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Thursday, May 22, 2014

CAMDOC POST FROM TNT FORUM: "ANOTHER SOURCE OF PRESSURE TO GET THIS DONE" , 23 MAY

It occurs to me that if, as Tony said, those who cashed in in December and January did not receive cash, but received SKRs and two credit cards, that there may be an additional pressure to get this done.

 Imagine if you are the staff or family of a senator, and in December, you were told about the IQD, told to go buy some, and take it to the bank.  So, you spent a thousand dollars or so, bought a million dinars, and took them to the bank.

 At the bank, you received an SKR for your deposit of IQD, an expectation that your SKR would be quickly converted to $30 M in USD,  and the two credit cards.  Expecting the RV to be over within days, you took those cards and bought the requisite car (100K), house (2M),

yacht (2 M), and horse ranch (3 M).  Total, about $7 M.

 It is now 5 months later.  Guess what?  Your credit cards are accumulating debt at a rate of, what?  28% per annum?  That would be 2.33% per month.  Just what is the monthly interest on $7M?  It is about $160 K.  Which you probably don’t have.  So it accumulates.  Next month, your balance is $7.16 M, and your interest is 167K, total is now $7.77 M.  In March, the interest is now $181K, so your balance is up to $7.95 M, and still no RV.  Are you getting nervous yet?

 In April, the interest on $7.95 M is $186K, totaling $8.13 M, and in May, your interest is $190K and your total is $8.13M on your credit card.  You already have accrued more than a milllion dollars in interest payments!   Do you think that you might be putting pressure on the guy who brought you into this to get it done???

Obviously, if you got a rate of 32, you would be more comfortable than you would be with a rate of 12. or $3.44.  And, the interest rate could be pretty much any number, but at 200K a month interest, it does add up.

PHILIP TILTON POST FROM STAGEALPHA FORUM: "YOUR RV ITS ON ITS WAY" 23 MAY

On your mark get set get ready once again we are at the ready the Bretton Woods and handle today 2 days ago there was a signature that says in America can be apart how's the banking Exchange Bank instruments all the way down to the level of the citizenry .

What we need to ask ourselves now is why is Congress madwhy would they have their feathers in a ruffle because someone says let's go.

I know why because they know that they have broken the rules and if they are going to be in trouble when all is said and done two-thirds of your Congress have put money into their own pockets already ill gotten gains it is up to you glactic cells to be honest with what you really want and you need to get these people out to vote this next time around.

 Alright unconfirmed report tier one is getting ready to go tier 2. Will be up next which we said we could go then three and four now. What does that mean that means the rates have been doubled because the Chinese have been offered I hire old credit to get the dinar of the streets because I run wants to pay the world to get out of their way and then they kidswant to take all that money is there about to make and get rich and become the super nation of Iraq.

 Now the fun part about that is I'll tell you in another post ok right to 747 are or above no fees at Wells Fargo $4 on the Dong 30 cents zimwith the 6 lop. And $1.10 rupiah this is hearsay but is hearsay amongst a couple different circles enjoy your RV kid its on its way

J. HARVEY POST : "WHERE WE ARE TODAY", 22 MAY

The little birds told me
Don't worry about a thing..every little thing gonna be alright..be happy! There is a War in good over evil and we are confident in Victory.

I4U CHAT WITH MARKZ,PART.1, 22 MAY

.SweetQueen] GOOD EVENING MarkZ

[MarkZ] Wow.... hello everyone.

[ModelWoman] Hope you have great news tonight MarkZ

[schaefer3] Hi MarkZ - what makes you confidant that CMKM/CMKX is $7.00/share or more?

[MarkZ] schaefer3 A great source close to it told me to look for 7-9 in the F&P portion of it, then a week or two later we should be offered a buy out or to stay in and convert stock to the new company.

MarkZ] ok I will jump to a short update. 1st: Everything is stellar 2nd: It may actually be one of the best intel days of this crazy ride so far 3rd: Okie looks to be close or at least within a few days 4th: BWoods was all that I assume the boards say today.

SonOfTheRepublic] Awesome MarkZ ... we'll be looking for an Okie landing soon
....
[MarkZ] SonOfTheRepublic I know I will be keeping an eye out for him.

[sandytob] MarkZ What was Okie's prediction?

[MarkZ] sandytob May 25th

[lilypad] MarkZ. What is hot off the press that you can share with us ?

nikki23] Markz I have been hearing that currency exchange is not to be taxed at all, unless you sign a paper stating that its an investment. Your opinion please.

[MarkZ] nikki23 I have heard that and I have been told 11%. I was also told it would be taken off the top and we wouldn't even know it was taxed.... I am going to play it safe, set aside 30% or so and seek GREAT tax advice.

