Their words not mine. Please check it out. I clipped out the most interesting part for you.
6. Financial Sector
FOREIGN EXCHANGE AND REMITTANCES
Foreign Exchange
The currency of Iraq is the dinar (IQD). The Central Bank of Iraq devalued the IQD, by 22.7 percent at the end of Dec 2020, to avoid a liquidity crisis. This came as part of the reform plan put in place by the Prime Minister after the country was simultaneously impacted by COVID -19 and the significant drop in oil prices at that time.
Iraqi authorities confirm that in practice, there are no restrictions on current and capital transactions involving currency exchange if valid documentation supports underlying transactions. The Investment Law allows investors to repatriate capital brought into Iraq, along with proceeds. Funds can be associated with any form of investment and freely converted into any world currency. The Investment Law also allows investors to maintain accounts at banks licensed to operate in Iraq and transfer capital inside or outside of the country.
The GOI’s monetary policy since 2003 has focused on ensuring price stability primarily by maintaining a de facto peg between the IQD and the U.S. dollar, while seeking exchange rate predictability by supplying U.S. dollars to the Iraqi market. In December 2020, the GOI announced that it would officially devalue the dinar’s peg to the U.S. dollar by 22 percent. Banks may engage in spot transactions in any currency; however, they are not allowed to engage in forward transactions in Iraqi dinars for speculative purposes. There are no taxes or subsidies on purchases or sales of foreign exchange.
Question: "The holiday is officially over was there any news about the Iraqi 2024 budget published in their gazette today?"
NO...BUT REMEMBER THEY OFFICIALLY GO BACK TO WORK TOMORROW [Sunday] PER SUDANI ACCORDING TO WHAT WAS IN AN ARTICLE. SO WE DON'T KNOW IF THE MOJ EVEN WORKED TODAY [Saturday].
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KTFA:
Clare: National Bank of Iraq
@NBIraq: بخطوات بسيطة هسه تكدر تودع فلوسك من خلال اجهزة الصراف الآلي بكل سهولة
TRANSLATION: With simple steps, you can now deposit your money through ATMs with ease
Ryan1216: We have to be EXTREMELY CLOSE to a rate change now that money can be deposited into ATM’s. IMO. What do you think Clare?
Clare: IMO, WE ARE EXTREMELY CLOSE. THE LAST FEW UB2B'S SHOW THAT. DID YOU CATCH WHAT EDDIE'S FRIEND SAID LAST NIGHT? "AT ANY MOMENT" IT COULD BE POSSIBLE.
Clare: KBR wins $46m Contract to Support Sustainable Development in Iraq
19th June 2024 By John Lee.
American engineering firm KBR has announced that it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development.
Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities to the Iraqi Government's Ministry of Planning, with a focus on creating an effective program environment to support successful delivery of strategic megaprojects.
Focus areas of KBR expertise supporting the ministry, who interface with all ministries and formations in the Iraqi government, will include economic planning, strategy development, feasibility studies, technical reviews and large-scale project management.
This contract, which encompasses a comprehensive range of planning and development services, will further elevate the significant role KBR is playing in the development of Iraq's energy sector - working closely with various ministries to identify, design and implement critical projects aimed at enhancing the country's economic and social landscape.
KBR's focus on innovation and sustainability will be integral to delivering the ambitious development plans, aligning with Iraq's long-term vision for growth and environmental stewardship.
Jay Ibrahim, President of KBR Sustainable Technology Solutions, said:
"This is a great example of KBR utilizing its growing global capabilities to support regeneration and sustainable growth of a nation. We are proud to further our partnerships in country, where we are already helping make our customers' ambitious plans a reality. With our deep expertise in engineering and energy solutions, KBR is well positioned to help our valued customers meet their energy security and sustainability objectives."
KBR will support delivery from its global locations, in addition to expanding its well-established footprint in country through the creation of an operational office in Baghdad and the wider prospect of building an engineering design center to enhance the skills of Iraqi engineers. LINK
BuckEyeTree: More good news for Iraq with KBR, an American company, establishing an operational office in Baghdad.
