Knowledge is power

24 04 2009

Since it’s so much fun quoting people who were famous and are dead now, here is another great one:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

(Henry Ford)


Here we go again …

13 04 2009

“Everything is lost for a country when the jobs of a banker and an economist become highly respected professions.”

(Montesquieu, French philosopher, 1689-1755)

“Obama is just a facelift for the Neocons”

1 04 2009

By Economicsfairy

I’m afraid I can’t spare you this, it’s a MUST WATCH, only 20 min altogether and answers a lot of questions:

THE MEN BEHIND OBAMA (part 1) (part 2)

The historian Webster Tarpley about what’s going on behind the scenes while Obama is showing us his big wide friendly smile.

I quote:
“The people in Europe had better wake up: The silly romantic illusion they have about Obama is gonna be suicidal for them.”

And I’m afraid it doesn’t seem to be conspiracy rubbish, it seems to be true.

So watch out and get yourself informed about the great project that is supposed to guarantee a continuing US-British hegemony and that the nice Obama is supposed to sell to us.

Don’t let yourself be fooled by a pop president who was “made” like pop bands are made these days and who is just a puppet of the finance capital, the people who are really in charge of our pseudo democracies.

Jesus for Investmentbankers

24 09 2008

By Economicsfairy

There is really nothing to worry about, guys. Absolutely nothing.

Because HE is back.

Didn’t we sense it? Of course, God will not let down HIS own beloved country, never ever, don’t you worry. So HE came back in the form of Warren Buffett and with about five billion dollars for Goldman Sachs (you remember, the bank with the extraordinary sharp and bright management). Analysts probably believed it was Christmas, nearly cried with joy and fell on their knees. One of these lunatics in Hongkong said something like: “Everybody follows God, but Warren Buffett shows the way.” Honestly, guys, read it on the net, I’m not making it up. We’re talking about the US here, so you don’t have to make anything up anyway. Turbo Finance Capitalism Insanity is REAL. (But FREE only for bankers – which makes totally sense because everybody else has to FINANCE the party, so how could it be free for them?)

Anyway, now Salvation is near, guys, believe it. Because HE will do it. Actually, HE doesn’t like Wall Street that much, but still: HE will sacrifice – okay, not himself (someone tried that already a while ago and as we know so far it hasn’t helped much). No, Warren Buffett will send five billion dollars. Maybe more, who knows.

By the way, Warren wants to avoid another “Pearl Harbour”. Yes, honestly, that’s what he said. Didn’t he know that a Japanese bank already thinks about helping out Goldman Sachs as well? – Maybe that’s what he fears …

On the other hand – doesn’t the US already belong to Asia anyway, more or less? I mean isn’t it these intelligent and hard-working guys over there who save shit loads of money in order to finance American consumption? And because the poor lads still believe in the current and future value of the dollar. I think China must own at least a few square miles of the USA already, maybe even a few states. Maybe Disneyland?

Coming to think of it, we should really do more deals with China. Firms who sell all their toys to the US could sell them directly to China, everything else is just going a long way round, isn’t it? Honestly, if the USA are living on credit to that extent, why the hell do we need them as a motor for the world economy? What exactly is their contribution apart from brainless consumption and fucking up countries that possess a bit too much oil? Selling directly to China also doesn’t make much difference in terms of morality, because both countries are no real democracies.

As for Warren Jesus Buffett, we have to stop being ironical here and thank him for his salvation actions, because 1), he knows more about the market than the guys in Washington and so might make less mistakes AND 2) the more the money comes from people like HIM, the less the burden for the taxpayers. Maybe HE can even prevent the new model for capitasocialism a la USA: Privatize profits and socialise losses.

Everything will be fine.

Ten good news about the US stock market crash

21 09 2008

By Economicsfairy

Yes, I know, it’s all very sad and shocking and unfair and guess who the hell will pay for this disaster and it’s a crisis of credibility and a system crisis and the world will come to an end anyway, but, hey: look at the positive side of things:


1)      It wasn’t a plane that flew into Wall Street – so they can’t blame Osama bin Laden this time.

