Financial Crisis

[Naam]

Thats assuming you can freely travel between those residences, You may just have to sit on your porch picking off the starving hordes as they climb your fence because your guard dogs look like a tasty meal.

yawnn... that reminds a bit of a similar posting in this thread when one of the poor boys prophesied three years ago that "soon a a starving horde will fry your liver and render your fat in your pool."

note: starving hordes do not develop overnight and prevent travelling.

Edited November 15, 2012 by Naam

[waza]

Thats assuming you can freely travel between those residences, You may just have to sit on your porch picking off the starving hordes as they climb your fence because your guard dogs look like a tasty meal.

yawnn... that reminds a bit of a similar posting in this thread when one of the poor boys prophesied three years ago that "soon a a starving horde will fry your liver and render your fat in your pool."

note: starving hordes do not develop overnight and prevent travelling.

I didnt realise there was a time limit on opinions. Its more likely criminal gangs before the starving hordes. There are plenty of case studies on the rapid de-evolution of societies into starving masses. EG: The great leap forward, North Korea,

PS: I got trapped in Thailand due to the Yellowshirt protests, I was fortunate that is was relatively short lived, but you never know what might happen.

Edited November 15, 2012 by waza

[Naam]

Thats assuming you can freely travel between those residences, You may just have to sit on your porch picking off the starving hordes as they climb your fence because your guard dogs look like a tasty meal.

yawnn... that reminds a bit of a similar posting in this thread when one of the poor boys prophesied three years ago that "soon a a starving horde will fry your liver and render your fat in your pool."

note: starving hordes do not develop overnight and prevent travelling.

I didnt realise there was a time limit on opinions. Its more likely criminal gangs before the starving hordes. There are plenty of case studies on the rapid de-evolution of societies into starving masses. EG: The great leap forward, North Korea,

PS: I got trapped in Thailand due to the Yellowshirt protests, I was fortunate that is was relatively short lived, but you never know what might happen.

there are criminal gangs in North Korea? and how does "the fall of Saigon" fit in? wife got trapped in Europe when SuvarnaSwampy was closed. she didn't mind at all and kept on shopping.

Edited November 15, 2012 by Naam

[Khun Jean]

Starving hordes are preceded by empty supermarkets and bank holidays etc. Enough time to travel to another residence.

Contingency plans are never bad, especially when they enhance your live.

Don't have to build a bunker under ground, a condo or house in another country is so much better.

[mccw]

On the topic of assumptions - you are seriously "assuming" 1000% inflation is "manageable" for normal people or society?

the usual typical and deliberate distortion of facts "Midas style". if in defense and cornered just claim any bullshit without evidence. i did not assume anything, a UBS banker was thinking aloud.

and you, [not so] Honourable Sir Mccw, Esq. knew that because you referred to it in your posting #12564

keep up the good job ridiculing yourself. you lack the minimum qualifications to bullsh*t others

You were defending the bankers point of view and dismissing others as if you whole heatedly agreed with him. Sorry If that's an incorrect assumption but its your actions that leads to the confusion.

[midas]

UBS: 1000% Inflation Is Perfectly Acceptable...

http://www.businessi...eptable-2012-11

"UBS Chief Economist Larry Hatheway suggests that even 1000 percent inflation can be manageable as long as people see it coming."

"1000% inflation is perfectly acceptable, as long as the 1000% inflation rate is stable at 1000%, and it is anticipated."

that's of course too much too comprehend for a doom&gloomer who is busy soiling his pants

If he could put a date on it, i would welcome it.

But that is the problem, nobody knows when and if it will happen. Everybody will be surprised if it does happen.

I hope i positioned myself that it will be pretty irrelevant if it happens.

Do You Know What Inflation Means?

As told by a woman who lived through the Weimar Republic era...

[Naam]

On the topic of assumptions - you are seriously "assuming" 1000% inflation is "manageable" for normal people or society?

the usual typical and deliberate distortion of facts "Midas style". if in defense and cornered just claim any bullshit without evidence. i did not assume anything, a UBS banker was thinking aloud.

and you, [not so] Honourable Sir Mccw, Esq. knew that because you referred to it in your posting #12564

keep up the good job ridiculing yourself. you lack the minimum qualifications to bullsh*t others

You were defending the bankers point of view and dismissing others as if you whole heatedly agreed with him. Sorry If that's an incorrect assumption but its your actions that leads to the confusion.

if stupid assumptions without any basis are allowed on Thaivisa here's mine: yesterday, as so often, you had a problem getting an erection to which your wife did not wholeheartedly agree

[midas]

not even a mention of this in the MSM ..... ?

Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests. In the law suit Eric Holder, Timothy Geitner, and the Central Bank among others are involved.

http://www.marketwat...sury-2012-10-25

and one of the comments under the article says this

" CNBC picked up the story. within 2 hours the story was pulled. T

Edited November 16, 2012 by midas

[ronz28]

This is a month old and probably no more than another Tea Party political smear campaign that didn't work.

http://www.marketwat...sury-2012-10-25

[kblaze]

not even a mention of this in the MSM ..... ?

Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests. In the law suit Eric Holder, Timothy Geitner, and the Central Bank among others are involved.

http://www.marketwat...sury-2012-10-25

and one of the comments under the article says this

" CNBC picked up the story. within 2 hours the story was pulled. T

I stopped at "federal lawsuit now impending..." Good luck trying to sue the govt if you don't know the diff between "pending" and "impending"

Edited November 16, 2012 by kblaze

[midas]

not even a mention of this in the MSM ..... ?

Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests. In the law suit Eric Holder, Timothy Geitner, and the Central Bank among others are involved.

http://www.marketwat...sury-2012-10-25

and one of the comments under the article says this

" CNBC picked up the story. within 2 hours the story was pulled. T

I stopped at "federal lawsuit now impending..." Good luck trying to sue the govt if you don't know the diff between "pending" and "impending"

i hope the lawyers know this even if the journalist's don't

Here is the actual court document :

http://www.scribd.co...llion-Complaint

Edited November 16, 2012 by midas

[midas]

there is even a conspiracy involved......

http://sherriequestioningall.blogspot.com/2012/10/cnbc-article-on-43-trillion-lawsuit-has.html

[cheeryble]

Although the vid is made by silver investor the content is FACT. .

Ahhhhhh FACTs..........

I love the whooshing sound they make as they whizz by on their way to being re-interpreted :-)

[cheeryble]

there is even a conspiracy involved......

http://sherriequestioningall.blogspot.com/2012/10/cnbc-article-on-43-trillion-lawsuit-has.html

Tell me it ain't so!

[yoshiwara]

Here is the actual court document :

http://www.scribd.co...llion-Complaint

The US is full of vexatious law suits which are thinly disguised publicity stunts.

Once an article contains the magic word 'banksters', just chuck it into the bin.

[Naam]

Here is the actual court document :

http://www.scribd.co...llion-Complaint

The US is full of vexatious law suits which are thinly disguised publicity stunts.

Once an article contains the magic word 'banksters', just chuck it into the bin.

who's nowadays interested in "trillions"? a good headline is "Last Week's 139 Godzillions printed by FEDnanke are missing in Action!"

[Naam]

there is even a conspiracy involved......

http://sherriequesti...awsuit-has.html

Tell me it ain't so!

most probably the Cardassians conspiring with the Bilderbergs again. the Alpha Quadrant has become quite unstable.

sent from Battle Cruiser Armageddon on high priority frequency modulated subspace channel

[churchill]

there is even a conspiracy involved......

http://sherriequesti...awsuit-has.html

Tell me it ain't so!

most probably the Cardassians conspiring with the Bilderbergs again. the Alpha Quadrant has become quite unstable.

sent from Battle Cruiser Armageddon on high priority frequency modulated subspace channel

Naam's in a different quadrant .....

[waza]

there is even a conspiracy involved......

http://sherriequesti...awsuit-has.html

Tell me it ain't so!

most probably the Cardassians conspiring with the Bilderbergs again. the Alpha Quadrant has become quite unstable.

sent from Battle Cruiser Armageddon on high priority frequency modulated subspace channel

[midas]

Occupy 'people's bailout' aims to cancel millions of dollars of debt

Occupy Wall Street has launched a ‘Rolling Jubilee’ of debt cancellations, in a “people’s bailout” campaign to wipe out millions of dollars of debt.

Unlike bailouts by wealth countries and international institutions, which have handed trillions of public money to banks and financial institutions clobbered by a financial crisis their greed helped to engineer, the “people’s bailout” is about helping the 99 per cent.

It is based on generosity rather than austerity, and uses a multiplier effect to reverse the standard corporate idea that the poor should help the rich out of the economic crunch.

The simple idea is to use donations to buy bundles of toxic debt for pennies, and then cancel it.

Set in motion yesterday (15 November 2012) through a telethon which quickly 'sold out', the imaginative campaign has already raised enough cash to knock out more than US$5.2 million worth of debt, and contributions have started to roll in at a considerable rate.

http://www.ekklesia.co.uk/node/17397

[yoshiwara]

Occupy 'people's bailout' aims to cancel millions of dollars of debt

Occupy Wall Street has launched a ‘Rolling Jubilee’ of debt cancellations, in a “people’s bailout” campaign to wipe out millions of dollars of debt.

Unlike bailouts by wealth countries and international institutions, which have handed trillions of public money to banks and financial institutions clobbered by a financial crisis their greed helped to engineer, the “people’s bailout” is about helping the 99 per cent.

It is based on generosity rather than austerity, and uses a multiplier effect to reverse the standard corporate idea that the poor should help the rich out of the economic crunch.

The simple idea is to use donations to buy bundles of toxic debt for pennies, and then cancel it.

Set in motion yesterday (15 November 2012) through a telethon which quickly 'sold out', the imaginative campaign has already raised enough cash to knock out more than US$5.2 million worth of debt, and contributions have started to roll in at a considerable rate.

http://www.ekklesia.co.uk/node/17397

Since the debt is not being paid, the effect on the debtor is marginal at best. Second the value of the asset has already had an effect on the economy in that the lender has had to write off the debt. That does not mean it has disappeared. It means that the lenders average cost of lending has increased as a result of effective default and has both pushed up the cost of lending plus raised the bar for criteria of lending. In short there is economic contraction. Moral hazard kicks in at the margin whereby those who are repaying their debts may decide to risk gaming the system as also new potential debtors wanting to game the system. So cheering on bailing out the debtor is ridiculous as is the idea of us and them. Occupy Wall Street are a bunch of confused bozos looking for gimmicks.

Edited November 17, 2012 by yoshiwara

[churchill]

Betting with Trillions

Prison of Debt Paralyzes West

http://www.spiegel.d...c-a-867404.html

Edited November 17, 2012 by churchill

[Naam]

Since the debt is not being paid, the effect on the debtor is marginal at best. Second the value of the asset has already had an effect on the economy in that the lender has had to write off the debt. That does not mean it has disappeared. It means that the lenders average cost of lending has increased as a result of effective default and has both pushed up the cost of lending plus raised the bar for criteria of lending. In short there is economic contraction. Moral hazard kicks in at the margin whereby those who are repaying their debts may decide to risk gaming the system as also new potential debtors wanting to game the system. So cheering on bailing out the debtor is ridiculous as is the idea of us and them. Occupy Wall Street are a bunch of confused bozos looking for gimmicks.

trying to educate bozos? waste of time!

[midas]

Occupy 'people's bailout' aims to cancel millions of dollars of debt

Occupy Wall Street has launched a ‘Rolling Jubilee’ of debt cancellations, in a “people’s bailout” campaign to wipe out millions of dollars of debt.

Unlike bailouts by wealth countries and international institutions, which have handed trillions of public money to banks and financial institutions clobbered by a financial crisis their greed helped to engineer, the “people’s bailout” is about helping the 99 per cent.

It is based on generosity rather than austerity, and uses a multiplier effect to reverse the standard corporate idea that the poor should help the rich out of the economic crunch.

The simple idea is to use donations to buy bundles of toxic debt for pennies, and then cancel it.

Set in motion yesterday (15 November 2012) through a telethon which quickly 'sold out', the imaginative campaign has already raised enough cash to knock out more than US$5.2 million worth of debt, and contributions have started to roll in at a considerable rate.

http://www.ekklesia.co.uk/node/17397

Since the debt is not being paid, the effect on the debtor is marginal at best. Second the value of the asset has already had an effect on the economy in that the lender has had to write off the debt. That does not mean it has disappeared. It means that the lenders average cost of lending has increased as a result of effective default and has both pushed up the cost of lending plus raised the bar for criteria of lending. In short there is economic contraction. Moral hazard kicks in at the margin whereby those who are repaying their debts may decide to risk gaming the system as also new potential debtors wanting to game the system. So cheering on bailing out the debtor is ridiculous as is the idea of us and them. Occupy Wall Street are a bunch of confused bozos looking for gimmicks.

It is most definitely them and us as the economist Steve keen describes very well because the debt was created purely to fuel asset bubbles.

As for your description of occupy Wall Street I'm sure many of them could come up with with equally derogative descriptions of the banksters

Of course I would never expect any other kind of reaction from a debt junkie

bankster

Pronunciation: /ˈbaNGkstər/

Definition of bankster

noun

a member of the banking industry seen as profiteering or dishonest: nothing ever seems to happen to any of the banksters who caused all the problems in the first place

http://oxforddictionaries.com/definition/american_english/bankster

Edited November 17, 2012 by midas

[yoshiwara]

Occupy 'people's bailout' aims to cancel millions of dollars of debt

Occupy Wall Street has launched a ‘Rolling Jubilee’ of debt cancellations, in a “people’s bailout” campaign to wipe out millions of dollars of debt.

Unlike bailouts by wealth countries and international institutions, which have handed trillions of public money to banks and financial institutions clobbered by a financial crisis their greed helped to engineer, the “people’s bailout” is about helping the 99 per cent.

It is based on generosity rather than austerity, and uses a multiplier effect to reverse the standard corporate idea that the poor should help the rich out of the economic crunch.

The simple idea is to use donations to buy bundles of toxic debt for pennies, and then cancel it.

Set in motion yesterday (15 November 2012) through a telethon which quickly 'sold out', the imaginative campaign has already raised enough cash to knock out more than US$5.2 million worth of debt, and contributions have started to roll in at a considerable rate.

http://www.ekklesia.co.uk/node/17397

Since the debt is not being paid, the effect on the debtor is marginal at best. Second the value of the asset has already had an effect on the economy in that the lender has had to write off the debt. That does not mean it has disappeared. It means that the lenders average cost of lending has increased as a result of effective default and has both pushed up the cost of lending plus raised the bar for criteria of lending. In short there is economic contraction. Moral hazard kicks in at the margin whereby those who are repaying their debts may decide to risk gaming the system as also new potential debtors wanting to game the system. So cheering on bailing out the debtor is ridiculous as is the idea of us and them. Occupy Wall Street are a bunch of confused bozos looking for gimmicks.

It is most definitely them and us as the economist Steve keen describes very well because the debt was created purely to fuel asset bubbles.

As for your description of occupy Wall Street I'm sure many of them could come up with with equally derogative descriptions of the banksters

Of course I would never expect any other kind of reaction from a debt junkie

bankster

Pronunciation: /ˈbaNGkstər/

Definition of bankster

noun

a member of the banking industry seen as profiteering or dishonest: nothing ever seems to happen to any of the banksters who caused all the problems in the first place

http://oxforddiction...nglish/bankster

No it wasn't, not unless you are on the conspiracy roundabout.

And the implication that debt per se is a bad thing is very silly.

Unless one is a bedsit bullshitter who has never had a mortgage in their life, but hey......................

[midas]

Since the debt is not being paid, the effect on the debtor is marginal at best. Second the value of the asset has already had an effect on the economy in that the lender has had to write off the debt. That does not mean it has disappeared. It means that the lenders average cost of lending has increased as a result of effective default and has both pushed up the cost of lending plus raised the bar for criteria of lending. In short there is economic contraction. Moral hazard kicks in at the margin whereby those who are repaying their debts may decide to risk gaming the system as also new potential debtors wanting to game the system. So cheering on bailing out the debtor is ridiculous as is the idea of us and them. Occupy Wall Street are a bunch of confused bozos looking for gimmicks.

It is most definitely them and us as the economist Steve keen describes very well because the debt was created purely to fuel asset bubbles.

As for your description of occupy Wall Street I'm sure many of them could come up with with equally derogative descriptions of the banksters

Of course I would never expect any other kind of reaction from a debt junkie

bankster

Pronunciation: /ˈbaNGkstər/

Definition of bankster

noun

a member of the banking industry seen as profiteering or dishonest: nothing ever seems to happen to any of the banksters who caused all the problems in the first place

http://oxforddiction...nglish/bankster

No it wasn't, not unless you are on the conspiracy roundabout.

And the implication that debt per se is a bad thing is very silly.

Unless one is a bedsit bullshitter who has never had a mortgage in their life, but hey......................

No conspiracy - just economic theory ....

When debt finances genuine investment, it is a necessary part of a growing capitalist economy, it grows but shows no trend relative to GDP, and leads to modest profits by the financial sector and that is good debt. But when it finances speculation on asset prices, it grows faster than GDP, leads to obscene profits by the financial sector and generates Ponzi Schemes which are to sustainable economic growth as cancer is to biological growth.And this what the banksters have done.

Edited November 17, 2012 by midas

[midas]

British taxpayers who helped bail out two of the country's biggest banks at the height of the financial crisis may never see the money again. A group of influential MPs have warned that the 66 billion pounds the government paid to rescue RBS and Lloyds TSB may be lost for good. RT's Sara Firth breaks down the numbers.

Edited November 18, 2012 by midas

[Naam]

British taxpayers who helped bail out two of the country's biggest banks at the height of the financial crisis may never see the money again. A group of influential MPs have warned that the 66 billion pounds the government paid to rescue RBS and Lloyds TSB may be lost for good. RT's Sara Firth breaks down the numbers.

does it matter? after all it's only worthless fiat money that was spent

[mccw]

Around 5,000 Spanish police officers marched through the streets of Madrid on Saturday to protest government austerity measures, including frozen pensions and the elimination of their Christmas bonuses.

Officers travelled from across Spain to take part in the demonstration which was called by the nations main policing union.

Protesters blew whistles, shouted slogans, and carried anti-austerity banners as they marched through the city centre to the interior ministry.

"Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians," read one banner.- sky news app

I wonder how is the military in countries like Spain, Portugal and Greece these days? I mean its not so very long ago they were quite active political forces. When democracy breaks down, the political parties offer no choice and people are rioting in the streets, dying in their beds etc. I can imagine some old guard generals could be thinking a coup and withdrawal from the EU might be the honourable thing to do- indeed the duty of armed forces is to ensure countries sovereignty and freedom. Maybe zee EU has overlooked bribing these people.

What do suppose would be the reaction to a successful military take over in one of these countries? Greece most likely.

[Naam]

Maybe zee EU has overlooked bribing these people.

What do suppose would be the reaction to a successful military take over in one of these countries? Greece most likely.

why should the EU bribe "these People"? the core EU would be better off without "these countries". unfortunately military coups are highly unlikely. the top brass are not stupid because there's nothing to gain. Greece is bankrupt with or without a military government and Spain and Portugal will be bankrupt bankrupt without the EU shoveling cash to these countries.

next brilliant idea?