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/
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