In the end we're all debt

2012-02-13 Athens burns: has #Greece entered its Argentina moment?

2012-02-18T17:30:00.000+01:00

Yet as the elites persist with their scaremongering just to buy themselves a little more time, at least the 82-year old WWII survivor Stella Papafagou won’t be afraid of the “apocalyptic” consequences that Prime Minister warned of in Parliament today. “We’ve fought several times for liberation,” she told the New York Times. “But this slavery is worse than any other. This is worse than the ’40s. I would prefer to die with dignity than with my head bent down.”
http://wlcentral.org/node/2457

Eckhart Tolle - short but important interview

2012-02-18T16:42:00.002+01:00

http://www.youtube.com/watch?v=oORUehs4s7Q&feature=g-vrec&context=G2f4d520RVAAAAAAAACQ

What happens at the time of death? (Eckhart Tolle)
http://www.youtube.com/watch?v=vWXpPGL55No&feature=related

The Billionaires' Brokered GOP Convention with BBC's Greg Palast

2012-02-18T15:10:00.003+01:00

On the Friday, February 17 edition of the Alex Jones Show, Alex talks with bestselling author and freelance journalist for the BBC and the British newspaper The Observer, Greg Palast. He is the author of The Best Democracy Money Can Buy, Vultures' Picnic, and other titles and has appeared in a number of films, including American Blackout, a documentary about voter disenfranchisement and the use of voting machines in both the 2000 and 2004 presidential elections.
http://www.youtube.com/watch?feature=player_embedded&v=-6-SDMlO9yE#!

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that
controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
http://hypervocal.com/news/2011/the-corporate-1-percent-just-147-companies-control-40-of-worlds-economy/

The Goldman Sachs Network Now Controlling Europe
http://www.youtube.com/watch?v=cpNlnpn0Jvk&feature=player_embedded

Jim Sinclair: The Impending Undeclared Default Of 5 Major US Bank The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association. This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.
http://profitimes.com/free-articles/jim-sinclair-the-impending-undeclared-default-of-5-major-us-banks/

Gold as money a terrible misstake

2012-02-18T12:24:00.008+01:00

In a world where fiat currencys are in the process of beeing debased as we speak it may seem they are keeping up their value as the relationship vs another fiat currency may not change that much overtime as they all and together go down in a downwards spiral valuation vice.

In such a world the relative value of commodeties such as e.g. gold is a good investment. This as for instance gold maintains its purchasing value over time and thus protects wealth.

Bottom line and key here is that the driver when Gold is increasing in value is that what actually is happening is that currencys are loosing in purchasing power relative everything else.

"after The Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread.

Ask my mother how much the price of milk has increased just in the last ten years alone.In other words, the value of the dollar remained extremely stable for 150 years, then The Fed was created in order to "stabilize the value of the dollar" and the result has been a 95% devaluation of the dollar in less than 100 years following its creation.

Below is a graph of this history, which I’ve marked with the year 1913 so you can see the change. The graph is also marked with the years of decoupling from the gold standard, as no examination of dollar value would be sound without such mention."
http://www.lewrockwell.com/orig10/voorhees1.1.1.html

No wander people now are turning to hard assets:

http://www.youtube.com/watch?v=umSZOKNHY-M&feature=player_embedded

Question then is how should our monetary system be reformed in order to mend
thise issues?

Clear is we must not make the misstake and base a new monetary system on a gold standard because:

in a world ruled by the wealthy money is defines as wealth (e.g. gold)
In a world ruled by the bankers (as we have today) money is defined as credit
In a world ruled by the people and for the people money is defined by law.

The underlying reason for the financial crisis we now see unfolding in all the OECD countries is based on the fact money today is created as debt and as debt saturation now has reached completely unsustainable levels in ALL parts of our society, (private as well as goverment) the economy is now set up for a real crash as we now can
witness there are basically only two options awailabe for the current establishement to try to solve the challange of over in debt ness.

One is austerity to an extent never in fact seen before (the European prefered solution it seems) or extensive money printing as prefered by the US where today ALL of the tax generating incom on an annual basis (some 2 $trillion) is used to back stop new money printing.

Un sustainable as real and viable economic recovery never has been made successfull by reducing a populations standard of living to more or less a stone age level and as getting in to more debt in order to pay off interest of old debt that not is annualised never was a good idea.

Here more about the real viable alternativ to our current debt based system:

Max Keiser interviews Bill Still
http://www.youtube.com/watch?v=UGEPqe7DwLc

Stephen Zarlenga works with Rep. Kucinich on The American Monetary Act, designed to resolve the banking crisis. This clip from a longer film defines 3 steps: In addition to nationalizing the Fed. and removing the power of banks to
create money as debt out of thin air, the Act reminds us of the Constitution, Article I, Sec. 8, that states that our government has the sovereign power to issue money and spend it into circulation. Whatever you think about point 3 - the government could not possibly do any worse than the banks.
http://www.youtube.com/watch?v=V_kbyAl3-AM&feature=related

In the above Zarlenga discusses the FED relationship vs the Treasurie but rest assured the same kind of issues prevails relative how now central banks act in Europe. Listen here to what proffessor Hudson says at 06:30 about real choises and also at 09:30 about the Maastricht criteria and the ability of European Central Banks to act as Central banks:
http://www.youtube.com/watch?v=8HWPxQV9FFgu

Then regarding preciouse metals you then also need to understand the history e.g. as Gold in 1933 actually was confiscated and owning gold by US citicens not allowed again until 1971

You also need to know Silver was included in these events:

1934: In accordance to the Silver Purchase Act of 1934, U.S. President Roosevelt issued executive order No. 6814 to confiscate and nationalize silver, and outlawing private ownership of quantities more than 500 troy ounces.

March 6, 1933: To curb mass panics and bank runs, President Roosevelt declared a four-day Bank Holiday to stop hoarding and export of gold and silver. The "Emergency Banking Act" passed on Day 3 shut down banks, which needed to be deemed "financially secure" to be reopened.
http://www.reuters.com/article/2011/04/25/us-silver-history-idUSTRE73O13O20110425

Gold Confiscation: Could it Happen Again?

People who scoff at the suggestion that the government might restrict private gold ownership should remember that many other countries have restrictions on (or absolute prohibitions against) private gold ownership. They should also remember that, in 1933, Franklin Delano Roosevelt dealt with a monetary and banking crisis by confiscating all privately owned gold; paying for the gold at $20.67 per ounce; immediately devaluing the dollar by 40 percent; and setting the price of gold at $35.00 per ounce. At a single stroke, Roosevelt increased the government's gold assets, stabilized the monetary system and increased wholesale prices by more than 33 percent. However, he also inflicted losses of 40 percent on gold owners and stripped them of the gold that they saved to insure their financial futures.
http://www.blanchardonline.com/beru/confiscation_again.php

Sure is we now have a real monetary crisis world wide and if you want a world where money then in some form would be backed by gold well then what happened above sure could happen again.

By the way there are other ways in order to revalue an asset e.g. by introducing new trading limits and restrictions. In that regards the story about the Hunt brothers sure is worth while reading.

The Hunt Brothers Silver Corner
http://fskrealityguide.blogspot.com/2008/02/hunt-brothers-silver-corner.html

In the mean time more and more people are now waking up to the fact our current monetary and fianancial system simply isen't worth saving:

The loan sharks are now beating up a poor viktim as an example for all the others
http://intheendwerealldebt.blogspot.com/2012/02/loan-sharks-are-now-beating-up-poor.html

Felix Zulauf on the European Debt Crisis−No Painless Way Out

2012-02-17T23:42:00.000+01:00

Money Printing Going Global

Jim welcomes back Felix Zulauf, Founder and President at Zulauf Asset Management AG for another wide-ranging discussion. In the first of a two-part interview, Felix discusses the European debt crisis and believes the bailouts will be bigger than anticipated. He also sees money printing going global as central banks expand their balance sheets to equal or surpass the GDP of their respective countries.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2012/02/10/felix-zulauf/the-european-debt-crisis-no-painless-way-out

Guest Post: Do We Really Know Greece's Default Will Be Orderly?

2012-02-17T23:07:00.003+01:00

"derivates related to bond insurance"... say no more.

http://www.zerohedge.com/news/guest-post-do-we-really-know-greeces-default-will-be-orderly

Greek 1 Year At 629%, Biggest One Day Jump In Yield Ever
http://www.zerohedge.com/news/greek-1-year-629-biggest-one-day-jump-yield-ever

Money printing or Austerity - Really today the only options awailable before the current financial system collapses

2012-02-17T22:51:00.004+01:00

Today Egon von Greyerz told King World News that the consolidation in gold is ending and gold will begin a major upside advance starting next week. Von Greyerz also discussed the very serious conditions facing Europe and the United States. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about what is happening: “I’m looking at the world getting more problematic every day. Let us just take Greece as an example. People say Greece is small and it is small, but it’s very significant. You are seeing riots in Greece. Those riots are due to austerity.”

If there is a formal default, there is no option for the banks. Jim Sinclair has been talking about this, US banks are carrying the biggest part of these CDS’s....

“The US banks, in total, have $250 trillion in derivatives. Of the total derivatives, maybe $30 trillion is in the form of credit default swaps. So that would be an absolute disaster for the US banks and for the US economy.
We have pressures coming out of Europe, but in the US we see no austerity whatsoever. What is the US doing? The US is basically increasing their borrowings by $2 trillion per year. $2 trillion is the same as the tax revenue of the US. They are borrowing as much as their tax revenue and they will never be able to repay the debt.

So the US is going in the other direction. No austerity, instead spending themselves into bankruptcy. This will soon have an effect on the US economy, bond market and the US dollar. The fact that the US is not downgraded to junk is just ridiculous. They should be. But of course the rating agencies don’t dare to do that.

We are in a situation that cannot be fixed. It may lead, as I’ve been saying, to a total collapse of the financial system. Before that happens, governments will try to print unlimited amounts of money. This will result in currencies worldwide losing their value and this will be reflected in the price of gold.”

Von Greyerz also added:

“The ECB and the eurozone governments are working on ring-fencing, but you can’t ring-fence these markets. These markets are international and totally interconnected. If Greece defaults, everybody will start attacking the other weak countries.

We are looking here at a situation where it is the last snowflake creating the avalanche. You only need a little bit happening in Greece and it will spread everywhere. If Greece defaults, they can’t ring-fence any other country for more than a short period of time. So they don’t dare let this to happen because it would be catastrophic for the world.

My view remains they will print money because if they fail at that we will have no financial system whatsoever. Printing money will not solve anything, but short-term it will again defer the problem and kick the can down the road.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/17_Greyerz_-_Gold_to_Begin_a_Major_Advance_Starting_Next_Week.html

Sherry Peel Jackson - Breaking The Invisible Shackles Of The IRS

2012-02-17T15:44:00.000+01:00

By Sherry Peel Jackson, Certified Fraud Examiner and Ex-IRS agent. She Challenges all citizens to demand answers from congress about the legality of Federal Income taxes and the Federal Reserve. This is a 2 hour lecture about some of the inner secrets of the IRS, and the fundamental lack of juridical framework that supports it.Read her story here: http://conspiracyplanet.com/channel.cfm?channelid=111&contentid=4480

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

The CADTM downgrades its IMF rating and places this institution on very negative outlook.

2012-02-17T15:16:00.000+01:00

The Committee for the Abolition of Third World Debt (CADTM) has decided to downgrade the IMF’s rating due to this institution’s heavy share of responsibility for the deterioration of people’s living standards in countries subjected to austerity policies it has openly imposed or dictated from behind the scenes. The resulting high levels of unemployment, aggravation of the crisis and the increase in public debt of the States following its counter productive and unjust recommendations justify downgrading the IMF’s rating from NNN to NO- with a further very negative outlook.
http://www.cadtm.org/The-CADTM-downgrades-its-IMF#.Tz4MJtshQxw.twitter

IRS Fraud: There Is No Law That Requires You To File A 1040!

2012-02-17T13:45:00.001+01:00

http://www.youtube.com/watch?v=Wj_PTqtzqro&feature=related

Bill Still address the Libertarian Nation on 11 important issues
http://www.youtube.com/watch?v=7gzbq-rZiIQ

Jesusmanifestationen 2009 - Göran Skytte

2012-02-17T11:03:00.000+01:00

http://www.youtube.com/watch?v=a1F6zVMF0mc&feature=related

Göran Greider om Jesu uppståndelse

2012-02-17T11:01:00.000+01:00

Från Sveriges Radio's P1Teologiska Rummet 31 Okt 2010.
Göran läser ett citat från Majgull Axelsson som är mycket talande.
http://www.youtube.com/watch?v=oyqsg-NU4mk

The loan sharks are now beating up a poor viktim as an example for all the others

2012-02-17T10:07:00.008+01:00

Greece now is entering in to a phase of what only can be characterized as extreme austerity. The Greeks are now function on more or less a day by day basis, after having been financially depressed down to a mere survival mode.
Seems totally insane as well as completely illogical as you try to make someone already technically bankrupt and financially totally depressed by extensive over in debt ness take on even more debt while at the same time forcing them to save even more.

If you really want to make a future for these people well then you need first of all to clear off all debt so that you may be able from there to then grow your way out of misery. With an already extensive debt situation getting on even more debt and try to save your way out of your dilemma is not a viable method to solve the issue.

The real underlying problem in fact is not the Greek over in debt ness but that the large worldwide banks in fact already are insolvent and thus technically bankrupt and only made to keep on surviving due to extensive creative bookkeeping measures.

What they then clearly cannot cope with is a default of a country and this then would make it utterly impossible to further delay the unavoidable – a bankruptcy of what in fact is most of our financial system as we know it.

Now if Greece is forced to sell out all its assets well then these insolvent financial institutes will be able to try to exchange what in fact is their toxic waste of humongous and totally, completely valueless paper assets (e.g. Derivatives junk)and replace this with real tangible stuff like e.g. Greek airports, subways, electric grid, water- and sour system etc. Stuff that in fact may also provide some cash flow and earning capacity. So take over the electric grid then hike prices and you may make some money and have som actual wealth in you books as a change for the paper junk you had before.

So clearly that then one drivers behind what’s now going on as all of the earlier publicly owned assets now and as we speak are being transferred to private hands. Shame then for the bank there is one challenge in all of this and that's the people living in Greece that somehow and in a totally wrecked economy somehow then must survive, one way or the other.

As long as there is no real threat to this privatization process it will go on in what then can be described as a chicken race. Grab as much as you can for as long as you can and keep at it until it really is no way you can continue e.g. the host really has no oxygen or blood left in is body. You know even a parasite needs it’s host and somewhere along the line killing it off completely may in fact be contra productive. But until then expect no mercy and expect no forgiveness (in this case debt forgiveness).

Second issue here is that as this already today insolvent finance sector had been forced to take the hit it may survive the blow from a small economy like Greece. But rest assured if Greece will default and is able to get away with it then Ireland will see this also as the only logical next step, as will Portugal, as will Italy as will Spain. There is no way the financial secort will be able such an avalance of defaults.

So now by blocking Greece from defaulting and in the meantime trying to ring fence the negative outcome of a possible Greek default (inevitable) the banks are hoping they will be able to in the meantime not only reduce the risks but also trade of some of their paper junk to real cash flow real worth stuff.

Then when actually Greece defaults as it then becoming evident for all it may not survive at all other vice the indeed chilling message to all other over in debted countries will be “sure you can default but don’t you dare think of it or well totally wreck your economy like we did Greece”.

That’s the way loan sharks go about their business by stating an example beating up a failing lender in front of other possible debt challenged individuals. The real question is why on earth are the, by the people elected politicians in e.g. Germany, in France, in the UK and USA, to this extent trying to save a financial system that anyway cannot be saved?

What’s really in it for them promoting the interests of the finance industry and by doing so clearly then working against the will and what’s best for the people that acually elected them in the first place? Bottom line - who really are our politicians working for?

Mind you all of what now is going on is made possible in the name of democracy. Clearly then this proves how democracy has become just another spin word for oligarchic interest as publicly owned and paid for property is transferred to the private few as we speak.

What is needed in fact is not democracy buy real rule of law! Re-regulatio of the fianancial markets, remove the banks ability to create money and removing the Maastricht Clausul restriction on Central Banks thus allowing them to issue a soverig states own money without any interest.

In short whats needed now is rule of law and a monetary reform. Democracy however without it is something you can store in what then will become a historical dust bin of feodalistic fachisem.

Iceland Did ‘The Right Thing" Defaulting
http://intheendwerealldebt.blogspot.com/2012/02/iceland-did-right-thing-defaulting.html

The Greek Experiment

2012-02-17T07:46:00.000+01:00

Michael Hudson: Greek crisis used to find out how far finance can drive down wages and privatize
http://www.youtube.com/watch?v=OJ7m-gXzQCs&feature=player_embedded#!

While You Were Sleeping, Central Banks Flooded The World In Liquidity

2012-02-16T21:06:00.002+01:00

There are those who have been waiting to buy undilutable precious metals in response to a headline announcement from the Fed that it is starting to buy up hundreds of billions of Treasurys or MBS. This is understandable - after all that is precisely the trigger that the headline scanning robots which account for 90% of market action in the past year are programmed to do. And the worst thing that one can do is put on the right trade at the wrong time. Yet it may come as a surprise to some, that while the world was waiting, and waiting, and waiting, for Bernanke to hit the Print button, virtually every other central bank was quietly unleashing it own mini tsunami of liquidity.

In fact, as Morgan Stanley puts it, "the Great Monetary Easing Part 2 is in full swing." But wait, there's more: in an Austrian world, where fundamentals don't matter and only how much additional nominal fiat is created is relevant, it is sheer idiocy to assume that the printers will stop here... or anywhere for that matter. They simply can't, now that the marginal utility of every dollars is sub 1.00 relative to GDP creation. This means that by the time the Global Weimar is in full swing, we will see much, much more easing. Sure enough, MS anticipates an unprecedented additional round of easing in the months ahead. So for those waiting to buy gold et al at the same time as DE Shaw's correlation quants do, the time will be long gone. Because slowly everyone is realizing that it is not the Fed that is the marginal creator of fake money. It is everyone.

Behold, the Great Monetary Easing part 2:
http://www.zerohedge.com/news/while-you-were-sleeping-central-banks-flooded-world-liquidity

Jim Sinclair: The Impending Undeclared Default Of 5 Major US Bank
The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association. This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.
http://profitimes.com/free-articles/jim-sinclair-the-impending-undeclared-default-of-5-major-us-banks/

SENIOR US BANKERS GIVEN EXPLICIT TIMETABLE FOR ATHENS DEFAULT

2012-02-16T19:37:00.009+01:00

A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January. The Slog has separate but corroborative sources affirming the existence of the document, and a conviction among senior bank staff that – at least at the time – the plan represented “a timetable, not a contingency”. The plan gives a firm date of March 23rd for default to be announced after the close of business.

In the last three weeks, several EU officials have pumped out the line – over and over again – that Greek default is no longer the bogeyman people thought it was….or to be more precise, they told us it was. “It would have led to a credit crunch immediately and hurt us all,” said a senior eurozone official. “Now, the odds [of such a catastrophic impact] are something like 10-20%. It’s still possible, but it’s not a certainty.”
http://hat4uk.wordpress.com/2012/02/16/greek-default-exclusive-senior-us-bankers-given-explicit-timetable-for-athens-default/

Nigel Farage, "I think we're heading for a revolution of some kind in Greece"
http://www.youtube.com/watch?feature=player_embedded&v=O7y45ORzRdI#!

Financial Holocaust looms
http://intheendwerealldebt.blogspot.com/2012/02/max-keiser-financial-holocaust-looms-as.html

Then regarding the supposed "contained" Greek default.., Well I actually have my doubts..

First of all who was it that talked about "contained" a while ago?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2sR53w7DoDY

Then how do you actually contain something you do not know where it is or how much..?

Iceland Did ‘The Right Thing" Defaulting
http://intheendwerealldebt.blogspot.com/2012/02/iceland-did-right-thing-defaulting.html

A&G's AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer
Allianz Outlook To Negative
http://intheendwerealldebt.blogspot.com/2012/02/aig-moment-approaching-moodys.html

Lastley possibly this is THE issue.related a a Greek default.?

As I have repeatedly said the problem is not, in the main, Greece. It is that Italy, Portugal, Ireland and perhaps others will demand the same thing when Greece defaults, especially if they "get away with it", and it is nearly-certain (absent armed intervention) that they will.
http://market-ticker.org/post=202112

The Corporate 1 Percent: Just 147 Companies Control 40% of Global Economy

2012-02-16T18:29:00.000+01:00

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
http://hypervocal.com/news/2011/the-corporate-1-percent-just-147-companies-control-40-of-worlds-economy/

147 företag styr allt

2012-02-16T18:25:00.001+01:00

Bilden här ovanför ser ut som ett konstverk men är en modell över världens största företag.

Ju större prick, desto större företag. Det intressanta är trådarna mellan prickarna.

Världens stora företag hänger nämligen samman. Det är inte konkurrerande intressen som styr världen utan allt är ett enda gigantiskt nätverk av gemensamma styrelser, gemensamt ägande och gemensamma intressen.

De stora bolagen är helt enkelt ett till antalet mycket litet men i makt stort särintresse.

147 företag visar sig vara den största maktkoncentrationen vi har. De styr världen.

Men deras agerande styrs inte av politiska program eller öppet diskuterade åsikter. Det styrs av en ständig jakt på ökad vinst och ett ständigt försvar av den makt och det ägande man redan har.Lägger vi samman storbolagen får vi bilden av en gemensam varelse, en slags entitet.

Den visar hur fel det är att tro att det finns en fungerande marknad eller ens en fri konkurrens. Det blir tomma ord i en värld där några äger alla makt över företagen gemensamt.
http://dagens.etc.se/analys/147-foretag-styr-allt

Finns det svenska "ekonomic hit men" ?

2012-02-16T16:04:00.003+01:00

Läs mina inlägg nedan ffa om hur det gick till när den Svenska finans marknaden avreglerades och sedan även lyssna till John Perkins det han berättar om sk "Ekonomic hitmen".

Fundera sedan på om du ser några likter i ex hur Anders Sahlén som var kanske en av de mest drivande på Riksbanken men även hur Erik Åsbrink agerat/agerar hur de ev i så fall kan passa in i detta mönster. Finns det något som stämmer överens eller är det bara innbillning?

Feldt, Åsbrink and Dennis - “The Committee to Save Sweden”.
http://intheendwerealldebt.blogspot.com/2012/02/feldt-asbrink-and-dennis-committee-to.html

Economic Hitman reveals shocking truths about the Government
http://www.youtube.com/watch?v=0CofEbxtIxI&feature=fvst

Sveriges Riksbank

2012-02-16T10:51:00.014+01:00

Det framkommer klart och tydligt att den Svenska Riksbanken var mycket drivande gällande att hålla förberedande arbetet kring avregleringen av den svenska kreditmarknaden 1985 från den politiska beslutsprocessen och dagordningen. Lika angelägna och centrala har man sedan även varit relaterat till att verkligen se till att avregleringen till sist blev verklighet och trädde i full kraft.

Lika noterbart var hur fullständigt ointresserade Riksbanken varit med att sedan löpande förse våra folkvalda med relevant information gällande avregleringens omedelbara och lånsiktiga reusultat och konsekvenser.

Det är anmärkningsvärt vilken enorm politisk kraft det visat sig att Svenska Riksbanken har och hur man från bankens sida i realiteten varit den som dikterat Sveriges framtida politiska inriktning.

Lika besynnerligt är det när man sedan tar del av hela historien kring Riksbankens Ekonomi pris eller som det helt grundlöst kallas i dagligt tal Nobels Ekonomi pris.

Nobelpristagare i Ekonomi 2003 var Robert Engle och Clive W. J. Granger som räknade ut matematiska tabeller som användes för att kalkylera riskantaganden för finans marknaden;

" Engle developed the mathematical models that were used by the financial engineers to develop the CDOs and related instruments that created the credit bubble".

Modellerna började användas i stor skala av banker och värderings institut med resultatet att man räknade risken och täckningsgrader på ett sätt där dessa helt undervärderades.

Orsaken visade det sig är att man i Nobel pristagarnas modeller antagit en allt för kort tidsserie som dessutom var en exeptionell uppgångsfas. Tar man istället i beaktande verkligheten under längre tidshorisont har man även på finans marknader värderings fluktuationer och detta avspeglar sig då på hur stor risk man bör ange ett visst lån och avsättningar för risk vid packering av finansiella instument.

Så med altför snäva och positiva antaganden, orealistiska tidsserier baserade på exeptionell expansiv period fick banker och bostads institut världen över mandat att basera sina lånekriterier på.

Den akademiska värdens teoretiska modeller gas med detta Nobelpris finans markanden ett veritabelt carte blanche för vettlös utlåning när innebörden av risk eleminerades till ett absolut minimum.

Resultatet ser vi nu där sk "ekonomer" med icke verklighets förankrade matematiska modeller lyckas att skada den reala ekonomin å det grövsta.

Tacka Svenska Riksbanken för det!

Nobelpristagarna behåller äran och pengarna medans hela värdsekonomin drabbas och skattebetalarna världen över förlorar sina jobb och riskerar sin välfärd.

Samtidigt kan man dock notera att om det är någon teoretisk "role model" som Svenska Riksbanken och Finansdepartementet använt sig av i samband med svenska finans avregleringen så är de ekonomiska teorier som 1976 års Nobel Pristagare Milton Fridman utvecklat mycket överensstämmande. Det är även så att om ndet nu skulle varit så att vissa haft intressen av att förändra samhället i en viss rikting så bör man även här och då främst genom undersökande journalisten Naomi Kleins arbete undersöka syfte och mål gällande Fridmans sk "Chock Teori". Mer om detta hittar ni i avlutande länkar i sista länken nederst i detta inlägg.

Hög tid nu att skrota det falska "Nobel" priset. Skall man nödvändigtvis ha ett ekonomipris som betalas av Riksbanken (svenska skattebetalarnas pengar, inte Nobels) så bör man istället kallde det för just Riskbankspriset och inte alls ha några samband med Nobel festiviteterna.

Men frågan är varför svenska skattebetalera skall betala ett sådant pris? I realiteten gavs med Fridmans Nobelpris 1976 i kombination med Nobelpriset 1985 alla de "verktyg" som behövs för att omforma en värld i enlighet med den finanskris vi nu ser i full färd att sätta land efter land i socialt kaos.

Vi svenska skattebetalare har därmed med våpra skattepengar indirekt orsakat allt detta. Vill vi riskera något liknande igen? Om nej så skall Nobelprioset i Ekonomi ut ur Nobelfestligheterna redan till nästa år.

Sedan bör man även beakta det faktum att Milton Fridman ansåg att det monetära systemet måste reformeras och att det var tvåt grundläggande åtgärder som behövdes för att verkligen kunna åstakomma detta. Dokumentär filmaren Bill Still (som bla gjort "Trollkarel från OZ", samt "The Moneymasters") har beskrivit detta och även en interview med Fridman i sitt material.

Ingen verklig och långsiktigt hållbar reform av det monetära systemet är möjlig om inte:

1.Centralbanker tillåts att agera centralbanker så som det var tänkt genom att i egen regi och utan privata intressen skapa egna pengar. I USA måste FED i om detta inkorporeras i den sk Treasury och I Europa skall det sk Maastricht Criteria clausulen avskaffas.
2. Banker skall icke tillåtas att själva skapa pengar genom kredit utan de skall endast kunna låna ut de pengar de har.
http://www.youtube.com/watch?v=mLGnSIel2mI&feature=related

Brilliant Nobel Prize winners in Economics blame credit bubble on "the news"
http://www.generationaldynamics.com/cgi-bin/D.PL?xct=gd.e080427b

"I samband med Riksbankens 300 årsjubileum 1968 instiftades ett pris. Priset fick namnet Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, men kallats idag för Nobel priset i ekonomi."

"I Alfred Nobels testamente står det att Nobelpriset skall delas ut varje år i följande ämnen: fysik, kemi, fysiologi, medicin, litteratur och fred. Ekonomi står det ingenting om."

"Priset delas ut på samma gala som dom andra och den innehåller samma prissumma. Enda skillnaden är att det är Riksbanken inte Nobelstiftelsen som betalar ut prissumman."

http://www.riksbanker.se/nobelpriset_i_ekonomi.php

Feldt, Åsbrink and Dennis - “The Committee to Save Sweden”.
http://intheendwerealldebt.blogspot.com/2012/02/feldt-asbrink-and-dennis-committee-to.html

Feldt, Åsbrink and Dennis - “The Committee to Save Sweden”.

2012-02-16T09:33:00.007+01:00

Dokument Inifrån - Novemberrevolutionen
Den här filmen handlar om Sveriges okända statskupp. Den genomfördes den 21 november 1985 av en liten grupp sammansvurna och förändrade i grunden den ekonomiska politiken i Sverige.
http://www.youtube.com/watch?v=Z95xH9Svq3k

Feldt, Åsbrink, Dennis och en grupp tjänstemän, däribland Anders Sahlén, bestämde att kreditmarknaden skulle avregleras. Kruxet var att göra det utan att någon la sig i. Därför hölls beslutet utanför riksdagen och all form av
offentlighet.Vissa debattörer har påstått att det inte skedde i sekretess men Kjell-Olof Feldt sa ju rakt ut i en intervju 2004 i Dan Josefssons dokumentär "Novemberrevolutionen" att frågan hölls inom en liten hemlighetsfull krets inom finansdepartementet. Han kunde däremot inte svara på varför.
http://www.sourze.se/Den_svenska_statskuppen_%232_10672540.asp

Ser du några paralleller....

“The Committee to Save the World”.
http://intheendwerealldebt.blogspot.com/2012/02/committee-to-save-world.html

The Warning
http://www.pbs.org/wgbh/pages/frontline/warning/

Erik Åsbrink joins Goldman Sachs as International Advisor
http://www.cisionwire.com/goldman-sachs/r/erik-asbrink-joins-goldman-sachs-as-international-advisor,c9147030

The Goldman Sachs Network Now Controlling Europe
http://www.youtube.com/watch?v=cpNlnpn0Jvk&feature=player_embedded

Naomi Klein: Disaster Capitalism
http://www.youtube.com/watch?v=JG9CM_J00bw&feature=related

The Shock Doctrine
The book traces its origins back fifty years, to the University of Chicago under Milton Friedman, which produced many of the leading neo-conservative and neo-liberal thinkers whose influence is still profound in Washington today.
http://www.naomiklein.org/shock-doctrine

The euro convergence criteria (also known as the Maastricht criteria)

2012-02-16T06:59:00.017+01:00

Remember if Greece from now on should not be able to pay then the IMF unconditionally according to the agreement signed by the Greek parliament are allowed to confiscate ALL of Greece assets. Greece today have no national sovereignty of either of its assets nor its human beings, its population.

In addition they are NOT allowed to according the same agreement to take any other loans anywhere else but via IMF.

Hotspots: Greece (1/2)
Listen at 03:07
http://www.youtube.com/watch?v=bISfaVkszo0&feature=player_embedded#at=103

Hotspots: Greece (2/2)
Listen e.g at 04:30, and at 06:17
http://www.youtube.com/watch?v=LnsWEXqhd7M&feature=player_embedded

Then you need to understand there is a way:

Listen here to what proffessor Hudson says at 06:30 about real choises and also at 09:30 about the Maastricht criteria and the ability of Central Banks to act as Central banks
http://www.youtube.com/watch?v=8HWPxQV9FFg

The euro convergence criteria (also known as the Maastricht criteria)
http://en.wikipedia.org/wiki/Euro_convergence_criteria

One can but wander what former Swedish Social Democratic Finance minister and member of the board of the Swedish central bank Erik Åsbrink now is instigating against Sweden and its wellfare state (what is left of it) as he now has joined the ranks of Goldman Sachs given what now has surfaced they (Goldman) so thoroughely managed to pull through against Greece..? What kind of advice is he now as an advisor and given his indeed very deep insight of the Swedish economy providing Goldman with?

Erik Åsbrink joins Goldman Sachs as International Advisor
http://www.cisionwire.com/goldman-sachs/r/erik-asbrink-joins-goldman-sachs-as-international-advisor,c9147030

The Goldman Sachs Network Now Controlling Europe
http://www.youtube.com/watch?v=cpNlnpn0Jvk&feature=player_embedded

By the way Erik Åsbrink is married to a former Communist and now active representative of the Social Democratic party, Ylva Johansson. She is stated to belog to the left wing falang of the social democrats. And as it happens she was one of the most active and certainly one of loudest critics of the just resigned head of the Social Democratic party Mr Juholt.

One can but wander how these people manage to sleep at night..?

Slödder

2012-02-16T06:43:00.007+01:00

De fyra svenska storbankerna gjorde en sammanlagd vinst på 59 miljarder kronor i fjol och kritiseras av finansminister Anders Borg för bristande samhällsansvar.

”Den här debatten känns jättekonstig”, säger Anders Sundström, vd för Folksam som är största ägare i Swedbank, till Dagens industri.

Häromdagen sa Anders Borg att bankernas vinster är provocerande höga och förklaringen är räntenettot, att skillnaden mellan in- och utlåningsräntan har stigit.

På bankerna är missnöjet stort.

”Bankerna levererar inte högre avkastning är snittet för de stora företagen”, säger Anders Sundström till Dagens industri, och avslutar:

”Jag önskar att regeringen inte bara skällde på bankerna utan ägnade tiden åt vad man från politiskt håll kan göra för att den finansiella sektorn ska växa.”

Di.se

Och det är alltså den här sektorn och dessa aktörer som Folksams VD förre socialdemokratiske ministern och riksdagsledarmoten Anders Sundström nu vill skall få ännu mer inflytande:

The Ring of Fire
http://intheendwerealldebt.blogspot.com/2012/02/ring-of-fire.html

Och här har vi en annan Socialdemokrat som öppen visar vems intressen han egentligen verkar för.

The Goldman Sachs Network Now Controlling Europe

http://intheendwerealldebt.blogspot.com/2011/11/goldman-sachs-network-now-controlling.html

A&G's AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer Allianz Outlook To Negative

2012-02-16T05:26:00.007+01:00

For a while now we have said that the very weakest link in Europe is not the banks, not the ECB, not triggered CDS, and not even the shadow banking system (well, infinitely rehypothecated Greek bonds within a daisychain of broker-dealers, which ultimately ends up at the ECB at a negligible repo discount, that could well be the weakest link - we will have more to say about this over the weekend) but two very specific insurers: Italy's mega insurer Assecurazioni Generali, which at last check had more Greek bonds as a % of TSF than anyone else, and Europe's biggest insurer and Pimco parent, Allianz, which is filled to the gills with pretty much everything (for more on Generali, or as we like to call it by its CDS ticker ASSGEN read here, here, here, and here).

Well, Moody's just gave them, and the entire European space, the evil eye, and soon the layering of margin calls upon margin calls, especially if and when Greece defaults and a third of ASSGEN's balance sheet is found to be insolvent, will make anyone who still is long CDS those two names rich. Assuming of course the Fed steps in and bails out the counterparty the CDS was purchased from.

Here is the only chart one needs to know why ASSGEN will likely not be writing life insurance on itself (source):
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/ASSGEN%20GRK.jpg

Don't worry though, those who don't understand jack shit will tell you it is all contained. But please ask them why - and ask them why Lehman wasn't when everyone said it too was.
http://www.zerohedge.com/news/ags-aig-moment-approaching-moodys-downgrades-generali-cuts-megainsurer-allianz-outlook-negative

In other words, it would take just a 4% impairment on the value of the held bonds for the tangible common to be wiped out. Or, looked at another way, assuming 28% of the FI portfolio is in Italy, if the €73 billion in implied Italian bond holdings were to decline by 14%, all else equal, the same end result would be achieved. This is precisely what the market is starting to realize.

Keep in mind ASSGEN is only one tens if not hundreds of comparable insurance companies, the bulk of whose assets are invested in sovereign debt, and confirming just why even the smallest dip in Euro bond price levels will set off a contagion across Europe that will make the Lehman bankruptcy like a walk in the park, and why very soon Europe will have to reach out and rescue not just banks, but insurance companies, then reinsurance, then all feeder companies, and so on, until all of Europe has to be backstopped by the ECB, and thus the Fed.
http://www.zerohedge.com/article/next-shoe-drop-european-insurance-companies-assicurazioni-generali-cds-explodes

Farage: Globalist Troika Driving Greece Towards Violent Revolution

2012-02-15T17:37:00.000+01:00

http://www.youtube.com/watch?v=W8Ayb8P1LbU&feature=player_embedded