TNT Call notes 2-March-2016
[TNT Rap]. [audio checks]
RayRen: Good afternoon, TNT super-fantastic family! Today is When-Am-I-Gonna-See-It Wednesday, March 2, 2016. This is RayRen98. We’ll talk about a few things and then enjoy the rest of our day.
The intel gets ever more exciting, with more things flying out left and right. Some I’m still trying to nail down so we know that they are real. In Iraq, we shared before that cards were funded and salaries were paid… they are getting caught up. That was a partial concern. They were being told they would be paid on the cards at the new rate, and that new rate hasn’t kicked in yet on those cards. They are bothered about that and about the corruption. They want to see justice, and they plan to have another demonstration this Friday, and to push on into the Green Zone. If things happen according to plan, then won’t have a need to demonstrate or push it into the Green Zone on Friday.
We did learn that the tariffs are now set, ongoing. There are issues with the Amnesty Law, and that has been resolved. There is progress, slow and steady, moving forward.
Now let’s look at the targeted date that was set months ago and didn’t make it into the public eye. We are here. That was set up months ago, in articles that might make you think it will happen months from now, but those articles were written months ago. In Iraq, some dealers have had their licenses removed, and they are only allowed to sell what they have on hand, and not allowed to sell new currency. Anything under the sun is probably flowing around right now, but we do know that there is an attempt to stop the distribution and then revalue their currency, and then let it come back out. They don’t want it in certain hands, and that’s another reason to restrict the currency.
On the television over there, they are saying that Abadi is to have a new Cabinet and CBI leader within ten days. I believe the RV could happen prior to that, but the announcement is for a new Cabinet and CBI to deal with the corruption on the government levels. That will help to correct that. We read all this over a week ago, and that Dr. Shabibi returned to that position. We’ll see. We hope that things will be done on time so they don’t need to have a demonstration in Iraq. That is only two days away, and we hope there will be no need for a citizen revolt.
In the US we expected in different banks that they started mobilizing private exchanges on Monday and Tuesday, building up to a public release. That’s pretty much what we were told a while ago, that there would be private exchanges, then group exchanges (including us, the internet group), and then the general public. So it goes without saying that we would in that line-up, before the general public. The private exchanges have taken place; this doesn’t mean to call the banks. Leave them alone; when they are ready for you, they will call you. Even though you may want to be at the bank today, it may not be your time. When it is your time, we will know; they will contact us.
Let’s take a few calls…
Q: Do you think that since the dinar is up in value and cards can be used country to country, and with tariff laws and bond sales, do you think the IQD is international today? A: Yes, I do. I do believe that we are in the midst.
Q: Have there been more exchanges? SKRs? Money to spend? A: Yes, and I hear they may have to wait 24-48 hours to wait before spending their money.
Q: Will zim, dinar and dong come out at the same time? A: Yes.
Q: Hot new rumor is that currency dealers are being told to balance their sheets and shut down. A: I have heard that rumor, but not from my sources.
Q: Re gifting currency, is a gift letter all that I need? Does it need to be notarized
A: An affidavit might need to be notarized; a letter might just need witnesses.
A: An affidavit might need to be notarized; a letter might just need witnesses.
Q: Does Iraq have to have an international currency for 90 days before entry into the WTO? We can’t seem to find this in print anywhere. A: that is what we have been told. If anyone on the call knows where to find that, I guess they will contact us or post it in the forum (just like this question). Create a thread and see if someone has the answer.
Q: Remember the five items? Have we passed the times in those memos for the RV/GCR? A: They gave dates for the rates to change, and they have changed, we just don’t have a public RV/GCR yet. But the memos held up.
Q: Do you see issue with taking a trusted friend to your exchange appointment to have an extra set of eyes and ears with you? A: I don’t have a problem with that, just ask the bank if that’s okay. One person shouldn’t be an issue, and you can accompany them on their appointment. If you are going after contract rates and signing NDAs, that might be an issue for the person accompanying you, because they may not to have that type of involvement. If you plan to sign an NDA, as if the person with you has to do the same.
Q: In the past, on Tony’s call and in the forum, there was discussion about which codes should be used, or if we should just say “I have X, Y and Z currency and would like the highest rate possible”. Is that good enough? Should we ask to see the rates on the screen? A: I will use that blank statement, and sure, ask to see the rates on the screen. What if they offer you something not on the screen? Will you believe them?
