KCGWS » Thu Oct 24, 2013 3:12 pm • [Post 294] Yo Frankieeeeee,
I have a rather simple question... When the RV has come to a reality, you have given us our fireworks display and everyone has gotten down on their knees to thank the Lord..... how long would the time frame be before we all walk upon your golden beach?
I ask this because I wish to attend but do not think I am alone in the fact that it will take some time to set up all the necessary plans for proper stewardship.
Of course, I am not asking for a date just a 1 to 12 months type of answer. If you so feel that I am placing you in a bad place by asking then be all means just say so, please. No Matter what, I promise to not offend your answer..........this time. LOL With all respect and prayers, KC
Read More Link On Right
Frank26 » October 24th, 2013, 8:17 pm • [Post 54] KC ........ IMO the 1st 3 months will be crazy.
The next 3 months will actually be harder ......... You see........ The IQD once RV'ed will only climb in value NEVER going back down until ...... IMO ..... God returns. So to answer Your qt ........... Come walk about with me post 6+ months. KTFA Frank
BUT........ By then I will walk backwards with my heels first. I will be very difficult to find in person. You will know me better at our first re-union. IMO ......... Almost a year post RV.
dustibigelow wrote on October 24th, 2013, 7:17 pm: Ok....I have a bank story. This happened today.
A few of us dinarians were sitting around and decided to call a few banks. I told them I usually trip over my tongue when I talk on the phone. (No offending comments about that statement,,,KC!!)
Sooooo, my friend said...I'll do it! I told her ....this is what you say:
"I know that the Iraqi dinar is getting ready to revalue. Could you tell me if you will be able to exchange them for me?"
She call 3 Wells Fargos in the city about 30 minutes from here...population about 80,000.
"No, we will not. It is illegal." (Well, duh, it is now.) Same with the other 2.
She called a Wells Fargo in Portland, Oregon. "No, not at this time." A little more encouraging.
Now, we live in a small town of about 35,000 people. I told her to call our BOA here in town.
The conversation went like this:
I know the Iraqi dinar will be revaluing soon. Could you tell me if you will be able to exchange it for me?"
Answer: "Not right now, but that could change next week." (At this point, my friend's jaw dropped!!!!!)
So my friend said, "So not right now?" Answer:"No, but that could even change tomorrow."
She got off the phone. We just started laughing hysterically. Tomorrow, I do believe I will go down and open an account at BoA. It's been a fun day! Dustib
Toyvp » October 25th, 2013, 12:22 am • [Post 136] Dusti I read your bank story and those stupid tellers don't know anything below is the OFAC summation and I have highlighted the best part please copy and paste then print this off and take it with you to the bank so that the next time someone tells you that it is on OFAC and illegal you can plop it down in front of them and say "REALLY"? ILLEGAL? and on OFAC?
Updated on September 15, 2010
- 2 - An Overview of the Iraq Stabilization and Insurgency Sanctions Regulations
In response to Iraq’s invasion of Kuwait on August 2, 1990, the United States imposed comprehensive sanctions, including a trade embargo against Iraq and a freeze of the assets of the then-Iraqi government, which were implemented in the Iraqi Sanctions Regulations, 31 C.F.R. part 575. Over the years, a series of Executive orders adjusted the sanctions in response to events in Iraq.
On September 13, 2010, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published final rules removing the Iraqi Sanctions Regulations from 31 C.F.R. chapter V and adding the Iraq Stabilization and Insurgency Sanctions Regulations, 31 C.F.R. part 576 (“ISISR”), in implementation of Executive Order 13303 of May 22, 2003 (“E.O. 13303”), Executive Order 13315 of August 28, 2003 (“E.O. 13315”), Executive Order 13350 of July 29, 2004 (“E.O. 13350”), Executive Order 13364 of November 29, 2004 (“E.O. 13364”), and Executive Order 13438 of July 17, 2007 (“E.O. 13438”).
A summary of the provisions of these Executive orders can be found in the Preamble of the final rule promulgating the ISISR (75 Fed. Reg. 55464, September 13, 2010).
The ISISR contain all of the current OFAC restrictions involving Iraq and Iraqi property. This brochure summarizes these new regulations.
There currently are no broad-based sanctions in place against Iraq, but there are certain prohibitions and asset freezes against specific individuals and entities associated with the former Saddam Hussein regime, as well as parties determined to have committed, or to pose a significant risk of committing, an act of violence that has the purpose or effect of threatening the peace or stability of Iraq or the Government of Iraq or undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people.
The Secretary of the Treasury is authorized to name all such individuals and entities. These names are included in OFAC’s list of Specially Designated Nationals and Blocked Persons (“SDN List”).
In addition to these targeted sanctions, the ISISR impose some specific prohibitions designed to protect certain Iraqi property and contain certain provisions dealing with residual restrictions from the 1990 Iraqi sanctions.
II. BLOCKING OF PROPERTY
Persons designated by OFAC pursuant to the Executive Orders related to Iraq are named on OFAC’s SDN List. This list is accessible via OFAC’s Web site at http://www.treas.gov/offices/enforcement/ofac/sdn/index.shtm
l. With certain exceptions, U.S. persons are prohibited from transferring, paying, exporting, withdrawing, or otherwise dealing in the property and interests in property of an entity or individual listed on the SDN List. Entities which a designated party owns (defined as an ownership interest of 50% or more) are also blocked, regardless of whether that entity is separately named on OFAC’s SDN List.
III. UNBLOCKING OF CERTAIN BLOCKED PROPERTY
The ISISR authorize the unblocking of all remaining property blocked pursuant to Executive Orders 12722 and 12724, which was blocked in response to Iraq’s invasion of Kuwait in August, 1990. OFAC no longer asserts jurisdiction over this property under its sanctions involving Iraq, and, unless blocked pursuant to other authorities, it may now be transferred, paid, exported, withdrawn, or otherwise dealt in by U.S. persons without having to obtain an OFAC license.