7
QUESTIONS TO ASK YOUR CURRENCY DEALERS:
1. CAN YOU COVER RESERVES & LAYAWAYS?
2. IS YOUR FIRM LIQUID TO COVER THE CURRENCY ON
RESERVE/LAYAWAY?
3. IS YOUR FIRM COVERING THE RESERVE/LAYAWAY BASED ON
CREDIT?
4. DOES YOUR COMPANY HAVE THE PHYSICAL CURRENCY ON HAND IN
INVENTORY, IF I WANT THE CURRENCY ONCE THE RATES GO LIVE?
5. HOW LONG WILL IT TAKE YOU TO GET THE PHYSICAL CURRENCY ONCE
THE RATES GO LIVE AND CURRENCY PRICES CHANGE?
6. WHAT WILL THE TURN AROUND TIME BE ON PHYSICAL CURRENCY
DELIVERY?
7. CAN I PICK UP THE CURRENCY FROM YOUR COMPANY?
8. IN THE EVENT YOUR FIRM CAN NOT HONOR RESERVES WHAT IS THE
CONTINGENCY PLAN?
9. WHERE DOES YOUR FIRM GET THE PHYSICAL CURRENCY FROM?
10. WHAT IS YOUR SHIPPING/INSURANCE CRITERIA FOR REVALUED
CURRENCY?
11. WILL YOUR FIRM HAVE MULTIPLE LOCATIONS FOR PICK UP AND
EXCHANGE?
12. WHAT IS THE WIRING PROCESS WITH YOUR FIRM AND HOW WILL THAT
WORK?
13. IF CERTIFIED CHECKS ARE NEEDED HOW WILL THAT PROCESS
WORK?
14. WHAT BANKING INSTITUTION WILL YOU BE DOING WIRES WITH?
15. HOW DOES THE ONLINE BUY SELL PROCESS WORK?
16. IS YOUR FIRM STAFFED TO HANDLE VOLUME AT EXCHANGE?
17. DOES YOUR FIRM HAVE CREDIT TO COVER RESERVES?
18. WHAT WILL YOUR OPERATIONAL HOURS BE AT EXCHANGE?
19. DOES YOUR FIRM WORK WITH MULTIPLE BANKS?
20. CAN YOUR FIRM DO LEDGER TRANSFERS?
21. IF YOUR STAFF IN PLACE TO HANDLE CALL VOLUME?
22. HOW WILL THE PROCESS WORK ONCE THE RATES CHANGE AND YOUR
FIRM DOES NOT HAVE THE PHYSICAL CURRENCY IN HOUSE TO COVER PHYSICAL
CURRENCY PURCHASES?
23. EXPLAIN HOW THE LAYAWAY OPTION ON AN OPTION FOR CURRENCY
WORKS AND WHO DO YOU PURCHASE YOUR CURRENCY FROM?
24. IN THE EVENT YOUR SUPPLIER CAN NOT DELIVER THE CURRENCY ONCE
RATE CHANGES WHAT IS YOUR CONTINGENCY PLAN?
25. CAN YOU EXPLAIN YOUR POLICIES AND PROCEDURES IN DETAIL?
26. WHERE CAN I CHECK YOUR FIRMS CREDIT RATING?
27. DO I HAVE ANYTHING TO WORRY ABOUT WITH RESERVES &
LAYAWAYS WITH YOUR COMPANY?
28. MANY DEALERS HAVE GONE OUT OF BUSINESS AND STOPPED RESERVES
AND LAYAWAYS. HOW DID YOUR FIRM AVOID THAT PROBLEM?
29. WILL YOUR COMPANY HAVE NATIONWIDE EXCHANGE LOCATIONS?
30. IS THERE ANYTHING I SHOULD BE CONCERNED ABOUT?
31. IN THE EVENT YOUR COMPANY CAN NOT GET THE PHYSICAL CURRENCY
FOR MY RESERVE WHAT WILL TAKE PLACE BASED ON YOUR POLICIES &
PROCEDURES?
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7 QUESTIONS FOR TODAY
Tuesday, March 25, 2014
7:37 PM
1. HOW MUCH DO YOU KNOW ABOUT THE CURRENCY YOU HAVE
PURCHASED?
2. HOW MUCH DO YOU KNOW ABOUT THE COUNTRY YOU HAVE PURCHASED
CURRENCY IN?
3. HAVE YOU DONE ANY RESEARCH OR DUE DILIGENCE ON THE CURRENCY
YOU HAVE?
4. DO YOU READ WHAT IS TAKING PLACE IN THE COUNTRY YOU HOLD
CURRENCY IN?
5. DO YOU KNOW ANYTHING ABOUT THE MONETARY POLICY OF THE COUNTRY
YOU HOLD CURRENCY IN?
6. DO YOU MAKE INVESTMENTS BASED ON WHAT OTHERS TELL YOU OR DO
YOUR OWN RESEARCH?
7. DO YOU THINK IT IS IMPORTANT TO KNOW ABOUT THE COUNTRY YOU
HOLD CURRENCY IN?
GO TO THIS LINK AND CLICK THE COUNTRIES YOU HOLD CURRENCY IN
http://www.imf.org/external/country/index.htm
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7 QUESTIONS ABOUT YOUR IQD INVESTMENT FOR THE MORNING
Tuesday, March 25, 2014
7:40 PM
1. DO YOU KNOW WHAT HCL IS?
2. DO YOU KNOW WHAT ARBIL IS?
3. DO YOU KNOW WHAT THE STRATEGIC FRAMEWORK IS?
4. DO YOU KNOW WHAT ARTICLE VIII WITH THE IMF IS?
5. DO YOU KNOW WHAT ARTICLE XIV WITH THE IMF IS?
6. DO YOU KNOW WHAT THE IMF ARTICE IV REVIEW IS?
7. DO YOU KNOW WHAT THE OIL AND GAS LAW IS ?
8. DO YOU KNOW WHAT THE G.O.I IS?
9. DO YOU KNOW WHAT THE C.O.M IS?
10. DO YOU WHAT AN MP IS?
Visit stage3alpha at:
http://s3alpha.net/?xg_source=msg_mes_network
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5 QUESTIONS FOR TODAY
Tuesday, March 25, 2014
7:43 PM
1. HOW ARE USA BANKS ABLE TO ISSUE SKR'S OR A NON REGISTERED
CURRENCY?
2. HOW ARE USA BANKS ABLE TO MONETIZE SKR'S ON A CURRENCY THAT
IS NOT INTERNATIONALLY TRADEABLE?
3. HOW ARE USA BANKS ABLE TO SECURITIZE SKR'S ON A CURRENCY THAT
IS NOT INTERNATIONALLY TRADEABLE?
4. HOW ARE USA BANKS ABLE TO COLLATERALIZE SKR'S ON A CURRENCY
THAT IS NOT INTERNATIONALLY TRADEABLE?
5. WHAT ENTITY HAS AUTHORIZED AND ALLOWED USA BANKS TO BREAK
THESE BANKING LAWS AND USE A CURRENCY THAT IS NOT INTERNATIONALLY
TRADEABLE?
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Representative Exchange Rates
Tuesday, March 25, 2014
7:45 PM
Representative Exchange Rates for Selected
Currencies
Last update: March 25, 2014, 18:53:09 ET
Exchange Rate ArchivesDownload this file
TSV -- TSV tips
Representative Exchange Rates
Currency
Note
Value as of March 25, 2014
Euro
(1)
1.37890000
Japanese Yen
102.20000000
U.K. Pound Sterling
(1)
1.65020000
U.S. Dollar
1.00000000
Algerian Dinar
78.26110000
Australian Dollar
(1)
00.91360000
Bahrain Dinar
00.37600000
Botswana Pula
(1)
00.11280000
Brazilian Real
2.32480000
Brunei Dollar
1.26770000
Canadian Dollar
1.11760000
Chilean Peso
562.70000000
Chinese Yuan
6.14260000
Colombian Peso
1,993.85000000
Czech Koruna
19.88000000
Danish Krone
5.41350000
Hungarian Forint
225.89000000
Icelandic Krona
113.67000000
Indian Rupee
60.49350000
Indonesian Rupiah
11,357.00000000
Iranian Rial
25,296.00000000
Israeli New Sheqel
3.49000000
Kazakhstani Tenge
182.02000000
Korean Won
1,079.70000000
Kuwaiti Dinar
00.28140000
Libyan Dinar
(2)
1.93240000
Malaysian Ringgit
3.29950000
Mauritian Rupee
30.05100000
Mexican Peso
---
Nepalese Rupee
97.25000000
New Zealand Dollar
(1)
00.85440000
Norwegian Krone
6.04830000
Rial Omani
00.38450000
Pakistani Rupee
97.97730000
Nuevo Sol
---
Philippine Peso
45.21200000
Polish Zloty
3.03420000
Qatar Riyal
3.64000000
Russian Ruble
35.93160000
Saudi Arabian Riyal
3.75000000
Singapore Dollar
1.26770000
South African Rand
10.77285000
Sri Lanka Rupee
130.64970000
Swedish Krona
6.40420000
Swiss Franc
00.88340000
Thai Baht
32.51100000
Trinidad And Tobago Dollar
6.41350000
Tunisian Dinar
---
U.A.E. Dirham
3.67250000
Peso Uruguayo
22.78200000
Bolivar Fuerte
6.28420000
Notes:
These representative exchange rates, which are reported to the
Fund by the issuing central bank, are expressed in terms of
currency units per U.S. dollar, except for those indicated by
(1)which are in terms of U.S. dollars per currency unit, and
those indicated by.
(2)which are expressed in terms of currency units per SDR.
Pasted from
7 QUESTIONS ABOUT YOUR IQD INVESTMENT FOR THE MORNING
Tuesday, March 25, 2014
7:47 PM
1. DO YOU KNOW WHAT HCL IS?
2. DO YOU KNOW WHAT ARBIL IS?
3. DO YOU KNOW WHAT THE STRATEGIC FRAMEWORK IS?
4. DO YOU KNOW WHAT ARTICLE VIII WITH THE IMF IS?
5. DO YOU KNOW WHAT ARTICLE XIV WITH THE IMF IS?
6. DO YOU KNOW WHAT THE IMF ARTICE IV REVIEW IS?
7. DO YOU KNOW WHAT THE OIL AND GAS LAW IS?
8. DO YOU KNOW WHAT THE G.O.I IS?
9. DO YOU KNOW WHAT THE C.O.M IS?
10. DO YOU WHAT AN MP IS?
Visit stage3alpha at:
http://s3alpha.net/?xg_source=msg_mes_network
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5 QUESTIONS FOR LUNCH
Tuesday, March 25, 2014
8:37 PM
1. HOW MANY COUNTRIES HAVE STOPPED TRADING WITH THE UNITED
STATES?
