My Ladies Private Chatroom Thursday Morning:
PrincessDD: IRAN:
Sanctions go, money flows: Iran agrees on $2 bln of projects with EU companies
EU foreign affairs chief, French FM to visit Iran next week; Germany announces plans to revive economic ties http://ift.tt/1Oza6Qo
Iran eyes $185 bln oil, gas projects after sanctions http://ift.tt/1Igo98g
When Sanctions Lift, How Will Iran Spend Its Billions?
http://ift.tt/1IoqlRt
....
PrincessDD: IRAN:
Sanctions go, money flows: Iran agrees on $2 bln of projects with EU companies
EU foreign affairs chief, French FM to visit Iran next week; Germany announces plans to revive economic ties http://ift.tt/1Oza6Qo
Iran eyes $185 bln oil, gas projects after sanctions http://ift.tt/1Igo98g
When Sanctions Lift, How Will Iran Spend Its Billions?
http://ift.tt/1IoqlRt
....
***********
Welcome the new kid to the international development bank block – the BRICS http://ift.tt/1Igo9oy
The New Development Bank (NDB) formed by the BRICS nations might be a game changer for India http://ift.tt/1MpF92T
BRICS bank to rival West financial system: Rodney Shakespeare
http://ift.tt/1LDrdk4
Gaining Ground: BRICS, SCO Blocs Acquire New Security, Economic Dimensions Read more: http://ift.tt/1IoqjZN
BRICS Bank, China’s AIIB Can be Mutually Beneficial - Brazil's Delegate Read more: http://ift.tt/1Igo9oB
************
PrincessDD: SILK ROAD:
PBOC injects $31 billion into 2 Silk Road-related policy banks
http://ift.tt/1IoqjZR
Princess DD: Singapore will benefit from development of Maritime Silk Road: Observers http://ift.tt/1TQmkqQ
Princess DD: The Singapore thread in new Silk Road weave http://ift.tt/1MlhUpO
Princess DD: Azerbaijan playing important role in ‘Silk Road’ project – US Department of State http://ift.tt/1Ioqkg6
*************
MVL: A portfolio percentage in Iraqi and Chinese bonds is looking positive, I think, with the massive Silk Road investment. This region is a day and night difference from the current, western perspective of crushing debt. Banking options to consider in either Singapore, or Hong Kong. That, and a second passport are on my list of things to research.
IQD NOVA: THERE WILL BE SIGNIFICANT MOVEMENT IN THE HONG KONG DOLLAR AS THIS NEW SYSTEM UNFOLDS AND IT LOSES ITS PEG TO THE USD!!
IF ONE WANTED TO..... WE ARE ABLE TO LOOK BACK OVER THE PAST THREE YEARS AND SEE THE TALK ABOUT HONG KONGS CURRENCY MOVING AWAY FROM THE USD
EVERY TIME IT LOOKED LIKE THE IRAN NUKE DEAL WAS GOING TO GET DONE!!
PrincessDD: I guess this is the real thing this time since the UN voted on it, Obama voted on it and Congress is ready to vote on it. Guess it is really a done deal this time around.
MVL: From my limited reading on the subject, pegs never last. When the Swiss yanked their last this past spring, it was only two days after their Finance Minister said, in public, that the peg was a foundational part of their economic strategy. The moment it was pulled, the market made some serious moves.
**********
PrincessDD: China Markets Live - Shanghai and Shenzhen finish over 2 ...... http://ift.tt/1VxfIPO
Bandito Rox: Iran preparing to enter WTO, set up preferential trade with EU
Published time: 23 Jul, 2015 12:19
Iran wants to join the World Trade Organization after putting the final signatures on a nuclear deal with the six world powers. Tehran is also interested in a preferential trade deal with the EU, says Industry Minister Mohammad Reza Nematzadeh.
"Iran is preparing to join the WTO, and one political obstacle has already been overcome. Tehran is also interested in the negotiations with the EU and Central Asian countries in establishing preferential treatment in trade," said Nematzadeh Thursday, speaking at a conference on investment and trade between Iran and the EU in Vienna.
http://ift.tt/1JgUYab
**********
MY LADIES RE......Princess DD: IRAN:
MY LADIES: THE DEAL WAS REACHED JUST 9 DAYS AGO AND IRAN HAS APPROVED MORE THAN 2 BILLION IN CONTRACTS SO FAR..LOL..LOL.. DO YOU STILL BELIEVE THIS DEAL WAS ABOUT NUCLEAR WEAPONS????
*Sanctions go, money flows: Iran agrees on $2 bln of projects with EU companies*EU foreign affairs chief, French FM to visit Iran next week; Germany announces plans to revive economic ties
http://ift.tt/1Oza6Qo
"Even in the past couple of weeks we have approved more than $2 billion of projects in Iran by European companies," he said, without naming any of the firms or providing further details on the deals.
MY LADIES: 185 BILLION IN THE NEXT 5 YEARS. WOW…THAT’S A LOT OF ZERO’S. THIS IS FROM MALAYSIA PAPERS REPORTING FROM VIENNA, NOW LEAVES ME TO WONDER WHY ARE WE NOT READING ABOUT ALL THESE DEALS IRAN IS DOING HERE?
OH WAIT WAIT…MAYBE BECAUSE OF WHO OWNS THE MEDIA HERE…HUMMM PROBABLY THEY NEED TO SELL THE NUCLEAR B.S. TO ALL THE STUPID CHUCKLE HEAD AMERICANS THAT JUST FOLLOW ALONG LIKE CHICKENS.
SO VERY SAD INDEED TO WATCH. NUCLEAR WEAPONS? THIS DEAL HAS NOTHING TO DO WITH NUCLEAR WEAPONS!
Iran eyes $185 bln oil, gas projects after sanctions
http://ift.tt/1Igo98g
VIENNA (July 23): Iran outlined plans on Thursday for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.
MY LADIES: DOES THIS DOG AND PONY SHOW INSULT THE INTELLIGENCE OF ANYONE ELSE???
Obama team attempts to persuade US lawmakers to endorse Iran nuclear deal (21 min ago)
Barack Obama’s administration has taken its Iran sales pitch to Capitol Hill where Republicans remain opposed and Democrats are yet to make up their minds
http://ift.tt/1LvBi4c
MY LADIES: SAUDI NOT OPPOSED…LOL..LOL…OH MY THE DOG AND PONY SHOW CONTINUES, WHILE WE ARE REPORTING THIS GIBBERISH SAUDI IS OFF SIGNING DEALS WITH RUSSIA TO THE TUNE OF 10 BILLION DOLLARS.
THEY ARE NOT OPPOSED TO THE DEAL BUT THEY SEE THE US BUS COMING DOWN THE ROAD ABOUT TO RUN THEM OVER SO THEY SEEK COMFORT IN RUSSIA REAL QUICK!
Saudi Arabia Approves of Iran Nuclear Deal, U.S. Defense Chief Says
http://ift.tt/1CQwUd7
Since then, President Obama has offered Saudi Arabia and smaller Arab states new support to defend against potential missile strikes, maritime threats and cyberattacks from Iran.
Derek Chollet, an assistant secretary of defense until this year, said in a telephone interview on Wednesday, “The Saudis in my time were never hellbent against the negotiations.”
“The conversations were never, ‘Why are you doing this?’” he said. “They just wanted to be sure we had their back.”
TB: I hope Iraq is taking notes of what their neighbor is doing. Maybe they will get up on that International stage and dance now \o/
DS: So Iran is giving the example to Iraq will Iran make the first move than Iraq will fallow?
*************
MY LADIES: RE: [7:41:11 AM Princess DD: CHINA:
MY LADIES: MOVING OVER TO CHINA, WOW GOOD NEWS HERE FOR SURE AND WE WANT TO SEE WHAT HAPPENED IN THE SILK ROAD TALKS TODAY TOO.
CHINA MOVING THROUGH AFRICA…..TRANSLATION….NEW BANKING SYSTEM MOVING THROUGH AFRICA!
Kenyan Bank Hosts China's Yuan Clearing Centre to Spur Trade
http://ift.tt/1Igo7gy
A Kenyan bank has opened a new branch that will host a clearing house for Chinese Renminbi (RMB) that would allow the settlement of trade deals to help boost economic growth.
The National Bank of Kenya (NBK) said the Premium Branch located at an upscale shopping mall, Yaya Centre, in Nairobi, will benefit traders as it would cut the costs they incur when converting from the Kenyan shilling to the Yuan.
"Africa should make sure that the RMB is internationally accepted for conversion from RMB and vice versa in order to balance trade between Africa and China," Mohamed said.
MY LADIES: THE TRAIN MOVES ON!! DO YOU UNDERSTAND WHAT WE ARE WATCHING??
MVL: It's headed toward the sandbox!
**********
PrincessDD: Closing Floor Trading Will Add to Liquidity Crisis http://ift.tt/1dwPlrc
European Business Reps Congregate on Iran Business Forum http://ift.tt/1gPYnBF
Princess DD: They are sooooo gonna push this thing through. I highly doubt they will leave billions of dollars on the table……It looks like a WIN-WIN for everyone.
PrincessDD: Iran Nuke Deal Heralds New Era in West Asia http://ift.tt/1Igo9oJ
Persian pivot: In plain English, it’s a done deal http://ift.tt/1Igo7gA
Nuclear Deal – The end of sanctions on Iran http://ift.tt/1Igo9oP
A Change In The IMF's Special Drawing Rights Could Be A Gold Price Game-Changer
Summary: If the Chinese yuan is accepted as a key participant in the IMF's Special Drawing Rights, this could be a major game-changer for the U.S. dollar and thus for gold.
Gold moves down on negative news, but doesn't recover the lost ground on positive news.
Being the world's reserve currency gives the USD enormous power, which is hugely beneficial to the U.S. economy. China wants a piece of this.
China is a much more positive force towards gold's place in the global economy than is the U.S.
http://ift.tt/1Igo7gC
**************
MY LADIES: YOU SEE WORDING AND REPORTING IS A BIT DIFFICULT AND CONFUSING AT TIMES. BRICS IS NOT IN COMPETITION WITH ANYONE.
THEY ARE THE SAME PEOPLE OPERATING IN A NEW SYSTEM. THEY WILL BE SUPPLEMENTING RIGHT NOW AND THE BANK IS IN USD UNTIL THE CHANGE OVER IS COMPLETE.
WE ARE WATCHING 2 SYSTEMS RUNNING TOGETHER SIDE BY SIDE BUT THEY WILL NEVER INTERMINGLE OR CROSS EACH OTHER.
THE NEW SYSTEM IS GAINING GROUND COUNTRY BY COUNTRY THE PROCESS WILL BE SLOW OR THE TRAIN WILL DERAIL. BUT THIS IS JUST AMAZING TO WATCH.
[7:52:27 AM] Princess DD: Welcome the new kid to the international development bank block – the BRICS http://ift.tt/1Igo9oy
The long-discussed and planned international bank backed by the world’s top emerging economies is up and running. The New Development Bank launched this week in Shanghai, China. It is touted as a direct challenge to the older World Bank and International Monetary Fund. But its backers offer a more humble vision.
“The NDB will supplement the existing international financial system in a healthy way and explore innovations in governance models,” said Chinese Finance Minister Lou Jiwei at the opening ceremony of the bank.
------------
MY LADIES: THIS IS A GAME CHANGER FOR EVERYONE NOT JUST INDIA, IN FACT THIS IS THE GAME. THE WHOLE NEW GAME WORKING TOGETHER FOR NOW WITH THE WORLD BANK AND THE OLD SYSTEM.
The New Development Bank (NDB) formed by the BRICS nations might be a game changer for India http://ift.tt/1MpF92T
The World Bank welcomed the opening of NDB. “We would like to congratulate Mr K V Kamath, President of the New Development Bank, and the founding members – Brazil, Russia, India, China, and South Africa – on this important occasion,” World Bank President Jim Yong Kim said in a statement.
“We are committed to working closely with the New Development Bank and other multilateral institutions, offering to share our knowledge and to co-finance infrastructure projects. These types of partnerships will be essential to reach our common goals to end extreme poverty by 2030, boost shared prosperity, and to reduce inequalities,” Kim said.
---------------
MY LADIES: THIS IS A GOOD READ FOR EVERYONE. TAKE SOME OF THE SENSATIONALISM AWAY AND THIS IS A GOOD DESCRIPTION OF WHAT THE NEW SYSTEM IS ALL ABOUT. EVERYONE PLAYS NICE AND NO BULLIES ALLOWED.
Gaining Ground: BRICS, SCO Blocs Acquire New Security, Economic Dimensions Read more: http://ift.tt/1IoqjZN
WE TALKED ABOUT THIS YESTERDAY
The economic researcher pointed out that the SCO's (The Shanghai Cooperation Organization) initiative aimed at joining both India and Pakistan will undoubtedly facilitate China's New Economic Silk Road plan to build a comprehensive infrastructure of high-speed railways and gas and oil pipelines throughout the region.
On the other hand, while the Obama administration is slogging its guts out to split Iran from its Eurasian partners, Tehran will most likely join the Shanghai Cooperation Organization after the embargo is lifted, "something that will give the SCO a major presence in the Middle East geographically," the historian noted.
MY LADIES: HUMMM SPLIT IRAN FROM IT’S EURASIAN PARTNERS???? WE DON’T THINK SO.
--------------------
MY LADIES: HUMMMM I THINK DIAL THIS DOWN A BIT TOO AND WE CAN UNDERSTAND THE EEU A LITTLE BIT BETTER.
Is the EEU Moscow's 'Trojan horse' to usurp Western power? http://ift.tt/1Ioqm7Z
It seems remarkable that a major regional economic association could blossom on Europe’s doorstep relatively unnoticed. Yet, that is exactly what has occurred with the ever-expanding Eurasian Economic Union (EEU), an alliance dominated by Russia with a supporting cast of immediate neighbours. While European attention has been fixed firmly on the uncertainty of a possible Greek default and its volatile impact on the European Union (EU), the EEU has been busy spreading its wings. And with it, under the radar, Russia’s bid to reassert its global influence has gathered pace. Should the West fail to sit up and take note, it will soon find its hegemony threatened. The EEU is poised not only to place Moscow front and centre on the world stage. It may also prove to be the perfect safeguard for any rogue state against Western power and influence.
**********
Farhad: Here is Armstrong's views on gold..."It ain't Over Until the Fat Lady Sings".
http://ift.tt/1Ioqkga
Welcome the new kid to the international development bank block – the BRICS http://ift.tt/1Igo9oy
The New Development Bank (NDB) formed by the BRICS nations might be a game changer for India http://ift.tt/1MpF92T
BRICS bank to rival West financial system: Rodney Shakespeare
http://ift.tt/1LDrdk4
Gaining Ground: BRICS, SCO Blocs Acquire New Security, Economic Dimensions Read more: http://ift.tt/1IoqjZN
BRICS Bank, China’s AIIB Can be Mutually Beneficial - Brazil's Delegate Read more: http://ift.tt/1Igo9oB
************
PrincessDD: SILK ROAD:
PBOC injects $31 billion into 2 Silk Road-related policy banks
http://ift.tt/1IoqjZR
Princess DD: Singapore will benefit from development of Maritime Silk Road: Observers http://ift.tt/1TQmkqQ
Princess DD: The Singapore thread in new Silk Road weave http://ift.tt/1MlhUpO
Princess DD: Azerbaijan playing important role in ‘Silk Road’ project – US Department of State http://ift.tt/1Ioqkg6
*************
MVL: A portfolio percentage in Iraqi and Chinese bonds is looking positive, I think, with the massive Silk Road investment. This region is a day and night difference from the current, western perspective of crushing debt. Banking options to consider in either Singapore, or Hong Kong. That, and a second passport are on my list of things to research.
IQD NOVA: THERE WILL BE SIGNIFICANT MOVEMENT IN THE HONG KONG DOLLAR AS THIS NEW SYSTEM UNFOLDS AND IT LOSES ITS PEG TO THE USD!!
IF ONE WANTED TO..... WE ARE ABLE TO LOOK BACK OVER THE PAST THREE YEARS AND SEE THE TALK ABOUT HONG KONGS CURRENCY MOVING AWAY FROM THE USD
EVERY TIME IT LOOKED LIKE THE IRAN NUKE DEAL WAS GOING TO GET DONE!!
PrincessDD: I guess this is the real thing this time since the UN voted on it, Obama voted on it and Congress is ready to vote on it. Guess it is really a done deal this time around.
MVL: From my limited reading on the subject, pegs never last. When the Swiss yanked their last this past spring, it was only two days after their Finance Minister said, in public, that the peg was a foundational part of their economic strategy. The moment it was pulled, the market made some serious moves.
**********
PrincessDD: China Markets Live - Shanghai and Shenzhen finish over 2 ...... http://ift.tt/1VxfIPO
Bandito Rox: Iran preparing to enter WTO, set up preferential trade with EU
Published time: 23 Jul, 2015 12:19
Iran wants to join the World Trade Organization after putting the final signatures on a nuclear deal with the six world powers. Tehran is also interested in a preferential trade deal with the EU, says Industry Minister Mohammad Reza Nematzadeh.
"Iran is preparing to join the WTO, and one political obstacle has already been overcome. Tehran is also interested in the negotiations with the EU and Central Asian countries in establishing preferential treatment in trade," said Nematzadeh Thursday, speaking at a conference on investment and trade between Iran and the EU in Vienna.
http://ift.tt/1JgUYab
**********
MY LADIES RE......Princess DD: IRAN:
MY LADIES: THE DEAL WAS REACHED JUST 9 DAYS AGO AND IRAN HAS APPROVED MORE THAN 2 BILLION IN CONTRACTS SO FAR..LOL..LOL.. DO YOU STILL BELIEVE THIS DEAL WAS ABOUT NUCLEAR WEAPONS????
*Sanctions go, money flows: Iran agrees on $2 bln of projects with EU companies*EU foreign affairs chief, French FM to visit Iran next week; Germany announces plans to revive economic ties
http://ift.tt/1Oza6Qo
"Even in the past couple of weeks we have approved more than $2 billion of projects in Iran by European companies," he said, without naming any of the firms or providing further details on the deals.
MY LADIES: 185 BILLION IN THE NEXT 5 YEARS. WOW…THAT’S A LOT OF ZERO’S. THIS IS FROM MALAYSIA PAPERS REPORTING FROM VIENNA, NOW LEAVES ME TO WONDER WHY ARE WE NOT READING ABOUT ALL THESE DEALS IRAN IS DOING HERE?
OH WAIT WAIT…MAYBE BECAUSE OF WHO OWNS THE MEDIA HERE…HUMMM PROBABLY THEY NEED TO SELL THE NUCLEAR B.S. TO ALL THE STUPID CHUCKLE HEAD AMERICANS THAT JUST FOLLOW ALONG LIKE CHICKENS.
SO VERY SAD INDEED TO WATCH. NUCLEAR WEAPONS? THIS DEAL HAS NOTHING TO DO WITH NUCLEAR WEAPONS!
Iran eyes $185 bln oil, gas projects after sanctions
http://ift.tt/1Igo98g
VIENNA (July 23): Iran outlined plans on Thursday for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.
MY LADIES: DOES THIS DOG AND PONY SHOW INSULT THE INTELLIGENCE OF ANYONE ELSE???
Obama team attempts to persuade US lawmakers to endorse Iran nuclear deal (21 min ago)
Barack Obama’s administration has taken its Iran sales pitch to Capitol Hill where Republicans remain opposed and Democrats are yet to make up their minds
http://ift.tt/1LvBi4c
MY LADIES: SAUDI NOT OPPOSED…LOL..LOL…OH MY THE DOG AND PONY SHOW CONTINUES, WHILE WE ARE REPORTING THIS GIBBERISH SAUDI IS OFF SIGNING DEALS WITH RUSSIA TO THE TUNE OF 10 BILLION DOLLARS.
