Kako prebroditi krizu?

Ma briga mene za debele amere, da sad prestanu jesti imaju zaliha za dvije godine.


nego evo što mene brine

http://www.seebiz.eu/hr/tvrtke/mediji/dolazi-sudnji-dan-oglasavanja!,75210.html

Rješenje krize je jednostavno neka svatko da koliko može ( prema mogućnostima ) a Nadan i ja ćemo uzeti isto koliko možemo.............



Autor/izvor: SEEbiz / H ZAGREB - Predsjednik Hrvatske gospodarske komore Nadan Vidošević izjavio je nakon današnjeg sastanka s premijerkom Jadrankom Kosor kako je bitno u provedbi Programa gospodarskog oporavka neka svatko da svoj doprinos te kako će i on pomoći koliko bude mogao...........

Mislim mogu ja uzeti i za njega i za sebe, nije bed

evo kako ćemo znati je li reforma uspjela



http://www.jutarnji.hr/darinko-kosor--ako-mjere-pogode-najveci-broj-gradana--znaci-da-su-pogodile-svoju-bit/734895/

Suzuky je napisao/la:

evo kako ćemo znati je li reforma uspjela



http://www.jutarnji.hr/darinko-kosor--ako-mjere-pogode-najveci-broj-gradana--znaci-da-su-pogodile-svoju-bit/734895/

Neće bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
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bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla.

bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla.
"bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla"




www.youblabla.com

Lynx je napisao/la:

Suzuky je napisao/la:

evo kako ćemo znati je li reforma uspjela



http://www.jutarnji.hr/darinko-kosor--ako-mjere-pogode-najveci-broj-gradana--znaci-da-su-pogodile-svoju-bit/734895/

Neće bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla.

bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla.
"bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla"




www.youblabla.com

hoće............pazi što ti kažem.........osim vas fer-ovce

Treba pohapsiti mafiju na HRTeu, ponjaprije ove što su krali preko ZAMPA!!!!!!!!

POGLEDAJTE ŠTO JE BANDA RADILA dok smo mi siroti investitori plaćali pretplatu!!SUTLIĆEVA PRAONICA
Fiktivni ugovori HTV-a: Plaćali 37 fantoma koji ni slova nisu preveli
Autor/izvor: SEEbiz / Jutarnji.hr
ZAGREB - Marin Fabijanić, Ivica Fritz, Mario Fritz, Brankica Barišić, Tena Milić, Ivan Rožanković, Bojan Mareljić i još 30 osoba čije bi nabrajanje oduzelo puno prostora, a čijim imenima Jutarnji list raspolaže, primili su od 1. siječnja 2008. do 30. lipnja 2009. od Hrvatske radiotelevizije tisuće i tisuće kuna honorara za poslove prevođenja, a da za tu kuću nikada nisu preveli niti jedan tekst.

Isti ti ljudi u istom su razdoblju od HRT-a primili honorare za novinarske, snimateljske, montažerske, organizatorske i ine poslove za emisiju “Život uživo”. Problem je, međutim, u tome što ni te poslove, baš kao ni usluge prijevoda nikada nisu obavili, nego su za njih samo primili novac.

Trideset i sedam fantoma “svestranih” honorarnih suradnika Službe prevođenja i emisije “Život uživo” u svom stvarnom životu bave se nekim sasvim drugim poslovima. HRT-u su dali samo svoja imena i bankovne račune preko kojih je godinama isisavan novac te medijske kuće.

Nakon što je Jutarnji objavio podatke o glazbenicima fantomima koji su primali masne honorare za muziciranje u tom orkestru a da u njemu nikada nisu odsvirali ni jednu notu, sve je očitije da su svi segmenti najveće medijske kuće u Hrvatskoj isprepleteni mrežom fiktivnih ugovora.

Sve je očitije da je nepoznat netko na HRT-u, uz stvarnu i uglavnom potplaćenu vojsku zaposlenika i honoraraca, ustrojio paralelnu, virtualnu vojsku fantomskih glazbenika, prevoditelja, snimatelja, novinara i montažera preko kojih je izvlačio novac.

