Mnt Goat Update, 28 April

by cg123 Fri Apr 28, 2017 12:02 pm

April 28, 2017 Mnt Goat News Brief

Hi Everyone,

I bring you much news today.

First I have been asked to clarify some more nonsense that is being broadcast about the RV. So I will try to do so briefly because we have much more important things to talk about today than all this nonsense.

Someone actually came on and had a conference call and said and I quote “prime minister Abadi was overheard talking to citizens around Mosul. We know he discussed the revaluation and when asked about what the rate of the dinar would be relative to the dollar and he gave a range that was very high, higher than we have heard”. Really? He then goes on to say it must be true since it was from the mouth of the prime minister. Really? This person should go see a good shrink if he actually believes that those listening will believe this stuff. When will this nonsense end?

Next George has presented to me some comments that a few of you made upon reading my last newsletter dated 4/24 (LINK) mostly on the section about crypto currencies. These comments are all very good and helpful. But let’s just remember some key elements of the cryptos.

Yes, cryptos now are making many very rich today. But who and how? So remember in order to make money on cryptos you  have to sell you shares (crypto coins) and sell lots of them. This to me is just like pulling out  of a stock and deciding to sell. What happens if too many do this? The value drops.

Could it happen to cryptos? Yes – and them what backs up the value of the crypto? So on any speculative investment someone must lose in the long term and someone makes money in the short term. Usually those who make it big do at the expense of the small investor.

So as you sell, for instance BITCOIN, the value should drop…right? But why are the cryptos NOW relatively stable? There are a couple reasons why this current level of stability: 1) they are relatively new forms of investment; 2) influx of new and naive  investors; 3) more investors are coming in than leaving -keep pumping and hyping up crypto currencies. So as long as the hype continues it will survive. As time goes on it will get old. After the first bubble burst many will learn and the hype will be over.

So someone made a comment that I should listen to crypto currency presentations by Andreas Antonopoulos. Okay and so I have. This comment made to me is exactly what I mean when I try to make my point. You do not research for yourselves but rather listen to the charlatans who are wolves and have gotten into the field of sheep and are convincing you to lay on the BBQ pit and you do it so freely. Yes, if you lay on the pit you are going to get burned. There is no way around it. Get it? Of course they are going to speak so highly of the items since they are heavily invested in it and need to keep pumping it, as they are slowly pulling out and reaping billions of your money. You stay in the investment because other are still entering since it is fairly new concept. Get it?

Sure they are now working on tie-ins to all the crypto currencies (Visa services, selling featured products and services now accepting cryptos, etc..) and this is all good for the crypto holders. This is just pumping technologies such as they did and are doing for the SMART phone. So let’s step back and put it all in perspective. This is marketing and if you can somehow make a buck $$$ by making something more convenient to use the BitCoin or other crypto they will find it. Get it? This still does not change the fact that both parties need to be members of the crypto network.

So do we all convert our money into crypto just so we can do business with a few who want to sell us something and pay in crypto. Okay so we can buy gold or precious metals investments (silver, platinum, etc) using crypto. Did it ever occur to you the only way you can do this is the seller and buyer of these products has already opened a crypto account? So my point is still the same and your comment is totally useless and insignificant. In fact it only drives home my point again. You do not research on your own.

Now that many different crypto types are coming out this only confuses and creates more chaos not simplicity in the money exchange market. Now you need to create tie -ins to, not only one crypt like BITCOIN (for example), but you have to tie -in to multiple types of technologies  since all the platforms are  not the same. Where does it all end? Again I make my point about these investments.

So I ask again - what’s the point? As great nations, we already have national currencies for this purpose. WE already worked through all the kincks of the hundreds of years of the national monetary policy. Let’s not reinvent the wheel and tell everyone they should use these cryptos on the marketplace. When the FACT is they are really investment instruments and not currencies.

Again more and more people are coming into invest with cryptos with pipe dreams that  they are going to make millions overnight. Notice too where they are targeting their audience to push these cryptos the most. They are using advertisements within the Iraqi dinar community such as RV forums, conference calls and online sites. Oh – go figure? I guess they already know their audience well and know you are so gullible and susceptible.

Another comment to me was that crypto currencies were not developed to replace fiat currencies. Really? Does not sound like that to me. In fact you folks just told me about the VISA and the selling of precious metals using the cryptos as a means of exchange. This is monetary policy to me. Am I missing something?

You are so correct as they will and cannot replace fiat currencies. So what is the point of the comment as I demonstrated this very clearly in my newsletter. I can see many of you are really confused on this subject matter and thus my point again as to why I decided to include it in my newsletter.

Rather cryptos are in fact investment instruments disguised as monetary a form of coin or note. So if they hide the real intent you are fooled into thinking this can be an alternative to the currency fiat currency and someday replace the monetary currency of your country. You see a false pretense just in the name along. Just like when they named “The Affordable Healthcare” bill or the “Patriots Act”. Affordable for whom and patriotic for what?  You see these are buzz words used to confuse you of the real intent. Get it?

So cryptos should not be called “coin” or “currency”. It is a lie and very deceiving to the investor.  In my opinion these cryptos should be highly regulated by the currency and exchange commission of the US and the world bank and this should be mandated immediately before billions lose everything they own on these highly speculative and risky investments.

So another comment made to the 4/24 newsletter was and I quote -
“I sure hope we can "exchange" in the near future. Time is running out.....As I see it we have until late Sept.” So let me clarify this comment too.

My Answer: I do not know how to address this comment since I have no idea who and why they told you there is a looming September deadline for the RV. All I can say is what I know. There is no deadline only targets. Yes – I firmly believe that the GOI and CBI have targeting the end of April. Now I am already beginning to see signs it may be pushed off till early May, since ISIS liberation is not yet completed.

As always my comments are in italic RED.

Articles Begin

A call for the adoption of a uniform pricing policy

Baghdad / Mustafa al –
Hashemi to achieve price stability in the Iraqi market - according to specialists - comes through coordination between several sectoral bodies by adopting a package of legislative and executive measures requires the adoption of pricing policy limiting the rise in commodity prices from their real value, because the price stability in any country of the world comes from following a series of unified economic measures in all commercial outlets such as ports, airports and border ports other. It is known as price policy measures through which to influence the price range, so it is the policy of the most important decisions taken by governments in order to achieve stability that year.

read more: http://dinaresgurus.blogspot.com/2017/04/mnt-goat-update-28-april.html

by **FloridaJohnny** Fri Apr 28, 2017 12:18 pm

All that to say... nuttin.

Mnt Goat Update, 28 April

Mnt Goat Update, 28 April

Re: Mnt Goat Update, 28 April