The Fifth night of the Ninth wave

Yet, there is a fairly simple solution out of the collapse of the world`s economy that we now see the beginning of. The solution is the forgiveness of all debts, not only on the government levels, but most importantly debts that regular people have in the form of credit cards, mortgages and rents, etc etc.

Such a forgiveness of all debts would have to be combined with the end of the use of money meaning that people just continue to do their jobs without any form of exchange. This would set an end to growth and help save the planet. It would also liberate people from having to make money in order to survive.

All that would be required is that people care enough for one another to continue to do the necessary work for everyone`s survival and wellbeing day by day without asking for money in return. Technically this would not be so difficult to implement, but what is blocking such a solution to the problems of the world`s economy are primarily political and legal. It is however difficult to see why a government or any banks would be needed in such a system and so these groups that hold the world's military power would most likely resist it. Moreover, for many regular people at least in our current world it also may seem difficult to simply enjoy being and so constantly need to be doing things rather than being at peace with them.

Yet, I do expect that in the sixth day of the Ninth wave, starting September 6th, we will see the first examples pointing in the directions of such solutions carrying the end to debts and money paving the way for the new world to be born after the end of the Mayan calendar on October 28, 2011.
http://www.calleman.com/content/articles/5thNight_9thWave.htm

Paul Craig Roberts on “Conspiracy Theory and the Agenda for Control”
Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution: An Insider's Account of Policymaking in Washington, Alienation and the Soviet Economy, Meltdown: Inside the Soviet Economy and How The Economy Was Lost, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions: How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/08/27/02/paul-craig-roberts/conspiracy-theory-and-the-agenda-for-control

Bye-bye Gaddafi, welcome Al-Qaeda?

While Tripoli is celebrating the end of a dictatorship, analysts are skeptical democracy is next in line for Libya. Journalist Pepe Escobar told RT, Al-Qaeda is already effectively in power in the capital.

http://www.youtube.com/watch?v=1D7yVkSyIPs&feature=player_embedded#!

David R Hawkins On Enlightment

http://www.youtube.com/watch?v=MN-XHmKdwLA

Hurricane Irene Interactive Update

Some perspectives on the one event that has consumed everyone on the East Coast from CNN: "Hurricane Irene continues to crawl north after making landfall Saturday morning in North Carolina. The storm is expected to head up the East Coast from Virginia to Maine, bringing hurricane-force winds, heavy rain, flooding and widespread power outages. President Barack Obama warned that Irene could be a "hurricane of historic proportions."
http://www.zerohedge.com/news/hurricane-irene-interactive-update

INTENSE HAARP RING in Hurricane Irene = weather modification
http://www.youtube.com/watch?v=WKtxWP0haAw&feature=channel_video_title

Kun timer før Anders Behring Breivik begynte å skyte ungdommer på Utøya, avsluttet politiets beredskapstropp en øvelse hvor de øvde på en nesten ident

Kun timer før Anders Behring Breivik begynte å skyte ungdommer på Utøya, avsluttet politiets beredskapstropp en øvelse hvor de øvde på en nesten identisk situasjon.

De fire dagene i forveien, og også den samme fredagen som angrepet ble utført, trente politiets beredskapstropp på en pågående terroraksjon som var tilnærmet lik den situasjonen som timer senere møtte de 22 polititjenestemennene i beredskapstroppen på Utøya.

Aftenposten får bekreftet fra sentrale kilder i ledelsen i Oslo-politiet at øvelsen ble avsluttet klokken 15 den samme fredagen.

Alle tjenestemennene fra beredskapstroppen som deltok i Regjeringskvartalet etter bilbomben og senere kom i land på Utøya og pågrep Anders Behring Breivik, hadde tidligere samme dag og i dagene i forveien deltatt i trening på et helt likt scenario.

Dermed rakk politiet så vidt å avslutte treningen før det de hadde trent på ble virkelighet.
http://www.aftenposten.no/nyheter/iriks/article4208952.ece


Breivik: A Patsy on Steroids — Not Authentic, but Synthetic
http://tarpley.net/2011/07/25/breivik-a-patsy-on-steroids/

'Gaddafi idiotically embraced neo-liberalism'

A spokesman for Colonel Gaddafi's regime has promised Libya will become a "volcano of fire". Loyalist forces have continually vowed to keep fighting, pointing to a prolonged civil war. RT gets more analysis from author and journalist Afshin Rattansi.
http://www.youtube.com/watch?feature=player_embedded&v=tWb9x2FqwJk

Webster Tarpley - about John Holdren

analyse des bonnes idées de John Holdren, proche du prix Nobel de la paix Obama.

Part 1/4
http://www.youtube.com/watch?v=ypUf3CEjhz8

Webster Tarpley sur Coast to Coast

Part 1

http://www.youtube.com/watch?v=WzEhBc4K12w&feature=related

Qaddafi’s Leadership Structure is Intact; NATO’s al Qaeda Infantry a Contemptible Rabble; Get Set for a Long War

http://tarpley.net/2011/08/24/natos-al-qaeda-infantry-a-contemptible-rabble/

Libya all about oil, or central banking?By Ellen Brown

Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank - this before they even had a government. Robert Wenzel wrote in the Economic Policy Journal:

I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences.

Alex Newman wrote in the New American:

In a statement released last week, the rebels reported on the results of a meeting held on March 19. Among other things, the supposed rag-tag revolutionaries announced the "[d]esignation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi."
http://www.atimes.com/atimes/Middle_East/MD14Ak02.html

Libya: It’s Not About Oil, It’s About Currency and Loans
http://www.johnperkins.org/?p=1051

Very Funny ACDC phone in competition!

http://www.youtube.com/watch?v=1oRQTOcGqvI

Kaiser Report - Episode 176

This week Max Keiser and co-host Stacy Herbert discuss the Fainting Bankers of Wall Street and the myotonic markets they inspire. In the second half of the show, Max talks to Chris Martenson about the insolvency of the banking system and about Dr. Bernanke’s misdiagnosis of the cause of the financial crisis.
http://rt.com/programs/keiser-report/fainting-bankers-wall-street-martenson/

Steve Jobs Stanford Commencement Speech 2005

Here we see Steve Jobs delivering his commencement speech to the graduates of Stanford University in 2005. In it he talks about getting fired from Apple in 1985, life & death

http://www.youtube.com/watch?v=D1R-jKKp3NA

Gold makes investors rich..?

As gold is hovering around its ATH we have so far -8.22% in Swedish nominated krona for investors that placed their bet on BlackRock World Gold Fund as of first of January this year.. so far..

As always best way to get rich is to own a bank. Second best is to manage other peoples money and then charge them for transactions, advice and administration. Doesen't matter if your bets and advice go up or down - you still can make a decent buck as customers get charged any way it goes..

Again the managers managing the Black Rock Gold Fund gets their compensdation even at a 8% minus and gold at an ATH. Greed and incompetence thats then what constitutes your efficient finance sector performance - right there between your eyes..

http://www.fondmarknaden.se/Fonder/Fondoversikt/386.aspx

By the way. Banks and finance institutions are the next busiess to get real challenged by technology. I mean the outrageous fees banks now charge their customers simply in order to electronically store digital numbers on a hard disk and allow for these digital numbers to be transfered electronically is nothing but absurd.

In fact all you need as a bank acount is a USB stick or some similar electronicly cryptated wallet. Makes even more sence these days when your not allowed to even store real cash in your bank deposit and when every outtake from an ATM is charged by hefty fees.

Got a good elecronical payment and savings solution to promote- anyone? What wee need is a free solution like the Wikipedia or Linux approach... and of course this will be a stricly distrubuted non centralised and like the internet based solution..impossible for anyone to controll or take down..

In fact this IS what finaly will get them banks on their knees - once and for all..

There`s Real Journalism and Then There`s.....

http://www.youtube.com/watch?v=AslyGtLAU4s&feature=player_embedded#!

Rothschild Is Now In TBTF Plunge Protection Business

“Following the already failed attempt by captured pan-European regulators to stop the local bank Friend-o treatment by instituting a short-selling ban, whose effectiveness as we pointed out lasted, oh, about 7 days, we find just what Plan B is. And, yes, Rothschild is involved. From the WSJ: "Societe Generale SA, whose shares have come under severe pressure in recent weeks, said Tuesday that it had signed a liquidity contract with Rothschild & Cie. to prevent excessive volatility in its stock price." That's right: Rothschild is now in the Plunge Protection business. And they all have the ECB to thank for it: after years of not learning from the New York Fed-Citadel Joint Venture, which "never" steps in at precisely the right time (wink wink), they have opened the market for third party PPT incursions. It only seems fitting that the bank that started it all, would step in and fill the void. Because after all if SocGen falls, Rothschild will sooner or later follow. That said, the official explanation is worth its weight in laughter: "The idea is not to keep the stock price high, but rather to keep it steady" a representative for Societe Generale said. After hearing such... brilliance... what really is there to say?
http://www.zerohedge.com/news/rothschild-now-tbtf-plunge-protection-business

Beware of calls to return to a gold standard. Why? Simple. Because never before has so much gold been so concentrated outside of American hands. And never before has so much gold been in the hands of international governmental bodies ...
http://www.sovereignindependent.com/?p=15161

Saif Qaddafi Leading Defense of Tripoli Against NATO’s al Qaeda Rabble; Denounces “Electronic Information Warfare” by Imperialist Predators; Will Obam

http://tarpley.net/2011/08/23/saif-qaddafi-leading-defense-of-tripoli/

Precious Metal Margin Warfare Jumps The Pacific, As Shanghai Hikes Gold Margins For Second Time In A Month, Prepares To Crush Silver

Wondering why gold dropped by almost $100 today? Wonder no more: today the Shanghai Gold Exchange lifted gold margins for forward contracts the second time this month to 12% beginning on Friday, in a move that is starting to resemble the CME's vendetta with silver back from May. Should we expect 3 more SGE margin hikes in the next 2 weeks? Or will the CME rightfully accept the baton and do everything in its power to dent the parabolic rise in the alternative reserve currency? We are cautiously looking at what the CME will do today and will advise readers. In the meantime, here is what else happened in Shanghai: "China’s main precious metals exchange will also widen daily trading limits for those gold contracts to 9 percent, up from 7 percent, the SGE said on its website on Tuesday. The contracts to be affected include Au(T+D), Au(T+N1) and Au(T+N2). This is the second time the exchange has raised collateral requirements on gold forward contracts this year — both times in August — as international gold prices hit a series of record highs over the past few weeks, boosted by a flight to safety on worries over a stalling U.S. recovery and crippling sovereign debt in the euro zone. Shanghai Gold T+D contract lost half a percent to 387.8 yuan per gram, or $1,884.47 an ounce, down from an intraday high of 391.9 yuan when the market opened."

http://www.zerohedge.com/news/precious-metal-margin-warfare-jumps-pacific-shanghai-hikes-gold-margins-second-time-month-prepa

The Economic Republic of JP Morgan

the quality of JPM's derivative exposure is even worse than Bear Stearnsand Lehman‘s derivative portfolio just prior to their fall.

Total net derivative exposure rated below BBB and below for JP Morgancurrently stands at 35.4% while the same stood at 17.0% for BearStearns (February 2008) and 9.2% for Lehman (May 2008). We all knowwhat happened to Bear Stearns and Lehman Brothers, don't we???

I warned all about Bear Stearns (Is this the Breaking of the Bear?: On Sunday, 27 January 2008) and Lehman ("Is Lehman really a lemming in disguise?":On February 20th, 2008) months before their collapse by taking a close,unbiased look at their balance sheet.

Both of these companies were rated investment grade at the time, just like "you know who". Now, Iam not saying JPM is about to collapse, since it is one of the anointedones chosen by the government and guaranteed not to fail - unlike BearStearns and Lehman Brothers, and it is (after all) investment graderated.
http://boombustblog.com/images/stories/jpm/thumbnails/image001.png

http://www.zerohedge.com/article/independent-look-jp-morgan

JP Morgan Chase bank has $1.244 trillion in assets. Yet, it has a mind-boggling $91.73 trillion in derivatives contracts on its books. A person could buy the whole bank for a comparatively paltry $129 billion. That means that if JP Morgan was exposed to just 1.3 percent of its outstanding derivative contracts, and things went wrong, it would be completely insolvent.

http://intheendwerealldebt.blogspot.com/2009/05/derivat-marknaden-och-den-finansiella.html

Credit Crisis Cassandra
http://intheendwerealldebt.blogspot.com/2009/10/credit-crisis-cassandra.html

5.9 magnitude earthquake in Virginia - East Coast United States

http://www.youtube.com/user/dutchsinse#p/u/0/aEDfGPOxWLM

ALERTS TO THREATS IN 2011 EUROPE

The English are feeling the pinch in relation to recent events in Libya and have therefore raised their security level from "Miffed" to "Peeved." Soon, though, security levels may be raised yet again to "Irritated" or even "A Bit Cross."

The English have not been "A Bit Cross" since the blitz in 1940 when tea supplies nearly ran out. Terrorists have been re-categorized from "Tiresome" to "A Bloody Nuisance." The last time the British issued a "Bloody Nuisance" warning level was in 1588, when threatened by the Spanish Armada.

The Scots have raised their threat level from "Pissed Off" to "Let's get the Bastards." They don't have any other levels. This is the reason they have been used on the front line of the British army for the last 300 years.

The French government announced yesterday that it has raised its terror alert level from "Run" to "Hide." The only two higher levels in France are "Collaborate" and "Surrender." The rise was precipitated by a recent fire that destroyed France 's white flag factory, effectively paralyzing the country's military capability.

Italy has increased the alert level from "Shout Loudly and Excitedly" to "Elaborate Military Posturing." Two more levels remain: "Ineffective Combat Operations" and "Change Sides."

The Germans have increased their alert state from "Disdainful Arrogance" to "Dress in Uniform and Sing Marching Songs." They also have two higher levels: "Invade a Neighbour" and "Lose."

Belgians, on the other hand, are all on holiday as usual; the only threat they are worried about is NATO pulling out of Brussels ..

The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy.

Australia , meanwhile, has raised its security level from "No worries" to "She'll be alright, Mate." Two more escalation levels remain: "Crikey! I think we'll need to cancel the barbie this weekend!" and "The barbie is cancelled." So far no situation has ever warranted use of the final escalation level.

-- John Cleese - British writer, actor and tall person

Riksbanken säljer guld

Augusti 2008 dvs för nu nästan exakt tre år sedan sålde Riksbanken av en hel del guld för att istället köpa pappers dollar. Heja Riksbanken till vad som nu visat sig vare en rejäl förlust affär där man dels förlorat i värdeökning på guldet och samtidigt värde minskningen på dollarn.

Riksbanken stuvar om i guld- och valutareserven.

Upp till 15 ton av guldreserven ska säljas under de närmaste tolv månaderna. Försäljningen sker inom ramen för det guldavtal som tecknats mellan 15 europeiska centralbanker.Riksbanken har möjlighet att sälja upp till 60 ton guld under en femårsperiod. Riksbanken har hittills sålt totalt 45 ton guld, 15 ton under avtalets första år och 10 ton under det andra, tredje och fjärde året. Riksbankens guldreserv uppgår för närvarande till 142 ton guld, enligt ett pressmeddelande.

http://www.realtid.se/ArticlePages/200808/26/20080826163303_Realtid382/20080826163303_Realtid382.dbp.asp

Det är sådana här affärer vår Svenska Riksbank håller på med dvs när man inte skapar fastighetbubblor ..

US economic crisis

In this edition of On the Edge, Max Keiser interviews Michael Hudson from Michael-Hudson.com

He talks about the US economy and debt crisis as we approach the 2012 presidential elections.
http://www.youtube.com/watch?v=bC-EQM7YHz0&feature=player_embedded

BRITISH GOVERNMENT BEGINS STEALING ITS PEOPLES' BANK DEPOSITS AHEAD OF THE GLOBAL FINANCIAL COLLAPSE

BRITISH GOVERNMENT BEGINS STEALING ITS PEOPLES' BANK DEPOSITS AHEAD OF THE GLOBAL FINANCIAL COLLAPSE

It happened before and it is starting again. Government confiscating (stealing) the people’s life savings. Just like in 1929 the British government began its theft of the people’s life savings just before the Great Depression. After an inflationary run-up in prices and asset values, the stock market crashed in 1929, and the economy soon went with the crash. This time the British government is disguising its outright theft by claiming the entire contents of safety deposit banks are owned by criminals and the contents are the proceeds of crimes.

In March of 2011 the British Prime Minister David Cameron ordered British police to execute Operation Rize - raid and seize the entire contents (art, gold ingots, gold dust, jewelery and cash) of nearly 7,000 safety deposit boxes from three vaults in London. The British government simply told Scotland Yard that the safety deposit boxes were used by criminals to store cash, guns and drugs.
http://www.truthwinds.com/siterun_data/government/fraud/uk_australia_canada_government/news.php?q=1313166306

Sweden discusses ‘cash ban’
http://www.acting-man.com/?p=2710

Banks in Sweden just announced that cash will be banned from safety deposit boxes. All people that deposit less then 15.000 euro are only forbidden by law to deposit cash and/or explain the money if the bank has reason to suspect terrorist activity.

Thus, all Swedish people that put less then 15.000 euro into their safety deposit boxes are now one big terrorist collective.

Might as well get used to the new meme, “cash is terrorism”.

Reflections And Warnings - An Interview With Aaron Russo
http://www.youtube.com/watch?v=YGAaPjqdbgQ

About Europe, Gold and our monetary system

James G. Rickards ( www.tangentcapital.com ) and James Turk, Director of the GoldMoney Foundation, talk about the European sovereign debt crisis and the European Central Bank buying Italian bonds. They talk about the ECB’s role in the crisis and how it is becoming increasingly politicised, in contrast with its predecessor of sorts – the Bundesbank. They talk about the possible differences between Jean-Claude Trichet and his successor Mario Draghi. James Rickards explains how Europe is developing a common fiscal policy with a common Treasury, in the form of the European Financial Stability Facility (EFSF), which will dictate fiscal policy to many member countries – such as Greece – in exchange for rescue funds. Rickards is bullish on the euro, among other reasons because the eurosystem owns 10,000 tonnes of gold.

Rickards and Turk debate whether or not central banks really own the gold they claim to own, and talk about how the current currency war – with countries competing to see who can devalue their currencies the most – is a disastrous zero-sum game. They discuss the problems facing countries whose currencies are appreciating rapidly, such as Brazil and Switzerland, and what these countries might do to curb this appreciation.

They comment on the recent debt-ceiling debate and how the compromise reached, despite all the headlines, does not actually include any real cuts, including only cuts in proposed increases. Rickards mentions his four possible scenarios for the future of the international monetary system: SDR, gold, multiple reserve currencies or chaos.

They talk about the potential for hyperinflation as the US government continues to rely on debt, instead of revenue, to finance an increasing portion of its outlays. Jim Rickards sees the potential for both deflation and hyperinflation and explains that it will depend largely on the actions of the Fed, with Bernanke leaning more in the direction of more money printing.

They discuss South Korea’s recent acquisition of 25 tonnes of gold, as well as Indian and Chinese buying. Rickards explains that China is trying to bypass the world market by buying directly from miners.
http://www.goldmoney.com/video/rickards-turk-interview.html

Then this matter about Gold here is a somewhat different view what money is a nd sure a real viable way in order to reform our monetary system:

Stephen Zarlenga interview 1/6
http://www.youtube.com/watch?v=TjyrAmiK1FI

morgana; liar

http://www.youtube.com/watch?v=vlJWUBEwMhQ&feature=related

Dr David Hawkins - the Esoteric/Occult

http://www.youtube.com/watch?v=0J8_P33VIhI&feature=related

Nigel Farage A True Politation June 2011 part 1 Euro Zone Disaster Time Line

http://www.youtube.com/watch?v=TK0GdFOO_p0&feature=player_embedded

Folk&Rock Segmont - Be there or be square!!

Meadows ever Bleeding - Water
http://www.myspace.com/meadowseverbleeding#!/meadowseverbleeding/music/songs/water-40-ep-version-41-68190240

Jim Hanft - By The Stream
http://www.myspace.com/meadowseverbleeding#!/jimhanft/music/songs/by-the-stream-75791285

Baskery - Throw a bone
http://www.tv4play.se/nyheter_och_debatt/nyhetsmorgon?title=baskery_-_throw_a_bone&videoid=1886716

Baskery - Shame and Dance
http://www.tv4play.se/nyheter_och_debatt/nyhetsmorgon?title=baskery_-_shame_and_dance&videoid=1887136

Folk&Rock - Segmon Folkets Park
http://www.folkrock.nu/?page_id=46

About changing the world

"A single human being can change the entire world as long as she don’t care about who takes the credit."

"When you change the way you look at things, the things you look at change."

London riots a pretext for Internet crackdown

Jordan Blackshaw and Perry Sutcliffe-Keenan were two of several demonstrators that were given harsh sentences for petty crimes in the recent UK riots. Another looter got six months for stealing a case of bottled water. Alex Jones, radio host of the Alex Jones Show, tells us why this is a severe overreaction on the UK's part and how he is not surprised.
http://www.youtube.com/watch?v=n0Q3ugdtxTo&feature=player_embedded

Credit card interest rates surge as spending drops

Single mom has to try to survive on foodstamps as consumer credit dries out and interest on Credit Cards reaches in exsess of in average 19%.

INTEREST rates on credit cards are at the highest levels they have been for more than a decade, a new report shows.

Average interest rates for making a purchase on your plastic have now hit 19pc -- the highest rate in 13 years.
Credit card providers have pushed interest rates up by 2pc in the first few months of this year alone, according to research by market research group Mintel.

http://www.independent.ie/business/personal-finance/latest-news/credit-card-interest-rates-surge-as-spending-drops-2819892.html

This as Wall Stret now is guaranteed near zero interest rates for at least the next two years.
http://online.wsj.com/article/SB10001424053111904140604576498380497149042.html

Then as banks not are in liquid out of cash but in fact insolvent they now use this free money to promt up their balance sheets in order to try to repaire what in fact are losses at historical levels. Not a dime of this money therefore is then transfered from these large banks to the real economy.

As leading bank analysts Meredith Whitney states "the top U.S. financial institutions have become zombie banks that will need a decade to adjust their businesses to the new realities in the industry."
http://intheendwerealldebt.blogspot.com/2011/08/financial-giants-turning-into-zombie.html

The whole idea is now to try use time in order to try to mend what in fact really is broken by transfering real welth from the real economy and the taxpayers to a phony casino fake economy based, not on market values but rather so called "book value".

The ONLY result out of this is welth transferred to an unpresidented extent from the taxpayers and the real economy to the financial elites by throwing real good money on what in fact is nothing but a black economic hole. As long as this is allowed to continue (and in the cards this is something now they see happening for decades) the economy and the consumers will become more and more depressed.

In fact what really is at stake here is the whole middle class - as we know it. These people have NO political representation anywhere in the system as all funding to politicians has been made by either of oligarchs and or big business. The result is evident - austerity for the people and corporate wellfare to big business.

But here is a thought - how in the world does this parasiting big business beleive it can survive withiout any future economy based on real consumers? Mayby they think is enough just to led the FED hand them out printed money, shortcutting any consumers...?

There is a war going on
http://www.youtube.com/watch?v=Tq1zpHF0J04

Money to The People - NOT to Banks
http://www.youtube.com/watch?v=nA54cgkvc_w&feature=related

Bill Still's "The Secret of Oz" movie review
http://www.youtube.com/watch?v=Plk82fK0tAM&feature=related

George Carlin Doesn't vote
http://www.youtube.com/watch?v=xIraCchPDhk

Saudi need for oil at $85 may speed cutback

Riyadh: Saudi Arabia may start cutting oil output ‘much sooner' than it did after the financial crisis in 2008 because it now needs crude prices of at least $85 (Dh312.2) a barrel to pay for spending, Sanford C. Bernstein & Co said.
http://gulfnews.com/business/oil-gas/saudi-need-for-oil-at-85-may-speed-cutback-1.850907

Chavez to repatriate $11 billion in gold held in banks abroad

Venezuelan President Hugo Chavezordered his government to repatriate $11 billion in gold held in banks abroad to safeguard the country from the economic crisis and said he’ll nationalize the local gold industry.

Venezuela has about 211 tons of its 365 tons of gold reserves held abroad at institutions including the Bank ofEngland, JPMorgan Chase & Co. (JPM), Barclays Plc (BARC), Standard Chartered Plc (STAN) and the Bank of Nova Scotia (BNS), according to a government document.

“We’ve held 99 tons of gold at the Bank of England since 1980. I agree with bringing that home,” Chavez said today on state television. “It’s a healthy decision.”

Chavez, who has said he wants to eliminate the“dictatorship” of the U.S. dollar, has called on Venezuela’s central bank to diversify its $28.7 billion in reserves away from U.S. institutions. Some cash reserves, which total $6.3 billion, will be shifted into currencies from emerging markets including China, Russia, Brazil and India, central bank President Nelson Merentes said today at a news conference.
http://www.bloomberg.com/news/2011-08-17/chavez-preparing-government-takeover-of-venezuela-s-gold-mining-industry.html

Los Angeles City Officials Quit S&P Rating Service After Bond Downgrade (Payback's a Bitch)

The city of L.A. booted its bond-rating service after S&P gave us another downgrade recently. Its one of three cities that have done so in the wake of S&P giving even the old United States of America a downgrade.

The Bond Buyer broke the news today. L.A. has $7 billion worth of debt that's rated by S&P. (Added: Oops. Rick Orlov at the Daily News had this light years ago).

L.A. chief investment officer Thomas Suarez told TBB:

Quite frankly, we just don't want to be associated with [Standard & Poor's] anymore based on that decision. We think it was irresponsible and just excessive.
http://blogs.laweekly.com/informer/2011/08/angeles_sp_bond_rating.php

As a matter of fact these Rating Institute people should have been behind bars a long, long time ago..

S&P downgrades the US for the first time in history.
http://intheendwerealldebt.blogspot.com/2011/08/s-downgrades-us-for-first-time-in.html

Watch EVERY MINUTE of this video and then pass it on to everyone you know. It’s THAT important.

I'm the only thing standing against you and the pitchforks... well Obama now is the time to step aside..or you sure will be pitchforked.

This week Max Keiser and co-host, Stacy Herbert, observe the British shock that there is no society. In the second half of the show Max talks to former bank regulator, William K. Black about the absence of justice for banking crimes and whether or not the population plays a role in demanding this justice.
http://www.youtube.com/watch?v=kUyutryL_SY&feature=player_embedded '


Is the SEC Covering Up Wall Street Crimes?
A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals.
http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

Jim Rickards - Economics and National Security

Rethinking the Future International Security Environment The Johns Hopkins University -- Applied Physics Laboratory
Economics and National Security
James G. Rickards Senior Managing Director, Omnis, Inc., McLean, VA Tuesday, December 7, 2010

http://www.youtube.com/watch?v=G2IJvqcYL9Y&feature=related

DO GOLD PRICES CORRELATE WITH U.S. INFLATION?

I’ve built all of this into my reasoning for thinking that gold is entering an irrational bubble. And I believe one of the primary drivers of this inevitable bubble is this misconception that the USA and the Federal Reserve are the primary causes of inflation and gold prices. The reason the hyperinflation theory in the USA has been so wrong (aside from misunderstanding how the modern monetary system works) is because the hyperinflationists have misunderstood the actual cause of their inflation worries. They’ve no doubt been right (in terms of gold), but they’ve been right for the wrong reasons. In my opinion, it is not the “central planning” of the USA that is causing this fear trade. Rather, the true fundamental driver is the Central Bank of China.

The key for investors will be understanding the point where the gold market reaches disequilibrium based on these misconceptions (the Euro crisis and the Fed contribute significantly to this misconception) and undergoes the inevitable collapse that always follows a bubble. I personally don’t think we’re there yet. In the meantime, when someone points to the Fed, the US government and their “central planning” or “money printing” as the primary cause of the surge in the price of gold and justification of their USA hyperinflation theory, you might do them a favor and let them know that they’re right about the flaws of “central planning” and excessive “money printing”. You just might want to also let them know that they’re focusing on the wrong central bank.
http://pragcap.com/do-gold-prices-correlate-with-u-s-inflation

Financial Giants Turning Into 'Zombie Banks': Whitney

Take away : "its a structural change, and these take time, and were now moving from a highly leveraged lending business to a agro/commodities busiess."

The top U.S. financial institutions have become zombie banks that will need a decade to adjust their businesses to the new realities in the industry, analyst Meredith Whitney told CNBC.

In banking parlance, zombies have little net worth but are backed by the government and continue to meet their obligations.

Amid an environment in which new regulations demand that banks hold more capital and lending demand is uneven and likely to be taken over by smaller institutions, Whitney said the big companies face major challenges.

"The large banks which dominate most of the lending in the United States are effectively zombie banks," she said. "You've got an expense structure that just doesn't match the revenue structure. So it's a classic issue of negative operating leverage. You don't buy institutions that have negative operating leverage. This is a multi-year cycle that these guys will have to go through."

She said the term applies as well to stressed European banks such as Societe Generale that were sustaining heavy losses Wednesday amid credit concerns.

Getting back to normal probably will take large institutions, such as Bank of America
10 years as they cope with a new regulatory environment that will demand banks change focus and cut size, Whitney added.
http://www.cnbc.com/id/44087025/Financial_Giants_Turning_Into_Zombie_Banks_Whitney

Venezuela to nationalize gold industry

Venezuelan President Hugo Chavez said on Wednesday he plans to nationalize the gold sector – including extraction and processing – and use the production to pad the country’s international reserves.

Mr. Chavez, speaking on state television, said he would carry out the nationalization through a decree in coming days.
http://www.theglobeandmail.com/report-on-business/international-news/latin-american/venezuela-to-nationalize-gold-industry/article2132413/?utm_medium=Feeds%3A%20RSS%2FAtom&utm_source=Globe%20Investor&utm_content=2132413

New solar flare largest in years

An extremely powerful solar flare, the largest in over four years, rocked the sun early Tuesday (Aug. 9), but is unlikely to wreak any serious havoc here on Earth, scientists say.

It was a big flare," said Joe Kunches, a space scientist with the National Oceanic and Atmospheric Administration (NOAA)'s Space Weather Prediction Center. "We lucked out because the site of the eruption at the sun was not facing the Earth, so we will probably feel no ill effects."

Today's solar flare began at 3:48 a.m. EDT (0748 GMT), and was rated a class X6.9 on the three-class scale scientists use to measure the strength of solar flares. The strongest type of solar eruption is class X, while class C represents the weakest and class M flares are medium-strength events. [Video: Aug. 9 Solar Flare Briefly Knocks Out HF Radio]

The flare is the largest one yet in the sun's current cycle, which began in 2008 and is expected to last until around 2020. Solar activity waxes and wanes over an 11-year sun weather cycle, with the star currently heading toward a solar maximum in 2013.

"This flare had a GOES X-ray magnitude of X6.9, meaning it was more than 3 times larger than the previous largest flare of this solar cycle - the X2.2 that occurred on Feb 15, 2011," scientists with NASA's Solar Dynamics Observatory, a space observatory that monitors the sun, wrote in an update.

While all X-class solar eruptions are major events, they pose the greatest threat to Earth when they are aimed directly at the planet. During those events the sun often releases a cloud of plasma called a coronal mass ejection into space, and sometimes toward Earth. This ejection hurls charged particles that can damage satellites, endanger astronauts in orbit, and interfere with power systems, communications and other infrastructure on the planet.

Today's solar flare, and resulting coronal mass ejection (CME) was not aimed at us, however. [Anatomy of Sun Storms & Solar Flares (Infographic)]

"Because of its position the CME is going to shoot out into space and not be Earth-directed, and we don’t expect any big geomagnetic storm with this," Kunches told SPACE.com. "We did luck out. If this would have happened a week ago, who knows?"
http://www.csmonitor.com/Science/2011/0810/Solar-storms-New-solar-flare-is-largest-in-years

Japan's Nuclear Disaster Could Happen Globally, NASA warns Solar Storm Grid Failure
http://www.youtube.com/watch?v=BpI-m62q_Os

China's appetite for oil imports increases

BEIJING, Aug. 15 (UPI) -- China's dependence on imported oil grew to 55.2 percent in the first five months of this year up from 55 percent last year, reports state-run news agency Xinhua, citing figures from China's Ministry of Industry and Information Technology.

In 2009, however, China's dependence on imported oil rose to 33 percent.
MIT figures indicate China's oil consumption rose 10.3 percent year on year to 198 million tons in the first five months this year. During that period, oil imports rose 11.3 percent to 107 million tons.

Read more: http://www.upi.com/Business_News/Energy-Resources/2011/08/15/Chinas-appetite-for-oil-imports-increases/UPI-73041313421719/#ixzz1VHSrCXHB

Gold Market Is a ‘Bubble Poised to Burst,’ Wells Fargo Says

George Soros and Eric Mindich cut their holdings in the SPDR Gold Trust, an exchange-traded fund, in the second quarter as prices rallied, while billionaire John Paulson maintained the largest stake, a filing with the U.S. Securities and Exchange Commission showed yesterday.
http://profitimes.com/free-articles/gold-market-is-a-%E2%80%98bubble-poised-to-burst%E2%80%99-wells-fargo-says

Urgent need for austerity measures for the finance sector

Really poor economic European outlook going forward

Quarterly growth in Germany slowed to 0.1 per cent; in France it has stopped. There is no easy way to restart the eurozone's economic engine. Lex's Edward Hadas and Vincent Boland discuss the problem, and the lack of a complete solution
http://video.ft.com/v/1112099070001/Eurozone-economic-engine-stalls

then what people discuss as a part of a "solution" its said is these Eurobonds (read Economies not able to get deacent financing on their own as they are in such a complete and utter economic distress will be ably to get fundings via Germany). Viable ... anyone?

So with poor economic growth outlook, indebtness as far as the eye can see one can but wonder why financing debt in any weay even should be discussed as part of any solution? Time to reverse this charade. Austerity for the Finance sector and let the banks fail and clear off the debt is whats in fact urgetly needed. Thats the ONLY way to ensure economic growth anytime in the future. If not well have decades of what only can be described as the Japanese disease of anemic growth.

Iceland sure has made progress and should in this regard be seen as the role model approach going forward.

Prof. Bill Black - Financial crisis probe, prosecution failure - Fire Summers, Geithner, Holder

Professor Black appeared on The Dylan Ratigan Show with "Inside Job" director Charles Ferguson. They discussed culpability for the broken financial system and the egregious lack of oversight, and subsequent failure to investigate and prosecute.
http://www.naturalnews.com/033319_food_prices_farmland.html#ixzz1VBZRuHcD

Why is George Soros selling gold and buying farmland?

NaturalNews) Food prices are skyrocketing all across the globe, and there's no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a weakening currency).