Policajci Odjela za gospodarski kriminalitet PU zagrebačke već pola godine istražuju tu mrežu fantoma i njihove tvorce, ali ishod kriminalističke obrade još se ne nazire. Glasnogovornik Ministarstva unutarnjih poslova, Krunoslav Borovec, rekao nam je samo to da je “kriminalistička obrada u tijeku”.

Honorarci fantomi za koje je znao samo uski krug povlaštenih u čelnim službama HRT-a razotkriveni su sasvim slučajno u listopadu prošle godine, prilikom primopredaje dužnosti na čelu Službe za prevoditelje.

Slučaj je htio da je službenici u Pravnoj službi HRT-a u ruke došao kompjutorski ispis honoraraca u Službi prevođenja. Bila je nemalo iznenađena kad je na kompjutorskom popisu uočila imena za koja je pouzdano znala da nikada nisu prevodila za HRT. Prije prelaska u pravnu službu radila je kao organizatorica Službe za prevođenje i poznavala je imena stvarnih HRT-ovih suradnika prevoditelja. Upozorila je na to voditeljicu Službe za prevođenje Bojanu Zeljko Lipovšćak, koja je upravo bila na odlasku u mirovinu.

Ubrzo je utvrđeno o čemu je riječ. HRT posjeduje kompjutorski sustav dostupan vrlo uskom krugu ljudi u vrhu HRT-a u koji se mogu upisati imena fiktivnih honoraraca, isplatiti honorari, a potom izbrisati podaci o njima.

- Bila sam u šoku kad sam otkrila da je, istodobno dok sam se s televizijskim računovodstvom borila da se isplati novac stvarnim suradnicima prevoditeljima kojima su honorari kasnili, postojao svijet virtualnih prevoditelja kojima je mimo mog znanja isplaćivan novac - izjavila je za Jutarnji Bojana Zeljko Lipovšćak koja je od prošle godine u mirovini.

- Žao mi je što sam nakon 40 godina rada na HTV-u koji je nekoć bio ugledna kuća to doživjela - dodaje.

Kad je u jesen prošle godine otkriven paralelni svijet kompjutorskih isplata, voditelju Odjela isplate honorara na HRT-u Arturu Kosanoviću uručen je otkaz. Preko Kosanovićevih ruku prošle su isplate svih stvarnih i fiktivnih honorara na HRT-u. Neposredno nakon njega, s HRT-a je pod nerazjašnjenim okolnostima otišao i Ivica Škoro, višegodišnji voditelj općih i zajedničkih poslova HRT-a u čiju su nadležnost spadale i televizijske financije.

Protiv Artura Kosanovića provodi se kriminalistička obrada, ali sasvim je jasno da šef isplate honorara nije radio sam.

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Gade jedan lažljivi, a gdje ti je Janaf, a?gdje??

lažo lažo lažo lažo lažo lažo lažo
a kleo si se na geronima da ćeš ga uvijek imati?!!

lažo lažo lažo lažo


tpfuj, tpfujkakav besraman tip

KaraTeSaky je napisao/la:

Gade jedan lažljivi, a gdje ti je Janaf, a?gdje??

lažo lažo lažo lažo lažo lažo lažo
a kleo si se na geronima da ćeš ga uvijek imati?!!

lažo lažo lažo lažo


tpfuj, tpfujkakav besraman tip

Trebali bi Jadranki predložit i da specijalno prosvjetarima podkresa rep s jedno 10 %
Izgleda da imaju previše vremena i novaca , cim ulazu u TK..

Ne volim baš index kao sredstvo informiranja no za ovaj tekst autoru skidam kapu:

http://www.index.hr/vijesti/clanak/solidarnost-na-hrvatski-nacin-ako-nemamo-mi-neka-onda-nemaju-ni-ostali/488289.aspx

Felga je napisao/la:

Ne volim baš index kao sredstvo informiranja no za ovaj tekst autoru skidam kapu:

http://www.index.hr/vijesti/clanak/solidarnost-na-hrvatski-nacin-ako-nemamo-mi-neka-onda-nemaju-ni-ostali/488289.aspx

Tako je !!!!!
Svima treba sve uzeti !!!!
Ja se zalažem za društvo u kojem smo svi jednaki, u kojem nitko nema ništa!!!!
Jedino to je pravedno !!!!
Zato živio kolega Vilim Ribič!!!!

