[Scooter] the founding docs state it specifically -- just look at the state department
[p2motive] reminds --me
[Scooter] under iraq
[Dreamin2010] Bumper64 get em
[Scooter] they even show the pics
[p2motive] of
[gwright] p2motive stop or be booted!
[Scooter] of the current currency
[Scooter] in section one
[Scooter] NOW
[Scooter] with that said
[Bumper64] Dreamin2010 I am going to start putting them out of the room!!
[Scooter] they worked hard
[Scooter] to reduce their debt since that time
[Scooter] and as we speak they have been preparing for the paris club
[Scooter] debt reduction
[Scooter] which amounted to greater than 130 billion
[Scooter] BUT
[Scooter] the neigboring arab countries
[Scooter] are owed more all combined
[Scooter] many people don't know that
[Scooter] as a result
[Scooter] they begin payments
[Scooter] in july 2011
[Scooter] no exceptions
[Scooter] and they cannot do this
[Scooter] without the 2011 budget
[Scooter] this budget gets interesting right
[Scooter] NOW
[Scooter] because the parliment can agree upon the budget
[Scooter] but right now
[Scooter] what you see in the backjground
[Scooter] is the mof
[Scooter] working this budget with the council of ministers
[Scooter] and they have preliminary agreement
[Scooter] but still not public
[Scooter] the point being is this
[Scooter] all that debt
[Scooter] all of the outstanding derivative contracts
[Scooter] which by the way
[Scooter] were due today
[Scooter] at 5:00 pm est
[Scooter] SO
[Scooter] if your not aware
[Scooter] those derivatives are much bigger than we think
[Scooter] let me give an example
[Scooter] recently iraq
[Scooter] purchased 40 737 juest
[Scooter] jets f
[Scooter] from Boeing
[Scooter] there were contracts related to this basing itself on this type of order
[Scooter] it's an insurance policy that locks the rate
[Scooter] that's a basic summation
[Scooter] but the point is
[Scooter] these items are based on the new rate
[JBrookes] I don't know how either
[Scooter] YES
[Scooter] jbrookes
[Scooter] hello
[JBrookes] sorry
[Scooter]
[Scooter]
[Scooter] too funny
[JBrookes]
[Scooter] SO
[caveman] Scooter rv tomorrow
[Bumper64] caveman hold typing please
[Scooter] let's go to the next section to support this rv occuring
[Scooter] the actual budget law
[Scooter] http://translate.googleu ••• xazifb3g
[Scooter] that takes you to the nahrain site
[Scooter] make sure you have google translate or something similar
[Scooter] great site for the laws and latest
[Scooter] the reason this plays obviously is because they based their new budget
[Scooter] on the brand new cpi
[Scooter] iraq introduced
[Scooter] cpi -- consumer price index
[Scooter] it gauges the prices of products goods, and services
[Scooter] for the iraqi people
[Scooter] inflation uses the cpi bases
[Scooter] as a gage for price increases
[Scooter] NOW
[Scooter] this cpi is huge too
[Scooter] because it's all based
[Scooter] sorry
[Scooter] the rate
[Scooter] is based on cpi factors
[Scooter] this cpi was deployed in march
[Scooter] so there's two very strong indicators this rv will occur
[Scooter] here's one of my favorites
[Scooter] however
[Scooter] the disbursements
[Scooter] http://i894.photobucket. ••• PAGE.swf
[Scooter] check that page out
[Scooter] before any country can deploy this type of re-evaluation
[Scooter] they need to prepare the infrastructure for the local authorities
[Scooter] this money came from the drainage funds since 2006
[Scooter] and were distributed specifically this year for the rv
[Scooter] here's another one that was mentioned in imf docuements for the past
[Scooter] the smart cards
[Scooter] here's the real indicator
[Scooter] this is the ration card
[Scooter] the iraqis have been using
[Scooter] NOW
[Scooter] how can they distribute this card
[Scooter] in a like for like manner
[Scooter] where it was valued at 1250 iqd
[Scooter] and now
[Scooter] valued at 250
[Scooter] that's a tremendous drop of services for a country that's supposed to increase their value of services
[Scooter] another item
[Scooter] the pensions
[Scooter] the imf required the iraqi
[Scooter] iraqi's
[Scooter] to update the pension funds based ont the new cpi
[Scooter] thus
[Scooter] the new rate
[Scooter] here's another one
[Scooter] does anybody remember when the iraqi's supposedly took
[Scooter] 70% of their liquidity out of the market
[Scooter] it was a couple of months ago
[caveman] 2 questions do they have to RV this year? how do we know this
[lambert] april?
[Scooter] nevertheless
[Scooter] could have been april
[Scooter] thanks
[Scooter] now --- goto this link
[Scooter] http://www.mof.gov.iq/ar ••• &sid=896
[Scooter] that is an allocation
[Scooter] and one of many
[Scooter] specifically geared toward providing credit
[Scooter] to the citizens
[Scooter] and build over 100,000 houses
[Scooter] remember the goals of the plan
[Scooter] whether you want to believe or not
[Scooter] the plan is meant for the iraqi people
[joeymax] Hello all!!!
[Scooter] and insure peace in the future int he middle east
[Scooter] now --- i put this together in the last 15 minutes
[Scooter] so there's plenty more information out there regarding this rv
[Scooter] it will occur
[stnkng1] scooter do you believe this will RV on or before the 12th?
[Scooter] i have no doubt
[bodeen] Scooter Will the CPI control the rate??? And the rate on the smart cards???
[wbuse984] Scooter ... AWESOME... you da man ... you can have keeps bud light
[Scooter] i just don't know when
[p2motive] reminds --me
[Scooter] under iraq
[Dreamin2010] Bumper64 get em
[Scooter] they even show the pics
[p2motive] of
[gwright] p2motive stop or be booted!
[Scooter] of the current currency
[Scooter] in section one
[Scooter] NOW
[Scooter] with that said
[Bumper64] Dreamin2010 I am going to start putting them out of the room!!
[Scooter] they worked hard
[Scooter] to reduce their debt since that time
[Scooter] and as we speak they have been preparing for the paris club
[Scooter] debt reduction
[Scooter] which amounted to greater than 130 billion
[Scooter] BUT
[Scooter] the neigboring arab countries
[Scooter] are owed more all combined
[Scooter] many people don't know that
[Scooter] as a result
[Scooter] they begin payments
[Scooter] in july 2011
[Scooter] no exceptions
[Scooter] and they cannot do this
[Scooter] without the 2011 budget
[Scooter] this budget gets interesting right
[Scooter] NOW
[Scooter] because the parliment can agree upon the budget
[Scooter] but right now
[Scooter] what you see in the backjground
[Scooter] is the mof
[Scooter] working this budget with the council of ministers
[Scooter] and they have preliminary agreement
[Scooter] but still not public
[Scooter] the point being is this
[Scooter] all that debt
[Scooter] all of the outstanding derivative contracts
[Scooter] which by the way
[Scooter] were due today
[Scooter] at 5:00 pm est
[Scooter] SO
[Scooter] if your not aware
[Scooter] those derivatives are much bigger than we think
[Scooter] let me give an example
[Scooter] recently iraq
[Scooter] purchased 40 737 juest
[Scooter] jets f
[Scooter] from Boeing
[Scooter] there were contracts related to this basing itself on this type of order
[Scooter] it's an insurance policy that locks the rate
[Scooter] that's a basic summation
[Scooter] but the point is
[Scooter] these items are based on the new rate
[JBrookes] I don't know how either
[Scooter] YES
[Scooter] jbrookes
[Scooter] hello
[JBrookes] sorry
[Scooter]
[Scooter]
[Scooter] too funny
[JBrookes]
[Scooter] SO
[caveman] Scooter rv tomorrow
[Bumper64] caveman hold typing please
[Scooter] let's go to the next section to support this rv occuring
[Scooter] the actual budget law
[Scooter] http://translate.googleu ••• xazifb3g
[Scooter] that takes you to the nahrain site
[Scooter] make sure you have google translate or something similar
[Scooter] great site for the laws and latest
[Scooter] the reason this plays obviously is because they based their new budget
[Scooter] on the brand new cpi
[Scooter] iraq introduced
[Scooter] cpi -- consumer price index
[Scooter] it gauges the prices of products goods, and services
[Scooter] for the iraqi people
[Scooter] inflation uses the cpi bases
[Scooter] as a gage for price increases
[Scooter] NOW
[Scooter] this cpi is huge too
[Scooter] because it's all based
[Scooter] sorry
[Scooter] the rate
[Scooter] is based on cpi factors
[Scooter] this cpi was deployed in march
[Scooter] so there's two very strong indicators this rv will occur
[Scooter] here's one of my favorites
[Scooter] however
[Scooter] the disbursements
[Scooter] http://i894.photobucket. ••• PAGE.swf
[Scooter] check that page out
[Scooter] before any country can deploy this type of re-evaluation
[Scooter] they need to prepare the infrastructure for the local authorities
[Scooter] this money came from the drainage funds since 2006
[Scooter] and were distributed specifically this year for the rv
[Scooter] here's another one that was mentioned in imf docuements for the past
[Scooter] the smart cards
[Scooter] here's the real indicator
[Scooter] this is the ration card
[Scooter] the iraqis have been using
[Scooter] NOW
[Scooter] how can they distribute this card
[Scooter] in a like for like manner
[Scooter] where it was valued at 1250 iqd
[Scooter] and now
[Scooter] valued at 250
[Scooter] that's a tremendous drop of services for a country that's supposed to increase their value of services
[Scooter] another item
[Scooter] the pensions
[Scooter] the imf required the iraqi
[Scooter] iraqi's
[Scooter] to update the pension funds based ont the new cpi
[Scooter] thus
[Scooter] the new rate
[Scooter] here's another one
[Scooter] does anybody remember when the iraqi's supposedly took
[Scooter] 70% of their liquidity out of the market
[Scooter] it was a couple of months ago
[caveman] 2 questions do they have to RV this year? how do we know this
[lambert] april?
[Scooter] nevertheless
[Scooter] could have been april
[Scooter] thanks
[Scooter] now --- goto this link
[Scooter] http://www.mof.gov.iq/ar ••• &sid=896
[Scooter] that is an allocation
[Scooter] and one of many
[Scooter] specifically geared toward providing credit
[Scooter] to the citizens
[Scooter] and build over 100,000 houses
[Scooter] remember the goals of the plan
[Scooter] whether you want to believe or not
[Scooter] the plan is meant for the iraqi people
[joeymax] Hello all!!!
[Scooter] and insure peace in the future int he middle east
[Scooter] now --- i put this together in the last 15 minutes
[Scooter] so there's plenty more information out there regarding this rv
[Scooter] it will occur
[stnkng1] scooter do you believe this will RV on or before the 12th?
[Scooter] i have no doubt
[bodeen] Scooter Will the CPI control the rate??? And the rate on the smart cards???
[wbuse984] Scooter ... AWESOME... you da man ... you can have keeps bud light
[Scooter] i just don't know when