Stacy Summary: And I am sure Germany, China and Denmark will become superpowers for having the foresight or ability to replace the century old technologies on which we have been running our infrastructure. If RBS ‘may’ need more cash, they will need more cash. Think that £282 billion taxpayer funded ‘risky asset’ scheme will get tapped?
Tags: al gore · carbon billionaire · rbs86 Comments
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“@Frances,.Adapt, improvise,..why fight something, when you can use it?
Some old Indian gave me that advice!”
I will not bend the knee.
“Long is the way And hard, that out of Hell leads up to light”–Milton
Al Gore sued by over 30.000 Scientists for Global Warming fraud / John Coleman http://bit.ly/2dOiwE
HIGH BORROWING COSTS
Reuters: CIT carved for international banking interests:
“According to published reports, CIT would pay interest on the rescue financing 10 percentage points above the three-month London Interbank Offered Rate. This equates to an annual rate of about 10.5 percent.
The bondholder group includes Pimco, a unit of German insurer Allianz SE (ALVG.DE), and other large investors, and is expected to provide financing with a 2-1/2-year term, two people familiar with the matter said.”
http://www.reuters.com/article/bankruptcyNews/idUSN20660420090720
“This financing would be backed by unsecuritized CIT assets, which probably exceed $10 billion, one of the sources said.”
What occurred in the interim while PIMCO sat at the table, before PIMCO walked?
Don’t think that the interests that represent Allianz won’t turn on the EU commoners as well. They will in eventuality. This is not about the end of American empire. Terminus expiratus: fruition.
“Long is the way And hard, that out of Hell leads up to light”–Milton
Well, if Milton says it,..it must be the truth,…I’ll just find the path of least resistance,..tra le la,..
I have noticed some bashing of warren buffet, I have no stake in the matter but I recently heard that an old friend from kindergarten (haven’t seen since that time) is now working for warren buffet, and as the story goes – my old chum quit from citibank because he knew about some corrupt deals going on (now being investigated by the SEC) which is the main reason WB hired him – honesty. AS the story goes.
Max has mentioned this in brief, but could someone explain just why WB is crooked?
“why WB is crooked”
He found the path of least resistance also yielded a goodly profit margin.
If Gore is wrong and there is no market for what he’s selling than he’ll lose money.
Germany and China are not interested in debating climate change. They just want to make money.
Obama should steer entrepreneurs away from Wall St. America does not need any more financial innovation. America needs industrial innovation. If the risk/reward ration in industrial enterprises was the same as what Wall St. enjoys a huge wave of talent would switch from Wall St. to manufacturing.
not very specific…
Well said Max. Its pretty obvious in America’s economy now the focus is not about changing global warming and creating a new fiat system of carbon credits to be traded, ect. They are interested in creating jobs, whether or not anyone on capital hill actually follows this is up in the air. The large money in finance should be shifted towards tech, manufacturing, and education (seeing that the education system in the U.S. is crumbling). The production side of things should have come from a stimulus injection of money into domestic renewable energy manufacturing not into a failed banking system that wont lend.
“If Gore is wrong and there is no market for what he’s selling than he’ll lose money”
Gore is subsidized by criminal interests intent of cornering the market on risk. The interests are hoping to see a monopoly interest on capital flows.
Money making is a term rather obsolete at this point, isn’t it?
We should take this opportunity to dispel some modern myths:
1. Peak Oil: yes, most of the major wells have peaked and are in decline, but the Russian Academy of Sciences dealt with this 50 years when they proved oil was abiotic and then went about drilling where “no man has drilled before” and actually found oil where “it should not be”. We have enough oil for at least a thousand years – if not forever.
2. Global Warming as a “man-made” phenomenon. This is just insane on it’s face: studies conducted in the 70′s proved beyond any doubt that the entire population of earth could live in the state of Texas, a home for each family, fuel and food independent, with ease. The idea that such a PIMPLE on Earth’s surface could affect climate more than Solar Winds or the Earth’s precessional axial journey through the galaxy is fucking absurd.
3. So-called “pandemics” such as “Swine Flu” and AIDS are obviously the work bio-war technology laboratories.
4. Wars, whether “on” drugs or “on” terror or “on” “undemocratic” states are the exact opposite: they wars OF drugs and OF terror and OF undemocracy.
All in the interests of a select monied class.
@Illya
The “Abiotic Oil” Controversy. http://www.theoildrum.com/story/2005/11/4/15537/8056
@Frances,…Allianz,. A= pyramid l l= Jachin & Boaz ,..and ianz is the anagram of nazi,…(I was bored)!
@Dedo:
@Max
Why is there not a vigorous push for nat gas and coal in the states. South America supposedly is off oil. Any thoughts Max?
@Dedo:
Not to worry. As Stacy mentioned, this is the “comment section”. The basement of commentary when perhaps one is noticed when the uppers come looking for a bottle of wine. Then it is, “Boz. That’s a bad year.”
The point of notice is a point in itself. Noticed but never seriously discussed, mind you, like a toothache or a rectal spasm.
Winifred. What are you wasting your time reading the “comment section”. Might as well go for news from the Daily Mail.
Alfred, it is so interesting. These people aren’t even paid to spend their time rumitating.
Well *sniff*. Pardon, did you say you noticed what was written? Might as well notice the back end of that new rector, what was his name? Blankemfinely? The papers are here to service our needs. Those bloggers are below consideration.
Yes, Alfred. But I do like a good go at trash occasionally. I fancy some tea.
How does one create an account here? I tried using my WordPress login, but it says ERROR: Invalid username. When I try the Lost your password? with my email, it can’t find me either. But I don’t see a Create account link anywhere. Can anyone give me a clue? Thanks in advance.
The New Jersey Governor Corzine the former CEO of Goldman Sachs was defeated yesterday.
Couple things..
First, This Gore fellow needs to die in his sleep tonight. This guy really pisses me off. What a waste of skin!
Second, Can we not sue people for talking about global warming and climate change, since when these people continue taking about they are exhaling CO2 into the air?
He’s got a point but I guess that’s why most people come here.
The New Voice of America
http://inpoints.blogspot.com/2009/11/new-voice-of-america.html
@Max this is plain wrong…”If Gore is wrong and there is no market for what he’s selling than he’ll lose money.”
Well not exactly as we have seen all these god damn blood sucking parasites called politicians have a uncanny way of getting programs designed to create markets for their ideas, projects, etc….just like tarp,talf, ad nauseum…this is the age of orwell..losers are winners, winners are losers, heads they win, tails they win…same ole, same ole.
The guy basically made a movie and used politics as means to push his fully invested agenda..I have no problem with clean environment and clean energy but this carbon credit crap will be another derivative market to hide transactions, favors, payoffs, and anything else you can imagine..oh yeah and your favorite ibank will be one of the toll collectors, ie Goldman.
Ratigan’s Four Simple Yet Brilliant Proposals On How To Fix The System
Dylan’s four (shockingly logical) proposals on how to fix the broken financial system:
* Inject transparency, primarily to bring almost $500 trillion in swaps to the forefront.
* Capital to back Wall Street’s gambling. It is a guarantee that very few firms will have Goldman’s trading pattern each and every quarter.
* Enact a tax-code to discourage short-term profits. “Fortunes should not be made in minutes but over years through the creation of value to society.”
* Break up the Too Big To Fail banking institutions. Start with Goldman Sachs. Right Now. Christine Varney, we are still looking at you.
http://www.zerohedge.com/article/ratigans-four-simple-yet-brilliant-proposals-how-fix-system
Will the Democrats Lose in 2010 (or 2012) Because They Won’t Pass Real Financial Reforms?
People elected Obama in the hope that he would be different from Bush. But in the most important ways, he is just continuing Bush and Clinton’s (think repeal of Glass-Steagall) worst policies.
Both the Republican and Democratic party leadership have become lapdops for the big banks and the status quo. Neither are open to real reform or change.
The Democrats haven’t broken up the too big to fails. They haven’t restored Glass-Steagall. They haven’t really reigned in credit default swaps. They haven’t pushed for honest accounting or forced the giants to put their toxic SIV-hidden assets back on their books.
People are sick and tired of both parties’ catering to the big boys.
http://www.zerohedge.com/article/will-democrats-lose-2010-or-2012-because-they-wont-pass-real-financial-reforms
@Dante:
Do you think Rat-again thought those points up himself?
http://www.financialstabilityboard.org/publications/r_090925b.pdf
http://www.portfolio.com/views/2009/09/09/financial-executive-pay-should-be-limited-through-taxes/
http://www.globalpolicy.org/component/content/article/216-global-taxes/45999-the-tobin-tax-and-exchange-rate-stability.html
@Dante,..Great posts,..thanks!
More on how the big boys want to save us from the evils of capital:
http://pumasunleashed.wordpress.com/2009/09/14/robert-kuttner-supports-the-tobin-tax-on-wall-st-financial-transactions/
http://www.prospectmagazine.co.uk/2009/09/a-tobin-tax-for-wall-street/
@Dedo your welcome!
@Frances…whatever
Looky who had the idea at first!
“But the more fundamental thing, especially for regulators like me, is to realise that what has occurred has imposed huge economic harm throughout the world and so we really do have to work out how to stop it happening again in five or ten years’ time. And that requires a very major reconstruct of the global financial regulatory system, and I don’t mean a minor adjustment.”
http://www.prospectmagazine.co.uk/2009/08/how-to-tame-global-finance/
trickle-down regulations…
@Dante:
Yeh, whatever. I believe Rat-again thought those points up. And when they are implemented and we no longer have any access to any capital I will be eating the same canned-peas-company menu you will…but probably not Rat-again. He’ll be rewarded.
@frances…did I say he made them up? The point is they could be implemented if they wanted..not that difficult…they don’t want to.
No canned peas..fresh vegetables from friend that owns farmers market…whats that they say in Japan? Ah…oh so sorry.
@Dante:
Do you believe Zero Hedge came out of nowhere with Tyler Durden as a fighter for the common man? Did you read the comments after your link to the proposal for the Tobin tax? Do you think that the readers feel a might bit betrayed?
Why do I get whatever and Tyler Durden three cheers?
Whatever, to you, Dante. When cockroaches pull down your sheets, do you jump into bed?
@Frances…no cockroaches..have exterminator…do you need his number? sounds like you have problems.
“they don’t want to”
“They” that don’t want to might be the only friends we’ve got now.
It’s all about ecology, Dante. Once the capital flows are limited to the insiders then the killing can begin. Guess the exterminators will be busy then.
Cheers.
@ stacey @ all
You have crossed the Rubicon of HuffPo-type disassociative denial. You have entered the fuedalist plutocrat realm of douchebags for the Imperium.
I genuinely feel sorry for you: by denying the reality of the Kh*zar control of banking and commerce for the past two thousand years, you are either Deliberately or Insanely propping up the system that has led us to this day of NWO reckoning.
In all sincerity, I feel badly for you.
I wish you well. Adios.
Illya
What now say I?
Broad-square the base
No face
Sets mottled gray-green stone
No trace
Of love casts clear-eyed shapes
Beyond
My heart beats fast
No words allay
The fate is cast
Without delay
To run upon
The silent quest
Till time itself
Mocks this great death
Behest leaves yet a sigh
Return small ones
The winged flight
Upon the clouds
Brings fast the night
To writhe and moan
Spun with the rain
Sweeps clean the wildest
Hope again.
Name of the father, the son, and Goldman Sachs!
Goldman One-Ups Gordon Gekko, Says Jesus Embraced Greed
“The injunction of Jesus to love others as ourselves is an endorsement of self-interest,” Goldman’s Griffiths said Oct. 20, his voice echoing around the gold-mosaic walls of St. Paul’s Cathedral, whose 365-feet-high dome towers over the City, London’s financial district. “We have to tolerate the inequality as a way to achieving greater prosperity and opportunity for all.”
via Profit `Not Satanic,’ Barclays Says, After Goldman Invokes Jesus – Bloomberg.com.
http://trueslant.com/matttaibbi/2009/11/04/goldman-one-ups-gordon-gekko-says-jesus-embraced-greed/