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DINARESGURUS.BLOGSPOT.COM_________________

Sunday, May 31, 2020

"WE HAVE ARRIVED"BY CHARLES, 31 MAY

CHARLES

WE HAVE ARRIVED!!

Cutting the dinar mean this..right now the dinar has been inflated from what it use to be at $3.50 a dinar to .00086 .. so they must DEFLATE IT...or cut it down back to what it use to be...this is ALL GOOD FOR US and the only way they can saved the nation of Iraq to pay it's bills...friends this is the PERFECT STORM for us !!


They got to stick a knife in this and CUT IT DOWN OR deflate it to its REAL VALUE IT USE TO BE !!
FOLKS IT'S TIME TO SHOUT AND DANCE!!


Iraq is considering cutting the dinar as difficult options to face the financial crisis
5-17-2020


Iraq is considering cutting the dinar as difficult options to face the financial crisisA source close to the office of the Iraqi Prime Minister revealed that the government is considering reducing the value of the dinar against foreign currencies, as part of measures to confront the financial crisis caused by the drop in oil prices and the repercussions of the spread of the new Corona virus.


The source said in a special statement to “Al-Arabi Al-Jadeed” that “the options available to Prime Minister Mustafa Al-Kazemi are mostly difficult, but there are serious dialogues with advisers and economic experts, and during the past few days, several options were presented to confront the financial crisis, including external borrowing or the devaluation of the dinar.”


He added: “There are also other options, including offering state factories and public properties for investment or sale, and printing the currency, but these will be the last options.”


He continued: “All options presented have major problems in the long and medium term, but the alternative is the inability to pay the salaries.” He pointed out that in the short term he will rely on the monetary reserve for a few months, while taking a series of austerity measures unprecedented at the state level.


The current crisis is the biggest challenge for the new Prime Minister’s government, as Iraq is one of the “mono-economy” countries, because it relied on 94% of oil sales revenues to provide salaries for employees and retirees of about 4 trillion dinars per month (about 3 billion dollars) at a time that did not reach Oil revenues have only about 1.4 billion dollars last April, according to official data.


A member of the House of Representatives, Amer Al-Fayez, told Al-Arabi Al-Jadeed that “the economic pressures on Iraq have accumulated due to the closure of business and trade facilities and financial life, due to the events that occurred at the oil level, in addition to the Corona pandemic, while the country primarily suffers from a structural defect represented in Its dependence on oil only. ”



Al-Fayez added that “oil is the source of the entry of the US dollar into Iraq, which is the force behind the dinar, but its absence means that Iraq cannot finance.” He continued, “Al-Kazemi’s mission is very difficult and complicated because of the heavy legacy left by the previous government (the government of Adel Abdul-Mahdi).”


Iraq had faced an economic collapse in prices between 2014 and 2016, but it did not witness the current significant decline in global oil demand, especially from China, the main importer from Iraq.
The economic expert, Salam Smeism, said that Iraq relied during the financial crises that it went through during the past years on the austerity policy, to reset the priorities, including the salaries of employees, wages and health allocations, but the current financial situation is more severe, especially with the decline in oil prices and the effects of corona .


“It is necessary to review some of the country’s internal laws, such as the salaries of influential personalities in the state, specifically that earn more than one salary, as it is not reasonable that the country is experiencing a suffocating crisis and there are employees who receive six salaries, especially those known as those with special degrees,” she added. .


Zaid Salem


New Arab

PATRIOT INTEL SPECIAL REPORT, 31 MAY

Special PIR WARNING!~ One Year Delta! Civil Unrest!   May 31, 2020

One year ago, here on PIR I gave a special warning of upcoming civil unrest and economic downturn. All of this is no surprise to listeners of PIR and to followers of Q, because as Q has said…”Future Proves Past” So in today’s video I replay in its unedited original format the WARNING from June 14th 2019.
Link to original video: https://youtu.be/lIHvfIjCtZY



Civil unrest could lead to Martial Law and Military
Tribunals…….Trust the Plan ….We have been anticipating this……
The “Perfect Storm” Began May 22 and goes to June 21………

C365 "Iraq History Lesson"/Footforward "Dinar & Dong Update"



"Now this gives me goose bumps... Read it" BY RAZA FROM PIMPYS GROUP, 31 MAY




DINAR IRAQ & DONG VIETNAM UPDATE, 31 MAY

Saleh and Al-Kazemi assert the speed of completing the cab and Iraq adopting a balanced policy
5/28/2020 14:26
Saleh and Al-Kazemi assert the speed of completing the cab and Iraq adopting a balanced policy[Baghdad-Where]

President of the Republic Barham Salih received, today, Thursday, at the Peace Palace in Baghdad, Prime Minister Mustafa Al-Kazemi.
A presidential statement stated that “during the meeting, it was stressed the need to expedite the completion of the ministerial cabinet by nominating efficient and impartial personalities, and to support the government in implementing its program that was voted upon by the parliament by preparing for early elections, and to meet the legitimate demands of Iraqis to achieve the desired reform.”

The Presidents of the Republic and the Council of Ministers stressed “the importance of Iraq adopting a balanced policy with its regional and international surroundings based on respect for Iraqi sovereignty, stressing the need to address the crises that the country is going through and give priority to combating the Corona pandemic and supporting health agencies to fully perform their work, find solutions to economic challenges and secure The living conditions of all citizens. ”




Saleh and Al-Kazemi stressed, according to the statement, “The current stage requires uniting efforts and solidarity among all to eliminate ISIS terrorist gangs, preserving the achievements made and sustaining the momentum of victory in a manner that provides security and stability to the Iraqis.”

DINARLAND HIGHLIGHTS, 31 MAY

Pimpy

...there seems to be a "full steam ahead" if you get my drift when it comes to getting Iraq positioned for whatever is getting ready to happen. Al-Kazemi, ever since he's taken over everything just started rolling...everyday there's some exciting movements going on in Iraq...this is different. This is definitely different. We're seeing a huge push from the UN as well as from the United States. We also are seeing involvement of Saudi Arabia along with Kuwait...I find it very hard for them to do any kind of real trade agreements without having their currency [in] a little bit of a different position than they're in right now. It's looking good...everything is very impressive I gotta admit. Very very impressive about Kazemi...

...this next week coming up you're gonna see the completion of the cabinet...
______________________________________________________

Footforward

[Are you still thinking sometime in June for the RV...]

in my opinion ya.
______________________________________________________

Mountain Goat

Article:
"GOVERNMENTAL ADVISOR: 5 TRILLION DINARS, THE GOVERNMENT'S NEED TO SECURE SALARIES FOR NEXT JUNE"



...this article...is telling us a couple things:

1) the amount of monthly $ they need for salaries (5 trillion dinars or about 4 billion dollars);

2) they are in desperate need of money and so what will they do for the June salaries? Will they borrow again?

3) will they resort to using the CBI reserves eventually?

4) they will have to do something drastic and do it soon since the price of oil is not going to jump to $60 a barrel for a long time;

5) this situation is causing great pressure to make the necessary changes for other sources of revenue and not rely on oil revenues, something they should have done already by now and the IMF kept telling them to do it. I can see many benefits for us with the drop in oil prices too as investors. Can you see what might come next?

Article:
"IRAQ PUSHES FOR RESCHEDULING OF REPARATIONS TO KUWAIT"

we have been told many times that by the end of 2021 these war reparations would be repaid. Iraq has been working to pay them off but now they have to halt these payments for some time. I am told this will not effect a reinstatement since the IMF is leaving any negotiations between Iraq and Kuwait between them.
______________________________________________________

MilitiaMan (KTFA)

Article:
"The disclosure of a crucial agreement between Erbil and Baghdad, pending the signature of Al-Kazemi in the coming days"

Looks like crunch time is upon us. This article suggest coming days, yesterday it was within hours and another one suggests 2 days. Regardless, speed is a necessity at this stage and the fact they are speaking to the ports about the new stage of financial adjustments in an article today are to be at hand now, not after the fact sometime in July. They have the most important items all in one paragraph... Budget, border crossings, customs, federal revenues, peshmerga, agriculture, etc... They even told us they have had an agreement since last December. So with the new PM and the new stage approaching, I’ll bet this time they hammer it home!! I like it!

EXCHANGE/BOND REDEMPTION CENTERS & PROCESS BY JUDY, 31 MAY

Exchange/Bond Redemption: Please treat the below as my guess. Official instructions would be available upon 800# release. 

 The RV release would go at the same time for all currency and Zim Bond holders globally. The below information applied to redeemers in the US, as different countries would have their own regulations and rules. Those outside the US should ask redemption questions to the person who sets your appointment. 

 Effective 1 June 2020 the new US Treasury under the Restored Republic would be the banking regulator of banks. The US Treasury would not control account funds, only you would, but the Treasury would be the servicer of our Quantum Financial System accounts and the banks would be financial service providers that would serve us as account holders. 

 If RV funds were used for Deep State purposes like drug running, child trafficking, gun running, or other criminal activities, the NSA would find out and freeze accounts on the QFS. 

 Redemption Process:

 Wells Fargo would send out 527,000 + emails to currency and Zim holders containing a coded 800 number to call for your appointment. The code was an individualized ID number connected to your Social Security number for you to take through the redemption process. Take that ID number to your appointment. 

 If you did not receive an email, then you could find a general 800# and a Secure Website on websites as below. Clicking on that website or calling that 800# would give you your personalized coded 800# (ID number) for the redemption process. The Secure Website would contain final exchange instructions. 

 When you call the 800# let them know if you have Zim as it could change where you do your redemption. Any currencies you had would be exchanged at the same time as your Zim Bonds. 

 A general 800# to call and a Safe Link Website would be available on these links: 

 Dinar Chronicles: http://www.dinarchronicles.com 
 Dinar Recaps: https://www.dinarrecaps.com/our-blog 
 MarkZ: https://www.twitch.tv/theoriginalmarkz 
 Bruce: http://bigcalluniverse.com/callarchive/ 
 TNT Tony: https://twitter.com/the_tnt_team 
 Dinar Detectives: https://dinardetectives.com/
Dinaresgurus: http://dinaresgurus.blogspot.com/ 

 Important: Do not give out your personalized encoded 800# to anyone as it could only be used one time.



 Exchanging/Redeeming at Contract Rates:

 HSBC has verified that there were people outside the US who redeemed Zim at 1.1 to 1.2 Euro with no NDA or projects. In the US Trump, the Department of Defense and the US Treasury required that you have humanitarian projects in order to receive the higher rates. 

 The Elders wanted currency and Zim holders to get the highest rates for their humanitarian projects and/or investing in national and international humanitarian projects. Every currency and Zim holder would get an equal chance at the highest Contract Rates for their interest in humanitarian work and project presentations. It would be a level playing field with one appointment, not two. 

 Currency exchanges not asking for Contract Rates: At your appointment if you didn’t have Zim, nor a humanitarian project and didn’t want to invest in the national and international humanitarian projects, your currency would be validated, you would be given a specific rate (higher than what would be offered on foreign currencies after 15 June), your account would be set up, you would be given a debit card with a percentage of your monies immediately available and then receive the rest within 48 hours. You would have no restrictions on how you spent your monies. Your appointment would last around 30 min. 

 Zim Redemption and Currency exchanges asking for Contract Rates: At your appointment if you had Zim and/or a specific humanitarian project and/or wanted to invest in the national and international humanitarian projects, your currency and Zim would be validated, you would be offered Contract Rates, the amount of which was dependent upon your humanitarian project and/or investment interest in national and international humanitarian projects, your account would be set up, you would be given a debit card with a percentage of your monies immediately available and receive the “rest” within 48 hours. 

 Zim payouts (except for Seniors) would be placed in a long term payout with your choice of a quarterly, semi quarterly or yearly payout period. The amount of earned interest on monies left at the bank during your payout period would be dependent on the amount of monies you had and length you chose for your payout period. A certain percentage of your Contract Rate monies would be for your own use, the rest dedicated to humanitarian work. Your appointment could last up to 90 min. 

 If you were not satisfied with the first appointment rate offered for the ZIM you would have 180 days (6 months) to work with a Wealth Manager and trust company private banking team, which would represent us to the US Treasury for higher rates than those received in the first appointment. The Wealth Managers and trust company would be happy to help you obtain higher Contract Rates during a series of subsequent appointments. 

WARNING: DO NOT give your foreign currency or Zim Bonds to anyone to exchange, or redeem for you. If a Group Leader was telling you that they could obtain better rates for you, or saying not to go to your appointment at an Exchange Center, they were not telling the truth.

 Anyone could exchange and redeem their currencies and/or Zim Bonds, and would have the same ability to obtain the higher Contract Rates as anyone else, as long as they did it at a licensed Exchange Center as per appointment through the 800#s. 

 I am not aware of how someone outside the US could redeem Zim Bonds, although some have reported they have redeemed. That question should be asked to the person who set up your appointment. 

************

 D. US Taxes: At the end of March 2020 the IRS was severely downsized as it folded into the new US Treasury. We now had 4-6 IRS agents per state to collect a flat tax of 15-17%. There would be no capital gains tax on the exchange or ZIM redemption, just a tax on interest earned from exchange/redemption proceeds. 

FLEMING MILITARY INTEL CONTACT UPDATE, 31 MAY

A month ago on Sat. 25 April Tiers 3, 4 were attached to the Global Collateral Accounts including Heritage Funds accounts, Rodriguez Trust and St Germaine Trust. Last week under Judy Shelton and the RV team oversight, those accounts were converted from the fiat US Dollar to an asset-backed US Note, meaning that all was ready for payouts and exchanges to start.

Trump, Judy Shelton, and the RV teams still wanted to get the RV release done before Mon. 1 June.

The goal was to start on Thu-Fri. 28, 29 May even though different countries have been arguing all week over their respective currency values and the USA & China had to work out mutual debt relief relative to bonds, all relative to the USN.

Thurs. night 28 May at 8:30 pm EDT there was a release to remove holds off the intermediate adjudicated settlement accounts to make disbursements Fri. 29 May to those accounts to prepare for imminent package deliveries and account access.

All were still highly anticipating the new QFS digital ledgering system would be in place, were anticipating announcements to the financial world before and expecting the final release of all tiers liquidity to replace the old Deep State SWIFT system completed by Mon. 1 June.



All was moving forward in the final release sequence and all should be ready for us in Tier 4b to receive 800# notification and start any time before, by and not later than Mon. 1 June. Reno contacts were very confident that we would see the new monetary system fully in place and the 800#s before Mon. morning 1 June. Paymaster sources said that all down line payments should be on Mon. 1 June.

The Tier 5 General Public release was not expected until mid June at the earliest.

Saturday, May 30, 2020

EXCHANGE/BOND REDEMPTION PROCESS BY JUDY, 30 MAY

Exchange/Bond Redemption: Please treat the below as my guess. Official instructions would be available upon 800# release.

The RV release would go at the same time for all currency and Zim Bond holders globally. The below information applied to redeemers in the US, as different countries would have their own regulations and rules. Those outside the US should ask redemption questions to the person who sets your appointment.

Effective 1 June 2020 the new US Treasury under the Restored Republic would be the banking regulator of banks. The US Treasury would not control account funds, only you would, but the Treasury would be the servicer of our Quantum Financial System accounts and the banks would be financial service providers that would serve us as account holders.

If RV funds were used for Deep State purposes like drug running, child trafficking, gun running, or other criminal activities, the NSA would find out and freeze accounts on the QFS.

Redemption Process:

Wells Fargo would send out 527,000 + emails to currency and Zim holders containing a coded 800 number to call for your appointment. The code was an individualized ID number connected to your Social Security number for you to take through the redemption process. Take that ID number to your appointment.

If you did not receive an email, then you could find a general 800# and a Secure Website on websites as below. Clicking on that website or calling that 800# would give you your personalized coded 800# (ID number) for the redemption process. The Secure Website would contain final exchange instructions.

When you call the 800# let them know if you have Zim as it could change where you do your redemption. Any currencies you had would be exchanged at the same time as your Zim Bonds.

A general 800# to call and a Safe Link Website would be available on these links:

Dinar Chronicles: http://www.dinarchronicles.com
Dinar Recaps: https://www.dinarrecaps.com/our-blog
MarkZ: https://www.twitch.tv/theoriginalmarkz
Bruce: http://bigcalluniverse.com/callarchive/
TNT Tony: https://twitter.com/the_tnt_team
Dinar Detectives: https://dinardetectives.com/

Dinaresgurus: http://dinaresgurus.blogspot.com/

Important: Do not give out your personalized encoded 800# to anyone as it could only be used one time.



Exchanging/Redeeming at Contract Rates:

HSBC has verified that there were people outside the US who redeemed Zim at 1.1 to 1.2 Euro with no NDA or projects. In the US Trump, the Department of Defense and the US Treasury required that you have humanitarian projects in order to receive the higher rates.

The Elders wanted currency and Zim holders to get the highest rates for their humanitarian projects and/or investing in national and international humanitarian projects. Every currency and Zim holder would get an equal chance at the highest Contract Rates for their interest in humanitarian work and project presentations. It would be a level playing field with one appointment, not two.

Currency exchanges not asking for Contract Rates: At your appointment if you didn’t have Zim, nor a humanitarian project and didn’t want to invest in the national and international humanitarian projects, your currency would be validated, you would be given a specific rate (higher than what would be offered on foreign currencies after 15 June), your account would be set up, you would be given a debit card with a percentage of your monies immediately available and then receive the rest within 48 hours. You would have no restrictions on how you spent your monies. Your appointment would last around 30 min.

Zim Redemption and Currency exchanges asking for Contract Rates: At your appointment if you had Zim and/or a specific humanitarian project and/or wanted to invest in the national and international humanitarian projects, your currency and Zim would be validated, you would be offered Contract Rates, the amount of which was dependent upon your humanitarian project and/or investment interest in national and international humanitarian projects, your account would be set up, you would be given a debit card with a percentage of your monies immediately available and receive the “rest” within 48 hours.

Zim payouts (except for Seniors) would be placed in a long term payout with your choice of a quarterly, semi quarterly or yearly payout period. The amount of earned interest on monies left at the bank during your payout period would be dependent on the amount of monies you had and length you chose for your payout period. A certain percentage of your Contract Rate monies would be for your own use, the rest dedicated to humanitarian work. Your appointment could last up to 90 min.

If you were not satisfied with the first appointment rate offered for the ZIM you would have 180 days (6 months) to work with a Wealth Manager and trust company private banking team, which would represent us to the US Treasury for higher rates than those received in the first appointment. The Wealth Managers and trust company would be happy to help you obtain higher Contract Rates during a series of subsequent appointments.

WARNING: DO NOT give your foreign currency or Zim Bonds to anyone to exchange, or redeem for you. If a Group Leader was telling you that they could obtain better rates for you, or saying not to go to your appointment at an Exchange Center, they were not telling the truth.

Anyone could exchange and redeem their currencies and/or Zim Bonds, and would have the same ability to obtain the higher Contract Rates as anyone else, as long as they did it at a licensed Exchange Center as per appointment through the 800#s.

I am not aware of how someone outside the US could redeem Zim Bonds, although some have reported they have redeemed. That question should be asked to the person who set up your appointment.

D. US Taxes: At the end of March 2020 the IRS was severely downsized as it folded into the new US Treasury. We now had 4-6 IRS agents per state to collect a flat tax of 15-17%. There would be no capital gains tax on the exchange or ZIM redemption, just a tax on interest earned from exchange/redemption proceeds.

FLEMING MILITARY INTEL CONTACT UPDATE, 30 MAY

A month ago on Sat. 25 April Tiers 3, 4 were attached to the Global Collateral Accounts including Heritage Funds accounts, Rodriguez Trust and St Germaine Trust. Last week under Judy Shelton and the RV team oversight, those accounts were converted from the fiat US Dollar to an asset-backed US Note, meaning that all was ready for payouts and exchanges to start.

Trump, Judy Shelton, and the RV teams still wanted to get the RV release done before Mon. 1 June.

The goal was to start on Thu-Fri. 28, 29 May even though different countries have been arguing all week over their respective currency values and the USA & China had to work out mutual debt relief relative to bonds, all relative to the USN.



Thurs. night 28 May at 8:30 pm EDT there was a release to remove holds off the intermediate adjudicated settlement accounts to make disbursements Fri. 29 May to those accounts to prepare for imminent package deliveries and account access.

All were still highly anticipating the new QFS digital ledgering system would be in place, were anticipating announcements to the financial world before and expecting the final release of all tiers liquidity to replace the old Deep State SWIFT system completed by Mon. 1 June.

All was moving forward in the final release sequence and all should be ready for us in Tier 4b to receive 800# notification and start any time before, by and not later than Mon. 1 June. Reno contacts were very confident that we would see the new monetary system fully in place and the 800#s before Mon. morning 1 June. Paymaster sources said that all down line payments should be on Mon. 1 June.

The Tier 5 General Public release was not expected until mid June at the earliest.

Iraqi Dinar News: "is Iraq connected to Gesara/Nesara??????? Big news from Iraq and Kuwait., 30 MAY



BRUCE'S BIG CALL NOTES, 30 MAY

Bruce’s Big Call Replay LINK  Intel Begins:  1:07:20


Welcome everybody to The Big Call tonight – it’s Tuesday May 19th and you’re listening to The Big Call – Thanks for tuning in everybody - all over the globe Let’s go into what’s happening in the way of intel – I’m going to try to bring several things together and clarify some things that I know you are curious about because of different things that have been written or are out there – I think I have some clarity that I can bring to a few situations - First of all – some of you may have known about some bonds that were recently negotiated – like yesterday – it ends up that these bonds that were found in the basement of the St Louis Federal Bank building were United States Infrastructure Bonds – These bonds were 1903 / 1907 / and 1913 Railroad and Water Infrastructure Bonds – that were gold backed - These bonds that were found have been able to be – let’s put it this way – they have put a value on this – Steven Mnuchin and Judy Shelton and 2 others – they had a heated discussion for over 2 ½ hours yesterday - where they assessed the value – which is tied to gold – between – supposed to be 1 cent higher – 2 cents higher or 3 cents higher - they settled after much discussion at 2 cents higher – What this means is – they were able to put a value on these bonds such that the debt of the United States could be completely paid off – debt from China could be paid off – China’s debt of at least 7-8 countries could be paid off – and I believe 2 African countries – so 7-8 South Asian countries and 2 African countries could all be paid off – That essentially is the start of our Debt Jubilee - and that works out really well – that was accomplished yesterday – those have been handled – we thought on Tuesday’s call that they would be handled Thursday and Friday – they were done late yesterday afternoon – this is a really positive step in the right direction – It was so much in terms of value in gold that those bonds were worth 175 Thousand Metric Tons of Gold – That’s a lot!! That’s a bunch!! My understanding is it could have been worth as much 7 Trillion Dollars – more or less – That’s a huge chunk that came together yesterday and remember these were infrastructure bonds for Railroad and water – Water could be used to handle 2-3 different things back in 1903 / 1907 / and 1913 – a real positive move Let’s see where else we want to go now – we’ve talked about different ways to be notified with the 800 numbers – there was something put out over the last day or so that talked about 4 different possible options - I noticed the second option was verbatim on what I said on my call Tuesday night – Our belief is that is the go to option - as I mentioned on Tuesdays call the idea of getting the toll free number included in the 527,000 + emails they are not coming from HSBC – these are coming from Wells Fargo servers – and with those emails will be a general 800 number to call as well as a personalized ID number - Don’t confuse these two – everyone will get the 800 number – but the personalized ID number will be just for you - and you are to print it out and take with you to your appointment – If you do not get an email you will find the 800 number through alternant means like going to our website – Big Call universe.com – or other websites – We will be doing a mass emailing with the number to those registered – I am supposed to get the number at approximately the same time – maybe before or during the time the emails go out – I understand there are 4 batches - with a half hour in between the mailings – totaling about 2 hour timeframe – That is as far as I know “The Way” that we will be notified – if you do not have an email or you are not using the one you used years ago – as in my case – then you will get it from the website or the mass emailing that we do – Now – beyond that – let’s clarify something that was confused a little bit – There are debit cards going out – NOT with any 800 number – what it is - these are a test run of just under 4 million debit cards – 3.9 something million debit cards going out as a test run – for the accounts tied to your social security number and name - these accounts – these cards are supposed to come out with between $5,000 and $30,000 on them – they are NOT going to discriminately currency holders – Zim holders or any one like that – There appears to be no rhyme or reason as to who the test mailings are going out to – I heard in one situation where one person knew of 6 people have already received these cards – and another situation where 11 people have received these cards – These cards started going out a few days ago – actually started being received Monday and Tuesday of this week - today is Thursday – so they’ve just started being received – Remember – this IS A TEST – This account is called a Treasury Direct Account – TDA – we believe it is a part of what each of us have in our TDA – they are coming out as a debit card from the US Treasury with amounts for the most part – not every card is this high – one I know of has been much lower than $5,000 - but 5-30,000 initially is what I was told – Again – these are discriminately going out – with no rhyme or reason – they are NOT targeting or going to currency holders and they have no 800 numbers tied to them for setting an appointment Whether there is something to be said about a LINK – I can see possibilities with it - but I can also see security issues with it – I am not sure that will be the case – The one case that we know they are going with is the one I mentioned – the same thing I said on Tuesday night call – Now let’s see what else we can do to clear the air a little bit on what might be out there – Where are we in the mix right now? Where do we stand? Here’s where we are – You have heard me talk about tier 3’s / tier 4’s - tier 3 SKR’s are supposed to have been started to be paid out as of 2:30 in the morning Eastern TODAY – Thursday – Beyond the tier 3 SKR’s who’s next? How about the intermediates? Yes – those have not been paid out yet - This is the Fines & Penalties – adjudicated settlements – CMKX is one of them – also the Indian claims – Farm claims – all of those large group pay outs that are considered intermediates - why are they intermediates? – Because they fall between tier 3 and tier 4 – Those are to start paying out tonight and should take from now till Sunday afternoon / evening to complete – Where does the Core 30 fall? Why is it called Core 30? This Core group has 30 paymasters – 6 top paymasters and each has 5 sub paymasters below them – and then there is a total number underneath this 30 paymaster labyrinth of about 500 individuals – It’s not a big group and the entire group is dinar only holders for the purpose of the Core – those individuals I believe are linked and connected directly to the intermediates - In other words they may not be a part of tier 4A - They may be paid along with the intermediates which should be paid by Sunday - That’s the information we have so far on those - Now – who’s left? Tier 4A and Tier 4B – we are tier 4B – the internet group – Tier 4A is the remaining paymasters over the groups under the so called Admiral’s Group Those groups we understand are to go either right before tier 4B or possibly at the same time as we get our notification and start to set our appointments – Alright now we are looking at when? We’ve got everything so far – through Sunday afternoon – Are we looking at Monday? Tuesday? I believe we are – Tier 4A and 4B Monday or Monday/Tuesday – That should do it - Tuesday is the 2nd of June – and we know that we expect to be able to exchange and redeem Zim at the bonafide redemption centers – that would be through and including the 18th of June – Theoretical time frame of 16 days – Plenty of time I cannot say absolutely – but I do have very good sources and very good information that is looking for a start around that Monday/Tuesday start time – We know the redemption centers staff were off yesterday - off today – they have a conference call tomorrow afternoon – and they are supposed to get a new schedule by email on Saturday – So that is what we are pretty much looking at from that perspective – you know the timeframe that we are looking at – and I think realistically - as much as I would love to have this thing right this minute – NOW – today / tomorrow – I can’t say that – because the information I have is very strong and is pointing to the time frame I just laid out – So – with that said – I think what’s going to happen with Iraq – they will not actually be turned on so their rate would be seen until we give them that green light – Our Treasury actually through Pompeo - Secretary of State – will be the one to communicate that with Iraq – They are ready to go – believe me – They have been ready – I know they’ve been ready - just like we’ve been ready – you and I – we’ve been ready – Now – let’s talk about one other thing – let me finish up on Iraq – Iraq should have their rate up and running in new form or fashion on Sunday – either Saturday or Sunday – and as you know – first business day in Iraq is Sunday - So we will see how that looks - and comes together – The 1st of June is a big deal - What about a gold announcement? We should have some form of a USN asset backed currency announcement for the financial industry ONLY on the 1st - which is Monday – That means you and I might not be in that industry – whether we are stock traders - hedge fund operators – you know what I’m saying – bankers – those people in the financial industry are the ones that will get the USN / USTN heads up – Which is it? USN or USTN? United States Note / United States “Treasury” Note – is what will be written on our actual money – our NEW money – I don’t know when it’s coming out – My personal feeling is it may not come out until after the 1st maybe even around the 15th - It may not come out until the so called “public” the tier 5 – which are not too many people - bring it out – In other words where that new money is actually out – and we’re going to have about 90 days to get rid of any fiat money that we may have in hand – either by spending - which is the best way to do it – or by exchanging it at the bank when the new ---- not now ----- when the NEW USTN’s are out – I am sure you will get a heads up as to when that is or they will just plain have them at the bank without an announcement and people will see it – So – you’ve got the update of the bonds – our bonds – historical infrastructure bonds – and they had a total value of approximately 175 thousand Metric Tons – that’s clarification there on that story – You got a clarification on the emailing – and the 800 number – and there is another aspect – and you know I call it clean up on aisle 3 – there has been another round of clean up I n our tier 1 banks as recently as yesterday and today – over the last 72 hours maybe 96 hours – we’ve had some clean up with our banking institutions – I think it’s important for us to feel confident when we go in and establish a relationship with our banks – especially our tier 1 banks because when we go back for a follow up appointment with our wealth managers - with our private office personnel – with a possible personal accountant group – or CPA group and of course the possibility of legal attorneys to fine tune and create your trust documents – or any other structures you want to use – LLC’s and so on - this is something you would go back to your private banker to put that all together – Now it doesn’t mean you’re going back and recalculate a rate on your Zim – that is supposed to be completed at your first meeting – period – that is why they are allocating 35 – 90 mins for Zim holders to get it all done at the first appointment – You will have other things to follow up on like I just mentioned – with your wealth management group – advisor – Abbott Downing rep – whoever it is – based on the bank you choose – I really believe that finally this is it – this may very well be our last call – this could be it – based on the information I just gave you - That’s it for tonight – you’ve got the gist of it – everything is good – we do have a supposedly start time for June 1st - I think we are in a great place – I’m excited and ready to go as you are – Thanks everyone for listening -.

Friday, May 29, 2020

DINAR IRAQ & DONG VIETNAM UPDATE, 29 MAY

DINAR IRAQ & DONG VIETNAM REPORT: 

There has to be some drastic changes and the new prime minister Al-Kazemi must be the one to make them.
In fact, I suggest conspiracies at play here that are altering the course of Iraq.
Conspiracies -in that maybe this entire oil cutback, was instigated by coercion from the Saudis and the US to get Iraq on a straight and narrow path, and at the same time pushing Iran out.

Oh yes the Russian were involved and gave a convenient excuse to do it.

Always has to be a justification get it?
Oh – did I mention to push down the economy of Iran even further?
So tell me - is this why Trump got the US fully off foreign oil prior?
Just think of a chess game and setting up your opponent in previous moves.
But at some point, there has to be a “checkmate”.
Did you notice too how this oil crisis happened shortly after the assassination of Soleimani and his gang of generals?
And at the same time the Corona virus pandemic.
Is this all coincidental?
Did someone plan out these events?
Iraq just got hit with a triple whammy!
The U.S. too with the man-made corona virus crisis.
What is this really all about?
Events like these, when they happen in this kind of sequence make me very, very suspicious of someone working behind the scenes orchestrating it all and we are just ignorant pawns as part of their game.
We had a very good chance of seeing the project to delete the zeros sometime in early June but this statement was predicated on the CBI verifying this speculative statement of mine.
There is so much evidence that Iraq is still moving ahead with their intentions of international movement in all directions including the ISX and foreign investors.
We also have to consider the IMF and its mandated reforms on Iraq have not all been met on schedule.
Could this be why they too decided not to give any more loans to Iraq.
Besides Iraq can’t even pay its salaries going forward and so how in hell are they going to pay on any future IMF loans?
In fact, now more than ever don’t go the budget for answers but rather what the CBI is doing behind the scenes.
1) The amount of monthly $ they need for salaries (5 trillion dinars or about 4 billion dollars);
2) They are in desperate need of money and so what will they do for the June salaries? Will they borrow again?



3) Will they resort to using the CBI reserves eventually?
4) They will have to do something drastic and do it soon since the price of oil is not going to jump to $60 a barrel for a long time;
5) This situation is causing great pressure to make the necessary changes for other sources of revenue and not rely on oil revenues, something they should have done already by now and the IMF kept telling them to do it.
I can see many benefits for us with the drop in oil prices too as investors.
Can you see what might come next?
******
So where are we today?
Can we expect the reinstatement of the IQD soon?
We have a really good opportunity to see the reinstatement sometime in June of this year not Jan 2021.
Washington intends to conduct a strategic dialogue with Baghdad, next month, in which details of a future relationship between the two countries will be put in place, and focus may be on this dialogue on the economic side, in light of the suffocating financial crisis suffered by Iraq, which may push it to make more concessions, so that it gets the support needed to get out of it.
"Iraq will give up everything for the sake of the economy, as Iraqi politicians, even Iranians loyal to them, are aware of the seriousness of the economic situation, and for this they will make more concessions to the United States in order to overcome the financial crisis."
“It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision”.
This was taken right out of an article by Parliamentary Finance Committee member, Ahmed Al-Saffar, on Wednesday (May 20, 2020).
This financial crisis could lead to Iraq raising the value of the dinar in the long run.
On Thursday, Raafidoun movement called on Iran to return $ 500 billion to Iraq, after seizing it through fictitious projects through the Islamic banking network and the sale of hard currency.
In a statement received by Al-Akhbariya, the movement said,
(1) “We have seen the request of the head of the National Security Committee in the Iranian parliament to recover $ 20 billion from the Syrian regime that it had spent there to keep the dictator dominating the necks of the Syrian brothers.”
She added,
(2) “Regardless of the responsibility of the Iranian regime for the Syrian tragedy and the displacement of its proud people, Iran does not have the right to demand funds that it spent on its own will to achieve expansion projects on its behalf against the interest of the Arab people.”
And she continued,
(3) “On this occasion, we are asking Iran to return the $ 500 billion THAT IT SEIZED WITH FRAUD AND FRAUD AND MOCK PROJECTS IN CONSPIRACY WITH ITS CLIENTS who have ridiculed Iraq’s budget in favor of the Iranian regime through their control of political, economic and military sites in Iraq,
(4) particularly THROUGH THE NETWORK OF FAKE ISLAMIC BANKS AND THE AUCTION OF HARD CURRENCY SALES.”

C365 "May 29th RESET?"/Jim Willie "Global Reset" Part 2

ADAM MONTANA UPDATE, 29 MAY

Adam Montana  

The fact that Oil is returning to normal and sustainable price levels...well, that's just gravy.    One other component I think we need to keep on the radar is still the HCLWhile we are seeing a lot of positive news on many other fronts, the HCL seems... suspiciously quiet.  ...The HCL (Hydro Carbon Law) is extremely important. It covers a few things, perhaps most importantly is the money-sharing arrangement that it provides... Oil, the Transportation of Oil, the price of Oil, the intrinsic connection between Oil and Iraq's economy... this is a short list of why the HCL is important.

The recent Iran-Turkey pipeline incident, courtesy of the PKK (Kurds), is certainly going to have an affect... particularly since Turkey seems to not want anything to do with fixing it. This incident hurts Iran more than anyone, benefits Iraq, and Turkey comes out better as well - both politically, financially, and in terms of future positioning...That also comes back full circle to the HCL...eliminating Iran from the equation is a benefit to Iraq, and the HCL will be used to ensure that the Kurds get a larger portion of these benefits.  Once again, when you look at the big picture it starts to make sense "why" the RV didn't happen yet. The dominoes have been being placed, one at a time, and the HCL just might be the force that starts them moving...things are about to start happening REALLY FAST.


MNT GOAT UPDATE, 28 MAY

Hi Everyone,

I bring you much news today.  

Wow! May is almost gone. No RV yet. Next time I report to you it will be June and we soon move from spring fully into summertime.

Today’s news continues with the saga of Iraq and its inability to meet the June salaries. Iraq went out first to the IMF, then Saudi Arabia and then to Kuwait begging for money to pay these salaries. Both rejected their pleas. We know that for the month of May the GOI borrowed money from internal banks. This practice cannot continue. What will Iraq do?

I am hoping this is a wake-up call for Iraq to now move forward with its reforms in all aspects of non-oil-based revenue generation and allowing foreign investors to comfortably come into Iraq to establish businesses. Thee has to be some drastic changes and the new prime minister Al-Kazemi must be the one to make them. In fact, I will even go out on a limb and suggest conspiracies at play here that are altering the course of Iraq. Okay so what do I mean by this?

Conspiracies -in that maybe this entire oil cutback, was instigated by coercion from the Saudis and the US to get Iraq on a straight and narrow path, and at the same time pushing Iran out. Oh yes the Russian were involved and gave a convenient excuse to do it. Always has to be a  justification get it? Oh – did I mention to push down the economy of Iran even further?

So tell me - is this why Trump got the US fully off foreign oil prior? Just think of a chess game and setting up your opponent in previous moves. But at some point, there has to be a “checkmate”. Afterall this is the point of the game right?

It may seem gloomy and doomy at times but I see the plan playing out and taking shape. You just have to pay attention and put the pieces together. You only know what you don’t know. So how to do you get to know it then?

YOU PAY ATTENTION AND EDUCATE YOURSELF…!!!!! 

What you DON’T want to do is feel sorry for yourself and cry in your bier. 

Did you notice too how this oil crisis happened shortly after the assassination of Soleimani and his gang of generals? And at the same time the Corona virus pandemic. Is this all coincidental? Did someone plan out these events? Yes- I do think so? Iraq just got hit with a triple whammy!

The U.S. too with the man-made corona virus crisis. What is this really all about?

Events like these, when they happen in this kind of sequence make me very, very suspicious of someone working behind the scenes orchestrating it all and we are just ignorant pawns as part of their game.

So where are we in the progression to get the revaluation and reinstatement of the Iraqi dinar?

Like I keep telling everyone we are concerned about the “reinstatement” of the Iraqi dinar on FOREX in a tradable format. To bring this about the CBI  will have to delete the zeros from the currency. This is when we go to the bank and not before. All this other crap you are hearing is just crap, so pay attention to what news that really matters. Spend your time wisely.

So far, the CBI has been very quiet on this topic of the “project to delete the zeros”. It seems up to October 2019 they were very hot and moving ahead in the direction to do it in January 2020. Then came the protestors and after that corona virus and oil crisis. Did you notice how the CBI in the past usually gives at least a monthly update on the project? Now we have not heard anything for nearly 6+ months. Why? They have told me over and over again that they fully intend to keep the Iraq citizens informed of this event. They have kept their promise in the past and I don’t see why they would clam up now. So this is the first piece to the puzzle to figure out.

Could this be because of the continued protests and the oil crisis? We know these protests will only get yet even larger if the government has to cut back on salaries for June or worst case can not pay the salaries for June. So it may be the case that it could only get a bit worst before it gets better? Just saying…..

In my last newsletter I stated that we had a very good chance of seeing the project to delete the zeros sometime in early June but this statement was predicated on the CBI verifying this speculative statement of mine. There is so much evidence that Iraq is still moving ahead with their intentions of international movement in all directions including the ISX and foreign investors. I would not bet on the horse of them passing the budget as the only indicator of an RV. This is so ridiculous it makes me laugh. We have been down this road so many times already. I know these idiot gurus, especially this jerk TNT Tony have told you this. Of course though in his ignorance he has to cling to something since he has nothing else.

Folks the reinstatement is not going to show up in the budget. Get it? There is absolutely NOTHING in the budget that is going to indicate an RV. The CBI can simply reinstate the dinar at any time and do not need a budget to do it. When the RV does happen the GOI will simply have to re-adjust and move along with it. We do know from the past the CBI would like to coordinate with the GOI and even get permission. But we see that the holdups and unresponsiveness of the GOI in the past have held up these reforms and so the CBI may very well just decide to bypass the GOI altogether and do it in desperation.

We also have to consider the IMF and its mandated reforms on Iraq have not all been met on schedule. Could this be why they too decided not to give any more loans to Iraq. Besides Iraq can’t even pay its salaries going forward and so how in hell are they going to pay on any future IMF loans? 

So the budget does not matter. Do I have to pound this into your head or what? Every year same old guessing and putting our money on the budget. Stop this stupidity! In fact, now more than ever don’t go the budget for answers but rather what the CBI is doing behind the scenes.

So, we wait for news from the CBI and that is all we can do. I will try to contact the CBI next week and see if I can get an update from my contact. Stay tuned….

More news….

Informed Iraqi sources revealed that "Iraq's revenues from selling oil, between the beginning of last March and the end of May, will reach about $ 5 billion at best, while the actual salaries need is approximately $ 12 billion, which puts the government in the face of a devastating deficit."

(Mnt Goat – just so you know in a later article in todays newsletter they told us the salaries were about 5 trillion dinars or about 4  billions US dollars. So why are they inflating them now to $12 billion in this article? We know from reading many articles the salaries are only 4 billion. So this 12 billion is not accurate or a mistake. That’s a lot of money for salaries…lol..lol..lol..)

The sources told Arab media that "the prime minister received very encouraging Arab and international promises regarding providing adequate financial support to Iraq in order to overcome this economic crisis."

Beneficiaries of government salaries and subsidies breathed a sigh of relief when the government announced that it would pay the salaries of this May in full without deduction (cutbacks).

But the government's use of the term "deduction" to talk about salaries in June has fueled widespread speculation that deductions (cutbacks) will inevitably come in the coming months.

BEGGING KUWAIT FOR THE MONEY FOR SALARIES

Kuwaiti Prime Minister Sabah Al-Khaled stressed that the country's economic situation is good now in terms of classification and solvency, but the government has no cash to pay the salaries of next June.

(Mnt Goat – Iraq is in trouble. Where will it get the money to pay June’s salaries?)

More news….

IRANIAN DIPLOMATS SECRETLY WORKING TO LEAD IRAN'S EFFORTS TO INFLUENCE THE COURSE OF THE POLITICAL PROCESS IN IRAQ.

Reuters reported that Iranian diplomats are secretly working to lead Iran's efforts to influence the course of the political process in Iraq.

The agency added that the Iranian diplomats want Tehran to shift away from the method of imposing the strictest will in Iraq that was used by Qasim Soleimani, who was killed in an American air strike.

The agency noted in a report that THE SHIFT TO MORE CONSENSUAL METHODS IS TO BREAK THE POLITICAL DEADLOCK IN BAGHDAD, WHERE IRAN HAS BEEN WRESTLING WITH THE UNITED STATES FOR INFLUENCE FOR NEARLY TWO DECADES, and also to accelerate the departure of nearly 5,000 US soldiers from Iraq, according to three senior Iranian officials involved in the operation.

Brian Hook, the American representative on Iranian affairs, said that President Donald Trump's "extreme pressure" policy is choosing Iran between negotiating with the United States, or facing an economic meltdown as a result of US sanctions.

"Given our pressure, he faces leaders," Hook said in a conference call, "Sputnik" Iran an option: EITHER NEGOTIATE WITH US OR DEAL WITH AN ECONOMIC MELTDOWN. "

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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

GOVERNMENTAL ADVISOR: 5 TRILLION DINARS, THE GOVERNMENT'S NEED TO SECURE SALARIES FOR NEXT JUNE

The government's economic advisor expected the appearance of Mohammed Saleh, the Iraqi government to resort to financial borrowing to secure the salaries of employees and workers in the public sector for the month of June.

(Mnt Goat – we have already been told that the GOI will borrow money from the internal Iraqi banks for May and June. So, I don’t know why they are telling us this again like they still have to decide upon it.)

Saleh said, "The government borrowed three trillion dinars from government banks to secure the salaries of employees, retirees, and social welfare for the month of May ."

He added that "OIL REVENUES ARE NOT ENOUGH TO SECURE SALARIES, AND MAY REACH TWO TRILLION DINARS," noting that "the government needs more than five trillion dinars per month to secure the salaries of the state ."

And Saleh pointed out, "The government tended to streamline unnecessary expenditures, and that it resorted to loans to secure salaries for the month of June.

(Mnt Goat – I wanted to bring this article to you because it is telling us a couple things: 1)the amount of monthly $ they need for salaries (5 trillion dinars or about 4 billion dollars); 2)they are in desperate need of money and so what will they do for the June salaries? Will they borrow again? 3)will they resort to using the CBI reserves eventually? 4)they will have to do something drastic and do it soon since the price of oil is not going to jump to $60 a barrel for a long time; 5)this situation is causing great pressure to make the necessary changes for other sources of revenue and not rely on oil revenues, something they should have done already by now and the IMF kept telling them to do it. I can see many benefits for us with the drop in oil prices too as investors. Can you see what might come next?)

*************************************************************



IRAQ PUSHES FOR RESCHEDULING OF REPARATIONS TO KUWAIT

Iraq's Minister of Finance, Ali Allawi, arrived in Kuwait on Saturday for talks with senior officials.

Mr. Allawi held discussions with the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on bilateral relations and delivered a written message from Prime Minister Mustafa Al-Kazimi.

He also held talks with the Minister of Finance, Barrak Al-shootan, the Minister of Oil, Khaled Al-Fadhel, the Deputy Foreign minister, Khaled Al-Jarallah and other senior Kuwaiti officials.

The discussions focused on taking forward and implementing the decisions of the International Conference for the Reconstruction of Iraq held in Kuwait in February 2018, LINKING THE ELECTRICITY GRIDS OF THE TWO COUNTRIES, and RESCHEDULING (postponing) IRAQ'S COMPENSATION PAYMENTS TO KUWAIT.

(Mnt Goat – we have been told many times that by the end of 2021 these war reparations would be repaid. Iraq has been working to pay them off but now they have to halt these payments for some time. I am told this will not effect a reinstatement since the IMF is leaving any negotiations between Iraq and Kuwait between them.)

*************************************************************

REPORT: AL-KAZEMI RECEIVED 'SCRAP' IN THE STATE TREASURY ... AND OIL PRICES ARE 'PROMISING' TO GET OUT OF THE CRISIS

The London Arab newspaper said today, Wednesday, THAT THE GRADUAL RISE IN GLOBAL OIL MARKETS GAVE PRIME MINISTER-DESIGNATE MUSTAFA AL-KAZEMI HOPE TO OVERCOME THE COUNTRY'S FINANCIAL CRISIS, which he inherited from his predecessor, Adel Abdul-Mahdi. 

According to a report by Nass, (27 May 2020), the Iraqi Minister of Planning Khaled Battal acknowledged that the new government had received a cabinet containing some scrap, which is the common term used in the country to describe the small amounts of money. 

According to the newspaper, "THE IRAQI GOVERNMENT NEEDS APPROXIMATELY FOUR BILLION DOLLARS A MONTH TO FINANCE THE SALARIES of millions of employees, retirees and social benefits, which are payable amounts." 

It quoted informed sources that "Iraq's revenues from selling oil, between the beginning of last March and the end of May this year, will reach about 5 billion dollars at best, while the actual salaries need is approximately 4 billion dollars, which puts the government in the face of a devastating deficit."   

The sources said, "The Prime Minister received very promising Arab and international promises regarding providing adequate financial support to Iraq in order to overcome this economic crisis." 

Beneficiaries of government salaries and subsidies breathed a sigh of relief when the government announced that it would pay the salaries of this May in full without deduction. 

But the government's use of the term "deduction" to talk about salaries in May has fueled widespread speculation that deductions will inevitably come in the coming months. 

Previously, planners in the Iraqi Finance Ministry had set a hypothetical safe barrier for the price per barrel in the global market, which is $ 56 to build on the spending budget.  But ECONOMISTS BELIEVE THAT SELLING IRAQ PER BARREL OF OIL NOW AT A PRICE REVOLVING IN THE ORBIT OF $ 40 WILL SECURE THE NECESSARY SPENDING NEEDS AMID EXPECTATIONS that this price may be affordable for producers within weeks from now. 

What about visiting Saudi Arabia? 

The report believes that "the rapid announcement of the provision of staff salaries during the month of May, in full and without deduction, in conjunction with a visit by the Iraqi Finance Minister Ali Allawi to Saudi Arabia, in his capacity as an envoy from Al-Kazemi, an indication of what the new government can take of decisive steps, amid Great concern among Iraqi parties, groups and militias loyal to Iran.

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THE NATIONAL:  SENIOR IRAQI OFFICIAL LAYS OUT JUST HOW BAD IS COUNTRY’S FINANCES 

(5/27/20)

Veteran economist Mudher Salih says $50 billion were spent on importing fuel over last decade, despite the country’s oil resources.

A veteran Iraqi economist who is advising the country's new prime minister has revealed astounding figures on government waste in the resource-rich but impoverished nation.

Mudher Salih painted a picture of a state obsessed with generating cash from its oil sector without taking action to develop the country or plug black holes in the budget that have been sucking vital liquidity out of public finances for years.

Mr Salih told the official Iraqi news agency on Tuesday that THE ELECTRICITY SECTOR ALONE COSTS THE GOVERNMENT AROUND $10 BILLION (DH36.7 BILLION) A YEAR to operate but generates only seven per cent of its operating costs in revenue. The country also suffers crippling power cuts and imports electricity and gas from neighbors to boost production.

Official data show Iraq's generation capacity at 16,000 megawatts compared with the 24,000 to 30,000 megawatts needed to satisfy demand.

The former central bank official is one of the few senior independent experts in Iraq who survived purges under Saddam Hussein. He retained a senior position in the state after the consolidation of the Shiite political ascendency in 2005, the year Iraq had its first democratic poll post-Saddam.

Mr Salih said the STATE IMPORTED $50 BILLION WORTH OF FUEL in the last ten years, although Iraq is one of the top five members of the Organization of the Petroleum Exporting Countries (OPEC).

THIS AMOUNT COULD HAVE BEEN USED TO BUILD TEN LARGE OIL REFINERIES, Mr Salih said. "Big structural changes are needed in the electricity and oil sector."

WITHOUT "REAL" INVESTMENT, Mr Salih said Iraq will have no capacity to develop and progress". He added that investment was mostly made to produce more oil and that revenues outside the sector are non-existent.

He said the government will be taking "emergency measures and they will be very difficult, in addition to a long-term reform process to activate the private sector."

Mr Salih's comments echo warning by the World Bank in a recent report about Iraq facing a combination of acute shocks, which the country is ill-prepared to manage.

The report, dated Spring of this year, highlights challenges including the collapse in oil prices, the coronavirus, pandemic and "growing discontent over poor service delivery, rising corruption, and lack of jobs."

The World Bank predicted a debt trap scenario that would create pressures on the exchange rate and inflation.

The scenario assumes that if oil prices stabilized in the low $30s per barrel, Iraq would still need to raise $67 billion in financing, equivalent to 39 per cent of gross domestic product, to cover spending.

IMPLEMENTING REFORMS IN IRAQ HAS BECOME EVEN MORE CRUCIAL for the sustainability of growth and job creation," the report said.

Iraq's new prime minister, Mostafa Al Kadhimi, has signaled his intent to fix the economy by appointing his confidant Ali Allawi, a former investment banker, as finance minister. Mr Kadhimi said he found state coffers "nearly empty" when parliament confirmed him on May 5.

Mr Allawi's first trip abroad as an official over the weekend was to Saudi Arabia, the default destination for most Arab nations in economic trouble.

(Mnt Goat – So again we hear news about the necessity for Iraq to bring in investors and mover to a private sector economy, taking pressure off the GOI to pay out these salaries each month. Why not let the private sector pay these salaries? But this will not come unless the investors flock in and this will not happen until they know that Iraq has a stable, global currency that can be easily exchangeable to their own currency of their country. When will Iraq reform their currency and get out of this program rate and 3 zero notes? They have gotten so used to surviving off the US dollar now it is hard to move from it.)

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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) and now the corruption in Iraq have worked. God has guided these young men and women on the battle field. He has guided the honest, patriots of Iraq to fight for their homeland.  So this new war now on our citizens is underway. New battles are raging every day over corruption.  These are battles to save our societies from the corrupt politicians and secret societies 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 and enslavement of people in Iraq and also in the United States. We must pray for our leaders that they may be anointed by the Holy Spirit and guided to do God’s work. 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 reinstatement of the Iraq dinar occurs.

PRAYER

“For all leaders of all nations, that they may be anointed by the Holy Spirit to do God’s will and work to bring about abundance and prosperity to their nation. 

To fight this waging war on corruption, our freedoms, our liberties, socialist plans and injustice.

To bring all those corrupt to justice and pay for their crimes no matter how high up in the government they are.

To end the corona virus “manmade crisis” and to awaken people everywhere of the dark side and the tools it will use to gain power and control.

That the FREE WORLD may be a shining example for the rest of the entire planet.

In the name of Jesus Christ our King and Savior, Amen” 

Auf Wiedersehen

Much love to ya all,

Mnt Goat