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FACT CHECK #52

FOUND AT DINAR RECAPS. SOMEONE CALLED “MOUNTAIN GOAT” OFFERS THE FOLLOWING:

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It did not RV is 2010 for a couple main reasons:

1) Maliki decided he was not going to play along and be part of the process, instead he decided to take on dictatorship attitude. He refused to carry out agreements made that would share his power and actually complete the government. Instead of having an actuall completed gov’t he seated over 3,000 positions at proxy positions.

These were not appointments, elected officials that were reviewed and approved by the parliament, which makes them legal. So instead he basically stacked the deck in his political favor so he had allies all around him to support him, gain strength and do his dirty work for his future dictatorship plans. Yes he had some plans for Iraq but not what everyone thought….

2) In 2008 the USA experienced the economic impact of the mortgage crisis. Bad securities (backed by bad mortgage contracts) sold by the federal reserve to back our national debt. It took until 2010 to come up with some scheme and a way to try to resolve this crisis.

All kinds of money was dumped into the banks to keep the liquidity and from them going insolvent (broke). This seemed to be a temporary solution since the money flowed out as soon as it was loaned to them.

We all heard about this on the news. So where did all this money go? This did not work so a new plan was needed. This was now a global financial issue not isolated to the US banks.

3) new banking laws and structures were necessary in Iraq so they could operate with the international community in the future and this would take time to put into place.

4) There was also the issue about sanctions being lifted as a requirement for an RV and the question is still uncertain for many. Would and could Iraq have RV’s without getting out of Chapter 7 sanctions? Coupled with the Maliki game playing at the time it was very doubtful. Negotiations also with Kuwait were ongoing and not yet settled. No way!

So in reality in 2010 there never was going to be an RV, there was no plan for it and it was just a lot of hype and misunderstanding on the part of the “intel providers” at the time. This too is when many of the intel providers began their conferance calls and continue to this day. But most importantly this is when many of you first invested.

So the plan to solve this now global economic problem was to seed large sums of Iraq dinar in the 3 zero notes of provisional currency in any bank that needed funds to meet the new liquidity requirements of the banking laws.  [etc. etc. etc. etc. ]

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FALSE. 

WE FIND IT HARD TO LET THIS COMMENTARY GO WITHOUT SOME ASSESSMENT OF ONE MAIN POINT CONTAINED WITHIN IT, WHICH WE FIND HARD TO BELIEVE IS ACTUALLY CLAIMED BY THE AUTHOR. WE ARE THREE YEARS PAST THE POINT AT WHICH “MOUNTAIN GOAT” CLAIMS THERE WERE NO PLANS WHATSOEVER TO “RV” IN 2010.  THIS IS SIMPLY NOT TRUE. WITNESS THE FOLLOWING LETTER WRITTEN BY ATTORNEY AL HODGES TO PRESIDENT OBAMA IN 2010 AFTER IT WAS KNOWN THAT HE PERSONALLY INTERFERED WITH EVENTS CRITICAL TO RELEASING A PORTION OF THE WGS, UPON WHICH CERTAIN BASEL III LINE ITEMS WERE TO BE FUNDED BY SAID RELEASE.   


http://michaelcottrell.wordpress.com/2012/10/10/hodges-and-associates-may-27-2010/

THE ABOVE LETTER SERVES AS PRIMA FACIA EVIDENCE THAT EFFORTS WERE INDEED UNDERWAY TO GET THOSE RESPONSIBLE FOR DELAYING WGS PAYMENTS (AND THE PORTION MENTIONED IN THE LETTER) RELEASED IN 2010, AND HAD THEY BEEN SO RELEASED, WE WOULD HAVE HAD EVENTUAL PROGRESS THROUGH THE ENTIRE BASEL PAYOUT LIST, WHICH WOULD HAVE INCLUDED THE RV EVERYONE WANTED THEN AND WANTS NOW. 

THERE WILL BE NO RV UNTIL THE WGS FUNDS ARE RELEASED. PERIOD.

THAT IS WHY WE DID NOT SEE AN RV IN 2010, AND WHY WE CONTINUE TO NOT SEE IT NOW.