Originally Posted by
Gloribee
Sorry to all, I did attempt to post this morning, but Marek did what he had to do...protect this site. here are the answers to my excitable qustions.
Gloribee
Hi all.
To start off I’d like to apologise if my extreme excitement was taken wrong. I am probably my own worst enimie when its comes to wanting proof about issues I am following up on before I post. Everyone needs to read as much Information as they can to be able to make there own decisions based on our Investment. As well thanks for all the PM’s offering article’s and link’s. They helped me a lot.
As most would know, I’m not that great at finding worthy news articles, as most can tell from my postings. By the time I come across a news item, someone has already posted it three days earlier. I find I am much better at e-mailing people, making cold calls to companies and agency’s. Sometime’s people loosen up and tell a little more than they should, or realise what they have told. Thus my “ Read Between the Lines “ comment. These tidbits are what lead me on my searches.
Oil news is very transparent in the news coming out of Iraq, and has been basically flogged to death. It’s the other issues that can sometimes get missed. That is why I’m currently following the “Gold “ trail and the “ Agriculture Industry “. These are another couple of major sources of income for Iraq and receive little exposure in the “ left wing press “. Bastards, sorry, its true.
Gold
As has been bantered about on occasion, some feel that oil alone can not back a large increase in the dinar. I for one believe it can, but wondered if it alone can not in fact back the increase, than what else doe’s Iraq have that can back it. We all believe, and with proof I might add that a large Reval is soon to be.
So how much gold doe’s Iraq have, was one of my questions. The reason I pushed hard on this was I have heard from three different people amounts ranging from 28 to 32 tons. This is a lot more than the current number of 8.5 tons. When I called someone I know who’s has a some what understanding of how this work’s he was kind enough to explain in a language I can understand.
His suspicions are that the 28-32 tons were due to the following:
A- This amount is the known amount being held in Iraq, plus
B- Proven ownership being held by foreign banks, plus
C- Questionable ownership, still requiring Investigation. These are accounts were the trail leads back to Iraq, but must still be proven, but have a reasonable amount of evidence to pursue for the return to the place of origin. ( Iraq )
Another question I had was how do you move this much and not be detected or noticed? The reply was for the most part it will be in the form of precious metals certificates and not the “ Drop it on your foot and go Ouch kind “
Proving ownership is a very involved and long process. This could take years in some cases, but could be used in there accounting of assets.
Another point he mentioned with-out me asking, was cash deposits. This is in the Billions and no solid amount is known. The hard part is decieding who really owns what. Wealthy Iraqi’s moved large sums of money out of the country and are in fact the legal owner’s, but have had their account’s frozen. The ounous is on them to prove they are legally entitled to these account’s. Again a timly process.
In the late stages, before the Invasion, large amounts of money were moved out of country. These were hidden in a sloppy manner, due to the urgency they had in getting out as much as possible and were credited back to Iraq with little time required to prove ownership. The harder issues are the shell companies, off-shore accounts, multiple Identities and such. You have to remember, it was not just Saddam piliging the country, but many individuals. This is what make’s it hard to track.
While Iraq is diligently trying to trace these stolen accounts, they do not want to take fortunes from Legitimate Iraqi’s, who transferred funds abroad, but now have their account’s being questioned.
Agriculture
This was my second question, and here is the reason why. For those who are not familiar with Canada, Saskatchewan is a major farming province, with thousands of farmer’s. This is why Agriculture tweaked my Interest. If you live in Saskatchewan it is hard not to know at least a dozen farmer’s, LOL
As we all know, Iraq has large reserve’s of water. I keep hearing that Iraq want’s to be a major exporter of food stuffs in the ME. What got me to thinking about this was How? I never really gave it much more thought than that until a friend, who also works for a major farming Implement dealer told me the “ buzz “ around his office was that the parent company was in the running for a major contract or at least a part of to sell and ship many, many millions of dollars worth of equipment to the middle east. I said Iraq? He did not know this part.
At first I thought some Iraqi people were here to get bids to supply equipment, but he said, no, usually brokers take care of these types of issues.
As well Iraq has been giving out Agri. Grants and is sending and paying schooling fees to some educated Iraqi’s to better themselves in the area of agriculture. Why do this, if you plan on just living off oil?
Now the part that really got my attention was this, the contract is to begin shipping in the first part of the New Year !! Now how are they going to pay? Not going to send a boat load of oil, definetly not credit, Iraq is not going to pay in US $ or Euro’s, They need these to pay off purchaces of the dinar buyback program that Scota so graciously keeps us up to date on.
So how are they going to pay? With Dinars is my bet. Which tells me it must be Internationally convertible !! Which to me says….Reval.
So there you have it. Gloribee is not all that good at hiding her excitement. Sorry if hard feelings were made, but I just want to provide good Information for you, and not something that needs lots more Investigation.
Please feel free to add any articles or comments to this thread. As more Information comes my way, I will add them here. Again, thanks to all who sent, by PM, articles, links and supportive comments.
Gloribee