Scooter 9/19 at 8:30 pm PST

[svanish]

It wasnt until after Scooter explained a few things about GCC, WTO, and PPP that we all realized no one was copying. So here is what I copied, and I paraphrased the rest.

8:18 PM [bubbie] Scooter what happen's to iraq if they don't rv this year?

8:18 PM [scooter] bubbie Risk loosing Billions in aid and funding

8:30 PM [scooter] the contracts that are out there ---- that get delayed this year --- are huge projects that continue through to 2015

8:31 PM [scooter] those donars have promised to walk if they don't -- plus the UN will set them back

8:31 PM [scooter] significantly

8:31 PM [scooter] bubbie -- remember there's approximately 195 Billion reasons for them to do this this year

8:35 PM [scooter] Governments and Banks always burn the soiled currency in circulation

8:35 PM [scooter] Happens ever day

8:36 PM [scooter] So they will slowly replace the old with the new

8:38 PM [Jerrial] scooter the question on basel banking making the first move instead of iraq on the rv

8:39 PM [scooter] being deployed worldwide over the next 24 months ---

8:38 PM [scooter] Ahhh -- Basel III- I thiink that's right

8:39 PM [scooter] Jerrial I'll need to verify that one in terms of time

8:41 PM [RVorBUSTT] vegasman56 me too

8:41 PM [scooter] Jerrial I can tell you that Iraq is positioned to easilly transition to this methodology

8:48 PM [scooter] In fact --- I'm not entirely sure that's acccurate

8:48 PM [scooter] at all

8:48 PM [scooter] jerrial

8:48 PM [scooter] I'll check into that right now

Paraphrase: If Iraq wants to get in with the GCC Countries their currency needs to be in line with the GCC Countries. Right now it is way undervalued. Something about purchasing power parity (PPP) being low compared to other oil producing countries. Maybe check the charts and graphs that Scooter posted on an earlier chat. One theory is to have the dinar come out high and then trend lower towards a middle rate. This theory is based upon getting the currency back into Iraq as everyone will want to trade the currency in if it comes out high and also getting the currency to glide into the GCC target. About 90% of the currency is already in Iraq. 10% is outside of Iraq to a tune of 10% of 7 Trillion?

If anyone has anything to add or revise feel free to do so....

[tampa1000]

Very interesting, thanks for sharing!!!

[BANE]

Awesome! Thanks so much! I am thinking about getting more Dinar right now.

[cgbrown]

I am still working on his presentation, but thanks for sharing this post of the chat.

[vianney71]

I am still working on his presentation, but thanks for sharing this post of the chat.

Scooter, I sure hope you are right.. Everything you say sounds accurate & makes sense.

Just seems like Obama keeps trying to mess up the whole thing, working with, of all countries, Iran!!!!!!!!

I think from now on, the US should require a Psy. test for any candidate for the White House, thus elliminating little boys that were abandonded by their parents for the Socialist cause.

[JBrookes]

Thank you for posting this!! I always love hearing from Scooter!! He always seems so positive.

[frankc]

Scooter, I sure hope you are right.. Everything you say sounds accurate & makes sense.

Just seems like Obama keeps trying to mess up the whole thing, working with, of all countries, Iran!!!!!!!!

I think from now on, the US should require a Psy. test for any candidate for the White House, thus elliminating little boys that were abandonded by their parents for the Socialist cause.

BO is fast flushing the USA down the toilet with his radical agenda. He cares about everyone else but the USA.

Thx Scooter. GO RV!!!

[Jac]

It wasnt until after Scooter explained a few things about GCC, WTO, and PPP that we all realized no one was copying. So here is what I copied, and I paraphrased the rest.

8:18 PM [bubbie] Scooter what happen's to iraq if they don't rv this year?

8:18 PM [scooter] bubbie Risk loosing Billions in aid and funding

8:30 PM [scooter] the contracts that are out there ---- that get delayed this year --- are huge projects that continue through to 2015

8:31 PM [scooter] those donars have promised to walk if they don't -- plus the UN will set them back

8:31 PM [scooter] significantly

8:31 PM [scooter] bubbie -- remember there's approximately 195 Billion reasons for them to do this this year

8:35 PM [scooter] Governments and Banks always burn the soiled currency in circulation

8:35 PM [scooter] Happens ever day

8:36 PM [scooter] So they will slowly replace the old with the new

8:38 PM [Jerrial] scooter the question on basel banking making the first move instead of iraq on the rv

8:39 PM [scooter] being deployed worldwide over the next 24 months ---

8:38 PM [scooter] Ahhh -- Basel III- I thiink that's right

8:39 PM [scooter] Jerrial I'll need to verify that one in terms of time

8:41 PM [RVorBUSTT] vegasman56 me too

8:41 PM [scooter] Jerrial I can tell you that Iraq is positioned to easilly transition to this methodology

8:48 PM [scooter] In fact --- I'm not entirely sure that's acccurate

8:48 PM [scooter] at all

8:48 PM [scooter] jerrial

8:48 PM [scooter] I'll check into that right now

Paraphrase: If Iraq wants to get in with the GCC Countries their currency needs to be in line with the GCC Countries. Right now it is way undervalued. Something about purchasing power parity (PPP) being low compared to other oil producing countries. Maybe check the charts and graphs that Scooter posted on an earlier chat. One theory is to have the dinar come out high and then trend lower towards a middle rate. This theory is based upon getting the currency back into Iraq as everyone will want to trade the currency in if it comes out high and also getting the currency to glide into the GCC target. About 90% of the currency is already in Iraq. 10% is outside of Iraq to a tune of 10% of 7 Trillion?

If anyone has anything to add or revise feel free to do so....

Thank you but perhaps it is time for Scooter to go over this packet and bring us his input. Thank you two for your

constant efforts.

http://www.bis.org/press/p100912.pdf

[Eddinar]

Thanks for the post Svanish!

[audrey williams]

It wasnt until after Scooter explained a few things about GCC, WTO, and PPP that we all realized no one was copying. So here is what I copied, and I paraphrased the rest.

8:18 PM [bubbie] Scooter what happen's to iraq if they don't rv this year?

8:18 PM [scooter] bubbie Risk loosing Billions in aid and funding

8:30 PM [scooter] the contracts that are out there ---- that get delayed this year --- are huge projects that continue through to 2015

8:31 PM [scooter] those donars have promised to walk if they don't -- plus the UN will set them back

8:31 PM [scooter] significantly

8:31 PM [scooter] bubbie -- remember there's approximately 195 Billion reasons for them to do this this year

8:35 PM [scooter] Governments and Banks always burn the soiled currency in circulation

8:35 PM [scooter] Happens ever day

8:36 PM [scooter] So they will slowly replace the old with the new

8:38 PM [Jerrial] scooter the question on basel banking making the first move instead of iraq on the rv

8:39 PM [scooter] being deployed worldwide over the next 24 months ---

8:38 PM [scooter] Ahhh -- Basel III- I thiink that's right

8:39 PM [scooter] Jerrial I'll need to verify that one in terms of time

8:41 PM [RVorBUSTT] vegasman56 me too

8:41 PM [scooter] Jerrial I can tell you that Iraq is positioned to easilly transition to this methodology

8:48 PM [scooter] In fact --- I'm not entirely sure that's acccurate

8:48 PM [scooter] at all

8:48 PM [scooter] jerrial

8:48 PM [scooter] I'll check into that right now

Paraphrase: If Iraq wants to get in with the GCC Countries their currency needs to be in line with the GCC Countries. Right now it is way undervalued. Something about purchasing power parity (PPP) being low compared to other oil producing countries. Maybe check the charts and graphs that Scooter posted on an earlier chat. One theory is to have the dinar come out high and then trend lower towards a middle rate. This theory is based upon getting the currency back into Iraq as everyone will want to trade the currency in if it comes out high and also getting the currency to glide into the GCC target. About 90% of the currency is already in Iraq. 10% is outside of Iraq to a tune of 10% of 7 Trillion?

If anyone has anything to add or revise feel free to do so....

Thanks for sharing

[brandedbabe]

Thank you but perhaps it is time for Scooter to go over this packet and bring us his input. Thank you two for your

constant efforts.

http://www.bis.org/press/p100912.pdf

Reads like banking reform for central banks...I don't see how this plays into the dinar other then grandfathering in capital...but I ain't scooter...

[DTM3055]

Great info thanks for the post!!

[Uncle Barkie]

Thanks for the post Svanish !

[Pegleg]

Svanish thank you for posting Scooter's chat

[bright]

thanks for the post.....always enjoy Scooter's insights.......as far as obama ruining the country.....i will always wonder how gw would have pulled us out of this economic hole if he could have had 4 more years....i think he did all he could do in his 8 yrs of service ......was it the economic situation or palin as vp that cost the republicans the election!!!

[gfulcher66]

If history is a clue we can see thats basicly what happened in kuwait, thanks for the post.