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Scooter chat from the wee hours of 11-30-2010


HuntTech
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[scooter] kk4jl@home you know -- i have some friends that own alot of the this stuff

[scooter] and they say it's imminent

[loggersteven] imminent ?

[scooter] and then

[scooter] I have another friend ---- like Enoch8 ---- who plays with the same folks

[scooter] that says it's not ready yet

[scooter] but then

[scooter] I have some others

[scooter] it just goes on and on

[scooter] LOL

[scooter] my point

[Scooby Doo] Scooter what do you make of all the recent lopp and RD talk?

[scooter] I'm living my life and moving my business forward

[scooter] because I'm tired of waiting for this darn thing to happen

[scooter] LOL

[frankc] Scooter I think that is all you can do.

[scooter] LOL

[scooter] It is

[scooter] with that said

[loggersteven] HuntTech when is baby due

[scooter] remember why they are doing this

[scooter] it's not for us

[scooter] or for the governments

[scooter] it's for the starving people of Iraq

[scooter] and

[navyguy1988] Scooter amen to that

[scooter] to change a part of the world

[HuntTech] Calculated date is dec 14th, but she's having lots of pre-labor contractions and pressure in her pelvis. We're in "any day now" mode.   

[scooter] LOL

[scooter] LOL

[scooter] Too funny

[HuntTech] I figure we'll go into labor and the RV will happen and I won't even know it. LOL   

[loggersteven] i have one due jan 30th

[navyguy1988] HuntTech the miracle RV baby

[toolkeeper] HuntTech. a caesarin would be consider as a LOP eh?

[HuntTech] toolkeeper LOL never a caesarian.   

[HuntTech] loggersteven congrats!

[scooter] :)

[loggersteven] thanx and same to you

[HuntTech] navyguy1988 Maybe so... Might have to name it Robert Victor.   

[toolkeeper] HuntTech.. congrats. do you know if its a boy or a girl?

[kk4jl@home] Scooter so do i

[frankc] Scooter I've never known the elite to care a hoot about the peons.

[HuntTech] toolkeeper nah... we don't know on this one... will be a surprise.   

[scooter] I still think before the end of year

[navyguy1988] HuntTech LOL  

[scooter] frankc --- yea, I know

[toolkeeper] frankc.. yupppers. the powers that be dont even think of you when all of their bandwidth is focused on them.

[RVDinar4MyFamily] wow..activity at this time of the morning

[RVDinar4MyFamily] even a scooter sighting

[navyguy1988] RVDinar4MyFamily LOL  

[loggersteven] this will be my 5th its a girl

[toolkeeper] i still believe the RV is imminent.

[scooter] They do a little bit more when they become one step closer to Iran though

[frankc] They wasted 9mos from the election. Didn't bother them.

[navyguy1988] scooter comes on when no one else is up that way he doesn't get bombarded by people

[HuntTech] loggersteven your 5th! Awesome!

[scooter] navyguy1988 LOL

[RVDinar4MyFamily] Scooter dont you ever sleep     

[scooter] RVDinar4MyFamily RVDinar4MyFamily What are you doing up bud

[scooter] LOL

[toolkeeper] and if if doesnt happen, i man enough to believe that its me and my lack of omnipotent knowledge.

[sandy040] how many islamic holidays are there in one year, my flight to afghan has just been delayed due to the islamic new year and they taking five days off

[loggersteven] ya i guess didnt want to basicly start again at my age

[RVDinar4MyFamily] Scooter ya know...sleep is for the sane

[scooter] So Why did Golman Sachs purchase $66 Million

[HuntTech] loggersteven kids are a blessing... I used to think I never would have kids or even wanted them... I changed and it is amazing.

[RVDinar4MyFamily] so yhey could be rich too?

[RVDinar4MyFamily] they*

[frankc] Scooter There's a lot of Iran supporters in Iraq.

[kk4jl@home] Scooter Thank you for all the info you give

[scooter] kind of an interesting number don't you think

[loggersteven] i feel the same HuntTech

[RVDinar4MyFamily] thats alot of dinar

[loggersteven] but i just turned 50   

[frankc] Scooter Is that GS info a printed fact?

[HuntTech] loggersteven 50 is the new 30.   

[scooter] nope

[loggersteven] lolololol

[Scooby Doo] Scooter what do you make of all the recent lopp and RD talk?

[RVDinar4MyFamily] scooter, I have one for you

[scooter] The bunny-ear stuff is imo --

[scooter] CRAP!

[HuntTech] Scooter LOL anything Goldman-Sachs does scares me.   

[Scooby Doo] what they're saying is that the higher denoms won't be honored outside of iraq

[scooter] They are also the agent that the treasury buys their notes

[scooter] Which makes it even more interesting

[frankc] Goldman Sucks is now part of our govt.

[scooter] Scooby Doo --- i'm sorry -- I just don't buy it

[HuntTech] Scooter Did you ever read the history of Long Term Capital Management and what they did to the Russian Ruble? Recognize any of those players names? Spooooooky.

[scooter] there's too much evidance against it right now

[frankc] Scooter Did one of your sources tell you about the GS purchase?

[RVDinar4MyFamily] article today that Iraq will impose new tariffs for good in and out of the country

[scooter] just doens't make any sense

[scooter] frankc can't say -- it's top secret

[scooter] LOL

[RVDinar4MyFamily] as of 1/1/11

[scooter] yea

[HuntTech] LOL  

[frankc] Scooter       

[scooter] so I don't know if it's true or not

[scooter] probably garbage LOL

[RVDinar4MyFamily] but chpt vii restricts Iraq from imposing tariffs

[scooter] but that is an interesting number

[scooter] Scooby Doo -----

[scooter] are you there bud

[frankc] Scooter I think you believe it. What is interesting about 66?

[scooter] the fed just printed 660 billion for the latest QE

[frankc] Scooter Gotcha

[scooter] I'm wondering if they didn't buy 660 million

[scooter] they could afford it

[toolkeeper] which some economists believe that this will make the dollar drop as much as 20% invalue once this is done.

[Scooby Doo] sorry ... had a guest

[Scooby Doo] I'm here now

[scooter] after the last commission check from the american people

[scooter] toolkeeper yep

[scooter] I was calculating

[scooter] if it indeed loped

[toolkeeper] scooter.this IMO is why im not at all suprised if the RV goes to the low 4.xx in value per dinar.

[scooter] i hate that word

[loggersteven] you know what its hard to keep the faith watching and reading all this

[navyguy1988] newbie question

[HuntTech] toolkeeper I don't see this as a boost for the dollar at all. Not sure where people see that. The dollar is going to tank worse...

[frankc] Scooter IRS only collects about 1T in taxes.

[scooter] did you know the 25 dinar would be worth 2 pennies

[scooter] that's going to buy alot

[navyguy1988] what the heck is a bunny-ear?

[scooter] and it doesn't solve the original goals from the UN and World Bank

[navyguy1988]  a loped?

[toolkeeper] HuntTech.. its not boosting the dollar.. inflation makes the dollar inflated, less capable of purchasing power.

[scooter] plus

[scooter] why would they put out the new D

[smileyB] Scooter you better be careful the naysayers are gonna get mad at you and your logic!!!!   

[scooter] CPI for the country

[scooter] at the higher rate

[HuntTech] toolkeeper Oh, I know... I just am not sure how anyone can see it otherwise.

[scooter] or use the Bahraini Dinar as a basis for their operational budget

[Scooby Doo] Scooter when you get a chance read this please http://dinarvets.com/for ··· ry285843

[scooter] just doens't make sense to me at all

[navyguy1988] newbie question.....what's a L O P?

[smileyB] navyguy1988 >:

[toolkeeper] just like dollar purchasing gold. over the years gold remains stable. what is gyrating around is the value of the printed dollar.

[frankc] Scooter Can you address the money supply and huge payout for rv pls.

[bigrocks85] navyguy1988 dropping the 3 zeros been talked about on and of for yrs

[scooter] remove the three zeros from the currency

[HuntTech] toolkeeper preaching to the choir, buddy! I am sooooo glad you see it rationally like that!

