Wedesday Early Morning Opinions 7:20 AM CST - 1/04/2022

[ronscarpa]

Guru Clare  Article: "Where are the Iraqi oil revenues deposited?  Sudanese advisor answers" Quote: "Saleh said, “(Externally) and according to Security Council Resolution 1483 in May 2003, the revenues of the Ministry of Finance from crude oil, gas, exported derivatives, and other funds are deposited in the Federal Reserve Bank in New York, all of which are deposited in an account called DFI or its current alternative"

 

 

[ronscarpa]

Development Fund for Iraq (DFI) General Information

Description

The Development Fund for Iraq (DFI) was a sovereign wealth fund based in Baghdad, Iraq. The DFI was established pursuant to United Nations Security Council Resolution 1483 and held the proceeds of petroleum export sales from Iraq as well as remaining balances from the UN Oil-for-Food Program and other frozen Iraqi funds. Disbursements from the DFI was used for the benefit of the Iraqi people, the economic reconstruction and repair of infrastructure, the continued disarmament of Iraq, the costs of civilian administration and other purposes benefiting the Iraqi people. It was directed by the Coalition Provisional Authority (CPA), in consultation with the Iraqi interim administration.

 

On 27 May 2014, the immunity over the Development Fund for Iraq account was cleared and the Bank decided to transfer all this balance to CBI’s account at the Federal Reserve Bank of New York. This fund is no longer in operation and is not actively tracked by PitchBook.l

Link: https://pitchbook.com/profiles/limited-partner/60293-08#overview

[ronscarpa]

MarkZ   Over the last few years we have seen expenditures to Delarue to print new currencies for them …we have seen new ATM’s and new banking equipment that is for different sized notes than those currently in circulation…   So, I feel fairly confident the lower denominations already exist.

 

[pokerplayer]

A neg? Really? Got you covered Ron. Hopefully it finger was a finger slIp.

         pp

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Luigi1]

The UST will release Iraqi funds held in a Trust as soon as all sanctions are fully lifted & Iraq is totally sovereign.

The fund was set up to protect Iraq from Iran stripping it of most of it's total worth. 

These funds, once released, will go a long ways in funding the RV.  IMHO.

 

[dinarham]

  The DFI must include the five  18 wheelers filled with gold bars that we took out of Iraq ,one of the first things that US troops did after the invasion .  With gold close to $2000 an ounce , this gold should be a big factor . The  value of this gold is  astronomical .

[Luigi1]

Under Obama, tons of gold were quietly taken out of the US & deposited in the Philippines around 2012.

Nobody wants to talk about that.

 

 

3 hours ago, dinarham said:

  The DFI must include the five  18 wheelers filled with gold bars that we took out of Iraq ,one of the first things that US troops did after the invasion .  With gold close to $2000 an ounce , this gold should be a big factor . The  value of this gold is  astronomical .

 

[ronscarpa]

8 hours ago, Luigi1 said:

The UST will release Iraqi funds held in a Trust as soon as all sanctions are fully lifted & Iraq is totally sovereign.

The fund was set up to protect Iraq from Iran stripping it of most of it's total worth. 

These funds, once released, will go a long ways in funding the RV.  IMHO.

 

 

According to the above article, and others - The DFI fund was released to the CBI, who now has the funds sitting in the  CBI’s Account at the Federal Reserve Bank of New York.!