Ponzi's late revenge...

or David's long term plan?!

source

I was trying to find a photo showing David Cameron and Mario Draghi, possibly arm-in-arm; instead one jumped at me that shows Mr. Big Bertha and Mr. Soduku. There you go!

Mr. Big Bertha's LTRO programme, stage II, has even attracted UK banks, explicitly those owned by the tax payer: RBS at 84% and Lloyds anything from 43% to 77% depending who you ask and what you count; RBS has asked for £5bn and Lloyds for some £11bn out of this ECB QEx pot for Euroland banksters suffering from that lethal currency.

At 1% interest this is possibly big business for the UK tax payer; it might reinforce the tax payers' investment into those banks and it might make big profit; better not by investing that kind of money into credit crunched SMEs not only as the billions have to be repaid on February 26th, 2015, noontime. It might be much more lucrative to put it into the two tax payers' banks' investment departments, securing big boni and en passant making some tremendous margins in the casinos of wheat, rice, oil and gas; things that the masses need anyway and pretty much for sure... and if not, the, rather all losses are covered anyway.

So why did I want David and Mr. Big Bertha on one picture? Oh, yes, it could have underlined the stitch-up of David leaving that table in December only for Mario to drag him back by financing not only the Euro's insolvent Ponzi banks but also the ones owned by the British Government.

All it needs is a Big Bertha.


Carpe diem!

DC's concept for a foundation...

of a wise builder?



PM DC, 1:44 into the above video:

...I know that you can't see it or feel it right now. But think of it like this: the new economy we are building it is like building a house; the most important part is the part you can't see: the foundations. Slowly but surely we are laying solid foundations for a stronger future. And the vital point is this: if you don't stick with it it won't work.

A lot of can'ts, Mr. Prime Minister, but I like your metaphor: it is like building a house, isn't it:

²⁴ “Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. ²⁵ The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock. ²⁶ But everyone who hears these words of mine and does not put them into practice is like a foolish man who built his house on sand. ²⁷ The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash.”

That's Matthew 7:24-27, known as "The Wise and Foolish Builders".

Yes, the foundation is very important; yet, in your speech it remains unclear what shall be build on this solid foundation: is it going to be a traditional construction, then, what would be new?

We need to tell the truth... you say, so is this new economy on what you describe as a solid foundation going to be like a Passiv Haus? Future-proof, healthy, comfortable and affordable?

I doubt it facing such basic but untackled problems like deficits and unemployment while I miss the strengthening or in some cases even rebuilding of the basic elements such like education, tuition, training, manufacturing and rational R&D into what will be the true elements of our future as well as setting any new standards for what you tell me I can't see or feel right now, Mr. Cameron.

All I see is more cuts and more debts or the same vice versa, trying to save banks, banksters, governments and incapacitated politicians just to preserve what can't be sustainable; is this all and again related to tradition or where and when will we see or feel any kind of learning effect coming in that will take us all forward?

Carpe diem!

USA's AIG's AIA, part III...

... the end!

The deal is history! Pru's shareholders "went on strike"!

Now, as before, AIG could take AIA public; funny enough this would only make $12bn to $15bn the experts say - hopefully, that is.

So... what did I not get here: why did honorable Tidjane Thiam, Pru's boss, want to pay far more than twice as much? A payment of honor... to whom? How much?

See part I and part II, or the Telegraph and the Independent.

Carpe diem.

Oh Lord, won't you buy me ...

a Greek sack for free?

No, this bail-out package for Greece is not meant to heal Greek or any other nations' problems but is round two of the bank-bailout series where following the too-big-to-fail philosophy is the less worse of the bad choices - for the immediate moment and the financial system, the banks.

We all have to admit that the available options from sacking Greece to lending vast sums of third parties' new € debts to Greece seem of little attraction. Alone, whoever installed the EURO is responsible for these catastrophic choices we face today but were all warned off 10 and 12 years ago, already. So much for the competence of the politicians and the influence of the lobbies, then; and today?

Sacking Greece (and others) is the only way out; this path will also be hard, expensive and even disastrous, but at least it will be a decision with a defined reset date while trying to cover up the incompatibility of the EUROzone is not going to work at all; it will destroy the last remains of what once each were pretty strong European economies; the ongoing global fight for the weakest currency and the lowest costs is not going to help either.

"A long and hard disease causes certain death": I am sure this is also an old Chinese saying and very true.

Carpe diem.

gold-, leh- or mobsman

... banksters, what else?!

"Lehman's failure is a story in large part of fraud!"





More? Here Professor Black explains "controlled accounting fraud".






Carpe diem!