(Thank you George for emailing this so Dinar Recaps can post it.)
MNT GOAT NEWS LETTER Edition: UU6913 Dated: March 23, 2016
Title: “Major Economic Changes are Coming”
So today I want to wish everyone a very Happy Easter !
In my village we have a very important event coming up right around the corner. We are all very excited. It is our annual Maibaum fest (or May Pole fest). The committee has been working tirelessly in getting all the preparations completed. Our village holds the festival on May Day or Weekend of Pentecost Sunday. Will you come and join us?
The news just keeps getting better and better as we can now understand the full scope of the problems facing Iraq in their crisis. This crisis is not only an economic crisis or a crisis in fighting ISIS or DAASH but a moral crisis at the very root of the heads of their government.
So today I bring you yet more news of this RV ongoing RV saga. I know I sound like a broken record again but this is the news. I don’t like some of the news anymore than you do and I wish they could just RV and get it over with. But we know great efforts are being made to fix it all and this is in itself very good news.
Can you please look at the glass as being half full with me, instead of half empty? It will make you feel much better and give you comfort in knowing this RV must happen very soon. I will explain in more details today in what I mean by this statement.
I know my news letters are long, after all I write them…lol…lol…Please, please take the time to print the news letter, sit in a comfortable chair and slowly read it. A cup of strong hot coffee often helps too. It all makes a lot of sense today in what I bring you. If you chose not to pay attention then I can not help you. There is a saying “you sleep- you weep”. You must make some effort on your own to educate yourself on the reality of the Iraqi situation and what they are about to do.
NO Hype, NO Rumors, just the FACTS.
Today is Wednesday March 23rd 2016. Still no RV. Sorry Charlie!
Update: Needed New Laws
Oh – so I thought these so called intel “gurus: were telling you many times that HCL was “all done”. Really. See article below.
How many times have these “gurus” told you this and with strong convictions too. They even sounded so convincing. It is very frustrating to me to attempt to bring you honest and straight forward news on Iraqi situation when I have to deal too with all these misguided people suckering you in with all their misinformation. Please try to understand. For every step we take forward in learning, they take you back two steps in brainwashing you with their garbage intel. You luv their intel because is hype not factual. My advice is stay focused on the issues in Iraq and never mind about all this everyday / any day stuff for an RV. I do not know why the banks expect an RV every week and they must be just as misinformed. I do not know why the UST is telling them constantly that the RV will occur when they too should know better. Maybe it is to fool everyone so we can’t predict when it will actually occur? Well they are certainly doing fine job at fooling us.
Today I will try to cover many questions that are still being asked of me and since we have many new readers I will take the time to address your concerns.
So with HCL they are wrong once again…dead wrong. I have been telling you all along HCL still is not all settled and the citizens have not yet received their share of the oil revenues. They can load the funding on the Qi cards all they want but until they activate them (new rate or old rate it does not matter) they have not yet paid them. The GOI does not want to pay out oil revenues since the government has mismanaged the great wealth of the nation and the money is simply not there to payout. Instead it is all in the pockets of the crocked politicians.
These HCL payments to the citizens are not just nice to have but mandated by the UN and the USA. Now we see the religious clerics too fighting for the average citizen for them to get what is rightfully theirs.
HCL is guaranteed by their new 2005 constitution as the PTB that helped them write the constitution forced this upon them as a check and balance to any politicians who sought to enrich themselves by depriving the Iraq people of some of this great wealth. But to spite the constitution the previous administrations in Iraq have played cat and mouse games when it comes to sharing the oil revenues with the average citizens. They agree to the concept, talk and argue about it over and over again, but do not walk the talk. So the it is once again the average citizen who suffers and is felt powerless to do anything about it. This is only one example as to why many of the Sunni’s join ISIS.
Just remember I keep telling you that their new constitution must be FULLY implemented or no RV. Mark these words carefully by Mnt Goat since I have said them many times, not as a rumor or conjecture, but as FACTUAL. I have been told this directly by some very strong politically connected people, people who don’t lie and would have no reason to lie.
So do they have their constitution FULLY implemented? Have we seen HCL payments, have we seen the Federation Council announced, Article 140, etc, etc,,,? I could go on and on and you know what I am talking about. So how can we possibly expect an RV this weekend or any other weekend until all this is done? You tell me cause it’s not a surprise to me we have not yet seen the RV. But I will say, like you, I too am very frustrated it is taking them so long to complete the very last part of a long journey. Some say it’s always the last part of the journey that takes the longest since the obstacles seem greater to overcome when you are tired. But this is where fortitude and will power must prevail and are important. I believe the average Iraqi citizen has what it takes to complete this long journey.
So the article below is living proof now and you should take this information to these so called intel “gurus” out there and challenge them. Ask them why then we are seeing Sadr talking about the how the citizens should now get their fair share of oil revenues, if HCL was “all done” then they already should have gotten paid - right? Challenge them for they are wrong! Ask them why they said this in the past and it was not true.
Incidentally how would you feel if your government was stealing billions and you couldn’t even get the buildings reconstructed from a war, have electricity, clean running water, pension payments or even pay your salary as a government employee when it was due? What about the dysfunctional parliament and the parties that withhold any progress and stall and delay the needed laws to correct this mess?
Do you seen the mess they are in. Would you RV their currency knowing that the same old process is still in place for yet more of the wealth would be squandered by crocked politicians. NO ! NO ! NO !
By knowing all this - Do you think the PTB are doing Iraq a service or disservice by holding back the RV and thus forcing Iraq to get their newly formed democracy in order?
SADR WANTS IRAQIS TO GET A SHARE FROM COUNTRY'S OIL REVENUES
MARCH 21, 2016
Influential Iraqi Shi'ite Muslim cleric Moqtada al-Sadr, leading protests to demand a technocrat government to fight graft, urged authorities on Monday to give every Iraqi a direct share from the nation's oil revenues.
Iraq, with crude oil reserves among the largest in the world, ranks 161 out of 168 in Transparency International's Corruption Perceptions Index in 2015.
``Allocate a share for each Iraqi citizen from the oil revenues,'' he said in a speech detailing proposals to end graft, improve public services and revive the economy. He gave no detail on how this might be done.
Sadr's followers have been staging protests for about a month demanding a new government be formed with technocrats not affiliated with political parties in order to fight rampant corruption.
The cleric didn't specify if his demand on distribution of oil revenue to the population was a condition to end the protests.
Next its time to talk about the General Amnesty law again..lol..lol... Yes- once again they are filling the people in on the current status and reinforcing to them about the dysfunctional parliament. They say the final version of the law has been sitting in parliament for over 15 days already. So where is the much needed law. Can they have it legalized ? Enough already!
THE FINAL VERSION OF THE LAW OF GENERAL AMNESTY READY AND IS NOW ON THE GOVERNMENT TABLE
Parliamentary Legal Committee revealed by Salim Chawki, said on Tuesday that his committee ended the final wording of the law of general amnesty and sent to the Presidency by more than 15 days, indicating that they are covered by the law , who have no influence on society.
He said Shawki in a press statement, " The Legal Committee ended the final wording of the law of general amnesty, and submitted by more than 15 days to the Presidency , " noting that " the final version took into account that they are covered by the amnesty of no effect on the community, taking into account the lack of loss of rights victims. "
He noted that "covered by the general amnesty drug users, and the killer who pay (blood money) for those with the victim was ceded the right person, and thieves of public money if the money back to the state, and kidnapping if they do not cause harm to the kidnapped."
He said Shawki " The amnesty does not exclude, incest, sodomy, rape, drug trafficking, terrorism and others."
Update: Iraqi Economy
So many keep asking – What else do they need to do to fix the banks? I don’t know about you but I am getting tired of hearing about all these banking issues. Just fix them? Pass some banking laws and get it done. Then enforce the laws.
Well if you pay attention and read the articles below you will find out that there are still serious problems with the banks and need to be corrected. Now they are telling us a possible solution to the corruption in the banks is to go ELECTRONIC. Sound reasonable to me. Thought they would have gone in this direction already? But we know they just privatized a bunch more banks and are up to over 50 private banks, almost double from a couple years ago. So maybe they need to catch up. Remember these laws are important because Iraq will need the western society to establish branches of their banks abroad in bring the needed capital investments with them. Will they want to open up branches in this current banking environment? NO ! NO ! NO !
PARLIAMENTARY ECONOMY: AN ELECTRONIC SYSTEM IN PRIVATE BANKS ONLY SOLUTION TO CURB CORRUPTION
March 22, 2016
Special – balances News
Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib, on Tuesday, an electronic system in private banks only solution to curb corruption.
