Replay 605.562.3179, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=89366601
TNT Call notes 14-September-2016
[Music: Pomp and Circumstance}
Ray: Good afternoon, TNT super-fantastic family! Today is Wednesday, September 14, 2016, yours truly RayRen98 here. I didn’t have enough room to put in the tweet that there is no new intel, so I thought I’d have a training session. That gives those who are only interested in the intel to drop off now.
Where are we information-wise? We do have a little information. We did have major technical difficulties as we were setting up the call, and got some info out of left field. This started off being an extremely slow day, like yesterday. The times are definitely changing. We are not so much an intel-driven team – the members are bringing in more information as well. That information is just as exciting as the info coming from the intel team as they share what they are learning and communicating, while the members share what is actually happening to them. If you listen to that, you won’t succumb to the foolishness that is coming out on the airwaves.
Members are reporting to us that their banks are seeing currency rates on the screens, and within a few days they expect to see their clients – and when you come to exchange, bring your family and we’ll get you all in-house. That’s exciting to hear, and it’s straight from the bank folks. We hear all this zim stuff going around about 72 hours and having to write up a short story to get better rates, and some of that may be true, but I know what our members are being told – that you will get the rates without having to prepare documents, you can just come in when the time and right and the bankers will take care of things. We have heard high, high rates, 68 cents for example, and in the past, I did mention something about three digits. Now, 47 cents and 68 cents is what I call two digits. You can put two and two together…
Also from the banking community, we are hearing from my sources and from members that the banks expect to be entertaining you tomorrow. Some are very much convinced that this is when it will be. That seems to be what the banking community is thinking, in which case this IS the last call of this nature.
“Did an extension of time occur?” I was in chat, and people jumping to conclusions and asking questions like they couldn’t wait for 40-50 minutes for the call. Yes, there was an extension o the call. Also on the last call, that meant goodbye to some, while for others we were coming to the end of one process and starting another. Yes, there were things I could not tell you on Monday, and yes, an extension of time did occur. I couldn’t say the things I wanted to share on Monday because we still could not openly talk about it. However, others have got hold of the same information and were free in putting it out (or some facsimile of it). That was good for me because then my people knew that I wasn’t telling what I wasn’t supposed to – they were telling it instead. There can be some truth in everything that is being communicated since Monday, from other sources.
Where does this take us now? It’s the middle of the week, and some things I was looking for proof that it happened by Monday didn’t surface or appear so that one could see the proof in the pudding. That takes us into the end of this week. The various groups had their meetings, and their conclusions were not made public to me.
As for other things we are looking forward to, such as laws published in the Gazette – that website has been down all weekend. Maybe it will be back up on Saturday, so that you can receive proof in the pudding then… just maybe. Also, you might start hearing about lower denominations circulating amongst the citizens over there. Many of us have direct contacts with Iraqi citizens, and we might hear that by Saturday. You may also hear some announcements on Sunday. If the banks have their way, you won’t care by the weekend because they will be entertaining you on Thursday. You may still be hearing about US dollars over there, but that is primarily for those who are traveling because their currency is not yet accepted as fully internationally.
While I still have your attention, let’s do a training piece because this is important. Let’s talk about the Roth IRA again. There was an article posted about those accounts this morning: The Advantages of a Roth IRA, and I’m going to add “self-directed Roth IRA”. [I couldn’t keep up with what Ray was reading, so here is a link to the article:
http://www.bankrate.com/finance/retirement/advantages-of-roth-iras-1.aspx ]
With Roth IRAs, people get tax-free INCOME; Uncle Sam doesn’t touch the earnings, and that can amount to a lot after years of compounded interest. n a pinch, a Roth IRA could provide some quick cash. That’s because Roth contributions can be withdrawn penalty-free at any time. There are some conditions, but there is a wide range of qualified withdrawals.
If you have been meaning to investigate the Roth IRA, I hope I’ve inspired you to do that now. It’s especially important to have a self-directed Roth IRA so that nobody tells you what to do with that money.
