China just acquired the London Metal Exchange... [NotSoBreaking] - MarketTicker Forums


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User Info	China just acquired the London Metal Exchange... in forum [NotSoBreaking]
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	1.39 billion pounds. Just crossing the wires... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-06-15 04:38:07 Permalink
Avianphlu Posts: 3965 Incept: 2008-12-03 Ulster NY Online	maybe more truth than rumor about china wanting a precious metals back currency 2012-06-15 07:14:50 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Yep. I believe so..... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-06-15 07:26:07 Permalink
Grace Posts: 519 Incept: 2008-10-15 upstate new york	"Hong Kong Exchanges & Clearing Ltd., host to the world’s fifth-largest equity market, agreed to pay 1.39 billion pounds ($2.15 billion) for the London Metal Exchange, which handles more than 80 percent of global trade in industrial-metal futures" http://www.bloomberg.com/news/2012-06-15.... WOW 80% Last modified: 2012-06-15 09:26:18 by grace 2012-06-15 09:25:40 Permalink
Steelpiston71 Posts: 4868 Incept: 2007-09-05 Michigan	China has 90% of the worlds REE iirc, maybe they want to place them on the LME ? ---------- "We have resolution authority under Frank/Dodd... How about we USE IT?" Karl Denninger, 10/07/10 on the Dylan Ratigan Show, MSNBC. 2012-06-15 09:47:37 Permalink
Widgeon Posts: 13481 Incept: 2007-08-30 Region formerly known as the United States	I know that ideally we don't want to 'interfere' w/ private matters. But really, isn't it idiotic to be "inviting" these folks so closely to "the West's" life support systems? Sort of like a couple years ago, etc. when Dubai tried to (virtually) "Buy" certain US ports by becoming the 'contractor' in charge of operating them. Aren't certain of these "systems" so strategic that you don't give over ownership or operation of such to primary competitors/rivals? ... and, that's not to say the the current operations aren't rife w/ corruption, etc. that ALSO needs to be cleared. 2012-06-15 11:07:48 Permalink
Frat Posts: 1935 Incept: 2009-07-15 NKY	There's just nowhere to go, Widge. We need a place like early 19th century America where we can create a union that people would want to immigrate to, to work hard and build a new nation based on the ideals this one was founded on. There are too many lazy leech**s in our country today, ruled by corrupt leechs, bought and paid for by banker.... Leechs. A reset does look inevitable, but by no means is a positive outcome assured. I'd love to see the USA break from the USSA, but that won't happen either. In sum - We're just plain ed. ---------- We're *ed. Where's Henry Bowman when you need him? 2012-06-15 11:16:18 From PDA* Permalink
Duc888 Posts: 7368 Incept: 2008-11-06 CT, the UNconstitution State	USA and all the serfs future work hours are all up for sale. Better get used to it. Grab that lipstick, go twice around your a-hole in flaming pink, stand on the street corner and watch the politicians sell your ass. ---------- ...burp 2012-06-15 15:17:13 Permalink