Financial Crisis

[churchill]

G20 denials of a currency war starting

[manarak]

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?

[manarak]

G20 denials of a currency war starting

a race to the bottom is not a war... it's a friendly competition!

[Naam]

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.

[manarak]

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

[midas]

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!! “

[manarak]

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.

[Naam]

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!

[cheeryble]

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

[Naam]

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

[yoshiwara]

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 ?

[cheeryble]

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

[midas]

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#!

[churchill]

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

[midas]

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

[Naam]

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

[churchill]

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

[yoshiwara]

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?

[Wrong Turn]

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.....

[waza]

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?

[midas]

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 “

[Naam]

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.

[midas]

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

[Naam]

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?"

[mccw]

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.

[midas]

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

[yoshiwara]

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.

[Lopburi99]

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

[Naam]

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.

[churchill]

Watch out.........!!!!

CASH GRAB: Inactive bank accounts to be seized

Read more: http://www.news.com.au/money/banking/cash-grab-inactive-bank-accounts-to-be-seized/story-e6frfmcr-1226585867131#ixzz2M0DEIZuw