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Geopolitical Op-Ed: "Fill the Void" -- April 28, 2017

Source: Dinar Chronicles After my last post, a few colleagues suggested that the delay in the federal government funding bill today, an...

Monday, August 31, 2015

Mountain Goat: UU6801 - "Changing the IQD Exchange Rate?"

UU6801 – “Changing the IQD Exchange Rate?”

Hello Everyone,

If you are reading this news letter today for the very first time I welcome you. But I highly recommend you continue to read it ongoing since my news letters connect together many pieces of this continued saga of the Iraqi dinar revaluation story. I bring no hype or rumors. If I am giving you my personal opinion I will tell you so.

My news letters are usually very long, so print it off, grab a cup of hot coffee, get on your reading glasses, and sit down on a cozy chair. Today’s news is very long once again and there is so much of it to review with you.

I personally do not think that ANY event is “holding up” the revaluation process but simply Iraq it not yet ready. When will they be ready? WHEN EVERYTHING IS IN PLACE AND THEY (IRAQ, UN and USA) FEEL COMFORTABLE WITH THEIR SITUATION !

There is no boogieman behind a curtain that belongs to the cabal or secret society holding this RV back, some have told you. This is simply all foolish nonsense and must stop.

I read many forums and listen to many of these intel conference calls. Many of them simply make me laugh and sick to my stomach because these so called intel “gurus” will tell their audiences that they have been at this intel stuff for many years now. Some for five years or more. Really? - yet they have not yet learned how to gather information and verify it prior to disseminating it to thousands of listeners on their calls?

One thing that really disturbs me are items that these intel providers tell their listeners to watch for and that they can be signs of an RV. Really?

A good example is this constant, almost monthly, watch for the change in the U.N. Operational Rate Updates. Each month the same posts out in all these forums. Month after month. Each time the rates are updated late all the hype about proof of a pending RV. Really?

Enough already! I say to those vigilantly watching these rates - Get a life! You have nothing better to do?

Shame on you intel “gurus” and this privilege should be taken away from you. I have lost respect for most of you already for what you do to these innocent people just trying to learn and get truthful information about their investment.

Today’s News

Today is August 31st and still no RV or any hope of an RV window until at least mid September onward.

WOW ! The news was simply pouring out of Iraq over the weekend and into this new week, the first week of September.

I told you from mid August to mid September would be a very critical time for getting these reforms accomplished. I told you Abadi would make a final push to get them completed and it would be very sudden and unexpected by most.

I told you that “if” this reform process is successful, we would be in a great window to possibly see the currency reform project pick up momentum and maybe see a significant increase the value of the Iraqi dinar and the continuation of the “deletion of the 3 zeros” project.

I need to address something today that really bothers me. Again people reading only one or two of my posts and then in response they feel a need to come and dump on Mnt Goat. They seem content in putting words in my mouth and then arguing over them.

In fact if you were a faithful, long standing reader of mnt goat you would know better than to say that Mnt Goat believes there is a hold up. I only refer to a “hold up” in a very sarcastic manner for I hope to hit a nerve for many of these so called foolish intel “gurus” so they can see just how foolish and ignorant they are of what is really happening in Iraq. These are the same people that believe there is a hold up as each Monday morning comes around and there was no RV once again for the hundredth time. Go talk to them. Go explain the illogical intel they spread. They are the culprits not Mnt Goat !

So I have to say to My Ladies and Nova you guys are great bearers of intel and I have lots of respect for you guys. I have to thank you for all the efforts you make in helping sort out this revaluation saga. I learn something too every time I listen to your calls. I wish you would do more calls and more often.

But I am also disappointed in you because I feel you have been misinformed and lead. There is a total misunderstanding on the perspective of just what the Mnt Goat news letters is. Seems just like many people, you guys too read just a couple (or maybe just one) news letters and responded to a challenge. You do not know the background of the challenge or the precipice behind it.

So here is their 8/25 response to Mnt Goat challenge to explain “what then is the hold up” . (this does not mean Mnt Goat is saying there is a hold up but just asking if there was a hold – then tell me what it is since you keep telling us there is a hold up each Monday morning).

From My Ladies and Nova:
"SO MOUNTAIN GOAT AGAIN TO ANSWER YOUR CHALLENGE WITH OUT BECOMING ARGUMENTATIVE MY RESPONSE TO "WHAT IS THE HOLD UP" IS SIMPLY “WHAT HOLD UP?”

Remember that Mnt Goat, like My Ladies and Nova and others, does not believe there is ANY HOLDUP. So My Ladies your post was a moot point and I wish no hard feelings. NO HOLD UP and yes I totally agree with your analysis.

However this is exactly my point as I have been saying month after month now. Iraq simply is NOT YET READY TO MOVE TO THE BIG LEAGUE AND PLAY WITH THE BIG GUYS. Can someone say that the overall progress of this country in the areas of banking, financial, legal, security, etc could be the hold up? Yes – and it is a matter of semantics and exactly how you define “hold –up”. So let’s not get bogged down with semantics as we have much more to bring to the dinar community.

They desperately need an Investment Law, they need to combat the seriousness of the money laundering, they need a total secure environment where investors can come to Iraq and get legal disputes settled fairly. Did I mention that most insurance companies will not even do business in a terrorist zone (they have clauses in their contracts to void coverage) or without a legal system, and court system (to fairly settle disputes).

Do large corporations not use insurance as a mechanism for spreading their risk (losses)? Nova you should know about this- Yes, No? You are a banker. Would you feel comfortable going into Iraq and setting up a branch of your bank? Wouldn’t you be worried about your investment in land, building and other assets should a bomb explode or terrorists raid the vault? Would you feel comfortable loaning to Iraqi citizens knowing they could be blown up at anytime? How would they repay the loan?

Would you feel comfortable doing just the basic banking knowing there is no big brother watching over you and helping you spread your risks on these loans such as insurance does?

Folks this is all financial and banking stuff too. These issues I talk about, such as in the pending reforms, are the mechanisms to address these issues. Don’t you get it? HOW MANY TIMES AND HOW MANY WAYS MUST I EXPLAIN IT!

What the hell do you think I have been writing about over these last many months? Have you read over 100’s of my news letters?

So My Ladies and Nova (and others like you) may be addressing these reforms from another angle and that is excellent since we all need to know it from the banking and finance side too, but I assure you it’s all the same. I am glad we are now all on the same page and so let’s all relax and settle down (as my Hubby tells me).

Now let’s get back to our business of today and see what the news brings us. The main emphasis of today is on the talk about floating the dinar rate. Folks – this is HUGE news ! This is why I am dedicating almost this entire news letter today on this topic.

The CBI knows it must make some kind of move in the near future to go international. The pressure is enormous to do something. They want to sell international bonds and they need to fully implement these tariffs. They also need to implement an income tax. They need to bring in investments.

So again we are seeing many articles published on debates going on about changing the dinar exchange rate. We may not like what they say (the rate they give) but at least they are talking about it more now, more openly than ever before. Below is a recent set of 3 articles on this topic from this past week alone.

Last week we also read they were debating the pros and cons of FLOATING the dinar rate and the disparity of the Iraqi dinar to other neighboring countries. So what will they actually do? Iraq simply can not continue to do business and move forward without a realistic currency value.

We have to just keep reading the news to find out what they are going to do. No magic pills or “secret sources”. We know if they finally roll out to the international exchanges and then float the currency at a low beginning rate, it will not be long before we see some significant value increase.

We will all then be subject to the international market rate at the banks at this point and so we can then go exchange our dinar anytime we wish and at any rate. No need for conference calls, making bank appointments, long lines, 20 minutes sessions with the bankers, etc. This is all nonsense and hype told to you over and over again that most of you believe it to be true.

Does this sound so contrary to all the BS you have been hearing about FEAR mongering at the banks including banking exchange procedure packages only given to certain people, or how about busses showing up at the bank to exchange, oh and 1 800# to call to make appointments (yes this is a good one…ha ha ha).

This I tell you is all nothing but FEAR mongering and those that have been perpetrating this nonsense on you should be asked to end it by the authorities. These so called intel “gurus” have an agenda and you can see it all playing out now in the long run as so many of you fine and honest dinarians have lost so much money on reserves orders already that will never be filled. I have repeatedly warned you to stay away from them and get off their intel calls.

This is my personal theory on what the CBI is ultimately is going to do – I believe they know they must float the value of the IQD and gradually let it rise. They will NOT ATTEMPT to push out a very high rate right (i.e. $3.91) initially due to the money laundering (the current CBI governor has not controlled) and the terrorists activities. The CBI does talk about starting the project to delete the zeros sometime in very early 2016. What will they ultimately do? Again my personal belief is strong that Abadi is going to clean up the CBI too and Dr Shabibi will be back as the governor of the CBI to continue his original plan as they are almost now back on track.

(please don’t anyone argue with me that Dr Shabibi is back as the seated governor of the CBI. Since I know better so instead of arguing with me for a change just listen to me. Dr Shabibi is simply now on a consultant basis and most of his advice is being ignored by the currency proxy governor. It is very frustrating for him since we watches on the side lines. This is why they are in such a mess). Remember who placed this current proxy governor in the office….enough said…more house cleaning in the CBI is coming…)

The question is - from what rate will be the starting point if they change their mind and decide to do it now?

Do they first make a very significant leap like to maybe 90 cents or $1.14 as some and I too believe they will do OR do they come out very low (1059) and account for inflation and let it slowly break into the market?

