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Executive Order 13303 - IQD buys are not Protected


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There are a lot of GURU's and IQD dealers that state "Executive Order 13303" protects our buying of the currency as US Citizens.  That is flat out not true.  This EO 13303 was set up to ensure the DFI fund could not be sued.  It allow all oil companies to harvest and continue to expand Iraq without legal concern.  The EO 13303 is not connected in any manner with the buying or selling of the IQD.

 

Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.

 

LINK: http://en.wikipedia.org/wiki/Executive_Order_13303

 

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my feeling on this is IF what was posted as true then the US would of capped the amount of IQD that US citizens could own at any one time and stopped what the private dealers could sell to one US citizen or have redeemed---certainly if they told the US Banks they couldn't sell anymore dinars , they would have shut all the doors including the dealers---Think about it!

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