12-8-12 Findmoney: It’s all happening right before your eyes. Just look. We are oh so close. I don’t believe some people should try to pin it down to Monday; but could be. And it takes a bunch to get me excited.
Turf wars are done. The USA, Britain, France and Germany have surrounded the ME with warships and troops. Asia and the BRICS are not gonna jack with the plan there. The BRICS are a problem if they buy oil from the ME not in US Dollars.
That’s what the whole deal is about. They are making deals amongst themselves to trade without using the world’s reserve currency (the US dollar). If the US allows that to happen in the ME we are toast and it won’t matter if the dinar RVs at 100 bucks.
I am excited!!!!! I have not been to this point. But I know when the steak is ready to pull off the grill. And I’m ready!!!!!!
Read More Link On Right
12-9-12 Sundog: The HCL is more important to the Kurds and the citizens of Iraq. The majority of oil is in Kurdistan. They are trying to agree on what percentage of oil sales goes to the Kurds - Kurds want 18% - Iraq - Maliki - doesn't want to give them that much.
Then the rest of the money is divided amongst the citizens. Think of the Indians and the Casinos - it's very similar. The Indians get benefits from all the casinos. It's a profit sharing problem. In Kuwait the average citizen doesn't work they collect benefits from the oil.
Remember the population in Iraq is equal to California or Texas - about 20 million - not many compared to our 300 million.
12-9-12 BGG: Very good news that Dr Shabibi is “still in the fight” (he’s on Arabic TV doing so) – alongside the UN, the Maliki opposition and quite likely the US (at this point). He points out (and re-butts Dr Suhail’s assertion the CBI should be an active investor in Iraqi infrastructure – by 8%) the foolishness of the current plan of the CBI to invest up to 8% of their reserves in Iraq. Shabibi is like – “who in their right mind does that???” – Not any other Central Bank even thinks of such things. Which is exactly why the CBI is supposed to be semi-autonomous…away from the GOI.
Further – he pointedly contradicts the assertion that anyone in the CBI had any hand in wrongdoing. He then goes on to blame Maliki’s overwhelming desire to borrow from the CBI reserves to do his bidding as the root of this drama.
Iraq wouldn’t have a care in the world if they got rid of Maliki and put in place a true power-sharing GOI. They have (quite possibly the biggest in the world) some massive financial reserves under the control of the UN and IMF they will get their hands on once they are released from CH 7 sanctions (which is highly unlikely while Maliki as at the helm).