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04-07-2007, 08:27 PM #381
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When there is confidence in any currency, stability and growth are the next to follow..
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04-07-2007, 08:33 PM #382
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04-07-2007, 09:47 PM #383
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I tell you what guys, this clip made me almost physically ill. I only have one thing to say and that is we are so fortunate to live in the USA and I just want to thank our armed forces for helping to keep it this way and anyone else that has anything to do with our country. THANK YOU! THANK YOU! SO MUCH!
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04-07-2007, 09:50 PM #384
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I agree with your point on debt relief. Iraq is far from achieving the necessary debt relief to initiate a reversion/revalue. Ther will be so many disappointed on this and other forums when the HCL is finally passed and the revalue does not happen. Rest assured there will be an excuse pending.
As for security I beg to differ, the security in Iraq is getting better every day. The MSM has made everything seem so helpless in Iraq yet schools are still being built and ho****als are coming back on line every day. The violence in Iraq in not much different than the street gangs that roam the inner cities of the US. There was a comparison I read that showed the violence in the inner cities of the US exceeded the violence in Iraq...oh and as a side note, Iraq is a war zone btw.
A reversion will happen when debt relief is actually accomplished and not just a pipe dream on some forum and when the fdi increases to support a fast growing economy.
My thoughts
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04-07-2007, 11:53 PM #385
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I don't know to what extent debt relief is a player here, but I find it hard to believe that 100% of the debt needs to be eliminated before an rv takes place. Grant it they can't have staggering debt, but 80% of debt from all countries owed I think would be the magic number. Is it not curious that the standard 80% line has been mentioned for several years now? What is 80% debt relief based on and why is it that important?
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05-07-2007, 12:37 AM #386
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05-07-2007, 01:04 AM #387
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True ALL debt does not have to be relieved. Without substantial debt reduction (80%) across the board you will not see the much anticipated revalue/reversion. If you do a side by side comparison you would see that Iraq is very close to the economy of the country before Saddam plunged them into massive debt. On or about that time the dinar value (market value) also tanked. Again a side by side comparison reveals that economically Iraq is on par for a strong economy, with one exception....massive debt.
My thoughts
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05-07-2007, 01:05 AM #388
Debt by Country
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05-07-2007, 01:09 AM #389
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05-07-2007, 02:00 AM #390
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