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Thursday, March 22, 2012

AN INDEPENDENT POLITICAL ADVISORY DEPENDS ONLY ON CITIZENS

(CLICKING ON THE TITLE IT CAN BE READ THE ARTICLE  Japan building new internet)



DEAR FELLOWS CHAIRESTHAI(=BE HAPPY),
THERE AREN'T A LOT OF NEW THINGS WHICH ARE HAPPENING AT THE GLOBAL

ARENA,JUST THE USUAL :
 TERRORISTS,BATTLES FOR ESTABLISHING THE GLOBAL ORDER,
LOTS OF KILLINGS AND MURDERS OF EMBIOUS LIFE FORMS,BRIBES,FRAUDS AND BLACKMAILS ET CETERA  EUGENE HUMEN ACTIONS,WHICH ELEVATE OUR MIND ABILITIES.

MEANWHILE EPAPHOS ADVISORS IS CONTINUING ITS WORK BY OFFERING ITS SERVICES TO THE CITIZENS.THE TEAMWORK  PARTICIPATED  DURING THE LAST 2 MONTHS AT  BRUSSELS BASED EUROPEAN EVENTS:

A)INFORMATION DAY -CYBERSECURITY  AT CHARLEMAGNE ON 17/02/12

IT WAS THE  FIRST GATHERING OF A MULTISTAKEHOLDERS TEAM (CITIZENS REPRESENTATIVES,MULTINATIONAL COMPANIES,UNIVERSITIES,N.G.O.'s, S.M.E.'s,SECURITY  FORCES REPRESENTATIVES,RESEARCH CENTRES ETC) ,IN ORDER TO BE ORGANIZED ,A BETTER INTERNET SECURITY FOR EUROPEAN CITIZENS.

B)FUTURE INTERNET ARCHITECTURE ON 22/02/12 AT BEAULIEU /DG ICT BUILDINGS
A PROGRESSIVE RESEARCH TEAM ORGANIZED THE EVENT FOR ESTABLISHING BASIC ARCHITECTURE DESIGN PRINCIPLES FOR THE FUTURE INTERNET.
OUR INTERVENTION STOOD AT  TWO CRITICAL POINTS:


I)THAT MATHEMATICAL TERMS SHOULD BE USED AND FOLLOWED.THEY SHOULD BE  BASED  TO THE TRADITIONAL SCIENCE ,WHICH WILL BE IN ACCORDANCE TO THE NEW THOUGHTS EG.WE CAN'T CHANGE THE MEANING OF THE WORD PRINCIPLES,BY CHANGING THEM EACH TIME,OR MAYBE IT WOULD BE BETTER IF THE WORD AXIOMS COULD BE USED,SO THAT THE PRINCIPLES TO REFER TO EACH NEW APPLICATION,PLATFORM ETC.THE TERMINOLOGY IS A VERY IMPORTANT FACTOR FOR BUILDING A FUTURE ARCHITECTURE,THAT'S WHY A COOPERATION WITH GLOSSOLOGISTS IS IN NEED.
II)THE INTERNET WAS BASED ON THE IMPLEMENTATION OF VARIOUS INNOVATIVE PROTOCOLS ,FROM THE 50'S.
WHY NOT WE AS EUROPEANS DON'T CREATE  BY THE HELP OF ACADEMIA ,NEW COMMUNICATION,TRANSPORT,SECURITY PROTOCOLS WHICH BY USING THE NEW INVENTIONS,TECHNICAL LANGUAGES, COULD CREATE AN ALTERNATIVE NETWORK THE  "SYN-NET" ?
BY THIS WAY IT WILL BE OFFERED TO THE RESEARCHERS,PROGRAMMERS,DEMIOURGES(kind of entrepreneurs),INDUSTRY  AND END USERS A HUGE INVESTMENT OPPORTUNITY.THEN  WE AS EUROPEANS WE SHALL HAVE ANOTHER ABILITY ,APART THIS ONE WHICH IS  ALREADY OFFERED BY THE U.S.A. MILITARY SECTOR ,THE TODAY   INTERNET NETWORK.THIS EXTRA CHOICE WILL BE SHARED ACCORDING TO THE COMMON EUROPEAN POLYMOPRPHIC  CULTURAL ETHICS AND CUSTOMS ,WITH THE REST OF THE WORLD.
 


