ABOUT THE NEWSLETTER:
June 3, 2025 Mnt Goat News Brief
Guten Tag everyone:
I have some good news for you today again. No lies or speculation, just the FACTS.
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.
Since 2013, 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 doing all this. My time is hard to find, as I have to hold down two formal jobs already due to COVID just to keep the business going. So, I do it out of charity and love for YOU with the understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. I am saying this takes time and is like a third job.
I recommend $10-$15 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. I have to investigate the news and try to pull out the FACTS, then pull off the articles from Iraqi news channels, translate them, talk to my contact in Iraq and then write and publish the Newsletter. Do you think perhaps a little gift might show some appreciation for all this hard work? Just asking…. Still only a hand full of readers help out each month. Enough said….. The future of the Newsletter depends upon you.
Let’s all try to chip in!
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Matthew 10:8:
“Freely you have received; freely give”
More news….
MIDDLE EAST POWER PLAYER REPORTEDLY TOLD IRAN TO TAKE TRUMP’S NUCLEAR DEAL
Saudi Arabia reportedly gave a stark warning to Iran to take President Donald Trump’s nuclear deal or face the consequences with a war in Israel, Reuters reported Friday.
Saudi Defense Minister Prince Khalid bin Salman in April spoke with Ayatollah Ali Khamenei in order to defuse tensions between Israel and Iran, fearing Trump was nearing the end of his patience with the Islamic Republic, two Iranian officials and two Gulf sources told Reuters. Israel has pledged to strike Iranian nuclear facilities if a deal is not reached to curtail the nation’s nuclear ambitions, while Trump has been ambivalent on whether or not the U.S. would join Israel in the strikes.
“President Trump has made it clear: make a deal, or face grave consequences, and the whole world is clearly taking him seriously, as they should,” White House press secretary Karoline Leavitt said in a statement to Reuters.
Just In Urgent:
U.S. OFFERS IRAN NUCLEAR DEAL ALLOWING TEMPORARY URANIUM ENRICHMENT
June 3, 2025
The Trump administration has pitched Iran on a revised nuclear deal that would allow Tehran to continue enriching uranium after it is signed.
WASHINGTON — The Trump administration has pitched Iran on a revised nuclear deal that would allow Tehran to continue enriching uranium after it is signed — contradicting public statements by top US officials.
The proposal outline, first reported Monday by Axios, was submitted Saturday by White House special Middle East envoy Steve Witkoff. If agreed, the outline would allow Iran to continue enriching uranium domestically, but only for civilian use. Tehran will also have to temporarily reduce its enrichment concentration to 3% — well below weapons-grade
levels of 90%.
House press secretary Karoline Leavitt said in a statement responding to the Axios report.
(I will repeat what I was told on Saturday by my CBI contact once again. Iraq is waiting to get the approval of the U.S. to move to FOREX. This is contingent upon negotiations with Iran. She has been put on alert to begin the Project to Delete the Zeros. 😊 )
More news….
TEHRAN’S USE OF ATOMIC ENERGY IS FOR PEACEFUL ELECTRICTY GENERATION. CAN THIS BE VERIFIED?
The head of Iran’s Atomic Energy Organization said there was “some progress” in indirect negotiations with the United States. Head of the Atomic Energy Organization of Iran, Mohammad Salami, pointed out that talk of “zeroing enrichment” is a statement that mostly applies to the Zionist community.
He explained that his country has a 1,000-megawatt nuclear power plant in Bushehr, which produced 7.3 billion kilowatt-hours of electricity last year alone.
He added that by the end of the Seventh Development Plan, the country’s nuclear power plant capacity will reach 3,000 megawatts, and that land has been prepared for the construction of two nuclear power plants in the south and north of the country.
Salami pointed out that the organization’s plans are topped by a “20-year strategic document, which aims to produce 20,000 megawatts of electricity.”
(If this information is true then why does Iran keep threatening Israel to wipe them off the map? Peace through appeasement is not a safe alternative. Iran needs to step down and gain peaceful relations with Israel. This would be believable!)
STATUS OF THE RV
No, the RV has not yet happened and the newer lower denominations are no yet out regardless of what some jerks are putting out to the dinar community. If this is all you want from my blog you can leave it now. Thanks for watching….lol….
So, its June already and we move on in this RV saga. Will we see some movement in June? After reading this newsletter today you just might believe we could, and I would agree.
Oh boy, oh boy! WOW! WOW! WOW! When the United Nations makes such statements, as they recently did, we have to appreciate just where we are in this investment. Iraq has come a very long way in 20 years. Please listen to the video below of then Secretary of State Hillary Clinton. No matter what you now think of her, she was so correct on the future of Iraq and through this speech we can see the clear direction the powers- to-be wanted to take Iraq.
Yes, they did have many obstacles along the way and it has been an uphill battle. Unlike what she said in reference to taking 2 years to have greater growth greater than China…well it did not happen on her timing. However, it did take a bit longer than expected but Iraq is here today. So, Iraq is now here and that’s the most important point to make today. Her speech was given in 2012, midterm during the Obama administration. If you listen carefully Clinton told us that American companies would come flocking into Iraq. This too did not happen in 2012 or even a decade following. Why?
American companies did not flock to Iraq simply because of the many reasons we have seen in the all the reforms since 2023. The expectation of Clinton back in 2012 was also based on seeing the reinstatement of the Iraqi dinar that January 2013, which did not happen. This is way she made statements like this.
I will say again that now 13 years later we are at the brink of the RV and Reinstatement especially when we hear news like we are not hearing from Iraq and all the global financial agencies like the IMF, World Bank, IFC, etc. onboard with Iraq.
We must remember two things going on from the news media in Iraq: 1.There are elements of propaganda in the news in the middle east, just like in the west and 2.Any country has problems and so when we hear of these problems we must adjust our thinking and ask if this is a major problem or just everyday life. Sure, we all would want these incidents to go away and not occur, people suffer, but are they significant enough to change the path for the RV? We must stay open minded.
😊If we take a look at the article in today’s news titled “IRAQ INVESTMENT FORUM”, we can clearly see that now is the time for American companies to come pouring into Iraq. Yes, under the President Trump administration this is possible and encouraged. He knows there is a ton of money to be made in Iraq.
What another Iraqi forum?
The Iraq Investment Forum is a major event being hosted by Baghdad in mid-June under the patronage of the Prime Minister. This important event joins a series of other activities that have gained similar importance, such as the Arab Summit and the Arab Media Conference, which have restored Iraq’s leading role in hosting important economic and regional events that establish stability, prosperity and development in Iraq and the region. It is worth noting that there are 140 investment opportunities offered by this forum, in which major international investment companies with unique experiences around the world will participate.