Also, the ATM tutorial about ability to make deposits into the ATMs is not only a convenience for Iraqis, but IMO another way for the CBI to collect 3 zero notes that may be in the dinar mattresses.
IMO in the coming days, Iraqis will be able to withdraw the lower notes as soon as they are released with new rate. Just waiting whatever comes next.
The American administration: We are tired of the Middle East… and the priority is elsewhere
The American administration has begun to show signs of “fatigue” with the Middle East, not because the Middle East is witnessing huge challenges, but because the world is witnessing many huge challenges.
American officials stressed that “it is necessary to look first at American foreign policy priorities and American national security priorities.” One American official confirmed that the current administration, like the previous administration of Donald Trump, “considers that the most important and greatest challenges are the rising power of China and the Russian threat that we are now seeing in Eastern Europe.”
The Americans describe the escalating Chinese challenge in serious terms. For them, China is a huge economic power, carries out commercial activities that are unacceptable according to international legal rules, controls many sources of raw materials, and China is building a rapidly powerful and dangerous military force, especially a nuclear arsenal, and what is worse for the Americans. It threatens to use this diverse economic and military power to impose a political reality, such as occupying Taiwan or controlling vital straits.
As for Russia, in the eyes of the Americans, it has violated many red lines. Launching an “attack” on a neighboring country, and attempting to “overthrow” the Ukrainian state by military force, is an expression of this danger that threatens the independence of neighboring countries, and threatens “free” Europe after it has been liberated from control. Communism 30 years ago.
Consumption of American power
These two dangers, the Chinese and the Russians, consume a lot of American military and diplomatic capabilities. When talking about these two dangers, the Russian and the Chinese, American officials point out that the United States is working with the countries of the Pacific Ocean and with the countries of Europe and the group of industrialized countries to stop the escalation of these risks, but this cooperation It is not a substitute for the American presence, especially the military presence.
During the past few years, the United States was forced to deploy two aircraft carriers in East Asia, and with these carriers, dozens of American warships and thousands of American soldiers. The United States was also forced to send huge quantities of weapons and ammunition to Europe to confront the Russian advance and protect NATO’s eastern front.
Americans’ weapons stocks reached low levels in 2023, and the world map was full of American forces when the October 7 attack occurred.
Directing forces to the Middle East
With this attack, the United States was forced to direct squadrons of air forces to the Middle East. It also directed an aircraft carrier from the Pacific Ocean to the Middle East, and American military power reached the limits of “full use” at the beginning of the year 2024.
The Americans succeeded in putting an end to the escalation, and they worked extremely hard to prevent the spread of clashes in Iraq and Syria. They were working through contact with Iran to stop the Houthi attacks and to stop the clashes on the Lebanese-Israeli border, but these efforts failed, and worse happened when the Israelis were killed. A senior official in the Iranian Revolutionary Guard in Damascus, and Iran responded by bombing Israeli territory.
One of the American officials said when speaking to Al-Arabiya and Al-Hadath: “You must understand that our priority is elsewhere,” and he continued, “The United States is a huge power, that’s for sure, but the world is also a huge theater,” and he warned with some severity. He pointed out that “the United States’ priority is China and Russia, not the Middle East.”
We should not understand from the words of this American official that the Middle East is not important to Washington. Rather, the American administration stressed that the Middle East is an essential part of America’s vital interests, and the administration of current US President Joe Biden wants to establish strong relations with the countries of this region, “but we do not We want to do the job alone,” according to the American official.
Americans need to restore their military, and even diplomatic, capabilities to the Pacific region, and for regional parties to bear the direct burden of confronting the risks.