A ti Felga idi srči pesak !!!!

Fedya je napisao/la:

Felga je napisao/la:

Ne volim baš index kao sredstvo informiranja no za ovaj tekst autoru skidam kapu:

http://www.index.hr/vijesti/clanak/solidarnost-na-hrvatski-nacin-ako-nemamo-mi-neka-onda-nemaju-ni-ostali/488289.aspx

Tako je !!!!!
Svima treba sve uzeti !!!!
Ja se zalažem za društvo u kojem smo svi jednaki, u kojem nitko nema ništa!!!!
Jedino to je pravedno !!!!


Zato živio kolega Vilim Ribič!!!!

A ti Felga idi srči pesak !!!!

Kolega, imam osjećaj da baš i niste razumjeli tekst u potpunosti. SUVAG?

Bullshit dana - u zadnje vrijeme u koji god shopping centar odem kasnije noću sanjam duhove i budim se znojan od straha. Ne znam zbilja zašto. Ali gledam to i s vedrije strane - parkinga koliko hoćeš.

ti si moj geronimo totalno puko.

bez obzira sto se skrivas iza felge!

Gold Forecaster - What will happen to currencies if the Euro collapses?

By Julian D.W. Phillips Apr 30 2010 3:41PM www.goldforecaster.com

Let us start off by saying that we do not see the Euro collapsing and being shelved, at least not yet, anyway. No exit process was written into their rules anyway. But it is technically possible, so better to be forewarned. What would prompt such a collapse? The future of the Euro lies in the hands of its members, especially Germany - the richest and strongest member of the Eurozone. It would be because the leading member [Germany]) felt it to be in their national interest(s) to let it fall. There would be absolutely no philanthropy in the process should anybody exit or if the Euro disappeared. Principally, would Germany, et al, gain more by leaving the Eurozone than staying in it? It may be more in their interests to have the poorer nations ejected from the Eurozone to keep the big benefits and to lose the problems. Then they would hold onto the Euro.But what would any of these possibilities result in? [Subscribers will receive the last paragraph on the impact on gold]

Full Collapse

Simply put, the Eurozone would revert to what it was before the Euro existed. The European Central Bank would have to return all of its gold to the member States in proportion to their initial contributions. Their old currencies would have to be resurrected and Euro reserves converted back to the mix passed to the European Central banks from the beginning of the Eurozone.

Dollar & [or if by then the Yuan was internationalized] Yuan reserves would be built up again to replace the lost Euro reserves. The world’s Foreign Exchange Markets would be in chaos. Confidence in most if not all currencies would almost disappear. By extension the ripple effect through the economies of the world and business in general, would be destructive. There would be a huge scramble for all hard assets, but particularly precious metals. Briefly the U.S. Dollar would reign as king.

Partial collapse

More likely the Eurozone will shrink first. The poorer Southern countries of the E.U. would be cast out of the Eurozone and would have to revert to their previous currencies. Spain would return to the Peseta, Greece to the Drachma, etc.
The example of Argentina un-pegging from the U.S. Dollar should be seen as the precedent for this process. The wealthy of Argentina found their capital hammered when it was forcefully converted from the U.S. Dollar to the Peso in that process too. So the lifting of deposits, which is happening now, from the banks in Greece, Portugal and now Spain, was only to be expected. If they had their own currencies, either the fall in the value of those currencies would deter that capital flight, or the imposition of Exchange Controls would block it.

In the case of Europe, we would also expect to see Exchange Controls imposed immediately all countries that leave the Eurozone did so. This would prevent the capital hemorrhaging from the country that left the Eurozone in disgrace. The exchange rate of the exiting countries would initially fall heavily then take a long time to recover, if they managed to recover economically at all. By leaving the zone, these countries, would ensure they would suffer at least one, if not more, decades of growing poverty, much as is expected to happen with them remaining inside the Eurozone.

With the richer nations remaining in the Euro, the exchange rate of the Euro would soar at first, hammering its global trade competitiveness but attracting the world’s capital. It would jump against all currencies, but most decisively against the U.S. Dollar, as its indebtedness would fall and prospects would improve.
If Germany leaves the Eurozone
It is possible in one scene to see Germany recognizing no further advantage of remaining in the E.U. and opting to leave. This is unlikely, but technically possible. If it were to do so, there would be few really strong economies left behind, in the zone. This would be a disaster for the Euro, which would tumble against the U.S. Dollar.If the poor countries of the Southern part of the Eurozone remained in the E.U., then the Euro would remain on an ever deteriorating slope.

Germany would return to the Deutschmark and follow a similar currency path that it experienced prior to the creation of the Euro. This would mean repeated upward revaluations, usually preceded by denials of such revaluations from the Bundesbank.

In that event, the U.S. Dollar would be favored as the global reserve currency almost exclusively and would rise on foreign exchanges, despite so many reasons why it should fall. It would in fact be falling but slower than other important currencies, giving the impression of strength in weakness. This is until the full international appearance of the Yuan.

Globally
Resource producing currencies would soar. In an attempt to lower their exchange rates they would turn to lowering their interest rates in the hope of maintaining the export competitiveness of their locally manufactured goods. With resources having an international market price, outside their own currency, such nations would drive down their exchange rates, provided local inflation allowed it [As China is doing now and as was suggested by the I.M.F. recently].

The overall result would be a volatile and damaging use of currencies as part of trade wars. Should that happen, Protectionism and Exchange Controls would become commonplace, particularly in smaller economies.

As China grows in international importance over the next decade, we believe that the Yuan would quickly become of equal importance to the U.S. Dollar and move into center stage as a global reserve currency. This would accompany pricing of goods [imports] in Yuan and exports from China in the currency of each importer’s currencies. We believe China is very aware of this and has made plans for the Yuan to internationalize.

With Foreign Exchanges becoming increasingly volatile, confidence mercurial and uncertainty hanging over both the present and the future, assets, particularly internationally-mobile assets, such as precious metals would be increasingly sought after as a counter to all currencies.

FitzPatrick je napisao/la:

ti si moj geronimo totalno puko.

bez obzira sto se skrivas iza felge!

Drži se ti boce i budi tiho da se ne bi skrivao ispod felgi u flekovitom stanju

Kod nas je novčana masa uzrok gospodarske neaktivnosti, a ne posljedica. I hvala guverneru na tome.

pogledajte vi što pijane budale učiniše geronimu na jednoj od pijanki na Jarunu.......


http://www.jutarnji.hr/preminuo-nakon-sto-su-mu-pijani-prijatelji-gurnuli-jegulju-u-rektum/751842/


ili je to bio njegov neki intimus?

evo mali update za napredne korisnike
makssimalno sam skratio post, obzirom da je u pitanju knjiga

The Great Reflation:

The Mother of all Financial Experiments By Tony Boeckh Chuck Prince, the former CEO of Citigroup, who presided over the bank's collapse, famously remarked in July 2007 that "as long as the music is playing, you've got to get up and dance. We're still dancing." Shortly after, the music stopped, the financial system broke, and Citigroup and other financial behemoths went under. To rescue the economy and financial system from near-total meltdown, the government created an unprecedented package of bailouts, stimulus, free money and massive fiscal deficits. It succeeded, and a 1930s style debt deflation and depression were aborted. Liquidity, on a vast scale was unleashed into the financial system, demonstrating, once again, the power of such flows to drive up the prices of stocks, commodities and other risky assets. In The Great Reflation we focus on how the authorities pumped air back into the balloon, and got the music playing again. Investors and banks, including Citigroup, are back out on the dance floor. However, just because the system was saved, doesn't mean it has been fixed. Why do we say that the system isn't fixed? The major theme running through The Great Reflation is that we have been living through a multi-decade period of money and credit inflation that started back in the 1960s when the post-World War II global monetary system (Bretton Woods) began to break down. The Great Reflation is about this inflation and the consequences of the Act II, which is now unfolding. From the late-1960s until 1982 we had out-of-control price inflation; after that, a series of asset bubbles and mini-crashes, leading up to The Big One in 2008-2009. One of the implications outlined in The Great Reflation is that we continue to live in an age of money and credit inflation and a monetary system that is unanchored and has no brakes. Until that is fixed, monetary inflation and instability will be a way of life. The great reflation can only be understood properly in this longer-term context. It is a continuation of what went before, but with two main differences. The first is the sheer magnitude of the reflation this time—by far the biggest in peacetime U.S. history. The second difference is that the governments of the U.S. and other countries have had to transform collapsing private debt into a burgeoning public debt supercycle with projected government debt:GDP ratios heading to the stratosphere. This effort to reflate—pump air back into the balloon—had to be on a scale at least as large as the bubble itself. It is an experiment never before attempted in the context of U.S. experience, and it will have consequences unlike anything seen before. No one knows exactly where the great reflation is going, what is going to happen, and what the end point will be like. However, there are some things we do know. When new money is created on a grand scale, it must go somewhere and have some major consequences. One of these will be greatly increased volatility and instability in the economy and financial system compared with the roller-coaster ride of the past 15 years when the private credit bubble was forming. The Roller-Coaster It is critical for investors to understand that there has been a linked sequence of events since the 1960s that lead to the disaster of 2008-2009. In particular, over the past 15 years, we experienced first the tech bubble, followed by a crash, then the recession and deflation of 2000-2002. Next came the Federal Reserve's first effort at massive reflation to avoid a debt collapse. This led to new bubbles—in housing, exotic new financial products, commodity prices, energy, and world food markets. They were financed by an unprecedented credit bubble that was unsustainable. When the bubble burst, debt levels were much higher and more precarious than ever. In 2008-2009 asset prices were crushed, causing the collateral behind the debt to evaporate. That, in turn, is what triggered the mother of all reflation experiments. This sequence of events has an ominous undertone. The great reflation effort has clearly given the economy a big boost, just as the preceding one did but it is very artificial, based on free money and unprecedented fiscal deficits and subsidies to spending. Extrapolation of this out-of-control roller coaster suggests more bubbles in the short run. Hot markets have already begun forming in such things as commodities, gold, and world stock markets. There are many assets that could be recipients of the new money created. However, a warning for investors: We don't believe another inflation of asset prices will last as long as the previous one for several reasons. Private debt has been pushed to the limit; government debt will be pushed to the limit in a few more years; the U.S. dollar, as the world's main reserve currency, will not be able to withstand open-ended monetary and fiscal reflation; and finally, the world economy is too fragile to withstand another spike in energy and food prices which will certainly occur if monetary inflation continues. The great reflation, if left unchecked, will run into a brick wall in the next few years, and another credit implosion and deep recession will occur. The result will be even bigger budget deficits and lower economic growth. Logic says that if the recent crisis was caused by excessive money and credit inflation, even more of the same should cause an even bigger crisis. The ultimate end point to this trend is worrisome, to say the least. The Engine of Inflation Inflation is the biggest enemy of investors in the long run. However, in the short term, inflation in its early stages is often a wonderful elixir, greasing the wheels of the economy and causing riskier assets like stocks, commodities and corporate bonds to levitate. Euphoria tends to build as people get richer. But, it is important to understand that inflation is an undue expansion of money and credit. It can have the effect of raising the prices of things we consume or the prices of assets that we own or want to buy. But those are the symptoms of inflation that, if extreme, tell us that a bust is coming. In the case of rising consumer prices, the central bank ultimately has to raise interest rates and curtail credit. Recession follows. Or, if asset prices rise on the back of credit expansion, debt servicing ultimately becomes unbearable and asset prices—the collateral—start to fall, but debt levels are fixed in the short term. When people can't service or repay debt, panics and crashes follow, and the risk of a debt deflation and depression rises dramatically. Too much debt and falling asset prices caused the depression of the 1930s and almost another one in 2008-2009. One Important reason that debt rose to such extremes, both in 1929 and 2007 was that the monetary system had a built-in inflationary bias. In the 1920s, it was called the gold exchange standard, whereby countries held both gold and currencies in their reserves. In the post-1971 world, it was called the floating dollar standard or Bretton Woods II. Countries held mainly dollars in their reserves. As a result, the U.S. could inflate at will and foreign countries had to buy the excess dollars on the foreign exchange market if they wanted to prevent their currency from rising. In a world of low and falling price inflation, as was the case after 1982, almost all countries want a cheap currency. This is an important consequence of our flawed monetary system. Countries that buy dollars to keep their currency depressed, experience money and credit inflation. Bubbles result. When those countries re-invest their dollars back into the U.S., the U.S. financial markets remain highly expansionary. Lenders keep lending and borrowers keep spending beyond their means. In a fixed exchange rate system in which countries do not hold dollar reserves, a U.S. international payments deficit results in a drain on domestic liquidity until the deficit is corrected. In the current system, the U.S. can inflate and run huge balance of payments deficits with no pain and no mechanism to stop it, other than a financial panic. It is like a fast car with no brakes. Sooner or later a crash occurs. This fundamental flaw in the international monetary system remains. The combination of this with the unleashing of the great reflation has created a toxic brew. There is little wonder that people fear even greater monetary instability in the future than we have experienced. When looking for scapegoats to point the finger of blame for the crash, it is natural that people have looked to the appalling performance of the regulators. That is valid, and it is also right to highlight the greed-driven excesses of lenders and the virtually criminal conflicts of interest of the ratings agencies. But these characteristics—greed, conflict of interest and criminal behavior—are always present when inordinate inflations and manias occur. It is the inflation that is the real villain. The Long Wave and Deflation The money and credit inflation following the breakdown of the Bretton Woods I system in 1971 originated, we believe, from the deflationary forces of the long wave decline that became quite evident after 1973. The private debt supercycle build-up and overspending in the 1982-2007 period caused a countertrend, but artificial, recovery in some long wave economic forces. Employment, earnings and wealth in industries that benefitted from the credit inflation, such as real estate, the financial industry in general, retail spending, technology (from the 1990s bubble) rose quite strongly, masking the continued downward pressure on capital intensive industries and particularly, but not exclusively, in the capital goods industry itself. Growing excess capacity resulted. Middle-class incomes on average continued to erode and the gulf between rich and poor widened dramatically as in the late 1920s. With the end of the private credit bubble, the long wave decline has resumed its downward course. No one knows how long that will last until the natural, Schumpeterian forces of long-term renewal take over. This would include the implementation of new technologies and the development of new industries. Our guess is that it could take another five years or so. Policy and Markets In The Great Reflation, we look at the inflationary causes of the credit bubble and the ensuing crash of 2008-2009 and the consequences of the massive monetary and fiscal program that was needed to abort an incipient debt deflation like the 1930s. The world, and in particular the U.S., will remain very deflationary for a few more years as the post-crash stimulus will soon begin to dissipate. The recovery engineered by the authorities will face additional headwinds from the unwinding of the private debt supercycle, the resumption of the long wave economic decline and the coming massive fiscal restraint. The U.S. and almost all other governments, at both national and lower levels (states, provinces, municipalities, hospitals, etc.) rein in expenditures and raise taxes. That is the new imperative—no one wants to hit the wall like Greece. However, massive fiscal restraint also carries risks, just as the lack of restraint causes risks of a different sort. The big issue is whether there exists a middle ground that could eventually bring us to stability. That will only be revealed in the fullness of time. Spending and borrowing excesses of governments and the public have a long and dangerous history, suggesting a deeper malaise is affecting the nation. Moreover, there are other serious signs of long-term decline, and policy and leadership will have to be particularly adroit in steering the U.S. through the difficult few years ahead. It has been documented that the latter stages of a long wave decline are parochial, nasty and politically unstable. People are fed up with the system, their loss of wealth, jobs, and income. Traditional politicians are blamed. People look for quick and easy solutions and are open to simplistic solutions provided by demagogues. It is difficult to sell the austerity, sound policies and pro-growth strategies needed to transition through the long wave trough before really big crises occur. Countries in denial face the prospect of repeating Greece's calamity. The risk for the U.S. and other countries is that politicians will cater to populist pressures and impose spending and tax policies that are counterproductive. In the aftermath of the Great Reflation, this could mean more government programs (e.g. health care), failure to raise taxes, where appropriate, out of fear of losing office, and excessive monetary ease because the Treasury bond market cannot absorb government funding on its own. However, we should avoid the temptation to get too pessimistic. It is important never to underestimate the ability of the U.S. to recover from adversity, rejuvenate itself and get its house in order. Its long-term track record is pretty good, and realistic hope should not be jettisoned too readily. The question remains however, as to whether the U.S. needs an economic Pearl Harbour before serious action is taken. Investors have seen empty promises many times before and hence should be sceptical until they see clear, positive evidence that such action is being taken. Until then, they should take the attitude "show me".

