Friday, July 11, 2014


SHANON: [Hope I'm not duplicating others here - just copying over from the other thread.
  1. consider taking the non-contract rate. Benefits:  Gov't can never have excuse to seize my money; control my investments; talk about this process to anyone I choose; not pay any income taxes 
  2. exchange into multiple currencies and hold for exchange later?  BRICS, Zim, central African currencies, Philippine,  (others not in initial basket)
  3. immediately after, consult with CPA, tax attorney, interview several money managers to compare their fees and philosphies, including a bank wealth manager (though I don't trust the banks)
  4. consider exchanging a portion of the currency and waiting a bit for the float upwards
  5. consider exchanging only a portion at the contract rate - haven't heard this discussed


Notes Exo 6/26 Call

Roberta) He's talking about being careful with the NDA. That you’re not signing everything over to the bank or a 3rd party. If something like that happens get an attorney immediately to address it. The first part he was talking about Kerry and Maliki, and about what will be Maliki's next step, such as his resignation.
(Leslie) Basically, run from groups. And he's negating old exchange info saying most of it doesn't make any sense. Too much to go into here, but perhaps somebody is taking really good notes.
(Susan) Exo said, "To have a lawyer rescind the contract; if you have already signed one. Said the banks are in transition. Said to NOT rush into the bank. The TRN is 100%. Said to " 'Devaluation-proof' yourself." Use Multi-Currency acct.=1 acct. and is charged ONLY 1 FEE. Puts your money in a 'parking garage.' Is 'preservation of your principal'. Protects against market fluctuation. Use it for all of your currencies that you've bought, i.e IQN, VNN, ZIM. This is not a currency exchange. It is electronic, but is not creating a taxable event UNTIL you exchange. Park it instead in a safe currency in an MCA......Or just wait. Said to go to the bank and see which currency each bank covers. All are not the same. Exo is in the midst of obtaining a mobile-phone application for the Stage 4 participants.
(Susan) Said alot of info in Dinarland, re Iraq, they are using buzzwords. It is misinformation and disinformation. Keeps people off-balance. This will adversely affect folks when people go to the banks.
(Leslie) It hasn't really changed, according to EXO. Gurus haven't really known anything. All info has been given to keep everyone off balance.
(Susan) Exo also gave this, "Zimbabwe shuffle hint. 2 times....and then 2 different types of notes. One thing taking place, each time."
(Buddy) Is there still going to be a second basket or was it lumped together?
(Sunshine) Buddy there is strong evidence to suggest there is a second basket. Re the Zim, it seems that the 100t (2008 for both, uncirculated) note may go in first basket. The last I heard was that one will go first and the other would be in the second basket. Remember this: later is greater
(Susan) There are multiple systems running simultaneously. Make SURE you have a Private Banker....because this thing could go live-and you'd never know....unless you had one. There are NO rules in this.
(Susan) Exo, No on a 'Trust'. (Lesie & Gymrat) per Exo.....until LAST.
(Susan)......How to determine what type of one that you need. Alternative would be an......*MCA*, (AB, Leslie, & Roberta) corrected me, on this one...:-), an *NIB*), *LLC*.......is the fastest way to make our purchases, ANONYMOUSLY.
(Leslie) An LLC will make you invisible within 24 hours. Afterwards then you can put a trust in place. Not needed before the exchange.
(Roberta) He said; No on a trust right away. It is the last financial tool you want to put in place.  You need to know more about what type of trust you want.
(Susan) Re buying gold and silver: No to safe Deposit Boxes. NO GOLD in a safety deposit box. (New Rules) that makes FACTA look like a joke. New rules coming (down) the pike that stink for us.
(Susan) Iraq's Turki, has said "Raise the rate of the Dinar-with NO roof." Re reserves. Exo & Rene using a combination strategy. Dealers cannot cover all reserves. If you have reserves, deal w/ dealer. If you have currency, deal with a bank. They said that the playback link will be posted tonight. Arbitrage explanation: In this market you have currency with different rates, i.e. Street, Intl, etc.....Leverage all of these different rates...because at SOME juncture these rates are going to coincide.... COLLIDE. Said that this may not even show up on Forex, as people might think......Exo is checking BANK SCREENS.
(Leslie) Arbitrage - is a scenario where you have a market. In this market you have currencies with different fluctuating rates simultaneously...market, international and contract rates. Leverage all of these different rates because at some specific instant these rates are going to collide. Savvy investors will use the market to their advantage.  Example: IQD revalues tonight at $3.00. From an Arbitrage standpoint, take out a reserve, leverage based on speculation for economic gain. Taking advantage of 2 or more markets...to create profit.
