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LinkedInIn Babylon's Banksters, I observed that much of the current financial woes can be traced to the influence of the formula of Dr. David Li, a Chinese mathematician who sought to capture in one scalar quantity a whole nest of credit default bundles and derivatives. As I pointed out there, Dr. Li glibly dispensed with the need for any appeal to historical data in the concoction of his formula, and, for that matter, there really was no historical precedent either for his formula, or for the types of "securities"the banks began to trade and list as assets. Thus, when the meltdown came, it came at … [Read more...]
NEWS AND VIEWS FROM THE NEFARIUM FOR JUNE 21 2012
June 21, 2012 By
Joseph comments on the following article from Reuters about Iceland's growing economy: Iceland's Economy Grows at Fastest Pace in Four Years … [Read more...]
RASH OF BANKSTER RESIGNATIONS: SOME THOUGHTS
March 4, 2012 By
There's been a rash of bankster resignations lately, as the following links amply demonstrate: Links to Bankster Resignations Now, this raises all sorts of questions and possibilities. Yesterday I blogged about the fake bonds that seem to keep popping up, bonds denominated in billion dollar increments, summing to trillions of dollars, and all allegedly from the US Federal Reserve and all allegedly backed by gold, leading to the conclusion that there is a hidden mechanism of finance out there for a market in such falsified securities to exist in the first place. Now, in the wake of the … [Read more...]