China Shifts to Euros for Iranian Oil

Actually, I am one of those Americans worried about recession in the next 12 months. It's been the second most popular subject that I talk about on radio. I've madethat point in my CM forum. It's coming ,and it will be a self-inflicted wound.

U.S. Stocks Tumble; Fed Says Economy Is Slowing, Rates May Rise

bloomberg

Ekkk!!

Do any of the older members remember that i was proposing this is exactly what the Chinese, along with some other countries had planned, and that most members were saying "China is not going to do this to their best customer"?

For several years China, Russia, and some other countries have been buying gold like never before, and there were signs that this is exactly what they had in mind, yet very few people wanted to believe this.

Originally posted by Muaddib
Do any of the older members remember that i was proposing this is exactly what the Chinese, along with some other countries had planned, and that most members were saying "China is not going to do this to their best customer"?

Yes!

I do remember indeed. Many said that China would never do this because it would hurt them more than the United States.

I'm glad that so many of us like-minded people are meeting here, but the terrible truth is that there are STILL not enough of us speaking up on these topics.

Originally posted by Muaddib
Do any of the older members remember that i was proposing this is exactly what the Chinese,

Yes I believe you because I also has seen this coming.

How bad is our economy doing? so bad that even congress is going to get into putting in place money to help Americans that will be losing their home in this year.

I hope it works.

[edit on 12-4-2007 by marg6043]

Its just interesting that everytime there is bad news, like today about a rate hike and growing inflation, the news is quickly silenced and the stock market makes more gains

Does anyone have more to report on this topic? I have seen nothing more in the U.S. media for atleast a week.

Originally posted by Justin Oldham
Does anyone have more to report on this topic? I have seen nothing more in the U.S. media for atleast a week.

nothing.

silent. checked it out and can't find anything.

Originally posted by Justin Oldham
Does anyone have more to report on this topic? I have seen nothing more in the U.S. media for atleast a week.

Not directly related - but definately a piece of the emerging puzzle:

www.asahi.com...

Actions and words like this speak very loudly in this part of the world - and having a Chinese Premier address the Diet and speak on these issues carries a lot of weight. My hunch is that the two governments, along with South Korea - will soon make a joint effort to opening North Korea, likely by persuading Kim Jong Ill to abdicate - because every time he starts getting a little buggy everyone`s stock markets twitch.

Just something to consider...

its just interesting how quickly this has been removed from the media, this is huge.

the two of the world's economic powers caught in a trade dispute and it isn't mainstream news?

I think that the same way we had been misled to a war we are also been ling about our economy.

When we get our monthly reports I feel that the numbers have been generalized enough to make it look good.

And like that the truth can be hidden within the amount of BS that is been fed to us.

The economic numbers that we are all quote from official government sources aren't accurate at all. the raw truth is that each Presidential administration has a great deal of influence over how those numbers are computed. REmember that each incoming President has up to 3,000 political appointments at their disposal. the people who get put in charge of fixing the official figures are always beholden to the President who gave them their job.

As I studied for my political science degree, I learned that you should always think of those figures in broad terms. To get the 'real' range of those numbers, think of them as plus or minus five oercent. that's not a typo. Those numbers are not fixed. They actually represent what's called a range, which is allegedly accurate to within plus or minus five persent.

the markets are growing very fast now, the DAX in Germany is flying high...

some are starting to talk about predicting a top in the market, this bull market has been going for about 4 years now. it has to come to an end soon.

I hope those who have been reading and following all this news have been able to profit from it over the past two weeks as the Euro is hovering around 2 year highs against the dollar and will more than likely test if not break it's all time high before this year, or maybe even summer is over?



[edit on 4-16-2007 by worldwatcher]

Originally posted by worldwatcher
I hope those who have been reading and following all this news have been able to profit of it over the past two weeks as the Euro is hovering around 2 year highs against the dollar and will more than likely test if not break it's all time high before this year, or maybe even summer is over?

Not just Euro, the Pound is nearly at $2/£1.

But again, its amazing how its only get a tiny segment within the news.

Well,

its now $2/£1.

Originally posted by infinite
Well,

its now $2/£1.

I was just gonna post that and euro is looking to test 1.36

Originally posted by worldwatcher
I was just gonna post that

and euro is looking to test 1.36

its gone over $2/£1 again?

wow! it looks like the inflation figures in the UK has sent the Pound high ekkk!

Makes me wonder who is washing their dollars again. Does anyone have a lead on that possibility?