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Post From Dinar Updates
Chat Room News Excerpts & Highlights
MadDScout and Co.News Time - Tuesday, January 24, 2017
tarrog1 says():i have a question regarding the 1 dinar is still only worth 1 dinar in iraq. Lets say for example an iraqi has a 25k iqd note under his mattress. If the iqd rv'd at a buck and the priceson the shop shelves came down accordingly then wouldn't that iraqi citizen all of a sudden have the equivalent of $25000 spending power at the supermarket? So he would be alot better off?
loop says to tarrog1():Correct. Their standard of living will be much better.
tarrog1 says():so the iraqi citizen would become quite wealthy at least until he spends it all?
loop says to tarrog1():He will be able to purchase more with the dinar that he has.
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WSOMN:
ADMINBILL: GOOD MORNING EARLY BIRDS....BASED ON THE NEWS LAST NIGHT I AM EXPECTING GOOD THINGS TO START HAPPENING THIS WEEK END AND MOVE INTO NEXT WEEK.
IT MAY BE THE INTERNET GROUPS BEGIN NEXT WEEK BUT I DO NOT HAVE ANYTHING FIRM.
IT COULD BE THIS WEEKEND AS WELL. I SPECULATE BASED UPON WHAT I HAVE BEEN TOLD.
HEARING WHAT APPEAR TO BE GROUP APPOINTMENTS STARTING THIS WEEKEND
AZGirl: BREAKING: DOW HITS 20,000 FOR THE FIRST TIME EVER per CNBC
Emon: WOW!!! DOW 20033!!!!
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THE BIG CALL WITH BRUCE TUESDAY, JANUARY 24, 2017, INTEL ONLY
TRANSCRIBED BY PINKROSES
Bruce: Welcome everybody to the Big Call. Thank you for your faithfulness in tuning in to this conference call. Some listen to the replay link, and most listen live. Here is a big welcome to those Internationally, United States, Canada, Mexico, all the listening audience. We had more people in the financial world from international destinations contact us for the call last week in numbers than from the United States and Canada combined. We had 1025 in the financial world request those numbers last week. Maybe have similar situation tonight.
Bruce: We are at an interesting point in this adventure of this currency ride. For 12 years on this ride in my case and fewer for others. The Intel has been coming in bits and pieces but really good information. Where I thought we would have this by today, we have not yet. Let us go through and piece together what Sue and I do. Let's take this Intel and discern the truth of what we are hearing. Some things I go well that resonates with me and other information I throw out. As you know, I work by memory and I don't write this down. So some information gets left out occasionally.
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The below posts were in our 10pm Newsletter
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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."
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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.
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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
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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
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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.
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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??
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The below posts were in our 6pm newsletter
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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.
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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
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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.
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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.
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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?
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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.
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