Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

The Last Chance To Save Iraq From Inevitable Collapse !


DinarThug
 Share

Recommended Posts

CNN. Broadcasting The Reality On The Ground While Passed Out On The Floor !

 

 

 

2017/10/15 (00:01 PM)   -  

 

The last chance to save Iraq from inevitable collapse
 
'The last chance to save Iraq from inevitable collapse

 d. Mohammed Tawfiq Allawi 

The Norwegian government has issued a ban on the sale of any new liquid-fuel vehicles (gasoline and gasoline) in Norway starting in 2025. Today, the proportion of new cars sold in Norway with liquid fuel is less than 50% (50% Batteries, hybrid cars with battery and liquid fuel), followed by the Netherlands with a similar decision to be applied in 2025 as well as France and Britain since 2040, but at the same time we discover that these countries are moving towards increasing the purchase of electric cars due to increased demand of citizens, The proportion of electric vehicles is estimated Gene purchased in France in the first half of the year 2017 about 25% of the cars.

India has taken the same measure to be implemented in 2030. India's first motive is to increase air pollution from liquid fuel vehicles. Ten other countries have taken similar measures, such as Germany, Austria, Spain, Denmark, Portugal, Ireland, Japan, Korea and China, which now make up about 40% In the world; so far eight US states have taken similar action.

The above dates are set by state governments, but what is the reality on the ground? The surprising fact is that the desire of people to purchase battery-powered cars and to charge electricity on the ground is much larger and faster than the legal deadlines set by their governments, because people are very much attracted to their advantages and low operating costs. In the price of a car powered by electricity, if we compare the example of the Tesla (TESLA), a luxury electric car and a car with the same capacity and specifications of liquid fuel, the cost of liquid fuel in Britain, for example, more than eight times the cost of But when the first electric car was produced five years ago it was priced at $ 150,000, and now the price of the car from the same brand, but from another brand new for 2017 about 35 thousand dollars, and became The car is the first in sales ratio in the US market. Japanese company Nissan has begun to manufacture electric cars and sell them for 30 thousand dollars, and the prospects for the possibility of manufacturing electric cars by many international companies at a price of about 20 thousand dollars, became feasible in two or three years, and therefore will be priced parallel to liquid fuel vehicles With a very simple operational cost, a person who wants to buy a car after two years from now has no reason to prefer the liquid fuel car (gasoline) to the electric car with these specifications and the low operating costs !!!

Nearly all of the world's auto production plants have gone to produce electric cars, and many companies have decided to stop production of liquid-fueled vehicles only as a Swedish Volvo company that will stop manufacturing liquid-fueled cars alone from 2019.

The electric vehicles, as well as being economical, have many other advantages, not to pollute the environment and the low cost of maintenance, and developed specifications compared to the specifications of electric cars that were manufactured in the past, so the process of shipping in one night enough to travel distance of 350 kilometers and can be shipped by chargers Which is located in public places near cafes and shopping centers around the world, where when shipped for half an hour it will be enough to walk more than 250 km, and can walk at speeds of about 250 km / h.As a result of these features, global economic reports point to expectations that all global automakers will shift from making liquid-fueled cars to electric cars only, and expect full change by 2025 as people in the future do not want to buy liquid-fueled vehicles for high operating costs He would like to review many of the global economic reports on this matter, such as the report of the British Telegraph newspaper:
http://www.telegraph.co.uk/bus.....-report/ 

Economists are likened to buying a liquid fuel car in 2025 as a buyer in Today our Kodak camera depicts 20th century stage films. 

What is the reflection of this global reality on oil consumption and prices? 

Globally, about 68% of the world's oil is consumed as fuel for cars. This means that global oil consumption will fall by 2025 to less than 50% of current oil consumption. This also means that oil prices will fall sharply, Global outlook to a future price of between 15 and 25 dollars per barrel. 

How will Iraq's economic situation be in the near future?

Because of the lack of export of Iraqi oil in half due to the lack of global demand as well as the drop in oil prices by half or a third of the current price, oil resources will shrink significantly, and will not be sufficient oil resources to pay a quarter of pensions of employees in the government sector; In taxes and fees you will not be able to cover this huge shortfall, and the wheel of investment and reconstruction will stop completely. 
In addition, the construction of the Alesso dam in Turkey will be completed and completed within a period of not more than two years. The Tigris River will be greatly reduced and will become increasingly salty. This is exacerbated, and this is a major concern.
If you leave things on their faces. 


What is the solution?

Global reports indicate that oil prices are stable and even partially raised until 2021-2022, four to five years from now, after which oil prices will drop abruptly and consumption will fall rapidly. 
When I was Minister of Communications, I submitted an integrated study in 2011 to Prime Minister Nuri al-Maliki and sent copies to the General Secretariat of the Council of Ministers and all the governors in all governorates to develop the private sector and attract young people and graduates to work within their own projects and not rely on oil resources. But they have been neglected and nothing has been implemented other than the provision of concessional loans to the industrial and agricultural sectors by the Central Bank in 2015, but this will not be effective and achieves a real renaissance of the country if not within the integrated plan presented in my above study.
 
In 2012, it agreed with Booz Allen, the global consultancy, to conduct an integrated study to develop the Ministry of Communications and identify the weaknesses and transform them into a joint profit organization as a mixed sector that will serve as an example to be followed by other ministries. The project of the Smart City, the project of the central cable connecting Europe and the East of the globe and generating a great profit. On the country, the project of gates of entry, which has earned the ministry more than 60 million dollars annually, and the project of important information centers in Baghdad and several other provinces, as well as the security project for the security of Baghdad and security of the Iraqi-Syrian border, but all these plans were neglected after the Ministry, These plans do not check for those responsible


 In more than one TV program at the end of 2013 and the beginning of 2014, I have been alerted to the increase in global oil production on global consumption, which means the fall in oil prices, based on World Bank reports and other global reports; oil prices have already fallen in mid-2014, But if there was a sense of responsibility from the rulers at that time, he would move to develop an economic policy to diversify sources of income to reduce dependence on oil, but to develop a practical and effective plan to build a solid economy that does not depend on oil, as so many countries in the world do not own oil ? I can confidently say that this would have been possible if the real intention, sincerity, efficiency and a well thought out economic plan were possible!

In several television programs and articles published in the media in 2015 and 2016, she put forward solutions to how to put in place a sound monetary policy to reduce loans, but there was no sense of responsibility for those in charge. Iraq's debt to date is about $ 120 billion, Iraq is more than 60 billion dollars for the years 2015, 2016 and 2017, and now will owe more than 20 billion dollars for the year 2018, how will we pay these loans and their benefits ?! There are some defenders who claim that we will repay this debt from the rise of world oil prices! These statements are just fantasies, and unfortunately my talk in the valley and their hands take over things in another valley.

This is not my own analysis, it is for global economic studies; yet we still have four to five years to set up an economic policy to diversify sources of income and not rely on The oil resources only, to promote the country industrial and agricultural and all other fields of production are many and can generate income to compensate for the budget deficit easily with the need to bring about a revival in the private sector and develop it and open the doors of foreign investment, but what I fear is not the existence of economic policy wrong and incorrect For the country, but e Unfortunately, they do not even understand the meaning or definition of the term "economic policy". We have not heard from them the features, plans and objectives to be achieved in order to formulate an economic policy. Sound and correct for the advancement of the country To get it out of the quagmire of the economic crises it is experiencing today and to save it from an unknown and dangerous future far more dangerous than the deteriorating economic reality we are living today. I can confidently say that it will be our last chance to save our country from inevitable collapse.

link

  • Upvote 2
Link to comment
Share on other sites

10 minutes ago, DinarThug said:

 

Knowing Them -They'll Probably Just Jump To Try And Make All Of Their Problems 'Disappear'! :o 

 

:D  :D  :D 

 

 

 

https://cbi.iq/news/view/431

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies

15th October, 2017


To the Ministry of Commerce / Companies Registration Department (leave withdrawal)

file-150805509791628.jpg

 

Point well taken Thug - :twothumbs:

  • Upvote 2
Link to comment
Share on other sites

10 minutes ago, DinarThug said:

http://economy-news.net/conten.....hp?id=9383

Governor of the Central Bank heads to the United States to attend meetings of the IMF and the World Bank


1145.jpg 

15th October, 2017

The central bank announced on Sunday that the central bank governor has gone to the United States to participate in meetings of the International Monetary Fund and the World Bank.

The central bank said in a press statement received by "Economy News", "headed a delegation headed by the governor of the Iraqi Central Bank Ali al-Alak to the United States to participate in meetings of the IMF and the World Bank this week."

He added that "it is hoped that the meeting on the sidelines of the meetings of a number of central bank governors headed by the Governor of the Central Bank of Holland and the Governor of the Central Bank of Saudi Arabia," noting that "there will be a meeting with the Chairman of the Board of the Arab Monetary Fund in addition to meetings with a delegation from the Treasury and the Ministry of Foreign Affairs And many other economic and financial figures. "

 

Big News - Hoping it IS productive ! :goodnews:

  • Upvote 3
Link to comment
Share on other sites

The exchange rate of the dollar against the Iraqi dinar, in the markets of the capital Baghdad for today (October 15, 2017).Stock ExchangeSelling price / $ 100 = 126.250 Iraqi DinarPurchase price / $ 100 = 125.250 dinarsPosted on:11:09From:revenuerog1 uh....that's the wrong way folks!! We are not going to see anything soon if this is any indication

  • Upvote 1
Link to comment
Share on other sites

Therefore, we call attention to those responsible for nominating and selecting representatives of delegations to achieve a balance in the right choice of the diverse business sector  
because the current stage can not wait but accelerate the investment of the situation in favor of building and developing the country.

 

 

I found this part encouraging! 

  • Upvote 1
Link to comment
Share on other sites

DT, I get the desire to move away from fossil fuel. What will be used to make electricity? Won't be coal,  won't be fossil fuel - then what? Can't burn trees, don't want to use nuclear-powered, wind won't make enough. Just curious. Wondering what the tree huggers think how all this electricity is going to be produced. 

  • Like 1
  • Upvote 4
Link to comment
Share on other sites

7 hours ago, Sage449 said:

Just curious. Wondering what the tree huggers think how all this electricity is going to be produced. 

 

Just Have Them Stand Downwind From The Backside Of A Camel - And Feel The Power Of Natural Gas ! :o

 

:D  :D  :D 

  • Upvote 1
Link to comment
Share on other sites

From Bombs to Bytes: How Tech can Transform Iraq’s Economy

073A7004-e1493111046720.jpg

One of the big hits at this year’s Iraq Britain Business Council (IBBC) conference was the tech panel (pictured) with four leading Tech companies using tech to deliver their unique services: Zain Telco, launching Zain Cash, Restrata who offer cyber security to the traditional and emergent digital economy, and Gulftainer, the logistics to connect Iraq to the world of commerce and Inevert, a start-up tech investor.

There is a clear appetite and ambition in youthful Iraq to connect with the modern world and repurpose the Iraqi economy. The digitisation of the Iraqi economy could usefully transform several objectives in one swoop and be a massive agent of positive change:

Prime is the need to diversify the economy away from reliance on oil and gas. Iraq has plentiful supplies of oil but the price is volatile and the country still needs to find employment for millions of young people. Digitising the economy would not only provide hundreds of thousands of jobs, but connect the economy to the modern world virtually and in reality.

A bi-product of tech will enable the rapidly growing young generation, who are numerate and tech friendly, to have engaging jobs and fulfil aspirations, instead of a distractive poverty and extreme ideologies.

Secondly, Tech as a transactional mechanism also drives transparency, especially when money is concerned. Tech bypasses corruption: It’s no secret that Mastercard is seen as a benign influence in eradicating fraud and corruption in emerging economies. Likewise, Zain cash now offer online payments via Facebook for entrepreneurs to sell their products and services.

Not only does this open up e commerce to millions of naturally entrepreneurial Iraqis, but also to people and markets  in the wider region, along with options to pay for advertising and marketing support. All this  without the need to pay middle men or bribes. Tech is ‘the agent’ of transparency, for the people and for government.

Finally, Tech is an agent of cultural transformation and change – as people engage with each other in social media, collaborate in business, and young people learn from educational programs , as Maeve Walsh of UKs DCMS says, the UK Government conducts swathes of its civic, electoral and societal business via the internet. Likewise Iraq can transform government activity within the country, and ‘Iraq Tech’ can also change external perceptions of the country .

What can make this happen?

Much of the infrastructure is already in the country through the private sector: Zain telco and its Zain cash wallet- Restrata have the cyber tech to protect businesses and Omar Hussan of Inevert is eyeing opportunities for investment- along with Zain, who also intend building a tech hub in Baghdad.

Clearly much more investment is required into the emergent start up economy, and despite availability of the free ‘Google skills,’ the government needs to embrace tech education, infrastructure and online transactions- but the private sector can already see entrepreneurial commerce as the driver of change.

With a young and educated population of natural trading entrepreneurs, keen to get on with their lives, it’s only a matter of time before the country leapfrogs less liberal countries in the region. Iraq has been held back for too long, but now could be the time the dynamism of the people, their access to electronic platforms, and relative stability could be the trigger that pivots Iraq into a golden age of tech.

LINK

  • Upvote 2
Link to comment
Share on other sites

Zain Cash is a mobile wallet, money transfer, electronic bill payment, funds disbursement service, licensed by the Central Bank of Iraq and launched in late 2015 by Zain and Iraq Wallet. ZainCash allows users to deposit, withdraw, transfer money and pay for goods and services via their mobile phone.

  • Upvote 3
Link to comment
Share on other sites

Don't get me wrong but I do not concern myself let alone empathize with what will happen with Iraq's economy 20 years into the future do to the world jumping on the electrical car wagon. Particularly if our dinar hits 3-1 anytime this year 2017. I am out of IQD should it hit 3-1, 2-1 And into a diversified investment portfolio shortly after the RV actually occurs.  

  • Upvote 4
Link to comment
Share on other sites

12 hours ago, Sage449 said:

Always said fats should be used to fuel cars. 

 

                           Agreed. And great MPG too.

                      Not sure about emissions though. :D

 

xwyRp4.gif

 

Edited by King Bean
  • Upvote 2
Link to comment
Share on other sites

15 hours ago, new york kevin said:

Don't get me wrong but I do not concern myself let alone empathize with what will happen with Iraq's economy 20 years into the future do to the world jumping on the electrical car wagon. Particularly if our dinar hits 3-1 anytime this year 2017. I am out of IQD should it hit 3-1, 2-1 And into a diversified investment portfolio shortly after the RV actually occurs.  

Amen to that!! Me too.

  • Upvote 1
Link to comment
Share on other sites

IBBC DELEGATION MEETS BASRAH GOVERNOR
Iraq, October 17, 2017 

On Thursday 12th October a delegation of IBBC Members, led by Baroness Nicholson, Honorary President, met with H. E. Mr Asaad A., the recently appointed Governor of Basrah. The meeting took place in the Governor’s office, included a Lunch and lasted until the early evening.

The Governor presented his plans for Basrah and asked the company representatives how they could contribute to help achieve his ambitious objectives. IBBC members used the opportunity to introduce their companies and their services to the Governor and to participate in a wide ranging discussion with him.

Mr Rasmi Al Jabri, Deputy Chairman of IBBC, who facilitated the meeting was delighted with its many outcomes. He said that with Mr Edani at the helm of the Governorate the Province had a real chance to develop and modernise. He further commented that IBBC and all of its members stood ready to support Governor in his crucial work.

The IBBC delegation included representatives of the following companies: Basrah Engineering Group, Basrah Chamber of Commerce, Dar Al-Handasah, Ernst & Young, Garda World, Gulftainer, International Islamic Bank, Khudairi Group, Pell Frischmann, Penspen, Petrofac, Raatba Contracting Company, Restrata, Rumaila Operating Organisation (ROO) and Solar Turbines.

The meeting was also attended by Dr Ali Nasir and Phil Sherwood of the AMAR foundation.

businessnews

 

http://iraqdailyjournal.com/story-z16057605

  • Upvote 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.