Latest topics
mike is hoping something relevant changes...in the coming day.
4 posters
Page 1 of 1
Re: mike is hoping something relevant changes...in the coming day.
mike
9-4-2016 Newshound Guru mike Abadi promised a crack down on corruption and a replacement of quota based politicians based on their merits, technocrats. So far, he's got 33% of the corruption measures (in his own words) in place and we still don't have a Interior Minister, Defense Minister or technocrats. Abadi promised the citizens a robust and growing economy by using the private sector, how's that working out? We still sit and wait on banking and economic laws to support the CBI's move to Article VIII... The AML is the only significant piece of legislation to come out of the Abadi camp, even the Amnesty Law is flawed on many levels. ...do I think Iraq is the same as it was three years ago...
...I would say no, nothing is static. Can they get it done? Sure.
Am I following these guys with the hope and confidence that nothing can stay this messed up forever? Absolutely. I believe the dinar will appreciate in the future... I just don't jump up and down every time an Iraqi politician says they're going to do something because nine times out of ten, they don't do anything, they just give lip service to the citizens and whoever they're trying to borrow money from.
Here's hoping something relevant changes...in the coming day.
09.04.2016
~~~~~~~~~~~~~
Article: "Economist: 2017 investment budget will not be implemented because of the magnitude of the deficit" Quote: "It is said that the Prime Minister Haider al-Abadi, said he was determined price of $ 35 per barrel of oil within the 2017 budget, noting that the 2017 budget suffers from a large deficit to a lack of oil imports, compared with a rise of employees and retirees salary cap."
This guy is spot on about the investment side of the budget, its a figment of imagination.
If Iraq pumps 3.5 mbpd at $35 or $40 a barrel, that's only $50 billion annually, that's just enough for payroll.
AUG 29 2016
From what I've read, the IMF is trying to get rid of this kind of stuff but even with that, there's nothing left for infrastructure or government owned enterprises, oil won't cut it anymore.
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: mike is hoping something relevant changes...in the coming day.
Surprise!!!!!!!!
I remain,
Just4Tom74
I remain,
Just4Tom74
Just4Tom74- VIP Member
- Posts : 833
Join date : 2016-08-07
Age : 81
Re: mike is hoping something relevant changes...in the coming day.
this is what is relevant in Iraq. first thing Iraq is very good at setting up commettees to study things and upon finishing they form new commettees to restudy there results. secondly they always say in the coming days. the only problem is the days turn into weeks and weeks into months.now thirdly they are great at suckering other countries in borrowing money and either never paying them back or paying at a reduced rate so they never really have to increase the value of there currency. fourthly there gov is so widely corrupt they rarely pass any laws good for the people because it will upset the apple cart.. some of our astute gurus claim that the new Iraqi electronic stock market was supposed to start on sept 1 did it? on sept 8 or 9 the 2017 budget is supposed to be approved will it I highly doubt it. all the laws that were supposed to be passed are no put off to after there break on the twentyith. so as Iraq is you will be lucky to see anything done till after 2017
Last edited by Jayzze on Mon Sep 05, 2016 12:53 pm; edited 1 time in total
Jayzze- VIP Member
- Posts : 5986
Join date : 2011-06-23
Re: mike is hoping something relevant changes...in the coming day.
Yep! Delay Delay Delay..... Sound familiar?
I remain,
Just4Tom74
I remain,
Just4Tom74
Just4Tom74- VIP Member
- Posts : 833
Join date : 2016-08-07
Age : 81
Re: mike is hoping something relevant changes...in the coming day.
Even IF Iraq decided to make a decided and determined push to move away from an oil based economy to say a manufacturing or agricultural based economy today, it would be 5 to 10 years before it would begin to become a reality. Not only would they have to build critical infrastructure, they would need to build the factories or processing plants, train workers and develop markets.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: mike is hoping something relevant changes...in the coming day.
Hey, Maybe that is where I can get a job.....nnnnnooootttt
I remain,
Just4Tom74
I remain,
Just4Tom74
Just4Tom74- VIP Member
- Posts : 833
Join date : 2016-08-07
Age : 81
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Today at 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej