Welcome!
All,I present to you Publication No.30 of The Weekly Tidbit. I'm confident you'll be exposed to a wealth of helpful information as you continue to grow and develop in your understanding of what is best for you and your personal, family, and financial situation.
Go Tidbits... Go Dinar! Dinar Daddy
Revocable Trusts
By Paul Lydolph - AttorneyIf you want to keep your assets out of Probate, the bare minimum tool is the Revocable Trust. The Trust will own some portion of your combined assets. Such a Trust allows you to provide for the management of your trust assets and their eventual distribution to your heirs. You will decide in advance who will manage your assets for your benefit if you should become unable to manage them yourself. It also keeps your assets and your heirs out of probate. The Trust also allows you to designate to whom certain tangible items will be distributed on a list that is separate from your Trust and can be changed any time you like without changing your Trust.
The Trust will utilize what is commonly referred to as an A‑B System to take advantage of the unlimited marital deduction and the lifetime exclusion amount from estate taxes. During the life of the surviving spouse, the assets are held for the spouse’s benefit. Any remaining assets left to your children may be distributed to them at a time of your choosing, or left in trust for their lifetimes. Leaving assets in trust for your children can protect them from their creditors or their ex‑spouses as well as from their own imprudent spending decisions. At the same time, the assets will be available for the children’s support, maintenance, health, and education.
We also suggest that you each have a Last Will and Testament, a so-called pour-over will. The Will allows you to designate the Personal Representative of your estate as well as Guardians for any minor children. A Will also allows you to waive the necessity for your Personal Representative to post a bond. The basic function of the pour-over will is to ensure that any assets not properly titled in your Trusts at death will be poured over to your trust by your Personal Representative.
Powers of Attorney will be used to accomplish certain tasks. By signing a Special Durable Power of Attorney you will authorize your spouse to act on your behalf to transfer property into your Trust or otherwise transact business for you. This is another safety net, to make sure all property ends up titled in the Trust.
Most Estate lawyers will also prepare a Health Care Power of Attorney, to authorize your spouse to make health care decisions for you if you are unable to do so. Many prefer to avoid extensive life support in the event of terminal illness, so we also suggest the use of so-called living wills or medical directives to communicate your preferences to physicians and medical service providers in advance.
Should you need more of your questions answered regarding these types of trust or any other, feel free to call me (Paul Lydolph) toll free at (888) 348-2441. I may also be reached via email at legal@treasuryvault.com.
Greater Value "Reserve"
There is a Dinars-on-Reserve Program out there unlike any other ever conceived, and not surprisingly it's offered by Treasury Vault, the leader in customer-benefit promotions within the currencies industry. It's called the "Greater Value Reserve".Here's what it's all about...
By choosing to purchase Dinar using this program, you actually reserve your right to purchase one (1) million Dinar for the next 30 days by only putting down $79! For that $79, you actually receive a bundle of Dinar that retails at $89! You'll receive the "All-in-One" bundle (25k note, 10k note, 5k note, 1k note, and a 500 note) with each individual one (1) million Dinar reserve, and you'll receive the bundle within 3 days from your initial payment. There is NO WAIT to receive your down payment value and there is no limit to the number of one (1) million Dinar reserves you enter into.
By choosing to purchase your Dinar through this program, you'll also be "Securely Reserving" a 30 day right to purchase 1,000,000 IQD (40 of the 25K denomination notes) at a DISCOUNTED RATE of $1,050.00 per million (per 1 million IQD you have reserved), regardless of a rate change in the IQD!
That's flat out the LOWEST RATE in the industry for any amount of Dinar! No question, this program is a no-brainer for those who enjoy leveraging their holdings by entering into a "Dinars-on-Reserve" program! If you haven't figured it out yet, we also just gave you a work-around to accessing the lowest rates in the industry! Purchase through this method and take advantage of the loop hole that will give you the most for your money!
Contact Treasury Vault Today to RESERVE your Dinars!
www.TreasuryVault.com . (888) 348-2441 . www.BuyDinar.com
3 Currencies Ready for a HUGE RV
By Karim RahemtullaBoth the U.S. dollar and euro are doomed.
