Latest topics
Mountain Goat 10/30/17
5 posters
Page 1 of 1
Mountain Goat 10/30/17
by Mountain Goatee Mon Oct 30, 2017 9:59 am
October 30, 2017 Mnt Goat News Brief
Hi Everyone,
I bring you much news today.
“So here I sit, broken hearted (end of October), came to exchange but only listened to the retarded (idiots)”.
When I was composing this newsletter, and researching the known sites for articles and news, I could not help but think that the news is all mainly once again emphasizing economic growth in Iraq and the difficulties it is having attracting investors. It is having a hard time taking its place on the international stage.
Banks simply do not want to do business within Iraq due to antiquated investment laws and red tape. Corporations do not want to come into Iraq due the INSTABILITY and RISKS involved with these bombing episodes. Also ISIS is not yet fully gone. Sectarianism is still also a major factor and it causes a dysfunctional society that is hard and risky to do business in.
Many ask me why does Iraq not just RV and it will solve all their problems. I have to tell you it will not. In fact it may even make worst problems if they were to RV now. Let me give you an analogy to help you understand.
Example:
You are a business in Germany. You manufacture beer steins. An Iraqi merchant puts in an order for 5,000 steins. You ship the steins and expect to get paid. The merchant sends you dinar.
What in hell are you, in Germany, going to do with dinar? You go to the bank of Deutschland and they tell you they do not handle the dinar.
You try many other banks, unsuccessfully. You even ask you employees if they will accept dinar for their wages. They of course say no!
What will anybody in Germany do with it? They can’t use it since they have no demands for it and can’t make any money off exchanging it (the spread). There is not even a tourist demand for it, since many from Germany don’t want to go the middle east due to SECURITY reasons for their own safety.
So this German business owner say he cannot take dinar. The Iraqi merchant then must go to the bank currency auction window in Iraq and exchange the dinar for US dollars or maybe even get Euros to pay for the steins. Do you see the problems here?
This is why during the sanctions within Iraq the IMF imposed the US dollar as the currency to pay the outside world. It is the most acceptable and most widely tradable currency.
So it is not a matter of wanting to RV and delaying the RV (for some reason that is hidden from us) instead it’s a matter of who the hell wants the dinar since they can’t do a damned thing with it when they get it? So, if the CBI did increase the RATE on the dinar without first increasing the VALUE, it would even be that much more impossible to use it globally. Get it?
Can you see the job laid out ahead before the CBI?
Can you see why they can’t significantly increase the value of the dinar until there is a positive demand for it, thus the “value” of it must increase. The rate will just change accordingly. Remember the dinar RATE and VALUE and two different entities.
Oh- but many will tell you the VALUE is the assets in the ground and they would be partially correct. Yes – these assets do matter but they are not the sole determining factor to the VALUE of a currency. Much of the VALUE comes from a level of speculation, perception and tradability. Remember what currency really is. It is a piece of paper that is a placeholder for the goods and services rendered. Instead of paying the like valued goods and services or gold, you pay in currency, which must be as VALUED as the goods and services rendered. So does the Iraqi dinar now fit this definition of currency? No- and that is why they must change the perception first.
I hope everyone reads this today and shares this with others who are confused about why the dinar has not yet revalued. I know why these attitudes persists and it is because of many (not all) of these so called intel “gurus” out there who set themselves up as egocentric gods of intel and fully take on the responsibility to keep you informed without much knowhow. They pretend and lie to you. Did I also mention many of them barely passed first grade…lol….lol….
More news….
Yes -there is still some waves from the Kurdistan referendum and the ongoing last stages of ISIS and Deash cleanup.
But its all here today in black and white for you to read. I presented some really amazing news and articles. Talk about being optimistic in this investment? WOW!
Those that sold their dinar for ZIM, Rial or whatever will be sorry. I want you to know “I told you so”. Stop listening to all these idiotic so called intel “gurus” who mislead you and pump you to buy these other highly speculative currencies with your dinar money. It is a game and a scam.
There is no GCR! Yes – these other currencies are very cheap. But why buy them? There is only ONE (1) one, one, one, (did I say one) currency we know for certainty that will increase substantially in value shortly. This is the Iraqi dinar. I base this on the FACTS and I believe they are building up yet more evidence today that they are heading for a window timeframe of EARLY January 2018.
Oh – many might say “we heard all this before” and I say you would be right. But remember in each of the last 4 attempts to revalue it was planned for early January timeframes. So why would we think they would change this pattern? If we listen and I mean really listen to the news coming out of Iraq it all moves in this direction. But to really listen and get the full jolt of what I am telling you today, you must take off your every day / any day intel bullshit and come down to reality. In other words stop listening to these idiots telling you they think we will see the RV today or next week.
No one, and I mean no one knows the exact date or even a certainty of a short timeframe for the RV. But what I can tell you with the UTMOST CERTAINTY is when they WILL NOT RV. This is not hard to know since they have told us many times already when they will not RV. They told us they need POLTICAL STABILITY AND SECURITY in Iraq. Later, as we read many articles they defined just what they meant by STABILITY AND SECURITY so now we don’t have to guess anymore. I can assure you there are still items to correct and fix (work to be done) prior an RV. So relax. It is coming shortly, but just not today or this week.
More news….
When the Central Bank of Iraq talks, I listen.
October 27, 2017 in Iraq Banking & Finance News
The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017.
The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber-attacks and vulnerabilities.
Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing.
(Source: Central Bank of Iraq)
This article is great but does everyone truly understand the impact of this news. To understand you must know what SWIFT is.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "SWIFT codes".
The majority of international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).
The key to SWIFT is and I quote – “The majority of international interbank messages use the SWIFT network”.
More news….
Article 25 of the new Iraqi Constitution stipulates that the State shall ensure the reform of the Iraqi economy according to modern economic bases, in a manner that ensures the full investment of its resources, diversifying its sources and encouraging and developing the private sector.
Article 26 also stipulates that the State shall encourage investments in the various sectors and shall be regulated by a law. These articles shall lay down the general principles of investment and the state's entitlements to develop formulas for the advancement of the economy through investment.
It is necessary to support and encourage investment and the private sector, since the investment must be a law that regulates and sets the foundations for its success.
In fact, in 2006 Abadi’s cabinet legislated the Investment Law No. 13 of 2006 and its amendments, but this law needs to stand at some of its full implementation to establish a successful investment process in the country.
More news….
Here is an interview with prime minister Abadi of Iraq. It was conducted a few days ago. The link follows.
https://www.youtube.com/watch?v=9uRlp-mAmLY
I HIGHLY recommend everyone to listen to it and get the direction Abadi wants to take Iraq. He is the good guy!
So, who are you going to listen to it is your choice. You can listen to the prime minister Abadi himself or you can continue down this road of nonsense and listen to these idiotic so called intel “gurus”. Abadi covers some very interesting topics, all of which we are concerned about the re-building their economy, POLITICAL STABILITY and SECURITY. He comes right out and tells us what are the issues still pending.
He talks about the impact of ISIS and Daesh and the Kurdish referendum.
He talks about the current problems and direction of Iraq. Folks thru this video you can get a very good idea on the personality of Abadi and how he thinks and wants to move the country of Iraq. This is so much different than Nori al-Maliki (the peanut head idiot).
Remember I said that when we are trying to figure out a timeframe for the RV, it is not the rate of the dinar that we should be so concerned about. Don’t get all hung up on this. But rather the VALUE of the currency based on the economics and status of the region. The new rate (whatever it will be) will be a direct result of this increase in VALUE. It will reflect a true value. Then the speculators will join in and drive it up for a while. Then it will settle back down. Yes – it will be a feast at first, but once they have their bellies full it will settle down.
So, you want to know when the rate will change? Listen to Abadi he is giving a status of the nation like speech.
Abadi talks about crises and events that could lead the country back to a dictatorship, if not handled correctly. He still has concerns about some of these political parties within Iraq. So, we can see there is still turmoil not the level of STABILITY needed. He talks about the Kurdistan referendum and how they are trying to drive POLICIAL INSTABILIY and yet another crisis. Abadi is tired of these constant crises and he says so. He wants desperately to get Iraq out of this mode. He is not going to play into the hands of these infiltrators and instigators.
I say this because this is not my OPINION but rather Abadi talking and telling us this first hand. Get it. No rumors, No hype, just the FACTS. He says it himself. He does say there are still some very dangerous political parties but the trend is towards UNITY. There is a positive change.
Abadi refers to a shadow entity working behind the scenes to give democracy a bad name and to introduce mistrust between politicians and the people. He is very alarmed by this. He says this needs a solution. He is working on it.
So just remember there is still work to be done and so let’s not count our chicks until the eggs are hatched.
Do you know what this statement means? It is one thing to be optimistic but optimism is not exactly always reality and acting crazy, stupid and highly speculative. We all must learn to relax and really, really think about what is happening in Iraq.
More news….
U.S. crude oil imports from Iraq have exceeded those from Saudi Arabia in 3 of the past 4 weeks. That would have seemed unthinkable as recently as last year. At that time, flows from Saudi Arabia were exceeding those from Iraq by somewhere between half and one million barrels a day.
More news….
Wow! This is WOW! news. Please read the full article below. Here is a summary. What do they mean that Iraq will become the “eighth tiger”?
In the article they are using an analogy, but the term “TIGER” economy is actually a known term used by economists.
A “tiger economy” is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living.
Collectively this term refers to the economies of Indonesia, Malaysia, the Philippines, and Thailand, the four dominant countries in Southeast Asia. Tiger Cub Economies are so named because they follow the same export-driven model of economic development pursued by Hong Kong, Singapore, South Korea and Taiwan, which are collectively referred to as the Four Asian.
So, what the article is telling us is that Iraq will outpace #8 place from 2017 rankings and move into this ranking in 2018. I am not sure where the other tigers will end up ranked but we do know Iraq will take its place in the rankings as a TIGER. Urrrrrrrrrrrrrrrrr…..
Folks do you know just how amazing this news is? This is one of those WOW! articles. No middle eastern country has EVER ranked in this category of TIGER economies, NEVER, EVER! Can they do this without a currency being internationally traded? I don’t think so….lol … lol …
Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of
economic agreements.
This move WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced
***********************************************************
Articles are below. Due to FACEBOOK limitations my comments are in brackets ( ) throughout the articles. I also separated the articles with asterisks.
Articles Begin
IRAQI KURDISTAN LEADER BARZANI WILL HAND OVER PRESIDENTIAL POWERS ON NOVEMBER 1
SULAIMANIYA, Iraq (Reuters) - Iraqi Kurdistan’s veteran leader Masoud Barzani will not extend his presidential term beyond Nov. 1, a Kurdish government official said on Saturday.
