EXOGEN: All great changes are preceded by chaos~ Deepak Chopra
EXOGEN: Is a Global Currency Reset Coming?
Janie > EXOGEN March 29, 2015 Bingo bango bongo..... Some Saturday in the middle of the night..... Hmmmm..... :)
Marc > EXOGEN EXO! BRAVO!! This video does explain the essence of where WE are and why ...Thank YOU!!!
Aloha Leslie A little tidbit I found - Published on Mar 24, 2015
"When will the Chinese make their next big move? Financial expert Alasdair Macleod says, “Their style is not to go in and disrupt markets. They act very, very quietly. You would hardly know they are there. This is certainly how they have handled their acquisition of gold. I don’t think they would want to be blamed for destabilizing western capital markets. What could happen is if we set a chain of events going that would lead to our own demise, then the Chinese would protect themselves."
EXOGEN March 29, 2015 at 2:14am
Australia confirms it will join China's Asian Infrastructure Investment Bank
Abbott government’s statement raises existing concerns about governance and transparency, reflecting divergent views within cabinet on the merits of joining
Australia’s prime minister, Tony Abbott, has confirmed his country will join the Asian Infrastructure Investment Bank, despite lingering concerns.
EXOGEN More countries say to join China-backed AIIB investment bank
March 29, 2015 at 4:19am
Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an institution seen as enhancing China's regional and global influence.
The AIIB, seen as a challenge to existing institutions the World Bank and Asian Development Bank, has drawn a cool response from the United States, despite which European U.S. allies including Britain, France, Germany and Italy have already announced they would join the bank.
Other countries such as Turkey and South Korea have also said they would join. Brazil, China's top trading partner, said on Friday it would sign up and that there were no conditions set. "Brazil is very interested in participating in this initiative," the office of President Dilma Rousseff said in a statement.
Russian First Deputy Prime Minister Igor Shuvalov, speaking on Saturday at a forum in Boao on the southern Chinese island of Hainan, said the country plans to join the AIIB, according to the official Xinhua news agency.
<p>Why is China pushing for the AIIB</p> <p>Jim McCaughan, CEO of Principal Global Investors, says the Asian Infrastructure Investment Bank (AIIB) is part of a bigger plan to endorse the yuan as a global reserve currency.</p>
Speaking at the same forum, Australian Finance Minister Mathias Cormann said the country was planning to apply to become a founding member, according to Xinhua.
And the Netherlands also plans to join, Dutch Prime Minister Mark Rutte said on his official Facebook page after a meeting with Chinese President Xi Jinping.
China's Finance Ministry said earlier on Saturday Britain and Switzerland had been formally accepted as founding members of the AIIB, a day after Brazil accepted China's invitation to join.
China's Finance Ministry said Austria had also applied to join and had submitted its documents to China.
"We should push forward with the creation of a regional hub for financial co-operation," Xi said at the forum, adding China should "strengthen pragmatic cooperation in monetary stability, investment, financing, credit rating and other fields."
The AIIB has been seen as a significant setback to U.S. efforts to extend its influence in the Asia Pacific region to balance China's growing financial clout and assertiveness.
EXOGEN March 29, 2015 at 4:16am
Global Currency Trading Principles Said to Be Ready for Release MONDAY
March 26, 2015
(Bloomberg) -- Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading, according to a person familiar with the document.
The “Global Preamble: Codes of Best Market Practice and Shared Global Principles,” inspired by a Financial Stability Board proposal in September, was ratified after consultations in eight markets around the world, according to the person, who asked not to be identified because the talks are private.
The global move to improve standards of behavior is part of an overhaul after allegations traders colluded to rig rates in the $5.3 trillion-a-day currency market. The list of principles was the first item for discussion at the annual global meeting of foreign-exchange committees that was hosted by the Bank of Japan on Monday, according to an agenda posted on the Federal Reserve Bank of New York’s website.
The delivery of the principles is on schedule after a consultation period that was slated to end this month. The proposal was circulated to local foreign-exchange market committees managed by central banks in Australia, Canada, Hong Kong, Britain, New York, Singapore, Tokyo and by the European Central Bank, which have backed the preamble, the person said.
In London, the world’s biggest currency market, the Bank of England’s Foreign Exchange Joint Standing Committee was presented the principles at a meeting on March 18 by the BOE’s Head of Foreign Exchange Michael Cross.
The FSB’s recommendations include requirements for systems and controls to develop and promote ethical behavior, and codes of conduct. In its Sept. 30 report, regulators had supported extending the width of the trading window used to calculate foreign exchange rates to five minutes from the one-minute windows in which the WM/Reuters rates, including the key 4 p.m. London fix, were being set.
The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information.
EXOGEN March 29, 2015 at 10:09am
De-Dollarization Continues As Russia Seeks AIIB Membership
EXOGEN March 29, 2015 at 10:03am
"We are getting a strong push to change quickly," Cyril Muller, vice president of the World Bank Group, said at the annual Boao Forum for Asia.
EXOGEN March 29, 2015 at 10:01am Speaking at the Boao Forum for Asia, World Bank Vice-President Cyril Muller announced that the new China-led bank has caused a push for reform, but denied that internal tensions have resulted.
Marc > OK, DOES EXO have to be more explicit than this:
It's IMPLEMENTATION TIME ...
Bathe in the Golden after Glow and get ready for the BANK ...
Tom Terrific wake up agenda! The Best way to Kick off Exchange Week... Question, who is that off in the distance? Why it's Santa in his full red suit arriving.
Exchange Plan with alternate scenarios, check.
Personal Trainer, check.
Advisory team with CPA, Wealth Manager, Legal Firm, check.
List of certified bank cheques, check.
Corporate structures, check.
Investments Strategy, in process.
Membership in S4a, in process.
EXOGEN March 29, 2015 at 4:26am
WATCH VIDEO =Exclusive interview with IMF Chief Christine Lagarde.
EXOGEN- Watch Video:
Major US allies join AIIB to establish New World Reserve Currency