😊 In another article it backs up the last and is titled “FAGIN CONFIRMS TO AL-SUDANI THAT WASHINGTON IS SEEKING TO BRING ITS COMPANIES INTO IRAQ.” In the news Al-Sudani calls for expanded cooperation with Washington
Iraqi, particularly in the areas of economy, investment, security, energy, education, investment, and private sector activities. Fagin emphasized the importance of bilateral relations between the United States and Iraq and the US government’s support for partnerships with Iraq at various levels and in various fields. He also praised the Iraqi government’s efforts to accelerate development and urban renaissance, and “to encourage American companies to invest and partner in Iraq”.
😊And even yet more support for Iraqi development as we read article titled “MINISTER OF FINANCE DISCUSSES SUPPORT FOR DEVELOPMENT PROJECTS IN IRAQ WITH WORLD BANK” In the article Iraqi Minister of Finance Taif Sami discussed with the World Bank Representative to Iraq on Sunday enhancing cooperation to support development projects. Discussions evolved around plans to enhance cooperation to support development projects by leveraging the technical and financial support
The statement added, “The two parties discussed developing the private sector and encouraging investment as the primary driver of sustainable economic growth, in addition to the need to support financial reforms to achieve stability and growth.”
😊Okay so there is yet more evidence even with the Trump administration pursuing Iraq in article titled “AL-ZUBAIDI: THE AMERICAN NEW MIDDLE EAST PROJECT IS AN IMPORTANT OPPORTUNITY FOR IRAQ, AND WE MUST JOIN IT.” Al-Zubaidi says the
best path for the future of Iraqis to be included in the American New Middle East Project.
As US-Iranian negotiations enter a serious and important phase, the new Middle East is taking shape in a way that will have significant repercussions for Iraq. The US administration too has openly declared its desire to forge a new Middle East based on an economic foundation, free from wars and conflicts. This represents a significant opportunity for Iraq, which possesses tremendous economic potential.
Trump’s visit focused on Saudi Arabia and Qatar for purely economic reasons, and the contracts signed are clear evidence of the economic agenda.
The Iranian-Saudi rapprochement has contributed and will contribute to greater stability, while the UAE, on the other hand, appears more preoccupied with conflict zones in Sudan and Libya. Saudi Arabia has successfully struck a blow to the Qatari-Turkish project in Syria by spearheading the lifting of US sanctions on Damascus. In doing so, it sends a clear message that it will not stand idly by, especially given that the US side desires a Saudi role there.
So, the question I keep asking is can Trump turn this mess in the middle east around to a peaceful economy with abundance and prosperity for all instead of conflict and war? I think it just may be possible. I believe Trump has God on his side and will work towards these objectives. Is this just because Trump is a businessman and patriot. This goes much deeper, and you can believe what you want, but I believe there is “divine intervention” taking place. In other words, he is being “guided”. Yes, he is still human too and so don’t forget he can make mistakes, but his intentions are real for peace and prosperity instead of war.
This brings me to say that sometimes in order for peace, God calls for the destruction of of his enemies. His enemies are usually ours too. Sad to say that sometimes this takes eliminating our enemies first. We read this in the bible too in the Old Testament. God is on the side of righteousness and justice. I would never want to see anyone suffer or die in war for that matter. But we know at times, peace comes with a price.
Peace through appeasement does not work. It only comes to haunt you later. It never works. Yes, a president many get through his four years of his administration appeasing the enemies of the U.S. and looking like a hero. But in the long run it has never worked. It is best to confront our adversaries head-on and deal with them. Why leave the hard work for the next guy elected into office. I am afraid to say this is what Obama did for Trump’s first term and Biden did for Trump’s second term. Now he has to clean up their messes.
😊I find the following article VERY interesting is it titled “WHEN DO WE GET OUT OF THE RENTIER ECONOMY?”. To begin to answer this question you must first ask what a rentier economy is and how Iraq go their in the first place. A “rentier” economy is based solely on one form of revenue. Its dependence on it can make it unstable if the one revenue stream changes drastically. It can become unpredictable.
So, for Iraq they entered this path to the “rentier” economy the day the .U.S. decided to kill it economy with sanctions and then the use of the petro-dollar. The next step was to kill its currency. This put Iraq in a funny situation as it could only receive U.S. dollars and buy imports with U.S. dollars. Everything evolved around the U.S. If you re-read my definition of a “rentier” economy it clearly states one source of revenue stream. Today it still the U.S. dollar. Although Iraq is making progress to diversify its holdings of other foreign currencies and is also now allowed to pay for imports with these other currencies. This is all progress away from the “rentier” economy. But what about sources of revenue for stability’s sake?
In the article Jawad Al-Attar asks – When do we get out of the rentier economy?
I will leave it up to my readers to go read this entire article in the Articles Section. It is short and it does tell us that this won’t happen until Iraq can get off the petro-dollar as their main revenue stream. As investors in our study of this situation we know that many measures in Iraq have already taken place to shore up the lack of revenues from a sole source of oil. Just look at what is happening now and shock to their economy when oil dropped from $75 to $60. We learned about the future Customs and Tariffs revenues, tourism, the future Development Road project and all the minerals and agriculture yet to be tapped into. There is more but I can’t think of them now….lol..lol.. However, my point is to show you that until Iraq puts on its Big-Boy pants and takes control of these other sources, they will not get out of the “rentier” economy. They must do it. If we read all these recent articles about their economy, they are doing it and that is what I wanted to emphasis to you. All the article about this situation put more and more pressure on the govt to do something about it and to make the citizens aware of what is causing their lack of salaries and pensions being paid on time.
😊Lastly I want to bring out one more issue in the news. You will never guess what this is…lol..lol.. Of course, it’s the Oil and Gas Law….lol..lol.. So again they drag this law through the mud. Yes, we all should know that this law is needed to fulfill the full constitutional requirements. This has also been said to be a necessity to move to reinstate the dinar. It is way overdue and causes much chaos between Erbil and Baghdad over and over again. So, recently they discounted the passing of this law in the current legislative term. Today we hear that this term may be extended to cover some of the more critical legislation. I believe this Oil and Gas Law will be included in this extra ordinary session. See article titled “THE PARLIAMENTARY INVESTMENT COMMITTEE CALLS FOR BREAKING THE LEGISLATIVE “STALEMATE” AND PASSING IMPORTANT “ACCUMULATING” LAWS.” The Parliamentary Development and Investment Committee called for breaking the legislative deadlock to pass and address dozens of important laws that have accumulated and directly impact citizens’ lives. The committee emphasized the importance of fulfilling the government’s commitments under the ministerial program and budget-related spending plans.
