tag:blogger.com,1999:blog-7820485130017459619.post982273450401215089..comments2023-10-24T01:46:47.151-07:00Comments on CynicusEconomicus: Bank of England - Straight Answers on Money PrintingUnknownnoreply@blogger.comBlogger27125tag:blogger.com,1999:blog-7820485130017459619.post-2073104048472602192009-03-14T02:25:00.000-07:002009-03-14T02:25:00.000-07:00Josiah Stamp's Ghost,In reply to your points:- Who...Josiah Stamp's Ghost,<BR/><BR/>In reply to your points:<BR/><BR/>- Who would disagree that a few bankers (Rothschild etc.) have a large degree of unacceptable power and influence over billions of peoples lives?<BR/><BR/>Only if you assert that these bankers intimately control governments.<BR/><BR/>- Who would argue that the vast wealth in the world is concentrated in the same hands as those same people who have large amount of power and influence?<BR/><BR/>Only if you assert that they control governments.<BR/><BR/>-Who would argue that closed shop institutions like Bilderberg exist so that people of power can sit in a room and talk about policy decisions affecting billions of people with NO democratic re-course?<BR/><BR/>They can only talk to each other at these places. Laws must still pass through the democratic process.<BR/><BR/>-Who would argue that any democratic practice during this economic crisis has been non-existent?<BR/><BR/>What could have been done? It is too inefficient to vote on every decision. You can vote for whether you liked Brown's handling of the situation in a year or so.<BR/><BR/>-When Gordon Brown talks about a NWO (as he has done on several occasions) where is the explanation of what this is and how it plays out in democratic terms?<BR/><BR/>I guess that's what they'll be discussing at G20.<BR/><BR/>-Does anyone know what his NWO actually consists of?<BR/><BR/>Probably not even him.Jeremy Ormehttps://www.blogger.com/profile/02562312858264349902noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-8941425001445557572009-03-13T16:01:00.000-07:002009-03-13T16:01:00.000-07:00Jermy Orme saidMarch 13, 2009 2:12 AMAnon here. Hi...Jermy Orme said<BR/><BR/>March 13, 2009 2:12 AM<BR/><BR/>Anon here. Hi again, thanks for responding to my March 12-3:26 PM <BR/><BR/>Let me say from the outset that it is not my intention here to try and convince readers of the existence of an unelected, unaccountable loose association (acting in concert) of powerful world elites commonly known as NWO.<BR/><BR/>So where am I coming from?<BR/><BR/>When I first encountered Cynicus's blog, I was struck by the quality of Cynic's work, output and expertise (I myself am no economist).<BR/><BR/>However, I felt there was an important ingredient missing with which to tie in the economic gymnastics with the prevailing World political back-cloth.<BR/><BR/>To cut to the chase, this economic meltdown, it's origins,(off shoring American industry to Asia) service economies, sub prime lending, increasing money supply, non sensible remedies to try and keep the whole scam afloat, just didn't and still does not, add up.<BR/><BR/>To me, the whole thing just does not ring true.<BR/><BR/>As Cynic says, I just don't buy it! (But he can't put his finger on it)<BR/><BR/>For brevity. To me, there are things happening in the world that are very worrying, most of it very close to home (UK)<BR/><BR/>Most of these 'worrying things' came on the national scene at the same time as new Labour, Blair and Brown.<BR/><BR/>Between them, in a few short years, they have transformed Britain beyond my recognition. (and not for the good either)<BR/><BR/>It was this deteriorating situation that forced me to start searching for answers.<BR/><BR/>The first question I asked myself was, why were new Labour politicians not protecting our borders? Why were our politicians glad handing through the front door millions of strangers into our midst.<BR/><BR/>Questions began to pile up, the answers I was coming up with pointed to something sinister - what did it all mean?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-69609488326737559422009-03-13T08:04:00.000-07:002009-03-13T08:04:00.000-07:00re: http://news.bbc.co.uk/1/hi/scotland/7936520.st...re: <A HREF="http://news.bbc.co.uk/1/hi/scotland/7936520.stm" REL="nofollow">http://news.bbc.co.uk/1/hi/scotland/7936520.stm</A><BR/><BR/>I wonder whether you can help me out with something? I've been following how the printed money will be used. According to the above link it looks like the RBS will use much of the printed money to finance lending in Scotland. Is my reading of this correct? If so why the bias in Scotland? Why use RBS and not Northern Rock? I'm concerend that Gordon Brown and Alaistair Darling are using the printed money for political reasons: to favour their own consituency. This true?