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Man calls todays stock market crash to the date, on a message board? must read.

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Anonymous Coward
User ID: 385176
9/20/2008 12:20 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

After 1400, in the years which led to the Golden Renaissance, political forces turned against the methods of the Italian free enterprise bankers. In 1401, King Martin I of Aragon (Spain) expelled them. In 1403, Henry IV of England prohibited them from taking profits in any way in his kingdom. In 1409, Flanders imprisoned and then expelled Genoese bankers. In 1410, all Italian merchants were expelled from Paris. When Louis XI became King of France in 1461, he organized national forces to make it the first strong and sovereign nation state. Along with the development of ports, roads, and support for the cities, Louis XI insisted on a single, standard national currency, created and controlled by the crown. For both Louis XI and England's Henry VII in the same period:

“mercantilist forms of economic nationalism were combined with a pronounced hostility to Italian techniques of credit and clearing.”



lather, rinse, repeat
Anonymous Coward
User ID: 385176
9/20/2008 12:28 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Trying to play both forums here..


"What about china and how do they now fit in ?"


China is the largest holder of Fannie and Freddie bonds, so they'll do what the FRB tells them to do , I guess... Or not.

Japan is quite Romanized and it was so, before WW2. The Jesuits main city of power was Nagasaki which is why the Zionists behind the US Atom Bomb dropped it on that city, to make a point about the Vatican-supported liquidation/inquisition of WW2. It's King (Pharonic Ptolemiac Zionist bloodlines) versus Priest (Vatican, killers of Kings) just like it's been all down through history ever since Akhenaten closed down the temples and pissed off the priests. Akhenaten's grandfather, Thutmosis IV built the stelae which the Pope has in his front yard.

We may have found the missing link.

Bump for a pin.
 Quoting: Anonymous Coward 340322


Would you please elaborate on this, in a simple minded sort of way?
Anonymous Coward
User ID: 385176
9/20/2008 12:29 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Is Ron Paul a member of Lagatus?

Just askin'
 Quoting: Anonymous Coward 340322



Are you posting from a mental ward?

Seems like it.
Anonymous Coward
User ID: 385176
9/20/2008 12:52 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

..

The year is 1607.

Globalization is on the rise.

How would a wise colonist have invested their income.. and what foreign markets would they have invested in?

First.. attention should be given to how a “global crossing” is planned.. and paid for.

In modern times.. the planning committees for outsourcing projects are referred to as “closed-door energy task forces”.

Now that we know now what would have been nice to know then.. a colonist may have well been advised to turn to history in order to make wise investment decisions.

In 1607.. even 150 years since its invention, the European powers that be.. and Gutenberg’s movable type printing press.. are still having difficulty co-existing.

Throughout the 16th Century.. most printed books still fail to avoid the church’s “forbidden books list”.

But.. one book slipped through the cracks.

A colonist’s history book.

A colonist’s history book of.. global trade, high finance, and disruptive technologies.


“NO COLONIST LEFT BEHIND”

chapter 1

What Was Outsourced First?

..

In the beginning, it was.. canal projects.

A little later.. it was iron.

Then.. technology was ”spread” [outsourced] all over God’s flat-earth.

..

The history of outsourcing.. can be summed up as follows:

* canals (people worked a lot cheaper on the other end of the canal)
* dynasty
* wheel
* wheel technology transfer
* empire
* iron
* iron technology transfer (please.. there had to be at least one rugged individual Philistine with a single-minded pursuit of profit) then..
* wage stabilization.. then..
* religion
* religion
* religion
* religion and..
* more canals

Now.. how was the new world upgraded to be able to support The Virginia Company of London’s lofty outsourcing goals?

Here’s how.

Around the year 1521.. the conquistador Hernan Cortiz conquered the Aztec empire of Mexico and “became a man of unimaginable wealth and power”.

About ten years earlier.. King Ferdinan of Spain had sent Cortiz to the Western Hemisphere with the command ”Get Gold!”

Cortiz mistakenly thought the King said “Keep Gold!”

A wise colonial market-investor might ponder whether Ferdinan who.. after all.. was the King.. could “imagine” Cortiz’s unimaginable wealth and power?

King Ferdinan should have clarified his command with “Get Gold,” then..

“Bring Gold Back!”

.. because, in the 1550s, Spain.. has some bills to pay.

In hindsight, some question whether King Ferdinan should have sent another explorer to go “take care”.. of Cortiz.

In 1555 Arthur Anderson’s Spanish subsidiary changed its name to Accenture.

And.. two years later Spain filed for bankruptcy..

..so did France.

Now.. unlike Cortiz.. Spain is NOT a country of “unimaginable wealth and power.”

If it was - then maybe Spain could afford its canal projects without having to start wars.

Cortiz could have stepped in as the lender of last resort.

In reality.. Cortiz was probably the “one-greedy guy”.. the

“single-guy conspirator”

There is one thing that will never change about upgrading the next foreign nation to be able to support the world’s outsourcing requirements.

It all got accomplished by the actions.. of one.. greedy.. guy.

Hey.. times are hard – blame Cortiz.

A Colonial investor tip:

Bankruptcy is often blamed on a phenomena referred to as “too many loans” during industrial revolutions.. and global crossings.

Bankers never seem to learn from these financial “blunders” often repeated throughout history.

So.. shortly after Spain’s bankruptcy, the board members of the Bank Of Genoa changed their names to Huguenots to make themselves sound.. less French.

Then, the newly minted Huguenots hightailed it to sunny Florida.

This is eventually referred to as “fleeing investor persecution”

In early 1558.. following a five-year faith-based initiative.. England changed its form of currency (”re-coinage”).

In the fall of 1558.. England told England’s outside investors that it changed.. its form of currency.

Although England’s ”re-coinage” made it harder to buy food during the famine that followed.. the citizens appreciated the church’s “restoration of Catholicism” just the same.

England’s financial event kicked off a war in France.. known as the “Wars of Re-Coinage & Bankruptcy” that lasts about 30-odd years.

Presently.. England, France.. and Spain are quietly referred to as the.. “lands of.. somewhat limited opportunity.”

Bankruptcy, currency changes, famine, inquisitions, and war in one part of the world are what makes other parts of the world seem like.. lands of opportunity.

In 1563 the term “puritan” was first introduced in England.

In 1564.. the term “f____g puritans” was introduced in England.

Periods of heavy outsourcing and faith-based initiatives have been traveling partners for a very long time.

In 1565 Sir Thomas Gresham founded the Royal Exchange of London.

Note: Exchange fraud creates debtors - debtors create colonists.

Not too far off in the future - exchange fraud will create - pilgrims (but thats another market crash).

Tip: Dutch Settlement Scheme 101: If you wish your citizens to leave.. take their money.. (and their food) and.. they will consider.. leaving.

Between 1565 and 1567 the bankrupt French and the bankrupt Spanish commence with war.. and a little trade.. in Florida.

Colonist investment tip: This would have been a good time to consider avoiding the healthcare sector as tobacco is about to be prescribed.. as a cancer cure.

At the time.. money should have been invested in sweet potatoes and tobacco.. and maybe war commodities.. and if you have been paying attention you will begin to observe a pattern here:

* next big thing
* move it somewhere else
* observe how it is paid for and..
* commence with war (to galvanize the outside investors)

In 1574..

.. the idea of digging a canal through the Suez isthmus was put to the Council of Ten by the republic of Venice.

The project was abandoned as “being too expensive” (without a couple more.. “Wars of Canal constructio.. errr.. I mean “Wars of Religion”). So..

.. in 1575 Spain.. files for bankruptcy – again.

And wouldn’t you know it.. along comes the fifth, sixth, and seventh wars of religion.

back to goings-on in the New World..

Spain and France have got their eye on a fairly sizable canal project in the vicinity of what is later called Panama.

England has got its eye on a fairly sizable harbor project in the vicinity of what is later called.. Jamestown, which is about to become the newest district office of the Virginia Monopoly Of London.

Back then.. monopoly grants were called.. “Royal Charters.”

In a little while (1696).. Issac Newton and John Locke will be letting you know their definition of.. a “Royal Exchange”

Regarding the Virginia Company of London:

For those of you who are rowing.. on the slave side of the boat on these “perilous journeys”.. if you really wish to receive slave reparations.. start with the legal department of the..

.. Virginia Company of London

.. or try Portugal

after all..

they started it.

Well back to history and investing.. Spain has big dreams.

And, if you can dream it.. you can do it.

But, because of Cortiz.. Spain has a small budget.

And.. Europe.. has no budget.

Spain came to the sad realization that Spain cannot afford.. anything.. so Spain.. replaces all 30 members of its General Accounting Office.

Now I hate to sound like a broken record here but - guess what happens in the year 1607?

You guessed it..

Spain files for bankruptcy.. again.

If you have been paying attention.. you are not only a colonist, but you are also.. a financial history expert..

at least up until 1607.

Oh, and there was that little coin-clipping thing back in 1278.

In 1559 Paul the IV.. came out with his recent entries to his forbidden books programme.

Such titles included:

* “The History Of The World Up To 1559..With The Money Part Put Back In”
* “Globalization Revisited; The New.. New.. Reality”
* “Competing With Slave Wages For Dummies”
* “A Complete Guide To Offshore Tax Havens”
* “Rome Didn’t Fall; Rome was Outsourced”
* “Jobs Europeans Haven’t Wanted to do.. Throughout History” (digging canals in the “new worlds” all over the world.. was one of those menial jobs European workers.. didn’t want.)

One other thing..

Approximately 801 years before 1607 (around the time of Leif’s journeys) the construction of the Amsterdam harbor was under way.

Investor tip: The reason there have been so many wars throughout history is because there have been a hell of a lot of canals and roads to be built.

A few decades prior to 1605 canal lock technology “fled religious persecution” (emigrated) from China.. to Holland.

Then.. the Dutch began to build their canals with “single-locks.”

This single-lock invention lifted trade to new heights and it was soon invented.. over and over again.. in developing nations.. all over the God’s flat-earth.

Actually, the Crusades were organized to officially “bridge” the world’s “canal-lock divide.”

Take note: As a colonist, you may not be aware, but the word “colonize” is a.. biblical metaphor for..

“dig another harbor”

Waterway modernization is pretty important if one is interested in global trade but supposedly.. Amsterdam Harbor was only needed just in case any Viking [cargo] ships were accidentally “blown off course.”


Outsourcing do’s and don’ts:

The place you plan to outsource your homeland jobs too, will require an infrastructure.. equal to.. or better than your own.

This will include aqueducts and roads.. and they cost.. mucho coinage.. and.. it tends to irritate the homeland labor force.



Colonist tip:

Watch out when you hear the words:

“Largest Single Foreign Investment”

These words are usually preceded with the words:

“Closed Door Task Force”

And these words are usually followed with the words:

“Greatest Accounting Fraud Ever”

.. which is always followed with the words:



“Because Its War!”



You colonists have got a lot of war coming - so if you aren’t into war that much - you might want to pay attention to the reason war is.. waged.


In the next chapter..

The informed colonial investor will learn about “New World travel promotions” and find the answer to the questions:

1. Why didn’t Shakespeare flee religious persecution?

2. Powhatan and Pocahontas: ..why would any father name his daughter..

“the frisky one”



[link to www.enterprisecorruption.com]
 Quoting: Anonymous Coward 340322



WOW
Anonymous Coward
User ID: 504068
9/20/2008 12:57 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

So this guy called todays stock market crash to the date, on a message board?
Anonymous Coward
User ID: 506897
9/20/2008 1:11 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

maybe i missed the part where the stock market actually crashed
Anonymous Coward
User ID: 504068
9/20/2008 1:13 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

maybe i missed the part where the stock market actually crashed
 Quoting: Anonymous Coward 506897


yeah right lmao
Anonymous Coward
User ID: 385176
9/20/2008 1:24 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

So this guy called todays stock market crash to the date, on a message board?
 Quoting: Anonymous Coward 504068



Read the freaking thread, already. The mention of Septeber 15, in the OP, is a PRECURSOR of things to come. Pay attention.

And, btw, if you can look at the events of the past couple of days and not think we are in a FATAL crash, I sugest you call Ron Paul and have him explain it to you.
Anonymous Coward
User ID: 318326
9/20/2008 2:57 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Idol1
Anonymous Coward
User ID: 440235
9/20/2008 3:01 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Has anyone tried to contact Reinhardt?

It seems like he has been very talkative on other boards. Does he know about GLP? I would think he would be willing to come here and talk about what he knows. Especially considering he is now banned from Google boards.
Anonymous Coward
User ID: 385176
9/20/2008 3:03 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

There is no contact link on his site
Anonymous Coward
User ID: 336181
9/20/2008 3:19 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

stocks were up nearly 400 points today

what crash? the 400 point drop the other day? well it gained that and more back

the dow is still sitting above 11,000 points

when nothing happens in october we'll all look for the next asteroid, volcano, etc, doomsday prediction smh
Anonymous Coward
User ID: 506675
9/20/2008 5:02 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

stocks were up nearly 400 points today

what crash? the 400 point drop the other day? well it gained that and more back

the dow is still sitting above 11,000 points

when nothing happens in october we'll all look for the next asteroid, volcano, etc, doomsday prediction smh
 Quoting: Anonymous Coward 336181


Learn grasshopper....

Anonymous Coward
User ID: 385176
9/20/2008 5:06 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

stocks were up nearly 400 points today

what crash? the 400 point drop the other day? well it gained that and more back

the dow is still sitting above 11,000 points

when nothing happens in october we'll all look for the next asteroid, volcano, etc, doomsday prediction smh
 Quoting: Anonymous Coward 336181


Ya know what? You should go ALL IN, ASAP! I recommend WaMu. Hurry and do it Monday.
Anonymous Coward
User ID: 340322
9/20/2008 12:23 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Trying to play both forums here..


"What about china and how do they now fit in ?"


China is the largest holder of Fannie and Freddie bonds, so they'll do what the FRB tells them to do , I guess... Or not.

Japan is quite Romanized and it was so, before WW2. The Jesuits main city of power was Nagasaki which is why the Zionists behind the US Atom Bomb dropped it on that city, to make a point about the Vatican-supported liquidation/inquisition of WW2. It's King (Pharonic Ptolemiac Zionist bloodlines) versus Priest (Vatican, killers of Kings) just like it's been all down through history ever since Akhenaten closed down the temples and pissed off the priests. Akhenaten's grandfather, Thutmosis IV built the stelae which the Pope has in his front yard.

We may have found the missing link.

Bump for a pin.


Would you please elaborate on this, in a simple minded sort of way?
 Quoting: Anonymous Coward 385176

everything goes thru the Vatican....everything!
Anonymous Coward
User ID: 507144
9/20/2008 12:31 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

There wasn't a crash.

He predicted squat.
Starless (redux) Subscriber
grand poobah
User ID: 35823
9/20/2008 7:18 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

There wasn't a crash.

He predicted squat.
 Quoting: Anonymous Coward 507144


You obviously haven't read the material
Anonymous Coward
User ID: 441575
9/20/2008 7:21 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Jesuits and A. Bertie (SMOM)
Anonymous Coward
User ID: 494903
9/20/2008 7:52 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

bump

STORY OF THE DECADE!
Anonymous Coward
User ID: 507382
9/20/2008 8:14 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

There wasn't a crash.

He predicted squat.
 Quoting: Anonymous Coward 507144

I think you're correct that he didn't predict a crash on 15th Sept., the statement made was; "and the negative news that will move the market downward should occur Sept 15".

Coincidence or otherwise, we are now in a pretty dreadful state of affairs!

The USA 'working-sheeple' may have to repay some three-quarters of a trillion dollars in taxes to keep this charade going, -on a temporary basis-, if they don't...then, welcome to the world that will result from this anyway!

Nostradamus I think he is not, but he has put together a rather intriguing set of dates, -that maybe you too could do that with previous 'Scout meeting dates', but his are much more interesting-.
Name Goes Here
User ID: 505562
9/20/2008 9:02 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Even the famous account, by banker and chronicler Giovanni Villani, of Edward III's default which triggered the final crash, acknowledges that his debt to the Bardi and Peruzzi included huge amounts he had already paid -- the curious arithmetic of the IMF to Third World debtors today:
 Quoting: Name Goes Here 505562


Money in a bank vault does not earn more money. But money loaned out earns interest. The IMF is not in the business of helping third world economies get on their feet, they're in business to create an environment that will generate more loans. The IMF, World Bank and Paris Club are store fronts for the controllers of the world's Central Banks, all under the umbrella of the Bank for International Settlements (BIS) out of Basel, Switzerland.

Preface) The IMF loans $5 billion to an African country (let's call it YuHu) to build a hydroelectric dam and accompanying power infrastructure. Conditions are applied to the loan, one being the opening of the nation to foreign mining, forestry and oil corporations. The natural resources of the country will be used to repay the loan. The machinery, expertise and capital for exploiting the resources will come from outside the country, so the YuHu government's take will be 12%. The dam is eventually built and those mining, forestry and oil corporations now have an affordable, reliable supply of energy in order to conduct their business.

Step 1) The foreign mining and drilling companies don't proceed beyond exploration. The minerals they've found will stay in the ground for years, not because it's too difficult, but because the financiers have no wish for YuHu to pay off their loan. The financiers already own a greater part of the foreign mining/oil companies. YuHu has $5 billion plus interest to pay back, but without their 12% profit coming from natural resource sales, they have no income large enough to settle the IMF debt. In a country where the average annual income is less than $500, there's no way they can sell enough electricity from the hydro dam to pay for itself.

Step 2) The payments to the IMF go into arrears. The IMF pushes the YuHu government to privatize its electric utilities. The government will raise cash through the sale of the dam, and will now be able to tax the asset once in private hands. The $5 billion hydroelectric project goes up for sale on the open market. The financiers of the IMF purchase the dam themselves through a third party corporation for less than half the price it cost to build. Now they own the dam, the electricity, and the YuHu government still has to pay for it.

Step 3) The private corporation that's purchased the dam now lobbies the YuHu government for tax concessions. Running a couple thousand Megawatts to market costs the same in YuHu as it does in New York. The difference being, the price charged to the customers in YuHu is no where near what it is in New York. At the recommendation of the IMF, the concession is made.

Step 4) Now the minerals/oil come out of the ground. The 12% cut for the YuHu government is negotiated down to 8%. The government is desperate for funds, and the boards of the mining/oil corporations know this because they're associated with the IMF financiers. The YuHu government now makes enough resource income to service their interest payments only. The rest of the country remains in the same state of poverty as before the IMF arrived. 92% of the mineral wealth disappears from the country directly through the foreign corporations, the other 8% of the mineral wealth disappears in service of the IMF loan.

Step 5) The IMF recommends the YuHu government privatize further civil services, from water, sanitation, roads, airports and ports. Step and repeat as per outcome of the hydro project. The IMF recommends wholesale tax increases. Now that 100% of the mineral wealth is being removed, the labor value of the working population is bled from the country.

Step 6) As a solution to YuHu's financial problems, the IMF recommends that they borrow more money.

Energy can neither be created nor destroyed, but only change form. Likewise with wealth. The corn in the fields, the car in the garage, the plane ticket to Belmont... all have value. The paper money we trade simply represents the value of "things." No matter who goes bankrupt, whether its Aunt Mary down the street, the Lehman Brothers or Argentina, the wealth they once held does not cease to exist. It simply changes form, and goes from one person's pocket to another's.


********

A fun, light read:

[link to www.speroforum.com]
Bugsy Malone Subscriber
User ID: 506875
9/20/2008 9:23 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

stocks were up nearly 400 points today

what crash? the 400 point drop the other day? well it gained that and more back

the dow is still sitting above 11,000 points

when nothing happens in october we'll all look for the next asteroid, volcano, etc, doomsday prediction smh
 Quoting: Anonymous Coward 336181


Yes indeed 181, and the fact that the Dow Jones Industrial Average is still above 11,000 after all this is the essence of the problem.

There is no guarantee that this 1 trillion dollar mother of all bailouts is going to work, just as there is no guarantee that letting the stock market sort it out (rather than printing all of this money) would have resulted in financial armageddon for all of us.

The stock market is supposed to be a clearing mechanism, nothing more, but you can bet your last dollar that while the financial markets rule the world there will be lots more volatility and angst before this is all over.

The wretched thing is still far too high for the current circumstances anyway. Please to TPTB, for heavens sake let the thing correct and do it's job before we are really are all done for.

The stock market crash of 1987 kept them all quiet for a while; the crash did not last long and the aftermath was dealt with in an orderly manner.

The current thinking to deal with the problem is just absolute nuts. Ask Ron Paul. We need to turn the juggernaut back and drive the other way.

The real economy should drive the stock market - never the reverse.

We really feel for you all out here in OZ. WTF do they think they are doing asking the public to pay more taxes to hold up the stockmarket. I am almost out of words and then I come back here and read some more.

Blessings all. I hope things turn out ok, but it's touch and go unless someone - anyone takes a stand.

P.S. I notice that Alexander Putin is saying "stop the presses". Smart guy that.
Anonymous Coward
User ID: 385176
9/20/2008 11:46 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Even the famous account, by banker and chronicler Giovanni Villani, of Edward III's default which triggered the final crash, acknowledges that his debt to the Bardi and Peruzzi included huge amounts he had already paid -- the curious arithmetic of the IMF to Third World debtors today:

Money in a bank vault does not earn more money. But money loaned out earns interest. The IMF is not in the business of helping third world economies get on their feet, they're in business to create an environment that will generate more loans. The IMF, World Bank and Paris Club are store fronts for the controllers of the world's Central Banks, all under the umbrella of the Bank for International Settlements (BIS) out of Basel, Switzerland.

Preface) The IMF loans $5 billion to an African country (let's call it YuHu) to build a hydroelectric dam and accompanying power infrastructure. Conditions are applied to the loan, one being the opening of the nation to foreign mining, forestry and oil corporations. The natural resources of the country will be used to repay the loan. The machinery, expertise and capital for exploiting the resources will come from outside the country, so the YuHu government's take will be 12%. The dam is eventually built and those mining, forestry and oil corporations now have an affordable, reliable supply of energy in order to conduct their business.

Step 1) The foreign mining and drilling companies don't proceed beyond exploration. The minerals they've found will stay in the ground for years, not because it's too difficult, but because the financiers have no wish for YuHu to pay off their loan. The financiers already own a greater part of the foreign mining/oil companies. YuHu has $5 billion plus interest to pay back, but without their 12% profit coming from natural resource sales, they have no income large enough to settle the IMF debt. In a country where the average annual income is less than $500, there's no way they can sell enough electricity from the hydro dam to pay for itself.

Step 2) The payments to the IMF go into arrears. The IMF pushes the YuHu government to privatize its electric utilities. The government will raise cash through the sale of the dam, and will now be able to tax the asset once in private hands. The $5 billion hydroelectric project goes up for sale on the open market. The financiers of the IMF purchase the dam themselves through a third party corporation for less than half the price it cost to build. Now they own the dam, the electricity, and the YuHu government still has to pay for it.

Step 3) The private corporation that's purchased the dam now lobbies the YuHu government for tax concessions. Running a couple thousand Megawatts to market costs the same in YuHu as it does in New York. The difference being, the price charged to the customers in YuHu is no where near what it is in New York. At the recommendation of the IMF, the concession is made.

Step 4) Now the minerals/oil come out of the ground. The 12% cut for the YuHu government is negotiated down to 8%. The government is desperate for funds, and the boards of the mining/oil corporations know this because they're associated with the IMF financiers. The YuHu government now makes enough resource income to service their interest payments only. The rest of the country remains in the same state of poverty as before the IMF arrived. 92% of the mineral wealth disappears from the country directly through the foreign corporations, the other 8% of the mineral wealth disappears in service of the IMF loan.

Step 5) The IMF recommends the YuHu government privatize further civil services, from water, sanitation, roads, airports and ports. Step and repeat as per outcome of the hydro project. The IMF recommends wholesale tax increases. Now that 100% of the mineral wealth is being removed, the labor value of the working population is bled from the country.

Step 6) As a solution to YuHu's financial problems, the IMF recommends that they borrow more money.

Energy can neither be created nor destroyed, but only change form. Likewise with wealth. The corn in the fields, the car in the garage, the plane ticket to Belmont... all have value. The paper money we trade simply represents the value of "things." No matter who goes bankrupt, whether its Aunt Mary down the street, the Lehman Brothers or Argentina, the wealth they once held does not cease to exist. It simply changes form, and goes from one person's pocket to another's.


********

A fun, light read:

[link to www.speroforum.com]
 Quoting: Name Goes Here 505562



Are you reinhardt?
Anonymous Coward
User ID: 385176
9/20/2008 11:48 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

There wasn't a crash.

He predicted squat.
 Quoting: Anonymous Coward 507144



Yes, there was a crash. It was called the bailout of AIG. You're still thinking in credit card mode.
Anonymous Coward
User ID: 385176
9/20/2008 11:55 PM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Even the famous account, by banker and chronicler Giovanni Villani, of Edward III's default which triggered the final crash, acknowledges that his debt to the Bardi and Peruzzi included huge amounts he had already paid -- the curious arithmetic of the IMF to Third World debtors today:

Money in a bank vault does not earn more money. But money loaned out earns interest. The IMF is not in the business of helping third world economies get on their feet, they're in business to create an environment that will generate more loans. The IMF, World Bank and Paris Club are store fronts for the controllers of the world's Central Banks, all under the umbrella of the Bank for International Settlements (BIS) out of Basel, Switzerland.

Preface) The IMF loans $5 billion to an African country (let's call it YuHu) to build a hydroelectric dam and accompanying power infrastructure. Conditions are applied to the loan, one being the opening of the nation to foreign mining, forestry and oil corporations. The natural resources of the country will be used to repay the loan. The machinery, expertise and capital for exploiting the resources will come from outside the country, so the YuHu government's take will be 12%. The dam is eventually built and those mining, forestry and oil corporations now have an affordable, reliable supply of energy in order to conduct their business.

Step 1) The foreign mining and drilling companies don't proceed beyond exploration. The minerals they've found will stay in the ground for years, not because it's too difficult, but because the financiers have no wish for YuHu to pay off their loan. The financiers already own a greater part of the foreign mining/oil companies. YuHu has $5 billion plus interest to pay back, but without their 12% profit coming from natural resource sales, they have no income large enough to settle the IMF debt. In a country where the average annual income is less than $500, there's no way they can sell enough electricity from the hydro dam to pay for itself.

