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.
ABOUT THE NEWSLETTER:
September 25, 2025 Mnt Goat News Brief
Guten Tag everyone:
Iraq is working hard to clean up loose ends mandated by the U.S. Will it all come together in time…..tick tock,,,, tick tock…
September, September, it’s all about September…….
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. Please show your appreciation for all the hard work I do.
I recommend $10-$15 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. This is like a second job to me. The only way I know that people are reading and appreciating all the FACTUAL news I bring is through their appreciation. If I do not receive equal appreciation for all the hard work I do, I will simply end the Newsletter and save myself endless hours at the computer. I am tired of this RV saga just as you are. We are now down to the wire and the end is very near. I feel this would be a lousy time to end the Newsletter but that is all up to you.
Let’s all try to chip in!
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James 1:5
“But if any of you lacks wisdom, let him ask of God, who gives to all generously and without reproach, and it will be given to him.”
STATUS OF THE RV
No! There is no RV or Reinstatement of the Iraqi dinar yet. Don’t let these intel gurus or internet idiots fool you with their hyped-up sites. They only want your clickity-clicks.
We don’t need rumors or bank stories. We don’t need three letter agency lies. We have FACTS and TRUTH on our side and will let them speak for themselves.
Oh, folks you are going to celebrate today after reading this Newsletter. The news is perfect, absolutely perfect! 😊
On with the REAL news!
Today is Wednesday and I am beginning my Thursday edition of the Newsletter. What pops out in the news from Iraq but an article that is exactly what the CBI told us would be coming shortly. I have to be honest with you I was getting worried that we might not see this in September, which might mean delays, but here it is in the article titled “DELETING THREE ZEROS FROM THE DINAR: CITIZENS’ CONCERNS AND EXPERTS’ WARNINGS”. Please go ahead and read it, then let me explain a bit to you. First, we must bear in mind that there are political and social factions that do not want Iraq to progress forward. They liked it the way it was – corrupt. They are not likely to support any change no matter how good for Iraq. Next, there are many that do not know the long-term reinstatement plan. They only know what they know.
So, why are they asking the citizens what they think in this article? Are they planning to conduct the project to delete the zeros? Did the CBI say they were planning something? Should we expect shortly to hear from the CBI?
I believe that we can answer all these questions with a big fat “YES”.
I quote from the article:
“Analysts believe that the safe path for a decision of this type involves a series of simultaneous steps (see below list of 4 steps)”. But remember has the CBI already addressed these issues? If not, are they being addressed and soon to be completed?
1.strengthening financial reserves,- (Done, Done, Done – “The rise in Iraq’s gold reserves to record levels is a significant financial achievement that reflects the Central Bank’s prudent reserve management policies, enhances confidence in the Iraqi dinar, and provides additional protection for the national economy from global market fluctuations.” I would suggest this part is DONE per article titled “IRAQ’S GOLD RESERVES REACH RECORD HIGH, STRENGTHENING THE DINAR.” Go read it.
2. gradually raising wages to protect purchasing power – (cannot be done until the private sector takes hold with wages outside of the current social govt salary system which is suffocating the country. Iraq must reduce the monthly wage file and transfer this burden over to the private sector).
3. launching broad awareness campaigns – (Done, done, done -Already done many times over but with a delay, the project to delete the zeros the re-education process must take place again).
4.activating oversight mechanisms to prevent the exploitation of opportunities for illegal transactions – (How can anyone not know that this is done. What the hell do they think all the anti-corruption measures and other reforms that the CBI has initiated have been about over the last two years were for? Lol… lol…. Lol….)
Then the article is the results of a survey taken from the CBI and goes on to say and I quote – “The call remains extended to the relevant authorities to initiate a comprehensive national dialogue with citizens and experts before any final decision is made, to avoid negative repercussions that could exacerbate living and financial conditions.” This survey is part of the re-education of the citizens on the project and of course there is much re-education to do. They need to know the FACTS and what areas to address on the re-education process that is about to begin.
So, how much longer are they going to wait? These are just views and options from citizens documented in the article put together by analyst and not the CBI. So, these are the concerns and all negative. But they do not show us the positive views. Remember the CBI told us that during and after conducting the project to delete the zeros there will be period of time to monitor for inflation. In this the citizen’s concerns we can clearly see it is mostly all about inflation and the cost of living. Here is the video that was broadcast in Iraq. My contact in the CBI sent me the link to You Tube once it rolled out there.
Now let me give an update on the five stated U.S. concerns with Iraq and their progress:
😊If you are a faithful follower of my blog you know already all the very good news we have witnessed in the past couple months. You know of the five issues the U.S. told Iraq they had to complete prior. Then today we also hear of news of the agreement between Iraq, Kurdistan and oil companies in the article titled “KURDISTAN: ALL OIL COMPANIES SIGNED THE TRIPARTITE AGREEMENT EXCEPT ONE, AND THIS DOES NOT AFFECT” The Ministry of Natural Resources in the Kurdistan Region confirmed, on Wednesday, the completion of its oil export obligations, while indicating that it is awaiting the signing of the agreement with the federal government. The company emphasized that resuming oil exports from Kurdistan would restore Iraq’s position as a primary source of oil for the thirsty European market. This is revenue of 11 million dollars per day.
- Can you say Oil and Gas Law almost done?
😊We also read about the news on the Banking Reform Plan that emphasizes the smaller private banks but also applies to all banks in Iraq. These reforms should clean up any remaining corruption in these smaller banks and ensure all banks stay solvent. It was indicated that implementing the plan would rid the Iraqi banking system of most of its problems and “clear its reputation.” He explained that the plan would force “shop” bank owners to pay the price for establishing banks without banking standards and controls, and for living off dollar transfers. (In other words clean up your act or you will be forced out of business).
- Can you say banking reforms almost done?
😊In my September 23 Newsletter it was told the U.S. designated four groups in Iraq as terrorist groups. See article titled “WASHINGTON OFFICIALLY DESIGNATES FOUR IRAQI ARMED FACTIONS AS “TERRORIST” ORGANIZATIONS.” Then later an article comes out telling us that the U.S. is making plans to go after these terrorist groups and clean Iraq from these Iranian backed militias.
- Can you say Expulsion of PMP is getting done?
😊We also just read in past news that the Black Market (parallel market) vs the Official CBI rate is down more than 60% and jumps down even more from time to time.
- Can you say that the Parallel Market is almost done?
😊Okay so other plans to draw in the stashes of cash from under their mattresses did not work as planned and now they are planning yet another final plan, the plan they did not want to wait for, but they are now in the final stages and have no other option to get in these stashes of cash.
- Can you see that the stashes of cash are on their way to the bank but they will need the Project to Delete the Zeros to do it?
I have included in the Newsletter today president Trump’s full speech at the UN council meeting in NYC. Did you watch it? Then we know that the Iraqi president Rashid met with the U.S. president Trump. See article titled “PRESIDENT RASHID AT UNGA 80: IRAQ RESTORES INTERNATIONAL STANDING”
President of the Republic of Iraq, Dr. Abdullatif Jamal Rashid, addressed the 80th Session of the United Nations General Assembly in New York, affirming Iraq’s restored role on the international stage and outlining the country’s vision for peace, development, and regional stability.
I need all my readers to see a correlation here. It is between when the news comes out for what we want (the RV process beginning) compared to the news that comes out about accomplishing these five areas of concern. Then the closer these concerns go to getting resolved, the more amazing the news for us. Do you see it too? It is all nothing but amazing for Iraq.
😊Then in another recent article titled “PRESIDENT: IRAQ IS READY TO BECOME A POINT OF CONTACT BETWEEN EAST AND WEST” Iraq is practically telling us that they are getting ready to finalize their plan to join the rest of the world again.
To do this they will need their currency opened back up to the world. Here is the guts of what president Rashid said and I quote “I am proud to stand before you, to speak on behalf of Iraq, with the long history you know, and to thank the United Nations for its role in supporting and defending the democratic system,” Iraqi President Abdul Latif Jamal Rashid said. – Iraq is ready to become a point of contact between East and West. “Iraq has regained its normal position in the international community and its relations with its neighbors and is ready to become a point of contact between East and West,” he said.
IRAQI PRESIDENT JAMAL RASHID ADDRESSES UNITED NATIONS
What else is in the news?
Next, I know many have concerns about the BRICS and its so-called possibility of becoming the median of exchange in the near future, over riding the US Dollar. I have to tell you it’s NOT going to happen any time soon, if ever. You might want to read the article titled “WHAT BRICS HAS TO LOSE AT THIS YEAR’S U.N. GENERAL ASSEMBLY”.
BRICS is named after its first five members: Brazil, Russia, India, China, and South Africa, which joined after the group’s founding in 2009. The name BRIC was coined in 2001 by a Goldman Sachs economist who saw the four original members coalescing into a mega-economy that could challenge the power of the Western world. Russian President Vladimir Putin thought that sounded like a great idea and hosted the first official summit in 2009. China invited South Africa to join the following year, thus the “S’ in BRICS.
