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SCOOTER POST 12-06-2011

Carrello

By Carrello,
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Carrello Rising Star

Carrello

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Tuesday, December 6, 2011

SCOOTER POST: IRAQI WITHDRAWAL AGREEMENT AND SOVEREIGNTY

Hi Folks,

I hope this finds you well. Tonight I want to broach a topic which has caused great confusion within the Dinar community. In essence, the ultimate question in regards to Iraq has to be ARE THEY A SOVEREIGN NATION WHEN UNDER THE CHAPTER 7 UMBRELLA?

Here's some items to consider as this is truly a grey area when considering the RV.

WITHDRAWAL AGREEMENT: The Withdrawal Agreement signed between the United States and Iraq clearly indicates the US will push for Iraq's exit from Chapter 7. Technically, when the United States departs from the country, the Iraqi's are a completely SOVEREIGN country.

IMF COUNTRY REPORTS: The IMF Executive Directors underpinned the structural changes so that regardless of who was elected into office from the last election, the process to reform Iraq's banking and monetary policies wouldn't be disrupted. Iraq has fulfilled a large portion of those requirements and the final move would be the Revaluation of the the two major government banks, Rafadain and Rasheed. The CPI has been restructured and has been waiting in the wings to be engaged throughout the country. Remember, the IMF has 85% voting rights to determine the PAR value each member countries currency. The country could Revalue the currency without IMF approval, but life would be very difficult for that country if the IMF disapproves of that move. Trade and WTO membership would be virtually impossible.

VP BIDEN: The Vice President clearly refers to Iraq as a Sovereign nation and we know the troops will all be departed from the country, with the exception of the a few advisers which will work under the State Departments umbrella.

CHAPTER VII: Technically, they are still under Chapter VII, largely because the Kuwaitis haven't budged in their position or are playing "hardball" and want more cash compensation from the damage done from the Iraqi invasion. All other items appear to be satisfied except that one Kuwaiti issue. One thing is clear by the statements below, the issue is not resolved.

With that said, can Iraq ReValue their currency if still under the Chapter VII umbrella? I don't know the answer to that question but I do know that ANYTHING CAN HAPPEN, particularly with the United States "driving the car." If the United States truly wanted this currency to ReValue, they could make it happen, particularly with the strong influence in the UNSC and the IMF. So, what's the hold up? Not certain, but it should be interesting to watch unfold. Perhaps there's a US Election angle that isn't being explored -- one never knows!

Below, I have provided the recent Withdrawal Agreement, statements from Vice President Biden, and a history of the Iraqi situation from the New York Times.

CLICK IMAGE FOR FULL SIZE VIEWING

Have a great evening,

Scooter

Edited by Carrello
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RodandStaff Rookie

RodandStaff

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Thanks Carrello... I miss them Scooter drive by's! wink.gif

There are so many pieces in this puzzle, and I don't think we will figure it all out until after the fact... meaning it can do anything.... anytime! I think it will be sooner than later though.... imo! smile.gif

Come on boyz... gitter dun!!!biggrin.gif

GO RV Already Baby!!!cool.gif

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lakeliving Newbie

lakeliving

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Perhaps there's a US Election angle that isn't being explored -- one never knows!

This has been my thought all along. Obama needs an RV closer to the election.

I do not believe Iraq has to be out of chapter 7 to RV. I think it can come at any time now. Will it? I have no freakin clue.

I heard that they don't need to out of chapter 7 to RV also.

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BrokeNoMore Newbie

BrokeNoMore

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This has been my thought all along. Obama needs an RV closer to the election.

I heard that they don't need to out of chapter 7 to RV also.

I heard from a source that I can't name that heard from a source that she can't name that knows somebody high up who said Biden asked for another extension and Shabbibi said "no."

Seriously, I did. I means nothing. :D :D :D

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Carrello Rising Star

Carrello

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I heard from a source that I can't name that heard from a source that she can't name that knows somebody high up who said Biden asked for another extension and Shabbibi said "no."

Seriously, I did. I means nothing. :D :D :D

Broke, are you saying that Scooter's information means nothing?

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Maggie123 Newbie

Maggie123

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If things keep moving at this pace, we should surely hit that "sweet spot" we've all been waiting for! Always enjoy a scooter drive by!

Just by luck, a couple of months ago I got in on a conference call with Scooter and Enoche... Scooter said a "sweet spot" for Iraqs RV would be $2.25! Just gotta love that guy! wub.gif

Thank You Carrello for bringing it over. th_smiley_two_thumbs_up.gif

Keeps I guess your mentor missed the "memo" lol

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cooked Newbie

cooked

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Just by luck, a couple of months ago I got in on a conference call with Scooter and Enoche... Scooter said a "sweet spot" for Iraqs RV would be $2.25! Just gotta love that guy! wub.gif

Thank You Carrello for bringing it over. th_smiley_two_thumbs_up.gif

Keeps I guess your mentor missed the "memo" lol

I remember Scooters "sweet spot" was .86-1.17. I wonder what changed his mind. Could it be the same info the caused Adam to rethink his rate guess? I don't know how it could hit 2.25 but I'll surely take that.

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Maggie123 Newbie

Maggie123

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I remember Scooters "sweet spot" was .86-1.17. I wonder what changed his mind. Could it be the same info the caused Adam to rethink his rate guess? I don't know how it could hit 2.25 but I'll surely take that.

Cooked I know! My jaw dropped ohmy.gif and he could very well be thinking about a different rate by now but that is what he said his research was supporting at that time. What this recent post from him does confirm is that he still thinks positive about an RV...

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