Posted Thursday, 09:15 PM
[BWM]hope everyone has had a productive day...
[xyz] BWM what's boiling in rv pot today? ty
[BWM] xyz still a lot of expectations... very little realization
[artle01] BWM I listened to two hour long shows on radio about finance and world financial condition. Why is the revalue of currencies never mentioned especially the importance of the dinar? These were really sharp finance folks too! Do they really not know or is there another agenda they may have?
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[BWM] artle01 first of all... most finance experts that discussed this would be mocked as "experts" since they would be relying on "interpretation" rather than their usual charts and past performances. Secondly, think about it, most of the really good "stock advice" they never really pass it along...
[cib] hi squirrel friends, DR's had a good read re: tariffs and Iraq debt. Has anyone read it ( from winalot) BWM what do you think about that, have you heard anything re: that info??
[BWM] cib the whole 10 day "theory" as she discussed, is not in play with the dinar... remember, with Kuwait, they had little water, power, electricity, etc. Technology was well behind the level of transmission we enjoy today...
[dinarrocks] BWM What is your take on the need to have "non-interest bearing accounts... IS that really necessary IYO?
[BWM]dinarrocks the non interest bearing is specifically important to avoid tax implications upon immediate deposit AND to allow the opportunity to resolve the deposits into your accounts without concern...
[dinarrocks]BWM But we can set those up at the time we do our exchange, correct?...does not have to be in advance?
[BWM]dinarrocks absolutely... you don't HAVE to have anything done pre RV...
[dinarrocks] BWM Thanks!
[BWM]dinarrocks that's the purpose of the non interest bearing... you won't accumulate any tax issues while you decide what and where the money will go to
[BWM]dinarrocks I'm planning on 15% just because I've held longer than a year regardless... plus my state taxes
[dealdoctor]BWM I do understand capital gains tax being 15% and 35% but I read that there has never been any taxes on currency exchanges or on Revaluations. Do we know for sure that we will be required pay capital gains tax?
[BWM] dealdoctor I know the laws regarding the revaluations and am hopeful for 0%... I'm just planning for the worst...
[dealdoctor]BWM thats where I am too on the tax situation right where you are. Do you feel we are any minute now for the RV or do you think there are yet things to be done in Iraq?
[.gizmo] BWM can thay back date taxes to 1jan of the tax your paying taxes on?
[BWM].gizmo sticky point there... you would have grounds for a case based on your past history... not sure the government wants to get into a "when you got it" argument with all the dinar world
[dinarrocks] dealdoctor I'm like you... can't imagine why they would tax this revaluation, when they haven't done it in the past...however, there has never been a revaluation like this before.
[BWM]dealdoctor I still believe what is going on in Iraq is a "theatre" of sorts... just waiting for the world to tell it to "wrap it up" and close the curtain after they announce their final to-do list
[dealdoctor]BWM thank you we do so appreciate all the hard work you do for our community. I know you will be so dang happy when this ride is over. I pray it is very soon! I am ready to graduate from RV High!
[BWM]dealdoctor I'm ready to be done...
[drizz]BWM ~ Do you know what happened at the meeting today in Iraq? The one with UNSC and the GOI?
[BWM]drizz should see some news coming "public" soon
[BWM] alright guys... I'm gonna run out for a bit... be back before close