Tony CC Cliff Notes
Wednesday, Jan. 21, 2015
This is highlights of the first 90 minutes. Will not finalize until this evening, MST - Sunny
**** Who Listens to the TNT Calls? 23K people on the call at the beginning and growing as the call progresses. US Government listens to these calls as well as Putin and N. Korea. Tony heard Fox, CNN, CNBC listen to the calls too.
Tony: As of today it's still within the agreement that was signed last week. Nothing in that agreement says, Feb., March or 2016.
DC: Bottom line is, Iraq is ready and announcing on TV they are ready. Happen anytime, they are ready to go. PM and Governor of CBI out of the country. They are due back Sat. afternoon/night. Not personally looking for it until after that time. . . things being kept incredibly tight. Only a few folks know the time as of now.
TONY TIPS: Check out "merger network." Google it. Go to it. Sign up for it. It shows businesses that have failed, over the counter shells you can buy, etc. Looking at APM business for sale for $139K which nets 43K a year. At Yahoo.com and look under topics for article about lottery winners and how money destroyed their life. hope and pray it does not happen to you.
IRAQ: Shabbibi and Dr. Abadhi have gone to a major conference. (Davos, Switzerland) They were touted to be one of the "economic powers in the world" and they wanted to do a victory lap there. Tony: The plan was for Iraq to go to the conf and be latest in the upper echelon, congratulate them and give them there moment in the sun.
They could do it right before - the plan was for Iraq to go there and be in the upper echelon of world markets - will they announce it then go do it - or will they announce the Qe and currency changes then wonder where the money comes from - or do GCR after? They make the announcement and slide the GCR in a few days later.
New 25K note will be issued in country and the ones we hold will become obsolete after we exchange.
TV: Dr. Abadhi is on TV saying, "economic reforms have now been completed. It's running every 30 minutes ...
Budget vote and revealment moved to Saturday.
CBI: everyone trained and ready. software checks/updates successful. They checked in with all central banks and UST to double check every thing.
ISIL- progress continues to be made.
Iraq army is only partially paid - adds additional pressure to get RV done.
Custom agents have deadline for less than 10K dinar to leave the country
INTERNATIONAL
Davos, Switzerland Conference: Leaders from countries must go to it - 300 of richest people, 2500 diplomats representing 100 countries. Happens this weekend. DC said many at this conference would not be aware of the RV event.
ECB - European Central Bank that controls the EURO. Signaled for some time going to do another round of QE. The European economies are in trouble and teetering on depression. ECB is planning on printing 60 Billion EURO's to buy bonds. It cheapens the euro. At $1.15 instead of $1.40 it makes exports a lot cheaper. DC thinks it will be a stimulus, a bump, but not move major economies.
China, Russia, Venezuela have been working to drive the USD value done.
UNITED STATES: White House, Democrat's and Republican's support this getting done. Administration wants this done, but on their terms, their time line. They have not been keen on compromising. They want you to have it and view it as an eventuality that this will be done in the next several days. They are sticking by the agreement they made last week. Republican's want it over with, eager and rambunctious to get this done. To see the stimulus happen and glad they are in chairmanship roles of senate committees that have influence in this. Democrats still upset it did not happen under their watch and they could ride the wave into the November elections and have kept their chairmanships. They are worried about next election and naturally want the power shift to go back to them.
UST:
Banks:
Exchanges: Last year we heard there would be a 10 day delay for USA to exchange after Iraq gets it.
DC says we will start exchanging within a few hours.
NDA:
Packages /800#:
Rates: Contract rate cap for Dong is 25 million and 20 million for Dinar. There is no limit on how much currency you have but just how much you can exchange at the contract rate. Groups:
EXCHANGING:
CLOSING STATEMENTS: Bummer! I can not finish the call until this evening MST.
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