TNT Conference Call
Friday, September 27, 2024
Tony’s Monologue: There’s good news, great news, and so-so news. There is really no bad news today as far as the dinar. Tony is concerned today because Israel is bombing Lebanon. In response the militia in Iraq shot missiles into Israel.
It is a possibility that Israel will shoot missiles into Iraq. The whole region seems to be getting worse. Tony can see that the groups in Iraq are going to attack Israel.
This seems to be an imminent attack and could affect the region. We have to look at this until the rv is live. It hasn’t affected it, and people say it won’t, but it could affect things tomorrow, a week from now, or three weeks from now.
Thursday at 1 pm, all the rates went off the screens at the banks because they were trying to fix their issues.
They thought the system was being reset and the rates would come back up. Tony was told they were trying to fix these issues.
The rates have not come back up but when they do, they have said that we will go. This came from a couple of different places. One of them even said after 5 pm, that was yesterday. Then Tony heard between 1 and 4 this morning. Now we are hearing it could be any minute now. So, we are waiting.
Yesterday, Tony got from bank managers that they got memos stating that the currency event has finally been finished. Finished, done, over with it. It went from the director level down to bank managers that got memos. Now we are just waiting to go. This should not happen until after 5pm.
Some think it will be Saturday morning. Just remember that Iraq wants it by the 30th and the UN wants it on the 1st. Tony doesn’t know who won. They told us that it is done, it is fixed, they told their people it is finalized, and once we see the rates we will be going to the bank. Somewhere starting after 5 this afternoon and no later than Tuesday morning will see it live and be going to the bank.
They are supposedly ready, staffed, have their schedules worked out, and they are just waiting to go when the numbers come up on the screen. It makes sense for us to see this Monday night, it satisfies what everyone wants, and we would be at the banks Tuesday morning. Everyone is kind of excited again.
Q & A:
- What kind of contracts will we see? 2-, 3-, and 5-year contracts. The rates you get will be based on how much you leave and for how long.
- Will 6 to 12 billion dollars get you the higher rates from your total exchange value? Yes, it should.
- Where would it put us if Israel does a bomb strike in Iraq? As per Tony we would be up a creek without a paddle.
- Did you see an article saying they are trying to pay salaries this weekend? They are putting off paying the salaries until the rv happens. Iraq doesn’t want war either so they can get paid, start their contracts, and be able to pay people.
- Are the banks on high alert? They are not on high alert, but they are fully staffed and waiting to go.
Wrap up: It could be they are just waiting for the numbers to come back on the screen and then we go. First opportunity is after 5pm today. Some of the three letter agencies think the rates could come back up between midnight and 4 am. They don’t know though if it will be tonight, tomorrow night, or Monday night. As some have suggested it might drag out to Monday to satisfy Iraq.
We are in our last 48 to 72 hours. It is sitting at the bank level. There is no more waiting for Iraq, IMF, or UST because it is done. They have given the banks the green light.
The systems are now fixed or supposedly will be fixed. The only thing they are waiting on is the 800 number and Tony won’t get the 800 hundred numbers until the rates come back up. There really isn’t anything bad but Iran could do something stupid to flare up the middle eastern. If it happens before we do our part, then it is up in the air. The good thing is it is done, there is money, and it could happen for us. Be ready.
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