Wednesday, March 14, 2012

Theres more to the TAG accounts than meets the eye. TAG: (DINAR)

Theres more to the TAG accounts than meets the eye. TAG: (DINAR)
Posted By: watcher51445
Date: Wednesday, 14-Mar-2012 10:43:35

Theres more to the TAG accounts than meets the eye. TAG:
Transaction Account Guarantee
Superficial chatter says that you should just ask for your Dinar deposits to be placed in a no-interest bearing account. Then your funds will be insured with no upper limit. The FDIC will not be the insurer but because of the Dodd-Frank bill you will be insured fully through the end of this year or maybe for the 12 months following the Re-valuation date.
But, Heads up:
Unless the bank has actually set up and is compliant with the TAG account instructions, you may be harmed in several ways.
None of my local banks had heard of the rules for becoming compliant with the Dodd-Frank instructions. I printed out copies of the instructions (13 pages) and handed it to the bank VPs which they cheerfully received, promising that their lawyers would read it and get ready to support TAG accounts.
There is a basis for this strange TAG requirement (or suggestion). It may help if you understand the basis for the Dodd-Frank Bill and the TAG account option.
Your Dinar payouts were and are supposed to be in gold or metals-backed currency. Thats especially true for Dinar holders because the Dinar you hold is backed by gold, oil, and minerals.
Its fool-hardy to convert the worlds most valuable and stable currency into US dollars that sink in value almost every day. Dollars are announced to be DEVALUED another 40% within 30 to 60 days after the RV.
I mentioned Dinar as being stable. Yes. Monthly violence in all of Iraq is far less that that of single US cities like Washington DC or Los Angeles. TV news channels amplify and selectively choose what we are allowed to see or believe.
So where is the US currency that is metals based? New US Treasury bills are expected to be released to the public perhaps 30 or 60 days after the RV. At that time we will have options for converting our old greenback bills into the new Treasury bills. On the samples (far below) note that the Federal Reserve is not mentioned. The new bills will be issued from the US Treasury (we expect). The 99 year agreement between the US Treasury and the Federal Reserve ran out sometime in January 2012 (it is claimed).
IF YOU DEPOSIT YOUR CONVERTED FUNDS INTO A VALID TAG ACCOUNT:
- Your funds will be assumed to be of US Treasury Bill value later, when and if the new Treasury bills are issued. (metals backed just like the Dinar - good)
- You will have full and immediate access to your funds to buy big items or properties no rationing, no delays on withdrawals. (good)
- You funds will be insured with no upper limit for the next 9 or 12 months in the event of bank failures, closures, holidays.
- You must not gain any interest on the account (Mandatory Requirement) because banks can only pay interest using current debt-based fiat unstable old US currency.
- You cannot take funds from any other source and deposit them into your TAG account. (Maybe DONG payouts are ok not sure.)
So if you thought you could just deposit Dinar payouts into any old checking account that bears no interest, then you havent looked through the compliance standards that the bank has to fulfill in getting ready to give you a TAG account. See the link further below.
The legal rules a bank must follow are quite dense and heavy. Details galore. The bank must even have a small sign of a certain size on the wall in the lobby stating with certain words that they provide TAG account services.
Most of you probably envision cashing in at a bank, then wiring some funds from there to other local banks or credit unions. These secondary receiving banks will have to have legitimate TAG accounts if you want the TAG benefits. Upon receiving the incoming bank wire, the bank will have to ask about your source of funds. Your receipt from your original dinar conversion event will be needed in this situation.
So what happens if you just ignore the TAG option. Maybe you were only going to cash in one 25,000 Dinar note. At the rumored rate of $12.36 that single note will produce a deposit of $309,000 which is just a little over the $250,000 normal FDIC insurance.
Is that anything to worry about? (What? Me worry?)
WORRY DEFINED:
Later when we all line up at banks to trade in our crumpled greenbacks to get our fresh Metals-based US Treasury notes, we have hints, rumors, and whispers that there will be a 40% to 60% loss of greenback value for everyone around the world that holds greenbacks. US dollars will be devalued announced and not a theory.
When the new Treasury bills are issued,
You will possibly trade in $100 old bills and receive back $60 in new Treasury bills. (40% devaluation of US dollars) Or,
You will possibly trade in $100 old bills and receive back $40 in new Treasury bills. (60% devaluation of US dollars).
IF your Dinar deposits are NOT PLACED IN A TAG ACCOUNT, your old $1 million greenback dollars will be converted (in the bank) to $600,000 Treasury Bills (for example) at the 40% devaluation rate when the new bills are released.
IS THIS SCARY EXAMPLE CLEAR? You cashed in top-value DINAR which was already gold-based, and through negligence (in this example) you lost 40% of your value because you didnt mandate that your bank set up a TAG account to receive it.
We have been kept in the dark about many things, but Congress saw this situation about to arise. For once, in your favor, the Dodd-Frank bill designed a method by which your Dinar (and possibly Dong) deposits would be treated AS ACTUAL METALS-BASED CURRENCY even though the new Treasury bills wont be issued until a few months after the RV event. These TAG accounts (if you see the sense of using them) give the US Treasury up to a year to get their Treasury bills distributed.
The trauma of the US and world-wide populations having their old green dollars DEVALUED can be dealt with best a few months AFTER the frantic Dinar conversions.
To appreciate the complexity of the RV happening in 195 nations, consider that the dollar devaluation will affect all those nations WHOSE CURRENCIES ARE ALSO BEING reassigned based on the productivity of each nation.
Summary: To avoid unnecessary diminishment of 40% or more of your funds when the world soon converts to the new US Treasury bills, consider printing out a few copies of the Dodd-Frank instructions and hand carrying a copy to your local bankers who may be unaware.
I found it useful to talk with bank administrators, stating that you are a Dinar holder, and that even though the local bank is not expected to convert your dinar, you intend to wire sizeable funds into your local account AND THAT IT NEEDS TO COME IN TO A Transaction Account Guarantee (TAG) ACCOUNT which must conform with the printed instructions at this government link.
Heres the official government link for the Dodd-Frank PDF document that defines the bank policies required:
http://www.fdic.gov/deposit/deposits/unlimited/faq.pdfConsider printing a copy for the banker(s).
FYI: Dr. Ed in Texas
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Reader Lisa has update on TAG accounts
Posted By: Jordon [Send E-Mail]
Date: Wednesday, 14-Mar-2012 11:22:58

.
watcher51445 post about TAG accounts
Jordan,
I'm unable to find a link to email watcher51445, I wanted to let her know that the information about the TAG accounts is WRONG - please see the follow-up to that original post where the author says they made a mistake:
http://sirratatap.com/2012/03/10/update-tag-accounts/
Can you please post the link to the update with watcher's post -
Thanks.
Lisa

9 comments:

Anonymous said...

i would like more information on this subject if there is no more tag accounts what do we do now to protect our investment

Anonymous said...

Thank you John, for posting the correction. Namaste

Anonymous said...

What would happen if we waited until after the devaluation and the rainbow money in the new currency to cash in all of our dinar? Will we still be forced to pay the devaluation percentage? My bank in Slidell, La never heard of TAG accounts. It is also said that the IRS will have a new section dealing with people who own foreign currencies and they will have to pay taxes on them. It would be difficult to take the devaluation and then be hit with the taxes and the spread, if any. Thanks.

Anonymous said...

FOR THOSE WAITING FOR THE PROSPERITY FUNDS .. "Over the past few weeks, we have been preparing to transfer vast sums of money into the trusts that we set up worldwide to distribute the prosperity funds to you."

Anonymous said...

THE tag ACCOUNT IS no longer. That Info. is correct. I spent the day "yesterday" with a private banker. We called the FDIC to get Answers..

It is simple. they changed it. AND the NAME.. to
Dodd-Frank Deposit Insurance Provision

Start your reading here.
http://www.fdic.gov/deposit/deposits/unlimited/implementation.html

then follow up with the links under home on the feft of the page. the link above is the first link in that post. under home.

This will answer all questions.

Anonymous said...

I thought the fed and the irs are going down in this world battle. So i dont think will have to pay taxes anymore once all this goes down

Anonymous said...

Ask God for Guidance, and declare in the Name Of Jesus that God WILL protect all your assets for you and your family. You have to speak it into existance like God spoke the world into existance. There really IS power in the tongue. I've experienced it several times. "You have not because you've asked not". - For Believers Only!

A Child Of The Most High God.

Anonymous said...

Would this money be protected if we received some and had to put it in a corrupt place like say; Chase bank? I look forward to prosperity.

Anonymous said...

Theres more to the TAG accounts than meets the eye. TAG: (DINAR) (views: 1159)
watcher51445 -- Wednesday, 14-Mar-2012 10:43:35
Reader Lisa has update on TAG accounts (views: 695)
Jordon -- Wednesday, 14-Mar-2012 11:22:58
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=233492****
I come with head hanging a little low to be honest. I ran with an article and the knowledge I had about TAG Accounts. It would seem after spending all morning researching this topic after numerous comments and questions, that TAG Accounts are no longer even in
existance.While taking the article and making it more understandable, I had not followed up on the TAG Accounts from when I was aware of them. The TAG Accounts were in fact a part of a program called TGLP or Temporary Liquidity Guarantee Program. The TGLP and the account TAG operating beneath it were put into place back in 2008 to help bring the confidence of the people to leave their money in the banks. This was the brainchild of the FDIC.
It would appear from this article http://www.fdic.gov/news/news/speeches/chairman/spmar411.html that the FDIC claims that the programs TGLP and TAG worked and were no longer necessary. .....(....)
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=233495