onsdag 29 februari 2012

Ross Ashcroft - Four Horsemen

The modern day Four Horsemen continue to ride roughshod over the people who can least afford it. Crises are converging when governments, religion and mainstream economists have stalled. 23 international thinkers come together and break their silence about how the world really works and why there is still hope in re-establishing a moral and just society. Four Horsemen is free from mainstream media propaganda, doesn't bash bankers, criticize politicians or get involved in conspiracy theories. The film ignites the debate about how we usher a new economic paradigm into the world which, globally, would dramatically improve the quality of life for billions. Written by Anonymous (IMDB)

Four Horsemen - Official Trailer I

Four Horsemen - Official Trailer II

Max Keiser - On The Federal Reserve

John Perkins - on Secret Empires

Simon Johnson - on Starting a Revolution

Herman Daly - on Globalisation

torsdag 23 februari 2012

Tsunami of debt: Japan faces costs of credit

While the world’s attention has been focused on the eurozone debt crisis, Japan’s borrowing has hit a record high of 235% of the country’s GDP. The prospect of going down credit rating ladders as its debt costs increase is hanging over the country.

Dr John Hagelin


onsdag 22 februari 2012

Greek Junk: Condemned to slow death

Greece has just been thrust further into junk status by the Fitch credit rating agency, which is predicting a Greek default very soon. That as the government in Athens rushes through its most punishing package of cuts yet. They're a precondition for the next 130 billion Euro bailout - which will be handed over once Athens yields to the last of the EU's demands. But unions, weary of years of austerity, are already mobilising for new rallies. Today and tomorrow - it's expected that thousands will surround the Greek Parliament. For more on what they may, or may not achieve, RT talks to George Katrougalos, lawyer and professor of constitutional law, live from Athens.

Eckhart, Could you elaborate on ego versus healthy self-esteem?

Fun last minute..

Eckhart describes how life can certainly be more pleasant with a good measure of self-esteem, but ultimately freedom comes by transcending form entirely.

Greek bailout not the rescue it seems

Why is this called a Greek bailout when in fact its a handout to the foregin banks?

To start with, the bailout is not for Greece, but for German, French and other foreign banks who willfully abandoned due diligence to buy more Greek debt than any financial analyst would have thought the country could sustain.

The 130 billion euros ($171.9 billion) in aid agreed to by Europe’s finance ministers in their marathon session will go into a managed account to make sure it goes directly to Greece’s creditors when their bonds fall due.
MarketWatch’s full coverage of the Greek deal.

The agreement was made possible when the Greek Parliament a week earlier approved a package of draconian austerity measures, which they, as well as the European finance ministers who insisted on it, know they will never be able to deliver.


Austerity Anger: Cops lash out at cuts protests in Spain

The streets of Spanish cities become a battlefield as tens of thousands of schoolchildren and students have been protesting against education cuts. The demonstrations turned violent earlier this week in the city of Valencia where 17 people were injured in what's been called a 'heavy-handed repression' of the rally. Five days of protests have been sparked by the latest budget cuts implemented to meet tough EU deficit targets.

Petrol Panic: UK tanks hit by Iran oil ban backfire

The UN nuclear watchdog says its two-day mission in Iran has failed to produce a definitive result in clarifying the purpose of Tehran's controversial nuclear programme. The IAEA adds that this is due to its team not being allowed to visit a key military site. Tehran - which insists its activities are purely peaceful - in turn says the agency's second visit in less than a month was for talks and not inspections. The Islamic state has also reiterated its readiness to return to the negotiating table. The failure of the IAEA mission might pave the way for more sanctions against Tehran - but previous experience shows that such penalties often end up hurting the countries imposing them, as RT's Ivor Bennet reports.

Ron Paul: US is slipping into a fascist system

The Arizona and Michigan primaries will kick off next week and the GOP candidates are gearing up for another dramatic day at the polls. Over the weekend, Ron Paul addressed a crowd in Kansas City, Missouri and warned that the US is slipping into a fascist system. Paul continued to inform the public of the relationship between government and big business and how this collaboration is infringing on civil rights. Lew Rockwell, chairman of the Ludwig Von Mises Institute, joins us to explore Paul's statements.

SOPA bill takes on new name in the Senate

As US Debt To GDP Passes 101%, The Global Debt Ponzi Enters Its Final Stages

Today, without much fanfare, US debt to GDP hit 101% with the latest issuance of $32 billion in 2 Year Bonds. If the moment when this ratio went from double to triple digits is still fresh in readers minds, is because it is: total debt hit and surpassed the most recently revised Q4 GDP on January 30, or just three weeks ago. Said otherwise, it has taken the US 21 days to add a full percentage point to this most critical of debt sustainability ratios: but fear not, with just under $1 trillion in new debt issuance on deck in the next 9 months, we will be at 110% in no time. Still, this trend made us curious to see who has been buying (and selling) US debt over the past year.

The results are somewhat surprising. As the chart below, which highlights some of the biggest and most notable holders of US paper, shows, in the period December 31, 2010 to December 31, 2011, there have been two very distinct shifts: those who are going all in on the ponzi, and those who are gradually shifting away from the greenback, and just as quietly, and without much fanfare of their own, reinvesting their trade surplus in something distinctly other than US paper. The latter two: China and Russia, as we have noted in the past. Yet these are more than offset by... well, we'll let the readers look at the chart below based on TIC data and figure out it.

Financial Fascism? 'Greeks should revolt against debt slavery!'

It's been a tough night in Brussels where Eurozone ministers have reached a deal on a second bailout for Greece. It took them several hours to agree on the one-hundred-and-thirty-billion euro cash injection, expected to save the country from default. Earlier the Greek Parliament went through a storm of public outrage and several internal conflicts to approve the austerity measures demanded by international creditors.

Nigel Farage: Greece in eurozone was a mistake (mars 2010)

Simon Dixon Addresses The Next Generation Of Banking Leaders

Simon Dixon addresses the next generation of banking and finance leaders as part of his presentation on why so many students and graduates are struggling right now and how they can turn their career around by thinking beyond banking careers and more towards banking reform.

Bill Still's Speech at Bromsgrove 2010


Bill Still Interviews Simon Dixon On Monetary Reform

tisdag 21 februari 2012

DIRTY LOOPS Circus (Britney Spears cover)


"The Secret of Oz" trailer

"The Secret of Oz" (www.secretofOZ.com) directed by award winning filmmaker, Bill Still, (1995, "The MoneyMasters). The only fix for the economy is to eliminate the national debt -- NO MORE NATIONAL DEBT. But how can we do that? The national debt is increasing at an alarming rate. That's the secret embedded in the book version of the beloved children's story, "The Wizard of Oz". "The Secret of Oz" has won the Silver Sierra Award at the Yosemite Film Festival and the Award of Merit at the Accolade Competition. It premiered it the Louisville International Film Festival on Oct. 2 and has won at 3 other film fests. Join our British Forum at:Unemployment hit 10.2% here in the U.S. last week, but there is a way to fix this -- only ONE way. This can work for any nation on earth. Join our Forum at: http://z6.invisionfree.com/Bill_Still_Reforum/index.php?


How Greece Could Take Down Wall Street

It is the “contagion,” however, that seems to be the concern. Players who have hedged their bets by betting both ways cannot collect on their winning bets; and that means they cannot afford to pay their losing bets, causing other players to also default on their bets. The dominos go down in a cascade of cross-defaults that infects the whole banking industry and jeopardizes the global pyramid scheme. The potential for this sort of nuclear reaction was what prompted billionaire investor Warren Buffett to call derivatives “weapons of financial mass destruction.” It is also why the banking system cannot let a major derivatives player—such as Bear Stearns or Lehman Brothers—go down. What is in jeopardy is the derivatives scheme itself. According to an article in The Wall Street Journal on January 20th:

Hanging in the balance is the reputation of CDS as an instrument for hedgers and speculators—a $32.4 trillion market as of June last year; the value that may be assigned to sovereign debt, and $2.9 trillion of sovereign CDS, if the protection isn't seen as reliable in eliciting payouts; as well as the impact a messy Greek default could have on the global banking system.

måndag 20 februari 2012

Unleashing the Power of the God Code


square root of one percent


David Lynch on Consciousness, Creativity and the Brain (Transcendental Meditation)

'Greece doomed, economy total farce & fiction!'

The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens. ­The lawmakers voted early Monday in favor of the bill that will cut 15,000 public-sector jobs and lower the minimum wage by 20 per cent. Patrick Young, from investment consultants, DV Advisors, says whatever happens in Greece, there's no saving it from a collapse that will be felt across Europe.

What's My Debt, Dad? 'Greece left to beg for pocket money'
Short of saving Greece from a financial abyss, investment advisor Patrick Young is one of those who thinks the country's supposed salvation at the hands of the EU will leave it more or less powerless.

I estimate that the ANE decline rate will accelerate to between 5%/year and 8%/year in the 2010 to 2020 time frame

“The actions by many OECD countries aimed at encouraging consumption in the face of declining available global net oil exports can be seen as the OECD 'Thelma & Louise' Race to the Edge of the Cliff.

I suppose that the ‘winner’ could be viewed as the first country that can no longer borrow enough money, at affordable rates, to maintain their current lifestyle. So, based on this metric, Greece would appear to be currently in the lead, with many other countries not far behind them.”

I suspect that we will see a continuation of this trend, as more countries are unable to borrow enough money, at least from non-central bank sources, to fully fund their deficit spending. As this trend continues, I have concluded that there may be a global shortage of calculators, because most of the world seems either unable or unwilling to subtract domestic oil consumption numbers from domestic production numbers in oil exporting countries, in order to derive net export numbers, which are calculated in terms of total petroleum liquids.

While it is true that the EIA shows that total liquids production worldwide, inclusive of low net energy biofuels, increased at 0.5%/year from 2005 to 2010, the use of a calculator shows that the global supply of net oil exports available to importers other than China and India (what I call Available Net Exports, or ANE) fell at 2.8%/year from 2005 to 2010.

I estimate that the ANE decline rate will accelerate to between 5%/year and 8%/year in the 2010 to 2020 time frame.”em>

Jeffrey J. Brown is the creator of the Export Land Model and a Member of ASPO-USA’s Board of Directors

J.P. Morgan expects Brent crude to rise to $118/bbl in 2012

SINGAPORE, Feb 20 (Reuters) - J.P. Morgan Chase raised its 2012 price forecast for Brent crude by $6 to $118 a barrel on supply risks in key producing countries and underperformance in new frontier areas. The bank also raised its 2013 forecast for Brent to $125 a barrel, up from $121, analysts led by Lawrence Eagles said in a research note dated Feb. 19. (Reporting by Florence Tan; Editing by Himani Sarkar)

Ordinary Greeks battle the debt crisis.

As the economic crisis take hold of Greece, ordinary people struggle stress and anxiety as they go about their lives.

No more oil for Britain: Iran

Britain faces the danger of fuel chaos as it will be deprived of the Iranian oil after the Islamic Republic announced plans to put an end to its oil exports to Britain and France.

As Iran’s Ministry of Oil has confirmed that Iran will stop its oil exports to Britain and France, the fuel price in Britain is expected to rise to record levels.The news comes as oil prices hit a six-month high with the price of Brent crude reaching USD 120 a week after Iran warned about halting oil exports to the European Union states.

Furthermore, less than one week after the EU countries announcing an upcoming embargo on Iran’s oil exports by July 2012, the average price of petrol across Britain rose to 134.03p per liter (from 133.89p) with the price of diesel rising to 142.32p per liter (from 142.21p).

The Coryton refinery on the Thames suspended its supplies as its insolvent owner Petroplus filed for bankruptcy.The Daily Mail reported “queues at the pumps and soaring prices” as the newspaper warned that Britain’s “petrol pumps began to run dry.”Recent news about Iran stopping its oil exports to British and French companies have resulted in serious implications for the British government as soaring prices and petrol shortage would be felt soon.

Iceland's Viking Victory

Congratulations to Iceland.

Fitch has upgraded the country to investment grade BBB – with stable outlook, expecting government debt to peak at 100pc of GDP.

The OECD's latest forecast said growth will be 2.4pc this year, after 2.9pc in 2011.Unemployment will fall from 7pc last year to 6.1pc this year and then 5.3pc in 2013.The current account deficit was 11.2pc in 2010. It will shrink to 3.4pc this year, and will be almost disappear next year.

The strategy of devaluation behind capital controls has rescued the economy. (Yes, I know there is a dispute about exchange controls, but that is a detail.) The country has held its Nordic welfare together and preserved social cohesion. It is slowly prospering again, though private debt weighs heavy.Nobody is forcing the elected government out of office or appointing technocrats as prime minister.

The Althingi sits untrammeled in its island glory, the oldest parliament in the world (930 AD).The outcome is a vindication of sovereign currencies and national central banks able to respond to shocks.The contrast with the unemployment catastrophe and debt-deflation spirals across Europe's arc of depression is by now crystal clear. Those EMU shroud-wavers who persist in arguing that exit from the Europe would be suicidal will have to start coming up with a better argument.Is it now so clear the Iceland will join the EU and the euro? Don't bet on it.'

Here is the Fitch text:

Icelandic Anger Bringing Record Debt Relief in Best Crisis Recovery Story

Iceland Did ‘The Right Thing" Defaulting

World Crisis Radio Special Broadcast

World Crisis Radio Broadcast: Iran Offers Negotiations; Panetta Admits Tehran Has No Nuclear Weapons Program; Al Qaeda Leads NATO’s Syrian Death Squads vs. Assad; US Mounts False Flags; General War in Sight

söndag 19 februari 2012

PIIGS debacle will highlight the risk aspect of sovereign states financing

In the old days the bond markets used to be the real safe haven for investors. Solid returns on risk free papers. The basic logic here is - anyone lending to a sovereign state will never lose money as there always is this wonderful resource to tap out. You know that aspect of a free market apparently everything hinges on – the taxpayer.

The taxpayer not only guarantees your investment as a bond investor it also guarantees all needs to save a financial sector in need via bailouts. And in this frenzy to privatize sure enough the financing of these sovereign states has been 100%last couple of decades via the private finace sector. This as in the US via the implementation of the FED and also in Europe via the so called Maastricht criteria whereby sovereign states not are allowed to create their own credit (without interest).

Instead all central banks merely act as lobbyist for the private commercial banks as it is to them they turn in order to finance their debt and in that process then all are charged with interest. Only issue here and now is that were in the midst of a process that ultimately will result in that the basic foundation making all of this possible – the taxpayer – start to or in many cases already has been more than tapped out. Tax payers in OECD countries are totally not only burdened with massive amounts of private debt but in addition to this they are all citizens of sovereign states all carrying what only can be described as utterly insane levels of debt.

In short the tax payer is no longer physically able to guarantee any further amounts of debt and thus as credit agencies downgrades the ratings for sovereign stated the interest burden of each country increases.

Enter austerity. But even here it is becoming evident that you can not in any way possible save your way out of a debt burden as the social costs and given the amounts of debt and the debt saturation currently at hand. Its also becoming evident the outright looting that is unfolding in front of our eyes as the private financial sector now with all means possible tries to grab all tangible assets worth mentioning from these debt burdened citisens as well as countries. These assets then are in all cases assets owned and already paired for by the taxpayers.

So the taxpayer that already paid for e.g. their utility company via tax funding is now as he as a taxpayer has been the guarantee for the private financial sectors excessive lending without any limit finding himself in a situation of being dumped upon all the debt as well as ripped of all his assets.

Given all of this the risk for sovereign states to involve the private financing industry in any aspect of their future financing will simply become political suicide. What this financial crisis thus has unveiled is the extent to witch the looting has been going on. As long as it quietly was made and then without any excesses these hidden costs has now and with the crises been brought out in bright daylight evident for all to see.

As sovereign states now one after the other, and as the tax payer will be unable to either carry any further debt and at the same time will revolt politically against them doing so, will default it will become evident for all in the private financing sector the actual risk in the bond markets.

And this now is a risk that will be highlighted to such extent e.g. via hiked interest rated that it will become evident for everybody, financing of a sovereign state cannot be made via the private finance sector.

So when all current debt will be cleared of by simple accounting methods (you cannot pay what is impossible to pay) and where more and more people will see the benefit of following Island example of simply refusing to pay the foreign banks and not allowing then to steal their recourses and wealth in bright day light, no body politically sane will look at the private financing industry for funding.

With this then sovereign states will start to implement one after the other financing solutions based on the principle they themselves create their own and interest free credit as a means to fund real infrastructure large scale project and thus getting their people in real work.

As the amount of interest paid for on the debt will be negligible well then the need for an income tax will be significantly reduced. At the same time with significantely reduced interest charges forcing the ecomomy in to a vortex of inflation ordinary peoples puchasing power will be maintained with a stable currency and at the same time as their savings will be protected.

The end result of all of this then will be people having real work and a prosperous economy as people with incomes will be able to use their income on consumption and savings as they are rebuilding their country infrastructure vice.

Now is the time to follow Jesus example and throw out the money changers out of the temple!

Bill Still

No More National Debt

Stephen Zarlenga
works with Rep. Kucinich on The American Monetary Act, designed to resolve the banking crisis. This clip from a longer film defines 3 steps: In addition to nationalizing the Fed. and removing the power of banks to
create money as debt out of thin air, the Act reminds us of the Constitution, Article I, Sec. 8, that states that our government has the sovereign power to issue money and spend it into circulation. Whatever you think about point 3 - the government could not possibly do any worse than the banks.


In the above Zarlenga discusses the FED relationship vs the Treasurie but rest assured the same kind of issues prevails relative how now central banks act in Europe. Listen here to what proffessor Hudson says at 06:30 about real choises and also at 09:30 about the Maastricht criteria and the ability of European Central Banks to act as Central banks:

lördag 18 februari 2012

2012-02-13 Athens burns: has #Greece entered its Argentina moment?

Yet as the elites persist with their scaremongering just to buy themselves a little more time, at least the 82-year old WWII survivor Stella Papafagou won’t be afraid of the “apocalyptic” consequences that Prime Minister warned of in Parliament today. “We’ve fought several times for liberation,” she told the New York Times. “But this slavery is worse than any other. This is worse than the ’40s. I would prefer to die with dignity than with my head bent down.”

Eckhart Tolle - short but important interview


What happens at the time of death? (Eckhart Tolle)

The Billionaires' Brokered GOP Convention with BBC's Greg Palast

On the Friday, February 17 edition of the Alex Jones Show, Alex talks with bestselling author and freelance journalist for the BBC and the British newspaper The Observer, Greg Palast. He is the author of The Best Democracy Money Can Buy, Vultures' Picnic, and other titles and has appeared in a number of films, including American Blackout, a documentary about voter disenfranchisement and the use of voting machines in both the 2000 and 2004 presidential elections.

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that
controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.


The Goldman Sachs Network Now Controlling Europe

Jim Sinclair: The Impending Undeclared Default Of 5 Major US Bank The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association. This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.

Gold as money a terrible misstake

In a world where fiat currencys are in the process of beeing debased as we speak it may seem they are keeping up their value as the relationship vs another fiat currency may not change that much overtime as they all and together go down in a downwards spiral valuation vice.

In such a world the relative value of commodeties such as e.g. gold is a good investment. This as for instance gold maintains its purchasing value over time and thus protects wealth.

Bottom line and key here is that the driver when Gold is increasing in value is that what actually is happening is that currencys are loosing in purchasing power relative everything else.

"after The Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread.

Ask my mother how much the price of milk has increased just in the last ten years alone.In other words, the value of the dollar remained extremely stable for 150 years, then The Fed was created in order to "stabilize the value of the dollar" and the result has been a 95% devaluation of the dollar in less than 100 years following its creation.

Below is a graph of this history, which I’ve marked with the year 1913 so you can see the change. The graph is also marked with the years of decoupling from the gold standard, as no examination of dollar value would be sound without such mention."

No wander people now are turning to hard assets:


Question then is how should our monetary system be reformed in order to mend
thise issues?

Clear is we must not make the misstake and base a new monetary system on a gold standard because:

in a world ruled by the wealthy money is defines as wealth (e.g. gold)
In a world ruled by the bankers (as we have today) money is defined as credit
In a world ruled by the people and for the people money is defined by law.

The underlying reason for the financial crisis we now see unfolding in all the OECD countries is based on the fact money today is created as debt and as debt saturation now has reached completely unsustainable levels in ALL parts of our society, (private as well as goverment) the economy is now set up for a real crash as we now can
witness there are basically only two options awailabe for the current establishement to try to solve the challange of over in debt ness.

One is austerity to an extent never in fact seen before (the European prefered solution it seems) or extensive money printing as prefered by the US where today ALL of the tax generating incom on an annual basis (some 2 $trillion) is used to back stop new money printing.

Un sustainable as real and viable economic recovery never has been made successfull by reducing a populations standard of living to more or less a stone age level and as getting in to more debt in order to pay off interest of old debt that not is annualised never was a good idea.

Here more about the real viable alternativ to our current debt based system:

Max Keiser interviews Bill Still

Stephen Zarlenga works with Rep. Kucinich on The American Monetary Act, designed to resolve the banking crisis. This clip from a longer film defines 3 steps: In addition to nationalizing the Fed. and removing the power of banks to
create money as debt out of thin air, the Act reminds us of the Constitution, Article I, Sec. 8, that states that our government has the sovereign power to issue money and spend it into circulation. Whatever you think about point 3 - the government could not possibly do any worse than the banks.


In the above Zarlenga discusses the FED relationship vs the Treasurie but rest assured the same kind of issues prevails relative how now central banks act in Europe. Listen here to what proffessor Hudson says at 06:30 about real choises and also at 09:30 about the Maastricht criteria and the ability of European Central Banks to act as Central banks:

Then regarding preciouse metals you then also need to understand the history e.g. as Gold in 1933 actually was confiscated and owning gold by US citicens not allowed again until 1971

You also need to know Silver was included in these events:

1934: In accordance to the Silver Purchase Act of 1934, U.S. President Roosevelt issued executive order No. 6814 to confiscate and nationalize silver, and outlawing private ownership of quantities more than 500 troy ounces.

March 6, 1933: To curb mass panics and bank runs, President Roosevelt declared a four-day Bank Holiday to stop hoarding and export of gold and silver. The "Emergency Banking Act" passed on Day 3 shut down banks, which needed to be deemed "financially secure" to be reopened.


Gold Confiscation: Could it Happen Again?

People who scoff at the suggestion that the government might restrict private gold ownership should remember that many other countries have restrictions on (or absolute prohibitions against) private gold ownership. They should also remember that, 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 33 percent. 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.

Sure is we now have a real monetary crisis world wide and if you want a world where money then in some form would be backed by gold well then what happened above sure could happen again.

By the way there are other ways in order to revalue an asset e.g. by introducing new trading limits and restrictions. In that regards the story about the Hunt brothers sure is worth while reading.

The Hunt Brothers Silver Corner

In the mean time more and more people are now waking up to the fact our current monetary and fianancial system simply isen't worth saving:

The loan sharks are now beating up a poor viktim as an example for all the others

fredag 17 februari 2012

Felix Zulauf on the European Debt Crisis−No Painless Way Out

Money Printing Going Global

Jim welcomes back Felix Zulauf, Founder and President at Zulauf Asset Management AG for another wide-ranging discussion. In the first of a two-part interview, Felix discusses the European debt crisis and believes the bailouts will be bigger than anticipated. He also sees money printing going global as central banks expand their balance sheets to equal or surpass the GDP of their respective countries.

Guest Post: Do We Really Know Greece's Default Will Be Orderly?

"derivates related to bond insurance"... say no more.


Greek 1 Year At 629%, Biggest One Day Jump In Yield Ever

Money printing or Austerity - Really today the only options awailable before the current financial system collapses

Today Egon von Greyerz told King World News that the consolidation in gold is ending and gold will begin a major upside advance starting next week. Von Greyerz also discussed the very serious conditions facing Europe and the United States. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about what is happening: “I’m looking at the world getting more problematic every day. Let us just take Greece as an example. People say Greece is small and it is small, but it’s very significant. You are seeing riots in Greece. Those riots are due to austerity.”

If there is a formal default, there is no option for the banks. Jim Sinclair has been talking about this, US banks are carrying the biggest part of these CDS’s....

“The US banks, in total, have $250 trillion in derivatives. Of the total derivatives, maybe $30 trillion is in the form of credit default swaps. So that would be an absolute disaster for the US banks and for the US economy.
We have pressures coming out of Europe, but in the US we see no austerity whatsoever. What is the US doing? The US is basically increasing their borrowings by $2 trillion per year. $2 trillion is the same as the tax revenue of the US. They are borrowing as much as their tax revenue and they will never be able to repay the debt.

So the US is going in the other direction. No austerity, instead spending themselves into bankruptcy. This will soon have an effect on the US economy, bond market and the US dollar. The fact that the US is not downgraded to junk is just ridiculous. They should be. But of course the rating agencies don’t dare to do that.

We are in a situation that cannot be fixed. It may lead, as I’ve been saying, to a total collapse of the financial system. Before that happens, governments will try to print unlimited amounts of money. This will result in currencies worldwide losing their value and this will be reflected in the price of gold.”

Von Greyerz also added:

“The ECB and the eurozone governments are working on ring-fencing, but you can’t ring-fence these markets. These markets are international and totally interconnected. If Greece defaults, everybody will start attacking the other weak countries.

We are looking here at a situation where it is the last snowflake creating the avalanche. You only need a little bit happening in Greece and it will spread everywhere. If Greece defaults, they can’t ring-fence any other country for more than a short period of time. So they don’t dare let this to happen because it would be catastrophic for the world.

My view remains they will print money because if they fail at that we will have no financial system whatsoever. Printing money will not solve anything, but short-term it will again defer the problem and kick the can down the road.”


Sherry Peel Jackson - Breaking The Invisible Shackles Of The IRS

By Sherry Peel Jackson, Certified Fraud Examiner and Ex-IRS agent. She Challenges all citizens to demand answers from congress about the legality of Federal Income taxes and the Federal Reserve. This is a 2 hour lecture about some of the inner secrets of the IRS, and the fundamental lack of juridical framework that supports it.Read her story here: http://conspiracyplanet.com/channel.cfm?channelid=111&contentid=4480


The CADTM downgrades its IMF rating and places this institution on very negative outlook.

The Committee for the Abolition of Third World Debt (CADTM) has decided to downgrade the IMF’s rating due to this institution’s heavy share of responsibility for the deterioration of people’s living standards in countries subjected to austerity policies it has openly imposed or dictated from behind the scenes. The resulting high levels of unemployment, aggravation of the crisis and the increase in public debt of the States following its counter productive and unjust recommendations justify downgrading the IMF’s rating from NNN to NO- with a further very negative outlook.

IRS Fraud: There Is No Law That Requires You To File A 1040!


Bill Still address the Libertarian Nation on 11 important issues

Jesusmanifestationen 2009 - Göran Skytte


Göran Greider om Jesu uppståndelse

Från Sveriges Radio's P1Teologiska Rummet 31 Okt 2010.
Göran läser ett citat från Majgull Axelsson som är mycket talande.


The loan sharks are now beating up a poor viktim as an example for all the others

Greece now is entering in to a phase of what only can be characterized as extreme austerity. The Greeks are now function on more or less a day by day basis, after having been financially depressed down to a mere survival mode.
Seems totally insane as well as completely illogical as you try to make someone already technically bankrupt and financially totally depressed by extensive over in debt ness take on even more debt while at the same time forcing them to save even more.

If you really want to make a future for these people well then you need first of all to clear off all debt so that you may be able from there to then grow your way out of misery. With an already extensive debt situation getting on even more debt and try to save your way out of your dilemma is not a viable method to solve the issue.

The real underlying problem in fact is not the Greek over in debt ness but that the large worldwide banks in fact already are insolvent and thus technically bankrupt and only made to keep on surviving due to extensive creative bookkeeping measures.

What they then clearly cannot cope with is a default of a country and this then would make it utterly impossible to further delay the unavoidable – a bankruptcy of what in fact is most of our financial system as we know it.

Now if Greece is forced to sell out all its assets well then these insolvent financial institutes will be able to try to exchange what in fact is their toxic waste of humongous and totally, completely valueless paper assets (e.g. Derivatives junk)and replace this with real tangible stuff like e.g. Greek airports, subways, electric grid, water- and sour system etc. Stuff that in fact may also provide some cash flow and earning capacity. So take over the electric grid then hike prices and you may make some money and have som actual wealth in you books as a change for the paper junk you had before.

So clearly that then one drivers behind what’s now going on as all of the earlier publicly owned assets now and as we speak are being transferred to private hands. Shame then for the bank there is one challenge in all of this and that's the people living in Greece that somehow and in a totally wrecked economy somehow then must survive, one way or the other.

As long as there is no real threat to this privatization process it will go on in what then can be described as a chicken race. Grab as much as you can for as long as you can and keep at it until it really is no way you can continue e.g. the host really has no oxygen or blood left in is body. You know even a parasite needs it’s host and somewhere along the line killing it off completely may in fact be contra productive. But until then expect no mercy and expect no forgiveness (in this case debt forgiveness).

Second issue here is that as this already today insolvent finance sector had been forced to take the hit it may survive the blow from a small economy like Greece. But rest assured if Greece will default and is able to get away with it then Ireland will see this also as the only logical next step, as will Portugal, as will Italy as will Spain. There is no way the financial secort will be able such an avalance of defaults.

So now by blocking Greece from defaulting and in the meantime trying to ring fence the negative outcome of a possible Greek default (inevitable) the banks are hoping they will be able to in the meantime not only reduce the risks but also trade of some of their paper junk to real cash flow real worth stuff.

Then when actually Greece defaults as it then becoming evident for all it may not survive at all other vice the indeed chilling message to all other over in debted countries will be “sure you can default but don’t you dare think of it or well totally wreck your economy like we did Greece”.

That’s the way loan sharks go about their business by stating an example beating up a failing lender in front of other possible debt challenged individuals. The real question is why on earth are the, by the people elected politicians in e.g. Germany, in France, in the UK and USA, to this extent trying to save a financial system that anyway cannot be saved?

What’s really in it for them promoting the interests of the finance industry and by doing so clearly then working against the will and what’s best for the people that acually elected them in the first place? Bottom line - who really are our politicians working for?

Mind you all of what now is going on is made possible in the name of democracy. Clearly then this proves how democracy has become just another spin word for oligarchic interest as publicly owned and paid for property is transferred to the private few as we speak.

What is needed in fact is not democracy buy real rule of law! Re-regulatio of the fianancial markets, remove the banks ability to create money and removing the Maastricht Clausul restriction on Central Banks thus allowing them to issue a soverig states own money without any interest.

In short whats needed now is rule of law and a monetary reform. Democracy however without it is something you can store in what then will become a historical dust bin of feodalistic fachisem.

Iceland Did ‘The Right Thing" Defaulting

The Greek Experiment

Michael Hudson: Greek crisis used to find out how far finance can drive down wages and privatize

torsdag 16 februari 2012

While You Were Sleeping, Central Banks Flooded The World In Liquidity

There are those who have been waiting to buy undilutable precious metals in response to a headline announcement from the Fed that it is starting to buy up hundreds of billions of Treasurys or MBS. This is understandable - after all that is precisely the trigger that the headline scanning robots which account for 90% of market action in the past year are programmed to do. And the worst thing that one can do is put on the right trade at the wrong time. Yet it may come as a surprise to some, that while the world was waiting, and waiting, and waiting, for Bernanke to hit the Print button, virtually every other central bank was quietly unleashing it own mini tsunami of liquidity.

In fact, as Morgan Stanley puts it, "the Great Monetary Easing Part 2 is in full swing." But wait, there's more: in an Austrian world, where fundamentals don't matter and only how much additional nominal fiat is created is relevant, it is sheer idiocy to assume that the printers will stop here... or anywhere for that matter. They simply can't, now that the marginal utility of every dollars is sub 1.00 relative to GDP creation. This means that by the time the Global Weimar is in full swing, we will see much, much more easing. Sure enough, MS anticipates an unprecedented additional round of easing in the months ahead. So for those waiting to buy gold et al at the same time as DE Shaw's correlation quants do, the time will be long gone. Because slowly everyone is realizing that it is not the Fed that is the marginal creator of fake money. It is everyone.

Behold, the Great Monetary Easing part 2:


Jim Sinclair: The Impending Undeclared Default Of 5 Major US Bank
The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association. This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.


A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January. The Slog has separate but corroborative sources affirming the existence of the document, and a conviction among senior bank staff that – at least at the time – the plan represented “a timetable, not a contingency”. The plan gives a firm date of March 23rd for default to be announced after the close of business.

In the last three weeks, several EU officials have pumped out the line – over and over again – that Greek default is no longer the bogeyman people thought it was….or to be more precise, they told us it was. “It would have led to a credit crunch immediately and hurt us all,” said a senior eurozone official. “Now, the odds [of such a catastrophic impact] are something like 10-20%. It’s still possible, but it’s not a certainty.”


Nigel Farage, "I think we're heading for a revolution of some kind in Greece"

Financial Holocaust looms

Then regarding the supposed "contained" Greek default.., Well I actually have my doubts..

First of all who was it that talked about "contained" a while ago?

Then how do you actually contain something you do not know where it is or how much..?

Iceland Did ‘The Right Thing" Defaulting

A&G's AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer
Allianz Outlook To Negative


Lastley possibly this is THE issue.related a a Greek default.?

As I have repeatedly said the problem is not, in the main, Greece. It is that Italy, Portugal, Ireland and perhaps others will demand the same thing when Greece defaults, especially if they "get away with it", and it is nearly-certain (absent armed intervention) that they will.

The Corporate 1 Percent: Just 147 Companies Control 40% of Global Economy

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

147 företag styr allt

Bilden här ovanför ser ut som ett konstverk men är en modell över världens största företag.

Ju större prick, desto större företag. Det intressanta är trådarna mellan prickarna.

Världens stora företag hänger nämligen samman. Det är inte konkurrerande intressen som styr världen utan allt är ett enda gigantiskt nätverk av gemensamma styrelser, gemensamt ägande och gemensamma intressen.

De stora bolagen är helt enkelt ett till antalet mycket litet men i makt stort särintresse.

147 företag visar sig vara den största maktkoncentrationen vi har. De styr världen.

Men deras agerande styrs inte av politiska program eller öppet diskuterade åsikter. Det styrs av en ständig jakt på ökad vinst och ett ständigt försvar av den makt och det ägande man redan har.Lägger vi samman storbolagen får vi bilden av en gemensam varelse, en slags entitet.

Den visar hur fel det är att tro att det finns en fungerande marknad eller ens en fri konkurrens. Det blir tomma ord i en värld där några äger alla makt över företagen gemensamt.

Finns det svenska "ekonomic hit men" ?

Läs mina inlägg nedan ffa om hur det gick till när den Svenska finans marknaden avreglerades och sedan även lyssna till John Perkins det han berättar om sk "Ekonomic hitmen".

Fundera sedan på om du ser några likter i ex hur Anders Sahlén som var kanske en av de mest drivande på Riksbanken men även hur Erik Åsbrink agerat/agerar hur de ev i så fall kan passa in i detta mönster. Finns det något som stämmer överens eller är det bara innbillning?

Feldt, Åsbrink and Dennis - “The Committee to Save Sweden”.

Economic Hitman reveals shocking truths about the Government

Sveriges Riksbank

Det framkommer klart och tydligt att den Svenska Riksbanken var mycket drivande gällande att hålla förberedande arbetet kring avregleringen av den svenska kreditmarknaden 1985 från den politiska beslutsprocessen och dagordningen. Lika angelägna och centrala har man sedan även varit relaterat till att verkligen se till att avregleringen till sist blev verklighet och trädde i full kraft.

Lika noterbart var hur fullständigt ointresserade Riksbanken varit med att sedan löpande förse våra folkvalda med relevant information gällande avregleringens omedelbara och lånsiktiga reusultat och konsekvenser.

Det är anmärkningsvärt vilken enorm politisk kraft det visat sig att Svenska Riksbanken har och hur man från bankens sida i realiteten varit den som dikterat Sveriges framtida politiska inriktning.

Lika besynnerligt är det när man sedan tar del av hela historien kring Riksbankens Ekonomi pris eller som det helt grundlöst kallas i dagligt tal Nobels Ekonomi pris.

Nobelpristagare i Ekonomi 2003 var Robert Engle och Clive W. J. Granger som räknade ut matematiska tabeller som användes för att kalkylera riskantaganden för finans marknaden;

" Engle developed the mathematical models that were used by the financial engineers to develop the CDOs and related instruments that created the credit bubble".

Modellerna började användas i stor skala av banker och värderings institut med resultatet att man räknade risken och täckningsgrader på ett sätt där dessa helt undervärderades.

Orsaken visade det sig är att man i Nobel pristagarnas modeller antagit en allt för kort tidsserie som dessutom var en exeptionell uppgångsfas. Tar man istället i beaktande verkligheten under längre tidshorisont har man även på finans marknader värderings fluktuationer och detta avspeglar sig då på hur stor risk man bör ange ett visst lån och avsättningar för risk vid packering av finansiella instument.

Så med altför snäva och positiva antaganden, orealistiska tidsserier baserade på exeptionell expansiv period fick banker och bostads institut världen över mandat att basera sina lånekriterier på.

Den akademiska värdens teoretiska modeller gas med detta Nobelpris finans markanden ett veritabelt carte blanche för vettlös utlåning när innebörden av risk eleminerades till ett absolut minimum.

Resultatet ser vi nu där sk "ekonomer" med icke verklighets förankrade matematiska modeller lyckas att skada den reala ekonomin å det grövsta.

Tacka Svenska Riksbanken för det!

Nobelpristagarna behåller äran och pengarna medans hela värdsekonomin drabbas och skattebetalarna världen över förlorar sina jobb och riskerar sin välfärd.

Samtidigt kan man dock notera att om det är någon teoretisk "role model" som Svenska Riksbanken och Finansdepartementet använt sig av i samband med svenska finans avregleringen så är de ekonomiska teorier som 1976 års Nobel Pristagare Milton Fridman utvecklat mycket överensstämmande. Det är även så att om ndet nu skulle varit så att vissa haft intressen av att förändra samhället i en viss rikting så bör man även här och då främst genom undersökande journalisten Naomi Kleins arbete undersöka syfte och mål gällande Fridmans sk "Chock Teori". Mer om detta hittar ni i avlutande länkar i sista länken nederst i detta inlägg.

Hög tid nu att skrota det falska "Nobel" priset. Skall man nödvändigtvis ha ett ekonomipris som betalas av Riksbanken (svenska skattebetalarnas pengar, inte Nobels) så bör man istället kallde det för just Riskbankspriset och inte alls ha några samband med Nobel festiviteterna.

Men frågan är varför svenska skattebetalera skall betala ett sådant pris? I realiteten gavs med Fridmans Nobelpris 1976 i kombination med Nobelpriset 1985 alla de "verktyg" som behövs för att omforma en värld i enlighet med den finanskris vi nu ser i full färd att sätta land efter land i socialt kaos.

Vi svenska skattebetalare har därmed med våpra skattepengar indirekt orsakat allt detta. Vill vi riskera något liknande igen? Om nej så skall Nobelprioset i Ekonomi ut ur Nobelfestligheterna redan till nästa år.

Sedan bör man även beakta det faktum att Milton Fridman ansåg att det monetära systemet måste reformeras och att det var tvåt grundläggande åtgärder som behövdes för att verkligen kunna åstakomma detta. Dokumentär filmaren Bill Still (som bla gjort "Trollkarel från OZ", samt "The Moneymasters") har beskrivit detta och även en interview med Fridman i sitt material.

Ingen verklig och långsiktigt hållbar reform av det monetära systemet är möjlig om inte:

1.Centralbanker tillåts att agera centralbanker så som det var tänkt genom att i egen regi och utan privata intressen skapa egna pengar. I USA måste FED i om detta inkorporeras i den sk Treasury och I Europa skall det sk Maastricht Criteria clausulen avskaffas.
2. Banker skall icke tillåtas att själva skapa pengar genom kredit utan de skall endast kunna låna ut de pengar de har.

Brilliant Nobel Prize winners in Economics blame credit bubble on "the news"

"I samband med Riksbankens 300 årsjubileum 1968 instiftades ett pris. Priset fick namnet Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, men kallats idag för Nobel priset i ekonomi."

"I Alfred Nobels testamente står det att Nobelpriset skall delas ut varje år i följande ämnen: fysik, kemi, fysiologi, medicin, litteratur och fred. Ekonomi står det ingenting om."

"Priset delas ut på samma gala som dom andra och den innehåller samma prissumma. Enda skillnaden är att det är Riksbanken inte Nobelstiftelsen som betalar ut prissumman."


Feldt, Åsbrink and Dennis - “The Committee to Save Sweden”.

Feldt, Åsbrink and Dennis - “The Committee to Save Sweden”.

Dokument Inifrån - Novemberrevolutionen
Den här filmen handlar om Sveriges okända statskupp. Den genomfördes den 21 november 1985 av en liten grupp sammansvurna och förändrade i grunden den ekonomiska politiken i Sverige.

Feldt, Åsbrink, Dennis och en grupp tjänstemän, däribland Anders Sahlén, bestämde att kreditmarknaden skulle avregleras. Kruxet var att göra det utan att någon la sig i. Därför hölls beslutet utanför riksdagen och all form av
offentlighet.Vissa debattörer har påstått att det inte skedde i sekretess men Kjell-Olof Feldt sa ju rakt ut i en intervju 2004 i Dan Josefssons dokumentär "Novemberrevolutionen" att frågan hölls inom en liten hemlighetsfull krets inom finansdepartementet. Han kunde däremot inte svara på varför.


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“The Committee to Save the World”.

The Warning

Erik Åsbrink joins Goldman Sachs as International Advisor

The Goldman Sachs Network Now Controlling Europe

Naomi Klein: Disaster Capitalism

The Shock Doctrine
The book traces its origins back fifty years, to the University of Chicago under Milton Friedman, which produced many of the leading neo-conservative and neo-liberal thinkers whose influence is still profound in Washington today.

The euro convergence criteria (also known as the Maastricht criteria)

Remember if Greece from now on should not be able to pay then the IMF unconditionally according to the agreement signed by the Greek parliament are allowed to confiscate ALL of Greece assets. Greece today have no national sovereignty of either of its assets nor its human beings, its population.

In addition they are NOT allowed to according the same agreement to take any other loans anywhere else but via IMF.

Hotspots: Greece (1/2)
Listen at 03:07

Hotspots: Greece (2/2)
Listen e.g at 04:30, and at 06:17

Then you need to understand there is a way:

Listen here to what proffessor Hudson says at 06:30 about real choises and also at 09:30 about the Maastricht criteria and the ability of Central Banks to act as Central banks

The euro convergence criteria (also known as the Maastricht criteria)

One can but wander what former Swedish Social Democratic Finance minister and member of the board of the Swedish central bank Erik Åsbrink now is instigating against Sweden and its wellfare state (what is left of it) as he now has joined the ranks of Goldman Sachs given what now has surfaced they (Goldman) so thoroughely managed to pull through against Greece..? What kind of advice is he now as an advisor and given his indeed very deep insight of the Swedish economy providing Goldman with?

Erik Åsbrink joins Goldman Sachs as International Advisor

The Goldman Sachs Network Now Controlling Europe

By the way Erik Åsbrink is married to a former Communist and now active representative of the Social Democratic party, Ylva Johansson. She is stated to belog to the left wing falang of the social democrats. And as it happens she was one of the most active and certainly one of loudest critics of the just resigned head of the Social Democratic party Mr Juholt.

Here something that might give you a clue via a Swedish documentary all about how the deregulation of the Swedish financial markets came about:

One can but wander how these people manage to sleep at night..?


De fyra svenska storbankerna gjorde en sammanlagd vinst på 59 miljarder kronor i fjol och kritiseras av finansminister Anders Borg för bristande samhällsansvar.

”Den här debatten känns jättekonstig”, säger Anders Sundström, vd för Folksam som är största ägare i Swedbank, till Dagens industri.

Häromdagen sa Anders Borg att bankernas vinster är provocerande höga och förklaringen är räntenettot, att skillnaden mellan in- och utlåningsräntan har stigit.

På bankerna är missnöjet stort.

”Bankerna levererar inte högre avkastning är snittet för de stora företagen”, säger Anders Sundström till Dagens industri, och avslutar:

”Jag önskar att regeringen inte bara skällde på bankerna utan ägnade tiden åt vad man från politiskt håll kan göra för att den finansiella sektorn ska växa.”


Och det är alltså den här sektorn och dessa aktörer som Folksams VD förre socialdemokratiske ministern och riksdagsledarmoten Anders Sundström nu vill skall få ännu mer inflytande:

The Ring of Fire

Och här har vi en annan Socialdemokrat som öppen visar vems intressen han egentligen verkar för.

The Goldman Sachs Network Now Controlling Europe


A&G's AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer Allianz Outlook To Negative

For a while now we have said that the very weakest link in Europe is not the banks, not the ECB, not triggered CDS, and not even the shadow banking system (well, infinitely rehypothecated Greek bonds within a daisychain of broker-dealers, which ultimately ends up at the ECB at a negligible repo discount, that could well be the weakest link - we will have more to say about this over the weekend) but two very specific insurers: Italy's mega insurer Assecurazioni Generali, which at last check had more Greek bonds as a % of TSF than anyone else, and Europe's biggest insurer and Pimco parent, Allianz, which is filled to the gills with pretty much everything (for more on Generali, or as we like to call it by its CDS ticker ASSGEN read here, here, here, and here).

Well, Moody's just gave them, and the entire European space, the evil eye, and soon the layering of margin calls upon margin calls, especially if and when Greece defaults and a third of ASSGEN's balance sheet is found to be insolvent, will make anyone who still is long CDS those two names rich. Assuming of course the Fed steps in and bails out the counterparty the CDS was purchased from.

Here is the only chart one needs to know why ASSGEN will likely not be writing life insurance on itself

Don't worry though, those who don't understand jack shit will tell you it is all contained. But please ask them why - and ask them why Lehman wasn't when everyone said it too was.

In other words, it would take just a 4% impairment on the value of the held bonds for the tangible common to be wiped out. Or, looked at another way, assuming 28% of the FI portfolio is in Italy, if the €73 billion in implied Italian bond holdings were to decline by 14%, all else equal, the same end result would be achieved. This is precisely what the market is starting to realize.

Keep in mind ASSGEN is only one tens if not hundreds of comparable insurance companies, the bulk of whose assets are invested in sovereign debt, and confirming just why even the smallest dip in Euro bond price levels will set off a contagion across Europe that will make the Lehman bankruptcy like a walk in the park, and why very soon Europe will have to reach out and rescue not just banks, but insurance companies, then reinsurance, then all feeder companies, and so on, until all of Europe has to be backstopped by the ECB, and thus the Fed.

onsdag 15 februari 2012

Farage: Globalist Troika Driving Greece Towards Violent Revolution


Russia Dumps Treasurys For 14 Consecutive Months; China Slashes Holdings To Lowest In Over A Year

Today's disappointing TIC report confirmed what Zero Hedge reported back in January, namely the record dumping of Treasurys by foreign entities as tracked by the Fed's custodial account. And while we will spare you the details of the report (found here), two things bear pointing out: the very demonstrative selling of US paper by Russia continues, and is now in its 14th consecutive month (as has been reported here consistently), as total USTs in Putin's possession declined to a fresh multi-year low of $88.4 billion, half of the $176 billion in October 2010. Also confirming that the Asian anti-USD axis is now one which consists of at least Russia and China (and certainly Iran), was the stepwise dump of US paper by Beijing which sold $32 billion in US bonds in December, bringing its total to a new post 2010 low of $1100.7 billion. And lastly, this was not isolated to just these two: in December the grand total of US Treasury holding by foreigners declined from $4.75 trillion to $4.732 trillion. The question then is: just what are China and Russia buying (ahem stockpiling) with all the dollars that are not recycled back into Treasurys?em>


“The Committee to Save the World”.

These three men were given a nickname by TIME magazine when they were featured on the Cover of the February 15th, 1999 edition; they were called “The Committee to Save the World”.

Today February 15th 2012 - on the day 13 years later we now face the result of what these three men did.

All of this is relevant for the following reason; these men, who helped destroy the United States economy, are primarily the people Obama selected not only for key posts in his Treasury Department, but also as his economic advisers. In fact, Larry Summers is Obama’s chief economic adviser! Alan Greenspan was a part of Obama’s “transition team” and Robert Rubin remains an economic advisor to Barack Obama. In addition to the “Committee to Save the World” Barack Obama’s cabinet appointments read like a “who’s who” of Wall Street Elite.

Timothy Geithner, the former Chair of the Federal Reserve Bank of New York, is now the Treasury Secretary, and despite Obama’s campaign promise not to hire lobbyists, Timothy Geithner`s Chief of Staff is Mark Patterson, a former lobbyist for Goldman Sachs. And who took Tim’s old job at the New York Fed? Well that would be William. C. Dudley, a former economist from Goldman Sachs.

The fact that the very same criminals who destroyed the economy, financed the campaign of a supposedly liberal democratic President to “fix” the policies of “deregulation” and “change the culture on Wall Street” is in and of itself a form of corruption and fraud. Noam Chomsky, in an interview with Paul Jay of the Real News Network, recently said most polls show “that a majority of Americans believe their government is run by a few special interests groups and does not represent them.” That’s what is so bizarre. The fraud and corruption has become so common-place, no one even expects otherwise at this point.

So, The Committee to Save the World has been plucked out of retirement, and it does not take a genius to see how the world is doing.Riots in London and Greece. Labour protests in Madison, Wisconsin. Revolutions in Egypt and Tunisia. Uprisings in Syria. Tent Cities in Tel Aviv protesting housing prices. Collapses of the banking system in Iceland and Ireland. The United States’ credit downgrade.

Question is - do you feel saved...?


The "Own Your Own House Scam"

Isen't there a pattern somwhere...?

Given now how devastating these lending frenzys and housing bubbles are to the working people and the real economy - why on earth have politicians promoted so extensively the "dream to buy you own house"? Sure that was one of both Reagans and Thatcher political cornerstones and then most of the politicians as well as media in the now over indebted western world.

Possibly an idea pushed by bankers...and then promoted by bought politicians and economists to the public..

Canada is one of the few Western economies to have rebounded strongly from the Great Recession. Indeed, in some ways it’s as if it never happened. Annual output has surged above the previous peak in 2008. The trade surplus in December rose to a three-year high. And all the jobs that were lost during the downturn have been recovered.

What’s more, Canada has managed to pull this off without spending money like mad. This year’s government budget deficit (the shortfall of tax revenues against state spending) will only be about 2.5% of GDP.

And in fact, the final figure looks set to be even better than official forecasts. Compared with the near-double-digit deficits that seem the norm these days, that’s quite remarkable.

There’s just one problem. The country has been inflating its own massive housing bubble. This could undo all the good work done elsewhere – and present smart investors with some profit opportunities…

The Ring Of Fire

Economic hitmen and the "own your own house" scam

In fact President Obama has made his life career based on making it possible to loan also to people without any credit worthy ness what so ever. Enter the Sub Prime debacle..

Obama administration pressures banks to make risky loans
US Agencies played a larger role in the housing crisis than we first reported. In January 2009, I wrote that the housing crisis was mostly a consequence of the private sector? However, over the last 2 years, analysts have dissected the housing crisis in greater detail. What emerges from new research is something quite different: government agencies now look to have guaranteed, originated or underwritten 60% of all ?non-traditional? mortgages, which totaled $4.6 trillion in June 2008. What?s more, this research asserts that housing policies instituted in the early 1990s were explicitly designed to require US Agencies to make much riskier loans, with the ultimate goal of pushing private sector banks to adopt the same standards.?

tisdag 14 februari 2012

Margaret Hilda Thatcher - an Oligarchs wet dream

After entering 10 Downing Street, Thatcher was determined to reverse what she perceived as a precipitous national decline. Her political philosophy and economic policies emphasised deregulation, particularly of the financial sector, flexible labour markets, the sale or closure of state-owned companies, and the withdrawal of subsidies to others. In her first few years in office, Thatcher's popularity waned amid recession and high unemployment, until economic recovery and the 1982 Falklands War brought a resurgence of support resulting in her re-election in 1983.

The Iron Lady: World exclusive international teaser trailer - video

Gen. Wesley Clark - Exposes US Foreign Policy Coup

Nov. 3, 2007 - General Wesley Clark exposes how the US Foreign Policy was hijacked by Neo-Cons. Unfortunately, their plans have become reality today.He's speaking at the Commonwealth Club of California, San Francisco, CA

Iceland Did ‘The Right Thing" Defaulting

“Iceland did the right thing by making sure its payment systems continued to function while creditors, not the taxpayers, shouldered the losses of banks,” says Nobel laureate Joseph Stiglitz, an economics professor at Columbia University in New York. “Ireland’s done all the wrong things, on the other hand. That’s probably the worst model.”

Below and at 5:40 Mrs Malmgren has quite an interesting story to tell:

Pippa Malmgren Geopolitical Update January 2011

Iceland makes fledgling recovery from its economic meltdown
Iceland did what the United States chose not to do — allow its biggest banks to fail and force foreign creditors to take a hike. It did what troubled European nations saddled with massive debts and tethered by the euro cannot do — allow its currency to remain weak, causing inflation but making its exports more desirable and its prices more attractive to tourists.

