Some "Blasts From The Past" Iraq Dinar, Forex, Kuwait and more 3-24-2022

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

WE MUST NOT FORGET THE HISTORY OF OUR INVESTMENT, FOR IT IS ABOUT TO REPEAT ITSELF.

This may be old news to some of you, But to many it will be enlightening. When officially introduced at the end of the British mandate (1932), the dinar [consisting of 1,000 fils or 20 dirhams] was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86. Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.

Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.

One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began. Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39. It remained at this level until the outbreak of the Iran-Iraq War in 1980. In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.

 In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation's inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar's real transaction value, or black market exchange rate, was far lower-- only about half the 1986 official rate.

The Iraqi dinar was worth $US3.20 before the United Nations embargo that followed Iraq's 1990 invasion of Kuwait. By August 2002 it was trading at just below 2000 to the US dollar, and by mid-April 2003 it had slipped to anywhere between 3500 and 4000 against the dollar. In July 2003 one US dollar equaled about 1,500 Iraqi dinars.

WE ALL KNOW WHERE IT STANDS TODAY, currently

************

Forex real numbers:

This is the number you will see at the forex converter and what it means in US Dollars

Actual dollar amount=Forex number amount

$3.00 = 0.333
$3.33 = 0.300
$3.50 = 0.285
$3.75 = 0.266
$4.00 = 0.250
$4.25 = 0.235
$4.50 = 0.222
$4.75 = 0.210
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166

Forex & Currency Converter Links

•United Nations (UN) – Operational Rates of Exchange
•International Monetary Fund (IMF) – Representative Exchange Rates
•Central Bank of Iraq (CBI) – Posted Exchange Rates
•Forex TradingCharts
•XE
•Exchange-Rates.org
•Mataf Forex Trading
•FX Top
•Oanda
•MENAFN.com
•ADVFN Forex
•Forex Pros – Commodities / Oil

If any of you have been doubting this dinar RV is true-Read this article from the NY times from 1991.

Kuwait revalued their currency on march 25th 1991.

NY TIMES(Kuwait RV): Published: March 25, 1991

It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.

Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.

Without electricity, the banks services were slow, limited to money exchange and withdrawal. There was no telex, no electronic money transfer and no telephones. The computers were unusable, so all transactions had to be entered by hand.

"It's like going back 20 years," said Mohammed al-Yahya, the manager of the Commercial Bank of Kuwait, the nation's second-largest bank. Seized Dinars Canceled

The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.

All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.

Although it is severly handicapped without electricity, the Commercial Bank, like many other major banks, was able to open for business because its records had been saved from the Iraqis. Mr. Yahya hid the bank's balance sheets in his home and sent its computer records to London via Syria with an Indian employee, who packed the tapes into the back of a trailer.

The banks also face serious personnel shortages. Only 11 of the Commercial Bank's 35 branches opened today, with 137 out of 1,300 workers.

Before the Iraqi invasion, only 17 percent of the bank's staff was Kuwaiti. Many of the foreign workers -- Jordanians, Palestinians and Indians -- fled and now cannot re-enter the country.

For those exchanging money today, there was little they could buy in Kuwait. Many of those in line said they planned to use their money for vacations or for shopping trips to Saudi Arabia to buy generators and food.

"I need to get away from this pressure," said Abdul Mohammed Hussein, a computer engineer in his early 40's who said he was withdrawing 1,500 new dinars to take a vacation in the United Arab Emirates. "Everywhere you go you find lines. At the supermarket, you find lines. To get petrol for the car, you find lines."

Abdul Hamed al-Atar, a 50-year-old retired Interior Ministry official, said this was the first time he had set foot in a bank since September, and he seemed relieved. "Kuwaits always keep a lot of cash with them," he said as he was handed crisp new piles of money that he stuffed into a small bag. "It's a comfort to have money in my hands."

http://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html

From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins of ±3.5%.[2] The central rate translates to approximately 1 dinar = 3.33745 dollars. From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies,[3] and is now worth about US$3.609 (€2.686). It is the world's highest-valued currency unit

Possible Questions To Ask at Your Exchange Appoinment

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

Take what you like and leave the rest….If there is a new banking system some of these questions may no longer be relevant. No one knows yet.

 REVISED AND UPDATED LIST OF (61) QUESTIONS YOU MAY WANT TO ASK AT YOUR BANK APPOINTMENT

THE QUESTIONS:

1. WHAT TYPE OF BANK ACCOUNTS DO YOU HAVE AVAILABLE?

2. WHAT IS THE FDIC COVERAGE ON THIS ACCOUNT?

3. CAN YOU EXPLAIN TO ME HOW THE FOLLOWING BANK ACCOUNTS OPERATE?

   A. NON INTEREST BEARING ACCOUNTS

   B. MULTI CURRENCY ACCOUNTS

   C. MULTIPLE CURRENCY ACCOUNTS

D. (THE DIFFERENT TYPES AVAILABLE)

E. INTEREST BEARING ACCOUNTS

4. WHAT AMOUNT AM I REQUIRED TO LEAVE IN EACH ACCOUNT?

5. WHAT OTHER PRODUCTS AND SERVICES WILL BE PROVIDED TO ME TODAY WITH THESE ACCOUNTS?

6. WHAT ARE THE FEES ASSOCIATED WITH THESE BANK ACCOUNTS?

7. DOES YOUR BANK HAVE A WEALTH & TRUST DIVISION SEPARATE FROM THE RETAIL SIDE OF THE BANK?

8. I NEED SOME CERTIFIED CHECKS MADE PAYABLE TO (abcd) CAN YOU ASSIST ME?

9. HOW MUCH CASH CAN I TAKE WITH ME WHEN THIS APPOINTMENT IS COMPLETED?

NOTE: LIMITED CASH AND A CERTIFIED CHECK IS WHAT WE RECOMMEND

10. IF I COME BACK TO EXCHANGE MORE WILL I HAVE THIS SAME RATE?

11. WHAT PRODUCTS & SERVICES WILL THE WEALTH MANAGEMENT TEAM PROVIDE?

12. EXPLAIN TO ME HOW THE SWEEP PROCESS WILL WORK?

13. WHAT ARE THE ADVANTAGES & DISADVANTAGES OF THESE ACCOUNTS?

14. WILL LOANS AND LINES OF CREDIT BE PROVIDED?

15. IS THIS ACCOUNT ACTIVE TO RECEIVE BANK WIRES NOW? (EXPLAIN THE PROCESS)

16. WHAT PRODUCTS & SERVICES WILL COME WITH THE WEALTH MANAGEMENT TEAM?

17. PLEASE GO OVER ALL OF THE DOCUMENTS WITH ME I WILL BE SIGNING?

18. TELL ME A LITTLE BIT ABOUT THE HISTORY OF THIS BANK?

19. HOW ARE MY DEPOSITS PROTECTED AGAINST BANK COLLAPSE, GOVERNMENT THEFT, AND BANK THEFT?

20. WHAT KIND OF INTEREST RATES WILL I BE LOOKING AT?

21. WHAT TYPE OF CREDIT CARDS AND DEBIT CARDS DO I QUALIFY FOR NOW?

22. WHAT ARE MY CHECKING & SAVINGS ACCOUNT OPTIONS?

23. IF I HAVE QUESTIONS TOMORROW WHO DO I NEED TO CONTACT?

23. DO YOU HAVE A BUSINESS CARD?

24. IS THIS CURRENCY EXCHANGE TAXABLE AND WHAT IS THE RATE OF THE TAX?

25. WILL THIS TRANSACTION BE REPORTED TO FINCEN?

26. TELL ME ABOUT YOUR ONLINE BANKING (NOTE: WE DO NOT ADVISE ONLINE BANKING)

27. WHAT IS THE COST TO EXECUTE TRADES, , BONDS, ETC?

28. WHAT TYPE OF ADDITIONAL INSURANCE CAN I PLACE ON MY MONEY VIA PRIVATE

BANKING & WEALTH MANAGEMENT

29. IS THERE AN EXCHANGE WINDOW IF I HAVE MORE CURRENCY TO EXCHANGE?

30. IS MY MONEY PROTECTED AGAINST DEVALUATION OF THE USD?

31. TELL ME ABOUT YOUR BANK PERKS?

32. ARE THERE ANY STIPULATIONS WITH THE CONTRACT RATE? (IF AVAILABLE)

33. WHAT ARE THE STIPULATIONS WITH THE STREET RATE?

34. WHAT ARE THE KEY POINTS OF THE NDA (IF APPLICABLE)

35. CAN I CONTACT MY ATTORNEY BEFORE I SIGN THESE DOCUMENTS?

36. IF I DO NOT TAKE THIS APPOINTMENT WILL MY RATE CHANGE?

37. WHAT ARE THE STIPULATIONS WITH THE MARKET RATE?

38. CAN YOU SHOW ME THE RATES ON THE SCREEN PLEASE?

39. CAN I HAVE A COPY OF THE DOCUMENTS FOR MY LEGAL TEAM

TO REVIEW?

40. WILL THE RATE DROP IF I COME BACK TO EXCHANGE MORE CURRENCY?

41. IF I HAVE MORE CURRENCY CAN I COME BACK AND EXCHANGE AT SAME RATE?

42. IF I HAVE MORE CURRENCY ARE THERE DIFFERENT RATE TIERS?

43. ARE THERE ANY TIME LIMITS ON RATES OF EXCHANGE?

44. CAN YOU EXCHANGE INTO LOWER DENOMINATIONS?

45. IS THERE AN EXPIRATION ON THE LARGE NOTES?

46. IS THERE A CAP ON THE AMOUNT I CAN EXCHANGE WITH YOUR BANK?

47. CAN YOUR BANK ASSIST ME WITH RESERVES/LAYAWAYS AND HOW

DOES THAT PROCESS WORK?

48. CAN I EXCHANGE WITH MY LLC, IBC OR TRUST?

49. AM I EXCHANGING INTO NEW TREASURY NOTES?

50. IF I USE AN MCA ACCOUNT WILL MY CURRENCY STAY IN THE

CURRENCY OR CONVERT TO USD.

51. WHAT IS THE INSURANCE COVERAGE ON MY DEPOSITS?

52. AM I EXCHANGING INTO FEDERAL RESERVE NOTES OR TREASURY NOTES?

53. CAN YOU EXPLAIN YOUR BANKS BASEL STATUS & HOW DID YOUR BANK RATE IN BANK STRESS TESTS?

54. HOW MUCH DOES YOUR BANK HAVE IN DERIVATIVES?

55. HOW WOULD YOU RATE AND COMPARE YOUR BANK TO OTHER INSTITUTIONS?

56. HOW HAVE THE NEW OCC REGULATIONS, VOLCKER RULE, DODD FRANK, & BASEL REQUIREMENT IMPACT YOUR BANK?

57. CAN YOU EXPLAIN TO ME HOW YOUR FINCEN REPORTING WORKS?

58. WHAT TYPE OF ACCOUNT ARE THESE FUNDS GOING INTO AND I DO NOT WANT TO COMINGLE DIFFERENT CURRENCIES AND WOULD LIKE SEPARATE ACCOUNTS FOR EACH CURRENCY?

59. WHAT IS THE DIFFERENCE IN A CURRENCY EXCHANGE AND A CURRENCY INVESTMENT WITH YOUR BANK?

60. WHAT OTHER OPTIONS ARE AVAILABLE IF I DECIDE TO EXCHANGE MORE CURRENCY AND IS MY EXCHANGE RATE NEGOTIABLE

61. PLEASE SHOW ME THE RATES CURRENTLY ON YOUR BANK SCREEN BEFORE I EXCHANGE.......

COMMENTS:

1. PLEASE FLAG THIS ACCOUNT FOR IT TO NOT BE IN TEST & PRODUCTION.

2. WITH MY BROKERAGE ACCOUNT  I NEED TO BE SURE ALL TRADES MUST BE AUTHORIZED BY ME. (OPTION)

Do You Wonder Why We Will Get Such a Big Return When the Iraqi Dinar Revalues???

Re-Posted for our newest readers……From Recaps Archives……

If anyone is wondering how We will be getting so much money for exchanging Iraqi Dinar when we paid so little for it-Here is a GREAT explanation. Enjoy. From Recaps Archives a few years ago.

REMEMBER: The figures and procedures may have changed over the years but the basic concept will help you understand what is happening when we exchange

CONCEPT EXPLAINED:

First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:


If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

What Your Bank Will Receive:


Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.

If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.

Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

What the US Treasury Will Receive:


First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

Oil Now Enters the Picture:

At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

How the CBI “RECAPTURES” the Money:

The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Other Factors that Strengthen Iraq’s Position and Ability to RV:

• DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

• CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.

• Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

• Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.

There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

• Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10
• Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.
• US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000
• CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”
• Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20

This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen.

Believe it or not, it has happened for this very purpose, and it IS coming!

For the people who do not understand how this can happen $$$$ posted by FREEWAY BILL

Let me just say that I am not a guru. I do not claim to know when the RV will happen or what rate it will come in at. Does not matter. So many people have used the abundance of money involved makes it impossible for it to happen.

Let me give you some things to ponder:

There were originally 30 trillion dinar printed. Well over 80% of that amount has been accounted for and is in the hands of Iraq. That leaves 6 trillion dinar out of which US, China, Russia, Brazil and other countries hold a substantial amount of these in their countries. So let us say that there is 1 – 1.5 trillion is out in the hands of regular people, trusts, etc. How could Iraq possibly cash in this much at one time?

They can’t! Or Can They?

China and the US have signed agreements that they each will take all of their dinar and all that they cash in from their citizens in OIL @ an agreed upon rate of $32.00 per barrel for however long it takes. Now taking the total of 6 trillion that is supposedly out there which would be multiplied by the rate that we will set at $ 4 just to go from a number of some kind.

So now we have $ 24,000,000,000,000! Seems like an amount that just will not be possible? Read on.

24 trillion dollars will transform to 750 BILLION barrels of oil @ $32.00. That is what it will cost Iraq to payoff. That is still a lot of money, right? Well, considering that one barrel of oil cost Iraq less than $ 2.00 per barrel to process which means that Iraq can pay off ALL of the Dinar still out for $1,500,000,000 while coming out of sanctions, becoming a powerful country and a part of the UN and WTO and go forward.

 Being that this RV would basically make it so the US will be able to pay off most or all of their national debt along with the other countries involved would be doing the same making the World Economy would get a tremendous shot in the arm and everyone would be on a better playing field meaning World trade would be enhanced and the US and China emerge as the strongest and Iraq comes out as either the richest or the 2nd richest country in the world.

