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Oldie but Goody from Jan 2012

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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!


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: 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

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Yeah, thanks for the post. Its good to be reminded of the future with a blast from the past. I quickly jumped on Scooters page after placing it in my favorites; with that quick look I didn't see any postings in 2013. Am I correct about no new news?

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An interesting read but full of inconsistencies.

1. more risk than a penny stock. BUT still believes in an RV? On average 9 of 10 penny stocks don't last a year . 1 in 100 actually make money for investors.

2. Traded on Forex  for 12 years , but bought IQD in 2005 expecting to wait 8-10 years! Everything I have read about successful currency trading says don't hold a position more than 24 hours.  Obvious the IQD buy was in lottery ticket mode. 

3. The CBI sucking in dinar and not showing it on the books is guroo  talk.

4. Governments holding dinar as reserve that will never come back to Iraq, more goroo poo.

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An interesting read but full of inconsistencies.

1. more risk than a penny stock. BUT still believes in an RV? On average 9 of 10 penny stocks don't last a year . 1 in 100 actually make money for investors.

2. Traded on Forex  for 12 years , but bought IQD in 2005 expecting to wait 8-10 years! Everything I have read about successful currency trading says don't hold a position more than 24 hours.  Obvious the IQD buy was in lottery ticket mode. 

3. The CBI sucking in dinar and not showing it on the books is guroo  talk.

4. Governments holding dinar as reserve that will never come back to Iraq, more goroo poo.

More LOPster poo poo,You're entitled to your opinion just like Scooter.

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