Then the same day out pops this article titled “THE COORDINATION FRAMEWORK ASKS PARLIAMENT TO LEGISLATE “OIL AND GAS” TO RESOLVE DISPUTES WITH KURDISTAN.” Is this coincidental?In the article the Coordination Framework called on the House of Representatives to enact an oil and gas law to resolve outstanding issues between Baghdad and Erbil, warning against the use of political capital to influence public opinion.
The Coordination Framework, called for “dealing with every national issue in accordance with the constitution and governing laws,“. The Coordination Framework stressed the “necessity of the House of Representatives enacting an oil and gas law,” considering it “the core of the solution to the outstanding issues between Baghdad and Erbil.”
WARNING
Just so everyone knows there was a jerk that created the usual YouTube bullshit about the dinar RV. Oh..this was a good one too. This Youtube is being used by all the idiot intel gurus to try to justify a release memo this week that was shown about the Iraqi dinar being elevated to anchor post-FOREX. This is NOT true it is all fiction, thus made up bullshit. Get it? Oh..TNT Tony and his stupid gang of followers swallowed the hook. They went off on a tangent and it was so funny to watch. Actually it was very sad…. all for nothing….
In the con it they talk about a rate of $4.8101. This is not so amazing news, if even it was true, as we all should know by now the rate could and probably will reflect around this figure.
Please don’t go off half-cocked with idiots like TNT Tony, MarkZ or other gurus. Many of these stupid intel gurus will try to tell you wise tales so go look for yourself if you don’t believe me. The 1,310 is still showing. There was NEVER going to be a FOREX migration of the new rate this week. My CBI contact confirmed this with me. There will be no bank appointments this week and you will NOT be going to the bank this week to exchange. The people telling you these lies are strange & deranged crazy people trying to get some fame to attract more to their sites.
Telling you the TRUTH, you do want to know the TRUTH?
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What can we as investors do right now?
- Pray and pray that nothing will mess this up….
- Be very patient….
- Do not sell your dinar….
- No more intel guru talk….
- No more NESARA / GESARA crazy talk
- Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
- Don’t over speculate and set unjustified expectations
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
These prophecies are more important now more than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at these past three election cycles, how can you deny that God is at work? Are you sleeping or what?
It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.
God told us it will be an “hypnotic November” and turbulent until June 2025 and so, isn’t it? Was He lying to us? Remember that these globalists satanic cult have had it too good for too long and are not just going to lay down and let themselves be destroyed. They are going to fight until the very end to maintain control over you. If all else fails, they will get more and more desperate to overcome the good trying to rebuild and free our nation.
NOTE: These prophecies just keep getting better and better, giving us HOPE of a bright future. But the real reason why I listen to them is that we can actually see what God says He will do is taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.
From God to the PROPHET: Julie Green
The prophetic words seem to be getting more powerful which usually means we are coming to a climatic period and intensity as to when events begin to happen.
“The Biden-Gate: The Truth is Coming Now”
You don’t want to miss this one today. WOW! WOW! WOW!
This presentation today from the prophet is explaining the many prophecies over the many years about “The Biden”. God never calls Joe Biden (or whoever the hell he is) the president. Note this because it’s very important. For years we all interpreted the prophecies of the real Joe Biden of dying during the early stages of the 2020 election, then a fake put in this place. However today we learn from God that he was actually executed and a series of imposters put in his place. The hole four years was a con job.
I ask how could the real Joe Biden even win the election if he was dead? I know, I know this all sounds so amazing and crazy, almost unbelievable as our minds will have a hard time grasping what took place. I hear how you are feeling and I totally agree.
But let’s watch it all play out as Julie’s prophetic words have proven time and time again to come to pass. This “The Biden”, however is hidden and the democrats are keeping it under cover very carefully, even to today. Do you know that the majority of the democrats don’t even know the TRUTH about Joe? If they did, what would they do? Would the still be so cocky and negative towards president Trump?
The time for this to all come out is NOW not years from now! Yes, after 4 years of the prophets talking about the FAKE Biden, we are about to see it all get exposed to the public. There will be consequences for his “handlers” and what they did to this country in the four years of “The Biden” term. It will shake this nation. This will be explosive when it all comes out and so open your mind and learn the TRUTH.
I am trying to prepare you for what is coming……
About The Prophetic Word:
How do these people know these things? Is it God speaking to them of the future?
How is all these prophecies related to the IQD revaluation?
First I need to add that God has given multiple prophecies already about the IQD revaluation and His form of the global reset. In each He specifically talks about Iran, Iraq and Southern Asia (Vietnam).
With the prophecies, unlike the RV saga, we hardly ever get a firm timeline, but we must stay faithful and know that God will be faithful to us and provide what he promises to his prophets and promises to us. Like the clean out of SCOTUS now coming about so will the RV.
Remember that, like us listening to these prophecies, the dark side also listens to them and constructs obstacles in an attempt to overcome them and stop them. This is intentional and we will soon learn of the truths behind why the RV was halted in 2012, besides what we already know. There were some very dark elements involved.
We know the RV of the IQD is unstoppable but it can be delayed and was delayed by these dark elements in 2012. I firmly believe this is what happened in 2012 when the CBI has an “unprecedented opportunity”, according to Dr Shabibi in his 2015 interview before his passing, to get the Iraqi dinar back online in the foreign currency exchanges.
I have been trying to explain to everyone many time already that this is when the criteria all changed under the Obama administration, thus we sit for another 13 years waiting for Iraq to meet this new stringent criterion. They did this in a well-orchestrated, corrupt plan to hold it up, but only after these corrupt U.S. politicians exchanged their dinar and no longer cared about Iraq.
Folks it has been 13 years since! Are we now also approaching the other 2 prophecies by Kim Clement telling of the wealth transfer, the reset and the coming PEACE in the middle east. I have presented these prophecies to you also many times in the past. These are all connected together. All the signs show that this may very well be the time now for Iraq.
But today the prophecy we are looking at is about SCOTUS and the judges stepping down will also have huge implications on many things. Also, the impact on Federal and district court judges. Let’s just sit back and watch it all play out, knowing that God’s Hand is at work.
Kim Clement piece from 2014 prophecy
2 Supreme Court Justices will step down. This is going to happen shortly.
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PROPHECIES FULFILLED: How do we engage the prophecies? Are they really a voice from God? So, as we listen and time passes, we step back and analyze what happened and compare to the prophetic words spoken.
New
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HOW DO WE KILL THE GIANTS OF DEBT, SOCIALISM AND SECULARISM?
Please, please listen VERY carefully to this prophecy. I cannot emphasize enough to spend the time to watch this one – “The Big E”. I am not saying its going to take 6-7 years to get the RV, but that the RV is part of the process along the way and will happen in the process of the prophecy fulfillment.
Do you remember these prophecies from 2007? This is our time now to fulfill these prophecies. So, let’s take a step back and rewind to review them. Then watch to see if Trump does orchestrate their fulfillment. I also believe this wiping out the debt is related to the new energy sources that are coming. In the meantime, the US will work at bringing down the cost of energy. But I believe this will only be a temporary measure until these new sources come.
Folks, I know you may be having a hard time seeing this, but all of this goes hand-in-hand with what we are looking for… the RV of the Iraqi dinar.
This prophecy is especially important and coincides with the more recent Feb 9th prophecy from Julie Green. Did you listen to it? WOW!
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Pray, Pray, Pray & Pray some more!
Please try to remember to pray each and every day. In Hebrews 11:6, it underscores this principle of why we pray: “But without faith it is impossible to please Him, for he who comes to God must believe that He is, and that He is a rewarder of those who diligently seek Him.”
You don’t have to be Catholic to pray….lol..lol.. As a Christian, praying the rosaries for me is my way to pray and has had a significant impact on my life and focus during this Easter season and throughout the year. I find it is good to remember the Stations of the Cross during lent and what our savior did for us. In know many of you may not be Catholics or even Christians but try to take a different approach this Easter. Try to see what all the fuss is about Christ. Put yourself in Christ shoes (or should I say sandals) as an ordinary person in today’s world. You can quickly see that the nature of man has not changed very much and if Christ were born today, many would probably try to crucify him. Have we not learned anything?
We all know something has gone terribly wrong with our nation. A supernatural battle is taking place to determine the fate of America. In just twelve minutes a day you help bring forth a divine intervention to save our country using this book. Let us not forget to fast, meditate and pray for the salvation of America. There is an organization that is taking on this endeavor through helpful prayer guidance. This is what I plan to do. How about you?
Anyone can join the hundreds of thousands already involved in this rapidly-growing prayer
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ARE THE MAJOR U.S. CITIES NOW SUBJECTED TO THE SAME TERRORISTS ATTACKS LIKE OTHER MAJOR EUROPEAN CITIES?
IS IT TOO LATE TO FIX THIS PROBLEM LEFT OVER FRON THE BIDEN ADMINISTRATION?
MAXINE WATERS IS FOUND GUILTY VIOLATION OF ELECTIONS CAMPAIGN FUNDING
She’ll just get slap on the wrist and a fine for this one. But what is she really hiding as to why she wants Trump out of the picture so much? This will begin a probe on her too. What hidden dirt will they find?
ELON MUSK LEAVES FAREWELL MESSAGE TO DOGE, TRUMP
STILL BELIEVE YOU DID THE RIGHT THING IN GETTING THE COVID VACCINE AND LATER BOOSTER SHOTS?
Oh… but my employer forced me to do it! Folks if you are dead it won’t make a bit of difference will it? Advertisements are still pushing to get vaxed. I find this so hard to believe the have not yet banned this vaccine. The TRUTH is slowly coming out about this pandemic and how it was handed. Is the mRNA technology safe for humans? Why was the vaccine rushed out and even after the deaths rolled in, they still did not ban it.
PARDON PAY-TO-PLAY? BIDEN ADMIN CAUGHT
HERE WE GO AGAIN….DOGE DISCOVERS $93 BILLION LAUNDERED IN DEO, TRUMP’S 50% EU TARIFFS
CONGRESS MOVES TO NULLIFY BIDEN’S AUTOPEN PARDONS—MASS ARRESTS (CHENEY, SCHIFF, HUNTER!)
THE BIDEN HEALTH COVERUP
They thought they would be in power forever by winning the 2020 election. They thought this was the election to win all elections. They planned to use two things to gain power and then to secure their power:
1.Fraudulent elections and 2. Immigration. Both are backfiring on them just as God told the prophets that it would. Are you paying attention to all this? It is all being EXPOSED. Now we are beginning to see the JUSTICE part.
POTENTIAL STAFFERS WHO OPERATED JOE BIDEN’S AUTOPEN HAVE BEEN IDENTIFIED, WILL BE SUBPOENAED
‘MAJOR SCANDAL’: CONGRESSMAN SAYS BIDEN AUTOPEN CONTROVERSY BIGGER THAN WATERGATE
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OPENING THE CAN OF WORMS: THE “CHEMTRAILS” LIE.
I believe in finding the TRUTH. We all need to know the TRUTH. So, is this all just a bunch of lies and a “conspiracy theory”? Let’s take a hard look at this today since this really does bother me and it should bother you too. Let me first define what Chemtrails are for those of you who don’t know. If you google for a definition, you will find many definitions all of which state the following:
Chemtrails Defined: “Long-lasting airplane contrails”
“Chemtrails are defined as long-lasting airplane contrails believed to be composed of harmful chemical or biological agents that are dispersed as part of a conspiracy, often thought to manipulate the environment or the population. The chemtrail conspiracy theory posits that these condensation trails left by high-flying aircraft are actually “chemtrails” sprayed for undisclosed nefarious purposes.”
Of course, this is only one of many definitions on the internet but they all say about the same. You see the narrative has been pushed out already to call us researchers for the truth conspiracy theorists or sometimes mad or cray people. They say we are making this all up.
So, let me set the record straight today. Chemtrails are not Contrails. Contrails are the water vapor streams from the engine of a jet, moving through the sky. It is not exhaust. These water vapors are generated when the airplane reaches a certain altitude, normally around 20-30,000 feet. These vapors generated from the heat of the jet engines that cause a frozen vapor trail. The vapor comes from the moisture in the atmosphere. All the engines do is condense it and freeze it. Soon, and I mean very soon, the frozen vapor dissipates as it thaws and disappears. In other words, it does not stay around very long and the vapor crystals drop down into warmer altitudes and melt away. The tail of a contrail will last only minutes at best and will be trailing a short distance from the rear of the engine. The water crystals are very fine.
So, now you know exactly what Contrails are and how they operate in the sky.
Chemtrails on the other hand, are much different and behave totally different in the sky. When we witness chemtrails we see long strings of clouds that move slowly over the sky. The airplanes blast our large plumes. This is the mixture of the chemicals. These chemicals mixed with a petroleum product of some sort have the same crystallization effect as Contrails when they hit the designated altitude, but they are now crystals containing very dangerous amounts of hazardous chemicals. If nothing else the petroleum product used as a mixing agent is hazardous. I do not know the entire recipe and there are many theories that modified DNA is also mixed in along with mRNA like components. Without fully analyzing the mixture it is not confirmed. Regardless, They are spraying something and my eyes don’t lie. I can see it in the skies myself. The slug we do know is very dangerous to humans and the planet. We cannot continue this program of spraying much longer without creating long-term effects on the ecosystems. It may already be too late. Is this why cancer is now a pandemic?
There are known witnesses that were crews that have come forward and testified the loading of the airplane tanks with the slug mixture. They have seen the sprayers on the wings, so this is not a theory, it is very real. If you do research, you too will find a funded program for weather modification is run by the United Nations under the “Climate Change” protocol. The UN Climate Change Fund being paid by each country is actually funding the demise of the planet and our health. This spraying is not isolated to only certain countries. It is done globally in the western countries, Asia, Europe, Middle East, Africa, etc. Could this weather modification also have intentional or accidental side effects like increasing the intensity of hurricanes and tornados? Even the winters as not as intense in some places as we remember growing up, yet in other places there are more intense winter storms dumping abnormal amounts of snow. What is going on here?
To say or even think these Chemtrails are Contrails is totally ridiculous and you don’t truly understand the evidence.
During WW2 the British did studies on how to modify the weather. They set up experiments which are documented and used today all over the world.
So, Please don’t tell me you are not
spraying the skies with something!
They seed the skies with certain chemicals (thus the name chemtrails). The major component is sulfur and they are using the ground up ashes from the power plants burning of coal. This is the base of the mixture. Aluminum components are also necessary to make it rain. Now you see, this is very dangerous to the planet, as they are causing acid-rain. Also the autopsies of Alzheimer patients show clearly abnormal amounts of heavy metals and aluminum. It was believed that aluminum pots and pans from the past could be causing this decease, however these kitchen utensils have been off the market for decades now, yet Alzheimer is climbing at an alarming rate.
Besides the human effects, acid rain also kills vegetation or erodes the natural protective barriers of plants from disease, such as the bark on the trees. What is happening is they are SLOWLY killing the planet. We are already experiencing many species of trees and vegetation dying only they contribute it to bugs or insects. The reality is these infestations would not be happening had the natural defense mechanism of these species not be compromised. Boring beetles can’t bore through hardened bark, the bark must be weakened. There are even recorded lawsuits by many California residence stating these chemicals are dropping to the ground and causing damage to the finish on their cars and polluting and changing the PH levels in their pools. Their lawns also are effected as they now have to add more limestone each season to adjust the levels of PH so the grass will even grow.
Below are pictures of Chemtrails vs Contrails. Do you now see the difference. Next time you look up in the sky see the difference. Also note if the spraying of chemtrails is heavy that day how the day becomes hazy and you may even feel weird if you go outside for a long period of time.
Do these look normal to you? Why would any commercial airplane fly over and over again in crisscrossing patterns on a normal flight pattern to and from airports? In many cases there are not even normal commercial flight patterns over these affected areas, yet we witness these trails in the sky, so go figure…
What do the prophets say?
What does God tell us about this program of Chemtrail spraying through his prophets? Just recently the prophet Andrew Whalen gives us hint what God thinks of this program of weather modification by mankind.
Prophecy can be found on Elijah Stream presentation dated May 29, 2025
Here is the link: I’m Opening The Can Of Worms! – Andrew Whalen
WILL OR COULD EVEN, PRESIDENT TRUMP WILL SERVE A THIRD TERM?
Let’s dive into this topic today and understand why this may be possible, but only “if”.
We have to understand the dynamics of what is going on here with this topic. Of course, the US constitution does not allow him to have but two terms. Trump is now serving his second term. So, what does this tell you? It tells me that somehow along the way something must change, right? Could it be an amendment to the constitution allowing a third term, but only in special cases where the current president already served a first term interrupted by missing an immediate second term only to have that second term years later. It would need a 51% vote by the states to be amended.
Also I think the timing for this amendment must be just right. I mean the exposure of the fake Biden in office for the last four years will come out. Also, the 2020 election fraud will be exposed to a new level. Our prophets tell us there will be exposure of a “plan” for the orchestrated corrupted election and how they did it. Names of those responsible will also come forward by a credible whistle blower. So, the timing of the vote on this amendment must just on time in the midst of all this corruption exposure. This is a chess game with Trump and he is always many moves ahead of the democrats. Remember too he has God’s Hand at work on his side.
Yes, he would have to be still elected for this second term. So, how is this not following the democratic process? Now having said all this, the democrats are going to try to spin this and make it sound like Trump is going to be a dictator and force a third term no matter what. This is total nonsense and I am warning you ahead of time this woke, stupid nonsense of the far left will try to put this notion in your mind through yet another negative narrative controlled, of course, by the FAKE propaganda news media channels. BE AWARE!
BIG BEAUTIFUL BILL: ELIMINATES MANY TAXES. WHAT TAXES ARE NEXT?
Is Trump also targeting the personal income tax (FICA) under $200k next? I sure hope so. This would be a nightmare for the globalist agenda, as they want all countries on socialism and that means taking your money to control you – take from the rich to give to the pour or should I say their pockets….
THE MAGA MOVEMENT CHANGED THE PLANET: STEPHEN MILLER
CORRUPT JUDGES ARE TRYING TO CIRCUMVENT PRESIDENT TRUMP’S AGENDA ELECTED ON.
Basically, Federal circuit and local judges don’t run the country. It is the three branches of government Legislative, Judicial and Executive branches at the Federal level along with the US Constitution, as the law of the land for the Republic.
These federal and local judges are appointed and have strict boundaries. They are to hear evidence, rule on cases and ensure the accused had a fair trial in court process for the grievance brought forward by the plaintiff, IN THEIR DESTRICT ONLY.
Why do they think that can rule on any Federal issues from the executive branch? That is the duty of the Supreme Court (SCOTUS). Clearly they are overstepping their boundaries no matter what ruling outside their district they make. They are restricted to their district and only their district. Their cases before their court only come forward form the citizens of their district. So, this is really bizarre behavior for any judge. Very rarely have we seen this from these judges. It is only when Trump took office, that we are now witnessing these bizarre rulings.
You think perhaps someone is behind all this? Maybe a Trump hater? Who is this person?
I think commentator Larry O’Connor makes a good case on these issues. Very informative and well done. Also pay attention to the interviews with CNN and how they try to swindle their viewers to think a certain way on key buzz words, even though it does not apply. Yes, words like “unconstitutional” when the constitution does give the president power to execute everything he is doing. These FAKE news channels always put the seed of decent into the minds of their viewers to go along with their narrative. The narrative is to hate Trump and anything he does to move this country ahead. So, this is another lesson learned from watching this commentary today.
