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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, June 26, 2015

MILLIONDAY CHAT UPDATE, 26 JUNE

Millionday: Chaired by Minister of Planning and Salman al-Jumaili of the meeting of the first working group for the implementation of private sector development strategy in Iraq.

The minister expressed at the outset of the meeting expressed his happiness to embrace the Ministry of Planning for this important meeting, which was the development and implementation of private sector development strategy, stressing the need for a base incorrect information in order to enable us to reach to achieve the desired goals.

Millionday: THE FIRST GROUP OF THE PRIVATE SECTOR IMPLEMENTATION

Millionday: He noted that the Central Bureau of Statistics (NBS), which is one of the setups statistical prestigious in the field of statistics will be very helpful and put all of his experience and the potential for the implementation of this vital survey, which represents the first and right step on the road to the adoption of private sector development strategy and enable it to fulfill its role of development required.

Millionday: He pointed out that the government program much focused on private sector development and the need to translate this interest into the actions of figures pointing out that these figures reflect estimated positively on the implementation of this survey, which is one of the significant achievements carried out by the Ministry of Planning, or those that are being implemented.

He stressed Jumaili that the Ministry of Planning and all its departments and formations and cadres will be ripe for the success of this project because we believe that development without the presence of private sector development will not be correct

Millionday: NOTE -- THE GOV PROGRAM-- THE STRATEGIC FRAMEWORK -- AND THE REFORMS ARE FOCUSED--ON THE PRIVATE SECTOR --

Millionday: calling on the working group to make all of its potential for the success of this important project was discussed during the meeting data provided by the Central Bureau of Statistics relating to the industrial sector and the distribution of tasks and to clarify the important role of entities that represent and involve the private sector in the collection of data and give the Ministry of Planning and the desired role in raising community awareness level of the process and clarify the role of the private sector in the development process through the website of the Ministry and the media.

Millionday: NOTE -- THE DEVELOPMENT WITHOUT THE PRIVATE SECTOR WILL NOT WORK --

Millionday: FINALLY -- HELLO TO SOME LOGIC

Millionday: And it includes the first working group for the implementation of private sector development, Undersecretary of the Ministry of Planning and Technical Affairs and a representative of UNDP United Nations and the President of the Central Bureau of Statistics and representatives from the General Secretariat of the Council of Ministers and the advisers and the Ministry of Industry and Commerce and the Federation of Chambers of Commerce strategy.

Millionday: NOW THIS IS GOOD NEWS

Nadita: So the private sector is going as Iraq wants it to which leads to the development in Iraq which leads to investors coming in.

The question will be : is Iraq gonna talk only or action will accompany their talk..?

can they do all of these with their current rate of dinar as they have been able to run the country without budget and the rate of dinar at 1166.

What is the guarantee that they will raise the value of dinar if they are able to run the country with the rate the way it is now. I have seen developing countries talk about their development and how they want to grow their economy.

they will release some projects as to just satisfy what they promised and the follow up, usually is not there.. many of the projects are half done...

Millionday: THEY NEED TO BE ABLE TO WORK WITH INTERNET AND ADVANCE THEIR BUSINESS AND TECHNOLOGY --- THEY HAD A HUGE PROBLEM WITH PRICES

Millionday: THERE IS NO GUARANTEE NADITA

Millionday: I WILL NEVER GIVE YOU A GUARANTEE ON AN INVESTMENT -- IT IS ILLEGAL

Millionday: THE THING IS THAT HISTORY REPEATS ITSELF -- IRAQ HAD THIS RATE IMPOSED WITH SANCTIONS

-- THEY HAVE ANNOUNCED MULTIPLE TIMES THAT THEY ARE REMOVING THE THREE ZEROS AND HAVE A MARKET --ISX –

THEY ARE HOOKED TO NASDAQ AND --THEY HAVE STATED MANY TIMES BY SALEH THAT THEY WILL BE THS STRONGEST IN THE REGION

Nadita: MD.. I know you don't guarantee anything.. and I am not asking you too.. I am just talking about Iraq in general. I know they have been talking about joining the global market, and wants so much to be a world player which they can be and should be with all the resources they have. They can talk all they want, I want action there are so many pieces to the puzzle.

Millionday: THE PIECES OF THE PUZZLE STARTED WITH MANY --AND NOW THE FIRST MEETING TO ACTIVATE THE PRIVATE SECTOR AND

Millionday: THE THREE PRESIDENTS HAVE AGREED TO THE NATIONAL RECONCILIATION

Millionday: The Ministry of Transport announced Tuesday that the Iraqi ports received nine ships and naval tanker of different tonnage in Basra province, far south of the country.

According to a statement issued by the ministry , the commercial port of Umm Qasr south of Basra received the Hye Kyo ship with a tonnage of 73.088 tons of iron and two ships Salumi / 5 Jebel Ali / 3 ships with a variety of tonnage as well as Anbala _Sbaa_Basfek Green of containers tonnage.

Millionday: The statement added that the port of Khor Al-Zubair received three naval units in the commercial port of Khor Al-Zubair south of Basra and the Iraqi tanker Baghdad with a tonnage of gas oil and the ship Mariam from Panama.

The statement said that two ships were received in Maqel port in Basra and Nafees ship with a cargo of cement as well as Karwan ship with a cargo of containers.

Millionday: Anatolia announced Kuwait, the official mourning, on Saturday, for the souls of those killed in the bombing of a Shiite mosque, today, in the country.

