Post by Carden on October 5, 2014 - Post Brought From Stage3alpha
Currency Exchange in the USA By Unknown Author….
It’s time to do our Currency Exchange!
This information is not meant to advise. Please consult your own team of banking, tax and financial advisers whenever you have a question. This info is compiled from Intel and rumors from across Dinarland.
There are “no rules” for this worldwide event and all is subject to change in any instant. It may be helpful to prepare your own written step-by-‐step checklist to follow once things start rolling so that the experience may be organized, relaxed and fun.
This is an amazing event that we are super blessed to be a part of... Ready!
The RV/GCR Rates Go Live!
We may receive notification in many ways, for example:
TNT will tweet the 800#
EXOGEN will post Santa in his full red suit on s3alpha
Dinar Recaps will email their membership
A friend or family member may inform us
Our personal Banker / Wealth Manager may contact us, if pre‐arranged
The new rates may or may not be immediately listed on FOREX, CBI, etc.
To make our exchange appointment:
Call the 800# immediately
Contact your wealth manager / banker as pre-arranged
It is recommended to contact others we may be informing after your own appointment is made but before your exchange occurs because once and IF we sign an NDA (NON DISCLOSURE AGREEMENT) we will have to go silent
Calling the 800#:
This call will last no longer than 2 minutes
Have ready: Your name, phone number; amount of currency you wish to exchange; zip code where you intend to exchange; email address (this may not be required, but if it is, you may wish to give a temporary email for privacy’ sake)
There will be little or no time to ask questions
The call center will likely not have answers to any questions except appointment scheduling info
Write your appointment time and location down right away
Make a different call for each person/entity you will be exchanging on behalf of (i.e., personal or corporate trust, LLC, spouse, etc.)
Before the Exchange Appointment:
Prepare needed exchange items
Gather 2 forms of official picture ID (driver’s license, passport, state ID, military ID, etc.)
Make 2 color copies of each ID
Do a final count of currency and prepare to transport it safely
Contact your currency dealer and make arrangements to collect your reserves, if applicable
Prepare currency purchase receipts and POO (proof of ownership/receipts, gift letters, etc. – if instructed to on the phone. Keep in a handy place for further reference if not required. This is more for tax purposes down the road.
Ensure that you have any of your gifting letters organized and distributed to recipients
Ensure knowledge of personal information (address, email, SSN, etc.)
Gather current bank account information, if relevant
Prepare a list of cashier’s checks to be printed for immediate disbursement, if desired (keep it as simple as possible for 1st appointment)
Bring practical personal items: pens, calculator, notebook, checklist, etc.
Contact any friends and family you wish to inform
If you take the Contract Rate or sign any NDA, you may not speak of your exchange in any way – (even nonchalantly!) with others after it occurs. You will have to practice a response to have at the ready and do not deviate. The cost is too great.
Be aware not to overload or confuse those who have not been following this event
Contact members of your banking and wealth management team
If you decide to have your lawyer and/or accountant in the exchange with you be aware that this may slow your appointment, causing it to be rescheduled or bumped to the back of the exchange line
Set up immediate appointments with your advisory team for after the exchange
If you do not yet have financial advisors, begin to formulate a post RV plan to secure some
Arrange any travel plans
If you or a loved one is traveling to exchange, make all arrangements
Be sure all travel plans are secure and refrain from public transportation with revalued currency
Take a moment to center and reflect
Gather loved ones
Walk in nature
Inwardly go over the coming currency exchange with a feeling of peaceful assurance
The Exchange Appointment
Arrive prepared and on time
Know the location and factor in traffic
Eliminate unnecessary stress by making careful plans and writing them down
Ensure any advisors are well informed of time and location for appointment
Bring all exchange items listed in Step
Understand appointment parameters and logistics
The 800# appointments are for Dinarland Group, those following this event closely. Folks not following this event closely will easily be able to exchange without an appointment and most likely will not have contract rate opportunity.
Every appointment is to take no longer than 20 minutes
Bank staff is trained to adhere to this time schedule and requesting a longer exchange appointment may cause you to be bumped to the back of the line, unless you already have arrangements with a personal banker
10. Calling a bank directly, and without an existing relationship with a personal banker or wealth manager will likely result in being directed to the 800# Call Center to schedule an appointment
11. You may request a longer 1st appointment but it may affect your slot
12. It is possible to exchange through your established private banker
13. The initial exchange appointment is intended for currency exchange only. Other banking may be done at second and subsequent appointments
14. Currently only your spouse or financial advisor is allowed to join you in the first exchange discussion
15. Appointment Goals:
Exchange all intended currencies
Understand and sign NDA and Bank Contract, if applicable/chosen
Understand exchange rates and tax rates for the exchange tier you have chosen
Ensure fees are appropriate for exchange; a 2% fee is the only mandatory fee that we now know of – subject to change
Open 2 each, new Non Interest Bearing accounts (if applicable) 1 for Dinar and one for all other currencies and make sure there is an existing ZERO balance ($0.00) to deposit legal gold-backed tender
Ensure that the new accounts are NON testing, Non training and NOT available online (off internet – “BEHIND THE FIREWALL”)
Get copies of all signed paperwork: new accounts, NDA, Bank agreement, deposit slips, etc.
