Replay 805.399.1500, PIN CODE 409029#
Tony: Good morning, TNT! Today is Friday, November 14, 2014. DC, how are you doing? Pam, Ray – everybody’s good? We have great information, to tell you the truth. Last night I know everyone hated hearing what I’m about to tell you now. We got some information from certain people, and man, Tony’s going to look like a prophet! I say that because it’s the weekend!
DC: There is a bunch of stuff being passed by the Iraqi Parliament; they are leaning in every day more and more to solve the issue. HCL was confirmed with a few tweaks and everyone is relieved that will not be contentious. They are making good progress with ISIL, with their soldiers starting to melt away. There are quite a few putting down their arms and getting back to normal society. This is making ISIL more nervous and maybe a little more fanatical, trying to keep people onboard and working with them and also cornered people can be stupid. They told people in the mosques to get ready for change any moment.
The banks are moving money around and doing dress rehearsals for the weekend.
Tony: HCL was announced in the paper and ABadi even sent congratulations. In Iraq, they are being told that on Saturday, all Qi cards will be loaded with the same rate. They ‘ve been told that before, but it might actually happen because everyone is in agreement. Celebrations are scheduled for Saturday as well.
DC: That’s right, they are preparing.
Tony: It’s looking like a great weekend. Even though we’ve heard that before, this time is a little bit different – Tony might look like a prophet this time. Everyone over there is excited and ready. Oh! There is one thing – coins are now being issued to the citizens, not the banks.
DC: They are doing a big distribution push for Saturday. In the USA, the UN is quite upset this has not gone through, and there are issues of the provinces going bankrupt if this doesn’t happen, so the UN is pushing in an major way now. It’s applying pressure on the situation. Before, Iraq couldn’t talk about the US doing this, but now the provinces are going bankrupt, and that is applying pressure on the US. In Washington, BIS+IMF are coordinating timing; most leaders are at the G20 meeting, but there are plenty of competent people here. Is the US playing ball or not? We hear that te UST and administration are preparing the banks for this weekend, and we are happy to see that. The bosses are at G20, and they would like to slap each other on the back for the RV happening – it’s not a driving factor, but very nice to have.
Banks across the world and specifically in the US who have said they won’t do it until it goes public have pulled their people in, anticipating the general release to the public. Exchanges are still going on, with cash receipts, not just SKRs. We’ve heard this before, and I think this is kind of different because many banks are being extremely cautious after being misled in the past, and they are now participating and bringing their people in to the right locations. We are at the one yard line, ready to score.
Tony: Security hasn’t been in for weeks or months, and full security has been scheduled for this weekend. Last Monday, banks were advised that they would be exchanging over this weekend. Tier 2 banks have also been notified and are willing to participate this weekend.
DC: We are being cautious, because we have been on this edge and they have been exchanging people for two weeks. We have to be expectant this will work out. I am personally optimistic, but we have been on this brink before, so I’m cautious, too.
Tony: That’s right. Even though everyone is excited and ready to go, and everyone is in agreement, they are still living and breathing and they could still screw it up. Also, with the negative things going on in Iraq, let’s hope that will be a reason to let this go.
One of the main things that has been stressed to us is for you to use the words, “I am here to exchange some foreign currency”. If you say something other than that, they have no choice but to treat it differently. There are people from multiple agencies who will be observing and reacting to what you say – not what you intend.
DC: We have received 7-8 confirmations that various agencies will be in the banks to confirm that they will do what you SAY. That is being taken very seriously. So ONLY say you are there to exchange.
Tony: A bunch of you will have wealth managers and be treated differently than average customers. They are there to help you, and the more money you have the easier they will want to make your life, from buying homes to flights to concert tickets. Whether you exchange at the bank or wire the money in, the wealth manager is there to give you that perks, so ask them for it. Interview that person, and know that s/he can do the things that YOU want, not that s/he wants. Make sure it’s your agenda – they will make money either way, on interest every day. They are there to advise you, but it’s your decision because it’s your money. So we need to focus on diversification. It’s absolutely better not to put all your money in one basket, industry or bank. I intend to split my money between four banks, and I’ll tell them so because I want to see who does the best job before consolidation. We may not be able to talk about these things afterwards, so we are talking about them today.
