Blackeyepea: Well I'm still excited! I know we are inching towards the point of no return! They have to take us to the dance!!
Rascal: BEP should I buy the corsage now or will go bad before the dance
Blackeyepea: Rascal..I would buy the corsage and shine my shoes..I believe we will be dancing very very soon..they are running out of time and excuses
Lostnq8: BEP is it friday and ramadon starts Sunday - do you have any news :)
Blackeyepea: Lost..not really other than Its all a show now..we await 800s..it's really no Intel..at least on my end.
I think it's wise to keep your eyes on China this month..more so than Iraq at this point. I believe China is running the chess board……. Everyone should be excited as they have to bring it and it's our turn!
Isay this all the time but in reality it was November of 2015 that this really could have shaken loose. No way in hades it was gonna happen before..however hind sight is 20/20
I feel sorry for anyone that had this opportunity and let some Google search or person talk them out of it!
Coyotehunter: We need a Putin over here:
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IdahoUSA: Already Blessed wrote this: THINGS MONEY CAN'T BUY - 1. MANNERS 2. MORALS 3. RESPECT 4. CHARACTER 5. COMMON SENSE 6. TRUST 7. PATIENCE 8. CLASS 9. INTEGRITY 10. LOVE
2013 Porsche: And #11... Money can't buy common sense.
Reposted: millionday: ABADI HAS ANNOUNCED THE ACTIVATION OF THE ECONOMIC REFORM AND THE RELEASE OF ALL FUNDS
millionday: THIS IS BEING DISTRIBUTED ACCORDING TO REPORT(S) TO ALL BANKS FOR ALL CONTRACTS AND WILL BRING THOUSANDS AND THOUSANDS OF JOBS DUE TO ACTIVATIONS.
THIS IS TO ENSURE THE HEALTH OF IRAQ ECONOMY AND ACCORDING TO TITLE OF REPORT>>>> RETURN THEM TO WEALTH!!!! --- WHOOOPOW ...
millionday: Approve the immediate release of loans come to constitute a quantum leap in the process of restructuring of the system of the Iraqi economy and the stage milestone in the path of the development of a new vision to address the situation of imbalance
millionday: THE BANKS ARE ORDERED TO SEND OUT THE FUNDS RIGHT AWAY AND THEY WILL USE THE PHONES TO ALLOW QUICK INFO TO BE SENT
millionday: WHOOOPOW LOVE THE NEWS
Walkingstick: China Spends $1 Trillion on ‘New Silk Road’ to Surpass US on World Stage
02:27 03.06.2016(updated 06:36 03.06.2016)
China is now nearly three years into Xi Jinping’s cooperative development strategy with European partners known as “One Belt, One Road,” or the “New Silk Road.” The plan is part of China’s push to leverage their economic potential to maximize geopolitical influence.
The plan has two parts – the land-based Silk Road Economic Belt and the oceangoing Maritime Silk Road.
The land-based project includes countries situated along the original Silk Road through Central Asia, West Asia, the Middle East, and Europe, and calls for greater integration with the hopes of developing a cohesive economic zone.
The complimentary Maritime Silk Road Initiative expands the project through several contiguous bodies of water, including the South China Sea, the South Pacific Ocean, and the Indian Ocean, as a means to blunt US inroads into China’s regional economic hegemony.
The centerpiece of the project is the Asian Infrastructure Investment Bank (AIIB), a corollary to the US-backed World Bank, that provides China an outlet to influence regional policy while granting European investors opportunities for investment.
In its first years, over $200 billion of infrastructure projects have been planned for construction and another $1 trillion in projects are on the horizon, dwarfing US foreign investment by several orders of magnitude.
A proliferation of economic prosperity to purchase political goodwill is not novel, as many compare the Chinese effort to the post-World War II Marshall Plan, an enormous investment effort into Europe ostensibly to prevent the continent from becoming communist and becoming a satellite region in the Soviet Union’s sphere of influence.
More recently, China has employed a similar strategy in Africa, leading many of the continent’s countries to support Beijing’s positions in the United Nations and, in Afghanistan, to garner Kabul’s support for China’s territorial positions in the South China Sea dispute.
As the US continues to expend resources to maintain its sphere of influence in the West by bankrolling NATO, despite growing economic deficits, regional advances by China leave Washington scrambling.
As part of the effort to counter Chinese influence, US President Barack Obama spent last week on a tour of Asia, offering concessions to Vietnamese President Tran Dai Quang in the form of eliminating a five-decade arms embargo and bowing to Japan’s Shinzo Abe while apologizing for the atomic holocaust visited upon Hiroshima and Nagasaki.
Washington looks to fritter away millions of American jobs to China’s neighbors with the hotly-debated Trans-Pacific Partnership deregulated-trade agreement, despite massive voter opposition to the arrangement. President Obama has expressed his intent to force the job-killing measure through procedural technicality at the end of his presidency, simply to counter China.
On Thursday, Radio Sputnik sat down with New York University professor Ann Lee, an expert in China’s economic relations, to discuss Beijing’s ongoing moves to checkmate Washington on the global stage.
"China is using its influence as a means to an end, which is political influence, but that is the long game," explained Lee. "China is following what the US did with the Marshall Plan, which was an economic measure to boost Europe’s economic activity, but it was also a means to an end to prevent Europe from falling into Communism and Russia’s sphere of influence politically, and so this has a lot of precedence and China is basically following in the same footsteps."
Lee explained that the US and Europe are engaging in financial statecraft throughout the world, citing IMF and World Bank loans that require recipient countries to agree to terms that include opening up their financial markets, adopting certain governing principles, and adhering to human rights standards.
How has the New Silk Road impacted Chinese-European relations?
"I would say that relations are warming," said the professor. "China has been pretty assertive about going to Europe with various deals. They have already announced deals with Scotland, Italy, and many countries."
Lee suggested that Europe has a lot to be gained by the arrangement, given the continent’s stagnating economy and the desire to explore emerging markets.
"China is offering a way for Europe to reach these markets, so for both sides it is a win-win, and it is fair to say that both sides would only engage in these negotiations if they see benefits to themselves," said Lee.
What stands in the way of expanding relations between China and Russia?
"I think it would mostly be the US taking objection," noted the professor. "We saw the US objecting to Europe taking part in China’s Asian Infrastructure Investment Bank and we’ll likely continue to see the US continue to provide obstacles to prevent Europe from getting too close to China."
Emailed to Recaps:
Goldman and HSBC Fires Dozens Of Investment Bankers
Following an abysmal quarter for investment banks around the globe, which saw salary cuts across the board as a result of sliding revenues in virtually all product areas, we forecast that the next logical step will be ongoing major layoffs of some of the world’s highest paid employees. This morning none other than the most insulated from global financial troubles bank confirmed just this when Bloomberg reported that Goldman had quietly cut investment banking jobs in the last few weeks, joining securities firms that are adjusting to a slowdown in deal activity.
According to Bloomberg, the bank eliminated dozens of managing directors, executive directors and vice presidents across the mergers and debt and equity capital markets teams. The cuts affected bankers in cities including London, New York and Hong Kong and are in addition to the bank’s annual 5 percent cull of employees deemed underperformers, the people said.
Earlier, the firm’s president Gary Cohn said on Tuesday that the same forces that helped fuel mergers and acquisitions in 2015, such as low interest rates and sluggish growth, remain in place today and that the outlook for the business remains bright. However, the future is far less bright to dozens of bankers who have now packed up and are trying to find a similar, well-paying job.
As Bloomberg adds, CEO Lloyd Blankfein is embarking on his biggest cost-cutting push in years as the bank tries to weather a slump in trading and dealmaking. The job reductions follow a similar move in the firm’s trading division this year, driven in part by a 60 percent drop in first-quarter profit.
It’s not just GS.
HSBC, too, fired investment bankers today!
HSBC Holdings Plc is cutting senior investment-banking positions as part of the lender’s ongoing plan to reduce costs across the company, according to a person with knowledge of the matter.
The cuts reflect a gradual trimming of jobs, said the person, who asked not to be identified because the move hasn’t been announced publicly. Reuters earlier on Tuesday reported the reductions would affect dozens of employees.
Deutsche Bank ATMs Block Cash Withdrawal Due To "Technical Glitch"
by Tyler Durden - 9:14AM
In what appears to be a widespread problem, Germany's Spiegel reports that customers are unable to withdraw cash from Deutsche Bank ATMs due to a "technical glitch." LINK