Skybird
04-19-11, 05:50 AM
Unfortunately, this is just available in German. However, it is an insightful first part of a planned little series of essays about how disastrous global finances probably really already are, and what efforts are being made to hide this from the wiede prublig and buy some timew by making them invest even more into a system that already does cripple most of our pensions and savings for when we have become older.
http://www.heise.de/tp/druck/mb/artikel/34/34589/1.html
It really tells something that when US credits are set up for auction in a truly unmanipulated, unhidden way and economic reason of bidders, no misinformation, decides their actions - nobody buys them, like during the auction of 5 blillion credits in 2009, wehre not a single bid was posted. It also tells something that the nation being pointed finger at by this, as the only reaction can set up pressure to the government and the Swedish Riksbank to hide and to delete proof for this disasterous display of mistrust. Also, the Swedish since then have stopped to trade with American credits.
The author opened the essay by asking when a state becomes bancrupt. The answer is he is bancrupt if he cannot sell bonds and cannot lend fresh money anymore. So for Sweden, the USA officially are bancrupt since 2009, when the credit trade was stopped. This also meant a blow to the US beyond that, becasue Sweden's Riksbank is the major financial transactor for America in all of Scandinavia, and its decision to stop trading American credit has lead to a loss in "money-milking ambitions" of America on this market.
However, another glooming disaster, much bigger than what we already have seen, is the wide gap between the ability of the system to really pay out all future payment obligations and -promises (pensions for example), and the real fiscal demand that has been accumulated. The demand these future pensions has been shown already 2007 to be 37 times as high than all capital payment potency of all central banks in the world.
I would translate the essay maybe, but I am struggling with the translation of the economical terms which are not part of standard vocabulary. If you're interested, you can use a bot-tranbslator and see what it brings.
China has started to massively get rid of its hilarious ammounts of US debts it has bought. The BRISC nations are focussed on basing their economic action on their own currency, bypassing the dollar. OPEC since years says it wants to do the same. S&P has jiust warned the US that their future projection will see the trustworthiness of the US being reduced from stable to negative, it is not the first such warning within the past 12 months.
In Europe, first voices are to be heard that in a reaction to the Finnish vote want to man ipulate the EU rules once again like they already did before Lisbon, to bypass any Finnish opposition to further bailouts by needing to have just 80% majorities only, instead of uniform votes as are needed now.
You cannot trust the Euro, and the Dollar is just toy money. Both the EU and the US mount almost unsurpassable ammounts of miscredit and mistrust onto themselves. You cannot built your future pension/saviong systems on eithert the Euro or the dollar, and I predict for investors into American stocks, there will be a very very harsh awakening in some years. To say it are critical times, does not really match it. I think the world is at a turning point whith consequences and labour pains that most of us neither fully (want to?) forsee, nor can imagine.
If you want to invest into money, get rid of dollar and euro, and go for Swedish Kronen and Swiss Franken, at least for the short forseeable future. Also, do no engagge in longterm strategies that are based on any kind of paper-products (bonds, stocks, "Kaufobligationen" for precious metals), but go for real property: land, real gold, maybe also real silver. For the latter two, you alreadsy are a bit late.
Nations are struggling for their lives currently, and that is no exaggeration. They will lie and cheat to you in any way they can, and they do, to make you believe in the old familiar ways and lend them your money. If you do the latter, take a photo of your heap of coins first - you likely won't see them all together again.
http://www.heise.de/tp/druck/mb/artikel/34/34589/1.html
It really tells something that when US credits are set up for auction in a truly unmanipulated, unhidden way and economic reason of bidders, no misinformation, decides their actions - nobody buys them, like during the auction of 5 blillion credits in 2009, wehre not a single bid was posted. It also tells something that the nation being pointed finger at by this, as the only reaction can set up pressure to the government and the Swedish Riksbank to hide and to delete proof for this disasterous display of mistrust. Also, the Swedish since then have stopped to trade with American credits.
The author opened the essay by asking when a state becomes bancrupt. The answer is he is bancrupt if he cannot sell bonds and cannot lend fresh money anymore. So for Sweden, the USA officially are bancrupt since 2009, when the credit trade was stopped. This also meant a blow to the US beyond that, becasue Sweden's Riksbank is the major financial transactor for America in all of Scandinavia, and its decision to stop trading American credit has lead to a loss in "money-milking ambitions" of America on this market.
However, another glooming disaster, much bigger than what we already have seen, is the wide gap between the ability of the system to really pay out all future payment obligations and -promises (pensions for example), and the real fiscal demand that has been accumulated. The demand these future pensions has been shown already 2007 to be 37 times as high than all capital payment potency of all central banks in the world.
I would translate the essay maybe, but I am struggling with the translation of the economical terms which are not part of standard vocabulary. If you're interested, you can use a bot-tranbslator and see what it brings.
China has started to massively get rid of its hilarious ammounts of US debts it has bought. The BRISC nations are focussed on basing their economic action on their own currency, bypassing the dollar. OPEC since years says it wants to do the same. S&P has jiust warned the US that their future projection will see the trustworthiness of the US being reduced from stable to negative, it is not the first such warning within the past 12 months.
In Europe, first voices are to be heard that in a reaction to the Finnish vote want to man ipulate the EU rules once again like they already did before Lisbon, to bypass any Finnish opposition to further bailouts by needing to have just 80% majorities only, instead of uniform votes as are needed now.
You cannot trust the Euro, and the Dollar is just toy money. Both the EU and the US mount almost unsurpassable ammounts of miscredit and mistrust onto themselves. You cannot built your future pension/saviong systems on eithert the Euro or the dollar, and I predict for investors into American stocks, there will be a very very harsh awakening in some years. To say it are critical times, does not really match it. I think the world is at a turning point whith consequences and labour pains that most of us neither fully (want to?) forsee, nor can imagine.
If you want to invest into money, get rid of dollar and euro, and go for Swedish Kronen and Swiss Franken, at least for the short forseeable future. Also, do no engagge in longterm strategies that are based on any kind of paper-products (bonds, stocks, "Kaufobligationen" for precious metals), but go for real property: land, real gold, maybe also real silver. For the latter two, you alreadsy are a bit late.
Nations are struggling for their lives currently, and that is no exaggeration. They will lie and cheat to you in any way they can, and they do, to make you believe in the old familiar ways and lend them your money. If you do the latter, take a photo of your heap of coins first - you likely won't see them all together again.