This page has been archived and commenting is disabled.
In Cyprus, Shock Turns To Anger
For a few days, the rest of the world looked on awaiting the riots and social unrest in Cyprus that we have become accustomed to from their fellow unter-sufferers Greece and Spain; but it never came. However, as Reuters reports, the public shock (and numbness) over the tough terms of the so-called bailout is now turning to anger as million of Euros remain locked inside the country's banks. The people are "disappointed and angry," that the politicians are out of touch, and, "the big guys, who had the information, managed to take their money abroad." No one has answers for them, "I wrote to the central bank and they came back saying that it was not their competence, so whose competence is it?" as frustration boils over, "absolutely nothing adds up." But perhaps the saddest truth is that the Cypriots are resigned to years of hardship, "I am going to find myself on the street with no future, only debts. But we will fight to the end. We have nothing left to lose." It seems when a people has nothing to lose that anything is possible...
Public shock in Cyprus about the tough terms of an international bailout is turning into anger as millions of euros remain locked in the country's banks.
...
They are now demanding answers after allegations earlier this week that a company connected to the family of President Nicos Anastasiades shifted money out of one of the distressed lenders just before the banking system was effectively locked down on March 15.
Anger and impatience is rising as the results of an official inquiry into what caused the crisis, and exactly who knew what and when, is unlikely to be ready for weeks.
Banks reopened last week but Cypriots can withdraw only 300 euros ($390) a day under a range of controls imposed to prevent panicked residents from emptying their accounts or moving all their savings abroad. Anxiety is being deepened by confusion over how the hastily-imposed rules should operate.
Hundreds of bank workers protested outside parliament on Thursday, worried that they could lose much of their pension savings under the terms of the bailout deal. This stipulates that some depositors have to bear part of the rescue's cost if their accounts hold more than 100,000 euros ($128,500).
"I am disappointed and angry," said Iacovos Louca, 53, who works at Popular Bank, which is being wound down under the 10 billion deal with the EU and International Monetary Fund. "The politicians are out of touch with our problems and the big guys, who had the information, managed to take their money abroad."
...
Lack of clear answers on where their money may end up is fuelling public frustration.
Andrew Georgiou, a 55-year-old British consultant who moved to Cyprus a year ago with the earnings from the sale of his home in London, says all four accounts he holds with Popular - even a sterling account containing just 22 pence - are blocked.
...
"I wrote to the central bank and they came back saying that it was not their competence, so whose competence is it?," said Georgiou. "Nobody is explaining where anyone should go with a problem."
...
With an extensive remit ranging from the business sense of Cypriot banks hoarding a mass of Greek government bonds while others were selling them and the prudence of government fiscal policies, the judges will need a small army of consultants.
Cypriots are, in the meantime, resigned to years of hardship. Iraklis Paraskeva, 53, has three children to support, now studying in Greece. "I am going to find myself in the street with no future, only debts. But we will fight to the end. We have nothing left to lose."
»
- 35247 reads
- Printer-friendly version
- Send to friend
- advertisements -
Gerald celente agrees.
If the state ripped me off to this extent, I wouldn't be angry, I'd be plotting how to get it back. All's fair in love and war.
A preview of what will happen to Japan?
Kyle Bass on the Japan Implosion:
http://www.planbeconomics.com/2013/04/kyle-bass-on-japan-implosion.html
A mate of mine asked me what's going on in Cyprus and Europe as a whole....kind of a pointless question without the Big Picture.
Here is my response;
Yeah, the more I read the bigger this whole game is…and it really is a game of winner takes all.
You have many factions woven into several layers within the game. There are the countries around the world, there are the major financial infrastructures, there are the superrich entities, and there are the banking entities which stitch the layers together…which makes sense.
The best way to think of them and how they interact is by way of a Venn Diagram (below), then this will all make much more sense.
Take a simple Venn Diagram with 3 overlapping circles (A + B +C). Note that there are a total of 8 sectors including space outside the circles.
http://upload.wikimedia.org/wikipedia/commons/7/7a/Venn_diagram_cmyk.svg
Let’s say that;
A = Are the countries of the world
B = Are the major financial infrastructures of the world
C = Are the banking entities of the world
The next layer is where just two of the major players overlap;
A/B = Military Industrial Complex and Major Corporations
B/C = Central Banks
C/A = Major Banks
You can now see how every entity is affected by every other entity, to varying degrees!
There is also another sector, right at the centre. This is the Superrich entities who own most of the real assets on the planet, such as a vast majority of Military Industrial Complex, the Major Corporations and the Major Banks, as well as most of the natural resources. Since the Major Banks own the Central Banks, then the Superrich own the Central Banks as well.
Now here is where it starts to get a little grey…..
Who is at the centre?
Well, there are at least three types of Superrich entities, they are;
1. The ultra-wealthy families who have had money since at least the 1700s’. These families are well known historically but they are very well hidden today, so too is their money (Gold and something else).
2. The Oil wealthy such as the Arab states. These are newcomers to the centre and their future is tied-up with the prosperity of their countries; if the country falls, so do they.
