linny0830

Thank you for the brief version.

Thank you very exciting chat!!!!

thank you Ron

Thank you for the post

Thank you very much for capturing this chat and posting.

Thank you for the exciting radio chat!!!!

Sorry but I was wondering the same thing hummm

Bond Lady, Thank you!!! I really hope this is true and it fist all the time frames that Sonny1 and the other dead line stuff as well. Gooooo RV!!!!

People Are just uptight right now for some reason, I gave you a plus!!!

I loved this joke lol

You know, seriously I just wish this would RV. It kills me to see all of these adults fighting. I too love Scooter and the others as much as the next person. I just come here to find out info. There has always been a cliche however you spell it in the chatroom. I come in say hello and seriously rarely ever get a response, so I stopped trying to fit in??? But really, it doesn't matter, I am here strickley for Dinar info. What ever site you chose or sites in my case, I just want the bottom line is an RV!!!!! Linny

I really hope this is true!!!!

My sincere prayers are going out to you. Linny

B

Let's all book a plane together, I am on board for sure if needed.

You are very right here and ignoring is the best option here.

Agree on the Chuck person, when one keeps on responding, it keeps the person coming back, this is what they want. I have had many years of customer service experience. I have been trained to listen to the person if they are yelling, arguing, or what ever their situation is and not to respond with fusing, yelling or contributing to the matter, rather come in with a solution. Eventually, the person will calm down and get to the real matter of the issue. In this case, he has posted his remarks and now its time to move on. If you continue to respond to his remarks, he will continue to poke and continue to tear down this site. I say let him talk and don't respond. Eventually he will get tired of talking to himself and go away. Peace to all and Happy Father's Day all. Linny

Bondlady, Thank you for your insite and also breaking down the articles as you do in many of the post I have read from you. I appreciate you and the time and the sincere and truthful post. Linny

Scooter, I am so very sorry you are leaving. I always look for your stuff and trust very very few people in the Dinar world. I really come to look either for your post, sonny1, or adams stuff, other than these folks, I see NO VALUE. Scooter the old saying is " One bad apple spoils the whole bunch, in this case many bad apples spoiled the entire orchard lol" I respect your decision and will hope you might stop in every now and then. Sincerely will miss you, Linny

SOOOOOOO true!!!!

I agree Darin with how amazing Scooter is. I admire all here that takes their time to put all of this together so It helps me to explain the investment and understand what I have. Thank you Scooter!!! and many others as well. Linny

* Scooter Chat: DDC 6/15/11 JUNE 15TH, 2011 08:41 PM · Scooter: Good evening folks, Scooter: I hope all is well and thank you for being here tonight! Scooter: As we did two weeks ago, I am going to lay out some topics and links and then discuss several points related to that topic. At the end, I will take some questions and hand the ball over to my good friend Brietling to answer —- LOL LOL – Scooter: Brietling — really — I am Scooter: kidding that is Scooter: ok ok — Here we go Scooter: It’s a very exciting time for our investment and tonight I would like to explain some of the reasons. Scooter: Also, when going through this, please remember the pace and occurrence of good news regarding Iraq and the economy nine months ago versus what’s happening right now. Scooter: With that said, let’s get started with tonight’s topics – there’s only two! Scooter: But the second one is in many tiny pieces – LOL LOL Scooter: So, Scooter: 1. 2011 Budget – Table of Increases VS. 2010 Table of Increases Scooter: Here’s the link to the photobucket of images LINK Scooter: 2. Calendar of Events until July 1, 2011 Scooter: So onto to the 2011 Table of Increases Scooter: Here’s the link LINK Scooter: Now, to begin, we need to understand the significance of these recently published spreadsheets Scooter: One, they hold the keys to all the cards — from 2006 Iraq has managed essentially two sets of books Scooter: sorry – manually typing this part Scooter: now these spreadsheets have all the details on a departmental level, ministerial level, and executive level Scooter: but what they show with the table of increases — is essentially the contours of the RV and how it will play out Scooter: when Iraq makes a budget — they have to pass it like a normal law Scooter: but they also have to show complete transparency Scooter: With that said, they need to disclose those budget numbers to the world otherwise, they will never get one dime from the international community Scooter: so with that said — since 2009 I have been following these books and tracking the increases Scooter: please remember — these are ratios based on budgetary increases — not a rate — there’s much more that goes into the rate Scooter: so, in 2009, iraq’s overall rate came in at 1.13 Scooter: In 2010 — we saw the use of the Bahraini Dinar rate for the operational expenses Scooter: moderate the nominal rate with the Bahraini Dinar rate and the budget came in and rated at 2.05 Scooter: This years numbers were a little different in that they went to a more nominal mode and didn’t release too many details Scooter: until now — they needed to hold this information back because if they released this back when they were supposed to in December 2010 Scooter: The speculators would have Illiquidated the country before the currency had a chance — well — maybe not that bad Scooter: but it would have been serious Scooter: so — 2011 — the emphasis was on the Investment portion of the budget Scooter: but when you review those images — you’ll see the ratios fluctuate between the bottom 1.16 Scooter: and some absurd out of whack number in the 90′s — as I said these are ratios to determine the end Scooter: Now the 90′s is exaggeration — but I think you get the picture. Scooter: what’s interesting about this budget is what they are doing with hard durable goods Scooter: The rates are in a narrow range between $3.39 to 3. 55 Scooter: Yet — we see Salaries at the normal 1.16 — 1.40 range Scooter: Overall — there were no surprises and the grand total rate ends up at $1.27 Scooter: We’ll have more analysis on that coming in the future Scooter: So, lets’s move onto the calendar of events — before I do that — remember 2010 came in at 2.05 and 2011 came in at 1.27 Scooter: the MEAN average for the two years comes out to $1.66 Scooter: And that doesn’t include the additional drainage funds — frozen assets — and the final numbers from the DFI Scooter: so the reserves could be very SWEET when this currency opens to the market Scooter: now to events Scooter: June 15th – DFI Accounts are supposed to have been moved from the UN Account in New York to the US Treasury in Washington D.C. Will not let me post link here Scooter: Remember — target end date is June 30th Scooter: June 16th — Final report is delivered to the UNSC Scooter: They need a couple of days to naw on that report — hahaha Scooter: June 17th – FOREX Transactional and Leverage Changes are to be in effect. Going from 200 – 400 to 1 leverage down to 20 to 1. Scooter: . Hmmmmmmm Scooter: This has bigger impact than most realize because it changes everything about how to trade on the FOREX. There will be fewer, but longer transactions IMO because the leverage will now be greatly reduced from 200 to 1 down to 20 to 1. Scooter: That should help control the volatility throughout the emerging markets from the businesses seeking quick, high yielding investments. Scooter: June 19th – Islamic Banks (Arab Monetary Fund) get digitally connected to Iraq Scooter: Here’s the link to the Arab Monetary Site — Scooter: Essentially, the Arab Monetary Fund is a Regional Arab Organisation, Founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen, Comoros. Scooter: Do any of those countries look familiar — wonder who’s controlling the buttons — or at least some of them Scooter: They will all be sharing the same transactional system but Iraq will now be participating Scooter: June 22nd – United Nations Security Council Meet regarding Iraq Scooter: Wednesday, June 22, 2011 ~ Security Council will discuss the pending issues between Kuwait and Iraq, mainly the missing persons and stolen property. Will not let me post the link here Scooter: If all goes well, should be the rubber stamp!!! It needs to because time is running out on the US Debt limit…… The Drama thickens and everything is going down to the wire…. Scooter: June 30th – Banking “Re-Boot” – or before the 30th — which is what I suspect…. Scooter: There’s a reason I bring this to chat tonight in such detail Scooter: First — I want you to read some paragraphs from IMF CR 10/72 — this is a country report for 2010 Scooter: Here’s what the program looked like in early 2010 – IMF CR 10/72 March 2010 will not let me post link here Scooter: The banking sector is in urgent need of reform to foster financial intermediation and enable banks to contribute to the development of a strong private sector. With the help of the World Bank and other international agencies, we have developed a banking sector reform strategy. Scooter: The first important step will be to finalize the restructuring of Rafidain and Rasheed banks, based on their completed financial and operational audits. In this regard, the foreign liabilities incurred by Rafidain and Rasheed on behalf of the previous regime and the large suspense accounts will need be removed from these banks’ balance sheets. We aim to Scooter: complete the restructuring of the balance sheets of Rafidain and Rasheed by June 30, 2010. Scooter: Once their balance sheets are cleaned up and restructured, based on the decision already made by the Economic Committee, the capital of Rafidain and Rasheed will be raised to ID500 billion and ID400 billion, respectively. Scooter: Those numbers have now changed to 1.5 Billion ID and 1.1 Billion ID Scooter: these boys from Babylon really messed those books up —– !!! Do you think there was some corruption going on?????????? Scooter: here’s more Scooter: We are also strengthening their internal audit capacity, developing legal arrangements within the banks, and working towards providing missing data identified in the audit reports. The BSA has also completed the financial and operational audits for the three specialized state-owned banks and has proposed an individual strategy for each bank that was discussed by the Restructuring Oversight Committee (ROC). Scooter: The three banks have set up a restructuring committee which includes BSA members to implement the recommendations from the proposed strategy. Scooter: 35. The authorities adopted a banking sector reform program in early 2009. This program was developed with the support of the World Bank, in coordination with other providers of technical assistance, including the Fund. A key element of the reform program is the operational and financial restructuring of the two largest banks, Rafidain and Rasheed Scooter: (MEFP ¶22). Operational and financial audits of these two banks were completed by an independent auditor in 2008. Their operational restructuring envisages a new organizational structure, including the establishment of business units (retail, corporate and investment banking); risk management units; and governance, control and support units. Scooter: The financial restructuring will first involve cleaning up the banks’ balance sheets and removing the legacy of bad debts and suspense accounts and working out the fiscal implications. During a second phase, the banks’ capital will be brought up to the required levels. Scooter: Now, I bring this data into play because there’s been some that came with a strong argument that this action could not be related to the RV Scooter: Hence, Scooter: Present day — and please don’t get me wrong — that was a GREAT POST!!! Scooter: but — when you look at the CBI Audit by Ernst and Young — They used the word ReValue three times — big no no Scooter: and one of the locations was in reference to the Government Bank Re-Boots Scooter: now — let’s take a look at 2011 CR 10/73 Scooter: Here’s some verbage from the latest report 10/73 — 2011 Scooter: 12. Financial intermediation is at a very low level in Iraq. A functioning banking sector is essential for the development of a strong private sector. We have begun to embark on our banking sector reform strategy: Scooter: A critical step will be to complete the financial restructuring of the two largest state owned banks, Rafidain and Rasheed, based on their completed financial and operational audits. Scooter: OK — that’s cool — they’ve done the audits… Scooter: In this regard, we formed a Bank Reconciliation Unit that comprises technical level staff from the banks, the CBI and the Ministry of Finance, and with the assistance of Ernst and Young (who were the agents of the Ministry of Finance in the external debt restructuring process) to: Scooter: (i) deal with all legacy external Liabilities taking into account the government’s actions in the context of Iraq’s external debt restructuring Scooter: First — please make note — when you change a Balance Sheet — Equity, Liabilities, and Assets change Scooter: Essentially — when this occurs — the whole bank — or in this case the two government banks — get organically Revalued Scooter: now — take the capitial infusion — on top of the debt restructuring — which was billions — and you have a completely, brand new bank !!!! Scooter: Now, to let you all know, this was originally slated for June 30, 2010 — However they couldn’t track down two suspense accounts and the Terrorist attack on the cbi knocked out one of the three major transactional hubs. chicosan: Scooter — what is the significance of the various rates – how do those numbers show us anything about the potential for the IQD? Scooter: ok — if you have a nominal rate of 1170 — and you maintain those books at that rate — and then you look at the REAL or REER Equilibrium rate — there’s going to be a decrease or increase based on consumer pricing, inflation, etc…. — if you have a crawling peg like they do now — they’ll never be able to determine Inflation or when the curency gets stronger Scooter: one last thing — they needed to save for this RV — since 2006 — they’ve been paying out the 16 – 17 regions at the REAL rate …. chicosan: rate… ratio… how do these numbers relate to RV potential? Scooter: Chico — if their CPI –Consumer Price Index was just modified based on the REAL Equilibrium RATE —- they would never be able to buy a loaf of bread staying at the nominal rate Scooter: and — they changed that CPI back in March 2010 — Scooter: so prices for food, gas, homes, everything is going to be based on the true rate — Scooter: now if they are spending their budget at the REAL rate — and the consumers are spending at the REAL rate — What absolultely needs to occur to the currency? Scooter: Yep — they need to bring the basis of goods and services in line with the PPP — purchasing power …. lightworker: does the re-boot involve all the banks globally or just the Iraqi banks? Scooter: No. Just the two gov. banks that do 80% approx. of all the banking dreamzmadeforever: so based on all that info. you posted, isnt it kind of obvious they are set to RV very soon? Scooter: I sure hope so — otherwise I need to be in the little padded room with no windows — yes indeed! danielcat: Do you think that Warka Bank will still be a safe place to invest in post RV Scooter: I’m not a professional Financial advisor — so I can’t make too many recommendations or provide advice — but I sure feel more comfortable with Citibank beside them Scooter: ooops — who says that it isn’t already completed cps: scooter you are just amazing in how you research things. thank you. IYO are good for june 30th Scooter: I love June — but I’ve also told myself to wait until July 10th because July 11th is the first Paris club payment — danielcat: Do you think the two major banks merger will take place before the 30th? Scooter: I do — They have been under the Banking Sector Reform since April 2009 Scooter: Ok — last one — then I need to get home … bubbie: can they wait till 2012 or later to rv! Scooter: bubbie my friend — good to see you …. Scooter: they could wait until 2012 — however — I would think with the backlog of investment opps and the forward derivatives which occured — that wouldn’t be the case Scooter: In reality my friend — anything can occur Scooter: ok folks — I very much appreciate the time — and I hope it was worthwhile – Scooter: I hope you have a great evening and I am heading out of the office — Good Night all tenmillion: Thank you Scoote

this is already posted

I tried to post linkl and told me I could post an web address so had to take it out to get it to post. I have posted links before and would take it. thank you

* Zebari informs UNSC of post DFI arrangements, including compensation money JUNE 14TH, 2011 05:54 PM · POSTED IN NEWS (IRAQ & WORLD CURRENCY) UNITED NATIONS, June 14 (KUNA) — Iraqi Foreign Minister Hoshyar Zebari informed the Security Council that his Government has taken the necessary arrangements for the post Development Fund for Iraq (DFI), whose UN supervision ends later this month, including for the five percent of oil sales to be deposited in the Compensation Fund. Zebari annexed to a letter to Council President, Gabon, circulated on Tuesday, a report containing measures and decisions Baghdad took towards a “full and effective” transition to a post-Development Fund mechanism that will enable Iraq to fulfill its obligations under relevant Council resolutions. The Council decided last December in resolution 1956 to terminate, on June 30 2011, the arrangements for depositing into the DFI proceeds from Iraqi oil and natural gas sales, and called on Baghdad to finalize the “full and effective” transition to a post DFI mechanism, including external auditing arrangements, and continue to pay the five percent to the victims of the Iraqi invasion of Kuwait in 1990. “We should like to inform the Security Council that the Government of Iraq has completed the arrangements that will ensure full and effective transition to such a mechanism,” Zebari wrote in his letter to Council President. Those measures, he indicated, include arrangements for the external auditing of accounts; deduction of the five percent compensation percentage “or any other lesser percentage;” and settlement of the foreign debts of Iraq. He explained that in replacement of the DFI account, a new account will be opened in the name of the Government of Iraq, to be held by the Central Bank of Iraq at the US Federal Reserve Bank, and transfer will be made to that new account of all the financial assets currently held in the DFI and any other Iraqi Government assets. Concerning proceeds from export sales of oil and natural gas, he said the UN Secretariat “will be consulted with a view to finding a transparent mechanism to ensure that five per cent or any other lesser percentage is deducted and deposited to the UN Compensation Fund”. This will also ensure that Iraq will be able to continue to meet its UN obligations, he said. As to the arrangements for the external auditing, Zibari said a request was made and proposals were received from four firms to audit the DFI successor account. They are Ernst Young; PricewaterhouseCoopers; KPMG; and Deloitte. Among other arrangements, he said, the Iraqi Committee of Financial Experts will replace the International Advisory and Monitoring Board (IAMB) starting July 1, 2011. He finally said that Iraq will continue its serious attempts to settle its foreign debts in accordance with the Paris Club agreement that was signed in November 2004. KUNA learned that Iraq will send a delegation later this month to discuss with the UN Secretariat this and other issues. In a related matter, it was announced here that Under-Secretary General for Political Affairs, Lynn Pascoe returned to New York today after a three-day visit to Iraq where he held discussions with senior Iraqi officials and leaders in Baghdad, Kirkuk and Erbil, as well as with the UN Mission for Iraq (UNAMI). A UN spokesman said that in his discussions, including with Prime Minister Nouri Al-Maliki, Pascoe emphasized the UN readiness and willingness to continue providing all necessary assistance to help build a “stable and prosperous democracy for all Iraqis”.