Post by Klingoncelt on Oct 23, 2011 20:21:49 GMT -5
October 14, 2011
Club G 20 - Drinks Are Free !!!
Its a little rich of the hapless Timothy Geithner to be lecturing Europe on their banking crisis, poor old chap, he seems to forget where it all began, well at least he speaks Chinese, then again the Chief Bag-Man for the US dollar needs to be capable of shooting the Cantonese shit...
"Yes Sir Mr Zhou Xiaochuan, I'm serious we want to borrow at least enough to stay at war - Yes Sir, Stay at War - You know we've got to nab all that Iranian oil next, so hear me out because its real simple my Special Cantonese Brother. We'll do all the fighting, were good at it & the Brits will poodle alongside, still punching above their weight, Goddamn nutters, we love them & for sure Israel will be in head first, fuck they owe us Billions".
"All you have to do my wealthy little friend is lend us the money, then its a Win, Win, Win baby. Millions of Barrels of Oil guaranteed & you even make a handsome profit on the War Loan, so even more interest for your People's Bank, & hell, I don't care what rate of interest you charge me, cause' it not my money I’m spending"...
"But please Mr Zhou Xiaochuan you must understand, we can't keep tapping those Rothschild dudes no more, they're European, they ain't got no squilla', so cool bro' you front the deal & we split the booty, also slappin' the brakes on those fuckin Putin cronies, donning their macho leather clad bullshit, no style".
"What a cunning plan you have there Timmy" you are the most genius of all 75 Treasury Secretary's in the history of the union which is not really that unified these days...
"Yeah I am the only man with a forehead big enough for the job & The Big Boss in the White House ain’t so keen on those "old" Europeans, & look - They ain’t got the kind of money we need."
"Bartender another round of whiskey's for Mr Zhou Xiaochuan, of course it's the whiskey talking man, I shouldn't disclose such state secrets... And Hey, put your money away, I'm getting this round, in fact you have an open tab with me Sir - An Open Tab - And I hope you can reciprocate the same hospitality to the US Treasury... How much did you say we could borrow this time.. Cool that'll do nicely ??"
Imagine if you went into BOA for a Geithner loan;
Banker; "Good morning Sir & what is the nature of the business you require the loan for"
Timmy G [no relation to Kenny]; "Err, War, Rape & Pillage"... "No I mean - The Energy Business"
Banker; "Oh well in that case you better go to our Executive level, that's all they do up there"
Anyway I'm British, & we have our own insolvent banking system to be rightly proud of, not forgetting that from 1997 to 2010 - pre & post any crisis, all of the political power was fundamentally in the hands of-2 politicians, Gordon Brown & Tony Blair. Blair even gave a knighthood to Sir Fred Goodwin ex Gang Boss of the RBS, that's a kin to giving Charles Manson the keys to your daughters chastity.
The RBS has a balance sheet as of 31 dec 2010 of assets totalling $2,275,800,000,000 - it has a net value of $95,010,000,000 after stockholder equity [that's must be us folks]. All this providing you believe the appraisal of the assets are accurate, & considering the muppetts haven’t got anything right historically how can one be sure... It so close to the margins that it could be considered as creative accounting.
Therefore a 5% devaluation in their total asset value makes the RBS insolvent... What could some of those assets possibly be - maybe, Greek, Irish, Spanish & Italian debt...
The UK citizen [not the government] is guaranteeing the ailing fortunes of this & other banks, including [but not limited to], their own cash deposits to the tune of around $2,500,000,000,000 [2.5 Trillion usd] That's on top of the National Debt of about $1.6 Trillion - The commitments include buying £76bn of shares in Royal Bank of Scotland and the Lloyds Banking Group; indemnifying the Bank of England against losses incurred in providing more than £275bn of liquidity support; guaranteeing up to £250bn of wholesale borrowing by banks to strengthen liquidity; providing £40bn of loans and other funding to Bradford & Bingley and the Financial Services Compensation Scheme; and insurance cover of over £280bn for bank assets.
The exact figure apparently will not be known for some years, well of course it won't because we are in a crisis & nobody has a clue where or how it will end, so why bloody worry... Lets get Drunk, High & Spend Recklessly... Oh Shit, that’s what we've been doing for the past 10-years, well at least a good time was had by all, now prepare for the mother of all hang-overs.
Currently the banking systems of the US / UK / Europe / Japan - Don't have enough in the coffers to lend you the bus fare to Blackpool for the day !!! And who are their customers. Principally countries that don't have any money to pay them back unless they receive a bailout... But didn’t the banks already have a bailout in 2008-9 - YES - However the bailouts from 2008-9 were heavily invested [bad choice of words] in Sovereign debt, not private small business - The numbers banks invested in Government bonds are staggering, which is I guess the pivotal problem for the entire banking system today, & not just Europe – Hey Hoe, the banks have made real shitty investments again, well incredibly that's what’s happened.
Fool me once shame on you - Fool me twice & I'm a fuckin idiot... At last thousands have woken up & are now embarking on the Financial Revolution, there's no real democracy when the terms are dictated to the masses as a consequence of the reckless behaviour of a handful of knob-ends, represented by their political muppetts at the G20.
We all know who & where they are that's why there is a protest on their front lawn - Wall St - And there's a seething anger in the UK, France, Spain, Greece everywhere... Millions loose their jobs & homes, but only 1 inside trader goes to the health spa jail & he was from Sri Lanka...
The following breakdown is in Billions & Trillions [that's 9 & 12 zero's respectfully]... Accurate eyesight essential.
Greece owes over $370 Billion - Ireland owes $865 Billion . This is owed to mainly other European countries. Spain owes over a $1-Trillion - Italy owes well over $2 Trillion - Portugal about €500 Billion... This is owed mainly to Germany France & the UK, none of whom are in good shape - The UK in particular is not looking to good & banks across the continent are now going bust & have been downgraded, but not to worry folks, because they are going to get a bail-out, right - Right... But where do they get the money for the bailout from ?? Good Question !!!
Lets try here - France owes over $2 Trillion & its banks are in the shi**er' - Germany owes about $2.5 Trillion its banks are also heavily exposed... So they can't really afford to fund squat, maybe they could stretch to an Edith Piaf Tribute with an Umpah band as the opener. Mai Oui - I can here the 3/4 marching on Edith right now in my head... Anyway there's no Eurobond market as of yet, to issue a Stable [ha ha] Euro Debt note, and watching the way the Euro-Zone operates it would take them years to get their act together & man, what a disaster waiting to happen another financial institution would be.
So broke European economies are going to lend further to even more broke European economies using money they don’t actually have & with little hope of getting it paid back... So where does the bailout money come from? I guess it can only be the Central Banks, but doesn't the B.O.E. have government guarantees for providing liquidity & hasn't it already printed £275 Billions ... Therefore isn’t it also broke ??
Maybe Mr. Geithner has a point about Europe... And why are so many people dumping Euro's for Dollars - Principally because the US economy is much stronger, that’s because its owned by China...
"Another round for Beijing Timmy old boy"... Better get out the good stuff this time !!!
Now in light of all of this - Try explaining to your kids the evils of Communism & the virtues of Capitalism or is this political & monetary harmonisation the perfect example of the free capital markets at their finest, well I very much doubt millions of disenfranchised & broke, jobless people would see it that way. In fact we've had a truly orderly transfer of political culture & power without us even realising, lets call it "fundamentally transitional" to fluff the perception up & hey, what fun were all gonna have now as – The Reds Have the Legal Right to be Under Your Bed', well at least they are putting a roof over our heads.
Finally, here's a suggestion for these discredited "leaders" as they gather to stage manage their Paper Thin Power Trippin'.
When you gather for the G20 con-flab over the next few days [funny how it's timed with impending doom]. If you really want to win back the publics trust & support then please bring your own sandwiches and drinks and indulge yourself in a shared lunch, it will do wonders as a bonding exercise the sharing of food, the intimate tales from around the globe, you may even experience normality for a short while - This, as opposed to another extravagant freebie on the back of a completely broke electorate who you should be so bloody lucky to represent. So You Useless Gitz - Get your act together and do what you are elected to do or for sure you will be next on the menu & real soon.
The question for the future is not what side of the argument you are on but more what side of the argument you've been on.
Club G 20 - Drinks Are Free !!!
Its a little rich of the hapless Timothy Geithner to be lecturing Europe on their banking crisis, poor old chap, he seems to forget where it all began, well at least he speaks Chinese, then again the Chief Bag-Man for the US dollar needs to be capable of shooting the Cantonese shit...
"Yes Sir Mr Zhou Xiaochuan, I'm serious we want to borrow at least enough to stay at war - Yes Sir, Stay at War - You know we've got to nab all that Iranian oil next, so hear me out because its real simple my Special Cantonese Brother. We'll do all the fighting, were good at it & the Brits will poodle alongside, still punching above their weight, Goddamn nutters, we love them & for sure Israel will be in head first, fuck they owe us Billions".
"All you have to do my wealthy little friend is lend us the money, then its a Win, Win, Win baby. Millions of Barrels of Oil guaranteed & you even make a handsome profit on the War Loan, so even more interest for your People's Bank, & hell, I don't care what rate of interest you charge me, cause' it not my money I’m spending"...
"But please Mr Zhou Xiaochuan you must understand, we can't keep tapping those Rothschild dudes no more, they're European, they ain't got no squilla', so cool bro' you front the deal & we split the booty, also slappin' the brakes on those fuckin Putin cronies, donning their macho leather clad bullshit, no style".
"What a cunning plan you have there Timmy" you are the most genius of all 75 Treasury Secretary's in the history of the union which is not really that unified these days...
"Yeah I am the only man with a forehead big enough for the job & The Big Boss in the White House ain’t so keen on those "old" Europeans, & look - They ain’t got the kind of money we need."
"Bartender another round of whiskey's for Mr Zhou Xiaochuan, of course it's the whiskey talking man, I shouldn't disclose such state secrets... And Hey, put your money away, I'm getting this round, in fact you have an open tab with me Sir - An Open Tab - And I hope you can reciprocate the same hospitality to the US Treasury... How much did you say we could borrow this time.. Cool that'll do nicely ??"
Imagine if you went into BOA for a Geithner loan;
Banker; "Good morning Sir & what is the nature of the business you require the loan for"
Timmy G [no relation to Kenny]; "Err, War, Rape & Pillage"... "No I mean - The Energy Business"
Banker; "Oh well in that case you better go to our Executive level, that's all they do up there"
Anyway I'm British, & we have our own insolvent banking system to be rightly proud of, not forgetting that from 1997 to 2010 - pre & post any crisis, all of the political power was fundamentally in the hands of-2 politicians, Gordon Brown & Tony Blair. Blair even gave a knighthood to Sir Fred Goodwin ex Gang Boss of the RBS, that's a kin to giving Charles Manson the keys to your daughters chastity.
The RBS has a balance sheet as of 31 dec 2010 of assets totalling $2,275,800,000,000 - it has a net value of $95,010,000,000 after stockholder equity [that's must be us folks]. All this providing you believe the appraisal of the assets are accurate, & considering the muppetts haven’t got anything right historically how can one be sure... It so close to the margins that it could be considered as creative accounting.
Therefore a 5% devaluation in their total asset value makes the RBS insolvent... What could some of those assets possibly be - maybe, Greek, Irish, Spanish & Italian debt...
The UK citizen [not the government] is guaranteeing the ailing fortunes of this & other banks, including [but not limited to], their own cash deposits to the tune of around $2,500,000,000,000 [2.5 Trillion usd] That's on top of the National Debt of about $1.6 Trillion - The commitments include buying £76bn of shares in Royal Bank of Scotland and the Lloyds Banking Group; indemnifying the Bank of England against losses incurred in providing more than £275bn of liquidity support; guaranteeing up to £250bn of wholesale borrowing by banks to strengthen liquidity; providing £40bn of loans and other funding to Bradford & Bingley and the Financial Services Compensation Scheme; and insurance cover of over £280bn for bank assets.
The exact figure apparently will not be known for some years, well of course it won't because we are in a crisis & nobody has a clue where or how it will end, so why bloody worry... Lets get Drunk, High & Spend Recklessly... Oh Shit, that’s what we've been doing for the past 10-years, well at least a good time was had by all, now prepare for the mother of all hang-overs.
Currently the banking systems of the US / UK / Europe / Japan - Don't have enough in the coffers to lend you the bus fare to Blackpool for the day !!! And who are their customers. Principally countries that don't have any money to pay them back unless they receive a bailout... But didn’t the banks already have a bailout in 2008-9 - YES - However the bailouts from 2008-9 were heavily invested [bad choice of words] in Sovereign debt, not private small business - The numbers banks invested in Government bonds are staggering, which is I guess the pivotal problem for the entire banking system today, & not just Europe – Hey Hoe, the banks have made real shitty investments again, well incredibly that's what’s happened.
Fool me once shame on you - Fool me twice & I'm a fuckin idiot... At last thousands have woken up & are now embarking on the Financial Revolution, there's no real democracy when the terms are dictated to the masses as a consequence of the reckless behaviour of a handful of knob-ends, represented by their political muppetts at the G20.
We all know who & where they are that's why there is a protest on their front lawn - Wall St - And there's a seething anger in the UK, France, Spain, Greece everywhere... Millions loose their jobs & homes, but only 1 inside trader goes to the health spa jail & he was from Sri Lanka...
The following breakdown is in Billions & Trillions [that's 9 & 12 zero's respectfully]... Accurate eyesight essential.
Greece owes over $370 Billion - Ireland owes $865 Billion . This is owed to mainly other European countries. Spain owes over a $1-Trillion - Italy owes well over $2 Trillion - Portugal about €500 Billion... This is owed mainly to Germany France & the UK, none of whom are in good shape - The UK in particular is not looking to good & banks across the continent are now going bust & have been downgraded, but not to worry folks, because they are going to get a bail-out, right - Right... But where do they get the money for the bailout from ?? Good Question !!!
Lets try here - France owes over $2 Trillion & its banks are in the shi**er' - Germany owes about $2.5 Trillion its banks are also heavily exposed... So they can't really afford to fund squat, maybe they could stretch to an Edith Piaf Tribute with an Umpah band as the opener. Mai Oui - I can here the 3/4 marching on Edith right now in my head... Anyway there's no Eurobond market as of yet, to issue a Stable [ha ha] Euro Debt note, and watching the way the Euro-Zone operates it would take them years to get their act together & man, what a disaster waiting to happen another financial institution would be.
So broke European economies are going to lend further to even more broke European economies using money they don’t actually have & with little hope of getting it paid back... So where does the bailout money come from? I guess it can only be the Central Banks, but doesn't the B.O.E. have government guarantees for providing liquidity & hasn't it already printed £275 Billions ... Therefore isn’t it also broke ??
Maybe Mr. Geithner has a point about Europe... And why are so many people dumping Euro's for Dollars - Principally because the US economy is much stronger, that’s because its owned by China...
"Another round for Beijing Timmy old boy"... Better get out the good stuff this time !!!
Now in light of all of this - Try explaining to your kids the evils of Communism & the virtues of Capitalism or is this political & monetary harmonisation the perfect example of the free capital markets at their finest, well I very much doubt millions of disenfranchised & broke, jobless people would see it that way. In fact we've had a truly orderly transfer of political culture & power without us even realising, lets call it "fundamentally transitional" to fluff the perception up & hey, what fun were all gonna have now as – The Reds Have the Legal Right to be Under Your Bed', well at least they are putting a roof over our heads.
Finally, here's a suggestion for these discredited "leaders" as they gather to stage manage their Paper Thin Power Trippin'.
When you gather for the G20 con-flab over the next few days [funny how it's timed with impending doom]. If you really want to win back the publics trust & support then please bring your own sandwiches and drinks and indulge yourself in a shared lunch, it will do wonders as a bonding exercise the sharing of food, the intimate tales from around the globe, you may even experience normality for a short while - This, as opposed to another extravagant freebie on the back of a completely broke electorate who you should be so bloody lucky to represent. So You Useless Gitz - Get your act together and do what you are elected to do or for sure you will be next on the menu & real soon.
The question for the future is not what side of the argument you are on but more what side of the argument you've been on.
