_Bulldog75 to tnmom: GOOD EVENING LADIES AND GENTLEMEN; OOM MEMBERS ALL OVER THE WORLD!
Bulldog75: HI EVERYONE WELCOME TO OOM LIVE. ITS AN EXCITING TIME AND WE ARE SO HAPPY TO BE HERE!
Bulldog75 to OKIEOILMAN:
PLEASE READ / SCAN THIS LINK TO HAVE ANY IMMEDIATE QUESTIONS ANSWERED. THANKS. PLEASE REVIEW FIRST. PLS HOLD.
Bulldog75 to OKIEOILMAN: THAT WAS ADDRESSED TO EVERYONE, THE LINK. PLS REVIEW FIRST. THEN WE DO QUESTIONS; THEN LASTLY WE DO CURRENT INFO REVIEW OF WHERE WE ARE.
Bulldog75: MOST OF THIS INFORMATION TONITE PERTAINS TO INVESTORS THAT WILL HAVE OVER ONE MILLION USD AFTER RVD POST AND CASH IN.
Bulldog75: WE REALIZE THAT MANY INVESTORS WILL BE AT DIFFERENT LEVELS. WE MAY DO AN ADVANCED SEMINAR TOMORROW NIGHT FOR THOSE WITH 20 MILLION PLUS (FOR EXAMPLE) WILL ADVISE AS WE PROGRESS. THERE IS SO MUCH TO COVER TONITE WITH LITTLE TIME BUT WE ALSO REALIZE THIS HAS BECOME URGENT FOR MANY MEMBERS. WE ARE HERE TO HELP. DISCLAIMER; THESE ARE OPINIONS ONLY AND ARE NOT INTENDED TO BE INVESTMENT STRATEGIES NOR DIRECTIONS TO ACT. THESE ARE JUST PRECAUTIONARY MEASURES TO CONSIDER. EACH PERSON MUST ACT ACCORDINGLY TO THEIR PERSONAL NEEDS.
Read More Link on Right
_Q & A
1.)trinity: Will banks that do exchange foreign currency accept a dinar bill immediately upon RV? Or will they delay us? I need a cash in to redeem a reserve. Thanks
Bulldog75: TRINITY ANSWER: YES YOU MAY INITIALLY CASH WHAT EVER ONE NEEDS. CASH MIN AMT FIRST; HAVE 'BUSINESS TRUST' SET UP ......, IMHO.
2.)Chief53: Why the change from not usingg the computer for banking to electronic banking???
Bulldog75: CHIEF53 ANSWER: CLARIFICATION: COMPUTER AND ELECTRONIC IS THE SAME. THE POINT IS "NO PAPER WORK STATEMENTS" IN THE MAIL. TOO MANY CLERKS AND MAILMAN MAY CONFISCATE THEM. TY.
Bulldog75: PRINT ON LINE STATEMENTS IF ONE NEEDS.
3.)fmk1967 to Miskebam: #14 says no rush, but the time frame has change to shorter time, do you have any idea on the time frame?
ANSWER: BULLDOG75 : PROB EARLY CASH OUT DUE TO VOLATILITY OF THE MARKETPLACE, WORLD, IRAQ, IRAN. SHOP RATES AT BANKS FOR BEST BUY. OOM WILL SUGGEST BEST RATES. 4.)totty: is it still your opinion that this will be a 15% taxable event even if held less than 12 months?
Bulldog75: TOTTY ANSWER: YES, WE ANTICIPATE BUT WE WAIT FOR FIRM RULING. TY.
5.)gredhead: I was "disconnected" from the chat, had to logout and back in. Will these questions and responses to questions be saved on the forum?
Bulldog75: GREDHEAD ANSWER: YES WE WILL HAVE A LINK AND POST FOR EVERYONE TO REVIEW THESE ANSWERS, Q & A.
6.)dreamer4god: I don't have a passport, and I don't have the money to get one. Would it be ok to use a state ID rather than a passport or DL?
Bulldog75: DREAMER4GOD ANSWER: STATE ID IS GOOD FOR NOW. MUST GET PASSPORT. TY.
7.)pushywoman: After the RV will the taxes be paid quarterly, in April, or when you cash in?
Bulldog75: PUSHYWOMAN ANSWER: TAXES WILL BE PAID QUARTERLY. TY.
8.) trinity: Bulldog- Are you going to give us a status report on when you think the RV will occur or us in America?
Bulldog75: TRINITY ANSWER: YES. GAVE TONIGHT AND IN MY POSTS ALREADY. PLEASE SEE WINGMEN "BULLDOG75". TY.
Bulldog75: MORE DETAILS COMING ON THAT AS NIGHT PROGRESS IF SOURCES ARRIVE.
Bulldog75: RIGHT NOW EVERYTHING IS THE CALM BEFORE THE RATE POST.
9.)floridaman to tnmom: is there a difference if i cash in as an individuals versus getting my Business Trust established and have that "entity" cash in?
Bulldog75: FLORIDAMAN ANSWER: MAJOR DIFFERENCE; INDIV NAMES WILL BE KNOWN TO BANKING SYSTEM. BUSINESSES WILL BE CASH AS BUSINESS TRUSTS. MAJOR DIFFERENCE. TY.
10.)rosie: I have been making 2 sided copies of each dinar bill - is this advisable? My son has scanned copies into his computer..TY
Bulldog75: ROSIE ANSWER: YOU SHOULD BE GOOD AT ANY BANK WITH DELA RUE MACHINES. WILL NOT HAVE TO SEND OFF.
11.)txgirl: Will we still have the packages for the banks and if so how do we get them? Please and thank you
Bulldog75: TXGIRL ANSWER: NO PACKAGES AVAILABLE. WE WILL ADVISE ON BEST RATES, BANKS AND CASH IN SITUATIONS. DO NOT CASH IN FIRST DAY. TY.
12.)AZNative: Will we only have to pay taxes for our gains from the time we caxh in?
Bulldog75: AZNATIVE: YES, QTRLY PAYMENTS;IE: JAN, FEB, MAR TAXES ARE DUE APRIL 30. TY.
13.)Washman to Bulldog75: Does Okie still have the correct serial numbers for the 747's
Bulldog75: WASHMAN ANSWER: OKIE DOES HAVE SERIAL NUMBERS TO THE 747S PLANES TO LAND.
14.)bullseye: Bulldog75 This My be a stupid question I have never had or used a pass port How does this work & what shows up on passport
Bulldog75: BULLEYE; PASSPORT SHOWS ONLY NAME, DATE OF BIRTH, AND COUNTRY. NOT YOUR HOME ADDRESS, HT, WT, AND DRIVERS LICENSE #.
15.)UNC: should you pay all of your taxes out the gate
Bulldog75: UNC ANSWER: EVERYONE SHOULD PROB PAY QUARTERLY TAXES. TY.
16.)tajmah09: HOW CAN I FIND OUT WHICH BANKS IN MY AREA HAS A DELA RUE MACHINE?
Bulldog75: TAJMAHO9 ANSWER: CALL BANKS TO SEE IF THEY HAVE DE LA RUE MACHINE. TY.
OKIEOILMAN: TAXATION ISSUES ARE BEST ANSWERED AND ADDRESSED BY A TAX ATTORNEY------NOT A COMMON ACCOUNTANT OR C P A
OKIEOILMAN: IF YOU WILL TAKE THE TIME TO GOOGLE US TAX CODE SECTION 988 AND 525 IT WILL ANSWER YOUR CAPITOL GAIN QUESTIONS
17.)SkipperRose: Bulldog---the info, as posted in the forum, is dated 11/30, and i know this is so you can get everyone up to date...knowing this has been posted in the past, what new information do you have that can help those of us that have already read the info in that post from 11/30?!?! Thanks in advance!!!
Bulldog75: SKIPPERROSE; MANY ITEMS ARE CHANGING DAILY TO SOME PROPORTION DEPENDING ON ONES CIRCUMSTANCES, INVESTMENTS. USE DISCRETION. TYVM. APPRECIATE U BEING HERE.
