Scooter, dd chat 5/25 evening

[RVDinar4MyFamily]

Scooter: Thank you tenmillion

tenmillion: yw scooter

Scooter: Good Evening Everyone,

Scooter: I hope all is well for everyone tonight and I’m honored to be here with you!!

Scooter: Tonight we have a full agenda and lots of topics to discuss. So what I would like to do is go through some of those items, discuss them and provide my thoughts, and then open the room up for questions.

Scooter: So let’s get started with the topics and jump right into the game.

Scooter: First, I will list the topics out with links

Scooter: 1. The Latest Withdrawal Agreement and its importance

Scooter: http://translate.google.com/translate?hl=en&prev=/search?q=nahrain&hl=en&client=firefox-a&hs=bh9&rls=org.mozilla:en-US:official&rurl=translate.google.com&sl=ar&u=http://www.alsabaah.com/ArticleShow.aspx?ID=7865

Scooter: 2. Recent 3 day meeting in Iraq with the UN -- UN Statement from Melkert

http://alsumarianews.com/ar/3/22182/news-details-Iraq business news.html

Scooter: 3. The DFI Fund

Scooter: Transfer of DFI from UN to US Treasury -- http://i1217.photobucket.com/albums/dd394/ScooterResearch/DFI Fund/DFI2011Audit.png

Scooter: Parliament Meeting minutes from May 10th -- http://i1217.photobucket.com/albums/dd394/ScooterResearch/THE TRIFECTA THEORY/26PART9-5--PARLIAMENTMINUTESMAY102011V2-0.png

Scooter: The Recent DFI Audit (compliments of “Broke Iron Worker B.I.W.)

http://i1217.photobucket.com/albums/dd394/ScooterResearch/DFI Fund/DFI2011Audit.png

Scooter: Thanks again Broke (B.I.W.)-- You sooooo Totally Rock!!

Scooter: 4. Reboot of Two Government banks – Rasheed and Rafadain

http://s894.photobucket.com/albums/ac145/Becca_Scholarship/THE TRIFECTA THEORY/?action=view&current=3SCHEDULESCombinedWBimfparisV1.png

Scooter: Now, those are just some topics but when I'm finished, we can open up for questions...

Scooter: So let’s start with number one:

Scooter: 1. The Latest Withdrawal Agreement and its importance.

Scooter: To me, this was the most compelling pieces of news, particularly since the security briefing book was officially given to the Iraqi’s from the Americans and it defines the rules of engagement from this point forward. The agreement sets the expectations for the Iraqi’s and it defines holds their feet to the fire if they get out of line or stray away from a democratic rule. Here’s some excerpts:

Scooter: Article Twenty-fourth .. withdrawal of U.S. troops from Iraq: recognition of the performance of Iraqi security forces and increase their capacity, and assuming full responsibility for security and building a strong relationship between the parties, it was agreed as follows:

Scooter: To all United States forces to withdraw from all lands and waters and airspace of Iraq no later than December 31 2011.

Scooter: _ The United States recognizes the sovereign right of the Government of Iraq to request the departure of U.S. forces from Iraq at any time, and the Government of Iraq recognizes the sovereign right of the United States to withdraw U.S. forces from Iraq at any time.

Scooter: _ Parties agree to establish mechanisms and arrangements to reduce the number of U.S. forces during specific periods of time, and they must agree on the locations where these troops will stabilize.

Scooter: Ahhhhhhhhhh. The US Military complex at its best – It was just announced that we will have nine bases in Iraq. Does anybody really think we are going to leave Iraq permanently? Hmmmm. Should be interesting to witness. Here’s the link: http://www.almustakbalpaper.net/ArticleShow.aspx?ID=1519

Scooter: There is a reason for reviewing this -- I promise !!!

Scooter: Article Twenty-seventh .. deter security risks: In order to enhance security and stability in Iraq and to contribute in establishing peace and stability, both parties seek actively to promote the political and military capabilities of the Republic of Iraq and to enable Iraq to deter threats against its sovereignty, political independence and territorial integrity and its democratic federal constitutional . And agree in this regard:

Scooter: _ In the event of any external or internal threat against Iraq, or the occurrence of aggression upon it, would violate the sovereignty or political independence or territorial integrity, waters or airspace, or the threat of its democratic system or its elected institutions, and at the request of the Government of Iraq, the Parties shall, to initiate immediately in the deliberations of the strategy, and as may be mutually agreed between them, the United States take appropriate measures, which include diplomatic measures, economic or military or any other action to deter such a threat.

Scooter: With the largest Embassy in the world located in Baghdad and Iran next door, I have a feeling we will be there for quite a while!!!

Scooter: Finally, the best part:

Scooter: Article XXV

Scooter: Includes measures to end the application of Chapter VII on Iraq.

Scooter: Remember, this was just signed this last weekend

Scooter: I hope everybody understands this one because essentially this is a signed agreement between the two countries and part of the deal is that Chpt. 7 ends upon the execution of this contract.

Scooter: The whole purpose of this document is a leverage tool for the United States that if Iraq doesn’t play by the rules, we can go back to the UN and force the issue – let’s hope we don’t have to do that again but I think you get the picture.

Scooter: In sum, it’s a very important document and it puts us one step closer to our elusive RV!!! Much much closer!!!

Scooter: Ok – Item number two:

Scooter: Recent 3 day meeting in Iraq with the UN

Scooter: United Nations calls on the Iraqi government to carry out economic reforms and the elimination of unemployment – 5-24-2011

Scooter: I love this one because it’s got RV written all over it!! Here’s some excerpts:

Scooter: Called Representative of the Secretary General of the United Nations in Iraq ed Mleckert, Tuesday, the Iraqi government To carry out economic reforms and the elimination of unemployment and achieving social justice through The application of the principle of equal opportunities, stressing that the building of the future good of Iraq requires a good economy And a free market.

Scooter: It gets better ...

Scooter: Said Ed Melckert in a speech during the Conference of the economic partnership, social and governmental Iraqi parliament building, which was held today, attended by "Alsumaria News", "There are things necessary to carry out reforms in the economy the most important provision of social security For workers and to achieve social justice through the application of the principle of equal opportunities, "expected "The outcome of good comes out of the Conference of the Iraqi economy up to the stage of prosperity after Achieve the required economic reforms."

Scooter: Hmmmmm. Maybe they should start with the foundation of their economy called the Iraqi Dinar!! Perhaps this means they might be make the currency recognizable internationally. I’m not sure, but I think that’s what they might be saying…

Scooter: Here’s another Melkert statement:

Scooter: The Melckert "The conference will discuss how to improve the situation of workers in Iraq, and an end to unemployment And the entry of Iraq into the global market to be an actor in the international economy ", Indicating that the conference will "discuss how to rebuild the workers to their true role in Department of Machines for the advancement of the Iraqi economy

Scooter: “the entry of Iraq into the global market to be an actor in the international economy” --- love it, love it, love it!!!

Scooter: I think we are getting closer ....

Scooter: Ok – third item – The DFI

Scooter: The transfer of DFI from UN to US Treasury.

Scooter: The official date is June 30th, but honestly this shouldn’t derail the RV from happening sooner.

Scooter: Here’s the reason:

Scooter: It doesn’t matter how much the value is worth pre or post RV because it’s an electronic transmission from one account owned by the UN to another account owned by the US. It’s my understanding there will be five trust accounts. One for Kuwait, one for DFI, one for Paris club, and the other two are unidentified.

Scooter: Here’s an additional reason this is important: On May 10th, 2011, the Iraqi Parliament voted on a very important measure: SURVIVE OR BE ECONOMICALLY DESTROYED INSTANTLY!

Scooter: Guess which one they chose:

Scooter: Essentially, Minister of Foreign Affairs, Zebari, told the Parliament, with Shabibi and the Minister of Finance by his side that if we didn’t take the deal from the Americans, our money would be wide open without any protection measures whatsoever! The amount from the US courts alone amount to over $100,073,000,000.

Scooter: As a result, what we witnessed when the President signed the extension of EO 13303 was the agreement with the Iraqi’s – this is good!! This is very very good! Hence, we saw the immediate Withdrawal Agreement the following Sunday.

Scooter: The President indicated he would re-visit on June 30th. Why? Because that’s when the monies get transferred over from the UN control and protection to the United States Treasury!!

Scooter: Essentially, we have supreme leverage against the Iraqi’s because we not only protect their funds but we have ultimate control over all their funds, To summarize, we can control much of their future direction to become a successful demoncracy in the middle east.

Scooter: Oh yea, did I mention were getting nine bases out of the deal. I’m certain, that made the Military complex very happy……

Scooter: Now, with that said, let’s take a look at the recent DFI Audit – We can thank our very own B.I.W for bringing this one forward as it’s incredible data!!! Thank you B.I.W.!!

Scooter: There two items that we need to realize in this audit.

Scooter: One, the Iraqi’s have been saving their dimes and nickels because they all the sudden show they’ve accumulated over $89 Billion in U.S. treasuries – This is a pretty good savings rate, particularly since the fund has only accumulated $250 Billion since its inception.

Scooter: On top of that, the proceeds at maturation exceeds another $84 Billion USD --- Not Bad!!! Not bad at all!!! Over $173 Billion saved up – I wonder why they did that????

Scooter: I’ll have to pontificate for a while and get back with you!!!

Scooter: Ok – last item – the reboot and Re-Capitalization of the two Government Banks

Scooter: Please remember, these two banks only do 90% of all the transactions in the country. This project has been going on since April of 2009 and has been managed by the World Bank. It was originally scheduled for completion June 30, 2010.

Scooter: However, there were several problems:

Scooter: One, the terrorist attacks on the CBI knocked out one the main transactional hubs and they needed to replace that unit. There’s 32 locations around Iraq with the these systems but the CBI was one of the three main hubs.

Scooter: OK – no problem, just replace it and link up with the Oracle database and it should be done right!! Not exactly. First the government’s archaic rules for outside contractors never permitted for short term contracts and they couldn’t find contractors to take the work.

Scooter: The second reason for the delay was the fact that the Auditors (Ernst and Young) couldn’t track three accounts and who the owner was of those accounts. It took them a full year to determine which government agency owned those accounts.

Scooter: As a result, both of those obstacles have now been solved and the reboot of those two banks can now occur. Essentially, they get new balance sheets, all Suspence accounts removed, and each bank will be recapitalized to the appropriate levels via the IMF.

Scooter: The real question has been will they be recapitalized at the old rate or the new one? My vote is the new one!!

Scooter: This is scheduled to occur on June 30, 2011!! Date ringing a bell to anybody?

Scooter: Ok, I have time for a few questions but then I need to “SCOOT” as I have parents coming to town and I need to mentally prepare for my mother!!

Scooter: Just kidding – I love my mother…

cps: tell me about the letter of intent and where did you find it

Scooter: The letter of intent or the Withdrawal agreement can be found http://translate.google.com/translate?hl=en&prev=/search?q=nahrain&hl=en&client=firefox-a&hs=bh9&rls=org.mozilla:en-US:official&rurl=translate.google.com&sl=ar&u=http://www.alsabaah.com/ArticleShow.aspx?ID=7865

Danielle904: Hey Scooter its great to have you here, IYO are we closer than ever to an RV and do you think we look good for June

Scooter: I do -- I think we have never been closer and things are looking exceptional!!!

raghead1: Is the agreement signed ( you mentioned it was signed last weekend) that essentially HAS ended the Chapter VII

Scooter: The agreement was posted in the iraqi newspaper -- essentially that means the iraqi's have signed off -- in fact, it states both sides have agreement and it's an executed contract -- http://translate.google.com/translate?hl=en&prev=/search?q=nahrain&hl=en&client=firefox-a&hs=bh9&rls=org.mozilla:en-US:official&rurl=translate.google.com&sl=ar&u=http://www.alsabaah.com/ArticleShow.aspx?ID=7865

dreamzmadeforever: would you say best estimate at the rate will be between .86 and 1.17? or higher?

Scooter: Honestly -- the docs say they should open at that rate -- with that said, they had three plans which included a low ceiling, mid level, and a high. Any one of those plans could be deployed

Danielle904: Thanks too, u've made me believe again this is really going to happen.

Scooter: Well, Thank you very much for the comment -- much appreciated

platelunch: Why are they likely to RV before DFI expires? Does it matter? If deals have been worked out beforehand, the payouts could take many years. Why is there such a focus on that as a timeline for an RV?

Scooter: Great question --- here's why it doesn't matter! Because all they are doing is moving funds from one protected account under the UN to another one under the protection of the US treasury

bobbysac: do you think that $1.75 to $1.95 still is a sweet spot

Scooter: I've always liked that spot -- it allows them to glide into the 3 range in time for GCC deployment in 2015

kwekubruni: Scooter. If I get the picture right....there are MANY important things for the future of Iraq that MUST happen on June 30. These things can't happen or at least don't make sense without an RV. So, the RV almost HAS to happen on or before June 30 or all these plans unravel and Iraq goes back to the stone ages. Am I right?

Scooter: WOW -- You have no idea how much I want to say YES YES YES ---- you are correct!!! however, I'm not ruling anything out with this investment

paulmc: How much time does the CBI/GOI need, really, in order to be in proper RV order, prior to June 30?

Scooter: The CBI should be in order right now -- they have full transparency and when the DFI is fully transferred -- they should have quite enough funds dropping back into their reserves

xevious: What do you think will happen to the price of gold after the RV?

Scooter: That is an interesting question!!! Largely because I think this move is a global move, particularly in Eastern Asia currencies ---- If you were to ask me that 30 days ago, I would have said stay in Gold. The reality is that the US debt is not going away and if we lose the Petro Dollar -- Gold would be a phenomenal play still

dreamzmadeforever: is there any truth to bank screens going green? what do you know about this?

Scooter: I haven't the foggiest idea what this is about -- I wish I could tell you but I'm not a banker or a regional director, I'm just a simple FOREX guy .... Sorry about that.....

Scooter: Ok Folks, I know this was short and sweet -- but like I said my mother scares me more than you !!!! So I am going to ask Tenmillion to copy the chat and say goodnight

[zaborniake]

Scooter is the man.

Scooter is the man. I hope to see his final TT post soon.

[PPG]

HEY SCOOTER THANKS SO MUCH FOR THIS I REALLY NEDED IT LOL

NOW THIS IS SOMETHING I CAN BELIEVE IN :D

AND THANK YOU RVD MY FRIEND I MISS SEEING U AROUND

PPG

Edited May 26, 2011 by PPG

[chilli24]

Now that was a feel good post. Thanks Scooter!

[mordiaky]

I want to see scooters Post RV TT and hope its soon.....

Great Job Scooter, like always you keep it real and to the facts...

scooters way of thinking, 2+2=4 but some times iraq does not see it that way......

[powerpager]

Good News Scooter !!!

[WorkerBee]

Can't get enough ofScooter's posts but I quit watching Steven Tyler sing on American Idol to read it, and he was singing Dream On! I must be getting old. I'm so confused. Bash away for the silliness

[wingsofhope]

Finally, a man that has some fact based common sense. Thanks Scooter

[kayaman]

Thank you - Scooter for sharing your insight and knowledge. This opportunity does not come often, I hope will get off this ride soon

.

God bless,

Kayaman

[TonyDownTheShore]

This is music to my ears, sounds like our journey is finally coming to the end, and a new one begins after the rv, think about it, we're almost there!!!

Thanks Scooter

[MrDarkCloud]

Thanks Scooter! Everyday we are getting closer

[Kanga]

Fantastic

Thank-you Scooter

Great chat!

[speculatorsRIDE]

Did I read this right? We have confirmation that Ch7 is complete?

[Mountain man]

This is one of the best post ever. Thank you for such diligence.

[Garfield]

Thanks Scooter, I always appreciate your analysis of current events in the world of the dinar! You brinf me back to thinking that this really has a possibility of happening. Some days I really wonder what are these people waiting on? Have a great visiting with your visting family.

[lgraham]

Thanks RVDinar4myfamily for this terrific post from Scooter (+)............Scooter you are awesome my friend! I just submitted your name to the IMF for the recently vacant position at the top! Perfect for you!

All the best,

Lgraham

[Darin]

Scooter is 1 guy I would love to meet post-RV.

This guy has done his research.... And I love how he takes the time to break everything down for us to understand in layman's terms.

I remember, as I started to learn more & more about the investment, I always felt June was the month to keep an eye on. Don't get me wrong, I always wanted it sooner, but I always felt that June was a target month and if we went into July I would start losing faith and thing the only viable options were long-term returns.

We're approaching June, so, our window is closing.

[Spiff]

Thanks for the post. You are AWESOME Scooter!!!!

[Bobbydee]

Scooter you are a Godsend of positive information. Thank you for this rock solid post Rvd4. Big time + God Bless Semper Fi

[BobFCP]

Great post Scooter, thanks for all you do to help us out. Have fun with you folks.

[Solarcloud]

Looks like my girlfriend and I will have our daughters college fund faster than we could ever expect. Minimum wage is a *****!

[siberian_shaddow]

Wow you do your home work very well i really enjoy reading it, Your a great guy to talk to always polite and honest i have always had alot of respect for you, keep up the good work Scooter. Thanks

[hoopdog]

Very good information from Scooter and much appreciated for his time. However as is mentioned in his post, there are several things that need to be done and I'm sure he hasn't covered everything. At the rate in which Iraq moves and has been moving, this is simply too much to accomplish by the end of June. Certainly they will keep moving forward and of course everyday is a day closer, so that doesn't mean much. I just can't get on board with the end of June. I don't have the information that many have on this site and I certainly don't have any intel, but I do have common sense and I know that an RV for a country like Iraq is going to take time due to the situation that it finds itself in. They have come along way, but when you are at the very bottom of the barrel, it takes time to surface. For many of you, I'm sure you have put in more than your share of time with this venture, but time is all we have and I'm afraid we are going to need more of it. This would be a great time for me to be wrong again, but I just don't see it this time around. Iraq will have a tradeable currency in it's future, but I truly believe, that future is much further down the road.

[Tubbs]

Thank you for your time and research

You ROCK

Go R V

[juan martinez]

Really like the fact based analysis approach. Lays it all out real well.