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Trump raves. Stock plunge. Is he telling his pals?
Posted by: Steve G.
Date: August 11, 2017 09:51AM
I was reading an article about the FOOTSIE 100 dropping like a rock on Trump's winky-waving tweets. Then it occurred to me. Is trump warning his friends about these gross threats? Are they putting in sell orders beforehand?
We now have a clear idea about the man and his morals. Has he (and Vlad) already arranged to bank Trillions using the Presidency pulpit?
Wadda you think?
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: rjmacs
Date: August 11, 2017 09:56AM
Quote
Steve G.
I was reading an article about the FOOTSIE 100 dropping like a rock on Trump's winky-waving tweets. Then it occurred to me. Is trump warning his friends about these gross threats? Are they putting in sell orders beforehand?
We now have a clear idea about the man and his morals. Has he (and Vlad) already arranged to bank Trillions using the Presidency pulpit?
Wadda you think?

I think we have sufficient actual crimes and catastrophes such that we don't need any invented ones. But thanks for offering!



rj
AKA
Vreemac, Moth of the Future
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: Steve G.
Date: August 11, 2017 10:03AM
Quote
rjmacs

I think we have sufficient actual crimes and catastrophes such that we don't need any invented ones. But thanks for offering!


I agree. With Trump it's hard to tell one flop from another.
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: Steve G.
Date: August 11, 2017 10:18AM
.



Edited 1 time(s). Last edit at 08/11/2017 10:54AM by Steve G..
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: Steve G.
Date: August 11, 2017 10:53AM
On the other hand....Reuters tells a different kind of story.

Vladimir's Venezuela - Leveraging loans to Caracas, Moscow snaps up oil assets
[www.reuters.com]

CARACAS/HOUSTON (Reuters) - Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive – and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters.

As Caracas struggles to contain an economic meltdown and violent street protests, Moscow is using its position as Venezuela’s lender of last resort to gain more control over the OPEC nation’s crude reserves, the largest in the world.

Venezuela's state-owned oil firm, Petroleos de Venezuela (PDVSA), has been secretly negotiating since at least early this year with Russia's biggest state-owned oil company, Rosneft (ROSN.MM) - offering ownership interests in up to nine of Venezuela's most productive petroleum projects, according to a top Venezuelan government official and two industry sources familiar with the talks.

Moscow has substantial leverage in the negotiations: Cash from Russia and Rosneft has been crucial in helping the financially strapped government of Venezuelan President Nicolas Maduro avoid a sovereign debt default or a political coup.

Rosneft delivered Venezuela’s state-owned firm more than $1 billion in April alone in exchange for a promise of oil shipments later. On at least two occasions, the Venezuelan government has used Russian cash to avoid imminent defaults on payments to bondholders, a high-level PDVSA official told Reuters.

Rosneft has also positioned itself as a middleman in sales of Venezuelan oil to customers worldwide. Much of it ends up at refineries in the United States – despite U.S. sanctions against Russia – because it is sold through intermediaries such as oil trading firms, according to internal PDVSA trade reports seen by Reuters and a source at the firm.

PDVSA and the government of Venezuela did not respond to requests for comment.

The Russian government declined to comment and referred questions to the foreign ministry and the ministries of finance and defense, which did not respond to questions from Reuters. Rosneft declined to comment.

Russia’s growing control over Venezuelan crude gives it a stronger foothold in energy markets across the Americas. Rosneft now resells about 225,000 barrels per day (bpd) of Venezuelan oil - about 13 percent of the nation’s total exports, according to the PDVSA trade reports. That’s about enough to satisfy the daily demand of a country the size of Peru.

Venezuela gives Rosneft most of that oil as payment for billions of dollars in cash loans that Maduro’s government has already spent. His administration needs Russia’s money to finance everything from bond payments to imports of food and medicine amid severe national shortages.

[more]

Many multinational firms worldwide, meanwhile, have all but written off their Venezuelan operations amid the nation’s tanking economy and chronic shortages of raw materials.

Rosneft is making the opposite play - using Venezuela’s hard times as a buying opportunity for oil assets with potentially high long-term value.

"The Russians are catching Venezuela at rock bottom,” said one Western diplomat who has worked on issues involving Venezuela’s oil industry in recent years.
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: Filliam H. Muffman
Date: August 11, 2017 12:12PM
Another example of 45 failing at checkers while Pootie Poot loots his buddies while they are in tough times.



In tha 360. MRF User Map
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: cbelt3
Date: August 11, 2017 03:13PM
G.. interesting, and thanks for sharing that. It was a toss-up between Russia and China. But Venezuela has always had a special Sovietstky relationship with the Russians.
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: hal
Date: August 11, 2017 04:15PM
It's a little early to be claiming that the stock market is 'plunging'. One bad week is all... Any stock watcher would tell you that after such a steep run-up, a break was going to happen.

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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: Steve G.
Date: August 11, 2017 05:09PM
To make big money, you don't need the entire market to plunge. Knowing that it's going to drop at a certain time (like after atomic threats by some lunatic) allows you to place short bets around the world... and profit mightily by them.
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: gabester
Date: August 12, 2017 12:40PM
Quote
Steve G.
To make big money, you don't need the entire market to plunge.

I'd hope to goodness that, statistically, this kind of "insider" behavior would quickly become apparent to even cursory analysis, allowing full prosecution of the perpetrators.
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Re: Trump raves. Stock plunge. Is he telling his pals?
Posted by: Speedy
Date: August 12, 2017 03:42PM
Quote
gabester
Quote
Steve G.
To make big money, you don't need the entire market to plunge.

I'd hope to goodness that, statistically, this kind of "insider" behavior would quickly become apparent to even cursory analysis, allowing full prosecution of the perpetrators.

Prosecution, I guess, by the Trump Administration?



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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