Posts Tagged ‘2009’
ITV 1 ’s : THE CUBE Part 1 (22/08/09)
Dean Chase Takes On “The Cube” In Part 1 Of ITV 1’s Brand New Gameshow “THE CUBE”. Hosted By Philip Schofield.
Duration : 0:10:13
Second Financial Economic Crash Coming – Huge & Soon
http://www.btang.net/
A Bigger Crash Is Coming after the Second Wave/Crash in the mortgage crisis. The solution is: H.E.L.P. – Humanize (Be Humane), Economize (Buy/Use Only What U Need), Localize (Plant Garden/Walk), Produce (Learn Skills)
Duration : 0:9:45
Baba’s New Year 2009 Message: Solutions for Financial Problems
http://www.SivaBaba.org
Baba’s New Year 2009 Message: Solutions Financial Problems
Visit http://www.sivababa.org to learn more about Baba’s spiritual solutions for the world’s financial problems.
Priorities for 2009
This a time for solidarity, to look into ourselves, and reflect on the meaning of life, the meaning of money. The world now is in a recession.
Baba wants to give new solutions for money problems to help people solve their problems. He is visiting New York City on December 31 to give a spiritual solutions for people, the United States and the World. He is also visiting San Francisco on January 3-4, to give a 2 day course for people to receive his blessings and solutions.
In this video, Baba includes a photo which he wants people to look at and keep with them for all of 2009 so they can help solve their own money problems and the money problems of the world.
Visit http://www.sivababa.org to learn more.
Duration : 0:5:49
Reflationary Environment Pressures All Investments – Prechter on Bloomberg – June 19, 2009
http://www.elliottwave.com/wave/youtube
Robert Prechter on Bloomberg June 19, 2009
Duration : 0:5:37
Abhinav Angirish – Abchlor Investments, www.InvestOnline.in on CNBC Awaaz Dec 09, 2009 – Part 1.mpg
Abhinav Angirish – Abchlor Investments, www.InvestOnline.in on CNBC Awaaz Dec 09, 2009 – Part 1
Duration : 0:7:25
Financial WAR w/ China?!?! Dollar Collapse & Gold’s Future
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A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.
The State-owned Assets Supervision and Administration Commission, the regulator and nominal shareholder for state-owned enterprises (SOEs), told six foreign banks that SOEs reserved the right to default on contracts, Caijing magazine quoted an unnamed industry source as saying in an article published on Saturday.
While the details of the report could not be confirmed, it was Monday’s hot topic in financial circles from Shanghai to Singapore as commodity marketers feared that companies holding underwater price hedges could simply renege on the deals, costing banks millions of dollars in profit.
The warning from SASAC follows a series of measures from Beijing this year to crack down on the sale of derivative products by foreign banks to Chinese enterprises, principally big consumers, who bought protection against higher prices last year only to watch the market collapse — leaving them with losses.
While many companies including top airlines have come clean on the losses, some analysts fear another wave may follow.
“I wouldn’t be surprised if more state firms emerge with big derivatives trading losses, otherwise SASAC wouldn’t come out with such a radical move,” said a Hong Kong-based derivatives analyst, who like most other industry officials and bankers declined to be named due to the high sensitivity of the issue.
A SASAC media official said on Monday that he was waiting for the “relevant department’s” official comment before he can clarify to media. A government official said that the Bureau of Financial Supervision and Evaluation under SASAC was handling the issue. The official declined to be named and did not elaborate.
Spokespersons at Goldman Sachs and UBS declined comment, and media officials at Morgan Stanley and JPMorgan were not immediately available for comment. All are major global providers of commodity risk management.
No bank were named in the Caijing report. The SASAC media officer also declined to identify any specific banks.
“It’s a handful of companies who are being encouraged by regulators to re-negotiate,” said a second banking source. “It’s outrageous, but it’s China, so everyone is treading very carefully.”
For banks that are hoping to sell more derivatives hedges in China, the world’s fastest-expanding major economy and top commodities consumer, the danger goes beyond the immediate risk to existing contracts to the longer-term precedent that suggests Chinese companies can simply renege on deals when they like.
The report follows an order from SASAC in July that required all central government-controlled state companies engaged in trading derivatives to make quarterly reports about their investments, including details of holdings and performance.
But the reported letter opened several important questions that could not immediately be answered. “If we were among the banks receiving that letter, we would be very angry. But now the key is to find out more details on the letter: In whose name the letter was issued, the government or the corporate’s? And under what was the reason for defaulting?” said a Singapore-based marketing executive with a foreign bank.
The source, whose bank did not receive a letter, said that Air China, China Eastern and shipping giant COSCO – among the Chinese companies that have reported huge derivatives losses since last year – had issued almost identical notices to banks.
“If it’s in the name of the government, the impact will be very negative,” said the source, who declined to be named.
Beijing-based derivatives lawyers said the so-called “legal letter” has no legal standing — SASAC as a shareholder has no business relationship with international banks.
“It’s like the father suddenly told the creditors of his debt-ridden son that his son won’t pay any of his debt,” said a lawyer from the derivatives risks committee of the Beijing Lawyers Association. (C ) Reuters
Duration : 0:8:9
Marc Faber Cash and Bonds are the worst investments, Oct 23, 2009
Dr Marc Faber, editor of the Gloom Boom Doom Report on Frisby’s Bulls and Bears. He says the two worst investments are bonds and cash and that he would accumulate equities on weakness.
Duration : 0:10:50