Economics

[Serjik]

Re: Economics

Wow, I guess Im back posting again (school tests are over LOL) but Hyeclub gods are deleting most of my posts...

[Haykakan]

Re: Economics

The bs of positive thinking.

https://www.youtube.com/watch?v=u5um8QWWRvo

[Haykakan]

Re: Economics

I was watching MSNBC as they were discussing growing income inequality and i made a bet with the lady next to me that they would discuss everything but the real problem and solutions. Sure enough they talked about the pope then Jesus and religion and a picture of Obama with the pope was there but not a single word about what causes it and nothing about fixing it that resembled anything remotely reasonable. This is the western media at its best - serving its corporate masters by bsing its way out of issues that really matter.

[Haykakan]

Re: Economics

RUSSIA ANNOUNCES DECOUPLING TRADE FROM DOLLAR

China will re-open the old Silk Road as a new trading route linking
Germany, Russia and China

By Peter Koenig

April 08, 2014 "ICH" - Russia has just dropped another bombshell,
announcing not only the de-coupling of its trade from the dollar,
but also that its hydrocarbon trade will in the future be carried out
in rubles and local currencies of its trading partners â?" no longer
in dollars â?" see Voice of Russia

Russia's trade in hydrocarbons amounts to about a trillion dollars
per year. Other countries, especially the BRICS and BRCIS-associates
(BRICSA) may soon follow suit and join forces with Russia, abandoning
the 'petro-dollar' as trading unit for oil and gas. This could amount
to tens of trillions in loss for demand of petro-dollars per year
(US GDP about 17 trillion dollars â?" December 2013) â?" leaving an
important dent in the US economy would be an understatement.

Added to this is the declaration today by Russia's Press TV â?" China
will re-open the old Silk Road as a new trading route linking Germany,
Russia and China, allowing to connect and develop new markets along
the road, especially in Central Asia, where this new project will bring
economic and political stability, and in Western China provinces,where
"New Areas" of development will be created. The first one will be
the Lanzhou New Area in China's Northwestern Gansu Province, one of
China's poorest regions.

"During his visit to Duisburg, Chinese President Xi Jinping made
a master stroke of economic diplomacy that runs directly counter
to the Washington neo-conservative faction's effort to bring a new
confrontation between NATO and Russia." (press TV, April 6, 2014)

"Using the role of Duisburg as the world's largest inland harbor,
an historic transportation hub of Europe and of Germany's Ruhr steel
industry center, he proposed that Germany and China cooperate on
building a new "economic Silk Road" linking China and Europe. The
implications for economic growth across Eurasia are staggering."

Curiously, western media have so far been oblivious to both events. It
seems like a desire to extending the falsehood of our western illusion
and arrogance â?" as long as the silence will bear.

Germany, the economic driver of Europe â?" the world's fourth largest
economy (US$ 3.6 trillion GDP) â?" on the western end of the new
trading axis, will be like a giant magnet, attracting other European
trading partners of Germany's to the New Silk Road. What looks like
a future gain for Russia and China, also bringing about security and
stability, would be a lethal loss for Washington.

In addition, the BRICS are preparing to launch a new currency â?"
composed by a basket of their local currencies â?" to be used
for international trading, as well as for a new reserve currency,
replacing the rather worthless debt ridden dollar â?" a welcome feat
for the world.

Along with the new BRICS(A) currency will come a new international
payment settlement system, replacing the SWIFT and IBAN exchanges,
thereby breaking the hegemony of the infamous privately owned
currency and gold manipulator, the Bank for International Settlement
(BIS) in Basle, Switzerland â?" also called the central bank of all
central banks.

To be sure â?" the BIS is a privately owned for profit institution,
was created in the early 1930's, in the midst of the big economic
melt-down of the 20th Century. The BIS was formed precisely for that
purpose â?" to control the world's monetary system, along with the
also privately owned FED and the Wall Street Banksters â?" the epitome
of private unregulated ownership.

The BIS is known to hold at least half a dozen secret meetings per
year, attended by the world's elite, deciding the fate of countries
and entire populations. Their demise would be another welcome new
development.

As the new trading road and monetary system will take hold, other
countries and nations, so far in the claws of US dependence, will
flock to the 'new system', gradually isolating Washington's military
industrial economy (sic) and its NATO killing machine.

This Economic Sea Change may bring the empire to its knees, without
spilling a drop of blood. An area of new hope for justice and more
equality, a rebirth of sovereign states, may dawn and turn the spiral
of darkness into a spiral of light.

Peter Koenig is an economist and former World Bank staff. He worked
extensively around the world in the fields of environment and water
resources.

http://www.informationclearinghouse.info/article38165.htm

[Haykakan]

Re: Economics

I just finished writing a paper on Goldman Sachs and vulture funds. How can i post a 17 page paper here without using a bunch of reply boxes?

[Haykakan]

Re: Economics

It is becoming clear that the Eurasian Union was conceived in anticipation of the events happening today (ie Ukraine). This action suggests a great deal of foresight and constructive planning by Russia for the future rarely found in USA. It is also becoming apparent that there will not be a resumption of the war in Kharabagh. The blockade on Russia imposed by the West should produce more gains then losses for Armenia which will see a substantial increase in demand for things like fruits, veggies, alcohol. minerals and other products. The sanctions by the west have substantially increased the importance of Armenia to Russia and this is a situation Armenia can use for its benefit.

[Eddo211]

Re: Economics

The sanctions by the west have substantially increased the importance of Armenia to Russia and this is a situation Armenia can use for its benefit.

I like your positive attitude......one thing Armenia must never do is to not take advantage of situations when it presents itself in politics and in defense strategy, just like now in both cases.

btw Haykakan you may have to divide your 17 page letter in several posts....or link it if you have one.

[Haykakan]

Re: Economics

Sure this is a sales pitch but it makes a lot of sense and is worth checking out.

https://www.youtube.com/watch?v=6h4-j9Jsjag

[Haykakan]

Re: Economics

RUSSIA TO BECOME FOUNDING STATE OF CHINA-LED DEVELOPMENT BANK IN MID-APRIL

(c) AFP 2015/ Takaki Yajima /POOL
BUSINESS
15:03 31.03.2015(updated 16:07 31.03.2015) Get short URL
597100
China's State Council said in a statement that Russia would become a
founding member of the Asian Infrastructure Investment Bank (AIIB) led
by China on April 14 if all existing members approved this decision.

(c) AP PHOTO/ MICHEL EULER
Moscow's AIIB Membership to Bring More Foreign Investments in Russia
BEIJING (Sputnik) -- Finland is also set to become the founding member
country of the Asian Infrastructure Investment Bank in the middle of
April, Chinese State Council said Tuesday.

The AIIB is an international financial institution hosted by China
to invest in infrastructure projects in the Asia-Pacific region. A
bill establishing the bank with a registered capital of up to $100
billion was signed by 21 countries in October 2014.

"Russia and Finland will become founding members on April 14 and
April 12, respectively, should all existing members approve," the
Council said in a statement published on its website.

(c) SPUTNIK/ SERGEY GUNEEV Boosting Bilateral Ties: Russia Vows to
Join Chinese-led Development Bank Both Moscow and Helsinki applied
to join the AIIB on March 30, a day before the deadline.

The bank has 45 member states, with March 31 being the deadline for
applications to become a founding member.

The creation of the AIIB has attracted numerous countries across the
world, including the United Kingdom, Australia, India and Saudi Arabia.

The Chinese-led project has raised concerns in the United States
that it would create competition for Western financial institutions,
with Washington reportedly exerting diplomatic pressure to stop its
allies from joining the bank.

Read more:

http://sputniknews.com/business/20150331/1020254816.html#ixzz3VyPxcuI4

[Haykakan]

Re: Economics

'MERKEL HAS LOST' - HOW THE GREECE REFERENDUM VOTE SPLIT EUROPE

Greece's rejection of a cash-for-austerity package in its referendum
on Sunday has opened old rifts between European rivals

Angela Merkel and Francois Hollande met for dinner but their positions
on the Greek crisis are far apart Photo: Etienne Laurent/EPA

By Gordon Rayner, Chief Reporter

8:10PM BST 06 Jul 2015

"Merkel has lost. Germany has lost." Not the reaction from a rabidly
left-wing Greek tabloid to the country's referendum vote, but from
Benoit Hamon, the former French education minister and ally of
Francois Hollande.

For Mr Hamon, the resounding "no" vote was "an opportunity for
Francois Hollande to resume leadership" in Europe. Old divisions run
deep across the continent, and the Greek crisis brought them right
back to the surface as Europe's financial superpowers squabbled like
children at playtime.

Watching gleefully from the wings was the Russian President Vladimir
Putin, who took the opportunity to stir the pot by ringing the
Greek Prime Minister Alexis Tsipras and offering to strengthen
"Russian-Greek co-operation".

With Greece's membership of the euro now hanging by a thread, it
became increasingly clear as the day wore on that Greece's present
will decide the whole continent's future.

Major banks now rate a Greek exit from the euro as a probability. The
man installed as Greece's new finance minister believes a Grexit would
lead to the "break-up" of the Eurozone. Elsewhere there was talk of
humanitarian aid, rather than cash, for the Greek people. Doom-laden
language was easy to come by. Answers were not.

Even before the no voters had slept off the hangover from their street
celebrations of the night before, the day began with a surprise
announcement by Yanis Varoufakis, the shaven-headed Greek finance
minister. He told his Twitter followers at 6.31 that he had resigned,
saying simply:

â~@¢ Greek economic crisis: live

Greece's rejection of further austerity measures by an unexpectedly
high 61 per cent had vindicated his hard line with European creditors,
but Mr Tsipras saw him, ultimately, as an obstacle in the road to
a new deal with Eurozone countries over Greece's 330 billion euro
debt mountain.

Mr Varoufakis said in a typically bullish blog that: "I shall wear
the creditors' loathing with pride."

In the rest of Europe, the referendum result had gone down like a
rotten oyster, but Greece had won praise from such dubious admirers
as the former Cuban president Fidel Castro, who said Greece "has won
admiration across Latin America" and Bolivia's president Evo Morales,
who called the referendum a defeat against "European imperialism".

Predictions of a collapse in share prices on European stock exchanges
did not materialise; the FTSE opened 1.07 per cent down, but major
banks rated the chances of a Grexit at 70 per cent, and Stephanie
Flanders, the former BBC economics editor who now works for JP Morgan,
said: "A messy Greek exit is now more likely than not."

The Greek people had spoken, now it was time to hear from for the most
powerful woman in the world (and the least popular woman in Greece).

Angela Merkel, a woman constantly trying to reconcile her own passion
for European union with German taxpayers' exasperation at propping
up Greece's corrupt economy, stood firm. She said she would wait to
see what proposals the Greek government came up with, but saw no
reason to enter negotiations on a new bailout programme as things
stood. She said as much in a lunchtime phone call to Mr Tsipras, who
said he would be presenting a Greek proposal for a deal at Tuesday's
crucial Eurozone summit.

The Greek Prime Minister Alexis Tsipras will meet Mrs Merkel and
other Eurozone leaders on Tuesday (Getty)

Germany's economics minister Sigmar Gabriel was rather less measured.

He made it clear that unless Mr Tsipras compromised, Greece would
only be offered food and medicine.

"For the Greek population, life will get even more difficult in the
coming days and weeks," he said. "The definitive insolvency of the
country now is an imminent threat. We must now cover their needs very
quickly, the people there need help and we should not refuse it just
because we're unhappy with the result of the referendum." This meant
"humanitarian aid", not more cash, raising the image of food parcels
being handed out on the streets of Athens.

"We can not endanger the stability of the monetary union by Greece
enforcing their own national interests unconditionally against 18 other
[countries]," he went on. Debt relief would not be offered.

It was a flat contradiction of Alexis Tsipras's position after the
referendum. He had said: "This is not a mandate of rupture with Europe,
but a mandate that bolsters our negotiating strength to achieve a
viable deal.

Exit Yanis Varoufakis (Getty)

"This time, the debt will be on the negotiating table. It is now up
to European prime ministers, meeting tomorrow, to propose any new
bailout deal including on debt."

Meanwhile the European Commission president Valdis Dombrovskis
dismissed the referendum as illegal and warned the Greeks that "there
is no easy way out of this crisis". He refused to say whether he
expected Greece to stay in the euro.

The European Central Bank had even harsher words for Greece. Ewald
Nowotny, a member of the ECB's governing council, said Greece's
suggestion of a deal within two days was "illusory" and that the no
vote had "not made it easier for the ECB to act".

And the Council of Europe - which is independent of the European Union
- warned that the referendum did not meet international standards as
it was called with one week's notice and the lengthy question on the
proposed bailout was unclear.

France, it seemed, was Greece's last ally. Mr Hamon's claims that
"Merkel has lost" reflected a desire in the country to capitalise on
Greece's woes by tilting the balance of power between the two main
architects of the European Union towards Paris.

The French Minister of the Economy, Emmanuel Macron, rather crassly
delved into Germany's troubled past by urging Europe to avoid another
"Versailles moment" with Greece, referring to the humiliating post-war
conditions imposed on a defeated Germany in 1919 that later allowed
the Nazis to flourish.

With such dark rhetoric circulating, the intervention of Vladimir
Putin was the last thing Angela Merkel would have been hoping for.

The Russian President would be all too happy to drive a wedge between
European countries, and in a phone call with Mr Tsipras he "expressed
support for the Greek people in overcoming the difficulties facing
the country", and discussed the "further development of Russian-Greek
cooperation".

It was Mr Tsipras who had initiated the call to Putin, to crank up the
pressure ahead of crucial Eurozone meetings, but it nevertheless led
to talk among some analysts of Greece joining the Eurasian Union, the
Moscow-led trade bloc that includes Belarus, Kazakhstan, and Armenia.

David Cameron, viewing events from outside the Eurozone, was distinctly
non-committal. He spoke on the phone to Mrs Merkel and met George
Osborne and the Bank of England Governor Mark Carney to discuss the
crisis, but his spokesman said: "He thinks that clearly Greece and
the Eurozone need to sit down and talk through the implications of
the result. They need to find a sustainable solution. It is a matter
for Greece and Eurozone partners."

By mid-afternoon Greece had a new finance minister, but it was not
immediately obvious whether he would be any more amenable than his
predecessor.

Euclid Tsakalotos, a 55-year-old Marxist who was educated at Oxford,
was never a fan of joining the euro, and has predicted that a Grexit
from the single currency would lead to the break-up of the Eurozone.

George Osborne's take on the day's developments as he addressed
Parliament at 4pm was that "the prospects of a happy resolution of this
crisis are sadly diminishing". He urged British holidaymakers going
to Greece to take plenty of cash and their own supplies of medicines.

The ECB announced that it had extended emergency liquidity assistance
to keep Greece's financial institutions ticking over, but Greece
faces at least one more agonising day in limbo, and its banks will
remain shut until Wednesday.

Angela Merkel and Francois Hollande sat down to dinner at the
Elysee Palace in Paris, having issued a brief statement in which Mrs
Merkel stressed the importance of Greece taking "responsibility" for
reforming its economy and Mr Hollande told Europe to show "solidarity"
with Greece.

Their brief statement distilled the divisions between the two countries
in how to handle the Greek problem, and set the tone for a crucial
series of talks on Tuesday.

They will begin with a Eurogroup meeting of finance ministers, and
culminate tonight with a summit of the 19 leaders of the Eurozone
countries.

If those talks fail, default on an ECB debt repayment due on July 20
could finally end Greece's membership of the euro, and put the whole
future of the single currency in doubt.

http://www.telegraph.co.uk/news/worldnews/europe/greece/11722044/Merkel-has-lost-how-the-Greece-referendum-vote-split-Europe.html