Replay: 641.715.0623, PIN CODE 409029#
Ray: Today is marvelous Monday. On Friday we had folks thinking there were going to happen Friday evening, Saturday. Guess some folks were told . . . when the market closed it would pop out. Could that not have been the plan at all. I like to just give the facts.
Information looks good and lets us know it is coming. Soon . . .and we do know it is on the way. Coming forth. I shared with some . . .had information it was going to be Friday but had gut feeling it wouldn’t, so I did not let it get me excited into a tizzy when it did not happen. This is going to happen, we just don’t know when. We are in this game and this game is almost over.
All we can do is go on information we have. Analyze it and go on the practical part of it. Updates on Thursday . . . all of that is good stuff. Getting more things that make this reality concrete but not finite. That is what most of us are looking for. It would make me think it is going to be this week, but from the little I know about the process . . . it would be to that expectations.
Contractors starting to reveal pay processes this week that would indicate a change in the value of the currency. Folks on the card system getting notifications of the changes to initiate and take place. It said a change is coming. Didn’t say when specifically. By no means did it say it is not going to happen.
Our bank community has been put on notice, “large body of foreign currency exchange is to be expected.” Didn’t say when . . . just to expect something. I don’t think they would send out a notification for something that would not happen for six months or a year.
What we are looking for today is some more “hot intel.” CBI site was up and down then came back up with a new US rate. . .One would question ‘what was that all about?’ It lets us know something is ‘a foot.’
CURRENT WINDOW: Ray: . . . make me think it is going to be this week . . .bank community has been put on notice, “large body of foreign currency exchange is to be expected.” I don’t think they would send out a notification for something that would not happen for six months or a year.
Information looks good for this week. Information I’ve heard – contractors with them and their pay. Now that they are putting it out, it’s okay to chat about it. That is something that is supposed to take place. We have some people with cards out of the country and their cards was issued a certain allotment of their country’s currency. . . they see a converted dollar amount – changed and they had not been told a new allotment would be on their account. What is that all about?
Contractors: now revealing they have to make changes to their pay process in Iraq this week which Ray says will indicate a change in the rate of exchange.
Economic Reforms: Ray: The promise was when Mosul was liberated, the economic reforms would be “immediately”. . . Something that was to happen “immediately” after liberation and now they are going to set a meeting to set the date for the rest of the economic reforms. One day this week the meeting is to take place and from that the date will be set.
Kurdistan: Impact of them breaking off from Iraq with the oil fields? Ray: Based on what has happened and what they were expecting on the weekend and on into this week it will have no bearing on it. Will have to wait and see.
TV / Mosques / Gazette: Ray: Don’t know of anything in the Gazette or the mosque either since Thursday. Now it seem to have gone underground.
Canada Ray: I have not heard of any exchanges in Canada. Ray indicated he was of the understanding there would be numerous banks in Canada exchanging.
800’s numbers could be released this week.
Banks: Ray said he has received reports that banks will not let a non-account holder deposit cash into an account holders account. (I have personally had the experience that the banks also will not let a non-account holder deposit a check into an account holders account – It was a check made out to me and to be deposited in my bank account and the bank would not let a 3rd party perform the transaction)
Q & A: TNT Forum
– What’s the hold-up? Ray: I answered that in the opening statement.
– HCL still a big issue that could slow down the RV? Ray: No and . . .yes it could be done and not rolled out for us to see.
– Can we take an accountant or attorney to the exchange with us? Ray: I guess so. I do not know that you cannot.
– If I exchange for my daughter and give her the money who will have the tax liability. Ray: Your the one that did it, your the one that gets the taxes.
Q & A: Callers
– You mentioned the date, 7-1-7-1-7. Is that not a full house? Ray: (chuckle) Caller: We have to do our exchanges with one institution rather than two? Ray: I don’t know about that. Caller: Date for the contractors to complete new pay (arrangements/scale). . .? Ray: It looks like the end of the week.
– Ray: The promise was when Mosul was liberated, the economic reforms would be “immediately”. . . Something that was to happen “immediately” after liberation and now they are going to set a meeting to set the date for the rest of the economic reforms. One day this week the meeting is to take place and from that the date will be set.
– MSNBC broadcast – seems like the US wanted to take a lot of credit. Ray: I didn’t watch it. At the time I shared with you guys I thought it was interesting information. I did not know what would come of that. Along with information I received about an hour before the program on Friday I decided it was nothing I was looking for so I did not watch it.
– IdahoUSA: Ray will be here in July. Coer d’lene, Idaho. Want people to sign up and participate. Ray: Okay!
– Contract rate will be offered at both exchange centers and redemption centers? Ray: I believe so yes.
RAY’S CLOSING STATEMENT: We are in a good place based on information that can’t be shared and information I did share. Things look like they will wrap this up this week – if not, by the end of the week real strong indicators if it does not wrap up this week. Information I do have leads me to believe this week. . . there are some factors that could delay it and push it into next week.
Some real definitive information . . .Let’s sit back and see what happens.
Make sure you have everything covered. Self-directed Roth IRA – you have to look at it in a non-conventional manner to see the opportunity it does offer. It’s a very attractive tool to have in your portfolio.
. . . Hopefully there will be reason to convene another call. Keep believing. (played “I Believe.”)