A MUST READ
Tony ***** I just heard O. on HLN say "...Global Financial Systems have been stabilized..." He said
this within the 1st minute. Our top dogs said the RV couldn't go till he spoke, and this must have been
it!!!! YowwwZaaaa!!!! Andi
Tony ***** I just heard O. on HLN say "...Global Financial Systems have been stabilized..." He said
this within the 1st minute. Our top dogs said the RV couldn't go till he spoke, and this must have been
it!!!! YowwwZaaaa!!!! Andi
If you ever wanted to know the real story of what has happened and what is happening, then this is a must read. If you are not
interested, please do not take the time.
interested, please do not take the time.
What is the Basis of This Currency Reset?
A few weeks back there was a You Tube video posted on the Golden Age of Gaia by Bix Weir mentioning the elimination of worldwide debt. The real basis of the interview was the coming currency collapse.
All of the G8 countries (U.S, Canada, France, Great Britain, Germany, Italy, Russia, and Japan) have fiat currencies, meaning there is nothing backing them up but the good faith of the government. We know how good that has been; most of them are bankrupt.
The Federal Reserve in the U.S. can print money at will and put it into circulation at any time. They’ve been doing this by the trillions for the last few years, it’s obvious they think money can grow on trees as they can just print up whatever they want whenever they want.
This normally causes a huge cycle of inflation, devaluing of currencies, and leads to a collapse.
Every fiat currency in the history of the modern world has eventually collapsed and all of the G8 countries are currently in debt beyond their ability to recover.
They are all theoretically bankrupt beyond their ability to pay back their debt, meaning it’s only a matter of time before their currencies collapse. This printing of trillions is just kicking the can of collapse down the road.
Bix stated we are on track for this collapse in the next 2 to 4 months. The collapsing currency also eliminates all debt as money has become worthless. He stated we are on a path of two choices, currency collapse or a global currency reset backed by commodity assets. One is inevitable (the collapse) if we do not do the other (the reset).
It is reported the private group banker rate is going to be the best. In fact many are implying the street rate could be the lower $3.47 while the private rate may be as high as $23.50. But, this is still all speculation…..everything will be negotiated.
Why? The China oil credit issue. The currency you exchange at a bank will go directly to Iraq and not to China. The private group exchange goes directly to China and they use it to purchase the discounted oil.
Wells Fargo bank is working as the independent broker for the group.
Why? The China oil credit issue. The currency you exchange at a bank will go directly to Iraq and not to China. The private group exchange goes directly to China and they use it to purchase the discounted oil.
Wells Fargo bank is working as the independent broker for the group.
Do I have to Accept or Use Wells Fargo for this Exchange?
Nope, it’s totally your choice. But, if you get my drift, you would be crazy to not consider it and at least check it out. Why?
You can take your dinar into a bank, receive the lower $3.47 and have to pay about 40% in taxes.
Or you can take your dinar to the private exchange, receive upwards to $23 and potentially pay no taxes…..DUHHHHH…..NO BRAINER……unless you like paying high taxes, throwing your money away and making the bankers get richer.
How? Those bankers who give you $3.47 are going to take that dinar and exchange it for the higher $23. They’re not stupid; they’re in the business of making money for their bank and bonuses for themselves!!!
Who’s Behind this Currency Reset?
The shadow governments controlled by the cabal/illuminati have manipulated the global finances of the modern world for a couple of centuries. They currently manipulate and control the stock market, price of gold and price of oil.
They have deliberately kept about 60% of the world’s population living on less than $2 per day and the rest of the developed world in some form of economic slavery. The ultra-wealthy 1% has controlled the rest of the world’s population through the power of controlling the world’s money supply.
Their lust for power and control is about to all fall apart. A coalition of about 160 countries led by the BRICS nations (Brazil, Russia, India, China, South Africa) have formed a united front on the G8 and called their bluff of corruption and greed.
The G8 so weakened the world economy that it gave way for the 160-nation coalition to step up and call “check” in the world financial chess match. It’s game over; the coalition is demanding a return to asset-backed currencies to stabilize the world economy.
