Message to the Iraqi government

POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

[size=52]Message to the Iraqi government[/size]

[size=45][You must be registered and logged in to see this image.][/size]
[size=45]Shawan Zangana[/size]
2022-04-24

[size=45]In the name of of Allah the Merciful[/size]
[size=45]The Honorable President of the Republic of Iraq, Dr. Barham Salih[/size]
[size=45]The Honorable Mr. Muhammad Al-Halbousi, Speaker of the Iraqi Council of Representatives[/size]
[size=45]The Honorable Prime Minister of Iraq, Mustafa Al-Kazemi,[/size]
[size=45]The respected Iraqi Minister of Finance, Dr. Ali Allawi,[/size]
[size=45]The respected Iraqi Minister of Foreign Affairs, Dr. Fouad Hussein[/size]
[size=45]M/ Iraq's investments in US Treasury bills and bonds[/size]
[size=45]It is not hidden from you, dear gentlemen, the economic, health and security crises that the world suffers from as a result of a chronic hybrid war that is heating up little by little, starting with the Ukrainian crisis, passing through the crises of the Middle East and the China Sea, spreading disease, and rising inflation rates in all countries of the world, and the pace of Military confrontations, which prompted the world to take the necessary measures to confront disease, hunger and war, those three pests that gnaw the skeleton of humanity, and threaten its survival and sustainability.[/size]
[size=45]In light of these crises, capitals search for safe and low-risk havens, such as gold, silver, commodities, the dollar, and the euro, and avoid high-risk safe havens such as securities traded in the markets and stock exchanges, and cryptocurrencies.[/size]
[size=45]Gold and the dollar compete to attract capital, in the midst of these burning and aggravating crises, as gold provides its investors with good returns in light of its continuous and steady rise in its price, due to the high global inflation rates, which is considered the fertile hotbed of gold, as gold is considered the best safe haven in an atmosphere of inflation, This is despite the rise in the global dollar index, which crossed the 100-point barrier.. Despite the rise in the dollar index, and the US Federal Reserve’s confirmed decision to raise the interest rate by 0.5%, and reduce the size of the monetary mass of the dollar in America, all of this did not prevent, and will not Gold is prevented from rising, for reasons, the most important of which are:[/size]
[size=45]First: the high negative interest rate that the American economy suffers from, the current interest rate in America is less than 1%, while the inflation rate is 8.5%, and this means that the interest is lower than inflation by about 7.5%, meaning that the interest is negative by (- 7.5% ), and this will push the capital to buy gold to protect it from inflation, which the dollar is unable to secure, and this is also the reason for the decline in global central bank reserves of the dollar to less than 60% of global monetary reserves.[/size]
[size=45]Second: the global financial markets' conviction that the world is unable to rein in inflation in the foreseeable future, that is, the next two years at least, and this raises the appetite of these markets to possess gold instead of the dollar to secure protection against inflation.[/size]
[size=45]Third: The high frequency of conflicts in global conflict hotspots, especially in Ukraine, which generated a conviction among global financial markets and global political decision centers of the possibility of an expansion of the Ukrainian crisis and the outbreak of a wide war. In this case, all banknotes, including the dollar, would shrink, and paper money would lose a lot of Its purchasing power against the amazing rise that will happen in the prices of goods and luggage, and gold will come at the top of the list of luggage whose prices will rise significantly.[/size]
[size=45]Iraq invests more than 20 billion dollars in US treasury bills and bonds, with low annual interest, and much less than the inflation rate.. Whatever the reason for this investment in the past, today it is a failed investment, fraught with risks, and inevitably harms the interest of Iraq, and only benefits the US treasury. Which fills its deficit with these investments, and then uses them to achieve its internal and external ends.[/size]
[size=45]So, dear gentlemen...[/size]
[size=45]I believe that it is necessary to expedite the sale of these papers, and to buy gold bars in place of them, and to add them to the central reserve, in order to save the national wealth from wastage, free it from serving the foreign economy, and be able to use it freely and under national sovereignty, not to mention that any crisis in the American economy Or in US dollars, it will reflect negatively on this investment, and those bills and bonds will turn into printed papers that have no value even in washing hands.[/size]
[size=45]This is your responsibility before the people, dear gentlemen.. Have I not reached, oh God, bear witness![/size]
[size=45][You must be registered and logged in to see this link.]