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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, January 27, 2015

S3A CHAT UPDATE WITH R.V / GCR & LVEGAS INTEL, 28 JAN

S3A CHAT : 
  • They're saying Wednesday
    • Great OM. TY so much.


  • I do not like to always post information that is third hand, but my contact involved in one of the trading platforms called me a little while ago. He indicated he was on a conference call with the higher-ups involved and they were told the codes were given to release the dinars for their currency related platform. They also indicated it appeared the GCR would be released tonight into tomorrow. They were all very excited, very positive.. I so hope this is it. Very excited! 

  • Great LV, thanks!  Seems to jibe with OM, and Bruce as well.
  • I'll take it. Sounds good to me too.
  • OK ROCKS POST FROM TNT, 28 JAN

    OK ROCKS:  They are going to purchase debt in the secondary market, there is no country that can do that unless they ARE on the international stage... so they are telling us they are DOING IT RIGHT NOW! LOOKING FOR IT TO ENTER THE STAGE TONIGHT! PRAYING.... OH DEAR LORD THANK YOU IN ADVANCE!

    CBI supports commercial banks and buy treasury bonds
    January 27, 2015 16:00

    Iraqi Central Bank has agreed to support the liquidity of specialized commercial banks $ 5 trillion dinars to enable them to provide loans to industrial and agricultural and providing loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation.

    According to a statement obtained by direct a copy of which has been the central and alsoagreed to buy back treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars first stage of those bonds.

    Note that previous actions do not affect the Central Bank of Iraq Special Reserve.  LINK

    The World's Top 10 Places to Put Your Money, 27 JAN

    At VivaTropical, we’ve talked a lot about the benefits of owning an offshore bank account.Moving at least a portion of your portfolio overseas can help protect your assets from threats of litigation and the whims of the U.S. government.
    Diversifying into international markets can also open wide the doors for a whole host of non-traditional investments that might not otherwise be available to you with a domestic bank or brokerage firm.
    But with a whole world of options out there (literally), how do you choose which bank, or even which jurisdiction, to trust with your savings?  And by what criteria should you judge the candidates you’re considering?
    Well, that depends largely on your particular needs and investment goals.  To some (even those doing business honestly), privacy is of the utmost necessity.  To others who might be looking for income-earning opportunities overseas, favorable tax laws may be the most important factor.
    Below, in no particular order, are what are considered to be some of the best overall offshore banking jurisdictions. We can’t say which characteristics might be most beneficial to you and your financial situation, but this list should give you a good idea of where to start your search.

    Panama

    Panama has long been a key player in the international banking industry, and the country’s recent economic growth has further solidified its place as a financial leader.  With over 80 international banks, it has one of the world’s largest banking sectors.
    The country has a good balance of stringent privacy guidelines combined with adequate controls to prevent money laundering.  As a result, the industry is highly competitive, yet better monitored than many more peripheral jurisdictions.
    Panama enjoys favorable tax laws, such as exemptions for foreign income, so you won’t be double-taxed.  It’s also a great place to do business, invest in the growing tourism industry, or take advantage of great deals on Panama real estate.  Many tax advantages exist for each of these types of investment.
    Additional benefits to opening an offshore bank account in Panama are its close proximity to the U.S. if travel is needed to set up or maintain the account.  English is widely spoken there.  Plus, the dollarized economy eliminates any foreign exchange risks.

    Seychelles

    A rising star on the international scene, Seychelles scores big points for its high level of bank secrecy.  Its long-standing privacy policy protects the identity of the beneficial owners of companies and corporations.  As a result, it’s one of the world’s best places to set up a closely-held offshore corporation.
    The nation is a bit lax about reporting interest income to foreign tax authorities, although it does maintain tax treaties with 46 countries, in compliance with the Organisation for Economic Co-operation and Development.
    Interestingly, much of the local population of Seychelles has no access to banking services, and most of its businesses have virtually no way of borrowing capital.  However, the country has been rapidly building its banking sector and has one of the fastest improving economies in the world.

