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Thread: My Take On Where We Are Today

  1. #1
    Join Date
    Aug 2009
    Location
    Napa, CA
    Posts
    372

    Default My Take On Where We Are Today


    Well... here we are again! It is now nearing the end of the 2nd Quarter. Again... a perfect (budget/bookkeeping) time for a currency RV. The CBI has been working diligently toward this goal. They have been successful in removing over 39 Trillion worth of the "000" notes from the streets. They have issued new lower denomination notes as low as the 50 Dinar note and are also distributing coins that will most likely cover the need for even lower amounts of change (although I haven't heard anything on the value of these coins as yet). CBI has the tools and is now ready to implement the mechanism to raise the value of their currency. I have heard and am hopeful this happens within the next week.

    On a side note, Mahdi is cutting it pretty close. He has till the end of this month (one more week) to complete his government, or he will become subject to a vote of No Confidence. There are those that believe not having a complete Cabinet has been the holdup for CBI implementing the mechanism. I am NOT one of those. I believe, although CBI works with the government, it is separate from the government. Their sole purpose is to maintain Financial Stability within Iraq. I believe regardless of whether Mahdi completes his government or not, CBI has the authority to move forward with adding value to their currency. I guess we'll see what transpires over the next week.

    Another tidbit... Years ago we were told to go to our local Bank of choice when the time came to exchange. Lately, I have been hearing that there will be 800 #'s posted to set up appointments for exchange at "Redemption Centers". An established exchange rate, higher than CBI's posted rate, would be locked-in for a limited amount of days. At this time, I have heard nothing more about these Redemption Centers, so I will have to wait till those 800 #'s are released to find out how they process the exchange. In the meantime I have had several talks with my banker and was told that their local bank branches do not have the Del-A-Rue Machines required to verify our Dinar, but their Vault does. So, if I exchange at my bank, they will credit my account at the current CBI posted exchange rate, then the Dinar would be sent off to "The Vault" to be verified. Once verified, my funds would be released for my use. And since no one would be allowed to know where, or allowed to go to "The Vault" themselves, our dinar would be out of our sight for several days. Not a comfortable thought, but it is what it is.

    Tax wise... I'm still hearing this investment will not be Taxed. That is a nice thought but I wouldn't count on it. Bush's tax free credit expired during Obama's administration and I have read enough to rule out Capital Gains as well. Plan on Ordinary Income @ 35%, depending on how much you earn at exchange. And Please check with your Tax professional at the appropriate time. The IRS has had plenty of time to give this a lot of thought. I'm sure they will have a ruling by time taxes are due.

    That's all I have to say for now. Let me know your thoughts as well. We are all in this together. Thanks and take care.

  2. #2

    Default Re: My Take On Where We Are Today


    I just google banks with Del-A-Rue machine near me. There are at least 10. 🤔

  3. #3

    Default Re: My Take On Where We Are Today


    Thanks HotRod for your update. Your intel is right on point with what I have been seeing on the other sites. I believe in Dinar Speculator intel more than the other ones. It seems we are very close.

  4. #4

    Default Re: My Take On Where We Are Today


    HotRod you must have the magic touch. I cannot post a new article. Only a reply.

    ISIS is gone and Iraq's economy is building. Those are the two things we were waiting for. It's lookin' good!

  5. #5
    Join Date
    Aug 2009
    Location
    Napa, CA
    Posts
    372

    Default Re: My Take On Where We Are Today


    guardian, I'm not so sure about a Magic Touch, just posting my thoughts based on what I'm reading on other sights. I too can not post any articles. I personally believe that some one, or some agency, has placed a bug on this sight that is causing all our trouble with posting articles. That's just my best guess.

    But moving on... I think Iraq is ready. Of course there will always be more they can do to better their position, but for now, I believe they are ready to go... except for 2 very important Items. 1) They need to move into Article VIII (this will give the Dinar International status, and 2) They need to give value to the Dinar (and this is what will bring in Investors to Iraq). I believe both of these will happen simultaneously when Iraq is ready to take the plunge. And of course those Auctions will need to stop. This may also happen simultaneously along with 1 and 2.

    For now... we seam to be at a "Quiet Before The Storm" place in time. News has quieted down. It seams like Iraq is waiting for Investors to come rushing in, while Investors are patiently waiting for assurance that they can make a profit (the completion of items 1 & 2 above).

    But then there is also the status of the other 3 countries that are sharing the basket with Iraq. Vietnam is the only one I know for sure is in the basket. I heard a reference to Zimbabwe mentioned once but not sure if they are in the basket or not. And I have never heard any mention of the 4th member of the basket. If they are all coming out together, I would think they all need to be ready at the same time. But I haven't heard any news on the other 3 countries or their current status.

    Just the same, I don't think Iraq would wait on another country to get their act together when they know how important it is to get this done ASAP for Iraq. I'm still thinking we will be seeing, or hearing, some great news very soon. JMHO

  6. #6
    Join Date
    Aug 2009
    Location
    Cincinnat
    Posts
    264

    Default Re: My Take On Where We Are Today


    any updates as of late?

  7. #7

    Default Re: My Take On Where We Are Today


    Ironman seems to be no one around. I been watching Dinar Guru, not sure what to believe from them. This is the most reliable site.

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