"RV UPDATE" BY FNU LNU, 26 JUNE

 Fnu Lnu 

  Article Quote:  "Member of the Parliamentary Legal Committee, Raed Al-Maliki, (not to be confused with Nuri Al-Maliki) reviewed...the laws that will be read after the end of the legislative recess of the House of Representatives. Al-Maliki pointed out, 'The Oil and Gas Law and the Federal Supreme Court Law are basic laws and at the same time they are controversial laws, so I do not think they will be advanced during the second legislative term unless the government completes them.”  

The HCL is not on the front burner...The excitement/speculation about the HCL being at the front of the line just isn't true.

[Response to the IBBC debate video 6-23-2024 below] 

 The exchange between Dr. Tabaqchali and Professor Gunter was very enlightening...Iraq is suffering from the same ailment as the United States...over-regulation and hostility towards the private sector...Bureaucratic strangulation...[In] Iraq, it is from the fact they were Internationally punished for something they didn't do and over punished by extending the punishment far too long...By over punishing, you breed a class/population of super criminals who become more savvy and more bold, accomplished by the crooked government being the bulk of employment opportunity. 

 ...They must downsize the government by 1/2 and reduce regulations. The more important step is to revalue the currency using a hybrid model where they substantially raise the value of the Dinar and by backing half of that increase with gold and oil...By removing the bureaucratic barriers, business could start quicker and for less capital...

As it has been demonstrated in the United States under Reagan and Trump, tax reduction and deregulation cause fast and substantial economic growth...It is also my opinion that Iraq is working up to such a dynamic albeit they are acting too slowly and could miss the window of opportunity.