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Mnt Goat News Brief 4/23/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Mnt Goat News Brief 4/23/20

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Mnt Goat News Brief 4/23/20 Empty Mnt Goat News Brief 4/23/20

Post by RamblerNash on Thu Apr 23, 2020 9:11 pm

Hi Everyone,

I bring you much news today.

This is by far yet another newsletter you will want to read from TOP to BOTTOM.

So, we see in the recent news from Iraq it is now all about the breakdown of Iranian influence in their country. We all should have expected this.

It is the political and economic breakdown of the Iranian influence over Iraq. Politically because Iraq needs to get rid of the Iranian backed politicians and economically because they need to realize they do not need Iran for continued agriculture products or electricity (basic needs).

But there is still problems and still Iranian factions inside Iraq that must be dealt with. Its not over until its over.

I am including the Iranian militias. They are the strongarm of the Iranian backed politicians. We are about to see yet another round of the massive demonstrations and protests to begin again. These protestors are fresh and have been laying low for months now. They are more than ready to begin their fight again and will come on with vengeance, stronger than ever, unless they get what they have been demanding since last October.

But at least now with the death of Soleimani and his gang of generals, there is hope and a pathway to realistically create an atmosphere that is slowly being molded that will allow the US to finally deal with these Iranian backed militias seeing that Iraq is uncapable of doing it themselves.

Next, we move on to Prime Minister-designate Mustafa Al-Kazemi and the next government. Oh – there is great pressure to get the government formed NOW so it can move towards accomplishing the past demands of the protestors. The lull in the demonstrations over the COVID 19 virus is about to end and they know it. Now it the time to get the matters of forming the new government settled and moving ahead. The price of oil surely does not do any good in this process and only adds to the crisis.

So this week Al-Kasemi did request a date to present his cabinet lineup to parliament. The line-up was also published in the news. It is said in today’s articles there is now a specific date set to vote on his new government next week.

So, now I want to add that all is not lost for us investors in the Iraqi dinar. Things may look very gloomy and certainly they are, I can’t lie to you. But we know from the past too that if certain elements (namely oil revenues, economic independence and political stability) can be achieved this country can very quickly rebound and in a matter of short time turn all this around.

How much are we talking about?

I know, I know we all want the reinstatement of the dinar to happen…like tomorrow.. but this is just not reality and not going to happen….sorry! If I was to guess (and give y opinion) I would say that the very earliest is MAYBE next January 2021 and that is only “IF” they get these issues under control that we have been talking about in today’s newsletter. I do not care about with a these other very foolish so-called “intel gurus” tell you. Let them predict too and so who have been right all along, them or me?

I want to dispel all these stupid rumors and hopes that there is going to be an RV just as soon as the government is formed. Really? Do you even think this is possible? Why would you even say this?

This is so silly. There is so much more that has to be done prior to the RV. Remember the RV we want is predicated on the REINSTATEMENT of the Iraqi dinar on the global markets. Do you really think with the price of oil now so low and with all the economic and Iranian turmoil that this is a good time to reinstate the dinar? Do you really think the IMF and the US would approve of such a move?

Remember also many of these idiot gurus keep pumping that an RV would solve all their problems in Iraq and they would be financially rich. Really? It does not take a rocket scientist to see just how wrong these idiots are.

Remember the great majority of these idiot “intel gurus” are just ordinary people posing as experts and value their own ego and opinions. They say they have such high sources of information. Really?

But what do they really know? How long have they been in this investment and what is their goals at having intel sessions, internet sites and conference calls? Is it really to bring HONEST and FACTUAL news of just some warped sense of their opinions in order to pump you with something, anything that sounds reasonable to keep you coming back to them for yet more of the same insane bullshit. This guy Bruce and his Big (stupid) Call is a perfect example of just what I am talking about. On one hand he brags about how good and accurate his sources are, then he always culminates with he is not really sure or it is just his opinion.

So last Tuesday he talks about some fund releasing some money. On this part of the call he said the fund had “$1 with a hundred zeros following it”. Folks if you put together all the money in the world it still would not come even close to amounting to what he claims is in this fund. And this is only one of the funds he keeps talking about. Seems every week there is yet another fund being released with yet higher amounts. I sit back and just laugh at the call. It is comedy night on our house.

I also cry to when this Susan comes on and peddles her project planning sessions for only $164 a session and now even she wants to have people come on an review their plans over again to update them for only $45 a session. So, now that she has exhausted all the primary suckers out their she needs to recycle through and suck yet more money out of them again. Then there is Baby Boomers with Bob, the health expert, another sponsor. And so, we can clearly see why Bruce has his intel calls and why he must say something, anything to pump you up with his FAKE intel.

Everyone should pour themselves a nice tall glass of wine and tune into his calls on Tuesday and Thursday evenings, it is better than a comedy show on national television.

So back to reality:

Well Iraq had a period of high stability since 2013 and so why didn’t the reinstatement occur then? I keep telling everyone why and it is no secret.

• Iraq needs the CBI reserves to be almost twice the minimum IMF required amount for financial stability;

• Iraq needs the price of oil to be at least $60/barrel for financial stability;

• Iraq needs to get rid of Iran and truly be a sovereign nation and not just use the term “sovereignty” as a convenient excuse when they need to set international policies (like Iran defines the term to get rid of the US forces in Iraq, yet they still have tens of thousands of their militia stationed there….why?

• Iraq needs investors to pour into their country to help develop the private sector and move from a socialized economy to the private sector. This is not going to be fully accomplished in a short period but if moving ahead can lead to the reinstatement if the wealth is there to back the dinar.

• Remember also even at 1/8 of a penny for a dinar, surely with all the oil revenues, CBI reserves and what economy they do have, the currency is worthy of a higher value even now. No one can argue this point. But they can not raise the value until they also can conduct the project to delete the zeros, reinstate the currency and get out of monetary sanctions on the dinar. Get it? As investors we must realize that these events must be coordinated and work simultaneously to get us to the banks to exchange our dinar. This is the bottom line for us.

More news….

ADEL ABDUL MAHDI SPEAKS OUT ABOUT INABILITY TO FORM A NEW GOVT

04/21/2020

Shafaq News / The resigned Prime Minister, Adel Abdul Mahdi, called on the political forces on Tuesday to show more flexibility and moderation to end the file of forming the new government, threatening to take a “decisive stance” in the coming days.

This came in a lengthy message addressed to the President of the Republic Barham Salih, Parliament Speaker Muhammad al-Halbousi and members of Parliament.

Abdul-Mahdi said in his message, “I submitted my resignation on November 29, 2019, and we are nearing the end of April 2020 and no new government has been formed?

The Brotherhood commissioned Allawi and Al-Zorfi was not successful, and recently he commissioned Brother Al-Kazemi, who is supposed to form his government before the next 9 May.

More news….

NEWSPAPER: THE IRAQI GOVERNMENT IS RESISTING IRANIAN PRESSURE TO OPEN THE BORDER BETWEEN THE TWO COUNTRIES
The American New York Times reported that the Iraqi GOVERNMENT IS RESISTING IRANIAN PRESSURE TO PUSH THE BORDERS BETWEEN THE TWO COUNTRIES to trade exchange and visitors to religious sites.

The newspaper quoted a member of the Security and Defense Committee in the Iraqi parliament, Badr Al-Ziyadi, as saying that "Iran is pressing behind the scenes on the Iraqi Ministry of Foreign Affairs to open the borders."

The head of the Iranian Hajj organization, Ali Reza Rashidian, announced last week that "planning began to reopen the border between Iraq and Iran."
But a spokesman for the Iraqi Border Authority, Alaeddin Al-Qaisi, told the newspaper, "Our land border crossings with Iran and Kuwait are completely closed to passenger traffic and commercial exchange, and this closure will continue until further notice

More news….

CLARITY FROM MORE OF “GRACE WITH GLORY FROM CHICAGO” BULLSHIT

Did you happen to listen to the “Grace with Glory, from Chicago – Witness the Winds of Change” conference call from April 19th?

Her version of “change” is a complete economic crash. Oh- she laughs and laughs over it on her calls and how good it all is. Really? She even says she has been waiting for this for a long time. Really? Is she insane? And many of you listen to her and give donations to her?

Personally I believe this woman is possessed by the Satan.

Maybe this is yet another bitch we have to ditch? But of course, we should have knows all along better because she is one of the NESARA / GESARA idiots. I warned you about these people…..

Whenever you hear anyone supporting this notion of NESARA or GESARA – run like hell!

