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UU8822 - “Final Steps”
I come to you today to give you a recent update on the election process and how this relates towards the international rollout of the IQD for Iraq.
Note: If you have not read my previous news letter from Monday 8/11, I encourage you to first read it. Today's news letter, as in all my news letters, is a continuation of the ongoing saga of the IQD RV process.
Today is Sunday 08/17 and all the news looks very encouraging that this week is shaping up to be an excellent window to finally see the final rollout of the revaluation of the Iraq dinar.
A week ago we heard CNN and FOX news broadcast on Friday 8/8 that USA president Obama referred to “in the coming days” we will see a new PM in Iraq. All looked pretty good going into last weekend to get the new prime minister. Finally the announcement came on Monday 8/11 of the new prime minister.
So this week there has also been some great events leading to yet more stabilization of the Iraq government.
As you may already know that Iraq did finally shake off that parasite call the outgoing prime minister Nori Al- Maliki.
On Thursday 8/14 he make his forth resignation speech in two months, however I believe this time he will keep to his word. In the background there was a firmness from the USA on this topic along with an assassination attempt.
I think this was all a wakeup call for him. I believe he is especially done since he has also showed us signs that he would leave. He did this by moving out of his office, announcing his resignation this time on public television (with the new prime minister standing by his side along with his outgoing council of ministers).
He is still physically around Badgdad but he is not very public these days. When they need him they call for him. He is under guard and carefully watched 24/7. This is contrary to what many believe that he has left the country.
He has a very limited immunity and I am told it will expire as soon at the government is fully formed. I do not know if this is true. He basically now has no choice but to assist and support it. By not doing so would surely be a nail in his coffin (literally).
So the next big step is for the new Iraq prime minister to designate/nominate/chose his new ministers to form his Council of Ministers on time. According to the Iraq constitution he had 30 days to do so. As of September 11 the next Iraq constitutional deadline will expire for this task.
So this week on Thurs 8/14 we witnessed an announcement by the new Iraq prime minister Abadi that he would most likely have his council formed in only 48 hours.
He also stated he was targeting for the announcement to the news media of a fully formed government of Iraq on Sunday 8/17. That is today ! We still wait.
Do I believe it will take the entire 30 days? - Absolutely not !
First of all being that Maliki is now out of the picture for good I do not see any interference or the usual orchestrated holdups.
Next I know for a fact the USA and the UN are not going to support any currency revaluation until they are reassured and fully convinced that this new government is non-sectarian, free from influence from Maliki and his goons and supports all the goals of the western political and economic theology.
In Case you are wondering
Why is the new prime minister being call designate? - The USA is insistent on calling the new prime minister “designate”. This is because they still need his cabinet to be formed until they will officially recognize him as the head of the council of ministers.
Remember Maliki did not seat all his ministers in 2010 or throughout his mandate and so legally / technically Maliki did never has a fully formed government. This is why the no-confidence vote in 2012 was so favorable a tactic in getting rid of him so quickly.
Of course we all know the sad ending to this story. Since the USA did not support the honorable president Talibani and Allawi in this effort. So nothing ever came of it.
In December of that same year Talibani suddenly had a major stroke while in a meeting with Maliki. The meeting was long and not very pleasant. Harsh words were spoken from both parties.
I still firmly contend he was poisoned by Maliki and his goons but the poof is being withheld so as not to cause any sectarian reprisals. This is the way Talibani and his family wanted it.
In doing a no-confidence vote, the USA would have had to pull support from Maliki in 2012 and they were not yet ready to do so. In retrospect we can see this was a huge political blunder on the part of the USA. We are now paying the price for this with ISIS.
According to the constitution, each minister on the council (or cabinet) must be ratified by parliament and take their oath to be on the council. The candidates for Defense, Security and Interior were never ratified by parliament and Maliki never replaced them with new candidates like he was obligated to do.
So for 4 years these positions were only filled by proxy. Legally the prime minister himself held total control and responsibility for the happenings of these ministries.
So the USA continues supporting the calling in for air strikes where and when needed. These are raids from fighter jets stationed on one of the many aircraft carriers now in the Mediterranean sea.
Many other foreign forces too are now pitching in with equipment and ground forces. ISIS is falling apart and it will not be long until it is all but dismantled in Iraq. There is still some major threats in strategic parts such as the Mosul dam, which is under siege and threat of being blown up.
I personally believe this situation is under control enough to let the revaluation occur. In fact plans are now being laid out to aggressively conduct this final rollout of the currency reform once the final announcement the fully formed Iraq government is made public.
So today’s news is all very, very good news. Nothing but very good news to report.
What can we expect next?
So the clock starts ticking once again and the new PM now has just 24 days (about 3 weeks) remaining to make the announcement of his fully formed new government to the world.
We all are expecting this not to wait till September to occur but to happen today Sunday 8/17 or by Monday morning 8/18. I base this statement not on my own conjecture or rumors but on what the new prime minister Abadi himself had said last week.
Then when can we expect the RV?
All I will say is what I have been saying all along. Since the PM is now selected (the third of the three presidents) we wait for his cabinet to be formed and a formal announcement to the public that the Iraq government is now fully formed.
The CBI has also given nothing by favorable acceptance of wanting and approving an immediate rolling out of the currency back to its international status. Their hands are now washed of this effort. They wait now like us investors.
Along with this will be the new reinstated/revalued rate. In fact we may never see the reinstated rate since I believe they will go directly to the revalued rate. Had this happened in 2010-2012 the situation may have been much different.
These will all be our signs that the RV is just around the corner.
I do whole heartedly believe we are once again in a very sweet spot to see the RV announcement this week sometime. Be patient it is coming.