The Kangaroo Arms

Once again I sing the praises of the Joondalup Resort in Connolly, Western Australia. And this time, allow me to focus on their english-style pub - 'The Kangaroo Arms." Yeah okay it doesn't have an english name, but it is at least located in what was once a Brit Colony so there is natural authenticity in there somewhere. Leaving all that aside, you are talking about an establishment with rock solid staff and great pub food. As with everything else at this premier golf course resort, the ingredients in the meals are simply over-the-top standouts as far as quality is concerned - truly, truly excellent. You combine that with professional and legit bar staff and you get the basis for a proper sports bar. Pleasant in every way.

In a way though this place is always going to rate as 'understated.' Which of course suits me anyway. I'm not searching for either the fame, infamy, or glory of the big splash. And that means no one, absolutely NO ONE is going to give a damn that I AM SHERLOCK HOLMES!

...I walked off the pages of an Irishman's fictional tale, and into the real world. But frankly, there are a lot fewer mysteries in the real world for me than you might think. And I am certainly at least as arrogant as the fictional Holmes was. Certainly. One day I shall present you all with a mystery the reckoning of which will thrill, and tax, and enervate, and reward.

Best,

Calvin J. Bear

Lifestyle Destination

A bank is not a lifestyle destination. Why not? Mine is.

Talise Spa - a Lifestyle Destination

How much money do you need? You wouldn't need any greater sum than what goes through the so-called 'dark pools' or 'dark liquidity' funds that are the secret behind why no government or central bank anywhere really is interested in 'fixing up' the banking system today.

The banking system isn't broken.

Got it? The system IS NOT broken. It is simply NOT. By all means you go ahead and read all the crap that is posted everywhere else and in every newspaper and is shown through every av media channel throughout the world but hey, you know what – they are all just proving how much on the outside they all are.

The reason you even bother looking at this web-log is that deep down inside you have a disquieted little feeling that maybe you really are reading someone on the inside.

The single biggest problem in the world of finance today is merely the hijacking of terms and phrases that mean one thing in the hands of intelligent people – and another thing altogether once they get rough-ridden through the mire of modern let's-pretend journalism. There is no way the hedge funds – as they are called now and even rated by rating agencies(!) - are, really hedging anything. The structure and investment process of these funds rely on the same driving forces that installed idiots like Bob Diamond in clown paradises like Barclay's. Barclays died around 1989. Barings officially died. Barclays – like a lot of other corporations riddled with tertiary qualified twits at management level – hung around through the political nuance of family connection its employees had with members of government and political parties. Barclay's did not manipulate LIBOR. LIBOR wasn't there. It still isn't. The end game for pretending that moneyed interests who got snipped a few points because of a 'reference rate' require to be compensated through the courts will wash up onto the wrecking shore either of staggeringly higher interest rates (I'd like to see the modern politician deal with that context) when proper admissions are made, or bankrupt governments through an economy without any circulatory lifeblood by continuing the pretence of artificial low interest rates.

I hope, that the phrase 'dark pool' doesn't also get hijacked by all these idiots. It has significant meaning to those who know what it is.

For gold bugs, dark pools are where the difference between the actual deliverable physical price of precious metals, and the New York digitally-groomed price, goes. Once again, read all the rubbish you like about this ancient relic and how 'the bankers' are suppressing its price and how it earns no dividend. Rubbish people = rubbish ideas.

Armani Spa is a Lifestyle
Destination

That is why Bob Diamond's old job is now a 'lifestyle destination' for some lucky (though still rubbish) bastard with a degree from even some backwater university. Because even a half-smart clown realizes that Barclays is, as are all other fake banks, dead as the proverbial Dodo bird and that he/she will have to be compensated for taking the next fall when it happens again.

There is a man somewhere (several in fact, and one or two women) who owns a dark pool. That man is a bank. And he sends his wife to Armani Spa Dubai on weekends and his mistress or mistresses to the Talise Body Regenerator. As for the one or two women, I have no idea what they do for their husbands and expensive friends.

The lifestyle destination of idiots with degrees who are playing around in deathtraps – is eventually to be fucked. The lifestyle destination of the wise and knowledgeable is the hamam, the place you recoup from doing a lot of fucking.

Diamond Bob, Not Diamond Jim

So London gets religion all of a sudden, does it? Bob Diamond goes and half of the USA says 'we should learn from the Brits...'

