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Friday, February 13, 2015

Arthur Update: "GOI + HCL = RV", 13 FEB

[Arthur] ...I have always maintained is that GOI + HCL = RV... And here we are at the doorstep of the final element of that historic and decisive equation.

We have had several breakthroughs in the past few weeks with the HCL that resulted in the first historic step which was the HCA, and agreement in principal to all of the many moving parts of this agreement between the center and the region which has led us to the great place we are now in this process.

Abadi and Barzani have been meeting to settle the few remaining technical issues such as SOMO and the fair amount to be exported by Kurdistan for their 17% 
I am being told that, if all goes well, Sunday they will meet to formalize and sign the HCL for official implementation once and for all, an action which will give the green light to enact all economic related reform laws necessary to commence the long awaited revaluation of the Iraqi Dinar.

S3A & KTFA CHATS UPDATE, 13 FEB

Stage3Alpha:

Sem February 13, 2015 at 6:53pm I AM HERE TO TELL YOU RV/GCR WAS WRONG FOR ONCE:  

FUNDS MOVED WITH HOLDS LIFTED LAST NIGHT. CAN YOU SAY G SETTLEMENTS... 

Santa Cl > SemI heard that from a little birdie too! Time will tell.
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Frank26:   Qt to You KTFA FAMILY:

"IF''.......... The Budget is released on Sunday......... Do You believe it will be at .10 or 1.00 or ....... 1166 and why?    Thank You Kindly........


Aggiedad77:  I believe "IF" the budget is seen on Sunday it will be 1166

"IF" we see 1166....they should be ready to release things

This should be short-lived IMO.....otherwise Iraq as a country would implode due to what it owes

I'm thinking the real question here is "WILL" we see the budget Sunday
....
"WILL" the LAWS be ready is the other question that interests me

I believe that Abadi is having second thoughts because I think he was maybe ready earlier but has backed away.....but if so....what is making him wait

Why the hold up since Masum has signed things....seems they have strayed away from the Constitution

Currency shortages appear to tell a tale that our timing must be fairly short

Bottom line....something has to give.....I think the budget will show at 1166

I hope your info is better than my hunches   Aloha  Randy

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powerofprayer » When the budget is released, all I am concerned about is that it is considered to be international.

The global mechanisms will drive it up to where the AOP/PTB/ELITE etc. require it to be.

For those that do not believe that there are way higher levels of leadership beyond our presidents, are greatly mistaken. Of course, this is all my humble opinion.

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LCM:  Hmm? It's the big IF ...... isn't it....... lol

Here's my thought on the budget release.

Whatever the rate was when it was signed by the president is what is has to published in the Gazette at. They can't change the rate between it being signed and being published.

Are they probably hiding stuff from us???? Yes? is it he new rate? perhaps!

It does make you wonder? One thing for sure now, time is on our side, not theirs...... lol
ajs » Frank, my gut feeling is it will be 1:1 by the time we see it.. It might come out at 1166, as you were saying, but in short order I can't see it staying that way bec the citizens of Iraq have to have some incentive (besides their new currency law of using dinars) to stop using USD in their daily transactions. It then should go up as the market indicates.

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Pappa-J :  At this point I don't care what number it comes out at, so long as it comes out to the world! Time will march on and their own laws that are active and in place puts immense pressure because there will then be a solid back wall for ACTION which there is no pass for Iraq-----

They finish as instructed or implode----- have no doubt that they won't finish !!!!!

The bakers dozen will make sure that they do BUT they are not allowing Iraqi slickey boy politicians any more room not to fulfill all of their obligations to the world or their own people

DON'T REALLY THINK THEY WANT 100K OF GI JOESEPHS WITH THEIR FOOT ON THE BACK OF THEIR NECKS EVER AGAIN!!!!

OR THE ALTERNATIVE OF THE FAVORED SONS TOTALLY RUNNING THE SHOW THAT WOULD COME ALONG WITH THE 100K!!!!

TIME YOU GROW UP IRAQ PUT YOUR BIG BOY PANTS ON!!!!!!! PJ

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Purifiers:
 IMO  It will be at 1166, because your teams "SAW THAT FIGURE" in the budget.
The budget has to be "activated" in order to do anything further with that rate that is sealed within it.

It is locked in until the "activation of the budget" unlocks the rate simultaneously that can then be allowed to be "changed" as they allow, or are "told" to do.

That part is hidden from my eyes... IMO   Purifiers

MILLIONDAY & TERRYK UPDATE, 13 FEB

2-13-15 Millionday: Article quote: "President Fuad Masum, on Thursday, with a member of the Committee on Energy and Oil parliamentary, Ibrahim Bahr al-Ulum, ways to accelerate the implementation of the oil agreement between Baghdad and Erbil."

THEY HAVE MET ON THE OIL AGREEMENT WITH ERBIL -- I LIKE THEY NEED TO ACCELERATE IT. SO THEY ARE TRYING TO RUSH THE ACTIVATION -- GREAT NEWS -- THE ECONOMIC ASPECT OF THE AGREEMENT OBVIOUSLY IS NOT THE PROBLEM -- SO THIS IS POLITICS AS THEY SAY. Comment
2-13-15 TerryK: [Barzani heading to Baghdad to meet w/ Abadi this weekend, final crossing of the T's and dotting the last I's.I THINK YOUR SPOT ON WITH THAT. PARLIAMENT IS WORKING ON...LAWS...TODAY. THEY ARE FULL FORCE FORWARD. THEY HAVE BEEN TOLD GET ER DONE. [Do they think by the end of the weekend?] BY THE 18TH THEY ALL AGREE BASED ON LAW IN IRAQ AND ARTICLES POSTED THIS WEEK. 

BULLDOG75 UPDATE, 13 FEB

Bulldog75   THESE ARE SOME OF THE BEST CONDITIONS WE HAVE SEEN IN A LONG TIME FOR IRAQ. THE MOST CRITICAL SITUATION HERE, RIGHT NOW, THIS VERY MOMENT, IS THE IRAQ BUDGET BEING OFFICIALLY RELEASED IN THE GAZETTE AND THE LOWER DEMONS ABOUT TO BE RELEASED FROM THE BANKS TO THE PUBLIC. REMEMBER, IRAQ CITIZENS ARE CURRENTLY USING THE US DOLLAR. IF EVERYTHING GOES AS PLANNED, THE USD WILL BE CALLED IN OVER THE WEEKEND AND THE LOWER DENOMS COME OUT IN EXCHANGE WITH A "RE-VALUE". THIS WILL NOT BE AN RI. MINIMUM RATES SHOULD BE 3.33 UP TO A MAXIMUM OF 11.11 DEPENDING WHO YOU ARE ; AND WHERE YOU ARE.  THIS IS NOT A FIRE DRILL. 

TNT CC NOTES, 13 FEB

2-13-15 TNT DINAR CC (Notes by Adept1):
Replay 805.399.1500, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=65941941
Tony:  Good morning, TNT!  Today is Friday, February 13, 2015.  It’s a good day for us!  I’m really not sure how long this call will last.  I will take as many questions as we can.  The reason I’m sure how long it will last is because Pam and DC tell me that at our senior ages we forget a lot of stuff.

DC:  I did say that “at your advanced ages, you guys forget stuff”, but that’s a joke.

Tony:  There is a lot of stuff and a lot of questions out there.

DC:  There is not a whole lot of change since Wednesday.  Iraq is very ready, they have prepared everything –they’re waiting for the public par t of the Budget to be released, and if it doesn’t come out with the new rate, it will go up shortly afterwards.  Everyone is getting ready throughout the entire country, and everything is going forward. Banks have been trained again, and security forces are dealing with ISIL.

Tony:  Just so everyone understands, the 1166 rate is part of the process.  It could be for 20 seconds or 20 minutes, but you will soon see the rate go to $3.91.  We are showing you the process as well as the end results.  The process calls for it to come out at 1166, then go to $3.91, and then it could go higher still.

DC:  Exactly.  We are told it should go within a few hours after the publication, but they do have up to 72 hours after that if they choose to do that – ‘they’ meaning Abadi and Shabibi.  I thought we were clear about this last time – the Budget IS in the Gazette.  We know people there and it is in the Gazette.  It will go public in the next day or so, but we just don’t know… could be as late as Tuesday.  In the Iraqi Constitution, it says it must be public by a certain time tomorrow, but they don’t operate on a timeline – they choose not to stress out about the last minute or second.  That is not the culture.  They don’t worry too much about being on time, and it may drag out a little bit – we’ll just have to wait and see.  Did we cover the Budget enough, Tony?

Tony:  If we know people who are writing the articles, printing them, approving them or delivering them to the destination, and they are saying, “It is there – this is what I do!” or if people who have the right to see this and they are refused a view of the published Gazette, then there is a reason for that.  We KNOW what is going on, we are just a little ahead of the curve.  There is a time it was supposed to be published and we have passed that time.  We know that HCL and signed agreements are already in place.  We know they are supposed to pay Kurdistan tomorrow.  Those have already been done and signed off, even if someone else tells you it will be signed tomorrow.

DC:  Abadi and Shabibi are working the phones to make sure everyone internationally is lined up and ready to go.  They are talking to our President, LeGarde, the UST and Bank of England right now.  The timelines have been agreed and they are abiding to them so far, and we hope that continues because it will make our lives very good really soon.

Let’s talk about Ukraine and Greece.  The Greek issue is that they spend too much, got some loans, and didn’t like the austerity measures.  The Germans and Eurozone said, “Tough shoot;  pay up or we’ll kick you out”.  Greece had an election, brought in some new people, and it’s likely that they will negotiate a deal.  That involves the IMF, CEB, Bank or England and all the rest.

Ukraine has a new deal and a ceasefire.  It’s not the best deal but at least people are not being killed.

In the US, there is also a new agreement.  This has always been a very political deal.  All sides have always wanted this to go on a three-day weekend rather than any other time, and this IS a three-day weekend, so…  In the US, that keeps down the press coverage as well as banking issues.  Everyone is now on call ready to make sure this goes correctly.  Quite a few folks who used to be on lockdown are now on call, ready to come in afterwards.  They just got tired of useless lockdowns.  Call in times vary from 20 minutes to two hours.  The banks may not be taking exchanges immediately – it may take from five hours to 1-2 days to get everyone ramped up.

Tony:  That’s good. Everyone knows the time frame.  We were given the information that it would be last Thursday or over the weekend.  Everything has been approved and passed;  in Iraq, they were just finalizing bank laws in-country and internationally.  All that has been accomplished, so we wait for today, tomorrow, Sunday, Tuesday at the latest.  In the US, they can push a lot of people through over the three-day weekend, and that gives Iraq the 2-3 days they wanted.

Pam sent me two text messages adding up to FIRST CALLER FRIDAY.  So if you have been on the call before, please put you hand down now.  The first one has been up here 1200 minutes… no answer… Pam scared him!

574 caller:  Here’s some information you can use, DC.

DC:  Find religion?

