Friday, December 3, 2010

Dune Buggy Plans Dimensions

food for thought ... UK and EU PIIGS

On the head of the British weighs a debt of 16 trillion dollars. The said John Hawksworth, chief economist at PwC, the largest consulting firms in the world. What economic system upon which the UK is a bomb ... of enormous power, designed to explode when the credit terms (interest rates) will end inevitably get worse. By 2015, revealed in recent days, the total debt of the UK share of the terrifying sfonderĂ  10 trillion (ten thousand billion) pounds. At the current exchange rate is U.S. $ 16 trillion, four times the GDP of Japan. A value than the entire economy of the EU or the United States.

"A cluster of gigantic proportions - writes Horses - has grown enormously over the past two decades, when the race to credit has picked up like no other." In 1987, PwC has shown, this total debt was worth around 200% of GDP. Today, with a total value of 7.5 trillion pounds, the ratio rose to 540% and the gap is set to expand. When in 2015 the total share will touch the dreaded 10, PwC states, with GDP per likely will be even less than 2 trillion

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According to an analyst at JPMorgan, a cut of "only" 20 per cent of the redemption value of bonds Greek, Irish, English and Portuguese lead to the elimination of the capital of French banks. It 's always more dramatically ... make clear that what should be done (hitting senior bondholders) would lead to the collapse of the European banking system. Another fact that, rather than talking, screams, the average interest rate on the loan that Ireland will pay the joint EU and the IMF is 5.8 per cent overall. From 2014 the service of this debt will be approximately 25 percent of revenue of the country. According to Moody's historical data, the percentage of debt service on total revenue that is causing the default is 22 percent.

plan "aid" for Ireland is simply unworkable.

Thursday, November 18, 2010

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tomorrow is another day

Tuesday, November 16, 2010

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at risk? Really? Are we really sure?

I resume the discussion from a post some time ago, too easy, the mechanism ... the driver that moves the markets is the ratio € / $. Strong dollar means the market down, weak dollar means the market up. 2 the quantitative easing of the Fed increasing the money supply in dollars can not help but weaken the currency in the long run. How
offset a sharp devaluation of the dollar against the euro? Sparking speculation about ghostly default risk of sovereign countries of Europe that even putting at risk the very survival of the EU.
Think about it ... when the crisis erupted Greek? after the first of the Fed QE .. when the crisis erupted in Ireland? after the Fed's second QE Why all this? Because the ideal would be a euro / dollar rate tends to 1 in the long run, for a variety of reasons, including facilitating the competitiveness of European products on markets outside the EU, thus increasing the production of goods EU, and decrease unemployment.
What is the downside of the trick? are two:
1) the victim countries of speculation will pay dearly for the rescue plans
2) in the long run it will create hyperinflation, and several generations will be reduced to starvation.
and now a question ... do you really think that behind the European countries there is speculation the U.S. credit rating agencies?
the question to ask is not that ... but this: "Who is behind the U.S. credit rating agencies?"
give you a clue ....
" Our public debt is large enough to take care of himself " (Ronald Reagan)
If a state becomes insolvent, who is the problem? State insolvent? or who had funded the debt that then loses its investment?
which are among the EU countries, those who bought more debt to countries such as Greece, Ireland, Spain, Portugal etc.?
the answer of course is only one ... those who had more money to invest, those with the strongest economies on the continent ... and now will pay dearly for the PI (I) GS * aid (would be more appropriate as contracts for the enslavement of entire populations) in order to secure excellent rates are profitable and on the shoulders of entire populations will worsen their economic condition and social and that it will cut services of all kinds.
Now there is a bit 'clearer' picture '?
* The I in brackets is for our poor Italy, which could be used as a weapon in reserve ... after all the others.

Friday, November 5, 2010

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VEGA: a matter of common sense ...

Thursday, November 4, 2010

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Friday, October 29, 2010

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That tenuous link between the Rare Earths, Electronics Industry, China and the war in Afghanistan

Rare earths are used in a wide range of consumer products: the engines of the iPhone electric cars, batteries rechargeable technology found in hybrid cars, from television screens or computer monitors lasers, through fiber optics, superconductors, magnets, catalytic converters, fluorescent lamps, are used in technologies such as magnetic refrigeration, wind turbine, and massively, even in the military.

China, which controls about 97% of world production over the past twelve months has reduced exports by almost half. In a scenario of competitive devaluation of the various countries seeking to depress their currencies to export more and to sustain growth, with the side effect of an appreciation of raw materials and therefore inflation, it could trigger a violent rise in the cost of these rare elements, which inevitably has repercussions the final consumer.

What are Rare Earth? In English "rare earth elements" or "rare earth metals" are a group of 17 chemical elements in the periodic table curious names such as lutetium, yttrium, scandium, europium or neodymium. Are the raw materials of the future for excellence, those at the base of most promising technologies of the twenty-first century, one of all renewable energies (not those we know now, as we know them now), which should "ferry" to a future more "green" and sustainable. The major consumers are China and Japan and the world demand for these items is expected to grow rapidly in coming years, such as that of dysprosium, terbium, neodymium, praseodymium and europium is estimated to increase by a minimum 8% per year, and only with respect to the use of these elements in electric vehicles in the field studies suggest increases of 790% over the next five years. A

their quality mineral, especially popular in the military is engaged in magnetism resistant to high temperatures. But the most interesting strategic

most striking is that 97% of global production of these materials comes from China, and Beijing shows every intention of using its market power in this field to force the rest of the world to accept their conditions and that is not only a transfer net capital, but also work and especially trade secrets to the West from the People's Republic.

"The balance of power in this field are all in favor of China," says a report by the Government Accountability Office (GAO) of the U.S., and without these 17 rare earth elements, there is nothing of all that today gives hope to 'industry's most advanced Philips, Siemens, Nokia, Toyota, Hewlett Packard, Apple, Sony, Canon, no large multinational industrial democracies could produce their goods.

According to reports from the GAO report to the U.S. Senate, the monopoly in Beijing in this area is actually the result of foresight government rather than the allocation of raw materials. In fact, China is 37% of known reserves of these 17 items, 18% in the former USSR, the United States 12%. But Russia has the means to extract and America in the last 12 years has blocked (in Mountain Pass, California) in the name of environmental protection.

The fact rare minerals are often combined with radioactive substances and the mines pollute far: in a democracy nobody wants, nobody wants to pay the environmental and social costs. Technologies are needed to protect miners and technologies to limit pollution from the high extraction, high investment, complex permissions, everything in fact China has never been concerned, and for this reason that controls 97% of the world, because no one else is willing to extract these conditions ...

... at least in the West. And 'in fact, news of a few months ago the "discovery" in Afghanistan is an important mineral deposit worth about one trillion dollars. The

poterebbe Afghanistan become the world's largest producer of copper and iron, but would also provide large deposits of niobium, a metal used in the production of superconductors, rare earth and large deposits of gold in the Pashtun areas of southern problems.

Lithium instead would be in large quantities in the salt lakes of western Afghanistan and the first analysis in an area of \u200b\u200bthe province of Ghazni revealed the presence of lithium levels as those of Bolivia.

Perhaps not surprisingly, soon after the announcement of the discovery of mining, it reappeared immediately the ghost of Osama bin Laden to threaten the American invaders and Barack Obama, but certainly no coincidence that the announcement of the discovery of the immense treasure is mine was given directly by General David H. Petraeus, commander of U.S. Central Command, who told the New York Times: "Here is an awesome potential. There are many "ifs", but I think it is potentially extremely important. "

A "we" can not know nothing but what you want to say, the rest you can only try to reconstruct, perhaps wrongly, a very difficult puzzle with many pieces missing, a question, and one certainty: Afghanistan is not the West ... and at this point is natural to wonder: "Maybe someone already knew what was there?"

Thursday, October 28, 2010

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Tuesday, October 26, 2010

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Monday, October 25, 2010

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Thursday, October 21, 2010

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Wednesday, October 20, 2010

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U.S. economy growth to slow in recent weeks. Increasingly likely a new "quantitative easing".

Fed: Slow growth for U.S. economy in recent weeks. Increasingly likely a new "quantitative easing".
The U.S. economy has grown slowly in recent weeks, with few inflationary pressures, and employers are reluctant to hire or invest between political and economic uncertainty: the Federal Reserve said today. The "Beige Book" of the central bank provides more details on an economy hampered by a slow recovery that can not generate new jobs. The report, prepared for the next session that the Fed will have to choose the addresses 2 and 3 November, does not seem intended to deflect what seems a consensus among politicians in favor of a further monetary easing. The manufacturing sector was stronger in the twelve Fed districts, driven by exports in many places, said anecdotal report on economic conditions.
The spending power of consumers is maintained or gained something, but whoever buys it focuses on expenditure needs. The housing market remains weak, although the prices seem stable. Higher prices of agricultural products and metals have bounced back on consumers, and the pressure on the payroll were minimal, the report said. In this environment, the labor market and investment remains weak.

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Tuesday, October 19, 2010

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Monday, October 18, 2010

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