http://www.dinardaily.net/t48219-council-of-ministers-approved-the-2016-budget#256574
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| TNT CC NOTES, 19 OCT
Tony: Good morning, TNT! Today is Friday, October 19, 2015. I will try to answer question. There is a window open tomorrow a little wider. You have to go through to get to it. I will tell you details that I’m sure you would like to here. If this is stressing you out, you need to let it go a little bit. I take the stress every day in the hopes that you don’t have to. I cannot push the button, and I wake up to the what you do, so I do understand your pain. I want to tell you about a guru who called me over the weekend. I get these texts and I’m not always paying attention. Then this person called saying “I’ve got some information you don’t know but need to know”, so I take the call over the weekend. What he told me was how to run my call – I should say this and that, or not say the other, because this person has to clean up after my call. I said that he wouldn’t have a site if it weren’t for my calls and my information! I say what I get from my people, and I say what makes sense. I don’t control any of it, and this person doesn’t have to control my calls. So I asked him to please quit text. The information he thought I should have is that his high bank contacts are saying this is coming out 20 – 25. October. That’s his hot news – which I presented on the call last Friday. I said then I have the actual dates but didn’t want to share them yet. Then there was another three hours of back and forth, and finally he asked if I was taking this down and post it. What a good idea! Except that I would lose all credibility if people thought I was talking to this guru. This is my life. The fact that it didn’t go public this weekend doesn’t mean it couldn’t’ happen. The memo said they couldn’t have an time off from the 19th to the end of the month. We saw the rates on Friday, and also the dates, there on the bank screen. I didn’t really think they would wait until then to do it! Typically when they announce a certain date, they do it about two days before. In Iraq, they were told to expect this tomorrow. It all fits into that parameter of things that could happen. Will it happen tomorrow? I don’t know, but there is a strong possibility because they have been trained and that’s what is on the schedule between today and the 25th. In Iraq, that $3.41 rate is on their cards and they cannot use it yet but have been told they will be able to use it in the coming days. Banks have their lists of people who have bought currency from them. They are being pro-active about that this week, asking people to come in to exchange. We anticipated them doing this once this is live, because then the banks will get their bonus checks and profits from the exchange fees. Iraq keeps telling their people that this is happening this month, and very likely this week because that is the timeline everyone is using. Matthew: Vegas, Vegas, Vegas! That’s the most important thing to say. People aren’t looking at this the right way. Know that this is already done, and afterwards we will have one of the biggest after-parties. People need to stop worrying. Tony: I keep having people say Vegas, Vegas, Vegas! so that we keep that in mind. DC says that they will not allow that, but I’m thinking if they can see that enough people want to go and just have a good time, that would be great. We will celebrate, celebrate, celebrate! With what I know, what Pam knows, and Ray knows, this is pretty much done; we are just waiting for the release. We know that everything was finalized, ready to go, and that’s why we were excited. Everyone is still excited this morning, saying we are still on track. Don’t worry about ‘when’, be thinking about what you will do immediately after we do the short call. 707 caller: What should I do with the cash in hand in Federal Reserve notes when CL announces the asset-backed currency? Tony: You mean the green dollar bills in your pocket? You know my address? Just put them all in an envelope and send them there! Guys, nothing is going to happen to your money! The US doesn’t work that way, the world doesn’t work that way, and nothing is going to make your money worthless the next day. Some people have this fantasy that the money system will crash and you’ll have to rush to the bank because your current cash will be worthless. It’s never going to happen, I promise you. When they make a new five dollar bill, you spend the old ones, the banks gather them up and burn them. You just keep spending what you are spending, and the bank will take them out of circulation like they do with any other new issue of currency. Everyone is using fear to get you to do what they want you to do. Caller: Several people in my group have asked the question. Tony: We are dinarians and alert to all the currencies. There are 34,000 on the call. There are 350 million in the US. We are the only ones who know about this. Do you think our government would let that amount of chaos happen in one day?! You chave to think these things through. 