151

Re: The Looming Economic Tsunami.

No walls to save eurozone from ‘Greece amputation’ domino effect – Varoufakis
Published time: April 20, 2015 04:39


Reuters / Yannis Behrakis


Those in the EU who want Greece to leave the eurozone are playing with fire, country’s Finance Minister said, claiming that no “fence” could possibly exist that would protect the union from a domino effect should Greece or any other member leave.


“Anyone who toys with the idea of cutting off bits of the eurozone, hoping the rest will survive is playing with fire,” Yanis Varoufakis told La Sexta, a Spanish TV channel. In an interview, recorded 10 days ago but broadcast on Sunday, Varoufakis warned that those in the EU who think they have been “ring-fenced” from the Greek struggle are mistaken.


“Some claim that the rest of Europe has been ring-fenced from Greece and that the ECB has tools at its disposal to amputate Greece, if need be, cauterize the wound and allow the rest of eurozone to carry on,” Varoufakis said. “I very much doubt that that is the case. Not just because of Greece but for any part of the union.”



The fear factor in terms of a potential domino effect throughout Europe will be impossible to ignore if Athens is pushed to a point where it will have to consider exiting the eurozone. A default in Greece would have a ripple effect on the European economy, as Greece’s debt is tied to the European Central Bank, and shares a currency with 18 other eurozone members.


Read more
European central banks urge ditching Greek assets, as default fears mount – media


“Once the idea enters peoples’ minds that monetary union is not forever, speculation begins ... who’s next? That question is the solvent of any monetary union. Sooner or later it’s going to start raising interest rates, political tensions, capital flight,” Varoufakis warned.


French Finance Minister Michel Sapin claimed last week that the union can survive without Greece.


“If something damaging happens, it will be for Greece that it will be serious, for the Greek people, not for the other countries of the eurozone. We’re not at all in the same situation that we were in four or five years ago,” Sapin told reporters Saturday.


Over the years, Sapin said, EU economies grew to protect their banking system, to “build walls,” and to offer protection to those in the union if Greek exit ever happens. The French FM also called on Athens to abide by treaties and agreements signed.


In February, Greece’s creditors agreed to temporarily extend the bailout program until June while Athens is preparing an economic reform plan that the new government hope would finally set the country on a course of economic growth. A framework deal between Greece and its EU creditors is due on April 24.


Read more
Greece will ‘compromise’ with creditors, but ‘not going to be compromised’


Despite expressing clear intentions of averting default and remaining in the eurozone, Greece is struggling to keep its head above water and borrow money for regular repayments to its creditors. EU creditors want more reforms from Greece to get more funding. Greeks, instead of austerity policies, want to focus on stimulus schemes needed to recover economic growth.


“The Greek government has presented a realistic reform plan that doesn’t contain recessionary measures or burden the weaker layers of society, yet gives the economy breathing space,” Syriza party spokeswoman Rania Svigou said Sunday, Bloomberg reports. “The government will exhaust all possibilities for a solution that respects the mandate of the Greek people.”


http://rt.com/news/251093-greece-eurozo … no-effect/

AFRICA CENTER OF THE WORLD!!

152

Re: The Looming Economic Tsunami.

US should write laws of global economy, not China - Obama
Published time: April 17, 2015 12:53
Edited time: April 19, 2015 10:52


The laws of the global economy should be written by the United States and not by the likes of China according to President Obama, as concern over China’s influence is growing. Washington hopes a Pacific free trade pact will curb Beijing’s investment bank.
.....................
.............


http://rt.com/business/250497-obama-eco … ina-trade/

AFRICA CENTER OF THE WORLD!!

153

Re: The Looming Economic Tsunami.

stena wrote:

US should write laws of global economy, not China - Obama
Published time: April 17, 2015 12:53
Edited time: April 19, 2015 10:52


The laws of the global economy should be written by the United States and not by the likes of China according to President Obama, as concern over China’s influence is growing. Washington hopes a Pacific free trade pact will curb Beijing’s investment bank.
.....................
.............


http://rt.com/business/250497-obama-eco … ina-trade/


Heb je oor een ECHTE LINK naar de uitspraak die Obama gedaan zou hebben. Russia Today, de spreekbuis van Putin, staat immers bekend om het hoge gehalte leugens en verzinsels.

Je nabestaanden herinneren je niet om je rijkdom maar om je prestaties en realisaties.
DEEDEEDBEE NÉÉ

154

Re: The Looming Economic Tsunami.

kneus,
stuur een mailtje naar RT wellicht hebben zij de link voor je. big_smile

AFRICA CENTER OF THE WORLD!!

155

Re: The Looming Economic Tsunami.

stena wrote:

kneus,
stuur een mailtje naar RT wellicht hebben zij de link voor je. big_smile


Stena toont graag haar paarse gedrag:  "Liegende losers die nooit zelf de verantwoordelijkheid nemen voor hun eigen gedrag maar altijd middels puberale opmerkingen trachten er onderuit te komen.


Bij een puber van 14 kan ik dat gedrag nog begrijpen, maar bij een oud wijf is het gewoon HUFTER GEDRAG, typisch paars

Je nabestaanden herinneren je niet om je rijkdom maar om je prestaties en realisaties.
DEEDEEDBEE NÉÉ

156

Re: The Looming Economic Tsunami.

Neus wrote:
stena wrote:

kneus,
stuur een mailtje naar RT wellicht hebben zij de link voor je. big_smile


Stena toont graag haar paarse gedrag:  "Liegende losers die nooit zelf de verantwoordelijkheid nemen voor hun eigen gedrag maar altijd middels puberale opmerkingen trachten er onderuit te komen.


