It reeks of storm!

Do you smell it?

I do not think I do: I really do. It rather stinks; it is going to be one of those storms described as perfect. Perfect because things are starting to fall into place that we expected to eventually fall but not all at once.

I could live with bad management, lousy and/or corrupt managers being punished like it finally seems to happen with RBS and HBOS’ so called former bosses. Whether in the end any of those heroes will ever really get punished - I doubt it. See the Libor scandal! What scandal you might ask? True: that law-breaking insolence is dealt with behind those thick curtains that protect today’s banksters’ offices from any light; just in case Deutsche Bank and others set up provisions, some hundred million Euro, measurements in return reducing their tax load and buying them off. But, that scam will end without further consequences except for them trying harder, next time.

That Offshore Leak might be a different story; for one there is not much about that in British media, yet * ; may be that is because there are many off-shore paradises, money wise in this case, that speak English, some very close, and many are somehow related to thee Queen, thee Commonwealth and thee City? Mind you, we are told it involved 170 countries and 120.000 letterbox-companies. Mind boggling that amount of data going back 30 years and as much as this needs to be dealt with ** – I am afraid this could be a financial and social tsunami. What if the Queen and the Camerons are part of this, or even Tony and George? What if Putin, Merkel, Hollande and Berlusconi plus Sarkozy needed to be arrested and put into the same jail cell? Well, guess somebody would notice and put Madame Merkel into the female block.

Watch the suicide and emigrant lists of those 170 countries … and do not believe a minute that any criminal or immoral aspect of all this will be put into any bankster's basket; evil to him who evil thinks and while all banks offer sophisticated off-shore services it is the stupid customer that gets caught, eventually.

Emigration will not really help anybody to avoid that global currency battle, now entering an unknown dimension with Japan going berserk. As a measurement of last resort they are printing vast, vast, vast sums of money – mind you, that’s hitting return after punching in 12 or 15 zeros behind a 1 or a two or actually any figure and that not only once but monthly from now on – fiat money the easiest way, ever - to buy back their own crap; recycling, snow-balling, ponzi-ing? Government bonds and then dump them in a bin, or the worst bank, if that’s the better name for it. That is the most daring monetary experiment of modern times as The Telegraph titled this flooding the market with YEN; the idea is to massively devalue the currency for exports (jobs!) to grow fast and furious, to force-inject inflation into what is a deflating economy and hope for nobody else following that pattern.

That’s hopeless, stupid! What BO and BSB do for the greenback in the US, why Merkel insists on a EURO agitated by the PIIGS’ and french stress to keep it soft, DC and GO want to do in the UK; strengthen UK exports by weakening the Pound or rather vice versa; woau! How much of that export strength is left? I believe proper schooling, training, apprenticeships worth the title, dual education plus on-going, extensive studies and education would do much better!  Want an example?

While discussing Passiv Haus Standard during this year’s ecobuild seminars and the installation of a MVHR, a mechanical ventilation system including heat recovery, UK experts explained coram publico that this would make things too complicated, too difficult a gadget for the average British tenant/owner to cope with.

Sorry? Hellooow!? Such a system includes a ventilator and a mechanical heat exchanger controlled by three or four buttons to press – basta.

Frightening; and insulting: why would the average middle-European be able to cope with that kind of high tech while the British … ? Or, this very likely is the early result of adding the word vitiosus to this circulus of cuts and savings into schools, training, education? Next step will be to forbid knife and fork endangering the hungry!

Apropos weak: how much does a weak Pound buy? We import more than 50% of our energy and, while you might like it cold, more than 50% of our food! Do you like strict diets? This year we might even have to import much more, or do you see UK potatoes growing with the coldest March on record?

Just for another record: in general terms importing means we have to pay in a foreign currency after swapping Pound into $, € or ¥ where, please note, the last stands for the YEN but also for the YUAN!

China is boosting its defence spending by almost 11% - this year! Obviously China has the funds, hardly any debts and something to prepare for or against? It is also growing its agriculture and pumping a lot of money into renewables. Funny, isn’t it? We are cutting any incentives, we are discussing silly bedroom taxes for the poorest and whether to install Casinos in Cyprus to save its economy, Merkel’s Euro and Schaeuble’s regime - while China prepares for its future. They might not value human life as high as we are rumoured to do, but then...

Well - the Euro! Really, I wanted to avoid that criminal rubbish; it is still alive; rather, it is not disconnected, yet, from life supporting but until lately utterly illegal instruments such as bad banks, bail-outs and bail-ins, and the on-going … here we are again: money printing.

A pity they cannot print jobs. Unemployment in the EU rates are soaring, even the official ones, the ones that lack continuity and belief:

Spain 26.3%, Portugal 17.5% Italy 11.6%, Greece 26.4%; that’s the overall one.

But our future even looks more difficult and much darker:

Spain 55.7%, Portugal 38.2%, Italy 37.8%, Greece 58.4%, France 26.2%; the official figures for those between 18 and 24 years old. Official! And what kind of jobs does the rest have? Low-paid ones, un-trained ones, picking tomatoes or serving beer to poor tourists? How many of them all have gone through any decent apprenticeship and can base their lives on the founds of a sustainable education?

Source: www.querschuesse.de

Shows unemployment of the 18-24 in countries…

Please see Greece, Griechenland!

30% when it entered EURO-Casino!

You could call it the Euro’s unemployment bomb - until it explodes; no wonder DC and GO think, why should they put any money and effort into a dying market of people needing training and education?

Guess what, at least car sales show some sympathy:

Spain minus 13.9%, France minus 16.4%, Austria minus 19.9%, Finland minus 58.6%, Germany minus 17.1, Netherlands minus 31.4, and in addition Japan minus 16.7, Brazil minus 4.7%. So, really, how long can we be happy and proud on headlines like UK car sale rise for 12^th consecutive month? And what is the base of this rise, how are they paid for, those cars, and how long do they or does this last?

Is it a coincidence that VW is creating new jobs, outside the EU?

It becomes apparent that Mr Neo and Mrs. Lib have not only allowed all those jobs to be exported to – mainly – China; any kind of job machine has been given up for nothing, for free. This is the third time I add this video… I think it should now read 2020, not 2030:

My respect, China. Age must help in becoming wiser.

While Gobi Dessert is growing steadily, 28% of Chinese landmass is dessert-like area, anyway, and China buying all kinds of land worldwide, we are all in for increasingly bad weathers; if you thought that cold lately would tell us Global Warming has had it then I would recommend to come to senses and title the problem Climate Change. And that’s what it is.

http://neven1.typepad.com/blog/

http://climatecrocks.com/

http://tamino.wordpress.com/

The rate of changes multiplied by the level of ignorance in solving any of our problems is unbelievable; we are presented with scientific results by crowds of scientists from all over the world, they describe the problems we face, we see and in many cases feel those; we do understand most of them but we are unwilling or incapable of addressing and solving them; or, even worse, we wilfully ignore them all for all kinds of stupid, bad and criminal reasons; that makes it easy for the storm to become that perfect storm.

I can smell it.

Carpe diem!

 

* … might be that they all need time; similar to the big fish on Cyprus when Putin took two days to decide whether he would support Cyprus or rather give his friends and soon-to-be-friends time to visit those London branches of the Cyprus banks to sort out their accounts just in time…

** ... we will see capital control mechanisms installed like we had them before 1985, no question.

 

Sudoku - but insolvent

Numbers and figures, everywhere...

source

A displacement activity is the result of two contradicting instincts in a particular situation. Birds, for example, may peck at grass when uncertain whether to attack or flee from an opponent; similarly, a human may scratch his or her head when they do not know which of two options to choose.
Displacement activities often involve actions to bring comfort such as scratching, drinking or feeding...

... or playing Sudoku; it suits the German Finance Minister Schaeuble, playing a game on numbers; the limitation to 9 digits might be helpful to understand Draghi's 10¹² figures.