Why? Because in addition to being in slow-growth economies, saddled with debilitating debts, they’re the victims of an enormous increase in money supply. The obvious result is serious inflation and the devaluation of both currencies in the coming years.
Even if the United States doesn’t add to its already bloated debt, the interest on it – coupled with massive money printing – virtually guarantees higher prices. Same goes for Europe, as the region is printing money out of thin air to bail out its ailing countries and banks.
However, the euro and dollar’s pain could easily be your gain. You see, the situation is rapidly creating a new currency world order. Specifically, three currencies are poised for a massive upward revaluation… The Three “Super Currencies” of TomorrowThere’s a trio of currencies that you must include in your portfolio today.
Backed by solid fundamentals in countries that rely on growth, not artificial monetary stimulation, these three currencies operate on an entirely different playing field than the dollar and euro. And they’re set to undergo huge revaluations in the coming months. Without further ado…
Currency #1: Chinese YuanAs the dollar and euro decline, the Chinese are busy plowing the yuan into assets that increase in value. Things like mines, factories, other currencies and natural resources.
At current levels, the yuan is a bargain. Of course, the Chinese government deliberately sets the exchange rate artificially low – rather than allowing it to float freely on world markets – in order to profit from Chinese goods and services.
With the world balking at this arrangement, the Chinese will have to revalue the yuan in a big way over the coming years. Why? Two reasons…
- The Chinese aren’t just goods producers these days… they’re big consumers, too. This means reduced dollar reserves and more yuan will be invested abroad.
- The Chinese will be forced to revalue the yuan more frequently and by greater amounts – something the country was unable to do as it was busy accumulating dollars.
As a tandem, these two catalysts will force the value of the yuan higher in the years ahead.
Currency #2: Indian RupeeHaving dropped by more than 20% against the dollar over the past couple of years, the rupee is an absolute steal right now.
The Indian Central Bank controls the rupee closely. And in an effort to combat the financial crisis and make Indian goods and services more competitive, it’s allowed the currency to depreciate.
The result? An artificially weak rupee that will appreciate due to the trend in global growth and money flow.
With Indian GDP growth set to outstrip all Western economies in the years ahead, the country will have to raise interest rates to quell inflation.
In the past, this wasn’t an issue, since India wasn’t a global player when it came to importing goods and services. It was a closed, insulated economy, where the majority of the population bought locally.
But with the Indian middle class approaching some 400 million people, the country is beginning to import more goods. Such a reality will lead to inflation, which will force the central bank to tighten monetary policy.
Currency #3: Canadian DollarThe Canadian dollar has a bright future. For starters, Canada is rich in natural resources like oil, timber and gold.
As the prospects for global growth pick up, all three are in huge demand from developed and developing economies alike – a trend that will remain for years.
Canada also has its fiscal house in good order. Its AAA credit rating is secure, as the country quickly tackled its debt issues in the early part of this century. As a result, the Canadian dollar has almost doubled against its U.S. counterpart in the past decade.
In addition, Canada didn’t have to bail out its banks or financial system because of lax lending practices. Quite the opposite, in fact. Thanks to their financial strength, Canadian banks are now expanding into the United States in record numbers.
In short, Canada has a lot going for it. It supplies emerging markets… it has a strong and fiscally responsible financial system and government… it will benefit from a U.S. economic recovery… and it maintains a transparent and trusted economy.
Bottom line: Remember that we’re talking currencies here, so a move of 10% to 15% would be huge. These three will represent the new world order in the currency market over the coming years – and the gains will reflect that.
The best way to buy the yuan, rupee and Canadian dollar is to make regular investments over time. Don’t pile in at once. Average your cost over the next few months as the U.S. economy strengthens. Such a strategy will allow you to buy the currencies at reasonable levels.
Good Investing,
Karim Rahemtulla
Spotlight on Iraq Gold as Fog of War Lifts
By : JOSÉ L. CARMONAThe recent discovery in Baghdad of what may be one of the world’s largest gold deposits could make Iraq a bigger producer of precious metal than oil, and help it pay its outstanding debt to Western countries stemming from the two Gulf Wars.