[zach77] MarkZ - For CMKX, do you have to be an owner of record by a certain date to receive the F&P? Thank you.

[MarkZ] zach77 It should be just tied to your shares.

 [#2sister] What is F&P

[MarkZ] #2sister fines and penalties

 [SonOfTheRepublic] MarkZ what about Zim? In the basket?

[MarkZ] SonOfTheRepublic I was told today that it still is. Let us hope it isn't though...... ;)

[SonOfTheRepublic] MarkZ yes for obvious reasons

[MrT] MarkZ Is that dinar only?

MarkZ] MrT yes. VND I expect to be a long term capital gain like most big currency transactions as I understand it. I am not a professional though and I highly suggest we all get legal advice!

 [ischmahsman] MarkZ how can banks take tax off? They are not taxing agents

MarkZ] ischmahsman No, as I understand it the amount would be collected at the treasury level and would be more like a 'tariff' We will all have to just wait and see though. Either way we are blessed.

moneyman2] People just be safe and save off 50%, then you are covered no matter what happens, state taxes on top of that number

[MarkZ] moneyman2 That is a smart idea

[sandytob] MarkZ If this could actually happen next week.....it would be a miracle. I just can't let myself get too caught up in believing it....it has been such a wild ride.

[MarkZ] sandytob You are smart to stay grounded. This has been crazy so far.

[Glurerivyg] MarkZ Is it true that the Bretton Woods meeting yesterday was a breaking point where the bad guys were defeated so that RV GCR can finally not be stopped?

[MarkZ] Glurerivyg Yes and no. Bwoods went exaclty as planned. Was it the public breaking point? Yes IMO

 [misskitty05] MarkZ do you know if the law was enacted that said no state could levy tax on a currency transaction?

[MarkZ] misskitty05 I do not know that

[expectancy] mark z. im hearing rates. can i say and you say yes or no?

 [MarkZ] expectancy You shouldn't say them.

[berberboy] i worry about people if they plan to spend more then 50% before the next tax year lol

[MarkZ] berberboy Lottery effect. Most will be flat broke in a few years.

 [jtrain7] Markz are there truly high level arrests taking place as far as u know? In u.s. even? [moneyman2] berberboy if they do they are very foolish

[MarkZ] jtrain7 absolutley

[snowcap71] Mark Z - do you still expect this before the end of the month?

[MarkZ] snowcap71 yes

[sandytob] MarkZ Do you think the VND will be more than .47?

[MarkZ] sandytob yes. If it isn't I plan on holding on to mine in a MCA until it reaches a resonable level which I THINK will be around 2 which is closer to an RI rate.

[Oohut] MarkZ What is a MCA Please ?

[SonOfTheRepublic] Oohut MUlti currency account

SonOfTheRepublic] MarkZ It is sad but the lottery effect will be in play for many people

[MrT] SonOfTheRepublic Hopefully all that stay on the boards will be smart enough to not let that happen!

[MarkZ] SonOfTheRepublic true

 [sananddan24] MarkZ are we there yet?

[MarkZ] sananddan24 ding dang close

[tc0043] MarkZ People need to ask their wealth managers about investing in tax free municipal bond mutual funds and generate a tax free monthly income

[MarkZ] tc0043 absolutley a GREAT idea and it will help rebuild our infrastructure and cities.

[MarkZ] tc0043 I will be putting my fall back nest egg in tax free muny's I think they may not be sexy but they are safe and steady.

[jtrain7] Mark z are the arrests at governmental level or primarily banking?

[MarkZ] jtrain7 both. Most government ones will start the moment the reset occurs. Security is in place for it. IMO

 [sagefemme] SonOfTheRepublic what is lottery effect

[SonOfTheRepublic] sagefemme Most lottery winners are completely broke within 3 years

 [nutzo] sagefemme spend-spend-spend

[Fiver] I haven't heard Rupiah mentioned in a long time...

[MarkZ] Fiver because it isn't expected to win at quite the same level even though it will still be a good one IMO

 [sandytob] MarkZ I don't know if you can answer this, but.........if I gifted someone some VND last year, will that count as a long term capital gain for them?

[MarkZ] sandytob As I understand it yes. I am not a professional though.

[moneyman2] MarkZ here is a tuff one for you,,,,, when do you think we will see the new t notes?

[MarkZ] moneyman2 within a day of the reset. I spoke with a person that swears he has seen them.

[moneyman2] MarkZ my banker says he has a pallet of them in his vault

[MarkZ] moneyman2 I like his style and his vault....

[moneyman2] MarkZ MarkZ he said they are still wrapped up and was told not to open it till later

[moneyman2] MarkZ the rats are hiding for cover ya think?

[MarkZ] moneyman2 heck yes they are or cutting deals and squeeling like porkers.

 [expectancy] mark z. are we still shooting for three day weekend

[MarkZ] expectancy last I heard yes

[slh1812] MarkZ there was wind that it was a shouting match at B-woods today...true dat?

[MarkZ] slh1812 hahah yes

 [moneyman2] MarkZ that has to good for the whole process i would think

 [expectancy] MarkZ mccain a friend?

[MarkZ] expectancy I don't know. I need to ask.

[jtrain7] Markz good to hear. I don't think we yet realize the full magnitude if the changes upon us! I think nothing will ever be the same again on so many levels. Awakening!

[MarkZ] jtrain7 It will be bigger than the night we watched the Berlin wall come down. This is Earth shattering big.

 [go cougs] MarkZ- Would 6 zeros and .30 be in the realm of possibilities for the Zim.?

[MarkZ] go cougs very possible I believe.

[SonOfTheRepublic] MarkZ.. Your opinion.. Once all theese currencies reset to assets, won't it lock down the price of metals after the surge from many buyers?

[MarkZ] SonOfTheRepublic metals will surge, then drop, then adjust to become very stable.

[pursuitoftruth] MarkZ, do you know much about how the reserves will be handled?

[MarkZ] pursuitoftruth not really

[K Boom] MarkZ - how 'public' of an announcment might we expect? And from whom should we expect to hear, if any? Thanks

[MarkZ] K Boom Part of the announcements will be very public. Parts they will try to downplay.

 [SonOfTheRepublic] MarkZ.. Your opinion.. Once all theese currencies reset to assets, won't it lock down the price of metals after the surge from many buyers?

[MarkZ] SonOfTheRepublic metals will surge, then drop, then adjust to become very stable.

 [slh1812] MarkZ What about commodities following exch? metals/wheat/coffee etc?

[MarkZ] slh1812 my rule is this after the reset. Can you taste it, touch it or eat it. I like commodities that are staples.

 [misskitty05] MarkZ do you expect an announcement regarding the USA's switch to the new USN?

[MarkZ] misskitty05 yes I do.

 [jtrain7] Markz we will all look back in a year or sooner and our jaws will drop. Wonder who will play mark z in the hollywood version. Maybe they'll let u pick! Lol

[MarkZ] jtrain7 hahahaha I want to be on a beach........

 [pursuitoftruth] MarkZ, someone said we can expect a 25% - 50% drop in the dollar. I believe we have seen some already. What say you?

MarkZ] pursuitoftruth I believe we have already seen a solid drop. I am personally looking for about a 25% decline but keep in mind that is not a bad thing. It means our dollar will go just as far here, not as far internationally but America can start producing and selling abroad again.

 [sananddan24] MarkZ will the currency exchange be around the clock ?

MarkZ] sananddan24 for most banks it will be for a week or two. They want us in and out and they want our money!

[slh1812] MarkZ with all the news coming out about China & Vietnam & the VND, where are we now wrt the IQN? Is it still the lynchpin? Or are we looking at NEW lynchpin in the VND post first round?

[MarkZ] slh1812 they are all tied together now. No certain one. IMO

[bryan1972] MarkZ We have all heard alot of this in the past....... Why should we believe this is it?

[MarkZ] bryan1972 I wish I could tell you what I know that makes me feel this is finally it. That I can't share. :( But on the positive side I do believe we are EXTREMELY close to the end.

[sagefemme] thank you for asking that bryan1972 i was thinking the same thing .... most of the questions here have been asked over and over and its still the same. its coming and we wait.

[MarkZ] sagefemme It has been a painful experience thus far. Way too many ups and downs.

[Joshua2415] MarkZ So with the coming of our "blessing" (RV) is it safe to think that the new republic is really real and will actually happen?

[MarkZ] Joshua2415 yes it is safe to think that. Keep in mind the "New Republic" will only go as far as WE push it. We will need to put our new money where our mouths are.

[expectancy] MarkZ is the a backwall that can go pass? can the bad guy stall any longer

[MarkZ] expectancy I hate the entire notion of a backwall. There is a goal to have it completed by though.

slh1812] MarkZ wrt New Republic, is there a one-stop-shop website yet for it?? It's all so confusing to know which one is the "Right" one...?

[MarkZ] slh1812 slh1812 There is not a one stop shop for that.

No one is quite sure exaclty what it will look like. I will try to start bringing a new piece each night for you all though

I4U CHAT WITH MARKZ, PART.2, 22 MAY

K Boom] MarkZ- how much influence did the China/Russia non USD oil deal have in moving this off the fence?

