Greece: The IMF Flag Reads ECONOMIC SLAVERY . . . and Inflation Maximizing Fund

Stacy Summary:    Greece will dominate the news for the next few days.  The first article is the original Greek version of the article you have read translated; it has only just made it to this online version below.  The second article I re-post because the journalist for the first piece is going to write an article about Matt Taibbi’s article on No Payment.

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149 Responses to Greece: The IMF Flag Reads ECONOMIC SLAVERY . . . and Inflation Maximizing Fund

  1. mini@, true, The big boys have a time line. They’re just having a great time now off of stealing trillions. don’t know what comes next. Not something good.

  2. USD up, then Euro up, then down, then …..

    The Banks Forex traders are making a fortune while we all try and decide what is going to happen.
    They are just toying with these currencies.
    “All bets on, ok short”
    “All bets on, ok long”
    Etc.

    With the profits they just buy precious metals, land, etc hence the rise in these metals for the last ten years.
    They are just buying time and preparing :)

  3. Marc Authier

    @Dork
    Well. Maybe to wipe your bottom with ? Bonds are quite useful. You can use them for wallpaper. That’s what will happen to Greece’s bonds, And the irist ones too. Personnally I use them when I have a big paint job.

  4. The Dork of Cork

    Holding Irish Government debt is not really rational – see bailouts here here here and there , Quinn group bondholders are now getting a bailout courtesy of the collective gombeen citizens of this great little country !
    Yet there is always hope that they will do the right thing in the end when all others have been exhausted.
    Churchill once said something along those lines about America – lets hope he is right about America and maybe Ireland

  5. @Dork
    Yet again, you’ve exposed me as a charlatan! geeez, you’ve got your fingers in alot of pies. All I got is hope, a bottle of coddle and a packet of marietta.

  6. The Dork of Cork

    sorry Norman G Finkelstein

  7. The Dork of Cork

    @Mark
    I was referring to Norman Finlelstein

  8. The Dork of Cork

    @Danny
    I hate giving investment advice but I can tell you that I am holding on to rest of my Euros because of the unpayable debts within the Anglo American system (although Spain Ireland and Portugal are in deep trouble)
    I would offload my pounds and keep my Euros in my hand – although most of my Euros are in Irish Government debt so I could be owning punts soon.

  9. @Dork
    Euros or pounds!? :D

  10. Youri Carma

    Yessssss!!!! Gold Always believe in …. Gold, Your indestructible, GOLD!!!
    http://www.youtube.com/watch?v=ntG50eXbBtc

    Brad Neely – Bring The Gold http://www.youtube.com/watch?v=_qO66Rmi1Mw

    Gold futures rise to three-month highs 9 April 2010, by Polya Lesova (MarketWatch) http://www.marketwatch.com/story/gold-futures-rise-to-three-month-highs-2010-04-09

  11. The Dork of Cork

    @Mark
    sure I like his anti corruption thing but if he believes that a modern economy can survive and thrive on honest money alone he is greatly mistaken.
    There is 6 billion + on this planet and it will not function any better if we are all honest market participants seeking our own self fortune.
    For instance in a conversation in zero hedge land one of the bloggers seemed to think that the oil crisis will be solved when the price mechanism will factor in its true scarcity value and that’s it problem solved.
    I stated that the market cannot factor in a finite resourse.
    There is a difference between a scarce renewable resourse and a resourse of finite size whose capital is reduced over time.
    A scarce renewable resourse can function in a proper market but the market does not see and react to hidden information
    This lack of imagination amongst free marketeers is their greatest weakness – they believe the human mind can be contracted out to the mindless force of the free market.
    but the real world is much more complicated then a idea

  12. Youri Carma

    There they come again with all those bogus reasons why oil should climb or fall by Youri Carma (FPP) http://forum.prisonplanet.com/index.php?topic=166047.0

    Oil’s moves leave traders scratching their heads by Myra P. Saefong (MarketWatch) http://www.marketwatch.com/story/oils-moves-leave-traders-scratching-their-heads-2010-04-09?pagenumber=1

    ‘The price of oil seems to reflect an optimism in economic growth by traders that is not shared by Main Street or evident in the statistics.’ – James Williams, WTRG Economics

  13. If y’all have the option, would you buy your gold/silver in euros or pounds? silly question probably but my head here is melted!

  14. Marc Authier

    @Dork
    Me too. “Anglish” is not my “mouther” “tong”. Don’t you love your typo errors Dork ? It gives it a certain “cachet”.

  15. Marc Authier

    @Dork
    Right wingers that dominate USA today are fascists and nazis, not libertarians.

  16. The Dork of Cork

    Jesus I hate it when you can’t edit my comments after posting – sometimes I must seem like a real honest to goodness Dork.

  17. Marc Authier

    @Dork

    Ron Paul has one good idea in his platform. Legalizing all drugs and quitting this stupid war on drugs (which is a total fraud) would help destroying the Pentagon, the police state, the CIA and the New-Yorl banksters. Most budgetary problems could be resolved in the world by simply legalizing ALL drugs. And it would kill the arn’s business and the state and banking parasites.

  18. frances snoot

    @Marc:
    I’ll agree: I see you as a cash-ewe.

  19. frances snoot

    “The dollar will be headed not to be the world’s reserve currency in five or six years”…

    http://www.businessinsider.com/henry-blodget-recovery-what-recovery-the-us-is-completely-screwed-howard-davidowitz-2010-4

  20. Marc Authier

    @Dork

    Finkelsteinian or Frankensteinian ? Ah !!! I think personnally everything is all a bad joke. A real bad joke. What has Finkelsteinianism has to do with it ? Is it a religious movement. Who’s he ? Never heard of Finkelstein.

    @Snoot

    Nuts are good for you. Filled with vitamin D and omega 3. I like nuts Snoot. Must be one of them.

  21. It’s all Greek to me.

  22. The Dork of Cork

    Schiff is a puritan – he seems oblivious to the wider political context of his economic views but I have my doubts.
    My feeling is that there is a great civil war brewing within elite circles of the west and America in particular.
    The older banking elite have clearly fucked up and are desperately trying to hold on – other forces such as Ron Paul and Schiff smell blood in the water and are becoming more aggressive.
    Who wins this fight I have no idea but I feel that extreme libertarians will impose legal freedoms but there economic policies will merely bring back the politics of the plantation with the minor difference that you are free to leave if you want but you are then doomed to starve.
    The obvious lack of imagination of these would be kings makes it clear to me that their reign would not be a lasting one.

  23. Marc Authier

    @Dork
    Yers. Government doesn’t exists.
    The government is a bank apparatus today. Nothing else.

  24. I heard there was a fight!

  25. frances snoot

    @Dork:
    I don’t really considered myself a part of any nomimal cause, so I wouldn’t really be on the line per se.

  26. The Dork of Cork

    @Mark
    Well that money is the peoples exchange also – the government is now corrupted beyond hope by the promise of fiat paper.
    I would have been tolerent of the present system of money creation if the guys who took bad debts took real loses but the beauty of this financial crisis is that it has exposed the corruption to all that wish to see.
    This has now radicalized my opinions on the subject since up to recently I was in cash believing when the crisis would come bad investments would be destroyed – how foolish I was

  27. Neville Bartos

    http://www.youtube.com/watch?v=ZZ53MotCoVk

    CIA on Trial: Italy – 16min Documentary

  28. Wondering if Deadria Farmer-Paellmann is going to be seeking reparations from our owners on behalf of all economic slaves ?
    Deadria Farmer-Paellmann set aside a promising law career to become one of the foremost researchers into the links between the slave trade and American corporate interests of the nineteenth century. In 2002 she gained media attention for launching a lawsuit that demanded reparations for the descendants of American slaves, based on the premise that several U.S. corporations had profited from the practice of slavery in the years before the Civil War of 1861-65. Named in the suit was Aetna, the largest insurer in the United States, along with a financial corporation and a railroad. “They have played a role and they should be held responsible,” said Farmer-Paellmann in an interview with Virginia Groark of the New York Times, adding, “And later on down the road there will be more companies.”
    http://www.answers.com/topic/deadria-farmer-paellmann

  29. Youri Carma

    After shorting subprime, Eisman says short AIG – Equity holders could lose $23 billion, FrontPoint’s Eisman estimates http://www.marketwatch.com/story/after-shorting-subprime-eisman-says-short-aig-2010-04-08

  30. The Dork of Cork

    @Snott
    you seem to be involved in a Finkelsteinian civil war – my guess is that you are greatly outnumbered.
    But I suppose there is some honour in a valiant defeat.

  31. frances snoot

    Marc, I was referring to the nuts.

  32. Marc Authier

    Ah well. Old fruticakes new fruicales ? Is he an homo ? Don’t they use fruit or fruitcake in a deragatory manner ? Never knew why they used fruits ? Fruits are excellent for health. So are fruitcakes. Must be careful for the calories although.

  33. Youri Carma

    Top U.S. banks reportedly masked risk levels – Major firms said to have cut repo borrowing by 42% before reporting figures http://www.marketwatch.com/story/top-us-banks-reportedly-masked-risk-levels-2010-04-09

    NY state masks deficit by “shuffling” money http://www.reuters.com/article/idUSTRE6344PH20100405

  34. Marc Authier

    @Dork

    THE SYSTEM ? Easy. FREE MONEY for the oligarchs. Government creates limitless paper for himself, gives it at 0% to its buddies that control the government. The government borrows the same money from the buddies at interest. Some crumbs are left to the private sector for lending at prohibitive rates, And if systemic shit hits the fan ? The government use the IRS or inflation to mop up the buddies vomit. That’s about it.

  35. frances snoot

    Peter Schiff represents an old fruitcake given at holidays to several families and now still represented by the tyranny of direct descent:

    http://mises.org/daily/3678

  36. Marc Authier

    @Frances

    Peter Schiff doesn’t like Goldman Sachs and the banking fraudsters that created this terrible mess. A lot of right wing thinkers don’t like the bankers in the USA. Peter Schiff is right about Greece. Sorry. Bankruptcy is the only solution. Same thing for the USA and the FED.

    Ron Paul is a good example of what the world needs.
    A free trader, a pacifist, a libertarian, a CIA and a FED hater, an anti-imperialist, a small government promoter, a real “free” markets promoter. I lost too much money in the USA these last years to not know what Schiff is talking about.

    I started to recoup my losses when I totally boycotted and ignored the US markets. The more I read about banking and the fractionnal reserve fraud, the more I share Ron Paul’s and Peter Schiff beliefs. The FED is a fraud. So is all central banking.

  37. The Dork of Cork

    @Marc
    Well I keep banging on how you can tolerate a situation where the base money of a country is junior to private bank debt.
    If a country cannot service its states debt after the private bank debt has gone the way of the Dodo so be it.
    But before a country defaults on its citizens money all other debts should be marked to zero .
    The failure to do this seems to me a indication of the contrived nature of this crisis.
    I for one only bought the shiny stuff only after hearing about Obamas econimic apointments and also our own sordid domestic crisis – where they are prepared to sacrifice the peoples money for bets that did not work out.

    Although Greece has a large public debt to start with that is also core money as well as debt
    In a crisis with a honest goverment who still belived in the debt money system this would be the logical answer

  38. Youri Carma

    School principal Cathy Beck said the students were offered the chance to be Tasered. http://www.denverpost.com/news/ci_14849073?source=rss

  39. Youri Carma

    Anti-Slavery Day Bill http://www.publications.parliament.uk/pa/ld200910/ldbills/030/10030.1-i.html

    So there will be one day in the year that you are not a slave.

  40. frances snoot

    Making Germany put their assets on the bank books instead of sweeping them into a ‘bad bank’ would be a good thing: a fair thing. Don’t you think so, Marc?

  41. frances snoot

    @Marc:
    Peter Schiff would make a good Christian Social Democrat. I wonder what you term Nazi, Marc.

  42. Marc Authier

    Fiscal discipline is back in Europe contrary to the USA. That’s why it’s going vertical. Letting Greece go bankrupt is a good thing.

  43. Marc Authier

    @Dork

    Not really. Peter Schiff says that the Greek bankruptcy is a good thing. It means that Europe intends put in order the greek the pigstye. That’s what are indicating the markets. Axel Merck said the same thing. In sum markets are voting euro because fiscal discipline is coming back in Europe.

    NOT THE CASE IN THE USA.

  44. The Dork of Cork

    Euro has gone into a vertical ascent !

  45. Youri Carma

    George W. Bush ‘knew Guantánamo prisoners were innocent’ http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7092435.ece

  46. Youri Carma

    First Official Complaint Filed To DOJ-Anti Trust Over JPM’s Role In Silver Manipulation Case http://www.zerohedge.com/article/first-official-complaint-filed-doj-anti-trust-over-jpms-role-silver-manipulation-case

  47. Youri Carma

    The Guy Who Stole All Our Money Now Wants to Steal Our Paycheck, To http://www.washingtonsblog.com/2010/04/guy-who-stole-all-our-money-now-wants.html

  48. Youri Carma

    Playing the Asia card is the obvious choice for Australia http://www.asahi.com/english/TKY201004080470.html

  49. Jackie Mason
    The idiocy of O’s nuke policy
    4.8.10

    http://www.wnd.com/index.php/index.php?pageId=137701

  50. @ Bonn

    It’s HAARP alright and as Max said; “sponsored by Coca Cola”.

    I also prefer to travel light. Compared to London, just about everything in Jaipur is going to seem inexpensive. Plus you get to meet the shop girls. hic ;-)

  51. frances snoot

    “Ultimately, everybody depends on two public goods that are produced by the U.S.: the reserve currency status of the dollar and the debt and liquidity and predictability of the U.S. financial market. And to the extent that these two public goods start deteriorating further, then there will be consequences even for the best-capitalized entities out there.”–Mohamed El-Erian (2008)

    http://www.cfr.org/publication/17486/financial_system_stability.html

  52. @ Dedo
    No more posts from meside nows Spectator Bonn till i find sometin On topic

  53. @ TJ
    Sometimes HAARP makes sure we dont have a Monsoon so more farmers commit suicide so its all up in the air . lolololololol
    But we been having some seasons of drought weather its HAARP or otherwise
    What I do is I always travel with bare minimum . And I buy stuff I need in the place I have travelled to I am a light traveller . You’ll see me @ an airport with a magazine in me hand

  54. @Fib and Bonn,….Could you please keep on topic,..bee4 Stacy gets her whip out!,…: )

  55. @ Fibon
    Gotcha but its anyways time to get a new Comp tis freakin one I currently have is on its deathbed .

  56. @ Bonn

    Umbrellas too?

  57. @ TJ
    Yas gonna see Stars
    lolololololololol

    Hic ;-)

  58. @Bonn
    This is what I would do… Iv no idea what industry uses and it may very from place to place their are many packages not just the ones you mention.

    However once you master one, like Blender it will be very easy to pic up any other and a employer will know….go and speak with some businesses and find out…maybe?

    … also you want a Graphics card / chip that can cope with CAAD .. Ubuntu will help you as its more efficient. Add memory on your comp with appropriate chips…and try? Its free lol

  59. @ Bonn

    Holy Cow!

    I’ll be going to Jaipur, in the middle of the bloody monsoon season, ugh. Should have looked that up earlier . ;-)

  60. @ronron
    Mounties Guarding Canadian Parliament to be Issued Submachine-guns
    http://digitaljournal.com/article/290214

  61. I was in charge of EPP Employee Purchase Program @ Dell I am a freakin dumb asshole

  62. @max or stacy

    whose favorite team is sheffield wednesday and why? i‘ve been wondering
    ever since the owl‘s badge appeared on the bottom of the page.then i found this:

    The club have consistently, and admirably in the view of most supporters, rejected the possibility of going into administration or taking the potentially suicidal risk of spending money they don’t have to try and reach the Premier League. Yet without outside investment, which seems as elusive as ever despite reassurances from the board, the chances are that supporters will continue to suffer and managers to fall by the wayside.

    from when saturday comes:
    http://www.wsc.co.uk/content/view/4227/38/

    may be it would be more interesting to become owner of the owls than
    president of greece?

    sorry for being off-topic but i would be happy to talk about football and the
    influence of oligarchs have had on the beautiful game so far.

  63. Fibon Aint Blender another animation s/w which does mainstream werkforce use Maya or blender or do you hafta get proficient in both and can yas shoot a mail asto what I need H/w & s/w me Laptop is 4 years old with 128 MB RAM :-(
    I’ll keep tis one but I plan to buy a Desktop
    Damn I could buy @ cost price when I was werkin in Dell I could get 50 % off on Dell Products like a dimwit I helped me relatives and fergot about meself
    Dumb Bonn Now I gotta buy at regular price
    Hic ;-)

  64. frances snoot

    Who gets to house the international clearing union? Will it be the ECB? Or is the ECB to be Mini-Me to the Global Superbank?

    http://blogs.trb.com/features/family/parenting/blog/minime.jpg

  65. @ Bonn

    Focus in on this site and software its a good start. Take a look a the Youtube stuff on Blender… Do not be put off by some of the look of what people put out it shows there limitations not the software’s.. Its very powerful and used by professionals in adds and films… . Its CAAD as opposed to CAD… meaning its more animation and 3d rendering etc and not dimension driven like a CAD. However, all the software’s via STL final exports can be used to get what you need.

  66. frances snoot

    The New Global Regulator and Mini-Me? Core EU nations use the trade currency and give ‘soundmoney’ to the periphery whilst retaining the right to set the exchange rates? Good Lord.

    http://www.theatlanticwire.com/opinions/view/opinion/Greek-Crisis-Causes-Second-Thoughts-on-the-Euro-3004

    Setting up those regional trade blocs for the new reserve system means cutting of the ‘tail’. *el-erian

  67. @ Max

    Im confused what is the difference between a Farmhouseville Virtual Razzzberry and a derived Credit Default Swap?

    I cant see any?

    Most of the problems seem to be virtual debts not connecting well with even corrupt politicians. Extending this philosophy will not assist in finding reality.
    Its dead..dead ..the end
    http://www.youtube.com/watch?v=qJQwHwP0ojI

  68. @ Fibon11235
    Thanks Fibon
    I desperately wanna get into animation also Maupin would also be interested but she’s frightened of computers and her boss treats her like a Slave But I have loads of free time to learn and do something I like doing rather than werking fer werks sake
    Regards Bonn
    [email protected] fire a test mail and anyother stuff you think I might need

  69. @ BonnBonnBonnBonnBonnBonnBonnBonn !!!! Got your attention

    Go and take a good look at this !!! Download
    Just because its FREEEEE does not mean that it not the best !!

    http://blenderunderground.com/
    Take a good look at the tutorials at the bottom , spend some time now !!

    Then download and work through them like me lol

    Get yourself on Ubuntu Karmic too get a second comp if you have not done so or duel boot. There is to much good software that is free and the best !!

    If its useful ill send you some other stuff… let me know..

  70. Dr Berninger.

    Greece’s managed portfolio.
    Otherwise known as default.

    http://www.youtube.com/user/jberni1

  71. The Dork of Cork

    @Snoot
    That autumn in Corsica I began to understand the German mindset – I walked with the same people day after day in atroucious weather and sat down in badly run refuges to drink eat and talk.
    I liked the company but they have a macho culture that is off the scale – what sacred me most is that the women are thougher then the men.
    That was Adolfs great strategic mistake – he never contemplated using his womenfolk for the war thingy – I reckon he was worried about losing control of his manhood !

  72. He started at age 6 and a half and it still took a few months to get to the stage you see in the video. He would cry when he buggered up his models and vertices and faces were all over the place. The main difference is he refused to give up.
    lololololololol
    I was learnin Joining handwriting I tink at age six
    Bonn

  73. frances snoot

    @Dork:
    Auch: good German authority. Give me that hammer, got a few nails that have come to a head.

  74. frances snoot

    @FiatMentalist:
    The king doesn’t blame the slaves because he doesn’t attribute any agency to the slaveys: he is only smoothing butter on his freshly baked bread.

  75. The Dork of Cork

    @Snoot
    I was in Corsica autumn of 2008 and the only thing keeping that place going was Germans on Holiday.
    They were sensible with their money but it did get spent eventually.
    Even more Germans go to places such as Greece and Turkey – its a cheap easy flight.
    I have a feeling they will boycott Greece this year and destroy the Greek islands tourist industry.
    Bitter fruits are falling year after year from this crisis of over consumption and now reaction to consumption.
    What was the destruction of the Mediterranean basin for really – nothing but false dreams of leisure.
    They have ringed the entire basin with useless concrete – archaeologists will have a though time sifting through the rubble of our expensive dreams

  76. frances snoot

    Actually, ronron, after being chastized for answering Marc yesterday, I was only trying to stay OT.

    (that’s not over the top, but on topic)

    :)

  77. frances snoot

    Words spun well are like threads of gold in the tapestry:

    http://mrzine.monthlyreview.org/2010/flassbeck130310.html

  78. FiatMentalist

    @Snoot

    First impression is the king is blaming the slaves for being too slavey, so the kings needs more slave control to stop them being even more slavey.

    Am i on the right track?

  79. @Snoot. you looking for trouble again? :-)

  80. Wont be long when Kids are running Ponzi schemes like ta madoff types
    lololololol
    ROFL
    Hic ;-)

  81. frances snoot

    The rhetoric of ‘no/choice’ is being displayed by the Economist in this debate:

    http://www.economist.com/debate/debates/overview/170

    The choices are yes/no that Germany is too export dependent. The underlying assumption is that a suprasovereign (in this case the debateur) has the authority/propriety to decide Germany’s sovereign export/import decision.

    A way to sway the reader to the idea of the international clearing union. Mind you: this union will surely look to Germany’s best interests as tacitly understood by the ECB.

    The reader feels suprasovereign and that pleasurable association feeds into a later attitude of acceptance of a global regulator.

    btw: The Economist really doesn’t want individual opinion on the subject: the decision is already a done deal.

  82. When I was his age I was getting Potty trained
    lolololololol
    ROFL
    Hic ;-)

  83. @Dork

    I know what you mean. I remember talking us Irish talking Irish in Connecticut many moons ago. And we wouldnt even think about speaking it here. If we get a sniff that someone is interested in Ireland…we’re off, gift of the gab is right. I don’t know how many times I’ve done here in the pubs of Killarney.

    Theres a alot be proud of and and alot to be shameful for. I guess every country is the same.

  84. 7 year old using Maya Spaceship Tutorial – 3D Modelling
    http://www.youtube.com/watch?v=dAHffOISTNw&feature=fvw

    lolololololol
    ROFL
    Hic ;-)
    Crap now I gotta compete with 7 year olds fer werk
    lolololololol
    not that I know anytin about Maya but tryin some self learnin

  85. The Dork of Cork

    @Dedo
    There is something big out there in the woods and my feeling is that it is going to huff and puff and try to blow the house down.
    Shame that Obama salesman persuaded us to live in a straw house.

  86. frances snoot

    What affect do sdr-denominated bonds being sold by the IMF have on the sovereign bond markets? Here is the form of exclusive liquidity which is the new wave:

    “A number of details regarding the structure of the bonds are being worked out by the IMF. But some details can be gleaned from existing proposals. These bonds would be traded only amongst the IMF and official agencies, i.e., central banks of the IMF’s member countries. There would be no secondary market for private investors to acquire or trade these instruments.
    It is likely that the bonds would be denominated in SDRs and pay an interest rate linked to the SDR interest rate. The SDR is the IMF’s composite unit of account that is comprised of four major freely convertible currencies with the following weights: US dollars: 44 percent; euros: 34 percent; yen: 11 percent; and pound sterling: 11 percent. It is expected that the maturity of these bonds would be relatively short, perhaps around 12-18 months.”

    http://www.brookings.edu/articles/2009/0504_IMF_bonds_prasad.aspx

    The function of liquidity within the monetary authority/sovereign realm sees the domain within the system of privilege unaccessable by those outsiders forced to habituate value in fiat dollars or “precious” metals priced in fiat.

    All the moves being made by the monetary authorities and their proxy agents see a stasis for liquidity flowing to private entities not entitled through birth or connection to the sdr-denominated market.

    It is telling that the press is completely ignoring this issue.

  87. debt
    default
    drachma

  88. My mistake,.I mean Dork of Cork,…duh!

  89. The Dork of Cork

    @Danny
    I was in Portree Isle of Skye last summer (think Dingle) and in a touristy pub full of Germans looking for the authentic Gaelic experience .

    The Barman switched on a kilkenny / Dublin hurling match and to a man/woman they were awestruck at the speed and madness of the game.

    spent a pleasant hour explaining the rules and intricacies of the Game.
    There has been times when I felt ashamed of my country but not on that day.

  90. @Danny,…I’ve noticed the correlation has been fked up for quite a few periods of late!,..FWIW

  91. The Dork of Cork

    In the last few hours the Euro seems to be strengthening against the Dollar and weakening against Sterling…… strange

  92. @ronron
    hahaha! maybe so.

    @MotherEarth
    Squash!? are you in the ‘café’ or what!?

    Hurling man, hurling!
    http://www.youtube.com/watch?v=XyfEyKTM2Qo&feature=related

  93. And If yas commin in Summer watch out lolololololol yer gonna get baked All caucasians turn reddish pink in tas summer here
    ROFL
    lololololol
    Hic ;-)

  94. The Dork of Cork

    The IMF used to stand for – Its Mostly Fiscal.
    They would reduce the government money supply and it that vacuum their client banks would fill the system with credit money.
    Now the roles seems to be reversed
    The ECB seems to want to starve government debt while protecting their private banks – very old school IMF like.
    Their absurd 3 % deficit rule has to some extent created the massive private debt credit bubble

    The IMF however want to increase the total amount of debt while the ECB wants to stabilise it.
    My own preference is to destroy all risk bank debt and replace it with lower yielding government debt.
    In any case money is and will be destroyed on a massive scale either through default or payments of debt.

  95. @ TJ’s
    Whacha ya into Which City will it might be ?

  96. @ EB

    I agree with you completely, just bustin your chops to keep things interesting. ;-)

    @ Bonn

    I may be coming out your way this summer….now awaiting reply from Indian factory. They do take their time…..

  97. @TJ : If you go out in the street, you are going to be herded, corralled, cannoned, tazered, arrested, dna’d, put on a watch list, surveiled for eternity, and in America, put on a no-fly or terrorist watch list.

    Is that easier than worrying that you might lose your home. If everybody does the same, will they all lose their homes? People, citizens, are perpetrating the system upon other citizens…

  98. @Danny

    You a squash fanatic?

  99. If you like to think yourself hard core and you like to say so on chatrooms, then surely if they don’t come for you first then they have probably done the maths and expect you are just a little doggy that likes to bark.

    A Tool for Internet Chatroom Surveillance
    http://www.leetupload.com/database/Misc/Papers/internet_chatroom_surveillance.pdf

    CIA Funds Chat Room Eavesdropping Research
    http://www.xbiz.com/news/6262

  100. @ME : Nah. Just thought it was easier to type.

  101. @Danny. wait. the price of fucking guitars is going south. :-)

  102. @ronron

    Bought a big metal purchase (for me) this week. Can I buy that guitar now?
    Or maybe this? please?
    http://www.woodbrass.com/images/woodbrass/SANTOS+Y+MAYOR+BOUZOUKI.JPG

  103. @Y ‘All

    ‘All’ is implied if you leave out any @ ;-)

  104. @Y’All

    And this brings me to WikiLeaks. I believe that it is a major ‘noise generator’. Control the envelope. A great way for the elites to distract the masses. Have you noticed it’s cross-over now into the MSM?

    While everyone is salivating over the next WikiLeaks revelation, their freedoms and wealth are be further eroded, without the slightest knowledge of it.

    OK. I’ll shut up now.

  105. @ EB

    No rose coloured glasses? ;-)

    “The solution is this: just stay home. Spend time with your family and neighbors. Help one another……” Home? What if it gets re-posessed?

    Wolves and Speep mate, that’s the name of this game. Put away those peacenik fantasies and prepare for action or you will be part of the first wipeout wave.

    @ Dedo

    Lock and load! tee hee

  106. @EB,..I agree totally!,..just noise, disguised as rhetoric!

  107. @Y’All

    You must understand that the elite are engineering this scenario. They do not care about the noise that we are exposed to on a daily basis. In fact the more noise the better from their perspective, because it conceals the real truth.

    The role of the elite is to just construct an envelope around the noise to ensure that the trend is preserved. And in that sense, all is going according to plan.

    We are not seeing the trend. We are only seeing the noise.

  108. FiatMentalist

    @Al

    You realise the original lords prayer was “forgive us our debts as we forgive our debtors” meaning is a different manner, peps always trying to lawyer the meaning of words. Not sure when it changed, prolly the sametime when the powers that be decided to take debt to a new fractional reserve level. I guess the bible was the original law book after all.

    Redemption is another fun word to lawyer.

    http://en.wikipedia.org/wiki/Redemption_movement

    I recon mankind will focus group itself staright to hell, if fiat money didnt exist a focus group would demand it..

    http://www.youtube.com/watch?v=U12aygMK1lc

  109. @Y’All:

    Firstly, this is not a rose coloured scenario to me, its bleak and forboding. If violence is employed to resist it, then it will only accelerate the end result. So any populist insurrection will just accelerate the further totalitarian withdrawal of the few freedoms that individuals currently have.

    Secondly, I didn’t make it up, not is it wishful thinking. It is a reasoned analysis and has already started. You won’t hear about it in the news. Anywhere. What you are hearing is the noise, the volitility, not the actual trend that I have laid out above.

    Thirdly, the solution is so simple that it just is not visible to most people. The solution is this: just stay home. Spend time with your family and neighbors. Help one another. Withdraw from all economic activity. Is this so hard to do?

    No tax receipts. No consumption. Simply watch your government and corporations wither and collapse.

    But whatever you do, don’t go out in the streets with violence. That is a fools game.

  110. Its Friday We still here hooray looks like ta folks tracking asteroids get only 48 hrs notice temselves
    lololololol
    ROFL
    Hic ;-)

  111. Small asteroid to zip harmlessly past Earth
    http://www.google.com/hostednews/ap/article/ALeqM5gAQfxYfs4NSeOyCre6LgFYZmo17QD9EV892G3
    Nibiru on its way ???
    Annunaki on route fer Gold
    lololoolololol
    ROFL
    ;-) Hic

  112. @TJ,.well said,..It’s amazing how confined most folks thinking is,.I’ve been besmirched on here for throwing out ideas,.as if they’re my own!
    Always makes me laugh! : )
    (To divide and conquer,.always works)

  113. @EB

    Let me apply a screwdriver for a second..All that jive about complexity is nonsense, there is no complexity, there are assets and contracts on them, and fiat currency is the glue that makes them all communicate.

    Banks don’t deal with complex matters, for instance all morgage products can be reduced to flat loans with fixed interest rates, which is what they are to banks. Of course you can make anything with small (financial) building blocks, like lego, like a logical system.

    The current commodity squeeze (imagine all london traders transferring their accounts to Goldmoney.com, that would kill London before 1% moved!) means fiat is sliding towards the exit. That is a good thing considering all prices, contracts, loans are under attack from money printers..They are losing their validity..

    There will be no world currency because of the above, there will be bartering. There will be no carbon tax or energy currency, there will be abundant alternative energy and ubiquitous wealth, eventually.

    SDR, Dollar, Euro, it is all backwards thought. If you make energy free by building large capacity renewable plants, you will be able to make as much land fertile, produce whatever you want, discover how to switch of the gene suppressing regeneration in humans, attack virusses with nanoparticles to kill cancers, replenisch the oceans etc. etc.etc. It is unavoidable just like factual news is ultimately unavoidable.

    I’m enormously sorry about your wanker banker apathy, you can choose to suffer, but I think you’d rather prosper, the choice is yours..

  114. @ Paul

    The Chinese may be a wise and ancient people but they’re just as gullible as anyone else. Tell them to turn off their TVs and they’ll hang you on the spot.

  115. @ EB

    Enjoyed reading your post. Now take off the rose cloloured glasses for a mo.

    In the fullness of time, the US government will succeed in duping some patriot group to fire the first shot. All hell will break loose, everywhere.

    Many cliques and groups have their own plans for our futures but the only likely outcome is that pissed off individuals will fight back. The future is bloody!

  116. China, an emerging America?

    I’m in Guangzhou kicking back with some relatives and I spend quite some time at the office of a relative that owns a local food distribution company. I’m minding my own studying up on Chinese and trying to read the paper. My relative, the boss, and the managers head out. Next thing you know one of the grunts puts on some Christina Aguilera and the whole place is indulging in snacking and gossip. They’re talking about television shows, new movies, clothes…it’s rather unsettling. They don’t even mind me.

    The boss always wants the worker to keep working. The worker always wants to get away with not working as much as possible.

  117. @ME : It’s going to be really difficult to find the solution. The core of what I do is really sifting through complex problems. The main tools I use are Cantor’s set theory, Kolgomorov’s Axioms, and probability. With these tools you can define and solve a lot of complex problems.

    I’ve been applying these tools (roughly) to the present financial situation, to try to ‘shake out’ the larger trends. Here’s my take, so far:

    (1) Globally, for fiat currency, there is too much to meet demand. This fiat space is occupied by a multitude of currencies. But the real global currency transaction space is dollars + euros (the yen is a carry trade factor but not an international settlement currency). I believe that the dollar denominated world will war against the Euro to remove it, or at least eliminate it’s influence. Greece is the first step. There will be many others.

    (2) After the war against the Euro (or as a part of it), the dollar hegemony will be further cemented by a global carbon tax (or carbon market) that must be settled in dollars. This will create the global demand for dollars so that it will survive for another century. All in the name of the climate. Exactly the same thing was done in 1913 in the United States, upon the creation of the Federal Reserve Note.

    (3) A type of SDR will be held by central banks, that will be, in essence, like a gold reserve. It is likely that PM’s will form a part of this basket. The purpose of this will be to get the threat of PM’s to fiat off the agenda. This means either confiscation of PM’s or taxing it into oblivion.

    Do I wish to see this happen? No. Do I want to see the dollar or euro survive? No. I would prefer a world where each country trades with it’s own sovereign **** CREDIT-BASED **** currency. I would prefer 100% reserves. I would also prefer gold and silver as freely tradeable, competitive currencies. Of course, all these desires mean the complete destruction of the banking sector, as we know it today.

    Is this a certainty? No. The political risks are high…and will come down to political stability. Will the people resist it?

  118. Gold at 860 in Euros, jeez it doesn’t seem that long ago it was that in $

  119. The present day ghandi’s aren’t real Ghandi’s according to some indian sources.. But the new approach taken by Gaza is a promissing one..

  120. Israel bars Gandhi’s grandson from entering Gaza
    http://www.ikhwanweb.com/article.php?id=24076

  121. Ebay prices, ya gotta love ‘em..

  122. @Ptah,…tut tut,..see, there you go again !
    I always LOOB up,..live and learn old chap,..live and learn,.: )
    BTW: Just a pointer for ya,.to always assume only two sides of a debate is naive to the first degree,.so I’ll refrain from pointing out the obvious.
    ( walking away scratching arse, shakin’ head and laughing uncontrollably)

  123. Oops Typo
    And you cant use the money fer developement

    Tis IMF sh!t was’nt all tat powerfull 10 or 15 years back I mean at least in 1st world countrys I guess tey were werkin on 3rd world countrys tat time

  124. Dedo: You love the taste of corporate cum dripping from your mouth. Some of us do not. Why don’t you wake up. You always make the same gimpy point. You must have a really sore arse.

  125. Chalcedonite

    Chaos: ever changing, no goals, … creating a “poliverse” ruled by oligarchs rather than a universe

    Law and Chaos podcast: http://www.chalcedon.edu/podcasts/LawAndLiberty/020LawandLibertyChapter8.mp3

  126. Did that really happen is that authentic ??

  127. @Mother,..I hate to piss on your fireworks,..
    But, fiat money doesn’t equate to slavery at all,..
    It’s the use of force, regarding those with weapons and the folk who are trained to take orders.
    Paper has no power, unless it’s use is enforced,.anyone with a brain is aware of this simple fact!
    Wake up,…: )

  128. Yes he did Bonn.

    On the ball.

  129. Great Find ME I wonder what else Bernake is planning now

  130. Fiat Money = Slavery, You participate in a game in wich the house always wins.

    “Money is Just A Symbolic, Mutually Shared Illusion”

    http://www.theonion.com/articles/us-economy-grinds-to-halt-as-nation-realizes-money,2912/

  131. @Bonn,..
    IMF doesn’t equate to slavery,.it just intensifies it !
    In the present “system”,.all those that are governed are slaves, to a certain degree. There are just differing levels, depending on “status”.
    We are now approaching an age of austerity (sustainability),.to of course save the planet!
    BTW: @Maximutt,.
    the public can peer behind the curtains and see that the emperors of warming have no clothes.
    http://www.washingtontimes.com/news/2010/apr/07/global-warmings-unscientific-method/

  132. @ Danny
    Did’nt Warren just Invest a huge amount in railways about 3 months back ???
    http://www.treehugger.com/files/2009/11/warren-buffet-buys-bnsf-railway-trains-berkshire.php

    Warren Buffett Makes a $44 Billion (!) Bet on Trains, Buys BNSF

  133. @Stacy

    Woudn’t you agree that sometimes it may pay to simply hire a translator to get you message through. This also prevents misintepretation. Overly relying on the proactivity of the net will sometimes lose a lot of time.

    I tried to translate matt taibi’s article, but it is too long and has quite a number of populist hard to identify references in them. Still I would think it usefull to provide the perspective in the dutch press. Any suggestions for alternatives? How about Max?

    Also, how could Europeans act in order to escape the slavery? Should we all open an account with Deutsche Bank?

  134. Law That Unifies Everything
    “…results show that inflation is predictable only one month in advance.”

    http://beforeitsnews.com/story/31079/Enter_the_matrix:_the_deep_law_that_shapes_our_reality.html

  135. Al-doomandbloom

    Some quotes from the New Testament of the Bankers Bible

    Banker Bible, Genesis 1:1, In the beginning there was nothing and out of the void God created a Central Bank, to mainain order in the chaos he was going to create next.

    Banker Bible, Book Of Lloyd 13:6, May the Lord have mercy on our mortgages.

    Banker Bible, Book of Revelations: 1:24, A day will come when man will stop taking debt and buying unnecessary things, that day the world will come to an end.

    Banker Bible, Book of JPMorgan, 2:23, Max Keiser is the devil, he will lead people astray.

    Amen! Praise the Lloyd

  136. I told yas long ago IMF = Slavery and give us all yer Resources and yas can use ta money we lend you fer developement