BACKDOC: WE ARE BEGINNING TO SEE MORE AND MORE ARTICLES LIKE THIS ONE PREPARING THE WAY FOR WHAT IS COMING! (see article below)
ONCE WE SEE A MONETARY LAUNCH WITH SEVERAL COUNTRIES PUBLICLY I BELIEVE THERE WILL BE A HUGE DISTRACTION TO CAMOUFLAGE ITS INTRO!
MARKET DISRUPTIONS MAY BE PART OF THAT SCENARIO ESPECIALLY IF A SAUDI DE-PEG IS ANNOUNCED!
WHEN THINGS LOOK THE WORST FOR MANY IT WILL BE THE BEST FOR US!
GOD BLESS YOUR VISON AND YOUR STAYING POWER TO SEE THIS THROUGH! MID YEAR IS JUST ABOUT ON US! DOC IMO
Mountainman: The FUTURE of How Our ECONOMY Reacts is One that IMO….is Difficult to Forecast in the LONG TERM……I do Expect A Rough Road Ahead as the {TRANSITION} Occurs…..
The Big Problem is The MARKET FORECASTERS are Using A MODEL Based Off of the OLD FIAT SYSTEM and Not A NEW GLOBAL ASSET VALUED SYSTEM……Now Obviously they don’t Have that MODEL to Follow Yet…….
So How The MARKETS REACT and ADJUST to this NEW REALITY is One We will Eventually See……In the Mean Time We Watch and Prepare on Our End w/Understanding and The Ability to HELP those Around Us Who Are Lacking The Insights We Have…….IMO
Blessings,Mountainman (8)=New Beginnings……for A REALITY of {CHANGES} GLOBALLY
Thunderhawk: Backdoc Alert
Recession May Loom for Next U.S. President No Matter Who That Is
With growth so slow — it clocked in at a mere 0.5 percent on an annual basis in the first quarter — it wouldn’t take that much to tip the economy into a recession.
“It’s like a bicycle that’s going too slowly. All it takes is a little puff of wind to knock it over,” said Nariman Behravesh, chief economist for consultants IHS Inc. in Lexington, Massachusetts. Read more at:
http://www.bloomberg.com/politics/articles/2016-05-11/congrats-on-winning-the-white-house-here-s-your-recession
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BACKDOC: USUALLY WHEN THE MARKET GETS LOPSIDED IN AN AREA IT DOESN’T END WELL!
IT WON’T BE LONG I’M AFRAID! DOC IMO
Mountainman: You See FOLKS…..CONFUSION and UNCERTAINTY……This the REACTION before the REAL ACTION of MARKET CHAOS Is In FULL FORCE……We will Be Needed……H E L P Us (They Say)……..That says It (ALL)…….IMO
Blessings,Mountainman (8)=New Beginnings…..for MINISTRY
Thunderhawk: Backdoc Alert
Investors Fleeing $9 Trillion of Negative Yields Fuel Bond Binge
There’s no shortage of demand in the $100 trillion market for global debt, as investors crowd into corporate and long-term sovereign obligations to steer clear of negative yields.
Yield-hungry bidders are snapping up government bonds. Auctions of long-term debt by the U.S., Spain and Portugal all drew strong demand Wednesday, with the Treasury sale seeing unprecedented appetite from one class of investors. Buyers are also clamoring for company bonds, in a week that may be the busiest this year for corporate borrowing in the U.S. and Europe.
The driving force behind the bond binge is the growing universe of negative-yielding securities, which has expanded above $9 trillion since the European Central Bank and Bank of Japan cut interest rates below zero. JPMorgan Chase & Co. predicts that with the supply of debt falling, conditions in the global bond market will be so favorable in 2016 that record-low yields are probably in store.
http://www.bloomberg.com/news/articles/2016-05-11/investors-fleeing-9-trillion-of-negative-yields-fuel-bond-binge
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BACKDOC: ALTHOUGH THE IRAN, IRAQ, AND S.A. SHARE OIL EXTRACTION COSTS BETWEEN $3.00 TO $7.00, THEY WON’T BE ABLE TO DRIVE OUT HIGHER COST PRODUCERS BECAUSE OZ WILL NOW CONTROL SUPPLY AND DEMAND THROUGH SDR SETTLEMENTS BASED ON CONTRACTS!
A PRICE THAT IS FAIR FOR MOST COUNTRIES IS EVENTUALLY WHERE OZ WILL SET THE PRICE. DOC IMO
Mountainman: There is No Doubt SHALE has Been Hit Hard in the Decline In OIL Prices……What we are Seeing now is A Crimp w/Purpose In order to Reestablish How Oil will Be Priced thru Contracts and TPP……Now as M.Eastern Countries are READY to Use OIL in their Budgets
OIL is Going Up with Perfect TIMING……As More DEALS are Solidified GLOBALLY OIL will Eventually Reach it’s Intended Price Range and New Life will BREATHE into A Land of VALUES as Well…..IMO
Blessings,Mountainman (8)=New Beginnings……for OIL to RISE from the DEAD……
Thunderhawk: Backdoc Alert
Is the American dream of energy independence dead?
Low oil prices since mid-2014 have claimed many victims in the oil industry with oil workers’ jobs lost, rigs closed and exploration projects shelved. And no more so than in the U.S., a country which had hoped that its shale oil and gas “revolution” could lead to U.S. energy independence by 2020.
Things have changed dramatically in global oil markets since the shale oil boom around 2010, however, making those expectations more dream than reality for now.
“I don’t know if it’s physically possible for us to ever get to a point where we don’t need to import certain types of crude,” Suzanne Minter, Oil & Natural Gas analyst at Platts Analytics, told CNBC Read more at:
http://www.cnbc.com/2016/05/11/is-the-american-dream-of-energy-independence-dead.html
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BACKDOC: THE RESTRICTIONS ON USING U.S. DOLLARS OR MAKING TRANSACTIONS WILL SEVERELY LIMIT IRANS BUSINESS POTENTIAL!
THEY WILL BE MOSTLY RELEGATED TO THE GOLDEN TRIANGLE UNLESS THEY HAVE MADE A DEAL TO SETTLE A PERCENTAGE OF THEIR BLACK GOLD SALES IN U.S. CURRENCY! MMMMM
WILL THEY? I BET WE KNOW THAT ANSWER BY EARLY JUNE! DOC IMO
PappaJ: DOC, BASED ON THE ARTICLES THAT WE HAVE ALREADY SEEN THAT DEAL IS ALREADY DONE BUT ME THINKS THAT THE LIONS SHARE OF THE BUSINESS IS TO BE DONE WITH CHINA AND RUSSIA ,
REMEMBER SPREAD THAT WEALTH IS THE MONTRA WE HAVE HEARD FOR THE LAST 7 YEARS!
INTERESTING THAT THE US HAS SAT ON ITS HANDS PUBLICLY ON IRAN
—REMEMBER WHAT HILLARY SAID ABOUT IRAQ — IF YOU HAV NOT INVESTED BY NOW IT IS TO LATE —- ISNT THAT SPECIAL???? SAME SCENARIO IMO!!! PJ
Mountainman: Well JOHN……Now Sure is GREAT TIMING to {CLARIFY CONFUSION}……..Wouldn’t You say…..Hmmm……Hmmm
Blessings,Mountainman (8)=New Beginnings……for IRAN and The U A………EVERYTHING is A O K…….Signed JOHN K…….IMO
Thunderhawk: Kerry: International businesses could engage with their Iranian counterparts
US Secretary of State John Kerry said on Tuesday that international businesses could engage with their Iranian counterparts.
“It’s just not as complicated as some people think,” he said, the AP reported. “That’s absolutely open for business as long as it’s not a designated entity, period. Very simple.”
“It’s important to have clarity and the clarity is that European banks, as long as it’s not a designated entity, are absolutely free to open accounts for Iran, trade, exchange money, facilitate a legitimate business agreement, bankroll it, lend money – all those things are absolutely open,” Kerry said. Read more at:
http://iran-daily.com/News/151161.html
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Mountainman: IRAN is Like Most w/HUMAN NATURE……One {NEVER FORGETS} Those Who had Ones Back……WHEN OTHERS Abandoned You…….Look for this TRADE ALLIANCE to be Powerful in It’s Cooperation and CROATIA as a Distributor of Oil and Gas for other European Countries……REMEMBER Europe has a Lack of Oil/Gas Resources……IMO
Blessings,Mountainman (8)=New Beginnings……for CROATIA and IRAN……
Thunderhawk: Croatian president to visit Iran next week
Croatian President Kolinda Grabar-Kitarović, heading a large economic delegation, is scheduled to visit Tehran next week, looking to expand its economic cooperation with Iran following a landmark nuclear agreement between Iran and world powers.
In previous years, politicians and businessmen from Iran said that Croatia was an extremely important country for them, not only because of its geopolitical position, but also because they considered Croatia as a friendly country which had never turned its back to Iran and therefore had a certain advantage compared to other countries.
Even while sanctions were still in effect, members of former government, Foreign Minister Vesna Pusić and Tourism Minister Darko Lorencin, as well as former parliament speaker Josip Leko visited Iran to make it clear how important cooperation with Iran was for Croatia.
For Iran, which has large gas reserves, Croatia is located at an extremely important geopolitical location and could become a distributor of Iranian gas to many European countries. Iranians are interested in investing in an LNG terminal, shipbuilding,
petrochemical industry and tourism, while Croatian companies want to invest in infrastructure and energy. Read more at:
http://iran-daily.com/News/151187.html
BACKDOC: I GUESS WE BETTER KEEP ANY REMOTE ACCESS TO BANK ACCOUNTS LIMITED TO SMALL AMOUNTS OF CASH! THE REST SHOULD NOT HAVE REMOTE ACCESS! DOC IMO
Mountainman: nteresting……ONE of Obama’s EXECUTIVE ORDERS last Year was for CYBER SECURITY……This “SWIFT” Incident SMELLS Like A DEAD FISH…..and In TODAY’S HIGH TECH Arenas and SPACE/NASA and the Rest…..Your Telling Countries that (They) are Basically {ON Their OWN}……Good Luck CHUCK……
PLEASE, SPARE ME…..Could This Be An EXCUSE for FUTURE “REASONS” as to WHY Some GLOBAL DIGITAL Changes are On the HORIZON….???=BANKING PROBLEMS and More……IMO
Blessings,Mountainman (8)=New Beginnings……For CYBER SECURITY……..
Thunderhawk: Financial messaging service SWIFT says banks responsible for own cybersecurity
SWIFT has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February.
The theft marked one of the biggest-ever cyber heists.
“SWIFT is not, and cannot, be responsible for your decision to select, implement (and maintain) firewalls, nor the proper segregation of your internal networks,” the bank-owned cooperative said in a letter to users dated May 3 that advised them to review security protocols.
“As a SWIFT user you are responsible for the security of your own systems interfacing with the SWIFT network and your related environments,” the letter said. “We urge you to take all precautions.” Read more at: LINK
Mountainman: Forgive My SARCASM……But Lagarde Opened the DOOR…..So……Who Will RUN the COUNTRIES/GOVERNMENTS…..???…..LOL (see article below)
Yes The REIGNS of those Who RULE have Always been GUILTY of CORRUPTION and Shall I Say of Recent DAYS…..Receiving QUESTIONABLE FUNDS for Ones Foundations or Trusts……Yah Ok…..We Shall See……
The Question ALWAYS Comes Down toWill Those Who Have The AUTHORITY……E N F O R C E {IT}…..???…..If One Does so Then I’m {ALL} IN…..If NOT…..Then It is What it is and No ONE will TRUST Any ONE……That’s How It WORKS or Doesn’t WORK……IMO
Blessings,Mountainman (8)=New Beginnings…..for those With…….. I N T E G R I T Y
THOR: I think the saying goes “Absolute Power Corrupts Absolutely” – this may be true in the case.
