Washington may lift the immunity from Iraqi funds and stop debt cancellation if they fail to sign Security Agreemen

[arh777]

Osman: Washington may lift the immunity from Iraqi funds and stop debt cancellation if they fail to sign Security Agreement
By GA By GA

Published 1.10.2008, 18:51 Published 1.10.2008, 18:51
ع-2

According to a member of the Iraqi Council of Representatives lawmaker Mahmoud Othman, the Kurdish Alliance and there were reports about the possibility of lifting the immunity from Iraqi funds deposited in American banks "in the absence of security signing of the agreement between Baghdad and Washington", revealing the "intention of the Paris Club of creditor nations to cancel its own resolutions adopted by the Over the past three years on the reduction of Staff on Iraq "For the same reason.
ه". The Iraqi President Jalal Talabani said in a press conference held on Monday evening after returning to Iraq that "lack of results on the Convention Iraq - America is not good for Iraq, because it could endanger the confiscation of Iraqi oil to the view of the risk of lifting immunity," he said.
ة". Othman said in an interview with "Uzmatik" said Wednesday that "an Iraqi President Jalal Talabani on the possible lifting of the immunity from Iraqi funds resulting from imports of Iraqi oil, came after long visit to the USA, there appeared to be heard from American officials on the existence of such a trend U.S., in the absence of the signing of security during the short period ahead. "
". Osman added that "the lifting of the immunity from Iraqi funds in U.S. banks meant to freeze all funds that come from imports of Iraqi oil as there action in the American justice seizure of such funds, but that the decision of immunity to these funds is what these cases are not effective now."
". Othman said the news was leaked to lift the immunity from Iraqi funds "is also in the context of American pressure on the Iraqi government to expedite the signing of the Convention security, as well as clarify the consequences for Iraq in the absence of signing the agreement between the parties."
". A deputy from the Kurdistan Alliance revealed the existence of information that "the structure of the Paris Club of creditor nations to cancel its own resolutions taken during the past three years on the reduction of court imposed on Iraq over the past three years, demand from the Iraqi government to pay all debt, including debt Have been abolished in the absence of security signing of the agreement between Baghdad and Washington. "
ل. The Alondenbndnt newspaper had published a report in June said last month that he in Iraq about 50 billion dollars in the U.S. central bank used by Washington to pressure the Iraqi government and force them to sign the Treaty on the long-term security.
. The paper says that Iraq's financial reserves abroad protected by presidential order U.S. gives immunity from prosecution, but the U.S. side says that if the expiry of the United Nations mandate, and without an agreement to replace lost Iraqi funds that immunity, which means the loss of Iraq for almost 20 Billion dollars, because Iraq is still constrained by the legacy of the international embargo imposed after it invaded Kuwait in 1990, which means that Iraq is still considered a threat to international security and stability under Chapter VII of the Charter of the United Nations.

http://209.85.171.104/translate_c?hl...gQDXHxPjKDUcxQ

[exmerc27]

All i have to say is ABOUT EFFIN' TIME!! Cut those suckers off make em' use their own money! Maybe then we could see some stuff get done.

[Okee]

The Heat Is On!

[teekaay]

It's about GD time!!! Maybe they'll get the point now.

[Tattoo4u]

just do something with this friggin speculation so we can cash out with the lop crowd or do it with the RV crowd, don't really care which!

[deanswanson]

A few more turns of the vice and guess whats in it????

[deanswanson]

God, where are the George Paton thinking people of the would." Grab um by the nose and kick um in the .

[BBdentman]

Go ahead and start your country and we will let you have your money. It is as simple as that.

[spartakis]

hoefully theres more in the agreement then just the security act

[KnightsCharger]

Talabani was in the US, he met with the administration, once you cut through the arablish, the message is loud and clear! anyone interested?

[BBdentman]

Talabani was in the US, he met with the administration, once you cut through the arablish, the message is loud and clear! anyone interested?

OOOh yea give it to me.

[BIG_JOHN]

Talabani was in the US, he met with the administration, once you cut through the arablish, the message is loud and clear! anyone interested?

What message would that be?

[pittsoli]

pretty please!!!!!!!

[pballaera]

Well theres over 4100 good reasons not to give them a red cent and more reasons to freeze all there damm oil money.Sign the Agreement Tali!!!

[What]

No soup for you!!!

[KnightsCharger]

Ok here it is, I brought this idea out for debate last year, I labeled it "The Economic Nuclear Option" of sorts. For those that thought GWB had no power to effect change in a divided Iraq, here goes.

Talabani was informed that if the Iraqi parliment continues to stonewall on the benchmark legislation, He (GWB) would ensure that Iraq pays a significant price before he leaves office. I'm positive that the administration, possibly GWB himself told Talabani if the benchmarks are not met by Dec. 31, 2008 he will revearse Presidential Order 13303, effectively opening up all of Iraqs assets for the next 20 years to litigation, that is why Kuwait and Saudi Arabia have held back on debt relief.

Iraq will be bankrupt for the foreseeable future, infllation will go hyper overnight, the ISX will collapse and all banks accounts will be siezed. And that is exactly why many of us have held our fire on investment in any Iraq institution or bank beyond currency holding. This ones serious everyone is at risk!!! Don't tell me GWB can't effect policy in Iraq we will soon see. IMO!

[Dinar123]

Thanks arh777, they definitly need to get of their butts and get things rolling alot quicker...if they don't want to, freeze it all baby.

[REITman]

Outstanding! It's about time we played hardball with these worthless bums. About a year late but I'll take it.

[Alphamystic]

Ok here it is, I brought this idea out for debate last year, I labeled it "The Economic Nuclear Option" of sorts. For those that thought GWB had no power to effect change in a divided Iraq, here goes.

Talabani was informed that if the Iraqi parliment continues to stonewall on the benchmark legislation, He (GWB) would ensure that Iraq pays a significant price before he leaves office. I'm positive that the administration, possibly GWB himself told Talabani if the benchmarks are not met by Dec. 31, 2008 he will revearse Presidential Order 13303, effectively opening up all of Iraqs assets for the next 20 years to litigation, that is why Kuwait and Saudi Arabia have held back on debt relief.

Iraq will be bankrupt for the foreseeable future, infllation will go hyper overnight, the ISX will collapse and all banks accounts will be siezed. And that is exactly why many of us have held our fire on investment in any Iraq institution or bank beyond currency holding. This ones serious everyone is at risk!!! Don't tell me GWB can't effect policy in Iraq we will soon see. IMO!

Hmmm, very interesting. Looks like others, besides us, are getting a little fed up.

[GottaDash]

Thanks for the post three 7's.

Interesting, I wonder why the US didn't play this card in June???
IMO, this is bad for Iraq.

If they don't get a signed SOFA, they will have to pay back ALL debt to the world. Even the forgiven debt.
They will still be under Chapter VII which includes all Sadaam era embargos.
Tough to sell all that oil under embargos.
And, with the way the world economies are shaping up, they are going to have a tough time trying to get the debt forgiven on their own.
Paris Club won't let them out from under Chapter VII without a signed SOFA - it's part of Chapter VII.
Under Chapter VII they are still considered a threat - not good for them.

From my comfy computer chair, it looks like they have three options. Maliki can become a dictator (warning the previous comment might make you snort your drink...careful), they can go to Iraq and say "take us," or they can sign the SOFA.

Should be interesting.
-Dash