How To Rig An Election in UK – And Anywhere Else for that Matter
Stalin was Absolutely Right – Votes Mean Nothing – Elections are decided by those who count. There goes the future of Scotland. This lady somehow really needs to be investigated. Who told her to do this? You can bet it was not her alone. Investigate and she will give up everyone who instructed her. Was she even Scottish?
We need to vote by our laptop whereby your SS# is secure for credit cards, how about we simply set up a system you log on with your id and vote. One vote one id. As you vote the count is shown right there – not waiting for a count. The computer counts automatically with no backdoor access. You can prevent hacking by one vote one IP and one connection. Enter the screen code a computer cannot read. Easy to program. No big deal. We secure elections and there is no need to send in votes by mail for you can vote from anywhere. Those who do not have a computer can still go down to the library, school, or court-house, or have someone at home log in for them.
We need FAIR and REAL elections. How dare these people ask our children to die on a battlefield so they can retain power with fake elections. We need real DEMOCRACY. Everything should be subject to vote and eliminate career politicians who are paid to support a particular position. After all, if people can go to Wall Street to protest “Climate Change”, do something worthwhile just for once and stop being fools. If we can go to electronic currency – we can go to online voting free of this nonsense that is outright criminal.
Pension Funds Being Taken TO Fund Infrastructure
The G20 Central Bankers and Finance Ministers met in Cairns, Australia, Sept 21st, 2014. This Summit reflects the attitudes about manipulating the economy where they just do not get it. Christine Largarde, head of the IMF, announced “I congratulate the G20 for significant progress in strategies for medium-term growth.” However, Lagarde is a lawyer – not a trader, economist, money manager or anything that has any experience whatsoever to do with the economy. It amounts to me trying to be a obstetrician, gynecologist, or a divorce lawyer no less a brain surgeon. Yet she would be the first to say anyone without a law degree cannot understand the law. I dare say the same to her – you are not qualified. Such positions should be reserved for ONLY people with experience – not even university professors.
I warned what Obama was up to with the pension funds in trying to create a Infrastructure Fund. Calpers, California pension fund, is selling off $4 billion of hedge funds to divert that money to be wasted in Obama’s dream project – infrastructure fund. This idea was floated and endorsed at Cairns. “We have agreed to come away from government-financed growth measures to more private investment,” said Australia’s Finance Minister Joe Hockey. These are being called Public Private Partnerships (PPP), and will be extremely critical in the future for here lies the final destruction of the pension funds precisely as Japan bankrupted the Japanese Postal Saving Fund using that private money for political purposes to try to stimulate the economy, which failed. With PPP, private funds will be used as public and this will be justified as being a highly professional long-term investment. However, this will only further shrink economic growth and liquidity. Such schemes cannot possibly work.
Those in government think that if they simply spend money, this will “stimulate” the economy. Governments will NEVER simply just reduce regulation and taxes to encourage people to start their own business. Small business employs 70% of the civil work force in general yet banks will lend only to big companies and the real economic engine has been slowly turning down for years since 2009. Small business creation is down in Europe significantly where 2 out of 3 jobs are small business (defined as 50 employees or less). Nonetheless, the numbers appear to be far better than they really are. As unemployment rises, many are simply fending for themselves in various manners but this is really the micro business market defined as less than 10 employees. Unemployed are compelled to become self-employed.
Obama’s idea of a Global Infrastructure Initiative to increase quality investment in infrastructure is merely to displace government spending with using pension money. In this manner, government will not have to do the work and hopefully any tax increases will go to just filling their pockets. How do pension funds make money on repairing infrastructure? Tolls will pop up everywhere. The governments are using pension funds to avoid the image that someone like Goldman Sachs or Berkshire Hathaway will be collecting tolls. Politically, that would be suicide.
Obama Defends Goldman Sachs & Derivatives Demand EU Include them in Free Trade and Cannot Regulate US Banks
Obama is defending Goldman Sachs & of NY Bankers in their bid to include Derivatives in the free trade agreement with Europe and to ensure they cannot be regulated by Europe. Obama insists, at the bank’s request, that to subject US banks to EU regulation will complicate the regulatory landscape unnecessarily. The banks are lobbying hard for that position from the White House. Obama wants derivatives IN EVERY MARKET globally to be exempt from foreign regulators just in time for the next bubble. Obama argues they are hedges against exchange rate fluctuations, but derivatives also bet on purchases of real estate and mortgages, commodities, food, their sales or purchases in the future. This includes the toxic bombs that wiped out so many banks - mortgage derivatives,including the so-called CDO’s (mortgage insurance).
The EU is now putting pressure on the US by threatening to exclude any discussions on financial services altogether from the trade agreement unless Washington agrees to Brussels’ demands to put regulation on the table. The EU is arguing that the existing transatlantic dialogue between watchdog regulators and other international venues is not entirely adequate for regulatory matters. Indeed, the US has far too many regulators compared to just one in Europe including London. The mortgaged backed securities required approval by SEC, CFTC, Fed, Banking regulators, etc. at least 7 approvals of US regulators but they all follow each other anyhow. Huge waste of resources. The EU is correct on this debate.
Derivatives created by the NY banks are an important part of the target with the US free trade agreement. The EU has for a second time granted an extension of the deadline due to efforts to oversee the global derivatives market. The U.S. regulators have completely failed to achieve any breakthrough in the main points of contention. This was reported byBusiness Insider.
Nonetheless, this move could have tremendous consequences for the financial industry on both sides of the Atlantic. It was Robert Rubin who sought to gain the exclusion of regulation for banks under the WTO to export derivatives. However, the derivative nightmare is still fresh in Europe where it created the most damage. These negotiations could see banks and insurers left out of what would be the biggest regional trade agreement in the world, covering almost half of global output.
The two sides were at a standstill over the design of clearing houses to secure such trades. Creating independent clearing houses to help in the future to avoid risks while operating together in the respective legal systems is essential. Creating such a system is not enticing because these toxic-bombs can be so explosive nobody fully can determine the risk.There are obviously deep concerns about the impending losses, whereas a further delay would mean a setback for the intended regulation of the face value 710 trillion US-dollar derivatives market.
Nevertheless, it has been the complexity of the derivatives market which is considered as the core problem of the financial crisis 2007-2008. The controversy between Obama and the EU is his relentless protection of the NY banks. As the European banking crisis gets far worse, the previous optimism where Obama just expected “trust” in America but that is fading in finance rather rapidly along with the NSA global scandal. Obama expect just “trust” without verification. The greatest problem has been that neither the heads of the banks nor anyone in Washington fully understand what happens in a such a market during a meltdown do to the deep complexity of these structures. We are not simply dealing with a single commodity for a future delivery. These are real overlays often involving several layers with counter-party risk that nobody can assess.
Obama has subjected the entire world to US regulation prosecuting foreign banks that do not obey US sanctions, but at the same time he is trying to prevent any European regulation of US banks. The US banks are lobbying Obama to make sure they are excluded from any European regulations. Furthermore, the US regulator CFTC demands that the European clearing houses must comply with their regulations when foreign entities operate in America and not rely on rules of their home regulator. The US wants to exclude NY banks from European regulation when operating in Europe. So these are one-side demands of extreme arrogance.
Come December 15th, 2014, some resolution must be reached or EU banks must cooperate with US regulators. In return, the current stalemate puts pressure on the US banks to have significantly higher capital buffers for deals by US firms ready and in place to conduct business only through clearing houses in those countries that are recognized by Europe.
The NY banks still rule the courts and the White House. They demand to be excluded from any European regulation while selling their product in Europe. Such a requirement would be a huge mistake if they win. The next meltdown may lead to war.