Comments on Betsy N. Hansen Covering Economics and ........: The Mark-to-Market Accounting Issue is a Scapegoat...

Following my introduction from the previous post, ...

2010-07-20T01:12:26.361-07:00

Following my introduction from the previous post, here are my economic articles and CVs, together sent to your gmail account. John Kasich should also understand this, as he also has a background familiar with banking.

Regime change articles:
Articles:
1/ “The Theory of Baking Economics (Short)” 10/29/08 [best to start with this article, then the Q&A below, etc.)
http://admc24-7city.com/TheoryBankingEconomicsShort/The_Theory_of_Banking_Economics_Short.pdf
2/ Q&A re the after effect of MTM FASB 157 extending from November 9, 2007 and its implications for 2011 (222 KB) 05/25/10 http://www.worldviewweekend.com/worldview-times/article.php?articleid=6147
3/ Obama’s “Regime Change” of Socialist Control 06/17/10
http://www.gopusa.com/commentary/2010/06/samara-obamas-regime-change-of-socialist-control.php
4/ The long version to the article above is accessible by weblink at the end of the article under “Regime change.”
5/ Capitalism's economic mechanism, versus Socialism's economic mechanism: Part One 05/25/10 http://www.worldviewweekend.com/worldview-times/article.php?articleid=6133
6/ Goldman Sachs Short Sales Based on Insider Information That The Banking Sector Would Collapse In November 2007
http://www.worldviewweekend.com/worldview-times/article.php?articleid=6127
7/ The Myth that the subprime market caused the collapse of 2007 and 2008: Part Two 05/25/10 http://www.worldviewweekend.com/worldview-times/article.php?articleid=6132
8/ Empowering the Private Sector and Restoring wealth creation through the reversal of one stealth regulatory change made November 9, 2007
http://admc24-7city.com/files/V/empowering_the_private_sector_and_restoring_wealth_creation_through_the_reversal_of_one_stealth_regulatory_cha.pdf
9/ Freedom versus Enslavement 05/19/10
http://www.worldviewweekend.com/worldview-times/article.php?articleid=6108

Economic papers on the economics of the bank regulatory mechanism
I. The real cause for the economic collapse: (a 56 page economic thesis)
http://www.admc24-7city.com/files/V/the_financial_crisis_-_the_real_causes_050409.pdf
II. The Secret of Capitalism - 1996:
http://www.admc24-7city.com/The_Secret_of_Capitalism/The_Secret_Of_Capitalism.pdf
III. Related Capitalism Diagrams:
http://admc24-7city.com/TheoryBankingEconomicsDiagrams

Here are my CV’s that support for my knowledge in this (what Steve Forbes calls “Arcane”) economics:
Company Profile (53 KB) (my banking background)
http://admc24-7city.com/files/N/aaac_profile_bank_concepts_strategies_thru_2002.pdf
Personal and Family CV 061010 (135 KB) (includes my father’s history hosting Conservative TV)
http://admc24-7city.com/files/N/rijk_pieter_schoonheim_samara_061010_w-family.doc
Rijk Pieter Schoonheim Samara - CV April 27 2009 (93 KB) (career)
http://admc24-7city.com/files/N/rijk_pieter_schoonheim_samara_-_cv_april_27_2009.pdf

Pieter
pietersa@loxinfo.co.th
+66849000661

Dear Betsy, As I mentioned before, this was an ex...

2010-07-20T00:55:20.065-07:00

Dear Betsy,

As I mentioned before, this was an excellent article. However.....

You are entirely wrong in your assumption that MTM FASB 157, approved by the Bush/Paulson SEC on November 9, 2007, was not the direct and sole cause for the financial collapse that followed with the driving assistance of GS, JPM, Citibank and other proprietary funds (since unraveled) and trading companies (e.g., Mark Rich & Co), just as under Hoover in 1929, until FDR was forced t reinstate HTM in 1938 which abruptly ended the Depression.

The Capitalist system is the bank regulatory mechanism. The basis for Private Sector wealth creation and sustained retention has always been HTM in the Private Sector. When HTM is removed and replaced with MTM, with only the Federal government and Federal Reserve retaining the right to value assets and property on an HTM basis the control and ownership of property, capital and fruits of production/productivity is inexorably forced to shift from the Private sector to the government and those special interests (Patrons) that operate on the market side based on regulatory support (HTM from the government and Federal Reserve, while all others are forced bit by bit to have their loans and businesses guaranteed by the government or Federal Reserve Program, which allows the banks t shift the assets form MTM valuations in the 100%, 50% and 20% risk weights to HTM assets in the 0% HTM risk weight.

In other words you have a gradual shifting towards Socialism, Fascism, Communism, as outlined as well by Marx and Engel, who also explained that Capitalism is nothing more than the bank regulatory mechanism, and that if government and special interests in the banking sector, e.g., the bankers that are shareholders of the Central Banks around the world, e.g. the Fed US, Bank of England, etc., making up the BIS and related Basel Accords, can be induced to make stealth changes to the regulatory mechanism, such as in particular the shift from HTM in the Private Sector to MTM with the government and Central Banks retaining HTM, which will implode the banking system and Private sector equity, then because the government and Central Banks retain HTM, the ownership and control of capital will inexorably shift from the Private Sector, no longer having access to credit (because the liquidity is sustainable only through the government and Central Bank's guarantees and or ownership of banks and businesses) to the government.

To understand this better, you need to understand the arcane economics of the bank regulatory mechanism, which is held pretty much in secret since the 50's, much like the OS of Windows, Apple and other protected proprietary operating systems.

In effect, the Private Sector, not knowing the true potential of the bank regulatory mechanism, has been playing a game without knowing the actual rules that the government, Central banks and special interests are playing by through which they are able to manipulating markets.

Here below are weblinks to a number of articles I've written on the subject, various topics with the central theme being the issue of MTM in the Private Sector with HTM retained only by the government and Federal Reserve, as the regulatory basis for the Marxist agenda, versus HTM in the Private Sector being the regulatory basis for the Private Sector free enterprise Capitalist system AND the rights stated in the Constitution.

Here are my economic articles and CVs. I’ll have another article out in a few days:

Regime change articles:
See e-mail sent separately for the rest of the text

Betsy, I agree with you. Therefore, I think that ...

2009-08-16T15:17:49.630-07:00

Betsy,

I agree with you. Therefore, I think that sound money and banking practices will re-assert themselves as the norm with the end of the Fed/government backstopping of losses.

No, unfortunately not.

2009-08-16T13:50:37.029-07:00

No, unfortunately not.

Betsy, Can we get to sound money and banking prac...

2009-08-14T12:43:01.059-07:00

Betsy,

Can we get to sound money and banking practices with an implicit/explicit government-provided loss backstop still in place?