Tag: "BANKS"

THE ECONOMIC RIP TIDE – THE PAPER BUBBLE

THE ECONOMIC RIP TIDE – THE PAPER BUBBLE

Chapter Three As a doctor in the Emergency Department I occasionally saw patients with strange complaints. The complaints generally concerned pain in different parts of the body. The patient, almost always, was a male. Since, I was very experienced, I could tell after a few minutes of conversation and a visual inspection of the patient’s [...]

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BANKS AND MUSHROOMS

BANKS AND MUSHROOMS

Most of the world are unaware that mushrooms, which are a part of fungi, are the largest living group on the planet. The Mushroom is the fruit of the living Fungus which can be hundreds of square kilometers in size. Without Fungi (mushrooms) the entire planet would be covered with dead plants and dead animals. [...]

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INEQUALITY OF WEALTH

INEQUALITY OF WEALTH

THE WORDS OF PLATO “The form of law which I propose would be as follows: In a state which is desirous of being saved from the greatest of all plagues — not faction, but rather distraction — there should exist among the citizens neither extreme poverty nor, again, excessive wealth, for both are productive of [...]

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THE “BANKING CANCER” OF EUROPE

THE “BANKING CANCER” OF EUROPE

NOTE: SINCE THIS ARTICLE WAS PUBLISHEDON JUNE 26, 2012, THE CEO AND CFO OF BARCLAY’S BANK HAVE RESIGNED. MUCH MORE COMING…. THIS MESSAGE  IS TOTALLY DIFFERENT FROM THE MESSAGES GIVEN OUT BY WESTERN GOVERNMENTS AND WESTERN MEDIA. I think that banks are a form of economic cancer. They do very little that helps society, except serve [...]

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BLOOMBERG: THERE’S SOMETHING ROTTEN IN BANKING!

BLOOMBERG: THERE’S SOMETHING ROTTEN IN BANKING!

There’s Something Rotten in Banking By the Editors You might have missed the latest bank scandal, the one involving Barclays Plc (BARC), in the hubbub of last week’s U.S. health-care ruling and euro salvage plan. If so, allow us to fill you in: On June 27, Barclays, the U.K.’s second-largest bank by assets, admitted it [...]

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SPANISH BANKS: “HELP US!”

SPANISH BANKS: “HELP US!”

Spain’s 90s greed is at the root of its banking crisis By Rober Tornabell, from The UK Guardian Spain’s banking crisis did not come out of the blue. In the 1990s the Spanish suffered a bout of collective madness. Interest rates fell from 14% (with the peseta) to 4% (with the euro) in a matter [...]

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EUROPEAN BANKS WILL UNITE! (UPDATE FROM REUTERS)

EUROPEAN BANKS WILL UNITE! (UPDATE FROM REUTERS)

Moody’s downgrades Danske, other Danish banks From REUTERS NEW YORK – Moody’s Investors Service on W ednesday downgraded nine Danish financial institutions, pointing to sluggish economic growth, risks from the euro zone debt crisis and structural changes to the covered bond market, a reliable source of cash. The Moody’s cut comes the same day that [...]

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A TRIP TO HONG KONG

A TRIP TO HONG KONG

Hong Kong is just a small reflection of China.
There is a major difference between modern American and Chinese workers.
Hong Kong is full of the contrasts of human nature.

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