Caller:  No, though I know where you are coming from.  My sister-in-law is Dean of a seminary, and my mother-in-law is a minister.  It’s about dyslexia.  My husband and I are both dyslexia, and I recommend a book called Brilliant Idiot.  The author’s brother went to our church.

DC:  I’ve read that, and it’s great!  What did Einstein, Picasso, Churchill and da Vinci have in common?  They were all dyslexic.  I am willing to have their problems…

Caller:  I read an article that dyslexics make good code-breakers… and a friend says that they make good Presidents, too.  I’m not political myself, but this friend is in a position to know.  Personally, I’m going to hide from politics after the RV.  My husband wondered if there are any particular types of trusts we should stay away from.

DC:  It’s so dependent on the person, their goals, age, ambitions, etc.  You really need to talk to a trust attorney or certified estate planning attorney.  There are also the right questions to ask.  Ray talks about this a lot and he likes certain types, but I think it’s more about the individual and circumstances.

Caller: That’s kind of what I figured, but I passed on the question because he was concerned about it.  We’ll probably have several for ourselves and charities and such.  Our pay-it-forwards have to do with education including dyslexia, health issues, and I’m big on conservation and being a good steward, including being a steward of the Lord’s money.

Tony:  I like the books and the videos you sent me.  You didn’t send you name and address, so I’m glad to have the chance to thank you.  Everyone who watched the video on lottery winners, I hope you think about that.  Also, for trusts, be careful about trusts, especially irrevocable trusts, because you cannot revoke those!   I was talking to someone this morning who knows one of the three who won the Powerball lottery.  This winner, who was on the news and who won over 100 million dollars yesterday – she didn’t quit her job, her relatives quit their jobs!  This is what happens when people know you have this kind of money.  She may love her relatives, but if I got this level, I may love my family, but if they quit their jobs in anticipation of my money, I mean, really?  You guys a re all about to experience that on some level, so you better know how to handle that.  The guy on the link yesterday said that winning the lottery ruined his family, led his daughter to overdose, etc.  Just because you have money…

702 caller:  It’s already happening in my family!   When it starts out with your mother, that’s not good.  My concern is that when we go to the bank to exchange, you say the wealth manager may offer you a better rate if you leave your money in for a longer time.  What guarantee do we have later down the line that they may do bail-ins and my money is in their bank?

DC: If you are not a criminal or doing anything bad, I think you’ll be okay, I really do.  A bigger concern is unscrupulous bank workers finding out your bank balance.  Given the massive injection of cash banks will be having, I think bail-ins are very unlikely.  Spend your time making sure that bank tellers cannot pull up your account details.

Caller:  Are you better off at Wells Fargo or Northern Trust?

DC: They both have good reputations, with good liquidity ratios.  With Frank-Dodd and all the new regulations, they have raised that ratio to make them safer.  You can look for that ratio on Google, and make sure they stay healthy.  With the new rules, I think we will not be ready for the next banking crisis, because we don’t know what it will be.

Caller:  With the new markets, the US dollar is a hot potato…

DC:  That is why it’s part of a diverse conservative plan to spread out your currencies and investments, with some in US dollars and some off-shore or in other countries.  However, unless you spend a lot of time abroad, most of your spending and charitable donations will be in US dollars.  Just make sure you don’t burn through it like the pro sports players, but don’t let that paralyze you either.  Make sure you have a conservative income stream, with a certain percentage in overseas stocks or equities.  Have your investment strategy match your personality.  I’m a risk-taking, and that has served me well, but it’s also hurt me badly sometimes.  My wife is very conservative, so to work together we have to have a cushion at 4-5% that no one touches to provide a stable income.  I can invest the rest with whatever risks I choose.

With the banks, they want to see the principle staying there, and you can take the income and also up to 5% of the capital out per year for spending.  If you want to take a chunk out for investments, the bank can do that for you.  If you want all gold, they can buy that for you;  if you want all equities, they can do that.  They are paid to do what you want them to do.  But using your capital and making investments for you is how they make money.

Tony:  What did you say about Pam?  That she is a tyrant?  <laughter>  Here are some questions Pam sent over to me:

Q:  Are oil credits still associated with the dong?  Who  sets the dong rate?

DC:  No.  The US, IMF and China are involved with dong.

Q:  What about the Zim?

DC:  The Zim is our weakest deal, and I only bought some when one of our experts told me to get over it and get some.  With Zim, I am out as quickly as I can get to the bank.

Tony:  If they go to the bank, should they tell them all the money, or just what they want to exchange at the moment?  Or should we tell the wealth manager what we have and at what rate we want to sell it when it goes into long-term capital gains?

DC: The banks don’t care how much you have of which currencies as long the total is enough to be worth their while. Also, they have different tiers, so if you have three million dinar, that means $15,000,000, and you automatically become a VIP.  So ask yourself if your security is more important, or if getting the better deal with the bank is more important and therefore you are more willing to share all that information with the bank.

Tony:  The banker wants you to bring in all your money in one lump so that they can make more money and get on with their business and yours.  You have to consider if it’s worth picking up pennies and letting the dollar fall out of your back pocket.

Q:  How do you verify dong that you picked up in the country years ago, without receipts?

DC:  If you have plane tickets or anything to prove you were there in person, and you look prosperous, you’ll probably be okay. If you look or act suspicious, they will start to wonder.  Be respectful of the bankers, answer questions as quickly and clearly as possible, and have as much documentation as you can. They want to get you through as quickly as possible;  they will have security personnel there, and that is a good thing for both sides, it keeps you and the bank safe.

