4:21 PM [scotti g] Now you all know that I tend to be conservative in what I present to the family of OOM. I am not trying to build myself up in any way or shape. I read a comment from someone a couple of days ago who stated I only had one contact before he so graciously provided me an avenue to share. I then hear that the author of that comment repeat that to me at which time I had to set the record straight. Well let me state first of all that I had numerous sources of information that I was able to draw from and develop a fair grasp of actual happenings before I came to the Dewy Round Table. I am blessed with a large dose of common sense, a sharp mind and the mercy and grace of the Lord. I do not claim to be the only source for information but I am pretty good at feeling out the veracity of information time and time again. So here I go trying to make sense of it
4:22 PM [scotti g] sense of it all... more coming
4:22 PM [scotti g] Having said all that let me address some of the information that came out on the CC last night. For over six months now I have shared with everyone about the Global System Tests that are done in the banking community. These rates are all over the board. They could be as low as let’s say $00.86 to $17.00 or higher. Why does everyone get so excited when someone sees such a large figure on a bank screen? First of all it is not realistic to think that the IQD will be adjusted to $5, $7 or $17. Common sense and a little understanding of the dynamics in the ME region will tell you that the rate will be near to that of Kuwait. The agreements between Iraq and Kuwait as well as the guidelines from the IMF dictate that the rate will likely be between $3.60 and $4.50. Personally I believe the final rate will end up near to $4.15 - $4.40 to the USD. It is very possible that Iraq might come in at a lower rate for a short period in an effort to remove some of the ‘three zeros’ (getting these 3 – zero notes off the street will take a couple of years to complete) and then bring the currency more in line with the wishes of CBI Governor Shabibi.
Read More Link on Right
4:23 PM [scotti g] When will we go to the banks to cash in? We will cash in when the rates are in all the banks all around the world. We will likely know within minutes of the RV that it is happening or has just happened. Why do so many people get themselves worked up and in a frenzy every time someone has a bank story or someone claims their source told them we will be cashing in at such and such a time? This is nuts and I am quite frankly surprised that we are still addressing this. I am awaiting information from inside the Parliament right now to verify some rumors that have surfaced since last evening relative to Maliki and the Ebril agreement. I am confident that the rumor is just that, but it still requires our attention to verify. I have just received that the rumor is just that and all is well there!
4:23 PM [scotti g] I have told everyone at OOM that I believe we are in the window to see the RV. I still believe that. How far out could it be ……? I do not think too far. We could see it this weekend and at the bank possibly by Monday!!!!! But it is entirely possible that it might be a little further down the road. I definitely see this done in the not too distant future. SO REMEMBER: THIS IS NOT A SPRINT RACE,,,,,IT IS A MARATHON AND WE MUST NOT WASTE OUR ENERGY ON STUPID STUFF! I know there are so many who really need this to come to an end. Don’t give up and do not quit. A fellow investor for whom I had a lot of respect was near to quitting recently. He was going to sell his Dinar. I talked him off of that ledge and he is back in the fold so-to-speak! Please use reason and responsible thinking when dealing with information. Remember this statement from Scotti G…..you must verify information before you believe it! You can’t believe rumors. They have to be verified and proven to be truth or the information is like so much we hear ……useless nonsense! We must “Trust but verify”. Like I have repeated time and time again….”We are dealing with Iraq” That pretty much sums things up! Be patient and be helpful! It will happen when it happens!
4:24 PM [scotti g] here is the link to the post I just shared. You will also find comments from Governor Bear!