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By MIchel Kalib
$88.8 No-Deposit New Year Welcome Bonus. Received previous free welcome bonuses of JustForex to any of their trading accounts earlier can get $88.8 free-No-Deposit Bonus.
$88.8 Free Welcome Bonus Rules:
Only the clients who haven't received previous welcome bonuses of JustForex to any of their trading accounts earlier can get 88,8$ Welcome Bonus.
One client can open only one Welcome Standard account and get the Welcome Bonus in the amount of 88,8 USD only once.
Only the residents of the People's Republic of China (China), Republic of China (Taiwan), Hong Kong Special Administrative Region and Macao Special Administrative Region of the People's Republic of China can participate in the 88,8$ Welcome Bonus promotion.
To get the 88,8$ Welcome Bonus the trader needs to register Back Office (if hasn't registered yet) and open Welcome Standard account. The bonus funds will be credited to the account automatically. Please note that while opening the Welcome account it is required to verify the current telephone number
Refer a Friend to FXB
Receive up to $250 for every friend you refer
Are you enjoying your FXB Trading experience? Do you want to be rewarded for spreading the positive feedback?
Refer FXB Trading to friends and family. If they open and fund a live account, you can earn up to $250* cash deposit! You can refer as many friends and contacts as you wish. There is no limit to the number of new traders you can recommend, so you can keep earning.
How to refer a friend
Simply refer a friend, who is not our client, to FXB and we will continue from there. When your friend opens a live account, you will automatically receive up to $250* in your account.
If you are an existing client, tell your friend to use the referral link while completing the registration form or just send us your friend’s name, email and phone number to [email protected]
If you are a non-existing client, you can still refer a friend by simply completing the form below
Terms and Conditions apply*
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Water will become a traded commodity, like oil, gold and silver, it’s just a matter of time.
70% of earth may be covered by it, but less than 1% of it is readily available freshwater, which makes it a scarce resource.
It’s value to human life is unquestioned – oil, gold and silver we can live without – we die without water.
The problem for Wall Street and the major international markets is that in addition to overcoming the difficulty of attaching a price to something so essential to our lives, for it to become a traded commodity it also needs to fulfil three criteria: standardised/interchangeable, tradeable and deliverable.
WATER IS MORE EXPENSIVE THAN OIL TO TRANSPORT
Water is always made up of H₂O, but the levels of minerals and metals it also contains depends on the location it is drawn from thus making it difficult to standardise.
Its tradability is dependent on location. There are parts of the world have so much of it their biggest problem is flooding. In others it’s a scarcity and they suffer droughts.
Water is also costly to transport – it costs more to pipe water than it does to pipe oil.
So how can it be said with any certainty that it will become a tradable commodity?
Jean-Louis Chaussade, the chief executive of French utility Suez, recently told the Financial Times that he believed water will become more valuable than oil because of the increased demand from people, industry and agriculture.
DEMAND FOR WATER IS INCREASING BEYOND SUPPLY CAPABILITIES
The United Nations has projected that by 2035, 40% of the world’s population will live with water scarcity. This puts companies in competition with people and farming for supplies.
Local governments around the world are refusing to allow industries to take water from underground to operate which is forcing them to turn to desalination plants or waste water recycling to meet needs.
Instinct tells us that it’s correct to give priority to people and agriculture to the supply of water over industry. But it clouds the issue of government’s inability to manage the provision of water efficiently, and how lack of investment in state-run infrastructure has led to the supply problem and why local government now create barriers for its use by industry.
Converting water into a tradable commodity will result in it being managed more efficiently as a resource. The misuse and over exploitation of the past would be prevented by assigning it a value.
This thinking prompted Fortune magazine to describe water as the commodity that will determine the wealth of nations in the 21st century, in the same way that oil did in the 20th century.
The counter-argument to treating water as a commodity is that it’s a basic human right, and the fear that the world’s poor stand to become worse off as social equality will traded in for economic efficiency.
Trading water rights is already happening in Australia, and to a lesser extent in the western US. The more this happens, the more it becomes accepted and eventually becomes part of the mainstream.
GOVERNMENTS WILL STRUGGLE TO MEET FUTURE DEMAND
The need for fresh, clean water will only increase – by 2050, 55% more water will be needed than supplied today – and government are unlikely to be able to meet that demand because of the massive investment needed to improve supply management.
Markets can play an important role in providing future water security by helping to fund improvement to water infrastructure. The creation of a futures market to trade water would help to create a baseline pricing mechanism against which regional water tariffs could be fairly set.
There is another fear that water scarcity could eventually see water-rich countries (Brazil, Russia, the US and Canada) form into a group similar to the Organisation of Petroleum Exporting Countries (Opec) despite the current transportation issues inherent in moving water. But if serious investment isn’t made into infrastructure – $22 trillion over the next 20 years to maintain current supply levels according to some estimates – then the problem of water shortage will become even more acute.
More news here at FXB Trading
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