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Cde Monomotapa
#1251 Posted : Sunday, August 21, 2011 8:44:24 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Have a look at what India's Essar Group has been doing in Zim lately.

A mega acquisition in which the Essar Group controls 54% and the Zim Govt 46%

So anybody trying to make the Americans and Europeans any special can kiss my behind.

http://www.newzimbabwe.c...co%20deal/business.aspx

http://www.moneycontrol....sitionzisco-_572710.html
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  | | Edit by user: Sunday, August 21, 2011 9:17 PM | Reason: Not specified
hisah
#1252 Posted : Sunday, August 21, 2011 10:44:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Mmm...it's ok for the West to impose sanctions but it's wrong for their companies to comply with domestic laws. This not a new issue..indigenization has been on the cards since the late 90s..the smarter foreign Co.s complied gradually or just packed up and left. We won't miss them. The Chinese & Indians account for 80% of FDI into Zim now. The look East policy is working and anyway Americans & Europeans are broke asses.

Easier said than done. Why? Does zim trade with the two using yuans & rupees? Is zim currently using zim dollars?

If an economical embargo was fronted by the west against zim nation, the ramifications would hurt the people a lot...

The global ponzi owners were very smart crafting that reserve currency system to keep everyone in check & caged.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1253 Posted : Monday, August 22, 2011 6:55:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Finally bloomberg gets the info it sued the fed for in order to disclose the bailout info since 2008. Being a mainstream outlet I'll take this info with a pinch of salt. But it is nice to see those banks that investors have been shorting for the last few weeks is justified. The ponziness...

Ron Paul will definitely fight with fed on this info.

http://www.bloomberg.com...-fed-s-secret-loans.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 22, 2011 6:56 AM | Reason: Not specified
Cde Monomotapa
#1254 Posted : Monday, August 22, 2011 7:48:20 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Mmm...it's ok for the West to impose sanctions but it's wrong for their companies to comply with domestic laws. This not a new issue..indigenization has been on the cards since the late 90s..the smarter foreign Co.s complied gradually or just packed up and left. We won't miss them. The Chinese & Indians account for 80% of FDI into Zim now. The look East policy is working and anyway Americans & Europeans are broke asses.

Easier said than done. Why? Does zim trade with the two using yuans & rupees? Is zim currently using zim dollars?

If an economical embargo was fronted by the west against zim nation, the ramifications would hurt the people a lot...

The global ponzi owners were very smart crafting that reserve currency system to keep everyone in check & caged.

Well, with this recession they'll have to humble themselves. Over the next ten years a new financial order will be in place. The doubts of persisting with the USD as reserve ccy is just talk now but it shall surely come to pass in the coming decade. Their relevance will be greatly tested and if they keep up with the bullying they'll buried in their own arrogance. I bet my life on that. They can kiss black butt.
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Cde Monomotapa
#1255 Posted : Monday, August 22, 2011 7:59:52 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Btw, their double standards annoy me. I see no difference btwn the West's QE program and Zim's pre-2009. They were great critics and vindicated Dr. Gono for his quasi-fiscal actions. But when Uncle Bern ECB, BoE crank the printing press it's diffrent, white and holy? That it won't spawn inflation and lead to a devalued USD, Pound & Euro? That's a lot of BS!!
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  | | Edit by user: Monday, August 22, 2011 8:16 AM | Reason: Not specified
Cde Monomotapa
#1256 Posted : Monday, August 22, 2011 8:22:32 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
In addition, Zim is overly endowed with the kind of natural resources that this world needs to function i.e from Precious Metals to Industrial resources like platinum, steel, coal, nickel e.t.c With such wealth we can do business in any reliable foreign ccy. I am so pleased that Zim is supplying global economic fears/realities (especially Western) with its gold at over $1,800/ounce!! LMAO!!
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hisah
#1257 Posted : Monday, August 22, 2011 10:29:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@cde - the so called west still runs the show until the tables flip. They're flipping now, just be patient. The pound (GBP) was once a reserve currency...


Meanwhile BoA CDS showing serious liquidity distress signals last seen during Lehman's meltdown. The bottom will soon fall out in Europe... If it does, stocks winter will be around earlier than expected.
By Friday this BoA stock will be below the $6 handle.
Anyway fraud banksters should be put out of business.

Banks & politics, we will see - http://www.youtube.com/watch?v=40K7p3kZO9c



Update - Something going down at Goldman & immediately sends the stock down.

http://www.reuters.com/a...n-idUSTRE77L5VK20110822

http://www.truth-out.org...-staffer-darrell-issa/1
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 22, 2011 11:49 PM | Reason: Not specified
hisah
#1258 Posted : Monday, August 22, 2011 11:18:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
DSK (former IMF MD) might be let loose by NY judge.

But the shocker to me is learning that 1kg of chuga is costing 200 bob!? WTH???
I thought diesel above 100/ltr or 1kg of maize flour crazy price was a nightmare enough! 1kg of sugar @200/- is pure extortion.
At this rate the streets will explode! Hapana sasa hii NSE is a no go zone...

http://www.businessdaily...4/-/hbxbpbz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1259 Posted : Tuesday, August 23, 2011 7:27:54 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Jap PM out after renewable energy bill is passed smile

Now how far will that USDJPY fall with a major interventionist getting the boot smile
Remember Tepco holds the largest yen bonds...

No wonder hollywood has run dry of movies, nobody to watch fiction with all the real life drama...

http://af.reuters.com/ar...ws/idAFT9E7J101R20110823
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, August 23, 2011 7:29 AM | Reason: Not specified
hisah
#1260 Posted : Tuesday, August 23, 2011 7:42:21 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
S&P CEO to be replaced by Citibank's COO 2 weeks later after US downgrade...

Don't you just love the current drama smile

http://www.reuters.com/a...t-idUSTRE77M09520110823
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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