Thread: Iraq/Dinar News. 09/05 to 01/14/07

Sounds like our Dinars can be referred to as floating balloons.....

UP...UP...and AWAY!!!!!

Fly HIGH my friends~! Sky's the limit, huh Adster?

Originally Posted by tiffany

Sounds like our Dinars can be referred to as floating balloons.....

UP...UP...and AWAY!!!!!

Fly HIGH my friends~! Sky's the limit, huh Adster?

Sounds like fun tiff!!!! Reminds me of that song Up Up and Away in My Beautiful Balloon!!

Hi Everybody,

I found some good tax stuff that one of you experts might wish to check out, it will be in 3 posts. I hope this is in the proper thread if not then ummm sorry?

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This is stuff I found on the net. It caught my eye & I thought I would share it with every one. ******PLEASE DO YOUR DUE DILIGENCE AND CHECK YOUR STATE & LOCAL LAWS BEFORE DOING ANYTHING*******

1) THE U.S.A. SUPREME COURT HAS RULED THAT TAX AVOIDANCE IS LEGAL AND LAWFUL....TAX EVASION IS ILLEGAL AND UNLAWFUL.

2) FORMER U.S. PRESIDENT REAGAN INDICATED IN A SPEECH IN THE EARLY EIGHTIES THAT THE INCOME TAXES COLLECTED DO NOT CONTRIBUTE TO ANY OF THE GOVERNMENT SERVICES THAT THE PEOPLE THINK (LESS THAN 5%)

Utilizing E-currencies with debit cards is a way to fly below the radar and have full access to funds when you need them. To really get the full benefit of this newly acquired wealth, you need to utilize structures such as the rich use. We are expecting a substantial amount from this first SP and we intend on using the the chosen setup of the elite - a series of entities that operate at 3 levels AKA The KITE Structure. Learn to fly a kite and operate at the elite level.

ONSHORE: We will use an LLC or better still a series of LLCs. All with EINs to interface with government and other public entities that want a tracking number to engage in commerce.

COMMON LAW: The LLCs mentioned above will be owned wholly by 2 or more CLTs or Common Law trusts. These vehicles have NO REPORTING REQUIREMENTS AT ANY LEVEL OF GOVT. The LLCs will issue 1099s and K1s etc.. to the CLTs to meet their statutory requirements, but the CLTs can wad those reports up and "round file" them. The point of 2 or more CLTs as owners, it makes the LLCs passthrough entities for tax purposes.

OFFSHORE: The CLTs will be wholly owned by a PIF or Private Interest Foundation. This will allow for all LLC and CLT equities to flow straight ino a secure zone with a minimum of taxes taken out. Also essential to this plan are IBCs that will allow for you to conduct business in other parts of the world and access opportunities that may otherwise be off limits to you (Offshore Hedge funds, Forex trading accounts, bank and brokerage accounts). The IBCs would be wholly owned by the PIF.

The essential element is that YOUR NAME IS ON NONE OF THE DOCUMENTS CREATING THESE ENTITIES. You will have removed yourself from the equation and limited your exposure, yet at the same time you will have access to and use of all of the wealth. The beautiful thing about the PIF is that the owners of the PIF are.....YOUR UNBORN GRANDCHILDREN!!!! The TRUE owner is never alive at the time you are managing the assets for them through the PIF.

The Wealthy and Elite created this protocol for themselves BEFORE they implemented the INCOME TAX SYSTEM that American and Canadians are stuck with at present. They had to leave themselves an escape route, less they be caught in their own snare.

(Voice of Iraq) - 25-08-2006 shall Sent this topic friend

Baghdad (Reuters) - praised General John Abi Zeid, the largest US army officer in the Middle East on Thursday, the campaign a major security in Baghdad, said that Iraq is far from civil war.

He said Abi Zeid reporters in Baghdad on the day reported that witnessed the explosion of three cars filled with explosives and two bombs on the roads, killing four people and injuring 24, "I think that there has been significant progress on the security front in Baghdad in recent times. We are optimistic that the stable situation. "

The army sent reinforcements to the American forces in Baghdad to assist the government in regaining control of the streets from sectarian militias and death squads that disqualify blamed for the death of thousands of acts of violence has raised fears of the outbreak of civil war.

