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Med 9-27-11 #3

Unread postPosted: Wed Sep 28, 2011 8:52 am
by admin
9-27-2011- Med I GOT SOME VERY INTERESTING NEWS...ABOUT THE MEETING THAT SHABIBI HAD WITH THE IMF AND WB. THE IMF AND WORLD BANK RIPPED SHABIBI, TOLD HIM HE WAS TOTALLY AT FAULT FOR THE ECONOMIC FAILURE IN IRAQ. THAT HE SHOULD HAVE REVALUED LONG AGO. HE TOLD THEM THAT THE GOVT WAS NOT STABLE. THEY TOLD HIM TO NAME ONE THAT IS, THAT THERE IS NO PERFECT CONDITION AND THAT THE REASON NO ONE WAS INVESTING IN IRAQ WAS IRAQ HAD NO TRADEABLE CURRENCY AND THAT YOU CANNOT SAY YOU ARE GOING TO A FREE MARKET ECONOMY THEN DONT HAVE A TRADEABLE CURRENCY TO MAKE IT WORK. THAT HE WAS PRETTY MUCH THE REASON THAT MALIKI HAS LOOKED LIKE AN IDIOT AND NOTHING WAS DONE ON THE ECONOMIC SIDE. THE VERBAL INTERPRETATION IMPLIES AN URGENCY TO REVALUE THE DINAR NOW.