Mountainman: Well…..After this Shake Up and Shake Down……Sadr says We aren’t going Anywhere Until the Country gets What it Deserves…..HCL, LAWS, New Leaders and hey You Abadi…..Walk Straight or Else…..Got it…..And You Fred Flintstone…aka….Maliki…..We got A Special TREAT for You……IMO
BACKDOC: THE ORCHESTRA HAS BEGUN!
WITH WOODWINDS PLAYING THE CYMBALS ARE ABOUT TO CRASH! THE NOISE GETS LOUDER BY THE DAY WHILE THE MOONWALKING MALIKI IS ABOUT TO EXIT HIS PALACE STAGE TO FACE AN ANGRY CROWD OUTSIDE THE GREENZONE WAITING FOR HIS POTENTIAL DEMISE! DOC IMO
Thunderhawk Backdoc Alert
Iraq’s Sadr begins sit-in inside Green Zone to push for reforms
Powerful Iraqi Shi’ite Muslim leader Moqtada al-Sadr entered Baghdad’s Green Zone, the heavily-fortified center of the capital housing government buildings and embassies, on Sunday to keep up pressure on the government to enact reforms.
Thousands of Sadr’s supporters began a sit-in at the district’s gates more than a week ago and continued to camp out despite heavy rains earlier in the day, but Sadr took the protest forward by entering the zone itself.
“Beloved protesters, I will enter the Green Zone by myself and (my escorts) only. I sit in inside the Green Zone and you sit in at its gates. None of you move,” he told them before walking past a security checkpoint near parliament and the upscale Rashid Hotel into the Green Zone.
Sadr is urging Prime Minister Haider al-Abadi to move ahead with a plan announced more than six weeks ago to replace current ministers with unaffiliated technocrats in a bid to tackle systemic political patronage that has abetted graft.
Television channels affiliated with Sadr’s political party showed him greeting guards as he entered the district with armed guards, then sit down on a white plastic chair beside concrete barriers. He sipped on bottled water before sitting on the ground inside a green tent his aides had erected.
Protesters waving Iraqi flags outside expressed support for the move by Sadr, one of the country’s most savvy political operators who commands the loyalty of millions of Iraqis and has at times appeared very close to neighboring Shi’ite power Iran.
One supporter held a sign reading: “No retreat, no blood, no surrender.”
OPEN SIT-IN
It was not immediately clear how long Sadr, the 42-year-old who rose to prominence when his Mahdi Army battled U.S. troops following the 2003 invasion that toppled Saddam Hussein, planned to continue his personal demonstration.
Along with Grand Ayatollah Ali al-Sistani, Iraq’s top Shi’ite cleric, Sadr has re-emerged as a leader in matters of state in recent months after a period of relative quietude.
Abadi, who has been slow to deliver reforms but pledged to reveal a cabinet reshuffle this week, has voiced concern that Shi’ite street protests could spin out of control and endanger Iraq’s security when it needs to focus on fighting Islamic State.
Corruption and the U.S.-backed war against the ultra-hardline Sunni militants are depleting the government’s finances as revenues are declining due to lower oil prices.
If Abadi fails to deliver long-promised anti-corruption measures, his government may be weakened just as Iraqi forces are gearing up to try and recapture the northern city of Mosul.
The Green Zone, originally set up to protect U.S. occupation forces from suicide bombings, has been kept in place by successor Iraqi authorities for security reasons.
Roads and bridges over the Tigris River leading to the district were closed on Sunday, shutting down movement in central Baghdad as night fell.
http://www.reuters.com/article…..SKCN0WT0HZ
************
Mountainman: Keep Your Eyes In the OIL Dept…..on the Saudis…….This Will be another Temperature Gauge to WATCH……NOTICE…..This Reality in the Oil Market has (FORCED) their Hand……A RECYCLE of CYCLES……Indeed…….
BACKDOC: ISN’T IT INTERESTING THAT THE IRANIAN BUDGET OF $40.00 OIL SEEMS TO BE THE NEW STANDARD OF VALUE ON OIL!
PRESSURE ON S.A. TO HEAD TOWARD A MORE PRIVATIZED ECONOMY IS ON THE WAY JUST LIKE VIETNAM AND CUBA!
THEY CAN’T DIVERSIFY THEIR ECONOMY WITHOUT OZ’S HELP AND OZ NEED TO SEE THOSE THINGS CHANGE, ALONG WITH HUMAN RIGHTS! DOC IMO
Thunderhawk: Backdoc Alert
How $40 Oil Is Driving Social Change in Saudi Arabia
Yes, women in Saudi Arabia know how to drive. They can vote, at least in local elections. And every Saudi citizen, men and women, may be about to see the end of generous, oil-driven subsidies that explain a lack of income taxes and utility costs so low as to be practically free. Change is coming to the House of Saud — and it’s accelerating as the most destructive crash in oil prices in a generation forces the Kingdom’s rulers to reset the economy.
http://www.bloomberg.com/news/…..a-is-wrong
************
BACKDOC: TOMORROW (Monday) I WILL SHARE SOME FORWAD THINK THOUGHTS ON BLACK GOLD THE UNIVERSAL CURRENCY AND HOW I THINK IT WILL REPLACE THE DOLLAR AS THE WORLDS RESERVE CURRENCY IN A WAY!
A LOT OF PIECES TO THE PUZZLE ARE COMING TOGETHER AND I JUST MIGHT BE ON TO SOMETHING IMPORTANT. I’VE BEEN WORKING ON THIS FOR A FEW WEEKS NOW! LATER ON THIS ONE!
DOC IMO
Thunderhawk: Backdoc Alert
Oil Recovery Hits Saudi Devaluation Bet
Oil’s rebound to about $40 a barrel means some investors are nursing losses after betting that Saudi Arabia would abandon its three-decade-old currency peg.
Contracts used to speculate on the kingdom’s exchange rate in the next 12 months have fallen to about the lowest since November. A $1 million wager on the contracts at their peak in January would have lost 68,900 riyals ($18,370), or about 1.8 percent, according to Bloomberg calculations. Several U.S.-based hedge funds were said in February to be among investors that have bet Saudi Arabia would devalue the riyal.
The decreased speculation that Gulf nations will abandon their dollar pegs underscores how crude prices have recovered this year. Oil, Saudi Arabia’s main source of revenue, is headed for a second straight monthly gain. The Saudi riyal has been trading at a rate of 3.75 per dollar since 1986, and the kingdom has taken steps to make speculating against the currency harder.
“We have argued that those positioning for a devaluation were going to be disappointed,” said Simon Williams, the London-based chief economist for central and eastern Europe, the Middle East and North Africa at HSBC Holdings Plc. “The pegs have been in place for 30 years in times of high oil prices and low oil prices. I have no sense” that recent losses in crude are “going to change policy makers’ minds or force their hand,” he said.
Gulf Peers
The percentage loss on the riyal forwards may actually be greater than 1.8 percent because derivatives trades tend to be leveraged, meaning that more is at stake than is actually wagered. Still, the cost of a bet on any devaluation is small relative to the windfall investors would stand to receive should it happen.
Twelve-month currency forward agreements have declined for other members of the Gulf Cooperation Council. Contracts for the United Arab Emirates’ dirham have dropped 65 percent since hitting a seven-year high in January, while those for the Omani rial have almost halved from a recent peak. Bahraini dinar and Qatari riyal forwards have also tumbled.
Saudi Arabia has dipped into its reserves and sold debt as oil revenue dropped. Foreign-currency holdings have tumbled every month but one since August 2014 to less than $600 billion in January, from about $737 billion.
The reserves of GCC members provide ample room to maintain pegged exchange rates for several years, even in an adverse scenario for oil prices, Moody’s Investors Service senior analyst Mathias Angonin said in Dubai last week. Changes to the current exchange-rate systems are unlikely because the costs associated with one-off devaluations would outweigh the benefits, he said
.
The Federal Reserve has also relieved the pressure on Gulf currencies’ dollar pegs.
The U.S. central bank held off from raising interest rates this month and lowered forecasts for how much they’ll rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the economy. That’s helped drive the dollar the lower, buoying commodity prices.
“When you have a scenario where the Fed has scaled back the pace of their tightening, a lot of the reasons for getting off the peg have gone,” Kiran Kowshik, a currency strategist at UniCredit Bank AG in London, said by phone. “If you had the Fed very hawkish and starting a succession of hikes, that would be a different story.”
http://www.bloomberg.com/news/…..uation-bet
************
Mountainman : Well……He better have faith in said Policy and Economic Deals made…..but hey…..Keeping Your EYE on the Other side…..Reminds Me of Pres.Reagan…..”Trust but Verify”……Ok,Ok…..However he says We won’t STOP our Defense….****NOTE**** (STRATEGY)………Got it……Just Do What You say Your going to do and ALL BUSINESS Partners will be Happy…..W/One EYE OPEN…..On BOTH Sides that is…..LOL
BACKDOC: HEARING OF DEALS FROM JUST ABOUT EVERYWHERE WITH IRAN, THEY ARE ABOUT TO LAUNCH THEIR DIVERSIFIED ECONOMY WITH A POWERFUL NEW CURRENCY! REMEMBER COMPATIBILITY! TRADING PARTNERS JUST LIKE KUWAIT! DOC IMO
Thunderhawk: President Rouhani backs resistance economy, N-deal gains
President Hassan Rouhani put his support behind the resistance economy policies saying that additional time is needed to enjoy outcomes of the nuclear deal in attraction of capital, technology transfer, and economic interactions.
Speaking at the first cabinet session in the new Iranian year (started March 20), he said that following the measures taken in previous years, ground is better prepared for achieving the results.
He hailed the nuclear agreement as a significant and enduring phenomenon in the history of Iran and world and added, ‘Government is seriously monitoring implementation of the deal and the commitments of the opposite party.’
President Rouhani welcomed naming the current year by the Supreme Leader after resistance economy and said, ‘This also shows that in the eyes of the Leader, the main issue is economy too. We deeply have faith in this policy.’
He also categorically defended the measures taken to secure the country’s defense might and said, ‘We will pursue any move required for strengthening the country’s defense capacity. This is our strategic policy. We have to be vigilant not to give any pretext to the enemies though.’
http://www3.irna.ir/en/News/82014310/
************
BACKDOC: AS OIL SALES CONTINUE TO GROW THEIR ECONOMY IS ABOUT TO SCORE BIG WITH A NEW FOUND PURCHASING POWER SOON! DOC IMO
Mountainman: YES ……We Know the V.P. has Already said that they are Serious about “RUNNING the STAIRS of INFLATION DOWN”……So W/IRAQ Coming to their PRIMETIME REALITY……It’s NOT Surprising that Their Twin Bro/IRAN is Non STOP to the ENDING….IMO
Thunderhawk: Inflation rate continues to drop
The Central Bank of Iran (CBI) on Sunday put Iran’s inflation rate in the 12 months ending on February 20 at 11.9%.
According to statistics released earlier by CBI, Iran’s inflation rate in the 12 months ending in the month of Bahman (January 21) stood at 12.6%.
Improving economy and cutting inflation rate were among the main goals of President Hassan Rouhani since he took office in August 2003.
With a nuclear deal now in place and the subsequent lifting of Western sanctions on Tehran, the ground is now prepared for the government to live up to its promises.
http://www3.irna.ir/en/News/82014028/
************
BACKDOC: JUST AFTER GETTING A LITTLE BREATHER THE KINGDOM WILL BECOME UNDER PRESSURE AGAIN WITH THEIR CURRENCY TO DEVALUE AS THE DOLLAR TAKES OFF AGAIN AFTER A SHORT BREAK!
THIS PRESSURE WE BE ENORMOUS STAYING PEGGED TO THE DOLLAR WHILE THE TWO SHIA BROTHERS WILL ENJOY A HIGH CURRENCY VALUE WITH STRONG PURCHASING POWER ALONG WITH KUWAIT!
AS THE DOLLAR CONTINUES TO BE STRENGTHENED BY THE ECB QE AND NOW JAPANS NEW ROUND OF STIMULUS, THE PRESSURE IS MOUNTING! IF S.A. IS SO COMMITTED TO STAYING PEGGED TO THE DOLLAR WHY HAVE THEY PROTECTED THEIR NOTE COUNT BY HALTING THEIR CURRENCY? MMMMM
WHY NOT JUST DEVALUE AND INCREASE THE NOTE COUNT? MMMMM
MAYBE THEY NEED THE NOTE COUNT TO STAY LOW FOR A REASON! HEE HEE
DOC IMO
Thunderhawk: Saudi Stocks Lead Mideast Declines as Easter Weighs on Trading
Saudi stocks led Middle Eastern markets lower as oil languished near $40 a barrel and the Easter weekend holiday in Europe sapped volumes. Equities in Dubai extended the longest losing streak in more than two months.
The Tadawul All Share Index sank for a fourth day, losing 1.5 percent to 6,256.68 at the close in Riyadh. About 4.8 billion riyals ($1.3 billion) of shares traded, or 17 percent less than the market’s daily average over the past year. Jabal Omar Development Co.’s 9.3 percent plunge was the biggest contributor to declines. The DFM General Index lost 1.2 percent on less than half the average daily turnover value over the past year. The Bloomberg GCC 200 Index, which tracks the biggest companies in the six-nation Gulf Cooperation Council, slid 1.2 percent.
Once again, a major public holiday in Europe and the U.S. has depleted GCC volumes, so today is irrelevant to an extent,” said Akber Khan, who manages $850 million as senior director of asset management at Al Rayan Investment in Doha. “There are worries of some technical exhaustion given the strong market rally in recent weeks, and softer oil last week isn’t helping either.”
With about half of the GCC’s population made up of expatriates, many of whom celebrate Christian holidays, and most school terms ending around the third week of March, trading volumes typically drop on Easter Sunday. That has compounded pressure on regional stocks as some traders seek to lock in profits following a recent surge in prices. Gulf countries, home to about 30 percent of the world’s crude, rely on income from energy to fund spending. Brent crude posted its first weekly decline in five.
Gulf Drops
Abu Dhabi’s ADX General Index lost 0.8 percent. Qatar’s QE Index and Kuwait’s SE Price Index declined 0.6 percent and 0.5 percent, respectively. The Bahrain Bourse All Share Index slid 0.1 percent, while Oman’s MSM30 Index rose 0.1 percent. Israel’s TA-25 Index retreated for a second day, losing 0.7 percent.
Egypt’s EGX 30 Index lost 0.9 percent, the most in six weeks. North Africa’s biggest economy, suffering from a dollar shortage, has attracted $500 million of portfolio investments since weakening its currency this month, central bank Governor Tarek Amer said in a televised interview on Saturday. The nation may lure as much as $20 billion of foreign cash by year-end as it pushes ahead with economic reforms, he said.
http://www.bloomberg.com/news/…..kets-lower
Mountainman: Hmmm…….Wonder What Kind of DEALS….are the “EXCHANGE” INSTRUMENT for these (FUEL TANKERS)…..???…..Hey…What are Brothers For Anyway…….imo
Thunderhawk: Iran’s Parviz Khan border re-opens to Iraqi fuel tankers
Qasr-e Shirin, Kermanshan prov, Following more than ten days of lull, Iraqi fuel tankers resumed entrance to Iran through Parviz Khan border checkpoint in west of the country on Saturday, an official said.
‘In order not to disturb the Norouz travelers and tourists, a temporary ban was placed on the transit fuel tankers March 16-25,’ said Morad-Ali Tatar who is in charge of the Governor’s Office in the city of Qasr-e Shirin in the western province of Kermanshah.
‘On average, 500 fuel tankers from the Iraqi Kurdistan use the Parviz Khan checkpoint to enter Iran to deliver theri cargo to the Iranian southern ports,’ Tatar said.
‘They use the same route and use the checkpoint to return to the Iraqi region,’ he said.
According to the official, a ban will be placed again on the commuting tankers at the end of the Norouz holiday from March 31 to the midnight of April 2.
‘The decision is based on the restrictions set by Iran’s traffic police and regulations imposed by the Border Terminals and Transit Bureau,’ he added.
http://www3.irna.ir/en/News/82012820/
BACKDOC: DIVERSIFICATION IS COMING FROM EVERYWHERE!
Mountainman: Wow….. I Got (CONFUSED) as I read the Headline…..I Thought they were talking about SOAP…..Ivory/Coast…..Ok…Bad Joke….get him Outta Here…..LOL……This is {RICH} in Reality Resources and It will Be a [FUTURE] Mind Blower of What Happens in this IMF Assessed Region……BTW……Do You think IRAN is Choosing it’s “BUSINESS PARTNERS” like a NFL TEAM would for A shall we say…..GLOBAL SUPERBOWL…….Monetarily Speaking that is…..IMO
Thunderhawk: Iran, Ivory Coast underline development of economic ties
Iran’s Ambassador to Abidjan Mansour Shakibmehr in a meeting with Head of Customs House of Ivory Coast Colonel Major Issa Coulibaly underlined necessity to develop economic ties and cooperation between customs houses of the two countries.
Considering that Abidjan is the second largest port in Africa and a great deal of goods enters the country for transit and consumption, so the Customs House of the country is of special importance in this concern.
Meanwhile, Abidjan International Exhibition also opened on Thursday March 24, 2016 with a number of Iranian companies participating in the fair.
Ivory Coast has a population of 24 million and is located in western part of Africa.
Some 40 percent of population are Muslim and 33 percent Christian.
http://www3.irna.ir/en/News/82013052/
************
BACKDOC: AS HAWK AND I HAVE BEEN TELLING YOU, THE WTO WILL BE THE TRADE ENFORCERS! REMEMBER RECENTLY WE SAW INDIA TRYING TO DUMP SOLAR PANELS IN THE U.S. AND THE U.S. SUED THEM IN WTO COURT AND WON! INDIA GOT SLAPPED! HEE HEE
THE FTA IS THE ELECTRONIC SYSTEM THAT ESSENTIALLY ALLOWS A QUICKER, MORE SECURE, AND EFFICIENT SYSTEM OF TRADE USING A COMPLETELY DIGITAL FORMAT!
THOSE THAT ARE FTA APPROVED WILL DELIVER IN THE FASTEST MANNER POSSIBLE. THAT’S WHY WE CALL IT MEMBERSHIP HAS ITS PRIVILEGES! IMO HEE HEE
Mountainman: Sheesh HAWK……The TIME of GLOBAL SPEED in TRADE and MONEY Exchanging is Very Seductive……Especially for Countries in this Region Who Need to BOOST their Economies…W/DOC’S Favorite 80’s Song REMAKE…..LOL……It’s ALL going DIGITAL…Countries,Trade,Banks…..the Whole “TALAPIA”……This will be Very SIGNIFICANT as A RECYCLE of CYCLES…..Turns….IMO
Thunderhawk: MEGA MASSIVE HAWK ALERT
Asia-Pacific countries finalize first regional agreement to enable cross-border electronic trade at UN forum
An unprecedented regional treaty that will cut trade time and costs in the Asia-Pacific region was finalized at a United Nations led forum in Bangkok last weekend.
According to the United Nations Information Center (UNIC) here on Saturday, the agreement, drafted by working groups bringing together 27 member states of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), will result in long-term benefits for the region by promoting cross-border paperless trade to make international trade more efficient and transparent, while improving regulatory compliance.
This regional agreement adopted by ESCAP’s Interim Intergovernmental Steering Group on Cross-Border Paperless Trade is the first of its kind to focus on implementing advanced trade facilitation measures, particularly to achieve paperless trade across borders.
The agreement will also contribute to regional economic cooperation and integration and also enhance economic competitiveness of the region as a whole by providing momentum for member states to implement advanced trade facilitation measures, particularly paperless systems such as a Single Window, in connection with the implementation the WTO Trade Facilitation Agreement.
ESCAP research indicates that region-wide implementation of cross border paperless trade in Asia and the Pacific could lead to export gains of US$257 billion annually. Even partial implementation of cross-border paperless trade measures could lead to an export increase of US$ 36 billion annually, and the time required to export could decrease by as much as 44 per cent and reduce costs by up to 31 per cent.
The United Nations Under-Secretary General and Executive Secretary of ESCAP Dr. Shamshad Akhtar said: “This regional agreement is a unique and innovative intergovernmental framework for cross-border paperless trade facilitation. The regional treaty text is both ambitious and pragmatic, so that as many member states as possible can join and benefit from it, regardless of their current level of paperless trade development.”
With its specific focus on enabling electronic trade data and document exchange, this regional framework agreement is very much complementary to the WTO Trade Facilitation Agreement adopted 2 years ago.
The region has been a leader in trade facilitation and paperless trade innovation for the last two decades. Economic gains from implementing paperless trade systems have been significant. For example, after introducing the electronic single window in Singapore, the time to process trade documents was reduced from 4 days to 15 minutes. Many other countries in the region have also been moving towards a paperless trade environment.
This agreement will facilitate the deepening of paperless trade in Asia-Pacific. The now finalized treaty text will be submitted for consideration at the 72nd session of the Commission in May, and is expected to be open for signature and ratification by Asia-Pacific member States later this year.
The Interim Intergovernmental Steering Group on Cross-Border Paperless Trade was established in 2015. It is made up of more than 40 officials and experts from over 25 ESCAP member States, including China, Russian Federation and Republic of Korea.
http://www3.irna.ir/en/News/82012519/
************
BACKDOC: LOOKS LIKE THE SILK ROAD IS WORKING THEIR OWN DEALS! DOC
Thunderhawk: Indian refiners to buy Iran’s crude oil on FOB scheme
An informed source from a private refinery in India said that Indian purchasers will buy Iran’s crude oil on FOB scheme as of this April.
The source said that the purchasers should rent oil tanker by themselves to carry crude oil to their country.
Experts say that purchase of Iranian crude oil on FOB base will make the oil price cheaper for Indian refiners.
According to international law, under a FOB deal, the seller should bear all expenses until the consignment is delivered on board (ship, plane or railway) and after that all expenses including transportation fees, insurance and import tariffs should be borne by the purchaser.
India’s petrochemical company ‘ Baharat’ announced that it is going to start its crude oil import from Iran within the next few months.
India’s insurance officials announced that European Protection and Indemnity Company (P&I) is offering a re-insurance worth 580 million dollars for Iran’s oil consignments.
The P&I insure ship owners, renting companies concerning cases like death of crews, accident, sea pollution and other incidents.
India was the second largest Iran’s oil purchaser before the West imposed sanctions on Iran as a result of which its ranking dropped to the seventh place.
http://www3.irna.ir/en/News/82014069/
************
Thunderhawk: THIS IS HOW THEY PEG OIL TO THE SDR Hawk
Mountainman: So……In other WORDS……It’s ALL about the BIG BOYS Playing by A Set of {Common} RULES/STANDARDS that will Make A Boat Load of Money for those Who ****NOTE**** WORK TOGETHER/Remain Flexible……So Leave the ATTITUDES/PRIDE Behind or Live to Regret it Later…..Ask IRAN and Others….RIGHT…..???…..One can SEE how The FAMILIES are Establishing “New” (TRADE) Relations in this NEW REALITY……And Whether the Countries like it or NOT……MONEY Talks…..and Cry Babies WALK….IMO
BACKDOC: NOW IT’S TIME FOR ME TO ROCK YOUR SOCKS!
WHAT I HAVE BEEN WORKING ON FOR WEEKS NOW IS CONFIRMED WITH THIS ARTICLE! MY THEORY HAS BECOME REALITY!
OZ IS NOW IN THE PROCESS OF REMOVING THE DOLLAR AS THE WORLDS RESERVE CURRENCY. YES! HOW IS THAT POSSIBLE? WELL, I GUESS YOU WILL HAVE TO LISTEN TO THE CALL TOMORROW TO FIND OUT! HEE HEE (Monday Night KTFA CC)
WELL, LET ME GIVE YOU A TEASE! WHAT HAVE I TOLD YOU IS THE UNIVERSAL CURRENCY? RIGHT! BLACK GOLD! WHAT WOULD HAPPEN IF THE GLOBAL REALITY VALUE HAS NOW BEEN FOUND AND EVERYTHING ELSE WILL BEGIN TO FALL INTO PLACE AROUND IT? MMMMM
IN PREPARATION FOR MY DISCUSSION TOMORROW (Monday) THE FOLLOWING NEEDS TO BE REVIEWED BEFORE I SHARE MY THOUGHTS!
THE SDR CURRENTLY IS THE ONE WORLD CURRENCY, BUT CURRENTLY ONLY AVAILABLE TO COUNTRIES AS LOANS SINCE THE BANCOR IS NOT YET READY TO PRINT OR BE RELEASED YET.
WE ALREADY KNOW WHAT BACKS THE SDR AS DONOR CURRENCIES DON’T WE?
YES THE KUWATI DINAR, AND THE Iraqi dinar! POSSIBLY IN THE NEAR FUTURE WE MAY SEE AN ASIAN DONOR JOIN THE PARTY AS THE VND. WE WILL SEE! JUST MY THOUGHTS FOR NOW!
THE REST I WILL SHARE TOMORROW! (Monday Night KTFA CC) DOC IMO
Thunderhawk: Int’l approach to common oil, gas fields development
Oil and gas ‘Common Fields Development’ (CFD) is a strategic consideration for the owner governments. Any owner government, despite its national political and sectorial tendencies, has always emphasized its deliberations to CFD to promote its national interests.
In other words, there is no disagreement on the issue among any sovereign state’s political and economic elites. This consensus has realistically been an opportunity to pursue an effective roadmap to CFD and defend hereby the actualization of international common interests. There are some challenges for some countries in common oil and gas fields’ development.
In this context, if the question is why sufficient and acceptable results to maintain international interests in some certain common oil and gas fields have not been fully realized yet, in comparison with other satisfactory benchmarks in some regions, then the following analysis may briefly contribute to the explanation of different aspects of the issue and proposing some remedies to treat the CFD underdevelopment syndrome for the actualization of their on-time and effective collaborations.
Joint development of oil and gas resources among oil and gas-rich countries is of great importance in the era of ever increasing need for co-sufficiency and collaboration. There are pessimistic, as well as, optimistic approaches to oil and gas CFD. I do believe in ‘Realistic Optimism’ as a sound approach to analyze current and future trends in oil and gas CFD and hereby briefly explain different aspects of CFD.
Role of visionary leadership & energy diplomacy
The politics of cooperation governing CFD is a critical dimension of the issue. Political attitudes of the players may accelerate or hinder the pace of co-operations. A win-win attitude brings about peaceful adjustment of conflicts and can strategically lead to common interest’s fulfillment. Other win-lose or lose-lose approaches have been repeatedly adopted by some players in certain circumstances, which past experiences have frequently shown that the defeated parties pursue routes to remunerate the undesired results.
Hence, the adoption of win-win approach can strategically benefit all in the long-run. I do believe that emphasizing on the principles of ‘Continuous Dialogue’, ‘Good Intent’, ‘Sincerity’, ‘Purposefulness’ and ‘Mutuality’ is a must for the involved stakeholders. It will, with more likelihood, lead to peaceful adjustment of probable disputes or conflicts. This necessitates on its own turn, the observance of international legal frameworks and traditions.
Negotiations can act as serious means to resolve likely disagreements in a peaceful and friendly manner. The observance of these principles brightens the horizon of common interest’s actualization. The security issue is another aspect of the matter. Engaging collaboratively to safeguard common resources can reduce the probability of conflict and can act as an effective mechanism to conflict resolution and hence, contributing to a more secure atmosphere.
The challenge of ‘Unified Leadership’ has to be handled through adopting collective mechanisms such as establishing a ‘CFD Leadership Committee’. This helps to bring about change in the shortest period of time. This committee has to work closely with ‘CFD Operational Committee’ which follows the effective and timely operationalization of the policies adopted by the leadership committee.
There are various approaches to CFD which I call here as ‘Balanced-Developmental Approach’ (BDA), which emphasizes the development of all phases of a certain oil or gas field, and ‘Imbalanced-Developmental Approach’ (IDA), which concentrates on certain prioritized phases of a certain oil or gas field. Each approach has normally its opportunities and deficiencies, if is seen in a real strategic and operational and technical context. There are many reasons regarding when and how to apply IDA or BDA, but the role of governors’ ‘economic, political, developmental and technical attitudes’, besides ‘situational contingencies’ are important factors to consider among the others, which the leadership committee can decide upon.
Accountable and flexible management
There are some managerial obstacles which may hinder and slow down the pace of CFD. There are some managerial considerations to facilitate the effective CFD. Cooperations lead to the efficient utilization of common oil and gas resources and herby to strategically manage common fields in the long-run.
Establishing consortiums for more productivity is a mechanism in this regard. The establishment of ‘Joint-Ventures’ or ‘Common Commissions’ for deepening interim co-operations is a widely used recipe to speed up the timely joint-implementation of common projects in a certain common field. Such mechanisms help either to share resources, or diffuse managerial and technical expertise and experiences by the involved parties. As a matter of fact, Outsourcing oil and gas projects to ‘Real Private Sector’ or ‘Real Semi-Private Sector’ of the involved governments can synergize the overall shared capabilities.
Responsive, cohesive, ethical and accountable management for CFD is a strategic requirement to respond to the developmental needs of the industry and to foster ‘Meaningful Change’. Accountability of management towards the achievement of CFD goals in a definite period of time seems to be one of the most vulnerable managerial issues. The appointed bodies by the leadership committee are responsible to accomplish the determined goals. This managerial mechanism promotes the accountability of delegated bodies for their performance.
The leadership committee shall be informed on the progress to help lead the overall process. Issues such as ‘Early-Production’ can be considered as strategic issues by both committees to respond to market demand, if it has reached to disequilibrium. These mechanisms, if implemented effectively, will treat what I call ‘The Projects Completion Syndrome’ (PCS). Flexible management is a prerequisite to foster requisite leniency in all phases of the development process.
Proactive investment & finance: Key to financial success
The third issue is the effective and timely ‘Financing’ CFD projects. Close coordination with national parliaments, domestic and international financers are suggestible mechanisms for the harmonization of all CFD efforts. Joint-financing CFD can be achieved through establishing a ‘Joint-Financing Committee’ (JFC) to foster necessary changes.
Technology, methods and equipment
Technological issues are enough important to cite for promoting CFD efforts. New financial, operational and managerial methods have to be exercised by the involved stakeholders to speed up the effective utilization of common oil and gas fields.
Supporting strategists, technologists and manufacturers have to be put on the technology development agenda; procurement from international markets must simultaneously be on the fore of the efforts. The adoption of new technologies for operational efforts such as ‘Directional Drilling’ or ‘Radial Drilling’ is of strategic importance for CFD.
New legal frameworks, contracts as catalyzers
Establishing and application of a diversified set of ‘Contracts’ is another challenge for the involved partners. To initiate new legal frameworks, CFD must be streamlined by a closed harmonization with respective national governments or parliaments and a composition of independent expert groups and institutions.
New frameworks must either actualize the interests of the involved actors who engage in CFD efforts. What I call as a win-win ‘Financial Gains Portfolio’ (FGP) for the engaged parties can be assumed as the core point of CFD agenda. There will be a real need to review and reorganize present legal frameworks to promote the unity of efforts and interests in CFD. New elaborated contractual and legal frameworks pose serious implications on motivating giant financers and investors.
National interests as well as other stakeholders’ interests must be observed, in a broader context, through developing a ‘Comprehensive Interests Basin’ (CIB) to convince all involved parties to be able to gain what they are pursuing in their interim co-operations. Establishing an expert committee to address potential neglects on contractual issues is important to prevent misunderstandings, resolving disputes or probable corruptive behaviors, which in many cases, seem to be inherent in some oil and gas deals.
Strategic human resources management: The heart of petroleum sector management
Strategic human resources management (SHRD) is a strong commitment for effective CFD efforts by the engaged partners. Adopting an effective and meaningful ‘Human Resources Management’ (HRM) system based on scientific measures such as ‘Performance-based Management’ (PBM), or ‘Competency-based Management’ (CBM) can act as an early-productive mechanism to promote the morale of craftsmen in common oil and gas fields. Human factor is ‘the most important element of joint-productivity’.
Co-operative ‘intergovernmental relationships’ are important for developing common strategies for CFD to maximally increase Returns on Investments (ROIs). For this to happen, the involved stakeholders may find ways and means to legally, politically, managerially and technically evaluate pitfalls and provide time-saving remedies to safeguard common interests through CFD in a broader internationally cooperative and strategic framework.
Overcoming political and more importantly, technical barriers for effective CFD is a liability which can be realistically managed through mobilizing mutual capabilities and initiating visionary leadership, through energy management and diplomacy. The effective implementation of CFD schemes can be achieved through a comprehensive mobilization of common capabilities and engaging in energy diplomacy and multilateral dialogues among the involved stakeholders.
http://www3.irna.ir/en/News/82013704/
Mountainman: Well w/ A {BREXIT}…..Looming in June…..I’d say Business for the POUND would be PARAMOUNT…….WHY wait Another 40 Years…..RIGHT….???…Because after DOOM it’s BOOM….IMO
BACKDOC: AT LEAST FOR NOW IT SEEMS TO BE GAME ON IN DOING BUSINESS WITH IRAN! IT LOOKS TO BE A ROYAL AFFAIR! BAAA HAAA DOC IMO
Thunderhawk: British heir interested in Iran visit, after 40 years: Times
Prince Charles, heir to British throne, will reportedly make a ‘historic’ visit to Iran — the first official royal trip for more than four decades — according to a London-based weekly.
The Prince of Wales has expressed a keen interest in travelling to the country in the autumn. The Foreign and Commonwealth Office and Clarence House are in talks with Tehran about a tour, which would mark a major diplomatic coup,’ wrote The Sunday Times.
The prince is very keen to visit Iran. He hopes he would be able to use his role as a diplomat to further encourage the relationship and dialogue between the two countries,” a royal source was quoted saying.
Prince Charles had visited the Iranian city of Bam in 2004 — after a devastating earthquake the previous year that had killed 40,000 people — as officials said that trip had been made in the capacity as president of the British Red Cross.
http://www3.irna.ir/en/News/82014297/
************
Mountainman: Well DOC…..Gotta Laugh…..Congress gets The OIL Green Light to Move Globally and Now W/A New (REALITY) Value Awaiting it’s Entrance…..OIL may Set The TRANSITION as Many Articles May be Alluding to…..IMO
BACKDOC: WITH ALL THE GAS IN THE MIDDLE EAST THAT IS CLOSER AND POSSIBLY CHEAPER IT LOOKS LIKE DEALS ARE GOING PLACES ONE WOULD NEVER EXPECT! IN THE END A BALANCE WILL FIND ITS WAY AMONG THE SILK ROAD AND THE EMPIRE!
“OHH I’M OFF TO SEE THE WIZARD!” DOC IMO
Thunderhawk: Coincidence? Turkey Now Importing Liquefied Gas From US
In January, Turkey for the first time imported liquefied natural gas (LNG) from the US.
The shipment was 83 million cubic meters, which accounts for 7.15 percent of the country’s total LNG consumption.
According to the Turkish Energy Market Department (EPDK), in January the country bought 468 billion cubic meters of LNG from Algeria, 437 million cubic meters from Qatar, and 171 million cubic meters from Nigeria.
In January, the total amount of imported LNG reached 1.16 billion cubic meters, 396 million cubic meters more than last January. The total consumption in January was 5.39 billion cubic meters of LNG.
Turkey’s major gas suppliers are Russia (nearly 60 percent of country’s needs) as well as Azerbaijan and Iran.
In 2015, Gazprom delivered a total of 20 billion cubic meters of gas to Turkey. In January, Gazprom CEO Alexei Miller said Russian supplies to Turkey increased by 3.4 percent, against last January, to 2.82 billion cubic meters.
http://ru.shafaqna.com/EN/RU/790431
************
Thunderhawk: DOUBLE PLAY……… Cool I guess they’re finally getting er done !
What say you Doc ? Hawk
Mountainman: Can You say The Shortest {ROUTE} Between Two Points is a Straight Line…….Well This Won’t be that Easy…..but, (WHAT) it does Tell Me is…..IRAN Means Business….”BIG BUSINESS”…..and We are Going to Make it Happen…..This Global Reality is Unlike ANY of us have Ever Seen and Most May NOT Live to SEE the “NEXT PHASE” 12/1 take the WORLD to……IMO
BTW…..I think IRAN just HIT A (BUNT) and STOLE the NEXT Base…..R U Kidding Me……LOL
BACKDOC: LOOKS LIKE THE DUEL TRADING AND SHIPPING SYSTEM IS GETTING SOME SERIOUS TEETH! AT LEAST MORE THAN ME HEE HEE!
WITH AN ALTERNATIVE SHIPPING SHORT CUT FROM THE CASPIAN SEA TO THE PERSIAN GULF A TRUE COMPETITION TO THE SUEZ CANAL WILL EXIST!
NO WONDER THE GERMANS WANT TO HELP BUILD A RAIL SYSTEM ALL THE WAY FROM EUROPE TO IRAN! JUST IMAGINE HOW GOODS CAN BE SHIPPED WITH THAT SHORT CUT AND A RAIL SYSTEM TO EUROPE!
THE REVENUE FOR THAT CANAL WILL BE INCREDIBLE FOR IRAN!
NO WONDER RUSSIA WANTS TO CREATE A GOLD-BACKED CURRENCY WITH IRAN CALLED THE URAL!
DOC IMO
PRESENT ARTICLE DATED March 26, 2016
Iran’s ‘Suez Canal’: Tehran Could Connect Caspian Sea and Persian Gulf
One of the most ambitious initiatives that Tehran plans to launch will see an artificial channel link the Caspian Sea and the Persian Gulf. The project, which is expected to be completed in the 2020s, is particularly interesting for Russia due to the cold spell with Turkey, but European and post-Soviet states will also benefit from it.
In Iran, “work is underway to construct a navigable channel linking the Caspian and the Persian Gulf,” economic analyst Alexei Chickin observed.
