Mountain Goat says The WTO wants them as members & they are slotted to ascend to full member pending currency reform & tariff implantation

Hello Everyone,

So last week I referenced a window for a possible RV opportunity was here and everything looked fantastic.

In fact the situation was almost predictable as to Iraq’s next steps. How can you help but see it if you have been following this saga all along.

We are now seeing coming to the surface openly all the issues they have been working on over the last year and why the RV has been held up. We are seeing statuses on them too, like a giant summary as if an end date is near and they are racing to the finish line.

They are down to the end of their timeframe to complete these reconciliation reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday.

The WTO wants them as members and they are slotted to ascend to full member pending currency reform and tariff implantation. Remember it is always all about the $$$$. Having tariffs means a % goes to the WTO automatically through the software payment system. This could mean billions annually for the WTO. Having an  international currency means ease of trade and payments, but it also mean having the rate set in the exchanges where they need to reference it for conversion in the software system (referred to above). It is all interconnected.

So above I talked about two major elements. Let me give you what I believe it happening now and their next steps.

It is a long read today. Sorry I can not refresh you memory in all the details from the past to back up today’s news since this news letter today would be a book.

You must take some responsibility on your own and do some homework to follow this saga in Mtn Goat’s ongoing news letters. No spoon feeding here !

Today’s News

Today is Monday August 3rd and still we have no news of any RV.

If you have been following my news letters you know that I mentioned that at each month end, the government of Abadi is reviewed for progress on these RECONCILIATION REFORMS. We now know that there are 30 reforms and about 20 of them are done. The others are needed and we now truly know that currency reform is one of the needed reforms. We see the pressure building in all aspects of the economy. politics and security as to why it would be beneficial to complete the currency reform now. 

So later on during Sunday out pops yet more news of the importance of the needed laws to support this reconciliation effort. These are just not nice to have laws but are laws to back up, support and assist in the implementation of these reforms. So don’t let anyone of these so called “gurus” tell you otherwise.  These reforms are part of the agreement to allow Abadi to form the government a year ago. The government works for the people in a democracy and these reforms are what the people want. The government agreed to accomplishing them in order to take power. Since Maliki and any of his affliliates could not do the job over these last 8 years they decided to give someone else the power. 

See the article below.

So as this article shows us - Why would Jubouri now be reaching out to the international community for assistance in how to enact or implement these needed reform laws?  Why now all of a sudden?  Why so much pressure?

He is being very specific naming three laws, these are three laws also included in the group of six laws I presented to you in my news letter yesterday. Do you remember that article?

So in two articles in back to back news media they are telling us something. People when we see this kind of media it is VERY IMPORTANT !  Wake up and pay attention!

These three laws (Amnesty Law, the National Guard & the Federal Court law) are very important and essential for Iraq to move forward. They are the key laws and if you been watching and reading you should know they are also the most controversial. Even Jubouri is coming right out in public and telling us this in today’s article so if you don’t believe me listen to him. It can’t be any more blatant than this folks.

I welcome all aspects of the news and I am very open minded. It is all important and it is all pieces to the puzzle. However I find it very hard to believe that many have discounted the passing of the needed laws (thus to fully support the reconciliation effort). But when you ask them then - If not the laws holding it back then what is the hold up?

Their response is always like a deer looking in the headlights at night. There is no answer. There can be no answer since they completely miss the boat. This piece to this saga is staring them right in the face, yet stubbornness or something else (?) compels them to ignore this reconciliation effort. Even when they do give you an answer listen to their tone of voice on these calls. Listen to the BS and the hesitation while they have to think and conjure up something to tell you.

So what is this element that prevents them from telling you the truth?
It is the misinformation being given to them to deliberately sidetrack them (and you) so that we (investors, mafia or other entities) can not watch the progress of these laws. Instead by not knowing that this is the key there continues to be a blank and a continuation of asking the same question over and over again. They are dumbfounding you each Monday morning as to where is the RV.

Now to put gasoline on the fire, these same sources are also telling them repeatedly this RV is going to happen any day and any minute. Do you now see why you are disappointed over and over again. This RV was never supposed to happen, Iraq is not yet ready.

So I am telling you this not to bash anyone in particular because this has been the dilemma in the intel all along in this dinar speculator/investment community. Very rarely does anyone want to give it straight and use their common sense and override the BS they are getting from their “secret” sources. This of course is exactly why these 3 letter agencies continue pumping this misinformation. They are masters at propaganda. This is their job. 

I am telling you the answer over and over again to this question of – What is stalling this RV?

I know the plan as it was detailed to me many months ago. Are you listening? Is anyone listening? All these aspects are interrelated and interconnected such as the needed reconciliation (or Erbil), security, banking and relations with neighboring countries. But our attention now should be on Abadi and the Reconciliation effort and its completion since we see these other areas there are no issues and are under control.

Article Begins:

JUBOURI: PARLIAMENT NEEDS A GROUP OF INTERNATIONAL PARTNERS TO ENACT AMNESTY LAW, THE NATINAL GUARD & THE FEDERAL COURT      

8/2/2015

http://www.english.shafaaq.com/polit...ral-court.html
Shafaq News / The Speaker of the Parliament, Saleem al-Jubouri confirmed on Sunday on the need to take advantage of the experiences of a group of international partners in the legislation of the controversial laws among the political blocs, including a general amnesty and the National Guard and the Federal Court Act.

Jubouri said in a statement during a meeting with the President of the international partners group , Archie Kirkwood and his accompanying delegation, today, that "the Parliament need the expertise of international partners group in compromises among the political parties especially with regard to the legislation of important laws such as the General Amnesty , National Guard and the Federal Court, pointing the need to invest some efficient administrative capabilities as well as finding sections that helps the parliament in the process of enacting laws.
He said that the government institutions, including the Parliament in dire need to improve its efficiency so as to ensure upgrading performance, calling at the same time to the exchange of experiences between the two parties because of its positive effect for employees, whether at the functional level or Specialist level.

For his part, the partners delegation confirmed interest in providing consulting with regard to ensuring the perfect version for legislation important laws, and expand the horizons of cooperation in the training of cadres in the parliament and other state institutions.

[Customs and Tariffs]
I literally received hundreds of questions on this topic and so I will address it now.

Did the Customs and Tariff law get enacted?

YES, YES YES- Did I say YES? It positively did get enacted and is now in full force. Here are three articles telling us this is the case and the status. But it is not that simple. Let me explain.

First please read these 4 articles and I will comment on them afterwards.

Article #1 Follows

GENERAL ADMINISTRATION OF CUSTOMS PROCEED WITH THE APPLICATION OF TARIFF

Tomorrow Press / Baghdad: The General Authority for Customs revealed that she began Saturday, the application of the tariff in ports, airports and border crossings land according to the law enacted by the House of Representatives.

The Director General of the Commission Hakim Jassim for "tomorrow Press," that "the body is an executive receive instructions from the Ministry of Almalaht, noting that" the Commission directed the application of tariff law in the first of this August. "

He added that "the Commission directed its outlets in ports, airports and border crossings wild including those in Kurdistan that the province apply the law," noting that "the Commission has completed all administrative and accounting preparations to amend the fees rates in accordance with the pricing of the tariff law in all customs centers."

He said Jassim said "the Commission directed its staff to computational commitment that have occurred on goods entering the country under the new law, as well as ensuring the smooth flow of the completion of customs formalities as soon as possible," stressing that "the application of the law would encourage the private sector to run small and medium-sized laboratories."

He noted that the "fee rate starts from exempt to 20 percent."

The Ministry of Finance has decided last March, begin applying the customs end of next June tariff after futures last year to more than once because of the demand by some countries, traders and activate the new tariff law is canceled the old law subject by the civil governor of Iraq after 2003, Paul Bremer, and which requiring the payment of 5% tax on all goods imported from outside the country.

Article Ends

Article #2 Follows:

PARLIAMENTARY FINANCE DESCRIBES THE TOW THROUGH THE APPLICATION OF THE CUSTOMS TARIFF SYSTEM DETAILS
     
A member of the parliamentary finance committee Masood Haider that the application of the customs tariff system for food and goods will be in the light of the budget law for 2015 will also be the imposition of taxes on airline tickets, cars and mobile phone companies to increase fiscal revenue of the country.

He explained Haider Radio Marbad that the taxes that will be imposed on the mobile phone companies are selling taxes, not buy and this means no passport Download tax rate of those on the citizen by phone companies, noting that the Finance Committee will discuss this issue during its meeting on Sunday and define the steps that must be taken in this regard as well as the vote in the Committee to send a book calling for the central government and the Finance Ministry to compel mobile phone companies to bear the tax imposed on them and not to increase the packing Kartat rates, in addition to the claim to host the Minister of Finance by the Commission.   

Haider that also noted the application of customs and tax system will cover all border crossings in the country, without exception, pointing to resolve the differences that existed between the central government and the Kurdistan region on this subject and to reach an agreement between the parties requires the application of the tariff system in all ports and confirmation of the provincial government on commitment so.

With regard to the imposition of taxes on airline tickets and cars between member parliamentary Finance Committee that deal with this topic it is up to the Ministry of Finance and the central government on the part of determining the amount of tax borne by the citizen and the portion borne by the biggest companies.

Article End

Article #3 Begins:
THE IMPACT OF APPLYING THE NEW TARIFF LAW-STANDSTILL FOR THE MOVEMENT OF GOODS IN THE PORT OF SHALAMJAH EAST OF BASRA      

8/1/2015

Saw Shalamcheh border port adjacent to the east of Basra, Iran today standstill for the movement of goods and foodstuffs in conjunction with the application of the new tariff Alkmarki law. He said radio reporter who tow presence in the port that the movement of trucks stopped completely and limited port work on the entry of tourists to and from Iran. Among a number of suppliers and buyers of goods and commodities in the port complained of this law being and up, which they said was cause severe rise of imported materials in general, demanding at the same time, the local government to intervene and speed up the solution to repeal this law or amendment to it.

Article Ends

Article #4 Begins:

NEW TAXES ON ALCOHOLIC BEVERAGES AND CIGARETTES AND PARLIAMENTARY FINANCIAL STRESSES: GOVERNMENT IS OBLIGED TO IMPLEMENT      

BAGHDAD / ... the parliamentary finance committee confirmed Sunday that the central government is committed to the application of financial taxes to be imposed on goods and alcoholic drinks and cigarettes in the country.

Said committee member Mohamed Abdel Kader's "Eye Iraq News", that "after the House of Representatives approve the adoption of the general budget of the country was one of the clauses impose financial taxes on goods and alcoholic beverages and cigarettes as he emphasized that the central government will stick to the application of those financial taxes."

"The reason for the delay in the implementation of central government taxes alcohol and cigarettes is a variation on the mechanism of the implementation of those taxes."

He said Abdul Qader "alcoholic beverages and cigarettes taxes have been agreed upon by the parliamentary finance committee and then later raised to the central government to implement such taxes."

Article Ends


Now that you know more about the tariffs than most let review what impact this may have on the RV.

First let me say now that you know (it has been confirmed) that the government did in fact impose these new custom and tariffs on August 1st as they announced they would. 

Secondly let me say they must be enacted and implemented by each individual providence. Remember it is now a decentralized government down to the provincial level much like the USA and statehood.

The providences already stated (weeks ago) they will need additional funding in order to do so. Most have not yet received this funding so how will they abide by the new law?

Thirdly, the other issue is also the citizens themselves. Heavy crowds gathered in protest of these new taxes when implemented. This I am hearing is minimal impact since they already have the RV rate in payments on their cards for July and will get the same for August soon. So anyone telling you this is causing extreme pressure to RV is totally incorrect. Remember you can never please everyone and so there will always be a group of citizens apposing any new taxes, even if beneficial for Iraqi’s economy.

So I am hearing the rollout of these new taxes is slow and so far the impact is MINIMAL thus the pressure to RV is minimal impact also, but only for now. 

Article Ends

So did you read these 4 articles?

So having read them now ask yourself this question- Why no RV as of yet? We know they need it for the implementation of the tariffs.

IT IS BECAUSE THE TARIFFS ARE IMPLEMENTED TOO EARLY!
They implemented the tariffs based on a plan to complete other needed events on a timeline but this did not happen. Oh but what are these needed events?

THEY ARE THE NEEDED LAWS TO ENACT TO COMPLETE THE RECONCILIATION EFFORT !
They need to complete this so they could RV their currency prior to the tariff implementation. This obviously did not happen. Since they pulled the plug on the tariffs now twice already they were not going to do it again. Can they delay the RV much longer due to the tariffs? Will the WTO now put pressure on the USA to compromise somewhat and let the RV go?

This was a strategic decision from Abadi from pressure from the WTO and in return he is putting more pressure on parliament. This very evident from these recent articles. Parliament needs  to get their butts moving  to enact these needed laws to conclude this reconciliation process to satisfaction, as agreed to a year ago. Did I mention the Maliki element and influence from the Dowa party. So you also have this negative element blocking progress where they can.

People I am telling you Abadi is a brilliant politician. He is playing a game of chess and trying to move the pieces around the board. As outsiders this can be confusing to follow and just when you think you know it all they change the game. So when they do this JUST STICK TO THE FACTS – go back to what you already know as proven facts and go from there. I have done this over and over again. I almost can now predict their next move on the chess board. We can now see the reaction to the Tariffs. Four articles on Tariffs in the last couple days?  Come on people wake up THIS IS IMPORTANT ! Something important is going on. 

Update on Iraqi Decentralization of Powers

Okay now that we covered the tariffs let me review what is happening in the decentralization efforts. Is this important for an RV.  YES, YES – did I say YES?

It is part of the reconciliation effort. They can not conclude this effort without meeting the standards of decentralization as outlined in their constitution. The USA and UN have said over and over again that they must FULLY IMPLEMENT THEIR CONSTITUTION prior to getting back full international status of their currency. So here is an update on their plan in these two articles that follow.

Are we close to completion. HELL YES ! The deadline is August 6th. Will they meet this deadline or will they extend it out?

So the first article is telling us that they are having a BIG meeting in the council of ministers chambers and what they are talking about. They are going to decide if they will give the decentralization effort another 3 months to complete. It was written while the meeting was being held. Are you reading this any differently? I could be wrong. Some say they already gave them a 3 month extension.

The second article is telling us they did in fact give a 3 month extension.

What impact does this have on our RV?
It is hard to tell since we do not know the extent of what is left to do. They decide they can clean up the rest of the transfer as long as the rest of the needed laws are enacted. I will be keeping on top if this.

But my guess is we may (I said may) be waiting yet at least another 3 months ( mid November) for any chance of an RV (based purely on this effort). Remember also every month they give a report card progress report to parliament on the reconciliation effort.  But like I said above - What about the pressure from the tariffs? What will this pressure bring us? Lots going on here.

Article #1 Begins:

EXPANDED MEETING TO RESOLVE THE TRANSFER OF POWERS FROM THE MINISTRIES      

An expanded meeting to resolve the transfer of powers from the ministries to the provinces file

BAGHDAD / ... The Commission on the regions and governorates not organized province and a member of the parliamentary fulfillment of a fight, Sunday, that the committee with the transfer of powers from the ministries to the provinces, indicating the presence of an expanded meeting on Sunday to resolve this file.

She said a fight in a statement received "eye Iraq News", that "the Committee of the Regions and governorates not organized province of parliamentary standing next to the provinces, which calls for the application of the decision to transfer the powers of the ministries to local governments, in order to ease the burden on the ministries on the one hand and raising the level of services provided to citizens of On the other hand ".

She explained fight "that delayed the transfer of powers is due to the unwillingness of the administrative staff of some ministries and provinces to receive files, as well as the lack of readiness of some ministries to deliver administrative files".

She said a fight, "said the parliamentary committee will be held on Sunday, an expanded meeting attended by the heads of political blocs and the ministers concerned and the Minister of State for Provincial Affairs, parliamentary committees and the heads of provincial councils and governors for the purpose of discussing the measures to be taken after the transfer of powers to the provinces and resolution of this file," indicating that "some provinces threatened to resort to the courts In the absence of the central government's commitment to the transfer of administrative files to local governments on schedule and is 08/05/2015 "

It is said that the General Secretariat of the Council of Ministers has announced that the Council adheres to the transfer of powers from the relevant ministries to the provincial councils in accordance with the government program, which the government is committed to its implementation, noting that the Board directed the Minister of State for Provincial Affairs and the House of Representatives to take what requires to implement Alaqrar.

Article Ends

Article #2 Begins:

CABINET AGREES WITH THE COMPLETION OF THE TRANSFER OF POWERS 15 PROVINCES WITHIN THREE MONTHS      

02/08/2015 10:53

Long-Presse / Dhi Qar He said the governor of Dhi Qar, Yahya Mohammed Baqir al-Nasseri, Sunday, in an agreement between the local governments in the provinces is Regular province and the Council of Ministers to complete the transfer of powers from the federal ministries measures within a specific timeframe of three months, and among the transfer of powers will be gradual, he referred to the Council of Ministers to support the demands of the provinces.

