Dinar Observer Daily

BobTheTaxMan – Dinar Guru  Ordinary income…I want to show where it’s important for you to understand how it’s calculated.  We have our IQD…it’s taxed on a percentage that’s based on your marital status or filing status and certain allowable deductions.  Under the Biden Administration they want to change it.  It’ll go up from 39.5% if you make over 400K.  That’s the big thing they want to make a change to.

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Wolverine – Dinar Guru  …The Iraqis are trying to post their international rate today…They are working with the IMF and the AIIB to do so. They have the whole afternoon, and then they will lock down the rates that were loaded yesterday...They actually have the PROCEDURES for the RV scheduled, IF there is lockdown on the rates…This is it my friends we are at the last hurdle of this saga after 30 years waiting and so many disappointments that we faced throughout this journey where we thought were at the finish line.

Pimpy – Dinar Guru  They [Iraq} are taking all the right steps in the right direction.  Before they used to take two steps forward and like five steps back.  It was really disappointing to watch.  In 2019 we really thought it was going to happen because they really were chugging along and then all of a sudden it all fell apart.   But this is much different ever since Al-Kazemi’s been in office…

BobTheTaxMan – Dinar Guru  Estate [taxes] right now it’s wonderful.  If they leave the stepped up basis alone which it seems to be hinting that they are going to leave it alone then if you’re holding IQD in your estate and you pass on and your kids pick up that IQD they can exchange it tax free. However, we don’t know for sure that’s what’s going to happen because this is still in the throes of the government…

Desert Advisor – Dinar Guru  10% of the world’s phosphate in Iraq.  Huge amounts of it.  But it just came out a few days ago Article:  “7 billion weighted tons and 2 billion confirmed…Phosphate rocks in Western Iraq are waiting investment”  Quote:  “The total resources of the Iraqi deposits are estimated at 9.5 billion metric tons.”  How much is 1 metric ton worth?  “$245 to $388 for a metric ton. Let’s do some math, if it’s around $300 for a metric ton an Iraq has 9 billion of them…you’re telling me Iraq has 2 quadrillion dollars worth of phosphate in the ground?  That’s pretty cool…it’s now being attracted for investors.  Come mine it.  Come get it out of the ground y’all!

Pimpy – Dinar Guru  This is my opinion, my opinion only as they continue to rebuild they’re going to need a much stronger currency but right now I think what they’re trying to do is figure out how to just manage the budget, which they’re doing, implement the white paper reforms, all the things that need to be done for them to get on solid ground, which they will, but once that starts to happen and it looks like they’re definitely heading in the right direction, they’re going to have to change the value of their currency.  It has to start increasing in value… I think it’s going to go up in increments…quickly over time…

BobTheTaxMan – Dinar Guru  [Exchange tax scenario] You’ve got the IQD in your hot little hand…you run to the bank or an exchange location of some kind.  You hand them the IQD, they hand you dollars… Yay hallelujah!  You’re automatically exposed to ordinary income taxes…if it’s under $400,000 it’s going to be treated exactly the way it has been under the Trump Administration but when you get over that $400K mark it’s a new ballgame.  [Post 1 of 2]

BobTheTaxMan – Dinar Guru  You lose more on schedule A.  You have a higher tax bracket.  If you hit that million mark and particularly the 5 million mark in your exchange they whack the heck out of you.  And now plant your butt in California and see what it does.  I did a calculation today – 60 some odd percent between the fed and the state.    60%. [Post 2 of 2]

Pimpy – Dinar Guru   Article:  “In preparation for the upcoming Baghdad conference, the formation of a ministerial committee that includes Iraq, Jordan and France”  Looks like Iraq is going to be hosting yet again another type of conference in Baghdad.  This is good.  They’re networking with other nations.  This is what you want – to start getting out back on the international scene which is important to strengthen their economy.  We know what happens if your economy is strong, well so is your currency…

Desert Advisor – Dinar Guru  You probably realize Iraq is still .0006 as an exchange rate compared to the dollar and all the other countries [In the region] so…they need a strong foundation when it comes to their economy and how’s that going to happen?  First off they need to make sure they they make the right connections.  So who are they talking to?  Article:   “Al-Kazemi’s government signs the two largest contracts that will put Iraq in the category of the largest energy sources in the Middle East“.

Randy Koonce – Dinar Guru   Check www.cbi.iq  every day to see if it has changed…do not take a guru or a post about in country RV or any thing else do not be fooled just check the CBI…Do not let your emotions get to you.  Blessings.

MilitiaMan – Dinar Guru   …The 2021 Budget Amendments were said to be slated for the 14th of September, though on the 17th they told us they postponed that until today.  Today they told us they heard the appeal and will decide on the 23rd…Lets see if we get a surprise and they show just how sovereign they really are prior to the 23rd…

Randy Koonce – Dinar Guru   Remember when we get this done, to stop and Breathe.  Several times.  Be wise.  Be smart.  Do not be rash.  Make good decisions.  Seek advice. Do not give your dinar to anyone except a bank.  Get professional advice.  Invest wisely.  Learn to say ‘No’. This has been a journey none of us ever expected, but we should all be grateful to have been included in it.

MilitiaMan – Dinar Guru   …From the amount of convergences we see…the timing is clearly in our favor for an exchange rate change. …They are openly talking about digitization and with currencies being apart of the future outlook and much more…the new economic environment is ripe to grow and big time! …The environment will need the exchange rate to be with out occupation. As, in not at a program rate…They even told us that it is inevitable and that they already have it in the cards to evaluate oil pricing in Dinar. A digital transformation that will be global is fully underway and cannot stop, imo…They are going to end the occupation of the DINAR and that means they are to have practical sovereignty over their national product, their currency!!!…

RVAlready – Dinar Guru  I do not think this is being held up on purpose. This gets only one shot. Financial preparation, logistical preparation, and security preparation must all be made ready. I’m hopin

Kaperoni – Dinar Guru  Photo shows construction of new CBI building in Baghdad…

Randy Koonce – Dinar Guru   How are you makin it?   …It looks like there is a really good window open now through the end of September.  It appears that the Biden administration has gone back and endorsed the Obama era numbers; so even tho your money will be coming out over $1.00 – it will not be much over the $1.00.   The good thing is that the Biden group wants it out, and all the parties seem to have agreed. I do not have an exact day but, it looks good from now till the end of Sept…

Pimpy – Dinar Guru  We’re starting to see all kinds of agreement and projects starting…as long as I’ve been doing this I don’t remember this many articles.  It seems like every day now you’re seeing new agreements, new companies coming in, outside investors.  No doubt about it the economy is starting to open up.  This is really good so I’m really happy for the people in Iraq…

Petra – Dinar Guru   International markets are ready…Who hasn’t been to Iraq over the last 6 months? …basically every major player in the world has been in Iraq.  And for what reason?  They all have Memorandums of Understands, some have gone into formal contracting…everything is coming to a head…

Militiaman – Dinar Guru  Washington was here [Iraq] Thursday/Friday…they came in and did their thing.  Then Saudi Arabia did.  Then to Iran...I pray we’re at the crossroads that we’ve all been waiting for.  It sure looks promising.

Militiaman – Dinar Guru  they’ve been doing preparations for more than a few months…the whole process has been underway under our noses…it’s had some stops and starts but at this stage in the game we’ve gotten to a certain point…of digital transformation…we know the world banking institutions are fully aware…if you stop and look at a lot of the articles on mainstream media they’re talking about digital transformation, the US treasury is talking about digital transformation, the whole roadmap from Kazemi is about digital transformation…in other words we’ve got you ready, the banks are already, we’re here and now we’re going to show you what we have specifically ready for you.  Yes, I think the banks are completely 100% ready to finish this process and keep moving forward…

Petra – Dinar Guru  On Saturday Kazemi calls an extraordinary meeting of the Council of Ministers.  We believe they passed that budget [2022] at the Council of Ministers meeting on that Saturday…last week we had the US/Washington was there on Thursday and then on Saturday King Abdulaziz of Saudi Arabia himself showed up in Iraq .  Why in the world would the King of Saudi Arabia show up in Iraq ?

Mountain Goat – Dinar Guru   Article:  “HOW IS THE EXCHANGE RATE STABLE?”   …they are clearly talking about a pathway to returning the dinar to its glory days prior to the 1990’s invasion and NOT just pre- December 2020 devaluation rate. We all should be very happy as they are showing us the principals involved and how they plan to get there. Remember these items are all also in the White Paper…they are telling us “regarding the return of the official price to its previous era” that there are three things now in the way holding up the return of the dinar…  [post 1 of 2]

Mountain Goat – Dinar Guru   1.  limit the huge demand for hard currency with the aim of stabilizing the price and reducing it to less than the official rate…  2.  Need to control currency smuggling, and this matter needs great capabilities: We all know the culprit here is the currency auctions…  3.  Iraq needs time until the government controls the payment of its debts and the monetary reserve remains at the internationally accepted limits  …they are all interconnected and are already in motion now since December 2020…So, this stuff is…happening right now and has been ongoing. What we don’t know is where do they stand right now?  [post 2 of 2]

Pimpy – Dinar Guru  Everybody’s talking about, ‘hey there’s a new dinar, a new crypto dinar that’s out over there in Iraq.’  That’s the new rumor that’s going around.  It’s not new you guys.  There’s all kinds of tokenized dinar.  You guys just didn’t know about it.  It’s been around for a while…cryptocurrencies for the dinar have been around for a while now.  They’re backed by gold.  I do like that.

MilitiaMan – Dinar Guru   [Kazemi]…what did he do?  He showed them the money.  How did he show the money?  He told you… we’re going to value our oil in dinar at 45 dinar to a barrel.  It’s basic.  It’s that simple.  He did it…Who did he do it with?  He did it with the King [of Saudi Arabia], who is the head of what?  One of the head honchos of OPEC…this is really powerful stuff.  It’s effectively going to be a global situation.  It’s not going to be just about Iraq anymore…all boats rise with the tide and here we are…

Petra – Dinar Guru  What happened last week with the oil money. Everybody know about the Petrodollar [Oil based on the US dollar]…they announced they had calculated the oil revenue in dinars.  That was huge.  That is an indication that they had de-pegged from the U.S. dollar.  The fact that they calculated the rate…is very very exciting.  I think that’s a major major move last week.

Kaperoni – Dinar Guru  retweet:  Masrour Barzoni PM of Kurdistan Region of Iraq “Parliament has backed this cabinet’s actions to get rid of barriers to new businesses.  We’ve cut processing from 32 days to 1; visits to govt offices from 50 to 1; and cost by over 90%. We’re paving the way, so our entrepreneurs can build a better future for Kurdistan -mb“.

Desert Advisor – Dinar Guru  If they were to do something huge how would they go about it?  Look back to 2003 when they did a banking overhaul/new currency…LA Times…How they did it…basically you take your stack of 25000 dinars and now you get 25,000 dinars but in smaller categories.  Maybe you get 20000 back plus 5000 in smaller bills…That’s pretty much what they did.   [In 2003 going from Saddam notes to current notes].  It was successful.  Everything was fine.