Lifeisart: WINGIT CALL NOTES FOR ~ MAY 6th, 2016
DISCLAIMER. FULL DISCLOSURE AT THEWINGITCALL.COM
THIS COLD BE MY LAST CALL. I'M NOT CALLING IT,
ART. LET'S HOPE THIS IS THE LAST CALL.
BLUWOLF... WE ARE THERE IN ALL ASPECTS..BLUWOLF'S POST: ...
It is weird to be sent a collection of videos where the speaker is reading out with certainty what you have written word for word,yet it is entangled in a spaghetti of stories of revolutions and strange militia type of take overs (intriguing and strange, to rich for my blood).
....
DISCLAIMER. FULL DISCLOSURE AT THEWINGITCALL.COM
THIS COLD BE MY LAST CALL. I'M NOT CALLING IT,
ART. LET'S HOPE THIS IS THE LAST CALL.
BLUWOLF... WE ARE THERE IN ALL ASPECTS..BLUWOLF'S POST: ...
It is weird to be sent a collection of videos where the speaker is reading out with certainty what you have written word for word,yet it is entangled in a spaghetti of stories of revolutions and strange militia type of take overs (intriguing and strange, to rich for my blood).
....
To that person I will command you to desist in your doing so. We are now in a great point, things are transpiring for many in a silent manor while for some the wait is repulsive and energy consuming to say the least.
But yet I must keep informing you that we are there in all aspects of this whole rv situation. The Chinese are meticulously getting things done, in order to avoid getting our monies stolen from those vultures who predator about.
All these predators are falling and being in trapped by the web of the spider, for they are falling like flies.
Things shall be moving forward shortly for our tier is next and it shall flow without any problems WHATSOEVER are we clear.
HAVE A GOOD LIFE. NA'MASTE Bluwolf
p.s. I must insist for all to remember who you are and where you came from, let's do right by our neighbors, GOT IT!
RAY IS EXCITED, THINK HE'S GOT SOME GOOD CONTACTS. RATES ARE
JUST HEARD FROM SOMEONE ELSE, THAT THEY'RE TRYING TO GET IT DONE BY END OF MARKET CLOSE.
I AGREE W/ GERRY, I THINK WE'RE AT THE END.
GERRY. TODAY, WE'RE TALKING ABOUT POST RV. SOME WE'VE SPOKEN OF, SOME WE'VE NOT.
ALL I'M GOING TO SAY, IS THAT WHEN YOU GO IN, THE RATES YOU'LL BE OFFERED ON THE CURENCY YOU HAVE..EYES ROLL BACK, KNEES WEAK, MAY PASS OUT,
MAY NEED OXYGEN. I'M HOPING THEY'VE HAVE SOME GEORGOUS WOMAN THERE GO GIVE ME CPR, I DON'T WANT SOME HAIRY LEGGED DUDE GIVING ME CPR.. THE RATES ARE STRAIGHT FROM HEAVEN. NOT UNGODLY, THE ZIM, PROBABLY MORE THAN A DOLLAR, AND WHEN YOU'VE YOUR HUMANITARIAN PROJECTS IN ORDER, I WANT YOU TO THINK ABOUT
AFTER THEY'VE REVIEW EVERYTHING, THEY MAY OFFER YOU MORE.
ASK GOD FOR COUNCIL. TO MUCH CAN BE A BAD THING, IF NOT PREPARED FOR THE RESPONSIBILITIES. I'VE TAKEN THE RESPONSIBILITY OF DOING THESE CALLS, THE RATES HAVE KEPT CLIMBING. THE FIGURES OUR THERE SO DIFFICULT TO WRAP OUR BRAIN OUT. AFTER YOU'VE SEEN THE NUMBERS, AND YOU THINK IT WILL FULFILL YOUR PROJECTS, YOU'LL BE RESPONSIBLE FOR IT.
DON'T TAKE WHAT YOU CANNOT MANAGE.
AM I A SINNER, YES, ABSOLUTELY EVERYDAY. I ASK FOR FORGIVENESSS EVERYDAY, AND TRY TO WALK A STRAIGHTER PATH.
THE RATES ARE GOING TO SHOCK THE SHORTS OFF OF YOU. THINK ABOUT WHAT YOU'RE BEING OFFERED.
I'M GOING TO SEND A TEXT TO MY FELLOW MEXICAN FRIEND ...CAN I SAY THIS?
IKO. THE PROBLEM IS THT WE GET REPORTS ABUT RATES, AND THERE'S NO WAY TO VERIFY IF. NO MATTER HOW MUCH FAITH YOU HAVE IN THAT PERSON,
DEPENDING ON WHOS STATING THIS, THEY CAN GET INTO TROUBLE, JOB LOSSES,
3 LETTER AGENCIES...ISSUES CONCERNING THE REPORTING OF RATES, AND TRYING TO PIN DOWN TIMES.
THIS IS WHY WE ALWAYS STRUGGLE W/ THIS. BUT WE DO WANT PEOPLE TO BE PREPARED WHEN GOING TINTO THE EXCHANGE. BE PREPARED, ASK FOR WHAT YOU WANT, YOU JUST MIGHT GET IT. BE CAREFUL THAT YOU REALLY WANT THIS IN YOUR LIFE OF THIS LIEVEL OF MUJLTIBILLIONAIRE?
I'VE MAKE A LIST OF ALL I WANT, AND I'VE ONE MODEL FOR MY VETERANS FOUNDATION, AND I KNOW WHAT I NEED TO LIVE ON. BUT IT'S NO WHERE NEAR WHAT THIS MONEY IS ALL ABOUT. SO, I'VE STARTED LOOKING AT OTHER PROJECTS/VENTURES.
GERRY. WHEN YOU GO IN, LET THE EXCHANGER SEE WHAT YOU HAVE, LET THEM OFFER YOU A RATE. SORT OF LIKE NEGOTIATING FOR A NEW CAR.
LET'S TALK ABOUT WHAT YOUR LOVES ARE, BECAUSE EVEN WITH A LOT OF MNEY, AND NOT DOING WHAT YOU LOVE, YHOULL FEEL LIKE YOUR'RE STUCK.
WE'VE TALKED ABUOT FAMILY OFFICES, ATTORNEY, CPYS, GRANT WRITERS. YOU'RE GOING TO NEED A FEW ATTORNEYS, EVEN IF YOU HAVE HALF OF TRUMP LIKE MONEY. PROTECT YOURSELF FROM LAWSUITYS, SET YOURSELF UP PROPERLY.
IKO, ONE THING MY INSURANCE AGENT SAID, YOU REALIZE, YOU CAN'T FIGURE YOUR INSURANCES THE WAY YOU USED TO. YOUR INSURANCE IS YOUR FIRST LINE OF DEFENSE. INSTEAD OF A MILLION DOOLLAR OF OCCURANCE, YOU'LL HAVE %5MILLION. HOWEVER, IF YOU RUN OVER A 5 YR OLD IN A SHOPPING LOT, THERE'S NO AMOUNT OF MONEY THAT WILL SATISFY. SO THIS GOES STRAIGHT INTO INSURANCES.
LIFE IS GOING TO GET LARGER THAN YOU CAN POSSIBLY IMAGINE. GREATER RESPONSIBILITIES, COMMUNITY/FIRENDS/FAMILY SOCIAL CIRCLES. GOING TO CHANGE DRAMATICALLY.
SOMEONE HAS $1m DINAR, NO ZIM, BUT THEY WILL STILL MAKE A GOOD AMOUNT OF MNEY OFF THEIR DINAR. LIFE WILL CHANGE, PEOPLE WILL HAVE THEIR HANDS OUT. FRIENDS, WILL HAVE THEIR HANDS OUT.
IKO SITED A FAMILY FRIENDS SITUATION.
YOU NEVER KNOW WHAT MONEY IS GOING TO DO WITH YOUR LIFE, WHETHER A MILLIONAIRE, OR BILLIONAIRE.
ALL OF THIS COME INTO PLAY. SECURITY IS A HUGE ISSUES. WHETHER YOU HAVE ENOUGH TO HAVE PERSONAL SECURITY.
GERRY. RULE OF THUMB, HARSH AND BLUNT. I DON'T CARE WHO YOU ARE, HOW CLOSE YOU ARE, WHAT TYPE OF RELATIONSHIP YOU ARE IN, BUT IF YOU HIRE FAMILY MEMBERS TO WORK FOR YOU, YOU'RE GOING TO BE IN TROUBLE. DRAMA MAMA, DRAMA KIDS.
DO NOT BRING FAMILY INTO THIS AND I'M REALLY TALKING ABOUT MARRIED COUPLES. I'M KEEPING THIS SEPERATE FROM MY WIFE, AND WILL PROTECT HER, BUT AM GOING TO KEEP THESE THINGS SEPERATE. KEEP THE WIFE'S MONEY SEPERATE, KEEP THE HUSBANDS FUNDS SEPERATELY.
DON'T COMINGLE FAMILY MONIES, DON'T WORK TOGETHER, BEING ROUND ONE ANOTHER 24/7, SOMEONE'S GOING TO GET HURT. IT'S SELF PROTECTION.
IKO. IT HARSH, BUT TRUE. MY WIFE CAME IN TO MANAGE MY OFFICE, AND PEOPLE WOULD COME IN W HAT IN HAND, AND SAY I'M GOING TO HAVE TO LEAVE. THEY COULDN'T TAKE THE BICKERING. COULDN'T HANDLE DYNAMICS.
WIFE AND I ALREADY HAD FRANK DISCUSSIONS ABOUT HOW TO TAKE PERSONAL CHUNCKS, AND ALSO DO MUTUAL PROJECTS, AS WELL AS PRIVATE PROJECTS. HAVE OUR OWN SETS OF PROFESSIONALS TO TALK W/.
LIKE VISITING GERRY IN TEXAS, EVERYTIME YOU COME BACK I HAVE TO STRAIGHTEN YOU OUT, FROM BEING A REDNECK...LOLOLOLOLOL
MONEY IS REALLY GOING TO UP THE ANTIE.
JUST IN CASE FOLKS HEARD ABOUT FRICTION BETWEEN DB/ WINGIT/IKO AND OTHERS, IT CAN BE SUMMED UP THAT MEN OF GOOD WILL WILL ALWAYS FIND COMPRIMISE. JUST CALM DOWN AND ALLOW THINGS TO SETTLE. LET IT GO, NOT WORTH THE ENERGIES.
NOW THEY'RE MOVING. ON AN IN'TL LEVEL, THE $$$ HAS BEGAN TO FLOW. MY UGES IS THAT THE YUAN HAS IT'S PLACE OUT THERE, NOT THE US $$$.
G. IN THE SHIPPING INDUSTRY, DON'T THEY HAVE F.O.B'S FOR THE FIRST 30 DAYS, OR PAYMENT WHEN PRODUCT HITS SHORE.
IKO. LETTERS OF CREDIT, BANK CHECQUES, THAT ARE CUT IN THE DESITINATIN CURRENCY, ALL KINDS OF THINGS, BUT PRETTY MUCH PAID FOR BEFORE IT GETS WHERE IT'S GOING.
G. TWO WEEKS TO 30 DAYS TO BE PAID.
2. with the structured payouts how are you free to pay the necessary taxes?
G. THIS IS JUST ME, I THINKS IT'S GOING TO BE A TAX FREE EVENT, HEARD SOME THINGS, JUST HITCHING MY WAGON, MAY BE TAXES DOWN THE ROAD. MAY BE A 1% UST TRANSACTINAL FEE UPON EXCHANGE, PERHAPS SOMEONE CAN TEXT ME WITH THAT.
3. Skeleton Trust:
Richard from Masterstrust.com says that the currency needs to be in the Masters trust before the RV for the exchange to be tax deferred. He is basing this on the tax laws.
IKO. IF WE DON'T HAVE A TRUST, AND USE THE SKELETON, THE EXCHANGE WILL BE TAX DEFERED. YOUR TAX EVENT HAPPENS WHEN YOU TAKE THE CURRENCY YOU OWN AND REVALUE IT AT TIME OF EXCHANGE. IF YOU GO TO THE BANK W/ YOU TRUST, THAT CURRENCY WILL BE INSIDE THAT TRUST, IF NO TRUST AND YOU WANT THE SKELETON, YOU'LL MOVE YOUR CURRENCY INTO THAT TRUST, THEN REVALUE.
IT'S ONY WHEN YOU HAVE THAT MONEY IN THE SKELETON, NOT PAYING FULL AMOUNT, ONLY ON AMOUNT OF INTEREST EARNED,.. ONLY WHEN YOU PULL MONEY OUT, WILL TRIGGER . WELLS HAS THOUGHT ABOUT ALL OF THIS, WILL NOT PUT YOU INTO A VEHICLE THAT WILL SCREW YOU, BUT ONE THAT WILL SUPPORT YOU. BASED ON TAX HISTORY, YOU'RE RIGHT, BUT THIS IS A NEW WORLD.
Iko says that if we don't have a trust and use the banks skeleton trust to exchange into that the exchange will be tax deferred. If we do this, it will be after the RV, so according to Richard/Tax code it wouldn't be tax deferred. What is Iko basing his statement on that it will be tax deferred exchanging into the skeleton trust? Is this based on statements from a bank source or from something else?
ADDITIONAL AND ALTERNATE QUESTION: I have a concern with this in Mind:
On the same vein - If there are structured payouts and We already have our (MastersTrust.com) set up,
A - Does all the money we exchange go into our personal Trust, or does it get "dibbied" out slowly by the bank to us back into our Trusts?
YOU GO IN, YO HAVE 100% TO EXCHANGED. THE PERCENTAGE THAT YOU'VE AGREED ON ... GERRY BREAKING UP BAD. HARD TO HEAR.
B - Then where is it held in safe keeping during the "structured payout process?
IT'S HELD IN W.F. THE 75% IS THEIRS TO HOLD. I'M GOING TO GIVE THEM AS MUCH TIME AS I CAN TO HOLD THEIR SHARE.
Hug a red neck! Mm22
CALLER. Q. WE'VE BEEN TOLD ANYTHING OVER 500M ON ZIM, WILL REQUIRE A STRUCTURED PAYOUT, DOES THIS EXCLUDED FROM THE STRUCTURED PAYOUT, OR INCLUDED.
G. PRETTY SURE IT'S INCLUDED. ON 100% OF YOUR EXCHANGE, I THINK THAT EACH CURRENCY HAS IT'S OWN PAYOUT
Q/ INTEREST, IS IT QUARTERLY?
G. DON'T KNOW, QUESTON FOR YOUR BANKER.
4. I have a Living Trust , S Corp Should I exchange the money into the Trust or the S Corp?
5. Gerry ,no WF in Okla. If I CE here I would have to bank 250 miles away.
OK ME
5. Questions about the NDA...
IKO, THESE ARE REALLY GOOD QUESTION, PROBLEM IS MOST DON'T KNOW ALL THE ANSWERS.
WE'RE GUESSING WE'LL SIGN AN NDA FOR ANYTHING OVER 500M, AND FOR THE ZIM. YESTERDAY, QUESTIONS CAME UP THAT THERE MAY NOT BE BECAUSE THE RATES WILL BE HIGH, AND RATES NEGOTIATED. WE ACTUALLY DON'T KNOW. NOT SURE IF THERE'S A CONTRACT, W/ ZIM, OR AN NDA TALKS ABOUT PART OF THAT, OR ANOTHER PART. QUESTIONS IS THIS: WHAT IS YOUR STRAGEGY FOR DEALING WITH THIS?
WEALTHY FAMILIES MANAGE THESE ISSUES EVERY DAY, AND THE WEALTHY WILL NOT DISCUSS THESE ISSUES WITH YOU, THE MINUTE PEOPLE KNOW HOW MUCH MONEY YOU HAVE, THE PROBLEMS BEGIN.
1. What determines whether or not you will have to sign an NDA at exchange? Rate or total exchanged amount? Will all holders of Zim have to sign an NDA?
2. What does the NDA cover? Rate, bank, exchange procedures?
3. What is your strategy for answering nosey questions people will naturally ask when they see your different lifestyle about where you got this money, etc., without telling anything and violating the NDA?
4. What is the penalty for violating the NDA? Can someone falsely accuse you of talking about things and cause you to have your accounts frozen, for example? I won't be talking about any of this, but wondering of outside people can mess things up somehow... I think the NDA will be ok, but I want to have complete peace about it
IKO, I'VE WONDERED THIS MYSLEF. I DON'T ACTUALLY KNOW, BUT IF YOU HAVE PERHAPS 75% OF YOUR WEALTH ON WF. AND YOU BREAK THE NDA, YOU MAY SUFFER CONSDQUENCES. RECALLING DC, IF YOU CAN'T KEEP YOU MOUTHS SHUT, DON'T SIGN AN NDA. TAKE THE STREET RATES.
6. I would like to know if Dean (corporation soul) is still connected with Tax Neutral Blessing. Thank You
IKO...I DON'T KNOW...SEEK PROFESSIONAL ADVICE.
7. Gerry, Art, Iko, Pastor...what would each of you wish that we take away from this experience? What would you hope we have received or learned as we have waiting for this blessing?
GRERY. THAT WHAT WILL AL OF MY SUPPORT, THAT I'VE BROUGHT SOME PEACE OF MIND, TO HAVE HELPED YOU. WANT TO KNOW THAT YOU'RE HAPPY FROM MY CONTRIBUTIONS. DON'T WANT TO BE ON A PEDESTAL. HOPE THAT YOU'VE LEARNED ABOUT ME, THAT I'LL KEEP LEARNING AND GROWING UNTIL I'M PUSHING UP DAISIES.
IKO. BASED ON ALMOST 40 YRS OF BEGIN IN BUSINESS, SUCCESSFUL AND FLAMED OUT, IF EVERYONE COULD SIMPLY LEARN ONE SIMPLE TACTIC IN CONDUCTING THEIR FINANCIAL BUSINESS, WHENEVER SOMEONE ASK YOU TO MAKE A DECISION, TELL THEM ... 'I'LL GET BACK TO YOU TOMORROW.' YOU'LL BE SURPRISED AT WHAT A GOOD NIGHT'S SLEEP WILL DO.
IF YOU'LL DO THIS, NEARLY HAVE THE MISTAKES YOU COULD MAKE, WILL BE AVOIDED.
THIS IS AT LEAST ONE BIG ONE, I HOPE ALL HAVE LEARNED.
To say thank you for all each of you have done, seems so little for the amount all of you have done and continue to do for us. May the Lord bless and keep each of you as you continue your walk.
9. According to your sources, does it still look like the 800#s will be given at night while most of us are sleeping?
GERRY, AT THIS POINT, ANYTIME IT COULD HAPPEN. I STILL GO BACK THAT THEY MAY PREFER US AT NIGHT TIME, TO KICK IT OFF...AFTER DARK.
10. Have you heard if Chase is doing a structured payout?
IKO. STRUCTURED PAYOUTS, NO. CHASE WILL NOT, AND THIS COMES FROM CHASE THEMSELVES, THEY DON'T HAVE THE CHARTER. THAT SAID, WF DOING THE SP, AND ARE DOING A HYPRED/INTREST/BALOON PAYMENT. DON'T KNOW WHERE THIS TERM CAME FROM, NOT REALLY WHAT IT IS. BUT, WE'VE HEARD THAT YES, THEY CAN SET THESE UP. ACCOURDING CHASE, NOT DOING SP, BUT NOT TAKING ZIM EITHER. NOT DOING THE 2B ON THE CURRENCY, THIS IS A WF PROGRAM.
GERRY. MUST UNDERSTAND, THE RATES ARE HIGH. WF HAVE POSITIONED THEMSELVES, NOT STUMPING FOR THEM, NO PAYBACK, POSITIONED BETTER THAN ANY OTHER BANK, TO TAKE CARE OF US. THEY ARE GUARANTEEING US A CERTAIN PERCNETAGE QUARTERLY, ESPECIALLY IF IT'S HIGH, LIKE THE ZIM,
LET THEM TAKE CARE OF IT. YOU'RE HANDS ARE GOING TO BE FULL ON YOUR SIDE TO TAKE CARE OF. THAT AMOUNT YOU'RE GOING TO HAVE WILL BE A FULL TIME JOB. YOU'RE LEAVING A PAY CHECK TO PAYCHECK TO LIVING FULLY YOUR DREAMS.
WINGIT CALLWILL REMAIN UP. LINK ON RELAYS REMAIN UP, GO BACK AN LISTEN IF YOU LIKE. LIFE WILL CHANGE, PREPREATIONS CHANGED MONTHS AGO, BUT IS AT A HEAD TODAY.
IKO, THE RATES ARE REALLY HIGH!
11. I have an LLC for a piece of property I own. Can I exchange using this LLC and setup a trust after the exchange? Are they're any disadvantages to doing this.
IKO. A FEW YEARS AGO, I WAS COACHED. YOU HIRE PROFESIONALS TO TAKE CARE OF THESE RESOURCES. {SORRY, I MISSED THIS}
START UP A BRAND NEW LLC, TO MANAGE THIS WEALTH, DO NOT DUMP NEW INTO OLD. ALSO, MY PRO TOLD ME, WE COULD PARK THE MONEY AND TAKE 6 MONTHS TO KNOW WHAT I WANT TO DO, THIS NOW HAS CHANGED AS WELL.
