Tuesday, August 14, 2007

Every cloud has a silver lining ... apparently

Thanks to anon for sharing a link to this -




and its newly established partner site -




Admittedly these pages are currently US centric. However, there's a good chance they will soon to be part of a flourishing international network of similar sites - as soon as Central Banks stop bailing-out criminally negligent institutional investors with massive injections of made-up money. Made-up up money that will ultimately be paid for by ordinary people through inflation, taxation and interest charges.


Lee van Cleef is The Ninja - No INcome - No Job - no Assets - give that man a big fuck off loan straight away and then sell it on before everything goes tits up - Hmmm, you like that house price bubble don't you bitches...


As it happens, I have worked and retain acquaintances in the mortgage, hedge fund and foreign exchange trading rackets. Virtually everyone I still know in those rackets businesses now accepts that things are going to get a little rough from here on but they retain faith in the underlying strength of the System they've been doing so well out of in recent years

God knows why

Still, look on the bright side...



um...



er...


-

and whilst I'm on the subject here's a link to (yet another) video that attempts to communicate the problems that accompany a debt-based money system





as one glowing review of the video gushed...

"it might not be very high budget and its even kind of boring. but its just so intelligent that i had to watch it. great job."

which is a reasonable summary

I'm linking to it because, unlike many similar presentations, it attempts to communicate how our current banking system pushes our economies towards the kind of unsustainable and exploitative growth patterns that will very possibly result in all of us choking on each other's shit. The kind of issues that intrepid environmental adventurers such as David Mayer de Rothschild don't comment on very much at all; preferring to wank on about lightbulbs, telling people who are poorer than them (i.e. 99.999999999% of people) how to live, the establishment of world government and the Original Sin of being born human instead




.

14 comments:

Anonymous said...

"Admittedly these pages are currently US centric." But that doesn't matter: money (in the form of credit, the end user doesn't and cannot distinguish the two) is disappearing from the system. Fractional reserve works both ways; one way creates easy money; the other way is viscious, money is more difficult to borrow/earn than it needs to be. We're entering the latter phase - curl up into a ball, put your arms and hands over your skull and brace yourselves for a good kicking.

[insert pick of some fat greedy banker eg Hilary's fat brother]

Stef said...

yup, I can't disagree with any of that

Anonymous said...

Just received the following from the Times, "Credit crisis could lead to surge in litigation, Lawyers warn that when the music stops, retribution will costlier and messier than any other mini-crash."

It's such a weird read ...

Stef said...

a top read, thanks

I enjoyed the use of the term 'Mini-crash' in the strapline immensely

"It's looking like it's going to be a crash but, don't worry, it's only going to be be a mini-crash"

...kind of like being slightly dead

cf. "maxi-crash", "family sized-crash", "jumbo-crash", "crash for one", etc etc

lwtc247 said...

LOL.

I watched that video a few months ago. It is very good, yet contained a few severe flaws. I'm very, very tired now and work is going to be a killer over the next month, but when things die down (hopefully not me!), I'll try and find the time to jot them down for vivisection(!)

Actually, after the Buffet/Gates/Rothschilds/Mexican dude, gross accumulation of wealth, money stops being important. What these bastards feed on their power over people.
"Do this" they say, and it get done
with a look of fear in their eye.

Another thing I'm doing, is doing an analysis on a presentation by the great "Bill Still", who I also admire grately and curiously also sounds a bit like a duck. My conspiracy sence is tingling!

"Bill Still" {Please God let that really be his actual birth name. Cos its just about the best possible name an economist could ever have} make the Movie the "Money Masters" an economic epic about 4hours long I believe!

So, Homework:
Pallast on Iraq oil analysis,
Bill Still seminar,
Illustrated guide to money analysis.

Stef said...

Economist Michael Hudson has never sounded so much like a duck than in this mp3...

Real Estate: Growth, Crash, or Soft Landing?

http://tinyurl.com/3ymsww

Stef said...

and yes the 'Debt as Money' video does contain flaws, considerably fewer though than most mainstream accounts of this issues it covers

Anonymous said...

Hello Stef,

I think your blog is fantastic, thank you for your thoughts, it's nice to know I'm not going mad when I look at the world and the country these days. I'm a yorkshire man living in Wimbledon.

Anyway, 6 weeks ago, I chucked in after 6 years as a recruitment consultant because I hated it, and today I was offered a job as a sales man for a fantastic systems integrator, and I'm overjoyed. I just wanted to say hello and thanks and used this as an opportunity to do so. Keep up the good work mate and thanks.

Joe.

Anonymous said...

More bad news United Kingdom: ID Cards: Procurement Process Begins

Stef said...

...after 6 years as a recruitment consultant

My sincerest condolences

Stef said...

More bad news United Kingdom: ID Cards: Procurement Process Begins...

Only if you're not planning to migrate

/ gets back to filling-in visa application

Anonymous said...

From the implode-o-meter feeds Countrywide Borrows $11.5B From 40 Banks - Is this anything like the LTCM bailout?

I wonder how Nassim N Taleb is doing out of all this???? (Yet another fortune?).

Oh, and if you've got a couple of moments, check out ... "She wasn't really my type, but something about her caught my eye".

DE said...

enjoying the video - well, sort of.

Stef said...

@anon 4:21 - ta for the links, have only just had a chance to catch up and digest them now - Taleb's a star...