2. WHERE IS JACK LEW GOING NEXT?
3. HOW IS THIS TIED TO THE IMF REFORMS?
4. HOW IS THIS RELATED TO THE BRICS & MINT COUNTRIES?
5. DOES RUSSIA FIT INTO THIS PICTURE AND IF SO HOW?
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QUESTION # 2 FOR THE EVENING
Tuesday, March 25, 2014
8:39 PM
WHAT IS THE RELATIONSHIP BETWEEN THE CME, SEC, EURONEXT, ISX,
IRAQ BONDS, MONETIZATION, SECURITIZATION, INSTITUTIONAL INVESTORS,
NEW UNITED STATES TREASURY NOTES, GOLD CERTIFICATES, HISTORICAL
BONDS, THE BANK OF INTERNATIONAL SETTLEMENTS, CHINA, AND THE RATE
OF $3.71
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FINAL RECAP: 17 CRITICAL EXCHANGE TIPS
Tuesday, March 25, 2014
8:42 PM
1. THE USD MAY DEVALUE (PLAN FOR THAT)
2. DO NOT RUSH IN AND EXCHANGE ALL OF YOUR CURRENCY
IMMEDIATELY
3. HAVE A PLAN FOR FRN'S AND TRN'S
4. THE RATES MAY FLUCTUATE AS THE SYSTEM RESETS (PLAN FOR
THAT)
5. FOLLOW YOUR PLAN OF ACTION
6. UTILIZE ARBITRAGE TO YOUR ADVANTAGE
7. UNDERSTAND WHICH CURRENCIES ARE LONG TERM HOLDS
8. UNDERSTAND MCA ACCOUNTS
9. UNDERSTAND THE BRICS CURRENCIES
10. UNDERSTAND THE MINT CURRENCIES
11. UNDERSTAND THE WEALTH/TRUST SIDE OF THE BANK
12. MAKE SURE YOU SEE RATES YOU WILL GET ON THE SCREENS
13. FOLLOW YOUR WRITTEN PLAN OF ACTION
14. DO NOT COMINGLE EXCHANGED CURRENCY WITH FRN'S
15. LEVERAGE MULTIPLE BANKS TO YOUR ADVANTAGE
16. UNDERSTAND THE IMPORTANCE OF A THIRD PARTY (NON-BANK) WEALTH
MANAGER AND FINANCIAL ADVISORY FIRM
17. IF YOU ARE UNSURE TAKE A FINANCIAL ADVISOR, ATTORNEY,
ACCOUNTANT, OR BUSINESS CONSULTANT WITH YOU TO YOUR APPOINTMENT TO
REVIEW ALL DOCUMENTS BEFORE YOU SIGN ANYTHING AND GET AN
EXPLANATION FROM THE BANK ON EVERYTHING YOU SIGN AND ASK
QUESTIONS.
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FINAL RECAP: 50 QUESTIONS TO ASK WHEN INTERVIEWING AN ACCOUNTANT
(C.P.A.)
Tuesday, March 25, 2014
9:40 PM
Nothing is more frustrating than to work hard and make a pile of
money, only to lose it in a law suit or to the IRS. There are core
people to each and every business team. Few are more important than
your accountant and your lawyer. Having been through the selection
process a few times, I figured it would be worth sharing some of
the wisdom we have gained.
I found an article on my final web search for a small detail
while writing this post. Reading it a few times, I was incredibly
stoked on Matts narrative. This is a great piece on the topic of
getting an accountant for web based contractors, check it out:
Accountant Showdown 2007.
The 5 Keys to Finding the Right CPA
1. Reputation
Good news travels quickly. Bad news is currently the only
man-made invention that can break the time barrier. When
considering an accountant, ask other business owners, lawyers and
even your local IRS agent who they would recommend. The fact is,
ask enough people and you will usually end up with a few good
choices. We found our lawyer this way. We asked around town and all
four of the people we asked referred the same woman. No contest.
And they were right, she has been a true asset to our company.
Once you have a list to work from, let the interviews begin.
Dont be afraid to take their time. If they arent willing to talk to
you now, they probably will never give you the time you need in the
future.
2. Communication
Your accountant should never be the lone gunman. They are part
of a team. They protect your assets and help you gain the knowledge
you need to make smart business decisions. If you dont understand
what they are doing, and they cant explain it to you, run like
hell. There is no easier way to get yourself in a whole lot of
trouble than to allow someone to play with your money without
supervision.
Start by finding an accountant who has the people skills to
match your level of understanding. If you have virtually no
bookkeeping experience, make sure they can explain to you what they
are doing in laymans terms. Even better, find someone willing to
teach you a little as you work together over time.
3. Guidance
An accountant is different from a bookkeeper. Your accountant
should offer much more than just pushing your numbers around into
new formations. They will help guide your business from a financial
perspective. Tax planning, how much you can pay yourself, how to
handle contractors vs. employees, and a lot more. Pay the money for
their advice, its usually worth it.
When interviewing accountants, ask their perspective on business
topics relevant to your industry. Ask if they have worked with
freelancers before. Make sure they are familiar with the common
perils and follies of your business type. Make sure they are
familiar with the tax laws that will impact you.
4. Availability
Make sure you can talk to them when you need to. If you have to
wait a week each time you have a question, it will directly affect
the performance of your business. Ask what their turnaround time is
after a phone call. How quickly can they usually fit you in for a
face-to-face meeting? How prompt are they with email?
Our current accountant is phenomenal in all aspects except this
one. Hes tough to get ahold of and it frustrates me. Frankly, it
will probably be the death of our working relationship some day.
For the time being though, he provides solid guidance and has been
there each and every time weve needed him.
5. Protection
One of the major roles a CPA will play is to guide you in the
situation of an IRS audit. Find out the level of experience your
accountant has in working with the IRS. This is very important, as
Im told that the audit process is often grueling and expensive. Our
current accountant was an auditor for the IRS for over a
decade.
50 Questions to Ask while Interviewing an Accountant
1. What licenses do you have?
2. How long have you been in accounting?
3. How long have you run your own accounting business?
4. Who are your other clients?
5. How do you calculate your fees?
6. Do you have any specialties?
7. Do you have experience with freelance independent
contractors?
8. How many accountants are in the firm?
9. Have you ever been convicted of a crime?
10. Can I see the results of your accounting firms peer review
report? (normally done every three years)
11. Do you consider yourself to be tech-savvy?
12. Are you active in the local business community?
13. Do you outsource any of your work? Do you perform the work
personally? If not, what is the review process?
14. Will the person I deal with change? Will I get a regular
person to discuss my finances with?
15. Are your services standardized (packages) or do you offer
customized services based upon my business needs?
16. Can you help me with 1099s & dealing with
subcontractors?
17. Can you help me set up a good balance sheet and income
statement?
18. How do you feel about teaching your clients about
finance?
19. What was the last accounting workshop you attended about?
How often do you attend continuing education?
20. Can I write off my new iphone? (probably) How about my
business suit? (only if it qualifies as a uniform has to have
branding etc...)
21. How long from when I call can I usually get an appointment
to see you in person?
22. Can I call you when I have a question? Do you answer
questions by email?
23. Do you have the knowledge and experience to handle my tax
situation?
24. Have you ever worked with a home-based business?
25. What new changes in the tax laws will affect me this
year?
26. What type of retirement accounts are available to me? How
would you recommend I use them to my advantage?
27. How will you help me maximize my tax savings? How do you
double-check that?
28. How long, approximately, will it take to finish my
taxes?
29. Who is your target client?
30. What do you love most about what you do?
31. Whats your privacy policy? Will you share my information
with any third-parties?
32. Based on your experience, what form of business structure
should I have?
33. What do you think of turbo tax?
34. What makes a good accountant in your opinion?
35. Do you know how to use ________ (your preferred accounting
software)? In your opinion, is this the right software for my
business? Why?
36. What happens if I get audited?
37. Have you ever been the accountant to someone being
audited?
38. Do you personally know the local IRS auditors?
39. What are some of the common problems youve worked through
with other companies in my business industry?
40. What specific deductions apply to me (childcare tax credits,
educational credits...)?
41. Have you ever worked directly with a clients financial
planner? What issues did that cause, if any?
42. What are some of the things I need to be aware of as my
business grows?
43. How does your firm handle setting up and guiding me through
estimated tax payment?
44. What is the difference between a good accountant and a bad
accountant?
45. Do you do your own accounting?
46. Without giving specific personal details, what is one of the
biggest messes you have encountered and how were you able to
help?
47. Do you provide bookkeeping? Payroll? What other services do
you offer?
48. What records should I keep and how do you recommend I
organize them?
49. Why should I use you?
50. Is there a question I should have asked that I didnt?
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FINAL RECAP: QUESTIONS TO ASK WHEN HIRING A WEALTH
MANAGER/FINANCIAL ADVISOR
Tuesday, March 25, 2014
9:43 PMGeneral Questions to Ask Wealth Advisors
Choose the questions that are most relevant for your
situation
When interviewing a wealth advisor, it is important to ask the
right questions and know how to interpret the answers. Here are
select questions to get you started. I
In a formal selection process the family should come up with
additional relevant questions that will isolate important
criteria.
Firm Background and Ownership
When was the firm founded?
When did the firm begin providing wealth advisory services? What
was the impetus behind the creation of the multi-family office
business, if applicable?
What is the firms organizational structure? If family-owned,
what is the percentage of the family s interest?
What is the firms ownership structure? If family-owned, what is
the percentage of the familys interest?
Does the firm develop an annual strategic plan? If so, what are
primary initiatives for the firm in the next two years?
What is the firms stated mission?
Is the firm a Registered under the 1940 Act of the Securities
and Exchange Commission? Please provide a copy of the firms ADV
Parts I & II filed annually with the SEC.
Services
Describe your expertise in each of the following service areas:
wealth transfer planning, financial planning,
foundation and philanthropic planning, investment management;
performance analysis, tax planning and tax compliance, bill paying
and cash flow management; client education process.
What are your areas of greatest strength when providing wealth
advisory services?
What new services/service enhancements are you planning to
introduce in the next year?
What aspects of your business distinguish you from your
competition?
Do you work with outside investment consultants to enhance your
research?
Client Relationships
How many family relationships does your weath advisory business
have? What is the distribution of clients by type (business owners,
wealth owners, wealth inheritors, foundation, etc.)?
How many new clients have you added/lost in each of the past
three years?
What percentage of your clients are full-service relationships?
What services do you typically provide to the clients that dont use
your firm for all services?
How do you get new business? Do you have an active new business
development effort?
What are current assets under management?
Please provide a breakdown of:
growth in new assets due to new client business over the past
three years growth in assets due to new assets from existing
clients loss of assets due to client attrition in the past three
years.
Provide references from three clients that have worked with your
firm for at least three years?
What were the reasons why former clients terminated your
services in the past three years?
Employees
How many employees do you have in each major department? Provide
a breakdown of employees in the following categories:
senior relationship managers, investment professionals, tax and
accounting professionals, philanthropy specialists; information
technology professionals, marketing professionals,
operational/back-office personnel
and administrative staff
How is the typical relationship management team structured? And
how is technical expertise provided to support the relationship
team?
How are the relationship managers compensated? If they are paid
incentive compensation, what is that based upon? Do they share in
firm profits?
What is the typical account load for a relationship manager?
Please provide the biographies for senior management and key
personnel who would service my account.
Provide the number of employee hires and
terminations/resignations for the past three years.
Client Servicing and Reporting
How do you most frequently communicate with clients?
Do you have regularly scheduled client meetings? If so, what is
the frequency and who typically represents the firm?
How do you interact with the clients other key advisors?
Do you provide electronic versions of client reports? Do clients
have on-line access to their reports?
What is the ?
Client Education and Research
What kind of client education do you provide?
Do you offer formal seminars or other educational
opportunities?
Do you publish research or newsletters for your clients benefit?
Please include a list of research papers distributed to clients
with the date of publication.
Pricing and Fees
Do you have a published fee schedule? If so, please provide. If
not, please describe how you determine a fee for a new client.
Is there a minimum account size or minimum fee requirement?
How does the fee structure differ for different client
types?
Do you offer any performance-based fees? As an alternative to
basis points?
Do you accept soft dollars from any product providers?
Do you accept fees of any other type of service providers? If
so, under what circumstances?
