[Response to Guru Henig post 3-16-2024 below] The taxation issue is not complex and I have it directly from the taxing authority (IRS) and an agent within the IRS. The taxation will be a matter of choice (YOU DECIDE). You may either pay tax as "REGULAR INCOME" or as Capital Gains. YOU CHOOSE! Depending on your structuring for tax advantages...Regular Income is the easiest way to deal with the income/profits as it is amenable with classic Asset Protection...The notion that you must have receipts is not true because you can choose Regular Income.
It is also not true that one must have a receipt or pay 40-50% in taxes. The tax code is written for both kinds of people. Those who pay taxes and those who do not. Guess which side the rich are on? They use Asset Protection...to defer and reduce...tax liabilities and anyone can do it...Do not be misled. Consult an ASSET PROTECTION ATTORNEY and forget the rest of what you hear and read.
Community Comment: "Wealthy people invest their initial profits. The first person they hire is a financial advisor. The second...is a tax professional"
This is not what you do with your initial profits. What you do is construct a financial fortress by setting up an ASSET PROTECTION PLAN! Lawsuits, taxes, and probate, are the wealth killers... Failing to set up an asset protection plan will almost guarantee that you will be sued. There are people who make a living seeking out the wealthy and then suing them. The first person you seek out is an asset protection professional of which there are few.
1% of all attorneys hold themselves out as AP specialists. After the RV, they will be booked up solid for months. Your AP specialist will have the proper CPA's to maintenance your wealth protection structure.
The average CPA doesn't even know how to file the proper forms for a Charitable Remainder Unitrust report for the IRS. So, hire your AP professional...
stay away from Financial Advisors who push foolishness like Muni Bonds, IRA's, 401K's. Mutual Funds, and other worthless paper-based assets. Certified investors have access to high-yield investments the common folk do not. Those are your path to multi-generational wealth.
July 29, 2024 Baghdad/Al-Masala: The Parliamentary Integrity Committee accused, on Monday, the Central Bank of Iraq of not being transparent regarding the dollar auction, and not providing data on the destinations where hard currency is spent, stressing that it will hold the bank’s governor, Ali Al-Alaq, accountable.
Committee member Hadi Al-Salami said, “There is a lack of transparency in the dollar auction, and the daily bulletin is not disclosed to know where the dollar goes and is sold through the auction. The bulletin is still secret, and only the amount of dollars sold is announced, and we do not know where this amount goes.”
He pointed out that "there is a parliamentary movement to hold the Central Bank Governor, Ali Al-Alaq, accountable, and the first step is to direct an oral parliamentary question, and we are waiting for his presence inside the parliament dome for the purpose of holding him accountable.
"
He added, "There is an effort by some representatives to question the Governor of the Central Bank, Ali Al-Alaq, due to the failure, especially in the issue of controlling the dollar exchange rate, which is still significantly higher in the parallel market than the official price."
Al-Salami stressed that “some blocs and parties refuse to question the governor of the Central Bank, as there is political protection for him, despite the failure in tasks and work, and there are indicators and observations in the work of the Central Bank, especially the currency auction.” https://almasalah.com/archives/97046
There have been major changes in the financial sector in recent weeks and anyone who does not want or cannot wear white hats is considered a top-notch financial tycoon.
(the one with billions at stake) simply goes under or is crushed; the same happened with the generals (General Staff Charles BROWN), as we heard today.
To ensure that NO unforeseen events occur, we have had many discussions and are now following the path that was negotiated two years ago. Light and darkness are intertwined.
A kind of FINE TUNING will take place starting today
(The wheels need to be readjusted so that the new multi-entanglement situation can work with ISO certification).
In fact, gold-backed QFS + GESARA implementations have already been implemented in the PRE viable phase and are already being used sporadically.
(testing) - It will take a few more days with QFS and then with RV, but surprisingly in public with Iraq. Dinar surprise as always, that is, it appears all over the world.
The transition phase, or part of it, the energy phase, will last, as I heard today, between 1 and 3 days. Freezer insurers are paying attention if voluntary power cuts occur.
I think the electricity problem will only cause temporary power cuts. Free energy is already well positioned worldwide.
https://t.me/mhc70
REDEMPTION_NEWS
TRANSLATION IN SPANISH:
ACTUALIZACIÓN - GCR:
Ha habido cambios importantes en el sector financiero en las últimas semanas y cualquiera que no quiera o no pueda usar sombreros blancos es considerado un magnate financiero de primer nivel.
(el que tiene miles de millones en juego) simplemente se hunde o es aplastado; Lo mismo sucedió con los generales (Estado Mayor Charles BROWN), como escuchamos hoy.
Para garantizar que NO ocurran imprevistos, hemos mantenido muchas discusiones y ahora estamos siguiendo el camino que se negoció hace dos años. La luz y la oscuridad se entrelazan.
A partir de hoy se realizará una especie de SINTONIZACIÓN FINA
(Es necesario reajustar las ruedas para que la nueva situación de enredo múltiple pueda funcionar con la certificación ISO).
De hecho, implementaciones QFS + GESARA respaldadas por oro ya se han implementado en la fase PRE viable y ya se están utilizando esporádicamente.
(pruebas) - Se necesitarán unos días más con QFS y luego con RV, pero sorprendentemente en público con Irak. Dinar sorpresa como siempre, es decir, aparece en todo el mundo.
La fase de transición, o parte de ella, la fase energética, durará, según he oído hoy, entre 1 y 3 días. Las aseguradoras de congeladores prestan atención si se producen cortes voluntarios de energía.
Creo que el problema eléctrico sólo provocará cortes de tiempo. La energía libre ya está bien posicionada en todo el mundo.
Irian backed Militia in Iraq. Can Iraq solve this issue?
Please go read the following articles in the Articles Section today titled:
“WASHINGTON INSTITUTE: THE FEDERAL COURT IS A TOOL IN THE HANDS OF IRANIAN MILITIAS TO DESTROY DEMOCRACY IN IRAQ” I don’t want to rub it in but I have said since 2014, when Iraq freely let Iran Kud forces into Iraq to fight ISIS that they would create havoc, take jobs and become the strong armed militia for the corrupt politicians. So here ya go….”I told you so”!. I also said at that time they will have to be removed as they will continue to cause havoc and damper the democracy of the new Iraqi Constitutional Republic.
Also read the article titled “IRAQI ARMED GROUP ASSERTS READINESS FOR CONFLICT WITH US”.
So again these militias are challenging the presence of US forces in Iraq. Yes, this will continue to either the US forces leave or the Iran militias leave Iraq. No ceasefire exists between its factions and US forces, emphasizing their readiness for “potential confrontation with American troops.” This is the
Group calling themselves the Islamic Resistance in Iraq (IRI), which is an umbrella organization encompassing all Iran-backed Iraqi armed groups. We must stop and think about the millions of immigrants pouring into the USA. Are they planning also to create such groups here to influence it democracy and be an enforcement group to the corrupt? This is not too far fetched and don’t deny the facts we already know.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
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: Good Morning and Welcome to August
Member: 8-1-2024=17=8 8 means a new Beginning.
Member: well, no Christmas in July…..just saying
Mod: JUST REMEMBER, AUGUST 7TH IS JULY 25TH ON THE JULIAN CALENDER, WHAT ELSE IS CELEBRATED ON THE 25TH?,
Member: The RV and Nesara / Gesara will happen at one point because economically all countries will fail. Just a matter of time.imo
Member: GM Mark Z. Now that July gone without RV. Do you think we might have it this month?
Member: How confident are you in the military intel you got a few weeks ago that RV needs to be done by August 4th?
MZ: Yes they said around the 4th and 5th……but I don’t know and have not received an update.
MZ: It really is a “Nothing Burger” on RV news today.
Member: We have decided that we love the nothing burgers! We get through with the laughter and knowing that God sends enough to meet our needs.
Member: Quiet it's a good thing…that’s what we are told…..but it’s still frustrating…..for us and Mark as well I am sure;
Member: The RV will happen... rather we have patience or not.
Member: I would like to know Why did Kuwait only take 3 months to revalue atfer war with Iraqi…..and it is taking years or decades for Iraq to revalue?
Member: maybe greed, corruption, theft, and lies have held it up this long.
Member: Bad guys who want to rule the world do not want us peasants to have any prosperity….poor people are easier to control.
Member: Skye posted a very good one saying that the pressures on for us to go within the next 72 hrs??
Member: Bruce say we should get Notified today or tomorrow?
Member: so many truthers saying it has started, it's like stand up sit down, get back up again.
MZ: Until one of us has spendable money…It’s hard to get excited.
Member: They've all cried wolf so many times on dates that I will believe it when I see it.
Member: My thoughts...RV on 8/8....8/8/2024 = 888 (2+2+4 =8).::but who knows
MZ: The prevailing rumor is that the Green light was set yesterday …and will go sometime between now and the 5th….We have heard these rumors so often I’m afraid to get excited about it.
Member: I wonder- who is it that supposedly gave the Green light?
Member: Could be the Chinese elders…or the military….or the White hats…..or Iraq….or the Easter bunny…..who knows?
Member: Is Zimbabwe going to gold now that their gold ZIG is common now?
MZ: They are pretty common now and being used in daily transactions. As they mine more gold…more are put more ZIG into circulation and take more US dollars out of circulation. .
Member: If you take a moment and look around you will see just about no country wants to use the USA Fiat Dollar any more. About only spendable in the USA
Member: Still waiting to see bad guys arrested , and justice served…where is the military ? Where are the white hats?
Member: Who knew there were so many bad guys running the world. So very tragic.
Meber: it's so sad that we live in a very sick world. Lots of prayers going out towards the world.
Member: Maybe 10 days of darkness is because we can’t pay electric bill.
Member: I do not think it will happen until after US elections and BRICS forces the world to go gold backed…..and that is many months away….
MZ: I still think it will happen sooner rather than later….
Member: BRICS new gold back currency- The UNIT and the new financial system will change the world…..
Member: We have to all stick together. WE WILL see each other through this. We have each other.
Member: Trying to keep thoughts positive…..Remember-Nothing, nothing, nothing….then SUDDENLY
Member: Have a blessed day everyone. Maybe tomorrow there will be positive news!!
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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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!
Posted On2024-07-30 By Sotaliraq Economic researcher Diaa Al-Mohsen explained the objectives of monetary policy in the country, explaining that it reduces unemployment rates and achieves stability for the local currency against foreign currencies.
Al Mohsen said, “Monetary policy is adopted to control the profit rate paid for short-term borrowing, to allow for a reduction in inflation rates or interest rates, ensuring price stability and high confidence in the value and stability of the local currency.” He noted that “monetary policy has other objectives, the most important of which may be achieving GDP stability and reducing unemployment rates.”
Al Mohsen added that “monetary policy aims to achieve stability of the local currency against foreign currencies, as the monetary authority is responsible for implementing monetary policy, which includes two types of policies that differ from each other. The first is called an expansionary policy, as it works to reduce interest rates imposed on loans.
Here, this mechanism works to increase demand for loans for investment purposes, which results in increased demand for investment goods and increased demand for goods and commodities.” He pointed out that “this mechanism works to increase demand for labor for the purpose of expanding production to meet the growing demand, as we notice here the consumer’s lack of interest in keeping cash. ‘
This policy ensures the decline of the local currency against foreign currencies, and then the foreign investor can put his money in to buy local goods at a lower price than usual, which increases demand for these goods, which increases the accelerating multiplier, which results in an increase in wages and a decrease in unemployment rates.”
“The other policy is the opposite of the first, and we call it a contractionary policy. Here, the monetary authority works to raise interest rates to withdraw the largest amount of local currency available in the market.
When interest rates are high, we find that consumers are less willing to buy goods and services. On the other hand, we find that consumers are more willing to save because interest rates are rewarding. ‘
However, this negatively affects investment, due to the high interest rates imposed on loans, which results in reducing opportunities for increased production and increasing unemployment rates. We also notice that investors are not willing to buy locally produced goods because their prices are high compared to their foreign counterparts,” Al Mohsen added.
He continued, “Monetary policy is a necessity undertaken by the monetary authority, in order to maintain the stability of the monetary system. The above is also fundamentally linked to the ability of the monetary authority to monitor the market in the cases of expansion and contraction. It is also necessary to remember the necessity of having a developed financial market.”
The problems of the banking sector and its urgent need for radical reforms in the monetary and supervisory policy of the Central Bank, and the creation of effective mechanisms to reduce corruption and ensure transparency in the management of public funds to achieve real and sustainable economic development in Iraq, are highlighted. With the ongoing dollar crisis and the absence of effective solutions, there must be a real need to establish a monetary policy that establishes the foundation for creating economic stability while preserving the country’s interests and putting an end to the US Federal Reserve’s sanctions against Iraqi banks. LINK