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Thread: From FB 2-16-2018

  1. #1
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    From FB 2-16-2018

    Letís get the record clear on this Kuwait RV once and for all.
    I list the reasons why it is not as simple in the Iraqi dinar process as it was for the Kuwait dinar process. So letís begin with our analysis today.
    First let me say the RV was actually a re-instatement. There was never a revaluation.
    The currency was put on a free-market FLOAT by the IMF and the rise in rate (not value) was due purely by speculation. The value remained the same and eventually the results of the FLOAT leveled off and it returned to its true value, which was right around the re-instatement value in the first place.
    So letís look at the entire process of the 1990 and the KWT currency of the Kuwaiti dinar. So in the recent history of the KWT, there has been five issuances of the currency. We are concerned mostly with the last three (3) since these are the timeframes we talk about most in our rumors.

  2. #2
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    THIRD SERIES (the last prior to the invasion of Kuwait by Iraq) The third series was issued on 20 February 1980, after the accession to the throne of late Emir Jaber al-Ahmad al-Jaber al-Sabah, in denominations of 1⁄4, 1⁄2, 1, 5 and 10 dinars. A 20 dinars banknote was introduced later on 9 February 1986. As a result of the state of emergency after the Invasion of Kuwait, this series was ruled invalid with effect from 30 September 1991. Significant quantities of these notes were stolen by Iraqi forces and some had appeared on the international numismatic market. The “Standard Catalog of World Paper Money” (A. Pick, Krause Publications) lists notes with the following serial number prefix denominators as being among those stolen: ľ, Ĺ, 1, 5, 20.
    FOURTH SERIES (these are the ones many made millions off of) After the liberation of Kuwait by Operation Desert Shield, a fourth series was issued on 24 March 1991 with the aims of replacing the previous withdrawn series as quickly as possible and guaranteeing the country’s swift economic recovery. This fourth series was legal tender until 16 February 1995. Denominations were 1⁄4, 1⁄2, 1, 5, 10 and 20 dinar.
    FIFTH SERIES (the dinar they use today, just a security upgrade) The fifth series of Kuwaiti banknotes were in use from 3 April 1994 and included high-tech security measures which have now become standard for banknotes. Denominations were as in the fourth series.
    The process that actually took place:
    According to Business Times, 25 September 1990, when Iraq invaded Kuwait in August 1990, they order a 12 days currency exchange for the holders of Kuwaiti dinars at one to one exchange with Iraqi dinar, each Kuwaiti dinar was worth nearly US$3.50 before Iraq’s invasion of Kuwait.
    People who loss confidence on Kuwait change their Kuwait Dinar and the Kuwaiti currency soon withdrawn from circulation and has been replaced by Iraqi currency.
    During that time, Iraq don’t just replacing the Kuwait currency, they also seized gold, foreign currency and goods worth between US$3 billion to US$4 billion from the Institute of the financial institutions and trading in Kuwait. The Kuwait Central Bank’s vaults of gold and cash has been emptied by Iraqi troops.
    On 11 August 1990, The Business Times reported that banks and money changers had suspended the Kuwaiti currency trading, with many of them even shying away from quoting other Middle-east currencies.
    Most expatriates living in the Middle east during that time exchange their middle east currency with US Dollar. On 18 January 1991, Reuter reports that The Kuwaiti dinar has soared on Middle East black markets in the run up to a Gulf war in the expectation that A RESTORED GOVERNMENT WOULD HONOR THE CURRENCY AT ITS FORMER VALUE.
    After the invasion was over on February 1991, Kuwait issued new currency on 24 March 1991. On 21 March 1991, Kuwait Central Bank Governor Salem Abdul Aziz al-Sabah said 700 million newly-minted Kuwaiti dinars had already arrived in the vaults from Germany and London.
    The New York Times, March 25, 1991 reported the KUWAIT CENTRAL BANK IS CANCELING THE VALUE OF KUWAITI DINARS THAT WERE SEIZED FROM THE CENTRAL BANK AND PUT INTO CIRCULATION BY THE IRAQIS. The invalid serial numbers were posted in front of all banks in the city. All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
    In Kuwait Dinar case, the new official exchange rate (US$3.47) is almost the same as the value (US$3.50) before Iraq’s invasion. Kuwait government don’t borrow money from foreign institution for the Kuwait reconstruction. They have US$100 billion in overseas investments to help them for the Kuwait reconstruction.
    In the closing hours of the Gulf War in February 1991, the Iraqi occupation forces set ablaze or damaged 749 of Kuwait’s oil wells. All of these fires were extinguished within a year. Production has been restored, and refineries and facilities have been modernized. Oil exports surpassed their pre-invasion levels in 1993 with production levels only constrained by OPEC quotas. The gold looted from Kuwait had been return by Iraq on August 1991.
    The United Nations Compensation Commission (U.N.C.C.). also imposed a total of $53 billion in war reparations charges against Iraq. It concluded considering files and imposing charges at its June 2005 meeting. Iraq has paid $19 billion of these imposed reparations charges. The U.N.C.C. awarded Kuwait’s oil sector $21.5 billion and Kuwait’s government $8.2 billion. The U.N.C.C. also awarded Kuwait an additional $3.8 billion for claims arising from environmental damage.
    What is happening during Kuwait RV in 1991 and what happened with Iraq is totally a different situation. The remaining balance of these reparations had to be paid off or a deal cut with Kuwait that was also acceptable to the IMF. Late last year 2017, a deal was cut to export gas over a (soon to be built) pipeline from Iraq to Kuwait. This deal was needed to get Iraq out of Chapter VII).

  3. #3
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    “Basically when Saddam invaded Kuwait, the Kuwaiti Dinar was intentionally devalued so that Hussein wouldn’t reap the benefits of having confiscated a powerful currency. The Persian Gulf War ended Feb 28 and the revaluation took place within a month on March 24, 1991.
    You can see the revaluation was not a revaluation but IN FACT a re-instatement and it was actually 3 cents less than before the Iraqi invasion. Go figure? So how did anyone make millions then?
    Any increase in rate (not value) simply came from a mad, hysteria of speculation. It wasn’t that people were smart enough to purchase the currency on FOREX or thru a broker or have it as investors. Then go the bank and exchange it, like we will do with the Iraqi dinar.
    We can see the value was not de-valued like the Iraqi dinar and then revalued. So how did all these supposedly people make all these millions?
    Instead those that made any money off the Kuwaiti dinar would have had to make it off of getting the money out of the trash can or picking it up off the streets in Kuwait. Citizens literally threw the pre-invasion money out in the trash once Saddam Hussein issued his own dinar in Kuwait. They had no idea of what was to come later – the invasion and the liberating of their currency. You literally had to be in the right place at the right time to get rich off this dinar.
    So who did get rich then? Yes, there were some individuals like you and me who did get rich, but mostly it was the large investors who jumping on FOREX and caught the ride while it lasted.
    FACT or FICTION: The USA used the Kuwaiti dinar revaluation to pay off the National debt under the Clinton administration.
    This could not be farther from the truth.
    First, we know from reading the FACTUAL history of the process that took place it was not IN FACT a revaluation but a reinstatement.
    Second, it was only re-instated and the dinar actually came back at 3 cents less there is was prior to the invasion by Iraq.
    FACT or FICTION: the Kuwaiti dinar was taken out of the US reserves and exchanged it to pay of the National debt. No Kuwaiti dinar was “cashed in” and taken out the reserves to pay for anything.
    The Kuwait dinar was used to pay off the USA for the expense of the invasion and this is how this war paid for itself. This money was received by the US Treasury from Kuwait during the time of negotiations on the whether to raise the debt ceiling once again to borrow more money for the deficit spending for that last year of the Clinton administration. They had to do something.
    Remember president Clinton is the one who proposed the Gramm-Rudman-Hollings Act, which prohibits deficit spending unless in time of national emergency (like a war).
    The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget.
    The acts were named after U.S. Senators Phil Gramm (R-Texas), Warren Rudman (R-New Hampshire), and Fritz Hollings (D-South Carolina), who were all their chief sponsors. Under the 1985 Act, allowable deficit levels were calculated for the eventual elimination of the federal deficit. If the budget exceeded the allowable deficit, across-the-board cuts were required.
    During Clinton’s last year in office was one of the few periods where the USA was not “officially” at war. This was during the period of lull between the first gulf war and the second later gulf war. I call then the embargo years for Iraq.
    This is the period of ten years when they wanted to inspect and make sure that Iraq did not have any weapons of mass destruction. Also they wanted to wear down the government, the military and the economy to get ready for the second invasion that was to take place in 2003. So this money was used for this purpose. This is all that happened.
    The USA DID NOT use any of this money to pay of the National Debt, not a penny. It only prevented from adding to it. Did you hear me?
    There happened to be some money left over once they covered the amount of the deficit in that year’s budget, so instead of saving it and applying it to next years’ deficit, the incoming new president G. W. Bush gave out rebates to everyone just in time to gain popularity going into his second election.
    He knew there was not much of a chance in getting a second term and had to do something. Remember he also signed the Medicaid bill for prescription drugs to senior citizens about this time too. Lots of freebies to the voters in return for votes. Is all about votes. This is what they always do. It is not really about caring for YOU. It is about staying in power. We saw just how close the election was and if it was not for the rigging of the voting process in Florida, he still would not have made it to a second term.
    FACT or FICTION: Once re-instated investors climbed onboard and bought the Kuwait dinar and drove the price up to US$9.00 on float before the IMF capped it.
    This is about the only FACTUAL part of the entire saga to this story of rumors on the Kuwaiti dinar. So yes, if you did happen to have the Kuwaiti dinar, the correct series of the currency (fourth or fifth issued series),and you were following FOREX closely, you stood a chance to make some money and could have possibly made millions.
    But how many people had all these conditions just right in their favor? Like I said many of the invading Gis had the hard currency in their duffle bags and it was bought home. The military forbid this but they did it anyhow. The worst that could happen to them is that it could be confiscated upon inspection once arrived at home. They never inspected most of their luggage.
    So along with the FOREX daily watchers (educated investors) these GIs held this currency but they had to know to go to the bank with it. Most did not and missed the opportunity as the rate soon dropped back and normalized.