[MarkZ] K Boom It is more of a sign that the petro dollar is dead than pressure on. It is a symptom of the death of the fed

[slh1812] MarkZ ty we want to start building those relationships but can't until we know with whom we are relating! Rofl

[MarkZ] slh1812 It will become clear quickly.

[sandytob] MarkZ Bankers in some Wells Fargo branches are still saying that when they exchange foreign currency, they have to send it to their closest central clearing house in Philadelphia (I am in Baltimore) and then it will be credited. How to handle that?

[MarkZ] sandytob Do not over think it. There will be faster options that will be presented quickly for you.
....
[K Boom] MarkZ - Thanks- let's be humane then and pull the Fed's plug for good lol

[MarkZ] K Boom heheh ya

[pursuitoftruth] MarkZ, the Fed had a really good run at the world's expense. They deserve to die IMO.

[pursuitoftruth] Not the people, the insitution...clarification.

[MarkZ] pursuitoftruth mine too

[dlyle21] MarkZ ... will private banks and tier 2 banks have the opportunity to offer the contract rates

[MarkZ] dlyle21 I have been told they will absolutley have the chance.

[tinkie] MarkZ does your intel think tomorrow or Sat?

[MarkZ] tinkie I didn't say that. I am looking for closer to next week personally.

[Steelerfan] MarkZ HERE IS MY BIG FAT QUESTION.............. is the TRN gonna be gold backed for a dual purpose. 1. basil and 2. to hold onto our reserve status????????????

[MarkZ] Steelerfan A combination there of. B3 is not just 'gold' backed. a lot of assets will be backing money after the reset. Somewhere there was a great list of those assets. I think it was on the UN site at one time.

[slh1812] MarkZ Steelerfan Yes, it's still there...but some countries are missing

 [bryan1972] MarkZ Are you still planning to tell all, post rv?

[MarkZ] bryan1972 Yes I am and I am looking forward to it.

[Falcon5475] MarkZ - it seems like the RV date continues to be a moving target.do you believe will finally see it before Memorial Day?

[MarkZ] Falcon5475 It will be close but the target isn't capable of moving and dancing like it once was.

[slh1812] MarkZ With China stopping dollar transactions in Afhganistan, is this part of the squeeze play?

MarkZ] slh1812 not all countries will be ready to be B3 compliant right away. They will use there foreign reserves to peg their currencies for the short term. IMO

 [lilypad] I have chocolate milk and blueberry poptarts MarkZ. Now when do u think I can retire?

[MarkZ] lilypad lol. I hope soon.

 [pursuitoftruth] Markz. will you not be signing an NDA then?

MarkZ] pursuitoftruth I doubt a NDA will restrict tht information. It should only relate to banking, rate etc.

[K Boom] MarkZ- last time we chatted here- you mentioned a number of steps remained that needed to be completed in the process. On a percentage basis- how completed would you say we are at this moment?

[MarkZ] K Boom hmmmmm. we are about 90% along. The last parts can be accomplished quickly though. All that is needed is a clear, safe window. There is no mulligan if they do not get this right the first time.

[spanky4565] MarkZ is there really a chance of an RI w/ the VND as i have seen some say or is that something to much to consider IYO. I do realize u can't be to specific and understand if u don't want to answer at all :)   

[MarkZ] spanky4565 There is a chance and honestly a RI would rock. that would make it around 2.21 by my math. IMO

[expectancy] MarkZ if the rv doesnt happen by june 1, what will that mean

 [MarkZ] expectancy That they didn't get a clear safe window. It WILL NOT BE A REASON TO PANIC THOUGH. We ALL have to stop getting wrapped up in exact dates. It WILL happen. It SHOULD be very soon.

[abbababy] MarkZ Good Evening. With this being a holiday weekend, I saw something interesting. Wells Fargo usually never closes for holidays, excpt the major T,C, etc, but today I saw a branch in the Vegas area that will be closed Monday for Memorial Day. Interesting? could this be the long weekend? Hugs

[MarkZ] abbababy could be and I hope it is!

[sagefemme] what is it that makes a window of time for this to go safe

[MarkZ] sagefemme That is a question that I am not sure I can answer and keep all parties protected. They are looking for a safe window for the trustees, bond holders, prosperity folks. It is a VERY involved question. I will think on a better way to answer it safely. :)

[abbababy] MarkZ I always like seeing you here because you seem to be the only one with you feet planted solid on the ground. Thank you for your kindness& time. I am always keeping you in my prayers.

[MarkZ] abbababy :) you made me smile.

 [sananddan24] MarkZ do yo3think the zim will be the sleeping giant?

[MarkZ] sananddan24 yes

[moneyman2] MarkZ are we still looking and hoping for one basket of currencies to go at the same time?

 [MarkZ] moneyman2 yes

 [MarkZ] moneyman2 That being said though I am looking for a few currencies that I fully expect will not be going yet. :)

 [bryan1972] MarkZ What can you not tell us? Grin

[MarkZ] bryan1972 lol! That really is the question that should be asked... Now if I could just answer it....

[moneyman2] MarkZ i have a list of 6 that look very interesting...

[MarkZ] moneyman2 We will have to compare notes after this.

[MrT] MarkZ Mongolian in the next basket?

[MarkZ] MrT I believe so.

erthtunes] markz--from a friend==$7-$9 CMKX figure includes our trust fund payout, and if not, whether we will receive those funds before the buy-out offer is made?

 [firenice] MarkZ When do you think MC will do his thing?

[MarkZ] firenice I can't/shouldn't say

[tc0043] MarkZ If every currency doesnt revalue even just a little now to make the price unattractive at least, don`t you think that could be detrimental to some countries economy?

[MarkZ] tc0043 yes. That is why some will adjust a few times as 'steps' are accomplished.

[go cougs] MarkZ-At one time you said you liked the Central and West regions of Africa, Can you give the NAME of the collective regions currencies?

[MarkZ] go cougs just do a web search on central african currency. You should only find 2. A Central African and a West Central

[expectancy] MarkZ are the devils and their minions caged up or are do we still worry

[MarkZ] expectancy They look to be under watch and thumb now.

[sharpshooter007] Dont know about Safe Window.. PTB have never been painted into a corner before why now

[slh1812] We should think in terms of "PTW" now, not "PTB" ... just my little earworm for everybody grin

MarkZ] sharpshooter007 China and Russia killing the petro dollar this week has the PTB painted into a corner like NEVER before. We meaning the corrupt american bankers/politicians lost their trump card this week.

[slh1812] MarkZ Keenan mentioned something our Indo friends and keeping them in line...hoping that isn't a holdup?

[MarkZ] slh1812 I do not think it is.

[sharpshooter007] Changing of the guard is what i believe is occuring.. New PTB

[expectancy] MarkZ i really feel that russia china and the usa had a plan to destroy the devil. the devil felt that he could create a war. but theirs was a plan to defeat him

[MarkZ] expectancy They made a heck of a move this week on that front.

[expectancy] MarkZ yes they did. i realized when russia backed off it was planned

 [erthtunes] plz sir--$7-$9 CMKX figure includes our trust fund payout, and if not, whether we will receive those funds before the buy-out offer is made?

[MarkZ] erthtunes we should recieve our F&P money first. Approx 10 days ahead of any offer as I understand it. I do not work for the company though. I want that clear. I am just a stock holder like so many of you.

 [clipper] MarkZ Do you think we will hear from Transfer On Line about CMKX payou?

[MarkZ] clipper yes

 [lilypad] MarkZ Do the rates have to show first on the CBI?

[MarkZ] lilypad no, but I expect them to show there at nearly the same time.

 [sagefemme] expectancy MarkZ is the window holding up rv

SpecialAgentGibbs] Suspenders are holding up the RV

[MarkZ] sagefemme IMO yes

[MarkZ] SpecialAgentGibbs lol

[SpecialAgentGibbs] MarkZ w2hat did I miss?

[MarkZ] SpecialAgentGibbs The special bus for intel people.

 [SpecialAgentGibbs] MarkZ The short bus???

[MarkZ] SpecialAgentGibbs I would say yes but I have met many wonderful people that some would say belong on the short bus but you get the idea.... :)

[expectancy] mark z. the zim 100t - 6, 7,8,9 or 10

[MarkZ] expectancy I wish I knew that answer.

[MarkZ] I am going to throw you all a curve tonight..... I am going to have a PBJ sammy instead of a pop tart. I found some of my aunt's strawberry freezer jam I had forgotten about....

[snowcap71] Is the Indonisan Rpiah in this basket?

[notsoguru] MarkZ I think snowcap wanted to know if the rupiah was going to go at the sme time as the IQD and VND or not until later

[MarkZ] notsoguru yes then. Same basket.

[twinnster] markz....is the 7-9 bucks for cmkx that you quoted...is that for fnp and trust? or only trust? or only fnp? Thanks

[MarkZ] twinnster I hope it is just for the f&P portion. I am hoping for it to be in that range. We will not know though until the letters arrive at our doors.

 [tc0043] MarkZ Is part of the delay and the window the time it is taking for amaliki to form his new govt with all ministers and president?

[MarkZ] tc0043 I do not think so

elieve13] MARKZ ..hello ...are we still on track for May 2014

[MarkZ] Believe13 I believe so

[MarkZ] ok. later all.

