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murchr
#3781 Posted : Friday, July 05, 2013 7:31:03 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Bolivia threatens to close US Embassy - http://www.theglobeandma...-by-us/article13003579/

The 'spy-gate' pandora's box will take a long time to clear its stench...


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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karanjakinuthia
#3782 Posted : Friday, July 05, 2013 2:04:13 PM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
The Euro and the 6th of July

Just 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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youcan'tstopusnow
#3783 Posted : Friday, July 05, 2013 7:24:20 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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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hisah
#3784 Posted : Friday, July 05, 2013 8:22:55 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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hisah
#3785 Posted : Friday, July 05, 2013 8:29:23 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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youcan'tstopusnow
#3786 Posted : Saturday, July 06, 2013 2:18:08 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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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hisah
#3787 Posted : Sunday, July 07, 2013 9:44:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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hisah
#3788 Posted : Monday, July 08, 2013 6:51:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
China’s ICBC knocks Bank of America off the top spot as the biggest bank in the world

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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murchr
#3789 Posted : Monday, July 08, 2013 7:19:28 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
murchr wrote:
China’s ICBC knocks Bank of America off the top spot as the biggest bank in the world

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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symbols
#3790 Posted : Tuesday, July 09, 2013 2:23:04 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
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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