"Rather than let measures work, these financiers force the issue here and now, even as they speculate against efforts, many admittedly delayed and inadequate, to resolve debt crises. Financial institutions holding sovereign bonds that could default insure themselves by buying a credit default swaps. What seems like prudent corporate governance becomes a shell game as these obligations are traded among financial institutions, some of which don't hold sovereign bonds in their portfolios - all of which heightens interest in forcing default." Moeller in Yale Global.
[REH] As long as it was happening to third world countries like Yugoslavia, the wars were considered collateral damage for the institutional draconian bank measures by the International Bankers. How long before the bankers realize that they must have armies to represent them with the big countries that agree to pay even when it is impossible to "force" them to pay. And how long before their citizens make that connection and shut off the spicket? Think WWI and II and afterwards. I've often wondered why the world grew so much after WWII when the European nations involved in the war massively defaulted and simply negated loans caused by the wars. France for example. A third option here is what happened to Hitler at the end of the war. Even though Germany was technologically superior they lost the war because of a lack of energy supplies. They ran out of gas on their first date with history in the dead of winter. Is the banker's money in the bank, the "gas" that is required to run a nation's superior technology or is any currency merely a social contract unless you have an enforcer like the Mafia? I'm beginning think like a paranoid Oklahoman about international agreements such as NAFTA and all ideas about anything that involves an unelected government. Oklahoma is individually armed to the teeth. Have I missed the boat living in "gun controlled" New York City? And I live on an Island where the banks are located. Oops! Is the physical capital of nations, and a willing workforce patriotically inclined, able to give the bankers the "finger" and arm themselves to the teeth with Nuclear weapons or can the bankers retaliate through the Information sector and shut down their military force and physical advantage through cyber weapons? Who owns the internet ultimately? Well I guess the answer to that and they aren't civilian bankers. But they do now have a professional military and they are easily pissed off. People with loyalty to nothing but the bottom line are called citizens of..............? economists? bankers? accountants? Where do you aim and whose family do you eliminate? Roman law part IV and it's the 1883 "Indian Wars" all over again or is it Esau and Jacob? The barbarians at the gate are the big brother angry at the "mother's boy" [the bankers who had control of the soup] who stole his birthright with the skin of a lamb. Don't you guys know any other stories? REH PS Selma, thank you for the Bjoerling recording. That beautiful Bjoerling tone was familial. It is based on the sound of his name the umlaut that [oe] represents. In English that sound inhabits some of the most taboo words in the language like t[oe]d and is turned to waste products while in Scandinavia they took that [oe]sound in Bj[oe]rling and the English t[oe]d and built the greatest tenor tone in the world around it. Some people turn gold to garbage while others do the reverse. See, banking is just like opera:>)) In psychology they call those people who turn Gold to Garbage, Negative Transformers, the reverse of Alchemy but you would know that, being a social scientist. REH -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Mike Spencer Sent: Saturday, November 26, 2011 6:58 PM To: [email protected] Subject: [Futurework] Re: A Painful Euro Crisis And Lessons For The World Mike G. wrote: > ...so the bankers and "investors" and debt mongers and "investment > fund managers" and their lick spittles and camp followers and > enablers and massagers are "put in a bin". What happens then? and later: > Here I guess, is one plausible answer (among a number) to the question > that I was posing... > > http://yaleglobal.yale.edu/content/painful-euro-crisis-and-lessons- > world-part-2 "Investors" are the citizens of the New World Order(tm). That's essentially what the article says. It's become a small group of large financial institutions, the power of which overwhelm what even big countries can muster: 147 institutions directly or indirectly control 40 percent of global revenue among private corporations. A sore point is that they pursue profits without concern over implications for countries and societies. Citizens of the world, unite! You have nothing to lose but your grimy, irritating, money-sucking biomass. The global financial market is changing course, away from looking after Western interests and acting in accordance with corporate governance as defined by the West toward a more global outlook guided by the interests of new group of creditors. Which is a journalist- or economist-jargon way of saying, "Investors -- corporations, funds, banks, drug- and weapons-cartels and a few families and individuals -- are people. Everybody else is biomass, krill in the sea of global finance; mites, biting flies and fungal mycelium in the rich farmstead of transnational investor prosperity. Okay, not absolutely everybody else. Those (putative) People need managers, cops and Munchkins of various kinds, roles requiring equally various degrees of smarts, education, cunning or, occasionally, clinically diagnosable psychopathy. Say, 1.0%, maybe? Who get their own schlurping spots, if not at the Money River, [1] at least at the Small Change Brook? Did I hear someone mention "99%"? Well, Pareto advanced this sort of thing a rule of thumb and others have surmised that it's some kind of natural law applicable to statistical ensembles. But I thought that was what society -- the "social contract" if you will -- was all about. Statistically, X% of houses burn down, X% of cars drive over a bluff, X% of urban pedestrians are mugged in a dark place by demented addicts and so on, so you organize fire departments, construct guard rails and hire beat cops [2] or install street lighting. Oh, wait, that's what *governments* do, governments ranging from the 4 Selectmen of Upper Sideamagasket, Maine to the US Congress. Only that takes money. Well, that's what finance is for, eh? <Voice of Death in Terry Pratchett novels/movies> UMMM.... NO, NOT FOR THAT. SORRY. </Voice...> I wrote earlier about the dairy science vision of eliminating the Cow, replacing her with a Rumen Vat and a Mammary Tissue Culture Vat. The finance guys don't even want the milk. They just want, each and every one of them, to have all the cream. What's wrong with this picture? -m [1] Elliot Rosewater, in conversation with his father. See: http://akkartik.name/blog/money-river [2] No, not that kind of beat. You know what I mean, even if they don't hardly make them like that no more. Man in gutter: Officer! Help! Call me an ambulance! Beat cop: Like, crazy, man! So, like: You're an ambulance! PS: Please lose the UTF-8 charset for email. Please? Pretty-please? _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
