Scooter: Good evening folks,
Scooter: I hope all is well and thank you for being here tonight!
Scooter: As we did last week, I am going to lay out some topics and links and then discuss several points related to that topic. At the end, I will take some questions and we’ll go from there.
Scooter: It’s a very exciting time for our mutual investment and tonight I would like to explain some of the reasons for that.
Scooter: With that said, let’s get started with tonight’s topics
Scooter: 1. Recent G8 and G20 Meetings – MENA Goals
Scooter: MENA — MIDDLE EAST AND NORTH AFRICA
Scooter: 2. Iraq’s Banking Reform
Scooter: 3. The TRIFECTA THEORY
Scooter: So the first little partyyyyyyyyyy in Paris France
Scooter: May 24th and 25th – G8 Meeting — Paris France
Scooter: GOOD STUFF COMING OUT OF THAT ONE !!
Scooter: May 26th and 27th – G20 Meeting – Paris France
Here’s the link: LINK
Scooter: DID YOU KNOW THAT 85% OF THE WORLDS OUTPUT COMES FROM THE G20 COUNTRIES.
Scooter: MAY 25TH and 26th
– OECD (Organization for Economic Co-Operation Development), Paris, France.
Ø The Briefing on Exchange Rate Developments
LINK
Scooter: If you’ve never checked this organization out, you might want to explore their site as they were very visible at the recent G8 meetings. Wonder Why???? Hmmmmmmm.
Scooter: Now, to address the recent G8 and G20 meetings and what is occurring as a result from that meeting.
Scooter: WE NEED TO GO BACK IN HISTORY A BIT TO UNDERSTAND THIS ONE.
Scooter: First item I would like to address is one of the overall goals of the United States. When we first went into Afghanistan and Iraq, one of the main goals was to eliminate Terrorism and its breeding ground in MENA (Middle East and Northern Africa). The most compelling methods to do this is through trade and strong economic growth plans for the regions. With that said, the concept was to secure Iraq and Afghanistan and have those two countries become incredibly successful.
Scooter: In Iraq, we all know about the oil, natural gas, agricultural potential, etc… In Afghanistan, the US wasn’t certain until recently when the US Geologicals came back recently and found over $1.0 Trillion worth of Lithium. You have to understand, Afghanistan’s GDP is only $12 Billion. There first Lithium order was well worth over $1Billion and they haven’t even started the mining. By the way, every laptop and cell phone uses lithium for their batteries
Scooter: The concept was to make these two countries the beacons of success and as a result the domino effect would occur with Iran, Syria, Libya, Tunisia, Egypt, etc…
Scooter: Now, this strategy was documented in some of the early RAND strategies from the first Gulf War. It was a similar strategy that disabled the former Communist Regimes in Russia. Just last week, we’re starting to see this strategy unfold at the recent G8 and G20 conference. Below are some of the items:
Scooter: 1. Letter from Secretary Timothy Geitner and Hillary Clinton on May 25th – here’s the beginning of the letter:
Scooter: Dear G-8 Colleagues,
As President Obama said on May 19, the courage of the people of the Middle East and North Africa has created an historic opportunity. This is a time for the region and the world to work together to support successful transitions toward democratic societies and more inclusive economies.
Scooter: I think you get the picture – The United States Industrial and Military Complex is an amazing team! I have to admit. It’s just stunning to watch this unfold, particularly when the ending was written twenty years ago…
Scooter: 2. Secondly, we see the G-8 Nations, Banks to give 40 Billion to Egypt and Tunisia – they call them the poster nations for Arab democracies
Scooter: 3. Egypt agrees to $3 Billion IMF Loan – Man does this Story sound familiar — ha ha
Scooter: My point in this story, as it relates to Iraq is very simple!!!!!!
Scooter: IRAQ MUST BE SUCCESSFUL!!!!!!!!!!!!!!!!!!!!!!!!!
Scooter: IF IRAQ FAILS, THERE GOES THE WHOLE REGION AND WE ALL KNOW WE CAN’T TOLERATE THAT HAPPENING. AS A RESULT, WHAT NEEDS TO BE THE CADALYST BEHIND IRAQ’S SUCCESS – A COMPELLING ECONOMIC EXPLOSION CALLED THE REEVALUATION OF THE IRAQI DINAR.
Scooter: Again, truly amazing to watch this unfold from a story written twenty years ago – almost verbatim .
Scooter: So, we have a regional transformation – one of the many important keys to success is the improved living standards in Iraq.
Scooter: So why is June so compelling for our mutual investment?
Scooter: So why is June so compelling for our mutual investment?
Scooter: SORRY
Scooter: So glad you asked.
Scooter: 1. June 30th — Full release of DFI Fund under UN control to United States Treasury
Scooter: I think we all know how this came down. The Presidential Order was signed on May 22nd to extend the Order of protection of those funds until further evaluation on June 30th, 2011. If the Iraqi’s didn’t play ball, the President would have released the Funds and the US courts would have “ILLIQUIDATED” Iraq instantly with a fat $100, 073, 000,000 Bill. After Zebari told Parliament this information, they had a change of heart and they played ball.
Scooter: The fund will be transferred and under the protection of the US Treasury and nobody will be able to touch those funds and Iraq will be allowed to grow and become more prosperously.
Scooter: Since the US pretty much controls the UN, IMF, IAU, etc… — all other rules have fallen out of the way.
Scooter: 2. June 30th — Iraq’s Banking Reform – Link to article: LINK
Scooter: I love this one because the banking reform is something that nobody is talking about and it happens in June. Here’s some excerpts:
Scooter: Restructuring of state-owned Iraqi banks to be completed in June 2011
Scooter: Posted on 2 Apr 2011
Scooter: The Central Bank of Iraq (CBI) and the Ministry of Finance indicated that the restructuring of the balance sheets of the two largest state-owned banks, Rafidain Bank and Rasheed Bank, will be completed at the end of June 2011.
Scooter: The restructuring plan is being implemented by a Bank Reconciliation Unit (BRU), chaired by the CBI, with the participation at a technical level of staff from the CBI, the Ministry of Finance and other stakeholders. The BRU’s objectives are to deal with the legacy assets and liabilities of the previous regime to identify and propose to write-off non-performing loans to defunct state-owned enterprises to propose a course of action for other remaining un-reconciled accounts and to revalue the remaining foreign currency denominated balance sheet items.
Scooter: In parallel, the Finance Ministry said it will continue to modernize the two banks by moving ahead with the plans for their operational restructuring, so they can operate on a fully commercial basis and on market terms, and the government will refrain from directing any lending.
Scooter: It added that the decision to recapitalize Rafidain and Rasheed will not be made until the restructuring of their balance sheets has been completed and adequate progress has been made in their operational restructuring, especially by establishing an appropriate governance structure and strengthening risk management and control tasks.
Source: International Monetary Fund – Byblos Bank
Scooter: ESSENTIALLY,
Scooter: THEY ARE REEVALUATING THEIR TWO GOVERNMENT BANKS
Scooter: THE IMF IS RECAPITALIZING THEM
Scooter: ALL SUSPENCE ACCOUNTS REMOVED
Scooter: AND BRAND SPANKING NEW BALANCE SHEETS
Scooter: ALL COURTESY OF THE UNITED STATES AND THE IMF
Scooter: NOW
Scooter: IF THEY ARE RV’ing THE TWO BANKS THAT DO 90% OF THEIR BANKING
Scooter: WHAT DO YOU THINK THEY WILL NEED TO DO TO THEIR CURRENCY ?
Scooter: I KNOW, I KNOW — WAY TOOOOOOO COOOOOL,!!!
Scooter: FINALLY,
Scooter: 3. July 11th – Paris Club Debt Payments begin until 2028
Scooter: THIS MUST BE DONE ELECTRONICALLY WITH INTERNATIONALLY RECOGNIZED CURRENCY
Scooter: I THINK THEY WOULD NEED TO GET THE RV DONE SOMETIME IN JUNE — JUST MY OPINION OF COURSE
Scooter: WITH THOSE BRIEF ITEMS
Scooter: I WOULD LIKE TO OPEN THIS UP TO QUESTIONS FOR A COUPLE OF MINUTES
Scooter: BEFORE DOING THAT HOWEVER
Scooter: LINK
Scooter: THAT IS THE MASTER LINK TO THE WHOLE TRIFECTA THEORY
Scooter: ALL 32 IMAGES AND CHAPTERS ARE SITTING RIGHT THERE — YOU CAN DOWNLOAD ALL YOU WANT
Scooter: EVEN ZOOM IN
Scooter: OK — NOW TO THE QUESTIONS
paradise99: Thanks Scooter for filling in tonight so DD can enjoy his birthday with the family. We appreciate you sharing your information with us!
Scooter: YOU ARE VERY WELCOME — HE BETTER SAVE SOME CAKE FOR ME ….. THANK YOU AGAIN FOR THE COMMENT
classictrucker: Scooter – where does the money come from when it’s time to cash out? Can’t imagine all the millions that will be paid …
Scooter: IN THE US — THE BANKS WILL SEND TO THE FED — THEN — THE US GOVERNMENT WILL USE THOSE FUNDS IN SEVERAL WAYS — MOST LIKELY THEY HAVE STRUCK A DEAL USING THE BIS (BANK OF INTERNATIONAL SETTLEMENT). THERE, CURRENCY TAKES ON DIFFERENT SHAPES — LIKE OIL AT $30 A BARREL
morrison: would our govt offer a higher rv rate only available stateside in an effort to raise higher taxes..and couldn’t that be done immediately?
Scooter: NO — THE US WILL TRY TO DRIVE THE PRICE DOWN TO INCREASE THE NEGOTIATED MARGIN — NO FEARS HOWEVER, THE ROW (REST OF WORLD) HAS ALREADY HEDGED AGAINST THAT SCENARIO
foxy: Heard rumors that RV is to happen tonight or tomorrow. Can you shed some light on this?
Scooter: I WOULD SAY IT COULD HAPPEN ANYTIME — AND I MEAN ANYTIME !
dinarinvestor: Understanding that this Iraq plan has been twenty years in the making, is this to mean that Afhghanistan, libya, etc will follow suit down the road in regards to an RV if everything goes to plan….thanks for all this valuable information I have learned a lot
Scooter: GOOD QUESTION — I THINK THOSE ARE COUTRIES RICH IN NATURAL RESOURCES AND SOMETHING THAT I AM LOOKING INTO RIGHT NOW — VERY GOOD QUESTION
dreamzmadeforever: doesnt iraq kinda have to RV by june 30th? or the consequences for not doing so would basically cripple them economically?
Scooter: AHHHH — I LOVE THIS QUESTION — TO TELL YOU THE TRUTH — IMO — THE CONTROLS HAVE BEEN OUT OF IRAQ’S HANDS FOR THE LAST 8 WEEKS — BIG $$$$$ HAS THE BALL RIGHT NOW — THE MARGINS ARE THE SPOT OF CONTENTION — IMO
DADDYSMACK: COULD ANY OF THESE IMPORTANT DEADLINES BE CHANGED TO LATER…OR ARE THEY SOMEWHAT SET IN STONE ??
Scooter: GOOD QUESTION: THE SIMPLE ANSWER IS NO — WHY? – BECAUSE THE PRESIDENT ALREADY SIGNED THE EO — THAT WAS THE NEGOTIATING TOOL TO GET THE IRAQI’S TO MOVE FORWARD WITH THE PLAN — SECONDLY — THE WITHDRAWAL AGREEEMENT OR LETTER OF INTENT HAS BEEN SIGNED !!!
shasting: If it doesn’t RV in June what would your next projection be?
Scooter: OCTOBER
Buddy_: Scooter what is the downside for Iraq if their currency is still the same value come July 1, 2011 as it is now?
Scooter: THE IRAQI PEOPLE WILL CONTINUE TO SUFFER — VIOLENCE IN IRAQ — COULD SPREAD THROUGHOUT — THE WORLD WANTS THIS EXPERIMENT TO WORK — TO MUCH STOCHASTIC STRENGTH BEHIND THIS ONE — I FIRMLY BELIEVE THIS WILL OCCUR
raghead1: what do you think the rate will be Rudy and Breitling say ;;Rudy 1.52-2.20 and Breitling 1.00-1.20
Scooter: WHEN I FIRST GOT INTO BUILDING THE RATE MODEL — THE VERY SWEETEST SPOT OF ALL WAS $1.92 — IT ALLOWED THE IRAQI’S TO GLIDE INTO THE GCC WITH ECONOMIC STRENGTH AND THE INVESTMENT WORLD COULD MAKE MONEY WITH IT
Scooter: I THINK THOSE RATES ARE VERY REALISTIC GIVEN THE RECENT CHANGES AT THE IMF
sogoddess: Do you feel the effects of the Trifecta theory will be alleviated by the RV?
Scooter: WOW — I THINK THE RV IS ONE COMPELLING PIECE OF THE TRIFECTA!! THE OTHER PEICE IS CHINA REVALUING THEIR CURRENCY — THERE WILL BE A GLOBAL SHIFT ECONOMICALLY THAT WILL BE FELT EVERYWHERE. NOW THE QUESTION IS : WILL THE US REAP THE REWARDS OF THIS INVESTMENT
Scooter: OK — LAST QUESTION
xevious: post RV what do you think about the amount of money coming in for investments ie. stock market etc. Should be a boost, but sometimes what I think and what really happens are two different thngs.
Scooter: IN IRAQ — I SEE THE BANKING SECTOR EXPLODING — CONSTRUCTION SECTOR BEING NEXT — THEY ARE BUILDING OVER 1 MILLION HOMES — GOOD QUESTION, BUT REMEMBER, EVERY COUNTRY MUST BUILD THE BANKING SECTION FIRST — IT’S THE FOUNDATION FOR GROWTH IN ANY ECONOMY ….
Scooter: OK FOLKS — MY TIME IS UP AND i MUST DEPART
Scooter: I HOPE YOU ENJOYED THE CHAT TONIGHT AND I LOOK FORWARD TO CHATTING NEXT WEEK AS WELL!
Scooter: GOOD NIGHT AND BEST REGARDS
Dinar Daddy Chat~
LINK
