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rockfl9

Global Reset !!!!

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Not the reset  the GURus were looking for.   Instead of an asset based economy we have hell bent wide open credit bulge. The USA and EEC can do it because their bonds can sell.

To combat CV governments are giving out money to keep people fed and housed while they self quarantine. This is a world wide economic bomb no one will escape. 

Iraq is broke and it's credit stinks. There is little help in sight. The best they have to offer is a measly 25,000 emergency hand out. THey don't have enough reserves to pay May salaries at the present rate.

They could FLOAT but Abadi  is right it would be a bad deal for poor Iraqi's . THe only option is to issue more dinar and forget about growing the reserves. YES it means devaluation in banking terms but for Iraqi's a reasonable solution for the short term.

The first order is to save the country at any cost.

 

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