Category Archives: Economics & Finance

End The Fed Rallies Are Spreading Like Wildfire

 Starting in Berlin about two  months  ago, huge Anti-war and   End the Fed rallies have begun to spread all over Germany and the rest of Europe.
The protesters consider the corrupt banking system the chief problem in the world today.
At it’s core, the Occupy Movement also had the anti-fed and fiat currency protests, but often activists who brought up these subjects were and are dismissed as right-wing conspiracy freaks by the socialist element that tried to hi-jack the occupy movement. Looks like the tide may be turning.
In Australia we currently have a lot of people protesting the budget and the latest government, but very few seem to understand the global connection. Time to wake up!

Submitted by Mike Krieger of Liberty Blitzkrieg blog:

This is a fascinating development and one that I had no idea was happening until today. It seems that rallies are spreading throughout Germany protesting the corrupt and dying global status quo. One of the key targets of these groups is the U.S. Federal Reserve system, which as I and many others have maintained, is the core cancer infecting the entire planet.
According to the organizer of these rallies, they have now spread to up to 100 cities and have a combined attendee base of around 20,000. What is also interesting, is that the mainstream media in Germany is calling them Nazis. In Germany, if you don’t support Central Banking, this apparently means you are a Nazi. What a joke. Just more proof mainstream media everywhere is complete and total propaganda. It is also a good sign, since it shows the desperate lengths to which the power structure will go to keep their criminal ponzi alive.

Do these folks seem like Nazis to you?

 

Tony Abbott budget explained

abbott domanitrix bagged and tagged

Liberal party stench of corruption intensifies

abbotwifeabbottdaughter

 

I wish we could all ‘do the heavy lifting’ like Tony Abbott and his family are.

 

Dad bringing home 500,000 per year with a guaranteed superannuation of 200,000 per year plus perks, Daughter getting a full scholarship to university, Mum used to work for the Rothschild’s (masters of of the financial universe) bank. Gee they are doing it tough! Well they would be doing it tough if the average wage was 2 million per year, but its not. This greedy pig has his snout in every trough and is as corrupt as they come. He has the audacity to talk about doing things according to the constitution. Well Mr Abbott, the Australian constitution I have read clearly specifies the penalty for treason as being, death by hanging. What is does not specify is where the culprit is to be hanged from. Honestly, it’s looking more and more likely that Tony Abbott will be the first sitting Prime Minister of Australia to be hung for treason, and I suggest that if we can’t hang him by the scrotum we’ll hang him by his ankle…until dead.

 

 Old money is behind politics, as the puppet masters.

Work for the dole: UK experiences and analysis

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Poundland is a low cost retail chain in the UK. Workfare was the work for the dole scheme they had in the UK at the time.

 

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You could say its way of reducing the minimum wage by stealth.

 

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‘Tory’ is UK political slang meaning right wing corporate owned politicians. If you step back and look at the bigger picture you can see the agenda here. Hint: Germany made similar reforms in the mid 1930′s.

 

If a typical individual could learn how to do your job in two weeks or less, you are at serious risk.

Australia 2014 copies New Zealand 1984

Guess what Australia, you are 30 years behind New Zealand!

A wave of shocked silence followed by jeers echos across the country…

Australians all angrily ask “What are we behind in?”

“Apart from Rugby Union and occasionally Netball we are not behind New Zealand!”

Only if it was so unimportant as sport, you might see whats really going on. You have been blinded by bread and circuses, or perhaps beer and footy.

Split Enz, from New Zealand in 1981, with a song written by Neil Finn, unfortunately history does repeat.

 

New Zealand, for decades, has been a social policy test tube for the western world. A small, largely isolated population that reeled from the Neo- con ‘shock doctrine’ of Chicago school economists.

Even more surprising was the fact that this hard core Neo-con agenda was run by the New Zealand’s Labour party, a political outfit more or less akin to the ALP in political ideology and electoral significance.

Well it would have been akin to the ALP, if it wasn’t for a few key individuals who drew inspiration from Thatcher and Regan who were in office at the time in UK and USA respectively.

