KTFA's
Eagle1 CE Details & Suggestions
10/10/2013
By Eagle1
» October 10th, 2013, 6:26 pm • [Post 528] Greetings, Family!
After several efforts to share the following with different folks Рsome unsuccessfully РI thought it best to assemble the processes in a single communiqu̩ like this so that everyone would be on the same page when they head to the bank to do their exchanges of Dinar, Dong, Rupiah, or whatever currency they have.
I’m tailoring this based on the processes we've discussed here at our local Wells Fargo.
1. Our suggestion is that you come as part of a group. We have assembled a fairly large group here in the XXXXX (WA) area with people coming in from all over Oregon, Washington and Idaho, not to mention folks who have connected with XXXXX (the personal manager) at our recommendation from all over the country.
...
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After several efforts to share the following with different folks Рsome unsuccessfully РI thought it best to assemble the processes in a single communiqu̩ like this so that everyone would be on the same page when they head to the bank to do their exchanges of Dinar, Dong, Rupiah, or whatever currency they have.
I’m tailoring this based on the processes we've discussed here at our local Wells Fargo.
1. Our suggestion is that you come as part of a group. We have assembled a fairly large group here in the XXXXX (WA) area with people coming in from all over Oregon, Washington and Idaho, not to mention folks who have connected with XXXXX (the personal manager) at our recommendation from all over the country.
...
Read More Link On Right
Because (at this moment, at least)
XXXX is the only PB in this area authorized to do currency exchange, the number
of people we have in our group (somewhere between 100 – 150) makes it an
exchange process taking several days – and perhaps as much as a couple of
weeks.
We will likely come in groups of a dozen or less at a time, especially where we are all involved together in certain projects or transactions.
2. Unless prior arrangements have been made, I recommend that you begin with not more than $10 Million (whether Dinar or Dong or Rupiah) so as to accelerate the process for you, and for all those in line behind you.
Once XXXX has identified you as part of our group, you will be able to do multiple transactions with her spread out over a period of weeks or months, and she will be able to give you the best possible rate that our group has.
3. Once the GCR goes live on bank screens, that’s the time to call for an appointment unless you already have one made in advance. If you don’t have an appointment by now, DO NOT call XXXX or XXXX or any other PB and arrange for an appointment for your currency exchange.
The major banks have cracked down on their employees like a sledge hammer in order to prevent any potential for “insider trading” accusations.
Because of the imminence of the GCR, and despite the fact that our PB’s actually KNOW what is taking place, they are being forced to repeat the old “scam” refrain on penalty of losing their jobs.
In some cases their phones are being monitored, so their conversations are very guarded.
4. If you have purchased any of your currency from WF, it is a good idea to bring that currency in with your WF purchase receipt. It will speed the authentication process greatly. (I assume that this would be a good practice with any other bank like BofA, Citibank, Chase, etc. if you do your exchanges with them.)
5. Unless you are already known to your Personal Banker (or to your group leader who can/or has made introductions) in advance of your exchange it will be extremely important to have every bit of identifying paperwork with you – e.g.,
where you bought your currency, your receipt of purchase (and in some extreme cases, where the funds came from for your purchase), and a filled-out FINCEN 104 form (stands for Financial Crimes Enforcement) indicating how much currency you are exchanging and what bank account(s) the exchanged funds are being deposited to.
A lot of this information may not be required if you already have an established relationship with the PB and the bank in question; and the funds are easily traceable. [The objective of all this folderol is for Homeland Security so as to ensure that the funds are not being used to finance terror or crime.
6. Depending on prior advanced information provided to your banker as to the size and nature of your overall exchange process, when you come into the bank – either as an individual, or as part of a group –
your personal banker will greet you and immediately escort you to another back office or (in some instances) to another building to conduct your transaction away from the public eye. This provides security both for you and for the bank.
