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  1. #31
    Ultimate Member herosrest's Avatar
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    Basel / Basle Switzerland's second-largest urban area is as an industrial centre bordering Germany and France. The city has the oldest university of the Swiss Confederation (1460). Switzerland is a self governing, unaligned nation of Central Europe.

    Basel Committee on Banking Supervision is an institution created by the central bank Governors of the Group of Ten nations . It was created in 1974 and meets regularly four times a year. The Committee usually meets at the Bank for International Settlements (BIS) in Basel, Switzerland, where its 12 member permanent Secretariat is located. formulates broad supervisory standards and guidelines and recommends statements of best practice in banking supervision (see bank regulation or Basel II Accord, for example) in the expectation that member authorities and other nations' authorities will take steps to implement them through their own national systems, whether in statutory form or otherwise. Therefore, when it gets screwed up as has happened recently, no one can blame these people, although they should actually be lined up against walls and hung by the ankles for 13 months. The BCBS is not a classical multilateral organization. It has no founding treaty, and it does not issue binding regulation. Rather, its main function is to act as an informal forum to find policy solutions and to promulgate standards. Chairman of the Committee is Nout Wellink, President of the Netherlands Bank. The IMF is collaborating with the Committee to improve bank regulation. It is possible hence to realise why and how the financial world these days if full of Double Dutch. See note #1

    The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." [1] It is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members. It also provides banking services, but only to central banks, or to international organizations like itself. Based in Basel, Switzerland, the BIS was established by the Hague agreements of 1930.

    Bank regulation - The capital requirement sets a framework on how banks must handle their capital in relation to their assets. Internationally, the Bank for International Settlements' Basel Committee on Banking Supervision influences each country's capital requirements. In 1988, the Committee decided to introduce a capital measurement system commonly referred to as the Basel Capital Accords. The latest capital adequacy framework is commonly k regulation. The objectives of bank regulation, and the emphasis, varies between jurisdiction. The most common objectives are:
    Prudential -- to reduce the level of risk bank creditors are exposed to (i.e. to protect depositors), Systemic risk reduction -- to reduce the risk of disruption resulting from adverse trading conditions for banks causing multiple or major bank failures, Avoid misuse of banks -- to reduce the risk of banks being used for criminal purposes, e.g. laundering the proceeds of crime, to protect banking confidentiality (why???), Credit allocation -- to direct credit to favored sectors

    The World Economic Forum (WEF) was founded in 1971 by Klaus M. Schwab, a business professor in Switzerland. See note #2 The Forum is funded by its 1000 member companies. The typical member company is a global enterprise with more than five billion dollars in turnover, although the latter can vary by industry and region. In addition, these enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. The Forum is headquartered in Cologny, Geneva, Switzerland. In 2006 the Forum opened regional offices in Beijing, China and New York, USA. It is impartial and not-for-profit and is not tied to any political, partisan or national interests. It has observer status with the United Nations Economic and Social Council and is under the supervision of the Swiss Federal Government. - click - Here is Klaus and a days work in pictures. Enjoy. Professor Schwab - is entering the history books having stated that 'the current situation was a perfect example of where banks could take the lead and devise a system of self-regulation,................' He is going to integrate us. I really can't wait - what joy he promises.

    Think Tools AG was a Swiss IT company that characterized the dot com bubble in Europe. The company was founded by the philosopher Albrecht von Müller as a consultancy company in 1993. The company developed tools for supporting corporate problem solving. Klaus Martin Schwab is a Swiss economist and businessman, best known as the president and founder of the World Economic Forum (DAVOS). Schwab participated in the controversial Swiss IT company Think Tools AG as its vice chairman of the advisory board and as a shareholder through World Communications Development. He resigned from the vice chairman post after the first controversies about the company emerged.

    "Are you looking for support in tool based reasoning to improve your decision making by using a powerful 'visual reasoning methodology'?Are you searching for ThinkTools Software? Mind Games... These people play mind games. What exactly is Doctor Scwabs doctorate in, Finance? Economics? Engineering? Politics? ....... answers on a self licking postage stamp to the moon, please. Geniuses with a superiority complex and software??? Very, very, expensive software!
    You all know Klaus - Right. He was Top Dawg at DaVoS.
    He will integrate US!





    Note 1. - China has increased its holding of gold by three-quarters to 1,054 tonnes since 2003, .
    - Click - China is now in the process of aquiring the entire 403 tonnes about to be put on sale by the International Monetary Fund.
    EXSPECT SOME SERIOUS FIREWORKS IN THIS MARKET.
    China's purchases will be significantly discounted for no good reason and gold is gold, a profit, a profit! How can geniuses be so DUMB!


    Note 2. -


    World Economic Forum Partnering against Corruption Initiative (PACI)
    Talk about taking the PI55!

    - UBS -
    - UB2 -
    - UB - DOO -
    LETS SPICE IT UP

    - AND - contemplate Stability theory.
    Which is currently under review at '3 Stable Mews'.
    Don't mention FASBi57......... shhhhhhh.... no one will realise what we did.
    Last edited by herosrest; 10-11-2009 at 10:19 AM.

  2. #32
    Ultimate Member herosrest's Avatar
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    There are a thousand reasons not to do this, they all start at the rear rear end of a dog and finish up back there a li'l lower down, covered in me55.

    Invest your lucre, via a proper bank and ask them to invest it with the government. It will earn interest. Your 'savings' are growing. Your 'savings' are an 'asset'. With your asset you can borrow money. The interest from your savings pays for your loan. Hey presto, you have doubled your money. The savings are as good as gold. Your borrowed money, makes you twice as rich and as long as you have a modicum of sense, really clever experienced financial experts will find countless ways to relieve you of it. That's ok though, you can't endanger the financial system 'cos the government can dig you out of the hole you get into with dodgy Hedge Funds because they have your savings, still earning interest as an insurance policy. They have also been able to use your investment with them to do the things governments do.

    This is a very simple leverage of funds. It is what business and banking is all about and really not a lot else. Difficult stuff, isn't it. Of course not, until the financial people get started sticking fingers up your bum. The things which are going on at the moment in global/National Finance are a disgrace of stupidity beyond any belief let alone logic. Stupid rules, by stupid people for the sake of stupidity.

    It really is as simple as outlined above, that easy and simple. Trust your governments with your money. They have proven yey again at all our expense that they can actually be trusted and can do a good job. Your first leverage is an insurance policy.
    Last edited by herosrest; 10-11-2009 at 11:00 AM.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  3. #33
    Ultimate Member herosrest's Avatar
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    Would you believe that............. taxes, tax rates would fall through the floor. Well, they would.

    Would you believe that interest rates stay low. Well they would.
    That means............... no inflation. That means your earnings are 'worth' saving.

    The first leverage - the only one that matters.

    Brought to you by the First Bank of Alpha Centuri. A real Star!
    Last edited by herosrest; 10-11-2009 at 11:21 AM.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  4. #34
    Ultimate Member herosrest's Avatar
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    Of course, not everything in the cupboard came off the top shelf, did it....... titter.

    So............. an amnesty, lifelong, guaranteed for perhaps 180 days might help sway minds.
    No questions asked, no raised eyebrows, no records. Bank it! You know you want to.



    One li'l thing to bear in mind.
    But that is life, everywhere!


    Bank of Alpha Centuri is Galactically regulated and Ferengi! free.
    We love your custom.
    Last edited by herosrest; 10-11-2009 at 11:44 AM.

  5. #35
    Ultimate Member herosrest's Avatar
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    The Thrift Bug. “U.S. consumers are cutting back, and where they are not cutting back, they are scaling down. This new cycle is all about “getting small” and it is deflationary.
    revenue shortages - "It's crazy. It's really just unbelievable," said Scott Pattison, executive director of the National Association of State Budget Officers, and called the states' revenue situations "close to unprecedented." Most states had been pessimistic in forecasting their tax revenues for the 2010 fiscal year, Pattison said. So far, collections have fallen below even those low targets. Lower tax revenues could lead to higher taxes or another sharp reduction in services if receipts do not show signs of improvement before year-end, as every state but Vermont is required by law to balance their budgets

    Below is the reason why even the richest are toughing down. I don't criticise those driving derivatives but an open global debate is a must have issue. This is because the Traders and their Trading have taken over. It is all happening the way it is, because of the Cheese 'SPREAD'. Yup, they take your cheese

    The business itself, the trades, is spread betting - one day someone 'Will' lose the planet! There is a pro lobby beyond those insane enough to make the trades, because banks are making $100+Bn pa profit. They won't stop or cut it back. Should they or does the bonus and profit justify the risk? Everyone, recently has learnt quite a bit about risk and here it is, unbridled. The Real Reason the Big Boys Don't Want Credit Default Swaps to Be Regulated Beyond the CDS and derivatives matter is a ROOT of the matter. What, precisely, in modern days, constitutes professionalism. I can't see it in banking, anywhere. Insanity is very difficult to spot these days, it is so very well dressed.

    Gambling is insane and ruins enterprise. It takes over. There is no win.
    Last edited by herosrest; 10-11-2009 at 02:14 PM.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  6. #36
    Ultimate Member herosrest's Avatar
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    Continuing on from above, pro's etc. gambling, risk....... here's an article worth a read. click

    Worth a skim, a view and opinion, some knowledge. What is interesting though is outside the box. US stops spending as General Wealth, that well known military figure toughs down spending with the thrift bug and everywhere there is less and less. This is what greed and gambling do, there is no humanity to it. I know its power, l was a victim. You cannot stop this thing short of dragging those hooked on it out onto the lawn and kneecapping them. It isn't about the money, it is an illness.

    America cuts back, stops spending, it's finished. Kiss investment goodbye and it will happen overnight. Bam. The lights went out.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  7. #37
    Ultimate Member herosrest's Avatar
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    Quote Originally Posted by herosrest View Post
    Not too many people can answer this question.
    What is the name of St. George's mount?


    St. George's mount?..... The Bonk of England.

  8. #38
    Ultimate Member herosrest's Avatar
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    Banking on Britain
    - click - Surprise - click -
    RFID swipe would take 6 months to do..... We are revolting!
    Last edited by herosrest; 10-11-2009 at 07:09 PM.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  9. #39
    Ultimate Member RockNRoll's Avatar
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    lol... nobody wants to reply to his posts... so he does...

    Seriously though... iPad... sounds sort of like a New Englander (specifically Massachusetts) saying "iPod".
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  10. #40
    Ultimate Member herosrest's Avatar
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    Hi, RnR.............

    Actually, 'tis pronounced
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  11. #41
    Ultimate Member herosrest's Avatar
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    Does the impressive advance in number crunching brought on by GPU's in financial analysis mean that we can actually 'see' our money. Split-second deals pose risk for market High-frequency trading (HFT), the split-second stock trading strategy that has exploded in popularity this year, could pose a risk to the market, according to a poll of industry participants. HFT, whereby shares can be bought or sold within a 2,000th of a second, has mushroomed during the past 18 months as traders seek to exploit improvements in technology. However, with high-frequency traders believed to account for more than half the activity on the New York Stock Exchange, there is concern that financial watchdogs have not properly assessed the effect that the strategy may have. An interactive poll of more than 100 high-frequency traders carried out last week on behalf of Thomson Reuters, the trading systems and financial data provider, found that 63 per cent of respondents believed that high-frequency trading could “potentially pose a risk to the market”. Twenty-seven per cent of those questioned said that HFT would “probably” pose a risk to the market, while 10 per cent went so far as to say that it would eventually be the cause of a market crash......

    Algorithmic Trading - Market making and high frequency trading -
    RISK" You ALREADY KNOW RISK, the price of reward! - Financial GPU'ing
    Quote Originally Posted by herosrest View Post
    Bloomberg Runs Bond Pricing on GPUs - Bloomberg has converted their bond pricing infrastructure and applications to utilize the power of GPUs. Every night, Bloomberg calculates 1.3 million hard-to-price asset-backed securities. These calculations, single-factor Stochastic models, were originally run on a Linux cluster. One of the core software architects suggested using GPUs to solve scalability issues. The core Stochastic models exhibited in their applications lend themselves well to parallel computing on GPUs. To compute everything within an eight-hour window, meant scaling 800 cores to 8,000 cores, about 1,000 servers. Rather than running on 1,000 traditional server nodes, a GPU cluster shrank to 48 server/gpu pairs achieving an 800% performance increase. What took sixteen hours is done in two. Power and cooling cost savings by migrating to a more consolidated architecture are considerable.
    BING BONG. "Will Dr. Heize please go to reception.
    Your girlfriend is waiting.."
    Kaufman Praises SEC Proposed Ban On Flash Orders, But Seeks Broad Review
    In a speech on the Senate floor, Sen. Ted Kaufman (D-DE) praised the SEC for its proposal to ban flash orders and for agreeing to undertake a broad review of high-tech trading practices.
    Kaufman is concerned that the SEC has approved a number of innovations such as dark pools, high frequency trading and collocation, in a piecemeal manner. Specifically, he cited the rise of high frequency trading — a phenomenon, which has been building for many years but allows buy and sell orders to trade in milliseconds. He also singled out the emergence of dark pools. Some trading firms' computer servers enjoy the advantage of onsite location at an exchange, a practice known as co-location." When exchanges began to allow traders to place their computers on-site for direct market access, the SEC did not require approval.
    [RIGHT]
    Quote Originally Posted by herosrest View Post

    A new architecture, codenamed "Fermi," incorporates a number of new features aimed at technical computing, including support for Error Correcting Code (ECC) memory and greatly enhanced double precision (DP) floating point performance. Those additions remove the two major limitations of current GPU architectures for the high performance computing realm, and position the new GPU as a true general-purpose floating point accelerator. Sumit Gupta, senior product manager for NVIDIA's Tesla GPU Computing Group, characterized the new architecture as "a dramatic step function for GPU computing." According to him, Fermi will be the basis of all NVIDIA's GPU offerings (Tesla, GeForce, Quadro, etc.) going forward, although the first products will not hit the streets until sometime next year.

    ...BNP Paribas, a French banking firm, is using a Tesla S1070 to compute equity pricing on the derivatives the company tracks. According to St&#233;phane Tyc, head of the company's Corporate and Investment Banking Division in the GECD Quantitative Research group, they were able to achieve the same performance as 500 CPU cores with just half a Tesla board (two GPUs). Better yet, the platform delivered a 100-fold increase in computations per watt compared to a CPU-only system. "We were actually surprised to get numbers of that magnitude," said Tyc. As of March, BNP Paribas had not deployed the system for live trading, but there are already plans in place to port more software...
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  12. #42
    Ultimate Member herosrest's Avatar
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    Gross Net



    An UpFront Insurance(First Leverage) works - Quite painlessly.
    It is Bi-polar, a subset, it fixes everything. It is scrupulous and caters for all.
    Finance, the way it was meant to be.
    Because - people are people! & do what they do.

    News Flash - The world economy shrank by 30&#37; in one business cycle that is not yet complete.
    That is like 30% of everything, everywhere since people invented money.
    Gone, in 2-3 years - ho hum!... it will be all right though, one day.
    What vapourised was inflation. It isn't coming back for a good long while, whatever way you try to turn it back on.
    Quote Originally Posted by herosrest View Post
    The Thrift Bug. “U.S. consumers are cutting back, and where they are not cutting back, they are scaling down. This new cycle is all about “getting small” and it is deflationary.
    revenue shortages - "It's crazy. It's really just unbelievable," said Scott Pattison, executive director of the National Association of State Budget Officers, and called the states' revenue situations "close to unprecedented." Most states had been pessimistic in forecasting their tax revenues for the 2010 fiscal year, Pattison said. So far, collections have fallen below even those low targets. Lower tax revenues could lead to higher taxes or another sharp reduction in services if receipts do not show signs of improvement before year-end, as every state but Vermont is required by law to balance their budgets

    Below is the reason why even the richest are toughing down. I don't criticise those driving derivatives but an open global debate is a must have issue. This is because the Traders and their Trading have taken over. It is all happening the way it is, because of the Cheese 'SPREAD'. Yup, they take your cheese

    The business itself, the trades, is spread betting - one day someone 'Will' lose the planet! There is a pro lobby beyond those insane enough to make the trades, because banks are making $100+Bn pa profit. They won't stop or cut it back. Should they or does the bonus and profit justify the risk? Everyone, recently has learnt quite a bit about risk and here it is, unbridled. The Real Reason the Big Boys Don't Want Credit Default Swaps to Be Regulated Beyond the CDS and derivatives matter is a ROOT of the matter. What, precisely, in modern days, constitutes professionalism. I can't see it in banking, anywhere. Insanity is very difficult to spot these days, it is so very well dressed.

    Gambling is insane and ruins enterprise. It takes over. There is no win.
    Quote Originally Posted by herosrest View Post
    Continuing on from above, pro's etc. gambling, risk....... here's an article worth a read. click

    Worth a skim, a view and opinion, some knowledge. What is interesting though is outside the box. US stops spending as General Wealth, that well known military figure toughs down spending with the thrift bug and everywhere there is less and less. This is what greed and gambling do, there is no humanity to it. I know its power, l was a victim. You cannot stop this thing short of dragging those hooked on it out onto the lawn and kneecapping them. It isn't about the money, it is an illness.

    America cuts back, stops spending, it's finished. Kiss investment goodbye and it will happen overnight. Bam. The lights went out.
    Quote Originally Posted by herosrest View Post
    Of course there is a flaw running through the entire concept. No one could be trusted to keep the original sum invested with Government. First tier Banks and their very handsomely paid senior officers can be so trusted however. (for a fee)

    That is actually what banking is about and why these people are entitled huge reward, when they get it right.
    So........... what should such a scheme be called?

    Well, how about the Special Deserve.


    Get back on your logs!

  13. #43
    Ultimate Member herosrest's Avatar
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    Click the twins above..

  14. #44
    Ultimate Member RockNRoll's Avatar
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    Sometimes I wonder if I would actually understand the logic behind your seemingly completely random posts if I actually read them...

    and lol @ iPood
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  15. #45
    Ultimate Member herosrest's Avatar
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    You would - they are 'THINK LINKS', different views, different thoughts - because "every one is"

    Very clever people, rise above and beyond - usually, the beyond part of the equation relates to 'REALITY'
    THEY FOX THE WORLD WITH ILLOGIC and arrogance.
    I have remarketed my best selling product COMMON SENSE as web free, funded by advertising.
    FREELY AVAILABLE HERE


    The point of it all
    Our masters are actually our servants.
    They will never tell you that & the beat goes on!
    You don't have to be a genius to be stupid but these days it really does help.

    Trade down to trade up,
    Style at the tip of your finger!

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    Shipping, shopping TODAY!

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