Backdoc, Thunderhawk & Mountainman 5-14-16 Part 2

 Part 2:

Mountainman:  Yes the Infamous and Not So Desire to be FAMOUS......BREXIT......In the {TRANSITION} of Countries and their Respective Values there has to be Major Economies that Will Go DOWN and Likewise......Others will Go UP......it's A Give And Take Scenario.....

With that being said,IMO.....It has to be this Way as EMERGING Countries like INDONESIA,VIETNAM, and Others RISE from their  OPPRESSED/SUPPRESSED Economies Resulting from the US DOLLAR and Other Factors Over the Years.....

Now, it Will Allow Most Countries to Thrive As they Should Be......Unfortunately there is Those like the UK who will Take A Hit on the Downside and Later Will Rise Up as The MARKETS and TRADE Begin to Cycle thru the Changes GLOBALLY.....IMO

Blessings,Mountainman  (8)=New Beginnings......for A (SERIES) of GROWING PAINS
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Thunderhawk:  Brexit hit to UK would be from "pretty bad to very, very bad"

The International Monetary Fund (IMF) does not predict that anything positive will arise from the United Kingdom potentially leaving the European Union through a so-called Brexit, IMF Managing Director Christine Lagarde said Friday.
 
Speaking before journalists at the UK Treasury, Lagarde said IMF had looked at a wide range of opinions and worked out several scenarios for a Brexit.
 
"And frankly in the very vast majority of what we’ve seen we haven’t seen anything that is positive. It’s always been on the negative side. Consequences will vary," Lagarde said, adding that the impact on the British economy could range from "pretty bad to very, very bad."
 
On June 23, the United Kingdom will vote on whether to remain part of the European Union. Supporters of UK exit from the bloc argue that EU membership has eroded Britain’s independence to legislate, direct its economy and control its borders. Opponents warn that leaving the European Union could deeply harm the country’s economy.
 
Earlier this month, IMF European Department Deputy Director Mahmood Pradhan said that a UK exit from the European Union had been identified as a risk factor for the EU economy and would disrupt trade and financial services.
 
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BACKDOC:  HERE WE GO.  IMO,

LIKE I SAID COUNTRIES ARE GOING TO BE VERY HUNGRY FOR NEW REVENUE. THEY WILL LOOK FOR FRAUD AND ABUSE AND WILL RESORT TO INCREASING TAXES ON THE RICH AND CORPORATIONS.

AFTER ALL OF THAT THEY WILL BE FORCED TO GO WHERE IT WILL GET NASTY, ENTITLEMENTS.  THATS WHERE THE RUBBER WILL MEET THE ROAD. 

I SUSPECT SOCIAL DISRUPTION WILL BE POSSIBLE WHEN SOME OF THOSE ARE REDUCED OR REMOVED.

THE EASY THINGS WILL BE OBAMACARE AND OTHER BIG SPENDING ISSUES. TIME WILL TELL.  IMO

Thunderhawk:   Global plan to recover stolen assets

A global plan to help recover stolen assets has been announced. The Global Forum for Asset Recovery will bring together governments and law enforcement agencies to discuss returning assets to Nigeria, Ukraine, Sri Lanka and Tunisia.
The meeting will be held in the US next year, co-hosted with the UK, and supported by the UN and the World Bank, BBC reported.
 
David Cameron made the announcement at a global anti-corruption summit in London on Thursday.
 
It was being hailed as the first of its kind, bringing together governments, business and other organizations.  Read more at:

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Mountainman:  Now You Know (WHEN) the WB is Willing Ready and Able to Help Your Country w/It's Infrastructure Loans and other Local Needs........You are in a GOOD PLACE w/Your Economy.....for Loans have to be paid back....Right...???....or They take It Back by OTHER MEANS......You Know {WHAT} I Mean......Yikes.....IMO

Blessings,Mountainman  (8)=New Beginnings.....for WB'S HELP for VIETNAM

Thunderhawk:   WB supports Vietnam’s competitiveness with US$150 million loan

The World Bank’s Board of Executive Directors on May 12 approved a US$150 million loan to the government of Vietnam for the Third Economic Management and Competitiveness development policy operation.
 
The loan is providing flexible budget support to the Government while reinforcing selected structural reform priorities in the government’s Socio-Economic Development Plan.
 
The operation supports a program of concrete policy reforms across three pillars contributing to the government’s efforts to:
 
(i) Maintain macroeconomic stability. Strengthening financial sector governance and fiscal management, including policies for non-performing loans and promoting the restructuring of banks, and debt and treasury management;
 
(ii) Create a more transparent, efficient and accountable public sector. Strengthening public administration, state-owned enterprise management and public investment management for more transparency and improved regulatory environment; and
 
(iii) Improve the business environment. Reducing administrative burdens and strengthening tax and procurement policies, including streamlined administrative procedures.

