PS... Archytas ... I got my hands on that Madsen book you mentioned... Memoirs of a Gnostic Dwarf:
I've started reading it.....it's fun... many of the historical characters are familiar reading to me in their own rights....HAR.... http://en.wikipedia.org/wiki/Pope_Leo_X Some of those historical characters were my "literary" and "artistic" heroes.... I know that they had very "human" lives... often far from.... "perfect".... but they did all take themselves quite "seriously"....I'm saying... I may like the "jokes".... but the "real" - "reality".... was worthy in its own right... for whatever it was.... On Sunday, March 24, 2013 1:41:45 PM UTC-4, nominal9 wrote: > > Forget the hoHAR.... you have my authorization.... sans stipulation... to > use my HAR.... after all, I have taken a definite liking to your > "Banksters".....and use it frequently, in turn.....even swap..... > > I've been looking for news on the Cyprus situation.... at this time > (3/24/2013), it appears that the EU has given the Cyprus GVNMT a final > bailout offer, which Cyprus has to agree to by Tuesday, next (or so, I > think). We will see where that goes... as I think I read, the Savings > Account tax is still in the deal..... > > The banks investing in phony futures angle has not been reported in the > stories I've read.... that definitely puts a different spin on the mess..... > > I like your closing comments and suggestions about criminal investigations > a lot.....Whether it is the Cyprus cops, the EU or even the British GVNMT > (if it gets involved somehow through a "currency" switch back to the > pound).... I definitely would like to see an in-depth investigation.... > that has been ("wilfully"?) lacking in the debacle over here in the > U.S...... somebody somewhere should go after the criminals... I'd hope. > > > > On Sunday, March 24, 2013 4:32:15 AM UTC-4, archytas wrote: >> >> Plenty of hoHAR on Cyprus Nom and little evidence as far as I can >> see. The cover story is Russian mafia, banks pumping money into high >> yield Greko-Zimbabwean rocking horse dropping futures (who would buy >> them - especially with Russian mafia money?) and hence big hole in >> bank balance sheets when the fictitious assets turn out to be - er - >> fictional. At least three major EU banks are involved to my >> knowledge. I suspect the Cyprus banks were made into a dead donkey >> graveyard by them. On the other side Cyprus government spending and >> debt is low against the EU average (80 odd v 93%). What sort of >> excuse is it that they invested unwisely in Greek bonds? You and I >> knew this was a piss poor certain loser even in a three-legged donkey >> race. It's the sort of bet we might have made with other people's >> money along with very large sacks of cash and new passports for us >> truly along with plane tickets out on the day we posted such. >> There must be trillions in rocking horse droppings around the world >> being dumped into unwitting banks - no one with half a brain would >> touch same - so it must be packaged like the AAA rated sub-primed >> securitised dead donkey futures of the past. So who has been doing >> the packaging? The old form favourites are the rating agencies and >> the likes of Godforsaken Sachs, HongBong Shanghai Clusterfuck, >> Narcoleys and Deutsche Jackboot - though maybe the Russian mafia >> deposited some sacks of the rocking horse droppings themselves via >> offers not to be refused, insisting on cash at notional value? >> >> My suggestion to Cyprus is to default, re-establish the pound and give >> their cops carte-blanche for a criminal investigation. We have almost >> no facts about this despite and probably because of the media fenzy. >> The thing about rocking horse droppings (apart from not being caught >> with one when the music stops) is that we can trace the origins. >> Evidence from a criminal enquiry could show us points of origination >> and lead to claims on the real assets of those who have profited from >> selling them. These could be used to pay down private household and >> some company and pension debt. hoHAR (patent pending)! I suspect >> the villains who really pulled off the scam that might have tempted us >> are now in Northern Cyprus or Londonistan - somewhere bags of cash get >> you good treatment. >> >> On Mar 19, 8:27 pm, nominal9 <nomin...@yahoo.com> wrote: >> > more eurozone bank news..... >> > >> > http://www.reuters.com/article/2013/03/19/us-eu-bankingunion-idUSBRE9... >> >> > >> > By John O'Donnell and Claire Davenport >> > >> > BRUSSELS | Tue Mar 19, 2013 2:53pm EDT >> > >> > (Reuters) - The European Union agreed on Tuesday to let the ECB police >> euro >> > zone <http://www.reuters.com/subjects/euro-zone> banks, taking its >> first >> > step towards a banking union just as a levy imposed on Cypriot savers >> > showed that the bloc will struggle to respond in a united way to bank >> > problems. >> > >> > The European Parliament and member states' representatives sealed an >> accord >> > reached late last year to give the European Central Bank (ECB) powers >> to >> > supervise euro zone banks from the middle of next year. >> > >> > That agreement had initially been applauded as a step towards >> integration. >> > But the surprise levy on Cypriot bank deposits agreed as part of the >> > country's bailout deal at the weekend has dented confidence that Europe >> > will be united in tackling bank problems rather than leaving countries >> to >> > struggle alone. >> > >> > "The deeply distressing problems faced by Cyprus show how insufficient >> this >> > step is in itself," said Martin Schulz, the German president of the >> > European Parliament, calling for an EU-wide scheme to close failing >> banks >> > and guarantee deposits. >> > >> > Under the deal, banks that have assets of 30 billion euros or more than >> > one-fifth of their country's economic output will be overseen by the >> ECB >> > rather than national supervisors. >> > >> > The ECB will also be allowed to intervene if it sees problems in >> smaller >> > banks as well, giving it the clout to trigger the closure of struggling >> > banks. >> > >> > Although designed chiefly for the 17 countries in the euro zone, >> non-euro >> > countries that sign up for ECB monitoring will be given equal rights of >> > representation in the system. >> > >> > Countries that wish to stay out such as Britain will also be given >> > protection from interference from the ECB through a special voting >> scheme >> > to be used when supervisors across the entire 27-member European Union >> meet. >> > >> > The agreement, which will later be rubber-stamped by all EU countries, >> will >> > also allow the European Banking Authority to conduct and publish annual >> > stress tests on banks, one EU official said. >> > >> > "This is a fundamental step towards a real banking union which must >> restore >> > confidence in the euro zone's banks," said Michel Barnier, the European >> > commissioner in charge of regulation. >> > >> > The next pillar of the banking union will be the creation of a central >> > system to close troubled banks and a fund to cover the costs, ensuring >> that >> > individual countries such as Cyprus or Ireland< >> http://www.reuters.com/places/ireland>are not left to shoulder these >> burdens alone. >> > >> > But the reluctance of Germany <http://www.reuters.com/places/germany> >> and >> > other economically strong countries to underpin such a fund will make >> it >> > hard to set up. >> > >> > Paul De Grauwe, an economist with the London School of Economics, said >> that >> > the levy to be imposed on Cypriot savers illustrated the lack of >> support >> > for pooling national resources. >> > >> > "This is almost a fatal blow to banking union," he said. "The one key >> > element of banking union is a system to help each other out and share >> the >> > cost when there is a banking crisis in one country. There is no >> willingness >> > to do that." >> > >> > LESSONS LEARNED >> > >> > Nicolas Veron of the Peterson Institute for International Economics >> think >> > tank in Washington said the Cypriot "default on insured deposits" >> > undermined efforts to establish a common euro zone approach to dealing >> with >> > failing banks. >> > >> > "Clearly we don't have a banking union yet, even if we will have single >> > supervision," he said. "Deposit guarantee is a central plank of that. I >> > hope that lessons will be learned from this episode." >> > >> > Without a fund or backstop to tackle problem banks wherever they arise, >> > there is little chance of breaking the "doom loop" that can drag banks >> and >> > governments down together. >> > >> > A separate pledge by euro zone leaders to enable the bloc's rescue >> > mechanism to directly recapitalize struggling banks once the ECB has >> taken >> > on supervision also appears to be unraveling. >> > >> > Again, euro zone paymaster Germany is worried it could be forced to >> foot >> > the bill for struggling banks across the region. >> > >> > Finland, the Netherlands and Germany want any banking problems that >> arise >> > before the ECB takes over as supervisor to be disqualified when it >> comes to >> > applying for assistance from the European Stability Mechanism. >> > >> > The new role of bank supervisor for the ECB has worried some at the >> central >> > bank, who fear it will interfere in its work as guardian of monetary >> policy. >> > >> > Such a conflict of interest would arise if the ECB were to keep >> interest >> > rates low in order to help struggling banks that it is also responsible >> for >> > supervising. >> > >> > Dutch ECB policymaker Klaas Knot expressed his reservations on Tuesday. >> > >> > "Quite frankly, if we have arrived in the European Union in quieter >> waters, >> > let's say 10 years down the road or so, I would clearly be open to >> > re-evaluating this decision, because there continues to be a >> fundamental >> > tension between monetary policy responsibilities and supervisory >> > responsibilities." >> > >> > (Additional reporting by Robin Emmott in Brussels and Paul Carrel in >> > Frankfurt; editing by Ron Askew and Rex Merrifield) >> > >> > >> > >> > >> > >> > >> > >> > On Tuesday, March 19, 2013 4:18:44 PM UTC-4, nominal9 wrote: >> > >> > > Here's a follow-up on the Cyprus bank situation.... it appears to >> have >> > > been staunched..... W/O levies on accounts.... >> > >> > >http://www.ft.com/cms/s/0/b790219a-909b-11e2-a456-00144feabdc0.html#a... >> >> > >> > > On Monday, March 18, 2013 11:18:48 AM UTC-4, nominal9 wrote: >> > >> > >> Enormous political import... and such.....here's a link to some more >> > >> skulduggery in the U.S. financial system.... >> > >> > >> >> http://www.bloomberg.com/news/2013-03-17/sac-s-plotkin-said-to-have-b... >> > >> The more of these "criminals" they catch and put away, the better, I >> > >> think.... >> > >> Also heard a breaking story about a run on Cyprus Banks.... >> > >> > >> >> http://www.reuters.com/article/2013/03/18/us-cyprus-parliament-idUSBR... >> > >> Taxing bank accounts..... I mean... it isn't all that novel, is it >> > >> Archytas?... happens all the time in the U.S., right?.... maybe you >> can >> > >> explain the actual issue....was a time when folks put their money in >> > >> Switzerland to evade taxes, but I thought those days were over for >> the >> > >> "Euro-zone"... due to new regulations... maybe not? >> > >> > >> On Sunday, March 17, 2013 5:31:44 PM UTC-4, stephenk wrote: >> > >> > >>> Skype is good for me too... Microsoft's pathetic version of >> Hangout... >> > >>> ;-) >> > >> > >>> On 3/17/2013 3:49 PM, archytas wrote: >> > >>> > Suspected you meant something similar Stephen - I use Skype to do >> this >> > >>> > - though mostly for work purposes. I wouldn't be averse. >> > >>> > On matters of enormous political import like whether the UK >> should be >> > >>> > in the EU I note the net cost per capita for being in is �74 - >> about >> > >>> > the same as a decent meal with wine for me and Sue. Nearly all >> this >> > >>> > is spent on farming or 'growth initiatives' (previous area of >> personal >> > >>> > expertise and I know to be entirely useless). I find it >> impossible to >> > >>> > get too excited about the equivalent of one night out. If the >> > >>> > Eurocrats can kick up all the bother some allege at this price >> they >> > >>> > may have a model for world revolution! I should no doubt hangout >> > >>> > more. >> > >> > >>> > On 17 Mar, 06:22, "Stephen P. King" <stephe...@charter.net> >> wrote: >> > >>> >> Ummm FYI:http://www.google.com/+/learnmore/hangouts/ >> > >> > >>> >> On 3/16/2013 2:37 PM, nominal9 wrote: >> > >> > >>> >>> I'm probably not much younger than Archytas.... I may be >> > >>> >>> older....."Hangout".... I remember the term from my youth in >> the >> > >>> >>> sixties/seventies.....I take it you mean a face to face >> meeting.... >> > >>> >>> kind of hard for me.... I rarely get to London....I may have >> been >> > >>> >>> there once at an airport awaiting a connecting flight.... and >> then I >> > >>> >>> was still a kid.... in the sixties (like I said)....besides, >> > >>> >>> personally, I am not much of a social person, myself.... >> Archytas >> > >>> (as >> > >>> >>> a British person).... is probably much more >> "gregarious"...(HAR).... >> > >>> >>> good for him... >> > >>> >> -- >> > >>> >> Onward! >> > >> > >>> >> Stephen >> > >> > >>> -- >> > >>> Onward! >> > >> > >>> Stephen >> > -- You received this message because you are subscribed to the Google Groups "Epistemology" group. To unsubscribe from this group and stop receiving emails from it, send an email to epistemology+unsubscr...@googlegroups.com. To post to this group, send email to epistemology@googlegroups.com. Visit this group at http://groups.google.com/group/epistemology?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
