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6pm, March 8th, 2013   

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BondLady & Member Chat - Post From BondLadys Corner
7pm (ET) Friday Evening Pastor Ed's International Prayer Call
Frank26 Tidbit from KTFA Forum Friday Afternoon
I4U Members Chat, Thoughts, and Opinions Friday PM
OCrush and SteveI Updates Friday From PeoplesDinar Forum
Friday Morning Dinar Chatter
Short SteveI Post from PeoplesDinar Forum Fri. AM
News, Rumors, and Opinions in Dinarland Friday AM
The below posts were in our 10am newsletter
Eagle1 Opinion from KTFA Forum Early Friday AM
The IQD Team Connection with LJ~~Replay Conf Call Thur March 7~~Latest Iraq Dinar RV News
Investment Related Taxes Info - Post From Yahoo Finance
BWM at 3S's The Iraqi Budget Thursday Evening
Late Thursday Night Dinar Chatter
The below posts were in our 10pm newsletter
Foreign Currency Laws - Penalties & Risk Information
2013 Investment Climate Statement - Iraq -- U.S. DEPARTMENT of STATE Report
Frank26 Update from KTFA Forum Thursday Night
Comment left at Recaps Comment Section by REE_CHARD about taxation of a currency exchange
More SteveI and PD Member Tidbits Thursday Evening
ChatWimp Opinion on Currency Exchange and Taxes at MIG Forum Thurs.PM
© Copyright DRT Distribution, LLC All Rights Reserved


[tlm724] MP for the coalition of state law, were part of the National Alliance, Abdul Salam al-Maliki, said that "the option of majority is the only option that will work it blocks that fall in the National Alliance with its partners to adopt all the laws, passed after the budget 2013.
" Maliki said in a statement received by the agency Ambassador News copy Friday,

"The National Alliance, after his success in passing the budget majority with its partners away from the political consensus that disrupted the work of Parliament and delayed approval of a lot of laws, will spend this approach to ensure reroutes the political process ".

He added that "to achieve a majority in parliament is the first step for the government majority demanded by repeatedly to cancel the test compatibility, which has shown its failure fully during the last period, whether in the government or the House of Representatives, where he became a choice today political majority is the basis to pass important laws and service
...

International prayer call tonight 7pm est

530-881-1400 406878#
530-881-1499 406878# recorded version, after the call

The prayer warriors on this call appreciate all the folks that need prayer, it is our pleasure to bring in the touch of the Holy Spirit to help you. We luv to see Gods hand moving and perform miracles. For our God is still in the miracle healing business.

God Bless
Pastors Ed & Kat

Many thanks to Dinarrecaps for their helping hand.

PS. Prayer call will still be here after RV, Mon, Wed and Fridays same time. Healing conference & impartation after RV send email to pastorBlais@yahoo.com for details.

sluggo wrote on March 8th, 2013, 10:32 am: Frank, are there anything in your studies or cooking that would indicate the RV/RI going past mid year 2013? I am curious because on this journey it seems that over the years there were so many things in hindsight that had to happen. Thanks,

Frank26: Let me put it this way........... In the last 10 years I have been with the IQD .......... This is the first year I have seen mandates to lift the value become a reality with the GOI. CBI has been waiting for this progress ........... Like You and I for such a long time.

Dream ........... But do not let this investment become a nightmare for You and Yours Friend.

KTFA, Frank

....

[weathernut] Everyone remember this today: novemberwhiskey said there would be negative comments come out on the chats, so keep the faith that we are really close!!!! Love you all!!!

[Robertprofessor] Jester Many moving pieces, many set pieces, but I guess the biggest question everyone (including you) wants to know is how many more pieces need to click into place?

[Jester] Robertprofessor i think a matter of timing...

[spiritfilled] Jester somebody posted earlier that someone at PTR said O had stopped it...smoke IMO

[Jester] spiritfilled not sure if that is 100% smoke... assessing the puppets actions to the puppeteers may be more accurate...

[treasure4e] Jester now you may have said a mouth full there

[sailman] A couple of days ago we had a WARNING post about the possibility of MOLES coming in with real SMOKE to try and get us to sell back our Dinar -- possibly even in the media --- be very wary folks --- just be PATIENT :))))

[Jester] lets assume there is/ was ultimatum.... get it done... this has been reported from CL and others... right?

[gdsgrl21] Jester Right...
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OCRUSH MARCH 8TH

Hello Steve, Ray, Mods and All,

We were busy this morning reviewing the budget and scanning through Kurdish Media (his end).

Now, we see the Kurds are threatening to take and dispute some of the articles in the CG's passed budget. The one thing we noticed, the media is not telling us this will be observed by the Federal court. The passed budget already has provisions put in it for audits. Let us show you.

If you read Article 9 section 2 the Kurds will recieve 17% for expenditures. This is a straight up 17%.

Now if you read section 3 under Article 9 it excludes payments for there house of reps, CoM, ministry of defense and so on....it's all spelled out.

Now if you read Article 9 section 4 it states what needs to be done (increase or decrease) ( add or reduce) after they take under account items 2 and 3 under Article 9. This responsibility falls under the Federal Ministry of Finance. They will audit and calculate openly with the Federal Office of Financial Supervision.
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Papa Bear] CL in Jordon BIG meeting

[BOBGETZ6] Papa Bear Hope she gets something accomplished.

[BOBGETZ6] I am of the opinion that no matter what she trys to do, the bigger boys above ignore and stall.

[drl] BOBGETZ6 We are waiting for the"Tall" Lady to Sing1 LOL

[Papa Bear] MY ears are open. Does anyone besides me find it interesting $ so strong today. Yes I know unemployment 7.7% and 236000 jobs thats what I do. OTHER?

[BOBGETZ6] Papa Bear The understanding of why the dollar moves one way or another, is way above my pay grade. Thats why I call you.

[Papa Bear] Never think CL is not one of the 2 STONGEST woman in the world

[novemberwhiskey] golferiam budget numbers would be adjusted to the new rate.

[BOBGETZ6] Papa Bear I agree, but there is something missing in the puzzle, IMO.

[duffy2] CL in Ireland today and I read her speech. She really gets around. She said nothing about Rv or Global Reset of Currencies or anything of that nature.

[golferiam] novemberwhiskey If you mean after the RV...I agree
....
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Question from PD: Isn't the CBI closed today for their religious day? Although that didn't stop me from checking.... twice.

SteveI: Yes, holy day. OK, I will confess, I peeked twice also and saw the update was still 07.03.2013 and then remembered I would not be getting anywhere fast with the holiday.

By the way, Ray is working on one of his contacts in the upper levels of the CBI for a few hints. Personally, I feel this will be over maybe this weekend or the first of the week. Just a gut feeling. I am not calling it so lets get that straight now. Just a gut feeling as they are hurting so bad.

Another reason, Rays guys said yesterday that no one got their money loaded on there smart cards since March 1st. So, just maybe, we are closer than we think. I will keep you updated.

Blessings, Steve
....


[Digs] Iraq Budget Deepens Dispute Over Kurdish Oil Revenues Read more: http://www.foxbusiness.com/news/2013/03/08/iraq-budget-deepens-dispute-over-kurdish-oil-revenues/#ixzz2MxQB2bhS

[Digs] AMMAN, Jordan--The Iraqi parliament Thursday passed a budget for 2013 that allocated to Kurdistan just a fraction of the oil revenue requested by the semi-autonomous region, a move that deepens a dispute that has disrupted oil exports from the north of the country. Read more: http://www.foxbusiness.com/index.html

[Digs] AMMAN, Jordan--The Iraqi parliament Thursday passed a budget for 2013 that allocated to Kurdistan just a fraction of the oil revenue requested by the semi-autonomous region, a move that deepens a dispute that has disrupted oil exports from the north of the country. Read more: www.foxbusiness.com

[Digs] The parliament agreed that the Iraqi central government should make $650 million in payments to the Kurdish government, which would be used to pay companies operating in the region for oil exports, said Ibrahim al-Mutlaq, a member of the parliamentary finance committee. The Kurdish government had asked for $3.5 billion, he said. Read more:
....
Read More
The below posts were in our 10am newsletter

 

Bill A wrote on March 7th, 2013, 10:31 pm:   Hi Frank,
Would it make sense that the UN operational rates update due on March 15th could fall within this currency basket revaluation? Ultimately, RV with rate since budget is passed.

I am curious if this currency basket revaluation would stay on target with the dates on UN operational rates or perhaps just come out as a surprise.
What do you think Frank or Delta or Eagle 1?


Eagle1 wrote on March 8th, 2013, 1:44 am:

Good Evening, Bill:   After reading the various posts on the forum tonight and seeing a lot of confusion over the basket of currencies, as well as the expected devaluation of the USD, it appears that I need to try and clear things up a bit.

As we know, there are 15 currencies that are expected to restructure (and I use that word advisedly) in the coming days and weeks. Could they revalue and devalue (depending on the currency) the entire basket in one day? They could, but in my honest opinion, that is highly unlikely. If you study the historical pattern of currency changes, and the ongoing GCR we've seen since the first of the year, you see first a major currency revaluation, followed quickly by a pair of currency devaluations, followed by another currency revaluation, followed by a couple more currency devaluations.

There is a careful balancing act taking place in order to avoid too great a shock to the world economic system at one time. We are watching the USD increase in value during the current cycle.
....


