Highlights/Thoughts
Notes from GET call
· They do not make up information. It is information passed onto them from sources, but things change that they do not see. Things pop up.
· A lot of things happened this weekend
· Lot of talk of cashing in on Tuesday
· Reading of the budget baffles TK. Articles that show it is done, but there are articles that say it hasn’t even been read yet
· 2 guest speakers tonight
· Al:
o Discussed site statistics
o Talked about party
· Rodney
o Talked to friend about Jordan bank etc….they’ve had numerous confirmations
o His friend has an acquaintance that is an American citizen in Jordan
o His friend said everything that’s been said about the bank is true
o Talked about requirements for exchanging
o In touch with software developer of website. Said they made a mistake. Think they got in trouble with Jordanian government
o Went over economics with some people
o 3 days ago big article came out regarding global settlements; stuff that he was addressing before; everyone should look at this
o It is important to understand the full spectrum of things
o If you analyze this through a very narrow funnel (what’s date and rate?), you’re going to get frustrated
o There are no coincidences
· Ray
o Trust unlimited information
· TK
o Ty will cash you out at $150 per transaction instead of $150 per million
· Steve
o Going to give his book to everyone on GET that wants it
o Talking with friend Patty, who is a great newshound
o Told her that he’s done everything that he can do to prepare everyone for this
o Spoke of his plan
· Blaino
o Looking at why things are being delayed
o Backroom negotiating and dealing having to do with resolution 687 (reparations to Kuwait)
o Source gets this from his contact
o Blaino doesn’t have a personal connection to source
o Iraqi govt will pay 1,000 IQD to each citizen born before 2/11, and the IQD will have a guaranteed min value of $3.59
o Will have a food card issued to each Kuwaiti family, and will be good for some value and charged back to Iraqi government. Cards good until 3/31/2012. Haven’t issued cards yet
§ [*****] ***** Kuwait Amir grants KD 1,000 for every citizen on nat''l celebrations occasion KUWAIT, His Highness the Amir Sheikh Sabah Al-Ahmad Al-Sabah orders an Amiri grant of KD 1,000 (USD 3,559) for every Kuwaiti citizen including those born until February 1, 2011, a senior government official said Sunday. Minister o State for Cabinet Affairs Roudhan Al-Roudhan said Sheikh Sabah ordered the grant on the occasion of the 50th independence anniversary, 20th liberation anniversary and 5th anniversary of Sheikh Sabah's assumption of office, due next month. Furthermor, Al-Roudhan said food ration would be offered for free between February 1, 2011 and March 31, 2012.
· Okie
o So much activity going on within the last several days which is promoting our point in time
o Positive things that have happened
§ People will not appreciate and know the extent the work that Biden did when he was in Iraq
§ Fact that Canada removed IQD off of their OFAC list and made it a recognized currency is a major consequence
§ For the first time since the invasion of Kuwait, Emir visited and left happy. Will probably never know what happened
§ Reparations was probably addressed
§ We are practically at the apex
§ Projection is that RV will be on Tuesday. If something comes up that may stop it, he’s not aware
§ He only has positive intel
§ Information on the cash out in Jordan is that there were only 200 people or entities that cashed out. Requirements we were aware of were correct. 2.88 and 3.88 were mentioned as cash out values
· Questions
o What are projections of the value of the dinar over a 1 or 2 year period
§ There is a possibility being first followed by and RV at a later date after the zeros have been pulled in. IMF may have a restriction of 18 months where the initial value must remain constant. If they come out at $5.27, it probably won’t appreciate much further. Will take 5 to 7 years for them to develop infrastructure before they can get all the oil sold. Could we be seeing an unofficial RI at 3.22 with an unofficial timeframe allowing what is happening in the ME right now? Then, later see the 6 plus rate at the CBI.
§ Blaino received a lot of intel from bankers. Bankers shared with his friend that the rate will be the 5.27 rate and we should see it Tuesday morning.
§ Okie thinks that they cannot come out at a high rate because of the shock the surrounding countries will feel. On the flip side, the high rate will incentivize foreign investors. There is probably an equilibrium there somewhere, but he doesn’t know where it is
Okie says no one is cashing in at Hong Kong
Okie says no one is cashing in at Hong Kong
Al knows someone that cashed in at 3.22 (an overseas source; not willing to give country; someone they take to frequently)
Note: It was mentioned on the call that ledger to ledger transfer will be better than wire. If you wire, you may not see your money until after Homeland security has had a chance to investigate. Could be 2-3 weeks.
Did not stay on call for the remainder of the Q&A
Note: It was mentioned on the call that ledger to ledger transfer will be better than wire. If you wire, you may not see your money until after Homeland security has had a chance to investigate. Could be 2-3 weeks.
Did not stay on call for the remainder of the Q&A
Great synopsis. Thank you so much!
ReplyDeleteThanks and you're welcome!
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