Post By Love4529 » August 21st, 2013, 2:47 am • [Post 104]
FRANK26 & EAGLE1! - KTFA Tuesday call notes [SNIPPET]
F26: Eagle1, are you there?
E1: I'm here!
F26: Hey, hey buddy!!
E1: First I want to offer a comment on what you just said.
F26: Yes sir! Go ahead!
E1: I don't know if you're aware of it, but NASA scientists are saying that the sun is in a process of a magnetic shift. The poles are in the process of changing right now.
F26: Yes sir, I know that. Actually I've known that, it was projected back in 1977. People have to be prepared for this, it will be like being jolted back into the stone age. It will take awhile before the normality , of having elecricity functioning normally in your house again.
Read More Link On Right
F26: So anyway, Regnar you talked accounts yesterday. Specific accounts. Compared from the money we have now, to the money that will be coming in. Can you briefly walk over that sir?
E1: Sure. The dinar is gold-backed. The USD is not asset backed .. at the moment. Until the global currency reset is fully complete, the USD will not be asset backed at all. And so, because of the value of the dinar, you want to preserve that value!
THE TAG ACCOUNTS
And so WELLS FARGO is offering us an account equal to the TAG ACCOUNTS, that were created under Dodd-Frank. And by the way, I've not had a chance to review the text from yesterday's Dodd-Frank meetings.
Obama held this Dodd-Frank meeting with all of the nations' leading finanial people. There was like a veritable "who's who" of the financial world. But they talked about Dodd-Frank and extensions to the Dodd-Frank rules.
I have not had a chance to look at that, so I can't speak to where all they added to, or took away from it.
But what we know from Wells Fargo is that they have offered us the equivalent of A TAG ACCOUNT, saying they WILL BACK IT UP and the us dollars that we have, in this account WILL NOT SUFFER DE-VALUATION .. and we WON'T TAKE A LOSS IN THEIR VALUE .. when the new us dollar is rolled out in October.
If we put the moneys from our dinars exchange, into a:
- Zero balance - Non-Interest bearing account
It is an account they WILL CREATE FOR YOU. If you talk with your banker or your private banker, they will set this up for you
They will probably want to SET IT UP AS A BUSINESS ACCOUNT, rather than a personal account. That's the language they have used with me as I've spoken to them about it.
And what they want to do is attach it to our Trust accounts. That's how they want to attach them (the TAG accounts). ZERO BALANCE ACCOUNT & NON-INTEREST BEARING
Having the zero balance account, and having the non-interest bearing
.. if you got $10 million usd , or $50 million usd in that account, Wells Fargo WILL PROTECT IT BY DISTRIBUTION.
Frank has talked in the past about CDARS. It's a distribution system where the funds are distributed across numerous accounts, and across numerous finance entities, FOR THE SAKE OF PROTECTION. And I believe that that is what WF intends to do. The alternative to it is to have U.S. Treasuries.
You can purchase your own US treasuries. WF or any bank will sell you US treasuries, and you can use those, you can use your USdollars, even the funds that you would get, if you EXCHANGED DONG, or RUPIAH.
You can use those dollars to purchase treasuries AND PROTECT THE MONEY = just as though it were in a tag account.
E1: Yes sir!
Andy: I have a question about that account. If we're going to put the money into a non-interest bearing account, how long do they expect us to keep it there?
E1: Once the new us dollar is rolled out in October, then it becomes a moot point. Really, the objective here is protection. Now if you're going to deposit into a banking institution, that is in questionable financial shape, then you better be buying US treasuries.
But if you put it in a bank that is thoroughly and totally Basel III compliant, you should be safe.
Andy: But the money's not going to grow though. So, Biblically, we would be like the servant hiding...
E1: You are hiding your "talents in the dirt" (buried funds, hidden).
E1: No, this (Tag accounts) is a short-term proposition.
Andy: Okay, so they're not going to say we've got to leave it there for a year, 2 years..or something. There will be no time limit, probably.
E1: No. I mean, here we are, we're in mid-August. We're less than 60-days away from the expected roll out of the new us dollar.
E1: So, you know, That's the time frame we're looking at. If you don't need it in the form of us dollars, keep it in the form of dinar.
Don't exchange all your dinar.
If you need to exchange dinar, then exchange what you absolutely need to have in order to be debt-free.
Make sure you first sow seed into the Kingdom, so that you have something that the Lord can take and multiply for you.
You're not giving the Lord anything, if all you're doing is tithing. Because tithing .. the tithe belongs to him in the first place. That's not giving him something to multiply. So you sow seed, and you give on top of that, and you give the Lord something to multiply for you. And he'll take your "little" , and multiply it into something huge.
Andy: Amen. Amen.
E1: The Indonesia Rupiah is at it's lowest in over a year. It has been artificially depressed, in order to make it less attractive to investors. That's a preparatory move, to the REVALUE of it.
The Indonesian Central Bank is preparing to step in.
If traders try to push it down any further, the Indonesian Central Bank is going to step in , and force it back up, so traders don't make a windfall profit off of it.
BulldogFord (via Frank): Can you repeat about this please, Regnar? Another option is to use treasuries. Is this T-Bills, or is this T-Notes?
E1: We're talking about: T-BILLS .. or US Treasury bonds. T-Bills are sold by the bank in 30-day increments, 60-dayincrements, 90 day increments. You can buy them at whater length you want to.
So if you got $10million from your exchange, after you have exchanged your dinar.. you can go buy 60-day or 90-day treasury bills (treasury bonds), that will expire and pay out at the end of that.
Question from forum (via Frank): Do you think we will only have 30 days to exchange our Iraqi dinar? And on the 31st day, they go null and void?
