The Iraqi 126 billion US$ debt gets a shave...

  

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Extra text to 22 Dec

Below you find a simple model upon how to cut the Iraqi debt in half (or less). Of course I go for the 'maximal shave' so I simply do not buy much crap in this. For example the Japanese are wrong with their arguing and stuff will according the lines below. (Because I want to give the Iraqis a bouquet of 'flowers' meaning at least 3000 US bucks per Iraqi written off... And when I say 'at least' it surely is 'at least'.)  

Countries who think that they can make their own arguments in this are invited to do so, but they are invited equally to think upon the possible consequences in this. 

Still I am far from some detailed insight (on a 'million detail' for example) into the building up of this particular total debt but on a rough scale it is more or less as the next:

- The countries within the so called 'Paris-club' have 40 billion US$ in their books while
- Arab & non-Paris-club countries have 80 billion in outstanding not received payments. 

But I will go for some 'maximized shave' in this and hope that the average shaving per Iraqi will be at least 3000 US dollars (while hoping for more). Also to individual foreign companies stuff must be more or less reasonable so when they go bankrupt on my proposals they are granted to withdraw from this. The shaving lines will be like the next quotes:  

(Partial) homepage cache from 19 Dec:

 

  • All weapon selling companies have just bad luck I guess (since Saddam was clearly not the 'military future' as you could have seen in the Iraqi-Iranian war) &

  • Other companies that won't go broke on this or do not have to indulge in mass layoffs have bad luck too, but this bad luck must be 'reasonable' &

  • All government institutions that are owned money by Iraq can take a look in the mirror and ask themselves questions upon the brilliant performance of all (secret) intelligence service and the wonderful results of that decade long economical sanctions. So you have bad luck too I just guess. 

So far this debt.

Hey! Now I have a brilliant idea! Why not recalculate all foreign Iraqi debt in US dollars? It's on a mighty fall anyway and there will be some 'free' reducing of the left over debt of many percent in so little months...

And oh oh oh, if I only could be president of the USA for just one day. So many nukes under my ass that I would nuke all debt away!  ;)  [May be now it's time to stop writing.] 

 

End of the quotes that might bring a bit of bad luck to some weapon selling companies... Sorry folks, may be you have more to come...

But let me end this nice file with a bit of explaining how I would nuke away the remaining Iraqi debt. That looks difficult but is in practice not that difficult:

 

All countries that still want money from Iraq get the following instructions (from the so called WarTribunal);

  • Each of those countries must add all the numbers up and write them on a paper.
  • On that paper will be that total number plus some bank account number to make this payment to.
  • All countries must select an usher that will bring the paper to the representatives of the WarTribunal in the following way;
  • On 26 July 2004 this usher must come with a canoe at noon exactly at the Bikini atol carrying a (water proof) paper with the wished debt and the bank account number...
  • At Bikini atol there will be a flag and all canoes can gather under that flag (of unnamed nationality) and share positive emotions upon the incoming payload.
  • Sneakily the WarTribunal asks the US army if they are willing to 'go short on a nuke' for 'just one day' (of course they do this, that is only standard policy operational stuff) &
  • Much more sneakily I get a cell of US operators with it.
  • After that it will be noon and suddenly all remaining debt is nuked away on the Bikini atol... (really true!)  

_________________________ 

 

Back to earth, this file started very serious and gradually emerged into hilaric stuff. Please my dear reader separate fun from serious stuff and know that not all debt can be shave away. And that is simple for the reason that the entire Iraqi people did let rule Saddam for so long, so if they think their 'clan structure' is that important they must know that stuff like that is not for free...  

Title: A Little greeting card to all Iraqi debt owners.  
          

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End of extra text.

 

 

 

 

 

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