THEY ARE NOT OPPOSED TO THE DEAL BUT THEY SEE THE US BUS COMING DOWN THE ROAD ABOUT TO RUN THEM OVER SO THEY SEEK COMFORT IN RUSSIA REAL QUICK!
Saudi Arabia Approves of Iran Nuclear Deal, U.S. Defense Chief Says
http://ift.tt/1CQwUd7
Since then, President Obama has offered Saudi Arabia and smaller Arab states new support to defend against potential missile strikes, maritime threats and cyberattacks from Iran.
Derek Chollet, an assistant secretary of defense until this year, said in a telephone interview on Wednesday, “The Saudis in my time were never hellbent against the negotiations.”
“The conversations were never, ‘Why are you doing this?’” he said. “They just wanted to be sure we had their back.”
TB: I hope Iraq is taking notes of what their neighbor is doing. Maybe they will get up on that International stage and dance now \o/
DS: So Iran is giving the example to Iraq will Iran make the first move than Iraq will fallow?
*************
MY LADIES: RE: [7:41:11 AM Princess DD: CHINA:
MY LADIES: MOVING OVER TO CHINA, WOW GOOD NEWS HERE FOR SURE AND WE WANT TO SEE WHAT HAPPENED IN THE SILK ROAD TALKS TODAY TOO.
CHINA MOVING THROUGH AFRICA…..TRANSLATION….NEW BANKING SYSTEM MOVING THROUGH AFRICA!
Kenyan Bank Hosts China's Yuan Clearing Centre to Spur Trade
http://ift.tt/1Igo7gy
A Kenyan bank has opened a new branch that will host a clearing house for Chinese Renminbi (RMB) that would allow the settlement of trade deals to help boost economic growth.
The National Bank of Kenya (NBK) said the Premium Branch located at an upscale shopping mall, Yaya Centre, in Nairobi, will benefit traders as it would cut the costs they incur when converting from the Kenyan shilling to the Yuan.
"Africa should make sure that the RMB is internationally accepted for conversion from RMB and vice versa in order to balance trade between Africa and China," Mohamed said.
MY LADIES: THE TRAIN MOVES ON!! DO YOU UNDERSTAND WHAT WE ARE WATCHING??
MVL: It's headed toward the sandbox!
**********
PrincessDD: Closing Floor Trading Will Add to Liquidity Crisis http://ift.tt/1dwPlrc
European Business Reps Congregate on Iran Business Forum http://ift.tt/1gPYnBF
Princess DD: They are sooooo gonna push this thing through. I highly doubt they will leave billions of dollars on the table……It looks like a WIN-WIN for everyone.
PrincessDD: Iran Nuke Deal Heralds New Era in West Asia http://ift.tt/1Igo9oJ
Persian pivot: In plain English, it’s a done deal http://ift.tt/1Igo7gA
Nuclear Deal – The end of sanctions on Iran http://ift.tt/1Igo9oP
A Change In The IMF's Special Drawing Rights Could Be A Gold Price Game-Changer
Summary: If the Chinese yuan is accepted as a key participant in the IMF's Special Drawing Rights, this could be a major game-changer for the U.S. dollar and thus for gold.
Gold moves down on negative news, but doesn't recover the lost ground on positive news.
Being the world's reserve currency gives the USD enormous power, which is hugely beneficial to the U.S. economy. China wants a piece of this.
China is a much more positive force towards gold's place in the global economy than is the U.S.
http://ift.tt/1Igo7gC
**************
MY LADIES: YOU SEE WORDING AND REPORTING IS A BIT DIFFICULT AND CONFUSING AT TIMES. BRICS IS NOT IN COMPETITION WITH ANYONE.
THEY ARE THE SAME PEOPLE OPERATING IN A NEW SYSTEM. THEY WILL BE SUPPLEMENTING RIGHT NOW AND THE BANK IS IN USD UNTIL THE CHANGE OVER IS COMPLETE.
