April 6 & 8, 2021 Mnt Goat News Brief
I bring you much news today.
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As usual, remember that for going on 8 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of understanding that all of us do have the time to go our and research. We are busy with our jobs and raising our children. So, I try to help out. But remember I too am very busy in my daily life running a gasthaus and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.
Summers usually are our busy time of the year here at the Gasthaus. Last summer was disastrous due to the pandemic. We almost had to close our doors forever. But many of you stepped up and helped out. We have exhausted our savings. Winter too is usually our second season but this year they are keeping this pandemic alive even though it is not a reasonable thing to be doing for practical sense and for health reasons. But they persist now evident only out of a lust for more control and power. The ski slopes are practically bare and the towns are very quite unlike all the years I have lived here. It is scary. The elders say it is like during the war even when Hitler came into power. You can almost even feel the evil surrounding us. I will tell everyone now that if this summer 2021 is as bad as summer 2020 we will not make it without some kind of help.
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 80% of our business is now gone due to travel restrictions.
The following kindly need to go in to PayPal and cancel your “Money Transfer” (Request) as you need to “Send Money” instead and not “Money Transfer” a money transfer is a request to ask me for money:
If these money requests are not cleaned up and deleted, I will start publishing your full names for all to see.
Well, well hello! Finally I can publish my newsletters once again. Seems Facebook censored me for the last time. They blocked my site and I could not even comment to you to tell you where I was. I miss everyone of you!
This was a shame! Yes, shame, shame, shame on these blockers of our 2nd Amendment rights of Free Speech. But I am hear now. I hope to figure out next how to publish my video sets. I have my daughter along with George working on it now. So for now we have the newsletter back and that is a grand beginning…:. Thanks everyone for you monthly support and I hope you will not forget me this month.
So what is hot in the current news?
The 2021 budget is passed and ratified by the president already. To complete the legality of the law, they must now publish it in the gazette then they can open it and spend it. Will we get the RV / RI in this process?
Currently we have many articles on the status of the effort to get the reform plan completed. The Finance Minister, Allawi said, according to a statement issued on Thursday April 8th, that the committee’s actions and steps will contribute to BUILDING A SOUND AND STABLE FINANCIAL SITUATION FOR THE COUNTRY, which will enhance the approach of preparing budgets for the coming years within the available financial resources to address the lag in strategic projects in the governorates.
So again I have to say I would not expect the RV / RI until the USA gets it act in order and the corruption ends in their government. Trump MUST come back and the voter fraud and other scams exposed. The prophets tell us this is coming and coming VERY soon. Just hang in and PRAY. This is all we really can do at this point. I do know with the utmost certainty that God is hearing our faithful prayers and he is acting to help up out of this mess.
The World Gold Council said, on Wednesday, that Iraq has maintained its 38th position in the world’s largest reserves of the precious yellow meta.
(with all the other resources plus the gold no one is going to tell me that Iraq is not RICH. So why the low rate? Its called “CORUTPION”)
SALEH APPROVES THE GENERAL BUDGET
On Thursday, the President of the Republic, Barham Salih, ratified the federal fiscal budget law for the current year .
Saleh said that approval comes to secure the necessary needs of our people, and to finance the salaries of employees and retirees and the necessary government expenditures, in a way that achieves social justice for all regions of Iraq and all segments of society.
(Finally we get the 2021 budget passed and ratified. Now what? Some of the gurus say this had to be done in order to see the RV. Really? There is no indication that this HAD TO BE DONE to see the RV. The CBI has not confirmed this RUMOR. But we know that in order to move ahead with the reforms, as they now say in today’s article, that they intend to do, they will need to complete the project to delete the zeros as part of this reform process. Remember these tasks/projects, as part of the reform process, are all in the “white paper”. This white paper is the plan for the next 5 years for Iraq. So we don’t know exactly when they will complete the project to delete the zeros. However if they are really going to complete all the infrastructure projects they will need investors to come and participate. These investors will want to take home $$$ profits. Cetainly 1/8 of a penny value per dinar hardly says profitable.)
CENTRAL BANK GOVERNOR MUSTAFA GHALEB MAKHIF AND BRITISH AMBASSADOR STEPHEN HICKEY DISCUSSED THE NOTICEABLE INCREASE IN THE CENTRAL OF IRAQ RESERVES
Central Bank Governor Mustafa Ghaleb Makhif and British Ambassador Stephen Hickey discussed the noticeable increase in the bank’s reserves
The bank said in a statement, “The Governor of the Central Bank of Iraq Mustafa Ghaleb Frightening UK ambassador received in Iraq Stephen Hickey Today, Thursday, the meeting dealt with several matters, including the noticeable increase in the foreign reserves of the Central Bank of Iraq
The statement added, “The ambassador emphasized that the significant increase in the bank’s foreign reserves supports the economic situation in Iraq.” Iraq and puts it in a good and stable stage. “
The governor and the ambassador visited the new building of the Central Bank, which was designed by the late architecture,” the statement noted Zaha Hadid. They were briefed on the stages of development,
as the ambassador indicated that the new central bank statement would be a qualitative addition to the capital Baghdad.
(Remember when Dr Shabibi wanted to RV and Reinstate the dinar the reserves were just about 90 billion USD. So maybe this plan to devalue the dinar now is to also build up the reserves? If so, it is working. So what comes after the reserves significantly increase?)
Formal Articles are below. My comments are now in RED colored fonts and are in brackets ( ) throughout the articles.
ECONOMIST: THE INTERNATIONAL MONETARY FUND SUGGESTED TO IRAQ THAT THE EXCHANGE RATE SHOULD REMAIN AT 1130
The economist, Hakim Al-Adly, said on Monday that the government’s insistence on keeping the exchange rate at what it is in the budget at 1445 is illogical.
Al-Adli said, in a statement to the information agency, that “what the exchange rates have witnessed from rising may prompt the Iraqi citizen to return to the days of selling window curtains and house doors in order to provide a livelihood for children in light of the obscene price that Iraq will accept when the price of 100 dollars reached 150 thousand Iraqi Dinar”.
He added, “The government’s insistence is illogical regarding the dollar’s exchange rate remaining as it is, and there is no justification for its survival, especially since the International Monetary Bank Fund suggested to Iraq that the dollar price be at the limits of 1130 dinars and not as approved in the budget at 1445.”
He pointed out that “the coming days may witness a big jump in prices, and it is likely that they will increase when the budget reaches the Presidency of the Republic and is approved,” indicating that “we will not be surprised if the dollar price reaches 1550 dinars, as it is a government desire to exhaust the citizen.”
(just remember this devaluation is TEMPORY. We have read already the reasons why they the CBI is doing this. Yes, it’s hard on the citizens in the short run but in the long run they will thank the CBI for the efforts in finally making the hard choices to actually help the country move ahead. Remember they have a new director of the CBI now….. The other crack pot is gone! )
AN IRANIAN REPORT WARNS OF IRAQ’S INSISTENCE ON THE DECISION TO AMEND THE DINAR EXCHANGE RATE!
An Iranian report warned that the Central Bank of Iraq would proceed with the decision to adjust the exchange rate of the Iraqi dinar against the dollar, while it included a list of tweets transmitted from accounts related to the factions, calling for a reduction in the price of the dollar inside Iraq.
The report published by the semi-official Iranian channel Al-Alam and followed by “People” (March 22, 2021) quoted economic experts – whom he did not name – that the decision to amend the exchange rate of the dollar “restructured the banks because they do not participate in the currency auction and that the coming period may witness a merger process.” For banks with each other. ”
The report used tweets from accounts and “mob” figures who organized a campaign against the decision to amend the Iraqi dinar exchange rate against the US dollar.
