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Mnt Goat Begs For Money...And News Brief 11/5/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Mnt Goat Begs For Money...And News Brief 11/5/20

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Mnt Goat Begs For Money...And News Brief 11/5/20 Empty Mnt Goat Begs For Money...And News Brief 11/5/20

Post by RamblerNash Thu Nov 05, 2020 9:11 pm

Hi Everyone,

I bring you much news today.  

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https:// paypal.me/ MntGoatNewsletter?locale.x=en_US

As usual, remember that for over 7 years, I have taken my own time from my gasthaus business to research and document findings about the revaluation of the Iraqi dinar. Please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Whatever you can afford will be helpful in this time of Covid where nearly 50% of our business is now gone due to travel restrictions.

I hardly have the words to thank everyone who is supporting my newsletter efforts with all your ongoing gifts. Thank You, Thank You and Thank You again. This has made a huge difference in our lives.

More news….

Marxist UN Leader calls for RESET. One Archbishop’s response.

https://www.facebook.com/ notes/ latest-mnt-goat-news-letter/marxist-leader-in-un-calls-for-reset/906355569771454

More news….

ELECTION 2020

What can I tell you about the election that I have not already told you.

I believe Trump will serve yet another term. It is written in the prophecies. I do not know how it will happen but I assure you God is with Trump. All you Trump haters better wake up to what God is telling us. It is truly time to make America Great Again and keep it great. How is socialism going to make America great? We have see already 30 years since the early 1990’s the plot to destroy America. Please research this socialism movement for yourself. It is not a good thing.

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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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Articles Begin

A DECISIVE AGREEMENT THAT SOLVES THE CRISIS ... PASSING THE BORROWING LAW AND LAUNCHING SALARIES NEXT MONDAY

An informed source said, Wednesday (November 4, 2020), that the House of Representatives will vote on a bill to .finance the fiscal deficit, next Monday The source said in an interview with (Baghdad Today), "The fiscal deficit law, or what is called (borrowing), will be ".passed next Monday within the House of Representatives.

He added, The salaries will be disbursed on the same day that the vote on the law submitted by the Ministry of Finance is done.

He pointed out that "these data come after the government and parliament agreed to proceed with the legislation of the law and solve the crisis of late salaries," without disclosing the conditions for passing the law, or the exact amount .for borrowing It is scheduled that the House of Representatives will hold its session next Saturday, after the inclusion of a discussion and reading paragraph of the Fiscal Deficit Financing Law on its agenda.

The Minister of Finance, Ali Allawi, confirmed, earlier, that when parliament votes on the borrowing law, employees salaries will be paid directly, but if the law does not pass, the salaries will likely be distributed after two weeks Yesterday, Tuesday, Ahmed Mulla Talal, a spokesman for the Prime Minister, Mustafa Al-Kazemi, said that the latter had contacted the political blocs in order to complete the vote on the borrowing law, so that salaries would be paid.

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AN AMERICAN REPORT: AL-MALIKI'S FORTUNES ARE DECLINING IN FRONT OF MUQTADA AL-SADR .. THE CRISIS WILL IGNITE SOON!

Although the constituencies complex was resolved in the election law, pitfalls that may hinder the holding of early elections still remain, according to a press report.  

The report, published by the American newspaper "Al-Monitor" and translated by "People" (November 4, 2020), states that "holding elections requires the completion of the Federal Court Law, as this court will be responsible for approving the election results and submitting a huge financial budget to the High Electoral Commission amid the economic crisis."

The stranglehold the country is going through since the beginning of this year.  The report stated, "Overcoming the most important obstacle in the election law does not necessarily mean that this law will not be amended. Even if the president approves the law, objections and amendments will appear again," stressing that "there is a need for an appropriate security environment, and it should be disarmed." Militias in order to create the right atmosphere for the electoral process and to prevent the possibility of intimidating voters or assassinating candidates. "  

The following is the text of the report:  

The Iraqi parliament has managed to overcome the constituency hurdle that obstructs the legislative elections law, as the final version was passed on October 29, amid major objections from some traditional political parties.  

The election law should be sent to the President of the Republic to become formally enforceable. This would pave the way for early elections scheduled for next June.  

(Mnt Goat – it is just a matter of time. God is going to give this bastard just what he deserves.)

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THE STRENGTH OF THE IRAQI DINAR BETWEEN THE CENTRAL BANK AND THE IRAQI ECONOMY

IRAQI DINAR IS AT THE BOTTOM

To begin with, we must bear in mind that the strength and weakness of the currency do not always express the true strength and weakness of the economy, as the strength and weakness of the economy express the real strength and weakness of the dinar.

The currency may be strong, but it does not express the strength of the economy, meaning the economy may be weak; As in the case of Kuwait, and on the other hand, the economy may be strong, but the currency is weak, as in the case of China. Here, the weakness of the currency stems from the strength of the economy and not from its weakness, as will be shown below.

The Kuwaiti dinar is the strongest currency among the world's currencies, as it is worth more than 3 dollars, but does the strength of the dinar express the strength of the Kuwaiti economy ?

Most of the economic indicators point to the weakness of the Kuwaiti economy, due to its excessive dependence on oil, which has become the main engine of the Kuwaiti economy.

As oil accounted for more than 48% of the GDP, more than 89% of public revenues and grants in 2018, and more than 89% of commodity exports in 2017 [ii]. These ratios indicate the reliance of the Kuwaiti economy mainly on oil, which made it a weak economy because dependence on oil in the main makes the economy unstable and volatile and cannot meet the local demand, so it becomes subordinate and mortgaged to the outside world and lacks economic sustainability, and the currency is strong due to oil dollars not by the strength of the real economy Therefore, currency strength does not always express the strength of the economy.

The weakening of the Chinese yuan and the strength of the economy

On the other hand, we find the Chinese currency weak, being equivalent to 0.14 US dollars, or 14 cents of a dollar. Is this weak Chinese currency reflects the weakness of the Chinese economy ?! Of course not, as the Chinese economy is at present one of the emerging economies and competes with the largest economy in the world, which is the US economy and deservedly.

At a time when the gross domestic product of the US economy reaches 21 trillion, the GDP of the Chinese economy reaches 14 trillion dollars in 2019 [3] and most of the forecasts indicate that the Chinese economy will occupy the top position during the next few decades and move the United States of America to the third place and perhaps even further, by virtue of The accelerated Chinese growth, which will result in the Chinese output exceeding the threshold of 55 trillion US dollars in 2050, while the US output will not exceed 35 trillion dollars for the same year. Is an economy of this magnitude expressed in a real weak currency? !!

The weakness of the Chinese currency did not express the weakness of the economy as much as it expresses its strength, as the Chinese economy has a large workforce that is reflected in low wages and lower prices for its products, in addition to the state’s control of the currency’s value to make it more suitable for foreigners. Chinese exports have increased and the importance of the Chinese economy as a whole has become It is of great importance in the global economy.

The strength and weakness of the currency do not always and genuinely express the strength and weakness of the economy as much as the strength and weakness of the economy always and truly express the strength and weakness of the currency.

The Iraqi dinar between the Central Bank and the Iraqi economy

Is the strength of the Iraqi dinar stemming from the reality of the Iraqi economy or from the Central Bank of Iraq? If we look at the real economic reality, we will find that the value of the Iraqi dinar is much lower than this value had it not been for the intervention of the Central Bank of Iraq through the currency window, regardless of the doubts that were raised around.

As the Iraqi economy is a weak economy by virtue of its dependence on oil mainly and its lack of economic diversification, as oil constitutes more than 45% of the output, more than 90% of public revenues, and more than 99% of commodity exports, this dependence has led to the neglect of other economic sectors. Finally, this means the absence of economic diversification.

OSCILLATION AND DEPENDENCY

At the time when the first led to dependence on oil; To the fluctuation of the Iraqi economy by virtue of the association of most economic variables with fluctuating oil in its prices, the second led to the absence of economic diversification; To the economic dependence in order to cover most of the local demand from the global economy, which means that the strength of the Iraqi dinar was not stemming from the Iraqi economy because the economy is weak in the first place, so the question arises, what made the Iraqi dinar strong while suffering from a weak economy?

THE CENTRAL BANK SUPPORTS THE IRAQI DINAR

The strength of the Iraqi dinar stemmed from the intervention of the central bank through the currency window, where the central bank entered as a seller of the US dollar and a buyer of the Iraqi dinar, which means reducing the demand for the dollar in exchange for an increase in the demand for the dinar, this process led to an increase in the strength of the Iraqi dinar, or at the very least Preserving the value of the dinar from depreciating, according to what was stated in the white paper, p.20.

Where the Central Bank follows this mechanism by virtue of being the only body that has its vision, management and independence and is responsible for preserving the value of the currency and takes what it deems appropriate to achieve this goal, so it resorted to foreign reserves, of which the dollar constitutes the largest part of it, in order to support the Iraqi dinar and this is what happened The ground already.

