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Copyright 2016 - All Rights Reserved - DRT Distribution, LLC
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DR. CLARKE: "Holiday Quickie"........"Let those with Eyes - SEE, and those with ears - HEAR"
.......a handful of major banks in the U.S., suddenly and officially begin trading & exchanging the Iraq Dinar after Dec. 15th. Unofficially International? Why right now?
.......foreign currency exchange laws, suddenly changed & enacted, on the commercial business side of the house. Why right now?
........Iraq's new Fiscal year officially begins,
Jan. 1, 2017
.
........Vietnam's new Fiscal year official begins,
Jan. 1, 2017
.
Santa's BIG Question: "If you were going to pick a Date to shock & surprise the world, with one of the largest financial changes in history, that impacts and affects the entire world, by a very large degree.........AND THAT DATE NEEDED TO BE AT THE MOST INCONSPICUOUS, UNSUSPECTING, MOST ILLOGICAL, MOST QUIET, AND MOST UNLIKELY TIME POSSIBLE........would you choose Christmas Day -
December 25
or New Year's Eve -
December 31, 2016
?
Friends, tis the Season........of Major Endings, and New Beginnings.
PEACE Be Within You,
DR. CLARKE
P.S. "For Entertainment Purposes Only"......All in our politically incorrect, and unconventional opinion. Cya soon........the Nor'easter has one last big surge.
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DELTA:
Foreign currency guidance under section 987
On December 7, 2016, the Department of the Treasury (Treasury Department)
and the Internal Revenue Service (IRS) filed with the Federal Register Treasury
Decision 9795, which includes temporary regulations under §1.987-12T relating to the
recognition and deferral of foreign currency gain or loss under section 987 with respect
to a qualified business unit in connection with a deferral event or outbound loss event.
Section 1.987-12T(j)(1) provides that §1.987-12T generally applies to any deferral event
or outbound loss event that occurs on or after January 6, 2017. Under §1.987-12T(j)(2),
however, §1.987-12T also applies to any deferral event or outbound loss event that
occurs on or after December 7, 2016, if such deferral event or outbound loss event is
undertaken with a principal purpose of recognizing section 987 gain or loss.
....
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Emailed to Recaps:
Anonymous: My Citibank Story > Buying IQD & Getting Small Denoms
In the hopes of answering a few questions and/or helping other PTRers, I wanted to share my "successful" Citibank story...
After hearing the positive Citibank news over the weekend, on Monday I thought it might be a good time to set up a Citibank account (for post RV) and maybe order some IQD.
I walked into a local branch (not the biggest branch in the area, just the closest one to me), went to the teller window and said I wanted to order some foreign currency and open a basic checking account.
Since I didn't already have a Citibank account, I was instructed to open the account first with a banker then come back to the teller to order the foreign currency.
....
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Post From Dinar Updates Chat Room News Excerpts & Highlights
Dinar Updates Thursday Late PM Chat 12-22-16 Part 3 of 3
subgirl says():Good stop bank deposits and withdrawals of savings accounts
2016-12-22 10:52 {Baghdad: Euphrates news} good Bank announced Thursday, halting the deposits and withdrawals of savings accounts as of Sunday.
The Bank said in a statement, obtained by an agency {Euphrates news} "to allow employees of branches for application of the annual accounts, it will stop the deposits and withdrawals from savings accounts in all its branches".
"The suspension will be effective from Sunday till Monday fell on January 2nd of next year 2017", noting that "the Bank will be close to the last day and stop various banking transactions for customers with continued routine always all branches."
...
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday Late PM Chat 12-22-16 Part 2 of 3
loop says():Hakim leads the initiative to end the differences between Maliki and Sadr
Il Giornale BAGHDAD - The Journal News Leads the head of the National Alliance, Mr. Ammar al-Hakim, an initiative to end the differences between the Sadr movement and a coalition of state law, before releasing the document of national reconciliation.
The leader of the Supreme Council Ammar al-Taie in a press statement on Thursday that there are differences between the Sadrists and the rule of law float on the street for a long time, adding that those differences do not serve the current situation in Iraq in conjunction with the release of the document of national reconciliation.
He noted that the document will be launched after the end of the battle of Mosul, indicating that the head of the National Alliance, and since his accession to the presidency of the coalition seeking to be there to pick up the situation inside the house in the Shiite National Alliance, as well as between other political blocs.
...
