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Thread: Rand tanks as Public Protector opens Pandora’s box on currency laws

  1. #46
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    Quote Originally Posted by Rubberpigg View Post
    JSE top 40 tradeable index ended the day up by 1.95%.
    JSE All Share Index ended the day up by 1.54%.
    Shares go up when the currency crashes. There are so many rand hedges on the JSE they might as well start a second exchange.

  2. #47
    Super Grandmaster adamr's Avatar
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    That's a massive tank in currency ... Wow. An entire 10cents

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  3. #48

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    Quote Originally Posted by Garson007 View Post
    Shares go up when the currency crashes. There are so many rand hedges on the JSE they might as well start a second exchange.
    but the currency didn't crash
    Quote Originally Posted by Beerisgood View Post
    Godammit if I meet you I'll eat your eyes out for dinner.

  4. #49
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    Quote Originally Posted by saturnz View Post
    but the currency didn't crash
    1% is 13c.

  5. #50

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    Quote Originally Posted by Pegasus View Post
    It's like saying a video went viral, when 10 people may have watched it.
    Exactly.

  6. #51

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    Quote Originally Posted by Garson007 View Post
    1% is 13c.
    is a 1% move a crash these days?
    Quote Originally Posted by Beerisgood View Post
    Godammit if I meet you I'll eat your eyes out for dinner.

  7. #52

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    So will the rand weaken any further ?

  8. #53

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    Quote Originally Posted by The_Traveller View Post
    So will the rand weaken any further ?
    if you hold everything constant and just focus on this event, then perhaps theres an argument for it

    but everything else is not constant, and so one cannot say with certainty, although some experts on this forum were confident it should have been over R20 by now
    Quote Originally Posted by Beerisgood View Post
    Godammit if I meet you I'll eat your eyes out for dinner.

  9. #54

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    The ANC has rejected the Public Protector's statement and says that she was overstepping her powers.

    http://www.fin24.com/Economy/anc-rej...ution-20170620

  10. #55

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    This PP is way out of her league. She should just resign to save herself from further embarrassment.

  11. #56

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    Quote Originally Posted by Tikkop View Post
    This PP is way out of her league. She should just resign to save herself from further embarrassment.
    Sure, but she has showerhead support !

  12. #57
    Super Grandmaster Jings's Avatar
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    And the bill to freeze the rand for six days of the week is still coming. Poor rand.

  13. #58
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    I might sound like a paranoid person, but I convinced my father to transfer some of his savings to me to Europe via bitcoin so that I could keep it for him over here.

  14. #59
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    Quote Originally Posted by Jings View Post
    And the bill to freeze the rand for six days of the week is still coming. Poor rand.
    Yikes. Going full Argentina soon?

  15. #60
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    http://www.fin24.com/Economy/reveale...ivist-20170621

    REVEALED: Public Protector punted ‘must read book’ by anti-Reserve Bank activist

    Cape Town – Public Protector Advocate Busisiwe Mkhwebane punted a "must read book" by a South African anti-Reserve Bank activist on social media while she was investigating the Bankorp bailout.

    A few months before officially releasing the report, Mkhwebane punted Stephen Goodson’s 2014 book A history of central banking and the enslavement of mankind on Twitter and Facebook, saying in one post that it was “a must read book”.

    The posts were both made o
    Eish..

    More on Stephen Goodson...

    https://en.wikipedia.org/wiki/Stephen_Goodson

    He is a former director of the South African Reserve Bank (2003–12) and was previously a financial consultant in Pringle Bay.[3][
    So no axe to grind there...

    Goodson had stated that the Holocaust was “a huge lie” as "the principle is to extract enormous sums of money from the Germans as compensation", blaming international bankers. Goodson authored a book titled Bonaparte & Hitler Versus the International Bankers where he maintained World War II was provoked by the economic success of Germany, and he has also criticized the political actions of Jewish bankers, posting his views on anti-Semitic websites.[5] As a result, The South African Israel Public Affairs Committee called for the Reserve Bank to fire him for his pro-Nazi statements
    Last edited by Cray; 21-06-2017 at 12:51 PM.

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