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Wednesday, June 5, 2013

FRANK26 CONFERENCE CALL WITH EAGLE1, 5 JUNE

Frank26 Conference Call, IQD Update Following Bible Study

Frank's Playback CC LINK  Run Time 142:53   Dinar /Baskets Begin at 86:05

Tuesday, June 04, 2013  Notes: BulldogFord65

• Tonight’s call will review the baskets

• The format will be Frank interviewing Eagle1 with the questions from the forum

• The KTFAlways.com website is being purged of fake/obsolete memberships this weekend; to avoid membership being deleted, you must have at least 1 post on the forum; if you have 0 posts, you must make at least one post to keep your membership active

 At this point, Eagle1 joined the call
  • Frank said that he has declared the entire month of June for study, dividing the month from 1 – 15 and 16 – 30; why??

• Eagle1 replied the first basket with 25 currencies in his opinion is imminent for RV, we are moment by moment

• By the weekend of June 13- 15 Eagle1’s opinion is that the second basket of currency is expected to RV, and this basket contains the Canadian$ (CAN$); it will NOT lose value as originally thought, but should increase in value against the US$ approx. $0.20 -$0.30

• Eagle1 knows the countries in the first basket, and he will post them on Frank’s forum

• Eagle1 only knows 2 countries in the second basket, but believes he will learn the other countries in second basket in the next 48 hours

• Frank mentioned the Canadian financial planner will be on the June 12 investment night, not tomorrow’s call

• Eagle1 continued that since the CAN$ is not devaluing, it’s a good place to park US$ short term, suggest looking into this strategy short term

• The third basket contains the US$, the US$ will initially take a 50% hit by the last weekend of June/first of July; the US$ will devalue internationally

• Second and third baskets both contain 30 currencies (first basket is only 25)

• There are more baskets that that will follow, but all need to be done by October because legally, they only have 6 months to do this

• Eagle1 does not have info yet on 401K’s/IRA’s etc, but it’s clear that the US$ will take a hard shaking

• When all is complete, Eagle1 is not sure where the US$ will land, in his opinion it will recover a good chunk, but no information yet

• Our currency is being called in, and will be replaced by asset backed currency; when we turn in currency, it will be replaced at the devalued amount

• Eagle1 recommends to keep as much foreign currency as possible, stay out of the US$ as much as possible, and get debt free as much as possible, operate on a cash basis,

• The only exception Eagle1 is aware of are Treasury Bills, he has heard they are not going to devalue; in his opinion, the Treasury will stand behind them so they can continue to sell our debt

• Eagle1 advised us to prepare, there are going to be a lot of changes

• Frank’s observation that the second basket is mid-June and the third basket is estimated to RV at the end of June - first of July; the US$ is in the third basket, but we will not see the effect immediately, it will slowly, chronically creep up; the best way to see the effect is to study imports coming in the USA – they will cost much more, and as the import inventory creeps up, we will see the cost much more prevalently

• The US$ will teeter up and down violently in rate; do not confuse this with the physical change of the US$ -- there is a rate change, and there is also a physical swap of currency, the old notes will be gathered in and replaced with different, new notes; Eagle1 will discuss this more at a later date

• Eagle1 advised to keep track of transactions with the old dollar and the new dollar, there will be the greatest fluctuation in the first 2 weeks of July, STAY DEBT FREE and function on as little money as you can

• Eagle1 reminded us that when we do an exchange of the IQD, make sure to sow your seeds in the kingdom of God first, before buying/paying off anything with the exchanged IQD, offer to God first and He will multiply it back to you

• The CAN$ will gain about $0.20 - $0.30 against the US$; Frank does sell CAN$

• Frank asked: When the US$ changes to backed currency, will it be gold only? Eagle1 replied: No, it will be gold and intrinsic-value asset (oil, natural gas, minerals, other precious metals)

• Iraq will be 100% gold backed, but USA does not have that much gold to 100% back our currency

• US importers will be hurt, and US exporters will be helped by the US$ devaluation

Andy came on to the call at this point

• He received an email from a trusted friend who went to the bank today to look at mortgage refi, and he asked the banker about the IQD; the banker acknowledged the IQD and that it will RV soon, but advised this man not to exchange right away as the value will fluctuate so much -- but if he would hold on to it for about 2 years, the value will go MUCH higher

• The banker said there will be no fee to exchange; the bank was Sovereign Bank

Bluestar came on the call at this time

• Eagle1 reported that WF has said as long as customers deposit the foreign currency equivalent of US$250,000 or more, the deposit can be kept in the foreign currency (example: Deposit enough IQD or VND to equal US$250K, the bank deposit will remain in IQD or VND); the foreign currency can be easily exchanged to into US$; Bluestar commented how huge this is; very good news

• Eagle1 just posted the first basket of currencies on the forum (listing of 25 countries)

• Eagle1 talked to WF today, and people who have had their accounts “foolishly closed” by WF said that the situation will be resolved immediately and with an apology

• BOA manager admitted they tried to propagate the “IQD scam” myth among their employees so that they wouldn’t invest, so that with the RV happens the employees would not quit

• BEWARE of the scam coming out of NV offering outrageous amounts to cash out the IQD, you will never see them again! They take the dinar promising $3 - $11, and then when the people ask for their money, they are told the IQD was fake and was turned into the UST – of course they have kept the IQD for themselves; BEWARE of this scam

• Frank will make another shipment to the MB group on Thursday, it’s almost done

• Frank suggested to look at the WSJ – look at articles on oil boom in ME, possible Detroit bankruptcy, etc, much valuable info; also reminder to study history and learn from it; when the economy got this low in our history previously, banks closed and people lost their money – not saying that will happen, just study and be prepared

• Notice came while on the call that the forum is down due to the server

• Frank ended the call with prayer, and Andy lifted the prayer with the shofar horn blast

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