Mnt Goat Wednesday Update - “This Week’s Update” - 12/31/2014

[ronscarpa]

 

Mnt Goat Wednesday Update - “This Week’s Update” - 12/31/2014

 

(Thank you George for emailing this to D.Recaps.)

UU9431 – “This Week’s Update”  by Mnt Goat

Hi Everyone,

Well its New Year’s Eve 2015 and who the heck would have thought we would still be here having these news letters without a revaluation already.

Today I wanted to give everyone a very brief news letter but after writing it I see it is not so brief. Sorry!  Now  I will get right to the point once again. I hope everyone also read my last news letters dated 12/26,  since this is a continuation of this ongoing saga of getting this 2015 budget bill passed thus showing us the way to the RV event.

Today’s News

The news coming from Iraq this week in not what I expected but it is solid and I know I can rely on it as to what is happening concerning the RV. Some say no one knows what is really going on. This is not entirely true.

Yes – Iraq and the USA do try to hide information from us since no one is supposed to know the date or rate of the revaluation. So hear is what I now know.

As we know Iraq sets targets for the accomplishment of certain laws and events. We see these targets come and go. Sometimes they are on target but mostly they have a warped sense of timing and usually more than often do not make their targets. Getting the budget for 2015 is another one of these times.

Let me explain to you what happened to the budget bill for  2015. They missed many of their past target dates, as we witnessed. However on Dec 22nd  the house received the completed/adjusted budget finally from the cabinet of ministers. Then on December 25th they got it fully passed in the house.

Yes – I said it is completed, passed, done, done, done and I don’t care what any one else is telling you. There is only one small caveat to this remark and I will explain it later in this news letter. This is the key to understanding just what happened and why we have not yet seen the announcement of the RV. First let me explain to you a little more to help you understand that the budget is in fact done.

Two past articles came out explaining how much President Masoum and House Speaker Jabouri both supported  a speedy passage of the budget bill and vowed to push it through once given to them by the cabinet of ministers, yet once they received it then only had one reading and then delayed it for another 2 weeks? Does not make any sense folks !

Does it seem funny to you that Jabouri would call an extra emergency session for Dec 25th during this period of time yet only do one reading on the budget and then delay the second reading yet another 2 weeks? Does not make any sense folks!

Why would Masoum ratify the budget bill last weekend if it was not passed in the house last Dec 25th? Of course this was not supposed to get out in the news media and I will tell you it was a slip up. It quickly got hushed up! Why? Does not make any sense folks!

I tell you something is smelling fishy to me as it usually does in case with Iraq when it does just not make any sense. So I snooped around to my CBI and USA contacts. Sometime it is hard talking to them since you have to have direct questions to them. You  have to know what path to take and how to lead them in you quest for information. This is just how they think over there. This is what I found out.

All intentions were in fact for the CBI to announce the RV during the period of Dec 26 – 28th. I know this for a fact. Why did this not happen?

It did not happen because the USA simply stopped it and wanted more political security and the completion of non-sectarianism efforts in the country of Iraq. Kind of like putting the icing on the cake.

Iraq did previously agree to FULLY implement the Amnesty law but instead we see they just let out 800+ political prisoners over the last couple weeks. This looked good but not totally what the USA expected. They did not implement the law fully. They did not follow their agreement. So the USA put a hold on the RV until it is done. Why is this so important?

It is important because going into Christmas week it all looked very good for the RV until the USA learned that in fact they did not pass the Amnesty Law and fully implement it and only released prisoners. There is still also some work to be done on the legislation for Article 140 (talk about this later).

It is important too since when the Amnesty Law is fully implemented (as written now) there are other provisions within the law besides releasing prisoners. It will allow the international community with organizations like International Police (INTERPOL) and the International Criminal Courts (ICC) to take custody, hold trials, convict and punish ANY politician from Iraq responsible for the crimes against humanity committed over these last 8 years and for future crimes. Amnesty International also has put great pressure on the USA government to force Iraq to put these provisions into their Amnesty Law. These clauses were met with much resistance by Iraq. Why?

It is easy to see that those guilty parties would resist (Maliki goons) but what about the resistance from the current Abadi administration. Why would the current administration object? Surely they want to punish those involved on screwing up Iraq over the last 8 years. The current administration first of all does not want to air it’s  dirty laundry and any international trials would surely make headline news. Also they want to punish the guilty on their own time and on their own soil. This is a fine line and took delicate political maneuvering.

So you see this is why it took so long to get the Amnesty Law updated in the first place. I have referred to this law as being necessary all along and talked about it many times in my news letters. Only I, like many, assumed it was all done and implementation was just a matter of timing. But again Iraq tries to do things their way and under mind what the USA really wants. The USA is standing firm on this one.

Next there is a matter of the oil dispute as seen in the Hydrogen Carbon Law (HCL) and Article 140. After all is this not the majority of the wealth within Iraq in the first place? Is this not why USA is really in Iraq?

By now everyone should know the importance of both of these laws. Let me first refresh you memory a bit.

HCL

The Iraq Oil Law, also referred to as the Iraq Hydrocarbon Law was legislation first submitted to the Iraqi Council of Representatives in May 2007. The legislation started when the U.S.-backed Iraqi cabinet approved a new oil law that was set to give foreign companies the long-term contracts and the safe legal framework they have been waiting for. The law rattled labor unions and international campaigners, who say oil production should remain in the hands of Iraqis. They remembered history well since they recalled what the US backed oil companies did in Iran in the 1950’s. History was doomed to repeat itself in Iraq, so they thought. You should read up on the past Iranian oil controversy since it is at the root of all negativity between the USA and Iran ever since.

The new law authorizes production share agreements (PSAs) which guarantees a profit for foreign oil companies. The central government distributes remaining oil revenues throughout the nation on a per capita basis. The draft law allows Iraq's provinces freedom from the central government in giving exploration and production contracts. Iraq's constitution allows governorates to form a semi-independent regions, fully controlling their own natural resources.

The GOI of the past Maliki administration wanted full control of these resources and the revenue generated. Having this kind of control meant more centralized power to the GOI, something Maliki especially saw important during his second term. He would use this power to control the Kurds since oil is their main source of revenue to support their economy and the Peshmerga army (sole means of defense against the army of the GOI). In short if Kurdistan was going to pump the oil it wanted autonomy  in doing so and its share of the revenue, only as guaranteed by their constitution (17% revenue sharing).

So prominent Iraqi parliamentarians, politicians, ex-ministers and oil technocrats urged the Baghdad parliament to reject Iraq's controversial hydrocarbon law, fearing that the new legislation would further divide the country already witnessing civil strife.  Discussions turned contentious among the more than 60 Iraqi oil officials reviewing Iraq's draft hydrocarbons bill in the United Arab Emirates. But the dispute highlighted the need for further negotiations on the proposed law that was stalled in talks for nearly a year, then pushed through Iraq's Cabinet without most key provisions. The GW Bush administration was concerned that recent security gains of post 2003 in Iraq may be undermined by continuing political gridlock, and started pushing the Iraqi government to complete long-delayed reform legislation.

Article 140

The Disputed territories of Northern Iraq, or Disputed internal Kurdish-Iraqi boundaries, are regions defined by the article 140 of the Constitution of Iraq as being Arabised during the Baath Party rule in Iraq. Most of these regions had previously been inhabited by non-Arab minorities, most notably Kurds, and were later arabised by transferring and settling Arab tribes in those areas.

The disputed areas have been a core concern for Arabs and Kurds, especially since the US invasion and political restructuring in 2003. Kurds gained territory to the south of Iraqi Kurdistan after the US-led invasion in 2003 to regain what land they considered historically theirs.[1] Currently, in addition to the four governorates of Iraqi Kurdistan, Kurds control parts of Nineveh Province, Kirkuk Governorate, Salah ad Din Governorate and Diyala Governorate, which are also claimed by the Iraqi government; on the other hand, Iraqi government controls parts of those four provinces, some parts of which are also claimed by the Kurds. However in 2014, during the 2014 Iraq Crisis, Iraqi Kurdistan's forces also took over much of the disputed territories.

For the Kurds and the Arabs these disputed lands are much more than about the oil. It is also about people and their homes and who will rule them. What the population is and which providence will get the demographics on their census. Census is important for voting. Control is important for oil resources. Its all interconnected.

 So why did I go into such an explanation of these two important areas? I did this today because what I found out is that the USA is demanding that Erbil be completed and implemented prior to revaluation release. The budget can not be completed without these issues being addressed and completed. Although HCL has been agreed upon Article 140 has not. There must be an implementation of a law now through the legislation to support the Article 140 of the Iraqi constitution.

If you read the recent released budget law of 2015 you will see that there is a place holder under section 38 of the law. Did it seem funny to you that section 38 is missing from the law? I am told this is for dealing with these two important concerns that of the HCL and Article 140. What does this tell us?

It tells us that there is still work to be done in this area of dealing with the oil reserves and revenue sharing as the  budget is concerned and in fact the budget is not entirely complete as many thought. So how can the budget then be passed and done? It can be passed and done since these items do not require budget legislation being voted on in the house. These laws can become legal simply buy the three presidents (prime minister, speaker of the house and president of Iraq) sitting down and signing them into law. Then they will update the budget to coincide.

So when will this take place? This is in the basket of laws we are waiting for. Amnesty is also included. It is also needed. It is also a hold up. This is why we wait. This is why Iraq has notified the world they will not be ready until on or around Jan 7th to implement their new budget. This is of course just another target. Will it be met?

They are telling us once implemented the 2015 budget is will be retroactive to Jan 1st. This is their way once again and skirting around their own target dates yet making peace with the citizens. They are noted for this and we all should be use to their tactics by now.

Remember how they used this same kind of political tactics too in getting Abadi confirmed. They simple allowed the voting in parliament to meet their 30 day deadline knowing darn well that some of the candidates for ministries would be rejected. It got Abadi confirmed as the new prime minister (so he could get to work and eliminate any opposition denouncing his legitimacy) then came back later and told us four of the ministers were not ratified. We then witnessed a month of disputes over these ministers and finally a resolution. Meanwhile they moved forward and the work began. This was to me ingenious and well done Abadi ! It showed real leadership and the ability to manage in the midst of crisis instead of the constant stalemate we witnessed under Maliki.

So once again now with the 2015 budget we see some of the same tactics. They are constantly moving forward. It may not seem that way to us since we expect them to meet all their announce targets. When we don’t we think they are stalemate but actually they are just stalling for time. But you have to learn to see what is really going on behind the scenes. I am trying to show you from my research and then explain it to you in the simplest terms I can.

Rule for Iraq - Does Iraq ever do anything on time? ……lol….

 

SUMMARY

As I have said previously I thought this entire budget bill process was put in warp drive and I was correct. There is really not too much for Parliament to do with the budget bill anymore as it is now on hold until other matters are done. In reality they moved so quickly with the budget the other pieces now have to catch up before they can implement it.

This story I told you today is how they were able to push it through the house so quickly. The hold up now is still in the section 38 items dealing with the oil. Other laws too are a concern and the USA is demanding these get implemented prior to any RV of currency.

Then when can we expect the RV?

There is only 1 day remaining till Jan 1st 2015 and on this eve of the new year many of us sit here in wonder. You should not be disappointed and be confident instead. All is still very good and I am happy to finally get the truth.

From what I just learned this will not go on until at least Jan 7th  2015. All indications are now we are on track to see the CBI announce the RV for Iraq on or around this new timeframe. I am sorry and I did not want to spoil your new year celebrations but this what I have heard and know to be accurate at this time. I hope I explained it well enough for you to understand.

Will the USA stop it once Iraq announces it? I do not see them doing this as long as all the needed laws are put into place as agreed would happen prior.

Peace and Luv To Ya All,

Mnt Goat

 

 

[bassglo]

According to Adam in his chat just today, the USA doesn't 

have any control over the value of Iraq's currency. The CBI sets the rate.

 

So I have to wonder if the USA can dictate what must be done prior to an RV.

 

[waterman13]

According to Adam in his chat just today, the USA doesn't 

have any control over the value of Iraq's currency. The CBI sets the rate.

 

So I have to wonder if the USA can dictate what must be done prior to an RV.

 

The IMF / World Bank sets everyone's (countries) rates.

Wm13

[sxsess]

These idiots that claim to be qualified to speak about the current situation in Iraq as it pertains to the IQD are total imbeciles. Which makes anyone that follows them total imbeciles also. People get a clue and stop fantasizing about becoming an overnight millionaire. Jeez its amazing how desperate people are and how out of touch of reality people are. 

[sandfly]

W YOU ARE WRONG ABOUT THAT ONE. BUT THANKS

[iamtheeggman]

So sx what are you and the people that listen to your rant?

[darwinatridge]

I have one question. Has anyone seen a copy of this budget that these gurus claim to have read or seen?

[Heck]

Amazing ...People "still" follow Mnt Goat just like they do TNT Tony.

 

For YEARS TNT Tony has  stated he has "Government Contacts" that cant be disclosed and "IMF" contacts that cant be disclosed and Iraqi contacts that cant be disclosed and  "THEY ALL" guarentee closure next month!

 

Read Mnt Goat's post he is just the same.

 

"So I snooped around to my CBI and USA contacts"  Mnt Goat States?

 

Mnt Goat has these invisable contacts for years that no one but MNT Goat can talk to or even be secretly introduced to....just Mtn Goat..lol

 

That is a special person with a LOT of security clearance with Iraqi, CBI and the U.S. contacts and is still allowed to post on public forums.

 

Just a thought, what the Heck

[drj]

The IMF / World Bank sets everyone's (countries) rates.

Wm13

 

Sorry but the market determines exchange rates.  Here's a link for your review...http://www.investopedia.com/articles/basics/04/050704.asp

[King Bean]

Isn't this "goat person" supposedly reporting from the German mountain region? That makes me wonder about this quote from "her" December 26th post. Hmmmmm??

 

" My guess is that since we are so close to January 1st anyhow, they will probably wait anyhow to that time and not do anymore exchanges in the USA until the rate is announced here in the USA." 

Edited January 1, 2015 by King Bean

[Artitech]

I have one question. Has anyone seen a copy of this budget that these gurus claim to have read or seen?

No Its Total B.S.

[waterman13]

Sorry but the market determines exchange rates.  Here's a link for your review...http://www.investopedia.com/articles/basics/04/050704.asp

If you believe that tou are totally decieved! How is the US Dollar so high with over eighteen trillion dollars of debt? In fact the Dollar is DEBT! It's a note, a debt note. You need to have your eyes opened to the deception.

Wm13

[Benjamin NutnYahoo]

Hey Mound Sheep....Shut up.

[TBomb]

If you believe that tou are totally decieved! How is the US Dollar so high with over eighteen trillion dollars of debt? In fact the Dollar is DEBT! It's a note, a debt note. You need to have your eyes opened to the deception.

Wm13

Agreed Waterman.  Also, we have to look at who controls the world bank ....there are some reports which indicate that the IMF is moving ahead with reforms and are no longer going to await the US govt to approve the implementation of the IMF 2010 reforms...so, as far as how much control the US has over the IMF IDK, but the World Bank, yep, the US has great influence. 

 

Sandfly, I meant no disrespect with  my reply..if you have contradictory info..I'd love to see it..thank you for all you do!

December 12, 2014 8:39 pm

Christine Lagarde warns US over IMF reform failings

Robin Harding in Washington

 

IMF managing director Christine Lagarde©EPA

IMF managing director Christine Lagarde

The US risks losing influence at the International Monetary Fund after long-delayed reforms were left out of a 2015 budget deal in Congress.

Christine Lagarde, the fund’s managing director, said she had “expressed her disappointment” to the US. The IMF will now explore “alternative options” after Congress ignored a package of governance changes first agreed in 2010.

Congressional refusal to pass the reforms has angered emerging countries and spurred the creation of new institutions, such as a “Brics bank”, as developing countries seek a role in global governance to reflect their growing economic power.

 

The G20 group of leading economies issued an ultimatum in April, urging the US to pass the reforms by the end of 2014. The latest refusal by Congress means the US could be cut out of future reforms altogether.

“Adoption of the reforms remains critical to strengthen the fund’s credibility, legitimacy, and effectiveness, and to ensure it has sufficient permanent resources to meet its members’ needs,” Ms Lagarde said.

“As requested by our membership, we will now proceed to discuss alternative options for advancing quota and governance reforms . . . starting with an executive board meeting in January 2015.”

The proposed changes would double the IMF’s quota — in effect, its equity capital — to $720bn; shift six percentage points of total quota to emerging markets; and move two of the 24 IMF directorships from European to developing countries.

The new quota would come from converting existing loans to the IMF by the US and other countries. But Republicans in Congress have repeatedly rejected the changes, saying the US should not increase its exposure to the fund.

Ms Lagarde’s problem is that the US has veto power over governance changes at the IMF so it is extremely hard to pass reform without a vote in Congress.

Ted Truman, senior fellow at the Peterson Institute for International Economics in Washington, has proposed a “Plan B” but it would mean US Treasury secretary Jack Lew deliberately putting the US veto at risk.

Under Mr Truman’s plan, the IMF would abandon the 2010 agreement, and negotiate a new version with a lower threshold for ratification. Mr Lew could agree to that as US governor at the IMF.

With the lower threshold, a reform could come into effect without congressional approval but in that case the US would suffer a permanent loss of IMF voting power.

Trying to force congressional action in such a way is a high risk, and unlikely, strategy for the administration. Mr Truman notes that Mr Lew might have the power to do it but he would probably be forced to resign directly afterwards.

The anger of emerging economies will therefore most likely express itself in rapid development of their alternative institutions, threatening the role of the IMF as linchpin of the international financial system.

 

http://www.ft.com/cms/s/0/9026530c-821d-11e4-a9bb-00144feabdc0.html

Statement by IMF Managing Director Christine Lagarde on IMF Quota and Governance ReformsPress Release No.14/568

December 12, 2014

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today:

“The IMF’s membership has been calling on and was expecting the United States to approve the IMF’s 2010 Quota and Governance Reforms by year end. Adoption of the reforms remains critical to strengthen the Fund’s credibility, legitimacy, and effectiveness, and to ensure it has sufficient permanent resources to meet its members’ needs.

“I have now been informed by the U.S. Administration that the reforms are not included in the budget legislation currently before the U.S. Congress. I have expressed my disappointment to the U.S authorities and hope that they continue to work toward speedy ratification.

“As requested by our membership, we will now proceed to discuss alternative options for advancing quota and governance reforms and ensuring that the Fund has adequate resources, starting with an Executive Board meeting in January 2015.”

https://www.imf.org/external/np/sec/pr/2014/pr14568.htm

Edited January 1, 2015 by TBomb

[TBomb]

[TBomb]

I WAS NOT INTENDING TO RUN A COMMERCIAL FOR JIM, JUST THAT SOME OF THE INFO IN THE VIDEO IS INTERSTING

[TBomb]

ANOTHER INTERESTING SITE

 

 

http://fixthedollar.com/

[ReinMan]

PURE BLAH BLAH.

 

Also, no one has the budget.

How about a link?!

They should SHARE it since it's been leaked somehow, right?

More unverifiable piles of BS.

 

This is all BLAH BLAH for you to get caught up in like a whirlwind soap opera!!

[BradyBear]

I enjoy reading Economic papers,web sites and watching T.V. programs on the Economic factors around the world and have for many years; one of the main reason I jumped onto this ride(Iraq)!  Have You heard of Fracking for OIL?  That in just the last couple years has become extremely Profitable and is strongly taking back the American Dollar and making us once again the Giant of Oil because of how our part of the world(Earth Layers) was created; something the Arabs will never be able to do!  When their Oil is gone, it's Gone for ever! 

  What's happening is the Iraqs though they often seem to act to us as Idiots, it's actually a Social Mind Frame; not Western Thinking!

Unlike other Arab nations Iraq has two(2) Base Element Minerals that all the world needs for Industrial products!  They I strongly believe and see the Picture and want and Desire to have the American Dollars as much as possible while it's weak and cost for it is low though growing every day!

  I would not be surprised to see the RV start at a Low possibly .10 so they can Grab dollars at a very low turn over and once that Rush by the Greedy Americans is done start really pushing the RV Higher for their own Benefit!