TNT Conference Call

Wednesday, October 16, 2024

Tony’s Monologue: Good news. Everything that was holding up the rv seems to be settled. Tony can’t promise us that though. All the news and what is going on in the background is saying that things have been agreed upon. There should not be World War 3. Supposedly there will be missiles going back and forth but then it is over. Netanyahu has agreed to not hit oil infrastructure and only go after military targets. This was supposed to happen on Saturday, but it didn’t. They are waiting to make sure that what was agreed to is all that happens. The US gave Israel 30 days to supply humanitarian aid to Gaza or they won’t get any more military aid, and the US won’t fight against Iran with them. Other countries have done the same on a shorter time scale. The banks have got the go again. Actually, the banks have said they have a start date and that includes a time. Tony feels it’s a possibility as long as nothing happens before that date and time. The three letter agencies have all said between now and Sunday. The banks are saying between now and Saturday morning. Some of the agencies were told not to talk about it and just let it happen this week. We are in a good spot, and they are excited. On Sunday Iraq is supposed to announce their formal entrance into the WTO. The HCL is supposed to be announced before the 20th. Tony feels their date is Friday after 5 or two hours after this call. The banks have a date and time. Tony knows that date is wrong because they won’t give them that much notice. They were told this morning that the ZIM will only be exchangeable for the first ten days. They reiterated that in their morning meetings today. If you have it after that you are stuck with it. On the screen right now is .30 which doesn’t make any sense, and Tony doesn’t feel like it will go at this rate. This would be 30 trillion from a 100 trillion ZIM note, whereas what we are looking at is 30 million with a rate of .00000030. Tony doesn’t think there is a chance in hell for that. All the other rates are good. Everyone is excited. They are having meetings at the banks going over final instructions and procedures, what they are planning on doing, and they are more excited than ever. It should be before Sunday according to the agencies and before Saturday according to the banks. Israel supposedly had a meeting yesterday that will authorize what they can do. Supposedly we have an understanding, and we will see if they do what they say. We will see if they can do this with only an understanding. There was a delegation that showed up in Iraq today that is supposed to use Iraq to talk with Iran. It doesn’t make any sense for them to tell the enemy exactly what you will and will not strike. The US did send a missile defense system but has announced it will be cut off if they do not supply aid to Gaza in the next 30 days. If not, even the US will place an embargo on Israel. Everyone is excited. They just updated newer bank personnel about the ten-day period for the ZIM. 

Q & A:

-           What are the changes to the global banking system? What was supposed to happen was the Iraqi Trade Bank and their FOREX were both supposed to open up with the new rate. That was why they were given the new rate and the effective date for it to be done. It was scheduled for that day because Israel was supposed to do what they were going to do but they didn’t. They were supposed to take a vote, but it doesn’t appear they did that. Countries have cut them off from support though. 

-            Any update on the highest interest rate if we leave a large sum of money with the banks? The highest Tony has heard is 30% but things might be different once the rv starts.

Wrap Up: Good news. Israel has a plan for how they are going to do things. It looks like they will go up to the election before they retaliate. The middle east does not want war but just to move forward. The US is the same way. Iraq’s people have gone through hell, and they are trying to get out of it. We have waited for years for this. The good news is everyone is once again excited. The banks for the first time have a date and time. Tony doesn’t believe what they got is correct. It should be close to that date and time, just not what they got. They want this done before Sunday, when they will announce the WTO and HCL. Which could be that it happens on Saturday. We are in a good window of opportunity. Everything is settled, Israel is settled, and the rest of the world is looking to settle down. We should be looking for the good part. Be ready. Have your list of what you need to do.