Ulferik's Place

Older blogs

Wall street scam  2010-04-14

Glad to see that SEC has read my article from 2008-08-20 about how Wall street robbed the whole world. Here's the subject: The art in borrowing money...

Afghanistan and the americans  2009-04-04

In its mighty USA and its people still doesnt understand that there are differences in peoples mind in different countries over the world. The american people does not know what happens in countries like Irak, Iran and Afghanistan. How people think and why they resists the influence of the way of living we practice in the west. They should stop and try to set themselves in the position of an ordinary citizen of Afhanistan. Is there anyone in the US that have had that thought? What its all about is that the Muslims want to live a prosperus life with good jobs, nice houses and a good car. That kind of living would rule out the islamic and clan way of living which would put an end to the whole way of organising the states and communities in the east. President Obama is doing the same mistake as the former president, he think he will defeat the whole islamic world. He refers to Al Quaida when he wants more troups and money to put an end to the islamic way of living. DONT YOU UNDERSTAND MISTER PRESIDENT THAT IT IS THE MULLAS AND THE CLANLEADERS YOU ARE FIGHTING, NOT THE Al Quaida, AND YOU CAN NOT WIN THE MUSLIMS ONTO YOUR SIDE BY PUTTING THEM FURTHER IN TO POWERTY. The only way to win the muslims is to give them a chance to education and a normal living. This transformation of the muslims is going to go on for another 200 year and there will be many casualties along the way. The leaders of the islamic world is NOT going to give away there power without struggle.

Us forclosure for Obama to tackle..  2008-10-28

Interesting to see how Obama shall tackle the upcoming forclosure of the USA. There is a lot of people in the US that has a lot of money e.g. dollar. In years to come we will se a depreciation of the dollar that makes these people less rich. The funny thing is that these people could save the country a humiliating bancrupsy by paying taxes like people in other countries. Me like many others thought that when Reagan started the taxcuts for whealthy people everyone would benefit from that. What happened was that Bush came along and started to cut taxes for everyone and raised spending on the military. With a defacit that has exeeded all limits and with China buying all the Governement Bonds Obama will be sitting in the knees of the Chinese.

Allright that`s fine just give us the money and will manage.  2008-09-22

The money printing machines in the US is in shape. When the bank`s cant rob the ordinary people they rob the state. With a little help from the finance minister, who by the way is a former finance manager, and $700 billion everything is going to be fine. Cramer wrote "Declining home prices are the reason owners are either walking away or being forced out" that`s bullshit, it`s because the bank`s have lend money to people who now can`t afford paying them back, and that`s because they bought, not just one but 2, 3 or more houses and rented them out. Everything worked fine until these loans couldn`t be sold abroad and those who bought theese propertys couldn`t rent them anymore.

The art in borrowing money and let someone else pay back.  2008-08-20

It seams that there is always the biggest crooks that knows how to borrow money and never have to pay back....

How it is possible that a few thousand of people in the US can cheat the whole world, people like real-estate agents and valuators in collaboration with Wall-street-guys and bank-managers.

Theese guys and dolls has been working the last four years without any disturbance and with the regulators knowing what was going on, they have been taking loan after loan with worthless colatteral in banks allover the US knowing that this will in the end brake the economy and send US in to recession for years to come.

The banks that has been participating in this scam has all the time been knowing what the consequenses will be. The loans that has been taken has then been lumped together in big chunks and sold on Wall-street with hugh profits. Banks in Europe and elsewhere in the world has been buying this chunks, which there managers didn't understand that it was a scam from the beginning to the end.

How this can not be known by the banks in Europe for instance is not understandable. All this happend in the late 80th and should be known to anyone who was over 15 year by that time.

So now we have small communities, in Europe and elswhere, runned by Wall-street wannabees that owns miljons of dollars in worthless bankloans and colatteral of zero value in dead suburbs in the US.