March 2009
18 posts
4 tags
Best comments about "The Day The Dollar Falls" so...
The Dutch documentary I’ve uploaded some weeks ago has received a lot of nice comments;
Here is quiet a amusing selection and refelcts the mood of everyday people.
“I tell you once again. I have nothing against people. Secondly at this time I have even nothing against US government, because he is not the one who plays this games. Top banks and Wall Street riches have guilt for this...
“We should all expect a fairly turbulent journey.”
– Dr Peter Jackson, Senior Director for Oil Industry Activity at Cambridge Energy Research Associates about the question of long term oil supply. (Source)
Dear (US) Congress,FSC, FED, Treasury, Govt, u...
I recently wrote a rant about the retention-payment-situation at AIG.
Now we got the answer.
Thanks to everyone who (Obama, our beloved journalism, Congress members and the FSC) turned the heat on and didn’t intervene with his name (Mr Geithner or Bernanke or Obama could have clarified the situation and calm down things) for the sake of the task and AIG itself (to unwind AIGFP and return...
The Day The Dollar Falls -or- the Dollar is...
One historic way of getting yourself out of this situation — or trying to — is to inflate. Either you do it deliberately or you allow it to happen,” [Vlocker] said. “And if we permit that to happen then I think all these dollars will come tumbling down on us.” … (Source)
I have uploaded some days ago a documentary about the Dollar from 2005. It is basically economic scenario planning. The...
1 tag
RE: Rep. Barney Frank Questions AIG's CEO Ed Liddy...
Mr Liddy (AIG) was at a FSC (Financial Service Committee) hearing this week regarding that $165m bonus retention payments. AIGFP employees received no bonuses b/c they made no profit. Period. Thus all payments are for retaining important employees to wind down the company. And I can’t understand that Mr Frank still uses bonuses in the conversation after he was reminded of the fact by Mr...
“[T]o the assembled educators — you owe it to the next generations, who you...”
– If you don’t like the news, go out and make some of your own. — Dave Winer, pioneered the development of weblogs.
1 tag
“During his senior year of college, Summers was considering graduate school in...”
– Interview (The New Republic) with Lawrence H. Summers. Currently serving as Director of the White House’s National Economic Council for President Barack Obama.
1 tag
WHY DO WE FUCKING BAILOUT BANKS WHEN THEY ARE... →
A whistle in the air about a new world currency...
… a tool to restore financial markets. “[W]hatever action is necessary”. The G20 Finance Ministers released a paper to re-affirm that they are doing something and that they are preparing for the next G20 meeting in April 2nd (London). And the action plan (PDF), formed in Washington some months ago (15th of Nov 08), will/is be(ing) processed and will be expanded (as there is...
Being able to buy with a credit card does not mean...
America is not wealthy! Period. A credit card is not a liquid asset, it is a loan you take out and have to pay back at the end of the month in full (in theory). Thus it is a illiquid asset.
What Peter Schiff is talking about (VLog) is right! When 2/3 of your GDP consists of consumption - the intended modern market model [from Keynes] (Income/Savings/Consumption - Savings go into Investments &...
Just for your awareness! Big party everywhere 28th...
‘Many European Attacs (Attac Group) are mobilizing for protests on the 28th of March on the eve of the next G20 meeting to fight for real alternatives! There will be demonstrations in Austria (http://www.28maerz.at/), Germany (http://www.28maerz.de/), France (http://www.stop-g20.org/), Great Britain (http://www.putpeoplefirst.org.uk/).’
Here is the FB Group. I am curious whether they...
Interested in saving your fortunes? In case you...
Well, Peter Schiff argued all along for gold against the masses who said the Dollar is a world currency, foreigners love our Dollar and will continue. But now that quantitative easing is ON - to get the major economies going again - the masses (or some who remained conscious) flock to the hard currency.
“The size of the Fed’s balance sheet is exploding and the currency is being debased. Our...
The recession a lesson for journalism. Ask the...
How does Mr. Roubini think the media has covered the financial crisis? “The problem,” he says — after first stating to me that he intends “no offense!” — “is that in the bubble years, everyone becomes a cheerleader, including the media. This is the time when journalists should be asking tough questions, and I think there was a failure there. The Masters...
“[S]cholars hate politicians, and that politicians hate scholars. But scholars...”
– Interview with Heizo Takenaka on Newsweek Business while acting as economic reformer in Japan. He was asked what he learned in his career from academic to bureaucrat to politician.
“A central bank can “lead a horse to water but cannot make him drink”.”
– Paul Samuelson, Economics, 1st Ed. 1948, pp. 353-354.
Best sign of success "banks replace public capital...
Here is a statement (YouTube Video) from U.S. Federal Reserve Chairman Ben Bernanke on the Senate Banking Committee Q&A. Saying what every economist can conclude [agree] what a sign of success is.
And what did I wrote about yesterday?
Pretty much what we hope for - that private capital is coming back to the market after everyone left Wall Street. But it is far from over. I can guess that we...
Ex-Leaders of Countrywide Profit From Bad Loans (I...
This story about an Ex-Countrywide Financial Exec and his startup is so ironic and iconic at the same time. Grassroots approach & Entrepreneurship = WIN!
What the government can not fix [or wants to do] has to fix the system itself. Because it has already the tools.
And all the current talk about the New New Deal (the stimulus package of the current administration), FDR, and the Great...
A foundation for successful managers and leaders...
in business, is to ask the right questions.
“And they appreciate his [Ram Charan] talent for getting to the nub of a problem quickly. “He’s one of the best question-askers I’ve ever been around,” says Tom Lynch, the boss of Tyco Electronics, which counts Mr Charan as one of its board members. Noel Tichy, a professor at the University of Michigan’s Ross School of Business who has worked...