Bij een puber van 14 kan ik dat gedrag nog begrijpen, maar bij een oud wijf is het gewoon HUFTER GEDRAG, typisch paars

Kneus toont graag haar verliezers gedrag:  "Liegende losers die nooit zelf de verantwoordelijkheid nemen voor hun eigen gedrag maar altijd middels puberale opmerkingen trachten er onderuit te komen.


Bij een puber van 14 kan ik dat gedrag nog begrijpen, maar bij een oud wijf is het gewoon HUFTER GEDRAG, typisch kneus sad

AFRICA CENTER OF THE WORLD!!

157

Re: The Looming Economic Tsunami.

Een aanrader voor iedereen die een beetje economisch is onderlegd; luister naar het verhaal, bekijk de grafieken, lees het boek, en vorm je eigen mening.



http://pro.moneymappress.com/MMRBSSH39P … 46/?h=true

AFRICA CENTER OF THE WORLD!!

158

Re: The Looming Economic Tsunami.

The Standard
19 JULY 2015


China's Stock Market Crash Tests Market Reforms

By Nesbert Ruwo, Jotham Makarudze


The collapse of the Chinese equity market could have revived memories of the 1929 Wall Street market crash.


The wealth of Americans simply disappeared when the market crashed and this was a part trigger of the Great Depression, the 20th century world's longest and deepest global recession.


Chinese equity market is composed of three stock exchanges -- the mainland Shanghai and Shenzhen stock exchanges, and Hong Kong's Hang Seng stock exchange. The World Federation of Exchanges valued the Chinese mainland equity market at just over $10 trillion (Shanghai $5,9 trillion and Shenzhen at $4,4 trillion) at end of May 2015. Hang Seng had a valuation of $3,9 trillion.


World Bank measures China (2014) GDP in current US$ at $10,36 trillion.


The Chinese mainland market more than doubled over the past year, returning 159% from beginning of July 2014 to its peak on June 12 2015. Subsequent to that, the market lost almost a third of its peak value in less than 30 days. More than US$3 trillion in value was wiped away in that sell-off. Even after this dramatic fall, the Shanghai and Shenzhen composites still show an impressive return of at least 90% each in one year.


The strong run has been supported by Chinese government interest rate cuts, financial reforms which facilitated easier equities trading between the Shanghai and Hong Kong markets and allowed margin trading coupled with double digit economic growth and growing individual discretionary income.


China's economy has experienced decades of impressive economic growth on the back of massive industrialisation and urbanisation. China has been the world's fastest-growing economy for almost three decades, achieving growth rates of almost 10% annually. The trend is however showing signs of cooling off to sub-double digit growth rate. China is targeting growth of about 7% for 2015, which remains rich given the size of the Chinese economy.


China's mainland stock markets were a preserve only for Chinese investors until recent government reforms allowed limited foreign investor participation. As part of President Xi Jinping's market reforms, a major capital liberalisation reform in the form of the Shanghai-Hong Kong Stock Connect programme -- launched last November -- allowed investors in either of the two markets to buy shares in the other market without prior approval.


Thus foreign investors with Hong Kong brokerage accounts could access Shanghai listed entities which sent the Shanghai shares north as international capital coupled with local money piled into the market. The Shenzhen-Hong Kong Connect is still on the cards. As such, only a few foreign fund managers can trade in the Shenzhen market.


Unfortunately, a majority of individual investors were driven by what the former US Fed chair, Alan Greenspan, termed irrational exuberance and drove the Chinese stock market into an overbought territory. Most companies listed on the Shenzhen are trading at price earnings multiples of at least 100 times, and dozens of these are trading at over a thousand times P/E multiples.


It is estimated that over 90 million individual investors have been playing the market. The impressive returns and limited investment options drove individuals to dump in their savings into the market, in a typical herding behaviour. Research reports show that margin trading, that is buying shares using borrowed money, increased dramatically (at least five fold by some measures) over the past year. High volume of margin trading is in itself an indicator of stock market risk.


When the house of cards came crumbling down, potentially exposing millions of investors, and threatening the perception towards President Xi Jinping's free market reforms, the government unveiled a number of interventions to prepare the market for a soft landing. These included suspension of trading of shares of nearly half of the listed companies, restricting short selling, halting on new listings which was aimed at redirecting new money into existing listed shares, and lending 260 billion yuan (about $42 billion) to brokerage firms to purchase stocks. These interventions supported a short-term rally as the main indices recovered. The biggest question is whether the price rally will be sustained once the interventions are pulled off. Our view is that the interventions will only delay the exposition of the Chinese stock market underlying risks.


An important implication of these interventions is that it has damaged the reputation of the Chinese authorities with respect to their efforts to bring about market reforms. The reforms have taken the form of interest rate and capital accounts liberalisation meant to underpin the Renminbi (China's currency) into a free tradeable international reserve currency. In the eyes of international investors, the economy is still state dominated and the reforms are a long way to come.


Could a serious financial crisis be brewing in China? Some parallels can be drawn between this crash and that of the Wall Street in 1929. The US market, then, is said to have been fuelled by an influx of the financially "unsophisticated" investors who saw the soaring market as an opportunity to make quick investment returns. The US market lost 89% from its peak and interventions by major banks then failed to floor the crash.


While wanting to embrace free market forces, the Chinese government was forced to take seemingly free market-negating interventions than watch market forces bring about valuation correction of the Chinese market. In the short term, the correction is and will be painful, but as more Chinese households and foreign investors participate on the Chinese market, the long term could be positive for the market.


Nesbert Ruwo (CFA) and Jotham Makarudze (CFA) are investment professionals based in South Africa. They can be contacted on media@opportunvest.co.za

AFRICA CENTER OF THE WORLD!!

159

Re: The Looming Economic Tsunami.

Pepe Escobar is an independent geopolitical analyst. He writes for RT, Sputnik and TomDispatch, and is a frequent contributor to websites and radio and TV shows ranging from the US to East Asia. He is the former roving correspondent for Asia Times Online. Born in Brazil, he's been a foreign correspondent since 1985, and has lived in London, Paris, Milan, Los Angeles, Washington, Bangkok and Hong Kong. Even before 9/11 he specialized in covering the arc from the Middle East to Central and East Asia, with an emphasis on Big Power geopolitics and energy wars. He is the author of "Globalistan" (2007), "Red Zone Blues" (2007), "Obama does Globalistan" (2009) and "Empire of Chaos" (2014), all published by Nimble Books. His latest book is "2030", also by Nimble Books, out in December 2015.


Published time: 8 Mar, 2016 16:46



“BRICS” is the dirtiest of acronyms in the Beltway/Wall Street axis, and for a solid reason: the consolidation of the BRICS is the only organic, global-reach project with the potential to derail Exceptionalistan’s grip over the so-called “international community.”
So it’s no surprise the three key BRICS powers have been under simultaneous attack, on many fronts, for some time now. On Russia, it’s all about Ukraine and Syria, the oil price war, the odd hostile raid over the ruble and the one-size-fits-all “Russian aggression” demonization. On China, it’s all about “Chinese aggression” in the South China Sea and the (failed) raid over the Shanghai/Shenzhen stock exchanges.


Brazil is the weakest link among these three key emerging powers. Already by the end of 2014 it was  clear the usual suspects would go no holds barred to destabilize the seventh largest global economy, aiming at good old regime change via a nasty cocktail of political gridlock (“ungovernability”) dragging the economy to the mud.


Myriad reasons for the attack include the consolidation of the BRICS development bank; the BRICS’s concerted push for trading in their own currencies, bypassing the US dollar and aiming for a new global reserve currency to replace it; the construction of a major underwater fiber-optic telecom cable between Brazil and Europe, as well as the BRICS cable uniting South America to East Asia – both bypassing US control.


And most of all, as usual, the holy of the holies – connected with Exceptionalistan’s burning desire to privatize Brazil’s immense natural wealth. Once again, it’s the oil.


Get Lula or else
WikiLeaks had already exposed how way back in 2009 Big Oil was active in Brazil, trying to modify – by all extortion means necessary – a law proposed by former president Luiz Inácio Lula da Silva, known as Lula, establishing profitable state-run Petrobras as the chief operator of all offshore blocks in the largest oil discovery of the young 21st century; the pre-salt deposits.


Lula not only kept Big Oil – especially ExxonMobil and Chevron – out of the picture but he also opened Brazilian oil exploration to China’s Sinopec, as part of the Brazil-China (BRICS within BRICS) strategic partnership.


Hell hath no fury like Exceptionalistan scorned. Like the Mob, it never forgives; Lula one day would have to pay, like Putin must pay for getting rid of US-friendly oligarchs.


The ball started rolling with Edward Snowden revealing how the NSA was spying on Brazilian President Dilma Rousseff and top Petrobras officials. It continued with the fact that the Brazilian Federal Police cooperate, receive training and/or are fed, closely, by both the FBI and CIA (mostly in the anti-terrorism sphere). And it went on via the two-year-old “Car Wash” investigation, which uncovered a vast corruption network involving players inside Petrobras, top Brazilian construction companies and politicians from the ruling Workers’ Party.


The corruption network is real – with “proof,” usually oral, rarely backed up by documents, obtained mostly from artful dodgers-cum-serial liars who rat on someone as part of a plea bargain.


But for the “Car Wash” prosecutors, the real deal was, from the beginning, how to ensnare Lula.


Enter the tropical Elliott Ness
That brings us to the Hollywood spectacular enacted last Friday in Sao Paulo that sent shockwaves around the world. Lula “detained,” interrogated, humiliated in public. This is how I analyzed it in detail.


Plan A for the Hollywood-style blitz on Lula was an ambitious double down; not only to pave the way for the impeachment of President Dilma Rousseff under a “guilty by association” stretch, but to “neutralize” Lula for good, preventing him from running for office again in 2018. There was no Plan B.


Predictably – as in many an FBI sting – the whole op backfired. Lula, in a political master class of a speech beamed live across the country, not only convincingly clad himself as the martyr of a conspiracy, but also re-energized his troops; even respectable conservatives vocally condemned the Hollywood show, from a minister in the Supreme Court to a former justice minister, as well as top economist Bresser Pereira, one of the founders of the PSDB – the former social democrats turned Exceptionalistan-allied neoliberal enforcers and leaders of the right-wing opposition.


Bresser actually stated the Brazilian Supreme Court should intervene on Car Wash to prevent abuses. Lula, for instance, had asked for the Supreme Court to detail which jurisprudence was relevant to investigate the accusations against him. Moreover, a lawyer on center stage during the Hollywood blitz said Lula answered all questions during the almost four-hour interrogation without blinking – questions he had already answered before.


Lawyer Celso Bandeira de Mello, for his part, went straight to the point: the Brazilian upper middle classes – which include a largely appalling lot wallowing in arrogance, ignorance and prejudice, whose dream is a condo in Miami - are fearful and terrified to death that Lula may run, and win again, in 2018.


And that brings us to the judge and executioner of the whole drama: Sergio Moro, Car Wash’s leading actor.


Moro’s academic career is hardly exciting. He’s not exactly a theorist heavyweight. He graduated as a lawyer in 1995 in a mediocre university in the middle of nowhere in one of Brazil’s southern states and made a few trips to the US, one of them financed by the State Department to learn about money laundering.


As I noted before, his chef-d’oeuvre is an article published way back in 2004 in an obscure magazine (in Portuguese only, titled Considerations about Mani Pulite, CEJ magazine, issue number 26, July/September 2004), where he clearly extols “authoritarian subversion of juridical order to reach specific targets” and using the media to intoxicate the political atmosphere.


In a nutshell, judge Moro literally transposed the notorious 1990s Mani Pulite (“Clean Hands”) investigation from Italy to Brazil – instrumentalizing to the hilt mainstream media and the judiciary to achieve a sort of “total delegitimization” of the political system. But not the whole political system; just the Workers’ Party, as if the comprador elites permeating Brazil’s rightwing spectrum were cherubic angels.


So it comes as no surprise that Moro’s prime sidekick as Car Wash unrolled is the Marinho family’s oligopoly, the Globo media empire – a nest of reactionary, and not very clever, vipers who entertained very cozy relations with the Brazilian military dictatorship from the 1960s to the 1980s. Not by accident, Globo was informed about Lula’s Hollywood-style “arrest” way before the fact, allowing it to invest in CNN-style blanket coverage.


Moro is viewed by legions in Brazil as an indigenous Elliot Ness. Other lawyers who have closely followed his work though hint he harbors the warped fantasy of a Workers’ Party as a mob leeching and plundering the state apparatus with the aim of delivering it, in pieces, to trade unions.


According to one of these lawyers who talked to Brazilian independent media, a former president of the Lawyers’ Association in Rio, Moro is surrounded by a bunch of young fanatical prosecutors, with little juridical knowledge, and posing as the Brazilian Antonio di Pietro (but without the solidity of the “Clean Hands” Milanese prosecutor). Worse, Moro is oblivious that the implosion of the Italian political system led to the rise of Berlusconi. In Brazil, it would certainly lead to the rise of a clown/village idiot supported by the Globo empire, whose oligopolistic practices are quite Berlusconian.


The digital Pinochets
A case can be made that the Hollywood blitz on Lula holds a direct parallel to the first attempt at a coup d’etat in Chile in 1973, which tested the waters in terms of popular response before the real deal. In the Brazilian remix, assorted Globo media maggots pose as digital Pinochets. At least many a street in Sao Paulo now bears graffiti to the effect of “Military coup – Never again.”


Yes, because this is all about a white coup – in the form of a Rousseff impeachment and sending Lula to the gallows. But old (military) habits die hard; Globo media maggots are now extolling the Army to take to the streets to “neutralize” popular militias. And this is just the beginning. Right-wingers are getting ready for a national mobilization on Sunday calling for – what else – Rousseff’s impeachment.


Car Wash’s merit is to investigate corruption, collusion and traffic of influence in abysmally corrupt Brazil. But everyone, every political faction, should be investigated – including those representing Brazilian comprador elites. That’s not the case. Because the political project allied with Car Wash couldn’t care less about “justice”; the only thing that matters is to perpetuate a vicious political crisis as a means to drag the seventh largest economy in the world into the mud and reach the Holy Grail: a white coup, or good ol’ regime change. But 2016 is not 1973, and the whole world by now knows who’s a sucker for regime change.


The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

AFRICA CENTER OF THE WORLD!!

160

Re: The Looming Economic Tsunami.

http://pro.strategicinvestment.com/NDPC … 33/?h=true

AFRICA CENTER OF THE WORLD!!

161

Re: The Looming Economic Tsunami.

World seeing ‘greatest monetary policy experiment in history’ - Rothschild
Published time: 16 Aug, 2016 14:32
Edited time: 16 Aug, 2016 14:32


Low interest rates, negative yields on government debt and quantitative easing are part of the biggest financial experiment in world history, and the consequences are yet unknown, says RIT Capital Partners Chairman Lord Rothschild.


“The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale,” Rothschild writes in the company's semi-annual financial report.


The banker notes this policy has led to a rapid growth of stock markets - US stocks have grown threefold since 2008 - with investments growing and volatility remaining low.


However, the real sector of economy didn’t enjoy such a profit, as “growth remains anemic, with weak demand and deflation in many parts of the developed world,” according to Rothschild.


The billionaire underlined that many risks remain for the global economy with the deteriorating geopolitical situation. Among those risks Rothschild included Britain's vote to leave the European Union, the US presidential election, and China's slowing economic growth. Another risk is global terrorism, which Rothschild says is a consequence of the continuing conflict in the Middle East.


According to a Bank of America Merrill Lynch report in June, interest rates in developed countries, in particular America’s 0.5 percent, are now at the lowest level in 5,000 years. In their battle against deflation, countries such as Sweden, Switzerland or Japan have even turned to negative key lending rates.


Another woe is negative yields on government bonds. In June, 10-year German government bonds dipped below 0 percent for the first time in history. Janus Capital has estimated that global yields are the lowest in 500 years, and the total amount of such bonds is $10 trillion. The investment group’s lead portfolio manager, Bill Gross, is calling it a “supernova that will explode one day.”


https://www.rt.com/business/356148-roth … d-economy/

AFRICA CENTER OF THE WORLD!!

162 (edited by zonnigsuri 2016-08-16 17:00:31)

Re: The Looming Economic Tsunami.

Off topic


http://nos.nl/artikel/2126145-syriegang … -vast.html


Dialogisch met allah t levert massa marsen op.

't Wijst zich vanzelf.
Blijven lachen is veel gezonder.   ZONNIGSURI

163 (edited by zonnigsuri 2016-08-16 17:06:39)

Re: The Looming Economic Tsunami.

Er zijn


verhalen


Beloftes


Prognoses


Verwachtingen


Voorspellingen


Leugens


en statistieken.



Hoe doet u er uw voordeel mee?

't Wijst zich vanzelf.
Blijven lachen is veel gezonder.   ZONNIGSURI

Re: The Looming Economic Tsunami.

Tja en rotzooi van de voorganger die opgeruimd moesten worden.


Desondanks toch meer bereikt.


Met een beetje analytisch- / organisatorisch- / methodieken inzicht, kennis en ervaring zou je dat toch wel moeten kunnen inzien. Maar ja, haat verblindt. Zielig en zuur is het wel.


zonnigsuri wrote:

Er zijn


verhalen


Beloftes


Prognoses


Verwachtingen


Voorspellingen


Leugens


en statistieken.



Hoe doet u er uw voordeel mee?

Te wakago e bari son o opo.
Ef' i no sab' yorkafowru i no m' tak' yorkatori.

Negativiteit breekt meer af voor het land dan wat bereikt wordt voor de persoonlijke doelen.

Re: The Looming Economic Tsunami.

Tja en rotzooi van de voorganger die opgeruimd moesten worden.
?????


Desondanks toch meer bereikt.
?????
1 miljard verdwenen/ het volk in schuldenrotsooi voor jaren en jaren/Jokkers van de valse beloften.



Met een beetje analytisch- / organisatorisch- / methodieken inzicht, kennis en ervaring zou je dat toch wel moeten kunnen inzien. Maar ja, haat verblindt. Zielig en zuur is het wel.


Heldere brol met schulden en leningen is veel meer bereikt.. Arm volk van Suriname. En dat noemt " socialistisch"??
Tja de zieligzure corruptkraail in dr haatkooitje zet zich voor 11/16 jaren achter diefijzer


Discussie afgesloten. kooi idem
DONE
==================================================



    Er zijn


    verhalen


    Beloftes


    Prognoses


    Verwachtingen


    Voorspellingen


    Leugens


    en statistieken.



    Hoe en wat is precies wanneer bereikt concreet en socialistisch gezien?
    doe maar geen

't Wijst zich vanzelf.
Blijven lachen is veel gezonder.   ZONNIGSURI

166

Re: The Looming Economic Tsunami.

'Be worried: Serious economic crisis on horizon' – Jim Rogers
Published time: 6 Sep, 2016 14:13


Investor Jim Rogers has some sobering words on the future of the global economy. Even though the leading oil producers are working on price stabilization, he warns another significant economic crash could be on the cards within a couple of years.
Oil prices spiked on Monday after Russia and Saudi Arabia agreed working toward market stabilization. The two countries are setting up a working group to help support prices, after the collapse in 2014.


RT: What can the two countries do to stabilize prices?


Jim Rogers: The Saudis have made it clear they don’t want to cut production and they are right, in my view. I am not Saudi Arabian so I can’t tell them what to do. The Russians want to cut production, that’s not what I would do. I would let the market play itself out. It is taking a while but the high cost producers are closing down and going out of business. You are forcing the high cost exploration to stop. There is no exploration. Exploration budgets are cut by ninety percent. This eventually means no oil supply, and the price goes through the roof again. Why would you sell your oil down at these prices if you could wait and sell it later?


RT: People are trying to steady the oil market. A couple of countries are discussing freezing output. But if they freeze output to summer levels, that would ensure the continued flooding of the market and continued low prices, yes or no?


JR: Yes, you are making my case. Why bother? Let the market sort it out. The market is sorting it out. The Canadian oil sands cannot make money right now. The frackers in America cannot. The people in deep drilling cannot make money. The budgets are drying up. Take your time, be patient.


RT: Russia was severely hit by the falling prices, but Saudi Arabia now is trying to make some moves for some sort of sense of normality. What’s prompting Riyadh to make moves these days?


JR: Saudi Arabia is running out of money, too. You may know they just borrowed huge amounts of money. They have a gigantic budget. They are keeping a lot of people on the payroll in Saudi Arabia… But that’s good because that forces the market to adjust eventually. But in the meantime, Saudi Arabia is suffering, Venezuela, Nigeria, Kazakhstan, Russia, they all are suffering. But it will come back.


 
RT: Some people argue that the oil price drop has been a war against BRICS nations. They are all in big trouble, aren’t they?

JR: It is not a war against the BRICS nations it is good for China and India that the price is down. That’s inaccurate whoever is saying that.


RT: The King of Bahrain is in Moscow for talks with President Putin. Bahrain is also a major oil producer. Do you expect any agreements to come out of their meeting?


Read more
© Darrin Zammit Lupi‘Be prepared, oil prices may hit rock bottom’ – Jim Rogers, US investor


JR: No, Bahrain is not a major producer, they have some oil but their oil has been running out. Maybe he is an intermediary for the Saudis. You know, he’s in bed with the Saudis so perhaps that is what he’s doing.


RT: Some countries are trying to move away from the petrodollar today. What are your thoughts on that?


