Adam here again! It’s been a pretty slow week or two in the Dinar news
section, but it looks like things are about to start picking up again.
I’m hoping to have some great news to share soon, but for now it’s
just a waiting game.
section, but it looks like things are about to start picking up again.
I’m hoping to have some great news to share soon, but for now it’s
just a waiting game.
Since you’ve taken the time to read this email, let’s talk about some
Dinar “myths” that have been kind of bugging me lately.
Dinar “myths” that have been kind of bugging me lately.
Here we go!
Myth 1: “Bank screens” are good sources for “intel”.
This is one of the silliest bits of nonsense you will ever hear, but
you will indeed hear it.
you will indeed hear it.
Friends , when the rate changes it will be done in one swift motion and
there will be no “bugs” or “glitches”, and quite simply: nobody is
looking at “bank screens” to see the rate change. If you hear anyone
say that, just smile and nod… and go somewhere else.
there will be no “bugs” or “glitches”, and quite simply: nobody is
looking at “bank screens” to see the rate change. If you hear anyone
say that, just smile and nod… and go somewhere else.
Myth 2: Bank X will “lock in” your rate if you use our “code”.
No bank or dealer in the world will “lock in” a rate. When you show up
with your Dinar, and it is authenticated, you will get compensated at
the current exchange rate.
with your Dinar, and it is authenticated, you will get compensated at
the current exchange rate.
Think about this. If the rate changes to $1 and you call to “lock in”
a rate, but when you get to the bank the rate has dropped to .50 – is
the bank going to take a FIFTY PERCENT loss? I don’t think so!
And on the other side of the coin, if the rate comes out at .50, but
when you get to the bank the rate has risen to $1…
a rate, but when you get to the bank the rate has dropped to .50 – is
the bank going to take a FIFTY PERCENT loss? I don’t think so!
And on the other side of the coin, if the rate comes out at .50, but
when you get to the bank the rate has risen to $1…
… are you going to take .50?
Again, I don’t think so!
Summary: When you hear people talking about “locking a rate”, just
smile and nod… and then go somewhere else.
smile and nod… and then go somewhere else.
Myth 3: A (Nevada, Wyoming, etc) LLC can help you save on taxes.
Well, this is sort of true. If you have a domestic (local to your
country) corporation, you should be able to use it to take some
(reasonable) deductions during the present tax year. However, at the
end of the year all of the profits flow through to you and unless you
like paying taxes twice… you are going to pay your taxes almost as if
you had never formed a corporation in the first place. For example, if
a company makes a million dollars in one year, they can either
distribute that money to the shareholders or the company can hold it.
If the company holds it, the profit is still reported and taxed at a
high rate. Since the profit is taxed at a high rate… what’s the point?
Quite simply, it’s pointless… but many attorneys will still
encourage you to set up an LLC, a Spendthrift Trust, a Foundation,
an Irrevocable Trust, and on and on and on… just so they can bill
you for their time. Unfortunately, none of these are adequate for
asset protection in our situation as Dinarians.
(Hint: If you want a SOLID asset protection plan, join my VIP group. I
promise it will be the best $49 you ever spent!
promise it will be the best $49 you ever spent!
Go here: http://iqd.me/l/order )
Myth 4: The Dinar is a Scam
Sigh… ok, there is some merit to this one as well. If you were
promised you’d wake up a millionaire… you were lied to, misled, or you
were talking to someone that was simply wrong. But let’s take a minute
to be realistic here… we are talking about the current actual currency
of a foreign nation. This foreign nation has gajillions of dollars of
potential based on their current economic growth, political progress,
and natural resources. This currency, the Iraqi Dinar, has gone up in
value since it dramatically crashed, and in all likelihood will
continue to do so. In fact, it has the potential to dramatically
increase in value! The Iraqi Dinar may not increase 1000% overnight,
but in my opinion… it’s going to keep going up, and in this day and
age I like the sound of that. More importantly… I like the potential
to not only make good money, but to make a LOT of good money.
It’s like having a lottery ticket that never expires!
Summary – the Dinar is not a scam, it is a currency. If you hold
authentic notes, you have not been “scammed”.
Myth 5: … ah, nevermind. That’s enough myths for one day.
LOL! I could go on and on with these “myths”, but I think you get the
idea by now. If you’re serious about the investment and protecting
your future wealth, I look forward to seeing you in my VIP group. If
you’re not the type to join VIP, don’t worry – I’ll still send you
these free emails. And when the rate changes, you can be sure you’ll
hear about it first from me.
idea by now. If you’re serious about the investment and protecting
your future wealth, I look forward to seeing you in my VIP group. If
you’re not the type to join VIP, don’t worry – I’ll still send you
these free emails. And when the rate changes, you can be sure you’ll
hear about it first from me.
Warmest RV Regards,
Adam Montana
P.S. If you have any questions about anything “Dinar”, please feel
free to post them in the weekly Q&A thread! You can find it in this
section of DV: http://iqd.me/l/chats
free to post them in the weekly Q&A thread! You can find it in this
section of DV: http://iqd.me/l/chats
P.P.S. Feel free to leave your comments below. Stay respectful, thanks! 
Related posts:
I have 25K Notes, bought from Money Exchange Centre. I am unable to judge whether the notes what i have are authentic or faked. Please advise.
Take a look at this page: http://dinarspeculation.com/2009/11/01/dinar-currency-scam/
Hi Adam and other investors:
I read today July 12th 2012 that kuwait is very pleased with Iraq as is the UN on the repayment by Iraq to Kuwait with the payments being consistant and in time will pay off their debt of which Kuwait believes it won’t take long. Kuwait is also very happy with Iraq on getting the border between Iraq and Kuwait established under UN guidelines.Even with terror attacks in Iraq the Iraq government is make great strides in resolving UN issues so they can get to a place where Iraq can get into the world market. Iraq is having growing pains yet they grow and that means we are closer to a reval of which I suspect will be solid. well kids thats my two cents worth, God bless. Kip
Adam,
The news from Iraq, I am in Tikrit, is that the Iraqis will be printing a new currency. It will not happen quickly, of course. An officer in the iraqi Air Force, a good friend, told me this news. I intend to bring my Dinar back from the U.S. and open an Iraqi bank account.
Have you heard anything about new currency?
They have the presses to do so, which, of course, you know.
Don
You are correct about what you wrote, I just think ……. (edited for vulgarity)
Thanks Rooadkill. You are free to disagree with me at any time (as is everyone else… heck, it’s the internet!
).
I just ask that you please be respectful with your comments and stick to the topic. Have a nice day.
I am requesting you NOT use my name in any of your comments.
Adam
I will rejoin next wekk. As a platumn menber. I would like to invest my Dinar and see up rise up over the next 2-3 years to the 3.45 where it will be someday.
Taking a little off as needed.
what is the best avenue for this
Thanks again
jim
Hi Adam, I must say right here and now YOU ARE ON TARGET. I never once believed the junk that is on different sites. Re: bank screens, can’t delevelge source of intel etc. I guess I could go on and on. As far as I am concerned you are the MAN. Many thanks….
Hi Adam, thanks for the myth busters. I am a VIP w/DV. If we ever get to cash in, I’ll use your group cash-in deal to get the best return on my dinar. I don’t do a lot of reading on DV anymore. I just tune in to the weekly Adam chat to catch up on the latest DV news.
Thanks for the good information!!!!!!!!!!!
What is the reason for all of these so called intel providers to get on these chats and hype it is going to RV. Every week goes by with same hype just said in a different way. By the end of the eek they start they hype & by the beginning of the week everyone is let down. Please if you have the true answer as to why are they doing this please email me. Many Many people are getting hurt by this behavior. Not only financially, but emotionally. People are committing suicide & these people seem to be un-touch by this all.
It is only human nature for people to look for the golden rainbow & be sucked in by this crap. Especially if they are already having mental situation. Thank you for your response in advance & God Bless You
Kathleen, some people simply have no idea what they are talking about but they like the attention. I’m sure some people are out there creating hype to boost sales for dealers. I do not do either of those.
As far as people committing suicide… if someone commits suicide over the dinar, I suspect there was deeper rooted issues there. Blaming others for their problems won’t solve anything.
One more comment! Thanks I needed that!
Fact: Global Financial War has prevented RV. BRICS are poised to take down Central Bank System & their Fiat Currency Criminal Operation. Thus NO RV that would allow DINARS & DONGS to be Cashed In / or Exchanged into the Central Banking System or FED in ths US. The BRICS goal is to have all of the worlds currency based upon Value as opposed to “thin air” like the Federal Reserve Note aka Dollar. As long as the Criminal Central Banking Group is deprived of REAL VALUE CURRENCY like the DINAR, then they are left without any viable means to conduct Global Business. China reportedly has controlling interest in Wells Fargo and are backing another BANK soon to be available to us here in the US. Patroits will HOLD DINARS to starve the Criminal Element.
