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[How long can they hold back the RV?]
Just as long as they desire, however it would seem amazing if it was to go beyond the summertime timeframe.
So will this current situation soon spillover into the 2016 and thus the democrats make it an election campaign issue in the USA? It is not very likely.
Will they then use the elections (once again) as their new legitimized excuse for a hold up?
Or maybe the RV is really being held up because of legitimate reasons like SECURITY and the much needed IMPLEMENTATION OF NEW RECONCILIATION LAWS. Maybe these are the areas of concern we should be watching instead of getting all hyped up over something that may never occur.
LAWS are needed to fully implement their constitution and Reconciliation Reforms, a full requirement by the USA prior to any RV. This has been said over and over again by USA president Obama if you closely listen to his speeches on Iraq and its movement forward. It is now part of their plan.
SECURITY so investors can flock into Iraq. Remember they are trying to establish a capitalistic democracy and not just a democracy. This capitalistic democracy machine, a combination of democracy and capitalism, takes on a new face as it gets turning and running. It needs the democracy entity for stability and security, and capitalism to provide the funds for development. But once it is moving the cash flows are amazing and all can benefit, if the government, banks and businesses also perform, behave work together accordingly.
In this process the average citizen will benefit greatly as well as the many entrepreneurs and businesses. We are not talking now so much about the small mom and pop shops in Iraq. We are talking about large housing complexes, car and truck assembly lines, new farming practices, new airports, new hospitals, clean water and fully restored electricity to all of Iraq.
This is all possible through revenue generated from taxes, tariffs and investors in their currency. Money has to flow. Cash flow is the key. This is the engine I am referring to.
So how does this cash flow?
The banks play their role since they are the intermediary that holds the capital and disperses it out in legal projects in the form of loans. Where do they get this capital from?
Many incentives are being given to the citizens to try to get them to use the banks. The banks need their deposits. Business and contractors too should use the banks as their accounts are also needed for progressive loans.
Then oil revenue program recipients and businesses pay taxes, exports and imports pay tariffs. The government is the collection agency. Like the banks they then can decide where to use the money for the benefit of all.
The new laws tell the government then where to spend the money based on the citizens needs. So you can see some of the many functions that must be implemented to get this giant engine of prosperity kick started. This is now the effort underway. This is some of the news I bring to you today. Think of this effort as an old WWII era battleship sitting in dry dock. It lays dormant. It has everything it needs to run on the high seas but until it is fueled up and those massive engines are running it is a helpless, lifeless hunk of metal. So too is Iraq
and its fuel for its engine are these revenue generating items in both the private and public sectors.
The revaluation of their currency is just the aftermath of the process and many want to put the cart before the horse. Can’t be done! So we will just have to wait and watch while all the pieces are in place. Soon the engines will be running and Iraq will begin to run on full throttle. Then they will RV their currency somewhere in this process but we can only try now to predict when. The optimistic side is this is very nearly all done.
So you see it is not just all about the RV. The RV alone will not bring the wealth and prosperity. There must also be this engine of capitalism and democracy in play. I hope this all makes sense.
Like I said a thousand times holding back the RV is leverage and one of the remaining tools that the west has for forcing Iraq to do what is right for themselves, in spite of themselves. Remember Iraq has been set back by 8+ years of the Maliki syndrome so the PTB (Powers To Be) are behind on their plan for the middle east. They need Iraq to move aggressively now. They can not afford another mess up.
The new prime minister has done some amazing things in the short timeframe he has been in office but the legislature is still very slow and debates and rehashes over and over again the same issues. They also tend to be absent from sessions and luv their long holidays in between.
Do these new laws really matter?
Yes- these new laws matter a great deal !
We have seen the parliamentary holiday for May being delayed because of the urgency in getting these much needed new laws passed and IMPLEMENTED. Why? Because Iraq desperately needs them for their SECURITY measures and INVESTMENT and BANKING thus priming the engine, which is about to be kick started.
[Update on the Project to Delete the Zeros]
In my last news letter these was an article by parliamentary committee member Nora Albjara. She claimed that the government has completed all the mechanisms relating to the draft deletion of zeros from the currency since the year 2013. Iraq was able to complete the project as required and on time She also noted that no application of the project to completion did not take place “for political and economic reasons."
