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Showing posts with label trade. Show all posts
Showing posts with label trade. Show all posts

Thursday, May 5, 2016

Billionaire investor with one of best track records in the world goes big into gold over dollar

There is an old saying that goes, if you want to be rich, do what the rich do.  And while less than 1% of the American people have any allocation in gold in their savings or retirement portfolios, a billionaire investor with one of the best investing track records in the world has not only gone big time into gold, but believes it will be the best trade in light of devaluing currencies, and central bank interventions.

Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said the bull market in stocks has "exhausted itself" and that gold is his largest currency allocation. 
Druckenmiller, speaking at the Sohn Investment Conference in New York on Wednesday, said while he’s been critical of Federal Reserve policy for the last three years he expected at that time it would lead to higher asset prices. 
“I now feel the weight of the evidence has shifted the other way; higher valuations, three more years of unproductive corporate behavior, limits to further easing and excessive borrowing from the future suggest that the bull market is exhausting itself,” said Druckenmiller, who averaged annual returns of 30 percent from 1986 through 2010 at his Duquesne Capital Management. 
As bankers experiment with "the absurd notion of negative interest rates," Druckenmiller said, he’s wagering on gold. “Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation," he said, without naming the metal. - Bloomberg

Sunday, May 1, 2016

Zimbabwe becomes newest economy to demand an end to sanctions against Russia

Earlier this week, a majority of France’s parliament voted to end their nation’s policy of Russian sanctions in light of a continuing deterioration in their economic output.  And on April 30 another economy, this one from Africa, joined its voice in calling for an end of trade restrictions against Russia that were forged out of Washington’s desire for a resurgence of a cold war against Moscow.
The condemnation of current and ongoing sanctions on Russia by the U.S. was provided by Zimbabwean Foreign Minister Simbarashe Mumbengegwi, who spoke out against Washington during trade talks with Russian Industry and Trade Minister Denis Manturov.
chna africa trade
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Monday, April 25, 2016

Hong Kong gold exchange expanding into Chinese free trade zones

With the establishment of a new gold price mechanism at the Shanghai Gold Exchange earlier this week, the wheels are now being set in motion for expanding the use of gold and gold services throughout every part of China’s dominion.  And on April 24, the Hong Kong gold exchange teamed up with the world’s second largest bank, the Industrial and Commercial Bank of China (ICBC), to launch physical gold exchange services in the first of many free trade zones.

China has already announced that all along the new Silk Road, and in free trade zones that they are creating with local and international partners, banking facilities would be constructed to aid in both trade and commercial investment, which over time would promote the use of gold in the process.

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Wednesday, April 20, 2016

Chinese gold fix just the fist step in a two year plan to move away from dollar hegemony

Analysts in Hong Kong admitted on April 20 that the implementation of the new Chinese gold fix is just the first step in a multi-year plan to move the Far Eastern economy completely away from the dollar, and back to a gold backed monetary system.

The new gold pricing mechanism that started on April 19 at the Shanghai Gold Exchange will allow China to eventually move all price discovery away from London and the U.S., and then use their authority to bring gold back into the trade and currencies over the next few years.


China's shift to an official local-currency-based gold fixing is "the culmination of a two-year plan to move away from a US-centric monetary system," according to Bocom strategist Hao Hong. In an insightfully honest Bloomberg TV interview, Hong admits that "by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars." Gold, silver, and petroleum "are the three USD-based commodites that China wants most control of" according to Hong but "gold in particular is one of the commodities that China is hoarding very hard." - Zerohedge

Sunday, April 17, 2016

China's gold accumulation has always been about strengthening the Yuan for global use

As many precious metal holders and investors watch with great interest for this Tuesday's expected announcement of a new Yuan denominated gold price, the rest of the world remains ignorant to the long-term reasons why China has been accumulating gold, and even pushing their people to buy the precious metal.  It is because as the Yuan becomes ready for greater international use in the very near future, gold has been the key for not only its foundation, but also the means to rocket the currency to the top in global use and trade.


More of China’s gold strategy was revealed by the recent launch of the Shanghai International Gold Exchange (SGEI) that offers gold trading in renminbi for clients worldwide, in an attempt by China to strengthen the internationalisation of the renminbi. In itself the SGEI clearly underlines China’s gold ambitions16, but the punch line was added with the launch of the Silk Road Gold Fund in 201517. Led by the SGE(I), the $16 billion fund will boost the gold industry along the Silk Road and in turn “will facilitate gold purchases for the central banks of member states to increase their holdings of the precious metal”, according to the Chinese state press agency Xinhua18. Not only is China trying to persuade all mining and consumption of gold along the Silk Road economic project to be settled through the SGEI in renminbi, additionally the Chinese promote gold as an essential component of central banks’ international reserves going forward. 
We must conclude that the State Council views gold as part of the coming international monetary system. Why else does it quickly develop the domestic gold market to be embedded in financial markets, surreptitiously accumulate vast gold reserves and establish a framework to boost gold business on the Eurasian continent around the SGEI? In my view, China contributes significant value to its gold strategy in the shadow of the apparent failure of the current fiat monetary system. And if true, China’s central bank having nearly 4,000 tonnes of gold is well on its way to introduce the next phase. - All China Review

Wednesday, March 23, 2016

After losses of over $20 billion, German businesses ready to end EU sanctions against Russia

As we have mentioned many times before, the economic symbiosis between European industry and Russia cannot be downplayed lightly since each earns billions of dollars per year in their transfers of energy and goods.  And going into the third year of U.S. imposed sanctions with Russia over the Kiev coup that Europe has summarily joined in with, the costs are continuing to climb to the point where businesses and politicians are now are extreme odds with one another on keeping these sanctions intact.
On March 21, Germany’s Chamber of Commerce for Russian-German trade spoke out against the continuation of ongoing sanctions, and cited annual losses of nearly $20 billion that are bringing serious harm to the German economy as Europe moves into a new recession.

Read more on this article here...

Thursday, March 17, 2016

Silk road to have a strong gold component in both development and trade

Late last month, a document published over at the Shanghai Gold Exchange (SGE) reported on new agreements made between Kazakhstan and China regarding development and trade along the Silk Road initiative.  And at the core of these talks was the need for a strong gold component, both in development of the global overland and route, and in the foundation of trade.

In essence, what this validates is that there is now a strong belief that sometime in the future, trade along the Silk Road will be done using gold for payments rather than currencies.

A group led by Kairat Kelimbetov, the Chairman of the Board of Directors of the Kazakhstan International Financial Center, visited the Exchange 
At noon on 26 February 2016 a group led by Kairat Kelimbetov, President of the Astana International Financial Center and former President of the National Bank of Kazakhstan, visited the Shanghai Gold Exchange and held talks with President Jiao Jinpu. Both parties reached consensus on strengthening cooperation and seeking development in the gold market under the “One Belt One Road” project. Zuo Qihan, Kazakhstan consulate general in Shanghai, Shen Gang, Vice General Manager of the Exchange and Zhuang Xiao, CTO, attended the meeting. - Bullionstar

Tuesday, February 16, 2016

Oklahoma to offer bill to create a new gold bullion depository to facilitate use of gold and silver

Back in 2014, Oklahoma joined three other states in recognizing gold and silver as legal tender (money), and on Feb. 1, the state legislature created Bill SB1296 to formulate plans to create a sovereign bullion depository under the office of the Treasurer to help facilitate the use of gold and silver in commerce and trade.