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday Late PM Chat 12-22-16 Part 1 of 3
loop says():70 terrorists killed, including 20 leaders of the "Daesh" airstrike in Nineveh
Security Number of Views: 68 22/12/2016 12:34
The Ministry of Defence, on Thursday, killing all 70 component of "Daesh" gangs, including 20 leaders of aerial bombing in the province of Nineveh, as pointed to the destruction of the warehouse for the storage of weapons and booby-trapping wheels plant in Anbar.
The ministry said in a statement that "the leadership of the Air Force and based on accurate intelligence struck a gathering of terrorists Daesh south Tel Abth hand, which lies 10 kilometers from the cuts, which resulted in the killing of a leading Bdaash 20 and 50 to protect them."
...
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12/23/2016
KTFA:
EHankins: FRANK OR ANYONE WHO KNOWS:
I'M SURE THIS TOPIC HAS BEEN TAUGHT HERE BUT.....I OBVIOUSLY MISSED IT. MY QUESTION IS WHO OR WHAT DRIVES THE OIL PRICES OR WHO REGULATES THE OIL PRICES WE SEE ON BRENT.
IT SEEMS TO ME THAT SINCE THE BUDGET IS SET, SIGNED AND WILL BE DELIVERED ON THE 31ST OF DECEMBER IT MUST BE THAT THE BUDGET IS CREATED TO MATCH THE COMING OIL PRICES AND ARE HAND IN HAND AND ROLLS OUT IN PERFECT ORDER.
I REMEMBER FRANK SAYING THAT EVERYTHING IS (NOT QUOTING) PUT TOGETHER PERFECTLY DOWN TO THE PENNY. DOES IRAQ CONTROL THE PRICE OF THEIR OIL EVEN TO BRENT?
DOES IRAQ KNOW AHEAD OF TIME WHAT THE PRICE OF OIL WILL BE AT ANY POINT IN TIME?
....
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MY APOLOGIES TO ALL THAT MISSED THE CALL, I HAD NO IDEA THERE WAS SUCH A LARGE INTEREST UNTIL I LOGGED INTO MY EMAIL THIS MORNING AND THAT IS WHY I DID NOT SEND THE CALL INFO TO RECAPS....AGAIN SORRY
WE WILL DO ANOTHER CALL BETWEEN CHRISTMAS AND NEW YEARS SO PLEASE SUBSCRIBE TO OUR YOUTUBE CHANNEL OR YOU CAN HAVE THE ML BLOG SENT RIGHT TO YOUR EMAIL IF YOU WANT http://www.myladies.co/
HERE IS THE CALL BACK NUMBER TO THE CALL 712-775-7039 PIN 637708#
I'VE BEEN TOLD THE VIDEO HAS STATIC, SO AGAIN I APOLOGIZE DOING THESE CALLS LIVE IS A WORK IN PROGRESS.
RECAPS THANK YOU FOR POSTING THE CALL INFO NEXT TIME I WILL BE SURE YOU HAVE IT WAY IN ADVANCE.
LOVE TO ALL.............MY LADIES
(
YouTube player is below)
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The below posts were in our 10am Newsletter
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David John Marotta The capital gains tax is economically senseless. The tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty. Multiple ways are available to avoid the tax, but none are beneficial to the economy. Here are 14 of the loopholes the government's gain tax unintentionally incentivizes. 1. Match losses. Investors can realize losses to offset and cancel their gains for a particular year. Savvy investors harvest capital losses as they occur and then use them on current and future taxes. Up to $3,000 of excess losses not used to cancel gains can offset ordinary income. The remainder of the loss can be stored and carried forward indefinitely. This encourages investors to sell great investment vehicles during a temporary dip only to buy them back again 30 days later for a new cost basis. ...
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Bruce: There is a lot going on out west. Out west been a beehive of activity 24/7, around the clock. The subgroups, Tier 3 are almost complete. They have a few hundred participants to go at this time. Let us call it several hundred left. Those are being worked around the clock now.
They have an estimate completion time for noon tomorrow Standard Pacific time. Are we supposed to start when that ends? Possibly yes. We can't guarantee that though. Is that our start time? I mean notification by way of the 800 number and then the appointment setting for us? We will see. Maybe this will happen before Christmas if that is the case, but the banks are closed on Monday you may say. Yes they are.
One thing we got to remember is that there are redemption centers and banks. Those of us who use the toll free number to set our appointments will be going into the redemption centers. We have approximately 6800 redemption centers in the United States and Canada. That is a lot. We have plenty of redemption centers. The redemption centers are supposed to be open until 6pm Christmas Eve. A lot could happen between now and 6pm Christmas Eve. Will they be open Christmas day? I hope not. Will they start back up on Monday? Could be so. I don't know that. That is a question mark right now. It is very doable that if we get the start, we could start before Christmas.
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Post From Dinar Updates Chat Room News Excerpts & Highlights
david334 says to _firefly_():New rate and lower denoms has to drive customers into banks breakdown larger notes for day to day transactions. clay01 says to david334():(y) _firefly_ says):through the promotion of citizen's confidence in the Iraqi currency being the currency solid and backed with Iraq enhanced Iraq's central bank and is backed with metal gold, _firefly_ says():through the promotion of citizen's confidence in the Iraqi currency being the currency solid and backed with Iraq enhanced Iraq's central bank and is backed with metal gold, _firefly_ says():Basel 3 compliance? david334 says to clay01():8-|I am starting to get it. Rocket Science is my hbby ...
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Post From Dinar Updates Chat Room News Excerpts & Highlights
_firefly_ says to david334():And not to apply the strategies drawn up by the committees and bodies advisers in the Cabinet and in collaboration with the UN and international organizations, of which there were up to 16 strategy have not been put into practice as they are not supporting the days of financial abundance of oil revenues, and not to go towards building a secure infrastructure sponsoring and supporting institutions Iraqi economy and Iraq enter into agreements and contracts for the long - term aim of developing the oil industry, but the reality of the situation confirms the great damage they would have these contracts, for example licensing rounds decades, a service contract? How to be a service contract and duration of 20 years? And given how the oil - producing fields , one of the most important fields of Iraq to foreign companies? And why Iraq has signed contracts was originally does not suffer at the time of under funding? ...
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Post From Dinar Updates Chat Room News Excerpts & Highlights
_firefly_ says():World Bank Approves $1.4b for Iraq WB Approves $1.4b for IraqThursday, December 22, 2016 The World Bank announced an additional $1.5 billion aid package for Iraq, to help the war-torn country implement reforms, improve public services and boost its economy, AFP reported. The package includes loan guarantees from the UK for about $372 million, and from Canada for about $72 million. "Despite an ongoing war and low oil prices, Iraq is undertaking bold transformational reforms that will safeguard economic stability and lay the foundations for longer term private sector development and inclusive growth for all Iraqis," said Ferid Belhaj, World Bank director for the Middle East. The reforms also will help to expand social safety nets "to reach the most vulnerable segments of the population," he said in a statement. The bank also approved $41.5 million for a program to improve management of the country's public funds. With the new package, the World Bank engagement in Iraq rises to nearly $3.4 billion, including support for reconstruction of areas ...
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The below posts were in our 10pm Newsletter
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HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING
9 EST My Ladies
HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING AND WHY???
WHAT ARE WE SEEING TAKING PLACE AROUND THE GLOBE?
BELOW IS JUST A SMALL SAMPLING OF RE-DENOMINATIONS THAT ARE TAKING PLACE. WHAT IS THE COMMON DENOMINATOR PROBLEM AMONG THESE COUNTRIES?
www.youtube.com/watch
CALL 712-775-7035 AND THE PIN IS 637708#
....
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KTFA:
Molson88: Was I the only one who caught this line in the conference call last night?
Frank26: Quote" What is our time-study?
Dec 20th to Dec. 26th.
Today is Wednesday ... then Thursday ... nah.
But then there is Friday into Saturday ... Oh buddy
Then there is Sat into Sunday ... TA DA!
Again ... there will be no fanfare ... but you will be able to see the rate ... in any time zone after 2PM
I'd like to say that IOO ... the budget was signed ... and you're going to see the budget ACTIVE on December 31, 2016!!!!
This week is an interesting week."
Molson88: Specifically the bigger/boldened text above...I am not fishing for a date or rate or anything but it just struck me as peculiar that Frank would mention this (after 2pm in any time zone) and I have not seen it talked about yet...Maybe it isn't that important to even mention. Like I said, it struck me as peculiar that he would mention this, and I know he says and does everything with a purpose.
....
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Copyright © 2016 - All Rights Reserved - DRT Distribution, LLC
DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter or Facebook account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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