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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26201)	12/9/2007 11:40:14 AM
From: 10K a day	Respond to of 217752

LOL. I don't think Keith will get a Christmas card from Bush.

To: TobagoJack who wrote (26201)	12/9/2007 12:47:55 PM
From: Arran Yuan	Respond to of 217752

Economically draining on the Iraq War, albeit rooted out the immediate threat to the US FRN$, it just found its way to the same end with different speed and route. This is not good, and should not be tolerated. Thus, US is backing off from the hard wall of Iran. Although this does not necessarily mean that Iranians could sleep with their guard down, somebody else should be more alert now. With the 1998 Kosovo war aimed at deterring Euro from gaining ground rapidly, it might be time again to play with it - an independent Kosovo? EU and Russia in a one stone two birds party? Pakistan and some other Stans could come into play for tieing down Russia, too, while China and India are not far fetched. Interesting time ahead and soon!!! More Au bars and Ag coins!!!

To: TobagoJack who wrote (26201)	12/9/2007 2:29:48 PM
From: SiouxPal	Respond to of 217752

Great post.

To: TobagoJack who wrote (26201)	12/9/2007 9:40:24 PM
From: Sea Otter	Respond to of 217752

yup, that about sums it up!

To: TobagoJack who wrote (26201)	12/10/2007 3:00:35 AM
From: elmatador	Respond to of 217752

Brazil's sovereign fund to target currency By Jonathan Wheatley in São Paulo Published: December 10 2007 02:00 \| Last updated: December 10 2007 02:00 Brazil is to create a sovereign wealth fund with the primary aim of intervening in foreign exchange markets to counter the appreciation of the country's currency, said Guido Mantega, the finance minister. "It will have the function of reducing the offer of dollars in the market and helping the real to appreciate less," he told the Financial Times. His statement adds to controversy surrounding the fund, first announced by Mr Mantega in October. Since then, funding plans and objectives have undergone several revisions. The uncertainty has caused concern among investors and officials at the country's central bank. The fund appears to differ substantially from funds operated by other countries. Under Mr Mantega's original plan, the fund would have drawn on Brazil's foreign reserves, which have risen quickly this year to about $180bn. That plan sparked a behind-the-scenes dispute between the finance ministry and the central bank. Darwin Dib, economist at Unibanco, a São Paulo bank, said the plan was unorthodox and that that level of firepower would have no lasting impact on exchange rates. He said the proposal raised doubts over the government's commitment to Brazil's floating exchange rate regime. A central bank official said: "The big victory for the central bank is that the fund will have nothing to do with Brazil's foreign reserves and nothing to do with the central bank." But in an interview with the FT in Brasília last week, Mr Mantega said the fund would indeed affect the accumulation of reserves and would share the central bank's source of funding at the national treasury. Current rules say intervention in currency markets is the sole prerogative of the central bank.