    FACT or FICTION: the US Treasury “exchanged” trillions of the Kuwaiti dinar once the rate rose to record levels on FOREX.
    The US Treasury was paid by Kuwait in US dollars not Kuwaiti dinar. Even with the US $9 FOREX hysteria, the US Treasury simply did not have enough Kuwaiti dinar to pay off the trillions of National Debt at that time., even if they wanted to.
    After all, the war debt with Kuwait was only in the billions not trillions and Kuwait was able to easily pay this IOU back to the US, as agreed would happen prior to the war. This was all an upfront agreement and the timing was perfect. Clinton was to look like a hero but not for the reasons you are made to believe.
    So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation?
    Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”.
    In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality.
    There is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations coming up on Feb 8th once again. Can they balance the deficit?
    Trump will look like a hero if they can and do it without closing down the govt again. As the US is not doing all this work in Iraq to just fight terrorism.
    This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar.
    This what we are looking for. This is our TARGET! Memories are short and this was even on the national news channels at that time, explaining it all to the American people.

  4. #4
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    but there ain't gonna be no rv cause there ain't gonna be no warka bank,,,,remember? lol

  5. #5
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    Quote Originally Posted by brazileiro View Post
    but there ain't gonna be no rv cause there ain't gonna be no warka bank,,,,remember? Lol

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