This came on the tongue, Minister of State for Cabinet Affairs, Mohammed Abdullah Al-Sabah, in a press statement following the meeting

Millionday: BAD NEWS

Millionday: LOOKS LIKE THEY ARE CHANGING THE SAT

Millionday: The central bank also reduced the share of private banks dollar which demand for this currency has increased and thus led to the lifting of foreign currency, which is considered one of the most important currencies in the local market.

In North Bank, one of the private banks in Iraq stands dozens of customers in on Monday and Thursday of each week in long lines hoping to get the amount of dollar of their money deposited with the bank.

"My name is recorded and the amount you want to withdraw it from my account about a month ago and did not have any luck until today to get it from the bank," said Sarmad Mohammed a bank's clients.

Millionday: THIS WAS SENT BY ONE OF OUR MEMBERS -- AND WOW

Millionday: WORKING BANK SYSTEM IS GREAT NEWS

Millionday: He adds, "organizers of the bank told me that he is going through with the problem of what the central bank has reduced liquidity allocated to him from the dollar."

This reflected the impact of the crisis on the Iraqi citizen directly, particularly employees who earn salaries in Iraqi dinars, while the prices of goods and services is closely linked to a key US dollar, especially imported ones.

Says MP from the Iraqi parliament Kazem al-Shammari, "there is a serious market mafias burned and must take swift action from the board and the integrity of Supreme Audit to follow up on such cases was the cause of the deterioration of the local currency."

Millionday: NOTE -- BUILD THE DINAR -- DO NOT ALLOW IT TO DETERIORATE

Millionday: According to Shimri the "lack approached the Central Bank of Customs verification of imported goods whether or not the process and find out the tax shall be refunded to import those goods value to be the proceeds of the Central Bank opens the door dangerous of the doors of the withdrawal of foreign currency and traded in the market."

And asserts that "the mechanism centered on the go a trader wishing to import goods to private banks foreign currency to buy that offers banks bill of goods that are supposed to be purchased who shall National Bank in turn collects a number of bills and send them to the Central Bank to receive amounts."

Millionday: NOTE - THIS IS THE SYSTEM THEY HAVE DESCRIBED TO THE GLOBE THROUGH MEDIA

Millionday: Shammari said that "some bills bearing strange figures and some traders sends every day to pull the bill buy hard currency without follow-up of the central bank says, and we are convinced that these bills are forged."

In conjunction with the crisis, economists and activists launched a campaign on citizens site Facebook calling for the resignation of Governor of the Central Bank of Iraq and the Agency on the Keywords of the deterioration of the Iraqi dinar exchange rate against the US dollar.

"This game has borne Keywords which did not increase the central bank's policy in his only clay crisis worse," says one of the members of the little-known campaign.

Millionday: NOTE -- THE FALL OF THE DINAR IS NOT THE JOB OF THE CBI GOV

Millionday: THE RISE IS

Millionday: OBVIOUSLY BY THE CALL OF THE RESIGNATION DUE

Millionday: NOTE -- THIS IS WITH CRISIS CELL --ECONOMISTS--ACTIVISTS- AND CITIZEN

Millionday: He adds, "If it was necessary to the survival of high exchange rates have to pay the employees' salaries in dollars to keep them away from the effects of this deterioration."

Some observers do not rule out that the high exchange rate closely linked to what is happening in Iraq from the war against terrorism.

He says strategic analyst Samarrai said that "the ongoing war in Iraq has turned into a war of attrition and economic human and what happened from the decline in the value of the dinar is part of the effects of this war as well as corruption."

Millionday: NOTE -- TERRORISM AND WAR EXPENSE IS A HUGE FACTOR ---

Millionday: "Thread sensitive and must be brought under control quickly and this requires re-tighten and adjust the state to reduce travel expenses and a reduction of official delegations stressing and reducing petty upper circles and review all local government debt before discharge to make sure there is no corruption," adds al-Samarrai.

He says the issue should be dealt with to open offices to sell the dollar within the state banks and make a sale which exclusively in accordance with the specific controls and control elements of the allocation of economic security and intelligence services and other parties."

Samarrai believes that "talk about the stories of banking offices and manipulation of turning a synonym for corruption projects require the government to stop selling or forcing it to sell a specified price and impose very strict security control directly on its commitment."

Millionday: HUGE REPORT BUT GREAT NEWS AND VERY INFORMATIVE

.VIP.JARHEAD: is alak an idiot or what

Millionday: HE HAS TO GO IMO

billionaire: Do you know what type of projects they plan on implementing in the private sector?

Millionday: GOLD JEWELRY -- -- OIL PRODUCTS -- MERGED FRANCHISES --- SO MANY -- ALL NEEDS AND WANTS

quicktolegit96: SO WHAT EXACTLY IS THE NEXT STEP GETTING ALAQ OUT, WHAT IS THIS GOING TO TAKE AND HOW LONG?

Millionday: A SWIPE OF THE PEN BY PRESIDENT

Millionday: WE WILL HAVE MORE LATER BUT I HAVE CHECKED ALL AND NOTHING MORE OUT RIGHT NOW EXCEPT WHAT WE BROUGHT

TMAN23 TIDBIT & BACKDOC UPDATE, 26 JUNE

Dinar Updates:

tman23  The citizens in Iraq are not losing confidence, THEY HAVE LOST IT!  

Citizens of Iraq are lacking courage, and just as proven by military recruiting at a LOW POINT. 

The one FACT and it is written by the IMF and other monetary study groups...  A HIGH VALUED CURRENCY brings/delivers CONFIDENCE, COURAGE, and HONOR to the people...Take note HIGH VALUE!  

Iraq needs to deliver to the citizens, they need to open their market economy.

The market economy is not going to be developed overnight and so that being said, it is not a quick solution or even near term. The taxes will bring money quickly but that takes from the pockets of citizens who already are poor and lack confidence.

We are not waiting for 2017.  We are not waiting for 2016.  We are not waiting for September.

The time is NOW! We are waiting in the moment! They are planning for the moment! They need it NOW!!

*****
KTFA:

Bernice:
  Can I ask some questions?.... I got lost somewhere in this....not sure if dollar is devaluing why would we want to have money if the dinar rate was finally released?...if dong finally does something what currency would you actually want to exchange it for so you could use it here in the in US....I can see if in Vietnam great but if not there how do you use it?....sorry for the paying better attention...rough day ….thanks

Backdoc:  THE FOLLOWING ARE MY OWN THOUGHTS AND OPINIONS BASED ON WHAT I’VE RESEARCHED AND NOT THE OPINION OF ANYONE ELSE ON THIS SITE ALTHOUGH SOME MAY AGREE OR DISAGREE.
....
AS WE BEGIN TO TRANSITION INTO THE MULTILATERAL SYSTEM THE NEW DOLLAR AWAITS ITS’ BACKING IN PART BY THE IRAQI DINAR TAKING VALUE.

NO WONDER THE DINAR IS IN THE SDR AS A DONOR CURRENCY LIKE KUWAIT.

THE NEW BASEL 3 COMPLIANCE TRANSITIONS COUNTRIES FROM A FIAT CURRENCY STATUS TO A CONTROLLED ASSET BACKED CURRENCY

THAT WILL CONTROL CURRENCY VALUES WORLD WIDE THROUGH TRADE! THIS IS WHY THE TPP IS SO SECRETIVE!

THERE WILL BE A RESHUFFLING OF WHO PRODUCES AND SHIPS WHAT!

ALL COUNTRIES WILL HAVE TO GIVE AND TAKE!

WE WILL BEGIN TO SEE COUNTRIES LOSING AND GAINING BUSINESS AS EACH COUNTRY MOVES TO SOME SEMBLANCE OF PARITY IN GLOBAL TRADE!

THE FIAT DAYS OF THE PAST WILL BE OVER FOR ALL COUNTRIES EQUALLY!
IRAQ AND VIETNAM’S CURRENCIES ARE LIKELY TO DO THE OPPOSITE OF THE DOLLAR IN THE SEPT. AND OCT. TIME FRAME IN MY OPINION!

REMEMBER, A NEW FISCAL YEAR BEGINS ON OCT. 1ST !

I BELIEVE THIS WILL BE MORE SIGNIFICANT THAN MOST FOLKS THINK.

THIS COULD BE A VERY TUMULTUOUS TIME AS ALL COUNTRY TRADE CONTRACTS BEGIN TO FUNCTION ON THE NEW VALUES AND SYSTEMS!

RON PAUL, THE FORMER HEAD OF THE FINANCE COMMITTEE HAS BEEN STATING THAT THE U.S. DOLLAR WILL CRASH IN THE FALL! MMMM

INTERESTING TO NOTE, WE STILL SEE NO DEBATE ON THE NEW U.S. BUDGET THAT AWAITS THE PRESIDENTS SIGNATURE NO LATER THAN OCT. 1ST! MMMM

I BETTER STOP THERE FOR NOW BERNICE, HOPE THIS HELPS YOU UNDERSTAND MY THOUGHTS.

AGAIN, THESE ARE MY OWN THOUGHTS AND ARE NOT THE OPINON OF THIS WONDERFUL SITE! THANKS

8@8, DOC    IMO

MY LADIES CHAT UPDATE, 26 JUNE


Blessed153:  Can we get excited now?????   Without getting hit with the NY Times?

MY LADIES:  EVERY WHERE YOU LOOK COUNTRIES ARE PROPPING THEIR OWN CURRENCIES, THE MESSAGE FROM THE ECB WAS HEARD THROUGHOUT THE ZONE LOUD AND CLEAR!

RUSSIA IS MAKING BOLD MOVES STILL, IRAN IS MOVING FULL STEAM AHEAD, AND GREECE NO LONGER MATTERS AT THIS POINT.

THE DAMAGE IS DONE AND NO MATTER WHAT HAPPENS WITH GREECE THE FIRST PIECE OF THE EUROZONE HAS FALLEN ALREADY.

THE IMF NEEDS TO MOVE TO SURVIVAL MODE BECAUSE RIGHT AFTER GREECE DEFAULTS (WHICH WILL BE THE FIRST TIME EVER A COUNTRY HAS DONE THAT) THERE ARE OTHERS THAT WILL DEFAULT TOO

SO WE ARE COMING INTO CRAZY TIMES

NOW LOOK AT THE BOND MARKETS...THEY ARE ON A SLIPPERY SLOPE AND THE DOLLAR WILL START RISING MORE QUICKLY THAN IT CAN HANDLE.

I THINK BLESSED WE CAN GET EXCITED FOR SURE BUT NOT CRAZY YET.

