(Thank you George for sending this to Dinar Recaps.)
UU6838 – "While We Wait for the Next Step" by Mnt Goat
Today I am going to continue the discussion of the plan to launch the lower denominations in the future and the importance of this event in the process that will lead to the ultimate full revaluation of the IQD.
I am also going to answer many of your questions and concerns from my last 2 news letters. All very good and justified questions. But I have to say many of the questions are already answered and are found directly in my news letters. So in the future I will only refer you back to the news letters again. Today I am being kind….lol….lol…
As I said, my news letters are chock full of information and so maybe you should print them out so you can highlight or underline what is important to you so you can refer back to it in the future.
I would not waste my time and effort writing garage in my news letters and I would not want you to waste your time reading them either. I am not perfect and I do not know it all but I do read the articles and try to connect the pieces to the puzzle to help you understand. I also have many contacts (that are real) as they are old friends from the past that I have stayed connected with. Some of them are right in the middle of all this and they help me to connect the pieces. So I am not alone in what I say to you.
Today is Monday November 23rd and just a little over a week away from the early December timeframe.
Oh- No RV again this weekend? Surprised? We also now have proof that Iraq IS WAITING until at least early December as they originally announced to continue with the project to “delete the zeros”.
So they I ask – How are we “just waiting for our turn to exchange” as some of these “gurus” are claiming? Oh yes they are claiming the RV is all done and they are exchanging in certain countries (but they can’t tell us which ones) and the USA and Europe just have to wait their turn to exchange. Really? How ridiculous are these rumors. Oh yes they are only rumors.
Folks do you know how absolutely ridiculous and stupid this statement is? For grown up adults to believe this nonsense, and even worst, pass it on to the dinar community is beyond my comprehension. So where is the proof? There is no proof and so when listeners to their intel calls ask them for it, they simply breeze over any kind of an answer without being specific of any FACTS. Why can’t they give FACTS? Because there are no proof to backup the nonsense they are spreading.
So all you readers of Mnt Goat now know the RV process since I explained it to you many times already. So now you have the ability, the tools and the knowledge to see through these charlatans and their phony intel.
So let’s get back to reality on with today’s news.
I quote form the article below – “Governor of the Central Bank on the Keywords confirmed that the project to delete the zeros of the existing currency, pointing out that the issuance of 50 thousand dinars category came to structuring currency”
I quote again from the article – “said that the administrative conditions are not favorable for the implementation of the project to delete the zeros of the currency but the project still exists”
So what does “administrative conditions” mean? My opinion is that it does not mean security. I means simply they have not yet collected all the 10k and 25k notes they need to collect. This process is still in play. They also told us weeks ago it would not be until early December.
They came right out in this article and told us that in fact they did issuance of the 50k notes. They said these notes are the basis for restructuring their currency. So this confirms once again they did launch the 50k notes and this move is directly tied to the project to delete the zeros (just in case you had any doubt).
CENTRAL BANK: THE PROJECT TO DELETE THE ZEROS OF THE CURRENCY STILL EXISTS
Governor of the Central Bank on the Keywords confirmed that the project to delete the zeros of the existing currency, pointing out that the issuance of 50 thousand dinars category came to structuring currency, said the Keywords that the central bank rejected a proposal on the distribution of employees' salaries in dollars.
Keywords and said that the administrative conditions are not favorable for the implementation of the project to delete the zeros of the currency but the project still exists, he said, adding that the issuance of the new category will facilitate the transport and conversion process by the banks and citizens the fact that the 25 A category is no longer suitable for trading compared to the monetary mass in circulation, stressing that the 50 thousand dinars category do not affect the inflation and rising prices, because issuance has been damaged against the major currencies. -
So for all those people putting words once again in Mnt Goat’s mouth let me clarify the news to you. I DID NOT say we are waiting for the RV and it is imminent.
What Mnt Goat did say is to tell you the process they are undertaking for the project “to delete the zeros” and where we are in the process.
And where we are is the 50k notes and launched and they are collecting the 10k and 25k notes.
They are beginning to realize that they are not collecting the 25k notes in the quantity they anticipated and at the rate they anticipated. So what is the answer?
I am telling you they will have to launch the LOWER DENOMINATIONS very soon along with a significant increase in the rate of their currency. Why? Because the need to collect these 3 zero notes and they need to do it now thus must give the citizens an incentive to do so. The incentive is to make them worth more than the US dollar. The plan is to increase the value to 90 cents - $1.14. You will probably not see this rate at the exchanges as it will happen suddenly and IS NOT THE RV. Did I say this clearly enough? THIS IS NOT THE RV !
Okay do I need to say it again for all you. NO Hype, NO Rumors just the FACTS – THIS NEW RATE IS NOT THE RV nor is it a FLOAT. It is simply the CBI determining to raise the value of the dinar and is an in-country rate increase. It is a temporary measure as the full RV will follow 4-7 days later.
The rate can not and will not stay for long and is only an incentive to turn in the 3 zero notes in exchange for the NEW lower denoms. At this time they will announce a CUT-OFF date also and the 3 zero notes will no longer be legal tender in the Middle East. I SAID IN THE MIDDLE EAST….again for all you – I SAID IN THE MIDDLE EAST and not the rest of the world. They also want to convert over to the lower denominations (the new Iraq permanent currency) prior to the full blown RV as much as possible.
As I have said many times over and over to watch for the project to “delete the zeros” and other signs and our RV is close at hand. Now we are witnessing the most significant sign of all these signs as it is the final stage of the implementation of the process for their plan. Never since 2012 have they made such an announcement.
Questions and Answers Begins Here
So today I want to also answer some questions raised by readers from me recent previous news letters. I am doing this to help while we wait for the CBI to take the next step and launch the lower denoms.
First I will address questions that were raised in reply to my Friday 11/20 news letter (LINK). All are very good questions. Thanks to GeorgeH for forwarding them to me. Hope you all are reading today’s news.
Question: Herewego: concern about the devaluation of the USD upon the Chineese Yuan being a reserve currency.
Answer: Simplest answer that I give is you have been listening to these so called intel “gurus” again and they have filled your head with information that is fear based. Sometimes too much information is a bad thing since there is so much to this global restructuring that has to also come into the equation that these gurus are not telling you because they don’t know it. There will be almost no effect on the currency of the USD. The USD has been overvalued for many months now and even financial analysts can’t figure it all out.
The USD runs optimally at a range of about 75-80 cents per dollar in compared to the Euro. In other words this is not a bad thing and as long as it does not go below this level all is good. If it does I would get excited. So relax and stop listening to these fear based calls. Forget you ever heard the USD will devalue. Too much information! The IMF knows what they are doing. They will not crash the USD at least anytime in the near future….lol…When you exchange it will be all electronic numbers in a bank account somewhere. So how are you going to lose value? You only lose if you get fearful and do something stupid like invest in high priced stocks or buy over priced real property. So relax and just wait and see what happens to economy after we begin to exchange. There is also this notion of a “GCR” and that someone is going to flip a switch and the entire world’s economies are going to be restructured in a flash of an eye. Folks I have been telling you this GCR notion in NOT REAL and all made up. Basil III banking rules are all implemented already. Some final rules take effect soon. Currencies revalue and devalue each and everyday. Of course they will have to align some other currencies when the IQD revalues but it is nothing to panic over.
Link to PART 2