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TNT SHOWTIME CC (Notes by Adept1)
TNT Call notes 30-April-2018 Replay: 641.715.0623, PIN CODE 409029# AUDIO REPLAY LINK
RayRen: Good afternoon, TNT super-fantastic family! This is Marvelous Monday, April 30, 2018, with yours truly RayRat98 here, along with…
Tony: Gooood morning, TNT!
RayRen: It was extremely quiet on Friday and over the weekend. However, we sent out some updates since the last call:
Wednesday afternoon: Iraqi TV reports that private banks in Iraq are permitting all international banking organizations to enter into their financial markets.
Thursday morning: Abadi and Barzani are becoming like “best buds” and there is peace among the land.
Abadi has approved international flights in Kurdistan. Iraqi TV reports Alaq, with the CBI, stating Iraqi banks totaling 200 billion dinar in assets and that they are ready for the economic impact.
Friday update: It is being reported that thousands are attending the banking seminars today where free services are being offered to the citizens. Free Mastercards are being distributed loaded with dinar. The benefits of the new banking system are being explained to the citizens. The banks are discussing the advantages of being linked worldwide and on an international scale.
Sunday’s update: The Association of Private banks partnered with the CBI at the University of Baghdad college campus to promote the new banking services at no charge to the students. The CBI says that the Memorandum of Understanding signed with VISA International allows the Iraqi citizens worldwide use.
Tony: Can anyone on this call give any real answers?! What is going on? We did not do a call on Friday because I spent all day drinking at the cigar bar, but told you chumps that we were waiting to see what was going to happen… If you are tired of my lies, please report me to: Judge's email/phone: email@example.com 913-735-2340 DA's email/phone: Scott.Rask@usdoj.gov 913-551-6730 On the bank side, most people we deal with said this would be done by then end of this month. They have been saying that since the first of this month, saying that people would be trained, etc. This was coming from bank managers, wealth managers, memos, and all the other bank sources.
Saturday and Sunday, even today the banks are quiet. On Friday, we heard that there were bankers complaining because they were just finding out this thing is real. There were phone calls and emails saying their people were not ready, their people couldn’t explain this and so on. Two banks felt they were not getting a big enough piece of the pie, and they wanted to make changes (on Thursday and Friday). Then there was nothing much over the weekend. After the call on Wednesday we had a flurry of calls about the “u codes” with memos popping up they had to read before they found out what was going on. Some of the exchange locations and call centers got one message while other parts of the bank got different messages, so it was confusing for the banks.
We are still waiting. The US Treasury said to look for it between now and next week. It will pop up. On the Iraqi side, they just came up with two more holidays. Out of 365 days in the year, 150 of them are holidays in Iraq. Part of their responsibility is to change that, because investors and contractors are saying there are too many holidays and not enough work days. But this week there are two religious holidays, and almost everyone will be off on Wednesday and Thursday, then Friday is their holy day, so if it doesn’t go today or tomorrow, it will be next weekend, probably. Some are saying they don’t care about the holiday, they just want this to go. Last week was their week of financial inclusion, which they have every year starting on 27. April.
This is the first year we’ve heard about it. They have had fairs and events at the universities, malls and banks all week. While we haven’t seen the RV, Iraq has been gathering in the three-zero notes, and they can only do that if they get the people to believe in the banks. Last time they had banks, under Saddam, the banks took all their money, so they hid all their cash at home. They didn’t trust banks, so the banks had to rebuilt that trust for the people to bring in their three-zero notes and accept the lower denominations, and believe in their financial system again. They funneled all that into this week, with banks offering free bank accounts and credit cards, just trying to get them out there and get people to sign up and access their money from any bank, or internationally, or on the internet.
They were educating people about the safety features, and how if they use the cards, they won’t carry money in their pockets where they can have it stolen, or be subject to different rates in different areas. The politicians already know, because they started with them, then the adults that they could get in, and now they are working with the young people. Everyone who is paid by the government is already being paid on their cards, and then they moved on to the universities, to the kids who don’t have jobs but who are smart enough to get into school. They then went to the malls, where people have money.
The banks enticed people with cards and loans left, right, and center: car loans, house loans, business and educational loans… but you have to be part of the banking system to get it. That’s how they will develop the economy. Why are they going to all this trouble? They want to get everyone in the banking system, but also because they can only switch this over once they pull in the three-zero notes. People don’t even need the lower denominations if they use their cards! It’s better for people to use the banks and ATMs, and the electronic system in order to change the rates at the flip of a switch.
So it’s an easier, faster, more modern way to do this, and that’s what they have been doing for the last five days, getting as many people signed up as they could. Where is Iraq getting all this money for personal loans? People are putting money in the bank because they are being paid on their cards. The Iraqi banks are also changing to fractional banking, just like our system. Also, they based their budget on an oil price of $45, and oil is now up to over $80, so money is being generated. This makes Iraq look good. They had this big push – will they do this now?
The CBI says they are waiting for stability and security. Iraq is as secure and stable as it is going to get before the election. They are as secure as they were in 2009. Sure, they have issues, but so does Chicago. What if the CBI meant “when we have enough security in the banking system”? When enough people are in the banking system or with money on their cards so that they can control fraud on the cards and the currency? Because that’s what they have building. They are showing the people all this good stuff so that they will have faith in the new economy and banking system.
It doesn’t make sense that Abadi would wait until the elections and give someone else this kind of gift. So… is Abadi saying, “I can’t buy the votes, but I can give people money on their cards” or through the monetary reform?” They were taking 65% out of their paychecks, and this month, that has dropped to 35%, which means a 35% increase in their checks. They get paid this week, too, so in effect Abadi is showing them that their life is improving through his policies. Is there a free election going on? Or is there something going on behind the scenes to make sure one person is elected rather than another?
There has been a whole lot of money flowing behind the scenes, and people don’t do that unless they are sure about that is happening. They say that Parliament will stay the same up until 1.July, which is part of what we were worried about. I just don’t see them doing all this work for nothing, or to see changes that will only take place months down the road. People have been waiting for years for this to reach 1:1 with the US dollars, and then speculate that it will climb to pre-Saddam rates, but I think that it will happen more like Kuwait, and make the leap from one day to the next.
A gradual float doesn’t make sense, watching it grow over the next ten years to grow into the rate they want it to be. Iraq has educated the higher government people, and spent the last week educating the college students and then the uneducated people. That is the big picture, and we see how it helps. So, from the CBI’s perspective, is it the security of Iraq? Or the security of the banking system and how that will work for the people? They have activated the new system without a single error so far, and that’s what we have to look at, globally. Are we doing a call on Friday?
RayRen: Probably, but we do have a meet-and-greet in Sacramento on Friday. The call will be late on Friday because I’ll be flying to Sacramento on Friday morning. So if anyone wants to join us, you need to let us know so that we can get a location set up.
Questions from the TNT forum
Q: Is there an update on the “codes” with timing info on release of the RV provided to bankers some weeks ago??
A: Haven’t heard anything.
Q: Can Ii give a million dong to each of my siblings?
A: Technically, yes you can –BEFORE the RV, with a gifting letter or statement, so that you are not hit with gift tax when the value changes.
But what is the best way to give them? What is the utopian way to give?
A: If you give it to them, and they exchange it, they have ownerships and the headaches attached to $400,000+.
B: A better idea might be to establish a trust for the siblings to run, place the results of the exchange in that trust, and teach them how to manage that money for their families, while drawing a salary.
C: Another option is to create a charitable foundation, from which they would draw salaries and expenses, while doing charitable work. That forces them to expend these funds on charitable projects, plus they would have a salary and employee benefits, plus YOU get the tax write-off.
