Illegal things happen….

….and sometimes, the people who don’t want them not to happen, have to be `moved aside`…..so that, when they do happen, there is less `fuss`.
12:08 min.

0
0



Tagged , , . Bookmark the permalink.
  • http://www.facebook.com/people/Hans-Verbeek/100001373372896 Hans Verbeek

    And suddenly over the weekend 2 trillion euros have materialised in the vault of the ECB.
    Jean-Luc Picard of the USS Enterprise must have send it via the ships transporter beams.

    Can you even begin to imagine what would have happened if we had 2 trillion euros in May of this year?
    Well, neither can I.
    We didn’t need 2 trillion in May, so they weren’t there.
    There is always just enough cash to keep us afloat.
    And everytime we get in trouble, just in the nick of time (no pun intended), we seem to find some more.

    Maybe we can start a poll: how big will the next Eurozone Rescue Piggy Bank be?
    10 trillion?

    • CSArichardo

      I think it will be an ECB Reserve Account created via the allocation of say 3000 billion Euros to all member states based upon the ESFS quota formula.  Model the business rules like the IMF with their SDR quota, allocations and borrowing rules.  Add a 75% rule on passing all motions which gives the Germans an effective veto.  Wait for it. 

    • Bigcollapso

      Once there is a Trillion Euro for each atom of the universe to spend all will be well.

  • http://www.outoftheboxinsight.org Outoftheboxinsight

    …the rule of law has got to be changed to save the world. A bit more understanding of the cosmic law will brighten the place up:).

    • http://overthepeak.com/wordpress/ Mystic

      Hello T,
      I believe that the EU Commission has amended Cosmic Law, making it now superseded by the Lisbon Treaty.
      They were going to put aspects of it in the `new constitution` but did not think the Irish would vote for it……So it is now in `review committee` stage, where it is being held hostage by the French farming lobby. 

  • Willbick

    how come u dont do the audio only option anymore? i dont object to yr funny hats but its easier on my ancient computer.

    • Guest

      I think Mystic is having some difficulty with audio uploads at the moment.

  • Guest

    Regarding state size: I’ve long thought the best solution to many of the problems is to limit the size of companies / businesses and to place restrictions on company ownership – whilst at the same time deregulating as much of business as possible to promote competitIon. The idea being that companies cannot get too big to fail, must grow through innovation rather than acquisition and that their influence over government is limited.

    • http://overthepeak.com/wordpress/ Mystic

      http://fora.tv/2011/07/25/Why_Cities_Grow_Corporations_Die_and_Life_Gets_Faster

      The problem with limiting the size of companies (at least one of them) is – that government would have to be that much bigger to enforce the limits, no~?

      I think you will like the video (it is 2 hours long)

      • Guest

        Oh – I imagine there’s all kinds of problems implementing such a radical solution – not least of which is how to break up the big companies and getting all the governments of the world to back the plan. I tend to think about the end solution rather than the obstacles to getting there. I don’t know why governments would have to be bigger though? I’ll watch that video tonight – on my shiny new iPad hopefully :-D

        • http://overthepeak.com/wordpress/ Mystic

          I think it will happen `naturally` anyway.

          (not so much `bigger` government, as `more pervasive` maybe…..which will not happen.  Government will become smaller and less pervasive `naturally` as well). 

          • Guest

            The Fora video was interesting – I’ll have to watch it again to take it all in though. I’m not sure if I’m onboard with the idea that nature follows rules and that these rules can be modelled and predicted – I tend to side with what Adam Curtis was saying in Machines of Loving Grace.

  • Anonymous

    There’s a high probability that “states” like the United States and the European Union will break up into smaller states. I’d say it’s because of the overabundance of capital and the shortage of natural resources . People can move around, capital can move around, natural resources aren’t so cheap to move around unless they’re processed. Those are the three factors of production. It seems like social systems are just economic adaptations to whichever is worth most. Slavery when human resources are the most valuable factor of production, capitalism for capital and feudalism for natural resources and land.

    • http://overthepeak.com/wordpress/ Mystic

      I agree in the probability of various `break ups`………but as to why it will happen…..I will leave that to historians, after it happens.
      (but, for sure, I don’t think there is anything anyone can do to stop it….it just will be)

  • Bigcollapso

    By my estimation Globalization has been in reverse for about 3 years. With no wealth available to reverse the decline and the politics not aligned for a  gracefully shutdown, they have done the only thing that they know how. Destroy the monetary system. Each day more people are realizing that destroying the monetary system is not the answer. It’s time for the Gold standard  and soon.

    • http://overthepeak.com/wordpress/ Mystic

      No…No…Collapso~!!
      Globalization has not been in reverse for about 3 years~!  It has been in reverse for 4 years and 5 months.

      Please apply some rigor to your comments~!

      • Bigcollapso

        Are you joking, or are you looking at one of the peak net energy curves?

        • http://overthepeak.com/wordpress/ Mystic

          Joking.

          • Bigcollapso

            We live in a world where it is getting harder and harder to tell. And it’s not you.

            • http://overthepeak.com/wordpress/ Mystic

              Your right.  I was referring to the first signs of economic distress in early 2007 when the  two Bear Stearn’s hedge funds (that were stuffed with MBS’s) blew up.

  • CSArichardo

    The big eat the little.  That rule never changes….well maybe the smarter eat the less informed !

  • Anonymous

    Woke up Friday morning thinking about the EFSF 20% backing of losses.  So essence, they are saying “spend E10tril, cuz we’re going to cover 20% of your losses”?  Now as this money most likely doesn’t exist, okay may all but 1mil of it doesn’t exist, it has to be created.  On top of that, the fed pumped in 14tril that we know about, so let’s say 20tril, of which $19til didn’t exist, giving us approx 30trillion in (I hate to even call it money) liquidity, wouldn’t it have been a whole lot easier to just cancel all the debts for everyone, and do a do over?   Of course the aftershock and the stupidity of people to start the process all over is something to consider. It just seems to me that the dog is constantly chasing it’s tail.