Don Paul Posted June 30, 2011 Report Share Posted June 30, 2011 It appears that my last post may have caused some confusion amongst a few readers and I would just like to begin by clarifying something. Dr. Sinan Shabibi is NOT under house arrest. That is not the case and it appears that I was once again, misquoted. Dr. Shabibi can not leave the country for the time being. That is all. This is not the same as house arrest. How long this order will be kept active is anyone's guess. I have no other information on this only that I have witnessed him being served with the order. The Arabic Translation from the written order in English stated "Forced Residency". This order was given after the meeting with the Council of Minster on June 19th. This was when Dr. Shabibi was advised not to leave the country. It is important to note that Dr. Shabibi is one of two people in the CBI that will be asked to present the Re-Denomination report to the Council of Ministries when asked in the future. When I recently wrote that Dr. Shabibi did not attend the 2011 International Arab Banking conference in Rome, Italy I stated that because it is FACT. He was NOT there. The only thing I can tell you is to look at and review all the news articles that came out in regards to that meeting and I challenge anyone of you to find even one article quoting Dr. Shabibi from the Arab Banking Summit. Anyone saying he was there is mistaken. The confusion might stem from all the news articles prior to the Arab Banking Summit listing him as a guest speaker. However, you will discover that there is not one article quoting him at the Summit event. It is customary for him to speak at these meetings when he is an attendee. Dr. Shabibi was quoted in prior Summit meetings in 2008 and 2009. Chapter Seven Contrary to what a few keep saying, Iraq and Chapter Seven will most likely continue till the next review by the United Nations, in December 2011. In another twist, Kuwait's newly planned port, will more than likely obstruct the commerce of Iraq's only main deep water port. The Kuwait government has assured the United Nations that the new port would not violate the sovereignty of Iraq. This will continue to be an issue in the months to come as Iraq is challenged again to be released from Chapter Seven. The Iraqi port has yet to be expanded and rebuilt due to lack of funding. There is a lot of disinformation in regards to the Erbil agreement. The word out there is that PM Maliki has to give up power and this is just not true. PM Maliki does not have to give up his power he just has to conduct Power Sharing with the al-Iraqiyah list leader Iyad Allawi. PM Maliki is against the sharing of power at this present time. The Development Fund for Iraq Some people appear to be confused in regards to what is happening with the DFI fund. The account which the funds are located are in the Federal Reserve Bank of New York and will remain for years to come. The fund will most likely have a name change although the name has not been revealed as of yet. 5% of the proceeds coming from the oil sales each month goes to a special account the United Nations has set up to pay for the reparations for Kuwait. Iraq still owes 25 billion dollars to Kuwait. Contrary to what some are claiming, Dr. Sinan Shabibi has never said that he will RV the currency to meet the Iraq budget. Another false statement made, the Iraq inflation rate is currently 7% and is rising due to increase in import prices not because they don't have a tradable currency. Regardless of all the disorganization and pace of a snail, Iraq continues to make progress and strides in the banking sector as well as the overall economy. I am hopeful that we will be able to speak more positively in the coming months about all the advancements and progress being made. 1 2 Link to comment Share on other sites More sharing options...
Don Paul Posted June 30, 2011 Author Report Share Posted June 30, 2011 (Though Ive quoted this not-so-popular gentleman who is actually IN Iraq, unlike most other 'gurus' out there, I personally hold a more positive view of this speculation, the primary being that Iraq is NO WAY worth 3500 times LESS than Kuwaitt, period.) 2 Link to comment Share on other sites More sharing options...
sillyseaserpent Posted June 30, 2011 Report Share Posted June 30, 2011 Thanks for the post. Most informative. 1 Link to comment Share on other sites More sharing options...
SR71_Blackbird Posted June 30, 2011 Report Share Posted June 30, 2011 WTF...there go my Cheerios!! 1 Link to comment Share on other sites More sharing options...
OhYeah Posted June 30, 2011 Report Share Posted June 30, 2011 I read (probably here) that he didn't attend the summit but sent one of his assistants in his place great post, btw, very positive for us Link to comment Share on other sites More sharing options...
Adam Montana Posted June 30, 2011 Report Share Posted June 30, 2011 Not a bad post overall, but AC gets on my nerves with his constant attempts to inflate his worth. Last week he said he knew what was in Shabibi's brown leather case, he knew about a speech that was prepared but wasn't given, and this week: I have witnessed him being served with the order. Really, AC? You "witnessed" it? I'm not buying it, any more than I'm buying he knows a speech was prepared or knows what color and material Shabibi's briefcase is. These details are obviously added for "color and flair". It's the littlest details that tell the whole tale, and AC's littlest details usually show me that he's looking for attention. Just my - the rest of the information was actually fairly accurate. 2 Link to comment Share on other sites More sharing options...
umbertino Posted June 30, 2011 Report Share Posted June 30, 2011 (edited) Quote When I recently wrote that Dr. Shabibi did not attend the 2011 International Arab Banking conference in Rome, Italy I stated that because it is FACT. He was NOT there. End Quote Well at the end of this article ( in italian) about the Arab Summit held in Rome it DOES state that Dr. Shabibi was indeed in Rome at that meeting. http://www.focusmo.it/organi-internazionali/11411-si-chiude-oggi-linternational-arab-banking-summit-2011.html Edited June 30, 2011 by umbertino 2 Link to comment Share on other sites More sharing options...
2fast4u2c Posted June 30, 2011 Report Share Posted June 30, 2011 I believe we are in for a longer ride. Where are all the peeps that were bashing people who said it wouldn't happen today....lol 1 Link to comment Share on other sites More sharing options...
wiineedmore Posted June 30, 2011 Report Share Posted June 30, 2011 (edited) AC seems to be right more thangurus and everyone else's feelings. He called an RD long ago I believe Edited June 30, 2011 by wiineedmore Link to comment Share on other sites More sharing options...
PartyTime Posted June 30, 2011 Report Share Posted June 30, 2011 Quote When I recently wrote that Dr. Shabibi did not attend the 2011 International Arab Banking conference in Rome, Italy I stated that because it is FACT. He was NOT there. End Quote Well at the end of this article ( in italian) about the Arab Summit held in Rome it DOES state that Dr. Shabibi was indeed in Rome at that meeting. http://www.focusmo.it/organi-internazionali/11411-si-chiude-oggi-linternational-arab-banking-summit-2011.html Yep. Looks like AC is full of it! It is closed today, the International Arab Banking Summit 2011 Strengthen economic cooperation with countries of North Africa and Middle East (MENA) region to increase trade and investment opportunities and financing in this region, populated by over 300 million people, which is expected to grow by 3.6% in 2011 and 4.2% in 2012. With this aim, Italian and Arab banks and institutions met yesterday and today in Rome at the International Arab Banking Summit 2011, organized by Abi and Union of Arab Banks, sponsored by the European Banking Federation, the World Bank and the Ministry of Foreign Affairs and dedicated this year to the theme "the future of the MENA region: the impact on the global economy." "Italy - said the vice president of ABI, Guido Rosa - is among the countries who look with interest the evolution political and economic situation of North Africa and Middle East. because of its geographical position and its historical experience, in fact, our country can be considered a natural port for trade with this area. "According to the latest ISTAT figures, 9% of Italian exports and imports about 12% of the MENA countries. The strategic importance of trade relations with this region is also demonstrated by the strong presence of Italian banks and lines of credit made available to businesses by the banking sector. According to data from ABI, the Italian banks have already provided a credit line worth 19 billion euros to finance exports and direct investment in the area. Of these, only 7.2 billion or 38% of the total were used, while about two-thirds (over 11 billion, equivalent to 62%) are still available to support new business activities in the region. With regard to the direct presence on the territory, six major banking groups are present with fifteen representative offices, branch and seven Italian Desk. Italian banks have also made significant investments in seizing the opportunities offered by privatization of countries like Egypt and acquiring minority stakes in local intermediaries Moroccans, Tunisians, Turks and Egyptians. Five groups, finally, have signed collaboration agreements with major local counterparts to assist clients and handle remittances from immigrants. The two-days of work - it closes tomorrow at the Hotel Cavalieri - was also an opportunity to take stock of the role that Islamic banking can play in the Italian economy. According to recent studies, in fact, Islamic finance - is responding to market rules and to the principles of the Koran - is the segment of the global financial industry with the highest growth rate (15-20% per year) and by 2015 could exceed $ 4 trillion of assets, with over 1.5 billion of investors interested in these products. The meeting was attended, among others, Secretary of State for Foreign Affairs, Stefania Craxi, the President of UAB, Adnan Ahmed Yousif, the Governor of the Central Bank of Qatar, Sheikh Abdullah Bin Saud Al-Thani, Minister of Finance of Jordan, Mohammad Abu Hammour, the Governor of the Central Bank of Pakistan, Shahid Karda, the deputy governors of the Bank of Lebanon, Raed Charefeddine Baasiri and Mohammed, the Governor of the Bank Centrl of Egypt, Farouk El Okda, and the Governor of the Central Bank of Iraq, Sinan Shabibi El. Link to comment Share on other sites More sharing options...
umbertino Posted June 30, 2011 Report Share Posted June 30, 2011 (edited) And since I'm Italian I can attest that they state exactly that.... Shabibi was at that meeting in Rome.... Edited June 30, 2011 by umbertino Link to comment Share on other sites More sharing options...
OhioTom1 Posted June 30, 2011 Report Share Posted June 30, 2011 Umbertino and Party Time.. whooo wheee!!! Rock-em sock-em... good work. Is if just me or has the list of believable, dependable people shrinking???? Nobody knows and we are all in it together... I mean it... God Bless all of us... (I have been set free from the frustration and disappointment and wish you all the best!) 1 Link to comment Share on other sites More sharing options...
Don Paul Posted June 30, 2011 Author Report Share Posted June 30, 2011 Adam, I do somewhat agree that those little added "details" are subject to a narcisistic review. However, knowing how negative this guys has been in the past, I find his latest opinion, especially where "Shabibi has the redenomination paper ready to go" a 180 degree turn for even AC Link to comment Share on other sites More sharing options...
Munsch Posted June 30, 2011 Report Share Posted June 30, 2011 ookie-aid but it taste soooo good Link to comment Share on other sites More sharing options...
Adam Montana Posted June 30, 2011 Report Share Posted June 30, 2011 Adam, I do somewhat agree that those little added "details" are subject to a narcisistic review. However, knowing how negative this guys has been in the past, I find his latest opinion, especially where "Shabibi has the redenomination paper ready to go" a 180 degree turn for even AC I'll agree with you there... but the 180 happened a while back when he started selling advertising on his site and upgraded to professional marketing software. I called him out on it, and he removed the advertising pretty quickly... but he's still doing everything he can to get people to follow him, without ever giving a reason for his actions... I think he gave the reason when he started selling advertising. But for some reason now he hides the reason. Very, very suspicious.... My thoughts: keep a close watch on this one. 1 Link to comment Share on other sites More sharing options...
Keipher Posted July 1, 2011 Report Share Posted July 1, 2011 AC is just another megalomaniac. He doesn't know anymore than my cat does. 1 Link to comment Share on other sites More sharing options...
umbertino Posted July 1, 2011 Report Share Posted July 1, 2011 Umbertino and Party Time.. whooo wheee!!! Rock-em sock-em... good work. Is if just me or has the list of believable, dependable people shrinking???? Nobody knows and we are all in it together... I mean it... God Bless all of us... (I have been set free from the frustration and disappointment and wish you all the best!) Thanks for your kind words. Appreciated. Link to comment Share on other sites More sharing options...
cooked Posted July 1, 2011 Report Share Posted July 1, 2011 AC seems to be right more thangurus and everyone else's feelings. He called an RD long ago I believe And when did we see the RD? I too feel AC has switched positions. While I can't Quote any of his old projections, he seemed grounded and pionting for a mid to low RV. Link to comment Share on other sites More sharing options...
Recommended Posts