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WHICH FINANCIAL CERTIFICATIONS WILL YOU MAKE PRIORITY
Tuesday, March 25, 2014
9:46 PM
The Alphabet Soup Of Financial Certifications
By Investopedia Staff on November 26, 2010 A A AFiled Under:
CFP, CFA, Certified Financial Planner, Chartered Financial Analyst,
Chartered Financial Consultant, Chartered Life Underwriter,
Financial Professionals, Continuing EducationIf you have trouble
telling the difference between a CFA, CFP, CIC, ChFC or any of the
other financial certifications, you're not alone. How do you sift
through this alphabet soup to find the best financial professional
for you? Here we look at the nine most popular designations with a
brief explanation of the education and expertise each designation
signifies and the kind of work done by the professionals holding
them.
Certified Financial Planner (CFP)
Those with the CFP designation have demonstrated competency in
all areas of financial planning. Candidates complete studies on
over 100 topics, including stocks, bonds, taxes, insurance,
retirement planning and estate planning. The program is
administered by the Certified Financial Planner Board of Standards
Inc. In addition to passing the CFP certification exam, candidates
must also complete qualifying work experience and agree to adhere
to the CFP Board's code of ethics and professional responsibility
and financial planning standards. (For more on obtaining the CFP
designation, click here.)
A financial planner works with individuals to help them
understand their options and make financial decisions suited to
their personal financial situation and goals. Since, because of the
nature of their work, a lot of trust is placed in these
individuals, the CFP Board posts information on the financial
planning process and current licensees, allowing clients of CFPs to
verify if their financial planners' designations are in good
standing. The last thing anyone needs is to choose a CFP whose
certification has been revoked.
Chartered Financial Analyst (CFA)
This designation is offered by the CFA Institute (formerly the
Association for Investment Management and Research [AIMR]). To
obtain the CFA charter, candidates must successfully complete three
difficult exams and gain at least three years of qualifying work
experience, among other requirements. In passing these exams,
candidates demonstrate their competence, integrity and extensive
knowledge in accounting, ethical and professional standards,
economics, portfolio management and security analysis. (For more on
obtaining a CFA designation, click here.)
CFA charterholders tend to be analysts who work in the field of
institutional money management and stock analysis, not financial
planning. These professionals provide research and ratings on
various forms of investments. (For more on the different types of
analysts, see the article Analyzing The Analysts.)
Certified Fund Specialist (CFS)
As the name implies, an individual with this certification has
demonstrated his or her expertise in mutual funds and the mutual
fund industry. These individuals often advise clients on which
funds to invest in and, depending on whether or not they have their
license, they will buy and sell funds for clients. The Institute of
Business and Finance (IBF), formerly known as the Institute of
Certified Fund Specialists, provides training for the CFS, and the
course focuses on a variety of mutual fund topics, including
portfolio theory, dollar-cost averaging and annuities. The
knowledge these CFS designees hold is kept current through their
continuing education requirements.
Chartered Financial Consultant (ChFC)
Individuals with the ChFC designation have demonstrated their
vast and thorough knowledge of financial planning. The ChFC program
is administered by the American College. In addition to successful
completion of an exam on areas of financial planning, including
income tax, insurance, investment and estate planning, candidates
are required to have a minimum of three years experience in a
financial industry position.
Like those with the CFP designation, professionals who hold the
ChFC charter help individuals analyze their financial situations
and goals.
Chartered Investment Counselor (CIC)
Given by the Investment Counsel Association, this is a
designation that CFA charter holders who are currently registered
investment advisors can study for. The focus of the CIC program is
portfolio management. In addition to proving their high-level
expertise in portfolio management, these individuals must also
adhere to a strict code of ethics and provide character
references.
See how Vanguard can help with all of your retirement and
investing goals
Individuals who hold the CIC charter tend to be some of the
major players in the financial world, such as those who manage
large accounts and mutual funds.
Certified Investment Management Analyst (CIMA)
This designation focuses on asset allocation, ethics, due
diligence, risk measurement, investment policy and performance
measurement. Only individuals who are investment consultants with
at least three years of professional experience are eligible to try
to obtain this certification, which signifies a high level of
consulting expertise. The Investment Management Consultants
Association offers the CIMA courses.
Individuals who hold CIMA designations are required to prove
their expertise through continual recertification, which requires
CIMA designees to complete at least 40 hours of continuing
education every two years.
CIMA designation holders tend to have careers with financial
consulting firms, which involve extensive interaction with clients
and the management of large amounts of money.
Chartered Market Technician (CMT)
To achieve this designation, an individual must pass three exams
offered by the Market Technicians Association (MTA) and agree to
adhere to the MTA code of ethics. Individuals with the CMT
designation have a demonstrated expertise in the field of technical
analysis. Often CMTs will work for hedge funds and money management
firms.
Certified Public Accountant and Personal Financial Specialist
(CPA and PFS)
Those holding the CPA designation have passed examinations on
accounting and tax preparation, but their title does not indicate
training in other areas of finance. So, those CPA holders who are
interested in gaining expertise in financial planning in order to
supplement their accounting careers need to become certified as
personal finance specialists (PFS). The PFS designation is awarded
by the American Institute of Certified Public Accountants to those
who have taken additional training and already have a CFP
designation.
Chartered Life Underwriter (CLU)
This designation is issued by the American College, and those
who hold it work mostly as insurance agents. The CLU designation is
awarded to persons who complete a 10-course program of study and 20
hours of exams. The course covers the fundamentals of life and
health insurance, pension planning, insurance law, income taxation,
investments, financial and estate planning, and group benefits.
How Meaningful Are These Letters?
While certifications are not everything, you should give extra
credit to investment professionals who have them. Most of these
certifications require candidates to put in many hours of study and
meet high ethical and professional standards. For instance, to get
the CFA designation, candidates must put in approximately 250 hours
of reading per exam, and there are three exams to write. The tests
are so intensive that approximately 64% of those who write just the
level 1 exam will fail. Those who make it through all three levels
and become charter holders are also bound to a code of ethics and
rules of professional conduct, among other requirements.(For
further reading, see Dispelling the Myths Surrounding Financial
Planners.)
Although the exams can be intense and the hours can be long, the
designations should only be one part of your criteria when deciding
on a financial professional. (For more on this decision-making
process, see Shopping For A Financial Advisor.)
Conclusion
If you have to deal with a financial professional, it's
important that you know the extent of his or her expertise in
different areas of finance. Now you have an idea of what some of
the designations mean and what they require from those who hold
them.
Pasted from
FINAL RECAP: ADVANCED EXCHANGE STRATEGY EXAMPLE # 1 (MULTIPLE
CURRENCIES)
Tuesday, March 25, 2014
9:49 PMKEEP IN MIND WITH ALL EXCHANGE PLANS AND STRATEGIES YOU
ALWAYS START WITH WHAT YOU WANT TO NET WITH EACH CURRENCY AND USE
THAT AS YOUR FOUNDATION FOR THE STRATEGY. SEEK PROFESSIONAL
FINANCIAL ADVICE IF YOU ARE NOT AN EXPERIENCED INVESTOR BASED ON
THE EXAMPLE BELOW
STEP 1 (RESERVES/LAYAWYS)
CALCULATE THE TOTAL AMOUNT OF CURRENCY YOU HAVE IN LAYAWAY OF
RESERVE
A. RUPIAH
B. DONG
C. DINAR
STEP 2 (CHARTING)-IQD
CREATE A SPREADSHEET WHAT HAS A MINIMUM PROJECTED EXCHANGE RATE
FOR THE EACH OF THE EXCHANGE OPTIONS FOR THE IRAQI DINAR ONLY
A. NO TAX/NO NDA
B. 50% OF CAPITAL GAINS
C. 100% OF CAPITAL GAINS
D. MARKET RATE INCREASE/DECREASE
NOTE: CALCULATIONS SHOULD INCLUDE OPTIONS FOR SHORT AND LONG
TERM CAPITAL GAINS)
STEP 3 ( MINIMUM PROJECTED EXCHANGE RATES FOR OTHER CURRENCIES
IN YOUR PORTFOLIO)
A. VND (CALCULATE MINIMUM PROJECTIONS WITH 3 EXCHANGE RATES AS
THE FOLLOWING TO SAFE)
1. SHORT TERM CAPITAL GAINS
2. LONG TERM CAPITAL GAINS
3. ORDINARY INCOME
STEP 4: (ARBITRAGE)
A. DINAR-YOU CAN LEVERAGE A RESERVE/LAYAWAY AND HOLD ONTO IT AND
WATCH THE BOTTOM RATE INCREASE, IE THE MARKET RATE DRIVEN BY HEDGE
FUNDS AND INSTITUTIONAL INVESTORS, AND EXCHANGE YOUR RESERVE AT
SELECTED EXIT POINT BEFORE RATE MAXES OUT AND DROPS BACK DOWN TO
RATE COMPARABLE TO RATE IN KUWAIT
B. IN THE EVEN THE CONTRACTED RATES ARE ON THE OPEN MARKET &
FOREX YOU CAN OPEN UP A BROKERAGE ACCOUNT AND GENERATE RATE PROFIT
AS THE HIGHER CONTRACTED RATES DECLINE IF YOU KNOW WHAT YOU ARE
DOING OR HAVE A KNOWLEDGEABLE BROKER/DEALER OR TRADE YOURSELF.
(EXTREMELY RISKY FOR NOVICE)
C. SO BY UTILIZING ARBITRAGE YOU ARE CAPITALIZING AS RATES
INCREASE AND DECREASE SIMULTANEOUSLY.
NOTES: DO NOT TRY THIS IF YOU DO NOT KNOW WHAT YOU ARE DOING AS
YOU CAN LOSE IF IT IS NOT DONE CORRECTLY WITH OPTIONS STRUCTURED
CORRECTLY TO ACT AS RISK MITIGATION BUFFER.
STEP 5: (PORTFOLIO MANAGEMENT)
A. YOU KEEP TRACK OF THE CURRENCIES YOU ARE HEDGING VIA
ARBITRAGE
B. THEN ADD UP THE CONTROLLED HOLDINGS AND ROI'S ON THE OTHER
CURRENCIES
STEP 6: (DIVERSIFICATION INTO M.I.N.T CURRENCIES OR B.R.I.C.S.
CURRENCIES)
A. YOU CAN USE THESE CURRENCIES AS A LEVERAGED HOLD
STEP 7: (THE MULTI CURRENCY ACCOUNT/MULTIPLE CURRENCY
ACCOUNT)
A. ONCE YOU EXCHANGE YOU CAN PLACE A PREDETERMINED AMOUNT OF
CURRENCY INTO
THIS ACCOUNT TO USE AS LEVERAGE FOR A LONG TERM HOLD ON THE
WEALTH SIDE OF THE BANK.
B. YOU CAN ALSO DIVERSIFY INTO OTHER CURRENCIES WITH THESE
ACCOUNTS TO HEDGE AGAINST
USD DEVALUATION, AND ONLY CONVERT AS NEEDED WHICH LIMITS TAXABLE
EVENTS AS THEY ARE
STRUCTURED NOW IN CONTROLLED SETTING.
C. YOU CAN PARK A PORTION OF CURRENCIES INTO THESE ACCOUNTS IN
THE CURRENCY ITSELF AND MAKE SURE WHEN ACCOUNT IS STRUCTURED
CURRENCY DOES NOT CONVERT TO USD AND REMAINS IN THE FOREIGN
CURRENCY ITSELF.
Pasted from
FINAL RECAP: BASIC EXCHANGE STRATEGY EXAMPLE # 1 (NO CONTRACTS,
NO NDA, & NO IQD TAX)
Tuesday, March 25, 2014
9:54 PMBASIC EXCHANGE STRATEGY #1 (NO CONTRACTS, NO NDA & NO
TAX ON IQD ONLY)
1. FIND OUT WHAT YOU NEED TO NET FROM THE EXCHANGE
($100,000, $500,000, $1,000,000, $5,000,000, $10,000,000
ETC....)
2. ADD UP OF ALL OF YOUR PHYSICAL HOLDINGS IN EACH CURRENCY
A. DONG
B. DINAR
C. RUPIAH
D. ZIMBABWE
3. ONCE YOU HAVE ADDED UP YOUR HOLDINGS MULTIPLY EACH BY THE
LOWEST POSSIBLE
PROJECTED EXCHANGE RATE FOR EACH CURRENCY.
4. ADD ALL OF THE HOLDINGS TOGETHER TO SEE IF YOU HAVE MET THE
NUMBER YOU NEEDED TO
NET FROM THE TRANSACTION (TOTAL COMBINED HOLDINGS X LOWEST
EXCHANGE RATE FOR EACH CURRENCY.)
5. ADD OF EACH COLUMN AND SEE WHAT YOUR COMBINED TOTAL IS THAT
YOU NET AFTER EXCHANGE.
6. SEE WHAT YOUR FINAL COMBINED CASH NUMBER IS AND WITH THIS
EXAMPLE THERE ARE NO TAXES. NO NDA, NO CONTRACTS, AND YOU LIVE A
FREE LIFE WITH NO STRINGS ATTACHED FOREVER!!!
NOTE: INCLUDE ALL RESERVE HOLDINGS IN THIS EXAMPLE AT THE LOWEST
PROJECTED RATE
Pasted from
FINAL RECAP #6 (ADVANTAGES/DISADVANTAGES OF CURRENCY
DEALERS)
Tuesday, March 25, 2014
9:59 PMADVANTAGES
1. MULTIPLE PAYMENT OPTIONS TO BUY CURRENCY
2. BUY/SELL ARRANGEMENTS CAN BE EXECUTED ONLINE
3. MANY OF YOU ALREADY HOLD RESERVES WITH DEALERS & ARE
CUSTOMERS
4. YOU HAVE THE OPTION TO GET IQD & CASH OR BOTH
5. YOU CAN LIQUIDATE MULTIPLE CURRENCIES
6. MULTIPLE OFFICES WILL BE OPENED NATIONWIDE
7. YOU HAVE THE OPTION TO PICK UP YOUR IQD
8. YOU CAN LIQUIDATE A RESERVE TO PURCHASE MORE CURRENCIES
9. OPTIONS FOR METALS
10. LEVERAGE TO PURCHASE MORE CURRENCIES WITH RESERVES
11. LAYAWAY & RESERVE OPTIONS
12. OPTION TO PURCHASE EMERGING MARKET CURRENCIES
13. COMPLETE THE EXCHANGE FROM THE PRIVACY OF YOUR HOME
14. LEVERAGE RESERVES IN THE EVENT CURRENCY RATE INCREASES
15. OPTION TO LAYAWAY MULTIPLE EMERGING MARKET CURRENCIES
16. CAN EXCHANGE IMMEDIATLEY
17. CUSTOM IQD TRANSPORT OPTIONS AVAILABLE
18. MANY OFFER SAME DAY FAST IMMEDIATE CASH OPTIONS
19. SOME OFFER RATE LOCK OPTIONS
20. NO BROKER HAS DISCUSSED AN NDA
21. NO BROKER HAS DISCUSSED EXCHANGE LIMITS
22. 1-800 NUMBERS NOT REQUIRED
23. YOU CAN LOCK YOUR RATE IN
DISADVANTAGES
1. IQD DEALERS ARE NOT BANKS
2. BANK PACKAGES & PERKS WILL NOT BE AVAILABLE WITH IQD
DEALERS
3. INCREASED WAIT TIME AT EXCHANGE
4. INCREASED WAIT TIME FOR APPOINTMENTS
5. BANKS WILL HAVE MORE PRODUCTS & SERVICES AVAILABLE
6. LESS ROOM TO NEGOTIATE EXCHANGE RATE
7. RATES MAY NOT BE AS HIGH AS BANKS
8. INCREASED WAIT TIME TO RECEIVE PHYSICAL IQD
9. INCREASED WAIT TIME FOR PHONE TRANSACTIONS
10. LIMITED STAFFING
12. CAN NOT GET MULTIPLE CHECKS AT EXCHANGE FOR DEBTS &
PURCHASES
13. LIMITED NATIONWIDE LOCATIONS FOR PHYSICAL IQD PICK UP
14. INSURANCE LIMITATIONS WITH MAIL SHIPMENTS
15. NO FINANCIAL ADVICE
16. BANK ACCOUNTS CAN NOT BE SET UP
17. WILL BE MORE DIFFICULT TO STRUCTURE GROUP EXCHANGE
PACKAGES
18. PICK UP SECURITY RISKS
19. LIMITED CUSTOMER SERVICE
20. HIGH RATES MAY NOT BE AVAILABLE
Pasted from
FINAL RECAP # 5: RECAP: 13 CRITICAL CONCERNS ABOUT THE NDA &
CONTRACT RATE
Tuesday, March 25, 2014
10:02 PM1. YOUR PAYOUTS MAY BE STRUCTURED LIKE AN ANNUITY OVER
10-20 YEARS
2. YOU LOSE 100% CONTROL OF YOUR MONEY
3. VIOLATION OF THE NDA COULD CAUSE ACCOUNTS TO BE FROZEN
4. THE NDA MAY CONVERT YOUR EXCHANGE TO AN INVESTMENT DUE TO THE
FACT THAT IT WILL BE A CONTRACTED RATE AND MAY INCREASE YOUR INCOME
TAXES
5. YOU MAY BE REQUIRED TO LEAVE FUNDS AT THE BANKING
INSTITUTION
6. THE BANK COULD BE AUTHORIZED AND HAVE THE RIGHT TO CONTROL
YOUR FUNDS
7. AT DIFFERENT TIERS YOU MAY SWITCH TO BEING A SHAREHOLDER IN
THE BANK AND IF THE BANK LOSES MONEY YOU MAY LOSE MONEY
8. YOU MAY BE REQUIRED TO SIGN THE NDA BEFORE THEY TELL YOU WHAT
THE RATE IS
9. THE NDA COULD HAVE A CLAWBACK CLAUSE STRUCTURED INSIDE OF
IT
10 YOU BECOME AN INVESTOR IN THE BANK AS YOU AUTHORIZE THEM TO
UTILIZE YOUR MONEY
11. THE N.D.A. TERM CAN HAVE SET TIME LIMITS ( 5 YEARS, 10
YEARS, 15 YEARS, 20 YEARS)
12. YOUR TAX STRUCTURES WILL CHANGE
13. YOU MAY NOT NET WHAT YOU INITIALLY THOUGHT YOU WOULD NET
THESE ARE JUST A FEW OF THE POSSIBILITIES
Pasted from
FINAL RECAP #4 (CAN YOU ANSWER THESE QUESTIONS BASED ON YOUR
EXCHANGE PLAN & STRATEGY?)
Tuesday, March 25, 2014
10:08 PM
1. HAVE I FIGURED OUT HOW I WILL PAY FOR RESERVES?
2. HOW WILL I COORDINATE RECEIVING RESERVES WITH AN APPOINTMENT
LOGISTICALLY?
3. IF I AM USING BRINKS OR DUNBAR, HAVE I CONTACTED THEM FOR
PRICING (PICK UP/DELIVERY)?
4. HAVE I CHECKED THE INSURANCE COVERAGE MINIMUM & MAXIMUM
FOR PACKAGE DELIVERY?
5. IF I AM USING BRINKS OR DUNBAR "DEALER TO BANK" HAVE I LET MY
PERSONAL BANKER KNOW?
6. DO I HAVE A PERSONAL BANKER OR BANK THAT WILL RECEIVE MY
IQD/DONG RESERVE?
7. AT WHAT POINT WILL IT BE SMART FOR ME TO CALL THE 1-888
NUMBER?
8. DO I HAVE A RETAIL BUSINESS LOCATION I CAN USE TO HAVE BRINKS
OR DUNBAR DELIVER TO?
9. IS MY DAY OF REVALUATION ACTION PLAN IN PLACE & IN
WRITING?
10. DO I HAVE A LIST OF CERTIFIED CHECKS (BILLS,DEBTS,NEW
PURCHASES) PREPARED WHEN I EXCHANGE?
11. HOW MANY PEOPLE KNOW I AM COMING INTO WEALTH & THIS
INVESTMENT?
12. HOW LONG WILL I KEEP REVALUED IQD/VND POST RV IN MY
HOME?
13. HAVE I TALKED WITH MY IQD DEALER AND DISCUSSED HOW THE
BUY/SELL ARRANGEMENT WORKS?
14. HAVE I DISCUSSED HOW THE SHIPPING PROCESS WITH WORK WITH MY
IQD DEALER?
15. WHAT IS THE MOST IMPORTANT THING I NEED TO DO THE DAY OF
REVALUATION?
16. IF I PLAN ON RECEIVING A BANK WIRE, DO I UNDERSTAND THE
RISKS OF WIRES BEING DELAYED OR HELD UP?
17. HAVE I REVIEWED MY THINGS TO DO LIST AND ACTION PLAN?
18. HAVE I IDENTIFIED OTHER BANK OPTIONS?
19. SHOULD I TAKE MY ATTORNEY OR ACCOUNTANT TO THE EXCHANGE
APPOINTMENT?
20. IF I PLAN ON PICKING IQD UP, DO I HAVE A SOLID SECURITY PLAN
IN PLACE FOR SAFETY & PROTECTION?
21. HAVE I DISCUSSED WITH THE IQD DEALER HOW LONG IT MAY TAKE
FOR ME TO RECEIVE RESERVES AT REVALUATION?
22. DO I HAVE A 30 DAY EXCHANGE PLAN IN PLACE?
23. HOW WILL I PAY RESERVES OFF?
24. IS MY TRAVEL PLAN ALREADY IN PLACE IF I HAVE TO TRAVEL TO
EXCHANGE?
25. AM I PREPARED AND READY?
26. WHAT STRATEGY WILL I USE TO SHOP BANKS FOR THE BEST
DEAL?
27. WILL I NEED TO TAKE A PERSON WITH ME TO REVIEW ALL THE
DOCUMENTS THAT WILL BE SIGNED?
28. DO I UNDERSTAND THE DIFFERENT TYPES OF BANK ACCOUNTS THAT
WILL BE AVAILABLE?
Pasted from
FINAL RECAP # 3 (POTENTIAL QUESTIONS TO ASK AT YOUR EXCHANGE
APPOINTMENT)
Tuesday, March 25, 2014
10:19 PM
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. CAN YOU ASSIST ME WITH RESERVES?
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?
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. CAN I DEPOSIT AND YOU PROVIDE ME AN SKR OR GFR AND
HOW DOES THAT WORK?
FOR SOME OF THE CURRENCY I MAY NOT EXCHANGE?
52. AM I EXCHANGING INTO FEDERAL RESERVE NOTES?
COMMENTS:
1. PLEASE FLAG THIS ACCOUNT FOR IT TO NOT BE IN TEST &
PRODUCTION.
2. WITH MY I NEED TO BE SURE ALL TRADES MUST BE AUTHORIZED BY
ME.
Pasted from
FINAL RECAP #2 (QUESTIONS TO ASK YOUR CURRENCY DEALER)
Tuesday, March 25, 2014
10:23 PM28 CRITICAL QUESTIONS TO ASK YOUR CURRENCY DEALER/BROKER
IMMEDIALTELY....
MANY ARE SAYING THE IQD DEALERS WHO ARE LICENSED BY THE UNITED
STATES TREASURY DEPARTMENT, AND REGISTERED WITH FINCEN MAY NOT BE
ABLE TO COVER RESERVES AND LAYAWAYS DUE TO LIQUIDITY ISSUES, AND
POLICIES AND PROCEDURES MAY CHANGE ONCE THE RATES GO LIVE, AND MANY
PURCHASES MAY BE REFUNDED DUE TO OVER EXTENSION OF SALES BY
DEALERS, AND DEALERS PLACING OPTIONS ON OPTIONS WITH LAYAWAYS AND
RESERVES AND NOT HAVING ACCESS TO THE PHYSICAL CURRENCY OR CAPITAL
TO COVER THE RESERVES AND LAYAWAYS.
NOTE: CONTACT YOUR IQD DEALER AND MAKE SURE THEY CAN COVER AND
HONOR RESERVES AND LAYAWAYS AND WILL NOT CHANGE THE POLICY ONCE THE
RATES GO LIVE......................
QUESTIONS TO ASK YOUR DEALERS:
1. CAN YOU COVER RESERVES & LAYAWAYS?
2. IS YOUR FIRM LIQUID TO COVER THE CURRENCY ON
RESERVE/LAYAWAY?
3. IS YOUR FIRM COVERING THE RESERVE/LAYAWAY BASED ON
CREDIT?
4. DOES YOUR COMPANY HAVE THE PHYSICAL CURRENCY ON HAND IF I
WANT THE CURRENCY ONCE THE RATES GO LIVE?
5. HOW LONG WILL IT TAKE YOU TO GET THE PHYSICAL CURRENCY ONCE
THE RATES GO LIVE AND CURRENCY PRICES CHANGE?
6. WHAT WILL THE TURN AROUND TIME BE ON PHYSICAL CURRENCY
DELIVERY?
7. CAN I PICK UP THE CURRENCY FROM YOUR COMPANY?
8. IN THE EVENT YOUR FIRM CAN NOT HONOR RESERVES WHAT IS THE
CONTINGENCY PLAN?
9. WHERE DOES YOUR FIRM GET THE PHYSICAL CURRENCY FROM?
10. WHAT IS YOUR SHIPPING/INSURANCE CRITERIA FOR REVALUED
CURRENCY?
11. WILL YOUR FIRM HAVE MULTIPLE LOCATIONS FOR PICK UP AND
EXCHANGE?
12. WHAT IS THE WIRING PROCESS WITH YOUR FIRM AND HOW WILL THAT
WORK?
13. IF CERTIFIED CHECKS ARE NEEDED HOW WILL THAT PROCESS
WORK?
14. WHAT BANKING INSTITUTION WILL YOU BE DOING WIRES WITH?
15. HOW DOES THE ONLINE BUY SELL PROCESS WORK?
16. IS YOUR FIRM STAFFED TO HANDLE VOLUME AT EXCHANGE?
17. DOES YOUR FIRM HAVE CREDIT TO COVER RESERVES?
18. WHAT WILL YOUR OPERATIONAL HOURS BE AT EXCHANGE?
19. DOES YOUR FIRM WORK WITH MULTIPLE BANKS?
20. CAN YOUR FIRM DO LEDGER TRANSFERS?
21. IF YOUR STAFF IN PLACE TO HANDLE CALL VOLUME?
22. HOW WILL THE PROCESS WORK ONCE THE RATES CHANGE AND YOUR
FIRM DOES NOT HAVE THE PHYSICAL CURRENCY IN HOUSE TO COVER PHYSICAL
CURRENCY PURCHASES?
23. EXPLAIN HOW THE LAYAWAY OPTION ON AN OPTION FOR CURRENCY
WORKS AND WHO DO YOU PURCHASE YOUR CURRENCY FROM?
24. IN THE EVENT YOUR SUPPLIER CAN NOT DELIVER THE CURRENCY ONCE
RATE CHANGES WHAT IS YOUR CONTINGENCY PLAN?
25. CAN YOU EXPLAIN YOUR POLICIES AND PROCEDURES IN DETAIL?
26. WHERE CAN I CHECK YOUR FIRMS CREDIT RATING?
27. DO I HAVE ANYTHING TO WORRY ABOUT WITH RESERVES &
LAYAWAYS WITH YOUR COMPANY?
28. MANY DEALERS HAVE GONE OUT OF BUSINESS AND STOPPED RESERVES
AND LAYAWAYS.
HOW DID YOUR FIRM AVOID THAT PROBLEM?
Pasted from
FINAL RECAP #1 (53 TIPS)
Tuesday, March 25, 2014
10:27 PM
1. LEVERAGE MULTIPLE BANKS
2. UNDERSTAND BANKS WORK FOR YOU
3. UNDERSTAND (ROI)-RETURN ON INVESTMENT IS ALL THAT MATTERS
4. UTILIZE MULTIPLE CURRENCY ACCOUNTS & MULTI CURRENCY
ACCOUNTS
TO HEDGE FOR USD "DEVALUATION"
5. HAVE YOUR TIMED EXCHANGE PLAN READY
6. UNDERSTAND WHICH CURRENCIES HAVE NO RESTRICTIONS
7. UNDERSTAND THE BAIT & SWITCH & TRAPS
8. THINK LIKE A HEDGE FUND OWNER & WIN AS RATE GOES UP &
DOWN
ON CURRENCIES]
9. DIVERSIFY INTO OTHER STABLE CURRENCIES, EMERGING MARKETS
AND BRICS NATIONS EXITING THE USD
10. USE THE NDA TO YOUR ADVANTAGE AND MAKE IT WORK FOR YOU
AND NOT YOU WORK FOR IT
11. UNDERSTAND THAT YOU HAVE OPTIONS
12. BE SMART
13. EVALUATE ALL OPTIONS
14. DO NOT LET GREED AND PROFIT MAKE YOU THINK YOU ARE
LOSING
15. UNDERSTAND YOU CAN WALK OUT OF APPOINTMENT AND GO TO THE
NEXT BANKS
16. READ ALL PAPERWORK (TAKE PERSON WITH YOU TO EXCHANGE IF
NEEDED)
17. UNDERSTAND YOU CAN WIN "BIG TIME" AND USE THE TRICKS, TRAPS,
MISDIRECTIONS,
HURDLES, OBSTACLES, AND BAIT & SWITCH TO YOUR ADVANTAGE
18. DO NOT MAKE DECISIONS BASED ON YOUR FINANCIAL SITUATION
19. UNDERSTAND THERE ARE WEALTH MANAGEMENT AND ASSET PROTECTION
STRATEGIES
AVAILABLE
20. UNDERSTAND THIS IS A "GAME"
21. DO NOT MAKE DECISIONS BASED ON EMOTIONS
22. MAKE SURE YOU INTERVIEW THE BANKS AND DO NOT LET THEM
INTERVIEW YOU
23. GET A FINANCIAL ADVISORY TEAM IN PLACE
24. GET A TAX ATTORNEY/ACCOUNTING FIRM IN PLACE AND PAY FOR AN
"OPINION"
25. USE THE RESERVES TO YOUR ADVANTAGE
26. UNDERSTAND TIMING IS CRITICAL
27. FOLLOW YOUR PLAN AND TRAPS DO NOT MATTER
28. GET NEW EMAIL ADDRESSES
29. UNDERSTAND DANGERS OF ONLINE BANKING
30. UNDERSTAND THE STRUCTURE TO WIN AND KEEP CONTROL
NOTE: YOU NEVER GIVE ADVISORS 100% AUTHORIZATION TO USE
FUNDS
WITHOUT PERMISSION IN WRITING...................
31. USE TIME AS YOUR FRIEND
32. FOLLOW YOUR PLAN YOU HAVE IN WRITING
33. ASK BANKS & WEALTH MANAGERS QUESTIONS
34. DO NOT MAKE FAST DECISIONS
35. KEEP YOUR BUSINESS PRIVATE AND CONFIDENTIAL
36. UNDERSTAND DANGERS & RISKS OF DOING BUSINESS WITH FAMILY
AND FRIENDS
37. CONTROL EVERYTHING AND OWN NOTHING (IN YOUR NAME)
38. UNDERSTAND FINANCIAL ADVISORS AT BANKS WORK FOR BANKS
39. UNDERSTAND INDEPENDENT ADVISORS WORK FOR YOU
40. ALWAYS GET OTHERS TO REVIEW INVESTMENTS YOU MAKE
41, UNDERSTAND THE SHARKS & CROOKS WANT YOUR MONEY
42. UNDERSTAND THE NUMBERS HAVE BEEN CALCULATED THAT YOU
WILL LOSE ALL OF YOUR MONEY IN 2-3 YEARS
43. HELP OTHERS PRIVATELY
44. LET YOUR SPIRITUAL & BELIEF SYSTEM GUIDE YOU IN
CONJUNCTION WITH PROFESSIONALS
45. BLESS AND HELP THE LESS FORTUNATE
46. CHANGE YOUR SOCIAL CIRCLE
47. UNDERSTAND PEOPLE YOU HAVE MET ONLINE YOU DO NOT KNOW
48. GET PRIVATE COMPUTER FOR BANKING
49. UNDERSTAND THE MINDSET OF A SUCCESSFUL INVESTOR
50. UNDERSTAND THIS IS A WIN WIN IF YOU ARE SMART
51. UNDERSTAND THE RESERVES AND LAYAWAYS & BROKERS AND USE
TO YOUR ADVANTAGE
52. DO NOT GET CAUGHT UP IN THE HYPE OF THE HIGH RATES, AND HIGH
RATES DROPPING
53. LEVERAGE MULTIPLE CURRENCY EXCHANGE RATES IN YOUR LEVERAGED
EXCHANGE PLAN
Pasted from
4 QUESTIONS FOR THE EVENING
Tuesday, March 25, 2014
10:32 PM1. WHO ALLOWED AND AUTHORIZED U.S.A. BANKS TO DO SKR'S
WITH AN ILLEGAL NON INTERNATIONALLY TRADEABLE & REGISTERED
CURRENCY?
2. WHO ALLOWED U.S.A. BANKS TO ISSUE LOANS AND LINES OF CREDIT
ON SKR'S WITH A NON REGISTERED, NON INTERNATIONALLY TRADEABLE
CURRENCY?
3. WHAT ARE U.S.A. BANKS DOING WITH THE TRILLIONS IN CURRENCY
THEY HOLD?
4. ARE THESE TRANSACTIONS LEGAL OR ILLEGAL? WHAT DO YOU
BELIEVE?????
Pasted from
Tuesday, March 25, 2014
10:34 PM
Global Currency Reset - Revaluation (RV)
Tuesday, March 25, 2014
10:34 PMGlobal Currency Reset (GRC)
The idea of a GCR is to prevent a complete collapse of the whole
banking industry, worldwide. For some time now, China has been
buying up the Federal Reserve. The Federal Reserve is the largest
holder of US debt, $2.1Trillion. China is the 2nd largest holder of
US debt, $1.Trillion. The US Dollar will have 1 rate in the USA use
and another rate outside of the USA use. The BIS, IMF and World
Bank have been gearing up for the complicated Global Currency
Reset. The GCR will bring a downward valuation in the market of the
US dollar after the initial onset.
What are Global Currency Certificates?
*Global Currency Certificate* (GCC's) are literally money backed
by the gold standard. The GCC's were first used by the United
States beginning from the Civil War until 1933; when they were
removed from the Gold Standard and replaced with Global Silver
Certificates, and later by Federal Reserve notes.
How to Trade in the Global Currency Markets
Forex trading continues to grow in popularity with investors.
Currency trading is now accessible to individuals, through online
retail currency trading firms. The Forex market has historically
provided investment banks, corporations and central banks the
ability to hedge their currencies against price fluctuations.
Speculators, including hedge funds and other professional
investors, also trade in the Forex market. Currency trading employs
highly leveraged transactions. The use of leverage may not be
suitable for all investors. This type of currency trading
transactions you should discuss with your financial advisor,
because this is based on high finance speculations.
How to Trade Global Currency
Global currency trading is the process of trading one type of
currency for a different type of denomination.
Pasted from
HOW DEEP DOES THIS CURRENCY INVESTMENT GO IN HISTORY
(BABYLON/IRAQ)
Tuesday, March 25, 2014
10:36 PM
THE MANY NAMES OF GOD
Miscellaneous Documents"Give thanks to Yahweh, call on his
name..." Psalms 105:1aIn the Bible there are many different names
given to the One True God. The most frequently used names are YHWH,
usually rendered as Yahweh (ca. 6,800 times); Elohim (ca. 2,600
times); Adonai (ca. 439 times); and El (ca. 238 times). Most of the
other names are combinations of these names like El Shaddai, El
Eloah, and Yahweh Elohim. The most commonly used names for God in
the Hebrew and Protestant Bibles are Ha-Shem (meaning "the name"
which is used in the modern Jewish Masoretic Text translations of
the Tanach) and Jehovah (used in both Protestant and Jewish
translations). Both are names for God that only date back to the
Middle Ages and are not found in the ancient texts of Sacred
Scripture.
ADONAI: The word adon, in Hebrew, is translated "lord." God's
name as Adonai is a form of the word "adon" with an "ai" ending.
Adonai is used about 439 times in the Bible and can be translated
either as "Lord" or as "my Lord". Biblical scholars and linguists,
however, cannot agree as to the meaning of the "ai" suffix that has
been added to the Hebrew word for "lord" (adon). Some scholars have
suggested it indicates a plural of majesty. In most English
translations this word is rendered as "Lord" with the first letter
capitalized and the other letters lower case. Those translations
that have the word "Lord" in all capital letters, "LORD", are
instead indicating God's covenant name YHWH (usually rendered
"Yahweh").
The use of all capital letters denotes the difference between
the use of Adonai and Yahweh. (Only the NRSV translation confuses
the issue by rendering Adonai as both "Lord" and "LORD").
EL and ELOHIM: The word El is used for God about 238 times while
Elohim is used about 2,600 times. In the Bible Elohim has two
distinct meanings. First it is a plural form (-im and -ot are the
standard Hebrew plural endings) of the word "god" in the Hebrew and
the Canaanite languages which is rendered "el" in the singular
(when the word "el" is used for the One True God it is always
capitalized = "El").
An example of the first meaning used in the plural form can be
found in Deuteronomy 5:7: You shall have not other false gods
[elohim] before me. But the most common use of Elohim is its second
distinct meaning when it is used as a personal name for God or when
referring to God as the true God among false gods. Thus it is used
in Genesis 1:1: In the beginning Elohim created the heavens and the
earth ..., and also in Joshua 24:19: You cannot worship Yahweh for
He is a holy god [elohim].... There is no explanation why the
plural form is used for the One True God (as it is in Genesis 1:1).
However, scholars from the times of the Fathers of the Church have
suggested that the plural form suggests the mystery of the Trinity
which was hidden in the Old Testament to be revealed in the
New.
YHWH: The four Hebrew consonants that comprise YHWH are given in
Scripture as God's holy Covenant name, and it is this form of His
name that is the most frequently used in the Bible (about 6,800
times). These four Hebrew characters, YHWH = yad, hay, vav (v in
Hebrew can also be rendered w in English), and hay have been called
the "Tetragrammaton" or "tetragram", meaning "the four letter
word."
Biblical scholars do not know how YHWH was originally pronounced
because its original pronunciation, which was part of the sacred
Oral Tradition of the Jews, was lost when the Temple in Jerusalem
was destroyed in 70AD. Throughout history, God's Old Covenant
people treated God's name with great reverence, declaring it too
holy to be spoken aloud. Speaking God's divine covenant name was
restricted to the priests worshipping in God's Temple in Jerusalem,
and so with the destruction of the Temple His holy covenant name
was no longer spoken and the correct pronunciation of the name was
lost.
The rendering of YHWH as "Yahweh" is a modern conjecture (first
suggested in the 16th century by biblical scholar Gilbert
Genebrard, professor of Hebrew at the College Royal in Paris) but
which has been accepted by biblical scholars today as the most
likely rendering. You will find this rendering in the Catholic New
Jerusalem Bible translation. In other translations, following what
became the Jewish custom, YHWH is rendered as LORD (for example in
the Catholic Revised Standard and New American Bible translations
as well as in most Protestant Bible translations).
This became a custom from the time of the 3rd century BC when
the ancient Jewish scholars translated the Hebrew Bible (Old
Testament) into the Greek translation known as the Septuagint. They
replaced the Sacred Name YHWH with "ho Kyrios" or "the Lord." In
the modern Jewish Tanach YHWH is rendered as Hashem (or ha-Shem,
meaning in Hebrew, "the name") or as Adoshem, which is a
contraction of Adonai and ha-Shem.
But what does the Tetragrammaton YHWH mean? Biblical scholars
have been arguing about the meaning of YHWH for centuries. Since
biblical names generally have a discernible meaning, scholars have
believed that YHWH can be reasonably translated. Based on etymology
and context most scholars have agreed that YHWH is an archaic form
of the verb "to be" (in Hebrew hawah) and should be translated "I
am who I am or I will be who I will be."
This meaning contextually fits the passages in Exodus 3:13-15a:
Moses then said to God [Elohim], 'Look, if I go to the Israelites
and say to me, "What is his name?" what am I to tell them?' God
[Elohim] said to Moses, 'I am [YHWH] he who is.' And he said, 'This
is what you are to say to the Israelites I am [YHWH] has sent me to
you...', which agrees with Exodus 3:6: I am the God of your
ancestors ..., and Jesus' "I AM" statements in the fourth Gospel
i.e.: In all truth I tell you, before Abraham ever was, I AM (John
8:58).
JEHOVAH:
The Biblical reference to God as Yehova (Jehova), spelled out
with Hebrew characters, first appeared in c. 800AD. At that time
Jewish scholars (called the Masorites) translated the Greek
translation of the (Old Testament) Bible back into Hebrew and added
vowel points to the Hebrew language, which had originally only been
written with consonants.
Since that time, Hebrew Bible manuscripts have inserted the
vowels from the Hebrew word "Adonai" (Lord) within the
Tetragrammaton ("the four letters), YHWH, as a reminder that
readers should say "Adonai" instead of the sacred name which Jews
believe must not be spoken. The pronunciation of "Jehovah" was
unknown until 1520 AD when a biblical scholar named Galatians
introduced it. This pronunciation was contested by other scholars
as being against grammatical and historical propriety.
However, when Protestant scholars began their vernacular
translations (into their common languages) of the Old Testament
using the Jewish Masoretic translations, they also mixed the four
consonants of YHWH (JHWH in German) with the vowels of Adonai in
the mistaken belief that this was the correct pronunciation of the
Sacred Name, and from then on, YHWH appeared in Protestant Biblical
texts as "Jehovah".
This rendering is most frequently used in the King James Version
translations as in, Let them be put to shame, and perish: That men
may know that thou, whose name alone is Jehovah, art the most high
over all the earth (Psalms 83:18). Modern scholars do not recognize
this form as a legitimate name for the Hebrew God and dismiss it as
a misreading or mispronunciation.
Names for God found in Sacred Scripture and some of the passages
in which these names are found:
All Scripture quotations are from the New Jerusalem Bible (NJB)
unless otherwise noted as from the New American Bible (NAB).
Elohim = "God" (plural) as in the Creator: In the beginning God
(Elohim) created the heaven and the earth (Genesis 1:1).
El Elyon = "God (singular) Most High": And Melchizedek king of
Salem brought out bread and wine; now he was a priest of [El Elyon]
God the Most High. And He blessed him and said, ''blessed be Abram
of God Most High, possessor of heaven and earth; and blessed be God
Most High, who has delivered your enemies into your hand(Genesis
14:18-20).
El Roi = "God Who Sees": Then she called the name of the LORD
who spoke to her, 'You are a [El Roi] God who sees'; for she said,
'Have I even remained alive here after seeing Him?' Therefore the
well was called Beer-lahai-roi [well of the living one who sees me]
(Genesis 16:13-14).
El Shaddai = "God Almighty" or "God the All-Sufficient One"; the
entomology is so ancient that Biblical scholars do not agree on the
meaning of this name: I AM El Shaddai. Live in my presence, be
perfect, and I shall grant a covenant between myself and you, and
make you very numerous. And Abram bowed to the ground (Genesis
17:2-3).
Yahweh = found in Scripture as the consonants YHWH, known as the
"Tetragramaton" is God's holy Covenant name. The letters form a
word or words from the verb "to be" and most scholars translate it
as "I AM who I AM" or "I will be who I will be", or "the
Self-Existent One: Moses said to God, 'Look, if I go to the
Israelites and say to them, The God of your ancestors has sent me
to you, and they say to me, 'What is His name?' what am I to tell
them?' God said to Moses, 'I AM He who is. Tell them that I AM who
I am sent you (Exodus 3:13-14).
Adonai = "Lord" (Note: LORD, all in capital letters is a
substitution out of reverence for God's covenant name "Yahweh"):
Then Moses said to the LORD, 'Please Lord, I have never been
eloquent, neither recently nor in time past, nor since you have
spoken to your servant; for I am slow of speech and slow of tongue.
And the LORD said to him, 'Who has made men's mouth? Or who make
him dumb or deaf, or seeing or blind? Is it not I, the LORD?'
(Exodus 4:10-12, NAB).
Yahweh-jireh = "Yahweh will provide" or "I AM will provide": But
the angel of the LORD called to him from heaven and said, 'Abraham,
Abraham!' And he said, 'Here I am.' And he said, 'Do not stretch
out your hand against the lad, and do nothing to him; for now I
know that you fear God, since you have not withheld your son, your
only son, form Me.' Then Abraham raised his eyes and looked, and
behind him he saw a ram caught up in the thicket by his horns; and
Abraham went and took the ram, and offered him up for a burnt
offering in the place of his son. And Abraham called the name of
that place [Yahweh jireh] The LORD will provide, as it is said to
this day: On the Mountain Yahweh provides (Genesis 22:11-14).
Yahweh-rapha = "Yahweh who heals": If you will give earnest heed
to the voice of Yahweh your God and do what He regards as right, if
you pay attention to His commandments and keep all His laws, I
shall never inflict on you any of the diseases that I inflicted on
the Egyptians, for I am Yahweh your Healer [Yahweh rapha] (Exodus
15:26).
Yahwehnissi = "Yahweh My Banner": (after willing a battle with
God's assistance ) Moses built an altar, and named it Yahweh is My
Banner [Yahweh-nissi] ...(Exodus 17:16).
Yahweh-mekoddishkem = "Yahweh Who Sanctifies You": And Yahweh
spoke to Moses, saying, 'But as for you, speak to the sons of
Israel, saying, "You shall surely observe My Sabbaths; for this is
a sign between Me and you throughout your generations, that you may
know that I am Yahweh who sanctifies you
[Yahweh-mekoddishkem]...(Exodus 31:12).
Yahweh-shalom = "Yahweh is Peace": He said, 'Alas, my Lord,
Yahweh! Now I have seen the Angel of Yahweh face to face ' Yahweh
answered, 'Peace be with you; have no fear; you will not die.'
Gideon built an altar there to Yahweh and called it Yahweh is peace
[Yahweh-shalom] (Judges 6:22-24).
Yahweh-sabaoth = "Yahweh of Hosts" (the "hosts" are the army of
angels who serve God): Who is He, this king of glory? Yahweh of
Hosts [Yahweh-saboath], He is the king of glory (Psalm 46:7, NJB);
The LORD of Hosts [Yahweh-sabaoth] is with us; the God of Jacob is
our stronghold (Psalms 22:10, NAB).
