Frank26
On the 1st of January, you citizens of Iraq will no longer be able to use any foreign currency...Nothing except their currency. Their currency is worthless. Obviously they are cleaning the floor of the CBI from terrorism, counterfeiting, those in parliament that think they were going to take everything over again like Iran was planning but didn't work. This monetary reform education right now is extremely successful.
If you held your dinars for 1 year and you have the receipt to prove that, the date, then more than likely you'll be somewhere in the 20% range of taxes. If you...have no receipt, oh boy, you might be in the 40%. Yikes. You have 1 million, you'll have to give Uncle Sam $400,000. I'd rather give him $200,000 because I have a receipt where I've held my dinars for at least 1 year. For those of you...that just bought your dinars last month. Hmmm. You may have to consider to hold on to them for another 11 more months for tax purposes. [NOTE: Some gurus feel the dinar will be taxed as ordinary income and not capital gains as suggested here. Always speak with your tax advisor at the appropriate time to determine the right tax for your unique situation.]
There is hidden information being revealed in these [This week's bank stories] phone calls...They're running out of time...The Venturi effect of the whole monetary reform is becoming so narrow he can barely get everything through fast enough right now. The employees are being educated/updated. Very good. They are telling them the dinar...we'll be doing it, sure...The banks know when and they're getting the customers ready and preparing them...This is what I am coming across...You may be still getting a lot of denials and that's still to be expected, but I am a central hub of information. People call me because they want me to share it with you...these bank stories are powerful
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