WE ARE WATCHING 2 SYSTEMS RUNNING TOGETHER SIDE BY SIDE BUT THEY WILL NEVER INTERMINGLE OR CROSS EACH OTHER.
THE NEW SYSTEM IS GAINING GROUND COUNTRY BY COUNTRY THE PROCESS WILL BE SLOW OR THE TRAIN WILL DERAIL. BUT THIS IS JUST AMAZING TO WATCH.
[7:52:27 AM] Princess DD: Welcome the new kid to the international development bank block – the BRICS http://ift.tt/1Igo9oy
The long-discussed and planned international bank backed by the world’s top emerging economies is up and running. The New Development Bank launched this week in Shanghai, China. It is touted as a direct challenge to the older World Bank and International Monetary Fund. But its backers offer a more humble vision.
“The NDB will supplement the existing international financial system in a healthy way and explore innovations in governance models,” said Chinese Finance Minister Lou Jiwei at the opening ceremony of the bank.
------------
MY LADIES: THIS IS A GAME CHANGER FOR EVERYONE NOT JUST INDIA, IN FACT THIS IS THE GAME. THE WHOLE NEW GAME WORKING TOGETHER FOR NOW WITH THE WORLD BANK AND THE OLD SYSTEM.
The New Development Bank (NDB) formed by the BRICS nations might be a game changer for India http://ift.tt/1MpF92T
The World Bank welcomed the opening of NDB. “We would like to congratulate Mr K V Kamath, President of the New Development Bank, and the founding members – Brazil, Russia, India, China, and South Africa – on this important occasion,” World Bank President Jim Yong Kim said in a statement.
“We are committed to working closely with the New Development Bank and other multilateral institutions, offering to share our knowledge and to co-finance infrastructure projects. These types of partnerships will be essential to reach our common goals to end extreme poverty by 2030, boost shared prosperity, and to reduce inequalities,” Kim said.
---------------
MY LADIES: THIS IS A GOOD READ FOR EVERYONE. TAKE SOME OF THE SENSATIONALISM AWAY AND THIS IS A GOOD DESCRIPTION OF WHAT THE NEW SYSTEM IS ALL ABOUT. EVERYONE PLAYS NICE AND NO BULLIES ALLOWED.
Gaining Ground: BRICS, SCO Blocs Acquire New Security, Economic Dimensions Read more: http://ift.tt/1IoqjZN
WE TALKED ABOUT THIS YESTERDAY
The economic researcher pointed out that the SCO's (The Shanghai Cooperation Organization) initiative aimed at joining both India and Pakistan will undoubtedly facilitate China's New Economic Silk Road plan to build a comprehensive infrastructure of high-speed railways and gas and oil pipelines throughout the region.
On the other hand, while the Obama administration is slogging its guts out to split Iran from its Eurasian partners, Tehran will most likely join the Shanghai Cooperation Organization after the embargo is lifted, "something that will give the SCO a major presence in the Middle East geographically," the historian noted.
MY LADIES: HUMMM SPLIT IRAN FROM IT’S EURASIAN PARTNERS???? WE DON’T THINK SO.
--------------------
MY LADIES: HUMMMM I THINK DIAL THIS DOWN A BIT TOO AND WE CAN UNDERSTAND THE EEU A LITTLE BIT BETTER.
Is the EEU Moscow's 'Trojan horse' to usurp Western power? http://ift.tt/1Ioqm7Z
It seems remarkable that a major regional economic association could blossom on Europe’s doorstep relatively unnoticed. Yet, that is exactly what has occurred with the ever-expanding Eurasian Economic Union (EEU), an alliance dominated by Russia with a supporting cast of immediate neighbours. While European attention has been fixed firmly on the uncertainty of a possible Greek default and its volatile impact on the European Union (EU), the EEU has been busy spreading its wings. And with it, under the radar, Russia’s bid to reassert its global influence has gathered pace. Should the West fail to sit up and take note, it will soon find its hegemony threatened. The EEU is poised not only to place Moscow front and centre on the world stage. It may also prove to be the perfect safeguard for any rogue state against Western power and influence.
