Understanding Contract Rates

Understanding Contract Rates. Why, How, When and Your Safety.

Post From TNT By MacJedi

The Question was asked: Do you know where I could find more information about what a contract rate is and how to negotiate with contract rates? Thanks!

I will give you the run down on that in the short version.   The US, China and Iraq have worked together to form kind of an alliance which deals with oil futures. 

This means that instead of Iraq having to foot the bill for all the money that will be exchanged, they will get the US and China to payout the money for the revalued currency as China seems to have most of the money in the world and the US just creates money out of thin air anyway. 

So how are all the people going to get paid when the big fat bill comes in for this high value payout for currency that used to be next to worthless?  Here is where the contract rates come into play...

China is willing to payout on exchanges done through their holding company...  So let's just say for simplicity sake that they would have to payout a total of 10 billion in revalued monetary funds to people bringing in the Iraqi Dinar.  This is done through funds already held by China.

So you, the exchanger get the healthy sum of digital money in your bank account from exchanging your foreign currency...  China paid that to you in exchange for the foreign currency you gave to them.

Now it is China's turn to make a profit on this transaction.  China now holds credits, let's call them units...  One unit for every single Dinar you exchanged to them.  These units will have a value at each intersection of the journey of the transaction until it reaches it's final destination.

First the near worthless currency was acquired at an International money auction more than likely from a US currency dealer.  That dealer in turn sold it to a customer which was more than likely you and other similar people.  At that moment, the dealer made a profit by selling high and buying low.

You now hold the currency in HOPES that it will be announced Internationally that it's value has increased and it is now tradable for a considerable higher rate than you paid.

This is the moment you can make some decisions.  Do I run to the bank and exchange this currency for the International announced value? or do I secure an 800 phone number and attempt to make a contract rate deal?

So first understand what a contract rate deal is.

Here it is in simple terms:

Iraq has lots of oil, China and the US would like lots of oil...  Here is the simple version of what will take place.  The US and China want to get as much foreign currency units as they can get because this deal has offered China and the US upwards of $50 in oil credits per unit for every Dinar presented for exchange credit.

China does not care how much they spend per unit within reason but more so they care about how many oil credits they can collect.

If for every unit, China and the US can secure near $50 worth of oil, they win BIG!  If Iraq does not have to foot the bill for the exchange money and instead all they have to do is provide oil to cover the bill and this can be done over a period of 60 years as this is what is considered oil futures, they will win big also.

When attempting to secure a higher rate than that which will be announced Internationally, your intent will be to connect with those who are offering a higher rate than the International rate.

This will be done through channels which are trained and informed as to the details in bringing you this higher rate.  800 numbers are said to be your connection to such extra ordinary situations.

 Some exchangers will be lucky enough to already know trained wealth managers able to accommodate such transactions.

The basic idea to contract rates is that there is a bit of a competition between China and the US as to how many units can be collected and used towards oil futures.  Over time we observed as China and the US offered more and more to exchangers to gain a loyal exchanger.

At one point the contract rates were said to have gotten as high as near $40 per unit, still leaving the offering countries a $10 per unit profit.

WIth the advent of early exchangers and the political need to limit the amount an exchanger can receive, that contract rate has made dramatic drops in value.  It is hoped that there will still actually be a contract rate left by the time this becomes an International announcement...  So we continue to hope.

The downside of taking the contract rate offered through the private exchange is your loyalty and silence through a signed Non Disclosure Agreement.

The penalties of breaking such an agreement and letting the proverbial "Cat Out Of The Bag" could result in criminal charges and an erasure of any funds received through this exchange event.  Only the secret keepers need apply.

800 numbers are still said to be made available for a contract rate negotiation upon the International announcement of the currency revaluations.  Those numbers will become public in a way determined by the designers of this coming event.

It has also been rumored that the Vietnam Dong may somehow be involved in a similar contract rate.

There is a possibility that he contract rate may have a very short shelf life after the announcement and even possible that by the time this actually does happen that the set pool for contract rates may be close to being exhausted, leaving only the International rates as the only choice for negotiations.

How to negotiate for contract rates if the opportunity does present itself.

Firstly... remember to look the part, act the part of a responsible money handler...  Be respectful.

Secondly...  Ask to see contract rates on bank screens and request the highest possible.

Thirdly...  Be wise and offer a close knit partnership with your exchange officer in making the most of the funds for future gains.

Last but not least.  Hold out at least 50% of your exchange proceeds as you still do not know how your government officials will seek to extract as much as possible through taxation.

Remember, money is an agreed upon value which translates into mass public acceptance...  Money's value comes from human perception which at any one point can change... 

Therefore don't forget the ways in which value can be converted into solid tangible assets which hopefully can stand the test of time better that perceptions can.

DAZ Comments:  IMO IT WILL BE UNLIKELY THAT ANYONE WILL HAVE THE OPPORTUNITY TO REVIEW A CONTRACT RATE PRIOR TO FORMALLY AGREEING UNDER CONTRACT TO NOT DISCLOSE THAT INFORMATION

AND EVEN IF THE CONTRACT RATE OPTION IS NOT CHOSEN THE NDA WOULD THEN HAVE TO REMAIN IN EFFECT AS AGREED.

THE PURPOSE OF THE NDA IS TO PROTECT THAT RATE AND TERMS INFORMATION...SO TO VIEW IT WITHOUT THAT PROTECTION IS UNLIKELY

SO PLUG THAT INTO YOUR THINKING  -  DAZ

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What Would You Do With a One Million Dollar Windfall?

From the Recaps Archives originally posted on 4/30/2019

What Would You Do With a One Million Dollar Windfall?

Post From  Financial Pilgrimage  April 29, 2019

How many of us have thought to ourselves, “If I only had a million dollars all of my financial troubles would go away…”?

I know I have.

A million dollars is a tricky amount of money to think about. While it can be life changing money, it’s probably not life changing enough to live off for the rest of our lives without some work. 

The reality is that if most people received one million dollars, half of the money would be gone to taxes, a few hundred thousand dollars to paying off debt, and the rest spent on expensive cars, vacations, etc.

I remember being five-years-old and even $5 seemed like one million dollars at the time. As little as $1,000 seemed like a million dollars when I was a teenager. Now that I’m older, one million dollars doesn’t quite seem like one million dollars (if that makes sense).

For the sake of simplicity, we’re going to assume this one million dollar windfall is tax-free. Now the question: What should we do with the money? The easy and boring answer is put the money in a brokerage account, invest it in something safe, and apply the four percent rule.

The four percent rule is a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year, while limiting the chances of running out of money (thanks, investopedia). This would provide you with $40,000 of income per year without lifting a finger.

For the purpose of this article, let’s think through the options a little more. Instead of dropping the money in a low risk index fund, let’s invest in something more interesting such as buy and hold real estate.

Our One Million Dollar Windfall
One Million Dollars Remaining…

First, 10% of the one million dollar windfall would go to charitable causes, so there goes $100,000 right off the top. It’s easy to give away six figures of virtual money, and I hope we’d have the discipline to do the same if this situation ever occurred.

The majority of this money would go to causes and organizations where we already contribute. However, we’d use a good chunk of it to give freely when the occasion called for it.

We could pay for the meal of the table next to us at dinner, buy groceries for the family behind us at the store, or make a donation to the gofundme page of someone who is truly in need.

I personally get a lot of satisfaction from helping others and we would have fun with giving away this money. In fact, I think the financial independence community could make a huge impact on the world with a bit more generosity.

To continue reading, please go to the original article here:

https://financialpilgrimage.com/if-i-received-a-1-million-dollar-windfall-i-would/

The Velocity of Money by Virginia Gentleman

The Velocity of Money by Virginia Gentleman

From the Recaps Archives posted on 6/1/2019

Re-posted just in case our Exchange Appointments are really close!!!

From Virginia Gentleman VELOCITY OF MONEY

I know I don't have to state the obvious...GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.

As we get ready to punch it in, please remember to act like you've been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.

Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.

Don't hoard it, and on the other hand, don't waste it or give it all away. Save, invest, and spend wisely.

One of the single best things you can do with a small portion, and in effect a very small portion, is to be more generous over at least the next 18-24 months (or the longer) spending your money locally. What do I mean? The answer is the ‘VELOCITY OF MONEY’.

The Velocity of Money is a fairly simple financial concept where a ‘community’ can be positively impacted by the way a group of individuals increase the spending of their money in their economy, and in turn, the ripple effect of that spending as it accelerates throughout that same economy.

It can be local, regional, national, and even global. Velocity of money is most effective in a smaller market with the smaller more predictive population of a local economy, and it isn’t just effective, it is fun for the people spending their increased earnings, or in this case, significant returns on an investment. Yep, that is you!

Anyone who has ever lived in a small town or Suburban area where a new large company has come in and opened a large facility and hired a large amount of employees has witnessed this phenomenon.

Money gets pumped in and spending from increased disposable income begins to spread out through the entire community finding its way into the wallets of all the inhabitants.

The goal is to spend your money at local establishments on services, appliances, home improvements, food, entertainment, and such.

More precisely on things like tipping an extra 5-15 percent, using a valet to park at the local steakhouse (tipping extra), go hear a local band (put money in the tip jar), buy cheese or pork or beef at a farmers market instead of 2 month old shrink wrapped processed cheese from a Big Box store or grocer, get an extra manicure or haircut (tipping extra!), get your car repaired at the mechanic down that side road instead of Walmart or the Dealer.

Buy those nicer hiking boots ‘Made In America’, get your computer cleaned up by that geek in the shop she set up in the old 7-11 building, buy your lumber from the local milled lumber supplier not the National Chain hardware store, deal with a local community bank or credit union with a substantial portion of your money… you get it now right.

Think about it. You may be spending either the same amount or perhaps an extra 10-20%, and you’re getting the same things… OFTEN WITH THE BONUS OF MUCH HIGHER QUALITY PRODUCTS WHILE GETTING TO KNOW YOUR NEIGHBORS ON MAIN STREET!!!

I personally look forward to trying some of the world’s best Craft Breweries in Richmond (tipping generously) and touring some of Virginia’s wineries (tipping generously)… jealous of you Kentucky folks that can tour the best ‘Bourbon’ distilleries on the planet, or you ‘Whiskey’ lovers in Tennessee just outside of Fayetteville down the Admiral Frank B Kelso highway or those in Nashville who can wander in a restaurant and catch a ‘local’ band like Kenny Chesney, lol. Believe it!

By doing this the dominoes of positive change begin to fall within your local community. The ripple effect is that the waiters, mechanics, manicurists, hairstylists, valet, carpenter, plumber, artisan cheesemaker, farmer, and others in your community begin to make more money.

And what do they do? They go out and spend more, tip more, consume more. Your local tax authority makes more sales tax revenue and spends it on improvements.

I’m in America, but the Velocity of Money is true in Canada, Great Britain, Iraq, Vietnam, or anywhere. And guess what? Since this is fun stuff you’ll be doing while spending your hard earned money, you will also be wearing a BIG smile.

There is nothing more infectious and quick to spread goodwill than passing on your smile accompanied by kind words. So be wise with your prosperity and have some fun …LOCALLY.

Even pay attention to those companies being loyal corporate citizens to us through the new Trump incentives to stay and manufacture here, and be loyal to them.

Not a bad time to avoid items and foods imported from Mexico for example …no Avacados or Corona at my Superbowl party this year, which is an example of the deceleration of the Velocity of Money.

The fruit you bear will fall from your tree and spread its seeds…

Live and grow in the nine fruits of the Spirit and you will sow the nine fruits…

Love, Joy, Peace, Patience, Kindness, Goodness, Gentleness, Faithfulness, and Self-Control.

Take care –Virginia Gentleman

How Will You Handle Close Family Members?

How Will You Handle Close Family Members?

By Muhammad Ali

This is a very delicate subject and the nice thing with this long wait for the RV, I have had many years to think about and research it. So in this article, I'd like to share some ideas from my research. I too have family and I also want to help them along with some of my friends and neighbours.

On my Currency Exchange Planner website, I have a Survey and one of the questions I added was:

Who do you plan to help your immediate family, extended family (brothers, sisters, and in-laws), charities or community?

My Family

Extended Family

Charities

Community

(Choose all that apply)

I have had many people complete the survey and I look thru each result and what I've noticed by far the most prominent choices are My Family and Extended Family, then Charities and Community.

So this tells me there is a lot of truth in the saying Charity begins at home. For the sake of this article I will group your family and extended families as just family members, this will also include friends or neighbours that you plan to help.

Now we all have family members that we want to help and possibly some members that we do not want to help, for various reasons, but the question is, not whether we want to help them, rather what do we tell them when they ask where did you get the money from?

This is the tricky question and will require careful thought and consideration and the answers may be different for each and every one of us especially when it comes to the amount of how much that we want to give them and how much currency we hold, but is there a general response that we can use?

If we tell them the truth that it was from a currency exchange, we may get bombarded with additional questions, such as, well how much money did you make? Or, since it was easy money, why don't you give me more money then? After all, you can just go buy more currency right? This already shows that they lack an understanding of this investment.

Chances are once the money you've given them runs out they will be back for more. So will you become the continual ATM of the family?

So these are the guaranteed challenges that we will face after the RV, and with some basic thinking and preparedness now, we can be ready for this obstacle when it faces us.

The first challenge you will face is how much are you willing to give to your family? And how will this affect your balance of exchange money? So this is something that many people don't really have a clue.

I am a true believer of give and you shall receive. God is Great and Merciful, so give from your heart, but at the same token have a sense of what you're doing. Know how much you are giving out, and how much you will have left over.

In your planning you should be in control of your money not your emotions controlling your money. After all, we are the ones that waited and sacrificed all of these years, reading news and hearing soon...soon...soon, not our families. They didn't wait up 'til 3am because there was a Red Alert notice for RV the same night. Did they?

So for this very reason, I added a Family Gifting section in my Currency Exchange Planner that you can list down the family members that you want to gift to and how much you plan to give them, then you can immediately see how these amounts affect your bank balance.

Then if required, you can change and adjust your contributions. There is also a Charity planning section in the program so you can see how that would affect your balance too.

So I believe this is the first step, once you've determine who and how much you plan to give the next step is deciding what to say to them.

If you were giving them $500 or $1000, it's probably easy to say that you got an extra bonus at work or an old friend paid back a long overdue debt and you just want to share a little bit with them. How about if you wanted to give your family a million or more? What would you tell them, then? Also do you plan to give them in one lump sum or break it down into smaller payments over time? Questions to think about right?

So the next thing you want to think to yourself is do you want to tell them the truth or not? And if you tell them the truth, what would be the consequences of those actions? If they already know about the RV, then it's difficult to hide the fact of where the money came from, because they are going to figure it out sooner or later. Always bear in mind that their motivations may be different from yours.

You may feel pressure (imagined or otherwise) to make promises to people, which will compromise your financial future. So let's assume they don't know about the RV, as you've never mentioned it to them before.

Now, from my research on this subject, I've seen various kinds of responses, some advice I have seen is to take the low profile route and avoid or be careful of family. Your lawyer, wealth manager or financial advisor will usually tell you that your new wealth may attract new friends, and estranged family members may pop out of nowhere.

In fact, it is quite common for advisors to suggest directing requests for money from family to the advisor. Sometimes this can be a good idea and it puts some distance between you and the family or friend. So that is good advice to remember.

Another advice that I want to share with you is it may appear to you that your family may start acting friendlier and more affectionate than before. This show of affection often makes it worse, because you'll suspect these people are interested in the money and not in you.

So please be careful to keep your emotions in check and controlled. It is one thing to be paranoid about your families gunning for your wealth but don't take it to extreme levels as you will be the one who will have the stress and psychological impact. In other words, don't let your own behaviour be part of the problem, as well.

Now the above kind of advice is fine if we plan to take the low profile route, but what if we truly wanted to open on telling our family but at the same time protect ourselves from them bombarding us with sensitive questions and exposing too much of our currency exchange to them.

I always believe that honesty is the best policy, and I teach this to my children as well. However, in this case we may need to stretch the truth a little. Keep in mind, another reason for not telling everything especially to our children, is for their own protection.

When their friends suddenly come to know that their best friend is now a multi-millionaire their friendships will change. So until the point that your children transition into the wealth, best to keep them partially in the dark, for their own good.

About letting your extended family and friends know, it's best and advisable to keep your sudden wealth situation as private as possible. If you really need to tell someone, only tell really close friends or family, the fewer people who know the better.

If you do tell, keep the information minimal, for example, let's say you're holding Dinar, Rial, Dong, Zim and Rupiah but you only tell them 1 currency, say Dong or Dinar, which ever it is, maintain 1 and maintain the same cover story to whoever you need to tell. This is to avoid unsolicited advice and pressure from others.

Here are some other things that you can tell them about the balance of your money, you paid off all of your debts and blocked off 40% for taxes. Then you invested in an account that you can only withdraw money from in 5 years or that you purchased government bonds with any extra cash you have and they cannot be cashed in for 7 years.

Indirectly, you are telling them that no financial commitments are going to be made for some time to avoid causing them any offence.

As far as I can see it, there really is no upside to telling your extended family or friends everything - they’ll either sponge off you until all the money is gone or they’ll hate you for not giving them all your money.

The point is, when people think there is a safety net to catch them, they’re more comfortable with jumping out of the burning building instead of working their way through the fire to make it out.

I just want to clarify one last point, make a distinguishment between immediate family, extended family, and friends and neighbours. Your immediate family will be your spouse and your children, your extended family are your brothers, sisters, in-laws etc. and friends are well, friends.

I, particularly, want to mention about your immediate family, depending on your age, your children could be still in school or married with their own children and working. Eventually, we will want to pass on our wealth thru our wills to our children (unless you have another plan).

In my previous article called "Preparing our Children to Inherit Wealth", I talked about passing down our wealth to our children and I explained that even though we use lawyers and advisors and do the proper paper work, many times it breaks down and there are problems, and the main problem is communication.

The advice that I shared was to have regular meetings with your children and share your dinar stories and experiences you had while waiting for it to happen.

It is my suggestion that when you feel the time is right and you feel that your children have transitioned into the wealth, tell them everything, even though you may have held off telling them the complete truth at the beginning. As for your extended families, friends and neighbours always draw and maintain a line with them.

This subject definitely needs more research on your own. I did a search on Amazon and there are over a dozen books on Sudden Wealth and how families coped with it.

I would strongly suggest taking a search thru Amazon or your local book shops and read some of the books' descriptions and reviews and then pick up a copy of a book that you feel comfortable with. The more you know on this subject, the more informed you will be and the more you can keep a handle on it and handle those around you.

Visit my website and get a hold of my currency exchange planner, it will help you with your family gift and charity planning.

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali www.CurrencyExchangePlanner.com

https://www.currencyexchangeplanner.com/article-26-handling-family-members

What to Do Right Away After Inheriting Money

What to Do Right Away After Inheriting Money

By Rick Paulas

The first thing to do is absolutely nothing. Turns out, grandma was hoarding millions. Or grandpa. Or maybe your old ex who forgot to update their will, or your aunt who you had a close relationship with, or you’re a participant in any number of scenarios where huge inheritances suddenly come out of nowhere. Or, you won the lottery.

The point is, you’ve come into a “life-changing” amount of money—a specifically murky description, as it can mean something else for everything—and you had no idea it was coming. So, what do you do?

The first, and most important thing, is to do absolutely nothing.

"HOLD IT AND DON'T DO A THING FOR THREE MONTHS!!!” is what the finance blogger J. Money adamantly recommends. “Then once it soaks in and you've had time to let the feelings and ideas settle, start taking action.”

We’ve all seen stories of the instant-rich being bombarded with requests from every other third cousin or long-forgotten high school chums looking for interest-free loans or “investment capital” for their “back-scratcher with a mp3 player” idea or whatever.

(There’s a famous “statistic” that 70% of lottery winners end up bankrupt in a few years; a statistic that is utter bullshit, but that doesn’t mean people with new windfalls don’t get harassed by friends and family for portions of said windfall.)

By putting a bold and strict moratorium on doing anything with your new money for a period of time, you can avoid this initial onslaught of leeches.

Why You Need To Be Extra Careful

But outside forces aren’t the only problems you have to ward off. There’s also that devil on your shoulder, pointing out that luxury car you’ve been pining over, or conjuring dreams of a boating trip around the world, or stupidly giving you the idea that trying a burger that’s been idiotically infused with gold flakes is necessary.

Getting a surprise inheritance can make you especially susceptible to doing something dumb with the cash. “It’s found money, so we think about it differently than money we earn,” says Paul Golden from the National Endowment for Financial Education, a non-profit that educates the public on financial decisions.

“It comes with a misconception that you’re never going to have to worry about money again. But it’s the opposite. You’re going to have to worry more than ever before because there’s a lot of decisions to make.”

You also need to be aware of how your emotions can cloud your judgment. “People have a really hard time going through the grief process and the emotional swings that come with managing this money,” Golden says. “There might be a dynamic in the family that is rough to manage. Resentment and anger come into play.”

What To Do After Doing Nothing

When you're ready to take some steps with the money, it helps to have a plan. If you're not sure what to do, a certified financial planner can help you compose your personal spending Wish List and figure out how far your inheritance can go to get you there. But you can also figure this out most of this on your own too.

To continue reading, please go to the original article here:

https://www.vice.com/en_us/article/pavbgb/inherit-money-spend-save-plan

Banking Perks for the Rich That Will Make You Green With Envy

Banking Perks for the Rich That Will Make You Green With Envy

By Destiny Lopez 

 Famous faces are known for getting mountains of free stuff and special treatment. And the bank is no exception. Forget cars, jewelry and runway fashions. For the ultra rich, the particular bank they use and the options available are the ultimate status symbols.

Bank branches have levels, or tiers, of service.

Making large deposits and keeping your stacks of cash in the bank has its perks. Your bank will make sure you are taken care of, as financial security (which means less stress), does a mind and body good.

​From jumping the line at your local branch to private wine tastings with your banker, here are banking perks of the famous and ultra wealthy.

 What is your daily ATM withdrawal limit? Maybe $300 or $500? Non-private banking branches with celebrity sightings may allow higher ATM withdrawal limits. A recent and sad example of this perk is Philip Seymour Hoffman, who withdrew $1,200 from a grocery store ATM the evening before his untimely passing.

Has your debit card ever been declined when making a large purchase? This is a standard security feature at most banks. The situation is handled with a quick phone call and your bank representative increases your POS or Point of Sale limit.

 However, the well-off usually don’t have this issue. Celebrities are offered higher POS limits, a higher overdraft limit, and may even be able to use out-of-network ATMs for free.

 24-Hour Access

 The world of private banking can be so exclusive that even some celebrities don’t make the cut. The requirements, of course, vary. Some private banking branches require a minimum of $100,000 net worth. Other branches, mostly overseas branches, are by invite or reference only. However, when you become a client, one thing that remains constant is the unheard of access to your banker.

 Its been reported from former tellers that private banking clients have direct access to their banker. And we’re not talking about an automated system where you are prompted to dial an extension. Clients have their bankers cell phone numbers and even home phone numbers.

In case you can’t reach your banker at the branch, any banker available will immediately assist you. There is a 24-hour phone line for after-hours banking needs.​

To continue reading, please go to the original article here:

https://www.mybanktracker.com/news/2014/04/09/banking-perks-famous-ultra-wealthy/

My Thoughts on Gold and Silver.

My Thoughts on Gold and Silver.

By Muhammad Ali

​I have had several people contact me about my opinion on what will happen to Gold and Silver.  So this article, in a way, is a follow up to my previous one, titled "Precious Metals - My Plan B".

​First, let me just give you some of my background so you know that I have a bit of experience on this.  I've started trading Forex, since 2000, while I was living in Canada.  My first Forex course was Steven Nisson's candlestick training on VHS.  I still have it and autograph books of his.

 I spent a small fortune on training courses and books and from live trading experiences.   I continued trading when I shifted to Malaysia in 2004 and around 2009 I opened my own Forex Company here, taught courses on Forex and trading for people as well as providing online signal services. 

I have had my own traders and I did all the management for the company.   I had a 15,000 square foot office in the heart of Kuala Lumpur.   I had clients subscribing to my signal services from over 100 countries.  I had professional services charging $500 US per month for signal services. 

I've truly gone thru a lot in Forex, experimented with hundreds of robot software, known as E.A. (Expert Advisors) and trading systems and indicators.   Then I just had enough of it all and stopped, but God had his own plan and brought be back to Forex via the Dinar, so now I just deal with the physical currency, less stressful.

​But during my years of intense study of charts, I learned about a man named Tom Williams.   Here's a short YouTube video and Tom's tells you some very important psychological aspects of the markets and people.

Smart Money Drives the Financial Markets?

https://www.youtube.com/watch?v=6jwEwlZnSFY&feature=emb_logo

Now, just to further tell you who Tom is, he's a syndicate trader or professional trade or the Smart Money.  They all mean the same thing, these are the people who move the markets, who manipulate and control the markets via the media.

​I bought all his books, his courses and his software and studied intensely and learned a lot.  One thing I did learn, is the charts lie to you, candlesticks lie to you, the charts do not show the movement of the smart money. 

These people must have a Klingon cloaking device because they are invisible to the eyes of the people.  There is ONLY 1 indicator that the smart money cannot hide from, the volume indicator and interestingly enough, 99% of all the traders out there do not use the volume indicator nor understand how it works.  But this is the ONLY indication to know when the Smart Money is beginning to make their move.

​I've witnessed first-hand the manipulation of the Smart Money and the manipulation of the brokers as well.  The difference with a person's trading platform as compared to the smart money is you see your trades taking place, whereas they see everyone's trades taking place.  So they have the added advantage over us.

​So now, fast forward, 19 years later, that gives you a brief background into my experience, so let's get into today's article.

​I am a firm believer in Gold and Silver.  They are and will be the money of the future that is without any doubt.  If you take back anything from my article today, it's that, after the RV, you MUST buy some physical quantities of Gold and Silver.   This is the very reason why I added the precious metals tab in my Currency Exchange Planner, as I believe your exchange plans should or must include gold and silver.

The difficulty with most people today, including myself, we lack the capital to buy any large amounts of these precious metals, but all that will change with the RV.  I have educated my group to invest into these currencies, that we all hold, and after the RV, you'll now have the capital to secure more precious metals.

​Between the two metals my preference has always been towards silver and I am sure we will one day see the two metals at par.  Silver is in much more of a shortage than gold and also more of a demand.

Thru my study of Forex and the smart money what I've come to realize the hard way, the markets are manipulated and it's not a level playing field.

And, thru my study of charts and breakouts and again following the smart money, here's what I believe will happen.

Since 2014, I have said you will not see gold and silver go anywhere until the RV happens.  Until that point, you will see these two metals just bounce in a range, which is what they have been doing for the past 5 years.  Recently you've seen gold starting going up but it's still not going anywhere, it's still controlled.

​When the RV happens, you will see both start to shoot up, the fake media will jump on it with their propaganda pushed by the smart money and this is directed to the people to get on the bandwagon and buy gold and silver, to get in while the getting is still good before it shoots thru the roof.  All this is planned, as with what Tom Williams said in the video above.

​What I suspect will happen is this will be a false breakout.   If you're studied FX charts and triangles you'll know what I mean about breakouts and false breakouts.  The Smart Money are manipulating the prices making people jump in, making them believe that the gold prices have broken out of the range and now moving up, they'll raise the price a few hundred pips, believe me, they can do it anytime they feel like it.

   What I predict will happen, is that after a lot of people join into the buying streak and feeling they are comfortable and happy with their investment, then out of greed, the people will try to find more or borrow more money to invest in gold and silver. 

The smart money will know the timing, and then they'll pull the rug right out from under everyone and will drop the price by 50% or more in the span of 1 hour, it'll be a sudden drop and you'll see silver prices and gold prices even lower than what it is today.  It would happen too fast to be able to do anything about it.  That, in essence, is a false breakout.

The fake propaganda media will again get on with telling everyone to get out before metals hit rock bottom.  All these fake news propaganda created by the Smart money.

For those buying physical will be alright, as they own the physical gold or silver bullion some may panic and sell their bullion and some will still hold on to it.

​Those trading gold and silver online will be wiped out, by margin calls or stop losses triggered.  These are the people the smart money is targeting.  Millions of people will be wiped out financially.

​Once the price is dropping and has dropped the smart money will be there to buy up at dirt cheap prices that people once paid a hefty price for.    As Tom said in the video, this is what they do, when the news says to sell, the smart money are buying.

​Now, why do I believe this will happen the way? Well, this scenario has happened over and over and over again with Forex currencies, commodities, stocks and will continue to happen. 

I've seen it, I've gone thru it, and it adds an enormous amount of stress to your mind and body.  The smart money is masters at manipulation and they do not give a ** about you.  

That's why they say 98% lose their money in Forex and only 2% make money, because they don't understand how the smart money trades and they don't trade with the smart money.   If you trade against the smart money you'll surely lose it all.  

All this will just be a game to them, another opportunity to take your money and I believe where there is opportunity for the smart money to do it, they definitely will.

After the false breakout and the precious metals drop, millions were wiped out from their trading positions on gold and silver, the smart money are buying once again and will then move the prices of gold and silver higher and higher and higher.  Remember, I said, this is all but a mere game to them. 

They care not if you are wiped out and crushed.  Their egos are so high; they are so full of themselves that they will do it just to show the world that they can.

So what I have told my group, is once the RV happens, we have time to exchange, then we watch the prices of gold and silver climb.  If you want to buy, you can also, but make sure you buy the physical bullion and then just hold on to it.  When the prices drop by 50% or more, that's the time to go all out or all in, depends on your viewpoint and buy what you can but buy according to your plan.

​Thing may happen very quickly and very fast after the RV.  That's another reason why it's advantageous for you at this point to know and keep tabs of where to buy gold and silver online and thru retail outlets. 

As when the prices drop, some of these dealers may stop selling, until the markets stabilize or may be competing with millions of other buyers so you need to act quickly. 

Technically, these dealers paid a higher price for their stock, so if the price drops 50%, it's only logical that they will be inclined to stop all sales, as they would be losing money themselves by selling the metals at low prices.  So you need to keep what I just said in mind. 

If gold and silver drops by 50% in 1 hour, for sure the dealers will put a hold on selling.  That's why settling some debts and things after RV, should be a second priority, monitoring other opportunities as getting in on Gold and Silver as they begin their decline to lower prices should be your first priority. 

This is why it's so very, very, very important to plan and have a plan.  In my exchange planner software, in my gold and silver tab, you can enter your places where to buy the precious metals.  So it's all part of your planning.

​Now, I am going to share with you something that I plan to do to cover myself.  So I said, I expect gold and silver to drop by 50%, right?  Then I said, at these low prices dealers will stop selling, right?  So then, that means there's no opportunity, right? WRONG.

This is what I plan to do at the bottom out of the prices.  If I cannot get physical, I will buy gold and silver online.  You may not be able to buy the physical but you can buy it virtual or digital. 

Now that I've enter the markets at bargain basement prices, I will wait and ride the wave back up to the $5000 or $50,000 an ounce price to whatever it may go to.  As it's going up to higher levels, I will sell off some of the trades and use that money to buy the physical.  

So if I cannot buy the physical metals at the low prices, I most certainly can buy online via trading and then at a later date in the future, sell off and convert to physical, where there is a will, there is a way.

​So there you go, this is what I expect will happen.  Whether it happens this way or not, only time will tell, but the important aspect is please include gold and silver as part of your planning as part of your Plan B.  If you believe Gold and Silver will happen  to rise some other way then that's fine but go back and please read the title of this article.

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali

www.CurrencyExchangePlanner.com

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions

https://www.currencyexchangeplanner.com/article-23-my-thoughts-on-metals

Precious Metals - My Plan B

Precious Metals - My Plan B

By Muhammad Ali

You may have heard me refer to precious metals as my Plan B, in several of my articles.  If you haven't read any of my articles you can read them on my website, unless of course, you're on my website right now reading this article, therefore, just ignore everything I just said.  ;)

OK back to the subject, precious metals and why do I consider them as my Plan B.  The reason for this article clarification came about because someone emailed me, asking why do I consider precious metals as my Plan B.

Before we get into that, let me just clarify something else, what do I refer to as precious metals?  Gold and Silver are the obvious, but I would also add in there stones and other metals as well.  For stones, one may debate the risks involved as the purchase and re-sale values may be far apart, especially in the case of diamonds.  Well for general purposes we'll just stick to gold and silver.

We can all agree that a Plan B is a back up plan, there's no question about that.

So one may assume that the precious metals you purchased is your back up plan, in case of a market crash or you've blown too much of your wealth and need to liquidate your assets to get back on track.  If that's the case, that's fine.

However, I take it on a different level and I apply my precious metals as a Plan B to my investments.

I said, in a previous article, before getting involved in investing, determine your lifestyle choice for living after the RV.  Do you want a simple work-free lifestyle or do you want to join Robin Leach's Lifestyles of the Rich and Famous?  I used to love watching that series back in the late 80's.

In my viewpoint, it is important to determine your lifestyle first, the reason for this, it will determine how much you want to expose yourself in the markets.  If you want a simple lifestyle then there's no point going Gung Ho and investing a huge amount.  You'll be putting yourself at a higher risk in case things back fire on you and you suffer loses.  Let's put some numbers down so the picture becomes crystal clear.

After our exchange, let's we say had $5 million and we choose to have a simple lifestyle and target to make $5,000 per month, in our mind, this is enough for us to have a work-free lifestyle.

If you invested $1,200,000 into a fixed deposit account making 5% per year, this will give you $60,000 per year or $5,000 per month.  Bingo!  And on a plug note: My Currency Exchange Planner software has an Investment tab to help you plan with this.

So if that is our target, then we should invest slightly above that $1.2 million target line, let's say $1.5 million.  This gives us a little buffer room.  If we invested our entire $5,000,000 but our target was only to make $5,000 then we have over exposed ourselves into the markets with a risk of losing $3.5 million if things turned to the worst. 

In this example, if we had $1.5 million of our $5 million invested, it means we have $5,000 coming in every month and we still have $3.5 million in our bank account.   This plan will free yourselves of anxiety, stress and Sudden Wealth Syndrome.  Of course, you still need to apply money management to the $3.5 million. 

Don't forget what I advised in a previous article to compound your profits for a few years, maybe 3 to 5 years.  So your investment account can grow and give you a buffer zone to handle any losses that may or may not occur.

So if your lifestyle target is higher then you'll need to raise those numbers as required, but keep in mind your targets should equate to the exchanged amount after RV.  You won't be able to live a Robin Leach's lifestyle if your exchanged amount was only $800,000.  Please apply all  your senses to your management of money, especially the greatest one, common sense.

Can you now see why it's important to determine your lifestyle first?  You're lifestyles can change and adapt, that's entirely up to you.  But your after RV lifestyle is directly connected to your investing.

Before we move on, something very important about Fixed Deposits, they are Guaranteed returns.  Unlike investment in the stock market or commodity market, fixed deposits are not a risky investment as they do not depend on fluctuating market rates.

 Investors can rest assured that their investments are safe and will be getting back a guaranteed amount at the end of the tenure.  Especially if the bank gives you a FREE toaster for signing up, right!  On a serious note, enter your fixed deposit amounts in the Low investment category of the Investment tab in my exchange planner.

Now, let's get into Plan B. 

What I am thinking and how I connect my precious metals to my Plan B, is like this.  The precious metals are a back up to my investments.  If the investments go bad, I won't replace the lost funds from my bank balance but from my precious metals. 

I would sell off the required amount in gold or silver to replenish my investment account.   The goal is to always have $1.5 million in that account, as per my plan.

Now, what I would do, is if I wanted to invest $1.5 million into the market, I would double that amount as my gold and silver purchase amount, meaning: If I wanted to invest $1.5 million I would purchase $3 million in gold and silver (combined), so what that means is my investing allocation combined with my precious metals would be $4.5 million. 

In the example above, if we only had $5 million after exchange then, of course, my precious metals budget would be bumped down or my lifestyle or both.  Another CEP plug: My exchange planner has a precious metals planning tab that can help you plan your budget.

My thinking here, is to offset and minimize my investing stress by having a fund (in my case, my precious metals) as a back up in case there are losses.  So I do not have to always worry, will I make money or not? 

If I lost money, my reaction would be, ok fine, I have a reserve fund option in place for that.  So then, I can go about enjoying my day and my life without having to worry deeply about that.

Going back to the issue of compounding, you may also want to consider compounding a different way and using the profits from your investing for the first 3 to 5 years as top ups to your precious metal purchases. 

So then, I would still invest my $1.5 million but the $60,000 earned per year I would use that amount to buy more precious metals and increase my Plan B, until I have the 1:2 ratio.  Remember this ratio is not written in stone, you can lower or higher the precious metals account as to what makes you feel comfortable.

Our target is to have a WORK-free and WORRY-free lifestyle.  You've all read about work-free lifestyles and I have even mentioned it above but I hope my article today has taught you the bases and importance of adding into that a WORRY-free lifestyle. 

You've got all kinds of options, you just got to start getting your plans down on paper and out of your head.  My Currency Exchange Planner was perfectly designed for this.

So with that note, I will end my article, I hope it has been of interest to you and your planning after the RV.

​God bless us everyone and may we all be part of the exchange process and what comes afterwards. Amen.

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali

www.CurrencyExchangePlanner.com

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions

https://www.currencyexchangeplanner.com/article-22-precious-metals-plan-b

The Seven Deadly Sins Of Personal Finance

The Seven Deadly Sins Of Personal Finance

From the Recaps Archives posted on 6/4/2019

The Seven Deadly Sins Of Personal Finance
By J.D. Roth —03 June 2019

I've been reading and writing about personal finance for more than thirteen years. In that time, I've consumed a lot of books about money. Lately, I've found that it's fun to revisit old favorites.

Recently, for instance, I've been re-reading Brett Wilder's The Quiet Millionaire [my review]. It's different than most personal finance books. It's targeted at those who are farther along their financial journeys rather than at those just starting out. Still, there are bits and pieces in The Quiet Millionaire that are applicable to everyone.

Ten years ago, I wrote that I particularly like Wilder's list of the seven enemies to financial success (which is my phrase, not his). I still like them. He writes:

If you want to become and stay the quiet millionaire, you must plan and manage your financial way of life…You must be proactive in order to obtain the financial life you want. By doing this, you will overcome the seven major obstacles to financial success.

Wilder is saying that we know there are certain common barriers to wealth. These obstacles arise for everyone. Because of this, it's possible to plan in advance to cope with them. First, however, we have to be able to name these enemies so that we can prepare the proper weapons to fight them.

The Seven Enemies of Financial Success
According to Wilder, the seven enemies of financial success are:

Lack of discipline. Without discipline, it's difficult to build wealth. In fact, it's impossible to get rich — slowly or otherwise — if you spend more than you earn. The math just doesn't work. Wilder also warns against compulsive spending, and he urges readers to track where their money is going.

Materialism. Stuff will not enrich your life. It's so very easy to find yourself “keeping up with the Joneses”, succumbing to lifestyle inflation. But materialism breeds discontent. Instead, Wilder says, focus on intellectual and spiritual pursuits to obtain fulfillment.’

Debt. Not all debt is bad, of course. A reasonable mortgage on a sensible home is fine. But consumer debt — or a bad mortgage on a big house — is an enemy to financial success. In fact, bad debt may be the biggest enemy to financial success.

Taxes. It's our responsibility to pay the taxes we owe, but we're under no obligation to pay more than that. “It is not unpatriotic to reduce paying your taxes,” Wilder writes. We should instead actively work to keep our tax burden as low as possible.

Inflation. Inflation is wealth's silent enemy. It will not destroy you all at once. But it's always there, nibbling at the corners of your life, consuming a little cash every year. It's impossible to keep inflation completely at bay, but you can learn to mitigate its effects.

Investment mistakes. Poorly structured investment portfolios can be a killer. This enemy is fought through education, through an understanding of diversification and asset allocation, by taking the emotion out of investing.

Emergencies. The final enemy to financial success is the unexpected: unemployment, death, illness, and legal complications. Without a plan for emergencies, you leave yourself at the mercy of the fickle fates. Carry adequate insurance and maintain an emergency fund!

To continue reading, please go to the original article here:

https://www.getrichslowly.org/?s=7+deadly+sins+of+personal+finance++++++

How Well Have You Prepared For Your Currency Exchange?

How Well Have You Prepared For Your Currency Exchange?

By Muhammad Ali

We have all read on Dinar Recaps, the statistics of those who have acquired sudden wealth and how long that wealth lasted. The results are not good. Most lose their wealth, their newly acquired assets and possibly are filing for bankruptcy within 3 to 5 years of receiving it.

The problem with most people, especially when it comes to money, they do not plan ahead or they do not plan at all.

Will we be a part of these statistics? The sad truth is, YES for about 80% of the people, they will be part of these statistics, and only about 20% will be able to preserve their wealth for more than 5 years or more.

 "May the Odds be ever in your favour!" Some of you will remember that from the Hunter Games movie series.

 Unfortunately the odds will not be in our favour unless we plan and work towards it.

In my Currency group, here in Malaysia, I hear so many times, that after RV, they want to travel around world, sail around the world, help all their friends and families, buy properties in real estate, buy land, buy cars, donate to so and so charity... and the list goes on and on.

As for me, I want to buy a submarine...hahahaha, but that's another story.

The fact is there is something on the above list that is of interest to all of us.

So after listening to my group members, I play devil's advocate with them and ask them. Ok it's great that you want to do so much and help so many but the question is, after you do all this and buy all of that, how much money will you have left over? And how long will that balance last you?

Then the silence comes in and three words from their month. "I don't know."

So that started my path to create the Currency Exchange Planner software.

Frankly and in my opinion it is the best planning tool ever created for the Dinar community. There is absolutely nothing like it available.

You can keep track of your Dinar, Rial, Dong, Zim and/or Rupiah exchanges. Enter in the expected rate of exchange along with the number of notes you have and presto, instantly see your Net Worth.

It has planning features for Debt, Charity, Family Gifting and Future purchases as well as Gold and Silver purchases. Enter all of your existing debts and the net worth updates on the fly.

Enter in all the charities you wish to donate to and family members you want to gift to and again see the new balance update instantly. And then the 'Dream' tab as I call it, your Future purchases, land, houses, yachts and boats..submarines.., cars, properties, traveling, what tickles your fancy and see how much money you will have left over.

Then the Gold and Silver planning - Plan B, as I call it. Your purchase of physical gold and silver as your back up in case of rainy days ahead.

 So after, all is send and done it will tell you the balance of your exchanged money. So now you can either think that Yes, my plans are feasible or now it's time to do some thinking and re-adjusting of numbers.

A new feature that I recently added, is the CEP will even project how many years this balance can last you. This is a cool feature. Now you can see in numbers, black and while from the left over balance, if you were to live on $xxx amount a month, how many years or generations the money will last you. Of course there are other factors to consider like inflation and such, however it is still a cool feature to see.

I have always told my group that, after you exchange, you will be buying or giving and the money will be going out the door. It is imperative that you have money coming in or with simple mathematics, Money = Out will soon be Money = 0.

Sooner or later, the money will run out and you all know what that means, back to square one. I can feel some of you cringing your teeth at that thought. God, forbid we ever have to go back to J.O.B. (Just Over Broke).

So I added an Investment planning section that you can allocate a budget for investments. Then you can see the profit results in yearly and monthly form.

 For example, a fixed deposit in Malaysia will earn 4.77% p.a. so we can set aside an amount of our exchanged funds that we can have money coming in every month. There are other forms of banking investments such as Bonds and Treasury Bills that can give us a guaranteed investment return. You can discuss these with your wealth managers.

I also added several guides on investing, setting up bank accounts and pre and post RV security tips.

So I truly believe that my Currency Exchange Planner will be of great benefit to all of you.

The software is available in both Mobile App and Desktop PC versions.

So thank you for reading my article and I wish you all the best on your exchanges.

My website is www.CurrencyExchangePlanner.com I have more details and pictures.

Any questions, please contact me at currencyexchangeplanner@gmail.com

Thank you,  Muhammad Ali

https://www.currencyexchangeplanner.com/article-13-have-you-prepared

After RV Security

After RV Security

By Muhammad Ali

I have said many times to my group here in Malaysia, that you will need to be security minded after the RV.

You don't need to worry much about the guy who holds a gun to you in the streets because he only wants what is in your wallet.

There are two other people who are more dangerous to your security.

The first is the person that approaches you with a suit and tie.  He will come to you with a grand looking proposal.  Complete with all the reports and location maps and finance plans. 

However, it will all be bogus.  He is not after what’s in your wallet but about 80% of your bank account.  The think is with this type of person, he will meet with you face to face.

The next person that you need to be even more cautious is a person whom you will probably never ever meet.  The Hacker.  Now he will go after your entire bank account.

He could be sitting in a boat in the middle of the Mediterranean on his notebook and satellite internet connection or maybe sitting right across from you in a crowded restaurant.

And how did he hack you?  Maybe thru your debit card or maybe through something that you carry around with you everywhere you go, yes your phone.

For expert hackers, they can gain access to your bank accounts and more thru your phone.

So you need to start to learn how they can hack your phone and how to prevent it from happening.

In my Currency Exchange Planner software, I give a special guide on setting up bank accounts using Master Accounts and Sub Accounts.  This is how I plan to setup my bank accounts after RV.

I hope my article brings awareness and helps you to protect your bank account after RV.

Any questions please send me an email to currencyexchangeplanner@gmail.com

I am the creator of the Currency Exchange Planner, an excel spread sheet, which is the most advanced and affordable planning tool for the Dinar Community.

Try the FREE Download version to test run or BUY the full version for a One-Time low price of $25.  This includes free updates in the future.

My website is www.CurrencyExchangePlanner .com

Click on this link and this blog will explain to you how hackers can take control of your phone and how you can protect yourselves.

Http://www.theretirementcafe.com/2019/08/how-to-secure-your-online-financial_6.html

Thank you so much,  Muhammad Ali

https://www.currencyexchangeplanner.com/after-rv-security