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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The whole of South America is pissed off, they say their President was "kidnapped". The circus continues, Ecuador now thinks they are spying their Embassy in London, like that is not obvious. "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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The Euro and the 6th of JulyJust when you thought it was safe, new cracks have began emerging in the Euro. As stated previously, the 6th of July was to be an inflexion point. In the days leading up to it, finance and foreign ministers of Portugal resigned resulting in Portuguese 10-year bond yields surpassing the critical 7 percent. Read more: http://www.scribd.com/do...uro-and-the-6th-of-July
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Three people died as Egyptian troops opened fire at supporters of ousted Egyptian President Mohammed Morsi marching in Cairo. The incident occurred as crowds gathered outside the officers' club of the Presidential Guard, where Mr Morsi is believed to be held. The Muslim Brotherhood has been demanding his reinstatement. The army, which removed Mr Morsi in response to widespread unrest, denied shooting live rounds at the crowd. However the BBC's Jeremy Bowen at the scene says he saw soldiers fire on the protesters. http://bbc.co.uk/news/world-middle-east-23202096
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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If you can't feed a country you'll be out of power in a flash... $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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Making a swift u-turn on the expensive side... Not good when KES is weakening and VAT bill coming up...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The presidents of both Nicaragua and Venezuela have indicated their countries could offer political asylum to US fugitive Edward Snowden. http://bbc.co.uk/news/world-europe-23201774
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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After making moves to bypass the petrodollar hegemony through direct currency swaps for their bilateral trade agreements, the rupee, aussie dollar, rand, ruble, iranian rial, yen, brazilian real have all weakened except the yuan. All the above back the yuan to become a reserve currency. The smoke screen is getting clearer now. The shift is silently happening behind the scene. Paper gold collapsing, physical gold premium hiking, dollar muscular, yet yuan still gaining on the muscular USD... Something has to give soon... $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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Just had a cursory look at ICBC - market cap of $296 billion and active individual accounts = 393 million. Those bank accounts are the entire western europe population! If its market cap was to scale up by approx £120 billion, it would match the combined market cap of UK's big 5 banks!
All the big 4 banks in chingland (ICBC, BoC, ABC & CCB) control more than half of chingland's econ and are already too big to fail.
Watching how PBoC will rein in the current credit squeeze that is being used to force capital to relocate from the property bubble to other useful sectors like infrastructure. A major bad loans spike together with a subprime collapse could crash the party badly in chingland and spill over into asia.
$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:Just had a cursory look at ICBC - market cap of $296 billion and active individual accounts = 393 million. Those bank accounts are the entire western europe population! If its market cap was to scale up by approx £120 billion, it would match the combined market cap of UK's big 5 banks!
All the big 4 banks in chingland (ICBC, BoC, ABC & CCB) control more than half of chingland's econ and are already too big to fail.
Watching how PBoC will rein in the current credit squeeze that is being used to force capital to relocate from the property bubble to other useful sectors like infrastructure. A major bad loans spike together with a subprime collapse could crash the party badly in chingland and spill over into asia.
I've not paid attention to the chingland problem, but from what i gather is that the problem lies with the "informal" sector..or rather the under-regulated money lenders "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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youcan'tstopusnow wrote:youcan'tstopusnow wrote:Bolivian President Evo Morales's plane had to be diverted to Austria amid suspicion that US intelligence leaker Edward Snowden was on board, the Bolivian foreign minister has said. Officials in both Austria and Bolivia said Mr Snowden was not on the plane. France and Portugal reportedly refused to allow the Bolivia-bound flight to cross their airspace. The Bolivian defence minister, also on the flight, pilloried the US after the unscheduled landing. "This is a hostile act by the United States state department which has used various European governments," Ruben Saavedra said. http://bbc.co.uk/news/world-europe-23156360
Europe were targets of this espionage yet are quick to cooperate?!? France's foreign intelligence service intercepts computer and telephone data on a vast scale, like the controversial US Prism programme, according to the French daily Le Monde. The French government has sharply criticised the US spying, which allegedly included eavesdropping on official EU communications. http://bbc.co.uk/news/world-europe-23178284
They're all in it together.Its just that the US got exposed first.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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symbols wrote:youcan'tstopusnow wrote:youcan'tstopusnow wrote:Bolivian President Evo Morales's plane had to be diverted to Austria amid suspicion that US intelligence leaker Edward Snowden was on board, the Bolivian foreign minister has said. Officials in both Austria and Bolivia said Mr Snowden was not on the plane. France and Portugal reportedly refused to allow the Bolivia-bound flight to cross their airspace. The Bolivian defence minister, also on the flight, pilloried the US after the unscheduled landing. "This is a hostile act by the United States state department which has used various European governments," Ruben Saavedra said. http://bbc.co.uk/news/world-europe-23156360
Europe were targets of this espionage yet are quick to cooperate?!? France's foreign intelligence service intercepts computer and telephone data on a vast scale, like the controversial US Prism programme, according to the French daily Le Monde. The French government has sharply criticised the US spying, which allegedly included eavesdropping on official EU communications. http://bbc.co.uk/news/world-europe-23178284
They're all in it together.Its just that the US got exposed first. Na Kenya je?  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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A dark magic: The rise of the robot traders. "We allow people with faster connections to place and remove offers or bids faster than the speed of light can deliver that information to the other market participants." http://bbc.co.uk/news/business-23095938
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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youcan'tstopusnow wrote:symbols wrote:youcan'tstopusnow wrote:youcan'tstopusnow wrote:Bolivian President Evo Morales's plane had to be diverted to Austria amid suspicion that US intelligence leaker Edward Snowden was on board, the Bolivian foreign minister has said. Officials in both Austria and Bolivia said Mr Snowden was not on the plane. France and Portugal reportedly refused to allow the Bolivia-bound flight to cross their airspace. The Bolivian defence minister, also on the flight, pilloried the US after the unscheduled landing. "This is a hostile act by the United States state department which has used various European governments," Ruben Saavedra said. http://bbc.co.uk/news/world-europe-23156360
Europe were targets of this espionage yet are quick to cooperate?!? France's foreign intelligence service intercepts computer and telephone data on a vast scale, like the controversial US Prism programme, according to the French daily Le Monde. The French government has sharply criticised the US spying, which allegedly included eavesdropping on official EU communications. http://bbc.co.uk/news/world-europe-23178284
They're all in it together.Its just that the US got exposed first. Na Kenya je? 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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China's gold imports still at unprecedented highs With net gold imports through Hong Kong again exceeding 100 tonnes in May, China looks like heading to absorb over 50% of global gold output this year - and rising. http://www.mineweb.com/m...id=197040&sn=Detail
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Japan plans to switch inflation gauge; may up pressure on BOJ - http://uk.reuters.com/ar...n-idUKBRE9680EW20130709
Quote:The Japanese government plans to adopt a different measure of inflation to the central bank's, an official told Reuters, in a move that could mean it will take longer for Japan to be declared free of deflation and give ammunition to politicians advocating loose policies. Madness to the core... Gubberments are putting up crazy policies as pressure piles up on collapsing tax revenues. $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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British Bank Body Hands Libor To US Exchange - http://news.sky.com/stor...ds-libor-to-us-exchange
Quote:The administration of the controversial Libor benchmark interest rate will be handed to a US stock exchange under a deal to be announced on Tuesday that will remove it from British oversight.
Sky News understands that NYSE Euronext, owner of the New York Stock Exchange, has seen off competition from financial data providers including Thomson Reuters to win a contract to oversee the scandal-hit benchmarks. The ground is very shaky in the fin markets at the moment. The ground is shifting behind the scenes... $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:British Bank Body Hands Libor To US Exchange - http://news.sky.com/stor...ds-libor-to-us-exchange
Quote:The administration of the controversial Libor benchmark interest rate will be handed to a US stock exchange under a deal to be announced on Tuesday that will remove it from British oversight.
Sky News understands that NYSE Euronext, owner of the New York Stock Exchange, has seen off competition from financial data providers including Thomson Reuters to win a contract to oversee the scandal-hit benchmarks. The ground is very shaky in the fin markets at the moment. The ground is shifting behind the scenes... Interesting times.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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http://www.compliancewee...tation/marticle/302191/
When politicians unite to vote overwhelmingly for something it's always at the expense of the public. Soon there will be enrons, not one but many... This market event is coming and soon... The volatility will fry accounts badly esp margin trading. Margin calls will be plenty. Most major market events are usually a cover up of a series of serious corruption. As usual auditors go down too as the shock & awe event knocks about the market. #DisasterCapitalism101 script in play... Don't be caught napping. KK and CMC smell like a similar auditor... $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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We're due for a structural change and there's no avoiding the problems that come with it.Only question is how to come out on top.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Brent crude at $107/- mmhh why's the market overreacting? "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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