THE BIG CALL NOTES WITH BRUCE TUESDAY, DECEMBER 18, 2018, INTEL ONLY
TRANSCRIBED BY PINKROSES
Bruce: Welcome Everybody to the Big Call tonight. Let’s talk about some Intel and see in the world are we because today was one of those days since Thursday or Friday of last week everything was pointing toward receiving the toll free number sometime this afternoon.
There was the possibility Saturday but realistically it was pointing to Tuesday. Here we are Tuesday night without the toll free number yet.
Bruce: Let’s talk about which is a little bit disconcerting, but I am still remaining very positive because what additional information I received today and some of it just before the call.
Let’s talk a little bit about where Iraq is in this process and why it is important. Every time we think Iraq is out of the way and complete we find no they needed to do one more thing or they needed to do this. It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide.
They just need to say it. It is more of a formality than anything else is where we are right now.
Yes they were supposed to do that this morning about 10 to 10:30 this morning EST. That was the time EST and 6 to 6:30 in the afternoon Iraqi time it was supposed to come out. Why didn’t it? Why didn’t it happen?
Bruce: This is an idea that I have been thinking about most of the day. We have the situation in Iraq with rates that are on the screens for the dinar in about 6 Middle Eastern countries now including of course Iraq, but also some of the other countries, Qatar, Jordan, I believe Saudi Arabia, and two other countries in the Middle East where the rates are on the screens. They are not internationally known everywhere yet, but they should be and we are waiting for Iraq to declare that.
Bruce: Now here is the thing. Last Saturday Iraq paid the people in Kurdistan thru the Oil and Gas Law, the HCL or Hydro Carbon Law. They paid them on their Qi cards at a rate equivalent to $5.24.
Now I don’t know if you remember, we had an Iraqi dinar rate, I don’t do rates much, but occasionally I will mention the dinar. Well the dinar has gone up. I had a rate last week of $4.97 on the screen. This rate puts it $5.24 for that in-country for the Qi cards in Kurdistan.
This may have caused some uprising in Baghdad and other parts of Iraq south of Kurdistan because some of those people may be thinking Okay you paid Kurdistan Saturday what about us? Maybe they will be next, but they haven’t been paid and they are just not happy.
Bruce: However, I know Chase Bank is affiliated with Rafidain Bank and I think Rafadon Bank in Iraq. I know Citibank is affiliated with Al-Warka Bank and maybe others, but we know that the banks in the US, Chase and Citibank are connected, linked to those banks in Iraq. That is new. That just took place. That is another positive step that is moving us forward for what we are looking for.
Here is the problem. Have you seen the price of oil per barrel WTI, West Texas Intermediate? It is sort of the barometer Iraq is using to base their budget on. They set their budget on per barrel price, and we have it in US Dollars and we know what it is.
The point is as the price of oil has been dropping. Today it was just under $47. It was $46 something per barrel. WTI as we become the largest producer of oil, the United States, and going to be a major exporter of oil, what is happening is the OPEC, Organization of the Petroleum Exporting Countries, that group is falling apart. Countries are leaving OPEC, actually today. They are going to be buying 95% of their oil from us in the United States.
Bruce: What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. Now we are the ones controlling it.
We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq.
Bruce: The one thing we were waiting here today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday that needed to be reintroduced or re-extended as of today.
I am not going into the depth of the executive order, but I believe that is what may put us over the edge as far as being ready to go. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes.
Is this supposed to be our week to go? Yes.
Redemption Center Staff are on 24 hour call. They are ready to respond either 3o to 40 minutes depending on what part of the country and conditions. They have 30 to 40 minutes to respond to a phone call to an email and be at work at their desk ready to go. That is going on and on call right now. They are sort of on high alert all the time. Will this get done before Christmas?
All I can tell you that is the goal. Yes, I believe that is what will happen. I also believe we would get started this afternoon. We got little bit of a set back today, but I don’t believe it is going to prevent us to going this week.
Bruce: When it comes to rates we know they have made certain reductions of the rate on the back screen for the Zim. The rates have been all over the place. I do not do rates on Zim because the minute I put one out or try to, it will change. All I can say is they have reached an agreement yesterday morning.
All the main banks have reached an agreement not to exceed a certain rate on the bank screens. Even if you are trying to negotiate, my understanding is there is a limit. Okay fine.
Bruce: Also I understand when it comes to the Redemption Centers, I think they have taken the gloves off regarding being able to offer additional perks where they don’t necessarily all the banks have to offer the same exact perks. They may have some flexibility now trying to win you over to bank with them to additional perks.
Now do perks really matter if you got Zim? Not really. We can buy all the perks on the list buy and sell them like day old bread if you are a Zim holder, but it is nice to know they have things they like to offer to us.
The main thing is to have no fees on any services, we want fair rate of return on our structure payout we will get, persistent payout and help from the bank regarding family offices. We have a trusted partnership with the bank that none of us have ever had before. That is going to be new.
There is an entire new twist which is called transparency. That was being discussed in a meeting today regarding banks, financial institutions, and the US Government. I think the very positive thing to look for and the banks are being told it is our money. It is not their money. It is our money. We get to decide and say what happens. We get to say what we want to do with it. They are learning that. They are being taught. I believe that is the way it is going to be moving forward. We are not kind of looking at old things like we use to.
Bruce: Everything like I said we understood there was one more thing in Iraq and one more thing here. My understanding today is we got the one more thing done with the renewal of that Executive Order today.
Hopefully Iraq will do and I have been told they will. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time.
Bruce: The Redemption Centers. 90% of the Redemption Banks and the Tier 1 Banks are to be opened 24/7. That is going to go thru all the way up to and including December 23rd which is this coming Sunday. Will they stay open Christmas Eve and Christmas Day? We do not think so. We think they don’t want to. We don’t think the Chinese Elders want that to happen. They may skip over those two days and keep on going.
I know there is a certain date in January that is picked out to be the last date for Zim exchanges. Then there is a date that is being pushed back every day for when John Q Public is to get started sometime early January.
Bruce: The President wants us to have money for Christmas. I believe he will achieve that and we will achieve that. I am excited about where we are. I was just a little disappointed we didn’t get what we thought we would get today, but it is not enough to take the fire out of my belly so to speak.
I am still very excited about our timing and where we are and about our Holiday should be by and large the very best Christmas any of us have ever had, and I am looking forward to it just as you guys are.
Bruce: I want to thank everybody tonight. Thank you Sue, Bob, and Pastor Steven. I want to thank all the listeners that come in every Tuesday and Thursday night at this time. It really has been meaningful.
I want to thank Pinkroses for incredibly transcribing our call so people all over the world can read it and translate it even in their own language. It is wonderful and a real blessing to us. I just like to thank everybody who is listening all over the globe because you can listen as you know live, on the replay, and click on the link and listen that way.
You know the toll free numbers when they come out will go to thebigcall.net and bigcalluniverse.com . Thank you so much everybody for listening tonight. Everybody have a beautiful night.
Let’s keep an eye on this thing and let’s see if it doesn’t manifest here very shortly. Good Night Everybody. God Bless you all.