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Cde Monomotapa		#1111 Posted : Saturday, August 06, 2011 9:06:50 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		@hisah, now if the USD & EUR are crap..what next?
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cnn		#1112 Posted : Saturday, August 06, 2011 11:08:10 AM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		After Thursday's sell off brace yourselves for another rout on monday across all the markets.Watch the coming week.
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Sober		#1113 Posted : Saturday, August 06, 2011 12:02:48 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		cnn wrote: After Thursday's sell off brace yourselves for another rout on monday across all the markets.Watch the coming week. i have the feeling that this coming week holds a lot in the financial environment around. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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hisah		#1114 Posted : Saturday, August 06, 2011 1:18:44 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Cde Monomotapa wrote: !! 60 dollar crude !! @hisah, now if the USD & EUR are crap..what next? I will get my $30 oil, just like I got my USDKES @90... And the shocking part for the KE is that fuel will still be expensive!? Why? That USDKES is going to zoom beyond 100/- so faling oil prices will be negated by a devalued exchange rate! Absolute nonsense from the KE central planners. When people will hit the streets properly, indeed they shall wake up or run away... As for the currencies, I've been hedging via the swissie - CHF. I like the idea that they want to go back to the gold standard i.e. a gold backed franc. If I was to vote for a new reserve currency, the swissie takes it. In the meantime big money is going into PM - precious metals (gold, silver, platinum) and commodity stocks like PM firms and agri commodities. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa		#1115 Posted : Saturday, August 06, 2011 1:30:07 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Thanks @hisah and i'll agree with U on the PMs and drop in crude (and resources) but hold reservations on the future of net importer countries ccys, like KES. Cheaper crude and resources in the globe should lead to less demand on forex hence strength? My presumption.
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hisah		#1116 Posted : Saturday, August 06, 2011 2:37:21 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Cde Monomotapa wrote: Thanks @hisah and i'll agree with U on the PMs and drop in crude (and resources) but hold reservations on the future of net importer countries ccys, like KES. Cheaper crude and resources in the globe should lead to less demand on forex hence strength? My presumption. If KES becomes gold backed, I'll hoard it... In future we should have continental ccys to avoid forming another ponzinomics after this one collapses. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa		#1117 Posted : Saturday, August 06, 2011 3:29:07 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		hisah wrote: Cde Monomotapa wrote: Thanks @hisah and i'll agree with U on the PMs and drop in crude (and resources) but hold reservations on the future of net importer countries ccys, like KES. Cheaper crude and resources in the globe should lead to less demand on forex hence strength? My presumption. If KES becomes gold backed, I'll hoard it... In future we should have continental ccys to avoid forming another ponzinomics after this one collapses. I see and just to add, we'll have a good harvest by Q4 and probable good rain to fill up hydro (though we'll still run thermal coz of demand). Let's see.
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hisah		#1118 Posted : Saturday, August 06, 2011 5:32:41 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		A look at lame stream media headlines after a rocky week for global stocks capped by a dramatic US debt downgrade: - China - http://in.reuters.com/ar...dINIndia-58648620110806 Xinhua wrote: The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary. India - http://in.reuters.com/ar...dINIndia-58637220110805 Markets - http://in.reuters.com/ar...dINIndia-58627020110805 http://in.reuters.com/ar...dINIndia-58643220110805 Then now the blame game begins... http://www.youtube.com/w...FKs&feature=related This is a very interesting audio video made in Feb 2011... http://www.youtube.com/w...VqY&feature=related Peter Schiff - http://www.youtube.com/watch?v=axFiHr5I7ow Ron Paul - http://www.youtube.com/w...;feature=player_embedded $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1119 Posted : Saturday, August 06, 2011 8:23:12 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		So which is the 1st stock exchange to react to the US debt downgrade? House of Saud aka Saudi Arabia stock market (Tadawul All-Shares Index) tanks 5.46% for the day. In Arabia world, Saturday is a weekday remember... Meanwhile in euro land, Germany is already growing cold feet in supporting Italy via the EFSF guarantee. I have a sneaky feeling France will get downgraded soon and that will see the euro drop like a rock... 2008 is back in fashion... caution! http://translate.googleu...Zd1AIHsuwU8-47PtduSi8YQ We now wait for early Monday with Australia and Japan leading the week's opening... http://www.telegraph.co....on-SandP-downgrade.html The run on the US Treasurys coming soon - http://www.youtube.com/watch?v=2N8gJSMoOJc And for those that like Rap music here is something interesting. Quite creative this artiste. http://www.telegraph.co....ebt-crisis-into-rap.html $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1120 Posted : Saturday, August 06, 2011 9:11:14 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		And the blame game begins -> Fire Geithner - http://www.reuters.com/a...06-Aug-2011+PRN20110806 G20 to hold crisis call Saturday -> http://www.reuters.com/a...l-idUSN1E77504S20110806 ECB to hold Sunday conference call on crisis-source -> http://www.reuters.com/a...e-idUSR1E7J600520110806 I got a feeling, that tonight's gonna be a good night, that tonight's gonna be a good night x2 The remix... I got a feeling, that stocks gonna tank a lot now, that stocks gonna tank a lot now x2... Enjoy the music... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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