STREAMLINING THE SALARIES OF THE 3 PRESIDENCIES, SENIOR OFFICIALS AND PENSIONS
{Economic: Euphrates News} Economist Rashid Saidi said on Saturday that the government is effective in streamlining the salaries of the 3 presidencies, senior officials and pensions to eliminate unemployment.
Al-Saeedi told Al-Furat News that “the prime minister is now taking effective steps in the government of services, and we hope that he will reach the stage of rationalizing the salaries of the three presidencies, senior officials and pensions as he promised earlier.”
He added, “Iraq has the elements to eliminate unemployment and advance the country, and that there is great global evidence that Iraq can rise in its footsteps, and benefit from the experiences of others through blocs and political parties and stay away frominternal disputes.”
More news….
IRAQ ACHIEVES $7 BILLION FROM OIL SALES IN JUNE
Information / Baghdad.The Ministry of Oil announced, on Saturday, the total exports and revenues achieved for the month of June.
According to a statement of the ministry received by the agency / information / that “according to the preliminary statistics issued by the Iraqi Oil Marketing Company SOMO) the total amount of exports of crude oil (100) million (59) thousand and (52) barrels, revenues amounted to (7.115) billion dollars.”
(yet the dinar is still 1/6 of a penny?)
More news….
IRAQ’S OIL EXPORTS TO AMERICA AMOUNTED TO 7.5 MILLION BARRELS
The US Energy Information Administration announced on Sunday that Iraq’s oil exports to America amounted to 7.5 million barrels during the month of June.
A table published by the administration, seen by Shafaq News Agency, showed that Iraq exported crude oil to America during the month of June 7.500 million barrels and an average of 250 thousand barrels per day, up from May, in which Iraqi oil exports to America amounted to 6.634 million barrels and an average of 214 thousand barrels per day.
More news….
THE EXCHANGE RATE OF THE US DOLLAR AGAINST THE IRAQI DINAR CONTINUES TO BECOME INSTABLE.
With the early morning hours, the exchange rate of the US dollar against the Iraqi dinar continues to become instable.
On Sunday morning, the dollar exchange rates witnessed an unstable situation in Baghdad, where the selling price of the dollar against the Iraqi dinar recorded 148.000, while the purchase price of the dollar was recorded 147.000
(Please correct me if I am wrong. Didn’t the CBI outlaw the use of the US dollar in Iraq? Isn’t the only way you can get the dollar is thru the currency auctions. Is’t it the parallel “black market” that is the problem? Didn’t the CBI outlaw street venders selling dollars? So what does this tell you? Either this is false news or something else is happening they are not telling us about.)
More news….
WHY IS THE IRAQI OIL AND GAS LAW SO IMPORTANT?
Al-Aqili: The oil and gas law is the country’s safety valve.
The political analyst Sabah Al-Ugaili considered, on Sunday, four revealing reasons why the Oil and Gas law must be passed as soon as possible. See full article in the articles section below.
Noting that “there was a preliminary agreement between the political blocs on the need to pass the oil and gas law in conjunction with the approval of the general budget law.” But this did not occur.
And he went on: “The parliament will take up this work and place it a priority on the agenda when parliament is back in session after Eid holiday. Noting that “passing the law will work to end all crises that occur regarding the export of oil.
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When do they plan to pass the Oil and Gas Law?
A member of the Parliamentary Oil and Gas Committee, Intisar Al-Jazaery, confirmed in an interview with Al-Maalouma Agency, that “the Parliamentary Oil and Gas Committee is determined to approve the region’s oil law immediately after the legislative recess of Parliament, adding that the Kurdish parties, after passing many paragraphs, have surrendered to the fate.
More news….
STATUS OF THE RV
So, here we go again. Yet more rumors over the weekend of $1.30 RV in-country in Iraq. Someone has to clarify all this bullshit rumors. NO I will tell you it did not happen and here is why.
Folks, if you have been following my blog all along, especially as of lately, you would know this could not possibly happen unless the CBI first changed the “official” rate from the current rate of 1320 to a new rate of 750. They are not going to just drop the zeros off the official CBI program rate 1320 to 132. Get it? But, it appears this is exactly what some wise guy idiot did and started then to spread rumors of it. Unfortunately for him/her we know better.
I know this because the CBI official rate is still 1320 on the CBI site. Get it? Do you see it?
I can see the lie here since someone decided on their own that they would just drop the 3 zeros off the 1320 rate ($1.32) by moving the decimal over three places. But we caught them in this lie since this is not how it works.
Iraq is not going to just drop the zeros off the official CBI rate if the dinar to determine their “in-country” rate. Get it? I don’t know how many times I have explained this already.
When the time is right, the CBI will instead use the program rate of 1320 (as this is now the “official” CBI rate) and determine the US dollar equivalent rate. This is how it will be done.
Here is the equivalent rate of the dinar today under the 1320 official CBI rate: 1.00 / 1320 = .0007575. Move the decimal over three places and you get .75 cents (.76 rounded) USD per IQD dinar.
So, using the same caculation as above, to get a $1.30 USD equivalent rate to the dinar the official CBI program rate would have to change first from the 1320 to 750 which has NOT occurred.
The pivot point is always a dollar. So here is the calculation once again to determine the rate of the dinar IQD in dollars USD.
Let’s say for the sake of an example only in fact the CBI decides to move to a $1.30 USD equivalent rate they would first have to change the official CBI program rate from 1320 to 750. Get it?
Then the calculation is as follows: 1.00 / 750 = .0013333 move the decimal over three zeros and you get $1.33. This is the only way we will see close to a $1.30 rate ($1.33) in-country.
So, knowledge is a WONDERFUL thing and can be used to debunk these kid of rumors about an RV occurring already in Iraq. Actually, it is quite amusing since this idiot, who thought up this FAKE intel to fool everyone, doesn’t even know how to calculate the rate of the dinar against the dollar in the first place.
So of course, I can only guess that they also lied again and told people the newer lower denominations were out in some areas and not others – A BIG FAT LIE! These notes will not come out until the CBI says they are out and the Iraq news media will blast this news all over Iraq when it does. There will be a massive educational media program and we could not miss it. It will be in all the news channels in Iraq, as I am told by the CBI. Of course these idiot intel gurus once again take what I say about this educational program and tell you it has occurred without any proof of evidence. Like we are supposed to believe these idiots? My point is they listen to my TRUTH then try to lie about its implementation to fool you. Why do they do this I will never understand. Why do you have to lie?
Trust me on this one. This educational program about the project to delete the zeros will be HUGE news. They may now call it something different since lots of time has passed since it was originally coined this name. The Iraqi people have waiting 20 years to get back their normal currency (the lower denominations) and not have to carry around wads of these larger bills.
The depressing part about this FAKE intel is that many of these intel gurus just suck it up and go along with the lies. Somebody starts a rumor (lie) and up, up and away they all go. Like sheepy sheep following one another because no one has the time or knowledge how to do solid research to find the FACTS & TRUTH. Many will even tell you they are just summarizing others intel. What a waste, why bother? They rush to get on their intel conference calls and YouTube shows and tell everyone these rumors. They can’t think for themselves and try to debunk it first? Yes, this idiot Tony & Ray Renfrow (TNT) are just a couple of them along with his buddy this other idiot Bruce (Big Stupid Call). They say if you don’t like what we say then don’t listen. But this impact millions of people and so it does matter. Yes, your lying does matter. People need to hear the TRUTH.
I hope this clarifies this recent rumor of an RV in Iraq at $1.30. Read my lips – it never happened. It is FAKE news.
Now let’s take a look at the FACTUAL recent news about the RV:
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Iraq: Accession to the World Trade Organization (WTO)
Good news! Iraq’s accession to the World Trade Organization (WTO)
I present an article in today’s news about Iraq and its full membership in the WTO.
Yes, Iraq is now a full member. I quote from the article – “Iraq’s accession as a full member of the World Trade Organization is regularity in the global financial system in accordance with the criteria for liberalizing financial services”. Then yet more of the same good news and I quote – “
access to foreign transfers in foreign currency to the real beneficiary, and compliance with the standards of the global financial system”.
Oh…but the dinar is still 1/6 of a penny?
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Is the US government really helping Iraq or holding back Iraq?
On Monday, the representative of the Sadiqun Parliamentary Bloc, Rafik al-Salhi, pledged the government’s success in economic reforms by getting rid of American dictates, accusing the American side of working to sabotage the Iraqi economy by all means. Al-Salihi said in an interview with Al-Maalouma agency, “The United States of America besieges the Iraqi economy and makes it surrounded by it and prevents its launch towards the major investment countries.” Please go read my comments on this subject matter at the end of the article in the articles section below.
