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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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youcan'tstopusnow wrote:Visiting, Tanzania, South Africa and Republic of Congo on his first trip abroad as president following a visit to Russia, Xi is expected to build on expanding economic relations that many Africans see as a healthy counterbalance to the influence of the West. The agreements with Tanzania included plans to co-develop a new port and industrial zone complex, a concessional loan for communications infrastructure and an interest free loan to the Tanzanian government. http://www.reuters.com/a...0CG0KV20130324?irpc=932
What is our net gain from China?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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poundfoolish wrote:youcan'tstopusnow wrote:Visiting, Tanzania, South Africa and Republic of Congo on his first trip abroad as president following a visit to Russia, Xi is expected to build on expanding economic relations that many Africans see as a healthy counterbalance to the influence of the West. The agreements with Tanzania included plans to co-develop a new port and industrial zone complex, a concessional loan for communications infrastructure and an interest free loan to the Tanzanian government. http://www.reuters.com/a...0CG0KV20130324?irpc=932
What is our net gain from China? In terms of as a trading partner, the benefits are heavily skewed for them. In future their energy needs could be a market for our oil, not to mention a potential major addition to the tourism circuit As the article says though, China provides Africa with options to the West GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The European Union has suspended sanctions against 81 officials and eight firms in Zimbabwe. The decision followed a "peaceful, successful and credible" referendum on a new constitution earlier this month, the EU said in a statement. However, sanctions will remain in force against Zimbabwe's President Robert Mugabe and 10 of his top aides, EU sources said. 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 European Union has
suspended sanctions
against 81 officials and
eight firms in Zimbabwe.
The decision followed a
"peaceful, successful and
credible" referendum on a new constitution earlier this month, the EU said in a statement.
However, sanctions will
remain in force against
Zimbabwe's President Robert Mugabe and 10 of his top aides, EU sources said.
Brother's keeper  and there's more to this meeting that's expected being the unlocking of development finance & getting right with Bretton again - that'll be great for Zim as a whole.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The Cypriot saver tomorrow will face this scenario http://www.youtube.com/watch?v=EOzMdEwYmDU$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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Cde Monomotapa wrote:youcan'tstopusnow wrote:The European Union has
suspended sanctions
against 81 officials and
eight firms in Zimbabwe.
The decision followed a
"peaceful, successful and
credible" referendum on a new constitution earlier this month, the EU said in a statement.
However, sanctions will
remain in force against
Zimbabwe's President Robert Mugabe and 10 of his top aides, EU sources said.
Brother's keeper and there's more to this meeting that's expected being the unlocking of development finance & getting right with Bretton again - that'll be great for Zim as a whole.  "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: 3/19/2013 Posts: 2,552
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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As expected, the banks won't open today, yet Cyprus was 'saved'. Closure extended again till this Thursday. 12 days and counting with bank doors closed. http://in.reuters.com/ar...s-idINDEE92K0FD20130325
Come what may, the video above will be the scenario when those banks open.
@kk - have you seen the record jump of bitcoin - from $10 to $70?! Spaniards have been downloading the bitcoin mobile app like crazy and joining the virtual currency party. Parabolic parties don't end well... $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:As expected, the banks won't open today, yet Cyprus was 'saved'. Closure extended again till this Thursday. 12 days and counting with bank doors closed. http://in.reuters.com/ar...s-idINDEE92K0FD20130325
Come what may, the video above will be the scenario when those banks open.
@kk - have you seen the record jump of bitcoin - from $10 to $70?! Spaniards have been downloading the bitcoin mobile app like crazy and joining the virtual currency party. Parabolic parties don't end well... kweli dunia ina mambo. "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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Using Cyprus as a prototype for bank deposit raids who's next on the snipper's radar? Which 2 countries, btw they're also very tiny (land mass & population) have banks that dwarf the nations GDP by multiples? Think in the lines of Malta & Luxemborg. Now just to find out if fat russian deposits exist there too... I still expect a Putin curveball sometime this year to hit hard from Moscow... $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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If you follow the persian money then you'll realize that N.Korea will always be a sideshow for necessary distraction. The banksters want the persian money; one of the few central banks they don't control... $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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why i call bankers mafioso or cartel banksters - http://www.theinternatio...are-some-banks-above-the$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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Some very interesting developments Quote:While ordinary Cypriots queued at ATM machines to withdraw a few hundred euros as credit card transactions stopped, other depositors used an array of techniques to access their money. No one knows exactly how much money has left Cyprus’ banks, or where it has gone. The two banks at the centre of the crisis – Cyprus Popular Bank, also known as Laiki, and Bank of Cyprus – have units in London which remained open throughout the week and placed no limits on withdrawals. Bank of Cyprus also owns 80 percent of Russia’s Uniastrum Bankdepositors.
, which put no restrictions on withdrawals in Russia. Russians were among Cypriot banks’ largest Next move Quote:And if there was any doubt that the entire process of destroying one entire nation was simply to punish Cyprus, it can be completely cleared away now:
ECB officials contacted Latvia, another EU country that has received large Russian deposits, to warn authorities against taking in Russian money fleeing Cyprus, two sources familiar with the contacts said.
“It was made clear to our Latvian friends that if they want to join the euro, they should not provide a haven for Russian money exiting Cyprus,” a euro zone central banker said. http://www.globalresearc...ash-from-cyprus/5328511
"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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China, Brazil sign trade, currency deal ahead of BRICS summit - http://in.reuters.com/ar...s-idINDEE92P08O20130326
Quote:BRICS members China and Brazil agreed on Tuesday to trade in their own currencies the equivalent of up to $30 billion per year, moving to take almost half of their trade exchanges out of the U.S. dollar zone. It is getting interesting... very interesting... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:If you follow the persian money then you'll realize that N.Korea will always be a sideshow for necessary distraction. The banksters want the persian money; one of the few central banks they don't control... I agree.What about Cyprus issue,is it an attack on Russia indirectly
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cyprus is a template test... How far can EU draco go is what is being tested on people's will... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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There is a hugely damaging an erroneous working economic assumption that I am glad this Cyprus thing has burst. Say you went and made an order for a bed and a 3-piece suite from a furniture maker for which you put down a 50% deposit. If the furniture maker business collapses, you would lose your 50% deposit and not even get your bed or the 3-piece suite. If a bank collapses, everybody who has a skin in the game has to take a hit. That means the depositors, the bondholders and off-course the shareholders. Otherwise, the pain has to borne by the whole economy which is bs in my very humble opinion Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cyprus then Slovenia - http://www.bloomberg.com...-avoid-cyprus-fate.html Drastic changes are 'best' done during gubberment changeover... I hope the Cypriot people won't be subjected to crazy capital controls like those of Argentina, which lasted for 10yrs?! @mainat - now if only the PIIGS as well as those global banks with toxic assets could be served their own stinking pies... But when gubberments sleep with the enemy who finance the politicos, it's only the people that can free themselves... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Hisah- would go further and say Europe won't see economic growth unless private market losses are borne by the private market rather than the whole economy Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The Spanish market (IBEX) has been falling like a hot knife through butter all week... Now when did I see this happen... Deja vu... The script is about to repeat itself, short selling ban esp on those bogus spanish bank stocks... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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