Thursday, July 5, 2012

Tom Heneghan

http://www.myspace.com/tom_heneghan_intel/blog/545974878

EXPLOSIVE Back Breaking News
Another Day in Bankland
by Tom Heneghan, International Intelligence ExpertWednesday July 4, 2012

UNITED STATES of America
- It can now be reported that the irregular trading in the London libor rate (the spread) tied to Barclays Bank and other European financial institutions make the upcoming interest rate decision by the Bank of England and the European Central Bank (ECB) irrelevant and a non-event.

FACT: Any alleged stimulus by the Bank of England and the ECB will be sucked up within minutes to absorb the derivative costs of Barclays Bank and other euro banks.

Once again all of this interest rate hocus pocus is designed to do is create short term asset bubbles that benefit black box bank and hedge fund traders and then the asset bubble bursts.

P.S. Beware of asset bubbles.

Barclays Bank must now engage in massive deleveraging, so accordingly, repatriation of collateralized assets reference property rights, precious and industrial metals, along with oil and natural gas holdings will continue.

P.P.S. Do not be fooled by the U.S. media's attempt to crank up a crisis in the Middle East between Israel and Iran.

Note: Both Israeli and Iranian diplomats have oil futures trading accounts at Marc Rich's Swiss-based Glencore Commodities and none other than Barclays Bank, United Kingdom
(laugh out loud).

In closing, an economic's lesson: Zero or close to zero interest rate policies instituted by banks accomplish nothing. What these policies accomplish is continue to absorb the derivative cost of banks like Barclays.

These policies also reduce the purchasing power of the middle class (reference currency exchange rates).

Finally, with the banks unable to loan money because of derivative costs, aggregate demand for goods and services will continue to decline.

Folks, a zero percent interest rate policy is deflationary not inflationary.

Solution: Bank consolidation and collateralization and real Protocol implementation.

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