WEALTHWATCH 2-2-16
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch OOTW News & Comments 2-2-16 Part 2 of 2
OOTW: REMEMBER WHEN HAITHAM AL JOBOURI CAME OUT AND SAID..."TRY THE CORRUPT" AND HE WAS ONE OF THE WORST MEMBERS OF THE SLC FOR CORRUPTION?
OOTW: IF THEY WERENT SCARED BEFORE, THEY ARE NOW
Butifldrm: Iraq is in Dire straights and we should see a lot more of these articles in the future
OOTW: IT'S TIME FOR ACTION....NO...MORE...WORDS OOTW: *YASIRI
Butifldrm: Now if you study all oil dependent emerging economies, they are all cleaning up the corruption
OOTW: YES I JUST READ SOMETHING ABOUT SAUDI ON THAT TOO
~~~
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch OOTW News & Comments 2-2-16 Part 2 of 2
OOTW: REMEMBER WHEN HAITHAM AL JOBOURI CAME OUT AND SAID..."TRY THE CORRUPT" AND HE WAS ONE OF THE WORST MEMBERS OF THE SLC FOR CORRUPTION?
OOTW: IF THEY WERENT SCARED BEFORE, THEY ARE NOW
Butifldrm: Iraq is in Dire straights and we should see a lot more of these articles in the future
OOTW: IT'S TIME FOR ACTION....NO...MORE...WORDS OOTW: *YASIRI
Butifldrm: Now if you study all oil dependent emerging economies, they are all cleaning up the corruption
OOTW: YES I JUST READ SOMETHING ABOUT SAUDI ON THAT TOO
~~~
Butifldrm: what this article did not bring out because I doubt most of these economies don't understand is that their Central Banks reserves are being lost by upholding their peg to the dollar
Butifldrm: add corruption on top of that and it's a death sentence
OOTW: YES GREAT POINT...I LEARNED THAT TODAY IN STUDYING THE "LOCAL" BOND SALE
Butifldrm: yes
Butifldrm: i NEED TO SHOW U SOMETHING
OOTW: BRING IT ON OOTW: :)
Butifldrm: OK RUSSIA AN OIL DEPENDENT ECONOMY UN-PEGGED FROM THE DOLLAR
Butifldrm: The Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions. Before, the bank propped up the ruble when the exchange rate against the euro and dollar exceeded its boundaries.
Tags Currencies, Banking, Government Spending "Instead, we will intervene in the currency market at whichever moment and amount needed to decrease the speculative demand,” the bank’s chairwoman, Elvira Nabiullina, said in an interview with Rossiya 24 Monday.
The move is edging towards a floating exchange rate, which the bank hopes to attain by 2015. “Effective starting November 10, 2014, the Bank of Russia abolished the acting exchange rate policy mechanism by cancelling the allowed range of the dual-currency basket ruble values (operational band) and regular interventions within and outside the borders of this band,” the bank said in a statement Monday.
Butifldrm: IN OTHER WORDS THEY CHOSE TO FLOAT
Butifldrm: WHILE TODAY'S EMERGING ECONOMIES ARE IN A MAJOR SOVEREIN DEBT CRISIS
OOTW: AND THAT'S WHY THE RUBLE HAS EXPERIENCE VOLATILITY IN RECENT MONTHS
OOTW: BUT IS NOW ON THE MEND?
Butifldrm: Russia Foreign Exchange Reserves 1992-2016 | Data | Chart | Calendar Foreign Exchange Reserves in Russia increased to 368399 USD Million in December from 364708 USD Million in November of 2015. Foreign Exchange Reserves in Russia averaged 226958.79 USD Million from 1992 until 2015,
reaching an all time high of 596566 USD Million in July of 2008 and a record low of 4532 USD Million in December of 1992. Foreign Exchange Reserves in Russia is reported by the Central Bank of Russia.
Butifldrm: http://ift.tt/LDvx10...
http://ift.tt/1IgQBb6
OOTW: WOW THX
Butifldrm: EVERYONE NEEDS TO LOOK AT THE WHOLE PICTURE
Butifldrm: THIS IS WHAT THE IMF HAS BEEN SAYING ALL ALONG FOR IRAQ
OOTW: YES AND THE ME IN GENERAL
Butifldrm: THEY SHOULD HAVE LIBERALIZED THEIR ECONOMY WHICH WOULD HAVE GAVE THEM THE ABILITY TO LIBERALIZE THEIR CURRENCY TO WITHSTAND THE PRESSURE THEY ARE UNDER NOW WITH OIL PRICES
Butifldrm: I WOULD LIKE TO TALK ABOUT OIL
OOTW: PLEASE DO
Butifldrm: NOW THIS IS JUST MY OPINION Butifldrm: BUT OIL CONTROLS ALL ECONOMIES AT THIS TIME
Butifldrm: SUPPOSEDLY THE US ECONOMY IS ONE OF THE MOST DIVERSE
Butifldrm: ANS SHOULD BE ABLE TO WITHSTAND THESE TYPE OF FLUCTUATIONS IN OIL PRICES
OOTW: EXCEPT FOR THE SHALE INDUSTRY
Butifldrm: THE FED HAD PUMPED TRILLIONS (QE 1,2 AND 3) INTO THE MARKETS TO STIMULATE THE US ECONOMY OUT OF THE 2008 RECESSION
Butifldrm: THIS TOOL HAS NOT WORKED
Butifldrm: WE SAW THE DOW INCREASE TO 18000, FROM THE FREE MONEY THE FED PUMPED INTO THE MARKET, YET WITH THE DECREASE IN OIL PRICES THE DOWN WILL MORE THAN LIKELY TAKE DEAD CAT BOUNCES UNTIL THE FREE MARKET REIGNS
Butifldrm: THE FED IS OUT OF TOOLS
OOTW: THAT'S SCARY
OOTW: LAGARDE CAME OUT AND SAID THAT THE US'S IMPLEMENTATION OF THE 2010 REFORMS IS NOT ENOUGH
OOTW: SHE SAID THE US'S AGREEMENT TO REDUCE ITS VOTING SHARE IS LITTLE CONCESSION
OOTW: AND THE US NEEDS TO YIELD MORE CONTROL, OR THE IMF WILL HAVE TO TAKE OTHER ACTIONS
Butifldrm: AS MUCH AS SOCIETY THINKS WE ARE NO LONGER AN OIL DEPENDENT NATION OR WORLD FOR THAT MATTER, THE US WILL SEE BAD TIMES ALONG WITH MOST OF THE REST OF THE WORLD, ESPECIALLY THE OIL DEPENDENT NATIONS AS iRAQ
Butifldrm: ‹@OOTW› WOW I DID NOT SEE THAT
Butifldrm: THE 2010 REFORMS WERE PASSED IN THE US 2016 BUDGET AND GAVE LITTLE CONCESSION TO EMERGING ECONOMIES
Butifldrm: I DID NOT KNOW LE GARDE CALLED THEM OUT
Butifldrm: BUT i'S TILL LIKE TO TALK ABOUT OIL
OOTW: YES LET ME FIND IT
Butifldrm: THE BIG BANKS HAVE LOANED BILLIONS TO OIL PRODUCTION
Butifldrm: THESE BIG BANKS ARE IN RISK OF DEFAULTS
OOTW: U.S. Should Agree to Democratize the IMF -- Or Get Out of the Way http://ift.tt/1nObcjS...
Butifldrm: THAT IS A HUGE PROBLEM HERE IN THE US
Butifldrm: LOOKING
OOTW: K
Butifldrm: YES AND THAT IS WHY I BELIEVE CONGRESS RELUCTANTLY APPROVED THEM LAST DECEMBER AS PART OF THE BUDGET DEAL
Butifldrm: The US Congress' reluctant approval to redistribute IMF voting rights in favor of China and other emerging markets is an attempt to maintain its continuing relevance in the face of competition from other institutions such as the AIIB.
