KTFA
BACKDOC: AS YOU MAY KNOW THERE ARE RESTRICTIONS IN TRAVELING WITH MORE THAN 10,000 DOLLARS IN CURRENCY! THE COOL THING IS THAT THIS IS A LOOPHOLE. YOU CAN TRAVEL WITH UNLIMITED AMOUNTS OF DIAMONDS!
A GREAT WAY TO MOVE WEALTH AROUND LEGALLY!
OH AND THE PRICES HAVE RECENTLY GONE UP BECAUSE THEY KNOW YOU WILL BE A BUYER SOON! HEE HEE DOC IMO
Mountainman: As a NEW REALITY turns GLOBALLY......HARD ASSETS will be KING.......Do You THINK......IRAQ,ZIMBABWE and Others Will PLAY their ROLE Here in this INDUSTRY...???...Hmmm....IMO
Blessings,Mountainman (8)=New Beginnings.....for Many REALITIES......COMPLIMENTS from The IMF......IMO
Thunderhawk: Traders' New Best Friend: Diamond Futures Set to Sparkle on Moscow Exchange
.....
BACKDOC: AS YOU MAY KNOW THERE ARE RESTRICTIONS IN TRAVELING WITH MORE THAN 10,000 DOLLARS IN CURRENCY! THE COOL THING IS THAT THIS IS A LOOPHOLE. YOU CAN TRAVEL WITH UNLIMITED AMOUNTS OF DIAMONDS!
A GREAT WAY TO MOVE WEALTH AROUND LEGALLY!
OH AND THE PRICES HAVE RECENTLY GONE UP BECAUSE THEY KNOW YOU WILL BE A BUYER SOON! HEE HEE DOC IMO
Mountainman: As a NEW REALITY turns GLOBALLY......HARD ASSETS will be KING.......Do You THINK......IRAQ,ZIMBABWE and Others Will PLAY their ROLE Here in this INDUSTRY...???...Hmmm....IMO
Blessings,Mountainman (8)=New Beginnings.....for Many REALITIES......COMPLIMENTS from The IMF......IMO
Thunderhawk: Traders' New Best Friend: Diamond Futures Set to Sparkle on Moscow Exchange
.....
The Moscow Exchange could join famous diamond markets like the Israeli Diamond Exchange and the Antwerp Diamond Bourse, as Russian diamond mining company Alrosa creates the opportunity to buy futures contracts in diamonds, news agency RBK reported.
Russian diamond mining company Alrosa is in talks with the Moscow Exchange to offer investors there the chance to invest in up to $1 billion worth of diamonds, news agency RBK reported on Friday.
While rare stones such as blue diamonds are subject to sharp changes in their valuation, other diamonds could offer a more stable investment than precious metals, as their value tends to fluctuate by less than five percent a year.
Alrosa spokesman Aleksandr Tikhomirov told RBK that the company intends to offer futures contracts in near colorless or faint yellow diamonds, with a weight of 0.5 – 0.59 carats (5.2 mm diameter) or 1-1.49 carats (6.5-7.5 mm diameter).
Investors will be able to buy futures backed by 1/100 of a diamond of the various weights; for example, if a one carat diamond is worth around $8,000 and a 0.5 carat diamond around $2,500, futures in 1/100 of the former will cost about $80, and in the latter $25.
Alrosa will set the prices of their contracts according to global prices, the price set by the Russian Ministry of Finance, and the volume of their own production and sales.
Mihail Orlenko, head of the commodities trading department of the Moscow Exchange, told RBK that the option could work if Alrosa is prepared to act as market maker, and maintain the liquidity of the instrument on the market.
"Trading diamonds on the exchange could appeal to private investors seeking a new instrument for investment, and jewelers," he said.
The Alrosa Group operates in nine countries and across ten regions of Russia. It produced more than 38.3 million carats of diamonds (37.1 million tons) in 2015, accounting for more than a third of global rough diamond production.
http://ift.tt/1NNgAtG
************
BACKDOC: WOW THUNDER, ITS DRAMA LIKE THIS THAT WILL PUSH THE UK TOWARDS BREXIT AND COMPLETE THE PLATINUM TRIANGLE! HEE HEE DOC IMO
Mountainman: How CLOSE can We Push You to the EDGE before One PUSHES Back...???......Well.....the EU is Drawing A LINE in the Global Sands Here.....and BRITAIN won't ALLOW this......See Ya.....EU.....
Blessings,Mountainman (8)=New Beginnings......For Both Parties Here.....SHEESH
Thunderhawk: WHOA!!!!!! What’s this??????
Revealed: EU members devise plan for United States of Europe
A new report has revealed that several members of the European Union (EU) have drawn up plans to create a federal United States of Europe behind Britain’s back.
Germany, France, Italy and Luxembourg signed a document last September in the Italian capital, Rome, calling for the creation of “general union of states” in a bid to give Brussels bureaucrats an iron grip over the continent, the Britain's Sunday Times reported on Monday.
The joint declaration says the further integrated union would include a broad spectrum of policies and “should not be limited to the field of economic and fiscal matters, or to the internal market and to agricultural policy.”
“It should include all matters pertaining to the European ideal — social and cultural affairs as well as foreign, security and defense policy,” it adds.
“We are convinced that new impetus must be given to European integration. We believe that more, not less, Europe is needed to respond to the challenges we face,” it says.
“The current moment offers an opportunity to move forward with European political integration, which could lead to a federal union of States.”
The British daily said that “concrete proposals” to deepen EU integration will be discussed at a meeting in Luxembourg next month, just a month before the UK holds its In/Out referendum on June 23.
The news will come as a blow to Britain’s pro-EU Prime Minister David Cameron who said the UK will not be sucked into a European super-state should the people of Britain vote to remain in the EU.
“Britain will be permanently out of ever closer union, never part of a European super-state,” Cameron said in February.
The European Commission has denied all knowledge of the declaration, which was signed by leading EU politicians, with an unnamed spokesman saying that “I am not aware of any such initiative. This is not something related to the commission.”
However, Leader of the British House of Commons Chris Grayling, who has received the document, said, “This shows there are now serious plans for a political union, where those countries in the eurozone move towards having a single government.”
He said Britain and Denmark would remain outside the EU, but warned, “This new entity will still make our laws for us.”
“We have to decide whether we want to be an independent country or whether we want to be caught up in what is heading fast towards being a United States of Europe.”
Meanwhile, another report has revealed that an EU armed forces is being set up “by stealth” with the merger of the German and Dutch armies and navies.
According to the proposal, the two countries would create a nucleus of EU armed forces to fulfill the long term goal of having an EU army, which was announced by German defense minister last year.
Mike Hookem, defense spokesman of the European Parliament from the UK Independence Party (UKIP), is expected to ask the European Commission about the role it has played in talks to bring the new German/ Dutch force together as a nucleus for an EU military.
The official said that the efforts are part of the ongoing centralization by stealth in the EU which Britain will be dragged into if it votes to remain in the EU.
The move is aimed at beginning a merger without going through the council of ministers and other EU bodies and then creating an EU military by stealth by adding other countries, he said.
In March 2015, German Defense Minister Ursula von der Leyen threw her weight behind the idea of an EU army “as a logical consequence of European integration.”
“Europe will only stay politically relevant in the future if we are able to complement our economic power and our political influence with a truly coherent security and defense policy,” she added.
http://ift.tt/26pY1XS
*************
Mountainman: .In Other Words The {TRANSITION} to this NEW GLOBAL REALITY is Changing the OLD NORM of the PETRO DOLLAR to the NEW NORM of GLOBAL TRADE and NEW VALUES thru the SDR......OIL.......Blessings,Mountainman (8)=New
Beginnings.......Even the SAUDI'S Have to Make NEW DEALS......
