Iraq Worries of U.S Dollar

[trooper]

Iraqi economists analyze the implications of U.S. indebtedness

July 28, 2011

Source: CBI

Raises the worsening debt crisis of U.S. government that over 14 trillion dollars and the consequences of an impaired ability to pay raise interest economists Iraqis about the possible negative impact on the local economy.

In his analysis of these implications, said adviser to the CBI the appearance of Mohammed Saleh told Radio Free Iraq that “the occurrence of Iraq within the area dollar, which constitutes 87% of the volume of trade payments and more than 60% of the total cash reserves of the countries 99% of the value of Iraqi imports from the sale of crude oil, “which is its market mainly on the calendar sales prices of crude oil in dollars,” makes the national economy in the blown Wind any economic crisis plaguing the U.S. currency. ” He added that the rise in the total size of the debt of U.S. government to close to the total size of the gross domestic U.S. public and $ 15 trillion dollars a year “would be very difficult to addressing the debt if it is almost impossible,” as he put it.

but Saleh expressed his optimism that the U.S. administration can in time to prevent exit of its debt crisis of control, the fact that this “has its risks of sovereign strategy for the future of the United States as well as the international community is quick to help address the crisis because it threatens the economy as a whole.”

In further analysis, economists warned Iraqis that “there is no before the Iraqi government in the short or medium of any effective solutions to reduce the negative effects of acute aggravation of the debt crisis the U.S. on the national economy if not addressed within the United States and within the time limit is possible for this treatment.”

In this regard, , noted professor of economics Mustansiriya University Dr. Abd al-Rahman al-Mashhadani, that “the collapse of the dollar likely will, when they occur automatically to the collapse of the value of sales of Iraqi crude oil, and upon which the state budget by at least 99%” not to mention the link-state total for Iraq’s dealings economic since 2003 and so far the U.S. dollar. “

For his part, called economic expert, Dr. Hilal Al-Taan Iraqi authorities to “accelerate the transfer of as much as possible from the cash reserves of Iraq to a basket of other foreign currencies such as the euro and the pound sterling” in order to minimize possible negative effects of the continuing debt crisis U.S. government on the economy of the country.

[easyrider]

well, all i have to say is the GBP im guessing that they might pegg it to when they decide to revalue some of the intel we have heard about them pegging it to the british pound might have some truth to it.

Edited July 28, 2011 by easyrider

[Quietlearner]

Well they need to get to the pinning, pin it, stick it , tape it, glue it ........For G sakes RV it. !

[Mstr_William]

Well they need to get to the pinning, pin it, stick it , tape it, glue it ........For G sakes RV it. !

When the **** hits the fan it'll stick. Don't worry about that!

Come on RV!!!!