Topic: RIO+20 = more 'greenwash'

RIO+20 = more 'greenwash' 

Thank God the UN does not rate NZ as a ‘developed country’. The RIO+20 financial commitments to convert the world to ‘green technology’ with a ‘sustainable base’ calls for financial commitments from every developed country as based on the charge of 0.7% against their 2010 GNP.

So for a family of 4 in each of the following countries, here is a selection of what you will pay per annum (compounding in US$), to support this UN sponsored noble feel good, save the world imperative action:

New Zealand - $00 - (I thought we had a GNP but don’t tell the World Bank that).

United Arab Emirates - $00 - (I wonder what happened to all that oil?)

Zimbabwe - $13 - (I guess 2000% inflation won’t be a concern here)

Papua New Guinea - $36 – (must be all that copper mining by tribes-people Eh?)

Greece - $754 – (they can’t even pay their current interest bill let alone the principle)

China - $918 – (maybe they can pay out of the $1.36 trillion US$ ‘fiat money’ that has little actual value to them because they import so little from the USA)

Australia - $1294 – (no problem here cobber, you have just adopted a carbon tax and that can be used as an offset without upsetting anyone – right cobber?)

USA - $1325 – (the richest country in the world but for how long? Unemployment climbing above 8.2%, a decimated housing value from the 2007 subprime fiasco, a national debt of $76 trillion (Shadow Statistics) and a government that borrows 43% of their GDP from the Federal Reserve every year.
All they have to do is just print more US$ and the problem is solved – until hyperinflation catches up with them! Remember the great depression?)

Norway - $2446 – (top of the list. This is what you get for running a balanced economy - screwed)

All this is required under the guise of stopping ‘runaway global warming’ caused by you people breathing out too much of this CO2 stuff. Ignore the fact that there has been NO global warming since 2002 but CO2 has continued its climb as it always does when the world warms naturally. But don’t worry, it will be re-absorbed back into the ocean once global cooling starts in earnest and on present trends you will not have long to wait.

In the meantime the UN wants all counntries except a few islands to contribute to solving their imagined problem. You remember the phrase? “Socialism works fine - until you run out of other people’s money”.

Rex

Re: RIO+20 = more 'greenwash' 

I wouldn't take too much notice of what the UN say Rex. If you are one of the ones who have cottoned onto whats really going on you will know their agenda's are always the opposite to what they actually portray.

Re: RIO+20 = more 'greenwash' 

If you think socialism is all bad with regards to money try "zeitgeist" on youtube. Every "conspiracy" has some truth in it.
The biggest threat to our living on this earth is the global banking and monetary system.

Re: RIO+20 = more 'greenwash' 

......and every school should play the 'Money as Debt' video on youtube to show that the current system will crumble. Its mathmatically inevitable!
A MUST WATCH to anyone!

Re: RIO+20 = more 'greenwash' 

....and everyone should read the Wikipedia entry on reserve banking and take the time to UNDERSTAND it, as I don't believe you do.

http://en.wikipedia.org/wiki/Fractional_reserve_banking

Re: RIO+20 = more 'greenwash' 

Hello all,
Do not be surprised - I agree completely with all of you and I do know exactly what fractional reserve banking means and how it functions.

An excellent wach on TV lately was 'The Inside Job' and how the 2007 subprime market collapsed and how the 1% of the population controlling the world banking system manipulated it.

I follow the Austrian economic model that uses the gold standard and not fiat money as the only money system that is stable - every fiat money system in history since the Chinese invented it in the 14 century HAS COLLAPSED - without exception, so why would anyone think the current system will continue?

It is not a matter of if, but when and I practise what I preach so most of my assests are in physical gold and silver awaiting that day. My best guess is within the next two years.

Rex

Re: RIO+20 = more 'greenwash' 

You could argue, though, that the gold standard, itself, collapsed during the depression as a result of it preventing countries countries from devaluing their currencies and providing monetary stimulation.

Re: RIO+20 = more 'greenwash' 

Wikipedia (strongly bias i might add) is most likely part of the one percent anyway. Perfect programming for the sheep.

Re: RIO+20 = more 'greenwash' 

Yep, Wikipedia is controlled by the capitalists and bankers, but actually, it's just a mathematical system that the page is explaining so that shouldn't matter, but what do you care about the facts.

"And if perchance I have offended
Think but this and all is mended:
We’d as well be 10 minutes back in time,
For all the chance you’ll change your mind."

(Tim Minchin, Storm)

Re: RIO+20 = more 'greenwash' 

Hello ‘lastmanever’,

Conversely, I might argue that government intervention adjusting the Classical Gold Standard into the Gold Coin Standard, and then the Gold Bullion Standard and then the Qualified Gold Bullion Standard might have had much more influence in triggering the banking collapse leading to the great depression.

I acknowledge that gold as a monetary standard during the half-century 1880–1933 was far from stable in value, but its historical record was much better than that of any paper money system. Furthermore, instability was always felt during and after great world wars which by their nature are strongly inflationary, with massive stimulation.

However, printing paper money to fund a war only ends up making your future monetary system highly unstable.

The gold to US dollar link was broken by Nixon in 1971 because France did not trust the value of the US greenback and insisted on all payments being made in gold in lieu of US$ and Nixon was running out of gold. From that time on all fiat money systems have become a giant Ponzi scheme more convoluted with derivatives, paper gold notes and other dubious financial instruments issued by greedy bankers.

The wheels are about to fall off.

Rex

Re: RIO+20 = more 'greenwash' 

You may be right that the wheels will fall off, but I don't believe it will be the fault of the money system but more likely the European common currency idea or issues building up in relation to the effects of technology and globalization.

All systems involving humans need to adapt and change because everyone tries to manipulate them to their advantage. Greed is not confined to bankers. You only need to watch the news to see the pressure on governments from all sectors arguing their need is priority.

Those who anticipate the breakdown in society with apparent glee with the attitude that "I'll be alright because I am prepared" may be dissapointed when a ute load of guys with guns turns up and takes their stuff.

Re: RIO+20 = more 'greenwash' 

If the wheels fall of the money system ( which will happen) it will start in the US before Europe.

Re: RIO+20 = more 'greenwash' 

Hello Lastmanever,

I disagree – world affairs are primarily controlled by finance before politics.
Examples are the Federal Reserve as a cartel of major American banks with the stated objective (from a Congress hearing) of being in business to make a profit for the private shareholders no matter what adverse outcomes affects the general population.
The Federal Reserve and therefore the economic outcomes are NOT controlled by Congress - but the politicians gladly go alone with ‘quantitative easing’ because they get to spend the money, their campaign funds are boosted and large business receive the first flush from each new batch of ‘printed money’ injection.

This financial benefit never filters down to the middle class population except in the form of compounding inflation, which consequently destroys small industry, therefore jobs and leads to property foreclosures.

The next round of US ‘quantitative easing’ (in September??) will be as ineffective as the latest $1.6 billion injection into Spanish banks, because the interest rate return on bonds is down to 1.44% and there is no more stimulation room left at such a low rate.

So which will crash first – the Euro or the greenback? We will get a partial answer on Sunday next when the Greek Government starts to form.
If Greece leaves the Union and devalues by 40% then we are in uncharted territory – or they can stay and bankrupt their future from a low tax take feeding a crippling interest debt. Will Greece’s pain extend throughout the Union?
With Spain’s unemployment at a record 24.6% from their ‘green’ experiment and an inflationary building bubble collapse, Italy always spending beyond its means, France’s new president choosing the inflationary future (printing more money unsupported by production), Germany likely to refuse to fund future bailouts, then I suspect the EU will go into depression first.

Felix Zulauf is the former head of institutional portfolio management at the Union Bank of Switzerland (UBS) and a twenty year contributor to the Barrons Round table. He manages a $1.7 billion fund out of Zug Switzerland and, in addition to all of that, his market calls to date have been eerily prescient.
"I expect the disintegration to begin in the second half of this year. That should lead the world into financial and economic chaos. The potential exists for a broad-based nationalization of the credit system, capital controls and dramatic restrictions on financial markets. Some might even be closed for some time."

You are right to anticipate the breakdown in society. This is being seen in Greece with a pensioner setting himself on fire as a last protest against the loss of his superannuation, schoolteachers representing the middle class throwing bricks in street protest – normally passive people now desperate and angry. Why should the same fear and anger not manifest itself where ever there is a financial meltdown and why not in America?
Should Felix Zulauf be right, the US$ will initially rise and strengthen against all other currencies but the crash of the Euro will be the trigger for the day of reckoning for the US$.

As I said earlier, I expect this within two years and it would give me no satisfaction at all to be proved right “when a ute load of guys with guns turns up and takes their stuff”.
I despise speculators in finance, property or bullion, and do not subscibe to holding bullion for profit, but think it prudent to have an insurance policy and recommend a holding of at least 20% of personal assets in bullion.

We live in interesting times but I fear for my grandsons’ future.

Rex

Re: RIO+20 = more 'greenwash' 

The EU and along with the euro were NEVER meant to be forever, and now we are seeing its collaspe. Hang on for the bumpy ride...........