Replay 805.399.1500, PIN CODE 409029#
Tony: Good morning, TNT! We are ready to go. I am still at the Pastor Wilson’s studio. We’re having a great time. Ray’s voice is back because he’s been hanging out late with the big boys. I got to meet some dinarians here, we had a great lunch and talked about Pam and DC… The surprising thing is that my wife is here with me, and I called Pam, and they said, “Oh, Pam really isn’t your wife!” Some people actually believed that myth.
It is Tuesday, September 2, 2014. We are an hour early (although it’s noon where I am). We have 6,000 on one line and 14,000 on another. That’s because Pam has another commitment, and also because we don’t usually have calls on Tuesday.
A lot of good things happened over in Iraq and we want to talk about that and why we are on this call instead of being at the bank. We have an answer to that, or at least DC does. DC?
DC: I’m going to repeat this because I will give details that explain the situation, then we will have a little debate about the situation. ALL THIS INFORMATION IS NOT SINGLE SOURCE; we got it from many different places. All the information comes from many different sides and angles, and we are putting it together.
Good old Iraq, after sunset on Friday they started building the sets for their celebrations. Bankers and key trainers went to other banks, stores and mosques to walk everyone through the process all over again.
Tony: Those key trainers were from the CBI and big Iraqi banks for their key customers, and they got together to teach the people of Iraq what was about to happen. They went through it with the tellers, reception clerks, hotel folks, anyone who does a lot of business saying “here is what the change looks like, here are the lower denominations” and all the info they might need for the RV. They have been doing this for a while, and this was a refresher course, all weekend throughout the country.
Tony: Why were they doing that exactly?
DC: On Friday morning, they announced in the mosque that the government was complete and that the currency would be changing very soon. They wanted the training to be complete so that no one would be taken advantage of. Any more training stuff?
Tony: The bank memo told them it would happen in the next 48 hours, on Friday.
DC: It did say that, they announced it in the mosques, the trainers went out, and they explained what the fill would be worth, etc. There is nothing you can buy with the coins right now, but after the RV, 25 fill will be worth nearly a dollar. They reported back to the CBI, major banks and finance guys that everyone was trained and they were happy with the situation, and ready to go.
On Sunday morning, they had a military parade, and they talked about their success is freeing towns under siege. The main issue was that the currency is international, you can spend your dinar, and we are the richest country in the world, leading a massive financial revolution going forth. This was on Sunday. Calls were being blocked from the US with new blackouts, but there was a big resounding GREAT.
Tony: Can you talk about the letters?
DC: On Sunday and early Monday, there were letters and calls of congratulation across the world, because it’s smart to buddy up with Iraq. Those went out from a lot of different country, including the US, and they went to a lot of the higher level politicos in Iraq and elsewhere. Because of that, during that time, there were a lot of calls interrupted from ordinary folks. So that was going on all weekend, and Iraq anticipated that the fills and other coins would be ready to be distributed. Everyone is ready and trained, security is in place, and then what happened?! It’s been quiet in Iraq, and everyone is asking what the heck is going on because it’s Tuesday and nothing has been released. Obviously, the intent is that after it goes through we won’t care about another 48 hour delay, but Iraq is sitting on a bizarre edge because they have done all this stuff.
Security in Iraq: a lot of successful targeted hits, the Iraqi and Kurdish military have been very successful along with special forces. Almost all the ISIL stuff is now based in Syria, where their strongholds are. We don’t get along with Syria and cannot go there to fight ISIL. I think that’s all for Iraq.
Ukraine: for those not following the news, Russia basically invaded Ukraine, and Putin as well as others has raised up the rhetoric quite a bit. Ukraine thinks this is the start of a major war, and it’s a big issue. How does this relate to the RV? The same players are involved: China, US, Russia, other countries. That has been a distraction, a horrible thing for Ukraine but useful for distracting people from Iraq.
UN Security Council are very excited, and they want Iraq to keep doing what they are doing. In the US, the banks are geared up and have done various tests down to the lowest levels. I think that is positive, that they are ready, prepared, etc. This weekend, many folks tested their systems in many different regions and it was fine. UST is on board and supportive of the situation, helping the banks get ready and letting the IMF do what they do. The admin folks are preoccupied with many issues throughout the world, and who can blame them?
There is a set of times given from a little while ago, where they are on a 2-15 pull time, meaning they can pull the trigger across the world. There are very few who know the times. We have passed one set of times, earlier today, and we have three other sets of times imminently. It is extremely close. Can someone try to screw this up? Sure. Are they trying to manipulate this, or convince people it’s the right time because it’s right for them? Sure. These times are to be coordinated between Iraq, turkey and the CBI. The US and China and Britain are trying to convince people of the times they prefer, but everyone else is leaning on them to just let it go.
Tony: Iraq has done everything they needed to do and released the process to the IMF and BIS, right?
DC: And they have accepted that Iraq has changed their deal and sent it out the rest of the world. “We agree again that they are ready to go and we fully support Iraq’s RV efforts.”
Tony: Iraq officially released it to the IMF and BIS, and when they are done, they will release it internationally.
DC: The IMF and BIS got together because they work in conjunction. The IMF is the facilitator, making sure all the paperwork it done and getting past any disagreements. The BIS is the technical side with the computer systems and technical/procesdural notifications. So the BIS and IMF are attached at the hip, they agree and send it to the central banks around the world. I got this from five different sources, that this has been sent out around the world with a BIS/IMF hold. So when they say “This is the time”, that is the 2-15 minute boom throughout the world.
Tony: The plan was for this to be released over the weekend. The banks were notified, and called in all their people. Today was supposed to be the whole works. Everybody was geared up for that process, even security, but…
DC: There was a phone call between a few world leaders saying “Hey, I know we had these four time slots, but because everyone is getting back to work after a long weekend, maybe we should wait…” My understanding is that this was not under-handed but an overt discussion between a few folks. “Everyone knows we are ready, but please could we do it in one of these other spots because of this.” Everyone did understand the reasoning and agreed to concentrate on these three other timelines.
Tony: Three times last week, Iraq told its people publicly that they are about to become rich. They aren’t looking too good by doing this.
DC: Abadi is not a happy man doing this, but he understands most people will get over this pretty quickly, especially because the reasoning is sound over this last minor delay. But they are ready, and Abadi doesn’t want to look like a moron. They are at such a tight timeline now that there are very few ways this can get screwed up. By being open and honest about delays, they are playing a bit more straightforwardly with everyone.
Tony: The Qi cards are international, and being converted at the banks. We know someone who took their card into a bank in US to get their balance, and it transferred over at a rate of $3.71. We know people in Jordan and Turkey doing the same thing at the same rate.
DC: Because they have been waiting for so long, our friends are champing at the bit for this to go through in Europe, Dubai and South America. Those guys are ordering products and putting through investments. All three of them had those transactions go through today, three guys who don’t know each other, in different parts of the world.
Tony: Even though the rate is $3.71 on the card, we have confirmation from four different banks who were offering the same rate as each other, and slightly higher than the 3.71. It is now sitting one level away from the streets. It was on the street level but they turned it off. It was ready, prepared to go this weekend, and we know that by everything that occurred. It just didn’t make it to us. We were that close!
DC: Our understanding is that our part was just not completed, although it is international. They are spending money and everyday people are able to use their cards and bank accounts. It is international, just the US doesn’t have it.
Tony: That should give everyone a clear picture of how close we are. AT a moment’s notice, we are within 2-15 minutes, whenever it happens. I know we are going to get some good questions here…
650 caller: Is the rate live in other countries today?
DC: The big answer is “it depends’. We have folks conducting business outside Iraq with revalued funds, but the everyday Iraqi and the US citizens don’t have access to it yet.
Tony: Hold on. If the everyday Iraqi is in another country, they can use their Qi cards and get access to it, just not walking up and down their own streets.
DC: But they can spend money at the $3.71 in country.
Caller: You expected it to go this weekend, and it seems suspect that it didn’t. Any problems related to it being on Labor Day weekend could have been addressed months ago. Knowing full well what this weekend was like, can you give us some more insight as to how/why this weekend was relevant?
Tony: I need to tell you again why we are here: to get the information and get everyone through this. That’s what TNT dinar is all about. We created “wearethepeople” because we felt we were not being treated fairly, and we wanted to get the same things that the politicians and bankers and their friends+family got. It was never our position to make the government force them to do something they are not ready to do. WE are citizens, we can tell you that there is something going on without getting into trouble ourselves; everyone is hinting that it’s for personal or political reasons, but… I’ve had calls already today to burn it all down, but that is not our reason to make them do the RV but when it does happen is for us to be treated fairly. So we are not going to burn the house down. They made up an excuse, it was plausible, and the other countries allowed it, so…
DC: There are a lot of smart people in that room, and they are thinking the same as we are: “Yeah, right”. They know full well what is going on, and they had these other blocks of time worked out. If it doesn’t cost you that much to let it go to the next time, what is there to gain by saying ‘no’ and smacking the other person in the face? If everyone is playing fair, not doing anything slimy or stupid, then we are fine. If it is slimy or stupid, then we’re done. It was actually smart to give them that to keep the peace, because it didn’t change any of their plans. Because there has been a nice change and positive support, they want to keep that up right at the end.
Tony: They are going to have to make the final decision or say “enough is enough”. We cannot give the details; those five people in the room already know the details, and at some point they will know what they look like to the world.
Caller: I appreciate that truthful answer, but my cheese keeps moving. Are we still under Plan A?
DC: Because they did everything they are doing, yes. I do believe they will execute until Plan A in those tight windows they talked about. I also believe we have pushed past a lot of things people could get hooked on. If you were just trying to screw this up at every turn, there were many things that could have happened in the last ten days. But they played ball and done what they said they would do.
Caller: Is the bank update timing still in play?
Tony: It doesn’t have to be at this time; the system is complete and ready to go on five minutes notices. Everything has been signed and done, and hopefully this is the one last delay. We don’t control it, and I don’t know how long they will let them do this.
DC: My understanding is that the US is still being supportive on the technical and procedural fronts. In the past there was interference, but now they are being supportive. If they were going to do something stupid, they would have done it by now. Actions speak louder than words, and their actions are supportive.
Everything is going ahead, full-fledged. These people have a very full plate in Ukraine, Asia and other places. There are many different reasons to hold on a second.
Caller: Do you have any update on the packages?
DC: Our understanding as of last Thursday is that the group of folks who didn’t want us to talk on the phone afterwards appear to have the day at least for now. We will not be getting the packages ahead of time, and we will get one phone call. How much we will understand about the process beforehand we do not know. But everything could change in 24 hours…
909 caller: I don’t understand about the Zim and dropping six zeros…?
DC: How many zeros will they lop off the notes? We have heard six, seven, eight or nine, all from very credible folks. We understand there are two options for the Zim – either bring it out very high, with six zeros dropped off, or to bring it out in two stages. At the moment we are hearing six zeros.
Next caller: Considering all the various constraints you are operating under, I’ll ask you, Tony, what question you would pose to DC that he CAN answer, that hasn’t been asked so far…
Tony: I have a question he CAN answer, but whether he WILL answer it… If you had a window of time when this will occur, when would that be?
DC: I will be blunt, guys, I don’t know the times they have set. The assumption is that it is extremely tight, otherwise why would you get everyone ramped up like this?
Caller: When you were talking about a 2-15 minute window it could happen, at that point, past the two minute mark, will it go on regardless?
DC: That’s a good question. Our understanding is that they would trigger it. If a country decides they are not ready, they can put a hold on it, but this is so quick in effect, the rest of the world will go and say, “to heck with it.” At this level, they do know that a lot of the stupid moves have been behind the scenes and earlier in the process. So to be a little more positive, by allowing everything to get to this point, you will accept the rate in this timeline.
Tony: Looking at the big picture, many congratulatory letters have gone out. So a delay might be okay, but starting over is not.
DC: Let’s say your friends and other folks have congratulated the country. What happens when the press or historians look back on this, see the timestamp to that letter is Sunday, and then that country says they don’t accept it on Monday. That country would look like a big idiot and I hope no one is that big of an idiot. So again, in a more positive light, everyone is playing ball and doing what they said they would do, and the delay was asked for in an open manner.
Caller: So what did Abadi tell his people?
DC: He told his people that it would be active on Sunday, it’s now Tuesday, and he has egg on his face, but not for very long.
Caller: Thanks, and I hope they allow you to make more post-RV calls!
DC: Everything looks great. We don’t have any timelines apart from the 2-15 minute deal. Everyone is lined up. There have been some politics, but they are behind us and hope to finish this up very quickly.
Tony: There is a window and a timeline out there again, three option left that DC knows of. It will be 2-15 minutes once it is activated. The rates are on the bank screens and it is a higher rate than Iraq. It’s just a matter of when we go. All the other currencies are ready, there are no rate changes there, and the only question is whether we are able to do more calls once it is out the gate. It’s a short week; we can do another call on Thursday if we need to. Enjoy your day!