DEMOCRAT SENATOR OFFICIALLY LEAVES PARTY, JOINS REPUBLICANS
State Senator Robin Webb of Kentucky left the democrat party to join the republican party.
DOGE STRIKES AGAIN
STILL BELIEVE YOU DID THE RIGHT THING IN GETTING THE COVID VACCINE AND LATER BOOSTER SHOTS?
Oh… but my employer forced me to do it! Folks if you are dead it won’t make a bit of difference will it? Advertisements are still pushing to get vaxed. I find this so hard to believe the have not yet banned this vaccine. The TRUTH is slowly coming out about this pandemic and how it was handed.
UN: IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY
UN Secretary-General’s Special Representative, Mohammed Al-Hassan, confirmed that Iraq will become a banking powerhouse both domestically and internationally .
Al-Hassan said in a statement to the Iraqi News Agency (INA) today, Friday, that “the words spoken during the conference on money laundering and combating the financing of terrorism indicated that Iraq is facing a regional and international challenge to restore its status .”
He added, “The Iraqi economic system cannot be complete without an effective financial sector, both domestically and internationally,” noting that “Iraq is committed to taking positive steps to restore confidence in the financial and banking sector in Iraq .”
Al-Hassan stressed that “the United Nations supports Iraq’s path, which will become, in the coming days, a banking power that interacts internally and externally,” emphasizing that “the fight against terrorism is not a scourge that has afflicted Iraq alone, but the entire world, and the sacrifices that Iraq has made in lives and money are not trivial or small .”
He noted that “these sacrifices must be completed, extended, and continued to restore Iraq’s position in the financial and banking sector .
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THE DEVELOPMENT BANK ANNOUNCES ITS DIAMOND SPONSORSHIP OF THE ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM CONFERENCE IN BAGHDAD.
The International Development Bank announced on Thursday its sponsorship of the Anti-Money Laundering and Combating the Financing of Terrorism Conference in Baghdad.
In a statement seen by Al-Eqtisad News, the bank said, “Based on its strategy based on compliance and transparency, the International Development Bank, one of the largest private banks in Iraq, announced its participation as the diamond sponsor of the second Anti-Money Laundering and Combating the Financing of Terrorism Conference, which will be held at the Rashid Hotel in the capital, Baghdad, over two days, May 28 and 29, 2025, under the patronage of Prime Minister Mohammed Shia Al-Sudani, and with the participation of an elite group of banking leaders and regulatory bodies, both locally and internationally.”
He added, “This conference is being organized by the Union of Arab Banks in cooperation with the Central Bank of Iraq and the Iraqi Private Banks Association, under the title ‘Challenges Facing Arab Banks in Complying with International Laws and Legislation and Meeting the Requirements of Correspondent Banks.’ It brings together Iraqi bankers and regulatory authorities to highlight the most prominent challenges that continue to hinder Iraqi banks from opening effective channels with international financial markets and correspondent banks, in addition to reviewing ways to enhance the confidence of the international financial community in the Iraqi banking sector.”
The bank explained that “this conference provides a high-level platform for discussing the challenges facing Arab banks in meeting correspondent banking requirements and implementing international best practices in the areas of governance, risk management, compliance, and combating money laundering and terrorist financing, with a focus on the importance of technological and digital development to enhance oversight and transparency systems.”
“We are proud to sponsor this prominent banking event, which represents a strategic platform for exchanging expertise and enhancing coordination between banks, financial institutions, and regulatory authorities,” said Ziad Khalaf Abd, Chairman of the Board of Directors of the International Development Bank, according to the statement.
He stated, “Our commitment to compliance and transparency is not just a regulatory imperative, but an integral part of our vision to achieve sustainable growth, enhance the bank’s leading position in the financial sector in Iraq, and position it on the regional and international stage.”
The bank noted that “the conference will address a number of strategic financial topics, including: enhancing integration with the global financial system and developing relationships with correspondent banks, preventing the risks of inclusion on grey and black lists, building a culture of institutional compliance, and activating cooperation between internal departments. It will also review the applications of financial technology and artificial intelligence in combating financial crimes, highlight the role of central banks in supporting sustainable compliance, and strengthen partnerships with regional and international institutions to achieve global standards.”
He explained that “the conference will be attended by decision-makers in the banking sector, as well as managers of compliance and risk, internal audit, anti-money laundering, information security, and other specialized personnel, as part of the effort to enhance the efficiency of Arab banking and modernize the institutional structure in line with the requirements of the current stage.”
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AL-ZUBAIDI: THE AMERICAN NEW MIDDLE EAST PROJECT IS AN IMPORTANT OPPORTUNITY FOR IRAQ, AND WE MUST JOIN IT.
The best path for the future of Iraqis.
Iraqi politician Baqir Jabr al-Zubaidi called on Sunday for Iraq to be included in the American New Middle East Project. He said it represents a significant opportunity for a better future for Iraqis based on an economic foundation free from wars and conflicts.
As US-Iranian negotiations enter a serious and important phase, the new Middle East is taking shape in a way that will have significant repercussions for Iraq.
The US administration has openly declared its desire to forge a new Middle East based on an economic foundation, free from wars and conflicts. This represents a significant opportunity for Iraq, which possesses tremendous economic potential.
Trump’s visit focused on Saudi Arabia and Qatar for purely economic reasons, and the contracts signed are clear evidence of the economic agenda.
The Iranian-Saudi rapprochement has contributed and will contribute to greater stability, while the UAE, on the other hand, appears more preoccupied with conflict zones in Sudan and Libya.
Saudi Arabia has successfully struck a blow to the Qatari-Turkish project in Syria by spearheading the lifting of US sanctions on Damascus. In doing so, it sends a clear message that it will not stand idly by, especially given that the US side desires a Saudi role there.
Oman continues to play its historic role in the region and the world to the fullest, in line with Sultan Qaboos’ policy of “extending a hand to all.”
Jordan continues to lose its role as a mediator with Israel in the region amidst the changes taking place, and will attempt to find a new role to help it emerge from its internal crises.
The new Middle East will depend on oil markets, financial markets, and the flow of investment. It is up to decision-makers in Iraq to take the right path and set the country on this path for a better future for Iraqis.
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THE PARLIAMENTARY INVESTMENT COMMITTEE CALLS FOR BREAKING THE LEGISLATIVE “STALEMATE” AND PASSING IMPORTANT “ACCUMULATING” LAWS.
The Parliamentary Development and Investment Committee called for breaking the legislative deadlock to pass and address dozens of important laws that have accumulated and directly impact citizens’ lives. The committee emphasized the importance of fulfilling the government’s commitments under the ministerial program and budget-related spending plans.
Hussein Al-Sa’bari, deputy chairman of the parliamentary Development and Investment Committee, said, “More than 140 draft laws, including new ones and amendments to existing laws, are still pending in parliamentary committees and require a vote by parliament.”
He added, “Many of these laws have been discussed by the relevant committees and are ready to be included on the agendas of the plenary sessions,” noting that “these projects relate to vital aspects that impact the lives of citizens and various state sectors.”
He explained that “the most prominent of these laws is the Popular Mobilization Law, in addition to projects related to higher education, the basis for granting certificates, and other legislation of a service and administrative nature .”
He pointed out that “the upcoming parliamentary sessions are of particular importance as they will determine the fate of a large number of pieces of legislation, eagerly awaited by citizens and state institutions alike.” He explained that “delaying the passage of these laws could negatively impact the work of ministries and disrupt the provision of services.”
Al-Sa’bari noted that “there is an increasing number of calls for regular and intensive parliamentary sessions to ensure that the legislative deadlock that accompanied previous periods is overcome and to fulfill the government’s commitments under the ministerial program and spending plans linked to the general budget.”
He explained that “Parliament’s legislative agenda also includes strategic laws such as the Oil and Gas Law, the Civil Service Law, and the Social Security Law, as well as laws related to administrative reform and oversight of government performance.”
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WHEN DO WE GET OUT OF THE RENTIER ECONOMY?
When do we get out of the rentier economy?
Jawad Al-Attar
The World Bank’s report on Iraq’s economic situation for the second half of this year and the first half of next year, released a few days ago, may be overlooked in the daily news cycle. However, it undoubtedly sounds alarm bells, as the economy is a fundamental component of any country’s national security architecture.
Although government advisors downplayed the report’s significance, asserting that Iraq’s economic situation is robust and capable of overcoming any obstacles or shocks in global oil prices, the Ministry of Finance responded seriously to the report and is moving within a framework that may temporarily extricate us from the crisis. This includes approving budget schedules for the second half of this year that secure funding for salaries and ongoing projects, along with partial payments to investors and a relative deficit based on an oil price of $60 per barrel.
However, the question remains: When will Iraq’s economy decouple from global oil prices? And when will we emerge from the crucible of a rentier economy?
These questions should be addressed by experts and decision-makers, and the country’s politicians should bear the responsibility for accomplishing these tasks by, first, operating productive public sector companies; second, facilitating routine procedures for the private sector and foreign investors; through real decisions, not ink on paper; third, diversifying sources of income; through regulated irrigation agriculture, complementary and transformation industries, and balanced inter-trade with neighboring countries; and fourth, providing the enabling environment and requirements that meet the above requirements; in the shortest possible time.
A country that has managed to oust the occupation and defeat terrorism is capable of overcoming economic crises and achieving growth if the political will is realized and politicians overcome their differences, their pursuit of privileges, and their desire to win elections.
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MINISTER OF FINANCE DISCUSSES SUPPORT FOR DEVELOPMENT PROJECTS IN IRAQ WITH WORLD BANK
Minister of Finance Taif Sami discussed with the World Bank Representative to Iraq on Sunday enhancing cooperation to support development projects.
The ministry said in a statement received by the Iraqi News Agency (INA): “Minister of Finance Taif Sami Mohammed received the World Bank Representative to Iraq and his accompanying delegation to discuss plans to enhance cooperation to support development projects by leveraging the technical and financial support provided by the Bank in implementing strategic projects to stimulate economic growth, especially in the areas of infrastructure and human development.”
The statement added, “The two parties discussed developing the private sector and encouraging investment as the primary driver of sustainable economic growth, in addition to the need to support financial reforms to achieve stability and growth.”
The statement explained that “the Bank Representative expressed his commitment to continuing to support Iraq in achieving its development goals and enhancing its ability to confront economic and development challenges.”
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IRAQ INVESTMENT FORUM
The Iraq Investment Forum is a major event being hosted by Baghdad in mid-June under the patronage of the Prime Minister. This important event joins a series of other activities that have gained similar importance, such as the Arab Summit and the Arab Media Conference, which have restored Iraq’s leading role in hosting important economic and regional events that establish stability, prosperity and development in Iraq and the region.
The Iraq Investment Forum, organized by the Iraqi Economic Council in cooperation with the National Investment Commission and with the support and supervision of the Office of the Prime Minister, reflects the great opportunities provided by Iraq (the land of opportunities) to transform those opportunities into achievements on the ground.
It is worth noting that there are 140 investment opportunities offered by this forum, in which major international investment companies with unique experiences around the world will participate.
It is hoped that this forum will be a historic opportunity and occasion for investment companies to regain their activity and confidence in a new investment environment guaranteed by the state, which will ensure the success of the projects that will be implemented.
It is true that the facilities and great preparations offered to make this forum a success, but what is more important than all of that are the results that will be achieved on the ground so that we can say that opportunities have truly been transformed into achievements.
A sound investment decision must be based on a study of the reality of global events and changes and the major challenges facing the world at various levels. This is because being aware of what is happening according to accurate predictions and expectations allows us to gain success in all investments that will be implemented.
It is important to note that investment opportunities must include important infrastructure projects in the structure of planned new projects, so that the focus is not solely on entertainment investments, despite their importance.
Iraq needs investments with quick returns that contribute to diversifying the economy and sources of income in order to enable our country to move away from a single-source, rentier economy.
The principles of transparency also require announcing projects, their type, and their importance to the Iraqi economy. Rather than simply announcing a number of opportunities, the need also requires announcing the nature of these projects, their importance, and their economic feasibility.
This vision is based on close monitoring of all projects being completed.
We must think, as do our neighboring countries, about modern investments that keep pace with tangible global development and strengthen their economies.
Our observation comes in support of and reinforcement of the government’s sound direction in this regard, and as a reminder of the importance of benefiting from the experiences of others rather than copying them.
We are hopeful that this forum will be a success, so that Iraq can once again become a destination for investors and a home for development and harmony. It will be an important economic event, adding to the series of other important events that have crowded Baghdad, the capital of peace, such as the Arab League and Arab Media Summits. At the same time, we look forward to reading the potential for success in attracting investments, thanks to the government’s bold decision to guarantee projects, which gives momentum to encouraging investment in a promising and stable business climate.
(How many more forums, summits or conferences are they going to have…lol…lol..? Why now? Let’s explore more about this article in today’s news.)
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FAGIN CONFIRMS TO AL-SUDANI THAT WASHINGTON IS SEEKING TO BRING ITS COMPANIES INTO IRAQ.
Prime Minister Mohammed Shia al-Sudani discussed with the newly appointed US Chargé d’Affaires in Iraq, Steven Fagin, on Sunday, the prospects for enhancing bilateral cooperation between the two countries, particularly in the areas of investment, energy, education, and expanding private sector activities.
Prime Minister Mohammed Shia al-Sudani received the Chargé d’Affaires of the US Embassy, Mr. Stephen Fagin, on Sunday, on the occasion of his assumption of his duties.
His Excellency congratulated Mr. Fagin, wishing him success in his mission and working to develop relations to achieve mutual benefit and interests for both countries.
Mr. Al-Sudani emphasized the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement and the memoranda of understanding, coordination, and consultation between the two sides, particularly in the areas of economy, investment, security, energy, education, investment, and private sector activities.
For his part, Mr. Fagin highlighted the importance of bilateral relations between the two countries and the US government’s support for partnerships with Iraq at various levels and in various fields. He praised the government’s efforts to accelerate development and urban renaissance, and emphasized the need to encourage American companies to invest and partner in Iraq.
Iraq: Al-Sudani calls for expanded cooperation with Washington
Iraqi Prime Minister Mohammed Shia al-Sudani stressed on Sunday the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement and memoranda of understanding, coordination, and consultation between the two sides.
During his reception of the US Chargé d’Affaires, Stephen Fagin, on the occasion of his assumption of his duties, Al-Sudani stressed the need to expand cooperation in the fields of economy, investment, security, energy, education, and investment in private sector activities, according to an Iraqi government statement.
For his part, Fagin emphasized the importance of bilateral relations between the United States and Iraq and the US government’s support for partnerships with Iraq at various levels and in various fields.
He also praised the Iraqi government’s efforts to accelerate development and urban renaissance, and to encourage American companies to invest and partner in Iraq, according to the statement.
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IRAQIS HAVE FOUND A WAY TO DEFRAUD THE LARGEST AMERICAN BANK THAT MONITORS THE DOLLAR!
Doubts about Morgan and Citibank’s actions
Economist Ahmed Hedhal revealed the latest techniques of the “financial fraud community” in Iraq to circumvent US restrictions imposed to prevent dollar smuggling. Previously, they relied mainly on “fake invoices” to obtain dollars (such as claiming to buy thousands of tons of nabak, for example). However, the new restrictions at the beginning of 2025 forced traders to prove that they were “buying something real.” The Central Bank of Iraq decided to absolve itself of responsibility for the matter, leaving the task to the Iraqi trader, whose receipts must convince the American bank that he is carrying out a legitimate import operation. However, expert Ahmed Hedhal points out that specialized companies have emerged in Dubai, Turkey, or Jordan, and are now able to “arrange the required invoices” officially and with real goods, without raising the suspicion of the American giants “JP Morgan” and “Citibank.” However, those who benefit from this process will inflate the size of the invoice.
For example, an invoice can be passed to import 1.5 tons of gold, while only one ton will reach the border crossing. In return, the full amount will be transferred to the issuing party with the price difference, and no American bank will ultimately be able to He identifies the true quantities entering the country. The economic expert adds that the truth can only be ascertained by adopting the ASYCUDA automation system at the border, which allows funds to be transferred to the supposed seller only after digital verification of the quantities entering and their conformity with the requested dollar amount.
Dr. Ahmed Hedhal, economic expert, to 964 Network:
After the implementation of the electronic platform system to control imports and foreign remittances, many banks, companies, and importing entities took advantage of the exchange rate gap at the time through inflated invoices that did not match the actual volume of imports and domestic demand for goods and services. This led to the hoarding of dollars abroad. With 60% of small traders not having bank accounts or official company accounts, they began to rely on the parallel dollar market to cover their imports. The parallel market relies primarily on the reverse movement of dollars hoarded abroad, estimated at $10 billion annually.
Even with the shift to a foreign correspondent banking system, the phenomenon of fake invoices may have ended, but inflated invoices continue. There are companies in the UAE, Turkey, Jordan, and elsewhere that are able to arrange all the official paperwork at home (importer) and abroad (exporter), and through them the transfer is passed without being detected by JPMorgan, for example. What matters to the American bank is that the transfer does not reach sanctioned parties. As for the issue of discovering the extent of tampering with the quantity of imported goods, that is the responsibility of the Iraqi Customs Authority, which is the weakest link in this context.
For example, an invoice for the purchase of 1.5 tons of gold from Dubai can be processed normally through correspondent banks and also through JPMorgan Chase, in a legal and official manner. However, only one ton will actually enter Iraq, while the entire amount will be transferred to Dubai. Here, the trader or company benefits from the difference in quantity, currency, and crafting price, as he may sell this quantity of gold back to Türkiye.
In this way, these people manage to accumulate dollars abroad and then sell them domestically or on the parallel market via electronic payment card transfers to cover imports for traders who do not have approved bank accounts with correspondent banks or who wish to cover their trade with sanctioned parties.
Customs automation, known as the ASYCUDA system, would reduce inflated invoices because it would prevent the invoice amount from being transferred until it arrives at the border port and after verifying the volume of goods entering Iraq. However, the problem will remain if this system is not implemented at Kurdistan’s ports because it would deprive them of the non-oil revenues they collect through their own customs.
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THE COORDINATION FRAMEWORK ASKS PARLIAMENT TO LEGISLATE “OIL AND GAS” TO RESOLVE DISPUTES WITH KURDISTAN.
The Coordination Framework called on the House of Representatives to enact an oil and gas law to resolve outstanding issues between Baghdad and Erbil, warning against the use of political capital to influence public opinion.
A statement from the Coordination Framework stated that “the Coordination Framework held its regular meeting on Monday at the office of Mr. Ammar al-Hakim, in the presence of Prime Minister Mohammed Shia al-Sudani, to discuss developments in the political, service, and electoral situations.”
Regarding developments with the Kurdistan Region of Iraq, the Coordination Framework, according to the statement, called for “dealing with every national issue in accordance with the constitution and governing laws,” stressing “the federal government’s commitment to the rights of all its citizens and its serious efforts to remove all obstacles.”
The Coordination Framework stressed the “necessity of the House of Representatives enacting an oil and gas law,” considering it “the core of the solution to the outstanding issues between Baghdad and Erbil.”
Regarding the electoral issue, the Coordination Framework reiterated its “emphasis on holding the elections on the scheduled date,” calling on the Iraqi people to “update biometric voter cards and participate broadly, effectively, and consciously in the elections.”
The Coordination Framework also warned against “using political money to influence public opinion.”
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
Auf Wiedersehen
Much love to ya all,
Mnt Goat
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