Thats not the half of it I proved they have used the Stablization fund in the past for the Asian crisis and The mexican devaluation.
1997 Asian Currency Crisis under Bill Clinton with IMf , G7 ,and United States .
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Here is the the encylopedia so you know what it is.
East Asian financial crisis - Wikipedia, the free encyclopedia
Here is the time line in which it all occured.
International Political Economy
The Imf role in the Crisis.
Factsheet - The IMF's Response to the Asian Crisis
this inside Imf link.
approving in 1997 some SDR 26 billion or about US$35 billion of IMF financial support2 for reform programs in Indonesia, Korea, and Thailand, and spearheading the mobilization of some US$77 billion of additional financing from multilateral and bilateral sources in support of these reform programs (see Box 1). In July 1998, committed assistance for Indonesia was augmented by an additional US$1.3 billion from the IMF and an estimated US$5 billion from multilateral and bilateral sources; and
This multilateral and bilateral source of funds came from the G-7 now the G-8,
the United States Treasury, and the Imf. They did this because they did not want the Asian Economies to collapse. These type of meetings have been a regular event on behalf of Iraq. It makes you wonder doesnt it.
I ask you what are these ORGANIZATIONS WILLING TO DO TO KEEP MID EAST ECONOMIES RUNNING.
IF IRAQS ECOMOMY FAILS IT WILL PULL THE WHOLE MIDEAST DOWN WITH IT. IT IS TIME TO REVALUE THIER CURRENCY DONT YOU THINK.
Bill Clinton in Mexican Currency Crisis Uses ESf to stabilize currency.
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The 1994 economic crisis in Mexico, widely known as the Mexican peso crisis, was triggered by the sudden devaluation of the Mexican peso in the early days of the presidency of Ernesto Zedillo. A week or so of intense currency crisis was stabilized when US President Bill Clinton granted Mexico a $50 billion loan.
1994 economic crisis in Mexico - Wikipedia, the free encyclopedia
February 1995 the President decided to use the ESF to provide up to $20 billion in assistance to Mexico. Building on the North American Framework Agreement (NAFA) and the ESF's standing Exchange Stabilization Agreement (ESA) with Mexico under NAFA, the February agreements provided for support in the form of short-term swaps, medium-term swaps (up to 5 years), and securities guarantees (up to 10 years). The February agreements included an Oil Proceeds Facility Agreement that provided Treasury with a source of repayment through Mexican oil export proceeds if needed. Treasury also agreed with the Fed that any Fed claim on Mexico remaining outstanding beyond one year could be assigned to the ESF. In 1995, Mexico drew on the medium-term facility in an amount totaling $10.5 billion. Mexico fully repaid the drawings in advance, by January 1997. The ESA remains the ESF's only standing swap line.
In November 1998, the United States committed to use the ESF for up to $5 billion of a multilateral guarantee of a $13.2 billion Bank for International Settlements (BIS) credit facility for Brazil. Drawings by Brazil on the BIS totaled $8.65 billion, and the ESF's share of the guarantee of these drawings amounted to $3.3 billion. Brazil had fully repaid these drawings by April 2000.
Are you reading the same thing I am? The oil Proceeds facility agreement that provided the treasury with a souce of payments thru oil exports.
This means they stabilized mexico for oil.
under credit operations Link U.S. Treasury - Exchange Stabilization Fund
Here is where they credited Mexicos account.
http://www.treas.gov/offices/interna...ry/credits.pdf
In Brazils case they did not require repayment in oil. This means the President has vast authority when it comes to saying when and where the esf is used.
This is solid Proof that the International compact=Marshall Plan.
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Last edited by paynes1 : 10-19-2006 at 09:12 AM.
I am seeing those little bannas you are talking about.
There is alot to be said for facts.
Some of the links are not showing you might want finish read over at IIf.
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27-10-2006, 11:18 PM #18141
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27-10-2006, 11:29 PM #18142
Let's See...