What is leveraging: Rate is today, and what is rate tomorrow? When these rates are moved by the market, people can take advantage of increases. 
Question. If I want to leverage 1000,000 IQD - do I leave it as IQD or exchange for FRN or sit on it and wait.  Ans.  Several different ways. Put in MCA account and get a line of credit or take the 1m IQD and exchange for FRN and then take and convert to another currency.
Also: Rates may not even show up on Forex.  So, only watch bank screens at your own bank.
(Susan) Exchanging directly into gold=taxable event. Gold, approx. a year ago, has started showing up into a legal tender. Re: Gold Last week, no market volatility...and Gold STILL WENT UP. Driving price down-to buy cheaper. Safe to have physical gold, but not big on gold certificates.
CDARS benefit or not?=Certificate of Deposit. FDIC maxes at $250,000. Would not need if you are banking on the wealth side of the bank. They have additional structures for us on the private side of the bank.
(Leslie) Explain Certificates of Deposits: First State Com. Bank, ie. once you get to the 250,000 mark (insurance coverage) some banks will change your coverage to make you insured for higher amount. Other banks can come and split the risk, though you have your account at one bank. *I'm not sure how that's done.  In other words, you want to ensure your money is adequately insured.
MCA - are they available in this country? Should we open up one now? Yes, they are available in this country. No, not necessary to open one now. Instead develop a relationship with your bank. Check out S3A for information on Multiple Currency Accounts
(Susan) Was asked what EXO will do. Basic ideas.....Depends on the rates. Are NOT going to a big bank....Tier 2 banks. Limited derivative exposure.....Are NOT rushing in to exchange....are not calling a 800#....Already have bankers in place....Are no rules. Dumping FRN into cash flow businesses, etc.
(J. Harv) Buying real estate, cars, land etc with FRN's.
(Gymrat) Whatever you feel will be stable or increase in value...
(Leslie) 1. Don't exchange money all at once. 2.  No need for 800 numbers if you have banker in place.  No rules regarding 800#s. Most important, have a plan for all of the different scenarios that could possibly play out.  Very confusing  (in EXO's own words.)
(Susan) Make sure that you are separated from the public side of the bank...because if the bank goes under...you are not exposed....They are using 3rd Party Wealth Advisors, NOT BANK's Wealth Managers.
(Susan) Recommended two Tier 2 Banks; Regions Bank & First Citizen's Bank.
(Leslie) Q:  Where do I find Tier 2 Banks:
A:  Currency Exchange International - Google that
Q:  Are you still looking into a group exchange?
A:  Yes, but it won't be like everybody else. The difference is we're shopping the banks and we collectively decide whether we want a bank or not. No DL, Bank Routing #s and shoe sizes. LOL
Leslie) Q: You mentioned time limits associated with exchange. Should we be cautious and exchange it all.
A:  Logically, banks want the dinars. This currency will be here for a long time. Hold onto some of your gold. Dinar is just like gold. Banks want your money and they know that dinarians aren't savvy and they can set tricks and traps. Dinarians don't know what to believe about anything because every guru says something different. Who cares what the gurus say as long as WE ALL HAVE A PLAN!!!
A:  When do you plan on getting your red suit on.
Q:  From what we heard tonight, two hot hubs for dinar...Atlanta and Reno. Atlanta is the hottest. We know for a fact that business transactions are done there...moving...tonight we talked to our people, Reno is HOT.  That's all I'm going to say. No more intel tonight...
(SpiritDancer re: Tier 2 choice) ...You need to find who is in your neck of the woods.  There are smaller banks available.  Once I found my local tier 2 banks then I went to Bauer financial to find their rating.  Next I went to each website individually to make sure the bank:  Didn't have derivative exposure - has a foreign exchange division - has a Private/Wealth Division.  I also looked for the banks that have MCA accounts.  Just being prepared.
(Susan) Heard that there are two hot 'hubs' (areas) for the RV......Atlanta and Reno. Reno is as hot as the sun. Said, it's like, "Look over there, while we're doing this over here. "Can use credit unions, after exchange. Tier 2s; but not the big 4.
(Susan) Can use credit unions, after exchange. Tier 2s; but not the big 4.
(Leslie) Decide which currency you're going to keep for awhile and which you are going to cash out now.
Q:  Credit Unions? 
A:  Credit Unions will be a great place to go after you exchange to park your money. Tier 2 banks is just not one of the big 4. It's not just about derivatives. Regions Bank or First Citizens Bank are good choices for Tier 2. 
Bauer Financial is a great site to go to learn about Tier 2 banks. You can pick one close to you or not, depending upon your needs. Per Rene.....
(Didley)I thought that you did not want to wire out a lot of money in the first 30 days because  your accounts could get frozen.  Not sure if by the receiving bank or by the gov.
(Spirit Dancer) I think I recall hearing it was ok to wire bank to bank, but to not wire to another person's account.
(Gymrat) As soon as you wire to another institution go in and set up new accounts and close the one which received the wire transfer...  That just another firewall as interbank transfers are not tracked....
(Gymrat) Don't worry so much about it before the event in my opinion...  Once this POPS they will be after you...  Just garner the knowledge...  Your first couple of statements will set the tone for the meeting....  LET THEM KNOW WHAT YOU WANT AND EXPECT....As Marsh spoke with the wealth mgr. at our bank he confirmed that a non-interest bearing account will not let the bank have control of your money so it is readily available to you... I am trying to prepare for the worst.... I do however believe it will be just like most banking transactions and should go smoothly.... As I am to understand from TNT  (we r not part of the forum) There will be 5 or so "gurus" who will do a series of instructional calls every day for 2 weeks after this birthing process is done....  Just relax... spend some time on all the banking info EXO and Rene have provided us... If you already have, then review it again...  I feel this is VERY important....  You are armed with sooooo much info and you don't realize it yet...  Marsh is not a confrontational person at all....  She owned the wealth manager at her appointment with knowledge. If they see you know what you are doing then your exchange will be a breeze...  :)
(Gymrat) If you change enough to pay yourself out of debt and purchase what you want in FRN's  exchange in currencies that are safe and stable...  It will give you ample time to set up your trust structure or your LLC to aid in your tax liability... All the while parking your money safely...  with protection against lowering your value.
(Leslie) This is precisely why EXO suggested taking an attorney with us to appointment. Most have no knowledge about all of this...complex and confusing. I, personally, will take an attorney. Unless you in all of your wisdom and earthly banking knowledge can put out a bulleted list of things to do, Gymrat.  That would be marvelous!!!!!
(Gymrat) AL, I believe an Atty. would be a wise choice. It will be primarily for the banking contracts unless you are going to sign an NDA. When this thing finally pops you will have no trouble getting an atty. to go with you...  I will have one with me for sure.... we downloaded a copy of just the general WF banking contract.  It was like 28 pages long and very convoluted...
(Leslie) Now that we all have great information regarding what to do with our dinar, don't hesitate to call a bank of your choice and begin to develop your relationship (without mentioning dinar). Get an appt. with a wealth manager, & go out to lunch (yes, it's intimidating).  PM EXO and he will help you with what to say. They should pay for your lunch. LOL. Never mention Dinar!!!
"Do you recommend putting money in a State Charter bank?" Yes, as long as it's not tied to national bank.
EXO gives example:
Call the bank (He who is best with words, wins!).  Example you might use to begin this relationship.  Again, never mention currencies. This is about wealth management. 
"Your bank was highly recommended to park my funds. I need some wealth management and retirement strategies. Who would I talk to at your bank?"
(Gymrat) Take control of your life and funds people...
(Roberta re: Safety Deposit Boxes) It had to with new rules for safe deposit boxes. It doesn't sound like it's safe to use one for your gold. He said it makes FACTA look like a joke.
(Gymrat) Constitutionally gold and silver IS NOT TAXABLE...  Just sayn..
(Sunshine) Absolutely not safe for gold or silver.
(Gymrat re: LLCs) Basically, you're going to be better off in an LLC to start off with because it will protect you more than as an individual. However, you can still do that quickly after the RV. There are so many trusts to go through and figure out what fits your specific needs, that getting your trust structure done will take a little while. And they aren't cheap. LLC's can be done for $100-$200. A trust structure will cost many $1000's, depending on your needs and how many will be necessary to meet them. A NV LLC with a IBC (international business corp.) out of the Cook Islands will cost about $3750 thru bridgewaycorp.com. Check them out, pretty interesting.
(Gymrat re: 'Trusts') I think he (Exo) was implying that they take longer to set up and structure, but the Business corp. is fast so you can protect your exchange until you have everything else in place....  Also the tax rates are better when exchanging through a Corp. and /or Trust if one is already established..  Trusts are more expensive to start..
(Sunshine re: exchanging @ Regions) Regions, is one of the most recommended banks by EXO, as I recall but I can check the Banking Section to be certain. Keep in mind that while many banks aren't showing an exchange center NOW, that can quickly change. One option to keep open is exchanging in the nearest BIG4 Banks, and then quickly transfer to a Tier2... Personally, I would NOT want my currency sent off and that is the reason why I mention the Big4 - they probably already have the Delarue machines back there in the coffee break room (lol) Another way the banks can verify your currency is in the books they have on hand. Some things to consider, right?

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