Three years later, the unemployment rate has fallen. Tourism has increased. The economy is growing. The government successfully raised money from investors in the summer for the first time since the crisis.

The History Of Greek Sovereign Debt Defaults
Greece is at the center of the sovereign debt crisis that is worrying many investors and increasing the volatility of stock markets across the world. This is not a new phenomenon for that country, which has defaulted on its external debt many times since achieving independence at the beginning of the 19th century.Read more: http://financialedge.investopedia.com/financial-edge/0911/The-History-Of-Greek-Sovereign-Debt-Defaults.aspx#ixzz1mNfPOxIz

Sovereign default
The following list includes actual sovereign defaults and debt restructuring of independent countries from 1300 till 2008:

So conclution from the above is quite clear. Sovereign defaults has happen many, many times before in history e.g. in the USA (1790, 1862, 1933, 1971) , Germany (1932, 1939, 1948), Sweden 1812, Russia (1839, 1885, 1918, 1947, 1957, 1991, 1998), United Kingdom (1749, 1822, 1834, 1888–89, 1932) etc and when the debt is cleared off - that's then a really good thing both for it's citicens as well as for investors.

Obviousely the people taking the hit by a default are the lendors, the banks. And as long as the debs are not too big that's then a hit the finabcial system will be able to absorb as it always has been able to do.

This time however it's different as last couple of decades a new item has been introduced extensively on these financial markets and that is the so called derivatives.

The issue here is twofold. First these derivatives markets have been totally unregulated meaning - nobody today knows who sits on what risk and where.

Second issue is these markets size. Its estiomated these highly leveraged markets are worth at least $ 600 trillion. Emphesis here on - at least - This as when you're talking about leveraged assets like options and derivatives, a little bit of money can control a disproportionately large position that may be as much as 5, 10, 30, or, in extreme cases, 100times greater than investments that could be funded only in cash instruments.

The highest account leverage in Forex known today is 500:1 (actually, 1000:1 is the new leader nowadays!) Below is the choice of Forex brokers who provide 500:1 and 400:1 leverage options. Let's compare!

The world's gross domestic product (GDP) is only about $65 trillion, or roughly 10.83% of the worldwide value of the global derivatives market, according to The Economist. So there is literally not enough money on the planet to backstop the banks trading these things if they run into "trouble".

Who woulden't argue we haven't seen a fair amount of "trouble" in the world financial markets since 2008?

To sum all of this up - due to the extensive use of leverage only what in fact may be very minor negative derivative positions is able to completely blow up entire worlds. Thats why Warren Buffet has named these derivatives - "financial weapons of mass destruction". By using creative accounting such as marking assets at fictisiouse "booked value" rather than "market value" banks have been allowed to postpone the unavoidable.

Four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller. The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).

Now thats then why Greece hasen't defaulted just yet as what has been going on behind the scenes is all about trying to fire wall of the risk and damage to the banks made by a Greek, Irish etc default. Real question one need to ask is why we need to bother in the first place to protect and try to save these banks that already and in fact since 2008 have been insolvent?

Sure is that regardless of the size of the bailout there is no way any bailout or money printing may be fixing any insolvensy issue. Bailouts can fix a liquitity problem but never an outright insolvency dilemma.

Jim Sinclair: The Impending Undeclared Default Of 5 Major US Bank
The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association. This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.

En ny framtid håller på att utformas - vilken väljer du?

Just nu är det mycket i vår omvärld som i realiteten kanske i första hand kan karakteriseras som en "medvetande kris" snarare än ex en finansiell kris. Man kan ju även konstatera att enda gången faktiskt som Jesus använde sig av något som kan liknas vid våld var när han slängde ut penningväxlarna ur templet, så onekligen detta gällande vem som i realiteten kontrollerar vårt monetära system är en av de mest grundläggande faktorererna för hur väl ett samhälle fungerar.

Centralt i detta då är ex vad är det eg som säger ex att det allt som oftast i den politiska debatten för fram åsikten att det är det gemensamma det kollektiva som är grunden för allt ont och att privatisering är den rätta vägen? Och varför är det så att man alltid hävdar att det gemensamt ägda alltid skall behöva ses som en belastning? I högsta grad en relevant fråga nu när vi ser politiskt folkvalda i land efter land ersättas av sk teknokrater och när ex våra kommunal politiker nu verkar för att sälja ut det genensamma som ex våra ishallar och ridhus.

Till att börja med kan man konstatera att alla stora civilisationer oavsett om det då handlar om ex det Romerska imperiet eller Han Dynasin i Kina eller för den delen nu vår västerländska kultur alltid dör innifrån och inte primärt av externt tryck utan isället av en och samma orsak - oligarki. Det handlar inte om konspirations teori utan utgör en historisk realitet, den sk Oligarkins järnlag.

Vill man följa med lite i dessa tankebanor och hur vår nuvarande monetära system passar in i detta rekommenderar
jag bla följande:

Bill Still: Pay the debt in quarters?

The Lost Science of Money - Stephen Zarlenga

men även

For many years John Perkins claimed to have been working as something he defines to be like an "economic hit man in the world of international finance"; a function he performed by persuading Third World countries to take on large -scale public works projects. Today, we recognize that these types of projects, financed by the World Bank and International Monetary Fund (IMF), have served to enrich U.S. corporations while creating crippling debt for these countries, effectively turning them into American client states.

Jämför detta nu med det som händer inför våra ögon i ex Grekland:

Uppror, kaos och extremism ligger i luften. En skrämmande parallell till Weimarrepublikens Tyskland när brutala åtstramningar under Reichskanzler Heinrich Brüning banade väg för nazisterna i början av 1930-talet?

Här en tragikomisk sammanfattning av detta förlopp:


Som en kontrast till allt detta kan man ställa en mycket intressant rapport som kom ut för många år sedan.Rapporten som hette "Från Italien till Gnosjö" tar upp exempel från USA, Japan och särskilt det blomstrande Emilia Romagna- området, det "tredje Italien".

Man kan kort sammanfatta det som att framgångsfaktorerna ligger i inte att konkurrera utan att samarbeta och att hjälpa varandra. Man känner lojalitet inte bara mot det egna företaget utan även mot andra tom konkurrerande bolag inom något som kan karrakteriseras som ett nätverk med en gemensam ideologi eller värdegrund.

Kyrkliga värderingar eller kommunism kanske kan verka ligga långt ifrån varandra och ha lite gemensamt med företagande. I realiteten visar det sig det fundament av gemensam värdegrund
dessa erbjuder utgör den grundläggande förutsättningen för ekonomisk stabilitet och framgång:

"Trots ett dålig företagsklimat i form av höga inkomst- och företagsskatter, starkt anställningsskydd, administrativa regler och politisk instabilitet har det norditalienska området utvecklat "en enastående ekonomiskt vitalitet".

Med en levnadsstandard som tillhör toppskiktet i världen. Trots en stark lokal kultur, identitet och stolthet är företagen globaliserade. De konkurrerar ibland, men utvecklas tillsammans, och gör gemensamma marknads- och exportsatsningar.

De vet att de kan lita till varann och de största företagen i nätverket hotar inte att flytta till London när de känner sig missnöjda. Det sociala kittet går långt tillbaka i tiden och har flera förklaringar. Den kanske viktigaste är kommunismen; exempelvis har flera av småföretagen bildats av avskedade fackliga aktivister. I Gnosjöområdet är det framförallt kyrkan, frireligiositeten, som svetsat samma folk."

Rapporten i sin helhet:

Här tror jag nu att sk vanlig folk med sunt förnuft har en mycket stor roll att spela för att verka för att de goda krafterna och konstruktiva lösningarna blir de som kommer ur den kris som nu i allt snabbare och med eskalerande kraft dominerar allas vår värld.