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ONE Indisputable FACT


rockfl9
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ALL of Iraq has just ONE MAJOR source of income - Oil/Gas Revenue PERIOD... Today at $65 per bbl the TOTAL is about  $75-80 Bn per YEAR .  IEA estimates that the price wont change much next year UNLESS the voluntary controls are violated which will only   lower the price . SO no matter what value they might change the dinar to , the entire budget of the country is tied to the price of oil. Oil in the GROUND cannot put bread on the Iraqi's table. There are no schemes that can change that. THERE is NO magical solution.

The GOI has in the past solved the general unemployment problem by adding more government workers and the last two IMF Art iV  reports have pointed that out as a problem. 

Iraq is facing one big problem IT gets  more people every year. IT cannot hire and pay them all.  It will soon hit the wall.  If it were not for government subsidies there would be major poverty and civil unrest today BUT those problems may not be far off.  

They talk of reducing the dependence on oil BUT they are looking for outside investment to do that .. However I do not see any serious movement in that direction .In reality Iraq has little to offer. Insufficient electric and water limits industrialization .  

I am eager to see what they are going to propose in the next budget! 

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One point on the IMF Arti IV .  I am sure that The MOF  gets a look at the report before it is released and can ask for some changes.  It would not serve any purpose to point out  specific failures of the government. It would always tend eto report things as areas for improvement even if there was  some actual foul ups. So the reason for delay may simply be the need for a little wordsmithing.  

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I’m new here. But the other indisputable fact is....

 

wait for it....

 

YOU are the guy that goes to the club and says all the women are stuck up cause you (tried) bought them a drink and they won’t dance w you lmao. 

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18 hours ago, Arceo said:

I’m new here. But the other indisputable fact is....

 

wait for it....

 

YOU are the guy that goes to the club and says all the women are stuck up cause you (tried) bought them a drink and they won’t dance w you lmao. 

Great Analogy!!!!! Rockfish is a perfect example of what a true LOPster is. An Ex-dinar believer turned Monday morning currency expert. He's writing a book, making a movie (so has said for years), & protecting his church going friends and family.  And he wonders why NO one takes him seriously. Guru's & Lopsters  are kissin cousins cuz they believe them amd them alone know all when it comes to Dinar. If you take both with a grain of salt ( comedy at its lowest form) you'll find life a lot more enjoyable.

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  • 3 weeks later...

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