Stagger's Posts
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Let us forget about the past and focus on AFCON 2013 whose qualifiers start in January. And of course, we have to remember that the World Cup qualifiers now have a different format, with the 10 group winners going on to face themselves in a Home and Away knockout format to determine Africa's 5 qualifiers for 2014 World Cup. So the earlier we put that Guinea game behind us, the better. |
growrich: Ltrust:Run away from people like this. How can you start exportation business with N100k? OP, look for things of value that you can sell for profit to recover your money. A girl I know made 100k in 1995 repackaging and selling honey to supermarkets. This is 16 years ago. Imagine the value of that money. |
No body has superior knowledge of any subject matter on earth; certainly not me. I simply brought in a perspective which I am sure many traders are overlooking, which is the role of financial news TV in informing traders of possible market sentiment. And truly, the news was all pointing to a good day for the Euro. Nothing dramatic! Personally, I am way too busy in the mornings to post anything here; most of my posts here are done in the night hours when I have peace and quiet around me. |
pip love-vendor:You wanna start something? Go and check season 1 and season 2 of this thread; I do not put out trade calls to show off that I am some guru, because I do not consider myself one. So your comment is so way off point, it could as well be flying off as space debris. Those who will benefit from what I posted will benefit. People like you who always come here to drool about how many pips you made from this pair or that pair will probably not. Only those who are sick need to go to a doctor. Those who are well, have no business in a hospital. Get my drift? ![]() |
leopower:Because too many of you are only looking at technicals and ignoring all the market moving events over the weekend. German Chancellor Angela Merkel and French President Nicholas Sarkozy met and discussed the Eurozone crisis over the weekend. These are the 2 biggest Eurozone economies talking. They came out and issued a statement to support banks in the Eurozone. This was put to the test today with the bailout of a major Belgian bank. These events shored up investor confidence; a situation arose to test the resolve of the biggest Eurozone economies and they responded just as they said they would. That is what sent the Euro soaring across board. ALWAYS LOOK AT THE WEEKEND EVENTS IN EUROPE IF YOU ARE TRADING THE EURUSD. Euro is heavily affected by the political and economic events in the Eurozone. I always tune into Euro News, CNBCA and Bloomberg on my DSTV. You will gain a lot of insight by watching these channels. make una leave Soundcity and MTV Base and Channel O; pay more attention to what will put money in your pockets! ![]() |
I consider myself a Christian and I had had this argument with some fellow Christians in school once. I gave a bold stamp of approval of advocating for condom use for both married and unmarried folks. Truth is that no matter how much of the salvation gospel you preach, many people will still have sex outside marriage. So does it not make more sense to keep these people alive and disease-free and give them a chance to convert? By the way, one of the first advocates of condom use was gay; he was dying of HIV and he testified before the US Congress in 1983 about his beliefs that HIV spread could be checked with condom use; turns out he is right. The reason why Africa has been devastated by the illness is the unwillingness of our men to use condoms and use them properly. So my dear, throw away that garb and sell your condoms without restrictions; it will be counted more for you as righteousness that you are contributing towards saving lives; the choice of whether to stay away from sex outside of marriage or before marriage is a personal one and not yours to make. |
pip love-vendor:If you notice, I quoted you after I had made the comment about conflicting stuff being put out here, MEANING THAT I WAS NOT REFERRING TO YOU. I quoted you and made a comment concerning the quote thereafter. Try to interpret comments properly. |
Too many conflicting stuff being thrown around here, pip love-vendor:Trust your strategies but time your entries and make sure your account can survive the drawdowns. Still it was a risky play because if the SNB had adjusted the EURCHF peg the trade would have delved further into a losing position. |
What a load of BS. There is a difference between a prophecy and a vision. A vision is a glimpse of things to happen so that prayers and other action can be taken to avert the negative things seen. People need to read the story of hos Hezekiah reversed the death sentence that God had proclaimed on him, and how he got the same God to give him back 15 years of life. You do not need to just relax and take whatever has been prophesied or visualized about you. I have had experiences, that is why i can talk with this confidence. But I dont' know; obviously players like Osaze just can't be bothered. |
otokx:I concur. CIV and Ghana are Africa's best at the moment. Cameroun is in transition. We saw this at the last world cup. South Africa have a fantastic side. They were just unlucky not to qualify. NIGERIA? LIVING IN PURE DENIAL. Our football is in the doldrums. Funny enough, if we put in the same concerted effort that has been put into our local league that has seen at least a team always reaching the semi-finals of the CAF Champions League and Confederations Cup for the last 8 years running, we will see the national team pick up. But the Super Eagles is a cash cow for too many people so I do not see us going anywhere. |
Life is full of tests. lucifer was given the position as the anointed cherub covering the throne room of God; he was in fact, the head of the angels and closes to God. He had a test; could he maintain his position or would he want to get greedy? he got greedy and was thrown down. In life, we are faced with tests. Passing a test makes you more mature. Adam and Eve failed their test. The question is; can we pass our own tests? |
Siasia should do us a favour by dropping his N5m a month job, giving up that house he was given in Abuja and go back to catch crayfish and prawns in his home state. After all, Nii Odartey Lamptey of Ghana is selling cows now and he is making money from it. Yes, he was a good player in his time and he knows that in his days, the Super Eagles were more committed, but it is time for Siasia to leave football coaching to those who know how to do it and try his hands at something else. |
So T.B Joshua forced him to miscue the clear goal he should have scored in the first half? What nonsense! If this Osaz f.ool has nothing better to say, he should SHUT UP! White haired f/ool who is more concerned with donning the latest hair do than in improving his skills. |
This is a true life story. I inherited a piece of land in my villa. Got an uncle of mine who I trusted to do the necessary paperwork and traditional rights. An aggrieved uncle who felt I cut him out of the whole deal went and planted something (this I know because the man in question confessed on his deathbed some years later). A woman who was farming close by strayed into the piece of land and was struck by lightning in very clear weather and died on the spot. The culprit of this incident later said he was "testing something" against trespassers and meant no harm to my person. Una dey see reason? |
Cargoed:Do you have a courier license? |
I thought of going to the stadium to watch this game, but I remember the way Nigeria-Tunisia played out and I held back. No as I dey here dey chop my wife pepper soup, I am very glad I did not go. Too many old legs in the Super Eagles. Siasia must indeed be a goat to put Emenike who is playing in Russia at this time of the year (when their winter has started) to play 90 minutes as a pointman in Abuja where the temperature sometimes exceeds 40 degrees centigrade. Who advises these people? |
Corrupt governors are no more satisfied stealing in millions; now they steal billions! |
After having been in office for 6 years, in a state that boasts of the famous spare parts markets at Nnewi and the Mgbuka market, it is today he remembers that Anambra youths should emulate Steve Jobs. What kind of governors do we have in this country? |
^^^^^^^^ if you like, you can become world president, I cannot be bothered. By the time we finish beating the drum for you to dance, you go know say shoe get size. Only a stubborn fly will use a size 7 leg to enter size 11 shoe. |
The official rate crashed to N164 today as the CBN has put some restrictions on the participation of multinationals on the foreign exchange auctions. See the official circular from CBN's website. http://cenbank.org/out/2011/circulars/ted/ted.fem.fpc.gen.01.018a.pdf |
doctokwus:People like me are too busy trying to make impact in our own little way just as Steve Jobs did; such time cannot be wasted on cavemen like Okija_Juju. |
Okija_juju:You are too small for me to even exchange words with you. You are not the first and you will not be the last. One of my roommates in school that was fond of doing astral travels. One night I almost made his spirit not to return to his body, and he packed out of the room the very next day. YOU ARE TOO SMALL, YOU DON'T KNOW WHOM YOU ARE MESSING WITH! ![]() |
smithereen:How? ![]() |
The GU only moved down because the BoE increased its bond buying facility to 270bn from the expected of 200bn which it maintained for some months now. This was a purely fundamental move and not a technical one. So those who profited by thinking it was technical should not be too quick to attribute it to their skills; the news trade could easily have gone the other way. |
The comments by the Swiss State Secretary Marie Gabrielle Ineichen-Fleisch on the EURCHF peg being ideal at 1.30 to 1.40 for Swiss exporters has already put a bearish bias on the Swiss Franc. Why would anyone still hold on to what is obviously a losing trade, already at -150 pips? Cut your losses now! |
What just caused the EURUSD surge? |
Okija_juju:Why don't you make the first attempt and see if you will live to see the next day? You will know that Power pass power! And you can also get your Eze Mmuo Okija to make an attempt as well. What happened to that witch in Liberia who attempted to mess with the Bishop will happen to you all. Or perhaps, you have not heard of the death of more than 3,000 witches in the 70s in Benin that came for conference when one of the Bishop's spiritual fathers Benson Idahosa was still alive. I doubt that your Eze Mmuo will even listen to such a request from you; he will throw you out of his shrine because he knows the implication of such a request and will not go where even angels fear to tread. People like you can be likened to the stubborn housefly that will follow a rotting corpse into the grave. I double dare you to make the attempt to kill the Bishop and throw him into the evil forest as you have boasted and we will see what will become of you! You think you have the chicks; you will find out that we have the mother hen and we are not just a prosperity church. Sometimes people need a practical demo to learn some lessons! ![]() |
A few hours ago, FPA member mgeorges emailed in a link to a story about the New York Attorney General suing the Bank of New York Mellon. The suit is to recover nearly 2 billion dollars ($2,000,000,000) that is claimed to have been improperly taken from clients as a result of giving bad prices in forex trades. Rather than quote the news article, I caught Pharaoh online and asked him to find the original source. He gave me the links to where it's all covered on the NY AG's website. Here's what it says, A.G. SCHNEIDERMAN & NYC SUE BANK OF NEW YORK MELLON FOR DEFRAUDING PENSION FUNDS, OTHER CUSTOMERS IN FOREIGN CURRENCY TRADING BNY Mellon Promised Customers “Best Rate” On Foreign Currency Exchange Transactions – Instead Gave Worst & Pocketed Difference A.G. Seeks Nationwide Recovery of Nearly $2 Billion NEW YORK – Attorney General Eric T. Schneiderman and the City of New York today filed a lawsuit against the Bank of New York Mellon (BNY Mellon) for defrauding clients in foreign currency exchange transactions. The lawsuit seeks to recover the profits BNY Mellon illegally earned by deceiving its customer. The victims include both public and private pension funds, including those of the New York City Employee Retirement System (NYCERS) and the State University of New York. Over a 10-year period, BNY Mellon consistently misrepresented to customers the rates it would give foreign currency transactions. Instead of providing the best interbank rates– as it promised – BNY Mellon gave the worst or nearly the worst rates of the trading day. The Bank made nearly$2 billion from these trades, accounting for over 65 percent of its foreign exchange revenues. “This landmark case uncovered a fraud committed against both government and private pension funds,” Executive Deputy Attorney General Karla G. Sanchez said. “This office will continue to commit its full resources to hold those responsible accountable, seek restitution for the victims, ensure that our markets are fair and transparent, and uphold one set of rules for all market participants.” New York City pension funds were among the most impacted of BNY Mellon’s clients and lost tens of millions of dollars as a result of its fraudulent rates. In addition to NYCERS, those funds include the Teachers Retirement System of the City of New York, the New York City Police Pension Fund, Subchapter 2, and the New York City Fire Department Pension Fund, Subchapter 2. Therefore, the Attorney General’s Office worked with the New York City Corporation Counsel and the Office of the New York City Comptroller. “As we've demonstrated many times, we will use litigation to ensure that our pension funds are not shortchanged, now or in the future,” New York City Assistant Corporation Counsel John Low-Beer said. “We have therefore brought this suit to recover the damages we are entitled to under the law.” “Banks are expected to provide a reliable and honest service to their customers. Unfortunately, this does not seem to be the case as it relates to the Bank of New York Mellon and their foreign exchange services provided to the New York City Pension Funds,” Deputy Comptroller for Legal Affairs / General Counsel Ricardo Morales said. “We remain confident that New York City’s pensioners and taxpayers will recoup what they are rightfully owed.” The lawsuit follows a lengthy investigation during which the Attorney General’s office uncovered extensive evidence and sworn testimony that revealed BNY Mellon’s elaborate scheme to lure customers with promises it did not intend to keep. The Bank guaranteed customers of its Standing Instructions program that they would receive the “best rate of the day” or the “most competitive/attractive FX [foreign exchange] rates available to us.” It claimed to monitor exchanges agents completed “to ensure that the best rate is attained for our clients,” and advertised that the Bank netted buy and sell orders for the benefit of clients and that Standing Instructions execution was “free of charge." The Attorney General’s investigation found that BNY Mellon’s statements were false. Far from giving clients who used the Standing Instructions program the “best rate of the day,” or “best execution,” the Bank provided the opposite: the worst or nearly the worst of the pricing rates available to the Bank that day. BNY Mellon employee testimony admitted the Bank neither sought the best rates for Standing Instructions customers nor provided best execution. BNY Mellon concealed its pricing practices from its clients, and made its profit by pocketing the difference between the worst price of the day, which it charged its clients, and the actual market price at the time of the trades. BNY Mellon profited enormously from its deceptive conduct. The currency exchange trades through its Standing Instructions program were seven times more profitable to it than foreign currency transactions that were directly negotiated, earning it an average additional 15 basis points per transaction. While the Standing Instructions program accounted for only 20 percent of BNY Mellon’s foreign currency exchange transactions, it equaled 65 to 75 percent of its foreign exchange sales revenue. The case began when a whistleblower filed a complaint with the Attorney General’s office. The whistleblower action was originally filed by FX Analytics in 2009. In compliance with the New York False Claims Act, the whistleblower’s complaint was filed under seal while the Attorney General had the opportunity to investigate the matter. By filing the current complaint, the Attorney General has superseded the whistleblower in the action, and added new claims. The new claims uncovered by the Attorney General’s office include securities violations under New York’s Martin Act. This lawsuit represents the first time that the Attorney General’s Office has applied both its False Claims Act and the Martin Act in the same case. The complaint also asserts that BNY Mellon violated New York Executive Law sections 63(12), and 63-C; committed common law fraud; and breached the Bank’s fiduciary duty to clients who utilized the Standing Instructions program. The City and City Comptroller have joined the State in this action, adding claims for breach of contract and breach of the New York City False Claims Act. For these violations, the Attorney General seeks to force BNY Mellon to return its profits, restitution, damages, and with respect to the False Claims Act violations, triple damages and penalties of $12,000 per violation. A full copy of the complaint is available here. The case is being handled jointly by the Attorney General’s Investor Protection and Taxpayer Protection Bureaus by Senior Enforcement Counsel Roger Waldman (IPB), and Assistant Attorneys General Shmuel Kadosh (IPB) and Deputy Bureau Chief John Carroll (TPB) under the supervision of Bureau Chiefs Marc Minor (IPB) and Randall Fox (TPB) and the Executive Deputy Attorney General for Economic Justice Karla G. Sanchez. For New York City Corporation Counsel’s Office, the case is being handled by Affirmative Litigation Division Senior Counsel John Low-Beer. BACKGROUND The New York State False Claims Act provides incentives for whistleblowers to report matters where governmental entities, such as pension funds, have been defrauded. The provision allows whistleblower to recover between 15 and 25 percent of the recovery made on behalf of New York. As a state senator, Attorney General Schneiderman authored amendments to strengthen the False Claims Act. These enhancements, known as the Fraud Enforcement and Recovery Act, allow the state to collect triple damages and penalties from corporations or people who defraud the government, or violate their obligations to pay government entities. Attorney General Schneiderman created the Taxpayer Protection Bureau in January 2011 specifically to handle whistleblower cases and cases where the government itself has been victimized. The Martin Act empowers the Attorney General to protect investors from fraud occurring from or within the State of New York. This was in my email today. Seems brokers are on a scamming spree. |
Okija_juju:Thank you for the first sentence. Truly madness has grades and yours seems to be the highest! How many of your Okija_Juju priests can afford to buy a fuselage, talkless of an aircraft? |
IykeD:Go and weep for yourself. Winners will still build and fund more community schools like we have done for 31 years and still running and we will still keep feeding orphans and widows like we do every single month, AND WE WILL NEVER GO BROADCASTING IT ON TV TO GAIN THE PRAISES OF MEN! NEVER! And we will keep spreading into every nation on planet spreading the news that GOD IS NOT AND CAN NEVER BE A POOR, BEGGARLY GOD! If you do not like it, go and bury your head in sand. For too long I have stomached the nonsense that people dish out here and it is time to put a stop to it. I have been personally involved in outreaches for the past 17 years, even been to places in this country where the people have never even seen a bicycle and still wear leaves as clothing, even in the 21st century. I or the church I belong to do not need to carry cameras to go about filming as a PR stunt. We do what we do for God and let HIM be the judge, not you or the other Okija fellow. |
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