Mnt.Goat "Making Sense of it All" 4-9-14 Part 2

Mnt.Goat "Making Sense of it All" 4-9-14  Part 2

04/09/2014

Status of  2010 IMF Reforms

This is a very hot topic now and I am getting lots of emails on this these days. So I need to address this and clear up some issues.  Is the USA holding up the RV by holding up the acceptance of these reforms?

First let me say the USA has not yet approved the 2010 IMF Reforms although the US Senate has overwhelmingly voted to accept them. The reform bill was never even sent to Congress for a vote. So the answer to this question is Yes, Yes and Yes again.

The USA is absolutely. positively holding up the process of the GCR and has been doing so since December 2013 when the IMF was all set to announce the final stage of the global reset.

They have been working with the USA to try to settle any differences but have come across a strong resistance to change. 

 You are not hearing much about this on the daily news because the USA government wants to keep this out of the mainstream news media and out of public ear as much as possible.

The USA government knows this it is a delicate issue and if the appox USA 5,000,000 dinar holders really knew the truth about why we still wait for the rollout of Iraq revaluation and GCR they would be very angry.

This would mean loss of democratic votes in 2016 election for sure. Just another issue that President Obama has fumbled and the timing could not be any worst for him.

 These reforms are all about reforming the quota system of the International Monetary Fund and the situation in countries with developing economies. As I tried to describe in prior news letters a huge part of the global reset process is to bring these developing countries into the 21st century and give them the recognition and power they deserve in the global arena.

There is a meeting on April 9-11 (starting today) of the finance ministers and heads of the central banks of G20. It  will be held in Washington D.C.  .

What will be primary on the agenda of this meeting?

The hot top of the agenda are the issues dealing with non-acceptance of these reforms by the USA The Spring gathering of the International Monetary Fund is here. China, Russia and other major developing nations are angry about a delay in reforms that give them more voting rights at the IMF.  

So you see now the countries are pushing forward with the reforms without waiting for the United States.

Skeptism is growing about the new powers within international systems. What impact will this have on the USA and the programs promised them if they would buy into the reform process (which they are not)?

Still the saga continues as Britain this week made a stab at attempting to urge the US Congress to approve reforms. In a recent public address, British Finance Minister George Osborne said quote: "The failure of the U.S. Congress to ratify the agreed IMF reforms is bad for the institution and bad for the international community. I urge the administration and Congress to act to pass them now."

 Most of the IMF’s 188 member nations have approved the reforms, which were originally hammered out in 2010. But opposition from the House and Senate Republicans have blocked efforts by the White House to pass the reform. Experts say it’s crucial for developing nations to have a seat at the table.

The guts of this process of the IMF global reset is based around how countries are supposed to deal with their currencies, their  reserves. These are some of the big, big questions on international finance. These are really negotiated out at the IMF with the member countries.

So for these countries, who had not had much of a voice in the international rules of the game, when they were substantially poorer and smaller than they are now.  Now that they’ve grown so rapidly and their economies are so large, they want a seat at the table.

They want to be able to participate in shaping the rules that they would partially have to live by," said Bruce Jones, senior fellow of Brookings Institution.

 If the US Congress gives the reforms a green light, it would make China the IMF’s third-largest member. It would also revamp the IMF board, reducing the dominance of Western European nations. Some analysts say US lawmakers are concerned about relinquishing power to some emerging economies.

So why the rejection by the USA on these reforms?

 White House news media version: First Congress is traditionally fairly skeptical about international institutions and that’s been true since the founding of international systems.

Second, there’s a lot of skepticism about China’s intentions on issues like currency reform and third, now, unfortunately there’s a lot of concern about Russia.

And because this package was negotiated in a context where sort of all the emerging powers see their shares rise, there’s now a new preoccupation about seeing Russia’s shares rise, even though Russia’s shares will rise by a tiny fraction," said Bruce Jones, senior fellow of Brookings Institution. Let us not now forget about the issues in the Ukraine with Russia ( a recent development).

 Reality: My impression is the USA simply does not want these reforms and maintains an attitude that they prefer keeping these countries as their playground for manipulation and corruption, corporate greed and resource extraction rather that as responsible, honest  players.

If they raise up their status so will their standard of living, fairer trade agreements, and the people of these countries will have more say on what takes place in their own country.

They will get educated and eventually take control of their own destiny. Such practices as labor rates, labor rights, corporate agriculture and so on….it will all change. The IMF reforms are just the beginning of a long process of freedom and independence from the long reach of the USA corporations. Better days are coming but without a struggle.

Meanwhile while this struggle is underway we all sit in wonder as to why we have not yet seen the GCR. We can’t figure out what might be the holdup…..lol…..

Summary

Technically the long term strategic plan for Iraq called for us all having exchanged our currency by now and the project to delete the zeros ending this year of June 2014.

Yes- that was the original plan.

The fact that the IMF has high-jacked the RV process in 2010, as part of the Global Reset process, has caused many delays in the process and much pain for Iraq and for us speculators.    

 So in retrospect let us look at the big picture and put the pieces together to sooth our minds that this RV is going to happen and happen very soon.

 We can see that there is little influence with the 2014 election process on our RV process.

The budget hype is just that and I would leave it alone and forget about it. It is also not an indicator of the timing of the RV.

 Iraq is now ready to be ascended fully into the WTO, something they have worked so hard to accomplish. Tons of articles this past week on this topic. All good ! did you read any of them?

Again this is not driving the RV but puts enormous pressure to get it done. The final page to this event is to have an international currency needed for Chapter 8 requirements of the UN charter. The readiness to join the WTO does put yet even more pressure on the IMF to rollout Iraq’s new rate to the international investment community.

 They know Iraq is going to be a primary donor nation (how could they not be since they are one of the riches nations on the planet? ) and the IMF has built their dues into part of the payments needed to kick start the IMF reform process. This is all good!

 There are issues with the GCR process but nothing that is not going to be resolved shortly  one way or the other with the USA. Meetings are now taking place starting today 4/9 through Tuesday 4/15 and I believe they will have a solution at that time. There are workarounds and there is a plan in motion too but the USA will suffer the consequences in the long term. You will suffer the consequences in the long term.

Once again corporate greed comes first and the USA government bows under to the will of the corporate entity to set national policy.

If the American public really knew what these bastards in Washington are truly doing you would be so shocked beyond belief.

I would not even look for an RV announcement until after April 15th. 

I know for a fact Iraq has been given the green light by the IMF to go ahead and complete their part of the currency reform project. They are moving forward.  

 The timing could not be any better since Maliki is about to lose in the elections. I am positive he will not be re-elected and soon Iraq will have a more honest and transparent government. Enough is enough !  Finally they will move forward.

 As an outsider, like yourself,  looking in at Iraq I can say I am simply amazed that a country like Iraq with so much wealth, potential for prosperity and abundance does not yet have a global currency worth anything.

But we all now know why. Are you putting the pieces to the puzzle together yet? Are you beginning to see the big picture?

This should remind us all of the fact that politics still plays a major role in formulating priorities on nations as to what is good for a country instead of honest people dictating policy for the good of the people.

All politicians should be using  good old common sense and considering the needs of the citizens of that country first. Maybe someday it will all change and the so called waive of middle eastern democracy will truly be a democracy in Iraq.

 Peace and Luv To Ya,

Mnt Goat

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