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Insulated from global woes, Iraqi stocks soar

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posted on Oct, 12 2008 @ 10:20 PM
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Insulated from global woes, Iraqi stocks soar


www.msnbc.msn.com

BAGHDAD - While the rest of the world is facing a financial meltdown, the Iraq Stock Exchange is booming.

The ISX index soared nearly 40 percent during September, boosted by increasing confidence in security gains.

(visit the link for the full news article)




posted on Oct, 12 2008 @ 10:20 PM
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Hahahahahahahah . . . Ain't that a para hahahahahah -- sorry. Ain't that a paradox?

I'm not sure if it is. In Iraq, George Bush is considered a criminal by nearly half of the population. It only made sense for the Iraqis to use their experience and isolate themselves from the international crooks who built an insane global financial empire to be led to the financial abyss by the USA, the Great Restorer of Democracy, Tranquility, Financial Stability and Relentless Supporter of Economic Growth.

www.msnbc.msn.com
(visit the link for the full news article)



posted on Oct, 12 2008 @ 10:29 PM
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reply to post by stander
 


This is probably because Sadam was smart enough not to have a STUPID Greenspan running his Central Bank lowering interest rates and creating a housing bubble in his country.

At least under Sadam's regime a "Greenspan" would face retribution for his actions; perhaps public stoning or firing squad would be suitible, instead here in the U.S. he gets praises and called a "a financial wizard", no the "maestro" here in this country gets paid for huge speaking engagement to profess how smart he is and how stupid the market is for being led by the nose for his jackassery.



[edit on 12-10-2008 by Gateway]



posted on Oct, 12 2008 @ 11:37 PM
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reply to post by Gateway
 


This seems to be a twist of fate. Saddam knew that any military resistance was futile, so he decided to threaten the US finances by spreading the word around about Iraq taking only euros as a payment for Iraqi oil. That was a grave mistake: Petro-dollars are essential part of national security; Saddam was messing with the ability of USA to borrow and run its deficit at will. So George Bush flew in and hanged Saddam's ass.

But now the fate of petro-dollars is at stake. US currency is becoming a worthless paper and euros may save the day -- depending on how the Europeans come out of the financial trouble.



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