BIS calls for global financial reforms

30/06/2009 § Leave a comment

 

Financial products should be regulated like medicine in future, the Bank for International Settlements, said on Monday as it advocated sweeping reforms to financial instruments, markets and institutions.

FT.com / Global Economy – BIS calls for global financial reforms

China Signals End of Stockpiling

30/06/2009 § Leave a comment

 

A record-breaking run run of commodities exports to China that has sustained the Australian economy may be set to end, with Beijing officials and advisers announcing an end to "strategic" stockpiling, and massive iron ore contracts likely to expire today.

Undoubtedly China will continue to buy commodities at fire sale prices. They would be stupid not to. Stupid is the last thing China is.

China is punishing Australia for its treachery for blocking the mining sale in March. The Aussies buckled under pressure from the Americans and will pay a huge price as a result. As they should.

naked capitalism: China Signals End of Stockpiling

Can a Market Crash Save Us from Hyperinflation?

30/06/2009 § 1 Comment

 

There is an increasing chance that the indexes will retest March lows. Speculators (and quite possibly, the Federal Reserve and its PPT banks) are buying heavily, but insiders in almost all industries are vigorously selling stock. Heavy insider selling is usually a sign of things to come.

Can a Market Crash Save Us from Hyperinflation? — Seeking Alpha

China, Brazil would exit dollar in bilateral trade

30/06/2009 § Leave a comment

 

China and Brazil are working on a currency arrangement to allow exporters and importers to settle deals in their local currencies, bypassing the U.S. dollar, the countries’ central banks said on Sunday.

The People’s Bank of China has arranged six bilateral currency swaps, totalling 650 billion yuan ($95.12 billion), since December with countries including Malaysia, Argentina, and Hong Kong.

Dollar is experiencing its last spasm before it dies.

China, Brazil would exit dollar in bilateral trade | Gold Anti-Trust Action Committee

Sick and Tired of the Willfully Stupid

30/06/2009 § Leave a comment

 

That’s right. I’m sick and tired of the willfully stupid.

Of Duhmerican’ts!

Fuck ‘em!

Very recently one asked me if my description of the humidity, I told her it was 98% in Bangkok, meant that it was a dry heat! How fucking stupid does one have to be.

Its not just this kind of willful stupidity that gets to me. Take the 20+ thumbs down I got on SeekingAlpha for posting the following:

"Great spirits have always found violent opposition from mediocrities. The latter cannot understand it when a man does not thoughtlessly submit to hereditary prejudices, but honestly and courageously uses his intelligence." A. Einstein

Anyone on SA smarter than AE come forward at once.

These Duhmericant’s presume themselves to be smarter than Albert Einstein.

These Duhmerican’ts are doing all they can to start a war, any war will do, to deflect blame for their crimes against humanity and the world economy.

These Duhmerican’ts are spending billions of dollars through their fucking CIA to ferment instability yet they can’t afford to put on fireworks displays for their upcoming independence day celebrations or make sure that California doesn’t go bankrupt much less take care of the obligations they have promised with their ‘full faith and credit’.

These Duhmerican’ts deserve the utter ass tearing fucking they’re about to get at their own hand.

Duhmerican’ts, keep your fucking useless selves occupied with Michael Jackson, Brittney, American Idol, Whacked Out Sports, red-blue, pepsi-coke, left-right, christian-muslim and all your other silly pathetic narcissistic bullshit. Enjoy it while it lasts.

Don’t get angry when the rest of the planet laughs at you when you’re starving and your government is killing you for demonstrating against starvation and the painful fucking they gave you. 

Don’t get angry when I laugh at you! Or, go ahead, get angry. I’ll just laugh all the more!

GET OUT WHILE YOU STILL CAN!! – Windows Live

Better Listen What China Has to Say

29/06/2009 § Leave a comment

 

China can dive through a recession on its savings whereas the so called first world has nothing else to show than debts that are enough of a burden for the two next generations.

Seems as though these brighter than everyone else Wall St. types are finally getting what I’ve been saying for years.

Better Listen What China Has to Say — Seeking Alpha

Engineering Every Major Market Manipulation Since The Great Depression

29/06/2009 § Leave a comment

 

…..an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a Society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

Zero Hedge: Goldman Sachs: "Engineering Every Major Market Manipulation Since The Great Depression"

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