contagion what ails the system
UIDIOTRACEMAKEWO RLDPEACE

United States

#744 Aug 29, 2013
Below is good or bad what US militarization neo-imperialist is doing to world economies and to americans financially and economic wellbeing ! And US used china, ASEAN nations, Latin America, Africa, and even macroeconomic war on its G7 allies...

Gods of Money
Wall Street and the Death of the American Century
by F. William Engdahl
edition.engdahl, 2009, paperback
p272


The dollar system ... a paper or fiat currency, went through several phases after August 1971. The first phase could be called)the 'petrodollar' currency phase in which the strength of the dollar rested on the 400% rise in oil on the world market priced in dollars, and on the highly profitable recycling of those petrodollars through the US and UK and a select handful of other international banks in the City of London, the offshore haven for Eurodollars. That phase lasted until about the end of the 1970s.

The second phase of the post-1971 dollar system was sustained on the Volcker interest rate coup of October 1979 and lasted until approximately 1989 when the fall of the Berlin Wall opened a vast new domain for dollarization and asset looting by Wall Street banks. That opening, combined with the colossal economic growth of China as a member of the WT O, opened the world economy to a drastic lowering of wages across the board, most dramatically in the industrial countries.

In 1997 yet another phase in the post-1971 dollar system was initiated with a politically-driven hedge fund attack on the vulnerable currencies of the high-growth 'Tiger' economies of east Asia, beginning with Thailand, the Philippines, Indonesia and spreading to South Korea. That phase was in large part responsible for a massive inflow of Asian central bank dollars into the US dollar to build dollar reserves as defense against a possible new speculative attack. The inflow of hundreds of billions of dollars of Asian capital after 1998 fuelled the US IT stock market bubble of 1999-2002.

The final phase of the dollar system after August 1971 was the Alan Greenspan Revolution in finance, which he launched after the collapse of the IT stock market bubble in 2001-2002, By his strong support of the revolution in finance, mortgage and other assets as security to issue new bonds, Greenspan helped engineer the 'securitization revolution' which ended with the collapse of his real estate securitization bubble in 2007.

Since: Oct 08

Mumbai, India

#745 Aug 29, 2013
there are quite a few countries which has become distressed with their depriciating currency and bouyant import bill on crude, hope Iran offers crude pegged at INR (at its fair value) in barter with goods and services by the importing country.
would then blessing of Israel be required.

Since: Oct 08

Mumbai, India

#747 Sep 18, 2013
so policy makers maintained the U.S. central bank’s program to buy $85 billion a month of mortgage-backed securities and government debt.
the quality of MBS has the resonance of what freddie and fanny went through on its pricing and liquidity measures. thats to remove structural issues of US.
the balance is free raw material to FI's.
the issue is that fed is still printing 85billion? a month and bloating its balance sheet.
the step reflected the reversal in currencies fortunes of countries growing over 5%.
what an anomaly.
this atleast gives a breather to developing countries to decide on the quality of moneys flowing in their country, and wish that India fin min do not again go on a binge for hot money.
that leaves the bears with shorts on developing markets, if that sustains then the problem gets magnified, which the developing counties collectively have to resolve, there is a conflict of interest here of developing and developed world which one needs to attend to.

Since: Oct 08

Mumbai, India

#748 Sep 19, 2013
turkey up-7.46%
India up 3.49%
Indonesia up 4.65%
phillipines up 2.85%
does it say something or is it that people think that shorts have been held pants down, but is it when more USD is been pumped in the system.
its the exchange rate which looks relevant 2-4% change!!!!.
thus its just a carry trade and hot money float being created.

Since: Oct 08

Mumbai, India

#750 Sep 20, 2013
Buffett Says Federal Reserve Is Greatest Hedge Fund in History- bloomberg

Billionaire investor Warren Buffett compared the U.S. Federal Reserve to a hedge fund because of the central bank’s ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion.

