Replay 805.399.1500, PIN CODE 409029#
Tony: Good morning, TNT! Today is Wednesday, July 23rd, 2014 and it’s National Hotdog Day! We may all have to have one later… You in the chat room can explain later what kind you want to have, post pictures, and all the rest.
We’ll have a good informative call today, because things are going on. People are asking about PayPal, and they have changed it so that you can say you are making a donation. That way they get a percentage, and they want their money. Our guy will fix the donate page.
I wanted to send out a tweet saying the light at the end of the tunnel is getter brighter every day, but I’ll leave that to DC.
DC: East to west, as usual. We were given yet another call to keep everything light and non-controversial because there is still more sensitive stuff going on. We can still give you some meat, just not the final stuff on top.
Iraq still has all their people ready. There are a few folks still changing, but the Presidency position is ready to go. There was a bad bombing in Baghdad and that delayed Parliament, but we should still get some announcements today. Parliament, CBI, border security are all ready. ISIS is under duress and being dealt with. Maliki is physically in Iraq, and would like the honour of doing the RV announcement, but will probably not get PM or anything else, so he is pushing on issues relating to the announcement. He is still around, just like our politicians who had a great deal of power still have a lot of influence, like Bill Clinton. He hasn’t been in power for years, but still has influence by virtue of his personality, etc. Iraq is ready to go and highly frustrated, especially the banks and the Qi cards. That is causing a lot of grief because there are still different rates according to location.
The CBI is connected to all the banking systems, and everything is ready in Iraq. They are just waiting on announcement times.
Tony: They said they would announce the President this morning and now they are saying they will do it on Thursday or Friday. They are announcing that on the news. Yesterday they said there was a new PM, but didn’t say who it is. This morning they went in to take the Parliament vote; it was delayed two hours. We are waiting for the results now.
DC: The UN Security Council is happy with all the people selected, like they were last week as well. In DC, everyone is ready at the IMF and the UST, administration guys, Senators and Reps and committees have all been briefed. Law enforcement is ready, too, and the banks are all tooling up, even those who said they wouldn’t touch it until it’s actually announced. They are paying more attention at least, although they haven’t made actual changes as yet. Everything is nicely tuned up and waiting on the announcement of the RV and the Presidency and PM. They should occur at the same time or close to it. There are official plans ready to be implemented, and we just have to see how those turn out.
Tony: We are definitely NOT being controversial today. Obviously things are great and we’re excited where they are. We are only going to do a call for an hour. Anyone who has asked a question in the last month, please put your hand down, and give other folks a chance. We are letting the people in charge know what your questions still are. We need to know at this point “What do we do when the bell rings?” That is where you should be concentrating now. We don’t know about the plan and timeline yet, but those will come out, so you should be concerned about what you plan to do when that bell rings.
919 caller: If everything is so good everywhere, primed and good to go, why are we not at the banks exchanging? I know you are going to say that we are waiting for Iraq to announce it. What incentive do they have to announce, when they have a currency that they have been trading for months in the back rooms?
Tony: You are absolutely right. I’m giving you a dose of reality this morning. Everything you said makes sense. What I need to say to answer that takes me into exactly what they have asked us not to talk about. DC?
DC: I can tell you the noncontroversial stuff and you’ll just have to figure out the middle part. We know that all the people in line are happy. Parliament has to be seated, and they are working on that. The CBI has done everything they need to, and they have communicated that to the world banking system. They world banks say they are good, too, and then they ran a few checks by exchanging a few people, as tests. That works well. The UST assisted in that. If all those people are ready and everyone’s playing nice, then I would argue that the next step is pretty straightforward. We were asked to keep it light and I hate not answering your question completely, but we don’t want to be an excuse for someone to get mad.
Caller: Everyone is frustrated, with the same reasons and excuses… in a circle.
DC: Sure. It’s been a rollercoaster. Let’s hope it all stays on track.
Tony: Especially today. We said certain things were supposed to happen, and they didn’t. Then we can talk about it, after the fact. It was supposed to happen last week, and they are saying WE are the reason it didn’t because supposedly we gave out too much information. Now everyone seems poised on the brink; there is always too much time between agreeing and doing. I have an idea for that. Usually, everybody get together, come back in, cooler heads prevail, they decide to do whatever, everyone goes and does what they are supposed to do, and five minutes before the end it gets screwed again. My idea is for everyone to get geared up, THEN have the meeting and immediately press the button and get it over with. We do know some things have changed, even this morning (and we said, “Man, what took them so long?!”). It’s a good day, guys!
817 caller: [chitchat] Although our attention has been focused back on Iraq, what are you seeing coming together regarding the TRN? We have heard the TRN will only be used between banks and countries; if this is the case, we will be operating under dual currencies because I don’t trust the Fed not to print more fiat money. Is this a holdup by the UST wanting to get their ducks in a row? Please observe the 55mph speed limit in your speech…
DC: The TRN or Treasury Reserve Notes… there will NOT be a dual-currency situation in the US. There are notes that are associated with it, as investment-grade notes. The entire TRN would be nice to have with the RV, but it’s not necessarily involved. It’s no big deal, according to some senior Treasury folks. They have held off for a lot of different reasons, but that is not one of them. We are not going over to yellow or purple dollars. The real use of the TRN is for international trading and investments.
Caller: If we are going to an asset-backed currency, and the FRN is monopoly money, how will that affect us going out of the country?
DC: There are several who have this question. TRNs are notes as in a mortgage or unsecured loan note. The US dollar will still be there. The Fed is not going away; a dollar will still be a dollar and others will take our currency. There is a complication about going to the asset-backed currency and still using the Fed system. What’s going to happen is the Fed pumping money into that system, and it will take six more months before there are zero dollars going into the system. The Fed will still be managing it, but there will not be as great a need tor the Fed to be as active in the market. There will be more stability because of greater reserves in dinar, gold, etc. Other countries who have asset-backed currencies will make everyone feel really good about their currency. There will be adjustments made to all the currencies. We are talking about 1-2%, not much. Also, the US will be expanding, as people consume more. That will stabilize the world economy.
These scenarios have been studied since the 1960s – how do you adjust for this kind of massive currency change. By bringing everyone up and make the US more stable with greater reserves and a greater economy, it will be a more stable economy with more people willing to accept the dollar. The dollar will still be around, with a minor drop as other currencies rise. A rising tide brings up all the ships, including the US. The Fed will still be around, but they won’t have to do as much work.
Tony: After the RV, we hope to have one last call to let you know what to expect for the next six months or so.
832 caller: I haven’t asked a question for six weeks. For future investment, where should we read or do research, especially for currencies?
DC: I get business ideas by reading widely. I read quite a bit of standard financial papers, worldwide especially for currency stuff. I also read the London Times, the Financial Time, the Economist, and the WSJ; those will give you a feel for where the world is going. Then read in areas that you favour, like “Iraq is coming up, so I want to know more about their security and economy and political situation.” There are really good currency-specific articles, and there are currency letters (by email) that speak the same language you are trying to speak.
Tony: I don’t want to talk about what I look at because people will say I’m endorsing things. I signed up for various letters, and every day I get emails about stocks, industries, and such. I sign up and then I go and investigate. You will be able to see the currencies that went with the GCCR and what didn’t. This is going to happen a couple of times. There are another 11 currencies that will come behind this, and you can blow this one out of the water if you get the right ones. They will make it a lot harder, but where there is a will, there’s a way. You will have to do some work to figure out the connections – not what you know but who you know. So look at that route…
Caller: I’ll be 32 next month and one of my fears is just watching this money just go out, like the government keeps saying. At my age, where would you put my money to get a secure monthly income?
DC: I am going to divide up my money, after tax. The taxman gets his check first. Of the post-tax amount, I will divide it into several different piles: 5% for fun stuff, like cars. The remaining will be divided into buckets. One will go into a ‘grandmotherly’ conservative investment at about 4%. If I want to earn $40,000 per year, then a million will have to go into that bucket to provide for basic needs like housing, food, a bit of travel. Where do you find that 4%? Look at munis in highly-rated states that are not in debt (not California). I’d looked RNPs; I’m looking into conservative ones that pay dividends. I’m also looking into blue chips that pay dividends and go on forever. There are annuities; I think I can do better than that, but those are good investments for a conservative play to cover expenses. I’ll add a good amount there so I’ll have plenty to play with. Then I’ll put the rest into middle-risk investments to (for example) pay for college or for my daughter’s wedding. I’ll work with a financial advisor to place those funds I won’t need immediately. I will also put money into high-risk programs like starting my own companies. I can do that knowing my family needs will be covered. I see it in blocks. You need to have your monthly income covered no matter what. Then I’ll need X amount for each child as they turn 18. Then there are the high-risk investments. Plus you should look into put money into different trusts that are totally separate from each other.
Caller: Thanks, and thanks for these calls. They help make sure more of us do NOT fall into that percentage of folks going broke in two years.