His decision came just weeks after a referendum on Kurdish independence backfired and triggered a crisis for Iraq’s Kurds who had been enjoying a period of unprecedented autonomy.
A plan to divide up the president’s powers was outlined in a letter Barzani sent to the Kurdish parliament on Saturday, the official told Reuters. The plan asks parliament to distribute the president’s powers among the government, parliament and judiciary.
Barzani’s current term was set to expire in four days, the same date that presidential and parliamentary elections were due to be held. However, those elections were delayed indefinitely last week, amidst an escalating regional crisis.
Critics say the Sept. 25 independence referendum, orchestrated and championed by the 71-year-old Barzani, has left a bleak outlook for Iraq’s Kurds.
Less than four weeks after Kurds in the region voted overwhelmingly to break away from Iraq, the central government launched a military offensive to wrest back the oil-rich city of Kirkuk, which the Kurds regard as both their spiritual homeland, and a key source of revenue for their would-be independent state. It was one of several retaliatory measures taken by Baghdad, which vehemently opposed the referendum.
In a matter of days the Iraqi government has transformed the balance of power in the north of the country, exerting tremendous pressure on Barzani to step aside and wrecking decades-old dreams of Kurdish independence. Iraqi forces have continued to advance on all Kurdish-held territory outside the autonomous region’s borders.
Iraq’s prime minister demanded on Thursday that Kurds declare their independence referendum void, rejecting the Kurdish autonomous region’s offer to suspend its independence push to resolve a crisis through talks.
Earlier this year, Barzani said he did not intend to stand in the November elections. However, prior to the referendum, few expected he would stick to his promise.
Barzani has held the office of the presidency since 2005. The region last held a presidential election in 2009, in which Barzani won. His term of office expired in 2013 and was extended twice. The president is expected to address his people before his term formally expires, marking the end of a storied career.
Barzani was born in 1946, soon after his legendary father, Mulla Mustafa, founded a party to fight for the rights of Iraq’s Kurds. After decades spent fighting with the Peshmerga, Barzani became a central figure in the drive to create an autonomous Kurdish state in northern Iraq, after Saddam Hussein was toppled in the U.S.-led invasion of Iraq in 2003.
Barzani’s letter will be discussed by parliament on Sunday, though the government official said it was unclear whether ministers would need to vote the plan into action during the session.
*************************************************************
IRAQ - BEST ARMY IN THE WORLD IN 2017
Baghdad Mawazine News
Lieutenant General Abdul Wahab al-Saadi won the award of the best military commander in the world in 2017, while the Iraqi army won the title of the best army in the world this year.
Retired General Taosend Rushford, general supervisor of the 2017 Festival of the Best, to be held by Jane's, a British military, defense, armament, warfare and manufacturing magazine for the English-language channel, said the British military magazine Jeans will hold its World Festival on Dec. 21 in the capital. British and London and allocated 20 awards in different military specialties of the most prominent military invention and the most prominent manufacture and most prominent innovation and the best manufacturer and the best buyer country and the best army in the world and the best military commander in the world and other awards.
"So far, only three awards have been made, the title of the best arms purchaser who went to Saudi Arabia undisputedly, and the IRAQI ARMY WON THE TITLE OF THE BEST ARMY IN THE WORLD FOR 2017 UNDISPUTEDLY for the great achievements he made, the vast distances he liberated and the quality of the battles he won, Military in the world for 2017 went to the Iraqi Marshall Marshall Abdul Wahab al-Saadi, who liberated Falluja and Mosul and dropped a state called ".
*************************************************************
IRAQS ECONOMIC RECOVERY
The signs of economic dislocation in Iraq are looming after an important page of disability has ended with a "da'ash" strike.
Yesterday, Iraq signed several economic agreements with France during the recent visit of Abadi, an economically advanced country.
Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of
economic agreements.
This move WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced.
Based on Iraq's assets and wealth qualify for it, but was disabled because of his preoccupation with the war, "dashing" and address the effects of the financial crisis because of the decline of its financial resources due to low oil prices and fluctuation.
Perhaps the return of Iraq strongly to the Arab and regional environment and the use of all with one space will enable him to economic recovery again.
It is true that Iraq has been subjected to great destruction in the areas occupied by "Dahesh" but will overcome this stage by international support and the regional environment in this regard.
THE MERE START OF THE RECONSTRUCTION OF THE LIBERATED AREAS WILL CREATE OPPORTUNITIES FOR THE RECOVERY OF THE LABOR MARKET AND THE REPERCUSSIONS OF THIS WILL CORRECT THE DISTORTIONS EXPERIENCED BY THE ECONOMY represented by high rates of unemployment and poverty and will contribute significantly to the decline of these percentages.
In addition to this, the reform steps taken by the government in all parts of the state to reformulate the institutional system to carry out its activities aimed at implementing sustainable development programs, and these steps will have their effect and positive results in achieving the desired goals.
We hope that development progress will be achieved at this stage as long as the Government's steps are consistent with the requirements of development and are accompanied by the understanding and interaction of most ministries with the right measures that lead to achieving the desired economic reform. The first step in this direction is the
next economic breakthrough.
THE RESULTS ARE EXPECTED TO GO TOWARDS ECONOMIC SUCCESS, AS THE REGIONAL INTERNATIONAL CONVERGENCE FROM IRAQ HOLDS THE KEY DEVELOPMENT CATALYSTS.
