Thread: "Marshall Plan=International Compact" Originally posted by paynes1

Welcome Paynes1 We are happy to have you here. Barbara

Welcome Paynes1, I have been following your posts and I must say I find them very informative. Thank you for joining us, we're glad you're here.

The Marshall Plan
The Marshall Proposal of Assistance to Europe, July 10, 1947; European Recovery Program; Secretary of the Treasury, Alphabetical File; John Snyder Papers.

Pg 9 last pargraph.
"The most important being the establishment of REALISTIC RATES OF EXCHANGE among the European countries. Experience has shown that when a countrys RATES OF EXCHANGE are widley out of line with realitive purchasing power - the flow of goods is impeded."

How will they be able to justify a higher peg to make thier rates of exchange in line with other countries to the International Monetary Fund.

The Justification.
Icarus posted this awhile back http://dsbb.imf.org/vgn/images/pdfs/opguide.pdf
Low and behold we have a 77 page manual called International Reserves Foriegn Currency and Liquidity on page 62 apendix v we have the start of a template that Countries can submit exchange rate fundamentals on if you look at pg 65 under futures you notice a place where oil can be sold as a future.



http://www.imf.org/external/np/sta/i...eng/curmar.htm
This is the same format as the template. It has it all Sdrs, Futures, gold, Derivitives Etc. Morocco does not list oil as part of its exchange rate in the futures section. However, Morocco has a Exchange rate of http://finance.yahoo.com/currency/co...submit=Convert around 11 cents per us dollar, and thier Holding of currency within fund as of July 31, 2006 is http://www.imf.org/external/np/tre/t...ition_flag=YES


Tunisia has a template too, and it has includes the balance of payments, gold , securites, and it is the same as Moroco because it does not list Oil as a
Future.http://www.imf.org/external/np/sta/i...eng/curtun.htm
and there exchange rate is http://finance.yahoo.com/currency/co...submit=Convert 75 cents to US dollar. and there holding of the within the the fund as of July 31. 2006 is http://www.imf.org/external/np/tre/t...ition_flag=YES

What do get when you go to a major Oil Producing country and look at thier stats. http://dsbb.imf.org/Applications/web...t/?strcode=KWT You will see no template at all huh, makes you go hmmm.
Kuwait enjoys a high exchange rate with the US. http://finance.yahoo.com/currency/co...submit=Convert
It does not make sense that a country such as kuwait should have such a high exchange rate unless it is do to with oil.

Morocco has 517,756 362 in Imf fund holdings with 11 cent exchage rate.
Tunisia has 266,274, 397 in Imf fun holdings with 75 cent exchange rate
Iraq has http://www.imf.org/external/np/tre/t...ition_flag=YES
1,314,472,991 in Imf holdings. with a .00068 exchange rate. A tad bit undervalued exchange rate for a country that might have more reserves than Saudi Arabi and and between $1.00 and $1.50 extraction cost per barrell of oil.( Sporters Article)

Here is sporters article its a good read.
Oil in Iraq: the heart of the Crisis - Global Policy Forum - UN Security Council
This came form a prior thread.
http://www.investorsiraq.com/iraqi-g...light=peak+oil

The whole key to this is template of the Imf. They can use the foward contracts or futures options on the template to boost thier reserves position. We also know that Electonic Stabilization fund has been used stabilize the currency crisis in Mexico for oil payments an even Brazil has received some benefit from the ESF.

The Electronic stabilization fund also allows for alot of different types ways of intervention.
1. Purchase or sale of Foreign currency
2. Acquistion or use of special drawing rights.
3. Loans or Credit to other central banks such as the case with Mexico.
4.Wharehousing

The treasury seems to have more than enough money in the Esf to stablize Iraqs economy by helping defend its exchange rate.
http://www.treas.gov/offices/interna...ent_082006.pdf
Notice I said defend the exchange rate instead of backing it.

We have also learned that secratary of the United Staes has broad powers in being able to turn dollars into Sdrs.
By the way Sdrs are part of the International Monetary that allows the easier exchange rates between countries. Some Countries have thier currency pegged to the Sdr. I think I remember Jordan being one of them.

The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve Notes". The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve Notes..........................................

link The Truth About Money

We have also proved that it was this adminstrations objective to go go to war with Iraq prior to Bush taking office. Why would they go to such great lengths to go to war with Iraq unless it was about oil. If this is truly the case then the United States will back thier currency to have access to cheaper oil so we the Us will remain a super power and have a friendly mideast country to do business with that has the second largest reserve of oil in the world.

The International Community has also bought into the International Compact because it could possibly mean cheaper oil because Iraqs true potential as a Oil producing nation never has been tested and the the only thing that Goverments in the International Community care about is keeping thier own goverments running along nicely. They can only do this thru cheap oil.

I dont know when or what day but I smell money in the air.

Anybody else got any Ideas?

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Last edited by paynes1 : Today at 12:19 PM.


More Evidence of the Marshall Plan.

