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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 –

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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

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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

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