C)SPACEeu AT CENTRE DIAMANTE ON 28/02/12
BEING ORGANIZED BY THE GERMAN AEROSPACE CENTRE
NOTHING NEW

D)AMBIENT ASSISTED LIVING AT ROYAL BELGIUM (FLEMISH REGION) ACADEMY FOR SCIENCE AND ARTS  ON 13/03/2012

E)OPEN DIALOGUE BETWEEN INSTITUTIONS AND CITIZENS CHANGES AND CHALLENGES AT  AUSTRIAN (REGION OF SAXONY-ANHALT)DELEGATION TO THE EU ON 14/03/12
THIS WAS THE  FINAL EVENT OF A THREE SERIES.

OUR STANCE  CONGRATULATED   HONORABLE  CITIZEN  MR DIAMANTUROS  (EUROPEAN OMBUDSMAN) FOR HIS IN DEPTH ANALYSES ,WHICH ARE IN ACCORDANCE TO OUR TEAMS POLICIES TOO .
WE STATED  TO THE HON.CITIZEN MR.SCHINAS( DEPUTY HEAD OF EUROPEAN COMMISSION'S POLICY ADVISERS),THAT THE FOLLOWED ECONOMIC POLICIES SHOULD BE GUIDED BY THE VOLUNTEER PARTICIPATION OF THE STATE  MEMBERS AND THIS SHOULDN'T BE INSTITUTIONALIZED.

ON THE CONTRARY THE EUROPEAN STATES OUGHT TO PROCEED THE FASTEST TO THE CREATION OF A COMMON DEFENCE POLICY ,ACCORDING TO THE TREATIES OF 48 AND 50'S.
CLOSING OUR CONTRIBUTION,WAS THANKED HON.CITIZEN PROF.JOHANNES PICHLER (DIRECTOR OF THE AUSTRIAN INSTITUTE FOR EUROPEAN LAW AND POLICY),FOR HIS POSITIVITY  REGARDING PARTICIPATORY DEMOCRACY AND HIS EXCELLENT ORGANIZATIONAL SKILLS.
  


CT)SATELLITE TELECOMMUNICATIONS CONFERENCE 2012,AN INNOVATIVE TOOL SERVING REGIONAL DEVELOPMENT AT COMMITTEE DES REGIONS ON 20/03/2012,MORNING SESSIONS

Z)SECOND ANNUAL CONFERENCE EUROPEAN CITIZEN'S INITIATIVES:ON THE STARTING LINE
AT   AUSTRIAN (REGION OF SAXONY-ANHALT)DELEGATION TO THE EU  ON 20/3/12,EVENING SESSIONS.

EPAPHOS TEAMWORK DECLARED ITS POSITIVITY ABOUT  CITIZENS INITIATIVE ON 1st OF APRIL,EVEN THOUGH  THE DATE ,DOESN'T FIT  WELL ,DUE TO OTHER SYMBOLIC EVENTS WHICH ARE CELEBRATED THE SPECIFIC DAY.
WE HAVE SPOKEN ABOUT :
A)THE NEED FOR A MULTILINGUAL TRANSLATION SERVICE IN ALL 23 OFFICIAL LANGUAGES OF THE UNION,AS IT IS CONCLUDED BY ALL.THIS  ISN'T SO DIFFICULT,NOT COST  BURDEN, TO BE OFFERED SUCH A PLATFORM,BUT IT MUST BE ACHIEVED A COOPERATION BETWEEN THE EUROPEAN TRANSLATORS UNIONS,(IF THEY ARE EXISTING),SPECIALIZED PRIVATE SECTOR COMPANIES ,UNIVERSITIES AND EUROPEAN COMMISSION'S  FACILITIES,THROUGH    SEMANTICS TECHNOLOGY. THE RESULT COULD BE A WEB 3.0 AUTOMATIC EUROPEAN TRANSLATION UNIT ,WHICH FOR THE MOMENT DOESN'T EXIST(SO THE SERVICES OF GOOGLE,MICROSOFT ETC ARE BEING UTILIZED).HOWEVER IF SUCH A COOPERATION MIGHT EVER COULD BE DEVELOPED ,THIS COMBINED WITH THE EUROPEAN TRANSLATORS  SERVICES ,MIGHT OFFER TO THE CITIZENS THE ABILITY ,TO EXPRESS THEMSELVES AT THEIR NATIONAL LANGUAGE.
B)THE LAPSE OF DEMOCRACY AND THE NEGATIVE IMPACT FOR THE CITIZENS  INITIATIVE ,WHICH IS APPROVED BY LISBON TREATY,FOR KEEPING THEM  AT A THREE MONTHS WAITING LISTS ,IN ORDER THEIR CAUSE TO BE APPROVED.
THIS IS AGAINST THE DEMOCRATIC ELEMENTS OF FREE CHOICE AND  EXPRESSION,WHEN AT THE SAME TIME THE NUMBER OF 7 COUNTRIES AND THE ONE MILLION SIGNATURES ARE TOO LOW LIMITS FOR SUCH IMPORTANT AFFAIRS.
IT IS BELIEVED THAT LATER ON IT SHOULD BE GIVEN TWO CHOICES TO THE CITIZENS ,SO THAT THEY COULD FOLLOW A  MULTI-STATE TERRITORIAL ABILITY,FOR WHICH THE PROVIDED ALREADY LEGISLATIVE REQUIREMENTS ARE ALMOST GOOD ,PLUS A EUROPEAN ONE.

THE NATIONAL STATE AUTHORITIES MIGHT DEVELOP THEIR OWN CITIZENS INITIATIVE LEGISLATIVE NORMS.

WE THANK ALL THOSE WHO SUPPORT OUR CAUSES AND EMPOWER THE WORK ,BUT ALSO THOSE WHO OPPOSE IT,BECAUSE THEY ASSIST THE STRENGTHEN OF A  DEMOCRATIC DIALOG.
HYGEIAINETE 

A.C.


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Thursday, March 08, 2012

THE ECOUMENIZATION THEORY or PERI TEES TOU OIKOU PHYSEOOS - THE METATECHNICAL physiconomic policies

ΔΙΟ ΔΕΙ ΕΠΕΣΘΑΙ 
ΤΩ (ΞΥΝΩ ΤΟΥΤΕΣΤΙ ΤΩ)
ΚΟΙΝΩ ,
ΞΥΝΟΣ ΓΑΡ Ο ΚΟΙΝΟΣ
ΤΟΥ ΛΟΓΟΥ ΔΕ ΕΟΝΤΟΣ ΞΥΝΟΥ
ΖΩΟΥΣΙΝ ΟΙ ΠΟΛΛΟΙ 
ΩΣ ΙΔΙΑΝ ΕΧΟΥΣΙΝ ΦΡΟΝΗΣΙΝ(*)
           FRAGMENT2
           [2byw] sextus empiricus
           CONTRE LES MATHEMATICIENES ,VII 133 

THE END OF 20th AD,POINTS ALSO THE DECLINE AND SLOW TERMINATION FOR THE INDUSTRIAL PERIOD.DURING THIS ERA THE DEVELOPMENT OF  PRODUCTION OCCURRED MAINLY AT A CITY ENVIRONMENT BEING CHARACTERIZED BY A BRUTAL TECHNOLOGICAL LEVEL.
THE VOLATILE TRANSFORMATION OF THE NATURAL RESOURCES  AND RAW  MATERIALS TO OTHER  ARTIFICIAL  FORMS,PRODUCED AT THE SAME TIME A HUGE AMOUNT OF BYPRODUCTS,NOISE  AND RUBBISH WITH A LOW  RECYCLE INDEX (**) .
THE CONSEQUENCES FOR IMPLEMENTING  SUCH KIND OF ECONOMICAL  MODELS WILL ALWAYS ,DESTABILIZE GAIA'S TRI-AXIAL MOVING CYCLES or FREQUENCIES,WHICH AFFECTS THE  EMBIOUS ENVIRONMENTS BASED AROUND,ON and IN HER.
THE POLITICAL AND ECONOMICAL REFORMS,WHICH HAPPENED FOR THE LAST 2-3 CENTURIES ,AUGMENTED THE PEOPLE'S  LIVING STANDARDS,ENERGY CONSUMPTION ,BIRTH RATES,AND  LIFE SPAN.THIS HAS AS A RESULT  THE INCREASEMENT OF THE  POPULATION.
THE OLIGARCHIC CYCLES BELIEVE THAT THIS IS A DISADVANTAGE,SO THEIR DESIGNED POLICIES ARE BEING PROGRAMMED ON THIS THOUGHT.
ON THE CONTRARY THE ECOUMENIC  BELIEF SEES IT AS A GREAT ADVANTAGE,IF THE INELASTIC    WAYS ABOUT  ENERGY PRODUCTION WILL TURN TO THE NEWLY DISCOVERED CHEAPER,FRIENDLIER TO THE BIO ENVIRONMENTS AND NATURE,TECHNICS AND TECHNOLOGIES.ON THE SAME TIME THE POPULATION'S ORGANIZATIONAL METHODS OBLIGATORY ,OUGHT TO BE CHANGED  TO PURE DEMOCRATIC PROCEDURES,COMBINED WITH SCIENTIFIC INVENTIONS.

