BACKDOC: HEE HEE! IT LOOKS LIKE SOMEONE NEEDS A NEW NARRATIVE TO EXPLAIN WHAT IS ABOUT TO HAPPEN IN THESE NEXT FEW DAYS! HEE HEE
WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS!
THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD!
ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM
MMMM ITS OBVIOUS BY NOW THAT BLACK GOLD PRICES WILL REMAIN LOW FOR SOME TIME TO COME AND THE ONLY HOPE IT HAS AT A REAL RECOVERY IS AN ACTIVE TPP TO RAISE PRICES BASED ON CONTRACTS!
REALIZE THAT AFTER THE LAUNCH ON THE 8TH AND SHOWING UP WITHIN 10 DAYS LATER AS IRAN SAYS MAY BE THE TIME WHEN S.A. MAKES ITS’ MOVE TO DE PEG, TIME WILL TELL. REALIZE THEY ARE ALL TRADING PARTNERS AS WITNESSED BY MANY OF IRANS OIL CONTRACTS BOUGHT UP BY S.A. RECENTLY!
I BELIEVE IRAN AND S.A WILL HAVE COMPATIBLE CURRENCY VALUES SINCE THEY ARE TRADING PARTNERS. WITH THE FED IN RECEIVERSHIP AS PER THE WORLD BANK THE DOLLAR IS ON LIFE SUPPORT!
NO ALLOW ME TO THINK FREELY FOR A MOMENT CAN I? GREAT THANKS!
DO YOU THINK THAT WOULD CAUSE A BLACK SWAN EVENT IN THE MARKETS? OHH YAAA CONCERN OVER CHINAS’ BEING ABLE TO STABILIZE ITS’ CURRENCY WOULD BE PUT TO REST WITH THAT MOVE!
DON’T FORGET TODAY IN IRAQ WE HAVE ARTICLES STATING IRAQ IS READY TO SELL THE DOLLAR!! HEE HEE NO KIDDING! I WOULD TOO!
OHH DON’T FORGET VIETNAM RESTRUCTURED 80% OF ITS DEBT INTO DOLLARS. NO WONDER THEY CALLED IT A CLEVER MOVE! HEE HEE THE DEBT CRASHES WITH THE DOLLAR! MMMMM
DING DONG DOC,IMO
PAPPA J Alert:
BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers in Human History
Economists are still hotly debating whether the oil crash has been a net positive for advanced economies.
Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system.
Blanch and his team already see evidence that the fall in the price of crude is having a positive impact on demand, and say that it could accelerate even further if prices don’t pick up.
Says Blanch: “Alternatively in a lower oil price scenario, e.g. if prices were to average just $40 over the next five years which is close to the current forward curve, demand would grow by 1.5 million barrels per day, which is 0.3 above our base case. Finally, at $20 oil demand would grow by an explosive 1.7 per year on average, 0.5 above the base case, on our estimates.”
Meanwhile, in emerging markets, where much of the story of late has been about disappointing economic growth, Blanch still sees huge upside potential in terms of automobile penetration and consumption.
Take China for example, where the strategist sees the oil plunge helping to fuel a boom in SUV sales: “Moreover, the low oil price is encouraging Chinese consumers to buy increasingly larger cars. Sales of SUVs, the heaviest passenger vehicles category, are up 60 percent year-on-year in the last three months, while overall passenger vehicle sales are growing robustly at 22 percent.”
After years of stagnation, vehicle miles traveled in the U.S. clearly ticked higher in 2015.
Combine these trends with the decline in, say, Saudi Arabia’s foreign exchange reserves, or the stock price of any oil company, and you can see the dramatic wealth shifts now taking place in the world.
http://www.bloomberg.com/news/articles/ … an-history
The dollar’s 70-year dominance is coming to an end
Within a decade, greenback’s could be replaced as the world’s reserve currency
In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War.
The US was already the world’s commercial powerhouse, having eclipsed the British Empire several decades earlier. America was also on course to be among the victors of “Europe’s conflict”, even though its economy was largely unscathed by war. As such, Bretton Woods was US-dominated and produced a settlement largely on US terms.
The same system remains intact today, with the lion’s share of commercial settlements worldwide still clearing the US banking system – even if the parties involved have nothing to do with the States.
The dollar’s hegemony continues to be cemented, meanwhile, by the operations of the International Monetary Fund and World Bank. Founded at Bretton Woods, they’re both Washington based, of course, and controlled by America, despite some Francophone window-dressing.
The advantages this system bestows on the US are enormous. “Reserve currency status” generates huge demand for dollars from governments and companies around the world, as they’re needed for reserves and trade. This has allowed successive American administrations to spend far more, year-in year-out, than is raised in tax and export revenue.
By the early Seventies, US economic dominance was so assured that even after President Nixon reneged on the dollar’s previously unshakeable convertibility into gold, amounting to a massive default, dollar demand kept growing.
It is this “exorbitant privilege” – as French statesman Valéry Giscard d’Estaing once sourly observed – that has been the bedrock of America’s post-war hegemony. It is the status of the dollar, above all, that’s allowed Washington to get its way, putting the financial squeeze on recalcitrant countries via the IMF while funding foreign wars. To understand politics and power it pays to follow the money. And for the past 70 years, the dollar has ruled the roost.
This won’t change anytime soon. Something just took place, though, which illustrates that dollar reserve currency status won’t last forever and could be seriously diluted. Last week, seven decades on from Bretton Woods, the governments of Brazil, Russia, India and China led a conference in the Brazilian city of Fortaleza to mark the establishment of a new development bank that, whatever diplomatic niceties are put on it, is intent on competing with the IMF and World Bank.
It’s long been obvious the BRICs are coming. The total annual output of these four economies has spiralled in recent years, to an astonishing $29.6 trillion (£17.3 trillion) last year on a PPP-basis adjusted for living costs. That’s within spitting distance of the $34.2 trillion generated by the US and European Union combined.
America’s GDP, incidentally, was $16.8 trillion on World Bank numbers, and China’s was $16.2 trillion – within a whisker of knocking the US off its perch. The balance of global economic power is on a knife-edge. Tomorrow is almost today.
Based on such balance sheets, we’re now seeing institutional change. The new BRICs Development Bank, modelled on the IMF, will have a $100bn currency reserve available to lend around the world, giving distressed debtor nations an alternative to the “Washington consensus”.
For a long time, the BRICs have been paying in to the IMF, yet been denied additional influence over what happens to the money. Belgium has more votes than Brazil, Canada more than China.
The institutions governing the global economy have failed to keep pace with reality. Modest reforms giving the large emerging markets more power, agreed with much fanfare in 2007 and again in 2010, have been stalled by Washington lawmakers. The BRICs have now called time, setting up their own, rival institution based in Shanghai.
The key to the dollar’s future is petrocurrency status – whether it’s used for trading oil and other leading commodities. Here, too, change is afoot. China’s voracious energy appetite and America’s increased focus on domestic production mean the days of dollar-priced energy look numbered.
That would undermine the US Treasury market and seriously complicate Washington’s ability to finance its vast and still fast-growing $17.5 trillion of dollar-denominated debt.
In May, Beijing and Moscow signed a huge multi-decade gas supply contract, to sit alongside a similar oil deal agreed in 2009. No one knows what share of this energy trade will be on a yuan-rouble basis – and the two governments aren’t saying. This question, seemingly inane, is among the most important diplomatic issues of our time.
At the moment, although Russia’s export partners do sometimes settle in roubles, most Sino-Russian trade is still in dollars. But the combination of this new gas deal, and western sanctions on Russia – has seen Moscow and Beijing step up bilateral efforts to facilitate large-scale non-dollar settlement.
With western anti-Russia sanctions likely to be tightened again after the tragic shooting of a Malaysian passenger plane over Ukrainian airspace, Beijing’s response will be closely scrutinised. I, for one, expect the Chinese to say little until it’s clearly established who grounded the plane and why.
Within a decade or so, a “reserve currency basket” may emerge, with central banks storing wealth in a mix of dollars, yuan, rupee, reals and roubles, as well as precious metals. Perhaps some kind of synthetic bundle of the world’s leading currencies will be developed, with emphasis placed, after years of western money-printing, on assets backed by commodities and other tangibles.
I also believe central banks may include cyber-currencies (such as bitcoin) in their reserves. If you think that’s mad, consider that mankind has long sought scarcity – be it with shells, stones or metallic elements – to store wealth. Now the money-printing taboo has been broken by yet another generation, it makes sense to use complex computer algorithms to ensure that only a certain amount of a particular currency unit can ever exist.
The dollar’s status is a big question. Judging the outcome is more akin to star-gazing than scientific economics. But the establishment of this BRIC Development bank, timed to coincide with the anniversary of Bretton Woods, is an audacious and significant move. The world’s emerging giants now have thumbscrews on the West.
http://www.telegraph.co.uk/finance/comm … n-end.html
BACKDOC: OHH MY THUNDER! MORE SUPPORT FOR OUR THEORY OF A COMPATIBLE RATE WITH IRAN! WE KNOW OF THEIR SIGNIFICANT GOLD HOLDINGS, EXTENSIVE FARMING, REFINED OIL PRODUCTS, AND NOW SIGNIFICANT RESERVES! WOW!
$100 Billion in Iranian Assets Unfrozen in Nuclear Deal
According to Iranian officials, the international community’s unfreezing of assets under the P5+1 nuclear deal has given the nation back access to over $100 billion, much of it cash that’s been stuck in banks across Asia, which during the sanctions Iran was unable to touch.
A lot of it’s going to get touched soon, as the end of those sanctions also allows Iran to modernize its economic infrastructure, setting the stage for multi-billion dollar deals to revamp their civilian airliners, their oil production industry, and much more.
That’s got a lot of major Western companies scrambling to be first in line to bid on these huge new jobs, which have turned Iran from an economic pariah into one of the most sought after, and most cash rich, clients int he world.
Iranian officials indicated that a portion of the money is going to be brought back to Iranian banks, now connected to the international SWIFT system, to shore up the nation’s currency reserves, which should spell an end to Iran’s long-standing inflation woes. Much of it, however, is going to stay in the big international banks for now, for convenience of spending it.
BACKDOC: CLICKITY CLACK CLICKITY CLACK! OK JACK! WE WANT TO MAKE MONEY BUT CAN YOU PAY ME IN RIAL OR YUAN?
HEE HEE OH SORRY DOLLAR YOUR LOOKING SKINNIER EVERY DAY NOW!
MMMMM BETTER GO HOME AND GET YOUR BIG BROTHER WHO IS ASSET BACKED, NOW HE WILL BE A FORCE TO BE RECKONED WITH! DOC IMO
New container train service on China-Iran route via Kazakhstan launched
ASTANA. KAZINFORM A new container train service on China-Iran route via Kazakhstan was launched on the 1st of February. The 9,000 km long route runs from the city of Yiwu (Zhejiang Province, East China) to Alashankou – Dostyk border crossing, to the new lines of Kazakhstan (Zhezkazgan – Beineu and Uzen – Bolashak st) and via Turkmenistan railway network to Iran in Tehran.
The event was attended by the Mayor of Yiwu city, Mr. Chiu Shen Ping, China Railway Container Transport Group, Kazakhstan Railways, the international transport and logistics holding TransInvest Group and others.
The railway companies of China, Kazakhstan, Turkmenistan and Iran have collaborated in order identify the logistics solutions needed to speed up the delivery of cargo from East China to the Persian Gulf markets.
BACKDOC: OH THANKS A MILLION GUYS FOR TURNING THE POWER ON AGAIN!
WE THOUGHT YOU WOULD NEVER COME TO OUR RECSUE!
OHH AND BY THE WAY IT WILL TAKE LESS THAN A MONTH! MMMMM
GEEE, I THINK THAT BEGINS ON THE CHINESE NEW YEAR, AND ENDS ON PRESIDENTS DAY WEEKEND IN THE STATES! MMMMM
I HOPE YOUR RIGHT IRAN! [email protected],DOC IMO
Thunderhawk: SWIFT return to international bank transfers for Iran’s banks
And as of this week it is back in the global banking business, able to use the worldwide transaction networkSWIFT, the Belgian based cooperative which handles cash transfers and letters of credit between financial institutions.
Mohsen Jalalpour, the head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, said: “Banks can now access SWIFT. We should note that our banks were subject to banking sanctions and needed to prepare the necessary infrastructure and they managed to do that by today.”
Re-engaging with the banking world through the Swift system is vital for Iran’s trade, particularly of crude oil.
A government spokesman said some of that 100 billion euros in formerly frozen assets will be brought back to Iran while the rest will used to purchase goods to be imported.
However, foreign banks considering establishing a subsidiary in Iran will in most cases require a partnership with a local entity unless they set up in one of a handful of free zones, said Nicholas Gilani, senior partner at Arjan Capital, a consultancy advising on Iran business.
And for many foreign banks, there are concerns about being caught up in ongoing US sanctions.
Many international sanctions relating to Iran’s nuclear program were lifted but most involving U.S. measures remain in place. Non-US banks may trade with Iran without fear of punishment in the United States but U.S. banks may not do so, directly or indirectly.
European banks are also cautious – with some, including Deutsche Bank, remembering past fines from US regulators for breaking sanctions, though Commerzbank has said it is reviewing its policy of not doing business in Iran.
An Iranian central bank official said banks from European countries including Germany, France, Britain and Italy, had been in talks to open branches after the lifting of sanctions.
“God willing, soon we will witness that too. Iran is a very attractive market for business and they know that,” the official said.
Last month’s nuclear deal with world powers brought about the lifting of international sanctions after the United Nations verified that Iran had curbed its nuclear activities.
BACKDOC: WELL, WELL, THUNDER COULD ALL THE DRAMA BETWEEN IRAN AND IRAQ BE JUST A SMOKE SCREEN TO HIDE THE REAL MOVES THAT TRADING PARTNERS HAVE TO DO? MMMMM
WITH THE DOLLAR BEING REPLACED BY BIS NOTES IN THE FUTURE, WHAT FUTURE DOES SAUDI ARABIA HAVE MAINTAINING A PEG OF A SQUARE IN A ROUND HOLE?
DOES IT MAKE SENSE THAT S.A. STAYS AROUND .28 TO .32 CENTS WHEN IRAN IRAQ AND KUWAIT HAVE MASSIVE PURCHASING POWER? AHHH NOOO
HALTING THEIR CURRENCY SEEMS LIKE A VERY DEFENSIVE MOVE TO PROTECT THE NOTE COUNT! WHY WOULD THEY CARE UNLESS THEY INTEND TO HAVE A COMPATIBLE CURRENCY WITH ITS TRADING PARTNERS!
SEEMS LIKE A NEIGHBORLY WAY OF TURNING OFF THE WAR MACHINE AS WELL!
[email protected], DOC
Berlin (dpa) – German Foreign Minister Frank-Walter Steinmeier wants to work in travel to Iran and Saudi Arabia for a resumption of relations between the two countries.
In addition, the travel of flanking the Geneva negotiations on a solution to the Syria conflict to serve. Steinmeier travels to the conference on the fight against the terrorist organization Islamic State in Rome to Tehran.There meeting with Iranian Foreign Minister Mohammad Javad Zarif and President Hassan Rouhani are planned.
https://translate.google.com/translate? … rev=search
BACKDOC: WITH AN ALREADY THRIVING ECONOMY AND ONE SOON TO EXPLODE, ITS NO WONDER VND WILL BENEFIT FROM THE TPP AND THE SILK ROAD!
Thunderhawk: Big Manufacturer Waves Enter Vietnam
Facing difficulties in manufacture and consumption, some big car manufacturers in Thailand and Indonesia are planning to find new market in ASEAN. Moreover, recently, LG Electronics- the world’s second largest television manufacturer also intends to move from Thailand to Vietnam.
According to Federal Thailand Industry –FTI’s figures, In 2014, 881,800 cars were sold in Thailand, decreasing 34% compared to 2013. That is the second year in two consecutive years the market is in recession.
Except for the problem of production, Thailand investors are facing other difficulties, political depression has effected manufacture and trade,and highcosts of labor haverisen the price up. Besides, Thailand’s manufacturing capacity is full, if we want to increase it, we have to invest more. All difficulties above force cars manufacturers to seek for new producing places.
In ASEAN, there are two places which investors are considering to: Philippines and Vietnam. These are two populous countries have enormous potentiality. Hence, the investors still want to invest money in these two countries.
Many people think that this is a facile opportunity for Vietnamto intensively attract new investors, develop cars industry, accommodate domestic demand and export. In Vietnam, monthly figures on consumption which enterprises declared indicated that the growth still has not had signs of slowing down.
ReadMore: http://antconsult.blogspot.com/2016/02/ … etnam.html