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.
Questions:
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.
Summary:
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