Stage3Alpha:
Awake-in-3D: May 15, 2015
Everyone (Gurus et al!) has their own focal point and zone of information. For some it's only about Iraq, or it's about global economics, while for others, it's the New (return to) Republic.
For others still (myself included), it's about who or what pays for this whole shootin' match - regardless of which view one takes.
The historical assets and related Bonds are key... and there is more than enough of the valuable stuff to back the currency reset.
Follow the money. Nuff said!
DID SOMEONE SAY HISTORICAL ASSETS & BONDS! :)
....
Awake-in-3D: May 15, 2015
Everyone (Gurus et al!) has their own focal point and zone of information. For some it's only about Iraq, or it's about global economics, while for others, it's the New (return to) Republic.
For others still (myself included), it's about who or what pays for this whole shootin' match - regardless of which view one takes.
The historical assets and related Bonds are key... and there is more than enough of the valuable stuff to back the currency reset.
Follow the money. Nuff said!
DID SOMEONE SAY HISTORICAL ASSETS & BONDS! :)
....
***********
G T May 15, 2015 at 11:36am Maybe Not INTEL....But SHO' NUFF NEWS!!!
Dollar falls against the euro to its lowest level since February
2015/5/14 15:44
{International: Euphrates News} The dollar fell against the euro during trading on Thursday, bringing the euro above $ 1.14 for the first time since the month of February last by the weak US economic evidence.
Indicators point to the possibility that extends slowing US economic growth at the beginning of the current year to the second quarter of the year.
By 13:22 Moscow time the single currency for the euro zone rose 0.7% to $ 1.14287, and the dollar index fell 0.5% to 93.196, its lowest level since the launch of quantitative easing euro zone this year.
The US currency fell to its lowest price in two weeks below the level of 119 yen, and to the lowest level in six months against the pound sterling booming, who scored to $1.5789
http://ift.tt/1QPN8WN
*************
TM May 15, 2015( Landa Global CC May 13th -Pre-Release)
http://ift.tt/1bfWr1Y
Here is the latest intel.
http://ift.tt/1QPN7SB
***********
KThompson > Everything ponts to iraq having an international currency. Importing goods, paying contractors, awarding contracts, selling oil, selling bonds, isx. Are they keeping it from forex so we cannot exchange. Doesnt seem like a big rush to formally make rate public as they are carrying on as if international already and doing just fine.
************
R.V. / GCR May 15, 2015 at 1:54pm U.N. has not updated
R.V. / GCR May 15, 2015 at 1:32pm Militia`s in usa have just went from stand by to on duty
Nana > R.V. / GCR May 15, 2015 at 2:14pm PT, that is electrifying . . . Pray that the Good Guys will soon be in charge!
Janie > R.V. / GCR Okay here's a random thought.... what if the delays coming from the White House and a different scenario. What if Tony/DC's "new listeners" Wednesday and today are "trainees" from the new Republic Congress, and they're getting caught up on the background of the dinar journey? What if ~ with PT's posts just now ~ they've been delaying this to make sure the Republic is settled and ready to reveal before they release the RV? ~ just saying it.....
R.V. / GCR > Janie On task
IP > Janie I was wondering who the new listeners were... They didn't explain, but they must be important. Hmmmm... Maybe the delay has something to do with the Republic or the TRNs.
Robert E > Janie That is basically what Zap said on his wed lanta call...that the families were waiting until the new us republic is ready before they fund the process...
Dan C.> Makes sense Robert. There would need to be the structure of the Republic in place before we could turn it loose here, since the Old corporation is history.
G T May 15, 2015 at 11:36am Maybe Not INTEL....But SHO' NUFF NEWS!!!
Dollar falls against the euro to its lowest level since February
2015/5/14 15:44
{International: Euphrates News} The dollar fell against the euro during trading on Thursday, bringing the euro above $ 1.14 for the first time since the month of February last by the weak US economic evidence.
Indicators point to the possibility that extends slowing US economic growth at the beginning of the current year to the second quarter of the year.
By 13:22 Moscow time the single currency for the euro zone rose 0.7% to $ 1.14287, and the dollar index fell 0.5% to 93.196, its lowest level since the launch of quantitative easing euro zone this year.
The US currency fell to its lowest price in two weeks below the level of 119 yen, and to the lowest level in six months against the pound sterling booming, who scored to $1.5789
http://ift.tt/1QPN8WN
*************
TM May 15, 2015( Landa Global CC May 13th -Pre-Release)
http://ift.tt/1bfWr1Y
Here is the latest intel.
http://ift.tt/1QPN7SB
***********
KThompson > Everything ponts to iraq having an international currency. Importing goods, paying contractors, awarding contracts, selling oil, selling bonds, isx. Are they keeping it from forex so we cannot exchange. Doesnt seem like a big rush to formally make rate public as they are carrying on as if international already and doing just fine.
************
R.V. / GCR May 15, 2015 at 1:54pm U.N. has not updated
R.V. / GCR May 15, 2015 at 1:32pm Militia`s in usa have just went from stand by to on duty
Nana > R.V. / GCR May 15, 2015 at 2:14pm PT, that is electrifying . . . Pray that the Good Guys will soon be in charge!
Janie > R.V. / GCR Okay here's a random thought.... what if the delays coming from the White House and a different scenario. What if Tony/DC's "new listeners" Wednesday and today are "trainees" from the new Republic Congress, and they're getting caught up on the background of the dinar journey? What if ~ with PT's posts just now ~ they've been delaying this to make sure the Republic is settled and ready to reveal before they release the RV? ~ just saying it.....
R.V. / GCR > Janie On task
IP > Janie I was wondering who the new listeners were... They didn't explain, but they must be important. Hmmmm... Maybe the delay has something to do with the Republic or the TRNs.
Robert E > Janie That is basically what Zap said on his wed lanta call...that the families were waiting until the new us republic is ready before they fund the process...
Dan C.> Makes sense Robert. There would need to be the structure of the Republic in place before we could turn it loose here, since the Old corporation is history.
TNT:
Blackjack7 : The info I was getting is from a very good friend but now has gone silent...my WM is just waiting to call me in... on admin hold just like everyone else...hoping today is the day….All I can say is God Bless him if he is enjoying life now
*************
Highlights from DC on today’s TNT CC via Adept1:
DC: I understand there’s a whole new set of listeners, so I’ll do a quick introduction. That is Tony Renfrow and I’m Winston/DC. We have at least 47 countries and thousands of people listening to this live call, and with the replays we believe there are 1.3 million in our audience within the first 24 hours.
We are talking about the dinar revaluation, with the best information we can get out of Iraq, bankers, the US from the highest to the exchangers in the banking industry, as well as other helpful sources throughout the world.
WE started out as a small group and our sources expanded because they like us and respect that we are trying to help as many people as possible. We don’t sell anything, and donations don’t even cover this call and site.
We are not financial advisers or attorneys, just two guys trying to help people with information. We start with Iraq because it’s their currency, and the move East to West to the United States.
Iraq has everything ready, prepped and trained for this. Iraqis are rolling their eyes all over the country although in the mosques they are saying this is seriously happening. Those of influence in the mosque have brought up concerns about why they are letting the US control this, and tensions are rising once again.
They have been dealing with that all week, saying the US is holding this up. Of course, the US has a different take on that, but it’s causing a lot of tension. All the Iraqi governmental councils are getting a lot of grief about that, and it’s being aired in public forums like the mosques on Friday (which is their holy day similar to our Sunday).
They give out news and world events at the mosque; this started long ago when people were illiterate and without public media. It’s causing a great deal of grief in Iraq and they are letting people know. Agencies have briefed their leaders around the world, and even the financial guys understand that pressure is mounting and being openly discussed.
They had a good weekend in Iraq. Parliament has passed a number of important laws that are NOT vital to the RV. This shows political maturity and the ability to make compromises in a quickly maturing system in Iraq. My colleagues are impressed.
All the main ministries are prepared for this to go through, rolling their eyes, tired of waiting. Everyone else feels the same way in Iraq. Recent reports in the US and BBC talked about Ramadi. If you look at Baghdad, Ramadi is on the left, in Anbar province.
This is a massive, desolate province without many towns. The big towns are Faluja and Ramadi; it’s a Sunni-based province where ISIL fermented. IN 2006-7, the surge we went through was in the Anbar province, where we beat back insurgents.
In Ramadi, five car bombs went off. It’s a Sunni, ISIL-sympathizing area, and they set off big car bombs in front of the municipal center and then stormed the building. Countermeasures are in place and won’t take long to get the town back. The Kurdish president said that have broken he back of ISIL; I agree that ISIL is falling apart slowly.
Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through. That is being felt at the highest level, and they will not wait much longer. It is good for us because that pressure will resolve this more quickly. What happened in Ramadi will not distract from the RV situation, much as we feel for those injured or killed.
DC: Most of Europe is working on timing. Depending on your political leanings and frustration level, some say we just trying to choose the correct time to do this. It was suggested this happen Wednesday night and then last night.
They are wrapping up and would like to choose the least disruptive time to do this, which means after markets close at the weekend. Those who are more critical say the US blocked it again on Wednesday and Thursday nights. I think the truth lies somewhere in between. I think they would really like this to go at the weekend, although they originally thought Thursday night/ Friday morning would be best for Iraq.
Rates were showing and bankers were calling people in yesterday. Screens went black last night because they are reloading the rates. Some have confirmed this and send out memos saying they are ready any time.
Some banks have called in tellers, wealth managers and security. Smaller banks are feeling glum because they were told it would go yesterday and it was stopped again.
DC: We will talk politics for a moment in a nice way. I’m personally independent, but I want to explain the message others are giving and receiving. There is a lot of frustration about why this hasn’t pushed through to the general public.
They know it’s gone through so why it is taking so long to get through to the public? Some think that more and more people are getting involved. Some acknowledge the frustration but want this to be as perfect as possible before being released.
DC: Many in this process are concerned with that. Some Senators have complained that their staff are all quitting because of this. They are trying to keep this quiet, but now the whole dang office knows. Bankers are having a worse problem so bank staff are now really worried.
Some banks just don’t know what to do after this because most of their staff plan to quit after exchanging. So many are saying, “Just pull the trigger so that we stop losing our good people!”
DC: I understand there are many new bankers listening; welcome and I hope you are learning something you are not getting from other sources. We are here to help and our goal is to make the exchange process smooth and painless for speculators and bankers both. We are happy to do conference calls if you need them to be successful in this process as possible.
828 caller: This must be exploding every day. Obviously if the Obama administration is stopping this every time it’s ready to go. I’m surprised that the other side and the world don’t say “we’re tired of this!”
DC: The Obama administration guys mainly want this to be as least destructive timing as possible. They see a couple of windows and want to choose the best one possible. A lot of the stop and start is because of a fluid negotiating environment. That is their story and they are sticking to it.
Other folks are saying that is about power plays and manipulation, and also the situation is afflicted by the Good Idea Fairy, constantly adding and changing things. I think there is truth to both sides, and no one has all the information about this to know for sure.
There are folks listening to us from all sides, because we provide some transparency to the entire process. It’s an incredibly complicated worldwide event; this is the biggest financial event EVER, so you can imagine the politics, power, frustration and all the rest. That should piss off both sides.
Caller: So if they want this to happen at the least destructive time… how do they get that if we keep passing windows and such?
DC: That’s where the Good Idea Fairy comes in: “Why don’t’ you retake Tikrit?” or “We’d like you to move this line in the HCL…” Everyone goes “What?!” but they use the pause to negotiate further for their own sides.
