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Toto deVeer

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Everything posted by Toto deVeer

  1. From an historical and cultural perspective, they are own some of the most valuable real estate on the planet. This, in my view, is what the creditors are after.
  2. Iceland was working on accession before the crisis. Accession now is a big question mark. The Euro in a year's time may not resemble at all the Euro that exists today. Yes the debts are still a problem, because of the involvement of the IMF (I've nothing good to say about them), not because the people voted for it; they in fact voted against it during April 2011. Hudson believes that these debts will be repudiated by Iceland, Greece and others, over the coming years, as by international law the banks will not be able to enforce them.
  3. I've got a solution: judging from the drop between 1914 and 1918, how about global trench warfare?
  4. Let the banks take the ratings agencies to the courts then. One only has to look at Iceland to judge whether the Greeks would be better off by repudiating their debt and leaving the Euro. Sure its going to be difficult at first, but compared to what they are facing under the EU for the next 20 years? I know what I would recommend.
  5. If not for the housing crunch, he would never have been discovered. But there's never just one:
  6. I think that the rousing applause at the end was the cleaning lady in the back... If it wasn't for YouTube no one would have any idea what was going on in the European Parliament., it would just be a big black hole..
  7. The history goes back a long way, perhaps starting with the Venetians, but my take is the system that we presently 'enjoy' was the brainchild of Mayer Rothschild and the Hanoverian Kings who arrived in the UK during the late 1700's/Early 1800's. From Germany it spread to the City of London, then to the USA in the early 1900's. Kuhn Loeb of New York, who financed the Russian revolution, were an arm of the Rothschild banking empire. But the Rothschilds married into the Sassoon family, of Baghdad, in the 1800's. The Sassoons were a major player in the international drugs trade in Asia, so there is probably some Asian aspect of this that I am not aware of. To me this is not a conspiracy, just a recognition by very wealthy persons that states could be made subservient to moneyed interests by the control of debt. The politics involved, be they communist, fascist or capitalist, are of no significance. It's all about who controls the debt.
  8. Ben Franklin wrote about it during the 1700's when he was learning the printing craft in London...how the workers drank so much in the pubs during lunch that they were pretty much useless in the afternoon...
  9. Another shocking development to me is that great principles that have been the foundation of a free civilization are being completely subverted, and the population seems to be completely oblivious. The first is the ongoing transfer of private debt to public debt. Ground zero was Ireland in 2008. This is a bankers dream; debt that can never be extinguished. I am not aware of this ever happening in history. The second is the subversion of the nation state to corporations. By law, corporations can only exist if nations permit them to. Thus it is clear that nation states occupy a superior position in law. However, the reverse principle is being established. A complete subversion of civilization, if you ask me. In the fog of the minute details, these basic principles are being destroyed. And no one even seems to be noticing.
  10. It's mainly the cheap booze in supermarkets and sleazy city centre nightclubs. Both contribute mightily to alcohol abuse and crime for younger generations.
  11. Maybe a better analogy regarding chains is different types of shares in a business? Same business, but shares have different values depending upon rights, shares issued, etc. So one market could be used for price discovery, but the chain would identify the 'type of share' so to speak. If bitcoin are to survive, this type of market will be required in the longer tern.
  12. Whist I see your point, Greece is not a corporation. Corporations and banks only exist because the state has granted them this privilege. Greece is a sovereign nation and by international law has an obligation to look after the best interests of its people. Those who lent to Greece are well of this fact and should have known the risks involved.
  13. Is monetization about issuing new equity? I thought it was about issuing more debt, with interest attached. If money = debt, it must be so, no?
  14. Surely some of this situation is also a result of competition, like the Japanese, Taiwan and Hong Kong?
  15. I was going to say that he seems a good businessman except he forgot the Tony Blair thing about hiding your remuneration behind a cleverly constructed private partnership. So that would get a grade U=unsatisfactory from the Tony Blair School of Advanced Business Studies.
  16. I'm not so sure. Strictly speaking, I don't think that deflation encourages hoarding any more than inflation encourages spending with regards to investment. There are many exceptions to this proposition. History illustrates that it is possible to have price deflation and have strong economic growth at the same time. Perhaps other factors related to the general uncertainty of the investment environment rather than deflation are more important. And banks don't like deflation, but that could actually be a good thing,
  17. So if another chain is started, would it be called something else, or would it still be a bitcoin? This does seem to be a weakness, but not one that couldn't be overcome. What you have described means that there would have to be a separate market for price discovery for each chain, no?
  18. Good point. The politics make no difference. Hitler received loans from the Bush family (the Bush's were also instrumental in setting up the Federal Reserve) and Trotsky was promised (and supplied I believe) 20 million dollars by Kuhn Loeb of New York. It's all about one thing, national enslavement by national debt.
  19. Thank you for this very useful review. I believe that Bitcoin is here to stay. To me the main issue is growing the market and spreading ownership widely enough to provide some stability of value. Provided that states/nations don't interfere, this could happen rather quickly.
  20. In the context of the video (the origin of the title of the thread) I got the impression that the presenter does not think that either the banks or the government are stupid. He argues that they are in fact working in tandem to enrich themselves at the expense of the people. I don't know if I would go that far but I agree with you that the banks are not stupid in the least.
  21. I suppose the aspect of this crisis that has shocked me the most is the utter disdain that governments all over the world are displaying for the people who have, in most cases, put them in power. If I'm not mistaken, the people of Iceland had to replace the Parliament 3 times before they would listen. Greece's Parliament seems to have no concern for the wishes of the people, and this could be said of the US too. I started to read about the history of banks and governments, especially about the US. The first hundred years of US history was really about the struggle between the banks and the people, a battle that ebbed and flowed. Jefferson managed to kill the one national bank, that when dissolved it was discovered that 18000 of 25000 shares were owned by foreigners, one of whom was thought to be King George. Madison abolished another national bank in 1811 which led to the war of 1812. Then Jackson narrowly defeated the the last of the national banks but even after this he had to replace his Treasury Secretary 3 times before he could find someone to carry out the dissolution. After Jackson, the US did not have a central bank from 1836 to 1913. Then the Federal Reserve came along, now owned by unknown, secret entities. So one has to wonder who is at fault here, and why the large international banks and central banks operate under such veils of secrecy and in such clandestine ways. After having read somewhat extensively on this subject one has to consider seriously that there are a few individuals in the world who want nothing more that to foist huge debts upon the nations in order to place them under control.
  22. I think a truly representative government would be more prudent, I agree. There just aren't many around.
  23. A bit harsh. My view is that those who lend the money are the risk experts, not the borrowers. So one has to wonder why the banks have been lending so much money in such risky circumstances, over and over again, for such low risk premiums, in many cases.
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