INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

**Carol** Wed Feb 17, 2016 5:07 pm

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Post n°351

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Feb 17, 2016 5:07 pm

WANTED BY U.S.: THE STOLEN MILLIONS OF DESPOTS AND CROOKED ELITES

It’s hard to imagine a public official with more toys than Teodoro Nguema Obiang Mangue, who spent $300 million on Ferraris, a Gulfstream jet, a California mansion and even Michael Jackson’s “Thriller” jacket. The buying spree is all the more remarkable since this scion of the ruling family of Equatorial Guinea, one of Africa’s smallest countries, bought all this while on an official salary of $100,000 a year.

More: http://www.nytimes.com/2016/02/17/business/wanted-by-the-us-the-stolen-millions-of-despots-and-crooked-elites.html?ref=topics&_r=1

Last edited by Carol on Wed Feb 17, 2016 5:13 pm; edited 1 time in total

_________________
What is life?
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With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Wed Feb 17, 2016 5:12 pm

Carol

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Post n°352

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Feb 17, 2016 5:12 pm

https://www.youtube.com/watch?v=T_AkcFEraF0
Jim Willie No Prisoners in The Global Money War

Interesting Outside Opinion Post:

"People have failed to see that the Federal Reserve System is a Ponzi scheme, and as such eventually had to reach its limit. Since it is a subtle means of transferring wealth, then by charging 9% of every dollar for seigniorage, even in all those trillions upon trillions of digital dollars, then the more you print the more you are indebted to the criminal cartel of bankers who print the money. When the world’s wealth can no longer pay even the interest on such massive debt, then the whole world’s economy will collapse.

That point has been reached. Don’t you see? NOBODY is buying anymore US securities and US bonds. Therefore, nobody is buying more US debt, so the FED is an official counter-fitter of money by Q1, Q2, and Q3. It means they are just printing money with no value anymore. It is only devaluing the money in existence and it is trying to bring all the currencies down with it.

US federal debt has gone over 18 trillion dollars, but add municipal, states debt, cities debt, commercial industrial, mortgage debt, credit card debt and you have another 175 trillion dollars. To that you must add another 70 trillion dollars of promises in Medicare and Medicaid, and Social Security. That is about 500% GDP, but that is pale in comparison to Derivatives debt which surpasses 500 trillion dollars. Better buy as much as you can of gold and silver because the whole game is about to be over. Any-day now! The USA is broke folks, anyway you slice. TOTAL DEVASTATION OF THE WORLD!"

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Wed Feb 17, 2016 5:27 pm

Carol

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Post n°353

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Feb 17, 2016 5:27 pm

3 Signs the Economic Crash Will Hit Us in 2016
Never before in the history of the United States have so many top authorities agreed on one thing: the end of the US Dollar is almost here, and a global economic crisis will start in 2016.

This is very, very clear.

“Cash is trash.” – Robert Kiyosaki

“Dollar is going down.” – Donald Trump

“A U.S. financial crisis—greater than the crisis of 2008—is fast approaching… and this crisis will be very different from the last one.” – Ron Paul

“The Dollar As We Know It Will Be Gone Within 6 Years.” – Mike Maloney

“The American people have no idea they are paying the bill.” – G. Edward Griffin

And if you hold your wealth in banks, personal real estate or stocks, you need to stop what you are doing. Listen to what I am going to say, and pay very close attention, or when the economic crisis hits, you will be the one footing the bill, losing a majority of your savings, and working many years after you had planned to.

You see, in an extremely rare culmination of events, 3 key indicators all point at one conclusion: there will be a crash in 2016. And if it’s as big as some of these folks say it’s going to be, the US government will be coming after all of your civil liberties: your livelihood, your guns, and possibly your very freedom. The government will come after your livelihood to pay their debts, your guns so you can’t protect yourself, and your liberty if you object to the first two.

And I know, it seems too crazy to be true, but as you will see in just a minute, that is also part of their plan. I founded my company in 2010, when it became abundantly clear to me that the reason the economy got smashed in 2008, was going to happen again – and this next time was going to be ten times worse. But luckily for some of us, there is a way out. If, and only if you take the necessary steps now to avoid what they have in store for you.

So who is “they”? Sounds dubious, doesn’t it? Well, it’s not. “They” are the big bankers and corrupt politicians that continue to steal from the hard working population in order to line their own pockets and bail out their buddies, while the middle class and little guys suffer. They are the IMF. They are the Federal Reserve. They are Wall Street. They are Politicians. And according to many credible sources, they will be the ones that walk away from the next big crash unscathed, while folks like us suffer.

How Do You Know What’s Coming?

There are three things that need to be revealed to you, in plain and simple terms:

How the 2016 economic crisis, will go down, according to many authorities, who have been correct on the matter a number of times;

What traps the government have already put in place to take what’s left of your civil liberties, including confiscation of the majority of your wealth; and

How you can take simple and inexpensive steps to protect your wealth by getting it beyond the desperate clutches of a broke government.

But first, I want to reveal the 3 major economic indicators that our economy is past due for collapse:

The 7 Year Economic Crash Cycle has expired;

The Presidential Hand Off is about to take place; and

We’ve Reached a Critical Mass of Printing Money.

There is a theory called the “7 Year Cycle” which pretty accurately predicts that every 7 years or so, the stock market crashes. This trend started in 1966, with a serious credit crunch and liquidity crisis. 7 Years later, in 1973 marked the oil embargo crisis, and oil prices skyrocketed. In 1980, banks and brokerage houses nearly avoided a collapse by a last minute change to margin calls on shorting commodities. Interest rates topped at 22%.

And in 1987, the Dow lost 22% in one day. Seven years later, in 1994, the bond market crashed. And in 2001 (7 more years), Wall Street was hit hard after the attacks of 9/11. You remember what happened in 2008.

So why didn’t we see a crash in 2015? We should of, and I will tell you why we haven’t yet in just a minute. But just so you know, this “7 year cycle” crash could hit any day. The storm that is brewing is heightened by the fact that 2016 is an election year, so the “blame” can be pawned off on the candidate who’s time is finished (Obama) while the “New Hope” for our nation is being revealed.

And who will that be? The two front runners for the Democratic party are equally terrifying. Hillary because she is majorly in the big banks’ pockets, and Bernie because he is a self-proclaimed socialist. And the votes are already bought and paid for. Because there are so many people relying on the government for support, or to get their illegal family members into the country legally, that the nation has become Socialist and the Democratic Candidate is very likely to win.

And do you know what that will do to the stock market? Hint: its bad! Or the price of gold? Hint: It’s good if you know where to buy and hold your gold, which 87% of people do not.

More: http://beforeitsnews.com/survival/2016/02/3-signs-the-economic-crash-will-hit-us-in-2016-2607348.html

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Wed Feb 17, 2016 5:35 pm

Carol

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Post n°354

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Feb 17, 2016 5:35 pm

Bix Weir – The Bubble is Too Big… Key Your Eye on Deutsche Bank
Bix Weir believes that the Good Guys have been trying to take the system down and pretty soon they’ll be successful. Many dismiss Bix’s theories, but the way things look now, he might just be right. Bix says no more bailouts for the banks and that means disaster could be lurking around the corner. He sees the recent statements about eliminating the 500 Euro Note and the 100 Dollar Note as confirmation that things can’t go on much longer. Bix says to watch out for Deutsche Bank and Royal Bank of Scotland. But is he right?

http://www.blogtalkradio.com/financialsurvivalnetwork/2016/02/16/bix-weir-the-bubble-is-too-big-key-your-eye-on-deutsche-bank-2976.mp3

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Wed Feb 17, 2016 5:37 pm

Carol

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Post n°355

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Feb 17, 2016 5:37 pm

Iraq says it is open to oil output freeze, but Iran rejects effort
https://www.washingtonpost.com/business/economy/iran-rejects-effort-to-freeze-oil-output/2016/02/17/214079e8-d589-11e5-9823-02b905009f99_story.html

Russia and Saudi Arabia proposed freeze to address a glut of crude that’s driven down prices

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Wed Feb 17, 2016 10:33 pm

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Post n°356

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Feb 17, 2016 10:33 pm

Sovereign Man—The War Against Cash
February 17, 2016
Santiago, Chile

This is starting to become very concerning.

The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam.

On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.

Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about getting rid of the $100 bill.

Prominent economists and banks have joined the refrain and called for an end to cash in recent months.

The reasoning is almost always the same: cash is something that only criminals, terrorists, and tax cheats use.

In his op-ed, Summers refers to a new Harvard research paper entitled: “Making it Harder for the Bad Guys: The Case for Eliminating High Denomination Notes”.

That title pretty much sums up the conventional thinking. And the paper goes on to propose abolishing, among others, 500 euro and $100 bills.

The authors claim that “without being able to use high denomination notes, those engaged in illicit activities – the ‘bad guys’ of our title – would face higher costs and greater risks of detection. Eliminating high denomination notes would disrupt their ‘business models’.”

Personally I find this comical.

I can just imagine a bunch of bureaucrats and policy wonks sitting in a room pretending to know anything about criminal activity.

It’s total nonsense. As long as there has been human civilization there has been crime. Crime pre-dates cash. And it will exist long after they attempt to ban it.

Perhaps even more hilarious is that many of these bankrupt governments have become so desperate for economic growth that they now count illegal drug activity and prostitution in their GDP calculations, both of which are typically transacted in cash.

So, ironically, by banning cash these governments will end up reducing their own GDP figures.

What’s really behind this? Why is there such a big movement to ban something that is used for felonious purposes by just a fraction of a percent of the population?

Cash, it turns out, is the Achilles’ Heel of the financial system.

Central banks around the world have kept interest rates at near-zero levels for nearly eight years now.

And despite having created massive bubbles and enabled extraordinary amounts of debt, their policies aren’t working.

Especially in Europe, the hope of stoking economic growth (and even the sickening goal of inflation) has failed.

So naturally, since what they’ve been trying hasn’t worked, their response is to continue trying the same thing… and more of it.

Interest rates across the European continent are now negative.

Japanese interest rates are now negative.

And even in the United States, the Federal Reserve has acknowledged that negative interest rates are being considered.

They have no other choice; raising rates will bankrupt the governments they support and derail any fledgling economic growth.

Look at how low interest rates are in the US-- and yet 4th quarter GDP practically ground to a halt. They simply cannot afford to raise rates.

As global economic weakness continues to play out, central banks will have no other option but to take interest rates even further into negative territory.

That said, negative interest rates will be the destruction of the financial system.

Because sooner or later, if banks have to pay negative wholesale interest rates to each other and to the central bank, then eventually they’ll have to pass those negative rates on to their customers.

Many banks have already started doing this, especially on larger depositors.

We’ve seen this in Europe where some banks charge their customers negative interest to save money, and in some extraordinary circumstances, pay other customers to borrow money.

It’s total madness.

There’s a certain point, however, when interest rates become so negative that no rational person would hold money in the banking system.

Eventually people will realize that they’re better off withdrawing their money and holding physical cash.

Sure, cash doesn’t pay any interest. But it doesn’t cost any either.

If you have a $200,000 in your savings account at negative 1%, you’d have to pay the bank $2,000 each year.

Clearly it would make more sense to buy a safe and hold most of that money in cash.

Problem is, the banks don’t have the money.

For starters, there’s literally not enough cash in the entire financial system to pay out more than a fraction of all bank deposits.

More importantly, banks (especially in the US and Europe) are extremely illiquid.

They invest the vast majority of your deposit in illiquid loans or securities of dubious long-term value, whatever the latest stupid investment fad happens to be.

And many banks have been engaging in a substantial balance sheet shift, rotating bonds from what’s called “Available for Sale” to “Hold to Maturity”.

This is an accounting trick used to hide losses in their bond portfolios. But it also means they have less liquidity available to support bank customer withdrawal requests.

The natural side effect of negative interest rates is pushing people to hold money outside of the banking system.

Yet it’s clear that a surge of withdrawal requests would bring down that system.

Banks don’t want that to happen. Governments don’t want that to happen.

But since central banks have no other choice than to continue imposing negative interest rates, the only logical option is to ban cash and force consumers to hold their money within the banking system.

Make no mistake, this is absolutely a form of capital controls. And it’s coming soon to a banking system near you.

Until tomorrow,
Description: https://d1yoaun8syyxxt.cloudfront.net/iman-eemlsfgeykvdtptlusjvkrvuyrdpoazh-v2
Simon Black
Founder, SovereignMan.com

PS. Clearly a trend with this much momentum requires some deliberate and measured action if you don’t want your savings trapped.

We’ll discuss this in our upcoming webinar.

