June 4, 2024 Edition Latest Mnt Goat Newsletter (2024)

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ABOUT THE NEWSLETTER:

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June 4, 2024 Mnt Goat News Brief

Hi Everyone,

Again, there is not much new news, but it is exciting news.

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire but only if you so desire and can afford it. Please don’t leave it up to someone else to help, you too can help. Here is the link below:

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Going on over 10 years now, I have taken my own time to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to be doing this. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life too. I am no different, yet I take the time out each day to complete the task of research and composing my newsletter for you. This Newsletter will not survive without your ongoing support. There are more than 20,000 followers and readers on my blog. Why do the same handful only help out? Do the rest not want or care about the news I bring?

I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period.  Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.

If you have gifted already, as I can see many have recently…. a heart-felt Thank YOU! 

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Did you happen miss the last couple Newsletters? Click here to go to Mnt Goat Archives.

Proverbs 18:16

A gift opens the way and ushers the giver into the presence of the great.
ECONOMIC CLARIFICATION: THE GOVERNMENT IS LYING ABOUT REPAYING THE IMF DEBT

Economic expert Nabil Al-Marsoumi explained today, Friday, that Iraq has not paid its debts to the International Monetary Fund, contrary to what official sources previously announced, that Iraq has paid all its debts to the Fund, while calling for an audit of the budget.

Al-Marsoumi said in a post on the “Facebook” platform, followed by “Eqtisad News”, that “some of what must be published from the 2024 budget is debt service installments, which equal 16.724 trillion dinars, of which 2.906 trillion dinars are interest on foreign loans, and 5.831 trillion dinars are debt installments.” External Affairs, as well as 3.065 trillion dinars in interest on internal loans.”

He added, “There are observations on the above, as the external debt service installments (installment + interest) amounted to 8.737 trillion dinars, or 6.720 billion dollars, while the officially announced size of the external debt is 8.9 billion dollars, which must be scrutinized because it is illogical.”

He stated, “International Monetary Fund loan installments amounted to 350 billion dinars, plus 100 billion dinars in interest, so the total becomes 450 billion dinars, which is what Iraq must pay to the Fund in 2024, while official sources say that Iraq has paid all of its debts to the Fund.”

He concluded by saying, “Check the budget or reconsider your statements (mercy for your parents).”

(The TRUTH always eventually comes out! )

More news….

A PARLIAMENTARY COMMITTEE DETERMINES THE MAIN REASON FOR NOT APPROVING THE OIL AND GAS LAW.. WHAT IS KURDISTAN’S RELATIONSHIP?

(Very interesting to finally get to the bottom of the TRUTH of this issue. Yes, the truth always eventually surfaces. Now we know. Please, please mr/mrs intel guru – don’t tell me again the oil and gas law (HCL) is all done. You are lying to your listeners.)

The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.

Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”

He added, “The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law.”

He stated that “the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil.”

More news….

THE CENTRAL BANK OF IRAQ STOPS 200 COMPANIES FROM DEALING IN DOLLARS

Documents issued by the Central Bank of Iraq, obtained by “Baghdad Today”, today, Monday (June 3, 2024), showed a decision to stop 200 exchange and general trading companies from entering the currency auction without explaining the reasons.

STATUS OF THE RV

Welcome to June. We have waited for this month for a long time to come. This month I believe is going to be a critical month for us investors. Why do I say this? Remember I am only telling you what I read in articles and what my CBI contact relays to me. I am not a financial planner or banker. I cannot give you any investment advice.

Oh… let me guess the RV did not happen as TNT Tony idiot told you it had to happen by the end of May. Oh …. Wasn’t it also by the end of April, but before that it was March then February, bla, bla, bla. Just a bunch of lies predicated on nothing truthful, honest or with any hard evidence to back up what they say to you.

I want to start my news today by explaining a very interesting article titled “CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE”. You can find the entire article in the Articles Section of today’s Newsletter.

I would consider this “WOW!” news. We must ask ourselves why now this article. So, on Monday a member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed to us and I quote from the article –“ that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.These are nice words but what do they mean?

He then goes on to say – “The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations.” And then “If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar.”

So, what does this all mean? What is being said here. Let me explain this article to you.

This article only reinforces once again what I have been saying all along. Another one of those “I Told You So” moments. If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq. It only changes when the reinstatement back to FOREX occurs and you take the dinar and trade it thus exchanging dollars to buy dinar or visa versa. This is why I have been saying all along that the value is already in the dinar only the rate, right now, does not reflect the true rate. Please go the page on my blog showing you how this works with an example. This is the LINK. This is why I posted this additional page on my blog. I encourage everyone to please go read it carefully.

Next let me point out something else. Why now on May 27th did the CBI make this announcement about the issuance of newer lower denominations? Could they be heading into June for the redenomination of the three zero notes? What do you think?

Last week the decision was made by the UN to end UNAMI’s mission in Iraq and this is a big step. Oh.. I really mean a HUGE step towards full sovereignty. The United Nations is looking through another eye at Iraq now and is following up on all political, security, social and economic activities. The government of Iraq has a major role in this transition, and it is a major step to prove that Iraq has a different title and status and the need for complete sovereignty and dealing with the country on the basis of this entitlement. Yes, Iraq has announced the phase 2 initiative. Phase 1 set the foundation for what is about to happen in the banking and investment sectors.

What else is in the news?

I want to clarify some news floating around dinar-land about this budget issue. Appears that the parliament voted on the budget tables on Monday.

So the cabinet (finance committee) forwarded this year’s budget tables for the allocations to the districts to parliament for a vote. It passed. There is a huge deficit in this budget. Many of these idiot intel gurus are telling you lies by using this deficit as their excuse to make, once again, a mountain of intel out of a bit of news. They tell their listeners that once the budget is passed in parliament it will trigger the RV and the RV will reduce the deficit because the dinar will be worth more. Really? I have a bridge for sale in NYC too if you are interested? LOL.. LOL..

Trust me when I say this in that any RV is not going to happen to shrink the deficit. How silly and stupid thinking is this. Oh… but of course these intel gurus will tell you anything to get your attention. RV, RV, RV everything is about the RV.

Yes, the deficit is NOT going to trigger the RV or the project to delete the zeros. Get it? Do we all have to get on the roller coaster ride again, only to enjoy the ride but to be disappointed once again when its over? To shrink the deficit parliament can do one of many things:

1. Change the allocation schedule and allow more revenues to come it to pay for the projects not yet funded thus delay the project or

2. Simply amend the budget to shrink it or

3. Ask for a loan from the IMF to pay for it. More than likely they will choose #1 and/or #2 as they already told us they do not want to borrow again from the IMF.

4.Change the rate of the dinar greater than the dollar thus it will purchase more, thus reduce the deficit.

I will also add that these intel gurus out there do not have proof of what they say and it is all just speculation and once again is more guessing. For them its just a guessing game, get it? Especially, this cigar smoking, half brained idiot from TNT. For all you TNT puppeteers did you listen to the TNT call from your slave master on Friday May 31st ? Today is Monday and so where is the RV? The vote is taken already. This is just more bullsh*t, yet another event to watch that amounted to, once again, absolutely nothing…

I have told everyone over and over again the real issues to watch are the banking reforms and what the CBI and Finance Committee are doing in this respect. Please go review again the steps in the DR Shabibi plan that will get to the reinstatement. To date it appears they may have finally found a way to control the parallel market rate but I was told by my CBI contact that they still need more time to watch it before they claim any real stability. I can see that issuing the dollars to these 24,000 pilgrims could have a substantial impact as they released more dollars but did it hopefully in a safe way that can’t be stolen and abused. I am still not sure how all this is working and don’t want to speculate. Just give it time and we will eventually see why the CBI decided to do this the way they did.

Q & A

Comment by Moosulkwanbyken: so we see today written that the parallel rate is within 10,000 dinar of the official rate of 132000 IQD per $100 per meaning the parallel rate is about 142000 IQD per $100. Am i correct in this determination? Still a bit to go to be within 2%. By my calculations we need 135000 IQD Parallel rate for a bit before stability can be declared? Please correct me if I’ll off on this evaluation of the situation.

