This page has been archived and commenting is disabled.
The Little Known, Yet Significant "Domino Effect" Powers Of Small EU Nations: Greece & Iceland
The Little Known, Yet Significant "Domino Effect" Powers Of Small EU Nations: Greece & Iceland - number two in a series of conversation style presentations on a variety of topics covered in BoomBustBlog. See Reggie Middleton Ruminations on the Greek sovereign debt crisis for part one.
The full forensic analysis of the insurance short candidate as well as several US REITs that we are investigating will be released within 24 hours. For those who are not familiar with me, please visit "Who Is Reggie Middleton?"
The latest Reggie Middleton comments, opinion and analysis on this topic...
- The Real Estate Recession/Depression is Here, Eurocalypse Style
- Goldman, et. al. Suffer From The Same Malady That Collapsed
Lehman and MF Global, Worlds 1st and 8th Largest Bankruptcies! - What Is More Valuable, The Opinion Of A Major Rating Agency Or
The Opinion Of A Blog? Go Ahead, I DARE You To Answer! - So, Now The Rating Agencies Want To Acknowledge The Existence Of The FrankenFinance Monster???
- ????10 yr Italian Yields Sitting On Support After Monster Rally
- You Can Rest Assured That The Insurance Industry Is In For Guaranteed Losses!
- Yes, The BoomBustBlog Forecast Pan-European Bank Run Has Breached American Soil!!!
- Watch The Pandemic Bank Flu Spread From Italy To France To Spain: To Big Not To Fail!!!
- advertisements -
So should I be pulling assets out of Interactive Brokers?
When Corzine took over at MF Global I smelled the dead walking rat and shut down the account there within days of his hire. I can prove my claim and it came to fruition.
But IB? Is Interactive Brokers walking the same tightrope? I'm ready to yank the cash but where do we go to get exposure. A paper bag is hardly useful now. In Taiwan yes.
Seriously Reggie. Is the chance that IB can't make good on client money real?
Casey Research thinks IB isn't at risk in the same way as MF Global:
http://www.caseyresearch.com/articles/abcs-re-hypothecation-gold-and-sec...
But if TSHTF in a big way, all bets are off.
ahh......ahhhh...ahhh what? answer the damn question! :D
Your going to see nationalism, Spike.
.
-Reggie Middelton
The full forensic analysis of the insurance short candidate as well as several US REITs that we are investigating will be released within 24 hours.
Reggie, your work is a pleasure to read, I am looking forward to it,
Reggie - Good points. Thanks.
Yes, rise of nationalism in Europe, and worldwide.
This is the preliminary step, the prelude to war. First politics, currency, trade, then physical war.
Where is Iceland, again?
Is it near Oklahoma?
The Federal Reserve, a Private Corporation.. that IS! Owned by Multiple Banks and Select Individuals.. and as well has a Very Non-Private Police Force with the same Powers as the F.B.I. or other Federal Police Force.
***** "However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year." *****
http://www.federalreserve.gov/faqs/about_14986.htm
Obama! NOT! Bush signed the Federal Reserve Private Police Force into Federal Government Powers.
***** “On October 12, 2010 President Barack Obama signed into law S.B. 1132 the "Law Enforcement Officers' Safety Act Improvements Act", which states that police officers and law enforcement officers of the Federal Reserve are "qualified law enforcement officers" and thus are authorized to carry a firearm off-duty. This update to the Law Enforcement Safety Act, among other aspects, clarified that Federal Law Enforcement Officers working for Amtrak and the Federal Reserve (not funded by Congress) are specifically granted the same rights as publicly funded law enforcement officers as it relates to off duty concealed carry.” *****
http://en.wikipedia.org/wiki/Federal_Reserve_Police
As you can plainly read.. the Federal Reserve is NOT a Private Corporation that is Owned by anyone..
But the Shares can NOT! be sold and enjoy a 6% return, by Law.
***** “Under the above-mentioned provisions, income consisting of dividends on stock of Federal land banks, Federal land bank associations, Federal home loan banks, and Federal reserve banks is not, in the case of stock issued before March 28, 1942, includable in gross income.” *****
http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=7bc8494241de94ef867c08f17c152dc5&rgn=div8&view=text&node=26:2.0.1.1.1.0.4.90&idno=26
What will it take for the Masses to wake up and come for you Fraudulent Fucks?
What will it take for the Majority to Hunt the Minority down like the rabid animals You! are?
Austerity! will set America free from this Rule of the top 1% of the top 1%. Starve the Masses! 48% of American’s have to rely on Government Hand Outs to have enough Food to Eat!
***** “NEW YORK (CNNMoney) -- One in six Americans is receiving help from the government, just as fiscal austerity threatens to reduce some of that aid.” *****
***** “Food stamps: The number of people in the Supplemental Nutrition Assistance Program, known as food stamps, hit a record 44.2 million in January. That's up 4.7 million from the prior year.
Currently, one in seven Americans receive food stamps, the highest share of the population ever to do so, according to the Food Research and Action Center.” *****
http://money.cnn.com/2011/04/12/news/economy/government_safety_net/index.htm?iid=EL
Keep buying Silver and Gold down.
Come Dec 30th.. or shortly thereafter the FED will be out of money to piss away buying the Metal Down, again! and the slow and steady march upward will begin again.
Happy New Year 99.9%!
and for you 0.1%? We do NOT! Forget!! and We do NOT! Forgive!!
6% of what amount?
Reggie I like you but those striped shirts really aren't working.
Bingo. You speak the truth.
i have never cared for contrasting collar and cuffs since i first saw them on the beatles. however i do appreciate reggie's contributions. thank you very much.
Don’t forget the little known, yet significant "domino effect" of MF Global.
Reggie seems to get a lot of static from people these days. Nobody is making you read his articles so unless you have a valid point other than "Everybody all ready knows this." or "Iceland is not part of the EU." take it easy. With all the interconnections between Iceland's financial sector and the EU's an argument could be made that it was a financial colony of the EU so I can forgive its erroneous identification as being part of it.
"Small EU Nations: Greece & Iceland"
Iceland is not in the EU.
Heh. Yepps ... they would like to be, but ain't, 'chet...
http://en.wikipedia.org/wiki/Accession_of_Iceland_to_the_European_Union
1 - Iceland
0 - US, UK, Germany, France, Spain, Portugal, Ireland, Greece, Belgium, Holland, Italy and Austria
time to sack the coaches (politicians and central bwankers), this Team is a shambles
"little known"?! This has been common knowledge in Europe since the inception of the Euro.
If that was truly the case then Greece's issues would have been handled at the inception of the Euro, no?
If that was truly the case then Greece's issues would have been handled at the inception of the Euro, no?
/////////////////////////////////////
If Greece's issues were really felt as issues and not soon to be opportunities to further the European Union.
Hello, Reggie --
"...handled at the inception of the Euro, no?"
Actually, no. EMU was founded on, among other things, two wholly imaginary premises. First, that member nations would, perforce and in essentially every circumstance, adhere to the 3% deficit/GDP limit propounded by Maastricht. Second, that member nations' financial books bore (and would continue to bear) at least some minimal relation to reality. I need not point out to you or anyone that these premises were hilariously rose-coloured fantasies, even at the date of the signing of Maastricht.
Beginning with such reality-challenged premises, EU/EMU then embarked on their next fantasy, the 'United States' of Europe. The governing philosophy of EU/EMU was, very specifically and as demonstrated by their subsequent actions, the willy-nilly expansion of their 'union' as rapidly as possible, and never mind the unsuitability of presumptive candidate member nations. Greece's application for membership in EU/EMU was, as you most certainly are aware, one of the greatest wink-and-nod macro financial frauds every perpetrated by one nation-state on another group of nation-states...and quite evidently**with** the tacit approval of the EC and the EP.
Had EU/EMU actually followed their own rules, Greece's financial debacle would never have occurred within the EU/EMU domain. They didn't follow their own rules, let alone "handle" Greece's issues. Historically, of course, Greece's financial issues and generally irresponsible financial behaviour go back at least to the 1920s, and arguably well into the 19th century. That a Greek government would all of a sudden change its financial philosophy and behaviour effectively overnight was yet another fantasy indulged in by the boffins of Brussels.
Net-net, despite the Pollyannish fantasies of the self-styled Euro elites, there was never for a moment the possibility that Greece -- and doubtless a few other nations in future -- would not implode financially. Nor is there for a moment the possibility that EMU (first) and EU (later) will not themselves implode if there is no mechanism put into place by which to boot out the willfully irresponsible nations.
Keep Greece (and XXXXX and XXXXXXXX and ...) and lose the Euro, and sooner than later the EU. The equation really is that simple.
Best to you,
SAJ
Additioanally, Greece and others had to lower the percentage of people working for the government. It never happened.
Also there'nt supposed to be any tariffs on imports from the EU punished by non-accelerating fines. The Greek government totally ignored that and kept paying the fines which were much lower than the duties collected.
Fiasco. Let's create something, then punish noone and "extend and pretend". Sounds familiar?
TILT time.
Yes, indeed, mi dona...and thank you for adding those points.
Of course, it seems more and more with "modern" governments that only those who are DISfavoured by the self-styled "elites" have to obey the rules and pay the assorted supernumerous fines and penalties, true?
Prospero ano nuevo, (my apologies for not having a Spanish font),
SAJ
What Zero Govt said.
There were a load of rules in the Maastricht Treaty specifically because of this danger, so you're about 20 years behind the curve if you're discovering this for the first time.
Greece's issues were handled by Goldman Sucks, no?
Thanks Reggie.