Adam Montana 5/25/2011

Adam Montana 5/25/2011

8:08 PM [Riley] Thank you - Heavyduty053 - Adam in you opinion do you think the IMF or whomever will step in a RV for Iraq if they can't seem to get it done. Thanks
8:08 PM [Adam Montana] Heavyduty053 no, i don't think so -
8:08 PM [Adam Montana] I'll tell you why
8:08 PM [Adam Montana] if Iraq can't get it done on their own
8:08 PM [Adam Montana] then they can't support it on their own
8:08 PM [Adam Montana] but that's not the case
8:09 PM [Adam Montana] Iraq CAN and WILL "get it done"
8:09 PM [Adam Montana] they have been making the right moves for a few years now
8:09 PM [Adam Montana] we all have to understand that just because someone impatient or uneducated thought it would happen a year ago
8:09 PM [Adam Montana] and they were wrong
8:09 PM [Adam Montana] that doesn't mean this investment is wrong
8:09 PM [Adam Montana] it just means that person was wrong
8:10 PM [Adam Montana] Iraq is moving forward, Iraq needs a stronger currency, and Iraq is doing what is necessary
8:10 PM [Adam Montana] we are getting closer and closer
8:10 PM [Adam Montana] so the IMF doesn't need to step in
8:10 PM [Adam Montana] thanks
8:10 PM [Adam Montana] next please?
8:10 PM [Riley] Jai5 - hello....what should we see during now until 30th june 2011? and what are the impact IQD rv to the world? thanks..
8:10 PM [Adam Montana] Jai5 thanks for the Q!
8:10 PM [Adam Montana] the world impact is huge and I would be here for a month talking about that!
8:11 PM [Adam Montana] but between now and June 15th
8:11 PM [Adam Montana] I expect to see the MOS position filled
8:11 PM [Adam Montana] remember it took several months for each of the other key positions filled
8:11 PM [Adam Montana] and now we're down to very few items left in the checklist
8:11 PM [Adam Montana] this should be an exciting time for anyone who is willing to look between the lines
8:11 PM [Adam Montana] next please Riley
8:12 PM [Riley] Adam you touched on this one - Touchdowndance - If the Security Ministers are voted in this week, what outstanding issues are there keeping the RV from happening?
8:12 PM [Adam Montana] Touchdowndance thanks, that's also a good question
8:12 PM [Adam Montana] i think people are so focused on the one position they are forgetting that Chapter 7 and the HCL still need to be addressed
8:12 PM [Adam Montana] now
8:13 PM [Adam Montana] if the Security position is filled this week, we could be on a fast track to getting the HCL or Chapter 7 done.
:12 PM [Adam Montana] now
8:13 PM [Adam Montana] if the Security position is filled this week, we could be on a fast track to getting the HCL or Chapter 7 done.
8:13 PM [Adam Montana] fast track means 2-7 weeks, not 2 days!
8:14 PM [Adam Montana] but once the position is filled, and we fast track to HCL or CH 7, then we could be 48 hours or not much more than that from CASHING IN!
8:14 PM [Adam Montana] I know that wasn't the "Monday" answer everyone expects, but I'm not that guy
8:14 PM [Adam Montana] oh!
8:14 PM [Adam Montana] speaking of "cashing in"
8:15 PM [Adam Montana] that's part of being a VIP - a better range of options and a better bottom line
8:15 PM [Adam Montana] next please, Riley?
8:15 PM [Riley] Adam - you are on a roll - looks like you touched on this one as well - Jocko129 - What or who is keeping this RV from happening.
8:15 PM [Adam Montana] Riley ha!
8:16 PM [Riley] Know b.s. - Do you think the dinar will rv before the dfi protection runs out june 30th? Or do you think the dfi protection will get extended and prolong this even more. thanks
8:16 PM [Adam Montana] Yeah i think I covered that in my last answer, maybe I should keep my answers shorter
8:16 PM [Adam Montana] Know b.s. thanks for the !
8:16 PM [Adam Montana] thanks for the Q
8:17 PM [Adam Montana] dangit... as soon as I say i'll keep it short, someone asks something like that.
8:17 PM [Adam Montana] ok
8:17 PM [Adam Montana] the DFI protection is going to be extended whether we are 3 days from an RV, 3 years from an RV, or it RV'd 3 days ago
8:17 PM [Adam Montana] here's why
8:18 PM [Adam Montana] if we are 3 days from an RV, they extend it to keep the "cover" alive - nobody wants to tip off MAJOR investors
8:18 PM [Adam Montana] if the RV is 3 years from now, they extend it because they have to
8:19 PM [Adam Montana] if the RV happened 3 days before the DFI coverage expires, they STILL renew it... because 1. the DFI doesn't move as fast as they should and 2. It's wise to do so in case the ReValued currency crashes.
8:19 PM [Adam Montana] that was a great question, thanks! Next please, Riley!
8:19 PM [Riley] Spiff - I have read the cash in guide and my cash in question is not in there. I am concerned about post RV high dollar wire transfers. When it comes time to cash in and we receive one large high dollar wire transfer, will this trigger homeland security to hold/freeze our money? I have heard and read that homeland security can do this and can hold our money up to 2 years. What is the best way to handle this when it comes to cashing in? I understand we should have stuff lined up Pre-RV. I also understand it is very involved and too much to go into during Wed night chat. But could you touch on this subject please? I can only speak for myself, my husband and I will be learning how and where to invest our money Post RV. Thanks Adam and MODS for all you do.
8:19 PM [Adam Montana] long question, but good
8:20 PM [Adam Montana] to summarize: Will a high dollar transaction like this trigger flags and cause a possible delay in receiving the benefits?
8:20 PM [Adam Montana] or, rather - high "dinar" transaction
8:20 PM [Adam Montana] the answer is "maybe"
8:20 PM [Adam Montana] i wish I could say no for sure, but let's be honest
8:21 PM [Adam Montana] Iraq is in the Middle East, there are a couple of bad guys (terrorists) out there, and YES - there can be some major hangups when we go to cash in!
8:21 PM [Adam Montana] ever hear of "probate"?
8:21 PM [Adam Montana] our accounts can be seized if we sneeze funny... this is a no-brainer
8:22 PM [Adam Montana] of course the government can seize our accounts
8:22 PM [Adam Montana] anyone who thinks "oh that's not fair" - well, too bad.
8:22 PM [Adam Montana] it can still happen
8:22 PM [Adam Montana] if you're a VIP member, I'd strongly consider cashing in outside of the US - I know I plan to
8:22 PM [Adam Montana] I will report every penny, of course
8:23 PM [Adam Montana] but it will be in an account that the US government can't touch
8:23 PM [Adam Montana] I will be "innocent until proven guilty"
8:23 PM [Adam Montana] but your US bank account full of Dianr Gains might not be so lucky
8:23 PM [Adam Montana] LOL
8:23 PM [Adam Montana] next Q please riley!
8:23 PM [Riley] Zabornaike - Adam, what are your thoughts on a time limit to cash in the larger denoms?
8:23 PM [Adam Montana] Zabornaike also a good question
8:24 PM [Adam Montana] that depends on the rate
8:24 PM [Adam Montana] if it comes out low, with the intention to grow over time... Iraq will NEED you to cash in those big denoms while the rate is low
8:24 PM [Adam Montana] if it comes out high, then there will likely be no time limit that will be of consequence
8:24 PM [Adam Montana] remember... even Iraq will make money on the RV
8:24 PM [Adam Montana] so the better they manage their money, the more they make
8:25 PM [Adam Montana] and it makes sense for THEM to take the profit, instead of letting us keep it
8:25 PM [Adam Montana] so again, i think it makes more sense to come out low
8:25 PM [Adam Montana] force a cash in of the low denoms
8:25 PM [Adam Montana] so they can buy back their "stock" at a low price
8:25 PM [Adam Montana] and then raise the value
8:25 PM [Adam Montana] after they already "called" in their notes
8:26 PM [Adam Montana] anyone who understands stocks and bonds will agree with that
8:26 PM [Adam Montana] next please, Riley!
8:26 PM [Riley] Hurricanewayne - I would like to know Adam's opinion on the meetings that happened on Monday night and 10 am Tues. since the plan is to vote on Saturday on the candidates for security ministers.
8:26 PM [Adam Montana] I'll do two more
8:26 PM [Adam Montana] Hurricanewayne that's a good question - I could speculate, but the other "gurus" do better jobs of making up stories.
8:27 PM [Adam Montana] I'll give it a shot
8:27 PM [Adam Montana] I bet they sat around talking to their maids about how they were going to tear apart every bank monitor until they found out what's been putting the writing on the backs of the screens. Then they sent the maids out with specific instructions not to tell anyone
8:28 PM [Adam Montana] but these maids, of course, are on the payroll of the 6 top Dinar gurus
8:28 PM [Adam Montana] so the stories will leak by Thursday
8:28 PM [Adam Montana] just in time to get you ready to buy dinar
8:28 PM [Adam Montana] LOL
8:28 PM [Riley] Texas1 - Is there really a way to block KeepM's posts? Just kidding - Do you know if the Bank Of Settlement in Switzerland is initiating, or is involved in the rv process prior to it showing up on Forex? and do they only do these types of changes on Tuesdays and Thursdays?
8:28 PM [Adam Montana] Texas1 LOL
8:29 PM [keepmwlknfny] LOL
8:29 PM [Adam Montana] The Bank of Switzerland is not the "key" to this RV, they don't have any special priviliges.
8:29 PM [Adam Montana] wow we had some AWESOME posts tonight!
8:29 PM [Adam Montana] great questions