Get cashier’s checks
Arrange your follow up appointment with a Wealth Manager
*** Remain aware yet flexible. The exact and final Exchange rules are not yet known.
The Exchange Appointment - Exchange Tips:
Have an idea of the current exchange rate that you will likely choose, if there is a choice, including:
International Rate – the “street rate” available anywhere in the world, and may be different that “market rate” in USA and depending on the currency in question
Market Rate - this will be the public rate and may have tax advantages
Contract Rate - a possible higher rate for the IQN (Dinar) and the VNN (Dong
Higher taxes and fees may be incorporated in the Contract Rate
You may have to ask if the Contract Rate is available and it may require an NDA & Bank Agreement
Ask to see any and all rates on the bank screens
To choose a rate, factor the net of each rate, consider restrictions & choose the one that’s for you
If you sign an NDA, NEVER talk about your exchange to anyone EVER
In the unlikely event annuities or structured payouts are offered, refrain from accepting during this appointment
Refer to the transaction as a “currency exchange” rather than as an “investment” or “cash in”
Refer to the currencies ONLY as follows (disregard other monikers):
Iraqi Dinar IQN
Vietnamese Dong VNN
Zimbabwe Dollar ZWN / ZQL (?)
Read ALL contracts such as the NDA and the Bank Agreement starting from the back and going to the front for easier clarity
Sign under FINCEN 104 Part 2 Line 33 Currency Exchange , this defines the exchange as NOT an investment
10. Ask questions when you don’t understand something
11. Obtain business cards from everyone at your exchange and put them in a safe place for future reference
12. If you do not feel comfortable remember that you may leave and exchange at a later time
13. It is believed that all of Dinarland will complete their exchange within 72 hours of rates going live.
14. The market rates for the public will also be very good
15. When opening account(s) for exchange, open NIB accounts that are not electronically accessible
16. We may receive further detailed instructions on exchange procedures and we may not
Questions TO ASK during exchange include:
If I sign this NDA, how may I speak about my exchange?
Other people know I have currency, how do I handle that once I have signed this NDA?
May I please see the official exchange rates on your screen?
Does signing this Bank Contract make me a partner in the bank and liable for its debts?
May I order any Cashiers Checks at this appointment?
When is my next appointment and may I bring my (accountant/lawyer/wealth manager)?
(Note: It is possible that the exchange staff may not have the answers to the previous question.)
After the Exchange Bank Appointment - Immediately following your currency exchange, make a follow up bank appointment:
Put 55% of the gross amount received from the exchange in an account for taxes
Keep Dinar in an account separate from other currencies for tracking and tax purposes
Open brand new accounts from the ones opened at the exchange and sweep all funds into the new accounts then close the original accounts. This creates a greater wall of privacy for your accounts.
Designate one new account the “Mother Load” account that is only accessible by you and your private banker (Note: you must only “sweep” once to internalize your new accounts)
Designate one new account the “Working Account” electronically available & for everyday life
Take proper security precautions at all times (change passwords, use bank only computer, etc.)
After due diligence for online security companies I went with: Privacy Abroad
Realize that you can negotiate almost all bank fees and services
Understand what kinds of accounts you choose and why
10.Do not give control of your accounts or money to anyone including your banker
11.Move money to other banks or credit unions and the best choices for banking are 4 and 5 star, Tier 2, with no derivatives
12.Ask for all accounts to be NON testing, Non training and NOT available online (off internet and BEHIND THE FIREWALL)
13.For a period of time, wiring more than $500k may cause your accounts to be frozen. Start out slow and move money with wisdom.
14.Hire a team of professionals; wealth manager, lawyer, CPA, etc.
15.Have consultants other than just the wealth mangers at your bank
Make a plan
Use financial tools (Trusts, Foundations, etc.) with professional guidance and to your advantage
Structure your financial plan around your goals and values
Know what percentages you want to: save, invest, give and live on and pay for taxes
Tax information/requirement is as of yet unclear so set aside 55% of the gross amount exchanged for taxes
Give, Heal, Celebrate
This Global Currency Reset is the beginning of total healing of every area of life on our planet.
Celebrate as we join together to welcome the New Golden Age!
Capital Gains Tax Calculator: http://www.moneychimp.com/features/capgain.htm
Bank Ratings: http://www.bauerfinancial.com/home.html
Bank Derivatives: http://www.ibanknet.com/scripts/callreports/filist.aspx?