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 11:05 am

Carol

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Post n°357

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 11:05 am

https://www.youtube.com/watch?v=w7eCQ253hJk&feature=youtu.be
Ben Fulford / Mike Harris Feb 9 2016 : Victory is Near!
Published on Feb 10, 2016

Mike Harris interviewed Ben Fulford on Feb. 9th for his Short End of the Stick radio show.
See ALSO : http://tinyurl.com/FulfordVictory
This was a fascinating discussion, and mostly a positive one. Ben Fulford thinks the days of the cabal's power reign are almost over. 2016 looks to be a very important year.

MH: "Everytime I interview you, someone puts it up on Youtube. We get a quarter of a million views, and then it disappears."
BF: "Let's make sure it doesn't disappear this time." (this comes at the end of the podcast)
To keep the discussion going no matter what, the good people at GEI have started a thread.
Here's the link: http://www.greenenergyinvestors.com/i...
Go visit it, to read a good summary, and discuss it.
========
Mike Harris (on VT) : http://www.veteranstoday.com/category...
Ben Fulford's website : http://www.BenjaminFulford.net

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 11:22 am

Carol

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Post n°358

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 11:22 am

The rise in oil prices after Iran's agreement to freeze production
http://translate.google.com/translate?depth=2&hl=en&sl=ar&tl=en&u=http://www.almesalah.com/index.php%3Fpage%3Darticle%26id%3D69842

WHY YOU SHOULDN’T SHORT THE RENMINBI
http://philosophyofmetrics.com/why-you-shouldnt-short-the-renminbi/
The MAP Account Balance Strategies of the FSB, IMF, and BIS

By JC Collins
SNIP
In 2010 U.S. Treasury Secretary Timothy Geithner proposed the establishment of symmetric limitations on current account balances of +/- four percent of GDP. The recommendation was put forward at the G20 Summit in Seoul, South Korea as a part of the Macroeconomic Policy Coordination (commonly referred to as MAP), a peer reviewed based mechanism meant to promote and support macroeconomic policies amongst the G20 nations.

The proposal was rejected by both Germany and China to ensure that no numerical benchmark or limitations were set on account balances. This rejection extended to the Cannes summit in 2011 as a response to concerns over the independence of the MAP process from the monetary policies of the Federal Reserve and the EU.

After a five year delay by the American Congress, the 2010 Reforms have finally been implemented and the renminbi will be included in the new SDR weighting which will become effective this October. Both of these events bode extremely well for further enhancements and reforms to the international monetary framework.

...These imbalances have developed as the active component of the Triffin Paradox which was defined as the response to the Bretton Woods Agreement of 1944 and its use of the domestic US dollar as the international reserve asset. The imbalances grew at a steady pace for decades and saw America transition from having the world’s largest trade surplus after World War Two to now having the world’s largest trade deficit. It is this factor alone which has contributed to the loss of American jobs and factories to the emerging economies such as China.

With the start-ups of the AIIB and BRICS Development Bank, along with the New Silk Road Fund and the effective date of October for the new renminbi-included SDR, 2016 will be a monumental year for China. Anyone considering shorting the Chinese currency should consider the larger macroeconomic trends and requirements which have been mandated by the international institutions. Balancing the monetary system is the number one goal of developed nations and emerging nations. Based on this both China and America are working towards the common goal of appreciating and depreciating their currencies. – JC

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 11:24 am

Carol

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Post n°359

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 11:24 am

FEBRUARY 17, 2016 AT 9:16 AM
New FED Minneapolis director gave an interesting speech at the Brookings Institute in which he proposed the following policies:

1. Breaking up large banks into smaller, less connected, less important entities.
2. Turning large banks into public utilities by forcing them to hold so much capital that they virtually can’t fail (with regulation akin to that of a nuclear power plant).
3. Taxing leverage throughout the financial system to reduce systemic risks wherever they lie.

Especially the wording of the second point is interesting and perhaps even revealing of further consolidation tactics.

Here’s the link:
https://www.minneapolisfed.org/news-and-events/presidents-speeches/lessons-from-the-crisis-ending-too-big-to-fail

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 12:07 pm

Carol

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Post n°360

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 12:07 pm

An Open Letter To The U.S. Congress Regarding Justice Antonin Scalia
Posted on February 18, 2016 by David Robinson
Antonin-Scalia-Dies-at-79.

Dear Members of Congress,

The death of Supreme Court Justice Antonin Scalia has shaken the country to its core.

Many are still waking up to the grim realities which surround both the circumstances and scene of his death.

The immediate reaction by many Americans across the entire political spectrum is that something is very wrong with this whole situation.

Regardless of political sensibilities, Justice Scalia was recognized by most as a bulwark that protected the U.S. Constitution like no other. He was both a stalwart sentinel and stentorian who defended the spirit and the letter of the Founding Documents of these United States of America.

He was the only sitting SCOTUS jurist who always sided with the Constitution. That’s not to say he did not make some judicial errors from time to time. However, SCOTUS insiders knew full well that those calculated errors were deliberately made to protect the nation and American society.

You see, Justice Scalia was extremely aware of the threats that President Obama and his Administration posed to the country. He witnessed, like all of us, the irreparable tearing of the social fabric which has occurred on Obama’s watch. As a staunch conservative and traditional man of Italian-American ancestry, he profoundly understood the necessity of the rule of law.

Where are we going with this?
There is no question that the Obama Administration represents the most lawless presidency in U.S. history. On every front, it has sown seeds of social chaos and political pandemonium. Justice Scalia saw this clearly. And he used the high bench to militate against the destruction of the American Republic.

He was not shy about expressing his misgivings with Obama et al. and the way the Administration flouted federal law and trampled on state statutes. He was deeply pained by the encroaching anarchy caused by so many unlawful Executive Orders. He knew that the very existence of the United State was in great jeopardy. And he felt compelled to prevent the nation’s imminent destruction.

Clearly, Justice Antonin Scalia was the single biggest threat to Obama and his legacy. He was the very quintessence of opposition to everything Obama championed. He was also well known to be public enemy #1 the more he took his SCOTUS platform to the people, as he often did. He knew deep down inside that the American people must be educated … must be enlightened … about the ongoing devastation of their country which was once defined by a rule of laws, not of tyrants.

Herein lies the crux of this humble plea from the people. Justice Scalia’s untimely and mysterious death MUST be investigated by a completely independent, apolitical organization that is trusted by the American people.

Members of Congress, this humble plea WILL be honored to the fullest extent possible. Should this request be ignored or mishandled, it will quickly morph into a movement. This movement is already growing by the day, mind you.

Let us be clear from the outset regarding the absolute necessity of determining the true cause of the death of Justice Scalia. If he was in fact murdered, as many Americans now suspect, this situation will not be allowed to go the way of JFK.

Not only that, but if the Congress fails to fully investigate this exceedingly suspicious death and official response from the U.S. Federal Government, then there will be HELL to pay.

No, we’re not gonna take anymore. In the words of Howard Beale of NETWORK fame: We’re mad as hell and we’re not going to take this anymore.

Hopefully you just got the message, because if you didn’t the following may just happen.

“When 5 million Oathkeepers and armed militia surround the Capitol Building one day and force out the entire Congress, the place will change in a New York minute. When the American people install a provisional government, the White House will finally be taken back from those who misappropriated it.”

(Source: The United States of America Was Born in the Year of the Fire Monkey)

Lastly, may we say that Antonin Scalia was an eminently noble human being. He was a kind soul who lived his life with great passion and joie de vivre. He was deeply loved by his family and many friends. He was also a true friend of the American people. Therefore, if he was killed, whoever was responsible will be found and prosecuted to the fullest extent of the law. That’s both a promise and a threat. As Justice Scalia would say: Capiche?!
Very sincerely,
Concerned Citizens of the USA

http://mainerepublicemailalert.com/2016/02/18/an-open-letter-to-the-u-s-congress-regarding-justice-antonin-scalia/

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 12:17 pm

Carol

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Post n°361

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 12:17 pm

VIETNAMESE DONG APPRECIATION & EAST ASIAN EXCHANGE RATES
http://philosophyofmetrics.com/vietnamese-dong-appreciation-east-asian-exchange-rates-freepom/

the above article is free and therefore not posted in its entirety here.

WHY THE VIETNAMESE DONG WILL RESET
http://philosophyofmetrics.com/why-the-vietnamese-dong-will-reset/

SNIP
Economic Potential and Modernization

By JC Collins
Vietnam has achieved a truly remarkable thing. While being a dumping ground for U.S. dollar inflation and having its own currency consistently devalued, Vietnam has managed to produce one of the fastest economic expansions and modernizations in the history of the world. It’s a model of modernization built upon the experience and lessons of China, Korea, and other Asian countries which developed before it.

The modernization of Europe and the Americas took centuries. The modernization of China was achieved in approximately 50 years. Compare that to the astonishing modernization which only began in Vietnam in the mid 1990’s. In less than 20 years, the country has turned from a destitute population on the verge of starvation to an expanding middle class that is considered by all economic indicators to be the fastest such expansion in the world.

In true Confucian fashion, Vietnam utilized the tactics of economic warfare deployed against it as a tool of economic development. The exchange rate of the dong was devalued on a continually basis to encourage use of the U.S. dollar within the country. This ensured another market for the dollars inflation to be sent to avoid a hyper-inflation situation back home.

In addition, the Vietnamese understood the economic potential of their resources and trade capability. The strategy was one of patience and long term gain for short term detriment.

....Today, Vietnam is one of the fastest growing economies in the world. It has the fastest growing middle class and its GDP to debt ratio has been maintained within the 30% to 35% range for years. Its oil and gas fields are being developed, it’s the second largest exporter of rice in the world, Samsung is moving its factories into the country, Starbucks is opening locations, and in fact McDonald’s just opened their first location in the country just last weekend.

The list of economic milestones for Vietnam is growing by the day. The amount of U.S. dollars held in the country’s foreign reserves has been decreasing for the past few years and the import of gold is staggering. As we presented previously, the Shanghai Gold Exchange through agreements with China will increase the gold holdings in many Asian countries by way of gold vault storage and trade agreements. The Vietnamese government itself is making known its intent to monetize all the private gold in the country to support the value of the dong.

The hard working Vietnamese people will require a strong and stable currency to ensure reliable labor energy wealth storage. It’s only a matter of time now before the I.M.F. 2010 Code of Reforms are passed through the U.S. Congress and the Executive Board of the I.M.F. is restructured to reflect the economic reality of the world today. When this happens the dollar will lose its reserve currency status and the dong will be released from it peg. When this happens I would suspect that the value of the dong, not officially recognized today as it has been stretched like elastics, due to the economic growth and develop, and will snap back to its true economic value, which is reflected in those very same growth and development indicators.

What will the rate be? Based on the upcoming SDR composition and allocation system of the International Monetary Fund, who can say with any measure of reliability, there are too many factors which need to be considered and weighed against others factors.

Also see:

SDR Supplemental: VND or VNN? IQD or IQN?

The New Exchange Rate System – Posted Feb 19, 2014.

The American Dollar is Dumping Vietnam – Posted May 16, 2014.

Vietnam Seeks Dong Stability as Dollar Nears Collapse – Posted July 1, 2014.

A Global Currency Reset – Posted May 28, 2014.

Last edited by Carol on Thu Feb 18, 2016 1:36 pm; edited 1 time in total

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 12:18 pm

Carol

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Post n°362

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 12:18 pm

"China is a participating nation in the ITER fusion project in France, which, if you've been following the story, is years behind schedule, as the article notes. The Chinese, are fed up, and have struck out on their own. And readers here will recall, they want to build their own version of CERN, even bigger and better.

Stories like this do raise questions, and they also clarify perhaps why the Rockefeller foundations have divested themselves of petroleum investments(or so we were told last year).

One does not need to say anything more here about this development, so I won't, save, that this is definitely one to watch."

http://gizadeathstar.com/2016/02/chinas-fusion-breakthrough/

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With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 12:46 pm

Carol

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Post n°363

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 12:46 pm

Stock markets rally as Mario Draghi hints further stimulus on way
Markets rise sharply in belief ECB president will move towards negative interest rates and further QE to ease deflation fears

Mario Draghi, president of the European Central Bank, has helped calm jittery financial markets by saying he would not hesitate to take fresh action to boost eurozone growth and inflation.

Stock markets across Europe, which were already rallying after a turbulent start to 2016, ended the day sharply higher in the belief Draghi would deliver on his pledge at the ECB meeting next month.

Financial markets believe Draghi will respond to fears of deflation and volatile share prices by pushing interest rates into negative territory and expanding the ECB’s quantitative easing programme.

Analysis Draghi has financial markets hoping bad news is really good news
Weak economic figures from Japan and China overlooked as European Central Bank chief hints at further stimulus activity

Draghi dropped the broadest of hints in testimony to the European parliament that further stimulus was imminent. “The ECB is ready to do its part,” he said, adding that the bank was looking at the low level of inflation and whether enough money was getting through from the banks to the eurozone economy.

“If either of these two factors entail downward risks to price stability, we will not hesitate to act,” Draghi said.

He was speaking after the Chinese stock market opened for the first time in five days, during which global financial markets were rocked by fears of a rerun of the 2008 banking crisis. It held steady, helped by a 7% increased in Japan’s Nikkei 225, which posted its second-biggest one-day gain in three years.

The rally in Japan was prompted by weaker than expected growth figures, which led to speculation that the Bank of Japan would also step in to shore up the economy.

More: http://www.theguardian.com/business/2016/feb/15/stock-markets-rally-mario-draghi-qe-stimulus-negative-rates

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What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 12:48 pm

Carol

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Post n°364

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 12:48 pm

UK banks vulnerable to global shock, economist warns
Sir John Vickers says UK banks are still at risk, with Beijing prepared to spend billions propping up Shanghai market as fears grow of new crash

Britain’s banks are vulnerable to a global financial shock despite efforts to shore up their finances, according to the official who led the inquiry into the safety of UK banks following the 2008 crash.

Sir John Vickers, who led the Independent Commission on Banking, said: “The Bank of England proposal is less strong than what the ICB recommended.”

Vickers, a former Bank of England chief economist, said Threadneedle Street had watered down the proposals put forward by the ICB, leaving it without the necessary financial buffers to continue operating when avenues to fresh funds dried up.

Analysis Seven-and-a-half years on, this is a distressingly fragile recovery
The year has started with six weeks of turmoil in the stock markets – and, just like in 2008, the banks are back in the spotlight
Read more
The warning came as China’s financial authorities were poised to spend billions of pounds propping up the Shanghai stock market after a week in which fears of a 2008-style banking crash resurfaced.

The Shanghai exchange, which will reopen on Monday following a long shutdown for Chinese New Year, will come under pressure from nervous traders amid concerns that a steep fall in stock market values this year is a harbinger of a broader global economic slump.

Investors fear that low inflation and the waning power of central banks to generate growth could push the eurozone back into recession and damage several of Europe’s biggest banks.

In what appeared to be a coordinated move ahead of the Chinese market’s reopening, the chief of China’s central bank, Zhou Xiaochuan, played down concerns over the state of the country’s finances, which he said remained robust and plentiful enough to withstand economic shocks.

A senior official at the European Central Bank also issued a statement reassuring investors that Greek banks were secure from the turmoil following their rescue by the ECB last summer.

Political unrest in Greece and the possibility of a re-run of last year’s eurozone crisis, when Athens was almost pushed out of the euro, have played a role in destabilising stock and bond markets.

Falling oil prices and persistently low inflation have also signalled that the global recovery is petering out. Central banks have responded by cutting interest rates to spur bank lending and growth. Some, including the Swedish and Japanese central banks, have brought in negative interest rates, in effect charging commercial banks to deposit money with them in a desperate attempt to make them lend it to businesses and households.

Read more: http://www.theguardian.com/business/2016/feb/14/uk-banks-vulnerable-to-global-shock-economist-warns

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It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 12:51 pm

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Post n°365

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 12:51 pm

Crime, terrorism and tax evasion: why banks are waging war on cash
I can remember the moment I realised the era of cash could soon be over.

It was Australia Day on Bondi Beach in 2014. In a busy liquor store, a man wearing only swimming shorts, carrying only a mobile phone and a plastic card, was delaying other people’s transactions while he moved 50 Australian dollars into his current account on his phone so that he could buy beer. The 30-odd youngsters in the queue behind him barely murmured; they’d all been in the same predicament. I doubt there was a banknote or coin between them.

The possibility of a cashless society has come at us with a rush: contactless payment is so new that the little ping the machine makes can still feel magical. But in some shops, especially those that cater for the young, a customer reaching for a banknote already produces an automatic frown.

Among central bankers, that frown has become a scowl. There is a “war on cash” in the offing – but it has nothing to do with boosting our ease of payment or saving trees.

Consider the central banks’ anti-crisis measures so far. The first was to slash interest rates close to zero. Then, since you can’t slash them below zero, the banks turned to printing money to stimulate demand. But with global growth depressed, and a massive overhanging debt, quantitative easing (QE) is running out of steam.

Enter the era of negative interest rates: thanks to the effect of QE, tens of billions held in government bonds already yield interest rates that are effectively below zero. Now, central banks such as Japan and Sweden have begun to impose negative official interest rates.

The effect, for banks or long-term savers, is that by putting your money in a safe place – such as the central bank or a government bond – you automatically lose some of it.

Not surprisingly, these measures have led to the growing popularity of cash for people with any substantial savings. Bank of England research shows demand for cash has grown faster than GDP in many countries. So the central banks face a further challenge: how to impose negative interest rates on cash itself.

Read more: http://www.theguardian.com/commentisfree/2016/feb/15/crime-terrorism-and-tax-evasion-why-banks-are-waging-war-on-cash

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What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 1:05 pm

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Post n°366

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 1:05 pm

There will be another crisis. It’s just a question of when
All eyes are trained on the meeting of G20 finance ministers and central bank governors in Shanghai later this month
By Ben Wright9:05PM GMT 16 Feb 20

Financial bubbles are inevitable and their pathologies virtually identical. The only variable is timing. This is why financial crises appear so obvious in hindsight yet remain frustratingly difficult to predict.

A few years ago, the hedge fund Winton Capital produced a handsome and richly-illustrated book called The Pit and the Pendulum, chronicling many, but by no means all, of the financial crises throughout history.

Winton makes its money by using sophisticated mathematical models to detect when assets are mispriced. It shouldn’t work, according to the efficient market hypothesis, which posits that current prices fully and accurately reflect all available information.
But David Harding, the founder and chief executive of Winton Capital, thinks the hypothesis is bunkum. He recently told a conference that if markets are efficient, he must be either “a lucky monkey or a fraudster”, adding that “neither of those characterisations appeals”.

Markets are human constructs and therefore prey to every human foible
Markets are, Harding argues, human constructs. As such, they are prey to every human foible. His comprehensive chronicle of speculative mania and panics was meant to hammer home the point.

The book includes well-known bubbles, such as the tulip mania that gripped 17th century Holland, and the boom in US subprime lending which resulted in the 2008 financial crisis. Along the way, it ventures from the wilds of Qajar Persia to the bazaars of Constantinople, and highlights little-known bubbles such as the Japanese rabbit mania of 1873, during which fluffy bunnies imported from Europe could fetch up to ¥600, at a time when the average monthly salary was about ¥0.6. (Apparently those with yellow ears were particularly highly prized.)

The same thing happened with diving patents in the 17th century (which were supposedly going to be used to salvage sunken Spanish gold in the Caribbean); Brazilian rubber in the 18th century; and Spanish merino sheep, mulberry trees and British railway securities in the 19th century. And so on and so on: history stuck on repeat.

Such financial crises tend to occur every two to three years on average, according to Danske Bank, which helpfully points out that the last one, the European sovereign debt crisis, ended more than three years ago.

The pattern is always the same. Cheap money floods the financial system. In 19th century Japan it was compensation payments made to Samurai who had been disbanded in the wake of the Meiji Revolution. Since 2008 it has the been the 637 individual interest rate cuts perpetrated by global central banks and their combined purchase of more than $12 trillion in assets, according to Bank of America Merrill Lynch.

That money flows into the less risky assets and pushes their yield (which moves inversely to price) down. Investors get greedy and start searching for higher yields among riskier assets. They also start borrowing money at low rates of interest to make these investments. This drags in the banks. Leverage builds up. Bubbles start to inflate.

More: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12159982/There-will-be-another-crisis.-Its-just-a-question-of-when.html

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What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 1:08 pm

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Post n°367

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 1:08 pm

Markets | Thu Feb 18, 2016
Wall Street dips as oil retreats, Wal-Mart weighs

Wall Street was lower on Thursday, snapping a three-day rally, after a slump in Wal-Mart weighed on retail stocks and oil prices retreated.

Seven of the 10 major S&P sectors were lower, led by a 0.7 percent drop in the financial sector .SPSY, which led the recent rally.

Crude oil prices, whose performance have often dictated stock movements, dropped from session highs after a report showed U.S. crude stocks rose last week. [O/R]

Wal-Mart (WMT.N) slumped 4 percent to $63.46 after the retailer reported a lower quarterly profit and gave a lackluster sales outlook. The stock was the biggest drag on the Dow.

Limiting the losses was IBM (IBM.N), which rose 5.4 percent to $132.91 after Morgan Stanley upgraded the stock to "overweight" saying the transformation to a cloud-focused business was not priced in.

The three-day rally, led by beaten-down sectors such as financials, materials and energy, boosted the benchmark S&P 500 5.3 percent. But such has been the rout since the start of the year that the index is still down nearly 6 percent in 2016.

"I think today, at least up until this point, is somewhat of a day of pause after a quite strong three-day rally due to mostly short covering," said Ryan Larson, head of U.S. equity trading at RBC Global Asset Management in Chicago.

At 12:37 p.m. ET (1737 GMT), the Dow Jones industrial average .DJI was down 8.18 points, or 0.05 percent, at 16,445.65.

The S&P 500 .SPX was down 2.9 points, or 0.15 percent, at 1,923.92 and the Nasdaq Composite index .IXIC was down 18.22 points, or 0.4 percent, at 4,515.84.

Economic data provided some relief. A report showed U.S. jobless claims unexpectedly fell to 262,000 last week, pointing to labor market strength that could keep a Federal Reserve rate hikes on the table this year.

Apple (AAPL.O) was down 1.1 percent at $97 and was the biggest drag on the S&P 500 and Nasdaq.

Nvidia (NVDA.O) was up 9.6 percent at $30.32 after the chipmaker's revenue beat expectations.

Perrigo (PRGO.N) slid 9.1 percent at $131.91 after the drugmaker's adjusted profit missed estimates.

Advancing issues outnumbered decliners on the NYSE by 1,574 to 1,359. On the Nasdaq, 1,435 issues fell and 1,224 advanced.

The S&P 500 index showed seven new 52-week highs and two new lows, while the Nasdaq recorded 13 new highs and 31 lows.

More: http://www.reuters.com/article/us-usa-stocks-idUSKCN0VR1HY

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What is life?
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With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 1:20 pm

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Post n°368

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 1:20 pm

Gamechanger of 2016: China’s Market-Shaking Gold Strategy Rocks Anglo-American Financial Domination
Thursday, February 18, 2016

Will China’s 2016 Gold Strategy Collapse Anglo-American Capitalism?
TMR Editor’s Note:
The world community of nations can no longer withstand the utter ruin that theAnglo-American Axis (AAA) has wrought upon the planet in the interest of maintaining its historical hegemony.

Both Russia and China have been on a very serious mission to decouple the economic structure and financial markets from the petrodollar. As long as the once Almighty Dollar is utilized as the world reserve currency there will never be peace … ANYWHERE. Hence, the BRICS-aligned nations have been very busy creating a new financial system (most of the important developments occurring under the radar) that will render the post-WWII Bretton Woods Agreement virtually obsolete. This is the primary reason for the unfolding WWIII scenario throughout the Middle East.

The financial engineers and economic hitmen of the Anglo-American Empire have sufficiently infiltrated every nation on Earth so as to wreak havoc at will. This interpenetration by the AAA took place insidiously over centuries so that covert blackops could be forever conducted in a clandestine manner. Even Russia and China are not immune to such financial terrorism and economic sabotage as only the AAA can perpetrate.

However, both China and Russia have been systematically executing their own “Gold Strategy”. The following article well explains the basics of this initiative to terminate gold price manipulation implemented daily by New York City’s COMEX and The London Bullion Market Association in the City of London. Their patently illegal suppression of the global gold price has been carried out through a massive EFT trading system in paper gold instruments. That paper gold will be left worthless, with no deliveries to back it up, once China moves forward in earnest with their new gold exchange.

___________________________________________________________________________

Why is GOLD so very important? There are multiple reasons but the most important is that it represents a safe haven during times of great economic turmoil and financial chaos. In this way it functions as the great barometer of the real financial condition of the world as well as the true state of the economy. Whenever investors flock to gold, they know the markets are ready for an anticipated crash, a periodic correction or a serious collapse. In some ancient cultures Gold was believed to be the congealed blood of the gods (it appears in veins) who came down to Earth to defend humanity form their oppressors (antigods). The bottom line is that given the extraordinary instability of the markets and unrelenting economic insecurity worldwide, Gold is soon to be king; Silver is queen, and Platinum and Palladium are prince and princess.
___________________________________________________________________________

This ongoing development within China and the other BRICS is as BIG as it gets. 2016 is destined to be the year that the Global Economic and Financial System will undergo massive unparalleled change, once and for all. Gold has always been the foundation for national economies for good reason, as it also functions as a store of wealth for householders, especially in China, India and Russia.

There’s a very good reason why this past Chinese New Year celebrated the Year of the Fire Monkey. This particular year always brings about radical changes as it did when it occurred in 1776. The Fire Monkey ensures that the whole place will experience the most profound and fundamental transformation of a lifetime.

Simply put, when the reset button is hit in 2016, the methodical wealth accumulation of gold performed throughout the East over many years will prove to be the greatest gamechanger of all time.

Read more: http://beforeitsnews.com/alternative/2016/02/gamechanger-of-2016-chinas-market-shaking-gold-strategy-rocks-anglo-american-financial-domination-3304316.html

_________________
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It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 1:29 pm

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Post n°369

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 1:29 pm

VENEZUELA DEVALUES CURRENCY BY 37% AS MADURO ANNOUNCES 62-FOLD INCREASE IN GASOLINE PRICES

SOURCE: ZERO HEDGE

Maybe because between the specter of defaulting in under three months, the threat of handing over its gold to Deutsche Bank, or the reality of rampant hyperinflation and a collapsing society, the already crushed population of Venezuela did not have enough things to worry about, moments ago Venezuela's Nicolas Maduro unveiled a double whammy of "shock and awe" when the socialist president not only announced the latest devaluation of the country's official currency, but also presented his countrymen with the first gasoline price increase since 1996.

These moves represent the latest attempt to stem a widening economic crisis, though critics of the socialist leader quickly dismissed the moves as insufficient.

On the devaluation side, the latest measure of desperation will lower the strongest official exchange rate by 37% to 10 bolivars per dollar from 6.3, and streamline the previous three-tiered system into a dual exchange rate mechanism. The weaker of the two rates will be a "free float" based on an existing system that currently sells dollars at around 200 bolivars, Maduro said.

As Reuters reports, critics immediately questioned the latter claim, noting that the government has repeatedly announced "free-floating" systems that withered away precisely because authorities never allowed them to be determined by demand.

Meanwhile, Venezuela's true "free floating", market-clearing currency, the black-market "dolar today" recently plunged to over 1,000 per dollar, and was at 1,045.90 as of today. It is this currency that Maduro has sought to eliminate by actually suing the website that reports what it is on a daily basis.

Read more: http://www.blacklistednews.com/Venezuela_Devalues_Currency_By_37%25_As_Maduro_Announces_62-Fold_Increase_In_Gasoline_Prices/49029/0/38/38/Y/M.html

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What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 1:35 pm

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Post n°370

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 1:35 pm

Americans' Economic Expectations Slump Near 2 Year Lows (And The Stock Ramp Is Not Helping)
Submitted by Tyler Durden on 02/18/2016
Americans have been increasingly disgruntled with the economic outlook since March 2015 and today's Bloomberg confidence print at 42.5 sends hope back to near 2-year lows. The early year bounce in expectations has been erased as US equity rallies have done nothing to stymie the growing realization across the states that something dismal this way comes.

More: http://www.zerohedge.com/news/2016-02-18/americans-economic-expectations-slump-near-2-year-lows-and-stock-ramp-not-helping

NIRP Won't Work - What Ray Dalio Thinks Central Banks Will Do Next
Submitted by Tyler Durden on 02/18/2016
While negative interest rates will make cash a bit less attractive (but not much), it won’t drive investors/savers to buy the sort of assets that will finance spending. And while QE will push asset prices somewhat higher, investors/savers will still want to save, lenders will still be cautious lenders, and cautious borrowers will remain cautious, so we will still have “pushing on a string.” As a result, Monetary Policy 3 will have to be directed at spenders more than at investors/savers.

More: http://www.zerohedge.com/news/2016-02-18/nirp-wont-work-what-ray-dalio-thinks-central-banks-will-do-next

World's Largest Hedge Fund In Trouble? Bridgewater Pure Alpha Loses Over 10% In Two Weeks
Submitted by Tyler Durden on 02/18/2016
Not all is beautiful in Ray Dalio's "beautifully deleveraging" world.

More: http://www.zerohedge.com/news/2016-02-18/worlds-largest-hedge-fund-trouble-bridgewater-pure-alpha-loses-over-10-two-weeks

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What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 3:09 pm

Carol

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Post n°371

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 3:09 pm

Brazil ditching dollar to boost Iran trade
Full article: http://www.presstv.ir/Detail/2016/02/17/450767/Iran-Brazil-trade-sanctions-dollar-Monteiro

Description: Brazil says it will deal in euros with Iran to sidestep US sanctions on Tehran.

Brazil says it will deal in euros with Iran to sidestep US sanctions on Tehran.
Brazil says it will ditch the dollar in trade with Iran to sidestep a US ban which prevents Tehran from using the American financial system.

Trade Minister Armando Monteiro has said Brazil seeks to boost business relations with Iran after the lifting of sanctions on Tehran, even though Washington has opted to maintain its “primary” embargo on the country.

"Everyone is racing after Iran now. The trade potential is very big," Monteiro told Reuters on Tuesday.

He said Brazil will find ways to settle payments and the type of payment and currency in transactions with Iran which President Dilma Rousseff could visit this year.

Rousseff lifted sanctions against Iran last week after meeting with the Iranian ambassador, hoping to bolster trade between the two nations, which have enjoyed warm ties for years despite tensions with the West.

Latin America's biggest economy aims to triple trade with Iran to $5 billion by 2019, Monteiro said.

He said Iran has already contacted Brazil's Embraer, the world's No. 3 commercial plane manufacturer, for the purchase of commercial jets for regional aviation.

Iran is eyeing the four models of Embraer's E1 family of regional jets, because of their low maintenance costs, Reuters said, quoting an official spokesman for the company.

"Iran is a very interesting market because there is a lot of repressed demand and it is a huge country so there is great potential for regional aviation," the spokesman said.

Monteiro said Iran is also interested in Brazilian cars and trucks as well as machinery to renew its oil refinery network.

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Thu Feb 18, 2016 3:20 pm

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Post n°372

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Feb 18, 2016 3:20 pm

"China is leading a “repricing” of the world’s assets. First, they are taking down the inflated values of the stock markets. Remember how we have been hearing that the prices would be similar to the way things were in the 1970s? Well, you are watching it happen. The repricing of Gold and Silver are likely to occur as well.

SEVERAL WEEKS AGO CHINA HAD A SIGNIFICANT SELL-OFF WHICH LED THEM TO DEVALUE THEIR CURRENCY. AS A RESULT THEY PICKED OUT 47% OF THEIR STOCKS AND HALTED TRADING ON THEM.

THOSE TRADING CURBS HAVE REMAINED IN PLACE IN SPITE OF THE FACT TWO DAYS THIS WEEK THEY DROPPED THE MAXIMUM ALLOWED FOR THE DAY OF 7%.

ON FRIDAY CHINA IS SUPPOSED TO REMOVE THE CURBS ON THOSE 47% STOCKS THAT HAVE BEEN UNABLE TO SELL."

And today, we see that the controls have been taken off of the falling process:

Chinese regulator suspends market circuit breakers

http://www.cnbc.com/id/103267468

The China Securities Regulatory Commission suspended its circuit breaker system Thursday.

The recently rolled out system led to halted trading on two separate days this week amid selling. The circuit breaker most recently kicked in Thursday, when the CSI300 plunged more than 7 percent in early trade.

US oil sheds 5.56%, posts worst settle since Dec. 2008

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely, and after a sharp rise in U.S. gasoline inventories.

Benchmark Brent crude futures were at $34.26 a barrel — down 5.93 percent — and at their lowest since early June 2004, having staged their largest one-day drop in percentage terms in nearly five weeks.

U.S. crude futures settled down $2, or 5.56 percent, at $33.97 a barrel — its worst settle since Dec. 19, 2008 — after already slipping 79 cents the previous day.

Last week, the U.S. added 10.1 million barrels of gasoline, the Energy Information Administration said. It added 900,000 the week before. However, U.S. crude inventories dropped by 5.1 million barrels last week.

"It's the biggest increase in gasoline supply since 1993," said John Kilduff, founding partner at Again Capital. "Gasoline prices are going to collapse"

More at: http://www.cnbc.com/2016/01/05/oil-prices-edge-higher-after-dropping-to-near-11-year-lows.html

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Fri Feb 19, 2016 10:04 am

Carol

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Post n°373

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Feb 19, 2016 10:04 am

https://www.youtube.com/watch?v=ZJELBF9nWKI
What We Are Witnessing Now Is The Calm Before The Storm: Stephen Lendman

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
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**Carol** Fri Feb 19, 2016 10:07 am

Carol

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Post n°374

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Feb 19, 2016 10:07 am

Budget blues for Osborne: Deficit reduction target in trouble despite largest January public finance surplus since 2008
Budget 2016 blues for George Osborne as Deficit reduction target in trouble

In the last set of figures on public finances before the Budget on 16 March, the Treasury surplus surged by £1billion on last year to £11.2billion - the largest for any January since 2008. However, January is always good month for tax revenues because of the boost from self-assessment payments and some estimates had pencilled in an even bigger surplus.

Public finances surplus rose by £1bn to £11.2bn in the year to January
Tax receipts increased by £200m to a record £12.4bn
Retail sales rose more than expected in Janaury - by 2.3% on December

By CAMILLA CANOCCHI FOR THISISMONEY.CO.UK
PUBLISHED: 07:26 EST, 19 February 2016

Record tax receipts helped public finances to their largest January surplus in eight years, it was revealed today - but this might still not be enough to achieve the deficit reduction target promised by Chancellor George Osborne.

In the last set of figures on public finances before the Budget on 16 March, the Treasury surplus surged by £1billion on last year to £11.2billion – the largest for any January since 2008.

However, January is always good month for tax revenues because of the boost from self-assessment payments and some estimates had pencilled in an even bigger surplus.

Explanations: Chancellor George Osborne will miss his deficit reduction target of £37.5billion as public sector borrowing is set to overshoot the OBR¿s forecast

Explanations: Chancellor George Osborne will miss his deficit reduction target of £37.5billion as public sector borrowing is set to overshoot the OBR’s forecast

Tax receipts increased by £200million to a record £12.4billion, although self-assessment receipts were up just 1.6 per cent on a year ago and corporation tax receipts actually fell nearly 8 per cent.

Public sector net borrowing also decreased by £10.6billion to £66.5billion in the current financial year to date, according to the Office for National Statistics.

But analysts have highlighted that the pace of deficit reduction is falling somewhat short of the Chancellor’s target of £73.5billion for this year.

Read more: http://www.thisismoney.co.uk/money/news/article-3454454/Budget-blues-Osborne-Deficit-reduction-target-trouble-despite-largest-January-public-finances-surplus-2008.html#ixzz40d9rGVue

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Fri Feb 19, 2016 10:10 am

Carol

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Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Feb 19, 2016 10:10 am

Interest rates at rock bottom until 2019? BoE official warns money market gloom on UK economy is off the mark

Money markets have begun to bet that interest rates will not rise from their long-standing floor of 0.5 per cent until well into 2016 - much to the chagrin of two Bank of England policymakers.

Yesterday Deputy Governor Jon Cunliffe warned that bond market traders (see factbox below) have it wrong and that the UK is on its way to a full economic recovery that will allow rates to rise well before then.

Today BoE Monetary Policy Committee member Martin Weale also said that he would be surprised if Britain's central bank took as long to hike interest rates as markets expect.

BoE Monetary Policy Committee member Martin Weale also said that he would be surprised if Britain's central bank took as long to hike interest rates as markets expect

On a visit to Northern Ireland, Weale told the Irish News paper: ‘I would be surprised if people had to wait as long as markets are currently implying ... but markets well may well turn out to be right.’

Weale, the MPC's longest-serving member and due to step down this July, is one of only two current members of the nine-strong committee to have voted for higher rates in the last few years.

Read more: http://www.thisismoney.co.uk/money/markets/article-3453140/Will-rates-stay-rock-bottom-2019-BoE-s-Cunliffe-warns-money-markets-wrong.html#ixzz40dAnxB5T

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol

tMoA

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

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Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

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