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-79354914670738391102009-03-13T03:47:00.000-07:002009-03-13T03:47:00.000-07:00I think the best conspiracies are the ones in plai...I think the best conspiracies are the ones in plain view, indeed it's amusing that some of the claims made are *at root* quite true.<BR/><BR/>- Who would disagree that a few bankers (Rothschild etc.) have a large degree of unacceptable power and influence over billions of peoples lives? <BR/><BR/>- Who would argue that the vast wealth in the world is concentrated in the same hands as those same people who have large amount of power and influence?<BR/><BR/>-Who would argue that closed shop institutions like Bilderberg exist so that people of power can sit in a room and talk about policy decisions affecting billions of people with NO democratic re-course?<BR/><BR/>-Who would argue that any democratic practice during this economic crisis has been non-existent?<BR/><BR/>-When Gordon Brown talks about a NWO (as he has done on several occasions) where is the explanation of what this is and how it plays out in democratic terms? <BR/><BR/>-Does anyone know what his NWO actually consists of?<BR/><BR/>The list goes on. These are mainly entirely accepted values when they are at face value, anything but normal or acceptable practice. The media has made a circus out of greedy bankers at the expense of a real critique of the system or indeed those maintaining it. And why wouldn't they? For they are of a similar ilk, they are cronies, they are rich and upper middle class people with all manner of contacts and friends in the circles above them. The owners of papers and media institutions are confined to a few powerful people - once again with vested interests and friends at the top.<BR/><BR/>The 'conspiracy' is right there in front of our eyes, yet so engrained is it in out psyche that for the most part is accepted as an unalterable fact of life.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-6875861547196302892009-03-13T02:36:00.000-07:002009-03-13T02:36:00.000-07:00From today's FT, the Chinese art of portentous und...From today's FT, the Chinese art of portentous understatement:<BR/><BR/>The Chinese government is the largest foreign holder of US public debt and Chinese officials have shown increasing signs of concern that the sharp increase in US government spending will lead eventually to inflation and a collapse in the dollar.<BR/><BR/>“We have lent a huge amount of money to the United States,” Mr Wen (Chinese Premier) said. “Of course we are concerned about the safety of our assets. To be honest, I am a little bit worried. I request the US to maintain its good credit, to honour its promises and to guarantee the safety of China’s assets.”<BR/><BR/>http://www.ft.com/cms/s/0/8a84c6b2-0f83-11de-ba10-0000779fd2ac.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-86566988667866414372009-03-13T02:12:00.000-07:002009-03-13T02:12:00.000-07:00Hi Anon,I reject everything about it. My point wa...Hi Anon,<BR/><BR/>I reject everything about it. My point was that there is no clearly explained case anywhere - just an impression painted with many tiny blobs of information. So many blobs that if you ever wanted to validate the claims you would have to devote your life to it.<BR/><BR/>Nobody can give you an 'elevator pitch' that shows NWO to be true because they don't know themselves therefore there is nothing to accept or understand - the individual blobs in themselves are meaningless.<BR/><BR/>The Alex Jones show is a continuous stream of completely unrelated items ranging from claims about water contamination through to 9-11 conspiracy theories. Nothing is substantiated.<BR/><BR/>Also, I wasn't meaning to say that they were nut-cases - all our brains are similar and we are all susceptible to these religious inclinations.Jeremy Ormehttps://www.blogger.com/profile/02562312858264349902noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-88659825421601165592009-03-13T00:12:00.000-07:002009-03-13T00:12:00.000-07:00Cynicus, Duringthe course of the last few posts an...Cynicus, <BR/>Duringthe course of the last few posts and again, you did a fantastic work. <BR/>It is a privilege (...and a pleasure) to read your blog.