(Thank you George for emailing this to Dinar Recaps.)
UU6807 – “ Quick Update – Status Going Forward?” by Mnt Goat
Today I come to you once again to see what sense we can all make out of this RV saga of the Iraqi dinar.
Sooooooooooo much news coming out of Iraq I can hardly believe the progress and all in the right direction.
I am sending out this news today since I believe it is a critical period we are now entering and all of you should be prepared for anything to happen in the very near future.
As I said previously this timeframe from mid September onward is a critical timeframe for Iraq and much is riding on them completing these economic reforms and other reforms on time. What is this timeframe? Do they now have a good progress report? Are they ready to pull the trigger on this currency reform?
I will try to answer many of these questions today.
Today is Wednesday September 16th and still no RV.
National Guard Law – what is the hold up?
I want to begin today with news about the National Guard law and its importance to Iraq and us investors (no National Guard law thus no RV). In a previous news letter I promised you I would investigate this law and get to why it is taking so long. I included a couple article below for your reading. My response to your request go way beyond these articles. So please also read my commentary below.
So here is a quote from the article below - "The National Guard Law is one of the most important paragraphs of the document of political reform”. So do you think this is a “nice to have” law or a law that is needed to maintain security of the provinces (i.e. from ISIS control)? Their words not mine.
Another quote from the article below from Iraq tells us why the law is being stalled– “National Guard in its current form, which would be the beginning of the partitioning of Iraq', excluding 'passing the law in the present time because there are disagreements which had not yet been resolved”.
Think about the last quote from above. If the provinces are dominated by one or another sec and they begin to fight each other, under the new law each providence is to be fully equipped and armed to repel and fight invaders. So why couldn’t they also use this security forces to fight each other in a new civil war? Or even eventually get under the control of ISIS and equip them? Such as a Sheite dominated province fighting a Sunni dominated province. Is this now basically what is going on now?
Do you see the problem? So they must consider somehow making also the security forces of each providence also under control of the Federal government, much like the Federal government of the USA has done. But Iraqi government has already proved itself incapable of controlling this effort. So who will do it?
They will most likely use the coalition forces and stabilize these provinces one at a time. Then leave a segment of the coalition forces to manage these security forces until the Iranian forces are gone.
In my last news letter from 9/15 (LINK) I talked about “hasty reforms” and “long term” reforms. The National Guard protection is a hasty reform and so it was agreed to the new law would be accomplished in the 90 day period in the June conference. It was one of the seven promised negotiated at that time. It is now mid September and still they do not have a solid law that can be agreed on in parliament.
So you see this is an URGENT and VERY IMPORTANT law to get passed and implemented.
I fully expect them to reconcile any differences in this law in the coming days and we will see this law passed soon. We can already see that the USA is taking more control since the agreed to time period was not accomplished. So Iraq has to either move forward or they will continue to take more control as time moves forward. I do not seem to see any more negotiations for more time to be given to Iraq.
PARLIAMENTARY DEFENSE AND SECURITY MEMBER CONFIRMS THE EXISTENCE OF US PRESSURES TO PASS THE LAW NATIONAL GUARD
A member of the parliamentary committee on defense and security, Iskandar Witwit, Monday, the presence of US pressures to pass the law in its current form for the National Guard.
Witwit said in a statement, told (Information) that 'there are US pressures exercised on the Iraqi Government to pass the Law on National Guard in its current form, which would be the beginning of the partitioning of Iraq', excluding 'passing the law in the present time because there are disagreements [which] had not yet been resolved'.
He explained that ' the question of impossibility of passing national guard due to the fact that the Ministry of Defense and of the Interior legal standing as an impediment to him and therefore has not been approved within the Iraqi Parliament.
He pointed out that, ' the Union's claim that the National Guard is formed only of the provinces controlled by terrorist bands daash represents injustice right popular crowd forces offering sacrifices and martyrs in the battles against daash in those areas.
ARAJI CALLED FOR A VOTE ON THE DRAFT OF THE NATIONAL GUARD AS GOVERNMENT LAW
Baghdad scales News - Labeled outgoing Deputy Prime Minister Bahaa al, Tuesday, the National Guard and the law of one of the most important paragraphs of the document of political reform, as called for political blocs to vote on the bill as received from the Council of Ministers.
They said in a statement received / scales News / copy of it, "The National Guard Law is one of the most important paragraphs of the document of political reform, and that the Council of Ministers recommended at its first meeting the need for the completion of the draft of the bill and vote on it and send it to parliament within a period of three months, and already has The Cabinet set up a committee of representatives of the University of the various political blocs under our chairmanship of its members, where they were preparing the draft of the National Guard and law voted by the Council of Ministers and sent it to parliament."
He said al-Araji, that "there are constants in this project agreed by the Committee and approved by the Council of Ministers it is that the popular crowd with all its components represent the nucleus of the National Guard, and that the correlation of the National Guard be General Commander of the Armed Forces, and be under his command and is subject to the decisions and orders, and that the Guard consists of a number distributed according to population ratios for the provinces."
Araji pointed to "the existence of paragraphs clear how they are dealt with on the basis of selection and identification of arming captain and his movements."
Araji He continued that "if there is a disagreement today in the House of Representatives about the fundamentals of this project agreed consideration, particularly the issue of the popular crowd forces the heroine of all components of the nucleus of this project, it means that the dispute mainly revolves around a document of political reform."
He called al-Araji, all the political blocs to "vote on the draft National Guard law as received from the Council of Ministers," asserting that "the popular crowd components when they fought the enemy did not fight in defense of the community or national certain, but in defense of Iraq and all Iraqis,"
Link to PART 2