Stacy Summary: Morning y’all!
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
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- Violent Protests in Greece; 6 Cabinet Members Resign; LAOS leader "I Would Rather Starve Than be Under German Jackboot"; Controversy Over Missing Paragraphs
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crash banksters – Buy Silver & gold
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Most recent: 
Plus F#$Iing Americans can’t even speak Spanish! when they are surrounded by these basterds everywhere! and travel there frequently! China ! no way….. people just want to sound smart here
there is no Fuc%%%ing way you can’t even name a city in China another open air “FINANCIAL SCAM”
@Stacey&Max
I don’t get this urge to invest in China thing? unless you are a citizen and “goodLuck” with that!, image how we all get enslaved and robed in the ” promise land” of ” Free” America. I can’t image how an insignificant American investor would be treated in China!
I’ll have to say for sure that that looks like “Bad Bud Blow” to me!
@max If you want to put your face in the grass in New Zealand as discussed on the show, might I suggest this location:
http://maps.google.com/maps?hl=en&client=safari&rls=en&resnum=0&q=muff%20road%2C%20orari%2C%20new%20zealand&um=1&ie=UTF-8&sa=N&tab=wl
“I spent 33 years and four months in active military service and during that period I spent most of my time as a high class thug for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.”
-USMC Major General Smedley Butler (1885-1940)
Hurry ! Hurry ! Go get your gizmo gitmo ! Gitmo USA ! Number ONE ! Gitmo my ego !
How’s about that for a slogan Underfundedmentalist. I find it quite cool.
Long live Osamabammamammtalibannamammmaman ! You see.
That way. Nobody can accuse me of being in the KKK. Multinational slogan.
Few months old but still a nice contrarian read for anyone interested in the situation down under.
http://www.wsws.org/articles/2009/nov2009/bank-n11.shtml
Australia’s “rock solid” banks: the financial crisis one year on
By Alex Messenger
11 November 2009
That Australia’s banks have not only survived but made enormous profits in the first year of the global recession might, on the surface, indicate that they are exceptionally robust. That view certainly dominates in the Australian corporate press and the Reserve Bank.
According to Michael Stutchbury, economics editor for Rupert Murdoch’s Australian newspaper, “the banks have been the first line of defence against the global financial crisis” and Australia “has one of the world’s most resilient and effectively supervised financial sectors.” In a similar vein, Ross Gittins, writing for the Sydney Morning Herald, claims that “one of our greatest strengths compared with the Americans, British and other Europeans is that although some of our lesser financial institutions have failed, our banks have been rock solid.” Gittins alleges that strong regulation stopped Australian banks from getting too involved in the so-called toxic asset trade in the lead up to the 2008 crash. He praises the country’s financial overseer, the Australian Prudential Regulation Authority, for making sure that local banks, in contrast to their overseas counterparts, keep their capital reserves relatively high in relation to their debts.
Commentary like this is not just superficial. It represents a conscious re-writing of recent history and a falsification of the banks’ real position. One year on from the crash, the financial elite is keen to hide the distinctive weaknesses of the Australian financial sector and of the Australian economy more broadly. It is desperate to promote the idea that national regulation is an effective prophylactic against global financial shocks. Most importantly, the various financial commentators try to obscure the role that the Rudd Labor government’s ‘wholesale lending guarantee’ has played in saving Australia’s four major retail banks and extending the reach of their oligopoly.
The role of the wholesale lending guarantee
The Labor government passed its so-called ‘wholesale lending guarantee’ into law in November 2008, assisted by an apparent pact of silence on the part of the finance sector and the media. The lack of reporting belied the enormity of what was happening. For a small fee, government would now guarantee all of the banks’ overseas borrowings, including the rollover of hundreds of billions in existing debt. This was not just a case of government lending the banks a helping hand in hard times. Rather, Australia’s four big domestic banks had told the government in October, as the world went into financial meltdown, that without its backing, they would collapse.
How did the Australian banks come to be effectively insolvent (i.e., bankrupt) by October 2008? After all, it is certainly true that they had been far less involved in the global securitisation trade than most other major banks in OECD countries. They were far less exposed to the world of toxic debt.
In truth, Australian banks were no less vulnerable to the events of 2008. They were not reliant on the trading of worthless assets to make their profits, but they did depend—and this has always been the case for Australian banks—on the constant inflow of overseas capital. Nearly 50 percent of their capital is made up of offshore borrowings. When the taps were suddenly turned off after the collapse of Lehman Brothers in October 2008, the banks were in as much trouble as if their assets had been valued at zero.
The nature of the insolvency risk is discussed by Ross Garnaut and David Llewllyn in their book, The Great Crash of 2008. Garnaut, a senior economist and government advisor, and Llewellyn point out that some of the banks’ overseas debt was already due in October 2008 and they had no means of refinancing it. Bankruptcy was therefore instantaneous. “There are no degrees of insolvency,” the authors point out. “A firm is just as insolvent if it is not able to meet its financial obligations as they fall due because it cannot roll over debt, as it is if the value of the assets in its balance sheet is deeply impaired. The difference is that the problem on the liability side is much more easily (and in most cases cheaply) repaired by a guarantee than the problem on the asset side [which requires actual bailout money]. The sudden risk of insolvency in Australian banking was simply a more tractable problem than those experienced by other Anglosphere nations.”
One year on, there is no real prospect of the banks coming off life support. The wholesale lending guarantee remains in place, not only because of the insolvency risk, but because the guarantee is a cheap money bonanza. Australian banks are relatively small institutions in global terms, but their guaranteed borrowings make up 10 percent of the total publicly-guaranteed debt that has been issued globally in the past 12 months.
The two largest government-guaranteed bank bond sales so far (a combined $7 billion raised in New York by the Commonwealth and Westpac Banks) occurred in the last six weeks. In these circumstances, the public has a right to be skeptical of the banks’ assurances that they will be giving up the guarantee any day now. “There’s certainly a growing acceptance of non-guaranteed product offshore,” said Commonwealth Bank’s treasurer, Lyn Cobley, last month. “All of [the banks] are very focused on moving away from the guarantee, in due course.”
The banks, via their PR vehicle, the Australian Bankers Association, claim to be outraged by Garnaut and Llewllyn’s observation that they were insolvent by October 2008. Their denials, however, do not involve opening their balance sheets for scrutiny. Rather, the banks say that the insolvency allegation “is contradicted by a lot of evidence”, including that they “were able to maintain credit growth [throughout the crisis] including lending to small business”. That claim is a demonstrable lie. Reserve Bank statistics are unequivocal in showing that business lending declined by $17 billion in the first half of 2009.
“Moderate” capitalism and regulation
According to the financial sector and its media cheersquad, not only are Australian banks unusually healthy, but that health is the product of distinctively strong capital reserve rules that prevented wild investment in securitised assets and other toxic debt packages.
Behind these claims is the proposition that strong and sensible rule-making will protect ordinary people from the forms of financialisation that brought the world banking system to its knees. On this view, and consistent with prime minister Kevin Rudd’s attack on US-style ‘extreme’ capitalism, Australia is a beacon of moderate capitalism. The Australian example has a global significance in this respect, supposedly demonstrating what can be achieved through sound regulation and restraint.
These claims are just ideological gloss. Firstly, and as Garnaut and Llewllyn point out, the fact that Australian banks were not greatly or directly exposed to exotic financial instruments at the moment the system crashed, was no more than an accident of timing: “the major difference between Australia and the US is that we were four years behind”. Moreover, there were no specific rules that would have prevented, or now prevent, the growth of securitisation and other fancy debt instruments—developments that Garnaut and Llewllyn call ‘shadow banking’.
Secondly, there is nothing moderate or restrained about the mode of accumulation employed by Australian banks, that is, the unrestricted and unregulated import of hundreds of billions of dollars from overseas for the purposes of ploughing that money into the domestic property market, especially into housing, creating a huge housing bubble and even bigger profits. As the banks’ sudden 2008 insolvency demonstrates, that business model is as dangerous, both for the banks and the economy more broadly, as any on the globe.
The Australian banks’ recent experience underscores the fact that no national economy can be “protected” from the ravages of the global capitalist financial system. Those who agitate for a national ‘delinking’ are hopeless utopians under conditions of an integrated world system of production and distribution.
In the case of Australia, the country’s attractiveness to capital markets is dependent on perceptions about the prices it will fetch for its commodities. This depends, in turn, on the uncertain future of Chinese growth, not the alleged sobriety of Australian bank regulation. When global commodity markets turn and the money dries up, as it did in the depressions of the 1890s and 1930s, Australian banks collapse practically without pause. The difference in 2008 was that Rudd Labor intervened to save—at least temporarily—these lions of private enterprise.
My grandmother hated playing canasta, (a card game) with me. I played to win at any cost, all or nothing. In chess I would sacrifice my queen to take my adversaries queen, I played to win whatever the cost. The Chinese will sacrifice their holdings in the dollar tor the same reason.
I don’t believe anything anyone says thats associated with washington d.c.. They’re all liers. Except for a handful. ANd I mean a handful.
Its the politicans job to screw the people of his country. 99% of them are bought off bootlickers of banksters. And thats a fact.
At Marc Authier 12:01
Agreed about scapegoat on the Tiny Tim, I would expand it. Scapegoat as the game plan. One after another a long series of em. All they do is run out the clock
No I didn’t mention Geitner just because he is too obviously a sacrifice candidate, and I for one don’t believe anything he says, So I figured he ain’t worth much per se, and will be jettisoned soon, or kept on, which ever is more cost effective.
I would make a guess that they all really just ‘stand in’ for, ( that is they all fill space,) until no longer plausible. When the heat is too much, then throw em overboard and ‘do the “take forever confirmation hearing thing” with a new doofus.
These public officials stand up and jibber jabber, and all that, and now you see the best example ever of how to tap dance away the night. IT tests the limits.
The pol sci people testing limits. And they are amazed how little is needed.
The peeps are “mad as hell and/ But… they will take it a lot more… ”
Just like throw away consumer items, now days you don’t repair, just replace.
Now we’er just satiring here ya know…
@Palantari:
SG is just as distracting as those he continuously agitates and spurns. I can’t imagine why he complains seeing as he is one of the worst offenders to going ‘off topic’.
@Harry is a snob.
@SG @Harry_w – agree, too much random comments on anything but the topic (my comments included).
I do think it is bad for this web site, especially for newcomers who must really scratch their heads when visiting a topic and get to read 1 in 5 comments on topic if their lucky.
The Jibber Jabber section has not helped, nobody cares. There are many good links in the comment section but often very displaced, there should have been a ‘Birdfeed’ or something for news links and tips outside the comment section under each topic. Yeah the site should get some discipline back.
@Jim:
http://farm4.static.flickr.com/3107/2618228592_bb68961a5f.jpg
Frances…you have no sense of the vastness..how everything is either so much bigger; or, so much smaller than thee. It’s striking how little understanding you have regarding the very odd, yet overwhelming fragility & tenuousness that underlies all.There’s no real physicist or mathematician…that believe or trusts any of it…they know better.
BTW…most Western Science came from ex-nihilo….Genesis. Jean Buridan, Issac Newton…the laws of Motion: as well as the three laws of thermodynamics…without that you have NOTHING…particularly ….Ballistics.
You remind of a bug on a windshiefd that wants to debate.
The Sanctity of Military Spending http://www.informationclearinghouse.info/article24504.htm
Remember Frances. YHWH never showed his face…always voices in bushes or clouds….YHWH could not be pronounced or thought of….except to deliver the next avenging SWORD.
Hi Max and Stacy,
Interesting comments this morning about New Zealand’s position.
Right now the NZ dollar at more than 70 US cents is trading in the upper portion of its range. With the current correction in gold, this makes buying gold (and/or silver) from NZ a very good investment at this time – you might land a double whammy of increased gold prices and a lower NZ dollar.
Altho NZ is a commodity producer, we have the disadvantage that we borrow big sums of money (largely USD denominated) from abroad, hence we are particularly susceptible to any US rise in interest rates.
If Steve Keen is right, and there is a large fall in Australian house prices yet to occur, then a concomitant fall in house prices here is inevitable. Since 90% of NZ household wealth is tied up in their houses, look out below.
Lastly, our Casey phyle here in Auckland would be happy to entertain you and Stacy, should you care to visit:-)
PS. NZ makes some excellent wine LOL
Addenda: Frances, I forgot the holiness wise-crack. Holiness has always applied to the sacred. Up until the Nazarene: Nature was sacred: Nature was the Divine Reality. Any disruption or disturbance of Nature was considered PROFANE…causing, provoking the “sacrifice”.. The Nazarene made Spirit…that is Purpose(love,mercy) sacred….and lack of Spirit: Profane.
How many times have you heard the “the Nature of Reality”. They actually mean the “reality of Nature”…..that’s the Problem….and none of your sophmoric “spitting” will impact that in the least. You have actually initiated a war on anthropology…with little awares.
Francis…Hell is Death. The Nazarene removed Death. That is Mercy…..granted by Faith.
Once again, you have totally missed the point. You insist on being a clerk; an aspiring scribe.
Francis…I know more about Amerika; than you could ever hope to…your Amerika is pure sentiment & impression. My America comes right out of the fucking GROUND. To you Amerika is a cheap asethetic; a superficial decoration; a tawdry ornament. To me….America is a soul fighting for its very life. Like Chesterton felt about England: I love America because it is small & weak & silly…..I dread the place when it gets big & strong & powerful. If you were English; you would love Kipling.
I am past curious about your circumscriptions of Amerika…should you be so brave-heart.
“Hell is the estrangement from God’s Mercy.”
I’m not confused in the least. Man created hell as a failsafe for those who would to marginalize others to their control: it is not a reality any more than your ideas about America are a reality. Hell is a perspective, a very sad and sorry one.
“Jesus” himself said that unless we believe he is who he declared himself to be (according to some human author) then we ‘die in our sins’, aka burn in hell. Well, I don’t, and I’m not writing myself into your profound understatement of mercy wanting.
I don’t choose your old gods or your new god or any of your philosophical sprocket-wound progression to holiness. You have written yourself onto the stone tablet: enjoy your cold castrated contemptuous catalogue.
These Geithner and Paulson, Bernanke guys must really hate each others guts..Do they go to padded rooms to scream it out every now and then?
@ SG,
Very true, so many comments and so little to say. So much pseudo-intellectual spam.
Frances…you are obviously challenged in the field of comparative literature. You are right; the Nazarene was the sacrifice; in order to end all other sacrifices….mimetic violence(naturalism) was overturned.
The issue of fulfilling the Old Testament….pertains only to “the chosen people of Israel” transforming into the chosen people of Faith….ie. the people of Israel are those of faith…not by natural, temporal incorporation.
Hell is the estrangement from God’s Mercy. The Nazarene revoked the Old….the Old is the God of Nature(matter)…the New is the God of Mystery(spirit); no more gnosis, no more law….no more space; no more time. Thought of Amour Sui; rather than Amour Dei causes separation; deformity. It’s an ordering concept….for spiritual balancing. The Old Gods were invisible, antagonistic, indifferent; OUTSIDE. The New God was visible, embracing, forgiving; INSIDE, WITNIN….a universe of DIFFERENCE.
Stay away from Dan Brown & other spouting secular mullahs.
Try people like Eric Voegelin…Mircea Eliade…Rene Girard.
To confuse the Nazarene with the Church or its practitioners…clearly misses the POINT of His Sacrifice & its Meaning. All other cosmologies made Matter it’s Divinity….”my kingdom is not of this world”…death(man’s greatest fear) is overcome….only by overcoming death can man LIVE….the rest is a Darwinian Dog Race….not a Divine Dance.
Overall. I would love to see a humanist, secularist like yourself…apply similar standards of “analysis” to the “fields of humanism or secularlism.
@s.herbert
ME(P) mentioned earlier that The Whitehouse website has a 2,500 character limit for posters…. does this website have any such limits… or what about any limits on an individuals comments per day???YEAH… some discipline… that’s what we need, it might help some of these mental masturbators learn to concentrate!!!
@Sherri Young
I will read it tomorrow, and write here how i understand it.
we did not do anything wrong … it just looks that way.
nice.
Geithner Told To Quit After E Mails Reveal Involvement In AIG Cover-up http://tinyurl.com/y9j2b8f
@ES
huh… mental masturbation… yeah… for those that can’t cop!!!
@Jim:
The Nazarene’s God didn’t change: the Nazarene just became the sacrifice. And the Nazarene did not do away with the concept of hell. Where is the mercy in that? That’s the ‘with us or with the enemy’ doctrine.
And don’t get snippy. You should apprehend the idea that your New Testament is just as harsh as the Old: in fact it is harsher. Jesus came not to do away with the old but to fulfill the Old in the New. Mere thought became sin in the New, whereas action was only indicted in the Old. And we’re still stuck with Mose’s tablets as well:
http://www.youtube.com/watch?v=pkRYaMiP4K8
@Marc:
@Marc Authier
But I fully agree on the ” Congress and the Senate and the Whitehouse are implicated.” part.
Geithner is NOT a lawyer…in fact, he is barely trained at anything…His father was a big-shot with the Ford Foundation always stationed in the Far East. Barack Obama’s Mother worked for Tim Geithner’s father…small world….The Ford Foundation is as CIA as it comes….again they all call Rodgin Cohen….home of the Dulles, Robert Lansing Dulles Uncle & John Foster, the Dulles great Uncle….Avery Dulles just died as a Roman Catholic Cardinal…strange for such a staunch Presbyterian crowd…Wild Bill Donoven…the founder of the OSS was also at Sulivan & Crowell.
Domestic Policy prepares & accommodates Foreign Policy…no welfare state//no warfare state….no warfare state; no welfare state…that’ the Kubuki everyone notices…but can’t fathom.
Oddly enough Jewish historians treated the Musselman very favoorably until the 1950-60′s. The Musselman certainly treated the Jew much better than the Christian overall.
If one were to read the Koran & read the Bible(old testament) without the cover…it would be very hard to know which was which….for a long time Jews were considered Arabs who couldn’t ride.
Allah & Jehovah…along with Luther’s & Calvin’s God…were Gods of War, Punishment & Justice. The Nazarene’s God was one of Mercy, Forgiveness & Peace…no more sacrifices, no more scapegoats(Girard). Reading straight from Anthropology(Eliade)….man has always sought a merciful God….but could not pull of the introduction & certification.
@Marc Authier “Geithner is just a useful whipping boy.”
In a way that’s true but also not true. Following that line of thinking Heinrich Himmler was just a whipping boy of Hitler to take the blame for the dead camps which he established on Hitlers command and nobody was guilty in the end cause they were all following orders so only Hitler was bad.
Well not on my watch. Geithner is a very smart lawyer who exactly knows what he’s done and why he has to keep the secret to keep in his position. He knows that he can be accused to be a smart ass lawyer so he denies that.
@Snoot
IMF included. You are right.
@Marc:
Why do you give a go to the IMF in your Geithner/associations list?
@joe schmoe
Geithner is just a scapegoat. I don’t like that rat, but let’s face it..He is just a useful whipping boy. ALL the bastards including the political bastards in the Congress and the Senate and the Whitehouse are implicated. ALL the rotten political scumbag class is responsible. People are convinced Geithner removed, things will be different.You have to be real naive as an elector to beleive that. Geihner wil go and a couple of weeks after that, NOTHING will have changed.
Israel was never referred to as Israel;(by Jews & others) always as Palestine, until very recently(1948ish)…that alone explains way too much.
Even in the early 1800′s…Hegelian Heydays….Certain Jews, Disraeli, Moses Hess & his gang spoke of Palestine as a remedy to the assimilationists(western europe)….versus….religious(eastern europe-pale)….problem. However, it was spoken of a a European beachhead in the ME…and this is well before Baku.
WW2 saw 5 mill eastern european religious Jews killed….but only a 1 mill assimilationists western Jews killed…interesting breakdown. Remember, the US & Russia both recognized “palestine//israel within minutes of the Declaration of Statehood…not a co-incidence by any stretch . All of the commisars(KGB) in the Soviet Union were Jewish(followers of Marx; not Moses….Khazars; not Semites. Here in the US most of the Commisars are Jewish…again; followers of Marx not Moses. Marx hated Jews; particularly the religious. Benjamin Ginsburg at Johns Hopkins wrote a book titled “The Fatal Embrace”…he tackles this subject of Jewish servitude to the hegemon since Moses…well documented…Jews need the STATE’s protection..it is not a difficult leap. IE…Israel’s behaviour is well within historical expectations.
Thus, my overall impression is that with much complicity…Israel is being pawned; just like the rest of us. It remains the resources & the trade routes….and the ability to perfect full-spectrum DOMINATION…we are all Haitians NOW
Rectification: “Just watched Paulson stammering or stuttering (Not hackling) is answers again”
@Howard Beale 10:38 am
“Geithner’s questioning short ”
“to end in nothing short”
Waitin’ for Keith Oberman to get off his fat butt an go to a window. and say he’s ” slightly miffed and would… prefer if things could be improved… please…!”
Like Lazarus, Tim Osman (Ben Laden) rises suddenly from the dead. Killed in Pakistan a couple of years ago, he suddenly appear on TV. Al-CIA-aida and Obanana. Bouhhhhhh! Ben Laden from Al-CIA-aida is gone get you and eat you all. The CIA/Mossag bogeyman is back. Obey slaves !
http://www.thedailybell.com/765/Like-Lazarus-Bin-Laden-Rises.html
@ Marc Authier
Could be
But from me understandin is Mossad gave at least 4 months notice
meaning they were’nt involved
Google why Daniel Pearl was executed
Hic ;-(
C-SPAN3 Live Stream http://www.c-span.org/Watch/C-SPAN3.aspx
Just watched Paulson hackling is answers again and complaining that he agreed to stay 8 minutes extra and that it was 10 minutes instead. The SOB is a weasel!
“If the market has a liquidity crisis, why would you be intentionally draining reserves from the banking system? Don’t you think you ought to explain that to Congress?”
Did the market have a liquidity crisis, Sherri? Wasn’t the ‘liquidity crisis’ centered in European banks?
http://www.marketwatch.com/story/overnight-rates-soar-liquidity-crunch-stokes-fears?pagenumber=2
http://blogs.reuters.com/reuters-dealzone/2008/03/05/has-basel-ii-backfired/
Well, I missed Geithner, but got Paulson. What a lying sak.
@Jim 8:47am
“The point remains…educated people are STUPID….they have an unrelenting ability to swallow their own VOMIT”
“…Ayn Rand(another disgusting Naturalist smoke-blower… ”
Agreed and agreed.
But those prize educated minions are properly “conditioned, and socialized and varified and… and stamped ‘usda meat grade.” Diploma’d and “good to go.”
They also get a seat at the table. Witness the behavior of the leaders in every field, and see that it is… less than… remarkably wonderful. IE: the senators. The Ceo’s, even (religeous ‘poseurs’… ?) and on and on. They are as we say ‘educated’, some have probly been coopted from the sidelines, sports or what… true.
So now self teached folks will have to figger it out. You better off w/o text books anyways.
@Bonn
So Ben Laden from Al-Mossad-aida and Al-CIA-aida ia back from the dead suddenly ? Wasn’t he supposed to be killed by that the psychopaths bastards from the CIA in Pakistan. And suddenly ! the Al-Mossad and Al-CIA–aida rises frome the dead like Jesus. Freakin fascists clowns frome the CIA.
@Bonn
For sure. Fabled Enemies by Jeff Bermas investigate the Mossad connection. They really take us for imbeciles. 911 was probable a joint operation between Saudi Ariabia, the Mossad and the Pentagon.
http://video.google.ca/videoplay?docid=-2144933190875239407#
these guys don’t know how to play straight poker….they’re too “educated”
They dont know we got a “Royal Flush” now
And all they have is a strt8
But the cheat too Bastards
luckily they inter married and dummed themselfs down
so we happen to be smarter collectively
Hic
jim, yep, What is becoming ever more clear is how the usa government and wall street are one and the same. And the government is told what to do by the wall streeters. Not the other way around.
Of course they want it to appear that the government runs wall street. Har, har. That is becoming less evident minute by minute.
The IPCC and the banksters behind it are implosing.
http://www.prisonplanet.com/global-warming-fraud-collapses-amidst-deception-and-scandal.html
The usual crooks. The first greenies were the Nazis. The IPCC is in good company. It was never about saving Mother Earth. It was about their money. Money money money money money money and ways to rape you, to pillage you and plunder you. Nothin else. Pachaurigate and Goldman Sachs.
@ jim
Google 4 Israle students were documenting 9/11
with an Oriental chick err well old lady callin em in they were arrested and released
Plz stop thinkin someone is brilliant
“They just have Inside Info”
How much does it cost to get educated at Harward
What do they teach there
“Keep it in ta circle”
Hic
capacitor / transistor
too Hic
Could guide ya Tooo Drunk now
Hic
correction: the whole healthcare “debacle” is a payback to the Ins Cos to re-capitalize after all the losses…..real estate & others…interest income too.
so your premiums will pay for somebody’s policies….more Ponzi…
these guys don’t know how to play straight poker….they’re too “educated”
I have wondered alot on who it was that was taking money out of the system at the time in such a hurry.
Reminds me kind of when someone was shorting the airlines big time just before the 9-11 thing. Odd how some folks always seem to be on top of things just before they happen.
All tis shit ya see on ya screen
Boils down to 0 & 1
Hic
Digital age
they tryin ta work on a 4 stage capicitor like
meaning faster data transfer faster everyting
Hic
Still at experimental stage
uniquely *
uniquely * = Typo at me poker tables
So from now on using tat
Hic
uniquely *
@ Turbulence
If I read this January 24th posting by Karl Denninger on market-ticker.org, it was the Fed that drained the liquidity. Please read it and let me know what you think.
Thanks.
http://www.market-ticker.org/archives/P3.html
Let’s cut the crap – this isn’t the first time that this sort of raw threat has been made.
I will remind people that in September of 2008 when Bernanke and Henry Paulson demanded $700 billion for EESA/TARP, and threatened that “if this doesn’t pass the market will blow up.”
Well, The House initially refused to pass the bill, if you remember.
Do you remember what Ben Bernanke was doing behind the scenes at the time?
I’ll show you – once again – as I pointed out at the time:
Remember this? $125 billion of “slosh”, or excess liquidity, drained from the system in the four days from 9/19 – 9/24/2008.
To put this in perspective that was a drain of sixty-five percent of the total excess liquidity in the system – a “starvation diet” if you will – and that withdrawal was an intentional act!
The above is an irrefutable record of what The Fed actually did.
Remember that Bernanke’s argument at the time was that the credit markets were suffering from a lack of liquidity. That is, there was no problem with firms actually being bankrupt, but they were illiquid.
If that’s true why did Bernanke intentionally drain $125 billion from the system – two thirds of the market’s total excess liquidity – instead of adding to it?
What did the market do after The Fed pulled $125 billion in system liquidity out over the space of four days?
Do you remember?
Does this prove that The Fed intentionally crashed the stock market? No, but it sure is a damning argument – statements of “do what we want or the market will crash” along with claims that “the system is illiquid” coupled with an intentional liquidity drain at the very same time, and leaves open the question as to whether The Fed provided “a damn big nudge” to “emphasize their point.”
Remember the events surrounding this withdrawal of liquidity?
On September 7th, Treasury took over Fannie and Freddie.
On September 15th, Lehman failed.
On September 16th, The Fed loaned AIG $85 billion.
And on September 25th, the FDIC stepped in and effectively closed Washington Mutual.
Yet in the middle of this “liquidity crisis”, while Ben Bernanke and Hank Paulson were corralling House and Senate leaders in the Capitol and demanded $700 billion in bailouts for Hank’s unlimited and purely discretionary use, The Fed inexplicably drained $125 billion from the banking system.
And now they’re at it again, with Gibbs issuing thinly-veiled threats that sound suspiciously like the very threats that were made in 2008 – either give the banksters effectively unlimited access to the taxpayer’s jugular vein or the market will crash.
One has to wonder:
Did our economy fall down the stairs or was it pushed?
Three questions remain:
Is not a threat to destroy financial markets along with acting intentionally and directly opposite what you claim needs to happen an act of financial terrorism?
If it is an act of financial terrorism, why has it been ignored for more than a year instead of leading to a full investigation and hearing in front of a Grand Jury?
And finally, is the same thing happening – this time hidden because we can no longer see Federal Reserve liquidity actions in the clear light of day – once again, this time as a means of bludgeoning The Senate into reconfirming a man who is demonstrably unfit for his post?
Is the economy and our market being “pushed” once again?
Jon…give me your subject I’ll offer my suggestions…Thank You….but don’t mention it to Frances…she’ll likely burn both you, me & the freakin’ book.
@Bonn – hint for what? binary for 12345678
Using seven individuals ya can uniguely count to 128
Hic
Not if ta poison works after 2 days
Hic
1 fucker will have a nice high n kick ta bucket
ROFL
Other 6 will wake up petite if Lucky
Or
all 7 die ta next mornin
Or in between but the bottle will be identified
Hic
jim good stuff. Any recommendations on reading material to know more about this stuff. I knew some of it. But you have better detail of it.
No comments about Pacharigate Mother Earth ? New scandal at the IPCC. It’s about all these nasty financial conflicts of interests of the IPCC with Al Gore and (Quelle surprise !), Goldman Sachs. Greenies eating in Goldman’s Sachs hands for their own personal interests. Fuck scientifis objectivity. It’s getting funnier by the hour.
http://www.marketwatch.com/story/greece-wants-to-sell-its-bonds-to-china-report-2010-01-27
http://uk.finance.yahoo.com/news/greece-denies-reports-of-china-bond-sale-plan-reuters_molt-11aff76d01ff.html?x=0
A little smile…
132: The Number of Times Obama Refers to Himself in One Speech (‘White House to Main Street’ Town Hall, jan.22 2010)
http://www.liveleak.com/view?i=863_1264552231
@Bonn – hint for what? binary for 12345678…
No comments about Pachatigate Mother Earth ?
Frances…my country is REALITY….you are welcome to the rest.
with 7 dudes ya can get 128 unique addresses
Some will probably get spared
LOLOLOL
So 5 might be right after all
Hic
the actual start of the money issues was Revolutionary war…that’s how you got the First US Bank….and satellite banks in each of the city-states along the east coast…no different from today’s fed..
the second evolution was the Civil War …and major changes were made at that time….the industrialization was financed as always by European Central Banks…so no real need.
After the melt down of 1893 into 1907…things unraveled & in preparation for WW1…which they damn well knew was coming…the Arch-Duke was shot exactly a year after the Fed was created….with much help from Carter Glass…who became Treasury Secretary…that’s the fed…merely a sporadic formulation of the first US Bank & after many fits & starts….all in the European mold & in preparation….Nations are incorporation to fight WARS.
then the recovery from the utter destruction & dys-junction of WW1…all empires but the Amerikan were annilhilated….the 20′s were the re-flationary offset coming from the post-ww1 compression. Carter Glass, now a congressman or Senator??…stepped with Glass Steagall…along with many other measure to boot…
It’s all part of the same menacing narrative…nothing’s changed…just more piling on & more layering dependent on poor education and generation memory LOSS.
In 1900 there were 100 mill Amerikans…and 1 billion worldwide…100 yrs later 300 mill Amerikans & 6 Billion worldwide…look at it as the problem of large numbers…scale issues not substance.
Oh forgot the pison works after 2 days
Hic
@Bonn:
Are you keeping tab of your drinks with binary code now?
But if ya reached 5
I am all game ta hear
Hic
Hint *
0000|0000
0000|0001
0000|0010
0000|0011
0000|0100
0000|0101
0000|0110
0000|0111
Hic
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.
If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Check out the clip at
http://zerohedge.blogspot.com/2009/02/how-world-almost-came-to-end-at-2pm-on.html
so why does the whole system has to collaps when the people take THEIR money from the vampires?
Cause Banks are leveraged to their balls.
This System is an ongoing negative spiral who will Crash themselves.
Every day they live on the shoulders of the workers and savers is an day too much.
@ Giuseppe Bagodonutti
Close
Hint *
Ans is 7
Hic
did someone break paulsons little finger before he entered the room.
Paulson,” If you didn’t allow the banksters to loot your country the world would have ended as you know it. WE set it up like that. Believe me we would have destroyed you.”
@Jim:
One can’t discuss Glass Steagall without including Citigroup! How is that ‘petty’?
Why do you continually poke at your own country with a stick, Jim. You sound like Max.
Citigroup and 2001 Argentina bankruptcy:
http://uk.reuters.com/article/idUKN1620167020080616
Who made Glass Steagall happen?
http://en.wikipedia.org/wiki/Sanford_I._Weill
@Bonn
the answer is 5…
Hopping u not saddistic n say 100 or 99
LOlololol
Hic
Will haf ta refine ta Question
LOLOLOL
when doubts are asked
Mr. Paulson,
How many shares of Goldman Sachs did you own when the AIG payouts were decided upon?
Ladies and Gerbilmen,
Hanky-Panky Paulson…
LET THE WAFFLING BEGIN!!!!
eh..ehh.ehhh.ehhh…. this was not something I-I-I wasn’t directly involved in… an-an-an-and this is not something I can answer
Once again…Glass Steagall was the start of all of this….that’s where insured deposits came from…FDIC….take away insured deposits & you won’t have any more banking issues…or, at least none like this.
How many people would put money in a bank if their deposits weren’t “protected?
BTW…when you put money in a bank you are not depositing… you are lending to the bank…you are the lender. Big Difference
Just like when you vote…you are not “representing” you are giving proxy to your representing. Big Difference
Amerika is a Giant Myth Factory.
Oks a puzzel
A Kinky King called Alexander got 100 bottles of wine
one bottled is poisen’d
Hes throwing a party in 3 days
How many tasters does he need to check all the bottles
Hic
OFC he doesnt want anybody to die of poisoning at his Hip Hop Partyyyyyyyyyyyyyyyy
Hic
Tony Blair joins hedge fund – who’s chairman is a LARGE Conservative donor – Lansdowne Partners as a speaker:
http://tiny.cc/qjtOl
He was a mole all along!
Where’s me student wheres me student
@ES
Gonna start a Blog to teach Computers fundamentals
–>eventually leading to Network administration.
Hic
All for FREEEEE anybody else interested can hook on
Hic
Frances…your pettiness is PROFOUND.
“Mr. Rubin acknowledged that even while he negotiating his own job with Citigroup, he had helped broker the compromise agreement repealing Glass-Steagall. He said he had a hand in urging Congress and the White House to preserve the Community Reinvestment Act, which requires banks to channel a portion of their lending to poor, inner-city areas. The future of that act had been a sticking point between Republicans and the White House that held up agreement on the financial overhaul package.”
Summers ‘helped’ too.
http://www.dailyfinance.com/story/a-decade-after-glass-steagalls-repeal-its-time-to-reverse-san/19231334/
“The Glass-Steagall Act — a law passed in 1933 that separated investment banking from commercial banking with the aim of preventing another Great Depression — was repealed exactly 10 years ago today at the urging of Sandy Weill so that Citicorp and Travelers (TRV) could merge and from Citigroup (C).
Weill, at the time the CEO of Citicorp, got then-Treasury Secretary Robert Rubin’s support for what turned out to be a disastrous regulatory change, one that was finally passed as Rubin passed the baton to his successor — Larry Summers (now director of President Obama’s National Economic Council). That’s because the repeal freed Citi to combine commercial, consumer and investment banking into a one-stop shop — and created a recipe for financial disaster.”
What’s this? The Bully with the Bazooka says he wasn’t a part of the horse-trading re AIG. Mo Greenberg couldn’t get a seat at the table, but I thought Paulson was in the room. Wazzup?
They cut Geithner’s questioning short because Paulson has other appointments?
That says it all: The U.S. “government” is no longer in control in any fashion whatsoever.
This is going to end in nothing short of armed revolution.
it is past interesting that not two words have been written about the current condition of the Insurance Cos in the last year….astounding….as for the Pension funds…. a little more has been written but only a little…only because the underlying understanding is that again the taxpayer will cover it.
Goldman & Timmy are takin’ the fire & flak for Rodgin Cohen’s Money Trust….and are well-rewarded for it…even if they throw him & others under the bus…never forget the Pujo Committee, the Sherman & Clayton Acts….all Brier Rabbits.
Essentially, the castle has been looted. A multi-generational transfer has been made…this transfer will be used to keep the boot on the back of the Amerikan people(world) for a far as the eye can see. Rules & Taxes will be placed to make sure than no one can challenge(compete with) this domination EVER.
The
Rep. Alan Grayson on the Christian Right’s Pact with the Devil:
http://www.youtube.com/watch?v=1MT9U7SL-Sk
Amusing…
I hope you will join us…
BURN, TIMMY, BURRRRRRRRRRN!!!!
http://www.search.com/reference/Stanley_Fischer
http://query.nytimes.com/gst/fullpage.html?res=9F06E1D71E39F933A25752C0A9639C8B63
http://www.nytimes.com/1999/10/27/business/former-treasury-secretary-joins-leadership-triangle-at-citigroup.html?pagewanted=1
etc.
@Jim:
Citigroup has more ties to ‘Treasury’, er IMF.
Geithner alone?
http://www.nytimes.com/2009/03/09/business/economy/09treasury.html?_r=2
think of Goldman as the switchboard, the Cia, Blackwater….the money cartel is the Insurance Cos(which came into force in the late 1880′s, the Pensions(came into force WW2)….Foundations & Endowment….the Banks have always co-ordinated money….the keiretsu, zaibatsu, chaebol…it is a seamless circuit….all private equity is them…all hedge funds are them.
Goldman & the banks in General have been a very effective cover for the real PROBLEM which is the Insurance Cos & Pension Funds…which is where all the money & risk & losses reside..
Obviously, if the “public” understood this….then, that would be the END.
PS//Goldman Sachs takes orders from Sullivan & Cromwell….that’s the Boss and has been so since the Panama Canal “purchase” 100 yrs ago.
The IMF//Basel takes orders from Rodgin Cohen.
@ Jim
This is not new behavior for timmy. You should have seen his first appearance before Elizabeth Warren’s commission.
Profound.
Hostage Crisis.
AIG was held hostage. Pay off or hostage dies, hostage dies and the population feels the pain of the death of the hostage.
Jim, I think it has more to do with who really does run things in washington. AS even timmy has mentioned. THere sure are alot of ex goldman sachs people running things now on capitol hill.
@Snoot. this is interesting. wow.
I’ve watched many hearing in my day…never have I ever seen a “witness” antagonize & personally challenge a committee member[s] like this…in the old days that would have been a big No, NO
Must be Generational….or, maybe, new educational developments have merely successfully eclipsed older, now clearly out-dated approaches, attitudes, protocals…and manners.
Davos police boss DEAD!
http://news.sky.com/skynews/Home/Business/Davos-Security-Chief-Dr-Markus-Reinhardt-Found-Dead-In-Hotel-Room-In-Apparent-Suicide/Article/201001415536653?lpos=Business_First_Buisness_Article_Teaser_Region_5&lid=ARTICLE_15536653_Davos_Security_Chief_Dr_Markus_Reinhardt_Found_Dead_In_Hotel_Room_In_Apparent_Suicide
Mike
The Treasury?
http://www.treas.gov/offices/international-affairs/monetary_financial_policy/imf_policy.shtml
What’s this?
http://ppjg.wordpress.com/2009/03/24/treasury-secretary-does-not-work-for-the-united-states/
Geez. Now we have a congressman who doesn’t even know how to pronounce Glass-Stegall.
Interesting that little timmy keeps threatening everyone if he doesn’t get his way. Bernake says about the same thing. Sweet guys. I wonder who does run things on capitol hill.
(typo: 25B to citi)
http://money.cnn.com/news/specials/storysupplement/bankbailout/
more tragic farce…the monies don’t go to the Taxpayer; no dividends…the money goes to the Treasury…the bills go to the taxpayer so that he can pay the treasury. Obviously, the taxpayer is not the treasury. The treasury is there to TAKE money from the taxpayer.
This is way more insulting than any “educated” mind could absorb.
Little timmy says don’t blame him for the banksters taking (stealing) all the tax payers money. Its the way the rules were at the time. Paulson(little timmys mentor).
AIG can still make money for the American people but is a risky bet …
If you continue with this line of questioning and pursue Bernanke the market will crash at which time the American people’s investment into AIG will fail … which would make the USA vulnerable to “attack” from foreign States … a financial collapse is a risk to National Security …
you come after us and we serve you up on a platter to your Nation State enemies list …
Geithner’s body language when delivering this open remarks were sending a telling message as well.
Derivatives exposure ranking:
JPMorgan/Chase #1
Bank of America #2
Citigroup #3
http://www.globalresearch.ca/index.php?context=va&aid=11145
52 Billion dollar bailout to Citigroup:
http://www.propublica.org/article/how-citigroup-unraveled-under-geithners-watch
“By far the biggest banking casualty was Citigroup. The firm received a $25 billion capital infusion in October, as part of the rescue plan Geithner helped engineer. That plan was designed to help “generally sound banking organizations.” But the markets continued to lose confidence in Citigroup; its stock slid and its cushion of capital grew still thinner.
Last November, the government announced further aid for Citigroup under a new program for less healthy firms. The deal called for $20 billion in exchange for preferred securities, and a fee – paid by Citigroup – in the form of $7 billion more in preferred securities, for Treasury and FDIC to guarantee about $250 billion in bad assets.
A few hours later, President-elect Obama announced his selection of Geithner to replace outgoing Treasury Secretary Henry Paulson, with whom Geithner collaborated to design the government’s program to bail out banks and Wall Street firms.”
Corporate and institutional Lies, lies and more lies. We are the people of the lie:
http://www.parenting-healthy-children.com/people-of-the-lie.html
who really wants another President, another congress, another Supreme Court??
who thinks Life can survive them???
me thinks this cruel joke is way too apparent to way too, too many.
jim, Yes its all for the goldman sachs interest. Ummm I mean the peoples interest.
Just replace goldman sachs or banksters interest with public interest and thats how the system works.
Little timmy says having so many ex goldman sachs employees running things is the way to go. They care about goldman sachs of course, umm I mean the people.
@ Giuseppe Bagodonutti
THX 4 the link watching now
“the public interest”….need you know more. Sure I work to hollow out the Public…that’s our shared Interest.
When ever you hear the word “public”….RUN!!
Tim Geithththner represents the US on the governing board of the IMF. Tears? He is surely most-likely enjoying the attention and his chance to be a ‘big boy’ like his mentor Robert Rubin:
“Mr. Geithner was particularly close to executives of Citigroup, the largest bank under his supervision. Robert E. Rubin, a senior Citi executive and a former Treasury secretary, was Mr. Geithner’s mentor from his years in the Clinton administration, and the two kept in close touch in New York.”
http://www.nytimes.com/2009/04/27/business/27geithner.html
Geithner gets a ‘get out of jail free’ card codified “Citi never sleeps”.
Timmy is clearly a spoiled PUNK….like so many others…in many ways this is the new, metro Amerikan Ethos….wise-guy celebrities.
We have no maturity left in this country; no problem-solvers; just expoliting, opportunitist…not an adult left in the room….just shriveling, menacing arrested Holden Caulfieds foraging forward from some canky Ivy League treating Life like an oyster.
Little timmy has a hard time differentiating between the banksters and the american people.
mUst save Goldman sachs, ummm I mean the people.
I’m waiting for Timmy to CRY…
he sounds like he’s cracking…
false choice … getting everyone to buy into … we either did what we did or the system failed ???
If was a systemic collapse so we had to pay AIG at par … we did not think that since a systemic collapse that no need to cram down onto AIG less than par … since systemic collapse …???
puppet masters … there is a crisis …whether created or not .. when a crisis break the law to grab more power .. if caught in a inquiry … fall back on … it was a crisis we did things that were questionable but it was a crisis we did the best we could …I am a good American … good lor
YOu tell em Little timmy. YOur buddys needed that 100 cents on the dollar. To hell with everyone else.
& Timmy works for us?
This is from a year ago.
http://thekomisarscoop.com/2009/01/finance-us-treasury-nominee-failed-to-halt-bond-scam/
Timmy explain why you gave aig 100 cents on the dollar. Why is that little timmy.
Frances proudly displays “book-burning”…then quotes Hitler as reproach….Frances you are Socio-Pathetic.
@Jim:
Sticks and stones and all; you seem completely incapable of retaining any cohesion to your arguments but rely upon attacks to my person. I was referring to your offer of a reading list: the video was an illustration of my refusal to place myself under your ‘spiritual headship’: you have some nerve calling me names. You seek to guide your supposed flock to some haven of ignoramusly-induced bliss based on spurious subjective diatribes. I opt out: that’s all.
I have not nor do I condone the burning of books, unless one is out of fuel. But i suppose the “our democracy” workers for Team Obama will outlaw the practice of burning one’s own carbon/fuel in the interests of the corporate profit.
I’m watching all those educated people…continue to miss the point. Convenience or Mindscape…my guess it’s a rancid, sulphuric mix.
Timmy’s moused-up, Nero-Caligula-like Hairstyle….together with his Bratty Arrogance & Insincerity belies and underscores this massive DEGENERATION….We are all at Very Grave Risk….at least, until Francis stops burning books & rustles up some saving, redeeming “education”.
Little timmy says we should have his buddys regulate the system that they created to steal from everyone.
Was just listening to an old melody, looking out the window,..watching the birds frolicking, people meandering,..and jim popped into my head : )
http://www.youtube.com/watch?v=hnzHtm1jhL4
@ Photoception
Don’t you find it interesting that the Secretary of State is a former Wal-Mart director?
Little timmy says the only way to save the american people was hand goldman sachs trillions of dollars.
Thanks
Little timmy was very unaware of much that happened back when they were dealing with AIG. But he sure knows alot on what happened.
Keep it up little timmy. YOu saw nothing , said nothing. But agreed with most everything that you had no involvement with.
Max,
China needs the US more. If Wal-Mart disappeared China would be totally screwed. Of course the US needs China, but it’s a co-dependence. We trade liquidity for goods.
Goldman’s new office bldg in Manhattan is evidently across the street from the hole in ground where WTC was.
I guess Timmy’s new office will be in GS’s new building.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aaLwI2SKYQJg
Frances proudly displays “book-burning”…then quotes Hitler as reproach….Frances you are Socio-Pathetic.
Frances good link, dirty cow.
its live on cnbc.
little timmy says he’s serverd his country(the banksters). LIttle timmy says the financial system would have collapesed(the banksters financial system would have collapsed).
There are two worlds to little timmy. HIs world which is the banksters and the rest of us.
Not just squirming anymore. Mica is nailing him.
http://www.c-span.org/Watch/C-SPAN3.aspx
HAHAHAHAAHAH Geithner is getting ROASTED!!!!
@jon is cspan streaming it?
@Sherbert:
Full article: http://www.larouchepac.com/node/13259
final elimination of sovereignty the real reason behind new British strategy
A la the Video…Francis you remain a modern, educated WOMEN…Congrats. No one makes my overall points better than THEE.
My Gratitude.
PS// Don’t confused Capitalism with degenerate Hedonism. Try Quanitative Freedom to Produce as opposed to Quanitative Freedom to Consume. Try Quanitative Freedom to retain CAPITAL….as opposed to Quanitative Freedom to become Indebted.
How is it that 90%+ of the world’s production is in the hands of 10%- of the world’s people. Further, how can that 90% PRODUCTIONLESS Exchange with the 10% Production-full(yet this 90% productionless BACKS the obligations of the 10%).Only by making up the skew by loaning(production) to the Dickenesque Productionless… Transferring the Labour right back to Capital…..that’s your CAPITALISM.
It’s Not a Joke…it is an utter, grotesque Fiction…representing complete Moral & Intellectual Bankruptcy….produced by our “Educational System”…we sell bullshit; we don’t buy IT.
@Photo – it is stealing, but it’s a year-old article, what about what they stole in 2009?
LIttle timmy is squirming and lieing and like theres no tommorrow.
“Dec. 16 (Bloomberg) — Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007.”
Seriously, WTF?! That’s stealing.
“The point remains…educated people are STUPID….they have an unrelenting ability to swallow their own VOMIT.”
“What good fortune for governments that the people do not think.” adolf hitler
*****Highly important Video Interview*******
Jacob Frenkel, chairman of JPMorgan Chase International and former Governor of the Bank of Israel, speaks to Bloomberg in Switzerland.
http://www.youtube.com/watch?v=haFSdaIPf3k&feature=sub
Geithner Says He Played `No Role’ in New York Fed’s AIG Swaps Disclosures http://tinyurl.com/yd4uh3t
French Were Willing to Negotiate AIG Discounts, Barofsky Tells Lawmakers http://tinyurl.com/yaq2xh9
Capitalism is a Human Condition…Not an Economic Method.
Capitalism is the Freedom to exercise, employ, retain your Labour.
Capitalism has never been tried for one hour of one day in the Histoouy of the World….nor will it ever be.
What you consider//regard as Capitalism is actually Mercantilism….State-directed…dirigiste.
Finally, the world ran out of capital a long time ago(wars tend to do that//non-creative destruction). Your Capitalism is actually Creditism (your money is GSE//SOE DEBT)….and has been since Robert Walpole.
Once again education is Superstition//Indoctrination….Science as Gregorian Chant//Cant….meaningless Slogan-ering. There’s
nobody left who can tell a fast ball from a curve….an apple from an orange.
Frances… let that super bad-girl Ayn Rand(another disgusting Naturalist smoke-blower-Jim Jones type) side out just a little more….so all can see.
The point remains…educated people are STUPID….they have an unrelenting ability to swallow their own VOMIT.
Issa is questioning him now. Worth tuning in.
Specifics? How about specifically breaking out the handcuffs?
Tim Geithner is a cocksucker…
He keeps saying how AIG needed a bailout to avert DISASTER…
WHAT Disaster did he spare the globe, exactly?
Why doesn’t anyone ask him for SPECIFICS?!?!?!
Sales of U.S. New Homes Unexpectedly Fell in December 27 January 2010 (Bloomberg) http://tinyurl.com/y8zyaah
Swaps Trading Surges as National Deficits Rise: Credit Markets 27 January 2010 (Bloomberg) http://tinyurl.com/yzye3ry
U.S. One-Month Bill Rate Negative for First Time Since March 27 January 2010 (Bloomberg) http://tinyurl.com/ydld692
@ marietta
Oooo oooh Wannna watch
But gotta go for Dinner
Hic
Will watch it when I get back
Here’s what Frances thinks about Jim’s books:
http://www.youtube.com/watch?v=pjuJrpUsJSs
For those that are interested, Geithner is testifying right now regarding AIG bailout
you can see it live here
http://www.c-span.org/Watch/C-SPAN3.aspx
@ Cal Doc
This is in response to your response about accounting for debt from a previous thread. I thought you may be more likely to read it here.
Thanks. I was actually thinking in macro terms like funds flows, etc.
I have an issue with MTM, at least in the context of last year. How do you get a realistic mark when there is no market? There were stories of bank examiners giving direction to get a mark by calling around to offer paper for sale to financiers who weren’t interested in buying anyway, getting first bids from three of those non-buyers, and using marks so derived as the value of their assets. It seemed to me that discounted cash flow would have been more reflective of value in the real world.
“One of the potential consequences of Basel 2 could be an increase in the volume and issuance of covered bonds in Europe and the UK relative to RMBS, simply because the risk weighting of highly rated assets, those normally backing covered bonds, will go down”:
http://www.securitization.net/pdf/content/TotalASF_6Feb08.pdf
Small gnarly detail?
“Capitalism will probably always be prone to asset bubbles and other manifestations of homogeneous behavior, but only because it is part of human nature for people to go along with the crowd. This is a risk that can be mitigated but not eliminated. But capitalism has a unique feature, competition, that does mitigate it by both encouraging and taking advantage of heterogeneous behavior, that is, innovation.
Homogeneity, on the other hand, is the ineradicable curse of socialism, in which the community as a whole, through its elected (or self-appointed) representatives, decides on the allocation of resources. One plan is imposed on all, as thoroughly as if everyone spontaneously decided to join a herd.[22] And we maintain that homogeneity is also the problem with regulation. Regulations, by their very nature, align the behavior of those being regulated with the ideas of those doing the regulating. Regulations are like mandatory instructions for herd behavior, automatically increasing systemic risk.
The recourse rule, Basel I, and Basel II loaded the dice in favor of the regulators’ ideas about prudent banking. These regulations imposed a new profitability gradient over all bankers’ risk/return calculations, conferring 80 percent capital relief on banks that bought GSE-issued or highly rated mortgage-backed bonds rather than commercial loans or corporate bonds, and 60 percent relief for banks that traded their individual mortgages for those “safe” mortgage-backed bonds. Only bankers with the most extreme perceptions of the downside, such as JP Morgan’s Jamie Dimon, escaped unharmed.
Bank-capital regulations inadvertently made the banking system more vulnerable to the regulators’ errors. But this is what all regulations do. Whether by forbidding one activity or encouraging a different one, the whole point of regulation is, after all, to change the behavior of those being regulated. And the direction of change is, obviously, the one the regulators think is wise.
Perhaps, then, we do need a new economic system: capitalism. The Basel rules, the recourse rule, the oligopoly-conferring regulations of the SEC–these regulations cover a tiny fraction of the millions of pages of the Federal Register and its state, local, and international counterparts. And each of the hundreds of thousands of regulations filling those pages chips away at the heterogeneous competitive behavior that constitutes the best reason for capitalism. If one is looking for the cause of a systemic failure in our highly regulated economy, it makes more sense, at least initially, to look to the laws that govern the whole system, rather than reflexively blaming what has now become “capitalism” in name only.”
http://www.aei.org/outlook/100933
http://www.marketwatch.com/story/greece-wants-to-sell-its-bonds-to-china-report-2010-01-27?reflink=MW_news_stmp
The IT Industry is also a closed circuit
All decided at the highest levels
6 Guys/ Co. dont allow any other company from entering the circle
Could give ya a heads up on OEM
OEM – Original Equipment Manufacturer’s
Hic
from ZH
“….Greece has hired GS to sell €25 billion of Greek bonds to… Beijing. Welcome to the new lender of last resort: China has just become the world’s Federal Reserve….”
Frances…stop lippin’ off and read the fkin’ book…then, you can spout like a Mama whale….which is first & always your dearest desire.
my point about the “affair modern”…is that the Transfer is not 100%…it is 200% plus taxes & interest. Frances, you love to sweat the small, gnarly stuff….you are modern, educated “women” INDEED.
@ I thought “education” would serve to “resist” fraud & criminal activity…instead it compounded it.
May I butt in
Its not that it compounded it
Till 3 years Back I thought Warren Buffet was a brilliant Investor with his Berkley Shares
When I figured out that that old fuckin Geezer is Involved with Insider trading I said “FUCK’n”
Give me 3 days Insider heads start
I’ll tripple ya money . Anybody can do that
Hic
Me 2 cents
like Will Rodgers said…”it’s not what you don’t know that will hurt you….it’s what you think you know but don’t”….another way perhaps:it is…but it is not what we think it is…it is something else.
Science is a Verb: not a Noun.
I thanked you for your reading reference before, Jim, not out of gratitude from my ignorant stance but because I believed you offered in good faith and friendship.
I see I was mistaken, and so I decline to be ‘enlightened’ by your standards of perspective.
Why don’t you address the issue of covered bonds and securitization, seeing as you were all in a sweat over ‘no one noticing Fannie and Freddie’. Instead you mock my education and my ignorance simultaneously.
You know nothing of me.
Hehe, they’re professionalizing Orwell
Pentagon Report Calls for Office of ‘Strategic Deception’
http://www.deepjournal.com/p/43/a/en/2524.html
“In an era of ubiquitous information access, anonymous leaks and public demands for transparency, deception operations are extraordinarily difficult. Nevertheless, successful strategic deception has in the past provided the United States with significant advantages that translated into operational and tactical success. Successful deception also minimizes U.S. vulnerabilities, while simultaneously setting conditions to surprise adversaries.”
Frances…you are one earth-bound sparrow.
How many “educated” people understand the effects(+/-;) of compound interest???
I thought “education” would serve to “resist” fraud & criminal activity…instead it compounded it. Don’t worry Frances….what’s sitting on your face is not really there….got to be something else.
Why would I apologize to you, Jim? You are indicating that education will lead me to some existential crisis state akin to being “spiritually, morally, intellectually…..dispossessed, depleted, disarmed…..BRAIN DEAD….it is we who are the Zombies…we are Alien to Life….akin only to Existence.” Then you recommend reading material.
Why don’t you learn how to maintain a cogent argument?
Frances…you want to learn about the Crusades???…read Tomaz Mastnak’s “Crusading Peace”, 2002….apologies will be accepted afterwards.
Stay off the Internet…try a library instead.
Ideology is a poor substitute for Understanding.
Obviously, we would not be in this current position….if any were “educated” or “intelligent”.
“WE” are currently in this position due to fraud and criminal activity, not education.
@ Jim
Re: THE BANKING PROBLEM
Take heart. Habitat for Humanity has been getting into the act in distressed residential real estate in at least one Texas county. They have now applied to HUD for participation in the Neighborhood Stabilization Program 2 in several other geographic markets.
http://www.habitat.org/gov/nsp2/default.aspx
HfH may be the fairest large mortgage lender holder around. They require a sweat equity down payment and an income to qualify. They do their own underwriting and administer their own book. Couldn’t get their most recent financial statement to download in order to check the current default rate. However, the historical default rate is less that 1%. From this Miami article, it looks like Habitat’s default rate is holding the line under 1% while the area rate is more like 25%.
http://www.miamiherald.com/business/real-estate/story/1287073.html?storylink=mirelated
By making these homes available to Habitat, the properties are taken out of the hands of the bankers and the bureaucrats. The miscreants won’t have access to the means of paying themselves more fees while preying upon the people who are trying to pay for a home. Personally, I like the idea of taking away the ball and telling the bankers and bureaucrats, “Game over. Go home.”
@Jim:
Well. Your experience is universal, no doubt. And education is at fault: not ignorance. And the more we proceed down the path to true institutional faith, the less likely we will be to blame those who hole the pole RAMMED UP OUR ASS and the more likely to fall happily to the plow and scythe on our new sustainable contained communities.
You surely disagree with Mep who deems religion, specifically Christian fundamental belief, as the path to a ‘dead-end-dangle’.
I think you are both proceeding from an illogical and extremely subjective viewpoint.
A Vegemite sandwich: There’s mud wrestling, Jell-O wrestling, chocolate syrup wrestling and now Doctor Pong’s Pub Vegemite (Marmite) Wrestling in Sydney. Mmm, mmm, yeast extract! http://imgs.sfgate.com/c/pictures/2010/01/26/ba-GYI0059408685_0501108491.jpg
From: Day In Pictures Tuesday January 26, 2010 http://tinyurl.com/y8upxan
Frances…enjoying life???….and, you don’t know the first freakin’ thing about the Crusades….go fk yourself….you inflated, educated mouth.
Regarding rare earth metals…
It’s not that they can’t be found outside of China, it’s that China was selling at too low of a price for everyone else to compete with.
If Chinese metals go away, other countries will begin mining again.
Looks like France is getting in on the take for covered bonds as well:
http://www.internationallawoffice.com/newsletters/detail.aspx?g=b6aac0ac-5c57-438b-a91d-0e53c69cdd9a
Frances….I know many very, very well “educated” people…in most cases….the dupers were duped. Now, they sit trapped in the dead-end tunnels of their own construction…..it is sad…it is pathetic….it is ALARMING.
Take Orwell’s 1984….everyone I know has read that book at least three times….after reading it they assumed they understood….thus, “it can’t happen here”. As soon as that conviction development…mission accomplished; they were Winston….and we were O’Brien. It was HERE…practiced without even realizing it
Education is indoctrination to the Lie…and immunization to the Truth…it is cultural Inoculation . Gramsci was correct.
Finally, many of the best “educated people I know have not read a book since grad school…why should they. They had completed their education. Their transcript certified their “intelligence”.
Obviously, we would not be in this current position….if any were “educated” or “intelligent”.
Has this been mentioned yet?
Swiss Govt. may revisit deal with US on UBS & taxes.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/01/27/financial/f053616S85.DTL
“Only two of the traditional tools banks use for funding are working smoothly.
Covered bonds, highly rated securities backed by mortgages or public sector loans, will be the stars of bank funding this year. Senior unsecured bonds, more costly than covered bonds because of higher risks, will also take a big share.
But asset-backed or securitisation markets — bonds backed by pools of mortgages or car loans that banks used heavily before the credit crisis — are only partly open.”
Blame Frank et.al. for what’s coming down US-side. He knows.
All Obama or the FED is saying is lip service to blow some hot air into the Market like the FED has done so many times before; We could do this or that but we won’t!
FED: We could higher rates but we won’t. We could stop the stimulus but we won’t.
OBAMA: We could retreat out of Iraq but we won’t. We could stop torture but we won’t. We could retreat out of Afghanistan but we won’t moreover we expand our wars!
Obama to announce partial “spending freeze” aahahahaaaaaaaaahahah!
http://www.housingwire.com/2010/01/27/new-us-dollar-covered-bond-program-coming-from-canada/
http://www.forexpros.com/news/interest-rates-news/analysis-bank-funding-scramble-to-squeeze-2nd-tier-players-115459
I dont hafta have an I -Phone
I dont need a 300 Mega Pixel Digicam
ROFL
Hic
@Jim:
You know, one should enjoy life and not plaster homogenized prescriptions over the face of the planet. Your advantageous advice brought us the Crusades.
@ Danny
I have’nt shopped for 4 years other than essentials
Waiting for Chinese goods to infiltrate Indian Market when a 40 Flat screen Inch is @ 250 $ will buy it
Hic
SG’s aversion to education stems from his own lack, not any real understanding about the benefits of school.
@Jim:
What’s….theplan….? I wouldn’t worry about those ‘divine kings’ too much: seems their bowling average is still all strikes.
The IMF administered medicine will be poison. Hope Frank gets a large dose.
Aid to Israel not subject to Obama’s spending cuts (hahaha!)
http://tpmcafe.talkingpointsmemo.com/2010/01/25/the_israel_aid_package_exempted_from_the_across_th/
Pelosi and her friends live it up in Copenhagen at taxpayers’ expense.
http://caffertyfile.blogs.cnn.com/2010/01/26/should-pelosi-have-to-explain-her-1-million-trip-to-copenhagen/?hpt=T2
The No Money Man (video)
Jon Henley spends the day in Bath with Mark Boyle, who last year decided to stop spending money … on anything … at all … ever. And guess what? He’s doing rather well for himself.
http://www.guardian.co.uk/environment/video/2010/jan/25/mark-boyle-no-money-man
Frances….the TRANSFER to the RULING CASTE….of all mortgageable//productive wealth…and then TAXING the value of the TRANSFER is right up there with BALLSee….when the Divine Kings did this to the Church everyone laughed their ass off….well; now it’s been done to them…..worst than Pharoah or Lycurgus…..and NOBODY gets it…despite all that Education…SG remains spot on.
I don’t know which is a bigger heist…the mortgages or the induced deformed epistemology…..we are spiritually, morally, intellectually…..dispossessed, depleted, disarmed…..BRAIN DEAD….it is we who are the Zombies…we are Alien to Life….akin only to Existence.
http://www.fool.com/investing/general/2010/01/25/fannie-and-freddie-are-dead-whats-next.aspx
“Few politicians want to explain to their constituents why annihilating home values is worth it — that’s why there’s very little chance that Fannie and Freddie’s roles will actually be eradicated.”
What’s “the Plan”?
VIX Options Show Most Bets on Stocks Drop Since 2008 (Update2)
http://www.businessweek.com/news/2010-01-25/vix-options-show-most-bets-on-stocks-drop-since-2008-update1-.html
(is VIX index the one that is nick named Fear index?)
@Max Power
Yep, I heard Stacy talking about clean air but it seems a bit radical to me to travel 3 days to sniff up some clean air all the way in Kiwi land?
Maybe go outside Paris for a day, visit La Campagne.
Looks like the G30 is whispering in Frank’s ear:
“Among the 18 specific recommendations made by the G30 was to limit the size and scope of banks by prohibiting them from managing hedge or private equity funds. The report also calls for the operation of major mutual funds as commercial banks, which would subject them to increased government oversight, and for venture capital groups and rating agencies to be subject to increased government regulation.
The proposal also suggests that the U.S. government should clarify the status of Fannie Mae and Freddie Mac, by either making them government agencies or regulating them as independent mortgage brokers.
“We hope that our proposals, which explicitly relate to the weaknesses that have become evident in the financial system over the last year, will be a useful contribution to the debate about needed reforms both by private financial institutions and by public authorities,” said Volker.”
http://www.kforce.com/JobSeekers/FinanceAccounting/Newsletter/February2009Kronicle/GAOG30Recommendations.aspx
http://www.foxnews.com/story/0,2933,432501,00.html
Looooooooooollllllllllllll
NY Times article of Frank’s proposal for Fannie and Freddie:
http://www.nytimes.com/2010/01/23/business/23fannie.html
Gold unlikely to fall below $1000: Jeff Nichols http://tinyurl.com/y8c542y
‘Next decade is all for gold’ http://tinyurl.com/yz275xw
When is this BASTARD Mother F*CKING £ going to DIE!!!!!
Mike
Australian STATE school parents face demands to pay for toilet paper and soap as the Education Department penny-pinching reaches new lows amidst the ongoing GFC.
http://www.heraldsun.com.au/news/voluntary-fees-to-pay-for-soap-toilet-paper-and-first-aid/story-e6frf7jo-1225824150023
At least the Canadians seems to have taken notice of the ACTA negotiation that is going on.
MP Charlie Angus, House of Commons, Canada :
Speech – Answers needed on secret ACTA talks.
http://www.digital-copyright.ca/node/5111 (2.38 min)
“But why would the government stay in the role of promoting liquidity in the mortgage market? The private market doesn’t need Fannie and Freddie for liquidity. Assuming the securitization market comes back, that should be enough to account for ample mortgage origination funding. Indeed, all the existence of Fannie and Freddie did over the past decade was to ensure that the mortgage market had too much easy money, resulting in a bubble.”
Assuming that the securitization market is ‘coming back’ is obviously naive: what does the author mean by that statement? Fannie and Freddie suppressed the US covered bond market:
http://www.ababj.com/mortgage-lending/covered-bonds-gain-interest-after-gse-takeover-oct.-08.html
http://www.coveredbondinvestor.com/news/why-covered-bond-market-did-not-develop-sooner-us-history
Now what does Frank have in mind?
A dutch documentary reports that young people use less drugs and feel more safe when they are homeless in the street than when they lived in homes with their families. A surpising result they say…What a braindead point to make..
@Jim
The Feds just gave Fannie/Freddie the backup 100% guarantee recently. But BBBBarnie has other ideas:
http://business.theatlantic.com/2010/01/frank_seeks_to_abolish_fannie_and_freddie.php
@Mother,…I agree totally !
Although, I’m aware of the consequences of causing ripples
What was the name of that scientist,.hmm,..Kelly,..yep, David Kelly!
http://www.dailymail.co.uk/news/article-1245599/David-Kelly-post-mortem-kept-secret-70-years-doctors-accuse-Lord-Hutton-concealing-vital-information.html
Could lack of sleep be bad for your career? http://www.marketwatch.com/story/could-lack-of-sleep-be-bad-for-your-career-2010-01-26
@Dedo
Yes, ludicrous this dependence on something that has barely been around 19 years ago. People are so scared to do anything disobedient. THey much rather belong to the ‘chosen’ like the Apple tech sect. E pluribus unum has become e pluribus pluribus. Just publish a story about a hard crackdown on some impopular subgroup and everyone will be mildly intimidated..
@Mother,..tut, tut,..The forces are used against the public every day,.
Today, man’s ways of making war are changing again because of new information age technologies,..
Armies are just back up as you’re aware, I’m sure
http://www.ndu.edu/inss/siws/ch1.html
Gold will be KILLED tonite!
THE BANKING PROBLEM:
All the mortgages residential or otherwise were owned by Banks, Pension Funds, Insurance Cos, Foundations, Endowments…in most cases hardly “private equity”.
These entities are be re-imbursed by the Fed//Treasury/Freddie/Frannie at 100% value. (the 100% often represents the appraised value…ig. a 500,000 property formerly appraised at 1,000,000 for “loan” purposes).
The cost of the re-imbursement is now being transferred to the “taxpayer” account.
So the banks are in fact collecting 150% value….the re-imbursement + they retain the 500,000 house+ they retain all the monies already paid by the foreclosed “customer//taxpayer.”
In some cases, the entities are//will gather 200% of the value of the “property”; while all these costs go to the customer//taxpayer account….and obviously the customer//taxpayer is without “property” for now & possibly forever.
The larceny involved is NOT unique; but it’s scale is UNPRECEDENTED.
In the past year, despite all the jibber jabber…… I’ve seen no one explain these simple down & dirty facts….It is SHAMEFUL ALL AROUND>
@Dedo
When push comes to shove armies are worthless. They can’t be used with the own population if you want a state tokeep together. Money is the yoke for the general polulation, because you would work yourself into a sweat to earn a million while a banker would simply cajole hiself into this wealth..
http://www.alertnet.org/thenews/newsdesk/N22216517.htm
@ME:
Why doesn’t Ron Paul mention the UN mandate for Haiti or Afghanistan?
@Mother,..no no no,..those who control the armies,.are in charge,..the money is the carrot
You know this right?
AM still baffled by this remark by Robert Reich.
http://www.youtube.com/watch?v=PFeUtJqQ2ls#t=7m26s
So those controlling the money are in charge? Not if you don’t want to..
@Mother,..”We let these bankers hit us with inflatable clubs and act as if they where real..disgusting. So more barvery please!”
I wouldn’t argue with the BIS if I were you Mother,..those inflatable clubs they use tend to do more damage than you seem to realize,..ask any rogue nation! : )
@Kricke242
I also think that what Germany exports are more high quality goods in opposition to China.
@Youri Carma: “China Replaces Germany As Top Exporter In The World”.
However, not per capita. Not even by a factor of 10.
@Mother Earth.
Your banksters work in tandem with elected officials. Don’t forget that banksters would be nothing with people like Bush and Obama. Get rid of the puppets and things will start changing. Naturally it may be dangerous for honest politicians. I am surprised they haven’t killed Ron Paul yet. Really courageous man.
Just listening to Professor Sutton and he says at the top you don’t have Capitalism and Communism it’s the same shyster evildoers. These terms are just for the peasants to play with and create two parties.
That’s why the are so busy getting the police state in America to get it on the same level as China. The stupid MTF retarded population buys into it with the police helping the real America down Aahahaahahaha!
Professor Sutton on the Skull and Bones secret society http://tinyurl.com/ygxa3dm
@Max
Totally agree. It’s not a question of culture.It can happen to anyone. Besides that I don’t think you can govern 1,4 billion people the same way than in the west.
It’s still troubling this obsession in certain circles with the “chineese model”. A couple a years ago everybody wanted to emulate the “japaneese model”. Recently it was how the “british or US model’ were soo wonderful. China is still a fascist state. And yes it could happen here. Don’t try in China what we try here on this site.
Trying to find that article which said 300,000 Ukranians took H1 N1 or Tamiflu shot
I am so damn sure I read that article
;-/
@Ron ron, Dedo
Yes it’s true these days land never belongs to you, unless you are a nation state, ambassy or jewish semitary.. Still some lands have their taxes payed of into eternity in Holland.
If you go to other countries like Surinam you can still claim land if you can describe your purpose with it. Dangerous though.
But if taxes are predictable and you sell food into the market there is no reason for the state to disown you (this is something Mugabe missed entirly) otherwise you need to assert yourself in terms of security as well, the cost of dislodging you must be higher than reaping the benefits and you are set.
What irritates me about the complete paralysis vis a vis the financial system is that everybody seems torn between killing the cow that shits around the house or milking it. Pure weakness and cowardice. We let these bankers hit us with inflatable clubs and act as if they where real..disgusting. So more barvery please!
China to launch margin trading, short selling soon http://tinyurl.com/ydru2un
China’s First Eastern set to launch Dubai fund (Scroll up for more) http://tinyurl.com/ydyn9g2
China Replaces Germany As Top Exporter In The World http://tinyurl.com/ycbsfmd
China Is No Dubai Or Enron: Real Estate Rebalance to Buoy Gold http://bit.ly/6ojJMK
==============
China is NOT communist. It’s fascist. That’s why corporate America, like the folks at Wal Mart just love them. They dream of China in Wall Street and in the City all day long.
China is a wet dream for the US corporocracy. No real difference between the brain of Lloyd Blankfecalfien and member of the Red Army general.
==============
China as a state for hundreds and hundreds of years was centrally controlled — an artefact of the physical geography.
As much as this central control has swayed in favour of policies that the ruling class of Europe and the USA want — China has many times historically made about faces in policy change from the centre.
Abrupt faces in policy change could easily lead to the entire US ruling class being wiped out, and the European ruling class quivering in obedience.
Top things North Americans mistake about NZ
1. The clean air — yes it is better than say Toronto or NYC or Houston but it’s not that clean.
2. The dirt — most of it is set aside for agriculture, so most of it is covered in cow poo.
3. The lack of traffic — Auckland, Wellington and CHCH have traffic jams.
4. A European like civil state — yes, it mostly is but some days you will think NZ governmental actions are more like Fiji’s. NZ has not fully reached the level of a functioning state like Australia or Canada have.
NZ has had wild swings from liberalism to conservatism — and for at least 40 years (when NZ was an industrial nation) was run by political parties dominated by farmers.
5. A place where Kiwis stay … not so much. Whenever the pay in Australia gets better, Kiwis move in droves.
Mother Earth is a Goldman Sachs and Al Gore operative. Just wondered ? Does Al Gore pay a commission to Mother Earth ? Come on slaves ! Pay your commissions to your Lord of the Earth Al Gore.
@Bonn
It’s because of the vodka and the bad physical condition or most Ukrainians. Don’t forget. Ukraine is a poor country (2,300$ US GNP per person) and the country is bankrupt. Still it’s strange. They started to have the “mutation” at about the same moment they said to the IMF to go f–k themselves. Real strange indeed. Black lung ? A little bit of anthrax genes somewhere in the virus ? The Ukraine is a perfect military laboratory for Nato.
Bet you than in a couple of weeks they will be declaring marshall law. Want to bet ?
@ Marc Authier
I am talking about Technical Jobs
And UK Ireland USA were Robbed IMO
If you getting robbed without ya knowing it
Its a different issue
If Obama has the political Will they can still put all bankers under House arrest for a year
Till they sort this Shit out and recover the Money
The Longer he waits lesser chance
@Mother,..I agree with ronron,..you’ll never “own” the land as long as someone can force you off it for failure to pay rent, e.g,.tax, etc : )
Seems like the matrix has you my friend,..
Lloyd Blankfein maybe is in fact doing God’s work, afterall the whole of the old testament is about dealing with a vengeful, capricious, selfish, unreasonable destructive force. Also I can’t help recalling a quote of Hitler’s something along the line of nature is cruel, therefore why shouldn’t humans be cruel.
@Marc. my bad french. 3 beers. fav pub in montreal.
@ronron
No comprendo what you say. Ton français est rouillé. I think your french is a little bit rusted ?
Hey Bonn. UK and Ireland are in deep deep deeep deep deep shit. “Anglish” don’t guarantee you that you got brains Bonn.
Japaneese people are cultivated and very intelligent people. They have a bad asiatic habit although. The obey blindy to authority and hierarchy. Confiucius influence. Bad sometimes. Better to be rebel when the bosses order’s are crazy.
Ukrainian Black Lung Death Toll Over 1000, Over A Quarter-Million Hospitalized
-> aint that the amount that got Vaccinated ;>300,000 ???
http://www.infowars.com/ukrainian-black-lung-death-toll-over-1000-over-a-quarter-million-hospitalized/
@ME. there’s always a catch. property taxes.
@Marc
Slavery lasts until you become a master. Own land and produce your own energy and you will be free
@Kricke242,..”If they are persons, can a corporation now be a senator, congressman (or rather congresscorporation), or perhaps president too?”
The Labor Party in the UK, trades under the name of Alistair Darling MP,..The Labor Party is incorporated,.so I’m guessing your system is no different than that of the UK
Facism. Merger of the state with the corporations.
http://www.disclose.tv/action/viewvideo/6261/Jim_Marrs__amp__Alex_Jones__Rise_of_the_Fourth_Reich_5/
USA is national socialist NAZI today, exactly like China. It’s just a question of level. DON’T FORGET. The Patriot Act is there and can applied to you ANYTIME. Like in Nazi Germany. Read the freakin law if you don’t believe it. Fascism is difined as the MERGING of state and corporations.
You have China where it’s the party. In the USA you have two parties controlled by the same interest. It’s more subtle for the moment. But again. Remember what is the PATRIOT ACT before saying it’s that different. It’s not. It won’t be when the shit will start hitting the fan. No way.
@MarcAuthier. go to tois brassiers to get out of the cold. haha.
@ronron
Superb interview. Love the moment when Faber says to Jones that Bernanke is just a gangster.
@ Max
Another really worrying aspect of the Chinese workforce is that
-> they now have thier first generation “English Speaking Workforce” – so they still hesitant
-> Once they get thier 2nd & 3rd generation English speaking Work force
Forget Finding a Job anywhere in the world
Cause they’ll work for 1/4th the pay 7 days a week;14 hrs a Day
I met some Koreans here they could’nt speak English felt like smacking them with a baseball bat while communicating with ‘em
Japan actually coulda got out of its shit hole if they as a population decided to Learn English
Hic
good interview with AJ and marc faber out there.
@Chenjeshu: “assuming corporations are persons with the rights to free speech? ”
If they are persons, can a corporation now be a senator, congressman (or rather congresscorporation), or perhaps president too?
“Ladies and Gentlemen, the 45th President of the United States, Microsoft”
@Stacy and Max
China is NOT communist. It’s fascist. Fascist. That’s why corporate America, like the folks at Wal Mart just love them. They dream of China in Wall Street and in the City all day long.
China is a wet dream for the US corporocracy. No real difference between the brain of Lloyd Blankfecalfien and member of the Red Army general.
Carbon SLAVERY you mean.
Here Comes Carbon Currency
Climate news flash ! It’s snowing In Montreal and freakin cold.
Climate newsflash: BASIC coutries (BRIC where Russia is replaced by South Africa) have decided to take the lead in climate action. They will help poorer coutries, have announced their targets for jan 31st and will honour the Kyoto Protocol. We’ll see..
Keep on dreamin Max and Stacy. Nothing left to save anyways.
What do you guys think of the US Supreme Court assuming corporations are persons with the rights to free speech? Think the right to vote is next?
Mornin =D
Could you add Oil to the price tickers along the side, thanks.