How Fractional Banking Works To Allow For A Revaluation Of The IQD
.How Fractional Banking Works To Allow For A Revaluation Of The IQD
Josey Wales At OOMF - 10/17/2011 (Post by Red Lily) Dinar Recaps Archives
How Fractional Banking Economics will allow a high RV EXPLAINED:
First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.
What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.
What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.
How Fractional Banking Works To Allow For A Revaluation Of The IQD
Josey Wales At OOMF - 10/17/2011 (Post by Red Lily) Dinar Recaps Archives
How Fractional Banking Economics will allow a high RV EXPLAINED:
First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.
What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.
What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.
If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).
Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.
Oil Now Enters the Picture:
At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq.
Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar.
Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.
How the CBI “RECAPTURES” the Money:
The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel.
From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)
What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note!
Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.
The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.
More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000.
That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)
Other Factors that Strengthen Iraq’s Position and Ability to RV:
■DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.
■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time.
As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.
■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.
■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.
There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil.
This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.
So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:
■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10
■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.
■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000
■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”
■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20
This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!
In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming! https://okieoilmanandfriends.forumotion.com/
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?
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
.“Even If Not Intentional Discrimination, It’s Still Discrimination.”
“Even If Not Intentional Discrimination, It’s Still Discrimination.”
.Going Cashless Looks More and More Like a Capitalist Scam
By Ankita Rao Mar 22 2019
Paper vs Plastic
Lawmakers argue bans on cashless stores could protect tens of millions of Americans without access to credit cards.
When Bluestone Lane decided to go cashless, the people running the coffee franchise were thinking of efficiency.
“Cash takes time,” said Andy Stone, vice president of brand marketing and events at the company, which was inspired by cafe culture in Australia.
“In New York, nobody wants to be waiting in line.” There’s also the counting of cash, the moving and transferring of it in actual trucks, which can be vulnerable to theft.
“Even If Not Intentional Discrimination, It’s Still Discrimination.”
Posted in Dinar Recaps Archives on 8/2/2019
Going Cashless Looks More and More Like a Capitalist Scam
By Ankita Rao Mar 22 2019
Paper vs Plastic
Lawmakers argue bans on cashless stores could protect tens of millions of Americans without access to credit cards.
When Bluestone Lane decided to go cashless, the people running the coffee franchise were thinking of efficiency.
“Cash takes time,” said Andy Stone, vice president of brand marketing and events at the company, which was inspired by cafe culture in Australia.
“In New York, nobody wants to be waiting in line.” There’s also the counting of cash, the moving and transferring of it in actual trucks, which can be vulnerable to theft.
And, Stone noted, the transparency question. “Whatever comes into the system, comes into the system. It’s better for society if we pay more taxes.”
Bluestone is far from the only business allowing solely plastic or digital payments in a country where, a Federal Reserve report last fall estimated, credit and debit cards were used in 48 percent of consumer transactions in 2017.
But in the past several months, local and state governments have moved to resist this trend, citing concerns that a cashless economy could discriminate against the roughly 6.5 percent of US households—disproportionately young, low-income people of color—without bank accounts, and hike up the cost of goods to account for credit card fees.
In early March, Philadelphia became the first major US city to ban cashless businesses.
A couple of weeks later, the state of New Jersey followed suit, becoming the second state to ban virtually all cashless businesses after Massachusetts, which has had a policy in place since the 1970s.
To continue reading, please go to the original article at
5 Lies You’ve Been Told About Generational Wealth
.5 Lies You’ve Been Told About Generational Wealth
By Pavithra Mohan
From TNT -- Ify: This Article explains why RayRen continues to say NOT to gift large monies but to Educate your children, grandchildren... Article on Generational Wealth:
Here’s what you have wrong about people who inherit money.
5 Lies You’ve Been Told About Generational Wealth
The markers of generational wealth are manifold, from the promise of a good education to the security of homeownership. Wealth begets further wealth, but not always through inheritance of assets.
