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Friday, April 12, 2019
Friday, April 12, 2019
Behind the leap of the Chinese economy is their saying (it does not matter if the cat is white or black as long as it eats rats). There is no doubt that our economy is very weak on the development side because of the cross-link between consumption and development.
When we compare our economic and developmental process with the experiences of developing countries, the results are not encouraging, as long as we do not define the problems of the relationship between state capital and private capital. This is the source of the accusation within the contradictory economic system between the same capital flows and the mechanisms of transferring the sources of wealth abroad. Or keep their surpluses in regional banks.
The pretext of stability and the maintenance of the standard of living by monetary policy will remain an insignificant priority in the movement of capital and the conflict between the capital of the state and the capital of the state and its rent forces.
Therefore, our monetary, financial and economic policy should be drawn up to reach our economic identity to be a clearly defined infrastructure. This financial challenge has resulted in a lack of confidence in saving to become the third or fourth country to import gold for the hoarding; to join trillions of dinars outside official and banking trading, Against the dollar and after a short period of time, the gold holder pays the dinar to benefit from the currency pairs as a legitimate hedge against the traditional interest.
This is a process of recycling that is not productive, but only a confrontation of expenses due, although the guarantee of gold free of any risk, and thus expand these directions of non-productive and unnecessary to become a sale installment payments and excessive to buy the dollar and repay it in installments convenient until the Umrah
The power of the consumer trend always comes at the expense of production as the cost of production increases against the random importer or programmed dumping and other economic complications that have negatively affected our government and private factories and most of the manufacturing industry, as well as the agricultural and animal product
Thus, non-developmental loans are a patchwork and not a solution to the extent that they reinforce the current approach, which is determined by the currency market, which promotes consumerism on a daily basis, in order to reproduce the market economy and its requirements. It is not innocent after consuming consumption in all its manifestations. Money laundering and corruption of receivables.
We hope that the decision-makers and those responsible for the economic file will thoroughly review the financial and monetary deviations that took place in the previous years, and go beyond the mismanagement of our economic resources.
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