Costick67 may be a prophet, part 10

Back in ought-nine (2009, in old-speak), I mentioned that the only reason
that the governments covered the banks was that they wanted to keep the people down.

I said, FREE HOUSES FOR EVERYBODY! A bankrupt bank can't ask you to pay your mortgage.
And the tens of millions of cases would mean people would have had 5 or 6 years, rent free in their homes. Or, if the political and economic system were to collapse, people would just
get a slew of guns and defend their home from any invaders, including the government, and
especially bank lawyers.

However! I had no idea that the casino banks were so busy tranching off bits of mortgages that they did away with the most important stuff, the paperwork.

When you've cut a mortgage into 10 000 pieces,
paperwork is a hindrance to the pace of work.
Where, in boring times, the bank and you would sign
legal documents and agree to do business, now
it's all 'peace, love, dope' at the banks. e.g. 'we trust JP Morgan'

Now, first of all, nobody knows where those
10 000 pieces for each home are,
let alone, who owns them.

The news is as obvious as the nose on your face
in the US. Why? it's now on "60 minutes" [see video]

NOW, HERE'S THE CUNNING PART!
while we know that MERS (google it, youtube too)
means the house goes to the resident, FREE,

NONE OF THE "EXPERTS" IN THIS VIDEO
BELOW WILL TELL YOU
"THE HOUSES BELONG TO THE RESIDENTS"
BECAUSE, IF THEY DID, MILLIONS OF AMERICANS
WOULD GRAB
A LAWYER OR TWO, (and maybe some guns)
AND PROMISE THE SHILL 20 GRAND (on loan, of course*)
IF THEY GET THEM THEIR HOUSE FREE AND CLEAR.

IN OTHER WORDS, IT WOULD BE A REVOLUTION
OF SORTS
WITHOUT A SHOT BEING FIRED (well, maybe a couple).
'BANK' WOULD BECOME
'BANKRUPTED'.
PEOPLE WOULD STOP WORKING, by choice.

the moral of the story is: check your history of Germany,
circa 1920s. Weimar Republic. hyper-inflation.
2 trillion for a loaf of bread.
What happened there is
those most in debt were the big winners!
Their debts were essentially erased! Look it up.

I'll even be willing to bet that this fake crisis, with the zero percentage interest for
casino banks, is a way for the governments to help fill the derivative black hole, with public money, to cover those f^&*cked up loans.
Meanwhile, governments are also using this time to help the banks commit fraud by helping them forge documents and trying to make them stick in court, when the truth is, nobody knows who owns "Home X".

the banks double their money, and families are out on the street.
that's the way the government wants it, I think.
Any government. Hey, maybe a sociopath could whip
these dejected people up into a national socialist mood, with marches
and speeches and stuff... AhhaahaAHAHAHAHAhaahHhhaaaaa - xD

more later

* the fine print

Remember, son, when the Turks or the IMF come to town...

Make no mistake, the IMF is that kind of an empire. They will strangle your economy,
until you stand up and revolt. If Argentina is a good example, you won't even need weapons.

Just guts!

For the time being, Greece, after one year of austerity, is in the

FULL FLIGHT MODE.

They're running for the hills and leaving everything in the big city behind,
like it's Sodom and Gammorah.

They'll live to fight another day.

[sorry for the advert]

You hear the voice of Dominique Strauss Kahn bellowing:
"The reality is that these people, they are in deep shit," [see the story below]
What he doesn't say is that the IMF, the ECB and the banks are in deeper shit.
[More on that later- people are starting to fight back, with lawyers!]
That's why the oligarchs have all ganged up on the already poor citizens of

Greece and Ireland and Portugal

So, for now, it's time for the Greeks to run to the hills and dust off the old family homestead. They can have a garden, raise animals, go fishing. Barter. Play banjoes, sing and dance.

You know, Iron Age stuff.

a happier time, when there wasn't even money,
let alone bankers.

-Costick67 ~(8^P

checkitout:
Greek crisis forces thousands of Athenians into rural migration
Debt, unemployment and poverty is causing mass unrest and thousands to seek a cheaper lifestyle outside the capital
o Helena Smith in Andritsaina, Arcadia
o guardian.co.uk, Friday 13 May 2011 18.48 BST

High in the hills of Arcadia, in a big stone house on the edge of this village overlooking verdant pastures and a valley beyond, a group of young Athenians are busy rebuilding their lives.

Until recently Andritsaina was not much of a prospect for urban Greeks. "But that," said Yiannis Dikiakos, "was before Athens turned into the explosive cauldron that it has become. We woke up one day and thought we've had enough. We want to live the real Greece and we want to live it somewhere else."

Piling his possessions into a Land Rover and trailer, the businessman made the 170-mile journey to Andritsaina last month. As he drove past villages full of derelict buildings and empty homes, along roads that wound their way around rivers and ravines, he did not look back.

"Athens has failed its young people. It has nothing to offer them any more. Our politicians are idiots … they have disappointed us greatly," said Dikiakos, who will soon be joined by 10 friends who have also decided to escape the capital.

They are part of an internal migration, thousands of Greeks seeking solace in rural areas as the debt-stricken country grapples with its gravest economic crisis since the second world war.

"It's a big decision but people are making it," said Giorgos Galos, a teacher in Proti Serron on the great plains of Macedonia, in northern Greece. "We've had two couples come here and I know lots in Thessaloniki [Greece's second biggest city] who want to go back to their villages. The crisis is eating away at them and they're finding it hard to cope. If they had just a little bit of support, a little bit of official encouragement, the stream would turn into a wave because everything is just so much cheaper here."

The trickle into Proti Serron might have gone unnoticed had the village not also been the birthplace of the late Konstantinos Karamanlis who oversaw the nation's entry into the then European Economic Community in 1981. An alabaster white statue of the statesman in the village square is adorned with the words: "I believe that Greece can change shape and its people their fate."

Nearly sixty years after they were uttered, a growing number of Greeks, at least, are beginning to wonder whether the old man was right. The drift towards the bright lights of the big cities were by Karamanlis' own admission one of the great barometers of the country's transition from a primarily agricultural society into an advanced western economy. This week, as the IMF and EU debated ways of trying to re-rescue Greece and observers openly wondered whether the country would have to leave the euro, Greece appeared more adrift than ever, tossed on a high sea of mounting anger and civil disobedience from people who have lost trust in their politicians, and at the mercy of markets that refuse to believe it can pull itself back from the brink of bankruptcy. "The reality is that these people, they are in deep shit," the managing director of the IMF, Dominique Strauss-Kahn said recently. "If we had not come they would have fallen into the abyss. Two weeks later the government would not have been able to pay civil servants' wages."

Ironically, it is the medicine doled out under last year's draconian EU-IMF €110bn (£96bn) rescue programme, implemented to modernise a sclerotic economy, that has made their lot worse. Twelve months of sweeping public sector pay and pension cuts, massive job losses, tax increases and galloping inflation have begun to have a brutal effect. GDP is predicted to contract by 3% this year – making Greece's the deepest recession in Europe.

In Athens, home to almost half of Greece's 11 million-strong population, the signs of austerity – and poverty – are everywhere: in the homeless and hungry who forage through municipal rubbish bins late at night; in the cash-strapped pensioners who pick up rejects at the street markets that sell fruit and vegetables; in the shops now boarded and closed and in the thousands of ordinary Greeks who can no longer afford to take family outings or regularly eat meat.
"We've had to give up tavernas, give up buying new clothes and give up eating meat more than once a week," said Vasso Vitalis, a mother-of-two who struggles with her civil servant husband to make ends meet on a joint monthly income of €2,000.
"With all the cuts we estimate we've lost around €450 a month. We're down to the last cent and, still, we're lucky. We've both got jobs. I know people who are unemployed and are going hungry. They ask family and friends for food," she sighed. "What makes us mad is that everybody knew the state was a mess but none of our politicians had the guts to mend it. It was like a ship heading for the rocks and now the rocks are very near."
....
With unemployment officially nudging 790,000 – although believed to be far bigger with the closure of some 150,000 small and medium-sized businesses over the past year – there are fears that Greece, the country at the centre of Europe's worst financial debacle in decades, is slipping inexorably into political and social crisis, too. Rising racist tensions and lawlessness on the streets this week spurred the softly spoken mayor of Athens, Giorgos Kaminis, to describe the city as "beginning to resemble Beirut".[I'd say Kabul- Costick67]
Yannis Caloghirou, an economics professor at the National Technical University of Athens, said: "Greece has become a battleground, at the EU level where policymakers have made the crisis worse with their lack of strategy and piecemeal approach, and among its own people who no longer have trust in institutions and the ability of the political system to solve the situation. My concern is that the country is slipping into ungovernability, that ultra-right groups and others will grab the moment."
A mass exodus of the nation's brightest and best has added to fears that in addition to failing one or perhaps two generations, near-bankrupt Greece stands as never before to lose its intellectual class. "Nobody is speaking openly about this but the prospects for the Greek economy are going to get much worse as the brain drain accelerates and the country loses its best minds," said Professor Lois Lambrianidis, who teaches regional economics at the University of Macedonia.
"Around 135,000, or 9% of tertiary-educated Greeks, were living abroad and that was before the crisis began. They simply cannot find jobs in a service-oriented economy that depends on low-paid cheap labour.".....end

free markets? you're free to get out

is that what you call globalised banking?
One country sneezes and the whole world gets a cold!

Once, in the early modern age, humans who spent their days committing
fraud with little bits of paper would witness their company failing, and
the door of the jail shutting after they've gone inside.
That was the 1929 stock market crash and Decade from Hell, which followed.
[BTW that's why nobody was annoyed about going to war in 1939]

Now, we're so good at avoiding pain,
banks cannot fail, no matter how hard they try.
the governments won't let them fail.
[as God, and Adam Smith, intended]

Okay, so now we'll see countries failing, instead.
They'll declare insolvency, or give the banks a haircut.
or they'll just lose power to the mob, ala Argentina. same difference.

Since Germany is the home of
Europe's Sachs of Sh*t banks, like
Deutschebank/Douche-bank, the government has
decided to collude with the ECB
and is playing 'Cat & Mouse' with
small European countries.
What they really don't want to play is 'DOMINOES'.

witness this display in central Berlin:
[Berliners can pay one Euro and play the "kick the poor people" dominoes game, like their media is doing]
But, the game will come back and kick them on their
fat, racist, German arses!

Anyway, they can set off the chain reaction, and watch how the whole
set comes crashing down. They'd probably get EU education funding.

When just one country decides
"that's it. We're about to be beheaded", then
defaults, and liberates its people,
it would set off a chain reaction that would also knock off Germany.
That's why the ECB and Germany are dragging Greece, Ireland and Portugal
through the sh*tpile. To save themselves and their banks.

So, here we go.
If Greece defaults, get ready for
the Reggie Middleton Domino Effect:*
[UPDATE: REGGIE SAYS STYLISH EURO HAIRCUTS GUARANTEED!]

If Greece kicks it off,
it glances off Germany, hits Belgium and Cyprus
then taps Portugal and France.
then Greece disintegrates from internal debt.

As mentioned, Portugal gets a hit that it doesn't need
and while it falls, it hits Belgium and the falling Germany gets it again.

If Ireland starts getting wobbly and leans over.
it will make the UK wobble severely, and knocks Germany still further down.

If this precipitates Spain's fall, Germany is flat on its back (146 billion euros).
Spain crumbles to pieces from internal debt.


This may also cause the disintegration of Italy and Hungary
from high internal debts.
France and Holland will also be sweating.

BTW, I always knew the Japanese were more advanced than us,
but I had no idea how far ahead they were in banking.
They had their crisis 20 years ago, and they
were the first to swallow the bad debts of their banks.
That's where the Western banks got the idea! And Japan is still standing.
So, Wall St. thought they could skim off a few trillion and nobody would notice.

And you thought Wall Street banks were both uniquely cunning and evil.
Sorry, they copied. They oughta say "Arigato, Japan".

* look a few entries below here ("global flows") & find the video where he explains it.

this much truthing may be dangerous to somebody's health

THE GAME HAS JUST CHANGED IN EUROPE.

TIMO SOINI, THE LEADER OF THE TRUE FINNS

WROTE AN OPINION PIECE IN

THE WALL STREET JOURNAL!
UPDATE: According to Zhedge, this editorial was redacted severely. Now after looking for the "real one", I'm guessing I got the real one, after all. WSJ redacted the text after releasing the original. But other sources say that the original tears up the ECB,
which this one does. So, this is it.

the CONTENT?
LET'S JUST SAY, NONE OF THE
ECB, EU, EU COUNTRY LEADERS
IS WEARING A STITCH OF CLOTHING
BEHIND WHICH THEY CAN HIDE.
THE FAT FINN MAN JUST LET IT ALL HANG OUT.

here it is:
"Why I Don't Support Europe's Bailouts
Our political leaders borrow ever more money to pay off the banks, which return the favor by lending ever more money back to our governments.
By TIMO SOINI

When I had the honor of leading the True Finn Party to electoral victory in April, we made a solemn promise to oppose the bailouts of euro-zone member states. Europe is suffering from the economic gangrene of insolvency—both public and private. Unless we amputate that which cannot be saved, we risk poisoning the whole body.

To understand the real nature and purpose of the bailouts, we first have to understand who really benefits from them.

At the risk of being accused of populism, we'll begin with the obvious: It is not the little guy who benefits. He is being milked and lied to in order to keep the insolvent system running. He is paid less and taxed more to provide the money needed to keep this Ponzi scheme going. Meanwhile, a symbiosis has developed between politicians and banks: Our political leaders borrow ever more money to pay off the banks, which return the favor by lending ever more money back to our governments.

In a true market economy, bad choices get penalized. Instead of accepting losses on unsound investments—which would have led to the probable collapse of some banks—it was decided to transfer the losses to taxpayers via loans, guarantees and opaque constructs such as the European Financial Stability Fund.

The money did not go to help indebted economies. It flowed through the European Central Bank and recipient states to the coffers of big banks and investment funds.

Further contrary to the official wisdom, the recipient states did not want such "help," not this way. The natural option for them was to admit insolvency and let failed private lenders, wherever they were based, eat their losses.

That was not to be. Ireland was forced to take the money. The same happened to Portugal.

Why did the Brussels-Frankfurt extortion racket force these countries to accept the money along with "recovery" plans that would inevitably fail? Because they needed to please the tax-guzzling banks, which might otherwise refuse to turn up at the next Spanish, Belgian, Italian or even French bond auction.

Unfortunately for this financial and political cartel, their plan isn't working. Already under this scheme, Greece, Ireland and Portugal are ruined. They will never be able to save and grow fast enough to pay back the debts with which Brussels has saddled them in the name of saving them.[donkeys- Costick67]

Setting up the European Stability Mechanism is no solution. It would institutionalize the system of wealth transfers from private citizens to compromised politicians and failed bankers, creating a huge moral hazard and destroying what remains of Europe's competitive banking landscape.

Fortunately, it is not too late to stop the rot. For the banks, we need honest, serious stress tests. Stop the current politically inspired farce. Instead, have parallel assessments done by regulators and independent groups including stakeholders and academics. Trust, but verify.

Insolvent banks and financial institutions must be shut down, purging insolvency from the system. We must restore the market principle of freedom to fail.

If some banks are recapitalized with taxpayer money, taxpayers should get ownership stakes in return, and the entire board should be kicked out. But before any such taxpayer participation can be contemplated, it is essential to first apply big haircuts to bondholders.

For sovereign debt, the freedom to fail is again key. Significant restructuring is needed for genuine recovery. Yes, markets will punish defaulting states, but they are also quick to forgive. Current plans are destroying the real economies of Europe through elevated taxes and transfers of wealth from ordinary families to the coffers of insolvent states and banks. A restructuring that left a country's debt burden at a manageable level and encouraged a return to growth-oriented policies could lead to a swift return to international debt markets.

This is not just about economics. People feel betrayed. In Ireland, the incoming parties to the new government promised to hold senior bondholders responsible, but under pressure they succumbed, leaving their voters with a sense of disenfranchisement. The elites in Brussels have said that Finland must honor its commitments to its European partners, but Brussels is silent on whether national politicians should honor their commitments to their own voters.

I was raised to know that genocidal war must never again be visited on our continent and I came to understand the values and principles that originally motivated the establishment of what became the European Union. This Europe, this vision, was one that offered the people of Finland and all of Europe the gift of peace founded on democracy, freedom and justice. This is a Europe worth having, so it is with great distress that I see this project being put in jeopardy by a political elite who would sacrifice the interests of Europe's ordinary people in order to protect certain corporate interests.

Mr. Soini is chairman of the True Finn Party in Finland.
http://online.wsj.com/article/SB10001424052748703864204576310851503980120.html
"---end

give them sh*t! That's my boy.

-Costick67 ~(8^P

*usually, WSJ shows a paragraph and then say 'pay up, bitch'. Also thanks to Mish Shedlock for finding this, and to Keiser, of course.

If the US needs a symbol for its casino economy

Last summer, I think, I showed how the media in the US had damaged liberty, by not giving the citizens the truth,
and I had one pic with the Statue of Liberty in a wheelchair,
and another with it being pulled down.
Now, it looks like the US Post Office is getting in on the game.

The US post office uses the Statue of Liberty or pictures of it
for its stamps.

This time though, there was a Freudian slip, perhaps a Faustian one too.
They used the replica of Lady Liberty from a CASINO in LAS VEGAS.

Lady Libation.
Give us your tired, your Poles, sorry, your poles and your strip-teasers.
Casinos R U.S.
[can you see the difference?]

Costick67 ~(8^P
checkitout: 2 things
1
from Wikipedia
"Faust or Faustus (Latin for "auspicious" or "lucky") is the protagonist of a classic German legend. Though a highly successful scholar, he is dissatisfied, and makes a deal with the devil, exchanging his soul for unlimited knowledge and worldly pleasures."
Lady Liberty stamp shows wrong statue
2
(AP) – Apr 15, 2011
WASHINGTON (AP) — The U.S. Post Office has made a huge mistake on a stamp honoring an icon of America, the Statue of Liberty.
It turns out that a first-class mail stamp featuring the Miss Liberty is based on a photo of a replica of the statue at a Las Vegas, Nevada gambling casino.

Postal Service spokesman Roy Betts said 3 billion stamps have been printed, and they will not be pulled from the market. The 44-cent forever stamp has been on sale in coils since December and is to be released in booklet form.

The actual Statue of Liberty has appeared on more than 20 stamps previously, Betts said.

The mistake, first reported by Linn's Stamp News.

In the Post Office's news release in December announcing the stamp, the service said the Statue of Liberty was shown in a close-up photograph of her head and crown.

Linn's, a weekly magazine for stamp collectors, noted that the stamp shows a rectangular patch on the crown of the statue. Such a patch does not appear on the statue in New York Harbor that has welcomed millions of immigrants to their new home.

In addition, the magazine said, the eyes, eyelids and eyebrows on the replica appeared more sharply defined than on the original statue, and the hair was different.

Copyright © 2011 The Associated Press. All rights reserved.

congressman Ryan is the reincarnation of Ayn Rand

anagram: Ryan -- Ayn R.

[the path to prosperity. the galtian path. Don't forget the kool-aid]

I knew it! When Ryan gave his Republican budget plan and then said
he was a fan of Ayn Rand, he was risking being labelled a psycho,
so he must be the reincarnation of the Randy one.

She/he has returned to start a Galtian revolution, and take away all
the self-made US industrialists (all 5 of them), and all the otherr
wankers who think they fit the bill (Greenspan, Ron Paul, Rand Paul, any number of bankers)
Your God is here, so stop doing God's work and go with Ryan, FAR AWAY!

Some ideas?

How about some of the places that businesses have polluted beyond redemption,
because their industrialist streak also has the taint of corruption and
environmental immaturity.
Gulf of Mexico
Bikini Atoll
Fukushima

or heaven, doing God's work
[a galtian rapture]

-Costick67 ~(8^P

checkitout:
from the New Republic
Paul Ryan And Ayn Rand
Jonathan Chait, Senior Editor
* December 28, 2010 | 1:57 pm
Another part of Christopher Beam's piece on libertarianism that caught my interest was this bit about Paul Ryan and his deep affinity for Ayn Rand:

Representative Paul Ryan, also of Wisconsin, requires staffers to read Atlas Shrugged, describes Obama’s economic policies as “something right out of an Ayn Rand novel,” and calls Rand “the reason I got involved in public service.”

Earlier this year I wrote about Ryan and his deep devotion to the philosophy of Rand, particularly her inverted Marxist economic-political worldview:

Ryan would retain some bare-bones subsidies for the poorest, but the overwhelming thrust in every way is to liberate the lucky and successful to enjoy their good fortune without burdening them with any responsibility for the welfare of their fellow citizens. This is the core of Ryan's moral philosophy:

"The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand," Ryan said at a D.C. gathering four years ago honoring the author of "Atlas Shrugged" and "The Fountainhead." ...

At the Rand celebration he spoke at in 2005, Ryan invoked the central theme of Rand's writings when he told his audience that, "Almost every fight we are involved in here on Capitol Hill ... is a fight that usually comes down to one conflict--individualism versus collectivism."

The core of the Randian worldview, as absorbed by the modern GOP, is a belief that the natural market distribution of income is inherently moral, and the central struggle of politics is to free the successful from having the fruits of their superiority redistributed by looters and moochers.

Ross Douthat furiously objected, dismissing Ryan's relationship as him having "said kind words about Ayn Rand," as if he had merely offered pro forma praise at a banquet. I think at this point trying to deny Ryan's attachment to Rand is pretty hard to sustain. He's not requiring his staffers to read Ran because he thinks they need a good love story. And given that it's not just a teenage fascination but the continuing embodiment of his public philosophy, it's worth noting again that Rand is a twisted, hateful thinker.

ALSO BY CHAIT: (from Jonathanturley.org)
"“Ayn Rand, of course, was a kind of politicized L. Ron Hubbard—a novelist-philosopher who inspired a cult of acolytes who deem her the greatest human being who ever lived. The enduring heart of Rand’s totalistic philosophy was Marxism flipped upside down. Rand viewed the capitalists, not the workers, as the producers of all wealth, and the workers, not the capitalists, as useless parasites.”" [well, they certainly have their hands on most of the money and the power, but that only proves corruption- Costick67]

Enslavement via Euro bondage

"that is what you do with a pig: tie him upside down, slit his throat and drain him dry." Robert Pye, Irish bureaucrat

I working on a theory that the Euro, and the whole EU, for that matter,
are just designed to be the plaything of the large Northern-European economies.

It seems likely that, even without the financial crisis, the powers in Europe,

the Euro/ECB and Germany seem to be all too willing to

throw a country or two into the fire.

The former Irish Finance Minister said that he was invited to
a kind of mafia dinner, in Brussels, and then presented with the baseball bat
that would bust his head open if he didn't play ball,

i.e. default, or you're screwed. [see stories below]

There are more than just rumours that Greece's PM, Uncle Pap
went to the IMF, secretly during November/December 2009 (before their bailout)
to sign up his country for enslavement. There's a court case which seeks to
prove that it took a series of illegal actions for people in the Greek government
to push the country into 'receivership.'
But, besides the waxing and waining of small-time generals like them,
the Euro/EU seem to have a policy that in exorably leads small,
peripheral countries into enslavement, crisis, and destitution.

I'll explain briefly:
1
If , as we can see, Germany's money-making exporting policy leads to
it getting 'most favoured nation' status at the ECB, then monetary policy
is designed to help Germany, and maybe a couple of other similar countries,
by chance, e.g. France and Holland.
The small, largely tourist-dominated economies are left with no growth, and
pressure to lower deficits when they haven't the economic strength to do so.
So, they eventually all fail, under this system.
2
It seems that Germany needs a weak Euro to sell more stuff abroad.
The ECB and Germany/France collude to foment rumours of Euro failure, and
when that doesn't work, they start pushing small peripheral Euro countries into default,
just to help those Northern countries.
3
The Common agricultural policy helps the big Northern European farmers and their mechanised, chemicalised, financialised farming methods, to the detriment of people's health.
The EU doesn't care. It closes borders to food trade
from poor parts of the world i.e. Africa,
and does so even though it's illegal under GATT.
In return for Africa's mute response,
(because they know they'll get worse if they don't f^&*8k off)
they get excess European production dumped on their markets,
bankrupting farmers and dealers everywhere.

What's an African with no job or food going to do?
He's gonna hop on a boat in the Mediterranean,
and go to France? Germany?
NO! they're gonna go to Italy, Spain and Greece.

So, agricultural policy brings big protected bucks to Northern farmers
and a social crisis to the southern countries. I exaggerate not.

an invasion

Do you think that Brussels will give money and manpower to stem this tide?
perhaps an EU border patrol?
at least, as a sign of penance?
Not a freaking chance.

they want to change the Shengen agreement
to keep the poor Africans and Asians from
going "up North".
Policeman says: "Ahmed, Jugdish, Mbanawanda!"
"Get back to your homeland, you scumbags!"
"Greece! It's nice.... really! Lots of sun."

So, as with all societies, the weak get trampled. and so,
the small peripheral EU countries
become the slaves of the North,
their countries overrun from above and below.

-Costick67 ~(8^P

checkitout: 2 stories
1 from Directdemocracy.ie
European Central Bank accused of forcing Ireland into a bailout
Monday, 25 April 2011 23:20
rte.ie
Former finance minister Brian Lenihan has accused the European Central Bank of forcing Ireland into a bailout.
Speaking on a BBC Radio 4 Documentary about the Irish bailout, Mr Lenihan said that the governing council of the ECB had appeared to have believed that Ireland 'needed to be nailed down'.
He said he felt that the European Commission had a more relaxed attitude to Ireland.
Mr Lenihan said that the major pressure for the bailout came from the ECB and also said he came under pressure at a meeting on European Finance Ministers on 16 November 2010 to agree to a bailout.....

2
Ireland told: Take EU bailout or trigger crisis

Dublin warned it has 24 hours to make decision as EU emergency talks loom amid fears Irish banks' contagion may spread to other eurozone countries
Comment: Crisis puts Germany in the driving seat
o Share905
* Henry McDonald, Elena Moya and Larry Elliott
* guardian.co.uk, Monday 15 November 2010 17.59 GMT

Brian Lenihan, Ireland's finance minister, will discuss the situation with eurozone finance ministers in Brussels tomorrow.

An increasingly isolated Irish government was coming under mounting pressure tonight to seek an EU or International Monetary Fund bailout within 24 hours amid fears that contagion from its crippled banking sector might spread through the weaker eurozone countries.

Portugal, Spain, the European central bank and opposition parties urged Brian Cowen's coalition government to remove the threat of a second crisis in six months by putting a firewall between Ireland and its 15 partners in the single currency....

The Osama bounce, high school hi-jinks and nutsacks

It's incredible how the investment markets are interlocked and largely controlled.

Just recently we had two or three coincidences that have led to changes in
investments, as I've been studying stuff from

Max Keiser and Zerohedge, and others,

and I want to write this stuff down to see if it makes sense.

If you've been watching MaxKeiser.com, you know that precious metals
are something that people invest in when they have less faith in paper money.
Also, JP Morgan has, with the US government's permission,
manipulated the price of silver (and gold- leave that for later) for that reason.

To keep the value of money from collapsing.
But, everybody knows about the corrupt oligarchies
and their actions (see previous article- below)
so, there is really little confidence in paper money.

One day, last week, Osama Bin Laden gets 'killed'.
I don't care if he had been frozen in 2001, freeze-dried
or whatever, it's all the same. We'll never know the truth.
[I'm supposed to believe that they're watching it live, like a football game. However, it is true that Obama looked like he was gonna sh*t his pants there.]

As we know, money is a confidence game.
The US dollar was recently at historical lows :

71 Euro cents, I believe,
just before the 'hit'
Zoom goes the dollar, up one cent (that's big).
But likely temporary: a dead cat bounce
or a dead Osama bounce.
[BTW, a complete dollar collapse is envisioned by many
in the next 2 years.
I think the US will do whatever it can, i.e. Apocalypse, to keep that from happening]
Catastrophe avoided, it's back to keeping those oil taps open.
Off to Libya for some decapitation!

But then 3 other things happened that make me scratch my head:

1 Germany seizes the opportunity and starts rumours of Greece defaulting
(that means, Euro falls, dollar goes up, Germany exports more)
That's not so strange. I figured that out in my "sharks" story.

Stupid tricks.

2 the CME, which controls silver markets, changed its rules several times
in the last week, to help the silver speculators like JPM, as opposed to real investors
(I don't know much more than that). See ZHedge or Keiser.
3 some unknown forces colluded & sold tons of silver or silver futures (SLV/FTE)
forcing the price down drastically.
The price was nearing $50 (because the dollar was falling as well), which is over JPM's
stock price.

The back story to this is Keiser's belief that JP Morgan's short bet on silver is that it will
stay below the JPM stock price. That's an investment vehicle?
Like "if it rains on Tuesday, you're a millionnaire". It sounds stupid, but who am I to say?

So, the whole thing shows to me:
1 the markets are manipulated
2 the US government/banksters/Fed will try any high school head-fake trick

assassination, manipulation, money laundering

to keep the dollar from collapsing
3 that Max Keiser and his friends were getting ahead of themselves in shouting
'Silver is going to the moon', because the price jumped 84% last year and was up
50% this year. That's too hot. It's illogical, if folks aren't 'running wild in the streets'.

Yes, there is a long-term bull market
Yes, there is a lot of fear about the US dollar
Yes, there is a lot of illegal bankster activity which will lead to a crash,
but not tomorrow.

There was probably lots of speculative money in the price of silver,
from different monied guys (even JPM) who saw a chance
to pump up the price and then dump/jump out, all at once. Ka-ching!
Keiser and Zerohedge saw nefarious collusion action,
which is true, but it could also be just

some Ka-ching action.

[CORRECTION: It seems that the CME are a monopolistic group (see Harvey's)
using insider-trading to aid their own silver speculation, and so their rule changes
are largely responsible for the drop in price. It was
done for the CME's own insider purposes and probably for their buddies JPM, too.
As Jesse's Cafe said, just before this, the CME was facing implosion. Messy business.]

MK & ZH did a good job of explaining why such limited
actions in ONE and only one market,
can only be manipulation.
[although oil is falling precipitously- there's something going on there,too]

4 silver prices will recover, soon. it's now around $35 (the price from two weeks ago).

That's hardly a knock back into the Dark Ages.
but, was confidence in silver nirvana truly shaken?
If so, the US wins that battle.

5 Anticipation: what's the next trick the US will pull to save its bacon?
I've already said they would go for a war, with China
or Iran (Iran may happen soon).
Since then , though, they've essentially invaded Libya.
The usual market manipulation (called Devouring Countries) has not worked.
Their bankers have been fed Ireland and Portugal recently,
and that didn't help the dollar.

6 the US public loves this

revenge/Marine/assassination/video game sh*t.
They now want Obama for 4 more years.

Obama bounce! Winning! Du-uh

By the way, for a large part of the US, the big joke is going to be:
a guy says-
"I was really happy when I heard that Osama was killed, but then I realised,
Obama is the president."* [works better with a hick accent]
That would make Eddie Murphy a kind of prophet, or just a realist.
And indeed lots of American's are THAT racist.


Look how much they've enjoyed 10 years of chasing and then killing
ONE brown guy (bin Laden). That's their foreign policy: kill brown folks.
(especially if they're squatting on America's oil)
Iraq, Afghanistan, Libya, Cuba, even New Orleans
(adopt a hick accent and say: 'might as well be foreign. no whites around.')

If you doubt this, look how they embarrassed Obama into showing his
birth certificate. Donald Trump, as a public figure, should know enough
not to ask for Obama's college degree too, but he won't stop.
Even a lot of plantation-mint julip drinking- whitey
whiter-than-a ghost news anchors are saying:

"he waited a long time."
"That created a lot of doubt & confusion"
"people might think it's fake"

[best said with a honky-nose accent]
"some say, if you got nothing to hide..." [in a Bill O'Reilly accent]

It's really bad. To some, he's the leader of THE empire, to others.....[blank]
It's like when Dave Chapelle said, cops pull over an Afro American driver & say

[at 0:31]
"bend over, spread your cheeks and pull up your nut sack"

Many of those racists are the same ones challenging Obama's legitimacy,
the birthers:



Some of them can't get over the fact that their president isn't named:

John Smith, the Third, Junior or
George Bush, Junior

This explanation by Goldie Taylor is moving and
a real kick in the head
for those who think that racism doesn't exist:


UPDATE: Just wanted to say that Karl Deninger of Market Ticker is a racist birther. He
taunted the President about 20 May. He should check into his own birth; not his certificate,
because he's invariably white, so nobody will check it. He should check the procedure that was used and I think he'll find that he was an ass-breach. Ass!

-Costick67 ~(8^P
* before anybody labels me, that joke is just a play on the fact that their names are similar, and that some hicks need to think hard to remember their president's name.

checkitout: Jesse's Cafe, the DAY BEFORE the CME attack
01 May 2011
Portrait of Desperation
The Comex is facing a default, and the powers that be are very nervous since it involves at least one of the TBTF monstrosities.

That does not mean it is going to happen, but with less than 12,000 contracts of silver left in the dealer category, it remains a distinct possibility unless prices go much higher to free up the inventory held by stronger hands.

Nine out of ten Americans might realize that dwindling supply coupled with growing demand tends to result in higher prices, or rationing and other methods of dampening demand, or all of the above. Well, maybe not that high a percentage of the people would notice, given these days of truthiness in thinking and the power of spin.

Perhaps there is some 'Plan B' to handle this growing scarcity of inventory. The only plans I am aware of from the exchange are forced settlements in cash or SLV.

Shock and awe in the thin Sunday night trade, running the stops of the new futures holders whose options were filled. Even more heavy handed and blatant than usual.

Run it up, and then smack it back down.

Take a letter, Ted...

Oh, and by the way Blythe, skip the histrionics. Stand and Deliver.

From Harvey Organ's Saturday commentary:

"The total open interest on the silver comex fell steeply by 6,132 contracts from 135,763 to 129,712. There is no doubt that the leverage for the longs suffered a bit but so did those shorts that have to pay margin requirements. This created much volatility on the silver price yesterday.

All eyes are on the front delivery month of May were the open interest stands at 2166 contracts or 10.83 million oz. The options that were exercised were given future contracts on Friday night and will be reflected in the numbers on Monday.

I believe that Blythe will be some busy lady this weekend.

The next battleground front month for silver is July and the OI rose from 76,365 to 78,060. We still have a long way off until we hit this trading month. The estimated volume at the silver comex was good at 77,167. The confirmed volume on Thursday, the day before first day notice was 226,267 where we witnessed most of the silver longs rolling to July and September."


Here is some background on Comex Inventory and the Eligible vs. Registered categories.

The much higher margin requirements serve to dampen demand due to speculation. But it also has the effect of making sure that the demand that continues to exist is held by some relatively stronger hands, not as susceptible to margin calls and other price antics.

globalised cash flows are good

@sarc

well, check this flow of consciousness:

I'm building a new, overarching theory of why global flows of cash and credit are not working.
The basis of this is
"what happens when one country is hit with a crisis".
Big up to Reggie Middleton for that
[for audio-visual learners]

the key points:

The gambling, broke banks are borrowing money from broke governments
because governments can print new money. (U.S., U.K.)
That money goes to keep a shackled country from getting a haircut, and being free.
So that bankers can keep making profits and suffer no losses.
If one country declares official insolvency, then they'll all fall.

The long and short of it:

Money can go wherever it wants.

Credit can be printed by governments- money printing

Big cash holders can stash their money in tax-free tax havens.

The system maximises its potential by going wherever the big money is.

Everything, except for sh*t guano, has been spun into a derivative investment:
the big money is in gambling investments that are unregulated:

derivates, CDOs, CDSs, hedges (e.g. on whether country X will default)
The genius of this is that debts were spun into the above assets,
that were fraudulently sold and
fraudulently assessed as AAA by Fitch, Moody's, etc.
Stockbrokers only care that they get fees and bonuses.
And when this crap implodes, it goes nuclear.

If a country suffers a crisis- Japan's tsunami, Greece's IMF bailout,

the system is stretched to its limits

Banks from one country lend to other countries.

With the bank crisis, countries covered the losses of their banks

and asked their taxpayers to pay for it all.

before the crisis, EVERY country was running a deficit and borrowing from banks and
other countries. The only difference now is that

most liquidity disappeared in 2008 (I don't know why yet)
I MEAN, PHYSICALLY, "WHERE DID IT GO?"
My opinion:
the missing liquidity has been hidden in
an alternate universe by the banksters.
I mean, the police have dug up the back yard at HSBC,
and they can't find a thing!

So, now it's more fun and profitable for the
BIG BOYS (US, UK, EU)
to destroy small (TOO SMALL TO LIVE) countries and
enslaving them to the IMF (Greece, Ireland, Portugal)
than sorting out the cause of the problem.
YES, The EU is SACRIFICING SOME of its OWN CHILDREN

All this money trading is maximised.

There's no such thing as deposit insurance in the true sense.
There's no money under the EU's mattress, in Brussels.

All banks are leveraged 30 or 40 times their deposits.
Fractional reserve banking, or FRACKING.
the government (i.e. taxpayers) provides the insurance, unless it's broke.
the Basel agreement didn't help. Banks would ignore it anyway

if a bank or country fails, other countries' taxpayers will pick up the bill
e.g. Euro group of 15, sorry, 14, sorry 13
as you can see, we're playing 'ten little Indians'
And then there were 12.....

so, countries are overly indebted,
and rely on banks that are over-leveraged.
in other words, they're all circle jerks.

[when the sh*t hits the fan-circle jerks cause that]
Seriously, though, I just heard that government lending is
the lending of last resort
when a private credit market has
"done the raisin" and shrivelled.

Get a haircut and a real job

If one country goes for a haircut, say Greece,
it will knock other countries & their banks into insolvency.
(see Reggie Middleton's talk above)

He calls it the DOMINO EFFECT, for obvious reasons

So, haircuts will only happen when there's a bigger danger to avoid.

Many countries and many of the largest 20 world banks are already insolvent

BROKE!
hiding their derivative losses off the balance sheet (naughty!)
LIVING ON LIFE SUPPORT from other banks and countries, like China

So, the only way for the world to continue is for countries to keep printing money.

Money is now just a blip on a screen. Nobody knows how much anybody really
has in his kitty, until the bank/country becomes insolvent.

Greece still doesn't know how much it owes.
Nobody wants to admit that the big scam today
is designed to plug the
$20? trillion black hole
made by illogical derivatives,
in a loony market, because nobody knows how
to pick up the pieces when the derivs ALL go toxic.
So, banks slowly divulge their derivative debts
when they come due, and the government,
i.e. UK and US
QUIETLY give them more free money to plug
that gap. Whether they need that money or not.
Why not just wipe those derivatives off EVERYBODY's books?
Nobody really treats them as assets, anymore.
No bank is every going to say to another bank
"remember that goat-shit derivative you sold me?"
"well, you owe me 5 billion bucks"
Nobody understands these unregulated agreements,
even the guys who sold them.
They just fall to pieces. like something from a fairy tale,
wherein the Witches of Wall street win.
The money? In that alternate universe thing. Paging Doctor Who.

This insistence on treating this

hidden, fake(?) problem as if it were real
causes big banks and their 'protector' governments to work together.
Back-scratch fever. Partners in crime. Fascism
Banks need the "right" environment in which to operate.

These banks, particularly in the UK, US, Germany, Switzerland

are TOO BIG TO FAIL - TBTF

This causes these oligarchies to break laws because these banks

e.g. Goldman Sachs, JP Morgan, HSBC, UBS, HBOS

must not be allowed to fail, because they will

drag down those countries, and others with them.

The EURO, as any currency, depends on confidence. See what happens when

one country, sorry, two, sorry, three countries

keep knocking the confidence in a currency?
These credit problems become trade problems because everybody needs

good trade numbers to keep this charade going.
They can't afford to lose millions of workers, overnight.
The people might wake up.
so, within reason, it is in the interest of a country
i.e. the US & Germany
to 'destroy' their currency value
in order to increase trade.
Hence all the rumours about Greece defaulting.
Greeks panic because they don't realise it's all a game.

The banks are so busy gambling that they have no time

to lend to businesses.
There's no money in it.
When you get a government-guaranteed gambling racket,
why lend to Mrs Smeddley who wants to borrow
£2 000 to buy a used Nissan?
Or to a company that wants to expand its factory?
Why even insure a car or house owner, when
you're swingin' while you're winnin'
on the stockmarket?

That means business is hampered, and employees are fired/sacked.

Nobody dares ask for a raise.

Saving is now stupid, because interest is 1%, and

inflation is somewhere

between 5 and 10%.
Don't believe the official figures

Do your own research
at the supermarket, the fuel pump, your bills.

Savings are necessary for real economies to grow. People have money.
They put some aside for later in a bank.
Banks use the money to support businesses through loans.
This is now slowing down to 0% in many countries, like the UK.
Their savings are an illusion. Most of the money's in the 'casino'.
If everybody asked for their savings today,
the banks would seize up, close their doors and file for bankruptcy tomorrow.

The prols' humble stockmarket investments are largely gone,
despite the stock market bubble this year.
Their state pension deductions were eaten by their governments,
and so they'll get a meagre pension,
as the number amount stays the same,
and loses 5-10% of its value every year. An illusion.
The post-war boom. An illusion.
Those who have already died might have lived well.

For governments to have money, they need taxes,
but rich people don't pay taxes
corporations don't pay.
They offshore their money.
You buy stuff at one of their stores, and
after they pay staff (meagre wages) and expenses
the profits go bye-bye.
Your paycheck money ends up in the Caymans,
and we're left with a government
that can't pay for proper schools or hospitals or pensions.
Welcome to the Banana Republic of the United Kingdom,

and remember,
we're now paying for the bankers' debts,
on top of our own public services.

shrinking economic activity

and yet big profits are exported.
we're screwed!

You see, the rich are bending the laws of physics.
They say "well, I may be here doing business,
and making a killing,
but you can't touch me, taxman" [adopt mafia voice]
"I'm really in Switzerland, and you're just talking
to my dermal avatar"
Philip Green is just one such avatar. All epidermis.
[as Rich Hall once said, "looks like 10 lbs of sh*t in a five-lb bag"]
His company Arcadia "belongs to his wife", she of Monaco (I'd like to see the divorce on that one), so he snuck away with £1.2 billion in corporation profits. The UK is out £250 million in tax.

For governments to care for their country, they need control of
natural resources (oil, energy supply, water, etc.) which have all been given
to big corporations that export their profits.
They need to regulate the financial and other markets and keep
monopolists from profligate profits and law-breaking.

THAT'S NOW HISTORY.
US- SEC, UK- BANK of ENGLAND, FSA, back to BoE.
In Switzerland, bank whistleblowers are hunted and caged by the government.
In Luxemberk and Jersey as well.

A lack of loans and a lack of confidence, and a lack of job growth
means that housing prices (a huge bubble) have deflated.

Most governments are lying about the true level of the problem,
to avoid panicking the people, as is true in the UK.

Indeed the future of our carbon-based economy is reaching a breaking point.
We need lots of money to invest in alternative energy, or in finding
expensive oil reserves, but

THERE'S NO MONEY TO GO AROUND. NO LOANS, NO INSURANCE.
only the OPEC countries have the potential
to find the money to do this, but that won't help
the 'advanced' Western economies
that are consumers of the product.
[now you know why the US is invading oil-rich countries]

So, the global arbitrage man is operating on margins,
and doesn't know how much he owes.
He just knows that the lights on the screen keep going.
So, everything is just fine.

Meanwhile, outside the castle walls of Wall St. people are losing confidence
in everything as their illusion of 'the GOOD LIFE' comes crashing down.

There is no possibility of a happy ending when nobody knows how to unravel
the ill gambling that's been going on. Every western country is involved in
interlocking debt with every other western country.

The tendency is for bank-governments to kill countries & their banks
& then save them with usurious IMF loans,
because they don't know what else to do.
It's the old "you owe me" type of enslavement.
and stockbrokers are salivating at the possibility.

They get FEES for the paperwork.

Their role in this kabuki theatre is that their short-term market decisions

get them FEES & BONUSES,
whether their move makes money
or destroys the whole world.

until

TOO BIG TO FAIL BECOMES
TOO BIG TO SAVE
Nobody knows when the tipping point will come.
but, it's guaranteed to be a tsunami.
Right now, I think there are countries that recognise
that there is nothing, within the laws of physics,
that they can do to save their countries.
Even when money is a blip on a screen.
So, they do what all politicians do; they lie to their people.
I believe that Italy and Spain are being helped behind closed doors
because their 'failure' would be too hard for
the EU to paper-over.

The IMF is given the task to sort out problems
but, the IMF is the group that enslaved most of
Latin America from the 70s onward
you know: "sell off your utilities to rapacious capitalists"
"tax the poor"
"it'll be good for you"-
that's their logic- hair of the dog that big 'em.
Greece is at the beginning stage of this, right now.

so, we'll soon get:
1 a bigger financial crisis than 2008, followed by
2 chaos and anarchy, when a large enough group of citizens
see nothing but debt, cuts hyperinflation & oppression
they'll says "enough is enough"

[WITNESS WHAT OUR FUTURE HOLDS- don't cry for me, Argentina]

[you don't need to know Spanish to see what's happened. The reporter asks
normal, educated people, who are raiding stores and stealing,
and they say something like "I have 3 kids and no work for years"]

store raids, marches, harrassing politicians, occupying parliament

bye-bye Presidente.

We have the example throughout Latin America.
We have the example of the Asian crisis of the 90s.
We watched with bemusement or indifference.
Well, those were training grounds (see Naomi Klein)
for catching some big game fish. Western Countries!
Chills go down my spine.

The WHOLE system we have says, "greed".
This is a Ponzi scheme that needs growth
to pay off its debts. No growth, no pilfering.

it all started long ago, with

companies that benefit from pay arbitrage

and take jobs to China.

When $1 million is not enough profit for shareholders,

so bosses fire workers.

Short-termism is now taken to its limits.

Fees today; screw tomorrow. There is no "tomorrow" (just as the song says)

The illusion of "a BETTER FUTURE THROUGH GREED" is gone.

We'll eventually get a global currency
(so that nobody will know how bad the economy is)

but the World Bank and IMF will apportion money to their friends.
and the worst thing is, it's all an illusion.
It could stop tomorrow.
It's only little pieces of paper and blips on a screen.
Silver and gold are real!

Or, we can go back to the Iron Age
a hovel (no mortgage), a garden, two chickens, some utensils, and no cash.
If we're willing to do that,
then fractional banking is dead.

I'm glad I got that off my chest.

-Costick67 ~(8^P

[for a good starter. It's got Argentina, Milton Friedman, deregulation, etc.]

bankers bring liquidity and growth to the economy

@sarc

Bankers are gods and they don't walk on the ground anymore.
They can do whatever they want, so I wanted to praise them with some
statistics, because they snow us with theirs, trying to show how useful they are.

Indeed, there is a correlation between stockmarkets & poverty.

a 91.3% correlation.
Unfortunately, it's an inverse relationship.
The richer the bankers get, the poorer the rest of the US gets.
Dollar for dollar.

-Costick67 ~(8^P
checkitout:

from Zerohedge-
91.3% Correlation Between Foodstamp Usage And The S&P,
Or How "Wealth Effect" = "Poverty Effect"
Submitted by Tyler Durden on 04/06/2011 15:07 -0400

Or how in kleptocratic America wealth effect poverty effects you.

Presented without commentary.

R=0.913 [the math- Costick67. find it on the pic]
And for all those who somehow passed the Captcha yet wonder why just two years of data: March 2009 is when QE1 aka "Wealth Effect" started.