When Bremer Ruled Baghdad How Iraq was Looted

[Psycho4Bud]

2 million from what?weed?

Capitol gains tax.............15%. Oh how eg would love this.........

Have a good one!:s4:

Psycho4Bud Reviewed by Psycho4Bud on 04-30-2007. When Bremer Ruled Baghdad How Iraq was Looted Hi i found this article By EVELYN PRINGLE When President Bush announced "Mission Accomplished," and the end of the war in May 2003, he also said we would help the citizens of Iraq rebuild their country. "Now that the dictator's gone," he stated, "we and our coalition partners are helping Iraqis to lay the foundations of a free economy." Apparently he was referring to the Coalition Provisional Authority that took up residence in Saddam's luxurious palace in May 2003, with the newly Rating: 5

[fishman3811]

Well at least someone is benifiting from this war it sure isnt the Iraqi people that you choose to invade.

[Psycho4Bud]

Well at least someone is benifiting from this war it sure isnt the Iraqi people that you choose to invade.

They will be with the new oil law. The average Iraqi household income is now $1,500/yr. The new oil law has a provision like in Alaska where all Iraqi citizens will receive an annual check starting at $3,500. Money talks, bullshit walks..........they won't have much time for insurgency with a pocket full of change. Something that Saddam and sons never did. MOST of the people will be yippy skippy!

Have a good one!:s4:

[Psycho4Bud]

1932 Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the Iraqi dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.

1932â??1949
1949â??1971 Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.

1959â??1967 Iraq officially uncoupled the Iraqi Dinar from the pound sterling as a gesture of independence in 1959, but the Iraqi dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.

1971 One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.

1973 Upon the devaluation of the United States dollar in 1973, the Iraqi Dinar appreciated to US$3.39.

1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980.

1982 In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.

1988 In early 1988, the official dinar-dollar exchange rate was still Iraqi dinar (ID)1 to US$3.22; however, with estimates of the nationâ??s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinarâ??s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.

1986â??2003 1986â??2003 between .33 cents to 1.32 to a dollar.

2001 Oil-production: 2.452 million bbl/day (2001 est.); note â?? production was disrupted as a result of the March-April 2003 war (2001 est.)

2002 GDP: purchasing power parity â?? $58 billion (2002 est.)

2002 Exportsâ??partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002)

2003 In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027.

2004â??2005 August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.)

2006 As of Jan 1st 2006, the official Iraqi dinar-US dollar exchange rate is ID1 to US$$0.00067.

Have a good one!:s4:

[fishman3811]

The new oil law gives their oil to American oil corporations and what they get .01 percent of royalties boy how nice of u guys.You steal their oil and give them a small percentage back just to shut them up.Well at least that 3500 dollars can buy a ticket out of Iraq.

[Psycho4Bud]

The new oil law gives their oil to American oil corporations and what they get .01 percent of royalties boy how nice of u guys.You steal their oil and give them a small percentage back just to shut them up.Well at least that 3500 dollars can buy a ticket out of Iraq.

1%??? LOL....they start off with 25% until the investment is paid off then they receive 80% of ALL revenue after that. This ONLY pertains to new investment.......current rigs, etc. is already under contract where they receive somewhere between 80%-90% of gross profit.

Have a good one!:s4:

[fishman3811]

Where did u get this info from?Smells like bullshit to me.

[Psycho4Bud]

Where did u get this info from?Smells like bullshit to me.

Do a google search or look through the forum here.....I know it's been posted and also has a thread dedicated to it. No smell dude, just the facts:thumbsup: .......fair and balanced!

Have a good one!:s4:

[fishman3811]

Yeah just like FOX LOL

[medicinal]

Yeah just like FOX LOL

Sounds like a clusterfuck with the Iraqis on the bottom. Maybe I should buy some Iraqi dinars, I could probably afford a couple a thousand.