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Would  you like to look into a somewhat tame version of what is happening now in Australian Politics with the Abbott/Hockey budget?

Have a glance at these somewhat surreal crystal balls, telling you a potential future for Australia from New Zealand’s troubled past.

If you do not watch these films, you only have yourself to blame when further nasty surprises happen!

 

 

http://www.nzonscreen.com/title/someone-elses-country-1996

 

Its worth pointing out that despite this film being made more than 12 years after the neo- con ravage and upheaval in NZ, it was effectively banned from NZ television until 2003, nearly 20 years after the events it portrayed. You might ask why, and that’s the exact question the New Zealand Government didn’t want its citizens asking. Citizens who were now being treated as units of economic production.

http://www.nzonscreen.com/title/in-a-land-of-plenty-2002

Another film by the same director (Alistair Barry) about the same events from a slightly different and more enlightened perspective, explores how the Reserve Bank of New Zealand was behind many of the initiatives. Curiously the director said his main inspiration for making the movies was he had so much footage that simply made him angry, and he had to understand why it make him angry, and what was actually driving the economic and social carnage witnessed.

Both of the films heavily feature television archives, which many New Zealanders would have seen as part of news broadcasts at the time of the events, some clips appear in both films because of the significant to both stories and the political history described.

 

Split Enz I walk away; 1984,  from their last album.

Perhaps Split Enz saw the (economic) writing on the wall, splitting up in 1984 and temporarily moving to Los Angeles before morphing into ‘The Mullanes’ and finally ‘Crowded House’ and moving back ‘home’ to Australia.

The opening credits of this video sadly will not put to bed any lingering debate over whether Crowded House was Kiwi band or and Aussie band, as Hester had joined Split Enz before the remainder of Split Enz became ‘Crowded House’.

The best compromise to this sometimes confused friendly debate is best settled with this: Crowded House was a Melbourne band that formed in the USA from the remains of a New Zealand band.

Welcome to the confusion and dislocation of the shock doctrine and globalization.

 

And finally Crowded House ‘Weather with you’ from 1992. When the rapacious globalist corporations come, they bring the weather (and its not good weather).

If you don’t think it can happen here, this week should have been a wake up call, Chile was taken by surprise in 1973, as was New Zealand in 1984, will Australia wake up and get wise in 2014?

 

History does repeat.

What was once a purely New Zealand phenomenon can easily become completely ingrained in Australia, be it music or political ideology.

RIP Paul Hester

 

 

Facebook Oculus Kickstarter unholy alliance

A company called Oculus used a company called Kickstarter to get free money from the public to impress a company called Facebook.

A company called Oculus used a company called Kickstarter to get free money from the public to impress a company called Facebook.

So these companies merged around Oculus effectively.

So these companies merged around Oculus effectively.

So we merge the logos to see what the final result of this new venture is:  Foc u luser.

So we merge the logos to see what the final result of this new venture is:
Foc u luser.

big story

So one of the biggest stories in technology in the last year or so has just happened. A small company called Oculus wanted to make an attempt at a Virtual Reality (VR) headset, nothing new here various IT companies have been trying to make VR a commercial success for more than 20 years. What was new was the mode of funding and the ultimate purchaser. Kickstarter,(  which was normally used by small player to get some money to record a CD, write a book, or produce a small gadget) was used to acquire  1.2 million USD for Oculus development version VR headset (AKA goggles). One of the biggest kickstarter projects ever. From all the hype generated the dying dinosaur Facebook smells the blood in the water and buys Oculus for 2 billion dollars. Depite the Kickstarted backers getting the prototype VR headset as promised, a lot of backers were really angry, they felt that they were supporting an independent company not making a R&D donation to the oh so creepy Facebook.

 

What does this mean?

Kickstarter has had its day, people will no longer want to donate to companies unless it really a forward purchase. Other companies like Kickstarter are emerging and now and will offer a shareholding in new companies.

Crowd funding will become crowd micro investing.

Oculus will be associated with the creepy surveillance of Facebook.

Facebook will probably ruin the potential Oculus like some many previous failed attempts to make people use VR. Farmville in 3D really has very little extra appeal.

It’s no surprise that this happened when corporations got their hands on free money

 

Sony have similar VR project , but have none of this baggage and may just be more successful because of the negative publicity gathered by the aforementioned rogues.

 

No guarantees, but the future could look like this.

No guarantees, but the future could look like this.

Maxcoin pumped and then dumped

The first month of max coin, all the hallmarks of classic pump and dump. Data from Cryptsy, one of the larger exchanges.

The first month of max coin, all the hallmarks of classic pump and dump. Data from Bter, one of the larger exchanges.

A friend called me just over a month ago telling me about Maxcoin, the new Max Keiser endorsed crypto currency. I said I do some research and let him know if it was wort thinking about or investing in.

Yes it really was the new Max Keiser endoresed cytpto currency, he previously endorsed the copper lark, which you probably haven’t heard of because it was a pump and dump scheme, and few people still take it seriously.

This fact alone was warning enough, there were some rumors that the SHA-3 algorithm has NSA back doors in it, but I was out at pump and dump.

Then came the famously botched launch, a huge pump and dump and then, living in denial for the next month, thinking eventually the price will spike like it did in the early days (not realizing that was pure market manipulation). And then a flood of articles pronouncing it dead and buried, told ya so.

Currently a max is worth 1/1500th of a bit coin and the value is steadily dropping, completely defeating the entire point of a crypto currency.

MtGox Declares bankruptcy becoming MtGotcha

Image.ashxMark Karpeles the CEO of MtGox  filed for bankruptcy in Japan where MtGox is based.

Originally a site for trading Magic the Gathering (MTG) cards, Karpeles purchased the exchange shortly after it was converted to a Bitcoin trading site. MtGox under the ownership of Karpeles became the largest Bitcoin Exchange in the world handling 70% of Bitcoin trades.

For more than six months there have been complaints of extraordinary delays in cash payment for bitcoin on the exchange. This fueled rumors leading many to believe there were no actual funds available, and that the site was manipulating the price of Bitcoin and taking large speculative positions rather than simply being a exchange fee collector.

On 24 February 2014 MtGox announced it had lost 744 thousand Bitcoins due to previously undetected frauds. This would be worth 372 million dollars, 16 times the value of the company, its unlikely that such a large fraud would go undetected for such a long time in a highly computerized business with only 10 employees. MtGox’s problems have been known internally for some time and exacerbated to damage to the Bitcoin community by trading while insolvent for some time. It seems highly likely this was a deliberate fraud by one or more insiders.

More than 100,000 people have been left with a loss by dealing with MtGox 90% of them outside Japan.

So MtGox is gone and has left a massive dollar hole in the Bitcoin market, which all goes to show centralized control of a currency is the real problem.

http://www.theguardian.com/technology/2014/feb/28/bitcoin-mtgox-bankruptcy-japan

Dogecoins value and trade volume have been unaffected by the controversy reported a Shiba Inu spokesman.

The Ukrainian upheaval: Some geopolitical perspectives

The Ukraine is becoming a complex and fast moving conflict with multiple factions having multiple agendas.

For the latest updates: https://twitter.com/EuromaidanPR

It seems that this conflict started as a proxy war between Russia/CIS  vs  EU/US, but additional home-grown factions soon saw their chance to enter the power vacuum. The Crimea has talked of independence so what you have is at least four factions.

Some might argue Russia is simply suffering from a bruised ego, but the conflict goes deeper than this. The former USSR states are attempting to for a new USSR called the CIS, a copy of the EU incorporating many of the former USSR states.  You might be wondering why Ukraine is so important to Russia and the CIS in this plan. The answer is of course petrochemicals, not oil per se this time, but rather gas pipelines.

The Gas

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The Ukraine is strategically important have the majority of Russian gas pipelines to Europe, Without the Ukraine Russia has only one pipeline going  through  Belarus to deliver is gas to Europe. Giving Belarus a monopoly on gas delivery to Europe would make Belarus far too powerful for Russia’s liking, and far too powerful in a proposed CIS.

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Russia is of course building other pipe lines to be less dependent on the Ukraine and Belarus, but these are massive projects and take significant time and resources to complete.

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The gas deals are of course very controversial, Yukanovych and Tymoshenko were both implicated in dirty deals and skimming money off gas deals with Russia, and most recently (2010) the controversial Ukrainian decision to allow Russian to keep its black sea fleet in port of Sevastapol, on the Crimean peninsula until 2042.

The Crimea

Crimea has wanted Independence from both Russia and the Ukraine for at least a decade. The Crimean Economy is largely based on the two navies stationed there, (the Ukrainian and Russian) the industries that support the Navies.  Tourism Is economically significant being a temperate ( and Russian speaking)  beach side resort for many people of the CIS. The Crimean does not want to risk bad relations with Russia and the CIS, as the tourism money would disappear.

While Russia has other land that borders the Black sea, they have had their navy stationed In Sevastopol since 1783, briefly forced out by the Germans in WW2, so naturally feel they belong there. Sevastapol is part of the Ukraine so the Ukrainian navy feel it should belong there. As a deep water port the Crimean has some interesting advantages, because of its island/peninsula arrangement the Navy can quite easily surround and defend its port from land based attack, This makes it a natural stronghold, not something any navy would want to give up. The black sea flows through the Dardanelles past Gallipoli (which we all should know about) into the Mediterranean (of importance to the EU) and then to the rest of the world’s oceans.

This of course leads to somewhat strange situation of two navies both being stationed in the same place, almost a naval cold war.

So what this is about is the politics of the middle man.

For the Gas pipelines Ukraine and particularly Kiev are able to set the price (and quantity) of Russian gas entering the EU. Controlling this flow of energy and money between two powerful economic blocs makes for significant political power and significant risk of corruption.

For whoever controls the Crimea and Sevastopol controls the black sea and its ability to deploy naval and military force in the region. Controlling a geopolitically significant deep water seaport is an extremely powerful tool in diplomacy. Russia wants to build a gas pipeline under the black sea so will need to control the black sea to assure the project and hardly want the additional expense of building a new naval port as well.

An independent Crimea would be unlikely to create a naval fleet of its own and would likely take the highest bid to station any interested party, which could be almost anyone, Turkey, US, EU, Iran… This could become a geopolitical lottery, or just Russian Roulette.

It’s not easy being an honest middle man.

1% bankers mock us at secret party

a_560x375An incredible story from Kevin Roose

some excerpts from the story

Recently, our nation’s financial chieftains have been feeling a little unloved. Venture capitalists are comparing the persecution of the rich to the plight of Jews at Kristallnacht, Wall Street titans are saying that they’re sick of being beaten up, and this week, a billionaire investor, Wilbur Ross, proclaimed that “the 1 percent is being picked on for political reasons.”

Ross’s statement seemed particularly odd, because two years ago, I met Ross at an event that might single-handedly explain why the rest of the country still hates financial tycoons – the annual black-tie induction ceremony of a secret Wall Street fraternity called Kappa Beta Phi.

“I believe that God has a plan for all of us. I believe my plan involves a seven-figure bonus.”

 

The first and most obvious conclusion was that the upper ranks of finance are composed of people who have completely divorced themselves from reality. No self-aware and socially conscious Wall Street executive would have agreed to be part of a group whose tacit mission is to make light of the financial sector’s foibles. Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.

The second thing I realized was that Kappa Beta Phi was, in large part, a fear-based organization. Here were executives who had strong ideas about politics, society, and the work of their colleagues, but who would never have the courage to voice those opinions in a public setting. Their cowardice had reduced them to sniping at their perceived enemies in the form of satirical songs and sketches, among only those people who had been handpicked to share their view of the world. And the idea of a reporter making those views public had caused them to throw a mass temper tantrum.

http://nymag.com/daily/intelligencer/2014/02/i-crashed-a-wall-street-secret-society.html

 

http://nymag.com/daily/intelligencer/2014/02/revealed-members-of-kappa-beta-phi.html

 

“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public.”
- Adam Smith

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