Here we go again with the budget hype, I don’t know how many times I have to address this. Questions this week, “but BWM they’re voting on the budget, that has to mean something”. It sure hasn’t meant anything in the past, why? Because of all the times they have voted the budget in, they have NEVER fully implemented it.
There is too much made of any budget voting news. I will admit I felt a little different last year when they decide to pass a three year budget, but then just like always, they failed to implement it. Even the vote Monday isn’t for a new budget, it’s to amend the previous one. But if you look at the history, in three of the past ten years, 2014, 2020, 2022, they didn’t even pass a budget. So how does a country not operate with budgetary constraints? In the past they just borrowed money against oil revenues. The problem isn’t the oil revenue like most want to push on the negative side, it’s the fact that while Iraq’s public sector has grown fourfold since 2003, it’s that salaries comprise more than a quarter of the 2023 budget. Think about it, how do they announce the budget 153 Billion DOLLARS. Sure they may, as a footnote, add how many dinar it is. Why do we think the USD reserves are so large? To cover any problems they could run into with their own currency. We heard that in January they would only accept dinar for transactions, the problem was, was that there were stipulations on the on how you could STILL use dollars and it’s continued. Why else would they still have auctions?
So what are some of the winners for the week? Wolverine: “It’s been a very emotional day. I will be having a very special live call. We are just inches away from getting that opera out for you guys. We are finally nearly there. My last call is Fri. 31 May 8:30 pm EST. Good! Done! Get off the sites and shut your mouth. If you say it’s your last call, there’s no callbacks, you’re wrong or right and move on. So if you’re wrong, keep your trash info and “this is it” noise out of site. Accept you’re wrong and just let people relax.
Frank26 Article: “Parliamentary Finance confirms the readiness of the budget tables for voting in Monday’s session” I BELIEVE IN JUNE 3rd FOR MANY THINGS TO COME TOGETHER. They are amending the budget, “many things to come together”, like what would that be? Way to hint for something to happen there Frank. Here’s what can come together, you can call the “team” and tell them to take a break, their info hasn’t panned out yet either, see the lower denoms in the ATM’s if you need clarity. Stop trying to read things into every font you pull off some news site.
Pimpy: Trump did not buy Iraqi dinars. You realize Trump has been tied to Iraqi dinar way before he was the president? …You have to be careful about where you’re getting your source from…There are no articles out there that confirm this at all…There’s no, and I mean none, proof out there that Donald Trump owns Iraqi dinar… well there’s the first common sense thing this guy has said. “Be careful where you get your source from”. Problem is, is just because you don’t have proof something doesn’t exist, doesn’t mean you have proof it does. Trump is a billionaire and was way before he became President, don’t you think he’s divested in a number of investments? Does he hold gold, other precious metals, foreign currency, or a 1986 Ford Pickup truck? You can guess on any of those, but you can’t prove or disprove all of them. Just because no one posted it on wikipedia pimple, doesn’t mean it’s not true. Be careful about where you’re getting YOUR sources from!
Well that’s about all the fun I can have for the day, check back and don’t forget to send your questions to [email protected] and we’ll do our best to address them.
BWM