TONY - Good afternoon, TNT.
it's Monday, August 11, 2014. Today's is going to be a little different.
Actually, we're going to give as much as we can. We want to give you a true
vision of it. I got requests this weekend to send out a tweet but I didn't want
to be accused of messing things up. So I left it alone. It is a great day
and going to be a great day. This morning we were asked to not mess this
up, don't do anything stupid and be careful what you say. So we're going to
absolutely do that.
T - When we left on Friday
we were expecting life-changing moments. What happened?
DC - In the Mosque, on TV, radio, etc. everything said they'd
announce the PM on Sunday. Even Obama got on
the news Thursday night and Saturday addressing the situation in Iraq. He
said they'd appoint their PM in a few days. Everything was going fine,
until Mailiki had tanks roll through the streets - special forces - as a show
of intimidation as well as to show he'd take over if something happened bad.
There were some skirmishes and his guards died.
DC - The
key personnel were "hunkered down" in all the right spots to be
protected.
T - On the last call we said certain people
were being guarded but they hoped he wouldn't be this dumb. So this didn't take
anybody by surprise. They were well-prepared.
DC - They were highly concerned about him not
going peacefully. That thru off the PM schedule and the rest of the world
said to Pres. Masoum to get it done.
DC - They
said it (the problem) will go away if the world knows who the new boss is. So
this morning they made it official, published it in the Gazette - made it
official, that Abadi is the new PM. They have a judiciary ruling so it's unlikely
changes will be made. Plus, his most loyal followers wanted out and said they
wouldn't stand with Maliki anymore. It gave legitimacy to the new PM.
T - The US Admin already
made it clear they would back the new president before Sunday. So we knew
who the new PM was. Because Iraq is so vital the entire world is taking a
strong interest in this. They needed a cabinet member with strong Sunni backing
because they felt left out by Maliki. All 3 candidates were good and all agreed
a strong Sunni and Kurd presence was needed. Abadi has good reps and
connections with all the sects and this will have a very calming affect
throughout the country.
DC - When
Maliki directed tanks into Baghdad, some people thought it may have been ISIS
coming in. A lot of military leaders knew what was going on, some who were
loyal to Mailki. So, people with personal relationships, to the US
military, friends, etc. are saying they won't put up with anymore Saddaam
Hussein antics so they need to back off. What is important to know is
that some of his staunchest supporters backed off when he started the tank roll
into the city.
T - This is the real
world. Some people were offered money. Some were offered to be put in that deck
of cards from years ago. Some were actually killed in the firefight. We looked
at all the new from around the world and we keep seeing "Iraqi
crisis" but it's going from crisis to Christmas.
DC - Bottom
line is that once that all got done legitimately and published in the
Gazette, plus put on the news locally and around the world and the new
PM stated they'd have an inclusive gov't. His cabinet members are almost
nearly formed. The CB said "we're good, let's go" and they're
ready with a timeline, which we were asked not to share. The rest of the
world is saying "let's go." That's what is occurring right now.
We can't get into the exact timeline of the rollout. But the key part is
done.
T - All the news over the
weekend is something we had to go through. We were well-prepared for it. Now at
this point it's changing their perspective over there. The military is
getting paid with the new rate today. Money speaks volumes over there -
cash money! Either take the money or get your face put in the deck of cards.
They're making it known throughout the country they're doing something
different today. They
are re-establishing who's in charge now. This will be a fast process.
DC - If
you remember last year they had riots because of all the promises they made
they couldn't keep. They started paying over 7 different groups. People are
starving, it's 125 degrees, no water, no electricity, etc. so they started
paying everybody and that calmed them down.
T - Officially they're
telling them today is a day of change. The US is now backing them, along
with the Brits and NATO. Over the weekend, on Saturday, Maliki moved stuff
out of his office and started burning documents. Then on
Sunday he changed his mind. But things are not as bad as it is portrayed to be.
It may sound bad but it is right where we need it to be. It can't go on
forever.
DC - The US Security Council is jubilant. The IMF is coordinating timelines and rollout schedules,
meeting with banks. Banks are ready, the Fed, UST, Homeland Security, etc. now
are meeting. I know of 5-6 meetings nationally and worldwide to prepare
on the schedule. Are there people who want to delay this further? Yes, it
will be that way until it's done. But now that Iraq is a legitimate gov't
the momentum is key now that they have a PM. There is wonderful momentum
pushing forward now. Can they delay it a few hours? Yes, but I'm not
worried about it.
T - So, let's answer some
questions. We can't go into a lot of detail because we've been asked not to.
DC - I
never believed that we could be used as a delay but high-up people told us we
were. The nice part is we're trying to do good things. We will comply and not
cause any problems.
Q&A begins: ( Again, I
will not transcribe "pay it forward"comments. Looking for news and
intel...)
[Bank story about how WF is
denying they're involved with the dinar]
T - Why would consistently
put out the same denial? Because it has not happened. They can't control it and
it hasn't happened so they are not going to put themselves out there. What if
what happened over the weekend blew up? When Kuwait RV'd their
currency after the war all the foreigners got rich and walked off their jobs.
If WF had told their employees about this, the day we RV they all would walk
off the job. We understand why they're not telling them.
C - The lady I talked to in
the main foreign currency department at WF disputes that call centers and
exchange centers were being called in to be ready.
T - As God is my witness I
know they have. I know the employees on the teams. I understand her telling you
that.
DC -
I knew where a team was going to report too and I went to where I knew it would
happen and at 4 am they all showed up. I did this consistently. We have talked
to quite a few folks who are involved in this. Sometimes we have 13 different
people telling us the exact same story from banks across the country. I'm not
just that good to make up this stuff.
C - I still have to believe
her when she says they have never been involved in selling the dinar.
T - Most banks have stopped
selling it lately. I have a receipt right here from a bank purchase. It's
going to be this way until they make the announcement. And there are going to
be a lot of mad bank personnel.
DC - You
need to Google this: Bank of Ireland sold their currency department to WF in
'08 or '09. At that time they had $6B in dinar right there. It's public
knowledge. They knew what was going on.
C - When we go to the bank
will they have all the rates available?
T - We don't know yet. We
don't have the package yet. They have to do something to talk to the general
public. They have to have a plan to get the info out to the masses.
C - Have they officially
sworn in the new PM?
T - It's in the Gazette and is being
shown on CNN and in the US news. We got it from other countries before we heard
it here. Yes, it's official.
C - Are there any other
obstacles that could delay the process?
DC - There
are people who believe this should be delayed. We've always known this. But
they are being managed extremely well now in a positive way. Not
everyone will be holding hands as we skip across the finish line. But the vast
majority of folks are on board.
C - What about political
appointees?
T - There are 3 left to be
filled but they shouldn't hold this up.
C - My family is nagging me.
T - When people call you to
nag you, they are not doing their own research to understand this. When knew
on Friday, when it was to go on Sunday. If we had told you this, we'd
have heard, "wrong again. You don't know what you're talking
about." Peeps don't understand they decided to have another meeting.
People that aren't listening aren't going to understand. When they won't take
the time to listen to a call, read up, study history, they just miss out.
DC - I'm
going through the same darn thing in my house. Everybody is frustrated with
these delays. There are so moving parts and it changes so fast. It's difficult
to describe to this to people.
T - I don't go through
that at my house. My wife just says "yeah, yeah, yeah." LOL!
C - So, we're just waiting
for papers to be signed?
T - No, everything's been signed.
The announcement has been made.
C - How soon do you think
Maliki will be dealt with?
DC - It's
occurring as we speak and they're over halfway there. The majority is done, per
some texts I'm getting now. I think today, tonight, by in the morning this will
be over. Some involved didn't know they were involved in a coup.
T - You have to realize
that by this morning they
are missing some people.
C - So, the UST, WF, etc. all
want this to happen. It
seems the only group left who doesn't want it to happen is the Admin.
T - I won't answer that question.
C - If there was one question
to ask DC what would it be?
T - I wouldn't ask him
anything. It's just a matter of time. We crossed the biggest issue when we saw it on CNN this
morning and knew it's now known internationally.
C - Is WF 2 days ahead of the
other banks for when we call for our 800 appointment?
DC - They
are all queuing up right now. There are meetings going on now since 10AM
this morning now that the PM was announced. Our understanding is there will be
very little variance between banks. You will be able to choose your bank.
Everybody will have to be very flexible because they've changed the rollout
procedures - 3 times since last week. They want everybody to be calm and move
through the line as smoothly as possible.
C - I don't understand trusts
and can't talk to an attorney yet. When we go to the bank and find there's a
cap, I don't understand how that would work.
DC - First
and foremost, figure out who's the best trust attorney in your area (in the
same state). Ask an attorney who they'd use to draw up their own trust docs.
They can help you with putting money into trusts. We understand that the
contract will have a very limited timeline.
T - She wants to know how to
work around any caps on how much you can exchange.
DC - We're going to stay away from that topic.
T - There are some
work-arounds. Check the forum.
C - I want to use a different
currency to payoff my reserves. Can I still get a contract rate for those
reserves?
T - There is a plan for getting
contract rates on reserves.
C - About a month ago Forex
was making contracts available at a certain rate. Did that take place?
DC - It's
best not to touch that.
C - One of the blogs
indicated that some private groups had exchanged.
T - We can't answer that.
C - So, we're just waiting
for papers to be signed?
T - No, everything's been signed.
The announcement has been made.
C - I've been listening to a
lot people talking and talking and not asking a question. My question is it
possible for anyone here in the US to use family/friends abroad to exchange for
them? They've already given it to them.
DC - On the normal street rate, no, it's very straight-forward. It's a non-event. Shouldn't be an
issue and almost every country should have it, tho not immediately. As long as
they handle foreign currency it should be fine. The rate of exchange will be
fixed on the USD.
DC - On
the normal street rate, yes, it's very straight-forward.....
11:54 AM [lurker]
DC -
In other countries the rates will be different and they will have to pay those
countries' taxes, too.
C - I've researched the ZIM
and found it's not legal tender right now. Zimbabwe is using the USD and
British pound.
T - The dinar is not legal
tender right now either. Africa is the new frontier, there is so much hidden
wealth.
DC - The
legal tender issue is that if you're traveling there you can use that currency
there. It's legal tender in their country. I'm a huge fan of Africa and have
enjoyed the incredibly diverse Northern Arabian countries, to the Sahara, to
the coastal regions. It is the least developed of all the continents. A
lot of humanitarian and business development will occur there. I already own a
business in Africa and think there is a lot of potential there.
C - Do they really use those
high denominations in Africa?
T - The 50T and 100T are their
notes.
DC - Inflation
was nuts over there. Lot of them use USD.
DC - Well
guys. Thanks for sharing your Pay-It-Forward ideas. Your personal
convictions are dear to me. We do this as volunteers and want to keep that
giving mindset foremost. Everyone should have your plan together, including
future income security. Spend time on that first. In summary: everything in
Iraq is wonderful. The PM drama has subsided in the past 2 hours, per texts
I've been getting. It's becoming more secure and stable by the minute.
The new PM has triggered events and we are all extremely optimistic that the
timeline is close.
T - We expected great things
over the weekend and we were almost there. But it's been overcome and it's full-steam ahead now.
I don't expect it to take a long time but I don't expect it to happen in the
next hour either. It still could be a tremendous week, month for us.
We're in a good place. In reality it's closer here than anything else.
The sky isn't falling. All you see on TV isn't happening either. They are
5-6 hours behind. Everything we're hearing now is good stuff. I'm
hoping this was our last call in this manner and the next one is the one you've
been waiting for. If something really good or bad happens I will send out a
tweet. Enjoy the rest of your day. END OF CALL.