“Much of the transmission of wealth to the next generation goes through these earlier life processes, such as supporting children’s education, supporting their ability to purchase a home, or to get married,” researcher Fabian Pfeffer wrote in a recent study at the University of Michigan. “All of these—education, homeownership, marriage—in turn help you accumulate wealth.”
5 Lies You’ve Been Told About Generational Wealth
Posted in Dinar Recaps Archives on 7/20/2019
By Pavithra Mohan
From TNT -- Ify: This Article explains why RayRen continues to say NOT to gift large monies but to Educate your children, grandchildren... Article on Generational Wealth:
Here’s what you have wrong about people who inherit money.
5 Lies You’ve Been Told About Generational Wealth
The markers of generational wealth are manifold, from the promise of a good education to the security of homeownership. Wealth begets further wealth, but not always through inheritance of assets.
“Much of the transmission of wealth to the next generation goes through these earlier life processes, such as supporting children’s education, supporting their ability to purchase a home, or to get married,” researcher Fabian Pfeffer wrote in a recent study at the University of Michigan. “All of these—education, homeownership, marriage—in turn help you accumulate wealth.”
But the extent to which family money helps future generations retain and build on their wealth—or acquire financial literacy—is less marked than you might imagine. Here are some of the commonly held misconceptions about the beneficiaries of generational wealth.
1. Their Wealth Lasts Many Generations
We don’t have to look further than one Donald Trump to see how wealth can trickle down and set up future generations for success. But generational wealth is actually harder to maintain than America’s richest families might lead you to believe: About 70% of wealthy families lose their wealth by the second generation, and 90% do by the following generation.
One reason that happens is the next generation may not be equipped to manage the money they inherit. But it’s also that family wealth can be diluted as it is divided amongst children, especially if each has a different stance on how to invest or manage the family finances. (Think of the family jockeying on Succession.)
Some financial experts even recommend that—not unlike businesses—families come up with a “mission statement” to establish financial values and goals, in an effort to preserve wealth across future generations
2. Their Parents Talk To Them About Money
You might think parents with money share their financial know-how with their offspring. But that’s not necessarily the case. “Some parents don’t want their kids to feel like they have a huge landing pad or that they may not need to work,” says Emily Green, a financial adviser at Sallie Krawcheck‘s investment platform, Ellevest.
To continue reading, please go to the original article at
https://www.fastcompany.com/90372281/5-lies-youve-been-told-about-generational-wealth
Quotes On Life's Difficulties and The Power Of Words
.Quotes On Life's Difficulties and The Power Of Words
What is the difference in school and life? In school you are taught a lesson and then given a test. In life you are given a test and taught a lesson -- Tom Bodett
WHAT IS DIFFICULTY? Only a word indicating the degree of strength requisite for accomplishing particular objects; a mere notice of the necessity for exertion; a bugbear to children and fools; only a stimulus to men -- Samuel Warren
Quotes On Life's Difficulties and The Power Of Words
Posted in Dinar Recaps Archives on 7/28/2019
What is the difference in school and life? In school you are taught a lesson and then given a test. In life you are given a test and taught a lesson -- Tom Bodett
WHAT IS DIFFICULTY? Only a word indicating the degree of strength requisite for accomplishing particular objects; a mere notice of the necessity for exertion; a bugbear to children and fools; only a stimulus to men -- Samuel Warren
The greatest difficulties lie where we are not looking for them -- Goethe
It has been the glory of the great masters in all arts to confront and to overcome; and when they had overcome the first difficulty, to turn it into an instrument for new conquests over new difficulties; thus to enable then to extend the empire of science - Burke
It cannot be too often repeated that it is not helps, but obstacles, not facilities, but difficulties that make men -- W Matthews
Difficulty is a severe instructor, set over us by the Supreme guardian and legislator, who knows us better than we know ourselves, and loves us better too. -- He that wrestles with us strengthens our nerves and sharpens our skill -- Our antagonist is our helper -- Burke
The weak sinews become strong by their conflict with difficulties -- hope is born in the long night of watching and fears - Faith visits us in defeat and disappointment, amid the consciousness of earthly frailty and the crumbling tombstones of mortality -- E H Chapin
It is not every calamity that is a curse - and early adversity is often a blessing - Surmounted difficulties not only teach, but hearten us in our future struggles -- Sharp
To continue reading, please go to
and
.Patience May Be A Key Economic Indicator
.Patience May Be A Key Economic Indicator
Why wealth and patience appear to go hand in hand
Patience is often thought of in terms of social interactions. But the ability to bide one’s time also plays into national economics.
