The news letter today is very long but I assure you that it is something that now must be told since the stalling of the rollout of the final steps of the RV process is still continuing.
If you are told the process is progressing those that tell you are lying. We all have wished and hoped that any illegal ambiguities in the process would have been corrected by now since those involved are well aware of the problems.
Nothing has been done. The stalemate continues.
My sources are telling me now that if the citizens of the USA and around the world do not stand up for justice and demand that an investigation on this matter take place as soon as possible, we may not see the conclusion to this RV process until maybe 2015, if even then, if we are lucky. This will drag on and on.
It is hard to give up the goose that is laying the golden eggs.
Let me also give you an historical perspective on this revaluation process since I have been following this now for many years. This is important to understand and it can give you a good perspective to how messed up and manipulated this RV process really is and who messed it up.
Clearly the process is owned by the Central Bank of Iraq (CBI). The USA in only supposed to administer the technical process since they control the software necessary to roll this out to the world. The IMF is the referee and so is working with both parties.
So the USA maintains and owns the technical software and controls the rollout process to the banks and money exchanges. Should they now be making decisions as to when to roll out this RV to the international community or just follow directions as given by the CBI and the IMF?
What really is their capacity? Are they overstepping their legal capacity by having the means to control the process by controlling the software needed to roll this out?
So the USA controls the final link to getting the new rates international. The USA also controls the web site for the CBI and so this site too cannot be updated with the new rates until the USA completes the rollout to all downstream applications.
Having said all this can you now see why the USA unofficially and indirectly controls the process. This is not the way it is supposed to be and must stop immediately.
So there is no sense to look for the CBI site updated until the USA decides to update it. This is why Iraq cannot force the RV.
There is talk that the CBI is contracting with a company now to build their own site and roll it out very soon with the new rates to advert the USA influence. The IMF is encouraging this as a means to ensure they can control their currency independent of the USA, which has proven time and time again to be irresponsible in the handling of this rollouts process.
First let me say that as far back as 2011 the acting governor of the Central Bank of Iraq (CBI) at the time, Dr. Sinan Al-Shabibi made a request of the Iraq parliament to restore the Iraq dinar to its pre-war value or higher. He did this as a courtesy since the CBI does not have to ask permission of parliament to do its job. They have charter with all member countries which dictates their responsibilities.
This restructuring process is a multi-step process and would take many months to complete. But he could now officially begin the process.
The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.
The functions of the CBI in addition to achieving its primary objectives are:
-Implement the monetary policy and the exchange rate policy of Iraq. -Hold gold and manage the state reserves of gold. -Issue and manage the Iraqi currency. -Establish, oversee, and promote a sound and efficient payment system. -Issue licenses or permits in addition to regulating and supervising the banking sector as specified by the Banking Law. -Carry out any ancillary tasks or transactions within the framework of Iraqi law
Remember this – Who owns the central banks around the world? This link will tell you. It’ss no secret.
Keep reading ( I know it is long) but I am hoping you will see the internal fight going on between the owners of the CBI and the USA and how this all progressed over the last couple years into a huge mess.
You wanted to know why the holdup of the RV process? Who is holding it up? Well I am trying to tell you.. Are you listening? Do you really want to know?
There is an ongoing effort by certain parties (a sector of the USA government) to circumvent the Federal Reserve. Their future plans call for turning over the handling of the monetary policy of the USA back to the US Treasury.
We are now seeing signs of this with the new gold backed notes (also part of the new IMF asset backed currency policy). We all know this is not going to happen overnight and is a long process. There are a lot of changes to take place. They have a very tight stronghold on the USA and the final outcome is still uncertain.
There are certain items now up for contention that must be released by these families (or entities) in order for the opposing sector to allow the RV to happen. One of these items is to cut the currently owed massive US Federal debt in half, essentially erasing half of the debt owed to these families thus eliminated a large portion of the interest paid to in maintaining this debt.
Next to go back to a balanced budget (intentionally in the red to rack up massive debt as a scam to pay the high amounts of interest). It all boils down to this – Do you kill the goose that has been laying the golden eggs and have no eggs.
Or can you be happy with taking just some eggs and leaving some for the goose to nest on and reproduce thus create yet more wealth in the future. Then feed the goose so it is healthy and can lay yet more eggs?
To do this means giving up more monetary decision making power and giving it back to the UST. This is what is at stake.
At times there is a close agreement but often they fail to want to give up the power they now have over the USA but controlling the monetary policy. They are once again using the RV as a political maneuver, a pressure point to get what they want.
Remember power always lies to who controls the money. So this is the deadlock. Who will ultimately give in? So as long as the UST is given directions to stall they will continue to find excuses to hold up the final rollout.
I know some of you reading this news letter will fail to want to know the truth or have the capacity to understand it even if it were so obvious it could bite you in the nose….lol.. but this is your fault due to your education. I will not suppress the truth as a mere convenience to satisfy your ego. Maybe it is time to get educated.
So now let me continue tell you the story of how this mess began.
