2-13-2021 Intel Guru Frank26 Question: “Will it [exchanging Iraqi dinar] be a taxable even?” Have you ever made money where it’s not taxable? So please don’t lie to yourself. Don’t try to fool yourself. “This is not a table event.” Really? You’re gonna make a profit and Uncle Sam is gonna be like I didn’t see that? …our treasury knows exactly how many dinars you have…it is a taxable event…It’s going to be capital gains tax. If Biden has anything to do with it it will be about 45%. And then you have the spread to deal with and bank fees and everything else. You might end up with about 40%…with Trump it [tax rate] would have been about 15% and probably no higher than about 35%…
2-13-2021 Newshound/Intel Guru Mnt Goat I have told everyone so many times already that the VERY BEST time for the CBI too reinstate the dinar is at the beginning of a new fiscal year. The fiscal year begins in January. They have no plans to change the fiscal year to April… The new budget is not yet passed and opened to spend and so this is not yet over and there is still time that we might see something from all this. The CBI must now coordinate with the finance ministry on the auditing process to ensure they too are all set to go.
2-12-2021 Intel Guru Bruce [via WiserNow] …things are getting kind of tight and quiet…lot of people are under gag orders …we were able to glean some information today which was very helpful…I think we might want to keep a close eye on the weekend and also early next week…Rates are not a question…not a problem… everything is good as far as that goes – I would just say we’re very very very close… and it’s finally coming to fruition…we have a 3 day weekend coming up…President’s Day on Monday and banks will be closed – It does not mean that you could not get notified however…we will see what happens over the weekend and we should be in good shape for early next week… We have to know that this is going to be released when everyone feels that the security is where it needs to be…This could be a really good weekend for us and early next week…
2-12-2021 Intel Guru Frank26 Article: “Expert: The Formation of the Committee For Economic Reform Will Begin To Restructure The Iraqi Economy”. Quote: “The formation of a reform committee by the prime minister is an unprecedented step and an operational aspect of the white paper and thus the beginning of structuring the Iraqi economy.” I like it a lot.
2-12-2021 Intel Guru MarkZ [via PDK] …more whales are being pushed to be ready to travel this weekend. They have not been told to travel yet…just to have their currency ready…everything prepared…ready to travel. Even Iraq has been quiet since yesterday morning…they are positioned for (what we expect) to be a ground breaking vote as they finish everything necessary for their budget.
2-12-2021 Intel Guru MarkZ [via PDK] This is a weekend where everyone is sitting at the edge of their seats…but manage your expectations. We do not control the timing…what we do know is everyone needs to be ready when it does. Everyone on the banking side needs to be ready at the drop of a hat to pull everything off in a timely manner. It’s like being a fireman…hurry up and wait…That is where we are at…everyone is prepared and ready.
2-12-2021 Intel Guru Frank26 What do we do when it’s time to exchange? You’ve got to know when to hold’m and when to let go of them. I wish you well in that because some people are going to rush like crazy to exchange. I’m not. Ever see a stampede? There’s some serious damage. I’m gonna wait till the dust clears. I want to see what banks are doing as the days and weeks go by.
2-12-2021 Newshound/Intel Guru Mnt Goat The finance ministry is telling us that they expect to pass the final 2021 budget this Saturday or Sunday. It is a two-year budget. Kurdistan is the holdup but as usual, they will work out negotiations with them and will need a few days to do so. Even if all goes well with the Kurds, don’t expect a reinstatement the next day…Instead relax and know it is coming soon and you will probably not have to wait until the year 2022.
2-12-2021 Intel Guru Texas Snake [Exchange centers or banks?] …The exchange centers I know are manned by banks…either WF, BOA, Chase ect…. The banker I am dealing with is in charge of Texas and 4 other states …He has everyone in all the locations he is involved with trained and capable of doing exchanging.