Big bank taxes, unhedged sovereign wealth and tumbling retail sales

September 14th, 2009 by stacyherbert

Stacy Summary:  Good morning.  What’s up in your neck of the global woods?

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10 responses so far ↓

  • Morning butch!!

  • ZeroHedge featuring Max’s Interview with Rob Kirby

    The Barrick Gold Conundrum

    http://www.zerohedge.com/article/barrick-gold-conundrum

  • Iceland: what ugly secrets are waiting to be exposed in the meltdown?

    … “Kaupthing fell into the clutches of the Gudmundsson brothers, Ágúst and Lydur, who made their fortunes building up the Bakkavor food manufacturing empire, which supplies hundreds of supermarkets in the UK. Their investment vehicle, Exista, owned 23% of the bank, counting Robert Tchenguiz, the London property entrepreneur as a board member.

    Kaupthing’s loan book, which was leaked on to the internet last week, shows that around one third, or €6bn (£5.1bn), of its €16bn corporate loan book was going to a small elite group of men connected to the bank’s owners and management.

    Several investigations into Kaupthing centre on share ramping, where the bank would allegedly give loans with no interest or security in order to buy shares in that same bank – boosting the share price.” …

    …” That’s because the institution [my edit: [FED & other CBs]] itself is fatally flawed. If the American or European central bank broke down, and investigations were held into the relationships, all holy hell would likely break loose. How can it be otherwise? These central banks are run by small groups of (mostly) men, who grow up with each other and go to the same clubs and run in the same social circles and have the same interests. “…
    http://www.thedailybell.com/521/Iceland-what-ugly-secrets-are-waiting-to-be-exposed-in-the-meltdown.html

  • Britain ‘may be forced to bail out tax havens
    http://tinyurl.com/qd96kd

    Charles Darwin film ‘too controversial for religious America’
    http://tinyurl.com/pe7pzu

    with street fighting in Birmingham, London and Vera Lynn number 1 in the charts what’s next? the Jarrow March?

  • @gonzo…..WOW they wont allow it to be shown….unfukinbelievable….what century is this?

  • The Next Financial Crisis
    It’s coming–and we just made it worse
    http://tinyurl.com/n5caps
    “The bubbles this time will likely appear abroad. Parts of Asia and Latin America, a tiny fraction of the size of the U.S. economy, are experiencing large capital inflows, low interest rates, and the beginnings of a major boom. Countries with intact banking systems and access to global capital markets will lead the next speculative wave. The United States will be pulled in–probably soon enough that we will all be surprised by a supposedly robust recovery, fed by continued low interest rates and loose credit. We all know these episodes end in tears, but they can be spectacular while they last.”

    carrying on the nostalgia tip…

    Bin Laden dismisses Obama as ‘powerless’
    http://tinyurl.com/r53wd7
    Bin Laden argued against the claims that the war is necessary for US security, saying current White House officials are merely following the strategy of former President George Bush and former Vice President Dick Cheney to “promote the previous policies of fear to market the interests of big companies”.

    Iraq shoe thrower sentence to end
    http://tinyurl.com/mnet2t

  • @dan valley.
    what makes it’s worse is the distributors are self censoring assuming that it would be to much for peeps to take!
    if your secure in your faith why fret over other ideas.

  • @ gonzo …why fret…..cause peeps are dumb.. and if given the opportunity at critical thinking they just might snap out of it.

  • Britain’s own Watergate scandal (shurely shome mishtake? Ed)
    oh and Rio Tinto Zinc coup d’éta idea
    http://tinyurl.com/mhxll6

  • * People arguing over city ordinances, weeds, and how tall the grass grows.
    * Continued arguing over some jacked up adult store opening, which never opened and ended up as a court case between the county.
    * People struggling with finances because of job losses. I have not seen any tent cities around here yet but that may be because of a program that puts people into hotels and shelters. Although, that’s probably only temporary.
    * Crime