Iraq takes another step toward conquering debt

[Psycho4Bud]

As part of an ongoing restructuring of foreign debt left over from the Saddam Hussein era, Iraq late last year agreed with its commercial creditors on a swap of old debts for new Iraqi bonds. Once the new bonds officially start trading on world markets, investors will get a chance to vote with their wallets on the country's future.

"This is just yet another step on the road to Iraq's normalization with the global financial community. We see this as solid forward progress," says Timothy Adams, the Treasury department's undersecretary for international affairs.
http://www.usatoday.com/money/world/...raq-usat_x.htm

Starting to trade on world markets.....progression is sweet!!! :thumbsup:

Psycho4Bud Reviewed by Psycho4Bud on 01-20-2006. Iraq takes another step toward conquering debt As part of an ongoing restructuring of foreign debt left over from the Saddam Hussein era, Iraq late last year agreed with its commercial creditors on a swap of old debts for new Iraqi bonds. Once the new bonds officially start trading on world markets, investors will get a chance to vote with their wallets on the country's future. "This is just yet another step on the road to Iraq's normalization with the global financial community. We see this as solid forward progress," says Timothy Rating: 5

[andruejaysin]

Isn't "restructuring of dept" another way of saying "bankruptcy"?

[bonsaiguy]

Psycho, here's my take on the middle east, including Israel.
They have been killing each other off for several thousand years. It is my opinion that rather than wasting our money and time trying to convert them to our way of doing things, we should simply distance ourselves from them in any way shape or form. We remove any and everything that we have placed in those countries, oil rigs, pipelines, bases, money, etc. including Saudi Arabia and any other so called allies from that region and issue a single declaration.
Do as you will with each other, kill each other off if you so desire but be advised that there are several nuclear subs that are now on permanent duty in the mediterranean or thereabouts, all carrying a nice load of ICMB's. Again, do as you will with each other or work it out, but step outside your own borders with any form of agression directed towards us or our allies and your country will be reduced to a sheet of glass. In other words, mind your own biz, kill each other off for all we care, but fuck up and you die. I suspect that worst case, we will only have to launch one missile. Time and time again many of our so called allies, the Taliban, the Saudi's, Iran, Iraq, etc, have all turned on us because, when you play with snakes, you will eventually get bitten. We need to stop fucking with other cultures and stop trying to "march freedom" by force. Then maybe, just maybe we can focus on getting our own shit together.

[VoidLivesOn]

Psycho, here's my take on the middle east, including Israel.
They have been killing each other off for several thousand years. It is my opinion that rather than wasting our money and time trying to convert them to our way of doing things, we should simply distance ourselves from them in any way shape or form. We remove any and everything that we have placed in those countries, oil rigs, pipelines, bases, money, etc. including Saudi Arabia and any other so called allies from that region and issue a single declaration.
Do as you will with each other, kill each other off if you so desire but be advised that there are several nuclear subs that are now on permanent duty in the mediterranean or thereabouts, all carrying a nice load of ICMB's. Again, do as you will with each other or work it out, but step outside your own borders with any form of agression directed towards us or our allies and your country will be reduced to a sheet of glass. In other words, mind your own biz, kill each other off for all we care, but fuck up and you die. I suspect that worst case, we will only have to launch one missile. Time and time again many of our so called allies, the Taliban, the Saudi's, Iran, Iraq, etc, have all turned on us because, when you play with snakes, you will eventually get bitten. We need to stop fucking with other cultures and stop trying to "march freedom" by force. Then maybe, just maybe we can focus on getting our own shit together.

If only alot of other people thought this way aswell.

[scobbie]

Psycho, here's my take on the middle east, including Israel.
They have been killing each other off for several thousand years. It is my opinion that rather than wasting our money and time trying to convert them to our way of doing things, we should simply distance ourselves from them in any way shape or form. We remove any and everything that we have placed in those countries, oil rigs, pipelines, bases, money, etc. including Saudi Arabia and any other so called allies from that region and issue a single declaration.
Do as you will with each other, kill each other off if you so desire but be advised that there are several nuclear subs that are now on permanent duty in the mediterranean or thereabouts, all carrying a nice load of ICMB's. Again, do as you will with each other or work it out, but step outside your own borders with any form of agression directed towards us or our allies and your country will be reduced to a sheet of glass. In other words, mind your own biz, kill each other off for all we care, but fuck up and you die. I suspect that worst case, we will only have to launch one missile. Time and time again many of our so called allies, the Taliban, the Saudi's, Iran, Iraq, etc, have all turned on us because, when you play with snakes, you will eventually get bitten. We need to stop fucking with other cultures and stop trying to "march freedom" by force. Then maybe, just maybe we can focus on getting our own shit together.

Very well put my freind