I need to change my email address so I can continue to get the latest dinar news. Marvin
Just click the link at the bottom of the last email or try going to this link: http://dinarnews.net/news
Adam, Thank you for all of your great info and advice Thought I already am a VIP member..?
Hi Sharon,
This message was sent to all members on the Dinar News newsletter. I can’t tell if you’re VIP through that system.
To check your status, simply log in at http://dinarvets.com and go to the “My VIP Subscriptions” tab at the top of the site.
- Adam
I “suspect” that time is of the essence. I suspect that “things” are going on that the little peons are not to know about. I suspect that business as usual from the “big boyz” is no different today than yesterday.
Here’s what I’m afraid of; I fear that a ruse has been initiated to, indeed, “cash-in” the alleged “whales”; yet, steal the opportunity of a “greater/accelerated value” from all us little people that may hold as little as one 10k note in hopes of creating a better future. Could it be – that the alleged 6 – 8 day window of higher exchange started several days ago? And, could it be that our only “opportunity” will be when the “RV” has attained its “stable” (lower) rate?
We’ve all been stolen from before, even from people that we’ve loved. How much more viable would be the scheme to steal from people you never knew; faces they have never seen? I am suspicious of the “gurus” that have intentionally misled good people. I am suspicious of quiet voices that might (?) serve themselves first; then let the crumbs fall to the “peons.”
First i would like to say thanks for all the info Adam. Also i’m looking for info on cashing in the dinar. I purchased my dinar while serving in country in the military. How do i protect my investment? I have tried opening a bank account overseas with no luck (they will not respond). If there is a change in currency or value, I dont want to lose what i have already invested. Everyone tells me that im “screwed” because i’m holding the dinars. Is this true?
Hi Jody,
No, that’s not true. “Holding dinars” doesn’t eliminate your options to cash in after the RV! If you want to protect it, we have a SOLID strategy in the VIP section. For more information, please see this page: http://dinarnews.net/benefits
Adam,
If it doesn’t make sense to set up a NV LLC, (Limited Liability Company, not Corporation), why did your VIP group recommend it?
William, you must not have paid attention. If you set up ONLY an LLC, you didn’t get the point. Please re-read the information provided in the VIP section… the domestic corp (NV LLC) only helps if you also have an IBC.
How about these myths?
1) The dinar dropped from its $3+ level to the current $0.00086 when we invaded and hence can easily be reversed to be RV’d back to $1+.
The dinar dropped in value due to Saddam printing tens of trillions of dinars and thus hyperinflating the currency in the late 80s and 90s long before we invaded.
2) The dinar can be RV’d due to Iraq’s vast natural resources.
Again false. What is in the ground has no bearing on the current currency value. For floating currencies like the Dollar their value is whatever people will pay and for pegged currencies like the Dinar their value is based on the reserves of the central bank. Iraq has $60+Billion in reserves so with 72T in M2 that puts the dinar at its current rate of less than 1/10 of one cent.
3) Iraq will not redenominate as it would be very expensive.
Cash in Iraq does not last long and is replaced routinely as in any country, so new currency is quite inexpensive. Having new plates designed is a cost, but a small one in this context (tens of millions of dollars). An RD is the standard way many countries have removed the effects of past hyperinflation, which is why Iraq is very very very likely to do so, just as they continuously say.
4) Figures from the CBI can not be trusted, its all smoke and mirrors.
The CBI has been under intense supervision from the IMF, WTO, and US Treasury. The idea that their figures for inflation, M0, M1, M2 would be off more more than a very few percent under this scrutiny is just silly.
5) Iraq will make money by a big RV.
All dinars in circulation now can be viewed as having been bought from the CBI at the current exchange rate. Moving that rate up and thus causing holders to sell back will cost the Iraq billions if not trillions of dollars. For everyone making money on buying/selling dinars, the entity on the other side of that transaction is losing money. For a pegged currency that ultimately will be the central bank since they are the source of the original purchases and the sink of the final sale. Sell low and buy back high is a recipe for disaster.
6) You can not believe the articles and statements about a redenomination since they would never announce an RV.
This is simply a logical fallacy. It is true that changes to a pegged currency are of course not announced ahead of time, but that in no way implies the redenomination statements are false. Using this same bad logic one could say that a company would never announce that its shares were going to go up by 1000x in one day, so thus all earnings calls are false. Clearly nonsense.
7) A huge overnight RV can happen.
No country has ever revalued its currency to exit a hyperinflated state. The reason is simple: its impossible as the central bank reserves would be exhausted in an instant and the currency would crash. It can not happen.