Blessed153:  Okay. I promise not to run with my hair on fire. But I am smiling pretty big!

MY LADIES:  OK THAT'S GOOD...THIS IS RIGHT UPON US NOW AND IRAQ WILL REACT TO ALL THE PROGRESS AND CHANGE THAT'S COMING.

PrincessDD:  So we still leaning towards July for the banking system to go live as a possible month for the repricing?

MY LADIES:  PRINCESS YOU'VE DONE A GREAT JOB AS USUAL... I HAVE READ MOST OF WHAT YOU BROUGHT IN.

YES I THINK WE ARE PRINCESS,

NOVA AND I WILL BE DUMB FOUNDED IF IRAQ GETS A CREDIT RATING WITH OUT THE DINAR TRADING FREELY

NOVA I THINK THE EURO ZONE IS DONE DONE DONE...WOULD YOU AGREE,

I THINK I HEARD THE CRACK AND IF ALL GOES WELL MONEY WILL START MOVING TUESDAY.

PrincessDD:  Yea it sure does seem to be the case.

MY LADIES:  YES GET EXCITED BUT I'M TALKING ABOUT MONEY MOVING GLOBALLY NOT NECESSARILY THE DINAR TRADING.

I DO THINK THE DINAR NEEDS TO START TRADING VERY SOON AFTER THE SANCTIONS LIFT AND RUSSIA INTRODUCES THE NEW PAYMENT SYSTEM.

LIKE WE SAID THE FIRST LEGS OF BRICS THAT BEING RUSSIA WE WILL GET TO SEE ON JULY 7TH, WE WILL HAVE A MUCH CLEARER PICTURE AFTER THAT.

BUT I AM HOPEFUL THE DINAR WILL TRADE IN JULY.

I DO NOT THINK THE ISOLATION OF IRAQ CAN CONTINUE WITH ALL THAT IS GOING ON AROUND IT.

Super Short MacJedi Nuggets Conference Call Notes, 26 JUNE

    • MacJedi said
      11:10 AM Jun 26, 2015
    AUDIO LINK:  http://events.instantteleseminar.com/?eventid=71617233
    GOOD MORNING TNT:  Happy Birthday to all the Older TNTers and younger ones too :)  Everyone on TNT is appreciated.  Good news coming...  Crazy stuff floating around.  Plan B discussion...  If it goes live and we are on plan B  What??  Next??  News is great!  TTP passed and admin is happy.  Greece we are hearing it is not done and fell apart but on this hour we are hearing it is getting done but lots of ego involved.  Last 24 to 48 hours Mr. O got what he wanted!  TTP and -O- Care and the word is Let's get this RV DONE!
    IRAQ:  Is ready to GOOOOOO!  CBI just arranged an exchange between USD and IQD  this was yesterday news.  Banks are now sending out memos on this subject to their people making this more visible and transparent.  Is the RV happening right now...?...  It can happen any moment and anytime but no actual announcement but so much looks like they are getting what they want and are wanting the RV soon as well.  TV still saying it is coming.  People do have rates on their cards verified outside of Iraq.  Internationally doing business even on Saturday.
    USA:  High probability you won't see your reserves from possibly any dealer in time and this is just "T's" opinion but he has extra info and feels pretty strong about it but still just an opinion.  Plan B buy some and get it now, don't rely on reserves.  Don't forget the 50 / 25 /25  50% set aside for Tax concerns, 25% invest for growth, 25% invest in yourself.  USA is ready to go and is pushing for it!
    CALLERS:  Hopes and Vegas Talk. and concerns on the plan B thing as we knew all along the reserve thing would go away and it was stated years ago so.....  Jack Lou has made mention of "Exchange Rate Reform"  The possible tax rate might be significantly lower as rumors has reported in the last 24 hours, don't plan on it but it is possible andcontract rates are still on the table for some.  Iran is part of the issues because it is in the region and the Maliki underhanded stuff, yet Iran is an ally to Iraq and solutions to all the problems are in place.  Just how many solutions are needed for the release of the RV???  Caller feels this can still go another 60 + days.  Another caller is concerned that our country leaders are going against moral principles of God's law getting what they want.  It all may be true but TNT is about RV information and is not about who or what is going against God.  We try to keep the focus where it needs to be.  Tony wants to make it clear at no time did he say currency dealers would not get you your reserves...  Tony just said his opinion is 80 to 90 % you might not get your reserves.  There are a whole lot of plans made to not allow reserve use in the end.
    MacJedi note:  My own personal contact has mentioned the reserve situation is due to the planned desire not to have them available for contract rates and so will be held up until contracts are exhausted and may possibly not be available for some time if... (remember all contact info is subject to change as it has always been but this is what I hear at present for what it's worth.  take with a grain of salt. Treat like rumor because I do) Pay attention to what Tony said about reserves because I feel he is right(er) than you want to think
    IT IS A SUPER FANTASTIC DAY according to TONY!!!  All we can do is wait and see how these meetings conclude with agreements.

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 26 JUNE

Highlights of Tony's CC.  Updated as the call progresses.
CBI issued statement yesterday of a currency exchange between the USD and the IQD
NEWS UPDATE:   TPP passed, administration is happy.  Greece all over the place in the last 24 hours.  RIGHT NOW they appear to be closer than ever to have a deal done AND finalized today.  Iran info below under Iraq heading.
Tony:  I appreciate each and every one of you.  From the guy who has been here for five days to the guy who has been here for five years.

CURRENT WINDOW:   Anytime with the currency exchange between USD and IQD announced by the CBI.

Tony: June 30th is the day they have to do something . . .All they need is an agreement.  I believe we are so close to actually seeing this that reserve thing will not be resolved by that time.  I'd be working on Plan B.  (see "plan B" under USA)

IRAQ:    TPP passed Parliament.  So far there has been no mention on the call of the Iran/Iraq deal that was mentioned as an issue on Wednesday's call.
  • CBI  announced yesterday a currency exchange between the USD and the IQD.
  • Iran:  Tony:  There were plans back in April to deal with Iran. . .has to be a framework they can live with. If everything else is ready to go, my understanding is, they have a contingency plan to deal with the money and all that.
  • Banks 
  • TV  telling their people on TV again their “currency will be richest in the region.”      
  • ISIL
INTERNATIONAL:    Tony: They are gearing up around the world. Banks are doing that once again. Look at their actions. Their actions are saying they are ready to do this now!!!
  • Greece:  Deal appears imminent to finalize today.  Meeting scheduled for tomorrow.  Tony:  Something has to be done by Monday.
  • Iran:  June 30th is also final day for Iran negotiations with USA.  
  • Rates    
UNITED STATES:     President got what he wanted.  TPP, Obamacare and the decision by the Supreme Court on gay marriages and so they feel good at the White House and wanting to move the RV forward.  Tony stressed those decisions had nothing to do with the RV.
  • UST:    
  • Banks:   sending memo's out to their people based on CBI action.
  • Last call may be pre-recorded by Tony as "they" are concerned, on a live call, Tony will say something he shouldn't.   
  • Plan B about Sterling reserves:  Buy either more currency elsewhere or redo your plan right now.  Remember to save for taxes and put some to work to create an income stream for yourself.   Tony: There's a high probability that 90% of us probably won't see the reserves. . . under the current situation. This is just my opinion.
  • Disability Benefits may be affected by the influx of funds from the currency exchange.  Tony suggested putting the exchange into a Trust to protect against loss of benefits.
  • TAX RATE:  Tony:  Tax rate maybe significantly lower than what we thought it would be.  Just came out in the last 24 hours.  Don't plan on it but don't be shocked if it does.
  • Contract Rates still on the table, Mr. Tony says.
EXCHANGING:    
CLOSING STATEMENTS:

PAM:  I feel great.  Thank Idaho for everything she does.  Irene for everything she’s been doing.  Working in the chat room to make sure this call goes out.  You want to donate, click on the red button on the website so you can keep hearing Tony.
RAY:  Feel fantabulous.  Hopefully this can be “finish it Friday.”
TONY:  We don’t usually get information from Iraq until Friday evening when the sun goes down. 
The US is ready to go once again and is pushing for it.  Iraq is ready to go and telling their people on TV “currency will be richest in the region.”
MasterCard’s . . .  Iraq opened their banking sytem to International last Saturday.  Banks got memo late yesterday evening saying agreement has been reached between CBI and US to do a currency exchange.  Can’t get better than that, except for them to announce it.
Hearing they want to come to an agreement with Greece, hopefully today.  Will develop plan B so we can go if they don’t reach one.
We are down to a couple of meetings.  Everybody is ready to go. I am SUPERFANTASTIC!  I’m excited.  All I can do is wait to see how meeting concludes.  Shortly after that be able to live our new found lives.
Don’t sit back and watch the clocks.  Watch the news.  Agreement in place things will move shortly after that.  Have a plan.  The clock is ticking and you won’t have a choice. 

Failing to plan is planning to fail. Don’t be a toothless crackhead.  Enjoy your day.

