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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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Where in Africa can one purchase raw or purified copper in large quantities for hoarding?? JPMorgan Chase & Co. (JPM) won regulatory approval for the first U.S. exchange-traded fund backed by physical copper, which some industrial users said may disrupt the market. The proposed rule change by NYSE Arca Inc. to list JPM XF Physical Copper Trust was approved, the regulator said in an order on its website dated Dec. 14. BlackRock Inc. (BLK) and ETF Securities Ltd. also have said they plan to start physically backed ETFs for industrial metals in the U.S. http://www.bloomberg.com...physical-copper-etf.htmlEnergy.
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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They say "necessity is the mother of invention". Swiss refinery Valcambi have developed an easily breakable gold bar to ease payment in times of crisis. Gold is coming to the fore as an insurance policy against instability of the nation states of Europe. Gresham's Law states "Bad money drives out good". Europeans are spending their Euros to purchase gold for hoarding. Thus, the phrase. Gold hit an all time high in Euro terms on October 1st 2012 at Euro 1,385. Notably, the Euro bottomed in July, 2012 signalling a relief of the pressure on the Eurozone. The debt crisis maelstrom may be angling towards other shores. Whether it is headed for Japan or the United States, only time will tell. "Customers are hoarding gold mostly at home as a precaution against a crisis, just as their fathers and grandfathers did before them,' Mr Geissler said." Read more: http://www.dailymail.co....nder.html#ixzz2GK3A5xXg
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande. Raising taxes for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande. http://www.bbc.co.uk/news/world-europe-20864114
GOD BLESS YOUR LIFE
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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This are the kind of short stories I like reading. They intrigue my mind. Can Kenya's invasion of Kismayo put an end to al-Shabab for good? Incredibly, this small port city, a study in ruin in a country that is a parable of ruin, boasts two airports. There is the new airport, as it's known, laughably to all who touch down there, which lies 10 miles inland and consists of a couple of mostly tarmacked runways and the carcass of a terminal. http://allafrica.com/stories/201212281016.htmlEnergy.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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youcan'tstopusnow wrote:France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande. Raising taxes for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande. http://www.bbc.co.uk/news/world-europe-20864114
Now this French government is not serious, why would anyone pay 75% tax? No wonder they are anti capitalists, coz with 75% tax rate, I would opt to work only 30 hours a week and 2 months mandatory vaction too.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Its official, the US will go over the cliff "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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Thought kuna last minute deal that was reached "last minute", hawa watu nimacartoon, they are just acting like its the end of the world, yet both sides had long agreed. Isnt this the same fiscal cliff nonsense that played out last year. I actually hope they dont agree, ndio nione wako really serious, coz my take is they are just playing charade. If we go over the cliff, labda hizi nyumba zitakuwa affordable, that'd be great! But thats just dreaming, there will be no cliff to fall from, atleast until next year then we go through the same "burning the midnight oil" charade
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Happy new year gal.....congress walienda kulala but senate is burning the midnite oil "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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Thanks, though bado sisi tuko 2012, happy new year to you too. Uko na bidii kuona hizo cartoons, here's to hoping we fall off the fiscal cliff...
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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I think a good compromise will be increasing tax on 250k+ and cut spending on welfare(esp handouts)
To me thats 50/50 compromise on both parties
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Why would you cut spending on welfare and other social programs? These people will now have no means to feed,clothe & shelter themselves, what do you think their next alternative will be? Its not like there are jobs in the offing for them, the result will be an increase in violent crimes and robbery, total anarchy! The US created this beast, so its not as simple as just taking away the kool aid, the repercussions will be disastrous.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:Thanks, though bado sisi tuko 2012, happy new year to you too. Uko na bidii kuona hizo cartoons, here's to hoping we fall off the fiscal cliff... Wachana na hao wazee....I was looking at the unemployment statistics and we should embrace ourselves for burglaries and robberies. "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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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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Nabwire wrote:Why would you cut spending on welfare and other social programs? These people will now have no means to feed,clothe & shelter themselves, what do you think their next alternative will be? Its not like there are jobs in the offing for them, the result will be an increase in violent crimes and robbery, total anarchy! The US created this beast, so its not as simple as just taking away the kool aid, the repercussions will be disastrous. I wish you knew how happy I would be if those "entitlements" were gotten rid of. Talking about the welfare programs only, not social security and medicare. As for the repercussions, Africans, Asians, South Americans and others have managed to pull through, so whats so special with these gentile people? Let everyone have a level playing field. Energy.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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And thebill passes!! There is no way this show is not scripted!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:And thebill passes!! There is no way this show is not scripted!! Brace yourself for round 2 "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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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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House forces quorum hitch to avert standoff Deputy Speaker Farah Maalim likened the stalemate as Kenya’s moment of a “fiscal cliff.” http://www.businessdaily.../-/11opkr4/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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2013 is a significant year esp for the global banking system. Will the US Fed Reserve charter be renewed after running its 100yr course? US fiscal cliff, eurozone debt bomb; the uncertainity, the volatility... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Obama Taps Hagel for Pentagon, Brennan for CIA - http://abcn.ws/VFSPeO
Quote: In nominating Hagel, Obama signaled he is willing to take on a tough confirmation fight. Once Hagel emerged as Obama's likely nominee, GOP lawmakers began sharply questioning his commitment to Israel and his willingness to take a hard line with Iran over its disputed nuclear program.
Hagel, a 66-year-old moderate Nebraska Republican, has criticized discussion of a military strike by either the U.S. or Israel against Iran. He also irritated some Israel backers with his reference to the "Jewish lobby" in the United States. And he has backed efforts to bring Iran to the table for future peace talks in Afghanistan. The military industrial complex field is also getting interesting in 2013... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Nairobi, Africa’s new HQ for multinational firms - http://bit.ly/qPJAbI
Anyone remember this article back in 2011... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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