Tuesday, April 28, 2009
This Second Great Depression that has begun in 2009 will last for 10 years. This Depression shall spare no economy, no corporation and no man. The titans of today will become the paupers of tomorrow. Joint families staying in one home will be the norm from the nuclear family. Unhealthy family dynamics which were swished under the carpet for years will need to be resolved for the families to survive this Depression. We are heading back to a lifestyle that was followed many decades ago. Those people who labour hard and are smart will survive. Savings will become the norm. We only have to turn to the pages of our history books of the 1929 depression which translated into World War II. This Depression will translate into WWIII. Unfortunately the global banks cannot be saved. People who have their savings in these banks will wake up one day and find a run on their banks.
Friday, April 24, 2009
Smoke and mirrors.
Smoke and mirrors.
Hear hear! The BSE has been OVERSTATING FII inflows by over 20%! They were using a 'static' exchange rate of Rs. 50 per dollar, and did not change it since then. A small oversight, eh?`So we have been fed with incorrect data all this long? SEBI where art thou?
China has purchased over 400 tons of gold. Did you hear that in the Indian media? 400 TONNES OF GOLD? Why are they going against the recommendations of major financial institutions? Are they right or are the FIs right? But the FIs have lied time and again to the people at large. It is time to buy Gold.
Hear hear! The BSE has been OVERSTATING FII inflows by over 20%! They were using a 'static' exchange rate of Rs. 50 per dollar, and did not change it since then. A small oversight, eh?`So we have been fed with incorrect data all this long? SEBI where art thou?
China has purchased over 400 tons of gold. Did you hear that in the Indian media? 400 TONNES OF GOLD? Why are they going against the recommendations of major financial institutions? Are they right or are the FIs right? But the FIs have lied time and again to the people at large. It is time to buy Gold.
How The Asian Crisis Was CreatedBy The Illuminati And BIS
How The Asian Crisis Was CreatedBy The Illuminati And BIS
By Benjamin Fulford
4-15-9
Many people, including some who should know better like Nobel prize winning economist Paul Krugman, believe the Asian crisis was an accident. It was no such thing. It was a deliberately planned attack aimed at stealing much of Asia's wealth and weakening the Asian tigers. The attack on Asia was two-pronged with one prong hitting South East Asia and the other aimed at Japan. To attack Japan, the privately owned BIS (not accountable to any government on earth) changed its international banking rules in a way that deliberately weakened Japanese banks. They then forced (through threats of violence against Japan) the Japanese authorities to bankrupt one of their big so-called city banks. The Japanese chose the smallest of them: Hokkaido Takushoku Bank. When HTK went bankrupt over 1000 viable companies in Northern Japan were forced into insolvency. This meant that loans other Japanese banks had made to them had to be declared "bad." The result was that all Japanese banks suddenly saw their BIS capital to asset ratio fall below the 8% needed to be allowed to engage in international banking. That meant they were all forced to "immediately" withdraw all their international loans, mostly made to Asia. The Asian countries, meanwhile, were made extra vulnerable by a deliberate influx of "hot" money that created bubbles. As soon as the Japanese withdrew their loans, the "hot" money was also taken away, destroying the Asian economies. President Mahatir of Malaysia saved his country by seeing through the ruse and preventing the sudden withdrawal of "hot" money. After the Asian economies collapsed, the carpet-baggers came in. "Hedge funds" and investment funds linked to the oligarchs came marching in and, using Japanese money, they bought up much of Asia's economic infrastructure at a deep discount. If the BIS and the IMF etc. were really concerned about economic development they would first of all never have forced HKT bank to go under in a disorderly manner. They would have also figured out a way for the Japanese banks to do something like issue subordinated bonds so they could bolster their BIS capital and not be forced to suddenly vacate Asia. The criminals who carried this out think they got away with it but the Asians have long memories and they have identified the perpetrators of this attack. The American economy has been subjected to a similar financial attack by the same group of criminals. They would do well to identify these gangsters and put them out of business for ever. Benjamin Fulford
By Benjamin Fulford
4-15-9
Many people, including some who should know better like Nobel prize winning economist Paul Krugman, believe the Asian crisis was an accident. It was no such thing. It was a deliberately planned attack aimed at stealing much of Asia's wealth and weakening the Asian tigers. The attack on Asia was two-pronged with one prong hitting South East Asia and the other aimed at Japan. To attack Japan, the privately owned BIS (not accountable to any government on earth) changed its international banking rules in a way that deliberately weakened Japanese banks. They then forced (through threats of violence against Japan) the Japanese authorities to bankrupt one of their big so-called city banks. The Japanese chose the smallest of them: Hokkaido Takushoku Bank. When HTK went bankrupt over 1000 viable companies in Northern Japan were forced into insolvency. This meant that loans other Japanese banks had made to them had to be declared "bad." The result was that all Japanese banks suddenly saw their BIS capital to asset ratio fall below the 8% needed to be allowed to engage in international banking. That meant they were all forced to "immediately" withdraw all their international loans, mostly made to Asia. The Asian countries, meanwhile, were made extra vulnerable by a deliberate influx of "hot" money that created bubbles. As soon as the Japanese withdrew their loans, the "hot" money was also taken away, destroying the Asian economies. President Mahatir of Malaysia saved his country by seeing through the ruse and preventing the sudden withdrawal of "hot" money. After the Asian economies collapsed, the carpet-baggers came in. "Hedge funds" and investment funds linked to the oligarchs came marching in and, using Japanese money, they bought up much of Asia's economic infrastructure at a deep discount. If the BIS and the IMF etc. were really concerned about economic development they would first of all never have forced HKT bank to go under in a disorderly manner. They would have also figured out a way for the Japanese banks to do something like issue subordinated bonds so they could bolster their BIS capital and not be forced to suddenly vacate Asia. The criminals who carried this out think they got away with it but the Asians have long memories and they have identified the perpetrators of this attack. The American economy has been subjected to a similar financial attack by the same group of criminals. They would do well to identify these gangsters and put them out of business for ever. Benjamin Fulford
Friday, April 10, 2009
Forex Derivatives gonna take a lot of companies down worldwide
Forex Derivatives gonna take a lot of companies down worldwide
11-Apr-09
All these forex experts who predicted that the dollar would go lower are proven wrong. The dollar is kept strong for political reasons. There can be no economics in this value. How could the most indebted nation in the world have a strong currency? The Indian Govt. is now back with a new trick. It is allowing companies to restate accounts without marking to market forex derivatives until 2011. This will obviously inflate profits of these companies like Wockhardt and Tata Steel which is another smoke and mirrors 'India Shining' propoganda. The Govt thinks that the dollar will sink back to 40 levels by the end of this year and lower by 2011. They are right. The dollar strength has been broken since this month. I think this was a desperate measure to keep these companies above water (My guess is that Wockhardt and Tata Steel bet against the dollar at 40 in swaps which might expire in 2011). We have to stay away from the stock market. All the market numbers are manipulated. The banks are refusing to toe the line of the government to bring their loan rates in line with the soverign yield. They know that the RBI is actively rigging the yield curve. Wait until further inflation hits us. Then we could see greater unrest.
