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KFTA Chatter  3/14/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

KFTA Chatter 3/14/18

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Post by Ssmith on Thu Mar 15, 2018 9:39 am


Libertyu8 » March 14th, 2018

I don’t know if the budget will be signed or allowed to ratify itself, but it seems like it has to be out by the 21st. I know the RI doesn’t need it, but won’t those new taxes force a move or else hyperflation, I believe was said here. My question is when will those taxes really hit and force Iraq into the corner? Hopefully they don’t need that to move.

Alison: Makes perfect sense. Either they talk about "new taxes" on the citizens and never enforce that new law--which would be a big problem but part of the pattern that has happened for the last 13 years over there. The budget is opened not later than after being passed reflecting trillions... and life just goes on as before.

Lots of talk but literally no real change. Gee why does that remind me so much of what happens in Wash D.C.?

OR... Abadi is really what we all hope he is--different from Maliki and the other clowns who have governed that poor country for the last 13 years.

If the government of Iraq really implements the new tax law, then Abadi literally does not have a choice but to RI. Because when that happens it seems to me he has deliberately painted himself into two separate corners:

1) His repeated promises to the LL in Kuwait; and,

2) the new tax law.

IMO this seems to be not just "checkmate". It's double "checkmate" He loses all credibility with the International world while inflation in Iraq spirals out of control.

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