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    Archive for September, 2011

    Freegold and Mumbai 15-16 November 2011 International Banking Summit

    Posted by Ivo Cerckel on 20th September 2011

    1.
    YES BANK LIMITED, the state-of-the-art high quality, customer centric, service driven, private Indian Bank catering to the “Future Businesses of India”, in collaboration with FINANCIAL TIMES, the world’s leading business newspaper, is hosting on November 15 and 16 at the Taj Mahal Palace Hotel in Mumbai, India, the first-of-its-kind International Banking Summit
    “Maximising Future Opportunities in India’s Fast-Growing Financial Sector”,
    one of the largest platforms for the international banking industry to meet with its Indian counterparts.
    http://www.ftconferences.com/yesbank2011/

    The Indian banking sector has undergone a profound transformation since the first key liberalisation moves two decades ago. Although the financial industry remains largely state-controlled, private banks have multiplied and grown rapidly, with an increasing presence abroad, while foreign institutions have a notable, though still constrained, share of the market.

    As the Indian banking sector becomes increasingly INTEGRATED into the global financial system, it faces new and pressing challenges, both regulatory and competitive. The Reserve Bank of India is expected to allow large conglomerates to acquire banking licenses, with the main aim of BOOSTING FINANCIAL INCLUSION, while foreign banks may be allowed to expand their business by setting up wholly owned subsidiaries.

    The Summit will
    discuss these changes are being as the better performing emerging economies such as India gain ever-increasing global attention
    and address the challenges and explore how they can be turned into opportunities for both local and foreign institutions.
    http://www.yesbank.in/index.jsp?navigationUrl=%2FYES+Bank+Repository%2Fen%2FCorporate+Banking%2FInternational+Banking%2FFT-YES+BANK+International+Banking+Summit+2011

    2.
    This blogger thought that the commodity with which banks conduct their business is called “money” or “currency” and is therefore very surprised that the rupee, nor a fortiori the gold-rupee, is on the programme.

    Money, read “currency”, is a substance, a thing to which we can refer by the use of the demonstrative phrase “this so-and-so”, readily acceptable in exchange by everyone in a given geographical area and is sought for the purpose of being re-exchanged,
    (George Reisman, “Capitalism – A Treatise on Economics”, Ottawa, Illinois: Jameson books, 1998. 3rd ed. p. 142)

    “Money” is a dead, meaningless concept. If you want to use it, then define it.
    Circulating Currency has a concrete meaning.
    (Windmills, Paper Tigers, Straw Men and Fallacious Fallacies
    by FOFOA
    December 28, 2010
    http://fofoa.blogspot.com/2010/12/windmills-paper-tigers-straw-men-and..html

    Whereas before 15 August 1971, when USA President Richard Nixon broke the Bretton Woods system, the US dollar was a Gold derivative, current IMF rules (article IV, section 2, (b), of the IMF Articles of Agreement) prohibit members from linking their currencies to Gold.
    Since that date, the IMF has no more reason of existence.
    If the IMF continues to exist, this is in order to support the bankrupt dollar regime, thereby making of Gold a dollar derivative.
    This blogger submits that power is the ability of creation of unproductive debt for which you came others pay so that the creditor enjoys a risk-free life.

    Gold is nobody’s debt, safe from default. This allows the man in the street to collect gold reserves which are less risky than the currency of the country he’s living in

    3.
    The programme of the Mumbai International Banking Summit argues that as the
    Indian banking sector becomes increasingly INTEGRATED into the global financial system.
    the Reserve Bank of India (RBI) is expected to allow large conglomerates to acquire banking licenses, with the main aim of BOOSTING FINANCIAL INCLUSION, while foreign banks may be allowed to expand their business by setting up wholly owned subsidiaries.

    One of the main aims of the European Integration project is that of MARKET INTEGRATION. Thus the [founding 1957 European Economic Community (EEC)] Treaty sought from the outset to ensure the free movement of goods, persons and services within the European Union. With time, the Treaty also included in its aims the free movement of capital and a single currency for some of its Member States.
    (Wyatt and Dashwood’s, “European Union Law”, 2011, 6th ed., p. 391)

    [EEC] Treaty provisions regarding the movement of capital are in the nature of a programme rather than directly applicable measures. Moreover, Community legislation is meant to assume a co-ordinating rather than strictly normative rôle. In this respect there is little room for case law to develop, the work being left to the legislator facing a political challenge because the issues, as in taxation, touch the raw nerve of economic control.
    (Dominic Lasok and John W. Bridge, “Law and Institutions of the European Communities”, Butterworths, 1991, 5th edition, p. 474).

    European Central Bank chief Trichet’s predecessor Duisenberg said in 2002 upon receiving the Charlemagne Prize in Aachen that
    the euro is the first currency that has not only severed its link to gold, but also its link to the nation-state
    http://www.ecb.eu/press/key/date/2002/html/sp020509.en.html

    Did Duisenberg thereby remove the raw nerve of economic control ?

    Upon receiving the same prize in June 2011, Trichet himself said:
    The {Maastricht] Treaty has mandated the ECB to keep safe the money of Europe’s citizens [not the guv’mints established on euroland]
    http://www.ecb.int/press/key/date/2011/html/sp110602.en.html

    Should the RBI not first allow the rupee also to sever link to gold, but also its link to the nation-state, before financial inclusion could be boosted?

    Would it not be advisable that the November 15 and 16 Mumbai International Banking Summit discuss this matter?

    4.
    FreeGold could mean that the rupee would have a gold component and a paper component, but would put a “firewall” between both so that gold’s valuation as a wealth-preserving asset cannot be pulled lower by the inevitable inflation of the paper component of circulating currencies. It would be the regular marking to market (MTM) of the RBI gold reserves, not to the Bretton Woods model of $42.2 like the USA central bank (originally $35), by the RBI which would provide that wall.

    Rupee and Freegold would be coexisting to supplement each other, without interacting with each other. That’s how the polity should achieve its democratic legitimacy. Just like Charles-Louis de Secondat, baron de La Brède et de Montesquieu (1689 – 1755), divided government power into three branches and called his idea the “separation of powers”, so does Freegold separate the gold component and paper component of the currency. Whereas Montesquieu freaks have never been able to find a way to make sure that the separation of powers is not being violated the MTM-firewall guarantees that the separation is not a vain word.

    The old gold-standard could not change human nature which dictates that no ruler can withstand the pressure to print more receipts than he has gold in reserve. The old gold-standard did moreover not provide for the possibility that an increase of the ounces, kilograms, or tonnes of gold held in reserve would lead to an increase in the currency’s value. Its chief weakness was however that it could be repealed by the politicians. (Roland Leuschel and Claus Vogt, “Das Greenspan Dossier, Wie die US-Notenbank das Weltwährungssystem gefährdet. Oder: Inflation um jeden Preis”, finanzbuchverlag.de, 2006, 3rd ed., pp. 300 and 304)

    India does not want a gold standard decreed by legislative fiat, but India wants Freedom [from oppression by the dollar regime].

    Ivo Cerckel
    ivocerckel@siquijor.ws


    Posted in Uncategorized | 2 Comments »

    De Systeemschets van het Vrijgoud

    Posted by Ivo Cerckel on 19th September 2011

    Een nu stijgende goudprijs in *ALLE* valuta betekent dat de schuldorgie haar generaal ontwaardingswerk aan het doen is.

    Nadruk op generaal = algemeen (globaal) !

    Een gevolg van 70 jaar mondiale export van de dollar-schuld sinds Bretton Woods waarbij alle currencies een $-derivaat werden.

    Logisch dat de laatst bijgekomen centrale bankster (ECB) daar in zijn reserve-architectuur ook rekening mee gehouden heeft.

    Vrijgoud is een element van oplossing kan zijn om uit deze vicieuze cerckel te geraken.

    Vrijgoud :

    *Vrij vlottend goud (goudwaarde) als oplossing*

    Het systeem van steeds hogere schulden en hogere belastingen is politiek en economisch onhoudbaar geworden op het Westerse halfrond. De gepriviligeerde macht om onproductieve schulden af te kunnen wentelen (te distribueren) op het productief gedeelte van het collectief is nu contra-productief geworden voor het algemeen belang (wat dat ook moge wezen – nationaal en internationaal). Dit is een totale verstoring van het dynamisch evenwicht tussen schuld en belasting wat enkel leidt tot economisch curariseren (“Kurieren am Symptom”) en algehele ontwaarding. Belastingen dienen niet om onproductieve schuld liquide te houden maar zouden enkel kunnen ingesteld om productieve diensten en infrastructuur te leveren aan het collectief.
    Een correct gedoseerde politieke economie kan en mag niet (onproductief) schuld gedreven zijn.
    Da’s ondiplomatiek – ik weet het – dat was ook mijn bedoeling – ik ben nu eenmaal anarchist.

    De gepriviligeerde macht om schulden te kunnen maken waarvoor je anderen kunt laten opdraaien is pervers. Cfr. Charles de Gaulle over het dollar-systeem en regime.

    Private winst ten koste van oplopende collectieve schuld is totaal uit den boze. Is een politiek (systemisch) probleem van de verkeerde opties/policies.

    Belastingvrij (1) Vrijgoud maakt het misbruik van deze macht onmogelijk. Omdat daarmee kapitaal zich automatisch enkel gaat richten op produktieve investeringen in plaats van het (noodgedwongen) najagen van onproductief rendement in de Financiële Industrie en/of vluchten in steriele nutteloosheid om te ontsnappen aan belasting en ontwaarding.

    Kapitaal moet veilig kunnen rusten (consolideren) in een goud-rijkdom-reserve waar het intact kan wachten op productieve investeringskansen. Schuld-gedreven stimulatie van kapitaal is a priori verkeerd omdat het de harmonische ontplooiing van welvaartsgroei grondig (structureel) verstoort.

    Vrijgoud( renteloos) moet alle koopkracht continu en intact kunnen blijven garanderen om als (tijdelijke-eeuwig) rustplaats te kunnen functioneren voor ongebruikte (gereserveerde) overschotten (reserves) van de Vijand (Leviathan) en van de particulier.

    Dezevrijgoud-theorie kan misschien mooi klinken, maar we gaan die eens toetsen aan de realiteiten over de voorbije 12 jaar (40 jaar – 1971):
    1/ Uw onroerend goed : Is dit “netto” koopkracht behoudend? Woonhuis-Opbrengst handelspand-Vakantiewoning-Grond. Wie maakt er een boekhouding van alle kosten en baten tot aan de verkoop?
    2/ Uw aandelen portefeuille? Zelfde vraag: Wie heeft er een boekhouding van alle winsten/verliezen?
    3/ Uw cash en schuldpapier? Spaarboekje-Obligaties/kasbons
    Nadruk op –netto- en identieke –koopkracht- ! Bvb. Instandhoudingskosten en alle lasten (ook leningkost) van onroerend goed. Aandelen portefeuille : Netto aangroei = Winst – verlies. Muntontwaarding (ECHTE prijsinflatie) over periode van deposito.

    CONCLUSIE
    Is goud nu al meer dan een decade de (enigste) winnaar? Waarom zou dat de volgende decade mogelijks anders zijn !?
    De voorbije 60 jaar hebben jullie daar in België een serieuze welvaart/welzijnsgroei gekend. Deels omdat we véél productiever gingen werken (mechanisering), MAAR VOORAL OMDAT DE SCHULD ENORM IS TOEGENOMEN. En dat meet ik niet alleen aan de staatsschuld ! Maar ook aan alle spaartegoeden (en beleggingen = papier) die in hoofdzaak opgestapelde SCHULD zijn onder de vorm van uitgestelde consumptie ! En hier slagen er velen in een (kwaaie) knoop.
    -Stel dat velen (bvb. Slechts 10%) hun aandelen/obligaties/onroerend goed, beginnen te verkopen omdat de schulden maar blijven oplopen en daarom de belastingsontvangers nog driester te werk gaan. Wat zijn de gevolgen? Total collaps door massale vlucht ! Cfr. Griekenland als modelvoorbeeld op microschaal. Als de oplopende schulden niet liquide kunnen gehouden worden door hogere belastingsheffing,dan gaat men geld bijproduceren en ontwaardt uw schuld sparing. Dus ook een reden om te vluchten (zeker uit papier).
    Er gaat dus steeds minder naar PRODUCTIEVE investeringen en meer naar hetschuldcircus ! Afbouw in plaats van opbouw.

    Ivo Cerckel
    honestmoney@maktoob.com

    NOOT

    (1)
    het onderscheid tussen belasting en diefstal is nog altijd dat de dief periodisch terugkomt noch beweert in het algemeen belang te stelen.


    Posted in Uncategorized | Comments Off on De Systeemschets van het Vrijgoud

    Ongestructureerde Vrijgoudmijmeringen voor Frans baron van Daele op 28 september @ v/h Bank van Antwerpen

    Posted by Ivo Cerckel on 19th September 2011

    Ene Amerikaan, genaamd Lawrence Summers, Charles W. Eliot University Professor at Harvard, schrijft vandaag in Financial Times:
    The reality is that Europe’s politicians have for the past decade dismissed the widespread view among experienced monetary economists that multiple sovereigns with independent budgeting and banking regulation will over time place unsustainable strains on a common currency
    http://www.ft.com/intl/cms/s/2/5eaa83dc-dfca-11e0-b1db-00144feabdc0.html#axzz1YMWpQ9Pf

    Die vent heeft schrik voor dollarhegemonie en verwart de crisis van de Leviathans opgesteld in de eurozone met de euro..

    Jaja, het is dezelfde:
    Lawrence Henry Summers […] served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. […] Summers is the Charles W. Eliot University Professor at Harvard University’s Kennedy School of Government.
    http://en.wikipedia.org/wiki/Lawrence_Summers

    Herman Van Rompuy is (the Belgian) president of the European council. His chief of staff (chef de cabinet) is Baron Frans van Daele, formerly Belgian ambassador to, variously, the US of A, the UN, the EU and NATO and chief of staff of Belgian Foreign Ministers.
    http://en.wikipedia.org/wiki/Herman_Van_Rompuy

    Baron van Daele will address the alumni of the Katholieke Universiteit Leuven in a debate on
    the economic ituation
    under the question
    “Does the euro still have a future?
    http://alum.kuleuven.be/verenigingen/Antwerpen.html
    op woensdag 28 september 2011 om 19u30

    In het Groot Auditorium van BNP Paribas Fortis op de Meir/Wapper, Antwerpen.
    Programma
    SNIP
    21u25 Slotwoord door Frans baron van Daele, Voorzitter van Alumni Lovanienses vzw
    UNSNIP

    Monday, September 12, 2011 Once Upon a Time
    http://fofoa.blogspot.com/2011/09/once-upon-time.html
    (FOFOA = Friend of Friend of Another
    FOA = Friend of Another)

    In my opinion, there are two things we learned from ANOTHER via his mouthpiece FOA that outweighed all the other great insights they shared. Those two things are:
    1. The true purpose behind the euro and its architecture, and
    2. The effect the approaching euro launch would have on gold.
    +
    What we learned from ANOTHER thirty years later was:
    1. The purpose of the euro was to provide an international transactional alternative to the dollar.
    2. The consequence of the launch of the euro would be that gold would undergo “the most visible transformation since it was first used as money.”

    China: Hilfe für Europa nur mit Sicherheiten
    Deutsche Mittelstands Nachrichten |
    Veröffentlicht: 18.09.11, 00:23 | Aktualisiert: 18.09.11, 00:31 | ]
    http://www.deutsche-mittelstands-nachrichten.de/2011/09/25169/
    UITREKSEL
    Für die Chinesen steht fest: Es wird keine Blanko-Schecks für strauchelnde europäische Staaten geben. China fordert handfeste Sicherheiten – auch in der Form, dass starke europäische Staaten diese für die schwächeren stellen

    Macht = De capaciteit om onproductieve schulden te maken waarvoor ge anderen (productieven) kunt laten opdraaien zodat de schuldeiser zich gedekt weet.

    Goud neemt die perverse macht af.

    Dat is de kern van het debat !

    Denk eens aan de dollar multi trillion CDS (credit default swap) : Verzekering tegen schuld faling !!!
    Dit is COMPLETE onzin.

    Er is maar één VERZEKERING TEGEN FALENDE SCHULD : GOUDMETAAL in naakte ongecompromitteerde eigendom.

    Het is poepsimpel. We gaan uit al die mega ingewikkelde constructies (oa CDS) terug naar de goud basics.
    This not only has “everything to do with a gold bull market”, it has everything to do with a changing world financial architecture. And I have to admit: if you hated our last one, you will no doubt hate this new one, too. However, everyone that is positioned in physical gold will carry this storm in fantastic shape. This is because the ECB has no intentions of backing their currency with gold and every intention of using gold as a “free trading” financial reserve. None of the other metals will play a part in this.
    http://fofoa.blogspot.com/2011/09/once-upon-time.html

    It is quite possible that Greece and euroland will not be saved.

    Does it follow that the euro is dead?

    Pursuant to a stability and growth pact agreed in 1997 (sic) and updated in 2005, Member States have to show each year by means of stability or convergence programmes that their budgetary situation provides an adequate for price stability or that they are taking adjustment measures to that end.
    (Koen Lenaerts and Piet Van Nuffel – both @ KATHOLIEKE UNIVERSITEIT LEUVEN
    (Robert Bray and Nathan Cambien, eds.), “European Union Law”, London: Sweet & Maxwell, 2011, 3rd ed., section 11-035)

    Belgium has no guv’mint since April 2010 and thus no budget.
    The euro does not suffer.

    The guv’mint resigned in April 2010.
    That’s more than twelve months ago.

    An overlooked question is how the Belgian state, not just the guv’mint, is at present being financed. (Where’s the money for state’s expenses, including the salaries of the bureaucrats and the social-security “benefits”, coming from?)

    No budget was adopted (or voted) for 2011.

    In 2011, the Belgian state is “operating” (or not so?) on the basis of “provisional twelfths” of the budget for 2010.

    (The annual character of the budget is intended to ensure that parliament should regularly approve guv’mint’s financial proposals. It implies that the budget and the budget account must be approved each fiscal year. This fiscal year coincides with the calendar year.
    (Andre Alen @ KATHOLIEKE UNIVERSITEIT LEUVEN, ed., “Treatise of Belgian Constitutional Law”, originally published in the “International Encyclopaedia of Laws”, Kluwer, 1992, section 513)

    The only exception, contained in the constitution of federal Kingdom of Belgium, pertains to the income of His Majesty the King of the Belgians which is fixed for the duration of his reign.
    (Alen, op. cit, loc.cit., footnote (9))

    This is in order to avoid repeated parliamentary discussion on the monarchy. (Alen, op. cit., section 105)

    The guv’mint resigned in April 2010.
    Can provisional twelfths still be granted to bureaucrats and their social-security and other parasites more than twelve months after the resignation of guv’mint?

    At the beginning of 2011, the answer of the constitutional talking-heads seems to have been no.
    http://www.demorgen.be/dm/nl/5036/Wetstraat/article/detail/1181153/2010/11/10/Voorlopige-twaalfden-tot-eind-maart-2011.dhtml

    Belgium has no guv’mint since April 2010 and thus no budget.
    The euro does not suffer.

    You thought that without guv’mint, Belgium was now led by a “gouvernement des juges”?

    But Ghislain Londers, first president of the “cour de cassation”, Belgium’s supreme court, resigned on last week

    4:39 – 13 september 2011 door Guido Meeussen
    Topmagistraat Londers stapt op
    http://www.tijd.be/nieuws/politiek_-_economie_belgie/Topmagistraat_Londers_stapt_op.9103626-3136.art

    Belgium has no guv’mint since April 2010 and thus no budget.
    The euro does not suffer.

    Ergo,
    the Maastricht criteria of the 1992 stability and growth pact are of no relevance to the euro,
    quod erat demonstrandum.

    The process of marking to market (MTM) the Eurosystem’s gold reserves since 1999 held indeed in itself the potency to make “a” money out of the euro.
    It has resulted during the FIRST decade of the Freegold (ECB MTM FLOATING gold price) “experiment”, in gold rising from 30% to 60% of the Eurosystem’s (international liquidity) reserves.
    http://fofoa.blogspot.com/2010/07/gold-ultimate-wealth-consolidator.html

    http://bphouse.com/honest_money/2011/09/17/the-euro-has-no-birth-defect/

    http://fofoa.blogspot.com/2011/09/once-upon-time.html
    We are, today, at the very conclusion of a fiat architecture that is straining to cope with our changing world. Neither the American currency dollar, its world reserve monetary system or the native US structural economy it all currently represents will, in the near future, look anything as it presently does. Trained from birth, as all Western thinkers are, to read everything economic in dollar system terms; we, too, are all straining to understand the seemingly unexplainable dynamics that surround us today.
    +
    Western governments, the public and several schools of economic thought are attempting to define and explain what extent these changes will have within our financial and economic world.
    +
    Asking more; what if the architects of a competing currency system and the major players that helped guide its internal construction, all took a hand in promoting the dollar’s extended life, its overvaluation and its use; so as to buy time for this great transition in our money world?
    The actual debt machine that built much of America’s lifestyle is now going into reverse as it destroys its own currency; one built upon a stable debt system with locked down gold prices..

    We kennen de elementen waarop de dollar-macht al die tijd gestoeld was. Is vrijgoud dat nu ook zo voor de euro-macht !?
    Hoe kan het nu dat een mini Grieks probleempje (2,5% EU GDP) het ganse Westen zou onderuit halen ? Misschien is het ganse Westen een Grieks drama 🙂
    Een schuld-gedreven-politieke-economie, die aan het einde van haar atijn zit en stilaan naar de echte realiteit(en) aan het evolueren is. Ontwaken uit haar schijnrijkdom/welvaart. Het laatste stukske rechte lijn.
    De hyper-focus op de onvolkomendheden van de EU zijn een Anglo-amerikaanse maskerade. Een eindfaSe en geen nieuw begin.
    De goudrealiteit moet nu stilaan toch flinker komen boven borrelen.

    Het goud -out of the box- denken = De economische-politieke consequenties van de schuld-dynamiek een oplossing bieden.
    Schuld = Nu zoals (verlammende) curare aan het werken. Begon al onder de disciplinerende goudstandaard.
    Laat vrijgoud een collateraal zijn voor iedereen, maar zeker voor degenen die die de schuldenaars willen helpen.
    Wie wordt er armer door goudprijs stijging !? Door goud als rijkdom-consolidator.
    ANTWOORD : Al wie het privilege bezit om op schuldvorming en distributie te teren !

    This not only has “everything to do with a gold bull market”, it has everything to do with a changing world financial architecture. And I have to admit: if you hated our last one, you will no doubt hate this new one, too.. However, everyone that is positioned in physical gold will carry this storm in fantastic shape. This is because the ECB has no intentions of backing their currency with gold and every intention of using gold as a “free trading” financial reserve. None of the other metals will play a part in this.

    Here are all the quotes from Another and Friend of Another of which FOFOA reminded us in last week’s post;
    http://fofoa..blogspot.com/2011/09/once-upon-time.html

    It’s important to understand that most of the world wanted to at least see another currency that could share some of the dollar’s function. It didn’t have to replace it.. To this end, most every country gave some philosophical and political support in its creation.
    +
    Within this change, gold would undergo one of the most visible transformations since it was first used as money.
    +
    We are, today, at the very conclusion of a fiat architecture that is straining to cope with our changing world. Neither the American currency dollar, its world reserve monetary system or the native US structural economy it all currently represents will, in the near future, look anything as it presently does. Trained from birth, as all Western thinkers are, to read everything economic in dollar system terms; we, too, are all straining to understand the seemingly unexplainable dynamics that surround us today.
    +
    Western governments, the public and several schools of economic thought are attempting to define and explain what extent these changes will have within our financial and economic world.
    +
    Asking more; what if the architects of a competing currency system and the major players that helped guide its internal construction, all took a hand in promoting the dollar’s extended life, its overvaluation and its use; so as to buy time for this great transition in our money world?
    +
    The actual debt machine that built much of America’s lifestyle is now going into reverse as it destroys its own currency; one built upon a stable debt system with locked down gold prices.
    +
    To compete in the new architecture of a Euro System currency, unrestrained trading of gold will advance its dollar and Euro price significantly.
    +
    This not only has “everything to do with a gold bull market”, it has everything to do with a changing world financial architecture. And I have to admit: if you hated our last one, you will no doubt hate this new one, too. However, everyone that is positioned in physical gold will carry this storm in fantastic shape. This is because the ECB has no intentions of backing their currency with gold and every intention of using gold as a “free trading” financial reserve. None of the other metals will play a part in this.

    Summers beweert:
    The reality is that Europe’s politicians have for the past decade dismissed the widespread view among experienced monetary economists that multiple sovereigns with independent budgeting and banking regulation will over time place unsustainable strains on a common currency?

    “Me iel Antwarpa, mao nie me mij”
    http://www.mijnwoordenboek.nl/dialect/Antwerps
    You will not make fun of me
    Je gaat mij niet voor de gek houden.

    Ivo Cerckel
    ivocerckel@siquijor.ws

    Posted in Uncategorized | Comments Off on Ongestructureerde Vrijgoudmijmeringen voor Frans baron van Daele op 28 september @ v/h Bank van Antwerpen

    The euro has no birth defect

    Posted by Ivo Cerckel on 17th September 2011

    Palm Beach jury awards parents $4.5 Million in damages against obstetrician for not detecting birth defects prior to birth
    By Leticia Velasquez
    9/16/2011
    Catholic Online (www.catholic.org)
    http://www.catholic.org/national/national_story.php?id=42844
    SNIP
    DALLAS, TX (Catholic Online) – Bryan Santana was born in October 2008 without any arms and with only one leg. His parents, Rodolfo Santana and Ana Mejia are suing the obstetrician, Dr. Marie Morel and the sonographer, claiming that if they had done their jobs correctly and detect the anomaly before birth, the couple would have had time to abort him.
    UNSNIP

    In 1962, a Belgian woman was found not guilty of murdering her thalidomide baby.. There was much celebration in Liège when she and her co-accused – her mother, sister, husband and the family doctor – walked free. (Thalidomide: 40 years on – Friday, 7 June, 2002, 14:43 GMT 15:43 UK
    http://news..bbc.co.uk/2/hi/uk_news/2031459.stm )

    That baby was born in May 1962. I was born three months earlier in Belgium.

    As a “softenon” (trade name of thalidomide in Holland) monster, I fled to South-East Asia more than a decade ago, now have to return to the beautiful country of Belgium to have the cause of my monstrosity proven, to have the proof that thalidomide is the cause.

    The recognised “softenon” monsters are, in their demand for compensation filed in 2010 against the Belgian guv’mint before the Brussels court of first instance represented by a lawyer who was consulted by, or had discussions with, the parents of the monsters.

    These parents have therefore asked this lawyer to prevent that I, who am not recognised and who proves that those parents knew what they were doing when they were taking thalidomide.
    could intervene in that case,
    the Cour d’assises at Liège having in 1962 even authorised those parents to kill their monsters.

    Last century, when a lawyer was faced with such a conflict of interest, he had to desist from the case.

    “O tempora, O mores!”

    It’s thanks to the gold euro that after more than 11 years, this monster still has the money to travel back from South-East Asia to Western Europe.

    The process of marking to market (MTM) the Eurosystem’s gold reserves since 1999 held indeed in itself the potency to make “a” money out of the euro.
    It has resulted during the FIRST decade of the Freegold (ECB MTM FLOATING gold price) “experiment”, in gold rising from 30% to 60% of the Eurosystem’s (international liquidity) reserves.
    http://fofoa.blogspot.com/2010/07/gold-ultimate-wealth-consolidator.html

    Herman Van Rompuy is (the Belgian) president of the European council. His chief of staff (chef de cabinet) is Baron Frans van Daele, formerly Belgian ambassador to, variously, the USA, the UN, the EU and NATO and chief of staff of Belgian Foreign Ministers.
    http://en.wikipedia.org/wiki/Herman_Van_Rompuy

    Due to a stroke of fortune – no, I didn’t do it on purpose – , I will be in Western Europe in the same week as chief of staff, baron van Daele address the alumni of my alma mater, the Katholieke Universiteit Leuven in a debate on
    the economic situation
    under the question
    “Does the euro still have a future?
    http://alum.kuleuven.be/verenigingen/Antwerpen.html
    op woensdag 28 september 2011 om 19u30

    In het Groot Auditorium van BNP Paribas Fortis op de Meir/Wapper, Antwerpen.
    Programma
    SNIP
    21u25 Slotwoord door Frans baron van Daele, Voorzitter van Alumni Lovanienses vzw
    UNSNIP

    As I said, it’s thanks to the gold euro that after more than 11 years, this thalidomide monster still has the money to travel back from South East Asia to Western Europe,
    but the banksters want to destroy the euro to save the welfare-state and to save their fractional-reserve banksterism – which (the latter) is necessary to finance de budgets deficits, which deficits are necessary to finance their welfare-states,
    but even the state “tout court” can no longer be financed

    Baron van Daele and Bankster Peter De Keyzer, Chief Economist BNP Paribas Fortis, here I come …

    I registered. We’ll see whether they will let me enter.

    As Saint Thomas Aquinas gave as a reason to stop writing before the age of 50:
    “I can do no more. Such things have been revealed to me that everything I have written seems to me so much straw. ”

    When one approaches Truth, the long road which led us to it seems derisory. Inspiration stops completely. Writing does no longer matter

    Auteur: SAGRAMOR
    Date: 04-09-2011 14:37
    http://www.thomas-aquin.net/PHPhorum/read.php?f=6&i=53488&t=53280
    SNIP
    Quand on approche de la vérité, tout le long chemin qui nous y a porté nous semble dérisoire.
    D’où, le célèbre: “Tout ce que j’ai écrit n’est que paille.”
    Et l’inspiration cesse complètement, avec le sentiment que notre plume est dérisoire.

    The question in Antwerp will be:
    Do thalidomide monsters have a right of existence?

    Or shall we kill the baby with the bathwater of the goldeuro in order to let the welfare state survive?

    REPEAT: In 1962, a Belgian woman was found not guilty of murdering her thalidomide baby. There was much celebration in Liège when she and her co-accused – her mother, sister, husband and the family doctor – walked free.
    (Thalidomide: 40 years on
    Friday, 7 June, 2002, 14:43 GMT 15:43 UK
    http://news.bbc.co.uk/2/hi/uk_news/2031459.stm

    Isn’t there a kind of statue in front of the Antwerp City Hall?
    http://en.wikipedia.org/wiki/Silvius_Brabo

    “Me iel Antwarpa, mao nie me mij”
    http://www.mijnwoordenboek.nl/dialect/Antwerps
    You will not make fun of me
    Je gaat mij niet voor de gek houden.

    Senior members at the Institute for European Law at the Katholieke Universiteit Leuven teach that pursuant to a stability and growth pact agreed in 1997 (sic) and updated in 2005, Member States have to show each year by means of stability or convergence programmes that their budgetary situation provides an adequate for price stability or that they are taking adjustment measures to that end.
    (Koen Lenaerts and Piet Van Nuffel (Robert Bray and Nathan Cambien, eds.), “European Union Law”, london: Sweet & Maxwell, 2011, 3rd ed., section 11-035)

    Belgium has no guv’mint since April 2010 and thus no budget.
    http://blogs.ft.com/brusselsblog/2011/09/yves-leterme-resigns-again/#axzz1XzIjc09S

    The euro does not suffer.

    Ergo,
    the stability and growth pact is of no relevance to the euro,
    quod erat demonstrandum.

    Stability-and-Growth-Pact freaks à la Jean-Claude Trichet, European central bankster,
    and Bankster Peter De Keyzer, Chief Economist BNP Paribas Fortis,
    are only interested in their welfare states
    and their tax collectors where Trichet learnt his tricks.

    Monkey see, monkey do!

    The euro has no birth defect!

    Ivo Cerckel
    honestmoney@maktoob.com

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