Allegations of widespread fraud in the recent elections that gave Prime Minister Vladimir Putin’s United Russia party a parliamentary majority have galvanized massive street protests in opposition to the Russian political establishment. This comes on the 20th anniversary of the breakup of the Soviet Union. "The reason that the people who control the financial oligarchy in Russia don’t want free elections is they know that if they had free elections to a parliament, the people would vote for candidates pledging to confiscate their property," which was privatized in the 1990s, says Stephen Cohen, professor of Russian studies at New York University. He notes, "though these elections were not free and fair, they were the freest and fairest in 15 years," and that members of the country’s middle class make up the bulk of the protesters. Cohen also argues the American media has failed to report on the resurgence of the Communist Party, supported mainly by working-class voters in Russia’s vast provinces, which could challenge Putin in the 2012 presidential race and force a runoff election.
http://www.democracynow.org/2011/12/30/election_fraud_galvanizes_russian_opposition_communist
lördag 31 december 2011
torsdag 29 december 2011
Gerald Celente on the Smoking Gun Behind MF Global
Jim welcomes Gerald Celente to discuss the MF Global debacle and the missing client funds. Gerald himself was a victim of the collapse and believes there is a "smoking gun" which reveals the fraudulent nature of MF Global.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/29/gerald-celente/the-smoking-gun-behind-mf-global
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/29/gerald-celente/the-smoking-gun-behind-mf-global
onsdag 28 december 2011
WWIII Countdown: CFR declares "Time to Attack Iran"
The highly influential Council on Foreign Relations (aka CFR) declared this month in their online publication "Foreign Affairs" that it is now time to attack Iran.
http://www.youtube.com/watch?v=MrdVqgt0Dwk
http://www.youtube.com/watch?v=MrdVqgt0Dwk
The Bakken Boom - A Modern-Day Gold Rush
The Bakken narrative being constructed by the likes of Yergin, Crooks, and Luce is hopeful, yet incomplete. Production from North Dakota is climbing rapidly, but production in Montana and, more importantly, Alaska’s North Slope is declining. When taken together, a picture resembling the shadow of truth emerges. The Bakken boom has simply hidden a much more troubling trend; it has nearly perfectly balanced out the decline in North Slope output.
http://www.theoildrum.com/node/8697
http://www.theoildrum.com/node/8697
tisdag 27 december 2011
“So that love has a context.”
John Perry Barlow is an American poet and essayist, a retired Wyoming cattle rancher, and a cyber-libertarian political activist who has been associated with both the Democratic and Republican parties. He is also a former lyricist for the Grateful Dead. He tells us about an encounter with death in a cemetery in Mexico.
http://www.fabriziochiesa.com/photography/series/anecdotes/john-perry-barlow/
http://www.fabriziochiesa.com/photography/series/anecdotes/john-perry-barlow/
onsdag 21 december 2011
Preserving the EU from the Destruction of the Euro
“Only fear of the consequences of a break-up is now keeping it together”.
The greatest policy mistake now building in the system is this: policymakers will confuse the temporary fall in commodity prices with a permanent reduction of inflation pressures: China, India, Australia come to mind. I think the opposite will turn out to be true. The recent crisis caused commodity prices to fall somewhat but the production constraints are now worse than ever due to lack of bank lending and working capital. So, commodity prices jump back up again very fast. This means central banks especially in emerging markets may start easing way too soon. I bet inflation pressures worldwide are barely beginning.
http://pippamalmgren.com/81.html
The greatest policy mistake now building in the system is this: policymakers will confuse the temporary fall in commodity prices with a permanent reduction of inflation pressures: China, India, Australia come to mind. I think the opposite will turn out to be true. The recent crisis caused commodity prices to fall somewhat but the production constraints are now worse than ever due to lack of bank lending and working capital. So, commodity prices jump back up again very fast. This means central banks especially in emerging markets may start easing way too soon. I bet inflation pressures worldwide are barely beginning.
http://pippamalmgren.com/81.html
onsdag 14 december 2011
Oil - What's really available?
When you study the world oil production even IEA now is in agreement the production of world crude oil has peaked in 2008 and that we're in for future constant decline in production.
World oil production peaked in July 2008 at 74.82 million barrels/day (mbd) and now has fallen to about 71 mbd. It is expected that oil production will decline slowly to about December 2010 as OPEC production increases while non-OPEC production decreases. After 2010 the resulting annual production decline rate increases to 3.4% as OPEC production is unable to offset cumulative non-OPEC declines. The forecast from the IEA WEO 2008 is also shown for comparison.
http://www.theoildrum.com/node/5395
But this however doesn’t mean this total oil production will be available for export. After having reduced these production numbers with e.g. what the oil producing countries themselves consume domestically we end up in what is known as World Oil Exports. That number peaked three years earlier that world oil production.
With one more country assessed, World Oil Exports (WOE) remain little changed. 2005 continues to be the peak date, now with nearly 39 Mb/d of oil traded internationally. The fast decline in the second decade of this century continues to be present, falling from over 36 Mb/d in 2011 to under 26 Mb/d by 2020.
http://www.theoildrum.com/files/WOE[02]_September2008.png
So this means that actually available for non producers of oil to buy now on the world market today is less than 36 mbd. That’s then a number that is expected to be reduced to under 26 mbd by 2020. That’s then equivalent of a decline rate of available oil exports on the world oil market 2011 to 2020 of some 30%.
Just imagine oil producers starting to slow down on their investments to add new capacity on line or lessen their focus on trying to maintain current production volumes not mentioning starting to really use oil as a strategic resource not really making it available on the traded world export markets.
Yet another alternative would be that more and more importers of oil try to seek direct and longer term agreements with the produces thus shortcutting the world export markets making these traded and available for all oil markets even smaller and more constrained in the future.
With just a few million barrels of lessened availability on these traded markets these markets really can indeed become very nervous in absolute no time.
“Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What does this mean for its future?
Let’s take a look behind the figures. Deutche Bank analyst Paul Sankey estimates that Saudi Arabia now
needs $92 a barrel to break even fiscally because of greater social spending, up from $60 barrel in 2008. If exports decline in future years as production falls and consumption rises, further escalation in the break-even price can be expected. Once new programs are put in place, it is difficult for a government to remove them.
News releases from Saudi Arabia emphasize the supposedly rosy world oil situation: Saudi production can still rise to 12 million barrels a day, and there will be plenty of oil from other sources, such as Iraq or a shale oil revolution. Furthermore, the world economy may need less, because of recession.
All of these statements are far from proven. They appear to be crafted to make Peak Oil look like it is not a
problem, and to keep people from asking, “Why would a country whose entire economy revolves around oil, and that supposedly has the world’s largest oil reserves, announce that it is cutting back its plans for expansion? How can it possibly maintain its programs, if it doesn’t keep expanding?”http://www.aspousa.org/index.php/2011/12/saudi-arabia-headed-for-a-downfall/
World oil production peaked in July 2008 at 74.82 million barrels/day (mbd) and now has fallen to about 71 mbd. It is expected that oil production will decline slowly to about December 2010 as OPEC production increases while non-OPEC production decreases. After 2010 the resulting annual production decline rate increases to 3.4% as OPEC production is unable to offset cumulative non-OPEC declines. The forecast from the IEA WEO 2008 is also shown for comparison.
http://www.theoildrum.com/node/5395
But this however doesn’t mean this total oil production will be available for export. After having reduced these production numbers with e.g. what the oil producing countries themselves consume domestically we end up in what is known as World Oil Exports. That number peaked three years earlier that world oil production.
With one more country assessed, World Oil Exports (WOE) remain little changed. 2005 continues to be the peak date, now with nearly 39 Mb/d of oil traded internationally. The fast decline in the second decade of this century continues to be present, falling from over 36 Mb/d in 2011 to under 26 Mb/d by 2020.
http://www.theoildrum.com/files/WOE[02]_September2008.png
![http://www.theoildrum.com/files/WOE[02]_September2008.png](http://www.theoildrum.com/files/WOE[02]_September2008.png){kind=link}
So this means that actually available for non producers of oil to buy now on the world market today is less than 36 mbd. That’s then a number that is expected to be reduced to under 26 mbd by 2020. That’s then equivalent of a decline rate of available oil exports on the world oil market 2011 to 2020 of some 30%.
Just imagine oil producers starting to slow down on their investments to add new capacity on line or lessen their focus on trying to maintain current production volumes not mentioning starting to really use oil as a strategic resource not really making it available on the traded world export markets.
Yet another alternative would be that more and more importers of oil try to seek direct and longer term agreements with the produces thus shortcutting the world export markets making these traded and available for all oil markets even smaller and more constrained in the future.
With just a few million barrels of lessened availability on these traded markets these markets really can indeed become very nervous in absolute no time.
“Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What does this mean for its future?
Let’s take a look behind the figures. Deutche Bank analyst Paul Sankey estimates that Saudi Arabia now
needs $92 a barrel to break even fiscally because of greater social spending, up from $60 barrel in 2008. If exports decline in future years as production falls and consumption rises, further escalation in the break-even price can be expected. Once new programs are put in place, it is difficult for a government to remove them.
News releases from Saudi Arabia emphasize the supposedly rosy world oil situation: Saudi production can still rise to 12 million barrels a day, and there will be plenty of oil from other sources, such as Iraq or a shale oil revolution. Furthermore, the world economy may need less, because of recession.
All of these statements are far from proven. They appear to be crafted to make Peak Oil look like it is not a
problem, and to keep people from asking, “Why would a country whose entire economy revolves around oil, and that supposedly has the world’s largest oil reserves, announce that it is cutting back its plans for expansion? How can it possibly maintain its programs, if it doesn’t keep expanding?”http://www.aspousa.org/index.php/2011/12/saudi-arabia-headed-for-a-downfall/
tisdag 13 december 2011
The Cause of Obesity
Professor Robert H. Lustig, MD, is an expert on obesity and an internet rock star. Just one of his many lectures has almost TWO MILLION views on YouTube.
http://www.youtube.com/watch?feature=player_embedded&v=m8dWNbEscOw#!
http://www.youtube.com/watch?feature=player_embedded&v=m8dWNbEscOw#!
Exercise and Low Carb Diets (with Stephen Phinney)!
Ask most health experts how athletes should eat, and you?re likely to hear about a high carbohydrate diet?fruit, pasta, bagels, granola bars, rice. But if all this is true, how do you explain the Inuit of Northern Canada and the Arctic, who could run 30 miles a day beside their sleds, eating a diet that was 85% fat, 15% protein, and carbohydrate free? How do you explain an explorer named Stephanson who lived among the Inuit, ate what they ate, and stayed healthier than explorers eating European food? What about the professional cyclists who ate Inuit style? The more they adapted to a high fat, very low carb diet, the more they could exercise just as fast and long as they had when they were eating mostly carbs. Up next, we'll talk with three experts on low-carbohydrate diets and exercise for both the high-performance athlete and for people working to reverse health problems.
http://hoe.kgnu.net/hoeradioshow.php?show_id=184
http://hoe.kgnu.net/hoeradioshow.php?show_id=184
TEDxIowaCity - Dr. Terry Wahls - Minding Your Mitochondria
Dr. Terry Wahls learned how to properly fuel her body. Using the lessons
she learned at the subcellular level, she used diet to cure her MS and get out
of her wheelchair
http://www.youtube.com/watch?feature=player_embedded&v=KLjgBLwH3Wc
Minding My Mitochondria: How I Overcame Secondary Progressive Multiple Sclerosis (MS) and Got Out of My Wheelchair
http://www.amazon.com/Minding-Mitochondria-Secondary-Progressive-Wheelchair/dp/0982175027
she learned at the subcellular level, she used diet to cure her MS and get out
of her wheelchair
http://www.youtube.com/watch?feature=player_embedded&v=KLjgBLwH3Wc
Minding My Mitochondria: How I Overcame Secondary Progressive Multiple Sclerosis (MS) and Got Out of My Wheelchair
http://www.amazon.com/Minding-Mitochondria-Secondary-Progressive-Wheelchair/dp/0982175027
'The Lost Language of Plants'
http://www.youtube.com/watch?v=xFaZE4bzJXM
The Lost Language of Plants: The Ecological Importance of Plant Medicines for Life on Earth
http://www.amazon.com/Lost-Language-Plants-Ecological-Importance/dp/1890132888
2012 - Time for The Change - Consciousness
http://www.youtube.com/watch?v=jZQoKU2SZSs&feature=related
The Lost Language of Plants: The Ecological Importance of Plant Medicines for Life on Earth
http://www.amazon.com/Lost-Language-Plants-Ecological-Importance/dp/1890132888
2012 - Time for The Change - Consciousness
http://www.youtube.com/watch?v=jZQoKU2SZSs&feature=related
Dr. Weston A. Price
Dr. Weston A. Price (1870-1948), a Cleveland dentist, has been called the "Charles Darwin of Nutrition." In his search for the causes of dental decay and physical degeneration that he observed in his dental practice, he turned from test tubes and microscopes to unstudied evidence among human beings. Dr. Price sought the factors responsible for fine teeth among the people who had them--isolated nonindustrialized people.The world became his laboratory. As he traveled, his findings led him to the belief that dental caries and deformed dental arches resulting in crowded, crooked teeth and unattractive appearance were merely a sign of physical degeneration, resulting from what he had suspected--nutritional deficiencies.Price traveled the world over in order to study isolated human groups, including sequestered villages in Switzerland, Gaelic communities in the Outer Hebrides, Eskimos and Indians of North America, Melanesian and Polynesian South Sea Islanders, African tribes, Australian Aborigines, New Zealand Maori and the Indians of South America. Wherever he went, Dr. Price found that beautiful straight teeth, freedom from decay, stalwart bodies, resistance to disease and fine characters were typical of primitives on their traditional diets, rich in essential food factors.Please enjoy what he had to say. You can also read his biography.
http://www.westonaprice.org/about-the-foundation/dr-price-movie
http://www.westonaprice.org/about-the-foundation/dr-price-movie
söndag 11 december 2011
Global currency war escalates over Euro
The Pentagon has undertaken war games on currency and finance as countries jostle for survival and position with the Euro in danger of collapse.Press TV has talked with Max Keiser, financial analyst in Paris about the new economic treaty proposal between Germany and France to rescue the collapsing Euro and the impact this could have on other countries if approved
http://www.youtube.com/watch?v=xo9o6g1-nkM&feature=player_embedded
http://www.youtube.com/watch?v=xo9o6g1-nkM&feature=player_embedded
lördag 10 december 2011
There is a solution
to this financial turbulense mess. And really it's both quite obviouse as it is simple:
1. you write of all bad debt
2. you re-regulate the financial markets.
1. you write of all bad debt
2. you re-regulate the financial markets.
fredag 9 december 2011
onsdag 7 december 2011
It's Your Choice, Europe: Rebel Against the Banks or Accept Debt-Serfdom
The European debt Bubble has burst, and the repricing of risk and debt cannot be put back in the bottle.
It's really this simple, Europe: either rebel against the banks or accept decades of debt-serfdom. All the millions of words published about the European debt crisis can be distilled down a handful of simple dynamics. Once we understand those, then the choice between resistance and debt-serfdom is revealed as the only choice: the rest of the "options" are illusory.
http://www.oftwominds.com/blogdec11/euro-debt-serfdom12-11.html
It's really this simple, Europe: either rebel against the banks or accept decades of debt-serfdom. All the millions of words published about the European debt crisis can be distilled down a handful of simple dynamics. Once we understand those, then the choice between resistance and debt-serfdom is revealed as the only choice: the rest of the "options" are illusory.
http://www.oftwominds.com/blogdec11/euro-debt-serfdom12-11.html
söndag 4 december 2011
lördag 3 december 2011
torsdag 1 december 2011
Dr. David Hawkins Last few minutes of last public lecture!
The last couple of years his health has declined sharply. He had periods of strength and clarity during the days lecture but seemed to fade a bit during the final goodbye. He said at one point " I cannot see or hear but besides that I am fine". He was in a wheelchair at the end of the lecture and did stand at one point and do a little jig and bless everyone that came.
http://www.youtube.com/watch?v=CAyjZlXEC78&feature=related
http://www.youtube.com/watch?v=CAyjZlXEC78&feature=related
måndag 21 november 2011
What price the new democracy? Goldman Sachs conquers Europe
While ordinary people fret about austerity and jobs, the eurozone's corridors of power have been undergoing a remarkable transformation.
http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
fredag 18 november 2011
The Goldman Sachs Network Now Controlling Europe
http://www.youtube.com/watch?v=cpNlnpn0Jvk&feature=player_embedded
Sverige kommer om bara några år att ha ytterligare en folkomröstning om införande av den europiska valutan euron. Det tror den förre statsministern och nuvarande utrikesminister Carl Bildt i en intervju med Dagens Industri. Han ställer sig därmed på samma linje som den förre socialdemokratiske statsministern Göran Persson
http://www.svd.se/naringsliv/folkomrostning-i-sverige-om-euron-inom-nagra-ar_6644568.svd
Erik Åsbrink joins Goldman Sachs as International Advisor
http://www.cisionwire.com/goldman-sachs/r/erik-asbrink-joins-goldman-sachs-as-international-advisor,c9147030
Thermophyle
http://intheendwerealldebt.blogspot.com/2011/07/thermophyle.html
Sverige kommer om bara några år att ha ytterligare en folkomröstning om införande av den europiska valutan euron. Det tror den förre statsministern och nuvarande utrikesminister Carl Bildt i en intervju med Dagens Industri. Han ställer sig därmed på samma linje som den förre socialdemokratiske statsministern Göran Persson
http://www.svd.se/naringsliv/folkomrostning-i-sverige-om-euron-inom-nagra-ar_6644568.svd
Erik Åsbrink joins Goldman Sachs as International Advisor
http://www.cisionwire.com/goldman-sachs/r/erik-asbrink-joins-goldman-sachs-as-international-advisor,c9147030
Thermophyle
http://intheendwerealldebt.blogspot.com/2011/07/thermophyle.html
måndag 14 november 2011
EFSF Denies It Is An Illegal Pyramid Scheme
If there is one thing one can say about the insolvent European continent is that despite everything, it is a bastion of truth, and a knight of see-thru disclosure. After all, who can forget such brutally honest statements as "Greece
will not default", or the follow ups: "Ireland is not Greece", "Portugal is not Ireland", "Spain is not Portugal", "Italy is fine", "Italy has turned down money from the IMF", "The IMF has never offered any money to Italy", and then the old standbys, "the ECB will not be a lender of last resort", "the EFSF will use 4-5x leverage", wait, make that "the
EFSF will use 3-4x leverage", and last but not least, "Europe is not America" and "it is all the fault of evil CDS speculators." Well we have one more to add to the list: "the EFSF is not an illegal ponzi scheme" - because after the mindboggling report in the Telegraph yesterday that the EFSF has bought hundreds of millions of its own bonds,
exposing the scam in the heart of the Eurozone for anyone to see, the European rescuer of last resort (at least until the ECB comes out monetizing and Eurobonds are issued)has no choice but to join in the parade of truths and as Reuters reports "said on Sunday that it did not buy its own bonds last week, denying a British newspaper report that it spent more than 100 million euros ($137 million) to cover a shortfall of demand.
"The EFSF did not buy its own bonds and the book was 3 billion euros," an EFSF spokesman said, referring to the 3 billion euros raised in last Monday's 10-year bond issue." We are certain that in order to dispel rumors about its fraud-i-ness, the EFSF will promptly submit a full breakdown of the entities that received bond allocations (we know that Japan is good for €300 million, that China is good for €0.0, and that as Merkel said one week ago, "hardly any countries in G20 have said they will participate in the EFSF." So, because we believe everything that comes out of Europe, we are patiently waiting to see just who it was that bought EFSF bonds when nobody else did. And yet what is most troubling to us, is that it took the world 5 minutes to completely agree that the EFSF is a ponzi scheme, with nobody doubting this supposedly "refuted" disclosure for even a second. Perhaps that tells you more about the current state of Europe than anything else...
http://www.zerohedge.com/news/efsf-denies-it-illegal-pyramid-scheme
Then isen't it great the people in Greece now are celebrating the fact they have gotten as a replacement for Papandreou a "non-Politician". And I who always thought we where fighting e.g. in Libya in order to get democracy implemented. You know in democracy you elect politicians of your preferences in free elections and then the politicians implement the will of the people. Or at least that's the idea?
Now in the very cradle of democracy Greece the people apparenly are not very much in favour any longer of democracy. So what then do they prefer - well isen'tr it amazin - a non elected politician, a central banker who not ony is a former European Central Banker but also very much indeed was involved in getting Greece in to the Euro.
Ex Central Banker to Succeed Papandreou in Greece - Report
http://www.novinite.com/view_news.php?id=133723
Most amazing however is the fact this is not an idea dreamed up by a "conspiracy theorist" but in fact what is now happening in reality in Greece. So let's replace all politicians now all over the world with Central bankers seems whats in the cards for the future in Europe. I mean yes we're fighting for "democracy" in thirld world countries and in the middle east but for us sure it's a thing of the past..
will not default", or the follow ups: "Ireland is not Greece", "Portugal is not Ireland", "Spain is not Portugal", "Italy is fine", "Italy has turned down money from the IMF", "The IMF has never offered any money to Italy", and then the old standbys, "the ECB will not be a lender of last resort", "the EFSF will use 4-5x leverage", wait, make that "the
EFSF will use 3-4x leverage", and last but not least, "Europe is not America" and "it is all the fault of evil CDS speculators." Well we have one more to add to the list: "the EFSF is not an illegal ponzi scheme" - because after the mindboggling report in the Telegraph yesterday that the EFSF has bought hundreds of millions of its own bonds,
exposing the scam in the heart of the Eurozone for anyone to see, the European rescuer of last resort (at least until the ECB comes out monetizing and Eurobonds are issued)has no choice but to join in the parade of truths and as Reuters reports "said on Sunday that it did not buy its own bonds last week, denying a British newspaper report that it spent more than 100 million euros ($137 million) to cover a shortfall of demand.
"The EFSF did not buy its own bonds and the book was 3 billion euros," an EFSF spokesman said, referring to the 3 billion euros raised in last Monday's 10-year bond issue." We are certain that in order to dispel rumors about its fraud-i-ness, the EFSF will promptly submit a full breakdown of the entities that received bond allocations (we know that Japan is good for €300 million, that China is good for €0.0, and that as Merkel said one week ago, "hardly any countries in G20 have said they will participate in the EFSF." So, because we believe everything that comes out of Europe, we are patiently waiting to see just who it was that bought EFSF bonds when nobody else did. And yet what is most troubling to us, is that it took the world 5 minutes to completely agree that the EFSF is a ponzi scheme, with nobody doubting this supposedly "refuted" disclosure for even a second. Perhaps that tells you more about the current state of Europe than anything else...
http://www.zerohedge.com/news/efsf-denies-it-illegal-pyramid-scheme
Then isen't it great the people in Greece now are celebrating the fact they have gotten as a replacement for Papandreou a "non-Politician". And I who always thought we where fighting e.g. in Libya in order to get democracy implemented. You know in democracy you elect politicians of your preferences in free elections and then the politicians implement the will of the people. Or at least that's the idea?
Now in the very cradle of democracy Greece the people apparenly are not very much in favour any longer of democracy. So what then do they prefer - well isen'tr it amazin - a non elected politician, a central banker who not ony is a former European Central Banker but also very much indeed was involved in getting Greece in to the Euro.
Ex Central Banker to Succeed Papandreou in Greece - Report
http://www.novinite.com/view_news.php?id=133723
Most amazing however is the fact this is not an idea dreamed up by a "conspiracy theorist" but in fact what is now happening in reality in Greece. So let's replace all politicians now all over the world with Central bankers seems whats in the cards for the future in Europe. I mean yes we're fighting for "democracy" in thirld world countries and in the middle east but for us sure it's a thing of the past..
onsdag 9 november 2011
HSBC says may leave UK, warns on global slowdown
LONDON (Reuters) - HSBC (LSE:HSBA.L) gave its starkest warning to date that new regulations might force it to leave Britain and warned that problems in Europe had hurt growth elsewhere and created a "very
challenging" global economy.
Europe's biggest bank reported a 36 percent fall in third quarter profits as the euro zone debt crisis hit investment bank income and bad debts jumped almost $1 billion in the United States as homeowners topped paying their mortgages.
HSBC (HKSE:0005.HK) Chief Executive Stuart Gulliver aims to cut annual costs by $3.5 billion and sharpen the bank's focus on Asia, quitting countries where the bank lacks scale in an attempt to revive profitability.
The bank was turning a corner on costs and making progress on the turnaround plan, but it would be a long haul and external headwinds were building, he said.
"The outlook for the global economy is very challenging as problems in developed markets begin to affect growth rates around the world," Gulliver said.
Losses on bad debts swelled to $3.9 billion in the third quarter, up $1 billion from the previous quarter, as U.S. impairments jumped by 64 percent to $2.4 billion, which the bank blamed on a moratorium on mortgage foreclosures.
"We're seeing the effects of moral hazard, where even seriously delinquent customers simply cannot be foreclosed on by banks operating in the United States," Finance Director Iain Mackay told journalists on a conference call.
HSBC has so far said it will sell or retreat from 14 countries. They include the sale of its U.S. credit card business and branches in New York state, retail businesses in Russia, Poland and Chile, and its Canadian brokerage business. It is exiting Poland and Georgia.
It has also put its $1 billion general insurance business on the block.
http://beta.finance.yahoo.com/news/hsbc-says-outlook-very-challenging-090926041.html
challenging" global economy.
Europe's biggest bank reported a 36 percent fall in third quarter profits as the euro zone debt crisis hit investment bank income and bad debts jumped almost $1 billion in the United States as homeowners topped paying their mortgages.
HSBC (HKSE:0005.HK) Chief Executive Stuart Gulliver aims to cut annual costs by $3.5 billion and sharpen the bank's focus on Asia, quitting countries where the bank lacks scale in an attempt to revive profitability.
The bank was turning a corner on costs and making progress on the turnaround plan, but it would be a long haul and external headwinds were building, he said.
"The outlook for the global economy is very challenging as problems in developed markets begin to affect growth rates around the world," Gulliver said.
Losses on bad debts swelled to $3.9 billion in the third quarter, up $1 billion from the previous quarter, as U.S. impairments jumped by 64 percent to $2.4 billion, which the bank blamed on a moratorium on mortgage foreclosures.
"We're seeing the effects of moral hazard, where even seriously delinquent customers simply cannot be foreclosed on by banks operating in the United States," Finance Director Iain Mackay told journalists on a conference call.
HSBC has so far said it will sell or retreat from 14 countries. They include the sale of its U.S. credit card business and branches in New York state, retail businesses in Russia, Poland and Chile, and its Canadian brokerage business. It is exiting Poland and Georgia.
It has also put its $1 billion general insurance business on the block.
http://beta.finance.yahoo.com/news/hsbc-says-outlook-very-challenging-090926041.html
tisdag 8 november 2011
söndag 6 november 2011
lördag 5 november 2011
Det Lackar mot Jul
Det börjar nu att lacka mot Jul och därför nu hög tid att börja fundera ut lämpliga julklappar till nära och kära. Här kommer mina varmaste rekommendationer:
Lars Wilsson - Välfärdens ohälsa
http://www.larswilsson.se/bocker.htm
Istället för doping - Bygg en stark och lätt kropp med rätt kost och hormon
Ni känner väl till att den otippade Skidskytte guldmedaljören från Vancouver, Björn Ferry började med LCHF i månadsskiftet juli/augusti (2009) efter att ha läst Frank Nilssons bok "Istället för doping!" flera gånger.
http://www.adlibris.com/se/product.aspx?isbn=9172411759
Kanske är det tom så att den av svenska skidåkare under Innsbruck 1964 introducerade metoden att kolhydratsladda reducerar uthållighet och försämrar hälsan.
Förvånansvärt många ex av dessa elit idrottare drabbades av tämligen akuta hjärt och kärlproblem på äldre dagar. Äkta paret och skidlegenderna Assar Rönnlund och hans fru Toini Gustafsson Rönnlund ex.
Assar Rönnlund, legendarisk skidåkare, har hjärtopererats två gånger. Hur en vältränad person som han kunde drabbas av allvarliga hjärtproblem är en olöst gåta för forskarna. Tvärtemot vad många tror kan den som minst anar det få en hjärtinfarkt.
http://www.hjart-lungfonden.se/HLF/Pressrum/Pressmeddelanden/Assars-hjartsjukdom-en-gata/
Sedan detta med styrka och muskler tål att tänka på. Kolla in denne unge man som endast väger 82,5 kilo och som inte har särdeles utpräglat med muskler (han ser inte ut som en tradionell styrkelyftare och definitivt inte som en muskelbyggare) men som klarar att lyfta över 340 kilo i marklyft. Han är helt enkelt synnerlighen råstark utan muskler. Så en optimal kropp är så konstruerad att den har maximal styrka men inte överdrivet utan bara en nödvändig mängd muskler.
http://www.youtube.com/watch?v=-fxJbjFHrgE
Hur tränar man då bäst upp och funktionellt bra kropp. Enlast är att jämföra det sätt som bönder levde och verkade på tidigare århundraden. Bönder blev generellt sett synnerligen råstarka av alla de olika fysiska sysslor de gjorde på en gård. Att dagar i ända lyfta ned 100 kilos säckar från flak för att sedan bära upp dessa i trappor och in i lagringsmagasin var ett sätt att bygga upp enorm styrka, ett annat att lyfta mjölkkärl etc.
För att simulera dessa moment kan man idag träna mha sk "undergroundträning" i Fredrik Nordströms regi:
http://www.youtube.com/watch?v=pKsmfu6mObI
Ytterligare en variant är att köra en anpassas variant av brottningsövningar kallad "Brottarfys". Det är helt enkelt mängder av kroppsegna samt olika slags par övningar. Efter 20 stycken pass om vardera 1 1/2 timme vardera med brottarfys går din kropp inte längre att känna igen. Så slut som man blir efter ett sådant pass och så mycket träning man får under dessa 1 1/2 timmar blir man inte under två veckors sammanlagd hockey träning.
Det man definitivt bör undvika är statisk träning i maskiner på gym. Nyckeln ligger i att träna upp alla de mängder av små muskler som vår kropp är uppbyggd av och inte de fåtalet större musklerna som annars är de som i statisk träning prioroteras. Dvs om du inte har målet att bara bygga upp muskler för syns skull. Kom då i så fall ihåg att muskler förutom att inte garantera styrka sedan även kräver underhåll och "drar" mängder av energi för att hållas i schack. Om målet är att ha maximal styrka och bästa tänkbara förutsättbningar för att sedan bibehålla och underhålla detta så är det funktionell tränining med priorotet av dina små muskler som du måste satsa på.
Målet är att bygga en maximalt stark och hård kropp med maxat immunförsvar och dessutom utpräglat smidig. Stark som en tyngdlyftare, smidig som en gymnast, koordinerad och i balans som en balletdansös - ja alla dessa egenskaper får du mha av sk brottarfys.
