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Cde Monomotapa
#3031 Posted : Monday, February 11, 2013 9:16:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Ghana is next in line for Rand Merchant Bank in West Africa http://www.bdlive.co.za/...-for-rmb-in-west-africa *@Cde waves frantically from NBK* SOS!
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Cde Monomotapa
#3032 Posted : Monday, February 11, 2013 9:22:30 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Tanzania-based trading firm secures $100m RMB loan http://m.engineeringnews...100m-rmb-loan-2013-01-24
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hisah
#3033 Posted : Monday, February 11, 2013 10:05:12 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Egyptian pound is experiencing a run - http://www.reuters.com/a...y-idUSL5N0BA2EZ20130210

Shortly I expect the Egypt CB to devalue the currency and put a fixed rate and ban forex trading as currency wars continues...

So far the top contenders as 2013 unfolds are Argentina, Venezuela, Egypt, Malawi. Soon to join Tunisia, Mali. Also closely watching the rand and brasilia real, S.korea won, Singapore dollar, Malaysian ringgit. Super mario of ECB pulled the brakes on the euro bulls last week.

The more the USD gets devalued, the more the exporting nations will devalue their on ccys to boost their USD reserves. One ugly fight it will be with the massive $, €, ¥ current printing programs until the petrodollar hegemony is overhauled or alternatives spring up with currencies backed up by real assets and not paper IOUs. The fight will then shift to resources grabbing...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#3034 Posted : Monday, February 11, 2013 10:13:27 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Egyptian pound is experiencing a run - http://www.reuters.com/a...y-idUSL5N0BA2EZ20130210

Shortly I expect the Egypt CB to devalue the currency and put a fixed rate and ban forex trading as currency wars continues...

So far the top contenders as 2013 unfolds are Argentina, Venezuela, Egypt, Malawi. Soon to join Tunisia, Mali. Also closely watching the rand and brasilia real, S.korea won, Singapore dollar, Malaysian ringgit. Super mario of ECB pulled the brakes on the euro bulls last week.

The more the USD gets devalued, the more the exporting nations will devalue their on ccys to boost their USD reserves. One ugly fight it will be with the massive $, €, ¥ current printing programs until the petrodollar hegemony is overhauled or alternatives spring up with currencies backed up by real assets and not paper IOUs. The fight will then shift to resources grabbing...

Interesting, here there's atleast a decade of self destruction for a lot of Global Ops out on technicals i.e fx losses & hedges going bad not even real compe. Utajitetea ukiwa wapi? SMH. Infrastructure's a good hedge too, think SSA ;-) Vision 2030
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youcan'tstopusnow
#3035 Posted : Monday, February 11, 2013 4:06:57 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
Ghana is next in line for Rand Merchant Bank in West Africa http://www.bdlive.co.za/...-for-rmb-in-west-africa *@Cde waves frantically from NBK* SOS!

smile
GOD BLESS YOUR LIFE
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karanjakinuthia
#3036 Posted : Monday, February 11, 2013 5:31:06 PM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
The words of Mark Twain:
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murchr
#3037 Posted : Tuesday, February 12, 2013 6:52:57 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Quote:
Nuclear test monitoring agency says detects "unusual seismic event" in North Korea #BREAKING Reuters


Quote:
CNN Breaking News ‏@cnnbrk
Seismic activity reported in area of previous North Korea nuclear tests. http://on.cnn.com/WFJPHA #northkorea
"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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ChessMaster
#3038 Posted : Tuesday, February 12, 2013 7:49:33 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
murchr wrote:
Quote:
Nuclear test monitoring agency says detects "unusual seismic event" in North Korea #BREAKING Reuters


Quote:
CNN Breaking News ‏@cnnbrk
Seismic activity reported in area of previous North Korea nuclear tests. http://on.cnn.com/WFJPHA #northkorea


I guess you were right.N.Korea seems wants to be the number one threat.
Uncertainty is certain.Let go
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hisah
#3039 Posted : Tuesday, February 12, 2013 8:45:59 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Flagging @kk, cde, ceinz, chessmaster

This is a report by OMFIF (Official Monetary and Financial Institutions Forum) report about the escalating currency war and what solution they think is feasible to the crumbling financial hegemony, which is USD based - http://www.omfif.org/downloads/Gold, the renminbi and the multi-currency reserve system.pdf

The mention gold, renminbi (yuan) and a multi-currency reserve system. I don't like their idea of fronting that IMF based reserve system. It'll be the same con game and this is why BRICs are refusing to cooperate.

Still waiting for the day when the USD hegemony will shutter into pieces due to this BRIC wall...

Related reading:

http://www.24hgold.com/e...ntributor=Jim+Willie+CB

http://www.247bull.com/c...to-the-collapse-part-ii/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, February 12, 2013 8:48 AM | Reason: Not specified
hisah
#3040 Posted : Tuesday, February 12, 2013 9:16:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Jap econ is about to experience very serious inflation effects oil price vault past 5yr highs. The yen printing (devaluation) is working like a charm as inflation is responding as per the printers expectation in the ongoing currency war!? Expensive oil plus high inflation = econ nosedive... Japs are savers and they hoard more yens making yen funding expensive again. Time to start buying yens is nigh...

image courtesy of zerohegde.com




Crude oil in yens - http://www.indexmundi.co...hs=120&currency=jpy

Crude oil in euros - http://www.indexmundi.co...hs=120&currency=eur

Well the crude oil price escalation in euros & yens can oil lead to a nosedive in those 2 econs. Everytime brent vaults past $120/bb down the global markets go since the global econ is still weak since GFC bombed out.

Global econ recovery indeed...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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