Royal bonuses, neo-aristocrats and rising insolvencies

Stacy Summary:  Neo-feudalism in the headlines this morning . . .

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61 Responses to Royal bonuses, neo-aristocrats and rising insolvencies

  1. Al Jazeera on Blackwater
    US security firm faces fresh allegations – 07 Aug 09
    http://www.youtube.com/watch?v=6ps4dKOkCl8

    … ” Two former employees have filed testimony claiming their bosses encouraged the murder of Iraqis. ” ….

  2. Oh dear.
    Steven ‘Uncle Fester’ Hester’ is living proof that Bankers live in a ‘second life’ world. Unencumbered by the reality of normal life.
    They have been convincing themselves how important they are for soooooo long that they are believing their own b*****hit !!!
    I think they actually believe this crap.
    They think they are a super race, they need to be cut down.
    And soon.

  3. Where should government spend our money???

    More money for cars that don’t sell.
    This Govt. money hasn’t been used yet Holden say. It will be used for overseas marketing budget.
    Sorry? So you can’t sell your cars to Australians, so we will spend money to sell our overpriced cars to the Asian market.
    Hhahahahahahhahaha!

    http://au.biz.yahoo.com/090807/2/27vrn.html

  4. @Mini US … ” Oh dear. ”

    That’s was the best “short” summation of the situation I’ve seen for a while !

    Well said !

  5. it’s getting harder and harder to cover up the wealth transfer. i wonder what will be the straw that breaks the camels back?

    the brown shirts are back .Oligarchs are getting ready to protect themselves, i think Italy is somewhere to watch as a harbinger of things to come
    Opposition outcry as Italy legalises vigilante patrols
    http://tinyurl.com/m7ckxw

    first Riga now this, Brits aboard aren’t as welcome as they where
    Greek woman accused of setting fire to UK tourist
    http://tinyurl.com/la2ba7

    a blast from the past for TAMNZ
    Sinking of the Rainbow Warrior
    http://tinyurl.com/dzp4f

  6. @Banks and Government (Part 1)

    Nick’s after-breakfast Musli thoughts … quite nice.

    Talks about Banksters being “theives and embezzlers by heart” !

  7. @Nick’s video
    Talking about banks results :

    …. ” I haven’t got a clue where all this money comes from : I honestly don’t know ” …

    It’s the Debt money they created that has now ( thanks to exponentials ) flooded the world.

    How about taking a metaphorical knife and cutting a line to say : the Debt is yours, the real money is ours.

    Impossible to do without crashing and rebooting the whole system IMO !

  8. a set too between surveyors and banks. no one seems to know what a house is worth

    Undervaluing ‘hitting home sales’
    http://tinyurl.com/kmrlu5

  9. I used to work in London back in the early 90′s.
    Most of the ‘lads’ on the LIFFE (futures exchange) floor were Barrow Boys from the East End of London who used to work in the markets. The fruit and vegie markets that is.

    Back then the Barrow Boys had a reputation for being ‘dodgy’.
    Alan Sugar (The Apprentice, UK) is an example. He’s done very well for himself too.

    http://nhsblogdoc.blogspot.com/2009/06/baron-and-barrow-boy.html

  10. I wonder what the bankster imagine under; the peasant taxpayer will suffer. If constant devaluation of money due to inflation, constant rising prices, being scammed at the stockmarket, pensions stolen by Goldman Sachs and ofcourse high unemployment (possibly lost homes as well) beside a huge state debt that needs to be paid off (including interest) isn’t suffering; what is?
    Also quite interesting how they say; “We must pay competitively because we must have good people and every taxpayer in the country should care about us having good people because without that we won’t have the outcome that everyone needs,” Hester said.” WTH good people? the ones that screwed up in the first place…
    I heard Max a lot about an gold standard; but will that really save “us”? the printing of money would be limited, but still the same people can print the money and ask interest. Beside mankind has been fighting over control since the beginning; and money = power/control. Even with “tight” regulations it would be a matter of time until the lobbyists get what they want, beside that the regulators are usually overworked or corrupt.
    If the FED gets audited they probably blame the upcoming hyperinflation on interference of congress or the system will collapse and the way is free for the Amero/new global currency.
    Either way the US/world economy will be in a ditch dug on purpose by the FED/goldman Sachs/bnp paribas/jp morgan chase/EU central bank but mostly due to the biggest criminal/maffia organisation ever; Bank of International Settlements (btw what would happen if the BIS gets audited?)

    @Al Jazeera on Blackwater; its called Xe now they changed the name to avoid negative publicity/associations; better give them what they deserve. What to expect in a profit motivated economy without morals?

  11. How To Blow A Bubble
    “Next time, our big banks will take another massive hit – quite possibly bigger than what we saw in 2008. Goldman and its insiders are ready for this. Are you?”
    http://tinyurl.com/lgn8mj

    Geithner asks Congress for higher U.S. debt limit
    http://tinyurl.com/n8pa4n

  12. off subject, about Max’s link to
    Jimmy Carter vs Punk
    http://www.youtube.com/watch?v=EiGHoiikYpI

    the same thing happened to rap music, which was so political at the start.
    HipHop: Beyond Beats & Rhymes
    http://video.google.com/videoplay?docid=-2020029531334253002

    now only self-hating material gets recording contracts

  13. hey Max, Matt Taibbi give you a shout out for one of the few talking about GS. page 5 of this piece
    Charlie Gasparino and all the weird defenses of Goldman Sachs
    http://tinyurl.com/nr2k9c

  14. @AM … ” XE ” .. how fitting !

    http://www.xe.com … my favourite CURRENCY website !

    Are they going to grab their name , or what ?
    ;-)

  15. Time for Derivatives to go.
    Do a days work for a days pay Bewfey (Buffett).
    Go get a freakin job, if you can find one.

    I am sick of all this rubbish about people making money out of nothing.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aX8e5WcyF5W4

  16. Maybe I’m completely wrong, but it appears to me the ‘amped up risk appetite’ touted by Goldman Sachs is no appetite, its just a meme to cover up the fact they are forced to (or are only allowed to) invest in the crappiest of assets… With all the blatant fraud and government aliances, can GS be said to be in good shape? What does the bookie do when the game is over?

  17. Slate’s poll results for How Is America Going To End? are in
    http://tinyurl.com/n44ubl

    people went for
    Israel-Arab War, Peak Oil, China Unloads U.S. Treasurys, loose nukes and Antibiotic Resistance

  18. UK ID card hacked in 12 minutes…

    Yep, that’s billions of taxpayer money, completely wasted, under that tyrant Home Secretary, Jacqui Smith.

    The prospective national ID card was broken and cloned in 12 minutes, the Daily Mail revealed this morning.

    The newspaper hired computer expert Adam Laurie to test the security that protects the information embedded in the chip on the card.

    Using a Nokia mobile phone and a laptop computer, Laurie was able to copy the data on a card that is being issued to foreign nationals in minutes.

    He then created a cloned card, and with help from another technology expert, changed all the data on the new card. This included the physical details of the bearer, name, fingerprints and other information.

    He then rewrote data on the card, reversing the bearer’s status from “not entitled to benefits” to “entitled to benefits”.

    He then added fresh content that would be visible to any police officer or security official who scanned the card, saying, “I am a terrorist – shoot on sight.”

    According to the paper, Home Office officials said the foreign nationals card uses the same technology as the UK citizens card that will be issued from 2012.

    http://www.computerweekly.com/Articles/2009/08/06/237215/uk-national-id-card-cloned-in-12-minutes.htm

  19. frances snoot

    @gonzomarx:
    The link about the Brit behaving badly is amazing: in the Guardian NOT the Daily Mail! The Brits are bad drunks!

  20. frances snoot

    @MiniUS:
    Great link. Do you think the dollar bounce is related to derivative contracts due?
    It’s interesting that Buffet called derivatives:
    http://news.bbc.co.uk/2/hi/business/2817995.stm

    Wouldn’t, by his own words, Buffet fall into the category of economic terrorist?

  21. @Frances Snoot.
    Like most of these guys, Buffett is playing in a game he realises is dangerous.
    But he’s a player, so he plays.
    No idea about $US bounce, but stock market certainly seems to be a way for ‘performance’ bonus’ to get paid. There must be some kind of ‘performance’ to get a bonus, so stocks go up until bonus date is due, then they don’t really care after that.
    Short the living daylights outta the schmucks.
    I don’t truly understand derivatives. Actually I think the main problem is that neither do derivative traders ;)

  22. frances snoot

    @MiniUS:
    Derivatives have made a great front for money laundering and theft, especially from public coffers!
    Investors fear inflation; bond yield curve is steepening:
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aIvgHRFBoK5g

  23. frances snoot

    @Gonzomarx:
    The Simon Johnson article is fantastic: thanks for the link!
    What hit is Mr. Johnson referring to?
    He doesn’t indicate which bubble will pop.
    Treasuries?

  24. http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/books/non-fiction/article6716616.ece a story of faded splendour , ‘a look behind the doors of playboy bunny mansion’ , small dingy rooms , mouldy carpets,stained linen , strict 9 pm curfews,no action ,finally huge plastic surgery bills for breast implants and falling sales have forced hef to sell his private residence next store to the bunny mansion to a Daren Metropoulos,’ a25-year-old entrepreneur of sorts ‘,[ one of 'hefs girls' reported just 15 minutes of action in two years with hef ] life at the playboy bunny mansion sounds more like life in ‘ gods waiting room ‘ than anything else ,with an endless re-run of classic movies , and boredom, the end of an empire is never pretty. like all fairytales they come to an end and reality is never kind , still i guess when it comes to all things to do with the economy ,which ones are the real bunnies ? . the likes of goldman sachs or us ? burn playboy bunny mansion, burn !

  25. Hi stacy and max

    How much have you guys donated on the Schiff money bomb .It has almost reached the 750,000 USD mark. If you guys have not donated please do it soon :)

  26. Once you think things couldn’t get any crazier: New York Times: Children Bad for Environment http://tinyurl.com/lt9ay7

  27. @gonzomarx – thanks for the link! didn’t know he had mentioned Max again

  28. @frances snoot
    not all Brits are sloppy drunks just the one’s that do the same at home streets on a Friday night.

    i’m guessing the next hit will be treasures/debt but cap and trade will be the next big bubble if it becomes law.

  29. http://www.smh.com.au/lifestyle/people/bunny-with-brains-dishes-dirt-on-life-at-hefs-mansion-20090806-eb2y.html original link and better link and well written link to dirt on hefner playboy bunny story

  30. Geithner asks Congress for higher U.S. debt limit http://link.reuters.com/suq99c

  31. U.S. regulators close 3 banks, total now 72 http://link.reuters.com/wuq99c

  32. For those who haven’t read it,…here’s a short cut to what’s a comin’,..and why the things are the way they are!

    http://www.youtube.com/watch?v=TzEEgtOFFlM

  33. Richard@lattitude30N

    @MotherEarth: Didn’t realize GS only involved with dodgy ( low grade??) stocks and bonds…I once worked with a fellow whose grandfather raised TX cattle…he always called them “junk cows”….he went to auction and bid for the scrawniest ones; “beefed” them up so to speak; and sold them when the price was high….no shame there…But really aren’t you listening to all that Max has to say about front running and the high frequency trading etc.; let alone the bailout, etc..???? A cattleman has a lot invested in a fair market…even if he creates the edge by carting home “junk cows” and selling them at a high price…He did pocket a sizable fortune over the years using this method so I am told.

  34. @Dedo … Yet another conspiracy ?

    Sheesh … when do they stop !

    Agenda 21 for Dummies
    http://www.youtube.com/watch?v=TzEEgtOFFlM

    Sustainable Indoctrination: Local U.N. Agenda 21-Santa Cruz: Education (Excerpts)
    http://www.freedomadvocates.org/articles/sustainable_development/sustainable_indoctrination:_local_u.n._agenda_21-santa_cruz:_education_(excerpts)_2003111743/

  35. @Phil,…..yep,…..but not a theory any more ,..huh : )

  36. @Phil,….your links don’t work,…c’mon,..pull your finger out, lol

  37. @Youri,…considering Mikhail Gorbachev leads the green agenda, and communism and capitalism are to be merged seamlessly, you know,….to model China,..and Beck is a freakin journalist . You’d think he’d have known this a while back…or is this just a “training” exercise.,.for pavlov’s dogs.

  38. frances snoot

    @Dedo:
    Exactly. Agenda 21 is an UN mandate. To cut to the real stories, follow the UN news, not the US news. The US news is a fabricated fantasy set to obscure the real story and create divisions in the US people. The UN mandates are the policies that are being followed by the politicians and furthered by the media. (There is some leeway in the elite leadership of specific causes, as in Bill Gates personal vendetta against US high schools).

  39. The Fed Buys Last Week’s Treasury Notes http://tinyurl.com/no6ojd

  40. frances snoot

    Here’s a good source for UN breaking stories:
    http://www.globalpolicy.org/

  41. Geithner’s F-Bombs Don’t Scratch Goldman Sachs: David Reilly http://tinyurl.com/mjy3xg

  42. frances snoot

    Thought-provoking article by Noam Chomsky:
    http://www.globalpolicy.org/component/content/article/154-general/48001-making-war-to-bring-peace.html

    (I don’t agree, but I like his writing and arguments)

  43. John Holdren, Obama’s Science Czar wrote a book, ECOSCIENCE POPULATION,RESOURCES,ENVIRONMENT PAUL R. EHRLICH, ANNE H. EHRLICH, JOHN P. HOLDREN http://zombietime.com/john_holdren/

    Forced abortions. Mass sterilization. A “Planetary Regime” with the power of life and death over American citizens.

    Page 837: Compulsory abortions would be legal

    Page 786: Single mothers should have their babies taken away by the government; or they could be forced to have abortions

    Page 787-8: Mass sterilization of humans though drugs in the water supply is OK as long as it doesn’t harm livestock

    Page 786-7: The government could control women’s reproduction by either sterilizing them or implanting mandatory long-term birth control

    Page 838: The kind of people who cause “social deterioration” can be compelled to not have children

    Page 838: Nothing is wrong or illegal about the government dictating family size

    Page 942-3: A “Planetary Regime” should control the global economy and dictate by force the number of children allowed to be born

    Page 917: We will need to surrender national sovereignty to an armed international police force

    Page 749: Pro-family and pro-birth attitudes are caused by ethnic chauvinism

  44. @Phil, Dedo, frances……………………….Agenda 21.

    Yikes!!! So, no private property ownership. Kids raised by the state. People housed in boxes. Death is looking more desirable by the day. I personally would not choose to live like that – better to live on your feet than to die on your knees! Are we seriously just gonna let this happen? I can answer that question myself: Yes, because people won’t bother to educate themselves and by the time it is becoming obvious to the dangerous masses it will be too late – the children will have been indoctrinated. My God, what have we done?! I’m beginning to hate more and more the ignorant masses because it is they who will enable this evil to go unchecked. Without them we’d have a chance but they just dilute us so that we are not heard. Even if we started the fight it would be the ignorant masses who would be brainwashed into stopping us. There must be somewhere in the world where you could be relatively safe, if only for a bit longer. Costa Rica maybe? If so I could persuade my children not to have any children of their own and then maybe, just maybe we could escape this satanistic implementation of what these crazy bastards are intent on inflicting on us. Other than than, I’m speechless…..

  45. Lording It Up At A Rothschild Mansion: The Man Who’s Supposed To Be Running The UK http://tinyurl.com/n79g5y

  46. Changing The Course Of Our Economic Debacle http://tinyurl.com/l8tscb

  47. @Dedo

    Although I don’t agree with all Glenn Beck is saying particular about those FEMA camps cause the realy DO EXIST he seems to be genuine about other subjects like this one. I don’t think this is mindcontrol Pavlov psychology cause one could say that about any truth comming out, wrong!

  48. @Youri,…..maybe,…maybe not,..it’s your life,.deal with it!

  49. RECAP: IMF to sell gold in central bank pact, official says http://tinyurl.com/nl38s2

  50. frances snoot

    @Youri:
    Glenn Beck is genuine about his salary.
    He is now buddies with the self-same people he termed terrorists before (the 911 truthers).
    Take away his funding and his rhetoric will cease bubbling.

  51. @sharon

    You’ve got the status-quo ( PTB+MSM ) conducting the masses like an orchestra and the critics ( like us : M&S, AJ, GerlaldCelente etc. etc. ) standing on the side shouting “Warning: conspiracies & coincidences” .
    To the masses, “we” look as if we’re mad.
    ;-)

  52. Holdren: Infants Not Human Beings http://tinyurl.com/nz8frz

  53. In a country well governed poverty is something to be ashamed of. In a country badly governed wealth is something to be ashamed of. ~Confucius

  54. frances snoot

    @TSGordon:
    Examples of countries well-governed?

  55. frances:

    Perhaps Cleveland 1901-1909:

    http://www.youtube.com/watch?v=XW8sJS6UPPw

  56. RE House owning article:

    Looks like a TimesOnline commentor has been listening to Resonance for a long while:

    Johnny Jones wrote:
    For many the recession could be seen advancing in August 2005 when the BOE dropped rates instead of raising them stoking the housing bubble even further. These people saved knowing the inevitable would happen. Most of these people will be FTB’s waiting for the right time to buy when prices drop to acceptable earnings multiples. Its back to the old days of save for what you want. Gone are the days of cheap credit. Once tighter financial regulation comes into force early next year, mortgage lenging will be even harder to obtain unless you have a massive deposit which many FTB’s will have through saving. One thing Rebecca fails to see is that if house prices continue to fall, then the deposit required on a house by FTB’s will be a lot less than now and I’m sure they will drop another 20% over the next couple of years once the second dip of the recession raises its head, interest rates start to rise quickly, unemployment goes over 4 million and repossessed property starts flooding the market.