,
DINARESGURUS.BLOGSPOT.COM_________________

Thursday, June 28, 2018

MNT GOAT UPDATE, 28 JUNE

Hi Everyone,
I bring you much news today.
OBJECTIVES OF TODAY’S NEWSLETTER:
1) To clarify yet more gurus bullshit
2) To give you an update of where we stand on the election saga
First off I need to once again classify and debunk some items said by many of these stupid, idiotic gurus recently. You know who you are and I hope you are reading this newsletter today.
 RUMOR #1: Oh! The RV is imminent since they are taking the dollars off the streets in Iraq…..bla, bla, bla
This clarification is dealing with the use of the US Dollar in Iraq. Many of these gurus recently told you that the absence and measures to get the US dollars out of circulation in Iraq was worthy of RV news and meant the RV is imminent. Really? Well I am going to tell you otherwise in today’s news … sorry!
The US dollar in Iraq is not the choice of currency. There was actually a law enacted way back in 2012 that prohibits the use of the US dollar for use within Iraq. Does everyone follow the law? No, there are many violations but it is not a common practice and most merchants don’t want the dollar either.
What the hell are they going to do with them? Owing the dollar only makes you suspicious of terroristic activities, forgery and currency manipulation.
As we all should know by now, the process of getting US dollars in Iraq is through the currency auctions. It is not an easy process. These are not actually “auctions” in the sense we might think, but rather a separate teller window at the bank where merchants go, present their paperwork and documentation to certify that they are exchanging their dinars (taken in from the sale of goods or services from the marketplace) for US dollars. They need the US dollars because the outside world and many neighboring countries do not want the Iraqi dinar since it is too bulky for large sales because it is valued so low. They must pay for imports in US dollars.
The problem with the currency auctions is that people present falsified documentation as proof of the need to get US dollars from the bank. They then take these US dollars and peddle them on the streets as street traders. They set up small tables in the marketplace. They get a spread in the price of the dollar for dinars. Some people hoard dollars and buy them a little at a time when they can afford them. This is not good and de-values the dinar. Get it? This is one of the main causes of the dinar saying so low.
So they are then selling the dollars back to the citizens for dinars. They make money the process. This “spread” or markup is called the Multiple Currency Practices or MCP that I have talked about many times. This is the concern of the IMF since they need to know the CBI can control the rate of the dinar within Iraq. The rate is the CBI rate. Wide fluctuations of the rate is not good. A 2% plus or minus is acceptable but not more. Up until the past 90 day monitoring program by the IMF, the CBI has NOT been in compliance. They need this compliance as part of the rules of movement from Article 14 to Article 8 of the UN Charter for member nations. Going to Article 8 is operation of normalization of the currency practices of a member nation.
 RUMOR #2: They took the US dollars out of the ATMs so this is yet another sign the RV is imminent….
So, can you see then when these stupid, idiotic gurus tell you they have recently taken the US dollar out of the ATMs that this is nothing but a lie? A darn right, intentional lie, since they should know better by now how the use of the US dollars works in Iraq.
Putting US Dollars in the ATMs is simply is NOT true since there NEVER was US dollars in the ATMs nor will there EVER be US dollars in the ATMs. Get it?
The only legal way to obtain US dollars in Iraq is through the currency auctions. The CBI has constantly been trying to police up these US dollars and get them off the streets. How do they get on the streets? They get sold by street vendors who get them through the falsified documents through the currency auctions.
You now know why they are doing this. This is not anything new but all of a sudden it becomes RV intel. Why? Because these idiotic gurus just heard that the CBI is now taking a concerted effort to crackdown on these street venders. They are now rounding up many of these street venders and prosecuting them on the basis of this long-standing 6 year old law.
Can you see now, after all this explanation, just how ridiculous a rumor this is that the ATMs contained US dollars? You must see through these idiots who spread this misinformation. This is a sign of just how misinformed and unknowledgeable they really are about this investment. I would stay away from anyone who spreads these rumors. How can you trust anything they say?
 RUMOR #3: In the cash advance process the banks are going to the Central Bank of Iraq for an exchange rate. This is very good news for us and the RV.
So, here’s yet another rumor that gets my goat. This one really takes the icing on the cake for ignorance. I need to clarify it too. These idiot gurus are telling you that the VISA and MASTERCARDS can now allow cash advances in US dollars (outside of Iraq only). Okay true so far. But here is the lie. In the articles it told us that the banks take the dinar and convert it to the needed US dollars (or any other currency) based on the CBI rate. So, what is wrong here? NOTHING new, NOTHING of any importance for us to celebrate the RV is coming either. Why hype it up then? Don’t we really want the banks to go to FOREX and not the CBI for the rate?
So why do these gurus make such a big deal about this news? Because they think you are stupid. They think you don’t know any better. They have to sensationalize something to make news for themselves. Get it? How else will they keep you on pins and needles of an imminent RV? How else will they suck up into their conference call and forums thinking something great is about to happen? How else will they make all their money on clickity-clicks and sponsors or get your donations or “premium subscription to their backroom intel” if you don’t visit their sites?
Folks.it is all nothing but a mind game as these gurus are playing on your gullibility and ignorance. I have been telling you this is the process all along when you are outside of the country that issued your cards. The bank must convert to the exchange rate of the country of origin on any cash advance for VISA or MASTERCARD. For instance, if your card was issued in Iraq and you are in Germany, you will get Euros at the ATM as a cash advance. Why? Because you are in Germany and the ATMs are loaded with Euros. They use Euros in Germany not dinar or US dollars. Get it? You don’t have a choice of what currency to get. But in order to give the correct amount of Euros the bank must convert the dinars from your bank account in Iraq to the equivalent amount of Euros. So don’t you think this also applies to Iraq? So why in hell would the ATMs in Iraq be spitting out US Dollars. They don’t use dollars in Iraq as they use dinars. Wouldn’t this be contrary to the CBI monetary policy for Iraq? THINK…THINK…THINK…! It is not that hard to see the truth in this rumor and fake news.
The fact that the cards are going back to the CBI for the rate in NOT actually is good news for us and the RV since we want the banks to go to FOREX or another global currency exchange for the rate and not the Central Bank rate of that country. Get it? So this shows us too that the CBI is still under Article 14 of the UN Charter and has not yet advanced under Article 8 and many intel idiot gurus are now telling you already happened.
So, this news is NOT very good for us and only shows once again that many like TNMT Tony, Frank26 and DELTA are full of shit in taking this recent news and trying to hype it all up. Go back and listen to their Monday June 25th calls if you don’t believe me. They actually said this was good news for the RV coming shortly.
One more item. Many religiously follow these currency auction amounts posted by the CBI. Why?
Yes, they have been dropping recently and this is very good for the us and the RV. But no one seems to tell you why they are dropping only that they are dropping. But they have done this before and always seem to bounce back up high again for some reason. So, again I don’t watch these damned currency auction numbers and don’t make any hype over them since they tell me absolutely nothing and are so unreliable as an indicator of the RV. Combine this news with other news and many other factors and then I can see the point of watching them……maybe.
So what is bringing down the amount of US dollars auctioned off by the CBI?
First,, remember these dollars come directly out of the CBI reserves. Well did you read the couple article about the Agriculture practices in Iraq? The article told us that since they can now supply almost all of the wheat, fresh fruits and vegetables consumed within Iraq, they can now even export some. So, instead of having to go to the currency auctions to buy US dollars to pay for imports of these items, they don’t have to. This lessens the amount of US dollars auctioned off. In fact they told us in the article that if agriculture was the only product from Iraq, it would value the dinar at $1.00+ USD.
Selling these grains and produce outside Iraq actually brings money in the CBI reserves and not deplete it. So, this lessens the amount in the currency auctions. This has been a huge contributing factor in the recent low auction results. But this will not last long since the harvest season will end shortly and the numbers will go up again.
Second, another reason for low results of the auctions is the effort to crack down on the FRAUD and MANIPULATION of the currency auctions by these FAKE banks that are set up by members of parliament to siphon off US dollars out of the CBI reserves.
We know that at least 60 members of parliament are in on this scam and we have been told they can not touch them or arrest them until the current parliament session has ended on June 30th, just 3 days from now.
CONNECT THE DOTS
Go figure why then all the stalling of the re-counting of the votes and why parliament can even muster up enough votes to pass such ridiculous amendments to the Election Law as they did since the May 12th elections. First they passed a 3rd amendment forcing a re-counting of the votes and then to cancel any foreign votes and the voting in the early elections (such as from the military they know were surely not to vote for Maliki).
Last Sunday parliament devised yet another scheme to stall the elections results. Tomorrow they go at it again in another session for to pass yet another ridiculous amendment (4th amendment) to try to legally extend the sessions beyond June 30th indefinitely or until the validation of the election results occurs. Last Monday, the federal courts already ruled on this potential 4th amendment as unconstitutional, so will parliament still try anyhow. We wait and see. This will be the final straw since the their constitutional limit ends on Saturday.
