Financial Crisis

[yoshiwara]

Shalom is his name is it not?

Why would speaking his name be antisemitic?

Please; I thought everybody knew its those zorastrians that possess the old majic of secrets for the influencel over humanity.

Joking aside. There is good and bad in all dogmatic religions. Choice of a light or dark path is always down to the individual

Get off your high horse

The Jews have a history as bankers wich is undeniable; if you want to debate the merit of the system created and for whose interests it serves and the course historical events have taken based on these powers then go ahead free from predudic. I'm interested in it accedemicly, not as a jew bsshing ecercise

Stop wriggling. His name is Bernanke. I suggest that if you are in a hole stop digging.

" Why would speaking his name be antisemitic? "

good question

Ben Shalom Bernanke

https://en.wikipedia.org/wiki/Ben_Bernanke

Except why are you pointing to his middle name? For a reason. The same reason you harp on in echo of old Neo-Nazi conspiracy theories (Rothschild blah). Trying to play the innocence card just doesn't wash. We know where you are coming from even more than mccw. On 'yer bike chum. Edited July 12, 2013 by yoshiwara

[midas]

What Every Student in America Needs to Know About the Federal Reserve

Summary: The Fed is also a service bureau to the big banks. It is not as independent as it proclaims itself to be; it provides services for its owners. Its owners have a profit motive.

http://www.oftwominds.com/blogjuly13/Fed-JeffW7-13.html

[mccw]

7billion people in the world now apparently:

www.bbc.co.uk/news/world-15391515

How can such continued growth not have effect the cost of commodities, food, etc in the coming decades? Another billion in just another 10 years or so from now.

[NeverSure]

7billion people in the world now apparently:

www.bbc.co.uk/news/world-15391515

How can such continued growth not have effect the cost of commodities, food, etc in the coming decades? Another billion in just another 10 years or so from now.

It's complex but I think it will just be more and more of the same. There will be more and more impoverished people with high birth rates while developed countries hold down birth rates and the impoverished will become more impoverished.

Already today 2.6 billion people live on less than $2 per day, and 1.44 billion on less than $1.25 per day. These countries are shooting themselves in the foot with high birth rates. They also wind up with high disease rates and short life expectancies. I think it will just get worse for them.

I think it will be noticed less in first world countries which are learning to grow more food on less land and with less energy, and learning to become more energy efficient, while the "backward" countries continue to go backward.

Link

[jackinbkk]

I read today about the grim facts of Southern Europe. Greece wont meet it's agreed targets, Italy is on the verge of the point of no return in it's debt burden. Portugal and Spain also have big problems such as affording the cost to borrow. The lazy tax dodgers I don't feel sorry for but there could be another global shock. I feel lucky that I work for a US company but is anyone really safe?

Pimco's Bill Gross said himself that they expect (estimated odds of 60%) another recession within the next 5 years.

It's scary stuff.

[mania]

so save us from your snide name calling.

Oh that is rich

The Henny Youngman of this forum telling others not to name call

Stop my side hurts

[mccw]

Here we have a recent account of how "financial crises" has been used to further political and private economic interests :

"""""

In many ways Egyptian President Mohamed Morsi made his own end, but in a lot of others, everyone from young rebels to police to the military to even the people running the oil supply conspired to degrade and ultimately overthrow Morsi.

The latest evidence is the sudden end to Egypt's crippling energy shortages, as reported by Ben Hubbard and David D. Kirkpatrick in the New York Times:

The Muslim Brotherhood and Mr. Morsi’s supporters say the sudden turnaround proves that their opponents conspired to make Mr. Morsi fail. Not only did police officers seem to disappear, but the state agencies responsible for providing electricity and ensuring gas supplies failed so fundamentally that gas lines and rolling blackouts fed widespread anger and frustration.

“This was preparing for the coup,” said Naser el-Farash, who served as the spokesman for the Ministry of Supply and Internal Trade under Mr. Morsi. “Different circles in the state, from the storage facilities to the cars that transport petrol products to the gas stations, all participated in creating the crisis.”

Granted, other reporting from Al Arabiya makes clear that the energy crisis isn't exactly over.

Nonetheless, it seems apparent that organized groups put a stranglehold on an already ailing system. That organization was staggeringly deep and detailed.

An article from Mike Giglio of the Daily Beast today details to what lengths the youth rebel group called Tamarod and the Army collaborated in the time leading up to the coup:

In the days and weeks before the protests, Waleed al-Masry, a central organizer, was in regular contact with a group of retired military officers. These retired officers, Masry says, promised to protect the protesters who turned out on June 30. They said they were reaching out on behalf of the Army’s current commanders. “We didn’t ask them for help. They just offered it,” Masry says. “And we welcomed that.”

Masry and the rebels not only gained the cooperation of the army, but also of the police and the recently snubbed judicial system.

“The country’s institutions—the police, the Army, the judges—were clear from their messages in the media that they were in favor of getting rid of [Morsi]," Moheb Doss, one of Tamarod’s co-founders and main organizers, told The Beast. Then they received “individual communications between Tamarod people and state institutions.”

Finally there was the funding, both internally and externally.

The Times details how former judge Tahani el-Gebali, former adviser Shawki al-Sayed, and Naguib Sawiris, a billionaire and an outspoken foe of the Brotherhood, all pitched in cash and organizing efforts to wear at the base of the Morsi regime.

And just this week, an Al Jazeera exclusive from Emad Mekay exposed how Washington had funneled money to secular opposition groups in Egypt:

Documents obtained by the Investigative Reporting Program at UC Berkeley show the US channeled funding ... [that] ... vigorously supported activists and politicians who have fomented unrest in Egypt, after autocratic president Hosni Mubarak was ousted in a popular uprising in February 2011.

Seems like a well-organized effort to sabotage Morsi, no?

Except that Morsi's moves to consolidate power and install Sharia Law began almost as soon as he took office. His concerns, it seemed, focused more on telling women how to talk to their husbands than with rebuilding Egypt.

Those actions predate the actions of the young Tamarod agents who took to the streets, some for 16 hours a day, collecting signatures for the ouster of Morsi.

In that way, Morsi made his own end. Now he has no choice but to own it, conspiracy or not.

"""""

-from biz insider app

This is Egypt but the same methods of chaos and crises to achieve political and economic ends has been used again and again. The Arab spring, the fall of the Soviet Union, the breaking of the labour unions in the UK and discounted sales of state assets to private companies is similar to what we have now in Southern Europe, the numerous examples of intervention in South America. Reading the "Confessions of an economic hit man" or watching "the money masters" would be good starting places for anyone still believing the mainstream propaganda. The merit in the results of the actions are debatable certainly. The world is but a tussle of powerful groups anyway and maybe some winning are better than others and it all depends on who's shoes ones standing in of course. Like some moderate Syrian rebels are now finding out the lesser evil sometimes the preferable option - ie the lunatic Islamists they are now in bed with are proving worse than the regime they set out to overthrow.

Personally I'm doing ok so I'm not too worked up about things either way. But I think if one wants to think how this financial crises might unfold then its worth thinking first about who holds the key positions of power, who is behind them and what their primary interests are. So to discount and deny the influence of Goldman Sacks, the other too big to fail/ jail banks or their shadowy backers is really doing yourselves out of as critical a consideration factor for the likely future price movements in markets. Gold and stocks since last 5 years could have better been better forsaken had I taken this info under better consideration

[mania]

Try not to be stupid.

Ah there ya go.............true to form Henny

[yoshiwara]

Try not to be stupid.

Ah there ya go.............true to form Henny

He died in 1998 which was probably the last time you said anything funny as well.

[mania]

Try not to be stupid.

Ah there ya go.............true to form Henny

He died in 1998 which was probably the last time you said anything funny as well.

Poor Yosh.............whoosh eh?

To be "The Henny Youngman of this Forum" does not require you to be the actual Henny......... kao jai mai?

Edited July 13, 2013 by mania

[mccw]

A working democracy should present parties offering economic alternatives. Today we have all the major parties supporting the same system.

[mccw]

A working democracy should have present parties offering economic alternatives. Today we have them all the pretty much supporting the same system, the same narrative. Western democracy has come to be akin to a corrupt communist state with only choices between different officials administering the same policies decided behind closed doors in some far off place. The only difference is the clever media sharard to present the illusion of choice. What was it some old Cesare said? Keep the ignorant masses entertained with colosseums and .........

[mccw]

The Nazi, excluding killing and insanity, but economic model worked quite successfully and got them out of the mess they were in at that time. As a piece of economic history it is quite interesting.

Just itching to let rip with the old crap, oh yes you are. Just look under the stone and eventually it crawls out.

What are you you on about?

I am pointing out that policies of investment in industry, good salaries as stimulus and state support for families and child support to increase the population and its consumption and economic wealth production proved very successful in pulling Germany out of their financial crises / depression and war reparations situation of the day. The war reparations could be viewed as the bailout money's of today's Med countries and thier economic depression the result of economic policies decided abroad and administered by local puppets. The med countries would do well to put national interests first in my opinion and withdraw from the euro, let thier currencies fall, begin exports and invest in related national services (for the strength of the nation as a whole rather than the union workers of such state companies as it was most recently- could take Singapore or the British empire, east India company or today's communist china as examples of what I am talking about. I'd prescribe this kind of National Social Capitalist system for the UK as well. Nothing racist about it.

Ideas for what is a sensible immigration policy are quite separate. I'd say allow any people bringing investment or needed skills; but close the door to refugees and the unskilled, uneducated masses. Simply mathematical sense, not any racist agenda. People already here should be put to work and benefits reduced enough to make work appealing before thinking about letting in any more unskilled people.

[midas]

The Nazi, excluding killing and insanity, but economic model worked quite successfully and got them out of the mess they were in at that time. As a piece of economic history it is quite interesting.

Just itching to let rip with the old crap, oh yes you are. Just look under the stone and eventually it crawls out.

What are you you on about?

I am pointing out that policies of investment in industry, good salaries as stimulus and state support for families and child support to increase the population and its consumption and economic wealth production proved very successful in pulling Germany out of their financial crises / depression and war reparations situation of the day. The war reparations could be viewed as the bailout money's of today's Med countries and thier economic depression the result of economic policies decided abroad and administered by local puppets. The med countries would do well to put national interests first in my opinion and withdraw from the euro, let thier currencies fall, begin exports and invest in related national services (for the strength of the nation as a whole rather than the union workers of such state companies as it was most recently- could take Singapore or the British empire, east India company or today's communist china as examples of what I am talking about. I'd prescribe this kind of National Social Capitalist system for the UK as well. Nothing racist about it.

Ideas for what is a sensible immigration policy are quite separate. I'd say allow any people bringing investment or needed skills; but close the door to refugees and the unskilled, uneducated masses. Simply mathematical sense, not any racist agenda. People already here should be put to work and benefits reduced enough to make work appealing before thinking about letting in any more unskilled people.

If you or anyone comes up with any ideas like this regarding how to get out of this financial crisis but then someone is sceptical as to whether it would work or not ………………… we are not even allowed any more to say “ Pigs might fly “

http://www.guardian.co.uk/media/2005/feb/01/advertising.politicsandthemedia

[mccw]

The Nazi, excluding killing and insanity, but economic model worked quite successfully and got them out of the mess they were in at that time. As a piece of economic history it is quite interesting.

Just itching to let rip with the old crap, oh yes you are. Just look under the stone and eventually it crawls out.

What are you you on about?

I am pointing out that policies of investment in industry, good salaries as stimulus and state support for families and child support to increase the population and its consumption and economic wealth production proved very successful in pulling Germany out of their financial crises / depression and war reparations situation of the day. The war reparations could be viewed as the bailout money's of today's Med countries and thier economic depression the result of economic policies decided abroad and administered by local puppets. The med countries would do well to put national interests first in my opinion and withdraw from the euro, let thier currencies fall, begin exports and invest in related national services (for the strength of the nation as a whole rather than the union workers of such state companies as it was most recently- could take Singapore or the British empire, east India company or today's communist china as examples of what I am talking about. I'd prescribe this kind of National Social Capitalist system for the UK as well. Nothing racist about it.

Ideas for what is a sensible immigration policy are quite separate. I'd say allow any people bringing investment or needed skills; but close the door to refugees and the unskilled, uneducated masses. Simply mathematical sense, not any racist agenda. People already here should be put to work and benefits reduced enough to make work appealing before thinking about letting in any more unskilled people.

That's it. Keep going. 'National Social Capitalist'. Just one meally-mouthed step from National Socialist. Crawls out and slithers out.

National socialism as an economic system is perfectly valid as an economic model for debate; only my preferred model would have a higher emphasis on supporting/ creating an unburdensome environment for Small and medium sized private businessto flourish, while the strategically important large biz such as power generation, other utilities, defence, banks and such should be run for the benefit and strength of the nation.

Do you find it impossible to talk about the soviet or other communist economic systems due to X number of people had been killed by certain regimes?

You can't have ever studied politics and economics academically surely since you'd have got all emotional and start accusing the lecturers of being genocidal nazis; or was it back in the immediate aftermath of the war and they just skipped over these areas? I studied these areas around the turn of this century so maybe we were permitted greater depth of such areas since the wars were well past won and consigned to history; I don't know. But you certainly seem to have trouble separating economics from politics.

[mccw]

As I was saying earlier about oil could upset the apple cart:

"""USA Today: - A big jump in gasoline prices pushed wholesale inflation up in June by the largest amount in nine months. But underlying inflation showed only a modest gain.

Wholesale prices rose 0.8% in June compared with May when prices had risen 0.5%, the Labor Department reported Friday. It was the biggest gain since a 1% jump in September and was driven by a 7.2% surge in gasoline prices.""""

From via biz insider app

7.2% jump in petrol prices. That's got to deny consumer confidence and spending. Combined with low or no wage growth and riding interest rates on debt in a consumer debt driven economy = o dear ; and the fed is going to cut asset purchases sending rates higher? Really? If they do then they must know the outcome and the its mean the old Shalom has a plan to spark another crash / sell off, driving prices low on command and all those in club who are forewarned can get filthy stinking richer. Just his words with out action can send prices down; you think nobody has access to what will be said in advance? It would be the most bizarre thing in the world if not.

[mccw]

Uni liver sees long term growth prospects being in the EMs :

"The company does not break down sales by individual brands, but has said that it wants to focus on products with a sustainable growth profile in emerging markets.

Unilever's first-quarter results, announced in April, showed underlying sales growth of 4.9% with emerging markets up 10.4%."

- extract from sky news app.

Goes on to say they are selling many well known food brands such as skippy and pepperami amongst others as part of the shift.

Not earth shattering but an example of a long term stand point being taken. They are obviously not expecting the whole of Asia to fall in to the abyss any day now.

[midas]

Shalom is his name is it not?

Why would speaking his name be antisemitic?

Please; I thought everybody knew its those zorastrians that possess the old majic of secrets for the influencel over humanity.

Joking aside. There is good and bad in all dogmatic religions. Choice of a light or dark path is always down to the individual

Get off your high horse

The Jews have a history as bankers wich is undeniable; if you want to debate the merit of the system created and for whose interests it serves and the course historical events have taken based on these powers then go ahead free from predudic. I'm interested in it accedemicly, not as a jew bsshing ecercise

Stop wriggling. His name is Bernanke. I suggest that if you are in a hole stop digging.

" Why would speaking his name be antisemitic? "

good question

Ben Shalom Bernanke

https://en.wikipedia.org/wiki/Ben_Bernanke

Except why are you pointing to his middle name? For a reason. The same reason you harp on in echo of old Neo-Nazi conspiracy theories (Rothschild blah). Trying to play the innocence card just doesn't wash. We know where you are coming from even more than mccw. On 'yer bike chum.

Some of us also know where you and the likes of you are coming from as well. You'll never get away with stifling discussion on the key flaws in the financial system that has caused and continues to perpetuate this financial crisis.

I was once accused of being anti-Semitic in another thread simply by asking the question “ who owns the US Federal reserve “ ? If you look in the dictionary anti-Semitism is defined as hostility toward or discrimination of a religious, ethnic, or racial group. Where in my question regarding the Federal reserve does it reflect hostility? Are we not even allowed to simply ask or debate openly whether it is fair or even healthy for the American financial system (and thereby indirectly influenced the rest of the world ) to be so much under the control of one group of people? What do some try to hide facts by stifling any discussion by accusing the person asking the question of discrimination or hostility?

Edited July 14, 2013 by midas

[metisdead]

Some posts getting a bit off topic have been removed as well as the replies.

[midas]

When you hear the mainstream media begin to talk about a "derivatives crisis" involving major banks, that will be a sign that disaster is upon us.

Most Americans don't realize that Wall Street has been transformed into the largest casino in the history of the world. Most Americans don't realize that the major banks are literally walking a financial tightrope each and every day.

All it is going to take is one false step and we will be looking at a financial crisis even worse than what happened back in 2008.

So enjoy this little bubble of false prosperity while you can.

It is not going to last for too much longer.

http://theeconomiccollapseblog.com/archives/10-reasons-why-the-global-economy-is-about-to-experience-its-own-version-of-sharknado

[mccw]

Today's disappointing U.S. retail sales report is sending shockwaves across Wall Street's economics departments.

"The disappointing 0.4% m/m rise in US retail sales values in June increases the chances that GDP grew at an annualised rate of less than 1% in the second quarter," said Capital Economics' Paul Dales.

Barclays just cut its Q2 GDP growth tracking estimate to 0.5% from 0.6%, reports CNBC's Bob Pisani.

According to Zero Hedge, Goldman Sachs cut its GDP forecast to 1.0% from 1.3%.

"Today's number complicates Q2 GDP estimates," tweeted BTIG's Dan Greenhaus. "Q2 should be less than 1.0%, the second time in 3 qtrs GDP is less than 1.0%. That's not very good."

-all from biz insider app quoting others.

[midas]

THE CRIMINALS HAVE SEIZED POWER

The American people have suffered a coup d’etat — Paul Craig Roberts

How do you change the direction of the country when power has been seized by the ultra-wealthy criminal class? When the financial, economic, political, military, judicial, and media organizations have been taken over by psychopathic criminals who are looking out only for their financial interests, the few citizens who have the courage to speak the truth become enemies of the state. There is no non-violent solution to this state of affairs.

The American people have suffered a coup d’etat, but they are hesitant to acknowledge it. The regime ruling in Washington today lacks constitutional and legal legitimacy. Americans are ruled by usurpers who claim that the executive branch is above the law and that the US Constitution is a mere “scrap of paper.”

http://www.theburningplatform.com/?p=57680

[Naam]

"coup d'état" = sad but true! that's what my redneck friends forecasted in november 2008.

[mccw]

Who said the British don't have innovative technology?:

Published: Jul 16, 2013, 11:00 AM

Skylon, a revolutionary UK spacecraft which could take adventurers to Earths stratosphere in just 15 minutes or fly travelers to Australia in four hours, will get $90 million from the government. The challenge is to cut the cost of space travel.

Skylon boasts a hybrid jet-rocket engine, SABRE (Synergistic Air-Breathing Rocket Engine), capable of blasting into low earth orbit. It takes off from a standard runway before accelerating to speeds of 19,000 miles per hour.

The Minister for Universities and Science says SABRE has the potential to completely transform how we access space.

By supporting this breakthrough technology we are giving the UK a leading position in a growing market of new generation launchers and removing one of the main barriers to the growth of commercial activity in space, David Willetts told the Telegraph.

The minister is expected to share more details about the project at the UK Space Conference in Glasgow, which runs until Wednesday.

The founder of Reaction Engines, Alan Bond, has received the go-ahead from the chancellor George Osborne to construct the 3,500mph rocket.

Unlike conventional aircraft engines, SABRE switches in flight to become a rocket engine that can boost Skylon to a speed faster than Mach 5, or more than five times the speed of sound, according to icarusinterstellar.org. After take-off, SABRE mixes hydrogen with air it sucks in, after which it switches to rocket mode, using oxygen carried in its own tanks to accelerate into space.

The breakthrough in the engines technology is that SABRE engineers can cool the incoming airstream from a temperature of over 1,000 C to -150 C in less than a hundredth of a second without the engine frosting up.

Skylons 82-metre long fuselage will be built from carbon-fiber reinforced plastic with a black ceramic skin to protect against the heat of re-entry. It will be powered by two SABRE engines.

Osborne's decision to invest in the Sabre engine was boosted by a hundred successful test runs and a study by the European Space Agency to validate the design.

It is hoped that Skylon could cut the launch expenditures by over 95%, bringing the cost of space travel in line with aviation.

As things stand now, its only competitor these days is Richard Bransons Virgin Galactic, which offers six-minutes-of-weightlessness-trips for $182,000. The challenge for Skylon is to reduce this price.

"It would allow us to launch satellites far more cheaply, to build space stations or to create orbiting solar arrays that would beam power to earth. We could even construct spaceships for missions to other planets," the British inventor told International Business Times.

-via rt app

[ajarnpot]

I am more interested in seeing how to push the problems forward. I keep reading the end of the financiall bla bla bla all the time. I can't wait to see what happens.

How often does a complete change in monetary system as we know or happen.

We need more money printing, more obamas

then just invest in lead

[yoshiwara]

THE CRIMINALS HAVE SEIZED POWER

The American people have suffered a coup detat Paul Craig Roberts

How do you change the direction of the country when power has been seized by the ultra-wealthy criminal class? When the financial, economic, political, military, judicial, and media organizations have been taken over by psychopathic criminals who are looking out only for their financial interests, the few citizens who have the courage to speak the truth become enemies of the state. There is no non-violent solution to this state of affairs.

The American people have suffered a coup detat, but they are hesitant to acknowledge it. The regime ruling in Washington today lacks constitutional and legal legitimacy. Americans are ruled by usurpers who claim that the executive branch is above the law and that the US Constitution is a mere scrap of paper.

http://www.theburningplatform.com/?p=57680

Another lunatic who follows 9/11 conspiracy theories.

[midas]

THE CRIMINALS HAVE SEIZED POWER

The American people have suffered a coup detat Paul Craig Roberts

How do you change the direction of the country when power has been seized by the ultra-wealthy criminal class? When the financial, economic, political, military, judicial, and media organizations have been taken over by psychopathic criminals who are looking out only for their financial interests, the few citizens who have the courage to speak the truth become enemies of the state. There is no non-violent solution to this state of affairs.

The American people have suffered a coup detat, but they are hesitant to acknowledge it. The regime ruling in Washington today lacks constitutional and legal legitimacy. Americans are ruled by usurpers who claim that the executive branch is above the law and that the US Constitution is a mere scrap of paper.

http://www.theburningplatform.com/?p=57680

Another lunatic who follows 9/11 conspiracy theories.

Spoken by a person who hates the truth being revealed

[mccw]

9/11 was blatantly a set up. Show me 1 building anywhere ever that collapsed like that from the bottom because of being on fire at the top; That alone, never mind all the 3rd building going down or numerous other following dodgey dossiers etc etc, is enough evidence in its self.

Markets are all manipulated; why would geo political events not be also? Look at all that's taken place since on the terror excuses

[siamamerican]

"coup d'état" = sad but true! that's what my redneck friends forecasted in november 2008.

LOSER!!! Get a grip on reality. The world is just dandy and your redneck friends are, sadly, more in the know than yourself. Show us the humor and don't waste energy on illogical crap! At least you don't post insane links like your idol Midas.

Edited July 17, 2013 by siamamerican

[Naam]

"coup d'état" = sad but true! that's what my redneck friends forecasted in november 2008.

LOSER!!! Get a grip on reality. The world is just dandy and your redneck friends are, sadly, more in the know than yourself. Show us the humor and don't waste energy on illogical crap! At least you don't post insane links like your idol Midas.

crawled out of your dark corner? would you like me to post my last electricity bills for your comments?

"my idol Midas" = a good one!