(Post by Drummerboy at PI)
PEOPLEINVESTED.COM CONFERENCE CALL
Wednesday, August 24th, 2011
Music intro to call.
DebTarHeelGirl (Lead-Off Prayer):
It’s in Christ that we find out who we’re living for. He is working out His purposes in us at this time. Many have experienced horrendous trials, yet they are here for our benefit. Look to Him to show ourselves approved and to prepare our hearts for our coming wealth. Walk in forgiveness. See Psalms 138:8 and Prov 3:5-6. We look to you direct our paths. We choose to follow you in faith, hope, and in the power of your word. We receive your promises in our lives and hearts as you have promised to perform it. See Jer 33:3. We call to you to receive your direction and molding into righteousness. We receive your blessings and trust your direction to work in our hearts according to your will. Bless this call and those that prepared it. We praise Jesus’ mighty name! Selah!
Intro of Texas Mama
It’s important for our site not to become like other sites in not idolizing our leaders. We make a mistake when we look to leaders when we look to man before Jesus. Example of believing God for provision in her daughter in regard to her need for a car. She needed a car and Texas Mama and hubby challenged her to believe for a car. A car was won in a dealer drawing the next day to provide for her daughter and testify to God’s ability to meet her need. God is faithful! Texas Mama loves you and cares for you as family.
Appreciation for Texas Mama’s encouragement and for the site’s dedication to helping people out.
Intro of Browning as IT guy for PeopleInvested.com. Importance of not “flying off the handle during technical glitches when they appear.
Expressed history of friendship with Fresh. Proud of where site has gotten to and quality of the experience now vs. early on. The site will keep people informed and become a portal for future communication. Admires quality and desire to improve site over time.
Today Dinar Banker site went off the air. Site was taken down on purpose, but it was not a server technical issue. Don’t understand why they did it, but site problems are not the conspiracy issue that most people expect them to be. Site was fine… index page was taken down momentarily and susbstituted with another for three hours.
Read More button on right
Up early and excited over enthusiasm from Okie this morning. Apologized that he was talking in his sleep this morning. Sees people confused and anxious when dealers are still selling or momentarily go off the air. They buy from the source and make a markup. Dealers will always be motivated to sell more into the spikes of demand when enthusiasm bumps up. A dealer site going off the air may simply be momentarily off the air to await replenishment of supply rather than as a signal of an RV.
DrummerBoy summarized by saying that this morning, large last-minute demand could have spiked sales. They may have needed to “catch up” or to change prices.
We need to be adults and make our decisions irrespective of dealer ploys or selling strategy.
Chat rooms get at a fever pitch because most people get in a pinch at the end of the month. Learn to be content and not put yourself into a pickle with trying to spend your rent money on that list bit of dinar. Don’t make this about greed. Give thanks for what you have. Intro of Red Lily.
Appreciation of the new site and invitiation to join the chat. She appreciates and loves the people here and there on another site. Look for her postings on Red’s Thread as a good summary tool. She doesn’t always have the chance to replicate postings on each site she’s on.
Okie shared confirmation of rate last night at $3.68. Happy Birthday to Okie and appreciation for his contribution to the info for us all. Great call last night. GeorgiaBoy shared some things… Passed on confirmations from Wall Street that things were indeed positive at the $3.68 rate. Interesting moves in the market today. Gold dropped over $100/oz. Right before the call, Fresh heard from contacts saying I’s dotted and t’s are crossed. It will not go past this week. Everything seems so darn close based on the collection of information.
Spoke with BWM. He has different sources that are consistenet with last night’s call enthusiasm for minute-to-minute activation of the RV. Remember that Shabibbi is in Jackson Hole, WY for a financial conference.
Shabbibi was in Jackson Hole a year ago to deliver the good news of the Iraqi economic development. We expect like positives from this visit.
BGG/Dewey/Okie will be having a call at 10:00 pm EDT / 9:00 pm CDT. Will try to tie this call bridge in with them. Talked with Winalot today who mentioned that the plunge in gold would be a signal of the RV as world super-investors manipulate world investments to position for worldwide re-alignment. We are about to cross the bridge. Hang in there!
CALLER (RON): Following dinar last few years. Mods and expert contacts seem to repeatedly fall through. Maybe people aren’t as connected as we thought. Sellers should be expected to continue selling. Why should we expect them to stop the train? ANS: Dealers have said that they will pull the site down and change prices when RV occurs. No incentive for Iraq to continue selling at 1171. GeorgiaBoy has more depth on that topic. Iraq needs to go a value that is at least $1 per dinar, instead of 1000+ dinars per dollar. Fresh bewildered and suspect of mis-direction and misinformation seen from high level contacts. Misinformation has died down recently.
DRUMMERBOY to RON: What was the biggest weapon that the U.S. govt had before the Normandy invasion? Misinformation and deception. Eighty-five percent of most news is misinformation to manipulate the public opinion. It’s not the Okies and Poppies, it’s the misinformation campaign that we’re up against. What is the purpose of misinformation? …To keep the sheep in line. It’s like playing chess, but when everything goes quiet, things are about to pop.
CALLER (CHEYENNE): How has Okie been taking all of this negativity? I like Okie and would like to know how he’s doing. ANS: He was crushed that the information he relayed was tainted. Our desire was to let him know that we care about him. He did not deserve the negativity, but he was appreciative of the well-wishers. He has worked hard and Cheyenne thinks the world of him and hates to see him down.
CALLER (VIA SKYPE): Was gifted some Kuwaiti Dinar…where can he exchange it? ANS: Airports and currency exchange banks and dealers. We cannot give tax advice. Try Google search for Kuwait dinar.
CALLER (PM FROM BWM) bank update: He saw an urgent bank memo yesterday detailing the currencies that will change in value. The IQD was listed.
CALLER (TIGER LILY) Wants to give 10% to her church. Should she give dinars pre-RV? ANS: There is a standard gifting letter in circulation for gifting the dinar to the church. Consult tax professional for deductibility. She just joined tonight. Best is pre-RV. Can she give it post-RV? Is it deductible at market value or pre-RV value? Yield to tax professional and suggest notarization of the gift letter. Appreciation from Fresh…. Also she has a Living Trust. Question deferred by Fresh until legal advice is plugged in at a later date.
CALLER (AREA 862) Can we expect RV in a couple of days? ANS: Listen to recording of this call. No one on these sites knows the date and rate. Our challenge as intelligent investors is to weigh the info available and decide for ourselves. It could literally happen any minute. We believe news and yet have to filter it all against other calls, people and info.
CALLER (AREA 865) New to site. Heard call last nite. BWM had bank appt at 3:00 pm today. How did it go? ANS: It wasn’t what he was expecting at the bank. He was a bit down, but he was encouraged by other people as to timing. Update on wweb from BWM: he did see the urgent memo previously mentioned, and bank supervisor promised further reaesrch re dinar specifically.
CALLER (PPOT60) Been with dinar about a year. Been following Okie. Wells Fargo Bank locally does not currently deal with Iraqi Dinar, but will be changing. Would he be better off to set up a foreign currency account with 10 Million dinar? Concerned about taxes. ANS: Wealth mgt questions need professional advice. Question deferred to professionals that you seek out who know your situation. DrummerBoy personally expects to keep some dinars back, set up trusts, charitable giving, etc. Fresh has heard a lot of ideas and strategies. International banking has changed a lot lately…Have heard lots of ideas. Working toward Atlanta event for contact with experts. Possibilities include domestic banks with foreign account opportunities, etc. Mutual interests include help for veterans and others. Appreciate his service as VietNam veteran.
CALLER (LH-North Carolina) Appreciate everyone in this trying time of delay. Went to CPA and wanted to share answer to TIGER LILY… non-qualified gifts (ex to Family Members) are best PRE-RV up to $13,000. Qualified charities (like church) are best Post RV, so that gift can be acknowledged via form and full market value of RV can be deducted.
CALLER (ANONYMOUS) Asked about meeting w/ BWM’s investment banker. See response above.
CALLER (ILLINOIS) Following Okie trail. Did PING this morning. What is a PING and how do we know that it did PING? ANS: The PING is a server to server communication signal, sent via test mode to touch and confirm existence of other server addresses. The RV PING itself was not definitely confirmed. The actual rollout PING will involve rate confirmations and notifications to bank servers. There are Fail-Safe safeguards to preclude a false signal. The presence of THE PING is unconfirmed. We are “backed into a corner” painting the floor into an RV. Appreciation.
CALLER (TONY FROM TX) A lot of us are still reading intel. The RV has never happened before right? ANS: Everyone sounds positive but no one has really been down this road before. It’s still a new experience and we need to have patience as it unfolds. Tony encouraged us not to get down on those who bring information and to have patience rather than anxiety. Don’t get personally over-extended by buying dinars. Fresh mentioned that Tony brings “Currency News Hound”… admiring Tony’s patience and contributions.
MSG FROM DRUMMER BOY (CONV W/ CURRENCY FRIEND): People are bringing the best info that they have at the moment. Filter what you read. Message says that “things are very promising” and the “boat is in the harbor”. “Not calling it yet, don’t lose hope!”
CALLER (FEMALE CALLER): Heart hurts for Okie today. Wish the best for him and his positive outlook. Looking at Adam Montana site, confused about conflicting reports on Arbil Agreement, HCL, and Chapter 7. ANS: DrummerBoy’s mystery guy says that “everything is done except for terrorism and taxes”. Question about taxes and tax rate. DrummerBoy anticipates 15% rate. Suggested photocopy of each dinar bill with signature and serial numbers to protect you during out-of-office currency verifications at bank or dealer turn-in. Could be unwieldy on large quantities, but look for places with a DeLaRue machine on site.
CALLER (AREA CODE 336): Repeat question on Arbil. Believe everything is done. Chapt 7 had to be done before release of DFI funds. ANS: Conflicting views arise from viewing info through different filters and contacts. Most info is easy to find if you look on your own. Listen to GeorgiaBoy on last night’s call for more background on political events and requirements fulfilled. Conversation about personalities and frustrations on info and timing from other sites. Fresh would enjoy having him as guest, and appreciates his positive attitude.
CALLER (MIMI FROM CA): Will the RV be at a managed float? ANS: There is a 2% restriction in the Iraqi Constitution for dinar value changes no more often than every 90 days. Fresh referred Mimi to last night’s call and GeorgiaBoy’s response to the managed float specifically. Initial value should be strong to support budget needs.