Re: [gang8] Norway's loss on US subprime - & American profit>So why doesn't the gov't simply collect from the personal assets of the board directors? This is...
Michael, What do you think of my claims here: The exchanged currency will over time end up in the foreign exchange reserves, since Norges Bank will be forced...
Dear Arno, OK, there¹s STILL a solution. The government ‹ and other Norwegian cities ‹ can agree to boycott the mother company. Or, the entire economy to...
Yes, that¹s how it happens. Michael ... Re: [gang8] Currency exchange & accounting Yes, thats how it happens. Michael On 12/1/07 9:07 AM, "Arno Mong Daastoel"...
Well, Arno, it seems Norwegians didn't WANT to hear any bad news about citibank. Were there payoffs? We met some pretty smart guys up there. Nice town! How...
There has been little question that the Americans were going to 'burn' both of their best and most loyal allies in Europe - the Germans and the Norwegians...
Hugh, I think you are right. The retired generation looked at the US as the saviour of democracy (believing the war propaganda, and forgetting how Roosevelt...
The ³other² consists of derivatives and Structured Investment Vehicles. Claims on claims on financial claims on wealth. Financial mirrors, in other words. ...
Re: [gang8] "From oil to equities" - a winning strategy?Michael, No, I got it: It is bonds and equities together. I wonder how they got equities to look that...
Re: [gang8] Currency exchange & accountingI think this is the culprit : The treatment of the tax payment from the oil companies is arranged as a long-winded...
Dear Gang It has long seemed to me that the reality of Central Banking constitutes a type of financial pornography that no decent newspaper will print. The FT...
Dear Michael, Forget my gross and net definitions - of course those terms were already taken so I should not attach new meanings to them. Still we should find...
Stephen, Thanks for the update. You seem to be having the trouble we all have with the nutcases who cluster around monetary theorists. Have you been following...
Dirk, Presumably you picked up on the attached paper produced by University of Cambridge Centre for Financial Analysis & Policy. Seems to be looking at the...
Michael, 20 per cent was Barclays' target return when I was with them. As it was publicly known I assume they were copied, a sort of unspoken price-fixing....
Dear Geoffrey, No, I had not read this paper yet, but just did. Eatwell says all the right things, but is not very specific. It is astonishing that a high ...
Arno, I think you are correct. I repeat therefore what I was trying to explain in today's phone conversation. It is possible that there are Norwegian savers...
Are the citizens of Narvik at al. really innocent. Were they not conned because they were trying to get the highest return and therefore took a risk they...
Dear Geoffrey, I bet you know the answer: ³Both.² When people are greedy, they don¹t WANT to know the risks. Right? So the analysis of risk is left to...
Since 1990 bonds seem to have almost matched equities? Geoff ... From: Arno Mong Daastoel To: Gang8 Sent: Sunday, December 02, 2007 1:35 PM Subject: [gang8]...
Geoffrey. Agree - the effects of the Central Bank's creation of Kroner is independent of whether the matching entry in the Central Bank's accounts is an...
Chris, You are quite right in some aspects aspects but there are some complexities about this loan to the Rock so you are not completely right. Firstly the...
Yes, Michael, in real life that is quite true. Geoff ... From: Michael Hudson To: GANG8 Sent: Monday, December 03, 2007 6:18 PM Subject: Re: [gang8] More...
Dear Dirk, I am not sure one can disaggregate. I fear Richard, much as I respect anything he says, may be oversimplifying the issue. All loans for the...
Absolutely right, Geoffrey. Creating domestic money against foreign exchange reserves IS ³deficit financing.² The SAME effect could be achieved simply by ...
Dear Wes. In his last year of life, Keynes paid tribute to the "wisdom of Adam Smith" and cautioned fellow economists against "much modernist stuff, gone wrong...
... Not quite Geoffrey. This is what it looked like at first. Documentation prooves that the politicians were misinformed by the local Terra brokers (owned by...
Re: [gang8] Currency exchange & accounting>Creating domestic money against foreign exchange reserves IS "deficit financing This is also my impression. I added...
(This question is also to Michael, as he is also constructing measures of the FIRE sector - and I assume Richard is reading along?) Thanks for your response,...
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