Genom att istället för statisk träning träna funktionellt och utföra övningarna i situationer där man befinner sig i obalans, på ett ben,stående på en balansbräda när någon försöker att få omkull dig, knuffar dig etc så utvecklar man inte bara sin balans och koordination utan även sin styrka på ett överlägset sett. Lägg sedan till detta en välbalanserad näringstät istället för energi tät kost och du bygger en en hård funktionell kropp med bästa tänkbara immunförsvar och tollerans mot både skador och sjukdomar.
En bra gåva att ge till sina barn..?
För att förstå detta begrepp näringstät föreslår jag att du kollar in följande diagram och studerar vad du får i dig när du äter ex frukt respektive ett ägg, lever eller makrill.
http://www.kostdoktorn.se/wp-content/2008/01/vitamin-frukt-agg-lever-makrill5000d2.jpg
Lars Wilsson - Välfärdens ohälsa
http://www.larswilsson.se/bocker.htm
Istället för doping - Bygg en stark och lätt kropp med rätt kost och hormon
Ni känner väl till att den otippade Skidskytte guldmedaljören från Vancouver, Björn Ferry började med LCHF i månadsskiftet juli/augusti (2009) efter att ha läst Frank Nilssons bok "Istället för doping!" flera gånger.
http://www.adlibris.com/se/product.aspx?isbn=9172411759
Kanske är det tom så att den av svenska skidåkare under Innsbruck 1964 introducerade metoden att kolhydratsladda reducerar uthållighet och försämrar hälsan.
Förvånansvärt många ex av dessa elit idrottare drabbades av tämligen akuta hjärt och kärlproblem på äldre dagar. Äkta paret och skidlegenderna Assar Rönnlund och hans fru Toini Gustafsson Rönnlund ex.
Assar Rönnlund, legendarisk skidåkare, har hjärtopererats två gånger. Hur en vältränad person som han kunde drabbas av allvarliga hjärtproblem är en olöst gåta för forskarna. Tvärtemot vad många tror kan den som minst anar det få en hjärtinfarkt.
http://www.hjart-lungfonden.se/HLF/Pressrum/Pressmeddelanden/Assars-hjartsjukdom-en-gata/
Sedan detta med styrka och muskler tål att tänka på. Kolla in denne unge man som endast väger 82,5 kilo och som inte har särdeles utpräglat med muskler (han ser inte ut som en tradionell styrkelyftare och definitivt inte som en muskelbyggare) men som klarar att lyfta över 340 kilo i marklyft. Han är helt enkelt synnerlighen råstark utan muskler. Så en optimal kropp är så konstruerad att den har maximal styrka men inte överdrivet utan bara en nödvändig mängd muskler.
http://www.youtube.com/watch?v=-fxJbjFHrgE
Hur tränar man då bäst upp och funktionellt bra kropp. Enlast är att jämföra det sätt som bönder levde och verkade på tidigare århundraden. Bönder blev generellt sett synnerligen råstarka av alla de olika fysiska sysslor de gjorde på en gård. Att dagar i ända lyfta ned 100 kilos säckar från flak för att sedan bära upp dessa i trappor och in i lagringsmagasin var ett sätt att bygga upp enorm styrka, ett annat att lyfta mjölkkärl etc.
För att simulera dessa moment kan man idag träna mha sk "undergroundträning" i Fredrik Nordströms regi:
http://www.youtube.com/watch?v=pKsmfu6mObI
Ytterligare en variant är att köra en anpassas variant av brottningsövningar kallad "Brottarfys". Det är helt enkelt mängder av kroppsegna samt olika slags par övningar. Efter 20 stycken pass om vardera 1 1/2 timme vardera med brottarfys går din kropp inte längre att känna igen. Så slut som man blir efter ett sådant pass och så mycket träning man får under dessa 1 1/2 timmar blir man inte under två veckors sammanlagd hockey träning.
Det man definitivt bör undvika är statisk träning i maskiner på gym. Nyckeln ligger i att träna upp alla de mängder av små muskler som vår kropp är uppbyggd av och inte de fåtalet större musklerna som annars är de som i statisk träning prioroteras. Dvs om du inte har målet att bara bygga upp muskler för syns skull. Kom då i så fall ihåg att muskler förutom att inte garantera styrka sedan även kräver underhåll och "drar" mängder av energi för att hållas i schack. Om målet är att ha maximal styrka och bästa tänkbara förutsättbningar för att sedan bibehålla och underhålla detta så är det funktionell tränining med priorotet av dina små muskler som du måste satsa på.
Målet är att bygga en maximalt stark och hård kropp med maxat immunförsvar och dessutom utpräglat smidig. Stark som en tyngdlyftare, smidig som en gymnast, koordinerad och i balans som en balletdansös - ja alla dessa egenskaper får du mha av sk brottarfys.
Genom att istället för statisk träning träna funktionellt och utföra övningarna i situationer där man befinner sig i obalans, på ett ben,stående på en balansbräda när någon försöker att få omkull dig, knuffar dig etc så utvecklar man inte bara sin balans och koordination utan även sin styrka på ett överlägset sett. Lägg sedan till detta en välbalanserad näringstät istället för energi tät kost och du bygger en en hård funktionell kropp med bästa tänkbara immunförsvar och tollerans mot både skador och sjukdomar.
En bra gåva att ge till sina barn..?
För att förstå detta begrepp näringstät föreslår jag att du kollar in följande diagram och studerar vad du får i dig när du äter ex frukt respektive ett ägg, lever eller makrill.
http://www.kostdoktorn.se/wp-content/2008/01/vitamin-frukt-agg-lever-makrill5000d2.jpg
Drums of War
We are hearing drums of war against Iran once again coming from the US, the UK and Israel.
This could be the start of something much more serious that goes beyond Iran.
http://www.youtube.com/watch?v=raocozNlfTA
Paul Craig Roberts : Obama is more of a war monger than Bush and Cheney the united states is the new war creators they will be the reason the world becomes a warzone. and when it does no one will escape except for the white house staff and the corporate elite. its a damn shame that every president of the united states has a desire for more power. but hey we know what they want because every man with power wants nothing but more power. and thats what they plan to do over the years. Massive depopulation of the most populated places.Obama executes the plan according to the needs of his masters. Who these are? Those that control money, media, military industry.Obama is not in charge. Rothschild, Rockefeller, Kissinger, Bush senior is. That's why no matter who gets in the same criminal plot occurs.
http://www.youtube.com/watch?v=7f2mem3J61M&feature=player_embedded
This article in London’s Daily Mail gives us an inkling of what might be cooking…
http://www.dailymail.co.uk/news/article-2056873/Iran-attack-drawn-UK-US-Middle-East-tensions-rise.html#ixzz1ceDdeLex
And then as as side note - there is no better way to clear off bad debt and to get the economy going than to start a war. Needless to say and as it happens - all involved pushing for war are heavely in debt and have economies with, well to say it the least, not to bright of an outlook. Restart anyone..?
CELENTE: BANKSTER TYRANTS Setting Up THEIR NEXT WAR
http://www.youtube.com/watch?v=9rGSovnRUio
Germany who is not supposed to send its troops anywhere in the world according to their post 1945 constitution is now having 5000 troops in Afghanistan and nobody ever noted anything says Gerald Celente this is the beginning of the Great war , the war that is going on now in Pakistan is the one we are concerned about the most says Gerald Celente , that anti Americanism that i spreading over there , Obama has sent triple of the amount of predator missiles into Pakistan than Bush has , so we are very concerned about that area and of course the elephant in the room is Iran...
http://www.youtube.com/watch?v=9Rqr2zdeMMM&feature=player_embedded#!
Gerald Celente: Bankers Addicted To Money Like Addicts hooked Heroin
http://www.youtube.com/watch?v=9fXbUZU-5mc
This could be the start of something much more serious that goes beyond Iran.
http://www.youtube.com/watch?v=raocozNlfTA
Paul Craig Roberts : Obama is more of a war monger than Bush and Cheney the united states is the new war creators they will be the reason the world becomes a warzone. and when it does no one will escape except for the white house staff and the corporate elite. its a damn shame that every president of the united states has a desire for more power. but hey we know what they want because every man with power wants nothing but more power. and thats what they plan to do over the years. Massive depopulation of the most populated places.Obama executes the plan according to the needs of his masters. Who these are? Those that control money, media, military industry.Obama is not in charge. Rothschild, Rockefeller, Kissinger, Bush senior is. That's why no matter who gets in the same criminal plot occurs.
http://www.youtube.com/watch?v=7f2mem3J61M&feature=player_embedded
This article in London’s Daily Mail gives us an inkling of what might be cooking…
http://www.dailymail.co.uk/news/article-2056873/Iran-attack-drawn-UK-US-Middle-East-tensions-rise.html#ixzz1ceDdeLex
And then as as side note - there is no better way to clear off bad debt and to get the economy going than to start a war. Needless to say and as it happens - all involved pushing for war are heavely in debt and have economies with, well to say it the least, not to bright of an outlook. Restart anyone..?
CELENTE: BANKSTER TYRANTS Setting Up THEIR NEXT WAR
http://www.youtube.com/watch?v=9rGSovnRUio
Germany who is not supposed to send its troops anywhere in the world according to their post 1945 constitution is now having 5000 troops in Afghanistan and nobody ever noted anything says Gerald Celente this is the beginning of the Great war , the war that is going on now in Pakistan is the one we are concerned about the most says Gerald Celente , that anti Americanism that i spreading over there , Obama has sent triple of the amount of predator missiles into Pakistan than Bush has , so we are very concerned about that area and of course the elephant in the room is Iran...
http://www.youtube.com/watch?v=9Rqr2zdeMMM&feature=player_embedded#!
Gerald Celente: Bankers Addicted To Money Like Addicts hooked Heroin
http://www.youtube.com/watch?v=9fXbUZU-5mc
fredag 4 november 2011
lördag 29 oktober 2011
fredag 28 oktober 2011
torsdag 27 oktober 2011
Varför syns bara bank företrädare i pressen?
”Euroländernas nya krisuppgörelse innebär att systemviktiga banker måste öka kapitaltäckningen till 9 procent. SEB:s Annika Falkengren varnar för kredittorka och i värsta fall att europeiska banker måste förstatligas. "Det är ingen som vill se den utvecklingen”, säger hon till di.se.”
Jaha problemet är bara att injiceringar av nytt kapital från skattebetalarna till bankerna inte heller resulterar i okad likviditet. Det är nämligen så enkelt att bankerna inte sitter med ett likviditets problem utan en solvensproblematik.
Så en bank som är insolvent och bara hålls uppe via kreativ bokföring ex genom att man genom ändrade bokföringsdirektiv ändrat kravet på att bokföra tillgångar till marknadsvärdet utan istället till ett fiktivt, articifiellt framräknat sk ”booked value” skenbart kan driva bankernas verksamhet vidare.
De likviditets injiceringar som bankerna i ett sådant läge får behåller de för att på bästa sätt försöka reparera sina balansräkningar. Pengarna snattar hos bankerna och för inte ut i den reala ekonomin.
Istället måste bankerna i något skede skriva ned sina tillgångar och många banker kommer i den processen att visa sig vara det många redan vet – insolventa, dvs deras skyldigheter överstiger deras tillgångar. Därav nu myndigheternas krav på ökad kapital teckning då man vet att det nu bara handlar om när detta kommer att tvingas ske – inte om.
Man har nu försökt med en metod som i princip innebär att man helt ödelägger de länders ekonomier som utsatts för bankernas vettlösa och fullständigt inkompetenta utlåning. Helt ensidigt har man ålagt låntagarna att ta smällen. Men den går bara till en viss grad och resultatet nu för ex Grekland är att man sitter på större skulder än när krisen startade.
Att det finns pengar visar inte minst det faktum att miljarders av dollar pumpats ut från centralbanker, inte till den reala ekonomin utan till bankerna. Stort misstag.
Tänk om man istället för att hållit dessa insolventa banker uppe mha av articifiell andning kringgått dessa för att istället direkt ha pumpat ut pengarna till infrastruktur projekt, utbildningsväsendet och sjukvården Som bekant är en ekonomis största tillgång modern infrastruktur och välutbildade, friska och hälsosamma medborgare. Medborgare dessutom som om de är skuldfria och har pengar kan konsumera och driva en ekonomi.Så länge skulderna inte skrivs av så kan bankerna räddas i alla fall temporärt men så länge konsumenter och länder tvingas att dra på vettlöst stora skulder så kommer ekonomin att tvingas ned i ett allt mörkare hål utan slut eller ljusning.
Vad vill bankerna med Falkengren i spetsen göra` - jo det omvända. Mer stöd till bankerna och en total nedmontering av skola, vård omsorg samtidigt som det som finns kvar av infrastruktur säljs till privata oligark intressen.
Det börjar bli uppenbart nu för alla utom det vi kan kalla etablissemanget hur enorm destruktivt våra banker idag fungerar och hur nödvändigt det är att vi nu reformerar vårt monetära system. Frågan är bara när vi kommer att kunna ta del av det nu alla vet från företrädare även i massmedia och nyhetsmorgon sofforna och när SEB bankens chefekonom och hans likar inte längre är välkommen med sin ensidiga och vinklade lobbyist propaganda.
$600 Trillion Derivatives Bubble Set to Burst?
http://fellowshipofminds.wordpress.com/2010/04/23/600-trillion-derivatives-bubble-set-to-burst/
Jaha problemet är bara att injiceringar av nytt kapital från skattebetalarna till bankerna inte heller resulterar i okad likviditet. Det är nämligen så enkelt att bankerna inte sitter med ett likviditets problem utan en solvensproblematik.
Så en bank som är insolvent och bara hålls uppe via kreativ bokföring ex genom att man genom ändrade bokföringsdirektiv ändrat kravet på att bokföra tillgångar till marknadsvärdet utan istället till ett fiktivt, articifiellt framräknat sk ”booked value” skenbart kan driva bankernas verksamhet vidare.
De likviditets injiceringar som bankerna i ett sådant läge får behåller de för att på bästa sätt försöka reparera sina balansräkningar. Pengarna snattar hos bankerna och för inte ut i den reala ekonomin.
Istället måste bankerna i något skede skriva ned sina tillgångar och många banker kommer i den processen att visa sig vara det många redan vet – insolventa, dvs deras skyldigheter överstiger deras tillgångar. Därav nu myndigheternas krav på ökad kapital teckning då man vet att det nu bara handlar om när detta kommer att tvingas ske – inte om.
Man har nu försökt med en metod som i princip innebär att man helt ödelägger de länders ekonomier som utsatts för bankernas vettlösa och fullständigt inkompetenta utlåning. Helt ensidigt har man ålagt låntagarna att ta smällen. Men den går bara till en viss grad och resultatet nu för ex Grekland är att man sitter på större skulder än när krisen startade.
Att det finns pengar visar inte minst det faktum att miljarders av dollar pumpats ut från centralbanker, inte till den reala ekonomin utan till bankerna. Stort misstag.
Tänk om man istället för att hållit dessa insolventa banker uppe mha av articifiell andning kringgått dessa för att istället direkt ha pumpat ut pengarna till infrastruktur projekt, utbildningsväsendet och sjukvården Som bekant är en ekonomis största tillgång modern infrastruktur och välutbildade, friska och hälsosamma medborgare. Medborgare dessutom som om de är skuldfria och har pengar kan konsumera och driva en ekonomi.Så länge skulderna inte skrivs av så kan bankerna räddas i alla fall temporärt men så länge konsumenter och länder tvingas att dra på vettlöst stora skulder så kommer ekonomin att tvingas ned i ett allt mörkare hål utan slut eller ljusning.
Vad vill bankerna med Falkengren i spetsen göra` - jo det omvända. Mer stöd till bankerna och en total nedmontering av skola, vård omsorg samtidigt som det som finns kvar av infrastruktur säljs till privata oligark intressen.
Det börjar bli uppenbart nu för alla utom det vi kan kalla etablissemanget hur enorm destruktivt våra banker idag fungerar och hur nödvändigt det är att vi nu reformerar vårt monetära system. Frågan är bara när vi kommer att kunna ta del av det nu alla vet från företrädare även i massmedia och nyhetsmorgon sofforna och när SEB bankens chefekonom och hans likar inte längre är välkommen med sin ensidiga och vinklade lobbyist propaganda.
$600 Trillion Derivatives Bubble Set to Burst?
http://fellowshipofminds.wordpress.com/2010/04/23/600-trillion-derivatives-bubble-set-to-burst/
onsdag 26 oktober 2011
Iceland's Recovery: Can the Lessons Be Applied Elsewhere?
As the first country to experience the full force of the global economic crisis, Iceland is now held up as an example by some of how to overcome deep economic dislocation without undoing the social fabric.
http://www.imf.org/external/pubs/ft/survey/so/2011/SurveyartF.htm
http://www.imf.org/external/pubs/ft/survey/so/2011/SurveyartF.htm
tisdag 25 oktober 2011
Who should at the end of the day pay the bill?
As a country finds itself unable to cope with a debt burden and in order then to get its house in order there are basically only these four options awailable:
- Austerity. The debt burdened country lets its citicens take the hit. Resulting in all important assets in the country e.g. electricity company, infrastructure etc transfered to private interest whilst at the same time reducing the standard of living for all taxpayer as a combination of increased taxes and reduced services gets the economy in a down ward preassing vortex of missery and negative GDP growth. By the way this is a great way to get real worth to a dead cheap price as deregulation and sell of of public assets is the main way to finance the debt.
- The debt is written off and the banks lending out the money takes the hit. As a result the banks worth might be significantely reduced and in some cases may not be able to survive without the injection of tax payers money. Then either of two options are availlable: let the bank go under or nationalise the bank thus the private owners of the baks takes the hit. Thus far no bank has had to take any losses. If fact new accounting measures has been implemented since 2008 allowing the banks to book assets in their books not at market value but at a fictisiouse "booked" value - thus hiding the real losses.
- The bond holders (primarely large banks) takes the loss
- the tax payers in the country bailing out another debt burdened country takes the hit. Resulting in hiked taxes and reduced standard of living in that country. The implementation of EFSF (by the way via un parlamentaric means) is a way to try politically manouver so that this may be possible what othervice taxpayers 100% are opposing).
In this assymetric world of risks where not only all the pain so far has been taken by a combination of austerity and financial "aid" from other counties taxpayers and where banks are allowed to not only not take the hit but are protected via manipulative and fictisiouse new accounting rules one can but wander how ANYBODY in their right mind can argue how not special economic interest rules the world and sets the agenda.
The end result so far - ALL whats worth anything is now transfered to private hands and all that the taxpayers are left with, in debt burdened as well as initially not debt burdened countries, are the losses and reduction of services and standard of living.
What instead is needed is austerity for the financial sector. Off with their heads.
Geopolitical Update - The Impact on Investments April 2011
http://www.youtube.com/watch?v=_6-5y8D34mM&feature=related
- Austerity. The debt burdened country lets its citicens take the hit. Resulting in all important assets in the country e.g. electricity company, infrastructure etc transfered to private interest whilst at the same time reducing the standard of living for all taxpayer as a combination of increased taxes and reduced services gets the economy in a down ward preassing vortex of missery and negative GDP growth. By the way this is a great way to get real worth to a dead cheap price as deregulation and sell of of public assets is the main way to finance the debt.
- The debt is written off and the banks lending out the money takes the hit. As a result the banks worth might be significantely reduced and in some cases may not be able to survive without the injection of tax payers money. Then either of two options are availlable: let the bank go under or nationalise the bank thus the private owners of the baks takes the hit. Thus far no bank has had to take any losses. If fact new accounting measures has been implemented since 2008 allowing the banks to book assets in their books not at market value but at a fictisiouse "booked" value - thus hiding the real losses.
- The bond holders (primarely large banks) takes the loss
- the tax payers in the country bailing out another debt burdened country takes the hit. Resulting in hiked taxes and reduced standard of living in that country. The implementation of EFSF (by the way via un parlamentaric means) is a way to try politically manouver so that this may be possible what othervice taxpayers 100% are opposing).
In this assymetric world of risks where not only all the pain so far has been taken by a combination of austerity and financial "aid" from other counties taxpayers and where banks are allowed to not only not take the hit but are protected via manipulative and fictisiouse new accounting rules one can but wander how ANYBODY in their right mind can argue how not special economic interest rules the world and sets the agenda.
The end result so far - ALL whats worth anything is now transfered to private hands and all that the taxpayers are left with, in debt burdened as well as initially not debt burdened countries, are the losses and reduction of services and standard of living.
What instead is needed is austerity for the financial sector. Off with their heads.
Geopolitical Update - The Impact on Investments April 2011
http://www.youtube.com/watch?v=_6-5y8D34mM&feature=related
Steve Jobs overrated? Richad Stallman definately underrated.
MAX KEISER ON STEVE JOBS OCT 7 11
http://www.youtube.com/watch?v=7nBnXWCObiI&feature=player_embedded#!
Richard Stallman
http://sv.wikipedia.org/wiki/Richard_Stallman
http://www.youtube.com/watch?v=7nBnXWCObiI&feature=player_embedded#!
Richard Stallman
http://sv.wikipedia.org/wiki/Richard_Stallman
måndag 24 oktober 2011
“If the banks won’t share their profits, then why are we being asked to share in their losses?’
This women gave a motivational speech today regarding Ireland's banking crisis. This women for president !
http://freemanireland.ning.com/video/woman-speaks-planily-about-irish-banking-at-occupy-dame-street-22
http://freemanireland.ning.com/video/woman-speaks-planily-about-irish-banking-at-occupy-dame-street-22
Pending Global Mind Control Event
George talks about a pending mind control program that he sees coming in the near future. He provides several scenarios that may be used and suggests that the specific program itself is not important. What is important, is that even though it may not seem related, any program they use will loop back into the No. 1 one mind control program already on the planet, namely religion. This global mind control program will make 9/11 look like a baby and is designed to shut down our growing awareness and force humanity into a much deeper trance.
http://www.youtube.com/watch?v=cFFtg3T-Vn0&feature=player_embedded#!
George Kavassilas on the false messiah and breaking through boundaries
http://www.youtube.com/watch?v=7RM8L6a4P80&feature=related
http://www.youtube.com/watch?v=cFFtg3T-Vn0&feature=player_embedded#!
George Kavassilas on the false messiah and breaking through boundaries
http://www.youtube.com/watch?v=7RM8L6a4P80&feature=related
fredag 21 oktober 2011
High-class terrorists running US, UK and France
Dear Friends,
Here is an interview I made today on RT – Russia Today – on the capture and murder of Libyan leader Cnl Muamar Ghaddafi by rebel terrorist groups with the full support of NATO, notably France, the UK and the US. Clearly a blatant example of top level terrorism in London, Paris and Washington.
Here’s the link: http://rt.com/news/europe-usa-libya-gaddafi-425/
Here’s an excerpt from RT’s website:
‘High-class terrorists running US, UK and France’ - published: 21 October, 2011, 18:16
As some European leaders demonstrate a celebratory mood over the violent death of Colonel Gaddafi, they are no less terrorists themselves, claims international consultant and author Adrian Salbuchi.
Salbuchi said Gaddafi’s death was undoubtedly a message for the whole world, as it is not just about Libya.
“We are seeing how Hillary Clinton, US Secretary of State expressed it very clearly: ‘We came, we saw, he died,’ and then started laughing. This is a message to the world of how this new world order model actually works,” he stated.“When they decide to change the regime, they do so with the utmost violence, and it is a whole model. First they target a country by calling it a rogue state; then they support local terrorists and call them freedom fighters; then they bring death and destruction upon civilians and they call it UN sanctions. Then they spread lies and call it the International Community’s opinion expressed by the Western media. Then they invade and control the country and call it liberation and finally they steal appetizing oil and call it foreign investment and reconstruction,” Salbuchi explained.
At the moment Western powers are hailing a democratic future for Libya. When Saddam Hussein was captured in 2003 the US also thought it was all over – but it had only just begun. And according to Salbuchi, it is going to be the same, or even worse, for Libya.
“I think one of the reasons why Gaddafi’s country has been invaded and he has been killed is because he had plans to introduce the gold dinar as a golden currency that could very easily have become a major currency at least in North Africa and in the oil market,” he said. “Don’t forget Libya has the ninth-largest oil reserve in the world and the main oil reserve in all of Africa, so I think this definitely smells of oil and greed on the part of Western companies. They are just using this to justify they have supported the worst terrorists probably because in the White House and Palais de l'Élysée in France, and at 10 Downing Street, we also have very high-class terrorists and mafias running those countries and the better part of the world,” he pointed out.
He added the US, France, Britain and NATO should be held accountable for the sectarian violence, should it take place in Libya.
“In any country, Libya included, there is always about a half of the population that is against the ongoing government. Should we also be invading Greece because of the way they are handling their own internal divisions?” he posited.
A rebel-assisted victory in Libya will not mark the end of NATO's interest in the country, Salbuchi emphasized.
“This is just the beginning and part of global regime change. This means orange alert for Venezuela, Bolivia and Ecuador and definitely red alert for Syria and Iran. This is the kind of democracy US, France and Britain want for the whole world,” he concluded.
NATO and the US in particular are interested in a long-term intervention in the North African country.
Here is an interview I made today on RT – Russia Today – on the capture and murder of Libyan leader Cnl Muamar Ghaddafi by rebel terrorist groups with the full support of NATO, notably France, the UK and the US. Clearly a blatant example of top level terrorism in London, Paris and Washington.
Here’s the link: http://rt.com/news/europe-usa-libya-gaddafi-425/
Here’s an excerpt from RT’s website:
‘High-class terrorists running US, UK and France’ - published: 21 October, 2011, 18:16
As some European leaders demonstrate a celebratory mood over the violent death of Colonel Gaddafi, they are no less terrorists themselves, claims international consultant and author Adrian Salbuchi.
Salbuchi said Gaddafi’s death was undoubtedly a message for the whole world, as it is not just about Libya.
“We are seeing how Hillary Clinton, US Secretary of State expressed it very clearly: ‘We came, we saw, he died,’ and then started laughing. This is a message to the world of how this new world order model actually works,” he stated.“When they decide to change the regime, they do so with the utmost violence, and it is a whole model. First they target a country by calling it a rogue state; then they support local terrorists and call them freedom fighters; then they bring death and destruction upon civilians and they call it UN sanctions. Then they spread lies and call it the International Community’s opinion expressed by the Western media. Then they invade and control the country and call it liberation and finally they steal appetizing oil and call it foreign investment and reconstruction,” Salbuchi explained.
At the moment Western powers are hailing a democratic future for Libya. When Saddam Hussein was captured in 2003 the US also thought it was all over – but it had only just begun. And according to Salbuchi, it is going to be the same, or even worse, for Libya.
“I think one of the reasons why Gaddafi’s country has been invaded and he has been killed is because he had plans to introduce the gold dinar as a golden currency that could very easily have become a major currency at least in North Africa and in the oil market,” he said. “Don’t forget Libya has the ninth-largest oil reserve in the world and the main oil reserve in all of Africa, so I think this definitely smells of oil and greed on the part of Western companies. They are just using this to justify they have supported the worst terrorists probably because in the White House and Palais de l'Élysée in France, and at 10 Downing Street, we also have very high-class terrorists and mafias running those countries and the better part of the world,” he pointed out.
He added the US, France, Britain and NATO should be held accountable for the sectarian violence, should it take place in Libya.
“In any country, Libya included, there is always about a half of the population that is against the ongoing government. Should we also be invading Greece because of the way they are handling their own internal divisions?” he posited.
A rebel-assisted victory in Libya will not mark the end of NATO's interest in the country, Salbuchi emphasized.
“This is just the beginning and part of global regime change. This means orange alert for Venezuela, Bolivia and Ecuador and definitely red alert for Syria and Iran. This is the kind of democracy US, France and Britain want for the whole world,” he concluded.
NATO and the US in particular are interested in a long-term intervention in the North African country.
tisdag 11 oktober 2011
Goldman Sachs Earnings Collapse, Wells Fargo Thrives
Goldman Sachs Group Inc. (GS), whose shares have fallen 43 percent this year, may report its lowest quarterly profit since the 2008 financial crisis. Far from Wall Street, Wells Fargo & Co. (WFC) is headed for record earnings.
Third-quarter U.S. bank earnings, which kick off with JPMorgan Chase & Co. (JPM) on Oct. 13, will show that investment- banking businesses such as bond trading and merger advice declined, while retail operations like mortgage lending prospered, according to analysts including Richard Staite at Atlantic Equities LLP in London.
It’s a reversal from 2009 and early 2010, when rising markets and a perfect trading record propelled New York-based Goldman Sachs to its highest profits ever, as commercial lenders including SunTrust Banks Inc. (STI) in Atlanta charged off billions of dollars of delinquent mortgages.
“You’re going to see a big divergence between very poor earnings from pure capital-markets businesses and quite solid performance from the pure retail banks, particularly those that have a mortgage-origination business,” said Staite.
http://www.bloomberg.com/news/2011-10-10/goldman-sachs-earnings-collapse-seen-as-wells-fargo-heads-for-record-year.html
Third-quarter U.S. bank earnings, which kick off with JPMorgan Chase & Co. (JPM) on Oct. 13, will show that investment- banking businesses such as bond trading and merger advice declined, while retail operations like mortgage lending prospered, according to analysts including Richard Staite at Atlantic Equities LLP in London.
It’s a reversal from 2009 and early 2010, when rising markets and a perfect trading record propelled New York-based Goldman Sachs to its highest profits ever, as commercial lenders including SunTrust Banks Inc. (STI) in Atlanta charged off billions of dollars of delinquent mortgages.
“You’re going to see a big divergence between very poor earnings from pure capital-markets businesses and quite solid performance from the pure retail banks, particularly those that have a mortgage-origination business,” said Staite.
http://www.bloomberg.com/news/2011-10-10/goldman-sachs-earnings-collapse-seen-as-wells-fargo-heads-for-record-year.html
Everywhere everybody in the financial sector wants to tap in to the taxpayers money, either via outright bailouts or by the removal of the Glass-Stegall act, alloving financial institutions to take as security for their higly leveraged derivates nonsens peoples bank savings.
söndag 9 oktober 2011
Keiser Report: Price Propaganda
This week Max Keiser and co-host, Stacy Herbert, talk about pitchforks trading up, the mother of all short squeezes and the anonymous hedge fund. In the second half of the show, Max Keiser interviews Professor Steve Keen, author of Debunking Economics 2, about #occupywallstreet, debt bubbles and Australian housing.
http://www.youtube.com/watch?v=QP0WAYsbkNE&feature=player_embedded#!
Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?
http://www.amazon.com/Debunking-Economics-Revised-Expanded-Dethroned/dp/1848139926/ref=sr_1_1?ie=UTF8&qid=1318189699&sr=8-1
http://www.youtube.com/watch?v=QP0WAYsbkNE&feature=player_embedded#!
Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?
http://www.amazon.com/Debunking-Economics-Revised-Expanded-Dethroned/dp/1848139926/ref=sr_1_1?ie=UTF8&qid=1318189699&sr=8-1
lördag 8 oktober 2011
The Lost Science of Money- Stephen Zarlenga
One of the factions that controls nearly every moment of our lives is hardly understood by the large majority of the population. To gain an understanding of today's topic deepens our understanding of the world and how it works and exactly what we can do to effect change when and where needed. Our deepening investigation into the freedom of consciousness cannot go without a deeper understanding of what we all use for exchange or trade - money.
