Thanks GeorgeH for sending this to us today
UU6809 – “Heading in the Right Direction” 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.
I wish I had more of the good news from the previous couple weeks. Just unbelievable last couple weeks. We will see what this week brings us.
So today let me address a couple questions that are on everyone’s minds.
What is really happening in Iraq and why did the country deteriorate so much over the Maliki administrations (during his 8 years)? How does this impact our current situation to get an RV sooner than later?
Again it is along read but essential information is you are wondering why the RV is being stalled for so long. So you might want to print it out, get a strong cup of java and sit back in your cozy arm chair. It’s going to be an excellent and informative news letter today.
Remember we still await news from these last reform laws and we know how close they are to completion.
Since it comes up now in many of the articles, I want to point out to everyone that the Moslum holiday Eid al-Adha is a four day holiday and runs from 9/24 to 9/27 this year. The impact should have little to none on getting legislation thru Iraqi parliament. Unlike me most don’t even believe the laws matter anyhow so what’s the point…..lol……lol…
By the way “lol” is “laugh out loud” in case you don’t know.
Today is Monday September 21th and still no RV. Many so called intel “gurus” told you to watch for this past weekend and here we sit once again disappointed on Monday morning. Why?
I have told you that come mid September we would be in an excellent window for the RV. These “gurus” simply took this window from my news letters and used it to find something, some event to justify it for their own self purposes.
Instead they should be studying Iraq and learning truly why I said mid September could be a good starting point to begin to see some positive results. I have tried in past news letters over the last many months to point out these events to you. I did not see them telling you. Why?
Because they are not concerned about helping you understand Iraq’s situation and just want to hype you up and make you feel good. They luv their roller coaster ride….lol….
I also stated in my news letter last week that if Iraq DID NOT complete what it had to complete on time and so the PTB will not RV. They will not RV until these needed laws are in place and at least partially implemented (as required). So why all the hype then for this weekend?
You tell me because I just do not understand the madness behind what these intel “gurus” told you last week. I really do not understand. Don’t they know anything about what is really happening in Iraq and why it could not even remotely begin to RV this past weekend?
So let’s get to the news and start this week off the right way. I think its going to be a good week.
First I have to clean up the mess once again left behind from these so called intel “gurus” and from all their hype over this past weekend. It’s Monday again and many are depressed that there is no RV.
Many of these gurus were saying that Iraq reduced the salaries because they wanted to RV and the new value would over inflate their salaries if they did not first reduce them. Their logic also told us then after the RV they would be adjusted to the right pay scale. Iraq then announced that they would pay the salaries on Sunday 9/20 and so once again they took an ounce of truth and turned it into their own intel and timeline. They told you the RV must then happen this past weekend if they were to pay the salaries. Really?
So why have they then paid the salaries and we see no RV? Same old hype and misunderstanding the events in Iraq. We see this over and over again. They used this same event last month too to hype you all up. Did you not learn your lesson then? So why do you still listen to their calls and their nonsense? Will this ever stop and these so called intel “gurus” buckle down and learn what is really happening in Iraq so they can have informative conference calls?
I will say it one more time – The reduction in salaries has NOTHING absolutely NOTHING to do with the RV! Not this past weekend, not next month…NEVER !
This is what Iraq IS DOING with these salaries:
They simply are trying to scale everyone to a fair and honest, standard government pay scale. This is unlike what the Maliki administration was doing with favoritism, perks and political hijacking using positions of influence as a carrot to support his corruption. It was a mess.
In the process they are also trying to save lots of money. Folks they are in an economic crisis (just in case you don’t know) and are having trouble finding the funding to pay these salaries and pay them on time.
The following article is telling us this and so once again I am telling you. Read it for yourselves. – just the FACTS, no HYPE or RUMORS. Their words not mine!
IRAQI PARLIAMENTARY UNDERLINES THE DIFFICULTY OF PAYING EMPLOYEES' SALARIES FOR THE COMING MONTHS
Baghdad, September 20 (Petra) -
Iraqi parliamentary revealed that the operating budget of the state is threatened not to pay employees if oil prices remained below the high.
And MP Ali al-Badri said in a press statement on Sunday that the government suffers from many Mchaclat are an obstacle to the implementation of reforms, notably the security and economic situation.
He added that oil prices are falling versus large numbers of staff within the operating budget, and if oil prices stay on the religious Iraqi government will not be able to pay salaries in the coming months.
But the parliamentary finance committee member Masood Haider confirmed that the employees 'salaries for the remaining months of this year locked, and there is no indication that the risk of employees' salaries, the state will be covered by insurance salaries. Iraqi state and relies on building the annual financial budget by about 95% on imports of oil exported to international markets, which constitutes a unilateral source of danger to the country's situation
APPROVAL OF THE DISTRIBUTION OF THE SALARIES OF TEACHERS OF NINEVEH, FOR THE MONTHS OF JUNE AND JULY
BAGHDAD - Iraq-Presse - September 21 / Sptbmr: The Ministry of Education confirmed that the guarantee of its cadres in the pay of the usurped the provinces of Nineveh, Anbar, Salah al-Din is a priority uncompromising as affecting thousands of families live source and strengthen their association with the central government.