    Hong Kong

    A number of key factors are working together to make Hong Kong one of the fastest growing offshore havens in the world today.  It’s located near a rapidly-growing China, not to mention the rest of Asia.  It’s also become the chosen destination of those who’ve moved their European and North American accounts due to the privacy crackdowns in those jurisdictions of late.
    A perk to banking in Hong Kong is the ability to hold funds in a wide range of currencies and even change currency with the flip of a switch. Savings accounts can even be held in gold.
    Interest rates are impressive, and tax laws are favorable for foreigners.  There are no taxes on capital gains, inheritances, dividends, or deposit interest.  Only local income is taxable. Even profits from overseas trades that pay to Hong Kong-managed accounts are usually exempt.

    Singapore

    Although Singapore regrettably earned its place as a top financial center by turning a blind eye to illegal foreign activity, it certainly hasn’t hurt this offshore haven.  It’s currently one of the world’s fastest growing wealth management industries, expected to rival Switzerland by 2020.
    It benefits greatly from its location as a hub for southeast Asia, and has a major advantage over rival Hong Kong whom many view as being too heavily influenced by China. Singapore’s tax rates are among, if not the lowest in Asia.  A wide range of currencies, including gold, are available to account holders.  

    Today Singapore’s banking sector is much more compliant with banking regulations. However, due to the industry’s size, it exerts a high level of influence over the government, resulting in very little political opposition to its privacy practices.

    Switzerland

    It’s hard to think of offshore banking without Switzerland coming immediately to mind. While it’s far from the picture most people have of James Bond making a withdrawal from an anonymous numbered bank account, Switzerland still offers some of the world’s strictest confidentiality.
    The country is stable and politically neutral.  The financial services industry is also protected by a strong consensus against any political changes that might affect the all-important offshore sector. As a result, Swiss banks offer a reliable, secure offshore banking environment.
    Because of these benefits, Switzerland holds banking assets estimated to be roughly 820 percent of the country’s GDP.  Switzerland has also been a leader in technology, with secure encryption, internet banking, electronic funds transfers, and electronic signatures.

    United Arab Emirates

    The UAE city of Dubai first emerged as an important financial center when it found itself lacking in some of the oil and gas reserves that some of its neighbors possessed.  As a result, it shifted its focus to the flow of massive amounts of money circulating among its oil-rich neighbors and beyond.
    It serves as a politically and financially stable banking option, amid a region plagued with turmoil.  It’s also situated strategically along an all-important East to West trade route.
    Benefits to banking in the UAE include low taxes, a number of tax-free zones, and a level of privacy that rivals that of Swiss banks.  Due to its ask-no-questions philosophy, it’s home to considerable illegal activity.  Much of the industry’s incoming funds are in the form of cash or gold.

    Cayman Islands

    The offshore choice of political candidate Mitt Romney, the Cayman Islands benefit from the added support of being a territory of the United Kingdom.  So, while still essentially autonomous politically and economically, it has a safer feel for those who are skeptical of international markets.
    Like many of its competitors, the Caymans offer a number of tax-free incentives and little financial regulation and oversight.  The nation has long held the opinion that savvy investors are perfectly capable of taking responsibility for their own compliance and that the markets always know best.
    Today the country is the world’s fifth largest financial services center, taking on business from the world’s biggest banks and corporations.  It plays host to over 10,000 mutual funds (only Luxembourg has more), over 200 banks, over 90,000 companies, and 140 trust companies.  It’s the world’s top home for hedge funds and captive health insurance companies.

    Lebanon

    Lebanon is often hailed as the “Switzerland of the Middle East” for its tight bank secrecy laws.  Banking privacy in Lebanon is “absolute” and guaranteed by law, with violations being subject to criminal prosecution.
    It’s also a tax haven, much like most of its competitors.  Foreigners pay no local income tax on interest and revenues earned in Lebanese banks.  Likewise there are no inheritance taxes, stamp duties on contracts, corporate income taxes, or taxes on dividend distributions or capital gains.
    The country has a stable banking system, as well as measures in place to prevent money laundering.

    Luxembourg

    With over 12 percent of the world’s market for offshore banking, Luxembourg is a major player in the global financial sector.  Like other banking secrecy jurisdictions, it’s full of tax loopholes and loose financial regulations.
    It’s also extremely stable due to it political neutrality and the strong influence its financial sector holds over the nation’s political leanings.  It’s central (both politically and geographically) to the heart of Europe and was a founding member of the European Union, giving it better access to European and international markets.
    Its tight banking secrecy policies are based more on the principle behind professional lawyer-client relationships, with even more privacy laws in the works.  The country is also reportedly setting up a high-security storage facility where clients can keep assets like paintings and gold with no fear of having these possessions reported to tax authorities in their home countries.
    Whether you’re looking for a place to stow a Picasso or simply wanting to transfer your self-directed IRA where you’ll have a better variety of investment options, offshore bank accounts can open up a whole new world of possibilities.

