Ben Bernanke intervjuas i november 2006. Inkompetensen är skrämmande. Sen blev han chef för Federal Reserve!
01 december 2009
26 november 2009
Bara guldet glänser när molnen hopar sig.
Guldprisets styrka beror inte på inflationshot utan på att en ny stor finanskris är under uppsegling. Det är inte dagens krasch i Dubai som utlöser den. Dubai är bara ett litet förspel. Var den svarta svanen dyker upp är svårt att säga men det finns massor av kandiater. Här följer några!- Japans statsskuld och budgetunderskott är av bisarr storleksordning och förvärras för varje dag, deflation råder och befolkningen åldras snabbt!
- Kinas ekonomi är en enda stor bubbla som kan punkteras när som helst!
- Problemen i det europeiska banksystemet är oöverstigliga. Förutom i östeuropa kan krascher utlösas av Grekland, Spanien eller andra konkursmässiga stater.
- Det långsamma dollarfallet kan antaga panikartade dimensioner när sedelpressarna i Washington löper amok!
- Ofta startar en katastrof där man minst anar det. Förmodligen även nu!
17 november 2009
Korruptionsindex 2009.
Internationell kriminalitet slår nya rekord för varje år och hotar oss alla. Här följer korruptionsindex för 2009, från bästa till sämsta land! Rysslands usla placering skrämmer mest.
....
1. Nya Zealand
2. Danmark
3. Singapore
4. Sverige
5. Schweiz
6. Finland
7. Holland
8. Australien
9. Kanada
10. Island
....
17. Japan
18. Storbritannien
19. USA
20. Barbados
....
63. Italien
....
88. Thailand
....
120. Vietnam
....
137. Nigeria
....
148. Kenya
149. Ryssland
150. Sierra Leone
....
176. Irak
177. Sudan
178. Burma
179. Afghanistan
180. Somalia
16 november 2009
Guldet fortsätter mot nya höjder!
- Den ädla metallen nådde idag nya rekodpriset 1143 dollar.
- Dollarn är fortsatt svag och det lär bli värre!
- De enorma bubblorna på börser och råvarumarknader fortsätter att svälla i dollarrasets spår! Här räknar jag personligen icke in guldprsiet som ju alltid är en försäkring mot orostider!
03 november 2009
Janet Tavakoli.
Ett knivskarpt intellekt avslöjar bankirers och politikers inkompetens! En klok sanningssökare avlyssnar denna intervju noga!
Guld och åter guld!
Indien köpte överraskande 200 ton guld av IMF till ett snittpris av 1045 dollar/troz. Kina var annars favoriten på förhand.Indiska centralbankens intresse för guld har drivit upp dagsnoteringen på guld till nya höjder. Vi har 1100 dollar inom räckhåll och det kanske redan idag. Nästa riktvärde är 1300 dollar. Det värsta av finanskrisen ligger framför oss och inte bakom oss och detta faktum lär också driva på guldpriset när förtroendet för vårdlösa centralbanker och paperspengar sviktar.
Det är det totala skuldberget i hela världen som orsakat finanskrisen och den depression som kommer att följa. Det är både matematiskt och rent fysiskt omöjligt att betala av på detta bisarra skuldberg eftersom hela planetens ekonomiska utveckling bygger på ständigt stigande utlåning.
Här följer världens mest skuldsatta länder i repris. Det handlar om offentlig och privat skuldsättning i förhållande till BNP som varje land har i utlandsskuld! Det finns givetvis en tillgångssida som för vissa länder är extremt gynnsam (tex Norge).
- 1267 %, Irland
- 423 %, Schweiz
- 408 %, Storbritannien
- 365 %, Holland
- 320 %, Belgien
- 298 %, Danmark
- 253 %, Österrike
- 236 %, Frankrike
- 214 %, Portugal
- 206 %, Hong Kong
- 199 %, Norge
- 194 %, Sverige
- 189 %, Finland
- 179 %, Tyskland
- 172 %, Spanien
- 161 %, Grekland
- 127 %, Italien
- 111 %, Australien
- 106 %, Ungern
- 94 %, USA
22 oktober 2009
Ett imperium på nedgång, bananrepublik eller misslyckad statsbildning?
Några inlägg om en kraschande stormakt!
....
U.S. Empire in Decline, on Collision Course with China. (by Aaron Task).
