Replies to post #306 on Iraqi Dinar RUMOR BOARD

[WayneC777]

your best answer will come from your tax man. The only thing I think we are to do is just report we have it, I think. But we are allowed to have foren currency and we do not need to tell from where we got it. It is yours. Our Government just do not want any bad activity here in the US, which is understandable.

As far as the LOP ...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46874215

Guys ask yourself this question ... which on of these would work with a LOP. Besides, "GRADUALY" removing the large Bulls is NOT a LOP ... WHY would Iraq Lop and PISS OFF all these Countries that forgave them.
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NEWS ARTICLES - IRAQ:

Points of Great Stride. Iraq's Dinar is doing great.

Iraq "IS 80% Debt Free" ... WHY WOULD THEY LOP

Iraq's Dinar "WILL BE" Globally recognized as a Iraq’s Currency "VERY SOON ... WHY WOULD THEY LOP

The bank spends $1 billion to $1.5 billion every month in oil ... WHY WOULD THEY LOP

revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. ... WHY WOULD THEY LOP

December 15th 2008, Iraq bought back 282.5 billion dinar ... WHY WOULD THEY LOP

Iraq became a SOVERIGN NATION on 1/1/09 ... WHY WOULD THEY LOP

Countries are forgiving BILLIONS of Iraq's debts ... Which will mean Iraq would be close to Debt Free with their NEW START ... 80 percent reduction on sovereign debt ... WHY WOULD THEY LOP

Inflation went from 74% down to 14% 13.6% sinse last year ... A Major Plus ... WHY WOULD THEY LOP

The U.S. Federal Reserve (A Private Company) did in fact exchange 7.5 Trillion IQD for $5 Billion USD to accumulate $100 Million per year in Interest via U.S. Treasury Bills for Iraq. ... WHY WOULD THEY LOP

They have to buy 5 Oil Tankers - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP

They have under contract to buy 5 new Jet Liners - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP

They said in 2008 they are to revalue the currency, but they can not because they need to get through options ... they are looking to drop 3 zeros

Inflation has also is the lowest in 17 Years ... WHY WOULD THEY LOP

Kids are playing in the streets now.
and more, its worth your time ... later

IRD has increased in value since 2003. From 2000.00 to current 1170.00 ... WHY WOULD THEY LOP

IRD is the most secured currency in the world from fraud. ... WHY WOULD THEY LOP

IRD is new, and the only currency in Iraq
(#1 Above) ... Debt Forgiveness ... Countries that have Forgiven Iraq's Debt ... WHY WOULD THEY LOP

The Paris Club, wrote off 60 percent of Iraq’s foreign debts
Dubai has forgiven the nearly $7 billion Baghdad ... WHY WOULD THEY LOP

The Bush Administration should formally call upon the European powers (primarily Russia, Germany, and France) and Arab nations (including the Gulf states and Egypt)

[cableguy]

Goofydog, sell it its a scam, the CBI (central bank of Iraq) has about 27 trillion in circulation, if you sell it on ebay chances are no one will know it, unless you decide to report it on your taxes as income, but more importantly is that if you wait till the 3 zero LOP your 2003 printed currency will basicly be worthless, because they will have to print other Iraqi currency ones with 1,5,10,20/25,50 dinarthat is where the dealers will rape you when you try to sell it to them, go to the other board and read Aerospaces post read alot of them especially the ones with links to the CBI website he has done MAJOR dd on it. good luck

[goofydog]

Thank you but, I think that if I understand it .. Now the 1Mil is worth about 900 us and when they or if they drop the 3'0s it will still be worth the same. I have so little that it will not matter, will it... As I said I have talked to my tax man and was told that a loan is nontaxable nor do you have to report it.. If that is the way I have to go.. I was just hoping for a better way. Like paying some tax's and not hiding anything.

[Aerospace]

Right now people are still willing to buy because there is an army of dinar pumpers out there lying about what's going to happen. So it's still somewhat easy to sell.
Once they announce the exchange and make it clear to the masses that it's a 1000 for 1 exchange there's going to be a stampede of sellers with no buyers.
Bank more than likely will not touch a redenominated currency.