bailouts Archive

  • The European banking crisis is brewing. In Italy last month alone, the Bank of Italy poured in €3.6 billion euros into Banca Marche, Banca Etruria (PEL.MI), CariChieti and a fourth CariFeto to prevent their collapse. The money was funded by using financing from healthy banks. This is precisely how the banking crisis began in Austria back in 1931. They took a healthy bank and forced it to absorb a failed one which was far worse than anyone realized taking down all the banks.

    Bank of Italy Bails-out 4 Banks

    The European banking crisis is brewing. In Italy last month alone, the Bank of Italy poured in €3.6 billion euros into Banca Marche, Banca Etruria (PEL.MI), CariChieti and a fourth CariFeto to prevent their collapse. The money was funded by using financing from healthy banks. This is precisely how the banking crisis began in Austria back in 1931. They took a healthy bank and forced it to absorb a failed one which was far worse than anyone realized taking down all the banks.

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  • This is precisely what I have been warning – solution are never possible with the same line of thinking that created the crisis.

    The Euro Crisis Will Not End Until this Line of Thinking Changes

    This is precisely what I have been warning – solution are never possible with the same line of thinking that created the crisis.

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  • The politicians "keep spending to the end" >> These happened in most of the countries which headed quickly to total collapse. This is clearly visible in USA. The incoming president proposed the "Change" and brought more of 3) More deficit ( Obama plan 1 trillion dollar in February 2009). This is EXACTLY what happened in Argentina. The "new president" proposed the "change", but he brought more spending and country collapsed later. He escaped in a helicopter.

    Inflation in Argentina

    The politicians "keep spending to the end" >> These happened in most of the countries which headed quickly to total collapse. This is clearly visible in USA. The incoming president proposed the "Change" and brought more of 3) More deficit ( Obama plan 1 trillion dollar in February 2009). This is EXACTLY what happened in Argentina. The "new president" proposed the "change", but he brought more spending and country collapsed later. He escaped in a helicopter.

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  • The argument I have offered you is totally different. It says that we have NOT, will not, CANNOT and SHOULD NOT fix the present financial system back to its former state.
For the simple reason that the present catastrophic situation we find ourselves in, was not due to a break down in the system, but is an inevitable consequence of how that system works in the first place.

    The Undead Heart – Part 3

    The argument I have offered you is totally different. It says that we have NOT, will not, CANNOT and SHOULD NOT fix the present financial system back to its former state. For the simple reason that the present catastrophic situation we find ourselves in, was not due to a break down in the system, but is an inevitable consequence of how that system works in the first place.

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  • Whenever someone buys a security they do so because they want the promised return on their money. What they don’t want is the Risk that goes with it. Risk and return are the light and shade of finance. You can’t get one without the other. But the promise that you somehow can, is what the Shadow banking system is all about. They dazzle you with fantastic returns and promise that somehow the risk has stayed in the shadows.

    The Undead Heart – Part 2

    Whenever someone buys a security they do so because they want the promised return on their money. What they don’t want is the Risk that goes with it. Risk and return are the light and shade of finance. You can’t get one without the other. But the promise that you somehow can, is what the Shadow banking system is all about. They dazzle you with fantastic returns and promise that somehow the risk has stayed in the shadows.

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  •  Nations still printed and controlled their currency. But securitization gave banks the ability to print their own currency. And this new securitized currency, based on debt, was theirs to print, control, spend, and ultimately to debase. In short, it gave banks a power to rival nations. It is worth, therefore, understanding its outlines at least. Please don’t panic. Like most financial stuff its not nearly as difficult as the priesthood would have you believe.

    Securitization – the Undead heart of the Shadow banking machine – Part 1

    Nations still printed and controlled their currency. But securitization gave banks the ability to print their own currency. And this new securitized currency, based on debt, was theirs to print, control, spend, and ultimately to debase. In short, it gave banks a power to rival nations. It is worth, therefore, understanding its outlines at least. Please don’t panic. Like most financial stuff its not nearly as difficult as the priesthood would have you believe.

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  • Overall he believes 'economists' did a great disservice to mankind and suggests a number of approaches to "cleaning up after that". Sadly, he opines, "At the core, economics is about politics and about power, and the question for the economists is whose power are you going to serve as an expert." Overall he believes 'economists' did a great disservice to mankind and suggests a number of approaches to "cleaning up after that". Sadly, he opines, "At the core, economics is about politics and about power, and the question for the economists is whose power are you going to serve as an expert."

    Economists. What (Or Who) Are They Good For?

    Overall he believes 'economists' did a great disservice to mankind and suggests a number of approaches to "cleaning up after that". Sadly, he opines, "At the core, economics is about politics and about power, and the question for the economists is whose power are you going to serve as an expert." Overall he believes 'economists' did a great disservice to mankind and suggests a number of approaches to "cleaning up after that". Sadly, he opines, "At the core, economics is about politics and about power, and the question for the economists is whose power are you going to serve as an expert."

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  • From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again

    The Great American Bubble Machine

    From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again

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