cruiser] So who has the link where Bernanke stated that the "Central Bank" will be Basel III in 2013. Trying to find it. but no luck so far.
[RFrost] cruiser It was awesome to hear him say that it would be done no later than mid year when questioned.
[2mater] cruiser I believe it was member xyz posted it in the room earlier today
[cruiser] RFrost yes it was
[spankey] crusier : Does that mean " ding VND the wicked fed is dead " ?
[cruiser] spankey Fed not dead.
2mater] cruiser seriously
[spankey] crusier: changing their name to central bank ?
[cruiser] spankey you are on fire, but that needs to be treated as a rumor, for now. lol
Read More Link on Right
[citizensoldier] spankey Most people think that the Fderl Reserve BAnk is the Federal Government so why would they change names?
[cruiser] spankey just easier to be quiet and let things unfold.
[2mater] spankey World Central Bank I think - sounds a little scary doesn't it - sort of a James Bond sound to it
[Drod] cruiser Kinda like being at da club , being cool? LOL
[cruiser] Drod yes
[citizensoldier] Anyone interested in the fed res and how it relates to the treasury should begin to study here
spankey] 2mater: Sounds like one world banking system
[citizensoldier] Here is another important event related to banking http://en.wikipedia.org/wiki/Treaty_of_Versailles
[capt ron] Are all the gurus out there as optimistic as I am for an rv by the end of Feb?
[Precious] capt ron by Mar 15 from now till then
[capt ron] ok
[Precious] My guess by next week
[peganded] capt ron tomorrow is that!
[Precious] hope this weekend though
[capt ron] yep, tomorrow or so is what i truly do think. No kiddin'.
[.BJ] capt ron I like the way your thinking
[capt ron] In spite of ALL the endless cycles of dinar ups and downs, that is what i think.
[billuke] capt ron I'm w/ you on that too
[billuke] capt ron but I wouldn't be surprised if we find out on Fri
[capt ron] ...the end of a month makes it MUCH easier for such an event compared to some random business day.
[capt ron] Skip to my Lew. As it were.
[capt ron] billuke good deal.
[capt ron] Has "Smiley Face" Jack Lew been approved yet?
[perky2] capt ron yes
[Precious] Blaino CC tonight: : Blaino "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way." SO WROTE CHARLES DICKENS AS HE OPENED HIS MASTERPIECE "TALE OF TWO CITIES" ... SURE SEEMS TO FIT OUR SITUATION
So lets talk about rates.. Nothing to change what we have seen for long time. big three and four . rate something in the middle 3.00 vnd .478. dropped back to the 3.42 number... That’s where I think end up landing. the follower still around .42 cents. heard 92 cents on vnd. does not believe it..but will take it
target: We are down to the end of february.. No one thought we would be
HisBlessed: WHAT IS THE REASON FOR THESE DELAYS.. HisBlessed: THIS IS REITTERATION FOR NEWBIES...
[Precious] everything that needed to be done.. By iraq has been DONE... iraq is going to release what it is supposed to when they are supposed to BE.. Clearly in my opinion iraq has not been in charge for a long time..
[Precious] HisBlessed: in spring of 08 it was confirmed.. They decided to do a global reset.. with the rv of dinar
Precious] HisBlessed: lets talk about the indicatiors.. The big banks the screens are all black.
[Precious] HisBlessed: one of them had a power outage.. And for a few minutes they had the rates on for about 1-2 minutes... Until they went back to BLACK... they have not been able to do any currency deals for a while.. They were doing updates and they were acting like nothing going on HERE...
HisBlessed: according to the world march 1 is to late..
Precious] isBlessed: lets talk about the indicatiors.. The big banks the screens are all black. HisBlessed: one of them had a power outage.. And for a few minutes they had the rates on for about 1-2 minutes... Until they went back to BLACK... HisBlessed: they have not been able to do any currency deals for a while.. They were doing updates and they were acting like nothing going on HERE... HisBlessed: according to the world march 1 is to late..
[Precious] [HisBlessed] everything that needed to be done.. By iraq has been DONE... Feb 27 6:20 pm [HisBlessed] iraq is going to release what it is supposed to when they are supposed to BE.. Clearly in my opinion iraq has not been in charge for a long time.. Feb 27 6:20 pm [HisBlessed] in spring of 08 it was confirmed.. They decided to do a global reset.. Feb 27 6:21 pm [HisBlessed] the articles themselves.. We have seen them change the date on the very same article. Feb 27 6:21 pm [HisBlessed] and release it .. our guys have been in Iraq for a week....taking care of Iran..Syria..working on the currency...
[spiritfilled] Jester did you see what MarkZ told us today about the fact that...and treat as rumor...that the UST was going to take 11% off the top and fund the rest to us and that was going to IRS for taxes for this deal...he had heard that..guess another rumor
[leigh] 11-15% that's all?
[Jester] paradisegirl i heard 11% off the top...
[jc2] 11 would be better than the 40 plus state I was counting on...hope more than rumor.
[Jester] spiritfilled i heard the same thing from two other directions...
[Coffeeone] WHO doing collection? Have we loss that much control of our lives?
[jack1977] jc2 I was looking at 35 percent 11 would be great
[Digs] banks can not withold any TAX at cash in.. how could they? are they aware of you tax strucure, tax bracket, deductions/write-offs etc., are they an independent CPA? Banks MAY withhold 10% or so (just like unemployment does) but NO, they will NOT withhold whatever tax is owed on this
[jc2] Jack yes I was figuring 35 fed 5 spread 5 state....would be much nicer!
[paradisegirl] Digs but this event may not fall under the usual rules
[spiritfilled] Jester the only thing is if that is ALL of your tax liability, then it is much better than the possibility of the 23.8% of the new long term capital gains tax and you do not have to mess with getting it filed right etc
[sandytob] Digs MarkZ was telling us that they would take this off the top. We will not even know it's done....we will get the rate and it will already be deducted. Then they will send this flat rate to the UST. We will not owe fed taxes.
[jc2] Sandytob....that is how I understood his explanation as well
[Robertprofessor] spiritfilled I hope MarkZ's opinion/information is correct. I think a 11% tax rate off the top is very fair and much, much lower than I had planned on it being. And at that rate, why would anyone risk big problems by trying to figure out a way around paying it.
[sicily] good evening everyone, just got on, what is the latest? looks like everyone is worried about taxes. did we rv? if not why worry
[Digs] Banks will NOT withhold tax on this... Does e-trade withhold take on your investments? does Schwab? do any of them.. BANK will not withhold any sort of Short term or Long Term Cap gains on this Cash Exchange.. thats up to you an your CPA or Tax Attorney...
[spiritfilled] Robertprofessor hey ...if I have to pay 11% is less than 1/2 of 23.8% and you do not need the new math to figure that one!!
[WEW] Digs ... It is the government ... I have found they do pretty much what they want.... We have to wait for the rules...
[sandytob] Digs well we wait and see. Markz said this was negotiated.
[jc2] Digs...think he was saying it would be shaved off the top by the UST, INSTEAD of taxes
[snowwolfsdee] do you pay tax when you cash in your pesos for U.S. dollar?
[sandytob] jc2 yes, sounds right.
[Robertprofessor] spiritfilled It wasn't that long ago in Dinarland that the hot rumor was we'd pay 47%. 11% sounds quite nice compared to all the other rumors we've heard.
[cashinqueen1] i am not worried about taxes until we rv so if no rv no need to worry about taxes lol
[spiritfilled] jc2 yes and we would never see it....it would come off the rate then UST gives the net rate for our cash in
[musiccitylady] cashinqueen1 agree
[dinarhunter] Digs I'm thinking your way. Just doesn't make sense but then again it wouldn't be the first time someone threw us a curve ball.
[spiritfilled] Of course ...as I have always said for years ...you must have a 'write on" your taxes before you can have a "write off"!!
[Robertprofessor] Until this thing pops and we get the email, there's a lot of guessing we can do. Certainly, professional advice is mandatory for taxes.