Yesterday the Main Stream Media or more aptly called the “presstitudes” announced with pride that the Air NZ sale had netted a cool $ 365 Million
While this is an amount I would dearly have in my bank account (just long enough for me to take it out and buy bitcoins, gold and silver with it) it is in the grander scheme of things a mere pittance and here is what I mean by that:
- New Zealand’s government borrow $ 380 Million each and every week.
- New Zealand has (As per May 2012) a whopping $ 112 Billion in Derivatives on its off the book’s books
- ACC has just doubled (In Derivatives investments no doubt) to $ 24.6 Billion
And while this is just in New Zealand how about some more numbers globally:
- Just in the last hour the news broke that the Department of Justice has reached an agreement with JP Morgan about the size of the fine the bank has to pay for its role in the mortgage crisis and their illegal foreclosure procedures. Remember this is a fine as a percentage of the real profits they made during these criminal forays into the pockets of hardworking American consumers after which they had to be bailed out by the same people, now in the role of tax payers.
- The fine was a mere $ 13 billion. Still the biggest fine ever issued to a bank!But how about some really terrifying number to put the pittance we gained on the Air NZ sales
But how about some really terrifying numbers to put the pittance we gained on the Air NZ sales in perspective!
- JP Morgan holds $ 550 BILION in reserves with the Federal Reserve making the $ 13 billion a laughable sum in the grander scheme of things and if you look at how
- leveraged the TBTF banks are you are beginning to get a glimpse of how up shit creek the entire global financial world really is and why asset sales of all that is real and tangible are of the utmost importance to the people at the top of the pyramid. They know what is coming and they are getting rid of their dollars as fast and hard as they can!
- Here for example is what the rich are prepared to pay for some paintings.
- A triptych of paintings from Francis Bacon recently sold for $ 142.4 Million or approximately 1/3th of the sales of our National airliner company while
- A Painting of Andy Warhol sold for a mere $ 57.3 Million