OK SB1296
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 1 2016 - 25% progression
Action: 2016-02-02 - Referred to Appr/Sub-General Government and Transportation
Pending: Senate Appropriations General Government and Transportation Sub Committee
Hearing: Feb 17 @ 7:00 pm in Room 419-A & B
Text: Latest bill text (Introduced) [PDF]
Summary
Oklahoma Bullion Depository; establishing Depository in Office of State Treasurer; providing procedures. Effective date. - Legiscan

Tuesday, February 9, 2016

Removal of sanctions on Iran have suddenly made the Middle Eastern economy the new frontier

The nation of Iran has waited close to a decade to remove their U.S. imposed shackles and break out of sanctions that forced the oil producer to seek revenues from black market mechanisms.  But in just a few short months since Washington signed an agreement with Tehran to have their sanctions lifted, they are suddenly being courted by countries desperate to find a new market for their exports.
And like Africa was in the 19th century, Iran is suddenly emerging as a new frontier.
France:
Iran is exporting 300,000 barrels of oil daily to European countries, Oil Minister Bijan Zangeneh said. The National Iranian Oil Company (NIOC) will soon finalize an agreement with France’s Total to sell 160,000 barrels a day to the company.
The minister added that the contract will be officially signed on February 16.
In addition to purchasing Iranian oil, “Total has indicated its readiness to take part in the development of South Azadegan oil field and Iran LNG project,” he was quoted by PressTV.
The necessary information on the projects will be provided to Total, and then the French oil giant will offer its proposals to the Iranian side. - Sputnik News

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Saturday, February 6, 2016

People revolt after 12 nations sign the Trans-Pacific Partnership (TPP) agreement

It is interesting to dissect which governments and nation states are simply vassals of Washington hegemony, and which actually put their people and priorities first.  Earlier this week a German court ruled that a major provision within the TTIP is without cause because corporations shouldn’t have, and don’t need a separate non-sovereign court system to mediate over financial disputes between companies and governments.  But on the other side of the pond, countries residing under U.S. dominion as Pacific Rim economies met in New Zealand and happily signed away their own sovereignty by agreeing to the terms of the Trans-Pacific Partnership (TPP).
The TPP is a trade agreement which was written under the cloak of secrecy, and carries with it new and powerful tools to allow corporations to stand outside the authority of nations and borders, and to even be allowed to sue a country if that government enacts policies that might cause fiduciary harm to those corporations.
In response to this, thousands of people in New Zealand protested the signing of this agreement.

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Thursday, February 4, 2016

Got Karatbars? Revaluation of gold and gold price may be only thing to save international trade

While most people have heard of Warren Buffett, Bill Gates, and Carlos Slim in the pantheon of global billionaires, very few outside the financial industry know the name of Hugo Salinas Price.  But for everyone who owns gold or silver, that name is someone you definitely want to become familiar with.

This is because Hugo Salinas is a strong advocate of a return to the gold standard, and has in recent years been working with the Mexican government (his homeland) to begin using precious metals in their monetary system.  And in a recent essay he penned at his blog Plata, Salinas Price lays out the foundation of a global revaluation of gold, primarily since it may be the only salvation for international trade as the ongoing currency war reaches its final days.

The current melt-down of the world's debt bubble is likely to continue in the course of the next months. The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by any of the Central Banks (CB) that issue reserve currencies will do anything at all to reverse that trend. 
Sandeep Jaitly thinks that the desperate reserve-issuing CBs - the US Fed, the ECB, the Bank of England and the Japanese CB - may resort to programs of QEP, by which he means "Quantitative Easing for the People". This quantitative easing will mean putting money into the hands of the populations by rebates on taxes, invented make-work schemes or any other excuse to furnish the people with the famous "helicopter money", to get them to spend. 
As the present crisis deepens and given our experience with the way our so-called “economists” think, we can reasonably expect such programs to be launched. 
Nevertheless, the present trend of world economic contraction will not be reversed by any ad hoc program. The world’s expectations - positive for growth since WW II - have turned negative. This is an event of such magnitude that no “QE” will have any effect upon the final outcome: debt collapse. 
Whatever expedients are implemented, the final outcome of the unprecedented economic contraction in the world will have to be the revaluation of gold reserves, as desperate governments of the world resort to gold to preserve indispensable international trade. The revaluation of gold reserves held by Central Banks will be the only alternative for countries seeking to retain a minimum of international trade to supply their economies, whether they are based on agriculture, on manufacturing or on mining. 
We do not know the true amount of gold held by the world's central banks, because it is a closely held secret. However, we need not know that figure. Whatever gold there is in CB vaults will be sufficient, for the reasons we have given. 
Nor do we know at what price, in dollars, the price will be set, or how it will be set. 
However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world. - Plata

(Smaug the Dragon from The Hobbit calls for a return to the gold standard)


So if the only real alternative for the crisis that is overtaking global economies
is to return to an environment where gold re-emerges as the foundation for currencies and trade, how can you protect yourself and even come out ahead when this system is implemented, and when gold is revalued to a value far above its current price?

You can do this with a company called Karatbars



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Wednesday, December 23, 2015

Zimbabwe dollar? Welcome to the future of the Zimbabwe Yuan

On Dec. 22, one of the most infamous economies in the world over the past 20 years may soon be divesting themselves of dollar hegemony and moving over into the camp of the Chinese Yuan.  In a move dedicated towards strengthening both monetary and trade ties with the Far East power, Zimbabwe’s Finance Minister said that very soon the Yuan could be used as one of many currencies within the African nation’s economy, and help support their financial system by including it in a basket that already allows use of the dollar in everyday transactions.
Zimbabwe of course is well known for entering into a hyper-inflationary environment so great, a $100 trillion Zimbabwe note could barely buy a citizen a couple eggs, and other nominal type item.

Read more on this article here...

Tuesday, December 15, 2015

China’s Belt and Road initiative may even go as far as Mexico

China’s re-creation of the ancient ‘Silk Road’ trade route across the Eurasian continents is more than a simply a super highway from South Korea to London… it is an organizational structure that is intended to both develop and operate trade and banking hubs in countries all along the global route.
Known also as the Belt and Road initiative, the idea of an overland and connected seaward trade construct is now peaking the interest of a North American economy, who’s long standing partnership with the U.S. may soon be split between them and the growing economic power hailing from Asia.  This is because in a new report on Dec. 14, Mexican authorities announced they want to cultivate even greater productivity and trade with China, and increase their exports to the Far Eastern economy well above the current 2% it now does in annual trade.

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Thursday, December 10, 2015

China dumps more dollars, holds reserves at lowest level in nearly three years

As China continues to prepare and expand the Yuan for full internationalization, there is less and less need for them to hold massive amounts of dollars as a reserve for their financial system.  And while the Chinese central bank has rightly chosen not to dump their treasuries onto the market in one massive sale, their slow dissolution of their dollar reserves has the country holding the fewest it has held in almost three years.
In November, China dumped another $87.2 billion in treasuries and t-bills, dropping their overall reserves to $3.44 trillion, which is their lowest level since February of 2013.

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Saturday, December 5, 2015

With new Chinese (Swift) system, yuan use in Japan has doubled in the last year

It is one thing when China’s new internationalization becomes a part of the emerging market economies, but it is something very different when it begins to make headway into long-standing dollar strongholds such as Europe and Japan.  And with China’s new found recognition as a global reserve currency in the IMF’s SDR basket, and the creation just a few months ago of an alternative SWIFT (CIPS) system, that is exactly what is now happening as Yuan use in trade with Japan has doubled in just the past year alone.
Japan has been entrenched with the dollar ever since the end of World War II, as has most of the world because of Bretton Woods, and the polar reserve currency system.  But as China took over the reins as the number one producer in the entire global economy, the desire to end use of the dollar as a middleman has led more and more nations to seek the ability to have direct bi-lateral trade with the Yuan currency, and 2015 has been the year of this breakthrough.

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Wednesday, October 21, 2015

Forget Syria, Iran and Saudi Arabia moving into Russian camp

One of the most poignant and important things about the ongoing Russian occupation in Syria is that President Assad invited Putin to send in troops and arms to fight Islamic terror groups, while the U.S. led ISIS and militant rebels are little more than rogue offenders seeking to illegally bring down a sovereign government.  And despite all the rhetoric being used against Russia by the Western media, support within the Middle East is actually more on the side of Putin than it is on Washington.
And because of this growing support, nations outside of Syria, and even ones that were once strongly in the American camp, are suddenly changing course and are seeking new trade and financial agreements with the Eurasian power that could completely change the landscape of the Middle East.

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Friday, October 16, 2015

In just a few short months, China’s internationalization of the Yuan growing in massive leaps

Despite the fact that the IMF chose in August to delay for a year the inclusion of the Yuan as part of their Special Drawing Rights (SDR) basket of currencies, their extension may be closing sooner than many thought.  This is because in just a few short months, internationalization of the Yuan has accelerated to a total of 9.9 trillion in loans, which is just the spark needed by the world’s largest productive economy to gear towards a critical mass in Yuan usage, and making its inclusion into the SDR a sure thing.
In fact, the IMF is planning to once again take a look at bringing in the Chinese Yuan to the SDR as early as November when they analyze the amount and rate of Chinese monetary reforms and actions that have driven it to become the 4th most used currency in the world.

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Monday, September 28, 2015

China adds new Eurasian country into its fold of bi-lateral currency and trade nations

On Sept. 27 China announced a new agreement with the nation of Georgia to conduct currency swaps and direct bi-lateral trade using each others currencies.  This move adds another nation into the fold of trade partners that will function outside the dollar, and widens the growing cracks that are hemorrhaging within the polar dollar reserve currency system.
Since 2013, China, along with the rest of the BRICS nations, have embarked on a global effort to bring a return to bi-lateral trade and end the singular reserve currency system that has been part of America’s hegemony for more than 70 years.  And with recent agreements signed last week with Britain and Argentina, this new one with Georgia will also help bandage sour relations they have with Russia since it will engender trade among the BRICS countries that doesn’t necessarily affect geo-political grievances.

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Monday, September 21, 2015

As the U.K. mulls leaving the EU, new agreements with China show direction of next global system

When Prime Minister David Cameron’s Tory party won the last British election with a resounding mandate, a key component of this was tied to a future referendum vote on whether to leave the European Union, or remain in its political sphere for the foreseeable future.  But as Europe, the U.S., and most Western financial entities are beginning to financially breakdown, and show no signs of ending their money printing schemes, Britain is again looking Eastward and towards the Yuan as a serviceable replacement for the Euro or even the dollar.
The City of London is considered one of the three primary financial centers in the global economy, and when they decided over the past year to create a Yuan swap line and facilitate the selling of RMB denominated bonds, the writing was on the wall that Britain was going to look out for itself despite attempts by the Eurozone to lash together all nations under a singular monetary policy.

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Friday, September 4, 2015

U.S. sanctions on Russia backfiring as Japan looks to increase Rouble-Yen swaps

Ever since the end of World War II, Japan has been little more than a vassal state for Washington, and all one has to do is look at a recent financial scheme in which the Far Eastern economy sold out its own people to the U.S. by allowing all their pension funds to be replaced with dollar based Treasuries.
Yet even as Koruda and Abe raise their hands in salute to their Western masters in most things financial, one policy that the U.S. has imposed upon the world is forcing Japan to re-evaluate their own programs and it may be beginning with their trade agreements they have with Russia.
Japan Bank for International Cooperation (JBIC) is turning to currency swaps as using the US dollar in transactions is difficult because of the Western anti-Russia sanctions, the bank’s senior managing director said answering a question from Sputnik. 
“We’re now studying that [the effects of ruble devaluation]. We need some of the swap arrangements with the local banks. We are elaborating opportunities with Russian banks such as Gazprombank, VTB, VEB… Because of the US sanctions, we cannot use the US dollar anymore, we have to switch to other currencies,” Tadashi Maeda said on Thursday, speaking after a conference at the Eastern Economic Forum (EEF) in the Russian city of Vladivostok. - Sputnik News

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