TNT Conference Call

Friday, November 29, 2024

Tony’s Monologue: The good news is there is no news. There is no time set for today or anything scheduled for today. The banks are still operating off of the memo they received earlier this week to have their people ready for this weekend. That they should have their people on standby. Tony is still waiting to hear from his IMF contact about meetings that were scheduled for today. We are waiting to hear about the vote on the currency for BRICS. The currencies are still green lighted. The rate has not changed since Wednesday. We were initially told that they wanted it done by today so we could be out spending money on Black Friday. Iraq only has 30 days before they have to turn in their dinar and stop the auctions. Tony is hoping we see something by Monday if not tomorrow morning. 

Q & A:

-            Was it one or multiple banks reporting the 2.47 on the VND and .83 for the Bolivar? Those rates were reported by two banks. 

-            Would we be able to go back to our first bank that we tried to exchange with if we did not exchange and tried a second bank to try and get better rates? Tony would not go back to the first bank but would go to a different branch of the first bank and see what you can get. The bank and personnel have been given a certain amount of authority to negotiate with you. Also, TNT will try to give you as much information as possible about what people are seeing and getting when they exchange.

-            Who is having these meetings you are talking about? These are IMF meetings, the countries deciding to go with BRICS, and the vote to use the Euro as the BRICS currencies. 

-            Are you leaning more towards tomorrow for this to happen? Tony feels anytime this weekend is a possibility. 

-            Mid call update: The countries are still upset and setting up an anti-Trump war room. They are having the meetings, it wasn’t good, they are a little upset. Canada, Mexico, and China are part of this and how they will address the tariff situation and the movement of material into the US. The positive side is that the countries we are looking for are greenlighted and they need to give us our money. Let’s hope they go this weekend. The IMF program is still there but it is very limited on who can participate so they can come up with the 200 trillion they are trying to raise. 

-            Is green lighted the new window for us? Tony has not received a window for this. We do know they are on standby for this weekend. 

Wrap Up: Be ready. Have your plan in place for what you need to do before, during the exchange, and after. Warren Buffet put out this morning that 84 billion dollars that is about to change hands. He was talking about us and for us to be careful with how we handle this money. It is a good weekend to prepare your family for what is about to happen. Be ready and hopefully this is our weekend.