Monday, October 27, 2008

Down the Rabbit Hole towards a New Economic Order

Simon Davies and Donald Hunt,

October 27, 2008


World stock markets fell sharply last week, led by Asian and emerging market indexes, which lost as much as 15% of their value. U.S. and British stocks kept their losses to around 5%. The dollar rallied last week against European currencies, and gold fell 7% and oil fell nearly 11% against the dollar.

The markets this week
Previous week's close This week's close Change% change
Gold ($) 787.00730.3056.707.2%
Gold (€)586.79578.508.291.41%
Oil ($) 72.0364.157.8810.94%
Oil (€)53.7150.822.895.38%
$ / €0.7456 / 1.34120.7922 / 1.2624 0.0466 / 0.07886.20% / 5.88%
$ / ₤0.5779 / 1.73040.6290 / 1.5898 0.0511 / 0.1406 8.84% / 8.13%
$ / ¥101.603 / 0.0098 94.318 / 0.0106 7.285 / 0.00087.17% / 8.16%
HANG SENG 14,55412,3732,18114.99%
US Fed Funds 0.50%1.00%0.50%100%
$ 3month 1.02%0.84%0.18%17.65%
$ 10 year 3.92%3.69%0.235.87%

In our last commentary we said we would be taking a trip down the Economic Rabbit Hole and concluded, absent the satire:-
We believe that the current 'crisis' is just one group of shocks in a series that will occur over the days, weeks, months and even years to come. There is a discernible direction in which we are being led. Gordon Brown, Nicholas Sarkozy and George Bush have been busy promoting the need for a "New Bretton Woods". The original "Bretton Woods Agreement" of 1944, concluded in secret after two and a half years of planning, established the framework for the postwar economic order. Pretty much what we see today: an order that concentrated vast wealth in the hands of a very few, resulting in untold suffering, starvation and death for those outside the privileged economies of the west. The essential tenets of this order were dictated by the U.S. as ultimate victor in the Second World War, Europe having been utterly devastated physically and economically. Free trade and free markets were the order of the day as was a 'pegged' currency system with the US dollar as global reserve currency.

The architects of this system sold it to the public by claiming that it would spread the benefits of free market capitalism to all, with the U.S. as the benign parent. The reality was of course quite different; the U.S. exerted its dominance over Europe and much of the developing world, used its military might to suppress and destroy all who stood in its way, and used its economic power and far ranging intelligence apparatus to maintain this new imperialism at the cost of slavery, supression and slaughter for millions. Beyond the CIA's jackboot falling across Latin America and much of Asia, the IMF and the World Bank, supposedly tasked with the alleviation of poverty, was in fact used as a poverty creator and raper of nations.

The realities of the Bretton Woods order were carefully hidden from the public in the West, and so it will be this time also. Grand schemes will be wrapped in grander words, all of them hollow and behind them the rolling juggernaut of free market capitalist hell, a slavery for the entire globe and all who live upon it with a tiny elite sitting on the top of the heap.

However these things are always dynamic, always morphing and changing to meet the tides and currents of the time. Nothing is set in stone. So while building this New Economic World Order, the positions of the players are by no means certain. The goal is Global Economic Hegemony within the New Economic World Order. On the one hand we should expect to see the world's leaders making fine speeches on the need for global cooperation while on the other seeking to strengthen their own positions.

We believe that the race to recapitalise banks far beyond what is needed today, the hype and panic that is being spread, the time bombs that are the derivatives market and hedge funds, and the rush to change accounting standards are all part of a hurried positioning of the players.
Who runs the World?

Before delving into the murk please consider how you would answer the question, "Who runs the world?"

The short answer is "Bankers". Key to our entire system of existence is money and the control of money, for through the control of money comes control of the affairs of man. Bankers control money therefore bankers control mankind. It really is that simple when you boil it down.

The world's first intelligence networks were private networks established to ensure that bankers had access to information faster than anybody else. One of the most famous of these networks was the Rothschild network; so successful that Nathan Rothschild was able to fool the participants in the London stock market that England has lost the Battle of Waterloo (when he knew before anybody else that they had in fact won) that the price of bonds fell through the floor at which point Rothschild financial agents bought them all up just prior to their value rocketing when it was discovered that England had in fact won that famous battle.

Nothing has changed. Most people live under the illusion that the world's intelligence agencies work for the state and that the state works for the people. Nothing could be further from the truth. The state is the public means by which the ruling elite (banking/corporate) exercise their power over the people and amass great wealth, intelligence agencies are the private means by which the same ends are achieved. If you doubt this fact then you haven't been paying attention to the real effects of the action of your government and its agencies. The CIA was even established on the funds provided by a select group of wealthy Americans.

If you're reading this you probably already know this. The problems come when examining who the Bankers are and how they exert their control. Needless to say, a great deal of the confusion is deliberately generated so as to obfuscate the truth.

Throughout history, bankers have formed circles and clubs around them, the present is no different. The members of these circles, of which there are inner, intermediate and outer, some interlocking some not, are bound by common values and psychology (psychopathy and characteropathy) , by blood, inheritance, education, history, money and ultimately of course, power and the desire to retain it absolutely. Carroll Quigley the highly respected historian, detailed the many aspects of this web in his extraordinary Tragedy & Hope and The Anglo-American Establishment.

The members of the inner circles are hardly ever seen in public life and generally do not hold public office. Our presidents, prime ministers, government ministers, politicians, business leaders, banking heads and other public figures belong to the intermediate and outer circles. They might migrate inwards but only after leaving public office.

By their very nature these circles are secret and the members, particularly of the inner circles, known only to a few. With whom the ultimate power lies is a matter of much debate. While there are undoubtedly those whose families have remained at the top for many generations, membership is not necessarily perpetual; there are always challenges and always intense competition especially at the lower levels. For members or 'players' to rise through the layers they have to be cunning, ruthless and ultimately, survivors. To retain power the members of the elite have to always 'be in the game'. It is crucial to understand that while we are all excluded from these circles such that they may seem like a cozy club from the outside; on the inside the competition is intense. What we see on the world stage is the result of these competing forces. While the general direction has been agreed upon by the members of the inner circles of power, the details are always being fought out between themselves at the highest, strategic level, and between the members of the intermediate and outer circles at the tactical, territorial level. This is exactly what is happening with the current "financial crisis".

Anybody who has seen the inner workings of a global corporation or bank will attest to the manifestation of these two forces within such organizations. The 80's American TV show 'Dallas' is another good example -- the Ewings were at each other's throats all the time but were impenetrable and cohesive when any outside threat arose.

The Bank for International Settlements

The first level at which the public sees power being exercised upon the world stage is through the Bilderberg Group, the Trilateral Commission, the Council on Foreign Relations, the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS).

While the above organisations have an official public face much of their activity remains shrouded in secrecy or obfuscated. Even the public face of one of these, the Bank for International Settlements (BIS) gives a good idea of the extent of its reach and influence.

The BIS, headquartered in Basel, Switzerland, is the world's oldest international financial organisation. It fosters international monetary and financial cooperation and serves as a bank for central banks. The 'Members' of the BIS are the central banks or monetary authorities of 55 nations (see list here) including the Fed, European Central Bank, Bank of England, Bank of France and Bank of Japan. The BIS holds regular (at least every two months) meetings of the heads and senior officials of all the members central banks. In their own words,

...these gatherings provide an opportunity for participants to discuss the world economy and financial markets, ..[ ] The main result of these meetings is an improved understanding by participants of the developments, challenges and policies affecting various countries or markets. An atmosphere of openness, frankness and informality amongst participants is critical..

Other meetings of senior central bank officials focus on the conduct of monetary policy, the surveillance of international financial markets and central bank governance issues.
The BIS promotes monetary and financial stability as a key objective. To achieve that objective, the BIS has a series of committees including ones on Banking Supervision (i.e. regulation), Global Financial Systems, Financial Markets and Financial Stability.

Now is not the time to go into the details of how these various committees operate, the technical details of the global financial system that they have established and oversee and, how they relate to each other. Just the committee names give one a sufficient idea as to the scope and breadth of banking and financial market activity they cover.

What must be stressed is that these committees are not just talk shops; they produce the rules that govern the world's banking system, rules that carry the weight of law in may cases.

If you are in any doubt as to the power of the BIS, consider the fact that it is without doubt one of the single most powerful organisations on earth and yet, until now, you may well not have known of its existence. In all the excitement of this 'crisis' you'd have thought somebody might have mentioned it.

Politicians and their words

When considering where all this is headed it is essential to remember the fundamental truth that the banking, political and social elites lie. They lie all the time; lies drip from their mouths, through their television and through their press. They lie effortlessly and they don't give a damn. Mendacity is their trademark. We urge you to remember this with all your heart - whatever you hear from any of these people is lies. When fragments of what they say are true, know that it is only for expediency and will no doubt come wrapped in, or wrapped around a lie.

Gordon Brown, writing in the Washington Post on Friday 17th October was able to promote his ideas directly to the American people - quite a unique opportunity:-

This is a defining moment for the world .....
[ ]

At the end of World War II, American and European visionaries built a new international economic order and formed the International Monetary Fund, the World Bank and a world trade body. .......... Such was the impact of what they did for their day and age that Secretary of State Dean Acheson spoke of being "present at the creation."
Quite a creation it was as well. But what was it that Dean Acheson was so proud of being present at the creation of? We are asked to believe that it was a new order of peace and prosperity but, aside from a privileged few, for most of the earth's population it was to prove to be neither peaceful nor prosperous. Might he have been referring to the creation of a system that had been in the minds of powerful men for tens if not hundreds of years, a system designed to accrue immeasurable wealth into a few, select hands?

The British Prime Minister continues:-
Today, the same sort of visionary internationalism is needed to resolve the crises and challenges...

The old postwar international financial institutions are out of date. They have to be rebuilt for a wholly new era in which there is global, not national, competition and open, not closed, economies. International flows of capital are so big they can overwhelm individual governments. And trust, the most precious asset of all, has been eroded.
[ ]

Confidence about the future is vital to building confidence for today. We must deal with more than the symptoms of the current crisis. We have to tackle the root causes. So the next stage is to rebuild our fractured international financial system.

[...] European leaders .... propose the guiding principles that ... should underpin this new Bretton Woods: transparency, sound banking, responsibility, integrity and global governance..... to root out the irresponsible and often undisclosed lending .... To do this, we need cross-border supervision of financial institutions; shared global standards for accounting and regulation; a more responsible approach to executive remuneration .... and the renewal of our international institutions to make them effective early-warning systems for the world economy. [...]

It is important, too, that in the international leaders' meeting that has been proposed we seek a world trade agreement and reject the beggar-thy-neighbor protectionism .... We are all in this together, and we can only resolve this crisis together. ......2008 will be remembered not just as a year of financial crisis but as the year we started to build the world anew.
Brown's speech is full of lies, some designed to placate the public, others to justify the plans that he and his partners in crime have in the background. Brown is lying when he says that we need cross-border supervision of financial institutions and shared global standards for accounting and regulation. We already have these but they have been systematically emasculated.

"Cross-border supervision of financial institutions"? If according to Brown this is needed, then what purpose does the BIS committee on Banking Supervision serve? It is important to know that in the past ten years this committee has facilitated two major changes in how big banks are run; it has allowed them to raise capital using new methods that bypass the old requirements resulting in a form of "capital-lite" while also allowing a reduction in the amount of capital banks had to have to hold assets. The effect of these two changes has been to artificially increase the capital banks have and to enable them to take on more risk for any given amount of capital. The result was that banks grew massively on the back of massive increases in real risk, risks that have come home to roost. If you are looking for a reason why banks need billions of your tax dollars to keep them afloat, these two changes are among the top culprits.

So when Brown says we need "cross-border supervision of financial institutions" he is indeed lying. It is not the lack of supervision that caused the problem but the rules and structure of the existing supervision; rules and structures established by the very central banks that are saying they "had no idea" how this crisis could have happened.

"Shared global standards for accounting and regulation"? Last week we showed how the entire basis of accounting used by financial institutions, "mark-to-market", is being suspended and watered down. We showed how this accounting method contributed to the explosive growth in profits and therefore wealth for the 'winners' and yet, now the crisis has been initiated it is being globally removed to suit the Powers That Be. So Brown is lying again, we already have global accounting standards and two global accounting bodies (FASB and IASB). Brown's own government is active in changing one of those standards as we speak. Pretty much the same is true of global regulation.

Thrown into the mix of Brown's "New Economic World Order" we find... "visionary internationalism... postwar international financial institutions are out of date... flows of capital are so big they can overwhelm individual governments... the next stage is to rebuild our fractured international financial system.... we seek a world trade agreement and reject the beggar-thy-neighbor protectionism..." this new Bretton Woods is supposed to provide "transparency, sound banking, responsibility, integrity and global governance."

Just what the current 'crisis' has to do with world trade agreements is anyone's guess. Admittedly, the globalists suffered a serious defeat in the last round of international trade talks when the emerging market and developing nations refused to be humiliated once again, so getting what they want through the backdoor would be an opportunity too good to miss.

Bretton Woods

Before we move on to what the other characters in this tragedy have been saying it is worth remembering a few things about the original Bretton Woods, officially called the United Nations Monetary and Financial Conference:-

1. It was a currency system at its root.

2. It was dominated by the U.S. and the U.S. dollar became the reserve currency of the world, backed by gold. Other currencies were 'pegged' to the dollar - in other words, they were meant to stay at the same exchange rate.

3. History has it that there was an ideological struggle between the Europeans who wanted to see a form of managed, interventionist capitalism and the U.S. which wanted pure free market capitalism. The U.S. won.

4. The IMF and the World Bank were established under the guise of alleviating poverty and assisting in development. The track record of both has show that they create poverty and act solely for the benefit of international corporations and the western governments run by those corporations.

5. Resolution 5 of the Bretton Woods conference called for the dissolution of the Bank of International Settlements but was subsequently just ignored.
The last two weeks has seen a plethora of comments from Western political and business leaders seeking to impress upon us that they are working hard to solve the crisis and that the forthcoming meeting "in the Washington area" on November 15th will herald a brave new world.

Sarkozy [ ] went beyond calls by fellow European leaders ........ saying governments need to consider re-anchoring currencies, the hallmark of the original Bretton Woods agreement.

French President Nicolas Sarkozy said he and European Commission President Jose Manuel Barroso would travel to meet U.S. President George W. Bush on Saturday to help prepare for a summit that would decide on a "refoundation of capitalism".
[ ]
Sarkozy said he had asked the EU executive to look into whether the European auto sector needed help, given it was being asked to build greener cars at a time when the United States was supplying cheap loans to its big three car makers.

Brown joined Sarkozy's call for the global summit to rebuild the International Monetary Fund (IMF) as the keystone of global market regulation.

"Insofar as the crisis began in New York, then the global solution must be found to this crisis in New York,"

Sarkozy has floated the idea of reforming rating agencies and even exploring the future of currency systems.
[ ]

Sarkozy also stressed the urgency of what he said was a "worldwide crisis" that demands a "worldwide solution."
[ ]

He said he agreed with Bush's view that reforms not challenge the foundations of market economics. But he added: "We cannot continue along the same lines because the same problems will trigger the same disasters."

He said hedge funds and tax havens cannot continue to operate as they have in the past; financial institutions cannot continue without supervisory control.

"This is no longer acceptable," Sarkozy said. "This is no longer possible. ... This sort of capitalism is a betrayal of the sort of capitalism we believe in."

"Another subject in tomorrow's world is that of the great currencies. How many should there be? What should the agreement between these great currencies be? Should we organize a discussion? Should a country like India one day have a global currency?" Sarkozy told a news conference.

US President Bush, looking for answers to an economic emergency ..... will host an international summit to discuss ways to fix the world financial system but warned .....against reforms that threaten capitalism.

"We will work to strengthen and modernize our nations' financial systems so we can help ensure that this crisis doesn't happen again,"
[ ]

Bush ...........hasn't signed on to the more ambitious, broad-stroke reforms that some European leaders have in mind to avoid a repeat of the market crisis that rippled around the globe.
[ ]

"As we make the regulatory and institutional changes necessary to avoid a repeat of this crisis, it is essential that we preserve the foundations of democratic capitalism -- a commitment to free markets, free enterprise, and free trade," Bush said. "We must resist the dangerous temptation of economic isolationism and continue the policies of open markets that have lifted standards of living and helped millions of people escape poverty around the world."

As a first step, German Chancellor Angela Merkel told reporters, national central bank governors will meet at least once a month to exchange information on financial supervision
EU representatives

The statement called for the first time for a coordinated system of financial supervision at EU level and the creation of a crisis cell to help manage the financial turmoil.
[ ]

Barroso said it was time for the entire international financial system to be reformed.
"We need a new global financial order," he said. "The European Union and the US, we can make a difference together."

"European Central Bank council member Ewald Nowotny said a ''tri-polar'' global currency system is developing between Asia, Europe and the U.S. and that he's skeptical the U.S. dollar's centrality can be revived."
Yet again we see these politicians strenuously avoiding the fact that there is an existing banking and financial markets supervision structure already in operation and that central bankers do meet regularly at the Bank for International Settlements. Sarkozy and Brown went so far as to propose that the IMF become a supervisory authority. As for a suggestion that an early warning system needs to be put in place, please hand the sick bag. Numerous people have been predicting this crash. has been warning about the forthcoming crash for years. International investment banker, 'John', in a podcast 3 ½ years ago predicted this very crash - if and numerous internet commentators knew are we expected to believe that the people running the system did not?

In an interesting coincidence, Malcolm Knight, General Manager of the BIS resigned 30th June 2008 and hasn't been replaced [] and thus the top job at the world's de facto central bank remains open.

Talking of coincidences, the timing of this 'crisis' is remarkable when considering the pivotal role that Nicholas Sarkozy, President of France and 'Prince of Paris' is playing in the forming of the global agenda towards the new 'Bretton Woods' or New Economic World Order. Sarkozy is notorious for being the first French President to have a strongly right-wing political agenda that aligns with the U.S. neo-conservative agenda and the dubious distinction of being Bush's obedient 'puppy' in Europe following the abdication of that role by Tony Blair in 2006. That the 'crisis' should occur while France holds the rotating European Presidency might seem 'opportune'. Had it occurred before 30th June 2008, it would be Slovenia that held the EU Presidency; while after 31st December 2008 it would have been the Czech Republic.

Not to worry, these things just happen that way don't they? So it is that it's a very energetic Mr. Sarkozy we need to pay attention to. The week before last, on Wednesday and Thursday he attended the European Council meeting in Brussels, on Friday he was in Quebec with Canadian Prime Minster Stephen Harper and Saturday saw him with President Bush at Camp David. Jose Manuel Barroso, the President of the European Commission was at all three meetings also.

This week, while in Beijing for a meeting between EU leaders and 16 Asian nations including China and India, we are told he is seeking a more Gaullist approach to the New Economic World Order. He has called an EU meeting for November 7th, a week before the 'crisis' meeting in the US.

It seems to us that Sarkozy is both playing a pre-assigned role to create the illusion of there being an ideological battle while also seeking to protect his own camp, hence his new sovereign wealth fund, an idea that should warn us all that much worse is to come in this 'crisis'.

New Economic World Order

What is needed is not a new currency system although that is the focus of much rhetoric as we have seen What was needed these past 20 years was a properly regulated and accountable financial sector. That we do not have one is not an accident of fate but rather of deliberate policy. Greenspan can claim he has had his epiphany but that doesn't cut any ice; his policies were deliberate and adroit, calculated to produce the very results they have. Deregulation and no regulation in banking lead inevitably to excess. Excess driven by greed. Boom and bust.

All manner of things will be slipped past us as those members of the circles of power seek advantage between each other and dominion over us. So what do we see on the horizon?

We have an apparent building of differing philosophical camps; Europeans want what their predecessors wanted at Bretton Woods, a regulated interventionist capitalism and the Americans wanting business as usual, free markets, free enterprise and free trade. The US position will win although there will be a sop to the European position which will not control the powerful but will further reduce the freedoms of normal people. There will be further restrictions, intrusions and limitations into our private finances.

There will be some form of new currency arrangement. Ultimately, to have such an arrangement a reserve currency will be needed. This is where things will get very interesting and where much of the current positioning is aimed. The two obvious candidates for reserve currency status are the US dollar and the Euro, although some commentators have suggested that the Chinese Yuan might be better than either of those. Perhaps the recent tumbling in value of the Euro and the British Pound are in preparation for exchange rates being fixed in the not too distant future. There is much speculation about there being a new North American currency the Amero. At this stage we don't see there being sufficient stress in the currency markets to swing a new currency on a single region nor the time available as new real currencies tend to take a long time to be brought in; just look at the history of the Euro with the imposition of convergence criteria and IMF style budget restraints.

All the talk of current institutions being insufficient to manage global affairs and of individual countries being swamped by capital movements suggests to us that there is a move afoot to bring in a global central bank; and not the BIS which would remain in the background, at least for the time being. This might be achieved via some sort of reform of the IMF but we doubt it. Initially a committee of leading central banks might be formed, whose recommendations will be the forming of a new global central bank. The resounding silence on the existence of the Bank for International Settlements is unsettling in this regard as it could easily fulfill such a role, perhaps the time is not right which suggests to us that there is greater turmoil down the road. The real power behind the throne wishes to always remain in the background so turmoil and suffering can never blamed on it.

With this in mind, there is an option which has not been considered elsewhere, a new global virtual currency. This would require a global central bank. The system might work like this:-

The new global currency ('Globo') would not be available as cash and would not be available to mere mortals, in just the same way that under Bretton Woods the U.S. dollar was exchangeable into gold but only for central banks not for individuals or companies.

The exchange rate for all currencies vis-a-vis the 'Globo' would be allowed to move only within a narrow band.

In due course international trade and government borrowing would take place in the 'Globo' and eventually all our bank accounts and credit/debit cards would move to the same system.

There would never be any 'Globo' cash, it would always be virtual.
A cashless society seems to be a perfect solution to those that wish to lock down the last meager vestiges of freedom that remain but it may be a while coming.

In the meantime, while insane, it is just possible that the U.S. dollar will be re-instituted as the world's reserve currency. The fact that the U.S. is bankrupt and the dollar isn't worth a dime is exactly the point. These very facts would result, inevitably, in a new and bigger financial crisis which is exactly what would be needed to push through a scheme like our theorized 'Globo'. Remember that all power rests in the hands of those that control money and all power is what is at stake in building this New Economic World Order.

Might it be that the U.S. dollar's recent steep appreciation (note that Sarkozy said he thought the Euro was 30% over valued just a few months ago) and the flight of money to US Treasuries are in preparation for such a move? It would sure keep China and Japan, as holders of nearly $3 trillion is US Treasuries, happy and make the U.S. the world's economic super-power for a while longer.

Whatever happens, it seems that we should expect at the very least some sort of currency bloc system to develop, if not a full return to a global reserve currency. Events might move sufficiently fast and each new crisis may be so dramatic that a 'Globo' type system may be here sooner than we can conceive possible at this time. Justifications might include the widespread use of cash in the 'black economies' that will develop as these crises deepen coupled with Weimar Republic style hyper-inflation or massive deflation as cash becomes rare. Either option is open to our banking masters.

Somewhere in the new mix will be something to do with gold. The fall in the 'market' value of gold goes against all previous financial reason. The world's financial system is in the process of collapsing and we see gold falling. That this is manipulated is beyond question. But why manipulate gold? Might it be that, just as in previous crises gold will be used to back a reserve currency, confiscated or subject to mandatory purchase at a fixed 'market' price, or perhaps all three?

That there will be new or revamped international institutions seems inevitable. That these institutions will serve only the banking and corporate elite is also inevitable. We can also expect to see existing anti-money laundering, anti-terrorism and anti-corruption laws used to enforce the New Economic World Order. We were told those laws were designed to prevent drug dealers from laundering money, protect us from terrorism and prevent corruption. Yet, the world's biggest drug dealers are the intelligence agencies (does anyone really think that the most powerful people on earth were going to leave a multi-billion dollar business to other people?); the world's greatest terrorists are our own governments, their standing armies, their mercenary armies and their secret armies and the entire system in which we live is corrupted to its core. So then what is the purpose of these laws? They can only be for use against us, the normal, non-psychopathic, people of the world.

We hoped you enjoyed this little journey down the Economic Rabbit Hole and that it has left you with the impression that all is certainly NOT what it seems and that this engineered financial crisis is neither 'natural' nor happening in isolation. As is famously attributed to Franklin D. Roosevelt, "In politics, nothing happens by accident, if something happens, it was meant to happen". The same can be said of global finance.

Labels: , ,


Blogger paul said...

Magnificent, if not entirely comforting reading.

3:50 AM  
Blogger tigs said...

wow! Read this and weep! Can this somehow get front page in world newspapers? Us ordinary people have known for months that smoke, mirrors, lies and deception have been the staple media diet. We clamour for transparency and truth-in light of this magnificent work, we will never has such things!

We all know we are being treated like mushrooms, and are very angry about it, also frustrated there is nothing we can do. We are completely powerless! Think I'll apply for that job vacancy ....might have more chance of a decent living wage!

4:10 AM  
Blogger smartart said...

Few individual humans - if any - mature in a lifetime. We have created a global kindergarten, without proper supervision.

I suspect money cannot be understood in third or forth order, derived forms. Hence trades are made that are outside logic.

4:13 PM  
Blogger Alexander said...

By the way, most people in finance can't do basic Maths and fail to count 4 times 35 in their mind (I mean those who work with billions.... by the way) and you say derived froms. You must be kidding. These people lack simple skills. Some 8 year-olds count better.

3:19 PM  

Post a Comment

<< Home