So let me tell you about some of her recent insane notions and rhetoric from her Sunday April 19 call: She comments on how the stimulus checks coming out over the COVID-19 (part of the 6.2 trillion stimulus package) is actually the NESARA lifetime “guaranteed income” for all citizens. Oh really? Oh – she better inform the US Treasury when her checks stop coming …lol ..lol ..lol… Okay so what it actually is, is the Paycheck Protection Program (PPP) which is temporary for economic stimulus and prevent economic disaster due to COVID 19. It is far, far from a guaranteed paycheck for everyone for life as NESARA claims. Oh – isn’t this also what the democrat socialist want too as part of their political objectives for the 2020 election? Do you see the connection now with NESARA and these democrat socialists? They are one and the same.

But again, I am telling everyone these NESARA idiots will take any event and turn it into their own victory. Yes Grace was taking a victory lap on her call.

They pretend they are the precursors of the event and were behind it all along. So here was yet another example of an event they take credit for. Of course, history will proof them wrong once again as it always does. They are wrong once again…but of course I am telling you that even before they open their big fat mouths with all their big fat lies.

Hey for all you idiots who love this woman and kiss her feet, you better watch my video on the TRUTH and FACTS about what this NESARA / GESARA is really all about, that is if you really want to know. Here is the link.

https://www.facebook.com/notes/latest-mnt-goat-news-letter/fact-or-fiction-the-complete-story/810118942656833/

But of course, many of you “Grace with her own version of Glory” worshipers really don’t want the TRUTH you want to rely instead on some false HOPE of promises from some behind- the- scenes socialist communist organization sinking their teeth into your brain. Yes, we all want many of these things but we have to create our own country to get them and find sound ways to get them without sucking the life out of our economy or unwarranted taxation burdens.

Remember this – “There is no such thing as a FREE ride”. Someone has to pay for these things, unless of course you are Grace from Chicago, the bum who wants everyone else to work to support her with their donations.

Oh, but she is a self-proclaimed “light-worker” doing spiritual work for the good of humanity? Whose version of spirituality does she mean? Certainly not the God I worship and pray to. But its easy to say these things on a conference call and give people false hope. Its easy to take someone else’s money and “redistribute” it to the poor when you are poor yourself and living off of everyone else’s hard work.

Of course its always those with nothing who stand to lose the least in this socialist movements. Then, if the movement is successful, they are the first ones to cry out again that they are starving and don’t have sufficient needs to be taken care of. Well bitch, you are the one who pumped socialism and so I will tell her she is the blame.

Sorry but her warped ideas are NOT the long standing parts of the fabric of the American way of life. So Grace,,, why don’t you try moving to Russia or China and see how many “donations” you get from them for your phony intel calls.

Yes, a looney tune lady, like telling you not to go see your doctor or to take clinically proven drugs that can actually extend and save your life. Oh – but hemp is the “cure all plant”, so she says. Yes, cure all if you don’t mind being half out of the bag and can’t think straight afterwards and want to live your life in passivity and be a puppet citizen of the socialists. I swear she must have been really “high” on her last call.

First, she says how NESARA brings about the COVID 19 and it is a “tool” that NESARA is using to bring about the “needed change”. Really? Is this the change then she alludes to that she wants? Yes, she means the economic collapse she has been waiting for so long. Socialist communism, of course, is the “change” she wants. Get it? Oh – so NESARA then is directly responsible for hundreds of thousands of deaths. Is this what you are telling me? So this is all so good. Of course in the Karl Marist doctrine this is all good since “the few must be sacrificed for the many”.

Next, then later she plays a video from a well-qualified, established health professional who talks all about the FAKE news media and this COVID 19 is all propaganda and how its blown way out of proportion. She appears to support the notion that this stand-down of the economy is all hype anyhow and FAKE.

So, which is it bitch? Is COVID 19 event good or bad? She leaves you with a wonderment of mind- boggling stupidity, as usual when you leave her calls. But her stammering and lack of coherency on this particular call really made me wonder just want state of mind she was in. I think she was smoking weed or taking some other hallucinogenic drug during the call last Sunday.

My advice:
If you haven’t been listening to her calls- don’t!
If you have STOP!

More news….

TRUMP PULLS OUT OF YET ANOTHER UN ORGANIZATION

The falling demise of the UN organization is a priority for Trump. Of course, he can’t come right out and talk much about it as we all have the perception it is nothing more than a circle of people from every country holding hands in a big room singing kumbaya. Oh – they are all about peace keeping. But what most don’t realize is just how large and powerful the UN has become. Much more powerful than it should. This is due to the large number of donations that member states give to the various UN organizations.

