MY LADIES: WHAT WILL THEY DO??? WHAT WILL THEY DO??
IF WHAT WE’RE THINKING AND THIS IS A CONTROLLED CORRECTION / COLLAPSE THEN SEPT WILL BE THE START.
US Fed and Bank of England trapped in monetary maze in struggle for higher rates http://www.scmp.com/comment/insight-opinion/article/1851830/us-fed-and-bank-england-trapped-monetary-maze-struggle
The US and UK central banks have dug themselves into a very deep policy hole. Six years ago they rushed into quantitative easing and slashed interest rates down to zero without a credible exit strategy. Now they are trapped in a monetary maze with no easy way out.
MY LADIES: ARE WE ALL PAYING ATTENTION TO HOW MONEY WORKS??? ARE WE SEEING THE TRUE STRUGGLES EMERGING MARKETS FACE? WATCH THIS AS AN EXAMPLE OF OTHER COUNTRIES TO COME.
PrincessDD: China Poised to Boost Banks’ Liquidity to Counter Weaker Yuan
People’s Bank of China officials say another reduction in banks’ reserve-requirement ratio is imminent http://www.wsj.com/articles/china-poised-to-boost-banks-liquidity-to-counter-weaker-yuan-1440325663
BEIJING—The People’s Bank of China is preparing to flood the country’s banking system with new liquidity to boost lending, according to officials and advisers to the central bank, as a weaker currency could spur more funds leaving Chinese shores
MY LADIES: NOW RIGHT HERE WHAT CHINA IS DOING WITH INDIA IS THE SAME THING THEY WANT TO DO WITH GREECE. THEY ARE TRYING TO NEGOTIATE A DEAL TO DEVELOP THE DEEP WATER PORT IN GREECE. LET ME SEE IF I FIND SOMETHING ON THAT.
All is not smooth on the Silk Road http://www.thehindu.com/opinion/columns/all-is-not-smooth-on-the-silk-road/article7562232.ece
Inspired by the successes of Shanghai and Guangzhou, the Chinese have emerged as the architects of MSR, which will cover coastal zones that spread from parts of the Pacific and Indian Ocean rims to stretches along the Mediterranean coast.
The project has the potential to generate millions of jobs through development of ports, marine industry, industrial parks, smart cities, as well as tourism and entertainment centres along a vast Eurasian maritime space.
MY LADIES: ALL RIGHT I FOUND, IT’S OLD BUT STILL IN NEGOTIATIONS. THIS WOULD BE A GREAT SOURCE OF REVENUE FOR GREECE AND A MUCH NEEDED PORT FOR THE INITIATIVE. READ PAST THE OPINIONS OF THE AUTHOR TO THE MESSAGE [LEASE
One Port, Two Worlds: China Seeks Dominance in Athens Harbor http://www.spiegel.de/international/business/china-seeks-gateway-to-europe-with-greek-port-a-1027458.html
But China is thinking far into the future. Piraeus is the closest port in the northern Mediterranean to the Suez Canal. From here, it can conquer the EU domestic market. Recently, three freight trains began leaving the port each week. "Those are peanuts, of course," Fu says. "But it's only the beginning."
When Chinese Prime Minister Li Keqiang visited the port in June, Piraeus was described as China's gateway to Europe: China's exports could reach Germany, Hungary and Austria "between seven and 11 days" faster, he said. Huawei, the electronics conglomerate, has already opened a logistics center right at the port.
DK: If the Fed and BOE are rushing to raise rates to establish better traction for future monetary policy operations, then they are playing a very dangerous game. Global markets are in such a parllous state right now that only a small hike could spark a new world economic crisis.
ML, is this possibly another let's not waste another crisis move?
MY LADIES: DK THAT'S THE WHOLE POINT. WE CAN NOT HAVE NEW WHILE OLD STILL EXISTS.
BUT I STILL THINK IT WILL BE CONTROLLED. THE OLD BANKING SYSTEM IS BROKEN AND WE NEED SOMETHING NEW.
THIS "DANGEROUS GAME" IS ACTUALLY JUST PART OF THE PROCESS.
THERE IS NO WAY TO "FIX" THE DEBT PROBLEM IT NEEDS TO BREAK FOR NEW TO COME IN.
THIS IS WHAT WE'RE WATCHING EVERYDAY.
CORRECTIONS ARE HAPPENING AND BANKS ARE WELL AWARE OF WHAT'S COMING DOWN THE ROAD.
Patti: MY LADIES QUOTE: “BUT WHY??? WHY IS THE MIDDLE EAST COMING TOGETHER???”
Perhaps to be role models for other countries that will also line the Red Silk Road, connecting the globe across land (rail) and water (port rights)....not to mention the military reinforcement (and coordination) among neighboring countries around the globe who will be protecting it? China may be driving the development and coordination, but collaboration is a new thing for everyone. I'm with you, Mary....this is fascinating to watch everything come together. Now, with Abadi calling for the immediate formation of a new "emergency team" to be the trigger, it would seem that we are about to see history made before our eyes. Wow!!
MY LADIES: ABSOLUTELY PATTI! A FRIEND WE HAVE IS A TOP ANALYST FOR A MAJOR BANK. THEY ARE THEIR WAY TO ATHENS THIS WEEK FOR A FIRE SALE OF DEBT. I ASKED HIM POINT BLANK ABOUT THE FUTURE OF THE MIDDLE EAST AS A PLACE TO PARK MONEY.
HIS ANSWER WAS SO SIMPLE.
HE SAID ANY COUNTRY IN BILATERAL TRADE WITH CHINA RIGHT NOW IS WORTH LOOKING AT. THEN HE QUALIFIED THAT AND SAID ANY EMERGING MARKET WITH STRUGGLING EXCHANGE RATES IN TRADE WITH CHINA WILL COME UP ON THE OTHER SIDE OF THIS IN THE NEAR FUTURE.
Patti: Those who are helping to connect the Red Silk Road will reap many benefits, I'm sure. Now comes the overlay of new, more realistic, financial and banking systems to support it! And all without the US's "guidance".
Joey: TY Mary how true and we are seeing it before our very eyes… so are all economists
Patti: Emerging economies let currencies slide to stay competitive
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes. The currencies of emerging nations in Asia have especially suffered in recent weeks from market speculation that the US Federal Reserve will lift interest rates this year -- possibly as soon as September. Other factors, including slumping prices of oil and natural gas -- exports that many emerging economies rely on heavily -- are also pulling currencies lower or prompting governments to let their value drop.
MY LADIES: YEP THERE YOU HAVE IT...GOOD JOB PATTI
MY LADIES: ISRAEL CARRIES ON THE IRAN CAN NOT BE TRUSTED, THAT IRAN IS DECEITFUL BUT LET’S SEE WHAT HAS LEAKED OUT IN LAST DAY ABOUT THE NOT SO HONEST FORTH COMING AGENDA OF ISRAEL.
I FIND THE TIMING OF THESE LEAKS INCREDIBLE TOO.
WATCH WHAT’S COMING, BIG BIG CHANGES AND SOON. REMEMBER MONEY HAS ONE AGENDA ONLY AND THIS NEW BANKING SYSTEM WILL NOT BE HINDERED BY POLITICS.
Leaked audio: Israeli leaders drew up plans to attack Iranian military
Jerusalem (CNN)Israeli leaders planned to attack military targets in Iran in recent years, but they were held back due to the opinions of other government and military leaders, according to an audio recording leaked to an Israeli television broadcaster.
One planned strike was canned after scheduling conflicts with a joint military exercise with the United States got in the way, according to the audio.
MVL: : "Strategic partner" http://www.iran-daily.com/News/125193.html
Very dynamic populace... http://www.wam.ae/en/news/emirates/1395284607853.html
Latin-America hook-up... http://news.xinhuanet.com/english/2015-08/23/c_134546246.htm
More Silk Road positive progress... http://gulftoday.ae/portal/23104ad3-d93f-4bc1-b6e8-be9956019d1b.aspx
wcinthai: Israel, Greece hope to grow closer economically despite differences
Greece’s foreign minister was in Israel when countrymen voted to reject austerity in July
About 400,000 Israelis vacation in Greece each year
Greek goods sold in Israel are largely food and building materials; Israel sells Greeks manufactured products Read more here: http://www.mcclatchydc.com/news/nation-world/world/article28859827.html#storylink=cpy
wcinthai: Greek FM; Israel one of Greece's closest friends in world, 'certainly in the region' http://www.jpost.com/Israel-News/Greek-FM-Israel-one-of-Greeces-closest-friends-in-world-certainly-in-the-region-408187
MY LADIES: BOTH COUNTRIES ARE ON THE MARITIME ROAD..AND TRADE WILL OPEN UP MORE IF CHINA DEVELOPS THE OTHER PORT IN GREECE.
MY LADIES: THE THING IS ISRAEL AND THE USA ARE GOING TO NEED TO LEARN TO PLAY NICE WITH OTHERS IN A BULLY FREE ZONE.
SOME ONE NEEDS TO SEND ISRAEL THE MEMO THE PNAC IS DEAD AND THE ONE BELT ONE ROAD INITIATIVE HAS TAKEN IT'S PLACE..
AW: the EU opening up in Erbil
European Union opens office in Erbil http://rudaw.net/english/kurdistan/230820153
AW: More interest in not just Iraq but the entire region.
MY LADIES: YES AW: BUT THEY HAVE AN OFFICE IN BAGHDAD SO AM I MISSING SOMETHING THAT THEY WANT TO OPEN IN ERBIL??
THERE ARE SEVERAL GOVERMENT OFFICES IN ERBIL.
WHAT AM I MISSING??
AW: Good questions............interesting that they would increase their presence in Kurdistan.
We sound like Columbo...."just one more question...."
MY LADIES: IF YOU NEEDED TO BE ON A FIELD DESK WOULD YOU WANT TO BE IN BAGHDAD OR ERBIL?? LOL...LOL..
AW: Exactly...........good point.
MY LADIES: BAGHDAD HAS THEIR GOVERNMENT...KURDISTAN HAS THEIRS
BAGHDAD HAS THEIR TRADE PARTNERS...KURDISTAN HAS THEIRS
THE ONLY THING BAGHDAD CONTROLS IS THE OIL
AW: There has to be a point to them increasing their presence..........we will have to wait and see.
MY LADIES: ERBIL HAS THEIR OWN CENTRAL BANK...THEIR OWN STOCK MARKET..THEIR OWN PRODUCE AND CHICKENS AND DATES AND FISH..AND THEIR OWN DEBTS….OK
AW: So treat them as their own........???? country???
MY LADIES: WELL XCEPT FOR THEIR MONEY SUPPLY AREN'T THEY ALREADY???
THEIR OWN GOVERNMENT, THEIR OWN MILITARY, THEIR OWN BANK...WHAT'S LEFT??
THEIR OWN MONEY...THEY DO NOT MAKE ENOUGH IN CHICKENS AND DATES AND FISH