Thunderhawk: IMF says it's encouraged by Gulf's economic reform plans
The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues.
"I do see in a number of countries action to address the budget deficit," Masood Ahmed, director of the IMF’s Middle East and central Asia department, said in an interview. "That gives us encouragement and comfort."
He was speaking hours before Saudi Arabia's government was due to announce on Monday a sweeping plan to ensure its economy could survive an era of cheap oil, including spending cuts, tax rises and policies to expand the private sector.
Ahmed said that judging from details of the Saudi plan revealed so far, it appeared "ambitious and comprehensive". The scale of the plan "measures up to the challenge facing the economy", he said.
Six months ago the IMF warned that budget reforms being considered by most of the Middle East's oil exporters were likely to be inadequate, and that countries risked running through their financial reserves.
"Apart from Kuwait, Qatar, and the United Arab Emirates, under current policies, countries would run out of buffers in less than five years because of large fiscal deficits," the IMF said in a report at that time.
Its latest report on the region, published on Monday, did not repeat that warning, though it said countries still needed to do more to cut budget deficits, rebuild their financial reserves and save enough money for future generations.
Ahmed said Gulf states would still face difficult decisions in carrying out budget reform plans on a sustained basis, and in trying to create millions of jobs for growing populations while reducing the dependence of their economies on oil.
The six-nation Gulf Cooperation Council (GCC) is heading for a protracted economic slowdown because of the austerity policies needed to curb budget deficits, the IMF report said.
The non-oil part of the GCC economy is projected to grow an average 3-1/4 percent annually over the next five years, well below a rate of 7-3/4 percent between 2006 and 2015, it said.
Assuming oil prices stay low in coming years, the fiscal deficits of the GCC and Algeria will total almost $900 billion between 2016 and 2021, the IMF calculated.
"Algeria, Bahrain, Oman, and Saudi Arabia will become significant debtors over this period as their financing needs are expected to exceed their current liquid financial buffers," it said
http://ift.tt/1NNgAtI
************
Mountainman: Isn't AMAZING (How) this NEW GLOBAL REALITY is Spreading the Wealth of TRADE and Countries Products Across Borders/Languages/ and Cultures.....W/EASE.....???......IMO
Blessings,Mountainman (8)=New Beginnings
Thunderhawk: China, Japan, Russia to join Razavi Khorasan’s exports markets
Head of Foreign Trade Office of Industry, Mine and Trade Organization of Razavi Khorasan province said China, Japan and Russia will be added to the markets of the province products.
Naser Behzad told IRNA on Monday that products to be exported to these new markets consisted of vegetables, foodstuffs, and plastics.
He said that exports to China, Japan and Russia during the sanctions consisted of small amounts of saffron, pistachio, rugs and carpet.
In order to make policies of economy of resistance operational, holding 10 foreign exhibitions, 20 cases of dispatching or receiving trade delegations are on the agenda.
Razavi Khorasan province has five customs in Lotfabad, Sarakhs, Bajgiran, Dogharoon and Mashad and two border markets in Taybad.
The export target countries of Razavi Khorasan are Afghanistan, Turkmenistan, Tajikistan and Central Asian countries and the exported products from this province consist of cement, food and saffron.
2,011,000 tons of products worth $1.6b were exported from customs and border markets of Razavi Khorasan province last year.
http://ift.tt/26pY1XW
************
Mountainman: As ALLIANCES Form.....for SECURITY and FUTURE STABILITY=TRADE Etc......BASEL 3 Rules/REGS are CLEAR.....{ALL} Countries [MUST] have their VALUES Based on (THEIR) OWN Resources/TRADE/GDP....etc....Therefore The {ALLIANCES} Serve A Purpose On PURPOSE.....But Ones CURRENCY is INDEPENDENT from the Rest.....Which is WHY....IMO the EURO will DISSOLVE as Well....
