By the way, Archytas.... I think you've been following this story... here's an update, in case you missed it... http://www.nytimes.com/2013/03/29/nyregion/search-warrants-reveal-items-seized-at-adam-lanzas-home.html?pagewanted=all I have no respect at all for any of the "state officials" in this area.... I can honestly say that in my felt opinion the problem largely a matter of social status and connections... People of relative social "import" who are NEVER placed under the normal scrutiny of any authority... for reasons of wealth, position, reputation, nepotism, cronyism, etc.....has very much to do with it. As for the young fellow's psychological problems, they were "likely" compounded by, rather than ameliorated by, the family's standing....Blame the parents?... not really, but blame their "class hierarchy" self-regard above the welfare of their own son.... I can see that.... And it is that same "class hierarchy" self- regard the the "state officials" here in Cunt-Etiquette (the Constipation State) have first and foremost on their minds....along with on the minds of the rest of the "upper crust"... sadly probably including the relatives of the victims.... People don't like it when I say things like this.... but it needs saying....so I mollify it a bit ("probably")...
On Wednesday, March 27, 2013 5:39:29 PM UTC-4, archytas wrote: > > I don't think we've heard the end of the Cyprus thingy. I expect the > following in the next few months: > 1. The amount of money in the Cyprus banks will turn out les than > expected > 2. A long list of worthies, including Lev, my mate in the Russian > mafia, will have moved their funds out either long before or just > after the public announcement of bail-in > 3. A whole load of dodgy securitised packages of Greek dead donkeys > and bags of rocking horse droppings will be found in Laiki as though > someone already knew it was a bad bank as far back as 2009 > 4, A lot of very ordinary people will see their life savings evaporate > 5. The price of my horse's head futures will rise as my prediction on > the market demands for complex messaging structures come in > 6. Banks in Spain, Italy and France will start emitting Hawking > radiation - Bankia in Spain has just been bailed out for more than > Cyprus and is still so worthless they are packaging up the shares in > bundles so they meet the one cent minimum quote under Spanish Law. > > Back in Blighty we are told by the BoE that our banks need £25 billion > to meet capital requirements after they take coming hits of £50 > billion. Severe under-calculation here - most bank assets across the > globe are based on an equity and property market held up by QE and > other dodges - a conservative estimate of leverage is 25 : 1 - and > they've been lying about everything else - so roughly a 4% drop in the > real assets could start wiping people out in margin calls Cyprus just > might be something good - the beginning of a strategy to go after very > large amounts of ill-gotten loot from Singapore to Switzerland - maybe > starting in Luxembourg (where financial 'assets' to GDP is 21 : 1 - it > was only 10 : 1 in Cyprus). If I was doing the enquiry, I'd have > 'systems in place' (men ashore) so no one could wire money out of > these places without my being able to track it and seize it I guess > $20 to $30 billion might be sequestratable - the means might have to > be very devious. > > It's hard to know what the numbers in this farce mean. I think a fair > example is the £25 billion 'need for capital' in UK banks. The UK > financial sector employs 4% of Brits but receives 40% of all bonuses > paid in the UK. About £60 billion have been paid out in the last 5 > years - so if they had been cut in half UK banks wouldn't need more > capital. You can see this thieving through obscene payments is a big > part of the problem. The other big element is legal Ponzi - the banks > have been able to buy investments with the criminal and tax avoiding > cash in ways that bloated property and other asset prices - this in > turn was recorded as profit on which they paid out the interest to > investors - but now these assets are falling or supported by QE etc. > They have been setting up other Ponzis (usually exchange traded funds) > that monopolize commodities like copper and food and are trying to > collapse countries to buy up toll booths (ports, airports, public > services). They can't just bury this hot money in the ground as very > large men want interest from it. My guess is the financialisation > market has already swollen to maximum possible size. Some of the > banksters may now be between a rock and a hard place and about to turn > Queen's Evidence (grass up for reduced sentences, changed > identities). A fw good cops could take down the $20 trillion plus > scam. > > On 25 Mar, 16:34, nominal9 <nomin...@yahoo.com> wrote: > > Well... it appears to have been decided..... the EU "sheriff" came to > > town,,,, and cleaned up......HAR > > > > http://www.guardian.co.uk/world/2013/mar/25/cyprus-bailout-deal-eu-cl... > > > > > > > > > > > > > > > > > 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? > > > > ... > > > > read more » > -- 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.