[lilypad] You are a very fine person MarkZ. Thank you for being with us tonigh

FRANK26 HIGHLIGHTS, 22 MAY

Dear Frank,

Given your understanding, talks with Nova, Delta and all other team members, do you feel that the currencies involved in the China/Russia oil deal will revalue at the same time like the dinar? Of course your reply is totally your opinion. Thank you.

Frank26:  IMO .......... The probability is high. I give it a 70 to 30% that they will. Based on ........... All systems seem to be at go with both of them. As You always consider that not all steps are defined to us........... But study them with You

NUMBNUTZ7 POST FROM TNT FORUM: "GOOD THINGS ABOUT TO HAPPEN", 22 MAY

BANK MANAGER CALLED ME TODAY HE IS BEING TOLD 2 WEEKS THIS SHOULD HAPPEN LETS JUST HOPE HE IS RIGHT.

EXOGEN DIRECT INTEL AT 1:07 PM, 22 MAY

EXOGEN May 22, 2014 at 1:07pm

The Bretton Woods meeting today put SANTA on HIS WAY!!! It was NOT a meeting............

It was a FIGHT The Fact that he is NOW COMING!!!!!!!!!!!!!!! Is the BEST NEWS EVER!!!!!!!!!!! The Fact that he can NO LONGER be STOPPED from making Deliveries is EVEN BETTER NEWS!!

HUB POST FROM TNT FORUM, 22 MAY

I think we are in the end times for this occurrence. Iraq has had a valuable currency for hundreds of years...1955 = $2.55 per dinar...1990= $3.22, now how can the most valuable country in the world...750000000 barrels of oil known, twice as much gas, gold, diamonds, and Iraq is the largest producer of food in the region, have the most worthless currency except for two or three countries ...economics 101 teaches us that they have something the world wants and is willing to pay for it...and then Iraq wants f16s and apaches and Cadillacs and all the other stuff the world produces...so the currency has to be valued at a world market price.

So to trade, they have to have a currency equal to the value of the countries resources...do I have to mention the yen was a wheelbarrow per gallon of milk, the duech mark was a wheelbarrow full for a loaf of bread, the peso was six bags full for a cold beer...and all have changed...this is coming, cannot be stopped, may not be on our time schedule but is coming as it needs to be...we are watching history happen...we are watching the rebirth of Iraq and world currencies, this is history...so hang on...we are there.

ADEPT1 POST FROM TNT FORUM, 22 MAY

TNT:

Adept1:  Possibly NO tax on currency exchanges

Just received this from a reliable source:

FYI:  This has been going around. It is true that straight currency exchanges have not been taxed in the past. Worth keeping in mind and consulting with your tax attorney when the time comes, and do not sign away any rights just because a banks suggests it.

The pivotal question is, can we prove this was not just an investment? Will a straight exchange be enough in this instance? Better be sure about your professional advice and get more than one opinion.
.... 
Some UPDATED, FRESH Tax Info, DO YOUR OWN RESEARCH

I have been talking with a smart, savvy ex-member that is well connected to a UST source. She shared some info she recently got about the taxes on our upcoming exchange. Here is what she said:

"There is no tax for a currency exchange. This is from my UST contact. Just don't sign the form saying your exchange is an investment. Ask the banker if you are required to sign it?

Obama is requiring the banks to give us the form to sign so he can collect capital gains tax ~ but we are not required to sign it by law. Be smart. READ the form and make sure there isn't any reference to an investment or you're stuck with taxes."

I asked her to elaborate some because if a form is presented I wanted her to share a strategy or idea on how to handle this portion of the appointment….here is what she shared.

"There is no tax for a currency exchange. After you sign your NDA (there) will be this other form the bank will want you to sign regarding the dinar being an investment. Ask the banker if you are "legally required to sign it? Get the banker to say no and remind him you are there for a currency exchange."

What I get from this is that we need to take control of the appointment when this comes up. The atmosphere of a banker appointment is usually a tone of "oh, sign here?, Okay".....which is probably how they want us to be.

However, if this is the law it should be looked at as one of these traps we have been hearing about. I plan on trying to get the answer by researching the topic before I go on my appointment. I will share what I find.

If any of you choose to research the topic or have any info to support or counter this please share with me what you find out.

Please DO NOT take this as direct Tax Advice from me...I am not a CPA nor is the person I got this info from.

************

RustyKatt:  Once again Adept1, you go above and way beyond for us. This is something everyone of us should look into for ourselves and our future financial health. Nothing wrong in paying what we owe....but I have issues paying for something I don't have to or care to "donate" to.

