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To: russwinter who wrote (20320)10/20/2004 9:51:55 AM
From: Haim R. Branisteanu  Respond to of 110194
 
EUR / USD Contemplating if I shouldd sell another 1/3 covered calls on my EUR holding - it seems the FX manipulators got in full force since Oct 8. - wild swings in each direction - interesting "channel" building since end of August.



To: russwinter who wrote (20320)10/20/2004 10:05:56 AM
From: Square_Dealings  Read Replies (2) | Respond to of 110194
 
I cant believe CFC is down 12% and the VIX is unchanged

M



To: russwinter who wrote (20320)10/20/2004 11:35:50 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Rationale (or more accurately SWAG) is this: Keeping Yen at least through the weekend, in case there is a surprise Chinese re-peg.

If China repegs, why would that make Japan want to hold US$.

Does not compute.
I do not know what the rationale is, but it is clear Japan is buying US$ today. That is going to really piss off Europe too.
Watch what happens when the EU joins the party. Amazing.

Mish



To: russwinter who wrote (20320)10/20/2004 11:51:02 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Since we don't seem to be able to win the hearts and minds of Iraqis by bombing them we have another idea; take away their seeds. Only in "bushworld".

10/17/2004
American Multinational Firms Stealing Iraqi Grain Seeds
Staff of GRAIN

When the Food and Agriculture Organisation (FAO) celebrates biodiversity on World Food Day on October 16, Iraqi farmers will be mourning its loss.

A new report [1] by GRAIN and Focus on the Global South has found that new legislation in Iraq has been carefully put in place by the US that prevents farmers from saving their seeds and effectively hands over the seed market to transnational corporations. This is a disastrous turn of events for Iraqi farmers, biodiversity and the country's food security. While political sovereignty remains an illusion, food sovereignty for the Iraqi people has been made near impossible by these new regulations.

"The US has been imposing patents on life around the world through trade deals. In this case, they invaded the country first, then imposed their patents. This is both immoral and unacceptable", said Shalini Bhutani, one of the report's authors.

The new law in question [2] heralds the entry into Iraqi law of patents on life forms - this first one affecting plants and seeds. This law fits in neatly into the US vision of Iraqi agriculture in the future - that of an industrial agricultural system dependent on large corporations providing inputs and seeds.

In 2002, FAO estimated that 97 percent of Iraqi farmers used saved seed from their own stocks from last year's harvest or purchased from local markets. When the new law - on plant variety protection (PVP) - is put into effect, seed saving will be illegal and the market will only offer proprietary "PVP-protected" planting material "invented" by transnational agribusiness corporations. The new law totally ignores all the contributions Iraqi farmers have made to development of important crops like wheat, barley, date and pulses. Its consequences are the loss of farmers' freedoms and a grave threat to food sovereignty in Iraq. In this way, the US has declared a new war against the Iraqi farmer

todaysalternativenews.com