THESE  EVOLUTIONS WILL  PRIORITIZE THE EMPOWERMENT OF KNOWLEDGE  TO ALL LEVELS OF THE SYN-POLIS .THEY WILL EXPAND AND ENCOURAGE ,THE SCIENTIFIC RESEARCH IN ORDER NATURE - PHYSIS  TO BE STUDIED SO THAT TO BE PROVEN ,THE ANCIENT PHILOSOPHICAL THEORIES ,WHICH  WERE DESCRIBING THAT  THE MICRO - MACRO KOSMOS  ARE RELATED IN HARMONY.THE TECHNOLOGICAL INSTRUMENTS ARE GOING TO PLAY A SIGNIFICANT ROLE TO THIS EXPLORATION BY OBSERVATION,MEASUREMENT AND EXPERIMENTATION.  
IT IS IN THE  POLITICAL KOINON (COMMUNE) WILL AND ACTIONS  TO  KEEP THE  GEO-ENVIRONMENT'S  BALANCE,SO THAT NATURE TO RETURN TO THE MEANING GIVEN BY THE CHINESE ,WHO ARE DESCRIBING PHYSIS  ALSO  AS  ΠΑΡΑΔΕΙΣΟΣ (***).
THE PROGRESS IN SCIENCE,RESEARCH AND TECHNOLOGY GIVES NEW PERCEPTION FOR OUR RACE,WHICH CAN FLY,LIVE IN EXTREME PLANETARY OR EXO PLANETARY ENVIRONMENTS .WE CAN CREATE AND DEVELOP NEW HOSPITABLE PLACES AT OTHER SOLAR SPHERES  AND SPACE STATIONS ,THROUGH THE KNOWLEDGE OF PLANETOMECHANICS AND PLANETOLOGY BY  UNDERSTANDING  AND RESPECTING THE NEWLY DISCOVERED  PHYSICAL PLANETICAL CYCLES.
IN FRONT OF THE EYES OF ANY PRIMITIVE  LOGIC SPECIE,ALL THE ABOVE MENTIONED WOULD LOOK LIKE A MIRACLE,AND IT  WON'T BE AN EXAGGERATION  TO BE CLAIMED,WHAT ANCIENT GREEKS  BELIEVED,THAT WE ARE MORTAL GODS ,WHEN ANCIENT GODS WERE IMMORTAL HUMANS.
A PHILOSOPHY WHICH  STILL STANDS ,BY THE " ΚΑΘ'ΕΙΚΟΝΑ ΚΑΙ ΟΜOΙΩΣΗ " CHRISTIAN VERSE.
THE PERSPECTIVE OF AN ALIVE POLYMORPHIC COSMOS,WHICH USED TO BE COMMON  FOR THE ARCHAIOI (= ANCIENTS ,THE TERM DERIVES FROM THE WORD  ΑΡΧΗ =PRINCIPLE ),IS ARISING 
INTO THE NEW AND AT THE SAME TIME ANCIENT MENTALITY WHICH IS BASED ON DEMOS(=PEOPLE) COMMUNICATION AND  IT IS ABOUT:

THE UNITY OF THE HUMAN RACE,BY THE RESPECT OF THE DIVERSITY,RIGHTS AND OBLIGATIONS TOWARDS THE "KOINON",IN ACCORDANCE TO THE  GEOGRAPHICAL,CLIMATOLOGICAL AND CULTURAL VARIATIONS FOR EACH G(R)AIEAN ZONE.

THE UNITY OF CITIZENS  WISH,IN TRANSFORMING ANY PLANETARY ENVIRONMENT IN A HABITABLE PLACE,BY RESPECTING THE NATURE AND AVOIDING ANY  ARTIFICIAL VIOLENT USE OF ENERGY,ACTIVITY,VIBRATION.
THE PURE DEMOCRACY THROUGH ITS SORTING MAINLY AND ELECTORAL METHODS GUARANTIES THE  PEACEFUL RESOLVEMENT  OF ANY ARISEN DISPUTES.

THE UNITY OF THE PHYSIS NOMOS(=LAW),LOGOS (=RATIO,REASON,TRUTH), TO AN   ATOMIC AND SUB ATOMIC LEVEL,AT A QUANTUM PERSPECTIVE,IS THE PATH FOR THE ΧΩΡΟ-ΧΡΟΝΟΣ(=TIME-SPACE).  THIS  SCIENTIFIC UNDERSTANDING  IT IS BASED ON THE AXIOM THAT :
"chronos is the move of each consciousness from one event to another "

THE NEW SCIENTIFIC APPROACH ,WILL STEP ON  GNOOSIS TRANSMISSION,SHARING AND ETHOS(=MORALITY) .IT WILL BE ONE OF  THE BASIC TOOLS ,INSIDE THE PURE DEMOCRACY'S INSTITUTIONS ,APART THOSE OF VARIOUS RELIGIONS AND ARTS.
THIS SCIENCE  WILL GUIDE THE CITIZENS  IN ORDER TO  EDUCATE THEM, TOWARDS THE DIRECTION FOR A PROPER SELF-UNDERSTANDING LEVEL (KNOW THYSELF,ΓΝΩΘΙ ΣΕΑΥΤΟΝ),FOR THE UNIFICATION,CREATION,SUSTAINABILITY  OF THE COMMON  MULTIPOLAR CONSCIOUS IN HARMONY. 
THROUGH THE NETWORK CONNECTIVITY AND PRIVACY RESPECT,EVERYTHING HAS BECOME AN INFORMATION,DATA,LIBRARY  READY TO BE USED BY NOUS,MIND,DIANOIA  FOR  SHARING,EXCHANGE,DISCUSS,CREATE,ORGANIZE,COOPERATE,MAKE  THE THINGS HAPPEN.
IT IS JUST  THEN TO BE NAMED THIS METALUCEAN EPOC AS A PLERINFORMAL ERA TOO.

We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with inherent and inalienable Rights; that among these, are Life, Liberty, and the pursuit of Happiness; that to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed; that whenever any Form of Government becomes destructive of these ends, it is the Right of the people to alter or abolish it, and to institute new Government, laying its foundation on such principles, and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

DECLARATION OF INDEPENDENCE (1776)
Tomas  Jefferson

THE POLITICAL FRAMEWORK IN WHICH THIS  DYNAMIC  TRIANGLE,SCIENCES,RELIGIONS,ARTS,OUGHT TO  OPERATE ,IS THE THREE LEVELED CIRCULAR DEMOCRATIC ORGANIZATION ,INSIDE  SYN-POLIS DECISION MAKING BODIES (THE REAL - VIRTUAL - AND ICONIC POLIS).
THE SAME CYCLES COULD BE  IMPLEMENTED  APART  FROM THE  LOCAL ECOSYSTEM ,ALSO AT A REGIONAL,NATIONAL AND HOMOSPONDICAL ONE,IN ACCORDANCE TO THE VARIOUS PECULIARITIES FOR EACH ONE OF THE TEN ZONES , AS IT IS DESCRIBED AT THE politikal logos PREVIOUS  CHAPTER.
ECONOLOGICAL SCIENCE (ECONOMY- ECODYNAMICS- BENCHMARKING) WILL OFFER THE APPROPRIATE LOGIC,LAWS AND MOTIVES IN ORDER ALL THE SYSTEM TO BE FINANCED ACCORDINGLY TO THE "KOINON" BENEFIT,BY BALANCING THE INTERRELATION BETWEEN PUBLIC,COMMUNITIES AND PRIVATE SECTORS .
THE POLITICAL  LOGOS  FOR EACH COMMUNITY,PEOPLE,SOCIETY,CITIZENS,METAPOLITANS  SHOULD HAVE AS   A MAIN PARADIGM ,THE FOOTPRINT  ON THE PLANET,WHICH CAN BE REFLECTED,IMPRINTED ,BUILT, BY OBSERVING  THE SKY SOCIETY or  ΤΗΕ URANIAN POLIS(cosmopolis)  OF STARS CLUSTERS  AND PLANETS ,AS THE STOICS  WISELY DESCRIBED. 

THE DEMOS KRATOS  IS THE ONLY STATE
WHICH BY ORGANIZING COMMON LIFE,
ASSISTS ANOO-THROOPOI 
TO RAISE THEIR HEADS TOWARDS THE SKIES,
IN ORDER TO BE EXPLORED
THE ETERNAL REQUESTS:

WHO WE ARE
WHAT WE SERVE
WHERE ARE WE  COMING FROM
AND GOING FOR ???

outos epha 




NOTES 
(*)so we must follow the common because communion is the common.even though wisdom is common,yet the many live ,as if they had an wisdom of their own
(**)this is an index that is the ratio of the total mass of the wastes which were technically created versus the mass of the renewed - recycled - disoluted in the time.
(***) Heaven is a key concept in Chinese mythology, philosophies and religions, and is on one end of the spectrum a synonym of Shangdi ("Supreme Deity") and on the other naturalistic end, a synonym for nature and the sky.
http://en.wikipedia.org/wiki/Heaven



SOURCES



EUROPEAN UNION'S
SEVERAL  SCIENTIFIC PAPERS WRITTEN IN 2000-2011



THE ABOVE WRITTEN  ESSAY IT IS DEDICATED TO THE ECOUMENIC WOMEN OR WOMEN OF THE G(R)AIEA





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Friday, March 02, 2012

P.I.I.G.S. - G.I.P.S.I. - GOLD AND coca - cola

Derivatives: The $600 Trillion Time Bomb That's Set to Explode
 In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.
 The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).
 Derivatives played a crucial role in bringing down the global economy, so you would think that the world's top policymakers would have reined these things in by now - but they haven't.
 Instead of attacking the problem, regulators have let it spiral out of control, and the result is a $600 trillion time bomb called the derivatives market.
MORE CAN BE READ BY CLICKING ON THE TITLE












A)Banks borrow €530bn from ECB scheme


The European Central Bank on Wednesday injected €529.5bn into the eurozone financial system as 800 European banks took advantage of the ECB’s cheap three-year loan programme.
Consensus median forecast had predicted banks would tap about €500bn from the second phase of the ECB’s three-year, longer-term refinancing operation (LTRO), which offers lenders an interest rate of just 1 per cent.

Money Supply How deep are the ECB’s pockets?
Europe banks hungry for second helpings

The ECB’s first three-year loan programme in December, which saw 523 banks borrow €489bn, was widely seen as a “game changer” that helped to avert a liquidity squeeze in the European banking system. The LTRO boosted investor sentiment, lifting markets and aiding an initial flurry of bond issues by banks at the start of the year.
Wednesday’s figure included funds rolled from shorter dated operations. About €313.7bn of net new liquidity was added to the system – much more than in December’s loan auction. “This is at the higher end of market expectations and should have a positive impact on risk assets especially when compared to the €193.4bn net liquidity add that was seen from December’s LTRO 1,” said Divyang Shah, global strategist at IFR Markets.
Suki Mann, head of credit strategy at Société Générale in London, said the result was something of a “non-event” and said only a figure at either extreme of consensus forecasts would have had a bigger affect on the markets.
“You can reasonably assume that any major short-term funding issues have now been alleviated and the market can move on,” said Mr Mann. “The fact that more banks participated is a result of the collateral rules being widened.”
The euro weakened compared with the dollar on the news, dropping 0.4 per cent. The FTSE Eurofirst was up 0.4 per cent.
With about €700bn of debt maturing during 2012, a chunk of the funds from both LTRO are likely to be used by lenders to refinance debt.
Banks, particularly those in Spain and Italy, are thought to have already used the first round of cheap money from the ECB to buy their governments’ sovereign bonds, helping to drive borrowing costs lower. Recent figures from the ECB show that Italian and Spanish banks increased their holdings in sovereign bonds by 13 per cent and 29 per cent respectively over a two-month period between December and January.
Since the first three-year emergency funding operation in December, there has also been a noticeable rise in the amount of cash being held at the ECB’s daily facility.
Many expect the second LTRO to be used to refinance debt, buy sovereign bonds and act as a liquidity buffer. However, it remains to be seen how much of that money is filtering down to the real economy in the form of loans to companies.
Some have warned that eurozone banks risk becoming addicted to the cheap funding from the ECB and that it may not be long before the central bank has to commit to a third LTRO.
However, Mario Draghi, the ECB’s president, stressed earlier this month that the measures were temporary and the central bank would not pre-commit to making them a permanent feature of monetary policy.

By Mary Watkins

source FT

B)Iran Sanctions Conducive to Weak Dollar and Spiralling Gold Prices

We are trying to figure out the best way to describe the banking and oil sanctions against Iran, which are blatant acts of war. Just look back in history at similar situations and you will see what we are referring too. It is simple incompetence or is the allied plan a false flag feint in order to distract attention away from debt problems?

A month ago when the US was trying to terrorize Syria and Iran with oil and banking sanctions we said they did not have a chance of winning. Iran’s nations that are friendlies, such as China, India and Russia are major nations that will assist in the circumvention of some 70% of those sanctions. As we predicted all the excitement in the Straight of Hormuz was just that, another distraction. This week the USS Abraham Lincoln, an aircraft Carrier, went through the Straight, which tells us as we said earlier, it was all just a game. That relieved pressure of financial markets in Europe, the UK and US.

Most people forget an agreement has been in place for more than a year between Russia and China, so the precedent has been set and it works. To simplify things India wants to use gold in exchange for oil, a very simple and novel idea.

What does all this add up too? The basic common denominator is a growing existence of the US dollar and of the world financial system. What Washington has done has expedited the end of the US dollar as the world’s reserve currency. Worse yet for the dollar deals like this are in the works all over Asia. Alliances are forming as we speak and it is only a matter of time before it happens. We believe this will take place over the next two years, accompanied by higher interest rates. These countries are proceeding at their own pace and will soon have major agreements in place.

The movement toward an alternative trade, a monetary and financial system is underway and the US is trying to force dollar usage on everyone, like it or not. If the US doesn’t come up with an alternative soon they may be ejected out of world trade, because few will want their currency. These engineered events just make the US look weaker in the long run. Foreigners are already euro sellers and T-bill buyers.

Again, we return to the unnatural and unbalanced trade situation between Germany and the remainder of the EU. The gap in competitiveness between the industrial north and the south is enormous.

If the  EU and euro zone had been properly set up as a political and fiscal union that might have succeeded. There was no political union – only a financial and trade union, which we wrote in 1992, could never work and it did not work as we are observing. What this has turned out to be and we predicted it, and that is an unending transfer of wealth from the north to the south. If you look at the pluses and minuses Germany should exit the euro zone. The euro has been used to stay close to France due to the experiences of the past. That is very difficult because the German culture is much different than that of other countries like France, England or the US. You have to live there in those countries and speak their languages to truly understand how they think and why they are the culture that they are.

In addition to culture problems we have a group of Illuminists, who always happen to be appointed to the positions of power to further the aims and goals of world government. Today Mr. Draghi at the ECB is a prime example. All that was accomplished by previous ECB management has been cast to the 4-winds – a complete turnaround by following orders from London and NYC to crank up money and credit creation. This obviously is the only way these elitists know how to temporarily make an economy run. All they have done has saved the financial sector and done little for economic recovery. Why should anyone expect any different result?
           
Italy is buried in debt, as is Spain and they are uncompetitive. Spain’s real estate collapse is worse then that of the US. In Spain you also have to too big to fail syndrome, which means bank nationalization in both countries, as in England and in other various European countries. Spain has to go bankrupt. Real estate has not as yet hit a bottom. Spain and Italy are already caught up in a deflationary debt spiral and will eventually have to default and leave the euro. There was no vigilance. Few paid attention to their performance and plight, and now you are seeing the result of that.

We are now faced with tremendous deficit spending, that money and credit being supplied by the Fed, which, of course, will never be repaid.

While euro squabbles over the euro and sovereign debt the US is finding out that he who has the gold makes the rules. Rumors abound that India may pay for part or all of its oil purchases from Iran with gold. If this does become reality it will end up being negative for the dollar.

Iran is to be punished because they supposedly want to make nuclear weapons. These sanctions are on oil and its sale to others and being shut out of the world banking system. From our viewpoint these sanctions have already been a failure. These moves by the US, UK and Europe have only served to put more downward pressure on the US dollar. The petrodollars have been on their way for sometime but actions such as these two embargos will prove to be even more disastrous for the dollar. It shows the use of dollars can be circumvented. That also means those countries that had been buying US Treasuries may start to reduce buying and other currencies and perhaps gold will be used as alternatives. That has been happening over the past few months. Obviously, America’s problems are having a cumulative effect and those dollar sales are moving to other currencies and are a reflection of a staggering world super power. America no longer deserves its dollar reserve privileges - it has squandered them away. We see, zero interest rates for three years, QE 3 on the way and the Fed lending $1 trillion, or is it a fractionalized $10 trillion. The situation is not getting better, but getting worse and that means we have a solid three years or more of climbing gold and silver prices.

by Bob Chapman

SOURCE GLOBALRESEARCH.CA

C)What Ails Europe?