    Belize

    Although only in its 3rd decade of international banking, Belize has been steadily growing its financial services industry since it first emerged on the scene in the early 1990s.  Today it offers a myriad of products and services to international investors from all over the world.
    It’s a popular choice among North Americans, due largely in part to its proximity and the fact that it’s an English-speaking nation.  It’s also modeled after British (rather than Spanish) law, making a lot of legal processes much more familiar.
    Belize is in close runnings with its international competitors in terms of the variety of its offerings.  Clients can easily set up a corporation, trust, or limited liability partnership.
    Before you choose a jurisdiction, do some additional research to determine the requirements for opening an account and to make sure the particular country or bank offers the best incentives to help you achieve your financial goals.
    And, whatever you do, don’t forget to follow through with all of the latest forms the U.S. requires for offshore account holders.  It doesn’t matter if your jurisdiction doesn’t report you.  The IRS can and will find you.LINK

    FRANK26 UPDATE, 27 JAN

    Greetings Family. I want to go over an article that WalkingStick brought to KTFA this morning, it is from the CBI, something they first posted there, but we brought to you first thing this morning. WalkingStick would you be so kind to repost this article please.

    The article talks about the CBI doing three things:

    1. They will be making 5 trillion dinars available to commercial banks for the purposes of loans…what kind of loans…loans for agricultural, industrial, and home loan/building uses.

    2. They spoke of offering up to 50% of commercial bank reserves, up to 6 trillion dinars using this amount whatever it settles out to be to finance public budgeting.

    3. And lastly, a buy-back of 5 trillion dinar in form of treasury bonds…this is to be done on the secondary market, meaning they must be doing this with a recognizable currency not something at the program rate….this would be a transaction with the world!

    Now why is all this so important…..IOO…..we believe the CBI is TALKING and talking loudly.

    The Finance Committee has been crowing all day that they are soon to be ready, they worked through the night to have the budget prepared to present to the President of Parliament…..done.

    This means they should be voting on the budget on Thursday during their normal session starting at 1:00 pm Iraqi time….but there is nothing in stone yet that says we will see the budget on Thursday.

    You will see or read that the budget has the 1166 rate in it, but that matters not….what matters is what the CBI is saying and what they have intentions of doing….what we still look for is when the CBI will work their magic.

    They will be loaning money back to these banks that they received from them in the past months….remember they each had to up their ante with the CBI to stay in business…..that is why the CBI said they were not touching their “special reserves”….the reserves of Iraq….they are instead using the money of the banks to make the loans mentioned in the article.

    It is what we’ve been saying, the CBI is in charge of this event, they work in conjunction with the GOI most recently, but the CBI is calling the shots as they indicate in this article. The CBI is going to take care of Iraq’s liquidity issues with these steps.

    Now we can’t say that their actions will take place by Thursday…we are interpreting what the CBI is saying in this article and what must happen when they say so……no we don’t know the date or the rate….KTFA does not go there, remember.

    Just be ever so vigilant to what the CBI is doing and how they go about their business. Aloha Frank

    PS....a special recording from Frank:

    https://www.freeconferencecallhd.com/playback.html?n=OTQCw/jKKlc

    S3A CHAT UPDATE, 27 JAN

    Stage3Alpha:

    kauaihn January 27, 2015 Copied From Twitter

    @JCR3758:
     Good morning everyone! All is still great and it appears that we may be in the final window for the release of the RV. Abadi has set a date!

    BaNDiTo.RoX > There's a rate of 1166 in the budget already, But they said they can change it at anytime... News/Articles don't mean anything to me anymore because all were waiting for,  Is for them to go international!!! Pull a Swiss on us BOOOOOOMMMM!

    Springs > BaNDiTo.RoX Yes Bandito I always believe it will be suddenly. BOOOOMMMM! Today is not over. I think it will always have some type of carrot out there to let people think it is another this or that another week. Something else is happening behind that curtain where people are not watching.
    ....
    **********

    Danny S. January 27, 2015 at  Missed this today.  
    http://www.zerohedge.com/news/2015-01-27/nyse-invokes-rule-48-pre-empt-selling-panic


    NYSE Invokes Rule 48 To Pre-Empt Selling Panic

    Submitted by Tyler Durden on 01/27/2015 09:10 -0500

    The status quo must be maintained...

