Ask not for whom the bell tolls: Greece is tiny compared to bankrupt California. Below: It was easy to speculate against the fixed pound, but Soros now stands to lose his amassed fortune undermining the euro by means fair and foul from his shaky base in the flawed dollar.
Soros and his Wall Street gang have been revealed to be behind the falsification of budget deficits in Greece and Italy, by selling forward public debt, that allowed these countries to join the euro. Now Soros is speculating on the fall of the euro by betting against Greece. Soros, who made $1 billion speculating against the pound in 1992, believes the structure of the euro is patently flawed. In fact he is behind the flaw by cooking the books of weak economies, but more than making another billion he stands to lose his shirt. The dollar is in a much shakier position than the euro, despite speculating China would lose its trillion dollar holdings if it lets the dollar fall (Search Euro or Dollar Suicide Watch?).
George Soros is placing large bear bets against the euro. A secretive group of Wall Street hedge funds are behind a plot to cash in on the decline of the euro. At an ideas dinner in Manhattan, the speculators argued that the euro is likely to plunge to parity with the dollar. The euro has been under enormous pressure because of Greece’s debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland. But, it has also struggled because these hedge funds have been placing huge bets on the currency’s decline, which could make the speculators billions. Soros warned that the euro could fall apart even if the European Union agrees to support stricken Greece. Hitting back Greek PM George Papandreou blames speculators for preying on the country’s troubles. He believes that unless the European Commission is given sweeping powers over taxation and spending, the euro will always be vulnerable to financial turbulence in individual states. Greece is desperate to restore the confidence of investors in its debt after revealing that it understated its budget deficit by half: “There is only one dilemma: Will we let the country go bankrupt or will we react? Will we let the speculators strangle us, or will we take our fate in our own hands?” Angela Merkel admitted that Greece’s debt crisis has plunged the euro into a difficult situation, warning that the euro faces a dangerous period.
(“Man who broke the Bank of England, George Soros, at centre of hedge funds plot to cash in on fall of the euro,” by Karl West, Daily Mail, 27 February 2010)
Soros especula contra l’euro
Li va ser fàcil especular contra la lliura fixa, però Soros arrisca ara perdre la seva fortuna acumulada soscavant l’euro a les bones o les dolentes des de la seva base inestable en un dòlar a l’UVI. Primera foto: No preguntis per qui repiquen les campanes: Grècia és minúscula comparada amb la Califòrnia en bancarrota.
Soros i la seva banda de Wall Street han estat exposats com les mans negres darrere la falsificació dels dèficits fiscals de Grècia i Itàlia, venent al futur deute públic per permetre aquests paisos integrar-se a l’euro. Ara Soros especula que l’euro caigui apostant contra Grècia. Soros, que va guanyar mil milions de dòlars especulant contra la lliura el 1992, creu que l’estructura de l’euro és defectuosa d’entrada. En realitat ell és el responsable del defecte a base de falsificar els comptes d’economies dèbils, però més que guanyar altre mil milions podria ara perdre la camisa. El dòlar es troba en una situació més insegura que l’euro, malgrat especular que Xina perdria el seu bilió en valors en dòlars si permet que el dòlar caigui (Veure search Euro o dòlar en estat de suicidi?).
George Soros està apostant massivament a la baixa contra l’euro. Un grup secret de fons d’inversió lliure està al darrere d’una conspiració per enriquir-se amb el descens de l’euro. En una sopar d’intercanvi d’idees a Manhattan, els especuladors argumentaren que l’euro segurament caurà a la paritat amb el dòlar. L’euro ha estat sotmés a una enorme pressió degut a a la crisi del deute grec, més els dubtes financers sobre Portugal, Itàlia, Espanya i Irlanda. Però també ha patit perqué els fons de lliure inversió han realitzat enormes apostes sobre la caiguda de la divisa, que reportaria bilions als especuladors. Soros avisa que l’euro podria petar encara que la Unió Europea acordi sostenir la malferida Grècia. Contratacant el primer ministre grec Georgios Papandreou acusa els especuladors de fer d’incendiaris amb els problemes del país. Creu que si la Comissió Europea no prén poders amples sobre impostos i despesa, l’euro sempre restarà vulnerable a turbulències financeres en paisos concrets. Grècia lluita desesperada per restablir la confiança dels inversors en el seu deute després d’haver admès que va amagar la meitat del seu dèficiti pressupostari: “Queda una sola pregunta: permetrem que el país es declari en bancarrota o reaccionarem? Permetrem que els especuladors ens ofeguin o ens fem amos del nostre propi destí?” Angela Merkel ha admès que la crisi del deute grec ha dut l’euro a una situació difícil i avisa que que l’euro encara viurà moments perillosos.