The only thing you can learn from the Brits in these circumstances is how to push stuff under the carpet.

The media is covering the story at the moment as though it is about the collusion of several bankers from different brand name banks 'manipulating' the interest rate call between themselves (bank-to-bank rate, aka LIBOR, or the London Interbank Offering Rate), supposedly for a financial benefit to themselves.

Bar at the Savoy, London... Old men and...!

Uh-huh. Sorry. Let me remind you that the problem was that when the Lehman thing happened the LIBOR trade COMPLETELY DRIED UP ALTOGETHER. You know that was the position back then and I know it, and we both remember this coverage by the Bank of England's Governor put out into the media at the time. And with the subsequent effect of a global series of actions by Western Central Banks to provide liquidity TO BANKS to ameliorate the feared run on them and any prospect that they would not be able to meet withdrawals. We ALL remember this.

I cannot reconcile that story back then, with the current idea being floated that somehow, bankers or their designated LIBOR traders 'artificially' suppressed the cost of interbank money and 'artificially' dropped the interest rates with any kind of financial advantage to themselves. EVERYBODY knows that the plain and simple fact is that every single bank was asked at the time by the Bank of England to continue to lend to their fellow banks – and in order to catch a bid, as they say, I'm sure that it was a legitimate action to offer lower and lower interest rates until someone started borrowing.

And yet, even this characterisation begs the question of why, apparently, banks also at the same time were said to have feared the creditworthiness of other banks. So now we have this convoluted story that 1. banks conspired and colluded to create artificially low interest rates, wheras 2. no one was willing to lend in any case, and 3. no one apparently was seeking to borrow at the LIBOR rate (which is generally the lowest rate) in the first place.

And the only resolution to that cockamamee mix-up, is one to do with collateral and security, rather than lack of actual need to borrow money. Therefore, one must ask, is there already in existence, an independently scrutinized process whereby LIBOR borrowings HAVE TO comply with set collateral and risk ratings? And if so, isn't the problem rather more that the banks have no collateral left to hock? Or that all their collateral is purest rubbish?

So I guess then that when the ECB and others speak of 're-capitalising' banks, they must mean supplying them with adequate collateral... And where, one might ask, are they going to get this 'decent' collateral from, since the property valuations all over the place are now known to be wildly overstated.

Argh maybe just write properties down to what they should be and get on with things... You know deflation. Wait a minute, then governments would not be able to collect stamp duties, and rates and taxes at the usual exorbitant levels! We can't have that! So, what we must have then, is collusion between GOVERNMENTS and bankers to manipulate 'market' values and prices – but not between bankers and other bankers to do the same thing. Oh I get it: good old hypocrisy.

Not Nekulturny

Supposedly, Bob Diamond is worth around $650 million. He wears atrocious clothes for a fellow of that kind of wealth; they're cheap-looking in the sense of common and banal. And I would never have stuck my money anywhere near an organisation headed by someone common and/or banal. Vulgar, yes, common, no.

Best, Calvin J. Bear (nod nod, wink wink to the wise.)

Tricked-up Gangsta Rap

How It's Done - the real MI6

All power corrupts, and absolute power corrupts absolutely. Rupert Murdoch's empire is falling apart. Oh, sorry, I mean 'he's splitting the company into the lucrative entertainment assets, and the useless newspaper parts...'

Useless newspaper parts. Worthless, tainted, non-performing, loss-making newspapers.

God who needs newspapers. Not Rupert, that's for sure. Is he actually literate?

In my day, 'literate' did not mean 'able to read and write;' it meant well-read, a person of letters. What a bastard. He's paid every politician this side of the old Iron Curtain, dumbed the public down through rotten newspapers and the influence he's had through publishing companies and government policy – and now he's finished off newspapers for keeps.

I was absolutely appalled to see the then Chief of the London Metropolitan Police actually fly the kite of 'terrorist cells still active in the city,' on the Parliamentary public media inquiry, even while he himself had been tied to the disgusting mindless activities of the phone hackers and the political mates of Rupert and their cosy club of twisted self-involved, self-interested, self-righteous, indignant Right Wing Modern Roundheads.

The inquiry was the thin end of the wedge of what these fellas have gotten up to. I mean we are talking about a massively wealthy cadre that decimated British industry in the Thatcher era, sold Rolls Royce and Bentley, utterly destroyed Leyland, and spent the years thereafter roaming around the world doing backhanded arms deals and over-invoicing on huge public works projects that drew attention from Malaysia, to Zimbabwe, to the Sudan and Saudi Arabia. You would be utterly nuts to think that the British Intelligence Establishment were not up to their necks in the whole entire messiness of this clique.

Mind you, they have a few 'successes.' I mean, speaking of bugging telephones and things, let me explain to you how they got Saif Gaddafi to trip himself up and 'run into the waiting arms of the Libyan Revolutionary Army.'

Project Kahn Design Evoque

Okay, let me not though, I could get into serious trouble.

What I will tell you about is this thing called 'masked programming.' It's about manufacturing high-end micro-chips in the countless of zillions, which can also be used in washing machines, fridges, airconditioners, audio entertainment systems, telephones - as much as they can be used in spacecraft, airforce fighter jets, and so on. Inside the chip architecture, are a series of programmed layers with pre-set programmes for all kinds of things, including for example, turning your stereo speaker into a microphone and sending the picked-up conversations and sounds to somewhere very shadowy. Everybody knows about it; it's stock standard the-way-it-is, folks.

Personally, I would not buy a new Range Rover Evoque Victoria Beckham, if I were going to have sex in it with Max Mosley, if you see what I mean. Not that I am intending to have sex with Max any time soon. And even though it does have a very good computer-controlled sound system.

Anyway. Cut a long story short. Ain't no Rupert Murdoch doing bugging of people's phones boys n girls. That's just the same old claptrap they always sell you in the fishwrap that Rupert is about to cancel shortly. Wouldn't do to let the common folk know how it's really done and who done did it all, now y'all though. Would it? Still... It's very hard to leave off something completely addictive like getting private shows of the celebrity world's kinky bitches on the government Secret Service's bill. Like Princess Di.

It's so-o-o easy-peasy too, you know. They just get some guy to change his name to something Middle Eastern-sounding, and give him a WHOLE LOT OF MONEY to start a specialist after-market bespoke car boutique. Say like 'Afzal Kahn.' What 'Kahn' do you know from the Mid-East. Khan, I know. Kahn, nope. ...And the kids come in and get their sportscars tricked-up.

Anyway here's a great gangsta rappa, at least, to get off this dismal subject. This guy is genuinely talented. Great group. Great production. Great song. Wild One, by Flo Rida ft. Sia.

You gotta remember, my uncle was M.D. Of Shell Far East some years ago. And I'm pretty sure it was Lady Daphne Guinness in the chrome and diamond mask at the kinky private show in Sydney in a twenty thousand dollar designer get-up... ...that I was also at. Too much money. Too much time. You know how it is. Secrets and whispers. Lady Daphne's great though – I admire her heaps. And she doesn't give away secrets. I don't mean to imply that by talking about her here. I'm just saying these are the sorts of places where you hear stuff which generally tends to be pretty reliable, and from people who generally tend to be very well-placed! Me, I've just got a lot of money and a very big er...

Who Don't Learn From History

Yeah well I didn't say this! Current, Harvard Professor of History Niall Ferguson (originally from Oxford) - who is supposed to be some Bilderberger/Right Wing/Colonial Apologist Historian lunatic - last week accused the German Chancellor A. Hitler (er, I mean A. Merkel/Sauer/Kasner) of being the sole bloody-minded impediment to genuine monetary union. He said something about people not learning the lessons from the 1930's.

Personally, I don't like Niall Ferguson's face - it reminds me of a current MI6 spy and provocateur Neil Loftus who was part of the scandal running from out of Investec South Africa and London to forge land title deeds and land transfers and rip off clients to the tune of billions and billions. Apparently, Loftus died in the fairly recent earthquake in New Zealand and has therefore 'disappeared...'

Again, personally, I think the whole euro 'crisis' is another scam deliberately organised to syphon productive output from taxpayers and line the pockets of whoever is going to get 'the bailout.'

I don't know who any of these nameless/faceless 'elite' individuals are. But I do know the subprime and CDO thing was crackpot lunacy from the get-go and yet it too, managed to have been put up by people - strangely enough - originating from Oxford again (Blythe Masters et cetera).

Lord - Allah - Jehovah - Giant Pumpkin, whatever you want to call yourself - please save us from a solution - if it comes - from being another one devised at Oxford.

Calvin J. Bear