Tony’s Conference Call on
Monday, April 21, 2014
Tony: Good morning, TNT. Man,
we are glad to be here with you guys today. Today is April the 21st, it’s
another great day. Let me take everybody off hold so they can hear me instead
of music. And now we’re ready to go. So, they missed that first part, DC,
because the guys on this side were still on hold listening to music, but the
other side heard it. They’ll know. Unfortunately these are the guys that ask
the questions though, so they didn’t hear it. Anyway, we’ll go on.
Okay, guys, it’s a great day,
it’s a Monday. Hope everybody enjoyed their Easter, I surely enjoyed mine. I
did send out a tweet saying it was a super fantastic weekend, it was a great
weekend. We in fact did know things that other people didn’t know, feel good
about the weekend, this week. Those things have simply progressed to a great
point in our life, where we’re at. Negotiations were going on and somehow
people came to the table, maybe it was a Sunday thing, Monday thing, I don’t
know because everybody decided to play nice and say, “Let’s go on because we
got other things we could be doing in our life.” So, this call is going to be
real simple. You know what? I’m going to let you guys ask the questions, I’m
going to try to give out the best answer that we can. I did tell DC that you
guys can ask him anything, so I’m restricted with what I say but you can ask
him anything! [laughter]
All right? So… but, man, I’m
happy. I’m ecstatic. I think you guys should be. We did know… and I got some
texts and calls that someone had put out some things that you guys should be
concerned about, worried about, fearful. You know, there is a couple of things
that are going on and people are mixing apples and oranges and not because they
want to but because they don’t know any better, because they’re not getting the
full definition of each conversation and meeting and they’re piecing it
together and causing some of you to panic when there is absolutely no reason to
panic anywhere that I can see. So, we’ll go with some notifications that people
expect to see today or want to see with the exchangers, banks, that kind of
thing. I don’t want to say that people just purposely put it out there as fear.
I want to say they don’t understand the reason that they would be doing what
they were doing. And if they did, they would have put it out there with
excitement and not fear. Is that fair to say, DC?
DC: I think that’s a great
way to put that, a great way.
T: Okay. There we go. We’ll
see if the question will come up. Do you want to make a statement before we get
started?
DC: Sure. Guys, we are really
close, life looks incredibly good. And they are really… everybody is extremely
excited. A lot of people are on lockdown all over the world and that is a very
good thing for us.
T: So, I’m going to say one
more thing before we get into it because it’s a great analogy, everybody
understands it. We’ve been in and on the half inch line. WE’ve been at a
prolonged time out, trying to decide the best run. We’re coming in from the
sideline, we’re in the huddle, and what’s next? Just run the play, right?
DC: That’s it.
T: Okay. Just want to put
that out there. All right here we go.
732 caller: I’m here, Tony.
T: How are you this morning?
C: I was hoping to be super
extra fantastic today. With all the good the good info coming in, I thought I
would be in line at the bank today.
T: The day is not over.
C: I don’t know, Tony. I’ve
been listening to you faithfully for a while now, I just don’t know. Remember
when I told you – when the politician is lying? When his lips are moving. You
might remember from last week. (T: I remember that.) And you chuckled. So,
everything is all set and ready to go… I think they’re playing us. As Thomas
Jefferson once said, the government should be aware of what the people can do,
not what the government can do. I think they’re playing us.
T: We are the people. It’s us
against the world. I don’t. But, this is what I said so you guys can hear, I
said you can ask DC anything you want today, not me. [laughter]
C: I’m frustrated to the
level where they’re playing us, DC. I got a feeling they’re playing us.
DC: I would say…depends on
your definition of “play.” I honestly… for the most part, if we play nice and
don’t do anything stupid, then we’re not really in their sphere of what they
think about on a daily basis. Are they purposely doing it to do something to
you? No. What they’re highly worried about are stupid actions by folks and
causing issues that ended up coming on the radar. In the grand scheme of thing
we’re not that important in this thing as we’ve talked about so many times
before. When we did “we the people,” that was very much of help. A lot of
wrongs are righted, a lot of things cleaned up, which is nice. But now, we’ve
gone back on their backburner while they’re figuring out other issues. So, you
know, is it fun to be in this seat? No. Is there a much better place than we
have been in the past? Absolutely. And I think we will be treated fair.
T: Not only being treated
fair -- because we don’t see anything that’s not – we’re not that important
anymore in the decision-making because it’s done, but we are in the roll-out,
and that’s what’s being worked, I think, okay? How to best do it so you can
have an enjoyable experience and for all of us, I think.
C: Basically, we’re on a wait
mode, to sit and wait until they decide to roll it out.
DC: Pretty much.
T: Yeah, it’s a good thing.
C: Is it in Christine
Lagarde’s hands, DC?
DC: Actually, we’ve moved beyond
that stage now.
T: Okay, gotta go. He got too
close. All right. [laughter]
903 caller: Hey, Tony. I was
reading on Dinar Guru that Gen64 group already cashed in, is that correct?
T: Not that I know of.
DC: Never heard of it.
C: So, I thought today was
going to be a super fantastic day.
T: It is a super fantastic
day. (DC: It is.) It was a super fantastic weekend. I mean, a lot of things got
accomplished that you guys might not know until Thursday or Friday, or like I
told you on the last call, history will tell you. It was. And today is not
over, guys, we’re early in the morning. It’s Monday on this week. We’ll
definitely see something in this week. So, don’t… There’s no reason -- I’m
going to say this – for anybody to be negative at this moment. Is that right,
DC? Is there any reason?
DC: No. Everybody should be
pretty happy, very, very happy where we’re at. Everybody should work on their
10 steps and their progress on how they’re going to handle themselves and
research about investment and things, and maybe even dream a little about the
car or house or something like that. But, definitely should be in a very, very
happy mood.
T: Okay.
C: I’ve been in this since
2010, but it just seems like they’re just holding out, holding out, and holding
out.
T: Well, I’ve been in this
since 2010, as some others people have, some since 2001, and they’re all
feeling the same thing. But one thing about it is we know sooner and later it’s
going to end. It’s not like it can go on forever. We know all the other things
that have been discussed – WTO, the political situation over there, the passing
of the budget, the GOI, all the things we’re seeing. We know that they told
their people April the 1st this thing would be done. We know they came back and
told them the 14th it would be done, we know the elections are going on at this
moment, how critical it is at this moment. I mean, we put all the pieces
together, it’s only very few steps that can be taken till the end. Even if we
said if it was 4, or 1 or 2, you got to know by now this is where we’re really
at. I mean, there are too many things are happening around the currency, the
currency reform. I mean, the DFI funds have been released. There are too many
positive things for you guys to be concerned that this could go on forever when
it clearly can’t.
C: Well, you know, back in
November last year, everything was being said, it’s a done deal, we’ll have it
for Christmas. Now, it’s almost May and we’re still waiting. You know, it seems
like they would … if they meant for it to happen that they would give it.
T: Again, you guys should
follow the calls. We’ve explained November through April so many times, of what
things were going on, why it didn’t happen, changes were made, over and over
again what brought us here today. We’ve explained as April the 1st didn’t
happen, what was done was for our best interest as a country, as an economy,
and looking out for our future. So, we’re telling you guys all along the way
what was changing, who was changing it, and how it benefitted us as a nation, a
country, and a globe for our economy, not as dinarians who just want their
money right now. This is bigger than us. We weren’t supposed to be in it, and
the part that did affect us directly that we could affect, we did that. So, you
should be in a good spot today.
C: Well, I know that we were
not supposed to be in it. I know it was for the money men, the Senate and the
House and all of them, and they were going to leave the little man out, but
they caught with their britches down. I know every time I go to the gas pump or
I go to the grocery store, I see the big increase in everything and I know
somebody is making money and I know it’s the big people. And there are so many
of us little ones out here that’s been drafting (???), been keep pulling the
straw thinking we’re going to get the little straws, the little straw is
supposed to be the winner. But, it’s like somebody put those big straws in
there and taking the little straws out. [laughter]
T: I understand. I understand
your frustration, I really do. And that’s why we’re here telling you today, we
think all that’s in the past. DC just clearly tell you when we were starting
the call with the last guy… well, actually I saved him. He was in mid sentence.