18.)oilgenrl: Bulldog75: Is it necessary to make a copy of each Dinar? Front and back?
Bulldog75: OILGENRL ANSWER:IF IT MAKES ONE FEEL BETTER TO COPY EM, GO AHEAD. I AM NOT UNLESS MY BANKER SAYS NO CASH IN. YOU SHOULD BE GOOD. NO CHARGE BACK IF BANK ACCEPTS EM.
19.)olesailor: It looks like serious consideration should be given post rv to moving somewhere no one would know you, start fresh and be more private. Has any thought been given to that concept?
Bulldog75: OLESAILOR ANSWER; MAJOR ISSUE HERE. IF SOMEONE ELSE PERSONALLY KNOWS ONE HAS DINAR; WHO WILL BROADCAST IT IS THE QUESTION? NO ONE SHOULD KNOW A DINARIANS ASSETS, BUSINESS OR DETAILS EVER.
20.)dreamer4god: would the bank packages be for less than the rv? Or will we get what the rv rate is?
Bulldog75: DREAMER4GOD: ANSWER: THIS IS WHY ONE SHOULD WAIT FOR 24 HOURS AT LEAST. FOR THE MARKET RATES TO SETTLE. TY.
OKIEOILMAN: SOME BANKS WILL CHARGE A SPREAD AND SOME WANTS YOUR DEPOSITS MORE THAN THEY DO IN MAKING ANY MONEY OF THE REDEMPTION
OKIEOILMAN: SPECIFY NON INTEREST BEARING ACCOUNT WHEREVER YOU CHOOSE--AND INITIALLY REGARDLESS OF HOW YOU SET YOUR ACCOUNT UP
21.) Wtex: If you cash out into a none interest bearing account can you later transfer it to Business Trust account?
Bulldog75: WTEX ANSWER: DIFFERENT TRUSTS MAY HAVE TO BE SET UP TO PROTECT OTHER INVESTMENTS, INTERESTS. WHAT ONE DOES INITIALLY USUALLY PROJECTS THE LEGALISM OF THE FUTURE. SEE CPA, ATTORNEY, IRS.
Bulldog75: NON INTEREST BEARING SHOULD PROTECT TOTAL AMT
22.)lvn42day to OKIEOILMAN: What do you mean by, 'No charge back if the bank accepts them'? TY
Bulldog75: LVN42DAY ANSWER: MAKE SURE YOU GET AN OFFICIAL RECEIPT FROM YOUR BANK. THEN MOVE THE MONEY TO ANOTHER NON INTEREST BEARING ACCOUNT AFTER WIRES ARE DONE.
Bulldog75: DO NOT WORRY ABOUT DETAILED DETAILS AT THIS POINT. LOOK AT BIG PICTURE OF WHAT'S HAPPENING.
23.)oksooner: OKIE i have business trust already set up....am i good to just deposit no matter how large of a deposit ?
OKIEOILMAN: OKSOONER--YES IN A NON INTEREST BEARING ACCOUNT
24.)fanceedancer: how can you keep your medical records private if you are already retired and have medicare and social sec
OKIEOILMAN: WHAT DOES YOUR MEDICAL RECORDS HAVE TO DO WITH A DINAR CASH IN??--------APPLES AND ORANGES
25.) AZNative: I was under the impression if you deposit your money in a non-interest bearing account it would be covered. Yet you advise to insure it, why?
OKIEOILMAN: AZNATIVE--AT LEAST EXPLORE THE POSSIBILITY OF AN UMBRELLA POLICY OF PROTECTION IN CONJUNCTION WITH THE F D I C INSURANCE---MAY BE A GOOD INVESTMENT---Bulldog75: AZNATIVE: ANSWER: ONE MAY CHOOSE TO INSURE LARGE ACCOUNTS IE: LLOYDS OF LONDON
26.)fanceedancer: I am referring to safety precautions you posted about keeping soc sec # and medical records private
Bulldog75: FANCEEDANCER:ANSWER: BANK WILL HAVE TO HAVE YOUR SOCIAL IF U PERSONALLY CASH OUT.
