Markz and Bob Locke Wednesday Morning Chat "Exchange Appointment Tips" 11-25-2020

Emailed to Recaps:

MarkZ Wednesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

HAPPY THANKSGIVING TO ALL! “Thanksgiving is a time to give, a time to love, and a time to reflect on the things that matter most in life.”

MZ: I am still hearing a lot of chatter about the White Papers and whats in it….I am told the exact rate is not in it. They are wanting at least a $3.22 RI. My Iraqi contacts believe it will all be done over the next 2 weeks.

MZ: Someone mentioned earlier about the Sterling Group. I have one good contact there that says it is now a part of the BIS and some form of compensation has been set aside by the BIS  for folks once we get our reset.

MZ: No CMKX news since yesterday where they were supposed to update Fines and Penalties by this morning with no rates that would be good for the next week or two.…….

MZ: No money moving in Asia, the middle east, Europe or here as of yet…..

Member:  GM Mark and all, how is the RV process going, do you think it will happen in our lifetime?

ISAAC 11/24 Looks like tomorrow should start. All positive from Zurich and London. So tomorrow should have confirmation of that. Let’s hope this is finally it

TEXAS SNAKE 11/24 critical you check this room as well as your emails quite often over the next couple of days. No guarantees but a positive step ahead.

Member:  Judy Note: All Tier levels started to pay out in Hong Kong on Tues. 24 Nov.Our Military Intel Contact said that Tier 4B notifications The RV would manifest behind the scenes in the US on Wed. 25 Nov.

Member:  Watch MONKEY WERX-google-arrests happening

MZ: There is sure a lot of rumors of arrests….I’m not seeing proof yet though

Member hearing he Kraken is released by Thanksgiving

MZ: I am hearing anywhere from the 25th to the 29th for the Kraken to be released. According to Lin Wood the lawsuits should be in today or by Friday. Including evidence……so this could get fun. At least we should find out if its real or if it isn’t.

Member:  New cases typically require 21 days for a response. So even if the courts are not open on Friday, it is not officially a holiday, so it would count as one of the days. Most likely the case filing would have a motion to shorten the response time.

Member:  These Election woes HAVE to be fixed so as to protect the future elections

Member:  Today is JFK jr’s 60th Birthday

Bob Locke joins the stream today….please listen to the replay for the entire chat and Q&A on exchange appointments, NDA’s, Taxes, trusts and more…………..

Bob Locke: I am being told I may not be able to do any more calls of awhile….There are things coming –imminent that I cannot say.  Things that say we are reaching the end of the road. 

Post exchange we will be looking at a different tax structure……you will want to focus on privacy and security post RV.

The Exchange appointment will not be complicated and will be the best 30-40 minutes of your life…..Just remember there are no stupid questions.

You get an 800 number or email and call to make an apt…..it may be possible ahead of time to ask for a copy of the NDA to study it before you go in. We will be signing an NDA so if it is 3 or 4 pages long there will not be a lot of time to review it at our appointment. They may not give it to us for fear of it being leaked out into circulation…..but ask for it anyway. Be sure to get directions to your location. I would print it out in case your phone goes out or your GPS…..

So you go your apt. You will have a folder prepared to take with you with Trust, LLC documents, with your ID’s and a copy of a utility bill or something to prove your residence. You will have all your currencies with you. I would organize currency by denomination and types of currency.

Think ahead of time on things like “How much cash do you want to get?” Remember leaving with a lot of cash could make you a target….a few thousand dollars should be plenty for walking around money.

Prepare a list of cashier checks you want to get…..for debts, or gifts ect…….we will be seeing some debt forgiveness….so keep that in mind.

Your appointment will be 30-45 minutes long so the more organized you are – the better it will be. Remember there will be a schedule and someone coming in to exchange right behind you…..

Understand this ….The analogy I use and think it is accurate is you will be dealing with Mr. Drysdale and Jane Hathaway. These people want your money in their bank. They will do a lot of things to make you comfortable so you will keep your money in their bank. They know there is competition out there.

This whole first appointment is to open bank accounts and exchange currency.. Watch them count your currencies….never let them out of your sight. Then you will be given a wealth manager to meet with and discuss all the details…perks…ect….…you will leave, take a deep breath and give thanks for all your blessings.

Member:  No joke. I have heard from an individual in the know that it is going to be simple and not complicated when you go in to exchange. You will have plenty of time afterwards to get the other stuff done. Don't worry

Mod:  HAVE TABLET AND BLUE INK PEN READY FOR NOTES, THE MORE YOU HAVE THINGS READY, THE BETTER IT WILL BE AND GO FASTER,

Member:  stay positive folks. do not watch MSM. we are so close

Member:  remember: no matter where you go, there you are!!!

Member:  Happy Thanksgiving to all of us......blessings and Peace and loads of love

BOB LOCK DEBT LAWYER AND TRUSTS https://t.me/joinchat/JrH1jkseabV4JwX... debtlawyer@gmail.com

BOB LOCK - https://t.me/joinchat/Nk3BHEseabXha8wvr-PonA

MZ: A MUST WATCH…EDUCATION VIDEO ON MONEY & CRYTO: https://youtu.be/yz8ymvqUMrU

MZ:https://www.courtlistener.com/recap/gov.uscourts.gand.283580/gov.uscourts.gand.283580.7.1_2.pdf Affadavit

IF YOU'RE UNSURE ABOUT BEING NOTIFIED REGARDING THE 800# SIGN UP ON DINAR RECAPS AT: https://dinarrecaps.com/

OKIE HAS ONGOING SERIOUS HEALTH ISSUES. OUR COMMUNITY IS THE ONLY HELP HE CURRENTLY HAS - HELP IF YOU CAN- THIS IS THE ONLY LINK TO SUPPORT OKIE.  https://www.paypal.com/paypalme/SeedsofWisdomTeam

IF THE INTERNET GOES DOWN Emergency number… (712) 770-5028 Code:648989 Playback number (712) 770-5066

There will be no stream on Thanksgiving and no Whiskey and Wisdom this week.

The next scheduled stream is Friday 10AM est with guest Michael Cottrell.

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Mod:  THANK YOU, SNAKE, PLANNING QUESTIONNAIRE: https://www.mmbb.org/docs/FinancialPlanningQuestionnaire.pdf

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066

MarkZ : https://markz.team/

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

Markz WELCOME TEAM WILL GREET YOU CLICK THE ENTRANCE DOOR LINK 2) https://t.me/joinchat/JrH1jlOe9REFsFnwexWHJw

Note: Please listen to the replay for all the details….

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=WDLu7oxuBH8

Exchange Appointment Cheat Sheet by Fleming 11-4-2020

Note: May be a good one to make a copy of……….It is still not definitive whether we will receive 800 numbers or a secure link to make appointments with….the WF Private group instructions may be different…....we may not know until post RV/GCR

From Fleming 11-4-2020

Exchange Appointment Cheat sheet:

This information is based on the most recent information available. It is not intended to be the authority on the appointment process, only a guide for yourself and/or those to whom you have gifted Zim and/or currency. Due note that there may be changes once final instructions are received. This information is based on exchanges/redemptions done in the USA.

1.      The Safe Web link will be sent to those who have either: purchased currency online from bank or an online registered dealer like TravelEx, Great American Coin and/or with one of the aggregating sites (Dinar Recaps, Dinar Chronicles et al).

2.      The link will be emailed from one of Tier 1 (large banks): HSBC, WF, Chase, Bank of America possibly Fifth Third.

3.      If you received the email directly, you may forward it to a friend or family member who you gifted currency and/or bonds.

4.      If you were gifted currency/bonds a family or friend may forward you the email.

5.      When you click onto the Web link, you will verify who you are by answering questions based on publicly available information. This process is similar to when you open a bank account or apply for a loan online.

6.      You will be electronically signing a NDA – Non-Disclosure Agreement. Read carefully so you understand what you are agreeing to. Print a copy for your records and for future reference.

7.      You will be issued a unique 800# that can only be used once. It is unique to you.

8.      You will be issued a unique code which will follow you through the process.

9.      When you call the #800 to schedule appointment, you will provide the unique code, the zip code where you wish to exchange and if you have Zim and/or currency to redeem/exchange. Zim is redeemed and Currency is exchanged.

10.   You are not required to exchange in your hometown. It is recommended that if you live in a small town, that you go far enough from home, so you are not recognized. This is for your safety. There are no restrictions that prevent you from going to another state. You cannot go to another country to exchange.

11.   You need to provide what you will be exchanging/redeeming. Start with the Zim Bond and/or then currencies by country. This is because not all locations will have the ability to process Zim bonds. NEVER say how much you have. Legally, they cannot ask you how much you have.

12.   Appointments are expected to last approximately 20 minutes.

13.   What to bring to appt.

a. 2 picture IDs – driver’s license, passport, government ID or anything with your picture
b. 2 recent utility bill statements – this verifies your address
c. Social Security card and/or Birth certificate. These may not be necessary, but bring especially if you have no picture ID.
d. If you have a bank account with a Tier 1 bank (HSBC, Chase, WF, Bank of America) bring your account number and routing number (a blank check will have that info.)

14.   Have all currencies in order by denomination.

15.   If one was not provided and you have a number of bills, create a tally sheet noting how many of each note you have. This can be done on piece of paper or create a table or spreadsheet.

16.   Put bills facing in same direction and in denomination order – does not matter if large to small or small to large. Place in small plastic bag.

17.   On day of appointment dress professionally. Do not dress to point that you are uncomfortable.

18.   Allow yourself plenty of time. Know where you are going and where to park if in a large city/urban area. Do not use Uber or Lyft type services. You might consider hiring a professional security company for transportation if safety is a concern. Do not share with anyone purpose of your appointment or what you are doing.

19.   Make a list of anything that you need in the next 10 days. Do you have any emergency needs like housing or medical, etc.

20.   If you are redeeming Zim, make a 3-6-month budget. Since it is currently unknown if Zim proceeds will be placed in a structured payout, you need to be able to say this is what I need until first payout is received. Structured payouts take approximately 3 months to set up. This should not include paying off existing debt.

21.   Rates on currencies are based on Street rate, International and Contract rate. Not all currencies have a Contract rate. You can ask if there is one. You will want to know if there are conditions for receiving the contract rate and what they are.

22.   The Redemption Centers will have a default package. This package will include rates, fee, perks, and benefits. If this is agreeable, you simply will follow through on signing all documents. Leave with copies of all signed documents.

23.   It will be in your best interest to create a skeleton trust with the bank, if you do not currently have one. Be prepared to have a unique trust name picked out. Also, who your beneficiaries will be and a successor trustee (person who will take over for you should you not be able to manage duties). Do not use initials or your name for Trust name.

24.   We have heard that rates will be on a screen at Redemption Center so you will see what is being offered.

25.   There may be stations or tables to verify who you are, and a video about banking changes.

26.   When you get to the actual exchange process:

a. Do not let currency out of your site
b. Ask that the DeLaRue machine be in the room and watch them run currency/bonds through. Machine verifies authenticity and counts.

27.   If you do not like what is being offered, you can ask if rates are negotiable.

28.   You may be asked what you plan to do with the funds. If you are redeeming Zim, you are expected to have a humanitarian project. There is also a list of possible project areas to choose from. See list at end.
a. Historically, they have been looking for the following things in projects:

i. Projects are global in nature – start local and grow outward
ii. Job creation
iii. Duration – multigenerational

e. The best way to talk about your projects is to explain a problem and then how you want to fix it. Example: Homelessness – want to build safe affordable housing.

f. Your project should be typed up in a 1-3-page format with bullet points. This just makes it easy for them to read. Attached is a cover sheet for your project. A copy of your project write up will be left at Redemption Center.

g. If you do not like the rate, ask for your request to be reviewed. You may be given a Safe Keeping Receipt (SKR). This is where your currency/Bonds are recorded, and you are given the SKR. You will then work with a Trust company and/ or Wealth Manager to assist with negotiations.

h. Discuss what fees they are charging for exchange. Do note, that fees may have been calculated in the rates. It is ok to ask about negotiating fees. In many cases, you may be further ahead to just pay the fees. This is something you can ask about. The same is true for perks.

i. If all is agreeable, sign and get copies. Remember that any agreements can be rescinded withing 72 hours/3 days by law. You may ask if that time can be extended to allow you time to meet with professionals and to come back and renegotiate in your best interests.

29.   You will open a new bank account for each currency and/or bond you are redeeming/exchanging. These will be under Trust account name.

30.   Below are some questions to ask and some may not be necessary under the new QFS:

a. Do the funds from each currency/bod need to be in separate accounts?
b. What about fund protection: Does FDIC still apply, or do I need a Lloyds or Cdars Insurance for amounts over $250,000? Is this something they can assist with?
c. I have been told that these transactions are non-taxable, if not, should that not be true, will you provide in writing that I will have access to the funds to pay taxes.
d. Ask for a full explanation of what the CAP’s and restrictions are and how they work. How are they scaled and what are the benchmarks for restrictions to be removed?
e. Read everything they give you including the NDA. If you do not understand, ask until you do. OR if you feel you need help ask if there is an attorney available who can help.
f. Be respectful – they are not trying to trick you or deceive you.

31.   Discuss Bank Perks – on the private banking side there are perks that you can request. Understand that you will be paying for them. They typically are tiered – so the more AUM (assets under management) you have, the more options you have.

32.   Let them know you are aware that there will be a number of essential tasks to be addressed in the next 10-15 days. Tell them you will be needing help in setting appointments and managing those tasks. Ask if they can provide you with someone to can help. Below is a list of possible tasks.

a. Establish primary irrevocable trust and any additional trusts or structures
b. Meet with Security and Risk management team
c. Wealth Management Team
d. Attorneys and CPAs
e. Establishing short- and long-term priorities
f. Education for self and family – ask what time frame is for completion
g. When setting up irrevocable trust it should include the following attributes:
i. Complex
ii. Non-grantor
iii. Discretionary
iv. Spendthrift
v. Asset Protection

Exchange Appointment Checklist and tips from Recaps Archives

From Recaps archives

Note: All items on the checklist may or may not apply  to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt if we have switched to a new QFS banking system……....ask your banker at the time of your appointment.

Bank appointment for Currency EXCHANGE Instructions/Checklist

Bank Name_________________________________________

Bank 800#__________________________________________

“I am calling to schedule a foreign currency exchange”

My name is___________________________________________

My zipcode is__________________

My e-mail address is  (If they ask for it)________________________________

I have________________________ IQN(Iraqi) currency

I have________________________VNN(Vietnamese) currency

I have________________________1000 notes from2000 ofIDN (Indonesian) currency

I have_________100Trillion,________50Trillion,_______20Trillionand_______10Trillion
2008 AA notes of ZWN (Zimbabwe)currency

FILL IN THE BLANKS for EXCHANGE appointment information that you get from the call
center representative:

Your appointment Information:

Date_________________________

TIME_________________________

The Location____________________

------------

The Day of Your Appointment- Things To Do

1. Make sure you know where you are going. Arrive early so you can “get yourself together, take a deep breath”.

Do not loiter. If you are too early, stay SECURELY in the general area but not in the bank
parking lot! 

2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in line so be thoughtful of their time as well.

You will have time for questions at your second appointment with your new Private Banker/Wealth Manager.

3. Be discrete, be professional, and be alert and aware of your surroundings.  BREATHE!   Seriously consider hiring security to accompany you to your appointment or bring  a trusted friend.

4. Collect business cards from everyone or take their name and phone numbers as well as the location of their regular branch office.

5. Read and Sign the NDA. If it is simple and states you cannot tell anyone except your spouse, lawyer, or CPA (These are the people that need to know how you came about your money for tax purposes) how you came about all of your new found wealth, sign it and move forward with your exchange.

Be prepared to uphold it!

If you break the terms, you could lose your newfound wealth.

If the NDA is more complex and you  are not comfortable with it, simply let them know you would like to explore your options with another banking institution. They may or may not waive the NDA.  

REMEMBER TO GET A COPY OF THE NDA IF YOU SIGNED IT.

--------------

The Day of Your Appointment Things NOT To Do

Do not demand anything while at the bank or act like a lunatic, you will be escorted out.

Remember the Golden Rule “Treat others the way you wish to be Treated”!!!

------------

Items to Bring to the EXCHANGE Appointment

(Check off the list as you put all items needed together to make sure you remember everything)

“Driver’s License

“Second form of ID (accredit card or passport)

“Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or for another form of ID

“Power of Attorney Paperwork (If you are exchanging for someone else)

“A pad, pen to take notes, calculator

“Receipts for all currency purchased or gifting letter if  they were a gift in case they are needed (Do not offer them, only do so if they are requested)

“IQN / VNN / IDN / ZWN currency

“Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses and Social Security Numbers written down that you want listed on your accounts.

You can have multiple TOD designations per account (Wife/Husband, Children, Grandchildren, Nieces/Nephews, etc.)

“Have a list of Cashier’s Checks you will need, if any, along with the exact amounts and who they need to be Payable to

“Decide in advance if you will be requesting cash for “Pocket Money” beforehand and how much.

DO NOT get more than $9,500 unless you would like Uncle Sam to visit you. Also remember the more you take with you, the bigger the target you are for thieves!  BE SMART!!!  Do you have a safe to store Cash In ??

“Know the ceiling rate!!! Make sure you do not get hit with a Spread Fee!  If you do not like the spread fee they are charging simply let them know  (In a Professional manner) you will go to another bank.

-----------

New Account Numbers for each Currency EXCHANGED

( DO NOT EXCHANGE ALL CURRENCIES IN TO ONE ACCOUNT, OPEN SEPARATE ACCOUNTS FOR EACH CURRENCY!!!!)

Name of Bank Exchanger____________________________________________

Bank____________________________________________

Branch___________________________________________

IQN Checking Account Number__________________________________________

IQN Checking Routing Number__________________________________________

IQN Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

Add TOD (Transferable on Death) Names to Accounts (Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds __________

------------

VNN Checking Account Number__________________________________________

VNN Checking Routing Number__________________________________________

VNN Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

“Add TOD (Transferable on Death) Names to Accounts ( Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one 

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds____________

-------------

Zim Checking Account Number__________________________________________

ZIm Checking Routing Number__________________________________________

Zim Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

“Add TOD (Transferable on Death) Names to Accounts ( Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one 

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds

(Use the same format for Rupiah and Rial or other currencies if they are also exchangeable at this time)

DID YOU GET A COPY OF YOUR SIGNED NDA?

Set second appointment with a Private Banker or Wealth  Manager  (The bank will guide as to who you need to speak with based on your EXCHANGE/deposit amount

This appointment will be the one in which you discuss all of your options for investment and
your “perks”

Private Banker Name__________________________
 
Telephone Number____________________________

Appointment time______________

Location___________________________

Notes:

__________________________________________________

__________________________________________________

__________________________________________________

__________________________________________________

Author Unknown

A Lesson in Learning to Say "NO"

From Recaps Archives……..

A Lesson In Learning To Say "No"

(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)

This story appears in ESPN The Magazine's Dec. 8 Big Money Issue. S

HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?

Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him

"We've found a house," Frankie Pinkney told her son.

By this stage, wariness had become as intrinsic to Smith's identity as his brown eyes and bookcase shoulders. Silently, he awaited details. He had agreed to purchase a home in Southern California for his mother and stepfather. They would live in it; he would own it as an investment.
...

The agreed-upon budget was roughly $300,000, but over the course of the conversation, Frankie dropped the bomb. List price: more like $800,000.

Smith, now 23, is sitting at a polished wood table in the conference room of his lawyer's Dallas office. Surrounded by his girlfriend, accountant and lawyer, he fixes his eyes on a spot somewhere high on the floor-to-ceiling window. "Yeah, my parents wanted a house," Smith says. "But it was way bigger than mine and cost way more than mine."

It's not an easy topic for Smith to discuss -- recounting the conversation appears to be nearly as hard as being on the phone in the first place. He long ago gave up trying to pinpoint when it all went wrong, when the combination of family and money turned corrosive, when one ceased to exist without the other. He recites facts, stripped of emotion, as if determined to turn a painful time in his life into an after-action report.

"That call," he says. "That was the point where I said, 'That's enough.'"

At that precise moment, as he hung up the phone without giving his mother assent or encouragement, something hardened inside him. Reclaiming his finances, that was the easy part. Demystifying his new life -- being something other than a conduit for the wishes of those around him -- that was more complicated.

To continue reading the article, please go to the original article.

https://www.espn.com/nfl/story/_/page/hotread141125/dallas-cowboys-tyron-smith-gets-control-battling-family-money

" Don't Let This Happen To You" Lotto Winner Loses it all

From Recaps Archives

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 friend’s 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!

“How To Get The Best Deal At Exchange”

Sheila From Zig’s Place “How To Get The Best Deal At Exchange”

sheila   FOUND THIS BURIED IN AN OLD EMAIL:  Date: Sat, 21 Dec 2013 

Subject: Post From Unknown-How To Get The Best Deal At Exchange

Your Bank Appointment: How to get the BEST deal

Have you considered that your CE bank appointment will be the SINGLE MOST IMPORTANT FINANCIAL EVENT of your entire life? Bigger than your house. For most, bigger than your CURRENT NET WORTH. Let that sink in......

How much thought have you given to this CE? What if EVERYTHING you thought about this moment came apart on you in that short 20 minutes? HOW? Well, your first mistake may be failing to expect that MURPHY works in the most unexpected places and events.

Things can and will go wrong.....UNLESS YOU'VE PREPARED YOURSELF FOR THE WORST. If you walk into the bank it would be best if you anticipated not only the routine steps, but also what things could go against you. The last thing you want are any BAD SURPRISES. In addition to the security issues for getting your currency safely inside the bank, the next step may be another place you could get robbed.

TWO WAYS TO GET ROBBED

There are two areas where the banks are about to take advantage of you: the CE rate, and banking fees which include currency spreads (the lower price when you sell it back). Anticipate that the exchange rate won't be what you thought when you left home. Could it be higher? Probably never.

EXPECT TO BE OFFERED A LOWER CE RATE. Street rates fluctuate. But the CONTRACT rate is another story. More on this in a minute.

The second area you can expect to get screwed is the area of bank fees, the most notorious being the CURRENCY SPREAD. If you buy a car you pay retail. Turn around and sell it back to the dealer and he will only offer you wholesale. That's the currency spread. If I were trading in the Forex market I would expect this. The RV is NOT a Forex transaction.

READ MY LIPS: WE WILL NOT PAY BANK SPREADS ON THE RV CE.

PART 2

Normally nobody heads for the bank expecting to get robbed. But after the RV your CE experience at the bank can be less than ideal for your financial future unless you have mentally prepared yourself for what's ahead. Would you shop for a car without doing your homework? Buy a house?

Are you prepared for a tougher negotiation than both these combined? They aren't called "BANKSTERS" for nothing. YOU'RE GOING TO NEED TO BE A MENTALLY PREPARED NEGOTIATOR.

BEING MENTALLY PREPARED MEANS BEING MENTALLY TOUGH.

Before you rationalize that a lower CE rate is okay, or that the spread cost isn't all THAT MUCH, remember that the banker isn't about to let you go out the door with your currency still in hand. It's critical that you understand this point: Your ability to standup and move for the door is your one and only ADVANTAGE...this is your negotiating leverage. Never forget this.

YOU MUST BE MENTALLY TOUGH WHEN YOU SIT DOWN WITH YOUR BANKER TO CE . I don't know about you, but I'm going in with the FULL EXPECTATION that I'm NOT going to pay for any spreads.

Have a percentage in mind. Remember, 1% of your DINAR may seem like a small amount, but that 1% now gets multiplied by the exchange rate. If you exchange a million dinar at $5 (for a low example) that 1% is now $50,000 USD.

Multiply that by every million dinar you have, in addition to all the dinar that everybody else has. That's a lot of money for the privilege of doing business with a banker. THINK WHAT THAT 1% WILL BE AT A HIGHER CE RATE! Never forget what interest rates the banks are currently offering on your savings. It sure as heck isn't !%.

PART 3: BEING MENTALLY TOUGH MEANS HAVING OPTIONS

So what do you do when the banker refuses to drop the spread? Do you cave? Do you rationalize, "This is more than I would have had anyway..."? Do you say, "This is better than nothing."? It's your money. Remember, just like there's always another car lot, there are a lot of banks willing to do business with you.

Don't settle for less. You will not have the POWER to negotiate the BEST deal unless you are prepared to standup and head for the next bank. Just like the car lot. Remember, the bank staff have been ordered to not allow you to leave the bank with your money. YOU HOLD THE POWER OF DOING THE DEAL YOUR WAY. But only if you're prepared to WALK.

SO HOW DO YOU KNOW YOU'RE NOT GETTING SCREWED?

This is the most important question of our entire Dinar experience. Also the most frustrating issue. We are being put at a great disadvantage by the PTB in case you haven't noticed. Who or what is the only source of information on the real CE rate? When you buy a car, do you believe the price on the window stricker or the price you get from the sales guy? How about from his manager?

How about the "factory invoice" they hand you at the negotiating table? Do you really believe any of that? If you do, you paid too much for your car. Haven't we all? Isn't this CE more important than buying a car?

Remember, rich people didn't get rich by giving their money to those who don't deserve it. Banks don't deserve making spreads on the RV. (You can take that to the bank.) Put another way, every dollar you save on spreads helps offset your tax payment. Why pay taxes twice?

PART 4: TONY IS OUR BLUE BOOK

Let's face it, other than getting a contract CE rate quote direct from the UST, Tony is THE MOST CREDIBLE RATE SOURCE IN ALL OF DINARLAND. Period. (What else are the PTB giving us when it comes to the contract rate?) Armed with that rate we're off to the races.

If UST is smart (no comment) they will ensure that the higher contract rate that Tony publishes WILL REMAIN IN PLACE UNTIL EVERYONE HAS A CHANCE TO EXCHANGE. Why? Because if they don't there will be a stampede. It will be ugly. It will be the worst nightmare of the UST and the banks.

(ANYONE OUT THERE LISTENING?) Who in their right mind would design a currency exchange procedure that was first-come-gets-the-best-rate? It will be crazy. People become irrational when they think they're about to lose money on the deal. Picture BLACK FRIDAY times 5,000,000. It's imperative that the contract CE rate remain stable for a period of time that gives every person a reasonable chance to CE without fear of losing money.

DON'T GIVE US A BLACK FRIDAY CONTRACT RATE. (Put this all over the boards!)

Remember: Prepare yourself to be a tough CE negotiator. If everyone of us put our foot down and refuse to pay bank spreads, then it will be easier for the next person who comes in to CE behind us. If the first ones to CE make it easy for the banks to take advantage of us, it will only make it more difficult for the next guy to negotiate his best rate. All for one, and one for all. We're all in this TOGETHER.  

Hope this gives everyone some food for thought.   GO RV!!

Visit stage2omega at: http://www.stage2omega.com/?xg_source=msg_mes_network

Hope this gives everyone some food for thought.  GO RV!!

Visit stage2omega at: http://www.stage2omega.com/?xg_source=msg_mes_network

Sheila   Got this information from stage2omega way back in 2013, LoL

Sheila   TWW that was from 2013. Wondering if any of that is viable or applicable information today?

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE You can make the box much bigger by clicking this link  https://www6.cbox.ws/box/?boxid=847094&boxtag=txEEap

Some Post RV/GCR Tips and Ideas 8-13-2020

Some Post RV/GCR Tips and Ideas: 

3 Types of Concealed Safes - How Do You Hide a Safe?

Apr 21, 2020

How do you hide a safe? Some hidden safes are designed as hidden safes.

Wall safes and floor safes are the two best examples of that.

But there are other after market products that hide safes too.

https://youtu.be/AfWeVXzfkk8?t=3

INCREDIBLY INGENIOUS Hidden Rooms and Secret Furniture

Hi! This video is the list of INGENIOUS Hidden Rooms and Secret Furniture Compilation that we've collected to show you.

Hope you like! 15 Hidden Rooms Compilation at iCreatived  https://bit.ly/3bu6ksc

https://youtu.be/T61-twuvJA4?t=4

INCREDIBLY INGENIOUS Hidden Rooms and Secret Furniture ➤ 2

Hello! We're back with part 2 of Incredibly Ingenious Hidden Rooms and Secret Furniture!

https://youtu.be/XgQCtbtyUuE?t=9

FANTASTIC HIDDEN Rooms AND INGENIOUS SECRET Furniture

Apr 24, 2020

https://youtu.be/0Klc7PkGWko?t=6

Questions to Ask at Your Exchange Appointment

From Recaps Archives

Take what you like and leave the rest:  

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 CO-MINGLE 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)

Originally  Posted by EXOGEN

"Your Money & Your Affairs Post-RV"

"Your Money & Your Affairs Post-RV"

From Recaps Archives

By  FXStrategist at WSOMN

As a former financial planner and market strategist (equities, derivatives, FX, risk management), I would like to share my current thinking concerning managing one's money and affairs post RV.

THESE ARE ONLY MY OPINIONS and contemporary CONCLUSIONS! I am not a licensed investment adviser and I am an amateur student of NESARA and its consequences.

This is not professional advice but rather my conclusions and thoughts developed over months of research, strategizing and thinking with my small group, and planning and consulting with existing banking and investment contacts. Please take this all as one person's posture as of this moment in time. I hope it helps in even a small way.

 ...

WHITE GLOVE TREATMENT:

Bank wealth managers will not only advise you but implement virtually everything you will need. That includes security (personal, home, digital) and virtually anything you need. White glove.

CHANGING INVESTMENT ENVIRONMENT:

We won’t know until we see the timing of NESARA about taxes or investments. Were NESARA to be implemented any time soon after we exchange, it will change the landscape dramatically rendering many recommendations emanating from THIS reality either inappropriate or riskier than before. I will avoid the securities markets, including overnight short-term instruments in the days after exchanging and annuities (covered in another point below).

NESARA = NEW RULES:

NESARA and the new technologies (energy, health) will change corporate structures dramatically. Entire industries may become obsolete with the sudden and welcome emergence of new health and free energy technologies. The new paradigm masters will not let you lose whatever you currently have invested in those markets, but don’t rush into them post RV. Wait and see. You’ll have time to observe and gauge.

TAX AND LEGAL:

Tax and legal advice may also change dramatically with NESARA. Professionals will have to receive all new training and education. I look for flexible minds who can grasp the new paradigm and learn the new rules quickly. The bank will have people on hand for you until you find someone you like.

FAMILY OFFICES:

Do ask about family offices. There are individual and multi-family offices. You can join existing family offices or form your own. Your wealth manager will know about these. There are minimums ($25-$50 million?), so check it out with your own Wealth Managers. No need to learn all about them now before the RV. So don’t think you have to educate yourselves right this minute

PRIVATE BANKS:

Look into private banks. They are already predisposed to handling the UHNW (Ultra High Net Worth) individual and have dealt with most of your impending needs and questions multiple times. They hold your hands and spoon feed you. You have no idea how beautifully you will be cared for.

