torsdag 29 november 2012

BOJ to implement QE without limits?

In the land where it's central bank some decades ago actually invented the QE approach things seems to be adding up. Now whats then the solution? Apparently not only more QE but in fact unlimited QE. 

Japan was reported its first ever current account deficit, or certainly, its first for many decades. They have a very overvalued exchange rate, a collapsing export sector, an unreformed domestic economy, a debt challenge that makes Greece’s seem easy to solve, a central bank that doesn’t try too hard – currently – to reach its inflation target and, once again, a very weak economy. 

And that is without even getting into the complex issues of its relationship with China and other Asian countries, that in principle should be as good for them as those countries are for the rest of us. 

Anyhow, we may soon see a general election and a return of the LPD, whose probable 

Prime Minister has told us now 3 times in the last fortnight that he would force the BOJ, if necessary, to pursue a 3% inflation target

This is the sort of thing that many were advising Japan from overseas in the mid to late 90’s when so many people mistakenly lost of lot of money betting against the Yen. Go get all those guys out of retirement as the time has probably come. 

The outlook for the Yen is highly asymmetric. It could either waffle around, or could decline sharply in coming months. It is, in my opinion, the most interesting macro thing out there.  I have been getting more and more negative about the Yen for the past couple of years, and I have, so far, been wrong, but it seems more and more obvious to me, that the moment is here.

Read more: http://www.businessinsider.com/shinzo-abe-the-boj-and-the-yen-2012-11#ixzz2Db0aN0Bg


The history of QE and how it came about:


The original Japanese expression for quantitative easing (量的金融緩和, ryōteki kin'yū kanwa), was used for the first time by a Central Bank in the Bank of Japan's publications. The Bank of Japan has claimed that the central bank adopted a policy with this name on 19 March 2001.[25] However, the Bank of Japan's official monetary policy announcement of this date does not make any use of this expression (or any phrase using "quantitative") in either the Japanese original statement or its English translation.[26] Indeed, the Bank of Japan had for years, including as late as February 2001, claimed that "quantitative easing … is not effective" and rejected its use for monetary policy.[27] Speeches by the Bank of Japan leadership in 2001 gradually, and ex post, hardened the subsequent official Bank of Japan stance that the policy adopted by the Bank of Japan on 19 March 2001 was in fact quantitative easing. This became the established official view, especially after Toshihiko Fukui was appointed governor in February 2003. The use by the Bank of Japan is not the origin of the term quantitative easing or its Japanese original (ryoteki kinyu kanwa). This expression had been used since the mid-1990s by critics of the Bank of Japan and its monetary policy.[28]
Quantitative easing was used unsuccessfully by the Bank of Japan (BOJ) to fight domestic deflation in the early 2000s.[12][29][30][31] The Bank of Japan has maintained short-term interest rates at close to zero since 1999. With quantitative easing, it flooded commercial banks with excess liquidity to promote private lending, leaving them with large stocks of excess reserves, and therefore little risk of a liquidity shortage.[32] The BOJ accomplished this by buying more government bonds than would be required to set the interest rate to zero. It also bought asset-backed securities and equities, and extended the terms of its commercial paper purchasing operation.[33]
So given the indded very, very poor track record related to how improvements in the economy correlates to QE stimuli, and then also considering it has now been going on in Japan for well over a decade one would imagine it's time to trye some new approach rather than to contimue with the QE program? Not so it seems the real viable option to the japanese is not only to continue the QE programs but in addition significantely ramp up the scale and scoope.
Insanety - a definition
http://www.brainyquote.com/quotes/quotes/a/alberteins133991.html

Time to replace the QE name with a new one. As QE in reality has nothing to do with trying to improve the overall real economy but in fact is all about tryung to save already insolvent banks it should be named something along these lines - "make taxpayers pay in order to try to delay the imminent and very necessary downzising of the fianancial sector to an acceptable level program".

Then when the Yen is down the drain next to the slaughter is the dollar as the US in a very predictable pattern has followed the Japanese example and QE approach. Only differencve is that the US as it started to enroll on this scheme approximately half a decade later than the Japanese, still has some time to catch up.




"The Most Powerful Psychopaths In The World"


There are many incredibly powerful psychopaths in our society. They're respected and loved and honored. You can spot them simply by looking at their bank accounts.

onsdag 28 november 2012

Svenskar ska göra kontokorten till historia

Snabba, säkra mobila betalningar som rundar kortföretagen och halverar handlarnas avgifter. Det är receptet när svenska Seamless i dag lanserar systemet som ska revolutionera betalmarknaden. "Vi mördar Visa och Mastercard", säger vd Peter Fredell.
http://www.idg.se/2.1085/1.418432/svenskar-ska-gora-kontokorten-till-historia

SEQR mobile payment in action!
http://www.youtube.com/watch?feature=player_embedded&v=DEBJbDrj2y4

Monetary Reform - The no one issue to deal with


Vetenskapens värld granskar ekonomivetenskapen och den pågående skuldkrisen


Del 14 av 18. Hur kunde världens ledande ekonomer missa att vi var på väg mot den största finansiella kollapsen sen 1930-talet? Vetenskapens värld granskar ekonomivetenskapen och den pågående skuldkrisen. Enligt en växande skara kritiker ledde häpnadsväckande brister i de ekonomiska modellerna fram till krisen. I centrum står vår tids enorma finanssektor. Programledare: Victoria Dyring.

Systemfel som hotar världen
Hur fungerar egentligen vårt samhällssystem? Bankerna tjänar stora pengar samtidigt som vanliga människor lever på lånade medel. Vi möter tänkare som ger oss sin bild av världsekonomin och människans situation i vårt globala samhälle. Många som kommer till tals är övertygade kapitalister som kritiserar kapitalismen. Hur kan lösningar inför framtiden se ut?Samtidigt som vanliga människor lever på lånade medel. Vi möter tänkare som ger oss sin bild av världsekonomin och människans situation i vårt globala samhälle. Många som kommer till tals är övertygade kapitalister som kritiserar kapitalismen. Hur kan lösningar inför framtiden se ut?
http://urplay.se/170919

Then a film that really foresaw all this financial chrisis unfolding as it was produced already in the 1990s: 

The Money Masters ~ Full Movie

More about the Money Masters


THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning  sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers.
The success of the central banking scheme developed into a far-reaching  plan described by President Clinton’s mentor, Georgetown Professor Carroll Quigley,  “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of  the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves  private corporations. Each central bank….sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the levels of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
Several short-lived attempts to impose the central banking scheme on the United States were defeated by the patriotic efforts of Presidents Madison, Jefferson, Jackson, Van Buren and Lincoln. But with the passage of the Federal Reserve Act of 1913, America was firmly lashed to the same yoke, so that a small number of very rich men have been able to lay upon the masses a yoke little better than slavery itself. That yoke inevitably grows heavier with ever-compounding interest, and totals over $20 trillion of debt owed by the American people today ($80,000 per American) ultimately to these bankers.
This vast accumulation of wealth concentrates immense power and despotic economic domination in the hands of the few central bankers “who are able to govern credit and its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of the economy so that no one dare breathe against their will.”

Then if the above is the ultimate goal then it's very obviouse why in the Euro project there is this indeed very weird Maastricht Criteria:
http://intheendwerealldebt.blogspot.se/2012/02/euro-convergence-criteria-also-known-as.html

Given all of this info as a backdrop one really see the pattern clear as daylight as its happening:



tisdag 27 november 2012

Bankerna tjänar miljarder på dold kortavgift

Flera försök görs för att gå runt de dolda kortavgifterna. Just nu pågår olika pilotstudier av betalning via mobilen. Dagligvaruhandelsbolaget Axfood har nyligen börjat använda betallösningen Seamless som möjliggör betalning utan mellanhänder. En rad andra liknande lösningar diskureras och även om dessa skiljer sig åt så innebär de flesta lägre eller inga kostnader för handlarna – vilket välkomnas från HUI:s sida.
http://www.dn.se/ekonomi/bankerna-tjanar-miljarder-pa-dold-kortavgift

söndag 25 november 2012

Systemfel som hotar världen


Hur fungerar egentligen vårt samhällssystem? Bankerna tjänar stora pengar sHur fungerar egentligen vårt samhällssystem? Bankerna tjänar stora pengar samtidigt som vanliga människor lever på lånade medel. Vi möter tänkare som ger oss sin bild av världsekonomin och människans situation i vårt globala samhälle. Många som kommer till tals är övertygade kapitalister som kritiserar kapitalismen. Hur kan lösningar inför framtiden se ut?amtidigt som vanliga människor lever på lånade medel. Vi möter tänkare som ger oss sin bild av världsekonomin och människans situation i vårt globala samhälle. Många som kommer till tals är övertygade kapitalister som kritiserar kapitalismen. Hur kan lösningar inför framtiden se ut?

Vetenskapens värld granskar ekonomivetenskapen och den pågående skuldkrisen


Del 14 av 18. Hur kunde världens ledande ekonomer missa att vi var på väg mot den största finansiella kollapsen sen 1930-talet? Vetenskapens värld granskar ekonomivetenskapen och den pågående skuldkrisen. Enligt en växande skara kritiker ledde häpnadsväckande brister i de ekonomiska modellerna fram till krisen. I centrum står vår tids enorma finanssektor. Programledare: Victoria Dyring.

fredag 16 november 2012

Gov. Rick Perry: Texas Could Secede, Leave Union


AUSTIN, Texas -- Texas Gov. Rick Perry fired up an anti-tax "tea party" Wednesday with his stance against the federal government and for states' rights as some in his U.S. flag-waving audience shouted, "Secede!"
An animated Perry told the crowd at Austin City Hall -- one of three tea parties he was attending across the state -- that officials in Washington have abandoned the country's founding principles of limited government. He said the federal government is strangling Americans with taxation, spending and debt.
http://www.huffingtonpost.com/2009/04/15/gov-rick-perry-texas-coul_n_187490.html

White House ‘secede’ petitions reach 675,000 signatures, 50-state participation

Read more: http://dailycaller.com/2012/11/14/white-house-secede-petitions-reach-660000-signatures-50-state-participation/#ixzz2CNSjnq6C


America to Split in Six Parts
Barack Obama should radically reduce U.S. foreign policy activities, especially in the Eurasian region. Russian political scientist Igor Panarin who has predicted the imminent collapse of the U.S. says there is no way the country can keep its dominance in the international arena.
http://www.youtube.com/watch?v=GD-Msb7A8t4&feature=channel

torsdag 1 november 2012

Kontanthanteringen - Ännu ett privatiserings fiasko

Läs här och begrunda hur Riksbanken genom sitt beslut att 2004 avsäga sig ansvaret för Sveriges kontanthantering för att istället lägga ut detta på bankerna i realiteten har orsakat en veritabel tornado av extremt våld och kriminalitet:

http://www.danowsky.se/data/f_58_Regeringens%20senf%C3%A4rdighet%20b%C3%A4ddade%20f%C3%B6r%20v%C3%A4stbergar%C3%A5net%20090926.pdf