Mocha posted an article in the UN thread that is an interview with the Iraq Foreign Minister. This is probably the best article that she has found to date. If you really want to understand all the issues involved this is a must read. After reading this article I am going to toss some ideas out for consideration and let’s see where it goes.
With all the articles, research and discussions over the last several months, an idea has slowly been developing as to a possible reason why there has not been an RV. Let’s take a step back and look “as CK would say" from outside the box.
In Mocha’s article the Foreign Minister covers the history of how Iraq has arrived at where they are today. He discusses the impact on Iraq from all the sanctions and UN control of his country.
“Initially, with the Iraqi invasion of Kuwait in 1990 unilateral decision by President Saddam Hussein had nothing to do with the Iraqi people in it. The impact forced the Security Council, the highest authority in the United Nations to put Iraq under the provisions of Chapter VII of the Charter of the Organization, which includes countries that threaten international peace and security and the international community has the right to use military means, economic and political of all against this state and all of these measures have been applied and paid for the Iraqi people.”
He discusses the importance of removing Iraq from the control of the UN by eliminating Chapter VII.
“After 19 years on this measure, Iraq is trying to rise and the lifting of the paste of the charges, but faces critical to break out of the provisions of Chapter VII, which is very essential step in shaping the political and economic future both in the short and long term.”
He also addresses what will be required to accomplish the removal of Chapter VII. “Is needed for two things:
“the first settlement of all decisions taken by the Security Council Tsainiat since the last century until 2003, a joint effort between Iraq and the States and organizations concerned by these decisions in coordination with the UN in which we expect to play a major role in achieving that.”
“second thing, the result is The first implementation is a decision of an international meeting of the Security Council lift Iraq from Chapter VII, and this resolution requires the consent of the States permanent members of the Security Council, namely: the United States, Britain, France, Russia and China without a veto from anyone.”
Now, here is where it really gets interesting.
“After signing the security agreement between Baghdad and Washington on December 15 (December) of 2008, the United States promised Iraq by removing it from the Chapter VII, is scheduled to convene Security Council to this effect in mid-June (June) to discuss in this case.”
Another article was posted yesterday regarding the involvement of individuals and banks in the implementation of the new dinar. The IMF devalued the dinar when the new currency was introduced. Why would that have occurred when Iraq had major resources in oil and gas to support a higher value? Why make the dinar basically worthless to the Iraqi community. I believe that it is obvious from posted articles and the history of the new dinar itself that there was a major game plan from the onset to use the dinar as an investment tool. I remember when I first became involved with the dinar two years ago the number of references to Bush saying the war would be paid for. The only way that could happen is to make the dinar worthless, allow the investors and countries to purchase and then reval.
So what happened to the game plan? We have received very credible intel over the last few months regarding the status of the RV within the banking community. When I say credible, I am referring to information that was confirmed by different sources all basically stating the same thing, not the majority of the rumors. There is also the issue of the world economy to include the US. I don’t believe that anyone would argue that the RV would be a huge economic boost. Iraq requested the US continue the immunity of their funds to May 2010 despite the fact that the UN resolution is scheduled to end December 2009. The president had to sign an extension of the Executive Order as long as Chapter VII is still in effect, but he did not have to extend the date to 2010. So why has there not been an RV?
Iraq has been extremely vocal over the last few weeks regarding Chapter VII. More so than any time that I have seen over the last two years. They want out from under Chapter VII but they still want immunity on their funds. They want to terminate paying 5% of their revenues to a compensation fund. They want the balance of the debt for compensation eliminated. They want full economic and international status. They have taken a hard stance with Kuwait to even stating that Kuwait should pay Iraq compensation for allowing the occupation forces to use Kuwait for the invasion. They are actively promoting their case with the UN and Security Council representatives. They are demonstrating that they are going to use every effort and resource to accomplish the elimination of Chapter VII.
So what leverage does Iraq have that can be used to get want they want? What is the one thing that sets them apart from other Middle East countries that have the same resources in oil and gas? A currency that can be revalued. That is their ace in the hole.
