Best of the Week
Most Popular
1.Crude Oil Price Trend Forecast 2016 Update - Nadeem_Walayat
2.Will Deutsche Bank Crash The Global Stock Market? - Clif_Droke
3.Gold Price In Excess Of $8000 While US Dollar Collapses - Hubert_Moolman
4.BrExit UK Economic Collapse Evaporates, GDP Forecasts for 2016 and 2017 - Nadeem_Walayat
5.Gold Stocks Massive Price Correction - Zeal_LLC
6.Stock Market Predicts Donald Trump Victory - Austin_Galt
7.Next Financial Crisis Will be Far Worse than 2008/09 - Chris_Vermeulen
8.The Gold To Housing Ratio As A Valuation Indicator - Dan_Amerman
9.GDXJ Gold Stocks - A Diamond in the Rough - Rambus_Chartology
10.Gold Boom! End Game Nears As Central Banks Buying Up Gold Mining Companies! - Jeff_Berwick
Last 7 days
This Commodity Has Perked Up its Investors' Portfolios - 27th Sept 16
Charting the Continuing Gold Market Correction - 27th Sept 16
Stock Market Crash and Recession Indicator Warning: Extreme Danger Ahead - 27th Sept 16
Financial Markets and FX Setups 27th Sept - 27th Sept 16
Crude Oil, Forex and Stock Market Trend Forecasts - 27th Sept 16
Why There is Trump - 27th Sept 16
Save Up to 70% in Shopping Expenses for Daily Items - 27th Sept 16
Gold’s Moving Averages and Long-Term Outlook - 26th Sept 16
September Stock Market - The Not So Silent Demise of Deutsche Bank - 26th Sept 16
SPX sell signal confirmed - 26th Sept 16
SPX is testing the next level of support - 26th Sept 16
Outrageously Entertaining US Presidential Campaign Final Stages - What Happens Next? - 26th Sept 16
BoJ, FOMC and Where To Now? - 26th Sept 16
Stock Market New All Time Highs Next - 26th Sept 16
Why Trump Will Win US General Election 2016 Prediction Forecast - 26th Sept 16
Martial Law Rolls Out Across the US As Jubilee Nears - 26th Sept 16
Stock Market More Correction Likely - 25th Sept 16
US Presidential Election Forecast 2016 - Trump Riding BrExit Wave into the White House - 25th Sept 16
US Economy GDP Growth Estimates in Free-Fall: FRBNY Nowcast 2.26% Q3, 1.22% Q4 - 24th Sept 16
Gold and Gold Stocks Corrective Action Continues Despite Dovish Federal Reserve - 24th Sept 16
Global Bonds: Why Our Analyst Says Things Just Got "Monumental" - 24th Sept 16
Where Did All the Money Go? - 23rd Sept 16
Pension Shortfalls Could Be 4X To 7X Greater Than Reported - 23rd Sept 16
Gold Unleashed by the Fed - 23rd Sept 16
Gold around U.S Presidential Elections - 23rd Sept 16
Here’s Why Eastern Europe Is Doomed - 23rd Sept 16
Nasdaq NDX 100 Big Cap Tech Breakout ? - 23rd Sept 16
The Implications of the Italian Banking Crisis Could Be Disastrous - 22nd Sept 16
TwinLakes Theme Park Summer Super 6 FREE Return Entry for Real? - 21st Sept 16
Has the Silver Bullet Run Out of Fire Power? - 21st Sept 16
Frack Sand: The Unsung Hero Of The OPEC Oil War - 21st Sept 16
What’s Happening With Gold? - 21st Sept 16
Gold vs. Stocks and Commodities, Pre-FOMC - 20th Sept 16
BrExit UK Inflation CPI, RPI Forecast 2016, 2017 - 20th Sept 16
European banks may be more important than the Fed this week - 20th Sept 16
Gold, Silver, Stocks and Bonds Grand Ascension or Great Collapse? - 20th Sept 16
Mass Psychology in Action; Instead of Selling Gilead it is Time to Take a Closer Look - 20th Sept 16
Hillary - Finally Well Deserved Recognition for Deplorables - 20th Sept 16

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

The Power of the Wave Principle

International Business - Davos Style

Politics / Financial Markets 2012 Feb 01, 2012 - 06:43 AM GMT

By: BATR

Politics

Best Financial Markets Analysis ArticleThe first lesson of international business is that the monopolies that drive the commercial trading system only hold loyalty to the god of capital. Making money means retaining a profit on trading transactions of business companies. The notion of MAKING MONEY means something very different to the financial empires that speculate on currencies, commodities, bonds and equities. When the two worlds come together to celebrate the common interest of their pirate culture, the Davos port of call, is a necessary winter holiday.


No doubt, the world’s financial outlook is still bleak. The needed measures and will to repudiate the ill gained debt bubble, that has much of the world facing insolvency, is a taboo alternative. The proverbial can that cannot be kicked far enough down the road of postponement keeps the party going for a little while longer. The life style of the super wealthy accustomed to flying into the Alpine village on Gulfstream V’s, hardly relate to the plight of people eating cat food. No surprise, this is the reality that escapes normal reporting.

However, what happens when the EU collapses and nation-states return to their own national currencies? The cardinal rule of the financial buccaneers is to keep the serving of the interest on the debt instruments that they hold as assets, paid by their captive debtors.

When the Fox Business Channel sends a Warren Buffet "groupie" like Liz Claman to cover this year’s World Economic Forum in Davos, you know you will get soft interviews and approving reporting. The same can be said of the coverage by most of the financial media. Watching questions at a press conference usually provided a strong sucking sound coming from the journalists in a desperate hope to gain favor among the titans of financial business.

It is refreshing to read in The Economic Times an account about Britain's Prime Minister David Cameron. His slamming of the eurozone as uncompetitive and branding a planned transaction tax "madness", strays from the strategic objectives of the financial elites. The financial speculation leveraged by the City of London brought the UK to the brink of collapse. Nevertheless, as a lone voice that squelches a retooled "Tobin Tax", Cameron deserves credit. He may just be serving his own domestic political interest, but any opposition to refloating the debt with another round of additional taxes, is a positive. Even if he falls far short with true systemic solutions, the road to global taxation needs derailing.

Cameron scornfully dismissed French-led plan:

"Even to be considering this at a time when we are struggling to get our economies growing is quite simply madness," he declared.

"Of course it's right that the financial sector should pay their share. In the UK we are doing exactly that through our bank levies and stamp duty on shares. And these are options which other countries can adopt."

The legally protected financial bandits are dedicated to the extraction of even higher taxes in order to rollover maturing obligations. As the EU economy falters and shatters, who will bail out the bankrupt economies? The answer may not exist. John Quelch, the dean of the Shanghai-based China Europe International Business School offers the following assessment in Forbes,

"Last year at Davos, there was wishful thinking about China. Surely China would stumble on its relentless path to economic superpower status, and give the West some breathing space to reboot and revitalize?

This year at Davos, there is also wishful thinking about China, but of a different kind. How can China save the world economy? Surely the Chinese can consume more? And can’t the Chinese government do even more than it already has to prop up the Euro and invest in more Euro denominated assets?"

When people mature in their economic understanding, the harsh reality hits them. The criminal elites who designed this perverted global monetary system actually benefit with a total collapse of the nation states. A total implosion of world markets will not bring down the crooks that already own most of the choice global assets.

Davos is not about advancing productive international business. It is about plotting the next global crisis that drives the plutocrats to demand control that is even more draconian and punitive. Trade often brings mutual benefits when the marketplace operates with balance and equilibrium. However, when cartels dominate commerce and transnational corporatists force monopolistic restraints upon competing enterprises, the net result dampens alternative markets.

The way to view the business practices of the authoritarian model of the privileged Davos cabal is to see their relationships and overlapping confederations as a filtering system that expels any opposition to their long-term plans for both economic and political domination.

The analogy that describes this difference is seen in the protective environments that the Davos connections operate as compared to the meager existence of the average consumer. The vast multitude is preoccupied with economic survival. This sharp contrast with the self-appointed shapers of the world financial system, know of no such constraint.

Businesses that actually produce a product or useful service never bridge the gap between practical consumable innovations and the monetary manipulators that feed off the dynamic and industrious efforts of legitimate commercial enterprises. The money interests that dominate gatherings like Davos bring little to the advancement of actual commerce. Wealth creation is different from the accumulation or theft of riches.

The insurmountable resolution of the world debt bubble is evident to everyone. Yet the banksters care little for solutions, especially since their efforts are the true cause of the coming disaster. The Chinese controlled model will not rescue the globalist trading system. What the Davos elites have in mind is to convert independent economies into subservient appendages of a top down dependent debtor society.

Lowering the standard of living for Western economies is an unpleasant fact. The masters of manipulation desire this outcome. Until society recognizes that the debt created financial system is the root cause of the next planned panic, none of us will be safe from the crony state/capitalist juggernaut.

James Hall – February 1, 2012

SARTRE

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2012 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife