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Friday, May 11, 2018

DINAR GURUS UPDATE, 11 MAY

5-11-2018  *** Dinar Guru News Update ***  Iraqis will head to the polls tomorrow Saturday, May 12, 2018 to vote in the next parliament.  This new parliament will ultimately determine the next Prime Minister of Iraq.  Obviously, this is an important election as it will determine the direction of the country and holds the fate of the dinar.  Stay tuned as the results come in. The latest guru updates will continue below...
35-11-2018  Guest Guru BobTheTaxMan  ...So the institution that you are going to share that with is going to accept that as dinar and they would exchange it for dollars.  You would get a receipt showing the exchanged rate.  That receipt would then be applied to your Schedule A and you’d get a million dollar write off on your taxes.  The neat part is let’s say you did that but your taxes for that year were only $25,000 …whatever is left over from that schedule A on your charitable contributions which wasn’t take that first year is carried forward.  And carried forward.  And carried forward until it’s all used up.  I like that for a strategy simply because I like to prepay for everything.  And if I can prepay for my taxes this way, where I’m actually supporting a cause or a belief I have and not have to pay taxes then I would definitely rather do that.  Especially when I can carry it forward and carry it forward and carry if forward.   It gives me time to manage my new investment differently - better.  It’s a consideration.  Just be aware in order for that to really work for you, you’re going to have to donate your dinar as dinar… [Post 2 of 2]   [NOTE:  This is NOT to be considered tax advice in any way.  At the appropriate time speak with your own tax and legal professional]

5-11-2018   Newshound/Intel Guru Mnt Goat   Tick Tock…Tick Tock - the clock is ticking and so it is one day before election day May 12th and still no RV. In reality Iraq has already started early voting on Wednesday May 9th and so technically they are already in the election.  ...READ the NEWS, LISTEN to what the CBI and the GOI are saying...I have been told by my CBI contact over and over again over the many years to listen to what they tell the citizens, as they will be guiding the citizens through this entire transition process to the new currency.  [post 1 of 3....stay tuned]

5-11-2018  Guest Guru BobTheTaxMan  Because of the new tax law changes…the biggest advantage we have is to donate to charities in order to reduce your taxes…Charitable contributions is going to be one of the biggest chances you have of being able to reduce your taxes…when you choose to do that there are two things you need to be aware of.  1.  When you make you contribution as to a non-profit…you want to do it in dinar.    Do not do it in dollars.  The reason why:  If you are going to do it in dollars you have to exchange the dinar into dollars which makes it a taxable event.  You have to include that income on your tax returns and then add it into your Schedule A.  Who wants to add another million dollars to their income?  VERSES if you were to donate dinar, let’s say it was a million dinar and it came out at a dollar (I’m not saying it will…I’m just saying as a number.)  Then that will give you a 1 million dollar write off. [Post 1 of 2 Stay tuned for the rest of the story.] [NOTE:  This is NOT to be considered tax advice in any way.  At the appropriate time speak with your own tax and legal professional] 

5-11-2018   Intel Guru Bruce   You know Iraq is having their elections Saturday, May 12, 2018...  What we are hearing is the percentage of people that will vote for Abadi is around 74 % to 74 ½ %.  He is looking really good for reelection. ​I really think Iraq for the most part has done what it is they need to do.  ...There has been some discussion as to why they haven’t had the rate out. I am not sure exactly, but I think we can look forward to the weekend. Let’s put it that way: to the weekend.  I want everyone to be confident in where we are in this and know that your time is coming very shortly.   [post 2 of 2]

5-11-2018   Intel Guru Bruce   We had heard some things the last two to three days to make this thing look like we had it tonight, last night, or the night before...Where I was excited thinking we were right there,  we weren’t quite there, but we were close, and now we are even closer. There had to be a few things that had to happen.   It was done and things are moving along nicely.  There has been discussion why Abadi may or may not have had the rate publicly known yet internationally for the dinar.  We have seen some rates on a few screens. We have seen where the program the Economic Development was initiated last Monday. We did get confirmation for that, but for some reason that rate has not been quite put out yet.  [post 1 of 2....stay tuned]

5-11-2018   Newshound Guru chattels   Article quote:  "The results of the general and private voting and the exit will be announced in one package"   "Private" voting is a reference to the military and diaspora voting which began yesterday. General voting is tomorrow. One day remaining before the election.

5-11-2018   Newshound Guru Aggiedad77  Article:  "Abadi reveals the secret of his refusal to enter the parliamentary elections"   Quote:  "Iraqi Prime Minister Haidar al-Abadi said on Thursday evening that he refused to participate in a new Iraqi government based on "quotas"   WOW THIS ALMOST SOUNDS LIKE TO ME THAT ABADI IS THROWING DOWN A GAUNTLET...IF YOU WANT TO KEEP YOUR OLD WAYS...DO SO WITHOUT ME...IF YOU WANT TO LOOK FORWARD TO PEACE, PROSPERITY, AND IMPROVEMENTS FOR ALL...THEN HANG TOUGH WITH ME...HE'S GOT A PLAN...IMO...WE JUST AREN'T PRIVY TO THE FINAL 2 MINUTES OF PLAY FROM HIM AT THIS POINT...BUT THE END ZONE HAS A CELEBRATORY GROUP ALL AROUND THREE SIDES OF IT...AND THE THUGS ON THE FIELD HAVE DUG IN...BUT AGAIN IMO...THEY WILL BE NO MATCH FOR ALL THAT IS TO COME...SPECTACULAR FINISH I PREDICT...WATCH UNTIL THE GUN SOUNDS...DON'T BLINK..OR YOU MAY MISS A CRITICAL ASPECT.

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