UU9929 - “ What No RV again…lol… ?” by mnt goat
Hi Everyone, I come to you today to give you a quick update on the progress of the new government and how this relates towards the international rollout of the IQD for Iraq.
Today's news letter, as in all my news letters, is a continuation of the ongoing saga of the IQD RV process. Please refer back to my last news letter of 9/29 as this news letter is a continuation of this news.
The news is long and I am sorry but once again there are issues I need to clarify and so I hope you take the time to read it and appreciate it.
There is again much disinformation being passed around as many are intentionally or unintentionally drawing the wrong conclusions as to the events taking place now in Iraq.
I do not know too if it is a matter of just a lack of common sense or if they themselves really believe in what they are passing out as information about the RV. So I need to address some of this nonsense now in this news letter.
Today is Sunday 10/5 and still no RV. What do you mean no RV? It was supposed to RV over the weekend…..lol….Do you wonder why it didn’t? I am of course being very sarcastic in my statements because I think some entity is pumping this misinformation to the dinar holder community and using these intel gurus to do it.
This is becoming very disturbing and to the point of almost alarming for what these people are doing to the dinar holders. I am saying this because if you knew what I know then you too would understand there is no way in hell the PTB are going to let the RV happen anytime in the near future.
Enough said on this topic. Let's move on to the real news.
Update on the Economic Reforms
First let me say some are making lots of assumptions in defining what Iraq means by using this terminology. What does economic reform mean to Iraq may not be what it means to us. I am being told that for Iraq it means fixing the payment system for the citizens once and for all. Payment System - I asked my contact? You know the electronic debit system using the Qi cards.
So according to my source the reforms they spoke about recently have nothing to do with the revaluation. Are there other economic reforms too that need to be implemented? Yes – and they will continue with the reforms as needed but in this case once again an Arabic translation caused lots of hype for nothing. Time to stand back and take a hard look at just how foolish all this recent hype has been.
Once again I will say the $3.58 rate was merely paying the citizens of Iraq their long overdue government payments on programs such as rations, pensions, unemployment, retirement, etc,. It has absolutely nothing to do with the revaluation of their currency. I tell you nothing!
They have paid out under the electronic Qi card process before and will be paying out on it again.
They waited so long to pay out this time because of the pressure of using much of the financial resources allocated for this purpose going instead to fight the ISIS. So the financial committee had to reshuffle funding to make these payments at the request of the new government.
They are having technical difficulties aligning all the provinces to the same standardized rates in this system. This effort also does not mean an RV is imminent. This too is something they are plagued with each time they make these payments.
Eventually they will resolve all these issues as each payment process is completed and the fix more of the bugs in the system. They are now saying the payments will conclude on 10/8.
These same “gurus” fail to mention that Iraq’s economy is on the verge of collapsing. Oh did they happen to mention this? Of course not. They hide this from you or maybe its because their “contacts” failed to mention it to them cause they think it is having no impact on the RV….lol….. This is due mainly now to the funds having to poor into the effort to fight ISIS.
Millions of dollars are spend everyday in the effort to rid Iraq of these insurgents. The recent financial news explains this situation very clearly. WE can see article after article on this topic. Once again we can turn to the prior Maliki administration and point fingers to the legacy he has left behind and the long road to cleaning it up.
The good news is the Kurds are boosting crude output threefold by the end of next year and plan soon to resume talks with the new central government, signaling that a battlefield partnership against insurgents is helping mend ties with Baghdad. The Kurds will increase production to 1 million barrels a day by the end of 2015 from a current level of 320,000, said Sherko Jawdat, head of the natural resources committee in the Kurdish region’s parliament.
Output will rise to 500,000 barrels a day by year-end, he said in an interview in Erbil. So we see that long range funding may not be an issue and it seems that full HCL implementation is not far either since oil revenues is going to be the savior for Iraq in the long run and it is forcing the issue.
Also this past week Abadi has also come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long. I mentioned this too because, as I said in prior news letters, I believe this is what the USA really wants.
A guarantee that the petro-dollar will be used in the sale of Iraq oil. This is all in the HCL law. This lays the ground work for a real possibility of bringing back their currency to pre-war levels plus equity. This is what us investors have been waiting for.
As a first effort, however it is imperative to get the security situation under control then Iraq can begin implementing the needed laws to safeguard security, the judiciary and the economy from corruption. Getting rid of Maliki too is on the agenda. I can assure you of this. The process has already begun.
So far the new prime minister Abadi has repeatedly stated he does not want massive foreign troop ground forces in his country. So far it seems Iraq is not able to handle ISIS on its own and the air support supplied by the USA and GB is not enough to rid them and can only contain them somewhat, but they adapt.
I have said this before and I will say it again that I totally believe it will take foreign troops on the ground in Iraq to resolve this situation. It is only a matter of time before the Iraq government too realizes this and finally requests the help as Anbar is taken by ISIS yesterday.
This will be the turning point for Iraq in the fight against ISIS. Something to watch for. However when they do this it will be costly since any country fighting in this effort will be billing Iraq for its efforts to help them. This support already has not been cheap and ground troops could cost Iraq billions more in the future.
So far what foreign troops that are in Iraq have been isolated from the general Iraqi public as they do not want to stir up more tensions and do want to present an image of being able to secure its own boarders to the rest of the world. They can not keep covering this situation up much longer. It is coming to a head.
Okay now so do you all see how the dictatorship of Maliki is working to destroy Iraq? Do you see how he and his goons are plotting to regain control if the situation comes to massive chaos and desperation? This is the only way these dictators can maintain control. So Maliki is not gone yet.
We know the ISIS saga begins with Maliki as does the financial situation too. Remember how he tried to block any oil exports from Kurdistan to the USA. Why do you think he was doing this? He wants the Abadi government to fail. In the process, while he was still prime minister (and commander and chief), he stole billions of the budgetary funding in the process of fighting ISIS.
He did this when Iraq was most venerable and parliament freely granted him a large chunk of money for this purpose. Of course he created the situation to start so for him is was totally under his control. Remember he wanted that “emergency powers” granted to way prior the April elections even taking place.
Much of this missing money was supposed to go towards the payments on the government programs. This is why now the Abadi government was so late in the payments. Do you see the connection now? This is why the citizens took to the streets in riots requesting their money.
Maliki tried to create decent against the Abadi government. he was setting Abadi (or any new prime minister) up for failure even before the elections. He also instigated these riots. An investigation has now found that this has been confirmed.
So you see this man and his goons can not be trusted and are only out to destroy Iraq. We will not see any peace or rest in Iraq as long as he still has any influence or presence in Iraq.
This brings to the recent effort that begins the process of ridding Iraq of Maliki forever.
Link to Part 2