707 caller: Have you heard anything about negotiating rates on the 800 number calls?
RayRen: I have not heard that will be a requirement, but one banking sources suggested that is how they might process the appointment calls. [Looks at notes] One bank intends to screen you during the 800 number call, and maybe even give you a rate over the phone and lock you in on that. If that is the contract rate, I can see that happening on the 800 number calls, where they lock you in at a higher rate. So maybe; it’s possible.
Caller; That seems like a confusing situation if you’re trying to negotiate.
RayRen: It’s my impression that the contract rates are flat, which is easier for us. If you say you want the highest rate, and they say “17,000 per note” and you agree, then you don’t have to negotiate, you just go to your appointment and sign your NDA>
Caller: Is there still a market rate?
RayRen: There will be a market rate as soon as this hits the market!
Caller: So that is where you’d want to do some negotiating?
RayRen: I don’t see how you can negotiate rate over the phone and lock it in because market rates are ever changing. I can see a contract rate until that supply has been exhausted, The contract rate and international rate will probably be fixed, but I don’t see the function of locking in a market rate that could change in two hours.
941 caller: The market rate could actually be worth more than a contract rate…
RayRen: Hmmm. This is an example using the dinar: Shabibi says their currency will sustain $16, and the international rate is $3.71. The market rate could go higher than $16, but I’d be surprised.
Caller: So you cash some in, pay off your debts, then wait a few weeks or so?
RayRen: That’s a risky game. The contract will only last so long and then it will be gone. We don’t know how high the market rate will go, and if you were waiting to find out if the market rate will go higher than the contract rate… by which time the contract rate is gone.
Caller: Most people will jump at the international rate at about $3.71. If they cannot set up their lives on that amount, they are just being greedy.
RayRen: It’s not about greed. Some people have been waiting ten years. If they are willing to wait for the market rate to go up to, say, $8, that is just good sense, not greed. We’re not talking about six months or a year, but a few days or weeks at most. If you are willing to wait, you might get twice as much.
Caller: Kuwait came out at the international rate and tripled in a few weeks. I know one guy who got $12 by waiting a week or so. You can exchange enough o clear your debts and then wait a week or so to see where it goes.
You have a lot of people who come on every single day, asking the exact same questions every time, so I think you should go back to first time callers because it would encourage them to at least speak with you. I have been following this for years, and I’ve been on this call 5-6 times in the last four years. You’re doing a good job, but some new people would like to have the chance to talk to you. Soon as this happens, we are moving to NC! I’m going to start checking with WF, and exchange a few dong even if it’s only 47 cents. The rest I’ll take care of when I get there. [Appreciation]
406 caller: [bad echo] What do you think the dong will be over a dollar or less? And when do you honestly think we will see this?
RayREn: I have no idea. People are saying different things, and rates change at the bank. It’s hard to put your finger on this until it’s showtime. I certainly think this is really real, but as for when it will take place… I have no idea. I get information saying this is about to go down, and I wake up and nothing’s happened. I’ve got people telling me we will never see the demonstration on Friday because the people will have what they want on Thursday night. I have heard such things before. I’m 100% that this is going to happen, but I’m not 100% that it’s going to happen by Friday. I’ve had people tell me it’s happening right now, with 800 numbers in the morning, and then nothing.
Caller: Are we going to see Pam again? She’s never on the calls any more.
RayRen: Pam is around, but at the moment she doesn’t want to talk on the phone much. She is still doing all the work in the bathroom and she comes into chat; she’s not gone.
865 caller: If you had a range-finder, and you were looking at a range for the dinar, what kind of high and low would you see on the contract rate for the dinar? Also, I hear there are contract rates on all three – dong, dinar and zim.
RayRen: What range are you looking for?
Caller: The best rate the bank can offer. I’ve heard contract rate on dinar as high as $27.
RayRen: I’ve heard that, too, but won’t know until someone goes in and gets that rate – at which point they’ve signed an NDA and won’t disclose it.
Caller: What about the dong? I’ve heard as high as $20 and as low as 47 cents.
RayRen: I’ve never heard as high as $20 for the dong; I have heard 15-16 for dong.
Caller: How about the Zim? I’m considered a whale in zim but only a porpoise in dinar.
RayRen: We’ve heard all kind of things about the zim, from 20 cents to $1 to $5… it all depends on whose site you’re on and which calls you listen to. The only one who knows is the person in the appointment, and they’re not going to tell you.
Caller: [Appreciation] Vegas, Vegas, Vegas!
352 caller: if one more person asks the date and rate, I’m going to die. I’ve been listening to this for three years, and the same questions over and over again. You can’t tell when this is going to happen! Do you know Anne deHart over at Hollow Earth Network? One of her dearest friends in China has been told to close up his currency shop by tomorrow morning. One more question: just in case we are asked by the bank what we are there to talk about, should we say IQN or IQD?
RayRen: “I am here to exchange some Iraqi dinar, and I hear all kinds of rates. I want the highest rate; what can you offer me?” That’s what I’ll be saying.
772 caller: Is there anything new that the callers have not asked that you feel we need to know about any part of this exchange?
RayRen: No. So far they are doing a good job with the calls and written questions.
816 caller: I read somewhere that Iraq was supposed to join the WTO be the third. If they don’t, then what?
RayRen: I don’t care, so long as they revalue the currency. If they do want to join the WTO, the RV has to be done first, as I understand it.
Caller: You seem to be giving hints that this will go by Friday…
RayRen: Yes, that is what I’m being told, that the demonstrations won’t be taking place because the citizens will have what they want before Friday.
323 caller: is the dong still going to go seven days after the dinar, or both at once?
RayRen: Where on earth did you get from?! They are going at the same time.
Caller: My brother wanted to know where to go to exchange, and you asked if I knew of other exchange centers. Will they give us the same rates as at the bank?
RayRen: I don’t know the current rates, because they keep changing. If you go to a currency exchange location, I assume you will get the prevailing international rate.
Caller: Would you exchange at the bank or an exchange center?
RayRen: I haven’t heard of exchange centers having the same deals as the bank; my impression is that the deals will be at the banks. At a dealer you get the international rate.
Caller: I went into the bank where I have been for 19 years, but all the staff has changed now. It’s one of the big four banks – do you think they will turn people away because I don’t have a relationship with the new employees.
RayRen: You shouldn’t have any problem, especially if you have a relationship with the bank itself.
754 caller: This is my first time on the call, after 13 months of reading everything that comes out on blogs. Have you heard anything about being in a 16.5 hour window and that millions have moved around the world and we should hear something by 11pm EST this evening?
RayRen: I haven’t heard it, but let’s be optimistic. What do we have to lose if it is true?
Caller: On previous calls, you said the people were being paid, and maybe they are still upset because it wasn’t at the rate they wanted. I heard that the reason the Iraqis were upset is because the shopkeepers were worried that the paper currency was printed on stale paper and they were concerned the banks wouldn’t accept it.
RayRen: I usually hear from government officials or ordinary citizens, and haven’t heard anything about people being concerned about paper currency, because most of this money is on cards. The people and the merchants are not used to electronic transfers, so they need reassurance that they will be paid for their goods and services. They are giving merchants instructions on how to process electronic payments. There are some other issues that may be getting in the way of this unfolding as we want it to.
Caller: [Appreciation] Vegas, Vegas, Vegas! And negotiate!
RayRen: We are at the top of the hour and I don’t want to overwork the transcribers. We might see this tonight or tomorrow, and we are optimistic that we will see something – either a continuation of what we have been seeing this week or a full-blown RV. I don’t know why we shouldn’t see it this week. We patiently wait as each hour goes by. I don’t know the timeframe; many put those times out there, and they may have firm intel for that but I don’t. I do know some private exchanges are taking place. I don’t know how the banks will handle the larger groups. Bankers, it would be great if you could put out an agenda or plan of action, so that we can help you (the banks) as well as our members. Let us know what you plan to do with us so that we can work with the system instead of against the system. Let us know so that I can let the members know, and it can be effortless, smooth, timely, without a lot of headaches. Just give me some information and we can make it smoother when they come to your doors.
We are in the minute. The bankers are just waiting for a release code. The minute that authorization code is released, it’s on. I hope people are not tripping over themselves on the way to the bank. The quicker we can learn how to keep that orderly, the better it will be for us and for the banks. Meanwhile, we are waiting for the call saying “it’s done – tell your people”; when I receive that information, we’ll put it out there so that you can get it done and get on with your life. We all want to get on with relaxing, quitting our jobs and paying it forward. We just want peace and contentment, hopefully before this week is out. Time will tell us what we want and need to know. Meanwhile…
RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA