TNT – Friday

T = TONY | DC = DC GUY/WINSTON | C = CALLER

TONY – Good morning TNT. Today is Friday, March 6, 2015. It’s going to be a short call since we had a call yesterday. But we’ll go thru the info.

DC – We’re going to give an overall update. In politics everybody is queued up and ready to go. All participants are supportive of the RV going down and getting done. They’ve had last minute meetings to make sure everything is right. Everyone has been given the green light. There is a given time that we don’t know. In the past 24 hours signals have been sent worldwide with updated rate of 3.90 with small exchanges done to test the system successfully. From high level bankers they are ready and the tests went fine. Security with banks and gov’ts have all been put on alert, including the “hired guns” who will be in place for a few weeks. TOny and I don’t know the time but we know it is “live” across the entire world. Transactions have not been able to occur because they’re waiting on the announcement. That announcement must occur in Iraq first, then the rest of the world. That time difference could be up to 90 seconds to a few minutes.

DC – The USA ramp-up time may be longer than we have talked about in the past. In order to prevent leaks they have let everybody say they have 24/7 staffing. Tikrit is not in play for this but celebrations are planned this weekend. The world is waiting on Dr. Shabibi for the transaction codes. It could happen Saturday night, Sunday night, etc.

T – We are excited. Yesterday the rates came live at 3.90. We’ve talked to several banks, from VPs to branch managers to tellers and they are all seeing a live rate at this moment. The SAME live rate – 3.90 – but nobody can do any transactions at this moment. Iraq is planning some major announcements over the weekend, hopefully related to the RV  and Tikrit. They put out a notice today that even tho banking laws are changing on Sunday (int’l transfers, etc.), they don’t have to wait until Sunday for the revaluation. It’s still on their TV announcing the “coming days.” That means 2 or 3 days from Wednesday. Everybody is giddy on every level. We just don’t know the moment of impact. I’m feeling superfantastic.

T – Pam is feeling like you SHOULD NOT CALL THE BANKS TODAY. They don’t want calls today, or at this time today – LOL! They can’t do anything about it. We got that from all 4 banks, several different states, and several countries verifying they have live rates. This is really, really good news. Hopefully the nightmare is over and the dream is about to become a reality. We’re done!

“LIVE” CALL-IN STARTING NOW. C = CALLER | NOTE: REPETITIVE QUESTIONS OR REDUNDANT CHIT-CHAT WILL NOT BE TRANSCRIBED. READ YESTERDAY’S CALL NOTES.

C – Since only so many people can get on the call, will it be recorded for people who may miss it? DC – Only 80K people can get on the phone lines. We’re told we can only do one call – a quick goodbye and here’s who to call (currency depts of the various banks) – then basically we have to check out. They haven’t told us if we can record it or not. Everyone has agreed to play ball as long as it’s reasonable. But we’ve been told repeatedly to relax and that everything will be done in an orderly fashion. Now I’m going to contradict myself and say to “hurry” because we don’t know how much of the contract rate will be left.

T – To reiterate, I’m going to try and keep the sites up as long as possible, specifically for info about the 4 events. Part of our NDA is we can’t talk about currency. We won’t be able to talk about the dinar, dong, advise you what to do afterwards, won’t be able to have calls, websites, etc. about future currency deals that may be forthcoming. We can’t be involved in those situations. DC – Right, for the next 15 years.

C – I’m in Pittsurgh where there are no Big Four banks here. However, Bank of NY Mellon is here but they require $50K cash to open an account there. DC – I’m familiar with that bank and they have good ratios and are well-run. By raising their deposit requirements they’re going after a certain clientele. Will they be able to offer a contract rate? I don’t know. They have a lot of products geared to businesses so I’ve found them to be very attractive.

C – I’m in Pittsurgh where there are no Big Four banks here. However, Bank of NY Mellon is here but they require $50K cash to open an account there. DC – I’m familiar with that bank and they have good ratios and are well-run. By raising their deposit requirements they’re going after a certain clientele. Will they be able to offer a contract rate? I don’t know. They have a lot of products geared to businesses so I’ve found them to be very attractive.

C – I’m in Pittsurgh where there are no Big Four banks here. However, Bank of NY Mellon is here but they require $50K cash to open an account there. DC – I’m familiar with that bank and they have good ratios and are well-run. By raising their deposit requirements they’re going after a certain clientele. Will they be able to offer a contract rate? I don’t know. They have a lot of products geared to businesses so I’ve found them to be very attractive.

C – A previous caller mentioned something about $7K limit on cash at exchange. DC – Because of all the money going around you have to be careful about wires and you may need a cashier’s check. If you already have a relationship with the bank that will help. T – Anything over $500K will have to be authorized and approved, possibly by DHS.

T – Let’s clarify: the $7K has nothing to do with the contract rate. They’re just not looking for people to take out $10K a day in cash.

C – When you tweet will you be able to give out the 800# for the main bank? T – Let me tell you what I know: when I send out a tweet, it goes to 241,000 people. Those people may call/share it with others. If they don’t give us an 800# then they created that chaos. We don’t have a bank package. It’s not one 800# like it was. I think it will be chaos. DC – Also, you have to remember that most people will take the 3.90 and move on. Those who paid attention will be shopping around.

C – I have reserves and I don’t totally understand how they work. Is it digital money or does Sterling actually have physical currency? {NEWBIE ALERT!!} DC – Several dealers have physical currency in their vault with your name on it. But if you’re not dealing with one of the major currency dealers getting your reserves may be a pain in the arse. Be careful and cautious who you do business with.

T – Okay, let me explain this again. If we get the call we’re waiting for somebody in the US to give us the okay. I’ll probably get a call from overseas before that happens. We’ll know before it broadcasts here. Then we have to make a decision as to either tweet out “it’s live and banks are over, call in an hour” or do I wait? Then during that hour you’ll start calling banks. I don’t know if they’ll give us an alert for a 15-minute advance notice of a call with numbers. I just don’t have that info on how they plan on doing this. They have options – I just don’t know which one they’ll choose. I have agreed to do this to make it as smooth as possible. Banks across the US are in on it, so you shouldn’t be waiting in line long. You have to decide if you want to go in and just take the int’l rate and not sign an NDA or wait and take a contract rate. 1st mouse, 2nd mouse, 3rd mouse. You have to decide if you want to watch Forex. These are things you have to decide NOW instead of waiting for a tweet. There is a plan to have the options to select from.

** Then we have to make a decision as to either tweet out “it’s live and banks are OPEN, call in an hour” or do I wait?

C – I’ve talked with wealth managers of several banks in the last few days. They don’t know anything about Dodd-Frank, sweep accounts, MCA, etc. Why would they be that ignorant to the terminology? DC – They’ve been told for so long it’s a scam. For years. The fact they don’t know is not surprising. I have an acquaintance in the Dallas area with a tremendous amount of money. His WM knows nothing about this, yet literally one floor above him they are doing exchanges. It’s been intentional. I’d do the same thing if I was running this.

DC – The MCA (Multi-Currency Account) is a specialized product almost exclusively used for business doing int’l business. It’s not normally used for investments. Regarding Dodd-Frank, they should know what this is. T – Bankers don’t care a lot about issues because it’s not part of their day to day business. They get their info from the top down. Everybody doesn’t know everybody’s jobs. We have more knowledge than they do because we’re working at a higher plane. Don’t be mad at them. It’s not their fault they don’t know this stuff. Don’t go in expecting too much from them.

T – They assign your WM based on how much money you have. For example, a $100M account will get the top shelf wealth manager. DC – If you have over $25M you will get a higher level WM than the guy with $5M. There just aren’t a lot of billionaires in the entire world.

RECAP: DC – Everybody across the world is ready to do this. Tests have been done around the world and everybody is waiting on transaction codes. DO NOT CALL THE BANKS. The green light has been given. It could happen in the next minute, next day or several days. Don’t do anything stupid. Everybody should be pretty dang happy. I know I am and Tony is. T – It’s all good. Everything is good. We’re just waiting for the magic hour. Iraq is scheduling announcements today and tomorrow. They’ve said it doesn’t have to wait until Sunday. But you have to decide right now: if the rate comes out at 3.90 what am I going to do? That’s the plan you have to put together right now. Do you run in and take it or wait for a contract rate? Watch Forex? Take that kind of chance? Go to an exchanger & lock in a rate instead then go to the bank? You need to map that out this afternoon. Know what you’re doing when you walk in there. Look impressive when you walk in the door. NOW WOULD BE THE TIME TO DO THAT. Get your hair cut. NOW IS THE TIME to have a list of questions you want addressed when you go in. First impressions only happen one time. Thank-you and I hope to talk to you later today. If not I’m sure we will talk over the weekend. Watch for the tweets! END OF CALL.

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