Step 2) The payments to the IMF go into arrears. The IMF pushes the YuHu government to privatize its electric utilities. The government will raise cash through the sale of the dam, and will now be able to tax the asset once in private hands. The $5 billion hydroelectric project goes up for sale on the open market. The financiers of the IMF purchase the dam themselves through a third party corporation for less than half the price it cost to build. Now they own the dam, the electricity, and the YuHu government still has to pay for it.

Step 3) The private corporation that's purchased the dam now lobbies the YuHu government for tax concessions. Running a couple thousand Megawatts to market costs the same in YuHu as it does in New York. The difference being, the price charged to the customers in YuHu is no where near what it is in New York. At the recommendation of the IMF, the concession is made.

Step 4) Now the minerals/oil come out of the ground. The 12% cut for the YuHu government is negotiated down to 8%. The government is desperate for funds, and the boards of the mining/oil corporations know this because they're associated with the IMF financiers. The YuHu government now makes enough resource income to service their interest payments only. The rest of the country remains in the same state of poverty as before the IMF arrived. 92% of the mineral wealth disappears from the country directly through the foreign corporations, the other 8% of the mineral wealth disappears in service of the IMF loan.

Step 5) The IMF recommends the YuHu government privatize further civil services, from water, sanitation, roads, airports and ports. Step and repeat as per outcome of the hydro project. The IMF recommends wholesale tax increases. Now that 100% of the mineral wealth is being removed, the labor value of the working population is bled from the country.

Step 6) As a solution to YuHu's financial problems, the IMF recommends that they borrow more money.

Energy can neither be created nor destroyed, but only change form. Likewise with wealth. The corn in the fields, the car in the garage, the plane ticket to Belmont... all have value. The paper money we trade simply represents the value of "things." No matter who goes bankrupt, whether its Aunt Mary down the street, the Lehman Brothers or Argentina, the wealth they once held does not cease to exist. It simply changes form, and goes from one person's pocket to another's.


********

A fun, light read:

[link to www.speroforum.com]
 Quoting: Name Goes Here 505562



That is a great post, btw. Concise and a very clear expaination.

I recall, many years ago, seeing a documentary on this subject. It concerned a country in Africa. They were an argrarian, self sustaining people. The banksters convinced them to use their land to grow cotton, for export. Of course, this left them importing food. As they struggled to pay their "debt", the bottom fell out of the cotton market and about a million starved. They had exceeded their loan quota, apparently.
Anonymous Coward
User ID: 507241
9/21/2008 12:04 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Stock market has not crashed.

In fact came up almost 800 point on thurs and fri and was down very little for the week.

A crash is 20%

losers.

tomato
Anonymous Coward
User ID: 385176
9/21/2008 12:13 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Stock market has not crashed.

In fact came up almost 800 point on thurs and fri and was down very little for the week.

A crash is 20%

losers.

tomato
 Quoting: Anonymous Coward 507241


Do you understand what an economic crash is, nevermind the peaks and troughs of the NYSE, et al? How does a new debt of 700B sit with you? Oh yeah, charge it!

MORON
Anonymous Coward
User ID: 507516
9/21/2008 12:19 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

why did I get banned for posting the same cut n paste from G00Gle that has since been posted up here over and over many times? WTF...........fag-like-production...............
Anonymous Coward
User ID: 385176
9/21/2008 12:52 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

why did I get banned for posting the same cut n paste from G00Gle that has since been posted up here over and over many times? WTF...........fag-like-production...............
 Quoting: Anonymous Coward 507516



Sometimes copying a link does something hinky
Name Goes Here
User ID: 505562
9/21/2008 1:27 AM
Re: Man calls todays stock market crash to the date, on a message board? must read.Quote

Are you reinhardt?
 Quoting: Anonymous Coward 385176

No, he would seem to be much closer to the kitchen than me. I'm more of a hobbyist, out of curiosity.
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