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mikey409

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Posts posted by mikey409

  2. Iraq hunting $17 billion missing after U.S. invasion

    in Iraq & Dinar Related News

    Posted

    http://news.yahoo.com/s/nm/20110619/wl_nm/us_iraq_usa_money;_ylt=Ajga62n2TVdqKewcEqllVM1vaA8F;_ylu=X3oDMTJlZXBsNjlyBGFzc2V0A25tLzIwMTEwNjE5L3VzX2lyYXFfdXNhX21vbmV5BHBvcwM0BHNlYwN5bl9tb3N0X3BvcHVsYXIEc2xrA2lyYXFodW50aW5nMQ--

    By Waleed Ibrahim Waleed Ibrahim – Sun Jun 19, 2:16 pm ET

    BAGHDAD (Reuters) – Iraq's parliament is chasing about $17 billion of Iraqi oil money it says was stolen after the 2003 U.S.-led invasion and has asked the United Nations for help to track it down.

    The missing money was shipped to Iraq from the United States to help with reconstruction after the ouster of Saddam Hussein.

    In a letter to the U.N. office in Baghdad last month, parliament's Integrity Committee asked for help to find and recover the oil money taken from the Development Fund of Iraq (DFI) in 2004 and lost in the chaos that followed the invasion.

    "All indications are that the institutions of the United States of America committed financial corruption by stealing the money of the Iraqi people, which was allocated to develop Iraq, (and) that it was about $17 billion," said the letter sent to the U.N. with a 50-page report.

    The committee called the disappearance of the money a "financial crime" but said U.N. Security Council resolutions prevent Iraq from making a claim against the United States.

    "Our committee decided to send this issue to you ... to look into it and restore the stolen money," said the letter, a copy of which was obtained by Reuters.

    U.N. officials were not immediately available for comment.

    SALARIES, PENSIONS

    The DFI was established in 2003 at the request of the Coalition Provisional Authority (CPA), the U.S. body headed by Paul Bremer that governed Iraq after the invasion. The fund was to be used to pay the salaries and pensions of Iraqi government workers and for reconstruction projects.

    In 2004, the administration of former U.S. President George W. Bush flew billions of dollars in cash into Iraq. The money came from the sale of Iraqi oil, surplus funds from the U.N. oil-for-food program and seized Iraqi assets.

    Last July, an audit report from the U.S. Special Inspector General for Iraq Reconstruction (SIGIR) said the U.S. Department of Defense was unable to account properly for $8.7 billion of Iraqi oil and gas money after the 2003 invasion.

    Iraqi government spokesman Ali al-Dabbagh told Al Jazeera television on Sunday: "No one on the Iraqi side was controlling the work of Paul Bremer at that time. So I think the administration of the United States needs to give the answers for where and how this (money) was being used.

    "We do understand that Iraqis are also engaged in such lack of transparency and corruption related to the Paul Bremer time in Iraq," he added.

    Osama al-Nujaifi, Iraq's parliament speaker, said a committee was investigating what happened to some $20 billion of DFI money.

    "Some of these funds were spent and are documented. But some do not have such documents," he said. "We as a parliament are working together with the Iraqi Board of Supreme Audits and with coordination of SIGIR to know where this money ended up."

    The appeal to the United Nations could help Iraq recover its money by putting its case before the international community, said Bahaa al-Araji, the head of the Integrity Committee.

    "We cannot sue the Americans. Laws do not allow us to do that. All we want is to get this issue to the U.N.," Araji said. "If this works, it will open the way for Iraq to restore its stolen money."

    In 2003, the CPA issued an order granting immunity to U.S. personnel and institutions working in Iraq.

    (Editing by Jim Loney)

  5. 042811 I am B of A Banker

    in Dinar Rumors

    Posted

    How is he a pumper?? WTH?? Hahaha all he did was say he was a banker and also has dinar......and that no bankers will know anything solid about the dinar except for crap they probly hear off these forums and rumors that customers spread......thats being a pumper?? WOW!!

    i have never given you a +1 but you deserve one here :)

  6. Here you go Dinarck

    in Dinar Rumors

    Posted

    Are you smoking something you shouldnt be?? Nobody here is anti-rv.....is it really that hard for you to comprehend whats being said at times?? I really think you should put down the pipe for a little bit buddy....all you ever do is have dumb comments to make instead of actually partaking in intelligent debates about issues at hand....or is that not possible for you to do?? And if this is such a sucky forum and nothing important to you, then you are more then welcome to see your way out......most people are here to keep an eye on whats going on over there because the majority of us would like to make some extra cash.....maybe the GET team or Poopy Dinar would suite you better....you wouldnt have to worry about anyone being realistic or asking questions/debating the truth cause they all get banned....

    i wish i was smokin somethin i shoudnt be !!!!!!

  8. from cbi..link to imf..

    in Iraq & Dinar Related News

    Posted

    Here's what it says...

    15. The CBI will continue to aim at keeping inflation low, predominantly by

    maintaining a stable exchange rate. The low level and the relative stability of inflation do

    not suggest any significant over- or undervaluation of the Iraqi dinar. Also, a stable exchange

    rate continues to provide a solid anchor for the public’s expectations in an otherwise highly

    uncertain environment and in an economy with a very low level of financial intermediation.

    Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To

    enhance mobilization of domestic financing, limitations on state-owned banks’ use of

    government deposits for investing in Treasury bills have been reduced, while the pension fund

    has also been allowed to invest in Treasury bills and to participate in auctions directly.

    I don't like the sound of this at all...

    I agreee...makes it sound like they are happy the way it is staying stable and dont want to change

  15. Rumor

    in Dinar Rumors

    Posted

    speaking of barry bonds...can you tell me why the US is spending so much money on one person who might have used a enhancement drug,,,while the US is digging deeper into a financial hole i have a word for that but cant post it here

    • Upvote 1

  16. The Absolute Best Buying Opportunity I've Seen This Year

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    Thanks for the tip. Yeah, I've got some ideas for relocation post-RV too. They say Costa Rica is beautiful. I've thought about Puerto Rico too, but the attraction to me about Brazil is the fact that it has a tropical climate with beautiful beaches (and women) but it's big enough to give you the conveniences of modern life. Check out this photo of Maceio in northeastern Brazil.

    maceio-564x300-5544.jpg

    that beach looks awesome.... Brazilian women....HOT!!!!!!!!!!!!

  17. Is XE backing up the lopsters?

    in LOPster tank

    Posted

    When you take in the fact that the current paper IQD has to be replaced anyway, the cost factor isn't that great. It is pretty much a cosmetic move. Korea has been doing just fine with their bunch of zeros.

    I recently took a trip to colombia...for 1 american dollar you get 1700 colombian pesos...its been that way for years..they have large denoms on their bills as well..just givin an example

  23. I have a question for ya

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    Hey POE,

    According to the pumpers and the ego driven lairs it went something like this,

    1. New currency and RV within hours (not)

    2. The election and RV in a matter of days (not)

    3. Seating of the GOI and RV is a done deal (not)

    4. Release from chapter 7 RV in a matter of hours (not)

    5. Agrement with Kuwait , "stick a fork in it" (not)

    6. Ration card, RV done (not)

    7. Vice Presidents trip to Iraq to announce the RV (not)

    So your question "have we been this close", yes if you go by what all the pumpers and dinar sales promoters want you to believe but the fact is we remain one more NOT closer to a (YES)

    wowow...that last statement almost cunfused me....NOT...lol

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