TNT Showtime CC (Cliff Notes by Sunny)
Ray: We are in a good place . . . an exciting place to be. I think I can really on some definite information that is letting me know that I can definitely be looking forward to taking this badge off, putting it on the desk and saying, “Okay, we are done.” Patiently we wait. I don’t perceive you continuing . . . much longer into 2017.
Reports, I tend to accept, due to nature of where they are coming from that Dinar rates, screen rates are showing upwards of $5.00 (per dinar)
Kuwait / Iraq Meetings: Ray: Four major agreements have been met. What needs to be done, is done. . . Looks like everybody is all kisses and smiles. LOL! I was told, “wait until after this meeting and that should be it. Wait till after Wednesday and you will see what your looking for.” I’m looking for a rate change.
CURRENT WINDOW: Ray: Still looking for it this year. Let’s say it doesn’t happen . . .until one or two days after the New Year’s arrives? That’s okay. Okay with me. If they do post it tomorrow, it will say effective on the 1st.
IRAQ: Article out made references to Iraq fulfilling their commitment for Chapter 7. Ray: Another feather in their cap . . .Says to me to expect a release.
Dash: projections to have them totally out of Iraq in three months.
TV: Sadr and PM Abadhi on TV saying they will complete the ER and boasting that Iraq in 2017 is going to be awesome!
Banks: Wells Fargo is still considered the lead bank.
Markets/Hedge Funds: Watch the value of the dinar as it may increase due to market and hedge fund activity presenting an opportunity to exchange at an increased rate. Ray: I was contacted by hedge fund people and told we are looking in the right direction.
Taxes: If event non-taxable won’t matter if you exchange in 2016 or 2017. Ray: If it is taxable and you (exchange by end of 2016) get hit with the tax, you’ll pay tax by April 15, 2017. If you wait till after Jan 1, 2017 you may have till April 15, 2018 . . . unless you have quarterly obligation. If you know ahead of time . . . then you have all year to plan to modify your quarterlies – may not have any to pay.
Q & A: TNT Forum
–Exchange in 2016 or 2017? Ray: Run the figures. What do you intend to do. Contract rate you don’t want to miss out on. Contract rate will only be good for a few days to a week. Standard rate can do anytime. Some of us are going to stroll to the bank. Haste, almost always makes waste. Run to the bank because we can or a defined reason? Referencing indirectly, 1st mouse, 2nd mouse, 3rd mouse. I don’t see it initiating before the full public release. (you can go to You Tube and watching “Who Moved My Cheese) to understand the 1-2-3 mouse scenario)
–Windows or set schedule? Ray: Not sure about that. I receive contradictory information.
– Still hearing ZIM will go at face value. How does this make sense? Ray: Whoever your hearing it from have them show you the numbers. All these numbers you’ve heard people referencing and multiply it times a 100 trillion dollar note. Look at all those notes in existence and multiply it by $1,00 not the $5, $10, $20 rates people tell me about. Then google all the value there is in the world. Some people own 1,000 one hundred trillion notes. Face value is no zero’s taken off. Multiply it out and see if it comes close to the value of all the money in the world.
Q & A: Callers
–Article out in last few hours that four agreements signed between Iraq and Kuwait. Is this the conclusion of their meetings or do you for see additional meetings between Iraq and Kuwait? Ray: What needs to be done, is done. I was told, “wait until after this meeting and that should be it. Wait till after Wednesday and you will see what your looking for.” I’m looking for a rate change.
–Once it’s released buy more? I don’t understand. Ray: Right now the currency costs .10 to buy it. When it’s released it’s going to cost $10 to buy the same currency. The only one I’m entertaining buying after the release is the Iraqi dinar because it’s pegged to rise even more. If I buy at $10 rate I’m having expectation of it going to $12-$15. I don’t have expectation of other currencies doing that. It would behoove one to get currency now before the value rises.
–Why is it not out yet? Why WF not doing it yet? Ray: The minute it happens everyone will call their mother and others. The minute they are doing it, if it’s not a revalued rate, none of us will . . . take ours down there to get $700 for 1 million dinar. Most of us paid more than that for it.
RAY’S CLOSING STATEMENT:
The 30th will be on Friday and it’s a regularly scheduled day for the call. Hopefully something will erupt between now and then. Time will tell. I sit in a very fortunate position to have met so many different people and to have people rely on me to keep them safe or whatever the case maybe and I don’t take that lightly.
Bit of information coming to me. Jobs still hanging in the balance. Some don’t know if they would be fired for sharing pieces of information. Who wants to take that chance and . . . that cost them their job.
You never know what you have, will help me put in another piece in this puzzle. Do continue to contribute no matter how small it is. Thank you all for whatever your sending my way. If you say, “for you only,” I won’t repeat it elsewhere. And if I do, won’t use your name or identify you. This is what has gotten us this far folks.
I want to help those who want to be part of the solution. We are getting very good sources of the information and some of it is one sided. I don’t have others to compare it against. Do continue to share with me what you know and I will share what we can with the membership.
That being said, going to wrap up hump day, Wednesday. If we receive any more good information will send it out, post in chat or put in the forum. . . If necessary we will have another call and update you on what we have. (played “I Believe”)