EYE-BALL Guru on – Regulatory Ego’s are the problem …

November 4, 2011
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Title:
Regulatory Ego’s are the problem …
Today the ping-pong being played out before the world financial markets involving the ‘bail-out’ of Greece turns to more over-spin and under-slice.

Greek President Papandreou has backflipped on his declaration to take the Euro Bailout package to a referendum – [See Papandreou Story here]

This Atlantic ping-pong has seen the markets awash with emotion and responses that befit the over-spin and under-spin exchanges.

How can the markets behold their integrity against such wilful misleading and bad reporting of facts nt in evidence. The game is being played out by ‘sell-sword’ journalist and their editors vying for political favour dependent on which sides wins. Whores like these that are peddling these stories are poxed and are vexing and sullying the whole media industry – when will a story stand the test of time? –

And as the World was delivered this message – Global markets responded as expected – the rollercoaster ride continues – up down and nobody has a goddamn clue …

Across the Atlantic – President Obama came out opposing the European ‘Financial Transactions Tax’ – saying it won’t work – preferring to promote his own plan to back a fee for financial-crisis responsibility.  [see story here]

One side says ‘potato’ the other says ‘patata’ – is this really the best plan the smartest men in the World can come up with?

A European dutch action on Greek debt writedowns all with the purpose to save the Banks – and a Regulatory measure that delivers no pain to those Bankers who walked us all to the edge of the abyss – only to hear them plead with their masters whilst holding a shotgun at them and saying – “if we go – then so do you – bail us out and you might have a chance that we can save you”.

Let me tell it like it is …

  1. Speculation is the cause of all the evil contagion currently in the death throes of what was known as ‘Capitalism’ …
  2. Without volatility Bankers are without risk and therefore 50% of their income is stripped.
  3. You have a freakish giant feeding at your table and living in your mist – he takes all the prime cuts – devours all the protein – snacks on all the sweets – gorges on the entre’s – pigs out of the leftovers – and drinks from everyone’s glass leaving it half-full and ruined for anyone else – he is your Banker …
  4. Yet Politicians need the Bankers to fund election campaigns –  to lend to business that create employment – they are an evil that have always lurked among us – in better days we held them in high regard – but now all they do is leech  and entice you into debt that holds your future to account …

There is not nice way to deal with evil – you just have to cut it to the bone and let it rot …

Take, Opus Prime – Storm Financial – and the many other Financial Institutions around the World who have lost clients life savings over the last 3 odd years – they are all agents of Banks – set up to entice and charm those with wealth to risk and gamble their worth. These thrift merchants take their fat commissions and flee when the shit hits the fan.

When you have a monster in your mist that has to be fed – and you want to be rid of it – poison the food – starve them of their need – rid the markets of the speculators for a period and I guarantee you some normality will return.

The way to do that is to impose the dreaded ‘capital gain’ tax.  Tax all speculative profits 90% on assets not held longer than six months – 70% for a year – 60% for 18 months and 50% for 2 years.  I guarantee you that markets will survive and volatility will go – investments will be made based on what used to be rational long term forecast earnings – not by weight of money with false media leaks and inside knowledge – burn all those who dip their beak into the pigs swill to make a fast buck.

You can’t burn the candle at both ends for too long – this bitch of a disaster has been man made – and on the cards since the gold standard was abolished – look at any equity chart and see the explosion in market caps around the globe since the 1970’s – shares represent debt – or liability owed – and in the last 20 odd years – every Banker around the globe has encouraged you all to borrow to buy shares … it is now time to make the Banks pay for their misguided advice …

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The EYE-BALL Guru …

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  1. Herman
    November 5, 2011 at 5:13 am

    The mythical tetra headed monster. Whenever you cut one head off it grows another. An unstoppable force. For some the seven heads are representative of the seven deadly sins. Sloth and greed and so on.

    Modern history is littered with it. The fall of the ALP government in 1949 (and total disintegration) over nationalising the banks. Today every person with compulsory superannuation is caught up in it.

    Only bringing the world to near fatal collapse will we empower our leaders to address it. The new deal under Franklin Delanor Roosevelt. Can Barak Obama lead us and give us new hope, again a new deal. Under the current deal, too few control all the aces.

  2. November 5, 2011 at 10:31 am

    There is no will because nobody wants to sacrifice – the people will pay as they always do – the Politicians will still get paid as will all the Public Servants – the real deal should be self accountability and who should deal the justice when it is corrupted –

    What is the deterrent for corrupt behaviour – ask Maddof how he is surviving – journalists, book writing – living well in a goal made to protect him … all at the taxpayers expense … there is no real deterrent – just don’t get caught and if you do – us ethe Justice system where money buys decisions …

    Guru …

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