ADMINBILL : WAITING FOR FURTHER NEWS AND CONFIRMATIONS LATER TODAY.
RatFink : My major source has been told to go black - hummmmmmmm
ADMINBILL : MINE HAS SAID TO KEEP WSOMN INFORMED. I LIKE OURS BETTER.
Acdc : Guys the markets r dead in the water banks desperate for your money. Hang tight. It's all good
ADMINBILL : LISTEN TO ACDC
Splash: Right ACdc. We are financially melting from the inside out. No doubt.
RatFink: Splash - I think it's a good sign, if Reno is saying quiet. Who knows, but I'm taking it as positive.
PJ: I was "told" if you're not in one you are out of luck, there will never be a public exchange. Then I guess only groups can travel to Iraq?
StillOK Rocks: Thought to ponder... when Iraq is international all can exchange, ...its done all the time, especially at airports....they are not going to be thrown back into a 3rd world country, think about it
Jessie91: yada what is going on, looks like problems…is there a problem with the rv?
Yada: this process of money moving is what we are seeing and awaiting,,,with the volume of money making its way around the world would be compared to anyone drawing a check from their employer,,,that is why most employers of large companies take 2 weeks,,they fund the accounts then we draw down on those funds,,,
Yada: as I visit other sites,,(yes I admit it, I read other sites to see the consensus) consensus is turning for a now release, this week,,,
Ecubucs: Reports coming in from several sources still saying we are in a very good position...
OffGrid: ecubucs --- i'd call it an "excellent" position…. or a "hold onto your hats" position…. or a "thank goodness i have my depends on" position
Xyz: 6 ministers resign http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2 Fwww.alsumaria.tv%2Fnews%2F174427%2F_&sandbox=1
Atlast-51: looks like they were pretty important positions too. The ministers are: Minister of Oil, Minister of Transport, Minister of Construction and Housing, Minister of Water Resources, and Minister of Industry, as well as the interior minister."
Samson: Zimbabwe’s tipping point – Here’s why it can turn around quickly
July 18, 2016
‘CHANGE seldom occurs until the pain of staying the same exceeds the pain of change.’ There is a point where this statement proves to be true especially when a nation drops from being the ‘breadbasket to the begging bowl of Africa’ within a single generation.
It’s that point when enough people no longer have anything to lose and hence push forward into a space they have never been before despite the risk. It’s the space where it takes only 3% to 15% of the population moving in the same direction in new levels of unity that results in a tipping point that accelerates the transformational wave to a point of no return.
For the sake of clarity, it’s worthwhile to define the word transformation – ‘It is a process of profound and radical change that orients an individual, organisation, community, city or nation in a new direction and takes them/it to an entirely different level of effectiveness.’
Now that Zimbabwe seems to be drawing closer towards this transformational tipping point, it is a good time to look at some of the elements why this has the potential of being a model case for African national recovery and restoration.
The power of a common ‘unowned’ vision
The momentum for transformation is being stoked by a population drawn into unity around a common vision that is not ‘owned’ by anyone. It’s not owned by a political party, or a particular religion or church denomination or racial group.
It is owned collectively in the hearts of the people, driven by patriotic passion and based on a common desire to see good for every Zimbabwean. Amazingly this momentum was not ignited by a high profile positional leader, but by a humble unknown Christian evangelical Pastor Evan Mawarire who started the #ThisFlag campaign.
Common stripping of prejudice and pride results in joint humility
The time of extreme difficulty has stripped Zimbabweans of all races (especially those locally based) of any racial supremacy and pride towards each other. Both black and white have lost almost everything and it is from this place of collective humility that the rebuilding process will take place. Collective humility is the foundation that builds the trust required to knit together a diverse nation into united action towards a common vision.
A critical ingredient in the future success of Zimbabwe lies in the fact that most prejudice, privilege and arrogance based factors have been eliminated in the mind-sets of the majority of the population and so they are ready to work together to rebuild.
Tough times breed innovation and creativity
Tough times often force people into developing a mind-set of innovation and creativity and that is one of the positive by-products of the ‘dark days’ endured by Zimbabweans.