(“Man who broke the Bank of England, George Soros, at centre of hedge funds plot to cash in on fall of the euro,” by Karl West, Daily Mail, 27 February 2010)
I want to start this blog with a disclaimer. The photograph of Laurie is one that I took. It belongs to me. I have the original image data from my digital camera recorded and any re-use of this image without my expressed written permission is prohibited. Yes it’s a lousy photo, but I did not want to run the risk of surfing the Internet for a better picture of Laurie for fear of litigation!
Click here to register your vote to establish a U.S. Department of Peace, and send your message to Congress here. The bill to establish a Department of Peace is now before the House of Representatives, and, among other things, would provide funding to establish a U.S. Peace Academy which would act as a counterpart to the U.S. Military Academy, teach violence prevention and mediation to America’s school children, and provide complimentary support to our military by engaging in parallel peace-building activities.
Long distance rates – a barometer of progress ?
This company offers 9.9 cents per min for cell phone but 11.9 cents for landline. Still high. Moreover, businesses use landlines more than cell phones. Very high compared to India, where the rate dropped from 7.9 cents to 1.9 cents over the last 2 years. Now this tells me that India is open for business. True to India’s reputation of being the world’s largest call center outsourcer, its cheap long distance rates certainly helps in promoting the business. Contrast this with the high rates to RP because a clique of RP telecom carriers are playing their selfish game of enriching their treasure chests, trying to hold on to their monopolistic practices. Blame the government for its lame policies, reneging on its mission to promote the interests of the country first, allowing itself to be manipulated by the powerful bigwigs of the telecom industry. While the rest of the world are opening up and embracing deregulation, RP is acting only on the interests of a couple of telecom providers, whose main mission is the preservation of their obscene profit margins and the systematic decimation of potential competitors.
For as low as 5 bucks extra per month some providers can give you unlimited calling to 50 countries. Why are India, Brunei, Malaysia and Thailand on the list and not RP ? Here’s another pathetic example – a Tagalog sounding provider offering unlimited calling to 40 countries for a fixed monthly fee. The only problem is RP isn’t on its list of the 40 countries. Why shoot yourself in the foot with the Tagalog name when Pinas isn’t even on your frigging list ? The irony is I get a lot of telemarketing calls from Pinas, offering prepaid telephone calling cards so I can save money on the ludicrous long distance rates. I don’t need the stupid calling cards – they’re being sold here too. I need cheap rates with the likes of other Asian countries. Don’t expect RP to be in the list of countries that want to do business with the rest of the world anytime soon. It’s government is more interested in fattening the profits of its carriers rather than encouraging economic growth through trade and commerce.
Talking about government bureaucracy or idiocy in Pinas, years ago its telecommunications agency proposed a rule that stores selling Bluetooth capable devices must employ a licensed ECE (Electronics and Communications Engr) else it would be restricted from selling the product. LOL. Now that’s like requiring a licensed mechanical engineer for store that sell bicycles 
Now you know where the problem lies – if you can’t fucking understand how Bluetooth works , how can you possibly manage a country’s telecommunications infrastructure effectively? 
As mentioned in my previous post, the wifey and I had our pre-Valentine celebration at the Mariah Carey concert at the ACC last February 9th. The show was supposed to start at 730pm with the group RydazNrtist opening the show for 20 minutes with Mariah to follow. It turned out the opening act started at around 800pm and Mariah came out 45 minutes after the group finished its number, duh. What a wait. I actually thought she came out because of the loud boos from the crowd who were obviously pissed by the long delay. When the curtains opened, Mariah was perched on a swing high up in the ceiling , looking resplendent, wrapped in her gold colored gown. She slowly descended to the stage floor amidst the loud ovation from the crowd. For those who were served food at the executive boxes, she showed up at dessert time 
One thing a bit disappointing about Mariah was she barely moved , no matter the tempo of the song. I wasn’t sure if it had to do with her well endowed (materiales fuertes) baggage or the 5 inch heels which made her look like she was tiptoeing on the stage the whole time. But who really cared. Her divalicious image nullified all her shortcomings. She’s a gorgeous diva who can really sing – period. The production wasn’t all that great, the dancers were amateurish, the sound system was too loud , the reviews were so so but heck I would pay to watch her if she was singing inside a garage. Maria Carey turns 40 in March. Still divalicious – without a doubt 
Science Of Intentional Wealth – Margaret Lynch
That’s me. Enemy of the people. I must be. Why? I watched and listened to the entire Sarah Palin “National tea party” speech. Populism, conservative style, apparently doesn’t touch me the same way that liberal populism does. Why? Well, from what I saw, there were equal parts Ad hominem attacks that were just as untrue as they were giggle out loud stupid. The same worn out crap the right has pulled, about Democrats making America less safe, when the right has no corner on the “We kept America safe” market. 
she says comes from the safety of the sideline. The President talks from the vantage point of having the capacity to do something about what he says. His words have meaning, consequence. Sarah’s don’t. It’s that simple.
The Greek element has been present in Georgia since antiquity. The first trips had commercial purpose and within years, the first cultural enclaves were established.