New Nexus

If you think the way money comes into being is a con, take a look at (TARP) Troubled Asset Relief Program. 2010-2011 one U.S. banking arm acquired hundreds of bad mortgages for pennies on the dollar, then pushed them through the TARP for 100% of face value. So as people are getting clicked out their home, banks are still screwing the system.

Loz Wrote: ------------------------------------------------------- > Doesn't make it the correct usage of the word, > though. Two wrongs, and all that. > > Anyway, did they use rioting and vandalizing as > well? Or are you avoiding that question now? We could nit-pick words all day if you want. The realty is that fraudulent banking sector has coursed more damage to the world?s economy than silly kids in hoodies. This was / is a planed coup d'?tat by bankers and financial entireties to usurp the legislature arm and the judicial arm. Who voted for the stealth tax known as Quantitative Easing?, which feeds speculators and thus inflation, Yes inflation is no bad thing, when it is a price discovery mechanism. This is not a price discovery mechanism, it is out of control gambling addiction by speculators, and the regulators are not just asleep at the wheel they are drunk at the wheel. Fed to keep rates at basically zero for two years = QE3, QE4, QE5 Etc. All empires over stretch themselves militarily and financially before they collapse (ring any bells) and every empire thinks itself impervious to collapse. Yes the world will still be here tomorrow, but what kind of world? One the we chose or one that has been chosen for us

*Bob* Wrote: ------------------------------------------------------- > no no NO, Nexus > > We're only on page three. Hitler should appear no > earlier than page five. Rules are rules. Nice one

Santerme Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > Santerme Wrote: > > > -------------------------------------------------- > > > ----- > > > I live four to five months of the year in the > > > US....all is well, don't worry so much! > > > > Patriot Act aka Enabling Act > > > > > > > > That comparison is fatuous and lazy thinking. Some Jews in Germany in 1930?s believed that Hitler was a joke and that he would be around for about 6 months then kicked out. Then the Reichstag building burnt down ? would anyone like to finish this story? Please go and check out Prescott Bush, then look up who signed in to law the Patriot Act.

Undisputedtruth Wrote: ------------------------------------------------------- > If the Treasury, Bank of England and the FSA > couldn't understand the events leading to the > banking crisis, what chance EDF have in > understanding future financial dissaters? > > NewNexus mentions derivatives but he should also > talk about gearing/ margin trading and this should > give you the scale of future financial losses. I was trying to ease people in gently, start with the simple stuff. Yes folks there?s more.

Loz Wrote: ------------------------------------------------------- > Yes, it does say ?typically during a war?. It > also specifically says 'goods'. > > Fail. > > Do you want to try to justify your charges of > rioting and vandalizing as well, or are you > quietly withdrawing those. The Telegraph, FT, Bloomberg and BBC use the term looting when talking about banking sector misconduct. But the great oracle Loz knows better than all, please don?t scream and scream until you make yourself sick.

Loz Wrote: ------------------------------------------------------- > Let me help you, NN. > > looting (verb) > > Steal goods from (a place), typically during a > war or riot > - police confronted the rioters who were > looting shops > > Steal (goods) in such circumstances > - tons of food aid awaiting distribution > had been looted > > Try again. ?typically during a war? ? how many wars are the US and UK in at the moment, or are we calling them police actions. Typically not exclusively. Be as anal as you like.

Loz Wrote: ------------------------------------------------------- > Please go and look up the definition of 'looting' > and then explain why it was. The maker of cardboard boxes, which surged above International Paper Co. (IP)?s unsolicited offer of $30.60 a share after rejecting it in June, has since lost almost all the 50 percent gain as the U.S. economy sputtered and it was sued for ?fraudulently looting? a former unit?s assets. The gap between Temple-Inland?s price of $22.75 and International Paper?s proposal is now wider than any pending U.S. deal valued at $1 billion or more, according to data compiled by Bloomberg. The lawsuit claims that Temple-Inland, which spun off Guaranty Financial Group Inc. (GFGFQ) in 2007, and the former subsidary?s directors and officials caused its failure ??by fraudulently looting? assets exceeding $1 billion. The suit was filed in federal court in Dallas Aug. 22 by Kenneth L. Tepper, the liquidation trustee for Guaranty Financial. A federal jury found Brooks guilty last year of committing a $185 million fraud and looting the company, formerly called DHB Industries Inc., to pay for personal expenses. Three tax counts were separated from the other charges he was convicted of, including insider-trading, fraud and obstruction of justice. He has asked for a new trial on those charges. I can go through Bloomberg all day and find hundreds more, and that?s just one publication.

katie1997 Wrote: ------------------------------------------------------- > Do you have an undisputed relative on here by any > chance? Sorry I don?t know if your are addressing me, and if so I don?t understand the question.

Brendan Wrote: ------------------------------------------------------- > UK's consitution is pretty well set out actually. > Just not in one place. Arguably this is better > because if someone wants to bugger about with it > they can only change one aspect at a time and not > throw the baby out with the bath water. Yes the UK has a constitution, it's called shut up and do as your told. This brings to mind a quote attributed to Margret Thatcher. ?A shiver ran along the back benches, looking for a spine to run down.?

Loz Wrote: ------------------------------------------------------- > New Nexus Wrote: > -------------------------------------------------- > ----- > > Santerme Wrote: > > > -------------------------------------------------- > > > ----- > > > I live four to five months of the year in the > > > US....all is well, don't worry so much! > > > > Patriot Act aka Enabling Act > > > > > > You'll be very pleased to know the Daily Mail is > in full agreement with you... > http://www.dailymail.co.uk/news/article-1392653/Po > lice-officers-body-slammed-dancing-protesters-insi > de-Jefferson-Memorial-face-investigation.html > > But it does go to prove that America is slightly > nuts. They have a pretty well set out > constitution (something the UK could do with), but > still manage this sort of stuff. Bush kicked the SXXt out of the constitution, Patriot Act, homeland security Act Etc. No big surprise there, just look at his granddaddy Prescott Bush. http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar

Loz Wrote: ------------------------------------------------------- > Oh, so participating in financial transactions > with people now gets classed as "rioting, > vandalizing and looting"? > > Hyperbole. Please go check out Glass-Steagall Act, then tell me this was not looting.

The guy that lied about the need for war (Mr. dodgy dossier) The guy that walked straight out of number 10 and into JP Morgan?s for 2 million a year ? does anyone remember how much Kuwait slipped Mr. Teflon? Yes I would say there has been a decline in Mr. Blair?s moral?s.

Santerme Wrote: ------------------------------------------------------- > I live four to five months of the year in the > US....all is well, don't worry so much! Patriot Act aka Enabling Act

Huguenot Wrote: ------------------------------------------------------- > I think characterising financial practitioners as > thugs is going a little far don't you? Some of these ?financial practitioners? are still walking the streets after rioting, vandalizing and looting the worlds economy. I have a much more colorful name for them.

sfhyouthforum Wrote: ------------------------------------------------------- > The fact that spelling seems to be such an issue > does highlight the exclusivity of such forums. > > In reply to the OP, I'll be glad when oil runs > low. Then out come all the new and inventive ways > to manipulate wind, waves and solar electricity > without the stink of fumes. Or as some conspiracy > theorists have already mentioned - the plans for > these vehicles are sitting in the safety boxes of > compnies like Shell, and have been for years! > Also, I would lend your ears to people like David > Boyle and the New Economics Foundatinon - they > have loads to say on money and how we view and > value it. I mean, drop a ton of gold in the > middle of a famine region with no infrastructure > or transport and what can it do to help? Thank you for your comments Regarding oil running out and new forms of energy It would take 15 to 20 years to get 10% of the west up and running again on electric cars ? this raises social question as to what 10% will gets transport. Petrol chemical hydrocarbons are also used to produce plastics, fertilizer, it takes 6 gallons of oil to make one car tire. When oil runs out people are prone to burn anything to keep warm, this extensively means coal. To scale up production of renewable, you need lots of hydrocarbons, here in lays the paradox. ?Dig a well before you get thirsty, you need time to get things wrong, you need time to get thing right.? Nicole Foss

Jeremy Wrote: ------------------------------------------------------- > > I'm more interested as to why all hell will break > loose when they are marked to market (even though > they routinely are already). Rating agencies and compliance officers have still not got a handle on the complexity of derivatives, just like they did not have a clue about mortgage backed securities, and who ended up paying for that little mishap, yes all of us, and are still paying. Derivatives are theoretical entireties, they have no worth in themselves, they are machination of a MIT think-tank.

Huguenot Wrote: ------------------------------------------------------- > "If you know a knife or hammer is going to be > abused then yes you ban it" > > Well there you go - it's there in a nutshell. > Drastic solutions to an extraordinarily > disproportionate fear. Sorry but how is it a ?Drastic solutions? not to sell knives and hammers to riots and thugs?

Huguenot Wrote: ------------------------------------------------------- > New Nexus, that's like saying you should ban > knives because they can be used to stab people, or > we should ban hammers because they can be used to > hit people. > > We'd have no food and no houses... > > You misunderstand financial products, take extreme > positions, incorrectly claim them to be > commonplace, and then use that as justification to > trash the entire system. > > Nearly every single finanical concept you've > attacked you've done so on a false premise. > > I'm not defending financial malpractice, I'm just > refusing to take your evident misunderstandings > and accellerate them to apocalyptic proportions. If you know a knife or hammer is going to be abused then yes you ban it, or are you advocating selling such items to riots - no you are not, common sense prevails. We all know what these products are going to be used for ? JP Morgan, Goldman Sacks, Chase and all the rest, do not recruit from MIT because of numerical excellence but because of numerical complexity they can deploy. Glass-Steagall Act has gone, rock on Charles Ponzi

Jeremy Wrote: ------------------------------------------------------- > Why is a CDS rubbish? What?s wrong with me insuring my neighbors house then go burn down that house and claim on the insurance. Short or naked short the vehicle can be used the same

Huguenot Wrote: ------------------------------------------------------- > Ha ha! > > And you reckon you read any of those??! > > Ha ha! > > If you'd read any of them you wouldn't be > continuing to screech on about playwrights or > books about third world exploitation that have no > relevance to your argument. > > Listing publications and regurgitating invented > quotes does not make an argument. > > You've got to stop copying and pasting mate. > > If you'd bother reading my post I said that the > definition of the US dollar as 'the' reserve > currency is nonsense. It's one of a portfolio. > Countries have been trading outside of the dollar > since berfore it was invented, and that it's > minority trading currency anyway. > > If you'd read any of those things you refer to > you'd know that. > > You don't know what you're talking about, you're > just being silly. You keep referring to copy and pasting again and again it?s like you have some kind of fixation. There are other sentences you could try. You are describing a banking and financial sector as you would like it to run, and not as it is being run. 2008 is over, it?s consequences are not. Yes I do read all aforementioned publications, So your intellectual snobbery is a waste of time with me.

Jeremy Wrote: ------------------------------------------------------- > What is your specific concern about the > derivatives market? Do you think the entire 700 > trillion you quote (at a guess- total notional of > the worldwide OTC market?) is going to go down the > toilet? Why? > When the 700 trillion derivatives are mark-to-market the world will see sacks of rubbish, just like CDO & CDS. Then they take all that rubbish and dump it on to government unfunded liabilities books, The governments then go, we need more cut-backs and higher taxes, because we have to much debt. Local services suffer, stupid kids go rioting. Yes dumb-down version but basically what has already happened in banking

StraferJack Wrote: ------------------------------------------------------- > whearas in all your other posts, NN you have been > a model of local inclusivity Sorry, don?t know how to play ping-pong

Huguenot Wrote: ------------------------------------------------------- > > It's like that rubbish about the dollar 'no longer > being the reserve currency'. Does he know what a > 'reserve currency' is? Clearly you have not been reading the FT, Telegraph, Bloomberg, Huffington Post Etc. You may want to try a little catch-up Gore Vidal may be helpful to you. And if you really want to know how the U.S. work read Confessions of an Economic Hit Man - written by John Perkins The U.S. has been decoupling from the world for years, physical manifestation of this would be the bilateral agreements between Russia and China, yes trading outside of the dollar.

Huguenot Wrote: ------------------------------------------------------- > The dispiriting thing is that every comment NN > makes is about the US. > > He's just going to US bulletin boards, copying and > pasting. > > Now your just being deliberately stupid the topic nay question is ?Is Amercia Broke??