April 20, 2021 Mnt Goat News Brief
I bring you much VERY news today. …ding dong the wicked witch is dead!
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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:
Warner A. ,Diane H.,William B.,Paul C.,James W.,Charles F.,Vickie G.
Iraq’s Ministry of Planning said the country’s poverty rate has increased to about 27 per cent after the central bank devalued the Iraqi dinar against the US dollar, the official al-Sabah newspaper reported. Doesn’t this sound like the CBI is taking steps to bring Iraq backwards and not forwards? Then why do they say over and over again they are moving the country ahead? This does not sound like “implementing reforms” if you ask me.
To answer these questions, we must take an indebt look down the long-term road and not get caught up in the short-term. Yes, if you were an Iraqi you would be “pissed off” at your government and the CBI for taking such a large devaluation. You would complain and complain because your life is directly impacted. But I can assure all my readers today that there is a main driving force and a purpose for the devaluation. It is beyond what they want to tell the average citizen.
So, the latest on the budget it that it is now, passed, ratified and published in the gazette…all done. They are waiting for the spending part. To spend the budget, they will need to allocate the funds from the CBI to the ministries. They have not yet done that so they have not yet “opened” the budget, if you want to get technical. Remember what I told you? If they open the budget and begin to spend it and we do not see the RV at the same time or very shortly afterwards, they be are hosed again. No RV!
What do I believe will happen?
I will base my beliefs on FACTS and then you too can draw your own conclusions. I have presented the FACTS to you in my recent newsletters. Have you been reading them and absorbing the news? Are you learning anything?
My opinion means absolutely NOTHING unless I can back it up with FACTS.
So, what are the FACTS?
We know that the CBI just told us their goal is to go from 60 billion to 90 billion in their CBI reserves. Just since the December devaluation they have increased the reserves by almost 20 billion (4 months timeframe). This was one reason for the devaluation. But we know that the IMF has told us that at between 45 -50 billion Iraq is financially stabilized.
They also told us that the IMF and the World Bank were instrumental in this process. We also know that corruption was ramped in Iraq as many of the politicians are Iranian puppets. The money laundering through the currency auctions was killing Iraq. Now they told us this under control. How did this happen?
Remember way back when Ali al-Allak, the former governor of the CBI, told us that there were political forces keeping the CBI from controlling the corruption in these auctions. So how did they suddenly figure all this out to curve the corruption? Could the re-assignment of the new governor of the CBI last fall have anything to do with it? Sure it did! And so how did he fix the currency auctions when the former governor could not? Its called “sacrifice”. They sacrificed the dinar in the short-term for the long-term financial goals. They devalued the currency. This was something the former governor was unwilling to do as I believe he too was an Iranian influenced puppet. But he is now gone. Let’s all sing the song from the Wizard of Oz …ding dong the wicked witch is dead….lol..lol..lol..
This scene from the Wizard of OZ may seem funny to us but doesn’t it have so much relevance today in may aspects both in Iraq and in the USA?
I am now being told by my CBI contact that they are moving ahead aggressively with the RV and will replace the older larger 3 zero notes very soon. This means to us RV time! Do you like RV time? Let’s all hang on to our hats. This is going to be a very interesting month ahead. We could end up rich at the end of the ride.
But where is president Trump?
Again, hang on to your hats. I believe we are also only months away from some startling news in this area too. The USA can not take too much more of this socialist bullshit. Recently we had Maxine Waters once again insurrecting riots and destruction in our cities over this racial card they keep trying to push on us. Isn’t it ironic how they could try to impeach Trump for accusations of insurrection yet she is doing the very same thing (along with her other fellow democrats) and yet nothing is done about it in Congress. We also see the same over the years leading up the 2020 riots of BLM and Antifa. Will they finally crack down on these anti-American ex-patriots? They are nothing but agitators, traitors and communist sympathizers who have entered our government. We know their purpose too, don’t we.
Let’s keep the prayers going. If you don’t know what to pray for try my prayer at the end of each newsletter. The daily rosary always helps too. God Bless everyone.
OIL IS RISING QUICKLY
Bloomberg expects the price of a barrel of oil to rise to $ 74 … and talks about the reason and the timing.
(This is very good for Iraq. The CBI needs to increase their reserves to about $90 -100 billion USD. This will facilitate this effort much sooner than later)
US TREASURY LIFTS VIETNAM, SWITZERLAND FROM CURRENCY MANIPULATOR LIST
(4/16/21) AP News
The U.S. Treasury has removed Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December.
In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday that no country currently meets the U.S. criteria as a manipulator. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be under enhanced monitoring.
The Treasury did not designate China as a currency manipulator, something the Trump administration had done in 2019 during a tense trade stand-off with the world’s second largest economy.
The Treasury said Vietnam, Switzerland and Taiwan would be subject to “enhanced engagement” over currency issues, a lower designation that does not carry immediate risks of U.S. trade sanctions.
(We need to see this also now for Iraq, prior to the RV. Remember for us to go to the bank and exchange our dinar Iraq will have to be out of US Treasury, OFAC sanctions. These are not IMF or UN sanctions. They are strictly US sanctions put on the financial and banking sector dealings with Iraq.)
IRAQ IS OUTSIDE THE UK’S RANKING OF HIGH RISK COUNTRIES
Within the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Terrorist Financing in developing the business environment within the international compliance standards for combating money laundering and terrorist financing, “The British Treasury in the United Kingdom Government Department did not include the name of the Republic of Iraq among the lists of high risk countries according to Resolution No. 392 of 2021. “
(Folks with yet another WOW article of the week)
ADVISOR AL-KAZEMI: FLOATING THE CURRENCY LEADS TO THE COLLAPSE OF THE IRAQI MARKET
Mazhar Muhammad Salih, Advisor to the Prime Minister for Financial and Economic Affairs, confirmed, on Monday, that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.
Saleh said that “it is not permissible to float the currency in Iraq because the market will collapse in this case,” indicating that “the entry and exit of hard currency does not enter the market, which is only an exit for it, but the government is the one that brings this hard currency.”
(Salih is referring to dangers if they floated the dinar within Iraq using the program rate not reinstating and then floating it as an internationally traded currency So what he is really saying is that if they are going to float the currency then first reinstate it.)
Saleh added, “If the government withdraws its hand, the supply will stop and the demand increases, and therefore the market will collapse.”
He pointed out that “the problem in Iraq is that the market is asking and that the state is offering, and in the event that the Central Bank does not sell the dollar, it means that all the supply has stopped and there is no other offer. Because demand will be more than supply. “
He stressed that “the state is the bidder in Iraq, and therefore if the state tends to float, this means that there is no supply and thus prices collapse.”
Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.
It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to preserve the hard currency reserves at the Central Bank.
Formal Articles are below. Please see comments in RED colored fonts in brackets ( ) throughout the articles. Also, I separated the articles with asterisks.
GOVERNMENT ADVISOR: THE CENTRAL BANK IS WORKING TO STABILIZE THE DINAR’S PURCHASING POWER
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed the efforts of the Central Bank to work on stabilizing the purchasing power of the Iraqi dinar.
In an interview followed by the information, Saleh said, “The Central Bank is working to meet the desired demand of foreign currency by market forces through the window of monetary policy operations, or the so-called auction, for the purposes of financing foreign trade for the private sector as well as providing a safe level of monetary dollars.”
He pointed out that “the central bank pushed towards the fixed exchange rate with clarity, transparency and ability, with the supply tools in order to lead to stability in price levels, stability of price expectations, a higher degree of certainty in looking at the levels of price stability and reduced transaction risks for market makers and dealers in it.”
He explained that “the monetary policy of the Central Bank seeks to achieve its goals and achieve its goals according to its enforceable law and its quantitative and price tools aimed at stabilizing the purchasing power of the dinar.
An economist identifies 5 factors behind the high exchange rate of the dollar, which has surpassed the 150,000 dinars barrier
Economic expert, Rasim Al-Akidi, identified five factors behind the high exchange rate of the dollar in the local markets, while he stressed that it will not exceed the price of 1550 at the end of this year Al-Aqidi said in an exclusive interview with (Baghdad Today), that “the five reasons are the recent increase in the Central Bank’s sales because there are positive reasons that have led to the rise in the prices of many consumer goods, which pushed the majority of merchants to import, as well as setting a fixed exchange rate ceiling for paying a rate. Not a few citizens are to acquire it again, hoping that there will be an increase in its price as the supply and demand for it continues to increase.
He added that “the increasing demand for certain materials during Ramadan, the flow of loans, the start of new strategic projects, and even the proximity of electoral activity and the injection of political money in large quantities, all of which were factors affecting the rise in the exchange rate in the markets.