International Monetary Fund (IMF) Managing Director Christine Lagarde © REUTERS/ YURI GRIPAS IMF Chief Lagarde to Appear in Court Over Corruption Charges The US Congress' long-delayed decision to stop its block on IMF reforms that were first proposed in 2010 is a reaction to the challenge from emerging markets for economic influence, reported German Economic News (DWN) on Friday. Read more: http://ift.tt/1P7IvqG...
http://ift.tt/1nObdEz
Butifldrm: I DO BELIEVE THESE CODE OF REFORMS TOO ARE A LITTLE TO LATE
Butifldrm: CHINA IS ONE HECCK OF A MESS
OOTW: SO YOU THINK THE US ADOPTED THEM AS A CONCESSION?
Butifldrm: ALL OIL DEPENDENT ECONOMIES ARE FAILING INCLUDING SAUDI
Butifldrm: YES
OOTW: HMMM
OOTW: WELL, DOESN'T SURPRISE ME AT ALL
OOTW: I REMEMBER LAST YEAR LEW SAYING IN ONE INSTANCE WHERE THE US DIDN'T NEED TO ADOPT THEM
OOTW: THEN A FEW MONTHS LATER STATING THEY WERE NEEDED DESPERATELY OOTW: LOL
OOTW: I HAVE TO WONDER IF KERRY'S ROUNDS ACROSS THE GLOBE SUPPORTED LEW'S CHANGE OF HEART
Butifldrm: WITH THE AIIB TAKING HOLD AND THE IMF BEGGING/THREATENING THE LOSS OF RELEVANCE THE US CONCEDED
Butifldrm: THE US COULD NOT LOOSE IT'S DOMINION OVER THE WORLD ECONOMIES
OOTW: DO YOU MEAN, AT LEAST IN PART, MANY COUNTRIES' PEG TO THE DOLLAR?
Butifldrm: I'M NOT SURE ABOUT THE REFORMS AND COUNTRIES PEGGED TO THE DOLLAR
OOTW: WELL, REMEMBER WHEN KERRY GAVE AN INTERVIEW STATING THAT THE IRAN DEAL HAD TO GO THROUGH OR THE PEG TO THE DOLLAR , AROUND THE GLOBE, WOULD SUFFER
OOTW: ?
Butifldrm: i'M SURE THAT THE IMF GIVES MONEY/INDEBTS FAILING ECONOMIES TO KEEP WORLD PEACE
OOTW: ah ok OOTW: THANK YOU
Butifldrm: I REMEMBER KERRY STATING THAT IF THE IRAN DEAL DID NOT GO THRU, THE US DOLLAR WOULD BE AT RISK FOR NOT HOLDING THE PETRO DOLLAR STATUS AND THAT IT WAS ALREADY AT RISK
OOTW: YEAH OOTW: http://img.youtube.com/vi/99Sf918pUkQ/default.jpg
https://www.youtube.com/watch?v=99Sf918pUkQ
OOTW: THANKS BUTI
OOTW: YEP THAT'S WHAT I WAS THINKING OF TYVM
Butifldrm: WELL IF LISTEN THIS VIDEO
Butifldrm: KERRY WENT TO CHINA AND CONVINCED THEM TO DECREASE THEIR OIL PURCHESS
Butifldrm: WHO DO THINK THAT AFFECTS/
Butifldrm: THIS WAS PART OF THE DEAL TO GET IRAN'S NUCLEAR DEAL
OOTW: AND MOST LIKELY THAT THE IAEA IS OVERLOOKING IRAN'S CONTINUED TESTING OF MISSILES
OOTW: CAPPING YOUR TALK ON CORRUPTION IN THE ME AND IN THE US
OOTW: SHAMEFUL REALLY OOTW: ALL FOR OIL AND CURRENCY
Butifldrm: OK, BUT CHINA WAS THE MAJOR OIL BUY/CONSUMER WHAT SENSE DOES THIS MAKE
Butifldrm: AND WHY WOULD CHINA MAKE THIS DEAL
OOTW: I CAN'T BE SURE, BUT......WHY IS THEIR MARKET VOLATILE AFTER THIS?
Butifldrm: OF COURSE CHINA'S MARKET HAS FALLEN AND SUBSEQUENTLY OUR MARKETS HAVE TOO
Butifldrm: http://ift.tt/1gjfo7j...
https://www.youtube.com/watch?v=99Sf918pUkQ
OOTW: DO YOU SEE A REBOUND IN SIGHT?
Butifldrm: IMO, CHINA'S MARKET HAS HAD DIRECT REPERCUSSION ON OUR MARKETS
OOTW: DO YOU THINK THE TREND WILL CONTINUE?
Butifldrm: MAINLY BECAUSE OF OIL
Butifldrm: ABSOLUTELY
Butifldrm: SO THAT BRINGS ME BACK TO THERE HAS TO BE A SIGNIFICANT FACTOR AS TO WHY THE IMPORTANCE OF THIS IRAN DEAL
Butifldrm: add corruption on top of that and it's a death sentence
OOTW: YES GREAT POINT...I LEARNED THAT TODAY IN STUDYING THE "LOCAL" BOND SALE
Butifldrm: yes
Butifldrm: i NEED TO SHOW U SOMETHING
OOTW: BRING IT ON OOTW: :)
Butifldrm: OK RUSSIA AN OIL DEPENDENT ECONOMY UN-PEGGED FROM THE DOLLAR
Butifldrm: The Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions. Before, the bank propped up the ruble when the exchange rate against the euro and dollar exceeded its boundaries.
Tags Currencies, Banking, Government Spending "Instead, we will intervene in the currency market at whichever moment and amount needed to decrease the speculative demand,” the bank’s chairwoman, Elvira Nabiullina, said in an interview with Rossiya 24 Monday.
The move is edging towards a floating exchange rate, which the bank hopes to attain by 2015. “Effective starting November 10, 2014, the Bank of Russia abolished the acting exchange rate policy mechanism by cancelling the allowed range of the dual-currency basket ruble values (operational band) and regular interventions within and outside the borders of this band,” the bank said in a statement Monday.
Butifldrm: IN OTHER WORDS THEY CHOSE TO FLOAT
Butifldrm: WHILE TODAY'S EMERGING ECONOMIES ARE IN A MAJOR SOVEREIN DEBT CRISIS
OOTW: AND THAT'S WHY THE RUBLE HAS EXPERIENCE VOLATILITY IN RECENT MONTHS
OOTW: BUT IS NOW ON THE MEND?
Butifldrm: Russia Foreign Exchange Reserves 1992-2016 | Data | Chart | Calendar Foreign Exchange Reserves in Russia increased to 368399 USD Million in December from 364708 USD Million in November of 2015. Foreign Exchange Reserves in Russia averaged 226958.79 USD Million from 1992 until 2015,
reaching an all time high of 596566 USD Million in July of 2008 and a record low of 4532 USD Million in December of 1992. Foreign Exchange Reserves in Russia is reported by the Central Bank of Russia.
Butifldrm: http://ift.tt/LDvx10...
