Scooter in DV 8-4-10

[pleasantvalleySunday]

10:05 PM [scooter] In fact, the MofF just released some very interesting numbers today

10:05 PM [scooter] and I found something interesting for our friend Sonny1 ----

10:06 PM [scooter] alot of people got very concerned about the extension of UNAMI -- that

was completely expected and welcomed!

10:07 PM [scooter] This is normal

10:06 PM [scooter] alot of people got very concerned about the extension of UNAMI -- that

was completely expected and welcomed!

10:07 PM [scooter] This is normal

10:07 PM [scooter] As expected --- the RV is Buried in the UNAMI plan ---- so they hadd

to extend it

10:07 PM [scooter] they already knew this

10:08 PM [scooter] The prior approval came last year

10:08 PM [scooter] when they past it in the law

10:08 PM [scooter] Don't you see -- it's already been approved

10:08 PM [scooter] LOL 

10:09 PM [scooter] The UN/IMF/WorldBank forced Iraq to approve two years of Budgets with

the RV numbers --- this was approved in 2009 and into law

10:09 PM [scooter] they are executing this law as we speak

10:09 PM [scooter] in front of our eyes

10:09 PM [scooter] and nobody is paying attention

10:09 PM [scooter] that's why I'm laughing so hard about todays meeting

10:09 PM [scooter]  LOL

10:10 PM [scooter] oooooo Snap!

10:10 PM [scooter] Wake up call

10:10 PM [scooter] I'm sorry -- I'll behave

10:11 PM [scooter] Chpt 7 -- as I said before -- will be a hybrid --- release the

currency --- keep the protection -- the lawsuits will be mercilous

10:13 PM [scooter] they've already are running in a Quasi Hybrid Chpt 7 mode for the

past two years

10:13 PM [scooter] here's what I think will happen

10:13 PM [scooter] They have 186 Billion from 31 donar countries

10:13 PM [scooter] they have the transparency tools almost complete

10:15 PM [scooter] The facts are the facts --- and it's being given to the public

10:15 PM [scooter] it's all right there for the picking

10:15 PM [scooter]  LOL

10:16 PM [scooter] So -- I found that GE Contract

10:16 PM [scooter] loooks like they are paying 50 million in interest and deferring to

2011

10:16 PM [scooter] kind of cool

10:18 PM [scooter] The UN/IMF/WorldBank knew these guys would screw this mess up and

UNDERPINNED the whole thing last year

10:18 PM [scooter] it's alll over the place in their documents

10:21 PM [scooter] to answer the question about predicting this mess with the election --

Here's what UNDERPINNING is

10:21 PM [scooter] World Bank IRAQ DPL (Page 8 of 119) Read more:

http://dinarvets.com/forums/index.ph ... #ixzz0vh6PQguy

10:21 PM [scooter] The Program faces significant risks, which include: "Political and

economic performance risks. The ability of the Bank Group to engage with Iraq would

become constrained by a reversal of recent, hardwon security gains. Related to that, a

deterioration in the political environment either in Iraq or in the Region would also

affect the Bank’s ability to implement its assistance program. The DPL could also be

affected by risks related to the Government’s commitment to an ambitious reform program

at this time. In particular, the design of a robust program acceptable to the Iraqi

authorities might be challenging in an electoral year iv and during a time where oil

prices have started to rise anew. Likewise, a new Government post elections may not agree

to implement the same program. Given these political uncertainties, the operation has

been designed as a single tranche DPL as part of a programmatic series of two DPLs. This

DPL is underpinned by a reform agenda already adopted by the current Government. In

addition

10:22 PM [scooter] Page 10 -- Same World Bank Document

10:22 PM [scooter] 6. Through the reform program that underpins it, the proposed

operation will help focus attention on key reforms critical to Iraq’s longer-term

development. These reforms are reflected in a set of prior actions to be completed before

the proposed operation becomes effective, as well as on triggers for the second DPL in

this proposed series. These reforms focus on: (i) strengthening budget management and

prioritization; (ii) reforming the financial sector; and (iii) improving the efficiency

of the social protection system. They are consistent with the thematic areas of the

Bank’s Interim Strategy Note 2009-2011 for Iraq. The prior actions focus largely on

institutions and processes. This is because many of Iraq's institutions were rendered

dysfunctional during the past thirty years of authoritarian rule followed by war. As a

result, they need to be substantially modified to fit the needs of a modern democratic

state. Read more: http://dinarvets.com/forums/index.ph ... 8-10/page__p__

10:22 PM [oildriven] Scooter The wheels are turning toward the RV even if the gov. isn't

seated correct?

10:22 PM [scooter] oildriven Yep -- planned like this for a whole year now

10:23 PM [scooter] Page 30

10:23 PM [scooter] 77. Underpinning the whole program was a major effort aimed at

strengthening the regulatory and supervisory authorities. CBI embarked on a comprehensive

program of capacity building covering extended areas of the regulatory and supervisory

functions, with the objective of moving from compliance to risk-based supervision. This

includes undertaking a thorough and comprehensive review of banking supervision

processes; an updating and enforcement of a set of regulations in line with international

22 standards; and making new recruitments and developing training. These initiatives are

supported by the World Bank, the IMF and the US Treasury. Read more:

http://dinarvets.com/forums/index.ph ... #ixzz0vh6srrUz

10:23 PM [scooter] 102. In all three pillars of the proposed DPL, the underpinning

technical assistance projects are funded through the multi-donor Iraq Trust Fund (ITF)

financed by contributions from 17 donors15 and administered by the World Bank. The status

of ITF projects is reported regularly through the International Reconstruction Fund

Facility for Iraq (IRFFI) website and through annual formal reports to donors Read more:

http://dinarvets.com/forums/index.ph ... #ixzz0vh71fJjK

10:24 PM [scooter] Here's a goody but an oldy

10:24 PM [scooter] Page 41 --- Same Document

10:24 PM [scooter] 107. The proposed DPL is underpinned by six key ITF-financed companion

projects designed to build capacity and provide technical assistance in each of the three

pillars, namely:32 Read more: http://dinarvets.com/forums/index.ph ... #ixzz0vh7FfE8o

10:24 PM [scooter] Public Financial Management (PFM) Reform Project (US$18 million;

FY09). This project aims to improve allocation, execution, transparency and

accountability in the mobilization and use of all public resources. Cross-cutting reform

of the PFM will be addressed by strengthening budget formulation, execution and control,

improving public financial reporting, strengthening public procurement and developing

capacity in PFM, both at the central and the governorate levels. Read more:

http://dinarvets.com/forums/index.ph ... #ixzz0vh7Hj9DR

10:24 PM [scooter] and the real juice

10:25 PM [scooter] Emergency Banking Sector Reform Project (US$10 million; FY09), which

supports the implementation of Phase I of the Banking Sector Reform Strategy—Action Plan

(2008–2012), aiming at improving the performance and soundness of the two state-owned

banks—Rasheed Bank and Rafidain Bank, as well as strengthening the capacity of the

supervisory functions of the Central Bank of Iraq. Read more:

http://dinarvets.com/forums/index.ph ... #ixzz0vh7N78X1

10:25 PM [scooter] I haven't touched the IMF Documents that say the same strategy over

and over and over and over

10:25 PM [scooter]  LOL

10:25 PM [scooter]  LOL

10:25 PM [scooter]  LOL

[Maynard57]

Thanks for this PleasantValleySunday, I remember that song.

I think Scooter's message is clear and comforting: just wait for the script to play out.

Maynard

[Eddinar]

great post.....thanks for the comfort scooter......Brilliant!

[going bonkers]

Did I miss his projected RV date in the above report??? Are you saying before the 11th, the start of Ramadan. Or in 2027 when I'll be 98 yrs old....someone help me!!!!

[Bumper64]

Thanks PVS for posting this!!

Scooter, THANK YOU as always for helping us go through this crazy investment!!

[Double R]

Scooter is the man. All the negative nellies won't like this post

[hfdmedic]

Thanks for the post PVS (+)

Thanks for the uplift Scooter!

Did I miss his projected RV date in the above report??? Are you saying before the 11th, the start of Ramadan. Or in 2027 when I'll be 98 yrs old....someone help me!!!!

Scooter has never set a date or specific rate, but according to the information he has shown us it seems that we are on schedule for the RV prior to the ISX going international which is supposed to happen at the end of October. The statement has been made that they will need time for the Dinar to "level out" prior to the ISX hitting world markets somewhere between 30-45 days, so you can possibly back it up and get a "near abouts" date.

As far as a rate, he has shown that they have played with numbers from 1.13 to 3.22 (I think those are correct), but an actual rate has not been shown.

Once again, Thank you Scooter!

[Maynard57]

Thanks for the post PVS (+)

Thanks for the uplift Scooter!

Scooter has never set a date or specific rate, but according to the information he has shown us it seems that we are on schedule for the RV prior to the ISX going international which is supposed to happen at the end of October. The statement has been made that they will need time for the Dinar to "level out" prior to the ISX hitting world markets somewhere between 30-45 days, so you can possibly back it up and get a "near abouts" date.

As far as a rate, he has shown that they have played with numbers from 1.13 to 3.22 (I think those are correct), but an actual rate has not been shown.

Once again, Thank you Scooter!

Exactly. This means mid-September. NOt that long of a wait people! We're good.

[Teresa82]

Great post thank you! And thank you Scooter for all your hard work, and expertise! I really eat up this information. It's a great faith builder!!!! I'm looking forward to an rv in the very near future!!!!

[Pegleg]

Thank you pleasantvalleySunday for posting Scooter's chat. Scooter I sincerely appreciate all that you share with us.

[Walker Texas Ranger]

HA!

[ronscarpa]

10:05 PM [scooter] In fact, the MofF just released some very interesting numbers today

Thanks for the Chat * Info SCOOTER...!

Thanks PVS for posting (+)...!

RON

[Drez]

Great info like always Scooter, thanks for the hard work.

[wbuse984]

Thanks for the post PVS...and thank you scooter for the insight and encouragement...

[caz1104]

Scooter,Thank You!!!! Your tireless contributions to this investment are invaluable. God Bless & GO RV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[lechesuerte]

Scooter - well done as always! Thanks - GO RV in 2010!!!

[carolina.broker]

Thanks Scooter... you're one of the few that are rock solid and sane in this insane investment we're all in If you're ever in Charlotte the rounds are on me!!

[wmgprint]

Scooter I appreciate all the hard work and time you spend researching these documents . Thanks for sharing the info and your interpitation with us. Thanks you!!!

[mhl0521]

I wish I could just get emails with scooter and groovgal's chats which would save me from spending too much time on these forums...or alerts when they post. Thanks Scooter!

Edited August 5, 2010 by mhl0521

[Doc31]

Thanks for the post

[mythunter]

I wish I had a tenth of scooter understanding of what is happening in Iraq. Thanks for the post and thank you scooter for the info.

[deenar]

Thank you scooter! We really appreciate all of the time and effort you have put into this. In other words....YOU ROCK BRO!!!!!

[KimberlyHanson]

Many thanks for all your time and efforts. The information you bring to us is fascinating and priceless...we are very lucky to have you here. I've reached the point where I don't even click on a chat post unless it has the name "Scooter" in the title. Looking forward to the next one!

[Traconesu02]

Thanks for posting pleasantvalleySunday

Thank You for the insight scooter. Much Appreciated.

Go Iraqi Government

[Williamjr]

Great Read! Go RV!!!