Monday, April 22, 2013

Monetary gold wikileaks - 1975BAGHDA00001_b

1. IN HIGHLY PUBLICIZED INTERVIEW ON DECEMBER 27 RCC VICE CHAIRMAN SADDAM HUSSEIN CALLED UPON DEVELOPING COUNTRIES, AND PARTICULARLY OPEC COUNTRIES, TO UNITE TO PREVENT CAPITALIST NATIONS FROM TAKING UNILATERAL ACTIONS WITH GOLD AND INTERNATIONAL MONETARY SYSTEM TO DETRIMENT OF DEVELOPING COUNTRIES. WHILE U.S. SINGLED OUT AS MAIN CULPRIT BECUASE OF GOLD AUCTION, CRITICIM WAS DIRECTED AT OTHER AS WELL. SADDAM HUSSEIN CALLED FOR MULTILATERAL MEASURES ON GOLD AND INTERNATIONAL LIQUIDITY THROUGH INTERNATIONAL AGREEMENT EITHER THRU SEPCIAL INTERNATIONAL CONFERENCE OR WITHIN UN FRAMEWORK OR EXISTING INSTITUTIONS (ASSUME TEXT IN FBIS).

2. COMMENT: STRONG GOI STATEMENT ALMOST CERTAINLY DUE IN PART TO GOI NOT TO ALLOW SHAH TO SEIZE LEADERSHIP ROLE ON GOLD ISSUE. ALTHOUGH FRENCH CHARGE HAS NOT BEEN CALLED IN BY MFA, HE BELIEVES IRAQI WARNING ADDRESSED PARTICULARLY TO FRANCE. LOWRIE

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