Sunday, March 22, 2009

Communism VS Capitalism ...

Arnaud de Borchgrave, like so many others, seems not to understand the intentionality involved, but he does point out one key element in the worldwide Marxofascist plan, in his new commentary, "Emerging Theats: Karl Marx Redux." His piece could have been entitled, "How the Soviet KGB has Undermined Freedom Worldwide, by 'Capitalizing' upon Greed." Here is an excerpt.

“For 40 years the capitalist world faced the challenge of communism and socialism — the equal sharing of miseries — which kept democratic capitalism — the unequal sharing of blessings — on the straight and narrow. With the collapse of the Soviet Empire and its satellites and client states, capitalism tossed off its code of conduct. Insider trading among close friends in New York, London, Paris, Zurich, Hong Kong and Tokyo became commonplace.”

Russian organized crime, which succeeded communism, engulfed the entire planet (even in Guam). Choice real estate in London, Paris, Rome, Marbella in Spain, the French Riviera's priciest Cap d'Antibes, Italy's Amalfi Drive, Cyprus, Rhodes and other Dodecanese Greek Islands disappeared into the hands of Russia's newly minted billionaires — all paid for in cash. One real estate operator in Antibes told us about suitcases filled with $100 bills for the purchase of one $70 million property. In the 1990s some $230 billion was plundered from Russia and moved to secret numbered accounts abroad. Those who knew the Western system were usually KGB agents who had worked in Western European capitals.

The subprime mortgage cancer, which first was detected but ignored in 2006, had spread to the whole world by summer 2007. It was criminal predatory lending whose worthless mortgages were repackaged to look like secure investments and peddled all over the world.

Now Americans have seen retirement savings halved. U.S. households' net worth tumbled a mind-blowing $11 trillion — in a single year. This is the same figure as the combined annual output of Germany, Japan and the United Kingdom. Gone are the second homes, rising retirement nest eggs, rising expectations generally.

TV news now brings us tent cities from Seattle to Athens, Ga., for newly destitute Americans; homeless shelters are filled to overflowing (e.g., 2,000 beds in Sacramento, Calif., spoken for). Santa Barbara, Calif., has designated a parking area for people who sleep in their cars. And the World Bank predicts another 53 million falling below the level of "extreme poverty" this year. What began with criminal subprime mortgage predators is now hurting those who can least afford it — both at home and abroad.

Europe's hot new love affair with Obama already has cooled into the usual trans-Atlantic spats. The Europeans are resisting calls for more global fiscal stimulus, pointing out that the real problem is a systemic crisis that requires, above all else, a Herculean cleaning of capitalism's Augean stables. The unacceptable face of capitalism must be replaced with the kind of financial and economic regulation that will avert catastrophe in the future.

Who can read that and not at least start to wonder about what has really been happening in this world, since the quizzical "failure" of the Soviet Communists?Do we have trouble tracing the above to the suspicious coincidences having to do with the orchestration of the "mortgage meltdown," just before the (fictitious) election of Obama, the Marxist Messiah — with his operative comrades already in place, in congressional leadership, awaiting his arrival?

Is it too difficult to track the preparation and promotion of Barack Obama, as well as the communist plans to develop the armies of the proletariat through ACORN and the like, through Obama's "Organizing for America," through the patronage plan, and through the entire schema for taking advantage of manufactured crisis?

How many more clues do we need? @

Tuesday, March 10, 2009

Clearstream offers

Hong Kong dollar, Japanese yen and Australian dollar follow Singapore dollar/ Service helps customers to reduce funding costs

Clearstream, the International Central Securities Depositary (ICSD) part of Deutsche Bцrse Group, is the first ICSD to offer same day currency deadlines for leading Asian Pacific currencies: the Singapore dollar (SGD), the Hong Kong dollar (HKD), the Japanese Yen (JPY) and the Australian dollar (AUD). This means customers managing balances in these currencies will benefit from deadlines close to their local market deadlines.

Clearstream has offered a same day currency deadlines in the Singapore Dollar since December 2008. The same day service has been extended to the Hong Kong Dollar on 2 March and will be extended to the Australian Dollar and the Japanese Yen on 23 March 2009.

This move is part of a drive by Clearstream to provide customers with Asia Pacific market settlement solutions as efficient as those offered in US Dollars, Euros and other major currencies and to materially reduce their funding costs. Due to time zone differences, Asia Pacific customers have been historically disadvantaged by the need to pre-fund or finance their settlement operations in advance of their normal cash management activities in Asia Pacific currencies.

Clearstream will complement the enhancements to its currency deadlines with the roll out of a same day settlement service in the Asia Pacific securities markets within the coming year. With the enhancement, Clearstream aims to make available the full range of its ICSD services throughout the Asia Pacific business day. The scope of services benefiting from the new environment include not only settlement itself, but also instruction validation, matching, domestic market instruction handling and feedback, instruction sequencing, provisioning, collateral allocation and substitution and customer reporting. These changes will enable Clearstream to significantly strengthen its commitment to the Asia Pacific markets where the company has been present since 1992.

Philippe Metoudi, a Hong Kong-based Clearstream Board member who is responsible for Clearstream’s Asia, Pacific, Middle East and African business said; “Serving Asia and serving our Asian customers are key priorities for Clearstream and we are constantly evaluating ways to strengthen our commitment to the region. Since we opened in Asia in 1992, the region has generated significant growth for Clearstream. With these changes, our aim is to complement our presence in Singapore, Hong Kong and Tokyo with an offering that makes all our services available throughout the local business day”.

Details of the currency deadline changes:
The customer deadlines for pre-advices and withdrawal of funds in HKD, JPY and AUD have been considerably improved. For these currencies it was previously 15:00 central European time the day before the transaction. For HKD, it is now 07:00 central European time (CET) of the day of the transaction. The equivalent local Hong Kong time is 14:00 during European winter time and 13:00 during European summer time.
For JPY, it is now 4:30 (CET) of the day of the transaction. The equivalent local Japanese time is 12:30 during European winter time and 11:30 during European summer time. For AUD, it is now 5:00 central European time (CET) of the day of the transaction. The equivalent local Australian time is 15:00 during European winter time and 13:00 during European summer time.

Clearstream
Clearstream is an international central securities depositary (ICSD) headquartered in Luxembourg and is an integral part of Deutsche Bцrse Group, the world’s largest exchange organization when measured by sales revenues. Clearstream offers settlement and custody services for bonds, equities and investment funds to more than 2,500 banks and financial institutions worldwide. Clearstream currently holds Ђ 10 trillion in assets under custody. Clearstream Banking S.A. has long-term credit rating from Standard & Poor’s and Fitch of AA