BURSA 12.04.2018

MAKE translated by Cosmin Ghidoveanu
 
mărește imaginea
Make, with his Indian buddy in India
     New Delhi, March 4th, 2017 - I am in the garden of the Royal Plaza hotel, sitting next to the table of a group of Indians, probably Hindus, two women in colorful saris and two men, all of them in their fifties. They are checking me out, I catch them doing it a few times. A Romanian manea, with heavy Indian influences starts playing from the speakers, I am surprised, I start laughing.
     - Do you like our music?!
     He's dark skinned, with a Domenico Modugno-style mustache, the backs of our seats are touching.
     - Yes, but the song wasn't made in India, but in Romania. Did you think it was one of yours?
     He nods. He turns around and translates what I said to the others.
     - You are from Romania?
     - Yes. I understand the lyrics: "Money is just pieces of paper that changes people / I've been poor, but I am rich and money hasn't changed me / I was and am staying the same, with decency / Beggar or lord, I'll stay the same..."
     - Nice. Is Romania next to Russia?
     - Yes.
     - What do you do?
     - I am a journalist. You?
     - I have a factory, I am manufacturing monumental gates. Look, just like the gate of the hotel, like this.
     - It's complicated. Hard business.
     - Yes. I am selling it, I don't want the plant anymore.
     - And what are you going to do?
     - Bitcoin trading.
     - Say what?!
     - Do you know what Bitcoin is?
     - Yes, I've heard. Bitcoin is "The nothing". Do you sell your plant to trade "nothing"?!
     - In a transaction, it's not the merchandise that's important, but making money. And for it to be easy.
     - I am a financial journalist. The bitcoin market is a Ponzi scheme. My advice is to stick to monumental gates. Don't do it!
     He turns to the others, I think he is recounting them our conversation.
     One of the women, probably his wife, frowns, he tells her something in response.
     They laugh.
     The song has long since ended.
     I've finished my coffee.
     We take pictures together.
     We say goodbye to each other.
     Bucharest, April 6th, 2018 - Bloomberg announces that the 26 billion dollars hedge fund of the Soros family intends to trade the cryptocurrency market, a piece of news which was reported by news agencies and the rest of the mass-media, saying that Adam Fisher, the macroinvestment manager of the Soros Fund Management company, headquartered in New York, has received the internal approval to conduct virtual currency transactions and that the on principle approval was granted a few months ago, but for now it has not made any trades.
     The companies also mention that just on January 25th, in the Davos forum, George Soros said that bitcoin was not a currency, but a bubble: "Cryptocurrency is a wrong name and it is a typical bubble that always depends on a sort of misunderstanding. Bitcoin is not a currency, because a currency ought to be a stable currency deposit, and a currency that can fluctuate 25% in one day cannot be used, for instance, for the payment of wages, because wages would drop 25% in a day."
     On the other hand, in the same speech, Soros said that blockchain technology (the database of the cryptocurrency transactions, fully accessible to the public), even though it is mainly used for evading taxes allowing dictators to hide their nest eggs abroad, it can also be used for positive purposes; the speculator said that "the Soros Open Society Foundation" uses the blockchain technology to reduce the global refugee crisis, using it to allow migrants to communicate with their families and keeping their savings safe (even though he didn't explain how he does the latter, without converting their savings to bitcoin).
     One day earlier, Indian Naval Ravikant (look, another Indian!), cofounder of internet company "AngelList", had posted on his Facebook page: "Bitcoin is an instrument to free humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme."
     Bucharest, April 8th 2018
     - the NewsBTC website, focused on the issue of bitcoin and other cryptocurrencies, announces that:
     1. Rothschild - "this family which is particularly known for its ties to banks and other financial institutions" - which you wouldn't expect to be looking towards bitcoin, seems to have been active in cryptocurrency transactions, since 2017, through Bitcoin Investment Trust;
     2. Co Flock, the company created by Bhavin Turakhia (many Indians in my article) which makes collaboration and communications programs, is willing to enter the cryptocurrency market.
     - "Fortune" publishes an article given by David Pakman, a partner of Venrock (investment fund of the Rockefeller family), in which he said that the firm in question was willing to enter the cryptocurrency market.
     Bucharest, April 9th, 2018 - I checked on the bitcoin market today.
     The day I listened to (for the first time in my life) "Money is just paper that changes people", bitcoin was valued at 1,267.68 dollars and came one year after its value had tripled (January 11th, 2016 - 409.95$), and so it was natural that he would charm my Domenico Modugno from India, but the explosive rise of the next months drove everybody crazy: on June 5th, one Bitcoin had nearly doubled again, being valued at 2,851.07 dollars, on August 28th, it had risen to 4,672,83$, and on December 11th it reached 17,549.67$, and then to peak at 19,000$.
     Somebody collected the difference from 1,000$, to 19,000$.
     It was a glorious peak, and then it started dropping, but one year after the discussion in the garden of the Royal Plaza hotel, on March 19th 2018, bitcoin was still about eight times more expensive (8,717.55$).
     I don't know what the Indian did, I don't think he listened to me, I think he bought bitcoin and he made a killing, if he got out on time.
