Mountainman: LOL…….??? HOW do You say, “SYNCHRONIZATION”…..IN FRENCH???…..LOL…..IMO (8)
BACKDOC: URGENCY SEEMS TO BE THE KEY WORD DOESN’T IT? WE SEE IT IN IRAQ, IRAN, CHINA, GREECE, CATALONIA IN SPAIN, GERMANY,AND UK! MMMMM
AS WE SAW EARLIER THE G20 WERE GIVEN HOMEWORK TO CREATE A STIMULUS PLAN FOR THEIR COUNTRIES! THEY WENT ON TO SAY THAT THEY ARE ESSENTIALLY LEADERLESS! MMMMM
WELL IT APPEARS THE 50 POLICY MAKERS WILL BE THE LEADERS AND MAKE THE TOUGH DECISIONS THAT THE COUNTRIES WILL FOLLOW! DOC IMO
Thunderhawk: Backdoc Alert
IMF’s Lagarde sees renewed sense of urgency to act collectively
IMF Managing Director Christine Lagarde warned that without collective action by global policymakers, the global economy could derail, but added that she sees a renewed sense of urgency to act in concert.
She was speaking at a news conference at the conclusion of the G20 meeting of finance ministers and central bank governors in Shanghai Saturday.
http://www.reuters.com/article/us-g20-c … SKCN0W00FT
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BACKDOC: IT SEEMS LIKE A VOICE OF REALITY WHEN YOU HEAR HOW BAD THINGS ARE ALL AROUND THE WORLD!
CENTRAL BANKERS SEEM TO HAVE EXHAUSTED THEIR TOOL CHEST OF FINANCIAL ENGINEERING! THINGS MAY GET DICEY AS WE APPROACH LIFT OFF WITH THE GCR! DOC IMO
Mountainman: Well You can’t “FAULT” him for “TELLING IT LIKE IT IS”……..he Just hasn’t Spoken on the NEW REALITY……YET…..IMO
Thunderhawk: Backdoc Alert
We’re in recession and it’s getting worse: Ron Paul
Ron Paul wants to deliver a message to the market that he claims the Federal Reserve refuses to do itself.
The former U.S. Republican congressman said this week that the Fed has been propping up markets, and the U.S. economy has already entered a recession despite what central bankers might say.
“They’re paid to spin it in a positive manner,” the libertarian firebrand told CNBC’s “Futures Now” in an interview.
He added: “You can’t expect them to say anything else.”
Read MoreWall Street cutting back growth outlook
Trader on the floor of the New York Stock Exchange.
Recession sign is in play and has 81% accuracy
A trader works on the floor of the New York Stock Exchange.
Citi: Risk of global recession rising
›
Paul’s warning comes as a growing number on Wall Street have turned pessimistic on the economy. This week, Citigroup analysts cautioned in a note that the risk of the global economy sinking into a full-fledged recession is on the rise, amid a “tightening in financial conditions everywhere.”
Dragging down the economy is a massive load of personal and sovereign debt, Paul said. A 2015 analysis by the McKinsey Global Institute said that global debt had grown by $57 trillion in the last several years, while no major economy has successfully de-leveraged since 2007.
According to Paul, the Fed has played a large role in that accumulation of debt by implementing artificially low interest rates for years. This has pushed individuals and companies to spend beyond their means, he added.
“When things get out of kilter from artificially low interest rates…the only correction is the liquidation of the debt, but that is not permissible,” Paul said. Now, Paul warned that the government may be losing control of markets, which will lead to more volatility in stocks.
“Everything is designed to keep the stock market alive. At the same time, the employment numbers when you look at them closely aren’t all that great,” he said.
In January, the U.S. economy added 151,000 jobs, missing economist expectations and falling well short from the previous month. From here, Paul said growth will continue to deteriorate.
“I think that the conditions will get a lot worse,” he said. “The slope is going to be down, for economic growth and prosperity.”
http://www.cnbc.com/2016/02/26/recessio … -paul.html
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BACKCOC: INTERESTING WE KEEP HEARING OF SERIOUS RISKS TO WORLD ECONOMIES! EVER WONDER WHAT THOSE RISKS ARE? MMMM
MAYBE THE RACE TO THE BOTTOM WILL BE QUICKER THAN WE THINK! DOC IMO
Thunderhawk: Backdoc Alert
UK’s Osborne says G20 officials unanimous on Brexit risk to world economy
British finance minister George Osborne said on Saturday that top finance officials from the Group of 20 nations were unanimous that a possible British exit from the European Union would be a shock to the global economy.
“Here at the G20, finance leaders and central bank governors of the world’s biggest economies have raised serious concerns about the risks posed by a UK exit from the EU,” Osborne said in a statement from Shanghai.
“They have concluded unanimously today that what they call the shock of a potential UK vote to leave is among the biggest economic dangers this year.”
http://www.reuters.com/article/us-g20-c … SKCN0W00DV
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BACKDOC: WITH CENTRAL BANKS SEEMINGLY OUT OF BULLETS TO MANAGE THEIR ECONOMIES WE SEE THEM BECOMING DESPERATE TO GET COMPETITIVE ADVANTAGE AND THEIR ONLY BIG GUN THEY CAN SHOOT IS THEIR CURRENCY VALUE! IT SEEMS WE HAVE A RACE TO THE BOTTOM! PRINT, PRINT, PRINT.
Mountainman: In Other WORDS…..”LET”S MAKE SURE WE ARE ALL ON THE SAME PAGE”……YOU “KNOW”…..LIKE A CAREFULLY PLANNED DEMOLITION/IMPLOSION…….SET FOR A NEW GLOBAL REFORMATION OF OUR ECONOMIES…..RIGHT….EVERYBODY???……IMO….Hmmmm
Thunderhawk: Backdoc Alert
G20 to tell each other in advance about moves that could devalue currencies
Financial leaders of the world’s 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday.
The move is an addition to the traditional declaration in G20 communiques that countries will refrain from competitive devaluations, Dijsselbloem said after a meeting of G20 finance ministers and central bankers in Shanghai.
“If policy decisions lead to devaluation, we should inform and consult in advance between the different countries,” he told reporters.
The decision was prompted by concerns among some of G20 financial leaders about the possibility of competitive devaluations in Japan or China, he said.
“Everyone was quite firm that we mustn’t go down that road, refrain from that completely,” Dijsselbloem said.
“There were some concerns that we would get into a situation of competitive devaluations and once a country starts, the risk is very large that the next country will follow.”
He said in cases where devaluation is a consequence of monetary policy “motivated by real macroeconomic domestic reasons”, then members must make sure to inform each other in advance to avoid surprises.
Dijsselbloem said information exchanges would take place “in the G20 context” and through the International Monetary Fund when “useful”.
“The key thing is that we want to make sure that there are no surprises. This is an extra commitment between the G20 countries that they will refrain from competitive devaluations,” he said.
http://www.reuters.com/article/us-g20-c … SKCN0W00A0
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Mountainman: HOW do You “SING”…..KUMBAYA…….In 190+ GLOBAL LANGUAGES……LOL……BYE…..OLD REALITY……WELCOME the “NEW ONE” IN………SOON….IMO
BACKDOC: AHHH COME ON JACK, JACK, JACK!
ALL THEY WANT TO DO JUMP OVER THE CANDLESTICK, AND BY THE WAY THEY WANT TO TAKE ALL THE GOLD YOU HAVE JACK, SO BE CAREFUL! HEE HEE DOC IMO
Thunderhawk: Backdoc Alert
The world should stop relying on U.S. consumers: U.S. Treasury chief Lew
U.S. Treasury Secretary Jack Lew called on G20 members on Saturday to redouble their efforts to boost global demand instead of relying on the American consumer to drive growth.
Lew, speaking at a press conference at the end of the G20 finance ministers conference in Shanghai, also said the dollar’s strength was a function of a strong economy, and that the meeting had underscored that U.S. growth remained a bright spot in the global economy.
Separately, Lew called on China to remain communicative regarding its plans and to communicate more in public as opposed to behind closed doors, and that Beijing could carry out its economic transition in an orderly way.
He added that he believed China had the necessary policy tools to bolster domestic demand in support of that transition.
Lew also said it was in the national and economic interest of Britain and of Europe for Britain to remain in the European Union.
http://www.reuters.com/article/us-g20-c … SKCN0W00F4
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Mountainman: So In Other WORDS……We Are At OUR WITS END……..”STRUCTURAL REFORMS”……You Mean THE “NEW ONES”…..I Thought so……So “HANG TOUGH” Everyone……Because ….”IT’S ABOUT TIME/ING…….IMO
Thunderhawk: Backdoc Alert
G20 to say world needs to look beyond ultra-easy policy for growth
The world’s top economies declared on Saturday that they need to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor, while renewing their focus on structural reform to spark activity.
A communique from the Group of 20 (G20) finance ministers and central bankers flagged a series of risks to world growth, including volatile capital flows, a sharp fall in commodity prices and the potential “shock” of a British exit from the EU.
“The global recovery continues, but it remains uneven and falls short of our ambition for strong, sustainable and balanced growth,” said the communique, issued at the end of a two-day meeting in Shanghai.
“Monetary policies will continue to support economic activity and ensure price stability … but monetary policy alone cannot lead to balanced growth.”
Faltering growth and market turbulence have exacerbated policy frictions between major economies in recent months, and the statement also noted concerns over escalating geopolitical tensions and Europe’s refugee crisis.
The reference to “Brexit” had not been included in earlier versions of the text, according a senior official who had seen various drafts, but was added after British officials pressed for it. Britons will vote in June 23 referendum on whether to remain in the European Union.
“Our view is that it’s in the national security and economic security of the United Kingdom, of Europe and of the United States for the United Kingdom to stay in the European Union,” U.S. Treasury Secretary Jack Lew said after the meeting……….MM,,,,It’s “WHAT” “THEY” Don’t Tell You that “MATTERS………IMO
VOLATILITY VS FUNDAMENTALS
The G20 ministers agreed to use “all policy tools – monetary, fiscal and structural – individually and collectively” to reach the group’s economic goals.
Christine Lagarde, managing director of the International Monetary Fund, said she sensed renewed urgency among the group’s members for collective action, warning that without it there was a risk that the recovery could derail.
But there was no plan for specific coordinated stimulus spending to spark activity, as some investors had been hoping after markets nosedived at the start of 2016. Over the course of the two-day meeting in Shanghai comments by policymakers made clear the divergence of views on the way forward.
Finance chiefs had agreed that “the magnitude of recent market volatility has not reflected the underlying fundamentals of the global economy”, the communique draft said.
To pep up the global economy, faster progress on structural reforms “should bolster potential growth in the medium term and make our economies more innovative, flexible and resilient”, it said.
“We are committed to further enhancing the structural reform agenda,” it added.
Divisions have emerged among major economies over the reliance on debt to drive growth and the use of negative interest rates by some central banks, such as in Japan.
Germany had made it clear it was not keen on new stimulus, with Finance Minister Wolfgang Schaeuble saying on Friday the debt-financed growth model had reached its limits.
“It is even causing new problems, raising debt, causing bubbles and excessive risk taking, zombifying the economy,” he said.
The G20, which spans major industrialized economies such as the United States and Japan to the emerging giants of China and Brazil and smaller economies such as Indonesia and Turkey, reiterated in the communique a commitment to refrain from targeting exchange rates for competitive purposes, including through devaluations.
They pledged to “consult closely” on foreign exchange markets.
CURRENCY CONCERNS
Jeroen Dijsselbloem, chairman of euro zone finance ministers, said G20 members had agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies.
G20 host China used the meeting to try to allay concerns about the world’s second-biggest economy, and Beijing’s ability to manage it, that have grown since a market rout and a surprise devaluation last August.
“Monetary policy will probably have to be kept appropriately loose, even though people have realized that its role cannot replace fiscal policy,” said China’s Finance Minister Lou Jiwei.
Chinese policymakers reiterated pledges not to devalue the yuan CNY=CFXS again, and Premier Li Keqiang told the G20 opening session on Friday there was no basis for continued depreciation of the yuan.
But there appeared to be concerns that some members may seek a quick fix to domestic woes through a weaker currency.
Japan implemented negative interest rates this month to spur growth, and Bank of Japan governor Haruhiko Kuroda said he had “fully gained (their) understanding” from G20 ministers about the BOJ’s thinking with regard to negative rates as a tool for escaping the deflation that has dogged its economy for years.
Japanese Finance Minister Taro Aso said he had urged China to carry out currency reform and map out a mid-term structural reform plan with a time frame.
“Chinese authorities need to present a mid-term structural reform plan with concrete schedule and a package of measures to stabilize yuan, based on recognition that communication between Chinese authorities and markets has caused market volatility and capital outflows,” he told reporters.
http://www.reuters.com/article/us-g20-c … SKCN0W004T
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Mountainman: HEY…..GUYS/ENGLAND/CITIZENS…….It’s Called “CONSENT”……We “ALREADY” Decided but their is LESS CHAOS when a VOTE says “YES”…..So take the “HINTS”….it’s GOOD for US…..I Mean You Guys/BRITS…..Ok…..LOL…….IMO
BACKDOC: LAST WEDNESDAY THE POUND GOT POUNDED TO ITS LOWEST LEVEL IN 7 YEARS! OUCH!
TO BREXIT OR NOT TO BREXIT, THAT IS THE QUESTION! HEE HEE THIS GUY IS HAVING A BAD HAIR DAY JUST LIKE THE POUND DID LAST WEEK!
HE MAY LOSE MORE OF IT IF THEY BREXIT, IN FACT WE ALL MIGHT AND I CAN’T AFFORD TO GO THERE!! HEE HEE I’M ALREADY ON ROGAIN IF I LOOSE ANY MORE THERE WILL BE NO GAIN!
DOC IMO
Thunderhawk: Backdoc Alert
London Mayor Says Britain Would Have Bright Future Outside EU
London Mayor Boris Johnson said the U.K. would have a “great future” if it votes to leave the 28-member European Union in a referendum planned for this June.
“This is a once-in-a-lifetime thing,” Johnson told The Times newspaper in an interview. “It is not going to come round again. If we don’t do it now this thing is just going to grind on and become less and less democratic and more and more burdensome.”
Prime Minister David Cameron has called the in-out referendum on June 23 after securing a deal with fellow EU leaders including curbs on welfare for non-British EU citizens, measures to block unwanted regulation and U.K. exemption from the EU goal of “ever closer union.” Since then, the campaigning on both sides of the debate has heated up, with Cameron’s friend and fellow Conservative, Johnson, calling for a U.K. exit to save the country money and gain more control over its own lawmaking.
“The advantage of a ‘no’ vote is that it would jolt the whole system in Europe,” Johnson said of a decision in favor of leaving the EU, according to the report in the London-based Times. “For their own sake, they need to look at the way they are doing things.”
Johnson said the risk with staying inside the EU is that it’s an “anti-democratic” structure that is holding back British industries and their ability to compete with international firms.
http://www.bloomberg.com/news/articles/ … outside-eu
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BACKDOC: THE LAST TIME WE HAD A GLOBAL CRISIS WE HAD THE ABILITY TO USE MONETARY AND FISCAL TOOLS BUT THOSE HAVE ALREADY BEEN USED! ARE WE READY NOW FOR A FIAT CURRENCY COLLAPSE! MMMMM
Mountainman: YES….And WHY???? ALL the G-20 MEETINGS???……and WHY???…Are the GLOBAL MARKETS REPRICING/SELLING OFF……ANSWER= “THE NEW GLOBAL REALITY”….W/NEW INDEPENDENT VALUES for Your (COUNTRIES)….. RESOURCES/GDP…..and LEADERSHIP is ALREADY “POSITIONED” to ADDRESS any FUTURE “REDRESS”…….IMO ….Do You “SEE” the “MIND GAMES”….”THEY” PLAY…….Reminds Me of A “USED CAR SALESMAN”……The Bad Ones…..!!!!!!!!…..LOL
Thunderhawk: Backdoc Alert
Currency wars coming in leaderless world: Citi’s Buiter
The global economy is bound to remain leaderless, as G-20 countries meeting in Shanghai on Friday are unlikely to produce anything more than a rhetorical statement, Citigroup’s chief economist Willem Buiter said.
Buiter said Friday the global economy truly needs an agreement on exchange rates that will be defended through intervention, as well as expansion of supportive monetary policy, fiscal stimulus modulated according to countries’ needs, and “supply side reforms that sustain animal spirits in the corporate sector.”
“You’re not going to get any of that in substance. There is no leadership in the global economy. And there is no willingness to forgo the short-run benefits of beggar-thy-neighbor exchange rate depreciation. Currency wars will be the reality of what we’ll see over the next few years,” he told CNBC’s “Squawk on the Street”.
Buiter and Citigroup analysts said in a note Wednesday the risk of the global economy falling into a recession is rising as fundamentals remain poor.
“We are currently in a highly precarious environment for global growth and asset markets after two to three years of relative calm,” Citigroup said, noting that global growth was “unusually weak” in the fourth quarter at around 2 percent.
Buiter said central banks are nearly out of ammo when it comes to using conventional and unconventional monetary policy as a means of stimulating demand.