2)      Americans will have to save so much in the coming years, that they will not be able to travel Europe in vast numbers.

3)      Americans will have to save so much that many of them will considerably loose weight which will increase the number of good looking men in the world market.

4)      The USA are so bankrupt by now that they will not be able to invade other countries for quite a while.

5)      This crisis will offer lots of interesting PhD research positions for all of us who are or will be unemployed soon: “The link between too much cocaine use and the world economy – a multidisciplinary sociomedicalpsychoeconomic analysis”

6)      The US government can never ever again turn down people who demand a few quid for a social or ecological project with the excuse that “there is no money”.

7)      Socialism is not dead: The USA are currently turning into a socialist country with all the wretched banks they’ve bought themselves. (Hey nostalgic Eastern Germans: Get a Green Card – now!)

8)      George Bush’s final speech will be even more hilarious than we already anticipated.

9)      A strange riddle could finally be solved: The “American Dream” is an expression to describe people working under the influence of drugs.

10)  Many Americans will loose their homes; but: Don’t worry, be smart – just buy shares of trailer producing companies this time!

St Petersburg: a Beginning

8 02 2008


Was great to read Jose’s post – simply beause it’s the first proper comprehensive post in the blog, though of course the content of it is quite unnerving. Still, I could really feel Jose’s concern (to use the usual English understatement and avoid the word ‘passion’) for his country and what is going on there. Such feelings are always the necessary prerequisite for things to change for the better, which is in itself encouraging, so thank you Jose…

My news: I am working in St Petersburg for Nuclear Energy Project Research and Design Institute . The institute has been there in this or that form since 1923; at first they designed other sorts of power stations, of course, nuclear type came in relatively recently, but now it has become their main area of activity. They do absolutely everything, starting from design of stations to solving the technological problems of nuclear waste disposal, working both in Russia and abroad and being one of the three companies in Russia monopolising this industry. The institute is in the very centre of St Petersburg, just a couple of minutes off the famous Nevsky Prospect.

I work as an economist, reporting to the planning and economic service manager. The work is extremely interesting in the following sense. The trick is that the institute belongs to Russian Federation and, as a state institution, has always been directed from above: what to do, how much to spend and what to spend on etc. For example, budgeting has been done as follows: take the amount of money spent last year and multiply with an inflation coefficient. That’s it. Very recently the management has changed. The general director is appointed by the government (the so-called Federal Nuclear Energy Agency, which is something almost like a ministry), and this time a man from Tomsk (a beautiful old Siberian city) was appointed, and he brought his team with him: executive manager, vice-principal in economics and finance, planning and economic service manager, a few economists, specialists in competitive bidding and project management. The Tomsk team is great, and they seem to integrate very well into the whole system, even though there is a lot of professional misunderstanding: people simply are not used to do things the way the new team wants them to be done, which is understandable and is perhaps the matter of time.

I have not been allocated any particular role yet, because the whole thing is still quite turbulent; new people are still arriving, and job specifications have not been clearly developed yet. I hope to learn about the economy of an organisation: accounting, budgeting, controlling financial flows, economic analysis and planning.

At fist, it feels quite shocking, because it’s a very routine and monotonous process, only sometimes enlightening and promising. I’m simply not used to this kind of work, and analysing accounting information is daunting; I sometimes spend hours blinking at the monitor and trying to make head or tails what I see there. I know I have to go through this and learn, and then I can probably shift to some other department: project management for example or something like that, more technical and strategic; but for that I need the knowledge of how the institution works, where the money comes from and where it goes.

 The institute is going to change its form to a joint-stock company, which is a tremendous change for a state-owned institution with almost a century-long history, and it will set a huge amount of very challenging tasks. I hope to see this happen, and take part in it… would be really exciting.

This in my news in brief; I’m planning to write more soon in my personal blog, and will place a link here.

Hope to see your news/thoughts/ideas.