And WHY (NOW) we see All this EUROPEAN Turmoil w/ BRITAIN and The Other EURO Countries=the Remaining Ones Will Have "THEIR EXCUSE" as Well.....Coming to a MAINSTREAM/DOWNSTREAM Media THEATER Near You.....It's TIME to {TEE} Off.....FOUR......LOL.....IMO
Blessings,Mountainman (8)=New Beginnings.....For ALL of EUROPE.....IMO
Thunderhawk: Frexit: Alternative for Germany Sees No Room for France in Ideal Eurozone
It is not possible for Germany to maintain a common European currency with most members of the EU, including France, Alternative for Germany chairman Jorg Meuthen told the Frankfurter Allgemeine Zeitung.
Germany cannot exist in monetary union with France and most other European countries because of cultural differences which influence financial policy, Alternative for Germany (AfD) chairman Jorg Meuthen told the Frankfurter Allgemeine Zeitung (FAZ) in an interview on Sunday.
"Nobody wants to throw France out. But France is of course a political problem, for which I have no solution," he said.
The party's vice-chairman Alexander Gauland explained that while in principle the party is not opposed to French membership of the Eurozone, "If they can't or don't want to afford it economically, then you have to find other structures."
AfD party chairman Meuthen said that France is one of a number of countries that lack the stability of Germany and other northern European states, which makes closer union impossible.
"We can indeed have a common currency with the Netherlands, Austria, Finland or the Baltic states. They have the same culture of stability as we do."
"But the French have a different culture, not to mention the Italians, Spanish, Portuguese and Greeks. For example, they don’t want any austerity," Meuthen told FAZ.
Consistent with their unease at close Franco-German cooperation, the politicians expressed general reluctance to collaborate with France's Eurosceptic Front National, but did not rule out some form of cooperation in the European Parliament.
"There won't be a bilateral alliance with the Front National, at the most there might be European collaboration. If a united Eurosceptic political group arises in the European parliament in the summer, we are either in it or out. As I have already argued, in that case we are in," Gauland said.
http://ift.tt/1NNgzpv
************
Thunderhawk: World Bank and AIIB Sign First Co-Financing Framework Agreement
WASHINGTON, World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed the first co-financing framework agreement between the two institutions.
The agreement outlines the co-financing parameters of World Bank-AIIB investment projects, and paves the way for the two institutions to jointly develop projects this year. In 2016, the AIIB expects to approve about $1.2 billion in financing, with World Bank joint projects anticipated to account for a sizable share.
“I am delighted that today we are raising our partnership to a new level,” Kim said. “Signing this agreement enables our institutions to finance development projects together, and that is an important first step toward working with a new partner to address the world’s huge infrastructure needs. As the world’s multilateral development banks collaborate ever more closely, leveraging each other’s financing and expertise, the people who will benefit the most will be the world’s poor.”
Some 1.2 billion people in the world lack access to electricity and 2.4 billion people don't have access to basic sanitation services. The World Bank Group invested $18.8 billion in infrastructure in the fiscal year ending June 30, 2015. The institution will leverage even more private finance through new partnerships, such as the Global Infrastructure Facility, and the growing portfolios of the International Finance Corporation and the Multilateral Investment Guarantee Agency.
“I am very pleased today to sign this co-financing agreement together with World Bank Group President Kim,” Jin said. “The AIIB is very grateful for the generous and timely support offered by the World Bank Group throughout our establishment process, and we look forward to a long and fruitful relationship with ongoing cooperation in project co-financing and other areas.”
The World Bank and the AIIB are currently discussing nearly one dozen co-financed projects in sectors that include transport, water and energy in Central Asia, South Asia and East Asia. Under the agreement, the World Bank will prepare and supervise the co-financed projects in accordance with its policies and procedures in areas like procurement, environment and social safeguards.
The AIIB, located in Beijing, aims to promote regional cooperation in addressing development challenges by working with other multilateral and bilateral development institutions. It is expected to advance sustainable economic development and to improve infrastructure in Asia.
http://ift.tt/1Nb4krP
Russian diamond mining company Alrosa is in talks with the Moscow Exchange to offer investors there the chance to invest in up to $1 billion worth of diamonds, news agency RBK reported on Friday.
While rare stones such as blue diamonds are subject to sharp changes in their valuation, other diamonds could offer a more stable investment than precious metals, as their value tends to fluctuate by less than five percent a year.
Alrosa spokesman Aleksandr Tikhomirov told RBK that the company intends to offer futures contracts in near colorless or faint yellow diamonds, with a weight of 0.5 – 0.59 carats (5.2 mm diameter) or 1-1.49 carats (6.5-7.5 mm diameter).
Investors will be able to buy futures backed by 1/100 of a diamond of the various weights; for example, if a one carat diamond is worth around $8,000 and a 0.5 carat diamond around $2,500, futures in 1/100 of the former will cost about $80, and in the latter $25.
Alrosa will set the prices of their contracts according to global prices, the price set by the Russian Ministry of Finance, and the volume of their own production and sales.
Mihail Orlenko, head of the commodities trading department of the Moscow Exchange, told RBK that the option could work if Alrosa is prepared to act as market maker, and maintain the liquidity of the instrument on the market.
"Trading diamonds on the exchange could appeal to private investors seeking a new instrument for investment, and jewelers," he said.
The Alrosa Group operates in nine countries and across ten regions of Russia. It produced more than 38.3 million carats of diamonds (37.1 million tons) in 2015, accounting for more than a third of global rough diamond production.
http://ift.tt/1NNgAtG
************
BACKDOC: WOW THUNDER, ITS DRAMA LIKE THIS THAT WILL PUSH THE UK TOWARDS BREXIT AND COMPLETE THE PLATINUM TRIANGLE! HEE HEE DOC IMO
Mountainman: How CLOSE can We Push You to the EDGE before One PUSHES Back...???......Well.....the EU is Drawing A LINE in the Global Sands Here.....and BRITAIN won't ALLOW this......See Ya.....EU.....
Blessings,Mountainman (8)=New Beginnings......For Both Parties Here.....SHEESH
Thunderhawk: WHOA!!!!!! What’s this??????
Revealed: EU members devise plan for United States of Europe
A new report has revealed that several members of the European Union (EU) have drawn up plans to create a federal United States of Europe behind Britain’s back.
Germany, France, Italy and Luxembourg signed a document last September in the Italian capital, Rome, calling for the creation of “general union of states” in a bid to give Brussels bureaucrats an iron grip over the continent, the Britain's Sunday Times reported on Monday.
The joint declaration says the further integrated union would include a broad spectrum of policies and “should not be limited to the field of economic and fiscal matters, or to the internal market and to agricultural policy.”
“It should include all matters pertaining to the European ideal — social and cultural affairs as well as foreign, security and defense policy,” it adds.
“We are convinced that new impetus must be given to European integration. We believe that more, not less, Europe is needed to respond to the challenges we face,” it says.
“The current moment offers an opportunity to move forward with European political integration, which could lead to a federal union of States.”
The British daily said that “concrete proposals” to deepen EU integration will be discussed at a meeting in Luxembourg next month, just a month before the UK holds its In/Out referendum on June 23.
The news will come as a blow to Britain’s pro-EU Prime Minister David Cameron who said the UK will not be sucked into a European super-state should the people of Britain vote to remain in the EU.
“Britain will be permanently out of ever closer union, never part of a European super-state,” Cameron said in February.
The European Commission has denied all knowledge of the declaration, which was signed by leading EU politicians, with an unnamed spokesman saying that “I am not aware of any such initiative. This is not something related to the commission.”
However, Leader of the British House of Commons Chris Grayling, who has received the document, said, “This shows there are now serious plans for a political union, where those countries in the eurozone move towards having a single government.”