MONEY is POWER. So, what could possibly be wrong with the UN?

Are they really using all this funding appropriately, as they claim, or are the top leaders of the UN (behind the scenes) using the UN as a front organizations to further their political objectives and using this funding to do so? Even now they know they would never get funding for a completed NATO armed forces as it is not in the charter of that organization. But they can sleazily use the EU to do so and are now pursuing this objective.

So just recently Trump announced the US will no longer fund the World Health Organization (WHO) and the Center For Disease Control (CDC). Go figure why?

So, by cutting off the funding Trump basically announced the US is pulling out of yet another UN organization. Do you know what? I don’t blame him!

Why did he do this to the WHO and CDC organizations?

After all they are only concerned about our health? Really? Watch this video below, then watch the other videos concerning other pullouts from the UN:

World Health Organization: It is really NOT concerned about global health and it just another one of these UN front organization for funneling contributions from member nations for use as its UN pool of money for use on other UN pet projects. Very, very scary if you ask me. And the worst part is they have gone unchallenged until Donald Trump.

Do we have a God given right to stay FREE and SELF Governing?
https://www.facebook.com/281127528889313/videos/466969000799953/

The UN is using the EU to promote its “One World Government” agenda
https://www.facebook.com/281127528889313/videos/1052271931639306/

The EU is slowly breaking up.
https://www.facebook.com/281127528889313/videos/354141685263671/

Is Trump Moving towards a pullout from the UN?
https://www.facebook.com/281127528889313/videos/2487660747918818/

World Health Organization (WHO) another UN organization bites the dust…!
https://www.youtube.com/watch?v=R6isamwebKk

What is the UN teaching our children?
https://www.facebook.com/281127528889313/videos/2351391775149974/

UN UNESCO organization – The UN Propaganda Organization
https://www.facebook.com/notes/latest-mnt-goat-news-letter/unesco-its-evil-purpose-and-philosophy/898557050479688/

Do you need any more proof? Watch it play out in Trump’s second term in office. By the way the UK also backs Trump as well as Italy and now France on this subject matter.

More news….

OPEC IS CONSIDERING THE IMMEDIATE IMPLEMENTATION OF THE AGREEMENT TO REDUCE OIL PRODUCTION

A number of OPEC ministers discussed on the phone today, Tuesday, the developments of the oil market and ways to implement the agreement to reduce oil production immediately and not starting from the first of May.

The ministers proposed an IMMEDIATE IMPLEMENTATION of the agreement and not to wait until May, as well as stopping excessive production in April. The meeting comes a day after US oil contracts for delivery in the following month fell to the negative region for the first time in history with demand collapsing due to the Corona virus crisis.

More news….

Information / private …
Member of the Al-Fateh Alliance Fadel Al-Fatlawi confirmed on Tuesday that the parliament will hold a session of granting confidence to the government of Prime Minister-designate Mustafa Al-Kazemi next Tuesday 28 April.

April 23:
Published and sent to parliament a list of names proposed by Prime Minister – designate Mustafa Kazemi, the ministerial his booth.

Al-Kazemi had a meeting with the leaders and leaders of the Shiite political forces to discuss resolving disputes over the cabinet.
The Shiite forces also agreed to meet again within 48 hours to give an opinion to each of the candidates.

More news….

IRAN HAS LOST A LARGE PART OF ITS ROLE IN IRAQ, INDICATING THAT AMERICA CAN NOW END THE ARMED FACTIONS
(this is HUGE, HUGE news for us investors)

Baghdad / news
Member of the House of Representatives Muhammad Al-Khaldi saw that Iran has lost a large part of its role in Iraq, indicating that America can now end the armed factions.

He said in a press statement, “The issue of restricting weapons to the state is not related to the next prime minister, Mustafa Al-Kazemi, but rather is an international regional issue, mainly related to the United States, and the nature of its dealings with the Iraqi file. If it wants to proceed with this option, it will be able to That is without question. ”

Al-Khalidi added, “Iran has lost a large part of its role in Iraq, and may have lost its entire role during the past period, and it is currently suffering internal crises, and it has no control or acceptability in Iraqi affairs, so if the United States decides to end the armed factions in Iraq, Al-Kazemi will do that.