http://ift.tt/1IgQBb6
OOTW: WOW THX
Butifldrm: EVERYONE NEEDS TO LOOK AT THE WHOLE PICTURE
Butifldrm: THIS IS WHAT THE IMF HAS BEEN SAYING ALL ALONG FOR IRAQ
OOTW: YES AND THE ME IN GENERAL
Butifldrm: THEY SHOULD HAVE LIBERALIZED THEIR ECONOMY WHICH WOULD HAVE GAVE THEM THE ABILITY TO LIBERALIZE THEIR CURRENCY TO WITHSTAND THE PRESSURE THEY ARE UNDER NOW WITH OIL PRICES
Butifldrm: I WOULD LIKE TO TALK ABOUT OIL
OOTW: PLEASE DO
Butifldrm: NOW THIS IS JUST MY OPINION Butifldrm: BUT OIL CONTROLS ALL ECONOMIES AT THIS TIME
Butifldrm: SUPPOSEDLY THE US ECONOMY IS ONE OF THE MOST DIVERSE
Butifldrm: ANS SHOULD BE ABLE TO WITHSTAND THESE TYPE OF FLUCTUATIONS IN OIL PRICES
OOTW: EXCEPT FOR THE SHALE INDUSTRY
Butifldrm: THE FED HAD PUMPED TRILLIONS (QE 1,2 AND 3) INTO THE MARKETS TO STIMULATE THE US ECONOMY OUT OF THE 2008 RECESSION
Butifldrm: THIS TOOL HAS NOT WORKED
Butifldrm: WE SAW THE DOW INCREASE TO 18000, FROM THE FREE MONEY THE FED PUMPED INTO THE MARKET, YET WITH THE DECREASE IN OIL PRICES THE DOWN WILL MORE THAN LIKELY TAKE DEAD CAT BOUNCES UNTIL THE FREE MARKET REIGNS
Butifldrm: THE FED IS OUT OF TOOLS
OOTW: THAT'S SCARY
OOTW: LAGARDE CAME OUT AND SAID THAT THE US'S IMPLEMENTATION OF THE 2010 REFORMS IS NOT ENOUGH
OOTW: SHE SAID THE US'S AGREEMENT TO REDUCE ITS VOTING SHARE IS LITTLE CONCESSION
OOTW: AND THE US NEEDS TO YIELD MORE CONTROL, OR THE IMF WILL HAVE TO TAKE OTHER ACTIONS
Butifldrm: AS MUCH AS SOCIETY THINKS WE ARE NO LONGER AN OIL DEPENDENT NATION OR WORLD FOR THAT MATTER, THE US WILL SEE BAD TIMES ALONG WITH MOST OF THE REST OF THE WORLD, ESPECIALLY THE OIL DEPENDENT NATIONS AS iRAQ
Butifldrm: ‹@OOTW› WOW I DID NOT SEE THAT
Butifldrm: THE 2010 REFORMS WERE PASSED IN THE US 2016 BUDGET AND GAVE LITTLE CONCESSION TO EMERGING ECONOMIES
Butifldrm: I DID NOT KNOW LE GARDE CALLED THEM OUT
Butifldrm: BUT i'S TILL LIKE TO TALK ABOUT OIL
OOTW: YES LET ME FIND IT
Butifldrm: THE BIG BANKS HAVE LOANED BILLIONS TO OIL PRODUCTION
Butifldrm: THESE BIG BANKS ARE IN RISK OF DEFAULTS
OOTW: U.S. Should Agree to Democratize the IMF -- Or Get Out of the Way http://ift.tt/1nObcjS...
Butifldrm: THAT IS A HUGE PROBLEM HERE IN THE US
Butifldrm: LOOKING
OOTW: K
Butifldrm: YES AND THAT IS WHY I BELIEVE CONGRESS RELUCTANTLY APPROVED THEM LAST DECEMBER AS PART OF THE BUDGET DEAL
Butifldrm: The US Congress' reluctant approval to redistribute IMF voting rights in favor of China and other emerging markets is an attempt to maintain its continuing relevance in the face of competition from other institutions such as the AIIB.
International Monetary Fund (IMF) Managing Director Christine Lagarde © REUTERS/ YURI GRIPAS IMF Chief Lagarde to Appear in Court Over Corruption Charges The US Congress' long-delayed decision to stop its block on IMF reforms that were first proposed in 2010 is a reaction to the challenge from emerging markets for economic influence, reported German Economic News (DWN) on Friday. Read more: http://ift.tt/1P7IvqG...
http://ift.tt/1nObdEz
Butifldrm: I DO BELIEVE THESE CODE OF REFORMS TOO ARE A LITTLE TO LATE
Butifldrm: CHINA IS ONE HECCK OF A MESS
OOTW: SO YOU THINK THE US ADOPTED THEM AS A CONCESSION?