“The Fed is the greatest hedge fund in history,” Buffett told students yesterday at Georgetown University in Washington. It’s generating “$80 billion or $90 billion a year probably” in revenue for the U.S. government, he said.“And that wasn’t the case a few years back.”
--Hope this is correct and books match when the balancesheet is trimmed down,this is notwithstanding the issues which the winding down may carry

Since: Oct 08

Mumbai, India

#754 Sep 24, 2013
UidiotRACEMAKEWORLDPEACE wrote:
<quoted text>Why would you want corrupted Zionist Israel ? How about IMF?
getting off the religiou bandwagon and politics isreal is a innovative state (thats because the environment fosters it - wish same was available in India, which is fast becoming a shopkeepers country)
but then Isreal blessing would be required to move oil ou of Iran a top 5 oil producing country, Isreal blesses IMF UN World bank all blesses

Since: Oct 08

Mumbai, India

#755 Sep 24, 2013
UidiotRACEMAKEWORLDPEACE wrote:
Antonio Maria Costa, the head of the UN Office on Drugs and Crime, 2009
[Drug money was] the only liquid investment capital” available to banks on the brink of collapse, with roughly $325 billion in drug money absorbed by the financial system. Without identifying specific countries or banks, Costa stated that,“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities... There were signs that some banks were rescued that way.
hope this is wrong else US govt looks other way when it suits them, thus the forced embargo on Iran is meaningless

Since: Oct 08

Mumbai, India

#756 Sep 24, 2013
UidiotRACEMAKEWORLDPEACE wrote:
Antonio Maria Costa, the head of the UN Office on Drugs and Crime, 2009
[Drug money was] the only liquid investment capital” available to banks on the brink of collapse, with roughly $325 billion in drug money absorbed by the financial system. Without identifying specific countries or banks, Costa stated that,“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities... There were signs that some banks were rescued that way.
wonder what the world would be if the same prnciples were applied to US when countrywide fell

Since: Oct 08

Mumbai, India

#757 Oct 14, 2013
so nobel prize got religious, both god and devil on the same platform to prove religion

Since: Oct 08

Mumbai, India

#758 Oct 20, 2013
the JP morgan fine seems to be in right place,
only issue is the fine ought to be spread across where effected, the ramification was world wide, thus should the fine go to US dept of Treasury alone.
one stats which needs analysis is the ratio to debt to fine, income tax to fine, issued treasury to fine amongst other.

needless to say it ought to be a part of a psread to alla affected countries as then korea (srry gainer here)iceland, UK, greece, italy et al

Since: Oct 08

Mumbai, India

#759 Oct 29, 2013
Financial-market bubbles
That’s because if regulation doesn’t work, the FOMC must weigh two risks: Using monetary policy to slow a bubble and potentially harming growth or doing nothing and risking future damage to financial stability, Meyer said.
-bloomberg
Maybe that is not specific to US, but seems they need the least as opposed to Euro o japan, unless addiction seeps in, detox seems not easy, but.
well the other option is the proxy other countries take hopefully including china, India seems on that path to counter largely imported inflation
damn FII's hope their creep to the top of the food pyramid are curtailed

Since: Oct 08

Mumbai, India

#760 Nov 20, 2013
mmm-
U.K. Financial Conduct Authority is reviewing gold benchmarks.
they sure can find a lot if they look properly, but nothing will be found.
the prelude
UidiotRaceMAKEWO RLDPEACE

United States

#761 Nov 21, 2013
uttam hathi wrote:
<quoted text>
hope this is wrong else US govt looks other way when it suits them, thus the forced embargo on Iran is meaningless
IMHO US embargo will fail, as over 130 nation supports Iran Nuke program...
UidiotRaceMAKEWO RLDPEACE

United States

#762 Nov 21, 2013
uttam hathi wrote:
so nobel prize got religious, both god and devil on the same platform to prove religion
Obama & co don't deserve the Nobel Peace Prize, it mock on moral values that US not keeping up with Democratic principles... failing misserable! Religion and Politics should never mix!
UidiotRaceMAKEWO RLDPEACE

United States

#763 Nov 21, 2013
uttam hathi wrote:
Financial-market bubbles
That’s because if regulation doesn’t work, the FOMC must weigh two risks: Using monetary policy to slow a bubble and potentially harming growth or doing nothing and risking future damage to financial stability, Meyer said.
-bloomberg
Maybe that is not specific to US, but seems they need the least as opposed to Euro o japan, unless addiction seeps in, detox seems not easy, but.
well the other option is the proxy other countries take hopefully including china, India seems on that path to counter largely imported inflation
damn FII's hope their creep to the top of the food pyramid are curtailed
Whether it new regulation, or deregulation or re-regulation it don't work, always works in favor those who hold the Gold that makes the its rules , the corrupted in Power will always have ways around it and careless about those 99% of world masses.

