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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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And when the Fed, ECB, BoE & BoJ are through with destroying their ccys & economies to the extent of even having the ccys decomissioned (R.I.P Zim Dollar 2008/9), they'll need a Debt over-hang Remedy like this; Zimbabwe Accelerated Arrears Clearance Debt & Development Strategy (ZAADDS) http://eurodad.org/1125710/ || http://208.112.4.72/downloads/939.pdf
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:And when the Fed, ECB, BoE & BoJ are through with destroying their ccys & economies to the extent of even having the ccys decomissioned (R.I.P Zim Dollar 2008/9), they'll need a Debt over-hang Remedy like this; Zimbabwe Accelerated Arrears Clearance Debt & Development Strategy (ZAADDS) http://eurodad.org/1125710/ || http://208.112.4.72/downloads/939.pdf I think the G7 CBs and FinMins are drunk on some serious devaluation koolaid... It's a pity that what is common in dictatorship regimes is now being openly embraced at the top of the financial hierarchy. $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: UK strikes deal for Zim's Marange diamonds to return to the EU markets http://www.bulawayo24.co...national-byo-26407.html As the Old Order (DeBeers, Anglo, Russia, Canada, Botswana e.t.c) face viabilty concerns due to aging mines, and on the otherhand the Surat, India diamond dealers taking up the challenge to come out tops (as a Hub), the dealers at Antwerp, Belgium need to adopt new thinking & that's where Zim comes in as the most cost effective (shallow/alluvial) diamonds source with est. capacity of 25% global output ![smile](/Images/Emoticons/msp_smile.gif) Btw, China's emerging as the largest consumer of precious stones ;-)
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:And when the Fed, ECB, BoE & BoJ are through with destroying their ccys & economies to the extent of even having the ccys decomissioned (R.I.P Zim Dollar 2008/9), they'll need a Debt over-hang Remedy like this; Zimbabwe Accelerated Arrears Clearance Debt & Development Strategy (ZAADDS) http://eurodad.org/1125710/ || http://208.112.4.72/downloads/939.pdf I think the G7 CBs and FinMins are drunk on some serious devaluation koolaid... It's a pity that what is common in dictatorship regimes is now being openly embraced at the top of the financial hierarchy. Hehe...East or West, Fiat money (system) is all the same.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Africa set to become the IFC’s top investment destination, although risks remain - http://bit.ly/VQKt6I$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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IBEX35 chart. Mr Market is about to send a big message in euroland espana... ![](http://i.imgur.com/gZp95Ot.png) $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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Five workers shot at Amplats mine in South Africa - http://www.reuters.com/a...e-idUSBRE91H0CX20130218
What is not happening down south mzansi land??? $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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Debt Despair: UK plagued by suicides as austerity shows no mercy - https://www.youtube.com/...Bg&feature=youtu.be
Quote:Suicide rates are soaring in the UK, with money worries pushing many over the edge. Cuts to mental health services and aggressive debt-collecting are cited by experts as major factors aggravating the situation. $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: I think the G7 CBs and FinMins are drunk on some serious devaluation koolaid... It's a pity that what is common in dictatorship regimes is now being openly embraced at the top of the financial hierarchy.
Chavez must have taught gave them some good lessons "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: 1/13/2011 Posts: 5,964
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Alert! EU-US Transatlantic FTA - Call for mobilisation in Europe and the United Stateshttp://downloads.bbc.co....news_20130213-1825a.mp3
http://www.neurope.eu/ar...mes-fta-negotiations-us
Its time Africa stopped dreaming about trading(esp Agri products) with the EU...Grow food to feed you and move on. "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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Yen store of value destruction Since 2000 all currencies have lost and continue to lose value vs the shiny yellow metal... $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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Oil inflation continues - http://www.petrolplaza.c...iZlbiYxNDc1MyYmMQ%3D%3D Eastern euroland nations (bulgaria, hungary, cyrus etc) will take serious blows... $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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Greece story by the mainstreet - http://www.nytimes.com/2...?smid=tw-share&_r=0 Not forgetting their gubberment is leasing islands to shore up revenues to pay the money masters that bailed it out. $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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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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"The difference between the ANC and Zanu-PF is that the ANC is engulfed by narrow greed and fear to offend white interests." "“Forget charity, we want the phrase called corporate social responsibility banned in this country. By corporate social responsibility, you are implying that you are apologising for your profits. “In this country, we do not want you to feel sorry for us. We are villagers who are keen on shareholding. We want dividends,” he said, to a thunderous applause from delegates." GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:"The difference between the ANC and Zanu-PF is that the ANC is engulfed by narrow greed and fear to offend white interests." "“Forget charity, we want the phrase called corporate social responsibility banned in this country. By corporate social responsibility, you are implying that you are apologising for your profits. “In this country, we do not want you to feel sorry for us. We are villagers who are keen on shareholding. We want dividends,” he said, to a thunderous applause from delegates." Got a chance today to read the Sunday Standard (Dec. 30, '12) pull out on Prezz Kibaki, "BUILDING A WORKING & CARING NATION & THE TRANSFORMATION OF KENYA". It was great to learn about him (at 30 years, 1963) as a avid decolonisation of Africa advocate, fronting how to finance land redistribution & Sessional paper no. 10 on African Socialism (Ubuntu ~ I am because we are) and some cool qoutes like, "We should not try to decieve our people that socialism will bring things from Heaven easily. Every single person in this country must be prepared to sacrifice. I mean sacrifice in the sense that we must be prepared to WORK HARD and to SAVE and INVEST. If we are not prepared to do it voluntarily, this paper has declared that this is entitled to enforce people to work, to enforce savings, to enforce people & even MPs to pull their weight." It instantly brought forward the ZANU-PF ideology & mantra, "The Land is the Economy, the Economy is the Land." I couldn't help feel that in those times Nationalism & Pan-Africanism existed, thrived & things worked socio-economically before we got lost a long the way ![Sad](/Images/Emoticons/msp_sad.gif) Nevertheless, I also feel we're back into History now (Dejavu) and we have another shot at getting it right again, both Nationally & SSA wide. In Kenya it starts/continues with a peaceful transition post-March 4th, implementing the Const. & whipping Vision 2030 into reality with reckless abandon! Pamberi!! (forward) na Kazi Iendelee!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Hoho..TKOs ~> Central banks are globalisation's new enemy http://www.businessdaily.../-/rt3f9ez/-/index.html I wish the writer was also candid about the need for a new global reserve ccy. Oh well, time & the mkts will rule on that soon.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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And this can (will?) happen to anybody running QE Infinite currently *confidence crisis/trauma* Zimbabweans against reintroduction of ZimDollar http://www.bulawayo24.co...-economy-byo-26523.html NB: Very concerned about the prolonged use of the USD as the reporting ccy in Zim vis-a-vis mid-to-longterm interests ![Laughing out loudly](/Images/Emoticons/msp_lol.gif) but what would Civilians know, we are in bed with the ndefo! Watch how things Look East too on the ccy front though hehe..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:And this can (will?) happen to anybody running QE Infinite currently *confidence crisis/trauma* Zimbabweans against reintroduction of ZimDollar http://www.bulawayo24.co...-economy-byo-26523.html NB: Very concerned about the prolonged use of the USD as the reporting ccy in Zim vis-a-vis mid-to-longterm interests ![Laughing out loudly](/Images/Emoticons/msp_lol.gif) but what would Civilians know, we are in bed with the ndefo! Watch how things Look East too on the ccy front though hehe.. Could the Zim people end up like panama or ecuador and others who got stuck to date with dollarisation. Will the Zim dollar be a historical statistic for good in some museum archive? But that complicates things for Zim treasury when it comes to printing money... Also if the dollarisation ccy of choice goes bonkers it also messes the Zim economy... [color=darkblue]$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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