REPLAY 559-726-1399 pin 409029#
BlogTalkRadio: RECORDED LINK
TONY - Good morning, TNT! It's going to be a good day today! We never, ever thought we'd be here but each day is getting us closer.
T = TONY | C = CALLER
T - I think it's a great day to be alive. Is it a great day for the RV? All throughout the weekend we heard good stuff. They were testing and it was working. The banks were called in yesterday, both the call-in and cash-in people. This morning, the call-in center people are at the call-in center. The cash-out people are waiting to go to the cash-in locations. They only need 30 minutes to get to their locations.
T - where are we at in reality? We saw that one of the other exchanges went down this morning. We heard it was down for 12 minutes in one location and down for 1 hour in another. We are trying to confirm. Are there some major concerns? I did tell you weeks ago that something was going to happen after RV and the RV should have already happened several times. The conflict there was whether it was political, it was the system, etc.
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T - COuld it go today? Yes. In the next hour? Yes. Based on the 2 things that are suppsoed to happen tomorrow it is supposed to happen before then. Our concern with the 30 days, why it should've started already, what you're seeing on TV, etc.
T - it was supposed to happen pre-market when they tested, but when the market opened it went back down (Euroex).
T - we knew the whole Syria thing was going to happen for 3 weeks and would affect the ME. The big push is to get it done before we take action in Syria. Iran already told the US not to get involved. If it happens tomorrow it will be an historic event. Over 6 Trillion is supposed to be moved tomorrow. While that is a big event, that isn't the biggest event. Something else is supposed to happen that will change the financial system tomorrow.
T - the other countries think the US is still negotiating the rates and they're ready to go. Even this weekend they were negotiating it higher and higher. I know people who are hurting who say they've got enough and want this to happen. I talked to a guy with 1B IQD who said he was going to negotiate his rate. I told him the rate is already $23.50 - he doesn't need to negotiate.
T - We know it's coming, even it's 3 days from now. I know there are many in bad situations and if I could do something about it I would. Just know we are closer and closer to the reality of this happening. I'm still looking for today. They're still at the call centers looking for something. Our country is still in control, even tho we hard threats from the IMF. I heard we told them WF was the hold up and that bought us more time. I personally don't think we'd leave it up to one bank for the GCR, but apparently somebody bought that. I've heard this morning if it's not done by the end of the week a new bank will be put in place. If that happens, the whole procedure will change (800#'s, appts, etc.). They are preparing for WF not to be the bank, so contingencies are in place.
T - It was quiet this morning but today is a very confusing day. You will hear a lot of stuff today. It's confusing because today it wasn't OUR system that went down; we're technically ready. I'm looking at today based on agreements that are in place since last Tuesday.
Q&A STARTING NOW
(Note: a few questions may have been missed when copying notes due to technical Internet difficulties)
C - Did I hear you correct that the rate is $23.50? T - I'm not saying that's the rate, but that's what they're looking at and it's been that way for over a week.
T - that's the number they're putting out and we don't control any of it. Our biggest thing is what happens tomorrow if it goes into effect. If it doesn't then they did something else and we'll be talking about it then.
C - I'm curious about the VND. Is there a rate on that? T - I also didn't mention that over in the Euro 16 countries were added to their list and the IQD was added to it. Yesterday the VND was still at $3.68.
C - did they mention which bank the follow-up bank might be? T - originally it was supposed to be BoA, but their contract didn't go thru. I think they could give Chase a shot.
C - What have you heard about the 50% tax? T - heard nothing about it. Another rumor we heard over the weekend is no tax - that China would pay the whole thing for us. We heard from DC they're trying to put a 1-2% tax in place.
C - what's the likelihood the VND will stay at $3.68? T - as long as the IQD stays at $23.50 then it's pretty good.
C - can you explain a "Deriviative For Dummies" related to the $600T that's supposed to move tomorrow? T - I'm am referring to 2 different events: if the derivatives will work out with the $600T tomorrow it will be good for us, but the other event will affect us in the future and will have greater significance.
C - someone here in the US negotiated that other countries' debt would be paid before the RV. T - they have to pony up the moment we RV's. that's what we fought for. all other countries going to be richer and have surplus so we need to be the same
T - if we see "shock and awe" then nobody will see the RV anytime soon. We don't want to see that in front of the RV. They're sending 4 warships over there but the agreements are in place and supposedly we'll get this over with by tomorrow.
T - the other things are more positive and looks like it could happen right now.
C - since you mentioned it could go to another bank, could we want this to not go thru and China not get anything? T - the UST says it's sitting at the bank but if it moves to another bank it proves the US Gov't can't handle it. This morning they said they've figured it out and somebody else' system was the problem. Could things happen today? Yes, but bigger things are happening tomorrow. Our folks have been saying for the past 2-3 weeks that it's ready. The numbers are getting bigger now that the tech stuff has been fixed.
C - if another bank comes in will they be able to pick up where WF left off or will it be a big reset? T - I don't know. I've asked myself the same question. Will they take over their platform? Was the agreement real? Was the threat to WF real? Or was it just a bargaining chip. I'm getting texts that it's done and it works and we need to meet tomorrow's deadline. A lot of people are positive. Since Friday they thought Monday morning it would be done by 4AM, then 9AM, now we don't know the latest time. But I've been telling you for 3 weeks something was going to happen.
C - I noticed one dealer's site going down last night. Do you see more of this happening? T -the switch can be thrown anytime. It's not just greed, with this once-in-a-lifetime GCR event.
C - if doesn't happen by 9/1 does it postpone or push back the rollout of the new UST? T - not neccesarily. UST notes could still come out if they're printed. The only thing I see pressing right now is Iraq and the things their Parliament putting out that they're IQD be RV'd. They're blaming it on their CBI and they're talking about bringing in another prozy governor of the CBI, even tho they know he's not the problem. That in itself just puts more pressure on us to get this done.
C - It's been said that Zimbabwe will RV in late August. T - I don't think the other currencies will go until after January. I'm hearing that the Class B (or top 2 currencies) will be RVd and the rest done away with, but this is just rumor. You have to make sure you have the right currency.
C - what about the 3 tiers for CE? T - there are 3 different tiers with 3 different numbers set up for groups. That how WF people were trained. Chase, 5/3, BoA are letting folks negotiate themselves. When it was coming out at 3.44 I already had a bank commit to me for $8. If it's anything else, it's letting you know there is room to negotiate. With the highest rates now ($23) they're saying you don't need to negotiate - just go get your money.
C - how long will it take you to CE so you'll be able to share the rate with us? T - when it goes "live" I'll now within hours what kind of rates will be available. I'll know what the rate is and the new floor and ceiling within 2 hours.
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C - is the $23.50 the rate for everyone? T - yes, that's the rate that has been showing for the past 2-3 weeks, as well as the VND. COuld it fall back to $3.44? Yes. but you need to know nobody wants to leave Iraq hanging for months. Nobody wants this to last. They really want this done right now before something castastrophic bad happens and economies are affected negatively.
T - Right now you need to be getting your plan in action. Plan ahead for TAXES - set aside 50% aside for taxes. Don't make the mistake of ignoring taxes - it will haunt you the rest of your life.
C - I've opened several NIB accounts for relatives for the past 1.5 years. Do you think they could zero out those balances in this NIB accounts so I don't have to start all over? T - I don't know. Ask your bank. But I've been telling you to put the IQD and VND in separate accounts so they don't tax your VND with your IQD. Both the banks and the UST are aware of cyber attacks that will happen on the banks, i.e., trying to get your money. Put your money in an account initially. Then move it to a new account, totally separate so no one knows about it (former bankers, dealers, etc.).
C - Is the 11% only for the Group Rate? T - What I've seen is that you'll be offered a rate of which 11% will come out, along with 2 other portions. Bottom line is that when you get to the final number it will be different that what you thought you'd be getting.
C - Is that Private Placement with China the only group? T- my understanding is you have to be invited and sign a contract to be part of that group. The base rate is based on the CBI rate, then it will go like KWD. They already know the floor and ceiling. People like the hedge fund investors will drive up the rate. They can still negotiate and not lose a dime.
T - people at the call centers, people in the CE centers are all frustrated going in and nothing happens. Twice last week they had scheduled parties to celebrate and had to cancel.
C - comment: someone went to Chase - bank employee said we are waiting for this to happen. come see us we'll take care of everything for you.
C - comment: someone went to Chase - bank employee said we are waiting for this to happen. come see us we'll take care of everything for you.
C - Regarding short & long term gains, 3.8 for O'Care, etc. what do you think the tax picture will be? T - You'll be multi-millionares in thr 39% tax bracket plus your state taxes. We really won't know until it happens.
T - they're trying to make the new 1-2% tax THE tax, not above and beyond the others.
C - calling from Clark AFB in Philippines via Skype, just got back from Afghanistan.
C - past Sat. night I listened to someone who said nothing is happening, no laws passed in Iraq, and then I listen to you and it's going to pop any minute. It appears to be one big world of confusion? What's the reality? T - let me tell you a story. When I was a freshman in HS, I took Algebra and had to do a problem at the board. I did it and got the answer. The teacher said "that's not the right answer." She told me the answer was correct but I just didn't do the problem correctly. I sat down and said "you just don't understand how I did it." Some people don't understand the info but it doesn't mean it's not correct.
C - did you mean the process will start over if it doesn't happens by Friday with WF? T - no, what I heard this morning is that it was part of the agreement not to get the IMF to take this over.
C - Last night Phoenix had an attorney on his call who addressed the possibility of a "bail-in" like Cypress and you wouldn't have your money to pay taxes. T - If they want to attach any accounts it would have to be across the board with all accounts, whether a private banking account or not. If the RV happens and our gov't wipes out its debt and we pay our taxes, why would they need our money? There's no way they can justify doing that. I don't understand people who put out that fear.
C - can the VND revalue ahead of the IQD? T - no, the IQD is the foundation for the entire RV
C - how much longer could this realistically take? T - there is no fast, hard rule. It's changing everyday. It's been negotiated, updated, changed, etc. and then they complicated it by throwing the CIX in there. It could go today.
T - a lot of people are looking for it today and the system is still running. We don't know if the threat to move it to BoA was real or just a ploy to convince the IMF we could get this done and they didn't need to take over.
Q from EMAIL: when the IQD revalues at high double-digits, who covers any amounts above the 3.44 street rate? T - the UST covers it all for oil credits. All the currency is covered by the US, even up to $32. It's being used to wipe out our debt for the next 20 years.
C - does the UST cover IQD held by other countries? T - no, those countries cover it.
C - can our country sustain those high rates? T - yes, they can because it's all digital. They are numbers on a bank account.
C - rate fluctuations never show on www.cbi.iq. Is that site a sham? T - their rate is 11.86 on the street and in the country it changes. The CBI publishes articles on their rate. It's not our norm we're looking for, it's their norm. Until they officially RV or RI it should officially show there.
C - Is a DeLarue machine necessary? T - no, they have a book with the 7 different things to look for to verify the currencies. I never said they HAD to have a DeLarue machine. When I leave the bank mine is accounted for and in my account.
C - over the weekend Mtn Goat said to CE and get cashier's checks. T - I've been told by banking people to use CCs, wires under $500K, credit/debit cards, etc. so it can be trackable.
C - Mixing currencies question? T - don't put the VND with the IQD or it will be treated at the higher tax rate.
C - do you think the PTB could destabilize the ME to delay the RV? T - 2 years ago you remember the Arab Spring (April of that year). We do see things are being changed and managed. Is there a battle for the ME? Yes, it's an ongoing battle for the ME on the broader scale. On a smaller scale it's a changing of attitudes and way of life.
C - If RV unable to occur would that reflect historical plans enacted in order to push certain agends at very high levels and if global reset can't happen in a timely mannner then those peeps going back to their old tricks? T - No I don't think anybody is capable of going back to "old" tricks.
C - The CBI is talking next year, June 2014? T - No, I think the currency is going to change this week.
C - hearing the VND isn't going for 5 years. Bad intel? T - yes, bad intel. If you hear something like that, ask them "WHY?" When the entire global reset is happening how can they can say that?
T - I don't mind telling you what I think. The more info you get the bigger the picture you get. Why waste your time with people who won't tell you?
T - I appreciate everybody being here. The info is good! The process is working and everybody is saying the system is done - back up and working. We don't know where that pivotal point is, but could it go today? YES! They've agreed certain things won't happen until the RV and those are scheduled to happen tomorrow. I have not been told those have changed. What was signed 3-4 weeks ago pointing to this happening by tomorrow has not changed, that we've been told. If anything wild happens we will do a call. ENJOY YOUR DAY!
END OF CALL......