The market is soaring in Iraq. Why it is all happening.
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Posted By: Marta Fernandez on October 10, 2008 If you can imagine,that America no longer controls world markets, then you can understand what is happening. And unless you have developed a global perspective it's difficult to comprehend, when the media that is depended on to disseminate information blithely believes everything that so called experts tell them. The Iraqi Stock exchange is not as sophisticated and grand as Wall Street and evidently it does not have to be. The Global crunch is not affecting them. The secret is old fashioned money management The Capitalist created idea for credit does not exist. Financial planners tell us to cut up our credit cards, or consolidate bills into one and try to pay the bill in its entirety at the end of the month. That same control of assets based on "real value" works for us and it works for billionaires. Culture plays a part, because in Islam the Koran(Sharia) forbids the charging of interest. Christian financial advisors tell us not to overextend ourselves in credit. The Iraqi Central Bank does charge a fee, we call it percentage, but it is a fee for the cost of business. If their profit is made on the basis of oil remaining at over $80.00 dollars a barrel, even without fancy mathematical formulas, one can see how they have made incredible amounts of money on the high oil prices . It appears that the "Paradigm Shift" by Alvin Toeffler has arrived. I plan to look into Saudi Investments. Earlier this year an African American Construction firm won a 2.2 billion dollar contract to work with the Saudi Development General Authority to build malls and mixed use facilities. Jobs there from receptionist to engineers are available. I thought about it, but having to still take care of my family prevented me from realizing those thoughts. I have noticed that the billionaires are not talking. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Marta Fernandez
From Queens, NY CUNY -Queens College class of 1985 Member Since July 2008 |
Comments
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You are right. The billionaires are not talking. Buffet gave a brief synopsis last week, though. Saudi investments---hmmmmm. Once again, you are right in that their market doesn't appear to be crumbling one iota. I think it is time to review Fall of America by the Messenger, too.
Friday, October 10th 2008 at 10:55PM |
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I like what you brothers are saying..why can't we pool our "little" money together into a substantive amount make something happen?
Saturday, October 11th 2008 at 10:23AM |
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I will pick up the book from Mosque #25 or go to Harlem. Thanks
Saturday, October 11th 2008 at 10:28AM |
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Market is going to soring the all formation on this it was good to read the all aspect on this that was useful. I need to have the all data on this that was on www.resumesservicesreview.com/resumewritinggroup-com-review/ this was belong to the company that work on this city since long among the all aspect on this.
Saturday, June 15th 2019 at 8:02AM |
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