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Friday, August 7, 2015

Wealthwatch Late Morning  Chat  8-7-15 

Post From Wealthwatch.world Chat Room 8-7-15
Wealthwatch Late Morning  Chat  8-7-15 

Fit2beFit: I've checked around, and unless I've missed someone, there are no dealers left who are selling reserves. What I'm wondering is.... Since it appears that reserves were being sold illegally (for whatever reason; lack of proper registration, etc.), it only follows that anyone who is holding currency purchased through a reserve program could very well end up have it confiscated.

Fit2beFit: Wouldn't that currency be considered evidence in the dealers court proceedings?

Doug_W: because it never changed hands

ajay214: unless they could prove what bills you received for that specific purchase, they could not confiscate it

Doug_W: but it would have had to change hands 4 that AJ
~~~
ajay214: ‹@Doug_W› correct - I was meaning if you let it expire and they send you the 100K or whatever - they would have to prove what you got form a reserve and otherwise - it would never happen

Fit2beFit: Never say never in this investment :silly:

ajay214: I can say they will never get mine!
ajay214: because I never bought reserves
ajay214: lol

Fit2beFit: ‹@ajay214› Prove it. Send me them all so I can double check you.  :silly:  :sideways:  :silly:

ajay214: oh ok then - where do I send it lol

Fit2beFit: ‹@ajay214› Donald Trump The Trump Organization 725 5th Avenue New York, NY 10022 USA

ajay214: think he needs my money lol

Doug_W: totally AJ

Doug_W: ok back to Nascar practice now

ajay214: I think he spends far more on suits than I make a year

Fit2beFit: ‹@ajay214› Yes, For Hair Club for Men

ajay214: ‹@Fit2beFit› lol

BOBBY: afternoon all

Fit2beFit: Any thoughts on this..... Not only were they sold illegally, they were purchased illegally. The buyers would not have been qualified thru the Regulation-D guidelines. Here is a link: http://ift.tt/1ILdSWf... So, they could be confiscated, evidence or not.

http://ift.tt/18w3MJA

Fit2beFit: Reserves

Tootsie: That applies to commodities and security exchanges, and none of the "broker/dealers" we delt with were security/commodity companies.

Fit2beFit: ‹@Tootsie› So you know for a fact its not illegal

Tootsie: They were just licensed money handlers. Heck, they would have to stop selling currency at airports and other vendors = That is precisely why they do not / are not capital gains. only NASDAQ etc are eligible for short term/long term capital gains.

Fit2beFit: ‹@Tootsie› The subject is RESERVES

Tootsie: Banks were selling (they are not NASDAQ)

Fit2beFit: ‹@Tootsie› The subject is RESERVES

Tootsie: I don't think it matters, not commodities/ or securities

Tootsie: which is what this is ~~ Title 17 → Chapter II → Part 230 → §230.501 Browse Previous | Browse Next Title 17: Commodity and Securities Exchanges PART 230—GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933

Tootsie: we will see, when ~~ just wish would get over with , been tooooo danged long

Dianne777: ‹@Tootsie› amen and AMEN!!!!

BOBBY: Tootsie...... question for you... whats your thoughts on seeing an end tovthis? sooner or later?

Tootsie: As used in Regulation D (§230.500 et seq. of this chapter), the following terms shall have the meaning indicated: (a) Accredited investor. Accredited investor shall mean any person who comes within any of the following categories, or who the issuer reasonably believes comes within any of the following categories, at the time of the sale of the securities to that person:~~~ IQD is not a security and we are not considered "investors" clearly

Fit2beFit: RESERVES

Tootsie: ‹@BOBBY› ohhhh, man~! have no clue

BOBBY: tootsie. .... opinion? ???

Tootsie: reserves are not securities either , not NASDAQ etc. Heck currency traders don't even fall under such

Fit2beFit: Where does is it state about reserves thou?

Tootsie: ‹@BOBBY› I fear we may be a bit away

BOBBY: Tootsie... i agree 100 percent

 Tootsie: ‹@Fit2beFit› you are thinking stock/bond type 'investment' one can't purchase bond /stocks on a 'reserve/laway program' they can purchase shares through NASDAQ broker in companies etc.

Fit2beFit: ‹@Tootsie› So you stating, it states that the reserves are legal, were legal for them to do,...please show me that

Tootsie: ‹@Fit2beFit›

Tootsie: no I am not saying that , not at all, just that the dinar does not fall into the category (or the dealers/banks that sold it) if commodities and securities exchanges

Tootsie: regs

Fit2beFit: ‹@Tootsie› That does not follow into the category of them doing the "reserve business", does it?

Tootsie: which is what the referenced laws/acts is.

Fit2beFit: Ok where does it reference them able to do, sell, promote reserves?

Tootsie: they are NOT securities exchange/commodity agents/ ~~ so so so they don't fall into that act. they are not connected in any way/shape/form with the stock trading oil trading, gold etc.

Fit2beFit: Which means there is no proof about "selling reserves" legal or nonlegal under their license type ANYWHERE

Tootsie: ‹@Fit2beFit› Idon't see where the confusion lies. They are just people like you and I who started a money exchange business ~ not an investment business. so that act does not apply to them , the iqd dealers. I do not know for positive what (as I did not finish reading/studying the charges) , that deams them illegal, just that the quoted commodities act is not what covers such.
Tootsie: ‹@Fit2beFit› have to read the charges to see what they are discussing (in case) many endeavors they DC, participated in, monex ~ interestingly, the charges stated apply to most of them (dealers/money exchangers: ouch!

Tootsie: fbi ones

Fit2beFit: Reserves, after researching it and read so much into it, I believe will come down to illegal to either their license type, possession of enough to cover it and im sure alot more

Tootsie: ‹@Fit2beFit› they sure made a hunk of bucks with such, all of them!

Fit2beFit: Either way, its just keeps getting interesting

BOBBY: Tootsie. .... are you discussing the various reserve programs?

Tootsie: ‹@BOBBY› guess so ~

Tootsie: well, nap time - Days of Our Lives hahaha and a sammich ~ sure fire way to get 1/2 hr snooze hahaha. Enjoy – bye

BOBBY: judging by membership numbers on here i believe many are landing here

Fit2beFit: Everyone should have their right to state their feelings on this investment, its future, etc etc

BOBBY: Fit2befit... agreed..... i dont see any hinderence of that here

Fit2beFit: ‹@BOBBY› Amen


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