<BR/><BR/>Another piece of the picture:<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601087&sid=a3T8nKCSM8xA&refer=home<BR/><BR/>Teaser:<BR/>“China is worried that the U.S. may solve its problems by printing money, which will stoke inflation,” ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-152116187905010012009-03-12T18:11:00.000-07:002009-03-12T18:11:00.000-07:00hope you all caught this one yesterday:House price...hope you all caught this one yesterday:<BR/><BR/><A HREF="http://www.telegraph.co.uk/finance/economics/houseprices/4974499/House-prices-could-fall-by-further-55-per-cent.html" REL="nofollow">House prices may fall by a further 55 percent and there is a "very real probability" that Britain will be bankrupted, a leading investment bank has warned in a private note to clients. </A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-47344692680795221932009-03-12T15:26:00.000-07:002009-03-12T15:26:00.000-07:00Jeremy said March 12, 2009 5:34 AMNWOHi, What is i...Jeremy said March 12, 2009 5:34 AM<BR/><BR/>NWO<BR/><BR/>Hi, What is it you are saying about the NWO? Did I miss something?<BR/><BR/>You have elucidated and analysed most eloquently at considerable length the psyche of the proponents of the NWO and you have reduced them to nutcases.<BR/><BR/>But you have said precisely nothing about the NWO. <BR/><BR/>What is it about the NWO that you reject or do not understand?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-25379578254406946562009-03-12T14:46:00.000-07:002009-03-12T14:46:00.000-07:00On The NWO ConspiracyThe New World Order conspirac...<B>On The NWO Conspiracy</B><BR/><BR/>The New World Order conspiracy is popular out on the American far right.<BR/><BR/>Alex Jones is a big player in these NWO conspiracies. You can go to Youtube and see him interview David Icke, someone who believes that the world is run by alien reptilian humanoid lizards who shapeshift.<BR/><BR/>I'll leave you to make your own judgements on people who think that alien lizardmen run the world!Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-26510632645657488852009-03-12T05:34:00.000-07:002009-03-12T05:34:00.000-07:00I have listened to a lot of material from the NWO ...I have listened to a lot of material from the NWO guys and I have reached the same conclusion about them as I did long before about religious people - here is my attempt to disseminate my accumulated wisdom on the subject so that you might save yourselves!...<BR/><BR/>1. I think most of them they genuinely believe what they say to be true - they are not bad people and genuinely want to help you.<BR/><BR/>2. When they communicate their message they do so through an unimaginably large number of 'facts' that they claim to be related but never adequately explain why they are related (they do this because this is how it was explained to them) - just ask them what the crux of their belief is and they'll carry on talking for hours about all manner of things because there is no crux.<BR/><BR/>3. People end up believing them because when the brain is presented with too many pieces of information that are difficult to relate, the logical sequential processing part can't reason about them quickly enough and the more emotional part of the brain kicks in and starts providing 'answers' using the more primitive pattern-matching methods.<BR/><BR/>4. When people adopt a viewpoint they find it hard to objectively accept counter-opinions and this reinforces their belief system. You may be familiar with the experiment in the US where republicans and democrats were asked to watch party political broadcasts while in an MRI scanner. Their brain switched off large parts of its activity when presented with the broadcast from the party they did not support - this is a survival mechanism because it is presumably rather dangerous to keep changing your mind if you've got a 300lb gorilla bearing down on you.<BR/><BR/>5. There is no point trying to reason somebody out of a position that they were not reasoned into in the first place - I think that's a quote from Richard Dawkins actually but I couldn't agree more - don't waste your time!<BR/><BR/>The best defence against an attack of information overload is stereotyping. For example, I know that if I see two stangers coming up to my door with a bible then everything they are about to say is total rubbish before I even open the door.<BR/><BR/>An alternative strategy is intricate dissection of their assertions but this takes a lot of patience because every attempt to question a simple assertion is greeted with a mind boggling array of new assertions and eventually it will probably drive you insane! Also, it tends to be a complete waste of time because of (5) above and you only stand to lose because although stereotyping is frowned upon, we do it for a very good reason - because it is surprisingly accurate and the intuition that the person was about to waste your valuable time and possibly send you potty was probably right.