Bloke

  By Mystic | July 4, 2012 - 12:48 |

Audio -

12:43 min.

Written by: Mystic on July 4, 2012.
Tagged . Bookmark the permalink.
  • Stevo

    Don’t get the “inexorable path to money printing” bit.  The wealthy power brokers in the world have been saved and don’t need any more money to be printed.  With their banks accounts stuffed full of cash they are quite happy to see the money supply continue to tighten.  They realise that a tight money supply keeps the common man down the social ladder where should be. 

  • Mystic

    Hopefully some of you dumb ass lurking cock suckers will understand this

  • windman3

    Very quiet around here today after yesterday’s flurry.

    The Dames have landed on the floor zero.

    http://www.bloomberg.com/news/2012-07-05/danish-battle-to-weaken-krone-risks-undermining-bank-recovery.html 

    Some bloke Nielson;

    ““It’s hard to imagine a situation where the deposit rate for households would be zero,” or one in which “you have to pay to have your money in the bank,” he said.”

    Can’t see that it’s hard to imagine. It is what Western savers having been putting up with for half a decade, and the Japanese for two decades.

    In a few minutes we’ll find out of the ECB cuts interest rates and the BoE drops another chunk of change into the market. All in the name of “Stimulus”.

    This “Stimulus” does not seem to have stimulated anything so far, so I reckon its about time they try another tack. And if you want the savers to start spending, then you need to give them some interest on their money. And there are a lot of savers around, all hunkering further down in the face of zero interest.

    Really, will another 0.25% off interest rates really stimulate us into walking on a field of green shoots?

    Devaluation.
    http://www.bloomberg.com/news/2012-07-04/devaluing-the-pound-isn-t-a-solution-it-s-default.html 

    “Devaluing the Pound Isn’t a Solution, It’s Default”

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

       Yes, spooky quiet. 
      I have a theory there/here …… I thought this presentation was particularly good.  (like I thought the Euro talk a while back was good)………. then I get myself all up for comments …… and nothing.
      The better (I think) a video is, the fewer the comments~!

      Note:  I think the ECB has dropped to zero the interest they pay on reserves.  (that is something for you to think on).

      Change for last sentence to ….. ‘Devaluing the Pound wasn’t a solution, it was default`.

      • windslice

        I think they are expecting another devaluation.

        Yes, the bastards certainly did the default on me.
        I now have less than GBP 1,300 as I simply do not trust them to take care of the currency and a big THUMBS UP to the Aussies, who have done a much better job (for the moment….) of preserving my fiat and giving me a bit of interest. Great service from the banks too. 

        The Euro-lot and UK-lot have reached the limit of monetary policy. It has got them nowhere in kick-starting the economy. To be honest, I can’t even imagine what could get the Greeks and the Spanish to start making headway.

        Maybe le monsieur Hollande und die Merkel will manage to pull a plum out of the pie? It’s all gone very quiet over there, are you all on ‘olliday?

  • windslice

    I think I have got to the bottom of my split personality.

    1. Under Disqus I had multiple logins associated with the same email address and also

    2. Under WordPress I have another login.

    Glad I know who I am now.

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

       Who are you~?

      • windslice

        I’m a bloke!

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

          Ah~! ………. good.

      • Nascentmind

        Agent Provocateur.

    • http://www.alda-architects.co.uk/ Alan

       Same problem, I’ve even had conversations with myself. It is like having a big brother, when things get tough in steps another persona.

  • windslice

    Looks like I have my own playground for a while.

    Great to see the Powers of Law Enforcement working to protect the UK.

    http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/9377941/Fake-cigarette-triggers-major-M6-anti-terror-incident.html 

    In my day it would have been;

    “Hey, whose bag is this, there is some smoke coming out”.

    Now a phone call ignites a huge response from the Army, armed police et al.

    When was the last terrorist attack in the UK?

    http://en.wikipedia.org/wiki/List_of_terrorist_incidents_in_Great_Britain#2000-present 

    They’ve all been watching too many “Spooks” episodes. Or, just maybe, the MI blokes have all been thwarting attacks left, right and centre. That must be it.

    Well done guys!

    I feel so much safer now people can’t carry 1 millilitre of fluid on a plane, my Swiss army penknife is banned on UK public transport (must be the stones out of horses shoes bit that worries them) and the safety pin holding up my loose boxer shorts has to be confiscated after setting off the metal detector and showing up on the full body scanner.

    Somebody is making a damn fortune out this.

    And it costing 99.9999999999999999999999999999999999999999999% of the world’s population.

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

       The sad merry-go-round thing is, as I heard on Radio 4 only yesterday – `There have been no terrorist attacks because of measures that we have taken’.

    • Nascentmind

      I quiet like the spooks~ they are doing just fine. 

  • Milival

     

    Imagine how many people could have a job with all that money….

    For the easy math let’s see ermm 50.000 pounds a year, 1 MILLION
    PEOPLE!!

    but no… they rather throw it in the bottomless pits of banking….wankers!

    There are 17 million unemployed in Europe….WITH 850 BILLION EVERYBODY
    WOULD HAVE JOBS!!!

    But no… 3 to 4 TRILLION QE to the
    bottomless pits of banking….nice one, but must safe those nice elite people,
    I mean where would we be without them ~?….sorry couldn’t help do that thingy with
    the question mark.

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

       That `thingy ~ with the question mark ~ looks damned good~!

      I think I get what you are ranting, but, QE money is not really any sort of `free money` (or anything like it).
      It is just the central bank buying some stuff off banks and other people.

      One day the central bank may buy some stuff off you~!

      • http://www.alda-architects.co.uk/ Alan

         I’ve an old Morris in the shed, drives like new, just the job for nipping up to the Mansion House.

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

           That may come in to play one day.

  • Milival

     

    “History does not repeat itself but it does rhyme.”
    -Mark Twain

    hey modern mystic?