*************************************************************
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.
*************************************************************
Articles Begin

IRAQIS SAY THEY ARE BETTER OFF WITHOUT SOLEIMANI

Iraq is better able to assert its independence and distance itself from Iranian interference that was undermining its sovereignty, experts say.

In the months since top Iranian general Qassem Soleimani was killed, Iraqi politicians and analysts tell Diyaruna, they have observed a number of political and security changes that they view as positive for Iraq.

It has been just over three months since the former commander of the Islamic Revolutionary Guard Corps’ Quds Force was killed in a January 3rd US airstrike in Baghdad.
Since Soleimani’s elimination, analysts said, Iraq now has greater opportunities to assert its independence and distance itself from the Iranian interference that was undermining its security and draining its resources.
“Iraq now has a great opportunity to dismantle the armed networks and mafias established by Soleimani over the past years,” Dijla Strategic Planning Centre researcher Hussein al-Safi told Diyaruna.

Over the years, these Iran-backed militias have “drained billions of dollars of Iraq’s wealth to serve Iranian projects in the region”, he said, noting that Iraq will be better able to assert its sovereignty as these militias weaken.
Soleimani’s elimination came at a time when the Iraqi people were taking to the street to demonstrate against government corruption and the outsized influence and interference of Iran in their country, he noted.

“This turned the Iraqi street into a key player on the political scene that is putting pressure on the political forces,” he said. “In view of that, it can be said that Iraq is undergoing a number of positive changes.”

AN OPPORTUNITY FOR CHANGE
Now that Soleimani is gone, there is an opportunity for change, al-Safi said.
Soleimani was one of the main forces behind the drain of Iraqi wealth, he said, and he oversaw the formation of dozens of militias, financed with Iraqi funds.

“His absence today is a great opportunity to put forward a more pluralistic political scene, because he undermined every civil or nationalistic political movement that he saw as posing a danger,” al-Safi said.
It can be said that this era has ended, he added, and that Iran is incapable of bringing in a replacement to do what Soleimani did.
In the political arena, there are new voices in parliament that are beginning to speak independently of the heads of blocs known for their ties to Iran, he noted.

“Iraq is without question better off now,” Mustaqbal party president and former Iraqi MP Entifadh Qanbar told Diyaruna.

US FORCES GAVE IRAQIS A TREMENDOUS GIFT BY ELIMINATING THIS TERRORIST
[Soleimani], who until the last hour of his life continued to destroy the democratic process in Iraq and drain its wealth,” he said.
Through his support of Lebanese Hizbullah and militias in Iraq and Syria, Soleimani “posed a threat to civil peace in Iraq”, Qanbar said, “so eliminating him was akin to opening a new window to a better tomorrow for Iraq”.
NO REPLACEMENT FOR SOLEIMANI
“Three months after Soleimani’s death, the Iranians are still unable to find a replacement for him,” National Salvation Front leader and former Ninawa governor Atheel al-Nujaifi told Diyaruna.

“What exacerbates the predicament for Iran is that the financial support it was providing to the militias loyal to it has declined significantly, which has led to clear disarray among the members of those armed factions,” he said.
“The months-long demonstrations in Iraq reflected much of what is in the hearts of Iraqis, most significantly that they reject Iranian tutelage and interference,” he said, adding that Soleimani understood this before his death.

Iraqi political affairs researcher Ahmad al-Hamdani told Diyaruna that Iraq has witnessed “remarkable changes since Soleimani’s demise”.
“At the political level, despite the fact that there is a crisis over the government’s formation, it is notable that Iran has for several months been unable to impose its will or its opinion,” he said.

“There are MPs and blocs whose voices are growing louder and more nationalistic,” al-Hamdani said.

“Even the decision to close the border with Iran, as part of the measures taken to prevent the spread of the coronavirus, was one of the increasingly more independent decisions being made by Iraqi authorities,” he noted.
Iraqi nationalism on display

Border crossings and trade were key issues to Soleimani, and his insistence that Iraq keep importing goods from Iran, ensuring Iran’s access to hard currency, impeded the growth of Iraqi industry and agriculture, al-Hamdani said.

Regarding the general security situation in Iraq, the militias Soleimani founded have become “more fragmented” and are competing among themselves for influence and interests, he said.

Without Soleimani, these militias are “weakened and in disarray”, he said.
The mood on the Iraqi street is that people no longer want to see any force other than the army and police forces enforcing security, he said.
The Iraqi street views these armed groups as having no loyalty to Iraq and as “nothing more than arms or even tails that implement and serve Iranian interests”, he added.

“So the answer to the question of whether Iraq is better off after Soleimani’s elimination is a definite yes,” al-Hamdani said.

“His elimination has created intense fear among the militia leaders who worked under his command that they will meet a similar fate as their leader,” he said.

(Mnt Goat – So after reading this article today I ask you this question- Did president Trump do the right thing killing Soleimani and his other 7 officers in the drone strike? Is this the real beginning of Iraqi independence? )

*************************************************************

ECONOMIST: RESORTING TO THE PRIVATE SECTOR IS A BETTER OPTION TO GET RID OF THE CURRENT FINANCIAL CRISIS

Economist Wissam Al-Tamimi warned, on Wednesday, against continuing to rely on oil to finance the budget, stressing THE NEED TO RESORT TO THE PRIVATE SECTOR TO INVEST IN GOVERNMENT PROJECTS according to agreed time periods.

He added that “RELYING ON OIL TO FINANCE THE BUDGET IS MORE LIKE A TICKING BOMB, as the oil market is unstable and is subject to international paradoxes and global agreements and therefore is governed by state policy and cannot be predicted for its future.”

He pointed out that “many developed countries were not oil and depend on financing their budgets on investment, the housing sector, tourism, border ports and taxes,” stressing the need to “reduce the salaries of employees whose salaries exceed 2 million dinars and in certain proportions to ensure financing new job grades launched by the government and did not find Sources of financing it after the drop in oil prices.

(Mnt Goat – Again this article backs up exactly what I have told everyone that Iraq must get out of the oil business and into the private sector or else. This is literally its last chance to do so)

*************************************************************
THE IRAQI DINAR IS FALLING APART: CORRUPTION AND CORONA ARE JUMPING IN DOLLARS

The turmoil in the Iraqi dinar exchange rate against the dollar recently led to negative effects, which directly affected the business sector and commodities in the markets, which led to the loss of confidence of dealers and investors in the monetary authority.

The decline of the dinar came after the Central Bank of Iraq stopped its activities related to pumping liquidity in foreign exchange to meet the needs of banks and their customers, as it was pumping an average of 140 million dollars or more per day to maintain the value of the currency and support its stability, and stopping the pumping of liquidity led to a jump in the exchange rate of one dollar from 1200 to 1280 Iraqi dinars, amid warnings of the continuation of this rise due to the curfew imposed by the authorities as part of the procedures to face the outbreak of the Corona epidemic.

In the midst of the financial crisis experienced by the world in general and Iraq in particular in light of the collapse of oil prices and the large deficit in the budget for 2020, the government faces great economic challenges, most notably the difficulty that the central bank can maintain the value of the dinar against the dollar because of the corrupt control of the auction of selling currency, according to What officials and economists see.

In an interview with “The New Arab,” an official in the caretaker government said that “the central bank cannot maintain the value of the Iraqi dinar against the dollar by continuing to pump the hard currency to the market, because of the lack of public revenues due to weak demand for oil and the decline in its price.” That “the central bank will have to legalize the sale of the currency for a certain period until oil prices rise again.”

And Iraq, the second largest producer of crude oil in the Organization of Petroleum Exporting Countries (OPEC), with an average daily production of 4.5 million barrels per day.

The official, who preferred to remain anonymous, added that “continuing to hold auctions to sell currency and pump tens of millions of dollars per day to preserve the value of the dinar leads to great risks for the country’s economy, and it is better for the central bank to cancel the currency auction and install its local currency, since most of the beneficiaries are Of these auctions are not businessmen and merchants, but banks, banks and private sector companies dominating the market, a large part of which has been transferred out of Iraq.

He pointed out that the central bank has succeeded in recent years in achieving the stability of the dinar exchange rate and improving it in relation to the dollar and other currencies by stabilizing the price of the local currency and defending it, but the current collapse in oil prices, and consequently, the country’s financial returns are completely different from the crises of past years.

According to the official, “There are daily discussions TO REACH A ROAD MAP THAT ENABLES THE COUNTRY TO MAINTAIN AN ACCEPTABLE EXCHANGE SECRET OF THE DINAR AGAINST THE DOLLAR.”