[scooter] frankc -- ok -- then I'm going back to bed

[scooter] LOL

[scooter] ok

[HuntTech] :)

[frankc] ok

[toolkeeper] HuntTech.. Great Minds Thinking Alike

[Scooby Doo] it's incountry's take on the RD

[HuntTech] How's the startup you purchased!   (I'm calling it that.)

[scooter] they have approx. 27 trillion in circ right

[frankc] right] :)

[Scooby Doo] supposedly

[Scooby Doo] it's incountry's take on the RD

[HuntTech] How's the startup you purchased!   (I'm calling it that.)

[scooter] they have approx. 27 trillion in circ right

[frankc] right]

[Scooby Doo] supposedly

[scooter] half of that is in reserves where it will never ever come back to iraq

[scooter] ever

[scooter] locked away

[navyguy1988] kk thank you.......lol my bad SmileyB i knew about the zeroes just not what it was called

[frankc] ok

[scooter] so roughly 13 trillion in circulation

[scooter] 90% of that circ.

[smileyB] navyguy1988 ahhh I thought you were just being a pain   

[scooter] is in country

[scooter] or 80 - 90

[scooter] I say its closer to 85

[scooter] so

[scooter] 11 Trillion is in country

[scooter] one of the options

[frankc] Isn't it said the US govt has 3 to 5T

[scooter] is to churn and burn the larger 1000's series notes

[scooter] immediatelyu

[scooter] but the money stays in country

[frankc] Isn't it said the US govt has 3 to 5T

[scooter] is to churn and burn the larger 1000's series notes

[scooter] immediatelyu

[scooter] but the money stays in country

[scooter] in electronic form

[scooter] via checking and savings accounts

[scooter] when the iraqi's rush to the banks

[toolkeeper] so . the RV could support a historical rate of 3.xx right?

[scooter] the notes will be burned immediately or "soiled" as they say it

[scooter] hold on

[scooter] toolkeeper -- it could -- depends on how they play this

[scooter] they need the circ. to be at 15 Billion - 18 Billion

[scooter] but

[scooter] they need the circ. to be at 15 Billion - 18 Billion

[scooter] but

[scooter] that's another question

[scooter] LOL

[scooter] LOL

[scooter] now

[scooter] ah yes

[scooter] the banks

[toolkeeper] well if they come out low on the rv rate.. the price will get pushed up

[scooter] the banks will immediately lend that money out

[scooter] once deposited

[scooter] on the 100,000 new homes they will build

[scooter] the water and waste water plants

[scooter] electricity plants

[scooter] all the infrastructure

[RVDinar4MyFamily] Scooter did ya catch what I was asking ya

[scooter] Baghdad will become Disney world all at one time

[HuntTech] (and a company (net1) announced on Nov 10 new orders (2000 units) for EFTPOS systems for use in Iraq banks)

[toolkeeper] a high enough rv rate will discourage the other institutional investors.

[scooter] LOL

[scooter] RVDinar4MyFamily i didnt

[scooter] sorry

[RVDinar4MyFamily] article today that Iraq will impose new tariffs for good in and out of the country

[scooter] toolkeeper

[scooter] but

[RVDinar4MyFamily] but chpt vii restricts Iraq from imposing tariffs

[scooter] they would get the larger notes out of circulation

[scooter] it depends on how quickly they want to recover thenotes

[RVDinar4MyFamily] article states this will start as of 1/1/11

[scooter] RVDinar4MyFamily Yep

[RVDinar4MyFamily] sign that they expect chpt vii to be lifted?

[scooter] take a look at the

[scooter] USAID Tijara website

[frankc] Scooter You don't think there will be a time limit for exchange do you?

[scooter] they designed the banking systems

[scooter] and look for the

[scooter] iraq brochure

[scooter] it has it all laid out for youi

[scooter] it's an awesome program

[HuntTech] LOL I never thought I would ever see Baghdad compared to Disney World. LOL  

[scooter] frankc --- i just find that hard to believe as well

[scooter] but it's possible

[scooter] HuntTech LOL

[scooter] you should see the CAD Drawings from Autodesk

[HuntTech] LOL

[scooter] Amazing !!!

[Scooby Doo] Ride the RV roller coaster .... visit Terry K's kingdom also known as Fantasyland

[frankc] Scooter Bottom line you have done the math and feel the money is there to pay the rv?

[scooter] frankc --- it depends on which road they travel my friend

[scooter] they could open at 1.50 and cruise to 3.22

[scooter] or

[scooter] take the leap

[HuntTech] Scooter can I ask you one thing about that leap? (If you don't mind?)

[Scooby Doo] I ain't takin no cruise ... I'm out at $1.50

[frankc] Even 1.50 is a huge payout.

[scooter] last one

[scooter] ok

[scooter] big daddy

[scooter] fire away

[scooter] LOL

[navyguy1988] :) dang tid bits!

[HuntTech] OK... here goes... :)  

[scooter] LOL

[Scooby Doo] drumroll ....

[scooter] hahahah

[scooter] LOL 

[kebab33] gm all

[HuntTech] So, in the banking world, if you were to want to get the money out of circ and convert folks to electronic banking, wouldn't you (as a banking head) want to take the leap and if the market trades

it down, so be it? Once you do the rv, the market starts control of the currency anyhow... so start high, right?

[scooter] gm

[TXDinarDreamer] Opening low save them up front but does it not create long term trust issue later on in a second RV and the average citizen has already exchanged?

[scooter] great arguments on both sides

[scooter] so -- let's examine for a second

[toolkeeper] when it comes to govenments, common sense is in short supply

[scooter] the trickle down theory

[scooter] first because it's the easier one

[scooter] so they start at 3.22

[scooter] what's going to happen is two things

[scooter] massive volatility

[scooter] the currency will be stressed immensely becuase everybody is cashing out -- at least the private citizens

[scooter] don't worrry about us

[scooter] we are very very small

[scooter] now

[scooter] while this is going on

[scooter] the big boys come into the game

[scooter] massive capital will inflow into the country

[scooter] they will purchase dinar, open acconts

[scooter] accounts, bring in the major banks into the countyr

[scooter] huge funding agents

[scooter] now

[scooter] what you'll see

[scooter] is an immediate retracement of the value of the currency

[scooter] but

[scooter] it will be short lived --- 6 -12 months

[scooter] somewhere around 28%

[scooter] typical FIBO retracement

[scooter] so -- they get the large notes back

[scooter] and quickly ---

[scooter] remember -- the 90 % that were in country?

[scooter] alot of those are in bank accounts as well with companies

[scooter] and so on

[scooter] so they won't be exchanging all those notes

[scooter] but the currency will be volatile for 60 days -- up and down like a yo you

[scooter] yo

[scooter] now

[scooter] The other side of the coin

[scooter] that method is expensive

[scooter] but quick

[scooter] the other option is the two RV's and Cruise to the trading range for GCC acceptance

[scooter] that's the end goals when the currency goes live

[scooter] so the start lower at 1.25 - 1. 60

[scooter] everybody in country is still cashing out

[scooter] and opening checking acccounts -- alot of the international body will too

[scooter] sa 50% to 60%

[scooter] they pay out at a much lower price

[scooter] but extend the cash in time

[scooter] they pay out at a much lower price

[scooter] but extend the cash in time

[scooter] they put a banded 2.5% daily limit

[scooter] on the movement of the currency

[scooter] and 6 months later

[scooter] Wham!

[scooter] they RV back up to the 3.2

[scooter] takes a bit longer but the ride is much smoother

[RVDinar4MyFamily] and this all starts tomorrow right Scooter

[scooter] here's the tricky part

[scooter] holding that banded 2.5% limit

[Scooby Doo] RVDinar4MyFamily LOL

[scooter] particularly with the BIG Boys coming into the market

[scooter] ok

[scooter] now I'm going to be

[scooter] bed

[scooter] LOL

[navyguy1988] Scooter so scooter...if it double RV's.......what will you do? cash out on the first? or wit for the second?

[Scooby Doo] thx Scooter

[scooter] did that answer your question

[RVDinar4MyFamily] Scooter ty, gn

[scooter] big guy

[navyguy1988] wait*

[HuntTech] :) Thank you! Yes... and now...

[navyguy1988]  sorry :-/

[scooter] LOL

[frankc] Scooter A big RV thank you

[navyguy1988] but yeah thanks scooter

[HuntTech] levying a tariff makes sense in the latter scenario. Thank you for the very thorough explanation!

[scooter] It's the only time I have a chance to make a semi thorough, uninterupted comment

[RVDinar4MyFamily] Scooter you the man...no matter what Scooby Doo says about ya

[scooter] LOL

[scooter] LOL

[scooter] LOL

[HuntTech] I am humbled by your very effective answer that is obviously well researched!

[scooter] GN all

[scooter] see you tomoroow

[HuntTech] gn, scooter!

[Scooby Doo] RVDinar4MyFamily hush ..... don't want people to know I dissed Scooter

[vegasman56] Scooter next time we'll try to interrupt you more

[frankc] Scooter GN cyu

[RVDinar4MyFamily] Scooby Doo :( sorry

[scooter] vegasman56 LOL

[HuntTech] sleep well, buddy!

[scooter] Scooby Doo I already know

[scooter] LOL

[scooter] LOL

[scooter] poof

[vegasman56] Scooter now can I go to bed

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I was shocked to see that Scooter said he was moving on. That he is tired of this thing and is going forward with his business.

I'M RIGHT BEHIND HIM. TIRED AND MOVING ON.. I'VE BEEN IN THIS INVESTMENT FOR 7 YEARS NOW AND IT HAS TAKEN ITS TOLL ON ME PHYSICALLY. I'M NOT WORRIED ABOUT THIS INVESTMENT ANY LONGER. IF IT RV'S FINE IF NOT FINE. I'M GETTING OFF OF THIS FREAKING ROLLER COASTER RIDE. I'M OUT OF HERE

Edited by mrref
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I'M RIGHT BEHIND HIM. TIRED AND MOVING ON.. I'VE BEEN IN THIS INVESTMENT FOR 7 YEARS NOW AND IT HAS TAKEN ITS TOLL ON ME PHYSICALLY. I'M NOT WORRIED ABOUT THIS INVESTMENT ANY LONGER. IF IT RV'S FINE IF NOT FINE. I'M GETTING OFF OF THIS FREAKING ROLLER COASTER RIDE. I'M OUT OF HERE

Take care and I hope you find something in life that makes you smile.........................................................GO RV BABY!!!!!

I was shocked to see that Scooter said he was moving on. That he is tired of this thing and is going forward with his business.

I believe what Scooter meant(and if i'm wrong sorry Scooter) is that he has other things in his life(business & family) that require his attention. Like many of us our lives can not/should not solely depend on this investment. He also said he believes it will happen before end of year(no dates or rates). This is just my take on his conversation.......................................................................GO RV BABY!!!!!!!

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Take care and I hope you find something in life that makes you smile.........................................................GO RV BABY!!!!!

I believe what Scooter meant(and if i'm wrong sorry Scooter) is that he has other things in his life(business & family) that require his attention. Like many of us our lives can not/should not solely depend on this investment. He also said he believes it will happen before end of year(no dates or rates). This is just my take on his conversation.......................................................................GO RV BABY!!!!!!!

caz1104 You read my mind regarding both of those comments!

I always appreciate reading a Scooter chat - thanks for posting (and highlighting) and thank you Scooter!

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Huntech.....thanks, great job of posting Scooter's chat.

Scooter, I still have a question about the amount of dollars involved in the payout. You indicate there is about $4T outstanding after reserves, etc. $13T minum $11T. If it RV's at a dollar that is $4T Iraq has to pay out. Where is the money coming from? Will the monetized oil/gas allow them to support this kind of payout? Thanks Appreciate all you do for us.

Sorry, math error. $11T from $13T is $2T. Personally I think $2T is on the low side. Still a large amount of cash for Iraq to pay out on an RV. Thank you Scooter.

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