Another Extension of Executive Order 13303



My friends, if you’ve been with me a LONG time you’ll know I wrote about this when it was extended last year.

This year we are closer than before, and we see yet another extension of Executive Order 13303… of note is the fact that Obama took care not to mention that this order gives us the right to invest in Iraq.

It is also important to note that our government is showing it’s determination to stick this out as long as possible.

My chat from last night is below, as well as the Executive Order announcement.

Adam Montana Chat May 18:

[Adam Montana] sorry for the short notice on the changed chat schedule.

[Adam Montana] I am an early riser, and I often have to get to bed early

[Adam Montana] so i can be up at the early hours by Iraq’s standards

[Adam Montana] and the 9PM chats were getting in the way of other business

[Adam Montana] I know a lot of people think this investment is all about “intel” and “updates”, but that isn’t true

[Adam Montana] a lot of you know this arleady

[Adam Montana] the REAL benefit from this investment comes AFTER the RV

[Adam Montana] not before[Adam Montana] everything before is just fluff

[Adam Montana] all the intel in the world won’t make you any money

[Adam Montana] you invested because you thought it was a good idea

[Adam Montana] if you think it isn’t, get out. Sell your dinar

[Adam Montana] i think it’s a GREAT investment

[Adam Montana] so I’m still here, and I’m working on what to do AFTER the RV

[Adam Montana] making a million will be great, but I’m not the type to blow an opportunity

[Adam Montana] and a million dollars is more than a million dollars… it’s an opportunity to make a couple more!

[Adam Montana] VIP members will get access to everything I’m working on for Post RV

[Adam Montana] and that’s all I’ll say about that [Adam Montana] ok so tonight

[Adam Montana] let’s keep it short!

[Adam Montana] there is some big news that everyone has been speculating about – EO 13303

[Adam Montana] if you search”dinarspeculation.com executive order 13303″

[Adam Montana] you’ll find an article I wrote before most of the modern day “gurus” even heard about the dinar

[Adam Montana] LOL

[Adam Montana] and then our gracious mod Riley is going to fire about 10 questions from the members at me

[Riley] Cgbrown: Are there any banks still selling Dinars, that you know of??? 2. Have any deals beside Ali stopped selling dinars???

[Adam Montana] first EO 13303

[Riley] oops sorry sir

[Adam Montana] it’s kind of strange the way Obama presented it

[Adam Montana] (no problem Riley <smile> )

[Adam Montana] let’s talk about EO 13303

[Adam Montana] there has been a lot of talk about how Iraq gets funds released

[Adam Montana] how they have to do something by then

[Adam Montana] or they will owe money

[Adam Montana] etc etc

…………… (message clipped)

Read the entire chat here: Adam Montana’s May 18 7PM chat


Executive Order:

Office of the Press Secretary

For Immediate Release May 17, 2011Notice from the President regarding the continuation of the national emergency with respect to the stabilization of Iraq
On May 22, 2003, by Executive Order 13303, the President declared a national emergency protecting the Development Fund for Iraq and certain other property in which Iraq has an interest, pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701‑1706).  The President took this action to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq.
In Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive Order 13438 of July 17, 2007, the President modified the scope of the national emergency declared in Executive Order 13303 and took additional steps in response to this national emergency.
Because the obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States, the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Orders 13315, 13350, 13364, and 13438, must continue in effect beyond May 22, 2011.  Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency with respect to the stabilization of Iraq.
This notice shall be published in the Federal Register and transmitted to the Congress.
BARACK OBAMATHE WHITE HOUSE,May 17, 2011.

Follow up chat from this morning, regarding the IMF situation:

[Adam Montana] morning all!

[Adam Montana] just doing a driveby here

[Adam Montana] I just saw on the news

[Adam Montana] that the director of the IMF has resigned his position

[Adam Montana] effective immediately

[Adam Montana] someone asked in last night’s chat

[Adam Montana] if this was important

[Adam Montana] well

(message clipped…………)

Read the full chat here: Adam Montana’s follow up chat May 19 7AM

 

6 Responses to “Another Extension of Executive Order 13303”

  1. glory says:

    THANK YOU ADAM !

  2. terry says:

    This is some good infomation thought you might like to read

    Iraq Pays Its FAO Debts That Exceeded US$5 Millions
    Baghdad, 18 May 2011 ( Aswat Al Iraq )
    Iraq has paid its debts to the UN Food & Agriculture Organization (FAO), that exceeded US$5 millions, a FAO statement announced on Tuesday.
    “Iraq has achieved an important step in its efforts to restore its international goodwill, through paying its debts to the FAO, based in Rome,” Iraq’s Representative in FAO, Hassan al-Janaby, told Aswat al-Iraq news agency.
    Janaby said the debts were accumulated due to Iraq’s failure to pay its subscription fees in FAO since 1991, that exceeded US$5 millions.
    “The Iraqi government had resumed paying its FAO’s subscription fees since 2004 that covered the accumulated fees till that year,” he added.
    Noteworthy is that Iraq had nominated its former Minister of Water Resources, Dr. Abdul-Latif Rashid, for the post of FAO’s Director-General, elections for whom will take lace in FAO’s 37th Conference, scheduled to convene at the end of June next.
    The Iraqi government is striving to build a hall in the name of Iraq in FAO’s headquarters, similar to other states, adding another achievement in Iraq’s relations with the Organization, assigned to fight hunger and poverty in the world, in which Iraq had been a founding member, Janaby’s statement concluded.
    Iraq’s Finances Ministry Releases 50% of Provinces Development Budgets
    18 May 2011 ( Al SumariaTV )
    Iraq’s Finances Ministry announced on Monday that half of the ministries and provinces’ allocations for the year 2011 were released.
    The ministry announced that there is a number of proposals calling to increase allocations in next year’s budget.
    After meeting with Najaf governor and head of the provincial council, Iraqi Finances Minister Rafea Al Issawi announced in a joint press conference in Najaf with Iraq’s Habitat and Construction Minister Mohammed Al Daraji that 50% of the provinces development budgets for all ministries and provinces have been released. The Ministry has a number of proposals for 2012 budget that consist of increasing next year’s resources and allocations, Al Issawi said.
    Al Issawi denied media reports claiming that the ministry cancelled the debts of specified provinces.
    “The Ministry is studying the possibility to cancel all debts around Iraq. This issue is among the Parliament’s authorities”, he argued.
    Iraq’s Finances Minister visited the city of Najaf to gather comments on 2011 budget and assess the requirements of 2012 budget, he said.
    A significant number of budget requests can be resolved in this year and next year’s budgets, he added.
    “The Finances Ministry will overcome all bureaucracies in dealing with the provinces regarding banks, retirements, loans, college students’ requests, provinces development and the project of Najaf as the capital of culture”, Al Issawi noted.
    Habitat and Construction Minister Mohammed Al Daraji affirmed that he has informed officials in Najaf about residential and roads projects plan.
    “The Habitat and Construction Ministry is carrying out two residential projects in Najaf which one is due to be completed at the end of this year”, Daraji said.
    Iraq’s 2011 federal draft budget stipulates to estimate the budget’s revenues for the fiscal year 2011 at 78.705.237.500.000 billion Dinar according to main audits.
    The draft budget stipulates as well to count the revenues resulting from crude oil exports at a price rate of 73 dollar per barrel and export rate of 2250000 barrel a day including 150000 barrel a day for the revenues resulting from crude oil exports via Kurdistan
    New Chapter Seen in Kuwait-Iraq Economic Ties
    18 May 2011 ( Arab times )
    By Oliver Cornock – Regional Editor, GCC, Oxford Business Group
    Iraq and Kuwait appear to be laying the foundations to rekindle economic relations, with business people and political leaders from both countries recently meeting to discuss opportunities for bilateral trade and investment.
    On April 27 a seminar was held in Kuwait City to discuss strengthening commercial ties between the two nations. The event, organised by the Gulf Studies Centre of the American University of Kuwait, was entitled “Kuwait and Iraq Together Towards a Bright Future”. Attendees included business leaders, academics and public officials from both countries.
    The seminar focused on the role of the private sector in enhancing Kuwaiti-Iraqi economic cooperation. According to Mansour Aboukhamseen, the chairman and managing director of Kuwait Energy Company, the participants “shared views on how Kuwaiti and Iraqi companies can work together on building Iraq, especially in the areas of project finance, technical expertise, logistical support, tourism and social ties.”
    The energy sector may well be an area in which Kuwait could offer financial and technical support to Iraq. As Paul Landers, the group chief executive of AGG International, an oilfield services company, told OBG, “Iraq is pivotal for the future of exploration and production of oil and gas. It has immense reserves comparable to those in Saudi Arabia, but they are underdeveloped. Kuwait has the potential to be the entrance point for this development.”
    A recent visit to Kuwait by an Iraqi trade delegation underscored the importance of the country as a possible source of investment capital. On April 13 the Kuwait Chamber of Commerce and Industry (KCCI) hosted a group from Iraq that included the governor of Basra, the head of Basra Investment Commission (BIC) and the Iraqi ambassador to Kuwait. A number of Kuwaiti businesspeople also attended the meeting.
    Haidar Fadhel, the head of BIC, spoke at the event, highlighting some of the ways in which Iraq’s legal framework provides economic incentives for foreign investment. According to Iraq’s National Investment Law, foreign investors who apply for and receive an investment licence from either the national or a regional investment commission are eligible for benefits. Incentives include an exemption from certain taxes, as well as the right to import equipment and machinery for a period of three years without paying duty.
    Kuwaiti businessman Jawak Bukhamseen, who attended the KCCI meeting, told Kuwait Times that Iraq is a good destination for investment because it allows 100% foreign ownership, unlike Egypt, Syria and Lebanon. Another participant, Mazin Abdulzahra, the acting head of Basra Chamber of Commerce, pointed out that investment was possible in sectors other than hydrocarbons. “The real resource for development lies in industries, not oil alone,” he said, noting that there is “a good opportunity to establish new factories in Iraq”.
    Strengthening economic ties is not necessarily limited to direct foreign investment – it could very well also involve boosting bilateral trade. Kuwait currently imports liquefied natural gas (LNG) during the summer months to generate electricity during this period of peak demand. In January, Abdullatif Al Houti, the managing director of international marketing for the state-run Kuwait Petroleum Corporation (KPC), announced that the Ministry of Electricity and Water had asked KPC to begin LNG imports in mid-March and continue them up to mid-November, an extension over last year’s period of April to October.
    Iraq could, at least in theory, sell natural gas to Kuwait. Iraq currently flares much of the gas produced at its oilfields, but in April 2011 Shell, Mitsubishi and South Gas Company of Iraq announced that they had received approval to establish a joint venture to capture the natural gas that would otherwise have been burned off. Revenues generated by the deal could also help Iraq upgrade its infrastructure for the processing and distribution of natural gas. According to market research firm Datamonitor Group, Iraq has proven gas reserves of 3.15trn cu metres.
    Although some Kuwaiti businesspeople may be sanguine about investment opportunities in Iraq, barriers to revitalising economic relations remain, including long-term disputes over reparation payments and territorial borders. However, with significant upside potential, both countries may be able to put aside their differences. As Mohammad Akbar, the director of the Gulf Studies Centre of the American University of Kuwait, said, “Kuwait and Iraq have started a new chapter in political and economic relations.”
    BP Starts Getting Payment for Iraq Oil Investment
    18 May 2011 ( Reuters )
    BP Plc has started to receive payment for the millions of dollars it has invested in Iraq with the loading of its first shipment of Iraqi oil last week, industry sources said Tuesday.
    London-based BP and its Chinese partner CNPC have been developing the Rumaila field, which pumps almost half of Iraq’s output, as part of the OPEC member’s ambitious plans to expand its oil industry.
    BP and CNPC are owed more than $1 billion for work at Rumaila over the past year or so, where production has been increasing.
    On Saturday, the tanker Oceanis sailed from Basra Oil Terminal in southern Iraq carrying 2 million barrels of crude for BP, a shipping agent said. The cargo of Basra Light oil is worth at least $200 million at current prices.
    “This is the first cargo that Iraq has allocated to pay for the oil service contracts that were signed a couple of years ago,” an industry source said.
    At Rumaila the companies have drilled new wells, overhauled and connected existing ones and installed electric submersible pumps to boost production at the field, which holds an estimated 17 billion barrels of oil reserves.
    “Production is running at close to 1.2 million barrels per day (bpd) at Rumaila, at least 100,000 bpd more than when the companies took on the service contract to increase flows at the field,” the industry source said.
    Service contracts awarded to foreign oil companies stipulate they start to be paid and to recover costs once they boost production by 10 percent above agreed baselines.
    Boosting output at Rumaila, which BP helped to discover in 1953 and where output has fallen from its 1980 peak of 1.6 million bpd due to years of war and sanctions, is not without its challenges.
    Official Iraqi figures obtained by Reuters in March showed that production had fallen from peaks hit in December and early January, in what could be a sign of challenges ahead.
    Iraq has allocated another crude cargo to CNPC, and BP will probably receive a second later in May or in early June, the industry source said.
    Wildcat Strikes Spread in Iraq As BP Lifts First Oil Cargo
    18 May 2011 ( Telegraph )
    The threat of wildcat strikes engulfing Iraq’s oil industry spread to BP’s Rumaila field on Tuesday – on the day that the British energy major got its first payment for boosting production at the site.
    By Rowena Mason
    Iraqi state oil workers tried to stop foreign workers entering the site at Rumaila, the country’s biggest oil field amid a country-wide dispute about pay. The state workers have been protesting for some time about receiving lower pay than their colleagues at fields run by the international oil companies.
    According to the Iraq Oil Report, an internal union memo said workers would also try to stop entry of foreign workers at Zubair, developed by ENI, and Majnoon, developed by Royal Dutch Shell, as part of a “boycott day”. The workers are risking arrest, since unions and striking are illegal in the country.
    A BP spokesman said any industrial action had no impact on operations.
    Sabotage of pipelines and strikes in Iraq’s oil industry are common, despite success among the foreign oil majors in increasing production.
    On Tuesday, BP lifted its first cargo of Basra light crude from Rumaila, worth about $200m (£123m). It is working with China National Petroleum Corporation on the field and the two companies are due $1bn for boosting production, drilling new wells and improving operations over the past year.
    They have managed to increase production at Rumaila by 10pc more than expected. After a year of work, output is now running at about 1.2m barrels per day – 100,000 barrels ahead of the earlier output.
    Rumaila once produced 1.6m barrels, but it has been neglected during years of war and sanctions.
    Two New Power Stations Start Operating in Basra
    Basra, 18 May 2011 ( AK News )
    By Noor al-Tamimi
    Two new power stations started operating today in Basra provice, southern Iraq.
    The two stations, that have a capacity of 60 megawatts, cost an estimated IQD240 billion (US$205m).
    Iraq suffers from a major power deficit. There are frequent blackouts and scheduled times with no power. Protests across the country this spring, that turned violent in some cases, focused on the lack of basic services, with the shortfall in electrical power the main complaint.
    According to government figures, the energy available to Iraq is around 9000 megawatts. During the summer months, when air-conditioning is running at full to combat the 50C heat, demand can be as high as 14,000 megawatts.
    Basra Governor, Khalaf Abd Samad said: “This will contribute to the stabilization of electrical power north of Basra.”
    The stations were established on an area of ​​ 13.5 acres in Naeem.

  3. joe says:

    Great keep up the good work and willl pray that this happens fast

  4. SAMUEL T HOUSE says:

    A friend of mine went to the bank that she had brought her dinars from to purchase more. The bank said they are not selling any more because it was all a fraud. I am asking you Adam what you think of this bank doing and saying this. I will give you the name of this bank if you wish. This happened about a month ago.
    Thank you
    Samuel T

  5. RayVon says:

    Is the Iraqi Dinar value going up 2 to 1 this year?

  6. J. Silvas says:

    My dad called me this morning saying he heard the dinar already changed value. Can anyone verify this ? I can’t find any info. to verify this.