Finance, Some Sources

Sometimes the subject of money seems very complicated. At other times it seems simple enough. There are  people in the system who make it look complicated so that we do not understand what they are doing. The broad sweep of this view is that they are robbing us blind. I go along with that one. So does Ed Steele whose essay is linked here. The Birdman disagrees  somewhat. Then there is the housing bubble that we all thought was making us rich. In the end you need to read for yourself, think for yourself and decide for yourself. Then you can back your judgment with your very own, genuine, hard earned money. Inaction is a form of action. Leave it in the bank and watch the value fade. They call it inflation. It is robbery by your wonderful government. Good luck.

Permanent Interest Bearing Shares
The Telegraph tells us about PIBs which have a fixed interest rates but are traded just like bonds. That means the effective interest will be lower but probably more than the 0% [ - inflation ] offered by most banks. If their prices change the effective rate changes too. Are they the way to go? Think first. Ask advice second. Are Building societies charities or charitable? Hint: NO!

 

Anglo Tapes
Bankers demonstrate the depth of cynical corruption in Ireland.

 

Bitcoin
It could beat the government fraud which is Quantitative Easing but it is open to other criminals.

 

Banks
Financial Engineering is very profitable until it goes wrong. Then the banks demand money, lots of money. How much? Just think of a number then add a few noughts.

 

Credit Rating
Your credit rating is about how much you pay to borrow. The Tories have just [ 23 February 2013 ]fouled up on it.

 

City Crime
Is the City of London a criminal organisation? It sometimes looks that way. Given the amount of money swilling around, a lot of people are going to get rich. Private Eye tells us about fraud every time, not just sometimes. Others feel that it is not just a few bad eggs; it is the lot. When people have enough power, enough money to get the rules rigged in their favour, things are going to happen. Crooked banks have walked away rich. It looks bent to me.

 

Economics Explained
By Professor Hayek. Economists are, in the main dangerous idiots, especially when they get taken seriously.

 

Euro Finance
Can it really be that bad, a casino where the dice are loaded? Yes!

 

Financial Engineering
Is all about manipulation. It tends look for things that are not illegal or that are untraceable. Robbery is legally defined. Engineering has the same effect.

 

Finance For Dummies
Can it really be that simple? Yes!

 

Peer to Peer Lending
P2P lending is the way of the future; at all events it is the way to go as long as major banks are screwing lenders with interest rates of circa 0%, an effective negative rate due to inflation generated by government waste.

 

Holocaust® Compensation
This is your opportunity to get rich, or maybe just richer. You may not have realised for the last sixty odd years that you are victims, entitled to compensation but now your moment has come. Go for it. They do not actually say that it is a Jew only deal but you will find out that out when you try.

 

Anonymity
Matters to people because it makes them safer from extortion among other things. Corrupt governments do not like it because it makes extortion more difficult. This is why they invented the crime of money laundering. Of course they use fraudulent accounting but then they are different. They have the fire power, the tanks, the machine guns. They control the law so they are above the law when all is said.

 

The Financial  Crisis 2008 Explained
This is not necessarily a definitive answer but it casts a spotlight on the perpetrators. Perhaps they are not all Jews, just an overwhelming most of them.

 

Financial Problems Solved
Adolf inherited major financial problems when the took over Germany in 1933. Adolf sorted them out. Bankers an the media keep very quiet about how he did it; a good reason why we should know.

 

Banking And Fraud
Fractional reserve banking sounds harmless enough. Quantitative Easing sounds even less harmful. It is just a different word for the same monstrous fraud.

 

Banks Are Cooking The Books
Hal Turner explains all. Hal Turner is in prison. As a result? They would say not. Some might believe them.

 

Behavioural Finance
Psychologists explain some the biases which control our behaviour under conditions of doubt.

 

The Big Short - Inside the Doomsday Machine - an excerpt is at Betting on the Blind Side
QUOTE
Based on reading Michael Lewis Liar's Poker and Moneyball, I wondered whether The Big Short would prove to be entertaining and informative. If you've read some of Lewis' books, you might agree that the "entertaining" part would seem to be a reasonably safe bet. It turns out, it is. The Big Short is fast-paced, straightforward, conversational and salty--very much like his earlier works. Indeed, if you didn't know Michael Lewis had written this book, you could probably guess it. It is easy reading and very hard to put down. In short (no pun), The Big Short doesn't disappoint in being entertaining........

How informative is the book? Well, it may seem that Lewis has his work cut out for himself, since the events of the recent financial crisis are already well known. More than that, lots of people have their minds made up concerning who the perps of the last few years are............. In describing what led up to the darkest days of the crisis, Lewis does a good job helping the reader to see how the great financial storm developed. All in all, this is an informative book.
UNQUOTE
Michael Lewis was on the inside. He knows what he talking about and lets us, the little people know. Greatest Trade Ever Behind the Scenes is also recommended.  I might even buy this one. It is that good. It should be available from your friendly local library. If not pester them to get it for you.

 

Celebrities Show Us How Not To Do It
They are famous so they must be cleverer than mere mortals? Not a chance. They can foul up bigger and better than us.

 

The Death of Paper Money
QUOTE
EBay is offering a well-thumbed volume of "Dying of Money: Lessons of the Great German and American Inflations" at a starting bid of $699 (shipping free.. thanks a lot). The crucial passage comes in Chapter 17 entitled "Velocity". Each big inflation -- whether the early 1920s in Germany, or the Korean and Vietnam wars in the US -- starts with a passive expansion of the quantity money. This sits inert for a surprisingly long time. Asset prices may go up, but latent price inflation is disguised. The effect is much like lighter fuel on a camp fire before the match is struck.

People’s willingness to hold money can change suddenly for a "psychological and spontaneous reason" , causing a spike in the velocity of money. It can occur at lightning speed, over a few weeks. The shift invariably catches economists by surprise. They wait too long to drain the excess money.
UNQUOTE
A good summary of things that may well repeat themselves soon. Buy gold. Buy real assets. Paper is a snare and a delusion.

 

Diamonds
Jews have been involved with the diamond industry from the off. They pretty much created it. It is rather like the story of Hollywood, another of their success stories.

 

Hyperinflation
Is much faster than ordinary inflation which is slow robbery. Hyperinflation destroys people's saving fast. The damage is enormous as Germans found in the 1930s. But dear old Adolf sorted it out using Labour Treasury Certificates.

 

IMF
Do we need it? We have certainly got it. Should it be run by Jews or crooks? No but we usually get the double i.e. Jews who are crooked. Jews like the  Rutting Chimpanzee Jew, Kahn who is currently [ August 2011 ] trying to get away with rape.

 

Internet Entrepreneur
Want to make a fortune? So do lots of others but - read for yourself, think for yourself and decide for yourself.

 

LIBOR
The London Interbank Offered Rate is subject to fraudulent manipulation.

 

Moody's Ratings
Are vague, wide open to malpractice, a broken reed and proven so, but they are what we have.

 

Mortgage Meltdown
It was all part of the Financial Crisis 2008. In fact it wa write at the heart of matters.

 

Quantitative Easing
QUOTE
The term quantitative easing describes an extreme form of monetary policy used to stimulate an economy where interest rates are either at, or close to, zero. Normally, a central bank stimulates the economy indirectly by lowering interest rates but when it cannot lower them any further it can attempt to seed the financial system with new money through quantitative easing.
UNQUOTE
QE is bad news. It is also much the same as forgery; the difference being that it is Brown robbing us rather than [ relatively ] honest men.

 

Recent Disasters [ 4 February 2010 ]
They start bad and get worse. Put a price on each and you have to think billions every time. Can you guess which is the worst?

 

Savings
The Guardian, flag ship of the left is all about when it comes to finance, getting rich, fleecing the honest working man et cetera. The bit about P2P financing is worth looking at.

 

Usury
Is charging excessive interest on loans and forbidden by Holy Mother Church. That is why the Jews got to create and run the finance industry and rob us blind. It is also one reason why they are not loved.

 

Wall Street
Is not just in the belly of the beast; it is the beast.

 

Wall Street and the Bolshevik Revolution
Wall Street financed the Bolsheviks. Believe it or believe it not; It is true. Both sides of the matter profited and that is the way they like it.

 

Web of Debt
Explains how we are being cheated by financiers.

 

World Bank
Do we need one? Probably not but we have one. It keeps chancers very profitably off the dole. It gives them power. It is bad news therefore.

 

The Big Takeover of 2009 [ 21 March 2009 ]
Big people matter. Little people don't so they get screwed by the big people. Simple isn't it?

 

Honest Banking The Arab Way - Hawala [ 23 November 2007 ]
QUOTE
In this Federal Reserve transaction we have the essence of the Hawala system, a system currently under frontal assault from the U.S. because it is efficient, low-cost, and unregulated.......

The transaction is simple and efficient by comparison to most of the alternatives. Iqbal pays on one day and his wife picks up the money the next day..... Nor does he need to deal with an artificial exchange rate set by the Pakistani central bank — a rate of exchange intended to rip off (tax) Pakistanis in foreign countries.
UNQUOTE
Unregulated; that is the key word. A free market is what governments hate. They can print money willy nilly. If honest men try it the charge is forgery and prison sentences are long. Hawala has to be the way to go.
 
Hawala and Satellite Communications  [ 23 November 2007 ]
QUOTE
Interpol provides six reasons why Hawala thrives.....Briefly, these are:-
 (1)Cost effectiveness. This comes from low overhead...
 (2) Efficiency. Most remittances take place in a day or two.
 (3) Reliability.... Hawala is simple, making it reliable.
 (4) Lack of bureaucracy. No social security number, no passport, no bank account.. no problem.
 (5) Lack of a paper trail.
 (6) Tax evasion.
Thus, even in countries with no formal judiciary or banking systems, such as Somalia, Hawala can still be used.
UNQUOTE
Hawaldars in Somalia are honest or dead. This is good practice. The twerp who wrote this sees the lack of government control as a problem but then he is paid by a government. He witters about the risks of Hawala then tells us that it is honest and reliable.
 
US housing crash continues [ 16 January 2007 ]
Renting is the way to go in San Francisco and most other places. Owners are mug punters. This is a clear explanation of why. Extraordinary Popular Delusions and the Madness of Crowds  is a classic that confirms the point. So does Buyers Scarce, Many Condos Are for Rent for Washington.

 

Finance For The Innocent
I think it really is that simple.


WhirlyBen, the Globo and the Great American Gold Grab
Even if the title sounds frivolous the content is not. Ed Steele was in the business and makes sense of it for us the outsiders.
M3 is one bit of jargon worth understanding. It sounds innocuous. It is meant to but it is not. It is the amount of extra money that a government prints. When we do it is called forgery and that is major crime. When they do it is hidden taxation as well as theft.

The bottom line is NO BANKER LEFT BEHIND - it is just the peasants getting screwed.

 

Quotes and Jokes of the Day
Quote of the day (Re Ed Steele's essay of yesterday):
Ed advocates gold to prevent inflation, but this is naive. Inflation can occur with gold, as it did in Spain after the conquistadores brought piles of it back from the New World, and it might happen again if technology discovers a way to extract that ton of gold from every cubic mile of sea water, or whatever the ratio is. But more to the point, there must be enuf currency to carry on ordinary business, and with the world population at 5 billion or so, gold is an impossibly scarce medium.
Another point Ed did not think of is that inflation is actually good for debtors, because debtors can pay off their mortgages with cheaper dollars. Gold on the other hand APPRECIATES as a medium as the population grows, so debtors must pay off their debts with a more valuable medium. (This was what William Jennings Bryan made so much noise about in his famous 'Cross of Gold' speech.) We indebted folks should pray for inflation, as should the Dad Gummit, which doesn't of course have to pray.
A final point is that there are hedges against inflation, namely, PROPERTY -- everything from gold and precious stones to antiques, real estate, stamps, cars and who knows what. Inflation hurts cash holders, and thus is the curse of (at least some of) the rich. Isn't that great???? Hello? Hello?

This was posted on 12 January 2006 so you may need to search backwards.
 
Thirty-Six Years of Fear and Greed
Australian finance is no different to any other finance and it is just as badly run. More law does not mean better law. It does not even mean that more suits go to prison. You have all of the protection that you need - until you need it.
 
Credit Rating Agencies
If you want credit cards, mortgages, bank loans or what ever your credit rating matters. Find out how to sort it out and whether it is going to give you problems.

 


Stock Market Trader Arrested For Succeeding [ 25 April 2015 ]
QUOTE
Suspected rogue trader Navinder Sarao lived in his parents' modest home because [ not true ] it gave him a split-second advantage worth millions of pounds - and a potential £40 million offshore nest egg.

His family's semi-detached house in suburban West London is closer to an internet server used by one of the major financial exchanges, giving him a nanosecond [ microsecond in fact - Editor ] advantage over rivals in the City.

His thousands of high-frequency trades could be processed faster than those from dealers in Central London, giving him a massive commercial advantage.
UNQUOTE
His old firm says Sarao Didn't Cause 2010 Flash Crash, This is true. It seems that he went short when prices were going to fall and long when they were going up. Being nearer to a server than a big London firm helped. See Front Running for more. Read Flash Boys by Michael Lewis to understand what it is about.

 

Errors & omissions, broken links, cock ups, over-emphasis, malice [ real or imaginary ] or whatever; if you find any I am open to comment.

Email me at Mike Emery. All financial contributions are cheerfully accepted. If you want to keep it private, use my PGP KeyHome Page

Updated  on Thursday, 29 December 2016 19:57:14