Iraq has the following over Kuwait:
a. More OIL (Just a matter of time before it's revealed that Iraq has more OIL than Saudi Arabia & Kuwait combined)
b. Cement (Giant in this category)
c. Agriculture (This one too...)
d. Natural Gas (#2 in the World)
e. 2.3+ Trillion USD in GOLD RESERVES (Sitting in Switzerland)
Now, who has what problem supporting the raising of the IQD value?
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27-10-2006, 11:34 PM #18143
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27-10-2006, 11:38 PM #18144
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27-10-2006, 11:39 PM #18145
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27-10-2006, 11:43 PM #18146
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27-10-2006, 11:45 PM #18147
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:)
Translated version of Arabic Section
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27-10-2006, 11:46 PM #18148
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Opps... sorry it was english and reverted back?
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27-10-2006, 11:50 PM #18149
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27-10-2006, 11:51 PM #18150
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try again..:)
So..heres what is says...
Iraq's debts again and the future of the oil!
فؤاد الحاجFouad Al-Haj
تناولت في منتصف العام المنصرم هذا الموضوع تحت عنوان (أين أموال العراق؟!)، وقد ذكرت أن العراق هو البلد العربي الوحيد الذي لم يكن يقترض ولا له أي علاقات بصندوق النقد والبنك الدوليين منذ عام 1968، وأنه فوجيء بعد انتهاء الحرب (العراقية-الايرانية) عام 1988 برسالة من البنك الدولي يطالبه بمبلغ أربعة عشر مليون دولار وبعد البحث اتضح أن حكام "الكويت" كانوا وراء ذلك..Dealt in the middle of last year under the title of this issue (Iraq where money?) It stated that Iraq is the only Arab country which did not borrow, and had no relations Monetary Fund and the World Bank since 1968, and that he was surprised after the end of the war (Iran-Iraq) 1988 letter from the World Bank will ask the amount of fourteen million dollars, after research found that the rulers of "Kuwait" were behind it. كما ذكرت أيضاً أن للعراق ديون وأموال محتجزة في البلاد العربية تقدر بمئات ملايين الدولارات ومنها "السعودية ومصر ودول الخليج العربي وبعض الدول العربية الأخرى" وأنه منذ عام 1991 وحتى ما قبل غزو العراق واحتلاله في آذار/مارس 2003 كانت الحكومة العراقية تطالب تلك الدول بإعادة تلك الأموال ولكن د ون جدوى!..It also stated that Iraq's debts and funds held in an Arab country is worth millions of dollars, including the "Saudi Arabia, Egypt and the Arab Gulf states and some other Arab states," and that since 1991, even before Iraq's invasion and occupation in March 2003 the Iraqi government demanded that States repatriate those funds, but d feasibility won! يضاف إلى ذلك مئات الملايين من الدولارات التي احتجزت في بريطانيا وفرنسا وبعض الدول الأوروبية الأخرى وأمريكا حيث تم تجميد تلك الأموال حسب قرارات مجلس الأمن التي صدرت تباعاً بضغط صهيو-أمريكي وقد بلغ تعدادها منذ بداية آب/أغسطس 1990 وحتى نهاية ذلك العام (14) قراراً فقط!!..In addition, hundreds of millions of dollars that were held in Britain, France and some other European countries and America, where such funds have been frozen by the resolutions of the Security Council issued successively pressure scenario-American has reached since the beginning of naming August 1990 until the end of that year (14), only! للتنويه أذكر أن تلك الأموال لم تكن أرصدة للعراق كما يعتقد البعض بمعنى أن العراق كان يضع أمواله في مصارف خارجية، بل هي أموال قيمة لصفقات تجارية أرسلها العراق للشركات ثمن بضائع إضافة لأثمان شحنات من النفط العراقي كانت في طريقها لشركات نفطية..Mention of the state that those funds did not belong to Iraq, as some believe the sense that Iraq has been putting its money in foreign banks. but is the money value of trade deals sent to Iraq to companies for goods prices, in addition to shipments of Iraqi oil was on its way to the oil companies.
أضيف إلى ذلك اليوم للتوضيح ولمزيد من المعلومات لمن يهمه الأمر أنه كما تم تجميد الأموال أو الأرصدة العراقية فقد تم أيضا تجميد كل الممتلكات العراقية في الخارج (السفارات والقنصليات ومقرات البعثات الدبلوماسية العراقية والمنازل التي كانت قد اشترتها الحكومة العراقية في بلدان العالم وكلها كا نت تابعة لوزارة الخارجية العراقية) كما تجميد الذهب العراقي الموضوع أمانة في سويسرا والذي تبلغ قيمته مئات بلايين الدولارات، وهنا أنوه إلى أن ذلك الذهب هو لتغطية قيمة العملة العراقية المتداولة، وللتذكير أيضاً أن معظم إن لم يكن كل الدول في العالم لديها ذهب احتياطي مؤمن عليه في سويسرا لتغطية عملاتها المتداولة، لذلك عندما تم تجميد الذهب العراقي هبطت قيمة العملة العراقية المتداولة وأصبح ما يعرف في العراق آنذاك بـ"الدينار السويسري" وهو ما كان متداولاً في شمالي العراق في منطقة الحكم الذاتي "كردستان"، و"الدينار العراقي" الذي كان متداولاً في باقي أرجاء العراق، لأن الأول كان يطبع في سويسرا مقابل قيمة الذهب المؤمن هناك، والثاني بدأت الحكومة العراقية بطباعته في العراق..Add to that today's clarification and further information to those interested, as has been frozen Iraqi assets or funds have also been freezing all Iraqi property abroad (embassies and consulates and the headquarters of Iraqi diplomatic missions and houses, which had bought the Iraqi government in the countries of the world and all of Ka Net belonging to the Iraqi Ministry of Foreign Affairs) and the freezing of Iraqi gold subject secretariat in Switzerland, which is estimated at hundreds of billions of dollars, Here I note that the gold is to cover the value of the Iraqi currency in circulation, Remember also that most if not all countries in the world have gold reserves insured in Switzerland to cover their currencies in circulation, So when gold was freezing Iraqi landed value of the Iraqi currency in circulation and has become what is known in Iraq at the time the "Swiss dinar," which was circulated in northern Iraq in the Autonomous Region "Kurdistan" and "the Iraqi dinar," which was circulated in other parts of Iraq, because I was staying in Switzerland for the insured value of the gold there, The second Iraqi government began has been printed in Iraq. لذلك من أحد أهم ما قامت به قوات الغزو والاحتلال الصهيو-أمريكي في العراق بعد حل الجيش العراقي وبعد حرق وتدمير وسرقة كل الدوائر الرسمية في بغداد ومنها وثائق وزارة الخارجية العراقية، كان إحراق العملة العراقية وتم استبدالها بعملة أخرى لأسباب عديدة ومنها وهو الأهم من أجل سرقة باقي الذهب العراقي في سويسرا!..It is one of the main done by the invasion and occupation forces Zionist-American in Iraq after the dissolution of the Iraqi army after the burning and destruction and theft of all official circles in Baghdad, including the Iraqi Foreign Ministry. the burning of the Iraqi currency was replaced currency other for many reasons, including most importantly for the rest of the theft of Iraqi gold in Switzerland! كما حصل في سرقة الأموال العراقية التي كانت في حساب خاص في البنك الوطني الفرنسي بإشراف اللجنة سيئة الصيت التي حملت الرقم 661 التي كانت تسيطر عليها أمريكا وبريطانيا.As happened in stealing Iraqi money, which was in a special account in the bank under the supervision of the French National Committee notorious which bore the number 661, which was controlled by America and Britain.
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