************

JesusPost46: 
 form 104 - exchange or investment (Tony spoke on that before)

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McHowland:  Thank you Adept1 your R&D was Excellent. I did talk to one of the top CPAs and tax attorneys in the country today in fact and he told me almost the same thing you just said except he was no knowledge of the investment form which makes sense.

He did say this was an exchange, however and he bet me that those (congressmen and senators and the friends who have conections) will pay a totally different tax then those who do not research this.

He is going to check further on the dinar but he is quite confident. The other currencies that are already being traded are to be treated  as an exchange.

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Dinarasaurus:  When you convert Dinar to US dollars in exchange, you are not selling anything that brings taxable capital gain. You aren’t selling a house, or stock, or any of the normal capital-increasing gains. The IRS read-out states this, and it makes sense.

Therefore the IRS states that no capital gains tax is due when you cash-in Dinar. Read carefully the IRS findings and verify them for yourself.

Beware - if you put your US dollars into an interest bearing bank account (for even one day), you will gain interest and you will owe tax on the interest gained for each day. We’re advised to deposit dollars into a non-interest-bearing bank or credit union account.

Examine this IRS opinion regarding form 8938. The form was designed only to identify people with off-shore bank accounts or LLCs, or Corporations and get them to report their secret holdings.

Fortunately, none of the hype [about form 8938] applies to private citizens who happen to be holding foreign currency such as the Dinar or Vietnam Dong.

Call the IRS [Special Accounts Division]. The best thing is to get advice, with this kind of money, no one can wade through it on their own. Like Tony says, hold back 50% for whatever they come up with, I am.

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4flashtrafficonly:
 I've been pounding through the IRS website and will continue to do so, my cause for concern is this:

No tax on currency exchange, ok, but the Dinar was not a "Currency" at the time of purchase so it is not the same as coming back from the EU and "exchanging" my Euros back into dollars.

The big question is Will The IRS Treat The Dinar As An Investment Because It Was Not Previously A Viable Currency And Therefore A Speculative Investment?

 Further, the "Currency exchanges resulting in a gain of $200 or more should be treated as ordinary taxable income" issue still sticks in my head.  The IRS does not want to penalize travelers for exchanging their currencies, however, they don't want to miss out on anything that might be construed as "Currency Trading" either.

I plan on finding my own answers AND hiring a top flight tax attorney to get a private letter ruling from the IRS, prepare my taxes, file my taxes and get a receipt marked paid in full from the IRS (my get out of jail free card)

EXOGEN UPDATE: DIRECT INTEL AT 10:03 am est, 22 MAY

Bonds moving in Europe right now, confirmed. Platform blocks from  Rothchilds fixed trillions which is flowing money to us

DINAR IRAQ & DONG VIETNAM POST, 22 MAY

Article – “Obama extends the state of national emergency, which related to Iraq for another year”.

Hello Folks. By now you have heard that Obama extended EO 13303 for another year and a lot of people are taking a very negative outlook on this when they should not be. I went over this on my webcast yesterday in where I expressed my thoughts on why this needed to be done and today we find out that I was right. I hate when that happens, (wink).

QUOTE: “the objective of the extension of the state of national emergency related to Iraq is to deal with threats to national security and foreign policy of the United States and of the obstacles facing the reconstruction of Iraq and to promote peace and security.”

Pretty boilerplate right? Right but this next part is not, keywords to look at are “in which in addition to the”. See these words are not in the extension letters to Congress.

QUOTE: “in which in addition to the development of political institutions and economic and administrative Iraq”.

I have posted last years and this years EO 133030 extension letters signed by President Obama and none of them have these words in it… My point being, these issues are why Obama has extended EO 13303 until these issues are resolved and Iraq has a new government in place, with new leaders which will solve the Political issues and when they get the new budget passed the economic issues will also be resolved. Security in these areas will be where they need to be and where Abdul Basset Turki, governor of the CBI wants them to be before currency reform can be implemented.

So as you can see Iraq needed this protection, we need this protection and more importantly the Governor of the CBI and the watchdog over Iraq’s Monetary Policy needed this protection extended.

EO 13303 is different than most EO’s and that it has a time frame attached and can be lifted when the timing is right.

Chin up folks and it is not the time to be jumping ship IMO. We are closer than we have ever been in seeing economic reform take place in Iraq. It all depends on how long it will take to get Political and Economic Security in place.

With a legal memorandum of understanding on full accession into the WTO signed, HCL and Article 140 agreed on under this new National Coalition Alliances we are only looking for these areas now.

Political and Economic Security and we are off to the races, so to speak….

Stay strong and with the facts folks.

DC , MARKZ & FRANK26 TIDBITS, 22 MAY

5-22-2014   Intel Guru DC   [via Adept1]   I do believe it’s in the IMF’s hands as a coordinator.  The UST have given the go signal to the IMF. Maliki has basically been told that if he gets this done he will be PM again, so that’s all very positive. The IMF is in charge of coordination.  They have to encourage and keep everyone in line while Maliki does his job.  We are pretty much just waiting for the IMF to push the button.   I think it’s very, very strong between now and the end of the weekend. I don’t want to give a specific time, because of the ups and downs.

5-22-2014
  Intel Guru MarkZ   All is good...The news today has been everything from good to bizarre. Nothing seems to have changed though. We look to be right on track and moving along.

5-22-2014   Intel Guru Frank26
     WHO IS THERE? CHRISTINE LAGARDE HEAD OF THE IMF WHO HAS BEEN SAYING SOME NICE THINGS ABOUT IRAQ LATELY.  WHO ELSE IS THERE?  JOHN MCCAIN WHO ONLY ANSWERS TO [BUSH?] SR AND JR AND UNDERSTANDS WHAT THESE TWO FORMER PRESIDENTS ARE DOING. WHO ELSE? OHHHHH...JUST THE FORMER FEDERAL RESERVE CHAIRMAN WHO SERVED UNDER GEORGE W BUSH SR. …PAUL VOLKER WHO BY THE WAY IS ONLY THE AUTHOR OF VOLKER RULE LAW.   IS THE BIS THERE? LOL...WATCHING EVERYTHING BECAUSE EVERYONE AT THIS MEETING ONLY ANSWERS TO THE BIS. NOW HERE IS THE BEAUTY TO WHERE WE ARE AT RIGHT NOW. IT IS CALLED...THE TIMING OF IT ALL.   [post 2 of 2]

5-22-2014   Intel Guru Frank26
    O [Obama] HAS NOTHING TO DO WITH THE MR (Monetary Reform) TO BRING FORTH AN IR (International Rate)  ONCE THE CBI HAS FULFILLED ARTICLE 8 COMPLIANCE OF THE IMF.  BRETTON WOODS COMMITTEE HAS EVERYONE FROM THE WORLD BANK TO THE IMF REPRESENTED AT THIS MEETING. POWERHOUSES OF THE FINANCIAL WORLD!!! NOW MAY I BEG TO ASK A QUESTION? IS O AT THIS MEETING?  NOPE. IS BIDEN. NOPE. IS JACK LEW. NOPE. WHY?  BECAUSE THEY HAVE NOTHING TO DO WITH THE MR OF THE IQD.

EXOGEN UPDATE, 22 MAY

Early Thursday Morning:

Stage3Alpha:


EXOGEN May 22, 2014 at 1:07am The Bretton Woods meeting today put SANTA on HIS WAY!!! It was NOT a meeting............It was a FIGHT The Fact that he is NOW COMING!!!!!!!!!!!!!!! Is the BEST NEWS EVER!!!!!!!!!!! The Fact that he can NO LONGER be STOPPED from making Deliveries is EVEN BETTER NEWS!!

EXOGEN May 22, 2014 at 1:07am  The Bretton Woods meeting today put SANTA on HIS WAY!!!

EXPECTANCY > EXPECTANCY May 22, 2014 at 1:09am  Did the meeting minutes say they concede?

EXOGEN May 22, 2014 at 1:10am  It was NOT a meeting............It was a FIGHT

dinardiva > EXOGEN May 22, 2014 at 7:50am  EXO question now is when can we expect Santa to arrive?????  hours days ? Thanks getting exciting hope santa doesn't hit a snowstorm on the way to USA!!!!

EXOGEN May 22, 2014 at 7:01am The Fact that he is NOW COMING!!!!!!!!!!!!!!! Is the BEST NEWS EVER!!!!!!!!!!!


EXOGEN May 22, 2014 at 1:28am BEST NEWS IS SANTA CAN NOT BE STOPPED FROM MAKING DELIVERIES THIS TIME  

http://www.youtube.com/watch?feature=player_embedded&v=iSgEDKjmT5o#t=0

JOHN MACHAFFIE UPDATE, 22 MAY

INTEL RUMORS
ARRESTS PICKUPS IN THE HUNDREDS ARE IN PROGRESS NOW.
FEDERAL RESERVE BANKS COMPUTER SYSTEMS ARE BEING DISCONNECTED.
JACK LEW HAS BEEN SENT OUT TO PASTURE AND AWAITING HIS ARREST PICKUP.

PROSPERITY PACKAGES ARE BEING SENT OUT NOW.
OBAMA RELEASE FOR THE PUBLIC RV WAS SHOWN ON MULTIPLE TV NEWS