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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

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    The Collapse Has Begun... 8 Revelations About the Truth About Iraq's Economy

    Rocky
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    • Post n°1

    The Collapse Has Begun... 8 Revelations About the Truth About Iraq's Economy Empty The Collapse Has Begun... 8 Revelations About the Truth About Iraq's Economy

    Post by Rocky Tue 10 Sep 2024, 4:49 am

    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]The Collapse Has Begun... 8 Revelations About the Truth About Iraq's Economy[/size]

    [size=45]An economic researcher identified 8 latent weaknesses in the Iraqi economy, commenting on fears of economic collapse, describing the collapse as having occurred a long time ago, and the fluctuations in oil prices prolonging or accelerating the final collapse.[/size]
    [size=45]Economic researcher Munar Al-Obaidi said in a clarification, “With the decline in oil prices and the unprecedented rise in operating expenses, with current expenditures growing by more than 30% and revenues declining by 16%, the most important question arises: Is the Iraqi economy facing a crisis or a collapse?” He pointed out that “the factors of sustainability of any economy depend primarily on the diversity of its sources and the control and planning of its expenditures.”[/size]
    [size=45]He explained that “we cannot expect the sustainability of an economy in which more than 500,000 researchers enter the labor market annually and is unable to create productive job opportunities of more than 20 to 30 thousand opportunities at most, and an economy based on sales of one commodity and whose prices are not controlled through one outlet and in only two countries.”[/size]
    [size=45]He continued describing the Iraqi economy as “an economy based on a deteriorating business environment in which the private sector has no role in turning the wheel of the economy, an economy that adopts the private sector and has patronizing laws and legislation that give preference to the public sector, a consumer economy based on an unprecedented consumption pattern without production having a role, an economy that employs more than 6 million employees with almost zero productivity, an economy marred by corruption, lack of transparency and inequality of opportunity, an economy that does not have foreign investments and is unable to attract them.”[/size]
    [size=45]He considered that "the collapse happened a long time ago and the fluctuations in oil prices are merely an extension or acceleration of the collapse process and the manifestations of the collapse will be faster than the decline in oil prices."[/size]
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