REPLAY 805-399-1500 409029#
BlogTalkRadio RECORDED LINK
Notes by FlPatriot59 at I4U:
TNT CALL STARTING NOW.......T = TONY | C = CALLER
TONY - Good morning, TNT! It's Friday morning, August 30 and we're getting started. I'm really interested in what Kerry is saying but I'll check it out later.
T - we had a really, really interesting night last night. You woke up expecting something like me. I got calls from all over the place, lots of countries.
T - the $660T bonds were completed. A group of US congressmen came from Switzerland with bonds. I got calls from people who received their bonds, they were elated. I actually got a copy of a check (front & back) of $500M that someone received.
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T - last Saturday we got word that 1 country received a $30T. The check for the $500M was ISSUED IN APRIL - when this was supposed to happen. None of these bonds could have been signed off on without the RV because the money to cover them comes from an RV, on one level or another. We are the last ones to see it on our level.
T - What's really going on? First, I really like Mtn Goat's post - they are informative, direct and give lots of detailed info. She says stuff I can't say. Here's where we are: we have 2 options. If the rate is high double-digit, thank the US. If the rates are low, thank the world. A whole lot of info came out last night, docs coming out.
T - there are some options: high, double-digits like it was supposed to; or have the IMF/UN/other countries push this out at 3.68 (VND at .47) if the USA won't do what they're supposed to do. That was the plan all along. The UN has a lower rate. Third option (from Mtn Goat) just for Iraq is a 2-day event with a base group of countries (top 20 in the tier group) and then do the rest. If that plan was still in motion after 5PM today would be the best time because it won't give you time to double-dip - IF that's the plan.
T - those are the 3 options yesterday. It's serious because I got the list of the countries slated to go on Day 1. Last night we were hearing that Plan A was in effect, then Plan B, etc. Then a request for an extension was given and it upset everybody. Some said Plan A and on the other side said Plan B. It's a race to see who gets it done first.
T - My interpretation: "I dare you" type of game, "when are you going to do what you said you're going to do?" We know everybody in the world wants the higher rate but something is holding it up. If the rate comes in high it helps everybody in the world. The threats are losing their power. This is going on a global scale, 2-3AM in the morning, etc. They started a countdown last night.
T - the banks sent their people home yesterday at 5PM. Before they even got home they were called to come back and they sat their all night long waiting for it. I got a call last night that we were 12 minutes away, they were sitting at the computers ready to go and their screens went blank. Now it's going at 11AM, then at 1PM, then at 3PM. We are waiting.
T- multiple banks are showing 3.68 IQD and .47 VND this morning. Does this mean the IMF got tired of waiting and the rates have been adjusted accordingly? Until it's actually done there's still an opportunity to make it go the other way.
T - Which one is actually going to go first - before the market closes today? The system is fixed and the weekend is the perfect time to do it. I just received a text: "STILL GOING WITH PLAN A. RATES GONE BACK UP TO HIGH DOUBLE-DIGITS. ROYAL BANK OF CANADA ON STANDBY. IF IT FAILS 1 MORE TIME IT'S OVER".
T - we hear last week that China was tired of all this and if it didn't go thru they may try to go thru RBC.(Canada)
T - the numbers say that Plan B is in effect and they are prepared to take it away from USA and give it to Canada. But until then the info I'm getting is that they want to go with Plan A and stay here.
T - if they split it (Plan C) the weekend would be the best time for it. It would prevent double-dipping. Lots of folks think it may happen just that way. If it comes over the weekend it will force the lower rate.
SHORT Q&A (email):
Q - if USA paying for higher rate for IQD who is paying for VND? A -the dong has higher values because China has more than anyone else.
Q - why does the VND has so much value? A - after 2,000 years they have discovered that VN has oil, gold, minerals, etc. they didn't know was there. That's the school book version.
Q - do you know the final backwall for Plan A? A - don't know because it's been given so many times. We hear it everytime but they've gone past it so many times.
Q - is it going to be a float? A - it'll be a float regardless of the plan. Whether it comes in at 3.44 or $20 it will float because the hedge funds, investers, day traders, etc. still are not in yet.
Q - Are we still in Mtn Goat's Plan A? A - yes, Plan B would be UN/IMF, Plan C would be a 2-day split.
Q - still in the timeline for Iraq before they're back in Chp 7? A - Iraq has fulfilled their obligations; everything has been signed and completed. That's why you're not hearing anything anymore about the IQD, HCL, etc. There was an issue in Iraq yesterday but it didn't get any traction. Somebody thought it was going thru but that didn't work out. They are not the issue anymore. No more arguing in Parliament.
Q - 30 day window? A - that's still there because they thought we could do this and get cash-outs done before the serious situation in Syria happened. That didn't happen and now we're here. But I still think we have to have the 30 days minumum to deter smugglers, terrorists, etc.
Q - UST/IMF question, power struggle between them? A - the world bank and the IMF leader were both appointed by the US president. That's the problem and causes a power struggle because of the perceived influence the USA has. The banks have the rates, both the high rates we want, and the low rates the world is pushing that is there now. We called various banks yesterday and it's live on teller screens. The only think missing is the authorization code, which comes from the UST. They're telling us the system is fine, so the real question is: WHO IS HOLDING UP THE AUTHORIZATION CODE AND WHY?
T - there are meetings everyday in DC; banks are notifying their personel to come in. the higher ups don't know where the hold-up is.
T - all groups want to make you feel like you're missing out if not part of their group. With each one, someone is getting paid but they don't want you to know that. They should be able to tell you the details of the package.
T - people are, in fact, getting paid off those groups and I don't understand why they don't want you to know that. If they have negotiated a rate so much over the rate they should be able to tell you what is negotiated.
T - look at NDAs, brokerage accounts, etc. There is a reason they don't want you to discuss that. There's no reason a bank would want you to share that info if it's so good. This isn't just about CE, but about your future. People typically want you to sign an NDA when you look at a proposal, but not at the time of doing business. There's a problem when it's not transparent. This is MY OPINION.
Q - are the banks taking a 30% spread? A – no
Q - when we go to the bank, what should we say or not say? A - I understand that the banks have retired fed marshalls providing security, with separate parking for dinarians, providing security escorts into the building.
Q - what is worst thing Dinar holder should do after CE? A - lot of things. wearing $100K watches, going to clubs late at night; parking your new Bentley in your driveway in your current neighborhood
C - is there a 2nd set of books since the $660T payback has been done? What is the deal with Pakistan? T - the real deal is that they've been trading money for 2 years and the RV occured for them already. They're making deals based on the impending RV. It still hasn't come down to out level yet..
C - does the pre-tax (11%, 30%, etc.) pertain only to the IQD or any other currencies as well? T - the 11% has to do with that particular group and a treaty that was signed. I'm hearing it may not even be a taxable event based on the tax code; 5 different UST sources are telling me they're trying to come up with a 1-2% tax by the end of the year. So why would you even go with the 11%?
C - with the Plan C, is the IQD and VND still together? T - yes, even if it gets split those are together.
C - If you had to ask Tony a question what you ask? T - where's my money!? The reality is that it's set to go ASN. People in 3-letter agencies were counting down hours; people in banks counting down within minutes; the only saving grace right now is that is has not been stopped. It can go any minute when one of the 2 groups decides to push the button.
T - GETTING ANOTHER TEXT NOW: if the USA does it, the rate has just risen again.
Q - in your personal opinion, what's the latest it will go? T - I don't know. Every reason has been given for it to occur. With the bonds gone thru how could it not? With what's going on in Iraq, they are already calmed down. You're not seeing any rioting on the streets anymore. That threat has been removed. With the threat of Syria they wanted it before that explodes, and now Syria is happening.
P - BREAKING NEWS ON TV NOW ABOUT SYRIA - T -I wish I could give you a backwall, but I don't know what the reason is. I'm ready for it any time this weekend.
C - what kind of an impact will the President's speech have an impact on the RV? T - I'd like to say nothing, but since it's the ME, anything that happens will impact the region and could impact the RV.
T - that was the big push to get it done before we go into Syria. It's sounding like we're going in by ourselves. Somebody has to take over the gov't there and none of them is prepared to take over the gov't.
T - Let's stop this call because I want to hear what's being said. If something really good or really bad happens I will schedule another call. The good news is that it's in place and the bank screens can be changed at any notice and I will update you. I got a call yesterday that 14 screens are being monitored for rates. If the info comes out in a blast and you might have to piece things together. Right now it's good - the bank people are there, the call center people are there - it can go live at any minute. With that, enjoy your day, keeping looking for it. I'll do a blast in a couple of hours with an update.
END OF CALL.