Economy Rigging 1

….. it is a Dennis the Menace inc. scamarama ding dong do!! May 31, 2010

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IRELAND IS NOT A FREE MARKET – the data and stats and technical expert detail on the facts showing it.

True Economics: Economics 30/05/2010: A gargantuan task ahead


BSK DAILY LOG May 29, 2010

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Dewey, John [The Internet Encyclopedia of Philosophy]



In the Irish Independent, page 3 Business Supplement, on Thursday, 13 May, Alan Dukes tackled the following question:

“Who precisely are the holders of subordinated and senior debt in the bank?”

HIS ANSWER: . . . bonds issued in the international capital markets are bearer bonds. There is no register of holders.

I found this answer extremely disturbing and have been checking this subject today.

Anonymous bearer bonds are the currency of choice for laundering


Mr Dukes, you have a great deal more explaining to do!

David, The issue I have highlighted above is an extremely serious one. You would already be aware that governments discourage the issue of bearer bonds and advocate registered bonds only.

How can we tolerate a situation where a NATIONALISED financial institution chooses to use an instrument which is known to be used for the purposed of evading State taxes? In effect, the chairman of Anglo has confirmed that, among other uses, our taxes will be bailing out tax evaders.

I trust that the Anglo is already acting IN THE NATIONAL INTEREST and declining to honour the coupons presented (by their legal representatives?) on behalf of “bearers”




Whatever Germany does, the euro as we know it is dead – Telegraph




The Good, Bad, and Ugly in Hedge Funds: A Manager’s View – BusinessWeek




An Important Rule of the Empire by Jacob G. Hornberger


BSK jailbreak Daily Log in. May 27, 2010

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BY: Murray N. Rothbard

Mercantilism in England

It was in the 16th century that England began its meteoric rise to the top of the economic and industrial heap. The English Crown in effect tried its best to hobble this development by mercantilist laws and regulations but was thwarted because, for various reasons, the interventionist edicts proved unenforceable.

Raw wool had for several centuries been England’s most important product, and hence its most important export. Wool was shipped largely to Flanders and to Florence to be made into fine cloth. By the early 14th century, the flourishing wool trade had reached a height of an average annual export of 35,000 sacks. The state naturally then entered the picture, taxing, regulating, and restricting.

Mercantilism in England – Murray N. Rothbard – Mises Daily
Read more: Mercantilism in England – Murray N. Rothbard – Mises Daily



The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the collapse of the housing bubble.

It would be difficult to imagine a worse economic disaster. Prior periods of bad performance, like the inflation ridden seventies, look like mild flurries compared to the blizzard of bad economic news in which we are now enmeshed.

None of this is new. People don’t need economists to tell them that times are bad. However, what the public may not recognize is that the same people who caused this disaster are still calling the shots. Specifically, there has been little change in personnel and no acknowledgment of error at the central banks whose incompetence was responsible for the crisis.

The Cult of Subprime Central Bankers


BY: Forbes


Euro Doom –




How the CIA got the world to buy American during the Cold War. – By Ray Fisman – Slate Magazine




The death of the euro? Britain’s hubristic leaders have only themselves to blame, argues Britain’s former ambassador in Bonn | Mail Online



Henry A. Giroux: The Corporate Stranglehold on Education




The Idea of a University: an Essay in Support of Professor Tom Garvin’s Thesis of Grey Philistines Taking Over Our Universities, Jim Mc Kernan, East Carolina « Paddy Healy’s Blog


BSK Daily log in May 24, 2010

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Agreed, the idea of closed systems achilles heel = threshold on implosion from an undiscovered push down force.

This is key, in my viewpoint these natural laws of motion inescapable from even the cleverest of the clever paper money gaming engineers.

And ‘closed systems’ is the inescapable template used by the paper money jokers. Closed systems are all there is to do a paper money scam and this is going to be the undoing of this wholesale banking tyranny debt based paper money system black hole.

The template it uses is destined to become pancaked in its functionality it provides by the informational revolution downward pushing force unleashed by the internet.



On Morgan kelly’s article I reckon it is a thorough thesis on an angle on the overall narrative relating to Ireland and its banking supposed ‘crisis’ and its economic meltdown etc.

But, it misses out on another piece of the puzzle.

Ireland s debts are not to be confused with asset write down debts and gov debts on bonds.

The debts to be considered for real as opposed to non real are and always only private debts which always come with an exact obligation to a lender full stop.

So, an examination of ireland s economic woe’s is best served through the prism of an examination which incurs a separation out of the debts into their assigned debt type category and we go from there.

if we do not do this then the examination on the over all picture on irelands fate will be merely muddled at best and confusing.

Pulling together an analysis of Ireland situation putting the debts in their right boxes from the get go will reduce down any fudging of figures done on the back of debts which are merely accountancy tricks and nebulous and expungable by the stroke of a pen.


But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals. If one or more fail to make the expected progress on cutting budgets, restructuring economies or boosting growth, it could drain confidence in a broad and unsettling way. Credit markets worldwide could lock up and throw the global economy back into recession.

For the average American, that seemingly distant sequence of events could translate into another hit on the 401(k) plan, a lost factory shift if exports to Europe decline and another shock to the banking system that might make it harder to borrow.

“If what happened in Greece were to happen in a large country, it could fundamentally mark our times,” Angelos Pangratis, head of the European Union delegation to the United States, said Friday after a panel discussion on the crisis in Greece sponsored by the Greater Washington Board of Trade.

That local economic development boards are sponsoring panels on government debt in Greece is perhaps proof enough that Europe’s problems are the world’s. That the dominoes can tumble fast was shown Thursday when a new and narrowly drawn stock-trading policy in Germany helped trigger a sell-off on Wall Street.

One false move in Europe could set off global chain reaction


BSK DAILY LOG IN May 22, 2010

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Irelands sovereign debt crisis best defined, by, *private debt as % of GDP*

*private debt* really tells you how much the economy got caught up in a POnzi system/scam

when you borow money you got a real obligation to someone else. Debt owe someone is an absolute obligation.



OPINION: What will sink us, unfortunately but inevitably, are the huge costs of the September 2008 bank bailout, writes MORGAN KELLY

IT IS no longer a question of whether Ireland will go bust, but when. Unlike Greece, our woes do not stem from government debt, but instead from the government’s open-ended guarantee to cover the losses of the banking system out of its citizens’ wallets.

Even under the most optimistic assumptions about government spending cuts and bank losses, by 2012 Ireland will have a worse ratio of debt to national income than the one that is sinking Greece.

On the face of it, Ireland’s debt position does not appear catastrophic. At the start of the year, Ireland’s government debt was two- thirds of GDP: only half the Greek level. (The State also has financial assets equal to a quarter of GDP, but so do most governments, so we will focus on the total debt.)

Because of the economic collapse here, the Government is adding to this debt quite quickly. However, in contrast to its inept handling of the banking crisis, the Government has taken reasonable steps to bring the deficit under control. If all goes to plan we should be looking at a debt of 85 to 90 per cent of GDP by the end of 2012.

This is quite large for a small economy, but it is manageable. Just about. What will sink us, unfortunately but inevitably, are the huge costs of the bank bailout.

We can gain a sobering perspective on the impossible disproportion between the bailout and our economic resources by looking at the US. The government there set aside $700 billion (€557 billion) to buy troubled bank assets, and the final cost to the American taxpayer is about $150 billion. These sound like, and are, astronomical numbers.


BSK DAILY LOG IN May 19, 2010

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I would look at it as more a case of re routing the cash as opposed to it been flushed down the toilet.

The cash is still out there in the ‘insiders’ econ system or flowing back into the ‘outsiders’ econ system one way or the other.

The problem is the cash itself been weaponised as a medium of exchange as diverting the value of labour away from the personage unfairly.


Agree with you there! It’s been touted the economy is being saved for the taxpayer, or the money will yield a return even a profit for taxpayers.

That this is good husbandry of the economy based on what’s best for all. Not at all, this is Rubbish, its been siphoned off taxpayers through so called austerity measures, higher taxes right back into the pockets of bankers and croney insiders, those who drove the economy into the property meltdown wall.

Meanwhile the scam continues while taxpayers are groomed by a tutelage propaganda emanating from Pravda RTE and FF flag wavers in the media.

Lets face it, the croney insiders have sold Irish taxpayers a pig in a poke. They’ve turned our sovereignty upside down, we’re now a vassal state sold into perpetual servitude to their croney bondholders.

Through salaries, pensions, croneyism, political appointments, anti competitive or disaster deals such those done by DDDA or quangos such as DAA anti O Leary deals, insiders get their percentage off the top.

On the positive side, the Emperor has no clothes on. When push comes to shove, the house of cards will fall down.

There should be possibilities then of renewal and rebuilding to improve on if not replace crap that’s led us into this.


-USA gained the power to issue the ‘reserve currency’ of the world, in 1971, replacing Bretton . A seemingly endless credit making system

-Society needs a ‘sovereign monetary system’ NOT a ‘private debt money system.



The paper money fraud only holds its currency if enough people buy into its illusion.

The ‘insider class’ propagate the paper money is wealth.

They use the media and education system and church and community to mind program this hogwash.

The sheeple once mind fu$ed into perceiving paper money as wealth then enter themselves into the labour pool where the value of their labour is stolen from them through them been rewarded for their labours with a counterfeit paper money fraud.

RTE TV3 BBC ALL papers, everything in the mainstream is a paper money fraud brainwashing machine on the sheeple.

The media prop up the paper money illusion by using scare tactics day in day out to scare the flock and hook them onto what they call a ‘worry matrix’.

The worry matrix is the garner of confidence from the sheeple into the paper money scam and so they do not question offering their labours for the counterfeit paper money private banking scam.


DAILY LOG IN May 18, 2010

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Nouriel Roubini, the man whose warnings over the credit crunch were ignored, tells Jon Snow that banks have learned little from the economic crisis and that Europe will probably face a ‘double dip’ recession.

Jon Snow talked with the remarkable professor Nouriel Roubini, the Iranian-American economist who was almost alone in forecasting the crash in all its horror and dubbed ‘Doctor Doom’.

He says we are in a very bad way again – that when to raise interest rates is a very fine judgement but that ideally it will have to be in the next six months and then they may well go on rising.

He warns that there is a “30 or 40 per cent chance” of Europe going into a double dip recession, and that in the next three to five years the Euro zone will be smaller than it currently is and that money alone cannot solve all the problems so, “lots of sacrifices” will be required along the way .

In the interview, which he also covers in his new book Crisis Economics, he warns that the banks have learned little from the economic crisis.

“It’s back to business as usual, lots of leverage, lots of risky investments and return to high profits based on subsidies by the government, bonuses, salaries you name it.

“So we’re planting the seeds of the next financial asset bubble.”

Finally, when asked if we’re out of the recession here in the UK the answer is to the point:

“No. We’re at the new stage of the crisis. Initially the crisis was excessive debt and leverage of the private sector, houses and financial institutions.

“Now we’ve socialised many of the private losses, we’ve put them in the balance sheet of the governments.

“So, this crisis has morphed from private sector debt to public sector debt, that’s why we’re still in the middle of it.”

You can read the interview below or watch the full interview here.


Britain has posted the worst inflation figures for 19 years – are economies being too tolerant of inflation because in effect it gets their debts down?

Certainly, when you’re in a situation which many countries including the UK are running very large budget deficits – and last year almost all of the deficit in this country was financed by the Bank of England by printing money equal to the deficit, so there’s been a monetisation of this deficit – the value of the currency, the pound, has fallen and through this channel there’s been an imported inflation.

Therefore there’s a risk of a rise in inflation in this country and one way of financing fiscal deficit is essentially printing money as opposed to issuing debt.

‘Dr Doom’ warns banks ‘planting seeds’ of crisis – Channel 4 News