[laughter]
DC: I was going no further.
T: That’s right. Anyway…
that’s it. we’re in a good place, okay?
C: We appreciate what you’re
doing. Just our faith is in our government is getting thin and thin and thin.
T: I understand. Thank you,
sir. 925, good morning.
925 caller: Say super duper
fantastic if you hear me.
T: Super duper fantastic.
C: Oh my gosh. I can’t
believe this. [laughter] I’ve been here before and when you called 925, I
started talking and I realized it wasn’t me. Thank you, thank you. [expressing
appreciation] I have a couple of yes-no question. Are we still supposed to have
gone in and open an account at some of these banks already or is that something
we can wait for now because of all the confusion?
T: Well, they prefer you have
the account open so it’s something they don’t have to do, so it doesn’t take up
the time.
C: So, do we have the time to
do that, do you think, from the time we get the number to the time of our
appointment to do that? Or should we go right now and open accounts if we haven’t
already opened them in?
T: I prefer to be ready than
have to get ready.
C: At one point recently you
said you can make two calls if the money is in your partner’s name, if the
money is just in my name, my partner can just come me to the bank and sign
anything and all that, right? I don’t have to put anything in both our names?
T: You said you bought it
together?
C: No, I bought it on my…
from my checks and such, but it’s ours since we live in California everything
we have is shared. I’m assuming…
T: Then, yeah. Go ahead
together, it’s a joint account.
C: Excellent. Well, actually
the account isn’t exactly joint.
T: Well, it will be if both
of you signed it.
C: Okay. And then, non
contract currency exchange at banks. Like, if we go in a just take the
international rate, or taking an international rate on some of our dinar and
dong, would that still have clauses as to what we can use and can’t use the
money for in the future? I’m thinking specifically regarding what you said we
cannot invest in any currency in the future, things you can’t do. Is that only
the contract rate?
T: Well, this is where we
need to put the statement out, first of all. Everything we’re giving right up
to this is our opinion. We’re not giving legal advice or financial advice.
Okay? Now, DC, answer the question. [laughter]
DC: Nice.
C: How many buses do you
have, Tony, that you throw people under?
DC: I’m finding out. How
many, I don’t know, but it’s a lot. Hope you’re doing well today. The bottom
line is, how and who will be able to invest in future currency – it’s still up
in the air. We don’t know if it’s going to be an accredited investor, which
normally means you have over a million or segment over ten million dollars.
Those are being dealt with right now. I don’t believe they have a straight
answer on those. Because what they don’t want to do is have yet another
couple of million people invest in currency xyz and make a gazillion dollars
again. It’s definitely has gotten out of hand due to the time they’ve taken due
to the fact that a lot of these very senior folks from both political parties
who said, “This isn’t right for us senior political parties to profit from this
without the normal folks,” so they started leaking information to different
folks to get the information out. They do not want this to happen again like
this. It’s been an absolute nightmare for them and they want to change the
rules.
So, where they end up
changing that is unknown. The one rule that they’re very much strongly in favor
of right now is going to accredited investors only at minimum investable
amount, either at least a million dollars or at least ten million dollars is
what they’re thinking right now. The rules will get modified and changed here
right after it goes around and then they will continue to modify and change
those rules because they can, be it the FCC or Commodity Future CFTC, or
whether it’d be the Treasury guys. They can modify and change the rules based
on their own belief and their typical procedures. My point of rambling on is to
give you that a lot of it is not solved, there is no one agency that has put it
in black and white yet. Everything is kind of up in the air.
C: You had mentioned, DC,
earlier that some countries are in lockdown and I’ve noticed that the CBI sites
have changed, a number of countries no longer have an exchange value for this
IQD. Is this what you were referring to as part of it?
DC: I think it’s a very
interesting observation. [laughter]
C: Thank you very much,
sir. I guess I’m supposed to move on from here.
DC: I think it would be a
very good idea, but I think you nailed it on the head about something.
C: Sometimes ago, I thought
there was something mentioned that at least the clawback is going to go through
for people that were called up to go and purchase dinar quickly and go cash it
in or is that all just muddled…
DC: There have been… An
equitable arrangement has been made. Most of the wrongs that we were
complaining about and the Twitter campaign made a huge difference in righting
those wrongs. Almost all of the wrongs were righted. Some weren’t, maybe we’ll
have to live with some, some of the things we think were wrong, but frankly
we’re going to take the win.
C: Awesome. Thank you.
601 caller: How are you
doing?
T: I’m super fantastic.
C: I just want to give much
love to you, DC, Pam, the mods, Ray. [expressing appreciation...chitchat]
T: You know, the one thing he
did say as far as this goes, if you had taken this money and you invested it
somewhere in a company -- I don’t care if it’s Facebook, Microsoft, Twitter,
whatever it is – you’re just an investor. You don’t get to hear what’s going on
at the board meeting every day. You don’t get to make any of the decisions.
Everything is not about you, you’re an investor, you’re looking for your
dividends, your returns on your money while they’re looking to build their
brand, their company, and they don’t make their decisions based on, “I wonder
what our investors are going to say? I wonder what they’re gonna do?” So that’s
not reality. Not only that, they do that at these Fortune 500 companies and you
will never have the opportunity to make the money that you will make today. So,
when in fact this is a global, global opportunity, experience, and investment
-- 200 countries are involved in. Why do we have to think every details are
about us or every decision about us doing every day? That’s really not it. When
we in fact came back to you guys and told you some things that have been
holding this up, changes that have occurred, are not about the 5 million people
that are holding dinar but the 350 million people who don’t have dinar. That’s
what the key decisions have been about because you don’t know them all, or some
people don’t understand them all, would rather just hear, “Obama stopped it,
Obama stopped, Obama stopped it,” or “The US is holding it up.”
It’s not like they’re holding
it up because, “Can you back up that truck and unload all that gold in my
garage or can you bury that somewhere in my backyard so I can keep it for
myself?” If that’s what’s going on, this would be a totally different
situation. People would be reacting totally different. So, I think it’s time
people should be more trust in and thoughts into when they hearing that. Or, as
DC was alluding to earlier, you’re just gonna say, “I just don’t care. I’m
where I’m at, it doesn’t matter.” Anyway, DC?
DC: I thought that was great.
It’s a good picture – it’s not all about us. We’re just a minor player in
here who are able to reap some amazing rewards out of this. I think we all need
to sit back and be grateful that we have that capability. I know there have
been some issues. I know there have been some junk that we didn’t want to deal
with – God knows I didn’t want to deal with it either – but, we are where we
are and this is a wonderful place where we’re at, so everybody just sit back
and smile.
T: Yeah. We’re in a great
place today.
347 caller: Was there an RV
for the Admiral group over the weekend?
T: I don’t know if there was
an RV for any group over the weekend.
C: I mean, private exchange.
Correction, private exchange for the Admiral group.
T: For the Admiral’s group?
(C: Yeah.) I probably got 5 calls on that. Saturday morning, he went in – nope.
Saturday night he went in – nope. Sunday… You know, Admiral has gone in and got
paid a thousand times already. So…
C: Now, I heard about the DFI
funds, it’s only released because the dinar being RV and that happened abruptly
two weeks ago. So, what is the last step? Like you said, their country is going
through the election, everything is release, why are we still here?
T: Is this Jamaica?
C: It’s not. It’s not
Jamaica.
T: Oh, okay. You sound like…
(C: This is another Tony.) This is another Tony. All right, why are we still
here? Let me see. The RV already happened, the rate has to change, they
released the DFI funds, the only thing we’ve been saying lately – we’re waiting
for it, the announcement, international. We know there was a discussion,
negotiation about our rate, about the decline of the dollar, about the length
of it and how fast it would happen. I tell you guys last time there were things
going on related to our economy, that’s why we’re still here, to make sure
those numbers come out favorably. I’ve explained that right now with the IMF,
what was going on with the 15% -- 17 versus 15 – there was a veto and we didn’t
do that, and the IMF has come up with 5 mini IMFs which would cause the decline
of the dollar. So, we had to fight for a higher rate now knowing the effect
that would have on that, our economy and all that. That’s why we’re still here
until those matters were settled, which were bigger than you and me getting our
money and us running to the bank. Now we tell you they’ve come to an agreement
with that.
C: When we get the 1-800
number, that’s the only thing that’s keeping us, that 30-day window – is that
off the table, is there a time period where we have to get in, get out, or
what’s going on?
T: DC, what’s going on? They
still have 30 days to complete the exchange once we get the 800#?
DC: Our understanding is,
one, we’re not going to need that much time. We’re talking they’ll get most
people done in the first week, maybe 10 days. They’ll get all that done. The
rule they have the 30-day notice, my understanding is they have taken off the
table for now, but there will be a longer period of time where they’ll accept
that, the terms are like 6 months or a year. That’s very much on the table
right now. So, there shouldn’t be an issue for anybody listening to this call
or any of their relatives.
C: About the reserves. So,
say it happens today, I called in and I’m locking in a rate: is my reserve
locked in at the same rate or whatever rate that’s going to be when I receive
my reserve to go to the bank.
DC: Whenever that money is
credited to that transaction, right? So let’s say, let’s pick on Sterling
because that’s who we’ve been talking about in the past. They have a couple of
scenarios where they have timelines associated with that. Let’s say it’s 5:00
for argument’s sake, that means if you get everything done today before 5:00
then you’re fine, you’re locked in for that period of time. I understand from
talking to Tony and Frank many times, they’re going to honor all those things
on there. If you were a person who will then kind of playing the “gotcha game,”
who will be just putting in 10,000 orders and hoping one day when it rises and
catches it in between that, they’re going to notice that. They’re going to say
that you’re trying to game the system, and you’re out. If you look at the
explanation, it says that if you’re trying to game the system, we don’t have to
honor that.
T: You’re talking about
relative to your reserves and exchanging it at the bank or you’re talking about
whether your reserves are still going to be honored? (C: At the bank.) Okay,
so, today, I’m still going to let DC answer it though. I’m going to use your
same scenario. 5:00, you go and exchange and the rate is $3.02 – which we know
is not the rate, but anyway – he wants to know what happens to his reserves.
DC: Bottom line is you will
pay off the reserves and be able to exchange those in. It’s going to be very
straightforward, like we’ve talked about before. It’s going to be … if you
locked in before that time, you will be fine. It all depends when you lock that
thing in, before or after the RV.
T: This is what we’re
hearing. If you go in, the bank has a process right now, which they haven’t
announced. But, they do have a process to work with you with your reserves. So,
when we get the 800#, we make the announcement, we will be able to tell you the
process.
704 caller: [chitchat] I have
a form that said we need to put our funds in a non-interest bearing account. Is
that still necessary since the tax season is over for now?
T: You know, a year ago, two
years ago we were hearing… as a matter of fact, I have banking people who said
“this is where you need to put your money” just because of the changes that are
going to be occurring in the economy and everything. They said, “you just let
it sit over there because they can’t affect it like they do everyday accounts,”
like checking accounts, saving accounts. If it’s non-interest bearing, it’s
sitting there in a safety zone. So, everybody has to make the decision on their
own whether or not that’s what they want to do.
C: Is the Zimbabwe currency
considered at all at this point?
T: That’s a DC question.
[laughter]
DC: It’s our understanding
that it’s the same basket that’s going through there. Everything that was
agreed before are going to be there. Now, there may be some last minute
changes, that’s always an option as well as there may be a few … that we’ve
talked about.
C: Let me get what you’re
saying – is it or is it not?
T: She said, “forget all that
other stuff. It’s yes or no?” [laughter]
C: Yes or no. Yeah, you sound
like a politician. [laughter]
DC: Right now, our position
is yes.