What’s more, the gold vein found in an eastern Baghdad neighborhood is expected to increase the area’s real estate prices with the influx of hundreds, if not thousands, of gold seekers, according to a report by currencynewshound.com.
As Iraq — with one of the world’s largest untapped oil deposits—continues to increase its oil production output for export, the discovery of large quantities of gold changes the economic landscape for the Middle Eastern country, noted James Méndez, president of Méndez Internet Management Services, an authorized money service business and Iraqi currency broker based in Puerto Rico.
“This means that in addition to large quantities of oil, Iraq will have one of the world’s largest gold deposits, which ensures the country will have plenty of money to pay its debts and to cover the cost of the upcoming revaluation of its currency, which should happen soon,” Méndez told CARRIBEAN BUISNESS online.
Mining operations continue in the upscale Aldajh area after the discovery of the existence of large quantities of gold in the soil, currencynewshound.com reported Wednesday.
For more than two years, exploration and drilling have been going on under the streets in the region, extending from Fudhaliyah to Obeidi, where low-lying water channels are used for the diversion of rainwater during flood seasons.
The drilling operations extend for several meters deep into the earth, except for longitudinal drilling spanning more than ten kilometers (6.2 miles), the online report said.
So far the mining has raised thousands of tons of earth, which has been set aside in order to extract the gold particles, the report said.
Gold Rush in Iraq
By Mad Hedge - Fund TraderThere is a Gold Rush Underway in Iraq, with major implications for the rest of us. The success of the recent oil auctions in Iraq is creating a windfall for American oil services companies.
Schlumberger (SLB), Baker Hughes (BHI), Weatherford (WFT), and Halliburton (HAL) have committed to drilling 2,500-3,000 new wells per year and building new pipeline and shipping terminal infrastructure that could make Iraq the world’s largest oil exporter. The value of these contracts may reach a massive $60 billion over the next six years, and could generate $1 billion in new revenues for each company per year.
Two offshore terminals are already under construction, and another two are on the drawing board. If successful, the project will boost the country’s oil production from the current 2.5 million barrels a day to 12 million b/d by 2016.
Iraq’s oil production peaked at 3 million b/d in 1979, and then went to nearly zero after it invaded Iran. I remember those days well, as I was issued a visa to accompany Saddam’s troops to Tehran, only to see it cancelled when the Iranians were able to mount a counter offensive. I still have the dessert camos and telephoto lenses need to cover the desert war, although the pants, regrettably, no longer fit.
Iraq’s oil industry never recovered. UN sanctions limited the regime to minimal “official” exports that covered humanitarian imports like baby food and drugs. Tanker trucks smuggled out through Jordan what they could, with the proceeds going directly to Saddam’s family. When the US invaded, bails of hundred dollar bills were found stashed in private homes, the proceeds of these black market deals.
American oil engineers were shocked by the poor state of Iraq’s energy infrastructure after 40 years of neglect. It all has to be rebuilt from scratch. If the new Iraqi government can provide the necessary infrastructure, and stabilize the political and security environment, it will become one of the largest changes to the landscape for international trade in decades.
Those are all very big “ifs”. It will dump another Saudi Arabia’s worth of crude on the market. It will also go a long ways towards meeting China’s insatiable demand for oil, as well as that of other emerging economies, and put a long term cap on prices.
Of course, this is the scenario that antiwar activists and conspiracy theorists feared eight years ago, but no one thought it would take so long to play out. With an oil man as president, a vice president from Halliburton, and a secretary of the army from Enron, who can blame them.
Early in the planning of the war there was an expectation the US could defray some cost of the war with newly freed oil exports. I know, because I was there, my eight years in the Persian Gulf earning me an appointment as an outside consultant. I bailed when I saw the whole project was hopeless. Ever notice that Iraq’s oil industry was never targeted during either gulf war? These are usually prime targets in modern warfare.
This is so important that I can’t believe no one else is talking about it. Yes, I know you’ll feel guilty making money off of a pariah stock like Halliburton, but you can always donate your profits to the Sierra Club.
