PMac: What is February the 8th you ask??
Aside from the Chinese New Year??
Chipotle closing all stores for a food safety meeting!! LOL
http://money.cnn.com/2016/01/15/news/co ... y-meeting/
I'm expecting a plethora of intel to be confirmed on this crazy February the 8th!!!
Maybe not the whole enchilada... but we should probably be able to tell if it's the Red or Green sauce being served soon if you ask me!!
Frank26: You Funny ............ But this is not:
IOO ........... Conditions are RED at the moment to bring forth a GREEN.
Thunderhawk: MEGA ALERT
Non-Dollar Trading: Emerging Economies Deal a Heavy Blow to Petrodollar
Experts have given the petrodollar a fatal diagnosis. Falling crude prices have accelerated the petrodollar's demise, dealing a heavy blow to the system that has long facilitated the US dollar's world reserve currency status.
Emerging economies are abandoning the US dollar as a means of payment for oil, having shifted to national currencies.
"Ditching the dollar, Iran and India have agreed to settle all outstanding crude oil dues in rupees in preparation to future trade in their national currencies. The dollar dues — $6.5 billion equaling 55 per cent of oil payment — would be deposited in National Iranian Oil Co account with Indian banks," The Indian Express reported on January 5, 2016.
Half a year earlier, Russia's state-owned oil company Gazprom Neft announced that it had started settling shipments of crude to China in the renminbi (yuan). The strategy proved effective and Russia has become Beijing's top oil exporter, outpacing Saudi Arabia.
"Interestingly, part of Russia's success in China has been attributed to its willingness to accept Chinese yuan denominated currency for its oil. (And not, as others have suggested, because of any sort of allegiance to the Sino-Russo friendship.)," Elena Holodny of Business Insider noted in one of her latest articles.
Incredible as it may seem, experts recommend Saudi Arabia to follow Russia's example and switch from dollars to yuans:
"If Saudi Arabia wants to recapture its number one ranking, it needs to accept the renminbi for oil payments instead of just the dollar," Gordon Kwan, the Hong Kong-based head of regional oil and gas research at Nomura Holdings Inc. told Bloomberg back in June 2015.
What does it mean for the petrodollar?
"Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company — the end of the system that according to many has framed and facilitated the US Dollar's reserve currency status: the Petrodollar…," Tyler Durden of Zero Hedge, a news site for global finance, noted back in 2014.
It seems that the prognosis is about to come true.
In January 2016 Zero Hedge reported that the petrodollar's demise is obvious, bolstered by falling crude prices.
Citing Goldman Sachs, the global investment banking firm, the media outlet noted that "a new oil price 'equilibrium' (i.e. a sustained downturn) could result in a net petrodollar drain of $24 billion per month on the way to nearly $900 billion in total by 2018."
The end of the petrodollar recycling chain would affect the world's affairs tremendously, it added.
Simultaneously, China is pushing ahead with its Silk Road Fund and Asian Infrastructure Investment Bank (AIIB).
"China will push for the yuan to play a prominent role in the settlement of AIIB transactions and may look to establish special reserves in both the AIIB and Silk Road fund to issue yuan-denominated loans," the media-outlet emphasized, adding that in November 2015 SWIFT data indicated clearly that 15 new countries had joined a list of nations settling more than ten percent of their trade deals with Beijing in the renminbi.
The oil price slump has contributed to the first net outflow of petrodollars from financial markets with the prospect of a further drain. Meanwhile, experts observe the ascendancy of the renminbi.
Apparently, it is time to say goodbye to the petrodollar-based world order.
http://sputniknews.com/business/2016020 ... ading.html
Mountainman: Well, WELL, uh oh......Where's The PETRO WELL???.....is There A "CONTROL" Mechanism RISING to the MONETARY OLYMPIC STAGE......
The Old FIAT Blew an Engine.....Perhaps We are LOOKING for that GOLDEN ASSET Backed Beauty.....You Know the One C$ has on His Avatar....LOL....
Seriously...This means IMO.....A Major GLOBAL change that will Affect The US Economy and Prices on Everyday Products.....STRAP In This RIDE will be NO FUN.....ALL bets are OFF and CURRENCY Swaps will NOW begin between Countries Making TRADE DEALS w/each other.....Oh Boy COMPETITION.....And REAL ASSET VALUES will FINALLY let emerging Countries ARISE from the US FIAT ALBATROSS...
IMO Blessings, Mountainman
Poppy3 LOTS OF GREAT INFORMATION AND EVERY DAY FOR THE LAST FEW WEEKS
MILLIONDAY AND OTHERS HAVE CONTINUED TO SHARE STEP BY STEP SHOWING US COMPLETIONS OF SOMETHING INVOLVED WITH FINANCE.
I KNOW THIS IS OUR MONTH AND THEY WILL FINISH THIS MONTH AND TOLD THEY WILL ANNOUNCE A NEW DINAR RATE OR THEY HAVE LIED IN INK TO THE FINANCIAL WORLD GUIDES. ..
ALL THE NEWS MD [MILLIONDAY] HAS BEEN SHARING HAS LINED UP EXACTLY WITH WHAT HAS BEEN REVEALED.
OKRocks: Something is up.... US is cleaning up corrupt in Iraq and only the Iraq flag is allowed to be up... Maliki under house arrest with others...hmmm
US forces ordering the arrest warrants against the leaders of the popular crowd and some of the leaders of the National Alliance, including Qais al-Khazali and Moqtada al-Sadr and Abu Mahdi Mohandes and Hadi al-Ameri, It was also imposed house arrest for Nuri al-Maliki for submission to the trial and under the control of US forces.
was remove all the flags of the militias, including raising the Iraqi flag alone were told that the Americans gave the 48-hour deadline for Saraya and some militias to leave Samarra was done and raised Kravanathm and them.!
From Recaps Comment Section:
China has had total control of this game to bring down the fiat currency.
There are things that are extremely time sensitive at this point thus Bruce's silence on where we are. There are things in the background that are done.
Stop worrying about the banks. Sit back and watch what is about to happen as we enter into the New Year, the year of the Red monkey; a year that historically holds the elements of metal and water.
The metal is GOLD and water is wisdom. Just remember that we have also entered the age of Aquarius as of January 20th which by the horoscope ends on February 20th.We are still in the Jubilee.
On February 15th is the end of the Chinese New Year Day with the Lantern Festival Also least we forget St Valentine Day on February 14th. Yes ,he is considered the giver of LOVE but I recommend you read about this real saint recognized by the church.
This coming period will be loaded with all sorts of great surprises. In fact did you realize that this year's superbowl game ,which is being played on February 7th which is New Year's Eve is number 50 ,a golden age ! We are still in the end of the Chinese year of the sheep or GOAT which is a transition year to the year of 2016, the year of WEALTH.
Emailed to Recaps:
Recap from Bruce on the big Call Last night:
Chinese New Year diplomatically starts sunrise on Monday morning 2/8 in China.
However, technically the Chinese New Year starts on sundown Sunday 2/8 in China, which is Saturday night 2/7 in the USA.
Ironically, the 50th Superbowl kicks-off (aka the Golden Superbowl) at exactly the same time as the 50th Golden Jubilee Year ends.
Hopefully we'll be celebrating both events in the USA by Sunday night.
We must patiently wait and see what happens the rest of this week / weekend.
Know that If I have asked to be quiet about intel, there must be a very good reason.
We need to stay in a position of readiness & anticipation of this blessing.
The bible says there is a time to sow and time to reap, well guys… this is our time to reap.