Replay 805.399.1500, PIN CODE 409029#
Tony: Good morning, TNT! It's Friday, October 10, 2014. Today we have a special, special surprise – and it’s not Pam or DC singing. I’d like to start today with some information. We told you that Adadi’s announcement had a backup date. Before that, please would everyone go to TNTdinar.com, to the home page, and participate where it says “My Dinar Story”. It’s a brand new forum that will only be there for a day or two – and it’s there for you to say what this last three or four years has been for you – how it’s helped you, prepared you for what’s about to happen, it’s the place for you to put YOUR dinar story. We will print these up, box them out and send them to the people who need to know – and part of the file of the history of this even from out perspective. Also, if something goes wrong, unexpectedly, we want you to register your voices. We have downloaded everything from the existing site, and every other site has probably done the same, as a global event that will never happen again. Fifteen years from now, we will be able to say “This is what happened!” That’s why we are doing it.
People can only put in one subject line, one story, but I will leave it up for people to get into the forum if people let me leave it up.
DC: I’m a history buff, but even if you are not, your family members in the future might want to know what you said about the RV. It’s absolutely wonderful and I encourage everyone to put down their stories. I’ve been asking everyone to write down their part and so far this has been very successful in recording this for history. It’s fine to have 180 opposite opinions and all your different perspectives.
Tony: I want to know how it affected you, and it’s also a good time to say Thank you to the people you cannot say Thank you to, like the guys in Washington and all across the county who gave us things to help, plus the people in Iraq and other countries who took part. So say that if you felt that way, or what ever you want to say. Do print out the stories and keep them for posterity, and we will do the same for out database. We don’t need your personal info, but you do need to leave an email address to send you a confirmation. We are not trying to gather your info – the other stuff is part of the form, but you don’t have to fill out those parts if you don’t want to. However, you can personalize it if you want to. It’s easiest if you post a quick reply to post your story – you don’t have to start a new topic. We’re looking for how this has affected your life, our calls, the people who helped us stay involved, those who helped us with the Twitter campaign, how it’s encouraged you, things that have encouraged you or not, the things that have affected your decisions – why you did the right things or not.
DC: East to West as always … In Iraq, everyone is waiting. [Lost the call completely!]
Tony: That was Ray’s fault – he called me even though he knew I was doing the call! Abadi has not made the announcement yet.
DC: They promised he would do it on Thursday, by the 11 o’clock (pm in Iraq) news, and it still has not happened. This has called a lot of frustration, with different prices and different rates on the cards and even different access to the cards. This is causing a lot of frustration, although the television is still running info about the cards and coins and new notes. That is boxing everyone in, which is a wonderful thing. Everyone in the world has been briefed and there is supposed to be a backup time, and Iraq has promised to get it done by the backup time. The rest of the world is more than ready, and those who were delaying things are now pushing for it to be done. They are corralling everyone.
Tony: On Wednesday they said there were two times, and the first one was 11 o’clock last night. They were even scrolling it on the television, that Abadi would make that announcement on the news. We know the backup time and we have not passed that yet. This morning they explained the currency exchange procedures in the mosque again today.
DC: They have been going through those now for a while.
Tony: All over the internet, it’s saying Abadi is now scheduled to make an announcement on the 14th, but we don’t know what that is about, and there is another announcement scheduled in the meantime.
DC: Our understanding is that the backup time is between now and then, and the speech on the 14th will be on a different topic. There is a lot of frustration in Iraq especially now they are past the holidays and back in business. Parliament is meeting and wrapping up the budget, and although the defense minister is seated, we are still not allowed to say his name. He is still cleaning house in the defense ministry.
ISIL: there has been a lot of concern in articles. The town just inside Syria is a concern, because they are trained fighters and there are also battles going on in Anbar province. Those are always hot spots, and there is a lot of tension because people have not engaged them as much as they should. However, that is getting people to lean in to the Iraqi government. There are setbacks, but definitely something the military can deal with.
Oil exports: the price of oil is causing worry for people because it is now 4-5 dollars higher. Our understanding is that this might cause an adjustment to the rate. It’s $3.58 now, but they probably will change that rate due to the change in oil prices – probably a minor change.
Tony: That’s good enough – we are just so close now, who cares? It should be in a interesting weekend. I really don’t think we’ll go to the 14th. Anything about celebrations?
DC: It’s the same thing as before – celebrations are planned/scheduled as soon as this goes on. Nobody is going crazy, but everything is ready for whenever this happens.
Tony: Let’s explain the exchanges that took place from Wednesday to today.
DC: A lot of the folks who did their homework and followed the rules were able exchange on the 1-3. October. They went to the bank, asked for some cash, and got the lower denominations. That’s what’s been going on. Some have been using them, some have been oholding off because of the holiday. Some who are later in this game have finally got their cards and now they have to learn the rules – that’s why it took 8-9 days to get this done. They expected it to take over a month to identify people and give out new cards. Depending on the region and group, some are allowed full access to the cards, and some have had access only to a portion of what is in their accounts. For safety reasons, some won’t have access until Monday. They have to watch out of criminal and tribal issues.
Tony: Today in the mosques, we do know that people are frustrated and they are tired of hearing about it when they thought it would already happen. Intelligence guys are saying “You slowed this down too far, and now it’s approaching stall speed” – there is about to be a real issue on the streets. A lot of people are now saying “Get this done” because there is starting to be a negative reaction from the people. With fighting on the ground, this kind of frustration is the last thing they need. So even though people are saying “the 14th”, I also told you that I believe in ‘weekend parties’… so…
DC: In the USA, everyone is ready for this to be done. IMF and BIS are keeping everyone calm to the last minute – thank you for that. US banks are ready – most have skeleton crews to pull everyone in on 30 minute notice. UST is ready to go, and there’s not much left to do here. There are ceremonial meetings set up, but security and prep are all done.
Tony: Nothing much more to say. It’s done. Everyone is in their seat, and if there are not, they are on standby. So let’s talk to some people.
212 caller: [Appreciation] We have been here before, and I hate to infringe on your optimism. DC said you know about 60% of what’s going on, and I was wondering what is in the 40% that might be contrary to the 60%? [I do not believe this woman – she always has to be negative, and she is wasting the time of everyone on the call.]
Tony; The 40% is what we don’t know – so we don’t know. I have knowledge fo the plan, and it makes sense for me for this to happen over the weekend, and it makes sense to me. They do what makes sense to them, but this is the best I’ve heard for this to go through and for the banks to be on a level playing field. The plan makes sense, and the frustration is pushing this forward as this overflows into the street. Someone took out the match and they are about to strike, and then it will be out of control – nobody wants that. As DC says, everyone is pushing it forward, so why isn’t it here?
DC: I have never claimed to know everything – even the top leaders don’t understand the full complexity of what is going on. No one knows the entire thing, and anyone who says they do is lying to you. So, 60% is about right. Most of the major players who WERE trying to slow this down are now supporting it, certainly all the ones I know, or know about. Those who had personal or political reasons to block this are now pushing it along; even the most cynical guy out there is now trying to help this along.
Tony: And hopefully the timeline we are aware of is now correct.
Caller: You alluded the slow rollout in Iraq, and that there might be changes in the US rollout, with possible changes in the procedures. What does that look like to you? Will that delay the time we RV? [more of the same negative crap]
DC: A lot of folks have these same questions, and they are all legitmate. AS we understand the process right, it has changed dozens of times, and it changes constantly. Sometimes they are minor changes, other times it’s major – we want Tonu and DC to explain, no they’re horrible people, etc. We have explained the shotgun approach – pull the trigger, and everyone goes at the same time. That’s one option. In order to control security and solve some of the anxiety and logistical issues moving this much money through the system, we think they will now divide up the 5-6 million people into groups. The first will be the money groups and the information groups like us. We will go through with a 800 number. We are the ones who will have a chance at the contract rate – not guaranteed, but a fighting chance. They have to do that because of the folks who were paid ahead of time. “You cannot offer these high rates to VIPS and family memberes without offering them to the public”.
Tony: That is where #wearethepeople was born and that really did make a difference.
DC: Huge. We will have an 800 number, we will do a farewell call, there will be a website, pamphlet or whatever, and you will go to the bank. They think that will take about 72 hours. Then the remaining dinarians who are not paying attention, we will call them afterwards, and they will be put in a priority queue. That will be the next, say, half million. Then they will shut down the exchange and call centers, and simply state anyone else can go to the bank and exchange at international rates, just like bringing any other currency back from your holiday.
Tony: The rate is going down today because the price of oil went down. That’s what they are doing today. The reason this plan is put together and it makes sense, is that if you go through the numbers of those who have more than ten million dinar to those with 100K or less…
DC: The process makes sense when you understand how many people they expect. Those with over 10 million dinar – a few thousand. Five to ten million, another few thousand. The average person only has one 25 thousand dinar, and most paying attention to this only has 100K. So a person with four 25K bills doesn’t take long compared with the complications of those with five to ten million dinar. For most, this is just a high-value exchange process, as if you won a bunch of money in a casino overseas. The vast majority have just received gifts or invested minimally because most people cannot pull out a few thousand to make a larger exchange with such a risky situation.
Tony: So now you know the process, doesn’t it make sense that they want to exchange those with more currency while they can keep the rates stable, over the weekend? Even with us telling you that it might want to wait for the next round.
DC: Some people don’t want us to help you more because they don’t like us and don’t believe we cut them a fair deal, especially when we called them out over the winter when we had the Twitter campaign. Others want us to use our authority to talk to a lot of people at the same time. So they asked us to help, and of course we agreed because we have the audience and trust already built us – as well as several other gurus. There were five that we know who were requested to this, and that made sense. Then the guys who don’t like us said they shouldn’t do have us do that, and the bank attorneys got nervous that we would obligate the banks to do things they weren’t comfortable with. That has gone back and forth many times, and as we understand it right now, we are just going to release the 800 numbers.
Tony: I know some other reasons, but…
404 caller [yet again]: Is the change of oil prices going to have an impact on the whole region?
DC: Sure. Anything that bases their budget on oil has to adjust their budgets according to the price of oil because that is the key point of their economies.
Tony: It probably won’t be a big adjustment. The 2% per quarter is the maximum IRAQ can change its rate per quarter AFTER the RV.
Caller: I was wondering if they could lower our rate or delay the RV because of this.
Tony: Whatever the rate, when it hits Forex, they will all get in and it’s going to take a ride. That is not something Iraq can control.
Caller: Do we have any idea what the contract rate will be – is it close to what they exchanged with earlier this year?
DC: It has to be pretty darn close. The way it was described is that it has to be close enough that nobody will argue about it.
Caller: I heard a rumour that the leader of ISIL group was killed.
DC: They have had that guy and some others that have been killed. They are continuing to nail the leadership AND the finances of ISIL – that’s classic military strategy. The street fighting is messier and always take longer. The faster you cut off the head, the faster it is finished.
Caller: Was Abadi asked to delay his speech?
DC: We don’t know. The US didn’t ask for that; even the most cynical guys are now saying “Let’s go; get this done!” There is now an agreed timeline that the RV is going before the GCR. If this happens – which is where my money’s on – the RV goes without the other currencies, the then everyone else will adjust within 24-18 hours. It will cause a minor ripple throughout the world when the other five adjust (during the GCR).
Tony: So when is the best time for that to happen?
Caller: Should be a great weekend!
303 caller: I’m troubled like the first lady, because although I respect your guys completely, others are making a good case for the end of the year or next year. The $3.58 rate on the cards, it was alleged that was used to pay long overdue bills and has nothing to do with the RV.
DC: Sure, it’s all past-due stuff, but it absolutely to do with the RV, because they didn’t have any other way to pay all that – they had to revalue.
Tony: It would cost them a lot less to pay with the old rates. Why would they tell them in public and on television that they would pay them, back-dated, at the new rate. Why would they get their people riled up over false promises when you have a brand-new government that promised to do this the right way? Who does that make sense to?
Caller: [more of the same] Does the conversion to the TRN have antying to do with the RV?
DC: Not so far as I know.
