Post From Wealthwatch.world Chat Room 7-20-15 Part 1 of 2
Donnie: http://ift.tt/1Ig4njv
Dianne777: GOOD MORNING SUSHINERS, R WE THERE YET?
ladyJ: Donnie, what is the graph about?
Donnie: Confused by the euro? Watch the German bond market for clarity.
Doug_W: its paraleling it
Donnie: Shows that the eur is falling in tandem with the German bond market.
Donnie: click the folder icon above the B - bottom left corner, click My Files, click the little "upload file" in white letters, find your pic file on ur computer, click OPEN. then the file will appear in your folder. to post it click the 2 squares above the X next to the file name.
~~~
Donnie: http://ift.tt/1Ig4njv
Dianne777: GOOD MORNING SUSHINERS, R WE THERE YET?
ladyJ: Donnie, what is the graph about?
Donnie: Confused by the euro? Watch the German bond market for clarity.
Doug_W: its paraleling it
Donnie: Shows that the eur is falling in tandem with the German bond market.
Donnie: click the folder icon above the B - bottom left corner, click My Files, click the little "upload file" in white letters, find your pic file on ur computer, click OPEN. then the file will appear in your folder. to post it click the 2 squares above the X next to the file name.
~~~
Donnie: LAST MODIFIED: MON, JUL 20 2015. 12 49 AM ISTHOME» INDUSTRY After Iran nuclear deal, public sector banks ready for Persian safari Top bankers from SBI, PNB and IDBI Bank say they are waiting for clarity on when and how sanctions will be lifted to reactivate old business links
Donnie: Public sector banks are buckling up to ride the expected boom in trade with Iran, once Western nations lift sanctions on India’s ally and long-time trading partner in West Asia.
The 14 July announcement which paves the way for lifting sanctions that crippled the Iranian economy holds potential for these banks to support that country’s oil exports to India and the potential for Indian exports of foodgrains, pharmaceuticals and information technology-led services.
Top bankers from State Bank of India (SBI), Punjab National Bank (PNB) and IDBI Bank Ltd said they were waiting for clarity on when and how sanctions will be lifted, to reactivate old business links and ensure full-fledged banking services to support bilateral trade.
SBI chairperson Arundhati Bhattacharya said the bank is looking to rekindle all its trade flow-related business with Iran, which it had lost because of the Western sanctions.
“We have many customers importing oil and exporting products like steel, basmati rice etc. SBI was losing all of these trade flow related business,” Bhattacharya said.
Donnie: Since the sanctions were imposed, trade between India and Iran has been processed through a peculiar arrangement handled by Kolkata-based public sector UCO Bank Ltd, in which payments for oil imported from Iran are matched with exports of mostly foodgrains to that country, all in Indian currency.
Thanks to their old links, public sector banks are well-placed to take advantage of the expected increase in trade. Besides, they process almost all of the government’s oil payments, which dominate trade between the two countries.
Under a special arrangement between the two governments, Iran was allowed to open rupee accounts at UCO Bank. All payments of oil imports from Iran were denominated in rupees and directed to this account. This was then matched with the value of exports from India.
Though this helped circumvent Western sanctions, it restricted trade between the two countries, because India’s exports were severely limited by the amount of oil imported from Iran.
“India’s exports of agriculture products and foodgrains did not make up for the oil imports, which were much more in value. Iran could not use the rupees in UCO Bank to buy anything else.
As a result of this, trade between the countries is skewed in favour of Iran. In fact, Iran has till today not imported all of its quota from India,” said Ajit Ranade, chief economist, Aditya Birla Group, who has studied India-Iran trade.
Donnie: According to Bloomberg data, India was Iran’s third largest trading partner in 2014 with total trade valued at $16.1 billion, behind China and the UAE. Iran, in contrast, is not even in the top 15 trading partners of India.
Before the sanctions were imposed in 2011, Iran was India’s second largest supplier of crude oil, behind Saudi Arabia. In 2012-13, it was at the seventh position. Ranade estimates that easing sanctions could lead to a change in this scenario.
