"Q & A" BY MNT GOAT, 7 FEB

Q & A

Question from carolyncoffen:

Good morning, Mtn Goat,
I read an article earlier coming out of Iraq, stating the best way to protect your future wealth after the RV was to purchase ‘Government Bonds.’ Are we able to purchase those bonds? Thank you for your time and consideration. Have an awesome weekend.

Answer Mnt Goat:

Guten Tag Carolyn again. Seems you are victim of rumors off the internet. Don’t believe everything you hear. They are using all kinds of propaganda to push consumers in different directions, the direction they want. I am not sure what you mean by asking will you be able to purchase the government bonds. Do you mean from the bank when you exchange or meet with a wealth manager? Any way government bonds are available right now to purchase, if you desire. So, your questions is weird. But I can address other more secure ways to protect your money, if this is really what you are researching.

My personal opinion and options are if you a very large amount of money like $10 million + go see a trust attorney and first have a trust set up. Then pay off all your debt, then move the remainder to the trust. Get the money out of an ordinary savings account. The money will still be in the bank but under a different entity not subjected to certain government regulations. The money entirely changes its “ability” under a trust, for lack of better terms.

I like “simple” trusts. I also recommend a trust in perpetuity which means it can not be dissolved or penetrated if you are sued. The trust will live on even after you are gone. Of course, the trust will not be under your name anyhow. You will be the “grantor” only. Attorneys will have a difficult time finding these trusts.

You will have to hire someone or use a family member to be the “trustee”. A grantor can not be the trustee. You will own nothing but still have everything. Inside the trust you can purchase, what I like, is fixed annuities. Some call these “trust funds” and they can vary in investment options. And be a mixed bag of investments geared towards trusts. Yes, you can also have the trust buy some government bonds to mix it up and diversify. I also like precious metals, gold and silver. These are secured and very safe.

Remember the trust is purchasing these investments not you.

Let the Trust Fund pay the trust a fixed monthly payout. Then have a payout scheduled for you and or family members. This will go into your checking or  saving account to which you will use to pay your bills and live.

There are also hybrid annuities where the rates are part fixed and part variable to market fluctuations. Depends on how much risk you are willing to take. There are also some mutual funds that do very well. You can add on, for a fee, all kinds of riders to the annuities too which will benefit the benefactors (you) of the trust. I hope this was helpful to you and anyone else reading this.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

iraqi dinar💥Iraqi Dinar New RV Update Today 2024 / Iraqi Dinar Exchange ...

Biden dismisses the American ambassador to Baghdad and appoints another to replace her, and a source reveals the reasons for that., 7 FEB

 Biden dismisses the American ambassador to Baghdad and appoints another to replace her, and a source reveals the reasons for that.

A press source reported that US President Biden dismissed the US ambassador to Baghdad, Elena Romanowski, and appointed another in her place.

The source explained that Biden has nominated Recy Ann Jacobson; For the position of Ambassador Extraordinary and Plenipotentiary of the United States to Iraq, replacing Elena Romanowski.

The source indicated, “The American administration worked to change the American ambassador to Baghdad, Elena Romanowski, and at this particular time, due to a number of reasons, especially since the replacement was appointed (extraordinarily).”

He added, “One of the main reasons for changing the US ambassador to Baghdad is due to transferring Iraq’s security and political file to the CIA and the Pentagon.”

The source explained that “taking this step is not in vain, but rather to achieve goals, most notably the demonization of the Popular Mobilization Forces, and the attempt to cast doubt on it on the security front,” noting that “the other goal is the most dangerous, as it represents the activation of ISIS sleeper cells in Iraq.”

He stated, “The Pentagon will also work to create electronic armies and try to put pressure around the Iraqi negotiator, in order to stay as long as possible in the country,” pointing out that “the other thing that Washington is working on is complete control over the Iraqi oil file, and monitoring Iraq’s money.”

The Iraqi government had previously announced the start of bilateral discussions with the American side to try to schedule the removal of foreign forces from the country, especially after the repeated attacks on the security forces and the Popular Mobilization Forces.

burathanews.com

"RV UPDATE" BY PIMPY, 7 FEB

 Pimpy 

   Is it possible the exchange rate of the Iraqi dinar increases and for whatever reason we can't benefit from it over here in the west? 

 ...I want to make money off the Iraqi dinar but not at the expense of the Iraqi people.  The thing that's most important is that the people in Iraq prosper from this, they've been suffering a long time... As far as the people in the west not getting a taste of this wealth, the only thing I can think of is the exchange rate changing and for whatever reason Iraq is still on sanctions so we have a hard time finding a place to exchange our Iraqi dinar because a lot of people aren't going to have the money to go fly elsewhere to exchange...That would be a scenario I think that could play out... 

Iraqi Dinar🔥BIG Insight On Iraq RV Release Today 🔥iraqi dinar rate upda...

Economist: Discordant voices benefited from the attack on private banks through the media

  Economist: Discordant voices benefited from the attack on private banks through the media

tack on private banks through the media

2/6/2024   Baghdad

The economic expert, Alaa Al-Fahd, on Tuesday accused those with discordant votes of inciting the street and the media against private banks to harm the national economy.

Al-Fahd said in a televised interview followed by Mawazine News, “These parties spread rumors that there are banking problems in the private sector in Iraq and that there is chaos and fraud,” pointing out that on “the ground there is nothing tangible from these rumours.”

He added, "Private banks began working since 2023 in financial development and transformation within a transitional phase from paper to electronic phase."

 Al-Fahd continued, “These parties, whether local or regional, are working to inflame the situation or spread false news to frustrate the resolve within banking institutions.” LINK

"RV UPDATE" BY GOLDILOCKS, 7 FEB

 Goldilocks and Seeds of Wisdom

BAGHDAD, Feb 4 (Reuters) – “Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.”

The Iraqi Banks have been banned from accessing the Iraqi Central Bank’s daily dollar auction.

The daily dollar auction has become a way of smuggling dollars for Iran, and this is expected to restrain much of those activities.

This is part of the economic and financial reforms Iraq is going through to meet International Banking Standards and achieve International connectivity.

As you can see, Iraq has begun implementing some of their economic reforms as promised.

Reuters

© Goldilocks

~~~~~~~~~~

“A casual search through digests and the reading of case head- notes may leave the searcher with the vague impression that the outbreak of war has some peculiar effect upon contracts, not to be  accounted for by any of the well established principles of contract law.

Thus, it is frequently said that war suspends contracts and that the cessation of war revives the same.

On the other hand, it is stated elsewhere in no less positive terms that war dissolves and abrogates all contracts between subjects of belligerent nations.

An attempt will here be made to show that cases arising upon contracts affected by war may in fact be classified by an application of the broad principles of the common law relating to contracts.”

We have said in this room a few times before that history has shown us that exchange rates change during wartime or soon after.

Price distortions create contract breaches between nations and even the people within the banking system. These distortions make it difficult for obligations to be met between all parties.

As we continue to involve ourselves in wars, the likelihood of more distortions will create a need to revalue assets and their real values when this is done.

This is a day by day situation, and changes can come at a moment’s notice. It is important that we stay alert going forward for these changes.

https://www.jstor.org/stable/1111481

© Goldilocks