Post From KTFA by FrostyTheSnowman » April 15th, 2015, 1:05 am •
TUESDAY NIGHT CC NOTES 14 April 2015 Part 2
* The comments made by Frank26, TopShelf and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! *
Let me talk to you about EXCHANGING your Iraqi Dinars and any FOREIGN CURRENCY
#1 – this is in MY OPINION.
#2 – You need to get professional help
Please WRITE THESE THINGS DOWN!
So … this is MY OPINION … please note … YOU NEED PROFESSIONAL ADVICE!
Q. Are you going to “CASH-OUT” your dinars?
Why would you cash them out and receive American currency?
Never, ever say you are going to “cash-out” your dinars.
Make sure you understand your TERMINOLOGY!
[The right word to use is EXCHANGE] … You are going to “EXCHANGE” your dinars!
#3 – So … let’s pretend that the rate came out right now … and it came out at one-to-one … and you had 1 Million dinars in your home.
You just can’t walk into a bank in the USA and EXCHANGE a Million Dinars for a Million US Dollars.
The bank does not have that type of currency or reserves.
They are not capable.
That’s why WF is so paranoid … they are not ready … and they will not be ready until the value goes up by the CBI.
You can’t walk into a bank and feel “comfortable” … “secure” and “safe” … you could go in with a “team” … but will you be attracting attention. It’s like sugar for bees.
GET PROFESSIONAL HELP … GET A LAWYER!
If you don’t know one … find one!
If you’re looking for a LAWYER, CPA, WEALTH MANAGER … you wouldn’t find one at a bar.
Wouldn’t a church be a “wiser” place to find a qualified Tax Accountant, Lawyer, CPA, etc.
Talk to the officials of your church. Who do they know that you can trust. Talk to your pastor.
Try a family member who has had experience with lawyers.
You will need this lawyer … because if you have 1 Million Dinars … (and if it came out at one-to-one that would be about a Million Dollars USD).
You’re going to need a lawyer to call a bank … and which bank will you go to by the way?
You know that Wells Fargo is going to be leading them all … that their private bank … Abbot-Downing [WF’s private bank] … is going to be taking a lot of your calls and appointments.
So the answer to that question … IN MY OPINION … of which bank to go to in the United States is the bank that offers you the best perks.
The bank that offers you the best perks.
Each state is different. Some banks might be able to offer you a better incentive than another bank will offer you.
You mean Frank that some bank might offer me a $1.25 and another bank will offer me $1.00?
No. The exchange rate is the exchange rate. They’re not going to mess with that. It will probably fluctuate … probably daily.
There are many perks. Maybe they’ll give you free checking. LOL!
Maybe they’ll give you insurance on your money in the bank. That would be good, wouldn’t it?
You’re going to want to “shop” [banks] because you’re going to become very, very valuable to many banks. And it doesn’t have to be a bank. It could be a broker, stock exchange … there are many places and individuals that can help you. Many of them.
Get yourself a Lawyer that will represent you and your dinars.
Have him/her scan the banking industry … scan all of the exchange houses, everywhere … clearing houses, credit unions, you name ‘em. Check them all out. Someone is going to have something that will attract your attention.
Have your lawyer call the bank.
Have one of their officials come to your home.
With your lawyer (at your home with you) … you can have your lawyer hand over your dinars to the banker … who will then give you a receipt, account numbers and perks.
Then you could ask your Lawyer to ask the banker if they offer any “Wealth Management Services” – that you may be entitled to.
Remember … the bank now loves you because you just deposited a lot of money into their bank … so they may offer you “packages” that they do not offer other “high clients” like you.
If you say … “I’m going to deposit my dinars into an American bank in a FOREIGN account.”
You could … but do you know what the tax laws are on those? No?
Do you understand why you need a lawyer?
That may not be something that you want to do.
Opening up a foreign account in an American bank kinda ticks off the people who run our country and collect our taxes.
Get yourself a lawyer … get them to get you the good bank … have the representatives of the bank come to you … have them do all of the paperwork there in a safe environment … with your legal representation … find out what wealth management packages that bank offers.
Now if you just want to deposit your dinars in a foreign account in the United States of America … oh please be aware of the laws!
You can also deposit them in the CBI banks in America … if you didn’t know that … well … TA DA!
I think there are about 15 outlets. The closest one to me is in Michigan.
In this area … Toledo and in Michigan … they are flooded with banks … flooded with Arab people!
Nobody wanted what was left of Detroit and Toledo.
So the CBI opens up one of its largest banks in Michigan.
Can you go into a CBI bank with your dinars and deposit them as foreign currency … in that bank … and keep it that way?
Once again … wait until you find out what the laws are.
Are the laws already out? No their not.
So how do you know there will be laws that may interfere with what I want to do with my currency in an American bank and leaving it as a foreign currency? Because we have teams … we’re studying this … to help you.
The CBI banks in the USA are not like the banks in Iraq.
Those are governed by the laws of their country.
These banks will gladly take the Iraqi Dinar back.
Another thing you could do is to charter a Leer Jet … and fly into a middle-eastern country with legal representation … and fly into a middle-eastern country and deposit them in a middle-eastern bank. There are many options.
So if you went into a middle-eastern country … and you opened up an account there … and you deposit your dinars there … and they stay as “dinars.” But if you deposit them into the United States of America … they turn them into American Dollars … and you’ve got to pay your taxes on your whole pile of dinars … right there and then.
I wanted to deposit dinars in the CBI banks in the United States … and keep it as dinars … but they’re not going to let me do that. LOL
Heck … people used to deposit in Swiss accounts and keep it there … but the US gov’t has stopped that.
So if you decide you want to open up an account overseas … in one of the middle-eastern banks … it’s nothing new.
Are you familiar with WARKA bank? LOL. Of course you are.
WARKA bank joined with CitiBank because WARKA became so powerful … because all these 10 years that we’ve been there [Iraq] … our soldiers used WARKA to deposit their paycheck in. That’s a lot of accounts and reserves … which many still have.
If people were using WARKA all of these past years … do you understand that you can use a middle-eastern bank and keep your money as dinars … and not have to pay taxes on … even though you’re earning interest on it … because if you’re earning interest in it … it’s in dinars.
So … the day will come though when you want to buy a house … and if you need 200, 300, 400k. So you get that lawyer of yours … or the wealth management people (who know the law) … to help you withdraw that dinar … convert it to USD … and quickly send that money to buy the house.
Do you have to pay quarterly taxes on it? Ask your wealth management advisor or lawyer, etc.
Do you have to pay taxes on the CAPTIAL GAINS TAX? Of course you do!
When? April 15th? Ask your professionals.
Follow the laws and basic policies and procedures when the Lord blesses you.
Now … one more thing we want to talk about.
I get a lot of phone calls … and posts … about a particular topic … and so I’m concerned about this.
Many of you say … “Well it doesn’t make any sense. They’re going to take the zeros away from the currency … what good is that going to do? The 50’s will still be 50’s … I don’t understand? The 50’s have 1 zero … you’re going to get rid of the 25k’s that have 3 zeros … that doesn’t make any sense to me.”
Yea … because you’re confusing APPLES with ORANGES.
Draw out a 25000 note and write 25,000. That’s 25,000 dinar … correct?
Many of you look at that currency and say … they are going to remove these zeros (3 zeros) … and all I’m going to be left with is $25.
No! That’s where a lot of mistakes are occurring. They’re [CBI] is not doing it from that.
At this phase … part 4 of the monetary reform plan … they’ve already collected the 3 zeros.
Why do you think they’re collecting the 50?
Because they’re now at the other end of the spectrum.
You see … when they were collecting the 3 zeros off of the streets [in Iraq] that’s one thing – and they’re done with that pretty much. And whatever 3 zeros are still left in Iraq … well … you can’t even tell that they’re 25k, 10k or 1k notes because the ink is so badly worn off of them … they look like ghost papers. LOL
That phase is gone – (the 3 zeros … collecting them … physically from your hand). <<< The dinars that have the 3 zeros.
That’s why we’re at the other end of the spectrum.
So … [the CBI] before they removed the 50 … they went all the way to the other end of the spectrum … and what did they go to? [CBI says] … 7 Coins in a few days … weeks … it’s coming! LOL!
The other thing that you have to understand … is right now it’s no longer the physical 3 zeros being lifted.
RIGHT NOW they are lifting the 3 zeros from the EXCHANGE RATE.
(You’re going to EXCHANGE your dinars, right?) …
So … what is the exchange rate? (Rounding off … it’s .00086)
HERE’S THE OTHER PART OF THE 3 ZEROS THAT GET PEOPLE CONFUSED …
.00086 <<< see that?
Take that decimal point and move it [to the right] over 3 places … which give you .86 … which is what starts to match up with what’s on the spreadsheet.
If you look at your notes … it started off around 85 cents.
If you remove these 3 zeros … what do you get?
Did you enjoy your cc tonight? Do you feel good?
Take everything you learned tonight to prayer.
CC ended with prayer.
FRANK: Hang on … TopShelf has something else before we end.
TOPSHELF: You know how things come in three’s?
3 days ... 3 zeros ... 3 decimal points ... here’s a little banking knowledge to share … take it for what it’s worth.
The way they refer to their notes (their high denomination notes) … there is a very good possibility that their “terminology” could have to do with the removing the 3 zero notes out of circulation.
Meaning … they are still of value … just like the US has … the higher denominations … they are still legal tender … but not in circulation any longer.
This is not a plan that they just “pulled out of the sky” … this has been well planned out. It is very much a RESERVE CURRENCY. To help to not only support a region … but a global currency system.
There is a different types of currency that they use.
It will be interesting to see … what they refer to as 3 zero notes … how they refer to it … that’s from a USD standpoint.
If they pertains to a western US banking system … then it would definitely play a role. But if it plays any other role, it wouldn’t be the same.
It can be multiple things that are to be done “in three” … that will come out with the same outcome … but will serve multiple purposes. It doesn’t mean that your notes are going to go bad … it just means they are out of circulation.
Once their turned in … with the CBI or any other sovereign nation … they will be removed from circulation … whether electronic or physical. If you stop and think about that .. it makes sense based on what the banking world does.
FRANK: You know … back in the day when our country was just coming out of the Cowboy days … at the turn of the century … after 1910, 1920’s … 1930’s … the USA had a lot of currency notes with 3 zeros. There was once a 1 Million Dollar Bill – which I saw one time in Las Vegas.
Remember because of the industrial revolution … we even gave up the copper in our pennies to help with the war effort. That material was used … not for currency … but for industrial production.
During the 50’s and 60’s the US gov’t said they were going to remove the 3 zeros … which they did.
When they say they are removing the 50’s from circulation in Iraq … they also planned to remove them and make them obsolete … [hence why they put an expiration (null and void) date on them].
There are no more 3 zeros in our USA currency anymore. Still legal tender, because we didn’t put a null and void date on them.
Many American’s still have 3 zero notes … which they pass along to their children.
Remember the Lady Liberty dime? That was made of pure silver.
We’d like to thank everyone … our Teams and admins … and Andy.
Blow that Shofar Andy! CC ended with prayer