TNT Conference Call

Monday, December 9, 2024

Tony’s Monologue: They were at the bank waiting. They called people and told them to come to the bank. To sit in the bank lobby and the bank parking lot all day long for absolutely nothing to happen. They were at the banks until 10 pm Saturday night. They sent everyone home yesterday. Tony verified with several people in different countries that VIP people have been getting paid out since Wednesday. People in Florida were paid. Tony doesn’t know if anyone was paid out yesterday. Tony does know that there is a live rate. This came from the three letter agencies that it is sitting at the UST and waiting for them to release it to us. Reps from the UN and IMF were paid out. Tony doesn’t know when they will release it to us. That could be 5pm this evening or sometime tomorrow. Tony heard from his contact in Kurdistan, and they released the lower denoms of the 5, 10’s, and the fils(coin). Some people were paid over the weekend, but they only gave them a portion of the money available, and the rest is supposed to be available by Thursday. As an example, they got 30 million live and waiting on the other 270 million on Thursday. Tony is waiting to hear from the UST and the Federal Reserve. They did tell him they have been paying out since Wednesday and they don’t know why we are not being paid. It is confusing but it is a good thing for us that all this is happening.

Q & A:

-            What is going on in Syria and with Assad? A bunch of militias took over in ten days what the US could not do in 20 years. Russia is involved in Ukraine and wasn’t able to do anything to help Assad and Syria. Iran could not send any of the proxies. Syria did not have their right arm or left arm to defend from this. Iraq was the only one concerned about this and moved their soldiers to the border to prevent anyone from crossing. The US ensured that this would not happen. Overall, this is not having any effect on the rv.

-            Will the new rate come out before the budget and HCL law is passed? Yes, it should come out before the budget and HCL law is passed.

-            How long will the contract rate on the dinar last? It will be the first ten days or until it reaches the agreed upon level.

-            Is there a current rate on the VND? Guy in Canada got 3.49 for the dinar and 1.06 for the VND. Converted to US rates it would be 2.49 and .76. Tony repeated last week’s rates of 4.89 for the Dinar, 2.49 for the VND, and .83 for the Bolivar.

-            The only banks that Tony knows that will be exchanging the ZIM are Wells Fargo, Regions, and HSBC.

-            Will we have the same thing happen to us with only a certain amount available and the rest later? Most of the time when you deposit money this is the norm. Were these special folks like whales or normal folks that were called in? These were ordinary people that were directed to go there by bank personnel.

-            Have they completed exchanging all the VIPs? We know some of them got paid and we were in line to go on Saturday. When is Victory Day in Iraq? The 10th of December, which is tomorrow or possibly tonight for the people in Iraq. Kurdistan is saying they are not going to participate because the budget wasn’t done, and they didn’t get what they needed.

-            Has anything shown up on FOREX? No, it hasn’t.

-            Will we still be getting a code to go to any bank and get your negotiated rates? Only one bank will be giving Tony a code for pre-negotiated rates. 15 to 20 percent interest automatically but you could negotiate for higher rates. Tony doesn’t know what the breakdown on the rates will be.

-            With Kurdistan always being ahead, will we be waiting until next week for Baghdad to go? They are usually a couple of days ahead and hopefully we will not wait any longer than Thursday.

-            What is going on with those that were scheduled to exchange today? They were scheduled to exchange but they are not processing them.

-            Do you know of anyone that has exchanged Bolivar? Tony does not know of anyone that has done that. Only the Dinar, VND, and ZIM have been reported as exchanged.

-            Tony has a guy who has contracts through the UN and involves other countries that are supposed to be funded tomorrow. This can’t happen until the rv happens. These contracts were supposed to be funded two months ago but were rescheduled to the 10th.

Wrap Up: They do have live rates. They have paid people out and that was started on Wednesday by the banks, the Fed, and the IMF. It was the privileged and hopefully we will be privileged soon. This was not a surprise, and we are waiting for our turn. One guy who has a contract is still scheduled to be paid tomorrow, the 10th. He can’t get paid until the rv happens. Iraq is saying by the 10th, their victory day. They have reported that the lower denoms and fils are out in Kurdistan. We are just waiting for our turn which looks like it will be tomorrow. If Tony receives an update from the banks about them going in he will tweet it out.