The dangers of the region are many
The Americans list a list of risks, starting with the ongoing Iranian threat, passing through the Houthis and the protection of the strategic straits, all the way to Syria and Iraq and confronting ISIS, but American officials talk about a major lack of countries in the region in possessing the necessary equipment, especially naval vessels and their radars, and marine missile defense systems, They also point to a severe lack of training in the use of the defense equipment and systems available in these countries.
By talking to American officials, the listener gets the impression that the Americans are tired, and the soldiers deployed in the region are tired, and they want an alternative in a quick time to change the map of their deployment in the Middle East, reduce American forces in this region, give the soldiers and the American treasury a break, and then return to the “most important theater.” “
Article: "Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil" ...There it is again in articles. Do we need the Oil and Gas law referendum passed prior to the Reinstatement? We were told we do. Let’s see what happens.
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Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open... the final issues preventing the reinstatement are being dealt with one by one...It is June already and this month is proving to be a very significant month again...my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait.
Do they have to RV to make the budget work? If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars. If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries? ...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.
The economist, Abdul Rahman Al-Mashdani, preferred to keep the dollar exchange rates within their current rates.
Al-Mashhadani {Euphrates News} explained that: “The launch of the 2024 budget financial amounts will increase the spending demand in the market, knowing that the operational spending of fixed wages and salaries and their impact will be constant.”
He added, “The investment budget is important because the projects require homemade and imported materials.”
Al-Mashhadani, indicated that “any direction of home-made materials such as construction industries such as steel, cement, sand, wood, etc., which have led to their rise locally and so on requirements go to keep exchange rates within their rates and not fall.”
Sale prices in banking shops in local markets in Baghdad today recorded 148,000 dinars for $100, while the purchase was 146,000 dinars for $100.
(The spigot for Iraq is now wide open. It is pouring out. Here it is again….. )
Amid growing pressure to dissolve the coalition and withdraw troops, the United States and its partners should continue pursuing good relations with Baghdad—but this time with a lighter footprint and increased regional cooperation.
At Baghdad’s request, the UN Assistance Mission for Iraq (UNAMI) has been ordered to cease operations in December 2025, following a previous decision to shut down the UN team charged with investigating the Islamic State’s crimes in Iraq (UNITAD). Meanwhile, Baghdad plans to close the country’s remaining camps for internally displaced persons (IDPs), first opened at the height of the war against IS. More broadly, it seeks to normalize its diplomatic activism in the region, which recently included mediating rapprochement talks between Turkey and the Syrian regime.
Despite the international support and military cooperation that have defined Western relations with Iraq in the post-Saddam era, Baghdad has begun to reevaluate longstanding arrangements. Washington and its partners should follow suit, scrutinizing the current basis of relations with Iraq amid changes in the local and regional environment, while simultaneously preserving the relationship’s most beneficial aspects.
Prime Minister Mohammed Shia Al-Sudani inaugurated, on Sunday evening, the second phase of the project to rehabilitate the historic city of Baghdad / Downtown Baghdad, which is to rehabilitate the Al-Sarai-Qashla axis towards the square of the field, after its completion.
The completed project included the restoration and maintenance of the facades of heritage and historical buildings, the maintenance and rehabilitation of infrastructure systems and networks, the development of a cultural, social and recreational axis for walking, as well as the creation of the Sarai Square, the furnishing of streets and lighting, the treatments of historical buildings, and other civil works.
During the opening, Al-Sudani pointed out that the work was done by Iraqi hands, through a specialized team, which went to develop these important sites that represent the historical heart of Baghdad, and an important part of its political, cultural and social heritage.
He stressed the continuation of completing the project in its five stages, as part of the government’s efforts to sponsor and support this file, and strengthen the touch of a national and historical identity for the city of Baghdad.
The Prime Minister also indicated that this area has already begun to become a kiss for tourists, and an entertainment area for the people of Baghdad and its visitors, praising the contribution of the Baghdad Municipality and its cooperation in completing the project with the rest of the concerned ministries, Diwani Al-Qafain, the Central Bank of Iraq and the Association of Iraqi Banks, and the social benefits allocated to complete the project, stressing the proceeding in the third phase; in order to give the city of Baghdad a new and clear picture that represents its history and is in line with its global reputation.
What can we investors do to help the RV situation?
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption.
Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Folks your prayers so far ARE WORKING and God has heard your cries. Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it.
We don’t’ need this foolishness of this everyday / any day garbage intel. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in this work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. It is June already and this month is proving to be a very significant month again. But my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait. I will get more news tomorrow when I make my call to Iraq.
Iraq 06/24/2024 The Budget Department of the Ministry of Finance called on all ministries, governorates, and entities not affiliated with a ministry, to send their authorized representatives for the purpose of receiving estimates of current expenditures, revenues, and investment projects for the current year, approved by the House of Representatives, and this is the first time that general budget tables have been approved and not a law.
Budget, where the government set a general budget for three years (2023, 2024, 2025).
There has been much talk among specialists about the budget deficit, which some have estimated at 25 percent, while the government seems confident in its calculations and is constantly calling for reassurance.
The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Saleh, on specific mechanisms to fill the supposed deficit.
Saleh told Al-Sabah: “There are various objective factors that public finances depend on in the event of a real emergency deficit during the remaining six months of spending of the current fiscal year, which is known as limited resort to short-term loans or bridge loans in the terminology.”
He explained, “The general budget law in force allows borrowing with treasury bonds or transfers from the internal banking market, in addition to controlling operational spending priorities, which is what is called financial discipline, which tends towards preferring some necessary operational expenses over others according to priorities,” indicating that “this comes To provide sufficient financing for the committed urban projects without faltering or stopping.”
Saleh noted that “the policy of financial discipline adopted by the fiscal policy has become more restrictive in collecting government revenues and in accordance with strict oversight characterized by speed and precision,” and stated that “it is no secret that there are funds that were not spent from the previous fiscal year’s budget and were recycled, which provides a facilitating, compensatory climate.” In the flow of cash revenues, especially in meeting part of the basic and development spending needs in the current year’s budget.”
He pointed out, "Despite the above, oil markets are still in booming demand and their prices are higher at a rate of change of (positive 15 percent) than what is planned for the price of a barrel of crude oil in Federal Budget Law No. 13 of 2023 (the tripartite budget), which is $70 per barrel." “One,” he stressed, “this in itself is a positive element in covering necessary spending, and leads to a continuous reduction in the hypothetical or planned deficit gap.”
In this context, economic affairs researcher, Nabil Jabbar Al-Tamimi, stated that the ceiling on government spending and revenues is restricted, expecting that public spending will not exceed the available amounts.
Al-Tamimi told “Al-Sabah”: “The general budget is numbers, tables, and hypothetical estimates for revenues and spending, and in general, the government has set a high ceiling for revenues and spending, and indicated that a large deficit could occur in the issue of revenues to cover spending.” He added, “The government has put in place a set of plans.” To cover the budget deficit, including borrowing and selling bonds.
He continued, "The government will not spend more than the expected revenues and will not be able to implement the budget in full technically and financially, and spending at the end of the year will not exceed 150 trillion dinars." He stressed that "this number is the amount of revenue achieved with a small deficit," indicating that "the government will not You can implement the budget in full and will remain hostage to the funds collected, which will be spent according to the available ceiling.”
Before I dive into any information concerning opening a trust or trust administration, remember that I am just telling you what I plan to do and not giving any advice whatsoever. I am not an attorney, a trust or tax attorney. I am not a certified financial advisor nor any of these like professional disciplines. For my personal use, I have done extensive research on trusts but even with this I will still consult a trust attorney to set up the trust and to help me manage it. Having some knowledge of trusts only helps me talk intelligently to the legal professionals and understand somewhat of what they tell me.
There are two kinds of trusts that I will be using. They include the Simple Trust and the Complex Segregated Assets Trust. I will be using both of them based on the type of asset I wish to put in the trust and what I intend to so with the asset. In some cases the asset is money and in other cases it is property or cars. I have already written a Living Will Trust for the ease of transfer of property upon our deaths.
A key note is to remember you DO NOT have to have a trust to exchange your dinar at the bank or any currency for that matter.
You can visit my TRUST WORKSHOP in my blog for more information on trusts. This information is just an overview and familiarization with terms used in working with trusts. You should always contact a specialized trust attorney to select and develop a trust that is right for your personal objectives as to how to protect and handle your assets.
WILL YOU BE TAXED ON YOUR EXCHANGE OF CURRENCY?
This is another one of those questions that keeps popping up. I will tell you I have researched this also and there are two sources I can reference to help get some information on this area of concern. You are welcome to go read the information for yourself and then determine for yourself. If I were you I would definitely take this information to a tax attorney for guidance and maybe call the IRS yourself to get a definite answer. For now, it is still skeptical what the taxes will be and how they will be handled on the Iraqi dinar exchange. We have not gotten any definite ruling by the IRS nor will we probably get one. If in doubt, be ready to file and pay taxes.
If the value of foreign currency changes from when you acquire it to when you dispose of it (e.g., converting it back to U.S. dollars), you may have a gain or loss. Generally, gains on appreciated currency are taxable at ordinary income rates, not as capital gains.
THE “VACATION” EXCEPTION
This exception is a good starting point, since it applies to many people. If you hold a foreign currency for personal purposes, such as returned from a vacation trip or business trip and have left over foreign currency you did not use while abroad, and you incur a loss of any amount, or your gain is less than $200, there is no tax due on the gain or a deduction for the loss.
How does this vacation exception apply to the Iraq dinar exchange?
Some issues to think about and bring to your tax attorney.
Your gain will be much more than the $200 exception in most cases
You are not returning from a vacation or business trip
Do we consider this exchange from an investment or a casual exchange from a hobby or trip since we did buy large sums of it and held on to it for so long?
Are there any “special” exceptions to taxes based on State Dept policy towards Iraq and currency exchanges? See below link. Scroll down to Section 6. This might be what we are looking for.
Oil Continues Its Losses As Commodity Markets Are Affected By The Rise Of The Dollar
Monday 24, June 2024 08:38 | Economical Number of readings: 148
Baghdad / NINA / Oil prices fell in early Asian transactions today, Monday, for the second session in a row, affected by the rise of the dollar after renewed fears of the continuation of high interest rates for a longer period and the lack of risk appetite among investors.
By dawn today, Brent crude futures fell 40 cents, or 0.5%, to $84.84 per barrel, after falling 0.6% upon settlement on Friday. West Texas Intermediate crude futures also fell 39 cents, or 0.5%, to $80.34 per barrel. The rise of the dollar raises the cost of purchasing oil denominated in the US currency for holders of other currencies.
But crude contracts rose by about 3% last week due to indications of increased demand for oil products in the United States, the world's largest consumer, as well as the continued implementation of production cuts in the OPEC+ group.
Oil prices received support from geopolitical risks in the Middle East due to the war in the Gaza Strip, as well as the intensification of Ukrainian drone attacks on Russian oil refineries.
CBI decision to remove three zeros from the Iraqi dinar
Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.
Why delete the three zeroes from the Iraqi dinar
The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy,an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
Here is a video talking about the economic and banking reforms that are instituted already and those to come. Pay attention to it and see that it conforms to the 2011 Dr Shabibi plan and what they need now to execute it to the end. I set the closed captions for the english speaking USA.
Baghdad – Mawazine News The Ministerial Council for the Economy approved, on Monday, the national lending strategy, while decided to hold a special session of the Council, in the Kurdistan region, to solve all outstanding economic problems. This came during a meeting held under the chairmanship of Foreign Minister Fuad Hussein, the 18th session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, the Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the advisers to the Prime Minister for Economic and Legal Affairs, the Chairman of the Securities Commission, and the Undersecretary of the Ministry of Oil.