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Also oh!!!!! …So much talk about the Oil and Gas law. A member of the Parliamentary Oil and Gas Committee, Intisar Al-Jazaery, confirmed in an interview with Al-Maalouma Agency, that “the Parliamentary Oil and Gas Committee is determined to approve the region’s oil law immediately after the legislative recess of Parliament, adding that the Kurdish parties, after passing many paragraphs, have surrendered to the fate.
I can honestly say we may very well be waiting for this law to be passed and enacted. Why do I day this? Let me explain.
Sometimes I had my doubts this was required as the CBI told me they were moving along and we should expect the rate in the US. But last Saturday I did finally get in contact with my CBI representative and I was told that the Oil and Gas law did impact the ability for the Central Bank to move ahead. So why did you then tell me to expect a rate in the US, I asked?
So, this is the situation. I will use this analogy -what came first the chicken or the egg? We are in one of these situations again since the US Treasury says it’s the CBI who won’t move ahead and conduct the project to delete the zeros, which has to be done first. Then the CBI says they won’t start the project to delete the zeros because every time they did in the past, the US Treasury then backs out of it promises to move ahead with the reinstatement. As you know BOTH of these events must move ahead at about the same time and be closely coordinated. If not there could be massive inflation.
So, THINK, THINK and THINK some more. What is going on here?
Is the US government intentionally trying to sabotage Iraq’s economy by creating massive inflation in Iraq and thus destroying its economy?
Is the US intentionally trying to hold back Iraq and then making it look like another crisis just happened. Opps they will say later -what a shame ISIS returned or there is a global drop in oil prices opps! There excuse why the RV couldn’t happen. Then we wait and wait again…. ☹
You see what the USA is doing is doing is unethical as they are taking away unprecedented opportunistic times for Iraq to finally reinstate the dinar and move ahead. We are in that window now.
They delay and delay until the opportunity passes by. Then we sit and wonder what just happened. We are later shocked to find yet another crisis hit Iraq. Go figure as we see the same methods used in the US, UK, Canada and Australia now. How much longer are they going to get away with these games? How much longer can they keep the real global reset and transfer of wealth from taking place? We are at one of these critical times.
This is why we must buckle down and PRAY. PRAY. PRAY and PRAY people. God must intervene is you want to see this RV.
Don’t believe me yet?
I quote from one of today’s articles – “The American ruler of Iraq, Paul Bremer, turned Iraq into a rentier, consumerist and weak country with no production, no industry, no agriculture, in order to continue following America.” And then also “The United States of America besieges the Iraqi economy and makes it surrounded by it and prevents its launch towards the major investment countries.” Do you see it yet?
So, now let’s take look at all these fake claims of an RV happening any day/ every day by all these idiot gurus who don’t even have half a brain. People like TNT Tony Renfrow and RayRen site (and others) are obviously some of the sites working with the US government to silence us millions of investors by placating us to think this RV and Reinstatement will actually happen with FAKE news. As the years have rolled I would say they did a pretty good job at it too. I did not say they are on the government payroll, did I? So don’t put words in my mouth. They are working for them without even knowing it since they are so dumb and stupid. They are being played, like kids in the playground waiting for the recess bell to ring.
Oh..does it surprise you that there is FAKE news even when it comes to this investment and Iraq? Gee Whiz…Go figure! ☹
Having said all this let me also say that being that the news from Iraq since January 2023 has been so very good and they do seem to be moving ahead on the right course with the currency reform process. It is now in warp speed but now I believe the brakes were put on it. Why? I have to STOP and ask some important questions as to why they will not move ahead to the next step even though the CBI twice told me to expect to see the rate in the USA.
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So, what will happen when they do pass the Oil and Gas law?
Is this just another tail we are to chase like the many tails these intel idiots chased until its done and then nothing happens again. Get ready as TNT and other idiots will chase it. It coming…
First, they chased the idea that the government must be formed and so they chased this tail and held on to this target for a year. Then nothing happened. They expected the RV then. Oh….this was NEVER the plan. The plan was to begin the restructuring the currency auctions not to RV but to start a serious setup of events leading to the RV. So how could these idiot gurus get it all so wrong?
I will tell you because they are over speculative and relay of false hope and not reality and FACTS. Yes, they are not factual.
Ok, so then after chasing the elections the next tail to chase was the budget. Oh…they told their listener that once the budget was passed the RV would happen. The budget did finally pass and still no RV. They told you the RV rate was in the new budget and again it was not, as I told you it will NEVER be…..I TOLD YOU SO again! 😊
So then all of a sudden, the president must sign the budget to get the RV and then we would see the RV. The president signed it and still no RV. Gee Whiz I wonder why! Then, the new tail to chase was the Gazette. It must be in the Gazette, they told their listeners over and over again…. But here we are weeks after the Gazette published the budget and still no RV.
Finally, I have to say…Oh wait just a second…. STOP, STOP, STOP all this bullshit. Where is the common sense? Where are the FACTS to back up all these claims. Do you even know what the hell you are talking about? Let’s stop all this nonsense and guessing.
So, over these same months (almost a year) I presented the FACTS to you and explained as clear as I could what was really going on. No Hype, No Rumors, No Opinions,,,, just the FACTS. You do want the FACTS? You do want to really know just what is going on don’t you? Do you want me to lie to you too just so you “feel good”.
I know this was a very long RV Status today but you do want the TRUTH?
So the RV or Reinstatement has NOT occurred I can assure you with 1000% certainty. We still wait. Will the passing of the Oil and Gas law make any difference. To me it should since I also know it is a constitutional requirement and I was told a decade ago there will be no Reinstatement unless the Iraqi constitution is fully implemented and this law is such a critical law, as we witness in todays news.
What really bothers me about this situation with the Oil and Gas law is that almost all of these idiot intel gurus, especially TNT Tony and Bruce told everyone this law was “all done”. Really? Apparently, it was not. But my point now is this – did they have any evidence or facts to prove their claim? You should think that when they brag about being on their investment conference calls for so long that they would know things as simple as this.
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Question: Hi MG,
I have a friend that lives in Oklahoma and I asked him what he knew about the ‘oil credits’ since he deals allot in oil contracts. He knew about them but said it is considered VERY unpatriotic in some circles, if you purchase them. What are your thoughts regarding his comments? And, are we able to purchase these credits before the RV? Thank you in advance for your time and consideration.
Answer Mnt Goat:
Unpatriotic if we purchase oil credits? What? Oh boy I got to straighten you out.
You have to ask me this? Really? You can’t think for yourself? I spent time in Oklahoma while stationed in the military and so I know all about these “red neck” cowboys. I’ll tell you what – if you saw a penny on the ground would you pick it up? What about a nickel? What about a $50 bill? What if someone offered you a $28,500,000.00 for just under $1,000? Would you be so stupid as to turn it down?
Many people in the past I approached in buying the dinar looked the other way and simply refused to buy it even though I know they have plenty of funds to do so. In my inquiry as to why they feel this way they told me it was “taking advantage of a war torn country”. Oh…but the TRUTH is if it was not for us investors in the purchase of billions and billions of IQD 3 zero notes, Iraq probably would not be where they are today. Basically, we investors saved their ass. Note also the US Treasury via the US Customs could have cut off all imports of the IQD if they felt it was a crime or detriment to the Iraqi economy or war mongering. Us investors are NOT making money off the war. Instead, we simply invested in a country in their time of need. Get it?
So, you see you can lead some people to water but you can’t make them drink it. Enough said. Yes, I am very surprised to even hear such a question.
The second part of the question about buying the credits prior to the RV is just a very ridiculous question and I was going to ignore it even. But what the hell here goes:
In fact, it is so ridiculous I wonder if you even know the reason why we, as dinar investors, even participate in this contract with China. Do you even know how the credits will work? Read my lips – You have to exchange your dinar. You cannot just buy credits for yourself. Get it? We are not purchasing oil credits. We are exchanging our dinar and getting paid the rate we will get on the contract for the dinar. It is the US Treasury who will take these dinars and use them to pay for barrels of oil later. It is kind of like a hedge fund for the China in buying oil at a guaranteed reduced rate over a period of many decades (via oil credits).
Ours dinars will be destroyed once collected from us and credits instead input in a system that will track the credits for the government of China. This was an agreement made a long time ago with China. Remember China did not want to participate in the gulf wars with Iraq. In fact if you just exchange at the market rate the same applies but the oil credits go to the US not China. It is all about oil credits. Of course, they need our support since they need our dinars to do it. Get it?
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