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POPSBailout Creating a Financial Black Hole (cont.)The latest propaganda from the government and the Illuminist think tanks tells us that, treasuries are more secure than gold because they are backed by the US government and gold has a counter party risk by whoever is storing your gold as the counter party. I’ve never heard any stupider comments. The Fed has informed Bank of America to be ready for a one-week universal shutdown of the banking system, including access to checking accounts, savings accounts and credit cards. This is why you need $5,000 in small bills in your safe at home and small denomination gold and silver coins.
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POPSPetit oubli de plus de 400 millions de très très pauvres La Banque mondiale s'est aperçue qu'elle sous-estimait le nombre de personnes vivant avec moins de 1,25 USD par jour. Elle en aurait «oublié» plus de 400 millions. Un détail. Le problème, comme le souligne le professeur Thomas Pogge de l'Université Columbia, c'est que les chercheurs des universités et des organisations internationales doivent se fier aux chiffres de la Banque mondiale pour leurs recherches sur la pauvreté dans le monde. Pogge et son collègue Reddy proposent d'utiliser un ensemble de critères plus fiables que celui du revenu moyen pour déterminer le nombre de personnes vivant dans la pauvreté extrême. Ces critères seraient liés à la possession de ressources suffisantes pour rencontrer les besoins fondamentaux. Leur approche demeure théorique, en dépit du fait qu'elle est tout à fait opérationnelle. Qu'attend la Banque mondiale pour changer de méthode?
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POPSHuman Opportunity Index The study also finds that between one fourth (Colombia) and one half (Guatemala) of income inequality among Latin American adults is due to circumstances outside of their control...
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POPS"World needs a vacation from US" He called for immediate technology transfer from the West to the Third World, to allow development based on clean technology — stressing the need to “reject intellectual property rights”. funds should not be distributed through the World Bank, which was trying to regain legitimacy by portraying itself as a “climate bank” while continuing to push fossil-fuel-driven development. Confronting global poverty and climate change means confronting US power. “I don’t think the world needs US leadership”, he said. “They should be more humble.” Whether the US achieves its goals “is where we, as civil society come in”, Bello said, suggesting that, by making intervention costly for the US, civil society could encourage a “new US isolationism”. The struggle is, he stressed, global. “The world needs a vacation from the messaianism of the US … A few decades of a self-absorbed US would be very good for the world.”
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POPS"Evita" Palin, Muse of the coming police state
CONTINUED... "Am I trying to scare you? I am. I am trying to scare you to death and ask you to scare your Republican and independent friends most of all. How do you know when it is war on citizens? When there are mass arrests, journalists are jailed, the opposition is infiltrated, rights are stripped and leaders start to ignore the rule of law. Almost everyone I work with on projects related to this campaign for liberty has been experiencing computer harassment: emails are stripped, messages disappear. That's not all: people's bank accounts are being tampered with: wire transfers to banks vanish in midair. I personally keep opening bank accounts that are quickly corrupted by fraud. Money vanishes. Coworkers of mine have to keep opening new email accounts as old ones become infected. And most disturbingly to me personally is the mail tampering I have both heard of and experienced firsthand. My tax returns vanished from my mailbox. All my larger envelopes arrive ripped straight ope
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POPSBlood, Gore and Lehman Bros 'Global Warming' Forecast Impressive stuff, except, as has been pointed out, Lehman should have been more concerned with existing markets rather than phantom ones. Australia's climate change sceptics communicate through an online group called Climatescience and contribute to the climate-sceptic website www.icecap.us. "A year ago they couldn't predict their bankruptcy, but were predicting the climate 100 years ahead," crowed one climate change sceptic. "Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. Lehman Bros said it! Sacred words!"
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POPS'Fish in the forest' "Would you take a fish and put him in the forest?" It sounds ridiculous. Who would do that? But as we grow ever more convinced of the changes that are taking place in PNG's coastal communities, our question is going to have to be, "how will we take a fish and help him thrive in the forest?"
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POPSEthically Bankrupt Virtually all the mistakes have been caused by errors in regulation — not by "corporate greed," as liberal Democrats would have it. Corporations follow the signals and guidelines set by Washington. When those are faulty, bad things happen and taxpayers pay. Remember this, too, when Congress cranks up hearings and vilifies one CEO after another for "looting" their companies. It was Congress that created the subprime crisis. Any promises that it makes to solve it should be viewed with serious skepticism. Dirksen would have been impressed. By our count, that's about $2 trillion, or 14%, of a $14 trillion economy. How did it happen? One case after another has been made for intervention in the private economy, based on the principle that some private-sector financial institutions, such as Bear Stearns and AIG, are "too big to fail." If they did fail, it would lead to a financial market catastrophe — or what the Fed on Wednesday referred to as "disorderly failure."
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POPSCategory 4 Financial Storm From JP Morgan's congressional testimony a few years after a major bank panic in 1907. An exchange between Morgan and his inquisitor for the government, attorney Samuel Untermyer. Untermyer: "Is not commercial credit based primarily upon money or property?" Morgan: "No sir. The first thing is character." Untermyer: "Before money or property?" Morgan: "Before money or property or anything else. Money cannot buy it...because a man I do not trust could not get money from me on all the bonds in Christendom."
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