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10pm January  24th, 2017

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Table of Contents

Dinar Updates Tuesday PM Chat  1-24-17   Part 2 of 2

loop says():Abadi officially announced edit the left side of the connector is fully
By Ziad al - Haidari
Abadi officially announced edit the left side of the connector is fully
 
Roudao - Erbil    Iraqi Prime Minister Haider al - Abadi, on Tuesday, freeing the left coast of the city of Mosul from the control of the entire Daesh and raising the Iraqi flag over the buildings.
 
Ebadi said in a press conference attended by Roudao network media reporter, said that " the high professionalism enjoyed by Iraqi security forces during the administrations of the Battle of Mosul received wide international support enabled them to record time to resolve the battle," directed "tribute to the performance of all media organizations to cover the victories military units."
 ...


Dinar Updates Tuesday PM Chat  1-24-17   Part 1 of 2

loop says():  "Amnesty amendments" excludes kidnappings and tolerate forgers of special grades
 
Author: Editor: 01/24/2017 00:06 Long-Presse / Baghdad
It confirmed parliamentary circles, yesterday, that the amendment will allow the new general amnesty to re-investigate the crimes committed before the fall of Mosul, as opposed to crimes committed after that date.
 
It considered the last paragraph of the reasons that led to change the perspective of the parliament to amend the law and discussing acceptance in principle after he was rejected in a previous session.
 
But the other parliamentary parties attributed the changing attitudes of some MPs from the Amnesty Law to the discovery of "dangerous" version that was voted on in September.
 ...


News, Rumors and Opinions Tuesday Night 1-24-17

KTFA:

2cents:  The stage is set.........East side complete....portable bridges in place.......Maddog at the helm....CBI not updating or revealing......payroll projected by end of month.....Beginning of year which is certainly by articles and statements the most preferable time.......

51 laws ready for vote.....Financial Mngt Law ready for vote which will complete LOI requirements of IMF......Parliament meets Thursday, Saturday, Monday.......the end of the month Tuesday....Waiting until the last minute.......

Theoretically, I would assume the CBI will have to close out their books 1/31 and note the rate......Still, plenty of time....All IMO
....


Dinar Updates Tuesday Early AM Chat  1-24-17   Part 3 of 3

clay says to larrykn():just got to work
clay says to larrykn):when will I be able to retire
larrykn says to clay():very soon I pray :)
 
clay says to larrykn():oh man me too :)
dwsdad says():things r sure looking up around here
 
clay says to dwsdad():prayin brother
clay says to dwsdad():been way too long
dwsdad says():yeah...like 7 yrs for us
clay says to dwsdad():just about
 
clay says to dwsdad():thought it would be a month (lol)
dwsdad says():lol....yeah we were told it was going to happen in 2 weeks....7 yrs ago....
dwsdad says):lol
 
clay says to dwsdad():thats so right
dwsdad says):no way they were rteady back then
 ...


Dinar Updates Tuesday Early AM Chat  1-24-17   Part 2 of 3

larrykn says():"Amnesty amendments" excludes kidnappings and tolerate forgers of special grades
 
Author: Editor: 01/24/2017 00:06 Long-Presse / Baghdad  It confirmed parliamentary circles, yesterday, that the amendment will allow the new general amnesty to re-investigate the crimes committed before the fall of Mosul, as opposed to crimes committed after that date.
 
It considered the last paragraph of the reasons that led to change the perspective of the parliament to amend the law and discussing acceptance in principle after he was rejected in a previous session.
 
But the other parliamentary parties attributed the changing attitudes of some MPs from the Amnesty Law to the discovery of "dangerous" version that was voted on in September.
 
The new amendment to include counterfeiters rank of director general or above amnesties in exchange for raising the allowance condemnation to 50 thousand dinars for each day. And it excluded the new amendments kidnappings in all forms of the amnesty provisions.
 ...


Dinar Updates Tuesday Early AM Chat  1-24-17   Part 1 of 3

futuremoney says():kind of bummed that we are going to lose half our investments to spreads and taxes...but I kind of planned on that from the start anyway..lol
 
futuremoney says():looking forward to the research on the 1031...
 
larrykn says to MrsBGG():I believe the banks already know what they are going to do with the cashout, with all the people calling them I'm sure they have had meeting regaurding this event.
 
larrykn says to MrsBGG():atleast the larger banks
 
futuremoney says to larrykn():being the banks have begun to buy and sell dinar..I have to agree with you
 
larrykn says to futuremoney():I got a ? for you,,, we will have to deal with the spread but we can negotivate the fees right??
 ...


The below posts were in our 6pm newsletter

Ten Things To Know About 1031 Exchanges


Ten Things to Know About 1031 Exchanges
 
Tax nerds may be able to spout off Internal Revenue Code Sections, but most people never get beyond 401(k). (That's right, your workplace retirement savings plan is named after a section of the tax code.)

Still, Section 1031 is slowly making its way into daily conversation, bandied about by realtors, title companies, investors and soccer moms. Some people even insist on making it into a verb, a la FedEx , as in: "Let's 1031 that building for another." (While Section 1031 isn't restricted to real estate, that's clearly where most of the discussion takes place.)


So what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker) is a swap of one business or investment asset for another. Although most swaps are taxable as sales, if you come within 1031, you'll either have no tax or limited tax due at the time of the exchange.
 ...
Read More

Dinar Updates "A DU Conference Call - Info that Matters" w/ BGG and Loopster - from Monday 1/23/2017

Dinar Updates "A DU Conference Call - Info that Matters" w/ BGG and Loopster - Audio Player from Monday 1/23/2017

Dial in replay  641-715-3639   pin 528733#

( In Recaps Newsletter, click blue title for audio player. )

From DinarUpdates.com

56 Minute Call

Dinar Updates Monday Late PM Chat  1-23-17 

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Monday Late PM Chat  1-23-17   
 
Chat below is during and after BGG live call:  LINK TO LISTEN

jetset says():this is good info and a good explanation on what goes on with currency on the bank side of things!

BGG says():This stuff is GOLDEN info...
eman4u55 says():(y)

jetset says():you mentioned the bank commissions on the exchanges, i'd like to think that the one additional thing that could happen is that the specific banks would be open to taking a hit on their exchange costs in order to get your large deposit into their bank....
 
kind of like what realtors do in some cases by giving up by taking a cut on a commission in order to make the sale go through... with the number of dinar holders, i don't know if that is enough to promote cometition among the banks or if the volume is still small relatively speaking.
 ...
Read More

 
Notes From The Field  By Simon Black 

January 23, 2017   Sovereign Valley Farm, Chile

The US dollar is now overvalued against almost every currency in the world
 
In September 1986,  The Economist  weekly newspaper published its first-ever "Big Mac Index". 

It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. 

In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto. 

After all, no matter where in the world you buy one, a Big Mac generally consists of the same ingredients-- two all beef patties, special sauce, etc. 

A Big Mac currently sells for 49 pesos in Mexico, for example; at the current exchange rate, that's about $2.23 US dollars. 
...
Read More

AdminBill and WSOMN Members: "RV, GCR, Humanitarian Projects and more" 

WSOMN:

Angel:  Honestly, this is my concern, I don't know if I am wrong or right, but do you see them doing anything with the currencies considering that our Treasury Secretary is not yet in place and secondly his cabinet is not yet fully staffed. So I am thinking that we possiby could have a couple more weeks yet. Please, nobody sulk, I am just trying to reason this out like everyone else.

ADMINBILL:  ANGEL...THE PRESIDENT IS MOVING FORWARD...IT IS CALLED PROGRESS...THE DEMOCRATS CAN THROW UP THEIR ROAD BLOCKS BUT IN THE END WILL NOT WIN AND WILL LOOK FOOLISH...THEY HAD BETTER START THINKING ABOUT THE 2018 ELECTION OR THEY WILL TRULY BE A MINORITY...THINK COUNTRY FIRST FOR A CHANGE

Angel:  But as far as we are concerned, do we have to have the Treasury Sec. Steve Mnuchin in place for this GCR?
....
Read More

News, Rumors and Opinions Tuesday Morning 1-24-17

WSOMN:

ADMINBILL: GOOD MORNING TEAM ... WE ARE APPROACHING GOOD TIMES ... PERHAPS AS EARLY AS LATER IN THE WEEK BUT SURELY IMO NEXT WEEK

UtahGirl:  HELLO ADMIN! WHAT A GREAT WEEK IT WILL BE

ADMINBILL:  YES INDEED

GEG-Dinar:  Good morning AdminBill. So you are saying that we should have some form of change by February 1st? I sure hope you are correct.

Angel:  GM Admin, this is my first time asking a question. Regarding Pres. Trump's view on China and trade, do you think this will have any effect on the VND? in your opinion that is!!   Thank you.  

ADMINBILL:  ANGEL - GOOD QUESTION. I SERIOUSLY DOUBT IT. A STRONG VALUE FOR THE PRIMARY CURRENCIES INVOLVED WILL BE GOOD FOR THE REGIONS THEY REPRESENT INO.
....
Read More

The below posts were in our 10am Newsletter

Dinar Updates Monday PM Chat  1-23-17   Part 2 of 2

Post From Dinar Updates
Chat Room News Excerpts & Highlights


loop says():High degree of optimism about Iraq's credit rating
 
1/24/2017 0:00 BAGHDAD / Mustafa al - Hashimi to prove the role of the private sector should be more realistic in the economic process of Iraq has become the current stage requires for institutions and private sector companies on the credit rating proves its worth , along with all ministries and government departments including gives a clear picture of the investment environment,
 
especially in the reconstruction of liberated areas. Confirmed economic researcher Lubna al - Shammari importance of a credit rating of Iraq in conformity with its potential in its wealth management and be the degree of classification is very close to the reality of the country , including the public gives a true and correct to investors outlook foreigners.

...

Read More

Highlights From KTFA Monday Night CC 1-23-17  Part 2

SHOCK-AND-AWE #2


Did you know that the Iraqi Dinar currency had a gradual decrease when we entered into Iraq in 2003?

Around 2002 ... the IQD went down from 3.22 ... down to 2 ... down to 1 ... then down to program rate at 4,000 to 1.  It didn't decrease at the flip of a switch.

We froze the rate ... instantly ... because of the sanctions that were imposed back when Iraq and Iran were at war.

Gradual decrease to a gradual increase.

I believe they are telling us things BACKWARDS.

We don't know what their current rate is ... BINGO!!!!!!!!!!!!!!

Remember ... if I didn't want you to see where I was going ... I would walk backwards ...
with my heel first.  I would do this to confuse you ... and that is the middle eastern culture.  Simple as that.

....

Read More

Highlights From KTFA Monday Night CC 1-23-17  Part 1

KTFA:


FrostytheSnowman:  Here's tonight's HIGHLIGHTS ...

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice!  We offer NO DATE, NO RATE on this forum!!! ***

Frank26:  We have a new file to open with you tonight.

A lot has happened in the last 72 hours.

How much shall I share?

Do you want my opinion tonight family? 

No one on the internet is talking about this.

....

Read More

Dinar Updates Monday PM Chat  1-23-17   Part 1 of 2

Post From Dinar Updates
Chat Room News Excerpts & Highlights


(Robert Cook/Rcookie Obituary at end of Part 2)

 
Sunshine1 says to larrykn():Thanks for the article. I'm not sure we ever get "accurate and up to date" info on Mosul. As much as we would like it, I think they would be crazy to give out a lot of info. "Loose lips sink ships"
 
larrykn says to Sunshine1():you will never get real time events but we should see what they have done, imo
 
Alembic86 says to larrykn():Agreed...real time updates would cause problems. Probably the information we get is only 75% accurate at best. However, when they REALLY free Mosul we will probably see the celebration on social media before we get official confirmation. As long as it gets done, I'm good either way. :)
 
larrykn says to Alembic86():I agree :)

...

Read More

AdminBill and WSOMN Members Monday PM 1-23-17

WSOMN:


About 6:00 PM EST

ADMINBILL:  GOOD AFTERNOON - I JUST RECEIVED A PM FROM ONE OF OUR MEMBERS WHO SAID "From asking my Iraq friends here in town about the memo that have been sent to the embassies about raising the value of the dinar, 4 embassies been called and that turned to be not true, no memo were sent, and according to the news on various Arabic and Iraqi TV, taking back mosul is about months from now.

IT IS IMPORTANT THAT WE PAY ATTENTION TO ALL INFORMATION WHETHER IT IS GOOD, BAD OR INDIFFERENT.

I AM AWARE OF THE SOURCES I RECEIVE MY INFO FROM AND I AM CONFIDENT OF IT'S ACCURACY HOWEVER I WILL NOT DISCOUNT THOSE THAT GIVE ME INFORMATION.

I SEE NO REASON TO BELIEVE THIS NOT TRUE.

I TAKE THE  STAND POINT OF THE NEWS MEDIA, I BELIEVE ABSOLUTELY NOTHING BECAUSE IT IS WHAT THEY WANT US TO HEAR , WHICH MAY NOT BE ACCURATE INTENTIONALLY.

....

Read More