“Trade between India and Iran can easily double in three to five years. Of course, oil will continue to dominate, but the potential is huge for India to export pharmaceuticals, chemicals, IT-related services and also for infrastructure companies to build roads, railway and bridges in Iran, which is a big opportunity,” Ranade said.
“Iran has historical cultural links with India. Its per capita income is high and they are also highly rated in terms of social indicators like literacy and women’s empowerment. These are good signs economically that India can take advantage of,” Ranade said. Bhattacharya said Indian construction firms could also help in earning export revenues from Iran.
“Our construction firms at one time were undertaking many projects in Iran. They too can consider new projects which will be good for the country’s export numbers,” she said.
UCO Bank chairman and managing director Arun Kaul acknowledged that his bank enjoyed the benefits of being the only lender to service Iranian trade and may have to face more competition now.
“But we are waiting for more clarity on how the sanctions will impact and directions from the government on how the payments from Iran will be processed post this change,” he said.
Donnie: UCO Bank stepped up to process payments from Iran because it has a limited presence overseas with a branch each in Singapore and Hong Kong and hence was not much impacted by sanctions from European and US governments, Kaul said.
R.K. Bansal, executive director at IDBI Bank, said he is confident that trade between the two countries will rise post the sanctions and his bank will “look at it 100%”. Ram Sangapure, executive director at Delhi-based PNB also said his bank is looking to revive old trade links with Iran. “This will be an opportunity for other banks now. Together with the traditional links, there are also opportunities for medium and small enterprises in India, which we can explore,” he said.
Donnie: http://ift.tt/1OiLrij...
Donnie: . http://ift.tt/1JbB4gU
Donnie: ‹@Doug_W› that should give you something to read for a while :)
Donnie: The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis
Doug_W: not an explorer
Donnie: There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.
As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books.
That breaks down to about $28,000 of debt for every man, woman and child on the entire planet. And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid.
The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself. As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out.
The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt.
Even if some “permanent solution” could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing. The nations of the world have never been in this much debt before, and it gets worse with each passing day.
According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facing a full-blown debt crisis…
Donnie: read more here: http://ift.tt/17TkQmL...
http://ift.tt/1VcqPNU
Doug_W: lets invest In ALL 24 today Donnie
Donnie: also the list of countries
Donnie: No thanks. I don't invest in losers :)
Doug_W: lol
Donnie: i wait for the turnaround to start then jump in
Doug_W: I was kidding
Donnie: i figured but just in case someone else comes along and miss reads this....
11:36:51 AM] Donnie: Germany, Not Greece, Should Exit the Euro 315 JUL 17, 2015 2:00 AM EDT
[11:37:03 AM] Donnie: The latest round of wrangling between Greece and its European creditors has demonstrated yet again that countries with such disparate economies should never have entered a currency union.
It would be better for all involved, though, if Germany rather than Greece were the first to exit. After months of grueling negotiations, recriminations and reversals, it's hard to see any winners.
The deal Greece reached with its creditors -- if it lasts -- pursues the same economic strategy that has failed repeatedly to heal the country. Greeks will get more of the brutal belt-tightening that they voted against. The creditors will probably see even less of their money than they would with a package of reduced austerity and immediate debt relief.
That said, the lead creditor, Germany, has done Europe a service: By proposing the Greece exit the euro, it has broken a political taboo. For decades, politicians have peddled the common currency as a symbol of European unity, despite the flawed economics pointed out as far back as 1971 by the Cambridge professor Nicholas Kaldor.
That changed on July 11, when European finance ministers agreed that it could be both sensible and practical for a member country to leave. "In case no agreement can be reached," they said, "Greece should be offered swift negotiations for a time-out."
[11:37:23 AM] Donnie: read the rest here: http://ift.tt/1OiLpqD...
http://ift.tt/1OawkqZ
[11:38:24 AM] Donnie: Gold bulls in retreat after spectacular plunge Ansuya Harjani | @Ansuya_H 11 Hours Ago
[11:38:36 AM] Donnie: Gold got whacked in the Asian trading session on Monday, plunging below $1,100 in for the first time since March 2010, and strategists say the precious metal is only headed lower from here.
