Mnt Goat News Brief 9/12/19

Hi Everyone,

I bring you some news today.

There are no relevant articles today to report. There are lots of rumors some of them in the news from Iraq but I will not waste our time and bring this garbage to you.

No, the ex-PM Maliki is not going to replace the current PM Mahdi by the end of the month. How ridiculous and stupid to even think this might happen.

Yes, we still expect the formal announcement of the new Governor of the CBI any day now.

More news….

I have noticed that some of my readers will never be satisfied no matter what news I bring either good, bad or indifferent. They will always find something to pick out and want more and more. Why?

So, this controversial article from Sept 7th is a perfect example. Many of you didn’t like my answers and so you wanted more and more. In fact, you wanted me to tell you exactly what you already predetermined and had pictured in your minds of what was going on. Did my analysis match your assumptions? You just want me to confirm your conclusions and not hear about the REALITY and FACTS.

Even after I told you that my CBI contact did not agree with the article and that the CBI was still going forward, you persisted. This was not good enough for you. What the hell more do you want? All I am trying to do is to get to the bottom of these articles.

So here again is what happened since now I know yet even more details:

We know that the Financial Management Law was written and passed in parliament in order for parliament through the financial committee to take charge of the monetary reforms and force the CBI to perform their job. Up to this point the CBI had excuse after excuse as to why it could not proceed. We read about all the corruption in the CBI. We heard about the necessity to replace all the proxy positions with permanent positions. Then we watched it happen. The announcement came out about the replace of the director of the CBI and he was supposed to take his position in early September.

Then in late August a barrage of articles on moving ahead with the “project to delete the zeros” and re-minting of the smaller category coins.

Then on Sept 7th a member of Finance Committee as a result of its study it was commissioned to do, that it was not now the appropriate time to change the national currency. The reason was budgetary.

However, this was not entirely honest and the government policy and so this announcement was premature and not accepted by Mutada Al-Sadr. In research I discovered that Al-Saffar was not speaking correctly when he talked to the news media.

Why was Al-Saffar not truthful?

1)Iraq is not in a deficit, it has a huge budgetary surplus for 2019;

2)proven there are more then enough of the smaller category notes and coins for the initial launch;

3)the policy of the Finance Committee has had the intention all along to complete the monetary reforms in 2019 and stated this many times already.

So why now the big turnaround in policy all of a sudden?

Maybe it was not a turnaround but rather an intentional negative article to try to delay the project again?

So this announcement opened the proverbial can of worms not just outside of Iraq with us investors but also inside Iraq too. Meetings are now being held to determine what is really going to happen.

As we know there are in fact enough coins and smaller category notes for the initial launch to re-minting coins is not the real issue.

Are they changing the coins from the ones they already issued and then recalled in 2004? We don’t know for sure.

Or do they want change the coins entirely and do not want to use the ones from 2013? We don’t know for sure.

How else could Dr Shabibi have announced in 2012 that the coins were to be issued in September 2012 in preparation for a Jan 2013 reinstatement of the dinar? Did everyone forget the past?

So this reason for delay once again did not sit right with many in parliament and in the Sadr Reform Movement. It seems they can always come up with an excuse as to why they can’t do it. This is not just my sentiment or my opinion but is also of how the people in the CBI and the Finance Committee also now feel.

So they (CBI and Finance Committee) have been meeting now for days to decide just how they will go forward. I believe they will move ahead and find a way around any obstructions to accomplishing this project.

More news….

We cannot force the reinstatement as it must come to us. I can sit here and type out all kinds of lies like the other gurus do. However, I am also not going to do this just to make any of you happy. Please go to TNT Tony or these other idiots like Bruce on his “Big Stupid Call” if you want lies. Oh – MarkZ and this “Grace with Glory (that should blow back to Chicago)” jerk are also very good options if you want lies and misunderstandings.

Yes, and how about “MY Ladies” (more like MY IDIOTS) who come out of their closet all of a sudden and say they give you only the FACTUAL data and you decide….lol..lol..lol…. Oh yeh… where have we heard this before….? I had to clarify their garbage intel already too as they confused everyone on the process already. So now they are going to be the experts and explain to everyone how the exchange rate works? Folks the exchange rate does not work. It is simply a rate assigned to currencies. ALL and I mean all currencies if they are listed on the global currency exchanges are put on a FLOAT. Who the hell cares what kind of float. Really? Does it make any difference to us investors in the IQD? Why go down this stupid road of confusion.

I have explained the process to everyone already and we don’t need take-offs or spins on it. Simply put when the time comes the IMF will put the IQD in an SDR basket of currencies including the Yen, Yuan, Pound, Euro, USD and then the IQD. Remember initially the Yuan was not in the basket. And so, when they joined the WTO they now have special drawing rights (SDR) and they were put in the basket. This had nothing to do with any delay. If simply would have happened anyhow. If you don’t know the significance of the SDR then go google it. I can’t keep holding your hand forever….lol..lol..lol.. Take charge of your life. Go for it!

What does this do?
It creates stability in the marketplace since, if one currency gets too shaky, the others will back it up and support it. Get it? But there are drawbacks too since the demand for the US dollar will not be as strong for Iraq on a floating peg in applying the SDR basket as it would on the fixed de-facto peg as they now have. Can you easily see the HUGE difference? With the de-facto peg it was supposed to be a TEMPORARY MEASURE by the IMF. It is one of their tools.

With a de-facto fixed peg, the countries own Central Bank controls it directly and are forced to adjust it when inflation indicators dictate. The IMF monitors the inflation rate and gives feedback. We have seen the adjustments with the IQD from the 1166 to now over 1190. It has gone down to control inflation. They must keep it at + or – 2%.

With the float in the SDR basket the software system by the marketplace drives the rate up or down. The central bank has little to say in the rate except they can adjust it every 90 days if necessary up or down by very small % points to combat inflation with permission of the IMF. However, I will say the new software algorithms are designed to take care of this too so, little if any, manual intervention is needed by the central banks. This is done to avoid corruption and rigging the rates. China, once on this system will no longer be able to artificially keep their rate low. This too is part of the hold up since putting them in the SDR basket was the first step in this direction. BIG changes are in the making and more coming with this new software system.

I know exactly what you are thinking….NO! NO! NO! Its not a GCR (global currency reset) as your friendly intel guru idiots keep telling you. But it is part of the “Financial Reset” the IMF has been working on this since 2008. Get it? It is nothing new but they are just now making great strides in accomplishing their targets.

But the US does not necessarily like this since they would rather, of course, leave the IQD on its lonely de-facto peg to the US dollar. Gosh it has been 16 years already. Hard to get off the proverbial mother’s tit.

Demand for the US dollar. This is what the US is fighting to keep in place as long as they can. This is an ongoing battle with the IMF and the CBI. This is part of the hold up. So, it is not that simple to just “pull the trigger”. But the US also knows eventually it must let go of the de-facto peg and allow Iraq to truly operate independently according to Article 8 of the UN charter.

How does putting the IQD in this SDR basket effect our exchange?

Since the IMF will have to now weight the IQD along with the assets from these other 5 currencies in the basket, it will cause a re-calculation of the IQD rate and drive it higher like the pre-1991 rate plus equity. This is what will be the driving force behind getting more than a 1:1 after deleting the zeros. Get it? This is what will justify it.

But this is the problem with many of you…..

Many of you just bounce around from site to site, from call to call trying to match their intel with what you already decided happened or will happen. You already have your opinion.

Why? If you are so clever and ingenious then just have your own intel call or newsletter and be like all the other idiots out there and spread your gossip, lies and rumors. I am trying to be honest here and bring FACTS and TRUTH and explain it easily and simply for all to understand.

More news….

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Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts or italics, so my comments are in brackets ( ) throughout the articles. I will preface my comments with “Mnt Goat” so you know I am jumping in with observations. Also, I separated the articles with asterisks.
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No relevant articles this period

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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

In ending I want everyone to know your constant prayers in the fight against evil (ISIS) and now the corruption in Iraq have worked. God has guided these young men and women on the battle field. He has guided the honest, patriots of Iraq to fight for their homeland. So this new war now on our citizens is underway. New battles are raging every day over corruption. These are battles to save our societies from the corrupt politicians and secret societies who are bent on taking what they want from our current wealth and from future generations without our permission. We must keep praying for the end to the rapid corruption and enslavement of people in Iraq and also in the United States. We must pray for our leaders that they may be anointed by the Holy Spirit and guided to do God’s work. We must stand by them and let them know we are still there to support them, even after the election is over. I have composed a prayer maybe we can all pray today in our own way and until the reinstatement of the Iraq dinar occurs.


PRAYER

“For all leaders of all nations, that they may be anointed by the Holy Spirit to do God’s will to bring about abundance and prosperity to all.

To fight this waging war on corruption, our freedoms, our liberties, socialist plans and injustice.

That the FREE WORLD may be a shining example for the rest of the entire planet.

In the name of Jesus Christ our King and Savior, Amen”

Auf Wiedersehen
Much love to ya all,
Mnt Goat

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