Financial topics

Investments, gold, currencies, surviving after a financial meltdown
Reality Check
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Re: Financial topics

Post by Reality Check »

John wrote:I think I've figured out how this new, wonderful European compromise
works.

Angela Merkel promised last week that Germany would never agree to
eurobonds, as long as she lived. But the new compromise effectively
does the same thing.

* The new rules will allow the ECB to bail out the banks, without
putting the new debt on the balance sheet of the country, and thus
avoiding those painful austerity demands.

* The banks can use the money to buy the country's bonds, thus pushing
down bond yields (interest rates). Spain's 10-year bond yields have
recently been above 7%, and Italy's above 6%.
...
John wrote:Correction: The bailout of the banks will be from the EFSF,
which is largely funded by Germany. So Germany is bailing
out other countries' bonds.
It appears that both your original understanding and your correction were correct:

http://www.telegraph.co.uk/finance/fina ... thing.html

"Relief for Spain ( Spain's Banks ) was accompanied by a pledge to begin purchases of Italian bonds using EU bailout funds to reduce Italy’s borrowing costs with a lighter set of conditions, based on meeting Brussels fiscal targets rather than intrusive IMF oversight."

aedens
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Re: Financial topics

Post by aedens »


Reality Check
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Re: Financial topics

Post by Reality Check »

While FT often has interesting articles, the particular one above is full of regurgitated ideological propaganda from people who flat out lie to achieve their objectives.

One example follows: "Longtime critics of the ATF, from a libertarian banker I recently dined with to National Rifle Association director Wayne LaPierre, claim to believe the corruption runs much deeper. They say Fast and Furious proves the agency has been funneling guns to Mexican criminal organizations. Why the ATF would be doing this -- and making official policy of it -- is never part of the argument."

The last sentence in the above quote from the article is simply false.

The conspiracy theory justification that the above ideological propoganda claims does not exist is quite well known. It goes like this:

Obama came to power with a gun control agenda. Obama's gun control agenda had zero chance of passing Congress. Congress had broad bipartisan support against gun control legislation.

Obama therefore followed a regulatory agenda to have the executive branch simply issue regulations which had the following characteristics: Congress would never pass them as law and the regulations were never authorized by law. In order to give these regulations a chance of passing federal court challenge the Obama administration needed facts to justify these regulations as reasonable and necessary under an emergency public safety justification.

Obama's Justice Department, in 2009, sent a U.S. Attorney ( a member of the U.S. Justice Department ) to the Southwest United States to implement a secret gun walking program where the United States government recruited legal gun shop owners in the Southwest United States to, at the request of the United States Government, take actions that violated the gun shop owner's conscience, violated the gun shop owner's policies, and also violated ATF regulations, by selling multiple military grade weapons ( multiple during a single sale )to suspected straw purchasers that the U.S. Government represented to the Gun Shop Owners were straw purchasers and the U.S. Government also represented that the guns were to be tracked by law enforcement, for purposes of recovering the guns and arresting both the straw purchaser and the real purchasers. All of this, except the motivation of the Obama Administration in sending the U.S. Attorney down there, is a matter of public record.

What happened next is also a matter of public record. During the Obama Administration, and as part of the Fast and Furious program started by the Obama administration, guns, multiple guns per purchase, multiple military grade guns per purchase, were allowed to be purchased by "straw purchasers" at the specific request of the U.S. Government. Shortly after the purchase all surveillance of nearly 100% of such guns by law enforcement was ended and the guns were simply allowed to be "walked" over the border into Mexico by criminals who were not being tracked.

These military grade guns then started showing up in Mexico, identified by serial number, at the site of organized crime mass murders. Depending on which U.S. government documents you use somewhere between 100 and 300 people were murdered at murder locations where these weapons were identified by serial number.

All of the above is also a part of the public record.

Unlike with past U.S. government "gun tracking operations" the Mexican government was never given advanced warning that a specific gun was crossing the border and where and when it would cross, nor was the Mexican government informed the U.S. government had any knowledge about who purchased these guns in the United States or how they came to be in the hands of criminals in Mexico, after they were found at a murder scene, until after the Fast and Furious operation was exposed by whistle blowers and the U.S. Congress's investigation. The United States government merely played dumb with the Mexican government regarding these guns before Congress exposed the false statements by the Justice Department regarding this program's existence.

After the murder of a U.S. government agent in the United States by criminals with some of these guns in their possession, whistle blowers within the Obama administration tipped off the U.S. Congress that the U.S. government was allowing guns to "walk into Mexico at the request of the U.S. government". When the U.S. Justice Department was confronted by Senators and other Members of Congress by these facts about gun walking during the Obama Administration, the U.S. Justice Department called the whistle blowers liars and denied the facts both in writing to Congress and in sworn testimony to Congress.

After a substantial period of time ( 10 months ) and after additional whistle blowers provided documents that proved the U.S. Justice Departments claims were false. The U.S. Justice department admitted, in writing, that the U.S. Justice department's previous statements of fact were "incorrect".

All the above is "on the public record" except the speculation on the motives of the Obama Administration as to why: The Obama Administration initiated the Fast and Furious program, continued to run it for an extended period of time, and gave false information to the Mexican government and the U.S. Congress about the very existence of this program for over 10 months after the initial false information was first given to Congress.

Now the more interesting parts of the Fast and Furious public record, which is seldom discussed - and is why the Second Amendment protection political groups, like the National Rifle Association are so interested in this investigation:

During the regulatory process, and the subsequent court challenges, the Obama administration Justice department used records of the "non-existent" Fast and Furious program to falsely claim that Gun Dealers in the Southwest United States, not the United States government, were responsible for allowing straw purchasers to buy multiple guns per sale and that these same guns were found at mass murder scenes in Mexico.

The immediately above statements of fact are the argument the National Rifle Association used to convince 21 Democrats in the United States Congress to vote for the Contempt authorization that allows the U.S. Congress to sue the Obama Administration in Federal Court to force the release of all documents related to "Fast and Furious".

The size, scope, who in the Obama Administration initiated Fast and Furious, for what purpose it was initiated, who concealed the existence of Fast and Furious, and what the information Fast and Furious collected was used for are reasonably believed to be contained in the documents that the Justice Department refuses to turn over to Congress. An internal Inspector General investigation, controlled by the Obama Administration, was given access to more than 100,000 documents as part of a never ending secret review of the Fast and Furious program, but the Justice Department has refused to allow the Congress to see those same documents and instead insists that the Congress, unlike the Inspectors Generals office, only needs less than 8K documents, said 8K documents being hand picked by the Justice Department. The Justice Department also claims the the Obama Administration has the right to pick and choose what documents the Obama Administration will allow Congress to review in response to a legal subpena from Congress. In this case the Justice Department chose to exclude over 90% of the documents the Inspector General was given access to for review of the same Fast and Furious program.

I am not sure your point in linking to that article, but if it was to demonstrate that elites lie to coverup the truth and have no fear of getting caught in a lie, then it is a great example.

If it was also to point out that the U.S. Attorney General of the United States has no interest in identifying and prosecuting, or otherwise holding accountable, people who contributed to the murder of a United States Border patrol agent, then, again, it is a great example.

aedens
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Re: Financial topics

Post by aedens »

Confirmed: Focus magazine reported overnight that the first clear condition from Germany will be the enactment of a Financial transaction tax for all countries where the ESM would be operational in order to minimize the burden on German taxpayers. In other words, banks would effectively pool their profits, in order to fund the bailout of other banks (or their own).
No haircuts from here out IMO. Domino's are falling into utter darkness.
Fri Jun 29, 2012 No sane market participant is that insane to invest in the Bund now.

aedens
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Re: Financial topics

Post by aedens »

We had a UN file that 142 billion is spent per year on substances. I think the question some will have is
as a taxpayer is we wish that the person who also hired the person are terminated also.

context Fri Nov 20, 2009: "America is the world’s largest cocaine consumer, and about 90 percent of what is sold in the United States comes from Mexico. In fact, Americans spend $142 billion a year on illegal drugs, which is fully 44 percent of global consumption. And most of the distribution networks into and throughout the U.S. are dominated by Mexican criminal groups, according the Bureau for International Narcotics and Law Enforcement Affairs.
I think this sums it up to the gravity to collapse. Mexico has city's asking for United Nations help on law enforcement as we speak to prevent the border city of Ciudad Juarez from tipping so how can we expect the border to hold those who seek stability when none is available on either side from those given to said ethics."

Above the context article it was noted "Cicero recognized that the end of the Republic was almost certain. He stated that "the Republic, the Senate, the law courts are mere ciphers and that not one of us has any constitutional position at all."
As did we... when you seen the intent to the undiscerning eye.... Did you read all the entire supplied links in his document?
Also was clued the response anticipated? http://generationaldynamics.com/forum/v ... 890#p14229
We buried a son of the republic and it must seek to resolve.

Reality Check
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Re: Financial topics

Post by Reality Check »

aedens wrote: In other words, banks would effectively pool their profits, in order to fund the bailout of other banks (or their own).
So how does the amount of profits the banks make compare to the potential size of the bailouts ?

And, more to the point, why would one of these banks not just use transactions with shell corporations their owners also control to ensure the bank had no profits to share ?

aedens
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Re: Financial topics

Post by aedens »

They will promise to loosen control when things get better as always.
http://generationaldynamics.com/forum/v ... 890#p14218
Revisit this topic in three years on the grid construct with what we do know. They think that they have
proved their case by employing such aliases for socialism as planning or the welfare state.
Buy a dividend stock and be a donor. No thanks the forums have our view to garner Capital. Just seen a article that conveys it.
http://www.zerohedge.com/news/guest-post-origin-money
As his hockey stick chart conveys they will want to kill all the kids about now for god and country as always.
Such a system is unsustainable. The subsidisation of incompetence breeds more incompetence, and weakens the system, whether it is government handing off corporate welfare to inept corporations, or whether it is the central bank bailing out inept financial institutions. The financial system never learned the lessons of 2008
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aedens
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Re: Financial topics

Post by aedens »

The complexity of the intellectual landscape makes overarching hypotheses difficult to frame and calls for close studies of individual writers.
D. Wootton, ‘Introduction: The Republican Tradition: From Commonwealth to Common Sense’, in
Id., Ed., Republicanism, Liberty, and Commercial Society, 1649–1776.
Recherches sur les constitutions des peuples libres (1797–1801).
Owing to the failure to find a publisher, the book remained in manuscript form until 1965. It represents Sismondi’s attempt to overcome the revolutionary shock (he was imprisoned twice, in Geneva and in Italy) Remember the left knew this but not you.

Basically, Sismondi adopted Rousseau’s theory that political obligation originates from a social contract, so that ‘sovereignty belongs to the whole nation’

The role of the people under a representative government is crucial nevertheless, since they are required to judge enacted laws with the
indispensable aid of a free press.

Sismondi put forward an underconsumptionist theory framed in the language of political economy, whose scientific standards he
aimed to meet. In attempting an analytical refutation of Say and Ricardo, this book set off one of the most heated controversies in the history of economics

Sound familiar. Remember picking fruit? maybe some will.

No we sued them and got Stock Warrants that assumed the assets of the other one who commited the fraud. The beast got the message early and was unhappy IMO. Context earlier: http://generationaldynamics.com/forum/v ... 3160#p3160
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John
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Re: Financial topics

Post by John »

Image

So, if I understand this graph correctly, it says that the Composite cycle,
the Juglar Cycle, and the Kitchin Cycle are all supposed to be crashing
this year?

Is that important?

aedens
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Re: Financial topics

Post by aedens »

John wrote:Image

So, if I understand this graph correctly, it says that the Composite cycle,
the Juglar Cycle, and the Kitchin Cycle are all supposed to be crashing
this year?

Is that important?
No we already know this. Context matters. Ask Mr. Obama or Mr. Bayner what they will produce this year.
Bottum line is the voter does not see the landscape. I have no reason to expect normalcy from PE.
So far I see balance sheet repair and linear thinking unlike the inventory issue we did note back in
the forums. I did follow up on Dr. Koo but we seen the issue here also anyway going forward.
They are in dire condition and I was under the impression the Japanese will signal the BOJ when
asset "capital" stabalization and given the yens ability to buy segment moves we noted here also
from the wire. As for the asset capture in the Euro "cycle forward" I will wait to see who leverages up and why
since movement is limited now as we have seen here also. Social issue with blinders on design
as GD monitors the probable path forward. Drive, or driven it hinges on education.
We noted back in the forums that if we mantained zero growth in GDP that would sent a positive signal
for a few quarters to assure and move forward. IMO
Last edited by aedens on Mon Jul 02, 2012 10:06 am, edited 4 times in total.

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