He continued, “The exchange rate will not exceed 1550 dinars per dollar, and perhaps a little less during the current year, but it remains volatile in any case .
The local markets for the dollar exchange rate witnessed a remarkable increase in the exchange rate, from last Tuesday until today.
IRAQI MINISTRY OF JUSTICE EXPLAINED ON SATURDAY THE REASON BEHIND THE DELAY IN PUBLISHING THE APPROVED BUDGET LAW.
Shafaq News/ A source in the Iraqi Ministry of Justice explained on Saturday the reason behind the delay in publishing the approved budget law.
The source told Shafaq News Agency that after approving the budget in the Parliament, President Barham Salih Ratified the law on April 8. “However, the Presidium forwarded the budget law to the Ministry of Justice only on Tuesday earlier this week.”
“The budget will be published in the Official Gazette on Sunday or Monday,” he added.
FINANCE: THE BUDGET WILL GO INTO EFFECT SOON
The Parliamentary Finance Committee confirmed that the federal budget law for 2021 will come into effect next week, after its publication in the Iraqi newspaper Al-Waqi’a.
Representative Shirwan Mirza, a member of the Parliamentary Finance Committee, said during a special statement to PUKmedia : The Federal Budget Law for 2021 will enter into force after its publication in the Iraqi newspaper Al-Waqae’i. (it s now in the gazette)
He added: The Federal Ministry of Finance has finished drafting most of the budget instructions and will issue it soon, so we believe that the budget law will come into effect during the next week, including the Kurdistan Region’s share.
He explained: According to the federal budget law for the year 2021, the Kurdistan Regional Government must hand over 460 thousand barrels of oil per day and half of non-oil imports to the federal government, including 210 thousand barrels to pay the dues of oil companies and internal use and deliver 250 thousand barrels to SOMO for export Oil, and in return, the federal government pays the Kurdistan Region’s share, which is 13.9% of the budget, or about 11 trillion dinars.
ECONOMIST: THE GOVERNMENT IS PERFORMING A PLAY ON THE PEOPLE TO ACHIEVE GREAT GOALS
A member of the Khobar Center for Economic Studies, Samir Al-Naji, STATED ON SATURDAY THAT THE AL-KAZEMI GOVERNMENT IS PRACTICING A GREAT PLAY OF LYING AND SHADOWING TO ACHIEVE GREAT GOALS.
“The government practices lies and procrastination in implementing its commitments, and it cannot think and find solutions except by cutting citizens’ livelihoods and taking loans,” al-Naji said in a statement to the agency.
He added, “It is sad and shameful what the Finance Minister said about deductions, imposing taxes, and his claim to support the poor while the only victim was the simple citizen. He noted that “the government practices lying, as it is well aware that basic commodities and foodstuffs have increased significantly compared to the 20% reduction in salaries.”
He pointed out that “Al-Kazemi and his finance minister did not find any ideas about the wages and economy crisis except for borrowing three times, while the next step was the encroachment on citizens’ livelihoods without finding any clear economic solution.
AFTER 16 YEARS OF DELAY … A PARLIAMENTARY COMMITTEE TO MOVE THE OIL AND GAS LAW FILE
The Parliamentary Oil and Energy Committee has opened the Prime Ministry and the Ministry of Oil for the PURPOSE OF EXPEDITING THE IMPLEMENTATION OF AMENDMENTS TO THE OIL AND GAS LAW AND SENDING IT TO PARLIAMENT.
Committee member Sadiq Al-Sulaiti said, according to the official newspaper, that “THE OIL AND GAS LAW IS ONE OF THE MOST IMPORTANT STALLED LAWS, and the Parliamentary Oil Committee has addressed the Prime Minister and the Ministry of Oil for the purpose of expediting the necessary amendments to this law and returning it to the House of Representatives for the purpose of advancing its legislation.”
Al-Sulaiti added, “The law is in the drawers of the government, which is working to complete it, mature it, and treat some of its paragraphs that have objection AND RETURN IT TO PARLIAMENT FOR THE PURPOSE OF INITIATING ITS APPROVAL.”
He explained, “THIS LAW IS THE FUNDAMENTAL SOLUTION TO THE PROBLEMS BETWEEN THE CENTER AND THE REGION, AS IN EVERY BUDGET IT WILL CREATE A CRISIS IN THE MECHANISM FOR SETTLING OIL RECEIVABLES, the mechanism for exporting oil and the mechanism for delivering those receivables and other paragraphs that will be subject to political difference, and may be subject to political auctions as well.”
He pointed out, “The issue does not go beyond being a technical and mathematical one related to revenues and duties and is supposed to be regulated by law,” expressing his hope during the coming period and the remainder of the parliament’s life, that “the government will speed up the completion of this law and return it to Parliament.”
And the central oil and gas law was supposed to be approved since the first year of the adoption of the Iraqi constitution, in 2005, but successive Iraqi governments, with the encouragement of the political forces that formed them, according to observers, have been slow to pass it, like other laws that the Iraqi constitution has drawn its main features, And he left Parliament the power to decide its details through special laws.
(Oil and Gas law implementation….good sign we are about to get this done. Why does this ALWAYS come out just before a decision to RV? Do you see it too? Coincidental…I don’t think so. We know for a FACT this must be done prior to any Reinstatement of the dinar)
IN THE PRESENCE OF THE MINISTERIAL … THE PRESIDENCY OF PARLIAMENT WILL MEET TOMORROW TO DISCUSS THE IMPLEMENTATION OF THE 2021 BUDGET
The Presidency of the Council of Representatives will meet tomorrow, Monday, to discuss the implementation of the financial budget for the current year 2021, in the presence of the Ministers of Planning and Finance.
The Media Department of the House of Representatives stated, “Under the auspices of the First Deputy Speaker of Parliament, Hassan al-Kaabi, and in the presence of the Ministers of Planning and Finance and the advanced cadre in the two ministries, the Iraqi Council of Representatives, in cooperation and coordination with the Regions and Governorates Committee, holds a joint periodic meeting WITH THE GOVERNORS TO DISCUSS THE IMPLEMENTATION OF THE BUDGET and the most important financial and planning problems. Facing the provinces. ”
The statement added, “The meeting will be held tomorrow, Monday, at eleven in the morning, in the Constitutional Hall in the House of Representatives.
LEGAL CLARIFICATION: WHAT DOES REMOVING IRAQ FROM THE ‘HIGH RISK COUNTRIES’ LIST MEAN
Legal expert Tariq Harb commented, on Monday, about Iraq’s exit from the British classification of high-list countries, in what he considered a “political and economic victory” for the government and the Central Bank.
Harb said in a clarification followed by “People” (April 19, 2021), that “many years have passed since the name of Iraq has been included in the lists of high-risk countries, with the consequences of this staircase of great political and economic effects, perhaps the first and most important of which is the impact on investment and the reluctance of companies.” “The government of Al-Kazemi and the Central Bank of Iraq have made great efforts, especially in the field of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing.”
He added, “For a period of time, the Iraqi newspaper Al-Waqi’a has hardly been issued without publishing international procedures and decisions, especially those issued by the special committee linked to the UN Security Council with regard to combating money laundering, terrorist financing and other charges related to seizing the money of those accused of money laundering and terrorist financing, even if not They are Iraqis, and a higher committee has been established in the Central Bank with the mission of combating money laundering and terrorist financing, and these and other measures such as activating the AML / CFT Law No. 39 of 2015, therefore Resolution 392 of 2021 was issued including raising the name of Iraq from among the countries with high risks and thus it deserved The government and the Central Bank deserved praise and praise for their efforts in removing Iraq from the lists of high-risk countries.
Earlier, the Central Bank of Iraq announced a departure from the British classification of high-risk countries.
A bank statement, of which Nass received a copy (April 18, 2021), stated that “within the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Combating Financing of Terrorism in developing the business environment within the international compliance standards for combating money laundering and terrorist financing, the British Treasury In the United Kingdom government department, not to include the name of the Republic of Iraq from among the lists of high-risk countries according to Resolution No. 392 of 2021.
He added that “the United Kingdom adopted the recommendations of the Financial Action Task Force (FATF) in classifying countries with high risks in terms of applying anti-money laundering and terrorist financing standards, after their exit from the European Union countries, AND PROMISED IRAQ IS COMMITTED TO KEEPING UP WITH AND IMPLEMENTING INTERNATIONAL RECOMMENDATIONS.
He continued, “The fact that Iraq is not included in the list of high-risk countries is positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom.”
(they know what is coming next.)
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,