Found how to recover Your iTunes backup.
Spent days going over dozens and dozens of pages and link with really bizar explanations. Even tried loading a 3rd party recovery software.
Here very well hidden is the link that will allow you to reload your backup to a fresh reinstall of iTunes: Back up your iTunes library by copying it to an external drive - Apple Support you will need to click while hold down the shift key..another clever apple trick to keep information from users.