“If we have a further slowdown, it will have to be combined more with the fiscal policy, and the world just isn’t ready for that, institutionally, politically and any other way,” he said.
At the same time, the private and public sectors in most advanced economies have become highly leveraged, he noted.
Citi is not expecting a U.S. recession, provided no surprises from abroad send the dollar sharply higher. But it does anticipate a further incremental slowing in the absence of a supportive Federal Reserve and as corporations ratchet up debt following a period of “unspectacular, mediocre” growth, he said.
Markets have appropriately priced in the risk of recession following last year’s “excessive optimism,” he said.
“Markets are ahead of the policymakers here for once,” he said. “People have now rediscovered that, yes, future earnings growth projections on which the stock valuations were based were unrealistic.”
http://www.cnbc.com/2016/02/26/currency … uiter.html
Thunderhawk: HEY DOC …HOW”S THIS FOR A BLAST FROM THE PAST….IRONIC ISN’T IT
Tales Of The Wizard Of Oz: Free Trade [1961]
ENJOY Blessing ThunderHawk
https://www.youtube.com/watch?feature=player_embedded&v=brqnui9dV9o#t=0
BACKDOC: FREE TRADE? NEED A BRAIN? NEED A HEART?
WOW DUDE! YOU COVERED IT ALL!
NOW DELIVER THE BRAIN TO THE POLICY MAKER.
THEN DROP OFF THE HEART TO THE G20 SO THE COUNTRIES WILL HAVE A HEART.
THEN GIVE THE FINANCE MINISTERS THE COURAGE TO IMPLEMENT THAT NEW STIMULUS PLAN WHICH IS LIKELY GOING TO INVOLVE MORE THAN A FEW COUNTRIES GETTING AN OVERHAUL ON THEIR CURRENCY VALUES!
OOOOOOOOFFFFF OOOOOOOFFFFFFF HEE HEE GET OUT OF HERE, YOU SCARY LION! LOL DOC
Mountainman: HEY HAWK…..Just think How SOCIETY would be “TODAY” if they were “Taught” these (PRINCIPLES)……Of the “PRINCIPAL”……(REALITY)…..That Is…..IMO Blessings,BRO…..MM
BACKDOC: ESSENTIALLY ITS UP FOR GRABS RIGHT NOW!
PEOPLE HAVE HAD IT WORLD WIDE! WE ARE SEEING CANDIDATES WORLD WIDE IN IRAN, IRAQ, THE U.S., IRELAND, SPAIN, AND OTHERS HEADED TO AN ANTI ESTABLISHMENT CANDIDATE! ITS NO WONDER WE SEE NO LEADERSHIP.
IF THE BRITS BREXIT WE MAY SEE AN ACCIDENT ON PURPOSE! DOC IMO
Thunderhawk: Bacdoc Alert
Britain’s campaign to leave EU takes 4 percent point lead: ORB poll
The campaign to take Britain out of the European Union in a June 23 referendum has taken a 4 percentage-point lead, according to an online survey taken by the ORB pollster for The Independent newspaper published on Friday.
The poll, carried out on Feb. 24-25, showed support for the “out” campaign had risen to 52 percent from 48 percent a month ago, while support for the “in” campaign had fallen to 48 percent from 52 percent a month ago.
“Since last month we have seen a shift in opinion towards Brexit,” Johnny Heald, managing director of ORB International, said in an email.
London Mayor Boris Johnson defied Prime Minister David Cameron last weekend and said he would campaign to leave the EU, but 60 percent of respondents in the ORB poll said Johnson’s decision made them no more likely to vote to ditch membership.
Twenty-six percent said Johnson’s decision made them more likely to vote to leave. Half agreed that the economy was a bigger issue than immigration when it came to deciding how to vote on EU membership while 37 percent disagreed.
ORB polled a nationally representative sample of 2,014 adults across England, Scotland and Wales online.
Britain’s sterling currency fell to a seven year-low against the U.S. dollar on Friday, hurt by concerns about the country’s possible exit from the EU as well as contrasting outlooks for economic growth in Britain and the United States. [GBP/]
http://www.reuters.com/article/us-brita … SKCN0VZ2RS
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Mountainman: Well WHERE there’s A “WILL”….there’s A “WAY”…….But in US $$$$$$$$…..(NO WAY JOSE)…….EURO/Other CURRENCIES….Hmmm…….I Think It’s About “TIME” to take a (TIMELY) TRIP…….to A “WEDDING MARCH”……??? WHAT SAY YOU DOC ???………IMO……(8)
BACKDOC: WELL OBVIOUSLY WE HAVE PASSED IMPLEMENTATION DAY BUT DON’T TELL THAT TO IRAQ BECAUSE THEY ARE WORKING ON GETTING A HAMBURGER FOR WIMPY TODAY, SO THEY CAN GLADLY PAY FOR IT ON TUESDAY, WEDNESDAY, OR THURSDAY! HEE HEE
DON’T FORGET IRAN SAID THE TWO SHIA BROTHERS WOULD GO TOGETHER! LOL DOC IMO
Thunderhawk: BREAKING NEWS!!!
Iran seeks alternatives to dollar for transactions as bank hurdles still persist
The’ Implementation Day’ for the Joint Comprehensive Plan Of Action (JCPOA) was declared on Jan. 16. More than a month has passed and the circumstances around the removal of the sanctions still remain murky.
Iran loaded its first cargo of oil to Europe since 2012 this month onto a tanker chartered by French TOTAL SA.
Most of the Western banks are shying away from doing business with Iran fearing it might endanger their commerce with the US. Greek refiner Hellenic struggled to find banks for payments, a sign that the Islamic Republic is still having difficulty regaining markets since the removal of sanctions.
Hellenic owes NIOC $800m for past deliveries of crude, reported Shana. Hellenic agreed last month to resume purchases immediately and start paying debt arrears.
Banks are being ‘super cautious because they do want to have access to the US markets and the US rules as to what they can do aren’t particularly clear,’ said Ross Denton, a partner at Baker & McKenzie LLP specializing in sanction.
As a result, for the time being the Islamic Republic has adopted some counter measures for ensuring its return to the international markets.
Iran has extensive experience in barter trade, as a way of performing commerce without the use of the US dollar. One example is NIOC is offering to swap exports of crude cargoes for imports of refined fuel.
Barter deals avoid the need to access bank finance. NIOC is asking for at least partial cash payment for most refined-product trades and accepting transactions in Euros and other currencies. It is offering products such as fuel oil in exchange for imports of gasoline and is also willing to swap crude for fuel.
National Iranian Tanker Company (NITC), which operates the world’s biggest fleet of supertankers, can offer its ships for charter on the international market again, commercial director Nasrollah Sardashti said in an interview on the sidelines of the Marine Money conference in Hamburg.
However, such business transactions are still waiting to take off.
The silver lining is the news of the first Iranian container ship transporting petrochemicals, following years of brutal sanctions, has started its journey towards the European ports in the past days and it is expected to dock at two European ports in the following days, Islamic Republic of Iran Shipping Lines (IRISL) head Mohammad Saidi told reporters on the sidelines of an Iran-Singapore trade conference at the IRISL head office on Sunday.
‘Fortunately, following the removal of sanctions and the implementation of the JCPOA in the past five months, the IRSL has managed to take appropriate measures to reestablish shipping lines with Europe,’ he said.
Another way to enter the markets is for Iran to trade in currencies other than the US Greenback. In fact NIOC has said that it prefers to receive its oil payments and debt repayments in euros, an official at NIOC was quoted as saying by IRNA.
The restart of Bank of Tokyo-Mitsubishi’s ( BTMU) Iran oil transactions would give Japanese refiners the option to pay in the Japanese yen or euros, depending on the preferences of refiners or NIOC, announced Trend News Agency early Feb.
BTMU handled most of Japan’s payments for Iranian oil prior to the mid-2012 sanctions.
Japan’s crude imports from Iran plummeted to an average of 170,360 b/d in 2015, compared with an average of 313,480 b/d in 2011.
Meanwhile, Pakistan central bank cleared commercial banks and financial institutions for business with Iran last week, reports Reuters.
Trade between Pakistan and Iran fell to $431.76 million in 2010-11 from $1.32 billion in 2008-09, according to the Trade Development Authority of Pakistan.
But tightening of sanctions on Iran made smuggling, particularly of petroleum products, extremely lucrative.
Major Pak exports to Iran include Basmati rice, plastics, paper and oranges, and the big imports include lPG, petroleum products, electric transformers and dry fruits.
The bottom line: more than a month has passed since the ‘Implementation Day’ yet sanctions still persist and the situation for many Western companies remain cloudy. On the one hand they want to do business with Iran and on the other they are scared of wrath it might bring to them from US.
One more concern that cannot be ignored or forgotten. Many of these Western businessmen coming for business to Iran will require a visa to enter US to do their business due to the new visa waiver law.
So as one might think that the West has opened door for Iran, in reality most doors remain closed today and the Islamic Republic still has to find alternative way to do business with the external world.
http://www3.irna.ir/en/News/81983023/
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BACKDOC: LIKE I SAID WE ARE SEEING REGIME CHANGE WORLD WIDE! WE ARE EVEN SEEING CHINA PUTTING THE CLAMPS ON NORTH KOREA! WOW! LETS MAKE MONEY BOYS! DOC
Thunderhawk: Pappa J Alert
Iran election: Reformists win all 30 Tehran seats
Allies of Iran’s reformist President Hassan Rouhani have won a landslide victory in Tehran, in the first parliamentary vote since Iran signed a nuclear deal with world powers.
With 90% of the votes counted, the pro-Rouhani List of Hope is set to take all 30 parliamentary seats in the capital.
The leading conservative candidate Gholamali Haddad-Adel is in 31st place.
Millions voted on Friday to elect the 290-seat parliament as well as members of the Assembly of Experts.
The 88-member assembly appoints Iran’s Supreme Leader and might end up choosing a successor to Ayatollah Khamenei, who is 76 and has suffered ill-health.
Iran elections: Five things to know
Elections highlight divisions
Punchy politics on social media
Early results gave former President Akbar Hashemi Rafsanjani, a moderate conservative, and Mr Rouhani the most votes for the assembly, which is composed of mostly elder and senior clerics.
Analysis: Lyse Doucet, BBC News international correspondent
This stunning election result will make a difference in Iran’s engagement with the wider world.
Read More at : http://www.bbc.com/news/world-middle-east-35681250
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Mountainman: IRAQ TOO???……In the (NEAR FUTURE)…….Well I’m Taken…..” BACK TO THE FUTURE”……because I SEE “WHAT” (THEY) SEE….You SEE???….IMO
(8) STRAIGHT…………….HOLD EM………..
BACKDOC: WELL THUNDER, I GUESS IF IRAQ CAN RETRO THEIR BUDGET TO JANUARY, CHINA CHANGES THEIR PEG TO THE DOLLAR SOME, I GUESS IRAN CAN ADJUST THEIR IMPLEMENTATION DAY TOO! HEE HEE
THEIR NEW YEAR IS OBVIOUSLY ON MARCH 20TH! WHAT’S THE DEAL WITH ALL THESE NEW YEARS, HECK! LET’S SELL SOME BONDS AND IMPLEMENT ALREADY! CAN WE? HEE HEE DOC IMO
Thunderhawk: NOW WE’RE TALKING – YEAH BUDDY !!!!
Iran trade delegations to visit Pakistan, Iraq, Austria
Trade delegations will travel to Pakistan, Iraq and Austria in near future, head of Chamber of Commerce, Industries, Mines and Agriculture announced.
Mohsen Jalalpour said the travels will take place in early months of new Iranian calendar year that will start on March 20.
Jalalpour, who was accompanying President Hassan Rouhani during his Italian and French visits, said the successful experiences gained during those visits have raised expectations.
After announcement of ‘Implementation Day’ of the July deal known as the Joint Comprehensive Plan Of Action (JCPOA) and removal of anti-Iran sanctions in January, foreign diplomats and firms as well as top officials from different world countries started flying to Iran to use considerable trade opportunities here by expanding relations with the Iranian side.
http://www3.irna.ir/en/News/81982928/
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BACKDOC: WOW! IT SURE LOOKS LIKE IRAN HAS REALLY SUCKED UP TO THE SWISS! SMART BUSINESS MOVE! DOC IMO
Mountainman: ……….HEY SWISS…..Isn’t that “WHERE”…..The BIS is Located ???……..??? Is It (HARD) to STRADDLE “BOTH” Sides Of the FENCE….???……That’s RIGHT…..You Guys are “PROS”……FORGET the (CONS)!!!!!!!!(8)…….I get It…..NOW……IMO
Thunderhawk: Iran, Switzerland sign MoU on shipping, sea transport cooperation
The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.
The MoU was singed between the representatives of shipping companies from Iran and Switzerland.
The two sides exchanged views on expansion of cooperation on transport, construction of Express train, renovation of road transport, and carrying development plans on infrastructure and rebuilding the ports.
The MoU was signed between Iran Ports and Maritime Organization (IPMO) and Swiss MSC shipping lines as the second biggest shipbuilding company.
The MoU gives green light to Swiss shipping companies to come to Iran for joint venture cooperation after implementation of the Joint Comprehensive Plan of Action.
MSC is one of the biggest shipping companies in the world with 14.9 percent share of the global market in marine transport and have terminals in some 55 ports round the globe.
MSC is the owner of chained cruise (recreation) ships in the world.
The MoU authorizes the MSC of Switzerland to broaden scope of cooperation in the Iranian ports of Bandar Abbas, Chabahar and Imam.
Officials of the Swiss shipping lines voiced readiness for joint venture investments in the Iranian shipping and marine industry.
http://www3.irna.ir/en/News/81983574/
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BACKDOC: IT SEEMS IRAN IS RACING AROUND THE GLOBE TO SECURE BUSINESS!
IT MAKES TOTAL SENSE THAT THEY WOULD DO THIS BANKING ARRANGEMENT ESPECIALLY IF THEY MIGHT GET PAID IN YEN OR EVEN WON AS AN ALTERNATIVE TO EUROS! DOC
Mountainman: HEY IRAN/EUROPE/S.KOREA…….(MOVE) that >>>…”DEBT”…..HANG ON to those NEW DEALS…….I Here That for THE CENTRAL BANKS>>>>It’s GOLDEN!!!!!!!!……..IMO……TIMES ARE A CHANGIN……CHA CHING$$$$$$$$
Thunderhawk: Iran, South Korea sign €5bn MoU
Iran and South Korea signed a €5 billion memorandum of understanding on Sunday for the East Asian nation’s investment in the Iranian projects.
The document was signed during a meeting in Tehran between Iran’s Minister of Economy Ali Tayyebnia and South Korean Minister of Trade, Industries and Energy Joo Hwang-wan.
The agreement aims to deepen cooperation between the two countries so that South Korean banks and other financial organizations can finance infrastructural, constructional and production projects in Iran.
http://www3.irna.ir/en/News/81983738/
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BACKDOC: ARE THE POLICY MAKERS ALREADY GETTING CHINA TO ACT ON THEIR REFORMS AHEAD OF A MAJOR ADJUSTMENT? MMMM
EAST TO WEST! WE SEARCH FOR A GLOBAL REALITY VALUE! DOC IMO
Mountainman: I SEE A (THEME)……KEEP A (“PACE”)……Because “NOBODY” Runs A MARATHON in 30 MINUTES OR LESS…..Hey WORLD this Isn’t DOMINOES PIZZA….Ok ……So In the (MEANTIME) Of The “GLOBAL TRANSITION”…..We have to Do WHAT we HAVE to DO…..Until The “DELIVERY” Comes….OK…..Got It……(HANG TOUGH)…….Were ALMOST There!!!!!!!……..IMO……..(8)
Thunderhawk: China to Boost Growth With Flexible Approach to Stimuli, Reform
Chinese authorities vowed to stabilize the renminbi FX rate and only attempt a gradual increase in monetary stimulus in a decision which was cheered on by the markets; however, as the progress of structural reform remains rather slow and the details about possible fiscal stimulus details remain undisclosed, the Chinese situation remains murky.
Mainland China’s monetary authorities reassured investors during the ongoing G20 finance ministers’ meeting in Shanghai that they’d ruled out any sudden devaluations of the renminbi, and reaffirmed their commitment to structural reform, promising that further monetary stimulus measures would be ‘balanced’.
Beijing’s change of stance on its economic policies reflects China’s reluctance to mire itself deeper in the war of currency devaluations, as either option within such a scenario harms the nation’s economic prospects. Renminbi devaluations hit Chinese stocks and exacerbate capital flight from the largely disinvested economy, while burning FX reserves in order to support the status quo is not a proper longer-term strategy. Consequently, as China’s policymakers put an emphasis on the reform agenda and their balanced approach, market volatility is likely to subside in the wake of the G20 summit.
Read More at http://29ru.net/pu/various/46611317/
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BACKDOC: WITH SO MUCH DATA COMING OUT THIS WEEK ON ECONOMIES WE MAY SEE MORE OF THESE GLOOM AND DOOM ARTICLES!
FACTS ARE FACTS REGARDLESS OF WHETHER THE FED WANTS TO HIDE FROM THEM OR NOT!
YOU SEE WE HAVE A BRAIN BECAUSE WE’VE BEEN ON THE YELLOW BRICK ROAD FOR AWHILE NOW AND WE AREN’T FOOLED LIKE THE SCARECROW!
WE ALSO DEVELOPED A HEART AND WE ARE READY TO USE IT! THE WORSE THINGS GET THE GREATER THE PRESSURE THEIR IS ON THE POLICY MAKERS TO LET THE MONETARY REFORM GO! HEE HEE
REMEMBER I SAID WHEN THINGS ARE THE WORST THEY ARE THE BEST!
ONCE WE SEE THESE CURRENCIES LAUNCH THE FATE OF THE EURO AND OR THE DOLLAR WILL PLAY OUT!
SAUDI ARABIA IS A WILD CARD FOR THE DOLLAR THATS FOR SURE! CRAZY THERE IS NO NEWS ON THEIR CURRENCY!
IT’S BEING KEPT QUIET! DOC
Thunderhawk: Corporations Brace for Recession: 81% Chance of US Econ. Downturn in 2016
The recent surge of anti-corporate sentiment trending across America is likely to play a nasty joke on the US economy; as growth stalls amid threats of a full-blown recession, shrinking corporate profits won’t allow American businesses to muster a recovery within the existing environment of excessive governmental involvement and regulation.
After two consecutive quarters of declines in US corporate earnings due to the dollar’s strength slashing overseas profits, and the government’s excessive involvement in the domestic economy undermining market competition, the broader economy is heading for a recession which may happen as soon as later this year. Capital wipeouts on Wall Street and the ongoing oil bust support the gloomy outlook, while declining prices keep inflation subtle, holding back consumer spending, one of the US economy’s key drivers. Unless the US corporate sector is able to recover through tax cuts and a quick re-prioritization favoring the domestic market, the overall economic perspective is likely to deteriorate.
Two or more consecutive quarters of declines in corporate earnings in the US preceded periods of economic contraction, or recession, 81% of the time over the past 115 years, according to latest estimates by JPMorgan Chase. Moreover, in the remaining 19% instances, recessions were narrowly avoided via the implementation of either looser monetary conditions or fiscal stimulus, i.e. tax cuts and increased governmental capital investment. The latter does not mean, however, that already-high US budget expenditures will save the day. Through fiscal stimulus, the government provides investment money to the real economy; this is not exactly social spending and it is driving the US budget deficit.
Read more at : http://www.follownews.com/corporations- … -2016-v35n
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BACKDOC: SILENT? OH YA!
GOLD IS THE REAL ASSET THE CENTRAL BANKS FEAR THE MOST WHICH IS WHY IT WILL BE CONTROLLED!
WHEN THE NEW ASSET BACKED CURRENCIES COME ON THE SCENE GOLD SHOULD FIND ITS PLACE, WHICH IS LOWER COMPARED TO THE NEW CURRENCIES!
GOLD BUGS ALWAYS THINK GOLD IS GOING TO BREAK OUT INTO THESE RIDICULOUS VALUES! IF YOU EVER SEE THAT YOU ARE NOT GOING TO SEE THE GLOBAL FINANCIAL CONTROL YOU SEE NOW!
WILL IT GO UP AGAINST FIAT? PROBABLY SINCE WE FEEL IT WILL BE IN A DOWNWARD TREND ONCE THE REAL CURRENCIES COME ON THE SCENE!
LETS GO DIGITAL, DIGITAL,I WANNA GO DIGITAL!……….DOC IMO
Mountainman: To “GET” the (EDGE)……One “MUST”……(HEDGE)……Plus Don’t Forget BRICS……and THE NEW SILK ROAD/GOLDEN TRIANGLE…….$$$$$$$$…
…..(TO TRUST) or “NOT TO TRUST”……USA……The “MONETARY OLYMPICS”…..(CONTINUE)!!!!!!!….Go For the “GOLD”!!!!!!!!
Thunderhawk: Against the Dollar? What Russia’s Increase of Bullion Reserves Could Mean
Russia seems to be launching a silent attack on the supremacy of the dollar and the Western countries, as President Putin is buying gold with “little fanfare, but on a large scale”; as there is no evident economic reason for such an increase, the move will provide Russia with an insurance against crises, according to German media.
“It is a silent attack on the supremacy of the dollar,” states German newspaper Die Welt, referring to Russia’s recent increased resupply of its gold reserves.
The outlet notes that “it is a declaration of independence, proclaimed in secret.”
“Russian President Vladimir Putin is buying gold at the moment — with little fanfare, but on a large scale,” it says, noting that in January alone Russia’s gold reserves increased by 20 metric tons.
Russia’s stock now stands at more than 1,300 tons, it adds (according to statistics portal Statista, as of February 2016, it is already almost 1,400 tons — 1,392,9).
“While politicians fear a new Cold War between Moscow and the West, it has already begun in the financial sector,” the newspaper further states.
It also explains that there are no evident economic reasons for such an increase, therefore it might be also an attack on the supremacy of the reserve currencies of America and Europe.
“One who buys gold reduces the dominance of the Western currencies,” the newspaper states.
Since 2005, Russia’s gold reserves have nearly quadrupled, it says, adding that in the last twelve months they had grown by more than 200 tons.
Ian Bremmer, an American political scientist specializing in US foreign policy and the president of Eurasia Group, a political risk research and consulting firm told the newspaper that money is often used as a financial weapon and in fact, Washington has used the dollar in the past to put pressure on Russia.
Therefore the Russian head of state apparently wants to avoid such dependency in the future by using bullion reserves to insure against crises.
The metal is recognized and is sought after worldwide, and its stockpile can’t be increased artificially.
The newspaper also notes that there is only one country that is buying gold even more actively, and that is China.
Its reserves now total nearly 1,600 tons (according to Statista — 1,762,3) – it ranks fifth globally, after the US, Germany, Italy and France. Russia comes sixth.
Apparently, China also hopes to get rid of the dominance of Western reserve currencies.
http://www.follownews.com/against-the-d … erves-v2gy
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BACKDOC: I THINK ITS VERY INTERESTING THAT COUNTRIES LIKE RUSSIA AND VIETNAM ARE PRIVATIZING THEIR BUSINESS ARENA AS WELL!
COOL! NO WONDER WHY THE U.S. WANTS TO PREVENT COMPANIES FROM INVESTING IN THEIR BONDS BECAUSE INVESTMENT IN THESE INSTRUMENTS WILL BE VERY PROFITABLE SINCE THE GOLDEN TRIANGLE WILL EXPAND ITS REACH!
RUSSIA AND IRAN ARE CREATING A GOLD BACKED CURRENCY CALLED THE URAL! DOC IMO
Mountainman: COUNTRIES are “TIRED” of Dealing W/USA and it’s (STRONG ARM) OVER Them….So “MANY” are (DIVERSIFYING) their “GLOBAL PORTFOLIOS”……That’s WHAT….You would do as Well….RIGHT???……IMO
Thunderhawk: Getting Arab Money: Gulf Investments Pour Into Russia Amid Sanctions
Wealthy Gulf states have increased their investments into Russia as traditional investments such as Europe become less profitable.
Although Russia’s Direct Investment Fund (RDIF) has been hit with US sanctions, it has been no barrier for wealthy Arab nations in the Persian Gulf interested in investment, the Arabian Business Weekly reported.
Over 90 percent of the RDIF’s investors have come from the Middle East and Asia, particularly from large sovereign wealth funds. The RDIF is a fund which helps foreigners unfamiliar with Russia’s economy invest in high-growth sectors with the help of investment professionals.
“The Gulf is becoming more familiar with the Russian market. In the past the country was perceived as a difficult market for investors — it has gone through an important transition from being a socialist economy only 25 years ago and a lot of institutions needed reforming,” RDIF CEO Kirill Dmitriev told Arabian Business.
Other drivers spurring investment in Russia for Gulf countries have been a weaker ruble and increased privatization of state enterprises.
One of the biggest recent investments has been Dubai port company DP World’s $2 billion investment into Russian ports despite pulling out of the market in 2012
,
“Russia has always been an attractive origin and destination market for us with huge long-term growth prospects,” DP World CEO Sultan Ahmed Bin Sulayem said at the time.
In addition to the Russian economy’s blue chips, Russia and the United Arab Emirates have begun looking at investments that would boost trade and cooperation, such as food exports, finance, Islamic banking and efficient oil exploration.
http://peoplenetv.com/getting-arab-mone … sanctions/
Thunderhawk: HEY DOC – HOW’S THIS FOR A TRIPLE HEADER!!!
BACKDOC: RIGHT THUNDER, THE NEXT WAR ON OIL WILL BE ELECTRIC CARS SINCE WE ARE USING WIND, SOLAR, AND NAT. GAS POWER STATIONS!
ALL THAT AND THE FUEL CELL CARS ARE COMING TOO! DOC IMO
Mountainman: Sheesh….HAWK…..YOU “Knocked” It Out Of the PARK……..NOW…..I Know it’s Called (IRAN)….but…..The WORLD has a CASE of The “I RUNS”…….To HOME BASE….and there You have it…..GAME OVER…….CLEAR the FIELD…..Folks GLOBALLY are going “NUTS” W/TRADE AGREEMENTS!!!!!!!!…….(8)……IMO
Thunderhawk: Finland keen on investment in clean technology, environment in Iran
Finland official said on Saturday that companies active in the fields of clean technologies, renewable energy and water and waste water industry are to visit Iran to consider grounds for investment and joint cooperation.
Project Director of Finland Trade Development Organization Luta Iroma said that Minister of Agriculture and Environment of Finland Kimmo Tiilikainen is heading for Tehran leading a Finland delegation. They will arrive in Tehran later in the day.
The 15th Tehran International Environment Exhibition will kick off on Monday February 29. It will work until March 3rd.
http://www3.irna.ir/en/News/81982382/
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Paris ready to develop economic-industrial cooperation with Tehran
France Foreign Minister’s Advisor, Jacques de Lajugie said that there is suitable ground for Tehran-Paris economic and industrial cooperation and it is welcomed by France.
Speaking in a meeting with Bank of Industry and Mines’ (BIM) chairman and the head of the board of directors Ali-Ashraf Afkhami, Lajugie said that in the wake of President Rouhani’s trip to France it is expected for both countries to start a new round of cooperation.
Afkhami said that BIM participates in financing infrastructure projects like steel, petrochemical, powerhouse and cement.
He added that necessary measures have been taken into action to act in post-sanction era.
He noted that over 100 million euro letter of credit was opened by BIM in the first day of post-sanction.
http://www3.irna.ir/en/News/81982017/
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Commentator says merits of oil-free economy higher than oil incomes
The globalization of oil industry is the best way for the oil-producing countries, including Iran, to protect themselves against ups and downs in the prices of the commodity.
The English language daily, Iran Daily, in an opinion piece published on Saturday, throws light on the issue of globalizing the oil industry and its benefits.
Full excerpt follows:
Close to $5 trillion of the forex reserves of oil producing and exporting states were transferred to oil consumer countries during January 2013-December 2015. This is, perhaps, the largest volume of monetary transactions in the 21st century.
To Read more: http://www3.irna.ir/en/News/81982181/
BACKDOC: GOOD NITE THUNDER, MM, AND FAMILY!
TOMORROW IS ONE DAY CLOSER TO PULLING BACK THE CURTAIN!
OHH AND IMPLEMENTATION DAY !!! HEE HEE DOC
