IQD CALLS Chat Tuesday Evening 12-31-19
IQD CALLS Chat Tuesday Evening 12-31-19
Doug_W if, lets say, U had 8 Mil Dinar and it came out at .25 that is 2 million dollars
Sparky Doug_W ...after fees and taxes, down to 900k...
Dave FEES? taxes depends
Doug_W depends on HOW and where U exchange it Sparky
Sparky Dave ...exotic currency...
Dave Sparky now yes global NO!
Sparky Doug_W ...ill go with Citi...
Doug_W lets say U have a corporation and U hire out to them for a dollar a yr
Dave 2-3% spread on exchange for global currencies
Doug_W as a consultant U get that new car / house/ boat etc with new tax laws its a 100% tax write off year U get them
Sparky Doug_W ...nope, paying more than they ask...up front...on taxes...been there, done that, ...no fun at all...
Doug_W then I have been doing it all wrong
Dave Sparky take a note to one forex.....then to another and so on....
Sparky Doug_W ...nope, I'm just IRS shy..., that sounds like excellent strategy...
Doug_W trumps new capitol investment tax law is great 4 us IF dun right
Sparky Doug_W ...I will definitely need help, from day 1...
Dave Doug_W yeah rich peeps know how to evade taxes
Doug_W Sparky B4 u CASH ur 1st note hire an tax atty
Sparky Doug_W ...solid advice !
Dave Doug_W tax lawyers paid by the IRS.....hmmm
Doug_W Dave that is a communist notion
Sparky Dave … former IRS agents...
Dave take a note to alocal forex......cant track that?
Sparky Dave ...of course they will...
Dave Sparky NOt me.....
Doug_W here in States ANY transaction of 10K or more U have to fill out an IRS tax form on it
Dave call us communist......lol
Sparky ... <@5874918|Dave...if over $600, must pay taxes...documentation required... imu..
Doug_W Dave I just DID lol
Doug_W Sparky that is if a company pays U that amount of more in a yr not for currency echange
Sparky Doug_W ...ok, thanks...
Dave Sparky exchanged plenty of cash over600....never no where
Doug_W 10-4 Sparky
Dave Sparky Get a wealth manager from a big bank
Doug_W get a tax atty first tho
Dave Doug_W WHY....banks know the loopholes
Dave IRS want your cash
Doug_W because U don't watn them know ing U have $$ B4 U get tax advice
Doug_W a tax atty is NOT from teh IRS its a private lawyer specializing in taxes
Sparky Doug_W … I will if I don't hit my head too hard, after I faint when this thing finally goes down...
Dave Doug_W gotcha
Dave i paid my taxes on the cash i used to get my dinar?
Doug_W Canadian tax code is very diff than USA's
Sparky Dave ...exotic currency fee
Dave you have a silver coin that goes up in value,,,,,,no taxes on that
Doug_W it is now Spark but NOT afteer it goes global is won't B
Dave Sparky not when global no longer exotic
Sparky Doug_W Dave ...cool...
Doug_W right now U can loose 20% and I say SCREW that
Dave if you sell your Picasso for double you have to pay tax on that
Dave ?
Sparky Doug_W ...don't even consider selling..." wouldn't be prudent " .
Doug_W Dave yes here in States U would
Sparky Dave … capital gains...
Dave arrrg
Sparky. .." wouldn't be prudent at this juncture..." W Sr., to Gen.Swartzkoff...desert storm..if memory serves...
Dave 10 yrs to exchange then
Sparky Dave ..we'll have to keep an eye on timeframes...
Dave Sparky CBI said 10 yrs
Sparky Dave ...they did yesterday..
Dave Sparky I know you have some difficulties with what CBI States.......LOL
Dave Sparky Missed that
Dave 10yr stufff
Sparky Dave ...yesterday, meaning pre rate change...
Dave Sparky ????
Dave direct from CBI or Recaps?
Sparky Dave ... my understanding is 10 years with banking entities, but, as always, I could be wrong...
Dave Sparky CBI has stated 10 yrs numerous time......just like to keep hearing that coupled with 5T in circulation
Sparky Dave ... trust me, when this goes down, it will have my full attention...
Dave Sparky 2 more sleeps
Dave window opens
Sparky Dave ...5 T...now that is a workable number for reval...imo...
Dave Sparky the other graph.....no idea what that meant though
Dave just a graph?
Sparky Dave ...maybe RodTahoe has some insight or opinion...glad he brought it in...
Insert Rod Tahoe Post for Reference: RodTahoe I did validate the information from the CBI that there has been a change in accounting, that Frank, Delta and MM are talking about. The current dinar in circulation is now at 5 trillion, down from 55 trillion. The amount in the commercial banks went from 3 trillion to 51 trillion (approx).
The chart showing dinar in circulation https://cbiraq.org/SeriesChart.aspx?TseriesID=158 and the chart showing the dinar held by commercial banks https://cbiraq.org/SeriesChart.aspx?TseriesID=157
I am not a pro at this but sure indicates to me that the CBI now is showing only 5 trillion in circulation and have to ask why is the CBI making this accounting change now. Am sure the regulars will bash what ever i bring, but look at the charts and see how you interpret this change.
Dave Sparky Very interesting.....Auctions may have taken in alot in the last 18months ....graphically makes most sense
Sparky Dave ...hard to fathom it going down soon though, unless..."Black Swan Event "...as stated previously..by TMan ?
Doug_W Be back later short nap time
Dave dream of quaters...
Dave just watch the news myself.....make my own opinion
Sparky ..I see very littte logic from PTB in Iraq, except power and greed...
Dave PTB.......LOL
Sparky...Iranian influence...
Dave GOI has done SQUAT..... Traffic laws maybe
Sparky ...as dictated by Iran...
Dave all about corruption as dictated by them protesters Too
Sparky ...that's why I like the "real" protestors...
Dave the corrupt enjoy instability
Dave pay fer that
Sparky ...chaos is where Maliki lives and thrives...
Dave Sparky and many others
Spankie need to hang that rat face maliki to show some power to the people
Dave spankie will take a COUP
spankie Maliki= Iranian
Dave months of protests and still nadda
Dave in fact going the wrong direction
spankie if usa not there then the iraqi peeps will become iranian
Dave Dawas largest bloc to set up newe PM
Sparky ...maybe our hope lies in them realizing that investment will enable them to scarf more...feed the greed...
spankie Iraq at crossroads
Dave IMMUNIT
Davey
Sparky spankie ...yup...
Dave A Coup will be much faster with the direction the GOI are heading
Sparky Dave ...Dawa / SOL never good for anyone...that's why Abadi bailed. Probably come back into the picture soon...in the coming daze...
Sparky ...USA vs Iran...holding us back...imo...
Sparky ...liked FrancisAlbert post on US wanting to control Iran CBI...
Young_SC Sparky what is your opinion about the graph?
Sparky Young_SC ...imo, 5 T in circulation in good for realistic reval of IQD..thats my gut feeling...
Young_SC Sparky True
Young_SC I figured that also
chattels Trump blames Iran for attack on embassy in Baghdad as Iraqi PM urges calm https://www.rudaw.net/english/middleeast/iraq/311220192
chattels US Embassy attack: live updates https://www.rudaw.net/english/middleeast/iraq/311220193
Dave Iranian-backed Kataib Hezbollah tells IRGC affiliates media outlet Tasnimnews that the US ambassador and US forces must be expelled from Iraq.
chattels sandyf - " I think the figures have been entered on the charts the wrong way round. I doubt it is a coincidence that the figure shown in commercial banks is the same figure that appears on the Financial Statement as a liability for currency issued at the end of November. All will be revealed with the end of Dec figures."
Dave Protestors do not like Iran influence.......SO........?