You are welcome to your opinions. have a nice day.
Adam,
Thanks for the update! Send me some info on your group membership and cash-in deal. I have $1 million in $25k notes that I have been sit’in on them since 2009. Hopefully the Iraq’es will get there act togeather soon. Q: If they print “new” currency…what do you think happens to our’s?
Steve, see this page: http://dinarnews.net/benefits
First, I believe you are trying to speak the truth. I don’t believe a revaluation is anywhere near. Iraq needs a strong leader to channel and control the many resources they have. My biggest frustration is that you and many others out there keep stringing people along with the notion money is going to be made soon. Some even want you to believe big dollars are just round the corner. The value of Dinar will most likely go up but it is a long term investment and risky at best. Why do you keep making money off of people’s greed and false hopes. Seems a little unethical. Just my perspective.
Gordo, I provide a legitimate service with legitimate benefits. I don’t see anything unethical about that. If you are really that negative on the dinar, all you have to do is click the “unsubscribe” link at the bottom of any email I send. Have a nice day.
Hi. An old adage: If something looks to good to be true, it probably is… I have a mil of Dinars, will be happy when they RV, pay whatever taxes apply, and enjoy the net result. It’s just after 50 yrs of paying taxes, I don’t need to “outsmart” the government. What will be…will be.
Enjoy Your Day
Howard
Cool beans Adam!
thx~
Thanks Adam, I always check to read your advice and information about the Dinar. Ours is in my husband’s name and he is a lifetime VIP member already so we are just waiting. Have a great weekend.
Lynda, glad to have you with me! Be sure your cell number is entered on your profile so I can get your text message to you when the time comes.
Hello Adam,
Are there any groups or Banks in Canada that you are aware of that deal with IDQ ?
Or do we have to come State side to cash in ?
After a major change in the rate, you can likely count on most major banks resuming dealing with IQD. I have several that my VIP members will be using to cash in with, but I won’t release the names at this time.
Thank you for your insights in this adventure. I agree with Ceil. I do read the nonsense from the other “Gurus” and get a chuckle out of it,(especially Okie). Keep up the good work as we Dinarians love what you do for us.
I recently talked to a Mr. Naufel Hassan (Not sure spelling is correct) at the Iraqi Embassy in Washington DC. (Tel# 202-742-1600 x-115) Said he had recently been in contact with the ICB (because of the many inquiries he was getting, mostly from Iraqi immigrants who have settled here and still have Dinar) regarding RV. A “High up official of the ICB”
said new currency is still being designed and is out at least 1-2 years minimum before they introduce it. In addition he said they told him they will be dropping the zeros from the currency, in effect, making any investment in Dinar, bought with US dollars, a wash.
All you gurus remind me of a bunch of farmers in a corn field looking for grapes, but I do appreciate your efforts. Thanks Sam
Adam..thanks for all your work and information. I enjoy all your reports and you have been straight up with us all this time..Thanks again
i just had a question…..what kind of taxes will the banks charge….long term capital gains? For some odd reason, I was under the impression that they couldn’t charge capital gains because the Dinar is foreign currency?
..Sorry…this is a subject I am completely ignorant on.
Thank you,
Alana
It’s debatable. We have had people call the IRS and get different answers. My wife is a CPA and nobody in her professional circles can give us a definitive answer. I have a few ex-IRS agents that I talk to occasionally, and they don’t even have a definite answer!
However, most professionals agree that it will most likely be taxed as ordinary income for several reasons. For example, since it’s not classified as a Security or Investment. Gold and stocks are actual “Securities”, so you can claim long term capital gains if you held the SECURITY for over 1 year. Dinar is not a “security”, so most likely the same rules will not apply.
As a Wisconsinite, I can plan on paying about 44% on when I make more than $371,151 in one year. If I make a million dollars, $440,000 goes to Uncle Sam!!!!
I refuse to allow that to happen, so I’ve prepared against this by using an IBC.
If that’s something you would be interested in learning about, join my VIP group. Like I said – it will be the best $49 you ever spent!
http://iqd.me/l/order
Best regards!
I loved the Myth Busters! I learned a few things.
Anybody from Neenah WI can’t be all bad.
jerry, Hayward
lol!
I like yr ad and information but need to know how to tell if my dinars are authentic
Tim, see this page: http://dinarspeculation.com/2009/11/01/dinar-currency-scam/
some are suggesting that i photo copy my dinar before cashing it in is this true??
