(Thank you George for emailing this so Recaps can post it.)
UU6860 – “Moving Towards a Global Currency and What This Means ” by Mnt Goat
I want to once again emphasize and caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. Have we not learned your lesson yet? How many years must we go through the anxieties of waiting in anticipation for the Iraq to open their budget thinking the new rate will surface when they do? It is simply just an other one of those false events that everyone latches on to in order to create hype for an RV. Do you want to know what events really count? How about getting your nose in to the articles and paying attention to where Iraq needs to go for currency reform.
Do you even know what I mean when I use the term “currency reform”? I use it so often that maybe now is a good time to explain it again to everyone.
Currency reform encompasses a huge project underway in Iraq in coordination with the IMF and the WTO. It is a project with the ultimate goal to get their currency back online (Go global) and everything else that goes along with that and there is a lot. This “everything else” is the key point I want to bring out today. There is lots to do to get Iraq ready. There are lots of mini projects along the way. For instance they need to reform their banking system, needed to pass the Customs and Tariff law, they needed to clean up the ramped corruption and the money laundering, etc,,etc,, It is what we don’t know that is still a question of - what is next?. All of these efforts include new laws and we all know how slow parliament is. Did I mention also how these entities of the Dowa party and the Maliki syndrome too are also obstacles. These entities don’t want change but would rather continue under the Saddam regime mentality or worst.
Remember too Iraq never had a full connection to the global economy as other developed nations do. This was one of the flaws of Saddam Hussein’s economy. He kept the people subservient, submissive and always depending on his generosity. They only had what he “allowed” them to have. It was not a free society or economy. There was ramped corruption in politics and as long as you played the game you were safe. This of course is a dictatorship. This is why the change is so hard now.
But now with the new democracy all is changing. Change however is slow and hard. Yes – you and I can understand what the end result will be. We can see the bright future but for most Iraqi citizens it is a scary road ahead and they do not understand fully where the country is going. They are told not to trust westerners. Not to trust the government. Not to trust the banks. So change is slow.
So for us investors too we are often thick headed and don’t want to learn about Iraq and all we want is a date and a rate. Than even those that do want the truth get confused and are misled. This is the uphill battle I now face in trying to convince everyone of the truth and get you back on track. This in a nut shell is my goal to my news letters. This stuff is not rocket science and all you have to do is read the articles and pay attention. Remember what happens in the past and what they say to us. In the future you always see how everything interconnects to see the BIG picture.
But in order to be successful in making these connections, you MUST stop listening to all these misleading people and misinformation being put out on many of these conference calls. It only confuses you and I can hear it on the Q&A that are asked. Why even call in then if these calls are worthless? Are you learning anything from them? Many of you ask me “Then who do I listen to?”
I will recommend some other sources of intelligent information about the RV for you.
BGG conference call as needed
Gatekeepers conference call
Kaperoni conference call as needed
Mnt Goat (of course) news letters, published as needed, usually MWF
There are NO other creditable sources of information out there. You can always tell the sincere news from the weirdoes since the weirdoes spend the first 15-30 minutes of their call either talking about themselves, praying, pitching their sponsors or telling news of the “new republic” and how it is going to take over the USA…lol…lol….
So what information does matter?
We must go to creditable sources and get information that DIRECTLY talks about the increase in the value of the dinar and what is holding it back. This information comes direcly from the government of Iraq, CBI, IMF and the WTO. No where else!
All this other talk about a GCR, a new republic, wealth packages (LOL…LOL) or the crashing of the US dollar is all total nonsense. Not an ounce of truth in any of it. It is all FEAR based and fear sells. Just look at how many crime related shows are on TV. Why not have shows that make you feel good and loving? We say this is what we all want but is it really?
Instead concentrate on what news you are looking for and what news that really matters. Stick to the TRUTH that is VERIFIABLE and not just because someone tells you they verified it with three other sources….lol..lol. How do they know all of of their three sources are not spreading the exact same rumors? Don’t get caught up in the rabbit holes looking and searching for something that will only lead you down a road of confusion and anxiety. If you seem to feel this way then back off and look for other news channels.
You have to ask yourself -- Are you looking for Iraqi RV news of the RV or what? These other sources are taking advantage of this time to infiltrate your minds and fill you with all their gobble goop that they tell you is all interconnected to the RV but really it is not. They are trying to use the RV to gain your confidence and sympathy to their cause. So what really is their cause? Are they really an underlying back roots organization to take over the USA and replace it with their form of government? Are they really a terrorist organization? You don’t know. All you hear is a sweet voice on the other end that laughs and giggles and often even uses prayer to infiltrate your sense of decency. But what exactly is their form or government?
In practical terms everything that happens in the world is interconnected and one can always make a case it is, but let’s use our common sense and stop being led around like little sheep by these charlatans. Not everything is connected or holding up the RV.
We must understand the pulse of the GOI and the CBI if you really want the truth about the timing of this RV. You do want the truth,,,,don’t you?