    *NYSE SAYS RULE 48 INVOKED FOR MARKET OPEN

    *NYSE SAYS MANDATORY OPENING INDICATIONS ARE NOT REQUIRED

    And what better excuse to stall the opening plunge implied by futures than the "blizzard" which never was... The last time this was invoked was June 2012 (amid a dramatic drop in pre-open futures) and Sept 2011 amid the chaotic 400-point swings in The Dow. Funny they do not use this "Rule" when futures indicate massive upside opens?

    ***********

    ClassyONE > Danny S. Maybe that why they mentioned this morning that the FED will be in a two-day meeting with no break. ;)

    **********

    anmb CAPTAINS LOG : January 27, 2015...on-board SS3 Alpha, Epilogue 1 :"Planet RV in Site"...All station members be on high alert for exchange,

    There are no klingons(a.k.a Cabals) within 93 million miles of our exchange centers & Banks.

    Your new task to after exchange is become debt free, rebuild your & family's personal health, create new memories, pay it forward, honor longtime members & those who have passed on, celebrate those warriors (Dinar Gurus) who have been directing the Intel squads for eons.

    Enjoy your wealth, it's a Divine blessing, but remember to invest wisely for today & future. Warp speed ahead.."aye.aye Capt'n we've got enough power"....TIMBER!!!!!!!KABOOM!!!!.

    ***********

    AJM0603 > Based on what is happening in Iraq on Thursday with the announcement of the finalized Budget, The RV would then (let me rephrase that: SHOULD happen) happen Tonight or Wednesday night.

    You have my vote that this will happen before Thursday.

    **********

    R.V. / GCR January 27, 2015 at 4:35pm The USA Is a Republic, yes two months ago the brics 4 system was spliced into by the federal reserve takeover of the new chinese elders who forclosed on the cabal, soon much will be transparent.

    IRAQI DINAR 123 NEWS :The CBI Should Take Essential Measures, 27 JAN

    Iraqi Dinar 123 News: – On Sunday, the central bank of Iraq issued a statement that a special session took place on Sunday by the house of the Iraqi central bank management to discuss the latest Iraqi financial condition. In this session, we have decided to take all the essential measures to empower the Iraqi banking sector and to enhance liquidity in the Iraqi banking system. The CBI also said that these necessary measures will allow us to obtain the governmental debt instruments in a positive way in job creation and to enhance the balanced development for the benefits of Iraq.
    The bank also said that we have decided to make it possible in the transfer procedure of foreign currency sale, in order to simplify the continuation in the market stability and currency exchange rate in Iraq. The Iraqi central bank announced on 18th January 2015 that the Iraqi financial reserves are comparable to one and half times flaw of the currency bloc which returned in the very best rates in the countries all around the world.
    The bank also stressed that financial institutions in Iraq can’t cover the fiscal deficit. He added that we need to recheck the structure of the Iraqi budget, in order to expand our sources of income. The government bank’s capital reached at the total of 754 billion dinars till the last week of October 2012. The investment balance was recorded nearly 5,947 billion dinars of the government banks and the shares were recorded 4,929 billion dinars, but only 1.018 billion dinars by the private banks.
    The Iraqi council representatives’ integrity committee announced on 18th January 2015, that the issuance of the judicial rulings are very near against 16 banks for charges by the central bank of Iraq. The bank also confirmed that there are more than 3,000 private administrative and corruption cases.

    FAITHB52 POST FROM TNT : BANK STORY, 27 JAN

    FAITHB52:I finally have a bank story!!!  This is first person, not second or third.  Friday morning I had to visit my local WF.  After my business was finished, I asked the banker what he knew about currency revaluation (didn't mention any particular currency).  He said, "they told us it was supposed to happen this morning, but it didn't".  Then he made some comment which indicated to me that he had considered the investment himself but had decided against it.  I thanked him and continued my work day.
    The End  smile
    I've hesitated posting this in the forum because of some of the rude comments often made by members.  But I did share it in chat, and several people were encouraged; that's why I decided to post it here for the masses.  If you can't write something nice, please don't write anything!  Don't ask me what city; it's a small town north of Houston; not a major metropolis.

    MAILMAN17 TIDBIT, 27 JAN

    1-27-15 Mailman17: WE HAVE SEEN IRAQ TAKE GREAT STRIDES TO NOT ONLY GET THEIR GOVT IN CHECK BUT THEIR ECONOMY READY FOR GLOBAL RECOGNITION. SHABS HAS STATED MORE THAN ONCE IN THE PAST THAT THE CBI'S GOAL WHEN ENTERING A MARKET ECONOMY WAS TO BE ON PAR...ON PAR WITH THE DOLLAR.  IRAQS ECONOMY HAS BEEN LINKED TO THE DOLLARS VALUE SINCE 2003. THE U.S. DOLLAR WAS USED MORE IN TRANSACTIONS THEN THEIR OWN DINAR...DAILY.

    THEY HAVE ENOUGH RESERVES BACKED BY FRACTIONAL BANKING (15-1) (NOT 10-1 AS SOMEONE ELSE STATED) TO ATTAIN A 1-1. WITH A 4MBD OUTPUT, MOST LIKELY TO FAR SURPASS THAT IN THE NEXT FEW YEARS NOT TO MENTION THE OTHER RESOURCES SUCH AS NATURAL GAS AND PHOSPHORUS. YES, PHOSPHORUS...THEY HAVE ENOUGH TO BRING THE WORLDS RESERVE BACK TO 100% AS IT IS USED IN A LOT OF THINGS LIKE STEEL AND MEDICINE...ETC.

    IRAQ IS A GOLDMINE. GOLDMINES START STRONG AND BUILD ... IMO ... DEDOLLARIZATION IS THE KEY ... AND THE IRAQIS MUST HAVE FAITH IN THEIR OWN CURRENCY FROM DAY ONE ... AND SEEING AS THEIR ECONOMY IS BASED ON THE VALUE OF THINGS PURCHASED AGAINST THE VALUE OF THE DOLLAR ... I TRULY SEE THEM COMING OUT LIKE SHABS SAID ... ON PAR OR A LITTLE BETTER ... STAY FIXED ... THEN OPEN THE MARKET DOWN THE ROAD WHEN STABLE...THE PRINT TELLS US WE ARE CLOSE, REAL CLOSE ... AND IRAQ IS A LOT BETTER THAN MOST THINK IN REGARDS TO SECURITY ... JMO. 

    BLC CHAT WITH SHREDD, 27 JAN

    BLC Admin Shredd Chat 1/27/2015

    [Shredd] "The central bank also decided to buy Treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars in the first phase of these bonds," adding that "the above procedures for upholding the private reserves of the Central Bank."

    When a bond is first sold in the market, it is initially bought in large pieces to a small (usually private) group of investors such as banks and large institutional funds.

    This initial purchase is done in the "Primary Market". It's the first line of lending.

    From there, these initial holder group will typically sell all or a portion of their investment at a favorable spread and in smaller pieces to a larger audience in the public sector. This is done in the "Secondary Market".
    ~~~
    So, why do we care? The CBI is participating in this process to stimulate investment in the secondary market, to the public sector and at the same time benefiting from this favorable process to uphold its reserves.

    Make sense? The CBI is playing a huge role in stimulating the investment in their country! This is proof in the pudding folks and the positive ripple effects of them facilitating investment in this manner is textbook and will fast forward investment money and returns for Iraq.

    By the way, this of course, will substantially support adding strength to the dinar. it's all good...........so much proof that the central bank and the GOI are working together to now bring economic growth to the country and that translates to Iraq getting out of a dual currency situation.

    IMO, this is also proof that both entities know the dinar is stronger than the dollar to be working on making this move... but that last part is my opinion.

    [therealbubbie] Shredd the auctions are getting smaller !

    [Shredd] therealbubbie where they at these days?
    therealbubbie] the last 6 !! Shredd wait and i''ll show you !! give me a minute !

    [Shredd] ok

    [therealbubbie] 224,986 ... 123,867 , .. 108,544 ... 97,918 ... 77,907 .. 67,593 !!!! Shredd

    [Shredd] therealbubbie wow, keep watch, may be more telling than most realize

    [therealbubbie] Shredd wating on tomorrow to see if it go's in the 50's !       

    [therealbubbie] Shredd what are the steps they need to get into article 8 ... or what ever you call it !!     

    [Shredd] therealbubbie tbh, it's been a while since I read it (sadly, yes I read it)  so I can't really opine. I'd just be restating what other gurus are saying and that's not my M.O.

    [therealbubbie] Shredd so you can't opine ... but can you talk about it ! lol       

    [Shredd]  lol  well, let's focus on what we know..........

    [therealbubbie] *hallelujah*

    [Shredd] the dinar has appreciated via a managed float without any Article VIII compliance so, one could assume a continued move of the dinar rate, managed by the CBI, could continue but regarding moving to a free float that is market driven,

    that is the part others are saying is contingent on compliance and it makes no difference to me the method.........we win either way. I gotta run

    [therealbubbie] Shredd ty !

    MRILES POST FROM TNT :Taxes on the Dong, Rupiah and Zim, 27 JAN

    MRILES:Taxes on the Dong, Rupiah and Zim
    We have been told all along that we should keep our dinar exchange separate from all other currencies because it may be taxed differently.  According to DC the Dinar exchange will be taxed at normal capital gains rate plus state and affordable health care taxes ~58% in CA.

    Has anyone heard what the taxes will be on these other 3 currencies? I do not understand how they could tax the gain in the dong or the rupiah because it is useble currency like the Canadian dollar, the Euro etc. (not sure if the Zim is considered a real currency). When you exchange these two currencies you are not taxed  so how can they tax the Dong?

    I bought Dong at both Chase and WF, both asked when I was traveling to Vietnam- no clue.
    Any input / thoughts.

    SUNNY:WOW!  Do a search on this subject and you'll find it's been covered a gazillion times with lots of answers.
    Here's the skinny as I researched it:  There are three places in the tax code that mention foreign currency.
    1. Regards taxation on businesses that do imports and exports
    2. Deals with taxing the currency trader
    3. The one you mentioned which when you dig into it regards currency when you've been on a trip, as in out of the country.
    So far, anyone who has really looked into this has not found anything in the tax code that applies to this situation. That includes a friend who is both a Dinarian and a retired IRS Audit Agent.

    Also another friend who owns Dinar, just yesterday called the IRS and asked, What is the tax liability for gains on a currency exchange?  They told her there was no one there who could answer her question!

    In addition, if you go read the tax code, capital gains applies to capital assets and currency does not meet the definition of a capital asset.
    I think it was David M., one of TNT site Administrators who said this:  (if it's not you David, I apologize but errored on the side of giving credit)

    "At your Dinar cash-in time, (after the RV) you will be merely converting one currency to another – Dinar converts into US dollars. Assuming the RV has occurred, the dollars you get when you convert them have the same value as the Dinar. You won’t get any more or less than exactly the newly assigned value of the Dinar.
    When you convert Dinar to US dollars, 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."  

    Here is a post I found somewhere that explains it also:
    "Notice though in IRS Pub 525 it says "a gain on a personal foreign currency transaction". It does not say Capital Gain (BIG difference between the 'C' and the 'c').

    The qualifier of whether it is a Capital gain is not how much money was made on the transaction, but rather what the initiating instrument was.The transaction must have originated with an investment in a Capital Asset; real estate, stocks, bonds and the like.

    http://en.wikipedia....ki/Capital_gain

    Currency is not considered Capital nor an asset. Proceeds from "a gain on a personal foreign currency transaction" may be considered personal income and taxed as such if you are a taxpayer who files, but does not qualify for any Capital Gains tax, which is entirely different than claiming it as a capital gain.

    As a rule when considering tax implications it does not matter how much was made, but the origin of the transaction and the rules governing those types of Investment.

    A purchase of foreign currency by an individual is not an Investment because it is not an asset, not Capital, and not a Qualified Fund of which all or part of the gain realized was the result of foreign currency trading.

    Purchase of foreign currency by the general public is pure speculation. Just like the lotto. You might get lucky - you might not. Just because you bought into the 'Dinar hype' and stocked up on box-loads of the pretty pink paper does not make it an Investment. You have invested in your future, but not in an Investment.

    Even if the CBI revalues thier currency tomorrow and you have the opportunity to EXCHANGE it for USD and make a profit it is still not an Investment and does not qualify as an asset or Capital exchange. 
    But to me, this is all moot, as I am pretty sure we will find out what the IRS has in store for us after RV, and I think it will not be what we think our tax requirements are now."  
    AND . . .

    “[Peter Lawyer comment] Spent almost 3 hours with IRS today and here in a nutshell what they told me, coming from their Law Dept on Currency. Currency is not considered an investment.

    It is NOT a Capital Gain because it is not the sale of anything. Currency Exchange is treated as an exchange and not the sale of an asset. You would have to pay taxes on currency if purchased through an exchange such as the Forex, but currency is not treated like a bond, stock etc. the only way you could be taxed on currency is if congress passes a NEW LAW to collect taxes on this event.

    This was told to me by an IRS Law Dept Lawyer. I would like someone out there to show me proof or where in the IRS Tax Code where Currency is considered a capital gain. The IRS sure in hell could not show me or tell me that it was.

    Where is everyone getting this information that currency is a capital gain? I think this is made up just like a lot of the other information on these blogs.”

    As Tony says, park 50% of your blessing until we find out and find an EXCELLENT Tax Attorney/Expert.

    Highfollarfolks:Folks, you better hope you do not pay ordinary taxes, that is the highest rate there is. Go to Publication 525, page 30 , bottom of page , believe it is middle of the column and it is there about exchange of currency over 200 dollars in gain will be taxed. If after the RV you want to get an IRS ruling then go for it. But you could be sorry you opened that can or worms if the rulling is not in your favor. Any foreign currency that is exchanged is taxable of the amount gained is over 200 Dollars US. Go read it. I strongly suggest you count on that amount , CAP GAINS, at the very least when figuring your tax amount then you will be pleasantly surprised if it is different. I have some pretty solid IRS and TAX preparer contacts that is where I get my info.

    Bossman:Folks, you better hope you do not pay ordinary taxes, that is the highest rate there is. Go to Publication 525, page 30 , bottom of page , believe it is middle of the column and it is there about exchange of currency over 200 dollars in gain will be taxed. If after the RV you want to get an IRS ruling then go for it. But you could be sorry you opened that can or worms if the rulling is not in your favor. Any foreign currency that is exchanged is taxable of the amount gained is over 200 Dollars US. Go read it. I strongly suggest you count on that amount , CAP GAINS, at the very least when figuring your tax amount then you will be pleasantly surprised if it is different. I have some pretty solid IRS and TAX preparer contacts that is where I get my info.

    R.V / GCR & DINAR GURUS UPDATE, 27 JAN

    S3A :
    • Talk on the hill, TODAY. about upwards of a 90 day stall........Consisted of pro`s and con`s for a delay of the TRN`s and how it effects the global authority of the past usa currency dollar, how far will she carry that ball....THEY Are Now Claiming it is to protect the USA position as the MAIN reserve CURRENCY.......TIMBER..<br />
      <br />
      YEP, THERES NO INTEL, TODAY

    DINAR GURUS UPDATE

    1-27-2015   Newshound Guru sczin11  I STILL AM A BELIEVER THAT THE BUDGET NEEDS THE RV TO BE EXECUTED THE WAY THEY INTEND IT TO BE...THE REVERSE TO ME IS LESS SIGNIFICANT, MEANING RV DOESNT NEED BUDGET...   

    1-27-2015   Newshound Guru Chattels
      IF THE BUDGET ARRIVES AT PARLIAMENT TOMORROW THE NEWS SAYS WE MAY HAVE A VOTE, BUT IF NOT THEN MAYBE NOT UNTIL NEXT WEEK.  I AM BEGINNING TO ASSIGN GREATER SIGNIFICANCE TO THIS BUDGET THAN YEARS PAST.  INTERESTINGLY ENOUGH THERE WAS MENTION OF THE IMPORTANCE OF THE BUDGET IN DISCUSSIONS ON NATIONAL RECONCILIATION.  CERTAINLY IT IS A "HUGE" BUDGET/ISSUE FOR THE KURDS, AND I DO NOT USE THE WORD "HUGE" LOOSELY IT MAY NOT "TRIGGER" OUR EVENT, BUT OUR EVENT MAY NOT PROCEED WITHOUT IT.

