TNT Conference Call

Monday, March 17, 2025

Tony’s Monologue: Tony got an update over the weekend and did not send it out. There was nothing there that couldn’t wait until today. They did have a meeting on Friday, and everyone had a rep in the room. There was one additional rep in the room that normally wasn’t there, and that rep gave them the go, it was agreed upon, and signed off. They gave Tony a window from Friday evening to Tuesday morning. Tony saw that Yemen was bombed on Saturday which has made the middle east unstable again. This might not have stopped it though and we are not at Tuesday morning yet. They could be looking at what kind of reaction happens with the rebels in Iraq. They did say that more would happen, so this is not the end. It has raised tensions between the US and Iran. There are articles out that they will make Trump's letter public once they completely understand it and make a response to it. Iran has also put out that their country is collapsing, having landslides, people in the streets protesting, they are seeing inflation, and a lot of the pressure is working. Iraq has its own pressures, and the Secretary of State has said that they will put new sanctions on Rafian bank. Iraq did say that their new digital banking system will come out this week and do away with the parallel market. Since no one uses dollars there will be no parallel market. The update Tony got is now saying between Tuesday and Wednesday evening. Everyone has departed from the meeting, there was supposedly a Whitehouse representative in the meeting, and all this was done before the bombs were dropped on Saturday. Nothing has said that it has stopped, and we are just waiting. None of this happens without the revaluation of the Iraqi currency. We are looking for two things out of Iraq this week and that is the digital banking system and the budget articles. They are saying this will happen by the end of the month and means that the rate will come out. Tony likes the fact that they have put this out and that this might be our week.

Q & A:

-            The UST had an update that it could be tomorrow. The banks have not been notified, put on alert, or on standby. They could get that later this evening though.

-            At one point Tony got information saying that Trump held up the rv so he could have people put in the right places to watch where the money goes and get rid of places he didn’t want money to go to. Supposedly someone from the Whitehouse was at the meeting and gave it the go.

-            In today’s Iraqi news they are saying the budget is done and the tables have been done. They just haven’t sent it to parliament.

-            Any update on the sanctions on the Venezuelan bolivar? Tony thinks that when the rv happens the sanctions will be removed. The banks said they thought the sanctions would be removed last week because they thought the rv would happen last week.

Wrap Up: Tuesday morning to Wednesday evening is the window we are operating in. Everyone is still saying it is a go. They are still dropping bombs over there and we will see what happens. There will be dire consequences if Iran retaliates. Hopefully, we get through this before anything really crazy happens. We are full steam ahead, no one has said anything about stopping, and we have our window. Be ready.