BACKDOC: SEVERAL WEEKS AGO I MENTIONED I THOUGHT WE COULD SEE THE POUND DEVALUE AND SINCE I TOLD YOU IT HAS DONE JUST THAT.
NOW YOU HAVE INK ON IT! THE REAL ISSUE HERE IS WHAT WILL HAPPEN TO THE EUROZONE IF THE BRITS LEAVE?
OF COURSE THEY WILL PAY DEARLY AS THIS ARTICLE SAYS BUT WHAT WILL HAPPEN TO THE EURO? IT SEEMS THE AGREEMENT THAT HOLDS THE EUROZONE TOGETHER IS UNDER ATTACK IN SO MANY DIRECTIONS IT SEEMS POSSIBLE THERE COULD BE A BANKING ACCIDENT!
THE EUROZONE BANKS ARE GETTING CLOSE TO FAILURE SINCE THEY ARE STRUGGLING TO MAKE PROFITS AS EVIDENCED BY DEUTCH BANK SUFFERING LOSSES!
THE SHENZENG AGREEMENT, THAT ALLOWS PEOPLE FROM ANY EUROZONE COUNTRY TO TRAVEL FREELY WITHOUT A PASSPORT LIKE WE DO IN OUR STATES, IS BEING RETHOUGHT DUE TO THE MIGRANT CRISIS!
IT SEEMS AS IF IT WAS DONE ALMOST ON PURPOSE! MMM
Mountainman: So Doc if The Pound Is "Potentially" heading for a CRASH COURSE/Along W/some other Foreigners...So to Speak....
Then WHAT and WHEN might The DOLLAR Take A Spill IYO???...ALL this "Petro Slick" Lying AROUND IMO....Could cause a....POTENTIALLY SERIOUS ACCIDENT.....Don't You THINK???......Steer Clear from HERE!!!
BACKDOC: I HAVE A FEELING THEIR ATTEMPT WILL BE TO LET THE DOLLAR GRADUALLY FADE AWAY LIKE A LOYAL SOLDIER "MCARTHER"
THE EURO ON THE OTHER HAND I THINK COULD CRASH COMPLETELY TO RID THE WORLDS BANKING SYSTEM OF TOXIC DEBT! REGARDLESS, THERE WILL AT LEAST BE BANKING FAILURES COMING!
Thunderhawk: Backdoc Alert
Goldman Sees Pound Tumbling by as Much as 20% on `Brexit'
The pound could fall as much as 20 percent if Britain quits the European Union, according to Goldman Sachs Group Inc.
The U.S. investment bank doesn’t expect U.K. citizens to vote to leave the EU in the referendum that may be held as soon as June. But if they did, it predicts sterling could drop to $1.15-$1.20 -- levels last since in 1985. It was at $1.4638 as of 9:25 a.m. London time on Thursday.
A “Brexit” would lead to an “abrupt and total interruption” of incoming capital flows, analysts led by chief currency strategist Robin Brooks wrote in a note.
With traders pushing back the timing of a Bank of England rate increase into 2018, and some economists starting to talk about a cut to borrowing costs, sterling has weakened 5 percent versus the dollar since October. Britain’s current-account deficit leaves the pound particularly vulnerable to a drying up of investment flows should the nation leave the EU, the Goldman Sachs analysts wrote.
“A vote for the U.K. to exit from the EU is an event that would increase uncertainty,” they wrote. It would “weigh on the U.K. outlook and raise concerns of foreign investors -- potentially interrupting the flow of capital to the U.K., sending the pound much lower.”
Concern that a “Brexit” would jeopardize London’s role as a global financial center has prompted the banking industry to rally against that outcome, with Goldman Sachs donating hundreds of thousands of pounds to the campaign to keep Britain inside the EU.
Sterling may also weaken to about 90 to 95 pence per euro if the worst happened, Goldman Sachs analysts predict, from 76.20 pence on Thursday.
http://www.bloomberg.com/news/articles/ ... -on-brexit
BACKDOC: (See Article Below) YOU SEE HE'S RIGHT ON THE FUNDAMENTALS AS I SHARED WITH YOU, THATS WHY THEY HAVE TO CHANGE THOSE FUNDAMENTALS BY CHANGING THE CURRENCY VELOCITY IN THE WORLD ON THE DOLLAR AND THE YUAN!
IF S.A.(Saudi Arabia) CHANGES OVER TO SETTLE THEIR CURRENCY IN YUAN THEY CAN REPAIR THE NOTE COUNT VERY QUICKLY DUE TO THE AMOUNT OF YUAN DOLLARS THAT THEY COULD SETTLE IN.
THEY COULD DO LIKE VIETNAM DID WHERE THE THEY ARE DOING 80 PERCENT OF THEIR CONTRACTS IN DOLLARS AND 20% IN OTHER CURRENCIES.
VERY SIMPLY IF YOU WANT TO REDUCE YOUR NOTE COUNT YOU SELL IN DONG OR RIAL BUT BUY IN DOLLARS OR YUAN DEPENDING WHETHER YOUR IN VIETNAM OR S.A..
IF YOU GET PAID IN YOUR OWN CURRENCY YOU CAN REDUCE THE NOTE COUNT TO RAISE THE CURRENCY VALUE! DOC IMO
Thunderhawk: Crude Falls as Global Oil Supply Glut Outweighs Dollar Weakness
Oil retreated as the highest U.S. crude supplies in more than 80 years outweighed a weakening U.S. dollar.
West Texas Intermediate oil slipped 1.7 percent. Crude stockpiles climbed 7.79 million barrels to 502.7 million last week, the highest since the 1930s, according to weekly and monthly data from the Energy Information Administration. Futures climbed as much as 4.1 percent earlier as the Bloomberg Dollar Spot Index, which tracks the currency against major peers, declined on signs of a slowing U.S. economy.
"There’s only so much the dollar can do in the face of these overwhelming fundamentals," said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. "It looks like we’ve priced in the dollar’s weakness."
Oil is down 14 percent this year as the market focuses on an expected boost in Iranian exports after the removal of sanctions and brimming U.S. crude stockpiles. Venezuela said six OPEC members and two non-members would attend an extraordinary meeting if one is called. Commerzbank AG said it’s skeptical that any output cuts will result from the effort. Royal Dutch Shell Plc said fourth-quarter profit fell 44 percent.
WTI, Brent West Texas Intermediate for March delivery slipped 56 cents to close at $31.72 a barrel on the New York Mercantile Exchange. It surged 8 percent Wednesday. Prices closed below $30 on Tuesday for the first time since Jan. 21 after the biggest two-day decline since 2009. Total volume traded was 70 percent above the 100-day average.
Brent for April settlement fell 58 cents, or 1.7 percent, to $34.46 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude closed at an $1.08 premium to April WTI.
“The low is in,” T. Boone Pickens, the founder and chairman of BP Capital LLC, said Thursday in an interview on “Bloomberg Go."“The market is going to be volatile. It’s not going to go straight up, so there will be good entry points.”
Signs of a slowing U.S economy have hurt the dollar by derailing wagers that the Federal Reserve would continue raising interest rates while other central banks increased stimulus. Currency traders are catching up to the bond market, where 10-year yields sank to the lowest in a year on Wednesday and futures sent the strongest signal yet that traders expect the Federal Reserve to stand pat on rates in 2016.
Crude stockpiles at Cushing, Oklahoma, the delivery point for WTI at the nation’s biggest storage site, rose by 747,000 barrels to 64.2 million last week, 24,000 barrels short of a record, EIA data show. Gasoline stockpiles climbed 5.94 million barrels to 254.4 million, the highest in weekly records going back to 1990.
Members of the Organization of Petroleum Exporting Countries and non-OPEC producers need to meet soon, said Ali Akbar Velayati, adviser to Iran’s Supreme Leader Ali Khamenei, while in Moscow, according to Interfax. Velayati met Russian President Vladimir Putin and Igor Sechin, CEO of the country’s largest crude producer, Rosneft NK OAO, during his visit.
"There’s a lot of skepticism that the Venezuelans will get anything accomplished," said Phil Flynn, senior market analyst at Price Futures Group in Chicago. "The market keeps switching its focus from the glut we have now and the tighter supplies we should have in a few months. The massive cuts in capital expenditures we’re hearing in earnings calls guarantee that supplies will be tighter down the road."
Statoil ASA, Norway’s biggest oil company, deepened investment cuts and offered to pay dividends in stock. Royal Dutch Shell said it depleted its oil and gas reserves much faster than it replenished them with new resources in 2015, its worst performance since 12 years ago.
http://www.bloomberg.com/news/articles/ ... stockpiles
BACKDOC: REMEMBER, THE ONLY MONEY CREATION WILL COME FROM THE SDR'S IN THE IMF! ULTIMATELY THEY ALL WILL ANSWER TO THAT TUNE!
Thunderhawk: LOOKS LIKE WE'RE PLAYING MUSICAL CHAIRS HERE
Choehuinam former Secretary of the World Bank executive directors elected ... 'AIIB members including advanced Performance'
Choehuinam former Ministry of Strategy and Finance International Economics Officer (Secretary, photograph) 3 (Reuters) - World Bank headquarters in Washington, DC (World Bank Group) was elected to the Executive Director.
Choi new directors in the past World Bank Director chamber advisers, the base unit foreign currency funds Director, International Monetary Fund (IMF) deputy director, major 20 countries (G20) Planning Director, G20 Seoul Summit Preparatory Committee Agenda Executive Director, International Financial Policy Bureau, etc. is a leading international finance throughout my rough through the government.
In particular, recently it found an Asian Infrastructure Investment Bank (AIIB) 5-largest shareholder position and securing successful Korean Vice emissions, rising sovereign credit rating, one-sizeable achievement in the global economy in areas such as signing a free trade agreement (FTA).
Substrate section official "best new director has got a wide network and extensive experience in international banking and financial sectors of Korea in the international development sector is expected to play a leading role," he said. Korea Investment Corporation Jeddah last month term unexpired term on October 31 of this year, the former director eunseongsu moved into place (KIC) President.
The World Bank Group consists of a International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), the International Investment Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), the International Center of Investment Disputes (ICSID)
https://translate.google.com/translate? ... rev=search
Link to Part 2