Worldwide there are many institutions mostly banks which have dealt with derivatives. I've heard the concentration of most of the derivatives is among the top 3 banks. J P Morgan's derivative positions are a couple of trillion dollars in notionals and could even bring that bank down. The reason why JP Morgan bought out Bear Stearns was because of Bear Stearns Derivatives book had a huge JP Morgan exposure. Bear Stearns failing would mean JP Morgan failing
11-Apr-09
All these forex experts who predicted that the dollar would go lower are proven wrong. The dollar is kept strong for political reasons. There can be no economics in this value. How could the most indebted nation in the world have a strong currency? The Indian Govt. is now back with a new trick. It is allowing companies to restate accounts without marking to market forex derivatives until 2011. This will obviously inflate profits of these companies like Wockhardt and Tata Steel which is another smoke and mirrors 'India Shining' propoganda. The Govt thinks that the dollar will sink back to 40 levels by the end of this year and lower by 2011. They are right. The dollar strength has been broken since this month. I think this was a desperate measure to keep these companies above water (My guess is that Wockhardt and Tata Steel bet against the dollar at 40 in swaps which might expire in 2011). We have to stay away from the stock market. All the market numbers are manipulated. The banks are refusing to toe the line of the government to bring their loan rates in line with the soverign yield. They know that the RBI is actively rigging the yield curve. Wait until further inflation hits us. Then we could see greater unrest.
Worldwide there are many institutions mostly banks which have dealt with derivatives. I've heard the concentration of most of the derivatives is among the top 3 banks. J P Morgan's derivative positions are a couple of trillion dollars in notionals and could even bring that bank down. The reason why JP Morgan bought out Bear Stearns was because of Bear Stearns Derivatives book had a huge JP Morgan exposure. Bear Stearns failing would mean JP Morgan failing
The RBI's mess.
The RBI's mess.
03-Apr-09
As the RBI is pumping in more credit into the economy to prevent deflation we can easily see India's economy resembles the zombie from George A Romero's The Night of the Living Dead. Only THIS is the real thing. India's economy which has contracted by -3.6% last quarter as per OECD GDP methodologies is being fed with succulent RBI created credit which is zipping at 18% M3 (broad money supply) to keep the zombie among the walking dead. The resultant inflationary bill is arriving at your nearest grocery store soon. :) And don't forget the surcharges coming in the next budget. You'll love the Government for this. Lastest news: RBI's bond issuances have devolved. Nobody wants to buy 10 year GoI treasuries at 7%. Yields will touch 9% (what about my home loan rates!? - sure they are going up). Right now the RBI will go ahead and monetise them, and send the inflation bill to you for immediate payment.
Short the index if you have the stomach to trade, or else stay away from equities. Wockhardt is the next company to go under due to huge forex derivative losses and excessive debt in it balance sheet. Expect a buyout for Wockhardt by Aventis in the next 6 months. Wockhardt is a another walking zombie.
03-Apr-09
As the RBI is pumping in more credit into the economy to prevent deflation we can easily see India's economy resembles the zombie from George A Romero's The Night of the Living Dead. Only THIS is the real thing. India's economy which has contracted by -3.6% last quarter as per OECD GDP methodologies is being fed with succulent RBI created credit which is zipping at 18% M3 (broad money supply) to keep the zombie among the walking dead. The resultant inflationary bill is arriving at your nearest grocery store soon. :) And don't forget the surcharges coming in the next budget. You'll love the Government for this. Lastest news: RBI's bond issuances have devolved. Nobody wants to buy 10 year GoI treasuries at 7%. Yields will touch 9% (what about my home loan rates!? - sure they are going up). Right now the RBI will go ahead and monetise them, and send the inflation bill to you for immediate payment.
Short the index if you have the stomach to trade, or else stay away from equities. Wockhardt is the next company to go under due to huge forex derivative losses and excessive debt in it balance sheet. Expect a buyout for Wockhardt by Aventis in the next 6 months. Wockhardt is a another walking zombie.
My thoughts will be posted here
When sitting out of my apartment during a Sunday weekend in Tokyo hits the boredom out of me, I've decided to fight it back by blogging. Haha. Welcome aboard.
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