JR: Buy rubles. I own the ruble, full disclosure. The ruble has hit bottom as far as I am concerned; oil is making a bottom, a complicated bottom, but I’d rather buy rubles than just about any currency these days.


RT: A lot of people are talking about a massive economic crash that is on the horizon. Is there any truth to that?


JR: You should be very worried. There is going to be a serious economic crisis in the next year or two. We all are going to pay a horrible price for the artificial money coming out of America and other central banks. We’re all going to have a huge problem. Be worried, be worried.

AFRICA CENTER OF THE WORLD!!

167

Re: The Looming Economic Tsunami.

Deutsche Bank woes stoking fears of 2008 financial crisis repeat
Published time: 28 Sep, 2016 10:34
Edited time: 28 Sep, 2016 11:32


Europe’s biggest lender Deutsche Bank has lost more than half of its value since January, posing a threat to the stability of other banks across the continent. Some analysts are worried it could invoke a large-scale crisis, bigger than in 2008.


After a massive sell-off on Monday, Deutsche Bank’s market value shrank to €14.5 billion. In dollar terms it is only $2 billion more than the $14 billion penalty the bank faces from the United States Department of Justice over its mortgage-backed securities business before the 2008 global crisis.


Deutsche's problems have raised questions about the health of other big European lenders. The share price of the Royal Bank of Scotland has plunged 13 percent and Italy’s UniCredit is down 12 percent this month. The Bloomberg Europe 500 Banks and Financial Services Index is down 4.2 percent for September. This is the worst result since June, when the Brexit referendum heavily hit the markets.


The problems of Deutsche Bank are putting the German government in a difficult dilemma, as it must decide whether to save the bank, whose assets are valued at about €1.8 trillion, half the size of the German economy.


This month, German MEPs didn’t allow Italy to break eurozone rules and bail out the country's troubled banks.


“German politicians have been particularly insistent that Italy deals with its problem banks without using taxpayer’s money, and by bailing in depositors and bondholders if necessary. In being so insistent they have backed themselves into a cul-de-sac of their own making, particularly if they choose to adopt different rules for their own largest and systemically important bank,” Michael Hewson, chief market analyst at CMC Markets UK told Express.co.uk.


According to the analyst, Deutsche Bank is much more important than Lehman Brothers, which wasn’t rescued by US authorities and kicked off the 2008 global crisis.


"Markets got a taste of the turmoil unleashed in the aftermath of Lehman Brothers and it wasn’t anywhere near as systemically important as Deutsche Bank is, which means there is no way to accurately measure what any ripple out effects might be, if investors lose confidence even more and Germany leaves the bank to its fate,” he said.


The record sell-off on Monday was provoked by a report in the German Focus magazine, which wrote Chancellor Angela Merkel has ruled out any state assistance for Deutsche next year in talks with CEO John Cryan.


German daily Die Zeit reported on Wednesday that the Bundestag and financial authorities are preparing a rescue plan for the bank if it is unable to raise capital to pay for litigation with the US authorities.


Christopher Wheeler, banks analyst at Atlantic Equities pointed out that Deutsche Bank is in a better position than Lehman Brothers was in 2008, as it has €250 billion of sellable assets that can meet any demands from customers.


Deutsche CEO John Cryan told German daily Bild on Wednesday that the bank never asked for help from authorities.


"At no point did I ask the chancellor for support. Neither did I suggest anything like that,” said Cryan.


&&&&&&&&&&&&&&


German politician accuses US of waging ‘economic war’ against Deutsche Bank
Published time: 3 Oct, 2016 09:44


Washington has a “long tradition” of waging trade wars, if they are favorable to the US economy, and the Deutsche Bank case is an example of that, said the German parliament’s economics committee chairman Peter Ramsauer in an interview with Welt am Sonntag.


According to the German politician, the threat to force Deutsche Bank to pay a $14 billion fine over its mortgage-backed securities business before the 2008 global crisis “has the characteristics of an economic war.”“Extortionate damages claims” in the case are an example of that, said Ramsauer.


Another German politician, Merkel ally and MEP Markus Ferber has suggested the Deutsche Bank investigation is a “tit for tat response” from the US Department of Justice after Brussels imposed a record €13 billion penalty against Apple’s tax misdoings in Europe.


On August 30, an investigation led by the EU Competition Commissioner Margrethe Vestager concluded Ireland illegally provided Apple with a favorable tax rate which allowed the company to pay one percent on EU profits in 2003 down to 0.005 percent in 2014.


Earlier this year, Germany’s Volkswagen agreed to pay $16.5 billion in the US for cheating on American diesel vehicle air pollution tests between 2008 and 2015. The fines still risk growing by billions and VW needs to recall 85,000 vehicles.


While the business community in Germany has taken a stand to support Deutsche Bank, Economy Minister Sigmar Gabriel hit back at chief executive John Cryan over his comments. Cryan told employees his bank was suffering from market speculation, after Deutsche stock plunged to an all-time low last week.


"I did not know if I should laugh or cry that the bank that made speculation a business model is now saying it is a victim of speculators," Gabriel said on Sunday.


Late Friday, media reported that Deutsche and the US regulators were close to a settlement of $5.4 billion, which pushed the stock six percent higher. The report hasn’t been confirmed.


Ratings agency Moody's said it would be good news for bondholders if the settlement was $3.1 billion. Fines as high as $5.7 billion would erase 2016 profitability, but not fatally damage the German bank.


