UU6804 – “A Turning Point” by Mnt Goat
So much news from Iraq!
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 also bring much hope in the fight against terrorism in the aftermath of the attack on USA on September 9, 2011.
In my last news letter dated 9/7 (LINK) and 9/9 (LINK) I talked about Abadi’s reforms on corruption and why the Iraqi dinar currency reform was being stalled.
Many have said all the laws were done and we are just waiting for timing for the RV. Really? Well if you watch long enough you might see it (of course) but what does this say about your intel?
Folks I gave you the evidence. It is right in front of your noses why they are stalling the RV. No mystery, no hype they directly told us why in plain English (or Arabic). I have presented it to you.
There is nothing in the grey side or mysterious about why they are stalling the currency reforms-
Remember I said (really Iraq said) they had postponed the currency reforms due to three reasons:
1) money laundering and bad banking practices
2) wide spread corruption
3) security reasons
Nothing grey or mysterious about it !
So Iraq must first clean up the corruption and othe issues that resulted in the CBI postponing the currency reforms in the first place.
They must now write laws (such as the Anti-Money Laundering law and others), pass them through parliament and then implement them so this corruption will now be illegal and will not happen again to bring down the country in the future (as it has over the last 4-8 years).
They also need to clean up the corrupt officials and get rid of unnecessary positions (reallocate these salaries to better programs). I am demonstrating some of these programs to you later in this news letter.
As far as security reasons – they must find a way to get rid of Iranian Qud forces and fill the gap that will be left behind. How do they do that? I HAVE BEEN TELLING YOU ALL ALONG – BY PASSING THE NATIONAL GUARD LAW. This law will turn over the militias (or private armies of the different parties) to the provinces and structure them). They may have to use the coalition forces once again to temporarily fill the gap once Quds forces leave but the long term goal will be to train and manage the sovereign Iraq armed forces and place them back into a disciplined fighting force. Remember this was already done prior to the USA ground forces departing Iraq in 2011. They left behind over 2+ mill Iraq trained combat and security forces/soldiers. But what happened to them?
Maliki’s 8 years of administration corrupted the Iraqi army ranks and he did not manage the troops as a disciplined / structured army (and we are seeing the results in Mosul and Anbar). His legacy left behind 25k+ ghost soldiers with rampid corruption and lack of moral, discipline and leadership.
Can you see where they are heading? Can you see what has been happening over the last month?
Actually this effort did not begin just a month ago but rater has been in the planning stages for a very long time. We only now are beginning to see the results because we are getting many of these needed laws and policies enacted. Things are beginning to happen in Iraq finally.
Does it make sense then to watch these items (new laws, reforms and security) if you truly want to know the timing of the beginning of any completion of the currency reforms?. This is the “intel” you should all be watching for. Forget this nonsense of RV any day / every day. Do you remember I said the RV is by-product of the reforms. The RV in itself WILL NOT SOLVE THE PROBLEMS OF IRAQ.
I extend my challenge once again to anyone who wants to debate what I have said in this news letter today or any of my news in the past couple months about the reasons for these reforms and the timing of any currency reforms.
But if you take the challenge please do not bring into the mix this nonsense about this misinformation intel and garbage stuff from these so called intel “gurus” conference calls and forums. This crap has no place in my world. It has no significance to me since I am looking for facts not intel from some “secret source”, some rumors or “your feelings” or conjecture on the topic. You can go ahead and “feel” any way you want but about the timing of this RV. But unless you back it up with facts,,,,well they it is just feelings and so you can keep them to yourself as far as I am concerned.
Today is Friday September 11th and still no RV or hopes of an RV window until at least mid September. Why?
In 2006 Iraq has it’s first launching of sovereign bonds. Did they have an RV then? So why do they need one now for the 2015 launch. So please there is no dependency on these bonds for an RV. Today is Friday already and still no RV and the bonds did get launched on time yesterday.
However could the funds ($6 billion) be used to set up for a near future effort to do something with their currency? Let there be no mistake this is a very strong possibility. To put the icing on the cake we should be watching carefully for these three laws: National Guard law. Investment law, and Money Laundering law; and then for signs of significance success in Anbar and Mosul areas over ISIS.
I told you from mid August to mid September would be a very critical time for getting these reforms accomplished. I told you Abadi would make a final push to get them completed and it would be very sudden and unexpected by most. We are witnessing all of this now. So was Mnt Goat correct again.
I told you there would be a progress report of the Iraq needed laws and reforms in mid September and out pops news of a scheduled third Conference 9/11-9/17. So who is right again?
I told you that “if” this reform process is successful, we would be in a great window to possibly see the currency reform project pick up momentum and maybe see a significant increase the value of the Iraqi dinar and the continuation of the “deletion of the 3 zeros” project. This would occur sooner than later. Then just recently again out pops 2 important articles by MPs asking the same questions we are asking – that of why has the project to delete the zeros not been completed and why have the lower denominations not yet been distributed?
Funny how we get these type of article just before a critical window of opportunity for an RV is upon us.
But I also said IF THE REFORMS AND LAWS WERE DELAYED we may be seeing sometime in early 2016 for our next window of opportunity for an RV. Many still put words in my mouth and claim I am giving a 2016 date. Did you just read what I said? I said it was all dependent on the meeting being held in mid September 9/11 – 9/17 to determine actions going forward and setting new target dates. So please stop all the needless discussions and attitudes towards the 2016 timeframe. We just have to wait and see how it all plays out. But remember just because you want an RV sooner than later does not make it reality. Remember many also said in April that this RV would never make it till June timeframe. Many swore Mnt Goat was an idiot for her analysis. Now she is also saying we may not see it until 2016 but it is all dependent on the progress.
I firmly expect Abadi to clean up the CBI and Dr Shabib to come back to an “official” capacity to head up the CBI once again before these projects kick off fully. We will soon see if Mnt Goat is correct on this too.
Let’s get going with today’s news. These next couple weeks could be very interesting.
Link to PART 2