Dave chattels Thought dec was on that graph?
chattels Iraqi PMF (Hashd) try to storm 2nd gate of US Embassy in Baghdad & set it on fire. PM tells PMF to withdraw & PMF responds that they are staying until US Forces leave Iraq. http://nabdapp.com
chattels Dave Not sure.
Dave thought it did
Sparky Dave ...protestors are "manning up"...trying to take back their country...against the giant...truly David vs Golliath...
chattels In Baghdad, protesters in Tahrir Square say they were not involved in breach of Green Zone.
chattels Military spokesman for Iraqi PM: breach of the Green Zone by protesters happened suddenly & caught us unprepared. There was a large group mourning death of PMF members but we did not expect it to breach Green Zone. http://nabdapp.com/t/67672301
chattels Iraqi PMF (Hashd) supporters chase Interior Minister away from in front of US Embassy in Baghdad. http://nabdapp.com/t/67675985
Dave chattels Iranian retaliation....
Sparky chattels ...Iranian Malitia...no doubt...
chattels Video of Iraqi PMF (Hashd) trying to break into US Embassy.
chattels Sparky Many are saying that this is an event orchestrated by the Hashd ( Iranian militia as you say ).
Sparky ...wolves infiltrated the protestors...none lower than Iranian mf's...
Sparky chattels ...as obvious to me as the nose on my face...
Sparky ...an action contrary to protestors wishes and demands...
Dave tru dat
Dave another slap in the faces of those protestors
chattels Important thread for context on the distinction between militia members and normal Iraqi protesters.
3- It's vital to make this distinction. The creative, inspiring movement that gave over 600 lives killed by the same security apparatus that allowed these militias to easily enter the GZ is in no way behind or associated with this aggression.
chattels 2- What I do know: the vast majority of the those advancing on the US Embassy are not protesters. They're armed and organized. IRGC-backed Hashd units are no longer concealing they're loyalties.
chattels https://twitter.com/RashaAlAqeedi/status/1212008144764854273
Sparky Dave ...they have nothing to lose, everything to gain...and have the gonads to do somet5hing about it. Real glad to see them standing up and protesting...or take it to another level...
Sparky chattels ...still need USA backing, to surpress Iran from completelely taking over Iraq...
Sparky ...Trump squeezing Iran hard...
chattels Pompeo informs Abdul-Mahdi and Saleh by phone that the United States will protect Americans in Iraq
[Baghdad-I] http://www.alliraqnews.com/modules/news/article.php?storyid=85683
Sparky chattels ...as always, thank you for your input my friend...
chattels Al-Hakim stressed, "The need for the Iraqi government to assume its responsibility in protecting the diplomatic missions operating in Iraq, and to preserve its international reputation, and the openness it has achieved towards the international community, and to ensure the security and stability of the country." http://www.alliraqnews.com/modules/news/article.php?storyid=85682
chattels Iraqi sources: some PMF (Hashd) withdraw from US Embassy. http://mobp.as/BdAjq
chattels Senior brain drain looms for Oil Ministry if federal retirement order goes into effect
Order reflects new labor law mandating retirement age of 60 except for ministers. https://www.iraqoilreport.com/news/senior-brain-drain-looms-for-oil-ministry-if-federal-retirement-order-goes-into-effect-42351/
Wilder Senior brain drain ..lol. Sounds like my sister in law.
chattels Barbara A. Leaf @SafiraLeaf
And as my colleague @Mikeknightsiraq just pointed out - this is a member of the IZ Spec Forces Div charged with protecting foreign diplomatic missions. Joining the PMF “protestors” who assaulted the US Embassy today. https://twitter.com/SafiraLeaf
chattels I hope that they are not depending upon that guy or others like him to defend the American embassy in Baghdad.
chattels Pro-Iranian Shiite parties in #Iraq had been shaken by months of #IraqProtests focused on democracy and anti-corruption. After the US airstrike, staging organised "demonstrations" at the US embassy, they're back in the game they prefer. https://twitter.com/reidarvisser
biff An A6 Airstrike would work
chattels Pro-Iranian militias behind US Embassy attack in Baghdad Ali Mamouri December 31, 2019
chattels I may have posted the foregoing article earlier. If so and I am being repetitive then I apologize to all.
chattels Judges for the Supreme Commission for Elections in Iraq
Wilder The Popular Mobilization Forces (PMF), also known as the People's Mobilization Committee (PMC) and the Popular Mobilization Units (PMU) There's probaly some (PMS) in there somewhere.
biff Where is ( CAG ) Carrier Air Group
chattels Despite the approval by Parliament on December 5 of the new "Independent High Commission for Elections in Iraq" law, popular and official criticism is still ongoing regarding this law, ........
Wilder Iraq is not able to defend themselves from Iran if they wanted to.
biff That's why the SOFA should have been signed by Obama ( Statue of Forces Agreement)
Wilder biff so we have military there by our own will not in agreement with Iraq?
chattels Wilder US forces are in Iraq by invitation of the government with the approval of the Parliament is my understanding.
chattels Wilder " They are there as part of a security agreement with the Iraqi government to advise, assist, and support that country’s troops in the fight against the Islamic State." https://foreignpolicy.com/2019/03/20/iraq-prepares-to-evict-u-s-troops/
biff Only in Iraq
Wilder What a mess. So who is the Iraqi gov't.
chattels Wilder The Iraqi government is essentially their Parliament, The Prime Minister is elected by the Parliament.
Wilder Who is unable to deter Iran.
chattels Wilder Iraq is a federal parliamentary republic which refers to a federation of states with a republican form of government that is, more or less, dependent upon the confidence of parliaments at both the national and sub-national levels.
chattels Wilder Some say that Iraq is a failed state.
chattels Wilder The method by which the head of government is chosen is the primary distinction between a parliamentary government and a presidential system. The head of a parliamentary government is chosen by the legislative branch and typically holds the title of Prime Minister, as is the case in the United Kingdom and Canada.
In the United Kingdom, voters elect members of the British House of Commons every five years; the party that secures a majority of seats then chooses members of the executive branch cabinet and prime minister.
The prime minister and his cabinet serve as long as the legislature has confidence in them. In Canada, the lead of the political party that wins the most seats in parliament becomes the prime minister.
chattels https://www.thoughtco.com/how-parliamentary-government-works-4160918
chattels Wilder One of the demands of the protesters is for a presidential form of government.
Wilder chattels looks to me like Iran is holding a possible threat on Iraq holding the U. S. At bay. Undoing everything we've done to rebuild them.
Wilder Including Israel knowing Iraq and Kuwait would both get destroyed.
chattels Wilder The world is a complicated place and real understanding is not within my powers.
Wilder Just me thinking. I know nothing.
Wilder chattels i appreciate your time and articles you bring in.
chattels Wilder Thinking, asking questions and taking positions to defend lead us to knowledge in some form. The truth is more elusive.
Wilder chattels even within our own.
chattels Wilder Perhaps especially within our own.
Wilder Outsiders probably think our gov't is just a bunch of clowns. They're probaly right.
chattels Wilder We are all in this together. We all have more in common than any differences between us.
Wilder Yep. And we do have a good life. Blessed as a nation, regardless.
chattels Good night all. Happy New Year ! God bless America, God bless us every one.
LeLe Baxter stop giving away the Crappie. Lol
LeLe Happy New Year's. May 2020 bring us Peace, Prosperity, Health, Wealth and Love. Be Safe.
Sparky LeLe ...well said...Happy New Year all ...
Matt 2020 Wow! A New Decade
Sparky biff ...the lamp is lit...now, waiting on the "countdown ' ...New Year, new IQD value... it's my new years resolution...get rich , either quick or slow...
Sparky ...new attitude with young Iraqis...love the fact the awoke...a new day in Iraq is approaching...and I think we may need sunglasses...
Sparky ...Iran must be neutered first though, and threrein lies the rub...