QUESTION. CALLER. ARE WELLS FARGO GOING TO BE THE TRUSTEE ON THE SKELETON TRUST? I'M CONCERNED THT IF WE SAY, WE'VE OUR OWN TRUST, THEY MAY NOT ACCEPT IT. AM CONCERNED.
GERRY, I DON'T KNOW.
IKO. MY UNDERSTANDING IS THAT ALL OF THE $$ THAT WF WILL BE PLACING INTO THAT 75% TRUST, THEY WILL WANT TO MANAGE THAT. MY THOUGHT IS THAT THEY HAVE TO CONTROL THAT MONEY.
ON THE TRUST FOR YOURSELF, YOU ARE THE TRUSTEE.
GERRY. THEY ARE LISTENING TO THESE CALLS. BUT, YOU NEED TO ASK THEM THEM THESE QUESTIONS.
IKO. WHEN I HEAR SOMONE SAY, PUT IT IN GOD'S HANDS, YES, ULTIMATELY THAT'S WHAT WE DO WITH ALL THINGS. BUT, IF YO'RE DRIVING DOWN THE ROAD, YOU DON'T TAKE YOUR HANDS OFF THE WHEEL.
TAKE RESPONSIBILITY FOR THE CAR. IT'S A COOPERATION THAT WE HAVE TO HAVE FAITH, AT THE SAME TIME, BE SMART, AND INVOLVED WITH OUR MONEY. IN MY EXPERIENCE, THE UNIVERSE HAS ALWAYS HELPED ME OUT, WHEN I SEEK TRUTH AND PROD MY BRAINS OUT, IS WHEN I GET THE GREATEST HELP. EDUCATE YOURSELF, SO YOU'LL BE PREPARED. WE'VE INFORMATION THAT WE CAN CHECK INTO, THAT WILL HELP US IN THE EXCHANGE.
CALLER QUESTION: REQUEST FOR THOSE OF US ON THE PACIFIC COAST, TO HAVE THE TWEETS OUT A BIT LATER. ONE SOLUTION, TURN OFF THE PHONE, OR LOWER THE VOLUME
.
IKO, MOST WEALTHY PEOPLE HAVE HAD THEIR COFFEE, BREAKFAST BY 6 AM. LEARN TO BE WEALTHY NOW, YOU'RE LIFE IS ABOUT TO CHANGE.
CALLER QUESTION. I GIFTED A COLLAGE PERSON, 3RD YR, WILL IT MESS UP HIS FINANCIAL AID? {i missed the name of his son's financial aid }
GERRY. GO TO MASTERSTRUST.COM AND READ UP ON THE TRUST SET UP PER THE IRS GUIDELINES, AS WE KNOW IT NOW. EVEN IT IRS GOES AWAY, THE TRUST WILL STILL FUNCTION. TRUST BEEN AROUND SINCE THE 1400'S . THERE'S CASE LAWS IN THERE, IRS CODES TO LOOK AT. LOTS OF ANSWERS IN THERE.
IKO. PUT HIS FUNDS INTO A TRUST ACCOUNT.
GERRY READS A TEXT HE JUST RECEIVED: . HELL NOT TO LAWYERS, THE INTEREST GOES TO THE STATE.
CALLER. WILL HSBC ALSO BE PROVIDING NUMBERS FOR EXCHANGE?
GERRY. I THINK SO.
CALLER QUESTION. RE. SKELETON TRUST. WHEN THEY GET THE 75% AND WE WALK AWAY WITH THE 25%. WILL WE BE TAXED ON WHAT WE TAKE?
GERRY. CORRECT. WHEN YOU UNDERSTAND THE FULL FUNCTION OF THE TRUST, IS WHEN IT BECOMES A TAXABLE EVENT. YOU WON'T BE TAKING THE WHOLE 25%.
IKO, IF YOU HAVE THAT INTEREST GO INTO YOUR TRUST, ITS TAX DEFERRED. LOOKING AT TWO TRUST..1 THE BANK CONTROLS THAT GIVES A QUARTLY INTEREST.
YOUR OWN TRUST IS TAX DEFERED UNTIL YOU TAKE IT OUT.
THAT FINAL PAYMENT WILL GO INTO YOUR TRUST AS WELL. WHEN YOU TAKE MONEY OUT OF YOUR TRUST, IT BECOMES CAPITAL GAINS, TAXABLE EVENT. BUT, WHAT YOU'LL FIND WITH A WELL STRUCTURED TUST, YOU WON'T BE TAKING MONEY OUT ALL THAT OFTEN. BE TAKING SPENDING MONEY, BUT THE TRUST WILL BUY HOMES, CARS, ETD. DON'T GET TAXED ON THOSE INTEREST PAYMENTS UNLESS YOU TAKE IT OUT.
LET IT SIT IN THE TRUST FOR AT LEAST A YEARS. DON'T FORGET, THE FIRST FEW WEEKS, AFTER RV., YOU'RE GOING TO GO GET VERY GOOD COUNCIL TO HAVE THIS ALL EXPLAINED TO YOU.
CALLER QUESTION; HAS ANYONE SEEN THE NEIL KEENEN UPDATE/ VIDEOS?
GERRY, WATCHED TWO, RAN OUT OF TIME TO WATCH THE OTHERS.
CALLER., BASICALLY KEENEN HAS BEEN TOLD TO RELEASE THE INFORMATION. DUNSFORD IS PRE. DINAR GOLD BACK, ZIM GOLD BACKED. $11.80. LOTS OF GOOD NEWS, GETTING IT FROM M2. SOUNDS LIKE THIS IS A DONE DEAL.
GERRY.. I DON'T SPEAK OF DATES AND RATES. THANK YOU FOR THAT TIDBIT. SHOW ME THE MONEY!
CALLER QUESTION. DO WE STILL NEED 2 BANK ACCOUNTS.
GERRY. NO EACH CURRENCY WILL HAVE OWN DEPOSIT SLIP, SHOULD BE OKAY.
But yet I must keep informing you that we are there in all aspects of this whole rv situation. The Chinese are meticulously getting things done, in order to avoid getting our monies stolen from those vultures who predator about.
All these predators are falling and being in trapped by the web of the spider, for they are falling like flies.
Things shall be moving forward shortly for our tier is next and it shall flow without any problems WHATSOEVER are we clear.
HAVE A GOOD LIFE. NA'MASTE Bluwolf
p.s. I must insist for all to remember who you are and where you came from, let's do right by our neighbors, GOT IT!
RAY IS EXCITED, THINK HE'S GOT SOME GOOD CONTACTS. RATES ARE
JUST HEARD FROM SOMEONE ELSE, THAT THEY'RE TRYING TO GET IT DONE BY END OF MARKET CLOSE.
I AGREE W/ GERRY, I THINK WE'RE AT THE END.
GERRY. TODAY, WE'RE TALKING ABOUT POST RV. SOME WE'VE SPOKEN OF, SOME WE'VE NOT.
ALL I'M GOING TO SAY, IS THAT WHEN YOU GO IN, THE RATES YOU'LL BE OFFERED ON THE CURENCY YOU HAVE..EYES ROLL BACK, KNEES WEAK, MAY PASS OUT,
MAY NEED OXYGEN. I'M HOPING THEY'VE HAVE SOME GEORGOUS WOMAN THERE GO GIVE ME CPR, I DON'T WANT SOME HAIRY LEGGED DUDE GIVING ME CPR.. THE RATES ARE STRAIGHT FROM HEAVEN. NOT UNGODLY, THE ZIM, PROBABLY MORE THAN A DOLLAR, AND WHEN YOU'VE YOUR HUMANITARIAN PROJECTS IN ORDER, I WANT YOU TO THINK ABOUT
AFTER THEY'VE REVIEW EVERYTHING, THEY MAY OFFER YOU MORE.
ASK GOD FOR COUNCIL. TO MUCH CAN BE A BAD THING, IF NOT PREPARED FOR THE RESPONSIBILITIES. I'VE TAKEN THE RESPONSIBILITY OF DOING THESE CALLS, THE RATES HAVE KEPT CLIMBING. THE FIGURES OUR THERE SO DIFFICULT TO WRAP OUR BRAIN OUT. AFTER YOU'VE SEEN THE NUMBERS, AND YOU THINK IT WILL FULFILL YOUR PROJECTS, YOU'LL BE RESPONSIBLE FOR IT.
DON'T TAKE WHAT YOU CANNOT MANAGE.
AM I A SINNER, YES, ABSOLUTELY EVERYDAY. I ASK FOR FORGIVENESSS EVERYDAY, AND TRY TO WALK A STRAIGHTER PATH.
THE RATES ARE GOING TO SHOCK THE SHORTS OFF OF YOU. THINK ABOUT WHAT YOU'RE BEING OFFERED.
I'M GOING TO SEND A TEXT TO MY FELLOW MEXICAN FRIEND ...CAN I SAY THIS?
IKO. THE PROBLEM IS THT WE GET REPORTS ABUT RATES, AND THERE'S NO WAY TO VERIFY IF. NO MATTER HOW MUCH FAITH YOU HAVE IN THAT PERSON,
DEPENDING ON WHOS STATING THIS, THEY CAN GET INTO TROUBLE, JOB LOSSES,
3 LETTER AGENCIES...ISSUES CONCERNING THE REPORTING OF RATES, AND TRYING TO PIN DOWN TIMES.
THIS IS WHY WE ALWAYS STRUGGLE W/ THIS. BUT WE DO WANT PEOPLE TO BE PREPARED WHEN GOING TINTO THE EXCHANGE. BE PREPARED, ASK FOR WHAT YOU WANT, YOU JUST MIGHT GET IT. BE CAREFUL THAT YOU REALLY WANT THIS IN YOUR LIFE OF THIS LIEVEL OF MUJLTIBILLIONAIRE?
I'VE MAKE A LIST OF ALL I WANT, AND I'VE ONE MODEL FOR MY VETERANS FOUNDATION, AND I KNOW WHAT I NEED TO LIVE ON. BUT IT'S NO WHERE NEAR WHAT THIS MONEY IS ALL ABOUT. SO, I'VE STARTED LOOKING AT OTHER PROJECTS/VENTURES.
GERRY. WHEN YOU GO IN, LET THE EXCHANGER SEE WHAT YOU HAVE, LET THEM OFFER YOU A RATE. SORT OF LIKE NEGOTIATING FOR A NEW CAR.
LET'S TALK ABOUT WHAT YOUR LOVES ARE, BECAUSE EVEN WITH A LOT OF MNEY, AND NOT DOING WHAT YOU LOVE, YHOULL FEEL LIKE YOUR'RE STUCK.
WE'VE TALKED ABUOT FAMILY OFFICES, ATTORNEY, CPYS, GRANT WRITERS. YOU'RE GOING TO NEED A FEW ATTORNEYS, EVEN IF YOU HAVE HALF OF TRUMP LIKE MONEY. PROTECT YOURSELF FROM LAWSUITYS, SET YOURSELF UP PROPERLY.
IKO, ONE THING MY INSURANCE AGENT SAID, YOU REALIZE, YOU CAN'T FIGURE YOUR INSURANCES THE WAY YOU USED TO. YOUR INSURANCE IS YOUR FIRST LINE OF DEFENSE. INSTEAD OF A MILLION DOOLLAR OF OCCURANCE, YOU'LL HAVE %5MILLION. HOWEVER, IF YOU RUN OVER A 5 YR OLD IN A SHOPPING LOT, THERE'S NO AMOUNT OF MONEY THAT WILL SATISFY. SO THIS GOES STRAIGHT INTO INSURANCES.
LIFE IS GOING TO GET LARGER THAN YOU CAN POSSIBLY IMAGINE. GREATER RESPONSIBILITIES, COMMUNITY/FIRENDS/FAMILY SOCIAL CIRCLES. GOING TO CHANGE DRAMATICALLY.
SOMEONE HAS $1m DINAR, NO ZIM, BUT THEY WILL STILL MAKE A GOOD AMOUNT OF MNEY OFF THEIR DINAR. LIFE WILL CHANGE, PEOPLE WILL HAVE THEIR HANDS OUT. FRIENDS, WILL HAVE THEIR HANDS OUT.
IKO SITED A FAMILY FRIENDS SITUATION.
YOU NEVER KNOW WHAT MONEY IS GOING TO DO WITH YOUR LIFE, WHETHER A MILLIONAIRE, OR BILLIONAIRE.
ALL OF THIS COME INTO PLAY. SECURITY IS A HUGE ISSUES. WHETHER YOU HAVE ENOUGH TO HAVE PERSONAL SECURITY.
GERRY. RULE OF THUMB, HARSH AND BLUNT. I DON'T CARE WHO YOU ARE, HOW CLOSE YOU ARE, WHAT TYPE OF RELATIONSHIP YOU ARE IN, BUT IF YOU HIRE FAMILY MEMBERS TO WORK FOR YOU, YOU'RE GOING TO BE IN TROUBLE. DRAMA MAMA, DRAMA KIDS.
DO NOT BRING FAMILY INTO THIS AND I'M REALLY TALKING ABOUT MARRIED COUPLES. I'M KEEPING THIS SEPERATE FROM MY WIFE, AND WILL PROTECT HER, BUT AM GOING TO KEEP THESE THINGS SEPERATE. KEEP THE WIFE'S MONEY SEPERATE, KEEP THE HUSBANDS FUNDS SEPERATELY.
DON'T COMINGLE FAMILY MONIES, DON'T WORK TOGETHER, BEING ROUND ONE ANOTHER 24/7, SOMEONE'S GOING TO GET HURT. IT'S SELF PROTECTION.
IKO. IT HARSH, BUT TRUE. MY WIFE CAME IN TO MANAGE MY OFFICE, AND PEOPLE WOULD COME IN W HAT IN HAND, AND SAY I'M GOING TO HAVE TO LEAVE. THEY COULDN'T TAKE THE BICKERING. COULDN'T HANDLE DYNAMICS.
WIFE AND I ALREADY HAD FRANK DISCUSSIONS ABOUT HOW TO TAKE PERSONAL CHUNCKS, AND ALSO DO MUTUAL PROJECTS, AS WELL AS PRIVATE PROJECTS. HAVE OUR OWN SETS OF PROFESSIONALS TO TALK W/.
LIKE VISITING GERRY IN TEXAS, EVERYTIME YOU COME BACK I HAVE TO STRAIGHTEN YOU OUT, FROM BEING A REDNECK...LOLOLOLOLOL
MONEY IS REALLY GOING TO UP THE ANTIE.
JUST IN CASE FOLKS HEARD ABOUT FRICTION BETWEEN DB/ WINGIT/IKO AND OTHERS, IT CAN BE SUMMED UP THAT MEN OF GOOD WILL WILL ALWAYS FIND COMPRIMISE. JUST CALM DOWN AND ALLOW THINGS TO SETTLE. LET IT GO, NOT WORTH THE ENERGIES.
NOW THEY'RE MOVING. ON AN IN'TL LEVEL, THE $$$ HAS BEGAN TO FLOW. MY UGES IS THAT THE YUAN HAS IT'S PLACE OUT THERE, NOT THE US $$$.
G. IN THE SHIPPING INDUSTRY, DON'T THEY HAVE F.O.B'S FOR THE FIRST 30 DAYS, OR PAYMENT WHEN PRODUCT HITS SHORE.
IKO. LETTERS OF CREDIT, BANK CHECQUES, THAT ARE CUT IN THE DESITINATIN CURRENCY, ALL KINDS OF THINGS, BUT PRETTY MUCH PAID FOR BEFORE IT GETS WHERE IT'S GOING.
G. TWO WEEKS TO 30 DAYS TO BE PAID.
2. with the structured payouts how are you free to pay the necessary taxes?
G. THIS IS JUST ME, I THINKS IT'S GOING TO BE A TAX FREE EVENT, HEARD SOME THINGS, JUST HITCHING MY WAGON, MAY BE TAXES DOWN THE ROAD. MAY BE A 1% UST TRANSACTINAL FEE UPON EXCHANGE, PERHAPS SOMEONE CAN TEXT ME WITH THAT.
3. Skeleton Trust:
Richard from Masterstrust.com says that the currency needs to be in the Masters trust before the RV for the exchange to be tax deferred. He is basing this on the tax laws.
IKO. IF WE DON'T HAVE A TRUST, AND USE THE SKELETON, THE EXCHANGE WILL BE TAX DEFERED. YOUR TAX EVENT HAPPENS WHEN YOU TAKE THE CURRENCY YOU OWN AND REVALUE IT AT TIME OF EXCHANGE. IF YOU GO TO THE BANK W/ YOU TRUST, THAT CURRENCY WILL BE INSIDE THAT TRUST, IF NO TRUST AND YOU WANT THE SKELETON, YOU'LL MOVE YOUR CURRENCY INTO THAT TRUST, THEN REVALUE.
IT'S ONY WHEN YOU HAVE THAT MONEY IN THE SKELETON, NOT PAYING FULL AMOUNT, ONLY ON AMOUNT OF INTEREST EARNED,.. ONLY WHEN YOU PULL MONEY OUT, WILL TRIGGER . WELLS HAS THOUGHT ABOUT ALL OF THIS, WILL NOT PUT YOU INTO A VEHICLE THAT WILL SCREW YOU, BUT ONE THAT WILL SUPPORT YOU. BASED ON TAX HISTORY, YOU'RE RIGHT, BUT THIS IS A NEW WORLD.
Iko says that if we don't have a trust and use the banks skeleton trust to exchange into that the exchange will be tax deferred. If we do this, it will be after the RV, so according to Richard/Tax code it wouldn't be tax deferred. What is Iko basing his statement on that it will be tax deferred exchanging into the skeleton trust? Is this based on statements from a bank source or from something else?
ADDITIONAL AND ALTERNATE QUESTION: I have a concern with this in Mind:
On the same vein - If there are structured payouts and We already have our (MastersTrust.com) set up,
A - Does all the money we exchange go into our personal Trust, or does it get "dibbied" out slowly by the bank to us back into our Trusts?
YOU GO IN, YO HAVE 100% TO EXCHANGED. THE PERCENTAGE THAT YOU'VE AGREED ON ... GERRY BREAKING UP BAD. HARD TO HEAR.
B - Then where is it held in safe keeping during the "structured payout process?
IT'S HELD IN W.F. THE 75% IS THEIRS TO HOLD. I'M GOING TO GIVE THEM AS MUCH TIME AS I CAN TO HOLD THEIR SHARE.
Hug a red neck! Mm22
CALLER. Q. WE'VE BEEN TOLD ANYTHING OVER 500M ON ZIM, WILL REQUIRE A STRUCTURED PAYOUT, DOES THIS EXCLUDED FROM THE STRUCTURED PAYOUT, OR INCLUDED.
G. PRETTY SURE IT'S INCLUDED. ON 100% OF YOUR EXCHANGE, I THINK THAT EACH CURRENCY HAS IT'S OWN PAYOUT
Q/ INTEREST, IS IT QUARTERLY?
G. DON'T KNOW, QUESTON FOR YOUR BANKER.
4. I have a Living Trust , S Corp Should I exchange the money into the Trust or the S Corp?
5. Gerry ,no WF in Okla. If I CE here I would have to bank 250 miles away.
OK ME
5. Questions about the NDA...
IKO, THESE ARE REALLY GOOD QUESTION, PROBLEM IS MOST DON'T KNOW ALL THE ANSWERS.
WE'RE GUESSING WE'LL SIGN AN NDA FOR ANYTHING OVER 500M, AND FOR THE ZIM. YESTERDAY, QUESTIONS CAME UP THAT THERE MAY NOT BE BECAUSE THE RATES WILL BE HIGH, AND RATES NEGOTIATED. WE ACTUALLY DON'T KNOW. NOT SURE IF THERE'S A CONTRACT, W/ ZIM, OR AN NDA TALKS ABOUT PART OF THAT, OR ANOTHER PART. QUESTIONS IS THIS: WHAT IS YOUR STRAGEGY FOR DEALING WITH THIS?
WEALTHY FAMILIES MANAGE THESE ISSUES EVERY DAY, AND THE WEALTHY WILL NOT DISCUSS THESE ISSUES WITH YOU, THE MINUTE PEOPLE KNOW HOW MUCH MONEY YOU HAVE, THE PROBLEMS BEGIN.
1. What determines whether or not you will have to sign an NDA at exchange? Rate or total exchanged amount? Will all holders of Zim have to sign an NDA?
2. What does the NDA cover? Rate, bank, exchange procedures?
3. What is your strategy for answering nosey questions people will naturally ask when they see your different lifestyle about where you got this money, etc., without telling anything and violating the NDA?
4. What is the penalty for violating the NDA? Can someone falsely accuse you of talking about things and cause you to have your accounts frozen, for example? I won't be talking about any of this, but wondering of outside people can mess things up somehow... I think the NDA will be ok, but I want to have complete peace about it
IKO, I'VE WONDERED THIS MYSLEF. I DON'T ACTUALLY KNOW, BUT IF YOU HAVE PERHAPS 75% OF YOUR WEALTH ON WF. AND YOU BREAK THE NDA, YOU MAY SUFFER CONSDQUENCES. RECALLING DC, IF YOU CAN'T KEEP YOU MOUTHS SHUT, DON'T SIGN AN NDA. TAKE THE STREET RATES.
6. I would like to know if Dean (corporation soul) is still connected with Tax Neutral Blessing. Thank You
IKO...I DON'T KNOW...SEEK PROFESSIONAL ADVICE.
7. Gerry, Art, Iko, Pastor...what would each of you wish that we take away from this experience? What would you hope we have received or learned as we have waiting for this blessing?
GRERY. THAT WHAT WILL AL OF MY SUPPORT, THAT I'VE BROUGHT SOME PEACE OF MIND, TO HAVE HELPED YOU. WANT TO KNOW THAT YOU'RE HAPPY FROM MY CONTRIBUTIONS. DON'T WANT TO BE ON A PEDESTAL. HOPE THAT YOU'VE LEARNED ABOUT ME, THAT I'LL KEEP LEARNING AND GROWING UNTIL I'M PUSHING UP DAISIES.
IKO. BASED ON ALMOST 40 YRS OF BEGIN IN BUSINESS, SUCCESSFUL AND FLAMED OUT, IF EVERYONE COULD SIMPLY LEARN ONE SIMPLE TACTIC IN CONDUCTING THEIR FINANCIAL BUSINESS, WHENEVER SOMEONE ASK YOU TO MAKE A DECISION, TELL THEM ... 'I'LL GET BACK TO YOU TOMORROW.' YOU'LL BE SURPRISED AT WHAT A GOOD NIGHT'S SLEEP WILL DO.
IF YOU'LL DO THIS, NEARLY HAVE THE MISTAKES YOU COULD MAKE, WILL BE AVOIDED.
THIS IS AT LEAST ONE BIG ONE, I HOPE ALL HAVE LEARNED.
To say thank you for all each of you have done, seems so little for the amount all of you have done and continue to do for us. May the Lord bless and keep each of you as you continue your walk.
9. According to your sources, does it still look like the 800#s will be given at night while most of us are sleeping?
GERRY, AT THIS POINT, ANYTIME IT COULD HAPPEN. I STILL GO BACK THAT THEY MAY PREFER US AT NIGHT TIME, TO KICK IT OFF...AFTER DARK.
10. Have you heard if Chase is doing a structured payout?
IKO. STRUCTURED PAYOUTS, NO. CHASE WILL NOT, AND THIS COMES FROM CHASE THEMSELVES, THEY DON'T HAVE THE CHARTER. THAT SAID, WF DOING THE SP, AND ARE DOING A HYPRED/INTREST/BALOON PAYMENT. DON'T KNOW WHERE THIS TERM CAME FROM, NOT REALLY WHAT IT IS. BUT, WE'VE HEARD THAT YES, THEY CAN SET THESE UP. ACCOURDING CHASE, NOT DOING SP, BUT NOT TAKING ZIM EITHER. NOT DOING THE 2B ON THE CURRENCY, THIS IS A WF PROGRAM.
GERRY. MUST UNDERSTAND, THE RATES ARE HIGH. WF HAVE POSITIONED THEMSELVES, NOT STUMPING FOR THEM, NO PAYBACK, POSITIONED BETTER THAN ANY OTHER BANK, TO TAKE CARE OF US. THEY ARE GUARANTEEING US A CERTAIN PERCNETAGE QUARTERLY, ESPECIALLY IF IT'S HIGH, LIKE THE ZIM,
LET THEM TAKE CARE OF IT. YOU'RE HANDS ARE GOING TO BE FULL ON YOUR SIDE TO TAKE CARE OF. THAT AMOUNT YOU'RE GOING TO HAVE WILL BE A FULL TIME JOB. YOU'RE LEAVING A PAY CHECK TO PAYCHECK TO LIVING FULLY YOUR DREAMS.
WINGIT CALLWILL REMAIN UP. LINK ON RELAYS REMAIN UP, GO BACK AN LISTEN IF YOU LIKE. LIFE WILL CHANGE, PREPREATIONS CHANGED MONTHS AGO, BUT IS AT A HEAD TODAY.
IKO, THE RATES ARE REALLY HIGH!
11. I have an LLC for a piece of property I own. Can I exchange using this LLC and setup a trust after the exchange? Are they're any disadvantages to doing this.
IKO. A FEW YEARS AGO, I WAS COACHED. YOU HIRE PROFESIONALS TO TAKE CARE OF THESE RESOURCES. {SORRY, I MISSED THIS}
START UP A BRAND NEW LLC, TO MANAGE THIS WEALTH, DO NOT DUMP NEW INTO OLD. ALSO, MY PRO TOLD ME, WE COULD PARK THE MONEY AND TAKE 6 MONTHS TO KNOW WHAT I WANT TO DO, THIS NOW HAS CHANGED AS WELL.
QUESTION. CALLER. ARE WELLS FARGO GOING TO BE THE TRUSTEE ON THE SKELETON TRUST? I'M CONCERNED THT IF WE SAY, WE'VE OUR OWN TRUST, THEY MAY NOT ACCEPT IT. AM CONCERNED.
GERRY, I DON'T KNOW.
IKO. MY UNDERSTANDING IS THAT ALL OF THE $$ THAT WF WILL BE PLACING INTO THAT 75% TRUST, THEY WILL WANT TO MANAGE THAT. MY THOUGHT IS THAT THEY HAVE TO CONTROL THAT MONEY.
ON THE TRUST FOR YOURSELF, YOU ARE THE TRUSTEE.
GERRY. THEY ARE LISTENING TO THESE CALLS. BUT, YOU NEED TO ASK THEM THEM THESE QUESTIONS.
IKO. WHEN I HEAR SOMONE SAY, PUT IT IN GOD'S HANDS, YES, ULTIMATELY THAT'S WHAT WE DO WITH ALL THINGS. BUT, IF YO'RE DRIVING DOWN THE ROAD, YOU DON'T TAKE YOUR HANDS OFF THE WHEEL.
TAKE RESPONSIBILITY FOR THE CAR. IT'S A COOPERATION THAT WE HAVE TO HAVE FAITH, AT THE SAME TIME, BE SMART, AND INVOLVED WITH OUR MONEY. IN MY EXPERIENCE, THE UNIVERSE HAS ALWAYS HELPED ME OUT, WHEN I SEEK TRUTH AND PROD MY BRAINS OUT, IS WHEN I GET THE GREATEST HELP. EDUCATE YOURSELF, SO YOU'LL BE PREPARED. WE'VE INFORMATION THAT WE CAN CHECK INTO, THAT WILL HELP US IN THE EXCHANGE.
CALLER QUESTION: REQUEST FOR THOSE OF US ON THE PACIFIC COAST, TO HAVE THE TWEETS OUT A BIT LATER. ONE SOLUTION, TURN OFF THE PHONE, OR LOWER THE VOLUME
.
IKO, MOST WEALTHY PEOPLE HAVE HAD THEIR COFFEE, BREAKFAST BY 6 AM. LEARN TO BE WEALTHY NOW, YOU'RE LIFE IS ABOUT TO CHANGE.
