TNT Call notes 27-January-2016
RayRen: [TNT Rap] Good afternoon, TNT super-fantastic family! It is Wednesday, January 27, 2016. [audio checks] It’s going to be a short call today, so I’m moving a little slow. The audio is garbled, but there is nothing I can do to change that for you. The call is recorded so you can listen later. For those few who just don’t like the music, that’s tough. It serves a purpose and if you don’t understand why, perhaps you are on the wrong call.
Welcome to our super-fantastic call for today! We didn’t expect to be here on this side of the RV, but we are glad to be here period. We deal with that and keep going. If you got the tweet, you already know there is no ‘new’ intel to share. I thought there might be some within the last hour, but that was not the case. I don’t have any brand-new intel to share. I will take a few calls because for some this is your main access, so we will still meet and discus issues that are important to us.
The bank folks are still saying we’re waiting. Authorizations went out on Friday but there was a discrepancy in one county that caused it to hold off. Banks were expecting us on Monday, and then we started getting timeframes that came and went. Some banks then anticipating action on Monday, but here we are on Wednesday, still waiting. We are all expecting this to go ‘at the right time’, and if I knew what that time might be, we’d all be doing something else right now. Until we get that information, all we can do is to plan, and assess our plans to make sure everything is covered. The word from everywhere is that it’s set, it’s done, apart from that glitch. Everyone is waiting. I don’t really care about what caused it not to pop out as expected… just bring it on. When it pops, then I can do something about it! “Rates are here, authorization codes are in place and we have the green light to go.” That is the info and the extent of the intel. We are still at ‘any minute, any day’ status as far as the banks go. We and they are patiently waiting.
We can discuss things that pertain to TNT members for a minute. I’m looking at the questions in the forum first – the shorter ones.
Q: has there been any change on what ID will be required for exchanges? A. It’s still the same, I’ve heard nothing new.
Q: Please go a little further on any one thing you’ve covered together? Also, can you mention the professionals you deal with, with reference to their levels of importance and why? A. I don’t understand the first part, and I won’t answer the second part.
Q: If a Mod deletes anything in chat, it’s a direct violation of TNT rules or it is lining up to do that. Everyone’s emotions are at an all-time high, and the Mods are trying to keep the peace and prevent outbreaks if they see it coming. The Mods on OpenMike have the same challenge. If you post something that may cause upset and disturbance, then the Mods will delete it. Learn from that mistake and keep going. We are all going to the same place and hope to get there today.
Q: Nothing has been said publicly about oil production – have they said anything in the mosques? A. They have not said anything detailed, just talking about economic and that the citizens are waiting for all this to come to an end.
Q: You said on the last call you would tell all – Bruce said that some whales have been exchanging. Do you see this happening this month? What rates? A. Rates are what you have been told. Some whales have been exchanging, yes, although we don’t know if they have been receiving cash, loans or SKRs. That is progress – that’s what we want to hear. How soon does it get to us? I don’t know. We and the banks were expecting it to pop out at the beginning of this week, but it didn’t. It could happen today; we’re just waiting.
Q: We have driver’s licenses, birth certificates, and social security cards. Our passports have expired. Do we really need our passports to exchange? A. You only need a passport if you are going overseas. Otherwise, the other forms of ID are enough.
Q: Do you believe that you only known 60% of what is going on, like Tony said? A: Because so much has changes, it might be more like 75%. You have the most important information and we will not be at a disadvantage because you don’t have that which you have been pressing me for. When there is pertinent information you really want and need to have, I will get it to you.
Q: There are several members who come into the chat room with stories to tell and intel/rumors. Why don’t you have them on the call? A. How good is their intel? If it is serious, solid intel, they will contact me. We’ll put it together with our intel team, and if it checks out, you will hear it.
Q: How is Winston? A: He is better. I didn’t hear his voice today, but he’s chipper.
Q: Is there a book article explaining how to use a trust or LLC once it is established? A: I’m pretty sure there is, but I don’t know the book or author.
Q: Is there any way your personal expenses can be absorbed as a business expense? A: No, they are separate.
Q: Can you give us a date-specific idea of the time frame? A: Day.
512 caller: We talked about not being able to use the proceeds of this exchange to redeem your currency that is in secured reserves. Has that changed? If you have dinar reserves, can you use other currencies to get that out?
RayRen: I have heard not changes in information from what we heard last year, so to my knowledge it’s all still the same. I don’t know any reason why you would not be able to use those other currencies directly.
Caller: I have dinar and zim that I have paid for; I have dinar on reserve that I have not redeemed. When I take my dinar into the bank, can I use that exchange money to get my secured reserves from the currency company?
RayRen: Of the people who have already done their exchanges – and there is proof some exchanges have taken place – they have received NO instructions what they can or cannot do with that money.
Caller: When you hear from the banks that they are ready to go, we will hear from you, right?
RayRen: The minute this is released, you will probably hear several directions, chat rooms, etc. In fact, they will probably broadcast it before me, because I will take time to make sure it’s solid before I send it out. We will tweet, email, do a blast to let you know as soon as we can, and equip you with as much information as we can obtain before you call the bank.
Caller: [Appreciation] Vegas, Vegas, Vegas! And Texas!
386 caller: Never been better a day in my life! I’ve been in 3-4 years, and I have four different currencies, with four different bank accounts and four different companies to deal with the exchanges when they come in. Is there anything else I need to do?
RayRen: Sounds like you have done a lot. The only other thing is to map out your strategies, such as if you want contract rates, have a strategy and a plan for that, or if you don’t want contract rates, that requires a different plan. Do you want to exchange all your currencies at once, or hold back some if you believe some will rise on the markets? Have a strategy for each. Iraq says that their currency will be the strongest in the world, so if it comes out at $3.41, then you might want to hold on for a little while. We were told that contracts will be plentiful at first but then would dissipate. That tells people to move expeditiously when the announcement comes out, if you want contract rates. You want to get the maximum value out of every dollar spent and every currency you hold. We might have to play the waiting game, including lost opportunities. Most people only look on the surface. If you exchanged at $3 and in a week it jumps to $6; you might have lost the three million dollars’ difference, plus what it could have brought in as a monthly income if that lost money had been invested wisely. Most people don’t understand lost opportunities and compound interest; if we did, our lives would look really different. The minute you make compound interest your friend rather than your enemy, you will wipe out your debts and start to build wealth.
Caller: Can you tell me the last rates you’ve heard?
RayRen: What THEY are putting out is dinar at $7-8, dong at $4, zim at double digits, sometimes as high as 20+ cents. Those are the main three whose rates we hear about. Some bankers are saying “those are just place-holders”. Those whom I have talked to, early exchangers, didn’t get those rates. Iraq is saying $3.41…
Caller: I would take that! I made a large purchase from Sterling… heard anything?
RayRen: I would think that when the dust settles, we will get what we have paid for at least. As for the reserves, if you have paid something, you could justifiably expect to receive the currency or get your money back. There is a difference between service and product.
Caller: [Appreciation] Vegas, Vegas, Vegas! And Texas!
602 caller: Last time you were talking about Monday night, Tuesday morning – were those the dates in the bank memo?
RayRen: No. The memos said “from now until a specific date”. We are looking for this NOW, not a specific date. The banks expected this on Monday that one currency and had to fix that. Time will tell.
Caller: I read somewhere that Nigeria didn’t devalue – does this have to do with the glitch?
RayRen: I don’t know. We haven’t passed the specific dates. I am looking forward to the next call being about the RV has been released, the rates are live, here are the numbers, and here’s what to do – a wrap-it-up call.
We didn’t have a lot of new information. The banks are still saying “we’re here and we’re wating – we’re ready and expecting it.” We just have to wait this out and know what we are looking for. The pieces of the puzzle are coming together. Hopefully I’ll be back before Friday with THE call; otherwise, I’ll be back with more updates. Continue to believe. I do.