Stacy Summary: We spoke to these guys for Death of the Dollar 2. As we only had screen time for about 5 minutes of their 45 minutes of tape, I should post the entire conversation.
Standard Chartered Plc, Aletti Gestielle SGR, HSBC Holdings Plc and Scotia Capital Inc. say the dollar will depreciate as much as 6.4 percent versus the euro. About $12 trillion of fiscal and monetary stimulus, the world’s lowest borrowing costs and a record $4 trillion of government bond sales between 2009 and 2010 will weigh on the currency, they said. So will the nation’s 10.2 percent unemployment rate and signs that the economic recovery may falter, they said.
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first
Guess where the criminals are going or comming in my case ROFL
50% of FII investment comes from ‘tax havens’
NEW DELHI: Nearly half of the Rs 70,000 crore in offshore investment that’s come into Indian bourses this fiscal……. oh and 1$=45Rs so almost 20 Billion $
http://timesofindia.indiatimes.com/biz/india-business/50-of-FII-investment-comes-from-tax-havens/articleshow/5259167.cms
sorry 8 or 9 Billion $
Prison Factories:
Slave Labor for the New World Order?
…
by Charles Overbeck
Matrix Editor
[email protected]
The Justice Department reported in August that there are nearly 1.6 million men and women incarcerated in the United States — currently the highest incarceration rate in the entire world. This startling figure tops off a decade of rapid expansion of America’s prison population, fueled by a “war on drugs” that is steadily undermining the rights so succinctly expressed in the Bill of Rights more than 200 years ago.
…
…
…
http://www.parascope.com/articles/0197/prison.htm
Why they always have to place a question marke behind their headlines while it’s so obvious?
Prison Factories:
Slave Labor for the New World Order?
Better:
Prison Factories:
Slave Labor for the New World Order?
or:
Prison Factories:
Slave Labor for the New World Order!
(Maybe it’s the sueing culture?)
Who are the carry traders?
How about this.
Right wing mandates Prison Factories:
We need to usher in the Slave state NWO at an accelerated pace to remain competitive with China.
The curry traders are all from India
This might get ugly
Data horribilia: the HARRY_READ_ME.txt file
http://www.devilskitchen.me.uk/2009/11/data-horribilis-harryreadmetxt-file.html
it’s gonna be competition alright. war
they got it going in pakistan and iran is next. definetley change of where we were at a year ago. and quit with this beleif that there is any such job as president. JFK thought he was the president and he got wacked. bring jobs in to a country, pay good money. inflate the real estate. lend the people more than they can ever pay. move the jobs to the next sucker country. bingo. haha suckers we own it.
its a different world this time. they are creating a lot of dangerous men who know who to blame.
Anybody news about Congress being blocked from returning to their offices after the December break??
max :stacey why do i bother. 13 comments after10 hours. stacey: but we have to tell the people. max: oh ya right right right. well tell the people.
i love this site. one year or so on my favorite. 3 radio shows. 2 films. all real awsome. thanks
@ stacyherbert,
Any luck tracking down the elusive Mr Liu?
He’s suggesting what would in effect be an end to globalisation; capital controls.
Martin Wolf of the FT was very clear on the role of Asian surpluses in feeding the western credit boom.
http://www.atimes.com/atimes/Global_Economy/KK24Dj05.html
Asia Times Online, Nov 24, 2009
US should regulate cross-border cash
By Henry CK Liu
“In this season of debate on regulatory reform, an obvious area that has been crying out for reform seems to have been overlooked by government officials and market participants.
“Much of past and current global financial crises lies in the unrestricted cross-border flow of speculative funds and the ability of market participants to deploy cross-border speculative financial and regulatory arbitrage for risky profit at the expense of central banks and local market fundamentals.
“The reason low dollar interest rates do not help the United States economy is because hot money will respond by flowing into China and other high interest rate economies to profit from carry trade and exchange rate arbitrage, leaving the US with a persistent credit crunch.
“The only way a low Fed funds rate will help the US economy is if the US regulates the cross-border flow of speculative funds, thus forcing the bailout and stimulus money to stay within US borders to create jobs locally. It is a simple measure that could be easily implemented by administrative order.
“…Global financial crises will continue to occur until cross-border flows of speculative funds are regulated.”
Personally, I wonder if the movement of capital should be explicitly linked to equivalent freedom of movement for labour.
——–
And a suggestion to use taxation to equalise profit rates between finance and industry as a means to restore public accounts:
http://www.atimes.com/atimes/Global_Economy/KK24Dj06.html
Goldman Sachs and US demise
By Hossein Askari and Noureddine Krichene
“…The temporary tax could be levied on the excess profits of all federally rescued financial institutions, with excess profits defined as the rate of return on equity (before payment of bonuses) minus the average return for all sectors of the US economy. The tax would be temporary, enforced until the estimated damage done by the financial institutions is paid back. The rescued banks would still continue to make handsome profits for bankers and their stockholders. Bankers would pay back some of their above-average profits to reduce the US national debt and to compensate for the damage they have caused by their selfishness. …
“…Let’s make sure we’re ahead of the curve for a change. Institutions such as Goldman Sachs are bringing in huge profits right now. If the government calls on banks to help clean up their mess, then the American taxpayers might regain a measure of the trust they have lost in their leaders, who are so susceptible to lobbyists.
“To support this initiative and set an example, the US Fed should also stop enriching banks by acting as a quasi-fiscal institution. The Fed should stop paying interest on bank reserves. The Fed should refrain from inundating banks with free money in the form of zero-interest lending. Banks are not lending the money to the business. Instead, banks are lending the same money to the Treasury and are taking big trading risks, and are making obscene profits to enrich themselves at the national expense.
“Such a policy is purely redistributive in favor of the banks, imposing a huge tax on workers and pensioners, and requiring trillions of dollars in bailouts. The government must stop frightening Americans by saying that the sky will fall if they take retaliatory action against the financial institutions that have been responsible for our economic crisis.
“With the dollar in free fall and gold, oil and food prices again on the rise, foreigners will do whatever they can to protect themselves from losses in their dollar-denominated assets. We must act now before a full-blown dollar crisis, an oil crisis and hunger also envelop the world.”
Hossein Askari is professor of international business and international affairs at George Washington University.
Noureddine Krichene is an economist at the International Monetary Fund and a former advisor, Islamic Development Bank, Jeddah.
Once the US collapses the people who caused it will run countries and steal your futures. If they whish to sruvive We Americans can be quite ugly when motivated. . At least the the countries whose future we hav not taken away yet.
Dmitry Orlov’s latest:
http://cluborlov.blogspot.com/2009/11/giant-monsters.html
I’m sure this article has been posted, but this is a classic quote: