Adapted from my blog. Original post May 2, 2014. One of the biggest advantages of trading forex is that global political events often turn themselves into excellent market opportunities. Take, for instance, the turmoil in Ukraine. As the instability in that region grows, and capital flows out of Russia seeking safer havens, such opportunities are on the horizon. If you’re not familiar with what has been happening there, here’s a brief rundown of the past few months. Putin Outplays the West February 22nd- Ukranian President Viktor Yanyukovich is removed from office and flees the country. March 21st- Following weeks of protests for secession, Russia annexes the ethnically Russian Ukranian region of Crimea. The US immediately sanctions several prominent Russian politicians and business leaders. April 4th(ish)- Russia masses 40,000 troops on Ukraine’s Eastern border. April 25th- Russia raises the ruble’s interest rate to 7.5%. May 2nd- Ukrainian army forces clash with pro-Russian separatists in the Eastern cities of Odessa and Slovyansk. What Happens Next? Amid all the sabre-rattling and mindless media coverage, one can discern a pattern to Russia’s behavior in Ukraine that has been used recently in other conflicts. In 2008, Russia invaded Georgia and all but annexed the regions of Abkhazia and South Ossettia. Putin then employed a similar strategy of fostering political unrest before invading the region to ‘liberate’ ethnic Russian populations, and repeated the process in Crimea. It stands to reason he will do so again in Ukraine’s industrial, and Russian speaking east. This is assuming Putin doesn’t fear the threat of economically damaging and sweeping sanctions from the West. After all, Russia’s largest exports – oil and natural gas – have willing buyers in India and China, if not Eastern Europe. Putin has been in power for 14 years in Russia – long enough to turn his gaze beyond domestic squabbling and toward a more global stage, and the short term pain these sanctions would cause may not be enough to deter his advance. So Where Is the Trade? There are two outcomes I see as likely. Both offer excellent trades in the near future. 1) Russia invades Ukraine, or continues to support pro-separatist rebels in the east. This prompts expansive Western sanctions on May 25th and the ruble continues its decline. Investors will flock to more stable, high-yielding currencies like the NZD and to a lesser extent the TRY (whose issues will pale in comparison to the ruble), providing extended carry-trade opportunities for speculators. 2) Russia somehow avoids Western sanctions and looks to attract foreign investment once more with the ruble’s tasty 7.5% interest rate. Short USD/RUB will become an attractive mid-term trade as the ruble bounces back from its long decline of early this year. Either way, opportunity is on the horizon! We will certainly be keeping an eye on the events in Ukraine to determine where best to invest our capital, and will keep you updated on the blog and twitter as the situation unfolds. Agree with my analysis? Disagree? Let's hear it, forex!
forex trading signals Forex Hub is the fastest growing Best Forex (Trading) Signals Provider with his known presence across the world. We have the best currency analyst team work together to deliver higher success rate on monthly basis. We mostly provide intraday signals after proper analysis through the valuable indicators and financial data. Company is too old in to the financial market and possess the great knowledgeable analyst staff all are very skilled and professional. We as company follow the rules ethically and put serious efforts to deliver the highest return which is dreamed by our clients and provide service as per clients expectations and risk appetite. We set our goals in advance for delivering best return on weekly basis and our staff work hard to deliver the targeted results. Forex Hub has well developed infrastructure with a good working atmosphere for the employees which deliver the highest possible outcome in terms of our clients satisfaction. We Provide the signals with Entry, Exit, SL, and one TP and also take care of proper risk reward ratio. Our mission is to be the best Forex signals provider with our clients base more than 20000 till 2022. Our signal cover almost all countries where Forex trading is legal. Our servicing countries includes United Kingdom (UK), Singapore, Australia, Hong-Kong, United States (USA), Canada, Brazil, South Africa, Portugal, Germany, France, Italy, Netherlands, UAE, Switzerland, Russia, Saudi Arabia, Malaysia, Denmark, Ukraine and 96 plus countries in the world. We mostly provide signals in –EUUSD | GBP/USD | AUD/USD | EUJPY | USD/JPY | USD/CAD | USD/CHF | NZD/USD | EUCHF | EUGBP | EUAUD | GBP/JPY | GBP/CHF
Yes, I know there's a lot of lists out there but they all seem a bit .. commercial. Not real.. I'm a traveller of almost 8 yrs. Getting tired of moving around so much. Been trading stocks to fund my travels. Currently looking into forex for a more comfortable way to travel. So far Vietnam has been the best place for good reliable internet and good value for accommodations, not to mention an interesting place to explore when I get bored. Any other digital nomads out there? What's your favorite country for resting and working? Lviv, Ukraine was also nice except for the neo nazi white supremacists and ironically turkish sex tourists. Bali was great but terrible internet disqualified it for me. Thailand was great but too many trashy sex tourists. Looking for something a bit cleaner (tourists wise) Currently in Mexico where u get 6 month tourist visa and good internet. Great food. Interesting culture. Considering Argentina for my next stop but it's much more expensive.
https://www.bitforex.com/en/invitationRegister?inviterId=2083235 Hi, friends. In this article I want to review BitForex – exchange for trading digital assets. At the time of writing, BitForex is ranked 8th in the CoinMarketCap ranking in its category. BitForex exchange review Bitforex exchange is a platform for trading digital assets, which was established in June 2018 in Seychelles. Bitforex is headquartered in Singapore. In less than 9 months from the start of work, the exchange team was able to expand the range of tradable assets to 165 units. Funds for the development of this exchange were raised through ICO. During this process, the BitForex team, which includes former employees of Microsoft, Lenovo, Tencent and other companies, sold 10 billion BF tokens. The following funds took part in bitforex ICO: Node Capital; Qtum Foundation; Dragon Chain Capital; Block Origin and others. The BitForex trading platform uses an internal currency called BF Token. Using this token, all traders of the exchange have the opportunity to receive additional benefits:
Daily analysis of cryptocurrencies 20191109 (Market index 38 — Fear state)
https://preview.redd.it/ofi0c61nnmx31.png?width=735&format=png&auto=webp&s=c57ef91e3ce26cc1ea8ab8f0c96f17c9c5f68bf5 Malaysia To Impose Restrictions On Cash Transactions The Malaysian government plans to impose restrictions on cash transactions reports local media platform The Star. According to the publication, the move is part of efforts to combat money laundering in the country. Commenting on the plan, Datuk Abdul Rasheed Ghaffour, the deputy governor of Malaysia’s Central Bank Negara (BNM), remarked: “This is to address the abuse of physical cash used for illicit activities.” Malaysian economist, Barjoyai Bardai believes the proposed cash transaction limit in the country could boost digital currency adoption. EU Is Working On ECB Digital Currency With Possible Progress Next Year According to Reuters, progress on the feasibility of a digital currency backed by the European Central Bank could be made in the coming months, senior officials said on Nov 8, cautioning that the project faced challenges and was for the long term. Tunisia Issues Central Bank Digital Currency On Nov 9, the TASS news agency reported that the Central Bank of Tunisia was to be the first to release a digital currency. The ‘E-dinar’ was officially launched in the test form at the Forex Club of Tunisia, with a symbolic transfer of one dinar between the head of the central bank, Marouane El Abassi, and a representative of the International Monetary Fund (IMF). At the time of writing, Bitcoin is trading down nearly 5% at its current price of $8,850, which marks a notable drop from its 24-hour highs of $9,300. Prior to today’s drop, Bitcoin has been caught in a relatively tight trading range between $9,000 and $9,500 for a couple of weeks, and neither bulls nor bears had been able to incur enough strength to push the crypto out of this trading range until early this morning when bears forced it below its lower range boundary at $9,000. In the time since its drop, BTC has shown no sign of slowing its decent, as it continued to slowly grind lower as the morning dragged on. Review previous articles:https://email@example.com
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality:Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.HTMLCOIN (HTML):09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.Harmony (ONE):09 November 2019 Indian Meetups Come & meet us in person on November 9th in our meetups in Bangalore & New Delhi!
Encrypted project calendar（November 10, 2019）
Bibox Token (BIX):10 November 2019 Bibox Summit “Bibox Summit 2019 — Maximizing Profit On Uptrend Season” from 1 PM — 5 PM (ITV) in Ho Chi Minh City.TRON (TRX):10 November 2019 AMA w/Kucoin Co-founder “Join us on Nov 10, 6:00 PM(PST) for an AMA with TOP, Co-Founder of@kucoincom, in our English Telegram group…”
Encrypted project calendar（November 11, 2019）
PAX/Paxos Standard:Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference.Crypto.com Coin (CRO):and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore.GoldCoin (GLC):11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”Horizen (ZEN):11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.SINOVATE (SIN):11 November 2019 Roadmap V3 SINOVATE (SIN) Roadmap V3 will be released with new upcoming technologies and proof of concepts!0x (ZRX):11 November 2019 0x V3 Vote Ends “The voting period will end on November 11. Learn more about all the exciting features included in v3 below.”Akropolis (AKRO):and 4 others 11 November 2019 Kucoin Blockchain Day “KuCoin Blockchain Day Berlin 2019” from 5 PM — 9:15 PM (CET) in Berlin.
Encrypted project calendar（November 12, 2019）
BTC/Bitcoin:The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13thBinance Coin (BNB)and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”Aion (AION)and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore.Loom Network (LOOM):12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”Kava (KAVA):12 November 2019 Updated Mainnet Launch “Our updated mainnet launch will be on Tuesday November 12th at 14:00 UTC.”Crypto.com Coin (CRO):12 November 2019 Telegram AMA Live AMA with CRO COO and Kucoin’s Global Community Manager on KuCoin’s official English Telegram channel at 16:00 (UTC+8).Chainlink (LINK):and 1 other 12 November 2019 NYC Meetup “Ontology + Future of Blockchain in China Meetup Presented by Chainlink” in NYC from 6:30 PM — 8:30 PM.
Encrypted project calendar（November 13, 2019）
Fetch.ai (FET):13 November 2019 Cambridge Meetup “Join us for a@Fetch_ai#Cambridge #meetup on 13 November@pantonarms1.”Binance Coin (BNB)and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…”OKB (OKB):13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov.Centrality (CENNZ):13 November 2019 AMA Meetup “Ask our CEO@aaronmcdnzanything in person! Join the AMA meetup on 13 November in Singapore.”OKB (OKB):13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).Vexanium (VEX):13 November 2019 Dapps Incentive Program Vexanium will give an incentive for every Dapps that is submitted during this program period.Egretia (EGT):13 November 2019 Post Consensus Invest “2019 NYC Blockchain Gaming & DeFi Party | Post Consensus Invest” in NYC from 7–9 PM.Holo (HOT):13 November 2019 AMA “Submit your questions before the #AMA on Nov 13th @ 5PM — 5:45PM UTC”
Encrypted project calendar（November 14, 2019）
BTC/Bitcoin:The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.Binance Coin (BNB):and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15.Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO@johnnyryan, as well as@UoE_EFIHorizen (ZEN):14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.IOTA (MIOTA):14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from..Dash (DASH):14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019”NEO (NEO):14 November 2019 NeoFest Singapore Meetup “Glad to have@Nicholas_Mertenfrom DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”ANON (ANON):14 November 2019 ANONIO Wallet Upgrade In conjunction with the Echelon Update, the ANONIO wallet will also be receiving an upgrade!
Encrypted project calendar（November 15, 2019）
TRON (TRX):15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th”Bluzelle (BLZ):15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019.Zebi (ZCO):15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.”OKB (OKB):15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”Zenon (ZNN):15 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”
Encrypted project calendar（November 16, 2019）
Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…”NEM (XEM):16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.
Encrypted project calendar（November 17, 2019）
OKB (OKB):17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.
Encrypted project calendar（November 18, 2019）
Maker (MKR):18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”
Encrypted project calendar（November 19, 2019）
Lisk (LSK):19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”
Encrypted project calendar（November 20, 2019）
OKB (OKB):20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!
Encrypted project calendar（November 21, 2019）
Cardano (ADA):and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP):21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN):21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB):21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST):22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB):22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “
Encrypted project calendar（November 22, 2019）
IOST (IOST):22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB):22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “
Encrypted project calendar（November 27, 2019）
OKB (OKB):27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!”Fetch.ai (FET):27 November 2019 London Meetup “Join us on 27 November@primalbasehqto hear an exciting progress report as we prepare for the launch of our #mainnet”
Encrypted project calendar（November 28, 2019）
Horizen (ZEN):28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
Encrypted project calendar（November 30, 2019）
Ethos (ETHOS):30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.”Digitex Futures (DGTX):30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.”Monero (XMR):30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.”Chiliz (CHZ):30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…”Skrumble Network (SKM):30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019.Aergo (AERGO):30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November.Akropolis (AKRO):30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Nash Exchange (NEX):30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”
Encrypted project calendar（November 31, 2019）
Wanchain (WAN):31 December 2019 (or earlier) Wanchain 4.0 Release Wanchain 4.0, which introduces private chains integration and multi-coin wallet, released in Dec 2019.QuarkChain (QKC):31 December 2019 (or earlier) Token Testnet Release Testnet for Multi-Native-Token and New Consensuses.
Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING BTC-E.com To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification. Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world. BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums. Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load. You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins Bitfloor.com Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems. Bitstamp.net Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts. Bitcoin-24.com Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways. Vircurex.com Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it. Cavirtex.com Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling. LibertyBit.com https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded). Bitcoin China https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal Check english forums to see if anybody exchanging Alipay or taking wires. CampBX.com Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified. Bitcoin-central.net Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire. VirWoX.com You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them. Or course there's all the fixed price exchangers https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak ==============R U L E S ================================
Learn to use #bitcoin-otc, you'll thank me later. It has the most buying/sell options. Use localbitcoins.com too if you can to avoid bullshit exchange problems
ALWAYS USE 2-FACTOR ID ON EVERY EXCHANGE
Always use 2-factor ID on the email you used to sign up for the exchange
Don't click any links in BTC-E.com chat trollbox!!!
Don't click any links PM'd to you on BTC-E.com from other users
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011. Great successez!
Hello. I am interested in uprising, Maidan, Janukovych and so far I have been given information only from mainstream media (even though I didn´t quite believe them). But few days ago, I finally read a book about forex trading and the Slovak author was living there for quite a long time and at the end of the book he clarified the uprising from his point of view. He told, that some strange people started to "camp" on the square and it turned out that they were homeless people, junkies and they were paid for being there. They were protesting against democratically elected president Janukovych and some random oligarch Poroshenko was enthroned there in stead of him. When policemen later came, those "peaceful activists" were throwing stones and beating the policemen and western media stated, that merciless policemen were bloodthirstily beating calm women with children and that the whole Ukraine is upside down, there is a war, but he was strolling in Kyiv streets and there wasn´t any war at all. Random people and his acquaintances haven´t noticed anything as well. This is very shortened story. I would like to know your opinion and your point of view on this affair primary from Ukrainians from Kyiv.
Now, I have to confess, [when I read this], I felt like I had stepped through some sort of time warp, and was reading about the dealings of those Super-Banksters Montague Norman and Hjalmar Schacht. Remember them? They could’ve been comic book super heros (which is certainly how they saw themselves): “Faster than a trading algorithm, able to erect mountains of fraud in a single bound (to mix metaphors here), more powerful than ten freight trains of mortgage bundles and derivatives…” and so on. Well, this one...comes from Zero Hedge and appeared there on Dec. 2. It would seem that the Ukraine’s gold reserves, in a manner that betokens all the magical accounting principles of the NY Federal Reserve Bank, cannot find its gold. Or rather, simply sold it all off:
Seriously, someone needs to compose an opera, or at least an aria, based on all of this bankster stuff going on; call it Don Corleone (sung to the famous duet sung by Il Commendatore and Don Giovanni). Or at least a good set of fairies tales, like Ali Babba and the Federal Reserve; or The Pied Piper of London or The Banker’s New Clothes, or maybe Hansel and Merkel. Now, here’s what happened, at least as far as Zero Hedge reconstructs it:
“The charges against the chief banker involve foreign currency interventions by the Central Bank in August 2014: On August 5 the NBU bought U.S. dollars on the interbank forex market for UAH 11.93 per U.S. dollar and sold them for UAH 12.26 per U.S. dollar. During the same week, on August 8, it traded in foreign currency at a higher rate: UAH 12.45-12.6 per U.S. dollar. First it sold $69 million on the interbank forex market at a lower rate, and some days later it bought $35 million at a more favorable price. As a result of these transactions, the NBU lost 19 kopecks per U.S. dollar, Kravets said. Kravets claims that by acting so, Gontareva 'has intentionally committed an extremely unfavorable transaction for the gold and forex reserves of Ukraine, despite the fact that under Ukraine’s Constitution it is the Central Bank that is in charge of maintaining the country’s gold reserves.'” (Emphasis in the original)
In other words, after a series of bizarre trades, the end result for the Ukraine was (1) the decline of the value of its currency (2) the perilous decline of its gold reserves, which one may presume are no longer in Kiev or the Ukraine’s vaults in the BIS (Bank of International Settlements, founded by Montague Norman and Hjalmar Schacht [ed.]), having been transferred “across the pond,” to quote Mr. Putin’s expression, or at least into it’s vault at the BIS or elsewhere. Now, the good news to all this is that apparently the Ukrainian people might be waking up to the idea that a Washington-inspired neo-Nazi coup sponsored by busy-body billionaires and NGOs wasn’t such a good idea (though I’m with Peter Levenda here, there are no paleo- or neo-Nazis, there are just Nazis; they’re a cult, after all). But you can forget about Valeriya Gontareva being the culprit here. We all probably know where the order ultimately came from… Oh…by the way, did I mention that Hjalmar Schacht and Montague Norman founded the BIS, and that it in turn was instrumental in the creation of, and the model for, the European Central Bank?
I am looking for information about both fell Buy shares online over the Internet this has become a trader between people and earns a thousand dollars I personally earn $ 100 per of trading in the Forex First, you need to understand the risks. Yes, share prices can rocket, but they can also plummet - and there are no guarantees either way. For example, you might buy 50 shares in Company A at 500p a share. The shares could climb to 600p in the first few months, but then drop to 400p after some poor trading results. Your £ original 250 stake would now be £ worth 200, a loss of £ 50. It could recover again - or it could fall even further. This risk element means you should only ever invest money in shares that you can afford to lose. In other words, make sure you can pay your mortgage and any other essential bills before you start dabbling in the stock market. You also have to choose an account you start share and these most people use what’s known as a nominee account. Your shares are then held in the stockbroker’s name and the firm administers your investments electronically on your behalf. However, you are still the ultimate owner, though you should check that you will receive all shareholder information as well as any shareholder perks such as, for example, discounts associated with the companies whose share you buy. Cost of buying shares You can start trading as soon as you put money into your account, which must often be with a cheque or debit card. But it’s important to fully understand the costs involved with buying shares. The stockbroker will charge a commission for each deal, which can be a flat rate or a percentage. The rate of commission will depend on a number of factors, including the type, size and frequency of the transaction. Thus, you can achieve very substantial profits Лубны, Ukraine?
The sanctions paradox, With Russia's energy exports denominated in USD and their state budget in RUB help me understand how sanctions are really going to have any effect on their government reddit.
I do a bit of forex trading in my spare time as a hobby and after trying to figure out have we hit the bottom on the rouble yet I was left thinking things can't really get to bad for the Russian state budget and it's really only their citizens that are going to be left feeling the pinch, Just hear me out and fell free to correct my thesis. So anyway Russia typically prices it's oil and gas contracts in USD thanks to the current "petrodollar" standard in energy contracts. The vast majority of their income comes through energy exports and they get paid in USD. They can now get 46 roubles for every dollar of oil sold compared to this time last year as a result of the 36% year on year decline in the value of RUB vs USD which means their many of their obligations and public sector wages also declined 36%. In other words this is going to screw ordinary Russian worker but the declining rouble is going to have little to no effect on the Russian government's ability to balance the books and ironically makes it easier for them to pay pensions/benefits/public sector wages Now the one thing that is going to hurt them in the short term is the decline in oil prices since 40% of their exports are crude oil but Russia has been running a huge trade surplus in recent years and even with sanctions and lower oil prices this continues to be the case presently. Oct 10, 2014
Russia’s trade surplus widened in August as President Vladimir Putin banned food imports from the U.S. and some of its allies. The surplus was $15.8 billion, up 12 percent from a year earlier, the central bank in Moscow said today on its website. The median estimate of 15 economists surveyed by Bloomberg was $16.1 billion. Imports decreased 12 percent to $25.1 billion and exports fell 3.7 percent to $40.9 billion.
Thing is when it comes to a trade war cash is king and Russia seems to have no problem covering it's obligations as regards imports. Compare that to Ukraine on the other hand who's declining currency and increasing trade defect mean it needs foreign aid just to pay for the day to day goods it's importing. In short I cant find any credible economic threat that the west poses to Russia that doesn't come back to bite them in the ass themselves, lower oil prices are going to have a blowback effect on Us shale and Canadian tar sands production of which many require $80 a barrel prices just to be profitable. Anyway I hope you appreciate my analysis, I did this mainly for myself as I opened a short position on the rouble back in March when the central bank was still intervening to support the price but now that it's stopped and the rouble has been allowed to float I'm pretty much going to close my position unless there is something I'm seriously overlooking here. Sources: http://www.tradingeconomics.com/russia/balance-of-tradehttp://www.bloomberg.com/quote/USDRUB:CUcharthttp://www.bloomberg.com/news/2014-10-10/russia-august-trade-surplus-rises-as-imports-decline-on-food-ban.html
A financial expert's very negative outlook on Bitcoin.