So at this time DR Shabibi was granted permission to begin this project. So it was now was endorsed by Parliament and the Iraq Finance Ministry. This had to be a joint effort between the CBI and the Finance Committee.
We know by Iraq law there is no necessity to make such a request for permission to the Council of Ministers (Maliki’s ministries), In fact if they did get involved and began to dictate monetary policy it would only be a conflict of interest and legally they should be prevented from such actions. This is a control mechanism in their constitution as a check of balance of power (to prevent a would be dictatorship).
Later in 2011, a couple weeks after this permission was granted, the Prime Minister Maliki and Dr. Shabibi began intense arguments over the restructuring project and the timing of the final rollout.
This rollout would be a significant increase in value of the dinar. At this time, Maliki decided to use the RV as political leverage in getting the country out of sanctions Chapter VII. He had no intensions of letting the currency RV while still being in Chapter VII. Was this a requirement? No – Dr. Shabibi had every rite to RV while still under sanctions.
The financial world stood up and noted that perhaps after the USA troop withdrawals in late 2011 that there was the first real possibility of seeing this currency restructuring project come to revaluing the currency.
Then in the spring 2012 we noted again Dr. Shabibi along with the Finance Ministry announcing that the lower denominations would be distributed in September of that year. He obviously fully intended to revalue the currency prior to this timeframe since the lower denominations cannot be distributed without some kind of significant increase in the value of the dinar.
So for those who dispute this fact I have to tell you this. Who do you believe the governor himself of the CBI or some intel hype?
At this time Dr. Shabibi did begin to move forward on this process and set in motion many of the planned activities necessary to eventually restructure (or revalue) the currency. We all read about these activities in articles and we go excited.
It seemed we were on track for an RV by mid 2012 and I believe this was the plan.
There was a reason for why Dr, Shabibi was being so aggressive in rolling out the RV’d currency.
He was fully aware of the political and economic ramifications to Iraq as well as the fraud and the many vultures that would flock down and prey upon the currency to try to make billions off the speculation of an impending RV.
(we are now of course witnessing this happen).
In December of 2012 we note that Maliki then stepped in to manipulate the restructuring process by alleging Dr. Shabibi supported criminal activities within the CBI and so while the present governor was away on vacation in Switzerland, Maliki put out a warrant for his arrest and justified appointing Dr. Abdul Basit Turki as the new acting governor of the CBI.
Dr. Abdul Basit Turki also headed the banking and finance over site committee. Maybe a conflict of interest?
Remember Maliki manipulated the judicial system in Iraq so anything was possible. The World Bank warned the Iraqi government from interfering in the performance of the Central Bank of Iraq.
So now we see the beginning of the process of circumventing the CBI and its decision to RV the currency.
We then saw article after article about the postponement of the RV until early 2013.
In April of 2013 we were told of an impending RV and we all prepared for it. Maliki once again held off the RV pushing first for relief from sanctions.
In June 2013 we saw the official lifting of Chapter VII sanctions. We all saw an impending RV in the very near future. Hurry we all thought…finally!
During the entire summer of 2013 we witnessed the ongoing saga of the UST attempting to scramble to update the needed software applications that would be used in the final international rollout process.
I kept asking myself why in hell did the UST wait so long to begin these tasks?
So very shortly after the UST made its first attempt to test the software in the rollout process. We witnessed some very high rates on the bank screens and laughed at intel gatherers (like Okie end others) telling us about these very high rates.
The rates were real but only still in the testing phase. The problem they encountered is they had to balance out the rats of 190+ currencies and value the currencies according to current assets of that country. An inventory has to be substantiated and the engine to do the calculations had to be written. We witnessed many failures and ongoing tests.
The UST also had to fix the system to add yet more complexity, another set of contract rates (IQN and VNN) and have a process to track the ongoing fluctuation of the value of these rates, as they get depleted.
This software coding and testing took all summer and partly into the fall timeframe. In October we witnessed the rate going live and some very early exchanges taking place.
In the first week of December, we first heard of an official RV date of December 1, 2013. This was due to pending contracts.
We all thought that once this new system finally worked we would see the RV. After all did the CBI and the GOI now support the RV and agreed to all terms. Yes they did!
Now that we even had an official RV date this process should go to completion very soon and we would be at the banks. But this did not happen.
Instead it was decide to let the Congressman, Senators and their friends and families feast of the new rate first.
After the entire month of December 2013 and this feasting the UST claim to have released it to the general public.
Did you go to the bank as of yet? Funny how the banks won’t let me yet exchange my dinar.
So after this feasting was over the bankers than decided to allow their high end clients to feast on the high contract rates. Only after complaining by the general public (those that know of this practice) did it end. This however took almost 3 weeks.
How can the UST allow such manipulation of a currency not yet even on the international market? Is this not illegal? What gives anyone the power to allow only the “privileged” the right to exchange a currency not yet even considered tradable on the open market?
So now we are in mid February 2014. Where do we go from here?
Negotiation have gone back and forth with Iraq ever since on the priority of getting the IQD currency international. The IMF has been working with Iraq to assist in their process but without the international rollout their process has come to a dead end.
Fortunately in late April 2014 we witnessed Maliki announcing a reinstatement of the currency.
Currently the USA has not rolled out the reinstatement rate of the IQD but rather plans to continue with the GCR and work towards the entire 190+ currencies as in the original revaluation plan prior to Maliki’s reinstatement.
However this was projected to take some time to manage and some re-negotiations were necessary to allow this to happen.
So in the meantime the USA has already missed the rollout timeframe for any currency reinstatement. There is a new renegotiated timeline that allows more time to set up this process.
This new timeline once again is another stalling tactic.
While the rest of the world sits and waits in dire need of these revalue currencies these fat cats sit and feast on this backside making billions each time this process is stalled.
They are doing indirectly as the UST procrastinates on when to release the RV. My impression is they are creating more harm than good in doing this.
They find any justification to legally extend out the timeline. They did not honor past renegotiated timelines and will not honor this new timeline either as usual and will continue to stall the process indefinitely.
They are already talking about a 2015 date for the RV and now the finance ministry has come out with articles supporting this timeline.
This is of course all very ridiculous and just a scam being perpetrated not just on the American people but on the rest the world .It is not supported by the IMF and one could list out hundreds of laws being broken both national and international.
I do not agree with using the making of USA monetary policy decisions as leverage to withhold a worldwide currency revaluation process of some 190+ currencies thus to hold back the economy and growth of Iraq and other nations.
There is a global economic disaster glooming on the horizon if nothing is done.
It is not fair to the people of Iraq and shows a very poor example of what the USA is capable of when it comes to politics. This is irresponsible and should be stopped now before a crisis arises once again in Iraq and amidst the global community.
It is time for the people (you and me) to take action to expose this openly to the rest of the world since this is now the only course of action that may have any results. We do not see any honorable politicians or members of the government sticking their necks out to make waves in this situation.
Since December of 2013 we all have been warned of this impending maneuver and the currency scams that could result. We are now witnessing it all first hand.
Those currency holders reading this new letter do not need to feel helpless. There are still many good and honest people fighting for you each and every day to bring this process to a conclusion but maybe not enough.
But now is the time for you also to step in and begin to help them. We must expose this bad US policy and the corruption they are allowing resulting from this policy.
You can either be part of the ongoing problem or you can be part of the solution. It is now your choice. You can respond to this new letter with sarcasm and ignorance or you can take action now and make a difference. We are all in this situation together.
We all have common goals:
1. full honesty and transparency in the dealings with the IQD revaluation and global reset process.
2. a speedy resolution to any deadlocks in the global reset process (not of course jeopardizing national security)
So why can’t all dinar holders work together to expose these corrupt practices we are now witnessing and bring the culprits to justice. We can!
I am now calling for everyone reading this news letter to email, write, Facebook or tweet this issue to the world and make it known just what is now going on. You must now take this matter into your own hands since we have been given the run around long enough and no one seems to make a difference or care about the real issues.
Are we now taking this action out of frustration?
Yes – of course since we have watched, waited and stood by the sideline long enough in this process. We know the rates are now at the banks. So why can other politicians and private clients be allowed to exchange but yet here we wait almost 5 months later and still nothing?
There just seems to be no justice, honesty and transparency in this RV process.
The perpetrators know who they are. They listen to the intel calls and read these news letters. They know that their inevitable demise is going to happen.
We can begin this process of bringing transparency by contacting your US district attorney’s office and filing an official complaint. These justices are legally obligated to begin investigations of all allegations of corrupt practices by government officials.
Here is some possible wording you can use in your complaint-
I/we come to you today as a last resort. As US citizens and global community members I/we respectfully request you to begin an investigation to rectify known global currency manipulation practices. These practices have recently been brought to our attention.
Here are the points of the contention to our grievance:
1. Government officials are known to intentionally stall the rollout of revalued international exchange rates of currencies to the general public and the global financial exchanges.
This practice was exposed earlier in 2013 and 2014 and has been known by these officials who control the process. No effort has been made on the part of any of these known government agencies to correct it.
Exaggerated and fabricated issues as justification are adversely affecting the process of rolling out these currencies to the global money exchanges and thus general public.
One of these currencies is the Iraq IQD. We are appalled at the fact that we lost 4,000+ of our soldiers plus over 150,000+ casualties to fight this war and to free the people of Iraq from a dictatorship.
We are told we want to rebuild that nation with a strong, democratic capitalistic society. We only now find that this process is being greatly hampered by political and personal gain with manipulation by government officials in the USA who control the process of finally reinstating their currency to its true value.
2. Government officials and associates are conducting private exchanges of currencies using speculative rates not yet published on the open public exchanges.
3. Very large bank loans are being administered using foreign currency as collateral. The values of these currencies are unpublished, speculative rates not yet officially on currency exchanges.
4. Illegal banking practices allowed by the Department of the United State Treasury by activating the rates of these unpublished currencies so as to allow bankers access to these rates to benefit selected clients, at selected locations for selected periods of time.
These activated rates were not yet published rates on the international exchanges.
Completed files from the investigations will also be released.
Peace and Luv To Ya All.