Haystack Q3 2012

[Rasta]

Tipped by Bailouts, I was directed to this WDR5 audio documentary.

Web page, mp3 direct download [53:58, German spoken]
Speculative attacks on national economies, financial agencies, the government to its knees, and the firm belief that there is no alternative: Europe takes part in the economic war. How did this seemingly unsustainable system came into existence?

"The finance industry is controlling the politics, and the International Swaps and Derivatives Association. And that control is a crime, as it forces people to do things they actually don't want." (Edzard Reuter, former CEO of Daimler-Benz).

[bailouts4ever]

Cornerstone of the documentary are statements like:

- "You can not put the truth to the table. If you are at war you can not tell the people the people the full truth. This shows how disastrously dangerous the recent situation is" (Edzard Reuter)

- "The people are the danger"

- "After the banking crisis of 2007 neo-liberalism was considered a failure...however it survives...and recipes that have led to the crisis are now being sold as their solution..."

- "The system is criminal in itself"

- "As long as the music is playing, you have to dance"

- "Every country can be pushed away by a coup d'etat"

Keep on listening...

[bailouts4ever]

Good morning,

See PIMCO's Bill Gross explaining why "Gold is a better investment than bonds":

http://www.bloomberg.com/video/gross-go ... pX8jg.html

Cheers.

[bailouts4ever]

And there it is:
QE3 - Yippie!

http://blogs.wsj.com/economics/2012/09/ ... ference-2/
http://money.cnn.com/2012/09/13/news/ec ... ?hpt=hp_t3

- It's just due to unemployment
- Until 2015
- Unlimited bond buying
- Starting tomorrow

Based on this logic:
There are so many unemployed people. There is less and less consumption. That's why the economy does not work.
So let's print money.

The correlation thus looks like this:
more money supply = lower unemployment = less purchasing power = more consumption.

Hm. Any questions?

[doubleyou]

QE3 - Yippie!

http://blogs.wsj.com/economics/2012/09/ ... ference-2/
http://money.cnn.com/2012/09/13/news/ec ... ?hpt=hp_t3

- Until 2015
- Unlimited bond buying
- Starting tomorrow

Any questions?

The answers are already known in this small community

[Adamus]

QE3 - Yippie!

http://blogs.wsj.com/economics/2012/09/ ... ference-2/
http://money.cnn.com/2012/09/13/news/ec ... ?hpt=hp_t3

- Until 2015
- Unlimited bond buying
- Starting tomorrow

Any questions?

The answers are already known in this small community

met zulke acties hebben de Belgen geen goudstudieforum meer nodig. We zien welke kant het opgaat

[bailouts4ever]

Former ECB-President Trichet kicks in by saying the truth. When reading closely what he has to say, we need to ask why he's not a member of this forum. Rasta, perhaps you want to think of starting an interview with him?

Quotes:
- "When you look with historical credit at what has happened since 2007, it was the start of the adjustment of the advanced economy. We have to understand..."

- "But there are those who [...] have to understand that their prosperity and stability is associated with the stability of the whole..."

- He also called for an end of the belief that some financial institutions are "too big to fail"

- "naive beliefs" from policymakers

- "Governments are not necessarily delivering what they promised."

Don't believe it? Read it here:
http://sg.finance.yahoo.com/news/euro-z ... 42925.html

[bailouts4ever]

Today's most ridiculous headline that, once again, demonstrates the utter stupidity of the journalist cast is:

"Draghi makes the Germans rich!"

See: http://www.faz.net/aktuell/finanzen/mei ... 94431.html

Mit seinem Bekenntnis zum Euro hat EZB-Chef Mario Draghi den deutschen Privatanlegern Milliardengewinne in ihren Wertpapierdepots beschert

Kind of reminds me to this:



Good night!

[bailouts4ever]

Although it seems that I am the only one posting here is an interesting speech held by Jens Weidmann as Chairman of the Bundesbank on September 15, 2012.

You'll find the speech here:
http://www.bundesbank.de/Redaktion/DE/R ... srede.html

His interesting points are:
-Today's paper money has no value at all
-The only thing that is keeping things together is the people's trust
-Gold has always worked and will always work as an alternative (he further mentions cattle, shells, salt or pearls as some form of currency...)

And here are some interesting quotes:

Heutiges Geld ist durch keinerlei Sachwerte mehr gedeckt. Banknoten sind bedrucktes Papier – die Kenner unter Ihnen wissen, dass es sich im Fall des Euro eigentlich um Baumwolle handelt...

Geld ist in diesem Sinne eine gesellschaftliche Konvention – es hat keinen eigenständigen Wert, der der Nutzung vorgelagert ist, sondern sein Wert entsteht erst durch den ständigen Austausch und den Gebrauch als Geld.

Dass Banknoten und Münzen im täglichen Leben als Zahlungsmittel akzeptiert werden, hat zwar auch damit zu tun, dass sie alleiniges gesetzliches Zahlungsmittel sind. Letztlich fußt die Annahme von Papiergeld jedoch primär auf dem Vertrauen der Bevölkerung...

Über die längsten Phasen der Menschheitsgeschichte dienten also konkrete Gegenstände als Geld...an erster Stelle Gold –wegen ihrer angenommenen Werthaltigkeit hohes Vertrauen. Gold ist somit gewissermaßen der zeitlose Klassiker in seiner Funktion als Tausch-, Zahlungs- und Wertaufbewahrungsmittel.

I can't help but if I compare Weidmann's speech and the understanding that gold is the classical approach to money with Bernanke's ideas about "tradition" than there is a slight difference...



Leaves few questions, doesn't it?

[Obi-Wan]

Although it seems that I am the only one posting here is an interesting speech held by Jens Weidmann as Chairman of the Bundesbank on September 15, 2012.

A big difference I think.

Although I always read the English section (your posts)... I am gonna do an effort to post here. No need for you to stop posting.