TNT call notes 19-Sept-2014
The call started with the
country song God Bless Texas. [giggles and chitchat] Pam says this
will be the last time we hear this song. Texans all love her now!
Tony: Good morning,
TNT! It is Friday, September 19, 2014. We never imagined we would
still be here, but here we are. Today we’re going to do this a little bit
differently. There is some updated information and we’ll talk about the
holdup as we see it, and how we are past that. This thing has been going
on for years, and the US has been the holdup for years. Even
when everyone was ready 1-2 years back, the US was the hold up. They
wanted a democracy in place and to bring Iraq out of the dark ages as far as
financial processes are concerned – into the electronic age for the country and
how they connect to the rest of the world. We thought they would do that
after the RV.
DC: It could have been done any time but they wanted more
advanced ways.
Tony: There has always
been an underlying reason for drawing this out, including Basel III
compliance and going to asset-backed currencies. Then in April it
could have gone, but WE were not Basel III
compliant ourselves, although other countries were. The
big thing is that we had fiat currency, while being the universal currency
around the world. Also in April there was a situation that we knew the
dollar would be immediately devalued to a level we could not live with.
DC: There are some emerging markets like the BRICS where the
dollar has been the primary currency for commercial transactions. So for
some people, part of the plan was to get us totally off US dollars as the
world’s reserve currency. Some want to change that to the SDR, a basket
of world currencies including sterling, yuan, etc. Now, if the US dollar
is not longer the world’s currency, it will inherently devalue. We knew there
would be some adjustment – 1-3% as we discussed before – but some folks were
very fearful of the USD losing 20-30%. That is the worst case scenario,
that if the USD is not the world currency overnight, that would be a shock to
the economy. The USD needs to be strong, otherwise there are lots of
issues, and the USD also needs to become more asset-backed than we are at
present. So that is one argument from those wanting to delay this whole
process.
Tony: That was a
frantic night back in April, and that is why this got stopped. That was a big
piece of the puzzle, along with not wanting to give Maliki the keys to the
kingdom.
DC: Maliki could have forced the issue many different times,
because he did have the keys at various issues. Instead of the RV, he
chose to play for more power for himself and family members. So many
different things are causing issues, but the overriding concern is whether the
US dollar will be okay.
Tony: Every time he
got power, Maliki got greedy. Every time this came up, there were issues
with the IMF, where the US has veto power. That was agreed to but never
ratified. In order to get around that, the BRICS have come up with five
regional IMFs, where certain countries are about to trade their dollars and not
the US dollar in their own regions. This also weakens the dollar because we are
not the reserve currency. There was a five-year plan around this to
replace the US dollar. They couldn’t do the vote immediately, so they
decided to weaken the central IMF so they could have their own devolved
power. The GCR will change the rates, too.
They decided to slow down
the changes. We are still fighting to stay top dog. And we have
managed to get the revaluation down to 1-3%, and ordinary people will feel that
in rising prices.
DC: And there are people who don’t want this to happen for
ordinary citizens, because they don’t want us to have this kind of money.
Tony: they don’t want all
of us to have money, because (as Pam says) they see us as toothless crackheads
with money. Those were the actual words used (not by Pam). They are
saying 90% will be broke after two years, so why give it to them anyway?
So April and May and June went by, and there were many discussions about the
right time to occur so that the economy wouldn’t feel it as much and they would
have used to their advantage. IF this had come out in June, people would
have been spending down and the positive things the administration did will be
wiped out.
DC: Let’s say the USD went down by 3% max. Everything
imported becomes more expensive, and exports become more affordable
abroad. Manufacturing goes up. Also, dinarians will be spending
money and massively expanding the economy. So many people said that
hitting the gas will have more impact than the headwind of devaluation.
Tony believes on the other hand that everyday products will be more expensive.
Tony: There are only
five million of us spending. You actually get tired spend money. I don’t even want to shop
and just buy stuff. I’m looking back in July, and the disadvantage then
as opposed to the advantage now. Would it be better to do it now, 30 days
or less before the election, so they don’t have the numbers before the
election? Also, October, November and December is when the rest of the
world because we’re going into the holidays. They are spending, we are
spending, and that will hide the devaluation of 1-3%. It’s a reason and a
way to disguise it from the public. It doesn’t hurt the mid-term
elections because the numbers aren’t there. So it’s a safe zone from this
point on.
DC: I agree that it’s a safe zone in terms of what these folks
are doing. I think there are many reasons why the US pushed on this delay – the
economy, raw politics, and how it affects things when five million people
suddenly have more money. Most of all, what happens to the US dollars as
the king currency of the world.
Tony: So there are some of
the things we have been seeing in the background, that we couldn’t discuss at
the time. Where are we at right now? We are now in a safe zone, the US is requesting this be
done immediately.
DC: They
are applying pressure to Iraq and to those taking their time: “This needs
to be done now, stop messing around”, especially in the last week or two.
Tony: So now the
dollar effect wouldn’t be as bad as earlier in this year. This is
ever-evolving, and there is always something new. Now that all that
is coming together and the US is wanting to get this done, now we have an issue
in Iraq that we talked about earlier – what they’ve been seeing on television,
which is going to another level.
DC: What they keep saying is that the economic reform (RV) is
here, and make sure you buy things are the new rate not the old rate, with
merchants changing their prices bank and forth. They did this before with Maliki, but everyone knew
he was a snake. They want to trust Abadi, but he is stretching their belief
system. He’s been promising this for over a week, and people want to know
that he is going to do. There are many discussions in the mosque and
elsewhere, and now this is causing issues. Intelligence people
are reporting back to their countries and there is pressure on Abadi to get
this done. It’s starting to boil over a bit, and they are aware of
that. This is not a good way to build a country while they are trying to
get over M and fight ISIL as well. They have to solve this quickly.
Tony: This could go
at any moment. People are looking for excuses, as we see with all the
posts about the ministers not being voted in, or voting next week.
DC: ALL our contacts in Parliament say that everything has been voted on four times!
What is the point of this all? They are frustrated that they keep running it on
television when the people in the chamber say that it’s been settled!
That’s the kind of intel we’ve had all this week. Many have said “It’s done; we’re waiting on the
reveal.” The public announcements and the budget would be nice to have
lined up, but not essential to the release of the RV.
Tony: HCL – we know
Maliki fought Kurdistan over that. Abadi came in, and within a week he
gave the Kurds the 17% they asked for. It’s a done deal. The 2014 Budget…
DC: The
new “RV rate” (3.41) was in all budgets for the last three years. It’s
there mainly for building and construction – things not absolutely necessary
for this to go through. They have been prepared for that these last
three days but it hasn’t released the RV. They don’t necessarily need it to
have the RV, though it’s nice to know where the money goes. They are
nearly ready for 2015 as well.
Tony: This has already been done, but
Abadi wants to go over it
and include everyone in the process, in his inclusive government.
There will always be something the GOI is doing every day. That’ is what
Parliament does, so it can’t be a requirement for this to happen. Let’s
got the CBI.
DC: Our understanding is that all technical issues have been
resolved and they are ready to pull the trigger.
It’s a little bit of “I’ll do it when I’m darned well ready” and the
rest of the world said, “Fine, just do it by X date.” They
tried to put it out last Friday and they had a painful technical issue that
they didn’t expect. So now we are in the same place we were in last Friday,
with everyone ready and telling the CBI to get it done by a certain date.
The CBI has been
testing the system, and tentative celebrations are planned for Saturday night
and Sunday night. We’ve had that before, but it’s nice to
see that they are lining up to score again. Everyone is practiced
and ready to go. There are dignitaries in Baghdad, and there are
international teams helping the CBI now. There are difficulties with
security with all these foreign dignitaries arriving for the weekend
celebrations.
Tony: This information
comes from a lot of different sources. There has always been a four-day
activation plan, a plan for stability. It’s always been planned for a
weekend, we just don’t know which weekend!
DC: There were two main schedules they wanted to run: Thursday
night – Friday am with celebration on Saturday, or Friday-Saturday and
celebrating Sunday. That has got looser recently because everything has been delayed so
long with power politics, they no longer care to fit it into a certain time. Now they will go
it when they do it, but if it’s at a weekend, that’s even better.
Tony: They can always
celebrate at the weekend anyway. We are told that if we say it, they will
change it. This morning at the mosque, the info we are getting is this
could happen at any minute. Everything is ready, and it’s just about what hour
they choose to flip the switch. There are not political or technical
issues now; it’s
just a timing issue.
DC: The Iraqi Defense Force is cranking up the pressure on ISIL,
with help from the coalition. They are taking back areas and taking out
fighters.
DC: The IMF is helping to coordinate timing with the BIS –
thanks, because this is not easy. The UST is now highly
supportive. The banks are ready and all their staff are cued up to work
at the weekend if needed. Security, call center and exchange
centers are all set up across the US. Banks have been put on alert, and
they have alerted their staff.
832 caller: I know why
you’re frustrated – I watched the Raiders. [laughter] What I
understand is that Iraq has RVed in country. Why are they frustrated
therefore?
DC: Right now in Iraq, they have a system with five different
rates, which is aggravating them. There are people with Qi cards that are
only activated in Iraq, so they have thousands in their banks accounts.
Their pensions have been paid, and the rate is 3.71 in country. Another
group has 3.78 on their cards, and can use their bank accounts
internationally. We have good friends outside the country using their
cards, and they are spending all sorts of money. Then you have folks with
a 3.41 rate on their cards, but they cannot spending; it’s pending the
release. So they can see their number and meanwhile they are starving,
can’t feed their families or pay their rent. Then there are folks
who don’t have bank accounts, and they are trading on the street rates of 1160.
Some of those have a local rate of 1:1 or even two dinar to the dollar.
So you don’t know what things cost. Meanwhile, merchants were told to
change their prices and they did – but no public RV. They’ve been wanting
to bring in the larger notes, and that means that the bills on the street are
getting worn out. Then of television it says the rate is coming, and
in a tribal culture they are saying “Uncle M overseas has a new Mercedes, and I
can’t feed my family!” So Iraq must get to a place where there is the
same rate throughout the country, and a realistic international value.
Tony: Iraq doesn’t go
by our laws or standards. A dollar is a dollar in California and in North
Carolina. That’s not how it works in Iraq. The rate can differ from
one market or neighborhood to the next. The privileged have
privileges! We have to understand it from that perspective. The
reality is that, over there, it’s their world and that’s how they do it.
DC: The
citizens have been forced into this, and it’s been going on for so long that
it’s caused lots of issues. Now they are saying “We’re supposed to have this
done? What’s going on?!”
Tony: Last Saturday,
in the mosque, they announced that “this is the day all Iraqis have been waiting for”, and it
didn’t happen.
Caller: I’ve asked
questions about future directions. I’ve done research and I haven’t found
any answers. In terms of currency movements, who do I talk to? For
the ones I own now, they are telling me it’s a scam! So who do I talk to?
Tony: A lot of the stuff I know is
from insiders. It’s going to be hard, but look at the GCR and see which
countries/currencies could do better. It will be the low ones coming
up. After the RV+GCR, look at what low countries will come to
unbelievable rates. DC has a list of ten!
DC:
I don’t have a list of ten. You need to have a plan. Pay your
taxes, get out of debt, invest a conservative amount that guarantees an income
in conservative assets like bonds – whatever will give you a comfortable
income. There will be money left over that you can use to look at
medium-risk investments like stocks in Iraq, Vietnam, the UK, and India –
countries that are poised for upswings. Then use a small amount in higher
risk areas like playing the markets.
Tony: Don’t do Forex unless you really
understand it! If you are going to buy other currencies, go to the bank
and buy it as a long-term investment. Hold it; don’t buy and sell
according to short-term fluctuations. The last call I talked about Zim,
it went from $20 to $32. Now, after speaking about it on Wednesday, the
price is now $80!
DC: I’m not a financial adviser, I’m just me. Do I think
there will be another major revaluation? Realistically, no. Will
some currencies revalue in the next 6-12 months? Yes, but most will be locked out
of that because they don’t want everyone and his mother in this situation
again. Who will benefit from the RV and hold value? Investing
in the Iraqi stock market is a natural direction because of the RV.
Investing there means I am playing with the Iraqi dinar, in effect, and I would
expect that to go up. I’m big on UK because they have more dinar per capita
than anybody, so they will pop like a son of a gun. Is there going to be
another RV where will make 3,000%? I doubt.
Tony: We don’t know if the Zim will
delete six zeroes or nine. If nine get lopped off, the dong is the best
ROI of these currencies.
Next caller: I heard
that if this doesn’t go by Sunday, something drastic will happen?
DC: I do think it’s lining up for this weekend, including Monday. Can they do this without the dinar? No.
The arguments are just bickering amongst friends.
Tony: Is there a new date in place,
like we heard the 16th to the 20th?
DC: Yes,
like NOW! The other dates were not accurate.
650 caller: What is the
meaning of the ‘four-day activation plan’ you mentioned?
Tony: I’m going to
change that to ‘activation/stability plan’.
DC: It’s a big giant ‘what if’, because nobody has ever done this
on such a huge scale. The issues is connectivity, so they would ideally
like to roll this out is to make an announcement AFTER it’s showing on the
screens, then have a celebration. Everyone wants to congratulate Iraq on
such a tremendous way. During the celebration, the Iraqi banks will be
limited or closed. This five-tier
system has already absorbed some of this, and now there will be relief as
they roll it out as slowly as possible. In the US they will bring in groups first
– not because they are better, but because they are already organized, educated
and ready to go. The groups are readier to go through, so in some large
cities where there are groups might have to wait a day. In other towns,
we will go through very quickly. In the US, they would be happier if
the dinarians all go through at the weekend, because it’s easier to contain our
celebrations and security at the weekend.
There has been an
argument by Forex guys concerned about the market rate. Others prefer to see
all the Iraqi and US citizens through on a stable rate before it gets adjusted
by market forces. That is actually easier on all of us as well, but the
Forex guys want it to be in market (actively traded) right away. We don’t
know which will win that one.
Tony: It also makes
it easier for the banks to have similar rates. There are two large
legitimate groups, and some other groups that are not legitimate, and that you
will have to deal with. I’ve been warning you for years about that.
There are probably over 200 groups out there with a fixed contract rate.
They want those people in and out, signed and done and over with before this
hits the market. That is a reason to get them done first.
Caller: The best thing would
be to set a consistent rate in and to Iraq in order to signal what is happening
internationally. Why has that not happened?
DC: Because that forces an international RV. It’s a weird
system that continues to get weirder. They can write checks overseas and
get them credited at the new rate! I understand why they did that, but
don’t understand why they have continued this long and made it more complex.
Tony: They did it
because of the global requirements. They just weren’t ready for the RV to
go worldwide. You can do it piecemeal or for the privileged, but not for
all the citizens – otherwise, you would have to do it internationally.
Caller: What are the
forcing functions here?
DC: There are many bills due this week, and they might be a day or two late. The
downside of NOT paying those bills is that support, the ability to pay the
coalition, to fight ISIL and to pay their own citizens – those will all go
away. This
Tony: What you are
trying to get us to say “once X happens, then the RV will happen.” But we know
that if we tell you the final steps, that will become an issue. We have told you already
that everyone is ready, that the ‘drop dead date’ is in place, and we will have to wait until that date comes up.
We were told again this morning “don’t say that or it will become an issue.”
That is the straight scoop. There is a time, it is timing issue, and we
cannot do any better than that.
DC: We have given the times.
The international
community, the coalition, Abadi and everyone else has promised it will be done
by Monday. Have we been here before? Yes. We
don’t know any major or minor issues causing an issue now. Everyone
is lined up and ready to go.
Caller: Is there teeth
to whatever consequences if this doesn’t come to action.
DC: If it doesn’t happen within the time we expect, someone will
step in and encourage some action.
Tony: What you are asking
us is “If this doesn’t happen by Monday, will someone force it to go on
Tuesday”? I don’t know! Nobody knows!
There is a Plan B, but we don’t know if it will go into
effect. We thought it would
go into effect last week! The situation changes, and I cannot predict
that. There is a
plan but I don’t know if it will go into effect. We can’t predict
anything in this situation.
740 caller: I got into
this kind of late, and when I first started listening, the emphasis was about
the GCR and four currencies. Lately, I’ve only been hearing about the
dinar. Do they still expect these other ones to go in the same
basket? And why, when Iraq is doing the work with the CBI, etc.?
DC: This whole RV was originally just supposed to be Iraq because
of oil, agriculture, and it’s original rate of about three dollars.
Saddam comes and screws up the country, and we wanted to revalue once that got
sorted out. Other countries wanted a piece of the pie, and China
wanted to add in Vietnam as a global currency change. Indonesian rupiah
and Zims also got involved, but it’s still hinged on the Iraqi dinar. In
an ideal world, they would have preferred to RV dinar first, and then Vietnam a
few leaders later. Then real idiots showed up like Tony and
myself. I planned to buy a few million dollars worth of dong and lock it
in my safe for a few years. So they tracked dong, realized many were
buying dong, and so they added dong, zim and rupiah all into one basket.
Now all the reforms in Iraq have taken ten years to get done, and now they
want to get Iraq RVed so that they can get on with reconstruction.
Caller: Can we honestly
expect to go to the bank and exchange dong and dinar on the same day?
Tony: Yes, they are already on the
screens.
Caller: A friend of
mine had a question about dropping zeroes…
DC: Zimbabwe has been using US dollars for years, because
Zimbabwe dollars had serious inflation, like 1000% per year. Now in Iraq,
they spent years pulling US dollars off the street, and they intend to pull
dollars out much more quickly. Zim is much more risky than Iraq, where
they have been building up to this for ten years. Removing zeroes is because there
are 100 trillion dollar notes, so they will cut off six or nine zeroes and then
multiply by the exchange rate.
Caller: Can we no
longer join TNT?
DC: You can talk to the birthday girl; Pam, the birthday
girl, is in charge of that.
Tony: We will tweet
out the 800 number when we get it and also put it on the new sites: www.tntsuperfantastic.com, or .net,
or .info. I can do that before I sign my NDA. DC won’t tell me
what’s on my NDA!
DC: I thought I would just be doing this “two week mission” – and
it’s 18 months later!
828 caller: Earlier
this month you said dignitaries were coming to Iraq for something that didn’t’
happen. Are these the same people who are coming in now?
Tony: I only heard
that there were about 40 this time.
DC: They did the RV dance and the birthday boy/girl didn’t show
up. Some of the countries are frustrated, and they have sent
fewer people this time.
Caller: Did the US
administration ask for a delay on this until mid-October?
DC: That is hogwash, according to my friends in the
administration. You can imagine that,
being married to me, how frustrated my wife is. I get a thousand text
messages a day, and so does Tony. In this game, bad news travels faster
than good news, and if something blows up, you find out about it quickly.
Everything has been slow and quiet this week, without much bad news… and we
would have found out if there was a major problem.
Caller: Is it advisable
or permissible for my wife and I to set up separate appointments?
DC: It’s one appointment per call. I am exchanging in
chunks because I don’t want to carry all my currency around in one lump.
If you can give some to your spouse, that’s a good idea. It doesn’t
matter if the receipts are all in your name – what’s yours also belongs to your
spouse. You can check that on the 800 number call.
410 caller: It’s Purple
Friday here in Maryland because we support the Ravens. Happy Birthday,
Pam! I haven’t heard you talk about the rupiah lately…
DC: It’s still there on the screens and in the documentation.
Tony: Because we
have not talked about it, it’s the one currency that has maintained a stable
rate!
Caller: That’s a good
thing. When you were saying they delayed this because concerns about the
US dollar dropping in value, what changed their minds?
DC: They
now feel comfortable the dollar will not drop much, together with the ISIL
campaign and stability in Iraq.
Tony: That is a timing
thing as well, with third quarter, and also the influences that have changed in
Iraq. There are a lot of factors.
Caller: I’ve been
educated myself in currencies and their economic history. Could you give
us a crash lesson in how to read the numbers on travelex.com, for example?
DC: IN reading the rates, read the figures in relation to what
they are charging for that currency. So if an Iraqi comes to us and want
dollars, and the rate is $3, then you’ll need a third of a dinar to buy a
dollar. The GBP is higher than the dollar, so you will buy two pounds
sterling per dinar. Just think about what country you are in and work
from there.
Since all sorts of
things affect the economy in any given country, we want to get some currencies
up off the floor, so we match the currency to the countries assets. Iraq
spend hours and hours proving they have the oil reserves, minerals, and all
their other assets. It takes a lot to keep a currency stable, so
Shabibi spend years showing the CBI can manage their currency. They are
saying they are able to maintain their old rate. In other countries, as
well, they are showing they have the assets to support their currencies. Other countries like the US have
fiat currency that they don’t have the assets to back up – we just print
currency – but that will have to change and that’s why it is being gently
devalued.
There are many
places online to track rates, such as Yahoo Finance and others. Look for
the sites that have currency pairs.
Tony: The way to
estimate currencies in the future is not by tracking Forex, but by being
involved in the country and globally. When you look at Forex, you will
see daily fluctuations. If you don’t know what you are doing, you are
playing with fire when you try to predict long term currency gains. You
have to have guts when you start playing that game because it can change in 30
seconds or less and you can lose it all!
DC: If you are looking for another dinar or dong after this, that
is not going to happen for a very long time, probably not in our
lifetimes. There are many other ways to make an ROI of 1,000, I’ve done
it several times, but not as a major RV.
Tony: Iraq is
planning to revalue 2% every six months, but they also have plans for Zimbabwe
and Africa in general. There
are many safer ways to get a decent return on your money.
Caller: I have an LLC
that is not in good standing. Is there any incentive for me to get that
back in good standing and have that do the exchange?
DC: Yes,
there is a lot of good incentive to do that BEFORE the RV. You will still
control the assets but you can write off business expenses. Do it
TODAY.
404 caller: On a prior
call, you said the okay have been given to activate, so it was in the CBI’s
hands. Does that run the risk of expiring and then we have to start over?
Tony: It’s been given the okay and
also encouragement to get this done. They don’t have much to redo, so there
isn’t much left to restart.
Caller: Given this is
the GCR, would it have been a problem if the Scottish vote had gone the other
way?
DC: For Iraq and the dinar, no. However the pound sterling
is usually very stable and that would have been an issue. That would have
caused England to NOT have a lot of patience with any further delays.
Caller: If the dinar
community is being viewed by some as ‘toothless crackheads with too much
money’, what part of society is saying that?
DC:
I’m not going to answer the question directly. One thing we continue to fight (and why we are here) is questions
about what we will do for society. Some politicians seem to think that we
will spend it all on stuff that goes up the nose. “Toothless
crackheads” don’t spend hours every week educating themselves and helping their
fellow dinarians. Sure, a few people will do stupid things, but I think we have
proven to a number of folks that we are asking the right questions. We
have refuted a lot of those comments. In fact, I thought it was
hilarious, although rather elitist. People stopped calling us that once
we called them on it.
Tony: Here’s the thing – it’s that is
what you think, why don’t you help them? Why not educate them rather than
allowing them to flounder and be in the 90% they projected? What they could
have done is send us a couple of DCs instead of one to watch over us! They
could have done it sooner! There are many things they could have done to
make this smoother, too.
Caller: I look forward
to meeting you guys in person, even if you are in a mask, DC!
Tony: All you have to
do is ask me in Atlanta or Vegas, and I’ll point them out!
DC: We didn’t’ mention upfront because we never know what to
mention, but it IS Pam’s birthday on Saturday AND Sunday. We won’t
mention age but she is just more wonderful to be around.
We are waiting
on preset times. Everything is planned again and ready to go.
There is a lot of pressure both inside and outside to get this done correctly
and quickly. All the people we talk to are confident about this getting done,
and we thank you for what you have done. Everyone taking part, please
write down your parts for the record. Have a great weekend and a great
life.
Pam: Thank you everyone
for the Birthday wishes on the forum, I do read them every one. For those
who are not in our forum – I wish you could all be there. I do have a
twitter: Follow https://twitter.com/AlreadyBBlessed.
Ray: Continue to enjoy
your Fabulous Friday – and Tony, my resignation’s on the way.
Tony: since we can’t
mention Pam’s age, you know it was back before record-keeping. Happy
Birthday to Pam! It
looks great, everything is in place. You
must understand that it is a four-day process of activation, and we will be
among the first ones. Even though I didn’t form a group, they have TNT listed as an educational group. As
far as the four-day process, you
are included in that process. There are always advantages in
freedom of choice. I’m looking forward to a good
weekend. I don’t mind doing an extra call. Iraq has already
announced that they will get the new rate retroactive back to 1. January, so
they will have a lot of money to spend after that. It doesn’t make sense
for them to wait until that day. Iraq will actually do that before they
put the monthly pay on the cards. But I think they will do it sooner to
get money flowing through the banks and the economy. Have a great
weekend, everybody!
