TNT Call notes 16-Jan-2015 Call Link: events.instantteleseminar/?eventid=64726293 Tony: Good morning, TNT! Today is Friday, January 16, 2015. Ray is not here; he is Dallas today, so look for him! He’s attending a funeral for one of the OpenMike members, but is also doing his class this weekend. DC, there are a lot of questions; we can get through our part quickly. DC’s voice is out, so let’s ask direct questions, to the point, so we can use his voice as long as we can. DC: East to West, Iraq is still very much in the agreement they talked about, set up and ready to go. That’s it. Everything is cued, and the question is exact timing – any time from now on. For those who don’t need details, there you go. For those who do like the details, Abadi and the Council of Ministers are working hard to get everything done, with some last-minute game-day checks – how is the training going, security, etc. That’s been going on for the last three days and over the weekend. That is quite rare for them to be meeting after morning mosque on Friday – throughout the entire country. Abadi and his crew have been coordinating that with the CBI, they have prepped everyone, and there were some last-minute adjustments associated with the decoupling of the Swiss franc; these were minor adjustments. They checked everyone is where they need to be, and they believe they have been given clearance by the US to let this go when they choose. On celebrations, they have a plan and it could be any day, everything has been prepped. As for ISIL, gains are being made with good missions in the past 48 hours, so congrats. They are keeping ISIL in the corner. The Anwar rehabilitation plan – road, signs, etc. – has now been accounted for. It’s been a very good week regarding ISIL. The customs agents in Iraq have put out limits on traveling with currency outside Iraq, and that has been confirmed from four different sources. This bank lasts for a week from last Tuesday to the 20th: you cannot take more than 10,000 dinar out of the country. That’s about ten bucks at the 1166 rate. I’m a cheap flyer, but that doesn’t work. They want to stop smuggling and that is with an RV window. They also want to prevent former political leaders from moving a lot of stolen or unclaimed dinar out of the country. They have found a lot of stashes in Baghdad and other places relating to former politicians who are now in Iran and Syria. Obviously they expect the RV within that window. The CBI and Finance ministry staff –some of which are in the US and other places – are making sure this is coordinated on a technical and procedural level. This is everyone making sure they are in constant communication, in case any wrinkles come up. Tony: Everyone is anticipating this and has agreed to the timeline. IN Iraq some banks were open on Friday, which is very unusual. Throughout the country, some banks opened after morning mosque. We don’t quite know whether that is in anticipation or because they had some transactions to complete. Something happened in their financial system that was very unusual… Monday/Tuesday was the day they expected to do this. They discovered some currency in the country they had to clear up because there was a large volume and significant people. Everyone was prepared for that, and they anticipate it today. Events in the market may be playing a part here, too – not destroying it but possibly delaying it. There is an agreement in place and final date that everyone says they can live with. All of iraq’s people and banking system were told to look for something, and we were not. Sometimes they think we get too much information, but we get it out of Iraq. Actually we are in a better place because of what happened yesterday. DC: It was great! Let’s talk about the Swiss franc. There are a bunch of good articles on WSJ and CNBC about what happened and why it might matter (or not). For those who don’t want to dig into those, the Swiss central bank, the equivalent of the Fed, said they could no longer stay pegged to the Euro in order to keep transactions easy between their biggest trade partners. It’s as if we said that we were going to a fixed rate for our major trading partners, so that it can be easy to see and exchange. They set the Swiss franc to 1.2 to the euro, and they said they would print more money as required to keep that rate. In 2011, when there was the big Euro crisis in Portugal, Italy, Greece and Cyprus, the euro was really in difficulties. So the Swiss said that they would keep the rate at 1.2 euros, and they agreed not to to push it. In the euro crisis, it’s really about Europe having been in a deep recession and they are looking for safe havens. They want to put their money in Switzerland, including rich Russians. There was also the slowing down of emerging markets, so money goes to safe havens like gold, US T-bills and Swiss francs. So instead of costing the Swiss government rhetoric, they needed to keep printing money as the franc went up and up. It cost them a ton of money to keep up with this, as well as their long-term potential balance sheets. It was like the Quantitative Easing that the Feds used, and the Swiss felt they were getting into debt. Meanwhile, in the next week or so, the European central bank is indicating some form of Quantitative Easing for Europe – that is, buying bonds and printing extra money. That puts pressure on