Necrophilia on Wall Street, egomania at the BIS, false history from the EC
Miss America and Wall St….still on the job
Two major Wall Street firms are in detailed discussions to create and
sell the world’s first bond backed by home-rental payments, people
familiar with the matter say. Investors still are hungry for the high
returns that are likely to accompany a first-of-its-kind deal, which
would be viewed as more risky than well-known securities. The top-rated
slice could receive a rating as high as single-A or triple-B from some
of the credit-rating firms, some of the people familiar with the deal
add. The structure of the deal would be similar to better-known
securities, such as those backed by home or commercial mortgages.
The Slog: Well that sounds nice and safe, what? Absolutely spiffing idea. Here’s another gem via Yahoo finance (my emphasis):
“From the 1950s to the 1990s the Bank for International
Settlements (BIS) hosted much of the planning and technical preparation
for the introduction of the euro. Without the BIS, the euro would
probably not exist. In 1994, Alexander Lamfalussy, the former BIS
manager, set up the European Monetary Institute, now known as the
European Central Bank.
The BIS remains very profitable. It has only about 140 customers (it refuses to say how many) but made a tax-free profit of about £900 million last year.
Every other month it hosts the Global Economy Meetings, where 60 of the
most powerful central bankers, including Mark Carney, Governor of the
Bank of England, meet. No details of meetings are released, even though
the attendees are public servants, charged with managing national
economies. The BIS also hosts the Basel Committee on Banking
Supervision, which regulates commercial banks, and the new Financial
Stability Board, which coordinates national regulatory authorities. The
BIS has made itself the central pillar of the global financial system.”
So here we just might be – at last – understanding why this
f**kwitted currency was invented, and why Draghula and his chums will do
anything and spend any amount – including the rape of Cyprus and the
starvation of Greece – to keep the thing going. It’s called profits for a
few hundred people while millions starve.
And yet another from that fine Greek expat, Dean Plassaras (again, my emphases):
‘Germany maintains a € 3 billion trade surplus with Greece, which means that Germany outsells the assistance needed by Greece almost on a 3:1 ratio basis….Greece
is experiencing only a 5% export growth from the EU 27 (during a period
that Greece is forcibly asked to turn extrovert) and a 16.4% export
growth from elsewhere.’More specifically, Greece is experiencing a
Year-to-Date export growth of 7.4% to France, [BUT]: 35.8% export
growth to Italy and 40.2% export growth to Spain. The rest of Greece’s
phenomenal export growth comes from North Africa with Morocco, Algeria,
Libya and Egypt leading the way. And let’s not forget Turkey with 30.2%
export growth which is now clearly the number #1 export market for
Greece (almost the size of 3 Germanys). So what is this picture telling
you? The obvious I think; namely that Greece
is a sea faring nation which since antiquity has traded with the
Mediterranean and has built its wealth on Med trade. And you don’t have
to be in the EU to do that.‘
This is a brilliantly succinct analysis by Dean, but above all it is a
damning indictment of the hypocritical falsehoods pouring daily from
Wolfie Wheelchair and his dumbo accomplices Olga RaininSpain and Klosed
Wriggling. As I’ve been saying since mid 2011, Greece holds all the
cards – and with just one straight, unpolluted and wise political
leader, they could’ve told Merkel and her German tabloid allies where to
stick their altered history. It looks to me like Tsipras may still be
that bloke…despite his top-out in the opinion polls.
So once more here at Slogger’s Roost, I can describe the crimes, but
not the motive in any really useful sense. Given the current context,
why would you launch the most insane collateral form in history since
tulips? Why – given that we are near the edge here – would you screw
millions to give profits to hundreds? And why – given it’s clearly a
potential profit centre for the eurozone finances – would you continue
punishing Greece for taking free money when it was offered to them by
Gold Insacks and the ECB under Jean-Fraud Cliché?
There will of course be hundreds of contributory sub-agendas,
backhanders, geopolitics, fat slobs and call girls to be taken into
consideration re this one. But the underlying answer lies thinly veiled
within the species-and-culture room, possibly numbered 101. Sorry if my
insistence on this is getting tedious, but for newcomers it can act as a
compass as to the site’s raison d’être.
Footnote: since I changed the
emphasis of The Slog back towards analysis and comment – and away from
news ‘exclusives’ – daily site hits have fallen by 18%. This doesn’t
bother me, as in an attention-span-of-a-gnat culture, quality
is likely to be vastly more important in the long term than quantity. In
the immediate term (ie, the last week) there’s been a dip of a further
3%. I’m fairly certain this is a direct consequence of Holohoax spats –
and The Slog more actively berating the Left for its not very splendidly
isolationist attitude towards creating a common Front against Evil.
I’ve no intention of changing my attitude towards mad Holocaust deniers
or insular Guardianistas and 101 feminists, because I believe empiricism
will always triumph over archaic agendas. I’m sure this will come as a
great relief to loyal, genuine Sloggers.
Never forget the old adage: “Eat
sh*t, seventy zillion flies can’t be wrong”. But major respect to Tom
Watson in the midst of all this tribal onanism.
No comments:
Post a Comment