Yesterday

No conspiracy....just a big drag is all.... I think I found some numbers for this possible bail-out from the IMF. Along the lines of the trillion credit extension of the IMF to the trillion in callable payments that were not honoured by the US over the last however many years. You must admit that the numbers matching is kind of interesting. I have a few more to post that also include the shift from goverments buying US bonds to the private level of aquasition that is currently allowing to show an inflow on their balance sheets and why they have made provisions to hide currency velocity... I wonder how much of that private money comes from the G8. Maybe, just maybe, conspiracy guys have the extent of the US bankruptcy not so far over exagerated for once....time will tell. Somebody said once that it would be a good thing to follow the money. I think that was sound advice!

A bit more.... http://www.fas.org/sgp/crs/row/RS22134.pdf For some reason I want to wonder if they still think this unlikely? This makes me wonder if the monster budgets could be construed as appropriations...long term contracts to extend current credit payments to the US. Credit payments being interest owed by the IMF.....

This is something I'm going to investigate a little further soon.... http://www.brettonwoodsproject.org/art-16018 I kind of think that what we are seeing on the global landscape is this. Apply it to the US today and it kind of fits...a few more countries seem to have been to the same designer...great minds think a like? http://www.brettonwoodsproject.org/art-16026

http://www.marketoracle.co.uk/Article20384.html So far I must admit that the means are certainly there to facilitate the action of a massive debt repayment from the US to save its credit with help from the IMF on a few fronts including the price of gold. Would the same rule apply to the Euro as China in terms of the US dollar appreciation against it versus depreciation against it suggesting that the very recent small rise in the Euro might be a sign of a payment agreement of some type? Could the Euro have risen a bit to facilitate a repayment of their own to somebody with the US dollar in which case a small rise would require less Euro to buy US dollars for the repayment? Really it could go either way...US debt or Euro debt repayment. Or it could be completely unrelated to debt repayment but highly doubt it.

Look at these pages....they do a good job of defining the split between the G7-8 and the G20, this should help to set the stage for who wants what when I put up the Breton links. http://fas.org/sgp/crs/row/R40977.pdf

In an earlier post I had mentioned what the deal with the US push against the RMB in China...this article points to the debt being in US dollars and how this depreciation is helping the US in terms of repayment. http://blogs.cfr.org/setser/2009/03/

You showed me yours....I'll show you mine http://www.aei.org/docLib/20050928_lachman0905imf.pdf http://rodrik.typepad.com/dani_rodriks_weblog/2009/02/why-dont-we-hear-a-lot-more-about-sdrs.html http://news.bbc.co.uk/2/hi/business/4686015.stm There is a bit more on my other computer I'll post tonight about the possible IMF role in the US debt repayment which will finish the story and make the point and then I'll get to the Breton Woods stuff. It is interesting.

There is a few articles that I will post about Breton Woods 1&2 but first I want to post some about the IMF. Near as I can figure, any bail-out money that would of come from the IMF to the US would of been what is called a credit swap(later correction....swap line). Which would entail a credit extension to the IMF from the US which in turn allows the IMF to extend this credit in any currency form required to whichever country was the receiver. Right now I am looking for the stats that show the US extension last year and if lucky a paper trail as to what currency it was converted to and where it went. From what I can gather so far this practice is mostly used for transferring monies to developing nations. This is the basis for the whole program of IMF bail-outs. Did this ability get used to pay off some of the US debt....time will tell. I have collected a few articles that show countries borrowing against themselves...

Personally I think the problem lies in how much everything costs. The cost of the basics of life, house/food/health care, that is what should be addressed. I don't mind having less money than most others if what I do have is enough. Enough to care for myself and enough to enjoy myself a bit. And really, re-circulating appropriated wealth does nothing to fix the problem of cost. Over 200,000 for a small house? Come on!!!!! That's more than 20 years of wages for more than just a few people. For some reason raising the cost of everything continually, disgustingly, seems to be the fix du-jour for everyone but the un-wealthy.

Personal 70% Economic 40% Centrist..mmm. Maybe....I do have a hard time identifying myself with either left or right so perhaps centrist would work. I prefer the moderationist, I think. I wish these fence posts would stop digging up my a**...butt.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apjqJKKQvfDc&refer=home Oh yes there was/is....

Or is it the IMF credit that backs the foreign debt....

Does foreign debt have to be asset backed? I remember reading through the history that at one time it was a requirement. This could have interesting implications regarding the current price of gold and the foreign debt repayments going on.

This is 4 people I'd like to meet!!!!!

Yes, science without political interest IMO would be rather benign compared to its current destructive directed directions.

I have to honestly state that because I an not interested at all in reverting back to gold standard the Tea Party movement carries little value to me beyond the amazing front they are managing to maintain in terms of fraud exposure. Right now this is their biggest ace up their sleeves. Most of the political backing disappeared with the failure of the refunding program but the civilian interest and backing continues to go strong.

I think a little research will show that all (or most) of the countries that tried to renege in the not to far past were ones who where involved to some extent in the dollar refunding. In terms of referring to similarities between Greece and the US I meant more in terms of their contracts with the IMF and the coming crack down on spending and the need to secure massive room for export to cover the IMF debt requirements. Is anyone aware of what the IMF has done to Poland? What a f*cking mess!!!!!! They are doing the same to Greece. Not to the US though, not to the same extent. The international status of their dollar has managed to cut them some slack.

The US was bailed out by everyone except Russia, China and a few others. The IMF credit extension alone was massive. The US is not reneging on debt because they can't. Being the international currency that they are. With the US it is more of a credit restructuring with these foreign countries than a debt repayment or bailout of cash. I think you are mistaking the silliness that went on with Greece, I can't remember how many years ago(late 90s-2000s), with the G7 when they decided to refuse the IMF bailout, justifiably so, and had no choice but to try and refuse to pay because they couldn't. This was part of the failed dollar refunding program that I believe was supposed to usurp the IMF. Much different situation now, they took the IMF bailout and more, they had to, their financial problems compounded as a result in part of the failed dollar refunding back then. The IMF is a tricky bunch...the biggest problem with the IMF is that is has a clause in it's contract with countries it bails out that removes the ability to reset their own dollar in attempts to kick start their economy. Not to mention the export expectations imposed on the borrowing country, etc.... I think it is safe to say at this stage in the game that the dollar refunding attempt, an attempt to return to gold standard globally, failed in the face of the newly developed G20 and its sick partnership with the IMF. This is exactly what you are seeing from every country that the US owes money too, except for a few as I mentioned. Britain for example has not agreed to redo credit without payment first of more than just a few trillion dollars that 'got lost' in the US over the failed refunding initiative. Britain is actually a very interesting country to me right now. It's laws of debt ownership and repayment have been under fire for awhile now due to this...a long story. I don't have the whole picture but over the last few years I have found a few newspaper articles and research papers that discuss it. Let me see what I can find for some links.

It is interesting. I honestly think you are watching the beginning of the dismantling for this antiquated system. It is not a conspiracy, but it is also not a easy picture to see in its entirety. For instance, in the Sarbanes-Oxely Act of 2002 it requires foreign companies operating on US soil to file forms regarding pay/price structures but only if it is also required on home turf and these filings are done under cover. Also, at the Sec discretion, any foreign company can be exempted from litigation on US soil for any kind of indiscretion. Now, as per the other post you can tell this situation is changing. It has taken literally hundreds of court cases to come to international agreements, and they are far from finished. All the different types of fraud haven't even been exposed yet. This type of global cohesion I can tolerate. Mind you, if I had my way international trade and Wall Street would be dressed totally differently. Oh well, when in Rome eh....

Thhhis is the Holland case I refered to... http://www.khodorkovskycenter.com/previous-trials-proceedings/other-trials-proceedings http://en.wikipedia.org/wiki/Controversies_surrounding_Royal_Dutch_Shell This is just informative...on the way to global reform. The casualty list is huge. http://www.thefreelibrary.com/Should+you+list+on+a+foreign+exchange%3F-a012087982

