But why do these wnkers keep coming

they are trying to boost the gold price. but the colonials across the Atlantic are doing a much better job. the wnkers should take lessons from them.

Linda Yueh ‏@lindayueh

Merkel, Barroso to make statements at 7pm in Berlin /6pm London time

Perhaps they will announce a new road map ..

http://www.japantime...20120603a5.html

The yuan and the yen — the currencies of Asia's two biggest economies — started direct trading Friday in Tokyo and Shanghai.

I'm sure it is significant, in one way or the other. But I'm not too sure which way, as they cannot get away from using the USD as the pivot point, otherwise the Goldmann Suchs would surely jump in and arbitrage them back to the USD.

http://www.japantime...20120603a5.html

The yuan and the yen — the currencies of Asia's two biggest economies — started direct trading Friday in Tokyo and Shanghai.

I'm sure it is significant, in one way or the other. But I'm not too sure which way, as they cannot get away from using the USD as the pivot point, otherwise the Goldmann Suchs would surely jump in and arbitrage them back to the USD.

What do you mean pivot point ... Could just as easily be gold /or euros as all currencies are interrelated ..

they are cutting out usd that is all ..

Predator nation could have been called predator world- how a predator elite took over the USA:

http://www.ritholtz.com/blog/2012/06/predator-nation-how-wall-street-crashed-the-economy-got-off-scott-free/?utm_source=dlvr.it&utm_medium=twitter

Predator nation could have been called predator world- how a predator elite took over the USA:

http://www.ritholtz...._medium=twitter

Its aluminium hat time.

http://www.japantime...20120603a5.html

The yuan and the yen — the currencies of Asia's two biggest economies — started direct trading Friday in Tokyo and Shanghai.

I'm sure it is significant, in one way or the other. But I'm not too sure which way, as they cannot get away from using the USD as the pivot point, otherwise the Goldmann Suchs would surely jump in and arbitrage them back to the USD.

What do you mean pivot point ... Could just as easily be gold /or euros as all currencies are interrelated ..

they are cutting out usd that is all ..

for years to come these deals are like pissing in the ocean to raise the pH of seawater. but then... even a ten-thousand mile journey starts with the first step.

G-7 to hold Europe conference call Tuesday: Canada

http://www.marketwatch.com/story/g-7-to-hold-europe-conference-call-tuesday-canada-2012-06-04-11915133?Link=obinsite

German will rescue euro zone: Ackermann

http://www.marketwatch.com/story/germany-will-rescue-euro-zone-ackermann-2012-06-04

Predator nation could have been called predator world- how a predator elite took over the USA:

http://www.ritholtz...._medium=twitter

Its aluminium hat time.

No, it's all true. It really begs the question. Was Nixon really so bad?

Edited June 5, 201214 yr by lannarebirth

Here's another 40 Billion quid down the drain.

http://www.telegraph...red-losses.html

Royal Bank of Scotland (RBS) was in the worst condition, PIRC found, with £18bn of undeclared losses that would wipe out more than a third of its capital buffer and potentially force the 82pc state-owned lender back to the taxpayer for another rescue.

HSBC had ($16bn) £10bn in undeclared losses, Barclays £6.7bn, Standard Chartered $3.6bn (£2.3bn) and Lloyds Banking Group £3.6bn. PIRC presented its numbers to all the banks and said none disputed them.

Profits at Britain's lenders have been flattered by controversial international accounting standards introduced in 2005 that prevent companies from provisioning against potential losses. The rules have been attacked by the House of Lords, among others, as deeply flawed.

PIRC said the rule was "masking the true position [of the accounts] by including fictional assets and fictional profits".

Never bloody stops, just a constant stream of bad debts, write-off's and misleading accounting.

The Schoolboy has emerged with a New Plan to Raise Money.

http://www.independe...ey-7818038.html

Yep, he's going to tap the people and issue some bonds to 'kick start' the economy.

The benefits of investing in infrastructure were twofold, the source said. "Not only will it provide a welcome kick-start to the economy at a time when growth is sluggish, but infrastructure improvement will also help Britain's long-term competitiveness and encourage investment from overseas. In that way it is a win-win situation."

It's funny how losers always come up with win-win's

I keep wondering why they carry on about 'kick-starting' the economy. Even my little Yamaha has a 'starter' button, which only fails when the battery is dead. Maybe something in that observation.

But back to the bond.

So they want to compete with the banks for whatever cash savings the UK population has left, and invest in 'green projects', infrastructure and the like. So who is guaranteeing the bonds? Their surely must be a guarantor? And the answer lies here....

Ministers are also looking at how they can use the strength of the Government to underwrite the risk to small investors. They are considering proposals, similar to those recently announced for housebuilders, for the Government to underwrite a given percentage of any potential losses by the projects. This would mean that the Government took the "first" risk with the schemes – losing its money before any investors.

But hey! Hang on!

Where does the government get its money (assuming of course, that the Elected Representatives are not going to dip into their own pockets)?

Surely, no it can't be, yes it is, its the tax payer.

So the tax payer will be backing his own investment with, er, what exactly?

And I'm not even going to go near "the strength of the government"

Edited June 6, 201214 yr by 12DrinkMore

The bad kebab

http://www.youtube.com/watch?v=D5I5TZwMchA&feature=related

Not normally Krugmann's biggest fan.

"Something impossible has to happen"

Just came across this, which made me smile.

If the Euro was split into the Strong German Euro and the Other Euro for all the rest, what would the Other Euro be called?

The Urine.

A bit of brief political amusement! Seems to be doing the rounds this morning.

http://www.youtube.com/embed/4CYqw4s6XF8?rel=0

The bad kebab

Not normally Krugmann's biggest fan.

"Something impossible has to happen"

http://www.youtube.com/watch?v=VScblwhj9lU

Well, things are getting ugly in Greece.

Here is a video clip from a live TV feed where a male Greek politician physically attacks another female politician during the session.

http://www.youtube.com/watch?v=of24IGfNFCA

You still there guys? I've been looking for your comments on the latest happenings. So much going on.

You still there guys? I've been looking for your comments on the latest happenings. So much going on.

whatever is going on is too muddy to recognise and therefore impossible to comment.

IMF chief Christine Lagarde warns world risks triple crisis

Lagarde says world risks falling incomes, environmental damage and social unrest without more sustainable approach to growth

http://www.guardian.co.uk/business/2012/jun/12/imf-world-risks-triple-crisis-christine-lagarde

IMF chief Christine Lagarde warns world risks triple crisis

Lagarde says world risks falling incomes, environmental damage and social unrest without more sustainable approach to growth

http://www.guardian....ristine-lagarde

Christine Lagarde, the head of the International Monetary Fund, has warned that the world risks a triple crisis of declining incomes, environmental damage and social unrest unless countries adopt a more sustainable approach to economic growth.

Ahead of the Rio+20 Earth summit later this month, she said the rich should restrain their demands for higher incomes while there are still 200 million people worldwide looking for a job and poverty is on the rise.

Giving her clearest backing yet to green taxes and a range of measures to protect the environment, she argued for taxes on petrol-guzzling cars among a range of green measures to tackle climate change.

But she said the current economic crisis in Europe and slowing growth worldwide, coupled with the growing threat from climate change and social tensions could wreck the efforts of leaders to chart a more sustainable future.

"Over the past four years, we have been mired in the worst economic crisis since the Great Depression. And we are not out of it yet.

"In fact, tensions are on the rise again, and financial stability risks have once more moved front and centre. Great uncertainty hangs over global prospects.

"Too many regions today are still stuck in a trap of low growth and high unemployment," she said.

"Right now, 200 million people worldwide cannot find work, including 75 million young people trying to take their first step on the ladder of success.

"So we need a strategy that is good for stability and good for growth – where stability is conducive to growth and growth facilitates stability."

and that can only be achieved if the price of gold is not artificially kept down by various conspiracies but rises to at least 29,000 or better to 58,000 dollars/ounce. that will solve global unemployment, cause global cooling, prevent social unrest and enhance the sex drive of Panda bears... she said.

IMF chief Christine Lagarde warns world risks triple crisis

Lagarde says world risks falling incomes, environmental damage and social unrest without more sustainable approach to growth

http://www.guardian....ristine-lagarde

Christine Lagarde, the head of the International Monetary Fund, has warned that the world risks a triple crisis of declining incomes, environmental damage and social unrest unless countries adopt a more sustainable approach to economic growth.

Ahead of the Rio+20 Earth summit later this month, she said the rich should restrain their demands for higher incomes while there are still 200 million people worldwide looking for a job and poverty is on the rise.

Giving her clearest backing yet to green taxes and a range of measures to protect the environment, she argued for taxes on petrol-guzzling cars among a range of green measures to tackle climate change.

But she said the current economic crisis in Europe and slowing growth worldwide, coupled with the growing threat from climate change and social tensions could wreck the efforts of leaders to chart a more sustainable future.

"Over the past four years, we have been mired in the worst economic crisis since the Great Depression. And we are not out of it yet.

"In fact, tensions are on the rise again, and financial stability risks have once more moved front and centre. Great uncertainty hangs over global prospects.

"Too many regions today are still stuck in a trap of low growth and high unemployment," she said.

"Right now, 200 million people worldwide cannot find work, including 75 million young people trying to take their first step on the ladder of success.

"So we need a strategy that is good for stability and good for growth – where stability is conducive to growth and growth facilitates stability."

and that can only be achieved if the price of gold is not artificially kept down by various conspiracies but rises to at least 29,000 or better to 58,000 dollars/ounce. that will solve global unemployment, cause global cooling, prevent social unrest and enhance the sex drive of Panda bears... she said.

I can see why you like discussions over a glass or more of port

I can see why you like discussions over a glass or more of port

thanks for the reminder. it's past 1800 hrs and time to pour the first glass.

Well, I just do not understand the fuss.

The Spanish are about to sink another 100,000,000,000 into their banking system to keep it from collapsing.

But after a loss of only 2% of that figure Dimon is having a really hard time.

Like it's only 2,000,000,000.

But where I have the issue is, where are the guys celebrating and having a massive party?

If Dimon has lost 2 billion, then some other lucky guys have found it.

Who are they?

If Dimon has lost 2 billion, then some other lucky guys have found it.

Who are they?

unfortunately neither you nor me

unfortunately neither you nor me

Doesn't seem quite fair to me.

Here's Nigel telling the European Blockheads what he thinks.

it seems a done deal ... Germany is calling the shots ...

Like it or lump it .... France

'Merkel says Germany to reject 'quick' crisis solution at G-20, Europe must move toward political union'

'Merkel rejects joint euro bonds as path to mediocrity'

'Merkel rejects 'premature' joint liability in euro area'

'Merkel says EU countries will need to cede some sovereignty'

'Merkel spokesman Seibert says Germany will talk to any elected Greek gov'

Germany ......

Source/link please Churchill. Thanks.

it seems a done deal ... Germany is calling the shots ...

Like it or lump it .... France

'Merkel says Germany to reject 'quick' crisis solution at G-20, Europe must move toward political union'

'Merkel rejects joint euro bonds as path to mediocrity'

'Merkel rejects 'premature' joint liability in euro area'

'Merkel says EU countries will need to cede some sovereignty'

'Merkel spokesman Seibert says Germany will talk to any elected Greek gov'

Germany ......

Source/link please Churchill. Thanks.

From several ..http://www.forexlive.com/blog/2012/06/15/merkel-germany-doing-enough-for-consumer-demand/

Source/link please Churchill. Thanks.

different links, all "old" quotes, Churchill is just pissed off

Sorry naam .. NOT taken from 'old 'quotes .. I don't make things up ...and I don't suspect does Bloomberg ..

If twitter is not beyond your skills please check ..

Linda Yueh

@

lindayueh

Economics Editor & host of Economic Edge (Friday 16:30 BST) for

@

BloombergTV

& author of Macroeconomics, Enterprising China www.lindayueh.com

UK

·

http://topics.bloomb...com/linda-yueh/

Edited June 15, 201214 yr by churchill