The central bank sells between 140 and 160 million dollars to public and private companies and banks, as part of a plan adopted since 2004 to control the exchange rate of the dinar and prevent its collapse in the market. The CENTRAL BANK ONLY ALLOWS COMPANIES AND LIMITED BANKS TO ENTER THE AUCTION AND BUY DOLLARS, amounting to less than 50 banks and financial companies that are licensed by the central bank, all of which are private or private.

For his part, Professor of International Economic Relations at the Iraqi University, Abdul Rahman Al-Mashhadani, said in an interview with “The New Arab” that “canceling the currency auction is very difficult, because the goal of the currency window is to finance imports in the private sector.”
According to Al-Mashhadani, 90% OF THE COUNTRY’S CONSUMER NEEDS ARE SECURED BY IMPORT BY THE PRIVATE SECTOR, which means that CANCELING THE CURRENCY AUCTION WILL LEAD TO A MAJOR DISRUPTION IN THE PRICES OF IMPORTED GOODS. (unless you allow the dinar to be used in trade internationally)

Al-Mashhadani stressed that “THE CURRENCY AUCTION IS A DRAIN ON FOREIGN EXCHANGE DUE TO ITS ASSOCIATION WITH PROMINENT POLITICAL FIGURES,” pointing out that 15% of Central Bank sales through the auction go as money laundering in various ways and methods and are transferred outside of Iraq. He pointed out that the best way for the central bank to follow is to legalize the sale of hard currency as much as possible to maintain the value of the dinar and foreign exchange reserves.

For its part, Ayat Muzaffar, a member of the Iraqi parliament from the “victory” coalition led by former Prime Minister Haider al-Abadi, attributed the causes of the economic collapse and the value of the dinar against the dollar to the wrong financial policies pursued by the Adel Abdul-Mahdi government.

Muzaffar said, in an interview with the “New Arab”, that “BAD MANAGEMENT AND FISCAL POLICY FLOUNDERING THE HEAD OF THE CARETAKER GOVERNMENT, Adel Abdul Mahdi, and its indiscriminate spending on the state budget, is one of the main reasons that led to the economic collapse of Iraq, and to an unprecedented financial deficit is expected to it is, if oil prices continue to decline, about 80 trillion dinars.

(Mnt Goat – oh but I thought Allaq the governor of the central bank was doing such a great job? I guess this reinforces what I have been saying all along that he really does not know crisis management of the fiscal policy and is not that good for Iraq. They need a much stronger manager for their monetary policy for Iraq, someone like Dr Shabibi)

She explained a member of the Iraqi parliament that THE CENTRAL BANK SPENT A LARGE PART OF THE CASH RESERVE FOR THE PURPOSE OF STABILIZING THE DINAR PRICE AGAINST THE DOLLAR, WHICH LED TO THE DEPLETION OF THE CASH RESERVE, and then the central bank will lose over time its ability to maintain the par value of the dinar.

She added that “THE GOVERNMENT’S FLOP SEEMED CLEAR WHEN THE HEAD OF THE CRISIS CELL TALKED ABOUT THE POSSIBILITY OF IRAQ RESORTING TO PRINTING THE CURRENCY.” An easy amount until there are surplus sums that increase the demand for goods and services so that the producers increase the production.

As for the other reason, according to Muzaffar, THE PRINTED CURRENCY MUST BE EQUAL TO THE NATIONAL PRODUCT, while stressing the need to preserve the monetary reserve of the central bank through its reliance on a flexible policy THAT TAKES INTO ACCOUNT THE EMERGING POLITICAL AND ECONOMIC CONDITIONS OF THE COUNTRY.

And at the end of last March, the rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said that “the central bank reserves reached 87 billion dollars, and this sum includes cash and foreign currency and also gold bars.”

(Mnt Goat – So we know that there has been a change in the currency auctions in the way the distribution of dollars is made. No longer are US dollars physically given out but rather the merchant must submit paperwork as to who is the seller of the goods or services. Then the bank only ‘electronically’ send sends the funds for payment. This was banks or organizations on the terrorists list will not be able to receive any funds from Iraqi banks. This is slowing down the transfer or CBI reserves to Iran though these auctions. But this is only one source of funding Iran (the largest source) there are many more that must be addressed.)

*************************************************************

Articles End

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 and work to bring about abundance and prosperity to their nation.

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

To bring all those corrupt to justice and pay for their crimes no matter how high up in the government they are.

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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