209 caller: I was at a baseball game with my dad, and we stopped at a coffees hop. They had a tip jar, and in that there was a 10 trillion zim note and some other currencies. That alone would be worth about 1.9 million dollars! I got a picture and will post it if you get me in the forum. It was crazy.
Is the early exchangers program off the table now?
DC: A few started to go through at different banks, but that stopped because the banks were not sufficiently comfortable, especially with the timing issues from the US. There are some folks who have exchanged here recently; they did a few more yesterday and are planning for more really quickly.
Caller: So right now the codes are showing up but there are no transaction codes? How can they exchange then?
DC: Imagine there are a few test locations like Atlanta, Reno and a few other places. They are given, say, 20 codes each, and they invite people they know to exchange, choosing those who have a lot of currency because the bank will get the 2% fee and those clients who they can make money from.
Caller: I also have a question about dong – is $2.27 the international code, and will the contract rates be higher? What about the tax situation?
DC: The rates are adjusting. We have always said that the standard rates were on the screen. I would be blown away if dong comes out at $2.27; I think it will be lower. There is no change in the tax situation; we just don’t know. We believe it will be long and short term cap gains apart from groups who have negotiated something different in advance.
Caller: . On the last call, you mentioned the dinar RV rate had been live for some time and Iraq sold international bonds at the RV rate. Now the markets are still closed, and won’t open until Sunday. What are we expecting to see those bond rates coming out at then?
DC: There are several answers there. The old historical bonds have been transacting back and forth for a week and a half. Then there are the Iraqi bonds based on the new rates, and those have been in the news because Iraq now has an A rating. There has been a lot more going on behind the scenes than we realize. The general revenue bonds have already been sold in some areas based on the new rate. They can reverse them back to the 1166 rate, but the value of the US dollars will not change, and that will show up when the RV happens.
Caller: I saw a comment that there might still be a ten-day window, as with Kuwait.
DC: Pam has mentioned that in the dinar world, but I’m not a subscriber to that mentality. It’s a different world than when Kuwait revalued. It’s all more complicated than it was in 1991. April 22 is a big date in this rollout, and so we’ll see.
202 caller: What is the fifth currency in the first basket?
DC: The Afghani.
Caller: [Appreciation] I understand that one of your goals is to prevent the public being left out. Was there is something in an earlier call about contract rates being rolled into international rates?
DC: That was about the dong, that the higher rate was not sustainable. So some said, why not use the contract pool to bump up the rates for everyone?
Caller: But some people have been paid at that higher rate, right?
DC: Yes, those who get in early will possibly get the contract rate, but after 2-5 days everyone will get the international rate.
Caller: I spoke to a wealth manager and he is gone now! Then I talked to another wealth manager who seemed to be denying the GCR would happen at all, and that the dinar wouldn’t revalue for 100 years. They said Zimbabwe has its own currency.
Tony: It does: the zim. They just use seven other currencies as well.
DC: As a way to explain what you’ll be going through with wealth managers. It’s like dating: if you show up looking like a slob and talking like a moron, you won’t get a second date. If you show up looking professional and interested in what they are looking for, then you will get on better with your wealth manager. Both people have to win in that relationship.
301 caller: You said to put 50% aside for your taxes; will they allow me to open a second account for those taxes?
DC: Not in the first 15 minutes, but in the second meeting for sure. You can go to your own bank and do that, not at the exchange center.
DC: Each bank will have its own 800 number to its own foreign exchange department. They will schedule your first appointment. This is the case for all of the main banks and some of the tier 2 banks. It’s like buying a car: you get to go to each bank in turn and see what they will offer. They expect that 90% will just buy the car. If you are fine with what your bank is offering, you will exchange at that first appointment. Then you meet with your wealth manager, and set up as many accounts as you wish. AS long as there is money in each, the bank doesn’t care how many accounts you have.
410 caller: [chitchat] I’ve been hearing a lot of talk about the IMF and Greece paying 800 million to the IMF? They may some kind of payment last week; is that linked to the RV in some way? Like they are waiting for the dinar to come out so they can pay the IMF?
DC: Greece is part of the Euro, 27 countries who all have the same rate. Greece didn’t have the same economic growth or financial discipline as, say, Germany. So nobody quite knows what to do about Greece. They owe money to everyone. Germany bailed them out before, but they want to renegotiate the terms and Germany is saying NO. They don’t want to take any more hits for Greece, and there are big issues to do with the Euro and financial self-discipline. The dinar would help because there overall economy will take off like a bat out of hell.
Caller: What do they mean by dropping the three-zero notes?
DC: That means pulling those higher notes out of circulation. They will still be valid, you just won’t see them very often. If you present a 25K dinar note, that will still be worth USD 25,000 x the rate.
DC: I hope we are helping to educate folks, and welcome to them recently joining us. Iraq is ready to go and frustration levels are high; they are stating openly that the US are behind the delays. The banks are ready for this to go through, and they are ramping up again over a quiet time. Everyone is moving forward. All our sources are volunteers, helping us out and we are grateful.
Blackjack7 : The info I was getting is from a very good friend but now has gone silent...my WM is just waiting to call me in... on admin hold just like everyone else...hoping today is the day….All I can say is God Bless him if he is enjoying life now
*************
Highlights from DC on today’s TNT CC via Adept1:
DC: I understand there’s a whole new set of listeners, so I’ll do a quick introduction. That is Tony Renfrow and I’m Winston/DC. We have at least 47 countries and thousands of people listening to this live call, and with the replays we believe there are 1.3 million in our audience within the first 24 hours.
We are talking about the dinar revaluation, with the best information we can get out of Iraq, bankers, the US from the highest to the exchangers in the banking industry, as well as other helpful sources throughout the world.
WE started out as a small group and our sources expanded because they like us and respect that we are trying to help as many people as possible. We don’t sell anything, and donations don’t even cover this call and site.
We are not financial advisers or attorneys, just two guys trying to help people with information. We start with Iraq because it’s their currency, and the move East to West to the United States.
Iraq has everything ready, prepped and trained for this. Iraqis are rolling their eyes all over the country although in the mosques they are saying this is seriously happening. Those of influence in the mosque have brought up concerns about why they are letting the US control this, and tensions are rising once again.
They have been dealing with that all week, saying the US is holding this up. Of course, the US has a different take on that, but it’s causing a lot of tension. All the Iraqi governmental councils are getting a lot of grief about that, and it’s being aired in public forums like the mosques on Friday (which is their holy day similar to our Sunday).
They give out news and world events at the mosque; this started long ago when people were illiterate and without public media. It’s causing a great deal of grief in Iraq and they are letting people know. Agencies have briefed their leaders around the world, and even the financial guys understand that pressure is mounting and being openly discussed.
They had a good weekend in Iraq. Parliament has passed a number of important laws that are NOT vital to the RV. This shows political maturity and the ability to make compromises in a quickly maturing system in Iraq. My colleagues are impressed.
All the main ministries are prepared for this to go through, rolling their eyes, tired of waiting. Everyone else feels the same way in Iraq. Recent reports in the US and BBC talked about Ramadi. If you look at Baghdad, Ramadi is on the left, in Anbar province.
This is a massive, desolate province without many towns. The big towns are Faluja and Ramadi; it’s a Sunni-based province where ISIL fermented. IN 2006-7, the surge we went through was in the Anbar province, where we beat back insurgents.
In Ramadi, five car bombs went off. It’s a Sunni, ISIL-sympathizing area, and they set off big car bombs in front of the municipal center and then stormed the building. Countermeasures are in place and won’t take long to get the town back. The Kurdish president said that have broken he back of ISIL; I agree that ISIL is falling apart slowly.
Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through. That is being felt at the highest level, and they will not wait much longer. It is good for us because that pressure will resolve this more quickly. What happened in Ramadi will not distract from the RV situation, much as we feel for those injured or killed.
