Tag Archives: Banking

Banking Reform and Insanity

I’ve just finished reading the proposed and dubiously dubbed Wall Street Reform Act which, if enacted, I am confident has absolutely no hope of addressing the systemic risks or features responsible for the environmental components key to the systems financial melt-down.

What the “Bill” does of course is to illustrate how routinely uninformed and easily manipulated Senators, for example, Mr. Dodd, D-Conn, Mr. Grassley, R-Iowa, Ms. Sens. Amy Klobuchar, D-Minn, and Jeff Merkley, D-Ore , to name but a few, actually are.

More over, grievous errors in practice such as this proposition represent are the very type of miss-adventure the public should be closely watching and strongly object.

Posted in Geo-Finance, Poli-Finance | Tagged , , , , , | Leave a comment

Banking Drives the Markets

As any casual observer will note, there is a great deal of commentary afloat regarding financial reform however conspicuous by its absence is any measure of meaningful and strategic discourse.  Interesting as the subject may be, still behind the political chicanery of Democrat vs. Republican are the respective interests working both sides of the aisle toward a predetermined goal.  Course Title: Political-Economics 101 – American Style! 

I coined a rather unique phrase for this process and I discuss the concept at great length in the Blind-Vision 3 Volume Series; the concept to which I refer is Legislative-Coercion.  It’s a wonderful process whereby influential forces craft a preferential outcome through the use of the legislative process. 

Posted in Geo-Finance, Poli-Econ, Poli-Finance | Tagged , | Leave a comment

Eye on the Ball!

As a study in contrasts,  I find Dr. Krugman a rich source and I enjoy contributing to his dialogue.  Recently he published an article titled “Wall Street Damage Control”  to which I commented.  It appears to have been well received. My regular readers might find the comments of interest. They are reproduced and appeared as follows:

The Presidents comments indicate, at best, both ignorance and detachment.   Ignorance of the Wall Street maize of machinations and detachment from the stark realities of U.S. social dynamics.  

Posted in On Point, Poli-Econ, Poli-Finance | Tagged , , , , , , , | Leave a comment

Iran – Financial Policy of Crisis

Regimes possessing global ambitions love a crisis. The process creates a vacuum whereby quiet intensions may articulate an advantage under the cover of chaos. Throughout history this method is frequently a diversionary tactic often observed in the “Trojan Horse” or “Divide and Conquer” metaphors. 

Not intending the notion of a history exam however the idea does offer a measure of value to exhibit how advantage can be gained from a crisis or how, in the case of a “manufactured crisis”, advantage can be assured.   Take for instance the assassination of Archduke Franz Ferdinand (and his wife Sophia) in 1914.  A tragic moment in time to be sure but on its own, it would seem insignificant as a cause sufficient to trigger what history now refers to as World War I.  What is significant however is that this single incident marks a specific point in time were a series of events which followed find their “cover”.  

Posted in Geo-Finance, Geo-Poli, Poli-Finance | Tagged , , , , , , , , , | Leave a comment

Fixing Reterement, Progressive Style!

There is a fundamental flaw in how the Government approaches retirement and, for that matter, just about everything it processes.  Its typical approach is to present a “Presumption of Cause.” This then becomes its means by which it affects a sort of self-endorsement or perceived legitimacy.  It’s purpose then become not the process of perfecting an environment but one whose desire is to simply further control it.   Then,  as we can see throughout the last 110 years of American History,  its ambitions  become unsustainable failures which then triggers its own summary resolution for addressing the problem it creates which is to simply camouflage the foul by executing further errors in judgment.  This is Progressive Government! You doubt this? The Federal Government is not sufficient proof? Then take a look at the State of California, the poster child for self-destructive gluttony.  No good enough?  Look at the History of Argentina, try the U.K., France, Germany, the Netherlands or Mexico to name a few.  Progressive ideology’s legacy of success!

Posted in In Practice et seq, On Point, Poli-Econ, Poli-Finance, Poli-Philos | Tagged , , , , , , , , , | Leave a comment