Via ekathimerini / Zero Hedge :
About 160,000 jobs will be lost this year in the commerce sector, according to the National Confederation of Greek Commerce (ESEE) as the constant decline in disposable income has led to a sharp drop in turnover and a steep rise in the number of enterprises shutting down.
The jobs to be lost concern 60,000 employers and 100,000 employees in the sector, ESEE expects. Given the data for a 6.2 percent fall in household consumption in 2011 and the Eurostat forecast for a further decline by 4.3 percent this year, ESEE warns that soon Greece will be in a condition of absolute poverty.
Vad som gör detta sorgligt är att det går omkring kostymklädda herrar under beteckningen IMF-delegater och leker Allan med budgeten för Grekland. De leker så mycket så de plötsligt inser att de gått för långt och då kan det låta så här från Poul Thomsen som är ansvarig för IMF-delegationen som förhandlar i Grekland:
I share the frustration of many Greek officials that much of the criticism from abroad overlooks the fact that Greece has done a lot, at a great cost to the population. While much still needs to be done, Greece has already come quite a long way. Failing to recognise this will not help mobilise support for the programme.
In this regard, I think that officials – myself included – need perhaps to be more sensitive to ensuring that we send a balanced signal when we say that the programme is off-track
Buhu! När man läser detta ska man ha i åtanke att IMF är en organisation som har en väl dokumenterad erfarenhet av vad deras sparpaket orsakar, inte minst deras räder i Afrika. Vill man kan man läsa en artikel från The Guardian/Observer från 2001 där Joseph Stiglitz beskriver hur IMF jobbar i ett fyrstegsprogram:
Each nation’s economy is analysed, says Stiglitz, then the Bank hands every minister the same four-step programme.
Step One is privatisation. Stiglitz said that rather than objecting to the sell-offs of state industries, some politicians – using the World Bank’s demands to silence local critics – happily flogged their electricity and water companies. ‘You could see their eyes widen’ at the possibility of commissions for shaving a few billion off the sale price.
After privatisation, Step Two is capital market liberalisation. In theory this allows investment capital to flow in and out. Unfortunately, as in Indonesia and Brazil, the money often simply flows out.
Stiglitz calls this the ‘hot money’ cycle. Cash comes in for speculation in real estate and currency, then flees at the first whiff of trouble. A nation’s reserves can drain in days.
And when that happens, to seduce speculators into returning a nation’s own capital funds, the IMF demands these nations raise interest rates to 30%, 50% and 80%.
‘The result was predictable,’ said Stiglitz. Higher interest rates demolish property values, savage industrial production and drain national treasuries.
At this point, according to Stiglitz, the IMF drags the gasping nation to Step Three: market-based pricing – a fancy term for raising prices on food, water and cooking gas. This leads, predictably, to Step-Three-and-a-Half: what Stiglitz calls ‘the IMF riot’.
The IMF riot is painfully predictable. When a nation is, ‘down and out, [the IMF] squeezes the last drop of blood out of them. They turn up the heat until, finally, the whole cauldron blows up,’ – as when the IMF eliminated food and fuel subsidies for the poor in Indonesia in 1998. Indonesia exploded into riots.
…
The IMF riots (and by riots I mean peaceful demonstrations dispersed by bullets, tanks and tear gas) cause new flights of capital and government bankruptcies This economic arson has its bright side – for foreigners, who can then pick off remaining assets at fire sale prices.
A pattern emerges. There are lots of losers but the clear winners seem to be the western banks and US Treasury.
Now we arrive at Step Four: free trade. This is free trade by the rules of the World Trade Organisation and the World Bank, which Stiglitz likens to the Opium Wars. ‘That too was about ”opening markets”,’ he said. As in the nineteenth century, Europeans and Americans today are kicking down barriers to sales in Asia, Latin American and Africa while barricading our own markets against the Third World ‘s agriculture.
In the Opium Wars, the West used military blockades. Today, the World Bank can order a financial blockade, which is just as effective and sometimes just as deadly.
Stiglitz has two concerns about the IMF/World Bank plans. First, he says, because the plans are devised in secrecy and driven by an absolutist ideology, never open for discourse or dissent, they ‘undermine democracy’. Second, they don’t work. Under the guiding hand of IMF structural ‘assistance’ Africa’s income dropped by 23%.
Did any nation avoid this fate? Yes, said Stiglitz, Botswana. Their trick? ‘They told the IMF to go packing.’
Stiglitz proposes radical land reform: an attack on the 50% crop rents charged by the propertied oligarchies worldwide.
Why didn’t the World Bank and IMF follow his advice?
‘If you challenge [land ownership], that would be a change in the power of the elites. That’s not high on their agenda.’
Nu väntar vi bara på att Portugal ska genomlida 4-stegsprogrammet. Sedan får vi hoppas att europas folk kan komma på ett eget en-stegsprogram för att göra sig av med IMF en gång för alla annars blir det ett globalt 4-stegsprogram.
Gonatt!
Källor:
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_01/02/2012_425579
http://www.zerohedge.com/news/greece-warns-it-will-soon-be-condition-absolute-poverty
http://www.guardian.co.uk/business/2001/apr/29/business.mbas
Då har EU och dess byråkrater äntligen enats om att utöka den privatägda räddningsfonden EFSF till €1 biljon och samtidigt skriva av Greklands privatägda skulder med 50%. Problemet är att det inte handlar om 50% av alla skulder utan de privatägda skulderna vilket Zero Hedge (som alltid) kan avslöja. Så i realiteten handlar det snarare om att hälften av hälften av skulderna eller 28% skrivs av. Av dessa tillhör dessutom en tredjedel av skulderna grekiska pensionsfonder.
Nu ska vi vara snälla och låta medier, politiker och godtrogna EU-medborgare glädjas den lilla stund som detta varar. När marknaden inser vad detta handlar om kommer de att visa hur lite €1 biljon i räddningsfonden och 28% i skuldavskrivningar betyder för att få Europa på fötter igen.
Om ni undrar hur länge detta kan pågå så ska jag ge er ett tips, men först lite bakgrundsfakta.
- Herman von Rompuy räknar med att en ändring i lissabonfördraget ska göra det möjligt att retroaktivt tillåta räddningspaketen (just det, de är olagliga just nu). Detta ska vara på plats senast april 2012 (få 27 medlemsländer att ratificera en ändring i lissabonfördraget mitt i skuldkrisen?).
- Kapitalkravet på europeiska banker ökas till 9% vilket kommer kräva att banker håvar in €106 miljarder från europeiska ”medborgarna”.
- Kapitalkravet kommer att kräva att svenska banker håvar in 10 miljarder från svenska skuldslavar.
- och allt detta ska vara klart senast juni 2012
Så svenska skuldslavar… förbered er på lämpligt vis för en räntehöjningar och avgiftshöjningar! Med detta sagt så kommer denna fars med lögner, ursäkter och fortsatta krismöten att pågå året ut (då €1 biljon i räddningspengar och greklands skuldavskrivning inte räcker på långa vägar). Nästa år fortsätter farsen och troligen med minst ett nytt stresstest (LOL). Detta kommer att hålla på fram tills sommaren då alla redan kommer vara blåslagna av all idioti. Vid det laget kommer människor att inse (i stor skala) att det som pågått hittils bara är lögner och charader för att dölja det som verkligen är orsaken till skuldkrisen (ett kollapsande bedrägeri) och vid det laget kommer politikernas tid att försöka lösa det (vilket dom tror sig göra med dessa åtgärder) vara över.
Tills dess, may the farce be with you.
Hör EUs lögnare och diktatorer tala om saken själva:
Källor:
http://www.zerohedge.com/news/here-how-50-greek-haircut-actually-just-28
http://www.zerohedge.com/news/repost-why-%E2%82%AC1-trillion-efsf-not-bazooka-peashooter-and-woefully-inadequate
http://www.bbc.co.uk/news/business-15424323
http://www.telegraph.co.uk/finance/financialcrisis/8851803/European-banks-given-just-eight-months-to-raise-106bn.html
Via Zero Hedge kommer här en serie i fyra delar om finanskrisen. Serien sändes via Al Jazeera men är skapat av det kanadensiska produktionsbolaget CBC. Del 3 & 4 tycks inte vara tillgängliga via Al Jazeeras inbäddade spelare så de körs via Youtube.