German parliamentary budget spokesman for the ruling conservatives Eckhardt Rehberg has ruled out state aid for Deutsche, saying its risky business abroad has resulted in billions of euro in penalties. "At the present time I would rule out any capital help. That would not be the right way to go,” said the politician.

AFRICA CENTER OF THE WORLD!!

Re: The Looming Economic Tsunami.

De klok van de tijdbom dat onder westers roofkapitalisme ligt, tikt verder.
Nog even en de economische bubble zal barsten. Je kunt niet eeuwig op de pof blijven leven; vroeg of laat ontploft het big_smile

"Those who use religion for their own benefit are detestable. We are against such a situation and will not allow it. Those who use religion in such a manner have fooled our people; it is against just such people that we have fought and will continue to fight".

Mustafa Kemal Atatürk

169

Re: The Looming Economic Tsunami.

Red alert: Prepare for severe stock market crash, warns HSBC
Published time: 13 Oct, 2016 10:48


The technical analysis team at HSBC is warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday’, which saw the largest one-day market crash in history.


On October 19, 1987, the Dow Jones Industrial Average which comprises the 30 large US publicly traded companies, lost 22.6 percent of its value.


In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he was on red alert for an imminent sell-off in stocks in the light of the price action over the past few weeks.


"With the US stock market selling off aggressively on October 11, we now issue a RED ALERT. The possibility of a severe fall in the stock market is now very high," Gunn wrote.


Other financial firms have also issued red alert warnings. Citigroup told clients that investors aren't adequately hedging US election risk. The managing director at Citi Thomas Fitzpatrick has also pointed at the market's similarities to the 1987 crash.


The volatility has continued to rise since the end of the summer and the recent sell-off was seen across many areas of the market, and not just selected groups, according to the HSBC analyst.


Last month, Gunn warned stocks were under an "orange alert." Following the Dow Jones’ 200-point decline on Tuesday, Gunn threw up the ultimate warning signal, saying the drop is here.


The key levels that HSBC team is watching are 17,992 in the Dow Jones Industrial Average and 2,116 in the S&P 500.


"As long as those levels remain intact, the bulls still have a slight hope. But should those levels break and the markets close below, which now seems more likely, it would be a clear sign that the bears have taken over and are starting to feast,” Gunn said.


“The possibility of a severe fall in the stock market is now very high," he added.


Wall Street stocks closed slightly higher on Wednesday - the Dow rose 15.54 points, or 0.09 percent, to 18,144.2. The S&P 500 gained 2.45 points, or 0.11 percent, to 2,139.18.


In its technical analysis the HSBC team uses the Elliott Wave Principle which tracks alternating patterns in the stock market to discern investor behavior and possible next moves.


==================================================


'We're all on the Titanic', as old bear says get ready for ugly stock market crash
Published time: 10 Aug, 2016 12:17


Swiss investor Marc Faber is known for his pessimistic view of stock markets, and says the S&P 500 index could soon lose more than half of its value.


A rally since late June has the S&P 500 up nearly seven percent in 2016, setting new record-highs almost every day. Faber predicts the index could first grow to 2,300 points from the current 2,182 before the nosedive.


“Maybe we go first to 2,300, then we would have a perfect topping formation. A widening-top formation is about the most bearish technical formation you can have,” Faber said in an interview with MarketWatch.
....................................


https://www.rt.com/business/355382-mark … ket-crash/

AFRICA CENTER OF THE WORLD!!

170

Re: The Looming Economic Tsunami.

Bye-bye, euro: France’s Macron says European currency may vanish in 10 years
Published time: 11 Jan, 2017 10:12


The European currency may cease to exist in 10 years without significant economic reforms, mainly by France and Germany, according to French presidential candidate and former economy minister Emmanuel Macron.


Eurozone crisis
“The truth is that we must collectively recognize that the euro is incomplete and cannot last without major reforms,” Macron said in a speech at Humboldt University in Berlin on Tuesday, as cited by Reuters.


Speaking on the fiasco of the single European currency, he stated that it failed to provide Europe with “full international sovereignty against the dollar on its rules,” and “a natural convergence between the different member states.”


Macron said that Germany and France are the two main powers that are able to change the situation. He believes that France must reform its labor market and education system to revive economic growth. As for Germany, the politician said the failing euro is currently benefitting Germany at the expense of weaker member states.


“The dysfunctioning of the euro is of good use to Germany,” he stated, noting that in order for things to change, the country should turn to investment instead of austerity. The German government under Chancellor Angela Merkel, for instance, has been strongly and consistently opposed to extending aid to countries in crisis.


An outspoken advocate of European integration, Macron also mentioned the lack of trust between France and Germany, which in his words is hindering euro zone reforms which could bolster solidarity among its 19 members and strengthen the euro. Likening the current status of the single currency to “a weak Deutsche Mark,” he said the creation of a euro zone budget could save the day for the euro. This budget could finance growth-oriented investments throughout the bloc and assist member states with weaker economies.


“I could tell you that Europe is out of date – it would be easier. Talking about turning the tables and using hard talk against Germans seems to be great politics in my country.
“We need a political willingness to move forward,” the politician also noted.
Macron said that if elected, he would back “strong” reforms and push for cooperation with Germany.
“There is a French responsibility to fix the situation. I will assume my responsibilities. France will assume its responsibilities. And I do trust Germany,” he said.


Macron, a 39-year-old French politician who resigned from his post as economy minister under President Francois Hollande last year, formed the political movement “En Marche!” (Foward!) to pursue his own centrist political agenda.


He has been steadily gaining popularity in recent polls, where he comes in third, close behind Marine Le Pen of the far-right National Front, and the leader, the Republican Party’s Francois Fillon.


According to economists worldwide polled by Reuters in December, the upcoming elections in Germany, France, and the Netherlands pose a potential threat to the euro, which could further challenge the EU status quo in 2017, adding to the economic effects from the planned UK exit from the Union.


In October, Nobel Prize-winning economist Joseph Stiglitz published a book describing the euro as a threat to the future of Europe. He wrote that the single currency as designed to hold together a region with enormous economic and political diversity is almost incapable of working, and suggested Europe break up the euro, creating two different currencies for northern and southern member countries to save the bloc.


Another Nobel Prize-winning economist, Oliver Hart, last month suggested that the EU should start decentralizing and handing back the right of decision-making to its member states, saying that “the euro was a mistake.”


https://www.rt.com/news/373288-euro-cur … il-macron/

AFRICA CENTER OF THE WORLD!!

171

Re: The Looming Economic Tsunami.

"Nobody makes money by catching whales; so we catch shrimps."


Jack Ma Full Interview at Davos 2017


https://youtu.be/Y69NU9aVRkQ

AFRICA CENTER OF THE WORLD!!

Re: The Looming Economic Tsunami.

stena wrote:

"Nobody makes money by catching whales; so we catch shrimps."


Jack Ma Full Interview at Davos 2017


https://youtu.be/Y69NU9aVRkQ

Slimme Chinees.
Globalization has to be inclusive (toevoeging Anjoe: not exclusive) en al die biljoenen die de VS verdiend heeft aan uitbesteding van haar arbeid naar goedkopere landen had zij moeten gebruiken (al is het slechts een miniem deel) voor verbetering van infrastructuur, onderwijs etc. in plaats van spenderen aan vele nutteloze en geldverslindende oorlogen die alleen de zakken van een selecte elite gespekt heeft.
Kortom; de VS moet nu niet janken en de schuld geven aan al die landen die de inkomsten van deze goedkope arbeid wel geïnvesteerd hebben in hun eigen land en volk als collectief en daardoor nu in een betere positie verkeren. Eigen schuld dikke bult en ondanks dat wil Jack Ma Trump en de VS helpen om er gezamenlijk uit te komen. Inclusive. Win win situatie in plaats van dreigen en eisen stellen.

"Those who use religion for their own benefit are detestable. We are against such a situation and will not allow it. Those who use religion in such a manner have fooled our people; it is against just such people that we have fought and will continue to fight".

Mustafa Kemal Atatürk

173 (edited by xzqc33 2018-02-02 13:17:29)

Re: The Looming Economic Tsunami.

...........

Ko' u' trei f'tachi na-in na krutu, sondro fu go mech trôbi, m'e beg' unu baya. smile

Re: The Looming Economic Tsunami.

xzqc33 wrote:

mmmmmmm

Wat mmmmm, mondverlegen geworden???

Je suggestie (in een andere topic)  om de bakra Trump en gelijkgestemden te volgen (met het busje volgeladen met bestuurders uit ontwikkelingslanden) naar het moeras in plaats van naar echte duurzame vooruitgang en ontwikkeling wordt hier onderuit gehaald?

Dewanand aka xzq gestuurd, neem een pilletje en doe je dwangbuis weer om en trek je weer terug in Vogelenzang.

"Those who use religion for their own benefit are detestable. We are against such a situation and will not allow it. Those who use religion in such a manner have fooled our people; it is against just such people that we have fought and will continue to fight".

Mustafa Kemal Atatürk

175 (edited by xzqc33 2018-02-05 05:19:02)

Re: The Looming Economic Tsunami.

Ende gij? alias jorka bakroe? gij gelooft in opgeil-sprookjes? Dat je na je dood naar planeet Porno mag? Op een gevleugelde ezel zeker? Waar alle jongens 744 hoeren krijgen van allaah en Co (teefjes zoals gij krijgen 744 batteriekes voor den elektrieke komkommer): leuk, droom maar lekker door. Ik ben liever gestoord dan debiel. Steek dat maar in je vieze pagina bah. Alles alles en alles eindigt bij de dood (helaas pindasoep). Over "laag IQ" gesproken. If I may be frank with you: my advice is bloody simple: why don't you go fuck a horse tangeline? If muslims claim that they can achieve everything, this should sound like a piece-of-cake of a party to you.


Er zijn 6 miljard mensen op planeet Aarde die bij de verplichte keuze die ze zou worden opgedrongen "gestoord of muslim?" voor de eerste zullen kiezen: yes yes yes: liever "gestoord' dan moeslim. Niet één musliem (arabies voor sukkel) koos voor deze waanzin (zeg dat het niet waar is) uit vrije wil. Daarna, eenmaal in de val gelopen, was het "stay with us or die". Leuk leuk leuk: de waanzin van de vrede.


Ik geloof niet in sprookjesboeken: Gebroeders Grimm niet, Hans Christian Andersen niet, bijbel niet, gadiet gatverdamme, gooooran gore kutzooi. Ik weet ook dat de aarde niet meer plat is, haha. Geen horoskoop, geen wientie, geen kroi, niets van dat alles. Oh-ja: voor ik het vergeet, als dat paard niet wil, vergeet dan jouw bloed-eigen vader niet, of anders de buurman (als die maar geen "christenhond" is, zal dat wel lukken)


Ollooh achtbier

Ko' u' trei f'tachi na-in na krutu, sondro fu go mech trôbi, m'e beg' unu baya. smile