Friday, October 14, 2011
IMF WARNING ON INDONESIA; ROTHSCHILDS IN INDONESIA
The biggest Moslem country in the world is Indonesia.
Indonesia has become more friendly with China.
Indonesia is being got at.
Indonesia Could Face Economic Crash, IMF Warns
On 14 October 2011, the IMF reported on the economic outlook for the Asia Pacific region.
According to the IMF:
Indonesia may feel the bite of the global economic crisis
A sell-off by foreign investors could trigger a loss of faith in markets - bond, equity, currency and other markets.
Foreign ownership of Indonesian bonds, at Rp 214 trillion ($24.2 billion), accounts for 31 percent of the total, one of the highest rates of foreign ownership in sovereign bonds among Asian nations.
Indonesia's Bakrie brothers, together with Nat Rothschild, run a firm called Bumi.
Bumi owns a lot of Indonesia's coal.
But, the Bakrie brothers have big debts.
Bakrie brothers close to deal with Glencore over Bumi
Swiss based Glencore, the world's biggest commodities firm, is in advanced discussions to lend Indonesia's Bakrie brothers about $900m (£572m).
The deal could give Glencore a stake and preferential trading rights in Bumi.
The Bakries, who own 47 per cent of London-listed Bumi, desperately need to raise cash after breaching the terms of a $1.35bn loan arranged by Credit Suisse.
The Rothschilds are linked to Glencore.
FT.com / Rothschild links to Glencore