OKIEOILMAN: THE REASON FOR AN E I N NUMBER OR A SOCIAL SECURITY NUMBER BEING REQUIRED IS SO UNCLE SAM CAN SPEND YOUR MONEY TO BUY MORE BULLETS AND BOMBS AND RAISE THEIR SALARY'S
27.)r2e2 to ADMIN: How long do we let our money sit in first account before we can transfer it out?
Bulldog75: R2E2 ANSWER: MANY OPTIONS; WILL SUGGEST; PROTECT YOUR PRINICPAL; CAUTION ON ANY INVESTMENTS!
OKIEOILMAN: DON'T FALL PREY TO ANY INSTANT INVESTMENT OPPORTUNITIES-------KEEP YOUR MONEY FOR A YEAR AND INVESTIGATE INVESTMENT POTENTIALS
28.)soblessed to Bulldog75: Bulldog75 what amount is considered large enough for lloyds of london insurance
Bulldog75: SOBLESSED ANSWER: YOUR DECISION; MINE WILL NOT STAY IN THE BANKS VERY LONG. SOME BANKS OFFER INCENTIVES IF U LEAVE 25% IN THEIR BANK.
29.)Washman to Bulldog75: Should we be able to cash in a couple 25k notes the day rates first show at the banks?
Bulldog75: WASHMMAN ANSWER: YES, OK TO CASH IN A LITTLE ON FIRST DAY IF SUPER NEEDS. TY.
Bulldog75: SEEK COMPETITIVE RATES THOUGH WASHMAN. SHOP OUR RATES.
Tigerlily to OKIEOILMAN: How about wiring the money to a brokerage acct, They have better insurance than a bank?
OKIEOILMAN: EMPLOYERS IDENTIFICATION NUMBER
OKIEOILMAN: TIGERLILLY----EVER HEARD OF MAINTENANCE FEE'S????
OKIEOILMAN: BULLDOG--EXPLAIN THAT BANKS ONLY ALLOW SO MUCH CASH TO BE DESPENSED IN ANY 1-24 HOUR PERIOD AND OVER THAT (5000) I BELIEVE---HAS TO BE REPORTED TO THE IRS
30.)LaGal to tnmom: would it be safe to pay for large items such as a new vehicle with cash? or to pay your home out?
Bulldog75: LAGAL: CASH IS LIMITED ON A DAILY BASIS. IRS IS ALERTED ON LARGE CASH PURCHASES.
31.)LSUTIGER to LSUdinar: wouldn't an offshore corp, acct, be the better protection against the usd collalpsing and the fed reserve ending its 100 yr contract?
Bulldog75: LSUTIGER: YOU WANT CPA/ATTORNEY ADVICE ON THAT PLS.
OKIEOILMAN: LSUTIGER---PLEASE FORWARD YOUR PRISON ADDRESS TO ME WHERE WE CAN CORRESPOND
32.)silverbullet: are swiss banks better than the lloyds of london option?
Bulldog75: SILVERBULLET ANSWER: SWISS BANKS, FEDS WILL TRACK OUT OF COUNTRY BANK ACTIVITY. RENDER UNTO CAESAR.
OKIEOILMAN: USE SAME BANK IF YOUR COMFORTABLE WITH IT
33.) mskish: will there be a chance of a 15% flat tax, no matter how long you have held?
Bulldog75: MSKISH: 15% TENTATIVE NOW. WILL ADVISE WHEN PERM DONE.
34.) rockyard: should i let my bank no the amount that is being transferd.
OKIEOILMAN: ROCKYARD--NOW THINK ABOUT YOUR QUESTION-----HOW ELSE WOULD A BANK OPERATE??---THEIR NOT MIND READERS
35.) plumberette: My issue can not go to attorney until RV and seems rate will not hold for LLC and trust to be set up. If I cash in to a non interest acct can I then move it to LLC and Trust when set up?