Yahweh-raah = "Yahweh My Shepherd": The LORD [Yahweh raah] is my
shepherd; I shall not want ...(Psalms 23:1, NAB).
Yahweh-tsidkenu = "Yahweh Our Saving Justice": Look, the days
are coming, Yahweh declares, when I shall rise an upright Branch
for David; He will reign as king and be wise, doing what is just
and upright in the country. In his days Judah will triumph and
Israel live in safety, and this is the name He will be called
Yahweh-our-saving-justice [Yahweh-tsidkenu] (Jeremiah 23:5-6).
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ADVANCED BANKING QUESTION #3
Tuesday, March 25, 2014
11:45 PMADVANCED BANKING QUESTION # 1
IF YOU HAVE PHYSICAL CURRENCY IN A MULTI CURRENCY ACCOUNT OR A
MULTIPLE CURRENCY ACCOUNT, WHEN YOU TAKE FUNDS FROM THE ACCOUNT
USING A DEBIT CARD AND CONVERT TO USD, ITS THAT CLASSIFIED AS A
CAPITAL GAIN TAXABLE EVENT, AN EXCHANGE, OR A CONVERSION?
ADVANCED BANKING QUESTION # 2
WHAT ARE THE ADVANTAGES OF A MULTI CURRENCY ACCOUNT AND A
MULTIPLE CURRENCY ACCOUNT AND WHAT DO THESE ACCOUNTS DO?
ADVANCED BANKING QUESTION #3
WE ALL UNDERSTAND THAT SOME OF THE CURRENCIES WE HOLD ARE JUST
LIKE HOLDING PHYSICAL GOLD
HERE IS THE QUESTION
AT EXCHANGE HOW DO YOU STRUCTURE YOUR PERSONAL GOLD VAULT?
A. EXCHANGE SOME OF THE CURRENCY AND PLACE THE REMAINING
CURRENCY INTO A MULTI CURRENCY ACCOUNT.
B. EXCHANGE SOME OF THE CURRENCY AND PLACE THE REMAINING
CURRENCY INTO A MULTIPLE CURRENCY ACCOUNT
C. EXCHANGE SOME OF THE CURRENCY AND PLACE THE REMAINING
CURRENCY INTO A NON INTEREST BEARING ACCOUNT
D. UTILIZE ARBITRAGE WITH AN MCA ACCOUNT AND ONLY EXCHANGE AND
CONVERT AS NEEDED & KEEP YOUR GOLD
E. LEVERAGE YOUR EXCHANGE WITH AN MCA ACCOUNT AND DIVERSIFY TO
M.I.N.T & B.R.I.C.S. CURRENCIES
F. DO NOT EXCHANGE AND LEVERAGE THE CURRENCY IN YOUR MCA ACCOUNT
INTO OTHER BANK INSTRUMENTS (LOC'S, VOD'S, SBLC'S, LOC'S, ETC) AND
LET THE VALUE RISE ON THE GOLD YOU HOLD
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RECAP: 54 EXCHANGE TIPS & STRATEGIES YOU MAY NOT KNOW!!
Tuesday, March 25, 2014
11:47 PM
1. LEVERAGE MULTIPLE BANKS
2. UNDERSTAND BANKS WORK FOR YOU
3. UNDERSTAND (ROI)-RETURN ON INVESTMENT IS ALL THAT MATTERS
4. UTILIZE MULTIPLE CURRENCY ACCOUNTS & MULTI CURRENCY
ACCOUNTS TO HEDGE FOR USD DEVALUATION
5. HAVE YOUR TIMED EXCHANGE PLAN READY
6. UNDERSTAND WHICH CURRENCIES HAVE NO RESTRICTIONS
7. UNDERSTAND THE BAIT & SWITCH & TRAPS
8. THINK LIKE A HEDGE FUND OWNER & WIN AS RATE GOES UP &
DOWN ON CURRENCIES]
9. DIVERSIFY INTO OTHER STABLE CURRENCIES, EMERGING MARKETS,
MINT AND BRICS NATIONS EXITING THE USD
10. USE THE NDA TO YOUR ADVANTAGE AND MAKE IT WORK FOR YOU AND
NOT YOU WORK FOR IT (IF APPLICABLE)
11. UNDERSTAND THAT YOU HAVE OPTIONS
12. BE SMART
13. EVALUATE ALL OPTIONS
14. DO NOT LET GREED AND PROFIT MAKE YOU THINK YOU ARE
LOSING
15. UNDERSTAND YOU CAN WALK OUT OF APPOINTMENT AND GO TO THE
NEXT BANKS
16. READ ALL PAPERWORK (TAKE PERSON WITH YOU TO EXCHANGE IF
NEEDED)
17. UNDERSTAND YOU CAN WIN BIG TIME AND USE THE TRICKS, TRAPS,
MISDIRECTIONS, HURDLES, OBSTACLES, AND BAIT & SWITCH TO YOUR
ADVANTAGE
18. DO NOT MAKE DECISIONS BASED ON YOUR FINANCIAL SITUATION
19. UNDERSTAND THERE ARE WEALTH MANAGEMENT AND ASSET PROTECTION
STRATEGIES AVAILABLE
20. UNDERSTAND THIS IS A GAME
21. DO NOT MAKE DECISIONS BASED ON EMOTIONS
22. MAKE SURE YOU INTERVIEW THE BANKS AND DO NOT LET THEM
INTERVIEW YOU
23. GET A FINANCIAL ADVISORY TEAM IN PLACE
24. GET A TAX ATTORNEY/ACCOUNTING FIRM IN PLACE AND PAY FOR AN
OPINION
25. USE THE RESERVES TO YOUR ADVANTAGE
26. UNDERSTAND TIMING IS CRITICAL
27. FOLLOW YOUR PLAN AND TRAPS DO NOT MATTER
28. GET NEW EMAIL ADDRESSES
29. UNDERSTAND DANGERS OF ONLINE BANKING
30. UNDERSTAND THE STRUCTURE TO WIN AND KEEP CONTROL NOTE: YOU
NEVER GIVE ADVISORS 100% AUTHORIZATION TO USE FUNDS WITHOUT
PERMISSION IN WRITING...................
31. USE TIME AS YOUR FRIEND
32. FOLLOW YOUR PLAN YOU HAVE IN WRITING
33. ASK BANKS & WEALTH MANAGERS QUESTIONS
34. DO NOT MAKE FAST DECISIONS
35. KEEP YOUR BUSINESS PRIVATE AND CONFIDENTIAL
36. UNDERSTAND DANGERS & RISKS OF DOING BUSINESS WITH FAMILY
AND FRIENDS
37. CONTROL EVERYTHING AND OWN NOTHING (IN YOUR NAME)
38. UNDERSTAND FINANCIAL ADVISORS AT BANKS WORK FOR BANKS
39. UNDERSTAND INDEPENDENT ADVISORS WORK FOR YOU
40. ALWAYS GET OTHERS TO REVIEW INVESTMENTS YOU MAKE
41, UNDERSTAND THE SHARKS & CROOKS WANT YOUR MONEY
42. UNDERSTAND THE NUMBERS HAVE BEEN CALCULATED THAT YOU WILL
LOSE ALL OF YOUR MONEY IN 2-3 YEARS
43. HELP OTHERS PRIVATELY
44. LET YOUR SPIRITUAL & BELIEF SYSTEM GUIDE YOU IN
CONJUNCTION WITH PROFESSIONALS
45. BLESS AND HELP THE LESS FORTUNATE
46. CHANGE YOUR SOCIAL CIRCLE
47. UNDERSTAND PEOPLE YOU HAVE MET ONLINE YOU DO NOT KNOW
48. GET PRIVATE COMPUTER FOR BANKING
49. UNDERSTAND HOW WEALTH MANAGERS AND FINANCIAL ADVISORS
THINK
51. UNDERSTAND THE RESERVES AND LAYAWAYS & BROKERS AND USE
TO YOUR ADVANTAGE
52. DO NOT GET CAUGHT UP IN THE HYPE OF THE HIGH RATES, AND HIGH
RATES DROPPING
53. LEVERAGE MULTIPLE CURRENCY EXCHANGE RATES IN YOUR LEVERAGED
EXCHANGE PLAN
54. UNDERSTAND THE IMPORTANCE OF A THIRD PARTY NON BANK WEALTH
MANAGEMENT ENTITY
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WHAT IS IMF ARTICLE VIII & ARTICLE XIV
Wednesday, March 26, 2014
12:02 AM
IPayments Restrictions
There has been in recent years a substantial improvement in the
balance of payments and the reserve positions of a number of Fund
members which has led to important and widespread moves to the
external convertibility of many currencies. Most international
transactions are now carried on with convertible currencies, and
many countries have progressed far with the removal of restrictions
on payments. In consequence of these developments, it seems likely
that a number of members of the Fund either have reached or are
nearing a position in which they can consider the feasibility of
formally accepting the obligations of Article VIII, Sections 2, 3,
and 4.
Previous decisions taken by the Fund, such as those on multiple
currency practices, bilateral arrangements, discriminatory
restrictions maintained for balance of payments purposes, and
payments restrictions for security reasons, indicate the Funds
attitude on these matters. The present decision has been adopted as
an additional guide to members in pursuance of the purposes of the
Fund as set forth in Article I of the Articles of Agreement.
1. Article VIII provides in Sections 2 and 3 that members shall
not impose or engage in certain measures, namely restrictions on
the making of payments and transfers for current international
transactions, discriminatory currency arrangements, or multiple
currency practices, without the approval of the Fund. The guiding
principle in ascertaining whether a measure is a restriction on
payments and transfers for current transactions under Article VIII,
Section 2, is whether it involves a direct governmental limitation
on the availability or use of exchange as such. Members in doubt as
to whether any of their measures do or do not fall under Article
VIII may wish to consult the Fund thereon.
2. In accordance with Article XIV, Section 3,1 members may at
any time notify the Fund that they accept the obligations of
Article VIII, Sections 2, 3, and 4, and no longer avail themselves
of the transitional provisions of Article XIV. Before members give
notice that they are accepting the obligations of Article VIII,
Sections 2, 3, and 4, it would be desirable that, as far as
possible, they eliminate measures which would require the approval
of the Fund, and that they satisfy themselves that they are not
likely to need recourse to such measures in the foreseeable
future.
If members, for balance of payments reasons, propose to maintain
or introduce measures which require approval under Article VIII,
the Fund will grant approval only where it is satisfied that the
measures are necessary and that their use will be temporary while
the member is seeking to eliminate the need for them. As regards
measures requiring approval under Article VIII and maintained or
introduced for nonbalance of payments reasons, the Fund believes
that the use of exchange systems for nonbalance of payments reasons
should be avoided to the greatest possible extent, and is prepared
to consider with members the ways and means of achieving the
elimination of such measures as soon as possible. Members having
measures needing approval under Article VIII should find it useful
to consult with the Fund before accepting the obligations of
Article VIII, Sections 2, 3, and 4.
3. If members at any time maintain measures which are subject to
Sections 2 and 3 of Article VIII, they shall consult with the Fund
with respect to the further maintenance of such measures.
Consultations with the Fund under Article VIII are not otherwise
required or mandatory. However, the Fund is able to provide
technical facilities and advice, and to this end, or as a means of
exchanging views on monetary and financial developments, there is
great merit in periodic discussions between the Fund and its
members even though no questions arise involving action under
Article VIII. Such discussions would be planned between the Fund
and the member, including agreement on place and timing, and would
ordinarily take place at intervals of about one year.