The initiative itself is not new. The idea first emerged in the late 19th century and by 1890s Russian engineers developed blueprints for the navigable channel that would offer Russia and others the shortest way to the Indian Ocean bypassing the Turkish Straits and the Suez Canal in Egypt.
The project was endorsed by Iran’s former President Mahmoud Ahmadinejad. In 2012, former Iranian Energy Minister Majid Namjoo estimated that the cost of the project would be approximately $7 billion.
In February 2015, Chairman of the National Security and Foreign Policy Committee of the Iranian Parliament Alaeddin Boroujerdi told the Fars news agency that Khatam-al Anbiya, an engineering company owned by the Iranian Revolutionary Guard Corps (IRGC), was taking a close look at the project.
But not everyone has welcomed the idea with open arms. “The West and Turkey have directly or indirectly tried to block the waterway [from being created]. As a matter of fact, the United States imposed sanctions” on companies that have been involved in the project, Chickin explained.
Other challenges to constructing the channel that would also help to deal with droughts in central Iran include difficult terrain, the sheer magnitude of the project, as well as the required level of funding, which among other things will have to cover desalination efforts. In addition, the artificial waterway will be built in an area prone to earthquakes.
http://www.onenewspage.com/n/Europe/759jtt7oc/Iran-Suez-Canal-Tehran-Could-Connect.htm
PAST ARTICLE DATED Apr 8, 2012
Iran to Connect Caspian Sea to Persian Gulf
Iran will soon launch a plan to connect the Caspian Sea to the central regions of the country and the Persian Gulf, Fars News Agency quoted Energy Minister Majid Namjou as saying.
According to the minister, this plan aims to provide water for industrial and agricultural purposes in Central Iran. In the areas of the country remote from the Caspian Sea about 500 million cubic meters of water can be transmitted per year, Namjou said.
He added that the plan is developed based on the idea of connecting the Caspian Sea in the North to the Persian Gulf in the South.
Iran plans to build a navigable canal Caspian-Persian Gulf. This means building a transcontinental channel about 600 kilometers long, of which nearly 350 kilometers will be held on the fairways of the rivers Kyzyluze flowing into the Caspian Sea and Karkheh flowing into the Persian Gulf.
Iranian experts have estimated the cost of laying a water artery between the Caspian Sea and the Persian Gulf to stand at around $6.5 to $7 billion. The project connects the North Atlantic to the Indian Ocean along the shortest route, and its creation could push back the strategic importance of the Black Sea, the Aegean straits and the Suez Canal.
http://en.trend.az/iran/2011824.html
************
BACKDOC: EVEN THOUGH WE WILL HAVE TWO TRADING SYSTEMS GLOBALLY, ALL WILL ANSWER ULTIMATELY TO THE IMF SINCE AS WE HAVE SHOWN YOU WILL BE CONTROLLING THE WTO AND ENFORCING TRADE AND SHIPPING!
ALSO, THE MONEY CREATION IN THE NEW REALITY WILL ONLY COME FROM THE SDR AND THE DIRECTION FROM THE IMF!
COUNTRIES WILL NO LONGER BE ABLE TO CHEAT ON THEIR CURRENCIES! DOC IMO
Mountainman: Well…..Reassuring Christine…..I can Hear it Now…..Don’t Worry CL we got your Back as Long as You have our Back….No MONKEY BUSINESS….Follow the NEW RULES….IMPLEMENT Supply-Side Structural Reforms,and EVERYTHING else We discussed at the G-20 Meetings…..and A FLOCK of SEAGULLS will Attend w/Us at said SDR CELEBRATION in October 2016…..
Wheeew…..RIGHT….???…..LOL….Good Now Let’s Get Out of here and go Eat some SHARK……I’m Hungry!!!!!!!!…..
BTW…..Don’t FORGET that KEY WORD You Talk about as Well…..You Know…C’mon…..Yup……
tran·si·tion tranˈziSH(ə)n,tranˈsiSH(ə)n/ noun
1. the process or a period of changing from one state or condition to another.
“students in transition from one program to another”
synonyms: change, passage, move, transformation, conversion, metamorphosis,alteration, handover, changeover; More
verb NORTH AMERICAN
1. undergo or cause to undergo a process or period of transition.
“the network ought to be built by the federal government and then transitioned into private industry”
Thunderhawk: IMF CHRISTINE LAGARDE AT THE CHINA DEVELOPMENT FORUM
The three-day China Development Forum (CDF) kicked off at the Diaoyutai State Guesthouse in Beijing last Saturday. The CDF is a large-scale and high-profile international conference, happening right after the National People’s Congress and the Chinese People’s Political Consultative Conference each year.
It is approved by the State Council and sponsored by the Development Research Center of the State Council, a proxy for one of the Communist government’s planning agencies, which formulates economic and social policy for the government and the Communist Party’s central leadership.
CDF sticks to the principle of “engaging with the world for the common prosperity” and is supposed to serve as an important platform for Chinese government to carry out exchanges and discussions with global business elites, leaders of international organizations, as well as foreign and Chinese renowned scholars. Initiated in 2000, its mission is to bring remarkable contributions for the policy exchange and international collaborations between China and the world. Also, considering the importance of the destiny of Chinese economy for global prospects, the China Development Forum is to be watched closely to understand how Chinese leaders view the challenges ahead.
Chinese prime minister, Li Keqiang, declared at the Forum that China will prevent from sustaining its export by devaluating the currency. He reassured the Director of the International Monetary Fund (IMF), Christine Lagarde, who attended the Forum, about Beijing’s intentions and about his disapproval of currency wars – meaning competitive devaluation – on a global scale. Such scenario would not be positive – he said – neither for global economy, nor for the Chinese one, which is undergoing a transition process.
Li told Lagarde that, over the next five years, China will implement “supply-side structural reform” to stimulate the vitality of the market, will put forward the building of a legal framework, and will create an exchange rate for the RMB, to conform to the principles of gradualism, and verification. Li also reassured about the level of Chinese debt, and explained that China’s central bank has different instruments at his disposal to face financial risks.
During the CDF, Lagarde said she has been impressed by the ambitious policy agenda of the country and by its drivers towards reforms. She continued stating that the systemic transition defined by the new Five-year Plan, which has been just approved, clearly articulates President Xi’s vision of the path to “rejuvenate” the Chinese nation. IMF Director also commented the decision of including the RMB in the Special Drawing Rights Basket in last November.
The decision will be implemented in October this year, to testify the increasing leadership China is exerting in the global arena, a role which is expected to grow in importance in the future, according to Lagarde. In her view, three policy imperatives can help guide China though a balanced transition: opening the Chinese economy, narrowing the gap between rich and poor, expanding innovation, entrepreneurship, and R&D investments.
At the forum, the vice-premier Zhang Gaoli, underlined the plans to intervene on the quality of growth, highlighting the need of a more innovative economy, and the urgency of containing pollution. The transition to a low-emission economy offers a great opportunity to the economic progress of the country. Furthermore, the new Five-year plan is expected to bring reforms regarding the system of urban registration (hukou), to encourage permanent immigration from the countryside, he said, which should bring along remarkable economic and social benefits.
http://ggii.cqu.edu.cn/imf-chr…..ent-forum/
************
Thunderhawk: They can’t do anything till Iraq goes LOL Hawk…. Hey Doc There goes 11 again
BACKDOC: WELL, ARE WE SURPRISED THAT GREECE HAS TO WAIT IN LINE WITH THE REST OF US? HEE HEE….OF COURSE, ANY MAJOR EVENT SEEMS TO BE ALWAYS LAUNCHED ON A 8TH, BUT I’M SURE WE ALL WILL “BE DANCIN IN THE MOONLIGHT, EVERYBODY”…… DOC
Mountainman: Well HAWK…….As MARCH MADNESS Comes to an END…..Like they say…..APRIL SHOWERS bring MAY FLOWERS……and Boy do They SMELL GOOD….IMO…….So C’mon SHIA BROS….. You/IRAQ had Some HISTORY Made w/ALL the GLOBAL ENVOYS on Saturday so……Sign that PAPERWORK …..because ALL Know Who is On the STAGE Next…….LOL…..IMO Blessings,Mountainman
Thunderhawk: Greece accuses IMF of stalling bailout review
Athens is blaming the International Monetary Fund (IMF) for the delay in evaluating the country’s bailout program.
“All institutions share the blame, but especially the IMF is to blame for the continued uncertainty prevailing in Greece’s economy,” said the country’s general secretary for fiscal policy Franciscos Koutentakis.
The IMF has made excessive fiscal demands and presented incorrect figures during negotiations, raising significant obstacles to completing the evaluation, according to Koutentakis, adding that the IMF’s demands have grown beyond what Greece and the European institutions agreed previously.
“It seems that they want to see you at the edge of a cliff in order to start negotiating seriously. They create and maintain uncertainty,”added the politician.
The comments came after the heads of the bailout institutions left Athens for the Easter break. No agreement on the type and scale of budget cuts and economic overhauls for Greece has been reached.
The parties aim to resume negotiations early next month and plan to reach an agreement by April 11.
Without an agreement a review of Greece’s €86 billion bailout program cannot be completed and the country cannot get the necessary financial aid.
According to the agreement reached last summer, Greece had to achieve a primary budget surplus of 3.5 percent of gross domestic product (GDP) by 2018. The European Commission (EC) insists on three percent of GDP while the IMF is demanding 4.5 percent.
Koutentakis said Athens and the European institutions agreed the country had achieved a 0.2 percent GDP primary surplus last year, beating targets for a deficit of 0.25 percent. However, the IMF claims Greece posted a 0.6 percent GDP deficit. The government figures are still to be approved by the EU’s statistics service Eurostat next month.
The €86 billion in aid to crisis-stricken Greece was approved by international lenders (the IMF, the ECB and the European Commission) last summer. After a number of negotiations, the Greek government introduced austerity measures required for the bailout. Greece has been struggling through a financial crisis since late 2009.
http://www.thebankdirectory.co…..ut-review/
Thunderhawk: Where’s the Rate? Chinese proverb say: NO ticky NO shrity !Hawk
BACKDOC: IT APPEARS NOBODY GETS TO START THE GLOBAL GAME AHEAD OF THE LINE! HEE HEE
THE DOLLAR AWAITS ITS DEMISE BUT NOT UNTIL OZ SAYS SO!
AS THE DOLLAR IS BEING PULLED OUT OF THE GLOBAL ECONOMIES ITS NO WONDER WE SEE QE HAPPENING LIKE CRAZY!
WHEN THE TIME IS RIGHT THE DOLLAR WILL FIND A NEW REALITY. WE WILL TALK ABOUT HOW IT GETS REPLACED! DOC IMO
The Latest Dollar Death Nail – Heading towards critical mass: AIIB has 30 more countries waiting to join
It is both a natural and economic law that states that when critical mass is reached for a new emergence, then it will inevitably replace the old system. And with more and more nations divesting themselves of U.S. hegemony and moving Eastward towards China, that nexus point of critical mass is very close to changing the global financial landscape.
This is because China is ready to take over nearly all Western institutions and infrastructures that are currently used to provide command and control for Washington, and the American empire. And a new report out on March 25 shows that the Far Eastern power is probably now just a few countries away from changing the balance of power, as the next 30 nations who did not initially sign up with the Asian Infrastructure and Investment Bank (AIIB) are ready to do so giving China 87 economies willing to leave U.S. hegemony.
“More than 30 countries are waiting to join the China-backed Asian Infrastructure Investment Bank (AIIB), adding to its 57 founding members,
Reuters quoted its president as saying on Friday. Jin Liqun did not identify the prospective members, but said that the Chinese territory of Hong Kong may also be allowed to become a member. The AIIB was first proposed by President Xi Jinping less than two years ago and has become one of China’s biggest foreign policy successes despite the opposition of Washington. Many major US allies, including Australia, Britain, German, Italy, the Philippines and South Korea, have joined it.
— Russia Today
In January, foreign nations dumped more dollars than in any month in history, and brings the total of Treasuries shipped back to the U.S. over the past six months to over $600 billion.
And much of this is in part to China providing an alternative to the dollar for many economies, and the growing coalition of Eurasian and Far Eastern infrastructures that are being denominated in currencies other than the global reserve.
All moves done by China since 2013 have been under the auspices of a meticulous program to slowly squeeze the life out of the petro-dollar, and Washington’s hold over the global economy.
And despite the fact that for an 18 month period, the world rushed into the dollar as recession began to sprout across most continents, the opposite is now happening, and nations are not only divesting themselves of dollar hegemony, but are putting their bets on China’s ability to fill the coming vacuum that begins in earnest once that law of critical mass is finally reached.
http://thedailycoin.org/?p=68138
Thunderhawk: Good night Frank – Family – Friends
See you on your CC tomorrow
Enjoy being with you !
Blessings ThunderHawk
TY MM
