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Volcker is cited to believe that Central banks have an incentive to intervene in Gold markets. Comment: However, past history shows that an artificial peg to Gold always ended-up in the destruction of a national currency.




It is well known for decades that Spanish communities made a fortune in licensing areas for real estate projects. Everybody actually should have known that Spanish law was prohibiting to license many of these projects. But where money changes hands, Spanish politicians often found creative ways to help. Now, this strikes back as mainly properties of foreigners are seized and destroyed without indemnification. People who believed to have built with all permits and licenses required find themselves now with destroyed properties and without money. In some cases (not reported in this article) they even selectively ordered destruction of German properties, while their Spanish neighbors still live in freedom. The German Bild refers to one of those stories. one can anticipate that this could lead to additional leverage in negotiating German aid during the financial crisis.




German police is widely using Cell phone location data to generate suspect lists. Especially all mobile phone holders within the close proximity of politically motivated actions are tracked and suspect lists are generated. The article in Tagesspiegel claims that this practice has become common practice but yet has failed to provide any clue on the criminals. The data captured by the police are kept for further reference. Comment: Therefore logic recommends to avoid locations where such a crime could eventually be in progress. One could conclude that the safest place in order not to get tracked might be at home. In the past cell phone holders which were in close proximity to crime scenes became suspects and had some difficulties to clear their names from the suspect list.




There has been a lie which preceeded for decades stating that human kind will not be able to survive without nuclear power. Japan, one of the countries with nearly exclusive nuclear energy generation is now proofing the opposite. Only six reactors, a little fraction of the total japanese nuclear stations, are online and still Japan's consumers can have access to energy. The big question is if countries could abandon nuclear energy, immediately and it appears that this is absolutely possible.




The ECB does something it should not do. instead of lowering the risk of national and banking default it decided to further accelerate speculative risk building by money printing. Yet again the official story of helping companies and businesses to get access to cheap money prevails. However it is more likely that the Spaghetti strategy will end in higher inflation at a given point of time.



The Financial Crisis Blog - News, Analysis, Predictions

Apple Computer – Where will it go from here?

A legend is running out of time

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Legendary Steve Jobs has decided to step back from Apple's CEO post. That does not come unexpected to those who followed his health situation, but it now brings the company closer to its faith for the „post-Jobs era“.

Apple, which according to Samsung took-up ideas from Kubrik's Films and translated those ideas into real-life products, had become one of the largest consumer product companies in the world. Apple's secret is to be found in a monopolistic position as hardware provider whereby its uperior profits are generated on the software and content side. That would allow Apple to offer its top notch hardware products at a price close to production cost at any time, a threat to any potential competitor trying to enter their market. Apple's leadership thereby derives from the short development cycles and its ability to deliver new fancy hardware products with astonishing regularity. Most of which Steve Jobs provided vision and guidance.

The integration of Soft- and Hardware is the theme which made Apple famous, but its rigidity and closed application and hardware policy also upset many users. We remember the law suit against Apple for the short termed life of its first Mp3 players'. Despite all of that, Apple had overcome those hurdles and the seemingly planned obsolesence of its first products were certainly a motor for its growth. Users have to have the new gadget at any cost and as a consequence competitors have very limited time to enter a market in which Apple is already designing and pushing new products.

...read detailsThursday 25. August 2011
Posted in: International, Investing
tags: apple, steve jobs