Exactly how we define the word 'money' defines our very society and affects nearly every facet of our lives. It also tells us exactly what we can expect from our political representatives. All we need is to understand the language of money. Beginning today in this detailed two part series we begin to look into the fundamental concepts of money: What is money and how is it defined? What is the history of money?
How does it tie to religion, government and private business?
What is the difference between credit and money?
What is FIAT money? Is there a difference between private versus nationalized banks and how they operate? And why is any of this important to YOU?
And how could it possibly affect YOUR life?
Stephen Zarlenga is the founder of the American Monetary Institute (AMI) - the leading American monetary think tank for monetary history, theory and reform.
An economic historian and author, Zarlenga provides us the clearest picture of how money and monetary systems work in his incredible 2002 tome The Lost Science of Money, and he's also the author of the American Monetary Act, submitted to congress by Dennis Kucinich in March of this year. http://www.monetary.org/
Part 1
http://www.youtube.com/watch?v=1l3OxMAF7Rk&feature=related
Part 2
http://www.youtube.com/watch?v=h_2Wo0RRkQU&feature=related
Exactly how we define the word 'money' defines our very society and affects nearly every facet of our lives. It also tells us exactly what we can expect from our political representatives. All we need is to understand the language of money. Beginning today in this detailed two part series we begin to look into the fundamental concepts of money: What is money and how is it defined? What is the history of money?
How does it tie to religion, government and private business?
What is the difference between credit and money?
What is FIAT money? Is there a difference between private versus nationalized banks and how they operate? And why is any of this important to YOU?
And how could it possibly affect YOUR life?
Stephen Zarlenga is the founder of the American Monetary Institute (AMI) - the leading American monetary think tank for monetary history, theory and reform.
An economic historian and author, Zarlenga provides us the clearest picture of how money and monetary systems work in his incredible 2002 tome The Lost Science of Money, and he's also the author of the American Monetary Act, submitted to congress by Dennis Kucinich in March of this year. http://www.monetary.org/
Part 1
http://www.youtube.com/watch?v=1l3OxMAF7Rk&feature=related
Part 2
http://www.youtube.com/watch?v=h_2Wo0RRkQU&feature=related
END THE FED Begins!
On the Friday edition of the Alex Jones Show, Alex files a report from Dallas where he is covering a protest of the Federal Reserve. After Dallas, he will move on to the bankster cartel headquarters in Houston and then San Antonio. Aaron Dykes mans the command center in Austin while Alex takes on the Fed. Aaron talks with Lyndon Larouche about the Occupy Wall Street protests and the increasingly popular idea that the Glass-Steagall Act of 1932 should be brought back to keep the hedge fund and derivatives vultures from infecting commercial banking. Aaron also talks with regular Friday guest, Bob Chapman of The International Forecaster.
http://www.youtube.com/watch?feature=player_embedded&v=ynKwdcOYwdw#!
http://www.youtube.com/watch?feature=player_embedded&v=ynKwdcOYwdw#!
fredag 7 oktober 2011
I support the #OccupyWallStreet Protesters
Washington D.C. (October 4, 2011) -- Congressman Dennis Kucinich (D-OH) today released the following video and statement in support of the protestors on Wall Street and around the country who have identified themselves with the hashtag #OccupyWallStreet:
"To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.
"Wall Street banks got billion dollar bailouts but the American people get austerity. Fourteen million Americans are out of work. 50 million people don't have health insurance and a million people a year lose their homes to foreclosure. Our policies take the wealth of the nation and accelerate it into the hands of the few.
"We need a government of the people and for the people. We need a financial system that is of the people and for the people. It is time we take our nation back and take our monetary system back from the big banks.
"I recently introduced H.R. 2990, the National Emergency Employment Defense Act, to put the Federal Reserve under the Treasury, to end the practice of fractional reserve banking and to take control of our monetary policy and make sure it works for the people.
"We can use our Constitutional authority to coin money and spend it into circulation to put millions of Americans back to work in a way that is noninflationary. The time for bold change is now.
"We are the American people. Our dream of freedom and prosperity is too big to fail."
http://www.youtube.com/watch?v=4IdPyYRnOY0&feature=player_embedded
Nationalize the Fed. - End Banks Power to Create Money
http://www.youtube.com/watch?v=V_kbyAl3-AM
"To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.
"Wall Street banks got billion dollar bailouts but the American people get austerity. Fourteen million Americans are out of work. 50 million people don't have health insurance and a million people a year lose their homes to foreclosure. Our policies take the wealth of the nation and accelerate it into the hands of the few.
"We need a government of the people and for the people. We need a financial system that is of the people and for the people. It is time we take our nation back and take our monetary system back from the big banks.
"I recently introduced H.R. 2990, the National Emergency Employment Defense Act, to put the Federal Reserve under the Treasury, to end the practice of fractional reserve banking and to take control of our monetary policy and make sure it works for the people.
"We can use our Constitutional authority to coin money and spend it into circulation to put millions of Americans back to work in a way that is noninflationary. The time for bold change is now.
"We are the American people. Our dream of freedom and prosperity is too big to fail."
http://www.youtube.com/watch?v=4IdPyYRnOY0&feature=player_embedded
Nationalize the Fed. - End Banks Power to Create Money
http://www.youtube.com/watch?v=V_kbyAl3-AM
Gratis el och värme till bondgårdar
Nu i senaste nummret av Energimyndighetens tidskrift "Energi Världen" och som jag fick i brevlådan i går (se länk nedan) så kan man på sidorna 11 och 12 läsa en superintressant artikel om gården Yttergärde.
"På Yttergärde lantbruk lämnar de 65 korna inte bara mjölk. Av kogödsel produceras även 70000 kubikmeter biogas som täcker större delen av gårdens värme- och elbehov, tack vare två effektiva Stirlingmotorer"
http://webbshop.cm.se/System/ViewResource.aspx?p=Energimyndigheten&rl=default:/Resources/Permanent/Static/3da0477406024d38ab19766a88702d5f/EV4_2011.pdf
Här mer om ett företag - Cleanergy - som till verkat Stirling motorerna.
Cleanergy
http://www.cleanergy.com/chp-engines/biogas/
"På Yttergärde lantbruk lämnar de 65 korna inte bara mjölk. Av kogödsel produceras även 70000 kubikmeter biogas som täcker större delen av gårdens värme- och elbehov, tack vare två effektiva Stirlingmotorer"
http://webbshop.cm.se/System/ViewResource.aspx?p=Energimyndigheten&rl=default:/Resources/Permanent/Static/3da0477406024d38ab19766a88702d5f/EV4_2011.pdf
Här mer om ett företag - Cleanergy - som till verkat Stirling motorerna.
Cleanergy
http://www.cleanergy.com/chp-engines/biogas/
torsdag 6 oktober 2011
Keiser Report: Debts & Slavery
This week Max Keiser and co-host, Stacy Herbert, talk about 'capitalist gangbangs,' JP Morgan's 'way forward,' and why 14 trillion no longer scares us. In the second half of the show, Max Keiser interviews Satyajit Das about the conservation of debt and slavery, extreme money and #occupywallstreet
http://www.youtube.com/watch?v=zu0wDv1LJ4k&feature=player_embedded#!
http://www.youtube.com/watch?v=zu0wDv1LJ4k&feature=player_embedded#!
Bank of England starts another round of QE
Zero Hedges comments:
As many expected, the Bank of England has followed in Bernanke's footsteps and proceeded with extra QE, 75 billion extra, or about 25 billion more than consensus - this is the first expansion in the British QE since November 5, 2009 when it did the latest £25 billion expansion.
Unfortunately, this is just the beginning: much more global QE is coming down the line as the "monetary authority" realizes it only has itself and its printers to rely on in a world rapidly reentering recession.
http://www.zerohedge.com/news/bank-england-expands-qe-%C2%A375-billion-total-%C2%A3275-billion-keeps-rate-unchanged
As many expected, the Bank of England has followed in Bernanke's footsteps and proceeded with extra QE, 75 billion extra, or about 25 billion more than consensus - this is the first expansion in the British QE since November 5, 2009 when it did the latest £25 billion expansion.
Unfortunately, this is just the beginning: much more global QE is coming down the line as the "monetary authority" realizes it only has itself and its printers to rely on in a world rapidly reentering recession.
http://www.zerohedge.com/news/bank-england-expands-qe-%C2%A375-billion-total-%C2%A3275-billion-keeps-rate-unchanged
Eni says largest Libyan oilfield ‘in ruins’
Italian oil major Eni fears its largest oilfield in Libya, known as Elephant, may be in ruins. This could dash hopes of a speedy return of Libyan supplies to global markets after months of war, a report Wednesday said.
http://sweetcrudereports.com/2011/10/05/eni-says-largest-libyan-oilfield-%E2%80%98in-ruins%E2%80%99/
http://sweetcrudereports.com/2011/10/05/eni-says-largest-libyan-oilfield-%E2%80%98in-ruins%E2%80%99/
Facebook tracks you even after logging out
An Australian technologist has caused a global stir after discovering Facebook tracks the websites its users visit even when they are logged out of the social networking site.
Separately, Facebook's new Timeline feature, launched last week, has been inadvertently accessed by users early, revealing a feature that allows people to see who removed them from their friends' lists.
Facebook's changes - which turn profiles into a chronological scrapbook of the user's life - are designed to let its 800 million members share what they are reading, listening to or watching in real time. But they have been met with alarm by some who fear over-sharing.
Read more: http://www.smh.com.au/technology/technology-news/facebook-tracks-you-even-after-logging-out-20110926-1ksfk.html#ixzz1ZyOQZio9
Separately, Facebook's new Timeline feature, launched last week, has been inadvertently accessed by users early, revealing a feature that allows people to see who removed them from their friends' lists.
Facebook's changes - which turn profiles into a chronological scrapbook of the user's life - are designed to let its 800 million members share what they are reading, listening to or watching in real time. But they have been met with alarm by some who fear over-sharing.
Read more: http://www.smh.com.au/technology/technology-news/facebook-tracks-you-even-after-logging-out-20110926-1ksfk.html#ixzz1ZyOQZio9
Steve Jobs Dies: Apple Chief Innovated Personal Computer, Created iPad, iPod, iPhone
Steve Jobs, the mastermind behind Apple's iPhone, iPad, iPod, iMac and iTunes, has died, Apple said. Jobs was 56. Jobs died "peacefully," surrounded by family members, his family said in a statement.
http://abcnews.go.com/Technology/steve-jobs-apple-ceo-dies/story?id=14383813
Steve Jobs' 2005 Stanford Commencement Address
http://www.youtube.com/watch?v=UF8uR6Z6KLc
Seems to me it was psycedelics that transformed a hippie in rags in india seeking enlightenment to what later became one of the richest and most successfull business men ever. Where did he get this "exeptional visionary capability" and creative thinking everybody agrees he had but from psychedelics..?
Jobs attended Cupertino Junior High and Homestead High School in Cupertino, California. He frequented after-school lectures at the Hewlett-Packard Company in Palo Alto, California and was later hired there, working with Steve Wozniak as a summer employee.[32] Following high school graduation in 1972, Jobs enrolled at Reed College in Portland, Oregon. Although he dropped out after only one semester,[33] he continued auditing classes at Reed, while sleeping on the floor in friends' rooms, returning Coke bottles for food money, and getting weekly free meals at the local Hare Krishna temple.[15] Jobs later said, "If I had never dropped in on that single calligraphy course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts."[15]
In autumn 1974, Jobs returned to California and began attending meetings of the Homebrew Computer Club with Wozniak. He took a job as a technician at Atari, a manufacturer of popular video games, with the primary intent of saving money for a spiritual retreat to India.
Jobs then traveled to India to visit the Neem Karoli Baba[34] at his Kainchi Ashram with a Reed College friend (and, later, the first Apple employee), Daniel Kottke, in search of spiritual enlightenment. He came back a Buddhist with his head shaved and wearing traditional Indian clothing.[35][36] During this time, Jobs experimented with psychedelics, calling his LSD experiences "one of the two or three most important things [he had] done in [his] life".[37] He later said that people around him who did not share his countercultural roots could not fully relate to his thinking.[37]
http://en.wikipedia.org/wiki/Steve_Jobs
Is Apple Evil: A Message to Steve Jobs - Infowars Special Report w/ Alex Jones
http://www.youtube.com/watch?v=cnaeCe3jCx4&feature=player_embedded#!
http://abcnews.go.com/Technology/steve-jobs-apple-ceo-dies/story?id=14383813
Steve Jobs' 2005 Stanford Commencement Address
http://www.youtube.com/watch?v=UF8uR6Z6KLc
Seems to me it was psycedelics that transformed a hippie in rags in india seeking enlightenment to what later became one of the richest and most successfull business men ever. Where did he get this "exeptional visionary capability" and creative thinking everybody agrees he had but from psychedelics..?
Jobs attended Cupertino Junior High and Homestead High School in Cupertino, California. He frequented after-school lectures at the Hewlett-Packard Company in Palo Alto, California and was later hired there, working with Steve Wozniak as a summer employee.[32] Following high school graduation in 1972, Jobs enrolled at Reed College in Portland, Oregon. Although he dropped out after only one semester,[33] he continued auditing classes at Reed, while sleeping on the floor in friends' rooms, returning Coke bottles for food money, and getting weekly free meals at the local Hare Krishna temple.[15] Jobs later said, "If I had never dropped in on that single calligraphy course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts."[15]
In autumn 1974, Jobs returned to California and began attending meetings of the Homebrew Computer Club with Wozniak. He took a job as a technician at Atari, a manufacturer of popular video games, with the primary intent of saving money for a spiritual retreat to India.
Jobs then traveled to India to visit the Neem Karoli Baba[34] at his Kainchi Ashram with a Reed College friend (and, later, the first Apple employee), Daniel Kottke, in search of spiritual enlightenment. He came back a Buddhist with his head shaved and wearing traditional Indian clothing.[35][36] During this time, Jobs experimented with psychedelics, calling his LSD experiences "one of the two or three most important things [he had] done in [his] life".[37] He later said that people around him who did not share his countercultural roots could not fully relate to his thinking.[37]
http://en.wikipedia.org/wiki/Steve_Jobs
Is Apple Evil: A Message to Steve Jobs - Infowars Special Report w/ Alex Jones
http://www.youtube.com/watch?v=cnaeCe3jCx4&feature=player_embedded#!
onsdag 5 oktober 2011
Taleb: World Faces ’Bigger Problem’ Now Than 2008
Every body seems to understand Greece has to defalt. Now its all about "backstop" . That is trying to build firewalls in order to stop the contageous spread effects.
http://www.youtube.com/watch?feature=player_embedded&v=Diu7ZSbvmis
Problem nobody knows or rather has ANY idea where it will blow up and how big of a blast it will be. See below regarding the Morgans example:
It’s rumored that Morgan could lose as much as $30 billion if some French and German banks fail. (That’s from Federal Financial Institutions Examination Council, which tracks all cross-border exposure of major banks.)
$30 billion is roughly $2 billion more than the assets Morgan owns (in terms of current market capitalization.)
But Morgan says its exposure to French banks is zero. Why the discrepancy? Morgan has probably taken out insurance against its loans to European banks, as well as collateral from them. So Morgan at least feels safe.
Should it? Does anyone remember something spelled AIG? That was the giant insurance firm that went bust when Wall Street began going under. Wall Street thought it had insured its bets with AIG. Turned out, AIG couldn’t pay up.
Haven’t we been here before?
http://robertreich.org/post/11033625495#ixzz1Zvsme3D2
Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads.
