ANALYSIS OF EXECUTIVE ORDER 13303

THERE SEEMS TO BE A LOT OF CONFUSSION ABOUT EXECUTIVE ORDER #13303	Reply Quote   Printer Friendly
ANALYSIS OF EXECUTIVE ORDER 13303 When George Bush stocked the US Treasury with Trillions of Iraqi Dinar in 2003, he also signed an Executive Order protecting such from ANY KIND OF ENCUMBRANCES (EO #13303), which Obama (who I am sure will try to take credit for setting this all up) just extended through May 22, 2014. This makes me believe that it will all be done by then... but what is the rest of the story? (READ BELOW) ORIGINAL EXECUTIVE ORDER 13303 (full text): http://georgewbush-whitehouse.archives.gov/news/releases/2003/05/print/20030522-15.html IMPORTANT PARTS OF E.O. 13303: I, GEORGE W. BUSH, President of the United States of America, find that the threat of attachment or other judicial process against the Development Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, obstructs the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq. This situation constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States and I hereby declare a national emergency to deal with that threat. [He then goes on to exclude all the above from any judicial process. I would contend that an argument could be made to also include taxes of any kind] Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following: [some text excluded] (b) all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons. [some text excluded] [Who are "United States persons"? See Below] Section 3. For the purposes of this order: (a) The term "person" means an individual or entity; (b) The term "entity" means a partnership, association, trust, joint venture, corporation [or LLC], group, subgroup, or other organization; (c) The term "United States person" means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any juris-diction within the United States (including foreign branches), or any person in the United States; SO, IN MY VERY HUMBLE OPINION: 1. Executive Order 13303 essentially EXCLUDES all of Iraq's currency (IQD) that is owned by a U.S. “person or entity” from ANY kind of encumbrances (taxes). [NOTE: This only applies to the IQD, not to any other currencies. This MAY be the reason why we have always been told to keep the IQD in a separate account from any other currencies “for tax purposes”.] 2. THEREFORE, any IQD that “we” own as citizens of the United States (or is owned by a trust or LLC) should be EXCLUDED from any taxes, 3. FURTHERMORE, this is a "currency exchange" not an "investment" so "capital gains" taxes should not apply either way. There is a tax on the books for "excessive exchange of foreign currency" at a minimal rate (much lower than "capital gains" or "ordinary income" would be), 4. HOWEVER, Executive Order 13303 should EXCLUDE the IQD from any “currency exchange” tax also. 5. THEREFORE, it sounds like the IQD is EXCLUDED and protected from ANY kind of withholding,tax, fee, garnishment, lien or judgment under this provision, so any tax would be null and void and would not be applicable. 6. Be very careful at your "CURRENCY EXCHANGE" to never refer to it as "cashing out" or "selling an investment". It is a "financial instrument" being exchanged for US currency, so any kind of excessive fees, taxes, garnishments, etc., should fall under this exclusion. NOTE: If your Dinar is held by your trust, it will be exempt from any "gift taxes" when your trust purchases a HOUSE, VEHICLE, EDUCATION, or any other asset for your children (who are listed as beneficiaries of the trust). SUBSEQUENT EXECUTIVE ORDERS PERTAINING TO E.O. 13303: 1. Executive Order 13315 of August 28, 2003, 2. Executive Order 13350 of July 29, 2004, 3. Executive Order 13364 of November 29, 2004, 4. Executive Order 13438 of July 17, 2007. OBAMA'S EXTENSION OF 13303 (till May, 22, 2014): http://www.whitehouse.gov/the-press-office/2013/05/17/notice-continuation-national-emergency-respect-stabilization-iraq So here is the BIG CATCH 22: If the PTB continue to delay this PAST the May 22, 2014 extension, then the possible ZERO TAX scenario outlined above would become “null and void”. Therefore, all the people and “entities” who have exchanged prior to the deadline, would be exempted from any tax, garnishments, fees, etc. (including the Dinar held by all the corrupt Banksters and Politicians). __________________