Questions from the Forum:
Q: Do Iraqis in Bagdad have a new rate? Have prices in Iraq changed? What is the “senior statesman” saying now? A: 1. Not to my knowledge. 2. I don’t know where we are with price changes – I have heard of ‘dual prices’. 3. I don’t know about that.
Q: With so much contrast in the intel online, we can assume a disinformation campaign is in process keeping the dinar community off balance. I would like to request a final coaching session on what to expect at our exchange appointment and recommenda-tions on the right preparations, actions, and wording to secure the highest rates for our families and plans to bless our communities. A: The best I know to get that taken care of – and it will take discipline – is to take advantage of the banking seminars that will be presented by the task force in 13 cities across the US immediately after the RV. They have already put in the work to secure the venues and banking people to come talk to us on what they can offer us. Many of you want to be the first ones out the gate when you get the release; those with a higher discipline won’t mind waiting a few more days to get this much-needed information that we are rounding up for the membership instead of running round to the various banks to find out the best terms, perks, etc.
Two questions:
- When the RV notices are sent out, will you be given the information required to respond to this request in your “RV Announcement Call”? A: I don’t know. If that type of information is provided, you will receive it at that time. If not, there are the banking seminars.
Q: Ray, is there anything that you couldn’t say on Monday that you can say today SAFELY? A: Yes, and I’ve already said it.
Q: What SHOULD BE the #1 question I NEED TO be asking you which definitely would be the best Birthday gift? A: I’ll have to talk to you one-on-one.
Q: Ray, will you tell us again where we can find the list of “The 6 Advantages of a Self-Directed Roth IRA”? I can’t seem to find it. A: I’ll post this in the forum when this call concludes so that you can grab it. Otherwise, go to bankrate.com and type “six advantages to a Roth IRA”.
Q: All of my currencies are long term, over a year old. If I would gift some to someone now would it be short term for the person I gifted to or still long term as it was purchased over a year ago? A: I seem to remember that when you gift something, the original purchase date can carry over onto that, but I don’t know. Ask your professionals.
Q: On Monday’s call, you said we are ‘here’; where is ‘here’? A: We are at that time and place when there is not a lot more to prepare you for what is about to happen. Most were not ready, but we are here now. If the banks have their way, we’ll be doing it tomorrow. Most are prepared now in terms of tools and how to use them. Others are not 100% ready, but you are ready enough to get what you still need on the other side before you mess things up.
Q: I am a retired Wealth Manager and have bought and sold several businesses. It is hard for me to believe that a bank would base their level of funding (currency rate) on a three-page business plan for humanitarian projects that has no due diligence from the bank. What are your thoughts on this? A: Hmmm. Unless there is some other information I have not received, I am inclined to agree with you.
Q: Do you believe the recent staff sales issue with Wells Fargo is causing issues for the exchanges? A: No, I don’t.
Q: Our office employees hold foreign currency. If we call the call the center with one phone call would they give us an appointment back to back? A: I really don’t know, but I would definitely try it out. I would say, “Hey, I have another person in the room who wants an appointment…”
Q: A lot don’t get information from Open Mic; feel free to repeat yourself. A: I am almost certain that I did in the opening statement.
Q: If I knew what you knew, would I take a four-day trip out of town that I had planned weeks ago or hang around and be ready to go to the exchange center in the next four days? you may speak softly so the whole internet doesn’t hear you. A: That is a personal choice – if you are after the contract rates and believe you need to be first in the door, then either don’t take the trip or make sure you have the resources to come back on a moment’s notice if you need to.
Q: I was wondering if they could be waiting for the end of the month to release the RV/GCR, because it is the beginning of the new fiscal year? A: I haven’t heard anything about waiting for anything. I’m not hearing anything about the end of the month. “Never put off to tomorrow what you can do today.”
Q: When we exchange our funds into a Trust Account, what about moving the money from this initial exchange Trust account into new trust accounts and closing the initial trust account for security/privacy purposes. Can/should this be done? A: It could be done, but for what purpose? I don’t see that it gives you any more security. The record is going to show that they both existed and one moved to the other. If it’s in a properly drafted trust to begin with, then the security is already established. The only time I thought about opening one account and moving it to another account was when the currency dealers thought they would be exchanging these currencies, and they would then wire the money into our bank accounts. Any money wired in could be wired back out, so it was a good strategy to move those funds into a different account in case someone tried to pull it back out again. But that’s the only reasoning I saw.
Q: Will Australia also have contract rates? A:
Live callers:
610 caller: Has the bill been paid?
RayRen: Any time we are on a call, yes, the bill has been paid. I don’t think there is going to be a problem for next month.
Caller: Anything from the mosques?
RayRen: Nothing form the mosques, and the television information has been to calm the citizens, to make them aware of expectations and announcements.
Caller: I take it we are still waiting for the Iraqis to get their money before the US?
RayRen: I really don’t know. The banks are saying Thursday based on something and I don’t know where their fuel is coming from. Iraq seems to think Saturday.
918 caller: Piecing together the calls today and Monday, there are things you know that we don’t know yet, and we have to pay catch-up with that when all is made public in the Gazette and official announcements occur in Iraq. Did an extension of time occur, as it said your tweet? I believe the time has not come yet. We will know when an official announcement is made to the Iraqi people – their 800 number, as it were. At the same time, we’ll get our 800 numbers. That’s logical. My gut says it’s going to sneak up on us, and we’ll be in the bank in less than 24 hours. In your opinion, am I hot or cold?
RayRen: You ever three lobsters at one time? [Two is my limit.] Well, your gut can handle what it can handle.
754 caller: What cities will you be doing the bank seminars in Florida? Fort Lauderdale and Jacksonville.
Caller: I have also heard that everyone has exchanged apart from our groups, that tiers 1 and 2 have exchanged and we are tier 3 and next to go. Anything you have heard?
RayRen: Why do you want me to validate someone else’s information? If I don’t give you information, I don’t have it to share.
Caller: Are you going to go in right away to exchange? I would like the contract rate. How rapidly will your banking seminars show up?
RayRen: I think a contract rate will be higher than anything else the bank can offer, so I would not forgo the contract rate to get more banking information – I can get that later. That’s how I’m thinking. We know that some members are intending to wait on the rate for a few days, and they would be more likely to attend what the task force has to offer so that they will be better informed when they go to the bank.
904 caller: My partner and I have gone to a couple of banks, and when we ask for rate, they ask if we are interested in selling. We say we want to exchange. Is there a difference in rates between selling and exchanging?
RayRen: No it’s just what the bank is used to saying rather than, say, Travelex.
Caller: So there won’t be a tax difference between selling and exchanging?
RayRen: That’s a different question. Let the tax professionals advise you.
Caller: [Didn’t understand the question] What can we expect?
RayRen: I really don’t know what to tell you, because we hear different things. That is why the task force program will be so effective for many of us – it will help you understand what to ask for and where the banks stand. We will go through the process more intelligently.
Caller: We haven’t heard much about the Afghani; is that still in the first basket?
RayRen: So far as I’ve heard, yes it is.
Caller: From what I have NOT been told, I suspect that is good news. I am crossing my fingers and waiting.
RayRen: How long have you been dating your ‘significant other?
Caller: We are waiting on the RV to get married!
919 caller: With the zim information on OM, is there any clarity about the zeros?
RayRen: They got quotes from their bank. We have a member on OM who exchanged zim, and he said that six zeroes were taken off at the time of his exchange.
208 caller: You recommend we go to one of your seminars, but some of us are hanging on by a thread – what should we do? I’m in Idaho.
RayRen: The seminars will be post-RV. Yes, some will come to the seminars before exchanging, but where there is a will, there’s a way. There is nothing to stop you going to talk to a wealth manager, saying you are not quite ready to exchange, and asking how you can handle (say) an obligation of $5,000? They might give you a loan. We have members who got car loans based on what they anticipate in the future. They should have no problem with a signature loan for enough to get you to the seminar. Post-RV, if you cannot do what I’m suggesting (at the bank), I will pay your way into the Seattle class. Can’t say fairer than that! It will be $100 tops to go to one of those sessions, and if you really cannot manage that, I will cover it for you.
[I had to leave at this point. Check Sunny’s Cliff Notes for the closing statement.]
RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA
