The Banker

[traderman1]

Chilling to watch ! A slow start but well worth watching

http://www.youtube.com/watch?v=peX4dBEF0Vg&feature=player_embedded

 

[traderman1]

IMF chief Dominique Strauss-Kahn urges leaders to cede more sovereignty to EU
European nations need to cede more of their sovereignty and hand greater powers to the centre to avoid future crises, the head of the International Monetary Fund has said.

http://www.telegraph.co.uk/finance/...s-leaders-to-cede-more-sovereignty-to-EU.html

 

[traderman1]

IMF chief Dominique Strauss-Kahn urges leaders to cede more sovereignty to EU
European nations need to cede more of their sovereignty and hand greater powers to the centre to avoid future crises, the head of the International Monetary Fund has said.

http://www.telegraph.co.uk/finance/...s-leaders-to-cede-more-sovereignty-to-EU.html

As expected, Ireland has now given up their financial controls to the EU bankers. They join Greece in this disgraceful theft of sovereignty.
Portugal will be next, followed by Spain.

 

[traderman1]

As expected, Ireland has now given up their financial controls to the EU bankers. They join Greece in this disgraceful theft of sovereignty.
Portugal will be next, followed by Spain.

Less than 24 hours later.....

The Prime Minister of Portugal has just said ""The country does not need any help... There is no reason to have a lack of confidence over Portugal."

Echoes of Irelands "We don't need a bailout"

 

[traderman1]

Spain is racing against Portugal to be next in line for a bail-out.

"The spread between yields on benchmark 10-year Spanish bonds and German bunds rose on Tuesday to 223 basis points, the highest since a euro-era peak hit in June".

The collateral damage of this crashing of the EU is coming soon.
PS Goldman Sachs is massively short the Euro.

 

[traderman1]

Spanish Prime Minister Jose Luis Rodriguez Zapatero said there was "absolutely" no chance Spain would need to seek outside help to manage its finances.

During an interview with RAC1 radio, he said that investors should think twice about betting against Spain and "Those who are taking short positions against Spain are going to be mistaken".

The premium on Spanish government bonds over benchmark German debt then hit a new euro-lifetime high on Friday.

This Euro debt problem is a slow moving train wreck that will get much worse as time goes on. The EU bureaucrats/fat cats don't care, it is just a ego driven power game to them.

 

[traderman1]

The collateral damage of this crashing of the EU is coming soon.
PS Goldman Sachs is massively short the Euro.

In an interview with The Sunday Telegraph, the new chairman of Goldman's Asset Management division (Jim O'Neill) revealed that the euro should carry a "risk premium" and that it was over-valued by at least 10pc.
Goldman Sachs Asset Management (GSAM) manages $823bn in funds

 

[traderman1]

ECB President Jean-Claude Trichet said investors are underestimating policy-makers' determination to shore up the eurozone

In other words, he and the other EU bureaucrats/fat cats will progressively destroy the sovereignty and economies of each member of the EU until the EU bureaucrats/fat cats get what they want.

 

[traderman1]

Portugals Central Bank has said today that Portugal banks face 'intolerable' risk unless austerity measures are implemented "The risk will become intolerable if we do not see the implementation of measures that consolidate public finances in a credible and sustainable way," the central bank said.

This is just days after The Prime Minister of Portugal said ""The country does not need any help... There is no reason to have a lack of confidence over Portugal."

The EU edifice is slowly falling over.

 

[traderman1]

There are rumours that Portugal will accept a bailout by mid February. Forced on them by the ECB gangsters

 

[traderman1]

' The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade ', according to the World Economic Forum.
http://www.telegraph.co.uk/finance/...on-more-credit-says-World-Economic-Forum.html

Unbelievable what these clowns will recommend to politicians.

 

[traderman1]

'I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.'
Thomas Jefferson (third President of the United States)

'Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile... Once a nation parts with control of its credit, it matters not who makes the nation's laws... USURY ONCE IN CONTROL WILL WRECK ANY NATION.'
William Lyon Mackenzie King (Tenth Prime Minister of Canada)

'Banking was conceived in iniquity and born in sin... Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of the pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to be the slaves of the bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.'
Sir Josiah Stamp (GOVERNOR OF THE BANK OF ENGLAND IN THE 1920s).

 

[traderman1]

"The marvel of all history is the patience with which men and women submit to burdens unnecessarily laid upon them by their governments."
~ George Washington

 

[Tantalos]

So you like or hate banker??

'I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.'
Thomas Jefferson (third President of the United States)

'Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile... Once a nation parts with control of its credit, it matters not who makes the nation's laws... USURY ONCE IN CONTROL WILL WRECK ANY NATION.'
William Lyon Mackenzie King (Tenth Prime Minister of Canada)

'Banking was conceived in iniquity and born in sin... Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of the pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to be the slaves of the bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.'
Sir Josiah Stamp (GOVERNOR OF THE BANK OF ENGLAND IN THE 1920s).

 

[traderman1]

So you like or hate banker??

The ongoing Financial Crisis from 2008 has caused enormous losses to ordinary people in every corner of the world. It was caused by an ideology of unrestrained greed, turbocharged by unregulated financial markets with obscene remuneration packages that maximised risk with no regard whatsoever to the impact of their behaviour on ordinary investors.
Furthermore, no Government, Central Bank or Court in any country has done anything about preventing a repeat of the situation.

 

[spreader_legger]

How does posting in such a forum help?

You sure you ain't just wasting your time here?

The ongoing Financial Crisis from 2008 has caused enormous losses to ordinary people in every corner of the world. It was caused by an ideology of unrestrained greed, turbocharged by unregulated financial markets with obscene remuneration packages that maximised risk with no regard whatsoever to the impact of their behaviour on ordinary investors.
Furthermore, no Government, Central Bank or Court in any country has done anything about preventing a repeat of the situation.

 

[montmorencyt2w]

Perhaps he is massively short the Euro himself.

 

[traderman1]

Less than 24 hours later.....

The Prime Minister of Portugal has just said ""The country does not need any help... There is no reason to have a lack of confidence over Portugal."

Echoes of Irelands "We don't need a bailout"

Portugal has now accepted a bailout.
Spain will be next.
Then the defaults by Greece, Ireland, Portugal and Spain will occur.