 

The IQD Team Connection with LJ from LJ's Next Step Team
Straight Talkin Mike, LJ, Diana & Debbie
Investigate, Question & Deliver
Thursday, March 7, 2013
Replay of Conference Call

Conference Call Replay - March 7, 2013
Download/Playback
or
760-569-7699   Pin 769478#

ONCE AGAIN...... 
Another Great Round Table Discussion
Last Night With:
Straight Talkin' Mike & L.J. of L.J.'s Next Step Team
THE IQD Team Connection
MUST LISTEN TO CALL...

Please listen to the replay in its entirety for all the
latest CBI, Economy and Government News from Iraq


The I.Q.D. Team Connection News Coverage
for Thursday, March 7, 2013



 

Picture
Investment-Related Taxes: Must-Knows for 2013    
By Christine Benz | Morningstar -

As 2012 wound down, fairly decent-sized tax hikes loomed for 2013, and tax-savvy investors and their advisors were scrambling. Dividends were set to once again be taxed at ordinary income tax rates, long-term capital gains were to jump to 20%, and estates of more than $1 million would be taxable at a 55% rate.

In the end, however, the changes that did pass through Congress were much more modest; few individuals will have to completely rework their financial plans to avoid much higher tax bills next year.

That said, tax matters is one of the few categories that investors have a fair amount of control over:

Maximizing tax-sheltered accounts, putting the right types of assets in tax-sheltered and taxable accounts, and properly sequencing withdrawals in retirement can all help improve your aftertax returns.

 Here's an overview of some of the key tax-related changes that are taking effect with the 2013 tax year; note that I've focused on those that intersect in some fashion with your investment plan.
...


 

[BWM]  ok so conversing about the budget...

[BWM]  key word that I had explained repeatedly in regards to the budget was SEE... We've heard the budget was passed... Now it has to be ratified and published

[BWM] there are differing opinions on whether the president or maliki has to sign it before it can be published in the gazette...

[BWM] also the finance minister (who supposedly resigned a short time ago) has to review the process

 [beachdreaming] BWM what does it mean to be ratified and published?

 [BWM] now the process has somewhat of a ticking clock on it... Are also considerations that could create issues... I.e.: no signature being the biggest.

[BWM] so where does that leave us? Still at the same place we were... Nothing is official until it's ratified and published... Now the other consideration that ppl don't understand... The numbers seem low because the shared oil revenue is NOT included in the budget numbers... How do we know this? Because the Kurds asked for 4 trillion dollars to pay the contractorsthey received 750 Billion (numbers in dinar) so if their budget roams around 119B you can see that the other oil revenue isn't included
,,


 

Precious] REMINDER::::: This Sunday March 10th is Daylight Savings Time..lose one hours of sleep

[weathernut] nolaspice. It's the calm before the rv storm!

 [Shuttles] gtabdinar Hi Any news that you can share with us ??

 [gtabdinar] Shuttles I like what weathenut just said above....how's that?!?!?!   wish I had more I could share....justa' waitin' like the rest of us.

[Shuttles] gtabdinar I have a deep seated feeling that all in +ive...seems to be too much unidirectional intel to be wrong...call a sixth sense...good vibes...

BLESSME] Gtabdinar hi any good news to share ?

gtabdinar] BLESSME Nuttin' specific. But I do like the near future. I know that sux....and I know we all would l o v e to have something to chew on.....but I just HATE putting specific dates/rates and times on this stoopid thing. We can only look at what they puzzle "may" look like. I wish I had more.

[raven]  we must be real close
....


The below posts were in our 10pm newsletter

Picture
This is Part 2 of our Introduction Into Foreign Currency which covers laws - violations - penalties - risk factors - managing & minimizing risk factors - Parts 1 & 3 are listed at the end with links

We sincerely hope you enjoy the added feature of more informative posts directly and indirectly related to our investment

Comments are encouraged and will be available for viewing upon approval - Recaps Team



Foreign Exchange Transaction Laws
By Jeffery Keilholtz,

Foreign exchange is a money transfer from one form of currency to another. Foreign exchange transaction laws are a device for keeping foreign currencies accessible and acceptable to nations participating in the world market. Laws determine how rates are "fixed," the differences between bilateral and trade-weighted exchange rates and penalties for law violation.
...

http://www.state.gov/e/eb/rls/othr/ics/2013/204661.htm

2013 Investment Climate Statement
Bureau of Economic and Business Affairs
February 2013
Report


Openness to Foreign Investment

Investors in Iraq face both tremendous opportunities and significant challenges. After decades of oil-driven statist economic policy, followed by years of conflict and instability, the Government of Iraq (GOI) seeks to identify and promote policies to strengthen the country's small private sector, create jobs for its citizens, and spur economic development. Owing to increased petroleum production for export, Iraq's economy grew by approximately 10 percent in 2012, as it did the prior year, making it one of the fastest growing economies in the world. Iraq has 143 billion barrels of proven oil reserves, the second-largest in OPEC, and oil exports now stand at their highest level in 30 years. While oil generated over 90 percent of government revenue in 2011, the petroleum sector accounts for only one percent of Iraqi employment. The GOI is seeking to diversify Iraq's economy to create jobs for its labor force. Official statistics place unemployment at around 17 percent, but the actual rate is likely much higher, factoring in underemployment and discouraged job seekers.

