RE: FrostyThe Snowman’s Post:
http://www.dinarrecaps.com/our-blog/bits-and-pieces-in-dinarland-late-friday-night-2-12-16
Mountainman: Since the DOLLAR is the “PRIMARY “World Reserve Currency and don’t Forget the PETRO Dollar is Used for GLOBAL OIL TRADE………We REAP the Rewards of Goods being bought and sold…..USA IS A Major CONSUMER of Local and Global Products!!!!!!!!…….
With that being said, In The “TRANSITION” from The OLD FIAT DOLLAR to the NEW GOLD BACKED DOLLAR…..We could be in for A Turbulent TIME…..IMO…..
As DOC has Shared Countries are Currently in MOTION to Depeg from The US FIAT/PETRO DOLLAR=Nothing Backing It………So It Only Makes sense that HIGHER Commodity/FOOD PRICES will ARISE…..
WHY???…because of WHAT is Already Occurring in the Markets=(UNCERTAINTY)…..??? Would YOU want something that has No Intrinsic Value=FIAT…or That which Has (TRUE HARD VALUE) backing It???…..
I Know it’s an easy Choice……Well Make No MISTAKE ALL Countries UNDERSTAND What’s COMING……But EVERYDAY Joe’s Don’t=CITIZENS……..That’s “THE TRAP” Doc and T.Hawk are Showing in their Articles……
Once REALITY /UNDERSTANDING Comes well…….Hello Higher Prices….Just Like the EXAMPLE in this Article about CANADA and their CURRENCY!!!!!!!!…..IMO
I Hope this HELPS and As Things Sink in for You…..Pass It On!!!!!!!!
Blessings, Mountainman
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BACKDOC: EXCELLENT JOB FROSTY!
WHAT WAS YOUR EXTRACTION COST OF GETTING THIS MOST EXCELLENT INTEL MY FRIEND? HEE HEE
IS THERE ANY DOUBT THAT THE “MR. LONLEY” AND IRAN WILL HAVE COMPATIBLE CURRENCY VALUES? MMMMM
NOW WE WAIT FOR THE NEXT PIECE OF THE PUZZLE TO FALL IN PLACE ON THE THE 15TH WHEN CHINA RETURNS TO WORLD MARKETS!
ARE THEY DEPEGGING FROM THE DOLLAR?
IS THAT WHY THE NEW DOLLAR NARRATIVE OF DECOUPLING FROM OIL STARTED ON WEDNESDAY THE 3RD TO PAVE THE WAY FOR THE 5TH WHEN IRAQS’ NEW MATH WAS COMPLETED?
MMMMM HEE HEE THEN WE BELIEVE AS IRAN SAID THEY WILL BEGIN AROUND THE 8TH TO ENTER THE WORLD WITH IRAQ THEIR TRADING PARTNER! STEP BY STEP!
AND FINALY FROSTY, WILL SAUDI ARABIA SELL THEIR OIL DENOMINATED IN THE NEW POWERFUL ASSET BACKED CURRENCY OF THE UNITED STATES TREASURY OR WILL THEY TURN TO THE SILK ROAD?
MY BET IS ON THE U.S. AT THE MOMENT SINCE WE JUST COMPLETED A SIGNIFICANT ARMS DEAL WITH THEM!
THE REAL QUESTION IS: IF OR WHEN THEY DROP THEIR PEG TO OIL TO FREE IT FOR ITS REPLACEMENT THE TPP? MMMM
THINKING? THINKING?
8@8, DOC IMO
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BACKDOC: ACTIONS MEAN THINGS!
WITH THE SHENGEN AGREEMENT LOOKING TO BE SUSPENDED FOR AT LEAST 2 YEARS AS PER FOX BUSINESS NEWS, I SENSE AN UNEASINESS BEGINNING TO SEPARATE EUROPE LIKE DAYS OF OLD!
WITH FOLKS WAITING IN LINE TO BUY GOLD AND GOLD BONDS THERE ARE THEY PREPARING FOR SOMETHING THAT WE HAVE TALKED ABOUT FOR MONTHS NOW?
WE HAVE SEEN THE ATTACK ON THIS UNION WITH GREECE, SPAIN, VW, DEUTCHE BANK, AND FINANCIAL STABILITY STARTING TO UNRAVEL THERE!
I’M GLAD WE ARE PREPARED FOR WHAT MAY BE THE ACCIDENT ON PURPOSE!
DOC IMO
Thunderhawk: Germany Predicts Doom and Gloom as Eurozone Worries Mount
The German treasury has predicted “substantial sustainability risks” to the country amid reports that the Eurozone is set for further bailouts because of fears over another sovereign debt crash.
Despite Germany’s Federal Finance Minister Wolfgang Schauble running a 2015 surplus of US$13.5 billion, experts in his department are predicting “substantial sustainability risks” to Germany’s long-term debt-to-GDP ratio because of an aging population.
A report to be put before Schäuble next week, states that — unless Germany starts making huge cuts to its state budget now — it will be unable to sustain the debt burden caused by an aging population and a low birthrate.
Unless the finance minister takes drastic action, the German debt-to-GDP ratio will reach 220 percent by 2060 — massively above the 60 percent limit set out under the Maastricht agreement of 1992. Germany — being a central pillar of the Eurozone — is under huge pressure to keep within the fiscal rules of the single currency agreement.
The report — leaked to the newspaper Welt am Sonntag — suggests that state spending will have to be capped each year over the next five years by around 5.8 percent. At its most pessimistic, Germany would need to start cutting US$26 billion annually.
This figure is seen as difficult to achieve given the current strain on the federal budget owing to the refugee crisis, which has seen 1.1 million migrants arrive in Germany.
Italian and Portuguese Pain
The grim news comes as cracks began to appear in one of the recent Eurozone bailouts over sovereign debt: Portugal. The country’s new left-wing government has promised to roll back the austerity measures demanded by Brussels.
That — in turn — has caused panic on the markets as investors continue to sell-off Portuguese government bonds because of fears of fiscal instability, which could lead to their value being rated “junk” by the credit rating agencies, which could lead to the country failing its bailout obligations.
Meanwhile in Italy, the value of Banca Monte dei Paschi, Italy’s third-largest bank, has plummeted by 60 percent since the start of this year because many are pulling money out of Italian banks — as well as Italy as a whole — because of the country’s dire financial position.
Following the 2008 banking crisis, Italy has been struggling to get its economy on track — particularly in the south, where the unemployment rate is 22 percent — only slightly below Greece’s. Many are unable to repay their debts, which could precipitate another bailout crisis.
Meanwhile, Greece — which is on its third bailout from its creditors — is still struggling. It is back in recession and Athens is facing a huge backlash against unpopular austerity measures, including increased taxes and pension reforms. Without growth, the country is hardly likely to meet the tough deficit and debt-reduction targets demanded of its creditors — ironically — chief among whom is Germany.
http://29ru.net/pu/various/44950682/
BACKDOC: KEY WORD TO PUT INTO YOUR ASSET BACKED BRAINS FROM THIS DAY FORWARD IS DIGITAL!!
LET’S GET DIGITAL, DIGITAL, I WANNA GET DIGITAL! LETS’ GET INTO DIGITAL! BAAA HAAA
NOW YOU WILL REMEMBER IT!
THIS WILL BE THE NEW ROADMAP FOR ASSETS AND LIABILITIES! DIGITAL CURRENCIES, DIGITAL LOANS, AND LOW AND BEHOLD DIGITAL TRADE AND SHIPPING TECHNOLOGIES!
DOC IMO
Thunderhawk: TPP: What it means for the digital economy
There has been a good deal of hype touting the recently concluded Trans-Pacific Partnership (TPP) agreement as the first “21st Century” trade pact. Whether it lives up to this high accolade is currently under debate, both in the United States and among the 11 other TPP member states. But in one area—E-Commerce—there is no doubt that the negotiators did agree to provisions that strongly advance liberalization of Internet trade flows and the enhancement of commerce and investment through the medium of cyberspace.
The E-Commerce chapter consists of the following new rules and mandates (among others):
Cross-Border Data Transfers—Article 14.11 requires TPP governments to allow the cross-border transfer of information, including personal information, for the conduct of business. The only exception to this obligation is in the pursuit of a “legitimate public policy objective.” The exception, however, cannot be undertaken in a manner that constitutes arbitrary or unjustifiable discrimination.
Forced Localization—Article 14.13 no TPP may require a business to locate computing facilities (including servers and storage devices) within its territory, with the same public necessity provision described above. US officials state that this provision is the first in a free trade agreement;
Transfer of Source Code—Article 14.17 prohibits the requirement to transfer software source codes as a condition of doing business or investing in a TPP country. There is an exclusion from this rule for “critical infrastructure” (undefined).
Customs Duties on Internet Traffic—Article 14.3 prohibits the imposition of customs duties on cross electronic transmissions. This prohibition, however, does not preclude TPP countries from imposing internal taxes or fees on content transmitted electronically.
Privacy and Consumer Protection—In addition, other sections of the chapter contain consumer protection requirements, as well as mandates to provide domestic users with full information concerning their privacy rights.
The entire E-Commerce chapter comes under the full scope of the TPP dispute settlement system.
If the TPP is ratified by the TPP members states and comes into force, it will have far-reaching strategic implications for both the world trading system and the future of the Internet. Even before expected expansion to other Asian and non-Asian nations (Korea, Thailand, Indonesia, Colombia, as examples), the TPP already covers one quarter of world trade and about 40 percent of world GDP. As such, future rules for Internet-related trade and investment will be greatly influenced and directed by established TPP rules. This is particularly true in that international rules and norms for the Internet are just in their infancy, and thus the timing of the TPP is crucially important.
Finally, the next few years will see a huge growth in Internet traffic and utilization for key commercial goals. In 2005, there were an estimated one billion Internet users; that number doubled by 2010. It reached three billion in 2014, and is expected to growth to over five billion by 2020. President Obama has warned, correctly, that if the U.S. and its TPP trading partners don’t write the “rules of the road” for the Internet, others (read: China) will. Should the fractured U.S. political situation result in a failed TPP, the country will pay a heavy price, both economically and strategically.
http://thecipherbrief.com/article/asia/ … al-economy
BACKDOC: NO DOUBT THAT FOREIGNERS WILL BENEFIT FROM INVESTMENTS THERE BUT THE PEOPLE WILL ALSO BENEFIT! COST OF LIVING IS RELATIVE TO THE COUNTRY THINGS ARE PRODUCED IN. STILL IT WILL BE AN INCREDIBLE PLACE TO INVEST!
SOMEONE LEFT THE CAKE OUT IN THE RAIN! AND IT TOOK SO LONG TO BAKE IT…… OOPS! THIS IS A PIE!
BETTER GET YOUR PIECE OF THE DING DONG PIE WHILE THERE IS STILL A SLICE FOR YOU!
DING DONG DOC IMO
Thunderhawk: Will foreigners “enjoy” Vietnam’s TPP pie?
VietNamNet Bridge – Products of Thailand, Korea and Japan are dominating the Vietnamese market. Notably, there are many signals showing the expansion of Thai retailers in Vietnam while Thailand is not a TPP member. Will Vietnam’s TPP pie be indirectly enjoyed by the countries heavily investing in Vietnam?
Hoang Trung Dung, Chairman and General Director of AIDA Vietnam Consulting and Trade Company, and FSB Business Administration Institute, said that in addition to the retail sector, Thailand also intends to acquire Vietnamese travel firms. Foreign investors are also eyeing Vietnamese beverage market.
When foreign investors heavily invest in Vietnam, we will not only lose the profits of the TPP pie. Once Thai, Korean and Japanese bosses are involved in running their firms in Vietnam, their goods will invade the local market and push Vietnamese goods out of their supermarkets. Foreign investors will benefit a lot,” Dung said.
Dr Le Dang Doanh, former director of the Central Institute for Economic Management, said that Thailand was one of the largest Southeast Asian investors in Vietnam. This is an inevitable fact because both countries are members of the ASEAN Economic Community.
“We have the TPP cake but most of the cake is enjoyed by foreigners. Domestic enterprises must link together to benefit from the TPP,” Doanh noted.
Mr. Alex Maskiell, Second Secretary for the Division for Cooperation and Economic Development of the Australian Embassy in Hanoi, said that this situation was happening in some other big countries, not only in Vietnam. However, with this impact, if Vietnam cooperates well with big economies, the potential will be enormous.
Alex said that foreign investment brings huge resources for Vietnam to develop and to acquire modern science and technology.
He said that Vietnam must understand its own investment, so Vietnam should not restrict investment but learn from foreign investors before competing with them.
http://www.vietnambreakingnews.com/2016 … s-tpp-pie/
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BACKDOC: I THINK WHAT MOST PEOPLE DON’T REALIZE IS THAT NEW TECHNOLOGIES ARE ABOUT TO BE LAUNCHED IN THE U.S ONCE THE GCR IS SET IN MOTION!
THE 12 AREN’T STUPID! REALIZE THAT WITH TPP AND ALL THE DIGITAL PROTECTIONS THAT THE WTO WILL ENFORCE WILL BRING THE INNOVATIONS TO CREATE THE NEW JOBS TO AMERICA AGAIN!
TRUST ME WHEN I TELL YOU THIS!
THERE ARE TECHNOLOGIES JUST WAITING TO BE LAUNCHED HERE BUT WE NEED TO PROTECT THE INTELLECTUAL PROPERTIES WHICH ARE BEING PUT IN PLACE!
FOR ANY JOBS THAT WE EXPORT I ASSURE YOU THAT THE GREATEST INNOVATORS IN THE WORLD WILL BEGIN TO SHINE HERE SOON!
DOC IMO
Thunderhawk: US call-centre jobs may be exported under TPP
American call-centre jobs may be one casualty of the Pacific trade deal signed last week that allows US federal contract work to be shifted to Malaysia, Vietnam and Brunei.
Opponents of the 12-nation Trans-Pacific Partnership are seizing on the provision as an example of how the pact would help US companies with overseas operations to cut costs when vying for their own government’s work, and hurt US workers in the process.
“If you can pay workers 2 an hour, it’s a really easy way to achieve cost savings at the expense of American jobs,” said Dan Mauer, a legislative representative for the Communications Workers of America, a labour union with about 700,000 US members.
http://www.menafn.com/1094581540/US-cal … PP?src=RSS
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Thunderhawk: Backdoc Alert
Deutsche Bank to Buy Back $5.4 Billion Bonds in Euros, Dollars
Deutsche Bank AG, seeking to reverse an investor stampede away from its stock and debt, plans to buy back about $5.4 billion of bonds, including some it issued barely a month ago.
The buyback announcement, which helped send the shares of Germany’s biggest lender up 12 percent Friday, came at the end of a disastrous week for banks. The Stoxx Europe 600 Banks Index is down 25 percent this year, and measures of risk on banks and insurers in Europe hit the highest since at least 2013. Investors are concerned banks’ bottom lines will suffer amid falling oil prices, China’s economic slowdown, negative interest rates and a pullback by some sovereign-wealth funds.
In the U.S., JPMorgan Chase & Co. Chairman Jamie Dimon spent $26.6 million of his own money to buy shares of his bank, a regulatory filing showed Thursday, joining a group of at least four share-purchasing bank top executives this year. Deutsche Bank is down 32 percent this year and Credit Suisse Group AG shares plunged to the lowest level in a generation on Thursday. A filing Friday showed that Credit Suisse’s biggest shareholder, Norway’s sovereign-wealth fund, expanded its stake in the lender from just below 5 percent to 5.03 percent earlier in the week.
“This is a tool Deutsche Bank can use to reduce the panic,” said Roger Francis, an analyst at Mizuho International Plc in London. “It doesn’t really address the underlying concern that people have about the bank. They need earnings to pay dividends and subordinated bond coupons, and that’s where the question marks are.”
‘Rock Solid’
The move comes just days after Deutsche Bank told investors and staff that it has sufficient funds to pay coupons on its riskiest debt. Co-Chief Executive Officer John Cryan said the bank is “rock solid.”
Deutsche Bank is seeking to bolster confidence after credit-default swaps insuring its subordinated debt rose to the highest on record, according to data compiled by Bloomberg. The bank said in a statement on Friday that its “strong liquidity position” allows it to repurchase the senior unsecured notes without any change to its 2016 funding plan. It’s offering to buy 3 billion euros ($3.4 billion) of bonds in the single currency and $2 billion of dollar notes.
Market Conditions
“The bank is using market conditions to buy back these bonds at attractive prices and to cut debt,” Chief Financial Officer Marcus Schenck said in a statement on the website. “By buying them back below their issuance value, the bank is making a profit. The bank is also using its financial strength to provide liquidity to bond investors in a difficult market environment.”
The bank’s 1.75 billion euros of 6 percent contingent convertible notes redeemable in April 2022 rose 2 cents on the euro to 73 cents, up from a record low of 70 cents on Tuesday, data compiled by Bloomberg show. The banks’ riskiest debt was downgraded by Standard & Poor’s on Thursday to four6 percent contingent convertible notes levels below investment grade.
The cost of insuring the bank’s subordinated debt for five years fell 15 basis points on Friday to 493 basis points, after closing in London at the highest level since Bloomberg began tracking the data in 2002. The one-year contracts reached a record high of 551 basis points on Thursday, the data show.
“The market is providing them a great opportunity to buy back their debt,” said Anthony Smouha, chief executive officer of Geneva-based Atlanticomnium SA, which manages the GAM Star Credit Opportunities. “They are still the number one German bank. There is no systemic crisis. They have deposits coming out of their ears.”
Bond Maturities
The offer includes the $1.75 billion of bonds that the German lender issued just a little more than a month ago, according to the filing. The firms that bought the biggest piece of that offering at 100 cents on the dollar are now being asked to sell them back to the bank at up to 97.3 cents, according to calculations by Bloomberg Intelligence analyst Arnold Kakuda. The securities were quoted at 95.6 cents on the dollar on Thursday.
Deutsche Bank is seeking to buy back bonds due between 2017 and 2026, according to the statement. The majority of the securities being accepted for tender mature within five years.
“The bonds they’ve selected are senior bank bonds with generally relatively short maturities,” said Gregory Turnbull-Schwartz, an Edinburgh-based fixed-income manager at Kames Capital, which manages about 55 billion pounds ($80 billion). “It would be a little surprising that this would be seen as such reassurance, when the rules now require significant amounts of liquidity to be held by all European banks.”
Risk Measures
The Markit iTraxx Europe Subordinated Financial index, a measure of risk, fell 15 basis points to 299 basis points after closing in London on Thursday at an almost three-year high, according to data compiled by Bloomberg.
Since taking over last year, Cryan has been seeking to raise capital buffers and restore investor confidence in a bank battered by rising compliance costs and losses at its securities unit. The lender last month posted a net loss of 6.8 billion euros for 2015, its first annual shortfall since 2008.
“It’s quite a smart move,” Christopher Wheeler, an analyst at Atlantic Equities, said in an interview on Bloomberg Television on Friday. “What they’ve done is said ‘look, we’re going to put our money where our mouth is and we’re actually going to announce the transaction which will obviously benefit earnings.’ It’s going to boost their capital as well as their shareholders’ funds.”
http://www.bloomberg.com/news/articles/ … os-dollars
Mountainman: ALL this Gobbily Gook is saying……..WE ARE IN BIG TROUBLE……So BEFORE WE MAKE EVERYONE …….Go On TAKE YOUR $$$ MONEY and RUN…..WOO WOO……STEVE MILLER BAND……….Let’s TRY and Save Face…..IMO…A (TREND) W/BIG BANKS….. COMING TO A COUNTRY NEAR YOU!!!!!!!!
BACKDOC: THERE’S A FOX IN THE HEN HOUSE FOLKS!
THIS ARTICLE TELL ME A LOT! WITH ALL THE FINANCIAL TROUBLE THIS BANK HAS BEEN HAVING OF LATE, MANY ARE CONCERNED OF ITS VIABILITY IN THE NEAR FUTURE.
WE ALL BY NOW UNDERSTAND THE CONCEPT OF BAILINS BY NOW AND WHAT THAT MEANS. NOW LET ME ASK YOU?
IF YOU’RE A BANK IN TROUBLE AND MAY BE IN SERIOUS NEED OF CASH TO PROTECT YOUR SELF FROM A SEVERE MELTDOWN WHY WOULD YOU GIVE UP CASH TO BY BACK BONDS WHEN YOU DON’T HAVE TO? MMMM
REALIZE, THAT IF THE BANK BECAME CASH STRAPPED THEY WOULD RESORT TO DEPOSITORS CASH AND GIVE THEM A BOND ANYWAY.
WELL, I THINK THE ANSWER IS SOMEONE WHO IS A BIG BOND HOLDER MAY HAVE SERIOUS CONCERNS ABOUT THE VIABILITY OF THE BANK FOR SOME REASON AND WANTS THEIR MONEY OUT OF THOSE BONDS BEFORE THEY GO BUST!
THE BOND HOLDERS SIMPLY GET PAID OFF AND TAKE THEIR MONEY ELSEWHERE TO BE SECURITIZED AND LEAVE THE DEPOSITORS HANGING OUT TO DRY IF THERE IS A FAILURE! MMMMM
THANKS FOR THE PIC THUNDER! HEE HEE
JUST MY OPINION AND WE ALL HAVE ONE,
8@8,DOC IMO
