fredag 9 mars 2012
The committee will meet at 1 p.m. Greenwich Mean Time to determine whether a credit event has occurred, according to a statement posted on ISDA’s website today. Greece’s government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses.
Bondholders tendered 152 billion euros ($201 billion) of Greek-law bonds, or 85.8 percent, after the government offered to swap their holdings for new securities under the debt exchange. Twenty billion euros of foreign-law bonds were also tendered, according to an e-mailed statement from the Greek Finance Ministry. Greece aimed to cut its 206 billion euros of eligible debt by about 100 billion euros. ISDA said last week that credit-default swaps on Greek bonds hadn’t been triggered by the European Central Bank’s exchange of Greek bonds for new securities exempt from losses taken by private investors. Under ISDA rules the use of collective action clauses should trigger the swaps.
The volume of contracts on Greece has tumbled, with the net amount of debt protected representing less than one percent of the nation’s bonds and loans outstanding. Swaps on Greece now cover $3.16 billion, down from about $5.56 billion a year ago, according to the Depository Trust & Clearing Corp. That compares with contracts covering $22.7 billion of Italian government debt and $22.5 billion of France’s debt.
Word of the Day: Hypothecation, Re-hypothecation and Churning!
söndag 4 mars 2012
Imaginal Cells The Caterpillar’s Job to Resist the Butterfly
Metamorphosis is a biological process by which an animal physically develops after birth or hatching, involving a conspicuous and relatively abrupt change in the animal's body structure through cell growth and differentiation. Some insects, amphibians, molluscs, crustaceans, Cnidarians, echinoderms and tunicates undergo metamorphosis, which is usually accompanied by a change of habitat or behavior.
Many observations have indicated that programmed cell death plays a considerable role during physiological processes of multicellular organisms, particularly during embryogenesis and metamorphosis.
In contrast to necrosis, which is a form of traumatic cell death that results from acute cellular injury, apoptosis, in general, confers advantages during an organism's life cycle. For example, the differentiation of fingers and toes in a developing human embryo occurs because cells between the fingers apoptose; the result is that the digits are separate. Between 50 and 70 billion cells die each day due to apoptosis in the average human adult
For every cell, there is a time to live and a time to die.There are two ways in which cells die:
They are killed by injurious agents.
They are induced to commit suicide.
Why should a cell commit suicide?
. During the pupal stage of insects that undergo complete metamorphosis, most of the cells of the larva die by apoptosis thus providing the nutrients for the development of the structures of the adult
Initially caterpillar’s immune system perceives Imaginal Cells of emerging butterfly as a threat and attacks them, similar to police brutality under corporate rule, as extreme deception and economic manipulation are unveiled worldwide.Butterfly Imaginal Cells are not deterred though. They appear in even greater numbers, and cluster in commUNITY. They recognize each other and bond, until sufficient Imaginal Cells organize into new structures, along new organizational lines, which overwhelm caterpillar’s immune system. Decaying caterpillar body transforms into nutritious soup for butterfly growth. Similarly Occupy Imaginal Cells are transforming negativity into Light of new awareness, and whole system change for the greater good of humanity.When butterfly is ready to emerge, the chrysalis becomes transparent, similar to Internet transparency unveiling corruption, extreme social, economic, and environmental injustice.
fredag 2 mars 2012
These events are all outlayed in Mr Rickards book. If you haven't yet read it. Then in the below interwiev and in the "chaos" scenario Mr Rickards actually beleives is the most likely the "C" word is mentioned in conjunction to privatley owned gold and as part of what he sees is about to happen as that event unfolds..
Currency Wars: The Making of the Next Global Crisis
virtually unlimited leverage via the shadow banking system, in which there are practically no hard assets backing the infinite layers of debt created above, and which when finally unwound, will create a cataclysmic collapse of all financial institutions, where every bank is daisy-chained to each other courtesy of multiple layers of "hypothecation, and re-hypothecation."
Jim Sinclair: The Impending Undeclared Default Of 5 Major US Bank
torsdag 1 mars 2012
Jim welcomes back to Financial Sense Newshour geologist and Peak Oil pioneer Dr. Colin Campbell to discuss the global energy situation. He believes that oil insiders around the world know Peak Oil has arrived, but don’t want to alarm consumers and shareholders with the truth. Unfortunately for those weary of high gas prices, Dr. Campbell sees this as just the beginning of much higher prices.Dr. Campbell has over 40 years of experience in the oil industry. He earned a Ph.D. in geology from the University of Oxford in 1957, and has worked as a petroleum geologist in the field, as a manager, and as a consultant.
Inside Capitol, Investor Access Yields Rich Tips
When Senate Democrats finally brokered a compromise over the proposed health-care law, a group of hedge funds were let in on the deal, learning details hours before a public announcement on Dec. 8, 2009.
The news was potentially worth millions of dollars to the investors, though none would publicly divulge how they used the information. They belong to a select group who pay for early, firsthand reports on Capitol Hill.
Word of the Day: Volcker Rule
“You can use it [grain] for food, and you can also use it for beer,” he explained. “There are now ideas that the beginning of cereal domestication was not so much in connection with bread and with food, but with beer making, for brewing. It is easy to do it, it is not like our beer, all you need is water and if let to stand in some container it will start to produce alcohol. So maybe it was beer making at the beginning.
”Read more http://www.vagabondjourney.com/travelogue/gobekli-tepe-exploring-the-fall-of-the-nomad/
New evidence suggests that it was not agriculture which created civilization, but religion. The June issue of National Geographic offers a brief and provocative story from a place in Turkey known as Göbekli Tepe, site of the world's oldest example of monumental architecture i.e. a temple.
While the interpretation of archeological remains is often as much art as it is science, there is plenty of reason to believe that in Gobekli Tepe people's need/desire to gather for worship is what created civilization, not the reverse,
as was previously assumed. The Temple existed without a city.