He said Britain and Denmark would remain outside the EU, but warned, “This new entity will still make our laws for us.”
“We have to decide whether we want to be an independent country or whether we want to be caught up in what is heading fast towards being a United States of Europe.”
Meanwhile, another report has revealed that an EU armed forces is being set up “by stealth” with the merger of the German and Dutch armies and navies.
According to the proposal, the two countries would create a nucleus of EU armed forces to fulfill the long term goal of having an EU army, which was announced by German defense minister last year.
Mike Hookem, defense spokesman of the European Parliament from the UK Independence Party (UKIP), is expected to ask the European Commission about the role it has played in talks to bring the new German/ Dutch force together as a nucleus for an EU military.
The official said that the efforts are part of the ongoing centralization by stealth in the EU which Britain will be dragged into if it votes to remain in the EU.
The move is aimed at beginning a merger without going through the council of ministers and other EU bodies and then creating an EU military by stealth by adding other countries, he said.
In March 2015, German Defense Minister Ursula von der Leyen threw her weight behind the idea of an EU army “as a logical consequence of European integration.”
“Europe will only stay politically relevant in the future if we are able to complement our economic power and our political influence with a truly coherent security and defense policy,” she added.
http://ift.tt/26pY1XS
*************
Mountainman: .In Other Words The {TRANSITION} to this NEW GLOBAL REALITY is Changing the OLD NORM of the PETRO DOLLAR to the NEW NORM of GLOBAL TRADE and NEW VALUES thru the SDR......OIL.......Blessings,Mountainman (8)=New
Beginnings.......Even the SAUDI'S Have to Make NEW DEALS......
Thunderhawk: IMF says it's encouraged by Gulf's economic reform plans
The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues.
"I do see in a number of countries action to address the budget deficit," Masood Ahmed, director of the IMF’s Middle East and central Asia department, said in an interview. "That gives us encouragement and comfort."
He was speaking hours before Saudi Arabia's government was due to announce on Monday a sweeping plan to ensure its economy could survive an era of cheap oil, including spending cuts, tax rises and policies to expand the private sector.
Ahmed said that judging from details of the Saudi plan revealed so far, it appeared "ambitious and comprehensive". The scale of the plan "measures up to the challenge facing the economy", he said.
Six months ago the IMF warned that budget reforms being considered by most of the Middle East's oil exporters were likely to be inadequate, and that countries risked running through their financial reserves.
"Apart from Kuwait, Qatar, and the United Arab Emirates, under current policies, countries would run out of buffers in less than five years because of large fiscal deficits," the IMF said in a report at that time.
Its latest report on the region, published on Monday, did not repeat that warning, though it said countries still needed to do more to cut budget deficits, rebuild their financial reserves and save enough money for future generations.
Ahmed said Gulf states would still face difficult decisions in carrying out budget reform plans on a sustained basis, and in trying to create millions of jobs for growing populations while reducing the dependence of their economies on oil.
The six-nation Gulf Cooperation Council (GCC) is heading for a protracted economic slowdown because of the austerity policies needed to curb budget deficits, the IMF report said.
The non-oil part of the GCC economy is projected to grow an average 3-1/4 percent annually over the next five years, well below a rate of 7-3/4 percent between 2006 and 2015, it said.
Assuming oil prices stay low in coming years, the fiscal deficits of the GCC and Algeria will total almost $900 billion between 2016 and 2021, the IMF calculated.
"Algeria, Bahrain, Oman, and Saudi Arabia will become significant debtors over this period as their financing needs are expected to exceed their current liquid financial buffers," it said
http://ift.tt/1NNgAtI
************
Mountainman: Isn't AMAZING (How) this NEW GLOBAL REALITY is Spreading the Wealth of TRADE and Countries Products Across Borders/Languages/ and Cultures.....W/EASE.....???......IMO
Blessings,Mountainman (8)=New Beginnings
Thunderhawk: China, Japan, Russia to join Razavi Khorasan’s exports markets
Head of Foreign Trade Office of Industry, Mine and Trade Organization of Razavi Khorasan province said China, Japan and Russia will be added to the markets of the province products.
Naser Behzad told IRNA on Monday that products to be exported to these new markets consisted of vegetables, foodstuffs, and plastics.
He said that exports to China, Japan and Russia during the sanctions consisted of small amounts of saffron, pistachio, rugs and carpet.
In order to make policies of economy of resistance operational, holding 10 foreign exhibitions, 20 cases of dispatching or receiving trade delegations are on the agenda.
Razavi Khorasan province has five customs in Lotfabad, Sarakhs, Bajgiran, Dogharoon and Mashad and two border markets in Taybad.
The export target countries of Razavi Khorasan are Afghanistan, Turkmenistan, Tajikistan and Central Asian countries and the exported products from this province consist of cement, food and saffron.
2,011,000 tons of products worth $1.6b were exported from customs and border markets of Razavi Khorasan province last year.
http://ift.tt/26pY1XW
************
Mountainman: As ALLIANCES Form.....for SECURITY and FUTURE STABILITY=TRADE Etc......BASEL 3 Rules/REGS are CLEAR.....{ALL} Countries [MUST] have their VALUES Based on (THEIR) OWN Resources/TRADE/GDP....etc....Therefore The {ALLIANCES} Serve A Purpose On PURPOSE.....But Ones CURRENCY is INDEPENDENT from the Rest.....Which is WHY....IMO the EURO will DISSOLVE as Well....
And WHY (NOW) we see All this EUROPEAN Turmoil w/ BRITAIN and The Other EURO Countries=the Remaining Ones Will Have "THEIR EXCUSE" as Well.....Coming to a MAINSTREAM/DOWNSTREAM Media THEATER Near You.....It's TIME to {TEE} Off.....FOUR......LOL.....IMO
Blessings,Mountainman (8)=New Beginnings.....For ALL of EUROPE.....IMO
Thunderhawk: Frexit: Alternative for Germany Sees No Room for France in Ideal Eurozone
It is not possible for Germany to maintain a common European currency with most members of the EU, including France, Alternative for Germany chairman Jorg Meuthen told the Frankfurter Allgemeine Zeitung.
Germany cannot exist in monetary union with France and most other European countries because of cultural differences which influence financial policy, Alternative for Germany (AfD) chairman Jorg Meuthen told the Frankfurter Allgemeine Zeitung (FAZ) in an interview on Sunday.
"Nobody wants to throw France out. But France is of course a political problem, for which I have no solution," he said.
The party's vice-chairman Alexander Gauland explained that while in principle the party is not opposed to French membership of the Eurozone, "If they can't or don't want to afford it economically, then you have to find other structures."
AfD party chairman Meuthen said that France is one of a number of countries that lack the stability of Germany and other northern European states, which makes closer union impossible.
"We can indeed have a common currency with the Netherlands, Austria, Finland or the Baltic states. They have the same culture of stability as we do."
"But the French have a different culture, not to mention the Italians, Spanish, Portuguese and Greeks. For example, they don’t want any austerity," Meuthen told FAZ.
Consistent with their unease at close Franco-German cooperation, the politicians expressed general reluctance to collaborate with France's Eurosceptic Front National, but did not rule out some form of cooperation in the European Parliament.
"There won't be a bilateral alliance with the Front National, at the most there might be European collaboration. If a united Eurosceptic political group arises in the European parliament in the summer, we are either in it or out. As I have already argued, in that case we are in," Gauland said.
http://ift.tt/1NNgzpv
************
Thunderhawk: World Bank and AIIB Sign First Co-Financing Framework Agreement
WASHINGTON, World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed the first co-financing framework agreement between the two institutions.
The agreement outlines the co-financing parameters of World Bank-AIIB investment projects, and paves the way for the two institutions to jointly develop projects this year. In 2016, the AIIB expects to approve about $1.2 billion in financing, with World Bank joint projects anticipated to account for a sizable share.
“I am delighted that today we are raising our partnership to a new level,” Kim said. “Signing this agreement enables our institutions to finance development projects together, and that is an important first step toward working with a new partner to address the world’s huge infrastructure needs. As the world’s multilateral development banks collaborate ever more closely, leveraging each other’s financing and expertise, the people who will benefit the most will be the world’s poor.”
Some 1.2 billion people in the world lack access to electricity and 2.4 billion people don't have access to basic sanitation services. The World Bank Group invested $18.8 billion in infrastructure in the fiscal year ending June 30, 2015. The institution will leverage even more private finance through new partnerships, such as the Global Infrastructure Facility, and the growing portfolios of the International Finance Corporation and the Multilateral Investment Guarantee Agency.
“I am very pleased today to sign this co-financing agreement together with World Bank Group President Kim,” Jin said. “The AIIB is very grateful for the generous and timely support offered by the World Bank Group throughout our establishment process, and we look forward to a long and fruitful relationship with ongoing cooperation in project co-financing and other areas.”
The World Bank and the AIIB are currently discussing nearly one dozen co-financed projects in sectors that include transport, water and energy in Central Asia, South Asia and East Asia. Under the agreement, the World Bank will prepare and supervise the co-financed projects in accordance with its policies and procedures in areas like procurement, environment and social safeguards.
The AIIB, located in Beijing, aims to promote regional cooperation in addressing development challenges by working with other multilateral and bilateral development institutions. It is expected to advance sustainable economic development and to improve infrastructure in Asia.
http://ift.tt/1Nb4krP
Mountainman: Hello CHINA.....says the U S A ........How are You Doing
???.......REMEMBER Our "Policy Negotiations".....Oh Yah....INDEED.....Don't WORRY......VALUES are Coming and We WILL Work {TOGETHER} in the VERY NEAR FUTURE.....and this is WHY We/CHINA are Moving Forward NOW.....to Set the FUTURE TABLES of A BEAUTIFUL RELATIONSHIP.......Yes There Will be (GROWING PAINS),
However,That is WHY We Established Our POLICIES First........YES.....INDEED....GREAT POST DON......
???.....What is The NEW RELATIONSHIP between CHINA and The USA....The AIIB/IMF and WHY (they) are About {COOPERATION} regarding PRESENT/FUTURE {STRATEGIC} POLICIES as the TWO LARGEST Economies that [Will] (IMPACT) the NEW GLOBAL REALITY and Our FUTURES........SPECIAL DRAWING RIGHTS for RESERVE CURRENCIES=The DOLLAR/YUAN.......GLOBAL TRADE w/Them.....???
Finally, WHY???.........Is It {CRITICAL} for (us) here to FOLLOW the {YELLOW BRICK ROAD} of This and the FUTURE Economic Paths that LEAD Into the NEW/FUTURE GLOBAL REALITIES....???
For as FRANK has said.....BANKS Give LOANS to GAIN {ALL} One Has=ASSETS......"BANKING" on Ones Likely hood of [DEFAULT], which Leads to Ones DEMISE and to (THEIR) ENRICHED Enterprises.....So to Speak......and These {TRUTHS} will have an [AWFUL] Rude AWAKENING that NO "ONE" wants to "WAKE Up" to LATER.....IMO
Blessings,Mountainman (8)=New Beginnings........with the TWO LARGEST ECONOMIES.....
Don961: “Here is a quote from Roland Wang, who is the managing director for China at the World Gold Council:
“China needs a gold benchmark that reflects local market flows, and reduces gold prices dependency on the U.S. dollar. An Asian focused yuan denominated (gold) benchmark will significantly increase the liquidity and efficiency of the gold price discovery mechanism.”
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