[RAJAF] Two FINCEN forms have been provided by the IRS. One specifically identifies these transactions as "currency exchange" transactions. The other refers to them as "currency investments." DO NOT UNDER ANY CIRCUMSTANCES sign any document which treats your exchange as a "currency investment" or you will wind up paying as much as 39.5% in taxes! The proper and ONLY form is Form 104. it already states "Currency "Exchange" in Part II number 33. "Currency "Exchange" (tax unknown, possibly 11%) "Currency Investments" will being taxed as Capital Gains
[RAJAF] just to be on the safe side put away 43.4% plus whatever your state tax will be. For us it's 11% so that makes it 54.4%
[Yme] RAJAF u dont have to pay the spread fee if you negotiate properly
[RAJAF] Yme exactly.. and how many people are going to know this?
[RAJAF] The majority have NO clue
Read More Link on Right
[BassetzRus] Tony's advice was 50-25-25 - 50% put back for taxes, 25% to buy what you want, and 25% to work for you.
[Lariat] TTFN....I would love to pay lots of taxes.... that means I have lots of money from the RV.....I can not wait to pay taxes...that means the RV has happened!
[cj101] Bank Spread is the "difference between the interest rate in which a bank charges a borrower and the interest rate the bank pays a depositor"
[john316] cj101 thanx great explaination. i guess it's just different terminology.... rate vs. bank spread. i understand the low and high..
[RAJAF] When it comes to something like exchanging currency from another Country into US Dollars, the Public is charged the Service Fee of around $15 as well as the Spread Fee on each unit of the currency exchanged.
[RAJAF] The example is for the KWD: At smaller or State Only Banks, these Spread Fees are even greater; for example, when the First Convenience Banks in Texas were buying and selling the KWD currency the spread fee they were charging was about $0.60 US-Cents to both Buy and Sell the KWD through them, and the spread fee they were charging was about $0.06 US-Cents to both Buy and Sell the CAD through them.
[RAJAF] If you have 100,000 IQD, to exchange that many IQD with a spread fee of $0.48748 US-Cents per 1-IQD you would be paying $48,748.00 to Wells Fargo to change your IQD into USD
[RAJAF] - That’s $487,480.00 in Spread Fees per 1-Million IQD! 100,000 X $3.60 = $360,000.00 (Nice Profit for You!) 100,000 X $0.48748 = $48,748.00 (Nasty Bank Fees!) You receive $311,252.00 after paying the Bank’s Spread Fees... - This is also the number you will be taxed on.
[RAJAF] You receive $311,252.00 after paying the Bank’s Spread Fees... next deduct 50% for taxes
[LadyL] One thing I am slightly confused over is this... someone posted that the ceiling rate for IQN is 35 and the VNN is 6.... so are you telling me I have the possibility of walking in the bank and asking for 30 on IQN and 5 on VNN and they may actually give it to me??? WWWWOOOOOWWWW
[cas] Show me the money !! Lol
[okrocks] mnt goat snippet: Today is Thursday 9/26, it is late September and we are now just entering this timeframe when the RV could in fact occur. There is no real back date on this timeframe and I do expect we will not leave this new window (late Sept to early Oct) unless we see the activation of the rates at the bank. I am not calling the RV today or tonight but the process is in motion and we should see it very shortly and I mean very shortly. I hope you all understand now. Hope this helps everyone. Peace and Luv to ya, mnt goat
[sdbUSMC] AuntBee Kuwait came out at 3:16 ECT on a Wendsday
[hanny] if its true that Kuwait RVd at 3:16EST then i would presume that does coincide w Hawaiis banking hours, it would be 3 in east, noon for pacific/mtn time and 9am for hawaii.... makes sense
[golferiam] I think Tony believes what he has been told, otherwise, he wouldn't have told us. If the info is wrong then so be it and we move on util we get the next piece of information. If Tony says the rates were "so and so" and they were on the teller screens, I believe him until proven otherwise. Why in the world would the TELLER screens be showing an inverse? It would show exactly what the bank wants to teller to tell the customer without having to do anything other than read the screen.
[generals64] Please forgive me for the RED ink and Underlining......On TNT.....there is a person stating they have called their 130 members of a group to meet at the bank prior to the bank opening so they can all cash in together.....
They call that a demonstration folks....you can be put in Jail for Trespassing....Please don't get involved in something that Stupid.......PLEASE.......
the bank (any of them) has the option to NOT Cash you out or give you the time of day. They also have the option to pay whatever they feel....
This is just like a purchase at the grocery store to them. If they want to give you .40 cents then that's it....Please don't screw yourself up......This will happen when it happens.......Good gosh that is so stupid and especially to announce it to the world........
[ONEDOWN] 30MDinar this was just posted at TNT and it may be the same group that PHut was talking about: 9:16 AM [wycoffjul] Had a friend of mine tell me yesterday that there was was a large group from a church, the Pastor was pretty well known, were flying to Texas yesterday to a WF Bank to get $3.45 for their dinar. Said they weren't just getting a bank voucher they would have the money in their bank by Friday. He even saw their paper work with all their information on it. He didn't find out about it soon enough or he said he would have tried a million or two. His friend is supposed to keep him updated, we'll see . I'll let you know if it happens.
[klee123] i see that we are all loaded with anticipation this morning; gonna be a long day on the puter
[sonnayhwh] gm my castle friends . . . a quick drive-by before I'm off to other things. . . please hold the rates in Tony's blast lightly . . . revealing future exchange rates before official release would be illegal, so it makes me think these are not actual . . . but the rest sounds great! . . . grin
[just4me] Gdsgrl21 Not sure what teller screens they are looking at, but spoke to the president of one of the banks and that rate does not show. nuff said
[Jamison] just4me Not all the banks show it, most of the time it is the locations that deal with currency others dont show it
[just4me] Jamison are you kidding me? dont you think the president of the bank would know people in high positions at other branches?
[Jamison] just4me Oh they do, they call each other, the reason I know this, I know one banker that was doing it and no longer is a banker
[Jamison] just4me Think about this, do you maybe think these things are happening on purpose so they can track who is leaking info out,
[just4me] Jamison exactly. So this rate thing showing is a lie from the pit of hell. jmo
[Jamison] just4me No there are areas that placeholder rates are showing,
[just4me] Jamison have you personally seen it?
[Jamison] just4me This is a huge financial transaction, and they are doing everything they can to mask the plans of timing and information that should not be leaked
[Jamison] just4me No I am not a banker but trusting people I know, and like I said I know one banker personally who got busted
[Jamison] just4me Heck my banker in my town did not even know that the dinar was on his screens till i told him and he looked at it a it was there with a zero rate
[Jamison] just4me And I personaly showed me the screen, they had never had the retail screen up for dinar, he was shocked
[nutzo] its quite clear that the banks know less than we do! so we just wait for the official reval, everything else is speculation.
[Jamison] Stay away from the banks, dont call the banks, just wait till the timeline is completed and a email or information is out that the CE has begun
[bigdogmom] For much of my time as President, some of our most urgent challenges have revolved around an increasingly integrated global economy, and our efforts to recover from the worst economic crisis of our lifetime. Now, five years after the global economy collapsed, thanks to coordinated efforts by the countries here today, jobs are being created, global financial systems have stabilized, and people are being lifted out of poverty. But this progress is fragile and unequal, and we still have work to do together to assure that our citizens can access the opportunity they need to thrive in the 21st century.
[bigdogmom] This is just a snippet from O's speech at the UN
[teddybear] bigdogmom woohoo1 woohoo1
[bigdogmom] teddybear good huh could be a good possibility he's talkin RV? maybe? woohoo1
[teddybear] bigdogmom yep woohoo1 woohoo1
[bigdogmom] nano36 Pointing in the right direction and most people have no clue right?
[nano36] bigdogmom that is correct - most do not know about and many are standing firm that it is a The Evil word that should never be mentioned again
[majicsmoke] do all the banks still have to be open before this COULD happen?
[bigdogmom] majicsmoke From what we hear, and we have been told it could happen at any moment, so IMO it may not matter when they are open or closed
[oilerfan] bigdogmom my thoughts exactly
jdtolle » September 26th, 2013, . What you can do with now
Even when the day gets off to a bad start you can still give it a good ending. Just because you have been unproductive doesn’t mean you have to stay that way.
Look back at the opportunities you’ve missed just long enough to give yourself a little inspiration. Then look ahead to the opportunities that you now can fulfill.
What’s important now is what you can do with now. This is the first moment of a more effective, more productive, more purposeful you.
The delays, setbacks and disappointments are over. It is now time to leave the excuses behind as you move persistently ahead.
Sit still for a moment and absorb the amazing energy of opportunity that is now yours. Then stand up and get busy making meaningful use of all that opportunity.
What you can do with now is whatever you choose. Choose the best, and find real joy in lifting your whole world higher.
— Ralph Marston May All Have a Safe and Blessed Day