whitelions] People you are all going to have so much money depending on how much you own. Please Please if you do nothing else. call a tax acct. Please do not risk YOUR MONEY on what someone told you on a chat room myself included
jfreeman] chillimac From the Lurking World; My CPA who is invested in IQD says plan for 35% but nobody will know for sure until the restructure has happen. Then he feels there will be a influx of tax info to wade through. Just his thoughts per our conversation. Back to watching.
[SpecialAgentGibbs] I wonder what would happen if China came knocking on the door with a bill for $17T ????
[SpecialAgentGibbs] If you can't pay your mortgage, what happens?
[Dinarfaithful] SpecialAgentGibbs WW111
[okiesonshine] O would have to give up his Dinar...lol
[Frenchy] SpecialAgentGibbs The Gov could Pay it By Cashing in thier Dinars
ShieldedHeart] SpecialAgentGibbs Rosetta would sell out of Chinese language lessons
Read More Link on Right
[SpecialAgentGibbs] Frenchy the problem lies in that IF the re-alignment occurs as said, the USD will not be worth what it is right now
[ [MarkZ] SpecialAgentGibbs They did knock on the door, we let them hold 5 trillion dinar of our 7.5 trillion dinar as collateral. That is why they are pushing this reset so dang hard.
[SpecialAgentGibbs] ShieldedHeart you're catching on
[MarkZ] They want paid. Which is good for us.
[SpecialAgentGibbs] JMHO, there will be changes within this realignment that will shock everyone
[SpecialAgentGibbs] Myself, I would not touch any paper currency for the time being, JMHO
ISPLACEDBUCKEYE] SpecialAgentGibbs i just looked it was 98 counterys that were not for this rv to happen
[dillon229] MISPLACEDBUCKEYE I believe there are/were indeed that many.. The US just has the most to lose
[SpecialAgentGibbs] dillon229 bingo!
[elvisgirl] DreamWeaver SpecialAgentGibbs I'm itching like a man.. on a RV tree.. who do you thank when you have such luck... I'm All shook up!!! By the RV!!!
[SpecialAgentGibbs] FEDRES notes out, UST notes in
[Ribeye] SpecialAgentGibbs people are going to have to learn the 'how's, why' and what's' about investing in the future. no more 'free rides' of just giving money to brokers and get rich on some stock.
[Frenchy] MISPLACEDBUCKEYE Remember all the Countries that Were SUPPOSE to RV...98 decided not too..
[DreamWeaver] dillon229 I love my country, but i have a bad feeling right now.
[SpecialAgentGibbs] elvisgirl thank God above
[dillon229] SpecialAgentGibbs What are we backing it with? If not the gold being held by our citizens..
[SpecialAgentGibbs] dillon229 as Okie said, hard assets and commodities
[SpecialAgentGibbs] Gold is only a small part of it
[dinofan] Do the 98 just get to sit out? I doubt it...would upset the balance, no?
[SCgunner] dinofan sitting out would mean their current currency would not be allowed to be used to make international trades for goods and services
[DSHARK] buying land is good right
[SpecialAgentGibbs] JMHO, it was all worked out in Chicago
pecialAgentGibbs] If the USD devalues, we as dinar holders will be the blessed ones when the dust settles
pecialAgentGibbs] Start looking at the big picture
[SpecialAgentGibbs] Frank Dodd act to protect accounts to any amount
[SpecialAgentGibbs] Being advised to put your money into PROTECTIVE trusts
[soready] SpecialAgentGibbs if money not in trust to start use frank dodd until trust is set up??
[SpecialAgentGibbs] soready you do not want to put all your money into your NIB account(non interest bearing)
[SpecialAgentGibbs] If you cashin all of your dinar into your NIB account, you automatically create a taxable event
[SpecialAgentGibbs] By doing so, you virtually wipe out any tax advantages of the trust
[faithwalker] SpecialAgentGibbs Do we have certainty that we will have time to cash in a little, set up trust and then cash in the rest?
SpecialAgentGibbs] faithwalker No, we do not
[soready] so cash in enough to set up trusts then cash the rest?
[sooner84] SpecialAgentGibbs Then where would you suggest putting the amount put in the NIB account to avoid taxes?
[SpecialAgentGibbs] sooner84 you are NOT avoiding taxes! You are deferring them!
[DreamWeaver] SpecialAgentGibbs going to cash in just enough to creat a trust and then do the major cashin. Better-halfs plans
[faithwalker] SpecialAgentGibbs Do you think we will be told the time frame when it RVs so we can make that decision?
[dillon229] SpecialAgentGibbs Using VND to set up trusts.. Then cashin DInar and rigt into trusts, metals and foreig currencies.
[SpecialAgentGibbs] DreamWeaver as is mine too
[soready] faithwalker hope so too that is my only plan...
[freeiraq] why are you all talking about trust when there is other places to put your money ,,play safe and put your money in different places ,,please
[SpecialAgentGibbs] If you have things lined up in advance, you should be able to get your trusts set up in a fairly short time frame
[dillon229] SpecialAgentGibbs What is your estimated time before the US craters.. Thats a strong term, but...
[SpecialAgentGibbs] dillon229 no idea
MarkZ] dillon229 I don't think it will crater as a country, I do think the stock market will adjust heavily though.
[dillon229] MarkZ Thats what I meant.. Not the country itself..
[obxlady1] SpecialAgentGibbs for those of us who cannot afford to set up trusts pre-rv and already have NIBA can you tell me please what % of our money we might lose by creating a taxable event?
[mairzie] obxlady1 You should only cash enough for immediate needs. Then, after trust set up, cash the rest. Limits your tax liability.
[SpecialAgentGibbs] obxlady1 whatever you cashin to your NIB, I would be prepared for the maximum tax % on it to be safe.
[Ribeye] SpecialAgentGibbs i intend to cash in, pay taxes and tithes, have no debt and invest the rest in conservative places and live off the interest. sleep good and peaceful.
[SpecialAgentGibbs] It's really simple folks. If you cannot afford to have your trusts done in advance, tale every step possible to have all your trust paperwork as far done as possible. The cashin one or two notes to your NIB account and use that money to fund the completion of the trusts. After the trusts are finalized, cashin the remainder of your dinar DIRECTLY into the trusts
[SpecialAgentGibbs] sooner84 it can't hurt to have ALL documentation ready to avoid ANY possible delays
SpecialAgentGibbs] I HIGHLY suggest you all that have not yet done so, start doing some research ontrust types and their respective advantages
[generals64] been gone for a while.....trying to catch up on the reading and the research of the Revaluation. Saw one of the Gurus had posted that Iraq had bought De La Rue machines so they could start printing more money.....Sheesh...the machines they bought (check dinartrade.org archives) were simply the machines used in their daily banking process...
[generals64] By the way...We do have pictures of the 1 and 25 dinar notes....I am trying to get a copy sent to the mods..so, they can send them to you guys...
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)