In the past I talked about a conversation I had with a CBI contact and what was told to me. I told you they told me that it was a matter now of putting our efforts into watching all news about currency reform if we truly wanted to follow timelines of any significant increase in the value of the dinar. So this is the direction Mnt Goat has taken and I will continue to place emphasis in this area until I am told to divert it. It is not about the value of the Yuan or what the Chineese are doing. It is not about the launching of the TRNs. It is not about what the stock market is doing today.,,,etc,,,, etc,,
As I keep saying it is not about the RV as the RV will be a byproduct of the process of global transformation for Iraq. The process does not evolve around getting an RV but the other way around. I hope that when you finish this news letter today you understand what I mean by this statement. SO PAY ATTENTION!
Today is Friday January 22th 2016 Already? Still no RV? What? I of course am being sarcastic since I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT.
But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar. If you have been keeping up with the reading my past news letters you should fully understand what this means and how they will fix it.
Remember just 6 months ago we heard almost nothing in terms of this subject matter. Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.
When will they be ready?
READ THE ARTICLES! THEY ARE TELLING US!
The news was so robust in this area of concern in November that we thought perhaps they were targeting an early December or early January timeline even. Then in late November they came right out and told us they were “postponing” the event and has a new target of late January to early February. We are now very close to late January.
We were disappointed but if you have been listening to all the other news you can easily make the connection to this sudden downturn of events on the lack of progress (or stalling again), as anticipated, in other areas (fighting ISIS and the needed laws and now what is really HOT news – working with the WTO).
Then just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation with lies or rumors will not make the RV happen any sooner.
Right now we are NOT in a mysterious window or an imminent situation of any sort. The FACTS that have recently been published and told intentionally to us, speak for themselves. I believe these to be truthful and honest news. There is no conspiracy of holding back information, trying to deceit us or trick us in this RV timeline. They will not RV behind our backs. In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world.
Many still feel that one day they will simply wake up, go to our PC and there will be news of an RV. Really? This could not be further from the truth!
It will not happen this way since we will be given plenty of signs and information relating to the advance warning that Iraq is about to change the value of their currency and move to a global currency regime. When the real FACTS do get published we will then be in a true and realistic state of anticipation and there will be no surprises.
If you look at the news around late spring of 2012 you can clearly see that the CBI was giving everyone warning of the events that were about to take place. The articles were abundant and they told us all be needed to know to prepare. Dr Shabibi himself (the then governor of the CBI) along with the IMF has since told us that the full RV was in fact their intention for October of 2012. This is FACT.
So we must be idiots not to be on the look out for such information again. I guarantee you the news this time will be of the same caliber and this is what my contact in the CBI was trying to tell me when I was told to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.
So I am optimistic and all the news I have been bringing you is mostly very optimistic. Many are calling me names along with being a pessimist. But I do not share the same RV roller coaster ride nor will I get on it. So to you so called “know-it-alls” and intel “gurus” I say good luck with your constant misinformation and worm holes that you pursue.
Update: Currency Reforms
So I bring the article below to you because we know this is one of the goals for Iraq as part of the agreement as stated in the MOU dated January 12, 2016. So like magic…lol…lol…out pops an article now telling us this has to happen. It only seems like magic to us now since now we know the goals and this all makes much more sense to us. Now we know more of what to key in on and anticipate in the articles.
VICE CALLING ON THE GOVERNMENT TO RAISE TAXES AND THE VALUE OF THE CURRENCY TO BRIDGE THE BUDGET DEFICIT
Deputy for the National Alliance called on the government to RAISE taxes and THE VALUE OF THE CURRENCY to cover the deficit in the fiscal budget.
Sadiq frankincense told all of Iraq that "the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that" there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget.
"The government is moving to all solutions and percentages simple even not be the there are gaps or heavy burden on the citizen.
The Commission on oil and energy parliamentary member Jamal Panthers, said in a statement to that" the country to the brink of bankruptcy as a result of the financial crisis and low prices oil.”
It is noteworthy that, oil prices witnessed over the past week, a collapse remarkable which recorded the lowest level over the past 12 years since I arrived last Friday to $ 25 a barrel for a basket of crudes OPEC and less than $ 30 for Brent.
The Office of the Prime Minister Haider al-Abadi, confirmed last Friday, the government continues to search for sources of funding out of the economic crisis, including internal and external borrowing and taxation and activating the customs tariff and selling bonds, international and internal subscription and implementation of projects on credit.
A spokesman for the Office Saad al-Hadithi's [where], "The government has drawn up plans in budget 2016 approved by Parliament is in the search for sources of financing be helping and assisting the oil sources, "noting that" the adoption of the budget on oil sources this stage is no longer feasible.
He said Sabri that" there are other options carried out by the Iraqi government through A BOND OFFERING, OR IPO INTERNAL OR EVEN INTERNATIONAL BOND SALE AND IMPLEMENTATION OF SOME PROJECTS ON CREDIT PAYMENT SYSTEM according to the specific percentages do not conflict with Iraq's economic future, ".
Next an article once again by economists is telling us that the dumping of the dollar into the market is hurting the value of the dinar. This is another WOW article because we know the problem goes way beyond what they are describing in this article.
Link to Part 2