Posts Tagged bankers

Bill Oddie’s BankWatch

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A Banker’s Christmas

 

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City of London wants to Control the Yuan

London seeks major role in yuan trading

China is loosening strict controls over its currency and banking system

The UK Treasury has announced plans to make London the leading international centre for trading China’s currency, the yuan, also known as the renminbi.

“London is perfectly placed to act as a gateway for Asian banking and investment in Europe,” said UK Chancellor George Osborne.

Bankers say the plans could bring billions of pounds into the City.

China has been gradually relaxing strict controls on the value of its currency and on flows of capital.

Mr Osborne, who arrived in Hong Kong on Monday at the start of a visit to Asia, said he would be holding talks “on establishing London as the new hub for the renminbi market as a complement to Hong Kong”.

The City (read City of London – AV), he said, as the world’s largest centre for foreign exchange, was “uniquely placed to assist in the development of this exciting market”.

Major currency

According to Treasury officials, the new partnership with Hong Kong puts London in pole position to be the major centre for trading the Chinese currency outside China and Hong Kong.

Source: BBC News Read more

Opinion:

The City of London (not the capital city of England) Corporation wants to control the yuan, just as it has controlled the major currencies of the world. It sees the writing on the wall that the dollar is doomed as the international currency and the yuan (or renminbi) will replace it and wants to control the action.

Not sure what the City of London Corporation is…

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This is NOT a Police Force – It’s an occupation force

This is NOT a Police Force

This is not a police force meant to protect the people, this is a police force to protect the 1% from the people.

The American people have been sold down the river, by everybody, the government, the bankers, Wall Street, your elected politicians (who, incidentally are supposed to be ensuring this type of thing doesn’t happen); absolutely everybody.

And the 1% are wining and dining while Americans are crying for work, bread and housing.

For fuck’s sake America WAKE UP!

 

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Thursday Thought

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Who gets jail?

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The 99%

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The Snowball is Rolling

Faster and bigger

Yes, the snowball is rolling, gathering global momentum, Occupy Wall Street bringing the Arabian Spring to the Americas is spreading across the face of the planet.

It seems like it is not just the Arabs with their dictators, nor the Americans with their financial woes that are dissatisfied with the status quo.

Whether linked to OWS or not, protests are being organised and held in about 82 countries; that represents almost half of the world’s nations..

Last week's protests around the world

This is a clear indication that the end game is nigh. The king is about to fall.

Governments have to realise they are permitting the police to arrest the wrong people.

Throughout the USA protests are being felt, in  Madrid and Rome. Thousands of protesters took to the streets in Sydney, Tokyo, Hong Kong, Athens and Berlin. At least 1,000 people demonstrated in London’s financial district. Earlier, hundreds of people marched in the New Zealand cities of Auckland, Wellington and Christchurch while in the Australian city of Sydney, some 2,000 people – including representatives of Aboriginal groups, communists and trade unionists – gathered outside the central Reserve Bank of Australia. “Occupy” protests have also been held in South Korea, the Philippines, Taiwan and Hong Kong. Israel also hit by summer of protests over high cost of living, although not yet aligned with OWS.

The fuse has been lit. Initially it sputtered along, but has taken hold as it burns fiercely toward the time bomb created by the 1%, and when it reaches – he explosion will be heard across the Earth. There will be a reckoning like there has never been before and those accountable will be delivered.

Central bankers and finance ministers are proudly doing things that they used to be punished for.

Henry II brought his bankers together in 1124; the ‘Assize of Moneyers’. Those found guilty of debasing the coinage – an earlier form of quantitative easing – were castrated and had their had their right hands cut off.

What can you say about that kind of monetary policy? It worked.

History is set to repeat itself, if the Real 1% do not respond. In the great French Revolution, Marie Antoinette stated that she is the 1%, and said “If there is not bread, let them eat cake”. She then got just rewards from the 99%, the Guillotine.

99% to Bankers: We’ve Got the Guillotine!

Maybe we need a modern day Henry II combined with a revolution, maybe this is what OWS will achieve.

Update:

Map from Storyful
From the Twitter live update on Storyful:
Protests in Berlin , Hamburg , Frankfurt – Ottawa – Amsterdam – Victoria – Ireland…
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We are the 1%

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The People are Waking Up

Anti-Wall Street protesters arrested in New York

At least 80 people have been arrested during an anti-Wall Street march in New York’s financial district.

Police arresting disorderly protesters

Several hundred people took part in Saturday’s march, which was intended to draw attention to “corporate greed and corrupt politics” in the US.

Participants carried banners supporting a range of other issues, including healthcare reform, an end to US wars and the scrapping of the death penalty.

The march came after a week of protests by the Occupy Wall Street campaign.

The loosely organised group says it is defending 99% of the US population against the wealthiest 1%, and had called for 20,000 people to “flood into lower Manhattan” on 17 September and remain there for “a few months”.

Protesters, who are mostly young, initially numbered some 1,500 but their numbers had fallen to about 200 by Saturday’s march.

There was a heavy security presence in the district, with police deploying nets to block off major roads including Fifth Avenue and to protect the New York Stock Exchange.

Corporate ‘enemy’

One protester, 21-year-old Ryan Reed, said he joined in “because what I see – and what I feel most people in this country see – is an economy and a system that’s collapsing”.

“The enemy is the big business leaders of Wall Street, the big oil company leaders, the coal company leaders, the big military industrial leaders.”

A number of placards also called for “justice for Troy Davies”, the US man executed in Georgia last week amid widespread criticism.

Police said most of Saturday’s arrests were for disorderly conduct and blocking traffic, but one person was charged with assaulting a police officer. One officer also suffered a shoulder injury, said police.

They have not commented on protest organisers’ comments that there had been an “unprecedented level of police aggression” on display.

A statement on the Occupy Wall Street website said the protesters have “an interest in returning the US back into the hands of its individual citizens”.

“Our nation, our species and our world are in crisis. The US has an important role to play in the solution, but we can no longer afford to let corporate greed and corrupt politics set the policies if our nation.”

Source: BBC News Read more

Opinion:

Well, it looks like the American people are waking up; and they’re not at all happy.

Corporate America

They’re not happy with the government. They’re not happy with Corporate America for controlling the government. They’re not happy with the bankers, nor Wall St.

This could spell major problems for the government. Because social unrest is on the horizon; something I said would happen two years ago and people got angry at me for saying it.

Is this the beginning of a civil war to retake America from the corporations and give it back to the people?

I suggest a civil war because any uprising of the people will be met with force. The American police are better armed and trained than some military forces, they are being trained to take you, the American people, down; you have become domestic terrorists!

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