Reply by Mnt Goat: Yes, I believe your math is correct 142000 per $100. The CBI has told us many times that they are not aiming to match exactly the parallel rate to the official CBI rate, although matching would be ideal. There is some tolerance. So, this gives us something to watch for. But remember the CBI is not talking about just for a couple days. They want the 142000 or less to be steady and stable. How long we don’t know and that is what we all want to know for obvious reasons. I asked my CBI contact and they told me there is no set timeframe even. It is just when ALL this indicators show that it is stable. I can imagine that inflation rate is also part of it. Thanks for your intelligent question. It shows you are on-the-ball and studying your investment wisely.

Question by kengresham: Hello MG and thank you! Can you send out that replay of Johnny Enlow and Steve Schultz talking about the dinar and the revaluation of the dinar? Do you know when this conversation took place?

Reply by Mnt Goat: Sorry I do not remember which episode it was on but it was just a short comment made by Johny Enlow. It was a personal comment not a prophetic word. Here it is for replay of his comments.

We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. Pray for the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country.

June 4, 2024 Edition Latest Mnt Goat Newsletter (7)
June 4, 2024 Edition Latest Mnt Goat Newsletter (8)

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BRACE YOURSELF FOR WHAT’S COMING IN 2024

June 4, 2024 Edition Latest Mnt Goat Newsletter (9)

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DR. NAOMI WOLF: THE TRUTH ABOUT LOCKDOWNS AND THE VAX

Since the CDC reported more deaths from the vaccine then from the pandemic (a FACT not conspiracy theory), then why have they not yet banned the vaccines?

The FDA has an acceptable threshold of 50,000 deaths before they shut down any drug or vaccine, so why is the Covid vaccine still being administered, never mind the booster shots? Some people were stupid enough even to take the vaccine and 2-3 boosters.

Even worst knowing the large number of associated deaths due to the vaccine, why are they still pushing for you to take the shot or the boosters?

Could Covid and its vaccines actually be a “depopulation” scheme by the elitist globalist?

What are the health hazards and risks of taking this Covid vaccine?

Do the hazards and risks out weight getting Covid?

You decide the answers to these questions for yourself because I am only the bearer of the TRUTH. I can only try to hammer the TRUTH into your thick skulls, but you must make the next move for yourself.

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TRUMP SLAMS NEW YORK COURTS GUILTY VERDICT

What the hell did you think he would do? What if the tide was turned and you were in his shoes? YouTube will probably take down the video soon. So go watch it now.

June 4, 2024 Edition Latest Mnt Goat Newsletter (10)

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WILL TRUMP WILL HAVE AN OPPORTUNITY TO REMEDY THIS?

June 4, 2024 Edition Latest Mnt Goat Newsletter (11)

Tulsi Gabbard Reacts To Donald Trump’s Verdict

June 4, 2024 Edition Latest Mnt Goat Newsletter (12)

How to pray the Rosaries

Please try to remember to pray each and every day. The rosaries for me is my way to pray and has had a significant impact on my life. It has meant many miracles for me and my family. It can for you too, and the Blessed Immaculate Mary asks that we pray “faithfully” each day. You can also pick your own personal prayers, as the rosary is just my choice and I just wanted to share it with you.

We all know something has gone terribly wrong with our nation. A supernatural battle is taking place to determine the fate of America. In justtwelve minutes a dayyou help bring forth a divine intervention to save our country using this book. With Lent beginning tomorrow on Ash Wednesday let us not forget to fast, meditate and pray for the salvation of America. There is an organization that is taking on this endeavor through helpful prayer guidance. This is what I plan to do. How about you?

June 4, 2024 Edition Latest Mnt Goat Newsletter (13)

Anyonecan join the hundreds of thousands already involved in this rapidly-growing prayer movement. It’s easy to get started:

Pray the Daily Prayers To Save Our Country

Order the official prayer book, read or listen online, or print them out. Just click on the prayer book below.

