Wednesday, December 31, 2014
TONY’S CALL – Wednesday, 12/31/14 – Notes by KH (short call)
Rates? $3.58/Dinar, $1.05/Dong or Rupiah, $1.02/Rupiah or Dong, and $0.11/Zimbabwe
GOOD MORNING TNT! [ Use the word: EXCHANGE at the banks, NOT Cash Out !!!!]
This should be the last phone call we have this year. LOL! I expect it to be the last phone call that we do it like this. Might have time to give some strategies for the New Year.
DC: We expect it here on or before the 1st. Iraq and US are geared up for this.
Iraq: They were publishing out numbers, diff. articles in the budget, justification for the RV has been made, and now in process of doing the economic increase. Gazette is publishing this, also on news tonight and tomorrow. Abadi going around to diff. provinces and explaining why this is such a good deal, making this country better, solving corruption, etc. Ministers meeting to wrap up everything. All set and ready to go. All expecting this to go down on or before the 1st.
Shabibi is being acknowledged as the architect behind this.
RI and RV - RI= reinstatement, $3.22 plus some inflation of US dollar going down, pushing it to about $3.58 or so. They are going to call this as an RI. Why? Easy marketing, easier sales job of Iraq reinstating their old currency rates. Makes the political and legal process much more straight forward, making it harder for those trying to delay this, prevents people from doing stupid stuff. This will go about the same time of the budget.
RV: Shabibi always wanted Iraq to have the highest currency in the region. There are two parties on that: 1. Large number of policy makers wanted to get on to the GCC – Gulf Currency Consortium. All the diff. gov’ts in the area would get together with a euro-style currency system, better for trade, etc. If those guys win out, they will try to do something about the $4.00 range. This is Shabibi’s target.
2. Because of the resistance in 2007-2008 with the euro, with so many countries like Greece, being screwed and causing the euro to lose face, they look at this as if it’s dangerous,
Shabibi thinks that Iraq deserves to be at $6.00 – $7.00. This rate could happen in a couple of weeks, to a couple of years. The intent is to pull the speculator money out – like many of us, including DC, who will cash out immediately.
Then the treaties, and other gov’ts can be worked with – to play with the higher rates to entice other political actions in favor of Iraq. CBI (Central Bank of Iraq) has a phenomenal amount of reserves. Or Shabibi can just suck everything off of the market at quickly as possible, by buying everything off of the bottom, so that the rate rises up. It is his strong intent to raise this to the $6.-$7. rate. Most believe that the GCC will not happen, so he wants the higher rates right away.
Tony: Shabibi is going around the country, also talking to the people about the new gov’t, how they need to support the military. ISIS – over 90% already removed and they need the people to support them. The RV will be law when it goes into the Gazette which is Jan 1st. The rate comes out at $3.58, a possibility that there could be a significant doubling of the rate, in a few weeks to a few years – for those who want to speculate more.
Think about 15- 30 days for the high rates. LOL. They have been telling their people to have confidence in them. We could see this go. It could hit Forex in 10-15 days, where it could sky rocket and then go down.
All of that gives us confidence in Iraq to do this, it has been recorded, the votes and actions have been taken. They haven’t printed the Gazette yet, which is traditionally printed by noon.
DC: The Prime Minister has the capability of pushing the Gazette timing around a bit, which he is doing today.
Tony: By waiting until the 11 pm news, almost all transactions today are completed at the old rate. If it is effective after midnight, people will be sleeping while the rate change happens.
We are looking at this after 11 pm but before the business day gets started on Jan. 1st. So this is giving us great confidence in Iraq.
DC: In the US, a bunch of very powerful people are pissed that this hasn’t happened yet. Some were slightly misled. They are highly frustrated with the US.
Everyone is prepared and ready for this to do. They are running skeleton crews now.
Bank Roll Out Plan – Banks will handle customers as they can. We don’t know if Tony and I are going to be doing calls to help in the roll out process. We hope so, to avoid more confusion. If the RV goes tonight/tomorrow, no one is going in until Jan. 2nd. Slow roll out is their intent.
Tony: They could just be taking appointments on the 2nd and 3rd and first coming in on Monday/Tuesday for their appointments.
Tony: We are ready to go except for the people who wanted to close out by the end of the year. They are getting what we have been getting all along.
Will the dong value go down by April, 2015, when my currency purchase will then be over 1 year old? DC: They won’t allow this to go down, after it has just revalued, both Iraq and Vietnam. Your better strategy would be to wait until your long term tax rate is available. I don’t see the rate going very far below the $3.58 for the dinar either.
Puerto Rico? Where to exchange? DC: All foreign banks that access to foreign currency accounts – it will be handled the same way, just an additional currency.
CBI Website change? DC: The CBI will do the last update to their system, update to the Central Bank systems, no one foresees an issue. Once this happens, they expect the website to be updated in a matter of minutes.
Forex: DC: I don’t expect this to be on Forex for a minimum of 10-15 days.
DC: about 85,000 folks have already exchanged, via SKRs and some cash.
Will we still get the contract rate in 2015? Tony: We made an arrangement where we will all get something, at least the $3.58. They were going to exclude us all from exchanging, which we have forced them to change this back then, allowing all to exchange. We have been learning a lot about strategies once the exchange happens, which is a good thing. We’ll get ours, so we’re okay.
DC: Iraq been pushed to and have exceeded everyone’s expectations, so let’s get to work,and not make this about us.
Caller:559- What are the initials for the Zimbabwe currency? DC: I don’t know for sure, maybe ZIM?
DC: Still the banks are doing their own things, and we don’t know if we will be briefed on these banks or not. WFB is still the main bank who will take everyone.
Tony: I am still wanting to do events if I can. I hope to do these a quickly as possible, before you all start spending your money. I want to help with investment advice/info for you at these events.
Caller:718- Does the RI affect the GCR? DC: We understand that the GCR will occur at the same time, which involves the other 4 currencies to adjust too.
Caller:719- DC, when your demise happens, please leave some part of your brain to science because you are so smart!! LOL DC: At Westminster Abbey, Darwin was buried upside down because they didn’t like HIS brain. LOL. And Tony, the other part of you that I want you to leave to science is your nerve! LOL
Will either one of you hold a small amount back to see if it goes up? DC: Not me. Tony: No, I have a different strategy.
I used to work for the gov’t. Why would we take receipts to the bank and not hold them back? DC: Some banks will want you to hold some money back for taxes and they will want to see your receipts to determine which monies should be held back for tax purposes. DC: It’s hard for me to understand why they would do this because diff. folks have different tax ramifications with each family’s % of taxes based on their family, businesses, deductions, etc. Hopefully some of the people will calm down, and it will all work itself out.
C: If you give them 1 million dinar and they give you are receipt for this, showing that your account now has $3,580,000 in your account, that is proof that you deposited this much amount.
C: We have talked to several banks here in Colorado Springs and they say that you might as well go to Wells Fargo to exchange because other banks don’t have the Delarue Machines to prove that the currencies are not counterfeit.
Tony: Tax thing at the bank – clarification? Absolutely in effect? DC: Some banks (each bank will handle their own thing), as part of their requirement, they say that they will take you if you put away your tax money up front, because they expect you to blow through your money too quickly.
Caller:609- DC: The best return on your investment is the ZIM. Iraqi dinar is the safest return. The 2nd Biggest return is the Dong. The entire foundation of this is the Dinar RV. Many years ago they added in these other currencies, which will greatly increase these countries’ value with their great economies expected.
Caller: 403- My friend who exchanged last November, will not contact me anymore, He just sent me a picture of a very expensive car in his driveway! I guess he signed an NDA!!
Story: I opened an account at WFB 2 weeks ago, put in the bare minimum. A young lady asked if we would be putting more in there and I said Yes. She said is it going to be a lot, like $50,000 or more? I smiled and nodded my head. She got a smile on her face and said “it’s going to be quite a bit more?”
DC: Regarding the Russian ruble, I wouldn’t touch it with a 3 foot pole!
Caller:562- There is talk on the blogs of the 7th to the 10th of January for the RV, and you are talking today and tomorrow. Is this for the groups as opposed to the public?
DC: I don’t get on the blogs. It could be some banks anticipate being fully prepared by that time. Maybe that’s what they are hearing. In terms of an RV at that time, I haven’t heard that.
Tony: We are still expecting the RV sometime tonight or tomorrow and people going to the banks on Monday or Tuesday. Still their intention was to get the Internet People (us) first and the rest of the world later.
Caller:405- Is there a limit of how much the banks will exchange, past the contract rate? DC: There is only a limit to the contract rate.
DC: Iraq is ready, quadruple checked everything. Dr. Shababi and his team have knocked it out and are ready. We expect the RV on or before the 1st. The US banks we expect them to be taking appointments on the 2nd and 3rd and going into the banks beginning of next week. I hope everyone has a Happy and Very Prosperous New Year!!!
Pam: Thank you to the mods, the friends in Iraq, Lilly Ann in Holland, Italy, our agency people, our service people fighting for us right now who deserve so much. Thank you everyone!
Ray: Happy New Year everyone!
Tony: All info good. In Iraq they have been telling their people that it is effective on the 1st. The Gazette publishing was delayed today. We are that close and I am looking for a tremendous, tremendous New Year.
Be excited, enjoy your night, be responsible, Take care of your friends.
At New Years, say: HAPPY NEW YEAR – LIFE BEGINS TODAY!!!!!
END OF CALL
Posted by John MacHaffie at 9:01:00 PM