Officials in the Iraqi government say that the decision to adjust the exchange rate has harmed the interests of many parties that were exploiting the auction of selling dollars to inflate their fortunes by using “banking interfaces” accused of facilitating the exit of hard currency outside Iraq.
The government also bets that the decision will, in the medium term, contribute to the recovery of agriculture and national industry, and reduce imports from neighboring countries and others.
AFTER 18 YEARS OF CHANGE. THE ECONOMY IS LIBERATING AND LEAVING THE WAR.
Economists, among other development transformations, which Iraq was able to achieve after 2003, stressed that the elimination of the “war economy” that hindered the lives of the Iraqi people and deteriorated their stability, a clear shift towards a market economy, openness to foreign investment, and an end to the unbridled inflation that led to the collapse of the value of the dinar, is the most important achievement that Iraq has been able to achieve. In addition to many economic achievements, which have contributed to the high rates of sustainable development, and led to Iraq being an important investment kiss for many of the world’s largest companies, but economists have diagnosed a number of points, which they stressed are still without real treatment, putting at the forefront of those points, increased unemployment rates, high poverty rates and population pressure, whose landscape is constantly complicated.
REMOVING THE EFFECTS OF WARS
The Prime Minister’s Financial Advisor, Dr. Mazher Mohammed Saleh, said during his speech to «Morning» that «the return of Iraq and its economic and financial integration with the global economy, and the removal of the effects of the economic embargo due to previous wars, including the exit of Iraq from Chapter VII of the Charter of the United Nations, all points that turned Iraq after 2003 from the economy of war to an economy of Peace.”
Saleh, the Paris Club Agreement signed in November 2004 with the international financial community with its governments and financial institutions, is at the forefront of important economic events, in which Iraq was granted the privilege of writing off 80 percent of pre-1990 debt (cancelled or become law under cancellation) estimated at $100 billion out of a total debt of about 128 billion dollars Dollars.”
Ending the era of unbridled inflation, one of the important transformations of the Iraqi economy, as the prime minister’s financial adviser says, stressing that «that inflation reached its annual averages by about 50 percent or more before 2003 to fall to a rate of only 6 percent at the end of the first decade of the current 21st century, which strengthened the standard of living of individuals through the stability of the purchasing power of the dinar The Iraqi.”
“The annual per capita gdp increased from $750 per year before 2003 to nearly $6,000, an important achievement that contributed to the recovery of the economic situation,” Saleh said.
For the individual.
He pointed out that salaries, pensions, government pensions and social welfare aid, which currently include nearly 8 million Iraqi citizens, are about seven times higher than their pre-2003 rates, and the number of beneficiaries has increased by about five times per segment.
FISCAL POLICY SUCCESS
“The success of fiscal policy after 2003 in building the joints of stability and economic prosperity, as well as the success of this policy for the first time in the history of Iraq “according to the chancellor” in providing a rating of creditworthiness to Iraq, and since 2015 for the first time in the country’s history Financial. Iraq has a good and stable credit rating at the current level of B.”
CENTRAL AND STABILITY OF THE DINAR
“The central bank’s monetary policy succeeded in imposing stability on the Iraqi dinar at its internal and external value, and granted the freedom of external transfer of all legitimate operations, which serve the movement of trade and business in return for the ability to build reserves in foreign currency, whose balance is more than 30 times higher than before 2003, and is managed in a large secure investment portfolio,” Saleh said.
For Iraq,” he said.
Agricultural activity has also continued to be supported, according to the government adviser, particularly the grain production sector, where farmers are supported by prices, to encourage them and to enhance national food security, as cultivated land has doubled from 6 million dunums to more than 11 million dunums today thanks to this support, water control and marketing Regular.
THE REALITY OF THE ECONOMY
“No one can deny that there has been a change in the reality of the Iraqi economy and the international outlook on Iraq, and a number of things have been achieved,” said Raed Abdul Sattar, vice president of the Iraqi Federation of Industries.
