Busted: Bankers and The Global Economy

September 28, 2008

Liquidity Crisis is Accounting Semantics

In dealing with the bailout the reader needs discernment that is provided on this website. Remember that the ultimate solution for global banking per the global central bankers is the integration of Basel II rules. Basel II rules don’t prohibit the kind of banking profitaking or abusive policies that we have seen in the United States over the last decade or more. Basel II, the creation of global bankers is little more than a charade, pretending to be a solution for little or nothing. Basel II merely restricts the surface exposure of the tricks that accountants play with the direction of their superiors.

The bottom line is that the liquidity crisis in America is in large due to semantics in accounting, combined with the fear of bankers. When payback has come home to roost, bankers have become very protective of themselves. The result is clear to see. These accounting tricks that are used by bankers and big business to bolster the bottom line while accentuating power and growth has become the established tour de force of the industry that they don’t want to give up. If you haven’t deduced the truth from reading this blog over the last year, know the truth now. The crisis that we have in largely based in fear because of rampant abuse of the system. Bankers know what awaits them because of what they have done along with the sponsorship of the U.S. government. Turning a blind eye to improper banking and accounting standards because those standards “enriched” the nation has finally completed the cycle. Regulations weren’t the problem. The will to enforce regulations along with acceptable standards was and still is the Achilles Heel of the system.  

What everyone in the U.S. economy has forgotten about is the glory of small business creativity and empowerment that the United States as a nation used to enjoy. Instead, the U.S. has turned to fascist corporate policy and close scrutiny on personal freedom as the safe way to live and profit. Increasing control, now available through computers, the internet and global tracking technologies is becoming the established way of policing the nation. A meaningful grass roots recovery will be difficult to impossible until this changes. Ultimately, this is what is needed to restore any level of quick recovery to the nation. Politicians must give up some of the control that they are determined to enjoy. ~ E. Manning

August 28, 2008

IBM Continues to Escalate Global Tracking

IBM’s strong financial performance lately can be attributed in part to the growth of IBM’s System z10 mainframe. On an increasing basis IBM has been developing global banking and tracking software to serve the needs of multinational corporate clients. In fact, IBM has received a notable patent for tracking which could be used for the creative tracking of not only data and products, but human beings as well.

The IBM mainframe allows for additional protection of sensitive data such as credit card information and client’s personal information from hackers which is a very attractive feature in banking operations. From a computer standpoint, the beauty of the mainframe allows for a policy-based system that distributes, manages and tracks all data in a simplified fashion over older computing. Multinational bankers are investing in the system because of huge expandability promises combined with flexibility in use for multiple types of banking simultaneously: commercial banking, Islamic banking, investment banking and insurance.

If you use your imagination, you can visualize where this advance in computing is taking the global banking system and other multinational corporate capabilities. IBM is almost single-handedly creating the means to elevate a digital revolution in the global economy, quickly becoming a completely digital economy. ~ E. Manning

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