Del 1:
Del 2
Del 3
Del 4
Källor:
http://www.zerohedge.com/news/meltdown-part-1-men-who-crashed-world
http://www.zerohedge.com/news/meltdown-part-2-global-financial-tsunami
http://www.zerohedge.com/news/meltdown-part-3-paying-price
http://www.zerohedge.com/news/meltdown-conclusion-after-fall
http://english.aljazeera.net/programmes/meltdown/2011/09/2011914105518615434.html
http://english.aljazeera.net/programmes/meltdown/2011/09/201191713542357406.html
http://english.aljazeera.net/programmes/meltdown/2011/09/201191714104876434.html
http://english.aljazeera.net/programmes/meltdown/2011/09/2011917141938887360.html
Dags för lite humor…
När ECB och EU över huvudtaget försöker stoppa spridningen av skuldkrisen kan det se ut så här
Via Zero Hedge får vi veta att MIT-projektet ”The Billion Prices Project” ”tillfälligt” är nere för underhåll. Nu kan detta vara tillfälligt men givet omständigheterna och händelseutvecklingen i omvärlden så är detta något som vi får följa med stort intresse. Jag har tidigare nämnt detta projekt och det kan beskrivas enligt följande:
The Billion Prices Project is an academic initiative that collects prices from hundreds of online retailers around the world on a daily basis to conduct economic research. We currently monitor daily price fluctuations of ~5 million items sold by ~300 online retailers in more than 70 countries.
This webpage showcases examples of average inflation indexes that we created to illustrate the type of statistical work that can be done with this type of data. Our team is currently working on developing econometric models that leverage the data to forecast future trends and conduct economic research.
Om detta visar sig vara en tillfällighet och tjänsten startar upp igen föreslår jag att ni följer den med intresse för det kan vara en av få indikatorer som man kan lita på (ironiskt nog). Skulle det visa sig vara en permanent nerstängning av tjänsten kan man alltid hoppas på Google-projektet Google Price Index, huruvida DET blir tillförlitligt om och när det släpps återstår att se:
More evidence that Google really is becoming more important than the government these days – the search giant is working on providing inflation data that could act as an alternative to official statistics.
Google is using its vast network of web data on prices to build a Google Price Index, the Financial Times newspaper reports. It’s the brainchild of Google’s chief economist Hal Varian, who stumbled upon the idea when he was looking online to replace a broken pepper grinder. After searching, naturally, on Google Shopping, he began to marvel at the list of prices on offer. “What’s the first thing you want to do if you’re an economist? You want to construct a price index,” he told the FT.
So far, Google’s Price Index is a work in progress and the search giant has yet to decide if it will publish it. It’s also unclear if the tool would only use prices from Google Shopping or prices displayed on other web sites like Amazon.com.
Källor:
http://mfc.elmberg.net/2011/03/17/hur-ska-riksbanken-dolja-kommande-prishojningarna-pa-matvaror/
http://www.zerohedge.com/article/mits-billion-prices-project-gets-axe
http://bpp.mit.edu
http://blogs.forbes.com/parmyolson/2010/10/12/google-price-index-could-give-new-look-at-inflation/
Ojoj, så här får det inte gå till. Detta måste vara en bubbla… en silverbubbla

Vad gäller guld så börjar det i USA talas om någon form av begränsning i innehav eller rentav konfiskering. Hur det kommer se ut inom EU återstår att se. Vi vet vad EU-parlamentariker och EU-kommissionärer går för vad gäller att genomdriva idiotiska beslut så förbered er på lämpligt sätt!
Här är några intressanta artiklar som en läsare (tipstack till Andrée) tipsade om:
Insider Report skriver:
We’ve learned from well known metals analyst and commentator Roger Wiegand, in an email to silver analyst David Morgan which was subsequently published in Morgan’s latest Silver Investor newsletter available only to subscribers, that several of Wiegand’s high level inside sources have reported that the puppeteers behind the US government, 00in order to facilitate a move into a new world currency are considering, or may have already begun moving forward with, a plan to confiscate gold and silver from the American public.
Ännu ett tecken på konfiskering och kraftig reglering av handeln med ädelmetaller (via Zero Hedge) kommer i form av ett lagförslag (läs pdf) där man vill registrera allehanda sorts information från ädelmetallhandlare för transaktioner större än $100. Syftet sägs vara att komma åt fuskande handlare men den förklaringen är ytterst tveksam när man ser vad det är för information de vill åt. Vad sägs om följande som är klippt och skuret från lagförslaget och som för tankarna till något väldigt… fascistiskt:
Every pawnbroker and secondhand dealer doing business in this state shall maintain wherever that business is conducted a record in which shall be legibly written in the English language, at the time of each transaction, the following information:
(a) The signature of the person with whom the transaction is made;
(b) The date of the transaction;
(c) The name of the person or employee or the identification number of the person or employee conducting the transaction, as required by the applicable chief of police or the county’s chief law enforcement officer;
(d) The name, date of birth, sex, height, weight, race, and address and telephone number of the person with whom the transaction is made;
(e) A complete description of the property pledged, bought, or consigned, including the brand name, serial number, model number or name, any initials or engraving, size, pattern, and color or stone or stones, and in the case of firearms, the caliber, barrel length, type of action, and whether it is a pistol, rifle, or shotgun;
(f) The price paid or the amount loaned;
(g) The type and identifying number of identification used by the person with whom the transaction was made, which shall consist of a valid drivers license or identification card issued by any state or two pieces of identification issued by a governmental agency, one of which shall be descriptive of the person identified. At all times, one piece of current government issued picture identification will be required; and
(h) The nature of the transaction, a number identifying the transaction, the store identification as designated by the applicable law enforcement agency, or the name and address of the business and the name of the person or employee, conducting the transaction, and the location of the property.
Jag är inte förvånad att man går så här långt. Historien lär oss att vi inte lär oss något av den, bara upprepar den.
Källor:
http://www.shtfplan.com/precious-metals/insider-report-us-government-will-confiscate-gold-when-it-touches-2000_02182011
http://www.zerohedge.com/article/prepare-give-all-private-data-any-gold-purchase-over-100
Via Zero Hedge:

Must See: Nordea’s Chart Of The Week – Collapsing US Import Demand | zero hedge http://bit.ly/ht3PjR
Vet ej om det är en permanent lösning men för er som följer sajten kan detta vara bra att veta.
Tyler Durden
Through a wholly unfortunate series of events, http://www.zerohedge.com has been moved, indefinitely, to http://www.zerohedge.org When and if we regain control of the zerohedge.com domain, we’ll return to offering service at that location. We assure you the move was in your best interest, and that we will continue to offer you the cutting edge news and analysis you deserve.
Tyler Durden:
Indicatively, when looking at total exchange and OTC traded derivatives, which eventually are converted into some form of credit money, the total tally at last check is just over $1.3 quadrillion. This is about 20 times the total economic output in the world each year. It becomes very clear why the current status quo is unsustainable absent a major global corporate and sovereign liability restructuring: In the bankruptcy business, this process is known as “growing into your balance sheet.” Yet the main reason why the kleptocratic elite has been so opposed to this act is because no debt impairment is possible without eliminating the equity tranche below it. And in an ironic twist in which the Fed supports both the debt and equity markets, there is now about $13 trillion in equity capitalization in the US, which is backed by debt that for all intents and purposes needs to be impaired.As a result, unless stakeholders in the liabilities of corporate America realize that the assets that collateralize these liabilities are woefully insufficient and come to a compromise in which either they alone or in combination with the creditors come to a consensual “restructuring” of the underlying claims, there is no other possible outcome than a free-fall bankruptcy. However, this will not be some Chapter 7 filed in the bankruptcy court of Southern District of New York. This will be the end of the current financial system. This is also what some consider a ”deflationary death spiral.” And yes, no matter how much paper the Fed prints, this outcome is inevitable: All the Fed does through money printing is dilute the claims on both sides of the ledger. The best the Fed could then hope for to counteract the deflationary outcome is to generate hyperinflation through a collapse in the reserve currency (i.e., the Zimbabwe outcome). And since this is far more palatable to the Fed, we believe that one way or another, whether by fire or ice (to paraphrase Robert Frost), the existing, very unstable financial system will reach a point when the global systematic reset is inevitable.
Zero Hedge’s Tyler Durden: The U.S. Is Free Falling Into Bankruptcy http://read.bi/i5Hk0C

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