Large purchases: don’t tell people you are paying cash. Wealth managers will want to negotiate for you, and they may well get a better rate for you. Ask them what they can do for you, so at least you know before you try to do it on your own. They work for the bank, and the bank gets fees off these services. I’m okay with that, if they can do something that I can’t do on my own! If they save me 10,000 and charge 1,000 for that, I’m okay with that. If you are not used to high-dollar purchases, they can possibly do it better.
DC: Be realistic with yourself: go slowly, take your time making any large purchases. Calm down and let everyone else calm down first, because you are not going to think straight under that first excitement. However, be cautious as well, in case they are just racking up fees for their services.
Tony: On www.tntdinar.com under “Tony Blasts” Pam has posted about 40 items that you can talk to the private banker in terms of bank perks. This is also a good time to review the ten things you need to do first. Everyone’s list will be different. If you are making gifts, arrange those now and explain how to exchange, because you cannot do that after you’ve signed an NDA. Look at other people’s lists and compile your own list of the first Ten Things you need to do as soon as you get that Tony tweet with the numbers!
209 caller: I sent you a message regarding the 3-D printer trade show in Burbank CA in January. That’s diversification right there!
Tony: There are definitely some hidden jewels in that industry that will allow you to diversify and provide a legacy for your family. I didn’t get your message, but I will be at the show anyway!
Caller: DC, we continue to hear about those blessed to exchanges now. How long can Iraq go without value to their currency.
DC: They have been expecting this to go for so long that there are now serious funding and bankruptcy issues with government, police services, etc., now. They are saying “You have to stop screwing around here; real people are being hurt here.” That is applying a lot of pressure to get this done.
Caller: We’ve been told our time at the bank is limited – how do we go over all these points if we only have 20 minutes?
DC: It’s cattle in the chute, in and out. The wealth managers are supposed to contact you about fees and investment strategies for the future, with in 72 hours. I think it might take a little longer, but they will make a valiant attempt to explain why their banks are the best. These are supposed to be partnerships, and you can tweak the terms a little bit. The wealth managers will have authority to do that.
Tony: With that wealth manager in subsequent appointments, that is the time to adjust fees and such. Any dates for our events?
DC: No updates on that yet.
Tony: I want to thank you all again for all the letters from the banks and Congress people, your personal letters and stories. I’ve read every one. Thanks for the paintings and the cigars, too. I really appreciate all the donations to the site as well. I keep thinking every Wednesday this will be done, because I listen to DC, too! I think the weekend plan is a good plan, and I just stretch out the bills as long as I can. We look at every part of the plan that we can, and even though we don’t share all of it with you, we do look at the whole picture and try to share as much as we can because we cannot after the NDAs. Please pay attention and ask pertinent questions, because you may this information sooner than you think!
Hmm, someone from the 916 area has invited me to Morton’s for dinner tonight. I’ll have to clear that with my wife…
916 caller: I’m in the same area, so I can invite you out tomorrow night for the best Italian food you can get!
Tony: I love Italian food – and my wife loves pasta!
Caller: Bring her with you! By the way, please don’t call me “ma’am”.
DC: That’s been said before, but I called my grandmother and the military to call everyone “ma’am” and I can’t NOT do it!
Caller: Is there someone in the administration holding this back until January to force their agenda before the Republicans take over the Senate?
DC: It’s possible, but there isn’t much to be gained by doing so. They might hang the pipeline it over someone’s head, but it’s unlikely because the Republicans and Democrats both want to claim this on their watch, so there is pressure to get this done.
Caller: I was in the Air Force and I’m 100% disabled; since last fall I’ve donated $750 to the site because what would I do without your information? I am not on the forum, so I would appreciate it if you would ask Pam to let me on to beef up the military presence.
Tony: Thank you for that. I will definitely talk to Pam about that. I don’t track specific individuals, but we can definitely have dinner – I think you deserve that. I should buy!
650 caller: What’s the smallest coin that is being distributed tomorrow?
Tony/DC: All of them. The smallest is one fil, like a penny.
Caller: When is the most logical time for this to be released – 2am? After banks close?
