Wednesday, May 9, 2018


Blackgold    funny how oil price almost doubled but Iraq can't fund itself--yea right
dinard    chattels i think since they have arguably largest oil reserves that it would increase value. just my opinion
chattels    dinard I am a confessed macroeconomic moron.
dinard    chattels samesies
dinard    chattels i wonder what kind of precious metals they export as well
chattels    dinard Could not be much as historically oil is 90-95% of their revenues.

Blackgold    Iraq has all kinds of minerals and some of the most ancient strains of wheat in the world, before Mosantos got there
dinard    chattels Oil: US$52.5 billion (99.3% of total exports)
Gems, precious metals: $214.5 million (0.4%)

Fruits, nuts: $53.5 million (0.1%)
Raw hides excluding furskins: $30.7 million (0.1%)

Plastics: $13.3 million (0.03%)
Electronic equipment: $9.2 million (0.02%)

Woodpulp: $9 million (0.02%)
Machines, engines, pumps: $7.2 million (0.01%)

Gums, resins: $4.4 million (0.008%)
Medical, technical equipment: $2.7 million (0.005%)
Dinard    chattels only thing that could impede the main export of oil is demand going down with rising oil prices but i think that would not affect them do to oil prices not rising because of reduced demand
Tebow     so basically they export about 55 billion.... Nothing!
dinard     Tebow number would rise if oil prices rose though wouldnt it?
Chattels    Iraq's budget when oil was $ 100 + / barrel was never more than about 130 billion.
dinard    xyz am dinard newbie. please explain lol
chattel     Iraq's revenues have always been short of their budget.
dinard    xyz also younger person floating around here so can not call me kiddo no more
blackgold    Iraq is virtually desert, what budget do they need
chattels    blackgold There are 32 million people with needs.
dinard    chattels well if their value based upon exports hasnt increased why would one assume IMF would value them back to their old value?
blackgold    thats all
dinard    blackgold i think socal   is more populated an iraq lol
blackgold    lol
blackgold    We don't export crap, how do we support 4 humdred million
chattels     dinard I no longer believe that any value approaching the guru numbers will eventuate.
blackgold     What is our biggest export?
dinard    chattels perhaps it will float float once they stabilize their security and tap into more of the untapped crude oil supplies. they still seem to be working on their oil drilling and transportation infastructrure
dinard    whom the heck knows thats the fun lol
Tebow    The United States exported $2.3 trillion in goods and services in 2017. That generated 12 percent of U.S. total economic output as measured by gross domestic product. Exports are a critical component of GDP.
America has the potential to export much more. That's because only 1 percent of U.S. businesses export. As a result, the United States is the world's third largest exporter.
dinard    Tebow wow amazing figures. imagine if up to 10% exported
dinard    Tebow would be MAGAnificent
Tebow    blackgold     Crude oil, fuel and other petroleum products: $109 billion. This is one of the fastest growing areas of US exports, up 37% in just the last year.
Civilian aircraft and aircraft engines: $99 billion. This is what makes Boeing (BA) the nation's largest single exporter.
Auto parts, engines and car tires: $86 billion. Many of these are shipped to assembly plants owned by both US and foreign automakers in Mexico and Canada. It's one of the reasons losing NAFTA would be so hard for the auto industry.
Industrial machines: $57 billion.
Passenger cars: $53 billion. American auto plants supply much of North and South America with cars, and also ship to other markets as well. BMW's largest plant is in South Carolina, where it builds all of its X series SUVs. Last year it exported nearly three-quarters of the 371,000 cars it built there, making it the biggest car exporter in the United States.
Pharmaceuticals: $51 billion.
Top U.S. service exports
But the goods that the United States exports only tell part of the story. Services are the biggest US export, with total foreign sales of $778 billion last year. Indeed, the United States has a $243 billion trade surplus in services, which is good news since service industries account for 71% of US jobs.
These are the service industries that bring in the most money:
Travel and transportation: $236 billion.
Finance and insurance: $76 billion.
Sales from intellectual property: $49 billion. This includes software, movies and television shows.
blackgold    Lol thats a joke ,we don't manufacture anything, our biggest export is empty containers that go off shore and come back full
Tebow    blackgold wrong again
Dinard    Tebow ditching NAFTA would bring automakers back here and export from here so wouldnt it increase passenger car exports?
Tebow    yes
blackgold    It was dumb americans that created NAFTA
Baxterthat was just about the time this country went to hell..
blackgold     thats for sure
Tebow     Clinton
dinard     blackgold smart americans who made our country less valuable for their own backdoor gains. evil people arent dumb
Baxter     just try and find a drill bit... a saw blade... practically any electrical tool... a flashlight...radio....practically anything that is actually made here.... I do know of one... Henry rifles.... every piece is american made...
dinard     Baxter my sig sauer p229 was made in exetor new hampshire
blackgold    I pray President Trump can turn this around some how,but the only way to fix it would be to crash it and redo it
Baxter     good...
Dinard     5-8-2018 Newshound Guru Chattels [wouldnt their value of dinar increase since value of oil increased since thats all they export?] Oil income is not sufficient to fund a substantial increase in the value of the dinar many would argue.

[i wonder what kind of precious metals they export as well?] Could not be much as historically oil is 90-95% of their revenues…Iraq's budget when oil was $ 100 + / barrel was never more than about 130 billion.
dinard    you may all refer to me as chattels side kick now lol
JoeSmithI    raq requests membership of the European Bank for Reconstruction and Development
The Iraqi government filed a formal request on Tuesday for the European Bank for Reconstruction and Development (EBRD) to take advantage of its support.
Reuters quoted informed sources today (May 8, 2018) that Iraq has made a request with a letter recently, and will discuss the request for membership when the sixty-six governments, which now form the structure of the bank's shareholders in Jordan.
"We can confirm that we received from Iraq an application for membership with the aspiration to become a country of operations," the bank spokesman said. "This is a matter for shareholders to have an opinion on and decide on."
If Iraq succeeds in these endeavors, the number of countries with which the Bank now operates will reach more than 30 countries.
The European Bank for Reconstruction and Development (EBRD) was established in 1991 to help former Soviet countries become free market capitalism. The Bank is currently operating from Morocco in North Africa, Central and South-Eastern Europe and even Mongolia in East Asia.
JoeSchmoe    dinard chattels isn't a guru, he doesn't call it.
JoeSmith    Doesn't that resemble the process of an article 8 request??
JoeSmith    Walkingstick posted that and nobody noticed it. How can they request to trade with 30 nation's with the dinar without article 8???
dinard     JoeSchmoe precisely why he is my guru
dinard     JoeSchmoe hes a real **ninja
JoeSmith    How can they trade with 30 nation's without article 8? It sounds to me they are already article 8 but need this approval to get the banks to trade with them!
dinard     JoeSmith thats a good question. im still researching IMF regulations. if you find an IMF by law or loop hole or even proof that they are in art 8 im all ears on whatever info you bring and will consult my new guru. please come back with info so i can research in that direction as well!

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