He said Yahya Mohammed Baqir al-Nasseri told a news briefing after attending the coordination meeting held on Saturday, and chaired by the Prime Minister Haider al-Abadi received (long-Presse) a copy of it, that "coordination meeting discussed the completion of the transfer of powers from the federal ministries to local governments in the provinces non-motorized Regular province, "noting that" the outcome of the meeting to determine the timeframe for the completion of the transfer of powers standing three months. "

He said the governor of Dhi Qar, said that "the transfer of powers from eight ministries provided by the law 21 will be gradually and within the time limit set by the coordination meeting."

He Nazareth that "local governments during the coordination meeting confirmed its commitment to the transfer of powers in accordance with the legal framework established by the governorates not organized province that law," stressing that "the Council of Ministers expressed full support to the demands of the provinces in this regard."

He expressed the Nazarene "I hope that the process of transfer of powers are properly and do not cause a quick overwhelm the interests of citizens or affect the administrative work in the provinces and ministries concerned."

The coordination meeting of the provinces is the province of the organization was held on Saturday, at the conference room in the Council of Ministers headed by Prime Minister Haider al-Abadi and the presence of 8 ministers as well as governors and heads of provincial councils in 15 governorates irregular province.

He was the governor of Dhi Qar, revealed on Thursday (July 3, 2015), for a formal meeting under the chairmanship of Prime Minister Haider al-Abadi on Saturday and another meeting with the President of the House of Representatives on Sunday, in Baghdad in order to complete the transfer of powers to the provinces procedures, and AS EXPECTED TRANSFER ON SCHEDULE IN THE FIFTH MONTH OF AUGUST NEXT, he affirmed the support of the provincial council of the local government.

The article (45) of the second amendment to the law of governorates not organized in the territory of Law No. (21) of 2008 voted by the Parliament in its meeting held in the (23 June 2013), states that "A commission named (the Supreme Commission for Coordination between the provinces) headed by the Prime Minister, and the membership of Ministers (Municipalities and Public Works, and Construction and Housing, labor and social affairs, education, health, planning, agriculture, finance, sports and youth) and Minister of State for Provincial Affairs, governors and heads of provincial councils take "transfer sub-circuits and devices and functions and services and competencies exercised by those ministries with allocated public budget and staff and personnel allocations, to the provinces within the scope of its functions set out in the Constitution and relevant laws gradually and within a time limit not exceeding two years and remains the role of ministries in
 the planning of public policy.

Article End

New 50k bank Notes

How can they implement these without the completion of the project to delete the zeros?

We have heard from Iraqi economic experts themselves in many articles telling us they will FACE MASSIVE INFLATION if they issue these notes. Remember these notes are not for the general public and we are told they will remain as legal tender even after the project to delete the zeros is completed. They are to be used mostly in commercial transactions of purchased with very large price tags.

The article below is an old article and the “early next month” mentioned is early August, this month and we are now inside this window. So we can see the plan. But remember just because it’s a plan does not mean they will follow through completely with it. Remember the article talks mainly about PRINTING and not so much about distribution and use of the notes. This I suspect will come out later this month when they plan to distribute and use them.

Article Begins:

PARLIAMENTARY FINANCE CONFIRMS THE CONTINUATION OF THE "CENTRAL" TO PRINT NEW BANKNOTES: WILL GO WITHIN DAYS      

Special-scales News
Approved the decision of the parliamentary finance committee Ahmed Hama, Thursday, the central bank is constantly in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month.

He said Hama's / scales News /, that "it is possible to introduce new banknotes category 50 000 in the Iraqi market early next month after he managed the Central Bank of print," explaining that "the expansion of the scope of the private sector, one of the solutions that must be introduced to promote the economy Iraq ".
He added that "2016 will see a new printing papers 100 000 dinars class to put on the market," noting that "the country needs to be run by the mixed sector first and then move to the stage of the private sector."
He said, "The obstacles that hinder the work of the private sector in Iraq is very much the most prominent insecurity."

This said Governor of the Central Bank of Iraq, Ali Mohsen Keywords earlier, that early 2016 will see the issuance of new categories of paper currency is the 100 000 dinars, the Iraqi currency notes series underlined that the new banknotes put revive the Iraqi dinar against the dollar, "

Article Ends

Peace and Luv To Ya All, 
Mnt Goat