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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, May 15, 2015

EXCERPTS OF DC & S3A CHAT UPDATE , 15 MAY

DC: The Obama administration guys mainly want this to be as least destructive timing as possible. They see a couple of windows and want to choose the best one possible. A lot of the stop and start is because of a fluid negotiating environment. That is their story and they are sticking to it.

It was suggested this happen Wednesday night and then last night. Iraq has everything ready, prepped and trained for this...in the mosques they are saying this is seriously happening. Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through. They...would like to choose the least disruptive time to do this, which means after markets close at the weekend.

Rates were showing and...Screens went black last night because they are reloading the rates. Some have confirmed this and send out memos saying they are ready any time. Some banks have called in tellers, wealth managers and security. Everyone is moving forward. 

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S3A :

  • You dont know because i did not tell you thats why you dont know now you KNOW. RAQ WILL BE SOVEREIGN ON SUNDAY THAT PUTS YOU ALL IN THE BANK THE FALLOWING DAY. THIS IS YOUR ARTICLE 8....ENJOY YOUR LIVES THIS IS THE RV I TOLD YOU ABOUT.....PRAISE THE LORD....ALL OTHERS CAN GO TO HELL.......PT
  • IRAQ WILL BE SOVEREIGN ON SUNDAY THAT PUTS YOU ALL IN THE BANK THE FALLOWING DAY. THIS IS YOUR ARTICLE 8....ENJOY YOUR LIVES THIS IS THE RV I TOLD YOU ABOUT.....PRAISE THE LORD....this is not a fire drill.
    • yeah yeah yeah whatever

  • Hi All, Ariel has issues with computer right now so he asked me to post for him.  See below:
    LindaR > Louis Thomas Mckenzie May 15, 2015 at 12:54pm
    Yes, the Jester opinion has me really bummed out as well.  Here is what Jester actually said or wrote: 
    Point: Jester] THOSE THAT THINK THEY ARE SIMPLY WAITING ON THE RV OF A BAZILLION DOLLARS WORTH OF IRAQI CURRENCY FOR WHICH THERE IS NOT ENOUGH MONEY IN THE WORLD TO PAY FOR IS A VERY SHORT SIGHTED VIEWPOINT...
    Ariel: Well yes' Jester. Because what he has failed to realize is people have already been exchanging the Dinar privately some of whom we haven't heard from that were regulars on certain forums who may be under an NDA as to not rock the boat. When you say there is not enough money, you could have been a little more detailed as to what money is vs currency or digital money. If you are talking physical paper I couldn't agree with you more. There is no way that this would be possible. But to suggest that this notion somehow down plays the important's of why this revaluation take place spits in the face of those who know exactly why this has to happen. Especially if you don't have a gold or asset backed currency which is a requirement for countries looking to use their money in house instead of the US Dollar outsourced non intrinsic money. in 2012 66% of all sales were done by credit cards, 31% done by debit cards. People don't even use cash anymore. I wasn't expecting a payout of ''Bazillion'' in cash as they said people who have Zimbabwe currency that exceeds 500 million will have annuity payouts anyway. Which is a much bigger return then the Dinar. You are trying to steer the thinking in a certain direction of getting people to expect not to get a return on their money as this entire point revolves around because of oil credits.  [Jester] THERE ARE OTHER FACTORS THAT HAVE TO BE CONSIDERED WHEN TRYING TO FIGURE OUT THE ANSWER...

    Point:[Jester] THERE IS A PLAN... AND THE THINGS THAT WERE PLANNED BY PREVIOUS ADMINISTRATIONS HAVE CHANGED SOMEWHAT...

    Ariel: The phrase ''somewhat'' doesn't denote the base principal of why this (RV)has to take place if you are trying to rid the world of oligarchs who control a currency that is backed by nothing of intrinsic value that permits them to be the world reserve currency and expect the hegemony to continue. Plan A, Plan B, or Plan C-Z will all follow the bottom line of entailing Basel 3 Compliance to compete on the world stage to avoid becoming a 3rd world country which most or trying to escape by switching over to a more level playing field. End quote.

    Point:[Jester] IT HAS GONE ON TOO LONG ALREADY... ASK YOURSELF WHY IRAQ IS STILL SUPPLYING DINAR TO DEALERS TO SELL TO YOU WHEN THEY HAVE NO INTENTION OF BUYING THEM BACK?

    Ariel:The US/Treasury Government is the largest holder of the Iraqi Dinar outside of Iraq. Trillions or in the vaults and have been for quite some time. Back in 2010 I think it was the Treasure did an initial currency swap to fund the government and ministries. Dick Cheney, George Bush, Alan Greenspan put this plan together to buy Iraqi Dinars in a kick back program for their efforts in Iraq. You think the US Treasury' is going to be sitting on useless paper because they changed the design and security features on the Dinar we now hold? http://www.wealthdaily.com/articles/the-revaluation-of-the-iraqi-dinar/3145. We will not be selling our Dinars to Iraq they will go back to the UST which will credit those oil credits to our accounts. More on this later. End quote.

    [Jester] WHERE ARE THEY GOING AND FOR WHAT PURPOSE?

    [Flyball] To China ... for needed oil.

    [Jester] Flyball VERY GOOD... SO THEN... IF IRAQ IS SUPPLYING THEM FOR THAT PURPOSE... WILL THERE BE AN RV?

    Point:[Jester] VERY SIMPLY PUT... IF THEY KNOW THEY WILL NOT HAVE TO BUY THEM BACK... WHY NOT SELL THEM TO THE US FOR DOLLARS WHICH THEY CAN PUT TO USE NOW...
    IF THE EXIT STRATEGY IS OIL CREDITS THAT IS OUR PROBLEM.... AND THEY RI AND WE TURN OUR DINAR IN HERE AND IT GOES TO CHINA FOR SAID OIL CREDITS AND THEY SUPPLY THE OIL AT A FRACTION OF THE COST OF THE DINAR... AND THEY GOT FULL VALUE FOR DOLLARS NOW....
    Ariel: First of all when this thing started there was 27 trillion worth of reserves on the streets. President Bush at the time said the war would pay for itself right? The US took 4 trillion of those reserves and other countries also. So about 19 trillion were left over and some of the went out to spectators which would be us plain Joes & Janes who now hold this money. The CBI has been pulling in the rest of that money which was 97% at most. The oil credits will be given electronically out of the dinar. 
    This goes back to my first point about when Jester said how will the US pay out all this money it doesn't have. Example:  Lets say I have a million dinar the bank will deliver it to the UST who will credit the exchange dollars to my account ''electronically'' then the (UST)will then trade the oil credits back to the CBI (Central Bank Iraq) which will be digital. Understand now? Jester is trying to cause confusion that's all. Everything can be explain are made simpler. This goes back to the conversion of our currency vs selling it which we will not be doing that in of it self destroys this whole point Jester tried to make. So tell Louis Thomas Mckenzie to calm down and don't let this put a false perception on how this thing is going to go.
    • Thank you SoCal Cutie !!!! Please let Ariel know I said hello and missed his Intel......

