BERLIN (Reuters) - Russia may be able to join the World Trade Organization
as soon as next year, completing over a decade and a half of membership
negotiations, Prime Minister Vladimir Putin said on Friday.
"Regarding our possible accession to the WTO in 2011, I think this is possible,
and we would like this to happen," he said at a joint press conference
with Chancellor Angela Merkel. "On the whole, there are no uncoordinated
"This latest move - a continuation in a series of efforts by both countries
to move away from U.S. dollar usage in international trade - further
threatens the dollar's reserve currency status," Hao Li wrote in the
International Business Times. "China and Russia are gradually revolting
against the U.S. dollar."
Russia and China announced plans to exclusively use their domestic
currencies in bilateral trade, rather than the U.S. dollar, at a meeting in
After speaking with Chinese premier Wen Jiabao, Russian Prime Minister
Vladimir Putin stated that : "We agreed to expand the possibilities for
application of national currencies during trade and economic contacts. "
However, he noted that the decision is not based on an effort to challenge
the dollar, but rather to protect their own economies by seeking
alternative options amid the ongoing concerns in the global economy.
China recently called for SDRs to replace the dollar as the international reserve currency and diminish the US economic supremacy. This column argues that because of the huge network benefits associated with using
dollars, SDRs are not likely to supplant the dollar anytime soon as an international reserve unit, especially with the euro as a more viable competitor.......
If anything, the euro is likely to challenge the dollars pre-eminence.
The euro matches many of the dollars qualities, and its use continues to expand. Making the jump to a new international currency, even one as widely used as the euro, requires a substantial proportion of people to
make the jump in close concert. Otherwise, the network benefits are lost.
"Why the New Moon? According to many religions and spiritual paths, particularly Native American Spirituality, Shamanism, and Wicca, the New Moon represents new beginnings. Therefore, many people perform rituals during the time a New Moon is in the sky to add extra power to their own power of intention. " http://www.associatedcontent.com/article/401350/creating_a_new_beginning_with_the_new.html _________________ It has been said that "curiosity" killed the cat but it might be more accurately stated that "seriousity" killed the cat.
Either the market is as certain as I am of the
implications of the current situation, or simply
it's increasingly realizing there's something
very big underway:
Gold settles at record high, tops $1,416 Silver ends at 30-year high;
palladium comes off 9-year best
By Claudia Assis and Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures closed at a record settlement Monday on uncertainty about European sovereign debt and the potential for more U.S. dollar weakness.
Gold for February delivery, the most active contract, gained $9.90, or 0.7%, to close at $1,416.10 an ounce on the Comex division of the New York Mercantile Exchange, surpassing its Nov. 9 record settlement of $1,410.10 an ounce.
The contract earlier traded as high as $1,422.40 an ounce.
Investors zeroed in on a Sunday interview by U.S. Federal Reserve Chairman Ben Bernanke opening up for the possibility of committing more money beyond the $600 billion in asset purchases. Read more about Bernanke’s interview and potential easing
“It’s unnerving that he feels we have a need to print more money and pump more money into the system,” said Matt Zeman, a trader at LaSalle Futures Group in Chicago. “People continue to get away from paper money.”
China hungry for gold
Jonathan Ratner December 6, 2010 – 9:02 am
China is hungry for commodities and gold is no exception.
Comments from the chairman of the Shanghai Gold Exchange (SGE), indicating that China’s gold imports rose 480% on an annual basis to a record 209 tons between January and October, are providing more fuel for the price of bullion.
Sorry Fintan but I'm buying Wikileaks. Among the complaints are that they haven't yet released really hurtful documents like 9/11 proof, or for that matter, proof of what you just discussed in your last broadcast, that the US currency has lost its mojo. Wait. Wikileaks is young and just getting started as a counter to the mainstream lies.
Thanks for another great presentation, Fintan, and clarifying things that I am just too lazy to fully investigate myself. It's like way back when in high school I would look at NWO luminaries like the Rockefellers and almost all the national USA politicians and say to myself: These people are very evil, their agenda has nothing to do whatever with the goals and values of my family or community. It was through BFN and others that I at long last found out that my initial hunches were 100% correct, and exactly the reasons why.
Good news about the Euro! I have been out of the dollar for about 5 years. Back in the late 1990s I just 'had a hunch'.
The only problem I see is that continental europe, for the most part, is still becoming infested with the syphilitic cancer that is known as the NWO, but perhaps it is more propaganda than reality at this point. It seems that all of the European media have NWO-speak editors in control.
Shouldn't Wikileaks be on the CIA Fakes list?
Or maybe it's just so obvious it doesn't warrant the effort!
Gold is up a jump in Euros recently, does that suggest a bit of printing on their part too or is it just finding its true level after Euro QE1?
Over 6 months it's only up 2.42%, having dropped as low as 892 it's now 1062 - What happened in the middle there?
Are Euros also being taken out of circulation ontop of non-printing?
Anyway, glad to hear you think the Euro is solid, safe and here to stay.
I was beginning to think it was "jodido" and about to say "Adios/Au revoir/Auf Wiedersehen/Hasta la vista babe!"
Euros is what my stash of "fabas" (beans) are priced in, so I hope that IS the case. At least until I can plant them.
The Euro might be cool for Russia and China with wads of dosh and natural resources instead of a worthless Dollar, but is it that great for us wee PIIGS?
I'm sure we'd be better of with a non interest-bearing debt-ridden Peseta or Punt.
Maybe that's just a Seventh Day day dream.
P.S. Great to hear an audio again and here's to many more, Sláinte!
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