Bloggfęrslur mįnašarins, nóvember 2019

Jesś og Nikola Tesla eru vķsindamenn, aš kenna sannleika, til aš gera lķfiš bęrilegt, og frelsa okkur frį pśkunum ķ okkur. Aušvitaš eigum bęši ég og žś, viš allir heima ķ kirkjunum, ķ bęnastundinni, hugleišslunni, žó viš göngum fyrir ešlinu, gyrndini.

Hugleišsla, heišur skólanum sem fór ķ hugleišsluna, aš tengja sig viš baklandiš, alheiminn, Guš.

Jesś sagši, leitiš sannleikans, sannleikurinn mun gera ykkur frjįls, jį śr fjósinu segjum viš.

Af hverju heldur žś, aš ég vķxlarinn hafi tekiš Jesś og Nikola Tesla aš mestu śt śr skólunum?

Žaš er vegna žess, aš ég vil ekki aš žiš skiljiš hvernig ég hef ykkur fyrir žręla.

 

Žś įtt aš gera verkin žķn, en jafnframt įtt žś aš segja ķ huganum, Guš, eša Jesś, vilt žś hjįlpa mér aš skilja mįlefnin. Žį hefur žś hugann opinn fyrir žekkinguna frį kjarnanum, sem Nikola Tesla talar um.

Viš höfum vanist į aš nota oršin Guš, Heilagur Andi, Heilög Gušs Móšir um žessa mišju, sem viš skiljum ekki.

En mundu aš meš žessu opnar žś flęši til fjölskyldunnar žinnar, sveitarfélagsins žķns og landsins žķns, og allra stjórnvalda.

Og mundu, aš Jesś og Nikola Tesla voru og eru vķsindamenn, og voru aš kenna okkur sannleika, til aš gera okkur lķfiš bęrilegt, og frelsa okkur frį pśkunum, pśkunum ķ okkur.

 

Viš skulum varast aš halda aš viš séum betri en ašrir, en reynum aš leita aš žvķ sem viršist leiša okkur ķ góšar įttir.

Viš eigum aš fylla Kirkjurnar, munum aš žegar viš bišjum saman, žį margfaldast flęšiš frį Mišjunni, og upplżsingin streymir ķ allar įttir og umvefur allt umhverfiš, jöršina, alheiminn.

Mundu, aš heimurinn er ANDLEGUR, segir Nikola Tesla.

 

Aušvitaš eigum bęši ég og žś, viš allir heima ķ kirkjunum, ķ bęnastundinni, hugleišslunni, žótt viš göngum fyrir ešlinu, gyrndini og séum syndum hlašnir.

31 Og Jesśs svaraši žeim: „Ekki žurfa heilbrigšir lęknis viš heldur žeir sem sjśkir eru. 32 Ég er ekki kominn til aš kalla réttlįta til afturhvarfs heldur syndara.“

Konan hefur hlutverk, og er vķruš til aš žjóna žvķ, Karlinn hefur hlutverk og er vķrašur til aš žjóna žvķ. Žegar karlinn er fastur ķ konunni, tekur hśn til sķn andlegu orkuna, spiritual power, og nżtir hana. Žį viršist karlinn ekki hafa fullan ašgang aš vitinu, minni yfirsżn. Viš flestir skiljum žetta ekki enn žį, en viršumst geta lęrt žaš.

Viš žaš aš halda sig frį konum, gyrndum um tķma, viršist opna samband viš kjarnann hans Tesla, mišjuna, Guš, Heilagan Anda,

Žegar žś ert meš meš munninn fullan af sykri, žį finnur žś sķšur annaš bragš. Konan tekur athyglina og žį dofnar sambandiš viš kjarnan, og žį andlega heiminn. Konan viršist žurfa andlegu orkuna til aš skapa nżjan einstakling.

Hér er velt upp hugmyndum, til aš reyna aš skilja. Ef žś leitar aš skilningi, hefur opin huga, žį eru meiri lķkur į aš innsęiš skynji lausnina.

 

slóš

Tesla: The woman is the biggest thief of that energy, and thus the spiritual power. oršažżšing "Konan er mesti žjófurinn į žessari orku, og žį į andlegri orku."Hvaš er konan aš gera, hvaša orkustrauma žarf hśn til aš skapa nżja lķfveru?

31.8.2018 | 09:28

Tesla: Žekkingin į hvernig andinn og lķfsorkan breytast yfir ķ óskirnar, og nį stjórn į tilfinningunum.

Hindśar kalla žetta Kundalini Yoga.

Žessa visku er hęgt aš lęra, en žaš tekur mörg įr, eša er mešfętt.

Mest af žessu er mešfętt hjį mér.

Žetta tengist mest kynhvötinni, kynorkunni, sem hefur hvaš mesta śtbreišslu ķ veröldinni.

Konan dregur žessa orku til sķn, og žį andlega kraftinn.

 

Egilsstašir, 25.11.2019 Jónas Gunnlaugsson

Tesla: Žekkingin į hvernig andinn og lķfsorkan breytast yfir ķ óskirnar, og nį stjórn į tilfinningunum.


Sprengt upp Fiskveišikerfiš ķslenska, meš žvķ aš segja aš žeir hafi notaš žetta mśtukerfi sem var aš einhverju leiti gert ólöglegt, žótt žaš sé mikiš notaš ķ heimsversluninni, og lįtiš bjóša kvótann upp og hann seldur hęstbjóšanda.

Nś viršist leikfléttan vera aš nį af okkur KVÓTANUM.  

Munum eftir fréttum um aš hin og žessi stjórnvöld ķ śtlandinu, ętli aš sjį til žess, aš ķslensk stjórnvöld  hristi vel upp ķ sjįvarśtveginum į Ķslandi. Viš vorum heppin ķ Isave, žį voru lögin meš okkur.

Fyrst var žaš aš reyna aš nį af okkur best skipulögšu orkufyrirtękjum fólksins, Hitaveitunum og Raforkufyrirtękjum, Landsvirkjun og Rafmagnsveitunum Rķkis og Sveitarfélagana.

Žessi fyrirtęki fólksins, sköpušu okkur ódżra orku og mjög öflugt dreifikerfi.

Vķxlararnir vildu fį aš sprengja upp orkuveršiš, eins og til dęmis meš Frjįlsa uppbošs (svindl?) markašnum ķ Kalifornķu.

Slóš

Alltaf žegar til er flókiš kerfi eins og orkumarkaš urinn žį į fólk eftir aš pota ķ žaš og sjį hvaš virkar. Ég lifši samkvęmt žessu: Ef mašur stjórnaši ekki markašnum meš brögšum, žegar mašur hafši ašgang aš vélabrögšum, žį var öskraš į mann.“

Jónas Gunnlaugsson | 17. aprķl 2019

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Til aš nį kvótanum, var bśiš til stórmįl śt af svoköllušum mśtum, en žęr eru notašar um allan heim, og eru aš žvķ er viršist mest notaša kerfiš.

Ķ nśtķma bankaheiminum, eru notuš allskonar svindl? vķxlanir, er žaš skylt mśtunum?, prósentur, umboš, fólk į launum til aš vinna mįlefnum framgang?

Tökum til dęmis žegar kreppan 2008 var bśin til, į heimsvķsu, svo aš hęgt vęri aš nį öllu, eša sem flestu af fólkinu.

Slóš

 Kreppufléttan, endurtekiš

Žegar  žś selur einkaašila peninga sköpunina, bókhalds fęrslurnar, og hann kemst upp meš aš segjast eiga, hafa lįnaš okkur veršmętiš, žį erum viš kjįnar ķ fjósinu hjį vķxlaranum sem eignast allt sem viš gerum.

Aušvitaš į aš skoša mįliš og skila öllu aftur, en vķxlararnir žaš er viš, getum engu skilaš, en viš öll veršum aš laga kerfiš jafn óšum og viš spillum žvķ. Hafa kerfiš stöšugt ķ lagi.

En kvótinn aftur.

Ef ķslenska śtgeršin įtti ekki aš nota mśtukerfiš, žį voru žeir aš stórum hluta śtilokašir frį heimsvišskiptunum.

Ef viš getum sprengt upp Fiskveišikerfiš ķslenska, meš žvķ aš segja aš žeir hafi notaš žetta mśtukerfi sem var aš einhverju leiti gert ólöglegt, žótt žaš sé mikiš notaš ķ heimsversluninni, og lįtiš bjóša kvótann upp og hann seldur hęstbjóšanda.

Žį getur sį hęstbjóšandi auglżst eftir einhverjum til aš veiša kvótann, og žį er lķklegt aš žręlaskipin geti bošiš hęst.

Best er aš ķslensku skipin fįi ekkert aš veiša og śtgeršin missi žį skipin. Žį get ég vķxlarinn keypt skipin į hagstęšu verši.

Ef hiršmönnum Evrópusambandsins tekst aš setja okkur undir Evrópureglurnar, žį er kvótinn farinn.

Barįttan um stjórnarskrįna er öll um aš koma inn klausu um aš fęra megi völdin śt śr landinu. Žį eru einhverjir lįtnir setja inn 100 reglur, til aš fela žessa einu, sem gerir allar hinar marklausar.

Žį er stjórnarskrįin til einskis, reglurnar koma allar frį Evrópu.

Munum hvernig ISAVE, og svo tilbśna Kreppan 2008, Orkupakkarnir, og nś aš nį KVÓTANUM er allt af sömu rótum.

Slóš

Senda tvo gįma fulla af brernnivķni, annars keyra žeir allt śt ķ skóg og pöddurnar éta alla skreišina. Ég gleymdi frosna fiskinum til USA. Ę, žś manst, žeir heimta greišslu fyrir vernd, annars taka žeir kęlinguna śr sambandi og frostnu flökin verša ónżt.

17.11.2019 | 11:12

Slóš

Flest löndin nota svokallašar mśtur til aš koma į višskiptum, ašrar žjóšir nota prósentur, umbošslaun, žrżstihópa į launum og fleira. Ef fyrirtęki eiga višskipti ķ mśtu menningarheimi, žį veršur aš laga sig aš žjóšar sišum. Annars fį ašrir višskiptin.

16.11.2019 | 01:35

Slóš

Ég fletti upp į upplżsingum, 11 Ķsland og 72 Namibia. Žarf mśtur, til aš hafa möguleika. Af hverju rannsakaši Alžingi ekki slóš Kreppufléttan, endurtekiš , žegar eigurnar voru hirtar af fólkinu 2008? Eigum viš ekki aš hętta ķ spillingunni?

15.11.2019 | 00:26

 

Egilsstašir, 25.11.2019  Jónas Gunnlaugsson


Žegar ętlunin er aš svišsetja óhappaverk į einhvern mann, žį eru sendir fulltrśar śt til aš dreyfa svona lygum. Er žaš rétt, aš hann sé oršin svo ofbeldisfullur mašur? Viš vonum aš žetta sé aldrei gert.

 

Er žetta virkilega rétt, aš ef einhver skrifar sannleika, žį sé bśin til leikflétta?

 

Žegar ętlunin er aš svišsetja óhappaverk į einhvern mann, žį eru sendir fulltrśar śt til aš dreyfa svona lygum.

Er žaš rétt, aš hann sé oršin svo ofbeldisfullur mašur?  

Viš vonum aš žetta sé aldrei gert.

 

When the intention is to stage a crime on someone, representatives are sent out to spread such lies.

Is it true that he has become such a violent man? 

We hope this is never done.

Egilsstašir, 24.11.2019 Jónas Gunnlaugsson


Senda tvo gįma fulla af brernnivķni, annars keyra žeir allt śt ķ skóg og pöddurnar éta alla skreišina. Ég gleymdi frosna fiskinum til USA. Ę, žś manst, žeir heimta greišslu fyrir vernd, annars taka žeir kęlinguna śr sambandi og frostnu flökin verša ónżt.

Skattstofan sautjįnhundruš og sśrkįl.

Heyršu, er žaš skattstofan, halló, halló, er žaš Jón, sęll og blessašur. Heyršu, ég er aš fara til Ķu meš skreišarfarm. Žś manst, viš veršum aš senda tvo gįma fulla af brennivķni, annars keyra žeir allt śt ķ skóg og pöddurnar éta alla skreišina. Jį, žaš er gott vešur, jį, jį, jį, en hvernig bóka ég žetta? Jį, jį, bóka žaš į kostnaš viš skreišina? Jį, jį, jį, žetta er góš lausn, žakka žér mikiš fyrir. Žaš er erfitt aš gera žaš sem ekki mį, en viš veršum aš bjarga žvķ til aš žjóširnar geti braušfętt sig.

Jį, žingmennirnir, eru eins og viš vorum į mišjum aldri, blautir į bakviš bęši eyrun og skildum ekkert. Žeir tala, tala, tala, žetta eru unglingar. Žeir skilja betur žegar žeir verša komnir į okkar aldur, jį ert žś ekki oršin sjötugur? Jį, viš erum reknir śt žegar viš erum farnir aš skilja hlutina. Guš veri meš žér góurinn.

Heyršu mig Jón aftur, ég gleymdi frosna fiskinum til USA.  Ę, žś manst, žeir heimta greišslu fyrir vernd, annars lįta žeir einhvern taka kęlinguna śr sambandi og frostnu flökin verša ónżt. Jį, jį aušvitaš björgum viš žessu, einhverjir verša aš halda öllu gangandi, viš verndum fólkiš, viš lesum um vķsindamennina Jesś og Nikola Tesla.

Kemur žś ekki į fundinn į mįnudaginn? Jį, žį veršur rętt um geislaskjįinn hans Nikola Tesla sem viš lifum ķ, jį og sennilega er elektronan myndpunkturinn ķ žrķvķša skjįnum. Jį og manstu hvaš viš vorum stoltir žegar viš lęršum um aš Einstein vęri bśin aš uppgötva aš rśmmiš vęri tóm, og kennarinn sagši aš fólkiš hefši vitaš lķtiš hér įšur fyrr, žaš hefši haldiš aš rśmmiš hefši veriš fullt af eter.  Jį, og svo hló allur bekkurinn aš žvķ hvaš allir hefšu veriš heimskir.

Okkur var ekki sagt aš Nikola Tesla hefši sagt aš žetta tóm vęri eintóm vitleysa, en okkur var sagt aš Nikola Tesla vęri skrķtinn, vęgt sagt.  Jį og manstu 1980 žegar nśstašreynda vķsindin įttušu sig į žvķ aš rśmiš vęri fullt af, einhverju, žį notušu žeir oršiš sśpu. Jęja Jón minn, mikiš var nś gaman aš heyra ķ žér. Jį, jį, vertu margblessašur.

Egilsstašir, 17.11.2019  Jónas Gunnlaugsson


Flest löndin nota svokallašar mśtur til aš koma į višskiptum, ašrar žjóšir nota prósentur, umbošslaun, žrżstihópa į launum og fleira. Ef fyrirtęki eiga višskipti ķ mśtu menningarheimi, žį veršur aš laga sig aš žjóšar sišum. Annars fį ašrir višskiptin.

Žingmenn, er žęgilegra aš skamma fyrirtęki sem fer eftir hśsreglunum, en aš skila fólkinu ķbśšunum sķnum aftur, sem teknar voru 2008.

slóš

 Kreppufléttan, endurtekiš

000

slóš

https://www.traceinternational.org/trace-matrix

Ef ég mį ekki auglżsa žetta svona žį breyti ég žvķ strax.

Mśtur

Ķ ljósblįu löndunum er lķtiš um žaš sem kallaš er mśtur.

Ķ žeim löndum er trślega frekar talaš um prósentur, umbošslaun eša žrżstihópur į launum og fleiri ašferšir.

Hin löndin hafa kerfi sem kallaš er mśtur.

