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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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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. The Iran issue imo will be solved in two years or so. For now, let these developed countries increase their reserves in oil then Iran invasion. It baffles me sometimes that Iran is more ahead in terms of clean energy [can't remember the name] compared to developed countries. Iran's oil is one of the main reasons but there is the issue of gold and also ancient artifacts. As for North Korea, its business as usual with the west. Energy.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Venezuela devalues its currency by 32% - http://www.bloomberg.com...olivars-per-dollar.html Currency wars continue... $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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Google chairman to sell 3 million shares worth $2.5B - http://www.marketwatch.c...-08?mod=wsj_share_tweet Google stock around all time highs, exit at the top... $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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A huge bet by someone that the SPDR ETF will tank. The put option expires in April - http://online.barrons.co...578287852685209978.html SPDR ETF tracks banking stocks and such a giant bet is quite something and that trader is quite confident that the ETF will tank! Another options trader has bet 11M on VIX calls that expires in 60 days - http://www.businessinsid...n-on-big-vix-bet-2013-2 These 2 option trades are massive. With US equity indices (Dow and S&P) scaling pre GFC levels, such bets hint at near term selloff. Caution... $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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Informative documentary about wars and banks - https://www.youtube.com/...Aeo4&feature=related$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Btw, @hisah what's the take on the Fiscal Cliff after the Fiscal Cliff (deal) w.e.f March 1. I saw the US went -ve GDP Q4 '12, I expect a deeper one Q1 '13. So, will they drop the bomb this time or kick the can again? Seeing B.O on the charm offensive again *bored* Oil? Gold? What say ye?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@hisah In addition, B.O & the Dems seem keen on shaking the Top of the tree hoping fruits will drop to the Middle class. Can we expect a Capital-strike similar to France?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:@hisah In addition, B.O & the Dems seem keen on shaking the Top of the tree hoping fruits will drop to the Middle class. Can we expect a Capital-strike similar to France? Most likely there will be a capital strike looking at the pattern of corporates shifting outside US.
Top U.S. Firms Are Cash Rich Abroad, cash poor at home - http://reut.rs/TA2zmV
Senate launches attack on Microsoft and HP for 'avoiding billions in taxes' as it is revealed big firms have $1.5TRILLION stashed overseas - http://bit.ly/YOd3mn
Quote:U.S.-based companies can avoid taxes on much money earned abroad by asserting that they have invested those funds offshore or plan to do so
Executives of both Microsoft and HP said they have complied with American tax laws
This will intensify.
Also as I pointed out yesterday with some investors betting large contract size put options on SPDR ETF as well as large contract size call options on VIX with a strike out in April 2013, someone is hoping for a sizable selloff! Will it be triggered by that March 1st decision?
I'm also keenly following how the rating agencies are now taking the kicking. EJ was barred from rating US sovereign debt until 2015. DoJ is now suing S&P rating agency for GFC causes. At the same time Moody's is not off the hook. Will this trigger a market event?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting, very interesting & for those reasons I trust private capital more than govts/politicos. Now, my scenario is the gap btwn lower Recession revenues & high taxes being avoided will continue to be filled by the Fed Printers & I think then Oil will finally decouple downwards (I'm biased) & Gold hits the roof (no-brainer). Btw, stacking cash post-08 is also a phenomena in RSA but as we've seen in 2012, M&A bonanza in SSA c/o RSA capital. Angola's awash with RSA & Sino capital, it's also banging the door in Zim, Zam, TZ, RW, UG, NAM, RSA-KE relations have since expanded greatly, Naija is just the new RSA haven. So, where will part of all that jobless Western capital go? Your guess is as good as mine & why I emphasis VOTE PEACEFULLY & we'll take these crisises to the bank!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Ghana is next in line for Rand Merchant Bank in West Africa http://www.bdlive.co.za/...-for-rmb-in-west-africa *@Cde waves frantically from NBK* SOS!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Tanzania-based trading firm secures $100m RMB loan http://m.engineeringnews...100m-rmb-loan-2013-01-24
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Egyptian pound is experiencing a run - http://www.reuters.com/a...y-idUSL5N0BA2EZ20130210 Shortly I expect the Egypt CB to devalue the currency and put a fixed rate and ban forex trading as currency wars continues... So far the top contenders as 2013 unfolds are Argentina, Venezuela, Egypt, Malawi. Soon to join Tunisia, Mali. Also closely watching the rand and brasilia real, S.korea won, Singapore dollar, Malaysian ringgit. Super mario of ECB pulled the brakes on the euro bulls last week. The more the USD gets devalued, the more the exporting nations will devalue their on ccys to boost their USD reserves. One ugly fight it will be with the massive $, €, ¥ current printing programs until the petrodollar hegemony is overhauled or alternatives spring up with currencies backed up by real assets and not paper IOUs. The fight will then shift to resources grabbing... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Egyptian pound is experiencing a run - http://www.reuters.com/a...y-idUSL5N0BA2EZ20130210 Shortly I expect the Egypt CB to devalue the currency and put a fixed rate and ban forex trading as currency wars continues... So far the top contenders as 2013 unfolds are Argentina, Venezuela, Egypt, Malawi. Soon to join Tunisia, Mali. Also closely watching the rand and brasilia real, S.korea won, Singapore dollar, Malaysian ringgit. Super mario of ECB pulled the brakes on the euro bulls last week. The more the USD gets devalued, the more the exporting nations will devalue their on ccys to boost their USD reserves. One ugly fight it will be with the massive $, €, ¥ current printing programs until the petrodollar hegemony is overhauled or alternatives spring up with currencies backed up by real assets and not paper IOUs. The fight will then shift to resources grabbing... Interesting, here there's atleast a decade of self destruction for a lot of Global Ops out on technicals i.e fx losses & hedges going bad not even real compe. Utajitetea ukiwa wapi? SMH. Infrastructure's a good hedge too, think SSA ;-) Vision 2030
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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 GOD BLESS YOUR LIFE
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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The words of Mark Twain: 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Quote:Nuclear test monitoring agency says detects "unusual seismic event" in North Korea #BREAKING Reuters Quote:CNN Breaking News @cnnbrk Seismic activity reported in area of previous North Korea nuclear tests. http://on.cnn.com/WFJPHA #northkorea "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:Quote:Nuclear test monitoring agency says detects "unusual seismic event" in North Korea #BREAKING Reuters Quote:CNN Breaking News @cnnbrk Seismic activity reported in area of previous North Korea nuclear tests. http://on.cnn.com/WFJPHA #northkorea I guess you were right.N.Korea seems wants to be the number one threat. Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Flagging @kk, cde, ceinz, chessmaster This is a report by OMFIF (Official Monetary and Financial Institutions Forum) report about the escalating currency war and what solution they think is feasible to the crumbling financial hegemony, which is USD based - http://www.omfif.org/downloads/Gold, the renminbi and the multi-currency reserve system.pdf The mention gold, renminbi (yuan) and a multi-currency reserve system. I don't like their idea of fronting that IMF based reserve system. It'll be the same con game and this is why BRICs are refusing to cooperate. Still waiting for the day when the USD hegemony will shutter into pieces due to this BRIC wall... Related reading: http://www.24hgold.com/e...ntributor=Jim+Willie+CB http://www.247bull.com/c...to-the-collapse-part-ii/$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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Jap econ is about to experience very serious inflation effects oil price vault past 5yr highs. The yen printing (devaluation) is working like a charm as inflation is responding as per the printers expectation in the ongoing currency war!? Expensive oil plus high inflation = econ nosedive... Japs are savers and they hoard more yens making yen funding expensive again. Time to start buying yens is nigh... image courtesy of zerohegde.com  Crude oil in yens - http://www.indexmundi.co...hs=120¤cy=jpy Crude oil in euros - http://www.indexmundi.co...hs=120¤cy=eur
Well the crude oil price escalation in euros & yens can oil lead to a nosedive in those 2 econs. Everytime brent vaults past $120/bb down the global markets go since the global econ is still weak since GFC bombed out. Global econ recovery indeed... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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