TNT Call notes 13-January-2016
Replay 641.715.0623, PIN CODE 409029#
RayRen: Good afternoon, super-fantastic TNT family! Today is Fantabulous Friday, January 13, 2017, yours truly RayRen98 at the controls. Where are we, folks? The tweet said it’s ‘quiet – too quiet’, so this should be a short call.
Questions from the TNT forum
Q: Is it possible to avoid the taxes by exchanging your other currencies and leaving the money digital and then use the bank to buy more dinar and leaving it digital until you move it to trust? A: I have no idea what you’re talking about. If someone else gave you that idea, ask them to explain it to you.
Q: We have 3 things that must happen: deleting the zeros, the release of the lower denominations, and the raising of the value of the dinar. In your opinion do you think all of these will happen simultaneously or is there an order that these should occur? A: Deleting the zeros doesn’t have to happen; that’s something they are going to do anyway. We are expecting an RV any day. I don’t know of any pecking order, although naturally you have to raise the value before releasing the lower denominations. We believe they did release some of the lower denoms before, and people in Iraqi then complained those notes were worthless.
Q: My question is we hear a lot about Dinar but almost nothing about the Dong, Is there any information as to the last reported likelihood of the RV amount, if you can say. A: You don’t hear a lot because ethere is not a lot being said aobut the dong – the bank contacts seem to be seeing a rate of 47 cents.
Q: Have you heard anything within the last week on Iraq being officially and completely released from the UN Chapter VII? A: Nothing officially, although there are hints indicating that is the case.
Q: A comment on the last call, made me worry that what I had done years ago, now may be misplaced. It is just my daughter and myself so when purchasing dong and dinar I gifted her quite a bit of dong and some dinar. She did not have the funds to purchase them herself. A comment made on Wednesday made me feel I should not gift and just put in a trust when I can. I felt comfortable with the gifting. But we knew we would be doing a trust following the RV. So please give me direction on this. A: If you’ve given the gift, it’s done – don’t worry about it. Not everyone dances to the same beat, so don’t worry about someone else’s beat. That advice was for that particular situation, not everyone’s situation.
Q: About LEVERAGE, please clarify. Say I find a bank that is buying & selling my currency. I exchange, say, a 1K IQD note at $1 per Dinar. I receive US $1k. If I then repurchase IQD, the price us no longer $.0002 (my original purchase price), but now $1 per Dinar, + the spread. Where is my leverage in this case? A: You don’t have leverage there; all you had to do was to hold onto the dinar in the first place. That’s a straight basic dinar exchange. Had it been a different currency, or rather than repurchasing IQD, you could use that money to buy one or more of the other currencies that is still very cheap.
Q: Can you please address the events or conditions which are not yet complete that could be factor in holding up our RV/GCR? My reason for asking this is that I was surprised when your last message referred to a Supreme Court law as needing to be enacted. A: I can’t tell you the answer to that question, and don’t think anyone can. As for the Supreme Court law, that was a surprise to me, too. That’s what they told me, and I didn’t question it; I just shared it. Articles were also in the news supporting that statement, and those explain it better. All it means to me is that we still have an RV…
Q1: Do you feel that if I exchange currency in an entity (LLC, corporation, trust) I would be given the same rates and terms as if I were exchanging as an individual? A: Yes, I do. The volume of what exchange might get you a better rate – individual vs. entity exchange probably won’t make a difference.
Q2: With the most up-to-date information that you have, how do you think the RV/GCR will unfold? A: I have no idea. I rely on the facts as best I can ascertain them, but as for the process… I really don’t know. We have to wait on that one together.
Q + A Callers
865/404 caller: Anything from the mosques in Iraq?
RayRen: Nothing coming to me from the mosques. They are pretty tight-lipped there.
Caller: In the Iraqi papers they said people are restless and planning demonstrations. And feedback on that?
RayRen: They did say it is being dealt with.
Caller: With all the fighting in Iraq, what’s the response to the DA-ESH leader being dead… how does that relate to the RV being released?
RayRen: Nothing yet.
406 caller: I just went to Chase Bank in Idaho; they are not deling with the dinar now but they expect to. They do deal with dong, at a rate of $40 per million dong.
918 caller: With the information you possess, can you educate us on the Afghan currency? What denominations will be exchanged, and at what rate?
RayRen: The 1,000 note has been exchanged and some banks have accepted the 10K note and then rejected it. The RV rate for that currency as $2.39, and I’ve been hearing that for the better part of a year. The 10K note is still somewhat questionable, though.
406 caller: I’m having trouble with what I need to ask at WF. We know some say they will be exchanging and others say no, and we haven’t heard anything official from the upper echelons…
RayRen: You can’t make her say what you want her to say; she can only say what she has been told to say. I wouldn’t ask anywhere else until the time comes. THEN, very likely the bank that told you No today will say Yes at the appropriate time. We now have 19 different banking institutions across the US are now buying and selling the currency – at an unattractive rate. They all said No at one time, and that they would never deal with dinar especially. Now we have some Wells people where at least we see IQD on the screen, although there is no rate as yet. That shows you how things keep changing.
Caller: I also talked to Bank of America; they moved and the closest is 250 miles away.
RayRen: Maybe they were trying to tell you something! [chit-chat]
808 caller: In a trust, there is a grantor, a trustee, and a beneficiary. Who is the beneficiary? I want to control it without owning it, I assume I want to be the trustee
RayRen: Whoever the grantor decides is the beneficiary. I think you are overthinking this. Who do you want to receive what you own right now? That will probably be the beneficiary of the trust.
Caller: If I have given currency to my children, and on second thoughts believe it might be better to give that currency to a trust for their benefit, is it better to set up the trust first?
RayRen: If you are giving currency to a trust, then you don’t want to give it to the children or grandchildren – then they own the currency, and you want them to control it, not own it. Once you have given it directly to the children, they can use it any way they want – they own it! Use a trust, if you want to retain control.
Next Caller: What do you mean by digitizing your dinar?
RayRen: If you want to hold onto any of your currencies AS dinar, dong or whatever, then it is better to deposit it in a bank that will hold onto it as dinar (for example). Some banks offer a Multi-Currency Account (MCA) to do this, BUT there are no banks in the US that will allow you to deposit dinar as dinar, dong as dong, etc. There are banks in the world that will do that. In the US, however, even those with MCAs require you to exchange into US dollars first.
470 caller: If this thing doesn’t happen quickly, you may have to create a paid platform – will we have access to the forum then? If so, when do you see that happening?
RayRen: I ‘m hoping for the RV this week or next, and I hope this never happens, but if so, it will be a whole new membership structure.
Next caller: I see that all the existing seminars are full… how can I sign up for one? And I appreciate your keeping all this real.
RayRen: When the RV happens, we will reset all of those. You can register again. And being real is my aim. All these sites that are saying “it’s happening today” over and over again… but we do know that this currency is real, and the revaluation is real. There is enough out there to show us that it is actually happening. At one point, people didn’t truly believe the dinar was real, but as banks recognized it and service-people came back with some in their pockets, then people understood that it was real. Then the leaders in Iraq started saying in public that they would be creating economic reforms and that they would be the richest country in the world again – what else do people need?
618 caller: Were you referring to 10K notes in dinar or Afghanis? [RR: Dinar] So 10K dinar notes are still good? [RR: Yes.}
Next caller: Other than downtown Baghdad or in Vietnam, where do you think we might be able to digitize the currencies without exchanging them?
RayRen: Jordan has come up more than once. If there is a place you want to go anyway, outside the US borders, contact some banks and ask. I am going to check into the Grand Cayman island, because they have over 400 banks there. Call and ask!
Caller: We have events this next week, and I’m thinking President Obama will announce this on Sunday or Monday before leaving for Davos and the World Economic Forum. Dr. Shabibi will be there for sure, and of course that would give PM Abadi the opportunity to toot Iraq’s horn when he comes to the US for the Inauguration. What are your thoughts?
RayRen: I only comment on the intel I actually receive, and nobody has talked to me about those visits, so I have no opinion.
501 caller: When we do to an exchange center, if we walk in with a million dinar, and receive three million or so USD; we’re not going to walk out with cash, so what do we do with that money?
RayRen: The exchange centers are all ‘branches’ of particular banks; I will walk out with a receipt for money in a bank account. I don’t know much about these exchange centers, but the one or two I do know about, the exchange center is a part of that bank. They will automatically deposit that money in my account.
312 caller: Anything new from the US banks?
RayRen: Same old, same old… although one member and his friend where shown a zim rate of nearly a dollar, right there on the screen.
619 caller: On one of the forex sites, zim was posted for about 14 minutes, about multiple millions for a trillion zim. Now you said you would walk out of the exchange with a receipt… maybe a few days before you can use the deposit?
RayRen: I never said there would be a delay, not for a deposit. I heard there might be a week’s limit on the contract rates, and then they would be gone. One bank said you could access the amount immediately and another bank said you would have access the next day. Ask for the most effective way to move money to other banks – the most efficient way and the most cost-effective way. I don’t know that there is a limit on how much you move, and even if there were, I have a strategy. I will tell bank A that I have five million on deposit and will want to move two million, bank A will let me know how and when I can move that (if, say, there is a limit of 500,000 per day in wiring money). So long as I know the parameters, I can figure out how to work with them.
It’s the weekend, so have a good time and don’t worry about things you cannot control. The RV is coming and I am looking for it until it arrives. I’m looking forward to the time off over the weekend; as of this minute, none of my sources have given me anything to expect going to the bank over this weekend or Monday (which is a holiday). If I receive any information, you know I will let you know. I’ll keep you updated with as much real information as I can get my hands on. We know the end is coming, sooner or later. In the meantime…
RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA