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#1
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"April 6, 2009"
http://www.spaceweather.com/ "Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish: http://www.spaceweather.com/images20...o3vm0inl asf7 Please visit: http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit: http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn 2009-04-03 12:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. |
#2
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On Apr 6, 12:09*am, "Ms. 2" wrote:
"April 6, 2009"http://www.spaceweather.com/ "Daily Sun: 06 Apr 09 *The sun is blank--no sunspot. *Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn*2009-04-03 12:02:14 Special Report: Global Financial Crisis * * SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. * * According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. * * Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. * * The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. * * The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. * * The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. |
#3
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"April 6, 2009"http://www.spaceweather.com/
"Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn 2009-04-03 12:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. --------------------------------- What we need then is a regulated global economy, i.e. world socialism, a rediscovery of our roots. Leon Trotsky for President of the world! |
#4
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On Apr 6, 2:51*am, "Ms. 2" wrote:
"April 6, 2009"http://www.spaceweather.com/ "Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn2009-04-03 12:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. --------------------------------- What we need then is a regulated global economy, i.e. world socialism, a rediscovery of our roots. Leon Trotsky for President of the world!- Hide quoted text - - Show quoted text - This may be off topic in alt.culture.alaska and alt.war.nuclear |
#5
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"April 6, 2009"http://www.spaceweather.com/
"Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn2009-04-03 12:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. --------------------------------- What we need then is a regulated global economy, i.e. world socialism, a rediscovery of our roots. Leon Trotsky for President of the world!- Hide quoted text - - Show quoted text - This may be off topic in alt.culture.alaska and alt.war.nuclear --------------------------------- But this isn't Xposted to alt.war.nuclear, moron. |
#6
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On Apr 6, 2:59*am, "Ms. 2" wrote:
"April 6, 2009"http://www.spaceweather.com/ "Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn2009-04-0312:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. --------------------------------- What we need then is a regulated global economy, i.e. world socialism, a rediscovery of our roots. Leon Trotsky for President of the world!- Hide quoted text - - Show quoted text - This may be off topic in alt.culture.alaska and alt.war.nuclear --------------------------------- But this isn't Xposted to alt.war.nuclear, moron.- Hide quoted text - - Show quoted text - But it should be Xposted to alt.war.nuclear World socialism means nothing less than world war three (WWIII). Isaiah 9:7 There will be no end to the increase of His government or of peace, On the throne of David and over his kingdom, To establish it and to uphold it with justice and righteousness From then on and forevermore. The zeal of the LORD of hosts will accomplish this. Joel 3:10 Beat your plowshares into swords And your pruning hooks into spears; Let the weak say, "I am a mighty man." |
#7
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"April 6, 2009"http://www.spaceweather.com/
"Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn2009-04-0312:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. --------------------------------- What we need then is a regulated global economy, i.e. world socialism, a rediscovery of our roots. Leon Trotsky for President of the world!- Hide quoted text - - Show quoted text - This may be off topic in alt.culture.alaska and alt.war.nuclear --------------------------------- But this isn't Xposted to alt.war.nuclear, moron.- Hide quoted text - - Show quoted text - But it should be Xposted to alt.war.nuclear World socialism means nothing less than world war three (WWIII). Isaiah 9:7 There will be no end to the increase of His government or of peace, On the throne of David and over his kingdom, To establish it and to uphold it with justice and righteousness From then on and forevermore. The zeal of the LORD of hosts will accomplish this. Joel 3:10 Beat your plowshares into swords And your pruning hooks into spears; Let the weak say, "I am a mighty man." ------------------------ Ye shall know the truth, and the truth shall make you free. John 8:32 Moron. |
#8
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On Apr 6, 3:11 am, "Ms. 2" wrote:
"April 6, 2009"http://www.spaceweather.com/ "Daily Sun: 06 Apr 09 The sun is blank--no sunspot. Sunspot number: 0" "Far side of the Sun: This holographic image reveals no sunspots on the far side of the sun." "Planetary K-index Now: Kp= 0 quiet" The face of the Sun is without blemish:http://www.spaceweather.com/images20...blank.gif?PHPS... Please visit:http://blog.nj.com/southjersey_impac...SolarCycle.jpg The right panel shows the face of the Sun as it looked on a good day during the late Modern Warm Period. Sunspots are the apparent size of craters on the moon. The left panel shows a Sun as it appears today. Please write to Al Gore so that Al knows that the Sun is not living up to his religious expectations. Al Gore is a divinity school dropout. George Carlin had a better grasp of the true nature of God's creation, than does Al Gore. Please visit:http://www.co-intelligence.org/newsl...es/sun-etc.jpg which shows the relative sizes of the Sun and planets. Compared to the Sun, Jupiter is the size of a pea, earth is the size of a grain of sand. S Korea's bank deposits plunge on low interest rates www.chinaview.cn2009-04-0312:02:14 Special Report: Global Financial Crisis SEOUL, April 3 (Xinhua) -- S. Korean banks saw a sharp fall in deposits last month, while securities firms' funds marked a surge, mainly due to low interest rates and optimistic outlooks on the local stock market, South Korea's daily Dong-a Ilbo reported Friday. According to industry data, deposits at the nation's seven major banks, including the largest Kookmin Bank, logged 838.1 trillion won (625.73 billion U.S. dollars) as of end-March, down 11.2 trillion won (8.36 billion U.S. dollars), or 1.3 percent, from a month earlier. Meanwhile, securities companies saw a 25.6 percent rise in their customer funds, which registered 12.9 trillion won (9.63 billion U.S. dollars) as of the end of March, Dong-a said, quoting data from the Korea Financial Investment Association. The move comes as local investors are withdrawing from banks to head for the stock market amid the central bank's on-going interest cuts and growing optimistic outlooks on the local stock market, according to Dong-a. The press also attributed the surge in securities firms' funds to foreign investors' refueled "Buy Korea" movement in the stock market. The benchmark interest rate currently stands at a record low of2 percent, while the average interest rate that South Korean banks pay on deposits marked 3.23 percent a year in February. This is a vivid demonstration of the stupidity of unregulated capitalism. A reduction in bank interest rate is intended to encourage consumer loans, mortgages and loans to small businesses, i.e. growth in the real economy, not growth in the speculative economy and more profits for stock brokers and bankers. This is a prime example of the downward spiral of the global economic crisis. World stocks will have another short upward blip, the bubble will burst again and more trillions will be lost depleting the bank accounts of rich and poor alike. The World Bank, IMF, G20, US Treasury and you and I alike are throwing good money after bad. The only solution will be to print more money and truck it to the banks. In this day and age of electronic accounts, even the printers and truckers are out of work. No wonder there are riots in the streets everywhere in the world. More power to the rioters. They are the only ones with any common sense. This was all predicted by William Herschel in 1801 who demonstrated a correlation between Sunspots and commondity markets. Once the Sunspot cycle goes wonking ,the whole global economy goes nuts. --------------------------------- What we need then is a regulated global economy, i.e. world socialism, a rediscovery of our roots. Leon Trotsky for President of the world!- Hide quoted text - - Show quoted text - This may be off topic in alt.culture.alaska and alt.war.nuclear --------------------------------- But this isn't Xposted to alt.war.nuclear, moron.- Hide quoted text - - Show quoted text - But it should be Xposted to alt.war.nuclear World socialism means nothing less than world war three (WWIII). Isaiah 9:7 There will be no end to the increase of His government or of peace, On the throne of David and over his kingdom, To establish it and to uphold it with justice and righteousness From then on and forevermore. The zeal of the LORD of hosts will accomplish this. Joel 3:10 Beat your plowshares into swords And your pruning hooks into spears; Let the weak say, "I am a mighty man." ------------------------ Ye shall know the truth, and the truth shall make you free. John 8:32 Moron. Vladimir Putin ought to know about this: http://en.wikipedia.org/wiki/Putin If there is anyone who is well prepared to start WWIII because of global economic mismanagement, it is Putin. Vladimir Vladimirovich Putin for President of the world! |
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