The U.S. is an empire in decline, according to Niall Ferguson, Harvard professor and author of The Ascent of Money.
"People have predicted the end of America in the past and been wrong," Ferguson concedes. "But let's face it: If you're trying to borrow $9 trillion to save your financial system...and already half your public debt held by foreigners, it's not really the conduct of rising empires, is it?"
Given its massive deficits and overseas military adventures, America today is similar to the Spanish Empire in the 17th century and Britain's in the 20th, he says. "Excessive debt is usually a predictor of subsequent trouble."
Putting a finer point on it, Ferguson says America today is comparable to Britain circa 1900: a dominant empire underestimating the rise of a new power. In Britain's case back then it was Germany; in America's case today, it's China.
"When China's economy is equal in size to that of the U.S., which could come as early as 2027...it means China becomes not only a major economic competitor - it's that already, it then becomes a diplomatic competitor and a military competitor," the history professor declares.
America’s Banana Republic Economy. (by James Pethokoukis)."People have predicted the end of America in the past and been wrong," Ferguson concedes. "But let's face it: If you're trying to borrow $9 trillion to save your financial system...and already half your public debt held by foreigners, it's not really the conduct of rising empires, is it?"
Given its massive deficits and overseas military adventures, America today is similar to the Spanish Empire in the 17th century and Britain's in the 20th, he says. "Excessive debt is usually a predictor of subsequent trouble."
Putting a finer point on it, Ferguson says America today is comparable to Britain circa 1900: a dominant empire underestimating the rise of a new power. In Britain's case back then it was Germany; in America's case today, it's China.
"When China's economy is equal in size to that of the U.S., which could come as early as 2027...it means China becomes not only a major economic competitor - it's that already, it then becomes a diplomatic competitor and a military competitor," the history professor declares.
Is the decline in the dollar merely a “return to normalcy” story, as many bulls contend, and not a harbinger of a coming currency crisis?
Short version: The 2008 financial crisis and ensuing collapse in confidence drove investors to dollars and dollar-based instruments. And as the crisis has ebbed, investors are rebalancing back toward riskier assets.
Thus the falling dollar should rightly be interpreted as a sign of “new economic optimism,” argues JPMorgan Chase economist Jim Glassman.
Then again, perhaps future economic historians will look back at this stage of the dollar’s decline as the currency calm before the storm. Because at some point, investors may suddenly realize that America’s already somewhat devalued currency should not be trusted.
As Senator Judd Gregg, a New Hampshire Republican and noted budget hawk, said recently, “We’re basically on the path to a banana-republic type of financial situation in this country … You can’t keep throwing debt on top of debt.”
Short version: The 2008 financial crisis and ensuing collapse in confidence drove investors to dollars and dollar-based instruments. And as the crisis has ebbed, investors are rebalancing back toward riskier assets.
Thus the falling dollar should rightly be interpreted as a sign of “new economic optimism,” argues JPMorgan Chase economist Jim Glassman.
Then again, perhaps future economic historians will look back at this stage of the dollar’s decline as the currency calm before the storm. Because at some point, investors may suddenly realize that America’s already somewhat devalued currency should not be trusted.
As Senator Judd Gregg, a New Hampshire Republican and noted budget hawk, said recently, “We’re basically on the path to a banana-republic type of financial situation in this country … You can’t keep throwing debt on top of debt.”
U.S. Joins Ranks of Failed States. (by Paul Craig Roberts).
The U.S. has every characteristic of a failed state.
The U.S. government's current operating budget is dependent on foreign financing and money creation.
Too politically weak to be able to advance its interests through diplomacy, the U.S. relies on terrorism and military aggression.
Costs are out of control, and priorities are skewed in the interest of rich organized interest groups at the expense of the vast majority of citizens. For example, war at all cost — which enriches the armaments industry, the officer corps and the financial firms that handle the war's financing — takes precedence over the needs of American citizens. There is no money to provide the uninsured with health care, but Pentagon officials have told the Defense Appropriations Subcommittee in the House that every gallon of gasoline delivered to U.S. troops in Afghanistan costs American taxpayers $400.
"It is a number that we were not aware of, and it is worrisome," said Rep. John Murtha, chairman of the subcommittee.
According to reports, the U.S. Marines in Afghanistan use 800,000 gallons of gasoline per day. At $400 per gallon, that comes to a $320,000,000 daily fuel bill for the Marines alone. Only a country totally out of control would squander resources in this way.
While the U.S. government squanders $400 per gallon of gasoline in order to kill women and children in Afghanistan, many millions of Americans have lost their jobs and their homes and are experiencing the kind of misery that is the daily life of poor Third World peoples. Americans are living in their cars and in public parks. America's cities, towns and states are suffering from the costs of economic dislocations and the reduction in tax revenues from the economy's decline. Yet, Obama has sent more troops to Afghanistan, a country halfway around the world that is not a threat to America.
It costs $750,000 per year for each soldier we have in Afghanistan. The soldiers, who are at risk of life and limb, are paid a pittance, but all of the privatized services to the military are rolling in excess profits. One of the great frauds perpetuated on the American people was the privatization of services that the U.S. military traditionally performed for itself. "Our" elected leaders could not resist any opportunity to create at taxpayers' expense private wealth that could be recycled to politicians in campaign contributions.
Republicans and Democrats on the take from the private insurance companies maintain that the U.S. cannot afford to provide Americans with health care and that cuts must be made even in Social Security and Medicare. So how can the U.S. afford bankrupting wars, much less totally pointless wars that serve no American interest?
The enormous scale of foreign borrowing and money creation necessary to finance Washington's wars are sending the dollar to historic lows. The dollar has even experienced large declines relative to currencies of Third World countries such as Botswana and Brazil. The decline in the dollar's value reduces the purchasing power of Americans' already declining incomes.
The regulatory agencies have been corrupted by private interests. "Frontline" reports that Alan Greenspan, Robert Rubin and Larry Summers blocked Brooksley Born, the head of the Commodity Futures Trading Commission, from regulating derivatives. President Obama rewarded Larry Summers for his idiocy by appointing him director of the National Economic Council. What this means is that profits for Wall Street will continue to be leeched from the diminishing blood supply of the American economy.
An unmistakable sign of Third World despotism is a police force that sees the pubic as the enemy. Thanks to the federal government, our local police forces are now militarized and imbued with hostile attitudes toward the public. SWAT teams have proliferated, and even small towns now have police forces with the firepower of U.S. Special Forces.
In any failed state, the greatest threat to the population comes from the government and the police. That is certainly the situation today in the U.S.A. Americans have no greater enemy than their own government. Washington is controlled by interest groups that enrich themselves at the expense of the American people.
The 1 percent that comprise the superrich are laughing as they say, "Let them eat cake."
The U.S. government's current operating budget is dependent on foreign financing and money creation.
Too politically weak to be able to advance its interests through diplomacy, the U.S. relies on terrorism and military aggression.
Costs are out of control, and priorities are skewed in the interest of rich organized interest groups at the expense of the vast majority of citizens. For example, war at all cost — which enriches the armaments industry, the officer corps and the financial firms that handle the war's financing — takes precedence over the needs of American citizens. There is no money to provide the uninsured with health care, but Pentagon officials have told the Defense Appropriations Subcommittee in the House that every gallon of gasoline delivered to U.S. troops in Afghanistan costs American taxpayers $400.
"It is a number that we were not aware of, and it is worrisome," said Rep. John Murtha, chairman of the subcommittee.
According to reports, the U.S. Marines in Afghanistan use 800,000 gallons of gasoline per day. At $400 per gallon, that comes to a $320,000,000 daily fuel bill for the Marines alone. Only a country totally out of control would squander resources in this way.
While the U.S. government squanders $400 per gallon of gasoline in order to kill women and children in Afghanistan, many millions of Americans have lost their jobs and their homes and are experiencing the kind of misery that is the daily life of poor Third World peoples. Americans are living in their cars and in public parks. America's cities, towns and states are suffering from the costs of economic dislocations and the reduction in tax revenues from the economy's decline. Yet, Obama has sent more troops to Afghanistan, a country halfway around the world that is not a threat to America.
It costs $750,000 per year for each soldier we have in Afghanistan. The soldiers, who are at risk of life and limb, are paid a pittance, but all of the privatized services to the military are rolling in excess profits. One of the great frauds perpetuated on the American people was the privatization of services that the U.S. military traditionally performed for itself. "Our" elected leaders could not resist any opportunity to create at taxpayers' expense private wealth that could be recycled to politicians in campaign contributions.
Republicans and Democrats on the take from the private insurance companies maintain that the U.S. cannot afford to provide Americans with health care and that cuts must be made even in Social Security and Medicare. So how can the U.S. afford bankrupting wars, much less totally pointless wars that serve no American interest?
The enormous scale of foreign borrowing and money creation necessary to finance Washington's wars are sending the dollar to historic lows. The dollar has even experienced large declines relative to currencies of Third World countries such as Botswana and Brazil. The decline in the dollar's value reduces the purchasing power of Americans' already declining incomes.
The regulatory agencies have been corrupted by private interests. "Frontline" reports that Alan Greenspan, Robert Rubin and Larry Summers blocked Brooksley Born, the head of the Commodity Futures Trading Commission, from regulating derivatives. President Obama rewarded Larry Summers for his idiocy by appointing him director of the National Economic Council. What this means is that profits for Wall Street will continue to be leeched from the diminishing blood supply of the American economy.
An unmistakable sign of Third World despotism is a police force that sees the pubic as the enemy. Thanks to the federal government, our local police forces are now militarized and imbued with hostile attitudes toward the public. SWAT teams have proliferated, and even small towns now have police forces with the firepower of U.S. Special Forces.
In any failed state, the greatest threat to the population comes from the government and the police. That is certainly the situation today in the U.S.A. Americans have no greater enemy than their own government. Washington is controlled by interest groups that enrich themselves at the expense of the American people.
The 1 percent that comprise the superrich are laughing as they say, "Let them eat cake."
21 oktober 2009
140.000.000.000 dollar i bonusar kommer att regna över USA:s bankirer.
"Collapse is now inevitable", säger Marc Faber.
Capitalism has been the engine driving America and the global economies for over two centuries. Marc Faber predicts its collapse will trigger global "wars, massive government-debt defaults, and the impoverishment of large segments of Western society." Faber knows that capitalism is not working, capitalism has peaked, and the collapse of capitalism is "inevitable."When? He hesitates: "But what I don't know is whether this final collapse, which is inevitable, will occur tomorrow, or in five or 10 years, and whether it will occur with the Dow at 100,000 and gold at $50,000 per ounce or even confiscated, or with the Dow at 3,000 and gold at $1,000." But the end is inevitable, a historical imperative".
Annars är även Ron Paul, en av USA:s klokaste poltiker, värd att lyssnas på!
18 oktober 2009
Guld.
158000 ton guld har utvunnits i världen.- I många år har det varit det populärt i många länder att sälja ut statligt guld, ofta till vrakpriser.
- Mest ökänd är Storbritanniens Gordon Brown som 1999-2002 sålde ut 395 ton guld till det genomsnittliga vrakpriset $275,6 (25 % av dagens pris). Det var hälftens av det guld som landet samlat på sig under 1000 år. Även svenska riksbanken har slarvat bort stora mängder guld på samma perversa vis!
- Hur ser då innehaven ut bland världens centralbanker "just nu"? Förändringar sker annars dagligen även om större utförsäljningar i stort sett upphört under 2009. Den gamla historiska sanningen att guld alltid inger förtroende, jämfört med papperslappar och dylikt som kan produceras i obegränsad mängd, (vilket just nu sker "överallt"), är åter högsta mode! Här följer en lista. Italien överraskar positivt.
1. USA, 8947 ton.2. Tyskland, 3749 ton.3. IMF, 3539.4. Italien, 2697.5. Frankrike, 2690.6. Kina, 1159.7. Schweiz, 1141.8. Japan 842.9. Holland, 674.10. Ryssland 625.11. ECB, 552.12. Taiwan 466.13. Portugal 461.14. Indien 393.15. Venezuela 392.18. Storbritannien, 310.26. Sverige, 136.34. Thailand 87.62. Kambodja 12.89. Island 2.108.Costa Rica, 100 kg.
10 oktober 2009
Diverse synpunkter.
- Det internationella guldpriset satte nytt rekord igår för tredje dagen i följd, med en toppnotering på drygt 1058 dollar per uns. Samtidigt fortsatte dollarn att vara svag.Totalt sett har guldpriset stigit med ungefär 20 procent i år och cirka 40 procent sedan investmentbanken Lehman Brothers gick omkull i september förra året. Bakom guldets aktuella prisuppgång ligger en köpvåg som analytiker förklarar både med dollarns svaghet och med en växande inflationsoro efter de enorma stödinsatser som regeringar och centralbanker genomfört över hela världen.
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