Konzum na koljenima


rasprodaje imovinu


5.5.2010 9:33:51
Vrijeme zadnje promjene
5.5.2010 10:54:07

Agrokor prodao skladište na Žitnjaku za 77 mil. eura


Investicijska tvrtka W. P. Carey kupila je dva Agrokorova skladišno-uredska objekta u Zagrebu za 77 milijuna eura. To je najveća logistička transakcija u jugoistočnoj Europi u posljednjih 18 mjeseci


Investicijska tvrtka W. P. Carey, koja se bavi dugoročnim ulaganjima u nekretnine i financiranjem objekata građenih po mjeri, objavila je da je CPA:17 - Global, jedna od njihovih javnih burzovno nekotirajućih podružnica kupila dva skladišno-uredska objekta u Zagrebu za 77 milijuna eura (101 milijun američkih dolara) uključujući troškove akvizicije. Prodane nekretnine su upravna zgrada i distribucijski centar Konzuma, podružnice Agrokora.



Iz Agrokora su za www.kucilooro.webs.com izjavili kako sada ulaze u dugogodišnju stagnaciju i dužničko ropstvo

KaraTeSaky je napisao/la:

Konzum na koljenima


rasprodaje imovinu


5.5.2010 9:33:51
Vrijeme zadnje promjene
5.5.2010 10:54:07

Agrokor prodao skladište na Žitnjaku za 77 mil. eura


Investicijska tvrtka W. P. Carey kupila je dva Agrokorova skladišno-uredska objekta u Zagrebu za 77 milijuna eura. To je najveća logistička transakcija u jugoistočnoj Europi u posljednjih 18 mjeseci


Investicijska tvrtka W. P. Carey, koja se bavi dugoročnim ulaganjima u nekretnine i financiranjem objekata građenih po mjeri, objavila je da je CPA:17 - Global, jedna od njihovih javnih burzovno nekotirajućih podružnica kupila dva skladišno-uredska objekta u Zagrebu za 77 milijuna eura (101 milijun američkih dolara) uključujući troškove akvizicije. Prodane nekretnine su upravna zgrada i distribucijski centar Konzuma, podružnice Agrokora.



Iz Agrokora su za www.kucilooro.webs.com izjavili kako sada ulaze u dugogodišnju stagnaciju i dužničko ropstvo

Kolega može li kakva predikcija cijena KNZM dionice u slijedećem razdoblju? Hvala unaprijed

sale and lease back služi izvlačenju likvidnosti, a likvidnost košta.
gradili su ga u građevinskom boomu, prodaju u doomu.

jednostavno loš posao.

James Knox je napisao/la:

sale and lease back služi izvlačenju likvidnosti, a likvidnost košta.
gradili su ga u građevinskom boomu, prodaju u doomu.

jednostavno loš posao.

Dobro došli kolega Jamese, samo vas ko boga molim da ne otvarate temu Kako prebroditi krizu......
jer ako ovi moji grci shate da će im stezati remen..... tko će ih primiriti

Vidra je napisao/la:

James Knox je napisao/la:

sale and lease back služi izvlačenju likvidnosti, a likvidnost košta.
gradili su ga u građevinskom boomu, prodaju u doomu.

jednostavno loš posao.

Dobro došli kolega Jamese, samo vas ko boga molim da ne otvarate temu Kako prebroditi krizu......
jer ako ovi moji grci shate da će im stezati remen..... tko će ih primiriti

Ne otvarajte tu temu jer će još i sava doći

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