the US ten-year bonds, gold and Swiss francs. So Switzerland decided they couldn’t take any more and decoupled from the euro. They didn’t let the US know or the European Central Bank know in advance, and everyone thought it would be a multi-year process. They just let it rip. They didn’t want anyone else’s input, they just let it go. The currency went up 37% in one day, then fell back 17%, and it was a real shock to the entire system. That’s bad for Switzerland because it makes their experts more expensive. The prices of their watches and chocolate just went up because their money got more expensive. It was also a big shock to their stock market, and that’s why it’s all over the news. How does this affect the RV/GCR? They were holding back the dam on any kind of monetary changes they were considering. There will be a lot of adjustments with the GCR, and effectively the Swiss said “we cannot wait any longer, nor can we let the US mess this up any further.” So that put cracks in the dam of the US control of this scenario. It’s adding a lot of pressure; what will happen when others start to move? Obviously, Iraq wants to get this done as well. If Switzerland, which has the most stable currency in the world, wants to change, then everyone else has to start adjusting as well. It’s wonderful that they created such a deal. Bottom line: Switzerland changed their rate without telling anyone, and they let it float. It ruffled a lot of feathers, but it was costing the Swiss so much money they could not go on as they were. It will hurt Swiss exports, but there it is. Tony: Switzerland was part of the GCR, and they were hurting like everyone else, and they got tired of hearing “Tuesday, Tuesday, Tuesday”. It was their last straw, but also they knew that Iraq was being held up from something held over their head. So they decided to let it go instead of waiting until next Thursday the 22nd. The RV would have been disguised by that, but the Swiss wasn’t prepared to let it go any longer and no one is holding anything over their heads. They took the first step; who will follow them? The US dollar started to drop, and the currencies are now out of whack. They did everyone a big favor by agreeing to be the first one over the picket line, and now everyone else has a reason to move forward without waiting for the Iraq. Their QE was just a disguise for where the money is really coming through – the RV. Those who don’t understand the GCR thought that this would collapse the global economy because they saw it as creating money out of thin air. So although people at the top were shocked and surprise at not being warned, the little people who are suffering at the bottom are ecstatic that some step forward has now been made. It’s forcing people to do something and stop talking about it. We have all been saying, “do it and fix it later!” Now they will have to do it, and can fix it with one country. It’s not something to be worried about. DC: IMF and BIS are dealing with the Swiss issues and the consequent adjustments. That is bringing in momentum for us. The US administration are saying they support getting this done within the window, and we are very thankful for that. The world economy needs it, too. The banks have in skeleton crews, and will pull everyone in upon completion in Iraq. They’re waiting for the signal from the Fed and UST as to when to bring everyone in to work, but watching the screens themselves as well. Tony: Everyone is on standby, and some people have been notified of appointments, too. 302 caller: [Appreciation] DC, you said “we believe the US has agreed to let this go through”; we have heard this before and it makes me nervous. What threat does the US have over Iraq to block them doing this? DC: How can the US continue to jerk around the world? By simply NOT issuing our belief of support, it messes up everything. Money is a confidence game. There has to be an expression of belief that the G8 and G20 countries that Iraq has sorted out their economy and their currency and that it is worth $3.58. All the US has to do is stutter a bit and it will all collapse. To have this go as smoothly as possible, every country has to be singing the same song. I believe that is happening now after many meetings and also following enforcement issues on the US side. They finally put some skin in the game, and they don’t want to lose what they have anted up. Tony: What is the US holding over Iraq? First, we can take away our vote of confidence. On the other hand, China, Germany, France, everyone else at the table is saying, “Wait, US, this is YOUR plan, and now you don’t have confidence in it?” So they think there must be another reason. The US can also say, “I won’t sell you any more tanks or whatever.” There are so many things the US can do to screw up Iraq, especially with a new leader. That’s much more than a no-confidence vote in the new currency. The whole thing the US has been doing – going there, getting out, coming back – all this makes the US presence integral to the new Iraqi government. If they threaten not to help Iraq any longer, that is major threat. DC: What could really cause a death spiral is if the US stutters in supporting the currency. If the US is not behind it, or feels its wishes were not represented (whether we deserve it or not)… President Obama must make sure Iraq succeeds, or the US public will be outraged. Everyone needs Iraq to succeed and then we all get an huge economic boost as well. I will bet Tony a (simple) drink that the US economy will end up with 6.5% boost to the GDP or more. Tony: I will not take that bet. We know what the benefits will be already: twice what the Clinton administration achieved. Caller: So you ‘believe’ all that has been taken care of and they are satisfied? And now you think that it will happen between today and the 20th? Tony: You want us to take out the word “believe” and say “we have been told that…” DC: People both on the high and low sides are all agreed this is the window. Caller: Why did the date 22. January come up for the Swiss franc? DC: That was the date announced by several central banks for when they intended to start their own QE – the Bank of England, I think, and several emerging markets. 305 caller: You’ve covered the dinar, but I’m interested in 3-D printing. They have a local outlet for 3-D printers in my area; I would love to discuss the possibilities of getting involved in that. Tony: I am 100% getting involved in that; we are just looking for who will be the leaders of that new industry. There is only positive things to be said about 3-D printer. You will have desktop models in your office, at every Kinko’s and all the other printing places. I have your number and we can talk about it. I spoke about it last year, and so did the President in the State of the Union address. It is there, and it’s the fastest growing industry out there. I’m glad you got to see it first-hand! Yesterday, CNBC showed a video saying that the Iraqi dinar is a scam; this has since been removed. I’m not an attorney; I think their issue was actually selling dinar when they had no authorization and also some connection with hedge funds. Some people were doing MLM and such with dinar, and that is illegal. However, just because some people did some illegal transactions, I don’t want anyone to think dinar itself is a scam. They don’t want every hedge fund and millionaire to jump on the bandwagon, so they want those guys to think it’s a scam. They will gradually find out the truth over the next few months. That’s the way it is being done. DC: I have no idea why they took it down. I have asked a few people about that case, and it was about unlicensed deals. You have to buy it from authorized outlets, and how you set up publically invested funds – you have to follow stringent rules. These people didn’t and it’s now biting them in the ass. There have been dinar scams, but there have been dishonest dealings in other industries for thousands of years – for example, the tulip craze in Holland three hundred years ago. Tony: There have been corrupt dealings making money off or around the dinar. They know about them, they have a list, and they are waiting until after the RV happens to get them, because then the value is higher and they can get them for a lot more. It was being talked about in the forum and I don’t want anyone to be concerned about it. DC: Some of the CNBC guys actually have dinar, and they were mostly told to “buy some and keep your mouth shut”. 562 caller: Any new information on the dong? [DC: No.] Last I heard, the street value of the dong was going down; so what is the revalued rate? And is ti still so? dC: The last I heard was 47 cents international and $1.02 contract rate. Caller Given what the Swiss just did, do you think other countries will do the same thing over the weekend and/or by Tuesday (if we don’t RV by Tuesday)? DC: It certainly emboldened some folks, especially regarding gold. The US ten-year bills are also getting hammered. I don’t see a lot of safety plays on there. British sterling is another safe haven, and that is already uncoupled. There aren’t that many folks pegged to the Euro or US dollar who will change their value. The pressure to get ahead of everyone means that there are a lot of phone calls asking if they are on board, and they are all saying “Hell, yeah!” Tony: The Swiss stepped out because they had the least amount of oversight, and that encourages everyone else to make adjustments to keep in step with the Swiss. They must not have believed the latest agreement, or the Swiss would not have done this. DC: The Obama administration and the Swiss government do not see eye to eye on this. The Swiss people are pretty jaded with the US forcing them to open the Swiss bank books and painting the Swiss as criminals and their banking system as messed up instead of staying focused on tax-evasion. The diplomats who deal with the Swiss tell me that the Swiss are still pissed, and they have good reason. 860 caller: I’m happy! Many are asking where they can do their exchanges. DC: I don’t believe there is somewhere specific to Ithaca; I didn’t see that on the list, but it might have been added. Otherwise, they’ll have to go to Buffalo. Same for Peoria, Arizona; they might have to go to Tempe or Phoenix. 540 caller: About the Zim – will the ZA revalue after the AA notes? Tony/DC: All I know is that I was told to buy some. So far as we know, they are still taking off six zeros. 602 caller: Since they have gone to so much trouble to train people for the exchange centers, are they still using them? Or is each individual bank handling it separately, or depending on your using their wealth managers? DC: I believe that a few banks will have their exchange centers in the major cities, but the rest will fold it back into their normal branches. They are still hoping to see people into the bank within two hours, until they have more people trained up – once they get the message this is actually happening. Caller: My daughter is ecstatic that this is happening before her birthday next Thursday, because she wants a new car! 404 caller: This is my first time this year. The Oscar-Meyer Home is for sale at 1.75 million (with renovation), and I think it would be cool if the Hot Dog King of this century were to connect with the Hot Dog King of the last century. Tony: I think that would be a great place for the Dinarian Museum. Caller: What news from the mosques this morning? DC: In the mosques, they prepped them for this happening any time, and some information for where their paychecks could be cashed (not at every bank). They mainly told them which stations to listen to for further information, as part of a slow rollout. They did say that salaries are now being paid at the new rate. The banks are not required to handle this, in Iraq, but most have the option to do so, and we do know of some that are doing this in Kurdistan and Basra. Tony: Kurdistan did receive the payment they were waiting for. Caller: Did you say something unusual happened in the financial sector? Tony: Last Tuesday/Wednesday was the first time ALL the Central Banks worldwide connected to make sure this system was complete. DC: They had done other tests, but we are being told that this was specifically for the RV. 541 caller: Good morning, super-wonderful-fantastic people! It was said a week or so ago that 30 countries agreed to this, then the US put a hold on it. If they put another hold on, can we exchange in another country? Or exchange just a little bit here for spending money? DC: The general public cannot exchange until this is public. We believe that this time the US is supporting the RV. However, if some other countries do start public exchanges, we believe everyone else will go as well. I think we will have options to exchange in other countries if that happens – but I truly don’t think it will happen, because everyone’s agreed, and why would the US make problems for something they have agreed to? 816 caller: I want to have a really good birthday next week, and see this by Tuesday! That other lady and I could do a lot of celebrating. I was in the bank I’ve been with for years, and I asked the manager this question: Do you know anything about the RV? She said, “What’s the RV?” I said it was about the dinar and she said they didn’t sell dinar, but if there were something like that, she would be all over it. So she can’t say I didn’t tell her! Do you think the Swiss deal is pushing this along? I hope the US stays on board; I think other countries are tired of them getting in the way. DC: It definitely caused some adjustments, and it’s definitely adding pressure to the situation to get this done. Caller: Is there anywhere you can go to look up the history of RVs so people can look it up? I’m not a member of the forum – unless Pam would like to let me in? Pam: I know DC did a really good Dinar 101 on a call, and I think it’s buried in the forum. Tony: There is one in the forum, and it would be great to post that in Tony Blast section. Wait, that will cost me money every time someone clicks on it! We’ll have to think about it. I have your number and will give it to Pam. 405 caller: It’s very interesting what’s happening in Switzerland. On a different topic, can you tell us how much it costs to keep this call and the site going? Tony: I can’t but we do have to pay when anyone posts, listens to the replays, etc. It depends on the traffic. We have 25,000 people on the call, and there are still only 2-300 people sending in money to pay for the month. I do appreciate every one of you! Caller: When we talk about people who are holding this up, I seem to remember that the Congress is supposed to be responsible for currency. They seem to have handed that off to the Fed. Is it the executive branch, Congress or what? DC: It’s a combination. You have people in the executive branch to make this work, with the support of Congress (in general and in committees). Even the judiciary have had some impact. The administration is in charge of the execution of this. Caller: I hope the Swiss has an impact; nobody saw that coming! [Tony: But we’re glad it’s here!] 435 caller: Is the cabal part of the reason the Swiss franc went the way it did? DC: No. The Central Bank said it got too expensive. And for the record, I don’t believe there is a cabal. I’ve had to apologize to heads of state when I’ve messed up, but never to a cabal. Tony: Pam just said that if you go to the TNT call on 2. January, 2015, that is the best call to answer all your questions. If you don’t get it after that, you just don’t get it. 405 caller: You said there were slight changes – does that mean dinar below $3.58? DC: We were talking about the Swiss franc because that was a major stable country. They wanted to adjust with respect to the dollar, yuan, pound and Euro. For the dinar, we believe the range will be between 3.22 and 3.90, with $3.58 on the cards. We believe that there wills till be a slow rollout here in the US, starting with the internet groups and then releasing it to the general public. We believe that normal people will be in the banks as soon as they let this go; there is not really a way to stop that happening once it is out in the public eye. Or they could stop it, but it wouldn’t be pretty. 718 caller: Always remember, some people have more balls than a pool table, so don’t let them get you upset. All of you have no choice but to adopt me, because when I listen I fall asleep – you’ll have to take my number and help me out, because I will be pitiful. I am listening for my niece, who is working, so maybe Pam can take my number and call me? Tony: I will definitely pass it on to Pam! DC: There must be 100+ people who we put to sleep. Caller: [Appreciation] And please tell those people to hurry up and do something! 281 caller: Had some confirmation on the Swiss event and how it’s positively affecting our situation and moving this forward. My friend has been in for ten years. We are ready to roll and go hunting. I want to take Tony a grizzly bear hunt. [Tony: From the jeep!] Maybe we can use Tony as bait! Remember, God rewards you for your obedience and sacrifice; the blessing will always overtake the curse. [Appreciation] DC: I was in Alaska fly-fishing with my family, and my uncle loves camping out in the wilderness. We had to take two bush-planes and a canoe to get out there. I was fishing by Uncle Jerry, and a grizzly bear with two cubs came by. So I started walking away really fast and hollered at Uncle Jerry to come away… in his waders. He was moving so slowly and the bear was getting closer and closer. So to avoid being grizzly bait, you only have to be faster than my 83-year-old uncle. I went back, hoisted him over my shoulder, and carried him back to camp – and he complained I was jostling his cigarette! 772 caller: I’m awake! I wonder which currency might flip before the RV goes… DC: I don’t think anything will go before this goes, considering all that is going on Iraq right now. I don’t think there will be time for that. Caller: We’ve all been questioned out. I just listen to keep my finger on the pulse. Yahoo! Let’s get these suckers on the road! 936 caller: If this goes by Thursday, I’ll have the best birthday ever – I’m going backwards now. Do you still think this will go 4am to 6am EST? DC: Yes, that is still the case, and the best window is between 2 and 5 am, after the markets close and before the US banks open. Caller: If this goes today, will some banks be open on Monday? DC: Each bank has its own plan. Some will be open on Monday and the rest on Tuesday. If it does happen tonight, there will definitely be exchanges Saturday/Sunday. Caller: I heard a rumor the Groups will get their numbers tonight…? DC: They will get the numbers when the Iraqi people get it. They won’t get it before the Iraqi citizens or before us – they are too high profile (like us). 520 caller: [Appreciation] We have 25K dinar without a gifting letter. Would I need a receipt to exchange at the airport? DC: No. You could also send her an email saying “Thank you for your gift on this date.” Caller: I’m very interested in 3-D printing – you will send us that information, Tony, right? Tony: I’m pointing you in that direction now. Washington is concerned that if I say, “XYZ is the best company out there,” then everyone will invest in that company – it’s about the influence. I’ve looked at four major companies, and there are opportunities within the industry itself that can make you a ton of money, but it requires work and research. I would love to talk to you all so we can exchange ideas; what I can’t do is refer anything for you to invest in. I can only tell you what I’m doing; I’m not a financial adviser. I will make money because I know when to put money in and take money out. Not everyone knows how to do that, and if they lost money, they would blame Tony! Caller: I know there is a conference going on in LA this week, but I didn’t have the funds to go there. I hope we get to network and stay in touch. We can’t wait to meet you all! Tony: That conference was just the beginning. This industry has barely got started. Even if we don’t have our meetings, you guys are always welcome to dinner at DC’s ranch… DC: WE believe that Iraq is very ready, there is a soft rollout going on now and we don’t know how long that will take. The US is being supportive and we are grateful. The Swiss changes are applying pressure, and we are expecting this to go through at any time over the next four to five days. Pam: Be ready so you don’t have to get ready! Have a plan, even if it’s not complete. Tony: Ray wasn’t able to make it today, and we send out condolences to the family of the OpenMike member whose funeral is today. There is an agreement in place, and it could happen anywhere within the timeframe they have agreed. It doesn’t necessarily mean in the next 30 minutes or this afternoon. We do know that there was to be a global announcement next Thursday and it could well happen before then. We are within the window. I love that Swiss stood up and did what they had to do to survive, and by doing that, other countries will follow. Everyone has suffered enough, and there was a general agreement that clearly the Swiss were not willing to wait for any longer. I hope this weekend will be it. We will either do a short call on Monday or we’ll be at the bank!
Posted on: Fri, 16 Jan 2015 20:19:22 +0000
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