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Posts tagged ‘Gambling’

Hit The Streets! Worldwide day of action.

To-day in Dublin

Time
Saturday, October 15 · 1:00pm – 5:00pm

Location
Parnell Square Dublin

organized by the

The IMF-EU-ECB (Troika) are back in Ireland to-day.Their austerity polices are causing  suffering and are making the economic crises worse.Meanwhile bondholders and super wealthy are getting richer as they do not have to suffer the consequences of their gambling debts, that have been placed on the shoulders of the citizens of Ireland by our courrupt politicians . This time they are demanding we sell up to 5 Billion worth of state assets. We are selling the family silver to pay for zombie banks and their gambling debts.Our gutless politicians are serving us up as if we were goods to be sold off along with the natural wealth of our country .The current government are traitors who got into power on the promises on not one ret cent more ,well we now see who really runs the country and it the Bankers .

Come out to-day on  to the streets and fight for your children’s future .

Stand up and fight against the Troika dictatorship!

The country is broke as a result of gambling, and what do we do we open a casino

An Bord Pleanála has given the go-ahead for a casino, 500-bedroom hotel and racetrack complex at Two-Mile-Borris in County Tipperary.

The 800-acre project is supported by the Independent TD, Michael Lowry, who welcomed today’s decision. The board, however, refused permission for a 15,000-seater music venue at the site.

source: http://www.rte.ie/news/2011/0613/casino-business.html

Comment:

This monstrosity will be and is been view as a monument to Parish Pump Politics, Gombeeniesem and Irish political cronyism. This has been enabled by one local politician selling out the rest of the country to generations of debt slavery

Who exactly does these investors believe is going to frequent in this glorified temple to gambling?

What is going to happen when this is abandoned and ends up as a great big white elephant?

No doubt they will expect the taxpayers to bail them out too.

This is parish pump politics gone mad!

Derivatives ???


NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc said fourth-quarter profit surged, helped by derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.

Profit rose for a third straight quarter, and full-year profit increased 61 percent, as Berkshire rebounded from perhaps its worst year since Buffett took over in 1965.

“I was quite impressed with the results,” said Vahan Janjigian, author of the book “Even Buffett Isn’t Perfect.”

“It is clearly suffering from the economic recession we have been in, but compared with most other companies involved in similar businesses, it is doing quite well,” he added.

In his annual letter to Berkshire shareholders, Buffett admitted that Berkshire’s ability to outperform that benchmark “has shrunk dramatically,” and that “our future advantage, if any, will be a small fraction of our historical edge.”

Net worth per share, which measures assets minus liabilities and is a key metric for Buffett, rose 19.8 percent, compared with a 9.6 percent drop a year earlier.

Still that lagged a 26.5 percent gain including dividends for the Standard & Poor’s 500, the first time it trailed since 2004. Berkshire’s net worth per share is up 20.3 percent annually since 1965, while the S&P 500 is up 9.3 percent. Total book value rose to $131.1 billion from $109.27 billion.

full story link

http://www.reuters.com/article/idUSTRE61Q1IF20100227?loomia_ow=t0:s0:a49:g43:r5:c0.100000:b31169752:z0

Have helped warren buffet to come in with substantial profits as fourth-quarter profits surged, helped by derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.
Profit rose for a third straight quarter, and full-year profit increased 61 percent, as Berkshire rebounded from perhaps its worst year since Buffett took over in 1965.

 

Derivatives have been the driving force for the enormous profits enjoyed by the major banks in the US in the last quarter as well

Now we see even Buffet is using them!

But on real economic activity nothing doing we are still in the dole drums and the only way the banks are going to give an encore with regards to their profits going forward is to keep using even bigger and riskier Derivatives bets

In other words “Gambling” all over again!

They will have to engineer another bubble and the stock market in the obvious choice so expect a massive turn in the markets soon

Place your bets here now!

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