STATUS OF THE RV. PART. 3 BY MNT GOAT, 13 MARCH

 STATUS OF THE RV. PART. 3

What I am trying to tell you again is that they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being. The currency resetting has to take place as some point. This news in this article is just yet another example of the problems facing Iraq.. Problems that they will NEVEER solve until they stop treating their economy like it is still under Chapter VII sanctions.

Are they finally breaking the parallel market?

We have also witnessed this and there is a significant decline the black-market pricing of the dinar. In other words it is getting closer and closer to the “official” CBI rate. But this news today is shocking news and we all certainly hope they do not decide to devalue the dinar, as they did in 2020.

What else is in the news….

There are a few articles about the gas and electricity imports from Tehran to Iraq. The US State Department announcing that it is reviewing all economic exemptions that provide Iran with any degree of support, in an escalatory step that could have broad repercussions, especially on Iraq, which relies heavily on gas and electricity imports from Tehran.

I will not list all the articles here on this subject and you can go are read them for yourself in the Articles Section of the Newsletter. Are they worth reading? I would pay attention to what they are telling us, but most of us should already be aware of this news as I have talked about it already. Iraq is trying now to negotiate gas from outside Iranian sources. They have also asked for U.S. help to finally complete the electricity grid, but remember this grid is to run off of almost exclusively natural gas LNG, something that they are working on to capture from their own Iraqi oil wells and use in their power plants. But this takes time to implement and pay for this project.

This gas is just being wasted today and blown off. This project cost money and would not be completed until 2028, three years from now. So, what do they do in the meantime? Maybe they can shorten this project with the U.S. help. Trump is good as solving problems and so let’s see what he comes up with for this one….lol..lol..lol..

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WALKINGSTICK: Trump has declared a mandate to Iraq - Stop using my dollar!! @DINARREVALUATION

 

PARLIAMENTARY OIL COMMITTEE REVEALS URGENT SOLUTIONS FOR IRANIAN GAS, 13 MARCH

PARLIAMENTARY OIL COMMITTEE REVEALS URGENT SOLUTIONS FOR IRANIAN GAS

The Parliamentary Oil and Gas Committee revealed, on Sunday, the Iraqi government’s intention to import Gulf gas instead of Iranian gas after the recent US sanctions, announcing a project that is being worked on at high speed in Basra, the far south of the country.

The spokesman for the committee, Ali Shaddad, said, “The problem with the Ministry of Electricity is that it has established stations in the Iraqi provinces that depend on gas only, while the stations in Basra are complex and operate on gas, crude oil, and black oil, and this is what contributed to the stability of the electrical system in the province.”

He explained that “the Prime Minister personally follows up on the completion of the gas pipeline project from the floating platform in Basra on a daily basis,” indicating that “the Ministry of Oil began working on it about thirty days ago and it will be completed at high speed within 120 days.”

He added that “the completion rate has exceeded 30% so far,” stressing that “the project will contribute to transporting Gulf gas in quantities of up to 200 cubic meters.”

(How much gas did Iraq say it needed to power its full grid? Didn’t they tell us? I quote from the article above- “Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts. This amount, at its maximum, does not meet the country’s electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock”

Since we know that 1 megawatt-hour would require about 198 cubic meters. So, you can see that the importing Gulf gas would not be nearly enough to power the entire country of Iraq.)

STATUS OF THE RV , PART. 2 BY MNT GOAT, 12 SEPT

 STATUS OF THE RV , PART. 2

I find it very difficult to see how grown-up adults could analyze the exact same article and come up with just the opposite information. Do any of these intel gurus out there really know what the hell they are talking about?

Again, this is why the Iraqi dinar needs to get off the sole de facto peg to the US dollar. Also get off the petro-dollar. They need to get off the Obama/Biden policy towards Iraq which is still a “sanctioned-like” driven foreign policy. As we all know Iraq has been out of Chapter VII sanctions since Dec 2022. I know I keep harping on these FACTS but it is important to see and understand just what is really happening in Iraq and what has to change.

They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil. Why these swings in the dinar rate? These swings are cause by two things:

1.Because Iraq is still forced to sell oil in US dollars only;

2.The Iraqi dinar is still solely pegged to the US dollar.

They do not and should not have to build up the economy first with non-oil revenues to combat this peg and reliance on the dollar, as this is what they are doing now. I tell you the value of the Iraqi dinar is already there and its there in the mere fact that they have large quantities of oil reserves, can bring it to market along with the other products. They have willing and able customers. It may not mean $70 a barrel, but even at for instance, $35 a barrel along with the gold stockpiles and the monetary CBI reserves, the assets can the dinar rate far greater than 1/6 of a penny for a dinar. Hey, I thought they were now moving to “asset” based currency values? So where is this effort when it comer to the Iraq?

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HENING: Trump ...may issue 'unusual' sanctions on Iraq, but in 'doses similar to chemotherapy! #iqd

 

WASHINGTON REVIEWS ALL ECONOMIC EXEMPTIONS FOR IRAN… AND IRAQ IS AT THE HEART OF THE CRISIS., 12 MARCH

WASHINGTON REVIEWS ALL ECONOMIC EXEMPTIONS FOR IRAN… AND IRAQ IS AT THE HEART OF THE CRISIS.

The US State Department announced that it is reviewing all economic exemptions that provide Iran with any degree of support, in an escalatory step that could have broad repercussions, especially on Iraq, which relies heavily on gas and electricity imports from Tehran.

State Department spokeswoman Tammy Bruce confirmed that Washington is urging Iraq to speed up its move away from Iranian energy sources. This statement reflects increasing pressure on Baghdad, which finds itself facing a dual challenge of meeting its electricity needs amid a stifling energy crisis, while at the same time avoiding any economic and political repercussions from adhering to US sanctions.

Baghdad between the hammer and the anvil

Iraq relies on Iranian gas to power the power plants that feed most of its provinces, with Baghdad importing about 40% of its energy needs from Tehran. Despite its attempts to diversify its sources, local gas investment projects are still lagging, leaving Iraq in a vulnerable position in the face of any tightening of US sanctions.

The Iraqi government, which previously received periodic waivers from Washington to import energy from Iran, may now face tighter restrictions. If those waivers are removed, it could exacerbate the electricity crisis, especially as summer approaches, when consumption rates rise and power outages are frequent.

Economic and political repercussions

The repercussions of the US decision are not limited to the energy file only, but extend to the Iraqi economy more broadly. Iraq pays part of its Iranian gas dues in Iraqi dinars through frozen bank accounts, which means that any suspension of exemptions could disrupt this mechanism and impose new financial challenges on Baghdad.

Politically, this American pressure puts the Iraqi government before a difficult test, as it must reconcile its strategic relationship with Washington and its economic partnership with Tehran. With tensions rising in the region, any new American move could affect the fragile balance in the Iraqi scene.

STATUS OF THE RV , PART. 1 BY MNT GOAT, 12 SEPT

STATUS OF THE RV

In opening my commentary today on the status of the RV, I want to say that this “Latest Mnt Goat Newsletter” BLOG is my information. There is no other site including YouTube or others that represent me. 

I do not post any of my information on any other site. Don’t be fooled! Let’s stick to the FACTS. Rumors are Mnt Goat said the RV occurred. I did not say this, just so you know. 

Many take my information and use it for their own monetary gain. They take it out of context and twist the facts to suit their own warped, fake reality. Since they have not done any research as they are either not mentally capable or are just too lazy. Instead they only speculate at best what is happening in Iraq. I don’t want to get caught up in their FAKE news or lies.

 So, be careful of whom you listen to. My blog is open to all to view. There is no LOGON Accounts or standard subscription fees. I post all the article here for everyone to freely read for yourself. There is no backroom “special” place for the juicier articles with a special fee. I want to leave it that way, if possible.

☹ I have to come on today to first clarify yet another intel guru idiocy. This one is about what was said by them about an article titled “ECONOMIST: LOWER OIL PRICES MAY PUSH IRAQ TO REDUCE EXCHANGE RATE AND CUT EXPENSES”. So, let's dive into this article and get the FACTS straight. First, lets see what the article says and I quote from it – 

 “Economic expert Nabil Al Marsomi warned today, Monday, that the continued decline in oil prices will put the Iraqi government before difficult choices, including those that may include reducing the exchange rate to confront financial challenges.”

So, by reducing the exchange rate Iraq means to devalue the currency much like it did in 202. Do you remember this measure back then? Do you understand why they took this measure back then? I will assume you do understand since I talked about this and explained it many times already. So, this article to does not mean a revaluation.

Again, they do not mean taking 1310 and making the rate, for instance 1200, which would be a literal reduction and a revaluation. They do not mean a literal reduction instead they mean a reduction in the value of the dinar, meaning it would take more dollars to buy a dinar and thus the dinar would be worth less in Iraq than it is today, so the rate would probably go up something for instance like 1400 not the other way.

Think, Think and Think! Gosh…. God gave you a brain. Stop listening to these idiot intel gurus. Why else would Iraq tell us it would be a “difficult decision”, yet another reason to believe it would be a devaluation. Get it? If it was a revaluation, it would not be difficult, it would be easy. The difficulty comes in a devaluation.

Another sign that it would be a devaluation is the statement given in the second paragraph and I quote – “the government may be forced to take austerity measures that include reducing public expenditures and increasing non-oil revenues,” noting that “the oil market is currently suffering from significant weakness”.

 Remember that still 90% of the revenues come from the petro-dollar and the dinar is still pegged solely to the U.S. dollar. So, if oil prices decline, as they are telling us in this article that they are, then the dinar would decline, thus the rate would drop (or the numbers would rise, meaning it takes more dinars to make one dollar.)

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