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Is there a country that could experience a greater economic growth that Iraq in the next 20 years?

Asked by: Trader 129 views , , , , , , , , ,
Day Trading

im looking to get in to currency trading and the strategy i will be focusing on when i do is investing in developing nations. so on my Army funded all expense paid vacation to the lovely sands of Iraq in two weeks i was going to start my collection of dinars, maybe a couple million. the main reason i have faith in Iraq is because of all the oil fields that will be back in operation one day, but i figured i would ask around to see if there is another country that looks like would have a better chance to succeed

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  1. rundown73 on Feb 15, 2011 Reply

    One of the main factors that determines a currency’s value is the ability of it’s government to pay it’s debts. So while Iraq does have a lot in oil, they are also likely to see some pretty heavy debt from the American contractors that are in there, and they are going to have some problems developing their economy until they have a truly stable government.

    Might I recommend Japan? They just don’t do debt. They have a very stable government. When the rest of the world inflates, Japan will stay solid. They will be the one of the main beneficiaries of the collapse of the US auto industry.

    Or maybe Korea.

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