To bad Mr.Bush got rid of Iraq. Now the US has to go it alone. Getting rid of Iraq was tantamount to giving the Middle East to Persia.
I’d forgotten about a piece that I’d written in October 2017 about BNN’s no longer showing daily interest rate fluctuations and the Loonie’s value in U.S. dollars. Back then the Loonie’s value in green backs was 80 cents with world oil hovering about $50 a barrel.
But since October 2017 Canada’s BNN has become Bloomberg’s BNN, and the numbers that stopped appearing then are back. These days, November 9 -11, 2018; the Loonie has fallen from 80 cents U.S. to less than 77 cents even when oil had risen to over $70 a barrel. But also since then the U.S., Canada’s most important importer of Tar Sands oil has been reported to have become a net exporter of oil, perhaps helped by oil prices recent increase to above $70.
Since the threat of increased interest rates in North America, the price of gold has remained within the $1225-1235 range; and I continue to watch the mostly stationary price of gold to confirm the trepidation central bankers must be experiencing about putting overnight interest rates back above the negligible 2% rate.
Canada doesn’t produce much steel but it does produce a lot of oil and has exported more oil to the US than Saudi Arabia of the Middle East.
So why did a weather network article from McMaster University omit Canada from a list of major oil miners. Was it because Canada’s oil is Tar Sands oil?
“…Alternatively, on the supply side we have a small group of developing countries, predominately Middle Eastern, that produce and export almost all of their production primarily to Western Europe, Japan, China and the United States…”
BNN has stopped providing interest rate numbers, and in the past 3 days the Loonie value in US dollars.
To a non- finance person, interest rate and Canada/US dollar amounts are the most important barometers of our Western economies.
Gold and oil prices are still given: The fluctuating value of gold usually indicates interest rate fluctuations. When the price of gold rises, interest rates decline. When the price of oil rises the value of Canada’s currency trends higher. In recent weeks I’ve read oil use had reached a 2 year high reflected in a steady over $50. per barrel world price. Correspondingly the Loonie rose from about 74 cents USD to 82 cents then fell back to about 80 cents as oil stopped its rise remaining over $50 per barrel while Canada’s Loonie has been hovering around 80 cents
Today is December 9,2017.
Shortly after my complaint that Canada U.S. currency numbers had not appeared on BNN for several days the currency numbers reappeared. But my favorites, the interest rate figures, have not; so I have to rely on fluctuations in the gold price to guess which direction rates are heading. For some time gold has hovered around $ 1270. an ounce, and rates have stayed correspondingly steady. Yesterday the gold price seemed to fall bellow what its been for weeks now. I haven’t bothered to find yesterday’s interest rate figures online, presuming there likely will not be much change since Canada’s central bank just decided not to raise overnight rates above 1%, which likely means that all western world central bankers have agreed to keep rates as they are until something happens in the bond market.
“Cash Flowed to Clinton Foundation Amid Russian Uranium Deal
When President Trump was Donald Trump he seemed to get a lot of flack whenever he said Hillary Clinton gave Russia the U.S’s uranium. The only reaction I remember is a condescending reference to “Uranium One” being a Canadian company, without any mention of the fact that it is ” a wholly owned subsidiary of Rosatom,the Russian State Corporation for Nuclear Energy”
Uranium One Inc. is a Canadian-based company and one of the world’s largest uranium producers with a globally diverse portfolio of assets located in Kazakhstan, the United States, Australia and Tanzania. Headquartered in Toronto, Uranium One is a wholly owned subsidiary of Uranium One Holding N.V. which is a wholly owned subsidiary of Rosatom, the Russian State Corporation for Nuclear Energy.
Anyone interested in the “Uranium One” link will have to put “Uranium One” into a search box. The URL link does not work today.
Russian Company Buys Majority Interest in American Uranium Mine. Why it Matters
…It so happened that a Canadian company, Uranium One, with little experience in the uranium business, led by a generous Clinton donor, gained a lucrative state in Kazakhstan’s uranium mines. As a result of transactions beginning in 2009, the Russian state-owned atomic agency, Rosatom, bought a 17% share in Uranium One, which had uranium mines in Wyoming. This deal required the approval of a number of the U.S. agencies including the State Department under the title of CFIUS (Committee of Foreign Investment in the United States), a small executive task force that evaluates investment transactions by foreign companies in the United States. The deal was approved in 2010 while Hillary Clinton was Secretary of State…
“Russia took control over 20% of US uranium after Uranium One’s associates made lavish contributions to Clinton Foundation
On January 11, 2016 we marked the one-year anniversary of your Government’s announcement to operate the Pickering Nuclear facility to 2024. This will allow the facility to provide low-cost electricity to the people of Ontario with numerous benefits both in the Durham/Pickering Region and across Ontario. Pickering provides:
- Reliable power to 1.5 Million Homes a day around the clock.
- Low-cost electricity, 37% below the average residential cost.
- Low-cost electricity will save ratepayers $600 million.
- Clean energy which avoids 17 million tonnes of greenhouse gases.
- Innovative healthcare producing 20% of the World’s Cobalt-60.
- 4,500 jobs in the Durham/Pickering area.
Thank you for your Government’s recognition of the role Pickering will play to 2024 and for your commitment to low-cost, clean, reliable electricity and to jobs and innovation in the Durham and Pickering Region.