Best of the Week
Most Popular
1.UK General Election Exit Polls Forecast Accuracy - Nadeem_Walayat
2.What's Next for the Gold Price? - Axel_Merk
3.UK House Prices Correctly Forecast / Predicted Conservative Election Win 2015 - Nadeem_Walayat
4.15 Hours to Save England from SNP Scottish Nationalist Dictatorship - Election 2015 - Nadeem_Walayat
5.Exit Poll Forecasts Conservative UK Election 2015 Win - Nadeem_Walayat
6.Gold And Silver China’s Pivotal Role: More Questions Than Answers. Not So For Charts - Michael_Noonan
7.Conservative Win 2015 UK General Election, BBC Forecast of 329 Seats - Nadeem_Walayat
8.Investing and the Lollapalooza Effect - Niels C. Jensen
9.Gold Price Target - Rambus_Chartology
10.Gold Price Nearing An Important Pivot Point - GoldSilverWorlds
Last 5 days
China Sets Up Gold Bullion Fund For Central Banks - 25th May 15
Is The Silver Trade Getting Crowded? - 25th May 15
Money Murder Mystery: Who Killed the Stock Market? - 25th May 15
Why Do We Celebrate Rising U.S. House Prices? - 24th May 15
Mario Draghi’s Slippery Downward Slope - 24th May 15
Gold : Truth is Stranger than Fiction - 24th May 15
Facebook Stock Price Forecast - 24th May 15
Make a Killing on the Coming Energy "Debt Bubble" - 24th May 15
Stock Market SPX Uptrend Inflection Point - 23rd May 15
What You Know for Certain - Huge Demand for Gold And Silver - 23rd May 15
Are We in Another Credit Bubble? And Is It Different than Before? - 23rd May 15
The “Real Flash Crash” Will Scare You to Death - 23rd May 15
Venezuela: No Rule of Law, Bad Money - 23rd May 15
Robots That Can Beat the Market by 100% - 23rd May 15
Why Shake Shack Stock Is a Bad Investment - 23rd May 15
Gold Price Primary Driver Bullish - 23rd May 15
Time To Get Real About China - 22nd May 15
Gold Lifeboat to Global Economies “Titanic Problem” Warn HSBC - 22nd May 15
One Investment Could Save Two Generations' Retirements - 22nd May 15
Investing is About Identifying Gifted and Talented Camps - 22nd May 15
One of Europe's Latest Debt Nightmares - 22nd May 15
UK Immigration Crisis Could Prompt BREXIT, Propelling Britain Out of EU Despite German Factor - 22nd May 15
America Superpower 2016 - 21st May 15
Stock Market Secular Versus Cyclical Investing - 21st May 15
Banking Stocks Break Out with Higher Bond Yields - 21st May 15
The Tech Portfolio Built to Beat the Market - 21st May 15
Gold “Less Sexy” Than Bitcoin … For Now - GoldCore on CNBC - 21st May 15
The Russia-West Rivalry in the Balkans - 21st May 15
The US Dollar and the Precious Metals Complex - 21st May 15
Gold GLD ETF Drawdown Continues Unabated - 21st May 15
Who’s Killing the Stock Market? - 21st May 15
Your Best Way to Profit from the Narrowest Market in 20 Years - 21st May 15
Government Regulation and Economic Stagnation - 20th May 15
It’s Time to Hold More Cash and Buy Gold - 20th May 15
Choppy Asian Stock Markets - 20th May 15
Countdown to Global Financial Collapse - 20th May 15
Will Interest Rates Ever Rise? - 20th May 15
How to Cash in on Amazon Stock’s Amazing Cloud Success - 20th May 15
Three Hidden Forces Pushing Crude Oil Price Back Up - 20th May 15
U.S. Housing Market Strong Numbers in Perspective - 20th May 15
Greece Debt Crisis - Obama Has A Big Fat Greek Finger - 20th May 15
Now Is the Time to Own the Oil & Gas Leaders - 20th May 15
UK Deflation Warning - Bank of England Economic Propaganda to Print and Inflate Debt - 20th May 15
Trading Gold and Silver along with the Pros - 19th May 15
Gold Ticks Higher as London Housing Market Crash Looms? - 19th May 15
Global Stock Market, Commodities Group Analysis - 19th May 15
How Stock Investors Could Profit from the Dark Net Pattern That Few Others See - 19th May 15
The Patriot Act is now USA Freedom Act - 19th May 15
Investing in Europe? 5 Critical Insights to Boost Your Portfolio Now - 19th May 15
Gold Price Trend Forecast - 19th May 15
Stock Market Continues Defying Gravity, Dow New All Time High - 19th May 15

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Biggest Debt Bomb in History

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.


© 2005-2015 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

Biggest Debt Bomb in History