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Post by magellan on Mar 25, 2013 18:37:33 GMT
This opinion article emphasizes what is skipped or hidden in public debate on Debt: Private Debt, and real nature of ´money´ and the paradigma of constant Growth which sustains and drives the system by its own to... what? It´s been proof that oversized private debt -bubbles- (companies and families debt) eventually becomes total or partially Public Governments Debt for all tax-payers to be paid. Either a bank is too big to fail; or a car company or... then is ok to pour incredible amounts of brand new Debt on them. But families and most companies remain unprotected and pays for other´s fault, untouhable Bank system mainly. I think there could be a non-partisan debate on this? Possible? I enjoyed reading about your father's life. Put this into perspective: the U.S. was for a long time the largest creditor, now we are largest debtor nation. This began after the official decoupling to gold in the early 70's. Anyone can see that is the point where both government and private credit exploded and got us to where we are today. Savings in the private sector has been declining and reliance on spending to run the economy became the norm (aka "service industry"). Deficit spending has been increasing exponentially with the last 4 years accumulation of national debt accounting for more than just about all previous presidents combined. Now we don't produce much, are driving savings down further (akin to stealing your money with near zero interest rates) and encouraging more debt with low interest rates and long term loans in hopes of raising the GDP as a last ditch effort to save the economy from stagnation. It will not work. The per capita debt in the U.S. is $52,000 IIRC. You are right IMO that banks are too big to fail and too big to jail which has removed all responsibility from the banksters and crooks creating all these money schemes. DOJ Eric Holder (U.S. Attorney General) has said as much. When it is other people's money, who cares, just print more. What me worry? I do hope Karlox you see what's going on and have paid a visit to your bank to make a sizable withdrawal from your account(s).
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Post by karlox on Mar 26, 2013 7:22:21 GMT
This opinion article emphasizes what is skipped or hidden in public debate on Debt: Private Debt, and real nature of ´money´ and the paradigma of constant Growth which sustains and drives the system by its own to... what? It´s been proof that oversized private debt -bubbles- (companies and families debt) eventually becomes total or partially Public Governments Debt for all tax-payers to be paid. Either a bank is too big to fail; or a car company or... then is ok to pour incredible amounts of brand new Debt on them. But families and most companies remain unprotected and pays for other´s fault, untouhable Bank system mainly. I think there could be a non-partisan debate on this? Possible? I enjoyed reading about your father's life. Put this into perspective: the U.S. was for a long time the largest creditor, now we are largest debtor nation. This began after the official decoupling to gold in the early 70's. Anyone can see that is the point where both government and private credit exploded and got us to where we are today. Savings in the private sector has been declining and reliance on spending to run the economy became the norm (aka "service industry"). Deficit spending has been increasing exponentially with the last 4 years accumulation of national debt accounting for more than just about all previous presidents combined. Now we don't produce much, are driving savings down further (akin to stealing your money with near zero interest rates) and encouraging more debt with low interest rates and long term loans in hopes of raising the GDP as a last ditch effort to save the economy from stagnation. It will not work. The per capita debt in the U.S. is $52,000 IIRC. You are right IMO that banks are too big to fail and too big to jail which has removed all responsibility from the banksters and crooks creating all these money schemes. DOJ Eric Holder (U.S. Attorney General) has said as much. When it is other people's money, who cares, just print more. What me worry? I do hope Karlox you see what's going on and have paid a visit to your bank to make a sizable withdrawal from your account(s). Magellan, thanks for taking a look at my father´s little history. One among millions civilians that were and are being forced to join armies through history... The per capita debt in Spain is over 17,000 Euros and accounts for nearly 80% of DGP this year. In 2007 it was 8,500 Euros per capita. So it doubled within 5-6 past years. Expected to reach 110% within 2-3 years due to dead spiral of paying interest emitting new debt at higher interest rates (+3.6% over Germany´s) Now, Currently Private Debt in Spain (companies and families) account for over 200% of our DGP!!! So it´s been undoubtely exponential irresponsible growth of Private Debt in cheap-money-times, and a model of growth based on building land especulation and overbuilding what broke our back in fact. Government figures were not bad at all for over ten years before 2008. With both PP and PSOE on power. Message sent to the markets by all these europe-nuts is that your money is not safe in Europe EXCEPT for bringing it to Germany, Austria or Finland, and little else. What the hell are they doing? So this is NOT a Union, but a conquest. Deposits less than 100,000euros per capita were already guaranteed by European regulations before Cyprus crisis, and per bank (one person might have a million but rather have it splitted into 10 different accounts of 10 different banks for safety). So they´ve been playing round with their own rules... for further loosing credibility. Don´t have to worry much for all I´ve got is NONE debt and my already paid home. And couldn´t make it with 100 euros per day either (as currently in Cyprus) for I have not that much money for living (would be 36500euros a year) So I feel comfortable away of fears of losing what I actually do not have, and satisfied and thankful for what I have (all I have to do is think back to the 30s´and the Civil War, and Post War dark decades... I´m most lucky) But feel very close and solidarian with spanish youth and elder people, for the burden of this crisis is being put on them, the weakest ones among us. (in Spain loans for purchasing a house were granted under systemic overprizing. People and families earning 18,000 euros-24,000euros a year would be granted a 240,000 credit for buying a house and include a car and mobiliary, to be paid in 35-40 years... Now many of these people lost their jobs, and eventually lose their homes. Same house value is now -could be- only 120-130.000, family still owes 200,000 or more. Even if they lose their house they still will owe 70,000-90,000euros to the Bank... for life time! Some credits were granted as well under an extra guarantee based on a second residence belonging to the parents or granparents, even friends among inmigrants will practice crossed guarantees requested by banks... So Some grandads and 4 kids families are losing their homes as well, for their sons can´t pay the loan of their own home... and even then sometimes there is still a remaining debt with the bank, once it gets both houses. SHAME AND SLAVERY.
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Post by magellan on Mar 26, 2013 20:04:52 GMT
I enjoyed reading about your father's life. Put this into perspective: the U.S. was for a long time the largest creditor, now we are largest debtor nation. This began after the official decoupling to gold in the early 70's. Anyone can see that is the point where both government and private credit exploded and got us to where we are today. Savings in the private sector has been declining and reliance on spending to run the economy became the norm (aka "service industry"). Deficit spending has been increasing exponentially with the last 4 years accumulation of national debt accounting for more than just about all previous presidents combined. Now we don't produce much, are driving savings down further (akin to stealing your money with near zero interest rates) and encouraging more debt with low interest rates and long term loans in hopes of raising the GDP as a last ditch effort to save the economy from stagnation. It will not work. The per capita debt in the U.S. is $52,000 IIRC. You are right IMO that banks are too big to fail and too big to jail which has removed all responsibility from the banksters and crooks creating all these money schemes. DOJ Eric Holder (U.S. Attorney General) has said as much. When it is other people's money, who cares, just print more. What me worry? I do hope Karlox you see what's going on and have paid a visit to your bank to make a sizable withdrawal from your account(s). Magellan, thanks for taking a look at my father´s little history. One among millions civilians that were and are being forced to join armies through history... The per capita debt in Spain is over 17,000 Euros and accounts for nearly 80% of DGP this year. In 2007 it was 8,500 Euros per capita. So it doubled within 5-6 past years. Expected to reach 110% within 2-3 years due to dead spiral of paying interest emitting new debt at higher interest rates (+3.6% over Germany´s) Now, Currently Private Debt in Spain (companies and families) account for over 200% of our DGP!!! So it´s been undoubtely exponential irresponsible growth of Private Debt in cheap-money-times, and a model of growth based on building land especulation and overbuilding what broke our back in fact. Government figures were not bad at all for over ten years before 2008. With both PP and PSOE on power. Message sent to the markets by all these europe-nuts is that your money is not safe in Europe EXCEPT for bringing it to Germany, Austria or Finland, and little else. What the hell are they doing? So this is NOT a Union, but a conquest. Deposits less than 100,000euros per capita were already guaranteed by European regulations before Cyprus crisis, and per bank (one person might have a million but rather have it splitted into 10 different accounts of 10 different banks for safety). So they´ve been playing round with their own rules... for further loosing credibility. Don´t have to worry much for all I´ve got is NONE debt and my already paid home. And couldn´t make it with 100 euros per day either (as currently in Cyprus) for I have not that much money for living (would be 36500euros a year) So I feel comfortable away of fears of losing what I actually do not have, and satisfied and thankful for what I have (all I have to do is think back to the 30s´and the Civil War, and Post War dark decades... I´m most lucky) But feel very close and solidarian with spanish youth and elder people, for the burden of this crisis is being put on them, the weakest ones among us. (in Spain loans for purchasing a house were granted under systemic overprizing. People and families earning 18,000 euros-24,000euros a year would be granted a 240,000 credit for buying a house and include a car and mobiliary, to be paid in 35-40 years... Now many of these people lost their jobs, and eventually lose their homes. Same house value is now -could be- only 120-130.000, family still owes 200,000 or more. Even if they lose their house they still will owe 70,000-90,000euros to the Bank... for life time! Some credits were granted as well under an extra guarantee based on a second residence belonging to the parents or granparents, even friends among inmigrants will practice crossed guarantees requested by banks... So Some grandads and 4 kids families are losing their homes as well, for their sons can´t pay the loan of their own home... and even then sometimes there is still a remaining debt with the bank, once it gets both houses. SHAME AND SLAVERY. Good to know you are not in debt; not many can claim that. It appears the raping of bank depositors is coming to other Euro countries. Cyprus was only a beta test. For Spain, it is not looking good economically. In the UK, citizens are being told to get all their money out of the affected Eurozone. www.zerohedge.com/news/2013-03-26/contrary-prior-lies-spanish-2013-economic-contraction-even-worse-2012The U.S. government is also lying to Americans on the true state of our economy and many are falling for it.
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Post by karlox on Mar 27, 2013 6:53:41 GMT
Well, Magellan I agree: there is a Beta test for a B-Plan (hidden) or scenario, and driving economic powers in Europe -Germany, mainly- are playing for what they think would be best for them? Money in Europe is flowing to Germany, Austria and Finland... so the ´scare the people´ policy reinforces this trend. US still playing with the ´advantage´of an endless printing money machinery from the Federal Reserve (linked to private banks interest) but should be acting in many fields to reduce deficit: military, keep middle-class tax benefits, simplify tax system perhaps?, and -sorry to say- should rise taxes for Warren Buffet and George Soros. A real Atlantic Free-Market area would help both Europe and USA? Exchange markets value euro-dollar... that´s a good termometer to be watched (confess I am longing for a 1 = 1 dollar/euro estable for a couple of decades...)
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Post by karlox on Mar 28, 2013 11:57:21 GMT
HAPPY ICELAND SUMMER 2008August 2008. August 2008. Iceland happy and powerful. A wave of accelerated prosperity is dejected over the island during the past decade, making it possible that this small country of 300,000 people, lost in the middle of the North Atlantic, reached the top positions among all the countries in the classification of degree of global well-being and overall happiness. The Welfare Nordic State model sustained through the most aggressive financial policies of a greedy banking system, based on a local small coin at constant re-valuacion, and the massive complicity of politicians, as it could be soon verified. Very open and liberal - Icelandic society is reflected in this shot of a demonstration celebrating Gay Pride Day in a main street of the capital. In those years many Icelanders asked for loans to buy a better all-terrain vehicle, a second residence - perhaps for rent to tourists - and expensive holidays in the Canary Islands, and in other parts of the globe... With a very high mean cultural level, and socially-minded, which makes it more incomprehensible to everyone to realize that most of them were completely unaware of what soon will follow; a few months later only. Currently Iceland recovers slowly but doing better. Hardworking, brave people, pioneering and courageous. Sure that after the great crisis are even better people than before, wiser if possible, certainly. Attachments:
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Post by sigurdur on Mar 29, 2013 17:04:59 GMT
Iceland is not afraid to put the scoundrels in Jail. Now, if the rest of the world would catch up? ?
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Post by sigurdur on Mar 29, 2013 17:05:22 GMT
Iceland is not afraid to put the scoundrels in Jail. Now, if the rest of the world would catch up? ?
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Post by karlox on Mar 29, 2013 17:39:05 GMT
Iceland is not afraid to put the scoundrels in Jail. Now, if the rest of the world would catch up? ? That´s why it is such an admirable people and country. Small is beautiful, a book I would like to read again, by the way. And they won´t let the lost of their social welfare state granting first class education and sanitary insurance to all citizens. That´s the advantage of living in a 300,000 people country with a profound democratic foundation. Iceland seems to me a cross border point mixing best of northern Europe welfare and of US personal feeling of independence, frontier and community, and social praise for personal struggling and work and sacrifice for a better living. Again greedy Banking system took this territory as its host for uncontrolled unlimited growing inversions, accepting hughe funds from British Retiree and alike which were paid with a high interest rate in Crowns, which was apparently an strong small currency. As I said before, lots of icelanders, being 80% consolidated middle-class (including farmers) and with that spirit for bussiness ran into an spiral of purchases financed either in euros or dollars (low interes rates and cost). That included a housing bubble, for tourist renting was a growing sector. And one day, suddenly, all that just vanishe. Imagine you find y owing yourself as twice money in crowns as the day before. And -on the other side- all foreign investors trapped after country´s main banks bailout. Lesson learned: don´t trust easy money, and ´popular´ finantial products, but rather keep on hard work as before... I think this is a good example as for how social welfare state -namely european socialism for some- has nothing to do with current crisis and crashes such as Iceland´s. Same with Spain, Portugal, Ireland... Euro was supposedly a remedy but turned out to be a poisson: narcotic anestesia for the economy administrated by lenders so lenders can now get PIGS countries on sale half the price a few years ago. They KNEW that could/would happen. That´s my point of view. And can´t say doomsday scenarios are not possible. Learned that with Chernobyl, Bosnia and Croatia... in the heart of old Europe... Or neat and tidy Iceland, were everything looked perfect. Priorize what is causing the world much terrible problems and loses. It´s Banking and associated trash on politiians side, of all colours.
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Post by sigurdur on Mar 29, 2013 17:44:15 GMT
Karlox: They not only knew, they directed the "traffic" flow to their advantage.
And expected average people to "bail" them out.
And that seems to be happening.
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Post by karlox on Apr 3, 2013 9:19:54 GMT
Present Unemployment figures evolution in Spain.Nearly 23 millions active workers versus over 5 millions unemployed. Power compsumtion from big consumers (industry) further drops nearly 6% within one year. That figures are larger than those for the Big Depression times...
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Post by karlox on Apr 7, 2013 7:58:36 GMT
Link to photo on FLICRIn the Centre of Reykjavik this mural greeted showing the best look from a wide selection of Icelandic children chosen among each and every one of the schools of the island. This photo was taken in August 2008. I´m sure Sigurdur would like this pic! I was wandering about the crisis, the future (?) and came to my mind this little shining faces back in august 2008... Sooner or later... they are the clue of the future.
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Post by karlox on Apr 7, 2013 9:44:32 GMT
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Post by karlox on Apr 7, 2013 9:50:49 GMT
Plan for Okinawa unveiledWhat a coincidence that as North Korea mad-regime is putting pressure on South Korea and US mil bases in the area, such as OKINAWA, this information is releesed... Could it be an agreed-hidden message to North Korea so they can now get an excuse to say they´ve forced US starting of this plan for withdrawal thanks to their massive movilization? Keep an eye on this area, for it´s really a hot one. Consequences and evolution of the area might affect us all.
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Post by sigurdur on Apr 7, 2013 18:14:55 GMT
View AttachmentLink to photo on FLICRIn the Centre of Reykjavik this mural greeted showing the best look from a wide selection of Icelandic children chosen among each and every one of the schools of the island. This photo was taken in August 2008. I´m sure Sigurdur would like this pic! I was wandering about the crisis, the future (?) and came to my mind this little shining faces back in august 2008... Sooner or later... they are the clue of the future. Yep.....they most certainly look like Ethnic Icelanders...
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Post by sigurdur on Apr 7, 2013 18:33:37 GMT
Plan for Okinawa unveiledWhat a coincidence that as North Korea mad-regime is putting pressure on South Korea and US mil bases in the area, such as OKINAWA, this information is releesed... Could it be an agreed-hidden message to North Korea so they can now get an excuse to say they´ve forced US starting of this plan for withdrawal thanks to their massive movilization? Keep an eye on this area, for it´s really a hot one. Consequences and evolution of the area might affect us all. China is not happy about what N. Korea is doing. As long as the US does not provoke NK, the Chinese will take care of the problem. They do not want N. Koreans refuges, nor do they want a war in that area. It is not good for them economically, and could potentially upset the balance of power within China.
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