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Does anyone know what happened to Tbomb and Scooter? I miss their postings.
I ran into this again... it kinda restored my faith in the dinar. I only check in on things once in a while bc it had started to reduce the quality of my life. I guess I was always waiting for my new life to start when my existing life is not so bad! I will probably never sell my dinar so rereading Scooters opinion helps me continue the waiting game...whatever the results are. Go RV! http://****************.blogspot.com/2012/01/interview-with-scooter.html Thursday, January 5, 2012 An Interview with Scooter I was recently fortunate enough to be granted a couple of hours with one of the most prominent and prolific dinar researchers out there. He's been around for a couple of years and he goes by the name of Scooter. As he points out in the interview he has never been paid for his research and doesn't sell anything. He started sharing his research in an effort to combat the misinformation and "intel" that was misleading people about the dinar, often with disastrous results. Sam I Am: I appreciate you taking the time to chat with me today. Scooter: Oh, you're very welcome Scooter: thank you for having me Sam I Am: Can you tell the readers a bit about your background? Scooter: Sure. Scooter: I was Born in Southern California. Scooter: The family then moved to the great northwest at an early age. Scooter: Northeastern Washington is a beautiful place to grow up. It was a small town 80 miles north of Spokane in the northern rockies. Scooter: It was particularly interesting being the wild and crazy kid that I was and your father was the Varsity football, wrestling, and Golf coach. Scooter: After high school, I moved to Phoenix and Went to College Scooter: Got my four year degree in 2.5 years Scooter: I knew if I didn't go blasting right through Scooter: I would never get it -- they called me PRIMATE back then - don't ask... Scooter: Started my first professional position in software design Scooter: moved to Chicago and got recruited by a very large organization Scooter: to manage their software development teams throughout North America Scooter: It was at that time that I did two things that changed my life Scooter: One Scooter: Started playing the FOREX market Scooter: Two Scooter: became a partner in a small startup software company Scooter: The FOREX venture started out bad --- at least the first week Scooter: we'll get to that in just a second Scooter: but the software venture exploded worldwide Scooter: The package was sold in 90 countries and 13 languages Scooter: big hit! Sam I Am: impressive Scooter: We sold the business in 2001 but I was still playing FOREX. Scooter: again -- wait for that story because it gets good Scooter: Nevertheless, sold the software company and moved back to Phoenix Scooter: Chicago has incredible culture and people but the weather really stinks! Scooter: Now Scooter: back to the FOREX Scooter: I started FOREX in 2000 Scooter: maybe 2001 Scooter: anyhow, I went into the game and purchased Forex Made EZ. Essentially, the product was supposed to do it all and provide indicators as to when you buy and sell. Scooter: In essence, I didn't have to think. Scooter: So, as a result the first week, being the impatient man that I am Scooter: I got DRILLED !!! I lost about 10k that first week Sam I Am: ouch Scooter: My better half lynched me !!! Scooter: but I loved this market Scooter: it was like nothing I've ever experienced Scooter: As a result, I had to go to classes before I could ever start trading live again. Scooter: somewhat funny -- but I learned a very hard lesson that I still practice today Scooter: Essentially, Scooter: Never chase the market Scooter: always let the market come to you! Scooter: My instructor pretty much told me my problem wasn't that I made the wrong decision Scooter: it was more of a patience problem from being a MAN Scooter: haha Scooter: anyhow -- I loved this market and ever since i've been active on and off for the past decade Scooter: At this time, I currently live in Phoenix and just acquired another software company and it's on the precipice of exploding Scooter: so, I'm pretty excited Scooter: I purchased my first DiNAR in 2005 Scooter: and my last batch in 2006 Scooter: I was on a plane traveling from Phoenix to San Diego Scooter: and saw a full page spread in USA Today Scooter: and bought immediately after exiting the aircraft Scooter: I thought it would be a 8 - 10 year play Scooter: and thought it would open around $0.35 Scooter: WOW! Scooter: That was one long sentence Scooter: LOL Sam I Am: that's okay Sam I Am: How did you get started on the dinar forums? Scooter: Ahhhh Scooter: The forums --- Scooter: Let's see, I think I joined one of the major forums in late 2009 Scooter: I met a couple of folks and went to chat in hopes to learn a bit more about this investment. Scooter: At that time, I was hot and heavy in playing FOREX. I was glued to analsys and research to learn about what's happening in the marketspace Scooter: I mainly was playing the majors -- rarely the exotics Scooter: but I quickly found out that the leaders in these forums Scooter: were stating information that was completely inaccurate but I stayed quietly on the sidelines Sam I Am: What do you think about the information available on the forums? Scooter: Since that time, the information and research has improved 100% Scooter: but I still think the community suffers from some basic problems Scooter: One Scooter: too much of the information is based on "INTEL" Scooter: and not on factual data coming from the organizations that do this type of work everyday Scooter: Just my opinion Scooter: at that time in early 2010 Scooter: the information was being spewed out there and I knew for a fact that it was completely off base Scooter: and I also witnessed innocent people getting hurt Scooter: hurt badly too Scooter: They were overleveraging themselves to the point of losing their homes and looking at this investment as a lottery ticket Scooter: As a result, I engaged myself and started the massive reading binge Scooter: Started posting the information and the response was Scooter: well, it overwhelmed me and I was honored by everyone's appreciation Sam I Am: So Scooter research began as a way of keeping people grounded and getting them to go by factual information? Scooter: Haaah! Yes. Scooter: I suppose so Scooter: I started doing organized chats Scooter: at several sites Scooter: not the kind where I came in and chatted with friends Scooter: but a thought out written chat Scooter: at that point, Scooter Research was "Branded" and had it's own identity Sam I Am: I see Sam I Am: Let's talk a little about the investment Scooter: one second Scooter: one last item Sam I Am: okay Scooter: thanks Scooter: NEVER in this venture have I received any fiduciary rewards or money or anything. Scooter: I always felt if I did receive cash, my credibility would be severely diminished. Scooter: I now have a blog Scooter: and now get some minor $$$$ Scooter: from the ads -- but it's nominal at best Sam I Am: if it's like my blog it's very minor Scooter: I can buy my wife dinner a couple times a month Scooter: lol Scooter: Exactly Scooter: But I enjoy having it and it's my center where I post all my material Scooter: it's a hobby I guess Scooter: but Sam I Am: the URL? Scooter: oh Scooter: I'm allowed to do that Sam I Am: sure Scooter: http://emerginggeos.blogspot.com/ Scooter: Nevertheless, it's fun and I enjoy the research Scooter: it's just fun to me Scooter: I like the emerging market space and I think it's important today more than ever Scooter: particularly when we look at the current worldwide financial picture Scooter: I firmly believe that natural resources from sovereign nations Scooter: will be the next currency of the 21st century Scooter: at least, it will have a huge impact on the strength of the currency Scooter: so Scooter: I'm now researching over 42 Emerging Markets right now Scooter: learned a lot Sam I Am: I'm sure Sam I Am: now? Scooter: now, your question Sam I Am: What do you think the current money supply is in Iraq? Scooter: Haha Scooter: ok Scooter: Well, once again, I look at the facts Scooter: and I take that one step farther Scooter: for example, when the CBI post there bi weekly financial indicators Scooter: I like to verify this data with other organizations Scooter: Because data and statistics can be made to look many ways Scooter: depending on the audience Scooter: and in Iraq's case -- a double verification is always a good practice Scooter: anyhow Scooter: when taking a look at those numbers -- I try to verify with the IMF database or World Bank Database, etc.. Scooter: etc.. Scooter: does that make sense Scooter: I hope so Scooter: just a practice I try and do Sam I Am: yes Scooter: so back to circulation amount Scooter: and in Iraq, outside of banks right ? Scooter: ok Sam I Am: ok Scooter: As of December's report --- Scooter: the November's number are clearly showing 26.866 Trillion IQD outside of banks Scooter: shows m1 to be 57.997 Trillion Scooter: M2 67.160 Trillion Scooter: now Scooter: with that said Scooter: there's some variables that we need to look at Scooter: one, some of that could be in reserves of other countries Scooter: and those reserves will never see the shores of Iraq ever again. Scooter: that number is unknown right now Scooter: and nobody knows what that amount currently is Scooter: but Scooter: we do know that within the immediate area of baghdad Scooter: there's approximately 4 trillion in hard currency Scooter: Saleh just reported that one Scooter: with that said, and knowing Baghdad has approximately 6 - 8 million of the populace Scooter: we can start dissecting and making educated guesses Scooter: Now, the other unknown in this equation are two items Scooter: The $173 Billion USD sitting at US Treasury account that came from the DFI's Savings account Scooter: two Scooter: We don't know, how much $$$$$ is being sheltered from the partner countries Scooter: to be dedicated to Iraq when the structural changes go down Scooter: What do you think the circulation in Iraq is? Scooter: hahahah Scooter: sorry, I know., you're doing the questions ... Scooter: lol Sam I Am: My guess is 20 trillion Scooter: In Iraq? Sam I Am: Like I said, it's a guess Scooter: Correct Scooter: just like mine Scooter: I think it's in the 12 - 14 range Scooter: probably closer to 12 Scooter: I figure outside countries will carry 8 trillion Scooter: independent investors is unknown and the speculation is all over the map. Scooter: like I said -- everything is a guess -- ha ha Scooter: I think the moves that are required to reduce the circulation of the larger notes have been occurring over the last six months in country Sam I Am: Do you think there has been a significant reduction of IQD in circulation in Iraq? Scooter: Yes! Scooter: I think they will make the structural changes and we'll see a hybrid conversion Scooter: the larger notes will be sucked into the CBI and they will SOIL those notes immediately Scooter: the value is still the same -- i mean of the aggregate number --- Sam I Am: replaced by USD? Scooter: if the value of there reserves were 25 Billion before -- it will be valued at 25 billion when they convert Scooter: No Scooter: they need to to create immediate demand for IQD Scooter: they need to de dollarize their economy and fast Sam I Am: right Sam I Am: that's their stated goal Scooter: Their goal will be to make the IQD the standard throughout the country Scooter: and make it attractive to do business inside the country and to investors inside and outside the country. Sam I Am: okay, so you're saying the IQD will be sucked into the CBI upon the RV? Scooter: I think they are already reducing the 1000 series notes as we speak Scooter: but we won't have the details of their banking circulation for the year Scooter: until the third week of January Scooter: maybe fourth week Scooter: that's when some good juicy details about the exact make up the the circulation comes out Scooter: it will tell us how many 25k notes are in the private banks, government banks, and individuals hands Scooter: all the notes and coins Scooter: but they only provide that report once a year Scooter: So they will suck those notes in and deploy the CPI immediately Scooter: remember, they have already deploy almost 2 million of those smart cards Sam I Am: CPI? Scooter: those cards are like having 15 wallets or files on you Scooter: Consumer Price Index Scooter: They modified it in March of 2010 to reflect the lower denoms Scooter: they just haven't deployed it yet Sam I Am: ok Scooter: also, those Iraqi citizens will immediately need to open their first checking account Scooter: if they haven't already Scooter: they'll deploy the lower denoms and coins immediately Scooter: and suck in those larger notes Scooter: I don't think they'll be able to do this all at once Scooter: it's virtually impossible to do this in a short period of time Scooter: As a result, they will be encouraged in some way shape or form to convert that CASH into electronic form Scooter: Just my opinion Sam I Am: okay Scooter: one other item Scooter: they need to develop their Government Bond and Commercial Bond market space Scooter: That is very very critical Sam I Am: Yes, Enoch made reference to that Scooter: Yes, the government needs liquidity and that's what these bonds can provide Scooter: Those bonds will help pay for these critical projects over the long run Scooter: It appears they are leaning toward the Japanese model Scooter: but Scooter: that's another discussion Sam I Am: How does your view now differ from your original time frame and expectation of $.35? Scooter: Good question!!!, Scooter: when I first made my estimates, Scooter: I hadn't reviewed the 1000's pages of documents from multiple organizations Scooter: So my opinion has changed quite bit since that time. Scooter: Now, with that said Scooter: let me make the disclaimer Scooter: anything, and I mean anything, can occur in this investment Scooter: that includes nothing happening at all. Scooter: but when the founders of the plan developed the details, they had several strategic goals in mind Scooter: one Scooter: Significantly improve the lifestyle of every Iraqi citizen Scooter: move them from earning $2.00 a day per family to Scooter: something significantly better with a currency that had a strong purchasing power Scooter: With that goal achieved, the citizens of Iraq, in theory, would be drawn to more market driven activities Scooter: We knew they had all the resources Scooter: but politics, the enemy, and several mistakes made throughout has slowed the process down considerably Scooter: second, Scooter: Iraq needed to be the poster child for western democracy throughout the middle east Scooter: as a result, Scooter: this RV was built around several financial Tranches Scooter: some of those haven't occurred but are waiting for the right moment Scooter: The idea was to plant several economic explosions in locations that will take off in their economy, invigorating the private sector and foreign investment Scooter: For example, agriculture Scooter: that was one of the targets Scooter: At one time, Agriculture was a far bigger contributor to their GDP than oil Scooter: it was close to 37% Scooter: Nevertheless, Scooter: this had an impact on my opinion as to the price point to open. Scooter: Saleh has said the real value of the IQD is around $1.30 Scooter: the 2009 budget, as evidenced by the Tables of increases from their budget, came in at $1.17 Scooter: 2010 -- $2.05 Scooter: 2011 -- $1.27 Scooter: Now that combines both the operational budgets and Investment budgets. Scooter: So to answer your question my friend Scooter: $0.35 ? Scooter: NO Scooter: I don't think so -- I think there's another plan that hasn't been seen or discussed in the forums Scooter: and they will be paying for this RV in some other way Scooter: Just my opinion Sam I Am: ok Sam I Am: and the time frame is .... whenever? Scooter: Haaaah!!! Scooter: Who knows Scooter: I can show you documents from the IMF Scooter: that indicated the structural changes were to occur at the same time as the parliamentary elections of 2010 Scooter: Nobody knows -- but they are behind scheduled -- that is for certain. Scooter: it could be June 2013 Scooter: when the Iraqi Banking reforms are scheduled for conclusion Scooter: nobody knows Scooter: but remember, the banking industry and governments are the BEST at misdirection Scooter: they will have you look to left and sneak through the back door and steal the cookie jar. Sam I Am: Okay, one last question Scooter: I have one more in me Sam I Am: What is your advice for dinar speculators and potential investors? Scooter: Haaaah! Scooter: I can't provide any advice as I'm not a licensed financial planner Scooter: however, Scooter: I will say this again --- there's far too much INTEL out there being provided, with the majority being incorrect Scooter: However, this is a great opportunity !!!!! Scooter: I won't deny that but I still treat this as something riskier than a penny stock Scooter: because it is. Scooter: and nobody knows what's going to happen for the exception of about 3 - 5 people Scooter: in the world. Scooter: but the good news is that there's strong tangible evidence that suggest the RV will occur., Scooter: Logic dictates that it's required sooner rather than later Scooter: That's it Sam I Am: Anything else you'd like to add? Scooter: I don't think so --- I think I've bantered about for the last hour and a half Scooter: lol Scooter: lol Scooter: I'm good! Sam I Am: Okay, thanks for your time and all of your research Scooter: I just hope this was helpful ! Scooter: You are so welcome Sam