S.O.S. – Message to Jean-Claude Trichet, president of the European Central Bank.(ECB)

The dollar regime is engineering total chaos.

How come, funding costs are spiralling, when interest rates are crashing?

Jean-Claude, m’entends-tu?

The contradiction is in the title on the Financial Times web front-page in Europe today :

Companies face spiralling funding costs
Spreads in bond markets at historic highs
From Companies 11:34PM Dec 01, 2008
http://www.ft.com/home/europe

Ivo;
It is impossible to be and not to be at the same time and in the same respect, taught Aristotle.
This he called the Principle of Non-Contradiction (PNC)

Reality is not submitted to the PNC.
Human thought is however submitted to the PNC.

SOURCE
Fernand Van Steenberghen, (F.-X. de Guibert, ed.), Philosophie fondamentale , Longueuil, Québec, Editions du Préambule, 1989, footnote p. 296:
Contrairement à ce qu’affirment beaucoup d’auteurs, ces principes [the principle of non-contradiction, the law of the excluded-middle and the law of identity] sont des lois logiques ou des lois de pensée comme telle et non des lois de l’ordre réel.

Oui, Jean-Claude, pour toi, jeudi!
(The ECB has an interest rate meeting on Thursday)

Try to think on Thursday.

Don’t say like René Descartes (1594 – 1650), “Je pense, donc je suis”, “I think, therefore I am”.

But say: “ I am (confronted with this problem) THEREFORE I shall think about the way to solve it.”
I know it is difficult for a Frenchman to depart from Descartes, but please try.

These are the inside web pages of today’s Financial Times

http://www.ft.com/cms/s/0/33281dae-bfdf-11dd-9222-0000779fd18c.html
Companies face spiralling funding costs
By Anousha Sakoui and Richard Milne in London
Published: December 1 2008 23:34 | Last updated: December 1 2008 23:34
SNIP
Leading European companies are facing spiralling funding costs in the bond markets as banks rein in lending, raising concerns about the impact on earnings.
Over the past month European companies including National Grid and Daimler sold more than €23bn of bonds, with nearly €11bn sold in the past week, making it one of the busiest in the bond markets this year, say data providers Dealogic.
UNSNIP

How come funding costs are spiralling, when interest rates are crashing?

Ivo Cerckel

The only global regulation which the dollar regime could possibly accept, and the regulation the regime is thus trying to impose on the planet, is a regulation which would confirm dollar dominance (control).

The instability which the dollar regime is organising in Iceland and other places, by for example closing the stock market, results in nobody being able to put his house back into order in a way independent of the dollar regime.

Everything which does not fit the regime is taboo.

Chaos makes the sheeple hunker for regulation.

The dollar terror which goes in crescendo will continue to look for more extreme forms until …

The Icelandic alternative of storming the central bank is carefully being closed by the Gulf authorities.

The dollar regime is organising the shocks (instability) in order to maintain its grip on the world system.

The United Kingdom, Denmark, Iceland, and Poland all now want to join the euro.

What does the euro have which the dollar does not have?

US dollar faces hard landing risk in 2009 -UN report
http://www.moneyam.com/action/news/showArticle?id=3455983
AFX
By Vivianne Rodrigues
SNIP
NEW YORK, Dec 1 (Reuters) – The recent strength of the U.S. dollar is expected to be temporary and the greenback remains at risk of a hard landing, which could drag down the U.S. economy and pull the global economy deeper into recession, a U.N. report said.

UAE stock markets to close for 10 days
Andrew Foxwell
Last Updated: December 01. 2008 12:13AM UAE / November 30. 2008 8:13PM GMT
http://www.thenational.ae/article/20081130/BUSINESS/179999940/1005
SNIP
Emirates’ stock markets will be closed from Tuesday and re-open on Thursday Dec 11, the financial regulator has announced.

Bahrain c.bank says local banks well capitalized
http://asia.news.yahoo.com/081202/3/3sx90.html
SNIP
MANAMA, Dec 2 (Reuters) – Bahrain’s central bank governor reiterated on Tuesday that the Gulf Arab state’s financial system remained sound and its banks had sufficient capital, as the global crisis bites in the oil-exporting region.
+
Some Bahraini banks posted third-quarter losses due to the global financial turmoil, but no financial institution has had to be bailed out so far. In nearby Kuwait, the government stepped in to prop up Gulf Bank after it made unsustainable currency derivatives losses, and the federal government of the United Arab Emirates also rescued two Islamic mortgage firms through a complex merger.

ICELANDERS rally to protest economic meltdown
AP foreign, Monday December 1 2008
By JILL LAWLESS
http://www.guardian.co.uk/world/feedarticle/8107617
Associated Press Writer= REYKJAVIK, Iceland (AP)
SNIP
Thousands of Icelanders marked the 90th anniversary of their nation’s sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country’s spectacular economic meltdown.
+
Artist Hildur Margretadottir came to the demonstration holding an artificial horse’s head on a stick  her version of an old Norse technique for putting a curse on an enemy.
“I am turning it toward the central bank,” she said.
She said Iceland’s bankers and politicians “were gambling with our money, and they still are.”