DC: Most of Europe is working on timing. Depending on your political leanings and frustration level, some say we just trying to choose the correct time to do this. It was suggested this happen Wednesday night and then last night.
They are wrapping up and would like to choose the least disruptive time to do this, which means after markets close at the weekend. Those who are more critical say the US blocked it again on Wednesday and Thursday nights. I think the truth lies somewhere in between. I think they would really like this to go at the weekend, although they originally thought Thursday night/ Friday morning would be best for Iraq.
Rates were showing and bankers were calling people in yesterday. Screens went black last night because they are reloading the rates. Some have confirmed this and send out memos saying they are ready any time.
Some banks have called in tellers, wealth managers and security. Smaller banks are feeling glum because they were told it would go yesterday and it was stopped again.
DC: We will talk politics for a moment in a nice way. I’m personally independent, but I want to explain the message others are giving and receiving. There is a lot of frustration about why this hasn’t pushed through to the general public.
They know it’s gone through so why it is taking so long to get through to the public? Some think that more and more people are getting involved. Some acknowledge the frustration but want this to be as perfect as possible before being released.
DC: Many in this process are concerned with that. Some Senators have complained that their staff are all quitting because of this. They are trying to keep this quiet, but now the whole dang office knows. Bankers are having a worse problem so bank staff are now really worried.
Some banks just don’t know what to do after this because most of their staff plan to quit after exchanging. So many are saying, “Just pull the trigger so that we stop losing our good people!”
DC: I understand there are many new bankers listening; welcome and I hope you are learning something you are not getting from other sources. We are here to help and our goal is to make the exchange process smooth and painless for speculators and bankers both. We are happy to do conference calls if you need them to be successful in this process as possible.
828 caller: This must be exploding every day. Obviously if the Obama administration is stopping this every time it’s ready to go. I’m surprised that the other side and the world don’t say “we’re tired of this!”
DC: The Obama administration guys mainly want this to be as least destructive timing as possible. They see a couple of windows and want to choose the best one possible. A lot of the stop and start is because of a fluid negotiating environment. That is their story and they are sticking to it.
Other folks are saying that is about power plays and manipulation, and also the situation is afflicted by the Good Idea Fairy, constantly adding and changing things. I think there is truth to both sides, and no one has all the information about this to know for sure.
There are folks listening to us from all sides, because we provide some transparency to the entire process. It’s an incredibly complicated worldwide event; this is the biggest financial event EVER, so you can imagine the politics, power, frustration and all the rest. That should piss off both sides.
Caller: So if they want this to happen at the least destructive time… how do they get that if we keep passing windows and such?
DC: That’s where the Good Idea Fairy comes in: “Why don’t’ you retake Tikrit?” or “We’d like you to move this line in the HCL…” Everyone goes “What?!” but they use the pause to negotiate further for their own sides.
209 caller: I was at a baseball game with my dad, and we stopped at a coffees hop. They had a tip jar, and in that there was a 10 trillion zim note and some other currencies. That alone would be worth about 1.9 million dollars! I got a picture and will post it if you get me in the forum. It was crazy.
Is the early exchangers program off the table now?
DC: A few started to go through at different banks, but that stopped because the banks were not sufficiently comfortable, especially with the timing issues from the US. There are some folks who have exchanged here recently; they did a few more yesterday and are planning for more really quickly.
Caller: So right now the codes are showing up but there are no transaction codes? How can they exchange then?
DC: Imagine there are a few test locations like Atlanta, Reno and a few other places. They are given, say, 20 codes each, and they invite people they know to exchange, choosing those who have a lot of currency because the bank will get the 2% fee and those clients who they can make money from.
Caller: I also have a question about dong – is $2.27 the international code, and will the contract rates be higher? What about the tax situation?
DC: The rates are adjusting. We have always said that the standard rates were on the screen. I would be blown away if dong comes out at $2.27; I think it will be lower. There is no change in the tax situation; we just don’t know. We believe it will be long and short term cap gains apart from groups who have negotiated something different in advance.
Caller: . On the last call, you mentioned the dinar RV rate had been live for some time and Iraq sold international bonds at the RV rate. Now the markets are still closed, and won’t open until Sunday. What are we expecting to see those bond rates coming out at then?
DC: There are several answers there. The old historical bonds have been transacting back and forth for a week and a half. Then there are the Iraqi bonds based on the new rates, and those have been in the news because Iraq now has an A rating. There has been a lot more going on behind the scenes than we realize. The general revenue bonds have already been sold in some areas based on the new rate. They can reverse them back to the 1166 rate, but the value of the US dollars will not change, and that will show up when the RV happens.
Caller: I saw a comment that there might still be a ten-day window, as with Kuwait.
DC: Pam has mentioned that in the dinar world, but I’m not a subscriber to that mentality. It’s a different world than when Kuwait revalued. It’s all more complicated than it was in 1991. April 22 is a big date in this rollout, and so we’ll see.
202 caller: What is the fifth currency in the first basket?
DC: The Afghani.
Caller: [Appreciation] I understand that one of your goals is to prevent the public being left out. Was there is something in an earlier call about contract rates being rolled into international rates?
DC: That was about the dong, that the higher rate was not sustainable. So some said, why not use the contract pool to bump up the rates for everyone?
Caller: But some people have been paid at that higher rate, right?
DC: Yes, those who get in early will possibly get the contract rate, but after 2-5 days everyone will get the international rate.
Caller: I spoke to a wealth manager and he is gone now! Then I talked to another wealth manager who seemed to be denying the GCR would happen at all, and that the dinar wouldn’t revalue for 100 years. They said Zimbabwe has its own currency.
Tony: It does: the zim. They just use seven other currencies as well.
DC: As a way to explain what you’ll be going through with wealth managers. It’s like dating: if you show up looking like a slob and talking like a moron, you won’t get a second date. If you show up looking professional and interested in what they are looking for, then you will get on better with your wealth manager. Both people have to win in that relationship.
301 caller: You said to put 50% aside for your taxes; will they allow me to open a second account for those taxes?
DC: Not in the first 15 minutes, but in the second meeting for sure. You can go to your own bank and do that, not at the exchange center.
DC: Each bank will have its own 800 number to its own foreign exchange department. They will schedule your first appointment. This is the case for all of the main banks and some of the tier 2 banks. It’s like buying a car: you get to go to each bank in turn and see what they will offer. They expect that 90% will just buy the car. If you are fine with what your bank is offering, you will exchange at that first appointment. Then you meet with your wealth manager, and set up as many accounts as you wish. AS long as there is money in each, the bank doesn’t care how many accounts you have.
410 caller: [chitchat] I’ve been hearing a lot of talk about the IMF and Greece paying 800 million to the IMF? They may some kind of payment last week; is that linked to the RV in some way? Like they are waiting for the dinar to come out so they can pay the IMF?
DC: Greece is part of the Euro, 27 countries who all have the same rate. Greece didn’t have the same economic growth or financial discipline as, say, Germany. So nobody quite knows what to do about Greece. They owe money to everyone. Germany bailed them out before, but they want to renegotiate the terms and Germany is saying NO. They don’t want to take any more hits for Greece, and there are big issues to do with the Euro and financial self-discipline. The dinar would help because there overall economy will take off like a bat out of hell.
Caller: What do they mean by dropping the three-zero notes?
DC: That means pulling those higher notes out of circulation. They will still be valid, you just won’t see them very often. If you present a 25K dinar note, that will still be worth USD 25,000 x the rate.
DC: I hope we are helping to educate folks, and welcome to them recently joining us. Iraq is ready to go and frustration levels are high; they are stating openly that the US are behind the delays. The banks are ready for this to go through, and they are ramping up again over a quiet time. Everyone is moving forward. All our sources are volunteers, helping us out and we are grateful.
via Dinar Recaps - Our Blog http://ift.tt/1Kb3M2b
No comments:
Post a Comment