Butifldrm: ALL OIL DEPENDENT ECONOMIES ARE FAILING INCLUDING SAUDI
Butifldrm: YES
OOTW: HMMM
OOTW: WELL, DOESN'T SURPRISE ME AT ALL
OOTW: I REMEMBER LAST YEAR LEW SAYING IN ONE INSTANCE WHERE THE US DIDN'T NEED TO ADOPT THEM
OOTW: THEN A FEW MONTHS LATER STATING THEY WERE NEEDED DESPERATELY OOTW: LOL
OOTW: I HAVE TO WONDER IF KERRY'S ROUNDS ACROSS THE GLOBE SUPPORTED LEW'S CHANGE OF HEART
Butifldrm: WITH THE AIIB TAKING HOLD AND THE IMF BEGGING/THREATENING THE LOSS OF RELEVANCE THE US CONCEDED
Butifldrm: THE US COULD NOT LOOSE IT'S DOMINION OVER THE WORLD ECONOMIES
OOTW: DO YOU MEAN, AT LEAST IN PART, MANY COUNTRIES' PEG TO THE DOLLAR?
Butifldrm: I'M NOT SURE ABOUT THE REFORMS AND COUNTRIES PEGGED TO THE DOLLAR
OOTW: WELL, REMEMBER WHEN KERRY GAVE AN INTERVIEW STATING THAT THE IRAN DEAL HAD TO GO THROUGH OR THE PEG TO THE DOLLAR , AROUND THE GLOBE, WOULD SUFFER
OOTW: ?
Butifldrm: i'M SURE THAT THE IMF GIVES MONEY/INDEBTS FAILING ECONOMIES TO KEEP WORLD PEACE
OOTW: ah ok OOTW: THANK YOU
Butifldrm: I REMEMBER KERRY STATING THAT IF THE IRAN DEAL DID NOT GO THRU, THE US DOLLAR WOULD BE AT RISK FOR NOT HOLDING THE PETRO DOLLAR STATUS AND THAT IT WAS ALREADY AT RISK
OOTW: YEAH OOTW: http://img.youtube.com/vi/99Sf918pUkQ/default.jpg
https://www.youtube.com/watch?v=99Sf918pUkQ
OOTW: THANKS BUTI
OOTW: YEP THAT'S WHAT I WAS THINKING OF TYVM
Butifldrm: WELL IF LISTEN THIS VIDEO
Butifldrm: KERRY WENT TO CHINA AND CONVINCED THEM TO DECREASE THEIR OIL PURCHESS
Butifldrm: WHO DO THINK THAT AFFECTS/
Butifldrm: THIS WAS PART OF THE DEAL TO GET IRAN'S NUCLEAR DEAL
OOTW: AND MOST LIKELY THAT THE IAEA IS OVERLOOKING IRAN'S CONTINUED TESTING OF MISSILES
OOTW: CAPPING YOUR TALK ON CORRUPTION IN THE ME AND IN THE US
OOTW: SHAMEFUL REALLY OOTW: ALL FOR OIL AND CURRENCY
Butifldrm: OK, BUT CHINA WAS THE MAJOR OIL BUY/CONSUMER WHAT SENSE DOES THIS MAKE
Butifldrm: AND WHY WOULD CHINA MAKE THIS DEAL
OOTW: I CAN'T BE SURE, BUT......WHY IS THEIR MARKET VOLATILE AFTER THIS?
Butifldrm: OF COURSE CHINA'S MARKET HAS FALLEN AND SUBSEQUENTLY OUR MARKETS HAVE TOO
Butifldrm: http://ift.tt/1gjfo7j...
https://www.youtube.com/watch?v=99Sf918pUkQ
OOTW: DO YOU SEE A REBOUND IN SIGHT?
Butifldrm: IMO, CHINA'S MARKET HAS HAD DIRECT REPERCUSSION ON OUR MARKETS
OOTW: DO YOU THINK THE TREND WILL CONTINUE?
Butifldrm: MAINLY BECAUSE OF OIL
Butifldrm: ABSOLUTELY
Butifldrm: SO THAT BRINGS ME BACK TO THERE HAS TO BE A SIGNIFICANT FACTOR AS TO WHY THE IMPORTANCE OF THIS IRAN DEAL
Butifldrm: WE SEE OPEC CONSIDERING THE DECREASE IN OIL PRODUCTION IF ALL OIL PRODUCING STATES AGREE
Butifldrm: WE SAY IRAQ AGREEING TO A DECREASE IN OIL PRODUCTION IS ALL STATES AGREE
Butifldrm: WE SEE IRAN SAYING HECK NO
OOTW: THEY JUST CAME BACK TO THE WORLD MARKETS OF COURSE
Butifldrm: THE US HAS HAD TO CUT PRODUCTION
Butifldrm: IMO WE WILL SEE THESE ECONOMIES WHICH ARE NOT DIVERSIFIED PUMPING OUT OIL UNTIL ETERNITY TO MEET THEIR BUDGETS
OOTW: LIKE IRAQ....THEY NEED TO DIVERSIFY AND DEVELOP AND LAUNCH EXPORTS OTHER THAN OIL
Butifldrm: YES
OOTW: COULD BE YEARS BEFORE IRAQ GETS THEIR EXPORTS ( NON OIL) GOING
Butifldrm: AND THE SAD PART IS THEY HAD THAT OPPORTUNITY WHILE THEY WERE IN HIGH COTTEN
Butifldrm: BUT FOR SURE THEY NEED TO STOP THE CORRUPTION THROUGH THE AUCTIONS AND QUIT SPENDING THEIR RESERVES DEFENDING THEIR PEG TO THE DOLLAR
OOTW: YES WELL WE WAIT FOR THE CBI TO ENACT THE IMF RECOMMENDED REFORMS
OOTW: IT DOES SEEM THAT TRAIN IS STEADILY ROLLING NOW
Butifldrm: YEA, OIL, ISIS AND CORRUPTION ARE DRIVING THAT TRAIN.
Butifldrm: OK HONEY I BETTER GET TO BED
OOTW: GN SWEETIE OOTW: THANKS FOR MORE CONNECTING THE DOTS
OOTW: :) OOTW: READ HERE - BUTIFLDRM'S GREAT FIND AND RELATED CHAT
wealthwatch.world/showthr...
http://ift.tt/1nObc3r
Butifldrm: WE SAY IRAQ AGREEING TO A DECREASE IN OIL PRODUCTION IS ALL STATES AGREE
Butifldrm: WE SEE IRAN SAYING HECK NO
OOTW: THEY JUST CAME BACK TO THE WORLD MARKETS OF COURSE
Butifldrm: THE US HAS HAD TO CUT PRODUCTION
Butifldrm: IMO WE WILL SEE THESE ECONOMIES WHICH ARE NOT DIVERSIFIED PUMPING OUT OIL UNTIL ETERNITY TO MEET THEIR BUDGETS
OOTW: LIKE IRAQ....THEY NEED TO DIVERSIFY AND DEVELOP AND LAUNCH EXPORTS OTHER THAN OIL
Butifldrm: YES
OOTW: COULD BE YEARS BEFORE IRAQ GETS THEIR EXPORTS ( NON OIL) GOING
Butifldrm: AND THE SAD PART IS THEY HAD THAT OPPORTUNITY WHILE THEY WERE IN HIGH COTTEN
Butifldrm: BUT FOR SURE THEY NEED TO STOP THE CORRUPTION THROUGH THE AUCTIONS AND QUIT SPENDING THEIR RESERVES DEFENDING THEIR PEG TO THE DOLLAR
OOTW: YES WELL WE WAIT FOR THE CBI TO ENACT THE IMF RECOMMENDED REFORMS
OOTW: IT DOES SEEM THAT TRAIN IS STEADILY ROLLING NOW
Butifldrm: YEA, OIL, ISIS AND CORRUPTION ARE DRIVING THAT TRAIN.
Butifldrm: OK HONEY I BETTER GET TO BED
OOTW: GN SWEETIE OOTW: THANKS FOR MORE CONNECTING THE DOTS
OOTW: :) OOTW: READ HERE - BUTIFLDRM'S GREAT FIND AND RELATED CHAT
wealthwatch.world/showthr...
http://ift.tt/1nObc3r
via Dinar Recaps - Our Blog http://ift.tt/1P7Ivam
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