8ball chat: 5/2/11 From Another Site
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8ball chat: 5/2/11 From Another Site
by Bandit1 Mon May 02, 2011 11:48 am
8ball chat: 5/2/11 From Another Site
6:50 [milndollarbabe] ok got something to run by the crowd here....the other day i was asking how much was in the DFI fund...well Early Retirement imd me and told me that there was an article that came out 2 weeks ago that said based on 2 million barrel a day @ $60 a barrel they make $60 billion ANNUALLY since 2003.....so the 5% that Kuwait gets would be 3 billion annually X 7 years (through the end of 2010) would be the 21 billion that we saw in an article that was paid to Kuwait....so their share would have been paid off.....NOW the fund continued into 2011.....what I was trying to figure out was how the 880 million that was just paid to Kuwait figured into this equation and whether it played into the speculation that the DFI fund has been released......SOOOOO.....seems they were paid through 2010.....now ...if you take the 3 billion annually owed to Kuwait and apply it to the months of jan, feb, march thru the middle of april that comes to approximately 880 million paid to kuwait..... so it looks to me like the dfi might have been released and that was the prorated ammount through the middle of april owed to kuwait from the fund.....the numbers seem to add up and why would they pay it to that point in time? things that make you go hmmmmmm.........
6:52 PM [bwilson52] milndollarbabe I was just thinking the same thing
6:52 PM [bwilson52] not really
6:53 PM [milndollarbabe] its what i was wondering about the other day and said i was working on a theory....but didnt have the numbers available to me...who knows....i could be in left field
6:54 PM [8ball] MDB the DFI account balances are in the IMF country report
6:55 PM [8ball] http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf
6:55 PM [milndollarbabe] does anyone remember when the 21 billion was paid?
6:56 PM [8ball] I think that the payment is in the form of oil
6:57 PM [milndollarbabe] we saw where they were paid 21 billion to kuwait
6:59 PM [SGTMMAURO521] Well at least someone's getting paid.
6:59 PM [milndollarbabe] and then we see they are paid 880 million to kuwait in the article a few days ago
6:59 PM [8ball] I think it was an agreement
7:00 PM [8ball] just trying to find the article
7:00 PM [milndollarbabe] k
7:02 PM [8ball] got it
7:02 PM [8ball] viewtopic.php?f=14&t=28390&p=34667&hilit=iraq+kuwait+payments#p34667
7:02 PM [milndollarbabe] thats not the article...this one said that 880 mill was paid to kuwait
7:03 PM [8ball] One of the accounts will hold 95 per cent of Iraq's government income, the vast majority of which comes from oil exports, while the second account, holding five per cent of Iraq's revenues, will deal with war reparations to neighbouring emirate Kuwait.
7:03 PM [8ball] the 800 million was for civil suits
7:04 PM [milndollarbabe] well its also the ammount that would be in the fund from jan-mid april for kuwait
7:04 PM [fritzidinar] US Special Inspector General for Iraq Reconstruction: Qtrly Report April 2011 viewtopic.php?f=14&t=28502
7:04 PM [8ball] one minute
7:05 PM [8ball] UN panel pays out $880 million in reparations for Iraq’s invasion of Kuwait --- viewtopic.php?f=14&t=28400&p=34680&hilit=iraq+kuwait+payments#p34680
7:05 PM [milndollarbabe] k ty let me read it again
7:05 PM [8ball] anything for you MDB
7:06 PM [milndollarbabe] ok so that says its from the dfi fund right?
7:07 PM [milndollarbabe] which is funded by a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products. which is funded by a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.
7:07 PM [milndollarbabe] ooops didnt mean to hit it 2 times
7:07 PM [8ball] correct from DFI
7:08 PM [8ball] the IMF country report shows DFI balances
7:08 PM [8ball] 2 accounts are created
7:08 PM [8ball] one for Iraq at 95%
7:08 PM [8ball] 5% for Kuwait
7:09 PM [8ball] all civil suits in Kuwait were paid wit the 880 million
7:09 PM [milndollarbabe] right ...but when they are closing the original fund....the ammount of 21 billion that was paid for kuwaits 5% and then it went into 2011 and that ammount (5% woould be the balance in the fund it seems for the year 2011
7:09 PM [8ball] and the US suits were looked after last night
7:10 PM [milndollarbabe] so they are closing it out in order to set up the new funds
7:10 PM [8ball] no 5% of the oil revenue will be paid until Kuwaits reparations are settled
7:10 PM [8ball] so Iraq will in a sense not even see the payments
7:10 PM [milndollarbabe] i know....but if they are closing out the original DFI prior to setting up the new accounts is what im trying to say
7:11 PM [8ball] thats right and creating two accounts
7:11 PM [milndollarbabe] right.....
