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


To: TobagoJack who wrote (41011)10/10/2008 11:25:20 AM
From: elmatador  Read Replies (1) | Respond to of 217767
 
elmat reports from Angola. on pick up truck to shelter site running 3G. inflated home prices. 15K per month. payment in advance.
oil men pay happily since they deduct that money from the royalties they pay to the Angolan government. we, who are normal business area screwed because the inflated prices applies to us.

the shelter I am going is the old fox hole of president Eduardo dos Santos drinng civil war. today he lives in a palace but his yatch is parked there. so my first shelter to come up must be that one.
we get 75% of equipment value on delivery. good terms and conditions so we have to make effort to make the customer happy.

Chinese all over the place. they drive on top of trucks like the angolans. showing how a socialists country works. this is leading by example. I went -last Saturday- to a a few drinks in Ilha, a piece o land that protrudes into the sea, there the Chinese were mixing cement under flood lights, ON PURPOSE AS ANGOLANS WERE ON A QUEUE TO GO INSIDE DISCO!!!!!!



To: TobagoJack who wrote (41011)10/10/2008 2:08:43 PM
From: elmatador  Read Replies (2) | Respond to of 217767
 
suspending the markets for the time it takes to rewrite the rules is being discussed

Like Elmat keep saying here:
seat down around the table and put forward new economic world order.

Berlusconi Says Leaders May Close World's Markets (Update1)

By Steve Scherer

Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''

``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''

The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. The Dow was down 0.5 percent to 8540.52 at 10:10 in New York.

Group of Seven finance ministers and central bankers are meeting in Washington today, and will stay in town for the International Monetary Fund and World Bank meetings this weekend. European Union leaders may gather in Paris on Oct. 12, three days before a scheduled summit in Brussels, Berlusconi said today, while Group of Eight leaders may hold a meeting on the crisis ``in coming days,'' he said.

Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ``talking about a new Bretton Woods.''

The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.

To contact the reporter on this story: Steve Scherer in Rome at scherer@bloomberg.net



To: TobagoJack who wrote (41011)10/10/2008 2:30:51 PM
From: Haim R. Branisteanu  Read Replies (3) | Respond to of 217767
 
All you write may be true but please explain why GOLD is now down over $50 - to me it is a big puzzle as paper money is transformed in useless confetti by the day - after all we ALL - trust in GOD <GGG> but not so much in the US Treasury

The Puzzled for the day