Archive for the ‘Currency’ Category

Findings & Forecasts 04/10/2013…

Posted on 2013 05, 03 by rockingjude
Image representing IBM as depicted in CrunchBase

Image via CrunchBase

Findings & Forecasts 04/10/2013

Economy

In his classic book Nine­teen Eighty-Four, George Orwell invented and per­fected the psy­cho­log­ical notion of “dou­ble­think.” That is, simul­ta­ne­ously believing two con­tra­dic­tory ideas or opin­ions. Orwell’s Min­istry of Truth building dis­played slo­gans like “War is Peace,” “Freedom is Slavery,” and “Igno­rance is Strength.”

“The power of holding two con­tra­dic­tory beliefs in one’s mind simul­ta­ne­ously, and accepting both of them… To tell delib­erate lies while gen­uinely believing in them, to forget any fact that has become incon­ve­nient, and then, when it becomes nec­es­sary again, to draw it back from oblivion for just as long as it is needed, to deny the exis­tence of objec­tive reality and all the while to take account of the reality which one denies – all this is indis­pens­ably nec­es­sary. Even in using the word dou­ble­think it is nec­es­sary to exer­cise dou­ble­think. For by using the word one admits that one is tam­pering with reality; by a fresh act of dou­ble­think one erases this knowl­edge; and so on indef­i­nitely, with the lie always one leap ahead of the truth.” (Orwell, George 1949. Nine­teen Eighty-Four;  p 32)

In America today, dou­ble­think is prac­ticed with fine pre­ci­sion at the national level. People who give up and drop out of the work force  become “unper­sons” and are not heard of or from again; but according to the gov­ern­ment, “the economy is fine and unem­ploy­ment is falling.” Con­tinued global mil­i­tary action is con­ducted in the name of “peace.” The onslaught of never-ending cit­izen sur­veil­lance is for our “safety and secu­rity.” Thought police mon­itor inten­tions, resulting in the destruc­tion of rep­u­ta­tions and liveli­hoods. The “Min­istry of Pro­pa­ganda” is never wrong and cit­i­zens are never right.

Orwell, H.G. Wells (Things to Come) and Aldous Huxley (Brave New World) all penned their respec­tive future­casts while looking straight into the face of the Amer­ican Tech­noc­racy move­ment. The move­ment as a move­ment failed soon after it started, but only because the tech­nology did not exist yet that could enforce and sus­tain their utopian dreams. Those dreamers – and their dreams – con­tinue to live on from gen­er­a­tion to gen­er­a­tion, encour­aged by gar­gan­tuan advances in technology.

How Aмеяiкa Is Evolving Into a Fascist State…

Posted on 2012 09, 30 by rockingjude

julesmanson.com

It is no measure of health to be well adjusted to a profoundly sick society.

 – Jiddu Krishnamurti (1895 – 1986)

Abstract I: Intent of this Article

With all the patriotic, good government, world beacon of freedom and democracy, and America is the greatest nation propaganda that Americans are indoctrinated with since childhood; most are hard-pressed to face the reality that the United States is now exhibiting striking attributes that it is sinking toward a closed fascist society. – Image courtesy of antemedius.com.

I need to stress three points about this article. Please recognize that it is an editorial and an analysis of current affairs. This means you will not see referenced citations for all points discussed because most facts are well established in the historical record and therefore not in dispute. However, plentiful links and embedded videos by credible and independent sources are provided that inspired some of the content and analysis.

The purpose of this article is not to repeat the facts and news stories of other texts and articles. The intent is to illustrate the true nature of the United States government by using freely available information to connect the dots in a way that may not have been considered before.

Abstract II: Defining Fascism

The new face of fascism isn’t necessarily white anymore. It may come in different flavors however it is still served in the similar cold dish of collectivism with the main course a government by the people for the government for the corporation. And, we the people always pick up the tab. Perhaps there is such a thing as a “free lunch,” for the very lucky few. – Image by unknown.

Secondly, what is fascism? Although I may have difficulty defining it I know it when I see it. However it is always best to begin with the dictionary definition to determine if it reflects what we are seeing today. Dictionary.com defines fascism as:

(sometimes initial capital letter) a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism.

This of course is the traditional meaning of fascism as racism does not play a key role in American fascism. Moreover, the dictator is not a single person but a group of elite or ruling class despots all working together for their own interests. For a thorough definition please visit the Wikipedia definition for fascism.

The primary element of any fascist state is collectivism. It places a higher value on the concerns of the group over the rights of the individual. Thus the needs or even life of any single human being or all people of any smaller group can be sacrificed for the greater good. However, this term is really just a misnomer because it is almost solely applied by those who drive public policy to serve their own hidden illicit agendas.

Thus American fascism is rooted in the trading of other people’s wealth and liberty by those in power in exchange for personal gain and it is done without the consent or knowledge of those being compromised. A paraphrase from the Gettysburg Address nicely packages democracy (and freedom) – a government by the people for the people. With traditional fascism we have a government by the people for the government. With contemporary American fascism government becomes a conduit for a third party – a government by the people for the government for the corporation.

Congressman Ron Paul (R-Tx) describes American fascism as soft fascism. This is also known as corporatism. This means fascism is a spectrum with the most extreme form being that of Benito Mussolini’s Italy, Hitler’s Germany, or Stalin’s Soviet Union.

To prove that the United States reflects many traits of traditional fascism this article will reveal how all people are manipulated with questionable principles to support public policies that are harmful to society; demonstrate how our elected leaders are eroding our civil rights; disclose how the government is managed by an elite class of despots through corporatism, other private interests such as labor unions, and because of foreign interests such as the Israel lobby (AIPAC) and European banks; and advance why democracy is very limited to anemic representation in Washington and other levels of government.

Others have taken a point by point approach and these also inspired my analysis. These are very good for a quick overview but they do not examine how the collective mind of the public is systematically shaped to support public policies that lean toward fascism.

It is dire to correct this before it becomes too deep otherwise just like Third Reich Germany, there is a possibility of history repeating itself and we may have reached a point of no return. I sincerely hope my analysis will motivate readers to take effective action whatever form that may take.

The following embedded video is of the whole interview of Ron Paul on NBC’s Meet The Press with Tim Russert. Before moving on it is important to note that most republics (states) now exhibit a sort of states-level soft fascism through labor unions who represent government workers.

Abstract III: Two Examples from History

Illuminati Convert To Islam Issues Warning …Let’s make this Even Steven…

Posted on 2012 07, 14 by rockingjude

Illuminati definition: 

Illuminati – the Illuminati is a secret orginazation of the most powerful and influential elite in the world. They go back for centuries and maintain the same bloodlines. They set up the council on foreign relations,the bilderberg group and the tri-laterial commission. Those 3 groups all meet to plan the fate of the world. They consists of international bankers,top government officials,leaders in the energy cartel and media monopoly owners and have control over the U.N. and Unesco. Their subdivisions reach into everyones daily life without most sheeple even being aware of it. They also have ties to the freemasons,skull and bones, and the knights templar.Their ultimate goal is for a one world government which they will control,also a one world currency, and they want control and ownership of all land, property, resources and people. Also they manipulate political parties,and the legal and illigal drug trade and federal agencies related to all matters listed above.

 Taken from urbandictionary.com       One needs to read about Zagami below this article~jude

By Henry Makow PhD
1-7-7

At the New Year, Leo Zagami, 36, has an urgent message.

The Illuminati plan to “Nazify” the West by the year 2012 and persecute all believers in God, using the pretext of war, terror and economic collapse.

The scion of an ancient Illuminati family, Zagami had a religious conversion (to Islam) last June and rebelled. He’d had enough of the horrifying Satanic, black magic rituals, mind control and torture that was going on inside the lodges, behind closed doors.

On Saturday he posted on his web site Illuminati Confessions ~[Website Taken Down]~jude

http://www.illuminaticonfessions.webfriend.it/#news1 names of high ranking Masons who are ready to do battle with the Satanists. He has organized his own security detail and even posted a personal phone number to answer serious questioners about his sincerity.

“These are the end times; it’s no joke,” Zagami says in an January 3 interview on his website.

“The cosmic alignment on the 21st of December 2012 gives you 6 years to prepare… So its about time you all wake up and fight for your right to stay free under one God before they take complete control and start persecuting the true believers in the one God. Get your swords and get ready to fight to defend your faith or perish. This is a war against Satan so please wake up in the western countries or you might wake up in a nightmare one morning in December 2012.”

“From 2010 you will start feeling the big changes in the air more and more but in 2012 you will have the clear evidence of the end of this civilization in front of your eyes.the total NAZIFICATION of the western countries by 2010 before the economic situation starts to badly crack for everyone. Then social tension will hit a peak never seen before and internal conflicts could eventually become in 2012: CIVIL WAR!”

“Are you ready to die for God and your believe in a positive change for the world or are you all a bunch of cowards in the hands of the devil, just talking and talking with no sense of reality?”

As an ex-member of the Comitato Esecutivo Massonico – Masonic Executive Committee (MEC) of Monte Carlo, Zagami was, until recently, a true insider, a 33rd degree Freemason, and a high-member of the infamous Freemasonic P2 (Propaganda 2) Lodge. He was the “prince”, prepared to take over from the older Illuminati “king”, Licio Gelli.

Time to Storm Obama and Washington D.C.?…

Posted on 2012 07, 14 by rockingjude

Condoleezza Rice: “It is time for all of us, in any way we can, to mobilize, get our act together, and storm Washington D.C.”

AuthorBy Sher Zieve  Friday, July 13, 2012

I am in extremely fine company. On 18 June 2012, I wrote in my column “Obama Dictatorship Now Overtly Lawless…Congress Largely Yawns”: “We have almost completely lost our country to the Marxist/Islamic ruler currently ensconced in OUR White House, folks.

It’s inordinately clear that Congress will do nothing. Only We-the-People can stop this. Isn’t it time for a REAL Million Patriot + march on Washington D.C.? If we don’t take back our country no one else will…no one. Obama and his illegal government are now completely criminal and, apparently, in total control of us all.”

Now recently, during a rousing speech given to donors at a Romney campaign event in Park City, Utah, former Secretary of State Condoleezza Rice said: “It is a narrative that is being pushed by our current president, that ‘I’m doing poorly because you’re doing well,’” she said. “That has never been the American narrative. Ours has never been a narrative of aggrievement and ours has never been a narrative of entitlement. It is time for all of us, in any way we can, to mobilize, get our act together, and storm Washington D.C.”

The Eurozone Crisis: What we should do?….

Posted on 2012 07, 13 by rockingjude

Posted on 13 July 2012 by Cameron Rae

We are in the midst of one of the most complex and potentially devastating economic crises in European history. Having been going on for over two years now, reading and writing about it seems a tired conquest; and yet, there is little else as economically important as the continuing saga of the Eurozone crises. Every new development provides a glimpse of a myriad of different futures – it’s political quantum mechanics.

The fall of Sarkozy proved to be a game-changing event, breaking up the Franco-German austerity alliance. It’s impacted Merkel’s ability to impose strict controls on failing economies seeking bailouts and has tipped the balance in favour of large, struggling powerhouses like Italy and Spain who favour austerity, but on their own terms. At times a Greek exit looks inevitable.

Chris Duane Interview: Physical Silver, Mass Hysteria, Power Grabs and Food Riots…

Posted on 2012 07, 13 by rockingjude

http://usawatchdog.com/ - Chris Duane was a 30 year old millionaire working at his family’s East coast car dealerships when he walked away from it all to become a citizen journalist. He sold his house in 2005 and started renting just before the real estate crash. He began warning anyone who would listen about the collapse and paradigm change coming to America. His YouTube channel - http://www.youtube.com/user/TruthNeverTold has gotten 3.5 million views-in less than a year! He says, “The collapse is going to unwind all social and financial contracts worldwide.” He tells people to, “Get out of every single paper asset you own because it’s all going to be worth nothing. . . . If you’re not ahead of the curve, you’re going to be historical road kill.” He also thinks sometime in the next three years, “the dollar will be completely worthless.” When that happens, Duane predicts, “mass hysteria, power grabs and food riots.” His number one investment is physical silver because it is in short supply and extremely undervalued. Greg Hunter of USAWatchdog.com goes One-on-One with Chris Duane.

Alternative Currencies Rise as the Eurozone Crisis Worsens…

Posted on 2012 07, 07 by rockingjude

The advantages of non-political innovations and cryptocurrencies

 | July 6, 2012

For weeks commentators have been discussing the possibility of Greece leaving the eurozone and how a return to the drachma might be facilitated. But when it comes to currency, the drachma is not Greece’s only option. If Greece does exit the eurozone an alternative currency could emerge or an already existing one could be adopted. In some parts of Greece social entrepreneurship, technology, and skepticism of politicians have already given rise to alternate trading mechanisms and created an environment where cyrptocurrencies could become increasingly popular.

As the euro crisis worsened many Greeks began hoarding euros, and more recently there have been small runs on banks. Spending on goods has gone down and prices have been rising. In the Greek city of Volos social entrepreneurship has resulted in a modest but inspiring solution to this trend. One Volos resident started TEM, an online bartering system that allows residents to purchase groceries and other goods in exchange for services while keeping their euros to pay the rent.

With a Greek exit form the eurozone a very real possibility such examples of social entrepreneurship may well become more and more common as the crisis deepens.

Greeks have contradictory opinions on the euro. While the overwhelming majority of Greeks want to stay in the eurozone, a majority of the Greek public is also strongly against the austerity measures required in the bailout agreement. George Zarkadakis, a Greek novelist, journalist, and entrepreneur, explained the political paralysis in Greece to Reason. “The Greek idiocy was that nobody wants to reform,” he says. “Greece is a state-controlled economy, the Greek political class wants to rescue their civil service and nothing has been done in the past two years.”

The euro crisis provides an example of the kinds of situations where competitive currencies might prove useful. Modern technology has only made the development of these “currencies” easier and in many ways more desirable. Safe from the level of regulation suffered by government-issued money, cryptocurrencies are more flexible and convenient for purchases and sales.

The most prominent of these cryptocurrencies is bitcoin. Bitcoin frees those who use it from political uncertainty, fiat policies, and is less affected by international money markets than traditional currencies. Isolated from the political environment in Europe, bitcoin offers Europeans a viable alternative to the euro and to a return to traditional currencies. There have been reports of more Europeans using bitcoin as their confidence in political solutions diminishes.

(Article continues below video “Bitcoin and the End of State-Controlled Money.”)

Both TEM and bitcoin offer some welcome relief from the current situation in Europe. There is no government interference (yet) and transactions are free.

This is not to say that there are not concerns over bitcoin. George Selgin, professor of economics at the Terry College of Business at the University of Georgia, points out that bitcoin breaks the dichotomy of fiat vs. commodity money proposed by the pioneering Austrian economist Carl Menger. Selgin calls bitcoin a “quasi-commodity system” and argues that it is not money. Bitcoin is not widely used for transactions, and according to Selgin the euro crisis is not serious enough for bitcoin (or something similar) to spontaneously emerge with any degree of influence. Even in the Weimar Republic Germans resorted to using already existing currencies like the British Pound rather than creating a new currency. For Selgin the unorthodox status of bitcoin, the lack of historical precedent, and its mono-linguistic culture makes a mainstream bitcoin emergence in Europe unlikely.

THE OBAMA DERECHO…

Posted on 2012 07, 07 by rockingjude

THE OBAMA DERECHO

COLUMN: THE DAMAGE FROM OBAMA WILL BE LASTING

 

AP

AP

BY:  - 

Safe to say most Washingtonians had never heard of a “derecho” before June 29, when one of these speedy and destructive windstorms ploughed through the capital, leaving behind dead bodies and battered homes and more than a million households without power. Now the storm is over, and one can expect this obscure meteorological term to pass just as swiftly into everyday speech. Exotic, vaguely menacing, and evoking senseless, abrupt calamity, “derecho” is an especially apt description of America in the age of Obama.

Like the homeowners in Fairfax County, Va., picking up felled tree branches and putting in insurance claims, Americans across the country are still recovering from the Obama derecho that struck the nation from 2009 to 2010. The damage from that whirlwind has been ugly. The cost has been enormous. And another one may form at any moment.

A spectacular confluence of events swept Obama into office. Seven years of war,almost a year of recession, and seven weeks of financial crisis pulled down the incumbent president’s approval rating on Election Day 2008 to an atrocious 25 percent. Obama’s opponent was a war hero and a courageous statesman who nevertheless seemed rather anachronistic, not to mention confused at the bewildering and frightening economic situation.

Obama, on the other hand, had a smooth and graceful and likeable character that appealed to America’s best hopes and dreams of racial and partisan conciliation. His running mate was a dolt, but a familiar one. They promised a new tone in Washington, sound economic management, lower health care premiums, cutting the federal deficit in half, and an end to the war in Iraq. This was the winning ticket, 53 percent to 46 percent.

The economy worsened after Obama’s election. Unemployment spiked. The government took over the financial system, nationalized mortgage giants Fannie Mae and Freddie Mac, consumed AIGdrew closer to buying GM and Chrysler, and drastically expanded the monetary base to prevent credit from dissolving further.

The economic and legal and political arrangements that had led to two decades of expansion were being re-written hastily and unthinkingly. A deluge of taxes and spending and regulations was let loose, with the stated aim of transforming the base of a system that had produced the most prosperous civilization in history. It turned out that when Obama spoke of putting America on “a new foundation,” he meant it.

HSBC Sells Stakes in Two Indian Banks…hmmmmm

Posted on 2012 06, 28 by rockingjude


 

BY RAGHAVENDRA UPADHYAYA, ASHUTOSH JOSHI AND KENAN MACHADO

MUMBAI — A unit of U.K.’s HSBC Holdings PLC sold stakes in two Indian banks on Thursday for around $425 million, the bank said.

The bank sold a 4.73% stake in India’s third-largest non-government bank Axis Bank Ltd. for around $329 million, and a 4.74% investment in the smaller Yes Bank Ltd. for around $96 million. HSBC described these sales as the disposal of “non-core investments,” in its statement. HSBC currently runs a bank and offers other financial services in India. “India remains a priority market for HSBC,” its statement said.

The Axis and Yes Bank stakes were owned by HSBC Iris Investments (Mauritius) Ltd., an indirect wholly-owned subsidiary of HSBC Holdings. HSBC’s sale is the latest of several deals this year where foreign investors have cashed in on their investments made in Indian lenders over the last decade.

These sales are designed to help the foreign companies raise funds for meeting capital needs back home, or simply to book profits and invest the money in attractive markets elsewhere, say market experts.

“This is basically an asset reshuffle, given the overall macroeconomic environment in both India and in Europe,” said Shiraz Bugwadia, managing director at o3 Capital Advisors Pvt., a Mumbai based investment bank.

In February, Citigroup Inc. sold its entire stake in Indian mortgage lender Housing Development Finance Corp. for $1.9 billion, in a move said to help the banking giant meet U.S. capital requirements. In the same month, Temasek Holdings Pte. Ltd., a Singaporean state investment company, sold 15.93 million shares of ICICI Bank Ltd. for $299.6 million, according to stock exchange data. In March, private equity firm U.S. Warburg Pincus LLC sold a 3.6% stake in India’s Kotak Mahindra Bank Ltd, for around $274 million.

HSBC had bought stakes in the Indian banks over the last several years, in order to participate in the growth of India’s financial sector.

In December 2003, it agreed to buy a 14.71% stake in UTI Bank Ltd. – which later became Axis Bank – from private equity firm CDC Financial Services (Mauritius) Ltd., and the South Asia Regional Fund, for around $66.42 million. At the time, it also agreed to make an open offer to UTI Bank’s shareholders to buy at least an additional 20% of UTI Bank for $1.95 per share, according to a statement issued then.

Despite Thursday’s stake sale, HSBC continues to own a part of Axis Bank. As of March 31, it held another 4.4% in Axis Bank via Cinnamon Capital Ltd., according to stock exchange data.

HSBC bought its stake in Yes Bank through open market purchases between January and March 2008.

Representatives of Axis Bank and Yes Bank declined to comment.

Shares of both banks fell on the Indian stock exchanges. Axis Bank shares fell 3% to close at 971 rupees or $17, and Yes Bank fell 0.73% to close at 332.20 rupees or $5.8.

Write to Ashutosh Joshi at ashutosh.joshi@dowjones.com

Finance Executives: Tax Us Before We Kill Again!…DO WHAT????

Posted on 2012 06, 25 by rockingjude

Financial Transaction TaxThe Huffington Post  |  By  Posted: 06/25/2012 12:25 pm Updated: 06/25/2012 12:42 pm

ATHENS, GREECE — The prime minister’s office says Greece’s designated finance minister, who was rushed to hospital on Friday, has resigned.

Vassilis Rapanos, chairman of the National Bank of Greece, had been named finance minister last week in the country’s new three-party coalition government. But he was taken ill before he could be sworn in Friday and has been in hospital ever since.

The prime minister’s office say Rapanos has sent a letter of resignation to Prime Minister Antonis Samaras and that his resignation has been accepted.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

Greece’s new prime minister was released from hospital Monday, two days after undergoing eye surgery that will prevent him from traveling to a European Union summit in Brussels this week.

The Brussels meeting comes just a week after Greece’s new coalition government was formed following months of political turmoil and two inconclusive national elections. It was to have been a key test of Greece’s hopes of renegotiating some of the austerity measures taken in return for its international bailout, under which it has received billions of euros in rescue loans from the International Monetary Fund and other European Union countries that use the euro.

The country’s incoming finance minister, meanwhile, remains hospitalized after collapsing last week, before he could be sworn in. The ill-health that struck the top echelons of the country’s new government forced the postponement of a visit to Athens by the country’s international debt inspectors, known as the Troika – representatives from the European Commission, the European Central Bank and the IMF.

German Chancellor Angela Merkel’s spokesman, Steffen Seibert, said that because the Troika needs to first travel to Athens to determine where things stand with Greece’s reform program and then inform the EU, it would be premature to expect any new decisions at the June 28-29 summit.

“That’s why we don’t expect any sort of a resolution at the EU council on Greece,” he said.


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