Bruce’s Big Call Intel Thursday 6-9-22
Bruce’s Big Call Intel Thursday 6-9-22
Call Transcribed by WiserNow Emailed to Recaps
Welcome everybody to the Big Call tonight – it’s Thursday June 2nd and you’re listening to the Big Call – Thank you everybody for tuning in from all over the globe whether live or on the replay –
Ok let’s see where we are based on Tuesday night – we had heard yesterday that we could get notified Thursday – Friday – Saturday or Sunday – the next four days- Today is out and I have heard yet today that tomorrow is “OUT” - so we can write off Thursday and Friday – However – Saturday – Sunday and Monday are looking very strong for us for our notifications – and as well the bond holders which are still tier 3 – remember they are supposed to go in parallel with us – sort of a shot gun start – maybe a modified shot gun start –
But they should get notified also by email – remember the bond holders emails come from HSBC servers – our tier 4B emails comes from Wells Fargo servers – so the tier 3 bond holders emails are also supposed to come out any time after 10 PM Friday night – so it could be midnight – after midnight – early morning Saturday – could be any time – and those will get emails and be able to have access to their funds for about 2-3 weeks –
They’re going to get emailed and get access - they are going to have to roll that out because there are so many bond holders but they want to do that sort of slowly – they are not going to get a deluge at once -
It will start and then continue to go for at least 2-3 weeks - now we don’t have that situation – we’re supposed to be notified Saturday – Sunday – or Monday and set our appointments for very early next week
Now very early next week sounds like Monday – but I’m going to say let’s allow for Monday and Tuesday and call it early next week – this is coming from two very good sources one of which is a Wells Fargo source and by the way there were two conference calls from Wells today – one yesterday with Treasury and Wells Fargo banks and today was Treasury – Wells Fargo banks and then a second conference call between Treasury and Redemption Centers - both were about an hour and 45 minute – to 2 hours long each and both of those were today –
Now the other thing that is new which I think is cool is that for the first time at the banks – bank tellers will be brought up to speed on these currencies – no those of us who have zim and other currencies – we will be using redemption centers - but a lot of people with just dinar – dong or something can be routed – even from the 800 number – they can be routed to a tier 1 bank – even a tier 2 bank
But what is really interesting today for the first time on this call bank tellers are to be chosen – 6 tellers per location – per bank branch – to be brought up to speed in the next 2 days Friday Saturday on the currencies – Now they have a delarue machine so they’re going to be able to verify currencies with that but this way even tellers are going to know what’s going on - That’s the end – that the last portion of it for people to know – and I think that is really good news – we have gotten to that point
Again – we are looking for tellers to be trained in 2 days which is Friday and Saturday and then we should be notified by Saturday – Sunday or Monday – and go very early hopefully next week which I would say very early Monday or possibly Tuesday – Now – that is really good news
Now let’s talk a minute about Iraq – they did what they said they were going to do – yesterday – with their rates and it’s a good opening starting rate in country and internationally – it will probably get up to about 8 in a couple days ok just to let you know – and our rate would be much higher than what we’re talking about as an international rate
So – remember we have the potential to get the highest rates available at the redemption centers just to let you know
Now the other thing is Iraq has to take 72 hours from yesterday (thur fri sat) to ratify this new change in their evaluation of the dinar – they’ve got to pass that over that 7 hours period – and they have to work with Kurdistan on that and as the value – as the per barrel price of oil goes UP they are making certain adjustments with that and probably with the budget as well
So that is all good – its all happening but let’s face it will anyone know about the rate for the dinar here? Not until – in my opinion – the public goes
Now if we were to start Monday or Tuesday the theory is the public which is what I call tier 5 – they might start on the 15th or 16th - that would only be a 2-3 day head start for us – but it doesn’t matter because they are using banks only and we are using redemption centers - ok – so they can go 2-3 days after we start –it will be ok – it will be fine –
Now the other thing is we have some form of 10 days of disclosure – NOT darkness – “disclosure” which could be a cover for us going in for our exchanges and our redemption of zim -
I’m not quite sure what’s going to happen with the timing of this but I think we should all be aware that is very possible – that we’ll get certain things spoken of on the Emergency Alert System – or maybe they will get the news network to actually put out something truthful – we’ll see what happens – want to keep an eye on that
So we have the timing for this updated – we know roughly when we’re supposed to get started which is early – or very early next week – we think that – well we know what’s gone with some of the rates but it’s not going to be a concern – the zim will be in it don’t worry about it – it’s all there and you will - if you have projects – you will get a very on par with the dollar rate - so don’t worry
I think that is all I wanted to give on the call tonight Thanks everyone for listening -
Bruce’s Big Call REPLAY LINK Intel Begins 1:03:13