T: I gotta tell you guys,
you’re actually truly blessed because I wasn’t going to say that. That’s why DC
is here – he’s authorized to say that. I’m messing with him. [laughter]
865 caller: The public
release of the RV, does that need to happen before the end of election in Iraq
based on the agreements that have been made?
T: Oh, that’s a good
question. Okay DC.
DC: Let’s talk about needs
and wants. So, if we want the current power structure that’s in place, and
we’ve talked about that – it’s really important whether you like Maliki,
whoever you like, it’s really important for us for the US, as well as the
world, when they revalued that the people they cut the deal with are indeed the
people in power, right? Say, if I came in there new, “Wait a minute, I don’t
like this clause, I don’t like this guy here, I want a new one.” So, everyone
understands the gravity of the situation in terms of it needs to get done while
the politicians they made the deal are in place, whether you like him or not,
everybody accepts that. So, therefore, if one just take the next step from
that, yeah, it’s important to get this done before the elections, just in case
there are changes. And, also, a lot of these politicians, that’s kind of their
winning strategy, “Hey, I got you the revaluation.” They don’t really have that
many positive traits going for them. They may not have any! But, they are very
much in. It is extremely important for these politicians that the revaluation
happens before the elections. Remember, the elections are already in process.
C: Correct, but April 30th,
does it not come to a conclusion?
DC: That’s basically it. If
the tide is already switch to another… to another category… switch tide is
going against them, it’s going to be hell to change this late in the game.
T: Let me put this in there
real quick, DC. Over there, it’s not like they’re choosing a guy or this guy –
they’re choosing a party. And that part is already going on, and the momentum
is going and they can’t wait for the last day and say, “all right, now
everybody go and vote for the prime minister.” It doesn’t work that way. So,
maybe you’ll want to explain some of that, DC.
DC: Sure. So, the core of it
is Iraq is a parliamentary democracy, like a lot of the countries are, where
the head of the party becomes the prime minister. How they do it is they do it
region by region or a town by town election. They said, “Okay, the Dollar party
runs against… wins in this particular part of the green zone, Falluja, the ***
party wins in these particular regions.” So, basically, it’s kind of builds in
terms of which regions and which segments end up with it. It’s like the US in
terms of when it comes to the people with the most amount of votes didn’t get
to make the decisions. So, therefore, there technically are many, many parties.
3-4 parties will end up having enough votes to where they can all talk about it
and discuss about it, “Hey, we end up with the most votes, let’s agree to do …
we’ll work on this platforms, and we’ll work on these issues seriously and
we’ll let your guy be the finance minister and let my guy be the prime
minister.” So, it’s very much in a rolling scenario. That scenario is already
occurring right now, so they’re very desperate to get this thing done
yesterday.
C: A previous caller has
asked about is it in the hands of Christine Lagarde and I thought I heard the
answer “we’re beyond that” and then it kind of went a little garble on my end,
so if I may continue with that. Is that saying that now it’s in the hands of
the UST to say to the banks to go for it and do we have assurances that the
banks aren’t going to do the same kind of gamesmanship that they did in prior
times when it was in the banks’ hands?
DC: I did say that but … that
wasn’t anything I shouldn’t have said but I need to stop saying it.
C: So, it wasn’t garbled on
my line, it was sort of the fact that you purposely fell off the line or my
line going blank?
T: It was garbled by design.
DC: We can say in general
terms, not specific to today anything else, but we know that the banks are very
well rehearsed; they’re immensely prepared. The UST is immensely prepared;
everybody has got their act together. Anybody who has glitches and blips and
whatnot have very much been addressed to where they’re running in very smooth
oiled machine once this goes on.
C: Super. On going to the
bank, before we have our actual appointment, we can take up to 25K note and is
that per bank per person or is that 25K note, period, by a person?
DC: We’re supposed to say 25K
note per person.
T: Regardless. Yes, it’s one
bank. It’s going in the system, they are going to track it.
C: That’s what I want to be
sure of. It’s not like we can go to 4 banks, have a 100K. Just 25K period.
DC/T: Correct.