4. Fund members which are contracting parties to the GATT and
which impose import restrictions for balance of payments reasons
will facilitate the work of the Fund by continuing to send
information concerning such restrictions to the Fund. This will
enable the Fund and the member to join in an examination of the
balance of payments situation in order to assist the Fund in its
collaboration with the GATT. The Fund, by agreement with members
which are not contracting parties to the GATT and which impose
import restrictions for balance of payments reasons, will seek to
obtain information relating to such restrictions.
Decision No. 1034-(60/27),
June 1, 1960
1 Ed. Note: Corresponds to Article XIV, Section 1 of the
Articles of Agreement after the Second Amendment.
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UPDATE ON IRAQ MONETARY REFORM & CURRENCY POLICIES IN
CONDENSED VERSION
Wednesday, March 26, 2014
12:07 AM
1. THE CBI HAS TAKEN IN TRILLIONS IN DINARS FROM ALL OF THE
BANKS
2. THE 2 LARGEST BANKS REFUSED TO TURN THEIR DINARS IN
3. THIS IS ALL TIED TO IMF ARTICLE 8 COMPLIANCE
4. UNDERSTAND DE-DOLLARIZATION AND RE-DENOMINATION IN MONETARY
POLICY
5. THE EXCHANGE RATE HAS TO ADJUST NOW
6. THIS IS TIED DIRECTLY TO IN COUNTRY MONEY SUPPLY &
FIGURES
7. THE LOWER DENOMS MUST BE RELEASED SOON
8. THE CBI IS OPERATING LIKE THE FEDERAL RESERVE BANK
9. THIS IS TIED DIRECTLY TO THE NEW OPEN MARKET POLICY TO BE
IMPLEMENTED
10. FOREIGN OBLIGATIONS CAN NO LONGER BE PAID IN USD AS OF
YESTERDAY IN IRAQ
11. THERE WILL BE A 1:1 RATIO REQUIRED AT A MINIMUM
12. BANKS IN IRAQ HAVE NO LIQUIDITY
13. IRAQ IS UP FOR ARTICLE IV REVIEW WITH THE IMF IN DAYS
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7 CRITICAL EXCHANGE TIPS FOR TODAY!!!!
Wednesday, March 26, 2014
12:09 AM
1. MAKE SURE YOU PLACE YOUR FUNDS ON THE WEALTH/TRUST SIDE OF
THE BANK
2. 1-800 NUMBERS ARE NOT REQUIRED IF YOU HAVE BANKING
RELATIONSHIPS
3. UNDERSTAND STATE CHARTERED BANKS AND HOW THEY WORK
4. HAVE AN ATTORNEY REVIEW YOUR DOCUMENTS IF NEEDED
5. HAVE YOUR FRN AND TRN STRATEGY IN PLACE BASED ON TIMING
6. DO NOT LET BANKS PUSH YOU INTO CONTRACTS YOU DO NOT
UNDERSTAND
7. THERE ARE GROUPS MISLEADING PEOPLE (RIGHT NOW) AND MAKING
FALSE REPRESENTATIONS TO STEAL YOUR CURRENCY WITH A SCAM GROUP
EXCHANGE
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THE SHADOW BANKING STEALTH MUTATION
Wednesday, March 26, 2014
12:13 AM
According to the latest study by the Financial Stability Board
(FSB) the unregulated $72 Trillion Global Shadow Banking System is
now larger than the global regulated banking system. How could an
unregulated and opaque industry, which is larger than the entire
worlds GDP operate with such little attention? Even the FSB is not
a government entity and operates under the auspices of an entity
with a highly checkered and mysterious background - The Bank of
International Settlements in Basel Switzerland.
The FSB has had only two Chairmen since its inception who were
able to see the full extent of the operations of this global
industry: Mario Draghi who is now head of the European Central Bank
(ECB) and Mark Carney who is now the Governor of the Bank of
England (BOE). Ben Bernankes wrote academically on the subject
before being quickly catapulted to the Chairmanship of the Federal
Reserve. Sounds like these are important qualifications if you are
to run the world's financial apparatus.
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RECAP: ADVANTAGES & DISADVANTAGES OF EXCHANGING WITH A
CURRENCY BROKER/DEALER
Wednesday, March 26, 2014
12:16 AM
ADVANTAGES
1. MULTIPLE PAYMENT OPTIONS TO BUY CURRENCY
2. BUY/SELL ARRANGEMENTS CAN BE EXECUTED ONLINE
3. MANY OF YOU ALREADY HOLD RESERVES WITH DEALERS & ARE
CUSTOMERS
4. YOU HAVE THE OPTION TO GET IQD & CASH OR BOTH
5. YOU CAN LIQUIDATE MULTIPLE CURRENCIES
6. MULTIPLE OFFICES WILL BE OPENED NATIONWIDE
7. YOU HAVE THE OPTION TO PICK UP YOUR IQD
8. YOU CAN LIQUIDATE A RESERVE TO PURCHASE MORE CURRENCIES
9. OPTIONS FOR METALS
10. LEVERAGE TO PURCHASE MORE CURRENCIES WITH RESERVES
11. LAYAWAY & RESERVE OPTIONS
12. OPTION TO PURCHASE EMERGING MARKET CURRENCIES
13. COMPLETE THE EXCHANGE FROM THE PRIVACY OF YOUR HOME
14. LEVERAGE RESERVES IN THE EVENT CURRENCY RATE INCREASES
15. OPTION TO LAYAWAY MULTIPLE EMERGING MARKET CURRENCIES
16. CAN EXCHANGE IMMEDIATLEY
17. CUSTOM IQD TRANSPORT OPTIONS AVAILABLE
18. MANY OFFER SAME DAY FAST IMMEDIATE CASH OPTIONS
19. SOME OFFER RATE LOCK OPTIONS
20. NO BROKER HAS DISCUSSED AN NDA
21. NO BROKER HAS DISCUSSED EXCHANGE LIMITS
22. 1-800 NUMBERS NOT REQUIRED
23. YOU CAN LOCK YOUR RATE IN
DISADVANTAGES
1. IQD DEALERS ARE NOT BANKS
2. BANK PACKAGES & PERKS WILL NOT BE AVAILABLE WITH IQD
DEALERS
3. INCREASED WAIT TIME AT EXCHANGE
4. INCREASED WAIT TIME FOR APPOINTMENTS
5. BANKS WILL HAVE MORE PRODUCTS & SERVICES AVAILABLE
6. LESS ROOM TO NEGOTIATE EXCHANGE RATE
7. RATES MAY NOT BE AS HIGH AS BANKS
8. INCREASED WAIT TIME TO RECEIVE PHYSICAL IQD
9. INCREASED WAIT TIME FOR PHONE TRANSACTIONS
10. LIMITED STAFFING
12. CAN NOT GET MULTIPLE CHECKS AT EXCHANGE FOR DEBTS &
PURCHASES
13. LIMITED NATIONWIDE LOCATIONS FOR PHYSICAL IQD PICK UP
14. INSURANCE LIMITATIONS WITH MAIL SHIPMENTS
15. NO FINANCIAL ADVICE
16. BANK ACCOUNTS CAN NOT BE SET UP
17. WILL BE MORE DIFFICULT TO STRUCTURE GROUP EXCHANGE
PACKAGES
18. PICK UP SECURITY RISKS
19. LIMITED CUSTOMER SERVICE
20. HIGH RATES MAY NOT BE AVAILABLE
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DEVALUATION PLAN AND STRATEGY IN PLACE FOR YOUR CURRENCY
EXCHANGE
Wednesday, March 26, 2014
12:21 AM
1. COUNTRIES ARE EXITING THE UNITED STATES DOLLAR
2. COUNTRIES NO LONGER WANT UNITED STATES TREASURIES
3. COUNTRIES ARE CIRCUMVENTING THE UNITED STATES DOLLAR AND
TRADING IN THEIR OWN CURRENCY
4. MORE COUNTRIES ARE DOING CURRENCY SWAPS TO EXIT THE WORTHLESS
FIAT UNITED STATES DOLLAR
5. THE UNITED STATES DOLLAR IS NOT BACKED BY ANY NATURAL
RESOURCES
6. THE UNITED STATES DOLLAR IS NO LONGER BACKED BY GOLD
7. CENTRAL BANK LIQUIDITY SWAPS HAVE INCREASED AS COUNTRIES EXIT
THE UNITED STATES DOLLAR
8. BANKS GLOBALLY ARE UPSIDE DOWN WITH TRILLIONS IN DERIVATIVES
WITH THE UNITED STATES DOLLAR
9. FRACTIONAL BANKING IS FINALLY AT THE END
10. THE BANKSTERS ARE SCRAMBLING TO PUT A LAST MINUTE PLAN
TOGETHER
11. BANKERS ARE DYING DAILY ON A GLOBAL SCALE
12. GLOBAL BANKS ARE UNDER INVESTIGATION FOR CURRENCY
MANIPULATION VIA THE FOREX PROBES
13. THE VATICAN BANK IS UNDER INVESTIGATION
14. THE PETRO DOLLAR HAS REACHED THE END OF THE GLOBAL ROAD
15. B.R.I.C.S. COUNTRIES NO LONGER WANT THE UNITED STATES
DOLLAR
16. M.I.N.T. COUNTRIES NO LONGER WANT THE UNITED STATES
DOLLAR
17. CHINA NO LONGER HAS INTEREST IN THE UNITED STATES DOLLAR
THERE IS ONLY 1 SOLUTION TO THIS GLOBAL ECONOMIC CRISIS
DO YOU HAVE YOUR CURRENCY EXCHANGE DEVALUATION PLAN IN PLACE IN
THE EVENT THE EXCHANGE TAKES PLACE INTO F.R.N'S?
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RECAP: 13 CRITICAL CONCERNS ABOUT THE NDA & CONTRACT
RATE
Wednesday, March 26, 2014
12:25 AM
1. YOUR PAYOUTS MAY BE STRUCTURED LIKE AN ANNUITY OVER 10-20
YEARS
2. YOU LOSE 100% CONTROL OF YOUR MONEY
3. VIOLATION OF THE NDA COULD CAUSE ACCOUNTS TO BE FROZEN
4. THE NDA MAY CONVERT YOUR EXCHANGE TO AN INVESTMENT DUE TO THE
FACT THAT IT WILL BE A CONTRACTED RATE AND MAY INCREASE YOUR INCOME
TAXES
5. YOU MAY BE REQUIRED TO LEAVE FUNDS AT THE BANKING
INSTITUTION
6. THE BANK COULD BE AUTHORIZED AND HAVE THE RIGHT TO CONTROL
YOUR FUNDS
7. AT DIFFERENT TIERS YOU MAY SWITCH TO BEING A SHAREHOLDER IN
THE BANK AND IF THE BANK LOSES MONEY YOU MAY LOSE MONEY
8. YOU MAY BE REQUIRED TO SIGN THE NDA BEFORE THEY TELL YOU WHAT
THE RATE IS
9. THE NDA COULD HAVE A CLAWBACK CLAUSE STRUCTURED INSIDE OF
IT
10 YOU BECOME AN INVESTOR IN THE BANK AS YOU AUTHORIZE THEM TO
UTILIZE YOUR MONEY
11. THE N.D.A. TERM CAN HAVE SET TIME LIMITS ( 5 YEARS, 10
YEARS, 15 YEARS, 20 YEARS)
12. YOUR TAX STRUCTURES WILL CHANGE
13. YOU MAY NOT NET WHAT YOU INITIALLY THOUGHT YOU WOULD NET
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WHAT IS F.I.N.C.E.N
Wednesday, March 26, 2014
12:33 AM
FinCENs mission is to safeguard the financial system from
illicit use and combat money laundering and promote national
security through the collection, analysis, and dissemination of
financial intelligence and strategic use of financial
authorities.
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