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whiteowl		#4311 Posted : Saturday, July 19, 2014 12:03:59 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		mnandii wrote: whiteowl wrote: murchr wrote: hisah wrote: The Times back in 1986 when Peru's Garcia tried to fight off the IMF during those dark Latin America days. Quote: "All successful revolutions require a foreign enemy. The (International Monetary) Fund is my enemy. But the U.S. errs when it considers my attacks on the fund attacks on the U.S. Washington should realize that the fund is its enemy, too. I want to have good relations with the U.S." --Alan Garcia President Alan Garcia of Peru, a defiant maverick of international finance, has found an improbable ally in his search for radical reform. It is called supply-side economics. The International Monetary Fund, which Garcia calls "a senseless institution," has warned that in April it will declare Peru ineligible for further assistance if $72 million in arrears is not dealt with properly. That may also trigger action from more than 200 creditor banks and rule out any further development assistance from the World Bank, the IMF's sister lending agency. Garcia is prepared for the worst. Last week the central bank disclosed that it had withdrawn Peru's deposits of gold, silver and foreign exchange from U.S. and European banks. http://articles.latimes..../fi-14917_1_alan-garcia It's bizarre that IMF/WB has survived this long with this kind of bully behaviour since the oil embargo of the 70s. But times have indeed caught up with them and the balance has tipped going forward. This will be a spectacular fight and the media headlines will be as juicy as it gets across the global divide as the old fights the new kid (NDB - BRICS) on the block. How many nations are now demanding their gold back? If there's any left Gadaffi demanded gold for his oil and that's probably why he isn't around anymore. It was also very telling that opening a central bank was the 1st thing Libyan rebels did.Historically ditching the dollar has been a very tricky affair.Lets watch how the new fight will go. The US may continue fighting but its likely the end of paper money and central banking (that allows fractional reserve banking and hence booms and burst) is near. Commodity money (gold and silver) coming back big time. In the long-term, I'm always pro gold,silver n other commodities coz they are issued by mother nature and not central bankers. Their prices can be manipulated in the short-term but when the music stops they'll still be valuable unlike fiat money.So such a comeback would be very much welcome
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murchr		#4312 Posted : Wednesday, July 23, 2014 6:06:21 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Credit Suisse out of commodities market after loss "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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hisah		#4313 Posted : Wednesday, July 23, 2014 11:33:19 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: The bizarre banker suicides and murders are still piling up - http://www.bloomberg.com...found-dead-at-home.html The system is fighting hard for survival as confessions in the financial world go mainstream. #West banker faction vs East banker faction guerilla war... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#4314 Posted : Monday, July 28, 2014 11:37:08 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Banks accused of rigging silver price Quote: Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US. Earlier this year, Barclays Bank was fined £26m ($44m) by UK regulators after one of its traders was discovered attempting to fix the price of gold. Market manipulation is the mechanism that runs the financial markets. If the regulators indeed are willing to arrest there would be no financial markets in a short time span. Financial markets don't produce tangible goods which can be compared for fair pricing. The financial market will always have an imbalance since their is not real debt limit. When CBs and treasury step in to goose the econ in a particular direction e.g. liquidity pump or liquidity drain this is called monetary policy. But indeed their actions are just another form of market manipulation with the support of policies, laws and political goodwill. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii		#4315 Posted : Monday, July 28, 2014 5:48:08 PM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		If this is true Quote: As the dust settles in Kiev, another money trail has been revealed… According to reports out of Kiev (see links below), the US has quietly transfers 33 tons of Ukrainian gold out of the country and back to vaults in the US. Presumably, this sovereign wealth transfer would be counted as partial “collateral” for a fresh round of IMF, US FED, and ECB paper debt that is currently being organised for dumping into the Ukraine’s economic black hole Link Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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whiteowl		#4316 Posted : Monday, July 28, 2014 11:09:26 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		mnandii wrote: If this is true Quote: As the dust settles in Kiev, another money trail has been revealed… According to reports out of Kiev (see links below), the US has quietly transfers 33 tons of Ukrainian gold out of the country and back to vaults in the US. Presumably, this sovereign wealth transfer would be counted as partial “collateral” for a fresh round of IMF, US FED, and ECB paper debt that is currently being organised for dumping into the Ukraine’s economic black hole Link So they take away gold and print some paper money in return? Sounds like a better deal than when they were only leaving Bibles not so long ago.
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mnandii		#4317 Posted : Tuesday, July 29, 2014 1:31:59 PM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		Travel firm says Kenya 'joking' about tourism figures Tourism Figures Not Pretty Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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murchr		#4318 Posted : Wednesday, July 30, 2014 4:10:24 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Will Argentina default? "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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mnandii		#4319 Posted : Wednesday, July 30, 2014 7:54:33 PM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		murchr wrote: Will Argentina default? Understanding Argentina’s Coming Default Quote: At the time of this writing, Argentina is a few days away from formally defaulting on its debts.How could this happen three times in just twenty-eight years? link Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Mastermind		#4320 Posted : Wednesday, July 30, 2014 8:20:47 PM
Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley		mnandii wrote: Travel firm says Kenya 'joking' about tourism figures Tourism Figures Not Pretty When i read that statement by KTB i assumed they meant Arrivals and not tourist arrivals. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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