Also remember in the recent articles (article below about the bond sale). It is ONLY national (in country) bonds for now so do not expect an RV for these bonds. They are selling at 10.6 dinars per USD penny. WOW! Would you buy them without an international rate to back them up to give you more future earnings? Why would you? They are telling us the are extending the bond drive for another month. Why? Read my lips – BECAUSE ITS ANOTHER FAILURE WITHOUT THE RV FIRST!

I also want to address an article I included about them talking about the 50k and 100k notes once again. You know the ones they are holding off until the RV since they know from economic experts it will cause more hyper-inflation. Dr Shabibi is telling them to hold off until they significantly increase the value and roll out international platforms. Will they listen?

Many economists have stated the pros and cons of this move now and most agreed that they would cause higher inflation rates in Iraq. But the article below states new class of categories (50 and 100) thousand, indicating that these groups are designed to facilitate the process of carrying currency among citizens. It seems the CBI may distribute these now anyhow contrary to advice by economists because they see other advantages. Will the advice of DR Shabibi support this attitude? I do not think he would agree.

Abdul Khaliq stressed that in the article below that to delete the value of the zeros and the replacement of the currency at this time could not successful because the environment is not ripe for it, stressing that this process needs a stable security environment as well as providing sophisticated technology and Komrat and devices to destroy the old currency and devices supervisory good (meaning honest people to do the work).

There you have it once again ! Their words not mine. No Hype, no Rumors, just facts.

So what does this all mean? Why did I bring it to you today?
What I am about to tell you is the most important part of the first 4 pages of this new letter today.

Read it carefully.

We are witnessing bad practices and confusion within the CBI. Plain and simple, We can see it so obviously in these articles. The acting proxy governor, Alaq, is inexperienced and not knowledgeable as to what action to take during this economic crisis. He is not proactive and can not make policies to combat issues prior to them becoming very severe. We will not see any progress in the direction of the currency reform until he is gone and they can get a suitable experienced person replacement to lead the CBI. Will Dr Shabibi be that person. Many believe (including myself) that he will return. Remember Dr Shabibi is still the “official” acting governor of the CBI just not allowed to sit and manage the CBI currently.

Article Follows:

IRAQ CONSIDERS THE POSSIBILITIES AND NEGITIVE EFFECT OF RAISING THE EXCHANGE RATE TO 1500 DINAR TO 1 USD.

Ali Mohsen Keywords
Governor of the Central Bank of Iraq

The financial crisis currently faced by Iraq, which can be extended to the next few years will inevitably require a serious and profound measures to spare the country a real risk has ridden the economic, social, security and services by circumstances, if it is not addressed articulated plans and successful solutions. The development of solutions and plans should not stems from one fact or one factor is the low price of oil source, because starting from that alone does not get us to the processors and attractive solutions touches the essence of the problem and the challenges of the immediate or future.

The state budget has been exporting large deficit even with revenue rising significantly (depending on the oil price rise), and spending, who met those revenues did not contribute to the development of the productive base and the infrastructure and services in proportion to the growing resources, but he was spending a reason to commit the state high fixed costs can not dislodge or reduced, especially in the massive recruitment is the product, and in the financing of self-financing bodies and public sector companies.

In the creation of entities and new ministries despite the expansion of the formations provinces based on the principle of administrative decentralization, accompanied by (easy flux of resources) neglect of non-oil revenues from fees and wages tax and other, and the acquisition of corrupt them (for example, pays the merchant importing container (Alkuinter) 4 Thousands of loyal Customs dollars (private sector), pays the Savior equivalent to a thousand dollars in fees for customs authority and the rest (3) thousand dollars obsessed by it and a group of staff in the customs of colluding with them to change, adapt and documentation of goods imported).

Thus, if we want to hold your breath in the hollow in the joints of the State in my income and expenditure, we will find serious and destructive phenomena miss out on the country's chances of development and growth and optimal use of resources.

On the basis of these facts should not be thinking about the easy solutions that have the country and citizens victim imbalances and deficiencies and poor management, use and lack of planning, oversight and accountability, and tinkering with all that or cover it up again By do not address the root of the problem.

You must be launched solutions to diagnose phenomena and glitches in the expenses and revenues of the state, which if not addressed by the real, the oil resources no matter how grown up you will be unable to achieve a balance and achieve economic and development goals of the public budget, and continues the drain of resources trends do not check real accumulation in expansion of economic activity and the reduction of unemployment and social welfare and human development, and continues to expand into new obligations on the State serve as the basis and foundation for real crises when oil revenues decline.

The proposal to reduce the value of the Iraqi dinar against the US dollar, which some posed today as a means to cover the deficit in the state budget (by paying a higher value of the dollar, which buys the Central Bank of the Ministry of Finance and thus sell the dollar at a higher price in the market - the proposed 1500 dinars), this proposal is undoubtedly a proposal followed by some countries for objective goals, in most cases, it is to encourage the country's exports where they become worth less in foreign currency shall be priced at a global competitor.

In the case of Iraq is the proposed solution easy and direct increases the amount of the dinar, which you get the Ministry of Finance against the dollar, but a solution from our point of view holds many cons on the one hand, on the other hand does not help to address the root of the problem chronic, but not suited structural imbalances, and Aicod to re-spending and government revenue structure in the macroeconomic framework, but would be a way to cover the reality with all its anomalies and serious imbalances, so we have exhausted all means of reform first, in order to keep spending paths and revenue on the basis of incorrect, before to resort to other solutions.

In any case, the proposed reduction rate of the dinar against the dollar mired with many of the observations and cons can highlight the most important as follows:

a. The reduction in the exchange rate of local currency, which is taken by States usually associated with the availability of the following (Policy Terms, conditions is available in the case of Iraq):

A-requires a flexibility in demand for imports, which means that the increase in the exchange rate for foreign currency will lead to reduced demand for imports (due to the high price tag), and this flexibility is available to the absence of national production base, leading to a negative result , where higher amounts spent in national currency on imported goods and thus increase the demand for foreign currency, leading to further deterioration in the balance of payments.
(b) that there is a significant volume of national exports, so that the resulting decline in national commodity prices (including the equivalent in foreign currency) intended for export due to the reduction of the national currency exchange rate, an increase in exports, and this is verified in Iraq, where almost the country does not make something, not because of price competition, but because of the lack of diverse production base in key sectors such as agriculture, industry, energy ... etc., where form Industry and Agriculture proportions in low GDP components (agriculture 4.5%, industry 1.83%).

(c) reducing the lead of the national currency exchange rate to reduce production costs, including wages are based, and this is not available or possible in the circumstances of the country political, social and security.

2. Unlike the report by some of the gentlemen of the proposed terms of the amount can be calculated provided the balance of the exchange rate difference, which was appreciated by 15 trillion dinars, the correct account in the light of the actual amount of dollars purchased by the central bank and Ministry of Finance (excluding repayments Financial commitments in dollars, such as oil, electricity, defense, foreign and reimbursements assuming projects that all other ministries and projects for Initiating an obligation to the dollar with that assumption is unrealistic), the correct amount can be made available for this year to exceed 5 trillion dinars and next year will be up to 10 trillion dinars in the best the possibilities, and this is the difference - who will pay the price of Iraqi citizens - can be supplied from other alternatives and those alternatives not only provide large sums of money, but check economic and financial task purposes in the short and long term.

On the other hand, the fulfillment of financial obligations to the oil companies will contribute to the increase in revenues, where the addition of every 100 thousand barrels of oil extracted and the source increases revenue by about $ 2 billion (assuming the price of a barrel to $ 50). There is considerable scope for increasing oil production as well as gas if what has financial obligations file management in favor of the companies producing oil and gas.

3. The proposal put two prices for the disbursement of the dinar, one low and one high allocated to cover essential needs (in order not to influence the citizen's task and sectors), such as food and medicine supplies Industry, agriculture and others, the proposal impractical and creates chaos and exploitation and corruption, where the reality of ports and customs authorities can not be to extend the application of a sound proposal, and we have experiences in this field, in which the instructions and controls turned into a means of blackmail and corruption and pour all in the interest of the corrupt lead to operations manipulation and rigging wide .

4-The lifting of the dollar exchange rate to 1,500 dinars (as proposed) means reduced purchasing power of citizens by 30%, in addition to cases of exploitation and loss of control over the market, which adds another increase, and this increase in prices is too high under the current circumstances where the limited income of the vast proportion of citizens in addition to unemployment and high poverty rates, as well as Cairo conditions experienced by millions of displaced people living humane difficult circumstances and resources barely sufficient to feed life and will be the beneficiary layer of traders and speculators.

5. The damage to raise the exchange rate and thus prices the public pays the price citizens with low-income equally borne by those with high incomes, which increases the phenomenon of large class differences, in the absence of tax policy reduce those differences, and make changes in the price structure and others are in favor of that layer.

The absence of the function of tax policy in the redistribution of income through taxation, according to real incomes to be re-distributed to citizens with limited income and poor through various means of support and services, this absence deepens the risk of lowering the exchange rate of the dinar.

6. The lifting of the exchange rate of the dollar by 30% mean reduction of assets and the value of investments Foreign such proportion that have been paid in dinars purchased in dollars at the time, but even the Iraqi business sector is calculated found and investments denominated in dollars (for psychological reasons, historical and economic), which generates serious repercussions of concern and hedge fears.

extends the impact to the level of citizens who are used to assess their assets and their properties and their property on the basis of the dollar, leading to raise Akiemha the national currency, and holds a clientele for it to rise, such as property buyers for residential or commercial purposes.

7. The lifting of exchange rate policy when they follow to serve as a tax on Local-income as in the proposed increase, must be accompanied by a re-look at the direct and indirect taxes toward mitigate or reduce them, it is not logical to impose taxes along with the increase in the exchange rate as it means a reduction of per capita income or purchasing power from both sides, and it should be noted here that the government decided to apply the law tariff starting from 08/01/2015 in addition to increasing the tax on employees' salaries and imposing a new tax on their allowances, which means carrying the majority of citizens (who are employees) a double financial burden not commensurate with the status of living of the citizens, in addition to government guidelines apply the electricity tariff and the gradual lifting fuel subsidies and other measures.

8. The gradient in the direction of fiscal and monetary decisions is an important and necessary but not to take this into account and take a big surprise decisions at high rates creates a negative impact on economic activity and the business environment.

The devaluation of the exchange rate of the dinar by 30% - as proposed - is a very high percentage confuse all economic conditions in all sectors.

The central bank has increased this year, the dollar exchange rate, which buys of Finance from 1166 to 1180 dinars, and can continue to amendment depending on the circumstances at rates not confuse the situation.

We believe that the possible solutions to address the financial challenges faced by Iraq are in the following frames (without going into the details of each proposal): -

1. Comprehensive reform of the tax authorities, and that can save billions of dollars a year, with the assignment of customs collections in all ports to international companies specialized in investment. Frame

2. Stimulate and activate tools and market domestic debt, through the issuance of bonds and traded in the market, which is a source basis for funding in most countries of the world, given that the central bank proposed to the government and the national bond issue worth 5 trillion dinars and local bonds, dollar futures against the dinar worth $ 5 billion, The government agreed on it has been assigned versions Bank manages on behalf of the government and will soon in the market.

3. A comprehensive survey of real estate State (land and buildings), leased and vacant Akiemha and revenues from rental or leasing or other, to study them and take appropriate action on the lease, sell or invest, to maximize possible resources of exploited economically and efficiently.

4. Ending the financing of the state budget for the bodies self-funded (according to the laws) within a period not exceeding 5 years, any funding or support rate reduced by 20% annually until the departure of its funding or grants her from the general budget, note that the current annual allocations to those bodies and agencies amounting to trillions (JD).

5. Activation of what is stated in the General Budget Law for the year 2015, of allowing the government deferred payment projects worth $ 5 billion, to be strategic projects (limited in number and wide service) and managed a higher committee and a high degree of transparency.

6. The application of tariff electricity consumption, taking into account the gradient in wages to focus on high consumption and to develop suitable for the consumption of the poor and middle-class wages, knowing that all accounts suggest the possibility of achieving an amount of $ 6 billion a year if they were those tariff application.

7. Reconsideration of support policies (such as ration card, fuel ...) so that went to the poor and limited income groups.

8. Activating the strategic promotion of the private sector which was approved by the government and keep track of their content carefully and diligently a task and accurate strategy and placed center after studies and discussions between all the parties of the government and the private sector and specialists.

9. Identify a number of major investment projects per year (for example, 10 projects), presented to the investment with a package of incentives and privileges and a sufficient amount of guarantees, and assume a higher committee formed by the Council of Ministers to identify and promote these projects and supervise the stages of delivery and provide all means of support to them.

10. The resolution of public sector companies file a private money-losing ones, which have undergone studies and proposals and plans of years ago and it has become very necessary to the completion of self-determination, taking into account not damage the rhythm of the workers.

11. Benefit fast loans provided by the CBI industrial, agricultural and real estate sector, which amounts to 5 trillion dinars, where -With Alosv- not fired yet for the government's delay in the necessary instructions to launch determinants mode, note that the central bank also allocated $1 trillion dinars to finance projects Small private banks through lending.

12. The need to resolve lagging government projects that have been paying large sums them without complete file, much of which has been included for years, and we see the need for the Council of Ministers to form a committee to review the situation of these projects and ways to accomplish or re amounts, as we see it is necessary to be not insert delete or replace projects only through submission to the Council of Ministers, and be the first choice for the implementation of investment by the private sector first.

13. Seek to get support and help countries that share Iraq in its attitude towards terrorism by moving them to finance Iraq's reconstruction fund, and is a national team of the three presidencies liaise with these countries and encourage them to contribute to the mitigation of the destruction and devastation caused by terrorism.

14. Development of a medium-term plan, to restructure the government and higher authorities and local administrations, thus alleviating the administrative sag and reduces costs and increases the efficiency and productivity, and poses for the national team purpose of professionals as well as academics and international consulting firms, that studies and proposals are not subject to political considerations or interests contradict and goals of that plan.

15. Reconsider system of supervision and inspection and integrity in the light of the experience of the past years, and to identify strengths and weaknesses in their work and ways to improve their roles, leading to a real and effective and efficient for the phenomena of corruption fight.

Here, we refer to we have given some time ago to the Cabinet a proposal to abolish offices of inspectors general, and replace it with one office be at the national level, and represents the Council of Ministers arm in control and is associated with the Prime Minister, the executive power tool to be in control of themselves, and without subjecting it to the impacts and pressures of the ministries and departments which shall control, as we suggested characterization or tasks for the work of that office selected aspects of mission and essential without immersion in the details or the tasks that are the responsibility of the internal or external control devices.

Article Ends

Article Begins

BONDS TO SALES AT 1095 DINAR TO 1 USD

The central bank announced the extension of the bond sale for the benefit of the Ministry of Finance one month

08/30/2015

The central bank announced on Sunday, to extend the period for the bond sale for the benefit of the Ministry of Finance and one month, while explained that it will sell bonds in Iraqi dinars at a price of 1095 dinars per dollar. The bank said in a statement briefed "Iraq law," a copy of it, "will be extended sales in nominal bond futures delivery in the currency of the US dollar on behalf of the Ministry of Finance to be one of the first of next September and up to 30 of the same month," noting that "Asdarih will be four categories ( 2,500 to 10,000 and 50,000 and 100,000) US dollars, and the total amount of two billion dollars. " The bank said it "will sell the bonds at a price of Iraqi dinars 1095 dinars per dollar and payable by the Ministry of Finance on February 28, 2017 to be paid in dollars maturity."

The Central Bank of Iraq became independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily for the sale and purchase of foreign currencies sessions except public holidays which stops the Bank for these auctions.

Article Ends

Article Begins

IRAQI DINAR COMPETE ARAB CURRENCIES IN THE EXCHANGE RATE

Basil Abbas Khudair

Tuesday, August 25 0.2015

After the application of monetary policy to maintain the exchange rate of the Iraqi dinar against the US dollar prices, which began since 2004, and so today and led by the Central Bank of Iraq, and defended by experts International Sinan Shabib (article from the post of Governor of the Bank) and the appearance of Mohammed Saleh (Economic Adviser currently the Council of Ministers), and cost Iraq more than $ 300 billion, has become the Iraqi currency (the dinar) Currency compete in many countries, including the Lebanese pound and the Somali shilling and condoms Mauritanian lunar franc (Comoros) and the Yemeni rial, because the exchange rate against the dollar, we have the best of these currencies, the Iraqi Vdinar equivalent to $ 0.0009 while the equivalent lira in Lebanon (for example) .00066, so the US dollar equivalent of 1146 dinars in Iraq (except for commission of the Central Bank) In Lebanon, the US dollar equivalent of 1,500 pounds, and because Lebanon is a country in non-oil is not the right comparison between the two, it is justice that compare the Iraq oil-producing Arab countries regarding exchange rates, In Kuwait, the equivalent of the Kuwaiti dinar to $ 3.42 (Kuwaiti dinar equivalent of nearly 5,000 Iraqi dinars) as equivalent to the Bahraini dinar to $ 2.66 in the Sultanate of Oman equivalent riyal to $ 2.6, while in Jordan, the dinar equivalent of $ 1.41, and in the Libya Vdinar have the equivalent of $ 0.73.

Might ask anybody, how could Kuwait occupied by the former regime and lost everything to restore prestige to the dinar (who was in a competitive race with the Iraqi dinar so that overcomes one over the other little difference to the very beginning of the eighties of the last century), and how Jordan was able to maintain fixed exchange rates Several years ago, a sink indebtedness and the aid-dependent and does not involve the fortunes of the oil it imports crude oil from Iraq, although it adjoins (Israel) have fought many wars and has a constant threat because of unwanted neighbor?

And how withstood the Libyan dinar after the overthrow of the Gaddafi regime and the proliferation of militias and tribal divisions? And although we have the part of the answers to these and other questions, we Snhjb our answers because they may pose views on the subject, it is needed is not a number of opinions, but a detailed and clear facts, facts and numbers and names answers, a subject must Taatkvlh neutral parties and should preferably be international in order to be referred to eliminate Iraqi when you confirm the existence of suspicions of corruption, subject of such importance should be subject to review and investigation and audit and accountability and that does not pass unnoticed, because it relates to the wealth of Iraq during more than 12 years and some are wasted and ran away without the benefit of the country and reflected on sustainable development but poorly too.

