SCOOTER Chat #2: - 2/16/2011

[ronscarpa]

SCOOTER Chat #2: - 2/16/2011

tenmillion: Scooter….why is Saudi’s rate so low… 0.27 ???

Scooter: Saudi Arabian Rate Is Unique

Scooter: Particularly Compared To The Oil Producing Countries

Scooter: In The Region

donsun: ok

Scooter: In Fact, There’s Several Gcc Countries That Are Artificially Low Right Now

Scooter: But

Scooter: Remember

Dinar-Dough: Hi all, is this a Scooter q&a session?

tenmillion: yes dough

Scooter: Saudi And The Rest Of The Middle East , Except For Kuwait , Is Pegged To The Usd

Scooter: It Wasn’t Until 2006 That The Divergance

Scooter: Occurred Int He Middle East And The Usd

Scooter: But .26 Is Very Low

Scooter: And Should Be Considerably Higher — Particularly When You Loook At Their Debt, Population, And Savings Rates

Scooter: It’s Been Kept Artificially Low Primarilly Because The Relationship With The Us

Scooter: But That Will Soon Change

Scooter: There Was An Imf Study Regarding The Gcc And Moving Off The Peg

Scooter: And Moving To A Regional Basket

Scooter: The Returns Were Considerably Different

chicosan: so should we invest in the Saudi dinar? (Is theirs ‘dinar’?)

Scooter: In Fact Kuwait Jumped Up By A Whole $1.00 Usd Instantly

Scooter: Chico

tenmillion: Riyal

metalriff: the currency markets revolve around the the dollar and the reason this is is that the largest and only commoditiy in the world that is traded exclusively in usd is oil. If the Rv happened like some think at 1-1 or higher , it would shut down the markets, trillions , i just dont see it happening ,

chicosan: Ty ten

Scooter: It’s Going To Be Alot More Stable Than Usd Will Be In 18 Months

Scooter: Imo

Scooter: Metal — Interesting Comment — Why?

Scooter: I’ve Heard This Debate — And I’m Very Serious To Find Out More About Your Idea

metalriff: but im not expert but ive been supporting my family with forex for 5 years now so i try to keep on top of stuff

Scooter: Well

Scooter: It All Depends On The Objectives Laid Out

metalriff: imf is about as powerful as the un

bluski: metalriff please explain how it would shut down markets

Scooter: The Gdp Numbers Are Certainly There To support Multiple Rates

metalriff: the largest commidity publicy traded is oil

donsun: so metal what is your take if not a 1.00 rate

Scooter: Ok

Scooter: Correct

Scooter: And The Demand Is Going Where

metalriff: oil is the only commodity traded only in usd as the set

Scooter: Ok

Scooter: Once Again — Tell Me More

metalriff: that wont ever get interupted , it would be trillions of redoing , it will never happen

Scooter: Metal –

metalriff: yes sir

metalriff: the rv will happen im sure but not a crazy rate like we all hope

metalriff: a few percent to help iraq

Scooter: I Trade On Forex As Well And There’s Several Components In This Case That Allow For Unusual Circumstances

metalriff: like i say i hope im wrong

Scooter: So The Fear Is That It Would Take Trillion S And The Market Couldn’t Handle It

Scooter: Metal — Lol — Np –

Scooter: You’re All Good

Scooter: This Is A Good Subject

Scooter: I’m Just Trying To Get My Arms Around How To Respond

metalriff: if this stupid heavy metal farmer had to guess i would say 15% over current value

metalriff: trust me i hope my hunch is wrong fellow dinar heads

Scooter: Hmmmmmm — Ok — So Let’s Start At The Beginning

Scooter: First — When The Plan Was Designed For The Structural Changes Back In 2002

Scooter: There Were Several Entitities Working Different Angles And Now They All Have Culminated Into The Latest Undaf Agreeement

Scooter: With That Said

Scooter: This Is Very Similar To The Marshal Plan After Wwii

Scooter: This Isn’t The Typical Rv That We See On Forex

Scooter: Where The Statistics And Data Is Being Calculated On A Minute By Minute Basis

Scooter: The Plan Was Designed To Accomplish Two Very Important Things

Scooter: One Raise The Level Of Living Standards Of The Iraqi People — The Highest Of All Priorities

Scooter: And Two

metalriff: yeah there is massive amounts of news saying a huge rv , but im saying it would just screw up the currency markets which are so much larger than any single country

Scooter: Is A Military One

Scooter: So We’ll Leave That Out Right Now

Scooter: How Would The Rv Screw Up The Currency Market

metalriff: large banks that trade billions each week dont care about the iraq people

Scooter: Exactly — How Would It Negatively Affect

Scooter: The Forex Market

Scooter: Also

Scooter: On The Day This Goes Down

donsun: i agee scooter

Scooter: A Typical Forex Day — Approximately 4 Trillion Usd’s Gets Exchanged

Scooter: Worldwide

Scooter: In The First Millisecond This Goes Down

Scooter: The Bis In Basel Switzerland

Scooter: Will Move Over 10 Trillion

Scooter: Instantly

Scooter: Why?

metalriff: think abou %%%

metalriff: it

Scooter: Because They Are Making Some Serious Settlements Globally — And Not Just Iraq

donsun: if iraq wants what they are saying to do over there they better have a big rv rate

Scooter: What About The %

metalriff: you introduce a new currency that is 3 times the value of the dollar?

Scooter: Ok

Scooter: Ok

metalriff: aint gonna happen

Scooter: Why

Scooter: They Did It With The German Mark

Scooter: Kuwait Moved In This Manner

libertychick: Our $ now is tanking

metalriff: but there was only the whales in the market back then

Scooter: War Stricken Nations Being Rebuilt By The Rest Of World

Scooter: With 186 Billion Dollars Being Infused Is Pretty Serious

Scooter: There’s Bigger Whales Now

Scooter: Yep

Scooter: That’s True

metalriff: it would have a bigger affect

Scooter: But Those Smaller Entities Amount To A Grain Of Sand On A Beach

libertychick: Scooter, Are there powers around the world trying to eliminate the $ all together?

metalriff: not really anymore

metalriff: 5 years ago yes

Scooter: What Both The World Bank And Imf Came Up With Was A Brilliant Plan

Scooter: Initially Designed Around The “TWO Tranche’ Theory

metalriff: i knwo a whale in canada that i learned some things from

metalriff: works for boc

Scooter: Two Economic Explosions Throughout The Country To Bring Life Into The Every Segment Of The Market

Scooter: Agriculture

metalriff: yeah all those little ones add up

Scooter: Private And Public

Scooter: The List Goes On And On

metalriff: all, well most all is traded in the dollar

Scooter: And They’ve Built This Plan Since 2002

Scooter: With The Rv Being One Component Of The Overall Plan

libertychick: So will rv strengthen currencies around the world

metalriff: the dollar is the world curency

Scooter: They Do Add Up

Scooter: That’s Correct

metalriff: yep

Scooter: But What The Plan Calls For Is Instant Capitol Formation

Scooter: Created Both By Private Investment And Public Funding

metalriff: yeah man im just rying to be logical but i very well could be wrong

Scooter: They Have The Resources To Substantiate The Higher Numbers

Scooter: It’s A Matter Of How They Deploy The Program

Scooter: And When They Want To Be In The Right Trading Range

metalriff: yep

Scooter: The Imf Docs Show The Real Values They Are Targeting As Well As The Mop Gdp Numbers

Scooter: Everything Is In Alignment

Scooter: I’m Not Saying The Country Is Going To 3 Plus

metalriff: it still doesnt make sense though to infuse a boatlaod of money over there when they know full well much of that would go right to terrorists

Scooter: But

Scooter: Really

Scooter: That’s Interesting You Say That

Scooter: Because There’s Some Very Specific Laws That Were Written By Us Aid And The Tijara Group

Scooter: That Will Be Able To Track Much Of That Currency Flow

Scooter: I Can Get That Out And Post It

Scooter: In Fact, I Did A Chat On That One Night

Scooter: Nevertheless

Scooter: I Understand What Your Viewpoint Is — Trust Me — I Do

Scooter: But In This Case

Scooter: Were Not Looking At The Objectives In The Forex Mindset

Scooter: But One Of Humanity

Scooter: And Changing The Landscape Of The Region

Scooter: Just Like In Europe

Scooter: Now We Are Addressing The Middle East

Scooter: Jmo

Scooter: Good Stuff

Scooter: Love It

metalriff: yep

Scooter: Metal — I’m Serious — I Appreciate The Debate

metalriff: no doubt i wish well for iraq and all the lives lost for giving them freedom