PappaJ: IT IS AMAZING TO ME THAT WE ARE WATCHING ALL THE ARTICLES COME OUT ABOUT GLOBAL CORRUPTION BUT THERE ARE QUITE A NUMBER OF COUNTRIES THAT ARE NOT IN THE PUBLIC VIEW ,
WE JUST SAW THE PANAMANIAN PAPERS COME OUT AND WE SEE MANY FROM IRAQ , GREAT BRITAN BUT EVERYTHING HAS BEEN SQUASHED ABOUT AMERICAN INVOLVEMENT —–
HHHHUUUUMMMM COULD IT BE IT IS NOT OUR TURN YET ??????? TIMING IS EVERYTHING YA KNOW!!!!!
JUST WHO COULD BE ON THAT NAUGHTY LIST FROM INSIDE THE BELTWAY???? PJ
Thunderhawk: IMF: Global corruption costs trillions in bribes, lost growth
Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday.
In a new research paper, the IMF said that tackling corruption is critical for the achievement of macroeconomic stability, one of the institution’s core mandates.
The Fund argues that strategies to fight corruption require transparency, a clear legal framework, a credible threat of prosecution and a strong drive to deregulate economies.
“While the direct economic costs of corruption are well known, the indirect costs may be even more substantial and debilitating,” IMF Managing Director Christine Lagarde wrote in an essay accompanying the paper.
“Corruption also has a broader corrosive impact on society. It undermines trust in government and erodes the ethical standards of private citizens,” Lagarde added.
The paper, titled “Corruption: Costs and Mitigating Strategies,” follows Lagarde’s warning to Ukraine in February that the IMF would halt its $17.5-billion bailout for the strife-torn eastern European country unless it takes stronger action to fight corruption, including new governance reforms.
Lagarde is due to participate in a British government-sponsored anti-corruption summit in London on Thursday that will include U.S. Secretary of State John Kerry and other senior officials including the presidents of Nigeria and Afghanistan.
Extrapolating from 2005 World Bank research, the paper estimated that around 2 percent of global gross domestic product is now paid in bribes annually. But it said corruption’s indirect costs are substantially higher, reducing government revenues by encouraging tax evasion and reducing incentives to pay taxes, leaving less money available for public investments in infrastructure, health care and education.
While some argue that bribes are simply grease for the wheels of commerce, the IMF said that corruption often drives investment away from countries where it is rife and boosts lending costs.
Without naming any particular countries, the IMF said that dependence on non-renewable natural resources can often encourage corruption, as well as conflicts over control of them.
In helping its 189 member countries design and implement anti-corruption strategies, the Fund said it emphasizes the need for both appropriate incentives and deterrents.
The paper said stronger anti-corruption laws and prosecution capacity was needed, but also said that reduced regulations can limit bribe opportunities and provide companies more opportunity to grow without them.
“Wherever discretion is granted to an official regarding the approval of an economic activity, there is a risk that this discretion will be abused,” Lagarde wrote.
http://www.reuters.com/article/us-imf-corruption-idUSKCN0Y22B7
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Mountainman: REMEMBER Where the DOLLAR was Last Year at this TIME…….Now It’s Moving Slowly but Surely in the OPPOSITE Direction…..
It’s Difficult to TREAD in the WATERS of SHARK INFESTED Areas o UNCERTAINTY……ONE Thing is CERTAIN though…..As the LIFE BLOOD of the FIAT DOLLAR Spreads Open Wider=Goes Down in VALUE…..
The SHARKS of Opportunity=Who Can AFFORD to….Will take GREATER Advantage of the MARKETS in TURMOIL……IMO
Blessings,Mountainman (8)=New Beginnings…….for GREAT WHITE SHARKS……
Thunderhawk: Asian shares edge down, take cue from Wall Street
http://www.reuters.com/article/us-global-markets-idUSKCN0Y301Y
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BACKDOC: THE UNIVERSAL CURRENCY CONTINUES TO WORK ITS WAY UP THE LADDER! THE DOLLAR WILL EVENTUALLY MEET THE DAY OF RECKONING!
IT LOOKS LIKE THE END OF MAY IS SHAPING UP TO BE HISTORICAL! DOC IMO
Thunderhawk: U.S. Stocks Fall Amid Retailer Slump as Oil Climbs; Dollar Falls
http://www.bloomberg.com/news/articles/2016-05-10/asia-shares-set-to-extend-u-s-rally-as-copper-rises-kiwi-gains
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BACKDOC: FIRST OF ALL IF WE LOOK AT THE PICTURE WE SEE JACK, JACK, JACK, AND MS. YELLEN IN THE BACKGROUND ALMOST AS IF SHE IS IN THE BACK SEAT!
DO WE SEE ANYTHING IN THIS ARTICLE ABOUT THE FED? MMMM NO!
IT SURE APPEARS IT’S ALL ABOUT THE TREASURY NOW! THEY ARE THE REAL GAME IN TOWN.
THE REAL PURPOSE HERE IS TO COLLECT MORE REVENUE.
I TOLD YOU ALL COUNTRIES WILL NOW HAVE TO BALANCE BUDGETS TO THE REVENUES THEREFORE EVERY COUNTRY IS DOING REFORMS AND LOOKING FOR WAYS TO CUT FRAUD AND ABUSE, AS WELL AS INCREASING NEW FORMS OF TAXES!
AND SOON THE REAL PAINFUL PART WILL BE THE CUTS! FOLKS WHO HAVE HAD A GOOD LIFE LIVING ON THE GOVT. BEING ABLE BODIED WILL LIKELY SEE CHANGES.
WILL THERE BE DESTABILIZATION IN SOME PLACES WHERE FOLKS LOSE THE HANDOUTS OR ARE REDUCED DRAMATICALLY? MMMM DOC IMO
Mountainman: Yes Yes Yes……New Tax Laws Await and Even Some Currently On the BOOKS are Lacking A Deeper Reach into The POOLS of DEPTH……
For YEARS that’s How the ELITE have Hidden Behind the Curtains of REALITY…..{ALL} One Needs to Do is Watch (THE WIZARD of OZ)…..Right….???……
So as the New Reality Unfolds they are Trying to Make TAX EVASION More Difficult and MORE RISKY w/HEAVIER CONSEQUENCES for Those Who want to CHEAT the System……IMO
Blessings,Mountainman (8)=New Beginnings……for NEW TAX EVASION RULES
PappaJ: WELL MAYBE I SPOKE TOO SOON ABOUT US CORRUPTION NOT BEING DEALT WITH===== JACK BE NIMBLE JACK YOU WERN’T TOO QUICK BUT AS I SAID TIMING IS EVERYTHING!!!!!! DAMAGE CONTROL FOR YOUR BOSS I SEE AS YOU JUMP OVER THE CANDLESTICK —REMEMBER JACK IT WILL BURN YOU TOO!!!! PJ
Thunderhawk: Crooks, terrorists, tax evaders: Can new shell company rule stop them?
The U.S. Treasury Department wants to go after money launderers, tax evaders and terrorists by cracking open the shell companies they use to hide cash flows, but critics say a new agency effort to identify them could be easily evaded.
Treasury last week issued a new rule, effective in 2018, requiring financial institutions to obtain the identities of “beneficial owners” of their client companies and at least one senior manager. Financial firms will have to verify their identities through documents such as passports – but will not have to confirm their ownership stakes in the companies.
That could allow criminals to provide false information with little risk of getting caught, critics say.
“If a company has criminal intent, they are probably not going to file that their beneficial owner is ISIS,” said Anders Rodenberg, who oversees relationships with financial firms in North America at Bureau van Dijk, a beneficial-ownership data provider. Read more at:
http://www.reuters.com/article/us-panama-tax-usa-banks-idUSKCN0Y20O5
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BACKDOC: I THINK THE TIDE HAS FINALLY TURNED MORE NEGATIVE AS WE SEE RETAIL SPENDING FALLING OFF BIG NOW!
SELLING THE RALLIES ARE NOW BECOMING THE GAME!
IN OTHER WORDS TRADERS ARE SELLING SHORT THE RALLIES.
CHINA’S INFLATION IS FLATLINING BY MISSING FORECASTS AS WELL!
WELCOME TO DEFLATION! NOW DEBT BEGINS TO RISE! “PAIN PAIN” IT WILL RAIN! DOC IMO
Mountainman: Are We SEEING the PINK SLIP……for the DOLLAR YET……???……
Not YET IMO…….However,It’s A MAJOR THEME in the Articles and Sometimes it Seems Redundant to Some……But the MAIN POINT is this {REALITY}, Which is The Point We Need to P O I N T To…….
We are In THE TIME or PRECURSOR to an APPOINTED TIME of Serious [TRANSITION]…..and an APB is Out Everywhere=an (ALL) POINTS BULLETIN….
The WINDS Of Say WHAT is About to Change to…..SAY….”NOW”…..Ouch….IMO
Blessings,Mountainman (8)=New Beginnings……for the FLASHING FASTEN YOUR SEAT BELTS …….SIGN
Thunderhawk: Dollar Dips From Two-Week High, Stocks in the Red
“The growth outlook remains tepid at best and visibility is poor. Sentiment is now very fragile with the instinctive reflexive ‘buy on dips’ that has served investors well is now being supplanted by ‘sell the rally’,” said Mike Ingram, market strategist at BGC Partners in London.
“And that is precisely what we are seeing today.” Read more at:
http://www.nbcnews.com/business/markets/dollar-dips-two-week-high-stocks-red-n571886
BACKDOC: THIS IS VERY INTERESTING TO ME!
WHEN I SAW THAT THE FIRST DIGITAL BANKING SERVICE STARTED IN VIETNAM I WANTED TO SAY WE HAVE A RATE THERE BUT ON FURTHER CONTEMPLATION I BELIEVE THE RATE IS STILL THE SAME UNTIL ALL COUNTRIES MAKE THE SWITCH!
IT HAS TO GIVE YOU CHILLS OF EXCITEMENT IF YOU CAN STILL FOG A MIRROR! BAAA HAAA
SERIOUSLY! SLAP! THAT FLAT GETS ME EXCITED BECAUSE WE HAVE TO BE VERY CLOSE TO WHEN RATES WILL CHANGE VALUE!
HELLO DIGITAL GOOD BYE FIAT! WELCOME TO THE NEW REALITY!
LET’S GET DIGITAL, DIGITAL,…..DOC IMO
Mountainman: As NEW VALUES Approach their Spot on the GLOBAL STAGE…..D I G I T A L will SPELL ASSET BACKED REALITY for Countries….
.
Vietnam and {ALL} Other Countries are DESTINED for this GLOBAL BANKING Change…..It’s A GOOD Sign for What We Wait to See as Well……IMO
Blessings,Mountainman (8)=New Beginnings……for…….. D I G I T A L
Thunderhawk: Vietnam: First digital bank service opens
Timo, the first digital bank service in Vietnam, was officially launched late last week in Ho Chi Minh City.
Developed by the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) and Global Online Financial Solution, Timo is the first bank service in the country without branches or traditional transaction offices.
All services, including ATM cards, opening of saving accounts and payment to accounts, will be done online though mobile banking applications on smartphones or at the website http://my.timo.vn.
Money sent to Timo will be kept at VPBank to ensure security, the bank said.
All activities, including transfer of money, opening and closing accounts and account statements, are provided free.
VPBank said the company would first develop the service in Ho Chi Minh City and later open in Hanoi in October
http://english.vov.vn/economy/first-digital-bank-service-opens-319446.vov
