Highlights/Thoughts
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1. Basel 111 laws do not allow for this situation
2. Situation would cause United Nations issues and go against the contracts related to the Paris Club
3. Rudy thinks the US would get first dibs on an early opportunity to cash in given how much the US spent on liberating and democratizing Iraq
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IF YOU LOOK AT BASEL 111 LAWS ABOUT GOVERNANCE AND TRANSPARENCY IN THE OPEN MARKET PERTAINING TO BANKS AND THEIR TRANSACTIONS, THIS WOULD BE CONSIDERED ILLEGAL, NOW I WAS ASKED TO COMMENT, AND I DID. I AM NOT NEGATING I AM ONLY OFFERING MY OPINION. THIS WOULD CAUSE SOME UNITED NATION ISSUES AND ALSO GO AGAINST THE CONTRACTS THAT IRAQ HAS WITH THE PARIS CLUB. IF ONLY FOR RATIONAL THINKING, YOU WOULD ASSUME THAT THE UNITED STATES HAS MORE MONEY INVESTED AND OWED TO US THAN ANY OTHER COUNTRY. I WOULD THINK THAT WE WOULD BE THE FIRST NATION TO HAVE AGREEMENTS OF THIS KIND WITH IRAQ. HOW MUCH TIME, EFFORT, AND INVESTMENT HAS JORDAN PERFORMED WITH IRAQ. I BELIEVE THEY WERE NOT EVEN INVOLVED MILITARILY IN THE WAR EFFORTS. WE DONT CREATE OUR OWN FINANCING, WE ALSO AS A COUNTRY BORROW OUR MONEY, THEN CREATE BONDS AND SELL THEM IN THE OPEN MARKET TO FUND OUR ENDEAVORS. IT HAS COST US A TRILLION DOLLARS, JUST TO LIBERATE AND DEMOCRATIZE IRAQ. WE WOULD GAIN THE MOST FROM AN AGREEMENT LIKE THIS. WHY WOULD THEY BE FIRST IN LINE. I AM ONLY THOWING OUT THIS SO YOU CAN THINK ABOUT IT.
I DONT MEAN TO DISCREDIT ANYONE, OR PUT ANYBODIES INTEL DOWN, I AM ONLY RESPECTFULLY QUESTIONING THE RATIONAL BEHIND THIS.
RUDY
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