[Capt Ron] I have come to believe, and remain in the camp of the idea that.....External banking/political forces DO have the final authority to initiate this global refinance/revaluation, but Iraq also DOES hold the key to one of the final sets of requirements from their CBI/GOI.
[Capt Ron] So that both camps are right/correct about this debate.
[Capt Ron] ...it also now seems to me that Iraq, holding the keys to those final required steps to start the global rv, has essentially been waiting for permission from those external forces/powers. I think those permissions are happening this very week.
[RVThereYet] amen to that
[Capt Ron] I'm trying to figure out WHY ELSE the Iraqis/Kuwaitis have been making all this noise these last weeks about chapter 7 release.
[Capt Ron] And the only reason THAT can be is because of their present pulling of the rv trigger.
[Capt Ron] So there's my speech.
[RVThereYet] Capt Ron good speech, i hope you are correct
Read More Link on Right
[MsDiva] 12/12/12/12/12 12 noon 12 mins 12 secs
[bcrt] MsDiva and a $12 rate - oops, day-dreaming
[BOBGETZ6] B-Ki-Moon didn't go to Iraq for his health. My presumption is he went to obtain some finality to that mess and chapter 7. It could be done and in the Security Council of the UN awaiting a behind closed doors vote, who knows? At least I started a rumor.
[perky2] perky2 even the bank lady said tomorrow is 12//12/12. hummmm just j/k
[MsDiva] thats a lot of twelves for nothin to happen
[MsDiva] bobgetz6 lol lol
[BOBGETZ6] Someone out west, said Thursday or Friday. Too much floating around and I don't know anyone, at any level, who would know.
[BOBGETZ6] Speculation about Obama and the 17th, the fiscal cliff bailout, the relationship between Tonto and Scout.
[MsDiva] BOBGETZ6 its too much to deal with imo
[BOBGETZ6] As I have said for months now, only a handfull of people know and I don't think they are even sure, precisely.
[perky2] MsDiva i THINK since it s 12/12/12 that the value will be $12.00. hows that
[[jack1977] tK..... last night he was waiting for phone call ..... will be in around noon today.....
[flashing] i think our day is coming at fast pace
[flashing]remember that the countries holding iraq under ch 7 are UK and U S A
sailman] Good Morning Folks --- anything new in our Glorious Dinar World this morning ?
[flashing] sailman bunch of good and relevant news.
[sailman] We had some positive news here in CAnada from a few Banking Contacts -- seems like they are being READIED for currency changes
[childofgod] sailman great news!
[nolaspice] sailman we are ready!! lets geaux RV!!
[Stash] sailman great....what are they saying
[flashing] sailman same is happening in pr. there were an article talking about the new value of the dinar. everyone is excited about that
[jackinback] Was on netdania just now and got a big N/A on usd/vnd....is that unusual?
[Stash] sailman great....what are they saying
sailman] Stash- just that we are getting close to some major currency realignments and that most Currency Transactions will be taking place at specialized branches (mine isn't one)
[okrocks] ‘We’ve Got Some Serious Differences’ on Budget Plan ..During a phone call yesterday, Boehner said, he and the president were “frank” about “how far apart we are.” http://www.bloomberg.com/news/2012-12-12/boehner-says-we-ve-got-some-serious-differences-on-budget-plan.html
seokgrl] here is my stupid ? for the day, is the world bank and the IMF the same?
[findmoney] seokgrl IMF and world bank are 2 diff entities. But for practical purposes are the same
[findmoney] A pig stinks from the head down. The World Bank is the head. The IMF is the tail
[jetjock] The way I read the gift/charity code in the IRS publications...the value of the gift is what is the market value AT THE TIME of the gift...NOT when is exchanged or turned into dollars.
OILGENRL7] jetjock are you forgetting who is in power in our country? they can change the rules any time they want
[jetjock] OILGENRL7 that's a given...but as it stands now...that is how I read
[OILGENRL7] jetjock i appreciate the info .... we will find out soon enuf i bet
[buckwheat] jetjock Then it makes more sense to donate the dinars after the RV.
[jetjock] OILGENRL7 I only hope there is no delay in setting the rules...hate to exchange and THEN they explain the rules
[jetjock] buckwheat exactly...especially if it is a non-profit charity
[OILGENRL7] jetjock haha isnt that what they did for obamacare....passed it before the rules were read
[buckwheat] jetjock That's probably what will happen lol lol
[jetjock] OILGENRL7 afraid you are correct and that is what scares me....they tell everyone "trust me"....right
[misskitty05] jetjock the very definition of a gift includes the concept of the giver losing control over the item. Would make no sense to tax the giver based on a cash in value based on a cash in date that is out of the giver's control
[jetjock] misskitty05 but remember, there are some differences in the rules for gifts and donations...not the same
[misskitty05] jetjock lol I'm just saying that once the gift have been comleted (i.e given to the recipient) it is out of the giver's control and no tax gonsequences should flow to the giver based on what the recipient does with the gift. The only logical time to calculate the value of the gift for purposes of taxing the giver is when the gift is given.
[jetjock] misskitty05 I agree with that...to a point....gifting and estate rules are co-mingled in the code...there are ties to both items...
[misskitty05] jetjock I'm not sure about the gifts vs. donations issue but I'm talking about gifts to individuals.
[OILGENRL7] jetjock i just did the gift letter for the amount that i purchased the dinar for ..... they can exchange it anytime they want ... to my church and family
[findmoney] No one can understand our tax code!!! So why try
[jetjock] misskitty05 gifts are taxable after a point (13,000), but when the gift is given relative to a value change of the gift determines who pays the tax on the excess
[ram1] misskitty05 Isn't there also an exemption if you pay directly to a hospital and pay someones doctor bills.
[misskitty05] jetjock ok
[jetjock] OILGENRL7 the value of the gift, if given before the revaluation, is what you paid for it or the value established on the market at the date of the gift
[misskitty05] ram1 Someone asked that before and I don't know the answer
[oucrazy] Whoa. . . too deep for me. . .. . that's why there are tax attorneys. lol
[misskitty05] OILGENRL7 I think one of the key points is that the gift needs to be completed... that means you need to give the dinar to the recipient b/f RV so that it is no longer within the control of the giver. Gift letter alone is prob not enough imho
[Dinara] Not sure but if it was gifted over a year ago it might fall under the recipient paying long term taxes instead of short term.
jetjock] OILGENRL7 the issue is when to DONATE to a charity...if I give my church 100,000 IQD before the revaluation, the donation is worth only about $85 even they exchange it after the reval and get $300,000
[jetjock] OILGENRL7 therefore, I can claim only the value of the donation of $85 for my taxes
[bamatom] When they exchange they will be responsible for any taxes as it is their dinar.
[jetjock] bamatom yes
[misskitty05] jetjock yes
[pappyy] Ok, I am going to weigh on tax issues, what you need to realize the tax codes are going to change, you can speculate and try and figure it out now but unfortunately it's going to change, and IMHO not in our favor! just my 2 cents worth
[eagles4] pappyy I agree with you on that