7:11 PM [8ball] the agreement is to pay Kuwait 5% of the oil revenue
7:11 PM [8ball] until the reparations are settled
7:11 PM [milndollarbabe] im trying to show that the original one was closed out if the final payment was made to kuwait out of that fund and prorated for 2011 till the middle of april
7:12 PM [milndollarbabe] then they start new with the new arrangement
7:12 PM [8ball] all we know is that the accounts were to be set up by Mat 1st
7:12 PM [8ball] May
7:13 PM [milndollarbabe] thats correct....but this may prove that the original DFI has now been released and the new fund set up already
7:14 PM [8ball] I think this is all pending the agreement with the US, Security ministers, voting on assestion laws which Iraq will comply with international treaty's
7:15 PM [8ball] Which they have been worling on
7:16 PM [8ball] And every thing else .....like agreement with Kuwait...
7:17 PM [8ball] which was a must have before they could move forward
7:17 PM [8ball] as per the UNSC
v
7:17 PM [8ball] Dec 17th they lifted sanctions as long as they get an agreemnt with Kuwait
7:18 PM [8ball] which we can see ....they did.......
7:18 PM [8ball] So the next part is to vote Sadam laws out
7:19 PM [8ball] And vote that Iraq will comply to the international treaty's
7:19 PM [8ball] And to top it off Maliki told the Korean president that Iraq will join the International communittee soon
7:20 PM [8ball] so we are just about there
7:20 PM [8ball] Finance and CBI were in paraliment on Saturday
7:21 PM [8ball] so here we are...
7:22 PM [8ball] The reparations for us are better to be paid on oil
7:23 PM [8ball] So the money will sty in Iraq coffers
7:23 PM [8ball] stay
7:23 PM [milndollarbabe] yes will be used in the form of petrodinars
7:23 PM [8ball] So everyone will be happy
7:24 PM [milndollarbabe] with negotiated prices
7:24 PM [8ball] its just that including Kuwait in the oil money displaced other things Iraq wanted to do
7:24 PM [8ball] And was probably why we took so long
7:25 PM [8ball] or they took so long
7:25 PM [SGTMMAURO521] So are you saying that after the US treasury pays us they will use the Dinars we cashed in for oil as in Petro Dollars?
7:26 PM [milndollarbabe] yes i believe our dinar will be used to pay for oil
7:27 PM [8ball] Just security ministers.... and they read the minister of Defence and minister of interior last night
7:28 PM [smurf] oil at discount babe
7:28 PM [milndollarbabe] smurf absolutely .....negotiated prices
7:28 PM [8ball] US agreement is done as far as we can see
7:28 PM [milndollarbabe] so we will come out ahead
7:27 PM [8ball] Just security ministers.... and they read the minister of Defence and minister of interior last night
7:27 PM [8ball] Just security ministers.... and they read the minister of Defence and minister of interior last night
7:28 PM [smurf] oil at discount babe
7:28 PM [milndollarbabe] smurf absolutely .....negotiated prices
7:28 PM [8ball] US agreement is done as far as we can see
7:28 PM [milndollarbabe] so we will come out ahead
7:29 PM [8ball] Kuwait agreemnt is done going ny the accounts
7:29 PM [8ball] by
7:29 PM [8ball] the ministers are pending
7:30 PM [SGTMMAURO521] Pending on what? Parlaiment vote.
7:31 PM [8ball] they are reading a bill in paraliment
7:31 PM [8ball] is what they said
7:31 PM [8ball] what they are doing could be two different things
7:33 PM [8ball] Maliki in South Korea makes me think that there is more than meets the eye since Korean currency is at the same rate as Iraq
:35 PM [SGTMMAURO521] How does Korea play a part in with the Dinar RV?
