( A special Thanks to GeorgeH for sending this update to us-The Recaps Team)
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The news letter today is very long but I assure you that it is something that now must be told since the stalling of the rollout of the final steps of the RV process is still continuing.
If you are told the process is progressing those that tell you are lying. We all have wished and hoped that any illegal ambiguities in the process would have been corrected by now since those involved are well aware of the problems.
Nothing has been done. The stalemate continues.
My sources are telling me now that if the citizens of the USA and around the world do not stand up for justice and demand that an investigation on this matter take place as soon as possible, we may not see the conclusion to this RV process until maybe 2015, if even then, if we are lucky. This will drag on and on.
It is hard to give up the goose that is laying the golden eggs.
Let me also give you an historical perspective on this revaluation process since I have been following this now for many years. This is important to understand and it can give you a good perspective to how messed up and manipulated this RV process really is and who messed it up.
Clearly the process is owned by the Central Bank of Iraq (CBI). The USA in only suppose to administer the technical process since they control the software necessary to roll this out to the world. The IMF is the referee and so is working with both parties.
So the USA maintains and owns the technical software and controls the rollout process to the banks and money exchanges. Should they now be making decisions as to when to roll out this RV to the international community or just follow directions as given by the CBI and the IMF?
What really is their capacity? Are they overstepping their legal capacity by having the means to control the process by controlling the software needed to roll this out?
So the USA controls the final link to getting the new rates international. The USA also controls the web site for the CBI and so this site too can not be updated with the new rates until the USA completes the rollout to all downstream applications.
Having said all this can you now see why the USA unofficially and indirectly controls the process. This is not the way it is supposed to be and must stop immediately.
So there is no sense to look for the CBI site updated until the USA decides to update it. This is why Iraq can not force the RV.
There is talk that the CBI is contracting with a company now to build their own site and roll it out very soon with the new rates to advert the USA influence. The IMF is encouraging this as a means to ensure they can control their currency independent of the USA, which has proven time and time again to be irresponsible in the handling of this rollouts process.
First let me say that as far back as 2011 the acting governor of the Central Bank of Iraq (CBI) at the time, Dr. Sinan Al-Shabibi made a request of the Iraq parliament to restore the Iraq dinar to its pre-war value or higher. He did this as a courtesy since the CBI does not have to ask permission of parliament to do its job. They have charter with all member countries which dictates their responsibilities.
This restructuring process is a multi-step process and would take many months to complete. But he could now officially begin the process.
The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.
The functions of the CBI in addition to achieving its primary objectives are:
-Implement the monetary policy and the exchange rate policy of Iraq.
-Hold gold and manage the state reserves of gold.
-Issue and manage the Iraqi currency.
-Establish, oversee, promote a sound and efficient payment system.
-Issue licenses or permits in addition to regulating and supervising the banking sector as specified by the Banking Law.
-Carry out any ancillary tasks or transactions within the framework of Iraqi law
Remember this – Who owns the central banks around the world? This link will tell you. It’ss no secret. .
Keep reading ( I know it is long) but I am hoping you will see the internal fight going on between the owners of the CBI and the USA and how this all progressed over the last couple years into a huge mess.
You wanted to know why the hold up of the RV process? Who is holding it up? Well I am trying to tell you.. Are you listening? Do you really want to know?
There is an ongoing effort by certain parties (a sector of the USA government) to circumvent the Federal Reserve. Their future plans call for turning over the handling of the monetary policy of the USA back to the US Treasury.
We are now seeing signs of this with the new gold backed notes (also part of the new IMF asset backed currency policy). We all know this is not going to happen overnight and is a long process. There are a lot of changes to take place. They have a very tight stronghold on the USA and the final outcome is still uncertain.
There are certain items now up for contention that must be released by these families (or entities) in order for the apposing sector to allow the RV to happen. One of these items is to cut the currently owed massive US Federal debt in half, essentially erasing half of the debt owed to these families thus eliminated a large portion of the interest paid to in maintaining this debt.
Next to go back to a balanced budget (intentionally in the red to rack up massive debt as a scam to pay the high amounts of interest). it all boils down to this – Do you kill the goose that has been laying the golden eggs and have no eggs.
Or can you be happy with taking just some eggs and leaving some for the goose to nest on and reproduce thus create yet more wealth in the future. Then feed the goose so it is healthy and can lay yet more eggs?
To do this means giving up more monetary decision making power and giving it back to the UST. This is what is at stake.
At times there is a close agreement but often they fail to want to give up the power they now have over the USA but controlling the monetary policy. They are once again using the RV as a political maneuver, a pressure point to get what they want.
Remember power always lies to who controls the money. So this is the deadlock. Who will ultimately give in? So as long as the UST is given directions to stall they will continue to find excuses to hold up the final rollout.
I know some of you reading this news letter will fail to want to know the truth or have the capacity to understand it even if it were so obvious it could bite you in the nose….lol.. but this is your fault due to your education. I will not suppress the truth as a mere convenience to satisfy your ego. Maybe it is time to get educated.
So now let me continue tell you the story of how this mess began.
So at this time DR Shabibi was granted permission to begin this project. So it was now was endorsed by Parliament and the Iraq Finance Ministry. This had to be a joint effort between the CBI and the Finance Committee.
We know by Iraq law there is no necessity to make such a request for permission to the Council of Ministers (Maliki’s ministries), In fact if they did get involved and began to dictate monetary policy it would only be a conflict of interest and legally they should be prevented from such actions. This is a control mechanism in their constitution as a check of balance of power (to prevent a would be dictatorship).
Later in 2011, a couple weeks after this permission was granted, the Prime Minister Maliki and Dr. Shabibi began intense arguments over the restructuring project and the timing of the final rollout.
This rollout would be a significant increase in value of the dinar. At this time, Maliki decided to use the RV as political leverage in getting the country out of sanctions Chapter VII. He had no intensions of letting the currency RV while still being in Chapter VII. Was this a requirement? No – Dr. Shabibi had every rite to RV while still under sanctions..
The financial world stood up and noted that perhaps after the USA troop withdrawals in late 2011 that there was the first real possibility of seeing this currency restructuring project come to revaluing the currency.
Then in the spring 2012 we noted again Dr. Shabibi along with the Finance Ministry announcing that the lower denominations would be distributed in September of that year. He obviously fully intended to revalue the currency prior to this timeframe since the lower denominations can not be distributed without some kind of significant increase in the value of the dinar.
So for those who dispute this fact I have to tell you this. Who do you believe the governor himself of the CBI or some intel hype?
At this time Dr. Shabibi did begin to move forward on this process and set in motion many of the planned activities necessary to eventually restructure (or revalue) the currency. We all read about these activities in articles and we go excited.
It seemed we were on track for an RV by mid 2012 and I believe this was the plan.
There was a reason for why Dr, Shabibi was being so aggressive in rolling out the RV’d currency.