The deputy and confirmed in her statement the most appropriate time possible in the past to implement the project to delete the zeros of the currency was in the year 2012
We know that Iraq has a serious liquidity problem. I tried to outline why this was a problem to you in past news letters. Soon there after Abadi announced Iraq had a solution and would tell us in the coming week. Then in that next week they announced they were going to revive the effort to print and use the new 50k and 100k notes.
They said this was in response to solving their liquidity problem at the banks.
Then we remembered back to 2012 when they first made the announcement about these new notes for and it was right around when they wanted to complete the project to delete the zeroes and RV their currency. Do you remember this timeframe. Dr Shabibi even announced that the distribution of the new coins would take place in September of that year. We then witnessed the political side (Maliki government) blocking the RV at that time and telling us they would complete it in early 2013. We then witnessed what happened to Dr. Shabib and the CBI later the year. That was an end to this effort at that time.
So now we see a revival of the effort to get out the 50k and100k notes. Why? This is something that should have been done back in 2012 along with the RV and maybe they never would have had any liquidity problem and many of the other economic problems they have encountered since.
So just recently out pops another article (found below) from the finance committee member Masood Haider telling us the CBI now decided to go ahead with the printing and distribution of these 50k and 100k notes. This was WOW news to me. How about you?
Also and most importantly he also told us they fully intent to complete the removal of the zeros project (meaning RV their currency) in the coming period. Yes in the coming period.
Massood Haider also just verified and backed up what Nora Albjara told us just days ago. Who am I to believe these two creditable sources from the Iraq finance committee in a published article OR some obscure and unknown news from intel “gurus” with “Iraq contacts” who tell us it will RV every day / every week and still nothing ever happens? Do you get my point now?
We don’t know when exactly this RV will occur but this is the exact same language we were getting back in 2012 and I am very, very excited. These are the kind of tones and messages from the CBI we hope and wait for. It is an excellent article and is telling us so so much. These are facts we can hold on to and not rumors from some obscure and unknown Iraq sources.
Parliamentary Finance: Central Bank will print large cash categories to create the removal of zeros
Tomorrow Press / Baghdad said the Parliamentary Finance Committee member Masood Haider, Tuesday, the central bank decided to print large cash categories to create the removal of zeros from the currency in the coming period, stressing that the decision-maker and thoughtful and to be implemented.
He explained Haider for "tomorrow Press," that "the Finance Committee discussed with the Governor of the Central Bank on the Keywords in its last meeting the subject of currency printed in the case of the availability of financial liquidity," noting that "the central bank decided to reprint some of the larger denominations to create the removal of zeros from currency during the coming period. "
He added that "to be printed fifty-categories and one hundred thousand Iraqi dinars," pointing out that "thoughtful and decision-maker for more than two years and only implementation remain."
So then over the weekend we get another article on the topic of the project to delete the zeros. We can tell it is now a very HOT topic and they are aware of its necessity to complete it.
[Update on the National Guard]
I have stated that I believe the National Guard law is passed and waiting to be announced and fully implemented. Implementation will take money and trust. It will also take a careful diligence since they do not want to re-arm yet more militias. This is the problem with establishing these units throughout the provinces.
What they need to do is to make them para-military much like they do in the USA with their State Guard units (now called National Guard). Send them to military boot camps, train them and indoctrinate them. Then send them home and allow them to work normal jobs while drilling periodically. Maintain and store their weapons and supply in a safe armory.
The problem is that most do not even yet have a stable job to go to when they are not connected with the new National Guard. So what do they do when not drilling? Many politicians believe the answer is to give it time. Let the economy grow and supply the jobs first before implementing the National Guard units. This is an ongoing debate, however they need to fill these units now.
[Other Needed Laws]
I am not going to speak much about the other needed laws today since Iraq has been very quite lately on the status of them. This is typical and just an example of what the USA has been saying. Iraq hurries to legislate then stalls in the implementation phase. This is why the USA is demanding FULL IMPLEMENTATION prior to any RV.
[Battle for MOSUL]
I am hearing they are still softening up ISIS with daily bombing raids on strategic locations. Coalition forces in the meantime are staging equipment and logistics for the coming battle ahead. I am still confident this will be a decisive and very significant battle in the fight against ISIS. We know this battle is not planned to occur until sometime in early June however I am already getting feedback that they have moved on ISIS in Anbar.
Peace and Luv To Ya All,
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