Benjamin Fulford ~ Reader Update ~ 19 April 2012
From a reader:
Obama’s 50 Trillion Dollar Mistake
Washington, D. C.– Iraq economy coming back – US derailed by DINAR
Promises of the self-financed Iraq war advanced by Bush/Chaney administration were derailed by Obama Administration costing each US tax payer $414,000 – $1,150,000,000 or between $129,000 and $138,000 per citizen. Even by Washington standards that is a lot of money. By comparison the US debt is currently $138,000 per taxpayer and $50,000 per US citizen (http://www.usdebtclock.org/).
The national curency for Iraq, the Iraqi Dinar (IQD), was changed for US Federal Reserve Dollars during the Iraq War. After the new government was established in 2011 the new IQD were to replace the old US dollar as the currency. For alledged self serving reasons the Obama Administration thwarted the global community banking system from putting the exchange price in place. Since the US Treasury or the Federal Reserve were holding 7.5 Trillion IQD the potential gain to the US Treasury was between 33.8 Trillion – 92.1 Trillion Dollars.
Since there has never been an audit of the Federal Reserve or the US Treasury, the location of the 7.5 Trillion IQD is unknown. What is known is that along with the 7.5 Trillion IQD the US was given the right to buy Iraqi oil at approximately 30 dollars per barrel after a stipulated holding period rather than at market rates. The exact terms of this Bush/Cheney agreement are allegedly confidential. The problem is that the US lost most of its IQD when the Chinese requested the return of gold on loan to the US. The only collateral available to the US that the Chinese would accept, in lieu of gold, was the US IQD DINAR holdings. Sources say at least 3.5 and then another 3.0 trillion IQD were handed over to the Chinese since the US had not the gold to make good on this obligation. Since then both Venezuela and Switzerland have demanded the return of their gold.
This loss is not the fault of the Chinese, rather the profligate mismanagement of other people’s gold reserves by the Federal Reserve and Treasury a line which the Federal Reserve Act likes to blur at its convenience. Accorrding to sources the Chinese have been diligently working with IMF to solve this problem. Being the US’s largest trading partner the Chinese wish no ill for the American economy or it’s people.
The Ron Paul campaign has succeeded in bringing the corruption of the FED to the main stream to some extent, but his discoveries are only the tip of the iceberg. The White Hats organization have also focused the financial chicanerary of ourcurrent administration and prior administrations through their reports to be found at http://tdarkcabal.blogspot.ca/. In its 39th release it fingers very suspicious financial activity by both the Democratic and Republician parties and their respective nominees.
Our country’s full faith and credit depends upon ethics and fair dealings, as well as balance sheets. Failed delivery of other people’s gold symbolizes the worst bad faith and bad credit. When the final story is told about the gold and and silver markets manipulation we will learn just how bad that faith and credit were supervised by the Fed/US Treasury. A fee market economy should never depend upon manipulated markets.
If We the People do not monitor the government it is like leaving the teenagers at home with an unlimited credit card and we all know how that usually turns out.
Do you have any suggestions or comments on the content of this article. IT has already been reviewed by the White Hats representative.
Thanks for the information. A lot of Chinese were bribed with Iraqi oil by the Bushes to work against the White Dragon Society.
