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

To: TobagoJack who wrote (78343)	8/23/2011 7:29:09 PM
From: pogohere	Read Replies (1) \| Respond to of 217542

"maybe bank of china shall buy bank of america" or maybe China will buy substantial interests in German banks and provide Germany with the wherewithal to reorganize Europe

To: TobagoJack who wrote (78343)	8/23/2011 8:11:30 PM
From: Joseph Silent	1 Recommendation Respond to of 217542

maybe bank of china shall buy bank of america to be renamed, china bank of america How about Bank Chimera-ica or just Chimerica?

To: TobagoJack who wrote (78343)	8/24/2011 3:22:28 AM
From: 2MAR$	Read Replies (1) \| Respond to of 217542

well love China & they can run our Banks anytime as far as i'm conerned ...maybe there's some astute gov't leaders over there you could loan us too ....this will go hard on her to though , no mistake if we go down . I believe 70%-80% of chinese statistics . AAPL should do well i should think , but lots of tech build outs that buoyed our giants last decade are slowing down ...fibre really got hit . Successful trade is so critical right now , US cant sustain any more shocks . Just out Chavez formalizes nationalization of gold industry finance.yahoo.com CARACAS, Venezuela (AP) -- President Hugo Chavez signed a decree on Tuesday formalizing the nationalization of Venezuela's gold mining industry, a move aimed at giving the government total control over gold produced in the South American country. Speaking during a televised speech, Chavez also announced the repatriation of $11 billion in Venezuelan gold reserves currently held in U.S. and European banks would begin within several weeks. Chavez did not offer details how the new decree differs from a 1965 law that nationalized gold mining. In 1977, the government granted itself exclusive rights to extract gold. But he suggested it would give authorities increased powers to evict wildcat miners from illegal mines. The president said that officials have contacted representatives of the company Rusoro Mining Ltd., the one private company with significant mining operations in Venezuela, to continue joint gold mining operations. Rusoro produces gold both at an open-pit mine and an underground mine that is a joint venture with the government. The company, based in Vancouver, British Columbia, has said it has had no indication from the government "of any changes to the company's operations." In February, the government canceled the gold mining concession of a Canadian company, Crystallex International Corp. In addition to repatriating gold reserves, the president of Venezuela's Central Bank has said the government plans to move other international assets to buffer the country against economic woes in the United States and European countries. Some analysts have said moving Venezuela's reserves will make investors see the country as riskier. The government is looking at the possibility of transferring its non-gold reserves to banks in China, Russia, Brazil and other nations in Asia and Latin America, according to a recent report by Finance Minister Jorge Giordani that was leaked to the local news media. The report said that about $3.7 billion of those bank reserves are at the Switzerland-based Bank for International Settlements. It said Britain-based Barclays Bank has about $1.1 billion and smaller amounts are held at France's BNP Paribas, Deutsche Bank, J.P. Morgan Chase, the U.S. Federal Reserve and World Bank. Venezuelan Foreign Minister Nicolas Maduro met with his Russian counterpart, Sergei Lavrov, on Tuesday to discuss the possibility of transferring Venezuela's non-gold reserves to Russian banks. "It's an issue that our government is considering," Maduro said.