Daily Digest 4/5 - The Villan, 21st Century Global Oil Risks, Pakistan And India To War Over Water?
- More Evidence of Fraud: MF Global's Inscrutable Accounting Error - Who Shot Jon?
- Race to Debase - 2012 Q1 - Fiat Currencies vs Gold & Silver
- Global Oil Risks in the Early 21st Century
- You Ain't Seen Nothing Yet - Part Three
- A Response To Ben Bernanke’s ‘Misunderstanding’ About The Gold Standard
- Next Great Depression? MIT researchers predict ‘global economic collapse’ by 2030
- The Villan
- Self-Sustaining Solar Reactor Creates Clean Hydrogen Fuel
- Pakistan And India To Go To War Over Water?
I wonder if there were CDS and stock options that paid off with their bankruptcy. Who benefited from the failure of one of the larger clearing brokers serving the retail customer? Who held the other side of MF Global's trades?
Besides Edith O'Brien and Jon Corzine, the parties with the greatest insight into MF Global's positions and financial structure were JP Morgan and Goldman Sachs based on the reports that I have read. As Francine McKenna has said, JPM knew MF Global 'all too well.'
Closing the first quarter of lap 2012, we are again tracking the performance of gold and silver bullion versus 75 different fiat currencies being debased around the world.
An economy needs energy to produce goods and deliver services and the size of an economy is highly correlated with how much energy it uses (Brown et al., 2010a, Warr and Ayers, 2010). Oil has been a key element of the growing economy. Since 1845, oil production has increased from virtually nothing to approximately 86 million barrels per day (Mb/d) today (IEA, 2010), which has permitted living standards to increase around the world. In 2004 oil production growth stopped while energy hungry and growing countries like China and India continued increasing their demand. A global price spike was the result, which was closely followed by a price crash. Since 2004 world oil production has remained within 5% of its peak despite historically high prices.
I agree with Neil Howe that the country’s reaction to an adverse financial event will be the likely regeneracy moment. The explosive mixture of the five D’s will provide the spark for the next phase: Debt; Derivatives; Default; Devaluation; and ultimately Depression. There is no way to deny the $15.6 trillion of debt this country has accumulated, with $10 trillion of it added since 2000. The debt ceiling of $16.4 trillion will be breached in October 2012 at the current rate of extreme spending. This should set up an interesting dynamic just prior to the November elections. A replay of the August 2011 showdown could be disastrous for Obama if the stock market were to crater again.
Before I get into your specious claims, I want to point out two of important facts. First, the gold standard exists when people are free to choose what they wish to use for money. Gold has won this market competition over thousands of years. When people are not forced to use government-issued scrip they choose gold. And, Mr. Bernanke, the shabby little secret of your irredeemable paper money is that you have a money monopoly (legal tender laws) and can force creditors to accept it. Why won’t you let people be “free to choose”?
The Smithsonian notes that several experts strongly objected to "The Limit of Growth's" findings, including the late Yale economist Henry Wallich, who for 12 years served as a governor of the Federal Research Board and was its chief international economics expert. At the time, Wallich said attempting to regulate economic growth would be equal to "consigning billions to permanent poverty."
Turner says that perhaps the most startling find from the study is that the results of the computer scenarios were nearly identical to those predicted in similar computer scenarios used as the basis for "The Limits to Growth."
The Villan (Dana T.)
Bernanke’s unconventional programs have been implemented in two phases. During the financial crisis of 2007–09, he bailed out a handful of large banks and devised a series of innovative lending operations to disperse credit to banks, small businesses, and consumers (virtually all of these loans have been repaid at a profit to taxpayers). He also lowered short-term interest rates to nearly zero and made private banks run a gantlet of stress tests to ensure some minimal level of solvency going forward. Although fierce anger against the bailouts persists, there is little argument that this first stage was a success. However untidily the rescue was managed, the financial crisis is over
The testing will prove how good (or bad) the reactor is when concentrated light equal to 10,000 suns is fed into it. The important things to prove include how reliable the reactor is, and whether the amount of hydrogen produced is significant enough to warrant taking the project beyond the prototype stage.
Pakistan And India To Go To War Over Water? (James S.)
Lahore’s “The Nation’ newspaper on Sunday published an editorial entitled, “War with India inevitable: Nizami,” the newspaper’s Editor-in-Chief and Nazaria-i-Pakistan Trust Chairman, Majid Nizami, asked his fellow citizens to prepare for a war with India over water issues. Nizami told those attending the “Pakistan-India relations; Our rulers- new wishes” session at Aiwan-e-Karkunan Tehrik-e-Pakistan, which he chaired, “Indian hostilities and conspiracies against the country will never end until she is taught a lesson.”
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