stream(China.africa.exploitation.resource)

##.febraury.2012

//China's exploitation of Africa's resources. Repeat of European exploitation//
//Capitalist bully, Communist bully, same same, but different. The african countries will get something out of it for sure, but is this the most efficient and productive was to do things? In the long, long, run?


http://www.bbc.co.uk/news/world-asia-pacific-12069624

While some Africans welcome the Chinese practice of separating politics from economics, others have expressed concern that Beijing's deepening involvement in the continent's development may worsen the level of corruption and the human rights and environmental issues there.

stream(oil.Iran.China.sanctions.nuclear-proliferation))

##.february.2012
//Iran preemptive smack! But as you can see, France and UK are not the biggest importers anyways//
http://www.bbc.co.uk/news/world-middle-east-17089953

(taken from BBC, which was taken from US EIA)

 

##.january.2012.bbc-news
//sanctions.oil: threat+Iran.nuclear.destabilizing.middle-east;
//sanctions.oil: threat.side-effect+China.energy.continued.economic.growth.
http://www.bbc.co.uk/news/world-asia-china-16565563

The US said on Thursday Zhuhai Zhenrong was one of three international firms to be punished for dealing with Iran.

Later on Saturday, Beijing denounced Washington's decision to punish Zhuhai Zhenrong.
"Imposing sanctions on a Chinese company based on a domestic (US) law is totally unreasonable and does not conform to the spirit or content of the UN Security Council resolutions about the Iran nuclear issue," Foreign Ministry spokesman Liu Weimin said.

 //doesn't China have veto power in UN Security Council resolutions? And Russia?

Washington has accused Zhuhai Zhenrong of being the largest supplier of refined petroleum products to Iran.
The US state department said the sanctions - preventing the firms from receiving US export licences, US Export Import Bank financing or any loans over $10m from US financial institutions - were part of efforts to persuade Iran to rein in its nuclear ambitions.

The sanctions on Iranian oil exports are of particular concern to China, which is under pressure to secure enough energy supplies to keep its economy going.
Iran is currently China's third largest supplier of oil, followed by Angola and Saudi Arabia.

 "If the oil producing nations on the Persian Gulf decide to substitute Iran's oil, then they will be held responsible for what happens," he added, in the Sharq newspaper's report.

 >query: what EXACTLY will happen? Iran currently does not have nuclear weapons...

##.january.2012.old blog.
//i was thinking about this in 2006.Forbes article.randomly found while testing Googles blog search.//

http://spaceslices.blogspot.com/2006/02/iranian-govnt-shrewd-or-idiots.html

//i should copy the content, because the links are never permanent! like this one. it is gone.#query: AI short term memory?//

Stream(currency.France.China.Iran.Iraq)

##.january.2012.currency
//the Euro will get stronger?
>qeury: Who is Fitch? =>FB.note

http://www.reuters.com/article/2011/12/31/us-euro-noyer-idUSTRE7BU0FO20111231

The euro could become the world's leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer

Ratings agency Fitch has said it doubts a comprehensive solution to the crisis can be found and urged more decisive action from the ECB.

>random correlation = Christian Noyer is also governor of the Bank of France

##.january.2012.currency
//prediction(2012.jn): Renminbi floats in five years.
//prediction(2012.jn): It will take more than five years to modernized China's banking system.
//conclusion: dissonance 
>query: what are the odds for the two scenarios?



http://www.forbes.com/sites/gordonchang/2012/01/01/china-says-yuan-will-be-fully-convertible-soon/ 

##.january.2012.iran.nuclear proliferation.regime-change.diplomacy 
http://www.guardian.co.uk/world/2012/jan/02/iran-currency-plunges-us-sanction

Reflecting possible fears about liquidity and the flight of hard currency, Iran over the past few months has restricted cash withdrawals and only allows those travelling abroad to take $2,000 a year.US sanctions already forbid imports of Iranian oil. France is pressing the EU to follow suit. Iran sells large volumes to China, India, South Korea and Japan but Italy, Spain and Greece are also big importers and an EU embargo would pile further pressure on the Iranian economy.

//random correlation: France pressuring ->query: Why not Germany?

##.january.2012.India.Iraq
//fake currency in India.

http://economictimes.indiatimes.com/news/politics/nation/400-percent-rise-in-fake-currency-circulation-finmin-report/articleshow/11499047.cms

The STRs, which gave rise to a reasonable ground of suspicion that the transaction may involve the proceeds of crime or financing of activities related to terrorism or were made in circumstances of unusual complexity, increased three times in 2010-11 as compared to 10,067 in 2009-10 fiscal.

The FIU report, submitted recently to the Finance Ministry, stated that "private Indian banks contributed majority of CCRs".

//currency trading.making money on sanctions.
http://www.bloomberg.com/news/2012-01-12/iraq-deplores-currency-attack-as-dollars-flow-to-syria-iran.html

Iraq’s central bank said it’s under a “currency attack” as traders buy U.S. dollars in daily auctions and resell them on the black market in Syria and Iran, which face hard currency shortages due to sanctions.
Demand for the greenback at the central bank auctions has risen since November to about $200 million to $300 million a day, compared with about $160 million in the prior 12 months, the deputy central bank governor, Mudher Salih, said in an interview in Baghdad Jan. 10.