3. The Oligarchical wealthy. More newcomers who have recently emerged from the end of the Cold War. These include most of the families which prospered from the Military Industrial Complex, like the [George] Bushs’, and Mafia type Oligarchs like Putin and his KGB mates.
Ok, so that paints a picture of how all the visible entities fit together…..but there’s another layer. This is a very, very well hidden layer.
Imagine that the Venn Diagram (the whole world) is drawn on a single piece of paper, well, who owns that piece of paper???
I believe that the next and final layer doesn’t really have a name…but I’ll call them the Custodians! The Custodians essentially won 80% of the world between the 1300’s and 1700’s. They comprise of many or most of the Ultra-Wealthy entities dating back as far as the Black Venetian Nobility, the Templars, the Teutonic Templars, the Vatican, and later entities such as the Rothschild family.
On the Venn Diagram these Custodians own most of the paper as well as the entire centre sector of the Venn Diagram.
These Custodians own vast, vast sums of wealth, accumulated over centuries. I believe the sums would be in excess of $700 Trillion. HOWEVER, this figure is not a Dollar figure, or a Yuan figure, or even a Euro figure and this is why…
When Rothschild created the Central Banking System he also created a layering of the system where, the Major Banks in each country owned the Central Banks from whom they borrowed the money. BUT, as with all systems it is built upon a network, and in the case of the Banking System and the entire Global Financial System it is built upon a framework (network) which is 100% owned by these Ultra-Wealthy elite families. It has been this way since the end of the Napoleonic War, where, Napoleon threatened the entire European Banking System as he believed in a Bank of France which lent money at 0% interest…he hated Banks, and Banks hated him!
So the real question is, what is the framework, what is the network???
The Custodial Framework
United Nations - Global Police
World Bank - Global Lender
International Monetary Fund - Global Debt Collector
Intelligence - Custodial Eyes & Ears (Mi6, Mi5, CIA, MSS, Mossad, FSB {KGB}, SIS, CSIS, ASIS, DCRI, BND etc)
Power & Control Centres - US Council on Foreign Relations, European Council on Foreign Relations, Club of Rome, Bilderberg Group, Royal Institute for International Affairs, Trilateral Commission etc.
Main Stream Media - Global Propaganda
Hollywood - Global Propaganda and epicentre for Alternative/Pagan/Kabbalic/Ancient Mystery Religious interests.
The Custodial Network
Bank for International Settlements - Global Banking Computer Network for the movement and transfer of Global Currencies (the Back Bone)
London Bullion Market Association - Physical distribution and controlling agency of Gold (real wealth)
Central banking Network - Physical distribution and controlling agency of Global Currencies (medium of exchange for services, goods and labour)
Organization of the Petroleum Exporting Countries – Global distributor and controlling agency of Global Oil (consumable real wealth)
What you must understand is that Currencies are merely a medium of exchange but Gold is real wealth and Oil is consumable real wealth. Oil is a type of hybrid between Currencies and Gold, this is why Oil States sell Oil in Currency (US Dollars) but there is always a payment in physical Gold as well. Oil has a usable function, Gold has a storable function, currency is merely a rate of exchange. You can think of Currency in terms of energy, Currency isn’t the fuel, Currency is merely the calorific value of the fuel being burned.
By the very nature of both the framework and the network, we can have a complete and total collapse of the Global Financial System and the Custodians don’t lose a single penny as they can simple create a brand new system at the click of a finger…new Currencies, new Bonds, new Banks, new Political systems….new everything….a brand new farm! This is because they own the machinery to make farms as well as the technology to do so.
People talk about a coming New World Order. If you believe what I have written you will see that it’s not coming at all, it’s already here, and has been here for perhaps 300 years. What they are talking about is merely the next cycle within the existing NWO…nothing more!
If you believe this, then for you the truth is revealed; that the threat of a coming NWO is a False Flag event. It is a deliberate misdirection to distract you from the truth hidden in plain view. If you believe that a NWO may be coming, then by definition, you believe that a NWO cannot currently exist. This is precisely what they want you to believe. They do not want you to realize that the NWO has already been implemented incrementally over the past 300 years and especially since the propagation of the Global Central Banking Cartel whose greatest achievements were the Bank of England, the United States Federal Reserve System, and the Eurozone (including European Central Bank).
There is of course one thing which they cannot create at the click of a finger…Gold!
When financial systems collapse the wealth transfer goes into Gold, which then becomes the store of wealth until a new system is put in place, then, the wealth transfer goes back into the new financial system. So, owning Gold is owning a piece of the next financial system, not the current financial system…get it? This is when Gold is most potent.
http://politicalmetals.files.wordpress.com/2011/09/global-reserve-currencies1.png?w=595
For this reason, every time the financial system becomes fragile, every entity always runs to Gold. Often they don’t really understand as to why, but they do nonetheless.
The real reason as to importance of Gold is very, very simple. Gold doesn’t sit within the Global Financial System itself, it sits outside the system (outside the Venn Circles), resting on the blank white paper which is mostly owned by the Ultra-Wealthy. In visible terms it is like the ‘Construct’ in the movie the Matrix, something which underpins the false reality which is created upon it.
To own Gold is to own both a commodity which is assigned a Currency value as well as a piece of the next framework, a piece of the next network. Everything else is which is going on is just noise and distractions to the masses….’Bread and Circuses’.
Currently, we are seeing suppression in Gold. I believe the reasoning behind this is to buy-time, enough time so that the framework and network have sufficient Gold reserves to restart the system and a long enough period of time so that the Gold buying is invisible to the general public, so as to avoid a panic or ‘run’. In any case, the next cycle is inevitable and it is coming whether we like it or not, or whether we are prepared or not.
Your piece will require a lot of thought by a not so bright Bearing. Completely agree re gold though.
Any dead bankers or politicians yet?
Fuck you sheep!
The main problem for Cypriots is that there is nothing for them to physically attack. The "leaders" are phantoms who go to and come from meetings in secret places. There is no target. Even if they torch the Central Bank building it does nothing to the actual machinery of the financial system. They could possibly burn the Parliment building but the MPs did the right thing by not going along with the first assault wave regarding the "hair cuts", and they were bypassed by the Executive branch.
IMO the only thing they can do is passive resistance. A complete withdrawl of any activity which might support government funding. Essentially going Galt.
If they burned down town it would just be their own property they were burning. Makes no sense.
Holy Ezio Auditore!!!
+10 Spig
And may I add, TwoShortPlanks also hit a nice run with that piece.
Essentially, going Galt is the ONLY way we could possible have any power over these fuckers? Umm, got to look into ..wait, didn't Jesus, MLK and Ghandi say something about that?
They are only phantoms to those who run around in tinfoil hats.
you mean stop paying taxes ?
BULLSHIT! Burning down the bank(assuming they can't find bankers and politicians to lynch) sends a clear message. It inspires people around the world to do the same. The elite fear death just like anyone else. And justice will be served once the 99.9% of people are inspired by the actions of those who are most persecuted. Let the European Spring begin in Cypress. Or should they be weak, then when Ireland is raped again, let it begin there in earnest.
what-no shitcoin mention?although I do believe we are headed towards one currency to rule them all.
Bitcoins are a wonderful idea when society is operating properly. When things go off the rail, Bitcoins become vapourware.
I feel most Bitcoin investors will lose everything...someone is always smarter.
If things go off the rails everywhere, all at once, then you may be right.
However, while it's probably not wise to hold your entire wealth in BTC, they should still be very useful if things go off the rails in your own country first. Just look at the spike in EUR/BTC when the Cyprus deal first hit the news -- or all the questions about BTC posted by Argentinians affected by exchange controls.
How many farmers or grocers accept BitCoins?
TSP, tell more please.
Post WWII, but perhaps earlier, it was realised that Gold must be removed from the financial system. The excuse given was that it impaired the Banking Systems' ability to expand and therefore protection 'US' from future crises (Keynesianism). A lie which even the bankers bought into...why wouldn’t they?!
The real reason Gold was systematically removed from the financial system (Globally) was to place it even deeper into the financial system (LOL). A Gold Standard is akin to Gold acting like the mortar between the financial bricks of the Global Economic Building however, removing the Gold simply meant that Gold then flowed into private vaults of the same entities who owned the Gold within Central Bank vaults in the first place. They merely relocated the financial strength.
The Gold was replaced by 'Promise To Pay' and it flowed into the foundations on which the entire building is built (BIS etc). In this way, the building can be knocked down and rebuilt, using the foundations over and over again. The Gold never left the structure at all, it was merely reassigned.
So, instead of Gold being used as the mortar between the bricks of the Global Economic Building, we have 'Good Will', and good will can be expanded easily...but it can also erode just as quickly (faith). This is why we will either see a Global Financial Reboot, or, they will push Gold back up into the Mortar (Bond backing).
In essence, the removal of Gold meant that the nature of the system transformed from 'Fixed' to 'Recyclable', so long as the foundations are retained.
I don't envisage Gold as money, or currency, or even wealth, that's too rigid. It's like a Stem Cell; it can be grown into other things.
Just because Gold may re-enter the system doesn’t mean ownership changes.
Also, don’t think that Central Bank Gold Reserves being leased out is criminal, because the entities who own the Central Banks are the same people who are leasing the Gold, as well as all the intermediaries in-between.
So what’s happening in Cyprus? Well, Cyprus is the very first indicator of two things, they are;
1. That currency really isn’t owned by the depositor and is in fact owned by the representative Central Bank, and in turn, by the owning Banks, and in turn again, by the mob I discussed originally.
2. That the Global Central Banking cartel has blocked all the exits by taking over every other Central Bank in the world, or is very close to it.
“Give me the power to issue a nation's money; then I do not care who makes the law”
And that about all there is to it.
I wonder if a ‘Promise To pay’ includes food rations?
What good can small amounts of gold be in individual hands if it is not used as a currency?
Future. Land. Title. Transfer!!!!!!!
Think $134k/oz (in todays' currency terms, post collapse)
PS. anyone who thinks this is all criminal, think again, you are free to go out and purchase your own physical Gold, with currency belonging to another, at a very very low rate...TODAY! You are merely transfering your physical labour for the physical labor of another.
PPS. it's their currency which is dying, not yours. Protect your labour with PMs.
Nuff Said.
TSP, gold has always struck me as a mortar of sorts, but as a medium of valuing sovereign currencies against each other. So if Japan inflates away the Yen, the number of Yen required to buy an ounce of gold should increase. But if at the same time the Dollar is not inflated the price of gold, in Dollars, should remain the same. Thus it should cost more Yen to buy a Dollar. I see Gold as having been the useful medium to value currencies, i.e. the value of one nation's currency against another nation's currency when one or even a few nations decide to inflate. A different situation arises, in my mind, when all nations inflate at the same time. If all inflate then the medium of gold would seem to be valuing all inflating currencies against gold, i.e., all currencies should lose value because the holders of the gold will not want to sell their gold to receive a currency that is worth less due to inflation. Do you have any thoughts on this matter?
What you describe accurately is the temporary foreign exchange model. It's about to reach 'teminal velocity,' hence the shocking divide between paper prices on the CRIMEX and real availability of product. PAPER PRICES DON'T MATTER IF YOU CAN'T GET THE STUFF.
This piece is about Ag, but the point remains.
http://seekingalpha.com/article/1314211-u-s-mint-sales-for-march-u-s-on-pace-to-use-all-domestic-mine-production-for-silver-eagles?source=email_macro_view&ifp=0
You left out the:
D: Multi-National Corporations and
E: Insurance Companies
also, it seems as if you are coming from a Western perspective, leaving out other competing Ideologies and specifically the maniacal islamists that want their interpretation of how things should be.
It's not as clear cut as a Venn Diagram.
TSP... If those in charge are selling off gold reserves in order to suppress the price even though
the gold reserves will be the only thing left to back a new currency after those in charge destroy
the value of the present currency, wouldn't that be grounds for treason? I believe the logical
reaction would involve a length of sturdy rope or perhaps a firing squad.
Would it be criminal to store grain to plant next years' crop while people starve outside the granary?
See Luke 12.
Quite appropriate. This is about a spiritual battle. Trans-generational evil such as TSP is describing indicates/reveals the presence of a spiritual intent. "That which has been hidden, will be revealed." Things are really heating up now!
It is when that grain is Monsanto grain. And if it wasn't, they would find a way to make it criminal.
conceptually no, it would not
however, the question is who is planting next year's crop. is it the same criminals that mismanaged the food grain and are the cause of the starvation?
But Zorba on whose behalf are the puppets acting?
Both puppets and masters are guilty. One cannot prosper without the other.
Aye
Currently, we are seeing suppression in Gold. I believe the reasoning behind this is to buy-time, enough time so that the framework and network have sufficient Gold reserves to restart the system
The suppression of gold prices works because people are stupid. The sheep "invest" in things that are rising in price - for fear that they will miss out on what is already behind them - and "divest" of things falling in price - because of a wiring problem that makes them unable to recognize when a sale is on.
But if you believe the motive is to accumulate gold to "restart" the system, I believe you are mistaken. The purpose of hoarding the true money foundation is to recalibrate the system. It is ultimately about a forced transfer of sovereignty. The people of Cyprus are guinea PIIGS.
"It is ultimately about a forced transfer of sovereignty."
I think you need to see just how deep a significance a "forced transfer of sovereignty" would actually be. The outcome would be very similar to what I'm suggesting...ignoring the picture and color changes on meaningless pieces of paper.
The same people win everything, and the same people lose everything, in both your senario and mine.
String Theory and M-Theory....perspective!
Oh I see the significance. That is the broadest view of what is going on. The currency issues are simply a conduit to what is a grand power play by self-loathing people who collaborate to subordinate the masses. We may be saying the same thing, but your use of the phrase "restart the system" conveys a benign intent. There is nothing benign about what is going on and the ambitions behind it.
Yes, it's very broad and not accurate, only approximate.
Whether the solution be benign or otherwise, the owners of this system (assuming they exist) have two fundamental problems, they are;
1. A failing financial system, which they own, in which they derive wealth and status from (so, gotta keep it going or start a new one similar).
2. An overpopulating world which will kill itself if it continues.
They are damned if they do and dammed if they don't. In the end, both problems will be solved via a single solution...and it ain't pretty!
NOTE: If my thoughts on all this turn out to be even remotely close, then we must think of Agenda21 in its' corrects terms....A 'Tennancy Agreement', as scary as that sounds, AND, the possession of Gold to reduce ones' usufructuary exposure.
Usutruct (Ceasar owns all): http://www.youtube.com/watch?v=AmLT5WGMJj8&feature=related
A tennancy agreement between who??
They can't stay hidden in the dark when they have to come out and sign this contract, can they?
Damn, how I wish everyone would see how preferable anarcho-capitalism is, compared to being a slave ant in this world.
All about power... And one piece you don't mention. These "people" don't exactly attend the same religious services as your average human being. They sold out long ago.
Agreed, they don't....*thinks about Kubrick*
Every "medicine" has side effects. Gold price suppression causes silver to be artificially cheap. Peeps/sheep blindly follow the leader. Some buy while others sell, but almost EVERYBODY is doing what they see others doing. Humans are very much herd animals. Seems to me that only about five peeps out of a hundred are capable of original thought, irrespective of whatever cohort you're in, no mattter how high an ivory tower.
PMs are not the only manipulated market. Look at last Thursday 3/28 when USDA issued a number for corn stocks with 400 million bushels coming out of nowhere at noon ET. Less than 2 minutes later May corn was lock limit down 40 cents and today a new 2013 low, dragging down beans and diverging from wheat. There's a pairs trade for ya! ZCK3-ZWK3 went from -10 to +60 cents. All 'cause of one number in a monthly release that could have been a mistake! Just one number with no footnote, ~200 million bushels higher than the most "bearish" analyst with the consensus being the 3/28 USDA report would push prices higher. Not. Next Wednesday April 10 the full-enchilada big-time WASDE will have the breakdown, but till then the market acts as if USDA is like Moses talkin to God. If there are any real traders here, don't miss the grains next week. So we got that crazy disjointed ag market with two major reports in a week, fallout of cheap corn rallying meats, and on top of all that the grain trading hours are going back to more like it used to be before the 21-hr continuous trading we have now. Beginning Sunday night April 7 Globex grain/oilseed trading opens 3 hours later than usual, coinciding exactly with the 9 AM opening of Chinese trading. The only time that market has opens exact same as China were unusual post-holiday delayed US opens. So my thinking is that the algos won't know what to do for quite a while because the clock is all out of whack. Trading is easier in the evening when it's mostly humans and the new shortened hours should put more oomph into that new 9 PM EDT open.
I enjoyed it.
That was a damn fine post. You have my respect sir.
Assumption, Custodian is not human. Otherwise he better get his ass into an AA meeting pronto.
Excellent analysis 2ShortPlanks for your post up above.
Something like this analysis usually either:
1) goes over peoples heads 'cause they can't 'handle the truth'
2) invokes cries of 'conspiracy buffs' and the derision that accompanies it
The only thing I might add is that I can't quite place the role of the BRICs (especially Russia and China) in the future scheme of things. Possibly they might be beyond the reach of the "Custodians" ...although I suspect the Custodians are furiously trying to draw them in as semi-equals (disingenuously, to be sure).
The BRICs have been troubling me also...all I can say is watch what they do.
China has been Cyber Attacking Australia's Reserve Bank. The RBA claims the Chinese are leaving bread crumbs but they are attempting to find out what RBA's Rates will be doing. Maybe so, but I personally believe that China is trying to find out what the RBA is thinking and doing about Australia's Gold Reserves.
If this assumption is correct, then it stands to reason that BRICS are perhaps trying to make sure they're are well ahead of the curve.
Remember, Australia is part of the Commonwealth. Australia’s' Intelligence Agencies are closely knitted to the United Kingdoms, as with Canada's (SIS {Mi6} = ASIS = CSIS). They have very similar structures and that's not a coincidence.
Although China and Australia's trading relationship and citizenry are quite close, China is very aware that the Commonwealth and the Peoples' Republic of China are chalk and cheese.
You need a blog dude... you sure do.
I need an enema.
Thank you TSP for a very interesting and thought provoking analysis.
I can well believe that this is the real set-up.
Nothing surprises me these days.
Where does pussy fit into all of this?
She's the goddess over which none of the control freaks have power.
TSP, your comment brings to mind a quote from Woodrow Wilson: "Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." Could that power be the cause for the cypriot government to sell-out on its citizens?
Good work, been wanting to put down on paper what's in my head! You've done it for me :) When you talk of gold do you only see gold or gold and silver. Different beasts in many ways, but both extremely valuable, one as a pure store of value, one as with extremely important uses as well as a store of value.
One question, gold and silver - do they need to be monetised? Just unmanipulated and allowed to show their true value. Admittedly in a comparison to currencies, but only to give people a sense of their comparative worth against other tangible assets - property, land, oil as you would only trade physical for other tangible assets not bog paper?
i missed this article 3 weeks ago. was doing something important, i'm sure.
i think this is the clearest, most concise post i have read in years. and it provokes crystalized thought and discussion. it reminds me of a work "the making of the atomic bomb" by richard rhodes, a single book that connects all of physics to the pinpoint in time when the power of the atom was unleashed, to read and understand it is the equivalent of a phd in physics.
well done two short planks, thought and framing of discussion in such a distillized post is rare, and i wish i could up arrow it 100 times.
Exactly. There is no anger !! There is no testosterone in the world any more. 500 years ago, the actions in Cyprus would have been followed by a mob armed with pitch forks and the heads of leaders and bankers on pikes. Their pussification and inaction only encourages them to to do this MORE, not less
Not yet....I think most people are still living off the excesses of the past decades. When they eat their last meal, they will revolt.
I'm "disappointed"... that's why I'm clutching this shotgun here.
Do I smell a revolution?
http://jimrickards.blogspot.ca/
I have just started an occasional series on the value of predictions (not much IMO), based on some reading I have done lately (books by N N Taleb and Nate Silver). I start w/ gold..., but the same ideas would pertain to predicting almost anything, including what may happen in Europe.
"Danger in Predicting Precious Metals Prices"
http://tinyurl.com/d8nhdjq
Taleb has a great quote about predictions and market timing... "It is not the frequency with which you are correct that matters, but rather the cumulative value of your losses that counts."
One visit to extremistan, and the fallacy of mediocristan crumbles.
+ 1
I am still trying to digest all of the extremely valuable lessons in those two books.
Years ago (seems like yesterday), I thought I was pretty cool trading softs; had all the cool and latest tech graphs online in RT.
One day I made over $6k, a few days later not so much.
You're preachin' to the choir here, son. But well said.
frequency x amplitude x (the number of cycles on your hopefully long enough time line) = total return
you can modulate either the frequency or the amplitude to achieve any deisred return over a given period of time
the cumulative value of one's losses is meaningless without the cumulative value of profits and the periodicity.
For example an etrade baby with five figures of monompoly money can churn a million dollars of trading volume per day, which work out to ONE QUARTER OF A BILLION bernanke bucks per year. At 1% amplitude he would have $2.5 million in cumulative loses which would be offset by at least $2.5 million in cumulative gains (if he was actually a professional trader or the algo alter ego of one).
In a month this will be forgotten, as the sheep in Italy are rounded up for shearing.
Yes, ITALY does seem to be a real problem now...
dochen, problem for who???? not the ones latching onto the veins of these peripheral countries, thirstily gulping the lifeblood of its citizens....leaving nothing body a shriveled, cold nation-body to rot.................nobody cares since its not happening to their country.....look at slovenia.......nope cant happen here!!!.....never.......
http://www.bbc.co.uk/news/world-europe-22025555
I am not sure how to respond (sarcasm?, recall that Bearings are bad at that), kito... Italy going down the tubes is obviously bad for them. But, it's bad for anyone holding any Italian debt (France) as well as demonstrating a real contagion effect.
Hear ya and agree that it's no problem for Goldman Sachs, etc...
as long as the almighty union of european nations remains tied to the hip, all is well!!!!!
hey arent you glad peru left the shackles of the imf/world bank??? south america is finally FREE!!!! now the european banker snakes eat their own tail.....
While Peru is doing just fine for now (and has been for some 10 years), I never make the assumption that Peru will be permanently free or permanently prosperous.
The southern Europeans should join together, exit the euro, and form their own currency that they can inflate to their hearts content. They could call it the "dago".
I agree. And the dollar countries can get together and issue a new currency called the KLEENEX.
That's right - it is the contagion that threatens everyone - individual depositors pulling their money out that is the real threat.
they're going to retry amanda knox so the dagoes direct their anger at america and not their own asshole sellout leaders-bread and circuses from the people that originated it
I'd like to see Amanda Knox and Rafael Nadal hook up .... cute couple .... they could marry on one of Francesco Schettini's cruise ships .... Giuliano Mignini could marry them .... "I love the way the afternoon sun lights up Rome !"
+ 1
You crazy !!!
Amanda Knox should be retried.
According to polls, Cypriots still want to stay in the Euro so I am not sure why they are angry. They could easily stage a revolution and exit even if their parliament was against it. But they just protest peacfully as everyone else in the false belief that such protests actually have any effect.
Well yea sure, less than 50% would have been affected here. Showcasing the worst of "democracy" here, two wolves and a sheep voting on what's for dinner.
amazing, taking whatever the powers dish out, but the fear of the unknown is worse for them.................is there a shelter set up for battered and abused nation-states who finally run from their opressive captor after years of domestic abuse ?????.....................
What polls, the same BS we get from CNBS?
Correct me if I am wrong, but when put to a vote, No european country's people have voted in favor of giving up sovereignty.
I worked with two socialists, one from Sweden and one from Ireland, who'd moved from their own countries to live in Southern California, seemingly so they could more easily explain to our faces why we're all ugly Americans.
When discussing the EU with them, for which they were relentless cheerleaders, I summed up my ideas on the subject by pointing out the loss of sovereignty for each country and definitionally for each individual. They had a very perceptible visceral response to the word sovereignty. It seemed to burn them like holy water splashed on Satan.
As California crumbles, I suppose they'll head back to the places they'd previously fled for lack of opportunity. The Swede will probably never recognize her beloved socialist hive has actually implemented far more free-market initiatives than the US has seen in decades; she'll continue to believe collectivism brings prosperity. The Irish gal is simply screwed.
Women suckled on Sentimentality who don't know how far they have been manipulated into powering The Matrix
As in the US they have them on a morphine drip of government assistance - they are selling thier children's future for some free shit.
I don't know how much longer a majority will favor being in the euro. I read that 62% favored being in the euro from a poll around March 18. That is not too high a number when you compare it with Greece, which still strongly favors being in the euro (about 70%) despite all the austerity, etc., imposed by troika. I can definitely see the number of Cypriots in favor of the euro slipping as the consequences of this play out. Cyprus only started using the euro about 5 years ago.
This will only change after a few of the elite miscreants are pulled from their beds in the middle of the night, doused with petrol and set alite in the street.
They do deserve to be "lit up". As long as the bank accounts got bar b qued, might as well at a politician and a banker to the fire as well.......
" It seems when a people has nothing to lose that anything is possible"
Channeling Gerald Celente.
Gerald Celente: “When People Lose Everything, They Have Nothing Left To Lose, And They Lose It”
there in lies the problem...the citizens of cyprus, spain, greece, etc are always led to believe that there is something to lose........ they cant even see that its already lost......tptb are constantly hammering them with some vision that is worse than their perceived state....and then little by little, it gets worse...and worse.....and yet the masses never know....because the masses are worried about something worse..............
False
Expectations
Appearing
Real
The lesson from history is that it can always get worse.
I believe Janis Joplin had it right "Freedom is just another word for nothing left to lose." I hope these people stand up and scare the bejesus out of TBT and the politicians in Cyprus. Liberty now "starts there" for the future. If they stand up now, it will spread like wildfire across Europe and the the US. I am a believer. I have to believe this. The other outcome is rabid political and social upheaveal by social, economic and cultural displacement. That is never a good thing and it makes for a lot of innocent victims.
I hope they starts shooting and assaulting their political leaders (so called leaders) that screwed them over, and then I hope the start killing the greed thieves that got tipped off. Kill 'em all I say. They are very BAD weak people. I am so done with the corruptacratic class to even care how fate lands upon them.
Dylan, "When you've got nothin, you've got - nothin to lose"
Like a Rolling Stone
"I hope these people stand up and scare the bejesus out of TBT and the politicians in Cyprus"
Depends Everyman, they may not be in enough pain yet. Wait till they go hungry, lose their homes, can't buy clothing, etc....When the shock wares off then the reality of what happened to them will set in and then the Cypriots will come to full boil!
I agree. They are not far from pain now.
Janis Joplin - Me and Bobby McGeehttps://www.youtube.com/watch?v=OTHRg_iSWzM
But they are stuck on an island. What can they do?
If "they" were actually scared, we'd probably see an almost immediate nuclear exchange and another dark age.
You have to admit the possibility.
I guarantee preps are in place for "them" if that were the only option.
The banksters probably don't care if the Cypriots set the country on fire. It's little skin off their noses.
But if the rest of Europe, or even parts of Europe, drain down their holdings in their banks, now THAT could upset the bankers' applecarts.
Everyman you are just a plane ride away. Become a jihadist for the Cypriots.
Kris Kristofferson - Me and Bobby McGee Lyrics
What happened to the Iceland option?
Clearly wasn't good enough for TPTB to accept as a "template."
Imcypressment or just plain Cypressed
Cyprus is the test bubble for the larger ecomomies of Europe, Spain, Italy et al. To see how it goes over. To see if the sheeple protesteth too much. To determine how much of the peoples wealth they can steal outright with out consequences for themselves. Bigger grabs are certain. In the USSofA, a smallish State like Delaware or Maine would serve the same purpose. The real show starts when the tests are complete and the evil mother####ing banksters go whole hog. Naked unadulterated theft. Open and in the Sunshine. I have nothing left to do but wait and watch.
The banksters might not care to much if the people of Cyprus riot or not. Their exposure comes from Europeans in other countries doing a run on their banks. If the reaction exceeds the cash on hand, then the whole thiong could come crashing down around everyone's heads.
Bank of Japan Governor Kuroda says will continue easing until price growth sustainable
Says:
- BoJ is not financing government debt.
- BoJ will discuss a replacement for banknote rule.
http://ransquawk.com/headlines/bank-of-japan-governor-kuroda-says-will-c...
Not financing Govt Debt. Must mean they are buying public debt. Next stop refianancing? Quickest and best way to get more money in the peoples pocket. Though knowing the Japanese, they will just buy Govt bonds with it.
Even now not a single maggot is hanging in the street.
This couldn't have been foreseen now could it!
why with no supervision did cassano buy over $100 billion in risk on phony RE CDO's via the CDS with the banks with no way to cover it -why did the cyprus banks buy greek bonds - large - with no way the greeks could pay and did it after 2008 and no way to cover it
someone or some group is calling the shots as to where to stuff the big boxes - none of these trades make sense before they were made - the yield was never that great for the risk
Real anger is heads on pikes.
just be patient.
Advice to Cypriots: Do what Iceland did. Throw the politicians in prison. Issue warrants through Interpol for all the bastards who illegally took their deposits out of the country, and claw back the money.
Tell the Troka to take a hike and revert back to the old currency.
Just remember that as brave as Islanders were, they still are paying the bankers back..every penny.
They only demanded that it was not going to happen within the asshole's timeframe.
"Nothing to lose".
This is where the bankers, central bankers, and their lackey politicians are pushing the world.
They will not rest until they have bled the common person dry of assets and hope, and what does history teach is the result?
WAR.
I hate to see Sheeples raped in broad daylight. Shame, but it's happening more and more with little to no consequences for the rapists.
Cyprot Banks .... where money goes to rot .... buy silver .... and take longer naps .... all is well !
Until these smart ass banksters and the lawyer/lobbyist crowd start getting whacked out things won't change.
It is indeed sad, but some people are just going to have to die.
No justice. No peace.
I remember my Family telling me I was an idiot for buying Gold and Silver. They all said I would lose everything because Gold and Silver is so dangerous. They told me to sell it and put the money in a Bank where it would be safe.
I remember telling friends in Cyprus, UK, the States, Greece and Spain and Australia to sell up and buy gold and silver and they looked at me as if I had sprouted a neon sign with "IDIOT" flashing on it.
I guess I was an idiot for wasting my time and breath.
The propaganda is strong
These "poor, destitute" people with "nothing to lose" are still much better off than the average middle class person of 100 years ago. There is still not yet enough hardship to drive the people to action.
Things will have to get much, much worse before they will ever get better.
You bet that things will get much worse. But as long as there are no conspicuous shows of wealth, the populace will still be compliant as long as they can see the person next to them suffering like they do.
Our financial systems as they currently are structured are nothing more than legalized theft - heads we win, tails you lose - protect yourself.....
The sheeple continue to be butt fucked--and apparently like it. Nothing new here.
"
Let’s say that;
A = Are the countries of the world
B = Are the major financial infrastructures of the world
C = Are the banking entities of the world
The next layer is where just two of the major players overlap;
A/B = Military Industrial Complex and Major Corporations
B/C = Central Banks
C/A = Major Banks
"
what a load of shite. C= banking and we all know the banks are worth ZERO...! DIVIDING BY ZERO GETS YOU SHIT NOTHING...! I THINK IT IS MORE LIKE A*B*C = CACA = SHITE...!
But now my popcorn's gone cold.
All they need is one person to fire them up and lead them. If and when that happens, plows will turn into swords.
There was no reason for putting people under such dire straights.
It is all about "it is mine" or "it is owed to me"
Well, when you have nothing else to lose then it becomes a different matter doesn't it?
You mean they haven't chopped off a single bankers' head yet?.... I guess the Cyprus Govt. has all their citizens dumbed-down on via Floride or Viagra in the minucipal water supply.
I guess they don't have the Amish Mafia in Cyprus - "an eye for an eye".
Smith and Wesson and BitCoin have solutions for Cyprus if only they would welcome them.
Interesting that we are now getting to the heart of the matter.
Financing and sales of expensive Defense equipment to small countries,which causes serious debt problems,and now without the ability to inflate the currency. In a way the Cypriots have been importing the Greek Gov't debts,by purchasing their bonds,and thereby financing their Defense buildup.An odd situation is made odder still by the Russian money from dual citizens.Perhaps Tyler should devote a column to how all these small countries are given free money in Defense credits to vote a certain way in the UN. I had an Argentine co-worker in Australia once tell me that all the stuff they got from the Yanks (under Peron),half-tracks and such was all rusting away in a few years,probably junk to begin with and then not properly maintained. Someone once said that "you can do almost anything with bayonets except sit on them". The whole business about turning swords into plowshares is questionable. Killing equipment is really only good for killing. But you still had to exchange some wealth for it....
Cyprus needs some experienced "Community Organizers" and good "Political Activists" for them to learn how to achieve their freedom from the yoke of oppression of the banksters.
Since our country's fathers are dead and long gone, maybe we can deport some of "King Pinocchio's" trusted advisors on loan to Cyprus to stir things up for a "Cypriot Spring"? When they come back, if we allow them in, they'mm maybe appreciate freedom better!
It’s a pity that people only are getting angry after the fact when it’s much too late. When you’ve told them before you would have been wimped away as negativist, unrealist or conspiracy theorist. People won’t listen but will face the harsh consequences of this New World Order. Happy dieing folks! Told Ya so …
How does Singapore tie up into all of this.....after all it is one of the '''safe havens'''' is it not?
Singapore is where the Japanese are making their corp headquarters.
Oh! Man.... Singapore Fukushima...... Fukushima Singapore ........... Herrrrrooooo!
Coming to other European countries near to you soon. I am actually surprised that in countries in troubles in Europe nobody has been popping politicians, bankers and other scum. I mean with a history of Bader Meinhof group, Red Brigades etc. Instead, people are popping themselves and putting themselves on fire. What does that accomplish? Nothng. TPTB only laugh at that.
It is sad that so many of these people who will literally die of want will do nothing but yap at the people who drove them to their deaths. Even worse, they may vote for them again, just before they die.
Perhaps they're putting something in the drinking water to keep everybody docile. Or perhaps people watch too much television and hope everything will get better.
Baader-Meinhof and Red Brigades needed East German intelligence support to operate. It is far harder without help from Intelligence Services.
banks closed in cyprus once again - this time due to general banking sector strike
If we lose our guns we lose everything.
If guns stopped people from losing anything, how do you explain 7 trillion in 5 years being lost in the US banking vacuum?
As my brother said in 1980 in the racing boat business in which money meant more than skill....fuck the fucken fuckers!
All over the world, people whose ancestors have lived where they themselves now live, ask why do I not own this land. What is the system that perpetrates this!!
They should slaughter all their politicians and bankers immediately. In the street for all the world to watch. Pigs were meant to be slaughtered and that is the fate for these MF's.
indeed. they should watch on cnn how the trial balloon cyprus ended with mass beheadings.
They should set up some old printing press and start to produce their own currency STAT. Every revolution needs an own currency, americans did it that way, and Lenin knew that, too.
"I wrote to the central bank and they came back saying..."
They took all your money and you wrote them a letter?
Um, yeah. I can see why the Troika picked Cyprus to loot.