Dinar Recaps will be emailing (NOT posting publicly) this information to our email list.  Now would be a good time to join, or set up a new email to receive our emails.  You may go to our POST-RV page http://www.dinarrecaps.com/post-rv.html   to signup.  We will NOT answer any questions emailed to us pertaining to this at this time.  This is the same information the other groups will have and will send it to all our email subscribers on our main email list.

AndieZ] FIRST OFF - THANK YOU FOR BEING HERE STUDLEY :acornhello:

[Studley] AndieZ thanks for having me

[E2012] Is there any truth to the smart cards being activated?

Studley] E2012 that is the latest rumor, I am a lot more skeptical than everyone else, so I am checking on validity

[modynell] Do all groups have the same banks listed to call for appts at and exchange?

[Studley] modynell I only know bout the groups I represent, Generals/Studley group, DebTarHeelGirl group, Dane's Group, and Terry's group, and our leadership is interested in helping ALL people, that is why this is a grass roots effort, we keep it simple, as long as the code is not posted in public forum you will benefit from the highest group rate

[..tigger1] Do we have to be in a group to get the good rate?

[Studley] ..tigger1 no you just need to get codes from others in groups, or sign up, using only emails at Dinar Recaps, to receive code for exchange
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[maytheforcebewithyou] Do you believe that the anticipated speech on our economy scheduled for tomorrow will have anything to do with the RV?

[Studley] maytheforcebewithyou not really, biggest mistake in dinar community is melting large events with rv, at most O will give very subtle hints at a global change, but, you have to read between the lines

[ariel1754] Is the RV a major part in resolving the European debt crisis? Do many agreements need to be made first in EU before RV?

[Studley] ariel1754 Since most EU countries hold dinars, yes it should help immensely, but the biggest issue in EU is the policy failures, and terrible economic policies, nothing needs to be signed in EU for changes to happen

[TPDunn52] We have no 'big 4' banks in western Pennsylvania. Is it your understanding that 5th Third bank will honor the codes or not?

[ianjohns] Hey Studley, Just to confirm, the bank packages are set up with WF. Will they work with others, i.e. Chase, BofA etc, or will we have to deal with them? Thanks

 [Studley] TPDunn52 our group has negotiated a special exchange with Wells, I don't know what the other banks will do

[bfind] Studley is there any new intel that u can share with us

[Studley] bfind because of my position, helping to set up exchange, I cannot comment except to say shouldn't take much longer

[plastyxman] Studley, what happens if somebody posts the package information onliine? Are the rest of us are screwed from that point onward?

[Studley] plastyxman NO, only those people that post it will be hurt, not getting the best rate out there

[wango] Rumor has it if the RV goes live, the announcement will be delayed until morning. Will packages be delayed until than as well?

[Studley] wango don't know, that's why its a rumor lol

[drizz] Will the e-mail with the code include the rate? Thanks for all you do!

Studley] drizz your welcome, IMO, rate will be given only AFTER you r at bank signing non disclosure, this is supposed to be very discreet event

[healthy3] With the announcement of a global monetary revaluation flashing on CNN and CNBC yesterday, are we still looking at a possible rv tomorrow?

[Studley] healthy3 shows me we are on top of this

[wango] How long after release of RV will bank codes be emailed out?

[Studley] wango within hour or so

[Austria] Do the smart cards being active in Iraq mean anything to us? Anything helpful?

[Studley] Austria since smart cards have limited dinars on them, common sense is telling me they won't be worth much without a changed rate

[sleepwalker 2012] What is the "swift program" that the media is talking about tonight?

[Studley] sleepwalker 2012 I have no idea, if it is talking about banking, IMO, they r talking about wire transfers

[mrsjim54] Hi Studley. Any chance that all the mainstream media talk of a global realignment and the basel III / gold stuff is NOT RV-related?

[generals64] STUDLEY:....Sorry I growled last night....

[Studley] generals64 we all get extremely frustrated sometimes

[Studley] mrsjim54 absolutely, I have always said, there are no guarantees in currency plays, I will believe we are there ONLY when I get a call from my banker AND there is an OFFICIAL rate available to exchange

[SALTYDOG] Can you tell us approximately how many locations nationally WF will have for cash-in?

[Studley] SALTYDOG not sure yet, but IMO, the main locations that have currency centers

[NSB] Good Evening: Post-RV, will all the bank packages (WF, BoA, CMorgan, CB, TD and 5/3) be released via DinarRecaps as long as you’re on the e-mail list and do you believe (IYHO) the IQD will come in on the high side versus the low side in order to stabilize the current inflation rate in Iraq? Thank You

Studley] NSB IMO, the only one I am concerned with is WF, we have selected them for two reasons, IMO, they are the most economically strong bank in this financial environment, and because, I have been given assurances by the bank, the rate would be the best, but nothing is written in stone, and you should be VERY CAREFUL OF ANYONE WHO TELLS YOU ANYTHING ABOUT AN EXCHANGE IN DEFINITIVE TERMS, there are still many variables that can change until this event is official

[AndieZ] [shalala] With your group code, how will we know the bank is giving us the correct negotiated rate if we will not know what you have negotiated in advance of our visit to the bank?

[Studley] AndieZ great question, I am going to see if I can find out

[footstank1] It has been stated that you do not have to open an account with WF prior to RV and exchange. If you have one open already, will that expedite or help anything? Just curious as I have a 100 mile+ drive to get there.

Studley] footstank1 I am not sure if it will help, they will have to structure your accounts based on individual financial circumstances, I have not opened my accounts yet, I am not worried

[cancamper] Hi thank you for all your hard work Studley, you are a remarkable leader. Is there any progress in how the rv will be handled in Canada? :hero1:

 [Studley] AndieZ we r not sure how bank will handle it yet, We don't have the detailed instructions yet

[AndieZ] [chocolaterv] (1) Do you know if we will be able to cash in at any of the WF Financial Centers? and (2) If I don't want a bank package, how would it hurt my rate?

[Studley] cancamper IMO, the Canadian banks will honor rates and codes from US, but that is my opinion

[Studley] AndieZ all details will come out when this officially is released, and when you are in bank, IMO, you need to make sure you are getting best rate there, ask and negotiate as much as possible, second, you should negotiate your individual package yourselves

[TexasT] Do you have any updates on whether WF will be able to hold the rate for a few days so I can pick up my reserves and get the same cash in rate? Thanks for all you do!

[Studley] TexasT IMO you will have a number of days to exchange

[tangowoman] How many days do you feel we will have at the high rate

[Studley] tangowoman NO ONE KNOWS DETAILS OF EXCHANGE UNTIL IT IS OFFICIALLY LIVE, BECAREFUL OF THOSE WHO PROVIDE SPECIFIC DETAILS UNTIL OFFICIAL

[movielife] Why have you decided to come in tonight?

Studley] movielife TO CLEAR THE AIR, LOTS OF LEADERS IN MY GROUPS TOLD ME THERE WAS LOTS OF CONFUSION IN DINAR LAND

[templejc] Studley we were told early on that Generals was talking to the bank ... then we hear the word "negotiator". Is this person an employee of the bank ... or is this person a middleman for us? and if not an employee at the bank ... why were we told this?

[Studley] templejc GENERALS WAS TALKING TO HIS BANKER WHERE HE LIVES, I TALK TO MY BANKERS, THIS WAS A NATURAL PROGRESSION, WE BOTH ORIGINALLY, ALONG WITH ALL GROUP LEADERS WERE TRYING TO HELP FAMILY AND FRIENDS AT FIRST, WE DECIDED LOGICALLY, THERE WAS STRENGTH IN NUMBERS, AND IT PROGRESSED

[phoenixrising] Do you feel that those of us who live in rural areas will have to travel to larger banks in our states, or even other states, in order to participate in the exchange?

[Studley] phoenixrising IMO BASED ON INFO RECEIVED FROM BANK, YOU SHOULD TRAVEL TO BANK YOU FEEL WILL GIVE YOU BEST OPPORTUNITY TO EXCHANGE, THIS IS A VOLUNTARY CODE, IT IS UP TO YOU IF YOU WANT TO USE IT, I WOULD DO MY HOMEWORK BEFORE CASHING IN AND NOT DEPEND ON ANYONE, LIKE I SAID BEFORE, I AM TRYING TO HELP PEOPLE, THAT IS MY NATURE, YOU HAVE TO MAKE YOUR OWN EDUCATED DECISIONS

[cantwait] Thank you so much for all that you have done for this group! Do you think it wise to cash in - go home, let all the excitement sink in - and then make an appointment with the wealth management team for another day? Or, will WF expect us to put business in motion the day of cash in?

Studley] cantwait IMO, THE BANK WILL PROVIDE GUIDANCE, AND NOT LET U DO EVERYTHING IN ONE DAY, IMO, YOU SHOULD HAVE A LIST OF QUESTIONS FOR YOUR BANKER, WEALTH MANAGER, AND YOU SHOULD SET UP MULTIPLE MEETINGS, ON MULTIPLE DAYS TO ACCOMPLISH THIS, DON'T FORGET, THIS WILL NOW BE YOUR NEW JOB, OR HOBBY, TO MANAGE YOUR MONEY IS A FULL TIME OCCUPATION

[eagle2124] Do you know if the VND will proceed without the IQD or go together?

[Studley] eagle2124 IMO, IN ORDER TO AVOID DOUBLE DIPPING, THEY WILL GO SIMULTANEOUSLY OR VERY CLOSE TOGETHER

[chillimac] It is my understanding that WF is allowing interbank transfers now between BOA and Chase. Do you know if this is correct?

[Studley] chillimac NOT SURE

[AndieZ] This is FYI

[NSB] The SWIFT-Society for Worldwide Interbank Financial Telecommunication its the network term for transferring money via numerous financial institutions, I set up 3 networks for the UST a few years ago...

[stevhens777] Studley There a reports of whales cashing out. Do you believe this to be false? Also do you believe there will be tiers cashing out at different times or once it's live all is welcome to cash in?

[Studley] NSB GREAT, I DIDN'T KNOW I WAS BACK IN COLLEGE EXAMS LOL

[Studley] stevhens777 I CAN'T COMMENT ON SPECIFIC PROCEDURES OF EXCHANGE

[eddieb] The vast majority of dinarholders are NOT on message boards. My question is how could there be bank packages giving a higher rate when these people would not have access to it? This would appear to violate some federal rules to equal access. Could you please address my issue? Thanks in advance

[Studley] eddieb I CAN'T GO INTO SPECIFICS OF THE DEAL, ASK YOURSELF, WHEN BANKS OFFER FINANCIAL INSTRUMENTS LIKE MORTGAGES ARE THE RATES AND TERMS IDENTICAL IN ALL OF THEM???

[burgess1] If we don't get the rate until we get to bank, how are we to compare to various other packages?

[Studley] burgess1 I DON'T HAVE AN ANSWER, I WOULD DO MY HOMEWORK POST RV

[Tolen] Will the "Big 4" banks be enlisting other banks to help them with cashing in? e.g., maybe they assign us to go to Acme Bank, who is contracted by WF to handle some cash-ins.

[Studley] Tolen I'M NOT SURE, GREAT QUESTION, I'LL FIND OUT

[LINDEEE] In your opinion, do you feel the VND will be high or low?

[Studley] LINDEEE IMO, COMPARED TO WHERE IT IS NOW, THE RATE OF RETURN SHOULD BE OUTSTANDING WHETHER HIGH OR LOW

[Major] In general with some saying this month, some saying next month, some saying September, and on and on, can you at least give us your thoughts? Days, weeks,months, oh I forgot hours? LOL

Studley] Major IMO, BASED ON CURRENT ECONOMIC ENVIRONMENT, THE TIMELINE HAS BEEN PUSHED UP DRAMATICALLY, I WON'T COMMENT ON THAT BECAUSE THIS IS THE MOST COMPLICATED FINANCIAL EVENT IN HISTORY

[alohadinar] Do you feel this exchange will not be a taxable event?

[Studley] alohadinar IMO, SHOULDN'T BE, BUT THERE WILL ALWAYS BE TAXES IN STATES, ALWAYS TALK TO A PROFESSIONAL FOR ADVICE

[indy_joe] Studley could you please suggest a few key negotiation items we should put on the table along with rate. Bank fee %?, health insurance?, reduced loads on other investments? What else?

[charlsie] Is it factual that a penalty has been added for each day that the RV does not occur (.085) as mentioned in the recaps recently.

Studley] indy_joe THOSE ARE GOOD ONES, EACH PERSONS INDIVIDUAL NEEDS, THE BANK SHOULD GIVE YOU A CUSTOMIZED PACKAGE, THE MORE PERSONAL, THE BETTER THE BANKER

[Studley] charlsie IMO NO

[AndieZ] last question

[JOHNNYcashin] Studley Most WF Banks will cash you out or will we get a list?

[Studley] JOHNNYcashin THERE WILL BE A LIST OF LOCATIONS AVAILABLE FOR THE EXCHANGE

[AndieZ] :acornhello THANK YOU STUDLEY!:

[Studley] THANK YOU EVERYONE, I HOPE WE ARE THERE, BUT IF NOT, I WILL TRY AND APPEAR AT LEAST ONCE A WEEK