TNT CC NOTES, 26 JUNE

TNT Call notes 26-June-2015
[Pam appreciated all those who keep the forum going and the transcriptions flowing.]
Tony:  Good morning, TNT!  Today is Friday, June 26, 2015.  I never thought we’d be here but here we are.  Let me give you some good news and then we’ll have a good weekend.  I don’t know how the last call will go – DC says they think I’ll do or say, so I’ll probably prerecord it.  First, though, I appreciate each and everyone you, the ones who have been here for five years or five days, the ones who are still here and the ones who had to leave and get on with their lives.  Thank you for believing that we are doing the best we can do to bring you the best information, without any agenda. There are dinar people out there who have an agenda:  joining their group, paying for this and that, proposing things that involve your money. If it is a good plan, you can do it yourself.
“My mother turns 93 on Saturday has been listening three times a week for over a year.”  Happy Birthday Martha Harper!  She is still waiting for this to pop and for her time to enjoy her life.  Many older people have been following this for years, and I want them to enjoy it. 
Also Happy Birthday to Country Girl’s husband.  I want you all to reach your dreams.
I want to answer the following:  “Lots of scared people out there, lots of crazy stuff floating around.  On Wednesday’s call you gave different days it could possibly go – or not at all, so have a Plan B.   Please speak to this.  If there are no exchange centers in the USA, then we are SOL.  What is your Plan B if this doesn’t happen?”  You all let me know if I have answered this by the end of the call.
The news is great.  There are a couple of events we might have been waiting for.  The administration is happy because TPP passed.  In Greece, they said that it was almost done, then it fell apart again.  Right now, this hour, we are getting that they are closer than ever to a deal being finalized today.  I was concerned by Merkel saying on Wednesday that this has to be done by Monday, and the IMF is pissed. If that doesn’t happen, there will be chaos in the  markets, especially if a country leaves the EuroZone.  It would take time to settle down.  All that time, Iraq is ready to go, loading cards – watch what they do, not what they say.  They are going full steam ahead, determined to do this.  In the last 24-48 hours, the President got what wanted with TPP and from the Supreme Court with the Affordable Care Act.  It’s now the law of the land, and people can depend on it now. (That’s not an endorsement.  ObamaCare helped a lot of people, and that is a good thing.  I don’t know that it’s as affordable as we hoped.  My daughter is 26, and she still cannot afford 6,000 per year.  But there are a whole lot of people who are under different plans, and I thank God that those people can get affordable care.) The point is that the President is in a good spot, on a winning cycle, with the Supreme Court affirming marriage equality.  They are on a winning cycle, and yesterday they said, “Let’s make this happen with the RV.
Yesterday banks got the following memo:  “CBI just announced they arranged a currency exchange in the banks union between USD and IQD;  we may not see the rate for 48 hours.”  That was issued yesterday.  Today I got information that it’s all good – don’t’ listen to the mess out there, we should be exchanges by Tuesday.  That is another piece that has fallen into place.  Did I say the RV is happening in the next hour or five hours, or over the weekend, or on Tuesday morning?  No. But all those are possibilities.  It could happen any time.  People are happy and all they are waiting for is to finalize a few little things and then give a date and time.
So let’s look at Plan B.  When I said things might work out the way we want them to, I was talking about timing and reserves.  There is a high probability you are NOT going to see your  reserves, because I don’t think things will come to a conclusion by the time we are ready to go.  So… go buy more currency, from whomever you choose and whatever currency you like, to make up the losses.  That is one Plan B. Another thing is to redo your Plan, because you have less than you expected.  Do that NOW, while you are ready to think.  Talk to advisers and dinarians, and work out a new plan.  You’ll still have to set aside 50% for taxes, get the rest working, and then spend the money that your money is working.  Do that rather than spending your money on cars and houses because then it’s gone.  You may never have this opportunity again, so don’t waste it.  That’s what I would be doing.  Anything else, we are just too close to this happening.
617 caller:  Hoping this will happen this weekend!  Vegas, Vegas, Vegas!
252 caller:  I’m a fellow Air Force man myself, on 100% disability from the military.  If this goes through, will I lose my benefits?
Tony:  I wouldn’t think so, but ask someone who knows;  go to the base and ask them the question, about if you came into some money, how would that affect your benefits.  If it does affect your pension, you can transfer it or give it to someone else. If I were a vet and it was going to affect my pension, I would put it an a trust.  You might want to ask an attorney what to do.
Caller:  Thanks, I will see you in Las Vegas next week.
252 caller:  I heard on the radio some information:  a guru said there is a countdown to a meltdown.  I notice that the things you say turn out to be true in a few days, so if you don’t like what Tony says, don’t call.  If there is someone on the line who has to release their currency, and let someone else come in who does believe this will happen.  I can leave Tony my information, and you can give your currency to me.  I may be able to get to Las Vegas, but I will be a happy millionaire!
404 caller:  Happy Birthday to Martha Harper!  You said there is a high probability we won’t see our reserves, so go to Plan B. Is that for all currency dealers or Sterling?
Tony:  I’m not speaking for Sterling or anyone else.  Some 90% of dinarians probably will NOT see their reserves.  That is just my opinion, so develop Plan B.
404 caller:  Is it a timing issue or something else?
Tony:  I could tell you things you probably don’t want to know, and it won’t do us any good to say it.  You have to pick your battles, and now is not the time.  I am just trying to help this go as smoothly as possible. I am trying to keep us in the game.  Some people had to be flexible to keep us here, and we have to be flexible to stay here. Two years ago, when I started TNT, and even back with the other place, I told you this was going to happen at the end.  We knew there was a plan for the end, and we have to be flexible.  Have a Plan B and start implementing it now.
Caller:  Stories about Jack Lew… he made some remarks at the China meeting saying, “We will work on security, … and exchange rate reform…” That was the first time I’ve heard anything like that from Jack Lew.
Tony:  I’m not sure, but the tax rate may be significantly lower than we thought.  That’s just come out in the last 24 hours.  If I were you, I would keep that 50% separate until we find out for sure.  You will never suffer from having extra money left over.
Caller:  Contract rates?
Tony:  So far as know, the contract rates are still on the table. 
Caller:  Thanks very much!  Vegas, Vegas, Vegas!  I hope it happens today or this weekend or Monday night!
702 caller:  With the reserves, that is a timing thing, is that what you think?  Or is it just not a possibility any more?
Tony:  I think we are so close to seeing that, the reserves situation will not be resolved by that time.  So I wouldn’t count on it.  That could change on a dime, but I’d be working on Plan B.
Caller:  I got on the call on Monday for the first time.  Keep up the good job!  Vegas, Vegas, Vegas!
Tony:  I am just going right down the line today, and I intended to get this call over with in 30 minutes.  Iraq is ready, they are still telling people on the television and in the mosques that they are going to do it.  We got information yesterday that people do have rates on their cards and they are using the cards outside Iraq. Some of the banks are now international as well.  We know the memo came out in three different banks saying that the USD and IQD will be exchanged.  The President is happy with three wins in a row and they are ready to go now. They just want Greece to be finalized before this happens. By 30. June, both Greece and Iran have to do something.
410 caller:  The thing with Iran and the thing with the TPP and the Greek piece… in addition to all they have won that they are feel good about, do they have to have all three, or will two out of three be enough?
Tony:  My contacts are saying the administration is ready to go. They are winning and this is the time to go.  IMF wants to see how the thing with Greece goes.  If they leave the EuroZone, what happens with trade, import-export, and all the rest.  That could be resolved in a day, a week, or it could take six months.  It’s significant enough that they want to know how it will affect everyone else before changing things with all this money. They want to at least know what direction Greece will go.  In the last few days, they  have been working on this.  Something has to be done before Monday and then Tuesday is the first of July.
Caller:  I haven’t heard the s-word today..
Tony:  I’m super-fantastic!  I am feeling better today than yesterday.  Nobody knows! They are gambling with millions of lives, and I’m hearing it’s about egos again.  “Nobody tells me what to do”, and their whole country is at stake!  (I’m talking about Greece and their finance minister and prime minister.)  But what they are doing doesn’t make sense; they can’t just keep taking money and burning it up. At some point it has to stop.
Caller:  Thanks to you and the whole team, and all the people who have helped us along the way.  Hug, hug, hug, and Vegas, Vegas, Vegas!
636 caller:  I’ve been on the call since its inception, and talked to you four or five times.  I said something wealth distribution.  You muted me out and talked about how it would be a good thing.  Last call you said there were three things: Greece, Iran and the TPP.  I have always thought that the US approval is the main thing.  But what about Iran – is that a factor?
Tony:  They need to know which direction Iran will go --- they are a power in the region, they have troops there, and they have a border with Iraq.  Money was smuggled into Iran by Maliki, so they are just involved as we are.  Iran has always been an Iraqi ally, and they cannot be ignored.  People I’ve talked to say that they  do have a solution.  They have something in place to block smuggling of Iraqi dinar and such.  I have thought we would see 1. July, because they have had things in place since April. 
Caller: I saw that there was an extension until the 9th of july, and then they have 30 days to take it to Congress, etc.
Tony:  All we need is a deal that Congress can agree on.  Iran has the same thing:  they have to send it to their parliament, religious leaders, etc.  They still have to have a frame-work that everyone can agree to.  In either case, they have to have a plan for dealing with the currency, etc.  Remember, the various rulings of the Supreme Court have nothing to do with the RV, but they do make the President feel good, and that means it’s a good time to do the RV.
Caller:  Is the main bank in Mosul  back in Iraqi hands?
Tony:  Not that I know of.  Pam says that I’m confusing the issue with too much information.  Every single I and T doesn’t have to be in place for this to go – so long as there is enough agreement and they know what they are doing, then these things can go on.  It’s the same with Greece.  They want everything to go by Tuesday, but the RV can go at any moment in time. Everything is falling into place, and that is why our administration is saying GO.  We are ready, and Iraq is ready, and the IMF is saying “Hey can we wait a minute?”  As soon as the IMF comes into agreement, then this will go. Meanwhile, the banks are gearing up around the world, sending out memos saying this is about to happen.  Look at their actions.  They are ready to do this now.
281:  I have a couple of comments, if I may.  If Obama had his win with gay marriage, and that is against Biblical principles, how can that be a win?  If he is happy and this now can got, then it must have been this administration holding this up.  So now he can get what he wants, but they are in violation of God’s law.
Tony:  I have said several times that the Supreme Court decisions have NOTHING to do with the RV.  The TPP does have an impact on the RV, because there are currency concerns.  I’m just telling you that we make different decisions when we are feeling good than when we are feeling stressed.  You don’t go to a party when you have a flat tire, but if you can fix it right away and wash the car, then you are happy going to the party.  We are not here to talk about politics or religion, just to discuss the RV.
Caller:  I heard the BRICS bank is to go active between the 5th and the 10th, and that might help Greece.  Is that something we are looking for?
Tony:  I don’t know.
Caller:  I appreciate everything you do.  I have a great love for this country, I love everyone and I’ve been all around the world.  I have no problem with people but do have a problem with when it comes to God’s law.
Tony:  I’m looking at a text that says, “Are you saying that all dealers will not have the ability to honor their reserve contracts?!  If I paid for my reserves, why can’t I have them?”  I didn’t say this is 100% or every dealer, but my opinion is that 80-90% will not get their reserves in time.  You can go on expecting a miracle and hoping it happens, or you can move onto Plan B.  I talked to several dealers who planned to take months to stretch our those reserves.  There are legitimate dealers doing legitimate business.  There are some who are not, and some of those have already been shut down.  For others, the small print would allow them to keep the currency and send back your  dollars.  I’m just saying to have a Plan B.
Pam:  I think it’s time to call it a day and have a great weekend.  I want to thank IdahoUSA for all she does, and Irene who working on donations to pay the bill for this call.  Go towww.tntdinar.com and make a donation if you want to keep hearing Tony. If you don’t want to, then don’t donate.  I feel great!  It’s going to be a great weekend!
Ray:  Someone said to call this Finish-it Friday – so finish it!
Tony:  We don’t get information out of Iraq after the sun goes down there.  We know they are ready to go.  If you got anything out of today’s call, the US ifs ready to go and pushing for it.  Iraq is ready, and explaining to their people on television that they are ready to be the richest country in the region.  We know  people are using the cards, so we know it’s international.  Their banks were open last Saturday and will be open again tomorrow to do business internationally.  Banks got memos saying there is agreement between the IMF and the US.  It just doesn’t get better apart from having the actual announcement.  They just want to resolve Greece and we hear that might be today.  If not, they will develop a Plan B.  The same is true for Iran.  They are down to two decisions, and then we’ll be ready to go.  All we can do is wait for the results of those meetings.  See if they get an agreement in place and know that things will change shortly after that.  Make your plan because the clock is ticking and you will soon be putting it into effect. “Failing to plan is planning to fail”;  don’t be a toothless crackhead, have a plan and know how to implement it.  And enjoy your day and your weekend!

Grab a Piece of India’s Unstoppable Economy, 26 JUNE

India's Economy Becoming Unstoppable: Grab Your Own Piece
Indian Prime Minister Narendra Modi has now been in power for a year. Many were hoping he would deliver on his campaign promises with rapid reform and austerity to bring the country’s spending under control.
But those dreams have already faded.
Modi has turned out to be a gradualist, more of a Dwight Eisenhower than a Ronald Reagan. He is continuing to spend, albeit with less vigor than previous administrations.
Yet, the Indian economy is growing so rapidly that it doesn’t seem to matter. Change will be forced on the system, whether or not the government legislates it.
You see, the previous government of Atal Bihari Vajpayee, which led from 1998 to 2004, truly opened up India economically after 50 years of socialist Congress Party rule.
Vajpayee sped up reforms the last couple of years he was in power, and the economy responded nicely. Then, in a stunning act of ingratitude, the Indian electorate threw out Vajpayee in May 2004.
The electorate replaced him with Prime Minister Manmohan Singh, who was mildly reformist, but dominated by party barons of the Congress Party.
Congress’ second term, for all intents and purposes, lasted from 2009 to 2014, and resulted in a spiraling budget deficit. On a consolidated basis (including the regions), the deficit crept close to 10% of GDP!

On Course for Gradual Change

Today, Modi’s government has moved in the right direction, but slowly.
He has been greatly helped by the collapse in oil prices, which have boosted India’s oil-poor economy, and its balance of payments, which is always a problematic area, given India’s overspending.
The oil price collapse also enabled Modi’s government to eliminate the subsidies on diesel oil, a large, wasteful budget item when oil prices were high.
However, the February budget didn’t reduce wasteful expenditures much.
The central budget deficit will be 4.1% of the GDP, according toThe Economist’s forecasters. The overall deficit, including provincial governments, will be around 7% to 8% of the GDP, in spite of the country’s rapid growth.
More importantly, perhaps, is that the country still ranks only 142nd out of 180 on the World Bank’s Ease of Doing Business Index, below a lot of countries that are both poorer and more troubled.
The IMF estimates India’s growth from 2015 to 2016 will reach a stellar 7.5%, slightly higher than China’s. The current account deficit is projected to improve to an average of 1.5% of the GDP, after peaking at 4.8% in 2012.
So, although the government’s reform pace is modest, it may not matter.

Stake Your Claim

You see, investment is once again rising towards 30% of the GDP.
India seems to be again poised to move up the scale towards a modern high-income economy. Although micro-reforms in the business climate are essential if long-term progress is to be made.
The Indian market has been overvalued for several years, and has moved up further in local currency terms recently. Although, in dollars, the MSCI India Index is up only 5.2% in the past year.
Nevertheless, with the economy performing so strongly, earnings multiples have tended to decline, so the index P/E ratio is currently only 17 below that of the S&P 500. It’s still high in absolute terms, however.
Thus, a modest holding in India seems highly desirable right now.
The iShares MSCI India ETF (INDA) trades on a moderate P/E of 17, albeit with a dividend yield of only 0.64%. It’s big enough at $3.5 billion, but has an expense ratio of 0.68%. This is somewhat high for an index fund and reflects the difficulty of Indian investment. But as it offers a broad, indexed approach to the Indian economy, it should probably be a first stop.
More interesting is the Market Vectors India Small-Cap ETF(SCIF). This ETF attempts to match the Market Vectors India Small-Cap Index, thus giving exposure to medium-sized Indian companies, which are impossible for U.S. individual investors to buy directly.
As you’d expect, its expense ratio is somewhat higher at 0.85%. But, at $270 million, it still appears large enough for adequate liquidity. SCIF even offers a slightly higher yield at 0.97%, and its P/E ratio is only 12 times, indicating that Indian small caps may still be a bargain.
Few Indian companies have full listings on the New York Stock Exchange, but one I like is Tata Motors (TTM). TTM has a very successful range of small, cheap cars suited to its domestic market, but it also owns the British luxury producer Jaguar Land Rover – a highly profitable investment in recent years.
TTM is trading on only 10.4 times trailing earnings and 8.8 times prospective 2016 earnings. It’s a very interesting hybrid bet on Indian growth, and the global luxury auto market. As you would expect given its heavy capital investment, it only has a 0.3% dividend yield.
Finally, the best-priced of India’s large business process industry is WNS (Holdings) Ltd. (WNS), which offers all kinds of business administration and process services worldwide. Its historic P/E is a little high at 24 times, but its prospective P/E is only 14 times.
While a richer India would threaten its cost base (though there are few countries with lower-cost, English-speaking labor), it would also make doing business with the country easier, enabling it to provide better client service and reduced costs.
Good investing,
Martin Hutchinson   LINK