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 RayRat Call Notes 12/22/17

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PostSubject: RayRat Call Notes 12/22/17   Sat Dec 23, 2017 8:01 am

TNT Call 22-December-2017

Replay: 641.715.0623, PIN CODE 409029#


https://events.iteleseminar.com/?eventID=104066643

RayRen: Good afternoon, TNT super-fantastic family! It’s Fantabulous Friday, December 22 2017, with yours truly RayRat98 here, working the controls. The tweet said, “Interesting predictions are abounding.” Some predicted that when the tax bill was signed, the RV would happen and we would see it on Friday. The tax bill was supposed to be signed in January, but lo and behold it was signed today – so that might come true. We have half of Friday still to come. Others predicted that the rates would go live on Friday because they are seen on the screens, so we’ll see.

Here is the update we sent out yesterday (Thursday):

Various good sources have shared the following with me…

Iraq’s Finance Minister wants all departments and banks to have all of their financial transactions completed no later than Saturday, December 23.

[Could it be so that all debts are cleared so a new rate can emerge? Hmmmm]

Some US banks have received memos indicating a rate change, supposedly on Friday with exchange activity for sometime next week.

Some US banks are expecting to be in “Standby Mode” starting sometime next week.

[Maybe they are anticipating something?]

The CBI has officially become a separate entity from the Government of Iraq. It was voted earlier last week and signed into law today.

What rates reported on the screen? Dinar = $3.40-50, dong = 47 cents; Indonesian rupiah = 1.48; Iranian rial = 3.22; Afghani = 2.39; Zim = 12 cents. Information has been floating around that tier 3 people/groups are exchanging. We haven’t been tracking the tier information, but that was reported (to me) as happening before Thanksgiving, but only reported in public in the last day or so. We are also hearing that information applies to tier 4, only now.

The Zim info I have been receiving this week falls in line with Zim intel that others have received in the past: they are saying no zeros will be removed, and there will be no 80/20 plan. However, it’s possible that In place of removing six zeros from the note, they are adding zeros in front of the rate (to the right of the decimal point) to give about the same rates as has been expected. The good news is that Zim should be in the first bucket, and something will be done with it.

There is a possibility that 800 numbers will not come out in the anticipated way, but that’s okay – we already have 66 banks that will handle dinar anyway. The banks may send you directly through their areas or districts to do your exchanges. I believe the banks have everything they need to move forward, and they will make that decision to move forward when they are ready. They may be waiting for one more thing to make them feel comfortable. We are hearing the rates are live, but we are waiting for confirmation on that. We then think the general exchange activities will start on Tuesday of next week, with sporadic exchanges over this weekend.

Everything looks great and I’m super-excited. If you don’t go before Christmas, you should be going after Christmas – either way, this should be your last broke Christmas. That’s as much as I can tell you without telling you…

Questions from the TNT forum

Q: Is exchanging Now versus the first of the year really going to make that much difference when you’re talking about hundreds of millions even billions they’re going to taxes at the max?
A: When there is something you want to know, pertaining to your family, who do you normally go to – especially if it happened before you were born. We normally ask the oldest members what they remember, such as who married whom, where they went to school, and so on. They can tell you something that was agreed or said that carried over to the next generation. Because we do have lapses of memory or life before they can pass on that information, some families write things do. The same is true of our country: there are things written down that we can review and reflect upon, especially relating to law, commerce, and other countries.

I went over this exercise in the last two calls. If you exchange, say, four million dollars and tax is 50%, then on December 22nd, you will owe two million because you won’t have a lot of write-offs to lower your taxable income. If you wait until 2. January, with the same numbers, the difference is that you have 12 months to plug in strategies and opportunities to earn some more money and to bring your taxable income down to, say, three million, so the tax would be 1.5 million rather than two million. So, by waiting ten days, you might save half a million dollars. YOU answer the question: will exchanging before the New Year make much difference to your situation. Do the numbers for yourself to get a picture of what your best strategy is going to be. Would you wait ten days to be able to keep half a million?

Q: Do you know which bank will loan on the Iraqi Dinar?
A: No. I don’t know of any bank at this minute that will loan your money with your dinar as collateral. However, if you mean using other people’s money, I meant that bank will know your net worth even if you don’t, from the minute you go in there saying you have currency to exchange. If you need a small loan for a short period of time, the bank will probably work with you. If you ask, what’s the worst they can say?

Q: do you think that if we wait and not exchange right away that the market might drive the dinar as high or higher than the contract ?rate? Or not that high?
A: I doubt it will go as high as contract rates, which is believed to be 20-30. Iraq has said their currency can withstand a rate of $16, and I cannot see it going higher than that. So if the contract rate is available on Monday at $20, I’m all in. I don’t expect the market would drive it up that high, and I’m not willing to take that chance.

Q: now when this comes in this week or next would it be smart just to exchange just one note?
A: We have been over this again and again. Why would you want to exchange that one note? Let’s say you exchange one 25,000 dinar note at $4; that would be 100,000 dollars, and maybe you believe you need that for some particular purpose. Let’s say the market drives it up to $8; then a few days later, your 25K is worth 200,000. You lost the opportunity to gain another 100K – plus the opportunity of what 100K could be generating for you 10, 20 years into the future. What if that 100K generated 10% per year, compounded – you have lost that as well. However, if you’re going for contract rates, exchange it all. When you consider making a move, ask yourself WHY you want to whatever that move will bring you. I think we know this is real; don’t waste a note to prove anything, or for short-term gain.

Q: I thought that banks were already standing by, is what you said in tweet different? [RR: It’s like being on call – no vacation, or not being more than 30 minutes drive away, because we may call you in quickly.] The CBI being out of Government, is that good? A: Yes, it’s good.

Q: Is it wise to set up an foundation and place all things under its name but set up a payment (employment) plan for my wife and me?
A: The key is knowing all that is involved when you do that. When you establish any kind of entity, that entity will own all that money; you will not be at liberty to spend it any way you see fit, because it is no longer yours. You may be in charge of it, but have to follow the requirements of that entity.

Q: 1. If you haven’t discussed this already today: are there any nuances or clues you can share about timing… like why you have been thinking this will go before 2017 ends… and what might be factors in delays?
A: I think that because that’s what people are telling me from Iraq, in the US, information in the news… Everything points that way, with Iraq wanting to get things wrapped up before the end of the year. The CBI Governor has given instructions to get debts settled before the end of the month, and banks are talking about rate changes in the next day or so.
Q2: Why might it not “pop” til 2018, and how soon in the New Year if this be the case?
A: I don’t know any reason for that – my sources are saying they want to push it through now.
Q3: Is it still looking like the Iraqi Dinar, Zim, Dong, Indonesian Rupiah and Iranian Rial will all “pop” at the same time?
A: Yes.

Q: Do you think the passage of the new tax law was a necessary precursor for the RV?
A: No. I just think it was convenient, just a timing thing.

Q: How many zim notes will we be able to exchange? I’d like to know if I have to give extras away or do I keep them?
A: All of them.

Q: Ray, re the Zim, any word about required structured payouts?
A: That will not be in effect, I am hearing.

Q: Tweets?
A: Send the following to 40404: FOLLOW @THE_TNT_TEAM.

Questions from live callers

865/404: You said the rates were expected to go live today, with sporadic activity until Tuesday and then lots of exchanges. What about Christmas Day?

RayRen: The banks I’ve talked to don’t expect people to work on Christmas Day.

Caller: Is the CBI Governor talking about end of business day on Saturday?

RayRen: That’s what I’m hearing, then I hope they will release the rate and we’ll be in the banks on Tuesday.

Caller: Can you review any information on background checks?

RayRen: You cannot share information from one call on another call! We’ve heard the term ‘Know Your Customer’; the banks want to know someth9ing about you, especially if you are a high-volume currency person. I’m sure your bank already knows that about you! I think that the deeper information is already known by the powers that be. There is no secret about those who bought a lot of currency; dealers have asked for ID, social security numbers, etc. The aim to be aware of terrorists who might fund their activities this way, and no one wants that. I would think they have already been looking at patterns where those without money are buying lots of currencies. The banking people will be able to tell us details at the banking seminars.

610 caller: if you are financially able to donate, please send your checks and money orders to Ray Renfrow, PO Box 1748, Elm City, NC 27822. You can also find the address at www.tntsuperfantastic.com; click on the Donate button and send your check today.

718 caller: Will Zim still be only the trillion notes, or will they take the others, too?

RayRen: I assume they take all the denominations.

703 caller: [Appreciation] If we know that we are owners are something wonderful, we don’t have to go and plead for what we want. We are empowering ourselves so that the bank wants to deal with us.

847 caller: If I’m exchanging currency while my husband is in hospital, can you tell us about the power of attorney?

RayRen: A PoA gives a person the authority to act on behalf as another person. They can be very specific and limited, depending on what you are trying to do. We have been told that both spouses must sign for the NDA on a contract rate, but otherwise you shouldn’t need an PoA to deal with your exchange.

512 caller: Historically, the 12 Days of Christmas last from 25th December to 5th January, so we have some leeway in exchanging gifts and sending cards. [Actually, the 6th is the Twelfth Day of Christmas.]

423 caller: Let’s say that it revalues today, and the banks open on Tuesday. We choose not to exchange until 2. January. However, our tax returns ask if we have foreign currency, and if it’s already worth a high amount…

RayRen: Look at that again; it refers to foreign currency accounts. Also, they are interested in your INCOME, not your holdings. I think some members are confusing tax on what you are earning on foreign currency (in a foreign account), now for what you are holding (before exchanging the currency).

386 caller: On the Zim, you said “twelve cents with six zeros off”, and then said you heard they would not be taking zeros off. So

RayRen: I understand that if the rate is 12 cents they will take six zeros off the 50 and 100 trillion notes. Then there was the possibility of an 80/20 split. Now the information is coming to me that they may not take off the six zeros; if that is the case, then they will adjust the rate with a few zeros in front of the 12, and we will exchange with the rate shown on the screen. So there might be .00000012 rather than .12 (as a rate). Keep in mind I’m saying “IF that is the case”; we don’t know. Hopefully between now and Tuesday we will know!

863 caller: Now that this is wrapping up, will there be a farewell call? Or a training call? What’s the plan?

RayRen: Both a training call, and then the last call.

Closing Statement

This Fantabulous Friday, and will not have a Monday call because that is Christmas. If anything wonderful happens before then, I will let you know. For those who celebrated the 12th to the 20th, Happy Hanukkah, and Happy Kwanzaa for those celebrating that. For those celebrating Christmas, here is a Christmas poem (already posted).

[Music: We Wish You a Merry Christmas]

RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA
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PostSubject: Re: RayRat Call Notes 12/22/17   Sat Dec 23, 2017 9:25 pm



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