July 29, 2019 By Danny Jin Staff writer
Patience may be a virtue, but it could also be a key economic indicator.
Economists are interested in values like patience, altruism, and trust because they play key roles in how people behave.
Patience May Be A Key Economic Indicator
From Dinar Recaps Archives posted on 8/6/2019
Why wealth and patience appear to go hand in hand
Patience is often thought of in terms of social interactions. But the ability to bide one’s time also plays into national economics.
July 29, 2019 By Danny Jin Staff writer
Patience may be a virtue, but it could also be a key economic indicator.
Economists are interested in values like patience, altruism, and trust because they play key roles in how people behave.
Those individual and collective behaviors can have wide-ranging effects on a nation’s propensity for armed conflict, trajectories of per capita income, and expansion of entrepreneurial
activities.
Levels of patience, for instance, vary widely from country to country, according to an analysis of survey data collected from 80,000 adults in 76 countries. Sweden, the Netherlands, and the United States topped the list, with Nicaragua, Rwanda, and Georgia at the bottom.
Patience, it seems, is associated with factors that are key for upward mobility. Patient individuals, for example, not only were more likely to save but also had higher education levels, researchers found.
To continue reading, please go to the original article at
https://www.csmonitor.com/Business/2019/0729/Why-wealth-and-patience-appear-to-go-hand-in-hand
.Fathers Confess: Don't Make the Same Money Mistakes I Did
.Fathers Confess: Don't Make the Same Money Mistakes I Did
US News By Hal Bundrick
In life, there are occasions when we wish we could get a "do-over." Just as in the movie "Groundhog Day" or Tom Cruise's latest sci-fi thriller "Edge of Tomorrow," we would love the opportunity to keep doing something over and over until we get it right. In honor of Father's Day, we're going to give a few dads a mulligan on their money mistakes.
Lesson Learned
Mike Robbins, a motivational speaker and author of "Nothing Changes Until You Do," admits to making his share of financial mistakes and fully intends to pass on what he's learned to his two daughters, ages 5 and 8. Robbins' earliest memory of how financial pressures can affect a family goes back to when he was 8 years old.
Fathers Confess: Don't Make the Same Money Mistakes I Did
Posted in Dinar Recaps Archives on 6/16/2019
US News By Hal Bundrick
In life, there are occasions when we wish we could get a "do-over." Just as in the movie "Groundhog Day" or Tom Cruise's latest sci-fi thriller "Edge of Tomorrow," we would love the opportunity to keep doing something over and over until we get it right. In honor of Father's Day, we're going to give a few dads a mulligan on their money mistakes.
Lesson Learned
Mike Robbins, a motivational speaker and author of "Nothing Changes Until You Do," admits to making his share of financial mistakes and fully intends to pass on what he's learned to his two daughters, ages 5 and 8. Robbins' earliest memory of how financial pressures can affect a family goes back to when he was 8 years old.
"I grew up with a single mom, raised in Oakland, California, and we didn't have a lot of money," Robbins says. He recalls the night of a particularly violent rainstorm. The ceiling began to leak from the heavy rain so his mother ran to the kitchen to grab some pots and pans to catch the water. Robbins and his little sister were having a ball -- it all seemed like an exciting game.
"I thought it was fun. I was running around with my sister putting pots on the floor," Robbins recalls. "Then my mom just breaks down and starts crying in the middle of the living room, looks at us and says, 'I don't know what we're going to do.'"
With no money to fix the roof, he says his mom was scared and overwhelmed -- and so was he. "My dad wasn't paying child support, and my mom was trying to run her own business as a sales rep," he says. "It was scary. Things were really tight."
But that fear of financial failure didn't last. Years later, Robbins and his wife Michelle found themselves $105,000 in debt and $300,000 underwater on a mortgage.
