What is truth?

Archive for December, 2015

Queen of Ireland’s Christmas message

On Spain, Greece, Italy and our plans for a European movement to democratise the EU – Interview: L’Espresso

Source: On Spain, Greece, Italy and our plans for a European movement to democratise the EU – Interview: L’Espresso

Happy Christmas to everybody

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Wishing all my loyal followers and visitors a happy Christmas and a Happy New Year in 2016 :

Something Crazy Is Going On In Swedish Money Markets

It appears Swedish banks are falling over themselves to get rid of excess cash. We noted Swedish banks refusing to open bank accounts in September, and warned in October of a “giant wave of money” heading into Sweden thanks to the Riksbank-ECB policy divergence, and now, Swedish banks are paying each other to take cash off their balance sheets into year-end, as 1-week STIBOR crashes to -1.792%.

In other words, “reverse window-dressing” as no one wants to show a negative carry asset on their balance sheet.

 

It is clear that SHB has the most “excess cash” to dump… willing to pay a massive 5.05% to someone to “take my money”

 

Or put another way…It is these kind of nonsense disclocations that extreme monetary policy-makers create with their unintended consequences. As we previously concluded,

And so, we’re now beginning to see the results of the beggar-thy-neighbor monetary insanity that grips DM central banks. It’s a never-ending race to the bottom and now that everyone is moving further and further into NIRP, it’s not even clear that there is a bottom. After all, even if negative rates finally do make their way to household deposits causing rational actors to simply withdraw their money, the monetary authorities can always just ban cash, which would effectively obliterate the idea of a “lower bound.”

full article at source:http://www.zerohedge.com/news/2015-12-22/somethingh-crazy-going-swedish-money-markets

Message from Glebe Motors Wicklow town

To all our friends and customers ,

Ensuring a professional and courteous service at all times! Always there for you! Happy Christmas to all our customers’ and a happy New Year to you all from Val and the team at Glebe Motors Wicklow Town:

http://glebeyardmotors.com/

Wild Ireland

By Thomás O Cléirigh

On a short trip to Arklow town today I came across this shop “Wild Ireland” on the upper main street (left hand side) just past the AIB and Church:https://www.facebook.com/wildirelandarklow/photos This shop is a real treasure trove for the keen outdoor enthusiast, Archery, Camping, paintballing& BB,s, fishing, hunting, bird watching, outdoor latest clothing( camouflage) etc, if its outdoors you are into , then you must call into this shop! With Christmas around the corner you are bound to find something of interest for your young or old outdoor enthusiast! This shop is just brimming with stuff and I myself just had to get that stocking filler for my Lad! (Well that is what I told myself) do call in to this treasure trove and you will find that something special for you own family member outdoor enthusiast: Happy Christmas from all at Wild Ireland Arklow: Wicklow Buy and sell promoting local business for our communities!

 

December Wealthbuilder.ie Stock Market Brief

Our friends over at www.wealthbuilder.ie  have just sent over their stock market brief for the month of December have a look!

 

Very few people today know that between 1934 and 1961 the British historian Arnold Toynbee

wrote “A Study of History” describing the rise and fall of the 23 civilizations he had identified in human history. In contrast to Oswald Spengler, who thought that the rise and fall of civilizations was inevitable, Toynbee maintained that the fate of civilizations is determined by their response to the challenges facing them. In fact the unifying theme throughout the book is challenge and response. One of the ground-breaking discoveries by Toynbee is the fact that there have been so many highly developed civilizations. Understandably in the West our history lessons focus on our own civilization with its roots in Greek and Roman cultures, but in addition there have been Chinese, Indian, Mayan, Islamic, Sumerian and Orthodox civilizations, to name but a few.

According to Toynbee, civilizations start to decay when they lose their moral fiber and the cultural elite turns parasitic, exploiting the masses and creating an internal and external proletariat. He has been criticized for exaggerating the role of religious and cultural value systems while underestimating the importance of economic factors in shaping civilizations.

It appears that with advancing age, Toynbee became even more convinced of the importance of the spiritual dimension.

Throughout his 12 volume epic Toynbee outlines how civilizations develop in response to environ-mental challenges of special difficulty. The challenges should be neither too severe to stifle progress, nor too favorable to inhibit creativity. Such challenges find response among the creative minority who provide leadership to a passive majority. Toynbee found through his study that the creative minority tended to be generally mystically inspired. Furthermore he outlined that civilizations breakdown as a result of the inevitable commission of the sins of: arrogance, hubris, over-weaning pride and self-confidence, manifested in such things as nationalism, militarism, and the tyranny of a dominant minority. This moral breakdown brings with it its own retributive justice (nemesis). The creative people having become reactionaries, no longer constitute an “elite creative minority” but simply an “elite dominant minority.”

“We are not doomed to make history repeat itself; it is open to us, through our own efforts, to give history, in our case, some new and unprecedented turn. As human beings, we are endowed with this freedom of choice, and we cannot shuffle off our responsibility upon the shoulders of God or nature. We must shoulder it ourselves. It is up to us, it is up to us to respond creatively to the challenges of our time.”

In essence Toynbee propounds that when a civilization successfully responds to challenges, it grows. When it fails to respond to a challenge, it enters its period of decline. Toynbee argued that “Civilizations die from suicide, not by murder.” For Toynbee, civilizations were not intangible or unalterable machines but a network of social relationships within its border and therefore subject to both wise and unwise decisions made.

I believe that the wisdom expounded within the pages of “A Study of History” should be rediscovered by our western leaders because it would appear to me that the West is no longer responding creatively to external challenges and that its “creative minority” has become “parasitic”. Thus according to Toynbee the West will terminally decline unless a new spiritually motivated minority emerges offering new creative leadership, bringing the society to a new level of consciousness and development.

Dow Transports Re-Enters Bear Market, Caution Warranted.

In an unexpected turn of events the Dow Transports has sliced below the August crash lows. This means that the tranny index has re-entered a bear market configuration. The Dow Industrials are still is in a stronger position but if the 15,370 level is broken down through the market will have an “official” Dow Theory sell re-confirmation signal.

DOW

 

 

IND

Charts: Courtesy of StockCharts.Com.

 

© Christopher M. Quigley 15th. December 2015.

Wealthbuilder Stock Market Brief 20th. November 2015

 

 

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