Iraq participates in the meeting of the Arab Economic Council, 2 SEPT

  Iraq participates in the meeting of the Arab Economic Council

The Arab Economic Committee is scheduled to begin its work today, Monday, to prepare for the 114th session of the Arab League's Economic and Social Council, which will be held at the ministerial level next Thursday, with the participation of the Minister of Trade, Athir Dawood Salman Al-Ghariri.

Iraq will be represented in the meetings of the Economic and Social Council by two delegations, the first from the Ministry of Labor, which will attend the meetings of the Arab Social Committee, while the second delegation will be from the Ministry of Trade and will participate in the meeting of the Economic Committee.

The Arab Social Committee held its meeting yesterday, Sunday, with the participation of a delegation from the Ministry of Labor and Social Affairs, and a number of decisions were submitted to the Council.
The ministerial meeting of the Economic and Social Council next Thursday, in which the Minister of Trade will participate, will be preceded by a meeting of senior officials in the Council the day after tomorrow, Wednesday.

Assistant Secretary-General and Head of the Social Affairs Sector, Ambassador Dr. Haifa Abu Ghazaleh, stated that the 114th session of the Economic and Social Council began its work with the Council's Social Committee.

Abu-Ghazaleh added that the Social Committee reviewed the report of the Secretary-General of the League of Arab States, which included all the efforts and activities that took place between the two sessions of the Council in various sectors of joint Arab social and development work.

She continued that the report focused on continuing to implement the social dimensions of the 2030 Sustainable Development Plan, supporting vulnerable groups in society, and other activities related to persons with disabilities and the elderly, health, youth, women, family and childhood, population policies, civil society and human rights, migration and expatriates, education, scientific research, culture and dialogue of civilizations.  link

"JUST A RECAP FOR THE IRAQ DINAR SITUATION" FROM GINGER TELEGRAM ROOM, 2 SEPT

 I’ll do a recap for the Iraq Dinar situation

And how it is going to play out based on the news we were seeing right now 

Follow the thread, and you would understand 

-first, we know the Dollar has been set to collapse this September

The decision was made last year 2023

Second, Iraq bought a lot of dollars but it seems like they do not have enough Dinar against it to cover up the values and expenses so they claimed they will turn on the printer… if they did, it will cause huge inflation

Then Iraq claimed they will sell their oil with Dinar instead of the dollar… but first they need to back up the dinar with gold… which means they cannot turn on the printer if it is backed up by gold… because that is a huge problem by itself beside inflation

After that, they admitted they will not print more notes… because if they’re gonna back up the currency with gold… they cannot print more notes…

They will be forced to change the rate to cover the expenses they have for all the ministries and salaries at the end of September

Also, Iraq finished training new people for exchanging currencies as it was required by an official letter from the CBI a month ago

Here Iraq is going international

By allowing their banks to make Cross border payment with different currencies, other than the dollar

Plus joining Visa, MasterCard, MoneyGram 

That works on XRP and XLM

Also, it came on the news that Iraq had an agreement with US to pull USA military out of Iraq by September

This agreement happened at the beginning of July  

But Trump stated there will not pull out of Iraq unless they are getting paid

If Iraq right now in deep shit because they cannot cover up the expenses of their ministries and citizens salaries

How are they going to pay these military people? 

They have to change the rate to be able to pay off everything

Finally, you gotta understand

Iraq in a deep shit financially they will be forced to change the rate to pay off everything and back their currency with gold

Also, BRICS meeting on Oct any country wants to join BRICS they have to ditch the dollar aside

🔥 we are close as f—-🔥

Last thing, Kuwait had their money backed by gold b4 the Gulf war

Then, after the war, they backed it to the old rate before the war, because it is the same currency that is backed by gold before & after the war

Iraq will do the same &  bring the old rate before the war $3.22

Here is the proof of US military withdrawing out of Iraq beginning this September and end on September 2025

As Trump stated … none of the troops will get out unless they are getting paid

The rate has to change this month, so the troops can start withdrawing and be paid

🔥🔥🔥

Amazing great news 

Iraq admitting that they have to back up the currency with gold by the order of IMF 

Plus, the federal bank in USA admitted that there is a collapse of the dollar .

TOP 7 TAX HAVEN IN US

 

@DINAR REVALUATION

ABOUT "TAX HEAVEN" STATES UN THE U.S. BY DINAR REVALUATION , 2 SEPT

 When it comes to "tax heaven" states in the U.S., typically we're referring to states with low or no state income taxes, which can be attractive for individuals and businesses looking to minimize their tax burden. Here are some notable examples:

1. Florida - No state income tax, making it a popular choice for retirees and people looking to reduce their tax liabilities.

2. Texas - Also has no state income tax, although it does have higher property taxes and sales taxes to compensate.

3. Nevada - No state income tax, with revenue generated primarily through tourism and gaming.

4. Washington - No state income tax, but it has a high sales tax and relies on other revenue sources.

5. Wyoming - No state income tax and generally low property and sales taxes.

6. South Dakota - No state income tax and relatively low sales and property taxes.

7. Alaska - No state income tax, and it even has an annual dividend program funded by oil revenues.

These states generally attract people and businesses who are looking to save on state income taxes, but it's important to consider other factors like property taxes, sales taxes, and overall cost of living when evaluating the tax friendliness of a state.

THE "TRUSTS" DO PAY TAXES? BY DINAR REVALUATION, 2 SEPT

 Yes, trusts do pay taxes, but how they are taxed depends on the type of trust and its specific provisions. Here’s a general overview:

1. Revocable Living Trusts: These trusts are often used for estate planning and allow the grantor (the person who creates the trust) to retain control over the assets. Since the grantor retains control, the trust itself does not pay taxes. Instead, any income generated by the trust's assets is reported on the grantor's personal income tax return.

2. Irrevocable Trusts: Once established, the grantor cannot alter or dissolve an irrevocable trust without the consent of the beneficiaries. These trusts are considered separate tax entities. The trust must file its own tax return (Form 1041 in the U.S.), and it may be required to pay taxes on any income it generates that is not distributed to beneficiaries.

3. Income Distribution: For irrevocable trusts, income distributed to beneficiaries is generally taxed at the beneficiaries’ individual income tax rates. The trust can deduct this distributed income from its own taxable income, shifting the tax burden to the beneficiaries.

4. Charitable Trusts: Charitable remainder trusts and charitable lead trusts have special tax treatments. Contributions to these trusts can provide tax benefits to the grantor, and the trusts themselves might enjoy tax-exempt status for the portion of income designated for charitable purposes.

5. Estate and Gift Taxes: In addition to income taxes, trusts can also be subject to estate and gift taxes, depending on their structure and the value of the assets involved.

Each type of trust has its own tax rules and implications, so it's often advisable for those involved to work with tax professionals or estate planners to ensure compliance and optimal tax planning.

THE "TRUSTS" AS ASSET PROTECTION BY DINAR REVALUATION, 2 SEPT

 Trust is crucial for people across all economic backgrounds, but wealthy individuals might have specific reasons for placing a high value on it. Here are some reasons why trust is especially important for rich people:

1. Complex Financial Transactions: Wealth often involves intricate financial dealings, such as investments, estate planning, and business ventures. Trust is essential for ensuring these transactions are handled correctly and ethically.

2. Asset Protection: Rich people frequently need to protect their assets from various risks, including legal issues, financial scams, and mismanagement. Trusted advisors and legal professionals play a key role in safeguarding their wealth.

3. Philanthropy: Many wealthy individuals engage in charitable giving or create foundations. Trust is vital when selecting partners and ensuring that donations are used effectively and ethically.

4. Business Partnerships : High-net-worth individuals often have significant business interests. Reliable and trustworthy business partners are crucial for maintaining successful and smooth operations.

5. Privacy and Security: Wealth can attract attention, and maintaining privacy and security is often a top priority. Trustworthy people help manage personal and professional security concerns.

6. Succession Planning: Planning for the transfer of wealth to heirs or beneficiaries involves careful consideration. Trust is key to ensuring that wishes are honored and family dynamics are managed effectively.

7. Personal Relationships: Trust is fundamental in personal relationships, including with family, friends, and staff. Wealth can complicate these relationships, making trust even more important to navigate complex dynamics.

In essence, trust helps in managing and preserving wealth while also ensuring that personal and professional relationships remain stable and secure.

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💢Q & A Topic - QFS, Trusts ➡️ Goal - anonymity and security BY GINGER, 2 SEPT

 💢Q & A Topic - QFS, Trusts ➡️ Goal - anonymity and security 

💢Q: Member - Isn't our money going in our QFS Account? It should be safe there...

💢A - Ginger:  Yes it will be safe. But it will also need to be moved around, right? You want to remain anonymous. (if very wealthy).

💢Q - Member: Thank you. ❤️🙏 So our money is safe and I have enough time to make a bullet proof Trust after the appointment and before I move larger sums of money?

💢A - Ginger: Yes.... Please keep in mind that some people say that if you're exchanging for over a million $ that they're gonna want you to have a Trust of some kind. 

Even if you set up a skeleton Trust there at appointment - or before your appointment ➡️ (FREE at Rocket Lawyer dot com - cancel the subscription AFTER you complete the Trust and print out a couple of copies to get notarized) , you can always do a thorough one with a legal professional after your appointment, when you've got more time and money to do that sorta thing. 

I just don't want anyone to feel like I'm saying this HAS to be done before your appointment. It might be nice to accomplish that with these tips, but that's entirely up to you. I only try to give suggestions that will save our folks time and money, and give you a sense of calm during this process. 🙂

I hope this helps 🌺

Archived resources. ⬇️ I am not a lawyer nor a financial advisor. I'm not trained to give financial advice. I'm a teacher and a supporter for humanitarians. That is all.