New Nexus

For all the posting sheep that bleep Bar, Bar, ?conspiracy theory? When Winston Churchill told the house, Germany is re-arming, and readying itself for war, the shouts from the benches was, sit-down, and war-monger. Just because you do not like something does not make it a ?conspiracy theory? Theories are theories until they become facts. Sorry people, the world is round.

Frankito Wrote: ------------------------------------------------------- > Such sweeping statements, oh omnipotent one... I > praise you. Nexus, are you interested in any > threads other than this one? I am dying to know > your take on foie gras.. Take a look in the Drawing room

Huguenot Wrote: ------------------------------------------------------- > "So let me get this clear, you don't like > fractional reserve banking? > > "No I don?t like fraud and corruption, that passes > itself off as banking." > > Fractional reserve banking is not inherently > corrupt or fraudulent. It's necessary to allow > society to invest in activity now that will creat > a future return. That's how you build a factory > before it manufactures anything. > > As a result it doesn't hold the reserves for the > currency it transacts - it's simply owed that cash > by other people. This is a casual assumption that > we make about the banking environment, and > enables, for example, small business loans. > > It's possible to argue that there have been too > many loans made recently that are unlikely to be > repaid, but this is a subjective perspective. Any > loan is a risk. > > It doesn't make it corrupt or fraudulent by > definition. The banking regulations that are on the books, are not being enforced, why, all US presidents funded by banks, quid pro quo perhaps. US banking system is Fraud.

Huguenot Wrote: ------------------------------------------------------- > @LD > > "The teenagers are not politically sophisticated, > but they understand that the MPs had their hands > in the till, the papers acted illegally and the > bankers ripped everyone off." > > That's pretty sweeping eh? > > @NN > > "Just like, ?I promise to pay the bearer on demand > the sum ??" > > So let me get this clear, you don't like > fractional reserve banking? No I don?t like fraud and corruption, that passes itself off as banking.

Huguenot Wrote: ------------------------------------------------------- > Oh bollix NN, that's just one journalists's spin. > No greater value than that. > > It's not a currency now - it's a pledge to honour > debt in any currency. It doesn't give a shit about > anything else. > > Just like, ?I promise to pay the bearer on demand the sum ??

The great Oz has spoken, no, no, don?t look at the man behind the curtain. Sorry Oz all your knobs, buttons and levers are not working anymore. Better known to us as governance, regulations and propriety.

Huguenot Wrote: ------------------------------------------------------- > @NN.. And? > > All of that says that the intergovernmental loan > system has made more loans available. It doesn't > make it a reserve currency. > > If any of the transations were 'real' it would > have to be converted in to a... currency. > > It's the same as two people exhanging bills at the > bar - "the last round cost me 13 quid, and this > one only cost 10 quid - you owe me three, you can > pay me any way you want or in kind, is that > okay?" > > Of course it's OK - The Russians and the Chinese > don't suddenly launch their nukes. Selective blindness hey. ?putting a de-facto world currency, outside the control of any sovereign body, into play". Not a reserve unit yet. A few more communiqu?s and abracadabra. It was not a currency once upon a time.

To help people unfamiliar with SDR?s What are SDRs? SDRs were created in 1969 as an international monetary unit to support the Bretton Woods system of fixed-exchange rates. The value of the SDRs is set daily using a basket of four major currencies: the euro, Japanese yen, sterling, and US dollar. The SDRs are distributed between members in proportion to the subscription fees (or quotas) the country pays into the fund. "SDRs are counted as part of government reserves and may be used as collateral for borrowing, meaning that their creation in effect can mean increasing the global money supply," says Alan Beattie in the FT. Although they've been around for a while, SDRs have been largely dormant, used as little more than an accounting unit between governments and the IMF, says Beattie. That is, up until now. What's changed? "A single clause in Point 19 of the communiqu? issued by the G20 leaders amounts to revolution in the global financial order," says Ambrose Evans-Pritchard in The Daily Telegraph. In agreeing to support an SDR allocation that will inject $250bn into the world economy, "the G20 leaders have effectively activated the IMF's power to create money and begin global 'quantitative easing' [printing money], putting a de-facto world currency, outside the control of any sovereign body, into play".

Huguenot Wrote: ------------------------------------------------------- > "When empires come to the end of their natural > life ugly things happen." > > SDR is 40 years old. You can't use it as an > illustration of the current challenges unless you > were willing to claim the same in '69. > > As for 'opinion' - that's ridiculous. You claimed > it was a reserve currency to supplant the dollar > that Russia and China would refuse. That's like > claiming the UK is a country between Australia and > Fiji. It's incorrect on so many levels it can't be > classed as a valid opinion. Once again, I know your views regarding SDR, I also know the history of the SDR, thank you. We will have to disagree.

Huguenot Wrote: ------------------------------------------------------- > Why are you so obsessed with the US NN? The US is decoupling, and the dollar is going the way of the Dodo at far as a reserve unit. I know your views on SDR, however mine are different. So we will have to disagree on that. When empires come to the end of their natural life ugly things happen. I am a Carthaginian looking at Rome.

Some people are basing their logic and protestations on the assumption that we have a functioning system of control and good governance. I really, really wish that was true. We have a banking system and we have a ?shadow banking system? The US already does not enforce banking regulations that they have on their books, to control the banking sector. Please reference William K Black for more info. Can anyone tell me what regulation are in place for the shadow banking systems. When Alan Greenspan admits he got it wrong, what does this tell us about good governance of the banking sector? When no one has been held accountable for mortgage backed securities. Fraud becomes the system, not market forces. In a collapse one of the first things to go is regulation and good governance, this allows power brokers to hauled away the goods. A poor example of this is Hosni Mubarak, trying to get tons of gold out of Egypt before the people asked him to leave. Another indicator is over stretch, military and financially. Military, I do not think I have to go into that, most people get it. Financially, yes I know lowest debt for years, Lets just see what may happen if Greece goes down, I use the ?if? very generously here. Then another and another UE state. Flight to safety US dollar, leper with the most fingers. The US is not facing up to its debt problems and I am talking about its real debt, not the silly little 14.5 trillion. What happens when the Chinese debt collector come calling.

Did anyone see the picture and news from Belarus, when it had to devalue? If so, take that and the UK riots, times that by about a 1000. Human nature is what human nature has always been.

Huguenot Wrote: ------------------------------------------------------- > LD, I think you're confusing wanting something to > happen with it actually happening. > > All you're likely to see is a long and rather dull > climb down for the UK from its currrent economic > pedestal. It'll be driven, sensibly, by QE and > inflation weakening the pound and increasing the > price of imports. > > In turn this is likely to increase the amount of > UK land given over to agricultural use, and a > greater 'fashion' for seasonal produce. > > UK energy production will gently sway towards > nuclear and renewables. The UK will continue to > develop its service driven economy. > > No worries, no great hassle. > > Conversely, your vision lies in chaos, either > because you feel that the destruction of society > will give you a second chance to aim for personal > goals you currently feel are out of reach, or > because if you can't reap the benefits of > organised society you don't want anyone else to > have them either ;-) OMG The guy has finally lost it. He thinks QE is a good thing. He thinks inflation is a good thing. He thinks the decimated UK farming industry is going to come back. And when are going to build nuclear power station before or after the light go out.

ibilly99 Wrote: ------------------------------------------------------- > irony dear boy Hugenot irony - a instant metaphor > for a post-modernist audience - you don't work for > Goldman Sachs by any chance ? First bank of denial - UK division

LadyDeliah Wrote: ------------------------------------------------------- > Sorry to burst your bubble dear Hugo, there are > plenty og things to panic about. > > I'd rather not know, to tell you the truth, as > ignorance is bliss, but I do know and I can't now > unknow, so I have to try to a)prepare myself and > my family as best as possible to survive the > massive changes coming and b)do my bit to try to > fight for an ethical, non-violent transition, > which includes raising awareness. I do hope you looked at the youtube I put up Re: Nicole Foss, She has similar views

ibilly99 Wrote: ------------------------------------------------------- > How about a poll thingy so we can can all Niall > our flags to the mast - > suggest the following; > > > 1 Everything's fine and will come right in the > end > 2. Things are bad and could get worse but and we > are currently in danger > 3. We're all doomed we have hit the iceberg and > it's time to get to those lifeboats > 4. I'm a banker and always trade on the right side > of any disaster Nearly every one on here called me a Nutter, so to fit that profile, I am going to go for all 4

ibilly99 Wrote: ------------------------------------------------------- > My regular sources for background and insight are > ; > > Fintag > Zero Hedge > Market Ticker > Itulip > > Hugenot you may like to spend a few hours off > piste from the mainstream media and the the red > pill ... > > Welcome to the Matrix Try also Steve Keen Max Keiser

Huguenot Wrote: ------------------------------------------------------- > I understand ibilly99, it's good to get the > confirmation - you're all in 'panic first' mode as > we suspected ;-) There?s that ?you're all? and ?as we? again.

Huguenot Wrote: ------------------------------------------------------- > ibilly99, Niall Ferguson is postulating a > hypothesis, not stating a fact. > > Can you not tell the difference? > > Can I add that Ferguson sees the real problem as > being not the financial system itself, but... "the > public at large [..] a complex adaptive system is > in big trouble when its component parts lose faith > in its viability." > > Can you see what he's saying there? He's saying > that if we find ourselves in trouble, it won't be > because of the policy wonks, it'll be because of > idiots like you trying to destroy people's > confidence. > > I'm sure that gives you a sense of power, and > that's why you do it. Frankly I shall subject you > to the ridicule you deserve for embarking on such > a pointless exercise. This is clearly rubbing you up the wrong way, maybe we should explore this, any childhood issues? Maybe abandonment issues? Teddy taken away to soon?

?government debt is hovering around the lowest points it's been in the last 100 years.? Quick tell Osborne, he can stop all the austerity measure.

I think the latest set of postings have seen or at leased looked at the bigger picture. When desperate times come and they will, crazy people end up in power, history shows us this time and time again. Make enough people scared for a long enough time, you can get them to vote for jumping off a cliff. Take a look at the ?Middle East up rising? stuff like this does not just happen. It is not a cry for democracy, it is an endgame move in a chess game. I think most people will understand where this is going, once they have carried out their own investigation into this subject. If your upset or angered by what I have said, that is understandable. Choose life.

Loz Wrote: ------------------------------------------------------- > LadyD, > > It was because of your post a few pages ago that I > gave NN a chance. I tried, I really did. But > when you a faced with a random garbage generator > with which any sort of intelligent debate is > impossible, then I'm sorry, there is only so much > I can take. When someone just churns out > cut-n-paste information they don't really > understand together with undergraduate level, > mindless political sloganeering, there is just no > conversation to be had. > > Now I suspect that you are only defending him/her > as their politics are - as far as can be > established - reasonably aligned with your own. > If a similarly reality-challenged poster came on > and started hopping into immigration by cutting > and pasting Daily Mail and BNP propaganda, I > somehow doubt you would be so charitable. In fact > I dare say the dread word 'nutter' just might > emanate from your keyboard. Nice try, Placing intelligent discourse in the same posting as extremist views like ?Daily Mail and BNP propaganda? Guilt by association. Very old school. Did you ever do work for Mr. T Blair? WMD's = Iraq Transferring information from your brain to a keyboard and thus end up on this forum, that?s not a form of copy and pasting is it. I bet you think IQ is a level of intelligence. Try as I may, I simply cannot think as slow as you.

LadyDeliah Wrote: ------------------------------------------------------- > We are likely to be as poor as I was when I was > 14in the near future. > > Why do you think all the big corporations are > buying up all the farmland all over the globe? I > think it's because they want to go into bio fuels > as the oil gets more and more expensive making the > cost of food massive. Sod gold and diamonds, > farmland is where it's at! > > We should stop going on about the bankers, the > collapse of the financial system is inevitable > anyway, we need land reform before we all end up > having to eat our neighbours! Sorry, more bad news, take a look at Monsanto terminator seed technology, it?s been decimating the third world for a few years now. The seed gen turns off after one harvest. You then have to buy more from Monsanto.

Nicole Foss

LadyDeliah Wrote: ------------------------------------------------------- > The bottom line is that there is a massive > imbalance between the US economy and the Chinese > economy. > > And in a capitalist society whether you sort the > banking shit out or not, the fundamental problem > is that to make a profit, the elite have to > exploit the workers. They drive done wages to > increase their profits and in turn this affects > the amount of crap the workers can buy. > > Therefore, even without the massive thefts by the > banks, the whole system is bolluxed in anycase! You are correct there is a great disparity between the US and China. The US is in debt to China, approximately 5 trillion dollars, sooner or later China is going to want to cash in that IOU. I think the euro will collapse first. People will run to the dollar, that being the leper with most fingers, this will be a temporary reprieve,