Stacy Summary: Interesting that the article about China turning to Adam Smith is not about them turning to The Wealth of Nations but to The Theory of Moral Sentiments. This is about the opposite of market fundamentalists who only choose selective writings to support their ideology.
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:-;
Obama will visit Mauritius next
Mauritius, protectorate of France?
I need a bailout to finance my silver purchase.. phone number to Timmay?
Gordon Brown: countdown to leave Afghanistan could start next year
http://www.timesonline.co.uk/tol/news/politics/article6919141.ece
Gordon Brown’s Brown nose Obamas Pet Dog
RODFL
No!
He withdraw to Hellmann, where the Poppys are!!!!!
Mike
Gordon Brown is a puppet, he simply says what the men behind the curtain tells him.
@ Mongo I know that Mongo
But the way all of UK’s PM’s suck up to all US Presidents is so puke’y Common Man be man with Balls you are a suppsed leader of UK.
I think Margret Thatcher had more Balls than anyone PM since then
Interesting. Maybe one day, we’ll have China lecturing us of our past sins . . . torture and such.
I Tink the Comedy Serial “Yes PM” is one of my all time Fav. Comedy Series
Mauritius has legions of Swiss expatriates who bought land or condos. And it’s well isolated for weathering the coming storm.
The lesson? Buy gold wherever you can find it!
Ironically I think I either saw or posted a link to the Revere Bank of Mauritius only about a week ago.
Who knew they would buy Gold.
There are at least 2 Indian Ocean islands that are important offshore banking centres, so that should not suprize me.
Adam Smith taught at Glasgow University – where I failed Maths and Physics
“… Goldman Sachs plans to market a new financial instrument that will allow banks to reduce the capital required to hold risky assets on their balance sheets. Goldman calls this product “insurance” and expects to sell it to the banks with toxic portfolios, enabling them to shift the risk off their balance sheets….”
The Nation
The Money Man’s Best Friend
http://www.thenation.com/doc/20091130/greider/single
next step belly-button lint!
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Adam Smith taught at Glasgow University – where I failed Maths and Physics
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Doing badly at maths and physics in an American university does not carry that much shame as the K-12 education system completely collapsed in the 1980s.
Maths and Physics eduction in the US is some of the worst ever, and unless you have an adequate chemistry teacher then chemistry is 3rd.
Universities in the USA (the UK, I have no idea here) are top loaded with top paying forien students from mostly Asia with drabs from Eastern Europe, Africa, Americas and Australasia.
These foreign students already have taken 2 or 3 calculus classes before they take Calculus II or II in the USA … and the domestic students (even the few that got Calculus and Physics in High School) CANNOT COMPETE.
Even as late as 1988 high schools in Vermont were teaching Physics using the English System, not the defacto Metric. Needless to say, you come totally unprepared for university physics.
The collapse of American capitalism or socialism can be traced not only to peak oil but peak nepotism in the American schools.
Of peak nepotism, MK and bird know not a jot.
How about exchanging banker-politicians for soldiers. all soldiers come home alive and banker-politicians stay out and fight .
I feel sorry for the soldiers, I think there naive, who would want to be the last body bagged soldier, in a poorly explained war ?
Playing politics with election promises lies for lives, nice one, Labour Tories Libs the system stinks. Stuffing your faces while people die.
Those who think the USofA rules over the Anglo part of the establishment are very much mistaken. The US is the the necessary evil military empire of the establishement. The biggest mistake is to believe the pantomime in the media. The USA is but a colony of the global empire with the source of power remaining firmly in the old world.
starstrike – well said
@All:
Questions from the Neophyte Chambers:
How do voting rights in the new G20 political structure correlate to trade privileges: how do sdr allotments correlate to voting rights at the IMF governing board?
Mauritius: has forex increased sdr allotment through the gold ‘sale’?
Is gold denominated in sdr or dollars for the IMF sales? Remember, the IMF bonds are denominated in sdr. If sdr, then how will the price of gold in dollars meet any support in eventuality?
What does the sdr represent: draws on other currencies within the basket through the auspices of the IMF allotment accounts, draw on IMF gold (Treasury gold is drawn at 43 dollars an ounce), trade privilege within the IMF board voting rights,
bond denomination for IMF bonds, sdr-denominated financial instruments for select companies?
Interest is paid the IMF when allotment of sdrs by a country dips below an prescribed formula. Who prescribes this formula (I assume the governing board).
At this point, the IMF gold ‘sales’ support the sdr most specifically with a support under a gold price denominated in dollars which is not supported by the sdr advancement.
Right?
I feel sorry for the soldiers, I think there naive, who would want to be the last body bagged soldier, in a poorly explained war ?
@Fibon11235:
I don’t feel any pity AT ALL for anyone supporting the wars out of the UN Security council: the Team USA/Nato is completely guilty of fighting for the furtherance of corporate privilege through dismantling culture, sovereign governments, through genocide, through rape and pillage, through whatever means necessary up to and including the Boy Scouts of America. It is the fault of an individual for his own acts: there is no collective guilt.
It is criminal.
Have you goldbugs ever heard the “deep storage gold” + “Quality Swap” conspiracy?
Check this out:
Rob Kirby took a look at the “deep storage gold” of the US Treasury and the “swaps” that take place.
http://www.marketoracle.co.uk/Article661.html
http://zapruder.nl/portal/artikel/goochelen_met_goud_waar_is_goud_in_fort_knox_gebleven/ (in Dutch but you can click blue links)
So what is the treasury actually auditing in Fort Knox?
And do they ever adjust gold bookvalue at the treasury?
Check: http://www.fms.treas.gov/GOLD/current.html
“It will take time for the population to realise that the role of the state is not to fiddle with prices. Similarly, the time will also come when people will accept the notion that real wages should only increase with productivity, when exporting firms will come to terms with the fact that, in the long run, there is no such thing as an undervalued currency and when government and central bank will agree that the latter’s role is simply to combat inflation and not to help ‘collecting’ the inflation tax. In short, the ‘real’ has to be chosen over the ‘artificial’ and the ‘temporary’. The country is moving in this direction. Until then, Mauritius remains a one-time-lucky, middle-income nation.”
http://fazeer.wordpress.com/2007/06/03/imf/
Why not just CALL IT colonialism? France elite benefits?
@Sherbert: an excellent discussion panel on Al-Jezerra TV ( Eng) now with Jeremy Scahill, Gen(ret) Jack Keane and others…topic : Afghanistan
Mauritius is where those poor Diego Garcians are now living…