TNT – Wednesday

TONY – Good morning, TNT. Today is Wednesday, February 11, 2015 and today’s call will be an hour & half. Let me say east to west everything is great and on time. The budget is in the Gazette and we should see it in the next 72 hours to make a difference for you. Should be some announcements later today. POTUS is making an announcement today at 3:30 PM. Something from CL this afternoon and something from Abadi today.

DC – I agree. We’re not necessarily looking for a big announcement just important people making important announcements related to the global economy, not the RV.

T – You should be considering your options now, and plan for your new found wealth. We’ve been hearing rumors the dinar will come out at $3+; there may be an option for you to exchange a $25K note while you’re waiting for your appointment; the dong should come out at .08 and whether you should wait to exchange the rest. What strategies would you use, DC?

DC – Here’s the likely scenario we see coming up: over the next 3-5 days it comes out at night (our time). At that period we are supposed to be notified to go in to CE. Because you’re paying attention you’ll be in line first. It looks like it’ll come out in the mid-3’s – 3.41 to 3.95 and the dong coming out at .08. We understand the dong will rise so you can play it several ways. You can invest into more dong, or other currencies, pay your taxes. I’m sure UST isn’t   with me right now but that is a simple option. You can keep the dong you have, and buy more. You have the option to put it into an MCA. The likelihood of it going up is high. They want it at .47, so we don’t know how long that will take.

DC – We’re fairly certain they’ll call it an RI not an RV   and then RV   it later, as short as a week later and as little as .10 increase. But it could double or triple. Like a lot of people you could say this ride was awful and you want out completely.

T – Let’s look at this and pay close attention. This is YOUR future and it’s determined by what you can do in the next 72 hours and afterwards. You could take the 3.41/3.58 and take the money and run. Or cash in a couple notes and wait until the let the masses get their money out and get out of the way, and then take the higher Forex rate – not a contract rate. Wait for it to hit Forex and it’ll be higher. Pay your bills, wait 4-5 days or 5 months, you can do that. We’re not talking about over 30K people doing this.

T – If the dong comes out at .08 I would buy every dong I could because I know that’s not where it should be based on what we’ve learned the past 4-5 years. But we’ve always said take your base currency and put your money to work for you the rest of your life. You’ve heard the numbers over the years and you know where they want it to be. You can call a bank, go get it, or contact an exchanger and place a sell order and buy more. You’re locked in at that rate.

DC – We are not financial advisors or tax advisors. But looking at the scenarios we see this is what we would do.

T – We don’t know what the exchange procedures are. The bank could offer you more at your CE. Before you start buying cars, boats, etc. you MUST be that money to work for you first. I don’t care if only end up with $500,000. There is a positive way to guarantee you an extra $2K per month forever. Those are the things you should look at before you start buying Bentleys.

DC – Put your money to work FIRST and get good tax advice. There are lots you can save when setting up foundations and trusts. Let’s talk about that. Most of the people we hear from have hearts as big as Texas and want to help others. You don’t have to reinvent the wheel. If you’re comfortable with the way people are doing things you can just write a check.

DC – There are gov’t programs not staffed well. But here in Austin there are 3-4 good organizations and they have identified the needs. They are doing a good job already. So I don’t need to start a new foundation when there is one already doing a good job.

T – Also, think about when you want to give it to them. If you get your check on Monday you don’t want to write them a check on Tuesday. Personally, if I want to give a charity $100,000, I’ll put it in an investment strategy first and see how much profit it makes. Then I’ll identify which charities to support over the next 10 months. I’m getting it from my money’s money. Not the base (principle). This gives me a life-long avenue of injecting money into a charity.

DC – Let’s go thru the exchange process for the new guys. We understand it will go in the middle of the night and we will be notified fairly quickly. Most of the USA agencies, banks, politicians, etc. will be notified afterwards. The ramp-up will take several hours if not an entire day. So, for example, if it goes tonight, once we verify it Tony will send out a tweet. We know we’re supposed to be contacted, as well as some other gurus. We’ll do at least one call – either immediately then or up to 8-10 hours later. We’re still told we’ll be doing a call. Some want us involved. Others don’t want us involved at all. We just don’t know what it will be.

DC – Minimally we should be able to do at least one call. Or maybe 1 call each for 4 days. The banks will start exchanging as they ramp up. Banks in major metro areas will be quicker but busier. Big banks will utilize their own foreign currency departments with their own 800#s. We understand it’ll be one appointment per phone call, which will take less than 2 minutes.

DC – At the CE it’ll be a cattle call. It’ll be a quick 20-minute appointment. You’ll need 2 forms of ID. Some banks require 3. They will take your dinar and verify it or count it themselves, with a 3rd  party  there to verify the count. They’ll then bag the currency. and put it in their vault and ship it out later in the day. Some banks will allow you immediate access to the cash or others within 72 hours. If you do sign an NDA it will be 4-6 pages and very simply laid out: just shut up or don’t sign it. This isn’t hard. It you can’t keep quiet don’t sign it. Most banks will try to do get you with a WM within 3 days.

DC – They will put you in different categories: $1M or less is one category; $5-10M, then $10M and above in $5M increments. If you’re in a bigger town it will be a different strategy. Some banks will be offering to negate the 2% fee if you allow them to keep your money there. Or they can bump up the exchange rate. If you do that you can still set up a conservative portfolio to earn you $100,000/year.

DC – They will put you in different categories: $1M or less is one category; $5-10M, then $10M and above in $5M increments. If you’re in a bigger town it will be a different strategy. Some banks will be offering to negate the 2% fee if you allow them to keep your money there. Or they can bump up the exchange rate. If you do that you can still set up a conservative portfolio to earn you $100,000/year.

DC – For those going thru exchangers, they’ll have 800#s and websites to setup appointments. We fully expect them to crash the phone lines and websites. Just my opinion if they get 30,000 calls at one time, or 50,000 page requests on your server. So stay calm if that happens. Remember, most of the people going first are the dinarland folks. Have a little patience. The exchangers will count with their DeLarue machines and wire the funds to you. If you do it this way, you won’t be paying bank fees. When that happens, the sales guys in the bank will contact you when they see a large amount hit your account.

DC – Remember, banking relationships are two-way streets. Many will give you 30 days to get your money out if you’re not partying there. Some banks don’t want to deal with this. Take your time and don’t spend money until you’re making money. Be mature about it and make good decisions. Just wait until you get your head on straight.

DC – Some groups will be activated and allowed to go in as well. Remember, this is mainly an organizing function (groups). Contract rates will be offered to some of the groups and to some individuals. We don’t know how much of the pool is left but we were told this morning there is some left. Some of the contract rates will be as little as 20% over (mid-4’s) and some as high as $28. We’ve heard so many variations it’s hard to tell what’s right and wrong. Some will get high rates and some will get just good rates. Regardless, calm down because you just made 3X your money.

DC – The large part of the world will say “cry me a river” – LOL! It’s not fair but some will get it and others won’t. It’s not realistic to expect that everybody listening will get a contract rate. Get your head straight and adjust to that scenario. All of the exchange people, dealers, bankers, etc. – be patient with them because they were told they couldn’t invest in this thing. They were told it was a scam when it’s not. Be realistic and sensitive to them. You can get more flies with honey than vinegar!

T – That’s what we’ve been telling you guys for the pat 4-5 years. Listen to the recording as much as you want to get it. The good thing is that IT IS IN THE GAZETTE. An Iraqi GOI official just told me he can’t even look at it and he has to wait a couple hours. So we’re looking at it to be available sometimes tomorrow so everybody can see it. If not, they have another date. Iraq may take the option and enjoy the first 24-48 hours and enjoy it themselves first.

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T – That’s what we’ve been telling you guys for the pat 4-5 years. Listen to the recording as much as you want to get it. The good thing is that IT IS IN THE GAZETTE. An Iraqi GOI official just told me he can’t even look at it and he has to wait a couple hours. So we’re looking at it to be available sometimes tomorrow so everybody can see it. If not, they have another date. Iraq may take the option and enjoy the first 24-48 hours and enjoy it themselves first.
DC – It’s 1166 in the budget. So don’t freak out. After that point they’re on a timer because of laws and rules that would be hard not to follow. I expect it’ll come out at 1166 and then change.

T – It could change in 2 minutes or 2 seconds. They don’t want it to come out and then wait days to change, allowing all the hedge fund guys to buy up. It’s going to be harder for the rest of the world to know. The chances of them keeping it from us (Dinarland) is slim. We understand what they’re trying to do. We’ll do our call until somebody calls me and tells me otherwise. We’re just like free agents until we get the package.

T – Yes, we do have confirmationn it is in the Gazette. You may see it tomorrow morning in the Gazette. LeGarde is supposed to speak today. POTUS is supposed to speak at 3:30 PM EST. Abadi is supposed to speak about their economic reforms going forward.

“LIVE” CALL-IN STARTING NOW. C = CALLER

C – Abadi gave a speech in Germany and quoted figures that 5B equals 440M USD. DC – He misspoke and the translation was wrong.

C – Once the banking crisis in Iraq passes, is there anything else to cause a delay for another week or so? DC – They fixed the banking issues and have approached a point where it is good enough. The USA has always wanted a 3-day weekend and it’s expected to occur.

T – It’s posted in the Gazette and the budget is law. The currency is int’l. Even at 1166 don’t you think all the int’l bankers know what is about to happen to the currency? Do you think they would leave that opportunity wide open to create more billionaires and trillionaires? No! If they don’t see something in the next 3-4 days what do you think will happen? DC – I can’t see a scenario where this goes past Monday or Tuesday. T – We’re at the point we’ve been waiting 10 years for.

C – Both DC and Tony had very different words to say about the dong rate of .08. Will there be an end-date to the currencies? DC – It depends. .08 could be a permanent rate for the dong, or it could be a rate to flush out some things during their economic reform. There are a lot of different options. Vietnam would like to be high, but we’ll just have to wait. Forex can have a fixed-rate and that doesn’t mean it’s floating. A lot of currencies get pegged and when they remove those pegs it moves up or down. We believe the .08 will go up very quickly. I’m hedging my bets on the high and low end. I believe there will be a lot of upward and downward movement. You can also take your currency and place it in MCA so you don’t have to physically hold it. Tony thinks the .08 will run up quick.

T – We know what rates have already paid out. As soon as it’s on Forex and can float they’ll push it up. I don’t think they want to take that chance. The longer it’s out there like that the more it gets bought. I don’t think they want to open up that can of worms. Now you’ve convinced everybody who didn’t want to invest to do so and they don’t want that scenario.

C – POTUS spoke about getting authorization for going to war against ISIS. Will that delay the RV? T – No. The RV is over with. We are waiting the next few days. It is in the Gazette, will be made public tomorrow, and then the world will see it. They are going to the next phase, which will be discussed by Abadi this evening. It has nothing to do with the RV. DC – What has happened is we’ve been riding on the same check we wrote in 2001 and 2003. A lot of folks wanted authorization on this particular thing (fighting ISIS). It’s more for budgetary and political reasons. POTUS didn’t have to do this but he is doing so to play nice.

C – Does the Federation Council play a role in the final approval of the RV? DC – They wanted a broader group, more than cabinet ministers with different political tastes. It’s more important to the a larger group onboard. Do they have the ability to stop this? NO!

C -My WM doesn’t know anything about this. Once it happens will they know? DC – Not likely. Only 2-5% of WMs know about this. Those who know about this are under watch. Many will retire after this thing. They plan to increase the amount of WMs who about the dinar a little bit, 5-8%. They won’t send out a memo about the revaluation.

C – Will they assign us a WM? DC – Initially they will let you know about the contract rate on the initial call, whether it’s available. It will be different from bank to bank.

C – Rupiah and Zim rates? DC – Rupiah is still at 1.05 and Zim is at .11.

C – Do you need a separate appointment to exchange Zim? DC -You should be able to exchange all your currency at once.

RECAP: DC – We are just really, really close. All the banking issues in Iraq have been solved. The budget is in the Gazette. Don’t be surprise if it comes out at 1166. It will kick off and move quickly. It could take 4-5 days to push out. We’re looking at it at night. We will have lots of ramp-up time and will have to have some patience with the banks. T – Check out the Forum for really good info about your security, etc. There is info there about trusts and foundations as well. We told you it’s in the Gazette. We should see it tomorrow morning to see it ourself. Sometime between now and Saturday we should go live. We mentioned 1166 because the rule says it has to go int’l –> RI –>RV  in a matter of seconds. Don’t freak out if you see that. If that happens I don’t expect it before Friday evening. This has been a great day and I expect the next several to be as well. The next call on Friday should be the call we’ve been waiting for. END OF CALL.

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