THE WINGIT CALL FOR FRIDAY, JULY 29, 2016
INITIAL UPDATE ON THIS PROCESS
IKO: EVERYBODY KNOWS THAT IT IS READY TO GO. EVERY FRIDAY ABOUT THIS TIME THERE IS A FLURRY OF INFORMATION THAT IT IS GOING TO HAPPEN THIS WEEKEND. WHAT I LOOK AT IS MAIN STREAM MEDIA. WHAT I SEE ARE ARTICLES HINTING AT WHAT WE ALREADY KNOW ABOUT HOW BAD THE BOND MARKET IS, HOW BAD THE ECONOMY IS, HOW BAD THE BANKS ARE, AND HOW MANIPULATED THE STOCK MARKET HAS BECOME.
GERRY: THIS IS AN AL BUNDY MOMENT. IF THE PTB’S DON’T LET THIS GO, THE WATER IS GOING TO FLUSH EVERYTHING OUR OF THE CRAPPER.
IKO: IT WOULD BE A LITIGATION NIGHTMARE IF THE PUBLIC FOUND OUT THAT ALL THE BANKERS HAVE PURCHASED CURRENCY. IN SHORT, THE REASON THAT THE BANKS DON’T LOOK AT THIS LIKE WE DO IS THAT THEY SEE IT THROUGH AN ENTIRELY DIFFERENT SET OF RULES AND REGULATIONS.
I FEEL THAT THERE IS LANGUAGE IN DOCUMENTS THAT WOULD PREVENT THE BANKERS FROM PARTICIPATING AT THE WHALE OR CORPORATION LEVEL. THEY CAN ONLY PARTICIPATE AT THE INDIVIDUAL LEVEL. THE BEST WAY FOR THEM TO MAKE MONEY IS BY TAKING CARE OF US DURING OUR EXCHANGE.
ARTMEISTER: ALL THAT WE ARE AWAITING ARE THE 800#’S. NO MORE INTEL TO GATHER. IT IS ALL DONE. I AM HAPPY AND LOOKING FORWARD TO BEGINNING OUR NEW LIVES.
GERRY: I WOULD LIKE THEM TO JUST PUSH THE BUTTON. I INTEND TO SPEND MONEY LIKE A DRUNKEN SAILOR FOR A SHORT PERIOD OF TIME.
QUESTIONS FROM THE FORUM:
Has Japan's PM made his announcement, if so what was it, and how does it effect us?
IKO AND GERRY: JAPAN HAS NOT MADE THE ANNOUNCEMENT THAT WE WERE LOOKING FOR THEM TO MAKE.
Philip Tilton said we crossed the finish line and the private groups would go in the next 9 days. Public would go August 8th. Are we considered private or public?
GERRY: WE HAVE HEARD BOTH. WE DON’T KNOW THE RULES OF THE GAME AND WON’T KNOW UNTIL WE GET THERE. I WOULD LIKE TO THINK THAT WE ARE PART OF THE PRIVATE GROUP.
IKO: I DO NOT KNOW THAT ANSWER, EITHER. THEY HAVE SUCCESSFULLY CONFUSED EVERYONE ON THIS ISSUE. WE JUST DO NOT KNOW. CHOOSE WHICH SIDE YOU WANT TO CHEERLEAD FOR, BUT WE DO NOT KNOW WHO IS GOING TO WIN THAT GAME.
With the MSM reporting about tensions escalating between China & USA on one hand, vs. the intel we hear that China is being "benevolent" in loaning the USA Gold to back the new currency (amongst other kind gestures). Which is real ? how can both be legitimate at the same time? I find this very difficult to reconcile. Any insights would be appreciated.
GERRY: BEING PERFECTLY HONEST WITH YOU, WE CAN ONLY GO BY WHAT THEY ARE REPORTING AND WE DO NOT ALWAYS GET THINGS RIGHT.
Are there USNs and TRNs and if so, are they now in circulation?
Were or are they needed for the gcr to occur?
GERRY: IT SEEMS, AND WE HAVE HEARD, THAT THE USA IS THE LAST HOLDOUT ON THE CURRENCY. THEREFORE, NO, THEY ARE NOT IN CIRCULATION AS OF YET.
