(Thank you George for emailing this to Dinar Recaps.)
UU6724 – “Its Monday already and the Saga Continues…” by Mnt Goat
So last week I referenced a window for a possible RV opportunity was here and everything looked fantastic.
In fact the situation was almost predictable as to Iraq’s next steps. How can you help but see it if you have been following this saga all along.
We are now seeing coming to the surface openly all the issues they have been working on over the last year and why the RV has been held up. We are seeing statuses on them too, like a giant summary as if an end date is near and they are racing to the finish line.
They are down to the end of their timeframe to complete these reconciliation reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday.
The WTO wants them as members and they are slotted to ascend to full member pending currency reform and tariff implantation. Remember it is always all about the $$$$. Having tariffs means a % goes to the WTO automatically through the software payment system. This could mean billions annually for the WTO. Having an international currency means ease of trade and payments, but it also mean having the rate set in the exchanges where they need to reference it for conversion in the software system (referred to above). It is all interconnected.
So above I talked about two major elements. Let me give you what I believe it happening now and their next steps.
Please go back and read my news letter from 7/31 (LINK) and 8/2 (LINK). This news letter today is another continuation of the drama unfolding. Sorry ! It is a long read today. Sorry I can not refresh you memory in all the details from the past to back up today’s news since this news letter today would be a book.
You must take some responsibility on your own and do some homework to follow this saga in Mtn Goat’s ongoing news letters. No spoon feeding here !
Today is Monday August 3rd and still we have no news of any RV.
If you have been following my news letters you know that I mentioned that at each month end, the government of Abadi is reviewed for progress on these RECONCILIATION REFORMS. We now know that there are 30 reforms and about 20 of them are done. The others are needed and we now truly know that currency reform is one of the needed reforms. We see the pressure building in all aspects of the economy. politics and security as to why it would be beneficial to complete the currency reform now.
So later on during Sunday out pops yet more news of the importance of the needed laws to support this reconciliation effort. These are just not nice to have laws but are laws to back up, support and assist in the implementation of these reforms. So don’t let anyone of these so called “gurus” tell you otherwise. These reforms are part of the agreement to allow Abadi to form the government a year ago. The government works for the people in a democracy and these reforms are what the people want. The government agreed to accomplishing them in order to take power. Since Maliki and any of his affliliates could not do the job over these last 8 years they decided to give someone else the power.
See the article below.
So as this article shows us - Why would Jubouri now be reaching out to the international community for assistance in how to enact or implement these needed reform laws? Why now all of a sudden? Why so much pressure?
He is being very specific naming three laws, these are three laws also included in the group of six laws I presented to you in my news letter yesterday. Do you remember that article?
So in two articles in back to back news media they are telling us something. People when we see this kind of media it is VERY IMPORTANT ! Wake up and pay attention!
These three laws (Amnesty Law, the National Guard & the Federal Court law) are very important and essential for Iraq to move forward. They are the key laws and if you been watching and reading you should know they are also the most controversial. Even Jubouri is coming right out in public and telling us this in today’s article so if you don’t believe me listen to him. It can’t be any more blatant than this folks.
I welcome all aspects of the news and I am very open minded. It is all important and it is all pieces to the puzzle. However I find it very hard to believe that many have discounted the passing of the needed laws (thus to fully support the reconciliation effort). But when you ask them then - If not the laws holding it back then what is the hold up?
Their response is always like a deer looking in the headlights at night. There is no answer. There can be no answer since they completely miss the boat. This piece to this saga is staring them right in the face, yet stubbornness or something else (?) compels them to ignore this reconciliation effort. Even when they do give you an answer listen to their tone of voice on these calls. Listen to the BS and the hesitation while they have to think and conjure up something to tell you.
So what is this element that prevents them from telling you the truth?
It is the misinformation being given to them to deliberately sidetrack them (and you) so that we (investors, mafia or other entities) can not watch the progress of these laws. Instead by not knowing that this is the key there continues to be a blank and a continuation of asking the same question over and over again. They are dumbfounding you each Monday morning as to where is the RV.
Now to put gasoline on the fire, these same sources are also telling them repeatedly this RV is going to happen any day and any minute. Do you now see why you are disappointed over and over again. This RV was never supposed to happen, Iraq is not yet ready.
So I am telling you this not to bash anyone in particular because this has been the dilemma in the intel all along in this dinar speculator/investment community. Very rarely does anyone want to give it straight and use their common sense and override the BS they are getting from their “secret” sources. This of course is exactly why these 3 letter agencies continue pumping this misinformation. They are masters at propaganda. This is their job.
I am telling you the answer over and over again to this question of – What is stalling this RV?
I know the plan as it was detailed to me many months ago. Are you listening? Is anyone listening? All these aspects are interrelated and interconnected such as the needed reconciliation (or Erbil), security, banking and relations with neighboring countries. But our attention now should be on Abadi and the Reconciliation effort and its completion since we see these other areas there are no issues and are under control.
JUBOURI: PARLIAMENT NEEDS A GROUP OF INTERNATIONAL PARTNERS TO ENACT AMNESTY LAW, THE NATINAL GUARD & THE FEDERAL COURT
Shafaq News / The Speaker of the Parliament, Saleem al-Jubouri confirmed on Sunday on the need to take advantage of the experiences of a group of international partners in the legislation of the controversial laws among the political blocs, including a general amnesty and the National Guard and the Federal Court Act.
Jubouri said in a statement during a meeting with the President of the international partners group , Archie Kirkwood and his accompanying delegation, today, that "the Parliament need the expertise of international partners group in compromises among the political parties especially with regard to the legislation of important laws such as the General Amnesty , National Guard and the Federal Court, pointing the need to invest some efficient administrative capabilities as well as finding sections that helps the parliament in the process of enacting laws.
He said that the government institutions, including the Parliament in dire need to improve its efficiency so as to ensure upgrading performance, calling at the same time to the exchange of experiences between the two parties because of its positive effect for employees, whether at the functional level or Specialist level.
For his part, the partners delegation confirmed interest in providing consulting with regard to ensuring the perfect version for legislation important laws, and expand the horizons of cooperation in the training of cadres in the parliament and other state institutions.
[Customs and Tariffs]
I literally received hundreds of questions on this topic and so I will address it now.
Did the Customs and Tariff law get enacted?
YES, YES YES- Did I say YES? It positively did get enacted and is now in full force. Here are three articles telling us this is the case and the status. But it is not that simple. Let me explain.
First please read these 4 articles and I will comment on them afterwards.
Article #1 Follows
GENERAL ADMINISTRATION OF CUSTOMS PROCEED WITH THE APPLICATION OF TARIFF
Tomorrow Press / Baghdad: The General Authority for Customs revealed that she began Saturday, the application of the tariff in ports, airports and border crossings land according to the law enacted by the House of Representatives.
The Director General of the Commission Hakim Jassim for "tomorrow Press," that "the body is an executive receive instructions from the Ministry of Almalaht, noting that" the Commission directed the application of tariff law in the first of this August. "
He added that "the Commission directed its outlets in ports, airports and border crossings wild including those in Kurdistan that the province apply the law," noting that "the Commission has completed all administrative and accounting preparations to amend the fees rates in accordance with the pricing of the tariff law in all customs centers."
He said Jassim said "the Commission directed its staff to computational commitment that have occurred on goods entering the country under the new law, as well as ensuring the smooth flow of the completion of customs formalities as soon as possible," stressing that "the application of the law would encourage the private sector to run small and medium-sized laboratories."
He noted that the "fee rate starts from exempt to 20 percent."
The Ministry of Finance has decided last March, begin applying the customs end of next June tariff after futures last year to more than once because of the demand by some countries, traders and activate the new tariff law is canceled the old law subject by the civil governor of Iraq after 2003, Paul Bremer, and which requiring the payment of 5% tax on all goods imported from outside the country.
Article #2 Follows:
PARLIAMENTARY FINANCE DESCRIBES THE TOW THROUGH THE APPLICATION OF THE CUSTOMS TARIFF SYSTEM DETAILS
A member of the parliamentary finance committee Masood Haider that the application of the customs tariff system for food and goods will be in the light of the budget law for 2015 will also be the imposition of taxes on airline tickets, cars and mobile phone companies to increase fiscal revenue of the country.
He explained Haider Radio Marbad that the taxes that will be imposed on the mobile phone companies are selling taxes, not buy and this means no passport Download tax rate of those on the citizen by phone companies, noting that the Finance Committee will discuss this issue during its meeting on Sunday and define the steps that must be taken in this regard as well as the vote in the Committee to send a book calling for the central government and the Finance Ministry to compel mobile phone companies to bear the tax imposed on them and not to increase the packing Kartat rates, in addition to the claim to host the Minister of Finance by the Commission.
Haider that also noted the application of customs and tax system will cover all border crossings in the country, without exception, pointing to resolve the differences that existed between the central government and the Kurdistan region on this subject and to reach an agreement between the parties requires the application of the tariff system in all ports and confirmation of the provincial government on commitment so.
With regard to the imposition of taxes on airline tickets and cars between member parliamentary Finance Committee that deal with this topic it is up to the Ministry of Finance and the central government on the part of determining the amount of tax borne by the citizen and the portion borne by the biggest companies.
Article #3 Begins:
THE IMPACT OF APPLYING THE NEW TARIFF LAW-STANDSTILL FOR THE MOVEMENT OF GOODS IN THE PORT OF SHALAMJAH EAST OF BASRA
Saw Shalamcheh border port adjacent to the east of Basra, Iran today standstill for the movement of goods and foodstuffs in conjunction with the application of the new tariff Alkmarki law. He said radio reporter who tow presence in the port that the movement of trucks stopped completely and limited port work on the entry of tourists to and from Iran. Among a number of suppliers and buyers of goods and commodities in the port complained of this law being and up, which they said was cause severe rise of imported materials in general, demanding at the same time, the local government to intervene and speed up the solution to repeal this law or amendment to it.
Article #4 Begins:
NEW TAXES ON ALCOHOLIC BEVERAGES AND CIGARETTES AND PARLIAMENTARY FINANCIAL STRESSES: GOVERNMENT IS OBLIGED TO IMPLEMENT
BAGHDAD / ... the parliamentary finance committee confirmed Sunday that the central government is committed to the application of financial taxes to be imposed on goods and alcoholic drinks and cigarettes in the country.
Said committee member Mohamed Abdel Kader's "Eye Iraq News", that "after the House of Representatives approve the adoption of the general budget of the country was one of the clauses impose financial taxes on goods and alcoholic beverages and cigarettes as he emphasized that the central government will stick to the application of those financial taxes."
"The reason for the delay in the implementation of central government taxes alcohol and cigarettes is a variation on the mechanism of the implementation of those taxes."
He said Abdul Qader "alcoholic beverages and cigarettes taxes have been agreed upon by the parliamentary finance committee and then later raised to the central government to implement such taxes."
Link to PART 2