7:35 PM [8ball] swap
7:36 PM [8ball] in order for Iraq to buy back IQD it needs another currency
7:36 PM [8ball] which would also mean the Korean currency would be RVing
7:37 PM [8ball] Just really seems odd to me that Maliki is in Korea
Regards,
Breitling
6:50 [milndollarbabe] ok got something to run by the crowd here....the other day i was asking how much was in the DFI fund...well Early Retirement imd me and told me that there was an article that came out 2 weeks ago that said based on 2 million barrel a day @ $60 a barrel they make $60 billion ANNUALLY since 2003.....so the 5% that Kuwait gets would be 3 billion annually X 7 years (through the end of 2010) would be the 21 billion that we saw in an article that was paid to Kuwait....so their share would have been paid off.....NOW the fund continued into 2011.....what I was trying to figure out was how the 880 million that was just paid to Kuwait figured into this equation and whether it played into the speculation that the DFI fund has been released......SOOOOO.....seems they were paid through 2010.....now ...if you take the 3 billion annually owed to Kuwait and apply it to the months of jan, feb, march thru the middle of april that comes to approximately 880 million paid to kuwait..... so it looks to me like the dfi might have been released and that was the prorated ammount through the middle of april owed to kuwait from the fund.....the numbers seem to add up and why would they pay it to that point in time? things that make you go hmmmmmm.........
6:52 PM [bwilson52] milndollarbabe I was just thinking the same thing
6:52 PM [bwilson52] not really
6:53 PM [milndollarbabe] its what i was wondering about the other day and said i was working on a theory....but didnt have the numbers available to me...who knows....i could be in left field
6:54 PM [8ball] MDB the DFI account balances are in the IMF country report
6:55 PM [8ball] http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf
6:55 PM [milndollarbabe] does anyone remember when the 21 billion was paid?
6:56 PM [8ball] I think that the payment is in the form of oil
6:57 PM [milndollarbabe] we saw where they were paid 21 billion to kuwait
6:59 PM [SGTMMAURO521] Well at least someone's getting paid.
6:59 PM [milndollarbabe] and then we see they are paid 880 million to kuwait in the article a few days ago
6:59 PM [8ball] I think it was an agreement
7:00 PM [8ball] just trying to find the article
7:00 PM [milndollarbabe] k
7:02 PM [8ball] got it
7:02 PM [8ball] viewtopic.php?f=14&t=28390&p=34667&hilit=iraq+kuwait+payments#p34667
7:02 PM [milndollarbabe] thats not the article...this one said that 880 mill was paid to kuwait
7:03 PM [8ball] One of the accounts will hold 95 per cent of Iraq's government income, the vast majority of which comes from oil exports, while the second account, holding five per cent of Iraq's revenues, will deal with war reparations to neighbouring emirate Kuwait.
7:03 PM [8ball] the 800 million was for civil suits
7:04 PM [milndollarbabe] well its also the ammount that would be in the fund from jan-mid april for kuwait
7:04 PM [fritzidinar] US Special Inspector General for Iraq Reconstruction: Qtrly Report April 2011 viewtopic.php?f=14&t=28502
7:04 PM [8ball] one minute
7:05 PM [8ball] UN panel pays out $880 million in reparations for Iraq’s invasion of Kuwait --- viewtopic.php?f=14&t=28400&p=34680&hilit=iraq+kuwait+payments#p34680
7:05 PM [milndollarbabe] k ty let me read it again
7:05 PM [8ball] anything for you MDB
7:06 PM [milndollarbabe] ok so that says its from the dfi fund right?
7:07 PM [milndollarbabe] which is funded by a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products. which is funded by a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.
7:07 PM [milndollarbabe] ooops didnt mean to hit it 2 times
7:07 PM [8ball] correct from DFI
7:08 PM [8ball] the IMF country report shows DFI balances
7:08 PM [8ball] 2 accounts are created
7:08 PM [8ball] one for Iraq at 95%
7:08 PM [8ball] 5% for Kuwait
7:09 PM [8ball] all civil suits in Kuwait were paid wit the 880 million
7:09 PM [milndollarbabe] right ...but when they are closing the original fund....the ammount of 21 billion that was paid for kuwaits 5% and then it went into 2011 and that ammount (5% woould be the balance in the fund it seems for the year 2011
7:09 PM [8ball] and the US suits were looked after last night
7:10 PM [milndollarbabe] so they are closing it out in order to set up the new funds
7:10 PM [8ball] no 5% of the oil revenue will be paid until Kuwaits reparations are settled
7:10 PM [8ball] so Iraq will in a sense not even see the payments
7:10 PM [milndollarbabe] i know....but if they are closing out the original DFI prior to setting up the new accounts is what im trying to say
7:11 PM [8ball] thats right and creating two accounts
7:11 PM [milndollarbabe] right.....
7:11 PM [8ball] the agreement is to pay Kuwait 5% of the oil revenue
7:11 PM [8ball] until the reparations are settled
7:11 PM [milndollarbabe] im trying to show that the original one was closed out if the final payment was made to kuwait out of that fund and prorated for 2011 till the middle of april
7:12 PM [milndollarbabe] then they start new with the new arrangement
7:12 PM [8ball] all we know is that the accounts were to be set up by Mat 1st
7:12 PM [8ball] May
7:13 PM [milndollarbabe] thats correct....but this may prove that the original DFI has now been released and the new fund set up already
7:14 PM [8ball] I think this is all pending the agreement with the US, Security ministers, voting on assestion laws which Iraq will comply with international treaty's
7:15 PM [8ball] Which they have been worling on
7:16 PM [8ball] And every thing else .....like agreement with Kuwait...
7:17 PM [8ball] which was a must have before they could move forward
7:17 PM [8ball] as per the UNSC
v
7:17 PM [8ball] Dec 17th they lifted sanctions as long as they get an agreemnt with Kuwait
7:18 PM [8ball] which we can see ....they did.......
7:18 PM [8ball] So the next part is to vote Sadam laws out
7:19 PM [8ball] And vote that Iraq will comply to the international treaty's
7:19 PM [8ball] And to top it off Maliki told the Korean president that Iraq will join the International communittee soon
7:20 PM [8ball] so we are just about there
7:20 PM [8ball] Finance and CBI were in paraliment on Saturday
7:21 PM [8ball] so here we are...
7:22 PM [8ball] The reparations for us are better to be paid on oil
7:23 PM [8ball] So the money will sty in Iraq coffers
7:23 PM [8ball] stay
7:23 PM [milndollarbabe] yes will be used in the form of petrodinars
7:23 PM [8ball] So everyone will be happy
7:24 PM [milndollarbabe] with negotiated prices
7:24 PM [8ball] its just that including Kuwait in the oil money displaced other things Iraq wanted to do
7:24 PM [8ball] And was probably why we took so long
7:25 PM [8ball] or they took so long
7:25 PM [SGTMMAURO521] So are you saying that after the US treasury pays us they will use the Dinars we cashed in for oil as in Petro Dollars?
7:26 PM [milndollarbabe] yes i believe our dinar will be used to pay for oil
7:27 PM [8ball] Just security ministers.... and they read the minister of Defence and minister of interior last night
7:28 PM [smurf] oil at discount babe
7:28 PM [milndollarbabe] smurf absolutely .....negotiated prices
7:28 PM [8ball] US agreement is done as far as we can see
7:28 PM [milndollarbabe] so we will come out ahead
7:27 PM [8ball] Just security ministers.... and they read the minister of Defence and minister of interior last night
7:27 PM [8ball] Just security ministers.... and they read the minister of Defence and minister of interior last night
7:28 PM [smurf] oil at discount babe
7:28 PM [milndollarbabe] smurf absolutely .....negotiated prices
7:28 PM [8ball] US agreement is done as far as we can see
7:28 PM [milndollarbabe] so we will come out ahead
7:29 PM [8ball] Kuwait agreemnt is done going ny the accounts
7:29 PM [8ball] by
7:29 PM [8ball] the ministers are pending
7:30 PM [SGTMMAURO521] Pending on what? Parlaiment vote.
7:31 PM [8ball] they are reading a bill in paraliment
7:31 PM [8ball] is what they said
7:31 PM [8ball] what they are doing could be two different things
7:33 PM [8ball] Maliki in South Korea makes me think that there is more than meets the eye since Korean currency is at the same rate as Iraq
:35 PM [SGTMMAURO521] How does Korea play a part in with the Dinar RV?
7:35 PM [8ball] swap
7:36 PM [8ball] in order for Iraq to buy back IQD it needs another currency
7:36 PM [8ball] which would also mean the Korean currency would be RVing
7:37 PM [8ball] Just really seems odd to me that Maliki is in Korea
Regards,
Breitling
Bandit1- Posts : 275
Join date : 2011-04-16
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