5-2-2012 *Adam Montana

[Vixen]

5-2-2012 *Adam Montana ~I feel the current "placeholders" [Ministers] can do an adequate job and the final seating isn't important enough to hold up an RV. Article 8 and Chapter 7 are very important, though. Article 8 is a financial/monetary thing with the IMF. Chapter 7 is a restriction placed on a country by the UN. For Iraq to have the full support of the IMF, they need to be in compliance with Article 8. For Iraq to have full legal rights as a sovereign country they need to be out from under Chapter 7. The question of which is more important is kind of a "chicken and the egg" question... does it really matter? I don't think so. We need them both. Kuwait was owed major amounts of money and nobody was going to let Iraq out from under that obligation until it was satisfied. It isn't 100% paid, but the MAJORITY of that debt has been taken care of. Again - it's a VERY good thing for us to see these things

5-2-2012 *Adam Montana ~If we think that everyone will go to the bank and walk out with a wheelbarrow or bucket full of cash, then...Iraq needs to have it all saved up and ready to pay out. Since that won't happen, we can allow for a credit system JUST LIKE THE USA has. We don't have enough gold our cash to cover all the 0's in all of our accounts and our debt, yet the "money" still exists. Iraq will work the same way.