B.I.W. Chat: Dinar Daddy Chat Rm 7/18/11

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B.I.W. Chat: Dinar Daddy Chat Rm 7/18/11

Post by JonlyBonly on Mon Jul 18, 2011 5:05 pm

* B.I.W. Chat: Dinar Daddy Chat Rm 7/18/11
July 18th, 2011 02:54 pm · Posted in CHATS & POSTS (Iraqi Dinar Info)

B.I.W.: been a lot of chatter about chapt 7

B.I.W.: and what it is and lifting it

B.I.W.: here is the list of all sec res passed dealing with iraq

B.I.W.: [You must be registered and logged in to see this link.]

B.I.W.: lets start here

B.I.W.: Acting under Chapter Vii of the Charter of the United Nations, 1. Determines that Iraq so far has failed to comply with paragraph 2 of resolution 660 (1990) and has usurped the authority of the legitimate government of Kuwait;

B.I.W.: this is the start of chapt 7

B.I.W.: then 1 year later

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B.I.W.: now here is a key part i missed

B.I.W.: Iraq arising prior to 2 August 1990, which will be addressed through the normal mechanisms, is liable under international law for any direct loss, damage, including environmental damage and the depletion of natural resources, or injury to foreign Governments, nationals and corporations, as a result of iraq’s unlawful invasion and occupation of Kuwait;

B.I.W.: Decides that all Iraqi statements made since 2 August 1990 repudiating its foreign debt are null and void, and demands that Iraq adhere scrupulously to all of its obligations concerning servicing and repayment of its foreign debt

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B.I.W.: now this is one of the pay off lists

B.I.W.: every single resolution

B.I.W.: contains chapt 7 wording

B.I.W.: now i found this

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B.I.W.: real old

B.I.W.: but ties it all together

B.I.W.: In fact, demand for Iraqi paper has been so heavy that traders said it has been very hard for them to get their hands on any.

“if any Iraqi debt is available, we’ll buy it”, said Majid Mekouar, a trader at Union des Banques Arabes et Francaises, which is 44%-owned by Credit Lyonnais Sa .

the rest of Ubaf is controlled by Arab banks, including a 3% stake by Iraq’s government-run Rafidain Bank. That stake was frozen in 1990 following Iraq’s invasion of Kuwait.

B.I.W.: so first they passed a resolution to enforce the debt

B.I.W.: then they buy the debt

B.I.W.: knowing they were going to get payed

B.I.W.: LINK

B.I.W.: 5 Proceeds From Frozen Assets In Foreign Countries

B.I.W.: The released proceeds from frozen funds for the six months ended 30 June 2010 amounted to usd 64 thousands deposited in the Dfi account through U.b.a.f Paris no such proceeds were deposited in the Dfi during the six months period ended 30 June 2009. The amount received during the period ended 30 June 2010 belongs to the Central Bank of Iraq (CBI

B.I.W.: same guys who were buying the debt in 2003

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B.I.W.: funny how everything in iraq alway goes back to the same players

B.I.W.: same audit company that bank uses

B.I.W.: did that dfi report

B.I.W.: who has control of the rv

B.I.W.: i dont know

B.I.W.: i cant even start to guess

B.I.W.: im sure they have a plan

B.I.W.: but on whose time table guys is any 1 guess

B.I.W.: in closing

B.I.W.: i read some chats this weekend

B.I.W.: 1 iraq is not a full member of the Wto

B.I.W.: 2 iraq does not have a traded currency

B.I.W.: 3 they have not signed the erbil agreement

B.I.W.: do i feel they need to do any of those things to rv… im not too sure

B.I.W.: so dont believe the hype

B.I.W.: now i must go to work…. im warmed up now tenmillion

B.I.W.: let do this

B.I.W.: thanks guys

B.I.W.: go rv

Dinar Daddy Chat~
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JonlyBonly

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Join date : 2011-05-22

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