Cancerous Tumor
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I could not find 2021/2022 data of agriculture in fao website.
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An Iranian friend in Germany told me the 2008 financial crisis wasn't really solved - they just printed more money and staved off a collapse but inflation soared and everything because more expensive overnight. Now that there's no more cheap russian gas, things have gotten worse x10.
Since we are looking at ideas of central bankers let's take a look at part of Mr Ben Bernanke's responses to question of "If you could do it differently(about 2008 financial crisis ), what would you change ?"
Mr Ben Bernanke(former chairman of the federal reserve and current Nobel prize winner ) :
You know, going back, obviously we saw .. people say how could you not see the housing bubble ?well we saw the house prices were very high relative to rents we understood that part.I think our hope was that, that would correct in a more gradual way over time. and ..... (5:20 - 5:40)
Increase in production facilities to supply more for international market?Great move by Iranian Economics planners
Iran to spend $35 billion in 5 years on Petrochemical developments.
- Iran's next 5 year National Development Plan (2022-2026), will see $35 billion of investment is in the country’s petrochemical industry.
- For every one dollar of investment in this industry, eight dollars of profit has been made
- Petrochemical exports already constitute nearly 33 percent of the country’s non-oil exports.
- Domestic equipment, licenses, and technological knowledge have been used in most of the projects in this industry.
7th national development plan sees $35b of investment in petchem sector
TEHRAN - Iranian vice president for technological and scientific affairs has said that based on the country’s seventh five-year National Development Plan (2022-2026), $35 billion of investment is going to be made in the country’s petrochemical industry.www.tehrantimes.com
Increase in production facilities to supply more for international market?
Oof. Sounds awesome. So we can expect a $280 billion return from investing eight times less?!This is actual data obtained from existing Petrochemical plants..an 800% return for an investor..no other business (with exception of Narco business!!) can generate such a huge payback...
- For every one dollar of investment in this industry, eight dollars of profit has been made
if you spend that $35 billion in 5 years time span you will be looking at profits of more that $ 400 billion made. If I were in Iran I will definitely put my money on these PetroChem plants.....Remember the feed for petrochemical plants is "Natural Gas" and that feed is given to the plants at discounted prices because Iran sits on top of World largest Gas deposits in the world.Oof. Sounds awesome. So we can expect a $280 billion return from investing eight times less?!