Q: Could you please explain the purpose of the currency auctions in Iraq and why some in power don’t want them to end?
A: The banks have to buy their money, and they might buy a million dollars worth of US dollars, but they don’t have to pay for those dollars for a day or two. They take those dollars and put them out at the exchange dollars, and they might make 100,000 profit before they have to pay for the dollars. So they will have more than enough to cover that check; they’re supposed to have that million in the bank beforehand, but they don’t, so really they are running a scam. Iraq has identified 25 banks that aren’t really banks, set up by members of Parliament, and they are making millions from the auctions. They know who is doing this, and in theory they are going to get the people doing it, eventually. They changed the rules so that you need to prove you have the money upfront, and that lasted a week. They know who is doing this, and the minute they RV, they will stop the auctions and the money will go back to the government, but they have yet to do that.
Q: On Monday’s conference call Tony mentioned that he should have an update from the banks on the exchange process by Wednesday’s conference call. Are there any updates today from the US banks on the exchange process or rates?
Q: I understand that we’ll want to keep money in the exchange bank (we will go with WF for leverage), and that the Personal Bankers are working to make $ for the bank first and foremost. What about Abbott Downing? I know they are tied to WF, so is their first objective to make $ for the banks, or for their customers?
A: Wells Fargo created Abbot Downing for the ultra-rich. Any bank or investment house wants to make money for themselves and that is their first priority. They make money including bonuses from the investment products they sell to you, and they work for the bank, so…
Q: Any updates on the ATMs that were supposed to activated a week ago? I thought they were celebrating that day?
A: They were supposed to celebrate Sunday but they didn’t.
Tony: Also, no codes showing right now, and no activity expected until next month, which starts tomorrow.
Q: Now that Visa International has signed a MOU agreement what is the effective date of the MOU, with Iraq?
A: I haven’t seen the Memorandum of Understanding, but they told them in Iraq that they can use them today, internationally. Our bank guy in Iraq is now saying he doesn’t think this will happen until after the election on May 12; that is what they are saying, even though they know they are being lied to all the time.
Q: What is the agreement with us for the contract rate?
A: We do not have details. Will we find out through the both of you before we’d call the 800 number. A: If we get it before the 800 number… We have already told you the contract rate is $28.50 got all. The groups were getting $28.50 because they had an agreement with China, plus they still have to pay 11% tax. We will get $28.50 and pay no tax. Also between my son and his wife connect to me? I thought we would be allowed to discuss business affairs info with each other also since we all have the Dinar.
A: If you all go for the dinar contract rate AND all sign the NDA, then you can discuss it between yourselves. If none of you sign the NDA, you can also discuss whatever you wish Will the Dong have a contract rate?
Q: We are being told only dinar has the contract rate now. If so when we call the 800 # we give the total amount for each currency ?
A: Yes, they want to know your total holdings so they know where to send you.
Q: Are we still to use the acronyms like IQN or VNQ –probably wrong–away from my notes— when doing the exchange? Or do we just say the regular acronyms on the U N Treasury website?
A: Ask for each, and take the higher one. All the new currencies are supposed to be N codes. But you can always ask what is the rate for both.
Q: Are we looking at this week or next? A: Most people seem to think it will NOT happen this week, whether because of the holidays in Iraq, or lack of training in the US. The US Treasury seems to think it will happen later this week or early next week.
865/404 caller: If it doesn’t pop until after the election, how soon after will this go?
Tony: Unlike previous elections, Iraq is saying they will know the results two hours after the election. Also, they will use the existing Parliament until 1. July.
Caller: Can you bring us up-to-date on the other currencies?
Tony: I don’t hear anyone complaining. As the value of the dinar changes, with oil going up, that affects the dinar rates, and it also affects the other rates.
347 caller: Are those codes inside information, or can someone walk into the bank and ask about those codes?
Tony: That’s information you only get to know at the executive level.
610 caller: if you are financially able to donate, please send your check or money order 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.
Tony: Thousands of people listen to this call, live, and millions listen to the recorded call or read the notes. Since I started doing this again, the numbers on the call have doubled. We have ten thousand people on this call right now, and only a hundred people donate to keep this call going. It’s been the same 100-150 people donate all the time to carry this call through for everyone else.
281 caller: If it is delayed until after the election, will that mean more delays?
Tony: The CBI has said they have completed everything they need to do, once there is security and stability – nothing about more laws or whatever. If the results are in within two hours, Abadi could declare the RV right away, if he chooses. I don’t see any reason to wait. I think Abadi should do this before the election to carry him over. The US laws that mandate our going gold-backed was passed on 3. March, 2018, and it still has no effective date, so we are not waiting on trump to announce that. If we were in control of this process, why would we keep setting dates and not meeting them? If we were in charge of this, Treasury would know for sure is that it is happening (or not) and given real dates. We have a lot of influence, we did put Abadi and Lagarde and the IMF in place, but we don’t make all the decisions. Trump has already declared he is not a nation-builder, so he’s not waiting for (or contributing to) any of this.
312 caller: Any banking updates on what the committee told you about caps/limits? Tony: The banks are saying ‘no limits’, so every week this doesn’t go, buy some more! As for Iraq, why do all this right now, if they are not ready to go right now??
Caller: Let’s hope this is the quiet before the storm, holiday or no holiday!
972 caller: You said recently that VNN is a good deal – do you still think so?
Tony: At $39 per million, and worst case it comes out 47 cents, that is $470,000 – that’s a pretty good deal to me!
Caller: I paid $70 per million dong in Texas, but it’s still a great ROI.
Tony: Call Travelex, you can buy it online in any state. IN caller: I just called WF a few days ago, and they still say they don’t handle dinar.
Tony: How many times do we have to go through this? I know for a fact – there are people I know who operate an exchange center, and others with call centers, and still others who train exchange agents. I know WF executives who know exactly what they plan to do. Yes, WF is the foundation bank when it happens, and it will happen – they just don’t know when.
[I had to leave this call here. Check Sunny’s Cliff notes for closing statements.]
Closing Statement (Sunny)
TONY . . . Again, it was a n interesting weekend watching what was happening an dhow fast they are moving to get their economy back and the banking system moving. Our bank guy says the code is not there, was an effective date and it’s blank right now. They don’t think anything will happen his week. Banker in Iraq says he does not think it will happen until after the elections. Bank guy in US says they are waiting for Iraq to go. We know what Abadi has said and CBI says “stable and secure.” They ran the systems this week end and no errors, no hacks – it’s stable. Using Visa and MC. Is it before the election or after? Everything they are showing and telling us is everything is complete. Makes sense before the election. They may do it on the 6th, 7th or 8th so people celebrating before the elections. I’m looking for it to go before then. If it happens later we have to be concerned about Parliament. Not waiting for rules or anything else. Nobody said it. Alak didn’t say it. He said, “it is done!” All we are waiting for is for them to activate it. Possibility we will talk on Wed. Enjoy your day.
RAY . . . Remember PYP – protect your principal. Especially those who will not be exchanging into the millions. Smaller guys definitely have to make that your priority. Try to borrow whatever you need. . . let your money go to work for you and create revenue. Utopian giving – the ABC’s of giving. Means so much more than just the little bit I give it when we speak on a call. One more thing – the investment community is well aware of what is going on. Not just the banks. We say don’t rush to do your investments. I’m tapping into other community resources and they two are planning just like the banking community is planning. They are not going to give you the best thing first. Your going to have to ask for it. In some cases demand it. Don’t bite on the first thing offered to you. Don’t rush. Take your time. Let us gather information and then plan your action. Enjoy this marvelous Monday. Keep believing. We sure do.
(played “I Believe”).
RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA
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