(Can it get any better?)
*************************************************************
THE UNTHINKABLE - U.S. CRUDE OIL IMPORTS FROM IRAQ HAVE EXCEEDED THOSE FROM SAUDI ARABIA IN 3 OF THE PAST 4 WEEKS
(folks – they are shifting the oil sales to Iraq. They need to compensate Iraq to help stabilize their economy. This is not coincidental!
Circa 2014 - Remember first they chopped oil prices and brought in ISIS. Then the economy almost collapsed. This was a price they had to pay for Maliki policies. You don’t want cooperate with us? Then we will replace you and show you just who is in control.
So either you now play ball or continue to suffer. Which is it? Maliki resigns reluctantly in 2014. They put Abadi in his place. They final get cooperation over the SBA (almost the exact same goals as for the 2010 SBA but this time its different. Abadi is cooperating and the reforms get in place, as needed.) Yes – the World Bank, IMF, WTO do have enormous power over which way a country’s economy can go.
So, these events are all intentional and well orchestrated and certainly NOT coincidental. They will drive the price of oil up by January. Just wait and see that I am correct, as I almost always are ..lol…lol…)
U.S. refiners are buying the stuff, rather than "taking" it -- whatever that might mean -- but the volume of Iraqi oil entering the U.S. has been on the rise since the middle of 2015 and has continued to increase this year, despite OPEC's output cuts.
Imports of Iraqi crude have averaged 600,000 barrels a day so far this year, according to data from the the Energy Information Administration at the Department of Energy. That's up by 50 percent from 2016 and is almost three times as much as U.S. refiners bought from Iraq in 2015. The flow through American ports has exceeded 1 million barrels a day three times since the start of June in weekly EIA data.
Iraq ascending no impact from OPEC cuts on U.S. oil imports from Iraq - on the rise since mid-2015.
MEANWHILE, PURCHASES OF CRUDE FROM SAUDI ARABIA, HAVE BEEN GOING IN THE OPPOSITE DIRECTION. The Saudis have made good on the promise oil minister Khalid Al Falih made after the May OPEC meeting to "markedly" reduce deliveries to the world’s biggest consumer. "Exports to the U.S. will drop measurably," he told reporters after chairing a meeting between the group and other major producers in Vienna on May 25.
And they have. After averaging close to 1.2 million barrels a day in the first six months of 2017, they have fallen to around half that level since the start of September. True, a couple of big storms in the Gulf of Mexico have hit individual weekly numbers, but they bounced back after the storms passed and delayed cargoes were able to discharge.
U.S. crude oil imports from Iraq have exceeded those from Saudi Arabia in 3 of the past 4 weeks. That would have seemed unthinkable as recently as last year. At that time, flows from Saudi Arabia were exceeding those from Iraq by somewhere between half and one million barrels a day.
BEIJING - BAGHDAD IS TO SIGN A RECONSTRUCTION AGREEMENT AND ANNOUNCE 2018 THE YEAR OF STABILITY
(Opps, these is that term again – the needed STABILITY! When? They are saying 2018, but not now. First they need to complete the liberation of the last of the ISIS held regions. Then they need to reconstruct the regions. Yes more evidence for us to be looking for an EARLY 2018 timeframe for the RV, but not now. You can see there is still more work to be done.)
Economy News _ Baghdad
China on Sunday offered to sign an agreement on Iraq to contribute to the reconstruction and delivery of aid, while the Iraqi government confirmed that the year 2018 will be a "year of stability" in the liberated areas.
"Secretary-General of the Council of Ministers Mehdi Al-Aalak received Chinese Ambassador to Iraq Chen Wei Qin to see the level of cooperation in the areas of humanitarian relief and stability in the liberated areas," said a statement by the Secretariat General of the Council of Ministers.
"The role of the Iraqi government in eradicating terrorism and the Chinese government's interest in the rehabilitation of schools and universities by providing assistance to improve the educational reality in areas that have suffered the control of terrorist gangs," the Chinese ambassador said.
"The need to coordinate the delivery of aid, contribute to reconstruction, and the possibility of signing an agreement between the parties in this regard," Chen stressed.
For his part, Al-Aalak welcomed the Chinese government's initiative, wishing it "a bigger and more secure role in participating in the Kuwait conference which will be held next year in cooperation with the State of Kuwait and the World Bank and with the broad participation of the countries of the world."
He added that "the Kuwait conference will discuss investment opportunities for the participation of major reconstruction companies after assessing the cost of war damage and the cost of rehabilitation of infrastructure, factories and companies."
He stressed that the year 2018 will be a year to support the stability in the liberated areas, "noting that" the current trend will be towards the completion of quick projects with the low cost of returning the displaced as soon as possible.
**********************************************************************
Articles End
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
Hi Everyone,
I bring you much news today.
“So here I sit, broken hearted (end of October), came to exchange but only listened to the retarded (idiots)”.
When I was composing this newsletter, and researching the known sites for articles and news, I could not help but think that the news is all mainly once again emphasizing economic growth in Iraq and the difficulties it is having attracting investors. It is having a hard time taking its place on the international stage.
Banks simply do not want to do business within Iraq due to antiquated investment laws and red tape. Corporations do not want to come into Iraq due the INSTABILITY and RISKS involved with these bombing episodes. Also ISIS is not yet fully gone. Sectarianism is still also a major factor and it causes a dysfunctional society that is hard and risky to do business in.