Tony: I like annuities for the average person, because I’ve never seen one go broke. They assume the risk; they spread it out, yet give you your return. There are some going up to 10%, and I like annuities because they give you that monthly check. They pay out in case of accidents, and you can use them just to double your current income. It’s a low-stress way to use this money to create an income. There are many available throughout the country and you can do research on your own.
Forum: What happened to the people who were guaranteed the higher rate it if didn’t come out in 30 days? They were paid and they are happy.
Q: Will there be a Canadian contract rate? Our understanding is that you have to be a US citizen or resident for six months or more.
Q: With the BRICS live, how long can the US system operate without imploding? DC: I can operate indefinitely; the US economy is strong enough to do that. The BRICS system is like a BRICS IMF, basically funding their countries. It was bound to happen, to give those countries coming up in the world more influence and power. I am big believer in this RV resetting the world’s economies, but I’m bullish on those countries having the most dinar: the US, the UK, China, Australia.
Q: If we ask for the contract rate, what will the banks ask of us? They will charge a flat 2% and afterwards, the money is yours to do with as you will.
Q: Are baskets 1 and 2 combined? How will we know when future baskets will go? Who is going to be there to tell them to get ready?
DC: Everyone has learned a lot from this experience; they don’t want another five million people doing this again, so there will be a lot of restrictions. They will limit the connections with ‘gurus’, raising the amounts required for accredited investors; you will have to read a great deal to find out what is happening.
Tony: It’s going back to the banks and the good ol’ boy network to get into this deal. You should definitely do your homework.
DC: You’ll just have to figure it out for yourself. Once this leaks out, there will be a lot more credibility, and a lot more people will pile into it. That’s one of the reasons to keep people quiet, so that people who have been told in the past and didn’t buy it will go out and buy currency based on random information.
Tony: After this happens, maybe those same people who scammed you out of your dinar and dong might try to scam others out of their new currencies. Investigate and find out.
Q: If the RV released beyond CL, Janet Yellen and CBI’s approval? We won’t answer that.
Q: Why isn’t the US helping Iraq? We are helping, but we also have to let Iraq learn on its own. Everyone is up in their business, and really they need to get out of Iraq’s business and let the figure it out. Actually Iraq is maturing nicely. After this goes, there will be much less interest in Iraq.
Tony: Will people be going to Dubai, Kuwait or Iraq on vacation?
DC: The amount of money pouring into that part of the world is amazing. Those of us who have visited have been amazed at the reconstruction. It also has a tremendous amount of historical background, so it will be a really neat travel area.
Q from HI: Will we have to fly to the mainland as we don’t have WF or tier 1 banks here?
DC: I asked this specifically, and was told that tier 2 banks will exchange for you. If they are not treating you right, you might want to fly over to the mainland.
Q: If we sign the NDA for the contract rate, what is stopping the PTB from taking it all from you later with the excuse that you have talked about the RV when you have not.
DC: They have to prove that you talked about it. You have to be able to take oath that, even if you’ve been asked, you have never talked about it, not even to your drinking buddies. Just don’t talk about it to anyone.
903 caller: I went into a WF bank in Alabama and talked to a private banker about foreign currency. He asked what I have, and said that they will have nothing to do with it, ever. He was Texas gentleman, and he looked at me like I was an idiot and said it was a scam.
Tony: It will be all right. You’ll walk back in and he’ll be educated. Unfortunately that is part of the growth process he has to go through. Nothing we can do about it, but it’s almost over now.
Next caller: Will all the big five banks have contract rates for both dinar and dong?
DC: We don’t know at this point.
Caller: Thanks, and I pray that by the end of the season, you will no longer be responsible for feeding all the baby birds; we will be out of the nest and flying like eagles.
Oh, and what is a muni?
DC: It’s a municipal bond that is tax-free; Wikipedia has a good explanation.
Tony: We’ll finish there. We should have a good weekend.
DC: Everyone is ready to go in Iraq and the US. We understand they are working on a plan and I hope it’s the final one. We are back in the good graces of whomever, and we are on the list to help walk people through the first 10-14 days. Other credible people will be on that as well.
Ray: It’s been a blast, looking for this to wrap up, and post-RV, you can find me in the islands…
Tony: We are hearing nothing but good information at this time. There is a plan and everyone is happy with the plan. They are determining the timeframe with a few tweaks to make this happen, so we will sit back and let it happen. We have more information and details that we are not allowed to give out, but everything we are hearing is great. It’s not done yet, because you are not at the banks, but if they can stop leaving so much time between release and implementation. We were supposed to hear announcements today, they pushed it off to tomorrow, so we’ll see. If something happens, I’ll send out a tweet. On that note, enjoy your day!