Banks are not that hard to create..
The most difficult part was the interbank connection needed.. itvwas what was stopping me.. money can be raised.. because of the inability to solve this problem i dropped the idea ..
What i did not realise at the time was i already had the connection in an old friendship..
It is very possible except when you decide you can't, then you have failed before you even start.
تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others
-----Original Message-----
From: Don Johnson <dajohn@gmail.com>
To: Minds Eye <minds-eye@googlegroups.com>
Sent: Sun, 05 Apr 2015 2:04 PM
Subject: Re: Mind's Eye Re: The new Chinese gold standard
The most difficult part was the interbank connection needed.. itvwas what was stopping me.. money can be raised.. because of the inability to solve this problem i dropped the idea ..
What i did not realise at the time was i already had the connection in an old friendship..
It is very possible except when you decide you can't, then you have failed before you even start.
تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others
-----Original Message-----
From: Don Johnson <dajohn@gmail.com>
To: Minds Eye <minds-eye@googlegroups.com>
Sent: Sun, 05 Apr 2015 2:04 PM
Subject: Re: Mind's Eye Re: The new Chinese gold standard
Happy Easter all you heathens!
...and the number of banks are shrinking. The big cheeses have swallowed up the mom and pop locals with full support of Dodd/Frank fiasco. Only reason Dodd/Frank passed was the anger at the big banks and it just allowed them to eat the little guys. No new banks(ok, one I think) have opened since this law came into being.
I never disagree with how you see the world as it is Neil I just can't visualize your solutions as workable. People are bastards. Any system we end up with has to take this into account.
On Sun, Apr 5, 2015 at 2:26 AM, <allanh1946@gmail.com> wrote:
Debt creation
From view well hidden
Eternal well
Springing
From the golden calf
Sing and dance
Great joy
Abounds all around
Extreme poverty
تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others
-----Original Message-----
From: archytas <nwterry@gmail.com>
To: minds-eye@googlegroups.com
Sent: Sun, 05 Apr 2015 9:01 AM
Subject: Re: Mind's Eye Re: The new Chinese gold standardThe Chinese have already killed about one in nine Tibetans. Russia's capacity for secret police activity spans either side of the USSR. Islam is a religion of peace - ho, ho ho - various practitioners and Jews having shipped about 2 million white slaves in a century or two around the Black Sea. There are no real nice people in history as they never survive to write it.Some think the use of the USD is worth about $30 billion annually to the US. This sounds a lot, but is about 0.2% of GDP. I think money is more deeply criminal than is generally admitted. Given how bent the Chinese and Russians are I have difficulties thinking they can forge a new reserve. The problem is the US is no longer a democracy and neither is Europe. The actual reserve currencies are the USD, Euro and (marginally) the pound sterling. To understand what is going on we need to look at Japan and wider issues in Ponzi economics.The answer is about taking money and assets from the rich and freeing ourselves from paying for work already done. Don may be right on top dog being inevitable, but money, whether Chinese, US or Russian is under the control of an allocation class and everywhere they end up with it clinging to their fingers.The currency wars are fairly well described at Zerohedge and Keiser Report. The real problem is that we have no real USD or pound sterling - money is created as debt by private banks.
On Sunday, April 5, 2015 at 5:23:13 AM UTC+1, Don Johnson wrote:I thought I'd find reams of information on this new development at the wsj.com. Barely a blip on the radar. I don't think it matters much. The US is already marginalized politically and militarily and only time will tell what effect this will have on the rest of the world. The short game is ME chaos. I fear for my Zionist brothers and sisters. There will be another power presiding over world hegemony in the coming years. It will be interesting to see how well Russia, China and Iran treat those under their thumb. I'm sure they will treat 3rd world countries with the respect they deserve and never abuse them like the English, French and Americans have. They're just better human beings then us I'm sure. <-----sarcasmThose of you who think there won't be a big cheese are kidding yourselves. There's always a big cheese. Now we will see just how stinky the next flavor will be.djOn Mon, Mar 30, 2015 at 11:34 AM, Chris Jenkins <digitalprecipice@gmail.com> wrote:"For years I have regarded that strange subject called "economics" as being somewhere on a par with that other strange subject known as "theology," and tend to see economists as belonging to the same general group as bishops, witch-doctors, mullahs and snake-oil salesmen"I was exceedingly disappointed when I discovered this was likely the case.--On Sun, Mar 29, 2015 at 6:51 PM, frantheman <francis.hunt@gmail.com> wrote:For years I have regarded that strange subject called "economics" as being somewhere on a par with that other strange subject known as "theology," and tend to see economists as belonging to the same general group as bishops, witch-doctors, mullahs and snake-oil salesmen. In their areas of so-called expertise, they regularly get things wrong - and then go on to earn vast amounts as talking heads, retrospectively explaining what they failed to see coming. Carnival fortune-tellers probably have a better record of accuracy.--The ghastly thing is that these high priests of mumbo-jumbo have such power and influence.I have some (a very small amount) of sympathy for the Chinese leadership elite - they're riding a very powerful, unpredictable, and very dangerous tiger; trying to modernise and stabilize a population four times the size of the USA, most of whom are still leading a pre-modern peasant existence, the rest of whom are trying to gallop into a materialistic hyper-capitalism as fast as they can. The whole country seems to be living in a state of perpetual high tension. Whether they will succeed without the whole thing exploding around their ears remains an open question. Let's hope they do, for the alternative - China unravelling - would lead to the kind of geo-political instability which would make the Middle East look like a kindergarten squabble.I see the latest moves as part of a long, ongoing process leading to full convertability of the yuan/renminbi. Within the current (lunatic) models which economists and economic commentators use, this can only be seen globally as something positive. While it may have been very convenient for the US to have the dollar as the global reserve currency, this has not necessarily been good for the rest of the world. China owns a massive amount of US debt (owing the the trade imbalance between both countries) and are thus terribly vulnerable to changes in US fiscal policy. For the world generally, a basket of around half a dozen reserve currencies (dollar, euro, yuan, Swiss franc, pound sterling, yen) is a much more stable proposition. It would force the major powers to cooperate at a deeper level than they currently do. It would also reduce US hegemony globally, which might just help provide a reality check for the US political elites (particularly those on the right) - though I'm not holding my breath about that.
Am Sonntag, 29. März 2015 15:28:24 UTC+2 schrieb Molly:The new Chinese bank established with a gold standard is gaining momentum on the international stage. How will this effect the world economy? These quotes from Bloomberg:China's clout has been expanding for decades, as its rapid growth allowed it to snap up a rising share of the world's resources, its exports penetrated global markets, and its bulging financial assets gave it power to make big individual loans and purchases. Now, the creation of international lending institutions is leveraging that economic influence closer to the political and diplomatic arenas, as U.S. allies defy America to back China's initiative.
"This is the beginning of a bigger role for China in global affairs," said Jim O'Neill, U.K.-based former chief economist at Goldman Sachs Group Inc., who coined the term BRICs in 2001 to highlight the rising economic power of Brazil, Russia, India and China…
Chinese President Xi Jinping's vision of achieving the same great-power status enjoyed by the U.S. received a major boost this month when the U.K., Germany, France and Italy signed on to the Asian Infrastructure Investment Bank. The AIIB will have authorized capital of $100 billion and starting funds of about $50 billion.
Canada is considering joining, which would leave the U.S. and Japan as the only Group of Seven holdouts as they question the institution's governance and environmental standards.
China, flush with the world's biggest foreign-exchange reserves and anxious to convert them into "soft power", is building an alternative architecture. It has proposed not just the AIIB, but a New Development Bank with its "BRICS" partners—Brazil, Russia, India and South Africa—and a Silk Road development fund to boost "connectivity" with its Central Asian neighbours…
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