Many ask me why does Iraq not just RV and it will solve all their problems. I have to tell you it will not. In fact it may even make worst problems if they were to RV now. Let me give you an analogy to help you understand.
Example:
You are a business in Germany. You manufacture beer steins. An Iraqi merchant puts in an order for 5,000 steins. You ship the steins and expect to get paid. The merchant sends you dinar.
What in hell are you, in Germany, going to do with dinar? You go to the bank of Deutschland and they tell you they do not handle the dinar.
You try many other banks, unsuccessfully. You even ask you employees if they will accept dinar for their wages. They of course say no!
What will anybody in Germany do with it? They can’t use it since they have no demands for it and can’t make any money off exchanging it (the spread). There is not even a tourist demand for it, since many from Germany don’t want to go the middle east due to SECURITY reasons for their own safety.
So this German business owner say he cannot take dinar. The Iraqi merchant then must go to the bank currency auction window in Iraq and exchange the dinar for US dollars or maybe even get Euros to pay for the steins. Do you see the problems here?
This is why during the sanctions within Iraq the IMF imposed the US dollar as the currency to pay the outside world. It is the most acceptable and most widely tradable currency.
So it is not a matter of wanting to RV and delaying the RV (for some reason that is hidden from us) instead it’s a matter of who the hell wants the dinar since they can’t do a damned thing with it when they get it? So, if the CBI did increase the RATE on the dinar without first increasing the VALUE, it would even be that much more impossible to use it globally. Get it?
Can you see the job laid out ahead before the CBI?
Can you see why they can’t significantly increase the value of the dinar until there is a positive demand for it, thus the “value” of it must increase. The rate will just change accordingly. Remember the dinar RATE and VALUE and two different entities.
Oh- but many will tell you the VALUE is the assets in the ground and they would be partially correct. Yes – these assets do matter but they are not the sole determining factor to the VALUE of a currency. Much of the VALUE comes from a level of speculation, perception and tradability. Remember what currency really is. It is a piece of paper that is a placeholder for the goods and services rendered. Instead of paying the like valued goods and services or gold, you pay in currency, which must be as VALUED as the goods and services rendered. So does the Iraqi dinar now fit this definition of currency? No- and that is why they must change the perception first.
I hope everyone reads this today and shares this with others who are confused about why the dinar has not yet revalued. I know why these attitudes persists and it is because of many (not all) of these so called intel “gurus” out there who set themselves up as egocentric gods of intel and fully take on the responsibility to keep you informed without much knowhow. They pretend and lie to you. Did I also mention many of them barely passed first grade…lol….lol….
More news….
Yes -there is still some waves from the Kurdistan referendum and the ongoing last stages of ISIS and Deash cleanup.
But its all here today in black and white for you to read. I presented some really amazing news and articles. Talk about being optimistic in this investment? WOW!
Those that sold their dinar for ZIM, Rial or whatever will be sorry. I want you to know “I told you so”. Stop listening to all these idiotic so called intel “gurus” who mislead you and pump you to buy these other highly speculative currencies with your dinar money. It is a game and a scam.
There is no GCR! Yes – these other currencies are very cheap. But why buy them? There is only ONE (1) one, one, one, (did I say one) currency we know for certainty that will increase substantially in value shortly. This is the Iraqi dinar. I base this on the FACTS and I believe they are building up yet more evidence today that they are heading for a window timeframe of EARLY January 2018.
Oh – many might say “we heard all this before” and I say you would be right. But remember in each of the last 4 attempts to revalue it was planned for early January timeframes. So why would we think they would change this pattern? If we listen and I mean really listen to the news coming out of Iraq it all moves in this direction. But to really listen and get the full jolt of what I am telling you today, you must take off your every day / any day intel bullshit and come down to reality. In other words stop listening to these idiots telling you they think we will see the RV today or next week.
No one, and I mean no one knows the exact date or even a certainty of a short timeframe for the RV. But what I can tell you with the UTMOST CERTAINTY is when they WILL NOT RV. This is not hard to know since they have told us many times already when they will not RV. They told us they need POLTICAL STABILITY AND SECURITY in Iraq. Later, as we read many articles they defined just what they meant by STABILITY AND SECURITY so now we don’t have to guess anymore. I can assure you there are still items to correct and fix (work to be done) prior an RV. So relax. It is coming shortly, but just not today or this week.
More news….
When the Central Bank of Iraq talks, I listen.
October 27, 2017 in Iraq Banking & Finance News
The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017.
The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber-attacks and vulnerabilities.
Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing.
(Source: Central Bank of Iraq)
This article is great but does everyone truly understand the impact of this news. To understand you must know what SWIFT is.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "SWIFT codes".
The majority of international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).
The key to SWIFT is and I quote – “The majority of international interbank messages use the SWIFT network”.
More news….
Article 25 of the new Iraqi Constitution stipulates that the State shall ensure the reform of the Iraqi economy according to modern economic bases, in a manner that ensures the full investment of its resources, diversifying its sources and encouraging and developing the private sector.
Article 26 also stipulates that the State shall encourage investments in the various sectors and shall be regulated by a law. These articles shall lay down the general principles of investment and the state's entitlements to develop formulas for the advancement of the economy through investment.
It is necessary to support and encourage investment and the private sector, since the investment must be a law that regulates and sets the foundations for its success.
In fact, in 2006 Abadi’s cabinet legislated the Investment Law No. 13 of 2006 and its amendments, but this law needs to stand at some of its full implementation to establish a successful investment process in the country.