Ef eitthvert fyrirtęki ętlar aš eiga višskipti ķ žeimm löndum, ķ žeim menningarheimi, žį veršur fyrirtękiš aš laga sig aš višskiptahįttum og sišum žeirra žjóša.

Annars fį ašrir višskiptin, žetta er mjög einfalt.

Sjį mynd hér ašeins nešar.

Slóš

Ég fletti upp į upplżsingum, 11 Ķsland og 72 Namibia. Žarf mśtur, til aš hafa möguleika. Af hverju rannsakaši Alžingi ekki slóš Kreppufléttan, endurtekiš , žegar eigurnar voru hirtar af fólkinu 2008? Eigum viš ekki aš hętta ķ spillingunni?

15.11.2019 | 00:26

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Skįldsaga?

Viš höfum séš hvernig klķstrun, klaustrun, er notuš til aš lįta karla og konur  hlķša.

Viš höfum séš hvernig hiršmenn konungs eru lįtnir koma orkulindunum til vķxlaranna.

Viš höfum séš hvernig hiršmenn konungs koma Žingvöllum undir,  hvaš skildi hśn heita, UNESKO?

Viš höfum séš hvernig Ķsland er selt og stjórnsżslan sefur.

Viš sjįum aš stórfyrirtękin ķ heiminum eru ķ óšaönn viš aš kaupa allt vatn ķ löndunum.

Löndin ķ kring um flugvallarstęšiš  viš Grķmsstaši eru smįsaman aš komast ķ eigu vķxlaranna.

Landiš ķ kringum flotahöfnina viš Finnafjörš er smįsaman aš komast ķ eigu stórfyritękjana.

slóš

Höfnin, į Ķslandi, Finnafirši er ķ umręšunni į heimsvķsu, žegar rętt er aš Kķnverska flotann vanti hafnir, birgšastöšvar vķtt og breitt um veröldina. Veraldarkortiš hér nešar, er frį Economist Intelligence Unit og žar er Ķsland merkt sem įętluš höfn.

Hiršmenn konungs fį svo störf viš hiršina, hjį Sameinušužjóšunum eša Brussel.

Žar eru greidd góš laun skattlaus, og fjįrmögnuš meš kolefnisskattinum? 

Fólkiš er gert hrętt, og žį vill žaš borga fyrir aš bjarga heiminum.

Kolefniš er undirstaša alls lķfs į jöršinni og žeim mun meira lķfefni

 žį veršur gróšurinn meiri, og žį meiri matur og sśrefni, fyrir men og dżr.

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klikka įmynd, žį stęrri

bribery-05

 

klikka į mynd, žį stęrri

bribery-07

 

 

2019 Results

Select a Different Year 2016 2014 2017 2018 -._.-*^*-._.-*^*-._.-

 

