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hisah
#2401 Posted : Tuesday, May 22, 2012 9:15:21 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
When these derivatives will blow, it will be a wonderful day for the globe smile
JP Morgue has already incurred losses over $2Billion on sparta bets gone bad. MF Global blew up last year. I expect a lot mo banksters to blow up as the euroland debt bomb unravels.




JP Morgue trading losses likely to spike above $7 billion?! That's 3 times up the reported $2 billion loss the other day. Eh, I need to relook at all the major euro & US banks.

Surely fireworks are coming soon...

http://www.independent.c...exceed-7bn-7771347.html

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2402 Posted : Tuesday, May 22, 2012 4:09:24 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Swiss Parliament Examines ‘Gold Franc' Currency Today.

http://www.fxstreet.com/...rket-update/2012/05/22/

Quote:
A panel of the Swiss parliament is discussing the introduction of the parallel ‘Gold franc’ currency.

Bloomberg has picked up on the news which was reported by Neue Luzerner Zeitung.

The Swiss parliament panel will discuss a proposal aimed at introducing a new currency, or a so-called gold franc.

Under the proposal, which will be debated in the lower house’s economic panel in Bern today, one coin in gold would be worth about 5 Swiss francs ($5.30), the Swiss newspaper reported. The Swiss franc would remain the official currency, the paper said.

The proposal may lead to a wider debate about the Swiss franc and the role gold might again play to protect the Swiss franc from currency debasement.

The initiative is part of the “Healthy Currency” campaign which is being promoted by the country’s biggest party – the conservative Swiss People’s Party (SVP).


Quote:
One of the new gold francs, on the other hand, with a gold content of 0.1 grams, could be purchased for just 5 francs (at current prices) and would mean that gold became more widely owned by ordinary people in Switzerland and could even become a medium of exchange as is happening in Utah, Montana, Missouri, Colorado, Idaho and Indiana in the U.S where gold has become legal tender again or is set to become legal tender again.


Wow! It seems central bankers are now in disarray and no longer reading from the same script...

If this goes without hitches, then the swiss franc will be a top contender for the reverse currency status...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2403 Posted : Wednesday, May 23, 2012 1:04:14 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
JPM again - http://www.reuters.com/a...it-idUSBRE84L0XJ20120522
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2404 Posted : Wednesday, May 23, 2012 8:02:28 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! Unbelievable this from one Jim Cramer?! He expects bank runs in Spain and Italy soon. He's know for bad calls and now I wonder if it is time to get back into global stocks despite the euro debt bomb?!

http://www.businessinsid...e-next-few-weeks-2012-5

Cramer on Bear Stearns - http://www.youtube.com/watch?v=HPc16cuQJR0
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#2405 Posted : Wednesday, May 23, 2012 8:09:08 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Wow! Unbelievable this from one Jim Cramer?! He expects bank runs in Spain and Italy soon. He's know for bad calls and now I wonder if it is time to get back into global stocks despite the euro debt bomb?!

http://www.businessinsid...e-next-few-weeks-2012-5

Cramer on Bear Stearns - http://www.youtube.com/watch?v=HPc16cuQJR0



Bank run in spain started when Bankia was Nationalized
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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hisah
#2406 Posted : Wednesday, May 23, 2012 8:11:38 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
murchr wrote:
[quote=hisah]Wow! Unbelievable this from one Jim Cramer?! He expects bank runs in Spain and Italy soon. He's know for bad calls and now I wonder if it is time to get back into global stocks despite the euro debt bomb?!

http://www.businessinsid...e-next-few-weeks-2012-5

Cramer on Bear Stearns - http://www.youtube.com/watch?v=HPc16cuQJR0[/quote]

Bank run in spain started when Bankia was Nationalized

The point is when a mainstream figure such as cramer admits so...?!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2407 Posted : Wednesday, May 23, 2012 7:46:35 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Africa must do more to profit from China
http://www.bbc.co.uk/news/world-africa-18143515

Greece: The upside of
default
http://www.bbc.co.uk/news/business-18143078

Indian rupee plummets to historic low against dollar
http://www.bbc.co.uk/news/business-18170959

It seems to be 'pulling a KES';-)
GOD BLESS YOUR LIFE
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Cde Monomotapa
#2408 Posted : Wednesday, May 23, 2012 8:15:14 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
When these occupiers came to Africa to plunder did they ever think beyond that? Nkt! Bloody bure. China-Africa relations are as simple as: Africa needs infrastructure, China needs resources. Period. So far so good.
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karanjakinuthia
#2409 Posted : Thursday, May 24, 2012 10:20:29 AM
Rank: Member


Joined: 11/13/2006
Posts: 551
Location: Nairobi
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hisah
#2410 Posted : Thursday, May 24, 2012 11:11:12 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Yep. Liking the oil hammering... Iran war my foot smile





Yep. Still liking the nosedive of oil prices...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2411 Posted : Friday, May 25, 2012 12:32:50 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Australian mining
magnate Gina Rinehart
has become the world's
richest woman, according
to the country's respected business magazine BRW.
It says Ms Rinehart, 58, is now worth A$29bn ($28bn; £18bn), having increased her wealth by nearly A$20bn in a
year.
It is now possible that she could become the world's first $100bn person, the magazine says.
It says the heiress to an iron-ore prospecting empire earns A$52m a day, A$1m every half hour or A$600 a second.
http://www.bbc.co.uk/news/world-asia-18196826

http://www.thedailybeast...lionaire-iron-lady.html
GOD BLESS YOUR LIFE
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hisah
#2412 Posted : Friday, May 25, 2012 9:34:20 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Greece lights the olympic touch...



Police urge Greeks to keep money in the banks. What next, the army will be unleashed on the spartans to retrieve the stuffed mattresses and dump them at the banks...

The euroland circus... Now awaiting the spaniards to get on stage next. I wonder how C.Ronaldo will be paid and where he'll bank it since his homeland portugal is also on the circus lineup...

www.guardian.co.uk/world...ks-money-bank?CMP=twt_fd
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2413 Posted : Friday, May 25, 2012 12:40:27 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Bankia shares suspended
amid bailout request
reports
http://www.bbc.co.uk/news/business-18202671
GOD BLESS YOUR LIFE
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Thiong'o
#2414 Posted : Friday, May 25, 2012 4:00:26 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
ECB governing council member Ewald Nowotny warned of a “massive shock” of unknown consequences if Greece should stumble back to the drachma and cautioned against taking the possibility too lightly.
http://www.capitalfm.co....as-massive-shock-looms/
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hisah
#2415 Posted : Monday, May 28, 2012 6:22:20 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wikileaks, now Vatileaks - www.irishtimes.com/newsp.../0528/1224316805973.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2416 Posted : Monday, May 28, 2012 6:30:15 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Yuan-Yen direct trading to start in June 2012. Yep. The chings & japs have decided to bypass the dollar in their trades. Makes perfect sense smile

It's facinating watching the drama since March 2010 as the euro project as well as the dollar hegemony get dismantled silently. What appeared impossible a decade ago, is happening in a few months and swiftly smile

www.google.com/hostednew...2c9a595e61ea288f1c19.371
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2417 Posted : Monday, May 28, 2012 6:44:26 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Spanish bad loans at 17 year highs... Like I said, spanish financial charts will be my pet charts this year. Many of them will go parabolic esp bond yields & CDS rates for all the wrong reasons...

www.foxbusiness.com/news...campaign=Feed2Flatest+29
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2418 Posted : Monday, May 28, 2012 7:07:27 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Inside job - www.youtube.com/watch?v=q4egTybH-TE&t=176

And now - www.salon.com/2012/05/18...s_gone_wild/?mobile.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#2419 Posted : Monday, May 28, 2012 8:16:46 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Spain's issues are sweat inducing http://tgr.ph/JNy6fq. Bank's loaned €2trn but had €1.2trn deposits.
I keep wondering whether I should be investing in PIGS debt. Only prob. I might have to take 50% discount on the principle.
Sehemu ndio nyumba
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murchr
#2420 Posted : Monday, May 28, 2012 8:31:26 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980


Lloyd's of London preparing for euro collapse
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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