It goes from our compatriots to any country in the world impressed due to witnessing the progress and services, while we Nckoa all of the deficiencies and shortcomings in most aspects, despite the annual Mdjulatna of oil revenues alone may draw five times or more of balancing those countries, oddly enough The demonstrations, which the country is currently witnessing sometimes focus on topics very much simpler than the economic problems experienced by Iraq,

The country is on the verge of a real setbacks when the price of a barrel of oil up to $ 30 or less, because the state will be insolvent in its affairs management may be forced to enter the enormous indebtedness guaranteed Oil or national sovereignty, and can pass such topics easily as long as the salaries paid Bmeidha or after a delay for a limited number of days, and still wound is bleeding in the area of selling the dollar in the Iraqi Central Bank auction, Valambiet up to $ 250 million a day and sales of oil does not exceed 4 million barrels per day with an average price of 40 dollars per barrel, which means that daily oil revenues are less than sales, and what baffles if oil revenues up to $ 160 million a day, so how can the auction sells $ 250 million a day and where to go these sales? It's a complicated question is asked constantly convincing answer but did not get it after the citizen.

Despite the tremendous sales of the dollar (former and current), which estimated value of the current chairman of the Finance Committee in the Parliament, Dr. Ahmad Chalabi of more than $ 300 billion, the real exchange rate of the citizen is the price of 1230 dinars per dollar, which means that efforts to stabilize the exchange rate policy in order not to hurt citizen of the volatility of exchange rates is real, Valtzbzb brought the price to 1480 dinars per dollar did not fall into what it is until after the Federal Court approval to repeal the Council of Ministers of the amendments to the House of Representatives on some budget 2015 materials including setting the exchange no more than $ 75 million a day , also suggesting that the absence of any port can citizen on the dollar gets it at the price of the central bank when his desire or having to travel outside of Iraq for the purpose of (the Hajj, Umrah, treatment, tourism, etc.), and are resorting to banking that choose Offices exchange rates outside the mainstream at the central bank prices, it was really strange to think that the Iraqi Central Bank is a tool to manage the money and the economy, even though he was on monetary policy because the economic and financial policies must be developed and managed stakeholders out, as that of unjust watching on bank sales Central without creating a convenient way for the delivery of the dollar to the citizen, because it is the legitimate right and not a share of (thieves).

https://translate.google.com/transla...3Fid%3D4124296

Article Ends

Article Begins

PARLIAMENT CONFERMS THEY SUPPORT NEW LARGE CURRENCY NOTES AND NOT READY TO DELETE THE ZEROS !!!!

Parliamentary Finance supports the issuance of large cash categories
August 23, 2015

Our economy / Baghdad
The parliamentary finance committee confirmed that it supports the issuance of new categories of cash to facilitate the process of carrying currency among citizens, indicating that the environment is not ready to replace the value of the currency or delete the zeros of them.

Said Finance Committee member Jabbar Abdul Khaliq in an exclusive interview with our economy, that the Finance Committee in the House of Representatives supports the issuance of a new class of categories (50 and 100) thousand, indicating that these groups are designed to facilitate the process of carrying currency among citizens.

Abdul Khaliq stressed that the theme delete the value of the zeros and the replacement of the currency at this time is not successful because the environment is ripe for it, stressing that this process needs a stable security environment as well as providing sophisticated technology and Komrat and devices to destroy the old currency and devices supervisory good.

The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on that early next year will be introduced in 2016 in principle.

Article Ends

Update on Reform Laws
So in many of my news letters I keep giving you an update on what we have been told are the critical laws needed for a stable Iraq (not rumor or conjecture). Today I want to update you on the current status of these laws. Please see the articles below.

Article Begins

Urgent Parliament POSTPONES VOTING ON NATIONAL GUARDS LAW till dealing on its articles

Published: 2015/8/30

Baghdad (AIN) –The parliament postponed voting on the National Guards law draft till reaching an agreement on its articles by the political sides." /End/

Article Ends

Article Begins

PARLIAMENTARY ECONOMY: THE COMPLETION OF THE AMENDMENT OF THE INVESTMENT LAW AND SUBMITTED TO A VOTE NEAREST SESSION

2015/8/30 12:36

[Baghdad-where] announced to the economic and investment commission in Parliament, for the completion of the amendment of the Investment Law No. 13 of 2006.

The committee member said Osman Doski told all of Iraq [where] that "Alhadjnh finished writing a draft amendment to the law and will be presented in the nearest session of parliament for a vote."

He explained Doski "The main amendments to the Act added paragraphs to facilitate foreign investor in Iraq and give the work of the right to submit a judicial complaint in Iraqi courts and abroad Investment Authority if what happened there is disagreement between them with the provision of facilities in the acquisition of lands for investors.

"The Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani said last month," The second draft amendment to the investment law will be presented to the final vote in the coming period, and will be a great achievement of the legislative side of the Iraqi economy.

"He said Bolani" the introduction of a number of radical changes to the law which will form an important factor in the creation of excellent investment environment and meet the aspiration of all parties ".anthy 2
http://www.alliraqnews.com/modules/news/article.php?storyid=14098

Article Ends

Here Comes Reforms III

Article Begins

PARLIAMENTARY REFORMS UNEXPECTED CUT...NEXT FEW DAYS

08/30/2015 (00:01 pm)
Parliamentary reforms unexpected cut advisers, managers and pressing expenses

BAGHDAD / Mohammad Sabah

House of Representatives is preparing to make the second Hzmth reform, during the next few days.And is expected to include a reduction of advisers speaker of parliament and adviser to the permanent parliamentary committees and some of the directors-general and heads of sub-districts.

And witnessing a secret corridors of the House of Representatives debate on the reform second paper for fear of political pressure to prevent its application.

In this context, the National Alliance believes that the parliamentary and governmental reform packages is not enough to reform the political system.

It seems that the first paper reforms sent by Prime Minister Haider al-Abadi embarrassed parliament and political mass and forced them to legislative reform of their organization in terms of performance and cut costs.

And the voice of the House of Representatives on the parliamentary reforms launched by the President of the Parliament Saleem al-Jubouri in 11 of the Aug. 26, paragraph contained package.

The prime minister Haider al-Abadi, issued on August 9 th, a series of directives, which included a reduction to prepare an immediate protections for all those responsible, and the abolition of the posts of Vice President and the Prime Minister immediately.

MP Salim says Shawki, a member of the Parliamentary Legal Committee (range), "The House of Representatives is preparing to submit his paper Correctional second judge to reduce the number adviser to the Speaker of Parliament and parliamentary committees and sub-permanent circuits and general managers."

Shawki "These reforms include restructuring the legislative institution in line with the reformist government programs advocated by the reference Najaf and called the demonstrators", stressing that "the Presidency of the Council of Representatives is considering new paper for submission in the next few days."

He adds mass citizen member of the "advisers House Speaker numbering to ten advisers at the time allocated for each parliamentary standing committee three advisers only," pointing out that "the number of sub-districts for the House of Representatives more than 10 its managers and employees, as well as about 10 years Managers the structure of the House of Representatives. "

And it refers to a member of the Legal Committee that "these numbers will be reduced in the paper the next parliamentary reform, which is currently being prepared by the Presidency of the Council of Representatives and specialists in the parliament."

And confirmation of detection MP Salim Chawki, approved a parliamentary sources familiar with the existence of a paper reform intends to House Speaker Salim al-submission to the political blocs in order to consult in Tvasilha.oadavc sources, who spoke for (long) condition of anonymity, that "this paper reformist being written confidentially by the Presidium of the House of Representatives away from the pressures of the political blocs that may hinder completion in the event of cancellation of some positions. "

But the Turkmen MP Hassan Turan denies (range) For the Legal Committee, which is one of its members. He called on the President of the House of Representatives to the presentation of these reforms on the heads of political blocs and the competent committees.

For his part, MP Razak Mahabs confirms that "the issue of reform needs to be a long time," adding that "the first reformist paper presented by the House of Representatives is not sufficient to complete the repair process completely."

He Mahabs, in an interview with the (range), that "Everyone is waiting for asking parliamentary papers and other government to complete the reform process and a wide large in order to assess the political system and the elimination of financial and administrative corruption."

And see a member of the Badr parliamentary bloc that "the government and parliamentary reforms require the feminine special grades, which weighed on the federal budget and the state was not intended to enhance the performance of the state as far as being the satisfaction of the political parties."

Stresses Mahabs that "all positions of the Iraqi state and distributed on a sectarian basis, which significantly affected not to provide services for the Iraqi people," pointing out that "Mahassata political system pay the introduction of hundreds of special grades to satisfy blocs and political parties."

http://translate.google.ca/translate...26prmd%3Dimvns

Article Ends

Update on Nori Al Maliki

Seems that I am one of the few, if not the only one, who is sticking to my convictions on this topic of Nori al-Maliki and that his influence and that of what he brings is the Iranian influence and it must be dealt with prior to any RV. I have been saying this now for years since the beginning and I will continue to stress this point.

So now that Abadi has momentum and is moving forward quickly with his reforms we see articles now coming out freely denouncing Iranian influence and how it was the major source of corruption and constant violence, fear and discontent in Iraq. Many have bashed me for my investment in Iraq when I tell them I hold the currency and have criticized me for it. They say and I quote - “ Iraq is just a bunch of violent people and will never be peaceful”. I of course say really? I could not disagree more. These kind of statements really bother me and shows lack of COMPASSION and HOPE for the Iraqi people. Do you think the overall general citizens of Iraq enjoy living in fear of their lives everyday with little hope it will ever end? Absolutely not! They will end this violence, they will have electiricty 24 hours a day and they will be able to walk the streets once again in freedom and it is coming soon.

Since with my intelligence experience in the Army, I know better and I knew where the violence and corruption has been coming from. I stated this many times in the past. I stated part of the culprit was the USA in supplying a continued support for Nori al-Maliki when in 2012, on the verge of a no-confidence vote, the leaders of Iraq urged and pleaded with the USA to withdraw any support from the Maliki administration. Instead you see what happened as Maliki progressed further down the road of dictatorship. This was just an example of the horrific leadership by this currency administration when it comes to policies in the middle east.

Yes- I am blaming the USA because I know for a fact that this Iranian influence could all have ended long before DAASH and ISIS were allowed to infiltrate by Maliki in June 2014. So now, like many issues, the mess left behind by the USA must be cleaned up. They are leaving Iraq holding the bag. Don’t you think that the Iraqi politicians know this too and carry resentment towards the USA in what the USA has done to them? If you do not understand this point then you are missing so much in truly understanding what has happened in the last 4 years under Maliki.

You see Nori al-Maliki was the ring leader in Iraq of all the terrorism and constant bombings. The international community was so very naive in not seeing this man for who he really is and responding to him. Maliki had his own private security forces acting on his behalf. Now WE MUST SEE MALIKI AND HIS GOONS GONE AND PROSECUTED BEFORE WE CAN HAVE ANY REAL SENSE OF PEACE IN IRAQ and thus any RV. This peace is coming and this article below I really like since finally it tells the story honestly and truthfully. They are now speaking out and are no longer afraid to do so

Article Begins

JAMAL AL-DIN: THE ELIMINATION OF MILITIA BEGINNING OF THE END OF IRANIAN INFLUENCE IN IRAQ 
Sunday, August 30, 2015

Ayad Jamal al-Din says that the movement now in Iraq is not a sectarian It is considered that the Iranian corruption and corruption in the Iraq war disappears under the slogan Daash.

Political and said the Shiite and former deputy in the Iraqi parliament, the cleric Ayad Jamal al-Din, that the elimination of the militias is the beginning of the end of Iranian influence in Iraq and the beginning of the end to corruption and the corrupt.

He stressed that "the movement now in Iraq is not a sectarian," adding that Iran's corruption and corruption in the Iraq war disappears under the slogan Daash.

Said Jamal al-Din in his Tweets on the social networking "Twitter" site, that "the militarization of Shiite militias and making Iranian industry is designed to protect the interests of Tehran," adding that "what matters is the interests of Iran and that demolished homelands Shiites and threatened their stability.

He said Shiite cleric exhibitions of Iranian influence in Iraq, that "the Iranian corruption and corruption in Iraq disappears under the war on Daash slogan," noting that "corruption in Iraq disappears under the protection of" Wali al-Faqih, "a reference Iranian Leader Ali Khamenei.

He Ayad Jamal al-Din, which calls for a civilian government, that corruption in Iraq, a great tree leaves and roots in Baghdad in Tehran, adding that "the uprooting of corruption in Iraq means cursed Iran and symbols in Iraq."

Shiite cleric said that "Iran has established militias in Iraq before entering the organization Daash many years," and urged Iraq's Sunnis and Kurds in the Kurdistan region of uprising against the corrupt and Daash in order to rebuild Iraq after Iran and output Daash.

Article Ends

Article Begins

CITIZEN NURI AL-MALIKI LEAVES GREEN ZONE

https://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D4138073

Till next time…. Auf Wiedersehen!

Peace and Luv To Ya All,
Mnt Goat

Dinarland Guru Highlights for August 31

Guru Highlights for August 31

Delta
-> THE CBI DID EXTEND THE SELL OF BONDS ANOTHER MONTH, UNTIL THE END OF SEPT!!! SO MY Q TO YOU...IS.....


WHY DID THE CBI DO THAT ?

[Could it be because the bonds are not selling.]

BINGO WE HAVE A WINNER!!! MY 2ND Q WILL BE WHY NO ONE IS BUYING IT?
______________________________________________________

Delta -> WITH THE CBI GIVING ANOTHER MONTH AT 1095 TO SELL BONDS, SEP IS OUT THE WINDOW, OUR NEXT TARGET WILL BE OCTOBER.
______________________________________________________

Poppy3 -> heard again last night the hcl has been divided into 3 parts and they are to implement the part or 1/3rd of it that will allow abadi to get the rate released and fulfill a large portion of the rest of the 2015 budget.


LETS KEEP OUR EYES ON THEIR MOVEMENT OVER THE NEXT COUPLE DAYS WHAT WATCH THEIR ACTIONS IN THIS DIRECTION.
______________________________________________________

Bluedog -> THE NATIONAL GUARD LAW...WELL I SEE MOST BLOCS AGREE WITH IT...I SEE THE VOTE HAS BEEN POSTPONED INTO FIRST WEEK OF SEPTEMBER THINK THE 8TH (DON'T QUOTE ME ON THAT)...THEN WE NEED THEM TO ENACT IT...LETS SEE IT IN EFFECT, THEN AND ONLY THEN, WILL I DO SOMERSAULTS...NOT UNTIL I SEE IT IN MOTION...JIMO.
______________________________________________________

BGG -> Article quote: "Dozens of people demonstrated on Monday in front of the Supreme Judicial Council building in Baghdad to demand the resignation of President of the Council Medhat al-Mahmoud..."


...once Medhat al-Mahmoud is gone - Maliki has ZERO fall back position. It's really, really bad news for the Shia/thug/hardliners...these protests asking for Medhat's removal are a big deal - I guess maybe the biggest deal of the day.

Presidentess of Croatia: "EU must cooperate with Russia"

http://www.dnevno.hr/vijesti/svijet/dramatican-apel-grabar-kitarovic-eu-mora-suradivati-s-rusijom-jer-muke-tek-predstoje-826368

Author: Zoran Meter
Monday, August 31, 2015 at 08:17




The present state of the tens of thousands of refugees is focused towards Europe - is just the beginning! We expect millions!

The leading Russian media reported on Sunday on its front pages reporting the invitation Croatian Presidentess Kolinda Grabar Kitarovic has addressed to the European Union, the necessity for its cooperation with Russia.

Croatian Presidentess Grabar Kitarovic participated at the annual European Forum which brings together European politicians and intellectuals in the Tyrolean town of Alpbach and which is held since 1945. This year's forum passes in an atmosphere of crisis associated with the river of immigrants who come to Europe from the Middle East and North Africa.

Croatian Presidentess in his address to the participants of the forum said that the EU must cooperate with Russia concerning the regulation of the Syrian crisis and a series of other questions.

"We now contradicts Russia on the issue of the Ukrainian crisis. But we have to work with Russia to resolve the Syrian crisis and a series of other, "said Croatian President. According to her, the present situation with the tens of thousands of refugees that have been directed towards Europe - is just the beginning! "We expect a much higher number, possibly millions of people, who expect the realization of their aspirations predictable to a better and safer life," said Grabar Kitarovic and added that Europe must "look not only to those refugees who have already arrived, but still."

Extremely statesmanlike appearance president is crowned by a declaration that quotas on theadmission of refugees should not be imposed from Brussels, but should be left to themselves to EU member states. She believes that the EU is going through a whole range of problems, ie. The crisis: the crisis of views, strategies, identities, where the president of the most afraid of the crisis of leadership. "These crises affect the level of unity, the solidarity," and European leaders should Coordinate their actions, rather than hiding in their own countries.

BLC News and Comments for August 31

Central extend the period of the bond sale to finance and sell more than $ 212 million in auction 

[tlm724] "The bank said it" will sell the bonds in Iraqi dinars at a price of 1095 dinars per dollar and payable by the Ministry Finance in the February 28, 2017 to be paid in dollars maturity.

[tlm724] interesting ! buy the bonds in dinar BUT get paid back in US dollars !!!!!!!!!! now that something to chew on, why pay in dollars ? Are the dinars gonna be worth much more by the time these bonds mature in 2017 ???????? just askin Wink

~~~

In the parliamentary economy reveals the most prominent member of the investment law amendments, including the International Arbitration 

[tlm724] before the amendment of the Investment Law was invested when you get him the problem with the Commission a complaint to the Iraqi courts only and this was worried about him the investor

[tlm724] that means with this new amendment the investor can seek legal recourse outside of Iraq and with the amount of investment that will come with the passage of this law that is very important !

[tlm724] the addition of several paragraphs of the investment law in order to strengthen the economy and investment in Iraq and the country no longer be dependent on imports of oil only

[tlm724] The second draft amendment to the investment law will be presented to the final vote in the coming period, and would be a great achievement of the legislative side of the Iraqi economy,"

stressing that "the introduction of a number of radical law changes, which will be an important factor in creating excellent investment environment and meet the aspiration of all parties. "

[Shredd] "...which will be an important factor in creating excellent investment environment and meet the aspiration of all parties."

That is for sure. When the investment laws are passed, that will truly open opportunities for investors who have been waiting for protections.

The banking side has come a long way regarding balances and conversion protections, and now with these laws passed, will position Iraq for some much needed stimulus. Investment = lending = borrowing = commerce = jobs = revenue = taxes

That's a win/win!

~~~

Kikhany: Project simplification of procedures step towards modernizing management, reform and attract domestic and foreign investment

[tlm724] "the government's measures to simplify project is a step towards modernizing management, reform and attract domestic and foreign investment."

[tlm724] opening new horizons *hallelujah*

~~~

Finance discussed the draft law combating money laundering and terrorism financing



[tlm724] The meeting discussed the host chief prosecutor at the Supreme Judicial Council and officials of money laundering in the Supreme Judicial Council and the Central Bank and the National Intelligence Service and the Office of Financial Supervision file to discuss the draft anti-money laundering law and the financing of terrorism.

~~~

Legal expert: Iraqi constitution and the reforms needed to address its problems

[tlm724] they do need to tweak their constitution a bit like get rid of the article that gives MP's immunity !

[tlm724] that would be a great start. There is alot going on with Maliki and his seat in parliament as well as Najafi and Allawi. I believe this is in the hands of the judiciary now so we'll have to see how that plays out !

http://www.bondladyscorner.com/t142096-morning-news-comments-08-31-2015

Millionday's News for August 30

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: FIRST LET ME SAY>>>

Millionday: I WAS LOOKING FOR CHANGES ON CBI AND FOUND SOME CHANGES IN LAW AND NEW INFO I AM GOING TO SHARE WITH YOU

Millionday: FIRST WHILE THINGS LOAD WE HAVE THIS >>>>The new website of the Iraqi Legal Database (Www.iraqld.com)

(The domain iraqld.com may be for sale. Click here to make an offer or call 877-588-1085 to speak with one of our domain experts.) ???

Millionday: SAVE IT

Millionday: HERE IS ANOTHER OF THE MANY >>>> (Announcement) of the Central Bank of Iraq will extend the sales in nominal bond futures delivery in the currency of the US dollar (bearer) on behalf of the Ministry of Finance to be one of 2015/9/1 and up to 2015/9/30

Millionday: SO THE BONDS ARE GOING TO SELL WITH THE DOLLAR BACKING ONLY UNTIL SEPTEMBER 30TH --

Millionday: SYSTEM ADDED AND PREPARED FOR FUTURE >>>

(Electronic payment of funds services system)

Millionday: NOTE -- THIS IS ALL PREPARATION THINGS FOR REFORMS

Millionday: NOTE -- THIS IS ALSO GOING TO BE AVAILABLE AND FOR REFORMS >>>Established in the Centre for Banking Studies courses (2014/2013/2015)

Millionday: REMEMBER THEY ARE PLANNING TO HAVE MANY TRAINED FOR THE UPCOMING CHANGES IN EDUCATION AS WE SAW LAST NIGHT AND ALSO FOR BANKING EXPERTISE -- THIS WILL BE DONE BY PROFESSORS AND SPECIALISTS

Millionday: NOTICE IN PROGRESS

Millionday: s)

Establish a project to ensure the company bank deposits.

Controls the issuance of letters of guarantee.

Help the establishment of branches of Arab and foreign banks and their capital.

Help loan guarantee companies.

Islamic banking instructions (in the final stages of completion).

Islamic law instruments.

Millionday: OBVIOUSLY FOR REFORMS AND LAWS WE HAVE READ ABOUT BUT ARE NOW LISTED ON CBI AS IN PROGRESS -- WHOOPOW

Millionday: Help organize the work of companies to broker the sale and purchase of foreign currency No. (8) for the year (2015)

According to the provisions of subsection (3) of Article (4) of the Iraqi Central Bank Law No. (56) for the year (2004) the rate and the decision of the Board of the Central Bank of Iraq manage the session number (1500), held in 2013/6/10 we issued the following instructions:

Millionday: NOTE -- THE SALE OF FOREIGN CURRENCY IN 2015

Millionday: AND PURCHASE -- SO OBVIOUSLY PRICES WILL BE NEEDED

Millionday: NOTE -- THIS TOO IS FOR BANKING REFORM AND THE DEVELOPMENT WE HAVE READ ABOUT >>>>

Licensing

Iraqi Central Bank receives license applications by Arab foreign banks to conduct business in Iraq in accordance with the provisions of the Banking Act.

Help organize companies and the granting of licenses and the list of licensed exchange companies

Help regulate money transfer companies and financial investment and exchange companies and accounts inactive and abandoned property and licensing of local and foreign banks and the license to open a representative office of a foreign bank and a list of licensed exchange companies

Help Islamic banking ...... (Amendment)

Help private Islamic banks and conventional banks that want to open an Islamic window by a decision of the Board of the Central Bank of Iraq Islamic banking department.

Millionday: SO THIS PART IS ALL REGULATIONS FOR THE REMITTANCE SYSTEM AND LICENSING -- WHOOPOW

Millionday: HUGE PROGRESS AND PREPARATION IS OBVIOUS

Millionday: Proposals to amend the Central Bank No. Law (56) for the year (2004) and Law No. banks (94) for the year (2004) and the law of money laundering and terrorism financing No. (93) for the year (2004) provided by the directorates and departments of the Central Bank of Iraq and the banks licensed in Iraq>>>>>> http://www.cbi.iq/documents/Proposal...end%20laws.pdf

http://www.cbi.iq/documents/Proposals%20to%20amend%20laws.pdf

Millionday: NEW MONITARY POLICY >>> http://www.cbi.iq/documents/monetary_policy_AR_f.pdf

http://www.cbi.iq/documents/monetary_policy_AR_f.pdf

(Does not translate without free trial)

Millionday: END OF CBI INFO AND OBVIOUSLY HUGE PROGRESS

Millionday: WORKING ON SOME TRANSLATIONS OBVIOUSLY BUT LOTS OF CHANGE HAS OCCURRED

itsaboutjesus (IAJ): I just opened their monetary policy PDF doc .... they are SOoooooo CHEAP !! A legal and public doc, and they generated the PDF doc with a "trial" version of PDF doc

--- pay for it !! It's like $20, that's it !!

itsaboutjesus (IAJ): "trial" = free

itsaboutjesus (IAJ): it's printed on the doc

Millionday: LOL

Millionday: MANY THINGS ARE PLACES THAT ALL INFO WILL BE RELEASED UPON CHANGES

Millionday: FOR EXAMPLE >>> Currency major daily prices bulletin (2011/2012/2013/2014/2015)

Millionday: WITH NO PRICES LISTED IT IS OBVIOUSLY COMING TO A MALL NEAR YOU

Millionday: LOL

Pablo: Have you heard anything more from last night about this new guy in the CBI? And now that all these reforms are started, how long till they are finished, Sept 29?

Millionday: THE NEW GUY IS THE PROXY ALAK WHO IS NOW FORMALLY APPOINTED INTERNATIONALLY FOR THE CENTRAL BANK FORUM IN TWO WEEKS ABOUT IRAQS NEW BANKING POLICIES AND SERVICES ETC

Doodle Brain: Back to the bonds..."some" are suggesting that the extension is because they didn't get the job done in selling enough bonds. Your feeling?

Secondly, all these banking changes/education.

Is this why they are having the meeting in Beirut on the 15th re: Lebanese Banking in Iraq?

Lastly, comment...re: the Legal Database Website, I couldn't get to it using .com so I tried .iq. Perhaps that is the address?

Millionday: THEY WILL BE USING THE NEW ADDRESS FOR INTERNATIONAL BANKING RESOURCES IS HOW IT APPEARS TO ME AS IT IS A NEW ADDITION THAT HAS NOT BEEN AVAILABLE INTERNATIONALLY YET ---

THE BOND EXTENSION IMO WOULD BE TO REACH THE GOAL THEY HAD SET ---

THE FORUM IN BEIRUT IS FOR INTERNATIONAL BANKING PROCESS AND ABILITIES/OPPORTUNITIES IN IRAQ FOR INTERNATIONAL BANKING/INVESTORS WE HAVE BEEN READING ABOUT -- NOT JUST LEBANON

itsaboutjesus (IAJ) Millionday: Old question .... 2 days ago you said that you found the "rate goal", and you said you'd bring it, then you said you can't copy the ink. Can you still do that? And, if you can't copy the ink, can you "disclose" the "rate goal" that you read in your own words?

Millionday: I WOULD LOVE TO HAVE BROUGHT IT BUT WAS DENIED ACCESS WHEN I TRIED TO GET IT AND BRING IT IN -- IT SAID ACCESS DENIED -- SO I WASNT GOING TO GO ANY FURTHER

Tiger: Is it true Iraq had an international bond sale about 10 years ago ? If they did what prevents them from selling bonds today at the current level of the IQD ?

Millionday: THEY ARE SELLING BONDS WITH THE DOLLAR THEY GET FROM OIL SALES BUT THE ECONOMIC SITUATION WOULD NOT Allow the sale of dinar bonds imo due to the huge loss of currency and the process they have announced FOR ECONOMIC REFORM AND MONETARY POLICY

angus: Does this mean they will not rv until they are done with the bond sales in the us dollar?

Millionday: NO THE US DOLLAR WILL BE IN COUNTRY FOR OIL SALES INDEFINATELY SO IT REALLY GIVES NO INDICATION OF ANYTHING BUT JUST A TIMELINE OF THE SALE OF THE BONDS AT THIS POINT -- NO ADDITIONAL INFO HAS BEEN RELEASED CONCERNING THEM

Millionday: Hashimi is adjusted share prices and annual profits, or quarterly realized in proportion to the trading period in the stock market of the most important factors that enhance the performance of the Iraq Stock Exchange.

Millionday: NOTE -- PRICES IN THE ISX ARE BEING ADJUSTED

Millionday: According to observers, the twice the amount of the profits earned as a result their trading stocks, buying and selling is one of the reasons for the reluctance of the public indirect investment in the Iraq Stock Exchange,

as well as lack of awareness and lack of experience in this Amajal.ovi this regard consultant explained a specialist in the stock market Mahmoud Munther in an interview for «morning» that stock prices for companies in general determined by its actual and assets as well as their capital,

Millionday: NOTE -- THERE IS A PROBLEM WITH LOCAL INVESTORS UNDERSTANDING THE PROCESS OF STOCK MARKET INVESTMENT AT THIS POINT

Millionday: Indicating that the economic reality of the country contributed significantly decrease the performance of the stock market through the affected productivity of industrial companies clearly the conditions in Iraq in the nineties of the last century and the continuing effects yet in stock prices Almtdaolh.ujae in Article 13 of the organizational instructions for trading securities in the market Iraq No. (74) for the year 2004 »is raise or lower the price of buy and sell orders b (50) fils, or

multiples thereof.»

Millionday: NOTE -- THE PRICES ARE LISTED BY CALCULATIONS OF MULTIPLE 50 FILS SO ADJUSTMENTS ARE EXPECTED TO BE THE SAME -- BUT WE SHALL SEE

Millionday: He noted that there are companies that still the prices of shares without a single dinar, while there are other companies amounting to price its shares four dinars,

adding that one the main causes of the public's failure to invest in the stock market is the decline in these prices, indicating that the supply of much more than the required shares, indicating that it was the result of increasing the capital of banks to 250 billion dinars,

Millionday: reflecting the negative impact on prices Alashm.obin the share price on the Stock Exchange It is not encouraging, calling for a review it in line with the level of ambition, as well as the increase will contribute to attracting the largest number of investors, whether they are local or foreign, explaining that the Securities Commission role in determining the share price.

He revealed Munther for the IPO now is the best investment as the content of profit and at the lowest risk.

Millionday: SO AS WE COULD EXPECT -- THE LACK OF UNDERSTANDING WITH SO MUCH ADVANCEMENT IN THE PAST WAR TORN YEARS IRAQ HAS EXPERIENCED IS CAUSING DOUBT AND LACK OF UNDERSTADING BUT -- KNOWLEDGE IS POWER SO THIS TOO SHALL PASS AS WE HAVE HEARD BEFORE -- SMILE

itsaboutjesus (IAJ) Millionday: does the report mean, those price change at ISX is currently taking place? or are they done? What's your take?

Millionday: THIS IS COMING PRICE CHANGES IMO

Millionday: NOTE -- HERE WE GO WITH BANKING CHANGES BEING PROMOTED AND RELEASED TO CUSTOMERS FOR TRAINING

Millionday: Hussein al-Tamimi Tgb in order to communicate with the largest number of customers and attract them to deal with the banks, in order to create a new culture in the banking behavior initiated the Iraqi private banks association to organize cycle to raise the bank staff capabilities in a detailed dealing with the customer, lured included 37 trainees from 37 banks.

Executive Director of the Association of Iraqi private banks Ali Tariq pointed out that the future plan of the Association of moving towards raising the efficiency of human resources in the private banking sector, pointing to the staff response with a lecturer at the first training session to organize in order to activate the relationship between the customer and the beneficiary and which will come eaten during the period Almqublh.tarq said: The Association heading to the advancement of banks own and make it capable of harmony and the requirements of the Iraqi economy through the promotion of all

Millionday: NOTE -- ALL BANKING REFORMS AND CHANGES IN SERVICE ETC IS BEING RELEASED TO CONSUMERS AND ALSO TRAINED TO A REPRESENTATIVE FROM EACH BANK SO THEY HAVE A RESOURCE AT THE BANK FOR ANSWERS TO COMMON QUESTIONS AND FURTHER TRAINING OF THE BANKING REFORM CHANGES

Millionday: lecturer at the session Amjad intense international expert in the banking deal said »Sabah« that Iraq is expanding in private banks the field, and the Movement of the Iraqi economy needs a banking sector that provides advanced services and has the ability to handle all the customers on the differences individuals and companies.

And he stressed the importance of expansion valuable set up courses dealing with the customer, where this trend represents an important step in attracting the largest number of customers, adding that private banks need to advancement in the detailed receive customers, which is one of the main pillars of competition between global and regional banks in this area.

Millionday: NOTE -- AGAIN KNOWLEDGE IS POWER SO THEY WANT IRAQI BANKS TO BE EMPOWERED TO BE UNDERSTOOD SO PROMOTION OF LOCAL BANK SERVICES CAN BE COMPETITIVE WITH GLOBAL/INTERNATIONAL BANKING /SERVICES

Millionday: Ahmed Hashemi, Director of Training at the Iraqi private banks association said that the training course is the first of its kind in this area, pointing out that it is the first episode of the series Tdrbah courses longer have Association under a plan in this Amajal.alhashima pointed out that the ASEAN Plan of Implementation contains two sessions per month with jurisdiction to include the largest number of Moazvin,

stressing the participation of more than 37 staff to acquire the knowledge to deal with the customer that rely on local and international banks .ofatt that future sessions will be keen to be practically and theoretically to raise the participants' experiences of training and be intense during several days ,.

Millionday: SO THE TRAINING WILL BE CRASH COURSES SO THEY CAN MOVE FORWARD QUICKLY -- HUGE

Pablo: What's going on with these laws they are supposed to be passing?

Millionday: THEY HAVE THEM IN PARLIAMENT -- THE NEXT MEETING BY WHAT I SEE IS TOMORROW BUT HAVE NOT FINISHED NEWS YET -- MAY HAVE SOMETHING ON IT

itsaboutjesus (IAJ) Millionday: do you have a DATE for these banking "crash courses"?? I would like to sign up and take a class or two for myself too; since knowledge is power, and I need some knowledge too ... if you know what I mean!

Millionday: SMILE -- THIS IS PART OF REFORM ACTIVATION AND WILL BEGIN WITH SEVERAL DAYS OF INFO -- I COULD GUESS VERY SOON BUT NO DATE GIVEN

Millionday: Joseph Zayer accounted for the reforms launched by the government Abadi popular interest and my organizations large packs, where unanimous academics and activists civilians on the need to support research in the ways of their implementation to the fullest.

In this regard established organization grouping Iraq in 2020, a round table to discuss the role of civil society organizations in implementation of the government to pack the reforms recently announced, and achieved in accordance with the best facial.

Millionday: and Dr. Ali Khudair Anbure head assembly, the role of intellectuals and civilian activists in general being wider than the role of civil society organizations where hardly be the role of organizations is very limited in the claims and define its role and general trends or their active participation in the formulation of urgent claims and thus access to imagine driving to assist in the implementation of the executive branch of economic reforms and various packaged recently introduced.

Millionday: NOTE --EXPERTS AND PROFESSORS ETC ARE TAKING THE ROLE OF TRAINING AND HELPING TEACH AND TRAIN IN ALL ASPECTS OF THE REFORMS ACCORDING TO THEIR EXPERTISE

Millionday: NOTE -- THIS IS REFERENCE OF ECONOMIC AND ACCOUNTING REFORMING

Millionday: He pointed out that the popular demonstrations called for improving the level of services along with various initiatives adopted by civil society organizations to enhance their role in the process of general reform and reform Economic in particular has presented programs in their watchdog role, pointing to the importance required in the implementation of these reform packages put forward by the government's investigation.

He continued: Prime Minister Haider al-Abadi has emphasized the role of these regulatory organizations at all sectors that the activation of the reform items to reach the best performance of the Iraqi economy and thus achieve the desired level to overcome the crises plaguing the country's economy.

Millionday: NOTE -- THE EXPLANATION TO THE DEMONSTRATORS IS OBVIOUSLY A VERY IMPORTANT ROLE

Millionday: NOTE -- SO EXCITING TO SEE WHERE THEY ARE IN THE REFORMS -- THE INTRODUCTION IS NOT A BAD PLACE TO BE

Millionday: He added Anbure «It is unfortunate to say, that the oversight role of these organizations did not have the required level during the period missed, and bears this deficit parties, where the government has various executive

and its leading economic process were not interacting with organizations civil society in facilitating the performance audit of the various economic sectors process and thus achieve the best results in the easiest possible implementation of the government's economic policy and tax policy

and other measures required for the implementation of development plans Almnasph.waodh that is intended not to government interaction with the organizations,

for example, by not activating the transparency required to enable the parties to reach to their goals best, where without access to information can not be accessible to regulatory performance acceptable level ».

Millionday: NOTE -- MANY REGULATIONS AND POLICIES DEPEND ON EACH OTHER AND MUST BE ACTIVATED TOGETHER

Millionday: NOTE -- KNOW THE IMPORTANCE IN WHAT WE ARE READING IS THE ECONOMIC REFORMS THEY ARE ADDRESSING

Millionday: The head of the assembly« It is well known that we do not have the law runs the circulation of information, and in this regard we demand the enactment of a law regulating access to information from the executive organs of the competent authorities in the performance of its supervisory role,

and this along with the other side is important is the crisis of confidence between the government and civil society organizations, as many of the government agencies dealing with suspicion and lack of confidence with those organizations and thus also demand the Pettmtin relations between the two parties ».

Millionday: The« ideals important to the lack of seriousness to deal with the role of censorship to the success of the various economic plans is a project inactivated to this day, a Charter of Partnership between the two parties is not passed in the House of Representatives has not been adopted by the Council of Ministers »

He continued« we come to an important observation about the reforms announced whether from the government or from the House of Representatives, noted packs it Without a timetable and the consequent benefits in the event of non-implementation, and here we note the size of the disability for the control of implementation without the knowledge of the time selections for each reformist paragraph,

Millionday: and then there is the adoption of limited relations with civil society organizations through the selection of just some of them always to the calls of various conferences and committees to work in sector specific,

here it is injustice where they will be the adoption of a regulatory device deranged not to call the appropriate organization in terms of specialization »

He called Anbure to the need to establish economic workshops and thus get a better perceptions to support the government's plans draw economic policies that guarantee their application development of our economy in the various productive sectors in parallel and thus overcome all the difficulties that hinder the role of each sector to contribute to the budgetary space to maximize resources and build our society to take real role commensurate with the size of the known and the most important of human wealth.

Millionday: SO AS WE SEE THE ACCOUNTING OF WHAT THE POSITIVE IMPACT WILL BE FOR THE COUNTRY -- GOVERNMENT --

AND CITIZEN WILL BE THE STEP THAT THESE WORKSHOPS WILL HAVE TO PROMOTE THE COUNTRY REFORM AND THE OPPORTUNITY THEY CREATE IN THE NEAR FUTURE FOR ALL THE REFORMS AND BANKING/ECONOMIC CHANGES THAT WILL COME FROM THEIR IMPLEMENTATION WE ARE SEEING --

Millionday: VERY EXCTING TO SAY THE LEAST -- THERE IS LOT MORE NEWS BUT IT IS LATE AND THAT IS THE BEST OF IT

http://www.dinarupdates.com/observer/

http://www.dinarupdates.com/blog/

http://www.dinarupdates.com/showthread.php?18990-Millionday-News-8-30-15&p=129134#post129134

The Truth About Philip Schnedier's Underground Base Incident

Philip Schneider died on January 17, 1996, shortly after conducting several controversial lectures throughout the US, including Denver where he covered topics such as, Space-Defense, black helicopters, railroad cars built with shackles, extraterrestrials and the secret black budget.

He was reportedly strangled by a catheter found wrapped around his neck – the bizarre death being dismissed by the authorities as suicide.

If the circumstances of his death seem highly controversial, they are matched by the controversy over his public statements uttered shortly before his death.

Philip Schneider was a self-taught geologist and explosives expert. Of the 1,477 underground bases around the world, 129 deep underground facilities of which were located in the United States, he claimed to have worked on 13.



Two of these bases were major, including the much rumored bioengineering facility at Dulce, New Mexico.

At Dulce, Schneider maintained, "gray" humanoid extraterrestrials worked side by side with American technicians. In 1979, a misunderstanding arose. In the ensuing shootout, 66 Secret Service, FBI and Black Berets were killed along with an unspecified number of "grays".

It was here he received a beam-weapon blast to the chest which caused his later cancer many have confirmed that a large scar indeed existed.

Philip Schneider recounts his encounter with extraterrestrials in the following excerpt:

"I was involved in building an addition to the deep underground military base at Dulce, which is probably the deepest base. My job was to go down the holes and check the rock samples, and recommend the explosive to deal with the particular rock.

"As I was headed down there, we found ourselves amidst a large cavern that was full of outer-space aliens, otherwise known as large Greys. I shot two of them.

"At that time, there were 30 people down there. About 40 more came down after this started, and all of them got killed. We had surprised a whole underground base of existing aliens.

"Later, we found out that they had been living on our planet for a long time, perhaps a million years. This could explain a lot of what is behind the theory of ancient astronauts."An fire exchange occurred between gray aliens and secret service personnel.

In the ensuing shootout, 66 Secret Service, FBI and Black Berets were killed along with an unspecified number of "grays". It was here he received a beam-weapon blast to the chest which caused his later cancer; many have confirmed that a large scar indeed existed.

Schneider maintained that numerous previous attempts had been made on his life, including the removal of the nuts from one of the front wheels of his automobile.

He had stated publicly he was a marked man and did not expect to live long.

"If I ever 'commit suicide'," Schneider told a close friend, "I'll have been murdered."Some of Schneider's more major accusations are worthy of attention:

1) The American government concluded a treaty with "gray" aliens in 1954. This mutual cooperation pact is called the Grenada Treaty.

2) The space shuttle has been producing special alloys in orbit. A vacuum is needed for the creation of these special metals, thereby justifying the mandate for a large, permanently manned space station.

3) Much of our stealth aircraft technology was developed by back-engineering crashed alien craft.

4) AIDS was a population control virus invented by the National Ordinance Laboratory, Chicago, Illionois.

5) Unbeknownst to just about everyone, the US government has an earthquake device. Neither the 1995 Kobe earthquake nor the 1989 San Francisco quake had a pulse wave.

6) The World Trade Center bomb blast and the Oklahoma City blast were achieved using small nuclear devices. The melting and pitting of the concrete and the extrusion of metal supporting rods indicated this. (Schneider's forte, he claimed, was explosives.)

Finally, Phil Schneider lamented that the democracy he loved no longer existed: we had become instead a technocracy ruled by a shadow government intent on imposing their own view of things on all of us, whether we like it or not.

He believed 11 of his best friends had been murdered in the last 22 years, eight of whose deaths had been officially explained as suicides.

Whatever one might think of Phil Schneider's claims, it's clear that he was of particular interest to the FBI and CIA.

His widow has stated that intelligence agents thoroughly searched the premises shortly after his death and made off with at least a third of the family photographs.

In the following video Philip Schneider talks about his experience and what the government is trying to hide, furthermore, the history of underground bases told by Richard Dolan and Richard Sauder.


In closing, I will reiterate what Phil said to a close friend:


"If I ever 'commit suicide', I'll have been murdered."

via ufosightingshotspot and projectcamelot.

Deception, False Light and Our Collective Evolution

September 2015 - Down The Rabbit Hole of Our Collective Evolution

23rd August 2015

By Simon Vorster & Jennifer Langstone

Contributing Writers for Wake Up World


There is much speculation and anticipation about September 2015. Many of us have been researching and trying to understand the potential outcomes of events such as the coming Blood Moon tetrad, the reactivation of CERN, the UN Genreal Assembly and Operation Jade Helm 15, while others are predicting everything from false flags to the realization of French Foreign Minister Laurent Fabius’ “500 Days to Climate Chaos” prediction, from the prophecied ‘End of Days’ cataclysm to the biblical ‘Judgment Day’.

What is really going on here?

Down the Rabbit Hole

On an energetic level, this is a time of unprecedented change. We are standing at a point our collective evolution in “space time” at which our life on earth and the paradigms through which we are experiencing them are radically shifting. In relation to the cycles of our solar system’s planetary movements, important astrological aspects of our last 5-year cycles are now completing at once, reflecting powerful completion on a very deep and complex level; and as a result, we will be seeing a dramatic shift in our collective consciousness taking place.

On the surface, the nature of these evolutionary shifts can seem incredibly bizarre, so we would like to share some understandings in the hope of offering some practical solutionsand guidance on how to navigate your way in the profound times in our cosmic evolution. The intention of this article is not to tell you what the truth is or what to believe, but to share some deep universal knowledge that will help to strengthen your intuition and empower your soul to know and recognize the true agendas behind information and events that you encounter, and to stimulate the expansion of your individual consciousness.

Try to stay open-minded as you read, and allow yourself to feel how this information resonates within you.

Natural law

In accordance with the new emerging paradigm we would like to share some thoughts around the 3 main principles that help cultivate a grounded understanding and awareness of this universe we live in.

Natural Law of Impermanence and Liberation

The natural law of impermanence reflects the natural cycles of change. Everything has a beginning that eventually leads to an end.

Many of us have come to truly understand this principle over the last two and a half years, amplified by the transit of Saturn through Scorpio. Spiritually, this law teaches us to value our moments here on earth and the preciousness of our impermanent lives, with all the emotions that accompany our experience of change. It also shows us our connection to everything as we all born from, and ultimately pass on to, the same place.

Natural Law of Involution and Evolution

In this dense material plane, it can be very hard work to align ourselves with the law of involution and evolution, which brings about the natural timing of life metamorphosis. To create a grounded perspective here, it is important to see that we are evolving and experiencing in cycles, and even though we would like to experience instantly and evolve in a linear fashion, this would be simply impossible. It would create total insanity.

Involution and evolution works in this way. Source (us) is a journey of learning. In this journey we experience expansion and contraction, similar to the breath of inhalation and exhalation. When we experience creation as the Source of all things, we learn through expanding and exploring. Then at some point, we begin the journey of contraction, of turning inward and returning home. This is actually a deconstructive process which leads to new opportunities. Thus the cycles of creation/evolution and contraction/involution represent the natural law of our cyclical journey. We are currently moving through a stage of involution, deconstructing our reality as we return home. This can be seen all around.

The Law of Karmic Return

The law of Karmic Return brings us into awareness of how we direct our motion of energy. This law reveals to us the nature of Cause and Effect, and that if we act out of balance, we will be shown the opposite effect. Currently amplified by Pluto in Capricorn (from 2008 to 2023), our reality is revealing to us how our past actions have brought us to the current state of the planet. It is so important to see that, on a very deep level, this is a very dark place far from home, so our collective journey back home cannot be done easily, or overnight. It will go on for many years. Our purpose right now, individually and then collectively, is to actively participate in clearing our karma by spending time seeking out aspects of ourselves that cause discord and disempowerment, healing them, and then bringing our knowledge and insight into the world in a way that helps to raise and heal the collective consciousness.

As we embark on this amazing path of self-empowered awakening, it helps to take into consideration that our sleep-state aids our awakening state — that our current awakening could not happen were in not for our slumber. Through the law of impermanence and the law of involution/evolution, we have become aware of our karmic story as a collective, and our own individual stories. This awareness is leading us deeper into our authentic connection to Source, and to the emotional sensitivities of unity, empathy, forgiveness and acceptance.

Deception, False Light and the Externalization of Power


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