TNT Conference Call

Monday, June 2, 2025

Tony’s Monologue: There is so much going on in the world and we don’t know which way to go. This is your day, this is your week, and this is your month. They have put it through the system. It is at everyone’s front door and ready to kick the door in. Tony got different versions this morning saying that it has been put off until Friday. Tony didn’t think that this made any sense. Tony made more calls, and it came right back to it going right now and it is imminent. A hint from one of the bankers was that it might happen after the international business settled. It also makes sense for it to wait for domestically things to settle. So, after 5pm. The banks have said they tested the system all day yesterday, it works, and it could happen at any minute. The rate is 4.81, that is the rate in the system, and that is the one we are waiting for to come out. Tony talked to people in Iraq, and they have 1.85 on the streets in Kurdistan. On the base over in Iraq they are exchanging for 2.85. They have been doing this for two weeks. Right before the call, Tony got that it could happen any time between now and Wednesday. It is done, we just don’t know when it will go. The news is just catching up to everything that is going on and the attacks in Russia did not stop the rv from happening. Iran is back at the table, but they don’t have what they can agree with yet. Hamas is sitting in the same position. Many reasons for Trump not to let this go but that is not the case today. Iraq has said that it will be in their newspapers on Wednesday. Tony was told that they have the ability to do this whenever they want to. They ran tests with a couple different countries in the system, and it worked. Nobody is saying no. Electronically it has been completed. Contractually it has been completed. We were waiting for two pm and now we are waiting for 5pm or later. Some banks have already made appointments with people for Wednesday and Thursday. We will either get the information tonight or tomorrow for everyone to be in the bank by Wednesday. Tony wants us to be in the bank tonight so we can start getting all this information and know what we are doing. All of the currencies are going. Tony is waiting for confirmation on whether we are waiting on international settlements or domestic settlement.

Q & A:

-            JP Morgan came out today and said our country is going to go down if things don’t change. This is the second or third warning from them. People in the know are telling Tony that there is something in the next 60 days for us to get our money and protect our money, because they feel there will be significant events that will affect our economy and people.

-            The return on the currencies in the next basket won’t be as good as they were for the first one. What Tony doesn’t know is if it will be all electronic or if we could actually hold hard currency.

-            Tony did have people that went to the banks and the banks said they know and are prepared for it, but it won’t happen until after 2pm today. Tony feels that it would make sense to wait until after the domestic banking business is finished at 5 pm.

-            China is having issues like Russia and Iran with their economies that's not being reported.

Wrap Up: The good news is that it is ready, and we are sitting here. Tony is hoping that something happens after 5pm today. They tried the system, it worked, and it is ready to go. All three letter agencies are saying it is signed off and everyone is in agreement. They were ready to go at midnight. They had five issues come up and they were resolved by 6am. It is ready to go, and it could happen anytime between now and Wednesday. We don’t have to wait for Wednesday for this to happen. They should have completed all of their weekend business, and it is a good time for it to happen. Enjoy your day and be ready. Hopefully, we will talk again tonight.