”Un-Patriotic? Secret US missile cargo bound for S. Korea busted”
Finland impounds shipment of Patriot missiles, explosives in ship destined for Shanghai
…. impounded 160 tons of explosives and 69 surface-to-air missiles found on a British-flagged cargo ship ultimately destined for Shanghai, China …
… The M/S Thor Liberty sailed from the north German port of Emden on Dec. 13 and two days later docked in Kotka, southern Finland, …
Looks like a setup to me !
@gold bullet …. touchee … LOL
You may have won that round, but the ”fight” is not over! 😉
Germany is paying 100 Million Euros PER DAY for the State Debt
Just thought it was worth mentioned for Wolferl.
Amazing that this means they must TAKE IN 300 Million per Day in Taxes.
( Note : it has been reported that every 3rd. Euro of German Tax income is used just to pay the Bankstas their “interest” )
but now Im confused, didnt Max say that the EU don’t want tapeworms at their table? lol
**********!!!!!!! 365 DAYS TO GO !!!!!!!! ***********
Lolz Hic 😉
Chart of the Day: The ECB Balance Sheet
””Weaker Euroland” – Two Unhappy Holiday Jingles”
Let’s all have a not-so-nice sing-along about the Euroland! 😉
Why Are We Forced to Worship at the Feet of ‘Mythical’ Financial Markets Controlled by the Elite?
The crisis should be recognised for what it really is: a class war waged on workers in Europe.
Proof that OCC Foreclosure Reviews Are a Sham
Once Obama wields his fatal pen, our (real) rulers will be free—free at last!—to sic the troops on all the rest of us
There is a current Battle goin on in Space
-David Cayton and Richard Lennie interview
”Turkey recalls French ambassador over Armenian genocide denial law”
Madness – Nightboat to Cairo
The Invisible Government & 9/11 Synthetic Terror
Overall public debt in Germany is a little over 2000 billion € now. This includes the debt of the federal state, the German states, counties and cities and the debt of the social security systems. 100 million interest per day means 36.5 billion in interest every year, this would mean an interest rate of about 1,8 % p.a. . I don´t think that´s true. I think it´s about twice the amount, 200 million € per day. This may seems a large sum, but in reality it´s “just” 2,50 € per inhabitant per day. When you purchase something for 20 € you pay about 3,20 € in VAT alone.
@ snoop diddy | December 22, 2011 at 2:04 pm |
Chart of the Day: The ECB Balance Sheet
Dear God help us all!!
Night Boat to Cairo 🙂
@ snoop diddy
The Toy Dolls – The Death of Barry The Roofer With Vertigo
Wow … they’re really trying hard to et rid of Wulff …. who said NO to Eurobonds !
Read it for yourselves.
@Wolferl … yes, put in perspective .. it’s not so much .
A country with 80 million people = 1.25 EUR per day.
BTW ….. Personal Income Tax makes up only a very small portion of taxes .. the main one being VAT.
Why don’t they just scrap Inc.Tax … I’m sure we spend more on collecting it than is paid!
PS@”I’m sure we spend more on collecting it ”
Of course, I don’t just mean the Civil Servants , but also the time & money spent by private people on tax advisors, notars, bookkeepers , auditors , lawyers , politicians etc. etc. etc.
”’Mistakes made’: Pentagon ‘regrets’ slaughter of 24 Pakistani troops”
Oh, we are so sorry that we have slaughtered two dozen of your soldiers, but hey, they at least were not civilians, which we have slaughtered thousands with our drones, for which we are not sorry!
PERSONALLY I HOPE MAX IS WORTH A FORTUNE AND ANYONE ELSE WHO LISTENED TO HIS AND STACEYS ADVICE WHICH WAS QUITE SIMPLE BUY GOLD AND SILVER & GET OUT OF CONFETTI CURRENCY , COUNTERFEIT CRAP , DIGITAL MONEY , EAT DRINK VERY WELL & STAY HEALTHY , HAPPY XMAS & NEW YEAR
A new masterpiece from RAP NEWS:
STOP SOPA! Michael Mozart cNBC PIPA Protect IP Sue Public cNet BitTorrent Pirate Bay Reddit Anon
Thanks for the link. 🙂
Rap News is great! 😀
‘One Term President With Some Balls Would Have Been Better’ Matt Damon Slams Obama, Democrats
I think the German debt is much too high and must be reduced, but as long as the interest rates for German bonds are low it´s no problem. Germany sold 10 year bonds for less than 2 % interest some weeks ago, this means a low average interest rate for the next decade. Starting in 2014 there´s a constitutional debt limit of 0,35 % of GDP p.a., this is much less than inflation. Germany wants to introduce something similar to the constitutions of all EU/Euro countries in exchange for some kind of bailout of these countries. If this can be achieved the Euro will prevail, if the US kill their dollar with more and more debt.
TAPEWORM CAMERON WILL KEEP ME LAUGHING FOR A LONG TIME AND ITS SO TRUE
Personally, I think we have an existential nightmare that will probably end up as a nihilist’s wet dream.
The End of America – Director’s Cut (Full) 1hr 13 mins
”Sopa Vote Delayed Indefinitely”
We have won this fight, but the war is not over!
Now is the time to spread the word against SOPA to prevent Congress from ever passing this totalitarian bill!
http://www.imf.org/external/pubs/ft/wp/2010/wp10172.pdf (page 6, 2nd paragraph)
“Rehypothecation in Continental Europe
Our understanding from legal sources is that the EU law does not establish a quantitative cap on the rehypothecation of collateral pledged to broker-dealers akin to that found in the U.S. SEC Rule 15c3–3. EU law permits the parties to strike their own bargain as to how much (if any) collateral may be subject to rights of reuse. The regulatory regime for broker-dealers and their customers may lead to some re-thinking due to the litigation involving Dexia in 2009.7 However, changes are still distant from being finalized and it is impossible to say at this stage what changes (if any) can be expected as regards limiting rehypothecation rights.”
“12. The European Union accounts for 66% of the global interest rate derivatives
market and 60% of the global foreign exchange derivatives market.7 London
alone accounts for 39% and 44% of these respective global markets (City of
London Corporation, p 78).8 The US has 24% of the value of the global
OTC derivatives market.9 While Asia currently constitutes a relative small
part of the global OTC market, trading volumes are rising very fast. In Japan,
the largest market in the region, the interest rate swap market grew by 47%
between June 2007 and June 2009.
So, does anyone know if rehypothecation was on the list of things to be regulated by the EU in their recent accord?
from this pdf it does not look like it but this is a fairly generalised account of the Accord:
(don’t blink) American depression will start January [ 2012 ]
Feb 12, 2011
Does anyone know this guy ?
Mike Maloney mentioned
Offers a Webinar : http://theelevationgroup.net/presentation/register.php
Sounds a little corny … but basically seems to trying to do good … which makes me suspicious … as usual !
I haven’t read this but explains to some extent why hypothecation was invented and exists; which is due to shorting.
Personally, I think shorting should be by simply investing in a perceived better company/commodity but globalisation of money supply/debt policy has overtaken and synchronised whole markets to move one way or the other.
Securities Market Theory: Possession, Repo and
Rehypothecation (25 pages)
By introducing repo markets we understand how agents need to borrow issued securities before shorting them: (re)hypothecation is at the heart of shorting…