DC: Simple question, convoluted answer. A lot of bankers and finance gurus would prefer 2-5am because it’s Iraq’s morning (10am mosque), Asia is still going, and Europe is just waking up. The original plan was designed for announcements at the 10am mosque. Some folks prefer 9am EST, just as the banks open, some want it at noon when the West Coast banks open, etc. Everyone has their own agenda that they are pushing. Given all the changes and immense complication, and the exchanges left and right, they don’t really need a particular time. It would only take two minutes to push it to all the computer systems. Iraq doesn’t care – they are saying to do it already and they will work it out. Most in the dinar world see the weekend as starting when the West Coast banks close on Friday. From 10pm Friday until 9pm Sunday is when most international transactions take place, so…
Next caller: If the dong is in the first basket, will it have a contract rate?
DC: We don’t know for sure dong will be in the first basket, but rumors stats that it will be the same rate for everyone.
559 caller: I’m super-fantastic! I’m Italian, Tony, and I have a post of spaghetti sauce on the stove, plus I make an awesome cheesecake. You have answered my questions and I’m looking forward to the 800 numbers. I opened a new account for my son, and I asked if they sell foreign currency. I asked if they had a Delarue machine, and they had never heard of that. But the lady helping me said that she had dinar (which I never mentioned). She said a friend in Washington told her about it a year ago, and the bank would not let her buy or exchange it at her own bank, where she worked for 17 years. She is going to another bank to exchange; her wealth manager still says it’s a scam. She said, “I don’t care what the rate is, I know it’s going any time now, and I just want to prove that guy wrong!” She’s waiting for the call from her friend telling her to exchange.
Tony: We get info from bank people. The staff were trained nine months ago, and they were directed not to say anything. They longer they drag it out, the more employees and others will hear about it. Hopefully it will be over this weekend. Great story – thank you!
313 caller: Did I hear you say the dong isn’t in the first basket?
DC: We don’t know. Right now we hear it is, but have heard rumblings it is not. It must follow closely behind to stop double dippers, etc. We’ve heard RV first and GCR a few days later, or alternatively that they may push the GCR further off – maybe 30 days for the dinar to adjust. They have to make adjustments, and they always wanted some time between the dinar and the rest of the currencies changing, but because of double-dipping and ease of management, they have been reconsidering that. That’s all I know right now.
786 caller: Good morning! DC, on Wednesday you reported exchanges at some banks in Florida. I have a contact at one of the top four banks, up to regional VP in Florida, and one goes even high. They are reporting NO exchanges in Florida. What department do I need to contact?
DC: Our understanding that only select wealth managers are able to put people on lists. The WMs won’t admit to this because they will get in trouble, so how do you get to them? It’s all compartmentalized. You have to ask around quietly without getting people into trouble. They are keeping these lists very close, because some of these WM handling major players who don’t know anything about this. They are scaring them so much they don’t feel they can ask. You need a special relationship with someone you can just lean over and whisper to.
Tony: We have a whole city with only five WMS who are trained in this, and they are not going to risk their jobs for some person who just calls up. Some don’t even know how the exchanges are funded. They are just doing payouts, and they have kept those people separate to keep this confidential. Three Regional VPs have not been able to put me on their lists! There are at least six different codes, and it’s hard to get on that list. They are telling their WMs to just bring in the people they know and have been talking to, not total strangers.
DC: Again, don’t call the banks and ask – they don’t have an answer.
Tony: They will call it it a scan. We KNOW people who have exchanged, we know the rates and the numbers that have been exchanged – or at least what the banks say.
602 caller: God forbid this doesn’t happen this weekend – what is the impact on the Iraqi people and the contractors who are working over there? Isn’t it dangerous for them?
DC: Yes, it’s becoming dangerous and complicated, and businesses/people are suffering greatly. The Iraqi people are saying “this is what is happening to us personally” and their frustration level is very high that foreigners are holding up their currency. On the one side they are saying, “this is their currency and we need to let it go” and the other side says, “we are just being cautious.” The stress and strain is enormous and they need to just let this go.
Caller; We know only a few are holding this up… with our military over there… [can’t hear]
Tony: She’s right – as many problems as we are having over here, with people losing houses and cars, our worst-case scenario is better than what they are going through over there, with no shelter, water, electricity, and wondering if they will see the next sunrise. All that could be changed by the revaluation of their currency, with people putting down their guns and buying beds and groceries – that would change the rest of their lives. When I hear about problems here, I think about how much worse they are feeling, knowing this should have already happened, and finding out not even their own government but someone else is putting them through all this!
314 caller: A great American said last year “Give us something”… that was Tony. By the end of last December, over 100,000 politicians and their friends had exchanged. In January it really got ugly. We went to Twitter and it changed because we went public. All the time since, you’ve been there keeping us informed and you were there for us three days a week even when your mother died. People have now been exchanging since 15. October, at a lower level, but still exchanging. At this point, if this doesn’t come by Monday, give us SOEMTHING – even it’s only $3 for the internet group. We could go in, exchange, sign an NDA so there is no double-dipping. Just give us a chance! Talke to the people in charge, get people through, make it simple, exchange dinar only, and then we can get things flowing before the big guns come up.
Tony: I can send that message to the powers that be. We have been going through this for the last few weeks, because we know some of the people being exchanged and some of the lists being used, and the rate they are getting exchanged at. Some are definitely defying authority making sure we have that information in case we have to use it. That rate is still there for us – the contract rate will still be available for some of us. The rate will rise and fall and give greater opportunities. The only question is why aren’t we there yet? Our understanding is that time is right now. We’ll have to see what happens this weekend, but we hear that time is now.
Caller: I was talking to the powers that be, give us through in two weeks, give us the option, the contract rate, give people a chance. [Going over the same points again.]
Tony: DC and I talk to people every day, we pass along the information from you guys and they know the frustration and the pressure Iraq is putting on, and also what we can do in the public eye. They don’t want that to happen. They are talking to people and questioning why this is still being held up. Believe me, they will hear this call. At this moment, I think this is happening – not 100% sure. But it can’t go on like this forever. We have to go through the weekend and see how it turns out.
407 caller: I have one question. I understand there will be an exchange in our area, but I thought that if you hadn’t been resident six months, you couldn’t exchange there.
Tony: No, that was being in the country. So long as you have resided in the US for six months or longer (with appropriate ID), you can exchange anywhere in the US.
443 caller: I understand what the previous caller was saying, but let me just say that my best friend got me involved in this. I’ve been here for over five years, and it’s been “Mr. Froggy’s Wild Ride” for all of us. My friend called me, and he was more than excited because he was exchanging yesterday! I don’t think we should sell ourselves short; my friend said what he was getting for dong and dinar, and it was more than the earlier called was ready to settle for. Let’s not shoot ourselves in the foot on rates. This is happening, and I am so happy for my friend. I’m not going to be happy if one person is not given the same advantage the VIPs got last winter. That would not be fair.
Tony: Wait a minute. There is a bunch of rates out there from 15 cents on up. Some people will be miserable when they see the international rate is over $3. If you can get your money and are willing to live with those lower rates, then fine. I wouldn’t settle for it. But initially people were ecstatic at the idea of 10 cents on the dinar. But when people saw the elite getting so much more, they didn’t understand that why they should be separated. But the main thing is to make sure you have a plan, because they are planning on your being broke in two years!
So your friend got called in yesterday; they told him the location, person to see and the rate? Is that true?
Caller: yes, and the rate he got for the dong was more than the earlier gentleman said he would settle for with the dinar!
Tony: If your friend someone important? What makes him different so that he got called in? Is he a movie star, a CEO, a politician?
Caller: He’s retired, and he was the VP of a company. He’s nobody important! [laughter]
DC: Like us – they are not holding the doors open for us, they are holding them shut!
Caller: He used to be my boss, and is far from being in the elite. He exchanged yester-day in Pennsylvania. That is, he’s from Pennsylvania, two hours from the next state.
Tony: So he’s an ordinary citizen who exchanged with the contract rate.
DC: We are very happy for him and expect to hear 50,000 more stories like that.
Caller: He’s closer than a brother to me, and he’s solid; that’s why I am so happy. Yes, he exchanged at one of the major banks.
Tony: DC, we know the major banks are bringing in people today and tomorrow. The really good news today is that tier 2 banks are preparing to exchange as well.
908 caller: I’m calling from Chapel Hill, with a question for DC today. [Appreciation] DC, you mentioned something about the dong possible not being in the first basket, so it’s great to hear that the gentleman was able to exchange his dong. Is there a window?
DC: If I were a betting man, I’d put money on it going at the same time. If not, it could take anything from a few days to 30 days. Zim could take a lot longer, if it’s not in the first basket. Yes, you can talk to anybody until you sign an NDA. Just say you are coming into a certain amount of money and what do you think I should do with it?
Caller: Mr. Prophet, there was a tweet with your name on it, including the rates and the time you thought it would go down. It came through ‘dinar investment tnt dinar’.
Tony: All my tweets come through “TNTdinar” or @THE_TNT_TEAM. There are idiots out there who try to mimic our tweets, the same one who puts out 800 numbers. There are ignorant people doing these things because they are frustrated, can’t figure out the plan, or don’t want you to be aware when it does happen. There is nothing we can do about it – I didn’t even see that tweet. When I do it, you’ll be able to see it on the forum and the boards, on a genuine tweet and every other way we can send it out. I would not put a time stamp on it, because they have asked us not to put that out and cause a panic. That makes sense. I guarantee that whoever sent that out, they are on this call. Much as they hate the information and insult DC and myself, they never miss a call.
DC: That’s what I understand – why listen to someone you hate? That doesn’t make sense to me. Their life must be so worthless they don’t have anything better to do.
Caller: How long after your tweet will we have to call and get to the exchange centers?
Tony: I’ve always been told they want people in the bank within two hours of this going live. Obviously that’s not going to happen at 2am. They don’t want lines at the bank. My plan is that as soon as I find out it’s live, I will tweet it out and immediately have a call – on my own. Since that time, we have been asked to help in the process, explain the NDA and contract, and how it will all work, to make the process smoother. I agreed, and so I have to leave my personal opinions out.
DC: We understand that there is option A and option B. Under option A, Tony will tweet out the number and instructions. They will then walk you through the process. Option B says that we will talk for up to two hours per day for 7-14 days to help people relieve the anxiety. At the moment, we believe that we will be asked to make those information calls and remind you what to take to the bank and what to expect. We will get to look at issues that come up, with a bank person to help educate people through the process.
Tony: We are flying by the seat of our pants until we find out how they want us help with the process. If they don’t want our help, that is a different matter. DC, if we can only exchange dinar, how will find out when the dong can be exchanged?
DC: You and I will have signed our NDAs so I hope that some altruistic person will send the information out. If you tell your wealth manager or private banker that you have dong, they should tell you when you can come in again because they want your further business. I saw one person charging $400 to get people to the front of the line, etc. Once you have exchanged your dinar, you will be wealthy, and you can ask your wealth manager to call you when the other currencies come up on his system. If they say they changed the rules and you have to be a qualified investor, get together with a group of people and become qualified together. That’s what your wealth manager is there for, to help you figure out how to make more money (that they can handle for you). There are people whose job is to manage your money, so put them to work!
610 caller: This is my first time on the call! I got my PhD in the IQD in the last year or so, thanks to Tony and DC and the TNT team – mods, transcribers and all. [Appreciation] Pam, fi you can give my number to that Air Force vet, I’d like to hook up with her and help out with the Wounded Warriors and whatever she requires to do what she needs to do. I’m in Philadelphia, so I’m excited about that gentleman earlier whose friend exchanged. I have one question: what are you going to do for your wives?
DC: Good question! We’re going to do the Twelve Days of Christmas with some dream stuff, and also there are some charities we look to forward to helping.
Tony: That vet you want to connect with is the one who gave the $750, right? I have your number and will give it to her. As for my wife, I’m going to do the greatest thing a man can do for his wife, and stay married to her! [laughter]
901 caller: Please give Pam my phone number, please? I got banned and I don’t know why. My name on the boards is SSmith. and I’m now having withdrawal symptoms. Also… if they are trying to get us through quickly, wouldn’t it be best to wait instead of jumping on board? With the cheese?
DC: I want to get in and get out.
Tony: You have to know who you are and what you are able to do in terms of taking risks. I am a ‘no guts, no glory’ individual, and I do investments that way. I know the international rate will probably come out at $3.50. Shabibi said a few years ago that Iraq can sustain a rate of $15 or so. Iraq is supposed to be the foundation of the GCR and just about every country will use it as a reserve currency to increase their wealth. In the US, only about five million think this is really real. The big hedge funds and investors haven’t even put their money in this. So I know that it will be greater later, once they do get hold of this RV. So it suits me to wait and see the international or market go up. I know an exchanger who will lock in that rate for later. Even if it takes 30 days for it to get to that rate, so be it. Those are all options you have decide on, and if you are willing to even gamble, because it is a gamble. From my view, people can make a lot more money than they’ll make with the exchange. But it depends on whether that suits your personal-ity and risk profile. I have friends who will take the lower rate, and they think I’m crazy.
Caller: I heard the government will shut down the exchangers at the airport. Is that still the case? What do I do with my reserves?!
Tony: Did I say that? I don’t know that 100%. Some people think there is an evil group who want the banks to handle the whole thing. I don’t know if they can, though.
Caller: What would you do if they shut down and I have reserves?
Tony: Even if they could shut it down, they won’t in 30 days. Also, those exchangers have other currencies. I like exchangers because I believe in competition with the banks. The dinar will probably rise and fall in those 30 days. If I were to call the bank and say “I want to exchange 100K at the international rate” and I get $3.50. I would follow the rate at the exchange company I like, and follow the rate until it reaches the rate I decided I want, not that someone else decided to give me. That’s what I would do.
DC, do you suppose I just said that wrong? I shouldn’t have said that – it was more of an inside joke.
254 caller: Several weeks ago, you talked about 13303, which said this was not a taxable event…?
DC: I haven’t seen the latest version. I’m budgeting to pay a full suite of taxes unless and until I’m told otherwise.
Tony: I don’t know anything about that. I will be setting aside 50%, investing 25% and then using the remainder to tithe, but houses, etc.
DC: I live in Texas, so I will put aside 44% until the tax position is clarified. It may be that I’ll end up paying 14% or 24% as long-term capital gains, but I’m still reserving 44% well past January. It doesn’t matter if I have set that aside and invest it later.
Caller: What is the top interest rate I can get on my money at the bank, do you think?
Tony: Let’s say I go to exchange at the bank, and they give me a rate. They might also give me a better rate if I leave, say, 20% in their bank for a year. The longer you leave your money, the better the interest rate they will give you. It’s a matter of negotiation.
DC: I’ll bring my calculator and do the math. This is a business transaction and it depends on the numbers. If they offer an extra ten cents if they keep it for a year, then I’ll do the math and see what gain that will give me compared to other options. Money markets are getting 1-2% max at the moment. Estate planners and conservative wealth managers recommend living on 4% per year. That’s the widowed grandmother’s fund. Sure, I can do better than that, but your income should go in a conservative portfolio.
Tony: We are not financial planners; I’m just telling you what I might do. Pam has called time about six times!
DC: Iraq is ready for this to go this weekend; coins and training are all ready. US banks are under a lot of stress. We don’t know if everything is in the first basket or not. Many have been exchanging, not us, but our time is coming. Make your plans, set aside 50% for taxes, and invest conservatively for what you are living off. Have a great weekend!
Pam: [can’t hear at all] Get financial professionals on your team. Take your time; you’ve been doing this for a while, and don’t worry!
Ray: Good advice! Enjoy this Fabulous Friday!
Tony: Go through your Ten Things at the front of our site, look at the bank perks, and make up your own lists. I don’t know how much we’ll be able to say to you afterwards. Do not go into the bank demanding anything. They don’t have to do business with you; they can choose to do business with you (but not with me and DC). But there are a lot of banks, tier 2 banks, credit unions and investment companies who want your money and they will give you a bank account and credit card. If the bank person is mad or irritated, understand that they are upset that they missed their opportunity because they weren’t told about it. A lot of them will be in shock that they couldn’t plan or take part in this. Just enjoy your life, because the hard part is over. I hope to call you over the weekend – we are hearing it all around the world, and we’ll have to see if it happens. Be positive! Enjoy your weekend if I don’t talk to you. If anything chaotic happens, we’ll send out a tweet or do a call anyway. Thanks also to the Mods and transcribers!