Monday, August 12, 2024

Tony’s Monologue: During our call on Friday Tony reported that all technical issues were completed, and it is a go. This is why they thought it would go over the weekend. Later on, Friday Tony got 2am to 4am. It didn’t happen and then Tony got that they would try to push it through 12pm to 2pm. It could have happened, but it didn’t. Here is the thing about it being done. They are all saying it, they are having meetings on what the next things are that they need to do. There were other things going on in between all of this that were interagency, and they would not want it said. Friday night around 10pm Tony got that everything was received, it’s over, and it was completed. On Saturday, Tony got the same thing that it is done, done yesterday afternoon, but was told we should see it when FOREX opens. This was all coming from the agencies and at the same time Tony was talking to the banks. The banks were told to be ready, that it is happening, they were calling people to look at their bank account, calling them to come in, and that it is happening. Tony was also told that he would have 800 numbers right after FOREX opened on Sunday. One banker was telling Tony to expect it Monday, that they had people coming in, and it should be live. Guess it could still happen Today. Today, Tony has not heard from them. Everyone is very quiet except for the banks. They do have a rate on their screens, they have their people there, and they are waiting for the authorization. The rate is still 3.91. They are calling people today to try and line them up for later this evening or tomorrow morning. Tony doesn’t know that it will, but it could. Tony still feels that they are waiting on Iran’s response. They all know they have the entire global economy on edge, and they might drag things out. One group did bomb Israel today and sent 6 or 8 missiles into Israel to one of their bases. Some background information is Iran is telling them to calm down and not start World War 3 but publicly it is to fight. If they send 600 missiles into Israel, it is going to be an issue. The rv right now they are saying it is done, it is live, it is in the system, and no one will tell Tony what they are waiting for. The good thing is the rate is still there. The good thing is the banks are still preparing their people and be prepared for this to happen at any minute. With the US being in the CBI they can cut off the dollars if they need to. They have warned that Iraqi people will revolt if this isn’t done. We are in a good place and waiting.

Q & A:

-            Will there be a list of banks provided by TNT or just call the 800 number? Tony doesn’t know what they will give him. Supposedly when you call the 800 number, they will give options based on what you have. 

-            600 million VND might be enough to get a 12-dollar rate. 

-            So, you are thinking this could happen in the next 24 hours? The latest Tony got is tomorrow morning. 

-            The Aug 15th deadline is fast approaching, what are they waiting for? Tony doesn’t know what will happen on Thursday. Hopefully, it is all over before the 15th. How long do we have to wait for a response from Iran? There are no rules to this, and we don’t know. 

Wrap Up: We will see what happens in the morning. Be prepared.