The Council discussed, according to a statement received by the Mawazine News Agency, the paragraphs on its agenda and took the necessary decisions on them, and approved the request of the Ministry of Transport to refer the project of extending a railway between the city of Basra and the Shalamja port as far as it is related to the financial powers.
The Council approved the national lending strategy after the Governor of the Central Bank presented a summary of the strategy and what the bank implemented during the previous lending initiatives, and also decided to hold a special session to discuss all opinions, ideas and proposals for maximizing the state’s non-oil revenues.
The Council approved, according to the statement, that the General Company (Or) affiliated with the Ministry of Industry will purchase the damaged and damaged wires from the Ministry of Electricity and its formations in all for a price to be agreed between the two parties. The Council reviewed the technical report prepared by the Ministry of Commerce on the reality and work of the civil mills, and decided to support the ministry’s measures to improve the quality of flour production provided to citizens as well as approve the transfer of ownership of the mills. The Council also agreed to cancel the withdrawal of work from the company implementing the contract of Thahir (16) a spherical tank to reach the completion rates to final stages, and the Council decided at the request of the Ministry of Agriculture to open the import of winter crops (halana, carnabablo, lettuce, slgum and shunder).
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Morning Mark and all Mods hope this is a better week.
Member: Gooooood morning fellow future rich people
Member: I have a pretty good feeling about this week!!!!!
Member: I think timing for big things will happen between now and the 4th
Member: Christmas in July, I'm good with that. but I'd prefer June. Lol
Member: You would think the good guys would want to make July 4 special
Member: I hope we have better news from the bonds then we've had the last two weeks
Member: Things are moving. Whether we see progress or not
Member: Guess nothing happened on the 23rd….Another date bites the dust.
Member: I wonder what happened to the banking crash on the 23rd?
MZ: I don’t know. What did happen is the question. There were great rumors for the weekend and its Monday Morning ….We have not been able to check yet-what was rumor or what is factual.
MZ: If they changed the system on the 23rd- we should find out somewhere in the first day or two if this week .We are not going to get an immediate affect ….but should see it play out this week.
MZ: I honestly don’t feel it is worth hashing out the rumors until we can prove or disprove them today.
MZ: We should find out today if the rumors of the 1% payout for historic bond folks is accurate or not.
MZ: We heard there was a lot of movement with ATM’s in Iraq. But so far this morning it is unsubstantiated.
Member: I wonder -does the movie have to play out or are we waiting for Gold backed money?
Member: If all Countries are going Gold backed, we have to go very soon or we can't do business with them! IMO
MZ: The rumors are flying. Now we have to find out if they are real.
Member: Do we know for sure if we will be taxed at our exchange or not?
MZ: We do not know for sure. Its best to plan on being taxed and hope you are not. I do not think we are going to be taxed. Most of my sources say we will not….but I am prepared if they are wrong.
Member: Capital gains tax in Canada is 66% … no taxes please
Member: At this point I would gladly pay the tax if it would just gooooooooooooo
Member: So no budget published yet?
MZ: It was still not in the Gazette as of last Saturday
Ariel on X is saying the dinar is getting ready to RV and MMan answered saying “we are in great shape”
Member: My local Chase bank just added “Wealth Management Services” to their front glass doors
Member: Mark do you think we will go before the 4th of July?
MZ: I think it is well within the realm of possibility.
Member: June 24th 1997, the United States Air Force reports on Roswell. release the report titled "Case Closed"
Member: Anyone notice the overwhelming quantity of Wonderful, encouraging BRICS news posted everywhere…….and the sick, depressing, horrible news that spews from the US?
Member: If the US continues to be terrible….post RV-It might be better to move to a BRICS country…..I’m sick of depressing stuff. We need something good in the news.
Member: If there are any white hats….if they exist….they need to do something….something we can see.
Member: Thanks to all today…..hope everyone has a great day today.
StacieZ joins the stream at the end today. Please listed to replay for her information
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