The IMF (International Monetary Fund), World Bank and BIS (Bank of International Settlements) have quietly been working on this reset for 5 to 10 years.
Why are the Iraqi Dinar and Vietnamese Dong so Important?
There are three currencies that are way out of balance with the rest of the world; the Indonesian Rupiah is the third. While I’m not familiar with Vietnam’s full story, Iraq’s has been more center stage.
Both of their currencies were devastated from their wars with the U.S. as their currencies can be purchased for 1/10th of pennies on the dollar. In 1990 when Saddam Hussein invaded Kuwait, the country was placed on economic sanctions by the U.N.
They could not trade their goods on the open international market and their currency was taken off the foreign exchange. This is what is meant by U.N. Chapter 7 seven On June 27th, the U.N. Security Council voted 15-0 to remove Iraq from chapter 7 and return them to chapter 6 status.
They once again became a member of the international trading alliance, but to do so they must bring their currency back onto the foreign exchange market, meaning it must be revalued.
Today 1162 dinar will trade for $1 U.S. In 1990 before the sanctions .29 dinar would trade for $1. To reverse the trade value, in 1990, 1 dinar would trade for $3.47.
Today approximately 21,100 Vietnamese dong will trade for $1 U.S. So you can see the huge imbalance. When the currency reset is backed by commodity assets those values will skyrocket and come back into balance with the rest of the world.
So, What are the Exchange Rates of the Dinar and Dong going to be?
That’s the trillion dollar question!!! Some individuals have been working on this C/E for close to 10 years. For most of that time speculation had the dinar returning to its 1990 value of $3.47 and the dong around $.47. Based on talking with scores of people involved and reading the blog sites every day, I believe these are the minimum rates.
But, in the last month so much has changed. The key was the U.N. vote on June 27th to bring Iraq back into the global open market, when that happened everything changed.
Since then the blog sites have been saying the reval could happen any day now. But, things do seem to change every week, let alone almost every day.
What most people don’t know is the U.S. government has trillions of dinars to exchange. They want the value to be high so they can pay off the U.S. debt and they have been negotiating behind the scenes to get the rate as high as possible.
Many insiders who have contacts in the IMF, U.S. Treasury, the Central Bank of Iraq, and some of the larger banks in the U.S. have been reporting the rates are already appearing on the back screens of the bank officers’ computers.
This has been going on for over a month and the rates are reported to be very very high. While this is all speculation at this time, the intel appears to be reliable.
Speculation has the minimum rates of the dinar at $3.47 and the dong at $.47. The upper rates… I hope you’re sitting down … The dinar is at $23.50 and the dong at $3.60. Do the math; you’ll see why we can get excited.
The shadow governments controlled by the cabal/illuminati have manipulated the global finances of the modern world for a couple of centuries. They currently manipulate and control the stock market, price of gold and price of oil.
They have deliberately kept about 60% of the world’s population living on less than $2 per day and the rest of the developed world in some form of economic slavery. The ultra-wealthy 1% has controlled the rest of the world’s population through the power of controlling the world’s money supply.
Their lust for power and control is about to all fall apart. A coalition of about 160 countries led by the BRICS nations (Brazil, Russia, India, China, South Africa) have formed a united front on the G8 and called their bluff of corruption and greed.
The G8 so weakened the world economy that it gave way for the 160-nation coalition to step up and call “check” in the world financial chess match. It’s game over; the coalition is demanding a return to asset-backed currencies to stabilize the world economy.
The IMF (International Monetary Fund), World Bank and BIS (Bank of International Settlements) have quietly been working on this reset for 5 to 10 years.
Why are the Iraqi Dinar and Vietnamese Dong so Important?
There are three currencies that are way out of balance with the rest of the world; the Indonesian Rupiah is the third. While I’m not familiar with Vietnam’s full story, Iraq’s has been more center stage.
Both of their currencies were devastated from their wars with the U.S. as their currencies can be purchased for 1/10th of pennies on the dollar. In 1990 when Saddam Hussein invaded Kuwait, the country was placed on economic sanctions by the U.N.
They could not trade their goods on the open international market and their currency was taken off the foreign exchange. This is what is meant by U.N. Chapter 7 seven On June 27th, the U.N. Security Council voted 15-0 to remove Iraq from chapter 7 and return them to chapter 6 status.
They once again became a member of the international trading alliance, but to do so they must bring their currency back onto the foreign exchange market, meaning it must be revalued.
Today 1162 dinar will trade for $1 U.S. In 1990 before the sanctions .29 dinar would trade for $1. To reverse the trade value, in 1990, 1 dinar would trade for $3.47.
Today approximately 21,100 Vietnamese dong will trade for $1 U.S. So you can see the huge imbalance. When the currency reset is backed by commodity assets those values will skyrocket and come back into balance with the rest of the world.
So, What are the Exchange Rates of the Dinar and Dong going to be?
That’s the trillion dollar question!!! Some individuals have been working on this C/E for close to 10 years. For most of that time speculation had the dinar returning to its 1990 value of $3.47 and the dong around $.47. Based on talking with scores of people involved and reading the blog sites every day, I believe these are the minimum rates.
But, in the last month so much has changed. The key was the U.N. vote on June 27th to bring Iraq back into the global open market, when that happened everything changed.
Since then the blog sites have been saying the reval could happen any day now. But, things do seem to change every week, let alone almost every day.
What most people don’t know is the U.S. government has trillions of dinars to exchange. They want the value to be high so they can pay off the U.S. debt and they have been negotiating behind the scenes to get the rate as high as possible.
Many insiders who have contacts in the IMF, U.S. Treasury, the Central Bank of Iraq, and some of the larger banks in the U.S. have been reporting the rates are already appearing on the back screens of the bank officers’ computers.
This has been going on for over a month and the rates are reported to be very very high. While this is all speculation at this time, the intel appears to be reliable.
Speculation has the minimum rates of the dinar at $3.47 and the dong at $.47. The upper rates… I hope you’re sitting down … The dinar is at $23.50 and the dong at $3.60. Do the math; you’ll see why we can get excited.
So Why Are the Dinar and Dong Going to be So Valuable?
Each country’s currency value will be based on the country’s tradable commodity assets. Not only does Iraq have the 2nd largest oil reserves in the world, but they have huge gold mines. Many are speculating that Iraq’s dinar could become the strongest currency in the world.
Their Prime Minister was recently quoted as saying, “We have billions and billions barrels of oil to trade, but we do not even have running water.” Their country has been devastated by war and they want to rebuild. They are hungry and anxious for this reset to happen and are willing to pay handsomely for it.
For Vietnam, it’s rice, the world’s largest food commodity. Vietnam is the 2nd largest rice producer in the world and they have offshore oil rigs.
They have been selling their rice and oil to China who has kept their currency in suppression since the war. Based on an open and free market the value of their rice and oil will explode to be on par with the rest of the world.
Each country’s currency value will be based on the country’s tradable commodity assets. Not only does Iraq have the 2nd largest oil reserves in the world, but they have huge gold mines. Many are speculating that Iraq’s dinar could become the strongest currency in the world.
Their Prime Minister was recently quoted as saying, “We have billions and billions barrels of oil to trade, but we do not even have running water.” Their country has been devastated by war and they want to rebuild. They are hungry and anxious for this reset to happen and are willing to pay handsomely for it.
For Vietnam, it’s rice, the world’s largest food commodity. Vietnam is the 2nd largest rice producer in the world and they have offshore oil rigs.
They have been selling their rice and oil to China who has kept their currency in suppression since the war. Based on an open and free market the value of their rice and oil will explode to be on par with the rest of the world.
When is this RV Going to Happen?
Any Day……Seriously…..it could be tomorrow! All the reports say it should have happened two to four weeks ago.
I have chosen to not give you any specific currency broker, etc. as I want to respect others choices. But, as stated all of us in our group of about 40 in Sedona have been very happy and comfortable with who we are using.
We’ve been having meetings in a private home to support each other, learn from each other, and give info to each other.
We’re researching local CPA’s, tax attorneys and financial planners to use after we receive our money.
One night I gave a presentation to a group of about 15 people in my home. We talked taxes and other ways to be prudent with our new wealth. We’ve formed a foundation as a 501©3 non-profit that we are going to use for funding community projects.
You’re being given a once in a millennium opportunity to become an overnight millionaire.
Any Day……Seriously…..it could be tomorrow! All the reports say it should have happened two to four weeks ago.
I have chosen to not give you any specific currency broker, etc. as I want to respect others choices. But, as stated all of us in our group of about 40 in Sedona have been very happy and comfortable with who we are using.
We’ve been having meetings in a private home to support each other, learn from each other, and give info to each other.
We’re researching local CPA’s, tax attorneys and financial planners to use after we receive our money.
One night I gave a presentation to a group of about 15 people in my home. We talked taxes and other ways to be prudent with our new wealth. We’ve formed a foundation as a 501©3 non-profit that we are going to use for funding community projects.
You’re being given a once in a millennium opportunity to become an overnight millionaire.
What is the Current Law Regarding Taxes?
I can only speak to U.S. law and do not have the time to do the hours of research for other countries. Rumors, rumors and more rumors are floating around about what the President or others are going to do about the taxes for the C/E.
My advice from someone who was a lawmaker (Senator) for 12 years; stick with the current law until you have solid proof otherwise. The U.S. Constitution is clear, only Congress can impose a tax.
The law does not allow a tax to be implied retroactively, so the current law applies until something else is passed through Congress.
The current law considers an increase of value in a currency an investment and is taxed as a capital gain. Period!!!
IRS Publication 525, page 30, “Taxable and Non Taxable Income, any increase over $200 is considered a capital gain. Here’s the link to the publication to read it yourself:http://www.irs.gov/p...525.
So, What is the Capital Gains Tax Rate in the U.S.?
There are two rates for capital gains, short term and long term. Long term is having the asset in possession for more than one year. If you purchased your dinar or dong more than one year before you exchange it, it will be long term.
Make sure to keep your receipts for your date of purchase. If you can’t prove your date of purchase it could be very very costly.
Anything less than one year is short term. But here’s the key, they date is not based on when the Reval takes place, but the day you exchange it. The capital gain is not considered a tax until it is realized, or turned in.
So What’s the Rates?
Short term is taxed as normal income. Those rates vary based on the amount of your taxable income. The top U.S. rate for 2013 is making over $450,000, most of us will qualify for those rates
Short term top rate: 39.6%
Long term rate: 20.0%
I can only speak to U.S. law and do not have the time to do the hours of research for other countries. Rumors, rumors and more rumors are floating around about what the President or others are going to do about the taxes for the C/E.
My advice from someone who was a lawmaker (Senator) for 12 years; stick with the current law until you have solid proof otherwise. The U.S. Constitution is clear, only Congress can impose a tax.
The law does not allow a tax to be implied retroactively, so the current law applies until something else is passed through Congress.
The current law considers an increase of value in a currency an investment and is taxed as a capital gain. Period!!!
IRS Publication 525, page 30, “Taxable and Non Taxable Income, any increase over $200 is considered a capital gain. Here’s the link to the publication to read it yourself:http://www.irs.gov/p...525.
So, What is the Capital Gains Tax Rate in the U.S.?
There are two rates for capital gains, short term and long term. Long term is having the asset in possession for more than one year. If you purchased your dinar or dong more than one year before you exchange it, it will be long term.
Make sure to keep your receipts for your date of purchase. If you can’t prove your date of purchase it could be very very costly.
Anything less than one year is short term. But here’s the key, they date is not based on when the Reval takes place, but the day you exchange it. The capital gain is not considered a tax until it is realized, or turned in.
So What’s the Rates?
Short term is taxed as normal income. Those rates vary based on the amount of your taxable income. The top U.S. rate for 2013 is making over $450,000, most of us will qualify for those rates
Short term top rate: 39.6%
Long term rate: 20.0%
9 comments:
Don't bother reading this. Same ole bullshit!
This in NOT an exchange but an investment and the IRS will view it as such even if you try to claim it is just a currency exchange. The tax code says any investment over $200 is classified as a taxable income
The IRS is a criminal rogue corporation and has no authority over the flesh and blood man except for force and violence which they do have with all their drones with guns and badges who are only there to protect the corporation and their pay checks.