617 caller: When the yuan is announced as a world reserve currency, do you think that this will affect the US dollar? Tony: What kind of car do you have? No car? I will give you a 2004 Cadillac. It works and it even looks good. I am giving you that on Monday and on Friday I’m giving you a 2016 Cadillac. Both work well, but which do you prefer to use? There will be two reserve currencies, and that means there are options. I don’t have to use US dollars or depend on the US. Any time I don’t really need you, your value decreases. As more deals are made around the world and as time goes by, that will happen more and more. Caller: When you exchange, are you going for all US dollars, or exchange for other currencies? Tony: I always thought I would do some other currencies just in case something happens, but as I don’t plan to live in Iraq, Iran or China, I decided that I need all the US dollars I can get. I was told by the Treasury that the new asset-backed notes will be used around the world to match where they have asset-backed currencies. If they use new notes in the US, they have to change all the bank machines, all the vending machines, and they cannot do that overnight. If they decide to change from the Fed to the Treasury notes, we will know far in advance. 404 caller: You said the banks are putting together lists of those who have bought currency from them – dinar only, or other currencies as well? Tony: I’m pretty sure all the currencies in the first basket. Caller: What if you have only bought through dealers – how do you get on a list? Tony: They will tell us how to do that. No bank wants six million people calling them to see what the rates and conditions are. They need some direction or there will be chaos. They want us to be processed within nine days – the first 350,000 of us who are aware of what is going on, ie., the internet group; the rest will just have to find out on their own. Caller: What about those banks that have being saying “we’ll never be dealing with dinar”? Will there be an actual announcement from Washington or wherever? Tony: If could have gone out to all of them over the weekend. I think the announcement I’m waiting for will trigger this, but I doubt it will be a global, public announcement, because most people don’t know anything about this. After the announcement, it will trickle out to Forex and the financial papers. Caller: [Appreciation] Vegas, Vegas, Vegas! and the sooner the better! 559 caller: I’m doing well – superfantastic. Vegas, Vegas, Vegas, here we come! You’ve pretty much answered my questions, but I’m curious you said Iraq still has a rate of $3.41 and we’re still in the window. Any difference to our rates and contract rates? Tony: The last time the rates were seen, they were still good and there are contract rates. Caller: I hope this is the last call. My bags are packed and ready to go to Vegas, Vegas, Vegas! Tony: Every day I pray this is the last call. 202 caller: I am a first-time caller. What benefit does a gift letter give? Is there any benefit to having the bank witness it? What benefit does it confer around taxes? Tony: A gift letter only certifies that you gave away the currency before revaluation. They won’t have a receipt, so this creates a paper trail that shows the currency was given before the value increased. That’s all it is. Caller: I’m not able to go to Vegas, not physically. God bless you! 410 caller: We have been told that we will have a wealth manager instead of a regular banker; does that mean we will have more time? Tony: My understanding is that you will go to your first appointment with an exchange person and meet with your wealth manager afterwards. They will do the exchanges first and get everyone through in nine days, and then deal with where they will put all the cash. Caller: When we are looking to find the best rates, it will be like Beat the Clock… Tony: It is, and in that respect, there has to be a basic rate. Their goal is to NOT let you walk out without exchanging. If you are not taking the contract rate, someone is. When they are out of them, they’re out. Then your backup option might be to watch Forex, wait for it to go up and down. Do you go to one bank and get it all done, get your money making money? Or do you go to all the banks, make a decision, and by the time you get to the appointment and find they have run out of contract rates? The point is to make money, put it to work so that it creates a legacy. Otherwise it will be gone before you know it. Caller: [Appreciation] Vegas, Vegas, Vegas! Or wherever we can see you. 432 caller: I’m doing great! Tony: Things are looking superfantastic at the moment, just waiting for the moment. I don’t think we are waiting on the US budget at all… no where we are today. 405 caller: Have there been any attempts to let this go? Tony: No, there is authorization to let it go, but no attempts. They said, “Okay, we all agree to go at this day and this time”, and we just don’t know what that is yet. It will be between the 20th and the 25th. That’s what it says on the screens. Iraq has been told it would be on the 20th, and over the weekend others have said, “This could go at any moment because it is free to go.” 406 caller: What two dates do you feel this is most likely to happen? Tony: I feel it’s most likely to happen Tuesday through Friday. Caller: You feel it really could happen tomorrow? Tony I feel it really could happen tomorrow. 954 caller: I’m superfantastic – and you? We have heard there is a delay to the zim, that it will come out in the second basket – is that true? Do you hear anything about taxes? Tony: I haven’t heard that about the zim. I have heard a rate for taxes, but don’t want to say what I’ve heard. Just set aside 50%. 