Rank

Country

Risk Score

Domain 1: Interactions
with Government

Domain 2 : Anti-bribery Deterrence and Enforcement

Domain 3 : Governmental
and Civil Service Transparency

Domain 4 : Capacity for
Civil Society Oversight

Rank

Country

Risk Score

Domain 1: Interactions
with Government

Domain 2 : Anti-bribery Deterrence and Enforcement

Domain 3 : Governmental
and Civil Service Transparency

Domain 4 : Capacity for
Civil Society Oversight

1

New Zealand

4

1

11

1

8

2

Norway

7

13

8

1

1

3

Denmark

7

9

1

16

1

4

Sweden

8

13

11

1

6

5

Finland

9

15

9

5

4

6

United Kingdom

11

15

14

4

10

7

Netherlands

12

17

8

5

10

8

Canada

14

22

13

6

7

9

Germany

15

21

13

11

8

10

Hong Kong

16

6

14

11

38

11

Iceland

17

22

10

13

17

12

Singapore

17

7

6

12

47

13

Luxembourg

17

25

5

10

19

14

Estonia

18

23

16

16

11

15

United States

18

26

22

7

11

16

Austria

18

25

11

12

14

17

Australia

18

25

17

10

14

18

Switzerland

18

23

11

24

8

19

France

21

30

22

8

19

20

Belgium

22

35

15

15

12

21

Ireland

22

24

21

25

17

22

Portugal

24

33

19

22

13

23

South Korea

24

25

27

20

24

24

Lithuania

25

35

26

21

9

25

Japan

25

27

24

30

18

26

Taiwan

26

29

25

34

12

27

Georgia

26

16

37

31

31

28

Israel

27

45

23

10

16

29

United Arab Emirates

31

7

20

46

64

30

Monaco

31

54

23

14

11

31

Chile

31

42

27

22

25

32

Slovenia

32

47

30

23

17

33

Andorra

33

44

32

29

20

34

Czech Republic

34

47

24

32

19

35

Italy

34

48

37

19

22

36

Uruguay

34

53

24

28

14

37

Costa Rica

34

52

25

32

12

38

Liechtenstein

35

69

16

12

11

39

Cyprus

36

51

30

31

19

40

Poland

37

48

35

32

26

41

Spain

38

45

37

35

29

42

Latvia

38

48

23

53

16

43

San Marino

38

57

20

34

22

44

Malta

39

52

33

36

22

45

Kosovo

40

45

31

41

34

46

Slovak Republic

40

58

34

32

18

47

Tuvalu

40

37

46

69

11

48

Oman

40

37

34

30

58

49

St. Vincent and the Grenadines

41

43

39

45

35

50

Jamaica

41

56

45

30

22

51

Puerto Rico

41

54

41

49

11

52

Bhutan

41

47

10

48

44

53

Marshall Islands

42

36

33

72

28

54

Dominica

42

47

40

38

39

55

South Africa

42

65

33

24

27

56

Qatar

43

33

34

53

55

57

Bahrain

43

44

26

30

65

58

Malaysia

43

42

31

41

53

59

Mauritius

43

45

33

58

31

60

Montenegro

43

59

30

36

31

61

St. Lucia

43

46

37

59

28

62

Greece

44

58

44

37

24

63

St. Kitts and Nevis

44

45

47

57

26

64

Antigua and Barbuda

44

51

55

40

30

65

Croatia

45

62

36

35

30

66

Barbados

45

58

41

51

19

67

Grenada

46

46

57

53

30

68

Romania

46

64

32

42

27

69

Rwanda

46

36

36

50

68

70

Botswana

46

53

36

44

43

71

Colombia

46

62

52

26

34

72

Namibia

47

59

34

44

35

73

Senegal

47

51

51

47

36

74

Armenia

47

40

53

59

43

75

Macau

47

75

14

38

30

76

Cape Verde

47

56

38

48

38

77

Bulgaria

47

59

47

42

33

78

India

48

57

48

41

38

79

Azerbaijan

48

41

43

44

67

80

Ghana

48

62

43

49

24

81

Bahamas

48

67

30

52

23

82

Panama

48

55

63

46

27

83

Samoa

48

54

35

63

31

84

Thailand

48

47

48

39

60

85

Macedonia

49

52

46

43

50

86

Tonga

49

56

48

50

36

87

Seychelles

49

71

29

39

35

88

Fiji

49

57

47

48

39

89

Peru

50

65

49

42

31

90

Indonesia

50

59

52

49

35

91

Jordan

51

48

49

43

67

92

Micronesia

51

46

52

77

35

93

Saudi Arabia

51

45

43

52

69

94

Vanuatu

51

57

27

66

43

95

Albania

52

64

51

41

41

96

Hungary

52

57

47

51

47

97

Kenya

52

65

49

44

40

98

Cayman Islands

52

86

19

34

33

99

Tunisia

52

63

57

51

32

100

Brazil

53

74

55

34

31

101

Argentina

53

77

49

38

26

102

Palau

53

72

50

53

20

103

Philippines

54

65

50

46

43

104

Burkina Faso

54

65

53

50

38

105

Serbia

54

65

44

50

44

106

Guatemala

55

60

55

60

39

107

Zambia

55

66

36

50

53

108

Belarus

55

47

45

59

72

109

Mongolia

55

72

42

54

35

110

Russian Federation

55

57

54

52

57

111

Sri Lanka

55

62

54

57

44

112

Dominican Republic

55

66

58

52

38

113

Bosnia and Herzegovina

55

74

49

37

46

114

Aruba

55

81

45

47

25

115

Trinidad and Tobago

56

65

65

65

23

116

Nepal

56

60

58

54

49

117

Moldova

56

67

48

52

45

118

Sao Tome and Principe

56

55

64

66

44

119

Paraguay

57

62

62

52

48

120

El Salvador

57

64

59

62

38

121

Kuwait

57

80

36

42

46

122

Ukraine

57

74

54

50

36

123

Turkey

57

53

51

55

71

124

Maldives

57

65

56

45

55

125

Mexico

57

69

56

46

47

126

Kazakhstan

58

58

50

52

68

127

Togo

58

53

58

72

53

128

Papua New Guinea

58

70

51

59

40

129

Benin

58

61

62

67

42

130

Uganda

58

72

48

45

55

131

Kyrgyz Republic

59

71

59

53

42

132

Suriname

59

66

48

75

37

133

China

59

47

56

59

80

134

Bermuda

59

97

22

61

14

135

Solomon Islands

59

72

18

81

42

136

Gambia

59

55

58

56

71

137

Ivory Coast

59

66

62

58

48

138

Niger

60

54

59

69

61

139

Guyana

60

74

57

60

36

140

Lebanon

60

75

55

56

40

141

Brunei Darussalam

60

61

43

65

63

142

Eswatini

60

55

37

75

70

143

Cuba

60

65

60

48

64

144

Lesotho

60

58

48

80

54

145

Ecuador

60

75

53

51

49

146

Belize

60

72

46

72

38

147

Mali

61

70

55

60

50

148

East Timor

61

71

56

64

43

149

Malawi

61

74

56

60

42

150

Honduras

61

64

63

66

53

151

Guinea

62

64

60

73

46

152

Mauritania

62

70

57

59

55

153

Pakistan

62

77

56

48

54

154

Mozambique

62

68

60

55

61

155

Kiribati

63

79

46

73

36

156

Tanzania

63

71

58

58

56

157

Myanmar

64

69

61

70

54

158

Sierra Leone

65

78

53

61

52

159

Vietnam

65

66

51

62

75

160

Morocco

65

68

73

60

61

161

Egypt

65

66

51

63

76

162

Nigeria

65

81

58

58

49

163

Algeria

66

77

53

67

53

164

Djibouti

66

51

51

86

82

165

Liberia

66

83

48

68

46

166

Bolivia

66

83

69

60

41

167

Comoros

66

54

80

85

60

168

Afghanistan

66

80

69

54

52

169

Iran

67

73

55

58

74

170

Haiti

68

79

55

71

54

171

Cameroon

68

72

71

66

61

172

Nicaragua

69

73

69

75

56

173

Gabon

70

86

68

52

61

174

Sudan

70

60

63

86

80

175

Tajikistan

71

72

65

64

80

176

Ethiopia

71

73

59

61

85

177

Syria

72

86

47

63

71

178

Bangladesh

72

86

63

60

64

179

Madagascar

72

81

72

74

53

180

Zimbabwe

72

75

62

76

67

181

Uzbekistan

73

69

66

76

79

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Iraq

73

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62

82

62

183

Laos

75

70

67

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85

184

Guinea-Bissau

75

72

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93

65

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Angola

76

89

61

78

63

186

Republic of the Congo (Brazzaville)

77

84

73

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Central African Republic

78

78

82

88

65

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Eritrea

79

54

84

100

99

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Cambodia

79

92

68

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63

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Burundi

79

64

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88

98

191

Dem. Rep. of the Congo

82

92

80

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Equatorial Guinea

82

76

86

90

82

193

Turkmenistan

82

89

53

81

92

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Libya

82

91

70

84

74

195

Chad

84

88

87

85

74

196

Venezuela

85

100

78

78

71

197

Yemen

85

86

75

93

85

198

North Korea

86

70

100

89

100

199

South Sudan

92

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81

97

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Somalia

94

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90

             

Showing 1 to 200 of 200 entries

000

 

Ég fletti upp į upplżsingum, 11 Ķsland og 72 Namibia. Žarf mśtur, til aš hafa möguleika. Af hverju rannsakaši Alžingi ekki slóš Kreppufléttan, endurtekiš , žegar eigurnar voru hirtar af fólkinu 2008? Eigum viš ekki aš hętta ķ spillingunni?

Ég hef ekki žekkingu į mśtumįlunum, og fletti žvķ upp į smį upplżsingum, sem uršu 11 Ķsland og 72 Namibia.

Ķ sumum geirum viršist žurfa aš taka žįtt ķ mśtunum, til aš hafa möguleika. 

Ég er ekki aš afsaka mśtur.  

Af hverju rannsakaši Alžingi ekki   slóš  Kreppufléttan, endurtekiš  , žegar eigurnar voru hirtar af fólkinu 2008?

Eigum viš ekki aš hętta ķ spillingunni?

000

TRACE

https://www.traceinternational.org/trace-matrix

Hvort ég mį setja žetta smį sżnishorn veit ég ekki, og tek žaš strax nišut ef ég mį žetta ekki.

Search:

Rank

Country

Risk Score

Domain 1: Interactions
with Government

Domain 2 : Anti-bribery Deterrence and Enforcement

Domain 3 : Governmental
and Civil Service Transparency

Domain 4: Capacity for Civil Society Oversight

 

11

  slóš  Iceland

17

22

10

13

17

 

  slóš   Namibia

 

 

 

 

 

72

 

47

59

34

44

35

Egilsstašir, 14.11.2019  Jónas Gunnlaugsson


Learn, learn, learn. Lęra, lęra, lęra. 24.12.2014 - Nś fęr almenningur įrlega um 1,5 billjón punda hagnaš af 3% af peningaforšanum. Til samanburšar er bankarnir nišurgreiddir fyrir 50 billjón punda įrlega fyrir aš bśa til hin 97%. - Ķslenska nešst.

 If this privatisation of the money supply was reversed, then that £50 billion would be available to fund our public services without there being a need to increase taxes. Indeed, the nation could enjoy increased spending on public services — wiping out NHS deficits, giving students free tuition and maintenance grants, increasing pensions — and a cut in taxes!

000

Ķslenska nešst.

Aftur,   Prosperity - uk

http://jonasg-egi.blog.is/blog/jonasg-egi/entry/1528300/

Egilsstašir, 24.12.2014 Jónas Gunnlaugsson

"An Unlimited Amount of Money

Since the banks got into the housing market in the 1980s, with many building societies demutualising and becoming banks, they have become the major source of mortgages.

As banks are not limited to lending out only the amount deposited with them, but can create as much money as they wish in the form of loans to house-buyers, we now have a situation of an unlimited amount of money chasing a finite housing stock, which is the recipe for inflation. Even with twice as many houses available in the nation’s housing stock, house prices would still soar to the level that would enable the banks to squeeze the maximum amount of profit out of their borrowers.

This problem is particularly acute in London because this is where live the nation’s highly paid financiers, who easily earn the money to buy a nice place — and maybe a few more to rent out to the low paid!

The Privatisation of Money

In the years since 1946, when the Bank of England was nationalised, the amount of the money supply created by a public agency has fallen from 46% to 3%.

***

Currently the public purse benefits annually by about £1.5 billion on the profit of providing that 3% of the money supply.

***

By contrast, the banks, in creating the remaining 97% are subsidised by the British people to the tune of £50 billion every year.

***

If this privatisation of the money supply was reversed, then that £50 billion would be available to fund our public services without there being a need to increase taxes. Indeed, the nation could enjoy increased spending on public services — wiping out NHS deficits, giving students free tuition and maintenance grants, increasing pensions — and a cut in taxes!

The Money Fuse to the Climate Bomb

Debt, whether it is carried by an NHS Trust, a business or a family, is the greatest pressure under which anyone can labour. Yet whereas an NHS Trust, a business or a family can try to bring its accounts in order by earning more and spending less, a national economy and, far less, the global economy cannot.

