Subjects presented in order with the secretary's recorded introduction
Introduction
Recorded Introduction:
Link to alternative site for immediate play [ Don.s Intro. ASC Audio_34 03/17]
Audio_34 03/17
Present 1.
President Trump and systemic problems still thereafter GFC. Introduces Complexity Theory
-- a natural phenomena -- compared with repeal of Dodd Frank 1100 page Act replaced with
11 pages of the Glass Steagall Act. The president is a free marketeer. The interviewed
says that taxes go towards subsidising banks. This enables removal of $100M of capital this
increases bank leverage. So it appears tax payers money used by government to prop up
banks. Subsidies extend to others e.g. Testla Corp. vehicle manufacturer -- the speaker
said this to be wrong ... Going on to say banks extract wealth and inequality a general
consequence. That said as there's no Free Market and regulation is not doing the job of
stabalising the economy and American society. Still appreciative of the part the media
plays and the democratic process. Questioned as to reliability of GDP as a economic
indicator; Ans. Current factors of policy make GDP a unreliable tool for analysis in the
US.
Present 2.
As Don said following, there's nothing new in this "Asian Tiger" (China) conduct.
Commercial conduct with self interest at its heart practiced by former imperial powers.
Examples presented by the reporter (of the Report) related to practices of the US since GFC
. Countries cited Denmark and Greece where debt and under valuation of identifiable assets
have worked in favour of other international bank creditors, exploiting debt, as now what
China is doing to gain benefit.
Present 3.
With after thought what initially came to mind the people who control international banking
are career types from mainly European countries with one thing in common, Pedigree! They
find executive positions in countries other than countries of their birth. Such a bank of
employment is the Deutsche Bank, accordingly told $462M unaccountable, disappeared through
(or by) the magic of derivatives. A Italian banking house and a death in England,
reminiscent of Roberto Calvi's demise 1982, banker with Banco Ambrosiano, he the chairman.
The report host, implores President Trump to get involved by initiating measures (and
influence) to end practices of out-of-control bankers. This host among his peers well
placed to canvass for workable correction to the status quo. However by the conclusion the co-host introduced the lady German president alluded to Greece and its economic problem. Leaving viewing members questioning, 12 minutes long enough to cover the intrigue under consideration.
Link to alternative site for immediate play of discussion following.
Present 4.
This lady's supplements a earlier commentator by repeal of the Dodd Franks Act, and the GDP
As a ratio to debt citing Japan and the US. The goes on to say public money is or WILL
further go to subsidise the private sector. Conduct of former presidents to repeal Glass
Steagall intended to make smaller banks more competitive. The question was to President
Trump's effectiveness when big financiers like Goldman Sach can bring influence to policy.
Banks extraction of wealth (above) with hedge funds being repatriated to America, a
historical lesson repeated. A successful restart of a cycle bringing economic and
financial hurt, with the added suggestion the City of London again a probable participant.
Followed by a prompt from the host: talks about government bond creation and the Reserve
system to benefit small banks.
Link to alternative site for immediate play of discussion following.
Present 5.
A good report on economic "symbiosis" (though there be three "specie") of the major
determinants of economic health: gold price, interest rate and inflation. A recent report
implicating lack of action by the FRB "interest rates will not keep pace with inflation".
The reporter then criticises aspects of dominant policy issues regarding housing, education
-- tertiary students their education costs and indebtedness -- jobs and productivity as a
consequence of labour laws. Last but not least medical insurance, Obama Health and its
contradictions etc. From recollection the principle of the good citizen subjected to
religious ethic -- ethic we've learnt varies between religions -- could be compromise.
Thus the "contradictions" that Obama Care created, as understood will dissipate
with President Trump.
CONCLUSION with a vote of thanks for the secretary evenings events.
Nothing is conclusive with the those who would enforce (political) adherence aka "correctness". It seems what I blog is of little concern, but what my compatriots in our club say as recorded has brought obstruction and delay (long delay) to catch up with posts. The software provided by Roxio and if you had to identify a cause for a corruption this is where you would start. A search of forums related indicates to the letter, corruption of the Roxio program has been identified, exactly as experienced by this blogger. So, you have to ask if there's no remedy promoted by the Roxio software house, is it not plausible this organisation is complicit in a internationalist program of censorship. Whoever the corrupter/corrupters (or hackers) is/are they what everyone to see the world through their proscribed "rose coloured glasses".
Nothing is conclusive with the those who would enforce (political) adherence aka "correctness". It seems what I blog is of little concern, but what my compatriots in our club say as recorded has brought obstruction and delay (long delay) to catch up with posts. The software provided by Roxio and if you had to identify a cause for a corruption this is where you would start. A search of forums related indicates to the letter, corruption of the Roxio program has been identified, exactly as experienced by this blogger. So, you have to ask if there's no remedy promoted by the Roxio software house, is it not plausible this organisation is complicit in a internationalist program of censorship. Whoever the corrupter/corrupters (or hackers) is/are they what everyone to see the world through their proscribed "rose coloured glasses".
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