Replay 605.562.3179, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=89593212
TNT Call notes 21-September-2016
Ray: Good afternoon, TNT super-fantastic family! Today is Wednesday, September 121, 2016, yours truly RayRen98 here.
There is not a whole lot of new intel to share. As the tweet said, “Is the clock ticking now or what?” Some things have happened to put us in that frame of mind. The meeting took place between PM Abadi and President Obama followed by the UN meeting. Good info came from that, but some of it we don’t know to be 100% accurate, but it sounds good so many are running with it. So it feels like more of a go than it was before, with more sanctions being lifted. From the G20 meeting a few weeks ago, the main message was that the currency needs to be revalued. That’s been rehashed, as a topic of discussion; the banks said that the G20 gave them the green light to go ahead.
In addition to that information, the ISX is launching an online trading system. The first time we heard ISX, we got fooled. It went live February 2014? 2015? I remember the excitement then, and people saying they couldn’t go that without an international currency. Lo and behold, they launched the ISX in-country only, so they didn’t need the international rates. Now we are hearing an ‘online trading system’, and naturally some are assuming that this implies that it will be international, but maybe not.
There was a secret session of Parliament – Zebari is out, although the IMF is still working with Iraq and the large loan they have agreed. Me, I am just looking for the rate and the date. I’m pretty comfortable with the rates, and also with the dates. The general consensus is that everything should be “past tense” by October 1. That’s not a deadline, but a date of expected completion, that it will all be said and done by the first of October. I’m looking for something specific tomorrow that will probably support that. We’ll see what Thursday has for us – that should be some interesting information.
US Banks: some that have been very quiet are now becoming more visible, making sure clients know they exist and can offer as much as the more visible banks. That is banking information and it will be universal, to a degree. The rate for dinar is u pwards from what I’ve been saying I’d be comfortable with … from the rates calculated on the Iraqi cards at $3+, some at $3.20 or more, and of course the $3.71 rate we have seen in some places. That creates a new train of thought, upwards of three dollars and change. We still have that multiplier effect to take into account, if that still exists, and that will make it even higher for us in the US, for the dinar. Let’s nor forget the first mouse, second mouse, third mouse still applies, and I hope you are making plans for each step of that.
Questions from the Forum:
Q: Ray, What are the chances that this revalue will draw out into 2017? A: Based on the information we already have available, and the info I’ve heard, if it all holds true, then not a chance that it will draw out into 2017.
Q: Any new dates out there? A: I just mentioned some of those.
Q: Is it better to take a cashier’s check to other banks after the exchange or can you wire any amount to the banks of your choice? I plan to have three banks with equal amounts of money in each. A: Let’s say the toal is nine million and you want to have three million dollars in each bank. I don’t think I would take a three million as a cashier’s check, and take that to another bank. I would say to the bank “I want to have three million in this bank and in that bank; what is the best way to do this?” I don’t think they would recommend a cashier’s check! If you are just transferring a few thousand, then a cashier’s check is fine, but for more, I imagine a wire transfer is better/faster and definitely safer.
Q: Would you share with the family that today is “Peace Day”, a perfect day for an RV? A: It’s International Peace Day.
Q: Ray, awhile back I spoke to you about purchasing Zim. You indicated that banks said they would exchange all denoms of this currency. Things are said that make me need reassurance again about the same. I recommended 10 trillion and 50 trillion to friends and family. I guess my question, TODAY would YOU purchase those two denoms of Zim and not be worried? A: I’d go for a 50 trillion and 100 trillion note.
Q: What comes first? The chicken or the egg? What comes (came) first – IMF recognition of Iraqi dinar having international revalue status or UN recognizing this while approving Sovereignty for Iraq? Which one of these recognitions tell US Banks they can exchange IQD holders? Or, are we still wondering if that call is by the UST which brings up: who has ultimate control of releasing the go-ahead to exchange or not? A: I don’t know the answers to those questions.
Q: With Iraqi television saying the Finance Minister has been dismissed; in your opinion do you think that Shabibi will replace him and activate the RV? A: I don’t know about that.
Q: Have you heard if all the bank cards for Iraqi citizens have been activated for inter-national use? A: I haven’t heard.
Q: To your knowledge have store vendors changed the pricing with a new dinar rate?
A: I don’t know.
Q: After we go in to the bank….how long will it take to get full access to our funds?? A: We’re being told the next day or even immediately for some.
Live callers:
865/404 caller: What do you mean by the clock is ticking? Is it now time-driven rather than event-driven?
RayRen: I’m thinking an hourly clock. There aren’t any more events to take place!
Caller: I am assuming that Zebari was holding this up and now that he is gone…
RayRen: I think his dismissal will not affect this at all, OR accelerate the process. That’s just my conclusion, no something others have told me.
Caller: The UN is in full session – what role does that have, if any?
RayRen: I think that’s just natural politics that have to take place, but in terms of the grand scheme of things, there is no mention of those political things taking place. Either they chose not to mention those, or they have no bearing on this situation.
941 caller: someone posted on Saturday that someone exchanged 100K dinar in Florida for $580K. Has anyone been able to verify that? Have you heard of any new rates?
RayRen: No. That was reported Saturday, but that doesn’t mean it took place on Saturday. I haven’t heard any new rates.
707 caller: I may have missed the first few minutes… do you have any concerns over the false accounts fiasco at WF? Does that give you any concern about leaving your money with them? What do you think about credit unions?
RayRen: Today, I have no reservations about dealing with Wells Fargo; if I should learn something new tomorrow, I might adjust my plans. Right now I don’t have any issues about dealing with them if they offer good products. I will also have a group of professionals advising me as to the best route to take. I have an account with credit unions and intend to do some business with them. But Wells Fargo is a very strong bank; they might sustain a hefty lawsuit and still be the top bank in the US. I’m not going to anticipate any problems before they show up. I’ll consult with my team; if there is a lawsuit, I’ll ask what they think the results might be. If they stay strong, the rest won’t bother me. That’s how to look at things financially. How prepared is WF to weather the storm? I don’t know how to determine that, but other people do know how, and I’ll base my decision on what they suggest.
Caller: WF stock is at a five-year low; maybe we have an opportunity to buy stock now! Also, we have a Masters Trust for our family trust, with a checking account. I opened two other accounts with WF for the trust to put the currency exchange into. Do I have to exchange in the name of that trust?
RayRen: Get together with the people who helped you set that up and make sure that you are doing everything correctly, because it doesn’t sound like you are. See if they sign off on how you are running the trust, and that will answer your question about the currency.
870 caller: When I first got into this three years ago, Tony said the government didn’t want us to have this money, and I was wondering what has changed.
RayRen: They still don’t want us to have it, but they cannot stop it. We’ll have to wait it out, see what happens, and have a plan for it. Let’s get all the details first, come to a conclusion, and create a strategy to deal with that situation.
I have answered all the questions in the Q+A section. We are in a good place: no promises, so nothing to be upset about. Some people are getting projections of 800 numbers, but that’s been going on for weeks now. If they are going to come out, they will; I haven’t had any indicators of 800 numbers for today. I am just waiting for something to surface tomorrow, and if it does, I’ll send out a text, post it in the forum, or have another call if it’s that important. I hope to hear if the clock IS ticking, or when it might start. Try not to read too much into everything being put out. Just be reserved, sit back, wait, assess everything that is being transmitted on both sides of the equation. That way you will not be creating the cycle of over-excitement and disappointment. Examine everything that comes up, and that way you can see if it’s real or just what someone is looking forward to, without substance or a real timeframe.
I have to speak in code to protect some people’s jobs, and other people’s egos. I am not attacking anyone, but some don’t know how to give information properly. There is a correct way to give information and some have not quite mastered that yet. They just share, and sometimes that leads us to incorrect conclusions, creating frustration and anxiety. So receive everything carefully, cautiously and articulately, and you’ll be okay.
We’re in a good phase and a good week; I think I’ll talk a bit differently after tomorrow. Meanwhile, keep believing…
RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA
