Scooter's chat - July 26 @ 11:00 p.m.

[Barboza]

[wbuse984] Scooter...hello

[scooter] Good Evening

[jimbobcookie] Motorco i dont know

[barboza] Scooter I am so glad you came by. It is always so good to take advantage of your desire to share knowledge and business wisdom!

[scooter] wbuse984 wbuse984 wbuse984 wbuse984

[bigrocks85] Scooter hiya

[pleasantvalleySunday] hello scooter welcome

[paRVenu8] Scooter hey bro

[scooter] Barboza Barboza Barboza Barboza --- how are you?

[kcw] Scooter Hi thanks for the research

[Motorco] gwright as you know we all have our nights where this place gets to us

[scooter] bigrocks85 bigrocks85 bigrocks85 bigrocks85 bigrocks85

[paRVenu8] back to talking

[trishberg] jimbobcookie not being funny, but what do people expect at 11 p.m. est

[keepmwlknfny] hola scooter!!!

[paRVenu8] ...lol

[barboza] Scooter Fine, thanks!

[scooter] pleasantvalleySunday pleasantvalleySunday pleasantvalleySunday pleasantvalleySunday pleasantvalleySunday Thank you!!!

[EagleEye] Scooter welcome

[Motorco] Scootster

[wbuse984] Scooter ... your posts ROCK !!!!

[bigrocks85] Oooooo no he noticed me

[scooter] keepmwlknfny keepmwlknfny keepmwlknfny keepmwlknfny --- Who are you???

[keepmwlknfny] bigrocks85

[Motorco] bigrocks85

[keepmwlknfny] Scooter hahaha

[DinarServed!] ok...get a room already

[scooter] Barboza Good ---- me too -- been a busy three weeks

[keepmwlknfny] Scooter im nobody...just a young trouble maker

[pleasantvalleySunday] Scooter just let us know if you want the floor ... we won't mod the room but we can be quiet and let you speak

[linda55] scooter hello sweetie how are you

[scooter] keepmwlknfny keepmwlknfny

[bigrocks85] keepmwlknfny

[gwright] Scooter hello fella

[scooter] linda55 linda55 linda55 linda55 there She is!!!!

[wbuse984] keepmwlknfny ... I can vouch for Keep

[shai] Guys let himtalk please........

[DinarServed!] will you guys kiss already and get on with it

[scooter] Helllooooo Love!!!

[scooter] How are you

[pleasantvalleySunday] keepmwlknfny you? not lately

[bigrocks85] wbuse984

[keepmwlknfny] pleasantvalleySunday i know right...i NEVER cause trouble!!

[bigrocks85] pleasantvalleySunday your teaching him manners nice

[gwright] keepmwlknfny you fib

[scooter] gwright gwright gwright gwright gwright Sorry about that --- hello Gwright -- how are you my friend

[jimbobcookie] pleasantvalleySunday be respectful

[keepmwlknfny] gwright

[pleasantvalleySunday] keepmwlknfny you're a good guy

[mark_mich266] keep - your nose is growing!!

[gwright] Scooter good and you fella?

[pleasantvalleySunday] I am jimbobcookie

[shai] Scooter tuesday scooter tueasday!!!!!!!!!

[barboza] Scooter Would you explain those charts for us? (Please!)

[keepmwlknfny] mark_mich266 how can u tell?

[mark_mich266]

[jimbobcookie] pleasantvalleySunday did not sond like it

[scooter] EagleEye EagleEye EagleEye how are you -- I think we spoke once before

[scooter] maybe

[scooter] ok

[gwright] keepmwlknfny we have to pick at you

[shai] shhhh

[scooter] I'm dreaming again

[scooter]

[shai] shhhhhhhhhhhhh

[linda55] scooter go ahead and tell us baby

[pleasantvalleySunday] dream away we'll listen scooter

[EagleEye] Scooter yes I think so terrific

[keepmwlknfny] gwright its all good!!! no hurt feelings over here

[scooter] So ---- Please accept my apologies for the worlds worst post and chat

Scooter] They weren't explained but I'm starting to burn the candle at both ends

[keepmwlknfny] Scooter i tried to tell them u were in a hurry....

[scooter] starting another venture --- a software company and consuming all my time

[scooter] No worries

[scooter] old friends!!!

[scooter] How can help explain -----

[keepmwlknfny] Scooter looks like you have the floor my dude

[scooter] shai shai

[scooter] Tuesday huh?

[gwright] Scooter watch that old stuff

[scooter]

[scooter]

[shai] Scooter Tuesdayyyy

[barboza] Scooter Go RV! Go Scooter!

[wbuse984] Scooter...in reading you latest post I picked up that the Rate will be dependent on a number of things, those being the world economic climate at the time (i.e. what are the world basket of primary currencies doing)and Iraqs economic status which needs a major boost (i.e. RV). The ISX going international needs the RV and time to stabilize the currency in and out of country...am I close?

[linda55] scooter tell us sweetie

[scooter] wow

[scooter] that's a lot of questions in one -----

[scooter] ok

[gwright] holy wuh

[scooter] so lets start with the rate ---- I don't do them -----however

[wbuse984] Scooter ... sorry

[scooter] the rate and the mechanism's by which its determined has been decided

[Racheal] Scooter thanks for all ur posts! u too keepmThinking!lol

[scooter] wbuse984

[scooter] It was a great question -- don't change

[shai] the rate is decided

[scooter] Racheal TY

[wbuse984] Scooter k

[scooter] What Shabs did went Iraq went from Article VIII with the IMF to Article IV

[scooter] he chose the SNA 1993 national accounts system to determine their rates

[scooter] Now this book

[scooter] don't try to understand it

[keepmwlknfny]

[scooter] it's 793 pages long

[scooter] and filled with equations that -- welll

[scooter] I'm scared of them

[scooter]

[scooter] so

[scooter] What needs to be determined at this point is the REER (Real Equilibrium Exchange Rate)

[scooter] which they haven't quite yet figured out

[shai] ill help them figure it out

[scooter] The IMF in fact just recentley

[scooter] put out a document this month

[keepmwlknfny] Scooter is that playing into effect of what the delay is? Just figuring out that REER???

[scooter] july

[scooter] on inflation

[wbuse984] Will the rate be partially determined on Iraqs economic potential as well as current economic conditions?

[scooter] keepmwlknfny NO ---- They're pretty close to knowing where the equilibrium is ---- they won't be far off

[scooter] But

[scooter] it has taken them a long time and you are correct in that sense

[scooter] So the rate is tricky in this stance to determine because it's like the German Mark during the deployment of the Marshal Plan

[scooter] after ww ii

[scooter] These determinants are done on a regular basis

[scooter] Nevertheless ---- The post

[scooter] if you look at the recent post what you'll see

[waitingondinar] has there been any info from Sonny and his "sure-fire" date of July 26th?

[scooter] are two different budgets

[wbuse984] Ah, we may be looking at a marshall plan on steriods because of the world financial institutions being in place that were not right after wwii

[scooter] waitingondinar Not sure --- not sure what that one was about either --- but the RV still has not occured sir

[pleasantvalleySunday] waitingondinar could you please hold up for scooters info .. ty

[scooter] if that was the question

[paRVenu8] waitingondinar ..lol

[scooter] Now inside the post you'll see Table 3 and Table 4

[scooter] What Iraq did, based on instruction from IMF

[scooter] was they provided two years of budgets last year

[scooter] and they had to provide four Tables --- esssentially four budgets at different rates

[scooter] The ones posted are just that

[scooter] The current rate

[scooter] and the budget using the future rate -- which they call the LOW rate

[scooter] I know -- confusing

[shai] no ur not

[scooter] but it's good because it's actually a higher rate

[scooter]

[scooter]

[wbuse984] 1.17 dinar to the dollar vs 1170

[scooter] I'll try better -- promise --

[scooter] now --- many of you have seen the rate at the Ministry of Planning Right?

[wbuse984] 1.17 is lower (example given)

[scooter] the 1.134 and the 3.2008

[scooter] Ahhhhhh

[scooter] Good question

[scooter] When you analyze and compare you'll see where they used the 1.134 as a basis on some items and 3.21 on others

[scooter] But remember

[scooter] These are ratios

[scooter] and indicators

[scooter] not rates

[scooter] What they show

[keepmwlknfny] Scooter to see how those different rates could work in the real world?

[scooter] is a range by which they are calculating these budgets in Table 3 and Table 4

[scooter] keepmwlknfny something like that but add another variable

[scooter] for example

[scooter] Salaries

[scooter] When taking a look ----- they used the 1.17 approx

[scooter] for most of the salaries but Capitol equipment

[scooter] it's well over the $3.00 range

[scooter] The reason makes sense when you think about it

[scooter] The capitol they purchase from outside their borders

[scooter] Truly testing their exchange rate --- and they wanted more allocated as well

[keepmwlknfny] Scooter so would it be safe to say they have been implementing these rates for some time now to see how they would function to help figure out this REER??

[scooter] As a result --- Capitol was allocated at a higher range

[shai] makes sense

[scooter] Great question !!!

[scooter] Yes

[scooter] since 2004

[wbuse984] Also, how much manageable liquidity to allow back into the country in lower denominations as well...

[scooter] they've been carefully monitoring all the macroeconomic factors and the what the REAL

[scooter] Equilibrium truly is

[shai] Scooter do you think its phsyically possible to have a Revaluation announcement today IF they have a forming government meeting prior to the current date.

[shai] *had

[scooter] If you don't know how the IMF and the FOREX works -- The systems calculate approximately 1200 algorythms a second

[scooter] At least the majors do

[scooter] If you notice -- when loooking at the MofF or MofP

[gwright] algo who?

[wbuse984] gwright

[scooter] sites -- they are vehemently trying to post as much economic data as quickly as possible

[shai] gwright - ignore it

[gwright] Scooter ty

[bigrocks85] Scooter who pushs the final button to rv which agency if i may ask

[shai] what are the benefits of "posting" these charts

[scooter] gwright gwright I don't thnk I spelled that right ?

[scooter]

[scooter]

[scooter]

[scooter] Now -- that was long winded ---

[keepmwlknfny] shai so you can understand what he is talking about....

[keepmwlknfny] Scooter

[gwright] Scooter Scooter it's not you it's me but have the answer now

[scooter] but the post essentially provided a comparison tool for everyone ---- doesn't show any defined spot

[caveman] Scooter u lost

[scooter] gwright gwright gwright gwright

[scooter] caveman caveman caveman caveman caveman caveman caveman caveman

[caveman] Scooter Scooter hey brother

[shai] i think whatever we see as "news" is old news

[scooter] Nope--- my friend called me up and said I needed to explain some items

[scooter] before I got smashed in the newspapers

[scooter]

[barboza] Scooter Do you think the UN will intervene?

[bigrocks85] Scooter

[caveman] and u udid a heck of a job

[Motorco] Scooter I think we just want to know what has to happen to get this RV

[gwright] Scooter ty so much ..really does help a lot

[scooter] Barboza ---- Ok -- Here's what's going on

[linda55] scooter thank you sweetie for this info

[scooter] The RV was passed as law last year -----

[scooter] The IMF and World Bank --- at the direction of the UN ---

[scooter] "Underpinned" the RV and had it approved last year for deployment this year

[scooter] Everything based on what I see --- were right on schedule

[keepmwlknfny] Scooter so are there quarters of the year that they group back together and discuss these determining factors of the rates and possibly change them? As in meeting together and implementing rate changes at certain times during the year??

[scooter] WOW ----- You heard me say that -- Did you?

[svanish] Thank you so much Scooter. Lifts a lot off of our shoulders.

[keepmwlknfny] Scooter

[scooter] those pitchers of beeer

[keepmwlknfny] Scooter am I going too far?

[EagleEye] Scooter on schedule for when ?

[scooter] The law -- refers to several spots as a "Third" ---- to be applied

[shai] tuesday

[scooter] now the translation stinks --- but I'm getting some help with the interpretations

[wbuse984] Scooter ... so is ISX going international a key indicator? Perhaps a metric to watch as well...

[Scooby Doo] shai

[scooter] and you know what

[scooter] All of this information is at the MofF and MofPlanning sites

[shai] tuesday

[pleasantvalleySunday] shai shai shai

[scooter] Been there for a awhile ---- except the new tables

[scooter] And that's why I posted

[pleasantvalleySunday] it's tuesday shai

[scooter] the ISX must go AFTER the RV

[scooter] The Currency first

[wbuse984] Scooter ... post RV I volunteer for the first round of Pitchers

[scooter] get it int'l recognized -- then the equities, bonds, stocks, etc...

[scooter] wbuse984 wbuse984 wbuse984

[keepmwlknfny] Scooter now about the ISX....how is it an advantage for them to go international rather then stay just in country?

[scooter] OK -- Does that make sense?

[bigrocks85] so who announces it has happened Scooter

[wbuse984] Scooter ... yep ...

[shai] tuesday...

[barboza] Scooter We appreciate your help! We recognize that you are a very busy man... and your time is precious. Thank you, again!

[shai] tuesday

[scooter] bigrocks85 Usually the Central Bank of the country

[bigrocks85] Scooter thought so thank you

[pleasantvalleySunday] yes thank you so much for giving us your time tonight scooter

[shai] tuesday

[scooter] Barboza Barboza My pleasure my friend!!

[keepmwlknfny] Scooter right now, isent it hard for foreign investors to jump in and invest on the ISX??

[barboza] Scooter ty

[EagleEye] thanks indeed scooter

[bigrocks85] keepmwlknfny thank you so very much

[bigrocks85] Scooter for you

[bigrocks85]

[scooter] bigrocks85 But -- in this case -- the CBI is still answering to UN//WorldBank//IMF

[wbuse984] Scooter ... thanks big guy ... appreciate the info...

[keepmwlknfny] Scooter which is why they NEED to go international in order for them to achieve their goals that they want?

[gwright] Scooter hey you psssst

[cook100] Scooter ty

[linda55] scooter thank you sweetie for your time

[scooter] keepmwlknfny Yes --- it is

[bigrocks85] Scooter confused again

[scooter] However, The Banking

[scooter] reform concludes in October ----

[bigrocks85] which one to watch guess all three

[dinarrv9911] Scooter If the PM was named today and the government is formed today, would the RV still have to wait until bank reform is completed in October? What does bank reform entail?

[scooter] Take a look at the US Trade Website ---

[scooter] The US government is escorting every major US corp over there

[bigrocks85] Scooter ok will

[scooter] in October for a huge splash

[scooter] gwright Sorry

[scooter] looking at the keys

[scooter]

[keepmwlknfny] Scooter could you explain the details of the banking reform? I know thats a big question for alot of people here....

[wbuse984] Scooter ... yes yes yes, the current administration would love to get people working by exporting stuff to Iraq ...

[Motorco] Scooter so then there is no way around it, RV cannot happen until bank reform is done?

[gwright] Scooter just wondering about that third thing you need translated

[scooter] bigrocks85 sorry ---- How can I help

[scooter] gwright It's a tough one right now and inconclusive

[gwright] Scooter ok ty

[scooter] Are they referring to a third of the year?

[shai] TUESDAY

[bigrocks85] Scooter no you did very much ty

[scooter] or dividing the numbers by a third to determine something else

[gwright] Scooter that was what I was trying to figure out

[Motorco] shai we get it, give it a rest! geez

[keepmwlknfny] shai seriously...leave it alone.....nothing is happening tuesday....

[rrupple] Motorco +++

[scooter] keepmwlknfny Oh man --- that's another night

[scooter] but

[scooter] I will post the shedule and description for you

[shai] scooter its happening tomorrow

[scooter] will that work

[scooter] NOPE

[keepmwlknfny] Scooter yea thats cool

[dinarrv9911] Scooter If the PM was named today and the government is formed today, would the RV still have to wait until banking reform is completed in October? What does bank reform entail?

[bigrocks85] Scooter very much

[scooter] dinarrv9911 Who says the RV is waiting for a PM?

[keepmwlknfny] Scooter.....dinarrv9911 has a good question.....would they need to wait until bankin reform is done before they RV?

[wbuse984] Scooter

[gwright] Scooter I was waiting for that answer

[scooter] Who says that it's not still continuing

[pleasantvalleySunday] Scooter ah ha!

[bigrocks85] gwright me to

[scooter] I know

[scooter] This one is difficult to get

[scooter] because it's not normal

[shai] tuesday

[scooter] Last year

[bigrocks85] Scooter its iraq

[scooter] The IMF and World Bank and UN --- ordered

[wbuse984] Scooter ... its "building blocks" for the banking reform...

[scooter] Iraq to provide two years worth of budgets ahead of time.

[scooter] They also instructed them to come out with a plan of attack for the RV ----

[gwright] shai please behave ty in advance

[jimbobcookie] Scooter dont they need to be establish first for awhile with their currency

[scooter] Remember -- The RV is part of a 186 Billion Dollar plan to invigorate this economy at once

[scooter] it's called a "Tranche" -- A single explosive economic bomb

[scooter] Wow -- that was good

[scooter] I got write that down

[scooter] So

[bigrocks85] Scooter impressed even yourself

[Motorco] Scooter well light the dam_n fuse!

[wbuse984] Tran-shay

[scooter]

[gwright] Scooter I have the lighter

[keepmwlknfny] Scooter so could the RV be part of the banking reform???

[scooter] So -- Sorry -- the RV is one component of this 12 year project

[jimbobcookie] Scooter wouldnt they need to be released from chapter 7 first

[scooter] The RV is going to occur with or without the Government

[bigrocks85]

[dinarrv9911] Scooter Does the RV have to happen AFTER banking reform is completed in October? What does bank reform entail?

[shai] on Tuesday

[scooter] Does everybody understand the concept of "Underpinning"

[rrupple] no

[keepmwlknfny] Scooter yep

[gwright] shai your a stinker

[bigrocks85] comeon

[scooter] The world knew these lunatic leaders

[wbuse984] Scooter yep

[scooter] would screw up

[nick s] Scooter no not at all

[scooter] it's in every report from UN to World Bank and IMF

[scooter] That's why they had to UNDERPIN the RV

[scooter] and get it into law this year

[scooter] It's all in writing

[keepmwlknfny] Scooter meaning handle the RV without the govt being involved?

[scooter] dinarrv9911 The RV is the Banking Reform

[shai] Scooter why have the banks been closed since last week? do you think they will re-open with no RV?

[wbuse984] Scooter keepmwlknfny ... hence the autonous nature of the CBI...

[scooter] the two major banks on June 30th received a massive REBOOT

[scooter] All the debt removed

[wbuse984] Scooter ... immediate liquidity ...

[scooter] All Suspence accounts removed

[shai] ok...

[scooter] Monies being returned from neighboring countries

[gwright] well how bloody lucky can ya get

[scooter] Those two banks do 90% of the banking biz there

[wbuse984] gwright

[tleite43] whats with October?

[scooter] they also took the 70% liquidity out of circulation

[scooter] it wasn't really in circulation --- but they removed approx. 24.3 Trillion IQD

[scooter] it's the most well conceived plans I have ever ever ever seen

[wbuse984] Scooter ... removing exposure...

[scooter] 31 donar countries

[scooter] 186 Billion being infused

[keepmwlknfny] Scooter whats the purpose of taking the ISX international??

[barboza] Scooter Outstanding!

[scooter] It's amazing how huge this is

[scooter] The RV is only one component

[tleite43] when

[scooter] keepmwlknfny Sorry buddy

[keepmwlknfny] Scooter

[keepmwlknfny] all good

[JKET955] Scooter so are we close?

[scooter] When the currency gets recognized internationally

[scooter] The ISX exchanged will then be able to trade just like the rest of the World does

[scooter] JKET955 We're in the final phase

[scooter] that's all I will say

[keepmwlknfny] Scooter

[sheree] any chance it will be postponed, just like everything else they do, just like they did last year

[wbuse984] Scooter ... allowing massive capital investment into the country to support rebuilding and initiating a free market...

[scooter] Remember ---- The Banking Reform concludes in October

[dinarrv9911] Scooter The RV is the Banking Reform? Therefore, since Banking Reform will not be finished until October, that means the RV will not happen until October?

[scooter] The currency first

[scooter] then the ISX in October

[tleite43] that far away for rv?

[keepmwlknfny] wbuse984 yessir!!!

[keepmwlknfny] dinarrv9911 no...it will be done before then....

[scooter] I'll post the Banking Reform Plan and Schedule from the World Bank DPL tonight

[wbuse984] keepmwlknfny

[keepmwlknfny] Scooter thanks that will help alot!!!

[scooter] now -- I'm getting the evil eye from the wifey -- I must go now

[svanish] Scooter, I mean this from the bottom of my heart, thank you so much for your info.

[scooter] no problem

[scooter] I hope that helps

[wbuse984] Scooter ... ty ...

[keepmwlknfny] Scooter you and me both!!! hahaha

[barboza] Scooter Thank you

[pleasantvalleySunday] Bless you and her Scooter!!!

[bigrocks85] Scooter this all helps so very much

[sheree] thank you Scooter

[JKET955] Scooter you were awsome

[linda55] scooter thank you sweetie for your time

[Scooter]

DV_Team,

As promised, here's a prior description of the Banking Reform Program being deployed jointly by the World Bank and IMF. The source of this i the World Bank DPL for Iraq (March 2010). I hope this helps!

Good night,

Scooter

----------------------------------------------------------------------------------------------------------------------------------------------------

[Desert Medic]

dear god.. jibberish.. to many people talking abouth nothing inbetween the chat...

oh my head...

regardless, thanks for the post. scooter and keepmwlknfny keep up the good work.

[Niko]

Barboza, thanks fo the post, Scooter thanks for your hard work, Kdub thanks for the questions. Really good read.

[Barboza]

Great job, Scooter!

I am so glad to know you,

You have made a difference in this chatroom!

God bless you, my friend!

[Bumper64]

Scooter

Thanks as always for sharing info with us!!

Sorry I wasn't there to stop all these people from trying to ask you 1000 questions at the same time!

People, you have to give the man a chance to type out his info, holey cow!!

[svanish]

As long as they don't "extend the projected closing date" as stated on bottom of page, we're golden.

[ronscarpa]

DV_Team,

As promised, here's a prior description of the Banking Reform Program being deployed jointly by the World Bank and IMF. The source of this i the World Bank DPL for Iraq (March 2010). I hope this helps!

Good night,

Scooter

SCOOTER - you're the man - Thank you so much for all your work (+) & Chat...!

Thanks Barboza for posting (+) Scooter's Chat...

Blessings

RON

[Bumper64]

Scooter,

This part makes me want to pull my hair out!! Already setting us up!!

Major Implementation Obstacles

Due to the short lifetime of the project, there is likelihood to extend the project closing date.

Also, if there closing date stays true to Oct. and you say that they will do the currency FIRST and then ISX in Oct. would they not need to have a "time window" for the RV cash in to take place before they took on another step by going international on the ISX?? RV-30,45 days before going international?? Or would they tackle it all at once?

Thanks Bro

[awish30]

Thanks Barboza for the post. Thanks Scooter. GO RV :) :)

[Trimark]

This is great info! Thanks so much Scooter for all you do. That really cleared things up a lot. Thanks also to keep, wbuse984, and barboza.

[JC1970]

IF you can enlighten us "KEEPMWLKNFUNNY" and so kindly share with us your synopsis/input/interpretation - regarding" SCOOTERS" chat information... Since it appeared you had a good

dialogue going with him and were pretty much capitalizing on his interpretations/agenda........

Thank You in advance....

[Niko]

Scooter,

Thanks for the research.

How did you hear about this investment and why did you become so passionate about it?

I owned my own business up until this past year and you surely know the hours you must put in to try and keep in the black. The dinar investment has to be a project that you highly value. Your posts are close to a business plan presented to potential investors, for free. I think it's admirable that you put in the work and provide commentary in addition to whatever your private vocation may be. Cheers!

[keepmwlknfny]

IF you can enlighten us "KEEPMWLKNFUNNY" and so kindly share with us your synopsis/input/interpretation - regarding" SCOOTERS" chat information... Since it appeared you had a good

dialogue going with him and were pretty much capitalizing on his interpretations/agenda........

Thank You in advance....

Sure no problem....we have a good dialogue cause me and scooter talk on a regular, go get drinks, that kind of thing lol , he is very good at finding this info, I try to get him over here after making those chats from other sites to help explain and answer questions people might have....but yea to sum things up....this has been planned for years....it was planned to be executed with or without the govt in place, because they knew the leaders of Iraq would not be able to handle this and they would end up screwing it all up....they have been in a way testing a wide range of rates behind the locked rate of 1170 to see how they would work with Iraqs economy the way it is....they have been doing this since 2004 as to find the "equilibrium" rate, meaning the rate best justified and supported by Iraqs economy and oil production.....now as for the banks and the ISX.....Iraq needs the ISX to go international as to help with massive amounts of investments that can pour into the country and make it easier for foreigners to invest into the private sector as well....in order for the ISX to go international, the dinar must be internationally recognized first and must at least be at the value of 1 cent as well....but the banking reform actually includes the RV/RI and so they must complete the RV/RI before the end of october which of course that deadline may be extended if necessary so its still not set in stone.....so we COULD be looking at a time frame of end of august till end of october to see our dinar rise in value because i dont believe that we will see anything happen during the month of ramadan....so look right after that till october as our "timeframe" based soley on Iraqs plans and what they have placed in front of us.....not off some random rumors or anything like that....just off good ol reading and comprehension ya dig?!?! and of course long and tiring research done by none other then scooter himself.......STAY THIRSTY MY FRIENDS!!

[mrref]

Scooter

Thanks as always for sharing info with us!!

Sorry I wasn't there to stop all these people from trying to ask you 1000 questions at the same time!

People, you have to give the man a chance to type out his info, holey cow!!

I totally agree its almost to a point of being RUDE

[JBrookes]

Thank you scooter for taking the time to share your knowledge with us!! You are obviously a very busy man & to take time out of your busy schedule for us is very much appreciated!! Thank you keep for asking him to clear up or explain info to us!! You're great!! & last but not least thank you Barboza for posting this for those of us who couldn't hold our eyes open long enough to wait up for the chat!! God bless you ALL!!!

[Motorco]

This was a great chat! One of the best I have been in. IMO it tied up all the loose ends for me, and gave a good time window and rate to look forward to. Thanks Scooter and everyone else who asked such good questions. Thanks again Keepm for asking Scooter to on last night!

[caz1104]

Scooter-Thank You very much for the time & effort!! Thanks also go out to keepwlknfny & wbuse984 for they're contributions on this chat. GO RV!!!!!!!!!!!!!!!!!!!!!!!!!!

[wbuse984]

Scooter thanks for the chat, Barboza thanks for the post, Keep thanks for the summary as it is spot on...

[mhl0521]

good stuff...thanks! It is really starting to finally make more sense to me. I did not have an understanding of how or why or when, but it is starting to form in my brain now!

[dollarsense]

Scooter,

This part makes me want to pull my hair out!! Already setting us up!!

Major Implementation Obstacles

Due to the short lifetime of the project, there is likelihood to extend the project closing date.

Also, if there closing date stays true to Oct. and you say that they will do the currency FIRST and then ISX in Oct. would they not need to have a "time window" for the RV cash in to take place before they took on another step by going international on the ISX?? RV-30,45 days before going international?? Or would they tackle it all at once?

Thanks Bro

That is my question as well. Thanks for the post. Great job scooter

[Scooter]

Bumper64,

Your reasoning is absolutely correct my friend!!!!!! You are the first person that has figured that one out -- well done!!!

When the currency gets released and internationally recognized, two things will happen:

1. The big boys will get into the game ---- Hedge funds, every major bank around the globe, central banks from smaller governments, etc...
2. Massive rush by private individuals to cash out immediately

When the initial "Buying//Selling" frenzy is over, a natural market "Consolidation" will occur --- it is this consolidation period that will take 30 days minimum. At that time, the ISX will be ready to be recognized in mid October.

To further support your reasoning, take a look at the Iraqi Law regarding the RV ---- look for the word a "THIRD". You'll need to translate it from Arabic to English but tell me your thoughts. Also, you'll only find this document on the Arabic site for the Ministry of Planning, not the English -- use Google Translate to convert to English. I'll hold my comment until I hear from you -- your approach is correct --- just do the math backwards and you'll see a nice soft landing spot for this RV.

Here's the document: General Budget Law For the Year 2010

Great work Bump!

Scooter

Scooter,

This part makes me want to pull my hair out!! Already setting us up!!

Major Implementation Obstacles

Due to the short lifetime of the project, there is likelihood to extend the project closing date.

Also, if there closing date stays true to Oct. and you say that they will do the currency FIRST and then ISX in Oct. would they not need to have a "time window" for the RV cash in to take place before they took on another step by going international on the ISX?? RV-30,45 days before going international?? Or would they tackle it all at once?

Thanks Bro

Niko,

Thank you for your comments and yes my time is being stretched. In fact, I will be slowing down a bit more as I engage this new endeavor! As for the passion part, I have my personal reasons that I'll keep to myself, but thank you for noticing my friend!

Have a great day and you're always welcome to ping me!

Scooter

Scooter,

Thanks for the research.

How did you hear about this investment and why did you become so passionate about it?

I owned my own business up until this past year and you surely know the hours you must put in to try and keep in the black. The dinar investment has to be a project that you highly value. Your posts are close to a business plan presented to potential investors, for free. I think it's admirable that you put in the work and provide commentary in addition to whatever your private vocation may be. Cheers!

[SuperFlyJr]

To further support your reasoning, take a look at the Iraqi Law regarding the RV ---- look for the word a "THIRD". You'll need to translate it from Arabic to English but tell me your thoughts. Also, you'll only find this document on the Arabic site for the Ministry of Planning, not the English -- use Google Translate to convert to English. I'll hold my comment until I hear from you -- your approach is correct --- just do the math backwards and you'll see a nice soft landing spot for this RV.

Here's the document: General Budget Law For the Year 2010

I just translated that document, did a search for the word "Third" but only found lots of gibberish.

Third: restrict donations amounts granted Tarasull Tahgelao non-associated Prazub after acceptance of

ﺭﻳﺯﻭ ﺔﻳﻟﺎﻣﻟﺍ Minister of Finance

ﺔﻳﺩﺎﺣﺗﻻﺍ Federal

ً

ﺍﺩﺍﺭﻳﺇ Administratively

ً

ﺎﻳﺋﺎﻬﻧ ﺔﻧﻳﺯﺧﻠﻟ ﺔﻣﺎﻌﻟﺍ ﺔﻳﺩﺎﺣﺗﻻﺍ ﻰﻠﻋ ﻥﺃ ﻡﻭﻘﻳ ﺭﻳﺯﻭ ﺔﻳﻟﺎﻣﻟﺍ ﻱﺩﺎﺣﺗﻻﺍ ﺎﻬﺻﻳﺻﺧﺗﺑ Aiiahn Pnizachll public shall be on the federal Minister of Finance to Federal Ahsicktb

ﻥﻣ ﺕﺍﺩﺎﻣﺗﻋﺍ Of appropriations

ﺓﺭﺍﺯﻭﻟﺍ ﻭﺃ ﺔﻬﺟﻟﺍ ﺭﻳﻏ ﺔﻁﺑﺗﺭﻣﻟﺍ ﺓﺭﺍﺯﻭﺑ ﻑﺭﺻﻠﻟ The Ministry or non-associated Pahjla Prazub Frsell

ً

ﺎﻘﻓﻭ ﺽﺍﺭﻏﻸﻟ ﻲﺗﻟﺍ ﺕﺣﻧﻣ ﺎﻬﻠﺟﻷ . In accordance with purposes that awarded Ahlgelo

Third: adherence Tadamtalb allocated in the General Budget of the Federal Lao my husband's entry in the commitment

ﻑﺭﺻﻟﺎﺑ ﺎﻣﺑ Frslab including

ﺩﻳﺯﻳ ﺎﻣﻋ ﻭﻫ ﺹﺻﺧﻣ ﻲﻓ ﺔﻧﺯﺍﻭﻣﻟﺍ ﺔﻣﺎﻌﻟﺍ ﺔﻳﺩﺎﺣﺗﻻﺍ. Daisy is brilliant ad hoc in the Federal Budget general

Third: Bstan these advances on the General Budget Federal Tasickt the year / 2011 Tahgell

ﺓﺩﻳﻔﺗﺳﻣﻟﺍ. Beneficiary

Looks like lots of gibberish to me so I'm hoping someone (Scooter?) can muddle through and please explain it to us!?!?

Thanks (+) both to Barboza for posting and Scooter for all the hard work! Be blessed, my friend!

[lechesuerte]

Thanks Scooter and keepmwlknfny!! Great job on research and explaination respectively!! Happy you guys are here to help those of us with only some understanding of our investment!! GO RV in 2010!!!

[Trimark]

Scooter, do you believe that the lifting of chapter 7 is required for the RV to take place? It seems as if you are saying it doesn't, is that correct?

I was under the impression that iraq having it's own independently seated government was a requirement for chapter 7 to be lifted which was needed for the RV but it seems that with what you are saying about the banking reform, the RV we are waiting for could take place even if chapter 7 has not been lifted, am I understanding that correctly?

Thanks.