The West's economic malady is basically caused by an American decision about 15 years ago, as the nation's industrial policy in a post industrial world. The policy is imposed on the rest of the world through a new form of American "banking", which eventually led to the 2008 debacle. Since then, only two major economies (Germany and China), BOTH of which resisted the continued predatory practices by American banksters, and both economies recovered. Other Western nations were not as vigilant, and have no hope of recovering. Today, American banking is synonymous with "trading". Trading what? Mostly derivatives. I believe it was reported that B of A made 90% of its profits in 2010 on trading; the number of SBA loans made also dropped by about 90% from previous levels. American banks don't bank (lend) anymore, they trade. One can not create or maintain stability by pushing a national policy of rounding up all the major banks and financial institutions of the nation, and have them GAMBLE (derivatives trading is purely redistributive, and produce nothing) as a principal occupation, at a scale 50 times the GDP of the entire nation. Worse yet, this irresponsibility is further forced upon the world, on all other nations that wish to trade with America, in the name of free trade. Trying to achieve stability for the world that way, is like walking south from Paris, in order to reach London.
Access Investments-Building Awareness - European Union-ROMANIA
Tuesday, December 20, 2011
The West's economic malady is basically caused by an American decision about 15 years ago, as the nation's industrial policy in a post industrial world. The policy is imposed on the rest of the world through a new form of American "banking", which eventually led to the 2008 debacle. Since then, only two major economies (Germany and China), BOTH of which resisted the continued predatory practices by American banksters, and both economies recovered. Other Western nations were not as vigilant, and have no hope of recovering. Today, American banking is synonymous with "trading". Trading what? Mostly derivatives. I believe it was reported that B of A made 90% of its profits in 2010 on trading; the number of SBA loans made also dropped by about 90% from previous levels. American banks don't bank (lend) anymore, they trade. One can not create or maintain stability by pushing a national policy of rounding up all the major banks and financial institutions of the nation, and have them GAMBLE (derivatives trading is purely redistributive, and produce nothing) as a principal occupation, at a scale 50 times the GDP of the entire nation. Worse yet, this irresponsibility is further forced upon the world, on all other nations that wish to trade with America, in the name of free trade. Trying to achieve stability for the world that way, is like walking south from Paris, in order to reach London.
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Han's, a middle-aged German tourist on his first visit to Orlando, Florida, finds the red light district and enters a large brothel. The madam asks him to be seated and sends over a young lady to entertain him.
They sit and talk, frolic a little, giggle a bit, drink a bit, and she sits on his lap. He whispers in her ear and she gasps and runs away! Seeing this, the madam sends over a more experienced lady to entertain the gentleman.
They sit and talk, frolic a little, giggle a bit, drink a bit, and she sits on his lap. He whispers in her ear, and she too screams, "No!" and walks quickly away.
The madam is surprised that this ordinary looking man has asked for something so outrageous that her two girls will have nothing to do with him. She decides that only her most experienced lady, Lola, will do. Lola has never said no, and it's not likely anything would surprise her. So the madam sends her over to Han's. The sit and talk, frolic a little, giggle a bit, drink a bit, and she sits on his lap. He whispers in her ear and she screams, "NO WAY, BUDDY!" and smacks him as hard as she can and leaves.
Madam is by now absolutely intrigued, having seen nothing like this in all her years of operating a brothel. She hasn't done the bedroom work herself for a long time, but she's sure she has said yes to everything a man could possibly ask for. She just has to find out what this man wants that has made her girls so angry. Besides she sees a chance to teach her employees a lesson.
So she goes over to Han's and says that she's the best in the house and is available. She sits and talks with him. They frolic, giggle, drink and then she sits in his lap.
Han's leans forwards and whispers in her ear, "Can I pay in Euros?"
Plan B – How to loot nations and their banks legally
Does anyone think that if our governments fail to keep to their
austerity targets and fail to keep bailing out the banking sector, that
the banks will just shrug and say, “Well, thanks for trying” and accept
their fate? Or do you think the banks might have a Plan B of their own?
http://www.golemxiv.co.uk/2011...
Dominique Strauss-Kahn: Merkel and Sarkozy 'do not understand each other'
Speaking at an economic forum in China, the former head of the International Monetary Fund voices concern over the relationship between France and Germany that he says is key to ending the Eurozone crisis.
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TelegraphPlayer_8965508.12:38PM GMT 19 Dec 2011
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Debt crisis: live
In his first public professional speech since he was charged with sexual assault last May, Mr Strauss-Kahn forecast problems for the "whole Europe system" as he discussed the Eurozone debt crisis in Beijing.
Stressing that France and Germany must work together to contain the crisis, he suggested that the central relationship in the European Union was flawed.
"It's absolutely necessary for the French and Germany to work together. The problem is they don't have exactly the same view and I am not quite sure that Mrs Merkel and Mr Sarkozy really understand each other. And that's probably one of the reasons why the whole Europe system has problems going forward."
The Beijing conference, attended by 45 prominent international economists, is examining outlook growth for China. However, talk of Europe dominated the agenda
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