sure they will but again they can take 100 years to repay any losses. private insurance will repay your losses very quickly.
11:18 AM [Sugar Pie] Bamagirl This is a link to FDIC info that talks about non interest accounts being insured no matter the amount… http://www.fdic.gov/deposit/deposits…is_english.pdf Hope it helps you
11:18 AM [lobster] kyletx : OK, thanks so much for info.
11:18 AM [Bamagirl] Sugar pie….THANKS!
11:18 AM [Sugar Pie] Bamagirl YW!
11:20 AM [lobster] Also, in addition to the FDIC insurance being raise, the IRS has changed its lifetime gifting limit from 1 million to 5 million for the years 2011 & 2012. I wonder why they did that also.
11:22 AM [repairman] you know some have sugested that in negotiations with the bank you can have them buy an isurance policy for your dinar through loydes of londen for example, and negotiate a interest rate they pay you, It is legal to put you money in forigein banks you just want to make sure they are basil 3 complient,you just have to fill out a form so the gov knows where every penny of your wealth abroad is (after all you are owned by the US gov)
11:23 AM [Dinarnewbie] I guess I am just wondering if I can just use my regular checking account to deposit my first exchange. Until I get everything else situated?
11:23 AM [kyletx] I’m going to make it VERY clear to my lawyer, my banker and my investment people how important this money is to my family and how many years I have worked to get to this position and if I lose one red cent I will KILL them where they sit (only kinda kidding).
11:23 AM [OfCourse13] kyletx
11:26 AM [8th1der] missed most of the conversation about FDIC but here’s a few things I know. the FDIC helps in the bank goes insolvent. 1) So unless something happens to your bank, you “generally” would be ok to have more than 250K in an account. 2) Some banks have multiple “charters” that allow you to set up one account under Charter A, one account under Charter B, etc so you can spread your risk. that way 1 bank can hold more than 250K all insured. (cont)….
11:27 AM [vision] kyletx I have said the same thing to my financial counselor – lose one dime and I am coming to your office
11:28 AM [8th1der] …(cont) 3) you can often set up multiple insured accounts with diff account holders and/or beneficiaries to spread your risk as well. so i could set up an account in my name as one, one for my wife in another, (and MAYBE another with my kids as recipients). another way to spread risk and be under FDIC for more than 250K. but talk to your bank / CU for sure to see what they offer
11:28 AM [ajpalm] 8th1der…good comments, as a banker of 26 years, you are on the spot…
11:30 AM [suez] 8th…if you only get one wire, should you do the one wire into one account and then immediately transfer to multiple accounts as you said above?
11:31 AM [repairman] kyletx I read your post about merry lynch and others consider MF global going down and NOBODY stopping them from seizing accounts to this very DAY. they were private accounts like the bank and nobody has yet been given their money!!!! be careful and caucious because even our government not brining these crooks to justice
11:31 AM [Bamagirl] Good bank info from everyone. I’m not a doomsdayer vut with some of the info posted over the past months we should be VERY CAREFUL. One post said DO NOT invest in anything for 30 days to give dust time to settle on banks and USD.
11:31 AM [8th1der] suez. i will be sending all to a “newly created” personal account initially, then moving it to other accounts as needed from there. again, unless the bank goes belly up in a few days , you should have no problem moving money after moving to a single account
11:32 AM [kyletx] vision I have millionaire fiends who have told me over the years that as hard as making the money was KEEPING it is MUCH harder. I won’t be taking any chances with this money. if I am independently wealthy why do I need to risk losing my money at all. Like Will Rogers said “I’m more concerned with the return OF my money than I am the return on my money”.
******************ADDED********* POST BY MONA LISA **************** Member Chat 1/5/11 Part 3
11:33 AM [8th1der] i personally won’t be having DB or whoever i cash in with send it to a bunch of individual accounts. just send to my personal or business checking as appropriate and then go to my bank to move from there. i will NOT be moving my business cash-in to my general operating account though. don’t want anyone with access to that to suddenly have more “funds” to pilfer. it’s going to another “newly created” account so server mostly as an initial holding account
11:34 AM [vision] kyletx I hear that I also told my financial counselor that I don’t want to be in the stock market – not now. He even told me the stock market would be risky for the next year or more – so we are coming up with different things – like muni bonds etc. He still told me not to get my hopes up BUT call him immediately if it does RV….lol
11:34 AM [8th1der] but, keep in mind that your “business checking accounts” are not protected the same way as your personal checking acct as far as recovering funds from identity theft, etc. just be careful how you protect your business accounts if applicable
1:35 AM [david7] As an investor it is my view that you only spend profit not the principal. Set up your investments with the “seed” money.
11:38 AM [kyletx] vision I will NEVER be in the stock market…too much risk and too much cost and too much manipulation. I am going mainly with “A” rated or better, insured muni bonds. You can have an annual yield of 4 to 5 percent and it is INCOME TAX FREE which makes the yield effectively 7 to 8 percent on a very safe investment..
11:39 AM [vision] kyletx yep – that is what my counselor said – I like safe investments – I had enough years in my young days of being risky
11:39 AM [8th1der] suez i believe someone posted in here earlier that closing time in HI is 10pm ET. so if you’re looking for “US Closing Bank Time” then it would need to be after that? but since we don’t know exactly “when”, it could be anytime i suppose….
11:39 AM [suez] Kyletx…even the interest accrued is income tax free?
11:39 AM [kyletx] repairman I think the banks are the best place to keep your money but it is imperative to have any and all accounts privately insured by some like Lloyds or Berkshire Hathaway.
11:41 AM [kyletx] suez check with a knowedgable bond guy but my rich brother-in-law pays no income taxes on his income which is paid to him semi annually and he is invested in tax free muni’s.
11:42 AM [suez] Kyletx…ty will do
11:43 AM [repairman] kyletx i agree with you have it insured and make the bank where it is deposited insure it and the verify with loydds that they have paid for the policy
11:47 AM [repairman] question I don’t know the answer. can you restrict you accounts so they cannot be acessed online? that is where the greatest risk to theft is
11:49 AM [rileyjones] repairman If you are talking about banking accounts mine is
11:51 AM [Rich] This is one of the great talks…now if only…
11:51 AM [Rich] We get a use for it.
11:51 AM [ajpalm] Rich… I agree







POPPY CHAT: " THEY ARE AT $3.58 TODAY", 5 JAN


Poppy3] ok all rich friends i want to explain just one of many common since reasons that the huge unbelievabl rate are non sence.
Kuwait has the highest valued currency in the world now we know iraq has stated they will soon be the highest in the world and they also stated they would be close within .5% to .10%of their rate.
They are at $3.58 today. Now they share two of their largest oil fields and they have to stay close in value to continue balanced trade on those oil fields.
Now if you already have the highest valued in the world and you have companies exporting good to the world and you dollar value goes up then you have to raise the price of your exported goods.
So why would they go higher and price all their products out of competition. Guys that will not happen. Be reasonable and dont place much value on those wild prediction. Poppy3
Poppy3] can they support the high rates absolutely up to over $14.00 but there are no reasons to do that because it would hurt them not help them.
Dr shabibi so far can be trusted and he says close to kuwait and close to the other middle eastern countries so like i said be cautious whom you listen to. Poppy3
 
_[poppy3] well here is some solid encouragement for all involved in the dinar investment. I researched the dinar every day for over 9 months before i made my first purchase.I first researched all countries in history that had been liberated by war. I found that no less than 7 of those countries had revalued greatly when they started rebuilding their countries.
Some where very rewarding revaluations. Then i researched the worth of iraq in resources and gold, silver agriculture etc.
I discovered they have more gold than any country, tons and tons of silver and the richest soil in the world for agriculture.
Hey it the site of the garden of eden. I soon understood i am investing in the richest country in the world that will have a huge revaluation.
Then i found that the bible explain that babylon will be rebuilt in the later days and that it will become the financial mecca of the world. Now do all you guys feel better? Poppy3

HIHOSILVER51 POST: " THEY ARE NOT LETTING ANYONE CONTRACTORS BACK INTO IRAQ TILL THIS RVS", 5 JAN


[Precious] [jaybird] hihosilver51: just got a call from my son his friend is a contractor in iraq and was home for the holidays
hihosilver51: well he was supposed to report for work this week back in iraq 
hihosilver51: well he just received a call from his boss in iraq
[jaybird] hihosilver51: they are not letting anyone contractots back into iraw till this rv’s 
hihosilver51: contractors
 hihosilver51: iraq
hihosilver51: hes on stand by right now
hihosilver51: well thats all i got for now

BOOKINGS POST: " IT WOULD SHOW UP FROM 12 TONIGHT -9 AM MORNING", 5 JAN

[bookings] oh my god guys i just called my corporate bank, and ask them about this rv. And ask him would our branch bank be cashing us out. He told me yes, that it would show up from 12 tonight to 9am in the morning, and i would have to do a direct deposit

SUPERDJ567 POST, 5 JAN

8:31 AM [superdj567] I have four contacts from four different banks in the Chicago area…..all these contacts are usually off on Fridays…….I called all those contacts today and they all are off today and I was told they will be at work tomorrow…I found that strange……that all four are off today and being from banks.

CAPT CRUNCH AND JONNY CHAT, 5 JAN


5:09 AM [Capt Crunch] I work in the financial industry but not at the level studley is involved in. I know and knew many things but when it came to currency trading, not my area of expertise. He made me feel very much at ease last night
5:10 AM [DueTime] I went to a WF yesterday to make a deposit. I asked to speak to a personal banker…and guess what, when I told them why, they didn’t shut me down like they have for months. They took my number and sat me with a banker. She said when the RV happen to call and they would take care of me.
5:11 AM [Priscilla] I went to WF yesterday to ask what I needed to open a LLC ckg act and was told I just need a copy of the LLC application and a TaxID#! My laywer also said he could expedite the LLC for a 24 hour turn around
*5:17 AM [jonnywg] we my friends another deadline day is here……. but this time we think that this is our day……. a news flash is that the back bank screens opened with NOVEMBER RATES on 155 countries……. and it is live this am…… i feel this is the start of the process and will keep you informed
5:18 AM [sonnayhwh] jonnywg – LIVE rates! That’s great news, thx Jonny. Now if we can just get the CORRECT rates! LOL
5:24 AM [rjg] i believe this is how they do it, the most important thing is the currency are live again, change should be fairly quick is my understanding. Only time will tell, but stay prayed up, i feel this is going to b a great day
5:26 AM [sonnayhwh] Okay, somebody who understands this stuff (or just wants to act like they do) help me out here. If a rate is “live”, does that mean it can adjust to market value??
5:26 AM [chillimac] sonnayhwh means its changable
5:27 AM [chillimac] moving up and down 5:27 AM [chillimac] not zero
5:27 AM [JstBringIt] sonnayhwh Not claiming to have the correct answer but that is how I take it. Thinking that the 00000s meant it was in a “hold mode” now they’re gone…… but this is JMH (and possibly incrrect)
5:29 AM [sonnayhwh] JstBringIt – I’m thinking along the same line. Wondering of the system requires a zeroed rate to restart at last traded value, and if live, it will then adjust as the market responds. . .
5:33 AM [sonnayhwh] Ok, so we have “live” rates on the rv’ing countries (I assume) that are showing November rates (last traded at?). Does that mean this live rates are now expected to adjust?? Anyone know??
5:34 AM [chillimac] sonnayhwh sonnayhwh YES YES
5:41 AM [sharonsdinar] Lawrence I was speaking about the fact that all 155 countries have come back online with Nov prices.. that is big like WOW


5:42 AM [sonnayhwh] Sooo. . . .I work with computers in a MMI format. Our logic requires digits with value (no zeros, + or -). A zero is a space holding number, but not used for logorithmic calculations. IF the zeros are space holders, the numbers must return to last known value so the calculation can continue. . .
5:43 AM [jim] sonnayhwh So, in your opiniuon, this is good because it is changing, progressing? Thanks
5:45 AM [sonnayhwh] jim – If the logic is similiar, this is VERY good info. The only question is the calculating sequencer, how much time it will take to calculate the data in between the “stop” and “start” points, imo.
5:52 AM [sonnayhwh] Here’s a guess on my part – But Jonnywg saying that the “live” rates are showing November value got me thinking there may be similarities with the field I work in, and that would explain why they reverted to last known value. .. .

5:51 AM [bald eagle] gold down $8.00+ silver down .23
hmmmmmmmmm 6:03 AM [debneureka] I was in here last night until the room closed–this is a woman who is usually asleep by 8pm! lgtennis had some excting rates she has heard!!! VERY INTERESTING!!!!
6:04 AM [debneureka] she said she has heard–hang on to your hat–$14 CBI and low $12′s banks!!!!
6:05 AM [sonnayhwh] debneureka – Generals64 at MIG was explaining that Shabibi asked for 12+ in 2008 but was turned down. He believes it is now in the 13 range. . .