More news….
Here is an interview with prime minister Abadi of Iraq. It was conducted a few days ago. The link follows.
https://www.youtube.com/watch?v=9uRlp-mAmLY
I HIGHLY recommend everyone to listen to it and get the direction Abadi wants to take Iraq. He is the good guy!
So, who are you going to listen to it is your choice. You can listen to the prime minister Abadi himself or you can continue down this road of nonsense and listen to these idiotic so called intel “gurus”. Abadi covers some very interesting topics, all of which we are concerned about the re-building their economy, POLITICAL STABILITY and SECURITY. He comes right out and tells us what are the issues still pending.
He talks about the impact of ISIS and Daesh and the Kurdish referendum.
He talks about the current problems and direction of Iraq. Folks thru this video you can get a very good idea on the personality of Abadi and how he thinks and wants to move the country of Iraq. This is so much different than Nori al-Maliki (the peanut head idiot).
Remember I said that when we are trying to figure out a timeframe for the RV, it is not the rate of the dinar that we should be so concerned about. Don’t get all hung up on this. But rather the VALUE of the currency based on the economics and status of the region. The new rate (whatever it will be) will be a direct result of this increase in VALUE. It will reflect a true value. Then the speculators will join in and drive it up for a while. Then it will settle back down. Yes – it will be a feast at first, but once they have their bellies full it will settle down.
So, you want to know when the rate will change? Listen to Abadi he is giving a status of the nation like speech.
Abadi talks about crises and events that could lead the country back to a dictatorship, if not handled correctly. He still has concerns about some of these political parties within Iraq. So, we can see there is still turmoil not the level of STABILITY needed. He talks about the Kurdistan referendum and how they are trying to drive POLICIAL INSTABILIY and yet another crisis. Abadi is tired of these constant crises and he says so. He wants desperately to get Iraq out of this mode. He is not going to play into the hands of these infiltrators and instigators.
I say this because this is not my OPINION but rather Abadi talking and telling us this first hand. Get it. No rumors, No hype, just the FACTS. He says it himself. He does say there are still some very dangerous political parties but the trend is towards UNITY. There is a positive change.
Abadi refers to a shadow entity working behind the scenes to give democracy a bad name and to introduce mistrust between politicians and the people. He is very alarmed by this. He says this needs a solution. He is working on it.
So just remember there is still work to be done and so let’s not count our chicks until the eggs are hatched.
Do you know what this statement means? It is one thing to be optimistic but optimism is not exactly always reality and acting crazy, stupid and highly speculative. We all must learn to relax and really, really think about what is happening in Iraq.
More news….
U.S. crude oil imports from Iraq have exceeded those from Saudi Arabia in 3 of the past 4 weeks. That would have seemed unthinkable as recently as last year. At that time, flows from Saudi Arabia were exceeding those from Iraq by somewhere between half and one million barrels a day.
More news….
Wow! This is WOW! news. Please read the full article below. Here is a summary. What do they mean that Iraq will become the “eighth tiger”?
In the article they are using an analogy, but the term “TIGER” economy is actually a known term used by economists.
A “tiger economy” is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living.
Collectively this term refers to the economies of Indonesia, Malaysia, the Philippines, and Thailand, the four dominant countries in Southeast Asia. Tiger Cub Economies are so named because they follow the same export-driven model of economic development pursued by Hong Kong, Singapore, South Korea and Taiwan, which are collectively referred to as the Four Asian.
So, what the article is telling us is that Iraq will outpace #8 place from 2017 rankings and move into this ranking in 2018. I am not sure where the other tigers will end up ranked but we do know Iraq will take its place in the rankings as a TIGER. Urrrrrrrrrrrrrrrrr…..
Folks do you know just how amazing this news is? This is one of those WOW! articles. No middle eastern country has EVER ranked in this category of TIGER economies, NEVER, EVER! Can they do this without a currency being internationally traded? I don’t think so….lol … lol …
Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of
economic agreements.
This move WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced
***********************************************************
Articles are below. Due to FACEBOOK limitations my comments are in brackets ( ) throughout the articles. I also separated the articles with asterisks.
Articles Begin
IRAQI KURDISTAN LEADER BARZANI WILL HAND OVER PRESIDENTIAL POWERS ON NOVEMBER 1
SULAIMANIYA, Iraq (Reuters) - Iraqi Kurdistan’s veteran leader Masoud Barzani will not extend his presidential term beyond Nov. 1, a Kurdish government official said on Saturday.
His decision came just weeks after a referendum on Kurdish independence backfired and triggered a crisis for Iraq’s Kurds who had been enjoying a period of unprecedented autonomy.
A plan to divide up the president’s powers was outlined in a letter Barzani sent to the Kurdish parliament on Saturday, the official told Reuters. The plan asks parliament to distribute the president’s powers among the government, parliament and judiciary.
Barzani’s current term was set to expire in four days, the same date that presidential and parliamentary elections were due to be held. However, those elections were delayed indefinitely last week, amidst an escalating regional crisis.
Critics say the Sept. 25 independence referendum, orchestrated and championed by the 71-year-old Barzani, has left a bleak outlook for Iraq’s Kurds.
Less than four weeks after Kurds in the region voted overwhelmingly to break away from Iraq, the central government launched a military offensive to wrest back the oil-rich city of Kirkuk, which the Kurds regard as both their spiritual homeland, and a key source of revenue for their would-be independent state. It was one of several retaliatory measures taken by Baghdad, which vehemently opposed the referendum.
In a matter of days the Iraqi government has transformed the balance of power in the north of the country, exerting tremendous pressure on Barzani to step aside and wrecking decades-old dreams of Kurdish independence. Iraqi forces have continued to advance on all Kurdish-held territory outside the autonomous region’s borders.
Iraq’s prime minister demanded on Thursday that Kurds declare their independence referendum void, rejecting the Kurdish autonomous region’s offer to suspend its independence push to resolve a crisis through talks.
Earlier this year, Barzani said he did not intend to stand in the November elections. However, prior to the referendum, few expected he would stick to his promise.
Barzani has held the office of the presidency since 2005. The region last held a presidential election in 2009, in which Barzani won. His term of office expired in 2013 and was extended twice. The president is expected to address his people before his term formally expires, marking the end of a storied career.
Barzani was born in 1946, soon after his legendary father, Mulla Mustafa, founded a party to fight for the rights of Iraq’s Kurds. After decades spent fighting with the Peshmerga, Barzani became a central figure in the drive to create an autonomous Kurdish state in northern Iraq, after Saddam Hussein was toppled in the U.S.-led invasion of Iraq in 2003.
Barzani’s letter will be discussed by parliament on Sunday, though the government official said it was unclear whether ministers would need to vote the plan into action during the session.
*************************************************************
IRAQ - BEST ARMY IN THE WORLD IN 2017
Baghdad Mawazine News
Lieutenant General Abdul Wahab al-Saadi won the award of the best military commander in the world in 2017, while the Iraqi army won the title of the best army in the world this year.
Retired General Taosend Rushford, general supervisor of the 2017 Festival of the Best, to be held by Jane's, a British military, defense, armament, warfare and manufacturing magazine for the English-language channel, said the British military magazine Jeans will hold its World Festival on Dec. 21 in the capital. British and London and allocated 20 awards in different military specialties of the most prominent military invention and the most prominent manufacture and most prominent innovation and the best manufacturer and the best buyer country and the best army in the world and the best military commander in the world and other awards.
"So far, only three awards have been made, the title of the best arms purchaser who went to Saudi Arabia undisputedly, and the IRAQI ARMY WON THE TITLE OF THE BEST ARMY IN THE WORLD FOR 2017 UNDISPUTEDLY for the great achievements he made, the vast distances he liberated and the quality of the battles he won, Military in the world for 2017 went to the Iraqi Marshall Marshall Abdul Wahab al-Saadi, who liberated Falluja and Mosul and dropped a state called ".
*************************************************************
IRAQS ECONOMIC RECOVERY
The signs of economic dislocation in Iraq are looming after an important page of disability has ended with a "da'ash" strike.
Yesterday, Iraq signed several economic agreements with France during the recent visit of Abadi, an economically advanced country.
Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of
economic agreements.
This move WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced.
Based on Iraq's assets and wealth qualify for it, but was disabled because of his preoccupation with the war, "dashing" and address the effects of the financial crisis because of the decline of its financial resources due to low oil prices and fluctuation.
Perhaps the return of Iraq strongly to the Arab and regional environment and the use of all with one space will enable him to economic recovery again.
It is true that Iraq has been subjected to great destruction in the areas occupied by "Dahesh" but will overcome this stage by international support and the regional environment in this regard.
THE MERE START OF THE RECONSTRUCTION OF THE LIBERATED AREAS WILL CREATE OPPORTUNITIES FOR THE RECOVERY OF THE LABOR MARKET AND THE REPERCUSSIONS OF THIS WILL CORRECT THE DISTORTIONS EXPERIENCED BY THE ECONOMY represented by high rates of unemployment and poverty and will contribute significantly to the decline of these percentages.
In addition to this, the reform steps taken by the government in all parts of the state to reformulate the institutional system to carry out its activities aimed at implementing sustainable development programs, and these steps will have their effect and positive results in achieving the desired goals.
We hope that development progress will be achieved at this stage as long as the Government's steps are consistent with the requirements of development and are accompanied by the understanding and interaction of most ministries with the right measures that lead to achieving the desired economic reform. The first step in this direction is the
next economic breakthrough.
THE RESULTS ARE EXPECTED TO GO TOWARDS ECONOMIC SUCCESS, AS THE REGIONAL INTERNATIONAL CONVERGENCE FROM IRAQ HOLDS THE KEY DEVELOPMENT CATALYSTS.
(Can it get any better?)
*************************************************************
THE UNTHINKABLE - U.S. CRUDE OIL IMPORTS FROM IRAQ HAVE EXCEEDED THOSE FROM SAUDI ARABIA IN 3 OF THE PAST 4 WEEKS
(folks – they are shifting the oil sales to Iraq. They need to compensate Iraq to help stabilize their economy. This is not coincidental!
Circa 2014 - Remember first they chopped oil prices and brought in ISIS. Then the economy almost collapsed. This was a price they had to pay for Maliki policies. You don’t want cooperate with us? Then we will replace you and show you just who is in control.
So either you now play ball or continue to suffer. Which is it? Maliki resigns reluctantly in 2014. They put Abadi in his place. They final get cooperation over the SBA (almost the exact same goals as for the 2010 SBA but this time its different. Abadi is cooperating and the reforms get in place, as needed.) Yes – the World Bank, IMF, WTO do have enormous power over which way a country’s economy can go.
So, these events are all intentional and well orchestrated and certainly NOT coincidental. They will drive the price of oil up by January. Just wait and see that I am correct, as I almost always are ..lol…lol…)
U.S. refiners are buying the stuff, rather than "taking" it -- whatever that might mean -- but the volume of Iraqi oil entering the U.S. has been on the rise since the middle of 2015 and has continued to increase this year, despite OPEC's output cuts.
Imports of Iraqi crude have averaged 600,000 barrels a day so far this year, according to data from the the Energy Information Administration at the Department of Energy. That's up by 50 percent from 2016 and is almost three times as much as U.S. refiners bought from Iraq in 2015. The flow through American ports has exceeded 1 million barrels a day three times since the start of June in weekly EIA data.
Iraq ascending no impact from OPEC cuts on U.S. oil imports from Iraq - on the rise since mid-2015.
MEANWHILE, PURCHASES OF CRUDE FROM SAUDI ARABIA, HAVE BEEN GOING IN THE OPPOSITE DIRECTION. The Saudis have made good on the promise oil minister Khalid Al Falih made after the May OPEC meeting to "markedly" reduce deliveries to the world’s biggest consumer. "Exports to the U.S. will drop measurably," he told reporters after chairing a meeting between the group and other major producers in Vienna on May 25.
And they have. After averaging close to 1.2 million barrels a day in the first six months of 2017, they have fallen to around half that level since the start of September. True, a couple of big storms in the Gulf of Mexico have hit individual weekly numbers, but they bounced back after the storms passed and delayed cargoes were able to discharge.
U.S. crude oil imports from Iraq have exceeded those from Saudi Arabia in 3 of the past 4 weeks. That would have seemed unthinkable as recently as last year. At that time, flows from Saudi Arabia were exceeding those from Iraq by somewhere between half and one million barrels a day.
BEIJING - BAGHDAD IS TO SIGN A RECONSTRUCTION AGREEMENT AND ANNOUNCE 2018 THE YEAR OF STABILITY
(Opps, these is that term again – the needed STABILITY! When? They are saying 2018, but not now. First they need to complete the liberation of the last of the ISIS held regions. Then they need to reconstruct the regions. Yes more evidence for us to be looking for an EARLY 2018 timeframe for the RV, but not now. You can see there is still more work to be done.)
Economy News _ Baghdad
China on Sunday offered to sign an agreement on Iraq to contribute to the reconstruction and delivery of aid, while the Iraqi government confirmed that the year 2018 will be a "year of stability" in the liberated areas.
"Secretary-General of the Council of Ministers Mehdi Al-Aalak received Chinese Ambassador to Iraq Chen Wei Qin to see the level of cooperation in the areas of humanitarian relief and stability in the liberated areas," said a statement by the Secretariat General of the Council of Ministers.
"The role of the Iraqi government in eradicating terrorism and the Chinese government's interest in the rehabilitation of schools and universities by providing assistance to improve the educational reality in areas that have suffered the control of terrorist gangs," the Chinese ambassador said.
"The need to coordinate the delivery of aid, contribute to reconstruction, and the possibility of signing an agreement between the parties in this regard," Chen stressed.
For his part, Al-Aalak welcomed the Chinese government's initiative, wishing it "a bigger and more secure role in participating in the Kuwait conference which will be held next year in cooperation with the State of Kuwait and the World Bank and with the broad participation of the countries of the world."
He added that "the Kuwait conference will discuss investment opportunities for the participation of major reconstruction companies after assessing the cost of war damage and the cost of rehabilitation of infrastructure, factories and companies."
He stressed that the year 2018 will be a year to support the stability in the liberated areas, "noting that" the current trend will be towards the completion of quick projects with the low cost of returning the displaced as soon as possible.
**********************************************************************
Articles End
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
Mountain Goatee- VIP Member
- Posts : 569
Join date : 2016-01-12
Re: Mountain Goat 10/30/17
by power123 Wed Nov 01, 2017 9:09 pm
Forgive me my nonsense, as I also forgive the nonsense of those that think they talk sense
power123- VIP Member
- Posts : 424
Join date : 2016-01-18
Re: Mountain Goat 10/30/17
by Terbo56 Thu Nov 02, 2017 9:19 am
'Common' sense evades a lot of people, and it won't change anytime soon, I'm afraid- 
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Mountain Goat 10/30/17
by Chaz Thu Nov 02, 2017 3:22 pm
With the Iraqi army still killing the kurds , as Iraq has always done, I don't think your RV is any closer. & Turkey claiming part of Iraq as there's,the stability of Iraq is in question.
Chaz- VIP Member
- Posts : 2195
Join date : 2015-12-27
FloridaJohnny- VIP Member
- Posts : 232
Join date : 2017-02-22
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
» Russia aren't taking any prisoners
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
» ZIGPLACE
» CBD Vape Cartridges
» Classic Tony is back
» THE MUSINGS OF A MADMAN
» Minister of Transport: We do not have authority over any airport in Iraq
» Did Okie Die?
» Hello all, I’m new
» The Renfrows: Prophets for Profits, Happy Anniversary!
» What Happens when Cancer is treated with Cannabis? VIDEO
» An Awesome talk between Tucker and Russell Brand
» Trafficking in children
» The second American Revolution has begun, God Bless Texas
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
» Tucker talking Canada
» Almost to the end The goodguys are winning
» Dinar Daily Facebook Page