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Mountainman:  Unfortunately as the OIL DRAMA Continues.....Many Oil Companies have LOST so Much that they Couldn't Hang On any Longer.....thus In this New Reality.....MANY Companies will be Squeezed Out and Be Bought Up by the Bigger OIL Companies.....

Perhaps this was A Calculated Strategy as OIL was shall We say....LEVERAGED for FUTURE Objectives.....IMO.....Hmmm

Blessings,Mountainman  (8)=New Beginnings......for the SQUEEZING of OIL......SQUISH.....
 
Thunderhawk:  US energy bankruptcy wave surges despite recovering oil prices

Exco has reported a loss for the last five quarters in a row. It has a number of big-name board members including billionaire investor Wilbur Ross and executive chairman John Wilder, who engineered the giant leveraged buyout of TXU.

Valued at about $495 million as of Thursday's stock market close, Exco had long-term debt of $1.32 billion on March 31, according to a regulatory filing.

One probable outcome, as Exco said on Friday, may include getting rid of debt by having debtholders become shareholders, possibly wiping out existing equity owners.

Penn Virginia's strategy is similar. "Once the restructuring is implemented, the Company will have substantially less debt and a much stronger balance sheet," Penn Virginia's Chairman and interim CEO Edward Cloues said in a statement.

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Thunderhawk:  Ex-Argentine leader Fernandez indicted in central bank case
Reuters/Marcos Brindicci
 
Former Argentine President Cristina Fernandez was indicted on Friday over accusations that she oversaw irregularities in the central bank’s sale of U.S. dollars in the futures market while she was in office.
 
Federal Judge Claudio Bonadio charged Fernandez, her former economy minister Axel Kicillof and former central bank chief Alejandro Vanoli with “unfaithful administration to the detriment of public administration,” according to court papers.
 
The ruling, which gives a green light for prosecutors to put Fernandez on trial, may be appealed. There was no arrest warrant.
 
The accusation is that the central bank took billions of dollars worth of money-losing positions in the futures market ahead of a widely expected devaluation of the Argentine peso.
 
Fernandez, who heads a large faction of the Peronist party, stepped down in December at the end of her second term.
 
Her successor, Mauricio Macri, won the presidency on a platform of ditching currency controls that he said were strangling the economy. Since lifting the controls in mid-December the peso has weakened by about 30 percent to 14.1575 per U.S. dollar. ARS=RASL
The transactions referred to in the case involved $5 billion to $17 billion, according to court papers published by Argentina’s Judicial Information Center (CIJ).
 
“It’s impossible to believe that a financial operation of this size … could have been carried out without the approval of the highest executive level of the national government,” the ruling said.
 
Fernandez is revered by millions for the generous welfare programs she offered while in office and reviled by others for economic policies such as nationalizing businesses and placing heavy-handed controls on the economy.
 
“The indictment was not unexpected, but politically, it creates noise,” said Ignacio Labaqui, who analyses Argentina for emerging markets consultancy Medley Global Advisors. “Peronism is going through a leadership crisis and this could make the divisions within the party more acute.”
 
The indictment of Fernandez came a day after the president of neighboring Brazil, Dilma Rousseff, was suspended from office by the Senate while she is tried on charges of breaking budget rules.

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Mountainman:  One thing so far that has Surfaced in this GLOBAL BANKING shake Up is a Need for HONESTY and TRANSPARENCY......

Well Deutschebank has their Work Cut Out for them......Will they SURVIVE their FINANCIAL Debts though???.....That Remains to be Seen........LOOK Out Below......this Won't Be the Only BANK to take A DIVE to Try and Stay ALIVE as this New Reality Opens The DOORS of SKELETONS in the CLOSETS of BANKS.......IMO

Blessings,Mountainman   (8)=New Beginnings.......to CLEAN Out The SKELETONS

Thunderhawk:  For Deutsche Bank's Cryan, profit can wait

"You would hide trades, say the profit was from something else, manipulate pricing to disguise where it came from, all so you didn't have to give up the idea to the boss," Taylor said.

Deutsche declined to comment.

Cryan has taken a tough approach to bad behavior. His influence has already been noticed by staff. Arrogance and disrespectful behavior had become barriers to promotion, said one employee.

"We changed the people," said Cryan. "We changed the incentives. We summarily dismissed people who did something wrong and told people about it. There was a glasnost at the bank."

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