Replay 805.399.1500, PIN CODE 409029#
Tony: Good morning, TNT! It's Monday, October 13, 2014. Once again, I never thought we’d be here today, but here we are. We have a lot to talk about. I’ll give you the information first, so that people at work can go to work, then we’ll discuss what makes sense about the information.
This was supposed to go down on Saturday, and there was a ‘system interruption’ that stopped it from going – maybe that was Friday night. It should have gone over the weekend including celebrations, and there was a formal request for a couple more days… again. Everything we are hearing is that it is completed and ready to go; everything is done. Fox news came out with a report on Saturday saying “Iraq officials: PM has completed cabinet with defense and interior ministers, final with names”, and those are the names we were given over a month ago. We told you then, and now it is settled and public. HCL has also been announced formally; the Kurds wanted 17% and Abadi has agreed. That has been settled for over a month and now it is out in public. Those weren’t supposed to be announced until the actual RV and GCR is here.
I got the following this morning: “Any time after the 14th, but there are bills due on the 15th and people want their money.” On Iraqi television, it says that Iraq is about to enter the world in international banking – it was supposed to happen last Thursday and then Saturday, and for sure by the 14th, which it tomorrow. “Previously we were told that voting on all matters would be completed on Sunday with formal announcement on the 14th; they are not going to make that deadline. Everything should be finished up between 14th and the 24th” according to what some people in other countries are being told. That is not what I am being told.
Iraqi papers reported Kurds are on board 10%; that is in their newspapers this morning. More lower denominations are being put out, but they are pretty worthless until they have a full RI. They have put them out to convince people that full RI is around the corner, and they want people to be prepared. They do have the new rate on their cards. The rumours about Abadi being ill are unfounded. Due to his ‘illness’, Abadi will not be able to make his announcements on 14th. Right. Funny how he knew he would be ill just at that time.
People are told there is NOT a delay until the midterm elections. The worst date we have heard is the 24th date, and there are too many things being done to wait until the 24th. That doesn’t make sense to me.
Let’s talk about something that I’ve heard that bothered many at the weekend: that the dinar would be coming out at 86 cents. They have already loaded their cards at $3,58, so that doesn’t make sense. They had some exchanges here in the US at $3.71! So 86 cents doesn’t make sense. I didn’t expect it because of what the market did – oil went down, so they might take it down a little bit, but not down to a dollar. If it did, 30,000 people on this call KNOW that the rate in Iraq is already $3,.50+. Everyone would buy all the dinars they could because they already know it’s at $3.50 or more! If it came out at $1, I’d rush out and exchange every dinar I could, put it all into dinar reserves, and KNOW that I’d be able to exchange at more than three dollars, and I’d be on Forbes Top Ten in ten minutes. We would all be multi-millionaires in 72 hours! That’s what I would do if it came out at a dollar. These guys are smart enough to know that, and there are a lot of people smarter than I am who would do the same.
Two other things: We saw an article about Abadi who complained about eight BILLION dollars missing from Maliki’s term in office. He will find out who was involved in that. In the Sunday newspaper, Stuart Boeing was in charge of tracking down the 12-14 billion dollars sent to Iraq that disappeared. He found a billion of it in a bunker in Lebanon! He knows right where it is, and OUR government wouldn’t let him get it back from that bunker. That’s in the newspaper for the whole world to see. He is questioning – he got charged with finding this money, and he turned it over to the FBI and CIA, and he was told it was off-limits!
Another article said that our future as investors is in 3-D printing in The Parade. There was a girl born with a deformed arm. They didn’t want to give her a prosthetic because it would cost $60,000 every eight months. They used a desktop 3-D printer to make her an arm at a cost of $2,000. They can do that as often as needed, and that is what 3-D printing will do for us. They are already doing heart valves. Every aspect of our life will be affected by E-D printing. That will cut the costs of every industry, and you can do that in your office or garage… think how the world is about to change! The opportunity is there for entrepreneurs for the technology and for what you can create with those printers – what can be mass-produced from your own printer.
That’s the news, we’re here, we’re still looking for this at any time. It’s not a system, minister or HCL issue. It’s something else, but we don’t’ have to wait for the Budget to be approved or anything like that. HCL has now been formally agreed, and I told you a month ago that when the RV is ready we will see all these agreements pop up. We are just waiting for activation which should have been this weekend… but here we still are.