She said Najib’s / balances News /, that “the sale of the dollar in private banks is one of the largest species of corruption to the different prices of the bank to Achar and lack of agreement on a fixed price,” asserting that “the system electronic in private banks only solution to curb corruption.” She added, that “the system is under the direct supervision by the central bank.”
Revealed for the economic and investment commission in Parliament, earlier, that the existence of fraud within the government and private banks because of their dependence on the old system of management, while pointing out that the old ways continue to deal affects the economy of Iraq .
From: Haidar Almitm
So now we hear of yet more liquidity problems. Same old saga….only complaints but nothing is ever done about it for a permanent solution. We should know by now every time the CBI cuts back on the currency auctions it creates less US dollars in the banks to pay the bills to foreign importers, thus a liquidity problem.
Maybe the final solution is to cancel the currency auctions and just go global with the currency so they can instead pay their bills with Iraqi dinars?
PRIVATE BANKS: IRAQ IS SUFFERING CASH SHORTAGES
March 22, 2016
Our economy / Baghdad
Confirmed private banks association, said Tuesday that Iraq is suffering a shortage of liquidity due to lower oil prices, revealing that the main problem in Iraq lies in the management of funds.
The executive director of the Association of Iraqi private banks Ali Tariq said in a statement seen by the agency of our economy News that "there is a shortage of Iraqi cash because of the economic conditions experienced by Iraq," he returned that "the main problem in Iraq lies in the management of funds and liquidity
He said Tariq, that "there are a lot of government institutions, which owns a financial surplus, as opposed to another number suffering from a fiscal deficit," revealing that "there are several proposals for the management of the funds and cash in Iraq, including consolidation, especially since there are disclosed a process under way to inventory the existing funds in institutions, in order to clear the financial position of the country.
he Executive Director of the Association of banks, that "the economic cycle and the liquidity crisis has affected the work of private banks," asserting that "private banks association is cooperating with the Iraqi government today to enable the banking sector to take a role and contribute to the exit from this crisis.
Update: 45 Day Deadline for Technocratic Gov’t
First me let tell you something about this new concept of a “technocratic” government. In fact the concept is not new and Abadi did not just come up with this idea for reform. He has a close panel of advisors and set up committees for the reason of finding areas in the government that are causing the delays and stalling in the needed legislation and needed reforms process. So this “technocratic” idea was conceived almost 3 months ago but nothing ever came of it. So can you wonder why just recently Sadr put some FIRE under the GOI to get it done? If Sadr didn’t act we might be waiting months more, maybe a year.
Remember not all the ministers are being replaced. Many are just be reshuffled around to positions they are best suited to work in based upon their education and prior experience. This is all being done in disregard to the quote system now in place which caused the misplacement of the ministers since they were placed in positions to fill the tribal sec quote and not by knowledge. Also remember too many of the ministers are going to jail for corruption and they too need to be replaced. Abadi has also consolidated many of the ministries and so less ministers are now needed in his cabinet to get the job done. So this effort goes beyond just the “technocratic” aspects and is way over due.
Let me shake the dust off an article I included in my 3/18 news letter. It talked about the three presidents getting together to discuss the cabinet reshuffle. Do you remember this article? So now we know the results of this meeting in this article I bring you today. See article below. They plan to complete it within a week which tells us by the end of this month, that’s just about 7-8 days away.
See these articles do make sense and we all should pay more attention to them if we really want to know what is going on in Iraq, thus they give us an idea of when the RV might be more likely to happen. They tell us a lot. So much for these so called “gurus” who tell you to ignore the articles and only listen to their form of information …lol….lol…Of course this is how brainwashing works…lol…lol…
So what else does this article tell us?
1) It tells us the Judicial side (the Supreme Judicial Council) needs a kick in the butt to start prosecuting the corrupt officials. I mean the high level officials. So they too need some pressure exerted upon them.
2) Next it tells us they are aware and will work on the “stalled” and long “delayed” legislation in parliament.
3) then it tells us Abadi’s cabinet reshuffle will be completed (new ministers assigned) within a week
Their words not mine…lol…lol…No secret intel here from some secret sources…lol…lol….
I quote from the article below – “that would follow up the implementation of the reform measures and alterations ministerial week and activate the work of the Supreme Council for the fight against corruption and speed up the resolution of independent bodies”
I quote again from the article below – “for the work of the House of Representatives on the completion of stalled and delayed the legislation of laws”
I quote again from the article below –“follow up the ministerial reforms and adjustment in a week”
Why is this all such VERY GOOD news to us for this RV saga?