Since: Oct 08

Mumbai, India

#765 Nov 28, 2013
just went thru The Trouble With Economics Is Economists- on krugmans blog, public acknowledgement of the issues of 2008 contagion is refreshing, yet there seems to have no acknowledgement of the vortex.
the asset bubble was created then with a awash of moneyflow.
the times that unfolded thereafter, the emergency measures in US are to be lauded moreso to save a severly haemorraging banking system. but they were temperoray measures to save the bank, ought to have been such. It had a rippling/crippling effect on US economy, world stood by to assuage their feeling. Using an homeopathic treatment for the economy albeit sounded good, but checks were required and pros and con on the economy and bubble ought to have been analysed, Japan model then untested elsewhere became a benchmark, the question is is the benchmark good or as in japan FI has become rent seeking entities with a minor trickle down to the economy, but a large factor to bubble formation. the bubble now has been exported out of US.
If thats the issue then its a full circle which needs addressing and fast, the solution sought presently may not be better than the problem it has created.
its different issue what needs to be done to rsolve the issue in hand till it becomes a problem, the ramification may be in untested format.

Since: Oct 08

Mumbai, India

#766 Dec 20, 2013
hope to see the excess liquidity removed from the system in due time as required passed on to productive economic use.
NOW we need to address TBTF, big has become bigger, risks are heightened

Since: Oct 08

Mumbai, India

#767 Jan 16, 2014
two headlines of bloomberg which ought to be understood:
1)Metals, Currency Rigging Worse Than Libor, Bafin’s Koenig Says
2)BOJ Silence on Exit Plan Stokes Concern as Prices Rise: Economy
on the first the traces ought to be taken to 2008, was the catastrophe purely subprime related or was this an larer concern which created a havoc in MTM thus the system.
on the second - et tu, thus how will the global money supply pan out with the printing pressess goingt out of business, do we see 1997 replay, trigger required would be small, has Japan got wiser, will it buck US game plan- ouch such timings, where will this lead to non G7 countries.
on the sidelines Indians have to thank their stars as election will give a spin to its parallel/cash economy again as inflationary cash would be deployed on election spending.
UidiotRaceMAKEWO RLDPEACE

Forest Hills, NY

#768 Jan 18, 2014
uttam hathi wrote:
just went thru The Trouble With Economics Is Economists- on krugmans blog, public acknowledgement of the issues of 2008 contagion is refreshing, yet there seems to have no acknowledgement of the vortex.
the asset bubble was created then with a awash of moneyflow.
the times that unfolded thereafter, the emergency measures in US are to be lauded moreso to save a severly haemorraging banking system. but they were temperoray measures to save the bank, ought to have been such. It had a rippling/crippling effect on US economy, world stood by to assuage their feeling. Using an homeopathic treatment for the economy albeit sounded good, but checks were required and pros and con on the economy and bubble ought to have been analysed, Japan model then untested elsewhere became a benchmark, the question is is the benchmark good or as in japan FI has become rent seeking entities with a minor trickle down to the economy, but a large factor to bubble formation. the bubble now has been exported out of US.
If thats the issue then its a full circle which needs addressing and fast, the solution sought presently may not be better than the problem it has created.
its different issue what needs to be done to rsolve the issue in hand till it becomes a problem, the ramification may be in untested format.
The Japanese's Austerity/economic/financial model had not worked for a decade or two, what make anyone think it a Defacto model or fix for clamity...?
UidiotRaceMAKEWO RLDPEACE

Forest Hills, NY

#769 Jan 18, 2014
uttam hathi wrote:
just went thru The Trouble With Economics Is Economists- on krugmans blog, public acknowledgement of the issues of 2008 contagion is refreshing, yet there seems to have no acknowledgement of the vortex.
the asset bubble was created then with a awash of moneyflow.
the times that unfolded thereafter, the emergency measures in US are to be lauded moreso to save a severly haemorraging banking system. but they were temperoray measures to save the bank, ought to have been such. It had a rippling/crippling effect on US economy, world stood by to assuage their feeling. Using an homeopathic treatment for the economy albeit sounded good, but checks were required and pros and con on the economy and bubble ought to have been analysed, Japan model then untested elsewhere became a benchmark, the question is is the benchmark good or as in japan FI has become rent seeking entities with a minor trickle down to the economy, but a large factor to bubble formation. the bubble now has been exported out of US.
If thats the issue then its a full circle which needs addressing and fast, the solution sought presently may not be better than the problem it has created.
its different issue what needs to be done to rsolve the issue in hand till it becomes a problem, the ramification may be in untested format.
Majority of economists are more like soothsayers... more like if you want to understand what World economy is doing get to know Power/Ruling elites that runs world economy/ Yes ? No? Maybe? i don't know?
I would not put my money on the majority of the economists out there !
Bhahahaahahaaa

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