It will continue to remain the same until these gangsters or banksters running these criminal racketeering operations under the color of law are all arrested and put away where they belong. Tax is nothing more then a euphemism for extortion.
"all of the G8 countries are currently in debt beyond their ability to recover." All? Russia is not in debt. In fact it pays off other countries' debt. This is evidence this article is not accurate.
I DO NOT BELIEVE THE PEOPLE THAT ARE SUPPOSE TO BE SOOO SMART ARE STILL SAYING WE WILL HAVE TO PAY TAXES ON A CE.... I PERSONALLY SPOKE TO A LADY AT THE IRS AND SHE GAVE ME HER BADGE NUMBER AND THE RULES PERTAINING TO A CE....THERE...... IS........NO.........TAX ON A CE.....IT WAS POSTED ON NESARA MONTHS AGO... GO TO THE LEFT SIDE WHERE IT SAYS SEARCH THIS SITE.....AND WRITE IN NO TAX ON A CURRENCY EXCHANGE.....IT SHOULD COME UP..... CANNOT BELIEVE THE IDIOTS THAT CLAIM THEY KNOW WHAT THEY ARE TALKING A\BOUT...KEEP TOOTING THIS CRAP.
You should not mix Bix Weir name with the IQD, he has never said anything about IQD, that I know of.
There is no taxes due unless you own currencies through Forex or a commodity exchange company, Exchanging one currency to another currency is not profitable. It only shows one currency is less valuable that the other. It takes more of one currency to buy what the other can buy for less. Understand the wording and don't let the Gurus sell you on paying taxes on something you don't have to do. Taxes are charged on investments through corporations such as holding currencies in your portfolio and then selling them when they appreciate. That is considered TRADING, which is regulated and taxed accordingly. EXCHANGING is a swap. Equal value for equal value. Value is what that particular item can purchase. In the Dinar world, you are trading a currency that is valued more for a dollar that is valued less. In investment terms, you are taking a loss if anything. But since you agree to take the lesser valued currency, it is a even trade, NO TAXABLE CONCESSIONS. You can be charged an currency swap charge which they will do at the time you swap your currencies in. The dollar is worth about .68 cents, so we are really taking a loss. There is no tax code that touches on the subject of even swaps. Trades is a word used in the financial world for a taxable investment like Wall Street does daily. We are not TRADING. We are EXCHANGING the same value for value. The gurus are telling you to check with your tax account. The same tax accountant that makes money off of you because they actually work to collect taxes for the IRS. They will find every tax code in the book to prove to you that you owe IRS taxes, when just the opposite is true. And most of you will pay 50% just so they will leave you alone. For me, I will spend my 50% fighting for my rights. I worked for this and I plan to keep it !!!
Dear John, are you the only one allowed to post??
funny how commentators show their sensitivity over money or tax issues. lol Remember its not real in the end and still only speculation.. yes many countries have in in financial trouble for longer than we all think! whilst news agencies like Fox lie and deny most truths... people are gullible and believe too easily what they see or hear.
Would it not be nice to finally have Nesara law announced? All Country debts to be made NUL..and 14% tax on non-necessity items??? the money in store house be distributed on a monthly basis to the people of earth, enough to allow all to rebuild our beautiful Planet in a better way for all.... healthier, happier, inviting
more upliftment and creativity all round. MONEY IS NOT REAL even if its the core concentration of life... as we need it daily... try not to allow it to create fear... money will come thats for sure! Trust in our Higher Presence as their is a plan for us all to make our lives better... The sooner the Nerasa law comes into effect the better for all around the world. We thank the blogger for such useful information. And also to just say... about President OBAMA... he is the BEST President America has ever had! realize this.... many go through difficult time based on fear mainly. I am from South Africa and we keep an eye on all developments that effects us all... support OBAMA He is an enlightened being shining the light in the dark forward! Shutting down changes are more welcomed and positive to create the change so badly needed right now. Send the situation LOVE and TRUST. try store what u can and let go of attachments to any material belongings for now... A new birth is in the making. We say YES to it! We welcome it! See the bigger picture...
Post a Comment