Friday, July 13, 2018

Important step for Iraq has been achieved by significant efforts | IQD D...


(Disclaimer: The following is an overview of the current situation based on rumors/leaks from several sources which may or may not be truthful or accurate.)

The transition event was set to begin on 9/11/01.

The Cabal halted the transition event indefinitely with the 9/11 attacks.

This will never happen again.

The Quantum Financial System was developed long before 2001 and has been greatly improved.

The transition event is approaching quickly and is nearly ready to begin once again.

It has been a long and grueling war.

It's almost over.

Nothing's gonna stop us now.


Article  "The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners"  

Quote:  "Revealed a coalition of state law, led by Nuri al-Maliki, on Tuesday (July 10, 2018), the fact that he made concessions to the President of the Kurdistan region of former Massoud Barzani, during the visit to Erbil, last Saturday."  
This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.

Restored Republic via a GCR as of July 13, 2018

Compiled 13 July 12:01 am EST by Judy Byington

The below is a summary of information from the Internet. It would be up to the individual reader to decide whether or not it is valid. Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.

A. July 12 2018 The Big Call, Bruce: Thebigcall.net: 712-770-4016 pin123456#

1. It was possible that the US gold standard dollar would be announced tomorrow July 13and we would get the green light tonight July 12, 13.

2. A bank thought we would go this afternoon.

3. Yesterday July 11 out West there were 27 small groups which were made liquid.

4. Some Zim platforms were to start up shortly and after we received the go ahead for our appointments.

5. A high up in the government was told that the security protocols were in place.


B. July 12 2018 10:10 am EST Intel Alert: Operation Disclosure: GCR/RV Intel Alert for July 12, 2018 Operation Disclosure

(Disclaimer: The following is an overview of the current situation based on rumors/leaks from several sources which may or may not be truthful or accurate.)

1. Possible triggers for the Alliance to release the RV event:

a.Zimbabwe announcing their gold-standard. (Public exchanges were said scheduled to begin Aug. 1, a day after Zimbabwe elections on July 30 and after the gold standard GCR was expected to be formally announced.)

b. The U.S. announcing their gold-standard (United States Notes).

c. The announcement of GESARA.

2. All countries worldwide were being reformed from the inside to match GESARA law. Once GESARA was announced, prosperity packages would arrive.

3. The 800#'s would be used to set up appointments to redeem currencies.

4. Funds would be directly deposited to our QFS accounts, whether or not the exchanges/redemptions of currencies takes place at banks, or facilities,

5. Instructions would be given on how to access our QFS accounts. The QFS would be able to identify you based on your signature.


C. Possible Timeline:

Fulford: “According to Pentagon sources the asset-backed Quantum Financial System is ready, but awaits the Trump-Putin Summit, the Global Financial Reset, mass arrests and geo-political resolutions.”

Wed, Thurs. July 11, 12: Trump scheduled to meet with NATO.

Fri. July 13: Trump scheduled to meet with British PM Theresa May and the Queen where all assets stolen by the Crown and other Cabal would be returned to the people.

Mon. July 16: Trump and Putin Summit in Finland.

D. Rumor Only:

Dong rate was $0.04 to $25.00

Zim Bond rate was $0.15 to $6.67

When Zimbabwe formally announced their gold back currency it would trigger the RV, plus Zim Bonds would be legal gold-backed tender.


7-13-2018   Newshound/Intel Guru Mnt Goat    The election ends when the votes are ratified.  The votes will not be ratified until after the re-counting of the ballots in suspected fraudulent polling stations throughout Iraq.  So they just told us that on Thursday [7-2-2018] they will begin the last 2 remaining provinces.  This is what we wait for.  I truly believe that when this is finally all sorted out and they are done making a public spectacle of his recounting show for all to see that democracy is working in Iraq, that the CBI will act upon the project to delete the zeros and bring this to conclusion.  Tick Tock, Tick Tock we are on a clock!   [post 2 of 2]

7-13-2018   Newshound/Intel Guru Mnt Goat
   ...Remember that we know that everything from the CBI standpoint if already completed and all they need is a “suitable environment” to continue with the “project to delete the zeros.  They told us there was FRAUD and MANIPULATION that prevented the project from moving forward. We know this is in dealing with the currency auctions and involved almost 1/3 of the parliament members and their banking and money laundering schemes.  So it seems logical that if we want to know where the CBI now stands on the RV, why not look at what is going on to rectify these issues. ...Many of these culprits will lose their immunity and thus can be served their arrest warrant on charges of corruption, but only after the election.   [post 1 of 2....stay tuned]

7-13-2018   Newshound Guru Adam Montana   [What do you think is holding up the HCL?]  HCL at this time - it's completely political. Everything I discussed...is directly related to the delay on the HCL, and that's coming to an end quickly. [reference Adam Montana post 7-12-2018 below]  I'm excited to see this chapter conclude and see some HCL news in the coming weeks. Can't be far off now!


July 13, 2018 Mnt Goat News Brief
Hi Everyone,
I bring you much news today.
Al-Tarfi said in an interview with “Watan News” that “a few weeks separate us from the announcement of the formation of the next government WILL NOT TAKE A LONG PERIOD AS HAPPENED IN THE PREVIOUS ELECTIONS because the manual counting and counting according to the data will not take long and will be announced as soon as possible.”
He added that “the process of counting and sorting the hand is conducted quickly and transparently and accurately under the supervision of judges assigned by the Supreme Judicial Council, which violated all expectations of the delay and accompany this process a lot of problems and objections,” noting that “what happened in this process was contrary to all expectations.”
More news….
We know there are supposed to be only 2 remaining provinces out of 9 to re-count ballots before announcing the certification of the election results.
Earlier this week on Wednesday, Iraq pointed out that for 7 of the provinces recounted so far that 100% of the total of polling stations have been matched, with only some minor variations in Kirkuk province.
The Electoral Commission then told us they would start with the results of Salah ad Din and Anbar to be transferred to Baghdad soon and hoped to begin counting these ballots on Thursday. So far this did not happen.
On Friday out pops these two articles in the news:
BAGHDAD / The Independent High Electoral Commission (IHEC) announced on Thursday the arrival of the ballot boxes for Salahuddin and Anbar provinces to the Baghdad International Fair.
"The transfer of the ballot boxes to the governorates of Salah al-Din and Anbar has completed their arrival at the counting and auditing center at the Baghdad International Fair to conduct manual sorting and counting of the polling centers and stations on which complaints have been lodged," the official UNHCR spokesperson Laith Jabr Hamza said in a statement received by Iraq News.
They explained that "the process will begin to the province of Salah al-Din starting on Saturday, and then in the Anbar province next once completed.
Judge Laith Hamza told a news conference held in Erbil that the counting and sorting of the funds of Sulaymaniyah and Arbil provinces had taken place without any problems, pointing out that the operation took place in the presence of representatives of the United Nations.
Today is Friday July 13th and already Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
So, what the hell is this ongoing re-counting saga all about anyhow?
In today’s newsletter I want to look at this saga from a very different approach than most are telling you.
Is it really about fraud and manipulation or was all this just accusations about fraud and manipulation and taken way out of context? What is the evidence showing us so far as the re-counting is completed?
We know this entire mess could have all been avoided if parliament had shut the door on it right from the beginning and refused to address it without more evidence. Why did parliament move with this in a knee jerk reaction? Is it really the democratic process “at work”?
I believe this entire fiasco has been a CONSPIRACY to stall the formation of the government right from the beginning. Today I am not going to write and just tell you I think this, but show you the FACTS that support it as evidence. How about that? This is what the Mnt Goat NewsLetter is all about. I do not just mouth off with “my opinion” but present the FACTS.
Evidence – no real solid evidence was ever given to prove that voter FRAUD and Manipulation ever existed.
Evidence – Parliament does a knee jerk reaction to accusations without any real proof. Why? We are now hearing in many articles that Jubouri will probably get a second term as the house speaker. What does this tell us then? This leads me to believe also that this was all staged since he was probably asked to support this re-counting effort and hype it up with these amendments to the election law. This was done to ensure it gets done and thus causes delays.
I can not possibly see how such an intelligent man, as Jubouri, would support such a ridiculous actions as to hold up a national election on just accusations of voter fraud without any real evidence to back it all up. I do not think that Jubouri is that dumb or politically naive. If he was crooked he would not now be allowed a second term. So I am telling you I smell something VERY fishy about this entire saga.
Evidence – let us not forget about Sadr and how quite he has been on this entire issue of re-counting. We can clearly see he also was in on this conspiracy too. Think of it this way - If you won the election and you knew someone like Nori al-Maliki (who Sadr despises) put out these false accusations and allegations of voter fraud and manipulation, I certainly would have stopped this re-counting process and not let it go this far. He could have very easily done that with a meeting with Abadi and Jubouri. He had the power but didn’t why? Cause he was in on the plot from the start.
As some idiot gurus will tell you that this re-counting of ballots effort has a main purpose of showing the Iraqi people or the world that the democratic process at work, although it is doing that. I assure you this is NOT the main purpose of this exhibition.
Evidence - So now we are witnessing so far little to no discrepancies in the counts and this is confirming my suspicions that this event is just all staged and rigged to stall for more time. This again confirms my suspicions of no real fraud and manipulation but just claims, accusations and allegations that could have been dealt with and put down by parliament or even the judiciary with no real evidence to back them up. Remember no real evidence was ever given. Just thought I’d mention that again… lol..lol..lol..
So, I also want to add that I do not think for one second that this re-counting effort was just Nori al-Maliki and his goons trying to stall the elections to buy more time so they can get a coalition together. At first it seemed that way but I do NOT believe it now, looking at all the other evidence.
Looking at ALL THE EVIDENCE I can clearly see now this was a staged event coordinated by the existing government in power and with the Sadr Movement to stall for more time.
Okay then if we established they had to stall for time, then why did they need to stall for time?
I already said it was NOT just the Nori al-Maliki gang that caused the delay (even though I think they intentionally wanted to lead you down that path – may of the gurus fell for it too). Some gurus believe he was stalling so he could try to form his own alliance. He may be trying to do this now that it is stalled but there is no strong evidence to support this in the only factor.
Also some say Maliki, along with this corrupt parliamentary members, wanted to keep their immunity and thus stall for time and maybe they could affect the election process somehow. I do not believe this was just the case.
So then why did the legitimate government have to stall for more time, if it wasn’t the bad guys of Maliki at the root of this mess? Let me explain….
I believe that the CBI, the IMF and the USA are now ready to complete the monetary reform and reinstate the Iraqi dinar currency. This is at the premise of what is happening. But there are two driving factors to the stalling from this recounting process.
1.Getting rid of the Iranian influence. In Nov when the sanctions kick back in on Iran it is going to be hell in Iran especially if the USA does succeed in cutting off all oil revenues. Certainly they can not have Iran messing with the Iraq again with the embezzlement and money laundering. This time around the cities must get rebuild and the infrastructure put back. The economy must grow and they must attract investors. They are not going to do this with an Iranian militia of some 100 of thousands exploding bombs as recent from the embargo and trying to influence Iraqi politics. With the embargo Iran will certainly turn to Iraq again for more $$$ to help them overcome the embargo. I can hardly imagine the impact zero oil revenue will have on Iran.
2. Weeding out the corrupt members of parliament. Doing this by ending parliament thus losing immunity for all its members. Then serving these arrest warrants. These are the ones that the CBI made reference to with their FRAUD and MANIPULATION of the currency auctions, thus money laundering the US Dollar and drain on the CBI reserves. The CBI came right out and told us they could not stop this corruption because of political implications and that most of the culprits were members of parliament.
So the government needs to buy time to get this done.
This is why you see these crooked politicians now having news media and bashing the US presence in Iraq. They want the US out. Of course they do. The US presence will make a difference and ensure that they don’t fall back into the abyss as what happened post 2011 US pullout under president Obama.
Why would the government want to wait?
They were told by the CBI, the IMF and the USA to clean up this corruption and to get these bastards out of the parliament once and for all. Note how quite Nori al-Maliki has been through this entire process? Yet more evidence to back up my claim. You would think he would be outspoken and trying more of his shenanigans.
Can it get any clearer now for you?
Yes, it is all about “cleaning out the weeds from the flowers” or as some say “flushing the toilet” and “letting the waste go down the drain”. Or how about this one – “draining the swamp” ! I luv that one….lol..lol..lol…
More news….
So now that I said all this about WHY they had to stall WHAT are the next steps for long and short term?
We know that Iraq is in year 1 of the next 5-year development plan for Iraq. They have told us this will get kicked off with currency reform. So where is the currency reform? (see Short-Term below)
They are going to rebuild all the cities, get power, clean water and medical services to all the provinces.
They must also get some kind of national guard security/police force (or whatever you want to call it) in place in each of the provinces.
They must also at the same time grow their economy, diversify it, create exports and get off the oil as their sole export and revenues for GDP.
We must also look at the impact of Iran and how this embargo could affect Iraq too.
They must get Iranian influence out of Iraq political process now more than ever. Govt figures show that over a trillion US dollars has been laundered into Iran from the currency auctions and reconstruction projects that never went anywhere during the Maliki years and by these crooked Shiite parliamentary members. Can you see now why Maliki never appointed a permanent Interior Minister?
Everything else they do is aimed at these goals.
All of sudden one day we will read very soon we will hear that the election results are ratified by the judiciary.
Then quickly after the announcement of Abadi again as the PM, the new speaker and president (and his 3 VPs) are presented to us.
Then pops out the re-education articles form the CBI about the continuance of the “project to delete the zeros”.
Then we see a timeline of launching of the new category notes and ATMs.
Then the new rate shows up on FOREX and away to the banks we go….
More news….
Trump's statement is his first on the Iraqi elections two months after it was held.
Trump said in a press conference after the NATO summit in Brussels, Belgium, the Iraqi elections as "was successful."
"This will be discussed with the winning parties" in the elections.
To me this is a sign that Iraq is getting very close to rapping up this election saga.
More Intel Rumors to clarify about Trump –
I also want to tell everyone that president Trump is not going to visit Iraq anytime soon. Also he is not going to visit Iraq for an RV announcement. How ridiculous these statements. Those that make such unfounded, unproven statements should be ashamed of themselves. But go figure who says these things and I seriously think that the real idiots are those the believe them enough, if even to keep the rumor alive and keep spreading this garbage around.
How many times must we hear this rumor over the past years about a US president traveling to Europe for some reason and that he is going to “stop over” in Iraq for an RV announcement. Get real! Shame, shame, shame on you gurus for putting out this trash.
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
In Politics July 11, 2018
BAGHDAD / SNG - Leaks on the re-counting and manual counting in some provinces have contributed to the decline of hopes of some losing parties and contested the results of the elections announced last May .
And showed the diversion of the numbers of counting and sorting by hand, on Tuesday, July 10, a great match with the numbers of counting and sorting in the province of Kirkuk and a large percentage also in Sulaymaniyah and other provinces, which eliminates the hopes of those objecting to the results, which had escalated their success in extracting a decision of the outgoing parliament To re-audit the results manually under the supervision of the judiciary, according to the newspaper "Mada".
The objectors returned to say this time that "the judges assigned to the political pressure of the winners to keep the results of the previous situation, and counting and sorting manually will be completed quickly," according to the newspaper .
The newspaper added that "in Sulaymaniyah half of the funds challenged the integrity of its procedures on the first day, and is expected to end the counting and manual counting on Wednesday at the highest estimate, to resolve all the boxes of 188, and three Kurdish parties opposition to the election administration in the province , Citing "fraud cases" in some areas.
"The Commission has already neglected more than 60 funds in the recent audit in Kirkuk, where the judges questioned the existence of tampering locks, while the leaks indicate that in Sulaymaniyah, the questionable funds were also isolated and will not enter the examination .
"Despite these measures, those who object to the results of the audit do not expect to reach the percentage of fraud that the losing candidates estimated to have reached 50% of the number of funds contested so far in Sulaymaniyah . "
The Turkmen Front in Kirkuk, was surprised to leave the judges counting and sorting manually in Kirkuk and go to Sulaymaniyah without opening more than 100 boxes, likely alternative to political pressure, and announced the National Union that the proportion of the results reached 93% with counting and sorting electronically, The Commission has not issued any comment on this matter .
"The votes of his party in Sulaymaniyah have not changed," said Beryar Rashid, a spokesman for the Patriotic Union of Kurdistan (PUK), adding that "the results of manual counting and sorting were matched with electronic counting and sorting. THE BOXES THAT WERE MANUALLY SORTED DID NOT EXPERIENCE ANY PROBLEMS "He said .
The paper noted that "three parties in Sulaymaniyah protested the procedures of counting and sorting by hand and withdrew its observers from the center of the examination of funds in the province, but the Deputy Representative of the Secretary-General of the United Nations in Iraq, Alice Wallpol, called on opposition political parties to re-monitor the screening process, saying that things are professionally "He said.
She noted that "the United Nations teams (UNAMI) were from the moment of the start of manual counting and sorting is present and supervise the process and the supervisors of the UNAMI (UNAMI) are satisfied with the process and is moving forward."
It has been started, Monday, the past in Baghdad, the process of counting and sorting manually to six provinces, in parallel with the ongoing operations in Sulaymaniyah, and is supposed to start after the completion of the process of counting and sorting of the six provinces to check Baghdad funds, which is likely to be about 500 funds, THIS WORK IS PARALLEL TO THE OPENING OF ERBIL FUNDS, THE NEXT STOP FOR UNHCR AFTER SULAYMANIYAH.
Rashid News / Baghdad
A source in the Electoral Commission, on Tuesday, the end of the counting and manual counting in six stations, especially in 6 southern provinces, the result was 100 percent matching.
The source said in an interview with Al-Rasheed News, "The Commission completed the process of counting and sorting stations Qadisiyah, the 85 stations, and the result is identical to 100 percent."
"The number of stations in Samawa was 93, and the results were 100 percent identical," he said.
"The stations have been completed for six southern provinces, namely Basra, Maysan, Dhi Qar, Wasit, Qadisiyah and Muthanna," NOTING THAT "THE RESULT WAS 100 PERCENT IDENTICAL."
The source pointed out that "the Anbar funds, 501 stations, Salahuddin, 425 stations, which have complaints and appeals, will be transferred tomorrow."
Al-Rashid News / Baghdad: The
Electoral Commission announced on Wednesday the arrival of the delegation of the Board of Commissioners of judges assigned to the province of Arbil AFTER THE COMPLETION OF COUNTING AND SORTING IN SULAYMANIYAH.
"The Board of Commissioners ARRIVED THIS MORNING IN THE CITY OF ARBIL TO CONDUCT THE COUNTING AND COUNTING of the stations for which complaints and appeals have been received," a statement by UNHCR spokesperson Laith Jabr Hamza said in a statement received by Al-Rasheed News.
According to the statement, "after the completion of logistical matters, IT IS DECIDED TO START COUNTING AND MANUAL COUNTING TOMORROW under the supervision of the Board of Commissioners," noting that "representatives of the United Nations and entities, political parties and the media can all attend the process."
(Mnt Goat – so they began counting ballots in province of Arbil on Thursday 7/12.)
The statement added that "the counting and manual counting operations were completed this evening for the governorates of Muthanna and Diwaniyah by scrutinizing all the polling stations for which complaints and appeals have been received." THE COUNTING AND COUNTING OF THE SIX PROVINCES (BASRAH, MAYSAN, DHI QAR, MUTHANNA, QADISIYA AND WASIT) {are now completed} , After they were transferred to the sorting and counting manual in Baghdad. "
He continued by saying that "THE WORK IS STILL CONTINUING to complete the transfer of the rest of the election stations received complaints and appeals to the electoral stations of the PROVINCES OF SALAH AL-DIN AND ANBAR and in a hierarchy."
(Mnt Goat – we see only 2 provinces in this article that remain to be recounted- Salah Al-Din and Anbar. Oh but they also just told us about Arbil in this article. Opps that makes 9 provinces that needed to be recounted…lol..lol..lol..
Correct me if I am wrong here are the 9 provinces:
Basrah, Maysan, Dhi Qar, Muthanna, Qadisiya and Wasit – completed
Salah Al-Din and Anbar Arbil – now under recounting started Wednesday
Arbil – recounting started Thursday
Do you think they will completed the recounting this week or weekend?
What do you think? If they do it will be right on schedule of mid July. )
The head of the Iraqi Group for Strategic Studies, Wathiq al-Hashemi, expected Wednesday, the return of eight or nine leaders lost to parliament.
Hashemi said in a statement to "rational", that "eight or nine leaders lost, will return to parliament, after the completion of counting and manual sorting by judges assigned to the Electoral Commission."
(Mnt Goat – are these corrupt members? I wonder if they are bargaining to give them immunity to save their asses or did they just get voted out and the KRG wants to bargain to get them back in?)
Hashemi revealed that "the conditions set by the Kurds to accept alliances and the formation of the largest bloc, is the return of disputed areas to the region, and the return of 17% of the federal budget allocated to the region as it was in the past."
(Mnt Goat – this is WOW news and very amazing what they are doing in this election cycle. So for all you idiot gurus out there, this shows us once again that Article 14 [the return of disputed areas to the region] is still pending. Can they settle this now finally?)
Baghdad today _ follow-up Dia al-Asadi, director of the political bureau of the leader of the Sadrist movement Moqtada alSadr, revealed on Thursday, July 12, 2018, a meeting of five lists for the launch of the largest bloc, while noting that this meeting will be in the coming days.
"There is an understanding between five blocs (Sadrists backed by the Sadrist movement) and Nasser (led by Prime Minister Haider al-Abadi, 42 seats), al-Fath (which includes the popular crowd led by Hadi al-Amiri 47 seats), and the wisdom Ammar al-Hakim 19 seats) and national (led by Iyad Allawi 21 seats). "
He pointed out that "the coming days may witness a meeting between the parties mentioned, and may lead to the formation of the nucleus of the largest bloc that will form the government." "In Iraq, alliances are not based on political visions, programs or understandings, as happens in some countries. They are almost alliances of interests.
The political process has been built on this basis," he said. "Asadi said, saying:" We are trying to find a new pattern of alliances consistent with the reform project, "expected to" crystallize the largest bloc within parliament, which will be charged with forming a government, before the ratification of the election results.
(Mnt Goat – is this why they are intentionally stalling ratification of the election results? )
Baghdad: Al-Furat News) US President Donald Trump commented on the Iraqi parliamentary elections held on 12 May.
Trump said in a press conference after the NATO summit in Brussels, Belgium, the Iraqi elections as "was successful."
"This will be discussed with the winning parties" in the elections.
Trump's statement is his first on the Iraqi elections two months after it was held.
Partial manual counting and counting are being conducted under the supervision of the Council of Judges assigned to polling stations with complaints and appeals by electronic ballot and forgery charges in a number of governorates.
The results of the first election of the House of Representatives next (329 seats) offer an alliance under the auspices of the leader of the Sadrist movement, Moqtada al-Sadr, where he got 54 seats, followed by the conquest alliance led by Secretary General of the Badr Organization Hadi al-Ameri {47 seats} followed by the victory coalition headed by Prime Minister Haider Abadi { 42 seats}
Al-Sharq al-Awsat newspaper reported on Thursday that Speaker of the House of Representatives Salim al-Jubouri has re-elected the parliament as a "political settlement", indicating that he needs a limited number of votes to win a parliamentary seat.
The newspaper quoted a source in the coalition of state law as saying that it "does not rule out the rise of former Speaker of the House of Representatives Salim al-Jubouri to the House of Representatives again after he lost in electronic counting operations," expected that "this is part of a possible political settlement."
The source added that "does not rule out the receipt of Jubouri to a second term in the presidency of the House of Representatives," noting the need for a limited number of votes to be able to win a parliamentary seat.
He explained that "some political forces felt that the political process forward without looking at what happened in the elections," pointing out that "the continuation of the political process requires the initiative to satisfy some of the losing parties one way or another."
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.
“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



Iraq IQD Update News (Rant #198)


KTFA: Vietnam

Samson:  Vietnam's State Treasury raises over VNĐ3.5 trillion via G-bonds

 12th July, 2018

The State Treasury of Việt Nam mobilised VNĐ3.51 trillion (US$152 million) through Government bond auctions at the Hà Nội Stock Exchange (HNX) on Wednesday.

Some VNĐ6 trillion worth of G-bonds were offered, including five-year and seven-year bonds valued at VNĐ500 billion each, 10-year and 15-year bonds at VNĐ2 trillion each and 20-year and 30-year bonds at VNĐ500 billion each.

Of the six terms, the State Treasury raised VNĐ500 billion worth of five-year bonds with average yield rate of 3.45 per cent per year, the same rate offered in the previous auction held on July 4.

Bonds with a 10-year term raised VNĐ1.4 trillion at an annual interest of 4.43 per cent, up 0.03 percentage point from the previous auction, while 15-year bonds attracted VNĐ860 billion with an annual interest of 4.73 per cent, marking a 0.03 percentage point increase.

The seven-year, 20-year and 30-year bonds did not see a winning volume.

From the beginning of this year to date, the State Treasury has mobilised more than VNĐ80.9 trillion through Government bonds issued on the HNX.   LINK

Samson:  US firms appreciate Việt Nam’s investment environment

 12th July, 2018

A corner of HCM City’s hi-tech agriculture area

Việt Nam’s business environment has improved significantly, especially its competitiveness, said representatives of US businesses in the US-ASEAN Business Council (USABC).

During a meeting with Minister and Chairman of the Office of the Government Mai Tiến Dũng in Hà Nội on July 11, the USABC delegation showed their thirst to invest or expand investment in Việt Nam in animal feed production and distribution, food processing, production of veterinary medicine and plant protection products.

The American enterprises also affirmed their pledge to abide by the laws of Việt Nam, and fully implement social responsibility and community activities.

Minister Dũng said the Vietnamese Government is calling for foreign investment in hi-tech agriculture and encouraging international enterprises to enhance links with local firms and people in developing the closed value chains.

While appreciating American investors’ investment in various fields in Việt Nam, including the agricultural sector, Dũng added that foreign direct investment (FDI) in agriculture plays an important role in boosting the production of agricultural commodities and increasing competitiveness for Vietnamese farm produce.

Việt Nam is actively improving its business environment, fine-tuning its institutions and promoting administrative reform as well as enhancing its competitiveness to continue to be an attractive investment destination for both local and foreign business communities, including those from the US, he stressed.

Recently, the Vietnamese Government has issued a number of mechanisms and policies to remove obstacles, aiming to lure more domestic and foreign investment in agriculture and rural areas, including amending the Law on Technology Transfer (2017), and issuing Decree 57/2018/NĐ-CP on mechanisms and policies to attract investment in agricultural and rural development, Dũng said.  LINK


Samson: Sharing economy and opportunities in Việt Nam

 13th July, 2018

Việt Nam is positioned to take advantage of the growing opportunities presented by the sharing economy, said Rebecca Bryant, Australian Embassy Charge D’Affaire at the conference on the sharing economy held in Hà Nội on Thursday.

“With a well-educated and young population and almost 70 per cent of people owning a smart-phone, Việt Nam’s economy stands to benefit significantly from these developing technologies,” Bryant said.

She said that one of the greatest changes of recent years had been the development of the sharing economy. The sharing economy is estimated to grow from US$14 billion in 2014 to $335 billion by 2025, increasing by 22 times within 10 years.  “So while the sharing economy is still in its infancy at the moment, it will inevitably become a major part of the economy – both at a national and global level,” she noted.

Nguyễn Thị Tuệ Anh, deputy director of the Central Institute for Economic Management (CIEM) agreed, saying the nature of the sharing economy is a new business model which takes advantage of digital technologies, thus reducing transaction costs and accessing a big number of customers through digital foundation.

The sharing economy is different from the traditional model as all transactions have been implemented online by a third party. It provides more choices to customers with cheaper prices. Individuals joining in the sharing economy could be part-time to provide them more jobs and increasing income.

The sharing economy has developed in sectors of transport service (Uber, Grab, Lyft and Zipcar), tourism and hotel service (Airbnb, VRBO), labour (Homejoy and Handy, TaskRabbit, Upwork) and financial services (Kickstarter, Indiegogo, Lending Club). “The sharing economy will become a consumption trend in the future. It is forecast to expand to different sectors in the upcoming time,” Anh said, adding that people in developing countries were expected to join in resource sharing with others more than in developed ones.

She said sharing economy could create new business methods, opening new business opportunities based on digital foundation and the Fourth Industrial Revolution. “With the sharing economy, the market would become more competitive with diversified services, thus bringing benefits to consumers. In addition, it would also bring more investment opportunities, creating jobs and increasing incomes,” she added.

The sharing economy could also help save natural resources, make use of abundant assets and protect to environment. It could also foster the development of a renovation and start-up ecosystem. “The sharing economy could be an opportunity for Việt Nam’s administrative reform toward e-government to effectively participate in the digital economy and Industry 4.0,” she noted.

However, the sharing economy could also have potential challenges, making new relationships arise and causing benefit conflicts with traditional business models. “These challenges could be named as unequal competition, economic concentration and lack of tools to protect consumers online. State management agencies could struggle to control the new models, especially financial duties,” she said.

The deputy director suggested the Government continue to improve the business environment to adapt with the rapid development of the digital economy while ensuring equality between the new model and traditional one. Suitable policies should be studied to encourage the model development. “The building of an e-government and information and technology foundation should be accelerated, especially building an open data system to serve for State management on the sharing economy model,” she said.

Deputy Minister of Planning and Investment Vũ Đại Thắng said Việt Nam has not been an exception in the development of business model. “Both benefits and risks for the economy and consumers have been seen. It was the reason for the building of new policies and amending the current regulations have been vital to fully tap into opportunities brought by the sharing economy while minimising positive impacts,” Thắng said.

He added that Việt Nam has been studying international experiences on the impacts of big trends of digital technologies to the economy. This could help the Government have necessary information to provide a suitable strategy in the wave of the Fourth Industrial Revolution.   LINK


Samson:   Vietnam : Central bank made $9 billion net injection in H1

 13th July, 2018

Commercial banks’ liquidity was good in the first half of this year thanks to the State Bank of Việt Nam’s (SBV) net injection of nearly VNĐ210 trillion (US$9.17 billion), the latest report from the National Financial Supervisory Commission showed.

The injection was used to buy foreign currency to build up the country’s foreign reserves, according to the report released on Thursday.

During the Government’s regular cabinet meeting recently, SBV Governor Lê Minh Hưng also reported that the central bank bought some $11 billion in the first half of this year, raising the nation’s total foreign reserves to roughly $63.5 billion.

Besides the net injection, the liquidity of commercial banks in H1 was also supported by a rising amount of deposits and a slowdown of credit. The commission’s report showed that the capital mobilisation in H1 rose by 8 per cent year-on-year while the credit growth during the period was estimated at only 6.5-6.9 per cent.

Thanks to the good liquidity at commercial banks, interest rates in the inter-bank market remained at a low level in the first six months. By June 25, rates for overnight and one-week loans stood at 1 per cent while it was 1.6 per cent for one-month loans, down 0.7-0.8 percentage points against the end of May and 1.6-2 percentage points against the same period last year.

Despite the good liquidity, commercial banks still kept interest rates for deposits relatively stable at some 4.2 per cent per year for short-term deposits and 7.5 per cent for long-term deposits.

The banks listed interest rates for đồng loans at 7-11 per cent per year depending on the duration of the loans. The rate for dollar loans was at 2.4-7 per cent per year. During the period, some banks also cut the lending rate by 0.5 percentage points for some priority sectors such as agriculture businesses, firms producing goods for export, small- and medium-sized enterprises, enterprises operating in auxiliary industries and hi-tech enterprises including startups.

As for the foreign exchange market, the commission’s latest report showed that as of June 28, the central bank’s daily reference exchange rate was adjusted up to VNĐ22,655 per dollar, up 0.27 per cent against the end of May and 1.07 per cent against the beginning of this year.

Commercial banks listed the dollar/đồng exchange rate at VNĐ22,965 per dollar on June 28, up 0.7 per cent against the previous month and 1.1 per cent against the beginning of the year.  In the unofficial market, the rising rates were some 0.96 per cent and 1.63 per cent, respectively.    LINK

Vietnam : Impressive Q2 growth, but risks still abound

 12th July, 2018

Economists discuss the issues raised from quarterly report of Vietnamese macroeconomy

Viet Nam’s economy maintained impressive growth in the second quarter this year, but risks are becoming more apparent, especially threats on the exchange rate and interest rate.

The statement was made by Nguyễn Đức Thành, director of Việt Nam Institute for Economic and Policy Research (VEPR) at a conference held in Hà Nội on Wednesday. “The impact of the US-China trade war has made the value of the Chinese yuan (CNY), fall sharply against the US dollar. Việt Nam cannot refrain from adjusting its exchange rate, thus creating a risk for the enterprises,” Thành told Việt Nam News.

Vietnamese inflation is starting to increase slightly; therefore, the State Bank of Việt Nam (SBV) needs to control inflation to not exceed five per cent.

With many large central banks tightening currency, together with the risk of high inflation in the near term, the SBV may raise interest rates for the đồng to stabilise the exchange rate, Thành added. Such findings from a macroeconomic report released yesterday by VEPR showed that the economy in Q2 saw growth rate of 6.79 per cent year-on-year, the highest in ten years.

According to VEPR’s report, the agriculture, forestry, fishery and service sectors continued to improve sharply. The industry and construction sector also grew at a high rate of 9.07 per cent in the first half of the year. Manufacturing continued to drive the economy, while the mining industry fell back to decline, reflecting the seasonal characteristic of the positive growth in Q1.

Inflation surged in Q2, reaching 4.67 per cent at the end of June, due to rising food and fuel prices. Meanwhile, core inflation remained at 1.37 per cent, reflecting the SBV’s prudent monetary policy. Trade growth slowed in the second quarter of this year; meanwhile trade balance recorded a surplus in the fourth consecutive quarter and reached US$1.4 billion in Q2. Notably, China regained its position as the country with the highest trade deficit among Việt Nam’s trading partners.

One noteworthy point in the VEPR study was that the number of temporarily ceased enterprises was abnormally high, while the number of new jobs declined. Speaking at the report announcement, economist Phạm Chi Lan raised concerns about the decrease in employment rate due to the remarkable rise of shuttered firms. In other countries such as the US, Europe or Japan, the employment rate was always a top priority, however, unemployment in Việt Nam had not received sufficient concern from authorities, Lan said.

VEPR’s statistics also showed that Việt Nam’s budget balance returned to a deficit in Q2, after a temporary surplus in Q1. Recurrent expenditures continued to be higher than 70 per cent of total expenditures, while development investment expenditures had not improved much. In the second quarter, the country’s total retail sales of goods and services increased in value but declined in volume over the same period last year, reflecting a recovery trend in prices in 2018.

The report said that investment growth in the private sector was strongest in all economic sectors. Meanwhile, newly registered foreign direct investment capital in Q2 reached a record level. Japan was the top investor in Việt Nam in the first six months of 2018. The liquidity of the system was abundant due to the higher deposit growth than credit growth, coupled with foreign currency purchases by the SBV. Foreign exchange reserves continued to rise, reaching $63.5 billion at the end of Q2, the same level as the International Monetary Fund’s recommendation.

Another notable point from the report was that the real estate market in Q2 declined in both Hà Nội and HCM City, both in new apartments for sale and transactions.

Economist Phạm Thế Anh attributed the gloomy real estate sector to some factors such as the slow growth of the economy, instabilities in exchange rate, consumer price index and the tension between the US and China. “The potential risk of an increase in interest rates in the near future could also push the real estate market down,” he told Việt Nam News.

VEPR’s report forecast that this year’s GDP growth target might clock in at 6.8 per cent, higher than the 6.5 to 6.7 per cent goal set by the National Assembly, as it forecast economic growth rates for the upcoming quarters to reach 6.65 and 6.55 per cent, respectively. 

 The Việt Nam Annual Economic Report, published by VEPR, is a series of annual reports summarising major economic issues in the previous year, giving an outlook for the coming year and providing policy recommendations. The quarterly report was completed by the VEPR with support from the Konrad Adenauer Stiftung.    LINK


Samson:  IMF Report: Vietnam’s Strong Growth Will Continue

 12th July, 2018

Vietnam’s strong economic momentum is expected to continue in 2018, aided by the reform drive, higher potential output, the global recovery, and commitment to macroeconomic and financial stability, the International Monetary Fund said Tuesday.

Concluding the Article IV Consultation with Vietnam, the executive board of IMF said despite a mild tightening in credit growth targets and a neutral fiscal stance, the economy is set to expand 6.6% in 2018, RTTNews reported.

Inflation is forecast to rise to just under the 4% target, led by higher oil prices and gradual increases in administered prices.

However, the board cautioned that financial buffers are still thin, macroeconomic policy frameworks remain inflexible, complicating the management of shocks. The strong economy provides an opportunity for more ambitious reforms, the IMF observed. Further, the board called for monetary policy tightening in order to sustain macroeconomic stability.

On current trends and if reforms continue at their current pace, 6.5% annual growth remains feasible beyond 2018. The current account surplus is expected to decline over the medium term as structural reforms boost investment and real effective appreciation of the dong (currency) resumes its trend, leaving reserves at 2.5–3 months of imports. Despite recent economic strength, economic distortions and capacity constraints remain, and external and domestic risks and longer-term challenges loom on the horizon.

Financial buffers are still thin, macroeconomic policy frameworks remain inflexible to manage possible shocks, and the external position is substantially stronger than warranted by fundamentals.

The strong economy provides an opportunity for more ambitious reforms to level the playing field by tackling remaining distortions and capacity constraints, increasing investment and reducing the external surplus.

Vietnam’s dynamic, highly open economy continues to perform well, IMF said. The solid performance is aided by macroeconomic and financial stability, stepped up economic reforms, and inflows of foreign direct investment which are enabling structural transformation and are raising potential growth.

Meanwhile, the ongoing US-China trade war will greatly impact the structure of the world economy in the future, causing damage but also generating indirect opportunities for countries where the economy relies heavily on agricultural production like Vietnam.

According to head of the Vietnam Cashew Association’s Trade Promotion Division Tran Van Hiep, although it is still quite early to assess the impact of the US-China trade war, it’s possible that Vietnamese cashews may benefit from this war.

 “This will be an opportunity for the Vietnamese cashew industry to promote export of cashew nuts to the Chinese market,” said Hiep.    LINK