The precious metal's latest leg down was reportedly triggered by speculative selling in the Shanghai Gold Exchange, catching investors off guard. "It was down to speculation here, someone taking advantage of the low liquidity environment," Victor Thianpiriya, commodity strategist at ANZ, told CNBC.
"Around 5 tonnes of gold was sold on the Shanghai Gold Exchange within the space of two minutes between 09:29 and 09:30. The daily volume last week was about 25 tonnes," he noted.
Gold slid over 4 percent to as low as $1,086 an ounce in early trade on Monday, before paring back some losses over the course of the day. It was down 2.3 percent at $1,107 at around 12:00 SG/HK time. "It clearly wasn't driven by fundamentals, because the U.S. dollar didn't move at that time," Thianpiriya said.
Donnie: The disappointing performance of the yellow metal, which is down 6.4 percent on a year-to-date basis, has sent gold bulls into retreat. Jonathan Barratt, chief investment officer at Ayers Alliance, a longtime gold bug, says he's turned "neutral" on the metal.
"As you know I've been a bull, [but] I've got to go neutral now. Gold's broken through some very critical areas. From a technical perspective it doesn't look hot," said Barratt, who expects price could fall back to $1,100 or lower.
Technical analyst Daryl Guppy also warned of "bearish features" on the gold chart: "There is a higher probability of a future fall below $1,150 and a continuation of the downtrend towards historical support near $980."
[11:39:27 AM] Donnie: read the rest here: http://ift.tt/1Ig4qeZ...
http://ift.tt/1RInR4x
[11:39:42 AM] chattels: ‹@Donnie› Wow !
[11:41:07 AM] Donnie: Zarif hits back at US official for ‘military option’ remark Mon Jul 20, 2015 9:42AM
[11:41:25 AM] Donnie: Iran’s Foreign Minister Mohammad Javad Zarif says those who have used the language of force against the Islamic Republic after the successful conclusion of negotiations between the country and the P5+1 are incapable of properly engaging in diplomacy.
“At a time when the world [has] considered last week’s agreement in [the Austrian capital of] Vienna the victory of diplomacy over war and violence, unfortunately, there still are people who speak of the illegal and illegitimate use of force to achieve their delusional objectives,” Zarif told IRNA on Monday.
Zarif made the remarks after US Defense Secretary Ashton Carter said on Sunday that the agreement between Iran and the P5+1 countries does not prevent Washington from using military force against the Islamic Republic.
“One of the reasons why this deal is a good one is that it does nothing to prevent the military option,” Carter told reporters on board a flight to Israel.
In his Monday remarks, Zarif, who led Iran’s negotiating team with the P5+1, said, “These individuals do not seem to be able to understand that the use of force to violate others’ rights is not an option, but a dangerous and injudicious temptation,” Zarif said.
The use of force is “often put forth by those who lack the necessary capacity and capability to manage, push forward and consolidate diplomacy,” the Iranian foreign minister said.
Iran and the P5+1 countries – the United States, Britain, France, China and Russia plus Germany – succeeded in finalizing the text of an agreement, dubbed the Joint Comprehensive Plan of Action (JCPOA), in Vienna on July 14 after 18 days of intense negotiations and all-nighters that capped around 23 months of talks between Iran and the six world powers.
Under the JCPOA, limits will be put on Iran’s nuclear activities in exchange for, among other things, the removal of all economic and financial bans, against the Islamic Republic.
Donnie: http://ift.tt/1eRksyx...
http://ift.tt/1fXwM1x
Donnie: Sanctions Were Going to Collapse: The US Was Forced to Negotiate with Iran Because of Changing Global Circumstances
Donnie: Public sector banks are buckling up to ride the expected boom in trade with Iran, once Western nations lift sanctions on India’s ally and long-time trading partner in West Asia.
The 14 July announcement which paves the way for lifting sanctions that crippled the Iranian economy holds potential for these banks to support that country’s oil exports to India and the potential for Indian exports of foodgrains, pharmaceuticals and information technology-led services.
Top bankers from State Bank of India (SBI), Punjab National Bank (PNB) and IDBI Bank Ltd said they were waiting for clarity on when and how sanctions will be lifted, to reactivate old business links and ensure full-fledged banking services to support bilateral trade.
SBI chairperson Arundhati Bhattacharya said the bank is looking to rekindle all its trade flow-related business with Iran, which it had lost because of the Western sanctions.
“We have many customers importing oil and exporting products like steel, basmati rice etc. SBI was losing all of these trade flow related business,” Bhattacharya said.
Donnie: Since the sanctions were imposed, trade between India and Iran has been processed through a peculiar arrangement handled by Kolkata-based public sector UCO Bank Ltd, in which payments for oil imported from Iran are matched with exports of mostly foodgrains to that country, all in Indian currency.
Thanks to their old links, public sector banks are well-placed to take advantage of the expected increase in trade. Besides, they process almost all of the government’s oil payments, which dominate trade between the two countries.
Under a special arrangement between the two governments, Iran was allowed to open rupee accounts at UCO Bank. All payments of oil imports from Iran were denominated in rupees and directed to this account. This was then matched with the value of exports from India.
Though this helped circumvent Western sanctions, it restricted trade between the two countries, because India’s exports were severely limited by the amount of oil imported from Iran.
“India’s exports of agriculture products and foodgrains did not make up for the oil imports, which were much more in value. Iran could not use the rupees in UCO Bank to buy anything else.
As a result of this, trade between the countries is skewed in favour of Iran. In fact, Iran has till today not imported all of its quota from India,” said Ajit Ranade, chief economist, Aditya Birla Group, who has studied India-Iran trade.
Donnie: According to Bloomberg data, India was Iran’s third largest trading partner in 2014 with total trade valued at $16.1 billion, behind China and the UAE. Iran, in contrast, is not even in the top 15 trading partners of India.
Before the sanctions were imposed in 2011, Iran was India’s second largest supplier of crude oil, behind Saudi Arabia. In 2012-13, it was at the seventh position. Ranade estimates that easing sanctions could lead to a change in this scenario.
“Trade between India and Iran can easily double in three to five years. Of course, oil will continue to dominate, but the potential is huge for India to export pharmaceuticals, chemicals, IT-related services and also for infrastructure companies to build roads, railway and bridges in Iran, which is a big opportunity,” Ranade said.
“Iran has historical cultural links with India. Its per capita income is high and they are also highly rated in terms of social indicators like literacy and women’s empowerment. These are good signs economically that India can take advantage of,” Ranade said. Bhattacharya said Indian construction firms could also help in earning export revenues from Iran.
“Our construction firms at one time were undertaking many projects in Iran. They too can consider new projects which will be good for the country’s export numbers,” she said.
UCO Bank chairman and managing director Arun Kaul acknowledged that his bank enjoyed the benefits of being the only lender to service Iranian trade and may have to face more competition now.
“But we are waiting for more clarity on how the sanctions will impact and directions from the government on how the payments from Iran will be processed post this change,” he said.
Donnie: UCO Bank stepped up to process payments from Iran because it has a limited presence overseas with a branch each in Singapore and Hong Kong and hence was not much impacted by sanctions from European and US governments, Kaul said.
R.K. Bansal, executive director at IDBI Bank, said he is confident that trade between the two countries will rise post the sanctions and his bank will “look at it 100%”. Ram Sangapure, executive director at Delhi-based PNB also said his bank is looking to revive old trade links with Iran. “This will be an opportunity for other banks now. Together with the traditional links, there are also opportunities for medium and small enterprises in India, which we can explore,” he said.
Donnie: http://ift.tt/1OiLrij...
Donnie: . http://ift.tt/1JbB4gU
Donnie: ‹@Doug_W› that should give you something to read for a while :)
Donnie: The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis
Doug_W: not an explorer
Donnie: There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.
As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books.
That breaks down to about $28,000 of debt for every man, woman and child on the entire planet. And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid.
The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself. As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out.
The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt.
Even if some “permanent solution” could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing. The nations of the world have never been in this much debt before, and it gets worse with each passing day.
According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facing a full-blown debt crisis…
Donnie: read more here: http://ift.tt/17TkQmL...
http://ift.tt/1VcqPNU
Doug_W: lets invest In ALL 24 today Donnie
Donnie: also the list of countries
Donnie: No thanks. I don't invest in losers :)
Doug_W: lol
Donnie: i wait for the turnaround to start then jump in
Doug_W: I was kidding
Donnie: i figured but just in case someone else comes along and miss reads this....
11:36:51 AM] Donnie: Germany, Not Greece, Should Exit the Euro 315 JUL 17, 2015 2:00 AM EDT
[11:37:03 AM] Donnie: The latest round of wrangling between Greece and its European creditors has demonstrated yet again that countries with such disparate economies should never have entered a currency union.
It would be better for all involved, though, if Germany rather than Greece were the first to exit. After months of grueling negotiations, recriminations and reversals, it's hard to see any winners.
The deal Greece reached with its creditors -- if it lasts -- pursues the same economic strategy that has failed repeatedly to heal the country. Greeks will get more of the brutal belt-tightening that they voted against. The creditors will probably see even less of their money than they would with a package of reduced austerity and immediate debt relief.
That said, the lead creditor, Germany, has done Europe a service: By proposing the Greece exit the euro, it has broken a political taboo. For decades, politicians have peddled the common currency as a symbol of European unity, despite the flawed economics pointed out as far back as 1971 by the Cambridge professor Nicholas Kaldor.
That changed on July 11, when European finance ministers agreed that it could be both sensible and practical for a member country to leave. "In case no agreement can be reached," they said, "Greece should be offered swift negotiations for a time-out."
[11:37:23 AM] Donnie: read the rest here: http://ift.tt/1OiLpqD...
http://ift.tt/1OawkqZ
[11:38:24 AM] Donnie: Gold bulls in retreat after spectacular plunge Ansuya Harjani | @Ansuya_H 11 Hours Ago
[11:38:36 AM] Donnie: Gold got whacked in the Asian trading session on Monday, plunging below $1,100 in for the first time since March 2010, and strategists say the precious metal is only headed lower from here.
The precious metal's latest leg down was reportedly triggered by speculative selling in the Shanghai Gold Exchange, catching investors off guard. "It was down to speculation here, someone taking advantage of the low liquidity environment," Victor Thianpiriya, commodity strategist at ANZ, told CNBC.
"Around 5 tonnes of gold was sold on the Shanghai Gold Exchange within the space of two minutes between 09:29 and 09:30. The daily volume last week was about 25 tonnes," he noted.
Gold slid over 4 percent to as low as $1,086 an ounce in early trade on Monday, before paring back some losses over the course of the day. It was down 2.3 percent at $1,107 at around 12:00 SG/HK time. "It clearly wasn't driven by fundamentals, because the U.S. dollar didn't move at that time," Thianpiriya said.
Donnie: The disappointing performance of the yellow metal, which is down 6.4 percent on a year-to-date basis, has sent gold bulls into retreat. Jonathan Barratt, chief investment officer at Ayers Alliance, a longtime gold bug, says he's turned "neutral" on the metal.
"As you know I've been a bull, [but] I've got to go neutral now. Gold's broken through some very critical areas. From a technical perspective it doesn't look hot," said Barratt, who expects price could fall back to $1,100 or lower.
Technical analyst Daryl Guppy also warned of "bearish features" on the gold chart: "There is a higher probability of a future fall below $1,150 and a continuation of the downtrend towards historical support near $980."
[11:39:27 AM] Donnie: read the rest here: http://ift.tt/1Ig4qeZ...
http://ift.tt/1RInR4x
[11:39:42 AM] chattels: ‹@Donnie› Wow !
[11:41:07 AM] Donnie: Zarif hits back at US official for ‘military option’ remark Mon Jul 20, 2015 9:42AM
[11:41:25 AM] Donnie: Iran’s Foreign Minister Mohammad Javad Zarif says those who have used the language of force against the Islamic Republic after the successful conclusion of negotiations between the country and the P5+1 are incapable of properly engaging in diplomacy.
“At a time when the world [has] considered last week’s agreement in [the Austrian capital of] Vienna the victory of diplomacy over war and violence, unfortunately, there still are people who speak of the illegal and illegitimate use of force to achieve their delusional objectives,” Zarif told IRNA on Monday.
