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Wednesday, January 21, 2015

TELESCOPE NEWS :zimbabwe gold backed currency 2015, 21 JAN

 Telescope News) COLOGNE- President Robert Mugabe’s administration, is reportedly sittings on wads of a new Zimbabwe currency to be backed by a gold standard, which can be issued at a moment’s notice as a home grown panacea to manage a dwindling economy, The Telescope News, has been told.

The idea for the gold-backed currency was first discussed in private, between Mugabe and fallen Libyan leader Muammar Gaddafi, on the side-lines of the inauguration of South African leader Jacob Zuma, in Pretoria in 2009, according to senior government officials.
Gaddafi wanted a common gold currency for the whole African continent, while Mugabe had proposed that it was better for the African Union (AU) member states to introduce the gold standard money individually, before announcing one common currency at a later stage so as to throw international financial players into confusion.
Disclosures of the top secret, come at a time when finance minister, Patrick Chinamasa has been defending the country’s use of a multi-currency regime since 2008, as a tactical strategy to contain “the enemy” because he cannot “devalue his own currency”.
Harare officially uses a currency basket, which includes: The Botswana pula, the British pound, the euro, the South African rand and the US dollar as the citizenry monetary options, following the collapse of the Zimbabwe dollar due to mismanagement of the economy by Zanu PF. Early this year the RBZ added four new currencies, as legal tender namely: the Australian dollar, the Chinese yuan, the Indian rupee and the Japanese yen.
Dispite concerns that introduction of the new currency alone, without addressing the supply side of the economy, characterised by company closures, will fuel a new wave of inflation, Mugabe appears determined to rid the country of what his backers are calling “Western monetary imperialism”.
This reporter, wrote about Zanu PF’s threats to return the local dollar last year in a London based online publication, whose report brought to light Mugabe’s intention to railroad a new currency as early as June 2015.
Economic analysts yesterday said, the idea of introducing new money prematurely was detrimental to the health of the economy, which has somewhat stabilised owing to the use of the multi-currency regime.
They point out to growth and external competitiveness challenges, which Zanu PF’s economic blueprint ZimAsset fails to address, as indicated by the economy’s low trend growth and poor foreign direct investment levels, declining share in world exports, coupled by high current account deficits, and an external debt now topping US$8 billion.
An economic adviser to the central bank also said government does not have the adequate resources such as money, facilities and logistics to introduce a new currency in the middle of growing political tensions.
“The budget for the project in foreign currency terms is simply beyond the state’s resource capabilities,” she said.
The new printed currency, which is said to be warehoused at various high security locations in the capital, including Fidelity Printers and Refiners in Msasa comes in bank note denominations of $2; $5; $10; $20 ; $50 ; $100 and $200 according to Reserve Bank of Zimbabwe (RBZ), International banking sources. Fidelity Printers and Refiners, is a subsidiary of the central bank, and the largest security and commercial printing company in Zimbabwe, which also specializes in buying gold.
A coin regime of 1cent; 5cents; 10c; 20c; and 50c reportedly accompanies the new notes.
http://www.theeventchronicle.com/finanace/zimbabwe-pushes-gold-backed-local-currency/
“The new money is already in the country, but I cannot disclose to you where it was printed, because that was done abroad,” said the RBZ staffer. “We have many security locations in Harare where the new Zimbabwe dollar is being kept for security reasons. Once the president authorizes it’s issuance, it will be in circulation within 24hours after the central bank governor makes a public announcement to that effect. The only reason the new currency is being withheld, is to do with national security. There was an intelligence briefing made to President Mugabe, about the dangers of removing the multi-currency regime without careful planning, as there was a likelihood of a mass revolt in protest of the Zimbabwe dollar, which many locals do not want to see especially at this moment.”
Further intelligence information, on the matter shows that the new currency, if not introduced by June 2015, has a strong possibility of being launched under an Emmerson Mnangagwa presidential administration, which government insiders say could be in office by 2016.
“Mugabe might be forced to stick to the multi-currency regime, although he really wants this new money out next year. However, it is certain that the Zimbabwe dollar will be back for good, whether we like it or not no later than 2016 under a Mnangagwa presidency. It is now being speculated in official circles that Mugabe has decided to retire, and that Mnangagwa will finish his term until 2018.”
Mnangagwa is currently acting president, until mid-January 2015, when Mugabe returns from his Asian annual holidays.
The Telescope News, has gathered from other sources, that government has licensed a Chinese company, to be the new printer of the Zimbabwe dollar, with technology from the firm expected to be acquired by Fidelity Printers, in the long run, to enable Harare to print it’s own money matching international standards and security features.
In the past the local dollar has been printed in Britain, Germany and Canada.
As early as 2008, Zimbabwe used to print her currency at German company Giesecke & Devrient. However the firm bowed down to pressure from rights groups over Mugabe’s government human rights violations and abuses, and decided to stop doing business with Harare the same year. German chancellor, Angela Merkel, had initially said Giesecke & Devrient’s Zimbabwe contract was a private matter. However her foreign minister at the time and currently, Frank-Walter Steinmeier, ordered the company to halt deliveries according to the Wall Street Journal.LINK

RV / GCR UPDATE, 21 JAN

S3A : 
  • The global security councel marches on washington on febuary 20th this is the nwo in your face....you will do about what your told. Group of nincompoops....the only way they can do this is if the convert to basel 3 sign the treaty for the republics.....they are about to get it done window date for reset is 24th, pray harder
  • Right now. I will tell you who has more gumption at telling the truth......even with all the hopium mixed in......I told you the truth even when they kick the can and do everythong they can to discredit and destroy the truth. God is GOOD. I AM BAD, THEY CALL IT A STRUGGLE. but iI will strive to run a good race. They the fiat system is LOSING. Look around.......PT
CURRENCY EXCHANGES ARE IN TIER 4/5 OF RESET of this 7 STORY MOUNTAIN THE PROJECTS 6th floor and THE PROSPERITY PKGS. Next to lawn and garden on 7

ZAP / POOF MID WEEK REPORT , 21 JAN

Subject: Mid-Week..'THE OFFICE OF POOFNESS'

Date: Wed, 21 Jan 2015 20:20:53 -0500

HI ALL  

PROGRESS IS VERY GOOD ON THE FUNDING FRONT. I EXPECT TO HAVE FIRST FUNDS SHOW NEXT WEEK TO BEGIN WHAT WE ARE ABOUT TO DO, AND I HOPE TO HAVE FUNDING COMMITMENTS DONE FOR THE FIRST BATCH OF PROJECTS THE WEEK AFTER.

AS PREVIOUSLY SAID, THE SUBMISSIONS FROM THE DHINTAKE PORTAL WILL BE ADDRESSED IN THE FIRST WEEKS OF FEBRUARY. 

THIS TIMELINE WAS GIVEN TO ME A DAY AGO, AND I BELIEVE THIS TO BE THE START OF ALL ELSE THAT WILL BE FORTHCOMING.

I DID HEAR THAT THE RED DRAGONS AND OTHER FAMILY FACTIONS ARE NOW EXPECTING TO START FUNDING IN MAY.
~~~
I DO NOT KNOW WHAT THE ISSUES ARE SURROUNDING THIS ADVANCE IN THEIR TIMING, BUT I AM SADDENED BY THE EXTENSION.

THE PURPOSE OF THE MONEY IS TO HELP, NOT GET MIRED IN ISSUES STEMMING FROM PROTRACTED NEGOTIATIONS, GREED ISSUES, BANKER DELAYS, COMPLIANCE CAVORTING, AND THE ODD HANGNAIL OR TEN THAT CONSTANTLY PLAGUE US ALL.

IT REALLY IS TIME FOR A FAST TRACK APPROACH TO ALL SUCH ISSUES, AND I SURE HOPE THE DRAGONS CAN SPEED UP THEIR PROCESS.

TOO MANY ARE HURTING BECAUSE OF THE DELAY, AND MOTHER IS NOT STANDING STILL. SHE IS HURTING TERRIBLY WITH HER AIR POISONED, HER WATERS UNUSABLE, AND HER COAT OF OZONE FULL OF HOLES.

IF WHAT I/WE DO HELPS ACCELERATE THIS PROCESS OF FIXING HER, REGARDLESS OF OTHERS THAT ARE EITHER STUCK OR WASHED AWAY, THEN WE WILL DO THE BEST WE CAN WITH WHAT WE ARE ALLOWED.

I CAN NOT TELL YOU THE DEPTH OF SADNESS I FEEL EVERY DAY WATCHING THE HURT OF PEOPLE AND OUR PLANET SUFFERING. TEARS ARE NOT ENOUGH.

IN OTHER NEWS, PATRICK BELLRINGER IS ANOTHER ONE THAT CARES DEEPLY FOR OTHERS, AND I HAVE FOUND THAT HE TOO HAS A LIST OF TO-DO’S THAT EQUAL OR SURPASS MINE.

HE NEEDS SUPPORT FOR HIS WORK, AS DOES SUSAN FOR HERS, AND WENDY AND CASPER FOR THEIRS, AND MANY OTHERS THAT CARE DEEPLY. GIVE THEM A HAND IF YOU CAN.

ALL THESE DO NOT ASK FOR ANYTHING, AND RELY ON YOUR DONATIONS. JUST LIKE THE PUBLIC BROADCAST SYSTEM.

WITHOUT YOUR HELP, THEY WOULD NOT BE ABLE TO BRING YOU GOOD TV SHOWS THAT PROFFER YOU OTHER STUFF IN LIU OF BRAZEN DETERGENT COMMERCIALS, AND WHAT JUSTIN BEAVER ATE TODAY THAT GAVE HIM THE RUNS.

OH, AND I JUST WATCHED A DVD OF THE INTERVIEW, THE SONY FLICK ABOUT THE TV INDUSTRY. TOO FUNNY. AND IT SHOWS THE ACTUAL SIDE OF THE MORONIC SHOWS PEOPLE GET HOOKED INTO.

Hi Zap!  I know you're busy! But please, could you answer to me this email? I ve been waiting for the IMF send the codes to platform for so long... i dont wanna bother anyone, not the platform, not you... but you have so great information...

I am feeling sad with this situation... i do some volunteer job here in my city, and want to help so much people, its easy... i do not understand why the imf and us treasury still keep delaying.   Thank you... i ll be waiting for you!  Best Regards  YM
Hi Zap!  Thank you for answering in the blog.  I wanna ask you if you receive the confirmation of the release of TRN and the funds for H. Bonds .  I didnt had a positive return from my platform!  Best Wishes! YM

HI YM. AT THIS TIME, I CAN ONLY DO A BEST GUESS. THE IMF IS TO SEND OUT THE RELEASE CODES TO MANY SELLERS, THIS I KNOW.

THE TIMING IS FLUID THOUGH AS THEY WERE TO BEGIN LAST WEEK, AND THIS WAS PUT OFF TILL TODAY.

I WOULD THINK THAT EITHER TODAY OR TOMORROW WILL SEE THIS RELEASE. IF NOT, THEN NEXT WEEK.

THAT IS MY BEST GUESS AT THIS POINT UNTIL I GET VERIFICATION THAT THEY HAVE INDEED STARTED.

 WE WILL SEE. IF I GET THE INFO TODAY/TOMORROW, I WILL LET SUSAN KNOW SO SHE CAN TELL YOU AND OTHERS.

IN REGARD THE CURRENCY THING, GREECE WITH ITS BANK RUN, AND THE SCUTTLEBUTT WITH GERMANY REVALUING THEIR CURRENCY, SWITZERLAND PEELING OUT OF THE EURO TIE-DOWN, AND OTHER COUNTRIES FORGING AHEAD WITH THEIR VERSIONS OF THE SAME, ARE ALL SIGNS OF THE RESET WE HAVE TALKED ABOUT, AND ARE NOW SEEING PUT INTO EFFECT.

I REALLY HOPE THERE IS A COHESIVE EFFORT TO DO THE RIGHT THING AS THIS IS THE CRITICAL TIME WHERE GOOD THINGS CAN HAPPEN.

MY GUT FEEL IS THAT WE ARE WELL ON OUR WAY TO ENDING THE CRAP PARADIGM AND ENTERING INTO A NEW ERA OF PEACE, JOY AND PROSPERITY. I THINK I AM RIGHT. SNUFFLES IS NODDING SO THERE.

THANK YOU ALL FOR YOUR EMAILS OF SUPPORT. THEY HAVE FLOODED THE SERVERS.

IN OUTSTANDING GRATITUDE.  ZAP

“GOD IS; I AM; WE ARE”  “BE GOOD, BE LEGAL, TELL TRUTH”  January 21, 2015  Copyright ZAP 2013-2015

PS NOW GO DONATE TO YOUR FAVORITE. KEEP THEM ALIVE.

Thank you for any help you can provide us as we continue to help keep you informed. Please go to paypal.com..the account is goneforthfornow@gmail.com thru friends and family. If you have a problem please contact us @ 2goforth@safe-mail.net ....Consultations continue....S

Love and Kisses,   'THE OFFICE OF POOFNESS'   Susan and Staff

PT UPDATE FROM S3A, 21 JAN

  • S3A : 
  • GREAT NEWS FAMILY !!! PT ASKED ME TO TELL EVERYONE THAT IT IS DONE.AS OF 4:00PM IMF, WORLD BANK AND THE UST SIGNED OFF !!!! SAID HE WOULD CHECK IN AS SOON AS HE COULD !!!! IT'S TIMBERTIME !!!! WE GIVE ALL THE GLORY TO GOD !!!!!

    • You are all very welcome !!! He could only talk for a minute he was driving, but wanted to make sure we all had the news !!!! Be blessed everyone our GOD is expecting great works from all of us !!! You are a great family !!!

    • Got to go to the prayer call,ttyl8r !!!

    • High five

    • Get Er Done!!! Wooo Hooo!!! Thanks Mama!!! xoxo ;)~

    • High five

    • Thank You. You are always so nice. PT picked the right person to bring us the news. Blessings to you!

ISHMAN POST FROM TNT : The Tues through Thurs Agreement Window..., 21 JAN

Ishman:  The Tues through Thurs Agreement Window...

Great call today.  The details regarding the Tues Agreement among all of the RI / RV players seems more substantial than prior broken agreement examples with a written US acknowledgement of Iraq having met all requirements to reinstate their currency.

I listened carefully and heard Tony state repeatedly, we're in a good place, we're still in the period or term of the agreement.

I understood this to be either a Tues or a Thurs release of the RI, and we've gone through Tues.

I also heard DC state more than once, with Abadi and Shabibi in Davos until Sat, he didn't expect the release of the RI to occur while Abadi and Shabibi were out of country.
....
I did not clearly hear, other than early in the call an intimation, that the term of the Tues Agreement was extended through the weekend.

So I just wonder why Abadi and Shabibi couldn't attend Davos, and through Shabibi's long established relationships with Swiss bankers / SNB, release the RI while at Davos... and quietly reveal to all of the major financial players in the world, Iraq was ready to do business.

It seems to me a great vehicle to accomplish this with a personal touch.  No big, worldwide announcements.  The CBI team seems to have passed tests on Mon with flying colors.  And I would think there will be IMF and BIS as well as UST people present at the CBI to assist with any technical issues.

So why not let the Tues Agreement go under the original Thur window, with Abadi and Shabibi working the room in the best interests of Iraq.

I would go so far as to say, if I were trying to attract business and development to Iraq, a reinstatement of the Iraq currency while Abadi and Shabibi could evangelize the world's most important financial leaders would be an opportunity to valuable to allow to pass.

Seems to me, Thur Jan 22 is as good a day as any, a day when few will expect an RI with Abadi and Shabibi out of country, and a day where other news stories will provide plenty of cover for Iraq's RI.

Tomorrow seems perfect for a bit of slight of hand... where the shock of all the financial news may settle over the coming weekend.  Why not?

NEWS RECAP: GOLD - BACKED ZIMBABWE DOLLAR ON THE WAY, 21 JAN

Gold-backed Zimbabwe dollar on the way

RESERVE Bank Governor Gideon Gono’s (pictured right with Tendai Biti Zimbabwe finance minister) proposal this week for the introduction of a gold-backed Zimbabwe dollar is an idea whose time has come. If implemented properly, the gold-backed local currency will resolve the liquidity crisis currently ravaging the sanctions-hit economy.
In light of the global financial crisis and sanctions, Zimbabwe is
effectively barred from accessing any meaningful lines of credit and the liquidity crisis will persist if the domestic capital market is not re-activated with the introduction of a local currency backed by a precious metal.
There is no shortage of reasons for the collapse of the Zimbabwe dollar, but it is now universally agreed that quasi-fiscal activities by the central bank and excessive printing of money accelerated the demise of the local currency.
But the country has started to generate meaningful revenues with the
Zimbabwe Revenue Authority regularly surpassing revenue collection targets.


Previously, the government had been forced to print money to finance
everything. This is no longer necessary given the economic recovery and the discovery of diamonds.
The revenue from diamonds can be used to build the six months import cover and stock up gold reserves to support the Zimbabwe dollar as proposed by the governor.
The gold-backed currency is anchored on the premise that the central bank holds a large amount of gold (or other precious metal) in relation to the paper money that they issue. That means if the country doesn’t have any gold Reserves, no money can be issued.
This effectively eliminates the normal inflationary pressure that comes from a fiat money system referring to money that has value only because of government regulation or law.
Zimbabwe has systematically been excluded from the international credit system, specifically because of the Zimbabwe Democracy and Economic Recovery Act (Zidera) passed by the United States in 2001. The Act makes it illegal for any US national or entity to transact with certain companies or individuals in Zimbabwe.
This affects various institutions such as the World Bank, IMF, International Finance Corporation and African Development Bank where US representatives cannot vote in favour of any credit to Zimbabwe. This creates a huge political risk premium which makes international banks hesitant to grant lines of credit to Zimbabwe and Zimbabwean institutions.
This situation effectively blocks these institutions from doing any
meaningful business with Zimbabwe as the country’s political risk is
magnified. This lack of access to international credit markets has become very clear throughout the economy with banks failing to grant any medium to long-term loans. This is partly causing the mini-financial crisis rocking Zimbabwe’s banks as they fail to access reasonably-priced funding.
It is widely-reported that banks are lending at 40 to 60% per annum which is way too high an interest rate to give to a legitimate business transaction.
This has created a very high default risk and forced banks to avoid lending. This illiquidity needs to be addressed through the introduction of a gold-backed currency.
A modern currency is basically paper money backed by the country’s revenue generation capacity and assets.
The United States is the largest holder of gold reserves. How much of this is still in Fort Knox physically and not just on paper is another question as much gold is loaned out. In essence, the US has sold a lot of its gold into the market through gold leasing even though it still shows up on the federal reserve’s books as an asset (accounts receivable).
This partly explains why the US dollar is still the world’s reserve currency since the US holds the largest amounts of gold even though its exact quantity remains a subject of speculation.
In foreign exchange, no major currency is considered to be as safe andstable as the Swiss Franc. The country’s centuries-long policy of political neutrality, as well as the fact that 40% of its currency reserves were previously backed by the precious metal, contribute to the Swiss’s image as “liquid gold”. The proposed gold-backed Zimbabwe dollar can in fact be based on the same model.
Canada and Australia possess large reserves of precious metals and both countries have very strong, well-developed mining sectors. Australia is the world’s third largest exporter of gold with mining accounting directly for approximately 8,5% of its GDP. Canada is the world’s third largest producer of gold.
These two countries have strong economies and currencies. Whilst Zimbabwe has huge gold and other mineral reserves, these have been properly leveraged out to create liquidity in the country’s economy. There is need for Zimbabwe to move away from total dependency on a foreign currency whose economy has nothing in common with Zimbabwe’s.
The economy and industry is currently reportedly operating at approximately 45-50% capacity. This is significantly higher than the 10-20% capacity utilisation before the introduction of multiple currencies in 2009. Now the multiple currencies have achieved their intended purpose which was to stabilise the economy.
The next phase, which is growth, requires the use of
a softer currency which closely mirrors the country’s macro and micro economic conditions and the US dollar can be used in its traditional sense as a foreign currency but not to permanently replace the Zimbabwe dollar.
(theindependent.co.zw)

JCR3758 TWEETS, 21 JAN

JC @JCR3758 TWEETS :

This is a huge worldwide undertaking and we are just a side benefit. That's just another reason why we need to be grateful & really ready.
That is the nature of the beast but it has to happen. Way too much is linked to the RV & all are in agreement that the time is now!
We are in a window. It is highly expected to be released this month. I know that a lot are frustrated & tired of waiting & the changes
0 respuestas0 retweets35 favoritos
Guys yes we have stated to look at the 15th or mid month & others the 20th yet we wait. The window that I'm hearing is within days as of now

TNT CC NOTES, 21 JAN

Replay 805.399.1500, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=64926444
Tony:  Good morning, TNT!  Today is Wednesday, January 21, 2015.  Today’s call is going to be a little bit different. We have fewer people on the call than usual – about 23,000 at this point.  Some wanted this to be a no-question Wednesday, but we will do a few.  We have good news and a timeline, and I was late because of some other things that will affect your future, and I’ll tell you this first.

I was just in the forum reading about the funeral for the sniper Chris Kyle.  I will say this for Texas – they did that right.  They were respectful and as a veteran, I appreciate that.  You did it well, with president Bush and Mitt Romney and it was a great thing to do for a veteran.  It’s a shame when we hear about people who make it through a war, and then they get killed on the street by an idiot.  If you’re on the forum, you should go and read the post that one of the members put on there.  I was late because I was reading that and couldn’t stop.  Pam, if you could move that to Tony Blasts, it’s worth everyone reading it.

Also, write down “merger network” – they send you lists of businesses for sale, over the counter shells you can buy and other ways to use your money. There is an ATM business for sale for $139,00 but it nets nearly 50K per year… forever.  So instead of buying a new luxury car, look for that kind of opportunity that will repay that $139,000 over and over.

Before we get started, you guys send me message and I want to pay attention to them even if I can’t respond to every one.  I do read and try to make sense of them and what you suggest.  There is one guy who sent an email and asked ‘what do we do now? The RV still isn’t here, what is Plan B?’  He wants us to do another Twitter campaign.  I am always realistic, and I break it down to the most basic level so you can all understand it.  Hey, I can barely understand DC myself sometimes!  We’ve done our part, whether you realize it or not.  We’ve negotiated our way to stay in the game. There were things that we did, as a negotiation.  I’m not trying to be negative to this guy, but they know what we know.  They know we know who got paid. They know we know the bank accounts, which banks did the payouts, how it was structure, when, where, what went overseas.  We don’t have to threaten them in public;  they listen to ALL our phone calls, 24/7, our personal phone calls (me, Pam and DC) as well as these public calls.  Sometimes we say things so that we KNOW that they get that information.  We don’t’ have to say anything further because they are recording these calls.  We know they know about it already.  They have their instructions or requests just as we do.  We are trying NOT to cross a line that would affect us/you when there is no need.

These delays are affecting us but they are not about us.  Someone told us yesterday that he was tired of the roller coaster, being told that this is ready, etc., and he talks to us every day.  We get that!  But these guys are not doing this to hurt us, to do us out of this RV or cut us down to ten cents or whatever.  So there is no reason to start a fight.  We just want the money.  But there are other factors.  You need to understand how this works, because these things will happen other places in your life, and you need to get it now if you want to be successful.  And we do have good news;  things are moving along.

There is one more thing you should look at today.  Go to yahoo.com, look under the topics and you will see an article about how lottery winners and how receiving all this money at one time has been a curse for them.  Look at that today and hope/plan so that it doesn’t happen to you.  This can help you prepare yourself and your family/friends find that you have a lot of money that you didn’t work for.  Many will think they are entitled to a piece of that money because it came to you so easily.   DC?  I’ll get my dictionary out.

DC:  Wonderful words, and the funeral was quite touching.  Onward and upward to good old Iraq, America and the world.  For those who want to check in and go, Iraq is ready and says they will do it any time – have announced that on television. The President and the Governor of the CBI are out of the country and they are due back in Saturday morning, so I personally am not looking for it before then. Despite what might have been said to the opposite, the US seems to be supporting this.  President Obama has agreed a time with PM Abadi, and only a few folks know that time right now.  It’s being kept extremely quite.  Our friends at the CBI are saying they are good to go:  everyone is trained, ready, systems checked, legal paperwork gone over again.  The CBI ran some software checks and updates in the last two days, and they checked in with the other central banks worldwide to make sure everything was straight, to make sure they ready.  Parliament did the budget on the 30th and 31st, and more adjustments on the 3rd and 4th.  They say they are revealing the budget on Saturday;  it’s not a requirement to do the budget and the RV at the same time, but it’s nice, plus there are other laws they have been keeping quiet so as to bring them all out together on Saturday.  That is the day they have announced on television, radio, on websites and in the mosques.

As for ISIL, the good guys are continuing to win and push ISIL back into Syria.  There is a lot of destruction of families and infrastructure, and they are recovering as quickly as possible, and even more quickly with money.  Is the army being paid? Partially, because they don’t have enough money until the RV. That is another thing putting on pressure to get this done.  Customs agents have extended the 10K dinar cap at the borders until Saturday as well.

Tony:  The first RV date was yesterday, but  we are still within what was agreed in the last meeting with everyone face to face.  That 10K limit was scheduled until yesterday because they expected this to be over.  On Iraqi television Abadi was saying, “the economic reforms are now being completed”, before he left the country.  They told everyone they would take the final vote today, until they moved it to Saturday.  So now Abadi is gone, Shabibi has gone to a conference where they are already touted to be one of the economic powers of the world. At Davos, they are keynote speakers, and the entire economic community was told to expect something on Thursday.  That doesn’t mean the RV is happening tomorrow;  indeed, we don’t expect it until Abadi and Shabibi are back in the country.  I know you hate hearing that because it’s another weekend scenario, and we hate it, too, but we can’t control it, we can only ride on events.

We know there are a lot of people telling you guys February, March, even 2016.  None of the information we have so far is saying any of that.  It could happen that way, but as of today, they are still within the agreement they signed last week, and that agreement says “immediately” or within the next couple of days.

DC:  Davos has the “who’s who” of politics, finance and entertainment are in Switzerland where the power elites are there to meet and greet, to give presentations, etc.  There will be a ton of politicians, business leaders, diplomats and 300 of the richest people in the world.  Folks from 100 countries in the world to do business, politics and humanitarian efforts.  It’s a big deal in a tiny Swiss time.  Dr Abadi is speaking tomorrow afternoon, and Dr Shabibi will be meeting with key people.  People from the Iraqi administration will be meeting with people, doing a victory lap, and hopefully looking like that economic powerhouse.  That has been toned down a bit because of the timing, but all the same, it’s a great meeting for Iraq.  Not everyone at Davos will know about the RV;  we know about it, but not everyone else talks about the dinar as a main topic.  But it is important they are all there, and it’s unlikely they will do the RV while they are there, just because we would expect the PM and finance people to be in Iraq for such a major change.

Tony:  You say they don’t know about.  I was smoking a cigar with an international trader and we were talking currency.  Because of Dodd-Frank, this guy said that all his main clients are overseas.  He said the dong is going to revalue, but he gave me all the reasons why the dinar is NOT going to RV.  All this is supposed to happen on Thursday, and all his clients are ready.  I asked about other currencies, and he said he didn’t know, but he did know about the dong. These guys do this for a living and they really don’t know what is going on with the dinar. They know about the ECB, and the QE, but he didn’t know about the revaluation of the dinar. All these other movements are supposed to hide the GCR.  So they could do this right before Davos, because the plan was for Iraq to join the upper echelon of rich countries and give them their moment in the sun. Will they do that, or announce the QE, etc., as a cover.  Because the ECB doesn’t have permission to print all that money, so where is the money coming from?

DC:  The European Central Bank (ECB) is like our Fed or the Bank of England, or other central banks.  The ECB controls monetary policy for the Euro, and they have signaled for a few weeks that they might do another round of Quantitative Easing (QE) because some of their economies are in the crapper and QE provides cheap money.  They were planning on 50 billion euros worth of buying bonds, and this cheapens the euro.  It was 1.40, it’s now 1.15, and this devaluation also makes exports cheaper.  We are more likely to buy a German car, for example, if the euro costs less in dollars.  This should stimulate the economy. That was supposed to be announced on Thursday, but it was leaked in the Wall Street Journal.  Why aren’t the markets going crazy?  Because it’s about what everyone expected, what they said they were going to do at 50 billion euros.

We think the dinar is massive and huge because it has a great impact on our lives, and it will be a good stimulus for the world, but it’s not a universal panacea.  It’s going to be bump up but not big enough to move all the economies in a major way.

Tony:  Oil went down, economy goes up, but if people are smart they will be asking what will happen six months from now.  The news is meant to cause a reaction NOW because they need that bump up – it’s not about long-term consequences.

DC:  In the USA, the banks are prepared like they have been for a while. There have not been a lot of actual exchanges going on from what we hear.  The political parties, both Democrats, Republicans, in the House and Senate and in the administration, their general take is this:  the general mood as of this morning in the administration is that they really want this done, but on their timeline and their deal, and they are not willing to compromise.  They want the general citizens to have this, but they don’t care about the timing from the perspective of the public.  They are still highly supportive;  they have signed an agreement that they are sticking to.  There are several windows and they have instructed the executive branch, treasury and law enforcement to keep ready. It’s generally viewed that this will be done in the next few days – that it will not get punted again.  They want it done on their timeline, and they’ve been successful in forcing that.  They want it done at night, and on the timeline agreed with Iraq.  They are living up to the agreement or bad things will happen.

The Republicans in the Senate want this over with, they want it done and see the stimulus happen. They are happy they are now chairing the Senate committees that are influencing this, and they feel that everyone will be a little looser with more money in the flow.  The political lines have hardened since the beginning of the year, and they hope that a growing economy will let them make some compromises.

The Senate Democrats are still pissed it didn’t happen under their watch;  many feel it should have gone down in April, June or August, when they still had a fighting chance to keep control of the Senate.  They want to get this done.  Every eight years we normally want a change between Republicans and Democrats, so they are worried about staying in power at the next general election.  They have the upper hand in the electoral college, but they need a growing economy to push Clinton into the White House over the natural tendency to get a Republican next time.

The House is more rambunctious and they are very ready for this to get going. The leadership really wants this so they can make deals to get certain legislation done that they want.  The House Democrats are also pissed because they believe they would have lost fewer seats in the midterms if this had happened on schedule, and they hold the White House responsible for that.  To recap, House, Senate and White House all want this to get done.

Tony:  This may contradict some of the other information you hear out there, but this is what we are hearing.  Everyone is on the same page this moment. The agreement is in writing, the window is still open from that agreement.  We told you what was supposed to happen yesterday.  The Democrats are upset this didn’t happen last June because they could have ridden that wave at the elections.  However, as the President said last night, Russia and China were trying to drive the dollar down, and they spent a lot of time trying to counterbalance that, and committed political side (on one level) by doing that.  The Republicans want this now, they are in charge of the Congress, and if the economy improves in the next two years, they will take credit just like the Democrats will.  The President said last night that he can’t run again, so the decisions made now affect us rather than him.  Last July, 61 politicians were supposed to leave office, because this would be done and new people could come into office.

Everything is positive at this moment.  Everyone wants this to go.  The President made it clear that there is an economic war going on, and that is much bigger than us.  The Russian economy is crashing, and that has effects on everyone.  We are in a great, great position to get it done, and everyone says it is getting done.

DC:  Everything from our end looks wonderful!  Is it One-question Wednesday?  Yes.

650 caller:  There was an article about a ‘crisis cell’ by Abadi, the Ministers, etc., to establish the ‘priorities of exchange’.  What does that mean?

DC:  It’s primarily about the ISIL issue and it’s a venue for politicians to bring their issues (rather than through the ministries as the normal governmental functions would go.) I think it is another venue to show Abadi as the man of the hour;  everyone is leaning in to solve the issues, and Abadi is doing a good job.

Tony:  Go to yahoo.com, it says “do-it-yourself entrepreneur 3-D site taking off”.  Pam said she was watching NCIS and they used 3-D printing to create houses!

601 caller:  [chitchat]  Regarding that agreement and the signatories, is there any source of law that  can compel the signatories if they break that agreement?

DC:  There are a few things we have been asked NOT to discuss, and that’s one.  We can say that the signatories are from the administration, the major banks, the UST and law enforcement.  They agree that everything has been done, and it will be done by X date, and if not, there are a set of punishments. They won’t take it to the World Court, but some not-so-flattering things will be put out.  Basically, Iraq wants to make sure the US doesn’t stutter when they say Yes to the RV.

Tony:  That was an excellent question;  I know many want to know what the agreement is about, what’s the time frame, and what are the penalties.

Caller:  In commerce, there are always penalties, and it’s also about the restriction of commerce and interference with third-party business.  If I infringe on the UCC, I’m interfering with their ability to do business!

Tony:  that’s what Switzerland did and it sent shock waves around the world – plus they are saying they are willing to do it again if necessary.

DC:  They decoupled the Swiss franc from the euro;  their next steps are to have negative interest, so that you have to pay the bank to keep your money there, and also they can start printing money the way the US does.

Caller:  I thought Abadi would pull the trigger before Davos.  That is an opportunity he will never happen again.

DC/Tony:  We expected that as well.  Everyone thought it would, but remember, we are still within the window.  If it happens shortly thereafter, they still win.

509 caller: Is there still a deadline by  which all these currencies need to be exchanged?

DC:  We haven’t heard a by-God, drop-dead time by which we have to exchange, but eventually they will make these notes collectibles.   They do want everyone to exchange within 2-3 months. They originally wanted to rush everyone through the cattle chute, but since the banks decoupled from the process, it will take longer. They don’t want dinar to be held by cartels or terrorists, so they want to get the currency off the streets quickly.  In eight months, if you are still holding lots of dinar they will ask a lot of questions.  That’s over here;  in Iraq, they have already cleaned up most of the larger dinar notes.

Caller:  What about the dong, rupiah and zim?

DC:  Same answer.  In the US, they don’t’ care so long as it is traceable and you are doing good things. They do want to pull in as much currency as possible, and then block the use by potential terrorists or criminals.  Ideally, they would like to exchange it all within two months.

Caller:  Can you take your currencies to other countries?

DC: You need to follow all the rules and paperwork, but yes, you can. That paperwork is on this side and in other countries. That’s where an international tax attorney is vital.

Tony:  It’s not if you can take it to that country, but whether you can exchange it there.

404 caller:  As for the time frame, we were told in the past the Iraqis would have ten days to exchange before we can exchange.  Are contract rates still being offered?

DC:  We’re talking a few hours, if that.  We don’t know what is still in the contract rates.  We don’t know the criteria just now.  Last I heard, the cap on dinar is 20 million dinar and for dong is 25 million dinar.

Caller:  Thanks. I hope that that agreement was signed in blood this time!

601 caller:  [Appreciation]

602 caller:  Are the rates the same as you have been hearing?  Any limit on zim?

DC:  Yes.  We haven’t heard of any limit on the zim, although that might happen.

Caller:  Will the exchange locations be closed will they just stop dealing with contract rates?  And what about exchange places in smaller towns in Arizona?

DC:  The exchange places will not offer contract rates, only the market rate. The limits are ONLY on contract rates, not on the international or market rate. Phoenix, Flagstaff and Tempe will definitely have exchange locations.

Caller:  So that’s why no bank I have talked to knows anything about this.

Tony:  We know of people who have already exchanged in Arizona.  I’ve heard that the Mafia actually uses little banks in little towns to move their money around.

908 caller:  Tony, you know I love DC, but could you please clarify what DC said about how the banks were going to work?

Tony:  Because we switched from a single 800 number and the banks working together, they knew the banks couldn’t get it done in 30 days, so they went to 90 days.  They are coming out with a new 20,000 dinar note, and that is about the timeframe you can look to complete this.  After 90 days, they are going to look harder at people who have the old high-denomination notes.  Remember, recently they found caches of dinars set aside by Maliki AND the network he planned to use to move that out of the country.  So they are really going to look anyone who has those large notes and didn’t exchange them.

Caller:  Are all the currencies going to go at the same time?

DC:  Yes, and zim may end up with a cap… don’t know if or how much.

832 caller:  Hey, you gave Texas props this morning!

Tony:  It was a great thing they did for that veteran, for his family and for the whole state.

Caller:  How do you get onto OpenMike?

Tony:  Are you in the forum?  Go in the chat room… Wait.  They only like 500-600 people on OM, and then there are idiots they prefer to avoid.  I guess someone has to invite you.

312 caller:  About the Groups – is the Admiral’s Group still waiting to go in at this point?  And in your heart of hearts, what is the timing on this…?

DC:  That group is different things to different people, from 200 to 6,000 members.  The core group may have gone through;  the public part definitely has not.  It’s my extremely strong belief that this will go through by the end of the month.

646 caller:  Where do we stand and where do we go as a group?  What about investments?  Will you set up another forum for sharing information on those?

Tony:  How new are you?  About a year?  Okay.  We have already given the scenario:  Abadi and Shabibi are out of the country and we think they will announce it when they get back on Saturday.  Afterwards, the NDA we will be required to sign might not let us have any kind of forum or site.  I am pushing to do those four events at least.  After that, they don’t want me to have influence over up to five million people who just became rich.  I can say “3-D industry” or this or that stock and throw the whole industry out of whack. They don’t want me to have that kind of influence.  I wish they would understand that once you get all this money, most of you top-echelon dinarians will become Republicans, like my friend who did his generator and made $21,000,000.  If the President plans to tax the top 1% more, you are going to BE that 1% and you’ll be trying to keep as much money as you can while the rest of the world gets mad at you like you are currently mad at yourself.  Another point on my NDA is that I can’t get involved with politics.

Caller:  There is a great brain trust you have on the call right now, and hedge funds here in NY are eager to handle people’s funds.  By the way, I have not been able to get into the forum for the last year, so please take down my number and keep in mind that I’m happy to share my contacts with you.  Lots of places to exchange in NY banks?

DC:  Of course there will be many exchange banks in NY and across the river as well.

Caller:  [Appreciation]  Please support our veterans and those suffering in VA hospitals.

Tony:  There are a lot of people in your community, city and state who you can help.  I try to show humility all the time;  I was just in the right place at the right time, and I try to give people the information I have.  I got a call last week asking if I want to be on the committee to pick the next President, and I didn’t return the call because I don’t want to have anything to do with that (plus my NDA doesn’t allow me to be involved in politics, although I can donate).  You will have influence after this is over, and most people won’t have that NDA.  We try to explain how to walk you through this and help you figure out use this money wisely, and also the history of this RV and the people you’ve met in the chat rooms will help you in your new life.

703 caller:  If these times are blown through every time, what is the purpose  of these various timeframes?

DC:  Simply speaking, only a few folks know the actual times involved because in the past they got out very quickly.  It’s being held very tightly, although a lot of smart folks are putting  2+2 together.  There are fewer than a dozen who know, and they are so tightly guarded they cannot squeak.  All those who signed agree that Iraq is fully ready to do this, and to control the frustration and anger towards the US, they asked for it  to be done at night, with some windows. Then that inner group decided an actual time, and only they know when the real time is. They are saying three windows to guard against the true time being leaked;  everyone agrees they are done  and ready to go.

Caller:  So all the US goals have been reached?  What about things NOT on the list?

DC:   Yes, everything on the list has been agreed to, and they will now say Yes fully and loudly to when Iraq decides to go.  We understand everyone is very happy and that is what has been agreed to.  Something could come up, but everyone is ready now.

936 caller:  Have they said anything else about any of the procedures – any updates?

DC:  No, it’s the same as we’ve already said:  call in, make an appointment to the bank you choose, go through the cattle chute, and make a further appointment with a wealth manager to deal with the money.

Caller:  So it’s not a central number any more – how are they going to handle that?

DC:  It makes me nervous and is fraught with potential problems because each bank has its own 800 number.  Some small banks will just have their regular numbers.

Tony:  Now we have four different banks, you have a 100 million, and the contract limit is 20 million.  So you say you want to exchange as much as you can, as high as you can, all on the same day. Who is going to clean that up?  They are setting themselves up for a mess;  it makes no sense at all to me.  It’s going to be chaos.

DC:  A lot of the big banks already have foreign currency departments, and they may be using that 800 number.  It’s going to be a huge cluster****.  We are still waiting for the package which should explain more.

Tony:  Those in the forum and chat room have a good place to go.  There has been some cleaning out over the President’s speech.  You don’t have to agree, but you do have to be respectful.  I don’t care if you’re negative, but be respectful.  When people have to call or email and ask for people to be removed from the forum or twitter, that is just stupid.  That means people won’t get to speak to each other, get support or get the 800 numbers when this happens.  All we can do is give you the information as if comes, and sort it out as you go, then don’t put yourself through it.  We’re going to keep giving you the information anyway, and I don’t read the forum anyway, so let’s do something everyone can benefit from and help them get through the process.  Explaining what and why you think and believe what you do, that’s one thing, but just being nasty is pointless.

DC:  My grandmother was very influential in my life.  She said that your character is shown by how you act when there is no benefit to yourself.  If you help people who can’t do anything for you, that says what kind of person you are.

Everyone in this process is lined up, singing Kumbayah.  Tony and I agree that it’s highly unlikely until Abadi and Shabibi get back on Saturday morning.  We expect it to go down quickly once they return.

Pam:  I was hoping there wouldn’t be a call on Friday, but there you are. There is a light at the end of the tunnel, and it is flashing.

Ray:  Earlier I called this What-happened-to-it Wednesday!  I am going to the beach to work on my tan… which should take about ten minutes.

Tony:  Someone said that if they bring their discharge papers to the bank, they will get a special deal.  I haven’t heard anything like that.  There was a letter from a dinarian on the site who was 85 when he got in and he is 93 now.  He said we have helped him with information to make better decisions. This is why we do what we do – thank you.

We are in a good place, feeling good, still in the timeframe of the agreement.  Tomorrow is a big thing for the global economy, and we’ll have to see how long it takes them to react.  However, we don’t anticipate anything until the leaders get back to Iraq.  If anything significant happens, we’ll send out a tweet, but right now I think we will talk on Friday at 10am PST.  Enjoy the rest of your day.