Caller: What is Plan A vs Plan B, and where are we now?
DC: Plan B was to keep the US from doing something stupid, but the US got in line, and for that we are very thankful. The other countries said, “We don’t trust you, USA, and we have another country lined up to take the steps if you do not.” The US waited for the very last minute, and authority went to Iraq. However, the US asked for a few little things they have been wanting to do for months, and Iraq reluctantly agreed, and then there was arguing about who needed to be seated, and then some very cautious bureaucrats wanted to be super-careful, and here we are on 10. October. In the same way, the budget would be nice but not critical to the RV. The rates and construction money have been in the budget since 2010.
Caller: God bless, and may fortune smile on all of us!
832 caller: [Appreciation] Never got on before. Here’s what I am going to do: I have a company for water purification, which is a patent nightmare. We are going to relaunch the technology and create a lot of great jobs!
Tony/DC: That’s wonderful!
Caller: I did buy some reserves on dinar and dong; how quickly should I cash them to get the contract rates? Should I cash out a 25K note and get on the plane to Miami?
DC: As fast as possible. We don’t know how big the pools are, nor the exact caps.
609 caller: You mentioned there was a back date – can you give that information?
Tony: Between now and Tuesday the 14th, but there is something else happening over the weekend. I believe it might go before then, but DC knows…
DC: I believe it will happen before then.
503 caller: First time I’ve been on in a year of listening. [Appreciation] I have currencies on layaway; is there going to be any difference between a layaway and reserves?
DC: We’ve talked about this in the past, and we believe that your reserves/layaways that they will be under scrutiny about timing, being paid up to date, etc., so make sure you can prove when you set it up and that it has been paid for all along.
Caller: There has also been talk about NIBs; is that still critical?
DC: There was concern during the Cyprus crisis but these days I think we don’t have anything to worry about. I will put mine in a number of accounts, but because of security, not bank stability. Also, we were told to keep dinar separate because of tax implications. But you can certainly put your dinar in an interest-bearing account.
Tony: I’m going to have my money make money! Also, if the bank is getting trillions of dollars every day, I’m not concerned with the banks going under. Also, with Sterling, you can use your reserves to pay off your reserves, so it is not double-dipping.
Caller: We are all watching gold, silver, oil going down and dollars going up… any opinion?
DC: I think the price of oil is primarily because of inflationary fears especially in Germany, Europe’s biggest economy. I think gold/silver has been a little overpriced, and they are hard to store, so some people are getting rid of it. Also, there are fears of the world economy going into recession, and there is less oil consumption; when consumption goes up, prices will too.
Caller: I would love to hear Tony ask people to put down their hands twice a week, because we hear the same people over and over. Once a week would be ample for the return callers! Blessing to you all!
Tony: Pam has something she needs to do, so we’re going to cut this call short. It’s Friday, and she wants to do her exchange… <joking> Ray? [cannot hear Ray at all]
Ray: My son got an award at the Great Lakes Naval Base… I’m having a great day, and I’m teaching a class in Chicago tomorrow.
DC: Congratulations! Iraq is very prepared afte ra very slow roll out. We are waiting for Abadi to say it’s completed, and we were promised that would happen very soon. Remain flexible, because we expect changes any minute, but I’m excited and expecting this will be done very quickly. Do write down your RV story so that it can be part of the archives along with world leaders on the new part of the www.tntdinar.com website.
Pam: Congratulations to Ray, who is a very great man, and to his son. Click My Dinar Story, which will only be up for a few days; tell us your story, your whole story – how you got into it, why you stayed and how you helped others, and what you intend to do with hit.
Tony: That’s what we want: what you would want to say if you were sitting in front of the President or Vice President if you were sitting in front of them, or the people who put this together, who put their own careers and families in jeopardy to bring in the information and all the rest. We will download it and send this to certain people.
We passed the first time for the announcement and we have been promised they will keep to the second time. The 14thcould be the time this is announced to the other 4.5 million people. If you look at the process, it makes sense for this to be done calmly over the weekend, without all the chaos of the shotgun approach. I do hope I can do another call later today or tomorrow. Enjoy the rest of your day!