Category Archives: Behind the Scenes

The Kuwaiti Dinar Revaluation-How the Clinton ‘Surplus’ Happened

Shayn Roby’s Take: summed it up well when they commented on how the Clinton administration managed to churn out surpluses: ,

These surpluses showed up out of nowhere. Now, let me ask you: Is that because President Clinton was such a frugal spender? Was that because Congress all of the sudden got fiscal religion and stopped “ear marking” legislation for their districts? Was that because they cut back on military spending? The answer is ‘no’ to the first two questions and a qualified ‘yes’ on the last one, referring to military cutbacks. The First Gulf War was paid for – not just by the Saudis but also by the Kuwaitis.”

The military and intelligence cutbacks were paid for on September 11, 2001 in AMERICAN BLOOD at the World Trade Center in New York City.

Blog World also posted,

During the war the value of the Kuwait Dinar collapsed to pennies, but the U.S. and a few speculators accumulated billions. There is no way of knowing exactly how much but that is the main source for the Clinton surplus. It took seven or eight years to see it, but it finally paid off. The dinar went from pennies to about $3.60 to one dinar, making it one of the most valuable currencies in the world!”

Viewing the world through this lense certainly changes the way the ‘accomplishments’ of William Jefferson Clinton should be perceived.

I will attempt to tell you the history of the Kuwaiti dinar revaluation in a nutshell. Saddam Hussein (we all know him) invaded Kuwait and tried to get rid of Kuwait’s dinar by sending it back to Iraq. At the same time, he was replacing it with the Iraqi Dinar. When this happened, the street value of the Kuwaiti dinar dropped drastically in value to reportedly .05 cents per dinar. The U.S.A. is pissed, so they go in and kick some serious butt and kill thousands of Iraqi troops who try to flee. Things cool off and the National bank of Kuwait re-opens after months of disruption and chaos. They announce that all Kuwaiti dinar will be accepted and honored at the pre invasion rate which was around $3.64. So, here’s where it gets good. People who bought the Kuwaiti dinar for .05-.10 cents went to the bank and exchanged…

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