<BR/><BR/>Incidentally, I think a lot of traders fall into the category of the religious with their technical analysis and superstitions!<BR/><BR/>I'm not saying that this is necessarily a bad thing because the world relies on most people being fairly stubborn and continuing the status-quo just to get things done efficiently. We can't reinvent the wheel everyday.<BR/><BR/>On the NWO stuff specifically though, I would advise avoiding going down that path because speaking from experience it's easy to get suckered into believing some of that stuff without demanding proof and it will waste your time and make you worry about the future needlessly - a bit like religion! Maybe NWO conspiracy is a new religion? - Alex Jones has millions of followers.Jeremy Ormehttps://www.blogger.com/profile/02562312858264349902noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-53321053130513964612009-03-12T00:26:00.000-07:002009-03-12T00:26:00.000-07:00For most of human history men have been going out ...For most of human history men have been going out on hunting trips and killing as much stuff as possible - more, by any means, is always better, regardless of long term consequences.<BR/><BR/>You don't need a nonsense conspiracy theory to 'explain' the present chaos. The driver of capitalism, and its crises, is the male psyche.<BR/><BR/>Dress it up how you like, but we're just that sort of monkey.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-29330692239222489342009-03-11T23:26:00.000-07:002009-03-11T23:26:00.000-07:00On Henry Hazlitt’s Taxes Discourage ProductionHazl...<B>On Henry Hazlitt’s Taxes Discourage Production</B><BR/><BR/>Hazlitt argues that taxes take money away from the private sector and significantly prevent private sector growth:<BR/><BR/><I>the capital available for risk-taking itself shrinks enormously. It is being taxed away before it can be accumulated. In brief, capital to provide new private jobs is first prevented from coming into existence, and the part that does come into existence is then discouraged from starting new enterprises</I><BR/><BR/>Yet again this book fails to convince. In a modern economy, the central bank can increase the money supply in response to demand from private enterprise for investment capital.<BR/><BR/>In the US, banks can obtain money through the discount window at the Federal Reserve or the Fed can engage in open market interventions to increase banks’ capital.<BR/><BR/>The claim that the money supply is significantly reduced through taxes ignores the actions of Central banks.<BR/><BR/>If a businessman applied for a loan that was a good investment, then a bank could obtain the money from the Central bank <BR/><BR/><BR/><I>But the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.</I><BR/><BR/>According to this thesis, the country which extracts the highest amount of wealth from its economy as taxes would have the worst growth and its population would eventually be impoverished by the lost private sector economic growth.<BR/><BR/>We can easily find statistics on government revenue as a percentage of GDP:<BR/><BR/><BR/>Country % <BR/>Denmark 48.9 2007 <BR/>Sweden 48.2 2007 <BR/>Belgium 44.4 2007 <BR/>Finland 43.0 2007 <BR/>France 43.6 2007 <BR/>Austria 41.9 2007 <BR/>Netherlands 38.0 2007 <BR/>Spain 37.2 2007 <BR/>Brazil 36.6 2008 <BR/>Luxembourg 36.9 2007 <BR/>United Kingdom 36.6 2007 <BR/>Germany 36.2 2007 <BR/>New Zealand 36.0 2007 <BR/>Canada 33.3 2007 <BR/>Australia 30.6 2006 <BR/>Norway 43.4 2007 <BR/>Switzerland 29.7 2007 <BR/>South Korea 28.7 2007 <BR/>USA 28.3 2007 <BR/>Japan 27.9 2006 <BR/>http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP<BR/><BR/>Denmark and Sweden take nearly half of their countries’ GDP as taxes. These tax rates have existed for decades. Logically, these countries, then, should have per capita GDPs far less than low-tax countries like Japan or Germany. <BR/><BR/>They do not. In fact, they are wealthier, as can be seen here:<BR/><BR/>Rank Country Per Capita GDP<BR/>6 Norway $ 57,500 2008 est. <BR/>10 United States $ 48,000 2008 est. <BR/>18 Netherlands $ 41,300 2008 est. <BR/>19 Switzerland $ 40,900 2008 est. <BR/>21 Canada $ 40,200 2008 est. <BR/>22 Sweden $ 39,600 2008 est. <BR/>23 Australia $ 39,300 2008 est. <BR/>24 Austria $ 39,200 2008 est. <BR/>25 Denmark $ 38,900 2008 est. <BR/>27 Finland $ 38,400 2008 est. <BR/>28 Belgium $ 38,300 2008 est. <BR/>30 United Kingdom $ 37,400 2008 est. <BR/>32 Spain $ 36,500 2008 est. <BR/>34 Japan $ 35,300 <BR/>36 Germany $ 34,800<BR/><BR/>https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html<BR/><BR/>I see no reason whatsoever why higher taxes should significantly diminish private sector growth, if money supply is expanded as businesses require it.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-36379386733658498462009-03-11T20:39:00.000-07:002009-03-11T20:39:00.000-07:00You might want to take a gander at this article on...You might want to take a gander at this <A HREF="http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2009/03/ahead_of_the_curve.html" REL="nofollow">article on the beeb</A>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-88277495234113878442009-03-11T16:23:00.000-07:002009-03-11T16:23:00.000-07:00So let me get this straight:-There is a secret sha...So let me get this straight:-<BR/><BR/>There is a secret shady organisation dedicated to ruling the world or subverting it to their aims. The commentor on here tells us that this 'secret organisation' includes:-<BR/><BR/>>>Other major players in the NWO cabal are, politicians, banksters, Trilateral Commission, CFR (Council of Foreign Relations) UN, IMF, WTO and a host of others.<<<BR/><BR/>Im pretty sure you've just described the people and organisations that DO rule the world. <BR/><BR/>Here comes the New World Order, sams as the Old World Order. <BR/><BR/>ROFL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-88186594094320253092009-03-11T16:02:00.000-07:002009-03-11T16:02:00.000-07:00Jeremy an extension to that Hanlon quote is Grey's...Jeremy <BR/>an extension to that Hanlon quote is Grey's Law. <BR/><BR/>"any sufficiently advanced incompetence is indistinguishable from malice". <BR/><BR/>a lot of citizens now find they preferred the good old days when the terror alert was a yellowy orangeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-76129088693206075352009-03-11T13:39:00.000-07:002009-03-11T13:39:00.000-07:00One of my favourite quotes that I find I can apply...One of my favourite quotes that I find I can apply particularly often to everyday situations is provided by Robert J. Hanlon:<BR/><BR/>"Never attribute to malice that which is adequately explained by stupidity."<BR/><BR/>I'd be surprised if this doesn't scale up nicely to corporations and governments.Jeremy Ormehttps://www.blogger.com/profile/02562312858264349902noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-84676135208703612862009-03-11T13:01:00.000-07:002009-03-11T13:01:00.000-07:00Chomsky's critique of the media stands true to for...Chomsky's critique of the media stands true to form in this current situation. If this if were not the case, this blog and others like it would be in the MSM and not on a (well read) blog outside it. <BR/><BR/>The media, with the odd exception, attracts people of a certain background and social grouping. Birds of a feather and all that. It might seem startingly obvious, but the effects are important and deeply embedded in what is and is not said.<BR/><BR/>Anyhow baqck to the banking. As I once said,<BR/><BR/><I>"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again.However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits."</I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-32582402321846286262009-03-11T12:41:00.000-07:002009-03-11T12:41:00.000-07:00Hi CynicusDon't forget that the UK banks are being...Hi Cynicus<BR/><BR/>Don't forget that the UK banks are being mandated to hold more Gilts. It is now out for consultation and should be enacted fairly soon.<BR/><BR/>I have changed my name from Death to Bubble Addicts to Lotus Birth. I feel it is now time to get constructive.<BR/><BR/>Thank youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-83732670231686789362009-03-11T11:39:00.000-07:002009-03-11T11:39:00.000-07:00In reply to the note on the BBC: The answer to you...In reply to the note on the BBC: The answer to your contradiction is to look at the BBC's competition.<BR/><BR/>This, is largely funded by emotive advertising. Emotive advertising is nothing more than a market distortion. So it is little surprise that companies existing solely from the funding of economic parasites are so bad as to make a bureaucratic monolith 'dear old auntie' look good.Jameshttps://www.blogger.com/profile/05867971145121657203noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-34921052607029328132009-03-11T11:05:00.000-07:002009-03-11T11:05:00.000-07:00The journalist's 'club' is a fully paid up member ...The journalist's 'club' is a fully paid up member of the NWO cabal under the umbrella of the MSM. (Local and national press) television, radio, magazines, film (Hollywood)<BR/><BR/>The MSM is a vital constituent of the NWO cabal. Essentially they are fifth columnists whose function is to confuse, alarm, mislead, obscufate and sedate the populace.<BR/><BR/>The BBC is second to none in this regard. Listen to what they don't say, it's usually more important than what they do say. <BR/><BR/>Other major players in the NWO cabal are, politicians, banksters, Trilateral Commission, CFR (Council of Foreign Relations) UN, IMF, WTO and a host of others.<BR/><BR/>MO is action, reaction, solution.<BR/><BR/>This meltdown is a classic example.<BR/><BR/>Their aim, one World government, a fusion of a Marxism and Capitalism.<BR/><BR/>Of course you don't have give any of it credence, but don't let it catch you unaware, keep an open mind.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-9818654753016316522009-03-11T03:16:00.000-07:002009-03-11T03:16:00.000-07:00Congratulations on getting some answers out of the...Congratulations on getting some answers out of the BoE. It's a pity these answers were not available before they started on the policy, but at least they are clearer now.<BR/><BR/>It makes me wonder if they were still in discussions about the policy and ways to report it right up to the moment it was announced and thus the policy statement hadn't been distributed to the people who provide answers to questions until now. <BR/><BR/>I can understand the BoE being cautious about revealing details about a policy that hasn't been formally ratified, I just wish they had had full details announced before the policy came in to effect to head off speculation, rather than a few days after just as they announce the first <A HREF="http://newsvote.bbc.co.uk/1/hi/business/7934824.stm" REL="nofollow">auctions</A><BR/><BR/>Still a few questions to answer about how the transparency can be guaranteed, like you, I hope that if they <I>did</I> try to do trades behind our backs that a whistleblower would step up before it got too damaging.<BR/><BR/>Anyway, great post CE, thank you for the time and effort you have put into helping uncover the truth, maybe now you can relax a little and concentrate on examining other issues like the lack of confidence in Europe and UK and the effects of other policies on the global economy now that Buffet and the IMF have painted a gloomy picture.<BR/><BR/>Lefty FeepAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-41585181237494401642009-03-11T02:34:00.000-07:002009-03-11T02:34:00.000-07:00The Federal Reserve Is Bankrupt.When the Bank Of E...The Federal Reserve Is Bankrupt.<BR/><BR/>When the Bank Of England breaks, the economy will drown in debt. <BR/><BR/>http://www.rense.com/general85/fedd.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-31064079135239618772009-03-11T01:45:00.000-07:002009-03-11T01:45:00.000-07:00Whilst I can see how some of these answers to you ...Whilst I can see how some of these answers to you questions could invoke some feeling of there being a conspiracy theory I do believe that it is extremely unlikely. In my experience of working within large multinational corporations it has been shown time and time again that things which tend to look suspiciously opaque and underhand are actually confused, ill-planned and executed and just the result of plain incompetence. If there was a big master-plan I'm sure a financial meltdown wouldn't have been part of it. Gordy Brown is much too incompetent to have masterminded anything - he still believes that the the past decade of good times was all his doing, and this subsequent crisis is the fault of bad lenders. We're doomed, Captain Mannering....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-60925970505398593232009-03-11T01:11:00.000-07:002009-03-11T01:11:00.000-07:00I have just regained contact with this blog after ...I have just regained contact with this blog after an absence since the new year, (no I haven't been inside) so you will have to forgive me if I'm going over old ground here.<BR/><BR/>For months I've been asking the question where has all the hosed money gone? I haven't heard the talking heads asking this question.<BR/><BR/>Apparently, the billions that have been pumped into the banks has been syphoned off by foreign withdrawals just as quickly as it was being pumped in. Thanks for that.<BR/><BR/>Why is Brown so full of himself these days? Is he da Man? <BR/><BR/>I wish I had the confidence in the BBC that you express.<BR/><BR/>Another thing, why does the government borrow money when it can print its own?<BR/><BR/>Have the powers that be (TPTB)figured out a plan B yet? Or is all of this brouhaha about reverting back to what was? <BR/><BR/>BTW, I'm still reading that the world's economy has been taken down deliberately for the ushering in of the NWO.<BR/><BR/>If all of this is old stuff, then ignore it.<BR/><BR/>I've got a lot of catching up to do.Anonymousnoreply@blogger.com