churchill Posted February 23, 2013 Share Posted February 23, 2013 G20 denials of a currency war starting Link to comment Share on other sites More sharing options...
manarak Posted February 23, 2013 Share Posted February 23, 2013 I have a question related to the Bank of Japan devaluing the Yen. Any comments or opinions on this? what kind of opinions do you expect? that the bank of Japan hasn't done anything (yet) but the Right Honourable Shinzo Abe's talk has had an impact on JP¥ exchange rate. well, they increased money supply, didn't they? Link to comment Share on other sites More sharing options...
manarak Posted February 23, 2013 Share Posted February 23, 2013 G20 denials of a currency war starting a race to the bottom is not a war... it's a friendly competition! Link to comment Share on other sites More sharing options...
Naam Posted February 23, 2013 Share Posted February 23, 2013 I have a question related to the Bank of Japan devaluing the Yen. Any comments or opinions on this? what kind of opinions do you expect? that the bank of Japan hasn't done anything (yet) but the Right Honourable Shinzo Abe's talk has had an impact on JP¥ exchange rate. well, they increased money supply, didn't they? they did not. Link to comment Share on other sites More sharing options...
manarak Posted February 23, 2013 Share Posted February 23, 2013 japanese money supply has been steadily increased over the past years, and again strongly in Jan 2013 (by about 2%): http://www.tradingeconomics.com/japan/money-supply-m2 all the other indicators are also in a very bad trend: http://www.tradingeconomics.com/japan/external-debt http://www.tradingeconomics.com/japan/imports http://www.tradingeconomics.com/japan/balance-of-trade Link to comment Share on other sites More sharing options...
midas Posted February 23, 2013 Share Posted February 23, 2013 G20 denials of a currency war starting [/size] [/size]a race to the bottom is not a war... it's a friendly competition!This reminds me of Basil Fawlty “ don't mention the war!! “ Link to comment Share on other sites More sharing options...
manarak Posted February 23, 2013 Share Posted February 23, 2013 japanese money supply has been steadily increased over the past years, and again strongly in Jan 2013 (by about 2%): http://www.tradingeconomics.com/japan/money-supply-m2 all the other indicators are also in a very bad trend: http://www.tradingeconomics.com/japan/external-debt http://www.tradingeconomics.com/japan/imports http://www.tradingeconomics.com/japan/balance-of-trade this one is really bad too: http://www.tradingeconomics.com/japan/industrial-production that site is really excellent. looking at the industrial production stats of France and Italy is eye-opening (UK too). Spain... Belgium... All countries are being hit very hard at the moment, only Germany and the Netherlands are bigger EU-economies struggling around zero growth of industrial production. I foresee a catastrophic year 2013 for EU economies. Link to comment Share on other sites More sharing options...
Naam Posted February 23, 2013 Share Posted February 23, 2013 japanese money supply has been steadily increased over the past years, and again strongly in Jan 2013 (by about 2%): http://www.tradingeconomics.com/japan/money-supply-m2 all the other indicators are also in a very bad trend: http://www.tradingeconomics.com/japan/external-debt http://www.tradingeconomics.com/japan/imports http://www.tradingeconomics.com/japan/balance-of-trade one has to look at the discussed context! facts: -increase of money supply did not cause a JPY weakening for years. -JPY weakened since and because Abe came to power. period! Link to comment Share on other sites More sharing options...
cheeryble Posted February 24, 2013 Share Posted February 24, 2013 (edited) i don't have a kitchen with an attached lab for testing. so i eat with a good appetite what is put on the table. Leberknodelsuppe? Talking of food on the table.....the Chinese were dumping money at Mit Mai, a Yunnanese restaurant in CM last Friday. It was the first time I have ever seen Chinese tourists in there, and suddenly it was full of them, I mean full. There is definitely a CM thing happening for the Chinks, and blue number plates are appearing. I am told the Chinese are risk takers, so it conceivably,repeat conceivably, could have a big impact on the property market there. Is anywhere else more suitable to become for China what Spain was for Britain and Germany? Edited February 24, 2013 by cheeryble Link to comment Share on other sites More sharing options...
Naam Posted February 24, 2013 Share Posted February 24, 2013 (edited) i don't have a kitchen with an attached lab for testing. so i eat with a good appetite what is put on the table. Leberknodelsuppe? unfortunately our cuisine répertoire does not contain Leberknödelsuppe and my various attempts to find tasty Leberknödel in Pattaya's German or Austrian restaurants failed Edited February 24, 2013 by Naam Link to comment Share on other sites More sharing options...
yoshiwara Posted February 24, 2013 Share Posted February 24, 2013 i don't have a kitchen with an attached lab for testing. so i eat with a good appetite what is put on the table.Is anywhere else more suitable to become for China what Spain was for Britain and Germany?Do you mean somewhere where the girls might call out 美男子 ? Link to comment Share on other sites More sharing options...
cheeryble Posted February 24, 2013 Share Posted February 24, 2013 (edited) Wow I hadn't even thought about girls......Chinese men seem so.....err....asexual. But looking at the population I guess they must do it too......hope pooying don't go up on the commodity index.......(no I didn't say anything about the spread getting wider ) Edited February 24, 2013 by cheeryble Link to comment Share on other sites More sharing options...
midas Posted February 24, 2013 Share Posted February 24, 2013 What a remarkable contrast. In the West we reward the banksters after they commit fraud with bonuses. In Iran they simply sentence them to death. https://www.youtube.com/watch?v=t5lJUTAlkoM&feature=player_embedded#! Link to comment Share on other sites More sharing options...
churchill Posted February 24, 2013 Share Posted February 24, 2013 What a remarkable contrast. In the West we reward the banksters after they commit fraud with bonuses. In Iran they simply sentence them to death. https://www.youtube.com/watch?v=t5lJUTAlkoM&feature=player_embedded#! The Iranians have been around a few years longer than the americans and could teach a few lessons Link to comment Share on other sites More sharing options...
midas Posted February 24, 2013 Share Posted February 24, 2013 (edited) What a remarkable contrast. In the West we reward the banksters after they commit fraud with bonuses. In Iran they simply sentence them to death. https://www.youtube.com/watch?v=t5lJUTAlkoM&feature=player_embedded#! The Iranians have been around a few years longer than the americans and could teach a few lessons Hear hear ! Edited February 24, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted February 24, 2013 Share Posted February 24, 2013 i don't have a kitchen with an attached lab for testing. so i eat with a good appetite what is put on the table.Is anywhere else more suitable to become for China what Spain was for Britain and Germany?Do you mean somewhere where the girls might call out 美男子 ? in Thailand they call me 美 俊 Link to comment Share on other sites More sharing options...
churchill Posted February 24, 2013 Share Posted February 24, 2013 i don't have a kitchen with an attached lab for testing. so i eat with a good appetite what is put on the table.Is anywhere else more suitable to become for China what Spain was for Britain and Germany?Do you mean somewhere where the girls might call out 美男子 ? in Thailand they call me 美 俊 What's that ----- ? but 異 anyway Link to comment Share on other sites More sharing options...
yoshiwara Posted February 25, 2013 Share Posted February 25, 2013 What a remarkable contrast. In the West we reward the banksters after they commit fraud with bonuses. In Iran they simply sentence them to death. https://www.youtube.com/watch?v=t5lJUTAlkoM&feature=player_embedded#! The Iranians have been around a few years longer than the americans and could teach a few lessons Are you thinking of blowing yourself up? Link to comment Share on other sites More sharing options...
Wrong Turn Posted February 25, 2013 Share Posted February 25, 2013 Churchill's vid posting is spot on (and I think most posters that have been following this thread since *cough* late 2008) are knowledeable enough to know that: We are indeed, in a race to the bottom. In more ways than one. Japan, US, and other nations..... Link to comment Share on other sites More sharing options...
waza Posted February 26, 2013 Share Posted February 26, 2013 Churchill's vid posting is spot on (and I think most posters that have been following this thread since *cough* late 2008) are knowledeable enough to know that: We are indeed, in a race to the bottom. In more ways than one. Japan, US, and other nations..... Are we there yet? Link to comment Share on other sites More sharing options...
midas Posted February 26, 2013 Share Posted February 26, 2013 Churchill's vid posting is spot on (and I think most posters that have been following this thread since *cough* late 2008) are knowledeable enough to know that: We are indeed, in a race to the bottom. In more ways than one. Japan, US, and other nations..... Are we there yet?" Are we there yet? " As The Carpenters used to sing “ we've only just begun “ Link to comment Share on other sites More sharing options...
Naam Posted February 26, 2013 Share Posted February 26, 2013 Churchill's vid posting is spot on (and I think most posters that have been following this thread since *cough* late 2008) are knowledeable enough to know that: We are indeed, in a race to the bottom. In more ways than one. Japan, US, and other nations..... i'd be very happy should my portfolio show another 4½ years "race to the bottom" as it did since 2008 in more than three decades i never experienced such a long continous winning streak. needless to say that apart from some purchase of physical gold all the gains are just worthless fiat money. Link to comment Share on other sites More sharing options...
midas Posted February 26, 2013 Share Posted February 26, 2013 (edited) banks should be run in a businesslike way - no argument. But in these 10 examples of extremely bad behavior by the banksters this is not about being businesslike - it is about basic human INDECENCY ! the mind boggles. These cretins received all that bailout money from the public purse and then they turn round and treat people like this " Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a “deed in lieu of foreclosure.” “On Christmas Eve, the bank called and told me a sheriff’s sale was coming and I had to move out right away,” she said. “So that’s what I did — seven days after New Year’s.” She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house. These unpaid taxes that she didn’t even know about have absolutely destroyed Nathan’s finances…" http://endoftheamericandream.com/archives/the-banks-show-no-mercy-10-foreclosure-horror-stories-that-will-blow-your-mind Edited February 26, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted February 26, 2013 Share Posted February 26, 2013 banks should be run in a businesslike way - no argument. But in these 10 examples of extremely bad behavior by the banksters this is not about being businesslike - it is about basic human INDECENCY ! the mind boggles. These cretins received all that bailout money from the public purse and then they turn round and treat people like this " Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a “deed in lieu of foreclosure.” “On Christmas Eve, the bank called and told me a sheriff’s sale was coming and I had to move out right away,” she said. “So that’s what I did — seven days after New Year’s.” She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house. These unpaid taxes that she didn’t even know about have absolutely destroyed Nathan’s finances…" http://endoftheamericandream.com/archives/the-banks-show-no-mercy-10-foreclosure-horror-stories-that-will-blow-your-mind let's be fair. a bank is, we all know that , is not a welfare institution. it has a certain responsibility towards its shareholders. like any commercial enterprise it is supposed to achieve profits, a part of which are used to compensate those who injecting their capital and expect a return. therefore the question "why should the bank incure additional losses by paying property tax?" Link to comment Share on other sites More sharing options...
mccw Posted February 26, 2013 Share Posted February 26, 2013 Churchill's vid posting is spot on (and I think most posters that have been following this thread since *cough* late 2008) are knowledeable enough to know that: We are indeed, in a race to the bottom. In more ways than one. Japan, US, and other nations..... Are we there yet? No. We''re just getting going I think. Link to comment Share on other sites More sharing options...
midas Posted February 26, 2013 Share Posted February 26, 2013 (edited) banks should be run in a businesslike way - no argument. But in these 10 examples of extremely bad behavior by the banksters this is not about being businesslike - it is about basic human INDECENCY ! the mind boggles. These cretins received all that bailout money from the public purse and then they turn round and treat people like this " Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a “deed in lieu of foreclosure.” “On Christmas Eve, the bank called and told me a sheriff’s sale was coming and I had to move out right away,” she said. “So that’s what I did — seven days after New Year’s.” She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house. These unpaid taxes that she didn’t even know about have absolutely destroyed Nathan’s finances…" http://endoftheamericandream.com/archives/the-banks-show-no-mercy-10-foreclosure-horror-stories-that-will-blow-your-mind let's be fair. a bank is, we all know that , is not a welfare institution. it has a certain responsibility towards its shareholders. like any commercial enterprise it is supposed to achieve profits, a part of which are used to compensate those who injecting their capital and expect a return. therefore the question "why should the bank incure additional losses by paying property tax?" That's why I began with my first sentence. There is a fundamental difference between being businesslike and treating people with courtesy and decency (particularly at Christmas) compared to this treatment. They could have charged her rent to occupy the premises until they knew they had a sale? What would it have cost the bank to allow that on to stay in their home until they positively knew they had a sale? It's incredibly shabby treatment. and the other 9 examples Edited February 26, 2013 by midas Link to comment Share on other sites More sharing options...
yoshiwara Posted February 26, 2013 Share Posted February 26, 2013 banks should be run in a businesslike way - no argument. But in these 10 examples of extremely bad behavior by the banksters this is not about being businesslike - it is about basic human INDECENCY ! the mind boggles. These cretins received all that bailout money from the public purse and then they turn round and treat people like this " Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a “deed in lieu of foreclosure.” “On Christmas Eve, the bank called and told me a sheriff’s sale was coming and I had to move out right away,” she said. “So that’s what I did — seven days after New Year’s.” She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house. These unpaid taxes that she didn’t even know about have absolutely destroyed Nathan’s finances…" http://endoftheamericandream.com/archives/the-banks-show-no-mercy-10-foreclosure-horror-stories-that-will-blow-your-mind let's be fair. a bank is, we all know that , is not a welfare institution. it has a certain responsibility towards its shareholders. like any commercial enterprise it is supposed to achieve profits, a part of which are used to compensate those who injecting their capital and expect a return. therefore the question "why should the bank incure additional losses by paying property tax?" That's why I began with my first sentence. There is a fundamental difference between being businesslike and treating people with courtesy and decency (particularly at Christmas) compared to this treatment. They could have charged her rent to occupy the premises until they knew they had a sale? What would it have cost the bank to allow that on to stay in their home until they positively knew they had a sale? It's incredibly shabby treatment. and the other 9 examples The article link is taken from a website pushing gold coins, military surplus and survivalist supplies. In short a part of the loony tunes internet. Link to comment Share on other sites More sharing options...
Lopburi99 Posted February 26, 2013 Share Posted February 26, 2013 (edited) banks should be run in a businesslike way - no argument. But in these 10 examples of extremely bad behavior by the banksters this is not about being businesslike - it is about basic human INDECENCY ! the mind boggles. These cretins received all that bailout money from the public purse and then they turn round and treat people like this " Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a deed in lieu of foreclosure. On Christmas Eve, the bank called and told me a sheriffs sale was coming and I had to move out right away, she said. So thats what I did seven days after New Years. She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house. These unpaid taxes that she didnt even know about have absolutely destroyed Nathans finances" http://endoftheamericandream.com/archives/the-banks-show-no-mercy-10-foreclosure-horror-stories-that-will-blow-your-mind let's be fair. a bank is, we all know that , is not a welfare institution. it has a certain responsibility towards its shareholders. like any commercial enterprise it is supposed to achieve profits, a part of which are used to compensate those who injecting their capital and expect a return. therefore the question "why should the bank incure additional losses by paying property tax?" That's why I began with my first sentence. There is a fundamental difference between being businesslike and treating people with courtesy and decency (particularly at Christmas) compared to this treatment. They could have charged her rent to occupy the premises until they knew they had a sale? What would it have cost the bank to allow that on to stay in their home until they positively knew they had a sale? It's incredibly shabby treatment. and the other 9 examples Personal ethics versus business ethics eventually brought down a successful business startup I had. My partner put all questionable behavior into the "business ethics" justification category. Once he demanded the Detroit Symphony Orchestra board cut a check for $20,000 for him to release their customer files when it appeared they may be switching vendors. He gloated as he came back with the check. I picked up the phone, called my attorney and started the buyout process. His methods eventually drove key customers away and in a few years the business was basically worthless. Edited February 26, 2013 by Lopburi99 Link to comment Share on other sites More sharing options...
Naam Posted February 26, 2013 Share Posted February 26, 2013 banks should be run in a businesslike way - no argument. But in these 10 examples of extremely bad behavior by the banksters this is not about being businesslike - it is about basic human INDECENCY ! the mind boggles. These cretins received all that bailout money from the public purse and then they turn round and treat people like this " Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a “deed in lieu of foreclosure.” “On Christmas Eve, the bank called and told me a sheriff’s sale was coming and I had to move out right away,” she said. “So that’s what I did — seven days after New Year’s.” She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house. These unpaid taxes that she didn’t even know about have absolutely destroyed Nathan’s finances…" http://endoftheamericandream.com/archives/the-banks-show-no-mercy-10-foreclosure-horror-stories-that-will-blow-your-mind let's be fair. a bank is, we all know that , is not a welfare institution. it has a certain responsibility towards its shareholders. like any commercial enterprise it is supposed to achieve profits, a part of which are used to compensate those who injecting their capital and expect a return.therefore the question "why should the bank incure additional losses by paying property tax?" That's why I began with my first sentence. There is a fundamental difference between being businesslike and treating people with courtesy and decency (particularly at Christmas) compared to this treatment. They could have charged her rent to occupy the premises until they knew they had a sale?What would it have cost the bank to allow that on to stay in their home until they positively knew they had a sale? It's incredibly shabby treatment. and the other 9 examples i can't argue with that and agree that you are right. Link to comment Share on other sites More sharing options...
churchill Posted February 26, 2013 Share Posted February 26, 2013 Watch out.........!!!! CASH GRAB: Inactive bank accounts to be seizedRead more: http://www.news.com.au/money/banking/cash-grab-inactive-bank-accounts-to-be-seized/story-e6frfmcr-1226585867131#ixzz2M0DEIZuw Link to comment Share on other sites More sharing options...
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