Mother: Application of Non-Disclosures and Tiers - How does this apply to YOU
For your Information:
There has been so much consternation and anxiety over the Non-Disclosure Agreement and anxiety over the tier system with the banks. I know Tony did not feel good on Friday and struggled with his symptoms on the call. However, I listened and read the transcript – it was full of disclosures purposely dropped by Tony.
I am going to try and pull back the curtain so you can better understand there is nothing sinister going on with the NDA and nothing constraining on how they have determined to assign banks (tiers) is the terminology used.
There has been so many bad things said about the government that people are thinking the worst and I am going to go out on a limb here and say they the US Government has no intention of “sticking it to you” on the contrary they want this to be a safe and orderly transaction for you and they are trying to protect you and the country.
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So change your mindset because there is nothing sinister afoot – there are no conspiracies to put you in a trap. Tony even disclosed yesterday on his call what he said the banks were not going to tell you until you got in there – go back and read the entire transcript. It is all there.
(Dinar Recaps Note: Sorry, we do not have this to post.)
Non-Disclosure Agreement (“NDA”)
You have to understand something about legal documents. Several pages are taken up just to define words. I have sometimes used 2 or 3 pages myself to define terms so the reader understands the terminology used in the document and if you are ever in a court of law the court knows the legal definitions and obligations of each party.
Additionally, Tony said the 20 pages was one of the first NDA’s drafted and there will be possibly 13 different NDAs I doubt it is 20 pages long because they now have been made more specific to apply to different jurisdictions throughout the United States and its territories.
There are not going to be hidden traps or “Gotcha” clauses in it. Courts would not uphold language forced upon a signer under duress to sign a document that had traps in it.
I am telling you they will not do it. Some of the language will be boiler plate language applicable to all 50 states and territories and some specific as to your part of the country.
If you live in Louisiana you live under the Civil Code the document will be specifically applicable to you, if you live Puerto Rico yours will be different because you live in a territory of the United States, if you live in Georgia, Virginia, New York, California, New Mexico, Texas, Oklahoma, etc., you have laws that are unique to contracting in your various states.
As I said some language will be similar but others not because some states are community property states, some states are strict common law states. As Tony said as long as you are not going to be engaging in any criminal activity so you do not have to worry.
You have to remember you are signing a “contract” not to disclose and contracts are governed by state law. There is no federal law for contracts. The Department of Homeland Security is stepping into the various states and making itself a party to an agreement signed in your local jurisdiction.
It along with you are then parties to the agreement governed by the state laws. So that is why there are so many versions. Many are having convulsions over does my attorney, my CPA, my sanitation man, my dog catcher need to sign as well?
Again the language is broad enough to include or exclude them and this is the important part -- only you and the Department of Homeland Security are parties to this agreement. Your lawyer your CPA they all come under privilege do not insult your professional advisers they know what their duties and obligations are. Do not sweat this.
How many of you ever been in a hospital and signed the forms – Do you understand everything you signed? How about getting a credit card – do you read all the disclosure information and understand it? Or ever purchased a mutual fund or stock and read the disclosure on it? Ever purchased a house and read through the entire mortgage agreement and loan agreement? We all do this every day – do not freak out over this.
Remember lawyers write agreements, contracts, obligations, wills, trusts etc., with one thing in mind. That being to protect against all possible scenarios and to guard against the worst. There is another saying, “When in doubt spell it out” So that is what they have done. You will be fine.
Bank Tiers. Tony has hinted at this time and time again. This last time he was purposely clear. He said when you call the 800 number and share your basic information what will determine where you are sent is the amount of Dinar/Dong you have.
They will forward your information to the bank and the bank will have documents already filled out and ready to go – remember you will have a 20 to 30 minute appointment. The bank chosen for you will be equipped to handle the amount you have and provide you the best services.
Your question is or should be: Am I obliged to stay there? And my answer to you is that you will not be required to stay there. However you may like where you are directed after you have had a chance to meet with their Wealth Advisers.
The government cannot put restraints on “trade” that is the legal phrase in other words restrict where you do business. If you desire after your exchange to move to another bank you can. However I would suggest that you go to the bank you desire to do business with after the exchange --- go meet with the bank and work with them so they can coordinate a smooth transfer of monies to the bank of your choice.
And you need to let them do it -- not you. You put them in-charge and let them handle everything so it is done right and not in a haphazard fashion…they are the experts.
I hope this helps everyone
Best as always I am and remain,
Mother, Esq.( Attorney, Asset Protection Specialist, Securities Attorney, Estate Planner, Trouble Shooter, International Consulting, Presidential historian)