How was the assassination of the Iraqi economy
16:00 - 07/10/2020
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Books / Zuhair Al-Maliki ..
We will drown the governments of the Gentiles in debt by encouraging them to borrow even though they may not really need to borrow by exploiting the corruption of the international administrators and rulers in order to reap two or three times the original loan, and when the reality of a very large debt appears and is forced The government, in order to pay the interest on this debt, to resort to a new loan, which in turn does not cancel the state’s debt, but adds another debt to it.
The twenty-first Protocol of the Protocols of the Elders of Zion.
Peoples who do not read history remain subservient and threatened forever. They are aware of the reality of reality except for the apparent, and they are unable to build the future. State building is a concerted effort aimed at strengthening existing institutions and building new, effective institutions that are able to survive and self-sufficiency, but when building a state, one must beware of the trap of ready-made global prescriptions, which are usually called "the most successful international practices." It is the duty of those seeking to establish development policies to exercise extreme caution when dealing with a set of general and applicable rules and lessons, which can be used in public sector reform or project management. There is no unique and comprehensive magic formula for sustainable economic growth that applies to all countries, and that the diagnosis of growth and the study of its main drivers and constraints depends on the "case-by-case study" approach, that is, by studying each economy in depth with its conditions, resources, size, level of development, history, and formal and informal institutions.
Post-2003 governments inherited the problem of foreign debts and the so-called first Gulf War compensation or compensation for the Kuwaiti occupation. The governments had two options, the first is to repudiate the debts of the previous regime due to the nature of those debts, in other words, in order to restore growth, the country must not pay the debts. An argument for that was available, namely Resolution 1483 of the UN Security Council in 2003, by which it recognized the Coalition Provisional Authority as the governing authority of Iraq. But Iraqi governments have received (advice) that trying to absolve themselves of their debts and not respect the debt, will make those governments lose support and financial aid from foreign countries that [You must be registered and logged in to see this link.] will need to rebuild its economy. In addition to losing international recognition of its legitimacy, governments decided to recognize the religion.
Here, the same method used by British banks in the Ottoman Empire after the year 1881 was recalled when they were able to effectively control the Sultan’s funds by controlling all tax revenues through what was known at the time as “Ottoman Public Debt Management”. It is a simple and easy method that is summed up in experts who receive high salaries, and who work through international institutions and development agencies or other foreign 'aid' organizations. They arrive in the country armed with their usual tools, which include misleading financial reports and ready-made forms called "standard forms."
As soon as they arrive, they begin two basic operations in their first work. Holding extensive meetings with officials in the country supported by "studies and figures" from donors or "economic experts" from inside the country who promote near bankruptcy, loss of salaries, inflation risks, and the need to resort to "donor" loans and plans for economic rescue. .
The second and most important process, which is carried out by specialized experts, is sent under the name of "financial experts" or "economists". The main task of these “experts” is to meet with workers in the ministries of planning, finance, oil and trade and select a number of them who will be most receptive and enthusiastic to implement the plans drawn up by the “donors”. This selection process is accompanied first by the elimination of any element that might obstruct the plans proposed by "international experts", even if that is by asking questions or objections to the plans proposed by "international experts". Protection is also given to the first select group of issue, isolation and dimensions to ensure the continuation of the approach proposed by “international experts” after they leave the country.
After completing these stages, the practical implementation phase of the ready-made plans begins, with a large government delegation meeting with a very large delegation of "donors", accompanied by media coverage to exaggerate the problems that can only be solved by "donors". This is what happened in [You must be registered and logged in to see this link.] after 2003. The process began with grants provided by "donors" under the slogan of helping the Iraqi people rebuild their economy. And those grants were to bring in a group of "economic experts" to study the economic situation of [You must be registered and logged in to see this link.] and propose solutions. Those aid focused on two axes, the first being holding conferences, seminars and workshops outside [You must be registered and logged in to see this link.] host workers in ministries and economic departments, and the second holding promotional conferences inside [You must be registered and logged in to see this link.] . The final outcome is a quote for solutions that have been applied in other countries and it is not a condition that has proven successful. The important thing is to present a large file containing forms and tables that confirm the need for [You must be registered and logged in to see this link.] obtain loans, especially since [You must be registered and logged in to see this link.] is an ideal country to provide loans to it due to the oil resources it enjoys that include Pay off the loan, no matter how large. In addition to the oil wealth, the geographical location of Iraq is very important. Iraq occupies a strategic position bordering [You must be registered and logged in to see this link.] Kuwait, Saudi Arabia, Jordan, Syria and Turkey. It has a coast on the Gulf, and whoever controls [You must be registered and logged in to see this link.] holds the key to controlling the Middle East. The years of economic blockade have made [You must be registered and logged in to see this link.] an important market for everything from complex technology to the smallest of goods.
The most important thing of all is the ease of leadership. All that the “expert” has to do is prepare studies based on which financial organizations agree to provide loans, with inexperienced officials surrounded by a number of PhD holders who are ready to burn incense in front of the official to persuade him to take the loan by using words Good governance, trade liberalization and consumer rights. As soon as the country enters into the loan cycle, the game is over. Donors that were seeking to provide loans will turn into committees to oversee the country's ability to pay off the loan and what they give with their oath as a loan, which will take debts and profits on their left side, and between this and that they acquire the country as a subordinate to them as they want and thus international financial organizations create Conditions that lead to the state's submission to the domination of the global financial elite, which runs organizations, companies and banks.
The strongest argument for persuading [You must be registered and logged in to see this link.] to take out loans was that of [You must be registered and logged in to see this link.] With his oil wealth, he can improve his economy through loans, but the creditors, like any creditor, are striving to impose a safety circle for themselves, to ensure the state's ability to repay, and thus set conditions and obtain full guarantees for their implementation, the first of which is to know all the details related to the country's internal and external economy, in addition to the budget State General. In addition, "donor countries" require international financial institutions not to provide any financial loan to any country in need unless that country obtains a "recommendation" report from the World Bank and the International Monetary Fund. In addition, it requires the presentation of a "logger of intent" to express their willingness to make "reasonable efforts" to achieve balance in payments problems. Here, the World Bank begins to impose its conditions that emphasize reducing the government’s budget to ensure the return of loans with interest. The first manifestations of the reduction are the reduction in the number of employees and workers, the start of laying them off or granting them unpaid leave, reducing the salaries of employees and reducing the wages of workers, canceling or reducing state support for education and gradually imposing fees on education in universities and schools to absorb social shock Cancel or reduce state support for health and impose fees On health and treatment with gradual steps, raising electricity prices, raising water prices, raising gasoline prices, and so the pension costs rise. Here, the role of a group of "experts" who were previously selected and protected to be presented under the name of "technocrats" to save the country and are marketed to them through the media to complete their role in eliminating the rest of the economy, whether in good or bad faith. With the exacerbation of the phenomenon of financial and administrative corruption, any loans will be swallowed up by the corrupt, and only tragedies will reach the people with the consequences of the debt.
Here comes the penultimate stage, which is providing loans to pay off the interest of old loans, i.e. refinancing the debt with more interest, which means that the state basically has to sell its resources, including many social services and utility companies, in addition to school systems - penal systems - systems Insurance and that all of this is subject to foreign companies and organizations. The last stage comes, which is leaving the country unable to pay its debts, especially with the low price of oil and the possibility of losing its importance within the next twenty years.
This scenario is not speculation or unseen, as it is the same that has been repeated in more than 70 countries, and has entered into the loan trap that, unfortunately, is being drummed up and "experts of chance" have not come out of it so far.