SWFloridaGuru Posted May 23, 2012 Report Share Posted May 23, 2012 5-23-2012 Scooter-EG: I think Iraq is much farther along based on the 12/31 document from the World Bank outlining task to be completed. What you have to remember is that these documents are distributed and released to the public with timing in mind. When the IMF or World Bank release their annual CR's Country Reports they might have a "stinging" review in the document and the document may have been released just two weeks ago but the date of the published internal doc may have been released four months ago. With that said lets take a look at the World Bank document released on Iraq's Financial Sector that could have easilly been the case, whereby those task with a 12/31 deadline could have easilly been accomplished. Here's the good news, the World Bank delegation is visiting Iraq, they don't send a delegation just to visit. They will only send a delegation to show something is completed, so perhaps some of those bigger items have been completed. I do know that Iraq's banking is going to be one of the most sophisticated in the world and they are well underway with this project. They will be leveraging some unique mobile applications in combination with the smart cards. There's a company out of South Africa supplying these cards. Imagine having a brand new CPI get rolled out to the 30 million people. Bread, milk, basic necessities are now priced completely different and now we have this one smart card, which contains more information than what your wallet or purse can hold. It has all your insurance, banking, and personal demographic on it and I can now use it to purchase products. Combine this with new pricing, cost, financial transactions for the consumer and it's very compelling. The last I heard is that over 2.0 million have been distributed according to this firm. Now as to WTO, there were four laws that were required to be passed to and one them was the tarrifs. If I look at the law library, they passed that law just recently. The July 1st date is always an interesting date in Iraq because that's the date they have been trying to Revalue/DeValue their assets at those government banks. So, when I see dates surrounding WTO and July 1st, that just elevates that date as one to watch. I think that one of Shabibi's main objectives was to build a foundation under severe circumstances for the currency to become resilient and strong. When I say strong I don't mean the value, I mean it's durability, sustainability and longevity. In that regard, he's done a fairly decent job. 14 Link to comment Share on other sites More sharing options...
caz1104 Posted May 23, 2012 Report Share Posted May 23, 2012 Scooter=respected opinion(imo) Link to comment Share on other sites More sharing options...
zigmeister Posted May 23, 2012 Report Share Posted May 23, 2012 Thanks for the post SWFlorida guy. Scooter happens to be very informed and I always like to hear whats on his mind. Link to comment Share on other sites More sharing options...
shabbadude Posted May 23, 2012 Report Share Posted May 23, 2012 Scooter has proven over the years to be one of the most solid commentators on dinar related issues. Even though I've read some of the same articles, he seems to find the really obscure ones that connects all the dots. Thanks for bringing this over SW, keep up the great work! Link to comment Share on other sites More sharing options...
txwWrestling Posted May 23, 2012 Report Share Posted May 23, 2012 Thanks SW..Scooter is one of the best. Wish he would come here more! Link to comment Share on other sites More sharing options...
GhostDawg Posted May 23, 2012 Report Share Posted May 23, 2012 July 1st definitely is a day to watch for me! I will be the big four oh! Link to comment Share on other sites More sharing options...
Bulls 2011 Posted May 23, 2012 Report Share Posted May 23, 2012 Thanks for the info Scooter!! I look forward to hearing what you have to say:) Link to comment Share on other sites More sharing options...
kjwayne Posted May 23, 2012 Report Share Posted May 23, 2012 July 1st definitely is a day to watch for me! I will be the big four oh! I was the big four o, 26 years ago!! Link to comment Share on other sites More sharing options...
rsskelton Posted May 23, 2012 Report Share Posted May 23, 2012 SWG, thanks for bringing this. I've known Scooter for a while and always respected what he brings to the table. Hey Scooter, if you happen to read this, how's about pulling your chair up to the table a bit more often, lol! 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted May 23, 2012 Report Share Posted May 23, 2012 Thanks SWFloridaGuru. I always love a Scooter post. It seems that Iraq is releasing their economical advancements as they plan not as they are achieved. I have been looking also for a the release of Iraq's 2012 letter of Intent to the IMF. The LOI is normally released the first quarter of the year and we are in the second quarter and still no sign, unless I missed it. Lot's of pieces still missing in this puzzle. Thanks again for the post. http://www.imf.org/external/country/irq/index.htm?type=23 Link to comment Share on other sites More sharing options...
KamelKeeper Posted May 23, 2012 Report Share Posted May 23, 2012 I love both of these guys! Thank you. Link to comment Share on other sites More sharing options...
4Horsn2 Posted May 23, 2012 Report Share Posted May 23, 2012 I always like hearing Scooter's perspective...thanks Scooter and thanks for bringing it over, SWFloridaGuru!!! Until next time... 1 Link to comment Share on other sites More sharing options...
zigmeister Posted May 23, 2012 Report Share Posted May 23, 2012 I love both of these guys! Thank you. Somehow I knew you would say that. Link to comment Share on other sites More sharing options...
aliciadogz Posted May 23, 2012 Report Share Posted May 23, 2012 I'm hoping!!! Link to comment Share on other sites More sharing options...
jlymonstone Posted May 23, 2012 Report Share Posted May 23, 2012 Scooter was predicting RV for last June 2011. 2 1 Link to comment Share on other sites More sharing options...
KamelKeeper Posted May 23, 2012 Report Share Posted May 23, 2012 Scooter was predicting RV for last June 2011. Do you have a helmet? 2 Link to comment Share on other sites More sharing options...
sweet C Posted May 23, 2012 Report Share Posted May 23, 2012 Do you have a helmet? Link to comment Share on other sites More sharing options...
mrref Posted May 23, 2012 Report Share Posted May 23, 2012 (edited) Scooter was predicting RV for last June 2011. These predictions has been going on for the past 4 years if not longer, but I believe for the first time in almost 9 years since I've been involved with this investment that there is actually something in the works, lets hope so.. Edited May 23, 2012 by mrref 2 Link to comment Share on other sites More sharing options...
caz1104 Posted May 23, 2012 Report Share Posted May 23, 2012 Scooter was predicting RV for last June 2011. Not sayin ur wrong,but i've never known Scooter to project dates or rates,only wndows of opportunities. Link to comment Share on other sites More sharing options...
Niteflyer Posted May 23, 2012 Report Share Posted May 23, 2012 so we wait and see Link to comment Share on other sites More sharing options...
rsskelton Posted May 23, 2012 Report Share Posted May 23, 2012 Not sayin ur wrong,but i've never known Scooter to project dates or rates,only wndows of opportunities. Exactly. Link to comment Share on other sites More sharing options...
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