The combination of having to leave home to scrounge for a living in other nations and losing their local livelihood has led to the elimination of the dependency and victim mentality. The experience of surviving an environment of hyperinflation, lack of access to cash and +80% unemployment levels has resulted in almost every Zimbabwean becoming an entrepreneur of some kind.
The ability to trade in the most adverse conditions has become second nature to the average Zimbabwean. On top of that their work ethic is second to none. All of these factors born out of adversity auger well for the country’s potential of developing into a knowledge based economy that will lead Africa in technological and service based innovation.
Amazing quality of human and non-human assets
For any nation (or business for that matter) to grow it requires that as much of its human intellectual capital be applied to the task of multiplying available resources and converting them into wealth. Zimbabwe already has an abundance in human intellectual capital, resources (mineral reserves, agricultural land, tourism, etc.) and solid financial and services based systems. A massive constraint that has stopped progress is lack of financial capital.
Praise should be given where praise is due. One of the things that the current regime did very well was ensuring that a world class education system was maintained, built upon and expanded to every citizen after 1980. This resulted in Zimbabwe having the highest level of literacy and skills per capita in Africa.
The Zimbabwean case of human intellectual capital (knowledge and expertise) is undisputed as many blue chip companies, start-up and entrepreneurial ventures across all business segments in SA and in many other nations have Zimbabweans at the helm or in strategic leadership positions. Zimbabwe has been a massive exporter of human intellectual capital to Africa and the world – these ‘exports’ have both continental and global insights, expertise and networks to be leveraged in the rebuilding process.
A winning business case?
‘Any organisation (or country) can never move beyond the constraints of its leadership’. With the right leadership in place a strong business case can be put forward that will open up the doors of human and financial capital flow to kick start the recovery process. In fact, with the South Africa’s economic growth projections tending towards 0%, Zimbabwe might just end up being the investors new destination of choice.
Is what we are seeing the start of the greatest national turnaround in Africa?
Emailed to Recaps:
IRS GIFT GIVING RULES
As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift giving rules.
With this understanding, there are opportunities to leverage this tax law without creating a tax problem.
You may give up to $14,000 to any individual (donee) in 2016 and avoid any gift tax filing requirements. If married you and your spouse may transfer up to $28,000 per donee. If you provide a gift to your spouse who is not a U.S. citizen, the annual exclusion amount is $148,000. Gifts in excess of this annual amount trigger the need to file a gift tax form with your individual tax return.
The excess gift amounts are then added to your estate for potential estate taxation. The estate tax currently has a maximum rate of 40% and the donor of the gift (or their estate) is responsible for paying the associated tax.
Using the rule to your advantage
The unsaid gem within this tax law is this: You can transfer up to $14,000 ($28,000 if married) to anyone you wish each year tax-free. Additionally, most states also adhere to this federal law. So if you wish to move assets to loved ones without the burden of future taxation, consider the following ideas.
Make periodic gifts.
Remember the gift-giving limit is per calendar year. To take full advantage of this tax-free transfer, consider starting now and make periodic payments. Every year you miss out on this annual limit reduces the amount a couple can transfer tax-free to each individual donee by up to $28,000 per year.
Fund college saving.
Consider donating money into 529 College Saving plans for children and grandchildren. This can be done with automated deposits into the account. The account could be established by you or your grandchild's parent.
If you are concerned about exceeding the annual limit for gifts to a single person, consider paying bills directly. Examples of this strategy might be paying medical bills directly to a hospital or directly paying college bills for a loved one.
Leave a cushion.
Remember the annual limit. If you provide a gift for the maximum allowable to an individual, you may not provide any other gifts to this person during the year or the event would be deemed excess gift giving and require filing a gift tax form.
Gifts can include property as well as cash. You can donate investments or other physical property. If you do this, document the fair market value of the property when you transfer it. The IRS is requiring this documentation to ensure the value of the property transferred is consistently valued by you and the person receiving the gift.
Building a down payment.
Often children burdened with college debt cannot afford to save the down payment required to own their first home. You can aid in this by helping build a down payment through gift transfers.
Keep it in perspective
Understanding and leveraging the annual gift tax rules can create tremendous tax savings. But this strategy should be done in conjunction with understanding your personal financial needs. Providing gifts of funds that you might later need for your own retirement can be problematic. It is best to review your gift plans prior to taking action.