Potential investors remain concerned about security, but are now more likely to cite regulatory hindrances, difficulties working out financing arrangements, and other practical barriers to doing business ranging from corruption to bureaucratic red tape to electric power shortages. Sectarian violence and acts of terrorism continued in 2012, but in lower numbers than during the 2009-2010 period. In 2011, foreign firms and investors reported over $55 billion in investments, service contracts, and other commercial activities across Iraq, according to private consultants. This activity amounted to an increase of 80.4 percent over 2010, while total deal value increased by 40.3 percent. The International Trade Centre (ITC) - a joint venture of the United Nations and the World Trade Organization (http://www.intracen.org/country/iraq) - estimated that Iraq attracted over $1.6 billion of foreign direct investment (FDI) inflows in 2011 (the most recent statistics available), representing an increase of approximately 52 percent since 2007.
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Greetings Family..........

For those of you that are reading this at another forum besides www.ktfalways.com .......the odds are you will not understand. I have seen how my postings are butchered once copied and pasted away from its original home. I wish you well and God's Speed.

KTFALWAYS FAMILY............a great portion of you come to my CC's ......take notes and then take it to God in prayer. I thank you kindly for doing this. I also want to thank our entire TEAM for what they did last night on my thread. Kudos to all KTFA STAFF for their devoted help on our forum. So......if you have been taking precise notes then you have come to realize that we have been on target with all but one thing. I even apologized for it on Monday. I told you we would see the budget in February.........but it looks like I missed it by 7 days........again my sincere apologies

But everything else that we have given you since August concerning T.........S...........M.........masked to unmasked...........B and the Kurds all the way up to March 1st has been successful. Then..........there was last night's CC that even AZPROF said was a perfect explanation of what would happen today. That even a 1st grader would have understood it. That's because I opened up many files that we have kept closed
....
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NOTE: Dinar Recaps posts this for informational purposes only.
Everyone should seek their own legal and/or tax professionals advice.


REE_CHARD said:

Below is from a quick search , and really needs to addressed by each individual , do not make a move based on what someone on these forums tell you . Make sure you know for yourself . Based on this , the above stated is not true , and it is considered a capital gains tax and is taxable over 200.00 dollars . You should not trust information you heard , you should only provide information that is researched and backed up .

The income from currency exchange is your taxable income and is reported as capital gain - long or short term depending how long you held the foreign currency - more or less than a year.

the below quote is directly from IRS Publication 525, page 30

http://www.irs.gov/pub/irs-pdf/p525.pdf
Foreign currency transactions. If you have a gain on a personal foreign currency transaction because of changes in exchange rates, you do not have to include that gain in your income un­less it is more than $200. If the gain is more than $200, report it as a capital gain.

newgm, on 07 Mar 2013 - 16:09, said:

Here is a little math some might be looking for. When you see the value compared to the UDS.

1 USD = .293 IQD Will mean $3.41

1 USD = .292 IQD Will mean $3.42

1 USD = .2891 IQD Will mean $3.45

I stopped these at the second decimal point.

Please correct me if I'm wrong?

SteveI: Ray and I played with this yesterday and it is exactly as he told me. That is the number I am looking for on the CBI website. Thanks for sharing this for all to see.

Blessings, Steve

Starshine: For simplicity: 1 USD divided by 3.48 = .2874 IQD
....
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(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)

Chat Wimp:This seems to fit in with some of my earlier research into exchanging currencies. Currencies are "likes". The exchange of "likes" is NOT a "taxable event", however, the "matrix" is everywhere and riddled with hidden snares that sometimes catch even the most "wily" of "critters".

Subject: Currency exchange and taxes

Date: Wednesday, March 6, 2013, 11:58 PM

Subject: US State Dept Quote on Currency Exchange Taxes & RV Update
Date: March 5, 2013 7:24:36 PM EST

In discussion of taxes on this currency exchange, it may be wise to pass this US State Department report on to your CPA or Tax Lawyer for their assessment of your individual situation. Michael U.S. Department of State 2013 Investment Climate Statement Bureau of Economic and Business Affairs February 2013 Report

(This is just one SECTION. This document is a long and informative read.)

Currency Conversion and Transfer Policies (LOOK FOR THIS SECTION)
....
Read More


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