Scooter: I Think It Needs To Occur Much More

Scooter: Amen Amen!!!

metalriff: yeah man great discussion

Scooter: Those Young Kids And Men Are Contributing To Something Very Special — Imo

LeeAnn: I agree!

donsun: i agree

metalriff: nobody more partiotic than me and my family )

Scooter: I Love It

metalriff: darn keyboard keeps misspelling

metalriff:

Dinar-Dough: I’m not sure who had the longest stream.

Headscratcher: Thank you for the great conversation!

Scooter: I Just Wished More People Weren’t So Afraid To Be Patriotic

Scooter: I Know That Sounds Bad

LeeAnn: yes thanks for the discussion!

Scooter: But It’s Almost Against The Rules To Be Proud Of Your Country

Scooter: Metal

LeeAnn: I am Very Patriotic!!!

Scooter: I Know — I Found Alot Of People Really Are Patriotic

metalriff: afraid? dude we march in the memorial day parade rain or shine even if we are the only few, my kids speak and cemetary and read to the public

Scooter: Maybe It’s Just My Pessimism

Scooter: Lol

metalriff: honoring the fallen of all wars

Scooter: Nice….

Scooter: I Love It

Scooter: But Now Think About Your Neighbors

Scooter: Friends And Family

metalriff: anyhoo i hope i wrong and we get a crazy rv of 3 or higher

Scooter: And I Just See Alot Of People Taking It For Granted And Not Participating

Scooter: Like I Said

metalriff: yeah

Scooter: Perhaps Just Me

Scooter: Metal LOL LOL I Hope You’re Wrong Too Buddy

[MrRich]

That was great! Thanks Ron and Scooter and metalriff. This should be required reading for everybody who is concerned about the ability of Iraq to RV over $.01.

Edited February 17, 2011 by MrRich

[R2d2dc]

Good information, thank you!

[tgar]

Thanks Scoot and company. Terry

[Kinnie88]

Best chat I have seen in a long time. I too believe in the double RV theory. I plan to cash all in and then buy some dinars on the FOREX market

[HYDRANT]

thanks ron for the post&scooter your chats are always informative

[bobby_cahill]

Gotta give it up for Mr Scooter!

If not for his hard work, i doubt i would be as comfortable in this investment

Thanks for all that you do!

Semper Fi

[bluejay]

Scooter once again pulls me back to the positive, I don't know about everyone one else but it's been a little less exciting around here since the new year.....Thanks SCOOTER....

[kayaman]

Great analysis Scooter, Thanks for being around and the rest of DV team. This ME affairs and the changes we see now is bigger than the RV itself.....

[TimS]

Very good debate.........which confirms my feelings all along. When it Rv's it will do so at a reasonable rate that will not overwhelm the currency markets worldwide....something in the 5 to 35 cents range, which would be a boon to the Iraqi people. JMO

[wingsofhope]

Now that was good info, thanks Ron

[Slaydadea]

Very believable! Thanks Ron.

[wbuse984]

Thanks for the info Ron, great post...I am going to agree with Scooter on this one

[Texan49]

Thanks Ron for the post.

You can allways count on Scooter to bring solid information to the table..Thanks for keeping it real.

[Frank61]

That was great! Thanks Ron and Scooter and metalriff. This should be required reading for everybody who is concerned about the ability of Iraq to RV over $.01.

I like how you think and I agree.

[powerpager]

Good One Ron !!!

[frankc]

Ron, was this chat brought over from another site? Like chat #1 I don't recognize merry1 or metalriff.

Thanks for posting.

[muchodinaro]

Very good debate.........which confirms my feelings all along. When it Rv's it will do so at a reasonable rate that will not overwhelm the currency markets worldwide....something in the 5 to 35 cents range, which would be a boon to the Iraqi people. JMO

Wrong again! Scooter didn't buy into the 5 to 35 cents range, and neither do I. It will be $3.00 plus, just wait and see!