Yabadabado

Without a doubt Gas prices here in Texas have gone up. Regular this AM was $2.25 Regular.

TIC-TOC... I hear the sound of a the crinkle as we do our exchange... Thank you for the Feedback Adam... let's see this baby delivered to all of us and the world... Yippy - ready for that vacation...

http://gulfnews.com/...ollar-1.1038104 China, Japan deal first steps in global shift away from dollar GCC trade may soon be in Yuan By Mohamed Al Asoomi, Special to Gulf News Published: 00:00 June 21, 2012 In a groundbreaking move, China, the world’s second largest economy, and Japan, the third largest economy, have agreed to use China’s currency yuan in their foreign trade, moving away from using the US dollar. The agreement between Asia’s two largest economies aims to broaden the use the global use of the renminbi, as the yuan is officially termed, and to see more countries move away from relying on dollars as a dominant currency in international trade. A similar move was earlier considered by China and India, Asia’s third-largest economy. The moves are seen as extremely important developments on financial and trade dealings, which come in light of a deepening financial crisis in the West. Asian economies are not quite far from crises hitting the world where both the Chinese and Indians have witnessed a slowdown, While the Indian rupee declined to become the worst-performing Asian currency. However, the Asian economies are still strong enough to absorb some shocks, a fact that is evident from China-Japan currency agreement in their efforts to cope with global changes resulting from the repercussions of the global financial crisis. Due to the size and significance of China and Japan, the decision to use the Chinese currency in trade exchanges will have long-term effects. First, the Chinese economic relations will grow significantly, as well as the use of its currency, which is gaining further importance in commercial and financial transactions. China’s currency is expected to become one of the most important global currencies. This shift forms a special importance to the countries of the Gulf Cooperation Council (GCC) for many reasons, most notably China’s weight in GCC’s foreign trade. Over the past five years, China has topped in UAE’s non-oil foreign trade, which rose to 10 per cent annually to about Dh110 billion in 2011. China also occupies leading positions in GCC’s foreign trade. According to Shaikh Abdullah Bin Zayed Al Nahyan, UAE Foreign Minister, trade between the GCC countries and China has increased tenfold last year to reach $100 billion (Dh367.8 billion). He expects that GCC-China trade will continue to increase in the current decade. Furthermore, China is turning to become the most important importer of Gulf oil, exceeding Western Europe and the US which are trying to reduce their dependence on energy sources from the Arabian Gulf, both through the development of alternative energy sources, as is the case in Europe or through discoveries of new sources of hydrocarbons along with sources of renewable energy sources, as is the case in the US. In view of this growing importance of economic relations between the GCC and China, it is difficult for these relations to grow further in light of the complete dependence on the US currency in their trade and financial relations, which requires raising the issue of the use of the Chinese currency in GCC’s trade dealings with China. And if this happens, both sides will achieve significant financial gains, including the possibility of taking advantage of the low value of Chinese currency and cutting the costs of transactions levied by US financial and banking institutions which are calculated in the US dollar. Although oil sales to China will continue to be charged in the US dollar, which is still the dominant currency in global oil markets, but the non-oil trade between the two sides can take place in other currencies, particularly the Chinese currency. This forms approaches for the future and keeps up with economic, trade and financial changes in the world, especially that China’s economy is expected to be ranked first globally over the next three decades, and it may increase further dependent on the GCC countries in meeting China’s needs of energy, petrochemical products and petroleum products, at a time of GCC imports will increase from Chinese products. Apart from China, the same method can be also followed with other emerging global currencies, including the Indian rupee, whereas India ranked second in the foreign trade of the GCC countries, not to mention the possibility of adopting a single Gulf currency in trade and international financial ties. This requires an integrated link between monetary policies and financial and commercial exchanges between the GCC countries and major economic blocs and countries, thus leading to diversity and reducing risks and costs, as well as increasing efficiency and gains in the relation between the GCC countries and their main partners in the world. Dr Mohammad Al Asoomi is a UAE economic expert and specialist in economic and social development in the UAE and the GCC countries.

Dr. Shabibi... he is Iraq's true Hero!

Banks will continue to deny anything until it is time to have your money in their bank... A Finical Advisor that is not getting your money to play with in their own way... they will certainly state that you wasted your money because the IQD is a scam... JMHO.

I know that "we" are all ready for the end game to come to pass. Makes sense to see the Budget/Erbil/HCL activated just before the Summit... not at the very moment that the Summit begins... as it will take a couple of days to reorganize and transition. I am still of the opinion it will be higher the the USD because of the transition and to remove the dollar from the currency being used in country. JMHO. Come on RV...

I voted other... only because I parked my RV in the desert outside of town and it is colored brown-reddish, green, white and it has three languages written on the side... I just had it and each time I walked away from it is disappeared...? However, I found oil, gold, diamonds, phosphorus and so many other riches... however, I have also been told I cannot take any of these items with me... Geeeze.

I got it now.... When Tony says he is smoking a cigar while on CC, he is actually smoking a Great Dane via Cheech & Chong movie... "Up In Smoke".

GONJA - Man... Mary Jane - Man... Acapulco Gold - Man... Whew, now I'm Hungry... got the munchies...

214,556,000 CBI Currency Auction for Sunday October 3, 2011

Some peep's don't see the word rooster and just see "egg" and try to figure out which way it might actually roll...

If you saw the recent move "Piranha" there was a lost and eaten notice.Ouch!

Now that is a one legged chicken / rooster... If a rooster were on top of a barn and the eve's dropped east and west and an egg was laid which direction would the egg roll off of the barn? East or West?

A man standing on the corner with one leg is holding a sign... It says, "Donations excepted, on my last leg!" I donated a crutch

Considering the question... "Does a chicken have lips?" Depends on which end you look at!