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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Bundesbank's Weidmann: 'Deflation Risks are Pretty Limited' 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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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Quote:Don’t rely incautiously on government’s obligations to you if you are a retired government worker. In Argentina… the government suspended state pension payments to 1.4 million retired state employees. It had no money to pay because times got tough, and it had never saved when times were good. The same thing could happen to many governments around the world, whether national, state or local, which pay billions of dollars annually in pensions.
Conquer the Crash (2nd edition), pp. 254-255
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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Putin wants talks with Europe on Ukraine gas debt - http://www.reuters.com/a...s-idUSL6N0N239U20140410
This Ukraine thing... Perfect storm  $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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Putin is not backing down, after all those subsidies he gave to Ukraine, he will tear that country down. "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: 2/26/2012 Posts: 15,980
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Very interesting take time and listen "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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Cde Monomotapa wrote:Cde Monomotapa wrote:Interesting developments from Mzansi. South Africa Eases Restrictions on Companies Investing in Africa A concession announced last year that enables companies listed on the Johannesburg stock exchange to create a holding company to house their African and offshore operations will be extended to other firms. Limits on the amounts that listed companies can invest in Africa without prior approval will be increased to 2 billion rand, from 750 million rand, or 25 percent of their market value, said Ismail Momoniat, deputy director general in the National Treasury. http://www.bloomberg.com...nvesting-in-africa.html
Commerce ministry (of India) adds new Line of Credit for Africa New Delhi: A new Exim Bank Line of Credit for Africa has been introduced to speed up infrastructure project development in the continent, Commerce Minister Anand Sharma said here Sunday. "We've also introduced another Line of Credit, added to the Exim-Bank. The finance ministry has put it together under the Export Credit Guarantee Corporation (ECGC) and the National Exports Insurance Authority (NEIA), for which Buyer's Credit is available for infrastructure projects in Africa," Sharma said at the 10th CII-Exim Bank (Export-Import Bank of India) conclave on India Africa Project Partnership. http://www.trademarksa.o...ca#.Ux2u5qGp6Yw.twitter
China says to ease restrictions on overseas investments China will ease restrictions on overseas investments by local firms and deals below $1 billion will no longer need approval, the country's economic planner said in another step to cut red-tape and facilitate the growth of private investment. The relaxation of rules also comes as Beijing is pushing its companies to venture abroad and is seeking to diversify its $4 trillion foreign-exchange reserves investments. Currently, overseas resource-related investments above $300 million are subject to approvals by the NDRC, while the threshold for deals in other sectors is capped at $100 million. http://www.cnbc.com/id/101574671
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Dear Mr. President. Ile Yuan clearance house vipi? ;-)
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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It'll get interesting soon... Will there be another Enron moment. Very likely...  ** Markets hate confessions. It's confession time ** $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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And the circus in Ukraine gets interesting. Reactions from Putin's letter Quote:The EU is taking seriously President Vladimir Putin’s letter to 18 European countries, in which he warned that Ukraine’s debt crisis could affect gas transit from Russia, German Chancellor Angela Merkel said.
"There are many reasons to seriously take into account this message […] and for Europe to deliver a joint European response,” Itar-Tass reported Merkel as saying.
She said the issue would be discussed in a meeting between European Union foreign ministers Monday. Meanwhile Russian President Vladimir Putin has described Washington’s reaction to his letter to 18 European leaders on the situation in Ukraine as strange. “All this is a bit strange. It is strange because it is not nice to read letters addressed to other people. The letter was not addressed to them but to European gas consumers. Everybody has got accustomed to the fact that our American friends tap conversations. But peeping and spying is not nice at all,” Putin said,  "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: Veteran Joined: 7/22/2011 Posts: 1,325
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Interesting, I would say that this video has a lot of misleading notions sprinkled with some truth. From the very top, they got the definition of fiat money wrong, I'm sure they know the real definition but it probably wouldn't suit their purpose. Then they talked about all fiat money crashing to zero but didn't actually name any of those currencies...hmm Next they invoked fear that since currency has lost value since 1913, your money is not safe in the bank. This is only true if you have been alive since 1913 and experienced the decline of currency value, and if you are dumb enough to put your money in the bank. Another misrepresentation of truth is they keep talking about this is the greatest transfer of money in history, then they refer to some event that happened in 2009, which means that this video was made after 2009, well sorry to burst their bubble but the greatest transfer of money already happened in 2007, and they know this. I would like to know what their gold and silver portfolios look like. This is basically a promo on gold and silver, so that they can cash in on the ignorant who may take their advice. Notice how they only compare the precious metals to currency, no mention whatsoever of stocks...hmmm And they conveniently forget to mention whether the precious metals are at rock bottom prices or if they are at the top. My guess is they were at the top, no group of ten or so "economists" would waste their time telling you to buy precious metals if they didn't stand to gain!
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Rank: Member Joined: 4/14/2011 Posts: 639
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Nabwire wrote:Interesting, I would say that this video has a lot of misleading notions sprinkled with some truth. From the very top, they got the definition of fiat money wrong, I'm sure they know the real definition but it probably wouldn't suit their purpose. Then they talked about all fiat money crashing to zero but didn't actually name any of those currencies...hmm Next they invoked fear that since currency has lost value since 1913, your money is not safe in the bank. This is only true if you have been alive since 1913 and experienced the decline of currency value, and if you are dumb enough to put your money in the bank. Another misrepresentation of truth is they keep talking about this is the greatest transfer of money in history, then they refer to some event that happened in 2009, which means that this video was made after 2009, well sorry to burst their bubble but the greatest transfer of money already happened in 2007, and they know this. I would like to know what their gold and silver portfolios look like. This is basically a promo on gold and silver, so that they can cash in on the ignorant who may take their advice. Notice how they only compare the precious metals to currency, no mention whatsoever of stocks...hmmm And they conveniently forget to mention whether the precious metals are at rock bottom prices or if they are at the top. My guess is they were at the top, no group of ten or so "economists" would waste their time telling you to buy precious metals if they didn't stand to gain! @Nabwire much as he may not have a gud portifolio he seems to have an of where we are headed.Infact China seem to be reading his script.Importing tons n tons of gold and dumping Us dollars thru infrastructure in Africa.perhaps this guy know something we dont.Wazuans alike have also been forewarning us of a massiv wealth transfer opportunity to come that wil be disguised in chaos.cant remember which thread but most likely this one
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