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.

 

LIBOR

... the interbanking scam!

DIY car maintenance to help you save money

I remember the lines of bankers I had to deal with in the past which would criticise my business plan as to not being profitable enough; 25% or 30% margins were expected otherwise, why bother?! After this we all understand the motivations:

While some try to save money going DIY others use DIY in a much more profound way; it is criminal, but who cares in a world where all those foxes put themselves in charge of all those hen houses; they set their margins themselves; monopoly at its best; this cartel doesn't even need breakfast.
This breakfast refers to a so-called breakfast-cartel of the German light bulb industry where the main producers met one morning in April 1899 and agreed to raise prices by 10% - during that breakfast they agreed on who would say what, go first, follow up, etc. Of course, this was and is declared illegal, but how good are declarations when mainstream has those for lunch?

In above video Mr Booth, representing the Institute of Economic Affairs, is masterfully trying to not answer any question in detail which seems to be the goal of this IEA, while this perky Mr Reid speaks for the one and only ICFR, International Centre for Financial Regulation, the "... only independent, non-partisan organisation to be exclusively focused on best practice in all aspects of financial regulation internationally." as you can read here.

But then you should see the list of those independent Founder Members here. If you see UBS, Barclays, Her Majesty's Government or Morgan Stanley, etc. on that list you are not nuts! Calm down, you are just watching the scam having breakfast! Simon Johnson: The Market Has Spoken...

This does not leave me and my business plans with any hope. Banksters! I recommend you reading the interview with James K. Galbraith, March 2009, three years ago!!!

…as long as the old management is in place, there are no incentives to cooperate in the evaluation you need to make.

There was clearly a systematic failure. But that does not mean there was no criminal energy around.

When a bank is insolvent, the incentives for normal banking practice disappear. They become perverse.

WHEN  will we finally see things change? What a stupid question!


Carpe diem!

those were the times, ...

my friends, when we gave for children...

Now we give for banksters that speculate on hunger, decease and death.

Carpe diem

The Banksters' Planet

The network of corporate global control

an ETH, Zuerich, study

Abstract
The structure of the control network of transnational corporations affects global market competition
and financial stability. So far, only small national samples were studied and there was
no appropriate methodology to assess control globally. We present the first investigation of the
architecture of the international ownership network, along with the computation of the control
held by each global player. We find that transnational corporations form a giant bow-tie structure
and that a large portion of control flows to a small tightly-knit core of financial institutions.
This core can be seen as an economic “super-entity” that raises new important issues both for
researchers and policy makers.

We all knew it, we know it, we are taught that money makes the world go around. 143 companies control 40% of what you see above, these are the first 50:

Table S1: Top 50 control-holders. Shareholders are ranked by network control (according to the
threshold model, TM). Column indicate country, NACE industrial sector code, actor’s position in
the bow-tie sections, cumulative network control. Notice that NACE code starting with 65,66,67
belong to the financial sector.
Rank Economic actor name Country

1 BARCLAYS PLC GB
2 CAPITAL GROUP COMPANIES INC, THE US
3 FMR CORP US4 AXA FR
5 STATE STREET CORPORATION US
6 JPMORGAN CHASE & CO. US
7 LEGAL & GENERAL GROUP PLC GB
8 VANGUARD GROUP, INC., THE US
9 UBS AG CH
10 MERRILL LYNCH & CO., INC. US
11 WELLINGTON MANAGEMENT CO. L.L.P. US
12 DEUTSCHE BANK AG DE
13 FRANKLIN RESOURCES, INC. US
14 CREDIT SUISSE GROUP CH
15 WALTON ENTERPRISES LLC US
16 BANK OF NEW YORK MELLON CORP. US
17 NATIXIS FR
18 GOLDMAN SACHS GROUP, INC., THE US
19 T. ROWE PRICE GROUP, INC. US
20 LEGG MASON, INC. US
21 MORGAN STANLEY US
22 MITSUBISHI UFJ FINANCIAL GROUP, INC. JP
23 NORTHERN TRUST CORPORATION US
24 SOCIÉTÉ GÉNÉRALE FR
25 BANK OF AMERICA CORPORATION US
26 LLOYDS TSB GROUP PLC GB
27 INVESCO PLC GB
28 ALLIANZ SE DE
29 TIAA US
30 OLD MUTUAL PUBLIC LIMITED COMPANY GB
31 AVIVA PLC GB
32 SCHRODERS PLC GB
33 DODGE & COX US
34 LEHMAN BROTHERS HOLDINGS, INC. US
35 SUN LIFE FINANCIAL, INC. CA
36 STANDARD LIFE PLC GB
37 CNCE FR
38 NOMURA HOLDINGS, INC. JP
39 THE DEPOSITORY TRUST COMPANY US
40 MASSACHUSETTS MUTUAL LIFE INSUR. US
41 ING GROEP N.V. NL
42 BRANDES INVESTMENT PARTNERS, L.P. US
43 UNICREDITO ITALIANO SPA IT
44 DEPOSIT INSURANCE CORPORATION OF JP JP
45 VERENIGING AEGON NL
46 BNP PARIBAS FR
47 AFFILIATED MANAGERS GROUP, INC. US
48 RESONA HOLDINGS, INC. JP
49 CAPITAL GROUP INTERNATIONAL, INC. US
50 CHINA PETROCHEMICAL GROUP CO. CN

In green GB companies, in blue US co-operations; the land of the major rating agencies.

Any questions?

Carpe diem!