There is not much more to add to the recent news from Iraq. Today’s news only confirms what we were previously told and we can see it is all moving ahead.
We must continue our prayers for the Iraqi people and the future of Iraq. Let God’s abundance and prosperity rein down upon that nation.
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
PRAYING WITH SINCERITY
Many may ask why their prayers are not being answered. Our new Shepard in Rome Pope Leo XIV has given us some direction.
You can purchase a nice pair of Rosary Beads here to pray:
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.
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.
Prophetic Words from prophet: Barry Wunsch
“ Entering A Year Like Never Before”
You can start watching the video at the 13:04 mark. From Sept 24
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HERE’S HOW TO MAKE YOUR ASSETS INVISIBLE FROM CREDITORS
THE “GREEN SCAM”. WE NEED TO HONOR THE TRUTH ABOUT THIS NARRATIVE FROM THE UN. ARE WE BEING SCAMMED?
Is it time to wake up?
The next video is long but chock full of information on the impact of not thinking through and using common sense on the climate change scam and doing a knee-jerk reaction.
What is it all really about then?
ITALY’S PM GIORGIA MELONI DELIVERS REMARKS TO THE UNITED NATIONS
Meloni. like Trump in his recent UN remarks, are making a case already for their country pulling out of the UN. King Abdullah also erupts at UN General Assembly over Gaza. I would have to add that if you listen to all the speakers that day from member nations, more than half had a bone to pick with the UN for lack of action in helping these recent crisis after crisis. In fact, most said they added to the crisis by warped policies or conjured up the crisis to begin with.
So, we can hear it already, no not directly, but the words are there if you listen carefully. They are already making the case to leave the UN or shut down the UN. I ask is it doing more harm than good?
We are at just the crust of the OPENING of exposure of the corruption in the UN and what these leaders have done to the world since its existence. What is the organization’s real intent and goals? Are they living up to the charter to which they are supposed to follow, as member nations think? How trillions of dollars have been wasted on “woke” policies and “fake” narratives. Many say their primary objective has been only to lay the groundwork for their globalist agenda and a One World Government.
Has the UN outlived its usefulness? Has it gotten so corrupt it now must be reorganized or banned.
Will Aberta Canada be the 51st State?
VOWS TO EXPEL HUNDREDS OF THOUSANDS OF ILLEGAL IMMIGRANTS FROM THE UK
Sound familiar?
WHO ARE THE REAL CULPRITS OF CANCELED FREE SPEECH: First Amendment Rights
“MOST PEOPLE HAVE NO IDEA WHAT’S ABOUT TO HAPPEN AFTER TRUMP’S RESPONSE TO ILHAN OMAR”
TRUMP REALLY STUCK IT TO THEM
TRUMP’S FULL ADDRESS TO THE UNITED NATIONS
Tuesday at the United Nations, NYC
DEMS BLOW THEIR LID OVER JIMMY KIMMEL
Of course, the Dems these days have nothing else constructive to do and so why not continue their attack on Trump. Folks, you can’t make this stuff up. It has gotten to the point of being so ridiculous and does not even make sense.
WHO’s REALLY INSIGHTING PEOPLE TO COMMIT THIS VIOLENCE?
Again, someone sent these politicians a script to follow to get on the news in front of the cameras. Yes, it was time to call Trump a “fascist”.
My point is not so much that they called Trump a fascist, as we all know he is not and we don’t buy their stupid rhetoric. Instead, I just wanted to bring out how someone behind the scenes is telling them what to say and when to say it. Is it coincidental that all get on the band wagon at the same time and call him the same nasty words. Now after their wishes of violence have come true with the two assassination attempts on Trumps life and not the actual killing of Charlie Kirk, we must take a step back and ask who is really insighted the violence and how do we stop this?
I COULD NOT HAVE SAID IT ANY BETTER….
Katie Hopkins speaks out in London 2025 on regaining our freedoms.
IRAQ’S GOLD RESERVES REACH RECORD HIGH, STRENGTHENING THE DINAR.
An economic expert revealed that Iraq’s gold reserves have reached record levels, unprecedented for the Central Bank, in a clear indication of the country’s strengthening financial strength.
Record growth in reserves
Economic expert Munir al-Obaidi said in a post on his social media page on Wednesday, September 24, 2025, that the Central Bank of Iraq’s gold reserves exceeded 24 trillion dinars, a 13.3% annual increase and a 135% increase compared to 2022.
He added that gold reserves accounted for 20% of the total reserves, which amounted to 123 trillion Iraqi dinars. He noted that this figure represents a record high since the establishment of the Central Bank of Iraq, as gold reserves had previously not exceeded 20 trillion dinars, and its contribution to total reserves had never reached 20% before.
The impact of gold on the Iraqi economy
Al-Obaidi explained that reaching this level of gold reserves enhances the strength and value of the Iraqi dinar, especially in light of the global fluctuations witnessed by various currencies, including the dollar.
He pointed out that the Central Bank of Iraq is keen to increase the percentage of gold reserves because it represents a factor of safety and financial stability in the face of international economic fluctuations, and enhances the ability to confront any potential financial crises.
Conclusion
The rise in Iraq’s gold reserves to record levels is a significant financial achievement that reflects the Central Bank’s prudent reserve management policies, enhances confidence in the Iraqi dinar, and provides additional protection for the national economy from global market fluctuations.
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DELETING THREE ZEROS FROM THE DINAR: CITIZENS’ CONCERNS AND EXPERTS’ WARNINGS
Talk of the possibility of removing three zeros from the Iraqi currency has raised concerns among a wide segment of citizens and economists alike, amid questions about the national economy’s readiness and families’ ability to withstand the shock of a currency change, given insufficient salaries and unfulfilled reform requirements.
Many citizens believe that reducing the number of zeros will reduce the nominal value of wages and pensions, making the decision worrisome unless it is preceded by real salary increases and the provision of a social safety net that enables citizens to adapt to the change.
One citizen said, “Before making this decision, the government should reach out to citizens and increase salaries and daily wages, because existing salaries are already weak and insufficient, and a measure like removing zeros will only increase people’s suffering.” Another citizen added that implementing this measure requires a strong economy, sufficient financial reserves, and a lack of dependence on foreign policies such as those of the US Federal Reserve.
From a professional perspective, economic experts believe that deleting zeros is not without risk in the current circumstances, and that its implementation requires a series of preliminary measures that could extend for months.
Speaking to Kurdistan 24, Dr. Safwan Qusay, an economic expert, warned that “financial and economic stability at this time cannot tolerate a financial shock. Such a measure requires months of preparation, and the direct victims could be employees.” He emphasized that its implementation imposes strict security and banking controls, including border and airport monitoring, and identifying the sources of currency and its holders to prevent suspicious flows.
Other circles fear that deleting zeros could open the door to the exploitation of corrupt funds, and could be used as a pretext for money laundering and the disposal of assets accumulated by major corrupt individuals if implemented without transparent mechanisms and strict oversight.
Analysts believe that the safe path for a decision of this type involves a series of simultaneous steps: strengthening financial reserves, gradually raising wages to protect purchasing power, launching broad awareness campaigns, and activating oversight mechanisms to prevent the exploitation of opportunities for illegal transactions. The call remains extended to the relevant authorities to initiate a comprehensive national dialogue with citizens and experts before any final decision is made, to avoid negative repercussions that could exacerbate living and financial conditions.
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THE PRESIDENT WILL STRENGTHEN IRAQ’S RELATIONS WITH COUNTRIES FROM NEW YORK
Iraqi President Dr. Latif Jamal Rashid attended the 80th anniversary celebrations of the United Nations on Monday, September 22,
The president’s participation in the UN ceremony reflects Iraq’s appreciation for the efforts of the United Nations to maintain international peace and security and respect for human rights and the principles of freedom.
The ceremony was attended by Deputy Prime Minister and Foreign Minister Fuad Hussein, Deputy Prime Minister Gubad Talabani, National Security Advisor Qasim al-Araaji, Presidential Advisors and Experts Dr. Ali Shukri and Prime Minister’s Advisor Dr. Khalid Yaqubi.
Iraqi President meets with his Portuguese counterpart
Iraqi President Latif Jamal Rashid met with Portuguese President Marcelo Ribeiro de Souza in New York on Tuesday, September 23, 2025, as part of his participation in the 80th session of the UN General Assembly.
The meeting discussed developments in the general situation at the international level and bilateral relations between the two countries, in which the President stressed that Iraq’s policy is based on openness and strengthening cooperation relations with the world in order to ensure and strengthen regional and international stability.
He also praised the Portuguese stance in supporting the Palestinian cause and the Palestinian people and stressed the importance of continued coordination in international forums to support the rights of the Palestinian people and end the aggression they face.
For his part, Marcelo Ribeiro de Souza thanked his country for its relations with Iraq and expressed his country’s desire to expand the horizon of bilateral cooperation and support Iraq’s efforts in the field of reconstruction.
The meeting was attended by Deputy Prime Minister and Foreign Minister Fuad Hussein, Ivan Faiq Jabro, Minister of Immigration and Refugees, Dr. Kamil Dlaimi, Head of the Presidential Office and a number of officials from both sides.
Iraqi President and Azerbaijani President meet
Iraqi President Latif Jamal Rashid met with Azerbaijani President Ilham Aliyev at the UN headquarters in New York on Tuesday.
The meeting discussed bilateral relations between the two countries and how to develop mutual cooperation opportunities.
The two presidents exchanged views on a number of regional and international issues and stressed the importance of coordination and positions on the UN agenda.
The President reiterated Iraq’s commitment to build balanced coordination and open new horizons for coordination that will serve security and stability and benefit the peoples of the region.
For his part, President Aliyev expressed his appreciation for Iraq’s positions in promoting international peace and security and his country’s willingness to expand cooperation and develop coordination between the two friendly countries.
The meeting was attended by Deputy Prime Minister and Foreign Minister Fuad Hussein and Deputy Prime Minister Gubad Talabani; and the Chairman of the Board of Advisors and Experts in the Presidency, Dr. Ali Shukri and a number of senior officials from both sides.
Iraqi President meets with his Armenian counterpart
د. President Latif Jamal Rashid received Armenian President Vahagan Khachaturian at his residence in New York on Monday.
The meeting discussed bilateral relations between the two countries and how to develop cooperation in the fields of economy, culture and higher education.
The President stressed the importance of expanding the horizons of cooperation and coordination in international forums.
The meeting also discussed the work of the General Assembly meetings and their outcomes, as well as the current international situation.
The two presidents exchanged views on the challenges facing the international community, including growing international tensions, food and energy security crises, migration and climate change, while stressing respect for international law and the principle of dialogue to resolve conflicts and maintain international peace and security.
During the meeting, the two sides reaffirmed their commitment to support multilateral efforts to resolve global challenges and develop international solidarity in the face of security, humanitarian and economic crises.
The meeting was attended by Deputy Prime Minister Gubad Talabani and Dr. Saleh Hasnawi, Minister of Health; Dr. Kamil Dulaimi, Head of the Presidential Office; Khalid Yaqubi, Advisor to the Prime Minister and a number of senior officials of both sides were present.
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PRESIDENT: IRAQ IS READY TO BECOME A POINT OF CONTACT BETWEEN EAST AND WEST
I am proud to stand before you, to speak on behalf of Iraq, with the long history you know, and to thank the United Nations for its role in supporting and defending the democratic system,” Iraqi President Abdul Latif Jamal Rashid said.
Iraq is ready to become a point of contact between East and West
“Iraq has regained its normal position in the international community and its relations with its neighbors and is ready to become a point of contact between East and West,” he said.
Iraqi minorities will not be genocided again
Dr. Latif Rashid said that our efforts to return the refugees need international support, it is important to assure minorities in Iraq that they will not face genocide again, he said, as a lawyer working for clean elections and peaceful transfer of power We are working to activate the investment of our great potential, and we call on investment countries to turn to Iraq.
Drought and desertification threaten Iraq
Regarding climate change and drought, the Iraqi president warned that Iraq is one of the countries most affected by climate change, water shortages, drought and desertification threaten the existence of Iraq, so Turkey and Iran should be careful not to harm Iraq.
The establishment of a Palestinian state is the only way to peace
“There is an urgent need to stop the war in Gaza and the establishment of a Palestinian state is the only way to achieve peace in the Middle East,” he said.
The Syrian government must respect coexistence
Dr. Latif Rashid said that the Syrian government must respect pluralism and coexistence.
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KURDISTAN: ALL OIL COMPANIES SIGNED THE TRIPARTITE AGREEMENT EXCEPT ONE, AND THIS DOES NOT AFFECT
The Ministry of Natural Resources in the Kurdistan Region confirmed, on Wednesday, the completion of its oil export obligations, while indicating that it is awaiting the signing of the agreement with the federal government.
The ministry said in a statement received by (Al-Youm Al-Akhbariya), that “the Ministry of Natural Resources has fulfilled all its obligations related to the export of oil from the Kurdistan Region with the federal Ministry of Oil, within the framework of the recommendations and decisions of the Council of Ministers.”
It added that “all local and foreign companies signed, with the exception of one foreign company that did not sign the agreement, which does not affect the tripartite agreement between our ministry, the companies, and the federal Ministry of Oil.”
It continued: “We are awaiting the response of the federal Ministry of Oil to sign the agreement, so that the State Oil Marketing Organization (SOMO) can start exporting oil as soon as possible and implement the terms of the agreement.”
