Wazua
»
Investor
»
Economy
»
Investors Lounge
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
hisah wrote:murchr wrote:ATMs run out of cash The Greek parliament has backed plans for a referendum on international creditors' terms for a new bailout. The 5 July referendum was called by PM Alexis Tsipras, who opposes further budget cuts. He urged voters to deliver a "resounding 'no'" to the package. Eurozone partners have criticised Greece's referendum announcement, and rejected its request to extend the bailout programme beyond 30 June. Greece could default on a €1.6bn (£1.1bn) IMF repayment due on that day. http://www.bbc.com/news/world-europe-33302526
6 day bank holiday declared to avoid bank runs. Yes, the banks will remain shut for those 6 days with a 60 euro ATM withdrawal limit per day.
Obviously Hellena has defaulted on IMF as tomorrow's deadline will come and go without paying a dime. How is this not a default? how do you survive with 60 euros/day.tough times indeed
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
57 countries hold signing ceremony to launch China-led bankFinally the AIIB has been launched and many Washington allies are on board. Not a nice week for IMF lot. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
@hisah what more can you say about this? The Sino-Indo physical holding might is known. Will it eventually show on the referencing? For now though India must be pleased with the current prices considering their current account  ?? China targets counterweight in gold trade with yuan fix
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Cde Monomotapa wrote:@hisah what more can you say about this? The Sino-Indo physical holding might is known. Will it eventually show on the referencing? For now though India must be pleased with the current prices considering their current account ?? China targets counterweight in gold trade with yuan fix Once all the chips fall into place we'll get to see why they've been hoarding gold like madness. I believe once gold fix pushes price below $1080/Oz the move will begin. Stay tuned.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
@cde - BRICS bank aka NDB will be officially operational from July 9 after the summit in Ufa, Russia. So that means AIIB and NDB will now be in full gear this month. Let's see how greece pans out. Exciting times ahead, but not for IMF and allied banksters. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:Cde Monomotapa wrote:@hisah what more can you say about this? The Sino-Indo physical holding might is known. Will it eventually show on the referencing? For now though India must be pleased with the current prices considering their current account ?? China targets counterweight in gold trade with yuan fix Once all the chips fall into place we'll get to see why they've been hoarding gold like madness. I believe once gold fix pushes price below $1080/Oz the move will begin. Stay tuned. So that's a re-tracement before the upswing. Alright. Was reading some WGC report and India wanjiku prefer that to banking/fiat - cultural. I think Gold producers are hurting unnecessarily, fundies are exceptional, serious fixing. Here I've seen the Mining CS at the LME, the ministry could be mulling a metals exchange? Africa is minerals wealthy! Btw, Zim has been holding its diamond auctions in Hre, moved from Antwerp.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:@cde - BRICS bank aka NDB will be officially operational from July 9 after the summit in Ufa, Russia.
So that means AIIB and NDB will now be in full gear this month. Let's see how greece pans out. Exciting times ahead, but not for IMF and allied banksters. Indeed, about time. A more political & economically democratic world. Stability, peace & progress. The South-South movement would surely do with more influence, Greece could be another buddy & client. IMF snookered in these times indeed. Very interesting.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
@hisah NCDEX to launch gold delivery centre in Hyderabad 2 Jul, 2015. Quote:HYDERABAD: National Commodity and Derivatives Exchange ( NCDEX) will launch its gold delivery centre here tomorrow and are set to open two more in Mumbai and Jaipur soon, a top official said today. Read more at: http://economictimes.ind...t&utm_campaign=cppst
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Cde Monomotapa wrote:@hisah NCDEX to launch gold delivery centre in Hyderabad 2 Jul, 2015. Quote:HYDERABAD: National Commodity and Derivatives Exchange ( NCDEX) will launch its gold delivery centre here tomorrow and are set to open two more in Mumbai and Jaipur soon, a top official said today. Read more at: http://economictimes.ind...&utm_campaign=cppst
China plans to launch yuan gold fix by end of 2015
I'm sure you can see what the artist (BRICS) is painting?
Quote:China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world's biggest bullion producer and consumer more influence over pricing.
The first public confirmation made by an exchange official comes after Reuters cited sources in February on the proposal for the fix to be set through trading on the SGE, the world's biggest physical bullion exchange. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Former IMF Economist Veerathai to Head Thai Central BankQuote:Veerathai Santiprabhob, a former economist at the International Monetary Fund, has been named the new governor at the Bank of Thailand.
The new chief will grapple with falling exports and deflation in an economy that grew at the slowest pace in four years in 2014, with policy space limited by the prospect of higher U.S. interest rates and diminished firepower after two unexpected rate cuts this year. Elections have been delayed until next year by coup leader-turned-Prime Minister Prayuth Chan-Ocha, adding to the uncertainty. Just like the KE blueprint. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Reserve Bank, People’s Bank of China sign renminbi agreement Quote:THE Reserve Bank and the People’s Bank of China signed a memorandum of understanding for the clearing and settlement of renminbi in SA‚ which could make it easier and cheaper for SA to trade in goods and services with China. http://www.bdlive.co.za/...-sign-renminbi-agreement
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Cde Monomotapa wrote:Reserve Bank, People’s Bank of China sign renminbi agreement Quote:THE Reserve Bank and the People’s Bank of China signed a memorandum of understanding for the clearing and settlement of renminbi in SA‚ which could make it easier and cheaper for SA to trade in goods and services with China. http://www.bdlive.co.za/...sign-renminbi-agreement
Finally then the shift to KE and Egypt.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
1M plus views for this thread  Where did the owner disappear to? It's been a while since @kk posted. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
@cde today is July 9th the day BRICs bank (NDB) goes live while the peasants are being entertained by Greece crisis and crashing chinese equities. Stay tuned. The money masters brawl is about to escalate. Stay focussed. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:Cde Monomotapa wrote:Reserve Bank, People’s Bank of China sign renminbi agreement Quote:THE Reserve Bank and the People’s Bank of China signed a memorandum of understanding for the clearing and settlement of renminbi in SA‚ which could make it easier and cheaper for SA to trade in goods and services with China. http://www.bdlive.co.za/...sign-renminbi-agreement
Finally then the shift to KE and Egypt. Also, from my observations of recent market events the SSE has become a bonafide member of the 'round-trip circuit' correlation i.e. NYSE, LSE, DAX, TSE, <SSE>. A brutal trailer, however, of the intrigues of the 'flight to safety' jingle. PPT!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Some reads here to cap the week.
$100 Billion BRICS Lender More Keen on Risk Than World Bank http://www.bloomberg.com...rojects-than-world-bank
China wants more control over the global gold market. http://www.marketwatch.c...on-2015-07-09?link=sfmw [Excellent report esp. the paper, physical, demand, supply dynamics]
|
|
|
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
|
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Image courtesy of Phoenix Capital Research.  The trouble with crude oil on the long term chart!  Heading below $30 and I think that's a conservative estimate!! Equities will nosedive also to price in this reality. That crude oil nosedive signals that the global econ is in trouble due to weak demand. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
The BRICS Bank, AIIB promise partnership, loans Issued In YuanThe Petrodollar hegemony reality check arrives from April 2016! @cde, keep tabs on this as well as the gold price collapse. Next year will be awesome to follow the money. Old system vs new system super brawl. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Wazua
»
Investor
»
Economy
»
Investors Lounge
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|