OKIEOILMAN: PLUMB--RATE WILL HOLD FOR SOME TIME---THEN MOVE TO WHEREVER YOU CHOOSE
36.)waitingpatiently: do you transfer acct. to new one in the SAME r a different banko
Bulldog75: WAITINGPATIENTLY: IN BANK TRANSFERRING TO NEW ACCT IS OK TO PROTECT WIRE TRANSFERS.
OKIEOILMAN: THIS KUWAIT RATE TEMPORARY FLUXUATION DOES NOT APPLY TO IRAQ
37.)StaciLou: What if you only have 1 mil IDQ.....Do you still need legal ease...?
Bulldog75: STACYLOU; ONE NEEDS A BUSINESS TRUST OR RISK PAYING 50% TAXES SOMEWHERE DOWN THE LINE. SEE JIM JENKINS TRUST.
38.) txgirl: Do we have any info on the dong and if we do have dong should we cash that in first and use the money to set up trust and then cash in dinar???
OKIEOILMAN: TXGIRL--OF WHAT DIFFERENCE IS THERE TO WHERE THE FUNDS COME FROM TO SET UP YOUR TRUST-----MONEY IS MONEY
39.)teddybear to OKIEOILMAN: hi is it still safe for layaways with db and doing wires
OKIEOILMAN: TEDDYBEAR--NO COMMENT
OKIEOILMAN: SOMEBODY STOP CHAINING THE BULLDOG TO THE FENCE POST
40.)soblessed to OKIEOILMAN: Okie, do you recommend the wire transfer go to an LLC, Business trust or personal account. Does it make a difference?
OKIEOILMAN: SOBLESSED--NO DIFFERENCE
OKIEOILMAN: WHETHER YOU CHOOSE TO PUT YOUR FUNDS IN A L L C OR A TRUST OR IN YOUR PERSONAL NAME------THE TAX LIABILITY REMAINS THE SAME
41.)mskish: heard on phoenix big meeting in Iraq tomorrow. Tue. regarding Budget,,, any insight on that ?? Thanks !
ANSWER: ALL IS DONE. WE WAIT FOR RATES TO DROP.
42.)doris: Okie or Bulldog75, I bought dinar personaLLY ...HAVE A BUSINESS TRUST... DO i NEED TO PLACE THEM IN TRUST BEFORE CASHING OUT?
Bulldog75 to Miskebam: DORIS: ANSWER: AS MUCH AS YOU NEED TO TRUST OK; PERSONAL OK TO LIVE ON COMFORTABLLY
OKIEOILMAN: DORIS--TAX IMPLICATION IS THE SAME--PERSONAL CHOICE--NO ADVANTAGE EITHER WAY
43.)stevekman: can some one please advise me as to the bestr option,.i have a nevada llc,do i need to change it to a navada buisness trust.fo my protection
OKIEOILMAN: LLC HAS A PRE-DESIGNATED VALUE THAT CAN BE ASSESED-----LAWYERS RUN AWAY FROM A TRUST IN A LAW SUIT IF YOUR HOLDINGS ARE IN A TRUST
OKIEOILMAN: STEVELKMAN--YOU CAN'T CHANGE AN L L C TO A TRUST--THEIR 2 SEPERATE ENTITIES
Bulldog75: STEVEKMAN: ANSWER: DEPENDS UPON WHAT ONE IS PROTECTING AND GOALS OF LLC VS. TRUST FOR FAMILY.
44.) Midnightplus: Is there a reason one should cash in small amounts of a few million dinar at a time, in stead of a large amount?
OKIEOILMAN: MIDNIGHTPLUS--ONCE AGAIN--PERSONAL CHOICE
Bulldog75: MIDNIGHTPLUS: ANSWER: CASH IN SMALL AMOUNT UP FRONT OK TO GET UP AND RUNNING
Bulldog75: BE THE SECOND MOUSE WHEN POSSIBLE.
OKIEOILMAN: ITS NEARLY MIDNIGHT HERE----TIME TO PUT A PLUG IN THE JUG AND GET OUT OF HERE