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Scooter Wednesday evening

pleasantvalleySunday

By pleasantvalleySunday,
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pleasantvalleySunday Newbie

pleasantvalleySunday

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6:40 PM [scooter] Unitedrich kind of quiet --- the the confusion has begun -- for sure

6:41 PM [tommy17] scooter whats your take on Bush being in Kuwait

6:41 PM [unitedrich] Scooter yes, that is what it sounds like

6:41 PM [Mojo] vegasman56 where you get that info from???

6:41 PM [Eddinar] what's up all?

:43 PM [scooter] Way to much

6:44 PM [scooter] remember ----

6:44 PM [goodbyeboss] Scooter by end of month?

6:44 PM [Eddinar] not even close... i just read alot and know some very intelligent people that share...

6:44 PM [scooter] the parties involved aren't delaying this to irritate us

6:44 PM [Scooby Doo] Eddinar I'm still a novice .... I'm no guru

6:44 PM [racbluto] Scooter still think the UN date of the 15th could produce something?

6:44 PM [scooter] They are delaying probably for some very very legitimate reasons

6:44 PM [scooter] now

6:44 PM [scooter] with that said

6:45 PM [blanc] EF HUtton

6:45 PM [scooter] The tools -- the data feeds --- the infrastructure -- the transactional systems -- all that is in place

6:45 PM [marineonwatch] (drum roll...........................)

6:45 PM [Mojo] racbluto I checked the UN site still no update

6:45 PM [scooter] the IMF executive board wants to move

6:45 PM [racbluto] Mojo thanx

6:45 PM [scooter] The world bank is ready

6:46 PM [scooter] the provinces have been paid

6:46 PM [goodbyeboss] bush is there

6:46 PM [scooter] everything is right there

6:46 PM [scooter] so what's left

6:46 PM [GJM] Scooter that is encouraing - so much is ready! Even Bush!   

6:46 PM [racbluto] the trigger

6:46 PM [scooter] the geopolitical side of this monster

6:47 PM [Who_Dat_Gurl] Is chapter 7 lifted?

6:47 PM [dinarette] Scooter's in mid-sentence - it's hand-sitting time!

6:48 PM [goodbyeboss] Scooter didn't you say once all they needed was a sembelance of a goi to initiate rv?

6:48 PM [scooter] Why would the world (UN, IMF, World Bank) force Iraq to pass two years of budgets --- save the drainage from the budget for 4 years --- and force them parliment to pass the 2010 budget law

6:48 PM [scooter] That law by the way empowers the

6:48 PM [scooter] provincial ministers to carry out the deployment and move the funds

6:48 PM [scooter] Why would they do that

6:49 PM [scooter] now the reality is

6:49 PM [scooter] They want the government seated on their own

6:49 PM [scooter] the private capital flows

6:49 PM [scooter] and projections are enourmous

6:49 PM [blanc] Scooter you think they realized late the issue of the people or risistance to changs over??

6:49 PM [scooter] but those flows will be cut significantly

6:49 PM [unitedrich] Scooter The only thing I can think of is they want the reserves in place if Iraq cannot do it on their own?

6:49 PM [scooter] if the gov isn't seated

6:50 PM [scooter] NOW

6:50 PM [scooter] with that said

6:50 PM [scooter] The reason the UN and IMF forced the Underpinning

6:50 PM [scooter] is in case they need to pull the trigger themselves

6:50 PM [scooter] Everything is ready at a moments notice

6:51 PM [scooter] Also

6:51 PM [scooter] so the question -- do we need a government seated

6:51 PM [scooter] technically ---

6:51 PM [scooter] NOOOOOOOOO

6:51 PM [cowboy dinar] evening all

6:51 PM [scooter] it's the law

6:52 PM [scooter] and they've been carrying out this law

6:52 PM [scooter] but I think the UN is using this as a leverage toool

6:52 PM [scooter] and trust me

6:52 PM [scooter] they won't lack the compuncion to carry this bad boy to the finish line

6:52 PM [scooter] Those people are starving

6:52 PM [scooter] beat up

6:52 PM [scooter] kids can't read

6:53 PM [scooter] no hospitals or drinking water

6:53 PM [scooter] and for a country that wealthy

6:53 PM [scooter] to act like this

6:53 PM [scooter] is -- well very very bad in my mind

6:53 PM [scooter] so --- I hope that answered the question

6:53 PM [scooter] my only comment is this

6:54 PM [scooter] be patient -- and let the market come to you

6:54 PM [scooter] Scooter diatribe complete

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bright Newbie

bright

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Thanks for the post......I hope we are good to go soon......One thing I have always thought about was if the poor in Iraq have no dinars how does the RV actually help them...I thought of myself if the USA revauled the dollar I wouldn't have any wealth because I'm broke.....just a thought...

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Hooter Newbie

Hooter

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Posted

Thanks for the post......I hope we are good to go soon......One thing I have always thought about was if the poor in Iraq have no dinars how does the RV actually help them...I thought of myself if the USA revauled the dollar I wouldn't have any wealth because I'm broke.....just a thought...

Wealth brings opportunity that wouldn't be there without it. You could almost say it would be " trickle down economics " to quote one of our greatest presidents.

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Charlie Echo Enthusiast

Charlie Echo

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I have to tell you I am NOT a currency expert. I do, however, know a trend when I see one — and right now the trend in the U.S. dollar is down against every major currency.

The U.S. Dollar Index measures the greenback's change against a basket of other currencies. From its most recent peak on June 7, 2010 through October 12, the index fell 12.8 percent.

Investors have many ways to play the foreign exchange markets, including futures contracts. If you're a logical thinker, you might wonder what possible advantage could there be in wanting your own currency to lose value. Financial markets aren't always logical. The key is trade. All international transactions have to be settled somehow. For instance, when you buy a Japanese car your dollars somehow must find their way back to Japan and converted into yen.This wouldn't be a problem if nations always imported and exported the same amounts. They don't. We here in the United States buy more stuff from overseas than they buy from us. This is good in some ways, but it's also a political problem. Why? The resulting domestic unemployment makes people want to vote against whoever is in power at the time.

Consequently, presidents from both parties have long wanted to cheapen the dollar. Ditto for the economists those same presidents appoint to the Federal Reserve Board. The reason for this is because a cheaper dollar makes U.S. goods more affordable to foreign buyers and increases our exports, thereby creating jobs and keeping voters happy.

Neither the president nor the Fed determines how much a dollar is worth. They can, however, do things that make a short-term difference. That's what is happening right now:

Congress and the Obama Administration are racking up huge deficit spending, while ...Ben Bernanke's Federal Reserve is planning a second round of "quantitative easing" to create more dollars out of thin air.

Both of these policies are negative for the greenback — and my guess is they aren't going to change any time soon.

Meanwhile, other governments and central banks — in China, Japan, Europe and elsewhere — are doing the same things! To protect their home economies, they're trying to devalue their own currencies against the dollar.

Who is most likely to get their way? For now, the U.S. is in the driver's seat. Bottom line: The greenback could have a lot farther to go on the downside. This seems to be a trend during every recessionary event that has taken place in the last 100 years, especially after a "conflict" overseas... Coincidence... I don't think so.... The dollar will need to devalue some more before the IQD can RV. This is to lessen the gap between the two monies. Why isn't the IQD decreasing in value... it's all part of the plan.....

just my opinion, hope it's the right one....

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