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WHAT BRICS HAS TO LOSE AT THIS YEAR’S U.N. GENERAL ASSEMBLY
The 2025 United Nations General Assembly will be an important week for the China-dominated BRICS economic collective.
By John Hayward
The 2025 U.N. General Assembly (UNGA) will likely be dominated by the drama over European states unilaterally declaring Palestinian independence, but it will also be an important week for the BRICS economic collective, which has positioned itself as an alternative to the post-World War II international order led by the United States and Europe.
BRICS is named after its first five members: Brazil, Russia, India, China, and South Africa, which joined after the group’s founding in 2009.
The name BRIC was coined in 2001 by a Goldman Sachs economist who saw the four original members coalescing into a mega-economy that could challenge the power of the Western world. Russian President Vladimir Putin thought that sounded like a great idea and hosted the first official summit in 2009. China invited South Africa to join the following year.
Five new members were added in 2023, including Egypt, Iran, the United Arab Emirates (UAE), and Ethiopia. In October 2024, 13 more “partner countries” were added, gaining what amounted to observer status at BRICS meetings. Partner nation Indonesia graduated to full membership in January 2025.
Argentina and Saudi Arabia were also invited to join BRICS in 2023. Argentina, under pro-U.S. libertarian President Javier Milei, declined the invitation, while Saudi Arabia is keeping its options open.
The current roster of BRICS is a somewhat uneasy mixture of bad actors like Russia and China, which hope to build the bloc into an effective counter to the U.S.-led Group of Seven (G7) nations, and countries like India and the UAE, which are not quite so eager to climb aboard an explicitly anti-Western alliance dominated by Beijing. Brazil holds the rotating presidency of BRICS this year, but no serious observer doubts that China is the permanently commanding member.
BRICS has definitely grown in influence, with its membership now encompassing something like a quarter of the planet’s Gross Domestic Product (GDP) and half its population, but its membership remains sharply divided on both political and economic issues. One of the few things they have in common is a feeling that the international system has been dominated by the U.S. and Europe for too long.
As the Council on Foreign Relations (CFR) pointed out in a June 2025 analysis, the most important thing BRICS actually does at the moment is manipulate institutions like the United Nations. BRICS desperately needs a strong, active, and well-funded U.N. to keep itself relevant.
There has been some meaningful economic coordination between the members, and some of them dream of creating an alternative financial system that would dethrone the U.S. dollar, but the BRICS development funds are a fraction of the size of the World Bank and International Monetary Fund (IMF).
The Russian invasion of Ukraine in 2022 caused a good deal of tension between the members, especially since many of them believe the highest aspiration of BRICS is to prevent smaller nations from getting steamrolled by superpowers. Supporting, or tacitly accepting, Putin’s war of conquest made it harder for the other members to claim they desire respect for smaller nations above all other goals.
Within the BRICS coalition, India would very much like to be the leader of the “Global South” constellation of developing nations, rather than China (for either of those titanic, resource-hungry economies to claim they are “developing nations” is increasingly laughable).
Some of the older members fear the 2023-2025 membership drive would dilute their own influence. A few of them have been reluctant to burn bridges with the United States by pledging themselves to a hostile China-dominated alliance whose stated goals include blowing up the American currency.
With that in mind, the UNGA is perhaps the most important platform for BRICS. The U.N. hierarchy has been quicker to recognize BRICS as a major force in global politics than the U.S., NATO, or the G7. Secretary-General Antonio Guterres has become a regular speaker at BRICS summits, where he often salutes the bloc as more amenable to globalist goals than the Western world, especially since President Donald Trump returned to office.
President Trump’s tariff diplomacy has given the BRICS nations some reasons to cleave together, but has also prompted some anxiety because the bloc cannot collectively replace the income its members gain by trading with the United States. Trump is also cutting back on American funding for international programs that the BRICS members rely upon. His whole approach has been calling globalism’s bluff as an illusion disproportionately financed by the American taxpayer.
This is not really a conversation most of the BRICS members want to have right now, years before they might be truly ready to compete with the Western economy. There is also little opportunity for this year’s UNGA to give the BRICS nations a chance to take center stage on major international affairs. They are largely tangential to the Palestinian-Israeli drama and, as mentioned, Russia’s war in Ukraine is an uncomfortable subject for them, given that one of the founding BRICS members is the perpetrator.
The best outcome BRICS might expect from UNGA would be a strengthening of the international institutions in which they would like to hold more important roles, such as the United Nations itself. The problem is that Trump seems unlikely to reopen America’s wallet, and no one else can match the funding America provided.
India is working on delicate trade negotiations with the United States at the moment, including meetings on the sidelines of UNGA, so it will probably want to avoid antagonizing the United States with theatrics at the General Assembly. Brazil and South Africa have strained relations with America at the moment, while Russia and China are outright adversaries.
The more trouble the BRICS nations cause at the UNGA, the more they might weaken America’s interest in the United Nations itself, and the Palestinian drama is likely to test Trump’s patience. If the senior and junior members of BRICS are smart, they will spend much of the coming week talking about how much they love and respect the United Nations.
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PRESIDENT RASHID AT UNGA 80: IRAQ RESTORES INTERNATIONAL STANDING
President of the Republic of Iraq, Dr. Abdullatif Jamal Rashid, addressed the 80th Session of the United Nations General Assembly in New York, affirming Iraq’s restored role on the international stage and outlining the country’s vision for peace, development, and regional stability.
President Rashid highlighted Iraq’s leadership as current chair of both the Arab Summit and the Group of 77 and China, noting the country’s active participation in organisations such as OPEC, the Non-Aligned Movement, and the Organisation of Islamic Cooperation. He underlined that Iraq is once again a constructive partner in international and regional affairs.
President Rashid announced that Iraq is preparing for its sixth parliamentary elections, consolidating the process of peaceful power transfer, which he described as a “bright example” in the region. He reaffirmed Iraq’s democratic path, commitment to free and fair elections, and readiness to host international or regional UN offices as part of strengthening cooperation.
On security, President Rashid recalled Iraq’s successful fight against terrorism, stressing that global efforts must hold accountable all parties who finance or support extremist groups. He also urged collective implementation of UN Security Council resolutions on counter-terrorism.
Addressing humanitarian issues, President Rashid said Iraq continues to prioritise the safe return of displaced persons to liberated areas, while requiring international assistance to rebuild devastated cities. He underscored the importance of protecting minorities such as Yazidis and Christians and ensuring their right to live securely in their ancestral lands.
Turning to economic and development matters, Iraqi President said the country is pursuing reforms and diversifying its economy beyond oil, with significant investment opportunities in energy, water, electricity, agriculture, industry, and infrastructure. He called on the international community to support Iraq in recovering smuggled funds and expanding partnerships.
On environmental challenges, President Rashid warned that Iraq is among the countries most severely affected by climate change, citing desertification, water scarcity, and intensifying dust storms. He outlined Iraq’s efforts to develop renewable energy, improve water management, and cut carbon emissions, while urging stronger international cooperation, particularly with upstream countries on fair water-sharing agreements for the Tigris and Euphrates rivers.
President Rashid also used the platform to reaffirm Iraq’s principled foreign policy. He called for an immediate end to the suffering of Palestinians, condemning ongoing aggression in Gaza and other violations of sovereignty in the region. He renewed Iraq’s support for the establishment of an independent Palestinian state as the only path to lasting peace in the Middle East.
On regional stability, he rejected the use of Iraqi airspace for military operations and stressed the need to keep the Middle East free of weapons of mass destruction, while supporting the peaceful use of nuclear energy under international oversight. He also reiterated Iraq’s readiness to foster dialogue among regional powers and promote cooperation instead of conflict.
Concluding his speech, President Rashid declared: “Iraq’s message is clear: We are not asking for sympathy, but for partnership – a partnership to heal our land, secure our rivers, achieve our security, empower our youth, and unite our region rather than divide it.”
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WITKOFF: TRUMP HAS PRESENTED REGIONAL LEADERS WITH A PLAN FOR PEACE IN THE MIDDLE EAST
The US special envoy for the Middle East says he expects major progress on Gaza in the coming days and revealed that the US president has presented a comprehensive plan for the Middle East to Arab and Islamic countries.
US Special Representative for the Middle East Steve Witkoff said Wednesday that the US president has made several ideas during a meeting with Arab and Islamic leaders on the sidelines of the UN General Assembly.
“We have presented a plan called ‘Trump’s 21-point plan’ for peace in the Middle East and Gaza,” he said.
“I think this plan responds to Israel’s concerns as well as the concerns of all its neighbors in the region; we hope and I can even say we are sure that we can announce some kind of major progress in the coming days,” Witkoff said.
Witkoff and Trump have repeatedly expressed hope for an end to the devastating nearly two-year war. On Tuesday, Trump met with leaders of Turkey, Egypt, Pakistan, Qatar, the UAE, Jordan and Indonesia on the sidelines of the UN General Assembly to discuss ending the Gaza war and releasing hostages.
After the meeting, they issued a joint statement highlighting the tragic situation in the Gaza Strip and its dangerous consequences for the region and its impact on the Islamic world in general. They also reiterated their common position against the forced relocation of the residents of the sector.”
