So where do we stand in this RV rollout process?
As far as I know they are now telling me they are about to move on to the general public. To do these exchanges they will complete the rollout process and open it up to everyone.
Iraq will make their needed announcements and it will show up on the exchanges. Iraq also plans to announce their bundle of new laws to the world in the hope this will encourage the investment community to come to Iraq.
For the rollout the PTB are planning to incorporate background checks on some of the citizens with higher amounts of currency for exchange. I do not know what the cut off is and it should not matter to you since you are all clean anyhow…..right? …..lol…..This kind of process I totally agree with since it is not self serving and politically motivated as I feel some parts of this process has been so far.
The bad news is I do not know the exact timing of when they plan to kick this into high gear. All are telling me so far they are in line with this week to begin the process so the money can begin flowing in the hands of the average citizens for Christmas shopping. We have heard this many times in the past years so I would not bank on it…..no pun intended…lol….
Ongoing Budget Saga Update
As you may have heard the Budget was not passed on Saturday 11/29. This was due the readjustments needed for changing oil prices. Abadi did however say that they would work in the next 10 days to get it done. Remember also that parliament was supposed to go on a 30 day recess beginning Dec 1st. So we know they must conclude this effort quickly. I believe they will have a budget in 10 days.
On Sunday 11/30 it was announced that about 350 projects have been finally approved it is hoped to be launched immediately after the announcement of the financial budget for 2014.
The deputy chairman of the Council Falah al-Qaisi for "tomorrow Press," that "hundreds of projects in the capital glands have been disabled because of a failure to approve the budget despite the ratification and completion of the operations and administrative," noting that "the projects that the Council Prepare for launch within the budget of 2014, the bypass 350 projects. "
He added that "the project is the construction of a number of schools in Karkh and Rusafa in Baghdad limits areas, as well as the construction of a number of hospitals and health centers specialized, as well as various power projects in collaboration with the Ministry of Electricity."
Qaisi said that "these projects will be launched immediately after the announcement of the budget year 2014, because of its need for capital, which in delayed reflected negatively on the citizen-Baghdadi."
It is noteworthy that the state budget for the current year has not yet recognize ago that sent the government for nearly eight months to former House were not included on the agenda, while procrastinated previous Presidency for inclusion due to the lack of them political blocs agreement, nor that harassment continues while people wait for things to material related thereto, as well as the stalled projects.
Pressure for Currency Revaluation Continues
There are many financial issues that may lead to yet more crisis in Iraq if something is not done soon to bring their currency to international status.
On Monday, said the ministry needed to 4 trillion Iraqi dinars, about 3.5 billion US dollars, to support the displaced, in 2015, as pointed out by Vice President, Osama Najafi, that the number of internally displaced people reached the million and a half one million displaced people.
Dozens of workers in the Municipality Directorate of Basra on Monday, before the Board of the governorate building to demand regardless of daily wages for the last three months.
One protester Mohammed Hassan told all of Iraq [where] that "we have not received our wages for more than 90 days, as well as the mechanisms and Alcabsat in Directorate drivers did not receive five months ago." He said another protester, said that "Tazahratna today is to give to the government warning," and threatened that "did not happen entitlements will take violent action", describing the "state of his family living Palmzria and that his children are hungry and they will be forced to their deeds unacceptable such as theft for a living."
Where is all this money going to come from?
Resuming the Project to Delete the Zeros
I could hardly believe my eyes when I saw an article come out late on Sunday 11/30. WOW!
I have been waiting to hear this news now for a long time. Iraq has decided to continue the project to delete the zeros. I had just mentioned this too in my last news letter, as I suggested they had to continue this project prior to any RV happening. This is why I am so excited. I am also excited because Dr Shabibi (remember him…the former head of the CBI) is back and he was exonerated from any crimes over the weekend. Funny now this article about picking up and continuing the project to deleted the zeros just happens when Dr. Shabibi is back. I did not say he is officially heading the CBI. He has officially retired but is still helping out with Iraq until this project is fully completed. They needed him back to do this RV. I fully believe and will stick to my guns on this one.
So the economic advisor to the Prime Minister the appearance of Mohammed Saleh, to be 2016 years is ideal for the completion of the project to delete the zeros, indicating that the stability of the security situation after the expulsion Daash guerrilla terrorist, will restore the recovery of the country's economy again.
Said Saleh's (IMN), said, "This project combines economic stability, security and stability, and the circumstances experienced by Iraq now is favorable for this project, because the process of deleting the zeros mean stability at all, and such a sensitive and important projects must combine them all efforts to achieve from the Iraqi Central Bank and the government and parliament. "
He continued that "the Iraqi currency stable, and unaffected by the military operations taking place in Iraq, the country's Annual Inflation is 2%, and this is at least in the history of Iraq, therefore, a strong, stable and low price of the Iraqi dinar, as well as the free import."
It is noteworthy that the project to delete the zeros was supposed to be carried out since 2013, but the security conditions and the economic situation was not stable and prevented it ( in other words the Maliki syndrome prevented it).
What I now know from sources in Baghdad is that they will have a hearing on the Maliki files before the month of December is over. They did not yet have a firm date on the hearing so could not pass it along to me. Parliament has once again asked Maliki to come and explain the Stryker incident and many other related files. He once again refuses. So, according to their law, if you refuse to attend these hearings and you are physically capable to attend and did refused to show you can be legally convicted of crimes ( with a fair trial). So either way his future is not good. His son finally has been cut off of any salary since his position in the government was never really a legal one anyhow. Since Since Maliki is no longer the prime minister why does he need a deputy?
Maliki continues to shoot off his mouth and attempt to make a mockery of the current newly elected government and all their efforts. Yes – he is still a slight hindrance but Abadi is slowly weeding out his supporters and those still entrenched in the government. It is almost concluded. Abadi has already asked his party to begin looking for a replacement for the 1st VP position.
The newest scam exposed, as you may have already read about, was the 50,000 “ghost” soldiers in the Iraq Army collecting a pay check. Who do you think was collecting this money? They say high ranking military leaders set up this scam and that Maliki was getting his kickback for allowing it to continue.
My guest is we will probably see a formal execution of Maliki sometime in the very early part of 2015. They simply will not let this man run free around the Middle East or interfere with Iraq politics any longer. They will use him to set an example of the future fate of president Assad of Syria.
Dropping Oil Prices
So what is really going on? Yes- we are now witnessing record low gas prices at the pumps. Oil is down to $65-70 a barrel. Why?
If you have been reading my news letters you know that the dollar is still king in he Middle East and will remain king at least for now if the USA has anything to say about it.
There are many efforts now from Russia and China to circumvent the dollar as the “Petro Dollar” and as the general currency media of exchange around the world in general. There is consorted effort to do so. We have read about deals with China to use gold and rubles to trade with Russia. Russia also still controls Syria and maintains that territory. USA wants to control it and the pipeline. Assad is Putin’s puppet.
Russia’s invasion into Ukraine is nothing more than a show of force to tell the USA that they must keep their distance from satellite countries of former USSR. If you remember the USA seated a new prime minister of Ukraine and help oust the former one. The USA also wanted to sell gas deals to Ukraine since Russia uses gas each winter as political leverage to manipulate Ukraine into submission. Meanwhile people suffer in the cold.
Sad too how the USA helped to finance the Russia economy when they imploded with hyper inflation in the past. Now they turn their backs on the ones who feed them. Typical Russian politics. Putin is proving that the old KGB members still dictate bad politics for Russia and in the Middle East. We are witnessing all this first hand.
Russia uses oil and gas revenue to fund most of its economy. So what do you think will happen to the Russian economy when oil prices drastically drop? The world’s richest entities are still in control of the world’s economies. These families are wealthy because of oil and control the refineries and ability to pump oil. It will take more than the Putin maneuvering to change this influence. The Russian people and other leaders will then begin to ask just what Putin is doing. The question is how long will they need to artificially drop these prices? I believe though they are just about at the bottom. How long will the Saudis and Kuwait go along with this plan?
The “Petro Dollar” is not yet dead ! Putin will not have his way !
So today I send you an update one again to report on Iraqi progress.
As I have said in my prior news letter, I still believe we are in a sweet spot right now to literally see this RV in the coming days ahead. This is by far the best place I have ever seen this investment in the 10 years I have been following it.
Do I like their current rollout plan? It shoud be obvious I dispise it. It is not legal, not fair and is very predujous to the top wealthy members of society. In the future it all will come out at the end. You can't hide from the truth.
Could they pop this out prior to Christmas to the general public? Yes – I believe anything is possible but first I know they want to get all the registered groups exchanged first. They are about complete with that now so it could happen before Christmas.
In this news letters I am trying to help you understand that this country of Iraq now has some excellent leadership and is moving forward quickly. There are still some old skeletons in the closet that need to be dealt with. They are plucking the Maliki goons and thus their influence out of the mainstream channels everyday. It is a cleanup process that must be done if you truely want stability.
These sudden dropping of oil prices is nothing more that a political maneuver orchestrated by the USA to get Russia back on track. Kind of like a spanking on Putin's rear end….lol….
Then when can we expect the RV?
I believe we are in a rare opportunity and window like never before. In the coming days we should expect the RV.
Peace and Luv To Ya All,