THE STRENGTH OF THE DINAR IS NOT REAL

As a result of the stifling financial crisis that Iraq was exposed to due to the decline in oil revenues, which represent the backbone of public finances and the Iraqi economy, and the latter's dependence on the global economy to feed domestic demand that requires more dollars, and just some people proposed reducing the Iraqi dinar as an option to address the crisis and achieve part of stability. The value of the dinar decreased directly against the rise in the value of the US dollar, WHICH MEANS THAT THE STRENGTH OF THE DINAR IS NOT REAL, BUT RATHER ARTIFICIAL, as a result of the intervention of the Central Bank.

This means that the value of the Iraqi dinar was not derived from the strength of the real economy, but rather from the support of the Central Bank, which is a weak force that does not stand up to the economic statements that see devaluation as part of the solution!

THE STRENGTH OF THE DINAR DIVERSIFIES THE ECONOMY

In order for the strength of the Iraqi dinar to be a real force that truly expresses the strength of the economy and withstands economic statements and international crises, work must be done to employ oil wealth in a way that contributes to diversifying the Iraqi economy because economic diversification means meeting domestic demand and EXPORTING THE SURPLUS ABROAD, AND BOTH THINGS LEAD TO INCREASE THE FOREIGN RESERVES OF THE DOLLAR THAT SUPPORT THE IRAQI DINAR, AND THUS THE STRENGTH OF THE IRAQI DINAR IS A TRUE EXPRESSION OF THE STRENGTH OF THE IRAQI ECONOMY.

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THE PRESIDENT OF THE REPUBLIC RATIFIES THE ELECTION LAW

November 5, 2020 Walter

2020-11-05  

Shafaq News / The President of the Republic, Barham Salih, approved, on Thursday, the election law that the parliament voted earlier.

The Presidency of the Republic announced that Saleh will deliver a speech to him this afternoon during his ratification of the law.

Yesterday, Wednesday, Deputy Speaker of the Iraqi Parliament, Bashir Khalil Al-Haddad, confirmed that passing the election law and its appendix would pave the way for passing the Federal Court law.

And Hassan Al Kaabi, First Vice President of the Iraqi Council of Representatives, signed the first Tuesday on the amended version of the Iraqi election law, to be sent to the Presidency of the Republic for approval.

The Iraqi Council of Representatives (Parliament) completed the end of last October to vote on electoral districts in the legislative elections law.

According to the new election law, the distribution of electoral districts is as follows: 17 in Baghdad, 8 in Nineveh, 6 in Basra, 5 in Dhi Qar and Sulaymaniyah, 4 in Babylon, Anbar, Arbil and Diyala, and 3 each in Kirkuk, Najaf, Salah al-Din, Dahuk, Diwaniyah, Karbala and Wasit And Maysan, and two seats in Muthanna.

The article on electoral districts was the most prominent controversial paragraph between the political blocs, and it took months to agree on it.

And relies on the new election law to organize early parliamentary elections on the sixth of next June.The Iraqi Prime Minister, Mustafa Al-Kazemi, announced (06-08-2020) that the parliamentary elections will be held on   June 6 , 2021, pledging to provide international monitoring of the electoral process.

AL-KAZEMI’S ANNOUNCEMENT OF THE ELECTION DATE WAS GREETED BY AN INTERNATIONAL WELCOME AND A PLEDGE OF SUPPORT, and work on its success, but the positions of the political blocs are still vague and divided about the date and mechanisms for holding the elections.

(Mnt Goat –maybe the USA needs a new election law?)

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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 is working in the battle against the corruption of Iran in Iraq, the corruption of the democrat party in the USA and the corruption of the labor party in the UK. Yes, your prayers ARE WORKING. God has guided these patriotic men and women on this new battle field. It is a battle for the mind filled with propaganda and lies. He has guided the honest, patriots of Iraq, the USA and the UK to fight for their homeland.

So, this new war now on our citizens is underway. 3 corrupt countries, 3 heroic men and 3 miracles. God’s Hand At Work!

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. It is a battle against this crooked idealism of globalization and a One World Government of enslavement.

We must keep praying for the end to the rapid corruption and enslavement of people. 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. That they may listen to the Holy Spirit for guidance in fighting this war on us.  

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 or politics they are.

To end the corona virus “man-made crisis” and to awaken people everywhere of the dark side and the tools it will use to gain power and control.

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”  

P.S. (Please if you can – say the rosary every day. You can do it while you take your daily run or walk. You can do while you lie in bed in the morning or nighttime before sleep. You don’t even need a set of rosary beads as you can use your ten fingers ...lol..lol..lol… )

Auf Wiedersehen

Much love to ya all,

Mnt Goat
RamblerNash
RamblerNash
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