Q:  Since I’ve told several about the upcoming exchange, but they didn’t get any, and if I take the contract rate and they notice I have a new house or car, and they notice and tell law enforcement, am I going to be in trouble?

DC:  No, it’s like you bought Apple at $5 and held onto it and then sold it high.  We live in America, it’s a capitalist country, and you are allowed to make money any you please so long as it is legal.

Tony:  “So Tony was right, those idiots made a ton of money, and I had lunch with him yesterday and I know he got over three dollars for it…” and now they are pissed off and they want to accuse Tony  of doing something underhand?

DC:  Twitter attacks me on a daily basis, but I am so micromanaged that if I fart wrong they will catch me.  I got a call today saying I was driving too fast!  Most people are not going to get jealous, and if they do, they  will either get over it or you can move and get a new friend.  Often when you are massively successful, people get some sort of superiority or inferiority complex, but that is their problem, not theirs.

Tony:  Law enforcement is not going to investigate every tiny claim.

DC:  And Tony, Pam and I are under such scrutiny that if we do anything wrong, they’ll be crawling up our ass.  I’m happy with that because if anyone accuses me of anything, it’s very easy to clear myself.  I got that call just this morning!

Tony:  If you have OnStar, they can contact you at any time about your car – my daughters told me I was driving too fast the other day.  They can lock and unlock your  car, too.

Q:  What happens if it gets out of hand at the bank.  Will it stop?  If so, how do we find out if your site is down.

DC:  Let’s say four days into the process, some jerk in Arkansas starts yelling, and they decide to shut the whole process down.  We hope there is a plan to let people know, and we were supposed to be a part of that, but we just don’t know what that is.

Q:  President Obama wants troops on the ground;  what makes you think the RV will happen before then?

DC: It’s nowhere near as bad on the ground as you think.  There is no reason to hold this up;  military advisers are already there.  A multi-country coalition is a massive pain in the ass to coordinate, and they are doing a great job.  It’s basically a problem in Syria with some in Anbar and a few other places.

Tony:  In a practical sense, the more advisers and security forces are in Iraq, the more willing people are to invest in the country, so this is a positive development for us.

423 caller:  I’ve been listening for over two years, and we do donate.  My wife’s favorite story is when DC ???  [couldn’t make it out]  [Appreciation]  We are thinking about an MCA, but would prefer to set it up before the  exchange.

DC:  A Multi-Currency Account (MCA) is mainly for those who live overseas or with international businesses.  It lets you hold different currencies in that currency;  there are fees and overheads, so most have a limit to make it worth the bank’s while to run something that complicated.

Caller:  The bank I talked to said there would be a 1% overall fee and 2% transaction fee.

DC:  That’s pretty standard.

Caller:  We followed your advice and got a PO Box and cell phone.  Also, when banks want you to keep a lot in their bank, will they manage that for you, pay interest, or what?

DC:  It’s really a good idea for security reasons to separate your personal address and phone from your name.  You don’t want people to know how much you are worth.  It’s best to keep as much out of your own name as possible.

Also, when the bank says they want to keep a certain amount in their bank, they will usually have some in an investment and some in a checking account. You will not make much on your deposits, generally.  If you have munis and corporate bonds, which many wealthy people do because they are tax-free, the bank will charge much less than if you want them to manage your overseas small caps fund.  Make sure that they don’t charge a lot for your super-conservative investments;  if you are only making 3% on munis, you don’t want them charging 2% to manage them!

951 caller:  This thing is getting to be like the Second Coming of Jesus Christ – everyone knows he’s coming, but when?

Tony: You only just registered that point??

Caller:  I have listened to you for the last four years, and I’m frustrated.  People say how thankful they are all, but deep down they are pissed off, because it’s like “we’re going to the bank this weekend” and then it’s another week and another week.  Why not just have one call on Friday?  It gets nerve-wracking.  I have friends who no longer listen because it’s just too much – it never comes to fruition.

Tony:  If you’ve been here for four years, and this is your second time on the call, you must be getting something out of it, because you’re still on the call.  Let me explain it from our point of view.  When I started this call, I was told I’d be here for a week!  As we went through this, and got the news/articles like everyone else, that was their intention at the time:  to get this done, IF Maliki had done what they requested, if people weren’t being blown up in the streets, if the government had come together.  Over those four years, we got involved with people who were at the bank and government meetings, people who would walk out, pick up the phone and tell us what had just been decided in that meeting.  Two years ago, we got people IN the meetings listening to the calls and giving us information.  That’s why I’m not at PTR today, because they couldn’t handle being in the moment, being part of the process:  Monday X is happening, that didn’t pan out, some other thing got changed on Wednesday and on Friday this other thing occurred.  Right now, we are telling you “this IS the schedule” and if nothing else happens, we are getting there now.  I agree with you that is has been hard for everyone, and we’ve told people all along that if you can’t handle the day-to-day, and now we are actually involved in the decision-making, then people shouldn’t be here – they should wait until someone calls them with “this is all over and this is what you should do”.  If someone wants to hear a weekly update, they should pick a day and only listen to that call! By being here three days a week, we can give people details AND we give you education about our government and banking system as well as the date and the rate.

DC:  AS I have said at least 20 times, most people should not listen to us on a daily basis.  We are not making money or selling ourselves here, and it’s brutal, especially for those with financial and/or medical problems.  It’s heartbreaking to hear the stories, and for them to get the up and down from the live up-to-date information.  Those running this have changed their minds hundreds of times, and also they have adapted to new realities as this goes on.  We are giving you as much information as we can, but nobody knows the entire picture.  If we know 60% at any given moment, we’re doing well.  So most people should only listen once a week or once a month, depending on what they can take.  My own family and friends can’t do this any more, and I understand that – it’s just too much.  I thought I’d be here for two weeks, and it’s been two years!  It’s just something we have to go through.  Tony, would you have done this for four years if you had known?  Hell, no!  I just wanted to help Tony and his team for a few weeks.  We are all going “holy crap!”  They are in the meetings going up and down, just like us.  Even the leaders are so exhausted by this thing.  They are not enjoying this process;  they want to get it over with as well. The problem is that there isn’t a solitary belly button to press – it’s all across different groups, countries and cultures.  They have already had a dozen parties and celebrations all set up, with people in tuxes and ****tail dresses with chilled champagne just waiting for this… and it didn’t happen.

Tony:  We don’t do this just to get people pumped up and excited.  If you think you are on a roller-coaster, ours is bigger, higher, lower, faster and every hour, not just three times per week.

DC: This is what we go through every day:  I start talking/emailing with people from 3-4 in the  morning.   Some heavy hitter will call me and say “this is going down in Iraq this morning!”  Then on the US side, they will say, “No, Obama wants something else, it will be at least seven months.”  Then someone in Iraq will call and say “Abadi says NO to the US, this is going down now”… and it will go back and forth like that 10-12 times in any given hour, with meetings and exchanges and rumors and recommendations and timelines from the different parties.  That happens all the time.  That’s how often it changes, how live it is, and how close it is.  That’s why we don’t’ respond to a lot of the things on the boards, because we’ve heard it two days prior and it’s already changed.

Caller:  Okay, but when does it end?  Iraq has to pay people and pay for goods and materials and services.  When does it stop?  A lot of my friends don’t listen any more.

DC:  There is no back wall; it’s when enough pressure is applied and everyone is in the right mood for it to get done.

740 caller:  If I exchange, will I lose my Social Security? Any banks in Marietta OH?

DC: I don’t know;  ask your attorney about that.  If the town is over 100,000, there will be places to exchange, such as Columbus.  Wells Fargo is the lead bank, but all the big banks will either do exchanges or have corresponding banks.

Caller:  I think whoever is doing this is driving with their foot on the brakes.

Tony:  this could have happened years ago or months ago, but the results would have been different.  It’s about who is in charge, what laws are in place, and how it will affect our economy and the world’s economy.  They are ready now.  I have said for a while, “Just do it and fix it after” but if they had done it earlier there would have been much more chaos.  I like to look at these things from the other person’s point of view, because there is more going on here than what affects us personally.  We can’t solve an individual’s problem while ignoring the impact on 350 million other people.  Yes, you need to take care of yourself first, but it’s important to keep the perspective, too.

Caller:  I owe money to the IRS, and I’ve been using that money to help others get food and keep their lights on…

Tony:  I owe them money as well, but don’t tell them.  When this happens, the IRS will be all over it, I promise you.

954 caller:   I’ve had better days.

Tony:  Well, hopefully this weekend we will ALL have better days.

Caller:  If I come across a pile of currency with a receipt on it, can I exchange it with someone else’s name on the receipt?

Tony:  I doubt they will let you exchange it that way, but you can always try!  You can probably find some dinar/dong lying around that someone threw away thinking it was worthless, but if it has a receipt attached, that is a whole different story.  That is between you and the bank.  You’re in Florida, right?  Everyone there needs to watch the street!

609 caller:  DC, a question, if you could answer it slowly, please.  Can someone go with you to the bank if you assistance?

DC:  If someone has a disability or needs some other kind of help understanding something, then they can have a helper with them.  The banks would prefer you to come in individually if you can, but if you need help, then bring someone with you.

304 caller:  I do enjoy listening to these calls three times per week.  I’ve only been in this for a short period of time, and I appreciate all the information.  I have a question:  a relative bought some Zim for a friend, twice, so there are two separate transaction slips.  Can he put them on one letter?

DC:  I have a number of trusts and companies, and I wrote all the transactions up on one page with dates and amounts, and my attorney said that was okay. In general, the more documentation, the better.

601 caller:  I watched PM Abadi’s speech in Germany, and it was fascinating.  He paused when someone asked him a question, and he said that because of issues with contiguous countries and clans, Iraq can handle the ground attacks but not air attacks.  So when President Obama made his statement saying that the US would not send in extra ground troops but be part of the coalition air campaign, that made perfect sense to me.  I would not want to be on the ground because the air attacks can deliver a bomb right into your bedroom these days.

DC:  I agree, and I’ve experienced it.  That’s why the coalition is so effective, because they can agree on what goes where.  You need people who understand what to use where, including air controllers and pilots as well as the military leadership from the various services and countries.  Coordination is a constant pain in the ass, so it’s better ot have the different country sending their own forward air controllers for their respective air forces.  I think they are going about this very efficiently and effectively, much more so than getting involved in a ground war.

Caller:  Abadi said, ‘If you give us the equipment, we’ll prosecute the ground war and paint the targets.”

DC:  Exactly.  In the past, ISIL was effective because they exploited the different clan groups. It’s better to have Sunnis fighting Sunnis, and Shi’a fighting Shi’a.  That is why I think Abadi has done a fabulous job (with the Council and the Kurds) to pull this together.

Caller:  Abadi was pitch-perfect in Germany.  I disagree with the caller who wants you guys to step back. Through you, I have been able to inform people in high places and help them understand.  Other people say things, and I come to you guys and that squares it all up.  Otherwise there would have been a vacuum, and Nature abhors a vacuum.  I don’t like them either!

970 caller:  [Appreciation]  May I present my game plan and you could add to it?  I have some physical dinar, and more in a layaway;  I also have physical dong.  My plan is to get money to live on, so when it goes, I will exchange at least one 25K note.  Can you excahgen more than that, or some dong?

DC: If you are not in Dallas, SF or NYC, you will probably get in within a day, we hear that some banks will allow you exchange up to TWO 25K dinar notes over the counter at the international rate.

Caller:  But by the time I pay off the reserves, you said we probably won’t get the contract rate.  However, I can put in a sell order, and have that money pay off the reserves, and exchange those through the dealer at market rates?

DC: That is probably the case.  You can ask the bank if they will give you contract rates, but there is only so much in the contract pool.  The dealer can then wire that exchange money to your bank account.  That money will just show up at your bank, so there is no way to bump it up to contract rates.

Caller:  So if I go to the bank, I could explain that I have reserves, and when I am able to bring in the physical dinar, might they still exchange at the contract rate?

DC: It’s worth asking.

Caller: What about the dong?  If it comes out at eight cents, what should we do?

DC:  We do hear it will come out at $.08, but that could change in a second.  When we originally got into this, we thought 5 cents would be amazing.  Vietnam and China would like that to be much higher, and we don’t know how long that will take.  If the dong is your risk money, you might want to just hold onto it, or you might want to exchange it and buy more dong, or invest in Vietnam Stock Exchange or mining or manufacturing.

We don’t know if it will come out and stay at $0.8, rapidly go up to .47, or if something bad might happen and it could even go down.  You have to assess the risk for yourself.

Tony:  The contract rate for the dong has disappeared, but everything could change at a moment’s notice.  We have seen rates over a dollar, or .47 or this .08 that came suddenly out of nowhere.  I don’t see that this $0.8 rate will hold.  Even if it takes five years, my sense is that it will go up.

So you bought your dong at the bank, and the bank got its fees for buying it, then the bank makes money when you exchange it at way more than you bought it for – we’re still all winning!  Pay the wealth manager to watch it and see what happens.

Pam:  It’s a two-hour call and you have four more minutes.

DC:  Everything looks really good all over.  We are looking for the laws and Budget to come out this weekend;  that is the expectation.  Let Iraq do this on their own timeline;  they are not as stressed as time as we are.  Both Iraq and the US are making a strong attempt to get this done this weekend, so everyone needs to take a chill pill.  We are so thankful to everyone who has given their time, expertise and information to help you all out, both Pam and the TNT team and all our other sources.  When we had the Twitter campaign because we were going to get cut out after the VIPs went through, there was that elder statesman who stepped in with his team, and that gave us a seat at the table;  we may be silent but we are still there.

Pam:  TNT seconds everything you just said.  I also thank the Mods;  it would be chaos without the Mods, Honorary Mods, transcribers and note-takers who make them available immediately after the call, and those in the chat room who help others.  If I tried to name them all, I would forget someone, but you know who you are.  As Tony says, take care of yourself first – you can’t build a house without a good foundation, so solidify your foundation, let your money make money before you spend it, and don’t give away the Golden Goose when you eat the eggs.  And Tony, don’t forget your sweethearts because it is Valentine’s Day tomorrow.

Ray:  Continue to enjoy this Financial Freedom Friday.

Tony:  All my sweethearts are taken care of.  Some people think we should have forced this to go through a year ago;  that was never our position.  We only wanted to make sure we were included and treated fairly.  That is why so many people around the world from multiple parties, banks and countries came in to support us.  At one point it got personal, and I don’t understand why, because we were just trying to support the country as a whole.  You guys can pick on DC if you want!  We are here, we are done, and thank you to everyone who helped.  We still have another call to do; according to the last update, we will be able to do four calls, but that could change again.  I am absolutely positively expecting something weekend from the timings that we have.  I can’t guarantee that – it might be Monday or Tuesday or something might blow up. However, I can tell you that it is in the Gazette and they will make it very public, and I believe we will see the rate we were looking for at that time.  By the time we do OUR call, we will see the rate we were looking for.  Stay calm, wait for the tweet, and we’ll take it from there.  It’s a sunny day here, 72 degrees in Sacramento [and 80 degrees here] with people in shorts driving around with their tops down… that’s for people in Michigan and Minnesota and other places where it’s zero degrees.  Somewhere it’s a good day, so have a great day! 

TNT & KTFA CHATS UPDATE, 13 FEB

TNT:

GDT:
 i deposted some momey in our bank and the teller handed me this note all our banks will be closed saturday 2/21/15 for personal training. asked want she just smilled.

GJHonor:  mrs.) hope it does not mean what I am reading for the Rv. Millionday in the forum. THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE. The instructions will be applicable starting from Feb. 22, 2015. (Source: CBI)

Iko Ward: Just a reminder, folks. Forex will probably lag behind any RI/RV as much as ten days. Depends on how they decide to play it. Sandy has always pointed out that most big business will not want to change their books until the 30th of any given month. Doesn't mean we won't exchange this weekend, just means it won't go public

June1: IKO GOOD MORNING! would you please explain hope it does not mean what I am reading for the Rv. Millionday in the forum. THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE. The instructions will be applicable starting from Feb. 22, 2015 - does that mean RV would not be till than? Thanks

Islandgurl:  June1: I know you want IKO's take on this one but I am offering you my take on this: Our presents have been wrapped and they are all under the tree awaiting "Christmas Morning!" We are just waiting to xhale.

Tbirdd:  june-----thats Good news!----changing the rate......


********
KTFA:

Frank26:  Hmmm Life is ......... Good ......... Isn't it CBM?

Last night on TEAM CC You saw some stuff that put You ahead of the curve didn't You ........ Cool stuff huh?

You saw TEAMS target Sat or Sunday for budget......... Along with the trimmings of how we gather data.

You also saw the ONLY way this Economic Reform can START is with the LAWS INSIDE the budget ......... AT ANY RATE !!! You also saw the 7 ..... 3 letter groups that are PUSHING all of this with A.

You also now KNOW why SHARKS and WHALES are IMPORTANT and NEEDED !!!

On Monday's CC we will SHARE all that You saw last night and MORE because IOO (In Our Opinion) the Budget will be in position by then IF HER LAWS ARE INTACT !!!

TODAY ......... Closer to MARCH as we said in NOVEMBER ........... WE NEED THE BUDGET LAWS TO BE PASSED AND ACTIVATED WITHIN THE BUDGET TO START THE ECOMONIC REFORM AND MOVE THE MR FORWARD WITH THE GOICBI !!!

Almost DAY after DAY WS has posted the EVIDENCE for BUDGET LAWS to be PASSED in order to OPEN the BUDGET without a negative consequence of Iraq becoming insolvent.

We travel to be with our grandchildren now.

May I leave You with some stuff from late last night?

The BUDGET and LAWS are NOW MARRIED as the GOICBI is MARRIED.

No one on the net knows this yet......... Ta Da...... This weekend IMO.

They are doing all correctly and none of them care about our agenda.

Aloha Friday  KTFA  Frank

S3A CHAT UPDATE, 13 FEB




  • Folks......

    I'm Hearing From Sources That The Budget IS Posted in the Gazette......

    But like Exo used the Analogy about ESCROW & RECORDING OF THE TITLE????

    That's Where We're At......

    All Indicators are Pointing To a GREAT WEEKEND !!!!

    Sit Tight.....We're In The Final Turn Heading Home!!!

    • It's definitely going to be a great weekend either way for me because it will be my Bday!!! Whooooo hooooo Woukd love so RV can't candles on my cake!!! LOL


***********

robert:  morning exo and family, exciting times for us guys ahead, spoke to my 2 contacts in middle east, take it for what it is,as they were wrong last time they gave me a date due to banking laws still not passed. They have said 22nd feb we should be exchanging. Namaste.

R.V. / GCR : There is some credibility to the 22nd date some of the rules for Intl trade from cbi.....Thank you for sharing Robert The instructions will be applicable starting from Feb. 22, 2015. (Source: CBI)

R.V. / GCR >
 Arthur is calling the Rv/gcr today so i will keep to what I posted........all that says is there is some credibility to the 22nd according to CBI source

JCR3758 TWEETS, 13 FEB

@JCR3758: It is expected that the budget will be in the Gazette on 2/16. This means that the new laws have to be in place and funds available for them

@JCR3758: GOI & CBI are still pushing for the economic reform now. New contracts and pending contractual obligations require funding now.

@JCR3758: Parliament in section today. Iraq needs to have an internacional currency for financial stability. Get ready for the domino effect.

DINAR GURUS UPDATE, 13 FEB

2-13-2015   Intel Guru Bulldog75   THESE ARE SOME OF THE BEST CONDITIONS WE HAVE SEEN IN A LONG TIME FOR IRAQ. THE MOST CRITICAL SITUATION HERE, RIGHT NOW, THIS VERY MOMENT, IS THE IRAQ BUDGET BEING OFFICIALLY RELEASED IN THE GAZETTE AND THE LOWER DEMONS ABOUT TO BE RELEASED FROM THE BANKS TO THE PUBLIC. REMEMBER, IRAQ CITIZENS ARE CURRENTLY USING THE US DOLLAR. IF EVERYTHING GOES AS PLANNED, THE USD WILL BE CALLED IN OVER THE WEEKEND AND THE LOWER DENOMS COME OUT IN EXCHANGE WITH A "RE-VALUE". THIS WILL NOT BE AN RI. MINIMUM RATES SHOULD BE 3.33 UP TO A MAXIMUM OF 11.11 DEPENDING WHO YOU ARE ; AND WHERE YOU ARE.  THIS IS NOT A FIRE DRILL. 

2-13-2015   Newshound Guru Aggiedad77
   Article:  "Kurdistan: Visit the region's delegation to Baghdad on Sunday"   The Kurds continue to grow restless over the lack of salary payments from Baghdad and PM Barzani will lead a delegation to Baghdad on Sunday to discuss salary issues and any other remaining issues that pertain to the oil and gas agreement signed in December.

2-13-2015   Intel Guru Mnt Goat   As we know president Masoum ratified  the 2015 federal budget bill on Tuesday Feb 10 and we now wait for it to be posted in the gazette. But don’t be in such a hurry for this since there could be complications if this is done too quickly. Technically we DO NOT want the budget bill to be posted in the gazette without an increase in value to the Iraqi dinar first...if the budget gets posted in the gazette without some major financial changes/restructuring taking place, then Iraq can not meet its financial obligations as approved under this new budget to pay debtors. What I am hearing is simply that technical issues are holding up everything. These are not hard issues to fix and the GOI and the CBI want them fixed prior to moving forward.  ...they are about to revalue the Iraqi dinar IQD and it MUST happen in the coming next few days ahead (not weeks).  Do not be discouraged...we will see this RV very shortly.

2-13-2015   Intel/Newshound Guru Poppy3  I DON'T REALLY EXPECT A RATE BEFORE THE MEETING WITH BARZANI THIS SUNDAY BECAUSE THEY CAN'T PUBLISH THE FULL BUDGET TILL HE SIGNS OFF ON THE KURDISH PART OF THE BUDGET AGREEMENT. SUPPOSEDLY AT THAT POINT THEY CAN GIVE THE RATE AND PUBLISH.  REMEMBER THE GAZETTE USUALLY PRINTS ON SATURDAY BUT THEY HAVE SAID SEVERAL TIMES THEY CAN PRINT A SPECIAL EDITION ANYTIME NEEDED. HANG TIGHT RICH FRIENDS IT ALL IS VERY PROMISING AT THIS POINT. 

2-13-2015   Newshound Guru Millionday 
  "Iraq has begun advancing steps forward to enhance its security and its economy, and that all political forces see in the political reforms the best solution, pointing to the presence of significant challenges will be to overcome the togetherness of everyone's efforts..."   SO WE ARE NOW IN THE REFORM PROCESS.   I HAVE AN ANNOUNCEMENT ABOUT THE ISX -- IRAQI STOCK MARKET AND WHAT CBI HAS STATED:  "According to the announcement by the CBI, CBI Board of directors has taken decisions on its exceptional sessions no. 1519 on Jan. 25, 2015. According to the CBI’s Law No.(56) for the year 2004 (revised), CBI issued instructions to achieve the goals of the bank and the stability of the IQD exchange rate against foreign currency through the optimum use of the resources of foreign exchange resources... THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE.  The instructions will be applicable starting from Feb. 22, 2015. (Source: CBI)

2-13-2015   Intel/Newshound Guru Poppy3 
   MEETINGS OF FINANCE COMMITTEE'S IN BAGDAD WENT WAY INTO THE NIGHT TODAY [THURSDAY]. REPORTED THEY WHERE IN MEETING TILL AFTER 11 PM IRAQ TIME. NO WORD ON WHAT WAS DISCUSSED BUT SHOWS THEY ARE DETERMINED TO COMPLETE THEIR JOB.  NO DELAYS AND NO STATUS QUO FROM HERE FORWARD. WE HAVE NO IDEA WHAT THE TRIGGER OF COMPLETION IS BUT KNOW THEY ARE WORKING TO GET TO THE CBI SATISFACTORY TRIGGER POINT. 

2-13-2015   Newshound Guru Adam Montana 
  [Could the (supposed) impending return of Dr. Shabbi to the CBI have any effect on the timing of an announcement?]   Dr. Shabbs has always had my respect as an intelligent and capable person - if that's what's going on, I'm sure there's a good reason.  My main focus right now is on the HCL. 

Multi Currency Account vs. Multiple Currency Accounts, 13 FEB

Managing foreign bank accounts can be complex, unless you choose the right bank and the right type of account. The recommended and mostly efficient options would be to hold either one multi currency bank account or several bank accounts but in one bank. Benefits and differences of both options are discussed below.

When you open an offshore bank account you most probably look to be able to operate in several currencies. The latter often results in holding separate accounts in different currencies. Many banks oriented to international clientele will certainly provide you with the necessary currency facilities, but not all of them secure the most efficient way for you to handle your transactions through these facilities. Your banking flexibility and maintenance expenses are not the last items to contribute to your commercial success.

Advantages to Holding Multiple Currency Bank Accounts in One Bank

Once you operate in several currencies and have to hold separate accounts for each currency, holding all of them in one bank would be a perfect solution by a number of reasons:
  • it makes your life easier in terms of the paperwork you have to prepare to open each new account comparing to opening them in different banks. One set of documents opens you several bank accounts;
  • it simplifies foreign exchange conversion and minimizes foreign exchange risks. You get extra flexibility to switch from currency to currency and employ any currency diversification strategy to the best of your economic interests;
  • as a rule, you can manage all your accounts within one Internet-banking session. Once you logged in, you have access to all of them, instead of keeping separate passwords and login details, which might be inconvenient and insecure.
Still, you should remember that holding separate accounts multiplies your banking expenses. Each account may involve a separate initial deposit requirement or a minimum account balance thereafter, plus extra bank fees for account maintenance, being charged monthly, quarterly or annually, depending on or regardless of the volume of transactions on the account.
From this point of view, holding one multi currency bank account might be even a better solution.

Multi Currency Accounts

With a multi currency bank account you can have a combination of foreign currency accounts under one account number. It gives you all the benefits of foreign exchange flexibility as with multiple currency accounts. Herewith, you have balances in different currencies on one and the same account and can wire money in and out in any currency including international SWIFT transfers with no restrictions or limitations.
Your expenses for maintenance of a multi currency account are normally more favorable comparing to keeping multiple currency accounts. One account – one service fee, one minimum deposit to keep on it. The latter is especially actual for current commercial accounts.
With one multi currency bank account you can normally handle as much currencies as you need, including USD, EUR, GBP, other major currencies and more. Just make sure your bank has a corresponding account in the needed currency.
For those who are looking to diversify from one main currency, for example, the US Dollar, but not sure at that particular moment, which other currencies he might want to have in a while, opening a multi currency bank account is the most logical choice.

How to Open a Multi Currency Account

Opening of a multi currency account is not something really different from a regular offshore bank account. Some banks open you an account in multiple currencies by default, once you open an account with them.
You can always visit the bank in person. Quite often it is possible to open an account by mail.
Some banks do not open namely multi currency accounts as described above. However, you are welcome to open a currency account in one currency of your choice, for the start, and you can add more currency accounts at any time later at your convenience with no extra paperwork involved.