IKO: THEY ARE NOT NEEDED FOR THE GCR TO OCCUR; HOWEVER, THEY MUST OCCUR AFTER THE GCR OCCURS OR IT WILL CREATE OVERNIGHT INFLATION IF THEY DO NOT GO INTO CIRCULATION IMMEDIATELY!!!!! THE GCR WILL FORCE THEM TO OCCUR.
1) Does the increase in amount (potential) we could be receiving, result in an increase in the cost of living rising?
NO, WE SHOULD HAVE THE REVERSE HAPPEN. OUR BUYING POWER WILL INCREASE DRAMATICALLY. OUR COST OF LIVING WILL ACTUALLY DECREASE.
MY UNDERSTANDING IS THAT IF PEOPLE CAN WAIT, THEIR 401-K’S WILL COME BACK. IT MAY TAKE 6 MONTHS OR 6 YEARS. IF YOU CAN LEAVE YOU RETIREMENT MONEY ALONE, YOU WILL COME OUT BETTER AT THE END OF THE DAY.
2) Would the knowledge of the increase in money now available to the public result in opportunistic price increases in commodities?
My feeling is it could, and then it would be advantageous to get the maximum amount of exchange available. If you got more you gonna pay more!
If you get the 800# will you still send a tweet out? Do you guess we will get emails and please give your best guess as to who would be sending them if you think so. So many questions on this part. THANKYOU for your "best guess". Are intel providers working together on this?
GERRY: NO, INTEL PROVIDERS ARE NOT WORKING TOGETHER ON THIS. WE HAVE HEARD MANY DIFFERENT SCENARIOS. IF I RECEIVE THE 800#’S AND AM ALLOWED TO DO SO, I WILL SEND THEM OUT. WE DON’T KNOW IF THERE IS GOING TO BE A BIG, PUBLIC EVENT BECAUSE THEY WANT TO KEEP THIS AS QUIET AS POSSIBLE.
IKO: IF SOMEONE GETS AN 800#, I GUARANTEE THAT WITHIN 4 HOURS EVERYONE WILL HAVE THOSE 800#’S. PLEASE DON’T BE WORRIED ABOUT AN 800# OR WHERE THE EXCHANGE CENTERS ARE. THE WORD IS GOING TO GET OUT.
BUT, GERRY IS RIGHT. THE OTHER INTEL PROVIDERS ARE TRYING TO “PROTECT” THEIR LITTLE TURF. JUST WIPE THAT OUT OF YOUR MIND. WHETHER WE ARE PUBLIC OR PRIVATE, THEY WILL GET US INTO THE BANK AS FAST AS POSSIBLE, ESPECIALLY THE ZIM HOLDERS.
Do you think there will be a structured payout if one simply takes the International rate on all currencies? Thank you
GERRY: IT IS NOT A STRUCTURED PAYOUT. WE DO NOT KNOW FOR SURE ABOUT ANYTHING UNTIL WE GET TO THE EXCHANGE CENTER. DON’T DRINK ANY COFFEE. TAKE BREATH MINTS. STAY FLEXIBLE.
Once we call to make our appointment, can we make it a day or two, or even three days out, from the day we call to schedule?? Grazzi!!
GERRY: IF YOU ARE NOT PREPARED NOW, GET PREPARED. GET IN WITHIN 36 HOURS. I WANT TO GET IN AND TAKE CARE OF BUSINESS.
IKO: DON’T SCREW AROUND WITH YOUR APPOINTMENT. DO NOT JEOPARDIZE YOUR APPOINTMENT. CHECK IN 15 MINUTES. DO WHATEVER YOU NEED TO DO TO GET BACK TO YOUR STATE. GET IN. EXCHANGE. GET OUT. SIT BACK. SEE WHAT HAPPENS.
Iko and Gerry, Seriously, Will we still be here on Tuesday?
GERRY: DUDE OR DUDETTE, IF I KNEW THAT, I WOULD GO OUT AND MORTGAGE THE FARM IF I KNEW THAT, FOR SURE. COULD WE BE HERE TUESDAY? YES. WILL WE BE? I DO NOT KNOW.
Do you think the usn announcement will happen at the same time of our exchange announcement?the public will need to know about the new currency as well as all the retail stores.
GERRY: I THINK THAT THERE COULD BE AN ANNOUNCEMENT. I THINK THAT WE COULD OPERATE ON A DUAL CURRENCY WHILE THEY PULL THE OTHER CURRENCY OFF THE STREET. I THINK WE MAY SEE BOTH CURRENCIES AT THE SAME TIME, FOR A WHILE.
IKO: I THINK THAT THERE IS GOING TO BE A VERY WELL THOUGHT OUT, VERY WELL LAID OUT PLAN FOR DISTRIBUTION OF OUR NEW CURRENCY.
Can we do a little math using some "simple numbers": If we have 10T Zim invested with the bank at 1%interest, can you tell me what would be the quarterly interest payment? If we add a zero (100T) still at 1% will the quarterly interest payment also increase by one zero? and so forth as we increase the amount invested? Thanks for all the help you guys have been.
GERRY: NO, NO MATH TODAY.
QUESTIONS FROM CALLERS:
NASHVILLE, TN: I WOULD REALLY LIKE TO KNOW THE INTERNATIONAL RATES.
GERRY: I DO NOT KNOW! THE BRAINIAC THAT I AM, YOU WOULD THINK THAT THEY WOULD SHARE WITH ME.
CHICO, CALIFORNIA: HOW CLOSE SHOULD YOU KEEP YOUR CURRENCY?
GERRY: I HAVE THEM RIGHT BY THIS SIDE.
GERRY: WE HAD A FELLOW DINARIAN WHOSE HOUSE WAS BURNED TO THE GROUND THIS MORNING. IF YOU COULD HELP THIS INDIVIDUAL OUT, I WOULD APPRECIATE IT. PLEASE PUT “FIRE” ON THE MEMO.
LOS ANGELES, CAL.: HOW LONG CAN I SAFELY KEEP MY MONEY IN WELLS FARGO BEFORE GETTING MY TRUST SET UP. DO I HAVE 30 DAYS? ONCE I MAKE MY INITIAL DEPOSIT, SHOULD I TRANSFER THE MONEY TO OTHER BANKS AFTER I EXCHANGE.
IKO: IT IS MY UNDERSTANDING THAT WELLS FARGO WILL BE DEALING WITH INDIVIDUALS THAT ARE NOT USED TO HANDLING THIS AMOUNT OF MONEY. ONE OPTION IS A SKELETON TRUST THAT WILL PROTECT YOUR MONEY UNTIL YOU GET YOUR FULL TRUST SET UP.
THIS WILL NOT CREATE A TAXABLE EVENT. THERE IS A GRACE PERIOD. YOU HAVE 6 MONTHS TO SET UP YOUR TRUST. IF IT IS JUST IN A BANK ACCOUNT, IT IS NOT PROTECTED. IF YOU PLAN TO MOVE THE MONEY IN ANY WAY, SHAPE, OR FORM, THEN YOU NEED TO USE THE SKELETON TRUST. AS SOON AS YOU START TO MOVE THAT MONEY AROUND IN ANY WAY, IT SEND UP A RED FLAG AND THE IRS WANTS TO KNOW WHAT IS GOING ON WITH YOUR ACCOUNT.
CALLER: WHAT AM I PROTECTING MY MONEY FROM IN THE FIRST 30 DAYS.
IKO: YOU ARE PROTECTING YOUR MONEY FROM EXTREME CIRCUMSTANCES THAT CAN OCCUR TO ANYONE AT ANYTIME THAT MAKES YOUR MONEY AT RISK. DON’T EXPOSE YOURSELF IN THAT WAY. ASK YOUR FINANCIAL EXPERTS.
CALLER: I LIVE WITH A NON-BELIEVER IN THE GCR. I FEEL THAT I CAN DO MUCH BETTER IF I GO TO THE BANK BY MYSELF.
GERRY: THE ONLY WAY THAT YOU CAN NOT TAKE THIS INDIVIDUAL THAT YOU ARE MARRIED TO IS IF YOU ARE EXCHANGING INTO A SKELETON TRUST.
End of call
Friday Wingit CC Replay with Gerry Maguire, Iko Ward and Art
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)