[cruiser] Anyone catch on CNBC that Iraq is suppling crucial and very much needed oil to Syria?? So Iraq is doing Humanitarian work!
[chillimac] Any news coming in?
[barb] jack1977 hello love
[mbillions] chillimac :bighug: :bighug:
[puppylove] cruiser hello
[cruiser] Russia to become Iraq's second-biggest arms supplier: http://www.bbc.co.uk/new ··· 19881858
[Maryrose] cruiser How is Maliki able to run amuck over and over again???
[cruiser] weneedit ok. Do not buy food. Buy weapons. Last time I checked, they do not taste to good. lol
[cruiser] RFrost lol
Read More Link on Right
[moonchild] klee123 it is the UNSC which has to release Iraq from Ch 7 and Russia is a member of the UNSC.
[Maryrose] moonchild ahhhhhhh
[cruiser] Maryrose that is what we r lead to believe.
cruiser] weneedit with what? dinar, that is worthless?(or atleast we are to think that). USD, that is going to be worthless to Russia (once Russia sides with China and dumps the dollar).
[deb2blessed] cruiser could you please share your view on how this will come out??? will it BAM be out world-wide in an instant IYO? Thanks
[cruiser] deb2blessed yes. Suddenly.
[deb2blessed] so unless the banks here have a rate and are ready to exchange our currency--then nothing else really matters
[moonchild] cruiser Putin has already been quoted as saying that the ruble would be a better reserve currency than the USD and that he would like to see it replace the USD.
[deb2blessed] so unless the banks here have a rate and are ready to exchange our currency--then noth
[cruiser] moonchild may find out very soon.
[moonchild] cruiser even Lagarde has come out in favour of changing reserve currency, but she talked about changing to a basket, not to one other currency.
[cruiser] moonchild in order to change, something has to get dumped.
[moonchild] Retchie08 I think that the USD will get dumped as reserve currency, Vic says that the world would not dare do that
[Jeff] moonchild what middle class will replace the spending?
[cruiser] Jeff The new one that will be created.
[moonchild] Jeff what middle class is the question? there is very little middle class anywhere any more.
[Maryrose] moonchild we have a big middle class still. It has taken a beating the last 4 years but it is still huge
[moonchild] Jeff the one that does not exist yet. Ok. But will this really be a middle class or somewhat above that in most cases?
[cruiser] spades sure their will. The job creation that will be created from all of this, will actual give the middle class plenty of work.
[Jeff] moonchild cruiser both above and same it will take a little while but quickly stated I am sorry I am so vague
[moonchild] Maryrose what has been happening globally is a loss of the small manufacturers and stores, and the owners and executives of these make up a large part of the middle class.
[cruiser] moonchild r u talking about Dinarians? well yes is the answer to that. I am talking about the big picture.
[klee123] what about us that will be over 60 by the time the new middle class comes into play; too old to work, maybe
[Jeff] klee123 can you imagine the job vaccum created by people leaving their jobs coupled with new growth in new firms created out of this hugh realignment? Wow very big news
[cruiser] Jeff that is here in the states. What about the properity that the WB and the IMF are talking about for the word? Bigger things to surface lol
[Jeff] cruiser macro economically the world will be better off but lastly evil still resides
[Jeff] cruiser cruiser I was speaking for the globe not the USA by itself
childofgod] The banks are being sued by the govt
[cruiser] childofgod the government is no different than a person who is broke and just fell on your side walk. THEY NEED MONEY!!!!
[moonchild] cruiser yes, I think that is the plan. But beyond that, come analysts are suggesting that the government is sueing the banks in order to lose and protect the banks from other lawsuits. Interesting idea.
[childofgod] rustyc I'm not watching it, but heard that something happened with the govts bailouts of the banks and now the banks are liable, so the lawsuits. Sorry I dont know the specifics