Guru mike "Iraq Needs to Do Something Now 9/6/17

by roxy22222222 Wed Sep 06, 2017 8:43 pm

Article: "Central Bank reserves below $ 36 billion in debt and up scary numbers!" We've watched the reserves drop from $80 billion to $36 billion over the past three years, heck, we extrapolated the loss after the first year and this is roughly where we thought they would be in 2017, give or take a few billion. Iraq is spending more than it makes, they're not adding to the reserves, they're cannabalizing it. Iraq's budget has had a $25 billion dollar deficit for the past three years, there's no ability to add to the reserves. This isn't unique to Iraq, Venezuela is going through the exact same scenario, they're down to $10.5 billion in reserves. Their currency has cratered, inflation is rampant and they're soon going to default on their sovereign debt. This is Iraq if they don't put a tourniquet on their problems and make immediate change. Emotions aside, Iraq needs to do something now if they want to have any choices for the future.

:yes:

by **RamblerNash** Wed Sep 06, 2017 8:55 pm

Gee...All the Gurus are saying that it's going to RV or has already RV'd. LOL

If there isn't enough money in the reserves to pay for everyone's Dinar with what they have right now, they can send Iraq spiralling downhill quick by exchanging it back to dollars and end the Iraqi Dinar Investment Scam in a heartbeat! LOL

Guru mike "Iraq Needs to Do Something Now 9/6/17

Guru mike "Iraq Needs to Do Something Now 9/6/17

Re: Guru mike "Iraq Needs to Do Something Now 9/6/17