Entry Submitted by One Who Believes at 11:31 AM EST on November 24, 2016
RE: ZIM Cut Off Question
Regarding the question:
"ZIM Cutoff Date July 15" - Anonymous Guest Post
Mark is saying in peru last week they said you had to purchase your Zim by july 15 to be able to exchange Can anyone verify this?
I highly doubt that is true. Currency is currency and you either have it or you do not. You are not going to be asked to prove when you got your currency.
As far as I know, there was never a time when a "Purchase Date" mattered as it related to exchanging. That being said, there was a time when we were encouraged to keep and bring our "Purchase Receipts." However, that was NOT to qualify to be able to exchange, but instead, it was to establish how long you had the currency for tax reasons. The longer you had the "Investment," the lower your capital gains tax would be, and the receipt would prove that.
Now that we know there will be no tax, how long we held the currency doesn't matter and, as it turns out, exchanging currency is not a taxable event anyway. That is why we have been instructed to say "Exchange" and not "Cash Out" to be sure there are no tax consequences.
I expect that there will come a time when some of the currencies we hold will be "Retired," but you will have to be given plenty of notice to turn them in and get credit for them. That hardly matters to us because we will have long since Exchanged them already.
Exchanging USD for USN
Importantly, this includes the "Federal Reserve USD Notes" we have in cash. Once the new USN (Rainbow Currency) has been announced, the old USD notes will have an expiration date set. After that date, they will no longer be worth anything. Whatever you have in the bank will automatically be converted to become the new USN money at a rate of 1 USN for each 1 USD. For the USD cash you have in hand, you will have to either deposit them into your bank account, which will automatically "Convert" them to USN, or you can exchange them at the bank for the same value in USN cash.
RE: ZIM "Bearer Checks"
The ZIM Bearer Checks have an Expiration Date printed on their face. These may in fact be expired, but I would take them to the Bank anyway. There are a lot of special dispositions happening right now in the World.
I understand that many of the Historical Bonds from the Federal Reserve were counterfeits, and it is said that they will still be redeemed anyway. It is all about getting money out into the World.
The Bottom Line
The bottom line is there are a lot of people trying to talk you out of your currencies, or at the least, trying to bring you down. If you have currencies, you already have it made and there is nothing anyone else can do about it. You should bring everything you have to your exchange and let the Bank tell you what is exchangeable and what is not.
By the way, I am still "FEELING IT" for today. Happy Thanks Giving!!!!
May You Get Everything You Want and Live The Life Of Your Dreams
Signed: One Who Believes