IRS agent gets three years prison for filing false returns

– Thu May 26, 4:38 pm ET

LOS ANGELES (Reuters) – Uncle Sam has always taken a dim view of tax cheats, but the government went after a crooked IRS agent with gusto.

An Internal Revenue Service agent was sentenced late on Wednesday to three years in prison for filing false tax returns for himself and unwitting relatives whose tax refunds he then stole, federal prosecutors said on Thursday.

The IRS revenue agent, Albert Bront, 51, formerly of Santa Clarita, California, also was ordered to pay more than $12,000 in restitution to the government.

He pleaded guilty in January to one count of filing a false tax return and two counts of assisting others in doing so, though he admitted to filing a total of 15 fraudulent returns during a period stretching from 2003 through 2007.

Besides claiming bogus deductions for mortgage interest and alimony payments, Bront admitted to stealing large tax refunds he obtained through falsified tax returns he filed on behalf of unknowing relatives, the U.S. Attorney's Office in Los Angeles said in a statement.

Prosecutors said Bront even continued some of his illegal tax-related activities after he was initially caught.

"IRS revenue agents are bound by an oath and hold a position of trust," said Leslie DeMarco, special agent in charge of the IRS criminal investigations branch in Los Angeles. "Those officials that choose to ... break the law, destroying and abusing public trust, will be held criminally accountable."

(Editing by Greg McCune)

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The IRS does not need a court order for anything.

The IRS presumes you are GUILTY until proven innocent, it is not a court.

Play with the IRS at your peril.