So, my friends, the RV can happen and actually if you take Iraq’s assets, it could actually justify RVing at upwards of $ 8 – $ 12 and this calculation would work and still leave Iraq with a smidgen of debt compared to the assets they have.

So rest assured that there will BE NO LOP because it is not necessary and it would deflate this entire plan and not help anyone and Iraq would not emerge as a stable government or friend to anyone.

So, poke holes in this if you wish. I would be interested to see what anyone can come up with that will change these numbers. I am not a genius, just an investor that has to reason out everything I invest in to see where the return can come from and how much it can actually reasonably be…

I didn’t come up with this plan, but whoever did was a genius. This is historic. People have said to me, “How can you invest so little and gain so much?”

Well, not in our lifetime has any country been completely destroyed, government and all with the agenda to build it back up. This plan was IMO in place before the first boot hit the ground in Iraq. It all makes sense.

Please feel free to credibly pick this apart if you can. I have studied this to no end and I keep coming up with the same numbers.

GOD BLESS THE USA :   FREEWAY BILL,

"We're All In This Together" by Dr. Dinar

Thank you Dr. Dinar

We're All In This Together by Dr. Dinar

Okay, so where are we now.

Where exactly do we stand in this seemingly never ending journey to the GCR.

Honestly, I have absolutely no idea.

And as far as I can tell, nobody else really knows either.

Yes, they continually give their best guesses but time and time again, these guesstimations are anything but correct.

Not to fault them.

After all, they're doing the best they can with what they have to work with.

Having said that, and as much as I'd love to know how close to the finish line we truly are, it makes complete sense that nobody knows the date.

Nor the rate.

For some reason that still doesn't prevent me from wanting just an inkling of info in regards to where we are on the Checklist To Completion.

If such a thing exists. Which I highly doubt it does.

Sure, they have things that need to get be accomplished.

But it always seems as if while they're working on one thing, two other must completes pop up in the meantime.

So with the one forward, two back routine always seemingly in play, how are we ever supposed to reach a conclusion.

All we can do is continue to hope that eventually circumstances will dictate that things must make a change, otherwise everybody loses.

And if you're anything like me, that script-flip can't come a minute too soon.

I recently had cause to reflect on a time when things were so much simpler.

A time when all we were dealing with was the RV of the IQD.

It was a two day trip, two weeks at the most.

We'd done the research, endlessly scowered the map, we couldn't have been better prepared.

All of our gear in order, everything laid out in front of us, To Go bag by the door.

What could possibly go wrong.

Well, as it turns out, quite a few things could go wrong. And did.

First of which was getting banned from one of the very few (at the time) reliable RV sites.

For the second time no less.

Why was I banned?

Well, silly me.

Who knew you weren't allowed to speak your mind.

To give your opinion.

To question authority.

After all, it was an open Forum format, was it not.

Apparently, contrary to popular belief, it was not.

So, after experiencing my second banishment, I determined that if I was to remain connected to the going's on in Dinarland, it was I and not them that was going to have to make a few changes.

With that in mind, I decided it was best to take on an entirely new persona, as well as a new demeanor, if I had any hopes at all of staying connected.

And staying connected, for me, was Job #1.

Armed with a new identity, as well as a new email address, I gave it the ol' college try.

Fortunately for me, the third time was the charm.

I was, as they say, in like Flynn. Whomever Flynn is.

Back in the know.

Back in with the in crowd as it were.

Up close and personal with all the best intel.

Or so I was led to believe anyway.

And you better believe I wasn't going to question it.

Nope, not this time.

I quietly sat in the back of the room, training myself to become a great listener.

As time rolled on I did become just a bit more vocal, connecting with those I resonated with, but I also paid more attention to keeping my questions, as well as my opinions, under wraps.

I will add that at the time I was also connected to a couple other private situations which afforded me an even better glimpse into the supposed behind the scenes happenings .

Keeping in mind that this was a decade or so ago and as it turns out we really hadn't a clue as to what was going on.

Not as far as the GCR was concerned anyway.

The GCR was never really spoken of, and if it was, it was only in the context of something else that was in the works but it in no way would have any affect on the RV.

What I will say though is the history lessons I received while attending those other classes was and is something I'll always be grateful for.

They served as the concrete that created my unwavering foundation, solid in the knowing that this entire GCR thing really is real.

Knowing the initial reasoning behind the RV itself, who some of the major players were, and why they were there really helps to make sense of so much of what we see today, all these years later.

Although most of the folks I've connected with throughout the years have chosen their own ways of making it through to the finish line, at the end of the day we're all heading in the same direction.

Not necessarily in the same boat, but most definitely on the same river.

I'm willing to bet that nobody that has been involved in this endeavor over 5 years ever thought things would go this way.

That it would take this long.

With so many crazy twists and turns.

That so many last broke Friday's would fall by the wayside, leaving us with far too many still broke Monday's.

Yet, here we are and it is what it is.

Nothing we can do about all the time that has passed other than cherish the Economics education we've received, as well as the like-minded friends we've made along the way.

At this point in the game, from here on out we're all paddling down the same river, heading for the same destination.

All of us looking forward to the day we can reach the shore, exchange our paddles for Porsche's (or whatever flavor of fun you desire), and move on to the life of our dreams.

Until then, please continue to do your best to hang in there.

And whatever you do... KEEP ON PADDLIN'!

Remember, we're all in this together.

Kindly,

Dr. Dinar

Disclaimer; I'm not a Wealth Manager, Financial Advisor, CPA, Tax Attorney, RV/GCR Committee member, nor am I the owner of a canoe, nor a banjo for that matter. I'm simply someone that chooses to believe in the power of positive thinking and on the odd chance this thing truly is real, I want to make sure I'm there at the finish line to enjoy it.

"You'll See It When You Believe It" By Dr. Dinar

You'll See It When You Believe It by Dr. Dinar

Good evening!

Well, it is evening.

And it's great to be alive.

Unfortunately, like many of you, my Bank account is still runnin' on empty.

Which isn't so great.

Not that I'm surprised.

Sure, all week long we've been hearing that this is our week.

Actually since last week we've been hearing that THIS will be our week.

What am I thinking.

We've been hearing the very same thing for many many years now.

That we're in the window, it has to happen now, everybody (except of course the Bad Guys) wants it to happen now.

It HAS TO happen now, or else this or that will happen.

And if this or that happens, then that will be really bad and "they" (whomever they are) don't want this or that bad thing to happen, so they will definitely do it this week so this and that doesn't happen.

Well, they didn't do it.

It didn't happen.

So, shockingly enough, this and that IS (are?) happening.

Which makes one wonder, even though we continue to hear they don't want this and that to happen and are supposedly doing everything possible to avoid this and that happening, perhaps they actually do want all this and that bad stuff to happen.

What is this, like Day 5 of the 2008 Stock Market Meltdown Flashback.

Back to a time when the markets crumbled so horribly that many, like myself, still have yet to recover.

Sure, they threw tons of money at the Banks to keep that shaky House of Cards visibly afloat.

And as difficult as it is to believe, they've managed to keep that facade floating for over a decade now.

Perhaps you can get a pig to hold still long enough to apply lipstick to it after all.

Worked for Arnold Ziffel, so why not the entire Banking industry.

In reality, that charade will have to end at some point.

You can only throw so much bad money after bad before you run out bad money to throw.

And what will happen when the smoke dissipates and the entire world finds out that nothing was ever fixed.

Nothing was ever made better.

No problems were ever solved.

They were simply covered in cotton candy and all that candy melted.