GOLD:

If you consider gold and silver, get the advice of an expert. I have already received an investment recommendation from such a resource that is also knowledgeable about NESARA. Their recommendations are specific and market savvy and even counter-intuitive. Inform yourselves. 

ANNUITIES:

Possibly no longer the panacea they've once been. They have been recommended as safe insurance products here and elsewhere by non-investment professionals; but the insurance companies can afford those handsome tax-deferred returns how?

By investing your money in the securities markets while counting on insurance contract premiums as backup. They used to be considered very safe tax-deferred investments that never defaulted. Will they still be? Will insurance companies’ premiums and the underlying markets continue to exist the way they do now? I do not know, but I will not consider these vehicles.

BANK RETURNS:

You won’t really need annuities anyway. Banks will be offering you +/- 10% for time deposits (ask for more that you are offered — the banks will receive 20-30 times the dollars they "give you" for your exchange when they turn around and sell your currency back, so they’ve got plenty of headroom). And if NESARA passes (maybe weeks after our RV?), taxes will be moot so tax-deferred income (usually lower) will no longer be a goal.

EXCHANGE EVENT TAXES:

Keep tax money on hand (how hard will that be?) until we know for sure the tax treatment of our exchange. NESARA will obviate today’s high capital gains or investment income rates. But there could be a special tax — who knows? Be conservative until you know.

SAFE "NEW" BANKS:

The new banks will not be run the same way as the existing banks. Overnight, the evil stepmothers go away and will be replaced by fairy godmothers. They will be new-fashioned, legal depository institutions, and loans and other activities will not entail risky, usurious, or profit-driven behaviors.

Interest is illegal (now) and will go away (NESARA). The banks will make plenty of money in this exchange and will be financially robust and designed to serve us. Who knows what they’ll actually look like? It will not be the way they look now.

THE "RIGHT" RATE FOR YOU:

Regarding Josef’s wise counsel about how much to negotiate for in terms of available rates, here are my thoughts. Most of us bought amounts of currency that we could afford and which would give us returns we felt fit our personal profiles, goals, and life situations.

That changed over the past few months as rates of exchange have skyrocketed as much as ten times (or more) our original expectations. Some have continued to purchase highly leveraged currencies that have also exploded in terms of exchange rates.

A millionaire has become a ten-millionaire; a ten-millionaire has become a hundred-millionaire, &c. This does change your profile in the post-RV world.

How do you even give that kind of money away to the people and projects you know about? What if you’re not well-connected in the investment world? What if you don’t know how to manage projects on your own to ensure success and to make sure your desired outcomes are indeed taking place?

VISION GIVING:

As I posed this entire discussion via Josef (from a WingIt call) to my small group, I saw a “Housing First” video that freed up my own thinking. Big real estate projects like housing or new institutions — to help the homeless, the disenfranchised, the mentally ill, the co-morbidly ill (physical & medical), people with substance problems, single parents, poor children, people in crisis — need big funding.

 The world is in need of huge infrastructure improvements and healing from pollution and earthly degradation. Projects such as these may seem beyond you to design, fund, and run. No need. You will be able to find and fund these projects via the family office system and new communities of project-sharing.

Other people can put together and run new projects that don’t even exist now, including your own pet ideas; and through your OWN NEW NETWORK of professional advisors, you can tag along.

Projects being proposed and funded at Landa China and Zap can give you a taste of what needs to be done in the world. You will not have to wake up at night and worry about how to distribute your funds. Projects will come to you. You will have the joy of directing your funds to projects you care about in your hearts without tossing and turning and going it alone at the drawing board.

INITIAL ACTIONS:

Whatever you worry or think about in this sunset of the old paradigm may not even exist in the new paradigm, so don't go nuts trying to figure it all out now.

Make your exchanges, receive good guidance concerning the construction of your account arrays at the bank, ask about family offices and professional (tax and legal) counsellors (flexible thinkers), park your money (probably just in the “new” bank for the immediate future), and give yourselves time for things to unfold.

The interest you’ll be earning immediately will pay for your wants, needs, and desires. Satisfy them first, and then help others. We are meant to be fulfilled.

FULFILLMENT FIRST:

Like the oxygen mask in the plane, put yours on first and then attend to your "children." Our fulfillment is a prerequisite to being in the very best energy to best relieve and fulfill others — and the world.

Learn how to give and how not to give (see Oprah and Elizabeth Gilbert, and consult your team). Giving large amounts of money outright to people can have unintended negative ripple effects.

Pay their bills, give them “gift amounts” ($14,000 per gift tax free to you and them, at least for now) that will make sense to them, and buy yourself some time to set up trusts, arrange for anonymity, get your own security in place, and learn how to help in appropriate and constructive ways.

No need to figure it out now. “Your people” will help and guide you, as will our ongoing community of sharing and comparing notes!

THERE ARE NO MISTAKES:

What will happen is what is intended to happen FOR you. Quell your fear and trepidation. Embrace and enjoy the ride. You’ll be helped all along the way. You simply haven't had these privileges extended to you before so, again, you have no idea how beautifully you will be taken care of.

RELAX!

You’re prepared. You’re ready. You’ve done it. The relief you feel may wipe you out. Get used to your new status, take a vacation, buy your new home and car, take care of your health and that of others, address emergencies, and enjoy!

Once you’re in the new realm of wealth and communing with other similarly blessed people, you will adjust to your new mindset along with the beautiful intentions you each have to help the world. We will be here for one another.

Go get ‘em! I say take as much money as you can. Let your professionals smooth the way and do the work. You’re “Executive Producers,” providing the funding for the projects that others will propose, shape, and run.

There is nothing to fear, and there is no way to lose.

And, of course, if this all makes your heart palpitate and you are feeling the lower market rates are more your size, by all means, trust your inner guidance, your “withinity.” Your “withinity” — your higher self, your divine guidance, your God — is your true and constant partner and ultimate arbiter of all decisions.

Go into your heart. Be still and know you are God.Blessings to all of you, and gratitude for your intel, encouragements, and camaraderie!

Blessings to all of you, and gratitude for your intel, encouragements, and camaraderie!

Questions You May Want to Ask at your Exchange Appointment

From Recaps Archives

Take what you like and leave the rest:  

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 CO-MINGLE 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)

Originally  Posted by EXOGEN

The Seven Step Plan for Sudden Wealth

From Recaps Archives- Reposted for our newest members

THE SEVEN STEP PLAN for SUDDEN WEALTH !

Wealth consultant xxxxxxx helps people develop skills to manage life and money when they receive overnight wealth. She has developed seven steps to handling financial windfall after years of working with individuals, families, trusts and foundations.

(1) Realize that you alone are responsible for these funds and your financial well being. Stay involved, read, and learn about financial matters.

(2) Step back take time to emotionally adjust and understand your new situation.

(3) Choose your path. What do you want for your life? Who do you want to be?

(4) Figure out your financial position. How much do you have? What are your current living expenses and what is your income? Is it enough to live on and do what you want to do, as identified in #3?
....

​(5) Slowly and thoughtfully assemble your team of advisors and gatekeepers.

Estate lawyer
Investment Manager
CPA
Wealth Consultant

(6) Create a Financial Plan with your team.

(7) Implement your plan.

Owning Responsibility

Resist the temptation to abdicate control or responsibility for your new found windfall. While it may seem easier at first to hand the funds over to someone or a group and say, “you take care of it”, in the long run, staying involved with your financial health is of paramount importance. Embrace this as an opportunity to learn in a new area.

Seek the advice of others with credentials and expertise, but stay in the decision making process. Use your common sense. Over time, you will be able sort out those you can trust and those whose advice is sound. Seek out and listen to the team you ultimately choose, but stay in the driver’s seat.

Money is like electricity; it can be a powerful source for good or for destruction. Exercise your good judgment. You can handle this if you take care and watch out for certain pitfalls.

Step Back

We recommend that our clients and friends do nothing for three to six months with their funds except put them in an interest bearing highly liquid vehicle. People who have earned money slowly over time have the time to adjust to their changing financial position. Give yourself the same privilege.

Windfall wealth comes with strong emotions. Sometimes we feel guilty, or have mixed feelings about the source of the windfall. Sometimes we have to face our own stereotypes and prejudices about people who have money, now that we do. Emotions and decisions about money are a lethal combination. Chill a little. Give yourself time for your emotions to adjust to your new situation.

Choose your Path

A good use of your “chill time” is to consider what is important in your life. Who do you want to be? How would you like to impact your world? Have you always wanted to quit working or does your work provide a meaningful sense of purpose and social resource for you? Have you wanted more time to serve a cause, help your children with college or return to school yourself?

Now is the time to envision the place you would like to serve in your life. These values should guide your plans for your windfall.

Take Stock of your True Financial Position

The “chill time” is also an excellent time to write out and assess your current financial condition.

List your assets: the amount in your bank accounts, brokerage account, IRA or other retirement accounts, and any real estate you may own.

Make a list of your debts, including credit card, student loan, and mortgage debts.

Go through your checkbook and credit card statement to list exactly how much you are spending, by category, if possible, to sustain your current lifestyle.

List your income, netting out social security, taxes, Medicare expenses, and contributions to retirement vehicles.

Most people find this to be an enlightening exercise and can help them set some immediate priorities. It often provides the reality check needed when facing a large sum of money.

Advisers and Gatekeepers

Assembling a team of advisers is particularly important as these will be the people who guide you through the management of your wealth. You can begin asking the wealthy people you know—your boss, the owner of your company, someone you may know through your place of worship, etc.—about advisers who they work with and trust.

​Most wealthy people hire advisers such as estate attorneys, wealth consultants, and investment or portfolio managers. Get a number of recommendations. Interview these people. Take your time to find people who both have a good professional reputation and who share your values and who you click with.

An investment manager will handle the investing of your assets for the long term to meet your objectives, whether they are for long term growth or income. The investment manager will be familiar with all asset classes, their risk/reward tradeoffs, and understand how they work together in your overall portfolio.

The portfolio manager should be able to explain this to you as he recommends the purchase of stocks, bonds, or other investment vehicles.

An estate planner or wealth consultant should guide you through the planning process to reflect your values and goals, help you ascertain them, recommend an overall plan, budget, will plan, and show you about vehicles like the various kinds of trusts, charitable vehicles, and insurance vehicles that would help you reach your goals with tax efficiency.

The wealth consultant should also be able to advise you on the various ways your assets can be protected from lawsuit, divorce, and other life challenges.

An estate attorney should review your plan and draw up the legal documents.

Your CPA can prepare the needed tax returns and forms to comply with federal and state regulations.

All professionals should coordinate with one another. The wealth consultant can orchestrate the coordination, but always keep you in the decision-making position.

Advisers can also serve as gatekeepers for your assets. Trusts can be set up that restrict the use of funds. Also, they can play the role of “bad guy” in declining requests for loans, hand-outs or funding “investment opportunities” that you do not really want or in which you cannot really afford to get involved.

In this capacity, they provide an excellent solution to a very common problem that most people with funds have: the urgent solicitations of family, friends, or charities who would like you to fund their pet projects.

An adviser can help you sort through the requests and speak on your behalf, if that would make you more comfortable. They may be able to steer you away from making some decisions that are purely emotional and might redound to your long term detriment.

Selecting your team with care requires time, referrals, patience, good questions, and good intuition.

The Plan

Your team will be able to run scenarios to let you know how long your funds will last at various spending rates, so you can prioritize your goals. They can project the funds you need to set aside for retirement, college, or other goals. They will make suggestions on how to best structure your funds to achieve your goals and protect your assets.

This is a good time to set a budget for charitable giving—both for organizations and for family and friends. This kind of plan will help you address solicitations.
Your investment plan will include how much income you need, how much risk you are willing to take for the return you need, and asset classes with which you are comfortable. A large investment plan can often take a year to implement, so you do not need to invest in everything at once.

Implementation

When you are comfortable with your plan and understand it and the trade-offs involved, it is time to implement it. Your advisers should guide you through this process.

​Problems

Now, let’s turn to some of the most common problems that accompany windfall wealth. On our radio show, Cynthia Kostas shared several stories of lottery winners who won millions and ended up on welfare within 10 years.

In her own practice she has observed five major causes of severe and unanticipated loss, which we detail below. One of the overarching vulnerabilities of people who come into money is that they often feel isolated.

They cannot easily share the challenges they face with their friends because their friends cannot really relate, often responding, “Yeah, I wish I had your problems”.

Feelings of isolation often push people to make decisions based on winning friends or approval or proving that they are still nice guys, though wealthy. Here again is where an objective and good adviser can help you sort out the reasons behind your decisions and gently remind you of the objectives, values and priorities you originally set out.

Pitfall #1: Overspending

Everyone has pent-up demand—a wish list—of what they would like to buy if they could afford it. Now is the time to enjoy a luxury that you have been thinking about, like a European vacation, new car, or swimming pool. Such dream items should definitely be included in your initial plan, or budget.

A problem occurs when people think that they are rich and therefore should live out their vision of how a rich person lives. The problem is that this vision is usually an illusion based on Hollywood.

Books like “The Millionaire Next Door” reveal that truly wealthy people live well beneath their means, investing for their future rather than living flamboyantly. Discern between needs and wants.

It is easy to get caught up in our consumer society that tells us things and experiences equate to happiness. In fact, spending is an addiction in our society of plenty. And, like any addiction you need more and more to get less and less satisfaction. This is a common trap into which many folks fall. Some solutions include:

• Consider what brings you satisfaction and what really brings joy into your life. Make a list. Most of the items cannot be bought. Revisit this list when considering your wish lists.

• Remind yourself that there will always be those who spend more than you and those who spend less than you. Living your priorities, not someone else’s is living with integrity.

• Remember God. Appeal to your higher being as you understand him, to guide your values and help you adjust with honor and integrity.

• Stay emotionally independent. Read and engage in activities that nourish and strengthen you. Nourish or engage your spirit. That is where happiness lies.

• Here again, it is your plan and your advisers that can keep you on track. Having taken stock of what you have and what you want to spend it on and how long it will last at different levels of spending provides the reality check that can help you avoid this pitfall.

Pitfall #2: Bad Investment Decisions

Bad investment decisions have been the ruin of many wealth windfalls. People like to talk about their investments and they mostly talk about the good ones. So when talking to successful people, one gets the idea that they are all great investors and it is easy.

Warren Buffet is one of the few investors willing to talk about failures he has experienced because he is confident and wants to learn from them. That is what makes him a good investor.

Most businessmen and successful investors draw on the wealth of 20-30 years of mistakes from which they have learned to get where they are today. Always remember you could be wrong and find investment counselors to back up your position.

Now that you are suddenly wealthy is not the time to start an investment learning curve. Find good people as advisers and invest conservatively.

Pitfall #3: Solicitations from Friends and Relatives

Many times family members will come to you with what they consider to be great business ideas that they have been wanting to try or with legitimate medical needs or financial difficulties such as debt that can be solved with a loan from you. This is a heart-wrenching dilemma because they touch us on a very emotional level.

We suggest that you carefully examine the need that is being presented to you.

Choose which people you consider to be in your innermost circle. Budget some percentage of your windfall to help such cases and stick to the budget so that your own goals do not get subverted by the troubles of loved ones. Family issues are complicated and multi-layered. Consider the following:

• Set aside the dollar amount or percentage of your windfall that you are willing to spend on family members in true need. Stay disciplined to this figure.

• If possible, do not share the news of your windfall with others.

• Do not get caught in the trap of trying to make all things equal. You cannot equalize financial aid to family members any more that you can equalize love.

• Differentiate another’s wants from needs from emergencies. If a relative or friend has an ongoing problem making ends meet, paying a bill will not help them in the long run. They need to make lifestyle adjustments to match their income. This is different from a sudden accident that leads to sudden unemployment.

• Make clear the limits of your help from the beginning.

• Help relatives find other solutions to their dilemmas in addition to or instead of money. What other sources of help are available for their situation? Can you help them budget or find social services?

• Draw a tight circle around your definition of friends that you would include with family members as being worthy of your financial assistance.

• Remember that getting someone in further debt (to you) often is not doing them any favors. A one-time infusion of money often does not provide the solution, but is only a band aid. When the money cannot be paid, or is not paid, relationships are strained, often irreparably.

• Evaluate any business that you are asked to invest in as you would any other investment. One out of every three start up businesses fails within three years. Seek evaluation of the business plan (be sure there is one!) from a professional.

• Others may not wish to borrow money, but to control your windfall by controlling access to you from friends and advisers. Sometimes they may wish to create a feeling that you are dependent on them. Or, they may want to gain social status through association with you. (“He or she will listen only to me.”)

Beware of anyone who tries to convince you that everyone else who might advise you is an imbecile or a cheat and that they are the only ones that you can trust.

• Of course we all want to help our loved ones when they are in need. All people have emergencies throughout the course of their lives. Being aware of the pitfalls can keep your good intentions from going sour

Pitfall #4: Solicitations from Charities

You will become a target for charitable appeals from organizations that are very professional in their approach. Often, development professionals will build friendships with you with this goal in mind.

You will find these friendships flattering and appealing, so your emotions will be involved, and your attachment to attention will influence you. Of course there will be causes about which you feel passionate. Many of these causes are worthy of your support. Consider the following:

• Prioritize which causes are most important to you. Who will you support this year and next year?

• Determine what dollar amount or what percentage of your income or wealth you are able to give away and still remain a responsible steward to yourself and your family.

• Set criteria for a charitable organization to merit your money. What percentage of their budget goes to the actual cause and what goes to administrative and solicitation costs? Will they work with you on a particular cause you are passionate about, like research for a particular cause, or a building for a particular purpose? Will they remain accountable to you, the donor, for the use of your money? Are they stable? Do they have a long-standing record of keeping their word on the use of donor’s money?

• Stay disciplined to this predetermined plan and criteria.

• Learn to say no. Use the phrase, “this does not fit into my charitable giving plan at this time.”

Pitfall #5: Bad Habits

The other day on the MaxOut Savings Show, wealth consultant Cynthia Kostas shared many stories of lottery winners losing their windfall to gambling habits and drug and alcohol use.

Part of the emotional fallout of windfall wealth is that it brings up issues that are painful for us. People anesthetize their discomfort with drugs or the adrenaline rush of gambling or other habits. This happens so often that it bears mentioning in this column.

Being aware is part of the battle. Seek counseling or other means to support you through the tough issues that sudden wealth often makes you face.

For many people, a financial windfall has been more of a curse than a blessing.

Taking care, thinking through your own motivations and those of others, and seeking professional and experienced guides can help you navigate a shift in financial circumstances to enhance your life.
 
(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.)