     Let's say that he sold his plant, let's say he got 500,000$ for it, let's say he spent all that on bitcoin on June 5th, and that he was smart enough to sell on December 11th (he didn't wait greedily to sell at over 19,000$, but at 17,500); it follows that he multiplied the initial amount six times, to 3 million dollars.
     That was in the past.
     Currently, the bitcoin market has experienced the hangover after the euphoria, going down to 6,500$.
     The news that Soros would invest in bitcoin has raised the price from the low of 6,540.21$, of April 6th 2018, to 6,842.89$, on April 7th, and on the next day, April 8th, it continued to rise to 6,950.22$, to get new boosts from Rothschild and Rockefeller. On April 9th it rose to 7,170.60 and crashed again to 6,685.56, at 17:00 from Bucharest.
     For me, the fact some people win in the Ponzi scheme doesn't make it anything else than what it is - a pyramid scheme, to hoover the money from the bottom of the pyramid, to the top.
     The first ones in win.
     They are few.
     The hysteria of the tulip bulbs, which started in Holland in the year 1635, has provided impressive gains to some and led to a huge volume of speculations until 1637, when the burst of the speculative bubble caused huge losses (there were cases where a tulip bulb was valued at 5 hectares of land).
     Bitcoin is one such craze.
     Soros, Rothschild, Rockefeller know it's a fad and they're feeding it.
     They are ahead of the line or they know how to do that if needed.
     The most disturbing suspicion is that behind the speculations with bitcoin is the State itself - the states that are overindebted have come up with a way to vacuum more money from their citizens. That is another scenario.
     When all is said and done, bitcoin is a caricature of the currencies broken away from the gold standard, which have completely no connection to the production of goods.
     The cryptocurrency market is nothing but a farce.
     But you could win, and you could lose, by investing in this farce. 
 

 
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Aceeasi sectiune (English Section)
FOR THE FIRST TIME AFTER THE LOSS OF 2.6 BILLION LEI OF 2014
Actualitate - vezi toate știrile mai jos.
Bănci-Asigurări, 18:00
ROMÂNIA:
     
     Numărul de carduri active din România a ajuns, în primul trimestru al anului, la 12,81 milioane, cu 2,9% mai mult decât în aceeași perioadă a anului trecut, potrivit datelor publicate de Banca Națională a României (BNR).  click să citești tot articolul
Miscellanea, 17:35
TĂRICEANU:
     Președintele ALDE, Călin Popescu Tăriceanu, a declarat, astăzi, că a fost la Guvern pentru a o asigura pe Viorica Dăncilă de sprijinul său și de soliditatea majorității parlamentare, informează News.ro.  click să citești tot articolul
Internaţional, 17:20
     Principalii indici bursieri de pe Wall Street, SUA, au deschis ședința de tranzacționare de astăzi în depreciere.  click să citești tot articolul
Companii-Afaceri, 17:10
COMPLEXUL ENERGETIC OLTENIA:
     Complexul Energetic Oltenia, unul din cei mai mari producători de energie din țară, a raportat anul trecut o cifră de afaceri mai mare cu 28,5%, de la 2,28 miliarde lei în 2016, la 2,93 miliarde lei, informează News.ro.  click să citești tot articolul
Internaţional, 16:52
     Ambasada Statelor Unite în Israel s-a distanțat miercuri de un montaj fotografic prezentat marți ambasadorului David Friedman, în care locurile sfinte musulmane din Ierusalim au dispărut și au fost înlocuite cu un templu evreiesc, relatează AFP.  click să citești tot articolul
Calendarul BURSA 2018
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English Section
16.05.2018
GABRIELA MIHAELA VOICILĂ, THE BUSINESS ENVIRONMENT MINISTER:
     Where there are many entrepreneurs there is creation, where there are many women entrepreneurs there is divine creation, says Gabriela Mihaela Voicilă, state secretary in the Ministry for the Business Environment, Trade and Entrepreneurship (MMACA). In her opinion, entrepreneurship means joy, a better situation, but less time for the family: "Taken together, entrepreneurship means achievements (...) Every one of us needs validation, for having built, having created something".  click here to read the entire article
14.05.2018
IN THE LAWSUITS AGAINST THE BANKS
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09.05.2018
IN THE ROMANIAN BANANA REPUBLIC...
     The urge "Mircea, act like you're working!", back in the days of the so-called revolution of December 1989, was brought back recently by a new "director".
     We are talking of course, about the meeting between NBR governor Mugur Isărescu, and a government "delegation" led by chamber of deputies chairman Liviu Dragnea, together with PM Viorica Dăncilă.
     Sources from within the PSD, quoted by ziare.com, have claimed that, "in the meeting with the NBR governor, Liviu Dragnea seemed to be looking for a way out, and he seems confused, as he didn't expect his decisions to lead to such effects in the economy".  click here to read the entire article
08.05.2018
     Liviu Dragnea's insistence in moving the Romanian embassy from Tel Aviv, to Jerusalem, feeds an older, widespread confusion. Much older. Politically, Jerusalem has been divided from the first presence of the Judeans on the lands of the Palestinians, since back in the days of Abraham and Abimelec. "The indivisible Jerusalem" wanted by Benjamin Netanyahu is a spiritual creation.
     Definitely, pilgrims and locals claim that Jerusalem has a geography, meaning that the city would be compatible with the cardinal points and that is why Palestinians, Israelis and people overall, including those of the UN, EU and the US, speak about Eastern Jerusalem and Western Jerusalem, without anybody being surprised that that is happening at the center of the world, where the god of the Judeans began his creation, starting from the very rock from which later Archangel Gabriel raised Mohammed to visit Heaven, the same place of origin where one of the seven angels "and showed me the Holy City, Jerusalem, coming down out of heaven from God." (Apocalypse, 21: 10), where God is one of the same.  click here to read the entire article
03.05.2018
     Financial fair play is a concept that comes from the world of soccer. The notion is simple, don't spend more than you earn in a month, or in a year, regardless of what shareholder, mogul or investor enters the business.  click here to read the entire article
03.05.2018
     President Klaus Iohannis has announced that he has decided to send to the Constitutional Court the laws on the judicial system, but also to the Venice Commission. The president has issued a call to the CCR not to hurry and to work with the European entity, saying that after the Constitutional Court gets to issue an opinion on the new laws, a new analysis of the laws will be conducted and it will be decided then if a new reexamination of the three laws in the Parliament will be needed.  click here to read the entire article
27.04.2018
     The dystopia of 2169 seems to be 151 years away from us, if we were to watch the American sci-fi movie "In Time", in which New Zealand screenwriter, director and producer New Zealand Andrew M. Niccol has imagined a world in which money has been replaced by the lifespan left and each individual over 25 years old (when they stop aging), are wearing a counter on their arm, displaying how much they have left to live; the economic system relies on transactions paid in lifespan - banks, loans, interest rates - the rich are storing billions of years, while the poor only have hours, minutes or seconds left and when their time is up they die suddenly, as if struck by a mace.  click here to read the entire article
25.04.2018
DEPUTY PRIME-MINISTER VIOREL ȘTEFAN:
     * Bogdan Chirițoiu: "The European Commission will force the future buyer of Sidex Galați to increase the output of steel"
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20.04.2018
     * "Iliescu on trial for all the bloodshed!" was one of the powerful slogans of the University Square, as well as "Iliescu - KGB, go back to the USSR!".
     We, who had organized the marathon protest of the century, knew who Ion Iliescu was, as the rest of the Romanian people took a long time to catch on, even Brucan was wrong in his estimate that the much maligned "stupid people" would take two decades to "awake".  click here to read the entire article
16.04.2018
     * - The Syrian gas attack did not exist, the American missiles were brought down, then where are the dead coming from?!
     * - It is enough to tell Syrians that they are attacked and killing each other?
     Friday, Syria was attacked by war attacks, in which a warship of the United Nations which operate in the Red Sea (according to the American officials), American B-1 bombers, four British Royal Tornado GR4 aircraft (which fired Storm Shadow missiles) and French Rafale jets.  click here to read the entire article
12.04.2018
     New Delhi, March 4th, 2017 - I am in the garden of the Royal Plaza hotel, sitting next to the table of a group of Indians, probably Hindus, two women in colorful saris and two men, all of them in their fifties. They are checking me out, I catch them doing it a few times. A Romanian manea, with heavy Indian influences starts playing from the speakers, I am surprised, I start laughing.  click here to read the entire article
02.04.2018
FOR THE FIRST TIME AFTER THE LOSS OF 2.6 BILLION LEI OF 2014
     The Romanian Commercial Bank (BCR) has proposed to shareholders the distribution of dividends of 228.12 million lei, out of the profit of 570 million lei, for last year, this being the first year with such an item on the agenda of the General Shareholder Meeting, after the huge loss of 2014, of 2.6 billion lei, caused by the high provisions and the sale of non-performing loans.  click here to read the entire article
30.03.2018
     The website of the National Bank of Romania still includes the statement that its monetary policy strategy is the direct targeting of inflation.  click here to read the entire article
28.03.2018
     No investor has expressed interest in the privatization of the "Sanevit 2003" disposable syringes factory of Arad, as part of the last procedure initiated by the Ministry of the Economy, which took over the company in 2012 to save ut from bankruptcy, but since then, several attempts at privatization have failed, and since 2013 the plant hasn't manufactured anything, according to News.ro.  click here to read the entire article
27.03.2018
ALEXANDRU BOTEZ, ELECTRICA SHAREHOLDER:
     * The Ministry of Energy has requested the election of a new Board of Directors, even though the current management was elected in October, for a four-year term
     * The company's directors are entitled to compensation in the event of their unjustified dismissal
     * Challenges in court concerning the prior elections would remain groundless
       The proposal of the Ministry of Energy that the shareholders of Electrica (EL) decide, in the General Shareholder Meeting of April 27th, the election of the members of the Board of Directors, through the cumulative vote method, for a term of four years, even though the current directors were elected in October 2017, also for four years, has caused discontent among some shareholders.  click here to read the entire article
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