Arab and Islamic leaders stressed the need for a comprehensive plan for the reconstruction of Gaza and the need to end the war and reach an immediate ceasefire that secures the release of hostages and allows the flow of necessary humanitarian aid as a first step towards a just and lasting peace.
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HIGHLIGHTS FROM IRAQ’S ADDRESS TO THE 80TH SESSION OF THE UN GENERAL ASSEMBLY
🔷 Iraq has regained its rightful place in the international community and in its relations with neighbors, chairing the Arab League summit and the Group of 77 and China, while maintaining an active role in regional and international organizations.
🔷 Parliamentary elections — the sixth since 2003 — will take place in the coming weeks, reaffirming the peaceful transfer of power and the consolidation of constitutional institutions, a remarkable achievement in the region.
🔷 With the support of its partners, Iraq defeated the most dangerous terrorist threat of our time and is now working to erase its remaining traces through national unity, development strategies, and forward-looking policies.
🔷 Efforts continue to return displaced families to their homes after liberation from terrorism, with international support needed to rebuild devastated towns and reassure communities such as Yazidis and Christians who endured genocide, enslavement and displacement.
🔷 Iraq is pursuing sustainable economic and social development by unlocking its vast potential, reducing dependence on oil and diversifying the economy through agriculture, industry and renewable energy.
🔷 Significant investment opportunities are available in water, electricity and infrastructure projects, with a call for international partnerships. Cooperation is also sought to recover funds stolen and smuggled abroad.
🔷 A national population census — the first in decades — showed Iraq’s population exceeds 46 million and grows by nearly one million annually, presenting both opportunities and challenges.
🔷 Iraq is among the countries most affected by climate change, facing desertification, water scarcity as an existential threat and intensifying dust storms.
🔷 The country is responding with renewable energy projects, improved water management, reduced carbon emissions and expanded green zones.
🔷 The principle of “common but differentiated responsibilities” remains essential in addressing climate change, particularly in the fair management of shared and transboundary rivers.
🔷 While recognizing pressures from climate change and population growth, Iraq calls on Turkey and Iran to avoid measures that harm Iraq, through which the Tigris and Euphrates flow from north to south.
🔷 The killing, starvation, displacement and destruction inflicted on Palestinian civilians represent a disgrace to humanity and must be stopped immediately.
🔷 A just and lasting resolution of the Palestinian issue — rooted in UN resolutions and culminating in an independent Palestinian state — remains the only path to peace and stability.
🔷 Aggressions by the Zionist entity in Syria, Lebanon and most recently Qatar are condemned as clear violations of international law and the UN Charter.
🔷 Iraq renews its call for a Middle East free of weapons of mass destruction, while affirming the right of all states to peaceful nuclear energy and demanding international inspections of all facilities, including those of the Zionist entity.
🔷 Iraq supports Syria’s sovereignty, stability and territorial integrity, seeks stronger cooperation in counterterrorism and urges respect for pluralism, coexistence and freedom of worship.
🔷 Unauthorized use of Iraqi airspace for military operations is firmly rejected as a violation of sovereignty and a threat to citizens’ safety.
🔷 Diplomatic initiatives to restore dialogue between Iran and the international community are welcomed, with the aim of securing an agreement that safeguards Iran’s right to peaceful nuclear energy within international obligations.
🔷 Full support is expressed for the peace process in Turkey and for the Kurdistan Workers’ Party’s decision to abandon armed struggle, with a call for a political and legal framework enabling peaceful participation.
🔷 Since 2003, Iraq has upheld a principled policy of good neighborliness with Kuwait, strengthening bilateral ties and working to resolve all outstanding issues left by the former dictatorship.
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IRAQ: END OF CURRENCY REFORM STAGE
Iraq has officially entered the final stage of its longawaited currency transformation,
as confirmed by Prime Minister Muhammad Shia al-Sudani.
This historic shift marks a significant step in modernizing Iraq’s financial system,
including the modernization of banks and stronger regulations. The announcement
comes after years of reforms aimed at stabilizing the Iraqi dinar and improving its value against foreign currencies.
The Iraqi government has also taken measures to contain the dollar exchange rates, such as increasing the number of beneficiaries from the social protection network and
allowing government banks to sell dollars to citizens at the official rate.
Additionally, the government plans to end the dollar auction system at the Central Bank by yearend, aiming to integrate Iraqi banks into global banking and shift to directcommercial banking transactions altogether. These actions are part of a broader effort to digitize government services, improve the
salary disbursement process, and enhance the stability of the Iraqi dinar exchange rate against foreign currencies.
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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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