June 4, 2024 Edition Latest Mnt Goat Newsletter (14)
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A National Prayer Movement
for God’s Help

June 4, 2024 Edition Latest Mnt Goat Newsletter (16)

CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE

Information / Baghdad…Member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed today, Monday, that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.

Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”

He added, “The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations.”

He explained, “If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar.”

(So, what’s being said here. Let me explain this article to you. This article only reinforces once again what I have been saying all along. If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in Iraq. It only changes when the reinstatement back to FOREX occurs and you take the dinar and trade it thus exchanging dollars to buy dinar or visa versa. This is why I have been saying all along that the value is already in the dinar only the rate, right now, does not reflect the true rate. Please go the page on my blog showing you how this works with an example. This is the LINK.

This is why I posted this page on the blog. I am a bit tired already of explaining how this will work. Some just don’t seem to get it. Why? Because you are listening to all these other idiots out there who don’t know what the hell they are talking about. They want to pretend that we are all in this together just trying to figure out when the RV will happen. But I am here to tell you I am not in their gang of idiots. I am not worried when the RV will happen as I have complete confidence it will happen and happen sooner than later. What am here on my blog is to bring you the TRUTH and stop all these lies and nonsensical idiot talk about this investment. That’s why I am here doing this blog. Get it?

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RAFIDAIN BANK: GETTING DOLLARS AT THE OFFICIAL RATE. FOR PILGRIMS EXCLUSIVELY

Information / Baghdad
Al-Rafidain Bank confirmed that obtaining the dollar, at the official rate, is from its branches designated in Baghdad and the governorates exclusively for pilgrims.


He indicated in a statement received by “Al-Ma’louma” that the dollar continues to be sold through its branches at the official price of 1,320 dinars for every one dollar.

(This does not make any sense. Why not sell them dinars to raise the demand for the dinar, thus it can help raise it’s rate above the dollar? )

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IRAQ ANNOUNCES THE ARRIVAL OF APPROXIMATELY 24,400 PILGRIMS TO THE HOLY LAND SO FAR

Economy News – Baghdad

Today, Friday, the Supreme Commission for Hajj and Umrah counted Iraqi pilgrims traveling by land and air to the Holy Land, while confirming the existence of coordination with the Central Bank and banks to sell dollars to pilgrims at the official rate.

“The voyage process is continuing, whether by air through Baghdad, Najaf, Basra, Erbil, Sulaymaniyah and Kirkuk airports to Madinah airport – Prince Mohammed bin Abdulaziz airport, directly, as well as the voyage through the Arar border crossing, where pilgrims are escorted by security forces to the Arar border crossing,” said spokesman Hassan Fahd al-Kinani.

Al-Kinani added that “pilgrims pass through the city of pilgrims and Umrah performers, which was established in a record period not exceeding sixty days, and there are all the amenities that the pilgrim needs, and it contains restaurants, a bakery, a factory for the production of crystal ice, and a dream, where breakfast, lunch and dinner are served when the pilgrim stays there, and then at the Arar border crossing, where the procedures are easy and easy.”

“The number of pilgrims traveling by land and air to the Holy Land has reached about 24,400, half of whom are now in Medina and the other half have moved to Mecca after visiting the Holy Prophet (peace be upon him),” he said.

Regarding coordination with the Central Bank to obtain the dollar, Al-Kinani explained that “there is coordination with the Central Bank, Al-Rasheed and Rafidain Banks, and the Hermit Bank, which has been since the beginning of the regiment in the process of exchanging dollars to pilgrims, in addition to the Iraqi Trade Bank and exchange companies, all of which are on the official website of the Commission. Any pilgrim to the Holy Land can access the official website of the Commission through social networking sites or on the official website of the Commission in order to know where to sell dollars at the official rate for for pilgrims of Baghdad and the provinces.”

(Correct me if I am wrong, but I thought Iraq de-dollarized. So why are they exchanging foreign currency to dollars to the pilgrims in Iraq for use for their visit? Why not dinar? Does this seem weird to you? What is the CBI strategy behind this move?)

