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Archive for December 13, 2011

EYE-BALL Opinion on – Liebster Award

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Title:
Liebster Award…
Liebster Award LogoT he Liebster Award – [linked here] – is a WordPress Award issued to Bloggers by other Bloggers.    Any recognition from peer groups is welcome – and the EYE-BALL Opinion Blog site is  chuffed to have been chosen for this award and it is most graciously accepted.

Upon receiving your Liebster award, the blogger should:

1. Thank your Liebster Blog Award presenter on your blog.

2. Link back to the blogger who presented the award to you. [Linked Here]

3. Copy and paste the blog award on your blog.

4. Present the Liebster Blog Award to 5 blogs of 200 followers or less who you feel deserve to be noticed. (some say just 3 or more blogs of less than 200 followers each)

5. Let them know they have been chosen, by leaving a comment at their blog.

So there’s the rules. The new 5 blogs to be nominated/awarded will be updated via the comments attached to this blog post.

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The EYE-BALL Opinion …

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EYE-BALL Opinion on – A Pathetic ex-Prime Minister … – he is struggling with life after Politics …

The-EYE-BALL-Opinion-Header-2
Title:
A Pathetic ex Prime Minister …
– he is struggling with life after Politics …
I am no fan of ex PM John Howard – never was never will be.  In fact I think he was a boofhead all during his tenure in politics – even going back to the stint he has as Treasurer under Malcolm Fraser.   He carried a grudge all his political life over events that happened during that tenure – his Peacock nemesis make him a fool publicly because he was never a true ‘blue-blood’.  He came into his own when he found clear water after the Hewson – and then the Costello/Downer Abbott and Costello show that left him unchallenged.  Keatings agorance and electoral indifference during a ‘recession we had to have’ saw him become the PM in the 1996 election.

During his early years he lied over GST to win the ’96, he conned Australia into the ‘gun buyback’ after the Port Arthur massacre and had Australian’s pay for it via a medicare levy increase – he presided over the fraud that was the Telstra sale – he lied and used the ‘children overboard’ sham to win the 2004 election – he sanctioned Peter Reith and Chris Corrigans ‘Waterfront takeover’ – and he never knew when it was time to go.

Since he was dumped by the voters in his safe Liberal seat of Bennalong in 2007 – since regained by tennis legend John Alexander in 2010 – his memoirs have been released – and reviews paint it as his attempt to rewrite history –

Mr Howard has a Facebook profile where he constantly seeks feedback from his followers in response to his Political and General observations – one of his latest throw away posts asked – “I wonder what my chances are of being selected in the Australian cricket team for the second test” – his followers and there are 20k+ – just lap this stuff up and feed his addiction.  He does ban/block/edit those who don’t agree with his comments and are less friendly with their responses … the man just won’t simply lie down and accept that his public life is over – he did not retire – he was booted out of Government …

Today Mr Howard tries again to relive his ‘dinosaur’ policy when supporting a publication that is designed to convince young children that human influence is not the cause of ‘climate change’ – in fact during his tenure as PM he was never a supporter of Climate Change.   It was one of the reasons he was soundly defeated at the 2007 elections.  You would think he would shut-up and lick his wounds.

Yet – he holds the current Opposition Leader Tony Abbott as his preferred protegé – probably the reason poor Tony can’t advance his own personal ratings and deliver the killer blow to the other ‘dunce’ parading as the current PM.  Anyway – ‘Little Johnny’s’ efforts to sway the minds of our children was reported by the ABC today under the heading:

“Howard launches ‘anti-warmist manual’ for kids”

The story appears in part below:  

Updated December 13, 2011 09:47:49 [read full story – linked here]

Former prime minister John Howard has lent his support to a book aimed at school children which argues the theory of human-induced global warming is a scam.

Last night, the former prime minister launched the publication, the latest from controversial geologist Professor Ian Plimer.

The book, called How to Get Expelled From School, rejects the predominant scientific opinion on climate change.

The book is billed as “an anti-global warmist manual for the younger reader”.

Professor Plimer launched the book, a follow up to his book Heaven and Earth, at the Sydney Mining Club.

The new work includes 101 questions which it says students can use to challenge their teachers on climate science.

Professor Plimer says worried parents prompted him to write the book.

“After Heaven and Earth came out I had many parents write to me and say, ‘Look, what do we do, our kids are being fed activism. I want my children to have the basics of scientists, I don’t want to be fed activism’,” he said.

Mr Howard helped launch the book and last night said the “progressive left” had a “grip on the commanding heights of education instruction in this country”.

What will this pathetic man stop – and any respect the position of ex PM might demand is acknowledged – but when the man makes a fool of himself and demeans the issue of the day in ‘climate change’ – and uses a children’s forum to do so – someone has to tap him on the shoulder and tell him to shut the fu_k-up.

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The EYE-BALL Opinion …

EYE-BALL Guru on – The World Financial Markets are DUMB – and getting DUMBER …

December 13, 2011 Comments off
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Title:
The World Financial Markets are DUMB –
and getting DUMBER …
A s global financial markets oscillate to the value of $trillions every day – up/down – often more than once in a day let alone every other day to day movement – you would think smart operators – those who sit above the daily grind of a dealing room and call the shots would be smart enough to see the wasteful resources being spent when trying to beat the market.

Every dealer knows that at the end of the day – the summary total is a zero sum game – for every winner there is a loser – and all that has happened in a simplistic summary is that the cost of retail Banking has grown and those costs have been passed on to the Banks clients. The cost to do Banking for a customer in the 70’s is a but a small fraction when compared with what customers pay their Banks today.  The fee structure has escalated and continues to do so – over recent years Bank fees represents 30-40% of all Bank revenues.  Then there is the reduced investment returns and the increased borrowing costs or margin creep as its is called in Banking circles.  Banks are now competing with Central Banks in an every increasing pool of speculators and borrowers for liquidity and the end game is profitability.

Managers, Executives, Dealers  and the Big Wigs all know of the ‘zero sum’ game analogy – they monitor their profit and loss positions hourly these days to appease their comfort factor.  Yet they continue to turn up ever day and log in to play the ‘game’ – it is cyber warfare with real money – and for most, the party never ends until someone unplugs them from their access to the game console.

That often comes with lack of profits or Management cutbacks so CEO’s and their line Managers can keep their massive salaries and perks – despite them having Management responsibility for the losses that are mounting.

A screen jock is but a soldier and he/she is sacrificed – the decisions to continue to play the game rests with the Worlds greed and its necessity to feed itself.   Human weakness is at an all time high – morality and conscious are at all time lows … this cocktail mixture is explosive and non-productive as evidenced in several spheres – i.e. war in Afghanistan – an unwinable war yet lives and $billions week are thrown at the problem every week – the markets own inability to draw a line under Europe – the Political corruption to win media favour – the double standards of our leaders – secret sexual habits until they become exposed and then regret is expressed yet the habits continue … the world is a psycotic nutcase and refuses to have or attend therapy.

There was a recent movie release called – “Margin Call”  – that has meaningful connection with what happened to start the GFC.  The movie is as close to the Goldman Sachs part in what transpired as I’ve read or seen.  The movie is ‘deep’ and you won’t find a manual to what happened or who was involved – but the plot is accurate in its context and alignment with what triggered the GFC.

What I don’t get is why everybody is still stuck in the ‘headlights’ like a hare caught crossing the road?

Why have the CEO’s and Central Bankers not allowed poorly managed Banks to fail?  Why have they bailed them out and rendered the taxpayers liable for the debt that ensured?

The complexities of how the markets have functioned since the GFC started late 2008 and into early 2009 – make telling the story of what happened and how the measures taken to fix the problem compounded the existing problems – a difficult process.   There have been several US Senate Hearings along the way – all available on-line – [linked here – search Financial Markets] – and the problem with following the hearing record is that the Senators who asked the questions hardly understood the process.  Their questions are framed by knowledgable staffers yet the answers provided confuse the Senators to the point that follow-ups lose the initiative.   The ‘bad guys’ were allowed to play out their testimony without really being pinned down and made accountable.  It could be said that the process was meant to fail – that the process was just that because ‘justice’ had to have the appearence to have been served.   Nobody has gone to jail – nobody has had to pay back the billions paid in bonuses.

We are now seeing the end of ‘capitalisation’ as we have known it.  The pain and suffering to be endured over the next 1-2 decades will alter the way life exists on this planet – and not in a good way.

If there was ever a time where bravery was needed – it is now – the War being fought through currency values and sovereign debt ratings is an advanced War strategy being fought through Political diplomacy.   If the Leaders fronting up to the table for these negotiations are not smart – and lets face it none are all too bright – billions of people are about to be shortchanged.

Military intervention will be the last resort option – but the lines on maps and the carve up of Nations and their wealth is happening at the moment.  Nations fates are being decided by the measure of their debt and capacity to service that debt.  This is all happening behind closed doors and the volatility in global markets is emanating from the leaks coming from those meetings.  Someone or several insiders are making fortunes from these market gyrations.

The ‘game’ is still alive people – those that are really dead and barely functioning are still of the belief that they are still alive and in the game.  What we have to be fearful of is where we as a Nation ends up when the carve-up is complete.   The USA is a spent military force and spread too thin both in manpower and hardware.  All aligned with the USA will be looking for a lifeboat in the future and with our commodities and resources – we come at a premium – but we will have no ‘bulldog’ to bring to the table – and the real fear is that none of our Leaders have any idea about what is happening.

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GuruThe EYE-BALL Guru …

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