Greenspan - That took GUTS. THANKYOU!

[werz]

Hero here's a vid that explains why things have become so bad, it's been planned for decades, to change the industrial wealthy nations into debtor countries.
http://www.youtube.com/watch?v=4lUSsDfSG5M
See if you can watch it.

[herosrest]

It's all about percentages - the concept is 'Grow the pot' - the larger it is the more they make. Unfortunately these days, they smoke it as well.

Business, .....finance has no responsibility other than to its self and cares not one to55 beyond how much is left for them after the squeeze. Sublime conmen - at it for millenia.

There is nothing clever, up market, superior or worthwhile about these banking elites - they build cuckoo land for themselves and corrupt everything along the way. Scum - to be spat on!

[herosrest]

The idea.......... concept actually, for that is what it is,
that Banks, Finance and all of it to do with economics should be in the hands of private individuals
is to be lauded and held up on high for all to see - AS WHAT IT IS IN TRUTH.

A CON GAME BY CONMEN FOR CONMEN AND THEIR CONMEN.
People sitting on their bums all day running plays with numbers
and holding wealth greater than a good many decent sized countries.

Complete and utter INSANITY.

[j.m@talk]

Its all gone "Norks North" Cos of namby pamby southern softees nickin' tha Loot

I recon' we should come down from T' Ooooop North & kick some city trader posterior

Run fer the ferkin' hills Gyles...... It just means we'll be even more PO'd ..... When we gets yas acre, ya will gets a good ye olde fashioned "Dis Memberin'"

& we's puttin' yas wife Fiona' & Lil daughter Porsche on the game taz get back sum gelt...... We ain't fussed she's only 6

Office work is Tarts Jobs ..... Every un' knows that

Sig: JM on behalf of the North England Friendly Society

[herosrest]

It has much to do with whom they allow into the Gyms these days.......... build ups for that fantasy of the bigger desk and secretary that goes with it.
A muscle thing, and they are all between the ears.

[herosrest]

Greenspan Says That His Free-Market Ideology Was Flawed

Here's something that probably doesn't happen too often. Former Federal Reserve chairman
Alan Greenspan had a crappier day than you did.
He had to admit before our federal government that his free-market,
anti-regulation ideology was "flawed." Ouch.

From Bloomberg:

"Yes, I found a flaw,'' Greenspan said in response to grilling from the
House Committee on Oversight and Government Reform.
That is precisely the reason I was shocked because I'd been going
for 40 years or more with very considerable evidence that it was working

Today - Market crisis 'will happen again'

The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC.

"They [financial crises] are all different, but they have one fundamental source," he said.

"That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue."

Speaking a year after the collapse of US investment bank Lehman Brothers, which was followed by a worldwide financial crisis and global recession, Mr Greenspan described the behaviour as "human nature".

He said the current crisis was triggered by the trade in US sub-prime mortgages - home loans given to people with bad credit histories - but he added that any factor could have been the catalyst.

If it were not the problem of these toxic debts "something sooner or later would have emerged", Mr Greenspan said.

http://news.bbc.co.uk/1/hi/business/8244600.stm

This is quite evil. The problem was not low incomes reaching beyond their means, 'cheap' finance should be there for all and the means in place to assist and prevent problems occuring there. What has happened these last years is utter greed, uncontrolled, by financial institutions and it continues and the problem hasn't gone away.
Look at that smile of his, seem familiar at all.................. does it??



Mr. Greenspan, you are toxic! ....................Mr. Bubble

[werz]

However despite his belief in a brighter future, the former Fed chief did warn that the path to recovery should steer clear of protectionism as applying strict regulations could hamper recent developments that have opened up global trade.

That's right let the crooks do it again.
They need long prison sentences for these criminals and put the banking regulations back in place.
Obama is being bullied by Goldman Sachs, and the UK is in bad shape by the sound of it, time for a bit of tax increase on the top 10%.

[herosrest]

NEWS you knew but didn't really. ps... Mr. G says it WILL happen again.

How every household lost £31,000The huge dent to personal wealth last year has been calculated, for the first time, by the Halifax bank, exclusively for the BBC.

The biggest impact was from the sudden slump in house prices which led, according to government figures, to a 9% cut in the market value of all residential property, from £4,077bn to £3,693bn.

Taking into account the effect of a 3% rise in the value of the mortgage debts held by home buyers, to £1,225bn, then the nation's housing equity - the surplus of market value over existing mortgages - shrank by a massive 15% last year, down from £2,890bn to £2,468bn.

Meanwhile, the financial assets of households, such as the value of pension funds and investments, also dropped by 9%, to £3,687bn.

Last year, the stock of consumer credit loans that still had to be repaid - such as credit card debts, hire purchase agreements and bank loans - rose by 5%, to £234bn.

So the effect was that net financial wealth, as opposed to housing wealth, dropped by 10% in 2008 to £3,453bn.

Adding the housing equity of £2,468bn to the net financial wealth of £3,453bn produces a figure for net household wealth of £5,921, down by £815bn or 12% in just one year.

"It is a huge drop to happen in one year," says Martin Ellis, chief economist at the Halifax.

"But we have had the biggest house price fall yet seen in just one year, combined with a fall in equity prices," he adds.

In fact, if you think that last year's house price slump was the 17% fall measured by the Halifax's own index, then the overall fall in personal wealth amounted to a whopping £1,104bn.

People like Mr. Bubble argue property was overvalued. It wasn't, the people who finance it are! They got into trouble playing money games with zero's and rates of return they pay. Roi. RoE... etc... oooh. and bonus. Don't forget the bonus's.

This doesn't relate to tax increases to come, add that on as well.

[herosrest]

Have a laugh - here's how it all works........... http://www.sysopt.com/forum/showpost...86&postcount=9

[herosrest]

Numbers of people understand the following to be a truth.

In economics, the classical dichotomy is the division between the real side of the economy and the monetary side. According to the classical dichotomy, changes in monetary variables do not affect real values as output, employment, and the real interest rate. Money is therefore neutral in the sense that it cannot affect these real variables.

http://en.wikipedia.org/wiki/Classical_dichotomy it spills into economic theory.

Unfortunately these people run our economies, banks and financial institutions.



The last 10 years didn't really happen - it was a dream..............
.........................and the nightmare will start when you wake up. Or come of your meds.

[herosrest]

Numbers of people understand the following to be a truth. In economics, the classical dichotomy is the division between the real side of the economy and the monetary side. According to the classical dichotomy, changes in monetary variables do not affect real values as output, employment, and the real interest rate. Money is therefore neutral in the sense that it cannot affect these real variables. These people run our economies, banks and financial institutions.

Since it is now a vital pre-requisite of survival that real economies rather than monetary economies are boosted into real growth and ' changes in monetary variables do not affect real values as output, employment, and the real interest rate' - there is no reason NOT to adopt NEGATIVE INTEREST RATES, thus reducing capital and repayment debt on real loans.

A mirror transformation of rates plus to minus for 18 to 21 months, solves the underspend problem wrecking real business. The financial (monetary) economy is neutral in the sense that it cannot affect these real variables and will therefore benefit from the stimulation afforded the real economy from reduced capital debt and repayment.

A beautifully simple solution. Contact your nearest representatives today to ensure they actually understand economic theory and the neat painless way to fix finances. Ensure they are PRO plus to minus.

(+ 2 -) The way to get things done. NOW! The sensible fix.

Shrink, don't grow. Put the pain where it belongs.

[herosrest]

Democracy has an over-riding strength, if, every one decides they want (+ 2 -) and make that desire known.

Majority rules.

Those representing the majority will do as they are told.
Upset a banker to day... let them know how you really feel.

aaaaaaah! What a wonderful world. Oh yeah............ .

- CLICK -




The reality effect. $$$

[herosrest]

Put the 'us' back in Spenders.

[herosrest]

"The citizens of this country are understandably angry about the state of the banks," Lenihan told a special sitting of parliament. "(But) the public understands we cannot have economic recovery unless we replace our banking system." property prices would have to rise by less than 10 percent over the next ten years in order for the "bad bank" or National Asset Management Agency (NAMA) to break even.

If this sounds oh so simple, that's because it is. 30% discount??? whatever next............. 30% is on the mean side, prices still have a ways to go.. but 10 years............. ya canny lose, canny ya.
Neat simple idea.......... seaweed on toast, anyone? - Is it sham rock???


Just remember, in 10 years time - like, who all those lovely gains, belong to. hehe.

Pot of gold anyone.................. aaaaaah, hello little fellow.

[herosrest]

Paul Woolley is an unlikely revolutionary. With sober suit, silk tie and measured, thoughtful delivery, he looks and sounds like a retired City gent. Which is exactly what he also is. He was a banker with Barings years before that banks implosion and...

This was come on in, for an article that was worth the read at 'The Times', a UK paper of some note. The article link is here CLICK , but 404's.

His input and thinking seems to have had an influence upon Lord Turner here in UK, who is in midst of a high level fire storm at this time, being the front line review of corporate reward and remuneration. To expect the limo delivered, multi zero's of City and high finance to roll over or even suspect that they are anything other than gilt edged and should in truth be guilt edged is beyond reasonable hope. These are, at the end of each day, ordinary people, now with fangs bared. Lord Turner needs a li'l more clout, he is sorely abused at the moment.

Now, part of the furore stems from the content of the article and thinking of Paul Wooley, behind it all, he simply points out that the plethoric armies of grey and navy suited baggage dragged about at huge expense and tummy rubbed each year with massive bonus and market insight are really and simply, agents, very expensive middlemen who are fantastically rewarded for ........ who knows what at the end of the day. They look to their own interest and actually contort and manipulate markets to their own end which is self gratification, simply because they are there. Unsubstantiated assessment indicates that pensions paid, would be somewhere in the region of twice that currently made by the industry if these agents were not involved to their own ends.

The issue is far wider than the simple points the article focuses but valid, oh so valid in these days of returning to very expensive business as usual. Unless it is prevented, what happened during the last 4-5 years and brought utter havoc, continues and is up and running again. With ordinary people squeezed out and squeezed out of by these middlemen. If they vanish tomorrow, nothing will change and cost of the financial system nose dives dramatically benefitting everyone. The idea that money people are special is 'their' own idea. That does not make it true or worth the rewards currently earned. These people do not give in - they are the public school bullies, grown up.