And when it melted, it did so in global proportions.

One thing's for certain, it won't be pretty.

And eyes will be opened to the magnitude of all that's been going on for far too long.

Which brings me back to my original thoughts behind this post.

That being the RV/GCR and how it relates to all of this global meltdown stuff.

For better or worse, I'm still a believer.

I believe the GCR will happen.

And when it does, the RV will be included in the soon after.

I have absolutely no idea when but I do believe it will.

The question for me now is when it does happen, will I actually believe it has happened.

And that it's okay to finally get a bit excited.

After hearing that it's about to happen, on the verge of happening and yet nothing ever happens, for far too many years, I'm not so sure I'm gonna believe it when it really does happen for real.

Even if I were to see it.

And that makes me a bit nervous.

Will I miss the Cash-Out... oops, I mean EXCHANGE window?

Or will I sleep right through the entire process, refusing to get duped yet again.

I certainly hope not.

Crazy as it may seem I'm not at all sure of what it's going to take to convince me that the release is real.

Will it be released at night?

Why not during the day?

Are weekends better?

What about during the week when all the Banks are open.

Do all the Banks need to be open?

Or should they be closed during that illustrious Saturday night "all Banks are closed" window.

All we know is that it's always 5:00 somewhere.

And the release will happen on a day ending in "Y".

Beyond that, the release date is anybody's guess.

I don't think even those that are supposedly releasing this thing have any idea of when that will be.

I doubt we'll ever get any sort of advanced notice.

None that we'll ever believe anyway.

Which, on one hand, I completely understand.

If they were to announce anything in advance, that would make this whole thing appear as if it's real.

And they can't have that happening.

And I get that.

People would scurry to buy each and every piece of "basket-worthy" currency available.

But on the other hand, it makes little to no sense at all.

It would seem to me that they'd want to eliminate the pandemonium that's been created by all of the "get to the Bank ASAP so you don't miss out on your 10 day cash-out window" hype that's been floating around Dinarland for far too long.

If you were around maybe 8 or 9 years ago then you'll surely recall all of the trouble caused by the folks stating week after week that beyond a doubt "This will be your LAST BROKE FRIDAY!"

Sure enough, first thing Monday morning numerous Bank parking lots across the country were filled with busloads of folks banging on the glass doors, demanding to be "Cashed Out".

Claiming that a certain well known Guru had promised them on Friday that the RV was going to happen over the weekend and they could simply show up at the Bank first thing Monday morning, dinar in hand.

Needless to say the Banks were on fire!

And rightfully so.

From that point on the Banks started their Recorded Ridiculousness Campaign stating "We never have, never will, not now, not ever, never, have anything to do with the dinar" followed by a loud "Click!".

Only problem with that was many of us had purchased our first dinar from those very same Banks.

So we weren't as easily swayed as others that were to arrive later in the game.

Yet, with the way things are headed, with a long rumored short exchange period looming, seems to me they're heading in the same direction.

Should they clarify things just a bit better, as far as the slowest roll-out in history is to play out.

Not only for our benefit but for theirs as well.

Hmmmm... I'm not sure.

Yes, it would be nice but at the same time, it might open up an entirely new can of worms.

Which at this point would likely be twisted into yet another delay.

The last thing we need right now is another last ditch hitch or glitch to slow this thing down any further..

So I guess all we can do is roll with it.

To wait it out.

I don't believe they think we're simply going to fade away.

It's much too late for them to hope for that at this point.

Even if they do, good luck with that.

No way us Toothless Crackheads are giving up that easily.

Right!?!

We've come much too far to bail out now.

We have to see this thing through 'til the end.

Even if we don't recognize the actual "end" when we see it.

Perhaps it's what Churchill meant when he said "This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning".

Whether it's the end or the beginning or somewhere in between, I only hope that it's closer to the end than it is the beginning because honestly, I'm pretty much done with this thing.

This adventure lost most of its allure many years ago.

At this point it's a seemingly endless, cuticle grinding, uphill marathon and I feel like Forrest Gump in the middle of the desert.

I'm worn out.

I'm tired.

I just want to cross the finish line and get rolling on my new "Pay It Forward" path.

I feel as if I've been in a time loop for the past decade and I'm ready to jump off this mind altering Merry-Go-Round before I lose my cookies.

Please continue to keep your eyes peeled for a sign.

A signal of some sort.

Something that will finally convince us that this part or the journey is over and that we can finally begin our new lives.

Lives filled with hope.

Filled with dreams.

Dreams of enriching the lives of others.

It's gonna happen.

I can only hope we believe it when we see it.

Kindly,

Dr. Dinar

Disclaimer; I'm not a Wealth Manager, Financial Advisor, CPA, Tax Attorney, RV/GCR Committee member, nor am I the owner of a vintage Bi-Plane, an old Crop Duster, nor a very large "tow-behind" banner. I'm simply someone that chooses to believe in the power of positive thinking and on the odd chance this thing truly is real, I want to make sure I'm there at the finish line to enjoy it.

So You Are Suddenly Wealthy- Now What???

Reposted for our newest members

KTFA: Servin29:  So You Are Suddenly Wealthy. Now What?

Whether you just received a sizeable inheritance or you just won the lottery, sudden wealth changes people's lives.

1. Call Your Close Family Together. Remember that, no matter what, your family and close friends come first. Call your close family members together, talk about your newfound wealth, and discuss how to proceed with the next step of surviving this major change in your lives. Just like a ship will break apart if it is being pulled in multiple directions, it is important for you and your close family to concur on your family's life goals.

2. Immediately Call an Experienced Attorney and Accountant. Like it or not, your life just got more complicated as a result of having more money. You now have to contend with new tax laws, the risk of losing everything as a result of possible lawsuits, divorce, bad investments, death, incapacity, and any number of other possibilities.

Find an attorney and accountant who has "been there before" with clients, and listen to their advice. Have both the attorney and accountant concur on their recommendations and work together. The legal and financial aspects affect every move you will make.

3. Do Not Accept the Lottery Ticket or Inheritance without Your Lawyer's Advice.

With a lottery ticket, you have options of accepting a cash payout or payments over your lifetime. There is no "correct" answer on which payout method you should choose. You should discuss your options with your attorney and accountant.

With a large inheritance, transfer taxes can be a major issue. There are many ways to structure settlements for tax advantages. You may want to disclaim part of it and give it to your children to avoid a double transfer tax. You may want to a advantageously split your personal settlement among multiple family members or have an irrevocable trust be the winner. Before you accept and agree to the big divorce settlement, ask your divorce attorney to bring in an estate attorney to help structure what you receive so as to reckon with the tax consequences.

4. Put Together a Team of Professional Advisors. In addition to an attorney and accountant, you will need a full team of other professional advisors, including a life insurance specialist, a property and casualty insurance specialist, an investment advisor, a financial planner, and even a family psychologist or psychiatrist. It is important to interview these professionals and make sure they are top-quality. Reputable advisors will save you money and help you avoid costly mistakes.

There are scoundrels out there who prey on unsuspecting, newly wealthy individuals. These people will present you with umpteen different ways for you to "invest" your money. Keep your advisory team handy for consultations as to proposals you are given. This will reduce the number of bad decisions resulting from these confrontations.

If you are suddenly wealthy, you may be either afraid of advisors or do not trust them. We suggest the following to overcome this "advisor phobia":

When you are meeting with an advisor, bring along someone you already trust, such as a religious leader, old friend, or elder member of the family. That person can give you a
Require your attorney and accountant to evaluate any business before you go into it, and to evaluate any advisor's reputation before you make a commitment to proceed with that person.

