Sunday, March 11, 2012


For those of you demanding proof, tell me what this sphere is!

updated: 3/12/12
Here's a shot of the object from Sunday in red, you can see the sphere suddenly move away. 

I found this image from Stereo Ahead in 2009.  The dark occlusion disk in the center is used to hide the face of the Sun so that the solar corona can be studied without blinding the cameras.

The World Is Our Stage - Defy Gravity!

China to export yuan to BRICS


Go to main page Business China to export yuan to BRICS
China to export yuan to BRICS

Published: 8 March, 2012, 17:11

Edited: 8 March, 2012, 17:11

China is reportedly to begin extending loans in yuan to BRICS countries in another step towards internationalizing the national currency and diversifying from the US dollar.

The Chinese Development Bank wants to sign a memorandum of understanding with the country's partners from BRICS group of developing countries on increasing yuan-denominated loans, while partners increase loans in their national currencies, The Financial Times reports, citing people familiar with the talks.

The move aims to increase trade volumes between the five nations and diversify from using the US dollar.

Brazil and South Africa were quick to react to the proposal, saying they expect the lending pledge to be included into a master agreement to be signed in New Delhi on March 29.

“We will discuss the creation of structures and mechanisms for lending in local currencies in order to maximize economic and financial transactions between the countries that are members of the accord,” Brazil’s development bank BNDES said.

China, with 54 per cent of its foreign reserves in US dollars, has been trying to diversify from the currency it believes will weaken soon and for a protracted period.

China agreed to use national currencies with Russia, Belarus and Japan for bilateral trade. The country also decreased its foreign reserves in dollars recently in favor of the Australian and Canadian currencies.


This graph illustrates quite well the delusion of aspiration politics. The basic idea promoted in economic circles like the Wall Street Journal, Forbes and The Economist,  is that the rich should not bear more of the burden of the cost of government, after all, they're smarter than you, work harder than you, have better genes, better schooling, better health care, and better cars. Yeah right...if you're so damn smart, why aren't you happy sitting in your Manhattan apartment or Kensington flat with your mint bowl full of Oxycontin?  Who's going to save your soul now that you've ravaged nations of their wealth?

"And he shouted "Babylon the great is fallen, is fallen, and is become the habitation of devils, and the home of every foul intention, and a cage of vultures.
For all nations have drunk the poisoned wine of her seduction; and the nations of the earth have all slept with her, and the merchants of the earth have become rich with many luxuries."
 - Revelation 18:2-3 (paraphrase mine)

You too can be a millionaire, so why would you want to tax your own success?  There's a pill for that....and for you worker bees busing dishes in Manhattan's finest diners - crystal meth to make you work faster and die younger.

This is of course is the insane reasoning of the system you live in.  Its a zero sum economic system based on the perception of scarcity.  If there's isn't a scarcity they'll create a crisis somewhere in the world (just ask Naomi Klein) to spike commodity prices in the carry trade fueled by those cheap quantitative easing dollars. After all its only "other people's money"! You didn't think those dollars were going to be invested in your personal future did you?  No new roads for you unless the King of Spain wants to buy another toll road. The USA has a glut of gasoline - do they sell it here? No!...just keep the supply curve about 95% of the demand and export it elsewhere!  Republicans want that Keystone pipeline to the Port of Houston, but it will never lower your price of gasoline - its going elsewhere.  You gotta pay man, because freedom isn't free, and dammit your proud to be an American! It requires you to spill the blood of your children on the alter of Wall Street's ambitions in some Middle Eastern conflict who's crazed leader is one of them! Calling it a zero sum game is being overly generous! Its a rigged Casino where you won't win even half the time. Its worse than a flip of a coin. Its why grannies with dart boards pick better stocks than CNBC analysts.  If they win they pocket they pocket the cash, if they lose, your taxes dollars make them whole. Does Adam Smith's invisible hand sound like an occluded reference to central bankers?  Politicians scream for drug testing for the unemployed - but you know its just that they never outgrew yelling "You loser!" as a bully in high school.  Where's the cocaine testing on Wall Street? It should be illegal to invest while high! We're all losers in this game of duality. As this chart fully illustrates:



"Some big names on Wall Street are eager to step out of
the spotlight after enduring years of financial-crisis turbulence
and negative attention from politicians and protesters"

said Peter Ressler, the chief executive of RMG Search.

Interesting graph of resignations by region. I can't tell you what the Japanese says but the regions are self explanatory.   This came from  Great job!  

First Month on American Kabuki

Wow, look at all the countries that have visited this blog in the last month! Thank you all! I am so glad you found the Banker Resignations of such interest. We get a lot of interest from the USA, Canada and Japan. Europe is rapidly emerging as more people discover this list there.  The blog has been here for a number of years but I never got around to putting anything on it.  Initially it was meant to point out the foibles of our political and pundit class in America, but they've done such a great job of showing who they really are on their own my attention has drifted to concerns more global in nature.
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