Frank26 Videos and Walkingstick Late Tuesday Night 3-10-2020
KTFA:
Walkingstick: Br..... rock---- > hard place
The financial economic catastrophe is coming to Iraq as soon as we imagined
3/10/2020 6:20:40 PM Baghdad / Obelisk:
Dr.. Thaer al-Fili
The financial economic catastrophe is coming to Iraq as soon as we imagined.
And it started today: with a decrease in the Brent mix (Brent oil), which is the global measure of the price of oil, it began today at $ 32 per barrel (after what was before the spread of the Crohn’s virus at $ 62) ((The cost of our production in Iraq is now $ 12 per barrel) means our net resources decreased from ($ 50 per barrel - $ 20 per barrel.) Meaning that the annual budget resources decreased from ((80 billion dollars - to 32 billion dollars only), meaning that the annual budget deficit will rise to more than 60% .
This deficit will cause a complete collapse in the Iraqi economy if it continues for another year. It will cause the state to fail economically and the possibility of declaring bankruptcy completely. Which means the collapse of Iraq as a country and becomes one of the economically failed countries.
And the nature of the national collapse means that Iraq will completely lose the state’s fundamentals, and it is natural for division, fragmentation and civil war, and this is what we warned of during years, especially during the past few months.
What are the urgent exceptional solutions that stop this collapse and the methods of dealing with the required economy immediately and how to deal with it?
All sincere patriotic economic researchers are required to advance this responsibility and engage the entire Iraqi people with an urgent and exceptional awareness campaign, especially the youth of Iraq, to ward off the deadly threat to our country, compel politicians to change their approach, and leave the economy in the hands of professionals to preserve and preserve the country and change their failed policy.
Stop being unjust to this country.
http://almasalah.com/ar/news/189064/ The financial-economic-disaster-is coming-for-Iraq-as soon as we imagine
Walkingstick: (Snippet) Thanks Samson..Two recommendations that are currently being floated....
Samson: He proposed measures to confront him .. The Sudanese: the budget deficit reached 60 trillion, and the revenues will not cover the salaries
* Determining _ or preventing _ importing unnecessary goods to allow the local product to cover the needs of the local market and what it represents by generating job opportunities and maintaining the currency within the country.
* Reconsidering the currency auction and adjusting the dollar exchange rate, so as not to burden the poor class.
Al-Sudani concluded by saying, "These are the most important measures to confront a budget whose deficit is estimated at (60) trillion dinars and revenues. If the barrel of oil continues to be sold at $ 30, it will not pay the salaries of employees and retirees." LINK
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THIS IS ALL IN FRANK'S OPINION
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