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Marshall said: “Our policy is not directed against any country or doctrine but against hunger, poverty, desperation and chaos.” Today is the time for a new international Marshall plan towards Iraq and the broader Middle East — directed not for or against any policy but against ignorance, tyranny, hatred and anarchy.

Marshall repaired the decaying infrastructure of Germany after six years of war and 12 years of Nazi rule. In Iraq we have had nearly 40 years of fascist rule and have been in practice at war for half that

It came from this Article Link A new Marshall plan for Iraq - Opinion Guest contributors - Times Online

Big wave Posted this back on 07-19-2005 from this
thread http://www.investorsiraq.com/iraqi-e...hall-plan.html
Thank you Big wave.

Just like BBbucks said it is straight out of WWII history books.

Facts

Paynes1.. a big Rolclub welcome to you!! You have posted some of the most fact based informative info I have seen.

paynes1 you made it!!!

I'm so glad to see you made it, whew copying all those links was a major pain in the wazzu.

So may I ask if you have a background in economics to make you so aware of the ins and outs of this iraq/dinar mess? Or are you just smarter than the average bear?

I really liked this part best of all that you posted....

The treasury seems to have more than enough money in the Esf to stablize Iraqs economy by helping defend its exchange rate.
http://www.treas.gov/offices/interna...ent_082006.pdf
Notice I said defend the exchange rate instead of backing it.

We have also learned that secratary of the United Staes has broad powers in being able to turn dollars into Sdrs.
By the way Sdrs are part of the International Monetary that allows the easier exchange rates between countries. Some Countries have thier currency pegged to the Sdr. I think I remember Jordan being one of them.

The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve Notes". The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve

Mainly because it puts to rest all that has been touted about Iraq not being able to back a high reval. In your opinion what do you think the reval could end up being? And also do you believe that the U.S. WILL use our SDR's to defend it? We sure have enough to do it and do it BIG.

And last question.....do you forgive me?

WELCOME!!

Cheers!
DayDream

Originally Posted by DayDream

paynes1 you made it!!!

I'm so glad to see you made it, whew copying all those links was a major pain in the wazzu.

So may I ask if you have a background in economics to make you so aware of the ins and outs of this iraq/dinar mess? Or are you just smarter than the average bear?

I really liked this part best of all that you posted....

The treasury seems to have more than enough money in the Esf to stablize Iraqs economy by helping defend its exchange rate.
http://www.treas.gov/offices/interna...ent_082006.pdf
Notice I said defend the exchange rate instead of backing it.

We have also learned that secratary of the United Staes has broad powers in being able to turn dollars into Sdrs.
By the way Sdrs are part of the International Monetary that allows the easier exchange rates between countries. Some Countries have thier currency pegged to the Sdr. I think I remember Jordan being one of them.

The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve Notes". The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve

Mainly because it puts to rest all that has been touted about Iraq not being able to back a high reval. In your opinion what do you think the reval could end up being? And also do you believe that the U.S. WILL use our SDR's to defend it? We sure have enough to do it and do it BIG.

And last question.....do you forgive me?

WELCOME!!

Cheers!
DayDream

I have PHD IN LIFE. POOR HUNGRY AND DESPARATE for the dinnars to revalue. When it revalues it will be of a major amount, after all this involves all the Paris club members , other countries they owed money , and the United States. The International Compact is a symbol of the International commitment of a prosperous Iraq. I look for a higher Revalue.

Originally Posted by paynes1

I have PHD IN LIFE. POOR HUNGRY AND DESPARATE for the dinnars to revalue. When it revalues it will be of a major amount, after all this involves all the Paris club members , other countries they owed money , and the United States. The International Compact is a symbol of the International commitment of a prosperous Iraq. I look for a higher Revalue.

Excuse me sir, when do you think we will start to see some movement!!!!!!

paynes,

thanks for coming to rolclub, im assuming you got my pm over at iif?

i have PHD also Pretty Heavy Drinker

Paynes your the man....your research is amazing. You prove all your points based on facts with links. Theres not much to argue or naysay to your posts. The only questions that lye out there is do they have the smaller denoms comming out. Theres been the one report 9 of 14 denoms printed are out so that leaves 5 to be unaccounted for. IS THIS A TRUE FACT???? My other question that i always wondered was is there 15 trillion in circulation or just printed with maybe half sitting in CBI vaults...hmmm???? Which leaves me to think how can they support a revalue of substainal value...and which Paynes just proved through the ESf defending to stabalize the rate and the goverment US Secretary has the power to control sdrs into dollars. Not to mention all the gold that was found that was said in articles. With that said If and when the smaller bills are put into place and thats a huge IF. That now is truly the last peice of the puzzle. IRAQ can revalue at what ever the HELL THEY WANT TO!!!!! yes i heard the rumor of appolo saying there getting ready to the small denoms out there and thats why the CBI website was down..blah blah blah I HOPE he is right...but i also keep in mind that hes a dealer looking to make a buck..so i take his post and rumors with a grain of salt. WOOOOT WOOOT is are train coming in soon or what!!!! Cause im ready to get off this 2 year train ride.