"We'd never been taught the real basics about finances -- how to make and stick to a budget -- and we consistently spent just a little more than we made for many, many years," Robbins admits. "And we bought a house we really couldn't afford. When the economy tanked, we were in a world of hurt."
Ultimately, the Robbins liquidated their house in a short sale, paid off all the debt and started renting again. It was humbling, but necessary.
To continue reading, please go to the original article at
http://news.yahoo.com/fathers-confess-dont-same-money-mistakes-did-132700232.html
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?
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
My Mother Taught Me............
From Recaps Archives…..
My Mother Taught Me…………
1. My mother taught me TO APPRECIATE A JOB WELL DONE.
'If you're going to kill each other, do it outside. I just finished
cleaning.'
2. My mother taught me RELIGION.
'You better pray that will come out of the carpet.'
3. My mother taught me about TIME TRAVEL.
'If you don't wise up, I'm going to knock you into the middle of next
week!'
From Recaps Archives…..
My Mother Taught Me…………
1. My mother taught me TO APPRECIATE A JOB WELL DONE.
'If you're going to kill each other, do it outside. I just finished
cleaning.'
2. My mother taught me RELIGION.
'You better pray that will come out of the carpet.'
3. My mother taught me about TIME TRAVEL.
'If you don't wise up, I'm going to knock you into the middle of next
week!'
4. My mother taught me LOGIC.
'Because I said so, that's why.'
5. My mother taught me MORE LOGIC.
'If you fall out of that swing and break your neck, you're not going
shopping with me.'
6. My mother taught me FORESIGHT..
'Make sure you wear clean underwear, in case you're in an accident.'
7. My mother taught me IRONY
'Keep crying, and I'll give you something to cry about.'
8. My mother taught me about the science of OSMOSIS.
'Shut your mouth and eat your dinner.'
9. My mother taught me about CONTORTIONISM.
'Will you look at that dirt on the back of your neck!'
10. My mother taught me about STAMINA.
'You'll sit there until those vegetables are gone.'
11. My mother taught me about WEATHER.
'This room of yours looks as if a tornado went through it.'
12. My mother taught me about HYPOCRISY.
'If I told you once, I've told you a million times. Don't exaggerate!'
13 My mother taught me the CIRCLE OF LIFE.
'I brought you into this world, and I can take you out.'
14.My mother taught me about BEHAVIOR MODIFICATION.
'Stop acting like your father!'
15. My mother taught me about ENVY.
'There are millions of less fortunate children in this world
who don't have wonderful parents like you do.'
16. My mother taught me about ANTICIPATION.
'Just wait until we get home.'
17. My mother taught me about RECEIVING.
'You are going to get it when you get home!'
18. My mother taught me MEDICAL SCIENCE.
'If you don't stop crossing your eyes, they are going to stick that
way.'
19. My mother taught me ESP..
'Put your sweater on; don't you think I know when you are cold?'
20. My mother taught me HUMOR.
'When that lawn mower cuts off your toes, don't come running to me.'
21. My mother taught me HOW TO BECOME AN ADULT.
'If you don't eat your vegetables, you'll never grow up.'
22.My mother taught me GENETICS.
'You're just like your father.'
23. My mother taught me about my ROOTS.
'Shut that door behind you. Do you think you were born in a stable?'
24. My mother taught me WISDOM.
'When you get to be my age, you'll understand.'
25. And my favorite: My mother taught me about JUSTICE
'One day you'll have kids, and I hope they turn out just like
you.........
A Mother's Dictionary
From Recaps Archives
Happy Mothers Day to all the moms reading this.....hope it makes you smile.....
A Mother's Dictionary
AIRPLANE: What Mom impersonates to get a 1-yr.-old to eat strained beets.
ALIEN: What Mom would suspect had invaded her house if she spotted a child-sized creature cleaning up after itself.
APPLE: Nutritious lunchtime dessert which children will trade for cupcakes.
BABY: 1) Dad, when he gets a cold. 2) Mom's youngest child, even if he's 42.
From Recaps Archives
Happy Mothers Day to all the moms reading this.....hope it makes you smile.....
A Mother's Dictionary
AIRPLANE: What Mom impersonates to get a 1-yr.-old to eat strained beets.
ALIEN: What Mom would suspect had invaded her house if she spotted a child-sized creature cleaning up after itself.
APPLE: Nutritious lunchtime dessert which children will trade for cupcakes.
BABY: 1) Dad, when he gets a cold. 2) Mom's youngest child, even if he's 42.
BATHROOM: a room used by the entire family, believed by all (except Mom) to be self-cleaning
"BECAUSE": Mom's reason for having kids do things which can't be explained logically.
BED AND BREAKFAST: Two things the kids will never make for themselves.
CARPET: Expensive floor covering used to catch spills and clean mud off shoes.
CAR POOL: Complicated system of transportation where Mom always winds up going the furthest, with the biggest bunch of kids, who have had the most sugar.
CHINA: Legendary nation reportedly populated by children who love leftover vegetables.
COOK: 1) Act of preparing food for consumption. 2) Mom's other name.
COUCH POTATO: What Mom finds under the sofa cushions after the kids eat dinner.
DATE: Infrequent outings with Dad where Mom can enjoy worrying about the kids in a different setting.
DRINKING GLASS: Any carton or bottle left open in the fridge.
DUST: Insidious interloping particles of evil that turn a home into a battle zone.
DUST RAGS: See "DAD'S UNDERWEAR."
EAR: A place where kids store dirt.
EAT: What kids do between meals, but not at them.
EMPTY NEST: See "WISHFUL THINKING."
ENERGY: Element of vitality kids always have an oversupply of until asked to do something.
"EXCUSE ME": One of Mom's favorite phrases, reportedly used in past times by children.
EYE: The highly susceptible optic nerve which, according to Mom, can be "put out" by anything from a suction-arrow to a carelessly handled butter knife.
FABLE: A story told by a teenager arriving home after curfew.
FOOD: The response Mom usually gives in answer to the question, "What's for dinner tonight?" See "SARCASM"
FROZEN: 1) A type of food. 2) How hell will be when Mom lets her daughter date an older guy with a motorcycle.
GARBAGE: A collection of refuse items, the taking out of which Mom assigns to a different family member each week, then winds up doing herself.
GENIUSES: Amazingly, all of Mom's kids.
GUM: Adhesive for the hair.
HAMPER: A wicker container with a lid, usually surrounded by, but not containing, dirty clothing.
HANDI-WIPES: Pants, shirt-sleeves, drapes, etc.
HANDS: Body appendages which must be scrubbed raw with volcanic soap and sterilized in boiling water immediately prior to consumption of the evening meal.
HINDSIGHT: What Mom experiences from changing too many diapers.
HOMEMADE BREAD: An object of fiction like the Fountain of Youth and the Golden Fleece.
ICE: Cubes of frozen water which would be found in small plastic tray if kids or husbands ever filled the darn things instead of putting them back in the freezer empty.
INSIDE: That place that will suddenly look attractive to kids once Mom has spent a minimum of half an hour getting them ready to go outside.
"I SAID SO": Reason enough, according to Mom.
JACKPOT: When all the kids stay at friends' homes for the night.
JEANS: Which, according to kids, are appropriate for just about any occasion, including church and funerals.
JOY RIDE: Going somewhere without the kids.
JUNK: Dad's stuff.
KETCHUP: The sea of tomato-based goop kids use to drown the dish that Mom spent hours cooking and years perfecting to get the seasoning just right.
KISS: Mom medicine.
LAKE: Large body of water into which a kid will jump should his friends do so.
LEMONADE STAND: Complicated business venture where Mom buys powdered mix, sugar, lemons, and paper cups, and sets up a table, chairs, pitchers and ice for kids who sit there for three to six minutes and net a profit of 15 cents.
LIE: An "exaggeration" Mom uses to transform her child's papier-m‚chÈ volcano science project into a Nobel Prize-winning experiment and a full-ride scholarship to Harvard.
LOSERS: See "Kids' Friends."
MAKEUP: Lipstick, eyeliner, blush, etc. which ironically make Mom look better while making her young daughter look "like a tramp."
MAYBE: No.
MILK: A healthful beverage which kids will gladly drink once it's turned into junk food by the addition of sugar and cocoa.
"MOMMMMMMMY!": The cry of a child on another floor who wants something.
MUSH: 1) What a kid loves to do with a plateful of food. 2) Main element of Mom's favorite movies.
SWEATER: Magically charmed article of clothing that can ward away colds, flu and even pneumonia.
SUNDAY BEST: Attractive, expensive children's clothing made of a fabric which attracts melted chocolate and grape juice.
TEACHER CONFERENCE: A meeting between Mom and that person who has yet to understand her child's "special needs."
TERRIBLE TWO'S: Having both kids at home all summer.
"THAT WAY": How kids shouldn't look at moms if they know what's good for them. Also applies to how they talk.
TOWELS: See "FLOOR COVERINGS"
TRAMP: A woman with two kids and no stretch marks.
TROUBLE: Area of nonspecific space a child can always be sure to be in.
UMPTEENTH: Highly conservative estimate of the number of times Mom must instruct her offspring to do something before it actually gets done.
UNDERWEAR: An article of clothing, the cleanliness of which ensures the wearer will never have an accident.
UTOPIA: See "BUBBLE BATH"
VACATION: Where you take the family to get away from it all, only to find it there, too.
VITAMINS: Tiny facsimiles of cave people Mom forces you to swallow each morning as part of her sinister plot to have you grow up to be "just like Daddy."
WALLS: Complete set of drawing paper for kids that comes with every room.
WASHING MACHINE: Household appliance used to clean blue jeans, permanent ink markers, loose change, homework, tissues and wads of gum.
"WHEN YOUR FATHER GETS HOME": Standard measurement of time between crime and punishment.
XOXOXOXO: Mom salutation guaranteed to make the already embarrassing note in a kid's lunch box even more mortifying.
XYLOPHONE: Small toy musical instrument often given as gifts to children who show their appreciation by playing the stupid thing constantly, over and over, all day long! See also "DRUMS"
YARD SALE: Heart-wrenching emotional process wherein Mom plans to sell kids' outdated toys and clothing that she decides at the last minute are treasured mementos she can't bear to part with.
"YIPPEE!": What Mom would jump up and shout if the school year was changed to 12 months. See also "YAHOO!"
ZILLION: Amount of times Mom must have gone to the supermarket already this week.
ZUCCHINI: Vegetable which can be baked, boiled, fried or steamed before kids refuse to eat it.
Bits and Pieces in Dinarland Monday Night 4-27-2020
From Recaps Archives - Bits and Pieces you may find useful
TNT: DAZ: EXCHANGE THOUGHTS
THESE ARE BROAD GENERALIZED STATEMENTS OF GUIDANCE TO HELP MANY OF THOSE THAT REALLY HAVE NO PRIOR EXPERIENCE OR CONCEPT OF BUSINESS OR BANKING.
JUST BE NEAT AND LOOK LIKE YOU MEANT TO GET DRESSED TO MEET SOMEONE THAT YOU WANT TO HAVE A KIND AND FAVORABLE IMPRESSION OF YOU....ITS JUST A FIRST DATE...NOT THE WEDDING..
IM NOT EVEN GOING TO LET THE IDEA OF SOME "QUALIFYING" CLOUD MY EXPERIENCE OF THIS THING. THE QUICKEST, EASIEST WAY TO APPEAR OR BE PERCEIVED AS FEARFUL AND LACKING CONFIDENCE IS TO FEEL YOU ARE BEING JUDGED ON THOSE ATTRIBUTES.
WINNERS DONT DO THAT.
JUST BE A GOOD REPRESENTATION OF YOURSELF...NOT SOMEBODY ELSE...BE KIND, PUT A SMILE ON THE INSIDE...AND OUTSIDE. BE YOURSELF...BEING FAKE WONT GET YOU PAID ANY QUICKER OR BETTER IMO
From Recaps Archives - Bits and Pieces you may find useful
TNT: DAZ: EXCHANGE THOUGHTS
THESE ARE BROAD GENERALIZED STATEMENTS OF GUIDANCE TO HELP MANY OF THOSE THAT REALLY HAVE NO PRIOR EXPERIENCE OR CONCEPT OF BUSINESS OR BANKING.
JUST BE NEAT AND LOOK LIKE YOU MEANT TO GET DRESSED TO MEET SOMEONE THAT YOU WANT TO HAVE A KIND AND FAVORABLE IMPRESSION OF YOU....ITS JUST A FIRST DATE...NOT THE WEDDING..
IM NOT EVEN GOING TO LET THE IDEA OF SOME "QUALIFYING" CLOUD MY EXPERIENCE OF THIS THING. THE QUICKEST, EASIEST WAY TO APPEAR OR BE PERCEIVED AS FEARFUL AND LACKING CONFIDENCE IS TO FEEL YOU ARE BEING JUDGED ON THOSE ATTRIBUTES.
WINNERS DONT DO THAT.
JUST BE A GOOD REPRESENTATION OF YOURSELF...NOT SOMEBODY ELSE...BE KIND, PUT A SMILE ON THE INSIDE...AND OUTSIDE. BE YOURSELF...BEING FAKE WONT GET YOU PAID ANY QUICKER OR BETTER IMO
REALLY FEEL THE SMILE ON THE INSIDE..VISUALIZE IT..PRACTICE IT NOW...IT REALLY DOES CHANGE THE ENERGY IN A MEETING....YOU'LL BE FINE.
I WOULD NOT VOLUNTEER TOO MANY DETAILS, IDEAS OR CONCEPTS GENERALLY,
ALL GREAT IDEAS ALWAYS FIND OPPOSITION. A NEUTRAL CONFIDENT STANCE MAY BE WISE. A FRIEND ONCE TOLD ME...."YOU DONT HAVE TO TELL EVERYBODY EVERYTHING YOU KNOW...AND ITS BETTER THAT YOU DONT".
THEY WOULD RATHER HEAR THAT YOU WANT THEM TO TELL "YOU" ABOUT ALL THE PLANS, POSSIBILITIES, STRUCTURES AND OPPORTUNITES THEY MAY PROVIDE. WM'S DONT WANT TO BE TOLD HOW TO DO THIER JOB OR HOW YOU WANT THEM TO DO IT.
ULTIMATELY THEY TRULY JUST WANT YOU TO HAND THEM THE MONEY TO PLUG INTO THEIR EXISTING SYSTEM. ...THATS THE WAY THEY ARE TRAINED AND WHAT THEY ARE GENERALLY USED TO....AND THATS JUST THE REALITY OF THE THING
.
WE WILL BE CALM, CONFIDENT AND SMILING...THEY WILL BE TIRED, DISORIENTED AND ANXIOUS...SURELY WE CAN MEET IN THE MIDDLE SOMEWHERE.
MAYBE A SIMPLE BUT SOMEWHAT AMBIGUOUS REPLY UPON THEIR INQUIRY MAY BE BEST...
"I PLAN TO MAKE MY IMMEDIATE FAMILY A LITTLE MORE COMFORTABLE AND THEN I WANT TO LEARN HOW TO PROTECT AND GROW MY MONEY FOR GENERATIONS...AND I NEED SOME HELP WITH THAT."
THAT WILL PUSH ALL THE NECESSARY BUTTONS.
AND REMEMBER....IF YOU DONT UNDERSTAND, ASK, IF YOU DONT GET AN ANSWER YOU CAN UNDERSTAND, ASK SOMEBODY ELSE AND,......IF IT DONT FEEL RIGHT...DONT DO IT
Sample Script:
HELLO MR. BANKER, I HAVE IRAQ DINAR, VIETNAM DONG AND ZIMBABWE CURRENCY. (Bonds) I WOULD LIKE TO EXCHANGE/REDEEM...CAN WE DISCUSS THE MOST FAVORABLE RATES AND TERMS, BOTH PUBLIC AND PRIVATE, AVAILABLE FOR EACH?
WELL MR BANKER.....I RECEIVED SOME INFORMATION IN THE PAST THAT THERE MAY BE MORE THAN ONE RATE AVAILABLE DEPENDING ON HOW WE EXECUTED THIS EXCHANGE.
IF THERE ARE OTHER OPTIONS BESIDE AN EXCHANGE AT THE INTERNATIONAL RATE, I WOULD LIKE TO EXPLORE THOSE TERMS AND REQUIREMENTS IF THEY ARE AVAILABLE TO YOU OR ANY AT THIS BANK.
BE RELAXED, CONFIDENT, FRIENDLY AND PURPOSEFUL
EASY, SIMPLE, HONEST, INFORMED AND DIRECT
DebTarHeelgirl: FREE AND CLEAR LETTERS - This is on my list of to do's.
When speaking to the wealth manager of your financial institution after the GCR exchange, ask for FREE AND CLEAR LETTERS. They should give you 3 if you ask for them but may charge you for additional ones.
You should ask for at least 30 and if they charge PAY FOR IT – it’s a legal doc clearing your monies that your deposits and the giftings thereof are clean and not from illegal activities.
Since the Patriot Act was enacted after 9/11, all monies have to be seasoned. That means that Financial Institutions want to be sure that the funds are not coming from terrorists or drug deals. Wells Fargo, upon exchanging your currency will have validated where it came from and that the deposit is legal and legitimate with these Free and Clear Letters.
When you give funds to ministries and agencies, you want the receiving Financial Institution to know that the gift money you have given to the charity, family or friend has already been "seasoned and is legitimate".
Without the FREE AND CLEAR LETTERS, it may take weeks for the recipient to have the funds cleared for use. That would tie up valuable time and resources.
This also prevents and protects you from saying WHERE and HOW you obtained your funds... Great protection with this document to not violate any agreements to never share how you obtained your wealth.
All my best-Debbie
Lots of Intel providers talk about now.....is this really whats happening??? It may be!!! I always thought What is Nesara???? Many sites are talking about it……here is some information
NESARA ...Forgives all credit card, mortgage, student loan and other bank debt due to illegal banking and government activities..
Information about NESARA:
Source: http://www.ashtarontheroad.com/nesara-flyer-2-8-16.html
A law was passed in the United States in March 2000 and signed into law in October of 2000. This law is called N.E.S.A.R.A. – National Economic Security and Reformation Act. All politicians and media members are under a gag order to not speak of it publicly until it is officially announced. This new law will first be enacted in the United States and eventually will be rolled out across the world. The law provides:
· Forgives all credit card, mortgage, student loan and other bank debt due to illegal banking and government activities
· Dissolves the IRS and ends all income tax
· Creates flat rate non-essential “new items only” sales tax (food, medicine and all used items will not be taxed)
· Increases benefits to senior citizens
· Returns Constitutional Law to all our courts and legal matters – re-trains all judges and attorneys in Constitutional Law
· Provides for new representational elections within Constitutional Law.
· Monitors elections and prevents illegal activities of billionaires and special interest groups
· Ends the Federal Reserve System and begins a new US Treasury bank system that follows Constitutional Law
· Creates new US Treasury currency backed by gold, silver and precious metals,ending US Government bankruptcy. This will initiate global economic reform.
· Restores financial privacy
· Ceases all aggressive US Government military action worldwide
· Leads to peace throughout the world
· Enables release of over 6,000 patents of suppressed technologies and enormous sums of money for humanitarian purposes
The provisions of the National Economic Security and Reformation Act have been composed by visionaries who wish to correct past wrongs against the people in the United States. It is supported and inspired by statesmen around the world, as well as off-world, as a vision for global peace, freedom and prosperity.
Further information about N.E.S.A.R.A. history at these sources:
http://2013rainbowroundtable.ning.com/page/history-of-nesara-1
www.ashtarontheroad.com/history-of-nesara.html
https://freedomforhumanity2016.wordpress.com/tag/nesara-gesara/page/12/
************
That Moment When…….
