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Toto deVeer

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Everything posted by Toto deVeer

  1. The way I read the illustration, the trust would soon be completely bankrupt, unless the investor pays a lot of money into it - which defeats its purpose. Something is wrong there. Interest, fees, capital gains, etc are not understood by the artist, it seems.
  2. Looks like something the BOE could be proud of. Could churn a lot of Gilts this way... (PS. I don't think that the person who drew this chart up got it right - just does not make sense)
  3. Frozen lime daiquiri and a choice of Pecan or Key Lime Pie.
  4. This is an interesting point. I believe the US military already has 50%, and is to have 80% of the air fleet as semi-autonomous and autonomous unmanned drones in about 5 years. In ten years I have heard that they want the maintenance and supply systems to be robotic. The US Navy is doing something similar with the submarine fleet. These systems, like the UK's Taranis, will be programmed to identify their own targets - they will not need any external control. In this circumstance military power (and ultimate power) could be in the hands of a very few persons - those who have access to the buttons and controls. I find this prospect worrying.
  5. Grits, Pork Barbecue, Gumbo, Crawfish and Cornbread come to mind.
  6. Not so. Meet Baxter - who will work for $3.20/hour - doesn't need healthcare, or a pension, or holidays, or sick leave....
  7. The fx crosses can be stabilized provided that all central banks coordinate intervention - this has been the case since 2009. However the gloves have come off this year - lead by that Aso in Japan. This is the year when the currency wars (and perhaps other wars) will truly get underway. Mr. Market will return to supremacy once again.
  8. Mis-Selling == Fraud. Why don't the press call it what it really is: "Another Fraud Perpetrated by the Banks on their Customers"?
  9. Starbucks sucks. When I worked in New Orleans - there was a French creole breakfast bar that sold nothing but Coffee and Beignets. The coffee (and chicory) and hot milk was poured from pitchers, with unlimited top ups - and the beignets were hot from the oven - confectioners sugar would melt on them. Best coffee shop ever. Stopped there every morning on the way to work.
  10. Another sovereign wealth fund in the making. No need for worry. Zimbabwe can always fall back on their huge tax base.
  11. You are right. It's only depreciated by about 25%, not 30%.
  12. Sterling has already depreciated by about 30% against the dollar. Historically speaking, it could go another 30% or so at any time. Will that be enough to cause an interest rate rise? Anybody's guess.
  13. Not sure about this, but I believe that an LLP must publish their accounts. I suspect that they went with a joint and severable form of partnership for privacy purposes. Maybe there are some skeletons in the closet?
  14. Actually - there won't be enough energy to power all these robots. So a new employment for humans will be to eat - and then allow our energy to power the bots. The future of humans could be Jabba the Hut.
  15. Cloward Pivin ...Cloward and Piven "proposed to create a crisis in the current welfare system – by exploiting the gap between welfare law and practice – that would ultimately bring about its collapse and replace it with a system of guaranteed annual income. They hoped to accomplish this end by informing the poor of their rights to welfare assistance, encouraging them to apply for benefits and, in effect, overloading an already overburdened bureaucracy."...
  16. Shame they didn't elevate those panels so the ground could still be put to use.
  17. Good point. Expect a bounce every now and then in a bear market. BBC won't talk about this either.
  18. Clear evidence of climate change and its effect upon clean energy. AGW is the cause. Now stop denying it all of you. The argument is settled.
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