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

To: TobagoJack who wrote (51782)	6/28/2009 5:16:34 AM
From: elmatador	Read Replies (1) \| Respond to of 218137

The case to remove the USD: I buy equipment from Huawei and pay in USD. I earn my money in Kwanza and deposit it in my bank. I go to my bank and say pay Huawei that amount of USD. Show them the contract I have with Huawei. They get the paperwork done, and go to CB give my Kwanzas, get USD and wire it to Huawei in China. I buy my services from Huawei too. (Those heavy construcion jobs you saw on the photos below.) This is paid, not in USD. It is paid in Kwanza. Huawei send me an invoice and I tell my bank to pay Huawei. But my contract states Kwanza, not USD. Now Huawei has lots of Kwanzas in its bank here but cannot pay subcontractor who contract is USD.Huawei seeing his subcontratcor running out of money, asks a bank in HK to pay subcontractor UDS ending up with a debt in USD in HK. Subcontractor has imported USD into Angola to buy those machines and mobilize for heavy construction. They now have USD and take those USD to pay the bank it loaned money to buy the machinery. US love that because people are working hard and US profits from the demand of USD they are printing. But why the world of business has to deal away with this relic USD, is asking Lula? His point being: Huawei accepts Kwanza for its services and equipment. Sonangol accepts RMB for its oil. Trade moves goods. Trade exists to move goods and services not paper money. Now if Belgium buys a truck load of diamonds and pays in €, Endiama the diamond company, sells € to CB here and get Kwanzas. So at CB level it handles currencies but 'isolates' the world of business from the currencies juggling exercise. for the countries with which there is big trade flows, it is much better to use local currencies rather than pays the US, to make a calculation using USD.

To: TobagoJack who wrote (51782)	6/28/2009 1:13:16 PM
From: elmatador	Respond to of 218137

All rise! The judgement of Gov starts. The Thread court is in session. Judge: Gov. Sanford you are accused of betraying your wife. Lying to the public officials. Travelling without notifying your deputy. Make a private trip on state funds. And to give bad example to the youth. What can you say on your defense: Sanford: You honor, I served the State of S. Carolina faithfully and to the highest standards. But the past year has been gruelling. The tax revenue is going down. We cannot cut expenses. The Democrats surely would not bail us out. Facing default, I decided to go to Argentina on a mission for the benefit of the state of South Carolina. Judge: What kind of mission. Why would think, going for a tango in Buenos Aires, eat tender meat barbecue Churrasco and drink Santa Helena wine listening to Astor Piazolla music in one bodega is for the good of your state Sanford: Your honor, if there is a place that understands about default it is Argentina. Thus there I sought to find what a default is executed. And as you can see they defaulted and are doing all right. Elmat:In this case my verdict is Not Guilty!