If the Global Economic Council (Gleco) wants to worsen the  Greater Depression in the rest of the world, Asia does not mind. Asia is decoupling.

Irredeemable, at least unbacked, paper money and fractional-reserve banking have brought us in August 2009 in the early stages of The Greater Depression. (1)

Timothy Adams and Arrigo Sadun are arguing this morning in the Financial Times that the planet is still in a position to escape The Greater Depression. The planet can do so, argue Adams and Sadun, by setting up a Gleco to oversee the proper functioning of the global economy and the stability of the international financial system by providing close political support and strategic guidance to all international financial institutions. (2)

Adams and Sadun forget that the Chinese currency, the yuan or renminbi, is an emerging hard currency with free-floating gold reserves.

The signing last week of a Free Trade Agreement between China and the Association of South-East Asian Nations (ASEAN) will give the region new momentum for growth and for decoupling from the West. (3)

The decoupling process may be strengthened by an emerging hard currency in the region, China’s yuan. ASEAN has been China’s fourth largest trade partner (3, again)

China is increasing its gold reserves in order to achieve FreeGold, a free-floating price of Gold as an alternative to the dollar regime. FreeGold makes Gold the natural vehicle to temporarily or eternally store one’s wealth in, in order to be able to later convert it into tangible wealth.

Four of the six Gulf Co-operation Council (GCC) states will in 2010 set up the Gulf Monetary Council (GMC), a precursor to the Gulf Central Bank which, the latter, will issue the GCC single currency. (4)  As oil, the GCC commodity par excellence, is the only commodity in the world that is large enough for Gold to hide in, Gold is hiding in there. (5)

China is seeking to set up a free-trade zone with the GCC. (6)

By 2010, when the GMC will be set up, China will be in a free-trade-zone with the Association of South-East Asian Nations (ASEAN). (7)

In 2010, ASEAN will also have free-trade zone with India. The agreement setting up that zone was also signed last week. (8)

Asia, with the exception perhaps of Japan, will then be using the yuan as trade-settlement currency.

The Chinese want the world to know that they are increasing their Gold reserve in order that the product (the “fruit”) of their wealth be consolidated with a view to further fructifying. (9)

If FreeGold were to be further postponed, the dollar-regime will only be further marginalised.

At the end of the day, the regime will then fall into disuse. Tomorrow, it will no longer be possible to compromise between the dollar and Gold. Overthrowing the dollar regime will no longer even be necessary. (9, again)

If the Gleco wants to worsen The Greater Depression in the rest of the world, Asia does not mind.

Asia is decoupling from that remnant of the planet.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
irredeemable digital liquidity & fractional-reserve banking are fraudulent – Let the system collapse now!
http://bphouse.com/honest_money/worthless-digital-liquidity-and-fractional-reserve-banking-are-fraudulent-%e2%80%93-let-the-system-collapse-now/

(2)
Global economic council should oversee all
By Timothy Adams and Arrigo Sadun
Published: August 16 2009 18:51 | Last updated: August 16 2009 18:51
http://www.ft.com/cms/s/0/f253db24-8a8b-11de-ad08-00144feabdc0.html
SNIP
How do you transform the International Monetary Fund, an institution until recently widely criticised for its lack of legitimacy and representativeness, on the verge of irrelevance, into the international community’s premier tool for fighting the global crisis? Simply by throwing the full support of world leaders behind it.
How do we ensure that this unprecedented support and co-ordination at the international level does not evaporate once the crisis is over? By transforming bodies such as the Group of 20 and Group of Eight leading nations into a global economic council (Gleco). This new international body should oversee the proper functioning of the global economy and the stability of the international financial system by providing close political support and strategic guidance to all international financial institutions.

(3)
China-ASEAN Looking to New FTA, and Decoupling from US and EU
By CSC staff, Shanghai, Published:August 17,2009
http://www.chinastakes.com/2009/8/china-asean-looking-to-new-fta-and-decoupling-from-us-and-eu.html
SNIPS
The China-ASEAN FTA will give the region new momentum for growth and a decoupling from the West
+
The decoupling process may be strengthened by an emerging hard currency in the region, China’s yuan. ASEAN has been China’s fourth largest trade partner. China wants to test its strategy of making the yuan a trade settlement currency in the FTA. In 2008, China-ASEAN trade reached US$231.12 billion, over 1 trillion yuan. Once the FTA is launched in 2010, the total trade among China and ASEAN members should reach US$4.5 trillion. Yuan trade settlement will bring business to financial institutions in the area.   

(4)
Four Gulf states sign deal on monetary union
By Paul Handley (AFP) – Jun 7, 2009
http://www.google.com/hostednews/afp/article/ALeqM5hunVGu3zlcK6uA_cia8bmLdrk4KQ
SNIP
RIYADH (AFP) — The oil-rich Gulf Cooperation Council took a major step towards a single currency union on Sunday when four members signed a pact to create a joint monetary council after years of hesitation.\

(5)
http://bphouse.com/honest_money/gold-and-oil/

(6)
Leaders: China seeks friendly ties with Islamic countries
http://news.xinhuanet.com/english/2009-08/14/content_11883651.htm
SNIP
BEIJING, Aug. 14 (Xinhua) — China would cement friendship and cooperation with the Islamic countries based on the Five Principles of Peaceful Co-existence, President Hu Jintao said Friday afternoon.
+
Chinese Premier Wen Jiabao also met with the crown prince on Friday.
+    [Wen] said China would like to actively consult with the Gulf Cooperation Council (GCC) for early consensus on signing a free trade pact.

(7)
China, ASEAN to have full free-trade area by 2010
http://news.xinhuanet.com/english/2009-08/11/content_11864830.htm
SNIP
BEIJING, Aug. 11 — China-ASEAN (Association of Southeast Asian nations) Free Trade Area would be completely operative in 2010 as scheduled, according to sources from the Fourth Pan Beibu Gulf Economic Cooperation Forum held recently in Nanning city, the capital of south China’s Guangxi autonomous region.

(8)
India signs partial free-trade pact with ASEAN (Roundup)
Business News
Aug 13, 2009, 10:29 GMT
http://www.monstersandcritics.com/news/business/news/article_1495230.php/India-signs-partial-free-trade-pact-with-ASEAN-Roundup
SNIP
Bangkok – The Association of South-East Asian Nations (ASEAN) Thursday signed a partial free-trade agreement with India which is expected to boost annual bilateral trade by an estimated 13 billion dollars over the next six years.

(9)
Chinese Mercantilism?
Posted by Ivo Cerckel on April 25th, 2009
http://bphouse.com/honest_money/2009/04/25/chinese-mercantilism/

Business cycles are therefore not rooted deep within the free-market economy and booms and then busts do not just simply happen. But one phase of the cycle flows logically from the other.

The initial phase from which everything follows central bank stimulation of bank credit expansion. (2) 

It is inflation, especially in the form of credit expansion, that sets the stage for financial contractions and deflations – i.e., for depressions. (3)

By inflation, entrepreneurs misallocate capital resources into areas that would not attract investment if the money supply remained stable. (4)

This misallocation is called “malinvestment”. (5)

THE HOLY KORAN & PREVENTION OF INFLATION

We have established that the business cycle with its booms and busts is caused by central bank stimulation of bank credit expansion.
The question how the Holy Koran teaches that booms and busts must be prevented becomes then the question how the prevent inflation, especially in the form of credit expansion.

As Milton Friedman, a Nobel Prize winning economist, once said, “inflation is always and everywhere a monetary phenomenon”.

The Holy Koran says in Verse 161 of Surah An Nisaa’:
That they took usury, though they were forbidden; and that they devoured men’s substance wrongfully;- we have prepared for those among them who reject faith a grievous punishment.\

This blogger asks:
When one party gives something of value
and the other party pays him with something,
in this case paper, of no value,
and when one party’s wealth is created out of thin air,
while the other party has to slave and earn to pay off the ill-gotten credit or loan,
is this not devouring of other people’s wealth?

This means that money in Islam must have intrinsic value.
If not, the buyer is devouring the seller’s wealth.

There is moreover a Hadith of Prophet Muhammed (Peace and Prayers be upon Him) in the Sahih Muslim which teaches:
“Abu Said Al Khudri reported Allah’s messenger as saying:
“gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, and salt for salt. (When a transaction is) like for like, payment being made on the spot, then, if anyone gives more or asks more, he has dealt in riba, the receiver and the giver being equally guilty.”

This Hadith of Prophet Muhammed establishes two things:

ONE ‘money’ in Islam is either precious metals such as gold and silver, or commodities such as wheat, barley, dates and salt.

TWO when gold, silver, wheat, barley, dates and salt were used as money, their value was ‘inside’ and not outside’ the money.

Hence, it is established that ‘money’ in Islam must possess intrinsic value.  (6)

In order for Islamic finance to help break the vicious cycle of boom and bust, Islamic finance must return intrinsic value to money.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
‘Islamic finance can help break the vicious cycle of boom and bust’
Mushtak Parker | Arab News
Monday 17 August 2009 (26 Sha`ban 1430)
http://www.arabnews.com/?page=6§ion=0&article=125545&d=17&m=8&y=2009

‘(2)
Murray N. Rothbard, Economic Depressions: Their Cause and Cure
http://www.lewrockwell.com/rothbard/rothbard183.html

(3)
George Reisman, “Capitalism – A Treatise on Economics”, Ottawa, Illinois: Jameson Books, 1998, 3rd ed., p. 938

(4)
http://en.wikipedia.org/wiki/Austrian_business_cycle_theory

(5)
Murray N. Rothbard, “Man, Economy, and State – A Treatise on Economics”, Auburn, Alabama: Ludwig von Mises Institute 2001, (originally published 1962), p. 861

(6)
Imran N. Hosein, “Explaining the Disappearance of Money with Intrinsic Value”, paper delivered at the International Conference on the Gold Dinar Economy, held in Kuala Lumpur on 24 and 25 July 2007, p. 1

Joel Rathus from Adelaide University is arguing that Asia’s monetary future lies with the internationalisation of the yen, the Japanese currency, not with the internationalisation of the Chinese currency, the yuan or renminbi. (1)

On 15 July 2009, Rathus was arguing
that what is not usually raised in the discussion of China’s (high profile) criticism of the USD is that China is not the first Asian giant to propose that the world, or at least the region, move away from the dollar as the intermediate currency of choice
and
that as Japan’s IIMA points out, Japanese Yen is still a more suitable currency to inherit part of the USD mantle than the Chinese yuan. (2)

Let me show why the debate concerns the internationalisation of the yuan or renminbi, and not yen internationalisation.

China is increasing its gold reserves in order to achieve FreeGold, a freely floating price of Gold as an alternative to the dollar regime. FreeGold makes Gold the natural vehicle to temporarily or eternally store one’s wealth in, in order to be able to later convert it into tangible wealth.

Four of the six Gulf Co-operation Council (GCC) states will in 2010 set up the Gulf Monetary Council (GMC), a precursor to the Gulf Central Bank which, the latter, will issue the GCC single currency. (3)  As oil, the GCC commodity par excellence, is the only commodity in the world that is large enough for Gold to hide in, Gold is hiding in there. (4)

China is seeking to set up a free-trade zone with the GCC. (5)

By 2010, when the GMC will be set up, China will be in a free-trade-zone with the Association of South-East Asian Nations (ASEAN). (6)

In 2010, ASEAN will also have free-trade zone with India. (7)

Still, Rathus is arguing that the debate concerns yen internationalisation,
not the internationalisation of the yuan or renminbi.

The Chinese want the world to know that they are increasing their Gold reserve in order that the product (the “fruit”) of their wealth be consolidated with a view to further fructifying. (8)

If FreeGold were to be further postponed, the dollar-regime will only be further marginalised. At the end of the day, the regime will then fall into disuse. Tomorrow, it will no longer be possible to compromise between the dollar and Gold. Overthrowing the dollar regime will no longer even be necessary. (8, again)

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Japan, the DPJ and regional financial arrangements
August 11th, 2009
Author: Joel Rathus, Adelaide University
http://www.eastasiaforum.org/2009/08/11/japan-the-djp-and-regional-financial-arrangements/
http://www.eris-in-asia.blogspot.com/

(2)
Wednesday, 15 July 2009
Internationalisation of the Yuan (not the Yen)
http://eris-in-asia.blogspot.com/2009/07/internationalisation-of-yen-yuan.html

(3)
Four Gulf states sign deal on monetary union
By Paul Handley (AFP) – Jun 7, 2009
http://www.google.com/hostednews/afp/article/ALeqM5hunVGu3zlcK6uA_cia8bmLdrk4KQ
SNIP
RIYADH (AFP) — The oil-rich Gulf Cooperation Council took a major step towards a single currency union on Sunday when four members signed a pact to create a joint monetary council after years of hesitation.\

(4)
http://bphouse.com/honest_money/gold-and-oil/

(5)
Leaders: China seeks friendly ties with Islamic countries
http://news.xinhuanet.com/english/2009-08/14/content_11883651.htm
SNIP
BEIJING, Aug. 14 (Xinhua) — China would cement friendship and cooperation with the Islamic countries based on the Five Principles of Peaceful Co-existence, President Hu Jintao said Friday afternoon.
+
Chinese Premier Wen Jiabao also met with the crown prince on Friday.
+    [Wen] said China would like to actively consult with the Gulf Cooperation Council (GCC) for early consensus on signing a free trade pact.

(6)
China, ASEAN to have full free-trade area by 2010
http://news.xinhuanet.com/english/2009-08/11/content_11864830.htm
SNIP
BEIJING, Aug. 11 — China-ASEAN (Association of Southeast Asian nations) Free Trade Area would be completely operative in 2010 as scheduled, according to sources from the Fourth Pan Beibu Gulf Economic Cooperation Forum held recently in Nanning city, the capital of south China’s Guangxi autonomous region.

(7)
India signs partial free-trade pact with ASEAN (Roundup)
Business News
Aug 13, 2009, 10:29 GMT
http://www.monstersandcritics.com/news/business/news/article_1495230.php/India-signs-partial-free-trade-pact-with-ASEAN-Roundup
SNIP
Bangkok – The Association of South-East Asian Nations (ASEAN) Thursday signed a partial free-trade agreement with India which is expected to boost annual bilateral trade by an estimated 13 billion dollars over the next six years.

(8)
Chinese Mercantilism?
Posted by Ivo Cerckel on April 25th, 2009
http://bphouse.com/honest_money/2009/04/25/chinese-mercantilism/

Our Masters could not possibly have determined in advance what the consequences of irredeemable, at least unbacked, paper money, fractional-reserve banking and thalidomide would be.
They cannot determine ANY (actual) consequence (in advance), even when this consequence is already in the advanced stages of being obvious in reality, that is, in the advanced stages of  manifesting itself in reality.
Our Masters can only proceed to wishful thinking and believe in miracles or wonders.
Nor can our Masters, after the facts, recognise and admit their cognitive and general incompetence.

DISCLAIMER: This blogger is insane … at least by conventional standards

It’s Not a Recession, and It’s Not Over

The Mind and The Body

Nobody saw the present crisis coming.

Nobody knew that irredeemable, at least unbacked, paper money and fractional-reserve banking were bound to bring us here.

Our monetary and banking systems are broken.

Our Masters are afraid or rather ashamed to recognise that they built each of these systems as a house of cards.

Just like nobody dares to make explicit, that is, just like everybody is ashamed to make explicit, that the thalidomide warnings of Dr Ralf Voss at the 30 April – 01 May 1960 Düsseldorf congress of neurologists (1) were known eighteen months before 27 Nov 1961 when the WONDER PILL was taken from the market by its manufacturer, CHEMIE Grünenthal GmbH in Stolberg, Aachen, not by the regulators who had allowed it in the place’

Chemistry (from Egyptian kēme (chem), meaning “earth”) is the science concerned with the composition, structure, and properties of matter, as well as the changes it undergoes during chemical reactions. It is a physical science for studies of various atoms, molecules, crystals and other aggregates of matter whether in isolation or combination, which incorporates the concepts of energy and entropy in relation to the spontaneity of chemical processes. Modern chemistry evolved out of alchemy following the chemical revolution (1773), says Wikipedia

Chemical aggregates of matter connect the dots of matter.

Sathnam Sanghera argues this morning in The Times that many of the things professionals do to de-stress are focused on relaxing the body whereas de-stressing comes down to is mind control.  (2)

And the Cartesian “cogito” (I-think) exists in a vacuum?

“Mens sana in corpore sano” (a healthy mind in a healthy body) is no longer applicable?

“Corpus” (genitive “corporis”, ablative “corpore”) in Latin means “corpse” in English?
Yes, right, the former could well be the etymological origin of the latter.

Right, our monetary and banking systems have no body.

Even our Masters are ashamed of these systems.

They (the systems or the Masters? Good question!) are corpses, … thalidomide monsters.

Nothing can be connected.

It’s Not a Recession, and It’s Not Over—Richard Posner
August 9, 2009
http://www.becker-posner-blog.com/archives/2009/08/its_not_a_reces.html

And we wonder how the heck we got there …

Of course, the reactions could not be predicted, say our Masters …

Not only economics is a dismal science because of the pessimistic though insightful economic theory of Thomas Malthus. (3)

Chemustry is also a dismal science.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Chronik des Conterganfalls
Tragödie – Katastrophe – Skandal?
http://www.wdr.de/themen/gesundheit/pharmazie/contergan/chronik.jhtml?rubrikenstyle=contergan
30. April/1. Mai 1960:
Auf einem Neurologen-Kongress in Düsseldorf berichtet der Neurologe Ralf Voss über die Nervenschädigungen, die seinen
Beobachtungen zufolge durch Thalidomid verursacht werden. Die Forschungsabteilung von Grünenthal versucht daraufhin, die Nervenschädigungen an Ratten zu reproduzieren – ohne Erfolg. Grünenthal-Forschungsleiter Mückter schließt daraus, dass es sich um besondere Situationen handelt, für die Contergan nur selten als Ursache infrage kommt.

(2)
From The Times August 10, 2009
I can’t stress this enough . . . no, really, I can’t
Sathnam Sanghera: Business Life
http://business.timesonline.co.uk/tol/business/columnists/article6789183.ece

(3)
Richard A. Posner A Failure of Capitalism
Economists on the Defensive–Robert Lucas
Aug 9 2009, 4:26PM
http://correspondents.theatlantic.com/richard_posner/2009/08/economists_on_the_defensive–robert_lucas.php

Update 1 adds insider trading

“The Sting”  – Mr. Johnston’s Letter to his Sons
15 July 1997
http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_fed08.htm
SNIP
This is about “The Sting”. This is about the sting that will smash the Great Bull Market. This is about the sting that will derail the gravy train. The sting is already in place and its trigger has already been pulled. The sting merely has to unfold. The public suspects nothing. UNSNIP

“The Royal Scam” by Anonymous Correspondent
August 2009
http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm
SNIP
Are we at the end? These massive insolvable problems: where can they lead? The inattentive political class, too selfish to care. The corrupt and venal insiders, what can they do?
+
So when you’re reading the news about how randomly careless and stupid everybody was, just remember the Argentine plan: all the right people win, all the wrong people lose, and the good people never knew what hit them. The Royal Scam.
UNSNIP

The Scam says that the good people will be wiped out.

The Sting says that those in the know (of FreeGold) will win.

“Insider trading”, you know?

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

World needs cuts to exit economic crisis: reformer
By Mary Sibierski
WARSAW, Aug 09, 2009 (AFP)
http://www.eubusiness.com/news-eu/1249787821.4
http://www.zawya.com/Story.cfm/sidANA20090809T030510ZROQ38/
SNIP
Governments need to stop their spending sprees and slash public expenditure to end the economic crisis, says Leszek Balcerowicz, the pioneer of post-communist Poland’s resilient market economy.
And the responsibility for limiting future crises lies squarely with policy-makers and the voters who elect them, says the former finance minister and central banker widely praised — and reviled — for his fiscal discipline.
“There is a widespread interpretation which ascribes the reasons for the current crisis to the free market,” Balcerowicz told AFP in a recent interview.
“I think that is generally wrong.”
UNSNIP

CONTRAST THIS TO THIS LUNATIC:

Congress needs to raise debt limit, says Geithner
Reuters  on Sunday, August 09, 2009
http://www.business24-7.ae/Articles/2009/8/Pages/08082009/08092009_80238d316e20448ebe939ccd2e744319.aspx
SNIP
US Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion (Dh44trn) statutory debt limit, saying that it could be breached as early as mid-October.
“It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations,” Geithner said in a letter to Senate Majority Leader Harry Reid. UNSNIP

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

Saudi Arabia has demonstrated a “reasonable” level of liquidity, with a loan-to-deposit ratio of 88 percent as of the end of December 2008, says Khalil Hanware today in the Arab News newspaper (1)

The virtue of “matching maturities” – matching one year loans to one year deposits and so on
– is a lesson taught in basic college finance classes.

And it is simple common sense.

But unfortunately, Saudi banks don’t do business that way.

But a bank with mismatched maturities is however bank an illiquid bank. (2)

Like all the planet’s banks, Saudi banks don’t match maturities and are thus illiquid,
i.e.,
they should be liquidated because they are fraudulent.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Deposits with Saudi banks rise to SR916 billion
Khalil Hanware | Arab News
Sunday 9 August 2009 (18 Sha`ban 1430)
JEDDAH
http://www.arabnews.com/?page=6§ion=0&article=125293&d=9&m=8&y=2009

(2)
Harry Browne, “The Economic Time Bomb”, New York, St Martin’s Press, 1989, p. 10
Many banks have a smaller net worth than you do.
If they tried to pay of all their depositors, they would have little money left/

Browne, pp. 49 – 50
A bank earns its living by taking money in from depositors, and lending the money to its customers
or investing it.
The bank’s gross profit is the difference between the interest it earns and the interest it
pays.

A bank’s assets are its cash holdings, its outstanding loans (the money owed to it by borrowers
and its investments.)
its main liabilities are its outstanding deposits – money it owes to its depositors.

Because banks generally can earn a greater return on loans than on investment,
it will lend out as much of its money as it dares.
a bank may tie up nearly all of its assets in loans – if it’s confident that only a few of its
depositors will want to withdraw their money on any day or in any short period.
A bank fails when it doesn’t have enough cash available to pay the depositors who want to
withdraw their money – even if the bank’s assets are worth enough money to pay everyone
eventually

Browne, p. 50
§ MATCHING MATURITIES

for a bank, LIQUIDITY is the key
the availability of enough cash (or assets that can be converted to cash immediately) to honour
all withdrawal requests

To be liquid, a bank doesn’t need to have all its money in the vault.
But it does need to arrange its loans and investments to allow for the promises that the bank has
made to its depositors.

Browne, p. 51
§ IN PRACTICE
The virtue of “matching maturities” – matching one year loans to one year deposits and so on
– is a lesson taught in basic college finance classes.
And it is simple common sense.

But unfortunately, American banks don’t do business that way
- this is done in order to increase banks’ profit margins

But a bank with MISMATCHED MATURITIES is an ILLIQUID bank.

our and their shame

The reason why we were not told the truth about the cause of our handicap was the shame of our parents
(my father, Henri Hendrik Cerckel, a medical doctor, having done it on purpose,
my mother being too stupid to understand this result of her arranged marriage).

We are however also ashamed and the “culture” also. (1) (2)

Indeed, at our births, everybody acted badly. This has frightened us within minutes. We have concluded within those same minutes that there was something wrong with us.
[Interesting questions:
Something wrong vis-à-vis what?
Did we know at birth what is “normal”?
Did we conclude that there was no order outside of the womb?]

This reaction has been stored. The conclusions we draw from this storage, i.e., the shame, prevent us from acting comfortably with people.

This shame is “asking” energy. Emotions are energy felt in the body. Positive emotions are useful. Negative emotions interfere with [our capacity to enjoy life].

Our energy is wrapped up in shame. This energy should be freed up.

Our handicap is not the missing limbs. It is the shame.

Shame can make people sick, making them want to disappear, jeopardising their life.

People humiliate/shame us because we are monsters. (3)

Shame is not only with our parents.

It is also in the CULTURE.

This SUCKS – gloog

Therefore,

1.
nobody dares to make explicit to us that the thalidomide warnings of Dr Ralf Voss at the 30 April – 01 May 1960 Düsseldorf congress of neurologists (4) were known eighteen months before 27 Nov 1961 when our drug was taken from the market.
(I was born February 1962)

2.
after half a century, we still have to fight AGAINST (our and) their shame.

The shame explains why we were never (fully? – I didn’t yet receive anything) compensated for the damage we are still suffering.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Culture is the values, beliefs, behaviour, and material objects that together form a people’s way of life. Culture includes what we think, how we act, and what we own. Culture is both a bridge to our past and a guide to the future.
(John J. Macionis, “Sociology”, Prentice Hall, 2003 inr’l ed., p. 61 referring to Wolf Soyinka, “Africa’s Culture Products”, in: “Society”,  Vol. 28, No 2, January-February 1991, pp. 32 – 40).

(2)
Cultural forces constantly mould human biology. For example, culture is a key environmental force determining how human bodies will grow and develop. Cultural traditions promote certain activities and abilities, discourage others and set standards of physical well-being and attractiveness. Physical activities, including sports, which are influenced by culture, help build the body. For example, North American girls are encouraged to pursue, and therefore do well in, competitive track and field, swimming, diving, and many other sports [...] Why are girls encouraged to excel as athletes in some nations but discouraged from physical activities in others [e.g. Latin America]?
(Conrad Phillip Kottak, “Anthropology – The Exploration of Cultural Diversity”, McGraw Hill, 2000, 8th ed. p. 7)

(3)
If I used the noun “monster”, this is for the reason which makes you afraid of it.
Look at the dictionary definition
(a grossly malformed or markedly malformed animal or plant – Webster’s).
We satisfy this definition.
Ayn Rand gave the answer “for the reason which makes you afraid of it” to the question why she had written a book under the title “The Virtue of Selfishness”.
I do the same for “monster”. This puts the guilt on you, my dear reader, if any …
Any guilt or any reader? Good question!

(4)
Chronik des Conterganfalls
Tragödie – Katastrophe – Skandal?
http://www.wdr.de/themen/gesundheit/pharmazie/contergan/chronik.jhtml?rubrikenstyle=contergan
30. April/1. Mai 1960:
Auf einem Neurologen-Kongress in Düsseldorf berichtet der Neurologe Ralf Voss über die Nervenschädigungen, die seinen
Beobachtungen zufolge durch Thalidomid verursacht werden. Die Forschungsabteilung von Grünenthal versucht daraufhin, die Nervenschädigungen an Ratten zu reproduzieren – ohne Erfolg. Grünenthal-Forschungsleiter Mückter schließt daraus, dass es sich um besondere Situationen handelt, für die Contergan nur selten als Ursache infrage kommt.

notre et leur honte

On ne nous a pas dit la vérité concernant la cause de notre handicap
à “cause” de la honte de nos parents
(mon père Henri Hendrik Cerckel, médecin, l’ayant fait exprès,
ma mère étant trop bête que pour comprendre cette conséquence de son mariage arrangé).

Nous avons également honte et la culture aussi.  (1) (2)

Lors de nos naissances tout le monde a mal agi. Ceci nous a effrayé endéans quelques minutes. Nous avons conclu pendant ces mêmes minutes que quelque chose clochait
[Questions intéressantes :
Clochait vis-à-vis quoi?
Savions-nous à  la naissance ce qui était “normal’?
Avons-nous conclu qu’il n’y a avait pas d’ordre hors de la matrice ?]

Cette réaction a été emmagasinée, enregistrée, dans notre mémoire. Les conclusions que nous déduisons de cet enregistrement, c’est-à-dire  la honte, nous empêchent d’agir confortablement avec les autres.

Cette honte consomme de l’énergie. Les émotions sont de l’énergie ressentie dans/par le corps. Les émotions positives sont utiles. Les émotions négatives limitent notre capacité d’avoir un plaisir de vivre.

Toute notre énergie est emballée dans la honte. Il faudrait la libérer.

Notre handicap, ce ne sont pas les membres qui nous manquent. Notre handicap c’est la honte.

La honte peut rendre malade et peut faire de sorte que ses sujets souhaitent disparaître.  Ce faisant, ils mettent leur vie en danger.

On nous humilie, nous “hontise”, nous faisons honte parce que nous sommes des monstres. (3)

Mais la honte ne se situe pas uniquement chez nos parents.

La CULTURE aussi a honte.

Ceci nous SUCE notre énergie – gloug

dès lors

1.
personne n’ose rendre explicite que l’alerte à la thalidomide du Dr Ralf Voss au congrès de neurologues des 30 avril – 1er mai 1960 à Düsseldorf (4) étaient connus de tous dix-huit mois avant le 27 novembre 1961, date à laquelle le médicament fut retiré du marché.
(Je suis né en février 1962.)

2.
après un demi siècle, nous devons toujours nous battre CONTRE (notre et leur) honte.
Cette honte explique pourquoi nous n’avons toujours pas été (entièrement? – moi je n’’ai encore rien reçu) dédommagés pour le dommage que nous subissons toujours.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Culture is the values, beliefs, behaviour, and material objects that together form a people’s way of life. Culture includes what we think, how we act, and what we own. Culture is both a bridge to our past and a guide to the future.
(John J. Macionis, “Sociology”, Prentice Hall, 2003 inr’l ed., p. 61 referring to Wolf Soyinka, “Africa’s Culture Products”, in: “Society”,  Vol. 28, No 2, January-February 1991, pp. 32 – 40).

(2)
Cultural forces constantly mould human biology. For example, culture is a key environmental force determining how human bodies will grow and develop. Cultural traditions promote certain activities and abilities, discourage others and set standards of physical well-being and attractiveness. Physical activities, including sports, which are influenced by culture, help build the body. For example, North American girls are encouraged to pursue, and therefore do well in, competitive track and field, swimming, diving, and many other sports [...] Why are girls encouraged to excel as athletes in some nations but discouraged from physical activities in others [e.g. Latin America]?
(Conrad Phillip Kottak, “Anthropology – The Exploration of Cultural Diversity”, McGraw Hill, 2000, 8th ed. p. 7)

(3)
Si je dis “monstre”, c’est for the reason which makes you afraid of it.
Regardez la définition d’origine au dictionnaire
(être représentant une malformation importante – Larousse).
On répond à cette définition.
Ayn Rand donnait la réponse  “for the reason which makes you afraid of it”
à la question de savoir pourquoi elle avait écrit un livre
sous le titre  “The Virtue of Selfishness”.
“Selfishness” c’est  “égoïsme”.
Moi, je fais la même chose pour  “monstre”.
Cela culpabilise les autres.

(4)
Chronik des Conterganfalls
Tragödie – Katastrophe – Skandal?
http://www.wdr.de/themen/gesundheit/pharmazie/contergan/chronik.jhtml?rubrikenstyle=contergan
30. April/1. Mai 1960:
Auf einem Neurologen-Kongress in Düsseldorf berichtet der Neurologe Ralf Voss über die Nervenschädigungen, die seinen
Beobachtungen zufolge durch Thalidomid verursacht werden. Die Forschungsabteilung von Grünenthal versucht daraufhin, die Nervenschädigungen an Ratten zu reproduzieren – ohne Erfolg. Grünenthal-Forschungsleiter Mückter schließt daraus, dass es sich um besondere Situationen handelt, für die Contergan nur selten als Ursache infrage kommt.

Update 1 added possibly related news
Update 2 adds the text of that news

At the Thursday 06 August 2009 European Central Bank press conference after the meeting of its governing council leaving interest rates unchanged at 1%, ECB president Jean-Claude Trichet said that Italy’s projected tax capital gain on the gold reserves of the Bank of Italy raises concerns as regards infringements of community law and that the ECB has a negative judgement of this piece of legislation.

I am waiting for the transcript of this question and answer to appear on
http://www.ecb.int/press/pressconf/2009/html/is090806.en.html

But in the meantime, I cannot but wonder what implications this has for FreeGold.

Is the following news item perhaps related?

Central banks to lower gold sales ceiling
By Javier Blas in London
Published: August 7 2009 12:10 | Last updated: August 7 2009 17:08
http://www.ft.com/cms/s/5f5fbefa-8338-11de-a24e-00144feabdc0,s01=1.html
SNIP
Gold bulls were given a psychological boost on Friday as European central banks announced a lower ceiling than expected for their bullion sales over the next five years, reducing their annual quota by 20 per cent to 400 tonnes. UNSNIP

European central banks will thus sell less gold than expected

Here’s the text
PRESS RELEASE
7 August 2009 – Joint Statement on Gold
http://www.ecb.int/press/pr/date/2009/html/pr090807.en.html
SNIP
In the interest of clarifying their intentions with respect to their gold holdings the undersigned institutions make the following statement:
1. Gold remains an important element of global monetary reserves.
2. The gold sales already decided and to be decided by the undersigned institutions will be achieved through a concerted programme of sales over a period of five years, starting on  27 September 2009, immediately after the end of the previous agreement. Annual sales will not exceed 400 tonnes and total sales over this period will not exceed 2,000 tonnes.
3. The signatories recognize the intention of the IMF to sell 403 tonnes of gold and noted that such sales can be accommodated within the above ceilings.
4. This agreement will be reviewed after five years. UNSNIP

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

BANK OF ITALY: TRICHET, CONCERNS ABOUT GOLD TAX
http://www.agi.it/business/news/200908061609-eco-ren0046-bank_of_italy_trichet_concerns_about_gold_tax
- Frankfurt, 6 Aug. – The measure taken by the Italian government to tax capital gain on the gold reserves of the Bank of Italy ”raises serious concerns”, said ECB president Jean Claude Trichet. The ECB, Trichet continued thinks that this law ”is very negative”. It raises ”serious concerns” on the possible encroachment of EU regulations. Regarding a possible appeal against the measure, Trichet said that the Italian government has promised to apply it only if the ECB and the Bank of Italy approve it. ”I don’t want to make predictions” he added. ”We’ll see what happens”