“Definitely, we face a bigger problem now and we will pay a higher price,” Taleb, who is also a professor at New York University, said today at a news conference in Kiev, referring to the turmoil during the last global financial crisis. “The structure of the problem has still not been understood. We haven’t done anything constructive in three and a half years. Nobody wants to do anything drastic now.”
Concerns over the global situation have intensified asEurope’s debt crisis deepened and the U.S. economy showed signs of slowing. Standard & Poor’s lowered the U.S.’s credit rating for the first time in August, criticizing lawmakers for failing to cut spending or raise revenue enough to reduce record budget shortfalls.
Federal Reserve Chairman Ben S. Bernanke signaled yesterday he’ll push forward with further expansion of monetary stimulus if needed.
Taleb urged countries to keep their budgets balanced, criticizing President Barack Obama of “loading the U.S. with debt that our children will have to pay” and said that growth fuelled by government debt isn’t really growth.
“Someone made a mistake lending and someone made a mistake borrowing,” said Taleb. “It is a mistake to transform private problems into public debt.”
The U.S should “be aware of the importance of fiscal wisdom,” he said at the news conference, organized by investment bank Investment Capital Ukraine.
Taleb popularized the term black swan, which derives from the once widespread Western belief that all swans were white --until explorers discovered the black variety in Australia in 1697. He argued that unforeseen events with a large impact on markets occur more frequently than statistical analysis predicts, thereby justifying the high cost of hedging against disasters.
http://www.bloomberg.com/news/2011-10-05/-black-swan-author-taleb-says-world-faces-bigger-problem-now-than-in-2008.html
http://www.youtube.com/watch?feature=player_embedded&v=Diu7ZSbvmis
Problem nobody knows or rather has ANY idea where it will blow up and how big of a blast it will be. See below regarding the Morgans example:
It’s rumored that Morgan could lose as much as $30 billion if some French and German banks fail. (That’s from Federal Financial Institutions Examination Council, which tracks all cross-border exposure of major banks.)
$30 billion is roughly $2 billion more than the assets Morgan owns (in terms of current market capitalization.)
But Morgan says its exposure to French banks is zero. Why the discrepancy? Morgan has probably taken out insurance against its loans to European banks, as well as collateral from them. So Morgan at least feels safe.
Should it? Does anyone remember something spelled AIG? That was the giant insurance firm that went bust when Wall Street began going under. Wall Street thought it had insured its bets with AIG. Turned out, AIG couldn’t pay up.
Haven’t we been here before?
http://robertreich.org/post/11033625495#ixzz1Zvsme3D2
Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads.
“Definitely, we face a bigger problem now and we will pay a higher price,” Taleb, who is also a professor at New York University, said today at a news conference in Kiev, referring to the turmoil during the last global financial crisis. “The structure of the problem has still not been understood. We haven’t done anything constructive in three and a half years. Nobody wants to do anything drastic now.”
Concerns over the global situation have intensified asEurope’s debt crisis deepened and the U.S. economy showed signs of slowing. Standard & Poor’s lowered the U.S.’s credit rating for the first time in August, criticizing lawmakers for failing to cut spending or raise revenue enough to reduce record budget shortfalls.
Federal Reserve Chairman Ben S. Bernanke signaled yesterday he’ll push forward with further expansion of monetary stimulus if needed.
Taleb urged countries to keep their budgets balanced, criticizing President Barack Obama of “loading the U.S. with debt that our children will have to pay” and said that growth fuelled by government debt isn’t really growth.
“Someone made a mistake lending and someone made a mistake borrowing,” said Taleb. “It is a mistake to transform private problems into public debt.”
The U.S should “be aware of the importance of fiscal wisdom,” he said at the news conference, organized by investment bank Investment Capital Ukraine.
Taleb popularized the term black swan, which derives from the once widespread Western belief that all swans were white --until explorers discovered the black variety in Australia in 1697. He argued that unforeseen events with a large impact on markets occur more frequently than statistical analysis predicts, thereby justifying the high cost of hedging against disasters.
http://www.bloomberg.com/news/2011-10-05/-black-swan-author-taleb-says-world-faces-bigger-problem-now-than-in-2008.html
Pippa Malmgren Geopolitical Update January 2011
http://www.youtube.com/user/PippaMalmgren#p/u
Bottom line - default is a good thing as it clears of the burden of debt and provides a foundation for growth.
Bottom line - default is a good thing as it clears of the burden of debt and provides a foundation for growth.
September 2011 Policy & Markets
News to expect in the coming days and weeks:
Greece defaults
Germany protects German banks but other countries cannot do the same thus quickly provokingmultiple sovereign defaults and or bank failures, all of which may easily lead to a payments crisis in the global banking system. Derivatives are particularly at risk in terms of operation and execution.
TheEuro falls in value especially against the US dollar
The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.
TheEuro falls even more on any news that Germany is withdrawing from the Euro.
Legal wrangling begins as to the legality of Germany’s decision. Resolution takes years.
Germany insists that the Euro continues to exist even they do not use it any longer. They emphasize that European unification will continue and suggest new legal instruments to strengthen European Unification including new EU Treaties.
Gold, diamonds, agricultural assets, energy prices and mined asset prices will rise. Default reduces the debt burden and allows growth and inflation to return. If central banks (other than the ECB) throw huge liquidity out into the market because of this event then the liquidity is going to lean away from paper financial assets other than the most trusted and liquid (US Treasuries), and lean toward hard assets.
http://www.pippamalmgren.com/77.html
Greece defaults
Germany protects German banks but other countries cannot do the same thus quickly provokingmultiple sovereign defaults and or bank failures, all of which may easily lead to a payments crisis in the global banking system. Derivatives are particularly at risk in terms of operation and execution.
TheEuro falls in value especially against the US dollar
The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.
TheEuro falls even more on any news that Germany is withdrawing from the Euro.
Legal wrangling begins as to the legality of Germany’s decision. Resolution takes years.
Germany insists that the Euro continues to exist even they do not use it any longer. They emphasize that European unification will continue and suggest new legal instruments to strengthen European Unification including new EU Treaties.
Gold, diamonds, agricultural assets, energy prices and mined asset prices will rise. Default reduces the debt burden and allows growth and inflation to return. If central banks (other than the ECB) throw huge liquidity out into the market because of this event then the liquidity is going to lean away from paper financial assets other than the most trusted and liquid (US Treasuries), and lean toward hard assets.
http://www.pippamalmgren.com/77.html
Conversations with History: Niall Ferguson
Conversations host Harry Kreisler welcomes Harvard historian Niall Ferguson for a discussion of his book "The War of the World." Ferguson analyzes the role of ethnic conflict, economic volatility, and the decline of empires in making the twentieth century the most violent one in human history
http://www.youtube.com/watch?v=Wtw6UWx_UuA
Niall Ferguson Blasts New York Times Columnist Paul Krugman
http://www.youtube.com/watch?v=gHPwYgkjU8k&feature=related
Niall Ferguson on the Pitfalls of Keynesian Economics
http://www.youtube.com/watch?v=qa3BiujaI3M&feature=related
Niall Ferguson- By 2021 There Could Be A Restored Middle Eastern Caliphate
http://www.youtube.com/watch?v=EW5BS5pscS4&NR=1
http://www.youtube.com/watch?v=Wtw6UWx_UuA
Niall Ferguson Blasts New York Times Columnist Paul Krugman
http://www.youtube.com/watch?v=gHPwYgkjU8k&feature=related
Niall Ferguson on the Pitfalls of Keynesian Economics
http://www.youtube.com/watch?v=qa3BiujaI3M&feature=related
Niall Ferguson- By 2021 There Could Be A Restored Middle Eastern Caliphate
http://www.youtube.com/watch?v=EW5BS5pscS4&NR=1
Keiser Report: Deutschmark & Drachma Revival?
http://www.youtube.com/watch?v=YtcX7EWNKIE&feature=player_embedded#!
Germany may in fact be preparing to abandon the Euro
http://www.pippamalmgren.com/79.html
Germany may in fact be preparing to abandon the Euro
http://www.pippamalmgren.com/79.html
tisdag 4 oktober 2011
There are Economies and then there are so called Economies
Shorter term anything can happen and in regards of the oil price but longer term we will all look back at the days when demand destruction was the key concern as in fact the constraints of supply will become the real challenge.
We are all aware of by now the IEA clearly has stated crude oil production from existing fields has already peaked in 2006 and that we on an annual basis and if sufficient investments are made will be at a 6% decline level and that the decline rate will increase to 9% annually if not sufficient investments are made in order to try to manage the declines.
Thus four new Saudi Arabia has to be not only found but brought on line next coming twenty years to compensate for this decline from the existing fields. Given the fact new ww oild discovery peaked already 1964 and that we today every year comsume three times as much as we find that sure is an issue. That then of course is assuming there will be zero increase in oil demand coming next 20 years.
Quite unlikely as where the real increase in oil consumption occurs are in the parts of the world least affected by the OECD suicidal financial crisis. It will take no longer than two years possibly even earlier before this oil supply crunch is a fact for all to see.
http://www.youtube.com/watch?v=NAdnuGUYXp8
http://www.youtube.com/watch?v=iKkISqOCnVA&feature=related
http://www.youtube.com/watch?v=vPnhLuuBnFk&feature=related
And this oil crunch is what in fact is behind this whole issue we have with our current financial and monetary system:
http://www.youtube.com/watch?v=msTW7D_rSm4
Then regarding the situation in Greece I myself have an issue of these escalating debt levels as most OECD countries in fact already are drowning in debt. Sweden as you might be aware of as a country had a memorandum regarding the Euro and as we then voted no to the euro were not part of the Euro.
The Norwegians are not even part of the European Union and the Danes that voted against the Euro was forced to join any how. Thus we have in fact what can be described as productive, producing , no debt burdened Germanic (Scandinavia and Germany) part of Europe. Then we have an immensely debt burdened south Europe (including France). Then as a third part you have the paper shuffling, financial based Anglo Saxon economies of London and Wall Street. Long gone are the days when things actually was manufactured and produced in the US and the UK where today its all about "innovative" new financial instruments.
What we see now is the end of the sun and bath based southern Europe based economies as they for decades have been living way over their means. Then you have the verge of the collapse of the Anglo Saxon paper based “extrapolate the future” financial transaction derivates economies as all large banks in fact are not having issues with liquidity but in fact are insolvent.
Thats then as the real bigg issue is related to this unregulated black hole derivates market that today is expected to be a plus $600 trillion market. Creative accounting is what is holding these banks alive today as values in there books are booked not at real market value but with a fictisiouse "booked" value.
Trying to solve then an insolvency issue by trying to add further liquidity regardless of whether it’s a bank or a country is a complete and utter waste of money. In fact what we all now are witnessing is a massive capital destruction as more debt is created in order to try to pay of old debt.
This whole mess started in the US and was manufactured in the US as the derivates business was allowed to grow without any insight and regulation, as the Glass-Staegal act was removed by Clinton and as the rating institutes in the US gave AAA rating to financial products derived out of the excessive loaning subprime mess that then in fact was worth zero.
These toxic derivates products, and mind you as they had been “approved” by e.g. Standard & Poor then spread to also the European French and German banks. Thus when now head of US Treasuries Mr Geitner the man very much involved in creating this mess now tells us Europeans we need to create a fire wall around Greece in order to limit the contagious spreads effect of a very likely Greece default well then that’s what we should have done a very long time ago – that is created a fire wall against the Anglo-Saxon derivates junk paper shuffling economies.
The Warning
http://www.pbs.org/wgbh/pages/frontline/warning/
So now we in southern Europe and as a consequence of all of this have the “best” of two worlds happening at the same time in e.g. the French and Italian banks as well as the overall Italian and Greece economies and that is way over in debtness and complete and utter derivates black hole chaos.
As part of this contagious effects we have the American firm Goldman Sach that one decade ago was instrumental in making it possible for Greece to join the Euro as they created solutions that in fact deliberately hidden large parts of the obligations in that economy. Now GS are back with a vengeance and shorting the hell out of its client as they know full well where all the corpses are hidden.
And now then what really disturbing is that this very firm Goldman are the once that in fact have created the EFSF mechanism where the intent is that countries so deep in debt that they are not able to finance themselves via the bond markets will be able to do so via a back door provided by the Germans so that these countries in Europe will be able to loan at favorable T&C provided by the Germans as they then would guarantee it all.
You do not have to be a rocket scientist to understand why the German people are very much against this “solution” as it risks to jeopardize also the only sound Euro economy. Now what is discussed is a “solution” whereby this could be implemented anyhow without having the need of any parlamentic consensus and approval from the taxpayers what so ever. Thus it’s the democracy as we now it now at the stake.
So the same people that in fact created the problem are now the people promoting the solutions. The only thing then we know for sure is - it won’t work. The only way out of this it to let real producing economies thrive and let the derivatives based junk economies as well as large banks die off and throw it in the historic dust bin where it belongs.
The too big to fail has become the too big to bail and no matter how much more central banking is centralized (call it EFSF, SDR, IMF etc etc), how much more money printing out of thin air that is created it will not solve the underlying insolvency issue. It was an insolvency issue 2007 and it still is an insolvency issue. ALL the measures made 2007/2008 has just enlargened and delayed the problem stretching it ever further down the road to where we are today.
As an example despite the extended loaning to Greece that has happened Greece today is in more debt than it was when the crisis started. Banks in France and on wall street may get saved (for a while) but even the austerity measures put in place in Greece as outlined by IMF will as an end result get green in a 100% of GDP indebtness by 2030. I mean 100% of GDP debt as a target after that austerity has brought down the economy to a stone age level?
And now it’s clear as the Greece economy is slipping further down the drain ( no wander as austerity takes its toll – I mean how are you supposed to be able to pay any tax if you are out of work?) even this objective now seems unrealistic.
An economy however that choose a completely different way forward than the path so far chosen by the Baltic countries and by Ireland, Portugal and Greece is Iceland. And now as a result of what they did their economy is thriving. That’s real Viking spirit for sure.
Iceland didn’t bail out banks, economy thriving
http://thehivedaily.com/blog/2011/02/04/iceland-didnt-bail-out-banks-economy-thriving/
At the end of the day people will still need stuff real tangible things like something to eat, something to drive their economy like e.g. energy. What is not needed is a financial sector 10 times as large as the real economy. People that will be able to produce food, energy thus and in the end will become the winners out of this mess.
We are all aware of by now the IEA clearly has stated crude oil production from existing fields has already peaked in 2006 and that we on an annual basis and if sufficient investments are made will be at a 6% decline level and that the decline rate will increase to 9% annually if not sufficient investments are made in order to try to manage the declines.
Thus four new Saudi Arabia has to be not only found but brought on line next coming twenty years to compensate for this decline from the existing fields. Given the fact new ww oild discovery peaked already 1964 and that we today every year comsume three times as much as we find that sure is an issue. That then of course is assuming there will be zero increase in oil demand coming next 20 years.
Quite unlikely as where the real increase in oil consumption occurs are in the parts of the world least affected by the OECD suicidal financial crisis. It will take no longer than two years possibly even earlier before this oil supply crunch is a fact for all to see.
http://www.youtube.com/watch?v=NAdnuGUYXp8
http://www.youtube.com/watch?v=iKkISqOCnVA&feature=related
http://www.youtube.com/watch?v=vPnhLuuBnFk&feature=related
And this oil crunch is what in fact is behind this whole issue we have with our current financial and monetary system:
http://www.youtube.com/watch?v=msTW7D_rSm4
Then regarding the situation in Greece I myself have an issue of these escalating debt levels as most OECD countries in fact already are drowning in debt. Sweden as you might be aware of as a country had a memorandum regarding the Euro and as we then voted no to the euro were not part of the Euro.
