Washington worried about the situation in Iraq and abandon the protection of Iraqi funds

Tuesday, February 19 / February 2013
Baghdad / Orr News

A senior political source revealed about the intention of the U.S. administration to inform the Iraqi government a message that the U.S. government is concerned monetary and financial developments taking place in the country.

He said that the U.S. Embassy in Baghdad told the Iraqi government that the U.S. delegation from the U.S. Treasury, "financial" will arrive in Baghdad with a bank officials the U.S. Federal Reserve, "Federal Reserve" to inform the Iraqi government a message that the U.S. government is concerned about financial developments and current cash in the country.

The source, who preferred anonymity, said that the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq "DFI" of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government's decision not to renew according to an official letter.

The source pointed out that the U.S. administration has become concerned about the future of Iraq in light of the political pressure that the country is going through, stressing that they indicate a clear case of exclusion of several political components.

Was created Development Fund for Iraq DFI in May of 2003 by the director of the Coalition Provisional Authority was recognized, under Security Council resolution for the United MMA 1483 and after the dissolution of the Coalition Provisional Authority in June 2004, has been delegated the U.S. government by the Government of Iraq to manage funds of the Development Fund for Iraq, which was made ​​available to reconstruction projects, and the U.S. Defense Department, the administration of the said fund on behalf of the U.S. Government, authorization was withdrawn with effect from 31 December 2007.

The Iraqi government is keen to ensure that the extension of the work of the Fund, which was established in 2003 after the fall of Saddam Hussein in order to protect the revenue from sales of oil and natural gas in Iraq. Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, as well as freezing of large amounts of its assets financial in international banks.

http://translate.google.com/translate?langpair=auto%7Cen&u=http%3A%2F%2Furagency.net%2F
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Iraq is like a child that will never grow...or ever grow up!

Alas, I am afraid you are right Punisher. Which makes me wonder if they will ever be mature enough to get their financial issues in order. What really makes us think, that they have to? That there will ever be an RV? They have existed this long just the way they are, why not for the next 100 years?
Selling my dinar back is looking better and better.

I am just shocked we have come to March basically already and nothing ...

I told people that back in December, but nobody listened- It's gonna be alot longer, too, mark my words-As long as Maliki is in the picture, this ISN'T happening- Bank on it-:shock:

Don't think it's Maliki, but the only reason I am even thinking anytime soon is my wife has a "gut" feeling for mid March ... I have learned that when she feels she has maybe heard something from the Lord to go with it ...

Kevind53 wrote:Don't think it's Maliki, but the only reason I am even thinking anytime soon is my wife has a "gut" feeling for mid March ... I have learned that when she feels she has maybe heard something from the Lord to go with it ...

Thanks for the scoop. Your wife must work at the pentagon.

Yeah, Punisher, you defected and are therefore a traitor- I see you got into dinarrecaps- Giving up on your family here? Shame on you! You should be spanked! { Oh, wait a minute, you might like it}-

I saw that, too, terbo. For a second I thought punisher has been cheating on us!
I brought the whole exchange over for the ease of anyone who may have missed it on Recaps:

Kaperoni & Members Open Discussion - Post From Dinar Alert

02/19/2013
3 Comments



Washington worried about the situation in Iraq and abandon the protection of Iraqi funds

Tuesday, February 19 / February 2013 Baghdad / Orr News

A senior political source revealed about the intention of the U.S. administration to inform the Iraqi government a message that the U.S. government is concerned monetary and financial developments taking place in the country.

He said that the U.S. Embassy in Baghdad told the Iraqi government that the U.S. delegation from the U.S. Treasury, "financial" will arrive in Baghdad with a bank officials the U.S. Federal Reserve, "Federal Reserve" to inform the Iraqi government a message that the U.S. government is concerned about financial developments and current cash in the country. FULL ARTICLE & LINK BELOW

COMMENTS – QUESTIONS & REPLIES:

BUGSY: this is a little confusing {duh} seems we are not interested in protecting theyre worthless funds, but we will extend the protection to the worthless funds until May 2013. the only part that makes any sense is that whatever we're doing or not doing is because they have no stable goverment again {DUH}


LILBITOFLUCK: I don't understand the difference between the IMF standby agreement, these funds talked about here, and the 800 or so billion dollars that Iraq has in banks around the world.

PUNISHER: Is this the article we were waiting for saying there basically will be an extension...argh!

OLEMARTIN: No, read this part:

"the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq "DFI" of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government's decision not to renew according to an official letter."

This is a delegation visiting Iraq to explain to them how much money they will lose in May 2013 when we remove our hand of protection over the funds. If this happens, many countries and individuals will attempt to lay claim to these funds, including members of the Paris club after they rescind their agreements to forgive 80-100% of the debts. They are trying to wake up Maliki.

This represents billions of dollars of pressure on Iraq to make the necessary changes to join the world economy. Other articles here are discussing military threats as well. The world is pulling out the stops. We see the EU with a carrot and the US with more than one stick. Let's see if Mule-iki will finally respond.

Bugsy: problem is it doenst run out in May it runs out in 2 days

PUNISHER: With this and the 3 banks closing, something has got to give...or not, argh!

KAPERONI: DFI is simply Iraq's money they earn minus the budget expenses and 5% to Kuwait, Iraq has a lot of money protected around the world from creditors. The main reason the DFI was created (protection) is to give Iraq sufficient time to not only rebuild infrastructure, but to negotiate reasonable resolutions to all outstanding debts. That will expire in May, 2013 meaning Iraq needs to stand up and take care of themselves.

The IMF StandbyAgreement is a set of conditions and benchmarks that Iraq agreed to as a result of loans granted to them. It is also tied directly to almost 100 billion in debt forgiveness under the Paris Club. Various countries that Iraq owed money too as a result of the previous regime (Saddam).

In order for Iraq to rebuild, get the infrastructure rebuilt, etc. these countries agreed to forgive the debt if they followed the Plan (or a set of conditions and benchmarks). These benchmarks are being reviewed by the IMF under the SBA. So if Iraq fails to meet the conditions, they not only fail on the agreement with the IMF, but with the terms of the Paris Club.

The result could be anything from cancellation of agreement (fine) to re-instating all previous debt (100 billion US). This would take a pretty good whack at the funds being released in May if it happened.

We explain this in much more detail on our last 3 conference calls.

OLEMARTIN: Bugsy, not exactly. The Paris agreement negotiations have a deadline of Feb 23. After this date, the countries which have negotiated debt reductions have the ability to disavow their agreements.

I believe that some countries, such as perhaps Saudi Arabia, might move quickly, while others, such as the US have no real intentions of renegotiating (although since we decreased 100% of the debt, we could use this as another ploy). So, it could get very expensive for Iraq after the 23rd, if they do not convince the world that they are coming to the party and bringing their vast resources with them.

The world has no problem helping them to become a rich and powerful country -- they must, however, begin to work within the present financial framework and bring their abundant natural resources to a very hungry world.

After May when we release our protection of the large amounts (estimates vary) capital, it can be confiscated by those who have legitimate claims againt Iraq, including those owed to the Paris club participants who reinstate their debts. This pressure my friends... real grinding pressure.

PUNISHER: Basically, between the 23rd of Feb and May 13th...things will get intersting for Iraq, one way or another.

KAPERONI: Olemartin you said it! The US is making it clear, you get your act together now because your money is there for the taking come May, 2013

punisher wrote:

Kevind53 wrote:Don't think it's Maliki, but the only reason I am even thinking anytime soon is my wife has a "gut" feeling for mid March ... I have learned that when she feels she has maybe heard something from the Lord to go with it ...

Thanks for the scoop. Your wife must work at the pentagon.

Nope, she works for someone WAY higher ... way, WAY higher...

WOW...I feel powerful. Im in recaps! All hail PUNISHER!!!!!!!

Kevind53 wrote:

punisher wrote:

Kevind53 wrote:Don't think it's Maliki, but the only reason I am even thinking anytime soon is my wife has a "gut" feeling for mid March ... I have learned that when she feels she has maybe heard something from the Lord to go with it ...

Thanks for the scoop. Your wife must work at the pentagon.

Nope, she works for someone WAY higher ... way, WAY higher...

She works for Maliki

punisher wrote:

Kevind53 wrote:

punisher wrote:

Kevind53 wrote:Don't think it's Maliki, but the only reason I am even thinking anytime soon is my wife has a "gut" feeling for mid March ... I have learned that when she feels she has maybe heard something from the Lord to go with it ...

Thanks for the scoop. Your wife must work at the pentagon.

Nope, she works for someone WAY higher ... way, WAY higher...

She works for Maliki

Dude he wishes he was high enough to work for HER!

Well the 15th of next month is as good as any...

Punisher, you forgot to mention what year, I think anytime after January 1st, 2020-

terbo56 wrote:Punisher, you forgot to mention what year, I think anytime after January 1st, 2020-