TNT Call notes 14-Nov-2014
Tony: Good morning, TNT! Today is Friday, November 14, 2014. DC, how are you doing? Pam, Ray – everybody’s good? We have great information, to tell you the truth. Last night I know everyone hated hearing what I’m about to tell you now. We got some information from certain people, and man, Tony’s going to look like a prophet! I say that because it’s the weekend!
DC: There is a bunch of stuff being passed by the Iraqi Parliament; they are leaning in every day more and more to solve the issue. HCL was confirmed with a few tweaks and everyone is relieved that will not be contentious. They are making good progress with ISIL, with their soldiers starting to melt away. There are quite a few putting down their arms and getting back to normal society. This is making ISIL more nervous and maybe a little more fanatical, trying to keep people onboard and working with them and also cornered people can be stupid. They told people in the mosques to get ready for change any moment.
The banks are moving money around and doing dress rehearsals for the weekend.
Tony: HCL was announced in the paper and ABadi even sent congratulations. In Iraq, they are being told that on Saturday, all Qi cards will be loaded with the same rate. They ‘ve been told that before, but it might actually happen because everyone is in agreement. Celebrations are scheduled for Saturday as well.
DC: That’s right, they are preparing.
Tony: It’s looking like a great weekend. Even though we’ve heard that before, this time is a little bit different – Tony might look like a prophet this time. Everyone over there is excited and ready. Oh! There is one thing – coins are now being issued to the citizens, not the banks.
DC: They are doing a big distribution push for Saturday. In the USA, the UN is quite upset this has not gone through, and there are issues of the provinces going bankrupt if this doesn’t happen, so the UN is pushing in an major way now. It’s applying pressure on the situation. Before, Iraq couldn’t talk about the US doing this, but now the provinces are going bankrupt, and that is applying pressure on the US. In Washington, BIS+IMF are coordinating timing; most leaders are at the G20 meeting, but there are plenty of competent people here. Is the US playing ball or not? We hear that te UST and administration are preparing the banks for this weekend, and we are happy to see that. The bosses are at G20, and they would like to slap each other on the back for the RV happening – it’s not a driving factor, but very nice to have.
Banks across the world and specifically in the US who have said they won’t do it until it goes public have pulled their people in, anticipating the general release to the public. Exchanges are still going on, with cash receipts, not just SKRs. We’ve heard this before, and I think this is kind of different because many banks are being extremely cautious after being misled in the past, and they are now participating and bringing their people in to the right locations. We are at the one yard line, ready to score.
Tony: Security hasn’t been in for weeks or months, and full security has been scheduled for this weekend. Last Monday, banks were advised that they would be exchanging over this weekend. Tier 2 banks have also been notified and are willing to participate this weekend.
DC: We are being cautious, because we have been on this edge and they have been exchanging people for two weeks. We have to be expectant this will work out. I am personally optimistic, but we have been on this brink before, so I’m cautious, too.
Tony: That’s right. Even though everyone is excited and ready to go, and everyone is in agreement, they are still living and breathing and they could still screw it up. Also, with the negative things going on in Iraq, let’s hope that will be a reason to let this go.
One of the main things that has been stressed to us is for you to use the words, “I am here to exchange some foreign currency”. If you say something other than that, they have no choice but to treat it differently. There are people from multiple agencies who will be observing and reacting to what you say – not what you intend.
DC: We have received 7-8 confirmations that various agencies will be in the banks to confirm that they will do what you SAY. That is being taken very seriously. So ONLY say you are there to exchange.
Tony: A bunch of you will have wealth managers and be treated differently than average customers. They are there to help you, and the more money you have the easier they will want to make your life, from buying homes to flights to concert tickets. Whether you exchange at the bank or wire the money in, the wealth manager is there to give you that perks, so ask them for it. Interview that person, and know that s/he can do the things that YOU want, not that s/he wants. Make sure it’s your agenda – they will make money either way, on interest every day. They are there to advise you, but it’s your decision because it’s your money. So we need to focus on diversification. It’s absolutely better not to put all your money in one basket, industry or bank. I intend to split my money between four banks, and I’ll tell them so because I want to see who does the best job before consolidation. We may not be able to talk about these things afterwards, so we are talking about them today.
Large purchases: don’t tell people you are paying cash. Wealth managers will want to negotiate for you, and they may well get a better rate for you. Ask them what they can do for you, so at least you know before you try to do it on your own. They work for the bank, and the bank gets fees off these services. I’m okay with that, if they can do something that I can’t do on my own! If they save me 10,000 and charge 1,000 for that, I’m okay with that. If you are not used to high-dollar purchases, they can possibly do it better.
DC: Be realistic with yourself: go slowly, take your time making any large purchases. Calm down and let everyone else calm down first, because you are not going to think straight under that first excitement. However, be cautious as well, in case they are just racking up fees for their services.
Tony: On www.tntdinary.com under “Tony Blasts” Pam has posted about 40 items that you can talk to the private banker in terms of bank perks. This is also a good time to review the ten things you need to do first. Everyone’s list will be different. If you are making gifts, arrange those now and explain how to exchange, because you cannot do that after you’ve signed an NDA. Look at other people’s lists and compile your own list of the first Ten Things you need to do as soon as you get that Tony tweet with the numbers!
209 caller: I sent you a message regarding the 3-D printer trade show in Burbank CA in January. That’s diversification right there!
Tony: There are definitely some hidden jewels in that industry that will allow you to diversify and provide a legacy for your family. I didn’t get your message, but I will be at the show anyway!
Caller: DC, we continue to hear about those blessed to exchanges now. How long can Iraq go without value to their currency.
DC: They have been expecting this to go for so long that there are now serious funding and bankruptcy issues with government, police services, etc., now. They are saying “You have to stop screwing around here; real people are being hurt here.” That is applying a lot of pressure to get this done.
Caller: We’ve been told our time at the bank is limited – how do we go over all these points if we only have 20 minutes?
DC: It’s cattle in the chute, in and out. The wealth managers are supposed to contact you about fees and investment strategies for the future, with in 72 hours. I think it might take a little longer, but they will make a valiant attempt to explain why their banks are the best. These are supposed to be partnerships, and you can tweak the terms a little bit. The wealth managers will have authority to do that.
Tony: With that wealth manager in subsequent appointments, that is the time to adjust fees and such. Any dates for our events?
DC: No updates on that yet.
Tony: I want to thank you all again for all the letters from the banks and Congress people, your personal letters and stories. I’ve read every one. Thanks for the paintings and the cigars, too. I really appreciate all the donations to the site as well. I keep thinking every Wednesday this will be done, because I listen to DC, too! I think the weekend plan is a good plan, and I just stretch out the bills as long as I can. We look at every part of the plan that we can, and even though we don’t share all of it with you, we do look at the whole picture and try to share as much as we can because we cannot after the NDAs. Please pay attention and ask pertinent questions, because you may this information sooner than you think!
Hmm, someone from the 916 area has invited me to Morton’s for dinner tonight. I’ll have to clear that with my wife…
916 caller: I’m in the same area, so I can invite you out tomorrow night for the best Italian food you can get!
Tony: I love Italian food – and my wife loves pasta!
Caller: Bring her with you! By the way, please don’t call me “ma’am”.
DC: That’s been said before, but I called my grandmother and the military to call everyone “ma’am” and I can’t NOT do it!
Caller: Is there someone in the administration holding this back until January to force their agenda before the Republicans take over the Senate?
DC: It’s possible, but there isn’t much to be gained by doing so. They might hang the pipeline it over someone’s head, but it’s unlikely because the Republicans and Democrats both want to claim this on their watch, so there is pressure to get this done.
Caller: I was in the Air Force and I’m 100% disabled; since last fall I’ve donated $750 to the site because what would I do without your information? I am not on the forum, so I would appreciate it if you would ask Pam to let me on to beef up the military presence.
Tony: Thank you for that. I will definitely talk to Pam about that. I don’t track specific individuals, but we can definitely have dinner – I think you deserve that. I should buy!
650 caller: What’s the smallest coin that is being distributed tomorrow?
Tony/DC: All of them. The smallest is one fil, like a penny.
Caller: When is the most logical time for this to be released – 2am? After banks close?
DC: Simple question, convoluted answer. A lot of bankers and finance gurus would prefer 2-5am because it’s Iraq’s morning (10am mosque), Asia is still going, and Europe is just waking up. The original plan was designed for announcements at the 10am mosque. Some folks prefer 9am EST, just as the banks open, some want it at noon when the West Coast banks open, etc. Everyone has their own agenda that they are pushing. Given all the changes and immense complication, and the exchanges left and right, they don’t really need a particular time. It would only take two minutes to push it to all the computer systems. Iraq doesn’t care – they are saying to do it already and they will work it out. Most in the dinar world see the weekend as starting when the West Coast banks close on Friday. From 10pm Friday until 9pm Sunday is when most international transactions take place, so…
Next caller: If the dong is in the first basket, will it have a contract rate?
DC: We don’t know for sure dong will be in the first basket, but rumors stats that it will be the same rate for everyone.
559 caller: I’m super-fantastic! I’m Italian, Tony, and I have a post of spaghetti sauce on the stove, plus I make an awesome cheesecake. You have answered my questions and I’m looking forward to the 800 numbers. I opened a new account for my son, and I asked if they sell foreign currency. I asked if they had a Delarue machine, and they had never heard of that. But the lady helping me said that she had dinar (which I never mentioned). She said a friend in Washington told her about it a year ago, and the bank would not let her buy or exchange it at her own bank, where she worked for 17 years. She is going to another bank to exchange; her wealth manager still says it’s a scam. She said, “I don’t care what the rate is, I know it’s going any time now, and I just want to prove that guy wrong!” She’s waiting for the call from her friend telling her to exchange.
Tony: We get info from bank people. The staff were trained nine months ago, and they were directed not to say anything. They longer they drag it out, the more employees and others will hear about it. Hopefully it will be over this weekend. Great story – thank you!
313 caller: Did I hear you say the dong isn’t in the first basket?
DC: We don’t know. Right now we hear it is, but have heard rumblings it is not. It must follow closely behind to stop double dippers, etc. We’ve heard RV first and GCR a few days later, or alternatively that they may push the GCR further off – maybe 30 days for the dinar to adjust. They have to make adjustments, and they always wanted some time between the dinar and the rest of the currencies changing, but because of double-dipping and ease of management, they have been reconsidering that. That’s all I know right now.
786 caller: Good morning! DC, on Wednesday you reported exchanges at some banks in Florida. I have a contact at one of the top four banks, up to regional VP in Florida, and one goes even high. They are reporting NO exchanges in Florida. What department do I need to contact?
DC: Our understanding that only select wealth managers are able to put people on lists. The WMs won’t admit to this because they will get in trouble, so how do you get to them? It’s all compartmentalized. You have to ask around quietly without getting people into trouble. They are keeping these lists very close, because some of these WM handling major players who don’t know anything about this. They are scaring them so much they don’t feel they can ask. You need a special relationship with someone you can just lean over and whisper to.
Tony: We have a whole city with only five WMS who are trained in this, and they are not going to risk their jobs for some person who just calls up. Some don’t even know how the exchanges are funded. They are just doing payouts, and they have kept those people separate to keep this confidential. Three Regional VPs have not been able to put me on their lists! There are at least six different codes, and it’s hard to get on that list. They are telling their WMs to just bring in the people they know and have been talking to, not total strangers.
DC: Again, don’t call the banks and ask – they don’t have an answer.
Tony: They will call it it a scan. We KNOW people who have exchanged, we know the rates and the numbers that have been exchanged – or at least what the banks say.
602 caller: God forbid this doesn’t happen this weekend – what is the impact on the Iraqi people and the contractors who are working over there? Isn’t it dangerous for them?
DC: Yes, it’s becoming dangerous and complicated, and businesses/people are suffering greatly. The Iraqi people are saying “this is what is happening to us personally” and their frustration level is very high that foreigners are holding up their currency. On the one side they are saying, “this is their currency and we need to let it go” and the other side says, “we are just being cautious.” The stress and strain is enormous and they need to just let this go.
Caller; We know only a few are holding this up… with our military over there… [can’t hear]
Tony: She’s right – as many problems as we are having over here, with people losing houses and cars, our worst-case scenario is better than what they are going through over there, with no shelter, water, electricity, and wondering if they will see the next sunrise. All that could be changed by the revaluation of their currency, with people putting down their guns and buying beds and groceries – that would change the rest of their lives. When I hear about problems here, I think about how much worse they are feeling, knowing this should have already happened, and finding out not even their own government but someone else is putting them through all this!