773 caller: [chitchat] You said something like “while the rates were being seen”; are they not being seen now? Tony: You had to pick up on that. 601 caller: Where is Dr. Shabibi, do we know? Tony: I’m pretty sure he’s in Iraq getting things done. I don’t agree that he has to come back before we see this. It could happen, but it’s not a requirement. He’s already got the green light; people in the banks wouldn’t have been told ‘no vacation’ until the end of the month unless they were ready to go. Caller: Vegas, Vegas, Vegas! I can’t wait! 407 caller: We discussed the limit of $14,000 that you can give an individual per year without tax on either side. If you add a person to your bank account, would checks that they write have an impact on their tax situation? Tony: I would be more concerned about eligibility for government or private programs. If they are given a bunch of money, that might make them ineligible, because they look at the last five years of income, property, etc. We do want to help people, but it might be better to take them out to dinner or YOU pay their light bill. Consult with a lawyer and/or accountant before giving people money so that you don’t have a negative impact. 816 caller: I’d like to say to the man who has so much cash around, does he need someone to adopt? [Tony: He can adopt me!] Pam put out on Sunday that it was as good day for an RV… did anything happen that made you think it would be on Sunday? Tony: Absolutely! Pam and I were both excited because on the Friday call we already knew it was authorized. Just didn’t’ know when it would happen. We were told to be on our Ps and Qs, ready if needed, and we are still waiting for that. Pam goes through the same things you do. Caller: I cannot imagine what Iraq is going through, that it’s on your cards but you cannot use it. There are so many people who need this to happen. We can live the rest of our lives out of debt and helping others. Tony: How long can they tease the people with this rate on their cards, and how they are bringing them back into the international community… how long can they do that before people explode? The same is true with the SKRs: they see all this money in their accounts and they cannot use it. One person I know has been seeing that for over a year! Hopefully no one has to suffer much longer. Caller: Abadi tweeted that the Budget was accepted for 2016… anything else required? Tony: It was approved by the Council of Ministers. Today, Abadi tweeted that ‘the reforms have been completed’. What does that mean? I’m 99.9% sure it SHOULD go this week, that it has been released in the system and will be here one day soon. I am happy and ecstatic about it, we just don’t know the exact time/day, so long as nothing chaotic happens. In Iraq, they are saying “in the coming days”, which for them means in the next 2-3 days. “In the coming period” sometime this month. Caller: I cannot go to Vegas, but you can go and have a good time! 786 caller: In the banks, you said the 20-25. October. What happens when we call? What if it goes past the 25th? Do they take that off? Tony: No, the 20-5th is the window for this to go LIVE. Caller: Oh! Vegas, Vegas, Vegas! Tell your wife she is the best, a strong woman who is standing by her man… Tony: Pam says it’s time. Her line seems to have dropped. Ray? Ray: I lost my connection and had to call back in. It’s Marvelous Monday; continue to have a good time. I meant to prepare an exit statement this weekend but I didn’t get it done. So goodbye… I’ll see you when I see you. Pam: Goodbye! Tony: It IS a good day. It’s going to be a good week, I hope. Everything is still moving forward, and hopefully it will all be over between the 20th and the 25th. The 20th is tomorrow, so hopefully this is the last call. Enjoy your day! TNT Call Notes 10/19/15 |
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| Deputy warns of bankruptcy of most of the private banks in Baghdad |
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Nora Albjara warned by the Economic Committee, the bankruptcy of most of the private banks in Baghdad as a result of the financial crisis and confusion regulations and laws.She Albjara in a press statement that, on Saturday, that “most private banks operate wrong the mechanisms will not abide by laws and regulations,” adding that “most investors and traders fear to deposit their money in banks for fear of infecting these banks a financial crisis or exposure to theft and bankruptcy.” She noted that “most of the citizens who own the money in the banks pulled their money out of fear of them from the security and economic situation Masashm bankrupt most of these banks.”Iraq has been an economic crisis since the beginning of this year and the voice of the House of Representatives on the state budget law for 2015 with a deficit exceeded 25%. And sit Minister announced last week the Council of Ministers held an extraordinary meeting next week to discuss and approve the draft general budget for the 2016 law. According to sources, the project is devoid of any customizations and functional bicycle Bsttina new Ministry of Defense. 10.18.2015 |
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| Re: Urgent an arrest warrant against the current Minister of Trade and his brother on charges of corruption |
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the Iraqi judiciary on Sunday issued an arrest warrant against the current Minister of Trade [MlasMohammed Abdul Karim and his brother on charges of financial corruption files.
The spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar in a statement received by the agency all of Iraq [where] a copy of “The Central Investigating Court issued an arrest warrant for the Minister of Trade and his brother on charges of financial corruption.”
Bayraktar said that “an arrest warrant was issued in accordance with Article 310 and 319 of the Penal Code No. 111 of 1969 amended. “He noted,” to refer the case for the accused to specialized issues of integrity in the Rusafa court of inquiry “ http://www.alliraqnews.com/modules/news/article.php?storytopic=39&storyid=18563 |
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| Enorrste says Once this process begins, hopefully before the year ends, he foresees a rapid rise in the value of the dinar |
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Enorrste…it seems clear to me that there are a large number of risk takers in the world who are chafing at the bit to get a chance to make some serious coin in Iraq. Only time will tell, and if [Guru] Mike is correct on one thing it is that time has past without a whole lot of change. [reference Guru mike 10-19-15] It is a gamble, to be sure, but it has a lot of advocates around the world. Unfortunately, as ISIS shows us, there are also those on the other side as well. Nothing has changed in terms of the plan, as I see it. What has changed is time and events. Had ISIS not exploded I personally think the float would have started some time ago. Add to that $40 oil prices and the situation is exacerbated to the point of a financial crisis for the country. What amazes me, and stimulates me, is the tenacity of the CBI in the face of these obstacles (not to mention corruption, Maliki, Parliament’s inaction, etc.). In the fact of all of this the CBI holds firm to its planned goals… Article: “Monetary policies in Iraq and proposals for the next phase applications” We are all, or at least most of us, frustrated that the CBI has seemed to be unable to move “around the corner” leading to a rise in the value of the dinar…this article for once outlines in detail…the fact that the CBI definitely has a plan and that the plan includes, first, stabilizing the dinar rate, then second, raising the rate, and, third, eventually removing the large notes from circulation ( a clear goal of at least $1 for the dinar). Therefore, if nothing else, this article is a confirmation that the overall plan remains in place in spite of the obvious drawbacks. The article is also fairly clear on those elements that have caused the “plan” to be stalled to a large extent…in addition to those things that we have always known, there were a couple new points made that make the lack of progress more understandable. The article is also specific in that it sees that the role of the government is obstructive rather than helpful in moving toward a more open market driven economy. It is my view that Abadi is a good guy and that he is actually looking for ways to help move this process along. Ideally, the CBI will give him suggestions that he can implement unilaterally (without approval from Parliament) to remove some of the strings that exist in government funding and expenditure, reducing the move to a market economy. I, for one, remain cautiously optimistic that the plan is moving forward, even though at a snail’s pace… I see that pressure is increasing to make a “leap” forward. The passage of the Investment Law this week, hopefully, will be a big step in the plan because it will open the door for protected investment and land ownership from foreigners…we could begin to see a significant increase in foreign investment in the near term. Then we need some banking relief through a new Banking Law. Third, we need to see the introduction of the large 50K notes. Reducing the Iraqi money supply…will lead to a rise in the value of the dinar. Once this process begins, hopefully before the year ends, I foresee a rapid rise in the value of the dinar…most importantly due to the influx of new money from abroad. I’m actually excited to see this plan laid out in detail for the first time. |
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