It is certainly the consumer point of view. I've spent some time watching the man. If you study his mannerisms and his body carriage it says something totally different. Regardless of his ability to muster up the stance he should carry on stage it slips...hard. I realize this might sound lame but really, sitting here trying to sort through the myriad of opinions about Obama I need to fall back on instincts. His hands are tied, he is a good fall guy. What was needed was a fellow who could stand on a stage and actually justify those budgets with credibility. He did this. IMO those budgets are integral to this situation. They are not what they appear to be. One thing that really sticks out in my head is the open ended state policies regarding the expenditure of money from the health care bill. How they don't have to account for or spend the full budget allotment nor do they need to transfer back or carry oer the leftovers. Kind of sounds to me that they needed a reason to cover the fact that the budget coffer is actually empty and didn't want to have to admit it or ever reveal it ant any rate. Just a hunch. It sure ain't the yellow brick one! Yes, it is a big debt. I have to wonder how much of this will be forgiven and what will come due. Greece would be a good example here of order of operations in terms of debt forgiveness and credit restructuring. The US has had most of its credit pulled and is going through the same motions as Greece regardless of the fact that it is not put out in main stream media in such a way as to paint a fluid picture. Not to mention the international fraud disaster they are caught up in globally. The bail outs were for the most part whistle blower settlements and credit obligations, the liquidity that is supposedly sitting in the hands of the banks is virtually non-existent or I could say only virtually existent. Not without more bail-out money and then only after this is over. Have you ever heard of the 'Federal Market Fraud Restitution Fund'? It was on Wiki for awhile and now I can't find it. Remember before when I mentioned to magnitude of the monies collected in the last 10 years or more and just massive volumes yet to come? Where is all that going. My knowledge of these types of funds is not in depth but I do know that at least 10% goes to the Fed off the top. The billions collected from the banks over the 7-10 years is divided up between things like shareholder education and such but what of all the rest. Hundreds if not more so far. Ooddles and ooddles of money. Some of what I've been able to piece together is that victims apply through court for restitution from this fund when monies have been collected for them and deposited but the criteria for eligibility has been awful and heavily biased in favor of the Fed or Sec for the US and not healthy for investors on foreign soil of most countries. (tax/market fraud) This situation is a global one in which Holland set the tone by honouring foreign investors who bought shares, through whatever exchange Holland operates through, in their courts in a fight against an oil company. I could find the link, I think. Another global settlement to stem the tide of fraud. I imagine it is going to go on for years. It's been going for years. This massive fraud is what is causing credit fear across the world. Loosely put, the biggest bank run in history? I have no idea how long it will take to stabilize, there are a few bankruptcies to come yet. The fraud dictates this. I have to wonder if Harper's hard core stance about ending stimulus might be in part motivated by a lack of desire to carry the banks regardless of whether this situation gets cleared up or not in time for the cut off date. Obama on the other hand I don't think he has a choice, our situations are not quite the same.

So really, non-existence in this frame of reference just means that there is no understanding of or no ability to measure yet. So since they cannot view a neutrino accurately they say it doesn't exist when they can't see it but they don't really mean gone, more just missing? Have they managed to see it through the effect of it's mass but then lose it trying to measure its velocity? There are things that pop in and out of a black hole? That's interesting. I wonder if this is explained in the book 'Shadows of our Universe'? Perhaps now would be a good time to pull that book off the shelf again and have another try at reading it. I love a good challenge. Maybe I could pick your brain when I get stuck, that might keep me motivated to get through it. Yup, I am going to put this book in my working pile, right now there is only 3 and all about finance and I am struggling a bit to stay focused. Maybe a book with a different topic thrown in the mix would give me an out when I need to decompress and ignore all numbers. Mind you this book is not short on formulas but I can ignore those and just read the words of explanation. You'll have to forgive me for not finishing reading last night, it was the Pleiades's(?) meteor shower last night and I just had to watch. Man, was it ever funny. I live on a farm, lots of Coyotes at night...picture me out in the fields all by myself, fine for the first hour till the howlers showed up. I never ran so fast for the farm house in my life. I watch from then in the safety of the front porch but it faces east towards the city so it wasn't such a good view from light pollution. Good grief. Oh well, it was spectacular, over 20 shooting stars in the first half hour. It is sort of a special night, I have done that every year since my son was born, usually with him but he is away this year.

I am humbled by the personal strength and deepest of understandings that shows through with abundance in these words. I think I want to tear up now. We could all write a begining for this statement, could we all adhere to this ending?