The Norwegians are not even part of the European Union and the Danes that voted against the Euro was forced to join any how. Thus we have in fact what can be described as productive, producing , no debt burdened Germanic (Scandinavia and Germany) part of Europe. Then we have an immensely debt burdened south Europe (including France). Then as a third part you have the paper shuffling, financial based Anglo Saxon economies of London and Wall Street. Long gone are the days when things actually was manufactured and produced in the US and the UK where today its all about "innovative" new financial instruments.
What we see now is the end of the sun and bath based southern Europe based economies as they for decades have been living way over their means. Then you have the verge of the collapse of the Anglo Saxon paper based “extrapolate the future” financial transaction derivates economies as all large banks in fact are not having issues with liquidity but in fact are insolvent.
Thats then as the real bigg issue is related to this unregulated black hole derivates market that today is expected to be a plus $600 trillion market. Creative accounting is what is holding these banks alive today as values in there books are booked not at real market value but with a fictisiouse "booked" value.
Trying to solve then an insolvency issue by trying to add further liquidity regardless of whether it’s a bank or a country is a complete and utter waste of money. In fact what we all now are witnessing is a massive capital destruction as more debt is created in order to try to pay of old debt.
This whole mess started in the US and was manufactured in the US as the derivates business was allowed to grow without any insight and regulation, as the Glass-Staegal act was removed by Clinton and as the rating institutes in the US gave AAA rating to financial products derived out of the excessive loaning subprime mess that then in fact was worth zero.
These toxic derivates products, and mind you as they had been “approved” by e.g. Standard & Poor then spread to also the European French and German banks. Thus when now head of US Treasuries Mr Geitner the man very much involved in creating this mess now tells us Europeans we need to create a fire wall around Greece in order to limit the contagious spreads effect of a very likely Greece default well then that’s what we should have done a very long time ago – that is created a fire wall against the Anglo-Saxon derivates junk paper shuffling economies.
The Warning
http://www.pbs.org/wgbh/pages/frontline/warning/
So now we in southern Europe and as a consequence of all of this have the “best” of two worlds happening at the same time in e.g. the French and Italian banks as well as the overall Italian and Greece economies and that is way over in debtness and complete and utter derivates black hole chaos.
As part of this contagious effects we have the American firm Goldman Sach that one decade ago was instrumental in making it possible for Greece to join the Euro as they created solutions that in fact deliberately hidden large parts of the obligations in that economy. Now GS are back with a vengeance and shorting the hell out of its client as they know full well where all the corpses are hidden.
And now then what really disturbing is that this very firm Goldman are the once that in fact have created the EFSF mechanism where the intent is that countries so deep in debt that they are not able to finance themselves via the bond markets will be able to do so via a back door provided by the Germans so that these countries in Europe will be able to loan at favorable T&C provided by the Germans as they then would guarantee it all.
You do not have to be a rocket scientist to understand why the German people are very much against this “solution” as it risks to jeopardize also the only sound Euro economy. Now what is discussed is a “solution” whereby this could be implemented anyhow without having the need of any parlamentic consensus and approval from the taxpayers what so ever. Thus it’s the democracy as we now it now at the stake.
So the same people that in fact created the problem are now the people promoting the solutions. The only thing then we know for sure is - it won’t work. The only way out of this it to let real producing economies thrive and let the derivatives based junk economies as well as large banks die off and throw it in the historic dust bin where it belongs.
The too big to fail has become the too big to bail and no matter how much more central banking is centralized (call it EFSF, SDR, IMF etc etc), how much more money printing out of thin air that is created it will not solve the underlying insolvency issue. It was an insolvency issue 2007 and it still is an insolvency issue. ALL the measures made 2007/2008 has just enlargened and delayed the problem stretching it ever further down the road to where we are today.
As an example despite the extended loaning to Greece that has happened Greece today is in more debt than it was when the crisis started. Banks in France and on wall street may get saved (for a while) but even the austerity measures put in place in Greece as outlined by IMF will as an end result get green in a 100% of GDP indebtness by 2030. I mean 100% of GDP debt as a target after that austerity has brought down the economy to a stone age level?
And now it’s clear as the Greece economy is slipping further down the drain ( no wander as austerity takes its toll – I mean how are you supposed to be able to pay any tax if you are out of work?) even this objective now seems unrealistic.
An economy however that choose a completely different way forward than the path so far chosen by the Baltic countries and by Ireland, Portugal and Greece is Iceland. And now as a result of what they did their economy is thriving. That’s real Viking spirit for sure.
Iceland didn’t bail out banks, economy thriving
http://thehivedaily.com/blog/2011/02/04/iceland-didnt-bail-out-banks-economy-thriving/
At the end of the day people will still need stuff real tangible things like something to eat, something to drive their economy like e.g. energy. What is not needed is a financial sector 10 times as large as the real economy. People that will be able to produce food, energy thus and in the end will become the winners out of this mess.
måndag 3 oktober 2011
Europe Must Fight Back Against US-UK Speculative Attacks
The speculative attack by Wall Street and City of London banks and hedge funds against European countries, European banks, and the euro is now reaching a crescendo. The current European crisis does not derive primarily from economic fundamentals, but rather represents a cynically planned assault carried out by Anglo-American financiers, whose philosophy is the traditional Beggar My Neighbor. The goal is to shift the epicenter of the world economic and financial depression from London and New York onto the continent of Europe, and this operation has already partially succeeded. London and New York are exporting their own derivatives depression into the EU, using credit default swaps, corrupt credit ratings agencies, and their entire panoply of financial dirty tricks. We are not dealing here with the normal functioning of markets; we are dealing with all-out economic warfare.
The Wall Street zombie bankers are aiming at a chaotic breakup of the euro with the intention of buying up the old continent at bargain-basement prices. The jackals of the City of London are seeking to smash the euro as a means of breathing new life into the moribund British pound, thereby masking the fact that Britain is more bankrupt than the vast majority of EU member states. The Anglo Americans are also acting to destroy the euro as a possible competitor for the dollar in the role of world reserve currency for the pricing of oil, the activities of international lending institutions, and other functions. The dollar is now so weak and unstable that it can only survive through the downfall of all the alternative currencies.
Because of the arrogance and stupidity of the Eurocrats and Eurogarchs who are running Brussels today, and especially because of the monetarist incompetence of Trichet and the other officials of the European Central Bank, resentment against the euro and the ECB is rising in a number of European states. But those who are being swept up in the anti-Euro hysteria need to ask themselves why they have chosen to advance the destruction of the euro, when this project coincides so totally with the intentions of the Anglo-American financiers, who are clearly the biggest enemies of Europe and of civilized humanity in general. Many of the anti-Euro agitators have not thought concretely about where the successful accomplishment of their current campaign would actually leave them. It is certainly reckless and irresponsible to propose the destruction of the euro without having a viable and concrete alternative in mind.
http://tarpley.net/2011/10/01/europe-must-fight-back-against-us-uk-speculative-attacks/
The Wall Street zombie bankers are aiming at a chaotic breakup of the euro with the intention of buying up the old continent at bargain-basement prices. The jackals of the City of London are seeking to smash the euro as a means of breathing new life into the moribund British pound, thereby masking the fact that Britain is more bankrupt than the vast majority of EU member states. The Anglo Americans are also acting to destroy the euro as a possible competitor for the dollar in the role of world reserve currency for the pricing of oil, the activities of international lending institutions, and other functions. The dollar is now so weak and unstable that it can only survive through the downfall of all the alternative currencies.
Because of the arrogance and stupidity of the Eurocrats and Eurogarchs who are running Brussels today, and especially because of the monetarist incompetence of Trichet and the other officials of the European Central Bank, resentment against the euro and the ECB is rising in a number of European states. But those who are being swept up in the anti-Euro hysteria need to ask themselves why they have chosen to advance the destruction of the euro, when this project coincides so totally with the intentions of the Anglo-American financiers, who are clearly the biggest enemies of Europe and of civilized humanity in general. Many of the anti-Euro agitators have not thought concretely about where the successful accomplishment of their current campaign would actually leave them. It is certainly reckless and irresponsible to propose the destruction of the euro without having a viable and concrete alternative in mind.
http://tarpley.net/2011/10/01/europe-must-fight-back-against-us-uk-speculative-attacks/
söndag 2 oktober 2011
fredag 30 september 2011
Borg: Banker är ett samhällsproblem
"Banker är ett samhällsproblem, så som de fungerar i dag", sa finansminister Anders Borg i dag.
Men skatt på transaktioner skulle krascha tillväxten i Europa och är inte aktuellt, enligt Borg.
Men den nya skatt på finansiella transaktioner som föreslagits av EU-kommissionen ger han inte mycket för.
Inte minst sedan såväl Kina och USA förklarat att de inte är intresserade av denna modell.
"Det har inga förutsättningar att fungera", sa Borg på en pressträff efter EU-nämndens möte.
"Vi prövade en finansiell transaktionsskatt i Sverige på 80-talet. Den resulterade i att 90-98 procent av all handel flyttade ut från Sverige."
För att dämpa riskerna i finanssektorn tycker Borg i stället man ska skärpa kapital- och likviditetskraven på bankerna, vilket är på gång via de nya så kallade Basel III-reglerna.
Enligt Borg visar beräkningar att en skatt på transaktioner skulle kunna dra ned BNP i EU med 1-2 procent.
" Det är klart att det försämrar uthålligheten i de offentliga finanserna i Europa."
Men skatt på transaktioner skulle krascha tillväxten i Europa och är inte aktuellt, enligt Borg.
Men den nya skatt på finansiella transaktioner som föreslagits av EU-kommissionen ger han inte mycket för.
Inte minst sedan såväl Kina och USA förklarat att de inte är intresserade av denna modell.
"Det har inga förutsättningar att fungera", sa Borg på en pressträff efter EU-nämndens möte.
"Vi prövade en finansiell transaktionsskatt i Sverige på 80-talet. Den resulterade i att 90-98 procent av all handel flyttade ut från Sverige."
För att dämpa riskerna i finanssektorn tycker Borg i stället man ska skärpa kapital- och likviditetskraven på bankerna, vilket är på gång via de nya så kallade Basel III-reglerna.
Enligt Borg visar beräkningar att en skatt på transaktioner skulle kunna dra ned BNP i EU med 1-2 procent.
" Det är klart att det försämrar uthålligheten i de offentliga finanserna i Europa."
The age of cheap energy is over, IEA Executive Director warns
In this scenario, by 2035, three-quarters of the world’s oil production from existing fields will need to be replaced, Mr Tanaka said.
That works out to just over 50 million barrels per day, which is equivalent to about four times the production capacity of Saudi Arabia, the world’s largest oil producer.
IEA analysts calculated that this amount of oil is needed to compensate for the predicted decline in production at existing fields, as they pass their peak and their production rates drop. (Crude oil output from fields that were in production in 2009 is expected to fall from 68 million barrels per day in 2009 to 16 million per day by 2035).
http://www.iea.org/index_info.asp?ID=1928
Fatih Birol (IEA) interview
http://www.youtube.com/watch?v=iKkISqOCnVA
That works out to just over 50 million barrels per day, which is equivalent to about four times the production capacity of Saudi Arabia, the world’s largest oil producer.
IEA analysts calculated that this amount of oil is needed to compensate for the predicted decline in production at existing fields, as they pass their peak and their production rates drop. (Crude oil output from fields that were in production in 2009 is expected to fall from 68 million barrels per day in 2009 to 16 million per day by 2035).
http://www.iea.org/index_info.asp?ID=1928
Fatih Birol (IEA) interview
http://www.youtube.com/watch?v=iKkISqOCnVA
Utilities Giving Away Power as Wind, Sun Flood Grid
The 15 mile-per-hour winds that buffeted northern Germany on July 24 caused the nation’s 21,600windmills to generate so much power that utilities such as EON AG and RWE AG (RWE) had to pay consumers to take it off the grid.
Rather than an anomaly, the event marked the 31st hour this year when power companies lost money on their electricity in the intraday market because of a torrent of supply from wind and solar parks. The phenomenon was unheard of five years ago.
With Europe’s wind and solar farms set to triple by 2020, utilities investing in new coal and gas-fired power stations no longer face stable returns. As more renewables come on line, a gas plant owned by RWE or EON that may cost $1 billion to build will be stopped more often from running at full capacity. It may only pay for itself on days like Jan. 31, when clouds and still weather pushed an hour of power on the same-day market above 162 ($220) euros a megawatt-hour after dusk, in peak demand time.
“You’re looking at a future where on a sunny day inGermany, you’ll have negative prices,” Bloomberg New Energy Finance chief solar analyst Jenny Chase said about power rates in wholesale trading. “And a lot of the other markets are heading the same way.”
http://www.bloomberg.com/news/2011-09-29/utilities-giving-away-power-as-wind-sun-flood-european-grid.html
Rather than an anomaly, the event marked the 31st hour this year when power companies lost money on their electricity in the intraday market because of a torrent of supply from wind and solar parks. The phenomenon was unheard of five years ago.
With Europe’s wind and solar farms set to triple by 2020, utilities investing in new coal and gas-fired power stations no longer face stable returns. As more renewables come on line, a gas plant owned by RWE or EON that may cost $1 billion to build will be stopped more often from running at full capacity. It may only pay for itself on days like Jan. 31, when clouds and still weather pushed an hour of power on the same-day market above 162 ($220) euros a megawatt-hour after dusk, in peak demand time.
“You’re looking at a future where on a sunny day inGermany, you’ll have negative prices,” Bloomberg New Energy Finance chief solar analyst Jenny Chase said about power rates in wholesale trading. “And a lot of the other markets are heading the same way.”
http://www.bloomberg.com/news/2011-09-29/utilities-giving-away-power-as-wind-sun-flood-european-grid.html
Magic Mushrooms Can Make Lasting Personality Changes, Hopkins Study Finds
Psilocybin, or “magic mushrooms,”can make people more open in their feelings and aesthetic sensibilities, conferring on them a lasting personality change, according to a study by Johns Hopkins researchers.
People who had mystic experiences while taking the mushrooms were more likely to show increases in a personality trait dubbed “openness,” which is related to creativity, artistic appreciation and curiosity, according to the study in the Journal of Psychopharmacology. The change was still in place a year later, suggesting a long-term effect.
“The remarkable piece is that psilocybin can facilitate experiences that change how people perceive themselves and their environment,” said Roland Griffiths, a study author and professor of psychiatry and behavioral science at Johns Hopkins University of Medicine in Baltimore. “That’s unprecedented.”
http://www.bloomberg.com/news/2011-09-29/magic-mushrooms-can-make-lasting-personality-changes-study-says.html
People who had mystic experiences while taking the mushrooms were more likely to show increases in a personality trait dubbed “openness,” which is related to creativity, artistic appreciation and curiosity, according to the study in the Journal of Psychopharmacology. The change was still in place a year later, suggesting a long-term effect.
“The remarkable piece is that psilocybin can facilitate experiences that change how people perceive themselves and their environment,” said Roland Griffiths, a study author and professor of psychiatry and behavioral science at Johns Hopkins University of Medicine in Baltimore. “That’s unprecedented.”
http://www.bloomberg.com/news/2011-09-29/magic-mushrooms-can-make-lasting-personality-changes-study-says.html
torsdag 29 september 2011
Vietnam Net Oil Exports 2004 to 2010
Following are Vietnam's numbers from 2004 (their recent production peak) to 2010 where an oil production decline of 14% combined with a domestic oil consumtion increase of 31% results in a net oil export reduction of a whopping 83%.
2004:
Production: 430,000 bpd
Consumption: 260,000 bpd
Net Exports: 170,000 bpd
2010:
Production: 370,000 bpd (down 14%)
Consumption: 340,000 bpd (up 31%)
Net Exports: 30,000 bpd (down 83%)
This is a classic case of "Net Export" Math.
Looks like Vietnam will be a net oil importer, perhaps as early as this year or next year for sure.
As oil becomes more expensive due to extraction and processing price increases, many exporting nations continue to placate their populations with oil price subsidies, which induces an increase in internal consumption, reducing exports, which in turn promotes scarcity, which in turn raises oil prices.
Whitin this context then it's quite interesting to note that the domestic oil consumption market when considering all the OPEC countries including Russia as well as Mexico if fact is twice as large as the total domestic oil consumption in China. Add to that the fact all of these countries as well as china is on a steaday economic growth path thus will be consuming even greater amounts of oil domestically going forward. In fact all the decline of oil consumtion in the OECD is more than off set by the increase of oil usage in these "new" economies.
And sure they have what it takes to grow aggresively as OPEC members will earn an unprecedented $1 trillion this year, according to the US Energy Department, as the group's benchmark oil prices exceeded $100 a barrel for the longest period ever. They are promising to plow record amounts into public and social programs after pro-democracy movements overthrew rulers in Tunisia, Egypt and Libya and spread to Yemen and Syria.
The bottom line is that so far at least there ar no examples of any oil exporting countries (at least those with a material amount of consumption) showing a multiyear production decline, that have cut their consumption sufficiently to pull their net export decline rate above their production decline rate. Denmark is a case in point. From 2005 to 2010, their production fell at 8.3%/year, and they cut their consumption at 1.4%/year, but their net oil exports fell at 19.5%/year. They would have had to cut consumption at 8.3%/year to keep their net export decline rate down to 8.3%/year.
Chris Skrebowski interview
http://www.youtube.com/watch?v=NAdnuGUYXp8
2004:
Production: 430,000 bpd
Consumption: 260,000 bpd
Net Exports: 170,000 bpd
2010:
Production: 370,000 bpd (down 14%)
Consumption: 340,000 bpd (up 31%)
Net Exports: 30,000 bpd (down 83%)
This is a classic case of "Net Export" Math.
Looks like Vietnam will be a net oil importer, perhaps as early as this year or next year for sure.
As oil becomes more expensive due to extraction and processing price increases, many exporting nations continue to placate their populations with oil price subsidies, which induces an increase in internal consumption, reducing exports, which in turn promotes scarcity, which in turn raises oil prices.
Whitin this context then it's quite interesting to note that the domestic oil consumption market when considering all the OPEC countries including Russia as well as Mexico if fact is twice as large as the total domestic oil consumption in China. Add to that the fact all of these countries as well as china is on a steaday economic growth path thus will be consuming even greater amounts of oil domestically going forward. In fact all the decline of oil consumtion in the OECD is more than off set by the increase of oil usage in these "new" economies.
And sure they have what it takes to grow aggresively as OPEC members will earn an unprecedented $1 trillion this year, according to the US Energy Department, as the group's benchmark oil prices exceeded $100 a barrel for the longest period ever. They are promising to plow record amounts into public and social programs after pro-democracy movements overthrew rulers in Tunisia, Egypt and Libya and spread to Yemen and Syria.
The bottom line is that so far at least there ar no examples of any oil exporting countries (at least those with a material amount of consumption) showing a multiyear production decline, that have cut their consumption sufficiently to pull their net export decline rate above their production decline rate. Denmark is a case in point. From 2005 to 2010, their production fell at 8.3%/year, and they cut their consumption at 1.4%/year, but their net oil exports fell at 19.5%/year. They would have had to cut consumption at 8.3%/year to keep their net export decline rate down to 8.3%/year.
Chris Skrebowski interview
http://www.youtube.com/watch?v=NAdnuGUYXp8
Chart showing Global Net Exports* (GNE) and Available Net Exports (ANE).
Following is a chart showing Global Net Exports* (GNE) and what we define as Available Net Exports (ANE). ANE = GNE less Chindia's combined net oil imports.
At the 2005 to 2010 rate of increase in Chindia's net imports, as a percentage of GNE, Chindia would consume 100% of GNE in about 20 years.
ANE fell at an average volumetric rate of about one mbpd (million barrels per day) per year from 2005 to 2010, from about 40 mbpd in 2005 to about 35 mbpd in 2010.
http://www.theoildrum.com/node/8410/839243
At the 2005 to 2010 rate of increase in Chindia's net imports, as a percentage of GNE, Chindia would consume 100% of GNE in about 20 years.
ANE fell at an average volumetric rate of about one mbpd (million barrels per day) per year from 2005 to 2010, from about 40 mbpd in 2005 to about 35 mbpd in 2010.
http://www.theoildrum.com/node/8410/839243
SDRs Here we come
Jim Rickards from a recent Eric King Interview:
"With the G20 coming up, Eric, I think they are going to dust off the SDR solution. The next time there is a major global financial crisis the Fed is not going to be able to bail out the world because they are out of bullets, but the IMF and the G20 will be able to print these SDR’s.
At that point the game really is over. It will be very transparent that we’re just replacing one kind of paper money with another kind of paper money and that is going to accelerate the rush to gold.
As soon as people do the math, this is where you start to see these $5,000, $6,000, $7,000 an ounce price targets for gold. That’s coming sooner than people expect. Some time in the next couple of years we will see that radical transformation of the international monetary system into gold."
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/14_Jim_Rickards_-_Monetary_System_Will_Go_Gold_Soon.html
And as evident for all to see the preciouse markets are beeing maipulated as we speak, or how about the ever increasing new margins requirements escalating now in an almost hysterical fashion..?
That then as close you get to a real confiscation as its all about demonetising presious metals for the ordenary people. I mean if you can't trade it what's then the value..?
$7,000 an ounce of gold of course means inflation nothing else. Oil in the ground is where it's at as all economic activity 100% as well as our monetary system itself depends on oil.
"With the G20 coming up, Eric, I think they are going to dust off the SDR solution. The next time there is a major global financial crisis the Fed is not going to be able to bail out the world because they are out of bullets, but the IMF and the G20 will be able to print these SDR’s.
At that point the game really is over. It will be very transparent that we’re just replacing one kind of paper money with another kind of paper money and that is going to accelerate the rush to gold.
As soon as people do the math, this is where you start to see these $5,000, $6,000, $7,000 an ounce price targets for gold. That’s coming sooner than people expect. Some time in the next couple of years we will see that radical transformation of the international monetary system into gold."
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/14_Jim_Rickards_-_Monetary_System_Will_Go_Gold_Soon.html
And as evident for all to see the preciouse markets are beeing maipulated as we speak, or how about the ever increasing new margins requirements escalating now in an almost hysterical fashion..?
That then as close you get to a real confiscation as its all about demonetising presious metals for the ordenary people. I mean if you can't trade it what's then the value..?
$7,000 an ounce of gold of course means inflation nothing else. Oil in the ground is where it's at as all economic activity 100% as well as our monetary system itself depends on oil.
Renationalising the railways could save the taxpayer £1.2 billion a year, according to a union-commissioned study
Renationalising the railways could save the taxpayer £1.2 billion a year, according to a union-commissioned study.
The report - for Aslef, the Rail, Maritime and Transport (RMT) union, the Transport Salaried Staffs Association and Unite - said savings could be achieved through cheaper borrowing costs, removing shareholders' dividends and reducing fragmentation.
The study, by the Transport for Quality of Life think tank, said £300 million alone could be saved by taking train operating companies into public ownership.
A survey of 2,000 people as part of the research found that 71% believed privatised train companies were more concerned with making profits than providing affordable fares and a decent service for passengers. Only 19% believed that the railways should remain in private hands.http://www.huffingtonpost.com/2011/09/27/nationalised-rail-may-sa_n_984191.html
The report - for Aslef, the Rail, Maritime and Transport (RMT) union, the Transport Salaried Staffs Association and Unite - said savings could be achieved through cheaper borrowing costs, removing shareholders' dividends and reducing fragmentation.
The study, by the Transport for Quality of Life think tank, said £300 million alone could be saved by taking train operating companies into public ownership.
A survey of 2,000 people as part of the research found that 71% believed privatised train companies were more concerned with making profits than providing affordable fares and a decent service for passengers. Only 19% believed that the railways should remain in private hands.http://www.huffingtonpost.com/2011/09/27/nationalised-rail-may-sa_n_984191.html
onsdag 28 september 2011
Some one wants you to focus on the wrong issues:
First two very good quotations from investment guru Jim Rogers:
Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do. - in CNBC europe
Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water. - in CNBC
So why then are all AngloSaxons analysts focusing right now on Europe and how can anybody sane even mention US Treasuries and the dollar as a safe heaven for investors?
http://www.youtube.com/watch?v=aC19fEqR5bA&feature=player_embedded
and here a quite amazing "analysis" made by this "journalist". Fact is that US liabilities including also all off balance debt already is OVER 500% of GDP. How can anybody then even argue the US dollar is "safe". Then she also fails to mention margin requirements for precious metals has been hiked now in an ever escalated fashion.
http://www.youtube.com/watch?v=aWyrjwXoIqA&feature=player_embedded
The CME (Chicago Mercantile Exchange), the world’s largest future market, announced it will raise the maintenance margins requirements from $7,000 to $8,500 for trading gold contracts – an increase of 21%. For silver, the maintenance margins requirements and the initial-margin requirement inclined from $16,000 to $18,500 – a 15% increase.
Furthermore, the initial-margin requirement, or the minimum amount of cash that speculators must keep on deposit, will also incline from $9,450 per 100-ounce contract to $11,475.
This is the third time in the past couple of months in which CME raised margins: it raised margins twice in August; the last time was back in August 25th by 27%. On August 24th, gold price shed 5.59% of its value, and silver price declined by 7.39%.
This decision is likely to be one of the prime reasons for the ongoing freefall in gold price despite the slight recovery in other financial markets such as US stock markets. Coming Monday, this decision may continue to affect gold and silver traders.
http://www.tradingnrg.com/gold-silver-prices-cme-margin-hike-by-21-september-24-2011/
What this now all boils down to is the evident and up in your face manipulation all asset classes via the fake paper markets. Despite hard assets like e.g. gold and oil is in more demand in the real physical than there is supply world paper prices on these assets have been artificially depressed.
Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do. - in CNBC europe
Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water. - in CNBC
So why then are all AngloSaxons analysts focusing right now on Europe and how can anybody sane even mention US Treasuries and the dollar as a safe heaven for investors?
http://www.youtube.com/watch?v=aC19fEqR5bA&feature=player_embedded
and here a quite amazing "analysis" made by this "journalist". Fact is that US liabilities including also all off balance debt already is OVER 500% of GDP. How can anybody then even argue the US dollar is "safe". Then she also fails to mention margin requirements for precious metals has been hiked now in an ever escalated fashion.
http://www.youtube.com/watch?v=aWyrjwXoIqA&feature=player_embedded
The CME (Chicago Mercantile Exchange), the world’s largest future market, announced it will raise the maintenance margins requirements from $7,000 to $8,500 for trading gold contracts – an increase of 21%. For silver, the maintenance margins requirements and the initial-margin requirement inclined from $16,000 to $18,500 – a 15% increase.
Furthermore, the initial-margin requirement, or the minimum amount of cash that speculators must keep on deposit, will also incline from $9,450 per 100-ounce contract to $11,475.
This is the third time in the past couple of months in which CME raised margins: it raised margins twice in August; the last time was back in August 25th by 27%. On August 24th, gold price shed 5.59% of its value, and silver price declined by 7.39%.
This decision is likely to be one of the prime reasons for the ongoing freefall in gold price despite the slight recovery in other financial markets such as US stock markets. Coming Monday, this decision may continue to affect gold and silver traders.
http://www.tradingnrg.com/gold-silver-prices-cme-margin-hike-by-21-september-24-2011/
What this now all boils down to is the evident and up in your face manipulation all asset classes via the fake paper markets. Despite hard assets like e.g. gold and oil is in more demand in the real physical than there is supply world paper prices on these assets have been artificially depressed.
Hess Predicts Oil Shock If Supplies Don't Rise
“An energy crisis is on its way and it’s likely to be triggered by oil,” said Hess, chairman since 1995 of the New York-based independent driller and refiner. “$150-a-barrel oil was a warning.”
Recession fears and a slowing global economy have helped push oil prices down to $86 a barrel from over $100 in May. But don’t be lulled into thinking it’s 2009 all over again, Hess said. Global oil demand fell by 2 million barrels a day in the depths of the financial crisis, he said, while today, demand in the industrialized world is down only slightly and emerging markets are continuing to grow.
http://www.forbes.com/sites/energysource/2011/09/27/hess-predicts-oil-shock-if-supplies-dont-rise/?feed=rss_home
Recession fears and a slowing global economy have helped push oil prices down to $86 a barrel from over $100 in May. But don’t be lulled into thinking it’s 2009 all over again, Hess said. Global oil demand fell by 2 million barrels a day in the depths of the financial crisis, he said, while today, demand in the industrialized world is down only slightly and emerging markets are continuing to grow.
http://www.forbes.com/sites/energysource/2011/09/27/hess-predicts-oil-shock-if-supplies-dont-rise/?feed=rss_home
tisdag 27 september 2011
EIA forsees a defecit of 2 m/bd
According to the latest EIA analysis the last real actual ww oil production is for June this year where some 86,72 mb/d was produced.
Then interestingly enough they predict average ww oil demand for Q3 to be some 88,95 M7bd and for Q4 that numer they expect to be 89,13 m/bd
That then concludes there is a shortage of some 2 M/bd from the latest real production (june) number vs expected demand fo the rest of the year.
http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=50&pid=53&aid=1&cid=ww,&syid=2004&eyid=2011&freq=M&unit=TBPD
http://www.eia.gov/emeu/steo/pub/cf_tables/steotables.cfm?tableNumber=6&loadAction=Apply+Changes&periodType=Monthly&startYear=2004&endYear=2012&startMonth=1&startMonthChanged=false&startQuarterChanged=false&endMonth=12&endMonthChanged=false&endQuarterChanged=false&noScroll=false
Last time we saw a defecit like this the EIA released oil from the strategic oil reserves:
IEA makes 60 million barrels of oil available to market to offset Libyan disruption
http://www.iea.org/press/pressdetail.asp?PRESS_REL_ID=418
So question now is - will there be a need for yet another release from the oil reserves or is someone of the oil producers able to act as a swing producer and if so are they then willing to act to depress the price of oil?
Sure the saudies as one example will start to run huge budget defecits if oil is maintained at a price level below $85.
Then interestingly enough they predict average ww oil demand for Q3 to be some 88,95 M7bd and for Q4 that numer they expect to be 89,13 m/bd
That then concludes there is a shortage of some 2 M/bd from the latest real production (june) number vs expected demand fo the rest of the year.
http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=50&pid=53&aid=1&cid=ww,&syid=2004&eyid=2011&freq=M&unit=TBPD
http://www.eia.gov/emeu/steo/pub/cf_tables/steotables.cfm?tableNumber=6&loadAction=Apply+Changes&periodType=Monthly&startYear=2004&endYear=2012&startMonth=1&startMonthChanged=false&startQuarterChanged=false&endMonth=12&endMonthChanged=false&endQuarterChanged=false&noScroll=false
Last time we saw a defecit like this the EIA released oil from the strategic oil reserves:
IEA makes 60 million barrels of oil available to market to offset Libyan disruption
http://www.iea.org/press/pressdetail.asp?PRESS_REL_ID=418
So question now is - will there be a need for yet another release from the oil reserves or is someone of the oil producers able to act as a swing producer and if so are they then willing to act to depress the price of oil?
Sure the saudies as one example will start to run huge budget defecits if oil is maintained at a price level below $85.
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