**********
Farhad: Here is Armstrong's views on gold..."It ain't Over Until the Fat Lady Sings".
http://ift.tt/1Ioqkga
Princess DD: GREECE & EUROZONE
MY LADIES: SO HERE WE GO AGAIN…THE WHEELS ON THE BUS GO ROUND AND ROUND…I THINK WITH ALL THESE DEALS GERMANY IS MAKING WITH IRAN IT WILL BE THEM TO LEAVE THE EURO ZONE FIRST. THE EURO CAN NOT BUY A TICKET ON THE SILK ROAD TRAIN, SO SOMETHING ELSE WILL NEED TO BE DONE.
Greece Faces August Deadline After Tsipras Meets Creditor Terms http://ift.tt/1Ioqmoc
Greek Prime Minister Alexis Tsipras’s 4 a.m. win in Parliament sets the clock ticking on yet another make-or-break deadline: this time it’s Aug. 20, when Greece has to make its next major payment to the European Central Bank.
Negotiations between Greece and its creditor institutions, which will start work in Athens soon, should begin swiftly
MY LADIES: SO GREECE BORROWED MORE MONEY FROM THE PEOPLE THEY OWE MONEY TO IN ORDER TO PAY THE FIRST LOANS TO THE SAME PEOPLE. UMM HUMMM GOT IT!! AND WHY NOT? WHAT COULD POSSIBLE GO WRONG HERE?
[7:49:26 AM] Princess DD: Greek parliament approves new creditor-demanded reforms, clearing way for bailout talks
http://ift.tt/1VyaNhy
THENS, Greece (AP) — Greece's radical left-led government survived another revolt by rebels in the early hours of Thursday, passing reforms that should pave the way for the imminent start of bailout discussions with European creditors.
The reforms to the judiciary and banking systems were the final hurdle the country had to clear before talks can start over a third bailout worth around 85 billion euros ($93 billion).
Without the money Greece would be unable to pay the debts due over the coming three years and would likely be forced to leave the euro, Europe's shared currency.
MY LADIES: SO HERE WE GO AGAIN…THE WHEELS ON THE BUS GO ROUND AND ROUND…I THINK WITH ALL THESE DEALS GERMANY IS MAKING WITH IRAN IT WILL BE THEM TO LEAVE THE EURO ZONE FIRST. THE EURO CAN NOT BUY A TICKET ON THE SILK ROAD TRAIN, SO SOMETHING ELSE WILL NEED TO BE DONE.
Greece Faces August Deadline After Tsipras Meets Creditor Terms http://ift.tt/1Ioqmoc
Greek Prime Minister Alexis Tsipras’s 4 a.m. win in Parliament sets the clock ticking on yet another make-or-break deadline: this time it’s Aug. 20, when Greece has to make its next major payment to the European Central Bank.
Negotiations between Greece and its creditor institutions, which will start work in Athens soon, should begin swiftly
MY LADIES: SO GREECE BORROWED MORE MONEY FROM THE PEOPLE THEY OWE MONEY TO IN ORDER TO PAY THE FIRST LOANS TO THE SAME PEOPLE. UMM HUMMM GOT IT!! AND WHY NOT? WHAT COULD POSSIBLE GO WRONG HERE?
[7:49:26 AM] Princess DD: Greek parliament approves new creditor-demanded reforms, clearing way for bailout talks
http://ift.tt/1VyaNhy
THENS, Greece (AP) — Greece's radical left-led government survived another revolt by rebels in the early hours of Thursday, passing reforms that should pave the way for the imminent start of bailout discussions with European creditors.
The reforms to the judiciary and banking systems were the final hurdle the country had to clear before talks can start over a third bailout worth around 85 billion euros ($93 billion).
Without the money Greece would be unable to pay the debts due over the coming three years and would likely be forced to leave the euro, Europe's shared currency.
via Dinar Recaps - Our Blog http://ift.tt/1Ioqkgd
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