He said Abi Zeid, who met with General George Casey commander of the American forces in Iraq, said that the statements made earlier this month before the United States Senate and said that sectarian violence in Iraq in the worst case seen misinterpreted.

He added : "No less that Iraq never goalkeeper stone of the civil war. It is astonishing how one says things sometimes and then carried reports in a different form. I think that there is a danger of a civil war in Iraq, but it is just a risk. I believe that Iraq is far from this. "

He said the leaders of American military actions stringent security, which included the deployment of 12 thousand soldiers and Iraqi additional US in the streets of the city resulted in a sharp decline in violence in some neighborhoods Sunni and Shiite troubled.

In an article published in the newspaper Wall Street on Wednesday reiterated US ambassador to Iraq Zalmay Khalil further statements by Iraqi and American leaders that the process of restoring peace to Baghdad is a crucial task.

And wrote "Battle of Baghdad will decide the future of Iraq, which will go a long themselves to determine the future of the most critical areas in the world."

Khalil pointed out that Baghdad has witnessed in July July "increased by 10% on the average monthly high for the" incidents of violence which left 2100 people dead.

He said that 77% of the dead and wounded have fallen as a result of sectarian violence, "which has increased fears of an imminent civil war in Iraq."

The violence resulted in the deaths of more people on Thursday, the American army announced the killing of two soldiers in Baghdad in a few hours and forty-eight years.

The two civilians were killed and nine were wounded, including two police officers when a car bomb driven by a suicide bomber in the Baghdad neighborhood inhabited by the new mix of Sunnis and Shiites in the east of the Iraqi capital.

Police said that two other civilians were killed in the explosion of a car bomb targeted a police patrol in the neighborhood, which overlooks Pashtun majority Sunni.

He denied a spokesman for the Interior Ministry on Thursday, media reports that the Home Minister survived an assassination attempt on Wednesday in the neighborhood which was inhabited by Sunnis and Shiites.

The spokesman said that an explosion occurred in the neighborhood of 10 minutes after the passage of parade Ministry of the Interior, but the minister was not among behind.

In southern British forces retreated from its base in Maysan governorate in southern Iraq, which are attacked almost every night and decided to break in the marshes along the Iranian border tracking arms smugglers.

It will relinquish soldiers and 600 tanks - the regiment and armoured fighting vehicles even employ Land Rover vehicles armed with machine guns guns only. The force will remain in a permanent state of the movement.

And accusing American officials and British arming Iran is a Shiite militias blamed for most of sectarian violence in Iraq is the attacks on coalition forces.

The stuff I put here is NOT my knowledge. I am NOT a tax advisor. Its just stuff I found on the net! ****** DUE YOUR DUE DILIGENCE BEFORE DOING ANYTHING. MAKE SURE YOU KNOW YOUR STATE & LOCAL TAX LAWS*****

In order to accelerate your movement along the wealth
building curve, you absolutely MUST have your own
business. I don’t care if its real estate investing,
a sales company or a service business. But you must
own it yourself or with a partner. Why, because the
tax laws are tilted in favor of people who are in
business for themselves. Let’s take a closer look.

If you are not in business for yourself, you are
earning your money as a W-2 employee. Unfortunately,
this is the highest tax form of income that there is.
In fact, the average American gives up between 42% and
55% of his or her income in the form of taxes. Sound
high? Well, consider this:


Currently we have a Federal tax rate of approximately
39%. States can charge as much as 9.6% and some of us
even have to pay a City income tax as high as 3%.

Then, there is the Invisible Killer tax known as FICA
or Social Security. Why do I say that it’s the
Invisible Killer. Please let me explain.

Social Security tax is broken down into two
components. The first component of 7.65% is paid
directly by the employee. Its taken directly from
your paycheck before you even touch it.

