Full Money Market

Posts Tagged ‘china’

On July 2, 2009 Monty Guild CEO of Guild Investment Management in Los Angeles, California was a part of a panel of financial and investment experts on CNBC Reports. He discussed the economic growth of the emerging BRIC economies and the increased value of America’s exports as the dollar decreases in value.

www.guildinvestmentmanagement.com

Duration : 0:2:49

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Technorati Tags: Brazil, BRIC, china, down, economy, entertainment, exports, food, foreign, Global, in, India, investing, Investment, Markets, money, Russia

Gerald Celente is on the record for accurately forecasting and naming the current “Great Recession”; for forecasting the 1987 Stock Market Crash, the Dot-com bust, Gold Bull Run to Begin, 2001 Recession, the Real Estate bubble, the “Panic of ‘08″, Tax Revolts, the coming “Greatest Depression” and many more social, economic, business, consumer and geopolitical trends

http://www.infowars.com/

http://www.trendsresearch.com/

Duration : 0:10:52

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March 10 (Bloomberg) — Bloomberg’s Courtney Donohoe reports on the performance of the U.S. equity market today.
Stocks rose for a second day as a drop in wholesale inventories and improvement in corporate bond markets added to signs the economy is strengthening, overshadowing concern China will raise interest rates.(Source: Bloomberg)

Duration : 0:1:51

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March 4 (Bloomberg) — Maged Shawky, chairman of Egypt’s stock exchange, talks with Bloomberg’s Maryam Nemazee and Susan Li about efforts to attract additional foreign investment in Egypt. (Source: Bloomberg)

Duration : 0:3:56

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http://www.kereport.com/

GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf

The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.

Duration : 0:6:1

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Technorati Tags: audit, ben, Bernanke, celente, china, civil, Crisis, deception, Fall, fed, federal, FIAT, food, GATA, gerald, Germany, gold, hyperinflation, Inflation, Investment, lawsuit, market, money, News, obama, of, oil, Paul, peter, report, republic, reserve, Ron, schiff, silver, soros, stagflation, stated, stock, The, United, unrest, weimar

http://www.kingworldnews.com

The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, lemetropolecafe.com. In this GATA roundtable interview we will have Chris Powell, Bill Murphy and Adrian Douglas.

GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

http://www.gata.org/files/GATAFedResp…

The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.

Duration : 0:10:0

Read the rest of this entry »

Technorati Tags: Adrian, audit, ben, Bernanke, bill, celente, china, civil, Crisis, deception, Douglas, Fall, fed, federal, FIAT, food, GATA, gerald, Germany, gold, hyperinflation, Inflation, Investment, King, lawsuit, market, money, Murphy, News, obama, of, oil, Paul, peter, Powell, report, republic, reserve, Ron, schiff, silver, soros, stagflation, stated, stock, The, United, unrest, weimar, World

http://www.kingworldnews.com

The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, lemetropolecafe.com. In this GATA roundtable interview we will have Chris Powell, Bill Murphy and Adrian Douglas.

GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

http://www.gata.org/files/GATAFedResp…

The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.

Duration : 0:10:0

Read the rest of this entry »

Technorati Tags: Adrian, audit, ben, Bernanke, bill, celente, china, civil, Crisis, deception, Douglas, Fall, fed, federal, FIAT, food, GATA, gerald, Germany, gold, hyperinflation, Inflation, Investment, King, lawsuit, market, money, Murphy, News, obama, of, oil, Paul, peter, Powell, report, republic, reserve, Ron, schiff, silver, soros, stagflation, stated, stock, The, United, unrest, weimar, World

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Monday, August 31 12:48:54

A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.

The State-owned Assets Supervision and Administration Commission, the regulator and nominal shareholder for state-owned enterprises (SOEs), told six foreign banks that SOEs reserved the right to default on contracts, Caijing magazine quoted an unnamed industry source as saying in an article published on Saturday.

While the details of the report could not be confirmed, it was Monday’s hot topic in financial circles from Shanghai to Singapore as commodity marketers feared that companies holding underwater price hedges could simply renege on the deals, costing banks millions of dollars in profit.

The warning from SASAC follows a series of measures from Beijing this year to crack down on the sale of derivative products by foreign banks to Chinese enterprises, principally big consumers, who bought protection against higher prices last year only to watch the market collapse — leaving them with losses.

While many companies including top airlines have come clean on the losses, some analysts fear another wave may follow.

“I wouldn’t be surprised if more state firms emerge with big derivatives trading losses, otherwise SASAC wouldn’t come out with such a radical move,” said a Hong Kong-based derivatives analyst, who like most other industry officials and bankers declined to be named due to the high sensitivity of the issue.

A SASAC media official said on Monday that he was waiting for the “relevant department’s” official comment before he can clarify to media. A government official said that the Bureau of Financial Supervision and Evaluation under SASAC was handling the issue. The official declined to be named and did not elaborate.

Spokespersons at Goldman Sachs and UBS declined comment, and media officials at Morgan Stanley and JPMorgan were not immediately available for comment. All are major global providers of commodity risk management.

No bank were named in the Caijing report. The SASAC media officer also declined to identify any specific banks.

“It’s a handful of companies who are being encouraged by regulators to re-negotiate,” said a second banking source. “It’s outrageous, but it’s China, so everyone is treading very carefully.”

For banks that are hoping to sell more derivatives hedges in China, the world’s fastest-expanding major economy and top commodities consumer, the danger goes beyond the immediate risk to existing contracts to the longer-term precedent that suggests Chinese companies can simply renege on deals when they like.

The report follows an order from SASAC in July that required all central government-controlled state companies engaged in trading derivatives to make quarterly reports about their investments, including details of holdings and performance.

But the reported letter opened several important questions that could not immediately be answered. “If we were among the banks receiving that letter, we would be very angry. But now the key is to find out more details on the letter: In whose name the letter was issued, the government or the corporate’s? And under what was the reason for defaulting?” said a Singapore-based marketing executive with a foreign bank.

The source, whose bank did not receive a letter, said that Air China, China Eastern and shipping giant COSCO – among the Chinese companies that have reported huge derivatives losses since last year – had issued almost identical notices to banks.

“If it’s in the name of the government, the impact will be very negative,” said the source, who declined to be named.

Beijing-based derivatives lawyers said the so-called “legal letter” has no legal standing — SASAC as a shareholder has no business relationship with international banks.

“It’s like the father suddenly told the creditors of his debt-ridden son that his son won’t pay any of his debt,” said a lawyer from the derivatives risks committee of the Beijing Lawyers Association. (C ) Reuters

Duration : 0:3:27

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Technorati Tags: Bank, bubble, china, Chinese, collapse, crash, derivatives, dollar, gold, goldman, Investment, market, rmb, sachs, silver, stock, Yuan

http://www.kingworldnews.com

The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, lemetropolecafe.com. In this GATA roundtable interview we will have Chris Powell, Bill Murphy and Adrian Douglas.

GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

http://www.gata.org/files/GATAFedResp…

The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.

Duration : 0:10:0

Read the rest of this entry »

Technorati Tags: Adrian, audit, ben, Bernanke, bill, celente, china, civil, Crisis, deception, Douglas, Fall, fed, federal, FIAT, food, GATA, gerald, Germany, gold, hyperinflation, Inflation, Investment, King, lawsuit, market, money, Murphy, News, obama, of, oil, Paul, peter, Powell, report, republic, reserve, Ron, schiff, silver, soros, stagflation, stated, stock, The, United, unrest, weimar, World

Schiff discusses retail sales, CPI, the markets, unfair political attacks.
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