  

And, when there are no more numbers to play with, George has the answer:

“The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.”

  source

It would be interesting to learn more about George Osborne's definition of "the money", "the investment" and "the jobs". I am afraid he would avoid the answer as would he want to tell us the truth he would have to say:

"We are now and finally entering the really bad years as we exported most of the labour and jobs; deliberately, but so cleverly and to such an extent where those countries now fortunately covering what were our jobs will unfortunately not come out with those again any time soon; we failed the investment into education and innovation, training, R&D, any infrastructure and, regrettably, the good money we stuffed into the bad banksters' throats created a snowballing system that we are now lethally hooked on. Yes, you too: private sector; we will have to declare this the biggest Ponzi game in the history of money, ever.

Awkwardly, I can only declare the game over once its over."

As so often good old China has the answer to it all. Here is a must read: some extracts of the letter "To the indebted nations of Europe", written by Huang Xiangyang, a senior writer with China Daily.

We want you to know that we are your friend in your time of need.
...
But that does not mean you should take China's help lightly.
...
To be frank, some of us don't understand why the rich are holding out their hands to the poor and asking for money. For common Chinese people, the wealth of your nations is unimaginable. The average monthly income of your citizens - at around $4,000 in countries such as Germany and Belgium - is 12 times that of the average Chinese citizen. The Chinese workers in the factories in coastal cities have to work 12 hours or longer each day with basically no days off, while workers in France enjoy two months of paid vacation, national holidays and regional festivals each year. If we can save 50 percent of our earnings, surely it should be possible for you to save just 1 percent of yours.
...
Perhaps now that China has shown its goodwill toward you with its chivalrous purchasing of European debts, we can expect some demonstration of goodwill from you. I think you should recognise China's market economy status as soon as possible. After all it is of no substantial significance. China is going to get the status anyway in a few years' time according to the World Trade Organisation rules. Good relations are all about reciprocity.

I hope everything goes fine with you.

Well, first, I congratulate Mr. Xiangyang for being able and allowed to explain our situation to us so clearly; this expresses China's openness and gives us a clear picture of where we are.

Alone, while I thank you for your frankness, Huang, none of our Misters Neo or Lib want to hear the truth; as the cow they hand-in-hand with their generous lobbies milk still fills their buckets it is business as usual. Some play Sudoku, probably helpful to delay Alzheimers; others declare their country for insolvent; both issues and persons have in common: no consequences.

I referred to the below video before... in October 2010; nobody is interested, most laugh but it is not funny:

The game goes on. While America is exploring new ways of not calling the emergency printing of green floods "QEx,-y,-z" the BoE still uses the old fashioned term of Quantitative Easing; yet, Mr. Draghi has made progress, he is much more innovative by digging out old, proven technologies that precisely explain the weapon's function:

Admitted: LTRO (Long-Term Refinancing Operations) sounds what it is but boring; so Draghi's "Dicke Bertha" (Big Bertha) is a much more loving expression and really, being made from pure hard German Krupp steel is a much more trustworthy operation: now totalling to +€1trillion, while facing enormous cuts else- and everywhere. No problem for Draghi's, in fact anybody's Bertha!

Whether you call it LTRO-1 or -2 or-n, Target2, Bad Bank, trash-buying-ECB or Eurobond it is all the same quantitative easing; while they desperately wish all those tricks of QE finally created inflation it is a nonstarter, a pop and no kick while banksters celebrate Christmas and Easter in one every time Draghi fires Thick Bertha; speculatively inflated costs meet deflated goods leading us further into depression. And all we do is watch, some hope, few try to discuss, most couldn't care less.

I might contact Mr. Draghi and explain to him what that "Dicke = thick = Big" in Big Bertha also translates into.

Carpe diem!


P.S. as much as I hate to come back to it: the EURO is history, it is writing its own oblong death's oath. For the Pound it would have been better to have ended in 2002; good memories are golden.

Red Herrings' Summit

"You have ten days to save the Euro"

 

That was the headline before last week's euro-saver-summit. And now? The magic bullet is to be an old hat called Fiscal Union and one more silver bullet was left to make David Cameron come across this brilliant idea of walking away from Europe in order to save his respectively the banksters' City?!

Great!

Fiscal discipline, the focus on strengthening competitiveness and penalties for those who are too deep in debts will actually have to sort out the Greek economy and that of all the other PIIGS and friends; together with iron German austerity concepts and French red but too short herrings this is the latest Wunderwaffe to save the Euro - in just ten days. Merkozy should write two thick books about it and use those to stand on; at least that will make them taller.

I bet Italian bonds will be creeping back up above 7%, the ECB will buy more bond crap and not call it Eurobonds and soon it will be very irrelevant how few diplomacy lectures DavidC ever had for breakfast at Oxford; and his teammate needed a day or two to understand the implications and now tries the splits.

It just makes very clear if you did not know before that none of those in charge of the problem have any plan to sort things out. Red herrings in dark waters.

Carpe diem!

the €-bomb

here in slow motion...

to understand why I have repeatedly claimed: the Euro is dead:

Querschuesse

The industrial output of Germany, France, Spain, Italy, Portugal and Greece - month by month since January 2000; a lot of growth in this gap with great potential.

Pure coincidence? It started slowly with the € coming in and it will only be stopped with the € going out. Any other result would see us witness Germany give away permanently e.g. Volkswagen to Greece, BMW plus a couple of its suppliers to Spain, a number of globally leading industrial members and Mercedes to Italy and even a pretty heavy load of successful German exporters to France - all for free just to even out the gap you see on the chart and rescue that marvelous European Single Currency. A really veritable European act of German heroism; the circle closes where Europa was an important and heroic gestalt in Greek mythology.

Now, what would we need to drink to believe in something like that? That's pure phantasy! Fellow Germans will think I am nuts; well, I won't dispute that, calm down. But, we all are watching the patient's mortal agony which the above chart suggests will end in a harsh finale of what was pure bloody nonsense in the first place.

While the € came in putatively friendly and smooth its explosion will rather feel rough and hostile. It will trigger protectionism and isolationism, it will toss Europe far back and make it totally depending on the rest of the world with the only exception being the USA; it will loose the fight to make its green paper the weakest currency. Welcome in the dark ages, boys and girls.

More debts and exchanging the figures in Italy, Greece or anywhere else will not alter the outcome.

And then: what about our beloved Pound?

Carpe diem!

In Pound we trust?!

Miserere!

Some more details on the UK economy that are worthwhile sharing and noting - you can't do much more than note and watch the further development as this economy is obviously run by intelligence that tells us every day they knew what they are doing. A specific proof you can watch here. But for inflation see here. For DC's new economy see here.

These graphs below show our strength in imports and dependency. And strong we are:

The above shows the monthly trade deficit of the UK, the next one the same in reference to food, only.

more; all graphs are in English ink! Querschuesse

Should you make out some kind of trend over the 30 years: don't worry!

Once the Euro is history not only logically (that's the case since 1998) but also in the reality of such intelligence that came up with that crap in the first place and their naive heirs like Merkel and Sarkozy we will have to bury the Pound instantly; that is it will need dumping over night!

Let us hope our intelligence will understand that this burial must happen in an instant manner not being dragged over weeks, months or years really. The latter would destroy the last remains of any kind of UK (export) economy we have and would see us people starve and/or freeze to death despite a global climate change: many!

miserere: [lat] have mercy!

Carpe diem!

daughter's heroine

I chose my mum to be my heroine because she is hardworking,
trustworthy and has to put up with me, my brothers and sister.

as seen in Charleston Academy; Inverness

Trustworthiness: would it not be nice to be able to rely on this virtue? The people of Japan did when they were told by their ingenious and omniscient politicians how brilliant their nuclear power technology, those highly trained managers and technicians were and how safe it all was and is:

TOKYO—Government officials failed to distribute to thousands of people pills that could have minimized radiation risks from the March nuclear accident, government documents show.
The disclosure is the latest evidence of government neglect of emergency procedures in the chaotic days after the disaster, in which an earthquake and tsunami damaged the Fukushima Daiichi nuclear plant.

WSJ ASIA: Japan officials failed to hand out Radiation Pills in Quake's Aftermath

Not even the most simple of all measurements they were capable of initialising. What ignorance, falsehood and stupidity? Failure across the board with no consequences for the failed.

Don't you expect the governments of Euroland to have any clue of what they started when they imposed the EURO upon us and even less when it comes to handle the current crisis out of which there is no way by inventing new dubious ways of accounting (for) ever more debts, every day. That's treating ill patients with more illness; or more debts with more cuts; or trying to safe a dying City from Financial Transaction Tax while betting on a deceasing currency watching what was to be a globalised world and celebrating that nonsense of "we are not part of it"!?

Glad to say: the basics never change; the escape into what is a young sister's and daughter's basic trust into her mum was and is the last resort. Parents: proud as can be; and responsible!

Carpe diem!


more:

Truth or Paranoia? Activists Claim Parts Of Tokyo Are More Radioactive Than Chernobyl

6 months into Japan's cleanup, radiation a major worry

in God we trust on knife's edge

arabianmoney: UK most indebted nation in the world reveals new study

It is not only a race for the weakest currency - to play along the praised export route while we trust in God; it also is a negative race towards who built up the biggest debts. And that is even less funny:

A new study from brokers Tullett Prebon called ‘Project Armageddon’ has established the true scale of borrowing in Britain which amounts to a truly staggering £5 trillion or $8.3 trillion.
...
Once pension fund liabilities and PFI contracts are included the total public debt is £2.46 trillion or 167 per cent of GDP. To that you have to add the £1.34 trillion in financial sector bailouts. The total public debt is therefore £3.6 trillion or 244 per cent of GDP or £135,000 per UK household.
...
Then there is £1.2 trillion in outstanding mortgage debt and £210 billion in unsecured mortgage credit. Together public and private sector debt amounts to £5 trillion, or 340 per cent of GDP.
...
‘Project Armageddon’ is actually pretty thin on predictions as to where this debt mountain will take the UK, apart from flagging up the inadequacies of current government policies, namely that they rely on the resumption of high rates of economic growth that are impossible with 70 per cent of the economy laden with debt.
...
You are left to draw your own conclusions about the merits of holding sterling-denominated assets with this sword of Damocles hanging over the economy. And the investment conclusion about the UK is surely don’t go there!

Of course, e.g. Germany's debts calculated on the same bases as above are also something like €8 to €10 trillion. But that makes the ice on which we all stand no thicker; the conclusion can hardly be leaning back watching Euroland implode or the Dollar's Greens grow over while hoping for the Pound's Phoenix-like recovery.

There is a huge risk, I bet it being only a fraction off from 100%, that with these currency turmoils happening the Pound will implode as well - that might be even a good point to get rid of those astronomical debts and restart the game, may be our only chance: so in the eve of these things happening I recommend to do anything possible to strengthen and support national economy and purchase power, attract and create jobs and - that is the most important point - invest big scale into all kinds of education and training very fast and very furious. Why not print money for all the before, now, instead for the moribund banksters and insolvent economies and their never-come-back-spirals? 

Cuts are definitely the wrong way forward and cosmetic corrections, only, at this point; it needs investment into our all future not cuts into old, rubbish balance sheets.

Our leaders are too beautiful, too young and far too much lobby- and shareholder value-oriented to understand the big picture; it is time that even the most ignorant should by now have grasped that there is no debt relief pill where debts are beyond r/belief.:

The Euro will implode and/or be something totally different, soon. The Pound no different! Shortly before that Big Ben will show an even bigger declination, the clock will be much longer and as it happened in all hard times before our hope and trust in God will be much bigger.

Carpe diem!