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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Argentine supermarkets freeze prices after IMF censure - http://www.bangkokpost.c...rices-after-imf-censure Argentina getting hammered by IMF sharks for "hiding inflation". Argentina recently gave the finger to renegade bondholders that refused to take a haircut during 2 restructuring programs for its debt default back in 2000. The IMF move definitely shows they side with the renegade bondholders. The message is Argentina pays those bondholders or IMF will crash that economy. And the circle continues... Quote:Supermarket chains in Argentina agreed to freeze their prices for 60 days in an attempt to rein in inflation, officials said.
The move comes after the International Monetary Fund censured Argentina on Friday for failing to supply accurate economic data to measure inflation.
The agreement between the government of President Cristina Kirchner and the Association of United Supermarkets -- which includes US-based Wal-Mart and France's Carrefour chain -- is retroactive to February 1 and extends to April 1.
Official Argentine statistics are sharply different from those private sector economists issue.
For instance, last month the government said that inflation in 2012 was 10.8 percent, while a group of private economists who collate their data put the rate at 25.6 percent.
Buenos Aires benefits from understating the data because a large part of its sovereign debt is indexed to inflation.
It is very interesting to see Argentina taken to the cleaners for understating inflation, yet across the globe all gubberments use the same gimmick to keep the civil society in check. Bullsh** from IMF as usual. https://www.youtube.com/watch?v=avrnnvhKj4M - Argentina and the IMF - Michel Chossudovsky on The Corbett Report $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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Anonymous posts over 4000 US bank executive credenfials - http://www.zdnet.com/ano...-7000010740/?s_cid=e589
The last 2 weeks have been surreal with banking info getting pushed on the public domain by hackers etc. Are the money masters experiencing infighting mafia like wars...? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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hisah wrote:Anonymous posts over 4000 US bank executive credenfials - http://www.zdnet.com/ano...-7000010740/?s_cid=e589
The last 2 weeks have been surreal with banking info getting pushed on the public domain by hackers etc. Are the money masters experiencing infighting mafia like wars...? Obama 'preemptive' cyberattacksUS Department of Energy HackedIts getting serious. Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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US Fed bank admits internal site was hacked - http://in.reuters.com/ar...s-idINDEE91502T20130206 Quote:The Federal Reserve said on
Tuesday that one of its internal websites
had been briefly breached by hackers,
though no critical functions of the U.S.
central bank were affected by the
intrusion. The admission, which raises questions about cyber
security at the Fed, follows a claim that hackers
linked to the activist group Anonymous had struck
the Fed on Sunday, accessing personal information
of more than 4,000 U.S. bank executives, which it
published on the Web. "The Federal Reserve system is aware that
information was obtained by exploiting a
temporary vulnerability in a website vendor
product," a Fed spokeswoman said. "Exposure was fixed shortly after discovery and is
no longer an issue. This incident did not affect
critical operations of the Federal Reserve system,"
the spokeswoman said, adding that all individuals
effected by the breach had been contacted. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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@hisah - cyberwars are heating up.I can't believe it,the FED. Eurozone on Kenyan TourismWant to see how the shilling will react. Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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RBS bracing for LIBOR punishment - http://in.reuters.com/ar...or-idINDEE91500J20130206$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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US imposes new sanctions on Iran http://www.aljazeera.com...utm_medium=MasterAccount"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: Chief Joined: 8/4/2010 Posts: 8,977
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This sideshow is taking too long... Boring. Nothing to see hear. This is a distraction, what are we not seeing... $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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Sucker Alert? Insider Selling Surges After Dow 14,000 - http://finance.yahoo.com...g-surges-181720960.html But the market will keep rallying until it suddenly turns after trapping enough suckers. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:This sideshow is taking too long... Boring. Nothing to see hear. This is a distraction, what are we not seeing... I wonder too, who is more dangerous? Iran or N.Korea? "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: Elder Joined: 2/23/2009 Posts: 1,626
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murchr wrote:hisah wrote:This sideshow is taking too long... Boring. Nothing to see hear. This is a distraction, what are we not seeing... I wonder too, who is more dangerous? Iran or N.Korea? Iran Uncertainty is certain.Let go
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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ChessMaster wrote:murchr wrote:hisah wrote:This sideshow is taking too long... Boring. Nothing to see hear. This is a distraction, what are we not seeing... I wonder too, who is more dangerous? Iran or N.Korea? Iran Come on think, the NK's have sent a rocket into space...clearly they can take anyone down now "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: Elder Joined: 2/23/2009 Posts: 1,626
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murchr wrote:ChessMaster wrote:murchr wrote:hisah wrote:This sideshow is taking too long... Boring. Nothing to see hear. This is a distraction, what are we not seeing... I wonder too, who is more dangerous? Iran or N.Korea? Iran Come on think, the NK's have sent a rocket into space...clearly they can take anyone down now That is true but Iran has backing from China and Russia.They could effectively destabilize the middle-east and that would shake the world. If N.Korea struck one nation,I doubt it would get a chance to strike another one. Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ChessMaster wrote:murchr wrote:ChessMaster wrote:murchr wrote:hisah wrote:This sideshow is taking too long... Boring. Nothing to see here. This is a distraction, what are we not seeing... I wonder too, who is more dangerous? Iran or N.Korea? Iran Come on think, the NK's have sent a rocket into space...clearly they can take anyone down now That is true but Iran has backing from China and Russia.They could effectively destabilize the middle-east and that would shake the world. If N.Korea struck one nation,I doubt it would get a chance to strike another one. Iran is still bartering oil fully bypassing the petrodollar hegemony. Its euro oil bourse is still around. These are BS sanctions. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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hisah wrote:ChessMaster wrote:murchr wrote:ChessMaster wrote:murchr wrote:hisah wrote:This sideshow is taking too long... Boring. Nothing to see here. This is a distraction, what are we not seeing... I wonder too, who is more dangerous? Iran or N.Korea? Iran Come on think, the NK's have sent a rocket into space...clearly they can take anyone down now That is true but Iran has backing from China and Russia.They could effectively destabilize the middle-east and that would shake the world. If N.Korea struck one nation,I doubt it would get a chance to strike another one. Iran is still bartering oil fully bypassing the petrodollar hegemony. Its euro oil bourse is still around. These are BS sanctions. Completely. http://www.theatlantic.com/international/archive/2013/01/the-united-states-could-be-violating-its-own-iran-sanctions/272714/Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Brent poised for a breakout like in 2011   KE inflation has bottomed out as well as UG. This oil move is not welcome... Inflation...$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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Justice Department, States May Also Sue Moody's For Defrauding Investors - http://www.huffingtonpos...berry/p.html?id=2641443 Now we have Moodys too after S&P got served. On Jan 25 2013 Goldman's CEO Lloyd C. famed for the 'doing God's work' phrase as they sold shitty deals to their clients at the height of GFC told BBC that the 'worst of the financial crisis' is over. US markets at lofty heights back to pre GFC levels. The fattening is ripe... $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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Tz ready to host ICC on KE cases - http://www.businessdaily...0/-/8y9xt9/-/index.html Interesting move to calm down nerves. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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