    1-27-2015   Newshound Guru sczin11   
     RE: CBI, MAJOR DETAILS COMING IN MANY VERSIONS, OF THE RELEASE TODAY ON THEIR WEBSITE, WHICH IS BASICALLY THE FINALIZATION OF THE UNANNOUNCED MEETING THEY HAD ON SUNDAY...THEY ARE TAKING CHARGE, AND MY MAJOR QUESTION IS, WHO IS RUNNING THE SHOW?   I FIND IT VERY UNLIKELY, KEYWORDS (LOL), ALI MOSHIN ISHMAEL IS MAKING THIS HAPPEN...JMHO

    1-27-2015   Intel/Newshound Guru Poppy3  NEWS IS FULL OF SOLID GREAT NEWS...WE WILL BE SINGING WE ARE IN THE MONEY ANYTIME NOW.

    1-27-2015  Newshound Guru Millionday 
     THEY ARE EXPECTED TO VOTE ON BUDGET ON THURSDAY "...the parliamentary Finance Committee announced today that the parliament session next Thursday will vote on the budget bill... THIS IS ANOTHER STATEMENT SAYING THURSDAY IS BUDGET VOTE DAY.    THE HCL IS GOING ALONG VERY QUICK FINALLY -- I REMEMBER A TIME THEY THOUGHT IT WAS DONE ---  THE NEXT SESSION MAY HAVE THE HCL WITH ITS AGENDA.  [when is there next session...Thursday?]  YES I BELIEVE IT IS BUT THEY HAVE STEPPED UP THEIR SESSIONS SO IT COULD BE SOONER...

    1-27-2015   Newshound Guru Aggiedad77  
     Article:  "Will approve the financial budget for 2015 on Thursday"   With optimistic expectations some are saying the budget will be approved on Thursday....the deficit appears to have been reduced to 21% from what they are also saying.....can't wait to see what this will bring.

    1-27-2015   Newshound Guru Mailman17
       ANYONE WHO THINKS IRAQ WILL ANNOUNCE THEIR CURRENCY TO THE WORLD IN AN OPEN MARKET AND LEAVE IT AT 1166 HAS A NUT LOOSE. THAT WOULD BE A SLAP IN THE FACE TO THE CBI, IMO. WHEN THEY COME OUT...THEY WILL COME OUT STRONG. OVER A 1-1 GUARANTEES DE-DOLLARIZATION WITHOUT STICKER SHOCKING THE LOCALS.  A FLOAT DOES NOT DE-DOLLARIZE...PERIOD. IF THEY WANT TO GO TO A FIXED AND MANAGED RATE TILL THINGS SETTLE...THEN LET THE DINAR BE MARKET DRIVEN...FINE...THATS SOUNDS MORE LIKE A PLAN THEY CAN MAKE ADJUSTMENTS WITH DAY TO DAY...EITHER WAY THE PRINT TELLS US THEY ARE READY TO MOVE AND IT LOOKS LIKE BY FEB 1 COULD BE OUR WINDOW. AS ALWAYS, JMO.

    JCR3758 TWEET, CHATTELS & SCZIN11 UPDATE, 27 JAN

      @JCR3758: Good morning everyone! All is still great and it appears that we may be in the final window for the release of the RV. Abadi has set a date!

    1-27-15 Chattels: IF THE BUDGET ARRIVES AT PARLIAMENT TOMORROW THE NEWS SAYS WE MAY HAVE A VOTE, BUT IF NOT THEN MAYBE NOT UNTIL NEXT WEEK. I AM BEGINNING TO ASSIGN GREATER SIGNIFICANCE TO THIS BUDGET THAN YEARS PAST.

    INTERESTINGLY ENOUGH THERE WAS MENTION OF THE IMPORTANCE OF THE BUDGET IN DISCUSSIONS ON NATIONAL RECONCILIATION. CERTAINLY IT IS A "HUGE" BUDGET/ISSUE FOR THE KURDS, AND I DO NOT USE THE WORD "HUGE" LOOSELY. IT MAY NOT "TRIGGER" OUR EVENT, BUT OUR EVENT MAY NOT PROCEED WITHOUT IT. 


    1-27-15 sczin11: RE: CBI, MAJOR DETAILS COMING IN MANY VERSIONS, OF THE RELEASE TODAY ON THEIR WEBSITE, WHICH IS BASICALLY THE FINALIZATION OF THE UNANNOUNCED MEETING THEY HAD ON SUNDAY...THEY ARE TAKING CHARGE, AND MY MAJOR QUESTION IS, WHO IS RUNNING THE SHOW? I FIND IT VERY UNLIKELY, KEYWORDS (LOL), ALI MOSHIN ISHMAEL IS MAKING THIS HAPPEN...JMHO.