Hello there people of reddit! I have translated this blog post which I would like to share with you all. The original blog post appeared in a rather famous hungarian financial blog and it posed some interesting questions. It would be really good if the intelligent people of reddit would start a debate on these topics. There is a big learning opportunity here. I personally disagree with many of the points made in the post while I agree with some of them. I think that it is important to listen to the negative opinions because we can grow from them and we can either strengthen our opinions by disproving the counter-arguments of others or we can formulate and fine-tune our opinions by accepting partial truths from the opposing opinion. (Maybe we can even change our opinions alltogether in some cases) I post this in the hopes of having an intelligent conversation about the topic and it would be a bit sad if this would get downvoted because then the conversation wouldn’t be able to unfold. I say let's examine the other side, let's look at their arguments, let's try to understand them and let’s try to learn from them so that we may become smarter, better, and more well informed. Also this can be a very good test if you think about investing in Bitcoin. If this discourages you then your fundamental knowledge of cryptocurrencies or Bitcoin may not be satisfactory yet or you may be thinking about investing with money what you cannot afford to loose So without further to do here is the actual blog post translated from kiszamolo.hu. RTT314 I am writing about Bitcoin. I didn’t want to at all but since everybody is talking about it I had to. Translator's note: There was a previous blog post about Bitcoin which got a massive amount of feedback in the hungarian community. The general feedback I received about my previous post on Bitcoin wonderfully resembled the the feedback I got when I wrote about Kairos, Emgoldex, Quaestor and Sitetalk. (these were all scams in their times) In case you don’t have time to read the comments on my previous post I’ll summarize them for you. Its quite simple because people basically write the same thing all over again (Bitcoin or Emgoldex it doesn’t matter.) The comment categories are as follows:
You have no idea about the topic.
You’re an arrogant jealous prick, who wants to screw up people’s chance of getting rich.
You have my respect all the time, but with this opportunity you missed the point big time.
This is different, this is a new technology, this will work for sure. This is a huge innovation, this is something people never heard before, this technology is on the verge of exploding into the mass-media. (Oh how many times have I heard this when it came to similar topics)
It’s a good idea to look at those people who wrote these comments a few years back. The people of Kairos who came here (to his blog) taunting and showing off their earnings with Kairos. And then all of a sudden it became apparent that it was just another scam and they lost all the money in a heartbeat. What did I cover in the previous blog post on Bitcoin? I wrote, that you don’t know anything about Bitcoin, that you don’t know who is behind it or whether there is someone behind it or not. What gives actually Bitcoin’s value? How do we know that its better than the other cryptocurrencies? How do we know if one BTC is expensive for 1000 dollars or cheap? For a long time people bought it for 1 dollar, then for a long time for 100, then 1000 and now 16 thousand. Which price is the realistic one? Or none of it is realistic and its still cheap? How can I find it out? I have basically nothing at all to which I could compare its price. Just like in the dotcom bubble when it came to evaluating the .com companies. The normal method of evaluation didn’t work when it came to these companies because everybody wanted to think, that these companies can conquer the whole world. And because of that basically no price was too expensive for a share. And then it became apparent, that in fact even a single dollar was too much for 95% of them. Just because something is revolutionary and new it doesn’t mean that it has value too. Especially when anybody can copy it freely. This happened with the .com companies too. Everybody learned fast, that just because they are innovative and revolutionary they can’t make a profit and most of them didn’t even worth a penny. And the .com companies were 100 times easier to evaluate than Bitcoin. At least they had expenses, profits, employees, products and patents. You could at least calculate with something. Why is Bitcoin considered money? Currently it has none of the properties of money - you can’t pay with it everywhere, it’s exchange rate is not stable at all and because of that it is not suitable for accumulating wealth in it (just in the past 12 hours the price of one BTC was between $16.123 and $17.023 and today is one of the calmer days.) Anybody can invent a newer Bitcoin and people do so too. There’s almost ten times more cryptocurrencies today than normal currencies in the world and almost every day a new one gets listed. This is because anybody can make a cryptocurrency. You don’t have to have a whole country behind it with its total assets, government, and financial traffic. If you have good marketing you will be a millionaire from a new cryptocurrency. Currently there are 1324 cryptocurrencies and there is almost no day when no new ones are added. On the contrary there is only 180 types of traditional currencies in the world. I also mentioned, that governments can limit the use of cryptocurrencies any time by illegalizing the exchange of cryptocurrencies to real money. And if that happens all cryptocurrencies will be worthless in a blink of an eye. I don’t want to get into new ideological debates. I just want to place Bitcoin amongst all the hype into the world’s financial traffic. Where does Bitcoin stand compared to the current world’s financial traffic and does it look like a bubble? Will it really change the world’s financial system and will it really change the old technologies? Bitcoin’s total market cap was 15,49 billion dollars on 2017 January the 1st and what’s at least as important is that the daily traffic volume was 92 million dollars. https://imgur.com/a/kI0Ru Bitcoin’s current market cap (17 thousand dollars) is 289 billion dollars and the daily traffic volume is 12.135 million dollars so the daily traffic grew 131-fold since January the 1st. One of the world’s biggest bank - the Bank of America’s - market cap is also 300 billion dollars and that is accompanied by 2,228 billion dollars worth of assets which gives one of the basis of the actual evaluation. Bitcoin has zero assets. Bank of America every four months (!!!) profits 22,3 billion dollars and one fifth of this is net profit. The profit of Bitcoin is zero and the net profit of Bitcoin is also zero. Europe’s 16th biggest economy, Finland has a yearly GDP of 236 billion dollars. If Bitcoin’s market cap doubles again, it’s market cap will be equal to Hungary’s, Ukraine’s, Slovakia’s, Luxemburg’s, Croatia’s, Bulgaria’s and Latvia’s GDP all together. Or at least on paper. (Of course the actual BTC's market cap and the GDP is very different, but i guess you can still feel the nonsense in this) People make 337 thousand daily transactions with Bitcoin. Just Visa alone makes 468 million transactions per day and this is just a tiny slice from the total world’s transactions. The SWIFT system which is used by banks to make international transfers even 12 years ago made 5 thousand billion dollars worth of traffic. Daily.(!) The similiar Fedwire payment system which works in the USA had a daily traffic of 2,1 thousand billion dollars, the CHIPS had 1,4 thousand billion dollars. And these numbers are 12 years old so you can easily double them to get to the present numbers. And this data is only of three clearing houses out of a dozen! All the national clearing houses in total can have multiple hundred times more traffic than these ones. Even if we would like to use Bitcoin for just one tenth of the traffic of Visa we would soon have to store a few gigabytes then terabytes of data for each Bitcoin. The whole electricity generation and bandwidth of the world wouldn’t be enough if we would want to manage and transmit this much data constantly. (Even now the Bitcoin network uses more power than Bulgaria. The investors who mine Bitcoin spend money mostly on video cards and electricity. The biggest benefitors of Bitcoin are the chinese electricity providers and the video card companies. Even a whole bank system doesn’t use this much electricity and they execute multiple hundred thousand times more transactions than the Bitcoin’s network.) The technology is unsuitable for microtransactions. There are cryptocurrencies which are suitable for this but what will happen with you investment in Bitcoin when everybody starts to use one of these currencies? The future of the blockchain technology is completely different from the future price of Bitcoin which currently is just one out of 1324 cryptocurrencies and for which you paid a bunch of money. Somehow the people who kick back and leave their future on the price of Bitcoin don’t want to understand this. Just so you understand: I don’t argue whether or not blockchain technology (which is used by Bitcoin too) will be used in the future financial system. I argue whether or not one Bitcoin values 17 thousand dollars or even one dollar as a matter of fact. Do you think there will be a single bank which will choose exactly Bitcoin when it wants to switch to this new technology when Bitcoin is a completely unsuitable candidate? Or do you think that the bank will choose another cryptocurrency? Won’t the bank simply make its own one? The total value of all the dollar bills in circulation is 1,59 trillion dollars or 1590 billion dollars. If we look at the M3 (unbounded money in bank accounts, bills etc.) instead of only the bills we get 11 trillion dollars. But even this is only a tiny bit compared to the total assets in the american economy which is 220 trillion dollars. The daily size of the forex market is (!) 5.100.000.000.000 dollars. So think again when you see numbers which suggest that Bitcoin is the future. I wrote these numbers just so you can get a sense of the big Bitcoin which is about to knock down the world’s banking system. Just so you can understand the big Bitcoin’s place in the financial food chain. I’d also like to talk about a common misconception. Many people think that the value of Bitcoin comes from the fact that it’s very expensive to maintain. The mining is expensive. This is called an expense and it has no relation to value whatsoever. Things don’t represent value because they are costly to maintain. This is exactly the opposite of value. The more expensive is something to maintain the less valuable it is. Companies which have small costs value more than companies which have big costs with the same profits. There’s an old trick in the stocks market called pooling. A few scammers organize into a pool, they choose a smaller stock and they start to trade amongst each other with higher and higher prices. They just have to be careful not to catch attention. They have to increase the price gradually and slowly and the pool has to be big enough in order to stay undetected. When the whole world goes crazy because of the huge gains on the pooled stock and when everybody wants to be a part of the miracle the pool quietly sell the whole stack of stocks and disappear. The “investors” which are driven by greed don’t even care about the fact that the evaluation of the stock flied far above the actual value of the stock. How much simpler is this whole move when the given thing doesn’t even have a quantifiable value to which you can compare it to? Bitcoin is exactly like this. I wonder how are Bitcoins divided amongst the wallets? Could you drive up its value by getting into pools? You can’t drive up its value because it doesn’t even have any inherent value. The value of Bitcoin only comes from the people who are willing to pay for it. Bitcoin only has a price because people want to look at it as money even if it cannot function as money. The american dollar will have value until the United States exists and its government collects taxes in dollars from the world’s biggest economy and it pays its payouts in dollars. And if someone doesn’t want to pay the requested taxes in dollars the government has the power to imprison the person. The expression of total financial ignorance is when the believers of Bitcoin state that the real currencies are also based on nothing. The real currencies are just paper too without any value. Every real currency is backed by real value: the given country’s economy, assets, government, tax system give real value to the real currency. No cryptocurrency can present anything like this ever because cryptocurrencies are made out of thin air. Real currencies can function exactly because of this: because they have value too not just a price. This is why they can be a store of value, this is why they can be accepted in trade. Because tomorrow they will be worth just as much as today. They’re not just empty ping pong balls which are moved based on the needs and wants of the buyer. Potentially 10-20% per day. (Just for the sake of the smartpants: of course after world wars a real currency can lose value too just like how the syrian fiat lost value too when the value was essentially bombed out of it. The country’s economy collapsed and half of the taxpayers died or fled out of the country. But even this shows exactly the fact, that the price of the currency changes if the inherent value changes. And also the the price of the safety fiats (swiss franc) can be pumped up if investors are panicking. But we only know that their price is high compared to what their value is because it has a value.) Just because I invent the Reddit coin and create a lot but finite real physical coins it won’t be a currency which has value. Not even if the coins are unfalsifiable. Not even if there will be people who are willing to pay real money for my coins. Not even if other people realize that they can make coins just like me any time (that’s why there are already 1324 types of cryptocurrencies on the market) It won’t be real money even if following the current trend I create this Reddit coin as a cryptocurrency. Money doesn’t become money because I say its money. Neither does it become money because other people believe its money. But let's take a look at the bitcoin wallets amongst the investors: https://imgur.com/a/WN163 So basically 97,2% of the wallets doesn’t even own a single bitcoin! And 55,5% of the wallets doesn’t even contain 0,001 bitcoin! Of course a wallet is not necessarily a person but its apparent that there are many small fish in the sea of Bitcoin. It's good to know this when you read all the comments from the people who try to defend Bitcoin no matter what. Most of them don’t even own 700 bucks worth of bitcoin but they will become rich for life from this investment. 0,01% of the investors - 1.677 people own nearly 40% of the total bitcoins available. (Or it may be that these 1.677 wallets are owned by one person or twenty. We can’t even know that) but even 85% of the total bitcoins is in less than 1% of the wallets. In stocks lingo this is called a low free float. These people are the ones who manipulate the prices however they want it to. But of course they don’t want it to because why would they want such a thing? The prices are rising just because Bitcoin is the future. If Bitcoin wouldn’t be the Holy Bitcoin it would be simply called a Ponzi scheme. How does a Ponzi scheme look exactly? They build up a system which is new, which is alluring and about which people can believe that it’s the future. From this you’ll become rich. If you pay enough money now then you’ll be the part of the money rain too. Until more people are buying in than out the Ponzi scheme works great. Nobody realizes that there’s nothing behind it. Just the money of the depositors gives it value. Bitcoin is genial because it never even stated that there is some sort of value behind it so you can’t even expect it in the first place. Until more people want to put money in than out the price of Bitcoin will rise. I’ll say this again Bitcoin is alive because people want to treat it as money. “This is the money of the future, you are lagging behind if you don’t understand this. Why do you try to find the inherent value of it and the evaluation of it? You are an old prick who has no clue. This is a new world. Deal with it. You have to just believe this and don’t ask any questions.” Do you know how many times have I heard this from the faithful “investors” of the kairos, sidetalk, emgoldex ponzi schemes? A lot of people wait a lot from the december 18th stock appearance of Bitcoin but it can bring more bad than good. If the big speculators start to go hard on it they can double the price or drag it down to 0 within days. It's rather easy for them because there is no value behind it. Just a price tag. If the British Pound was attacked what do you think what will they do with Bitcoin? Here there is no national bank which will change the interest rates or pull other tricks from its sleeves to defend its own currency from falling or from a rising. Also here the investors won’t be able to say that a bitcoin is definitely worth more than this or not because the whole english economy is not behind it so they don’t have a guide for its inherent value. If Bitcoin was volatile so far you can prepare yourself for even bigger storms. You think whatever you want and you pay money for whatever you want. You know what? Even I’m telling you that knowing the madness, dumbness, and greed of people it is not unimaginable that Bitcoin will rise to 150 thousand dollars within the next year. But not because its value is that much but because there are too many greedy people who feel like they were left out of a great opportunity but it's not too late to jump in. But also don’t be amazed if its price will be 1 dollar again.
[Discussion] Should Turkey help Greece with its financial crisis?
In the news: There have been basically two sources of this speculation. Firstly, the ideological-allies of Syriza in Turkey, HDP, have obviously said we should bailout Greece. They don't care about the Turk-Greek conflicts of the past so, yeah there's that. But the government has also spoken very briefly of it. Both contexts are in this article. http://www.todayszaman.com/business_turkey-discusses-helping-greece-pay-its-debts_392429.html As an economics student entering his final year in university, I think I can help the discussion a bit by laying some things out.
just to specify, I'm talking about financial assistance, not just necessarily humanitarian,food,etc..
Turkey can help Greece quite a bit. Financially, we can afford it. Of course, we're not going to be doing an IMF-style bailout of $100+ billion, which I will address too, but rather, loaning them liquidity when no one else will. Even the $6 billion of money we have wasted caring for Syrian refugees exceeds Greece's current foreign reserves, which I believe are around $5 billion.
If this causes Turkey and Greece to enter an era of diplomatic-restart and closer relations with Greece via the goodwill we have expressed, the economic payout of trade and the Eastern Mediterranean Gas Reserves being jointly extracted, will be far greater than the cost of propping up Greece.
The nature of Turkish financial assistance would likely be in the form of..
(1) lending money to Greece to cover its most immediate needs. So basically helping with the payment due up in short-term. For instance, the payment Greece defaulted on just this week was for only $1.7 billion to the IMF. Giving the Greeks an $8.49 billion loan would cover their debt refinancing needs long enough until August 7th when hopefully they would have reached a deal with their creditors. This is my least favorite scenario and the only scenario where Turkey exposes itself to losing money from Greece default on all of their debt responsibility
(2) If and when Greece has to begin printing Drachma, there will be little confidence in the Greek currency due to the default but also the total lack of foreign reserves to back it up. A key element in stabilizing a currency, especially if trying to maintain a peg (hint, hint, pegging the Drachma to the Euro at a lower value later) is the market's belief that the country will be able to use its reserves to prop up the currency if there's a run on it and also for emergency debt payments, reserves act as a "rainy-day" account. Turkey could assist Greece buy providing a modest amount of liquidity to prop up Greece's foreign reserves. There is precedent to this. In fact, I believe the most recent IMF loan to Ukraine went mostly into its foreign reserves. To give an idea of what Greece would need, Portugal's economy is relatively similar to Greece in size and also burdened by debt and their forex reserves are around 18 billion euros. We likely wouldn't lose money from a deal like this, it would be credit rating suicide for Greece if after default on everything and leaving the Eurozone, they default again on loans from Turkey and we would be also helping them by breaking the taboo on lending to Greece post-default. Would do a lot for confidence in their economy and borrowing costs. probably the best way it could be carried out
(3) A currency swap between the central banks, exchanging Liras for Drachma. This is sort of like giving Greece foreign exchange reserves, but in Liras not dollars. So more so to facilitate trade but it also is some assurance for the markets that Greece isn't straight up broke. By accepting Drachma from the Greek central bank, we're showing confidence in its value (though we're likely to lose a lot of money from the currency probably depreciating, which, you know, isn't too bad if its not that much). It would ease trade between the two countries, because if it switches to the Drachma, Greeks are going to have trouble attaining foreign currency to maintain their vital imports because Greece doesn't produce a lot of vital goods so they will have Liras to buy stuff from us. AFAIK currency swaps also allow Greeks access to Liras locally and they can even issue debt to the private sector market in Liras.
Now this is all assuming Greeks accept publicly receiving assistance from remove-kebab-isis-supporting Törkiye. But it would totally help us diplomatically in Cyprus and in the Aegean by being like "hey.. uhh greeks, we're actually not going to invade you guys. we kinda like you more than you like us?" and help us bring them to the negotiation table genuinely. So what do you guys think? Keep in mind, though, none of these scenarios are a donation to Greece but a loan. Just like with any other loan there are risks but it isn't a donation. I don't live in Turkey for the record, so I'm interested in what European Turks and Türkiyelis think. I'm totally down to discuss the nerdy/dorky specifics regarding the Greek crisis if anyone is interested in the comments. This post is long enough as it is, but i'm down lol
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Ukraine's gold just disappeared: With its gold "vaporized", a furious Ukraine turns on its central bankers
poster: axolotl_peyotl, original conspiracy link From Joseph P. Farrell: >Now, I have to confess, [when I read this], I felt like I had stepped through some sort of time warp, and was reading about the dealings of those Super-Banksters Montague Norman and Hjalmar Schacht. Remember them? >They could’ve been comic book super heros (which is certainly how they saw themselves): “Faster than a trading algorithm, able to erect mountains of fraud in a single bound (to mix metaphors here), more powerful than ten freight trains of mortgage bundles and derivatives…” and so on. >Well, this one...comes from Zero Hedge and appeared there on Dec. 2. It would seem that the Ukraine’s gold reserves, in a manner that betokens all the magical accounting principles of the NY Federal Reserve Bank, cannot find its gold. Or rather, simply sold it all off: With Its Gold “Vaporized”, A Furious Ukraine Turns On Its Central Bankers >Seriously, someone needs to compose an opera, or at least an aria, based on all of this bankster stuff going on; call it Don Corleone (sung to the famous duet sung by Il Commendatore and Don Giovanni). Or at least a good set of fairies tales, like Ali Babba and the Federal Reserve; or The Pied Piper of London or The Banker’s New Clothes, or maybe Hansel and Merkel. >Now, here’s what happened, at least as far as Zero Hedge reconstructs it: “The charges against the chief banker involve foreign currency interventions by the Central Bank in August 2014: On August 5 the NBU bought U.S. dollars on the interbank forex market for UAH 11.93 per U.S. dollar and sold them for UAH 12.26 per U.S. dollar. During the same week, on August 8, it traded in foreign currency at a higher rate: UAH 12.45-12.6 per U.S. dollar. First it sold $69 million on the interbank forex market at a lower rate, and some days later it bought $35 million at a more favorable price. As a result of these transactions, the NBU lost 19 kopecks per U.S. dollar, Kravets said. Kravets claims that by acting so, Gontareva 'has intentionally committed an extremely unfavorable transaction for the gold and forex reserves of Ukraine, despite the fact that under Ukraine’s Constitution it is the Central Bank that is in charge of maintaining the country’s gold reserves.'” (Emphasis in the original) >In other words, after a series of bizarre trades, the end result for the Ukraine was (1) the decline of the value of its currency (2) the perilous decline of its gold reserves, which one may presume are no longer in Kiev or the Ukraine’s vaults in the BIS (Bank of International Settlements, founded by Montague Norman and Hjalmar Schacht [ed.]), having been transferred “across the pond,” to quote Mr. Putin’s expression, or at least into it’s vault at the BIS or elsewhere. >Now, the good news to all this is that apparently the Ukrainian people might be waking up to the idea that a Washington-inspired neo-Nazi coup sponsored by busy-body billionaires and NGOs wasn’t such a good idea (though I’m with Peter Levenda here, there are no paleo- or neo-Nazis, there are just Nazis; they’re a cult, after all). >But you can forget about Valeriya Gontareva being the culprit here. We all probably know where the order ultimately came from… >Oh…by the way, did I mention that Hjalmar Schacht and Montague Norman founded the BIS, and that it in turn was instrumental in the creation of, and the model for, the European Central Bank? Discourse level: 100% Shills: 0%
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