In addition to that, your employer must “match” your
contribution by paying another 7.65%. And this all
happens BEFORE you see a nickel of your paycheck. Its
like the government is playing a game of now you see
it, now you don’t with your money.

And isn’t it true that if your employer has to pay
that money to Uncle Sam, its less money that he can
pay it to you?

THAT’S OVER 15% OF YOUR HARD EARNED MONEY THAT YOU ARE
LOSING RIGHT OFF THE TOP!!!!!

Can you see how hard it is to get ahead when you are
paying out roughly half of your earnings in taxes?

Decades ago, a Supreme Court Justice named Learned
Hand made the following observation:

To paraphrase, he said “there are two income tax
systems in this Country; one for the educated and one
for the uneducated”

Here’s your chance to get a powerful education.

The following two diagrams hold the secret to tilting
the tax laws in your favor.

The first one illustrates the tax system for the
Uneducated:

Earn
-Pay taxes
Spend





Both systems start, of course, with earning income.
However, in the UN educated tax system, your taxes are
immediately deducted from your paycheck – BEFORE you
ever see it. Then, you have to live on what’s left
over.

Lets apply some numbers to this:

$100,000 Income
$ 50,000 Taxes

$ 50,000 What
you have left to Live on.

Now, contrast this with the EDUCATED system.

Earn
Spend
Taxes

Again, we start with earning income. But look closely
at the next line. In the EDUCATED system, you get to
spend your money BEFORE you pay taxes. Can you see
how this could have a HUGE impact on your financial
well-being?

This is the first step. This is one of the strategies
that people like Ross Perot, Donald Trump and Bill
Gates use to reduce their taxes from the 50% that the
average American pays all the way down to 4%-5%!
That’s right: 4% - 5%.

Now you know the first step, you MUST have your own
business.

Thanks to Drew Miles Esq. for this.

The stuff I put here is NOT my knowledge. I am NOT a tax advisor. Its just stuff I found on the net! ****** DUE YOUR DUE DILIGENCE BEFORE DOING ANYTHING. MAKE SURE YOU KNOW YOUR STATE & LOCAL TAX LAWS*****

I’d like to start with a question: At any
point in your life, did your accountant make it a
point to do a comprehensive review of the tax
deductions that you can put to work for you. If you
are like most people, the answer is probably not.

That’s not meant as a slam against accountants. Its
simply a wake up call to the fact that most
accountants and C.P.A.’s are income tax preparers, not
income tax planners. They may do a fine job of
preparing tax returns but the information that you are
now learning is simply outside the scope of their
services.

With that as a background, let’s take some time to
highlight a few of the more powerful, yet lesser-known
deductions that are available.

When I speak at seminars, I often teach people about
my Top-Ten favorites or what I sometimes call “The
Golden Tax Secrets”. They are:

1) Achievement Awards Sec. 74: Each year, your
company can give away to its employees three separate
awards. Each of these awards is worth $1,600 per year
in kind. That means that you can’t write the employee
a check for $1,600, but rather, you can present him or
her a gift (in kind). Examples include shi equipment,
a plasma T.V., golf clubs, cook ware, etc. You get
the idea. The gift can really be anything other than
cash.

The first gift is for longevity. This is reserved to
companies in existence for five years or more. You
can present the gift to your longest standing employee
and if you are the ONLY employee of the company, then
this would definitely be YOU.

The second is gift is for safety. This gift is
typically reserved for companies in a risky business
like construction or a factory. I suppose rehabbing
real estate would qualify.

The third gift is for sales excellence. You can award
your best salesperson this award based on their
outstanding performance during the previous year.

2) Your Annual Corporate meeting. The law requires
you to update your formal corporate documents each
year. This includes keeping accurate financial
records, corporate resolutions and minutes, etc. So,
as the owner of your business, you can combine your
annual meeting with a vacation, kill two birds with
one stone and make the entire trip deductible. And
you can bring your family, too.

3) Your Corporate Gym Sec. 132 (h). Unfortunately,
the IRS won’t let you directly deduct the cost of your
gym membership. However, under this code section, you
can deduct the cost of the Gym equipment. So that
Nautilus set, your Bow Flex machine, even the Gazelle
Trainer that you’ve seen on television – not to
mention free waits, a work out bench, etc – are all
tax deductible through your company.

4) Business Gifts. Your company can give gifts to
individuals of up to $25.00 per year. Often, these
gifts are given as year –end or holiday bonuses.

But a little known nuance is that your company’s
gifts to other companies are unlimited. So I suppose
your company could give a corporate gym membership
away to your friend’s company. I I can’t see any
reason for your friend’s company to provide a
corporate gym membership to your company in return.

5) Meals and Lodging – Sec. 119. Your company can
cover the costs of meals and hotel expenses required
for overnight stays. These trips might involve
researching new products, better sources of supplies,
new real estate deals, etc.

6) Put Your Kids on the Payroll. Instead of paying
your kids an allowance, hire your kids and put them to
work. They’ll learn first hand, the importance of
having their own business, and their salary is fully
tax deductible.

7) Seminars – Sec.162 Your company can pay for the
cost of educational seminars- even if they have
nothing to do with your current business. So, for
example, if you want to learn how to invest in
foreclosures, your comapy can pay the freight.

What about things like golf lessons, ski lessons,
dance lessons or ski diving? These can all be
included.

8) Dependant Care Plan Sec. 129. The code allows you
to deduct up to $5,250 for the costs associated with
caring for dependants This includes young children
and our adult parents who, nowadays often have to turn
to us for help.

9) Moving Expenses. Your company can pay the cost of
an executive move – whether it is across town or
across the country.

10) You Retirement Plan. Your company can establish
its own retirement plan. It can include you, your
spouse and even your kids. There are MANY different
types of retirement plans to choose from, and a
retirement specialist can help you choose the best
types of plans for you and your family.

Imagine hiring your child, grandchild, or niece/nephew
to work for your business and paying them a tax
deductible salary which they place into a tax
deductible retirement fund from the time they are age
7. You might also want to self-direct that plan into
your favorite investments. Just imagine the financial
head start that would give them.

And those are just ten of my favorites.

Thanks to drew Miles ESQ. for this

Originally Posted by Adster

Huge news the below, I know the folks I've spoken to are very excited about the below......In a nutshell, Mahdi and Shabibi are saying a r/v is in the works.....




The investment is not a country but a financially and administratively, as well as securing complement domestic investment in order to increase GDP. And the possibility of raising the value of the Iraqi dinar ... The rise in the value of parents t rise through reliance on that the country can provide the quantity of foreign currency through exports, increase exports and reduce debt is the result of the economy, which raises the value of the dinar.

praise God and pass the champagne. thanks Adster!

Originally Posted by abbey56

Hi,

This must the quietest day on this thread for ages so I thought I would come up with a question to keep us awake- why is that Saudia Arabia and Kuwait appear to be the only two countries that have not forgiven Iraqs debt??.

Good question,

But I am still half asleep. LOL Seriously, this is a good question, and it has been agreed to forgive debt, but it was tied to agreement to remove oil subsidies, and this has already started, so it is just a matter of time when the technical forgiveness is finalized. It will happen, and it may be announced soon, along with all the rest of the news we have been waiting to be announced.

Good luck to all, Mike

Originally Posted by Adster

Huge news the below, I know the folks I've spoken to are very excited about the below......In a nutshell, Mahdi and Shabibi are saying a r/v is in the works.....




The investment is not a country but a financially and administratively, as well as securing complement domestic investment in order to increase GDP. And the possibility of raising the value of the Iraqi dinar ... The rise in the value of parents t rise through reliance on that the country can provide the quantity of foreign currency through exports, increase exports and reduce debt is the result of the economy, which raises the value of the dinar.

This is Great, but already posted a week are two ago. So with that time frame of this, they may very well be getting closer.

Originally Posted by neno

This is Great, but already posted a week are two ago. So with that time frame of this, they may very well be getting closer.

Thats right just good to read again this news.Can you smell it Tommy hmmmm...
LOL