I hope everyone today sees how all these events connect together and have meaning but maybe not all the ridiculousness and hype of these idiotic gurus.
Educating yourself goes a long way in dispelling the ignorance and foolishness of these gurus. I will try to help you but you must work with me and also do some research on your own and listen and remember what I tell you in all my Newsletters for future reference.
You must try to keep up with reading my ENTIRE Newsletter published each M-W-F too since this is an ongoing RV saga and what I tell you today will relate to something in a future Newsletter. I cannot keep repeating the past news. Already my Newsletters are too long.
So here is my point to make today. The real scary part about these three rumors is that many of these idiots will brag about how long they have been doing conference calls. In my opinion they should all know better by now how the monetary policy works in Iraq pre- RV and how it should work in the future post -RV. No excuses in my eyes. Either then learn or get off the conference calls. Take responsibility for your actions.
More news….
Okay so we have some really good news for everyone today. Let’s get down to business.
So we know that out popped an article on Sunday telling us that the House of Representatives, has finished last Sunday, after the resumption of the special session under the chairmanship of Salim al-Jubouri, Speaker of the House of Representatives, discuss the proposed amendment to the 4th amendment to the law of the elections of the House of Representatives No. 45 of 2013, which provides for the extension of the work of Parliament "until the end of the process of counting and sorting the results of the election."
First of all, I want to add a question. Shouldn’t chairman Salim al-Jubouri, Speaker of the House of Representatives know the rules of Parliament as they relate to the constitution? In other words what is he trying to really accomplish here in holding these “Special Sessions” outside of the normal parliamentary timeframes? These sessions are meant for emergency times only.
So then later on Monday the Federal Supreme Court, rejected the extension of the life of the House of Representatives based on the law and the Iraqi constitution and considered it null and void. Now what for Parliament. They only have 3 days to go and end on June 30th. They want to meet in a session on Thursday and vote on yet another amendment to the Election Law allowing them to extend parliament until "until the end of the process of counting and sorting the results of the election." So they are going to try it again. We know this of course would be disastrous for Iraq and would be a “soft” coupe take over of the government if they could get away with it.
See the full article below.
If they did extend the existing parliament, How does anyone know that the goons in parliament would not monkey around with this recounting and sorting of the elections results for an indefinite time period thus maintaining unprecedented power. This is not the way a democratic process works and I am shocked the speaker is allowing it to occur (unless he too is one of the goons). I am so relieved the courts ruled against it.
Sheikh Humam Hammoudi , head of the Iraqi Islamic Supreme Council, on Tuesday, told us the Supreme Council REFUSED TO EXTEND THE WORK OF THE HOUSE OF REPRESENTATIVES, considering that serious precedent and clear breach of the Constitution , which would have a negative impact on the overall political situation.
Sheikh Hamoudi stressed during his speech at the forum of the members of the Supreme Council reviewed by "Nur News" on "the need to re-process the counting and counting of the results of the election to maintain the democratic experiment and protect the votes of voters in the country, demanding the opening of at least 10% of the ballot boxes and in case the falsification of fraud in large percentages is re-counting of all the election results. "
It was told to us the recounting was supposed to begin today June 27th. Is it? We don’t know how long it will take. We are told 3 days by one source, 10 by another and yet months be another. I do not have a crystal ball nor do I find it necessary to lie to you that I do. We just have to wait and see how this election saga all plays out as it progresses. Just last Sunday I thought we were all doomed and it might take until September to clear out this mess. But then, as the week progressed, we are seeing the light again as this is so dynamic. But in spite of all this saga we all kind of know what the end result is going to be anyhow. We know PM Abadi will get a second term and he will follow the 9 points to the new government. We know that when the new parliament does take their seats, these 60+ corrupt members will not be among them and they will be prosecuted. So, you don’t need to pretend to have a crystal ball and lie to people that you are a “know it all” when in fact you are just responding to the common news channels, if you are paying attention.
*************************************************************
Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts or italics, so my comments are in brackets ( ) throughout the articles. I will preface my comments with “Mnt Goat” so you know I am jumping in with observations. Also, I separated the articles with asterisks.
*************************************************************
Articles Begin
FEDERAL SUPREME COURT, REJECTS THE EXTENSION OF THE LIFE OF THE HOUSE OF REPRESENTATIVES BEYOND JUNE 30TH, BASED ON THE LAW AND THE IRAQI CONSTITUTION AND CONSIDERED IT NULL AND VOID
(Baghdad: Al Furat News) The Federal Supreme Court, rejected the extension of the life of the House of Representatives based on the law and the Iraqi constitution and considered it null and void the Constitution.
The court's interpretation that "the first paragraph of Article 56 of the Iraqi Constitution for 2005 and its text {shall be the duration of the electoral cycle of the Council of Representatives four calendar years, beginning with the first session and ends by the end of the fourth year) and the extrapolation of this text found that the text of the governor, the electoral cycle of the House of Representatives and be effective from the first session and extends for four calendar years and the end of the end of the fourth year of that session.
The decision of the court that "this period is the duration of the mandate of the electoral cycle to exercise the functions provided for in the Constitution and end of the mandate of the session and become any action taken outside of it is not supported by the Constitution and considers the effects of this procedure and its results are null because the voter when he gave his vote to those chosen by his representative in the House of Representatives Give him specific authorization in terms of duration and ends this authorization by the end of his term in the Constitution is four calendar years. "
"It is not permissible for any party to skip this constitutional period because to overcome it means to overcome the will of the people, which proved this period from the beginning and end when he approved the articles of the Constitution through the general referendum, which took place on all articles, including Article (56 / I) and the people is the source and legitimacy of the authorities as provided for in Article 5 of the Constitution and may not violate his constitutional will. "
The Federal Court said that "Based on the above, the Independent High Electoral Commission and the House of Representatives are required to implement article {56 / II} of the Constitution and the elections are held according to the time specified therein and not exceeding them. Another date for holding the general elections of the House of Representatives because this is an amendment to the provisions of Article { 56 / II] of the Constitution and in a manner contrary to the amendment of the articles mentioned in Article 126 thereof.
The House of Representatives, has finished last Sunday, after the resumption of the special session under the chairmanship of Salim al-Jubouri, Speaker of the House of Representatives, discuss the proposed amendment to the 4th amendment to the law of the elections of the House of Representatives No. 45 of 2013, which provides for the extension of the work of Parliament "until the end of the process of counting and sorting the results of the election."
The parliament, whose current session ends on June 30, will hold a session on Thursday to vote on the fourth amendment to the law.
*************************************************************
MOQTADA AL-SADR HAILS THE ROLE OF PRIME MINISTER HAIDAR ABADI AND THERE ARE STATEMENTS TO THE SADRIST MOVEMENT DOES NOT MIND HIS SECOND TERM
Baghdad: al-Furat News) said a member of the coalition of victory, Nazem Saadi, that the alliances between the blocks and visions shared that resolve the issue of the candidate for prime minister.
"Al-Saadi told the {Euphrates News} that" the alliance of victory and the rest of them were trivialities before the elections and postponed because of several issues were delayed announcement of the alliance, "noting that" understandings between victory and the rest were present and declared officially before the elections, and Moqtada al-Sadr hails the role of Prime Minister Haidar Abadi and there are statements to the Sadrist movement does not mind his second term. "
He added that "there is no objection on the part of the Sadrist movement to nominate Abadi for another session, and the results of the alliance will be Abadi candidate for prime minister," stressing that the alliance victory and the rest is "an alliance that is ratified by what agrees on a specific program and predicted by the heads of blocks and was in accordance with vision and identified the main points that Agreed upon and organized to him according to the program is welcome. " Al-Saadi pointed out that "He said that "the participants with the victory, if they have an objection to the nomination of slaves or wanted ministries, they have the right to do so."
"The elections are a farce and have a large percentage of fraud and chaos," Saadi said. "The government can not intervene because the election commission is independent."
"There are parties that took the ballot boxes back to their headquarters, filled and this is borne by the Commission," he said, noting "we are with 100% manual counting and we are not with the forgers."
"There is no objection to Abadi or any other person," Saadi said.
(Mnt Goat – in other words he is saying that the recounting of the votes has nothing to do with them supporting Abadi for a second term or not. It is something that just must be done based on the complaints and larger percentage of fraud)
*************************************************************
THE SADRISTS PROMISE TO ANNOUNCE THE "BIG BLOCK" SOON
(Mnt Goat – I think this is going to happen until on or after July 1st date.
Politically how can Sadr possibly announce that Abadi is going to be the next PM before the recount with voters looking at this as a rigged election?
Next also remember Abadi is still the PM until June 30th anyhow. So how can Sadr speak out against the re-counting as if he did already announce Abadi as the new PM, it would look like Abadi was kissing up to Sadr to get a second term.
They have to be very careful in how they handle this annoucement. But the good news is July 1st is just around the corner. Some idiots from Iraq are telling the people it will take 5 months to form the new government. Really? Well as far as I know the new PM has only 3 months (90 days), But then in the same breath he says the new government will be announced in the coming days. So go figure this guy is an idiot.)
Monday, 25 June 2018
Source: Capital Agencies
Announced the Sadrist movement in Iraq, that the largest bloc that will be charged with forming the government will be announced soon.
Hours after the announcement of an alliance between the coalition «victory», led by Prime Minister Haider Abadi, and ranked third in the parliamentary elections, and the coalition Sauron led by Muqtada al-Sadr, which was ranked first.
The spokesman for the current Jaafar al-Moussawi said in a statement that «all previous agreements announced and valid and window, and completed by the step of the alliance victory and others. "The doors open to those who believe in reform, and will be announced the largest bloc soon to form the next government."
For his part, said the coalition victory that his alliance with «Suron» culminated in the dialogues and endeavors and deep understandings, expressing the hope that the coalition is a solid nucleus of the largest bloc within the parliament. The coalition spokesman Hussain al-Adly said in a statement that the alliance between Al-Nasr and Suron was agreed on the parameters and foundations of the next phase, pointing out that openness and dialogue exists with all blocs to crystallize the final formulations of the foundations and structures of the political stage, including the management of the state files.
On the other hand, the parliamentary fact-finding committee considered the problem to investigate the violations of the elections that the continuation of parliament's work until the ratification of the results of the election is "completely different" from the extension of its work, stressing that it will not allow those who bet »the end of the life of parliament to falsify the results of counting and sorting by hand.
The Chairman of the Committee, MP Adel Nuri said yesterday that the House of Representatives was in front of three options, what is happening on the political arena are:
1.either accept the status quo and yield to the pressures of counterfeiters and manipulation or,
2.the extension of the work of the House of Representatives or,
3.the continuation of the work of the Council until the end of counting and sorting and the ratification of the results.
Nuri added that the House of Representatives went on to continue its work until the ratification of the results, which is permissible and differs from the extension and its goal to maintain the integrity of manual counting and counting and ensure transparency and oversight of the work of independent bodies and the government.
*************************************************************
IRAQ'S SECOND RECONSTRUCTION PHASE WAS LAUNCHED TUESDAY IN PARIS, FRANCE
Economy News _ Paris
Iraq's second reconstruction phase was launched Tuesday under the title "New Iraqi-French Partnership" in the French capital Paris.
The conference was attended by the President of the Association of Iraqi Private Banks Wadih Al-Hantal, the Secretary-General of the Arab-French Chambers of Commerce Dr. Saleh Al-Tayyar and the President of the Federation of Iraqi Chambers of Commerce Jafar Al-Hamdani and Undersecretary of the Ministry of Construction and Housing Astbork thorns and Director General Rafidain Bank Dr. Khawla Asadi.
Head of the Association of Iraqi Private Banks, Wadih al-Hanalal, said during the opening of the conference, which was attended by "Economy News", that "the conference is a key to closer Arab-European relations, especially French," adding that "the Arab Banks Conference, which will start on Wednesday in Paris, Will be the announcement of a very important message directed by the Iraqi banking sector to European banks to open the prospect of dealing with correspondent banks.
He added that the Iraqi banking sector working in the country of 70 banks spread throughout Iraq as well as Arab and foreign banks, "noting that the Iraqi banking sector has achieved great success over the past years in addition to the launch of social initiatives aimed at participating in the reconstruction of Iraq, Baghdad "to rehabilitate 20 squares in the capital Baghdad.
*************************************************************
Articles End
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
In ending I want everyone to know your constant prayers in the fight against evil (ISIS) in Iraq have worked. God has guided these young men and women on the battle field. Let us all now know that there is a new battle now to fight. A battle to save our homelands from the corrupt politicians who are bent on taking what they want from our current wealth and from future generations without our permission. We must keep praying for the end to the rapid corruption in Iraq and in the United States. We must pray for our leaders when they are being guided by the Holy Spirit. We must stand by them and let them know we are still there to support them, even after the election is over. I have composed a prayer maybe we can all pray today in our own way and until the revaluation of the Iraq dinar occurs.
PRAYER
“For the Iraqi Prime Minister and the President of the United States, that all their cabinet members, and deputies may be anointed by the Holy Spirit to do God’s will and bring the free democracies of the Republic of Iraq and the United States of America to the much-deserved prosperity and abundance thru justice and freedom from oppression and corruption. That they may be a shining example for the rest of the middle east and to rest of the world to follow.
In the name of Jesus Christ our King and Savior, Amen”
Auf Wiedersehen
Much love to ya all,
Mnt Goat

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.