Zarif made the remarks after US Defense Secretary Ashton Carter said on Sunday that the agreement between Iran and the P5+1 countries does not prevent Washington from using military force against the Islamic Republic.
“One of the reasons why this deal is a good one is that it does nothing to prevent the military option,” Carter told reporters on board a flight to Israel.
In his Monday remarks, Zarif, who led Iran’s negotiating team with the P5+1, said, “These individuals do not seem to be able to understand that the use of force to violate others’ rights is not an option, but a dangerous and injudicious temptation,” Zarif said.
The use of force is “often put forth by those who lack the necessary capacity and capability to manage, push forward and consolidate diplomacy,” the Iranian foreign minister said.
Iran and the P5+1 countries – the United States, Britain, France, China and Russia plus Germany – succeeded in finalizing the text of an agreement, dubbed the Joint Comprehensive Plan of Action (JCPOA), in Vienna on July 14 after 18 days of intense negotiations and all-nighters that capped around 23 months of talks between Iran and the six world powers.
Under the JCPOA, limits will be put on Iran’s nuclear activities in exchange for, among other things, the removal of all economic and financial bans, against the Islamic Republic.
Donnie: http://ift.tt/1eRksyx...
http://ift.tt/1fXwM1x
Donnie: Sanctions Were Going to Collapse: The US Was Forced to Negotiate with Iran Because of Changing Global Circumstances
Donnie: Speaking from Charlottesville, US celebrity billionaire and presidential hopeful Donald Trump lamented that US President Barack Obama «dealt from desperation» while drafting a final nuclear agreement with Iran in Vienna.
Trump had it partially right, but he also had it partially wrong too. It was not that the Obama Administration was desperate per se as Trump lambasted. It is that the United States of America is in decline as the foremost power of the world, which is what forced the US government to sit at the negotiating table with the Iranian government.
Geopolitical, economic, and tactical conditions obliged the US to sit down with Iran. Washington was compelled to seek a deal with Iran by geostrategic circumstances.
It is the same story with the Cubans. The decline of the United States and its increasing isolation in Latin America forced the Obama Administration to start talks with Havana and to reverse the decades-long hostile US policies on Cuba.
Donnie: read the rest here: http://ift.tt/1Ig4nzM...
http://ift.tt/1HDJXxo
MichelleL: going back to the beginning of deeeenar time, we were told that gold would drop drastically at the time of rv - just one of those asides...
gold642: people saying gold will drop is all a guess
gold642: gold doesnt flow on currency value
MichelleL: its now at 8 year low gold
gold642: wrong
MichelleL: ok
gold642: gold has gone up 7.3% in last 6 years
MichelleL: sorry, the article said 5 year low
MichelleL: http://ift.tt/1OiLpqH...
http://ift.tt/1fXQoCq
Comments may be made at the end of Part 2 Thank You
Trump had it partially right, but he also had it partially wrong too. It was not that the Obama Administration was desperate per se as Trump lambasted. It is that the United States of America is in decline as the foremost power of the world, which is what forced the US government to sit at the negotiating table with the Iranian government.
Geopolitical, economic, and tactical conditions obliged the US to sit down with Iran. Washington was compelled to seek a deal with Iran by geostrategic circumstances.
It is the same story with the Cubans. The decline of the United States and its increasing isolation in Latin America forced the Obama Administration to start talks with Havana and to reverse the decades-long hostile US policies on Cuba.
Donnie: read the rest here: http://ift.tt/1Ig4nzM...
http://ift.tt/1HDJXxo
MichelleL: going back to the beginning of deeeenar time, we were told that gold would drop drastically at the time of rv - just one of those asides...
gold642: people saying gold will drop is all a guess
gold642: gold doesnt flow on currency value
MichelleL: its now at 8 year low gold
gold642: wrong
MichelleL: ok
gold642: gold has gone up 7.3% in last 6 years
MichelleL: sorry, the article said 5 year low
MichelleL: http://ift.tt/1OiLpqH...
http://ift.tt/1fXQoCq
Comments may be made at the end of Part 2 Thank You
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