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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The dependence of the dollar ... and the collapse of the Iraqi economy!

    Rocky
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    • Post n°1

    The dependence of the dollar ... and the collapse of the Iraqi economy! Empty The dependence of the dollar ... and the collapse of the Iraqi economy!

    Post by Rocky Tue 22 Mar 2022, 8:26 am

    The dependence of the dollar ... and the collapse of the Iraqi economy!
    by[You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]36 Minutes ago
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    Samir Daoud Hannoush
    The Chinese-Saudi rapprochement, which showed its signs a while ago through military agreements in the field of armament and the demands of this Gulf country for Beijing to supply it with long-range missile and defensive naval weapons away from the American arsenal that used to meet most of the needs of this Gulf country, it seems that the aspects of this rapprochement and cooperation will expand and expand. Its areas include economic agreements and alliances that ultimately lead to political and regional understandings, especially after China’s intention to agree to buy Saudi oil in the Chinese yuan, an economic indicator with political dimensions that shows Saudi Arabia’s intention to move away from the hegemony of the US dollar and the possibility of it being affected by political events and international positions. At the same time, it relies on diversification in Sources of cash for the sustainability of a stable, secure economy without dependency.Gulf oil against the Chinese yuan, especially after the political and military defeats of America, the maker of the dollar and the world's dominance in this currency.
    The seriousness of the situation lies in the countries whose economy is closely related to the dollar and their dependence on that American currency, which penetrated into the joints of their economies, including Iraq, whose successive governments did not think, and throughout those years, to disengage its economy from the restrictions of this currency that wreaked havoc and destruction in the purchasing power of the Iraqi citizen, especially after the decision The government raised the price of the dollar against the local national currency in a reckless decision that only those whose imagination has left patriotism can take.
    The Chinese yuan in exchange for Gulf oil is a decision that may find expansion in implementation and action in the coming days in Gulf countries that seek to move away from unipolar dominance in a neutral economic system, but the most dangerous are the rebound strikes that this decision will cause on the Iraqi economy, especially since the alternative decision is absent from economic dependence And an indicator that may announce the beginning of an economic atrophy facing Iraq, which exports its oil in dollars to the extent that it is preferred over its national currency, which means the expectation of a possible economic catastrophe to topple this country, which is already economically collapsed.
    Some of those who have practiced neglect, mismanagement, lies and deception will find excuses, justifications and denial for such collapses and keep the Iraqi economy away from the collapse pandemic with naive pretexts, but these forget that any simple reader in the ABCs of the economy realizes that the spark of damage is inevitably coming to Iraq.
    From here, whoever controls the upcoming political scene must realize that the economy’s dependence on the dollar, which was produced by political dependence, will inevitably lead the country to collapse and decay that will bring everyone down in its deep valley, and that the diversity of monetary sources and the search for monetary alternatives for countries with a stable currency will remove the character of economic dependence and thus reject Political subordination is the outcome of that policy.
    The survival of the monetary value of the dollar at such a high level in Iraq only, and not in other Gulf countries, may be overthrown by other waves of cash that the Gulf countries seek in their commercial dealings, so that the dollar remains a currency of high value and fake in Iraq alone, and this is the economic collapse.
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