Post From KTFA by Memphis » March 28th, 2014,
Folks, there is an acceleration taking place, it is such a quiet one tho that few will even recognize the world's sprint from the $....
question: Did everyone study this post from page #4? If no, then I propose that YOU'RE among the many. Blessings, Memphis
stochastics wrote on March 28th, 2014, Frankfurt becomes Europe's first renminbi payment hub
FRANKFURT, March 28 Fri Mar 28, 2014 11:45am EDT
(Reuters) - The central banks of Germany and China signed an agreement on Friday to facilitate transactions in the Chinese currency in Frankfurt, the Bundesbank said, making Germany's financial capital the first hub for such payments in Europe.
The Bundesbank and the People's Bank of China signed a memorandum of understanding during Chinese President Xi Jinping's state visit to Germany on Friday, ahead of a similar agreement between China and Britain expected on Monday.
"This will make it much easier for the German real economy to clear and settle payments denominated in renminbi, marking a major step forward in intensifying Germany's economic relations with China", Bundesbank board member Carl-Ludwig Thiele said.
Post by baghdadbll » March 28th, 2014, MEMPHIS I SENT YOU A PM EARLIER: HERES ANOTHER ONE ABOUT WHAT YOU GUY ARE TALKING ABOUT
Post by quattro1 » March 28th, 2014, Humm ... interesting that the IMF Chief Economist uses the word "CRISIS" in this context. Remember who else uses the word "CRISIS" to further their agenda?
Simply manufacture a crisis ... and be ready in the wings to offer a solution.
Brother Memphis -- you are exactly right. What these folks desire to do is to feed us mountains of soda-crackers ... until everyone is parched enough to drink their Kool-Aid. God speed to you and thanks for all that you do!
Post by Memphis » March 28th, 2014, Purifiers, I was interested in your post #85 but the video appears to have been scrubbed! Blessings, Memphis
Purifiers wrote on March 28th, 2014, IMF Chief Economist Olivier Blanchard on Global Markets 3-27-14
Listen to this video... at 45 seconds into it.... while reading my transcription (below) by me, that is best I can do... or better said (IMO) ... :hangloose:
"I mean.... you have to... realize..... this is the mother of all CRISIS... RIGHT?... so... the way out... is FAR from obvious... you have... your policies WE HAVE NEVER TRIED.... you have a banking system ...
a financial system which took... BIG HITS.... you have "regulation" coming in... the banks don't quite know how to handle it... so there is going to be a "LOT" of uncertainty along the way...
In terms of.... REVISIONS of FORECASTS, We ALWAYS revise one way or the other, we never get it right.... the ahhh... the revision I think is relatively small this time......
I don't see big news in MOST of the revisions...EXCEPT .... probably for EMERGING MARKET COUNTRIES... where ... there we have revised NOW.... for the rest....actually.... it's not so bad... I mean... it's relatively stable.... as these things go.........."
(listen to the video for the rest of the conversation)
Interesting interview -- Purifiers