New Nexus

Alan Medic Wrote: ------------------------------------------------------- > Well if you put it like that then I'd say the way > you worded it, it's more like the first option. > How do you conclude that intelligent posters are > wasting their time when by your criteria they're > obviously not intelligent? Rhetorical. They do not want intelligent discourse, only compliance.

StraferJack Wrote: ------------------------------------------------------- > What is the matter with everyone?? I called him a > nutter after about 3 posts and here we are where > everyone thinks they can still debate with him > > Your leader has spoken, pay attention or face the consequences.

Loz Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > > Truth is there has never been democracy, > capitalism, socialism, communism or any other > > (ism) human self-interest. > > OK, you are just being silly now. If that is the > level of debate, then you are wasting my time. Sorry did not mean to waste your time, best you get back to your conference call with Ben Bernanke, so glade you told him to put off QE3 until September,

Loz Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > > > Ho please, no one vote for this coalition. > > > > Democracy die years ago. Vote for a potato if > you > > like, you will still get the same old song. > > Except that QE and the bailouts were done by the > former Labour government - the coalition is > irrelevant to the issue. > > And I don't believe the crap about 'democracy > dying'. It's usually the mantra of people upset > that everyone does not vote the way *you* want > them to. Yes, people are voting for the same old, > same old, but as it has been said, "the biggest > problem with Democracy is that people tend to get > exactly the government that they deserve". > > If you don't like that, you don't like democracy. Truth is there has never been democracy, capitalism, socialism, communism or any other (ism) human self-interest. That same human self-interest, freed from regulations, has caused banks to acted like hooligans. That same human self-interest, freed from the belief of legal consequences sent kids rampaging through the street.

Huguenot Wrote: ------------------------------------------------------- > "I am a bit older than a teenager, unless over 50 > is now the new teenagers." > > You know what they say about the second childhood, No I don?t, maybe you could share your experience of said stage.

Loz Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > Could I ask you if you voted for the bank > bailouts or the Quantitative Easing > > If the answer to this is no, then you are in a > cleptocracy. > > Well, because we live in a parliamentary > democracy, the answer is actually 'yes'. The > electorate empowers the government to make > decisions like this on our behalf. > > Otherwise, your argument would also suggest that I > didn't vote for: > - My bin being emptied every week > - Any funding at all for the NHS this year > - Firefighters to be employed > - Roads and rail to be maintained > etc, etc. Ho please, no one voted for this coalition. Democracy die years ago. Vote for a potato if you like, you will still get the same old song.

*Bob* Wrote: ------------------------------------------------------- > page five - GO > > 0,file=32541 and they said it could not be done.

MissNoodlesHats Wrote: ------------------------------------------------------- > Uh oh...there she blows again > > "The rest of your post on an emerging kleptocracy > was as demented as it was foolish. It was like > noisy posturing from an attention seeking > teenager." > > Could you please refrain from this prejudiced > abuse towards the teenage population. Were you > bullied as a teenager perhaps ? > > *Removes glasses , cleans glass, and yawns * Could I ask you if you voted for the bank bailouts or the Quantitative Easing If the answer to this is no, then you are in a cleptocracy. ?via the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service.? Ps. I am a bit older than a teenager, unless over 50 is now the new teenagers.

Ridgley Wrote: ------------------------------------------------------- > I must admit NN you seem a little obsessive about > all this do you also believe in the New World > order and the symbols on the dollar bill by any > chance? The reason you believed I was a young kid, was you like to treat people inferior to your belief in your greater intellect.

Huguenot Wrote: ------------------------------------------------------- > "Let me tell you something about the New York > stock exchange in the 1990s" > > Ha ha ha, please do! > > *wipes tear from eye* > > Were you even born in the '90s? You made the assumption early in this thread that I was young, Oppp?s I was born long before the 1990?s

Loz Wrote: ------------------------------------------------------- > So, you are actually saying that all banks and > their assets should be seized by the government? Let me tell you something about the New York stock exchange in the 1990?s and this applies to all stock exchanges at that time. It was like a playground for little kids, the boys, I can?t call them men, would put bets on, among themselves, to drive a particular stock price to a designated price, up or down, not in the interest of their clients, but just so they could win their bets with their mates. This is the kind of mindset that is now 20 years later running our world economy. Alan Greenspan said in front of the Congressional hearing that he got it wrong, he did not get it wrong ? he just did not know that the hooligans had taken over ? yes he should have know, but he didn?t.

Loz Wrote: ------------------------------------------------------- > Governments seize the banking systems, and > separate the banks via Glass-Steagall Act or > equivalent. Get the banking system running as > close to normal as is possible. Close off market > access to speculators and derivatives. Ring-fence > bad debt and process via normal insolvency rules. > > > How would governments do that? It was fine for > the banks that were on the brink of failure, but > you just can't march into Goldman-Sachs and the > rest and say 'this is all owned by the government > now'. That would be challenged in the courts. > > Also, you would make some of the biggest companies > in the world worthless overnight - the knock on > effect on other businesses, pension schemes and > the rest would be calamitous for everyone. > > But, if you are just talking about 'the banking > system', then each government already controls > that. > > Having said that, I am a big fan of the separation > of High St and 'Casino' banking operations. But > that is not such a revolution and so probably not > a big enough change for you. I am sorry, but GS should be the first bank to be investigated by the FBRA, Volume trading scams Derivatives scams Greece?s debt scam. And the list goes on. And you think the ?knock on effect? of doing nothing is going to do what. Do you really think that pension funds are going to come out of this undamaged? ?each government already controls that? Just like they controlled mortgaged backed securities, they did not understand the products and vehicles then and they have not brought onboard the right expertise to handle what is going on now.

Huguenot Wrote: ------------------------------------------------------- > Hah ha ha! > > NN, I thought you said our leaders were all > thieves? And now you want them to seize the banks? > You really haven't thought this through ;-) Once again, I said seize them, not run them, just like in insolvency cases an administrator would be appointed.

Loz Wrote: ------------------------------------------------------- > OK NN, we are starting to get a glimpse behind the > cut and paste and posting of links as to what you > actually are saying. So: > > 1) You say, "No one had the decency to turn off > the banking life support system in 2008". What > would the consequences had been if they *had* > turned it off? > > 2) In general, you pose lots of problems and > forecast all sorts of doom and gloom, but what is > the solution? What are the consequences of that > solution? 1) You say, "No one had the decency to turn off the banking life support system in 2008". What would the consequences had been if they *had* turned it off? Governments seize the banking systems, and separate the banks via Glass-Steagall Act or equivalent. Get the banking system running as close to normal as is possible. Close off market access to speculators and derivatives. Ring-fence bad debt and process via normal insolvency rules. Setup international fraud crime court with special prosecutor and powers of subpoena, and international arrest warrant powers. (For starters) The 2008 debt problem has not gone away, it has been poorly managed, it is now creping from the banking sector to the real world. Kicking people in the teeth with austerity measures is a smoke screen, to get people to look at their own problems and not look at the big picture.

Huguenot Wrote: ------------------------------------------------------- > "Sorry you are wrong, capitalism is no longer the > system, fraud is the system" > > This is it, absolutely no sense of perspective - > it just sounds silly and it undermines everything > you say. > > You've made yet another false premise: that the US > and UK markets claim to be 'pure' capitalism. > They're not and never have been. > > This plaintive wheedle: "how can you have > capitalism if you do not let bad banks fail" > should be telling you something - essentially that > WE DON'T DO CAPITALISM ;-) > > We live in societies that have both capitalist and > socialist components. Nations are not so stupid to > sacrifice their interests on the altar of teenage > demands for philosophical purity. The republican party would strongly refute your claim socialism. Fraud deliberately designed and executed has brought about the emerging cleptocracy. Kleptocracy, alternatively cleptocracy or kleptarchy, from Ancient Greek: (thief) and (rule), is a term applied to a government subject to control fraud that takes advantage of governmental corruption to extend the personal wealth and political power of government officials and the ruling class (collectively, kleptocrats), via the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service. The term means "rule by thieves". Not an official form of government such as a democracy, republic, monarchy, or theocracy; a kleptocracy is rather a pejorative for a government perceived to have a particularly severe and systemic problem with the selfish misappropriation of public funds by those in power. Yes copy and paste, for the greater good

Huguenot Wrote: ------------------------------------------------------- > Your initial premise that the banking collapse was > created by fraud is wrong. Fraud certainly had a > component in the banking industry, much as it does > in every business transaction, but it was not the > dominant factor. > > As a consequence everything else is also wrong. > > I'm going to get Lady D a 'The End of the World is > Nigh' sandwich board also. > > Your craving for armageddon probably means that > you genuinely craved people to turn off banks in > 2008. I can't think of anything so short-sighted > and pointlessly destructive. Sorry you are wrong, capitalism is no longer the system, fraud is the system, how can you have capitalism if you do not let bad banks fail, how can you transfer risk to public purse and profits to private purse. Why have we not had a savings and loans style investigation, because dishonest people have block it. I am not the shortsighted one, the banks, regulators and governments are having problems seeing the issue here. I have no desire for Armageddon, but until addicts face up to their problems, their problem will get the better of them.

LadyDeliah Wrote: ------------------------------------------------------- > Just started the first clip, it is really > informative. It's a mainstream news programme > Frankito, not a rant. Explained a lot of stuff to > me. > > I'm going to watch the others on my computer > though instead of my phone. > > I now understand what the Glass-Stagall Act was > now though, unlike Katie numbers methinks! Glass-Steagall Act does not fix all issues, but it could stop banks being to big to fail, one of the problem will be when banks become to big to save, at this point you get a cascade of collapsing banks, this is why the US has a set of 69 series protocols.

Frankito Wrote: ------------------------------------------------------- > Nexi, posting You Tube snippets doesn't really > help me understand your point of view on this. It > was good for the popcorn though... > > Again, if you want to be taken seriously, please > present your argument in a logical, factual way > for us all to share. And for the record, the > industry is far from perfect and I am not > interested in defending it to the death, more in > challenging some of the gross generalisations I > hear and read and presenting some of the work > being done on various levels globally to creat > accountability and transparent.. Things that some > papers don't report on as it doesn't make for such > interesting reading to brain-washed/ washing > robots like yourself. The good thing about speakers corner, was if you did not like what some one said you could just walk on, just an idea. Reality check. Did or did we not have a collapse in the banking and financial sector: YES Was this due to fraud in said sector: YES Was the rating agency part of this fraud: YES Was the compliant officers part of this fraud: YES Was the banking regulator part of this fraud: YES Did banks go out of their way to hide debt: YES Did the banking sector lobbyist push Washington to cut regulation in the bank and financial sectors: YES Has any effective regulations been put in place to stop happening again: NO Has Glass-Steagall Act been reviewed: NO Is there a debt crises in EU: YES Is there a debt crises in US: YES No one had the decency to turn off the banking life support system in 2008, and banks, governments and regulators have been kicking the can down the road. There is a land-grab going on in the world, and as usual follow the money ? ho yes but we can?t follow the money anymore because of the machination of a MIT think-tanks. The same people are still there, what makes you think they have now reformed themselves. They are loving this money printing (QE), They have not prosecuted these people they have rewarded them. The only reason for complex derivatives is to hide debt.

katie1997 Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > katie1997 Wrote: > > > -------------------------------------------------- > > > ----- > > > I don't believe we've yet had the problems > with > > > over-population and its devasting effect on > the > > > world's resources and of course, the > > environment. > > > > > > > > > However, that leads nicely towards the human > > race > > > - the elite ruling class with power and money > > (the > > > bastards) - taking over other planets for > > > inhabitation. > > > > Once again I have no problem with capitalism ? > but > > we do not have capitalism, we have out and out > > fraud, and fraud just like a cancer will kill > it?s > > host. > > > > I notice no one has drawn reference to > > Glass-Steagall Act. > > This forum is a shadow of its former self!!! > > Really! Did no-one (no-one!!!) draw attention to > it? I'd cancel my subscription if I were you and > go where they properly appreciate this kind of > thing. You're wasted here!!! I can't believe > no-one has mentioned it yet! Don't they know > anything in East Dulwich?! Makes you wonder, it > really does!!! Message received, but for brevity it would help if you just start your post with: -Your not from around these parts are you boy-

LadyDeliah Wrote: ------------------------------------------------------- > Nexus Said: > > "You have the banks ? it?s not over, people think > the banks have open their books and all the bad > debt has been revealed. > > Sorry, one thing banks are good at is hiding > numbers. > > Let me give you an example > > 1980?s saving and loans crisis. > William K Black successfully got over a 1000 > jailed for their part in the fraud committed at > savings and loans. > > 2008 clear evidence of wide spread fraud, clear > evidence of failure by financial regulating > bodies. > No special prosecutor assigned. > No real action taken. > > Why was no special prosecutor assigned, because > he/she would have had power of subpoena." > > > I don't know anything about this so it would be > nice if you expanded a bit. It's hard to really > understand some of your points without a bit of > background. I could google it, but I doubt I'd > automatically know what sources are authoritative > or not. If you put links to good sources that > would help too. > > Thanks for bringing the debate though. Here are some helpful links. Also check out Bloomberg ? FT ? Huffington Post. http://www.youtube.com/watch?v=vTKWxqa9Z_I Classic coup d'?tat, Goldman Sacks helps Greece hide it?s debt?s allowing and knowing Greece will get in to lot?s of trouble, then get the speculators to start shorting and then naked shorting Greece. Bit like GS did when they sold their own client crap, and then they went and bet against those same clients. They got fined for that one, but they just chalk that up to ?moral hazard?, the fine was much lower then the profit they made screwing their clients twice. There are OTC derivatives, private and some other stuff. Over 700 trillion dollars out there. We have seen what happen when this stuff goes bad, banks get bailed out - we get austerity and the bonuses just keep on flowing.

Frankito Wrote: ------------------------------------------------------- > Nexus, Coincidentally, I work for an investment > bank and know a thing or two about Derivs, > Equities, FICC and the rest so pray do tell us all > you know about what they are, how they work and > how they are all so bad and then I may just start > actively listening to your 'story'. > > I am all ears.. That?s interesting ? a cancer cell asking a gamma-ray how to grow.

katie1997 Wrote: ------------------------------------------------------- > I don't believe we've yet had the problems with > over-population and its devasting effect on the > world's resources and of course, the environment. > > > However, that leads nicely towards the human race > - the elite ruling class with power and money (the > bastards) - taking over other planets for > inhabitation. Once again I have no problem with capitalism ? but we do not have capitalism, we have out and out fraud, and fraud just like a cancer will kill it?s host. I notice no one has drawn reference to Glass-Steagall Act.

*Bob* Wrote: ------------------------------------------------------- > I think I've got it now. > > We've had the banks. Next comes the insurance and > pensions. Then the Reichstag burns down, and Obama > swiftly annexes Poland. And I think we all know > how the story ends. > > Am I right? You have the banks ? it?s not over, people think the banks have open their books and all the bad debt has been revealed. Sorry, one thing banks are good at is hiding numbers. Let me give you an example 1980?s saving and loans crisis. William K Black successfully got over a 1000 jailed for their part in the fraud committed at savings and loans. 2008 clear evidence of wide spread fraud, clear evidence of failure by financial regulating bodies. No special prosecutor assigned. No real action taken. Why was no special prosecutor assigned, because he/she would have had power of subpoena.

*Bob* Wrote: ------------------------------------------------------- > When will the Reichstag burn down again though? In > between the insurance and pensions timebombs, or > before both? > > Can someone clarify? "Those Who Forget History Are Doomed to Repeat It"

Santerme Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > Santerme Wrote: > > > -------------------------------------------------- > > > ----- > > > New Nexus Wrote: > > > > > > -------------------------------------------------- > > > > Thanks I have a History degree and run a business > in the USA, so I still call nonsense on the > comparison. History degree, cool Who recently got fined $300k for violation of the Logan act ?. It?s a great shame we do not have a Logan act here in the UK, could do something about that god-awful Osborne.