The ministry revealed in a statement received / Iraq Press / copy of it, "she continued, and during the last term to address the official authorities, particularly the Ministry of Finance to ensure the past months to the people of those provinces the distribution of salaries."
And between general education Nineveh manager, Taha Faloa, that "the pressure exerted by the Minister of Education and correspondence frequent subject of his parents' salaries in Nineveh resulted in the approval of the Ministry of Finance cadres of Education for the province of Nineveh pay the salaries for the months of June and July," adding that "salaries will be distributed after the Eid holiday by Commissions specialized financial subject ".
Next I want to bring you an article, that to me, just about sums up where Iraq is today and where they need to go.
I will let you read it for yourselves. It is a long read but you should take the time to read it and digest it. Maybe read it a couple times.
Once you do read it you too will see how ridiculous it was for anyone to say they would RV over this past weekend. However I will say if they can work out the details on four key issues – National Guard law, the Investment Law, Judicial Reforms, the Amnesty law and the controlling physical security situation we will be a great time position afterwards to possibly see some upward movement in the currency value.
How many article must we read from economists and financial ministry officials in Iraq giving us solutions to this currency reform dilemma. So we know they don’t yet have the answer of what to do.
All possible solutions but nothing from the CBI officially. Oh – did I not also tell you they must clean up the CBI too prior to any RV? We are now seeing movement in this direction too. They can not simply dismiss the proxy governor and replace him with Dr Shabibi. It is not that simple and many of us looking into Iraq from the outside do not understand the influence Maliki and his goons still have and will continue to have until the Iranian support and influence is under control. When this happens they will deal with him, I can assure you of this. The last thing they need now is a civil war.
Iranian influence is a HUGE problem for Iraq and the USA. If they do not control this influence it will plague Iraq forever and now it the time to correct it Pay attention to this in the article below. Also pay attention to the fact that the USA is once again sending massive buildup of combat troops in Iraq.
They do not want to occupy Iraq again nor do they want to have to send troops back years from now. It is a balancing act. When the USA left Iraq in late 2011 it left a huge void. Iraq, under Saddam Hussein, kept Iran under check prior to 2003. While the USA occupied Iraq from 2003-2011 they too kept Iran under check. So after the pullout who was going to check and control Iran in Iraq?
The answer lies of course in the 100+ million trained Iraqi soldiers (trained by the USA military) and the plan to rebuild an Iraqi airforce, etc. The problem Iraq now faces stems from the 8 years of Maliki when his administration could not be trusted with a buildup of military power and weapons from the west. The plan fell apart. Maliki would surely have used these weapons against the Kurds and to support an increasing Iranian influence and more terrorism. We witnessed the ability of the leadership and strength of the Iraqi forces in what happened in Mosul in June 2014.
So the cause of the dilemma Iraq now faces with Iran, could have been avoided if the USA did not support Maliki but instead supported a candidate with a track record more conducive the long term goals of the USA and its allies. The overall plan to rearm Iraq may have worked if followed through. They would have had a better trained army to repel ISIS and to prevent the Iranian militias from taking over. They need to correct this situation NOW! They know it and Abadi is working hard to do it with very limited resources.
But it is premature to say it is corrected already. Besides the terrorism and the Iranian influence now that Iraq faces is also amplified by this recent economic crisis (by the drop in oil prices).
The RV will not solve this crisis as many say. Instead it is like being stuck in the snow storm buried in snow (as from my previous analogy). Where do you go? Where can you go without fixing some fundamental issues now facing Iraq.
An RV in fact would only make the situation worsen leaving yet more squandered wealth to support terrorism and money laundering to Iran and ISIS. These are the areas of concern and we all should be paying attention to them.
The RV is the end result not the solution in itself. Can the situation be corrected in a timely manner?
Yes –it could, but it will take military strategies on the part of the USA and its allies. Personally I do not feel the current Obama administration will have the guts to commit to the strategies needed to do the job that needs to be done in the middle east. So it will also take the Abadi administration’s reforms and for him to stand firm on anti-Iranian influence in Iraq. It will take the Arab countries themselves to stand up unite under the GCC and for the Arab way of life and the great wealth they can acquire as a unified council.
If this does not occur we may have to wait for another (probably a Republican president) to take more fortitude and increase USA and allies presence once again in the middle east against ISIS and the extreme terrorists.
So for all you so called intel “gurus” reading this news letter today I want also to say that I do not rely solely on news article for my news letters. I have resources beyond what anyone of you can begin to imagine. I am one of the few information sources for you investors that was actually in Iraq and Kuwait during the wartime.
I read the intelligence reports and gathered this information. I feel for the people and I am fully aware of the political situation. I still maintain many contacts in the military and in the Iraqi and USA government. So I wish all of you that are guessing would just learn to listen to what I have to say. It would bring you much more credibility and good standing on your conference calls.
Iraq knows they need to do something with the currency value and they know they need to do it quickly. But they are in a dilemma now. Dammed if they do RV and dammed if they don’t RV. Do you understand?
I believe they are now targeting RV by Oct 1st.
But it is just a target date. If we do not see something by then ( I hate to say it) but we may be going into 2016 and have to wait for a changeover of command in the USA Whitehouse.
Why do I say 2016 (but conditionally)?
Link to Part 2