Is it possible that Iraq has “bowed up” and said nope, not until we get what we want.
With all the articles, research and discussions over the last several months, an idea has slowly been developing as to a possible reason why there has not been an RV. Let’s take a step back and look “as CK would say" from outside the box.
In Mocha’s article the Foreign Minister covers the history of how Iraq has arrived at where they are today. He discusses the impact on Iraq from all the sanctions and UN control of his country.
“Initially, with the Iraqi invasion of Kuwait in 1990 unilateral decision by President Saddam Hussein had nothing to do with the Iraqi people in it. The impact forced the Security Council, the highest authority in the United Nations to put Iraq under the provisions of Chapter VII of the Charter of the Organization, which includes countries that threaten international peace and security and the international community has the right to use military means, economic and political of all against this state and all of these measures have been applied and paid for the Iraqi people.”
He discusses the importance of removing Iraq from the control of the UN by eliminating Chapter VII.
“After 19 years on this measure, Iraq is trying to rise and the lifting of the paste of the charges, but faces critical to break out of the provisions of Chapter VII, which is very essential step in shaping the political and economic future both in the short and long term.”
He also addresses what will be required to accomplish the removal of Chapter VII. “Is needed for two things:
“the first settlement of all decisions taken by the Security Council Tsainiat since the last century until 2003, a joint effort between Iraq and the States and organizations concerned by these decisions in coordination with the UN in which we expect to play a major role in achieving that.”
“second thing, the result is The first implementation is a decision of an international meeting of the Security Council lift Iraq from Chapter VII, and this resolution requires the consent of the States permanent members of the Security Council, namely: the United States, Britain, France, Russia and China without a veto from anyone.”
Now, here is where it really gets interesting.
“After signing the security agreement between Baghdad and Washington on December 15 (December) of 2008, the United States promised Iraq by removing it from the Chapter VII, is scheduled to convene Security Council to this effect in mid-June (June) to discuss in this case.”
Another article was posted yesterday regarding the involvement of individuals and banks in the implementation of the new dinar. The IMF devalued the dinar when the new currency was introduced. Why would that have occurred when Iraq had major resources in oil and gas to support a higher value? Why make the dinar basically worthless to the Iraqi community. I believe that it is obvious from posted articles and the history of the new dinar itself that there was a major game plan from the onset to use the dinar as an investment tool. I remember when I first became involved with the dinar two years ago the number of references to Bush saying the war would be paid for. The only way that could happen is to make the dinar worthless, allow the investors and countries to purchase and then reval.
So what happened to the game plan? We have received very credible intel over the last few months regarding the status of the RV within the banking community. When I say credible, I am referring to information that was confirmed by different sources all basically stating the same thing, not the majority of the rumors. There is also the issue of the world economy to include the US. I don’t believe that anyone would argue that the RV would be a huge economic boost. Iraq requested the US continue the immunity of their funds to May 2010 despite the fact that the UN resolution is scheduled to end December 2009. The president had to sign an extension of the Executive Order as long as Chapter VII is still in effect, but he did not have to extend the date to 2010. So why has there not been an RV?
Iraq has been extremely vocal over the last few weeks regarding Chapter VII. More so than any time that I have seen over the last two years. They want out from under Chapter VII but they still want immunity on their funds. They want to terminate paying 5% of their revenues to a compensation fund. They want the balance of the debt for compensation eliminated. They want full economic and international status. They have taken a hard stance with Kuwait to even stating that Kuwait should pay Iraq compensation for allowing the occupation forces to use Kuwait for the invasion. They are actively promoting their case with the UN and Security Council representatives. They are demonstrating that they are going to use every effort and resource to accomplish the elimination of Chapter VII.
So what leverage does Iraq have that can be used to get want they want? What is the one thing that sets them apart from other Middle East countries that have the same resources in oil and gas? A currency that can be revalued. That is their ace in the hole.
Is it possible that Iraq has “bowed up” and said nope, not until we get what we want.