CALLER QUESTION. I GIFTED A COLLAGE PERSON, 3RD YR, WILL IT MESS UP HIS FINANCIAL AID? {i missed the name of his son's financial aid }
GERRY. GO TO MASTERSTRUST.COM AND READ UP ON THE TRUST SET UP PER THE IRS GUIDELINES, AS WE KNOW IT NOW. EVEN IT IRS GOES AWAY, THE TRUST WILL STILL FUNCTION. TRUST BEEN AROUND SINCE THE 1400'S . THERE'S CASE LAWS IN THERE, IRS CODES TO LOOK AT. LOTS OF ANSWERS IN THERE.
IKO. PUT HIS FUNDS INTO A TRUST ACCOUNT.
GERRY READS A TEXT HE JUST RECEIVED: . HELL NOT TO LAWYERS, THE INTEREST GOES TO THE STATE.
CALLER. WILL HSBC ALSO BE PROVIDING NUMBERS FOR EXCHANGE?
GERRY. I THINK SO.
CALLER QUESTION. RE. SKELETON TRUST. WHEN THEY GET THE 75% AND WE WALK AWAY WITH THE 25%. WILL WE BE TAXED ON WHAT WE TAKE?
GERRY. CORRECT. WHEN YOU UNDERSTAND THE FULL FUNCTION OF THE TRUST, IS WHEN IT BECOMES A TAXABLE EVENT. YOU WON'T BE TAKING THE WHOLE 25%.
IKO, IF YOU HAVE THAT INTEREST GO INTO YOUR TRUST, ITS TAX DEFERRED. LOOKING AT TWO TRUST..1 THE BANK CONTROLS THAT GIVES A QUARTLY INTEREST.
YOUR OWN TRUST IS TAX DEFERED UNTIL YOU TAKE IT OUT.
THAT FINAL PAYMENT WILL GO INTO YOUR TRUST AS WELL. WHEN YOU TAKE MONEY OUT OF YOUR TRUST, IT BECOMES CAPITAL GAINS, TAXABLE EVENT. BUT, WHAT YOU'LL FIND WITH A WELL STRUCTURED TUST, YOU WON'T BE TAKING MONEY OUT ALL THAT OFTEN. BE TAKING SPENDING MONEY, BUT THE TRUST WILL BUY HOMES, CARS, ETD. DON'T GET TAXED ON THOSE INTEREST PAYMENTS UNLESS YOU TAKE IT OUT.
LET IT SIT IN THE TRUST FOR AT LEAST A YEARS. DON'T FORGET, THE FIRST FEW WEEKS, AFTER RV., YOU'RE GOING TO GO GET VERY GOOD COUNCIL TO HAVE THIS ALL EXPLAINED TO YOU.
CALLER QUESTION; HAS ANYONE SEEN THE NEIL KEENEN UPDATE/ VIDEOS?
GERRY, WATCHED TWO, RAN OUT OF TIME TO WATCH THE OTHERS.
CALLER., BASICALLY KEENEN HAS BEEN TOLD TO RELEASE THE INFORMATION. DUNSFORD IS PRE. DINAR GOLD BACK, ZIM GOLD BACKED. $11.80. LOTS OF GOOD NEWS, GETTING IT FROM M2. SOUNDS LIKE THIS IS A DONE DEAL.
GERRY.. I DON'T SPEAK OF DATES AND RATES. THANK YOU FOR THAT TIDBIT. SHOW ME THE MONEY!
CALLER QUESTION. DO WE STILL NEED 2 BANK ACCOUNTS.
GERRY. NO EACH CURRENCY WILL HAVE OWN DEPOSIT SLIP, SHOULD BE OKAY.
CALLER QUESTION; RE STRUCTURED PAYOUTS, AM I STUCK IN A SKELETON TRUST?
IKO. IF YOU DON'T MEET THE THRESHOLD, WE WE ARE TOLD IT'S 500MILLION DOLLARS, IF YOU'VE GOT MORE THAN THAT, AND 75-90% IS GOING INTO A SKELETON TRUST FOR PAYOUTS, .. HAVE YOU CALCULATED THE INTEREST PAYMENTS?
CALLER. DON'T REALLY UNDERSTAND TRUST, DON'T REALLY KNOW WHAT WF IS DOING. JUST WANT TO DO IT RIGHT. SOUNDS LIKE THE 75% WILL BE IN THE WF TRUST?
IKO. MY UNDERSTANDING, I HAVE A FEELING WE WON'T CHANGE THAT SKELETON, WE'RE BECOMING MEMBERS OF THAT GIAGANTIC TRUST. NOT GOING TO BE ABLE TO MOVE IT OUT UNTIL THE AGREED TIME/TERM.
THE LONGER WE LEAVE IT, THE BETTER THE INTEREST RATE. YOU'RE GOING TO HAVE AN INCREDIBLE AMOUNT OF MONEY AFTER JUST ONE YEAR, AND THAT MONEY INSIDE YOU OWN PERSONAL TRUST WILL ALSO BE MAKING MONEY. MAY EVEN BE ABLE TO HAVE WF MANAGE THAT MONEY, AND NEGOTIATE THAT INTEREST. A GREAT OPPORTUNITY TO HAVE THESE FUNDS WELL MANAGED. IF WF GOES DOWN, THE WORLD GOES DOWN. WHEN WE PLUG INTO THESE RATES, AND LOOK AT THE QTLY INTEREST IS MIND-BLOWING.
IT'S OMG!!! MONEY. EVEN WHEN IT'S IN YOUR OWN TRUST, IT'S STILL OMG!!!! MONEY. YOU HAVE YOUR PERSONAL TRUST WORKING FOR YOU, AND THE WF TRUST WORKING FOR YOU...IT'S REALLY, TRULY .... OMG !!!!!! MONEY.
GOING BACK TO THE QUESTION OF WHAT WOULD WE HAVE YOU LEARN FROM THIS IS, THAT, AS WEALTHY PEOPLE, WE CAN TAKE OUR TIME. EVERYONE ELSE IS WAITING FOR US. TAKE YOU TIME.
AS FAR AS THE THINGS IN LIFE THAT ARE REALLY IMPORTANT, WE HAVE THE TIME TO ALLOW THINGS TO UNFOLD., AND WATCH HOW THEY UNFOLD. THIS IS ANOTHER GIFT, GIVEN TO US. TAKE YOUR TIME.
CALLER, QUESTION. SOME THINGS I'M WANTING TO DO RE THE CURRENCY, WONDERING IF THE BANK WOULD LOAN ME MONEY AGAINST MY OWN MONEY, HUMAITARIAN THINGS I WANT TO DO AND NOT WAIT A WHOLE YEAR? HAVE THEM MANAGE 25-25%, ANOTHER MANAGER MANGE ANOTHER 25%. I HAVE RECEIPTS THAT I PURCHASED. DON'T HAVE IT IN HAND, FOR TWO WEEKS, WILL THIS BE A PROBLEM?
IKO, DON'T SEE WHY NOT, YOU CANNOT GET A LOAN. ON THE RECEIPTS, THOSE ARE FOR TAX PURPOSES, MOST LIKELY. WHAT YOU HAVE IN HAND IS THE RATE YOU'RE GOING TO GET.
~~~~~~~~~##### CALLED CLOSED IN PRAYER ##############
Friday Conferece call Replay with Gerry Maguire
Guests Iko Ward, Art, and more….
http://ift.tt/1q4ry80
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
via Dinar Recaps - Our Blog http://ift.tt/1Nm8kWS
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