9-11-2012 Milndollarbabe: I never say rate or date but merely try to follow a roadmap that I think will lead us to where we want to be. I try to go by benchmarks set up by official organizations.
Those are where my level of comfort lies. It's our responsibility to learn what we can for OUR lives and how it will affect us. I can't imagine the people that just sit and wait for others to tell them what to think. I never believed it would help the world economy the way that everyone is saying it would.
Now the way it will help imo is the countries that hold reserves can benefit through oil purchases and trade. What will save world economies is for people to get smart and stop out of control spending and entitlements. I've never really thought about the currencies all revaluing at the same time and all that stuff. Bailouts can continue, but until the underlying problems are resolved, it's a temporary thing.
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9-11-2012 BOBGETZ6: There has been so much done. We are way past where we were last year. If there were not so much greed, dishonesty and political posturing, we would already be where we want to be and that is out of the IQD. (Do you believe that if it doesn't happen in September, it won't happen until after the election?) I really have no idea, nobody does. If I were to guess, I would say much sooner than later as the world's economy needs it now.
9-11-2012 Dalite: The CBI seems to be building it's case for compliance to the IMF, rather than trying to defend questionable charges of money laundering. It does show the need for exports other than oil necessary to eventually free themselves from demands of the IMF.
Here's hoping the upcoming Economic Summit will attract some turn key, Shovel Ready investors. Iraq desperately needs to develop the private sector to achieve economic stability, and move away from the punitive effects of relying on oil to carry the country. Either develop other methods of production, or learn to eat, drink, plant, build with, and drive Oil.