Hi Everyone,
Guten Tag Dinarians. Meine Familie is doing well today as I wish yours is
too. Today I decided it was time to begin some cooking lessons for Meinen
Kinder. So we got out the aprons and began. By the way we also decided to
get Meinen Hubby involved since Meinen Kinder are now better cooks
than he. These lessons can be fun since the whole familie is participating
but they can also be messy since pans overflow and counters get sticky.
What I have learned is that new cooks often do not appreciate the need to
slowly cook their foods to let the flavors savor together. Somethings are
just now meant to be rushed. Do you know what I mean?
I come today to give an update on situation of Iraq currency revaluation.
Over the last couple days I have talked to many contacts inside Iraq and in
IMF and so there ist sehr gut information to share. I am also listening to
many perspectives as to how close we are and what has just taken place in
USA and so I will address these topics too. If you are reading this letter
and just expect a quick date and/or a rate, I will say once again- MY
INFORMATION SOURCE IS NOT FOR YOU.
Again there is much hype and almost madness the last couple days about this
topic of imminent revaluation and GCR and there should be since we are that
close. But let us take this a few logical steps closer and see that it can
in fact happen any day now but not everyday. There is in fact no mysterious
person or event holding this up. The fact that intel providers keep telling
you this is the primary reasons for your frustrations and stress. If this
is in fact what you do chose to believe than you can go right ahead and
believe it but I have to tell you it is not a nice way to live. What I want
to tell you in this letter is not easy since it is not so black and white
as most believe of this RV process. However I will try. I hope it all makes
sense.
In my last letter I stated there was a very good window of revaluation
announcement happening between last Thursday to Sunday (today). Again from
all the news I am hearing the next window is once again from next Thursday
to Sunday. I do not believe that we will see any changes until this next
window if we do not see this happen today (Sunday Nov 3rd). There are very
good reasons why I am stating this new window but this information would
not make any sense anyway to most so I will forgo any detailed explanation
at this time. You will see my meaning at a date in the very near future. As
you know I always come back in future letters and explain what has taken
place and why. Just that in the moment sometimes it is not practical since
the information can be sensitive (and sometimes almost unbelievable!).
Last week’s meetings in DC
Let me clarify first that the meetings between the prime minister of Iraq
(and other dignitaries) and US president Obama (and other dignitaries) held
last week in DC had nothing and I mean absolutely nothing to do with the
revaluation of the IQD or the GCR. First let me say that as usual there
were agendas by both parties. My contacts in Iraq explicitly stated to me
of a news briefing that took place in Baghdad including comments made by
Nori Al Maliki prior to his departure to the USA. The news reported that
his mission on attending meetings in DC was at the request of the US
presidential office in order to discuss security issues and to gain
assistance and aid from the USA in this matter. What Maliki was actually
hoping for was to gain enough confidence from USA so as to complete the
arms deal with USA for the promised F16 fighters and other military
equipment agreed to years ago. He also wanted to show his people that he
was still in charge, trusted and supported by the US government on
international matters of Iraq. As we all should know by now another term as
prime minister or getting these arms will never happen since he has proven
himself time and time again unworthy of any real trust as a leader.
So this past week there were the usual cocktail parties and dinners given
to dignitaries but nothing out of the ordinary for us and certainly
no grand announcements made out of the ordinary about the financial
structure of Iraq, the revaluation of its currency or the global reset. It
is just amazing how many want this RV so bad that they can literally
conjure up stories to suit their purposes. So please let me put these
rumors to rest. These meeting were not about our currency investments.
President Obama, on the other hand, had his good reasons for inviting the
Iraq delegation to DC. His primary purpose was to secure an updated Status
Of Forces Agreement (SOFA) from the 2008 agreement going forward so
US troops have the legal protections and immunities they need in their new
missions in the area. There are also provisions as to the future role the
US military can and will play in the country of Iraq. Remember the Syrian
and Iranian issues are not yet dead. Issues pertaining to use of chemical
weapons in Syria were also discussed and the role Iraq might play in the
disposal of the NBC material from the September UN mandate on this topic.
There was also a short meeting with president GW Bush, PM Maliki and
President Obama. I can only imagine the agenda but it was brief and I would
believe it had to do with some past agreements between the US and Iraq that
have not yet been honored and are way overdue. GW Bush may have had to
remind Maliki in the presence of Obama. I wonder what these agreements are
about?
Why do we still wait for the RV?
As I have stated in my last letter it does not surprise me for one second
some monkey business once again is taking place over the last couple
years on this topic. This mess began in the planning to use the IQD as the
base currency for the GCR process. With the advent of the internet
and cell phone technologies it is hard to control the flow of information.
Times have changed and it is harder and harder to hide information. Since
the longer they waited to do this event the more publicized is has become.
I think now perhaps they are in damage control mode and just attempting to
lessen the damage and now complete this process. Do not be so shocked about
the nondisclosure agreement (NDA) you will have to sign. It is now part of
this process to silence or tone down those who will partake in the rewards
of this financial rewards. Remember I have also stated in my past letters
that the US government decided not to fund the war by doing a massive US
Bond drive. Instead they schemed the plan to use Exec Order 13303 to which
in part allows average US citizens private ownership of the Iraq currency.
This was important since at the time of this act Iraq was on the terrorist
list and procession of its currency was illegal. So this still is the plan to
be used to pay for the war in Iraq and we are the so-called investors who
supported this plan. We can be proud of ourselves since we have been
instrumental in helping millions of Iraq citizens survive the aftermath of
the war and to help that country build up their CBI reserves for
reconstruction. All they truly need now is to revalue the provisional
currency and have the leadership going forward to use their new wealth in a
meaningful manner for society. Remember the next 10 year reconstruction
plan (that began November 1) is now underway. What will the next 10 years
bring for Iraq?
Tidbits about Exec Order 13303 extension
http://www.whitehouse.gov/the-press-office/2013/05/17/notice-continuation-national-emergency-respect-stabilization-iraq
So just how long can they keep the new rate from us?
We know for a fact that there have been at least 3 differing rates already
loaded on the SMART Cards. People are spending money in Iraq as goods,
services, pension funds, ration programs and other long awaited monies. But
still the best is yet to come. They are using this money now but only in
country. Each of these rates are well above the existing official
currency rate of 1166 as they coincide with agreed upon rates for the
various programs to which the money has been allocated. For example
the HCL law allows for payments at a rate of $1.17, pensions funds at .96
and certain contractor work at $3.44. We can also see that the UN article 8
provisions are satisfied except for the allowance and ease of capital flow
between countries with Iraq. This can not be fully accomplished as needed
by the IMF under this article unless the IQD currency is brought back from
the provisional currency status of pre 2003 (as by sanctions under chapter
7) to an international status. Some say this has in part already taken
place and I would agree in part but they need full international
recognition to allow investors, market players and exchanges to flow
freely. This is what must eventually take place and very soon. I believe
they are at the brink of accomplishing this. I have felt this way for
months now and I am standing firm that we are yet today even closer than
ever from the news of my contacts.
Now once again I do want to say something and I want everyone to listen and
realize (please) what is going on in Iraq. I have tried to explain it many
times with many emails and letters but some still do not fully understand.
The revaluation of the Iraq dinar is a process. It is a long drawn out
process. If you know the process you can follow it and see the progress
being made. I will admit I know the process very well but at times even I
slip up in the
of it since my mind does not want to grasp the idea that
it can take so darn long and they are sooo slow in doing anything in Iraq.
When Dr Shabibi was acting governor of the CBI he stated many times that
the introduction of the lower denominations would be gradual and slowly
phased into the economy. So why do we not hesitate to dispute the sudden
introduction of new currency in USA but do not apply the same logic to the
Iraq new currency? I have proof that the lower denoms first began being
slowing introduced and showing up in the banks for usage back in April of
this year and have increasingly become more circulated. Today, 6 months
later, we know that almost every providence in Iraq now has the lower
denoms and they are now allowed to circulate them (as in use them in
transactions). As people use their SMART cards with the existing monies
loaded they are now allowed to carry the lower denoms in their pockets in
excess from ATM withdrawals and bank transactions. In the past there were 2
different price tags at the markets. One tag for IQD price and the other
for USD price. Prices today now have been adjusted and it is becoming more
and more common in the markets that the USD price tags are now slowly going
away. In some stores citizens now see only the new IQD prices on
signs. This may seem like a trivial item but for me it was huge news
today. This is really good news for all of us.
They can do this since in their eyes, these already hold an increased value
from whatever rate they were paid on their cards. Think about this for a
few minutes. If this were not the case then how would they get any value
out of the goods they are now buying and how could they use the lower
denoms? We are now witnessing the final stages of the rolling out of
the lower denoms. The finance ministry has also announced that November 1st
was the last day allowed to turn in any of the old provisional currency
notes (3 zero notes). What does this tell us? This all speaks to us
RV, RV, RV…RV !!!! The news from Iraq could not get any better.
Please do not tell me ever that this RV has nothing to do with Iraq !
I fully believe that this RV is going to be like a pan of rice coming to a
boil. This is one of the dishes I showed my family how to cook today and it
made sense to use it now as a comparison. When you cook rice you should
always start off with cold water. Turn the heat up and let the rice slowly
cook. As it cooks, all of a sudden the starches in the rice will pop (like
the currency rates will get activated) as the starch in the rice all of a
sudden comes to a certain temperature, it will foam up and overflow the rim
of the pan (as will we and with our new wealth) if you are not watching
it. As it does this it will make a huge mess if you do not watch
it and be careful. You can monitor the heat and adjust it so it will not
overflow but you must be vigilant. The CBI has tools too that they have
been using to monitor this currency RV process. If they are not careful
they can ruin the process and it may take yet even longer to make the
needed corrections. From what I heard this weekend this is just what did
happen twice already. Just like if you turn the heat up on the rice too
much the meal spoils. At times when they could have turned the heat up a bit
more to quicken the process the government of Iraq stepped in and slowed
the process. But eventually the meal will get cooked just as the
country of Iraq will have to force out the new rate to the world. What I
have heard about Dr Shabibi is that he was frustrated as governor of the
CBI and left Iraq only to consult since the process could not be controlled
as needed with constant interference for the government of Iraq in its
controls and implementation of this process.
So if you truly want to know what is now holding up the RV I will
tell you….ABSOLUTELY NOTHING !
Hopes this helps everyone.
Peace and Luv to ya
mnt goat