The economy of families has seen a clear improvement, and this indicates the percentages of excessive consumption in many times,” pointing out that “the ambition of the economic circles is greater than achieved, where Iraq can be a new economic tiger on the scene of the world economy, qualified for this place and seriously, because of its wealth and geographical location and effects of interest to most of the world’s population but Most of them.”
He pointed out that “the change has happened but what is required is that the movements of work in Iraq be escalated benefiting the country and the economies of the region and the world, where there is a correlation between a global Iraqi achieving integration that is almost not achieved in other countries, pointing out the importance of moving towards correcting the paths that lead to the activation of the national economy, and help to start to develop the industrial and agricultural sectors, and address population pressure, unemployment and other problems.”
Member of the Baghdad Economic Forum Hadi Zubeidi said: «The economic arena after 2003 witnessed a wide spread towards the establishment of economic forums, aimed at contributing to the drawing of a road map for economic transformations, witnessed by the country highlights this phenomenon in the country in the most urgent need to develop the joints of south work Al-Watani.
He pointed out the imperative of active contribution in saving our economy from its challenges, and the most prominent of these blocs is to move away and not change concessions towards a particular specialty, but to work to activate the most important projects and the extent of their contribution to achieving quick returns and directing loans towards them, in order to contribute to reducing the dependence on imports that drain the currency.”
Dr. Amr Hisham, academic, focused on “the importance of extinguishing the debt registered against Iraq to various international actors, and said: “As a result of the successful negotiations led by Iraq in extinguishing its foreign debt, he was able to reduce 30 percent of the debt of the Paris Club when the agreement was signed and a 30 percent reduction when signing with the International Monetary Fund on economic reform and a 20 percent reduction conditional on the submission of an IMF report supporting Iraq’s creation with his obligations.”
He added, “The debts of the Arab Gulf countries, although most of them are grants or loans without interest, but they demanded them, except for the United Arab Emirates, which has 100 percent debt, Iraq has committed as a indebted country to pay its foreign debts and succeeded, as the external debt department in the Ministry of Finance has followed up on the procedures for settling the commercial debt of the foreign sector, and the adoption of this sensitive file is one of the most important economic achievements that benefited the country after the events of political change For 2003.
(This article is all super fantastic news for all of us today. Remember that sometimes in order to see the needed level of prosperity you must make the necessary hard choices and sacrifices in the short term (such as the dinar devaluation). However in the long-term by making these hard choices they can revise the economy and finally come out of a war torn economy and see the wealth and abundance they so well deserve.)
MINISTER OF FINANCE: THE COMMITTEE FOR PREPARING THE BUDGET STRATEGY AIMS TO BUILD A STABLE FINANCIAL POSITION FOR IRAQ
Mubasher: The Iraqi Minister of Finance, Ali Abdul-Amir Allawi, chaired, on Wednesday evening, the fifth session of the committee for preparing the federal budget strategy for the medium term 2022-2024 AD, in the presence of the advisors of the prime minister, the advisor of the minister of finance, the deputy minister of planning, directors of the general ministry, and other ministries.
Allawi said, according to a statement issued today, Thursday, by the Ministry of Finance, that the committee’s actions and steps will contribute to building a sound and stable financial situation for the country, which will enhance the approach of preparing budgets for the coming years within the available financial resources to address the lag in strategic projects in the governorates .
The minister affirmed that long-term goals will be easily linked with future budgets. To provide preparation tools and procedures for financial departments and to prioritize activities to achieve strategic objectives of projects in proportion to the country’s financial revenues.
The committee discussed a brief report that included completed and unfinished investment projects, in addition to projects that are lagging in most governorates, in addition to discussing contractors’ dues and methods of scheduling them .
The committee completed the meeting’s agenda, which included several paragraphs; Including with regard to financial and economic matters associated with other ministries
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.
“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, our minds and our children.
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… 😊 )
Much love to ya all,