Central banks get their charters (license to print) from governments.
This is a pact between devils, the banks and the government, who both get what they want – They both get a sugar daddy.
The banks pay by having to submit to governmental regulation.
The government pays with the promise of tax-payer money if things get way out of control.
Audio –
19:15 min.
Discussing what wealth is, requires an understanding how the wealth of nations today is not only distributed but also managed. We can agree that the “wealth management” in the Euro area has been pretty lousy recently. Seems that our leaders are not even able to manage our debt…
Other nations are much more successful in handling their own interests in a financial sense. Actively using the surplus from exports (commodities and non-commodities) is an art that a variety of traditional surplus countries manage quite well.
The United Arab Emirates, Singapore, China or Norway are only examples of an array of nations that manage their own surpluses in order to have a war chest for uncertain times ahead. While these funds are officially named sovereign wealth funds, Russia has found a self explanatory name as “National Welfare Fund”. That is what investor’s activities are all about – welfare. Everybody wants to be better off in the future.
It is exactly these sovereign wealth funds that the European sovereign debt fund EFSF now approaches in order to find investors willing to put money into this empty and quite grim looking piggy bank.
One can already hear Klaus Regling, the German head of the EFSF, praising the great deals they can have here: “You put four dollars in and we will put an extra one dollar on top. Your risk is only 80 percent, we will guarantee 20 percent.” What a deal until the EFSF is renegiotiated like everything else!? See who he can find to throw good money after bad with a 20 percent insurance.
What should not be underestimated though is the power these close to government sovereign funds. When a state-owned fund invests into a venture it, of course, will be done in strategic as well as national interest.
Abu Dhabi investing in Citi Group, Dubai in EADS or China intending to put money into the EFSF is always connected to straight forward requirements, prerequisites and intentions. Thus, with the EFSF begging at foreign nations doorsteps for money of course raises interests in Beijing, Abu Dhabi or elsewhere in order to influence European politics and actions accordingly.
It is in this regard interesting to see how the power balance starts to shift. Today we see that unsustainable financial and economic policies have lead to a situation where Europe has to handle foreign interests in a new and unintended way. One could say that the decline gets visible this way but maybe it is also a chance…
I have chosen to put this video first, as an example of the sort of stuff `old` people will come up with.
(I recognize the wording in this document. I think it was in something by the Bank for International Settlements).
The Treaty pdf
Anyway, this is, I think, how the old will go as their world falls apart…..and they desperately try and hold (what cannot be held) together.
Restriction and Oppression.
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Nick says, “Let the young chose the future they want” -
This presentation should help someone with the basics of making a blog post on OTP.
The URL for the dashboard (back office) -
http://overthepeak.com/wordpress/wp-admin/index.php
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Just experiment, but, if in doubt, message me~!
This presentation will show you how to sign up to OTP, log in, change display name, and get changed to being an `author`.
The URL below is for `the dashboard` (what I call the back office).
If you are logged in as a `member` it will appear as image 9. in the presentation.
But if you are an `author` it will appear as image 14.
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http://overthepeak.com/wordpress/wp-admin/index.php
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I seems to me like the Western World is struggling to come to terms with the fact that things are not getting `better and better`.
It is not surprising. Since the WWII things did get better and better…..
….until it all seemed to stop at the start of this century.
(Perhaps it even started stopping in the 70′s, and only borrowing money covered up the fact~?)
Either way, there are no signs of getting `better and better` in sight from here.
The young are starting to see that the old have no solutions for them (only solutions for saving themselves).
They are going to have to take over and make a system that they can live with.
Audio -
24:34 min.
Podcast: Play in new window | Download