As the dollar drops in value due to runaway money printing at the Federal Reserve, the cost to import foods from other nations looks to double in just the next two years -- and possibly every two years thereafter.That's probably why investors around the globe are flocking to farmland as the new growth industry. "Investors are pouring into farmland in the U.S. and parts of Europe, Latin America and Africa as global food prices soar," reports Bloomberg magazine (http://www.bloomberg.com/news/2011-...). "

A fund controlled by George Soros, the billionaire hedge-fund manager, owns 23.4 percent of South American farmland venture Adecoagro SA."Jim Rogers is also quoted in the same story, saying, "I have frequently told people that one of the best investments in the world will be farmland."

Learn more: http://www.naturalnews.com/033319_food_prices_farmland.html#ixzz1VBZRuHcD

In the light of S&P downgrade derivatives trading is exploding.

http://www.youtube.com/watch?v=ZlDnbSuet2Q&feature=player_embedded#at=202

Why Confiscate Gold?

There is this notion out there that gold never will be confiscated as there really is so little of it out there in private hands.

First point is its not ever again going to be physically confiscated or at least very unlikely. Instead there are a number of options available in order to de monetize these precious metals. Such as e.g. trading limits, taxation (how about a 90% tax introduced on all precious metals profits) and new regulation hindering the use of gold as traded commodity.

Its sure has been done before e.g. as was the case when new regulation was introduced over night in regards of trading limits relevant to silver and as a result the Hunt brothers was forced in to liquidation.

So why then bother about these metals and what’s the fuss? Sure it’s not about having access to the physical as it I fact is quite small amounts hold by private investors. Key here instead is that as any new fiat currency system that either will be introduced, or already existing, from a credibility perspective is severely damaged if investors have precious metals to lean on or flee to at times of financial unrest.

Inflation statistics can be tempered with as is done by authorities but as long as there are precious metals any coordinated initiative aiming at devalute a fiat moneteary system will simply be to obvious in order to become really successfull.

That’s the bottom line. Precious metals are the worst enemies of any central bank solution. Valued at $2000 per ounce Gold is screaming full voice - our fiat currency system is a scam, it's really is a scam!!

Central bankers hate gold as it is the epiphany of fiat currency manipulation. Now once and for all they will try to get rid of it in order for them to really have the benefit 100% of creative bookeeping and obscure statistics.

So when is its gonna happen this time? Clearly something is in the works related to the Special Drawing Rights and implementing a new world reserve currency. Thats going then to be the ultimate global fiat currency system. Are precious metals going to be allowed to in any way hinder, make dubiouse any sutch effort? I dont think so.

It was important to bankrupt the Hunt brothers. People who speculate in gold or silver are betting against fiat money. Bankrupting the Hunt brothers made the dollar look strong in comparison. When the price of silver crashed, it created the false impression that the dollar had appreciated in value.
http://fskrealityguide.blogspot.com/2008/02/hunt-brothers-silver-corner.html

Nationalise the Banks - Clear the Debt

http://video.cnbc.com/gallery/?video=3000039237

Paul Krugman Wants Manufactured Threat From OuterSpace to Revive Economy

http://www.youtube.com/watch?v=NtdnZnizh6U&feature=player_embedded#at=62

It's actually scarier than fiction..

The Quickening
http://intheendwerealldebt.blogspot.com/2011/08/quickening.html

Then you put a little bit of SDR on top of it all and its a wonder what that could do to a depressed world economy and currencys without any hope..

US Government Will Confiscate Gold When It Touches $2000

Jim Rickards discusses gold and the importance of the barbaric relic in geopolitical terms. As Rickards is trying establish his thesis on gold and the dictatorial powers of the USA, the hosts and guest promptly do their best to downplay the importance of gold and Rickards' analysis. Gold hit $1700 this morning and Rickards calls the United States a gold superpower and the Saudi Arabia of gold. He also mentions how the US could simply confiscate gold not only of its citizens, but that of other nations' gold that is stored in the USA. Jim Rickards has some interesting points of view and always provides great insight and analysis, even if he is ridiculed by those who proudly claim they don't understand gold, like those on this interview.
http://www.youtube.com/watch?v=L-yST98PMkU

The Gold Confiscation Of April 5, 1933
http://www.the-privateer.com/1933-gold-confiscation.html

in 1933, Franklin Delano Roosevelt dealt with a monetary and banking crisis by confiscating all privately owned gold; paying for the gold at $20.67 per ounce; immediately devaluing the dollar by 40 percent; and setting the price of gold at $35.00 per ounce. At a single stroke, Roosevelt increased the government's gold assets, stabilized the monetary system and increased wholesale prices by more than 33percent. However, he also inflicted losses of 40 percent on gold owners and stripped them of the gold that they saved to insure their financial futures
http://www.blanchardonline.com/beru/confiscation_1933.php

Question then is how much gold is there really in the US? As all US gold, also all gold confiscated in 1933, is supposed to be stored in Fort Knox and as there has been no real audit of that gold in decades this matter about how much gold the US really has have been up for debate ever since.

Also question is who owns the Gold stored in the US?
While Keiser's documentary does not identify the Bundesbank spokesman who confirmed the transfer of the German gold reserves to New York, it does provide the date and location of the confirmation: March 17, 2008, at Bundesbank headquarters in Frankfurt. The documentary shows that Keiser was there and got the interview.

After his interview at the Bundesbank, Keiser remarks: "The most fascinating thing I've heard is that all the gold in Germany is in New York."
http://news.goldseek.com/GATA/1249837200.php

A month after President Nixon resigned over the Watergate affair Congress demanded to inspect the contents of Fort Knox but the trip to Kentucky was dismissed by critics as a photo opportunity. Three years earlier Mr Nixon brought an end to the gold standard when France and Switzerland demanded to redeem their dollar holdings for gold amid the soaring cost of the Vietnam War.

Pressure for more openness is mounting after the collapse of the global banking system and renewed interest in a return to the simpler era of the gold standard - a subject that is likely to be raised at the G20 summit next week. China and Russia are calling for the creation of a new world reserve currency amid fears that the Federal Reserve's quantitative easing policy - essentially printing money - might cause hyperinflation, then collapse.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece

Safe Deposit Box?
http://video.foxnews.com/v/3927219/

Maybye, just maybye Nixon had to get off the god standard as there was no gold left in the vault and as they where unable to deliver the gold back to France and Switzerland as they in fact had requested?

Insider Report: US Government Will Confiscate Gold When It Touches $2000
We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it’s confiscated in the USAfor about $200. Then it’s to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011. Large physical gold is being moved to Canada.
http://guerillatics.com/?p=573

In an interview today with Eric King of King World News, geopolitical analyst James G. Rickards, who spoke at GATA's London conference, reviews President Nixon's severing of gold from the dollar in 1971 and speculates that gold will be officially revalued to $7,000.
http://www.24hgold.com/english/news-gold-silver-rickards-sees-gold-being-revalued-to-7-000.aspx?article=3602258064G10020&redirect=false&contributor=Chris+Powell


Soros Dumps Gold, Inciting Fear of Plummeting Price
http://intheendwerealldebt.blogspot.com/2011/08/soros-dumps-gold-inciting-fear-of.html

UK Crash Course

Part 1 of the 6 part UK Crash Course series

Part 1
http://www.youtube.com/watch?v=msTW7D_rSm4

Swiss moneyprinting..?

http://finance.yahoo.com/q/bc?s=USDCHF=X&t=1d&l=on&z=m&q=l&c=

Banks in Asia review credit to French lenders

Well if Asian credit lines woulf be cut to French banks well then were in for a ride..probably far worse that if France lose its AAA rating..Lehman.. , bailout.. anyone?

Aug 11 (Reuters) - One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.
http://www.reuters.com/article/2011/08/11/us-crisis-asia-exposure-idUSTRE77A1Q620110811

The Chinese do have a problem right now as they avoid the dollar, have been active in the Euro but now thats probably a lesser attractive call, Swiss franc way to smal of a market. So only option left for them is to invest in their own currency..and thus the Renminbi appreciates.

Goldman Sachs is standing by its forecast Brent crude will average $130 a barrel next year

Saudi Arabia, the world's biggest exporter of crude, is consuming more of its own oil than ever, eroding its ability to cover global shortages as demand rises to a record high.

The desert kingdom may use an unprecedented 1.2 million barrels a day this summer to generate electricity for domestic use as one million people visit the country during the holy month of Ramadan, according to HSBC Holdings PLC. Rising power needs cut the country's surplus oil capacity 33 per cent this year to 2.3 million barrels a day, the lowest since November 2008, while world demand heads toward a record high of 90 million barrels, according to the International Energy Agency.

"We're seeing a contraction in available supply," said David Greely, a New Yorkbased commodities analyst at Goldman Sachs Group Inc.

Goldman Sachs is standing by its forecast that Brent crude will average $130 a barrel next year, even as the price tumbled Monday on concerns about debt in the U.S. and Europe. Subsidized gasoline, power plant inefficiencies and efforts by King Abdullah to provide jobs and housing for a population growing by 2.2 per cent a year are squeezing surplus capacity as turmoil from Libya to Yemen limits supplies

http://www.edmontonjournal.com/life/Saudis+consume+more/5226138/story.html

The ninth wave

Vid tidpunkten för skrivandet (31 juli 2011) befinner vi oss i början av den femte dagen i den nionde vågen, som sedan också snabbt närmar sig sitt slut och slutförandet av alla Maya kalenderns vågor den 28 oktober 2011. Det är tre Dagar (under en tidsperiod av tre vanliga månader) ännu kvar som påverkas av den nionde vågens intensifiering i enlighet med den hög frekvens av omvandling till enighetsmedvetande. Medan vi alla kan ha idéer om hur denna slutliga omvandling kommer att ske, så vet ingen människa de exakta detaljer om vad som ska hända. Vi sitter i väntrummet hos den kosmiska läkaren och vi vet inte hur han eller hon kommer att behandla denna patient
http://www.calleman.com/content/articles/svenska/CosmicConvergenceSeptember23-26_SV.htm

Mayakalendern : mänsklighetens väg mot ett upplyst medvetande
http://intheendwerealldebt.blogspot.com/2009/03/mayakalendern-mansklighetens-vag-mot.html

QE3 by another name?

The US Federal Reserve announced that it will keep interest rates close to zero until 2013. Lex's John Authers and Edward Hadas discuss the implications for the bond market, the dollar and whether this is just QE3 via the backdoor
http://video.ft.com/v/1101860017001/QE3-by-another-name-

Fed should be thrilled
Ajay Rajadhyaksha, head of US fixed income strategy at Barclays Capital, tells Aline van Duyn, the FT’s US markets editor, that the Fed's decision to hold down interest rates until mid-2013 has so far had the intended effect of calming the risk markets.
http://video.ft.com/v/1101429063001/Fed-should-be-thrilled

Don't ignore the strengthening renminbi
While the currency markets have focused on the yen and Swiss franc, China's renminbi has been strengthening too. Investment editor Jennifer Hughes says China's vast dollar reserves could increase the pressure to float the renminbi.
http://video.ft.com/v/1102800914001/Don-t-ignore-the-strengthening-renminbi

Soros Dumps Gold, Inciting Fear of Plummeting Price

"George Soros, the hedge fund investor who called gold "the ultimate bubble," has divested his portfolio of nearly its entire investment in the precious metal, inciting many to fear that the price will very soon plummet, devaluing the specie-heavy portfolios of millions of investors.

Like it or not, like him or not, attention must be paid to his movements. It can be very expensive to ignore the predictions of Soros. For example, on September 16, 1992 (a date subsequently known as “Black Wednesday”), one of the investment funds of Soros sold short more than $10 billion worth of pounds sterling, profiting from the British government's reluctance to adjust its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries."

"A worldwide devaluation of gold could create a ripple of financial insecurity. For example, gold is viewed by a majority of the world as a very safe and trustworthy investment, one that only increases in value. This sort of reasoned speculation has undoubtedly fueled the bullish ballooning of the price per ounce of the metal.
If the actions of Soros and other global power brokers have the effect of devaluing gold, then the legitimacy and appeal of the call of many to return to a gold standard for the value of paper currency or to abolish the Federal Reserve (and other similar central banks around the world) and its money-printing carte blanche, will be similarly devalued."
http://thenewamerican.com/economy/markets-mainmenu-45/8495-soros-dumps-gold-inciting-fear-of-plummeting-price

My View - Take it or leave it.

Seems this now is playing out for the SDRs. I mean a really fast quick SDR implementation. One can almost hear what the ECB and The FED are yelling - We need the $100 trillion NOW, and China seems anxious as well pushing to implement this new order. But I do believe that as an absoulte prerequisit in order to even be able to implement this new SDR structure gold needs to be "nutralised". This as every competing currency out there will jeopardise any such attemt and most certainly in its very early introductionary phase.
http://intheendwerealldebt.blogspot.com/2011/08/debt-here-debt-there-debt-everywhere.html

Swedish Rates

Swedish rates down significantely today some 15 and 25 points depending on maturity date. 10 year rates lowest ever very close to 2%. Apparently large inflows to interest funds as well as apparently worries related to French banks.

2year Swedish rates 1,35%, German 0,5 and Swiss negative.

UK gilts: curb your enthusiasm?

Despite the scenes of rioting in London, UK gilts remain popular as a safe haven for overseas investors. But Jennifer Hughes, investment editor, warns the mood may be changing as downward pressure on sterling builds
http://video.ft.com/v/1101170917001/UK-gilts-curb-your-enthusiasm-

In a letter sent out by Olli Rehn to the European parliament on August 9, Rehn, in attempting to defend the fact that the ECB has now become Europe's "bad bank" and is thus nothing but a political vehicle to be used and abused by Germany which is the only one that can fund the ECB's non-existent equity capital, said that this ongoing intervention is critical in "dysfunctional" markets. He also completely fabricated the claim that the bond buying program is compatible with the EU Treaty. Supposedly he was envisioning the no bailout clause in the EU treaty. And to punctuate his point, the ECB proceeded to buy Italian and Spanish bonds for the third day this week, earlier today. Yet all that is boring, bureaucratic rhetoric. Where you should prepare to have your frontal lobe turn to jelly is the following: in defending why the expanded SMP program, which may soon hit hundreds of billions in onboarded toxic bonds, Rehn said the central bank’s investments are safe because “the bonds are purchased in the secondary market at market price -- i.e. the credit risk is already factored in,” according to a response dated yesterday to a query by an EU lawmaker. We will repeat this.... because it bears repeating: there is no risk of loss to the ECB's loan portfolio because they are purchased in the open market. In other words, if you, or a central bank, or an alien from Uranus, buys something in the open market, it is a risk free transaction....
http://www.zerohedge.com/news/and-now-dumbest-thing-you-will-ever-hear

Strange then that no risk makes German bond rates increas. Clearly there is a cost associated for this what actually is a real fiscal union implemented i Europe. Something no one ever had the option to vote for.

ECB moves towards a fiscal union
http://video.ft.com/v/1098606225001/ECB-moves-towards-a-fiscal-union

as economic fundamentas deteriorate seems the markets more or less anticipate QE3.

QE3 ahoy!
The agreement on raising the US debt ceiling, assuming it is voted through, won't see any appreciable spending cuts kick in until after the next presidential election in 2013. But it will prevent any new stimulus for the economy. This leaves any nurturing down to the Federal Reserve if need arises. As James Mackintosh, investment editor, points out, the economy is crying out for help, and the markets are already sighting QE3, the next round of quantitative easing, on the horizon
http://video.ft.com/v/1089934276001/QE3-ahoy-

from a QE3 perspective what would happen if that was released with a gold price at an ATH? Mayby thats the one issue the FED has to monitor before embarking on a new round of stimuli. "Gold is in a bubbel and has to pop and when it does it will be painfull" according to Mr Hadas. Clearly there is nothing Central banks look to "manage" more than precious metals as a high gold price is the ultimate vote against the fiat currency system.

Gold bubble
The Lex column has believed there's a bubble in gold for several years. The yellow metal meantime has climbed to record levels. Lex's Sarah O'Connor and Edward Hadas debate the column's bubble theory.
http://video.ft.com/v/1090408630001/Gold-bubble

Why 'efficient markets' collapse - Mandelbrot

Benoit Mandelbrot, the mathematician described as the 'Father of Fractals', died on 14th October. Last year he gave this fascinating in-depth interview to John Authers, Lex editor. He discussed his now 40-year old groundbreaking critique of the "efficient markets" hypothesis and why new theories on price movement discontinuities are needed after the credit crunch. Benoit Mandelbrot was an emeritus professor of mathematics at Yale University
http://video.ft.com/v/63078298001/Why-efficient-markets-collapse-Mandelbrot

Thanks a lot, idiots

To claim that these disaffected youths are the vanguard of some organic revolutionary movement is completely asinine. If this is a genuine backlash against the establishment, why are the mobs not congregating around Downing Street, the Houses of Parliament or Buckingham Palace, the real culprits of Britain’s economic degradation. Why instead are they busy filling trolleys full of tennis shoes, mobile phones, along with plentiful supplies of booze and cigarettes from tiny local off-licenses?

The rioters are composed predominantly of nihilistic, aggressive, vapid and intellectually castrated youths
that have come to represent the very term “broken Britain”.