Super Short MacJedi Nuggets Conference Call Notes May 15, 15 MAY

MacJedi said
09:55 AM May 15, 2015
Audio Link: http://iTeleseminar.com/69857139

 Good Morning TNT: Everything is still good. 1.3 Million is roughly the audience of this call.  Info from World Bankers, IMF, CBI, DC, Treasury and more...  This info is all voluntary and comes from many many different sources.

IRAQ: Ramped up and Prepped..  Iraqi's are rolling their eyes and wondering what the ****  Why is the US blocking this as some Iraqis are saying.

US has a different response to that.  Lots of contention brewing... MOSQ is now airing this kind of energy.  The MOSQ is a traditional NEWS arena.  Lots of grief going on with all the confusion...  Pressure mounting and this is all becoming a pretty big deal.

Parliament still passing laws that are super important but not vital to the RV.

CBI and all Finance ministries are ready to go and very tired of waiting.

BBC, US News are talking about Ramadi, Anbar province Sunni Based and where ISIS originated... 5 car bombs went off in this area... in front of municipal centers.  Kurdistan President Barzani is saying they are breaking the back of ISIS. Just a set back not a derail event...

IRAQ IS READY TO GO!!!!!

USA: Working on timing...  Trying to choose the correct time.

US still blocking in light of needing perfection,  Rumor was Thursday.....

Bankers were showing rates and calling people in but screens went blank...  Many were called in... Security, Wealth Managers and more... To do the exchange on Wednesday and Thursday while rates were on and of again and again on screens.

Friday has shown to have the banks calling people in again today...  BUT... Question is "WHY IN THE WORLD DID IT STOP AGAIN?"  Everything is in a holding pattern BASED ON THIS ONE AGENCY...  GUESS WHO?  SO far it is not a bad day but also not a Super Fantastic Day...

Politics...  The message...  There is some great frustration as to why not... is this public?????????  WHY! is this taking so long...  Fairness????  Efficiency?????  What!  People in the know say they are not seeing this as a negative...  Senators are complaining they will not have any staff left after this RV and bankers are facing the same thing...  Everyone is afraid of losing their seasoned people...  Others are saying pull the trigger before you lose everyone.

Other Bankers are saying this is still a SCAM!

There is a statement on banks screens saying "Awaiting the revaluation of the Iraqi Dinar"

ON TO CALLERS: This is the biggest financial thing to ever happen on this planet so frustrations and the need for perfection is a common thread.  The same time periods keep coming and going..  Too many cooks in the kitchen.  Negotiations for each divisions own side keep occurring.

What we have been going through is a fine example of "Creature From "Jekyll Island",  "Confessions of an Economic Hit Man", "Negotiating 101",  "The Art Of War", "Team Of Rivals".  Read to understand the real depth of all this manipulation or just stay intent on "WHEN IS THIS GOING TO HAPPEN!!!!!?????"

There are still more early exchanges happening.  Pre authorized centers already have codes for exchanging the early exchangers.  Public rates came up on screens and some bankers tried to do it but before they could carry out the exchanges they got an error code of no authorization.

Rates: All appear to be healthy...  Taxes ... no change ... we don't know...  New nomenclature is "Pause" Not "Delay" and there have been a few since Wednesday.  Bond Markets will not be open until Sunday...  What will be the rates at that point?  Historical Bonds have been transacting for a good week...  Iraq bonds and Iraq are at an A Rating...  General Bonds have been sold and are supposedly based on the new rate...  Are we in a 10 day window???  Frankly ...  probably not...  This is vastly different and more complicated than Kuwait's 10 day window historically.



OK... MacJedi is worn out on this issue so notes end here...  I am going to go buy a camel...  That is an aqua camel that is sure footed and can wear a pressure suit and am going to ride it to Iraq and maybe by the time I get there we will have an official RV but I will enjoy the journey and take my underwater cam.

TNT CC NOTES, 15 MAY

5-15-15 TNT DINAR CC (Notes by Adept1):

Replay 805.399.1500, PIN CODE 409029#

http://events.instantteleseminar.com/?eventid=69857139

Good morning, TNT!  Today is Friday, May 15, 2015.  It’s ‘Finally going to get it Friday’!  Who would have ever thought we would be here today?  It’s a scary time for a whole lot of people.  Everything is still good.  DC?

DC:  I understand there’s a whole new set of listeners, so I’ll do a quick introduction.  That is Tony Renfrow and I’m Winston/DC.  We have at least 47 countries and thousands of people listening to this live call, and with the replays we believe there are 1.3 million in our audience within the first 24 hours.  We are talking about the dinar revaluation, with the best information we can get out of Iraq, bankers, the US from the highest to the exchangers in the banking industry, as well as other helpful sources throughout the world.  WE started out as a small group and our sources expanded because they like us and respect that we are trying to help as many people as possible.  We don’t sell anything, and donations don’t even cover this call and site.  We are not financial advisers or attorneys, just two guys trying to help people with information.  We start with Iraq because it’s their currency, and the move East to West to the United States.

Iraq has everything ready, prepped and trained for this.  Iraqis are rolling their eyes all over the country although in the mosques they are saying this is seriously happening.  Those of influence in the mosque have brought up concerns about why they are letting the US control this, and tensions are rising once again.  They have been dealing with that all week, saying the US is holding this up.  Of course, the US has a different take on that, but it’s causing a lot of tension.  All the Iraqi governmental councils are getting a lot of grief about that, and it’s being aired in public forums like the mosques on Friday (which is their holy day similar to our Sunday).  They give out news and world events at the mosque;  this started long ago when  people were illiterate and without public media.  It’s causing a great deal of grief in Iraq and they are letting people know.  Agencies have briefed their leaders around the world, and even the financial guys understand that pressure is mounting and being openly discussed.

They had a good weekend in Iraq. Parliament has passed a number of important laws that are NOT vital to the RV.  This shows political maturity and the ability to make compromises in a quickly maturing system in Iraq.  My colleagues are impressed.  All the main ministries are prepared for this to go through, rolling their eyes, tired of waiting.  Everyone else feels the same way in Iraq.  Recent reports in the US and BBC talked about Ramadi.  If you look at Baghdad, Ramadi is on the left, in Anbar province.  This is a massive, desolate province without many towns.  The big towns are Faluja and Ramadi;  it’s a Sunni-based province where ISIL fermented.  IN 2006-7, the surge we went through was in the Anbar province, where we beat back insurgents.  In Ramadi, five car bombs went off.  It’s a Sunni, ISIL-sympathizing area, and they set off big car bombs in front of the municipal center and then stormed the building. Countermeasures are in place and won’t take long to get the town back.  The Kurdish president said that have broken he back of ISIL;  I agree that ISIL is falling apart slowly.

Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through.  That is being felt at the highest level, and they will not wait much longer.  It is good for us because that pressure will resolve this more quickly.  What happened in Ramadi will not distract from the RV situation, much as we feel for those injured or killed.

Tony:  So Iraq is all ready to go. They are not holding this up because they are telling their people that they are ready to go and ‘this weekend is your weekend’.  After the last call, certain clerics told their people that the US is holding their country down.  They are especially telling people this in the mosque.  I don’t know what was on television.

DC:  It’s more about the economic reforms and also the bombings.

Tony:  The country is ready to go.  Parliament did meet, but the laws they passed are for their country, NOT about the economic reform.  They have completed the economic reform and now the US is holding them back.  They are saying this to their people now.  So we wait.

DC:  Most of Europe is working on timing.  Depending on your political leanings and frustration level, some say we just trying to choose the correct time to do this.  It was suggested this happen Wednesday night and then last night.  They are wrapping up and would like to choose the least disruptive time to do this, which means after markets close at the weekend. Those who are  more critical say the US blocked it again on Wednesday and Thursday nights.  I think the truth lies somewhere in between.  I think they would really like this to go at the weekend, although they originally thought Thursday night/ Friday morning would be best for Iraq.

Rates were showing and bankers were calling people in yesterday.  Screens went black last night because they are reloading the rates.  Some have confirmed this and send out memos saying they are ready any time.   Some banks have called in tellers, wealth managers and security.  Smaller banks are feeling glum because they were told it would go yesterday and it was stopped again.

Tony: Yesterday, bankers called people and scheduled people to do their exchange.  They brought people in saying they would do this last night.  They worked through the night, the rates came in, went away, came back in and went away again.  They came in this morning and there were no rates.  At 7am this morning, though, they were calling people in again because we are doing this.  Everyone is geared up to do this but it still hasn’t happened yet.  Iraq has said they have done anything;  the banks say “we haven’t seen it yet;  we are sitting here waiting for this to happen!”  So we are in a holding pattern right now, waiting for one agency to let this go.  Some think we are ramping up now;  others are saying that we are waiting on completion (rather than not doing it).  It’s not a bad day, although it’s not super-fantastic day.

DC:  We will talk politics for a moment in a nice way.  I’m personally independent, but I want to explain the message others are giving and receiving.  There is a lot of frustration about why this hasn’t pushed through to the general public.  They know it’s gone through so why it is taking so long to get through to the public?  Some think that more and more people are getting involved.  Some acknowledge the frustration but want this to be as perfect as possible before being released.

Tony:  Everyone I was with last night has currency – some just bought theirs and are expecting in tomorrow.  If they don’t want this to expand any further, they should go right now!  People are not seeing this as a negative any more, and it’s about to explode if this goes another 4-5 days.

DC:  Many in this process are concerned with that. Some Senators have complained that their staff are all quitting because of this.  They are trying to keep this quiet, but now the whole dang office knows.  Bankers are having a worse problem so bank staff are now really worried.  Some banks just don’t know what to do after this because most of their staff plan to quit after exchanging.  So many are saying, “Just pull the trigger so that we stop losing our good people!”

Tony:  A West Coast back VP is still saying their bank says this is a scam.  She has dinar herself!  But she has to tell her people the official line, and they are killing themselves every day this goes on.  Every day it’s becoming a reality.  I have a story, too. They are looking at the bank screens and it’s says, “Awaiting the revaluation of the Iraqi dinar”.  They never saw that before, and bankers are in dismay.  Hopefully it’s all over soon.

DC:  I understand there are many new bankers listening;  welcome and I hope you are learning something you are not getting from other sources.  We are here to help and our goal is to make the exchange process smooth and painless for speculators and bankers both.  We are happy to do conference calls if you need them to be successful in this process as possible.

Tony:  Here is the big thing.  I am not against the banks (mostly) or the government. Since I’ve been here (five years) there has been this big thing I got from the US Treasury – that 80-90% of dinarians will be broke in two years, that there will be a bunch of ‘toothless crack heads’ with  too much money.  What we are trying to do here is to teach people how to exchange, invest, change their lives, deal with money, to cut that percentage down to 20% or less.  It’s about educating people in finance, life, making decisions to improve their lives and the lives of others.  It’s about more than the dinar revaluation…

828 caller: This must be exploding every day.  Obviously if the Obama administration is stopping this every time it’s ready to go.  I’m surprised that the other side and the world don’t say “we’re tired of this!”

DC:  The Obama administration guys mainly want this to be as least destructive timing as possible. They see a couple of windows and want to choose the best one possible.  A lot of the stop and start is because of a fluid negotiating environment.  That is their story and they are sticking to it.  Other folks are saying that is about power plays and manipulation, and also the situation is afflicted by the Good Idea Fairy, constantly adding and changing things.  I  think there is truth to both sides, and no one has all the information about this to know for sure.  There are folks listening to us from all sides, because we provide some transparency to the entire process.  It’s an incredibly complicated worldwide event;  this is the biggest financial event EVER, so you can imagine the politics, power, frustration and all the rest.  That should piss off both sides.

Caller: So if they want this to happen at the least destructive time… how do they get that if we keep passing windows and such?

DC:  That’s where the Good Idea Fairy comes in:  “Why don’t’ you retake Tikrit?” or “We’d like you to move this line in the HCL…”  Everyone goes “What?!” but they use the pause to negotiate further for their own sides.

Tony:  I’ve given you a few books to read to help you understand what is happening here and also for your life and future:  The Creature from Jekyll, Confessions of an Economic Hitman”.   That will show you what we’ve all be going through for year.  There are two more books that will take you to another level of understanding of your government and the real world:  Negotiating 101 will tell you what is happening at the last minute, when there is a Go signal. The other one is The Art of War;  that will give you the big picture.  Don’t just write them down;  get them and read them because it will change the way you look at your life, at news reports, etc.

DC:  Another one is Millionaire Next Door.  And I recommend The King of Rivals, about Lincoln’s cabinet.  It’s dated but good for overall understanding.  A lot of folks don’t’ care about understanding, they just want this to be over!

Tony:  I was talking to someone last night who said, “I don’t care about all that;  when are we going to exchange?!” And this gal is very bright, she owns her own mortgage company, but there are a lot of people like that.

209 caller:  I was at a baseball game with my dad, and we stopped at a coffees hop. They had a tip jar, and in that there was a 10 trillion zim note and some other currencies.  That alone would be worth about 1.9 million dollars!  I got a picture and will post it if you get me in the forum.  It was crazy.

Is the early exchangers program off the table now?

DC:  A few started to go through at different banks, but that stopped because the banks were not sufficiently comfortable, especially with the timing issues from the US.  There are some folks who have exchanged here recently;  they did a few more yesterday and are planning for more really quickly.

Caller:  So right now the codes are showing up but there are no transaction codes?  How can they exchange then?

DC:  Imagine there are a few test locations like Atlanta, Reno and a few other places.  They are given, say, 20 codes each, and they invite people they know to exchange, choosing those who have a lot of currency because the bank will get the 2% fee and those clients who they can make money from.

Tony:  A few wealth managers who do have active screens, and they tried to do it but before they could complete the process, they got error codes.  That is not bankers who are authorized to do early exchanges, just normal managers who saw the numbers on the screen  and thought they would try it.

Caller:  I also have a question about dong – is $2.27 the international code, and will the contract rates be higher?  What about the tax situation?

DC: The rates are adjusting.  We have always said that the standard rates were on the screen.  I would be blown away if dong comes out at $2.27;  I think it will be lower.  There is no change in the tax situation;  we just don’t know.  We believe it will be long and short term cap gains apart from groups who have negotiated something different in advance.

404 caller:  I think that the powers that be are their own worst enemies at this point.  It sounds like there have been a further two pauses since Wednesday – is that true?

Tony:  One was a stop and one was a pause.

Caller:  For those who don’t want to read Art of War, you can watch it on YouTube.  On the last call, you mentioned the dinar RV rate had been live for some time and Iraq sold international bonds at the RV rate.  Now the markets are still closed, and won’t open until Sunday.  What are we expecting to see those bond rates coming out at then?

DC:  There are several answers there.  The old historical bonds have been transacting back and forth for a week and a half.  Then there are the Iraqi bonds based on the new rates, and those have been in the news because Iraq now has an A rating.  There has been a lot more going on behind the scenes than we realize.  The general revenue bonds have already been sold in some areas based on the new rate.  They can reverse them back to the 1166 rate, but the value of the US dollars will not change, and that will show up when the RV happens.

Caller:  I saw a comment that there might still be a ten-day window, as with Kuwait.

DC:  Pam has mentioned that in the dinar world, but I’m not a subscriber to that mentality.  It’s a different world than when Kuwait revalued.  It’s all more complicated than it was in 1991.  April 22 is a big date in this rollout, and so we’ll see.

Caller:  Let’s hope this is the day and the weekend, and… Vegas, Vegas, Vegas.

DC:  We often take calls from 404 because she asks great questions!

202 caller:  What is the fifth currency in the first basket?

DC:  The Afghani.

508 caller:  I’m a second-time caller and first-time donor.  I heard that there is a lower limit of $10 for donations… can you lower that?

Tony:  I don’t’ know where you are seeing that;  there was never any restriction on donations at all.  I have received 97 cents!

Caller:  [Appreciation]  I understand that one of your goals is to prevent the public being left out.  Was there is something in an earlier call about contract rates being rolled into international rates?

DC: That was about the dong, that the higher rate was not sustainable.  So some said, why not use the contract pool to bump up the rates for everyone?

Caller:  But some people have been paid at that higher rate, right?

DC:  Yes, those who get in early will possibly get the contract rate, but after 2-5 days everyone will get the international rate.

Tony:  Somebody will get the contract rate, and it may be based on how good a customer you are, how much currency you have, what you plan to do with that money.  There has to be some benefit to both sides for you to get the contract rate.  When you  go in, you have to have a plan:  how much you want to exchange and what you want to do with it.  Otherwise, there is no incentive for the bank to give you the higher rate.

Yes, you need to call the 800 number and tell the bank how much you want to exchange.  Don’t make up a number to get an appointment.  But if you already planned to team up with someone and set up a trust, then do that.  The banks have decided that they now want to be competitive with each other.  The banks that said they would never do this are now opening saying they will be competitive.  They want your business!

Caller:  I spoke to a wealth manager and he is gone now!  Then I talked to another wealth manager who seemed to be denying the GCR would happen at all, and that the dinar wouldn’t revalue for 100 years.  They said Zimbabwe has its own currency.

Tony:  It does:  the zim.  They just use seven other currencies as well.

Caller:  [chitchat about Texas]

DC:  As a way to explain what you’ll be going through with wealth managers.  It’s like dating:  if you  show up looking like a slob and talking like a moron, you won’t get a second date.  If you show up looking professional and interested in what they are looking for, then you will get on better with your wealth manager.  Both  people have to win in that relationship.

Tony:  You can’t go to McDonald's on the first date, you have to go to a steak house.

301 caller:  You said to put 50% aside for your taxes;  will they allow me to open a second account for those taxes?

DC: Not in the first 15 minutes, but in the second meeting for sure.  You can go to your own bank and do that, not at the exchange center.

Caller:  I have bank accounts in three banks right now.

DC:  Each bank will have its own 800 number to its own foreign exchange department.  They will schedule your first appointment.  This is the case for all of the main banks and some of the tier 2 banks.  It’s like buying a car:  you get to go to each bank in turn and see what they will offer.  They expect that 90% will just buy the car.  If you are fine with what your bank is offering, you will exchange at that first appointment.  Then you meet with your wealth manager, and set up as many accounts as you wish.  AS long as there is money in each, the bank doesn’t care how many accounts you have.

Tony:  The UST told me a few years ago to keep the dinar separate from the other currencies, because they MAY be taxing that differently.  They have never come back and said otherwise, so…

Caller:  I was going to open an account for each currency I have.

Tony:  We understand that the phone call will be two minutes.  The first appointment is 20 minutes, and after that you will set up another appointment to sort out extra accounts and such.  You may have to make an appointment at each bank if that is what you want to do.

Caller:  Can you explain about the cap on the dong again?

DC:  If contract rates are available, you will exchange up to 20 million dong at the contract rate and at the international rate for anything above that.

Caller:  I don’t want the contract rate.  I have 40 million dong.

Tony:  So you just exchange your 40 million dong at the international rate.

Caller:  [Appreciation]  See you soon in Vegas!

410 caller:  [chitchat]  I’ve been hearing a lot of talk about the IMF and Greece paying 800 million to the IMF?  They may some kind of payment last week;  is that linked to the RV in some way?  Like they are waiting for the dinar to come out so they can pay the IMF?

DC:  Greece is part of the Euro, 27 countries who all have the same rate.   Greece didn’t have the same economic growth or financial discipline as, say, Germany.  So nobody quite knows what to do about Greece.  They owe money to everyone.  Germany bailed them out before, but they want to renegotiate the terms and Germany is saying NO.  They don’t want to take any more hits for Greece, and there are big issues to do with the Euro and financial self-discipline. The dinar would help because there overall economy will take off like a bat out of hell.

Caller:  I travel a lot and I’m not sure what to do in case the RV pops.  What strategy would you suggest?

DC:  Are you international or just in the US?

Caller:  Some of both.  Last time it seemed likely I was in Costa Rica.

DC:  If you a re going for international rate, it’s no big deal because the rates will be stable for a while.  If you are going for contract rate, there is no way that will last more than 2-7 days, so hop on a plane.

Tony:  If I were going for the international rate, I’d carry two notes with me all the time.  I’d call the  800 number close to where my money is kept, exchange those two notes, hire a private plane, and get home as quickly as possible to keep my appointment.  If your currency  is at home, make your appointment there to do it all at one time.

DC:  If you are at a state without income tax, you can exchange all you want to there.  If you are in a state that does have income tax, I’d be more concerned. Some states will say that if you made the money in their state, you will owe income tax on it there.

Caller:  What do they mean by dropping the three-zero notes?

DC:  That means pulling those higher notes out of circulation.  They will still be valid, you just won’t see them very often.  If you present a 25K dinar note, that will still be worth USD 25,000 x the rate.

512 caller:  I’ve been fielding some concerns about the caps, and I need to clarify the amounts you are talking about.

DC:  Dong and dinar are 20 million of each currency – that is, 20 million dong and 20 million dinar.  If you have zim valued at more than 500 million US dollars, then the amount over 500 million USD will come as a structured payout.  There is a chance that the zim cap will go up to one billion USD;  that is still being decided.

Caller:  Every time we turn around they put more restrictions on what we can do.  They didn’t put any restrictions on those who exchanged earlier…

Tony: That is because this continues to grow.  It’s self-fulfilling prophecy because of all the delays.  After every call, people keep buying currency.  The banks are telling their people to listen to this call, so they are adding to it themselves!

DC:  I hope we are helping to educate folks, and welcome to them recently joining us.  Iraq is ready to go and frustration levels are high;  they are stating openly that the US are behind the delays.  The banks are ready for this to go through, and they are ramping up again over a quiet time.  Everyone is moving forward.  All our sources are volunteers, helping us out and we are grateful.

Pam:  I agree with what he said.  Always seek professional help.  Everyone is responsible for their own financial decisions.  Research it and get professional advice.

Ray:  [can’t hear]  Don’t let the recipients give you advice!  The writing is on the wall, so enjoy your weekend.

Tony:  Thank you to everyone in TNT for supporting us. Thanks to the US government and Iraqis who have sent us information so we can make it through this process.  Thank you also to the guy who brought me a piece of the Berlin wall – that’s a priceless gift.  We did a call on Wednesday about people who want you to send them money or your dinar because they say they can get you a better rate.  These are people you met on the internet – you don’t know their real names, addresses or other information, and you’re going to send them millions of dollars in currency?!  Don’t do that!  Don’t team up with someone unless you know them really well, because it’s a legal entanglement.  Also, money changes people!  You may think you know them, but once you have 20 million or their money in your bank account…  Seek professional help.

There is a time they want to do this and we have to wait for that time. Many are frustrated that it didn’t go at 2am or 5am this morning.  It’s suspended.  Be prepared so you don’t have to get prepared.  I hope to tweet something out to you later for a further call.  Meanwhile, enjoy your day!” 

AN INSIDE GLIMPSE INTO WEALTH ( From TNT), 15 MAY

AN INSIDE GLIMPSE INTO WEALTH ( From TNT)

Posted by Richnwell2 on May 11, 2015 at 5:06pm

MY BUDDY, ESTATE MANAGER/LAWYER AND FUTURE PROPOSED A-TEAM LEADER WAS MY RECENT HOUSE GUEST FRIDAY AND SATURDAY. WE HAD SOME GREAT DISCUSSIONS OVER THAT 20 HOUR PERIOD ON BANKING, WEALTH MANAGEMENT, TRUST COMPANIES, INSURING DEPOSITS, DIVERSIFIED INVESTING , SECURING AND INSURING DEPOSITS, PRIVATE JET OWNERSHIP VS CHARTER, HOW WEALTHY FAMILIES LIVE, HOW THEY WANT TO LIVE AND HOW THEY WANT TO INVEST AND PROTECT THEIR WEALTH FROM A FIRSTHAND EXPERIENCED PERSPECTIVE.

WE ALSO COVERED INDEXED FUNDS, NASDAQ500, RUSSELL2000, SMALL CAP INVESTING VS MID CAP AND LARGE CAP, ANNUITIES AND REAL ESTATE INVESTING, WHAT THEY OWN AND WHY AND WHY THEY SELL AND, RENT VS OWN FOR ULTRA HIGH NET WORTH (UHNW) INDIVIDUALS AND FAMILIES.

BACKGROUND ON MY BUDDY: A 30 YEAR TRUSTED FRIEND AT THE TOP OF HIS GAME AND A 20 YEAR PARTNER AT MAYBE ONE OF THE OLDEST, MOST NOTABLE WEALTH LAW FIRMS IN HIS STATE DEALING WITH SOME THE WEALTHIEST CLIENTS IN THAT STATE WITH REPEATED SUCCESS.

THERE WERE SOME GEMS THAT CAME OUT OF THOSE DISCUSSIONS AND I FOUND SOME PEACE AND ENLIGHTENMENT IN THEM. IT WAS IMPOSSIBLE TO TAKE WRITTEN NOTES SO I WILL DO MY BEST TO RECANT FROM MEMORY AND BE AS ACCURATE AS POSSIBLE. THAT IS NOT A GUARANTEE HOWEVER AND IM OPEN TO CRITIC AND CORRECTION.

THE FIRST POINT I WANT TO SHARE IS INSURING DEPOSITS. FINALLY..SOME CLARITY AND INSIGHT....THERE IS NO SUFFICIENT DEPOSIT INSURANCE, THIRD PARTY DEPOSIT INSURANCE AND FDIC PROTECTION IS AVAILABLE AND WE CAN USE IT BUT, IT IS A FALSE PROSPECT. FDIC AND THIRD PARTY INSURERS ARE ONLY AS STRONG AS THE SYSTEM OF FAITH AND PERPETUAL MOTION THEY PROPOSE TO EXIST IN.

BUT THERE IS A METHOD TO MANAGE THE RISK OF LOSS. RISK MANAGEMENT IS ACHIEVED BY THE WIDEST, DEEPEST AND MOST DIVERSIFIED PROLIFERATION OF INVESTMENTS INTO MULTIPLE ASSET CLASSES THAT CAN BE ACHIEVED. SO, THATS IT IN A NUTSHELL.....ANY WAY YOU LOOK AT IT, DIVERSIFICATION IS OUR ONLY INSURANCE.

TO SERVE UHNW CLIENTS, THERE IS A STATISTICAL METHOD THAT IS CHURNED THROUGH COMPUTERS SEVERAL TIMES A SECOND AROUND THE CLOCK AND THESE FUNDS HAVE TEAMS OF QUALIFIED OVER-ACHIEVERS THAT ARE IMPASSIONED TO MONITOR THESE GYRATIONS AND PREDICT MODEL PERFORMANCE AS THEIR LIVELIHOOD TO PROTECT THE REPUTATION, PERFORMANCE AND FUTURE VIABILITY OF THE FIRMS WHERE THEY ARE EMPLOYED AND THE SATISFACTORY PROFITABILITY OF THEIR RESPECTIVE CLIENTS.

WIN OR LOSE THEIR GOALS ARE PRINCIPAL PRESERVATION, PROFIT GENERATION AND CLIENT RETENTION/ACQUISITION. WITHOUT SATISFACTORY AND SUCCESSFUL ACHIEVEMENT OF THESE GOALS THE COMPANIES CEASE TO EXIST AND SO DO THE FUTURE EMPLOYMENT OPPORTUNITIES OF THOSE THAT FACILITATE THEM.

INVESTMENT DIVERSIFICATION IS NOT VOLUME DEPENDENT. 2MILL OR 200MILL+...ITS ALL BASICALLY THE SAME MECHANISM AND VEHICLE...YOU USE THE SAME SYSTEM...YOU JUST GO DEEPER AND WIDER. THERE IS A TRIED AND TRUE SYSTEM THAT HAS PROVEN RELIABLE BY ALL ACCOUNTS, ITS EMBEDDED, HISTORICALLY ACCURATE, TRUSTED AND USED UNIVERSALLY IN VIRTUALLY ALL UHNW RELATIONSHIPS WITH TRUST COMPANIES AND HARVARD-CLASS WEALTH MANAGERS.

ONE THING THAT HE REPEATEDLY SAID..DONT FEAR THE FEES, EMBRACE THEM. "YOU GET WHAT YOU PAY FOR", THOSE BEST AT WHAT THEY DO DESERVE AND GET THE FEES THEY CHARGE FOR A REASON. THIS IS NOT THE TIME TO BE PENNY PROUD AND POUND FOOLISH. EXPECT A 1% ANNUAL FEE BASED ON TOTAL OF FUNDS MANAGED...WE MIGHT BE ABLE TO NEGOTIATE DOWN TO .75% OVER 10MIL UNDER MANAGEMENT.

MULTIPLE FUNDS AND OTHER ASSET HOLDS REQUIRE MANAGEMENT, OF COURSE. ONE MANAGER IN A TOP FIRM MAY REPRESENT A DOWN-LINE OF STAFF AND ADVISORS THAT WE NEVER SEE BUT ARE VETTED AND TRUSTED TO BE RELIED ON TO SECURE THE PERFORMANCE DESCRIBED ABOVE. WHEN WE REACH 2-5-10+MIL IN DEPOSITS....THINGS CHANGE FOR THE BETTER. THAT SINGLE MANAGER NOW BECOMES A COMMITTEE OF THREE OR MORE TENURED PROS WITH THE SAME MOTIVATIONS AND INCENTIVES. UHNW CLIENTS ARE PROTECTED BY THE COMMITTEE OF DECISION MAKERS AND NO DECISIONS OF SIGNIFICANCE AT THAT LEVEL ARE LEFT TO ONE INDIVIDUAL...IT IS DIRECTED BY A BRAIN TRUST, THE BEST OF THE BEST, THEY ALSO RESPECTIVELY HAVE A DOWN-LINE AND SUPPORT TEAM THAT EVALUATES PROPOSED ACTIONS AND PREPS THE HEADKNOCKERS TO SUCCESSFULLY DIRECT THE CLIENTS AFFAIRS.

NOTE: AS A POINT OF REFERENCE...IM TOLD WE MIGHT EXPECT A BLENDED RETURN OVER TIME, ANNUAL AVERAGE RATE OF RETURN, IN A CONSERVATIVE POSITION DERIVED FROM THE WIDE DIVERSIFICATION, TAKING INTO ACCOUNT TEMPORARY BUT MOSTLY PREDICTABLE MARKET TRENDS AND CYCLES...TO BE ABOUT +/- 6% NET ANNUAL PRE-TAX RETURN, AFTER FEES.

ALSO...AT THAT LEVEL WHERE WE HAVE MULTIPLE ASSET HOLDS, ANOTHER NEW ACTOR COMES ON BOARD...AN "OVERLAY MANAGER". THE "OM" IS TASKED TO OVERSEE, EVALUATE AND REPORT FROM THE MANY SEPARATE FUND AND ASSET MANAGERS AND BE A SINGLE POINT OF CONTACT. A MANAGER MANAGER, IF YOU WILL

WE CAN EXPECT A TRUST COMPANY STRUCTURE AS I DESCRIBED TO BE A FIDUCIARY RELATIONSHIP. TRUST COMPANIES ARE STATE REGULATED. EACH OPERATE WITHIN STRICT REGULATION AND CLIENT EXPECTATION UNDER STATE LAW AND ARE LIABLE FOR ACTIONS AND TRADES THAT ARE DETRIMENTAL TO THE CLIENTS ACCOUNT AND FINANCIAL WELL BEING. MY FRIEND CITED A TERM FOR WHICH MANAGERS AND FIRMS ARE CULPABLE UNDER THE LAW THAT I CANT REMEMBER EXACTLY BUT IN ESSENCE IT WAS "PRUDENT PERFORMANCE"...AND, FAILURE UNDER THAT ABSTRACT IS AN ACTIONABLE OFFENSE. MEANING, THEY CAN BE SUED FOR MIS-DEALINGS THAT ARE UNIQUE, RISKY OR UNUSUAL DEVIATING FROM A STANDARD THAT RESULTS IN FINANCIAL HARM TO A CLIENT ACCOUNT.

THERE ARE BANKS, THERE ARE TRUST COMPANIES AND THERE ARE BANK & TRUST COMPANIES. WITHIN THE CONTEXT OF THE CONVERSATION WITH MY FRIEND...WE COINED OUR DISCUSSION AS IF AN UNEXPECTED WINDFALL OCCURRED LIKE AN INHERITANCE OR LOTTERY WIN. IN THAT SCENARIO...HE RELAYED THAT THE FIRST CONTACT WOULD BE TO SEEK THE BEST TRUST COMPANY WE CAN FIND. AS IN, LENGTH OF TIME IN BUSINESS, ACCOLADES, PERFORMANCE REVIEWS, RECOMMENDATIONS, PUBLIC RECOGNITION, HIGH PROFILE ACCOUNTS, ACCREDITATION ETC....DONT BE INTIMIDATED BY THEM...EMBRACE THEM. DONT BE OFFENDED OR DETERRED BY IMAGINED EXPENSE OR FEES...1% IS PRETTY STANDARD AS A RULE. AGAIN, "YOU GET WHAT YOU PAY FOR".

TRUST COMPANIES ARE NOT TECHNICALLY WEALTH MANAGERS, THEY ARE NOT PRIVATE BANKERS (ALTHOUGH THERE ARE ASPECTS OF EACH THAT ARE EXECUTED) BUT, THEY DO HAVE RELATIONSHIPS WITH DOZENS IF NOT HUNDREDS OF THEM AND THEY USE THEM. TRUST COMPANIES ARE PRIVATE, THEY ARE KEEN ON PROTECTING THE PRIVACY OF THEIR CLIENTS AND THE CLIENT ROSTER AS A WHOLE. IT IS COUNTERPRODUCTIVE TO DIVULGE THIS INFORMATION BECAUSE AS STATED THE PRIMARY GOALS ARE IN PART CLIENT RETENTION AND ACQUISITION. A PUBLIC OR PRIVATE RELEASE OF CLIENT INFORMATION PUTS THOSE GOALS AT RISK.

THOSE THAT HAVE DISCUSSED THE "A-TEAM" WILL SEE THAT A SIMILAR STRUCTURE AND HIERARCHY IS IN PLAY IN THIS TRUST COMPANY EXHIBIT. ALSO RECOGNIZE THAT THIS ONE EXAMPLE, FOR OUR PURPOSES, CAN BE REPLICATED BY ENLISTING SEVERAL TRUST COMPANIES, BANKS OR B&T'S AS WE HAVE MAPPED OUT PREVIOUSLY. THE POINTS ON THAT MAP MAY LIKELY INCLUDE SEVERAL INSTITUTIONS DESCRIBED...ALL WORKING INDEPENDENTLY, ALL WITH THEIR OWN STRUCTURE, INTERNAL CHECKS AND BALANCES, PERFORMANCE ATTRIBUTES, MOTIVATIONS, INCENTIVES AND SUCCESSES DRIVEN BY A COMPETITIVE MARKET PLACE. WE GET THE BENEFIT OF MAYBE A HUNDRED PEEPS WORKING FOR US AND THE ADDED BENEFIT OF FURTHER DIVERSIFICATION AMONG MANY SEPARATE INSTITUTIONS, SKILL SETS, MINDSETS AND MARKET APPROACHES.

AS TIME MOVES FORWARD WE ANNUALLY COMPARE AND CONTRAST THEIR RESPECTIVE PERFORMANCE AND THEN CONSIDER HOW WE MAY CONSOLIDATE OR ADAPT THESE MULTIPLE INSTITUTIONAL TEAMS SPECIFICALLY TO MEET OUR GOALS AND EXPECTATIONS USING OUR OWN ASSEMBLED MASTER TEAM OF ADVISORS AND PLANNERS.

PRIVATE AIR TRAVEL.... WE DISCUSSED BUYING A LIGHT JET...GRANTING IT UNDER CONTRACT TO A LOCAL CHARTER SERVICE FOR OPERATIONS, MAINTENANCE AND USE; IN EXCHANGE FOR MY PERSONAL USE AND PROVIDING MY SERVICE NEEDS. HE SAID THAT PEOPLE DO THAT...AND ITS WORKABLE...BUT YOU NEED DEEP POCKETS AND, UNTIL YOU GET A FEEL FOR YOUR FUTURE NEEDS, DESIRES AND DEMANDS...YOU COULD GET FROZEN IN A DEAL THAT YOU MAY LIVE TO HATE. HIS RECOMMENDATION....THIS IS BASED ON NEW WEALTH AND THE ACTIONS OF THOSE ALREADY WEALTHY, GENERALLY. ...GET A NETJET MEMBERSHIP.

DEPENDING ON EVENTS, PERSONAL GROWTH, EVOLUTION AND FUNDS...THERE MAY BE A POINT IN TIME FOR SOME WHERE, OWNERSHIP IS PRACTICAL OR DESIRED BUT...FOR THE MAJORITY, A NETJET PASS OFFERS FLEXIBILITY, MANAGEABLE COSTS, TAX BENEFITS, EASE OF TRAVEL, CONVENIENCE AND AN OPPORTUNITY TO GET A "FEEL" FOR WHAT PRIVATE AIR TRAVEL IS ALL ABOUT AND HOW IT MAY OR MAY NOT BE DESIRABLE TO OWN, MANAGE OR MAINTAIN A CRAFT.

WE TALKED A LOT ABOUT HIGH END REAL ESTATE. HE SHARED THAT WEALTHY PEEPS,.WHETHER NEW MONEY OR OLD MONEY, OFTEN BUY TOO MUCH TOO QUICK AND IN THE WRONG PLACE.

HE RELATED CLIENT EXPERIENCES SAYING THAT MULTIPLE PROPERTIES SEEM APPEALING AT FIRST BUT HERE AGAIN THEY CAN BECOME OBSOLETE AND CASH ALLIGATORS VERY QUICKLY. MAINTENANCE IS ONGOING EVEN IF VACANT AND UNUSED...HOUSEKEEPING, MAINTENANCE, GROUND KEEPING, RISING TAXES, INCREASED SECURITY, INSURANCE ETC ETC ETC.

WHEN YOU DO PLAN TO GO THERE TO RETREAT OR SEND GUESTS THERE...YOU HAVE TO SEND A TEAM IN TO OPEN AND PREP THE HOUSE IN ADDITION TO REGULAR INSPECTIONS AND MAINTENANCE WHILE VACANT AND UNUSED . HE ALSO SAID THAT MOST WEALTHY PEEPS ULTIMATELY ONLY BUY OR RETAIN HOMES IN SPECIFIC LOCALES THAT ARE SITUATED NEAR PEOPLE THEY ALREADY KNOW OR WANT TO KNOW OR ASSOCIATE WITH...MORE OF A SOCIAL TOOL IN SOME CASES...SOUTH HAMPTONS, MANHATTAN, SNOW SHOE AND MALIBU BEACH AS EXAMPLES.

HE SAID THAT MANY PEEPS TEND TO "COLLECT" PROPERTIES IN THE BEGINNING...BUYING THE BEST OF THE BEST AT A PREMIUM ONLY LATER TO REALIZE THEY DONT NEED, USE OR REALLY WANT IT...THEN HAVE TO GO THROUGH THE PAINFULLY EXPENSIVE PROCESS OF LIQUIDATION IN HOPES THE MARKET SUPPORTS THEIR EXIT WITH MINIMAL LOSSES....WHICH SELDOM HAPPENS.

HE FURTHER SUGGESTS THAT WEEKLY/MONTHLY RENTALS ARE AVAILABLE IN ANY SCALE OR CLASS ANYWHERE YOU THINK YOU WANT TO BE...AND FOR 25K/MONTH OR, PER WEEK ON THE HIGH END, YOU CAN RENT A FULLY APPOINTED UBER BEACH HOUSE ON MALIBU BEACH, CHALET ON THE SLOPES OR RETREAT ON AN ISLAND, JUST ABOUT ANYWHERE. FURTHER SUGGESTING THAT RENTING AND TRAVELING PROVIDES A MORE ENJOYABLE EXPERIENCE WITH ALMOST NO LIABILITY AND UNLIMITED FLEXIBILITY IN LOCATION, SIZE AND STYLE AND IF YOU SET YOUR STUFF UP RIGHT ITS A DEDUCTIBLE EXPENSE TOO. WHILE IN A LOCALE FOR A MONTH IT OFFERS TIME TO ACCLIMATE TO THE SURROUNDINGS AND PREVIEW OTHER MARKETS AND PROPERTIES IN THAT AREA BEFORE MAKING A BUYING DECISION IF AT ALL. HE DIDNT SAY "DONT BUY"...HE SUGGESTED WADING IN, INSTEAD OF JUMPING IN.

NO MATTER THE AMOUNT OF WEALTH RECEIVED OR FROM WHAT SOURCE...TO CONCEPTUALIZE WEALTH AND APPLY "COMMON SENSE" EVEN THOUGH IT MAKES NO SENSE TO US IN OUR EXPERIENCE, IS STILL FUNDAMENTALLY APPROPRIATE.


http://www.investopedia.com/terms/t/trustcompany.asp

daz: DEFINITION OF 'TRUST COMPANY'

A legal entity that acts as fiduciary, agent or trustee on behalf of a person or business entity for the purpose of administration, management and the eventual transfer of assets to a beneficial party.

daz: The entity acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration and other related arrangements. A trust company does not own the assets its customers assign to its management, but it may assume some legal obligation to take care of assets on behalf of other parties.

Iran says received all installments of frozen money, 15 MAY

Iran says received all installments of frozen money

HomeIranEconomy Tue May 12, 2015 3:48AM

Iran says it has received all installment of its frozen assets based on an interim deal it signed with the P5+1 group of countries over Tehran’s nuclear program in November 2013.

The Central Bank of Iran (CBI) has been quoted by the media as announcing that the last batch had completed the third phase of the unblocking of Iran's assets in overseas banks in lieu with the interim deal.

The third phase envisaged releasing a total of $4.9 billion to Iran in seven installments. Iran had received about $7 billion in the two previous phases.

In November 2013, Iran and the P5+1 group -- Russia, China, France, Britain, the US plus Germany -- clinched an interim nuclear deal for a period of six month.

Under the deal, Iran agreed to limit certain aspects of its nuclear activities as a confidence-building measure, and the world powers undertook to provide Iran with some sanctions relief.

The relief included the unblocking of some of the country’s oil money, which had been frozen in foreign banks as part of the sanctions.

Iran and P5+1 are presently working on a final agreement over the Iranian nuclear energy activities before the end of June 2015. A new round of talks between the two sides over the text of the final agreement will start in Vienna on Tuesday and will continue until Friday.