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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (53065)2/8/2006 11:48:07 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
Something is going on but unfortunately the masses including our government are tied into debt slavery, consuming beyond their means and fighting wars we can't afford. I see our leaders, I see our hip hop culture on MTV as the future and I know this country is in big trouble. Is it too late to change and take it back to the course we were on pre internet and housing bubble periods and capitalize on the real opportunities to advance the world?



To: GST who wrote (53065)2/8/2006 12:19:20 PM
From: shades  Read Replies (1) | Respond to of 110194
 
DJ No Iranian Asset Move To Switzerland On Sanctions - Banks

the good old days of the gold standard.

Switzerland not the refuge it once was for the nazi's eh?


GENEVA (AP)--Iran is unlikely to shift its assets from elsewhere in Europe to Swiss banks if faced with U.N. sanctions over its nuclear program, Swiss banking officials said Wednesday.

"It's more the contrary," said Pierre Mirabaud, president of the Swiss Bankers Association.

Mirabaud said some Swiss banks announced last month that they would no longer accept official Iranian deposits. hold up I thought they were NUETRAL?

"It does not mean that the Swiss banking sector will not deal with Swiss banking clients who have a long-standing relationship with our country and have nothing to do with one specific regime," Mirabaud said.

But, he added: "I am not aware of massive Iranian deposits coming to Switzerland. On the contrary, the announcements that were made in the last month show that some banks...have decided to ask some clients to leave the bank."

Mirabaud didn't name the institutions that have announced curbs on Iranian deposits, but he noted that the banks "are very much active in America" even though that "may be a coincidence."

U.S. regulators keep a close eye on the activities of foreign banks with operations in the U.S.

Last month, Switzerland's largest bank, UBS AG (UBS), said it would no longer deal with individuals, companies or state institutions in Iran or Syria because of the company's economic and risk analysis.

Credit Suisse Group (CSR), Switzerland's second largest bank, also stopped new business with Iran and Syria, but left unchanged current business relations its clients have in those countries.

James Nason, a spokesman for the bankers association, said: "If the U.N. were to declare sanctions, the money here would probably be frozen with a speed and efficiency greater than any other international financial center. So a country would probably not have any advantage by trying to escape U.N. sanctions by bringing its assets to Switzerland. There would be no advantage at all."

After initially announcing in January that it had begun pulling its assets out of European banks, Iran denied that it was withdrawing its foreign currency reserves abroad.

Estimates put Iranian funds in Europe at up to $50 billion.

The issue arose after Iran removed some U.N. seals from its main uranium enrichment facility Jan. 10 and resumed research on nuclear fuel, including small-scale enrichment, after a 2 1/2-year freeze.


(END) Dow Jones Newswires

February 08, 2006 11:46 ET (16:46 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 11 46 AM EST 02-08-06



To: GST who wrote (53065)2/8/2006 1:42:57 PM
From: mishedlo  Read Replies (3) | Respond to of 110194
 
And I see you are a proponent of

"It's different this time" metrics that wants to count as part of the GDP stuff that has not even been invented yet, and if and when it is, the jobs will likely be in China and India.

I see a clueless person that can not see the consequences of negative US savings, and global wage arbitrage.

You live in some sort of weird time-warp that allows you to hold a multitude of contradictory ideas in your head and believe all of them at the same time. Seriously you belong somewhere in the Bush administration.

You would be perfect for it.

Mish