Within such an economy one person’s spending is another person’s earnings. The global economy cannot spend less without earning less, and earning less will mean financial ruin for some people. It will mean families losing their homes, businesses going bankrupt and public services laying-off staff.

It is the frantic need for continued economic growth, both in this country and around the world, that is the cause of one of the world’s greatest threats: climate change.

The Solution

We can save the planet without causing a world-wide recession through the simple medium of removing the power of the private banks to create money. All money should then be created by a publicly-owned agency, which should be spent into circulation on public services.

Potentially, we could enjoy the benefit of both increased spending on public services and tax cuts together.

Removing the power of the banks to create money would mean that their lending would be limited to the amount of savings that they held, just as is the case with mutual building societies and credit unions.

This would limit the amount of money in the housing market and so end house price inflation.

But perhaps most importantly, we could end the current ‘dog-chasing-tail’ scenario of today’s frenetic and ultimately futile attempt of whole economies trying to escape from debt — when debt is the basis of their money supply.

It is this vain attempt to escape debt that is the cause of so much of humanity’s destructive impact upon the world’s climate and environment.

Boggling the Mind

The true nature of the money supply is so different to the popular perception, that trying to understand it and all the ramifications that stem from it is not easy.

***

Take your time, but not too much time, the longer the situation persists, the worse it will become and it will be the younger generation who will have to shoulder the burden.

***

The present entirely fraudulent money system is in place due to widespread ignorance.

***

Learn about the situation.

***

There are books on the subject, but the easiest way is through the web.

***

Armed with this knowledge, talk to your friends about this subject. Ask them where they think money comes from and how it is created. You will be surprised just how little most people know.

Only by ending this widespread ignorance can we end the great banking fraud and all the problems that stem from it". 

000

Žżtt śr ensku:

Ótakmarkaš peningamagn

Sķšan bankarnir komust inn į hśsnęšismarkašinn į nķunda įratugnum žar sem mörg byggingafélög breyttu starfsemi sinni og uršu aš bönkum žį hafa žeir oršiš ašaluppspretta vešlįna.

Žar sem bankar eru ekki takmarkašir af aš lįna śt ašeins žęr upphęšir sem lagšar er inn į žį, heldur geta žeir bśiš til eins mikla peninga og žeir vilja ķ formi lįna til hśskaupenda, žį erum viš nśna ķ žeirri stöšu aš ótakmarkaš peningamagn eltist viš takmarkašan hśsafjölda sem er uppskrift aš veršbólgu. Jafnvel žótt tvöfalt fleiri hśs vęru til stašar ķ landinu žį myndi fasteignaverš samt rjśka upp ķ žęr hęšir sem myndi gera bönkunum kleift aš kreista hįmarksgróša śr śt kaupendum sķnum. Vandamįliš er sérlega brżnt ķ London vegna žess aš žar bśa hęstlaunušustu fjįrmįlamenn landsins sem žéna aušveldlega peninga til aš kaupa fallegt hśs og e.t.v. nokkur fleiri til aš leigja śt til hinna lįglaunušu!

Einkavęšing peninganna

Į įrunum sķšan 1946, žegar Bank of England var žjóšnżttur, žį hefur magn peningaforšans sem umboš ķ eigu almennings skapa falliš śr 46% nišur ķ 3%.

Nśna gręšir almenningur įrlega um 1,5 billjón punda į hagnašnum af aš śtvega žessi 3% af peningaforšanum.

Til samanburšar er bankarnir nišurgreiddir fyrir 50 billjón punda įrlega fyrir aš bśa til hin 97%.

Ef žessari einkavęšingu vęri snśiš viš žį vęri hęgt aš nota žessi 50 billjón pund til aš fjįrmagna žjónustu viš almenning įn žess aš žörf vęri į skattahękkunum. Žjóšin gęti meira aš segja notiš aukinna hagsbóta: žurrkaš śt tekjuhalla sjśkrasamlaganna, gefiš nįmsmönnum upp skólagjöld og nįmslįn, aukiš viš eftirlaun og lękkaš skatta!

Peningakveikižrįšurinn ķ loftslagssprengjunni

Skuld, hvort sem sjśkrasamlög, fyrirtęki eša fjölskyldur bera hana, er mesti žrżstingur sem hęgt er aš vinna undir. Žegar sjśkrasamlag, fyrirtęki eša fjölskylda geta reynt aš koma fjįrmįlunum ķ lag meš žvķ aš vinna sér inn meira og eyša minna žį getur žjóšarbś ekki gert hiš sama og ennžį sķšur hiš hnattręna hagkerfi. Innan slķks hagkerfis er eyšsla einnar manneskju innkoma annarrar manneskju. Hnattręna hagkerfiš getur ekki eytt minna įn žess aš innkoman sé minni og žaš aš innkoman sé minni žżšir fjįrhagslegt hrun fyrir sumt fólk. Žaš žżšir aš fjölskyldur missi heimili sķn, aš fyrirtęki verši gjaldžrota og opinber fyrirtęki segi upp starfsfólki. Žaš er žessi hamslausa žörf fyrir įframhaldandi hagvöxt, bęši ķ žessu landi og um allan heim, sem er örsök einnar stęrstu ógnar sem heimurinn stendur frammi fyrir: loftslagsbreytingar.

Lausnin

Viš getum bjargaš heiminum įn žess aš valda heimskreppu meš žeirri einföldu ašferš aš taka burt vald einkabankanna til aš bśa til peninga. Umboš, ķ eigu almennings, ętti žvķ aš bśa til peninga sem ętti aš setja ķ umferš ķ žjónustu viš almenning. Hugsanlega gętum viš žį notiš gęšanna bęši af auknum fjįrmunum ķ almenningsžjónustu og skattalękkunum. Meš žvķ aš fjarlęgja vald bankanna til aš bśa til peninga myndi žżša aš śtlįn žeirra myndu takmarkast viš žęr upphęšir sem žeir geyma, alveg eins og meš sameiginleg byggingafélög og samvinnubanka. Žetta myndi takmarka peningamagniš į fasteignamarkašinum og žar meš binda endi į ofženslu. En sennilega, og žaš sem er mikilvęgast, žį myndum viš enda tilgangslausan og ofsafenginn eltingaleik dagsins ķ dag hjį heilu hagkerfunum viš aš reyna aš hlaupa frį skuldinni – žegar skuldin er grunnur peningaforša žeirra. Žaš er žessari įrangurslausa tilraun til aš sleppa undan skuld sem er orsök svo mikillar eyšileggingar į loftslagi heimsins og umhverfi.

Heilabrot

Sannir eiginleikar peningaforšans er svo ólķkir almennum skilningi aš žaš aš reyna aš skilja žį og allar afleišingar žeirra er allt annaš en aušvelt. Taktu žér tķma, en ekki of mikinn; žvķ lengur sem įstandiš varir žvķ verra veršur žaš og žaš veršur unga kynslóšin sem neyšist til aš axla byršarnar. Sviksamlegt peningakerfi nśtķmans er į sķnum staš vegna śtbreiddrar vanžekkingar. Žś skalt fręšast um stöšuna. Žaš eru til bękur um efniš en aušveldasta leišin er ķ gegnum netiš. Vopnašur žessari žekkingu žį skaltu tala viš vini žķna um efniš. Spuršu žį hvašan žeir haldi aš peningarnir komi og hvernig žeir verša til. Žaš į eftir aš koma žér į óvart hvaš flest fólk veit lķtiš. Ašeins meš žvķ aš binda enda į žessa śtbreiddu vanžekkingu getum viš endaš stóra bankasvindliš og öll žau vandamįl sem stafa af žvķ.

Egilsstašir, 24.12.2014 Jónas Gunnlaugsson


Hér er smį sżnishorn af žvķ aš nś žegar er mögulegt aš lękna augnbotna hrörnun. Drögum lausnirnar fram ķ dagsljósiš. Allir leiti aš žeim, sem eru komnir lengst meš aš leysa mįliš. Ef viš leitum ekki aš žvķ besta, žį finnum viš žaš ekki.

 

Athugašu, aš žetta er eins og hįlfs įrs gömul grein, žekkingin flżgur įfram.

Athuga aš žaš geta veriš margir ašrir meš svipaš, ég žurfti aš leita žó nokkuš til aš finna žetta.

Takiš aš ykkur aš leita aš lausnum.

Munum aš Nikola Tesla leitaši aš vissum lausnum og kom meš Niagara virkjunina, rafalana, spennana, hįspennu lķnurnar, og flutti orkuna til borgarana.

Stór hluti af žvķ sem hann bauš upp į, er fališ enn žann dag ķ dag.

Viš getum haldiš į lofti góšum lausnum fyrir fólkiš.

Žaš er fullt af greinum, sem leita aš vandręšum, og greinum til aš afvegleiša.

Ašrir gętu veriš komnir mun lengra, og aš žeim žarf aš leita.

Leita aš greinum sem leita lausna.

Vķsindamašurinn sagši, leitiš og žér munuš finna. Punktur.

Nešst ķ greininni stendur, aš žetta gęti veriš komiš fyrir alla į nęstu 5 įrum, ašrir gętu veriš komnir lengra segi ég,

“This study represents real progress in regenerative medicine and opens the door to new treatment options for people with age-related macular degeneration. We hope this will lead to an affordable ‘off-the-shelf’ therapy that could be made available to NHS patients within the next five years.”

000

Stem Cell Patch Restores Vision in Patients with Age-Related Macular Degeneration

MARCH 20, 2018 / KAREN RING

Žessi slóš hér er frį bing.com hitt er frį mail.

 ((https://blog.cirm.ca.gov/2018/03/20/stem-cell-patch-restores-vision-in-patients-with-age-related-macular-degeneration/))

augnbotnar

Stem cell-derived retinal pigmented epithelial cells. Cell borders are green and nuclei are red. (Photo Credit: Dennis Clegg, UCSB Center for Stem Cell Biology and Engineering)

Two UK patients suffering from vision loss caused by age-related macular degeneration (AMD) have regained their sight thanks to a stem cell-based retinal patch developed by researchers from UC Santa Barbara (UCSB). The preliminary results of this promising Phase 1 clinical study were published yesterday in the journal Nature Biotechnology.

AMD is one of the leading causes of blindness and affects over six million people around the world. The disease causes the blurring or complete loss of central vision because of damage to an area of the retina called the macula. There are different stages (early, intermediate, late) and forms of AMD (wet and dry). The most common form is dry AMD which occurs in 90% of patients and is characterized by a slow progression of the disease.

Patching Up Vision Loss

In the current study, UCSB researchers engineered a retinal patch from human embryonic stem cells. These stem cells were matured into a layer of cells at the back of the eye, called the retinal pigment epithelium (RPE), that are damaged in AMD patients. The RPE layer was placed on a synthetic patch that is implanted under the patient’s retina to replace the damaged cells and hopefully improve the patient’s vision.

The stem cell-based eyepatches are being implanted in patients with severe vision loss caused by the wet form of AMD in a Phase 1 clinical trial at the Moorfields Eye Hospital NHS Foundation Trust in London, England. The trial was initiated by the London Project to Cure Blindness, which was born from a collaboration between UCSB Professor Peter Coffey and Moorsfields retinal surgeon Lyndon da Cruz. Coffey is a CIRM grantee and credited a CIRM Research Leadership award as one of the grants that supported this current study.

The trial treated a total of 10 patients with the engineered patches and reported 12-month data for two of these patients (a woman in her 60s and a man in his 80s) in the Nature Biotech study. All patients were given local immunosuppression to prevent the rejection of the implanted retinal patches. The study reported “three serious adverse events” that required patients to be readmitted to the hospital, but all were successfully treated. 12-months after treatment, the two patients experienced a significant improvement in their vision and went from not being able to read at all to reading 60-80 words per minute using normal reading glasses.

Successfully Restoring Sight

Douglas Waters, the male patient reported on, was diagnosed with wet AMD in July 2015 and received the treatment in his right eye a few months later. He spoke about the remarkable improvement in his vision following the trial in a news release:

“In the months before the operation my sight was really poor, and I couldn’t see anything out of my right eye. I was struggling to see things clearly, even when up-close. After the surgery my eyesight improved to the point where I can now read the newspaper and help my wife out with the gardening. It’s brilliant what the team have done, and I feel so lucky to have been given my sight back.”

This treatment is “the first description of a complete engineered tissue that has been successfully used in this way.” It’s exciting not only that both patients had a dramatic improvement in their vision, but also that the engineered patches were successful at treating an advanced stage of AMD.

The team will continue to monitor the patients in this trial for the next five years to make sure that the treatment is safe and doesn’t cause tumors or other adverse effects. Peter Coffey highlighted the significance of this study and what it means for patients suffering from AMD in a UCSB news release:

Peter Coffey

“This study represents real progress in regenerative medicine and opens the door to new treatment options for people with age-related macular degeneration. We hope this will lead to an affordable ‘off-the-shelf’ therapy that could be made available to NHS patients within the next five years.”

000

Egilsstašir, 07.11.2019 Jónas Gunnlaug


Žarna uršu 228 milljarša dollara vandręši aš 4 trilljarša dollara vandręšum, žegar hugsanlegt nśsöluverš eigna var bókfęrt sem veršmęti eigna bankana. Žį fóru margir bankar į hausinn, og Bandarķkin björgušu mörgum, en ekki žeim ķslensku.

The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad

https://www.youtube.com/watch?v=RrFSO62p0jk

Smį endursögn į ķslensku.

Bókhaldslögin, reglugeršin, reglan, sem setti hvern bankann af ošrum į hausinn 2008 var mark-to-market accounting, žaš er nśsöluvirši eigna.

Ķ kreppu, vildi engin kaupa neitt, og žį varš bankinn bókhaldslega eignalaus.

Žessi regla var notuš fyrir 100 įrum og ķ kreppunni 1930 var hśn sett til hlišar.

Įriš 2007 var reglan virkjuš, og žį uršu bankarnir bókhaldslega eignalausir ķ kreppunni 2008, og allt fór į verri veg.

Žarna uršu 300 milljarša dollara vandręši, sem eru smįmunir, aš 4 trilljóna  dollar vandręšum.

Žingmašurinn Barney Frank lét breyta bókhaldsreglunni 2.4.2009 og žį fór fjįrmįlakerfiš aš lagast.

Vandręši bankana voru vegna žessarar bókhaldsreglu, um aš nś söluveršmęti eigna vęri bókfęrš sem eign, og uršu bankarnir žį eignalausir žegar kreppan kom og allt varš óseljanlegt.

000

Textauppskrift

00:00

Translator: Queenie Lee Reviewer: Peter van de Ven

00:07

I'm about to tell you some unconventional wisdom, alright?

00:14

I called my talk today "The real truth about the 2008 financial crisis."

00:21

So, I guess what I ask you to do this morning

00:23

is to think about what you believe

00:27

what the conventional wisdom is about 2008,

00:31

and I'm going to put some words in your mind or describe it this way,

00:35

and that is most people believe

00:37

that the free-market capitalist system, especially bankers, are greedy,

00:45

they go through periods of excess speculation,

00:51

and then the world collapses

00:54

and the government has to come in and save us.

00:58

By the way, this is the story that was told about the Great Depression,

01:02

and it is also the story that is told about the 2008 financial crisis.

01:09

Now, before I get into the meat of my presentation,

01:12

I want you to think about something else,

01:16

and that is that the Federal Reserve

01:19

controls the level of short-term interest rates in our economy.

01:24

Everybody knows that today,

01:26

they're holding those interest rates at 0%,

01:29

trying to get the economy moving again.

01:35

What lots of people don't remember is that back in 2001, 2002 and 2003

01:42

the Federal Reserve dropped interest rates to 1%.

01:45

I want you to think about this.

01:47

Because when you make a decision to take out a loan,

01:50

when you make a decision to buy a house,

01:52

what is the most important ingredient of that decision?

01:56

I mean, obviously, whether you have income,

01:59

whether you like the house,

02:00

but one of the most important ingredients of that

02:03

is the level of interest rates.

02:05

Alan Greenspan pushed interest rates

02:08

down to 1% in 2003 and 2004.

02:14

In fact, interest rates were below inflation

02:18

for almost three years - below the rate of inflation.

02:23

Now, how do you think about this?

02:25

So, when you're looking at a house - can I afford this house, the payment?

02:29

Obviously,

02:30

those payment streams are determined by the level of interest rates,

02:33

and when interest rates are low,

02:35

you're going to buy a bigger house,

02:37

you're going to buy in a better neighborhood,

02:39

buy cherry cabinets and granite counter tops

02:41

because you can afford it.

02:43

So, let me put this into a story that I know you can understand.

02:48

And that is, when you come to a green light in your car -

02:54

you're driving along, there's a green light -

02:56

how many people in here actually have ever stopped at a green light?

03:03

I'm not talking about senior moments.

03:05

(Laughter)

03:06

I'm talking about stopping at a green light,

03:09

getting out of your car and walking around to the other side,

03:13

just to make sure the other one really is red

03:17

Because, obviously, if it was green too,

03:20

it'd be dangerous to go through that intersection.

03:23

So what happens when Alan Greenspan or the Federal Reserve

03:27

holds interest rates all the way down at 1%?

03:30

You get a green light.

03:33

You get a green light to make a purchase

03:35

that's bigger than probably you should,

03:38

and by the way, the financial system is no different than you.

03:42

Bankers, they're no different than individuals.

03:46

They would say, "Hey, with interest rates so low,

03:48

leverage, borrowing doesn't matter as much, it's cheap.

03:52

So, why don't we lever up a little bit more?

03:55

After all, it's Alan Greenspan, the smartest man in the world,

04:00

that tells us interest rates are 1%;

04:02

in other words, all the lights are green."

04:06

And, so what happens when you hold interest rates down like this?

04:10

You cause people to make decisions that they wouldn't otherwise make.

04:14

Now, let me put this in a different perspective.

04:17

House prices went up 8% in 2001.

04:23

By 2004, 2005

04:26

they went up 14% in 2004, 15% in 2005.

04:31

So you could borrow at 1%, especially with those teaser loans,

04:36

and you could have a house that was appreciating at 14%:

04:40

what a great deal!

04:42

And, so what happened is we encouraged more people to buy homes,

04:46

bigger homes than they should have at the time.

04:50

We also encouraged bankers to take on more leverage,

04:54

and make more risky bets than they would have

04:57

if interest rates were higher.

04:59

In fact, if interest rates would have been 4 or 5%,

05:02

I don't believe we would have had the housing bubble at all.

05:06

Now, let's go back in time just a little bit,

05:09

because this has happened before.

05:11

The last time the Federal Reserve really held interest rates too low for too long

05:17

was back in the 1970s.

05:20

In the 1970s, farmers bought too much land,

05:23

we drilled too many oil wells,

05:26

we were betting on oil prices going up forever,

05:29

and in the 1980s, when farmland prices collapsed and oil collapsed,

05:33

banks collapsed too.

05:35

By the way, the entire savings and loan industry

05:38

also collapsed in the 1980s

05:40

because of the same reason:

05:41

they made too many loans when interest rates were low,

05:45

and then, when interest rates went up, they collapsed.

05:48

At the same time,

05:49

we made big banks make huge loans to the Latin and South America.

05:54

And so, if you go back and look at the 1970s, banks expanded,

05:58

they made loans to farming, housing, oil, Latin and South America,

06:03

and all of those parts of the economy collapsed

06:06

in the late of 70s, early 80s,

06:08

and the banking system was in monster trouble.

06:12

In fact, the eight biggest banks in America in 1983 had no capital -

06:19

zero capital -

06:20

because they had lent too much to Latin and South American countries

06:24

that all collapsed.

06:26

And here's my point of going back to that.

06:29

That is if you go back and look at the 1980s,

06:32

the problems of the 1980s - the banking problems -

06:36

did not take down the entire economy.

06:39

This time, they did.

06:42

And so, the question is why,

06:44

and we're going to deal with that in just a minute.

06:47

And so one of the things that I want to do

06:49

is tell you something I just did, right?

06:53

This is the picture of the S&P; 500 -

06:56

the 500 largest companies in the US stock market.

07:00

It's a picture from 2008 all the way through the first half of 2009.

07:06

What I just recently did is I went back,

07:09

and I read the verbatim transcripts

07:13

of all the Federal Reserve meetings during 2008.

07:19

Now, the reason I just did this

07:21

is because they only come out with a five-year lag.

07:23

The Fed they released little statements,

07:25

and then minutes,

07:27

and then five years later,

07:28

they give us the full transcripts of what they've talked about, right?

07:32

All of those red dots, there's 14 of them, are a Fed meeting.

07:38

Normally, the Fed has six or seven meetings,

07:40

but that was a crisis year, right?

07:42

And so the Fed had 14 meetings that year.

07:46

Just to put this in perspective,

07:48

it's 18 or 20 people sitting around a table,

07:51

and the verbatim transcripts are each of them talking

07:54

for three or four minutes

07:55

if they go around and they vote and they go around again; they vote.

08:00

These transcripts were 1,865 pages long,

08:05

559,000 words.

08:09

Now, I read these for you, just so you know.

08:12

(Laughter)

08:13

And some people have a hard time, like, what is 559,000 words?

08:18

Well, the Old Testament is 593,000 words.

08:23

I mean think about that,

08:24

we've built the universe,

08:25

wandered around the desert for 40 years, 50 years,

08:28

built an ark ...

08:30

There is a lot of stuff that happened in the Old Testament.

08:33

(Laughter)

08:34

The Fed used that many words

08:37

for one year of US economic history.

08:42

Now, I could head down this road -

08:44

maybe that's another TED talk - because that's one of our problems.

08:48

Nonetheless, one of the things I want to point to

08:51

is this huge decline in the market

08:54

that happened in September and October of 2008.

08:58

You know what happened in September and October of 2008?

09:02

Well, first of all, the bloody weekend, September 13th, 14th, I think it was,

09:07

when Lehman Brothers failed, AIG, Fannie Mae, and Freddie Mac,

09:12

and all of those things happened,

09:14

and the Federal Reserve started a program called quantitative easing;

09:18

that's where they started to buy bonds and inject cash into the economy

09:22

in an attempt to save us.

09:25

At the same time, in fact, just a few weeks later,

09:29

on October 8th of 2008, Hank Paulson, the Treasury secretary,

09:36

President Bush, the Bush White House, Congress passed TARP:

09:42

the Troubled Asset Relief Plan,

09:44

and it was 700 billion dollars of government spending

09:48

to save our banking system, okay?

09:51

I want you to take a look at this chart a little more closely.

09:55

Quantitative easing started right here, TARP was passed right there.

10:01

Did it help?

10:04

In fact, the worst part of the crisis was after TARP was passed.

10:09

The stock market fell 40%;

10:12

financial-company stocks fell 80% after TARP was passed.

10:18

In fact, if I look at this chart and kind of squint at it,

10:21

look at all those red dots,

10:22

I would say the more the Fed met, the more the Fed did, the worse it got.

10:28

So, something else must have been going on, right?

10:33

In my opinion,

10:35

the government did not save us,

10:37

and in fact, this is one of the problems that people have

10:40

when they're trying to understand the economy.

10:43

You see, there's an interesting fact about our world, and that is

10:47

the free market - capitalism -

10:52

does not have a press agent;

10:56

the government does.

10:59

The Federal Reserve does.

11:02

In fact, there are about 2,000 books about the financial crisis,

11:05

but there are three main ones that have just come out.

11:08

One is by Timothy Geithner,

11:09

former Secretary of the Treasury under President Obama.

11:13

He was the head of the New York Federal Reserve Bank during 2008.

11:20

He'd written a book about the crisis;

11:22

who do you think he says

11:24

saved the world?

11:25

(Laughter)

11:27

Timothy Geithner, of course.

11:29

Ben Bernanke.

11:31

He doesn't have a book out - he has a book of speeches out -

11:33

who do you think he says

11:35

saved the world?

11:37

Ben Bernanke.

11:39

Hank Paulson has a book out,

11:41

and who do you think he says saved the world?

11:43

Hank Paulson.

11:44

In fact, it's not really that they take credit themselves,

11:47

but they credit TARP

11:49

and quantitative easing and stress tests;

11:52

that's what Timothy Geithner takes credit for:

11:55

stress testing banks, so that everybody can trust them, right?

11:59

This is where I want to shift gears, just a little bit,

12:03

because what I want to tell you is why - or explain -

12:08

is why I believe this banking crisis

12:12

turned into a true overall economic crisis,

12:16

while if you look back in the early 1980s,

12:19

where banks had more losses than they did in 2008,

12:23

the economy did not collapse,

12:25

and in fact started to accelerate without TARP,

12:28

without quantitative easing.

12:30

In fact, Paul Volcker was raising interest rates in the early 1980s,

12:34

and the economy recovered.

12:36

Here we cut interest rates to zero,

12:38

and the economy has grown relatively slowly.

12:41

So, what caused this problem?

12:44

By the way, in those transcripts that I said that I read,

12:47

Ben Bernanke asks his staff to go out and find out how big the problem is,

12:53

how many subprime loans were made,

12:56

how many losses could we face,

12:58

and he has a staff of about 200 Ph.D. economists,

13:03

and they came back with a number of 228 billion dollars.

13:07

Now, don't get me wrong,

13:10

I'd love 228 billion dollars, right?

13:13

But 228 billion dollars is small compared to a 15 trillion dollar economy.

13:19

So, how did that small problem turn into a problem

13:24

that almost took down a 15 trillion dollar economy,

13:27

and the answer is mark-to-market accounting.

13:31

It's a little-known accounting rule

13:33

that most people know nothing about, right?

13:37

It was put into place in November 2007

13:40

after being out of place, not enforced, since 1938.

13:45

Now, let me give you a little bit of background on an accounting.

13:50

In the 1800s, bookkeepers,

13:54

they were bookkeepers.

13:56

They weren't the accounting profession yet.

13:59

They were getting more and more sophisticated,

14:01

but they usually marked everything to market.

14:04

So, if you think about this,

14:05

if the farmland goes up in value, if your machinery goes up in value,

14:09

if your inventory, if loans go up in value,

14:11

you get to mark those up.

14:13

So, in good times, things look better,

14:15

but then, when you start marking things down, things look worse.

14:19

And I believe that if you go back to the 1800s,

14:21

this is one of the reasons why we have very sharp dips and drops in the economy,

14:26

panics and depressions

14:28

and things like that.

14:30

In the 1930s, mark-to-market accounting actually took lots and lots of banks out.

14:36

In fact, it was such a bad law

14:38

that the SEC at the time told Franklin Delano Roosevelt

14:41

that he should get rid of it,

14:43

and he did in 1938.

14:45

It didn't come back, all the way till 2007.

14:48

So, what does mark-to-market accounting do?

14:51

Well, let me give you a story.

14:53

Just imagine you live on the coast of Texas, in Galveston, Texas,

14:59

and you have a $500,000 house right in Galveston, near the beach,

15:05

and you have a $300,000 mortgage,

15:07

and there is a hurricane on the way.

15:10

And it's only four or five hours away,

15:12

and they've told you to evacuate your neighborhood,

15:16

and you're packing up your pictures,

15:18

you're packing up your most important belongings,

15:20

and just before you leave the driveway, your banker shows up.

15:25

(Laughter)

15:26

And your banker says,

15:27

"You have a $300,000 mortgage on this house,

15:31

and there's a hurricane coming.

15:33

Your house is about to be destroyed.

15:35

We're really, really worried about our loan.

15:37

I know you've paid every payment,

15:39

but we're going to have to mark this house to market."

15:43

And you're like, "Well, everybody's gone, no one left.

15:45

I saw the realtor leave. Who's going to bid on this house?"

15:49

He said, "Don't worry, there's a fire truck.

15:51

Let's get the fireman to bid on it.

15:54

They stopped the fire truck, said, "Hey, make a bid on this house."

15:57

Fireman says, "There's a hurricane about to hit.

16:00

I'll pay 20 grand for it,"

16:02

and the banker says, "You know what, you owe me $300,000,

16:05

but the house is only worth $20,000

16:07

because that's the bid.

16:09

So, if you can't come up with $280,000 dollars right now,

16:15

you're going to lose your house.

16:17

You're bankrupt.

16:18

That's what mark-to-market accounting is.

16:21

And so in 2008, what we did is we said -

16:24

what people were doing is -

16:25

they were saying a hurricane is heading, that no ones are worth nothing,

16:29

and so, banks couldn't sell assets, they wouldn't buy assets,

16:34

and in reality, what happened is their losses spiraled out of control,

16:38

and it turned to a $300 billion problem into a $4 trillion problem.

16:45

Now, the amazing thing is, right at the bottom,

16:49

March 9, 2009,

16:52

something changed the world.

16:54

There's a little-known - well, actually he's not little-known,

16:57

but he's retired now - Congressman named Barney Frank.

17:01

His financial services committee actually held a year,

17:04

and he brought the accountants in

17:05

and said, "We don't think this rule is right,"

17:08

and they changed the accounting rule.

17:10

On March 9, 2009,

17:12

they announced the hearing, held the hearing on March 12,

17:15

changed the accounting rule on April 2,

17:17

and from that point on, the economy has grown;

17:20

the stock market is up 200%.

17:23

And, what I'm getting to here is the fact

17:26

that I believe this crisis was not generated by over-speculation,

17:33

well, in fact, was caused by the Federal Reserve in the first place,

17:37

and by changing this accounting rule,

17:39

we brought about a recovery in our economy that most people don't understand.

17:45

What they do believe

17:46

is that the government has caused the recovery,

17:50

especially the Federal Reserve through quantitative easing.

17:53

I want you to think about this for one second, and then I'll close.

17:57

That is that what the Federal Reserve does is they go out and buy bonds,

18:02

and when they buy bonds, they inject cash into the banking system,

18:05

and typically, banks will take that money and lend it out,

18:09

but in the last five years, banks haven't.

18:12

What banks have done is they've begun to sit on excess reserves.

18:15

And so, when you look at the economy today and see how it's growing,

18:20

what's fascinating about this

18:23

is that this growth is actually coming from entrepreneurship.

18:28

I want you to remember one thing,

18:30

and that is Ben Bernanke and Janet Yellen have never stayed up all night

18:36

drinking Red Bull, eating pizza and writing Apps;

18:41

(Laughter)

18:42

they've never fracked a well;

18:44

they haven't ever built a 3D printer.

18:47

And so, when you look at our economy, what I'd like you to do is have faith

18:52

that the free market actually works,

18:54

and realize that many many times,

18:56

government, rules, regulations and actions,

18:59

especially with interest rates, have major impacts.

19:03

I think the understanding of 2008 that people have, the conventional wisdom,

19:08

that banks lost control is actually the wrong thing.

19:12

I believe it's government that lost control,

19:15

and by fixing that rule,

19:17

we actually started the recovery that's underway.

19:20

Thank you very much.

19:21

(Appla

Egilsstašir, 03.11.2019  Jónas Gunnlaugsson

 Žarna uršu 228 milljarša dollara vandręši aš 4 trilljarša dollara vandręšum, žegar hugsanlegt nśsöluverš eigna var bókfęrt sem veršmęti eigna bankana. Žį fóru margir bankar į hausinn, og Bandarķkin björgušu mörgum, en ekki žeim ķslensku.


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