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AL-DARRAJI UNVEILS A GIANT INDUSTRIAL PROJECT IN PARTNERSHIP WITH FRANCE

Baghdad – Iraq Today:

Mohammed Sahib Al-Daraji, Technical Advisor to the Prime Minister, announced the signing of the minutes of a meeting of the agreement between the French Export Finance Corporation and the Iraqi Sovereign Guarantees Committee to start financing the construction of factories and irrigation tools in Iraq, with a ceiling of one billion euros within 3 years.

“At the headquarters of the Iraqi embassy in Paris, the minutes of a meeting of the agreement between the French Export Finance Corporation and the Iraqi Sovereign Guarantees Committee were signed to start financing the construction of factories and irrigation tools in Iraq with a ceiling of one billion euros within three years,” al-Daraji said in a post on the X platform.

“Another economic success added to the Iraqi government, the international community trusts Iraq,” he said.

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AFTER APPROVING THE BUDGET, AL-SUDANI CALLS ON PARLIAMENT TO MONITOR THE WORK OF THE GOVERNMENT: NO COURTESY AT THE EXPENSE OF THE PEOPLE

On Monday, Prime Minister Muhammad Shiaa Al-Sudani called on the Iraqi Parliament to strengthen the government’s work by following up on the legislative and oversight efforts, following the vote on the 2024 budget, stressing that there is no courtesy at the expense of the people.

Al-Sudani said, in a statement received by Shafaq News Agency, “With greater appreciation and pride, we congratulate the responsible step of the esteemed House of Representatives, represented in approving the 2024 budget schedules, related to Law (13 of 2023), the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023). , 2024, 2025).

Al-Sudani expressed his “thanks and appreciation for the efforts of the Presidency of the House of Representatives, the political forces, the parliamentary committees, and the Finance Committee, which completed the government effort, and what was previously approved in the Council of Ministers, represented by the budget schedules (A, B, C, D, E, and F).”

Al-Sudani stressed, “to continue implementing the government program, which received the vote of the House of Representatives and the support of the political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations and demands of our Iraqi people that they wish the government to fulfill.”

He continued: “On this occasion, we call on the House of Representatives and the governorate councils to support the government’s work by following up on the legislative and oversight efforts, which our government institutions, with all their arms and bodies, view as support for their work, a course correction, and a guarantee against corruption, deviation, and failure, just as we promised our people that there is no room for delaying. There should be no courtesy at the expense of people’s interests, preserving public money, and implementing services in all their names.”

Earlier today, Monday, the Iraqi Council of Representatives voted on the budget schedules for the current year, 2024.

The hours before the vote witnessed controversy within the Parliamentary Finance Committee, as votes were taken twice on the budget tables due to disagreements.

And earlier; Member of the Parliamentary Finance Committee, Saad Al-Tobi, confirmed that the committee voted on the federal budget schedules for the year 2024 without making changes to them, indicating that two trillion dinars had been allocated for transfer between the exchange doors.

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THE CENTRAL BANK EXPLAINS THE “FISCAL CONTROL” MECHANISM CONTAINED IN THE BUDGET

On Tuesday, member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, clarified the term financial control contained in the federal budget, as many officials misquoted it during their press statements, which may lead to unintended errors.

Berihi told Al-Maalouma, “The general concept of the term financial control mentioned in the federal budget among public finance specialists is the attempt of the government and the executive authorities to adhere to balance in order to exceed the deficit rate in future budgets and not reduce it to the deficit in the current budget.”

He stated, “Many officials misuse the term in their press statements, which may lead to unintended errors.”

He pointed out, “The government must benefit from the increase in annual revenues, whether oil or other, as well as develop productive projects to enhance the treasury’s financial resources to achieve the term.”

He continued, “Achieving financial control requires serious monitoring of costs on a permanent basis and follow-up by the regulatory authorities represented by the Financial Control and Integrity Department and the House of Representatives regarding determining project costs.”

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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

Auf Wiedersehen

Much love to ya all,

Mnt Goat

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