Financial topics

[aedens]

http://www.dailyjobcuts.com/

0 bam and the zeke http://www.americanprogress.org/about/s ... -zeke/bio/
have it all figured out for you.

https://www.apwu.org/laborhistory/13-6_ ... ishine.htm

For those who remember if you joined you where a Communist and the Silent Wars we Independents
survived we see what is and not what we hear.

http://www.reuters.com/article/2013/12/ ... 0O20131212

Anything to keep the MIC death cults happy as always. Yes we understand the views.
More than past time over decades to flush the stables.

http://usofarn.com/recommend-sites/

[aedens]

http://www.zerohedge.com/news/2013-12-1 ... zero-hedge

lolz

http://science.jrank.org/pages/2917/Gam ... Burst.html

ozone that was burned out of the atmospere "testing" they later tracked as "holes"
claimed as climate "change" Cannot remember the ratio of the testing as gamma to ozone depletion
but it was something like 1:1000 per mole. Sagan was right on "'nuclear winter"

http://kusmos.phsx.ku.edu/~melott/87551.pdf

Point was each event scaled to its depletion rate and later measured. I think we posted already the
CFC replacement notes and the WTO cartel notes earlier.

thread: http://gdxforum.com/forum/viewtopic.php ... ean#p16438

[aedens]

http://research.stlouisfed.org/fred2/gr ... ault_graph

http://www.zerohedge.com/news/verge-his ... ow-banking

When does the leakage out to ES stop?

a sideways "Austrian" market, in which no new credit-money money comes in or leaves.

We had the earlier chart noted as it was closing as we discussed the hard collateral in the Asian effect as they
inhibited the shadow metal collaterals and will look at the cascading timeline to the secondary
paper pledges for a feel of the tragetory. After the plenum over there it appeared the messagewas clear to
deconstruct the unsanctioned and spurious targeted actors unwarranted or unregulated for probable revenue frameworks.
We noted the shadow inventorys being dried up around that loose timeline of effect as the LME went
looking for that kill switch time augmented as the segment we got escoriated early over it as in MFG fragmentation
on the alledged margin sweeps. I can see the framework to resolve the thought map and the probable effect extending
the discussion as the warm reboot on our thought map , or to reference cartelizations phase to balance the sweep acounts you may
garner. The other root discussion was around May 19, 2013 and Tylers facts of Schrodinger Asset/Liability Function

context: http://gdxforum.com/forum/search.php?ke ... sf=msgonly

http://gdxforum.com/forum/viewtopic.php ... nes#p21547

I consider this a tracer effect: http://www.zerohedge.com/news/2013-12-1 ... lock-trade
I considered it earlier as the expires effect as noted.

Limitless prosperity or limit less instability as noted. I considered already the expires the 13th or so the time to decide on a few sectors.

No other basis can exist as not investing in continuous efforts to improve safety, health and environmental performance. Failure of these principles
exposes the linear ideologies of the saeculum to social survivals with the typical counter expressions to the poised turnings at hand. GD would confer
as it does the seasonal quaternity of the full saeculum. I would be correct to consider the warn reboot the ripples in the mind going forward.
Traction to some with transitory to others would suffice for now as a definition.

GDX and GDXJ (mostly GDX) ankle deep for now and not a bad idea H but will let Dr. Copper set the tempo first IMO on deeper trends.
I see o reason Higg to defer the thought map on the dialog to date you focused for me and the others then. I hold this evidence true
to date going forward into the window...... ty h and t

http://www.simontaylorsblog.com/2013/12 ... one-banks/

The hard landing for the baker and blacksmith are not the same are they.

[aedens]

http://www.zerohedge.com/news/2013-12-1 ... inger-rout

I think the quants are looking for excuses as much as hft replaces over 65000 missing factories. Dec 07, 2013

As t notes “94 percent of college professors were found to believe their (own) work was above average.”

[aedens]

http://www.zerohedge.com/news/2013-12-1 ... heft-looks

http://policylinkcontent.s3.amazonaws.c ... Final).pdf

[Higgenbotham]

Armstrong has been predicting lately that the cycle of economic violence will start in 2014. Here he compares the situation to the 14th Century.

http://armstrongeconomics.com/2013/12/1 ... errorists/

The Political-Economic Revolt of 1343 in Florence may have had its roots in corrupt government as we are also seeing in Europe and Ukraine, but it was set in motion by the economic events driven by over-valuing silver. There was an uprising of workers that erupted on September 24th, 1343. The people stormed the palaces of the rich merchant-banking families located in the Oltrarno quarter of the city that was on the left bank of the Arno River. This was where the palaces of the Bardi, Frescobaldi, Rossie, Nerli, Mannelli, and many others were located. The rioters barricaded the bridges and on the 25th, and they captured the palaces of the Rossi and Frescobaldi. They also stormed the Bardi palace forcing the members of that family to abandon their fortress and flee for their lives. The mob then sacked the Bardi Palace and set it on fire. Contemporary accounts tell us that the Bardi lost that day 60,000 florins in the destruction that took place in Florence – truly a vast amount of money that would be in the tens of millions of dollars today.

The bankers better beware. They will be dragged from their lofty towers and dragged onto the streets. This is NORMAL and it ALWAYS unfolds over and over again. You can cheat the people sometimes and get away with it, but you cannot cheat them day-in-and-day-out perpetually. There is a price for such conduct. It is called a riot.

[jcsok]

HIggenbotham, While most on this board agree that we have past the tipping point of society devolving, I cannot agree that we will in the near term rapidly implode as in the 14th century. First, although the masses are awakening, keep in mind that only a little over 50% are getting a check from the government, and, therefore only 49% are net being victims of overall great theft (I do agree that EVERYONE is being cheated, of course). For the most part, the theft is insidious wherein most people do not realize the theft of inflation and taxes, therefore the masses will not reach a critical mass of combustion in the US for quite some time. Any combustion will come from the 51% when they don't get a check to cover their basic living costs. It will be quite a while because the government will only increase their promises to the 51%, which wil placate them over and over again.

Second, technology and modern warfare have changed so much that a small army will do sufficient destruction to control crowds for quite some time. A few hundred dead people at a gathering will quickly disperse the crowd, for quite some time. Only when the masses have nothing to lose will they be willing and able to storm heavily fortified and guarded ruling class.

The only scenario that I can envision to allow a rapid revolution would be as a result of a large natural disaster, i.e. significant volcano eruption that cools the earth rapidly and causes crop failure in the Northern Hemisphere, or something of that sort. Only when people are starving, and the government cannot feed them by stealing wealth from the citizens will the government be rapidly powerless. Or, nuclear war, but this would galvanize the masses to support the government and nationalism.

Third, the masses are less truly confrontational than they were centuries ago. Sure, we have riots, but they really have failed to be successful in bringing beneficial change, or even change of power. Essentially, people are too soft to really gather for an extended period of time. Really, how can the government "shut down" the national monuments if more than a few hundred wanted the government to back down. It will take a long time for the masses to gain courage and resolve.

Just some thoughts.

[aedens]

I will only point out it took that House 141 years to get that encylical fall or seven cycles
as we discuss this facet in a GD context. He utilizes the long wave and posits some one
looking like this beow will be strung up? At least we watch ours move left right to center
in there dialectic panderings and with a straight face they shrug there shoulders
what are they talking about.

Context: The spanish fleet had a new world boating accident on there silver of pieces of eight and license from the other realm to profiteer on shares.
The futures contract then to the said product went bidless in Flanders as strange as its sounds thats what happened. Liquidity pocket, and the air of simple realism we noted as a definition here.

The fourth crusaders earlier set the stage and helped the Venitian's dethone Alexius III a usurper in Constantinople in 1202 -1204 for payment of transport to Egypt. Zara from Hungary was conquered first for them also for the trade networks east. Baldwin of Flanders was made Emperor. When Constantinople fell later the West literally had to go West and the main flux period was 1532 to the unfolding of the new currency shift in power.
Walker 1918

previous thread: Even if you provide accurate data you will be eaten by that tribe. Simply they are what we discussed as the proverbial fatal deceit as before. Hayek knew this as did Keynes since they only differed on the entry point to sort out needed cartels on what you may remember as the 1346 cluster nodes which keep these neo pagans today from eating each other.

Already noted was the percentage of acedemic work percentages and there percieved quality.
I consider the caloric index per acre tells more than todays facts.

Also our OLD friend I did not say "the word" so i did not disqualify myself: " As we conveyed To answer that last, "I'll have to break one of the rules of internet discussion, so I'm going to have to ask for a waiver from the rule that states "any mention of the word facism means you automatically lose and are subject to ridicule for drawing a comparison with facism". " We will will meet my Brother in his time and have a good cheer......

[Higgenbotham]

This source, "Men of Wealth" by John Flynn has the background to the episode Armstrong describes. I know of no source that gives the specific date of the uprising.

No canvas designed to depict the dawn of capitalism would be
complete without a brief place for what was perhaps the first
authentic strictly capitalist depression in Europe, produced largely
by the operations of these new bankers. The episode is generally
known as the failure of the Bardi and Peruzzi banks in Florence
and it produced consequences not unlike those attending the fail-
ure of Jay Cooke in America or Baring in England or the Credit
Anstalt in Vienna in 1931.

Florence had carried far the organization of her producing
energies. Wool textiles was one of her important products. The
homes of the townspeople and the villagers were turned into sweat-
shops to which the merchants sent the raw wool to be processed in
the homes. While the Church and her doctors thundered against
interest and profit, the village priests read pastoral letters threat-
ening the workers with a denial of the sacraments if they resisted
the exactions of the wealthy usurers of Florence who dominated
the system.

A continuous supply of raw wool on the one hand and wide
markets on the other became essential to the city's economic
safety. This probably led the Florentine banker-traders to Eng-
land, where the best wool was produced. Two of the greatest
Florentine houses, the Bardi and the Peruzzi, began extensive
operations in England in the latter part of the thirteenth and the
beginning of the fourteenth century. They made large loans first
to Henry III and later to Edward II and Edward III, but mainly
to the latter. In return they got the privilege of trading in England,
which was otherwise closed to foreign merchants, and the privilege
of buying wool for the Florentine market.

It is these loans to Edward III which are called by historians
the cause of the failures of the Bardi and Peruzzi. But this is a
very considerable oversimplification. By 1337, when Edward III
launched that bootless century of struggle known as the Hundred
Years' War by invading France, he owed the Bardi 62,000 pounds
and the Peruzzi 35,000 pounds. But he immediately made enor-
mous additional loans to finance his ambitious design to seize the
crown of France from Philip VI. By 1343, when the first phase of
that quixotic adventure came to an end, he is said to have owed
900,000 pounds to the Bardi and 600,000 pounds to the Peruzzi.
Sapori, a recent student of this historic episode, thinks the sums
exaggerated and that they were nearer 500,000 and 400,000 pounds
each.

Edward had promised to pay the principal and interest of these
loans in coin, and his undertaking was guaranteed by the Arch-
bishop of Canterbury and the Bishop of Lincoln. So eager was
the rash Edward for these sums that, upon completing the arrange-
ment, Edward gave to "the merchants of the Bardi society" 30,000
pounds sterling, to the "merchants of the Peruzzi society," 20,000
pounds sterling, and "in consideration of the great help given the
king," 500 marks to a Peruzzi agent in England and, for the same
reason, 500 marks to the wife of another agent and to the wife of
a Bardi agent. Wives of two other agents got 200 pounds each. It
sounds as if two great American banking houses managed an
American loan to the government of Chile on a 20 per cent basis,
while the partners in the two banking houses got a several-hundred-
thousand-dollar bonus from the Chilean president, who also dis-
tributed the largess among the South American agents of the
banking houses and their wives. Thus, commercial bribery had
already made its way into the investment banking business.

But all this time Florence, rushing forward in the first incident
of uncontrolled expansion of the capitalist era, was moving deeper
and deeper into debt. Merchants were making profits and deposit-
ing them with the Bardi, the Peruzzi, the Mozzi, the Frescobaldi,
the Scali, and also investing in various bond issues underwritten
and managed by these houses, but chiefly by the Bardi and
Peruzzi. Competition with their wool industry was growing from
England and the Flemish weavers. But as they produced ever
more they were ceaselessly seeking to expand their markets. Flor-
ence, an economic unit like modern England, imported raw ma-
terials and exported finished products. She enjoyed her expansion
through the strategic activities of her rich bankers, who grew
wealthy milking European monarchs and princes and at the same
time using their loans as weapons to force Florentine products into
those old custom-sealed European countries and cities.

One market, among others, was of great value to Florence — the
city of Lucca. This city was a commercial battleground between
the merchants of Florence and Pisa. And out of this situation it
became the victim of an episode that depicts strikingly the inheri-
tance of violence that deformed the early struggles of primitive
capitalism. A band of German mercenaries seized Lucca and offered
to sell it to the city of Pisa. Pisa agreed to pay 60,000 golden florins
and made a down payment of 13,000 florins, which it was destined
to lose when Florence armed to balk this sale of its valued market
to its chief rival. Later certain Florentine merchants and bankers
— including beyond doubt Bardi and Peruzzi — offered the German
mercenaries 8o,oco florins. They would thus control Lucca as a
market for their products and own its customhouses and its tax
revenues. It was as if a few leading merchants and manufacturers
of Philadelphia were to propose to buy Pittsburgh from a mutinous
regiment of the New York National Guard that had seized the
latter city and was now peddling it around the East. But Florence,
still ruled by the remnant of the old Guelph spirit, protested against
this immoral purchase of a city's population like so many slaves.
Finally the captors of Lucca knocked the city down to a Genoese
merchant-adventurer named Gherardino Spinola for 30,000 florins.
The outcome of this was war between Florence and Pisa.

The first effect of the war was a demand for war loans, which
the banking houses were called upon to float. And this came at a
time when Edward III was marching his armies around Flanders
and making new appeals for larger advances from the Bardi and
Peruzzi.

The competition of the English and Flemish wool weavers had
been undermining the trade of Florence much as the competition
of the Carolinas cut into the business of the New England textile
industry and as the competition of the East cut into the textile
industry of Manchester. Production in Florence fell off. The streets
were filled with the unemployed. Merchants who had large deposits
with the Bardi, the Peruzzi, the Frescobaldi, and others were call-
ing for their funds. Some of the smaller bankers failed. Indignation
against all the bankers was rising. Florence faced a crisis not
unlike that which faced America in 1933 or Germany in 1932.
Nothing could save the great bankers but a moratorium. Disturb-
ing rumors floated in from Flanders, where Edward's generals were
having but small success. In this crisis this old city, where the
popular party had always been strong, with its active popolo
minuto, which hated the Ghibellines not only because they repre-
sented the philosophy of the economic royalist, but of external
interference and domination, submitted to the device of dictator-
ship. In 1342 that fantastic adventurer, Walter of Brienne, a
Frenchman who styled himself the Duke of Athens, was made
dictator through the machinations of the bankers. He proclaimed
a moratorium on private debt for three years, which saved them.

But, having come into power, he plotted immediately for com-
plete mastery. He suspended payment of the interest on the public
debt and planned gradually to extinguish it by progressive repu-
diation, which promptly brought upon his head the wrath of the
bankers. In 1343 the distress of the city was so great, the fortunes
of the war so melancholy, the anger against the dictator so general
that the people poured into the streets in an unrestrained uprising.
They looted the palace of the Bardi, taking it is said, valuables to
the amount of 30,000 florins. The dictator was compelled to resign
and flee from the city. Certain Neapolitan bankers who had loans
outstanding in Florence called them. The news came of Edward's
reverses that brought the Hundred Years' War to its first pause in
1343, and Edward delivered the crowning blow by defaulting upon
his loans. Immediately the Peruzzi bank failed. And within a year
the great Bardi bank crashed. They carried with them most of the
bankers of Florence. The disaster shook all Europe and produced
in those cities where capitalist organization had proceeded to any
length, such as Venice and Genoa, the most depressing conse-
quences. Excessive debt, overexpanded industry, concentration of
money and power and wealth, the extravagance of governments, the
destructive power of war had made for Europe its first great capi-
talist depression in the modern era.

https://archive.org/stream/MenOfWealth/ ... h_djvu.txt

[aedens]

With our documents we can get close enough Higg. If we consider wall cycles as a common thought map we can convey
a rather tight time line for our needs to considerations anyways. We can underpin it with Klingberg and his cycle of
political deviats. I tossed out the Zeke link since it undersrcores the Clinton connection and the sticky wage issue
we rather covered accurately from effects noted with the bolt on contructs of the LSE Fabians percieved Utility which
we have defined closely as bent of mind. I can step from Acton to Marshall to render a reference to assimilate the current malaise
and to be accurate the master builder dilema with the cornerstone the builders reject to seamlessely announce what
we already trend.