Friday Mnt Goat Update - "What Lays Ahead?"

1/15/2016


UU6856 – “What Lays Ahead?” by Mnt Goat

Hello Everyone,

WOW !

NO Hype, NO Rumors just the FACTS.

Today’s News

Today is Friday January 15th 2016 and yes we have entered the third week of the new year already and still no RV. I totally expect to see more and more articles talking about the Iraq currency and its devaluation to the US dollar.

Oh – but what about those that swore months ago the RV already happened and we are just waiting for our turn to exchange? Really? That was months ago. They same so called intel “gurus” told us they were exchanging in other countries like Canada and Indiar. Really? When asked to show us the proof they then retract their statements and say it was unverified. Oh yes unverified. I thought so much. Or some even say they verified rumor with others receiving same rumor so they verified rumor with rumor sources? Really?

So where is our new rate? Why can’t we go to the banks and exchange our currency for a higher value? Easy answer to that - Read my lips very closely – IT IS BECAUSE THE RV HAS NOT YET OCCURRED!

Update: Currency Reform

I want to begin my reporting to you today with news that I have retained from a recent conversation with my CBI contact this week.

 It was time to chime into this contact and way overdue to see what is currently on the minds of these people.

What I found out was that they are still working closely with some major financial players from the IMF and the world financial experts who have been involved many times in currency reforms for a country bouncing back from a war situation.

 GB and USA are also major players.

 They told me Iraq had made promises they would complete certain laws prior to recess on 12/13 but did not complete them and instead adjourned for recess.

 Now IMF is moving more aggressively on Iraq to line up events for end of January to ensure the success of needed laws pertaining to economic and financial matters leading to currency reform.

 Meantime they try to quite the people with articles to satisfy curiosity of what is going on with the currency.

 They also told me that November was a month of currency reform education as they tried to inform the people of what was to come next.

 I was then told to expect yet more of this education and to look forward to it at the end of January and early February and they will be moving ahead with currency reform at this timeframe.

So this week we witness yet more and more pressure on the economy of Iraq due not having their currency properly valued (now severely under valued).

We have to keep asking ourselves – What are they waiting for?

But what we also know they are paying attention to the matter and developing a strategy to deal with it. The article below is giving us insight into this process. But I believe this is just talk to satisfy the citizens. What we also know from the article is that it is not Iraq itself that is holding up currency reform but another entity outside of Iraq (PTB), as we suspected all along.

 How do I know this and confirm this?

Why would Abadi be thinking about an alternative to pay the government salaries by using foreign currencies and not the dinar if he has the power to increase the Iraqi dinar value (through the CBI)?

I quote from the article below – “undermine the salaries of employees and retirees foreign while calling on expert to shift from the dinar to alternative currencies to avoid the current financial crisis”

By the way Abadi’s statement the other day was a warning to the PTB holding back the currency reform from Iraq in that he is about to resort to using foreign currencies in his economy to pay the bills rather than wait any longer until they decide to let the dinar RV. I guess you can say it is an informal “threat” because he used the term alternatives which means they are seriously considering it. We have see three articles already on this same topic about using foreign currency to pay the bills so we know they are serious.

Article Begins

THE GOVERNMENT IS WORKING WITH THREE ALTERNATIVES IN ORDER TO AVOID THE ECONOMIC CRISIS AND THE PAYMENT OF SALARIES

Long-Presse / Baghdad
Denied Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, and there is no intention to undermine the salaries of employees and retirees, and stressed that the government is working with three lines as alternatives to avoid the current financial crisis, while calling an expert to shift from the dinar to foreign currency being a "real constraint" on economic activity Iraqi, and carried the Finance Committee, a member of the parliamentary government, blamed for worsening the financial crisis and demanded not to take the consequences on citizens.

Abadi adviser: no intention to undermine the salaries of employees and retirees
He said the appearance of Mohammed Saleh, an economic advisor to the Prime Minister Haider al-Abadi, said in an interview to the (long-Presse), "The talk of cutting staff salaries or laid off or give them compulsory leave just rumors," denying that "the government has talked about the prejudice of those salaries."

Saleh added, "The government is working with three lines as alternatives to avoid the financial crisis faced by the country is currently estimated at guaranteed pay employees' salaries," noting that "the government is working hard to secure the needs of the fronts of the war against terrorism to liberate the land of Iraq as a job basis."

He explained adviser Abadi, that "the army and the crowd and popular Peshmerga, they were able to restore 50% of the usurped land by Daash terrorist gangs, so they deserve a lot," pointing out that "the government is responsible for the lives of four million and 500 thousand employees, and three million and 750 thousand retired , they are linked to government payments system, and it must do financial management to ensure the necessary financial sustainability by working hard day and night for the advancement of such great responsibility.
"
The head of the Council of Ministers, Haider al-Abadi, denied on Tuesday (January 12, 2016), during the Cabinet meeting held in the province of Basra, "rumors" about the reduction of employees' salaries or give them leave or reduce their number, and accused "some people seeking to shuffle the cards and transmit rumors ".

Expert: should shift from the dinar to foreign currency being a real constraint on economic activity

For his part, economist Ahmed Rehn, said in an interview to the (long-Presse), that "the government will not have to cut employees' salaries or even reduced, because the central bank's reserves are sufficient to stroll things until the end of the current 2016," noting that it "includes salaries the general staff, not parliamentarians, ministers and senior officials. "

And saw Bureihi, that "the government problem lies being do not take the advice," adding that "a lot of experts and specialists have repeatedly asserted that the problem lies in foreign currency management, which constitute a real constraint on public finances, the first constraint on economic activity in Iraq."

He said economic expert, that "the government has neglected this constraint (foreign currency) instead of take care of him at this stage", calling on the government to "take note of the fact that oil supplier foreign currency intervention in Iraq, so the decline in prices leads to the problem of declining foreign currency volume in Iraq."

He Bureihi, that "the government wants to import and pay obligations abroad, and that the private sector is the other wants to import and invest abroad, which means there is an urgent need for foreign currency," stressing that "the state should be transformed from the dinar to foreign currency and manages the Iraqi economy Based on that".

Parliamentary Finance: to endure as a result of government mistakes and not take the consequences on citizens

She said a member of the Parliamentary Finance Committee Majida al-Tamimi, in an interview to the (long-Presse), "The decline in oil prices impact in all exporting countries, not just Iraq," afterthought "but the problem of Iraq that depends on oil by 93 percent versus seven percent for other revenue."

She said Tamimi, that "the other exporting countries diversified income and development funds to invest oil revenues, and the accumulation of financial reserves enabled it to cope with the current crisis," adding that "the current Iraqi government took office through September of 2014, ie at the beginning of the crisis, the collapse of oil prices, but not drawing up plans or programs to address them. "

She asked a member of the Parliamentary Finance Committee, "why the government is not working to find alternatives for the development of the economic side and avoid the current deterioration, and why not do the customs tariff which legitimized by the House of Representatives since 2010, which would have saved them added resources law", stressing the need to "government bear results not make innocent citizens pay the price for their mistakes. "

The world oil prices fell more than 60 percent since the summer of 2014 the past, where fallen from about $ 120 a barrel then, to less than 34 dollars currently.

Article Ends

Next I bring you a very interesting article. It is telling us that there is an entity within Iraq that also wants to undermine the currency. Oh- Who could this entity be? Could it be more of the Maliki syndrome and Iranian influence since they know they are shortly to be kicked out of Iraq? As usual if they can’t have it they will destroy what is left behind. Remember these people make chaos since they can not function in a normal, prosperous world.

I quote from the article – “"The bank said it" continues to work window sell the currency and meet the market needs of the dollar in light of the strength of its reserves of foreign currency, "adding that" some of the speculators and other abusers who, during the few days the last exploiting the statements of some officials and politicians, as reflected manipulating exchange rates in the local market.”

I quote again – “ "Bank and called on citizens and the media to" be alert to these malicious rumors, which aims to confusion and confuse the Iraqi market within the campaign waged by the enemies of our country.”

So now it appears a currency war is going on within Iraq itself

I do not like this article and it puts a chill down my spine when I read it.

There is NO good news here. It is telling us they are still struggling with the higher US dollar value over the dinar value and they really do not have a solution to this problem.

It is telling us they will continue and may have to increase the currency auctions to put yet more US dollars into circulation in Iraq’s economy. If fact they are telling us they will increase the dollars auctioned off.

The danger is that in only 2 years the will have depleted the entire CBI reserves if they continue on this path. When I first started watching these money auctions they were at 65 trillion dinars and now they are already at 54 trillion dinars. By the way this article is converting US Dollars to dinars for the sake of the article but the CBI reserves are actually in US dollars not dinars so don’t be confused.

I quote from the article below – “The mortgage Laibi "Back Exchange Dollar TO PUT IT PAST THE ABILITY OF THE CENTRAL BANK TO DEFEND THE OFFICIAL PRICES NORMAL without the impact of what is happening in the market today. "He added that" THIS WOULD BE THROUGH AN INCREASE IN THE DOLLAR AMOUNTS IN THE CURRENCY AUCTION, in addition to the delivery of reassuring messages to the street dispel fears that prices will continue to rise ".

I quote again – “But he worried about" the survival of the current situation, which leads to A COMPLETE CONSUMPTION OF THE BANK RESERVES OF 54 TRILLION DINARS IN TWO YEARS. "In this case, coffee asserts that" Iraq will be in front of two choices: either to reduce salaries and imposing new taxes and this difficult choice will play Rose an angry reaction from the street.

Again they are telling the PTB in this article they need their currency back online (true value) and they need it before the situation gets out of control.

Article Begins

"CENTRAL" FOR "NEW MORNING": SPECULATORS ARE TAKING ADVANTAGE OF STATEMENTS MADE BY OFFICIALS TO MANIPULATE EXCHANGE RATES

JANUARY 13TH, 2016

Denied breaking into its premises and confirmed not to stop selling the dollar

BAGHDAD - Mohammed Major:

The Central Bank of Iraq, on Wednesday, Iraq, subjected to an economic war, accusing speculators broadcast the rumors for the purpose of raising the price of the dollar in the local markets, while stressing that he continues his work through currency auction, He noted that the cash reserves of existing reassuring.

He denied the Iraqi Central Bank, the rumors about the storming of its premises or that there is a lack of liquidity or stop the process of sale to the dollar, noting that some of the "abusers" are taking advantage of statements made by officials to manipulate exchange rates in the markets.

In the meantime, experts guessed Economists expiry of the current crisis over the next week, calling the official authorities to take urgent measures in order to maintain hard currency prices.

He says Director General of the cabinets and the version in the central bank Ahsan Shomran Yasiri in an interview with "New Morning", that "a new war waged on Iraq added to the current challenges through delude citizens that the economic situation is in danger.

"Yasiri said that" speculators seeking by broadcasting rumors to confuse the Iraqi financial situation, "pointing out that" adequate precautions and not worrying.

"He pointed banking official to be" the central bank continuously his work in the currency auction according to legal procedures and that things are going according to normal procedures.

"In a related development, the bank said in a statement received" morning new "that" rumors that were fired on storming the central bank or that there is a lack of liquidity or stop the process of sale to the dollar nude for health, "denying" the rumors.

"The bank said it" continues to work window sell the currency and meet the market needs of the dollar in light of the strength of its reserves of foreign currency, "adding that" some of the speculators and other abusers who, during the few days the last exploiting the statements of some officials and politicians, as reflected manipulating exchange rates in the local market.

"Bank and called on citizens and the media to" be alert to these malicious rumors, which aims to confusion and confuse the Iraqi market within the campaign waged by the enemies of our country.

"For his part, sees expert Economic Maitham coffee in his commentary to the "New Morning", that "the statements Almichjnh to some politicians and pessimism about the state's inability to fulfill the salaries and the continuation of the financial crisis are all factors that led to the rise of the dollar, in conjunction with the continuing decline of international oil market."

The mortgage Laibi "Back Exchange Dollar to put it past the ability of the central bank to defend the official prices normal without the impact of what is happening in the market today. "He added that" this would be through an increase in the dollar amounts in the currency auction, in addition to the delivery of reassuring messages to the street dispel fears that prices will continue to rise ".

But he worried about" the survival of the current situation, which leads to a complete consumption of the bank reserves of 54 trillion dinars in two years. "In this case, coffee asserts that" Iraq will be in front of two choices: either to reduce salaries and imposing new taxes and this difficult choice will play Rose an angry reaction from the street.

"He added," The second solution is by borrowing either from the central bank or private banks or individuals, "pointing out that" past experiences indicate the adoption of the government to borrow from the central bank to increase the national currency pump leads to lower strength purchasing power.
"But the expert, the other, Abbas Ghalibi likely in his statement to the" New Morning ", the return of dollar prices to normal at the end of next week.

He added that" the increase now temporary, may not exceed in the harshest dollar the 1130 conditions dinars ", He called "the central bank to intervene immediately for an end to this situation."
said Ghalibi "on the bank to impose the official prices, and do special work laws, in addition to exercise its oversight role in pursuing money laundering operations and other legal violations including things back to normal record straight and arrive positive messages to the street the possibility of control over the economic situation.

"It is noteworthy that Iraq is suffering from the global economic crisis because of the collapse in oil prices led to take a number of austerity measures at all levels.

Article Ends

After all that BAD news in the last couple article let me bring you some good news.

I quote from the article below – “about the movement of some European countries to find out who owns properties or invest the money on the expense of Iraq, while stressing that the committee disclose all past corruption and corrupt files.”

I also want to note it is not that easy to find the culprit of the stolen funds from Iraq as they are telling in this article below.

I quote from the article – "the Commission can not accuse the block or a particular person but treasury Iraq came to the state and the stolen funds through contracts, front companies and people and extravagance and goods are corrupt."

Can they ever get the culprits? They are telling us this will happen as the files will be opened by the judiciary and eventually those involved will be revealed and brought to justice.

I quote again from the article - "All the papers will reveal by the judiciary being the owner of the power with respect to the first arrest and the recovery of funds," noting that "he was involved from the right of Iraqis to pay and the right to a fair sanction of law."

Article Begins

EUROPEAN COUNTRIES ARE MOVING TO HELP IRAQ REGAIN HIS MONEY STOLEN
Special - scales News

Detection of the Parliamentary Integrity Committee member Abdul Karim Alabtan, Wednesday, about the movement of some European countries to find out who owns properties or invest the money on the expense of Iraq, while stressing that the committee disclose all past corruption and corrupt files.

He's Alabtan / scales News /, that "the government is supposed to move towards the recovery of Iraqi funds from abroad, attributing the cause that Iraq is going through a major economic crisis", calling for "recovered to strengthen Iraq's financial situation."

He added, "Some European countries began accountability of feel that they are the properties owners on the Iraqi capital account, especially after the recent decision of which emerged from the British Security Council," stressing that "Iraq spoke with Italy and other countries, whether there are properties of money and Extraordinary exist In their banks or are investing in real estate these countries. "

State and called on the public prosecution, to "move to recover the money," pointing out that "the prime minister began to move and put a time limit of between six months to a year to detect all corrupt files."
He pointed out, that "the past the Commission in exposing all the corruption and corrupt files," stressing that "the Commission can not accuse the block or a particular person but treasury Iraq came to the state and the stolen funds through contracts, front companies and people and extravagance and goods are corrupt."
He continued, "All the papers will reveal by the judiciary being the owner of the power with respect to the first arrest and the recovery of funds," noting that "he was involved from the right of Iraqis to pay and the right to a fair sanction of law."

The member of the committee emerging relations Razak al-Haidari accused, earlier, the government and executive authorities of failing in the restoration of Iraqi funds from overseas countries, while stressing that the Iraqi ambassadors abroad spirited Saddam Hussein's defunct regime's thinking.

Article Ends

Update: Needed Laws

I can tell you now for the needed laws we wait for parliament to come back into session on 1/19. They have told us in numerous articles they intend to bring up the HCL, General Amnesty, Federal Court, Federal Council, etc..( a basket of laws) in the first meetings of the new session. They have told us these laws are complete and all disputes are resolved. They told us they see no reason why they would not pass.

[Update: Maliki Syndrome]

Oh boy ! Makiki stikes again !

It this guy dumber than dumb?

Article Begins

MALIKI MEET "MONROE" AS "THE FIRST VICE-PRESIDENT OF THE REPUBLIC"

Twilight News / received former Prime Minister Nuri al-Maliki New Zealand Ambassador to Iraq, James Monroe, under the status of "First Vice-President of the Republic."

Maliki says the abolition of office unconstitutional, which made him insist on the use described. But his colleagues Iyad Allawi and Osama Najafi stopped using the office title with the exception of Vice President al-Maliki.

A statement issued by Maliki's office that "During the meeting, they discussed progress of the bilateral relations between Iraq and New Zealand and practical ways to consolidate in various fields.

He stressed "the importance of relations between Iraq and New Zealand, cementing the need for the interests of the peoples of the two friendly countries," explaining that "the positions of New Zealand's important support for Iraq and in favor of its issues, particularly in the area of the war on terrorism."

For his part, Ambassador James Monroe said his country "is looking to establish better relations with Iraq and invest them in the interests of the two friendly peoples," explaining that "New Zealand appreciates and supports the role of Iraq in its war against gangs Daash".

Article Ends
Article Begins

IN MASS CITIZEN MEMBER CALLS TO ARREST AL-MALIKI!

01/11/2016

The member of the coalition of the wise Mohammed Allkash, on Monday, Prime Minister Haider al-Abadi, to "arrest of Nouri al-Maliki, who is still impersonating Vice President of the Republic, despite the House vote to abolish the office."

He accused the MP Mohammad Allkash parties to the call of obstructing the application of the party this reforms, they returned to it, "Ebadi to create a problem with the other political parties."
member of a coalition citizen expects that "the coming months will see the launch of reference several options may be harsh in the case of the continuation of the reluctance of the implementation of reforms by the three presidencies.

Article Ends

Update: Fighting ISIS

The report I get from Iraq is the fighting close to Mosul (the key to ISIS extinction in Iraq) has taken place and they plan to retake Mosul entirely by end of month.

One more item today:

Let’s not forget to keep praying for the success of THESE IRAQI AND COALITION SOLDIERS. I believe their success is in part some of the acceleration of the process we are now witnessing.

“Lord, protect Abadi and all who stand with him in righteousness, the Iraq and Coalition Soldiers who are fighting the good fight against terrorism, that they would be shielded from the enemy and would be Victorious against them! We ask that the Victory comes swiftly and healing of the Iraqi peoples and all whom have been effected by these evil doers can begin!

We pray for the process of the currency reform, the full implementation of the Iraqi economy to full international status and the bringing of prosperity and wealth to its people“ Amen!

Till next time…. Auf Wiedersehen!

Peace and Luv To Ya All,
Mnt Goat