Dinar Comments – 7-4-13

So with all that being said I want to give an update on
where we are because it seems a lot of people are throwing different ideas and
thoughts around. For many years now there have been times at which this was
supposed to happen. But of course each time being a let down. We watched UN
meetings and agreements being made and bank rumors out the A$$. Many times we
would get information from one person that knew a guy somewhere but could never
get confirmation, but we were excited. So we kept going, . Now I know most of
you are wondering where I am going with this….Well as of Right now, we are
closer to being done than we have ever been. We have seen more things happen In
the past  2 weeks than we have in 7 years.

We have seen agreements signed, parliament members
actually showing up to vote. Iraq getting out of chapter 7, the list goes on.
We also have “Intel” being confirmed (which is huge). We have banks
really ready, we have the UST making adjustments, we have Basel III getting
implemented. We have gold moving all over the world (Do you really think it
dropped that much because of the market). We have Iraq having to pay bills
right now and wanting to buy weapons, which we saw today. We also have Chapter
7, and for them to get out. They had to agree to RV. So all of this tells me we
are within a week, maybe 2 of being done (intel says the same).

Now in regards to the rate. It will not LOP, it will not
start low and come up, it will not come out at a teaser rate then RV again. It
will also not be a free float. You have to realize this country has to be
stable. They do not have a choice. If you just look at contracts themselves,
the rates have to be fixed. They also have to be high enough that big investors
like hedge and mutual funds can not manipulate it. So a rate of 3.44 makes the
most sense. I have always thought above 2.75 however with the amount of
resources they have and the money moving around the world right now. 3.44-3.86
makes sense. Now I will also tell you the banks are ready for us. Some more
than others but they are ready. So you should all be excited.

I also have some advice for you. In a previous life I was
an Financial Advisor and how you handle your money after this will be the most
important and difficult thing to do. So what I would like you to do is meet
with different advisors, preferably with a CFP. Dont take your friends advice
on who is good, meet with several and even if someone has been in the business
for years does not mean they are good. It just means they can network well and
have some rich golfing buddies. A CFP tells you they have studied to get to
where they are. You also want to meet with an estate attorney to set up trusts,
many of you will have estate tax problems and you do not want issues for your
kids. Meet with a CPA and Tax Attorney. They are different so you will probably
need both. And lastly an Insurance advisor, they will all go hand in
hand. 

I want to finish with this. I have spent almost 7 years
talking to many of you. It has been an amazing and difficult ride. I have seen
people come and go. I have seen people fight on boards and skype rooms. I have
seen people go through horrible real life issues and keep moving forward. But I
want to encourage all of you to share and become better people because of this
blessing. Money amplifies what type of person you are. Hopefully it will make
all of you better people and allow you to make everyone around you better.

Thank you and good luck to all of you

Love
TDurden