7. If you do not have a spendthrift trust or some other financial vehicle to minimize your initial tax consequences, I strongly recommend that you exchange only what you need at the moment to pay off your bills, your mortgage, auto loan, credit cards, etc.,
and leave yourself a small amount of money to operate on until you can get a trust or other instrument established that will allow you to defer your taxes until such time as you create a return on your reinvested returns from the currency exchange.
I've already recommended XXXXXX and XXXXXXXXXXX (http://www.911trust.com) to many of you.
For those of you who do not choose to go with a spendthrift trust, please consult with a trust attorney and your own tax specialist before you move forward with any decision.
If more policies and procedures crop up that I've forgotten about, I’ll re-do this list and add to it as is appropriate. Blessings on you. Eagle1
http://www.dinarrecaps.com/1/post/2013/10/ktfas-eagle1-ce-details-suggestions.html
We will likely come in groups of a dozen or less at a time, especially where we are all involved together in certain projects or transactions.
2. Unless prior arrangements have been made, I recommend that you begin with not more than $10 Million (whether Dinar or Dong or Rupiah) so as to accelerate the process for you, and for all those in line behind you.
Once XXXX has identified you as part of our group, you will be able to do multiple transactions with her spread out over a period of weeks or months, and she will be able to give you the best possible rate that our group has.
3. Once the GCR goes live on bank screens, that’s the time to call for an appointment unless you already have one made in advance. If you don’t have an appointment by now, DO NOT call XXXX or XXXX or any other PB and arrange for an appointment for your currency exchange.
The major banks have cracked down on their employees like a sledge hammer in order to prevent any potential for “insider trading” accusations.
Because of the imminence of the GCR, and despite the fact that our PB’s actually KNOW what is taking place, they are being forced to repeat the old “scam” refrain on penalty of losing their jobs.
In some cases their phones are being monitored, so their conversations are very guarded.
4. If you have purchased any of your currency from WF, it is a good idea to bring that currency in with your WF purchase receipt. It will speed the authentication process greatly. (I assume that this would be a good practice with any other bank like BofA, Citibank, Chase, etc. if you do your exchanges with them.)
5. Unless you are already known to your Personal Banker (or to your group leader who can/or has made introductions) in advance of your exchange it will be extremely important to have every bit of identifying paperwork with you – e.g.,
where you bought your currency, your receipt of purchase (and in some extreme cases, where the funds came from for your purchase), and a filled-out FINCEN 104 form (stands for Financial Crimes Enforcement) indicating how much currency you are exchanging and what bank account(s) the exchanged funds are being deposited to.
A lot of this information may not be required if you already have an established relationship with the PB and the bank in question; and the funds are easily traceable. [The objective of all this folderol is for Homeland Security so as to ensure that the funds are not being used to finance terror or crime.
6. Depending on prior advanced information provided to your banker as to the size and nature of your overall exchange process, when you come into the bank – either as an individual, or as part of a group –
your personal banker will greet you and immediately escort you to another back office or (in some instances) to another building to conduct your transaction away from the public eye. This provides security both for you and for the bank.
7. If you do not have a spendthrift trust or some other financial vehicle to minimize your initial tax consequences, I strongly recommend that you exchange only what you need at the moment to pay off your bills, your mortgage, auto loan, credit cards, etc.,
and leave yourself a small amount of money to operate on until you can get a trust or other instrument established that will allow you to defer your taxes until such time as you create a return on your reinvested returns from the currency exchange.
I've already recommended XXXXXX and XXXXXXXXXXX (http://www.911trust.com) to many of you.
For those of you who do not choose to go with a spendthrift trust, please consult with a trust attorney and your own tax specialist before you move forward with any decision.
If more policies and procedures crop up that I've forgotten about, I’ll re-do this list and add to it as is appropriate. Blessings on you. Eagle1
http://www.dinarrecaps.com/1/post/2013/10/ktfas-eagle1-ce-details-suggestions.html
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