GuitarMan: Bloomberg Bond Market is lit up with little green in a lot of red like Christmas
Journey: Guitar: Funny was watching BBN lastnight said the markets were the highest level in years so a great time to invest!!! I am serious!
Guitarman: Journey it's a Ponzi scheme, A lot of people going to be hurt when he crashed ….. All the future bonds are in the negative Yields..
Guitarman: It seem like everything is coming to a head with those negative yields in the in the Bond Market very soon!!!!
Journey: Like how long can this really go on. TPTB r still manipulating... Just give it up already. This waiting game and into yet another weekend... Im manifesting being in a exchange center this weekend!
GuitarMan: Quantitative easing is not effective like it was before. Some of the manipulation has been removed and now the effect is not as good.. Those 800#'s are around the corner..
GuitarMan: Bankers want to charge depositors interest on their deposits. This will make the consumers take their money out of the banks and put it in there mattress , and bury it in the backyard .
Jayke: Good morning, room...not to be negative, I don't see this thing popping on a weekend.a lot of bank are closed. Any take?
Taxmom: JAYKE, WE HAVE HEARD FOR A LONG TIME THAT IT DOESN'T MAKE ANY DIFFERENCE. THEY CAN OPEN UP EXCHANGE CENTERS FOR US ANY TIME OF THE DAY OR NIGHT, ANY DAY OF THE WEEK.
Rascal: Also heard that exchange centers were classified as a different entity to separate banks from any liability… I've heard of private meetings with bankers that know what's going…... Personally exchange centers are my hopes, we know they were trained and practiced at what they're doing
GuitarMan: This weekend would be great for redemption and come Monday the consumers would not notice the difference..
Mangelo: we have been waiting this long....so know something is going to happen to us!!! RV
Harambe: Egypt on Cusp of $12 Billion IMF Aid Seen Prelude to Devaluation http://bloom.bg/2big3FA
Harambe: Meet China's New Currency Regime; It Looks a Lot Like the Old One http://bloom.bg/2bcmUmF
Emailed to Recaps:
We’re all on the Titanic’, Get Ready for Ugly Stock Market Crash
Swiss investor Marc Faber is known for his pessimistic view of stock markets, and says the S&P 500 index could soon lose more than half of its value.
A rally since late June has the S&P 500 up nearly seven percent in 2016, setting new record-highs almost every day. Faber predicts the index could first grow to 2,300 points from the current 2,182 before the nosedive.
“Maybe we go first to 2,300, then we would have a perfect topping formation. A widening-top formation is about the most bearish technical formation you can have,” Faber said in an interview with MarketWatch.
The investor is referring to the so-called megaphone pattern that resembles a reverse version of a symmetrical triangle, which is a bearish signal indicating the current uptrend may be followed by a steeper downtrend.
“When it unravels, we are going to go to 1,100 on the S&P 500,” Faber said.
Faber, 70, is known for his criticism of central bank policies and the US economy. According to him, printing money may result in markets coughing up the “five years of capital gains”.
“We’re all on the Titanic. When things unravel a colossal asset inflation will burst,” he said. .....
Mountainman: Now With the G20 SUMMIT=Sept 4-5= Riding the COAT TAILS of the IEX LAUNCH September 2........Do You SEE the ORCHESTRATION of TIMING of these EVENTS........??? and What Will HELP and Is Needed to SUPPORT the YUAN........???
Perhaps Some "DONOR CURRENCIES" from Emerging COUNTRIES........??? Hmmm
Yes CRAZY 8's CONTINUES to Be VERY EVENTFUL and INFORMATIVE........INDEED........IMO
Blessings,Mountainman (8)=New Beginnings........for the A "YUAN CHOP" in the MARKETS........OCTOBER 1,2016........
Samson: World Bank Approved as the First SDR Bond Issuer in China
August 12, 2016
Washington, DC, August 12, 2016 – The World Bank (International Bank for Reconstruction and Development, IBRD) announced today that the People’s Bank of China (PBOC) has approved the World Bank’s inaugural issue in the Chinese domestic market of bonds denominated in Special Drawing Rights (SDRs). The World Bank is the first entity to receive such approval and it marks the launch of the SDR bond market in the world’s second-largest economy.
“This is a landmark development for China’s bond market and for the SDR as an international reserve asset,” said World Bank Group President Jim Yong Kim. "We are very pleased to support China’s growing role in global financial markets. World Bank issuance of SDR bonds in China will support the G-20’s objective of expanding the use of SDRs and help promote the development of China’s domestic capital market. It will also increase Chinese investors’ access to foreign currencies in the domestic bond market, while opening up new opportunities for international investors seeking high-quality investment products in the country.”
The size of the World Bank’s new issuance program is 2 billion SDRs (approximately equivalent to USD 2.8 billion). The bonds will be denominated in SDRs and payable in Chinese renminbi (RMB). The precise timing of issue and individual bond terms will be based on market conditions at the time of issuance.
"The World Bank Treasury appreciates China’s approval of the World Bank as the first issuer of SDR-denominated bonds in its domestic market as a further step in the internationalization of the Chinese capital markets. It shows the vital role the World Bank plays in opening new markets and developing local capital markets," said World Bank Vice President and Treasurer Arunma Oteh. "World Bank SDR-denominated bonds in the Chinese market are a fantastic opportunity for Chinese investors to support the World Bank's sustainable development activities through a new product. These bonds will also be attractive to international investors seeking SDR products to hedge SDR liabilities."
The World Bank (IBRD) raises USD 50-60 billion in the international capital markets each year, by offering investors a variety of products in over 20 currencies. The new SDR program in China is part of the World Bank’s strategy to open and support the development of new markets and will expand World Bank’s product offerings, attracting new domestic and international investors to World Bank bonds.
SDRs (Special Drawing Rights) are an international reserve asset created by the International Monetary Fund (IMF) in 1969 to supplement its member countries' official reserves. The value of the SDR is currently based on four major currencies: the U.S. dollar, euro, Japanese yen and British pound. The Chinese renminbi will join the SDR basket of reserve currencies on October 1, 2016.
The law firm of King & Wood Mallesons (Hong Kong and Beijing) is acting as counsel for the World Bank on the bond issue.