Bruce’s Big Call Intel Thursday 3-3-22
Bruce’s Big Call Intel Thursday 3-3-22
Call Transcribed by WiserNow Emailed to Recaps
Welcome everybody to the Big Call tonight – it’s Thursday March 3rd and you’re listening to the Big Call –Thanks everybody for tuning in yet again - we’re still going and we’re like the Energizer Bunny (chuckle chuckle) we’re still going and will continue to do these shows until we get the numbers and put them out and can no longer do the shows – so that’s the plan -
Intel tonight – I have to tell you - it did change – it changed from what we had even Tuesday night – 2 days ago – I don’t get real happy when I hear certain changes that I believe are changing what we have – I like things (chuckle) knowing a little ahead of time what we’ve got
Now – today we had some corrections – so we’re doing a course correction – with a moving target – trying to get it stable so we can shoot at it without it moving – but that’s still been very difficult –
So let’s go over the basics of what is going on – bondholders – you know they have been waiting a year or more to get their money from bonds they did a long time ago – some of them 17 years – but they exchanged their bonds – they did a table top meeting and their bonds were hypothecated and so on –
But – the bond holders are being told actually get their funds released to their accounts after markets closed tomorrow – well the markets close at 4 PM usually about 4:30 aftermarket trading – on the East Coast – so those will start going out in mass tomorrow afternoon (Friday) / evening
And bond holders will be getting confirmation emails should be Saturday – telling them they have access to their accounts – meaning access to “funds” starting Saturday and some will get their emails on Sunday and they will have account access on Monday Now – that’s our bond holders –
Sometimes bond holder information gets construed as our information – it’s not the same – we are close but we’re not exactly in the same timeline as the bond holders – We – sometimes it looks like we are - we think we’re on that double barrel shotgun start – but so far it has not been that way –and it doesn’t look like it’s that way for us –
The latest information we have from the lead bank – they did a conference call at the treasury today – not a super long call – but it suggested that those of us here in tier 4B the internet group would be notified by Monday or Tuesday morning but more than likely go Tuesday – it’s a possibility that we would start on Monday – depending on when the numbers came out – very slight chance we get them Sunday night / overnight – slight chance - but right now – I think the smart money talking about Monday notifications – Tuesday exchanges – that’s what we’ve got for us – tier 4B – internet group –
Iraq qas supposed to have done their thing last Monday and they’ve been blacked out form us through at least Wednesday and probably still blocked out today – I didn’t find that out – but I have a feeling that if they don’t do what they said they were going to do last Monday then they are done and waiting for us – They are just waiting for our “to go” signal – If they haven’t done it yet they will probably wait and do it Sunday and have everything ready for Sunday night trading –
Either way – it’s going to happen – the government seated – or if not it will be - all of that stuff is to come together right before we get ready to go - Why aren’t we ready to go? Why didn’t we go Tuesday? Or even yesterday – I can’t tell you except we know that they’re still - let me say it this way – they are still working on pick ups and drop offs – let’s see what was it ?? Was it Tuesday night that was the State of the Union address?? That was a big night for pickups and drop offs - a lot of clean up – a lot of clean up on isle 3 - What else?
As far as the Public – I remember the last few weeks I told you that the Public is going to go when we go – Public / tier 5 will go with tier 4A and tier 4B
Then I heard a couple days ago – maybe yesterday – NOT THE CASE - The Public looks like it might not start until the week of March 14th / 15th to be Mon / Tues a week from this coming – now why is that ???? Because there are – as of yesterday – 9 countries that are still on the SEIFT System and they are taking until the 11th to take those countries off of the SWIFT and make sure they’re on the QFS – and some of these countries included even France and I think one or two South America – they were scattered – I heard the list really quick – I think 9 countries – and I thought ok - well I didn’t get the list for you – not that crucial to us –
However – when those countries come off the SWIFT and go to the QFS that should be done by the 11th of March – and this is affecting other countries which are primarily the Public
Now we have listeners in other countries – we know that – we have listeners in at least 30 – 40 countries that Sue has heard from – and occasionally I will hear from somebody – but the point is most of the other countries are not using our toll free numbers here –to set appointments because our appointments are working with redemption centers in primarily North America including US & Canada
Now – I have told you this forever – don’t forget it – HSBC is the lead International Bank for exchanges – Wells Fargo is the lead bank for the United States – so Canada has HSBC they also have Scotia Bank which I understand has merged with Royal Bank of Canada - they will all be doing exchanges and if that is where you live – that’s where you are going – is anywhere else around the globe – you will be exchanging in “your” country – where you live – We here in the US will be exchanging here and will be using the toll free number that comes in email or that you get from us in your email - when we get it -
Now another thing we’ve got and this will just about wrap it up for us tonight – is that redemption centers – we’ve got quite a few – I think we had 4800 maybe more in the United States and these schedules are going to go out Sunday night to the redemption centers that will give them a 17 day schedule for setting their employees in – redemption center staff – and everything – they will have that and they will have a schedule that they can follow –
I don’t know if the schedule will start them on Monday – which is my guess - they will be taking appointments I hope – taking our calls – setting our appointments - but it could start Tuesday – We’ll see – but that is going to go out Sunday night throughout the country to at least 4800 redemption centers – ok
So that tells us that we’re moving in the right direction – the bond holders are moving through the weekend - Saturday and - Saturday and Sunday emails –Monday –
Emails to redemption centers go out Sunday night – We believe and HOPE that the emails for us will go out Monday – and we’ll set our appointments for exchanges to start on Tuesday -
Now this could be off a day or so either way – we know that – you know that by now – it’s just that the intel has changed – at every chance but all we can do is stay patient –let the Grace of God come to us and it is sufficient for all of us –
It’s not been easy to wait for this – it’s not been the hardest thing but it’s not been easy – and I think a lot of people are affected by it and it may be a little easier – it’s been 18 years for me involved in currency this month – 18 years - we are just doing the right thing – hanging in there for the people –
Now this is the information that we have – today – we know what the redemption centers are doing – getting the schedules out – we know about the conference call today – we know that with the treasury – we know that the timing for this has been at least at this point – is what I just told you – bond holders well underway –especially tomorrow or when they get funds released that haven’t been funded already – and so this is a great opportunity for us to catch up and be completely ready to go next Monday or Tuesday –
So with that – thanks everybody
Bruce’s Big Call REPLAY LINK Intel Begins 1:16:51