U.S. Wants 'Most' Iraq Debt Forgiven

[Barrett808]

U.S. Wants 'Most' Iraq Debt Forgiven
By Glenn Somerville

SAVANNAH, Ga. (Reuters) - The Bush administration believes most of Iraq's debt must be forgiven to ensure the country's stability but will not specify a percentage, a U.S. official said on Tuesday.

The official, speaking on condition of anonymity at the Group of Eight summit, said the International Monetary Fund had circulated to creditors "a very detailed debt sustainability analysis" for Iraq.

Iraq's debts are estimated at about $120 billion, and Washington was expected to press Iraq's foreign creditors to forgive at least 80 percent of it as an Iraqi caretaker government prepares to take up the reins at the end of June.

"In our view, I think it's clear it shows the need for the reduction of the vast majority of Iraq's debt," considering its future oil revenues and costs of rebuilding the war-wracked country, said the official.

Iraq can potentially generate about $20 billion of oil revenues annually, but it has little other economic capacity currently, the official noted.

"Just the numbers show that in order to get a sustainable debt situation in Iraq, you're going to have to reduce the vast majority of that debt," said the official, who spoke as G8 leaders arrived for a three-day summit 80 miles away at Sea Island, Ga.

(more)

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20040608/pl_nm/group_iraq_usa_dc&cid=615&ncid=1480

[fertilizeonarbusto]

1. The Russians will LOVE that

n/t

[Media_Lies_Daily]

2. Wow...I don't see any attempt to forgive 80% of my debt.

[loudsue]

4. Me either! And I've been invaded by the same bush administration

that Iraq has! 18 months of unemployment after 9/11 put me in huge debt!

:kick::kick:

[Hawkeye-X]

3. I will accept the $200 million warchest that the BFEE

has sitting as partial repayment for the Iraqi debt, but the debt will not be forgiven and the US taxpayers will not be liable for it, but the BFEE and its oil & energy subsidaries will be held responsible for the repayment.

Hawkeye-X

[tandot]

5. Great...paid by US with OUR taxes

didn't they say at the beginning of the war that the costs of the war and rebuilding will be covered by Iraqi oil revenues?

Wait, they also said that "imminent treat" thingy and that they have all those stock piles of WMDs...Don't tell me they lied to us? They would never do such a thing!

What f*cking bastards...

[justjones]

6. But, but...what about all the money Iraq will earn from oil revenue?!(n/t)

[grouchy]

7. New member here.

If it would allow for the establishment of a strong stable government in Iraq, it would be a good thing for the world.

[Doctor Smith]

8. I'm sure the creditors will take solace in that.

[grouchy]

11. Just on of the risks

that creditors take. It happens all the time. Chapter 11.

[Commie Pinko Dirtbag]

19. Then the creditors

Should take the standard actions when debts are defaulted. Forgiving ain't one of them.

[Barrett808]

9. Welcome to DU, grouchy!

:hi:

[grouchy]

10. Thank you.

Just going to feel my way around.

[itsnoteasybeingreen]

12. I'm sure they will be able to

pillage $120 Billion worth of natural resources to make up for it.

[Teaser]

15. Ain't gonna happen.

It would be nice, though. Too bad it can't happen.

[Barrett808]

13. Iraq seeks to reduce compensation to Kuwait

(Al-Sabah al-Jadeed) - Vice-President Rosh Noori Shawis said that at the G-8 summit President Sheikh Ghazi al-Yawir would raise the issue of settling Iraq's compensation to Kuwait for the 1991 invasion. Shawis said the aim of raising this issue was to get rid of the heavy burdens on the Iraqi economy and to start the great reconstruction campaign.
(Al-Sabah al-Jadeed is an independent daily paper.)
http://www.iwpr.net/archive/ipm/ipm_092.html

Iraqi Press Monitor
http://www.iwpr.net/index.pl?iraq_ipm_index.html

[Mikimouse]

17. So, does this mean that Iraq will forgive the Kuwaiti debt...

as well. The debt that Kuwait owed to Iraq for 'protecting it during the Iran-Iraq war? How about the amount of oil stolen by the Kuwaitis through their practive of slant drilling into Iraqi oil deposits? Those were both relevant issues for the Iraqis when they occupied Kuwait in 1991.

[seemslikeadream]

14. The way I look at it that maybe the bush family debt we're forgiving

The CIA and Its Secret Experiments

with MKULTRA & Germ Warfare.

America’s Great State Secret

by

Gordon Thomas

(Author of Seeds of Fire: China And The Story Behind The Attack On America)

MINDFIELD

· Sensational never-seen-before documents from inside the White House, CIA and other agencies.

· Reveals the documentary evidence that links US Vice-President Dick Cheney and Secretary of Defense Donald Rumsfeld to the cover-up of the death of top CIA scientist, Frank Olson.



· Explains how the CIA financed a ruthless and systematic assault of the human psyche – using a British-born psychiatrist to spearhead the assault.

· Names other world renowned physicians who were involved in the most sinister research programme ever created by any United States government – and its secret partner – the British government.

· Reveals how a woman was programmed to become a CIA assassin.

· Describes how a CIA chemist was murdered by his own colleagues after he had turned to the one man he thought he could trust – a London psychiatrist engaged in similar work.

· Reveals how “expendables” – the CIA generic name for those selected for killing – were secretly murdered after they had been experimented on in Europe.

· Describes how the CIA used prostitutes and mental patients in other experiments.

· Explains how the CIA deliberately pioneered the drug culture whose effects are still with us.

· Reveals how the CIA agent selected to monitor the experiments eventually died at the hands of a physician steeped in the methods perfected by the CIA.

· Identifies how the CIA experiments are still carried on in secret establishments in Israel and China.

· Uncovers CIA terminal experiments on Vietcong prisoners in Vietnam.

· Publishes the CIA Manual of Assassination – a shocking document describing how to commit state-approved murder.

“Meticulously researched, Mindfield is a deeply disturbing story of hideous government experiments using drugs and behavioural modification. Teaching hospitals on both sides of the Atlantic were used. Many of the doctors who performed those experiments remain in high office today and still conduct those experiments with impunity. Mindfield is a terrifying warning how easy it is for elected governments to sanction secret experiments to control human behaviour. Gordon Thomas has meticulously taken us from incredulity to awareness of the Machiavellian lengths our governments go to in our unsuspecting name. This remarkable book is essential reading for all those in a trusted role to care for people. In every sense it is an outstanding text that reveals the darker side of medicine.”

Professor Anne White
M.C.S.P. Bsc M.D. F.R.C.P.A.
Assistant Clinical Professor of Medicine
Department of Psychiatry
McMaster University, Canada

http://www.gordonthomas.ie/mindfield.htm


PRESIDENT BUSH’S FAMILY LINKS WERE UNDER INVESTIGATION

PRESIDENT BUSH’S FAMILY LINKS
WERE UNDER INVESTIGATION
BY TOP U.S. SPY CATCHER
by
Gordon Thomas

Business links – involving “the mobilisation of trillions of dollars” – by President Bush’s father and his brother Neil, were under investigation by America’s top spy catcher, Paul Redmond, when he resigned.
A well-placed Washington intelligence source said that Redmond quit after a White House meeting with Vice President Dick Cheney and Attorney General John Ashcroft.
They are known as “The Enforcers” – ensuring there is no taint on the reputation of the increasingly embattled President with the failure to find any weapons of mass destruction in Iraq.
Already, said the Washington source, the two men have ensured Bush distances himself from Tony Blair’s claims that the weapons will be found.
But equally Downing Street will want to stay clear of the allegation that the President’s family were doing business with Saddam from 1989 up to months before the outbreak of the first Gulf War.
In a document obtained by the respected London-based International Currency Review, it was claimed that after a year long investigation, it had uncovered evidence “of the mobilisation of trillions of dollars in 1989-91”.
The document names a number of banks it alleges were “supervised by the Bush Sr White House” in the alleged transactions.
The banks identified in the document include the British Royal Family bankers, Coutts; Morgan Guaranty Trust and Chase Manhattan, New York; Banco Exterior de Espana, Spain; First International Bank of Denver in the United States.
Christopher Story, the publisher of the specialist Currency Review said the documents relating to the Bush family are “taken from a portfolio of papers” which was made available to the Review last July.

more
http://www.yourmailinglistprovider.com/pubarchive_show_message.php?glo ...

[seemslikeadream]

16. "Spies, Lies & Sneaky Guys: Espionage and Intelligence"

Paul Redmond is an internationally recognized authority on security, counterespionage, and counterintelligence, with hands-on experience throughout Western and Eastern Europe, Southeast Asia and the Former Soviet Union.


Mr. Redmond is a member of the Technical Advisory Group to the Senate Select Committee on Intelligence, and a Consultant to the House Permanent Select Committee on Intelligence. He serves on the Steering Committee of the Crime and Loss Prevention Institute, Northeastern University College of Criminal Justice.


During his thirty-year tenure at the Central Intelligence Agency, Mr. Redmond managed the CIA’s extensive counterintelligence organization, and counseled three succeeding Directors of Central Intelligence on highly sensitive counterintelligence matters, including technical and personnel security concerns. He established and built productive working relationships with NATO and with foreign intelligence and security chiefs worldwide. Redmond oversaw the counterintelligence aspects of personnel, computer systems and physical plants in the U.S. and abroad, and supervised the support provided by the CIA to the private sector relating to commercial counterespionage. He was instrumental in the apprehension of Aldrich Ames.
http://www.sabatiergroup.com/redmond.html



Paul Redmond, who headed counterintelligence for the CIA, was appointed to the U.S. Department of Homeland Security after meeting UD students in the Global Agenda series.

http://www.udel.edu/global/agenda/2003/gallery.html

[crossroads]

18. This is... bullshit...we are paying... $2 a gallon... for gas?

Where is the... "Iraq will subsidize itself with the oil revenues"...
:mad: :grr: