Friday, May 5, 2017

RayRat Call Notes 5/5/17

TNT SHOWTIME CC (Notes by Adept1) 
TNT Call notes 5-May-2017 
Replay 641.715.0623, PIN CODE 409029# http://events.iteleseminar.com/?eventID=97753917 

RayRen: Good afternoon, super-fantastic TNT family! Today is Fantabulous Friday, May 5, 2017, with RayRat98. We’re going to just talk to you for a few minutes. Where do we go from here? 

On Thursday, we got the information that the troops were given permission to advance, after two weeks delay. There is only 7% left to do, and whatever the reason for delay, they are going forward now, and I don’t think it will take much time to complete the 7% to complete what is left. That was shared yesterday, and may be history as we speak. 

The latest I have on that is that they are moving towards the center of Mosul, with praise on Iraqi television for what has been done; they are showing a map of how the areas they are liberating are changing colors. No report that the map is all one solid color, but how much longer can that take? I expect there to be complete liberation by Sunday, if everything goes according to plan. 

I also expect to hear about more significant price drops by Sunday, and we know what that will lead to. We might hear something before nightfall! 

Questions from the TNT forum

Q: What’s your estimate for this weekend, 0–10? 

A: I said that already, looking for significant price drops which means we’ll be taking care of things next week. 

Q: Re: the maps of Iraq, etc., is it a possibility that the war is over, and these maps are showing us those remaining to receive their cards/money? 

A: Could be… 7% left. 

Q: When does PM Abadi has to be ready for his next election is it within 2018? 

[RR: I don’t know; I don’t keep up with the politics of Iraq.] 

If so after RV how much time wise is needed to illustrate accomplishments such as Industrial Parks for manufacturing and present infrastructure improvements going full speed ahead? Time may be the bigger factor for the Iraqi PM to be reelected and the above mention projects for the entire country would take between 12 to 18 months at least to be fully established but would you say as you have an in-depth history with the folks there? 

A: I have no idea; I only have in-depth history with the currency, not the politics. There hasn’t been any mention of elections as a timing factor. 

Q: If I am sole trustee seeking contract rate would my husband be required to sign NDA if he is not involved with trust? 

A: Only those involved with the trust have to sign things to do with the trust; if he is not a trustee, he should not be privy to the trust details. If you make him privy to that information and he signs an NDA, that may be a breach of fiduciary responsibility, and that may come back on you. 

Q: Anything from your hedge fund contact? 

A: No, nothing lately. 

Q: Since the Zim is NOT an existing currency, will there be a time limit to exchange it. And, will the rate be affected by that time limit as well? 

A: I have not heard of a time limit, but I suspect there may be one for the ‘old’ zim. Don’t be surprised if there is. 

Q: Any updates on prices in Iraq? Any info on how much prices have fallen? 

A: I should have more information on that by Sunday. 

Q: Are other basket currency nations undergoing the same types of IMF, World Bank, etc., changes stipulations in order to revalue?? Deletions of zeros, price droppings etc. 

A: I don’t know; I haven’t been reading on other countries, and a lot of that should be public if that exists. 

Q: Any tax info? Are the banks “in the loop” or a cog in the wheel? 

A: No, and both, I should think. 

Q: I would appreciate if other members on the call would share their results insofar as contacting banks that have 1) assured they will do foreign currency exchanges and 2) authenticate currency on site. I’ve not had much luck, especially re: #2

A: Members have been sharing that information. The 47 banks I have on my list are all from members saying they would exchange dinar; I haven’t had details on verification on site. 

Live Q and A 

716 caller: Do you hear anything about the 800 numbers? 

RayRen: Nada. All we can do is watch the action and be ready at the end of the game. 

865/404 caller: When is nightfall, by your definition? 

RayRen: When it gets dark on the East Cost. 

Caller: What should we do in the first few days – or what do you plan to do? 

904 caller: One of our biggest frustrations is fear of loss. Some of our members have never had a repossession, and now that they have a money-crunch, they are all freaked out. Those are all real fears, and some have already experienced that… and then those fears don’t have the same impact. You can also experience those situations through others. A lot of calm has to do with having already experienced those losses, because often it’s not as bad in reality as when it was still in the unknown. No matter how afraid or frustrated you are about all this, we are powerless to change it, and the sun is coming up tomorrow anyway, so enjoy the sunlight instead of being in downer mode. My car was repossessed, I was able to get it back, and now I know what I would have to do if that were to happen again. Either way, life continues, and “this too shall pass”. 

Next caller: I know it’s going to happen. It doesn’t make sense to me that all the shops were closed for five days in Iraq, but the RV didn’t happen during that time. Doesn’t that strike you as kind of funny? They did drop their prices in those five days, right? 

RayRen: Sort of… but I have more information than you do. We did have some examples of prices dropping on bread, Coke, and other products. Some of this has to be done in stages, and some cannot happen overnight. We’re just caught up in that vortex, learning the process. We don’t know if the government is stretching it out, or so that people can adjust to it with less difficulty. We don’t know; we don’t have paid informants, we only have sources who contact us when they feel like it. It’s different from the US, where we have lots of official data all the time. Yes, Abadi put up a giant flag in Mosul, but we’ve been told that only when ALL of Mosul has been liberated will there be national reconciliation and the economic reform. We have information that Mosul IS liberated, same as the budget being agreed – until Iraq makes it public, there is nothing to be done. Most of what we have been told has manifested, eventually, as with the lower denominations, loading the ATMs, and so on. I don’t think they would load the ATMs unless they meant it to go right away, but things happen, and now more is coming out. I still believe everything is hinged on Iraq. I only know what they feel like telling me, and sometimes it works out right away, and sometimes it takes a little more time. I am looking to hear about more prices dropping, hopefully by next Sunday. We just have to wait and see. 

610 caller: Please donate at www.tntsuperfantastic.com; we are still not able to send donations electronically, so please send your checks to the address on the web site. 

307 caller: I have a trust, and that trust has a checking account from which I pay my bills, etc. If I go to an exchange and set up a new account, is there any reason it should not be in the name of the trust? I might want A, B, and C accounts. 

RayRen: You’re talking about the name of the account? Just talk to your bank; even if you don’t end up exchanging with them, the other banks will do something similar. 

972 caller: Is it possible that this hasn’t gone because this is an investment? 

RayRen: I don’t see it that way; I don’t think Iraq is seeing us as outside investors. Holding their currency means nothing to them because it’s not going back to them. 

Closing Statement 

No matter what you hear or who you hear it from, time is on your side. You don’t have to rush in and do anything, with the exception of those looking for contract rates. The rest of us can sit back and methodically plan, and some things we can only plan once the rate has been revealed. 

There are different levels here: contract rate people have to go in quickly, but can then go home, relax, and plan their work. The rest of us will be looking at ways to leverage what they have while they wait for the rate to appreciate. We don’t have to rush; if you rush in, you will miss the appreciation.

 If you have immediate needs to take care of, think carefully how to will take care of them. You might want to exchange one note and take care of things, or you might want to use someone else’s money, so that your money can keep on working. If the rate appreciates by 200%, for example, then you might want to take out a loan at 2% or even 10% so that your currency can get that 200%. Some of us have to write that out on paper so we can make sense of the numbers. But the best of us want to squeeze the most out of each note. It’s not what you get that’s important, it’s what you do with that money. 

Some have been trained/conditioned to do certain things with your money, regardless of the amount. So the best of us will plan carefully and get the most out of our currencies, and then use that money carefully to maximize the returns. All of us need to think these issues through methodically. We hope to have great information coming through by Sunday about prices dropping; that type of information can give us a good picture of what is next to come through and how to deal with it. We want to work with calculated information that will help us pinpoint where we are in the grand scheme of things. 

If things pop at the first of the week, as they should, then my birthday celebrations in Jamaica will definitely be on for the third week in May, and the air show in Paris in the fourth week of June. 

We will also put on those bank seminars in the 13 cities that the task force will be putting on. Those are all set up, and we’ll put the information on the sites so you can learn about banks and banking products. I don’t anticipate any RV movement today or before Monday, but information by Sunday to let us know what to look forward next week. 

RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA

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