Consider using fee-based investment and insurance advisors to lessen the feeling of product sale pressure.

Arrange with others who have had sudden wealth experiences to share feelings with them. The professionals involved may be able to introduce you to other suddenly wealthy persons whom they have already helped.

Have the advisors set up educational programs for you and your family members.

Talk with the psychologist or psychiatrist on the team to find out why the family members are resisting the advisors.

The advisors on the team should be working in harmony as they interact with you. If they disagree amongst themselves, they must work it out away from you and come back to you only when they all agree.

5. Work with a Psychiatrist or Psychologist. The sudden wealth will change your life, your values, your environment, and your friends. It will be normal for you to have stress and uncertainties in your mind. Regular consultations with these professionals will help you through your new, fast-changing lifestyles. The future for you is not what it used to be.

It may be a good idea to choose a psychologist or psychiatrist to be present at all the team meetings to observe and determine if there are any psychologist problems. The psychologist may then suggest either individual consultation with the most distressed family members or some type of group therapy. That psychologist can act as a trained mediator to facilitate the settlement of any differences among family members.

One psychological problem or bitter confrontation could destroy all the fun out of the winnings unless the negative energy is dissipated through psychological consultation or mediation.

6. Set up a Strategic Financial and Legal Plan. After you set your life goals, you will want to set up the financial and legal structures and moves as a foundation for reaching those goals. You may need to set up trusts and other legal entities, not only to protect yourself from lawsuits, taxes, probate courts and family squabbles, but also to ensure continuing financial success and safety. Your attorney, accountant, and other advisors will be your architects and engineers to build a family financial fortress for you.

In setting up the strategic financial and legal plan, you usually will need right away the standard legal medical emergency documents -- wills, living wills, medical powers of attorney, durable general powers of attorney, revocable trusts, and instructions for funeral and burial.

Another need will be to set up irrevocable trusts for the children, grandchildren, and even great-grandchildren, thereby creating receptacles for tax-free gifts and life insurance, ;which will be used to pay the estate taxes on the winnings should you die.

In almost every situation with which we have been confronted, we have found that setting up a family limited partnership is helpful for holding all of the money and investments safe from creditors and facilitating discounted tax-free gifting to the next generation.

Sometimes, for the more sophisticated family, we will set up a family LLC or corporation to manage the investments; to house any business activities in which the clients want to get involved; and to enjoy fringe benefits, such as a payment of medical bills and the opportunity to deduct the expenses of having family business meetings.

In the accounting area, it is important to have a budget and a means of tracking cash flow, income, and net worth from year to year to evaluate whether the family is "keeping on course" with respect to their visions and objectives upon which they previously agreed.

7. Implement the Necessary Protective Insurance. A client who won a large multi-million dollar sweepstakes prize realized that, if she died, taxes would eat up almost 80% of what she won before her family received any benefits. We immediately arranged to offset that with several million dollars of tax-free life insurance so that the family would not lose a dime to taxes. Umbrella liability insurance in the highest amounts almost is needed to protect the winnings from unfortunate accident lawsuits.

After the insurance has been implemented as needed during the first year, the insurance advisors must continue to evaluate the financial numbers each year to see if any adjustments need to be made.

8. Set Up Trusts and a Foundation with Trustees to Screen You from Shirt-tail Relatives and Charities. If you start giving money to relatives and charities, it will be like feeding the sharks with bloody morsels of meat. Relatives will be angry that you gave more to another relative. Charities will press you for their share of your give-aways.

We recommend setting up a trust for the relatives and a private foundation for the charities with loyal trustees who will act as buffers between the family and the solicitors. You, however, set clear written policies of your giving intentions that are consistent with your objectives and your values for the trustees to implement. Trusts must be set up as discretionary spendthrift trusts to protect the newly-gained assets from predator creditors and lawsuits.

It is important for the family to evaluate the "Statement of Wishes" that they have given to the trustees of their family trusts and their charitable foundations. The Statement of Wishes provides instructions to the trustees as to how they should go about giving distributions to the family members and to charities. Because times change rapidly, the Statements of Wishes must be reviewed on an annual basis.

9. Hone Your Survival Skills. You want advisors who will teach you how to manage your wealth. At some point, you will want to be weaned off your advisors for all but periodic legal and financial checkups and emergency advice.

10. Safety First. We have noticed that highly publicized lottery winners or others who suddenly come into wealth are harassed by crank, threatening, and annoying calls. Scam artists pressure the suddenly wealthy to "invest" money with them. Family members come out of the woodwork pleading for financial support. Others have their own ideas about how you should use your money for their good.

To protect your family and maintain some privacy, we suggest that you consider some of the following precautions:

Get an unlisted telephone number.

Move to a security-protected living area.

After you implement these security measures, you can gradually invite loyal friends and relatives who will respect and preserve your privacy back into your life.

Also, the more gradually you change your spending habits, the less attention you will attract to yourself.

These are just some of the key moves that must be made so that you will become part of the 15% to 25% of people who are happy with their sudden wealth.
 
Servin

(Dinar Recaps Note: This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)

"Post RV Tips amd Suggestions" From Recaps Archives

From Recaps Archives

When this RV happens … Do's and Don't ! by Sigshome

Do take time for this to sink in .

Do not be in a hurry or impulsive .

Do pay your taxs and tithes .

Don't tell anyone about your new wealth

Don't invest with someone before checking them out .

Do seek wise counsel from someone who excels in the area you need advice

Do make a life time budget and stick to it .

Don't think you can do it alone .

Do thank God for his blessing and use it wisely .

85 % of people will lose this money in 3-5 years ...

************

Reposted for our newest readers..............

“Remember” Originally posted by 30MDinar at TNT......

Remember... to CHANGE your telephone number and EMAIL address IMMEDIATELY post RV! Think about every call you have dialed in to and how your telephone number has been captured and added to a list. Well, what happens to that list? Do you want YOUR telephone number out there on a "dinar holder" "millionaire" etc. list?

Remember - your goal should be to own NOTHING personally and be judgement proof. Think assett PROTECTION. Get with someone who is a licensed professional in good standing who knows what they are doing. Look in to trusts, foundations etc.

IMPORTANT: when you exchange - make sure you do NOT agree to give the bank power of attorney over YOUR money.

Remember... an opportunity of this magnitude may NEVER happen again. The very last thing you want to do is blow this one! Be smart and triple check everything.

Dont be quick to act. Be slow and calculating. Assemble a professional team of people who know what they are doing, are licensed, in good standing to advise you what is in YOUR best interest.

Remember... when you purchase a home, dont forget about the property taxes and insurance! Be sure to calculate how much you are going to need and set it aside for how ever many years you expect to live in that home. Many have lost their homes because they didn't stop to plan properly and ended up not being able to afford the household related expenses.

Remember... one of the most powerful words in any laungage is NO. Keep this in mind when people approach you for money! Always keep in mind that it is critical for your long term wealth protection that you hold on to your money! Of course I am NOT saying you should not tithe and be charitable. Just be smart and very careful with your money so it will last!

Remember... after you get in to your new home... take an inventory of the contents - furnishings, electronic equipment, clothes etc. Anything that you would want replaced in the event of a fire or some other disaster. A great way to do it is with a VIDEO camera. Place that video in a safe desposit box. An itemized list is also highly reccommended. Be sure to keep this list up to date to include new purchases.

Remember... make sure you properly insure your new home for both REPLACEMENT value as well as contents. Always check your coverage amounts.

Remember... people with NO money always want to join forces with someone who has money. The problem is... they usually are only interested in taking your money and rarely can they offer any value.

Remember... if you plan to hire a housekeeper, gardener, nanny or anyone to do anything in or at your home... ALWAYS check references and make sure they are bonded, insured etc. You've got to think like those who would love to cheat you out of your money and stay many steps ahead of them.

Remember... to contact each of your monthly utilities providers and ask them to add a password to your account. This means they will not give out any of your personal information without getting the correct password that is on the account. This is CRITICAL. This is a very simple and basic way crooks get access to your home address.

Remember... be very AWARE of strangers and / or inviting ANYONE whom you don't really know to your home. Its easy for people to make claims - especially when their goal is to file a claim against your home owners insurance policy or against you etc.

There are PROFESSIONAL CROOKS that prey on people with money because they see you as a payday. Think about the PROFESSIONAL FALLERS who slip and fall in the grocery store and then file a lawsuit against the chain. 

Reposted for our newest readers:

Private Banking Vs. Wealth Management: Not quite the same.

Private banking and wealth management are terms that overlap. However, the financial services offered through private banking and through wealth management differ slightly.

Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account his aversion to, or comfort with, risk and investing assets according to his plans and financial goals.

Private banking typically refers to an envelope solution for high-net-worth-individuals(HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances.

The primary difference between private banking and wealth management is that private banking does not always deal with investing clients' assets. Private bank staff may offer clients guidance on certain investment options, but not all banks will be involved in the actual process of investing assets for their clients.

Most clients utilizing private banking services open deposit accounts of one kind or another.

Wealth management employees, including financial advisors, provide advice to clients to help them improve their financial standing and assist clients in investing assets with the goal of generating high returns. In general, private banking can extend to encompass wealth management, but wealth management firms cannot provide clients with private banking facility services.

PRIVATE BANKING

In general terms, private banking involves financial institutions that provide financial management services to HNWIs. In some instances, an individual may be able to obtain these services with assets less than $100,000, but most banks that provide private banking do not accept clients who have assets less than $500,000.

Private banking tends to be exclusive and is reserved for clients with substantial amounts of cash and other assets to be deposited into accounts and to be invested.

Private banking provides investment-related advice and aims to address the entire financial circumstances of each client. Private banking services typically aid clients in protecting and growing their assets.

Employees designated to aid each client work to provide individualized financing solutions. These employees also help clients plan and save for their retirement and structure plans for passing accumulated wealth on to family members or other indicated beneficiaries
.
There are consumer banks of every size with private banking divisions. These divisions offer considerable perks to HNWIs to obtain them as clients. Private banking clients with large accounts generally receive enviable rates and concierge-like service, guaranteeing them instant access to the employees working with their accounts.

Private banking clients never have to wait in line or use a teller for services. Anything the client needs can be done with a phone call. A private banking client can contact the lead advisor working with his account and complete just about any transaction, from cashing a check or ordering more checks to moving large sums of money from one account to another.

These perks are all part of the banking institution’s plan to benefit financially. Banks pursue wealthy clients because their business generates significant sums of money in profit for the bank, guarantees repeat business and brings in new business.

Private banking clients, specifically the ultra-wealthy, discuss the specialized and elite treatment they receive with other wealthy individuals. These are new potential clients. Often, these new potential clients are mentioned to private banking divisions by current clients. The divisions then send out invitations to potential clients and often acquire their accounts through such invitations.

Private banking divisions also find new clients through the course of completing normal lending activities. The banks can access tax returns and additional personal documents and discover other potential clients through this information. Invitations are also extended to these individuals and often private banking divisions acquire clientele by doing so.

Banks draw a line when it comes to individuals who are pursued and contacted to become potential clients, and this line rests in different places for different institutions. The mass-affluent market is the major target, meaning individuals with investable assets in excess of $250,000. Some banks set a much higher bar, targeting only those individuals who have minimum amounts of investable assets in the millions.

Clients utilizing private banking services pay for the specialized treatment they receive. The bank that wealthy clients use has a guarantee of a large pool of money, in the form of the clients' substantial checking account balances, to lend and utilize.

The bank also makes money from the steeper interest charges on larger mortgage and business loans taken out by rich clients. The real money maker for these banks is the percentage earned on assets under management (AUM), which is generally quite large with HNWIs. Charging even a very small percentage fee for services that involve huge sum

Wealth Management

Private wealth management generally involves advice and execution of investments on behalf of clients. Firms that specialize in these practices are the primary sources for clients looking to invest in a variety of funds and stocks.

Wealth management advisors also help with financial planning, manage client portfolios and perform a variety of other financial services in relation to a client’s private financing choices.

Utilizing a financial advisor for private wealth management allows the client to work with an individual educated in solving financial problems and enhancing the client’s overall financial status. These wealth management advisors also help clients achieve financial goals.

Generally, financial advisors seek to assist affluent clients with private wealth management.

The advisors seek to provide the clients with ranges of financial products and services and achieve clients' ultimate financial goals.

Private wealth management services are provided by larger corporations, such as Goldman Sachs, but they may also be provided by independent financial advisors or portfolio managers multi-licensed to offer multiple services and who focus on high-net-worth clients.

A wealth management advisor sits down one-on-one with each client and discusses goals, comfort levels with risk, and any other stipulations or restrictions the client may have in regard to the investment of his assets.

The wealth management advisor then composes an investment strategy that incorporates all information gained from the client and that allows the client to achieve his goals.

The advisor continues to manage the client’s money and utilizes investment products that coincide with the client's stipulations.

Wealth management advisors cannot always offer clients the same specialized and concierge-like services that private banking offers.

However, in most cases, these financial advisors spend a great deal of time with clients. These advisors also cannot open banking accounts for clients, but they can assist them in determining the right kind of accounts to open at the bank of the client's choosing.

Read more: Private Banking Vs. Wealth Management: Not Quite the Same http://www.investopedia.com/articles/professionals/111715/private-banking-vs-wealth-management-not-quite-same.asp#ixzz3t64c3lsT

List of Bank Service to Request or Find More Information About

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

List of Bank Services to Request or find out about

The following list is from several sources. i wish to thank everyone who unknowingling contributed to this post.

LIST OF BANK SERVICES TO REQUEST

Ask the private banker or bank manager to provide the following items:

1. No spread fees or bank fees of any kind charged on the currency exchange.
(With the “1% over-nights”, the “Quarterlies” and the “fractional banking loans”, this should not be an issue.)

2. Highest interest rates available to be paid on my accounts.

3. Forever Waive all bank account fees, cashier’s check fees, notary fees, wire fees etc.

4. Bank to provide and pay for insurance to cover all account balances. Lloyds of London - Abbott Downing with WF for accts with over 50M$

5. Access to information on investments such as pre-IPOs, real estate (REO), and bank trading and sweep accounts.

6. Bank to provide a team to include a Tax attorney, CPA, wealth planner, trust attorney, Estate planning, etc.

7. Private bank debit card such as opal or black card with no RFID

8. Multiple insurance types (Health, kidnapping, etc.)

9, Low or no interest loans rate if needed in the future

10. Increased ATM withdraw limits and Use of out of network ATMs without fees

11. No foreign exchange fees for debit card usage outside the U.S.

12. Concierge services (possible Vertu phone for mainland), First class travel arrangements as needed.

13. Unlimited limo service when visiting any city, in any country other than my hometown.

14. VIP Concert tickets

The following benefits will be available and apply to all accounts as long as a minimum balance of $____________USD (or it’s equivalent) is held in one or more Wells Fargo accounts by ____________ Trust or another entity who’s primary signatory is the client, _________________________.

All benefits will be available for my immediate family (son, daughter and their domestic partners) as long as the above requirement is maintained.

Banking Services

Complimentary Notary Services
Free courier services and overnight delivery with return
Two free safe deposit boxes (largest available, at preferred branches)
No fee/charge for cashing any form of check.
Free Traveler’s Checks

Wires and Bank Checks

No fees/charges for obtaining certified/cashier’s checks or money orders.
No fees/charges for sending/receiving domestic or international wires.

Foreign Exchange

No spread fees or foreign currency exchange fees on foreign currency exchange.
Bank rate (“no spread,” zero difference) on all currency exchanges.

ATM/Debit and Credit Cards

No annual fees on all credit cards
Zero percent APR on all credit cards (Visa, MasterCard, et al) for purchases and cash advances if paid in full within six months, followed by 2% APR on any remaining balances.
No cash advance fees.
Fully adjustable debit and credit card withdrawal limits set by card holder, changeable 24/7
Guaranteed “next day” replacement of lost or stolen cards.
No fees for additional debit cards (ie “linked” debit cards for employees, children, home staff, et al with specific monthly spending and withdrawal limits set for each cardholder.)

Checking and Savings Accounts

As stated above, all accounts shall be free of all bank fees and service charges as long as the client maintains a balance of $______________________USD (or it’s equivalent) is held in the client’s accounts.

These fees/charges include, but are not limited to:

Free checks (No fees or charges for any checks, including online overnight checks/payments from BillPay).

No online banking fees, checking account or savings account fees; No ATM or human teller fees, non-system ATM fees, debit or credit card fees.

No international/foreign transaction fees; transfer redirection charges, overdraft fees, excess transfer fees, returned deposit fees, stop payment fees.

No monthly or annual account maintenance/service fees or card fees, inactivity fees, account closing fees, lost card/replacement card fees.

Any “non-system” or “out of system” banking or ATM charges/fees will be paid for by Wells Fargo and reimbursed to my account within three business days.

In the event of any accounts being closed, all estate administrator fees will be paid by Wells Fargo.

Loans

Maximum 0.5 percent above Wells Fargo’s ________ bank rate from mortgages, real estate, auto and business loans

No loan application fees

Transactions
There will be no limitations of time or amount, penalties, charges or fees on transfer or withdrawal of funds from any of the client’s accounts.

Concierge Services and Misc Benefits

Complimentary Concierge Services 24/7
Complimentary premier lounge access at airports, ballparks, arenas, hotels, clubs, et al worldwide.

Insurance

Lloyd’s of London or Abbott Downing insurance coverage for all accounts. Or something comparable.

Private Banking

Dedicated Private Banker / private banking services available 24/7
Upon request Private Banking will provide information and access to pre-IPO offerings and other “by invitation only” investment offerings.
No charges, fees or annual membership dues for full and unlimited access to Wells Fargo Commercial Electronic Office® (CEO) Portal or similar online executive banking management and market analysis services.
After hour appointments on request

Dispute Resolution

Any and all disputes will be resolved by an independent third-party mediator.
Their opinion will be binding and serve as a final ruling.
All parties will honor and abide by their decision.

Some "Blasts From the Past" from Dinar Recaps Archives

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to www.Dinarrecaps.com  . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

New York Time Kuwait Revalues it’s Currency

NY TIMES(Kuwait RV): Published: March 25, 1991

It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency......Banks reopened for the first time since Iraqi occupation forces shut them down in December.

Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.....The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis.

The invalid serial numbers were posted today in front of all banks in the city....All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid.

The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.

From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins of ±3.5%.[2] The central rate translates to approximately 1 dinar = 3.33745 dollars. From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies,[3] and is now worth about US$3.609 (€2.686). It is the world's highest-valued currency unit

http://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html

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What is Nesara????   Many sites are talking about it……here is some information

NESARA ...Forgives all credit card, mortgage, student loan and other bank debt due to illegal banking and government activities..

Information about NESARA:

Source: http://www.ashtarontheroad.com/nesara-flyer-2-8-16.html

A law was passed in the United States in March 2000 and signed into law in October of 2000. This law is called N.E.S.A.R.A. – National Economic Security and Reformation Act.  All politicians and media members are under a gag order to not speak of it publicly until it is officially announced. This new law will first be enacted in the United States and eventually will be rolled out across the world. The law provides:

     ·  Forgives all credit card, mortgage, student loan and other bank debt due to illegal banking and government activities

     ·  Dissolves the IRS and ends all income tax

     ·  Creates flat rate non-essential “new items only” sales tax (food, medicine and all used items will not be taxed)

     ·  Increases benefits to senior citizens

     ·  Returns Constitutional Law to all our courts and legal matters – re-trains all judges and attorneys in Constitutional Law

     ·  Provides for new representational elections within Constitutional Law.

     ·  Monitors elections and prevents illegal activities of billionaires and special interest groups

     ·  Ends the Federal Reserve System and begins a new US Treasury bank system  that follows Constitutional Law

     ·  Creates new US Treasury currency backed by gold, silver and precious metals,ending US Government bankruptcy. This will initiate global economic reform.

     ·  Restores financial privacy

     ·  Ceases all aggressive US Government military action worldwide

     ·  Leads to peace throughout the world

     ·  Enables release of over 6,000 patents of suppressed technologies and enormous sums of money for humanitarian purposes

The provisions of the National Economic Security and Reformation Act have been composed by visionaries who wish to correct past wrongs against the people in the United States. It is supported and inspired by statesmen around the world, as well as off-world, as a vision for global peace, freedom and prosperity.

Further information about N.E.S.A.R.A. history at these sources:

http://2013rainbowroundtable.ning.com/page/history-of-nesara-1  

www.ashtarontheroad.com/history-of-nesara.html

https://freedomforhumanity2016.wordpress.com/tag/nesara-gesara/page/12​/

For Dinar - What you will see on Forex or CBI WHEN IT RVs

$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100

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EVOLUTION OF THE DINARIAN
In The Beginning Many Years Ago           Today !!!  Need I Say More???

Don't Let This Happen To You~ Lotto Winner Loses it All

Reposted for our newest readers:

Note: All Dinarians should read this.....So it will NOT happen to you!

\InvestorChick: Lotto Winner Loses It All

I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.

She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.

Of course me being a Dinarian and riding this crazy ride along with all of the others, I have been fortunate enough over the past 5 years to have been educated by people like Tony etc and I have done my research about this kind of thing.

All of us have been told the statistics and I do realize that all of this waiting has been hard, although the real challenge comes after our blessing arrives.  

My friend told me the story of how his mother had won the lottery and how she had come to "lose it all".  

I was fascinated because although we hear about it, I had never met someone in this unique situation.  This is her story in a nutshell.  

She won 5 million dollars and was not financially educated in any formal way.  She made her decisions quickly and without professional help.  Her son told me she wanted to "show them all" who she was and rub it in their face, whoever "they" are.  

She gave $500,000 to her sister and then $600,000 to each son.  She was down 1.7 million to start and it gets dramatically worse from there.

 Her sons accepted the gift and my friend was in a not great marriage and of course since he had just received $600,000 from his mother that was not his own lotto winning or an inheritance, his wife when she divorced him was entitled to half.  

The other son burned through his quickly as he also had no formal education or did not seek professional help.

 My friend however did the wise thing and invested his remaining $300,000, he still has it 15 years later and it's making him money daily.  

I repeat, it's invested professionally and it makes him a return daily!  

This lady bought a brand new house, hired an interior designer and of course the new performance car, fully loaded.  She spent 30-40 THOUSAND per month at the casino because they were "so nice to her", no kidding!  

She brought her sister for company and of course her sister didn't spend any of her $500,000. She had an addiction to scratch tickets and lotto tickets even though she had already won.

She handed out $50 tips at the grocery store to the cashiers etc.  She had the life she always wanted and she sure made a big splash doing it.  

It didn't take long for the money to run out and her to be in a worse situation then when she won the money.  

I sat and listened in sheer amazement!  I gave her a ride home that night because the battery on her car was going and she didn't have the money for a new one, imagine!  

Her son was taking it to be fixed the next day for her and footing the bill.

 I drove her home and she went on and on about her house etc.  I drove up and although it's a beautiful place it was overgrown and unkept, no money for maintenance, the neighbours must be thrilled.  

She invited me in and was proud to show me all of her treasures.  My heart truly went out to her as there she was and now it's all gone and the house will be going soon too.  

I looked at her and gently asked if she had to do it all over, what would she do different?  She looked down and thought about it, looked up at me and said she would have got some help.  

Everyone was my friend, she said, until the money ran out.  I wished her good night and got in my car and thanked God for that experience in person and up close.

 It's real, it happens and it will happen to some of you. 

I told her son about this investment and he has some currency, I know she will be looked after but it sure makes you think.

How many shots at wealth does a person generally get in their lifetime?

 I'm thinking not too many.  

The sad thing about it, is how much she gambled away looking for money and "the win" again.  

Folks, when this blessing arrives, your ship came in and this for most of us will be the one shot you get at wealth.  Don't waste it!  

There are several lessons to be learned from this story.

Be wise, move with caution and be deliberate with your actions.  I truly hope by sharing this story, it can help at least one person, my eyes have sure been opened!

Private Banking Vs. Wealth Management: Not Quite The Same

Reposted for our newest readers:

Private Banking Vs. Wealth Management: Not quite the same.

Private banking and wealth management are terms that overlap. However, the financial services offered through private banking and through wealth management differ slightly.

Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account his aversion to, or comfort with, risk and investing assets according to his plans and financial goals.

Private banking typically refers to an envelope solution for high-net-worth-individuals(HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances.

The primary difference between private banking and wealth management is that private banking does not always deal with investing clients' assets. Private bank staff may offer clients guidance on certain investment options, but not all banks will be involved in the actual process of investing assets for their clients.

Most clients utilizing private banking services open deposit accounts of one kind or another.

Wealth management employees, including financial advisors, provide advice to clients to help them improve their financial standing and assist clients in investing assets with the goal of generating high returns. In general, private banking can extend to encompass wealth management, but wealth management firms cannot provide clients with private banking facility services.

PRIVATE BANKING

In general terms, private banking involves financial institutions that provide financial management services to HNWIs. In some instances, an individual may be able to obtain these services with assets less than $100,000, but most banks that provide private banking do not accept clients who have assets less than $500,000.

Private banking tends to be exclusive and is reserved for clients with substantial amounts of cash and other assets to be deposited into accounts and to be invested.

Private banking provides investment-related advice and aims to address the entire financial circumstances of each client. Private banking services typically aid clients in protecting and growing their assets.

Employees designated to aid each client work to provide individualized financing solutions. These employees also help clients plan and save for their retirement and structure plans for passing accumulated wealth on to family members or other indicated beneficiaries
.
There are consumer banks of every size with private banking divisions. These divisions offer considerable perks to HNWIs to obtain them as clients.

Private banking clients with large accounts generally receive enviable rates and concierge-like service, guaranteeing them instant access to the employees working with their accounts.

Private banking clients never have to wait in line or use a teller for services. Anything the client needs can be done with a phone call.

A private banking client can contact the lead advisor working with his account and complete just about any transaction, from cashing a check or ordering more checks to moving large sums of money from one account to another.

These perks are all part of the banking institution’s plan to benefit financially. Banks pursue wealthy clients because their business generates significant sums of money in profit for the bank, guarantees repeat business and brings in new business.

Private banking clients, specifically the ultra-wealthy, discuss the specialized and elite treatment they receive with other wealthy individuals. These are new potential clients. Often, these new potential clients are mentioned to private banking divisions by current clients. The divisions then send out invitations to potential clients and often acquire their accounts through such invitations.

Private banking divisions also find new clients through the course of completing normal lending activities. The banks can access tax returns and additional personal documents and discover other potential clients through this information. Invitations are also extended to these individuals and often private banking divisions acquire clientele by doing so.

Banks draw a line when it comes to individuals who are pursued and contacted to become potential clients, and this line rests in different places for different institutions. The mass-affluent market is the major target, meaning individuals with investable assets in excess of $250,000. Some banks set a much higher bar, targeting only those individuals who have minimum amounts of investable assets in the millions.

Clients utilizing private banking services pay for the specialized treatment they receive. The bank that wealthy clients use has a guarantee of a large pool of money, in the form of the clients' substantial checking account balances, to lend and utilize.

The bank also makes money from the steeper interest charges on larger mortgage and business loans taken out by rich clients. The real money maker for these banks is the percentage earned on assets under management (AUM), which is generally quite large with HNWIs. Charging even a very small percentage fee for services that involve huge sums.

Wealth Management

Private wealth management generally involves advice and execution of investments on behalf of clients. Firms that specialize in these practices are the primary sources for clients looking to invest in a variety of funds and stocks.

Wealth management advisors also help with financial planning, manage client portfolios and perform a variety of other financial services in relation to a client’s private financing choices.

Utilizing a financial advisor for private wealth management allows the client to work with an individual educated in solving financial problems and enhancing the client’s overall financial status. These wealth management advisors also help clients achieve financial goals.

Generally, financial advisors seek to assist affluent clients with private wealth management.

The advisors seek to provide the clients with ranges of financial products and services and achieve clients' ultimate financial goals.

Private wealth management services are provided by larger corporations, such as Goldman Sachs, but they may also be provided by independent financial advisors or portfolio managers multi-licensed to offer multiple services and who focus on high-net-worth clients.

A wealth management advisor sits down one-on-one with each client and discusses goals, comfort levels with risk, and any other stipulations or restrictions the client may have in regard to the investment of his assets.

The wealth management advisor then composes an investment strategy that incorporates all information gained from the client and that allows the client to achieve his goals.

The advisor continues to manage the client’s money and utilizes investment products that coincide with the client's stipulations.

Wealth management advisors cannot always offer clients the same specialized and concierge-like services that private banking offers.

However, in most cases, these financial advisors spend a great deal of time with clients. These advisors also cannot open banking accounts for clients, but they can assist them in determining the right kind of accounts to open at the bank of the client's choosing.

Read more: Private Banking Vs. Wealth Management: Not Quite the Same http://www.investopedia.com/articles/professionals/111715/private-banking-vs-wealth-management-not-quite-same.asp#ixzz3t64c3lsT