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Ultimate Member
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
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Ultimate Member
Volcker: Ban Bank-Sponsored Hedge Funds
Paul Volcker spoke Friday at the Center on Capitalism and Society at New York's Columbia University. Volcker, who chairs President Obama's Economic Recovery Advisory Board, believes that the current downturn is a transformational event, especially for the financial services industry that he believes long ago left behind a "relationship" model in favor of a transaction model of lending and securitization that has helped to cause the current downturn. Volcker sees a return to older models in the future and would forbid banks from sponsoring hedge funds and would regulate bank proprietary trading desks.
Volcker is also one of the few economic thinkers out there who is not enchanted by the idea of this being a "Black Swan," or a once-in-100-years event: "The financial world follows a normal distribution pattern. If you think that you're a financial engineer, you're not a very good financial analyst."He concludes with a call for international agreement on accounting standards and regulations but stops short of suggesting that there should be a transnational financial regulator.
Volcker's complete remarks are at the link above and enlightening. Volcker chairs President Obama's Economic Recovery Advisory Board
Volcker video. God help us!
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If there was a transnational financial regulator, some countries would come out of it very badly.
We expect third world countries that overspend, to change their way's if they want an IMF loan.
Now it's our turn, and the criminals in control of our economies are far bigger crooks than their African counterparts.
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Ultimate Member
The under 'lie' ing issue is one of disclosure.
If an individual or business is avoiding tax disclosure the presumption now must be guilt. For what other reason is there, other than breaking laws. A generous or even neutral tax stance is worthwhile in order simply to bee able to measure and understand what is occuring. Those with nothing to hide have nothing to fear... how often is that argument trotted out. It's quite true though and i'm sick and tired of these supercilious two faced tax dodgers who wouldn't let better melt in their mouth. It really, really is time to get heavily penal with a few high profile tax dodgers and international con men. Just to cheer every one up if for no other reason. Throw away a few keys.
Tax-dodgers lost their fortunes with schmucks like Madoff - who ripped them off by telling them he was scamming and now they expect to be bailed out. It may well turn out that - if - it actually was a simple Ponzi HaHa! - then the investors are actually the criminals.......... they got the other investors money and must give it back. 
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Ultimate Member
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In a global Market, there need to be Global Controls.
That does not mean a Financial Policeman on every corner and climate of fear.
Government and administration simply need to KNOW in measured terms what is going on and what is going where.
Simple argument isn't it - until you run into these clever 'asred' children who need to sneak everything 'cos' they never grew up.
There are a bunch of idiots rolling around business finance with heads high and reputation intact for the cods wallop they have brought about.
l can't believe they get away with this bullying but that's life.
Governments need a simple, reliable, robust means of keeping an eye on what occurs.
Not the Gestapo just diligent awareness.
AND some common sense, reliable, rock solid accounting rules.
Not the MumboJumbo which occurs now.
People who do not want that control are or plan to break the law. It's very simple logic.
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With serious opportunity that a world, or certainly, Euporean centre of Trading Excellence, Record and Measurement will come to fruition.
There is perhaps no finer location for such a wonder than the English Heritage Trusted site of the Star Fort at Tilbury on the River Thames near London.
 . . . . . . . 
It will never be acceptable, for significant and good reason to regulate markets to universal satisfaction.
Self Regulation is an effective and workable practise which will mature.
It is Prime significance that Government and administrations know and understand the transfer and distribution of funds. That concept cannot be dismissed.
Individuals or Business avoiding tax or disclosure should be presumed in 'guilt'  .
For what other reason is there to avoid disclosure, other than breaking laws. A generous or even neutral tax stance is worthwhile in order simply to measure and understand what is occuring. Those with nothing to hide have nothing to fear... how often is that argument trotted out. It's quite true though
Quote - "So now you're trying to understand. You're reading sections of the newspaper you've never read before. You're tuning in to the business shows on the cable channels. You're trying -- too late, of course -- to educate yourself. Not to be an expert, but just to comprehend some piece of what's happening to you and to everyone you care about. To protect yourself the next time around. To be a little less willing to go along for the ride. You're only partway there, but you've already started learning things. You've learned that the ones who knew, didn't know. They didn't know back when it was good, and now that it's not good -- now that gravity has reasserted itself -- they still don't know. Nobody knows. And that may be the scariest part of all." - Rick Horowitz
ALL FINANCIAL TRADING - MUST BEGIN WITH A TRANSACTION TAX.
YUP - NOTHING, NADA OCCURS UNLESS THE FIRST STEP IS A REGISTRATION ADVISING TRADING. THE FEE CAN BE 1C OR 1P. THE TAX TAKE IS NOT THE ISSUE
ALL TRANSACTIONS AND MOVEMENT OF FUNDS MUST BE MEASURED FOR ANALYSIS.
NO EXEMPTION's - A HANGING OFFENCE!
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
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Ultimate Member
Something along the lines outlined above could be knocked together in principle, very quickly in the current climate. The are no real factions or issues to polarise matters.
Just muzzle the self Regulators until they are told how it will be, a principle arrangement can exist within weeks - worldwide. Oh wouldn't that be good news and a load off a lot of peoples minds. Looking forward with a firm grip on tomorrow.
Implementation outsourced and told get on with it - deadline was yesterday.
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Ultimate Member
How Many Countries In The World?
Now that is a question that's somewhat difficult to answer, as there is no one right answer.
Many sources offer different answers, and depending on the source,
there are 189, 191, 192, 193, 194 or 195 independent countries in the world today.
As of May 1, 2008, the United Nations has 192 members (including Montenegro and Serbia - the two newest nations).
That number does not include the Vatican.
So, a 200 floor tower should cope, 1 floor per nation.
Alphabetical order? Who gets Top Floor......... Why the host of course.
 
The SHOVEL will dig you a hole or build you a fortune.
 A Joly Roger would be lovely up on top of there!
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Ultimate Member
http://www.myoffshoreaccounts.com/en...battle-for-new
News Analysis: Sarasin wins the battle for new money
Wealth - Bulletin - Sarasin appears to be one of the biggest Swiss beneficiaries of money flows into its private bank during the credit crunch as the release of its annual results today testify. Net new money brought in by the Basel-based wealth manager actually accelerated in the second half of last year from the first half, despite the wealthy dumping debt as fast as they could after the Lehman Brothers collapse in October and feeling a lot poorer ever since. Sarasin reported SFr7.3bn flowing into the bank in the second half, compared with SFr7.2bn in the first half. The overall figure for last year is also up 30% on the 2007 level – a year when the wealthy were making record levels of money. The second half new money figure is even more impressive given that the first half number was inflated by the transfer of assets by AIG Private Bank into Bank Zweiplus, a Bank Sarasin subsidiary. The continuing commitment to hire is underpinning the rise, with Sarasin recruiting 122 relationship managers – pretty much one new recruit every three days – during 2008. Sarasin position looks even rosier when compared with the inflows being reported by its competitors. Earlier this week EFG International said it brought in SFr18.2bn of new money last year – but most of this was vacuumed up in the first half, with less than SFr5bn coming in during the second part of the year. Much bigger competitors like Credit Suisse saw deleveraging effects slow inflows to just SFr2bn in the last quarter of last year.And then there was the SFr54bn outflow from UBS in the last quarter of 2008 – with presumably Sarasin being a big beneficiary of this fleeing money.
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Ultimate Member
Suspend Mark-To-Market Now! Newt Gingrich 09.29.08, 6:05 PM ET
QUOTE "It is true that the root of this crisis is bad mortgage loans, but probably 70% of the real crisis that we face today is caused by mark-to-market accounting in an illiquid market. What's most fascinating is that the Treasury is selling its plan as a way to put a bottom in mortgage pool prices, tipping its hat to the problem of mark-to-market accounting without acknowledging it. It is a real shame that there is so little discussion of this reality." (Emphasis added.)
If regulators on their own--or Congress, if regulators fail to use their discretion--can fix 70% of the financial crisis by changing the mark-to-market accounting rule, we should change the rule first before attempting to pass another reevaluated bailout package.
"Mark-to-Market" Accounting and the Origins of the Financial Crisis: Mark-to-market accounting (also known as "fair value" accounting) means that companies must value the assets on their balance sheets based on the latest market indicators of the price that those assets could be sold for immediately. Under such a rule, declining housing prices don't just reduce the value of defaulting mortgages. They reduce the value of all mortgages and all mortgage-related securities because the housing collateral protecting them is worth less.
Moreover, when a company in financial distress begins fire sales of its assets to raise capital to meet regulatory requirements, the market-bottom prices it sells out for become the new standard for the valuation of all similar securities held by other companies under mark-to-market. This has begun a downward death spiral for financial companies large and small.
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Ultimate Member
Last edited by herosrest; 03-01-2009 at 08:07 PM.
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Ultimate Member
In the world of American government, the trillion is the new billion. There was a time when only astro-physicists and accountants practising in Zimbabwe had any use for a word which - in the US at least - means a million millions
The US economy has suffered a sharp nosedive. Plunging exports and the biggest fall in consumer spending in 28 years has meant that the decline was much worse than analysts had expected. Kevin Connolly in the US looks at why we are now talking trillions as well as billions.
we are still in the process of adjusting to a frightening order of magnitude.
APRIL YEAR END BUSINESS ACCOUNTING SHOULD FINISH IT ALL OFF, RATHER NICELY.
Last edited by herosrest; 03-02-2009 at 07:03 AM.
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Ultimate Member
From worst to nightmare guestimates of the size of the derivatives market - it is huge. Far too major a revenue stream to be ignored by taxation. Contracts should be taxed at offer acceptance. Taxed as GAMING and thorough record held of premium and risk. The existing pot of derivates in all form are due a lovely little windfall swipe - that is oh! so fair for the havoc wrought upon Government Finances. The pleasant sort of problem Finance ministers adore. There is after all, plenty to go around. 516 Trillion of committment by one guesstimate. Though, these guys Kitco just might know.______Interesting article on forecasting Economic deviation.
チャ “We’ve never given anybody sufficient teeth that their views are treated seriously, that people have to act when those warnings are given,” U.K. Prime Minister Gordon Brown said last month.
チャ IMF Managing Director Dominique Strauss-Kahn says he’s working on a “new type of early warning system” to offer a heads-up about future crises.
チャ “The financial system is the nervous system of the world economy,” Richard Olsen says. “We need a way to tell when that system is in trouble. In this day and age, it’s crazy that we don’t.”
チャ Michael Stumm, is at the center of an effort to democratize currency markets and, perhaps, save capitalism as we know it.
While that’s all well and good, Stumm and Olsen may have a more tangible strategy in mind based less on financial models than science.
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Here's one of those totally daft idea's l often confuse people with.
Trading Excellence, Record and Measurement System
Despite the avalanche of transactions which take place today , they occur electronically. It is no problem at all, what so ever, to introduce a registration and library of transactions. No registration of the transaction, no legal status. Very simple, very straight forward. A small fee and all swims along in very orderly fashion.Traders and dealers self regulate, there is understanding and trust. If an entity wishes to avoid recording transactions they should be regulated, strictly. With fine tooth combs by fraud investigators. The volumes of data make it impossible to bother tracking individuals unless they are brought to attention. The data provides real measurement of events and money flow. Yes it is Big Brother..... it's about time. This should just be pulled together as a global endevour and put in place immediately. There is no reason for the secrecy. None. チャットモンチチャットモンチチャットモンチチャットモン
CLICK ___ WASHINGTON, USA: Washington Post, December 16, 2008 – The incoming Obama administration has pledged to overhaul the regulatory structure, which could lead to an examination of the legal thinking that has embraced CDOs as “private placements.” Sold from trusts often organized in the Cayman Islands, the bonds were listed only on the Irish Stock Exchange, of all places. An official there readily acknowledged that the exchange handled no trades in the bonds. No prices were made public, and documents on file at the exchange were available only to those who purchased the bonds.
チャ Change ahead for Hedge Funds
チャ Buyout, Hedge-Fund Managers Could Pay $24 Billion More in Taxes
チャ Cayman Islands in the Foreign Press
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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,................'
Oh hi y'all.......l self regulate.............. it's so-oooooooo kool.......
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Last edited by herosrest; 03-02-2009 at 10:08 PM.
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I'm predicting the world economy collapses officially at 3:42 MST tomorrow....
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Ultimate Member
Hey..... you've been accelerating!
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Click Pic or should that be prick.
Originally Posted by herosrest