If you have nothing better to do
Hi
I watch and read news from other countries and I like what I see from Kuwait and how Kuwaite and Iraq are working together in friendly terms to resolve past issues from what Iraq owes Kuwait and the MIA issue on both sides, the actual individuals who go to Bagdad from Kuwait and report how they were treated as well as security in the Green zone.
My opinion is a revaluation may not be until the country has been on it’s own for a year. six months may be too soon since the USA left.
I only offer my opinion based upon what common sense says should happen, they are a new country with growing pains and as such I don’t expect any reval until next March.
Kip
Thanks for the info.
Doc
Adam,
Thanks for the Myths update,had not read or heard from you in a while!
Am looking forward to a good rate of return and hope it is very soon!I just turned 77 last month(April) and since I lost my wife 2 years ago this month(May) ,I feel my time is short,but,hope to enjoy what time is left and do some good with the new found monies—
And,yes it is the only “investment” I have.
I work 4 days a week and collect my Sec.Soc.!
Thanks for all you do,it is much appreciated and take care,
Mike
You’re stilll coverig info. about baing taxed on the cash-in after the revaluation of the Dinar. Why do you still believe that with a staight across the board exchange their is a requirement for a tax. There is no appreciation in money value taking place. It really isn’t any different than the bank exchange difference you’ve used. ” If the bank started exchanges at $.50 one day and the the rate changed to $1.00 the next and you cashed in, you would get the $1.00 rate and that would be it. You wouldn’t have to pay a tax on the $.50 increase. It would be the same for a Mexican Peso or a Spanish Paseta or whatever curency it would be. You buy it at one rate and you get the current rate when you exchange it back, no taxes involved.
Sorry Woodsman, but Sections 988 and 1256 of the IRS tax codes and I disagree with you. I hope you consult a professional before you actually file your returns after you make a large amount of money on a foreign currency exchange.
Hey adam,
The dinar has gone up in value and since Obama has made the excutive order go into next year when do you see this RV happening?And what do you personally think about the rate? Also I think we might just make thousands not millions. What do you think of it? Thanks again colton.
I have a concern from an email you sent me. I was under the assumption, and was actually told by a reliable source, that “if/when” the dinar does RV I would not be taxed. However, from what you sent to me, I should be concerned about this. Which is it? Do I, indeed, need to worry about being taxed should the RV’d dinar finally come to pass? I’d like your comments on this. Thank you.
Virginia, I’ll respond with a simple question: Do YOU think that our government is going to sit by and watch potential tax revenue just get away? Do YOU think that our government could possibly do everything they can to grab some of our profits?
OK, so why are many people looking at some special handling of the “millions” that they will be receiving, if in fact the RV results in a value of a few pennys increase. It seems that this advise only applies to those who have invested 10s to 100s of thousands of dollars in dinars. Am I missing something here? There seem to be only two possibilities here, one is that a person is holding extremely large amounts of dinar, or that the rv ends up being at $1.00 or higher. The info we have read says that the rv will be less than $1.00. So what is this really? Thank you so much!
I just wanted to say thanks for the info. I appreciate you and the time you spend on keeping us up to date.
I have heard enough from all of you guys, if this is a bad investment, cash out! We are all here for a good return, a investment return. This could really do good or go south. IT’S AN INVESTMENT…. IF you are holding Dinar’s and your positive that what information is given to you is wrong…. then cash out, it’s not for you. My dad is a big time investor, oil, gas, stock and gold. He’s won some and lost some. Oil, fifty fifty chance, it does or it don’t. What you need to do is your own research, in this case you have that in place with Adam. He’s been though all this before. Again, if you disagree and convinced this will not happen, like some of you has pointed out. Then cash out, their only a few garentees in life one life and death the other taxes. If not happy with this and what the program stands for… get out! People like me would love to buy you out. I will close with….. Have a nice day!
Rumors – Gurus – Speculators – Experts on Middle Eastern Politics – Amazing speculation – So, basically no one knows a thing about when, if, how or by how much
Hi Adam
It has been interesting to see happenings in Iraq and the return of items belonging to Kuwait are in process of being returned. Their co-operation on the super port. The visits by Kuwait news people to Iraq and the specific UN resolution coming closer to being completed. Still much violence yet the Iraq government has been able to maintain and grows stronger. I still believe there will be a 1-year time frame from when America left to the reval. I guess it will come in close to Kuwait dinar value and last I read was 2.83 lower than previous levels.
Just personal thoughts on what I have been able to glean from Kuwait.
Thanks Kip