Financial topics

[aedens]

We mentioned pivot points on water, wheat, and weather since production as many called just in time production was survivors in sectors from price wars some of us survived earlier until a better rational was established in some sectors. As a Bull watching a bear market at times information needs to be seen in the averages of intent to probability and GD illunimates some past foot prints.

http://www.zerohedge.com/news/2012-10-2 ... l-shah-oil
The most famous example happened in 2003, when Putin charged privately held producer Yukos Oil with a $27-billion tax bill that bankrupted the company. The Russian president then handed Yukos' oil fields over to Rosneft
AAR are now eager to sell, rather than remain in a joint venture with the powerful Russian oil company. Rosneft gained much of its current heft at the expense of another Russian oligarch whom Putin threw under the bus
https://en.wikipedia.org/wiki/Black_Wednesday I do not think they ever made it back from this either.

Think Ukrainians going forward as a poster child.

Going forward they have issues. http://www.ukip.org/media/policies/energy.pdf

I will stop at the three link and remind that at times in the recent past the lights did go out for determined periods from energy policy's.
Green rules coming from the EU threaten to plunge Britain into 1970s style blackouts in three years and lead to energy bills doubling.
Millions will be pushed into fuel poverty having to choose between heating or eating because Brussels diktats are closing power stations and the Government’s energy regulator warned yesterday. The plants that remain in Britain will not be able to keep up with demand by winter 2015, a dire report from Ofgem predicted. We noted some domestic productions will not go out to the open market and this is happening since as we build plants to the market which are confused as non raw export items but finished goods in defined chains.

[OLD1953]

Life is going to be interesting as people find out that government is really there for more purposes than just handing out tax money to corporations. We'll be heading back to power commissions with some heft to them, just as we had in the utility boards in the 40's and 50's. All that "old" nonsense will come roaring right back.

An issue related to the one on yesterday's daily news discussion, and one I find quite distressing, is that most people cannot read English and understand the meaning of the words. I actually saw a guy quote a statement signed by a number of scientists as "proof" that global warming was a lie. So I read the statement, and it said no such thing, I'd have had no hesitation in signing it myself. What it said, sans verbiage, was that there is no scientific evidence that human caused climate change would wipe out the human race before the end of the century. True enough, I quite agree with that. Obviously, there's a long way from that and the way he read the statement which was "there will be no negative impact of climate change", which isn't at ALL what that statement said.

The climate change issue is moot to me here, what is an issue is that he was not able to read the statement and understand the words. This is a regular and ongoing problem with US citizens, especially around election time.

[Trevor]

I try to look at all the historical comparisons, and the comparison to Britain in the 1930s has some merit in my opinion. But mostly I think the US is in a monster government debt bubble, where the real financial crisis has been held off with US government borrowing. The US has a higher government debt to GDP ratio now than it did until about 1942 (don't know the exact year but I should look it up to see where it is now because I haven't for awhile). During the last crisis the US did most of its borrowing for the war effort and this time there hasn't even been a war yet. I agree with Doug Noland when he says this is a huge bubble, sort of like 1929 in size, but it's a sovereign debt bubble is how I think he puts it. Seems to me that most of the corporate profits are due to the government borrowing money and basically handing it to corporations, either directly or indirectly. The deficit is about $1.2 trillion per year, while corporate profits are about $1.8 trillion per year.

This also means that it may be harder for us to mobilize when the war comes. During WWII, our debt increased from around 60% of GDP to 120% of GDP. Well, we're already at 105% as things stand and it's still climbing fast.

[aedens]

Detente never ever leaves the stage as sized to meet competition. We noted this facet here as when central europe consolidated as the English stayed nuetral, as we fought our bankers war called the civil war in 1863. I had the opportunity to read my grandfathers, grandfather journal who was with general grant for the union then, chilling day to day acounts. When king cotton was removed from dixey the limeys flooded egypt and dug into india. He who controls the press narratives controls the resources as assertion processes went unhindered to solidify the capital base. What was and has been posited from the reading of some compelling studies was the oceanic oxygen deprivations zones had more effects than the land based carbon issues. This effect was noted from days that even if we are 20 or 30 percent of the land issues the ocean zones had more effect on carbon dispositions so the taxing authorities just do the macro parasidic thing they do. The point of emphasis is the truth of the actual percentages is ignored to maintain fundings for the percentages who direct the facts that even as you convey the public ignores of, as you convey "no scientific evidence" is discerned. Given the god awefull dumping by the russians and the army for decades the effects are masked by barges we seen parading some years back looking for a place to dump. Government serves no purpose as percentages of change allowed by departmental press releases that only serve to protect the status they are, which is the monolopoly of destruction's. If you wish to confirm this story is serves it own purpose that they are souless to put them selves in the position of what they truly are. Worthless assets....
I, as you know better on these affairs to protect our own. Getting to the tip of the matter, a compound raid tit for tat. Appears we have lost another stand up guy. My sincere respect to this servant and his people who serve. As we say on the support line were do they find these people...

http://www.thedailysheeple.com/rogue-u- ... der_102012

http://www.youtube.com/watch?v=P36x8rTb3jI

[OLD1953]

Right now it's sexy to blame everything on ocean acidification and carbon dioxide. Read a article last week where a naturalist was complaining about the reduction in shellfish on an island in the San Juan islands he'd been studying and he was trying to blame this on acid water. A native spoke up in the discussions and chewed him out for not mentioning that Vancouver CA dumps raw sewage into the current that flows by those islands, and told him to add that into his calculations. People who have their nose jammed up against a particular tree, can't see anything but that tree, much less the forest. (Canada is actually TERRIBLE about allowing rampant pollution, they just look better because they aren't heavily populated in the north. Damn, I'm tipping everyone's sacred cows today!)

Ham is sixty years old, it's no surprise he's retiring. He's had PTSD from his Iraq service and I have heard that his wife is ill, though I can't confirm that. The usual rotation here is 18 months, he's been head of Africom since March 9 of 2011. I've heard nothing about him disobeying orders and being relieved of command, though I don't really listen for that sort of thing, I'm usually too busy to listen to the army gossip.

[aedens]

http://www.youtube.com/watch?v=gG3AKoL0 ... re=related

Same problem we seen for decades on water resources and dumping. When 10 percent of each demographic causes issues the acedemics seem not to
speak up that 70 percent in fact had nothing to do with it but taxes us to fund the studies so it is 100 percent blanket issue to the unseen and seen issues
we have been dealing with for decades. Truth has nothing to do with it. We had a polymer that recovered solids to spray on dead tailings
to recover the barren land. Billions of tons was recovered to be mixed and sprayed on dead areas mining areas and we brought the ph to balance and
tree seedlings and grass poliferated. Sad how things today. I am sure other areas are just as damaged but the minds of people are slack.
I am familiar with technologies of the reclaimations processes in the metro NY areas and many people cannot understand how complicated
and important they truly are to actually prevent damages. Point being the water went out cleaner than the Hudson going in for there water
supply of drinking water. I was hoping it could be done in the Agean basin also from survey data of that time.

[Higgenbotham]

US and UK government debt in historic perspective

http://www.simontaylorsblog.com/2011/12 ... rspective/

[Higgenbotham]

http://www.huffingtonpost.com/daron-ace ... 38118.html

"When politics gets thus hijacked, inequality of opportunity follows, for the hijackers will use their power to gain special treatment for their businesses and tilt the playing field in their favor and against their competitors."

"Things were much worse during the Gilded Age, and the wealthy elite more unscrupulous. Yet the robber barons did not prevail. The U.S. political system was also able to tackle the problem of Southern segregation and black disenfranchisement, which if anything looked even more insurmountable."

I believe this is the first time in the history of the US that the wealthy have hijacked the public finances and stolen this much money from the public treasury in broad daylight. This is what I think makes the current situation different (and potentially worse) than the Gilded Age or Southern segregation.

http://www.cnbc.com/id/34953353/CNBC_Tr ... w_Part_One

"BUFFETT: I didn't like it. (Laughs.) No, I mean, the government forced them to issue the shares. The government's done a lot of good things for the economy and net I'm a beneficiary and Berkshire Hathaway is a beneficiary of the things overall they've done."

"...net I'm a beneficiary and Berkshire Hathaway is a beneficiary of the things overall they've done."

True.

"BUFFETT: (Laughs.) No, what was done in the fall of 2008 was designed to save the American economy. It wasn't designed to save the banks, it wasn't designed to save me. It was designed to 309 million Americans and a good job was done."

False.

This is the first time in European or US history that this much money from the public treasury has been transferred to the wealthy ("top 1%") that I know of since the 14th Century. Financing a war effort out of the public treasury is a different deal. There may be examples of such transfers of substantial funds from the public treasury to royal families (1789 France), but none to corporate elites that I am aware of.

If I'm wrong on that and anybody can show my ignorance, I'd be grateful to be enlightened.

[aedens]

GAAP acounting - pun intended
As you pointed out H from the link - "a few bad harvests finished it off."
They have no credability to offer at all. - inequality of opportunity -
They have no issue grinding the common man into the dust.
The money from the bailouts went over the pond. At least the Aussy PM came to the White House get his money
in plain sight. The presstitutes would not even comment.
http://www.zerohedge.com/contributed/20 ... one-france

[John]

GAAP acounting - pun intended
As you pointed out H from the link - "a few bad harvests finished it off."
They have no credability to offer at all. - inequality of opportunity -
They have no issue grinding the common man into the dust.
The money from the bailouts went over the pond. At least the Aussy PM came to the White Houise get his money
in plain sight. The presstitutes would not even comment.
http://www.zerohedge.com/contributed/20 ... one-france

It certainly is a relief to everyone that Kerviel is in jail.

As I've said before, it's always good to know that the person who
caused the financial crisis has been identified, and is no longer at
large.