This is like a bad zombie movie – it’s the rise of the idiots. The plague started in Tottenham. It rapidly spread to other areas of London, and soon the hordes were rampaging around major cities nationwide. But these zombies weren’t scavenging for brains, they were in search of JD Sports chav-wear, 40 inch TVs and iPads. The police stood by and watched. The petrified public welcomed troops on the streets, curfews, more surveillance and control with open arms. Thanks a lot, idiots.
http://www.infowars.com/the-rioting-underclass-product-of-a-diseased-culture/

Clear out and reboot

Hi Bernanke,

how's it going? Not to well for all to see. One thing I can't figure out is how low interest rates will clear all bad debt primarely in the derivatives market. I do agree were in a recession (in fact within a depression) but the result of more dire economic outlooks is we sure can expect a whole lot of leveraged positions to really start blow to bits these coming weeks. Is that why we hear QE3 is about to happen within three weeks in order to try to save these banks?

Are the banks solvent?
http://www.youtube.com/watch?v=PD0YCSNdo8w&feature=related

The banks' big lie
http://www.youtube.comhttp//www.youtube.com/watch?v=Jy9yluyizGo&NR=1/watch?v=Jy9yluyizGo&NR=1

So far not wery many are happy with how this has turned out since 2007 and people seems to take to the streets almost everywhere. Do you se how this is linked with the policys you have implemented last couple of years? I know people are voicing out their frusration by violence as the economic deterioration accellerates. I guess whats really at stake here is the belife were living in a democracy.

Do we still live in a democracy
http://www.youtube.com/watch?v=Lj0aETOwxbw&NR=1

This black hole unregulated derivatives mess how do you intend to now go about and fix it? Its all about three men that destroyed the world - as we know it. How about your lecagy? Do you really wanna be part of that team in our histrory books? Theres still time to repent and do whats actually good.

The warning
http://www.pbs.org/wgbh/pages/frontline/warning/

Now its time to call a spade a spade and start by implementing proper accounting meassures again so that all is booked according real market value and not set at fictisiouse levels. Bottom line insolvensy can not be solved by more liquidity and even though you acedemic credetials sure are impressive, really what you have dealt with in your analysis is the issue related to lack of liquidity in the system in order to fight deflation as was the case during the great depression.

As we all know writing of bad debt is deflationatry but it has to happen as othervice that bad debt will remain for ever and hinder any possibility of economic growth. There are so much bad debt in our system it has to be clreared out. Throwing good money at bad never was a good ide.

Insanety is continue doing something that has shown not to work. I dont think many of us beleive Q1 and Q2 has made us better of now? Then for the sake of all people of the worlds well being pls close the FED and suggest the treasuries issue interest free loans to be used in the real economy, building real infrastructure and puting people to work and pay tax. Thats the stimuly that would counter the deflation cased by writing of debt.

Cheers

Dylan Ranting

This is exactely how I feel. The real problem - politicians as they are so in bed with and in fact 110% bought by special interests are unable to deal with the real financial issues and undelying causes. In reality the USA is highjacked and in fact there is no way this current political system in any way shape or form can solve the problem.

http://www.msnbc.msn.com/id/21134540/vp/44079837#44079837

Trickel Down Economics to som extent got the real defecit issue started :

RIG-anomics. GOP Ignores Ronald Reagan's Trickle-Down Economics Failures http://www.youtube.com/watch?v=63LrW-0Cv2M

but I would argue it all started 1913..

The Secrets of the Federal Reserve
http://www.amazon.com/Secrets-Federal-Reserve-Eustace-Mullins/dp/0979917654/ref=pd_sim_b_5

Tragedy & Hope: A History of the World in Our Time
http://www.amazon.com/Tragedy-Hope-History-World-Time/dp/094500110X/ref=sr_1_1?s=books&ie=UTF8&qid=1312959296&sr=1-1

And heres what to do about it:

Introduction to The American Monetary Institute
http://www.youtube.com/watch?feature=player_embedded&v=MLYCKT64Mwc#at=17

Prof. Michael Hudson - 2010 AMI Monetary Reform Conference
http://www.youtube.com/watch?v=sjV5FEKVs8A&feature=related

The Lost Science of Money by Stephen A. Zarlenga:
Traces the money power through three and a half millenia from barter to the Euro
Draws fascinating, previously lost monetary principles from ancient Greece and Rome, from the experience of the Moslems, Venice, the Templars, the Jews, the Bank of Amsterdam and Bank of England, and the Federal Reserve System.
Shows that the question of usury is far from settled, and that monetary reform is more a matter of morality and law than economics.
Demonstrates that a good money system must be based in law, not in commodities.
Defines the essential elements needed to remove structural injustice from our money system.
http://monetary.org/the-lost-science-of-money

Debt here, Debt there, Debt everywhere

Compiled some stuff from earlier posts, enjoy:

Kotlikoff explains that America's "unofficial" payment obligations — like Social Security, Medicare and Medicaid benefits — jack up the debt figure substantially.

"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."

To eliminate the fiscal gap, Kotlikoff says, the U.S. would have to have tax increases and spending reductions far beyond what's being negotiated right now in Washington.

"What you have to do is either immediately and permanently raise taxes by about two-thirds, or immediately and permanently cut every dollar of spending by 40 percent forever. The [Congressional Budget Office's] numbers say we have an absolutely enormous problem facing us."
http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion?ft=1&f=1001

okey wasen't that endcouraging. Over to Europe..

35 min in to this broadcast an interview with Jim Rickards. Interesting stuff e.g. about EFSF. Italy "only" needs 1 trillion Euros coming three years. And Italy will drag France its largest debtor with it. Take away: were in a depression since 2007 and now we have a recession within a depression. Reputiate all the debt and reboot.
http://www.cbc.ca/video/#/News/Business/1239849460/ID=2086121205

As we all know it was Goldman Sucks that invented and structured this EFSF appoach. So with that a country like Germany stands to risk to get deep in debt via obscure non transparent derivat mechanisms ready to blow. Who actually thought we need more of derivatives and that lack of derivatives was our problem?

Did the Europeans Just Invent a New Government Backed Derivative? When a special purpose vehicle, which was intended to increase the stability of sovereign debt, begins to receive criticism because of the complexity of its structure, you can be forgiven for wondering if it does more harm than good.
http://www.cnbc.com/id/41846746/Did_the_Europeans_Just_Invent_a_New_Government_Backed_Derivative

LONDON, Aug 8 (IFR) - With talk of the size of the European Financial Stability Facility's lending capacity being increased from its current but yet to be ratified ?440bn - numbers such as ?1trn, ?2trn, even ?4trn, have been bandied around - one thing is clear: there is likely to be a lot more paper in the market than was envisaged when the limit was ?250bn. Germany's contribution to the EFSF rises to 29% from 27% under the new proposals, while France's grows to 22% from 20.5%. These swell to 43% and 32% if Italy and Spain withdraw.
http://in.reuters.com/article/2011/08/08/efsf-bonds-idINL6E7J80KF20110808

'Euro on edge, will collapse by November if no new crisis plan'
http://www.youtube.com/watch?v=T1Qd-oohi5c&feature=player_embedded

Bottom line - EFSF, or rather Germany, most certainly is not able to manage this on its own. The $US seems to already have lost all credability and the defecit is humongeous any way you slice or dice it.

Seems this now is playing out for the SDRs. I mean a really fast quick SDR implementation. One can almost hear what the ECB and The FED are yelling - We need the $100 trillion NOW, and China seems anxious as well pushing to implement this new order. But I do believe that as an absoulte prerequisit in order to even be able to implement this new SDR structure gold needs to be "nutralised". This as every competing currency out there will jeopardise any such attemt and most certainly in its very early indricutionary phase.

China Blasts US After S&P Downgrade, Calls for New Global Reserve
http://www.ibtimes.com/articles/193532/20110806/us-debt-downgrade-after-dollar-future-china-blast-standard-poo.htm

Dollar to Be 'Discarded' by World: China Rating Agency
The editorial called for “international supervision over the issue of U.S. dollars” and the introduction of “a new, stable and secured global reserve currency.”
http://www.cnbc.com/id/44050325

Then isent it handy a very detailed SDR plan that has has been in the works for probably decades just has been completed?

The IMF Central Bank structrur in place - Check . Is there enough panic - not just yet but very soon. Okey lets go! But first lets create as much meyham as possible in order to really meak em up. Soon they'll come crawling begging on their knees for the SDR and another shot of stimuli -big time.

Here about the plan..

Jim Rickards Davos - We Need $100,000,000,000,000 of New Debt
http://www.youtube.com/watch?v=ZmDuS_IQ40g

Dollar to Be 'Discarded' by World: China Rating Agency

The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating.

Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from “A+” to “A” after policymakers in Washington failed to act in a timely manner to lift its debt celing.

However, the announcement failed to register in the markets as investors have yet to decide whether to take the Beijing-based company seriously.

The editorial called for “international supervision over the issue of U.S. dollars” and the introduction of “a new, stable and secured global reserve currency.”
http://www.cnbc.com/id/44050325

Isen't it just handy all what is needed in regards of SDRs replacing the $US as the worlds reserve currency already is at hand? Only thing remaining in order then to introduce this to the generall puplic is a real financial chrisis of epic propotions.

Arab Revolution spreds to ...Israel..?

Following the electrifying presence of more than a quarter of a million protesters in Tel-Aviv, 700,000 more are tipped to join them.

Demanding social justice, lower living costs and government reform, hundreds of thousands of Israelis have poured into the capital in scenes reminiscent of the revolts in Tunisia, Egypt and Libya.

Next month, one million protesters will flood 50 cities in Israel. Next month also marks the declaration of Palestinian Statehood at the UN in New York.

We know that the Israeli government is certainly preparing for that. But are they prepared for their own people to rise up against them?

Time will tell how those events will unfold, but what matters now is why the media is failing to give the same kind of coverage to the revolts in Israel as they did to those in the Arab world earlier this year.
http://mediajackhammer.wordpress.com/2011/08/08/an-israeli-spring-a-one-million-man-march-and-the-media-is-quiet/

The debt can not be repaid

35 min in to this broadcast an interview with Jim Rickards. Interesting stuff e.g. about EFSF. Italy only needs 1 trillion Euros coming three years. And Italy will drag France its largest debtor with it.
Take away: were in a depression since 2007 and now we have a recession within a depression. Reputiate all the debt and reboot.
http://www.cbc.ca/video/#/News/Business/1239849460/ID=2086121205

Goldman Sucks invented the EFSF

As we all know it was GS that invented and structured this appoach. The objective clearly is to get Germany deep, deep in debt via obscure non transparent derivat mechanisms ready to blow.

Did the Europeans Just Invent a New Government Backed Derivative?
When a special purpose vehicle, which was intended to increase the stability of sovereign debt, begins to receive criticism because of the complexity of its structure, you can be forgiven for wondering if it does more harm than good.
http://www.cnbc.com/id/41846746/Did_the_Europeans_Just_Invent_a_New_Government_Backed_Derivative


LONDON, Aug 8 (IFR) - With talk of the size of the European Financial Stability Facility's lending capacity being increased from its current but yet to be ratified ?440bn - numbers such as ?1trn, ?2trn, even ?4trn, have been bandied around - one thing is clear: there is likely to be a lot more paper in the market than was envisaged when the limit was ?250bn.

Germany's contribution to the EFSF rises to 29% from 27% under the new proposals, while France's grows to 22% from 20.5%. These swell to 43% and 32% if Italy and Spain withdraw.
http://in.reuters.com/article/2011/08/08/efsf-bonds-idINL6E7J80KF20110808

$1 Billion bet in July of US downgrade brings questions of insider information

In late July, a mystery investor or hedge fund made a nearly $1 Billion bet that the US would lose their AAA credit rating, and on August 5th when S&P issued its downrade to AA+, that investor now stands to make a return of 1000%, and leads to serious questions of who the mystery trader is, and did they have insider information well before hand.

In 1992, George Soros nearly destroyed the British Pound, and made a profit of $1 Billion by betting agains the currency. The British government had been propping up the Sterling for some time, and this led to a weakness that Soros was able to exploit when rejection of the Maastricht Treaty led to a massive devaulation of the Pound, and a huge profit for his bet.

That belief, or perhaps knowledge of events is very similar to the bet placed against the American credit rating just two weeks ago.

While the identity of the 'mystery investor' remains unknown, many indicators do point to George Soros as the principal benefactor. First, Soros has been tied to the Obama administration since the 2008 elections. In February of this year in fact, a Soros investment fund profited well on President Obama's new green energy policies. Secondly, right about the exact same time as the $1 Billion bet took place on the US credit rating downgrade, Soros made public the move to divest his management fund of outside investors, and quietly go private. This move allows him to make trades and investments without being required to notify the SEC under the new Dodd-Frank act passed in Congress last year.

Of course, this mystery bet could have been made by any Hedge Fund that followed Soro's course of action, and went private on their own. However, very few people have the inside contacts with the Treasury Department and Obama administration that Soros does, and the historical evidence does point strongly to this bet being one that he has done in the past.While the point here is not necessarily who made the bet on the a US downgrade, but rather, the question is how much was known by the Obama administration and Treasury Department in advance of a downgrade coming? In April of this year, an interview with Secretary Tim Geithner led him to say unequivocally that there is no chance of the US being downgraded, and assuredly, the government has close communication with the ratings agencies through the Treasury and the Fed. This downgrade did not come as a surprise to the government, only the timing of it may have been unwanted.

There is a saying when it comes to theft in America. If you steal $100, you go to jail, but if you steal $1 Billion dollars, you work on Wall Street. The SEC and American justice system has been a process that picks and chooses whom it prosecutes for insider information, and the higher up you are in the banking system, the less likely you are to be investigated, or prosecuted. Since the 2008 credit crisis, small fish such as Bernie Madoff were made public scapegoats, and brought to trial, but larger names such as Angelo Mozillo of Countrywide simply got a slap on the wrist, and a large retirement.

The timing of a massive bet of nearly $1 Billion dollars on the US losing its AAA rating just two weeks before S&P made the call on August 5th is eerily similar to what took place in 1992 on the British Pound. There is no doubt that someone had insider information that a ratings downgrade was coming, and only time will tell if the mystery investor is ever revealed who just made $10 Billion dollars off the investment.

Continue reading on Examiner http://www.examiner.com/finance-examiner-in-national/1-billion-bet-july-of-us-downgrade-brings-questions-of-insider-information#ixzz1UXZAVufW

Warren Buffet owns parts in Moodys. These rating institutes work on behalf of the Oligarchs. Soros for sure has good enough connection within these structures as does many others. Thats why crashing economies is such a very good business, justt as war is as well. Same end result - a hurting civilian population.

Soros is the guy not only responsable for the Pounds demice he also very activly interveined against the Swedish Krona some three decades ago. Same end results Sweden joined the European Union and austerity to the people.

Next Wave 2.0

The rating company S&P assigned AA+ scores to securities in the $2.9 trillion municipal bond market including school- construction bonds in Irving, Texas; debt backed by a federal lease in Miami; and a bond series for multifamily housing in Oceanside, California. Olayinka Fadahunsi, an S&P spokesman, said he couldn’t provide a dollar figure on the affected debt. “It’s expected, but nobody is happy about it,” Bud Byrnes, chief executive officer of Encino, California-based RH Investment Corp., said in a telephone interview

Matt Fabian, a managing director of Concord, Massachusetts- based Municipal Market Advisors, a financial research company, said in a telephone interview that he expected “hundreds and hundreds of municipal downgrades,” which may hurt investor confidence. “Treasuries may be able to shake off a real impact from the downgrade,” he said. “Munis, I’m less sure about." That's ok, while nobody has any idea what is coming, that won't stop 99.9% of those on Comcast's financial comedy channel from opining anyway.

Sure, just like the Fukushima explosion had no impact on the lift expectancy of those surrounding it back in March. Perhaps we should all check back with population in the immediate vicinity in a few years... And then do the same for debt issuers in the US.
http://www.zerohedge.com/news/sp-cuts-aaa-rating-thousands-municipal-bonds

South Korea Joins Greece In Banning Short Selling
Yesterday Greece, today Korea, tomorrow the world. The traditionally last ditch attempt by a regulator losing control of events: making short selling illegal, is starting to appear in random places, first showing up in Greece, and now in South Korea, where the capital markets commissioner just said no most shorting for 3 months.

South Korea’s Financial Services Commission will also temporarily ease daily limit on amount of shares companies can buy back. This latest short selling ban has put many on edge, and following Italy's move to ban naked short selling several weeks ago it is now expected that at least several more European countries will follow in these footsteps, further eliminating price discovery and destabilizing market confidence and more.
http://www.zerohedge.com/news/south-korea-joins-greece-banning-short-selling

Japan econmin: should think more about QE steps
Japanese economics minister Kaoru Yosano said on Tuesday that Japan should give more thought to the range of quantitative easing steps it uses, as the country struggles to deal with a strong yen.

"We need to consider whether we can give somewhat more thought to the range of quantitative easing (steps used in Japan)," he told a news conference.

He also warned that economic risks are on the rise globally, adding that the global economy could fall into an emergency situation if governments take the wrong course on policy. (Reporting by Yoko Kubota; Editing by Joseph Radford)
http://uk.reuters.com/article/2011/08/09/japan-economy-yosano-idUST9E7J100I20110809

Next wave
http://intheendwerealldebt.blogspot.com/2011/08/next-wave.html

Clearly our master all over the world indeed are very keen to give away our money for free in order tro "save the world from disaster". As a thank you very much then the taxpayes are given austerity withing just a very short while thereafter.

Thats whats now on the verge to happen in the US as well as even in Germany (if this EFSF idiocracy is allowed to continue there). The Japanece QE has resulted in several decades of decay. And yet theire politicians are eager to pump out more.. of their citicens money.

The QE game actually was invented in Japan and now its coming back home again to roost.