http://www.bloomberg.com/apps/news?pid=20601080&sid=a0cQhqkoUq3s&refer=asia

He proposed a global bank, which he called the International Clearing Union. The bank would issue its own currency – the bancor – which was exchangeable with national currencies at fixed rates of exchange. The bancor would become the unit of account between nations, which means it would be used to measure a country’s trade deficit or trade surplus(2,3,4).

Every country would have an overdraft facility in its bancor account at the International Clearing Union, equivalent to half the average value of its trade over the past five years. To make the system work, the members of the Union would need a powerful incentive to clear their bancor accounts by the end of the year: to end up with neither a trade deficit nor a trade surplus. But what would the incentive be?

Keynes proposed that any country racking up a large trade deficit (equating to more than half of its bancor overdraft allowance) would be charged interest on its account. It would also be obliged to reduce the value of its currency and to prevent the export of capital. But – and this was the key to his system – he insisted that the nations with a trade surplus would be subject to similar pressures. Any country with a bancor credit balance which was more than half the size of its overdraft facility would be charged interest, at 10%*. It would also be obliged to increase the value of its currency and to permit the export of capital. If by the end of the year its credit balance exceeded the total value of its permitted overdraft, the surplus would be confiscated. The nations with a surplus would have a powerful incentive to get rid of it. In doing so, they would automatically clear other nations’ deficits.”

http://www.monbiot.com/archives/2008/11/18/clearing-up-this-mess/

Stiglitz calls it, “Saving your wealth for your progeny”.

Hahahaha

“By June 2008, BGI was the largest hedge fund manager in Europe, overseeing more than $26 billion in these types of funds, according to Alpha magazine. Hedge funds charge higher fees that mutual funds and index funds, so BGI profits grew quickly as the firm’s hedge fund foray gathered pace.”

http://www.marketwatch.com/story/barclays-talking-to-blackrock-about-bgi-sale?pagenumber=2

Leviathan. Yes I do. It would be interesting to know who is really behind BlackRock ? Anyways you cannot obtain such firing power without the true leviathan; the state. You cannot make such a macro-economic bet without occult government forces. Which state ? Now that would be an intesresting question.

In the case of BlackRock we have to ask “Which states ?” Anyways it’s certainly not just intervention by the “private” sector. I am thinking of the chineese connection in the case of BlackRock.

I would rather see them with pikes and the accompanying accoutrements.

(That’s where I heard the term leviathan, Marc)

Bill & Melinda Gates Vaccine Program
http://news.bbc.co.uk/2/hi/health/8487670.stm

Says donation of $4.5 billion dollars in hopes of saving 7.6 million children under-5 years lives.

Okay, is it ~ $6million dollars per child saved? Or ~$60 million per child saved? (How they define “save” unclear…)

Side Note: The UN states that the main causes of death are pneumonia, diarrhea, and malaria. After these, it is malnutrition. With the exception of malaria, there are vaccines for the other two but those are symptoms of a variety of diseases; by all means influenced by living environment and diet.

FYI – Cowpox is benign and prevents smallpox. Why don’t we buy every child a cow?

Iraki government suing United Killers and United Slaves of America for the fine “clean war” courtesy ot the Pentagon about depleted uranium. Depleted uranium is an Israel invention. Ah Israel peaceful and loving Israel that nobody can condemn for organ traficking, 400 H bombs and and huge rape and plundering ot the USA taxpayer. Israel the land of milk and honey, And the holy land of depleted uranium, specially in the Gaza Strip. By the way the UN convention DOES NOT allow the use of depleted uranium. But hey who cares. It’s just Irakis and muslims. Yeah UK a racist country and USA too. You bet.

http://www.prisonplanet.com/iraq-to-sue-us-britain-over-depleted-uranium-bombs.html