E1: I'm going to answer that with this: pfffffffffffffffffffft (raspberry sound)
CANADA BANKS FOR EXCHANGE
Agnes: About this 30-days. I'm a financial planner and I'm helping some people in Canada. And one of the things they are saying is the 30-days is because we did not have sanctions with Iraq like how President Bush signed those executive orders, that once it goes international, it's very difficult to clear any currency in 30-days.
E1: Yeah, that's absolutely correct Agnes. To put a 30-days limit on the exchange of a currency, especially a currency that is not being phased out, you know. They may phase out the 25K an the 10K notes in daily usage .. And certainly they have a desire to draw those in as much as they can.
But, it would violate every international banking rule there is. It would be a violation of IMF protocols, for them to put a 30-day limit.
It's fiscally and logistically impossible to gather in all of the dinar that is out there. We're talking about around 36 Trillion dinar, that's out in circulation outside of the country. There isn't any way in the world they would gather that in, in 30-days!
Agnes: I actually think it's the bankers saying that; because they want the spread!
E1: My Canada friends are exchanging in the US, and keeping funds in the US accounts.
Agnes: I wanted to come onto the call because I was hoping you would have information for Canadians on how best to cash in. But you think the best is the US?
E1: I travel to Canada once a year, been doing that for 20 years. And I have a bank account in Canada. I talk to the bank manager about the exchange of the dinar. And they haven't event said anything about a 30-day limit.
Agnes: Why are your Canadian friends going to the states, especially if the American dollar is to fall and you've actually said in your talks, if they want to convert to Canadian dollars,
E1: This is for the initial exchange. For example, RBC has branches inside the US. Toronto Dominion has branches in the US. So you if you go to a Canadian bank inside US, and you do your exchange in the Canadian bank inside US, you can withdraw your funds, inside Canada, out of that same account!
Agnes: Correct! But, that does affect our taxes if they have over $100,000 dollars foreign money, outside the country. So, immediately it sets alarms! And that's why I was curious why they would go there.
Now, one thing I did notice on my bank account, is the Royal Bank Canada, they have changed their website. If you live in the states, you can actually now go online, and open a bank account in Canadian funds.
Agnes: Yes!! That just happened! I'm curious, if your bank has it where Americans can do this (exchange) and use these banks, without crossing the border?
E1: You know, I've got a friend at Toronto Dominion, and I'll get a hold of him, and see if TD is doing the same thing. That's the first I've heard of that, and I find that very interesting!
Agnes: Yes! My brother came to tell me he could do this, and I said "Noo way!" I've worked in the bank and I said, "that's never possible", I did my own research, and I said, "Look, I have to apologize .. because the banker told him that."
And I wondered if that has anything to do with the global reset?
So right now your friend in Canada, in the Toronto Dominion, doesn't know if they will be exchanging?
E1: I don't know.. we haven't even had that discussion between us
Agnes: Could you call, or could I call your friend, with you referring?? Because there are quite a few people that would like to know where they can exchange.
If you cross the border after you exchange, and it's revalued.. you have to declare everything.
E1: Yes, when you carry currency that has revalued, across the border, you do have to declare it.
Atlas (via Frank): There are 5 banks in Canada that WILL BE involved in the exchange, in the foreign currency exchange of the Iraqi dinar.The banks that do the currency exchange in Canada are known as The Big Five. They all do foreign currency exchanges.
- The Royal Bank of Canada (RBC)
- TD Canada Trust
- Scotia Bank
- BMO Financial Groups
- Canadian Imperial Bank of Commerce (CIBC)
These full list of banks can be found at: http://www.BanksinCanada.net
The HSBC bank is worldwide, which will also do foreign currency exchanges! You can have multiple HSBC accounts and transfer money, without having to incur a foreign exchange transfer fee.
Canada's Central Bank is called The Bank of Canada. If you need to ask them anything about this, go to: http://www.BankofCanada.ca Their website has a large list of exchange rate converters .. under the "rates and statistics"
And finally, you can buy foreign currency online in Canada = at http://www.Travelex.ca
They will not sell the IQD or the VND, however, they do sell the (Indonesian) Rupiah.
People can have it they have friends or family in the United States, and then we (KTFA) can fulfill the order transactions for purchasing. I am not licensed to sell to Canada, but the dealer has a permit to sell, = if the Canadians have United States friends and family that can purchase for them.
The signed Executive Order 13303 was for here in the US, so you in Canada are being limited on your education.
Agnes: I think it's like with people in the US going to Wells Fargo. Nobody admits to it (IQD). The banks here won't even talk to you about the dinar.
E1: The RBC in Canada, in Red Deer, Alberta.. they will talk to you about the dinar.
Agnes: I also think, that once this is done we won't have any problem. Question, do you think it will happen instantly or are we going to have to wait a month, for it to show in Canada?
E1: No, you will see it instantly.
Agnes: Okay, great. Just like the Dong. Because the dong right now is an international currency, so that's noo problem whatsoever. They won't even discuss the dinar with you, they say it's not international.
E1: If you go to travelex, their stories are changing at travelex. They will tell you now, that the dinar is now internationally tradeable .. At travelex in Portland, they will tell you that they're prepared to receive the dinar and to exchange it, once the revaluation is announced.
Agnes: Travelex spread is 20 cents. I would not advise people go to travelex, just as a last resort..
F26: Thank you for your questions Agnes! I think you put a lot of smiles on peoples faces with your information .. Why don't you give out your number, if you want to do that.
Agnes: Sure, I will let them know.. its In Design Financial Group Ltd.
And it's Agnes Hildebrant. The office is in Langley BC. I'm in Vancouver.
F26: That's A-g-n-e-s H-i-l-d-e-b-r-a-n-d-t
Agnes: Thank you!!! And thank you Eagle for answering my questions! I really appreciate it!
This helps alot! And thank you agai Frank, I really appreciate it!