Page 20 of 21 FirstFirst ... 1018192021 LastLast
Results 191 to 200 of 202

Thread: Here we go!!

  1. #191
    Supporter and Investor! investindinar's Avatar
    Join Date
    Jan 2006
    Location
    Timonium, MD
    Posts
    444

    Speaking of which...

    Quote Originally Posted by dollarsign View Post
    Now, the Special Purpose Vehicle...
    The SPV was conceived as a clearing house that could be used to help match Iranian oil and gas exports against purchases of EU goods, circumventing the U.S. sanctions, which are based on the global use of the dollar for oil trade. The EU wanted to have the SPV set up by this month, but no country has offered to host it, six diplomats told Reuters last week.
    The European Union, France, Germany, Britain,
    Russia and China, participants with the United States in the 2015 deal that lifted sanctions on Iran in exchange for curbs on its nuclear program, have been trying to find ways to circumvent the U.S. limitations. In particular, the EU has been trying to establish a Special Purpose Vehicle (SPV) for non-dollar trade with Iran.

    they are GREEN with ENVY over the Dollar's role in global trade.
    I stay far away from politics,
    but they should really be focusing on this. In some agency I'm sure they are, but it would feel better if they let us know that.
    ___________________

    “It is clear that China and Russia, for example, want to shape a world consistent with their authoritarian model – gaining veto authority over other nations’ economic, diplomatic, and security decisions – to promote their own interests at the expense of their neighbors,Americaand our allies.”

    Well, someone did let us know that, thank you U.S. Defense Secretary James Mattis.

    $
    U. S. sanctions against Iran seems to have gotten a significant amount of attention these days, and it's interesting that the People's Republic of China and Russia are mentioned, along with Iran, in the same sentence. It brings to mind something from the recent past that could have an impact. The efforts by the Gulf Cooperation Council (GCC) to create a new currency to replace the USD as the petroleum currency of choice or standard, for the sales of petroleum from the Gulf nations in the international markets, did not realize fulfillment when it was supposed to in 2010. It was postponed indefinitely. However, the notion of using a basket of currencies, which would be the preferred choice of structure for the GCC currency, if it is ever implemented, as opposed to a dollar 'peg', would be to the advantage of the GCC nations, and including China and Russia. It would in effect serve to weaken, if not dethrone outright the USD as the world reserve currency, and help stabilize the economies of those nations that use the hypothetical GCC currency. It would help Russia and Iran circumvent sanctions, and help the economies of the Gulf nations by not having to depend on U. S. Federal Reserve policies for their own domestic monetary policy. The end effect would be a problem for the U. S. as it sought to adjust to the new status quo. Iraq might actually benefit as well if they were allowed entry into the GCC monetary structure.

    link: https://www.thenational.ae/business/...asket-1.700668

    Just thinking out loud.

    Merry Christmas and Happy New Year everyone.

    investindinar
    What? Me worry?

  2. #192
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053
    thinking out loud is good, a chance to learn from others.

    Merry Christmas, and Happy New Year as well.

    $

  3. #193
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053

    Timing and content...

    https://www.bis.org/publ/work762.pdf

    Our argument advances in four steps. Our first step is to use the inductive technique of Haldane and Hall (1991) and Frankel and Wei (1996) and following Kawaiand Akiyama (1998, 2000), McCauley and Chan (2014), BIS (2015) and Ito and Kawai(2016), to divide economies among currency zones according to the co-movement of their currencies. An economy forms part of the dollar zone not only if its currency is pegged to the dollar, but also to the extent that its floating currency varies less against the dollar than against euro, yen or sterling. As discussed below, this can result not only from exchange rate policy but also from follow-the-leader monetary policy.It can also arise from market forces, operating against the backdrop of trade links in accord with the gravity model.Our first major finding is that the dollar zone spans 50-60% of the world economy, not just the US economy’s share of a fifth to a quarter. This share is smaller than that of Ilzetzki et al (2017), who find that the dollar zone covers 70%+ in recent years, but similar to the 60% of Tovar and Nor (2018), who use much the same technique as we do. We observe this consistently despite major tectonic shifts. The sterling zone disappeared by the 1970s. And the Deutsche mark and later the eurozone spread out from its core in north western Europe and in recent years gained at least partial adherence from commodity currencies.
    ______________________

    This type of research is done for a reason, not randomly. Clearly defined global imbalances have a cost, and will be re-balanced.

    $
    Last edited by dollarsign; 12-23-2018 at 05:31 PM.

  4. #194
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053

    Imbalances...

    KUWAIT (Reuters) - Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries and production policy will be decided based on the study, Thamir Ghadhban, Iraq’s oil minister said on Sunday at a meeting of the Organization of Arab Petroleum Exporting Countries in Kuwait.
    ___________________

    a major imbalance already exists between the values of their currencies and the Dollar. when they get to the point where they set production policy on a joint field, do you think one side might say, we're both producing from the same place, but theirs is worth this per dollar, and ours are only worth...
    though it's all priced in dollars, it just doesn't give them the same amount of purchasing power as things are now. also, there's pride involved.

    $


  5. #195
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053

    CBI Site- Arabic

    https://cbi.iq/news/view/949
    To the
    companies that mediate the sale and purchase of all foreign currencies ( questionnaire )
    ( if you wish to receive them paper please check the administrative code in the Department of Banking Supervision )


    Are you freakin kidding me?
    December 24, 2018
    $


    Last edited by dollarsign; 12-24-2018 at 07:38 PM.

  6. #196
    Supporter and Investor!
    Join Date
    Jun 2006
    Posts
    698
    Merry Christmas and thanks for sharing your perspective.
    [Still kicking]

  7. #197
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053
    Merry Christmas, and if they haven't been using paper, well, never mind!
    Here's to kicking a little harder.

    ​$

  8. #198
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053
    New thread for the new year coming. much has happened in the year since this one started, so it's on to the next one. Happy New Year.

    $

  9. #199
    Supporter and Investor!
    Join Date
    Jun 2006
    Posts
    698
    Happy New Year DS. Thanks for the posts. Nice to be Q 'd in.
    [Still kicking]

  10. #200
    Supporter and Investor!
    Join Date
    Aug 2007
    Posts
    1,053
    Happy New Year 40plus, my pleasure.

    ​$

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered byvBSocial.com and Block Facebook