Things are terrible here, as unemployment soars past 13 percent. Things are even worse in Greece, Ireland, and arguably in Spain, and Europe as a whole appears to be sliding back into recession.
 Why has Europe become the sick man of the world economy? Everyone knows the answer. Unfortunately, most of what people know isn’t true — and false stories about European woes are warping our economic discourse.
 Read an opinion piece about Europe — or, all too often, a supposedly factual news report — and you’ll probably encounter one of two stories, which I think of as the Republican narrative and the German narrative. Neither story fits the facts.
 The Republican story — it’s one of the central themes of Mitt Romney’s campaign — is that Europe is in trouble because it has done too much to help the poor and unlucky, that we’re watching the death throes of the welfare state. This story is, by the way, a perennial right-wing favorite: back in 1991, when Sweden was suffering from a banking crisis brought on by deregulation (sound familiar?), the Cato Institute published a triumphant report on how this proved the failure of the whole welfare state model.
 Did I mention that Sweden, which still has a very generous welfare state, is currently a star performer, with economic growth faster than that of any other wealthy nation?
 But let’s do this systematically. Look at the 15 European nations currently using the euro (leaving Malta and Cyprus aside), and rank them by the percentage of G.D.P. they spent on social programs before the crisis. Do the troubled GIPSI nations (Greece, Ireland, Portugal, Spain, Italy) stand out for having unusually large welfare states? No, they don’t; only Italy was in the top five, and even so its welfare state was smaller than Germany’s.
 So excessively large welfare states didn’t cause the troubles.
 Next up, the German story, which is that it’s all about fiscal irresponsibility. This story seems to fit Greece, but nobody else. Italy ran deficits in the years before the crisis, but they were only slightly larger than Germany’s (Italy’s large debt is a legacy from irresponsible policies many years ago). Portugal’s deficits were significantly smaller, while Spain and Ireland actually ran surpluses.
 Oh, and countries that aren’t on the euro seem able to run large deficits and carry large debts without facing any crises. Britain and the United States can borrow long-term at interest rates of around 2 percent; Japan, which is far more deeply in debt than any country in Europe, Greece included, pays only 1 percent.
 In other words, the Hellenization of our economic discourse, in which we’re all just a year or two of deficits from becoming another Greece, is completely off base.
 So what does ail Europe? The truth is that the story is mostly monetary. By introducing a single currency without the institutions needed to make that currency work, Europe effectively reinvented the defects of the gold standard — defects that played a major role in causing and perpetuating the Great Depression.
 More specifically, the creation of the euro fostered a false sense of security among private investors, unleashing huge, unsustainable flows of capital into nations all around Europe’s periphery. As a consequence of these inflows, costs and prices rose, manufacturing became uncompetitive, and nations that had roughly balanced trade in 1999 began running large trade deficits instead. Then the music stopped.
 If the peripheral nations still had their own currencies, they could and would use devaluation to quickly restore competitiveness. But they don’t, which means that they are in for a long period of mass unemployment and slow, grinding deflation. Their debt crises are mainly a byproduct of this sad prospect, because depressed economies lead to budget deficits and deflation magnifies the burden of debt.
 Now, understanding the nature of Europe’s troubles offers only limited benefits to the Europeans themselves. The afflicted nations, in particular, have nothing but bad choices: either they suffer the pains of deflation or they take the drastic step of leaving the euro, which won’t be politically feasible until or unless all else fails (a point Greece seems to be approaching). Germany could help by reversing its own austerity policies and accepting higher inflation, but it won’t.
 For the rest of us, however, getting Europe right makes a huge difference, because false stories about Europe are being used to push policies that would be cruel, destructive, or both. The next time you hear people invoking the European example to demand that we destroy our social safety net or slash spending in the face of a deeply depressed economy, here’s what you need to know: they have no idea what they’re talking about.

By PAUL KRUGMAN

SOURCE NYT

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