(This version is more detailed than what we posted earlier)
PTR CALL 12-23-11 with Dan and Tony
Playback link - MP3 - RECORDING LINK
DAN STATES - Been having a conversation about what’s going on that made us late for the call – TODAY is interesting – LOTS of things expected for today- keep eyes open and watch – we can confirm we are hearing things happening we will not say but they are positive. I hope we will get together for a call later again today…
TONY STATES I am doing absolutely ok – we will give you subtle hints about what is going on – its going to be a great day – have been on the phone over an hour already and we know you see the boards - there is a controversy about 8938 tax INFO first lets talk about that – YESTERDAY I used to work at franchise Tax board doing audits and I spent yesterday THERE sitting in an isle with auditors and I got docs from them highlighted saying everything and showing me everything –they called the IRS auditors to confirm and they state they spent the last two weeks preparing this form for the RV and its purpose… There are instructions as to WHO it applies too – 12-21 has instructions out on that date – there is a copy of the form and instructions on the site…LOOK at page 14 in the instructions and it highlights the assets foreign assets even if it does NOT have a positive value has to be recorded ad it was done in 2010 for foreign accounts was the original purpose now they are ADDING to this form with the NEW release and that’s where the assets come in – Specified Foreign Financial assets – the first sentence has been added too – those not IN a financial account will need to be reported on this form –read it and take it to your tax auditor for real.. this form was out there but updated for this RV purpose… Financial instrument Is the Dinar and any currency….DO NOT wait till January to do this form – PER TONY GO TO YOUR TAX ATTY NOW…
DAN STATES I am not a tax professional but the questions are good –you need to think about this and pay attention to tax requirements…we try to keep you doing what is right – we plan here for you to KNOW to plan for trusts – identity protection – tax info just to help you not be broke – glad this tax call yesterday got you digging… the Q & A will give you more info…
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_DAN STATES I think today is VERY important and I do not say that often – I have gotten excited before but today is very special I got VERY VERY GOOD news from people I trust and I do not know how this will turned out – but this is positive news that no matter what happens they are still working on it still this month of December – it’s the 23rd and they are working on this – this is big business – this is paying attention to get this accomplished – this is serious and it’s a HUGE plus no matter when this happens if not before the 25th but will happen right happen – WATCH FOR YOUR TEXTS FROM PTR we may see this in news from us we should share…we are excited – this is real and TONY will give it now – this might be a really really good day a huge piece of history
TONY STATES – DAN gave you all the intel so this does make it a very different day – DAN is excited – DAN gave it and all we can do is wait the day out and see what happens but I think it will be a great day – just so you know where I am TONY SAYS I PLAN ON HAVING HOT DOGS FOR LUNCH!!!
Question - What keeps pushing the deadline back =
TONY STATES no one really wants to fight or replace somebody as it may cause confusion but I think today is a perfect time to do what they wanted….looks like today will be a good day…
Question - read on board 3 step process... is that confirmed where we are at?
TONY STATES two days ago the cut off was and we heard today about the BIS and other things going on that are being leaked out to you = that is what we are seeing right at this moment and we are excited….
Question – The FORM 8938 form – there is someone that stated that its an OLD form been around for a long time and addresses currency – is this updated now that yu are referring to – TONY STATES - THIS FORM is for tax year beginning March 2010 and this is since then – this form was just update for 2011 and IRS agents went through a process to get this out now – if someone says this is not the form to use GO BACK TO YOUR TAX PERSON as this is the form to use – it was used for foreign accounts but it has been upgraded for ASSETS now –which includes currency – new reporting requirements are on this form – I read it earlier – that ANY fin acct maintained is all new – we will have to report this… new reporting requirements listed on form/instructions… you need to take another look at it..
Question – they were saying that banks might be giving a higher rate to groups above the CBI have you heard about this –
TONY STATES – how can a bank give you more than they are going to get? Lets say the CBI rate is $9 and the bank will give you $10??? For your large group?? And you come in with a billion dinar –and you say they will loose that money just to get your service? NO that does NOT make sence – you need to negotiate for the CBI rate to match the dinar brokers – but more folks in a group helps with negotiations – but they will NOT give more than what they make just to have you as a customer..
TONY STATES I Got calls all during the night about things with timelines and computers showing things and things shared its all good and we should be looking for this and its going to be a SUPER FANTASTIC DAY and I am going to have hot dogs for lunch!!
Question - what would be the reason for all this mis info that is being put out.. ie arrests....?
TONY STATES – they do not want folks to pinpoint the exact time as there are some really bad people out there that are doing things – we have given rates and dates before that was mis info as they wanted it out there as they wanted to track things that were bad and there are some out there and some things have to be controlled – so the mis info is for a reason at times – there are a lot of folks with a lot of money here in the USA who have not bought one dinar because of the mis info so this has served its purpose for real… -
Question are the ATMS running over there-
TONY STATES they are there for over a year – they were loaded back then and it was tried to go through last year but things were discovered bank level as to how bad things were – they are ready for it now – and I don’t think the smart cards would have not been issued if the ATMS were not ready for it…Baghdad and green zone is first … the cards were started loading…
Question – Different rates – is there a range and is it to the USD or GBP please….
TONY STATES – we heard it for months and EVERYONE is saying it is to the GBP due to we need to get the dollar amt without throwing the ME off and having such a great difference as Kuwait is to the USD and Iraq will be to the GBP and its doable to both economies – Dan states $3.50 and I say $7.00 and I say it COULD BE over $7 so lets say that range… THIS will turn out to be a great Christmas after all!!
Question – Steve – shares that others may be in same boat – but we are so grateful about the news – I consider myself very connected with lots of friends and church people and I only had one person come to me with this opportunity and that blows me away – realize that the ups and downs are rough but we are so blessed to be here – TONY STATES – some want dinar but will not buy their own dinar – and there are still some that are saying NO THIS IS A SCAM and still won’t buy any – or they hear it for first time and they go what? We are VERY fortunate – it’s a blessing -
TONY STATES had my kids to buy their own and they sold games and guitars to get into this as they saw the opportunity to take a chance on this… Then he went and bought more and more. Bunch of guys his age, 19 and 20 years old. Their parents didn't buy, they did. They work at McDonald's and they're getting ready to have 3-7 million to their name and their parents wouldn't listen…. some won’t and some will….
Question – GFJ2334 – if I give so much to my son do they have to report the same tax form also – if you give it to them in this year they will have to report this – do not have to report this by DEC 31st –
NO SAYS TONY - 2011 will have to report these taxes by 2012 – YOU can give dinar now before 12-31 and if he cashes out today or tomorrow they will pay tax but if you wait till Jan 2nd to give it- then YOU will pay tax on it in Jan and you will pay taxes AGAIN as they will ALSO… ALL on page 14 says does not have to have a positive value on the instrument – CURRENCY – this still has to be reported as they are trying to track all foreign currency says TONY…. BOTTOM LINE GIFT YOUR DINAR BEFORE 12-31 –
Question – what is the meetings going on today - heard Petraus there, others, can you give us any feedback?
TONY STATES – those people are over there about the RV – and things are happening over here- Question – will there be a no confidence vote about Maliki ??? –
TONY STATES - Don't think so. Don't think time is right. Not stable enough for that right now. Hasn't been enough time since we left to replace him already. Know for a fact that wasn't part of the agreement. He'll be there for a while. Can't see anyone removing a president the week after we left the country. Doesn't send a good message to the rest of the world. A lot of that stuff was just mass confusion. Was a reason for it and still is. Cause we are dinarians we see this but we do not pay attention to this news with other countries – only cause we are into all details of Iraq that’s only reason its news to us
Question – After hearing everything, sounds like Santa is taking off from the North Pole early, huh?
TONY STATES - that is what it sounds like I am on pens and needles right now for something to happen sounds like it will….
Question – Statement- had bombings that was bad – didn’t freak out about that – do you feel that an RV is in good timing right now –
TONY STATES people are eating good, buying clothes, cars and new homes that will cause the bad things pass away – they want to move forward. The Maliki part he has his stuff – he needs nothing else – he is OK but the people who are not experiencing this but when they get a taste of this and see the new folks coming in seeing what the western world has their mentality will changed and it will take time –they will see there is a better life and the blowing up stuff will change their whole culture will change for the better…
Question - going back to the bombings, so much instability there. I know the news you guys have received is really excellent. Will the bombings not delay it?
TONY STATES - God forbid, unless they bomb S, or A, or M himself, I don't think so. These things happen every day here. Doesn't stop our country from functioning. We just don't see all the other news there.
TONY STATES - WE COULD get the info today and we will be back in touch with SOME INFO this afternoon one way or another – we will give you an update no matter what…. May be pre-recorded or put in chat just to keep you up to date. Have a very Merry Christmas. Me and Dan will be in and out to keep you guys informed