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Global Dash For Trash Hits An African Wall
Do not panic, but it seems the flood of liquidity and central bank largesse can only do so much. The much-discussed issuance of 10 year Rwanda debt at a 7% yield earlier in the month made more than a few of even the most die-hard momo junkies look up from their 'Buy' keyboards for a brief second. In the past few days, something rather disturbing has occurred in this ultimate arbiter of risk-on demand... Rwanda bonds are selling off... now up 15bps in yield since issuance. Have no fear though as we are sure Abe, Bernanke, or Draghi will be along shortly with a plan to help SME lending in Rwanda... or will promise to do 'whatever it takes' to ensure Rwanda yields are not manipulated by speculators...
Of course, all this 'concern' is unwarranted as in the three weeks since Rwanda issued its 10Y bond, US treasury yields have risen 30bps so 'theoretically' Rwanda's risk has dropped around 16bps - all hail the central banker...
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IS this OFF TOPIC?
It had to be the best deal in town.
Ever since the HKMEX opened two years ago to the day the manipulating went on through the night. But lately with the relentless takedown and hammering the PMs have seen the HKMEX was “untill now” able to deliver gold or silver at spot prices. In south China the traders are accumulators of the physical metal, they will never trade real money until the true market price is revealed.
And this is what we are waiting for. A true default history is made!
Next London and New York
http://beforeitsnews.com/gold-and-precious-metals/2013/05/hkmex-to-cease-trading-will-close-out-cash-settle-open-contracts-monday-2502374.html
http://www.mondovisione.com/media-and-resources/news/hkmex-successfully-closes-out-all-open-positions/
http://www.scmp.com/news/article/1240917/hong-kong-mercantile-exchange-closes-its-doors
http://www.brotherjohnf.com/archives/171168
http://www.investorvillage.com/smbd.asp?mb=144&mn=114842&pt=msg&mid=12805145
You already posted this in othet threads... dont repeat please...
Chant it from the rafters:
"I'm an idiot, I have a Before it's News link"
Either that or change your handle from "Badabing" to "Threadcrapper".
Either that or change your handle from "Badabing" to "Threadcrapper".
I apologize I just can’t believe that ZH hasn’t said a word.
Ill shut up
They supposedly found bigfoot's ghost on and ancient alien ufo, and that's not here either.
But this is about Gold/silver not big foot in your assfire.
Free crack parties only last for so long, then the house burns down.
I'm going to sell bonds backed by the full faith and credit of Tyrone the Detroit crack dealer. You know he's good for it.
When the bitches don't pay, Tyrone gets his money.
They'll be going out with a 100% 10 year yeild. If the junkies want their next fix. They gonna pay double.
Silver is down 9% since Rwandan bond yields rose from 7% to 7.14%. Silver is the true trash thanks to Bernanke.
They're trying to train the monkeys to buy their garbage....personally I'm not buying any of it and metals such as guns, ammo, and edged instruments are the real value buy to me.
Look, Africans are people too. They deserve all the help our central banks can give them, particularly if their 'leaders' agree to keep buying USTs and accepting USDs in exchange for things of actual value.
As I recall the trained monkeys killed off most of the humans there back in 1994.
rwanda has to borrow since the international community stoped "helping & promoting" their economy ... seeing how they were stealing's RDC's GDP (now at 7 billions, what a joke !)
Reminds me of a joke. Three diplomats are sitting in an office in Nigeria--one from Indonesia, one from Pakistan, and one from Nigeria.
The Indonesian diplomat asks the others, "so did you guys hear about that new state of the art suspension bridge that we received a $4 billion loan for from the world development fund?" The others replied that they had. The Indonesian diplomat pointed at himself and grinned: "$1 billion."
The Pakistani diplomat said "That's nothing, did you hear about that nationwide irrigation system that we received an $8 billion loan for?" The others replied that they had. The Pakistani diplomat pointed at himself and grinned: "$4 billion."
The Nigerian diplomat then strolled over to the window, gestured outside and said "Do you see that hydroelectric dam over yonder that we received a $50 billion loan for?" The others looked out the window and saw no dam as far as the eye can see. The Nigerian diplomat pointed at himself and grinned: "$50 billion."
Yesterday they dennounced on TV that the Argentinean VICEPRESIDENT had flown to Uruguay without passing either inmigration or customs with two full large bags full of 500 euro bills. Either the shit is about to hit the fan or he is planning to get the money back into the Country using the total moratory approved into law by the local congress (lackieas to government) that allows black money to enter the country with no questions asked about origin of the funds...
Perhaps he's an FX options day trader on the side, and was personally delivering a EUR put?
Two large bags of 500euro bills in cash is like what, 50 similarly sized bags of digital money?
Priceless-- well likely not but worth what he paid.
Original source: http://www.elobservador.com.uy/noticia/251070/lanata-denuncio-vuelo-de-b...
Translated source: (not a very good translation but works) http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=es-4...
Argentina's government is as criminal as the US one, but in an incredibly OVERT way, what goes on in the USA is COVERT. At least most people can enjoy the peace of not knowing...
Untiil next time,
Engineer
Note: the government also changed another law that allows them to bring the members of the council that hires/fires judges in a single list with the main national election candidates. Oh, also here you don't vote for your district or state senator, you vote for a party for all representatives and senators. Their only accountability is to the governing party! And they call that democracy...
Interesting. Apparently the sovereign bond market is where "those whom we must not name's" love affair with all things African ends.
Kind of reminds me how you never hear anyone demanding affirmative action hiring of airline pilots.
Kind of reminds me how you never hear anyone demanding affirmative action hiring of airline pilots.
LOL, that was a VERY good one... LOL
With a little help from Susan Rice, they can alter the talking point "Junk Bond" to being called the 'Machete Bond'.
And where was Susan Rice during the Rwandan genocide?
And who was the "other side" of the State Department cavorting with right across the border?
Those are the rather difficult questions, which will remain unanswered.
Can you even click n buy Rawandan bonds?? Probably still paper based?