Jump to content

Recommended Posts

There's nothing really to address. He's taken some rather obvious points like natural diasters having an economic impact and blown them out of all proportion.


He's a little bit late to be talking about economic disaster anyway - we've just had one of those.


Sure productivity will be affected, but then conversely rebuidling efforts will help drive comnercial growth in the medium term.


25% of UK firms have recruited since the beginning of the year, the US has generated 500,000 jobs in the same period. Despite Mr. Ruppert's convctions, these (and the rest of the wordl) are not all reliant on Japanese components.


He's mainly obsessed with automotive because it's a US cultural meme.

He's been predicting 'the collapse of industrial civilisation' for ages now. I mean, when you run a site called CollabseNet then declaring that everything is hunky-dory might just be a little bad for business.


Apparently now a few component shortages in two industries is going to cause the end of the world as we know it. At least he's put a date on it and we can look forward to him being able to STFU in August.

And have a look at this from about a year ago:


http://www.youtube.com/watch?v=wCvl_kzjaj0&feature=related


FF to 4.22 where he confidently predicts that the gulf oil leak will destroy the entire region due to the whole reserve being allowed to leak. So his crystal ball is a little... erm... faulty.


I love how anyone who doesn't agree with his little doomsday prophecy is a 'zombie'. I think we are safely into nutter territory here.

  • 2 weeks later...
  • 3 months later...

Why? Shares down, a little panic selling. Not like that's never happened before. The bargain hunters will be along soon.


Are you actually saying we should start building lifeboats, like he said. I'm not sure your soothsayer knows the difference between an economic collapse and a dam collapse.


Your little smiley suggests you seem to be actively hoping for a global economic collapse, just so you can be seen as correct. Slightly sick, really.

he got the timing of a 'collapse' (if you call a small correction relative to a doubling in the value of an index a 'collapse' bang on) - well done him


but the reason for the 'collapse' spectacularly wrong - so he's just a random who said the markets will fall in the summer... no sh1t


corporate earnings are the only thing positive about what's going on right now (except banks)

  • 10 months later...

Maybe this summer. Personally as someone who was really pessimistic back in late 2007, I'm feeling as bad now.


A very possible scenario I think MOST western European countries are going to have some sort of debt crisis or default. I include the UK us in this - yeatesrday's news that PSBR had gone up despite the cuts just showed how over stretched governemnt spending is and the tories have completley lost their nerve on meningful reductions or tax rises as far as I can see (how many u-turns?). People don't want cuts BECAUSE THEY ARE 'ORRIBLE and are so myopic about the dire situation that western economies and governements are in that they just think that the money tree means we don't have to worry about any of this..just vote it away. Meanwhile global banks exposure to sovreighn debt means that the 2nd credit crunch is already grinding away and has a very big chance of happening anytime soon.


As far as I can see, Inflation is the only way out and that'll bring another set of huge problems.


Buy gold, head for the hills.

I got the answer:


Get a fifty pound note put it in your scanner and make as many copies of said note as you can, then deposit the copies in to your bank account.


The above information is a joke, but the above is what the bank of England is doing and will be doing until the house of cards does what all Ponzi scheme do ?collapse?


The Bank of England is a private central bank.

New Nexus Wrote:

-------------------------------------------------------


> The Bank of England is a private central bank.


Was private, but not since 1946. Your information is only 66 years out of date, so at least you are improving.


http://www.bankofengland.co.uk/about/Documents/legislation/1946act.pdf

And of course delightfully overlooks that controlled inflation (or quantitative easing) is the most exquisite and satisfying way of depriving the top 1% of the population who have acquired so much of our wealth of the right to enjoy it.


The biggest opponents of quantitative easing are those sitting on stuffed bank accounts.


If you're anti-QE and you're not in that gang then you're a mug.

Actually, the better half (her being a contract lawyer) thinks that nothing changed in regard to the ownership after reading the 1946 Act.


Provision 1 thus -:


(1) On the appointed day ?

(a) the whole of the existing capital stock of the Bank (hereinafter referred to as ?Bank

stock?) shall, by virtue of this section, be transferred, free of all trusts, liabilities and

incumbrances, to such person as the Treasury may by order nominate,(3) to be held by

that person on behalf of the Treasury;


...


However, further reading down reveals Provison 8 -:



8. The Government stock issued in substitution for any Bank stock shall be held in the

same rights and on the same trusts and subject to the same powers, privileges, provisions,

charges, restraints and liabilities as those in, on or subject to which the Bank stock was held

immediately before the appointed day, and so as to give effect to and not revoke any deed,

will, order, mandate, notice or other instrument or testamentary or other disposition

disposing of or affecting the Bank stock, and every such instrument or disposition shall take

effect with reference to the whole or a proportionate part, as the case may be, of the

substituted Government stock.


So, her take is this...if the owners of the private bank stock were then nominated by the Treasury after the 1946 Act then nothing changed, and it still remains a private bank. Especially if the original bank stock was held in trusts or wills etc.


I think purely on the 1946 Act the ownership of the BoE still remains a little murky, not that I want to give New Nexus any more ammunition.

Carter Wrote:

-------------------------------------------------------


>

> So, her take is this...if the owners of the private bank stock were then nominated by the

> Treasury after the 1946 Act then nothing changed, and it still remains a private bank. Especially if

> the original bank stock was held in trusts or wills etc.


But deep in the BoE's charter, you'll find "By the Bank of England (Transfer of Stock) Order, 1946 (S.R. & O. 1946 No. 238) the person nominated was the Solicitor for the Affairs of H.M. Treasury (the Treasury Solicitor)."


So, either he retired a very rich man or the Bank of England was successfully nationalised.

Huguenot Wrote:

-------------------------------------------------------

> And of course delightfully overlooks that

> controlled inflation (or quantitative easing) is

> the most exquisite and satisfying way of depriving

> the top 1% of the population who have acquired so

> much of our wealth of the right to enjoy it.

>

> The biggest opponents of quantitative easing are

> those sitting on stuffed bank accounts.

>

> If you're anti-QE and you're not in that gang then

> you're a mug.



Er, millions of pensioners on fixed annuities. Utter rot huge.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Gone to the better hunting grounds during this local ongoing dry spell.
    • The Dreamliner has an impeccable service history, you are more likely to get mugged on the way to the airport than having any issue with your flight, that's how safe it is!  Have a great trip.
    • Maybe. Does that kill grass? If so, possibly the same dog that has left its poo outside my house - pretty sure it's not fox poo.
    • Here you are, intexasatthemoment (you seem to have been in Texas for a very long time!) We went to three of the recommended places yesterday,  as they were all in the same road (just near Wallington)  and I needed to give the car a run to avoid another slap on the wrist from my garage (and another new battery). Here's my findings. BARNES Parking We thought we would go here first as it was the earliest to close on a Sunday (3pm). There was no apparent entrance or anywhere to park. One notice said do not park on grass verge, and another one said staff cars only! Flittons was opposite but I'd already passed the entrance, so I had to drive down the road, turn round at the next available place (covered in signs saying do not park here) and park in Flittons car park! Plants Barnes  specialise in hardy perennials, so that was basically what they had, but an excellent selection, and many more unusual plants (or at least, plants you probably wouldn't find in a garden centre), eg Corydalis,  lots of different varieties of Epimediums, Trollius, some lovely Phygelius, lots of different ferns). The plants were divided into sections according to whether they needed sun or shade or could cope with both. They had a particularly good selection of  shade loving plants. There was really useful information above  each group of plants, which meant you didn't have to look at individual labels. All the plants looked in good health and  very well cared for. They don't produce a printed catalogue, but they  said their plant list was online (I haven't looked yet). I assume most of  the plants they have at any one time are when it's their flowering season (if they flower). I wasn't intending to buy anything, though was very tempted, but I'd definitely go here again once I've sorted out my overgrown garden. Other Stuff Don't think they sell pots, compost, etc. No cafe/tea room and I didn't see a loo, but Flittons is just over the road. FLITTONS  Parking Easy to park Plants Sorry, but mostly terrible. There was one section with vegetables and the rest was flowering plants. There was a general feeling of delapidation. Some of what was on display was actually dead (surely it would only take a minute to remove dead plants) and a lot of the rest was very poorly maintained, eg gone to seed, weedy, apparently unwatered, or with a lot of dead leaves. There was a notice asking for volunteers to work there, so I can only assume they can't afford to pay staff. Other stuff There was a notice to a play barn (?) saying invited people only, so I think they must host kids' parties or something. They redeemed themselves with a cosy little cafe with savoury stuff, nice cakes, iced chai and oat milk, and a loo. Also a selection of books and CDs on sale for charity. If you want an Andrews Sisters CD, you can find one here. There is a small shop with gift shop type stuff and a display of the history of Flittons, which apparently is family owned since the sixties (I think it was). I suspect that the arrival of Dobbies down the road must have greatly affected Flittons' fortunes, which is sad. DOBBIES  Parking Easy in theory once you had navigated a rather narrow entrance, but it was very busy so it took a while to find a space. Plants  Lots of plants, well maintained but I imagine their turnover is high. Lots of nice bedding plants for hanging baskets, window boxes etc  to cater for all tastes (ie some of it wasn't mine, but fine if you like those horrid little begonias (my opinion only) but they did have some nice (in my opinion) stuff as well. I was tempted but decided to buy from North Cross Road market. Fair selection of climbers, various different Clematis etc. I'd be happy to buy plants from here. The prices seemed reasonable and they were in good condition. Other stuff  It's a big garden centre with all that entails these days, so a large area selling garden furniture and storage, tools, animal collars, pots, all the usual stuff you would expect. Very helpful staff. There's a cafe which we didn't check out, charging points for electric cars, a Waitrose (no idea how big, we didn't look). Only on our way out did we see that there was a drive through "express section" for compost etc, which was annoying as I wanted compost and hadn't seen any anywhere,  but I was getting tired by that time. Just Down the Road A ten minute drive away is Wilderness Island, a nature reserve in Carshalton, which is well worth a visit. We heard eleven different kinds of bird (according to Merlin) and saw a Kingfisher flying down the tiny river!
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...