Comments on: End fraudulent financial system - Belgian King

By: Jeroen

Jeroen — Wed, 29 Jul 2009 22:41:35 +0000

Dear Ivo, I’m also leaving Belgium and head to the east

http://headingtodubai.blogspot.com

By: Ivo Cerckel

Ivo Cerckel — Thu, 23 Jul 2009 01:37:13 +0000

Gold rush is over - poorest are suffering most,
says The Daily Telegraph in two different columns today.

Gold rush over as demand slows
Investment in gold exchange traded funds, gold coins and small bars slowed in the second quarter.
Published: 1:30PM BST 22 Jul 2009
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/5886812/Gold-rush-over-as-demand-slows.html

In fact, we could hardly have been more wrong. Certainly, many middle-class workers have lost their jobs. Some have lost their homes. But their pain, in Britain at least, is being dwarfed by that of the least well-off: once again, it is the poorest who are suffering most.
(A recession for the many, not the few
Despite the worry over middle-class job losses, it is the poorest who are suffering most, says Edmund Conway.
Edmund Conway
Published: 7:38PM BST 22 Jul 2009
http://www.telegraph.co.uk/finance/comment/edmundconway/5888891/A-recession-for-the-many-not-the-few.html

A well-publicised weakness is an asset. It gives people a ready-made explanation for all your failings and that keeps them from speculating and spinning tales about you. (Frank Van Dun, “In the Shadow of the Prodigy”, sine loco, Frank Van Dun Publishing, 2007, p. 160)

By: Ivo Cerckel

Ivo Cerckel — Wed, 22 Jul 2009 07:06:05 +0000

Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions, says Wikipedia.

Baruch had a way of tainting and provoking students in the sure knowledge that they would not touch him because of his limp. (Frank Van Dun, “In the Shadow of the Prodigy”, sine loco, Frank Van Dun Publishing, 2007, p. 122)

By: Ivo Cerckel

Ivo Cerckel — Tue, 21 Jul 2009 15:33:20 +0000

“Caveat emptor” (Let the buyer beware) is not applicable upon the Belgian stock gambler.

Only upon a thalidomide monster who’s responsible for her mother having been administered the drug.

By: Ivo Cerckel

Ivo Cerckel — Tue, 21 Jul 2009 08:00:00 +0000

It’s an ethical question, ja watte?

By: Ivo Cerckel

Ivo Cerckel — Tue, 21 Jul 2009 07:44:48 +0000

FROM MY SPIES IN BELGIUM:

Omdat gans het Koningshuis héél zware verliezen heeft geleden !!!!
Alsook de zgn. rijke Belgische families.
Het gaat over honderden miljoenen euro foetsji…wegggg…

The royal family has suffered severe losses.
The so-called rich Belgian families also.
Hundreds of millions of euro are gone.

Ivo:
Got gold, n’est-ce pas Gustaaf?