Thursday, February 1, 2024
Coffee with MarkZ. 02/01/2024
"Q & A: GET READY AND BE READY" BY MNT GOAT, 1 FEB
Q & A
Question from carolyncoffen:
Hi Mnt Goat,
Thank you for all your hard and dedicated work in keeping us informed about the dinar. Do you have any idea about what we will be looking at in fees/spreads when we go to the bank to exchange? And is it negotiable? Same question regarding taxes, so many so called gurus over the years have said you won’t have to pay any income tax on what you exchange, I personally find that astonishing anyone would think the ‘IRS’ wouldn’t be right there with their hand out when we finally exchange. Please let us know your thoughts and/or concerns in regards to these few questions. And again, thank you for all that you do for each and everyone if us.
Mnt Goat answer:
First of all, the IRS will not be at the bank during your exchange. The banks will not be taking out any taxes on exchanges. They never do for hard currency. It will be up to you to file afterwards maybe quarterly if your proceeds are high enough. Consult with a professional to find out this limit otherwise you will file annually as normal. Unless the IRS officially makes a separate ruling on these currency exchanges, they do not fall under the category of minor exchanges up to $250, anything over this is taxable and not exempt. This will most likely be considered a capital gain and subjected to its rules. I am not a tax advisor or financial planner and so when the time comes, please consult a professional. If the situation changes from the current IRS code, the IRS will have to issue something is writing for us.
WARNING * WARNING *WARNING
I want to WARN everyone now. Regardless of what you think about these intel gurus, YouTube intel sites and other idiots then have done more harm than good to the community of investors in these currencies, especially in the Iraqi dinar. People get desperate for information and so they believe almost anything no matter how preposterous and fake it is. Just google “Iraqi Dinar revalue” as see the mountains of crap that comes up.
Again I ask everyone to stay firm and don’t sell you dinar. This is going to happen. We must continue to pray and pray hard. The world, not just your country, is at war. It is a new kind of war. It is a war of propaganda and spirituality. The satanic entities are running ramped. Like Joe Biden says in his campaign trail, he is battling for your souls, “The Soul of the Nation”. They almost have complete control over you now as it’s down now in 2024 to the final battles in this war.
I encourage everyone to listen to Julie Green’s and Kim Clement’s prophetic words this week. God is going to suddenly turn this around and the Iraqi dinar revaluation is part of the turnaround too. The prophets tell us this summer is NOT going to be the usual lazy, hazy days of laying back and enjoying the summertime. It is going to be filled with turmoil, earth changes (volcanoes, earthquakes, tornadoes, etc) and chaos. It is not going to be pretty! Get ready and be ready!
"STATUS OF THE RV" BY MNT GOAT, 1 FEB
STATUS OF THE RV
This was another hard Newsletter to write because I wanted to bring some very good news and could not. Yes, the currency reform process is in motion as the CBI is still attempting to manage the parallel rate of the black market. This inability still has lots to do with Iran as Iran is still stealing millions each week from Iraq through the banks. I even went so far as to hold off on publishing the Newsletter yesterday in the hope that I would have some very good news for you after my weekly call today, Wednesday to my CBI contact in Iraq. So, what I was told is still the same old, same old. The project to delete the zeros is still on hold. The education articles and news media reports have also been put on hold for now. The issues with the Iranian bombings in Iraq and Syria of US bases is not helping the situation either. Of course the Iranian backed politicians are pushing for the removal of US troops from Iraq. They would luv to fill the gap and occupy Iraq as a puppet country of Iran. But there are still enough true Iraqi patriotic politicians involved who like to see Iraq return to a TRUE sovereign country once again. And so, like in the US with the threat of the globalist ideology, the Iraqis also face this threat of an Iranian takeover of their country. Based on this I was told there is no way the US is going to signoff and allow a reinstatement of the dinar.
Remember we need security and stability in Iraq first and foremost to getting the dinar reinstatement. We have been told this over and over again in the past by both the CBI and the GOI. So, what will (has) contributed to destabilizing the security and stability of Iraq and the region?
Many of my blog readers ask me if the American forces will withdrawal from Iraq. I have to tell you it will NOT happen any day soon. Having said that let’s look deeper into this subject matter since this is a key event that could greatly impact our investment.
As investors in Iraq this would of course be disastrous for us, not saying what would happen to the Iraqi people and their suffering once again under an Iranian rule. The stability and security of Iraq would be greatly affected. It boggles my mind to see that Iraq has not yet made the effort it needed to provide the necessary security for its own country. But look at what President Biden is doing with the open borders in the US and so go figure. But remember Iraq is under certain restrictions too that prohibit them from a buildup of the forces needed to combat these kinds of threats. There are also Iraqi /Iranian sympathizers that still think Iran is on their side. It is a delicate situation in Iraq with the occupying Iranian militia leftover from 2014 ISIS invasion. I always said since 2014 that this would come to haunt Iraq and so it has.
Advisor to the Iraqi Prime Minister for Security Affairs, Khaled Al-Yaqoubi, confirmed today, Sunday (January 28, 2024), that Baghdad is trying to reach a formula with the American side to confront the threats, in reference to the recent attacks that targeted American bases. He explained, and I quote from the article – “Baghdad agrees with the Americans that the lesson of 2014 should not be repeated, in reference to the attacks launched by ISIS in Iraq,” stressing that “the lessons of the past are present to the Iraqis and Americans.”
If an American withdrawal would be disastrous since it has been leading the international coalition in Iraq since 2014, analysts find that and I quote – the “possible withdrawal” may leave the country under a security risk, and that it is not yet ready to deal with the deep challenges, starting with from the “strong” factions supported by Iran, to the ISIS terrorist cells that are still present, all the way to the factions’ control over Iraq’s money and capabilities.”
An American withdrawal similar to the 2011 by president Obama could jeopardize Baghdad’s ability to confront ISIS, or Popular Mobilization Forces groups such as: Kata’ib Hezbollah and Harakat al-Nujaba, which warned It may overthrow the Iraqi government if Iran requests it.
Hang on there is also some good news….
The Central Bank of Iraq decided just recently to restore the mechanism for financing Iraq’s foreign trade, starting next March. This is all part of slowly phasing out the electronic platform as they said they would do as 2024 rolls on. The Central Bank said in a letter addressed to the banks, which Al-Iqtisad News reviewed, that for the purpose of organizing financing operations for requests to enhance external balances, it was decided to implement the new requirements and mechanisms starting from March 1, 2024.
He added that banks wishing to enhance their balance with correspondent banks in all currencies should appoint an external auditor for the purposes of reviewing transfers in advance of the process of sending transfers. Banks wishing to enhance the balance must provide us with information about the names of the companies they wish to contract with within a maximum period of February 29, 2024. So, basically what the CBI wants is to know where the money is going and for the banks to certify it, by auditing.
Central Bank Governor: We prevented banks and companies from obtaining the dollar... and work on the electronic platform will end during the current year, 1 FEB
Central Bank Governor: We prevented banks and companies from obtaining the dollar... and work on the electronic platform will end during the current year
1/31/2024
The Governor of the Central Bank, Ali Al-Alaq, confirmed: “The bank prevented a number of banks and companies from obtaining the dollar for not adhering to the requirements,” indicating: “The electronic platform will end its operation during the current year.”
Al-Alaq said in an interview with the official agency: “The banks against which decisions are issued are only prevented from obtaining the dollar and can carry out their normal activities,” noting that: “Banks can correct their conditions and obligations required to enter into their foreign transactions.”
He added: "The Central Bank has reached the final stages of regulating external transfers to banks, and the bank has continuous reviews, and banks that apply the standards are allowed to obtain the dollar."
Al-Alaq continued: “The US Treasury praised the Central Bank’s provisions for banks, which included conditions and standards for external transfers and the opening of accounts with internationally accredited foreign banks,” denying the issuance of decisions by the US Treasury to punish a number of Iraqi banks with the exception of Al-Huda Bank and the Chairman of its Board of Directors. LINK
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