Wednesday, August 8, 2012
12-08-09 על צעדו הבא של השופט חגי ברנר בתיקים הקשורים למשה סילמן ז"ל
הוגש לפרסום בעיתון הארץ.
יצ
על צעדו הבא של השופט חגי ברנר בתיקים הקשורים למשה סילמן ז"ל
על צעדו הבא של השופט חגי ברנר בתיקים הקשורים למשה סילמן ז"ל
א, ב, ג, או כל
התשובות הנ"ל (א-ג).
רשם/שופט מחוזי
בפועל חגי ברנר – "החלטה בפתקית" בלתי חתומה בתיק הערעור של משה
סילמן,ז"ל, כפי שהיא מופיעה במערכת "נט המשפט". החלטה זאת אינה
מופיעה במערכת גישת הציבור לכתבים.
ירושלים, ה-8 באוגוסט – בפתח
מכתבו האחרון כותב משה סילמן ז"ל: "... ובית המשפט המחוזי ת"א חסם
אותי [מ]לקבל צדק, ח[גי] ברנר, רשם בית המשפט המחוזי ת"א, שעבר על החוק,
ושיבש הליכי משפט, מתוך התנשאות."
בעקבות מכתבו של משה סילמן ז"ל
הגיש ד"ר יוסף צרניק, (סייג לזכויות האדם - NGO), בקשות לעיון בתיקים הקשורים
למשה סילמן בבית המשפט המחוזי ת"א.
במהלך הגשת בקשות אלה, התגלו כתבים בבית המשפט, שהובילו להגשת בקשות לפסילת
הרשם חגי ברנר, כיוון שקיים חשש ממשי לכיזוב כתבי בית המשפט בתיקים אלה על-ידי חגי
ברנר ואחרים.
על פי החוק בישראל, על הרשם חגי ברנר להחליט בעניין פסילתו הוא.
עתה,
מעניין מה יהיה צעדו הבא של השופט חגי ברנר בתיקים הקשורים למשה סילמן ז"ל:
א.
הרשם
חגי ברנר יפסול את עצמו בתיקים אלה.
ב.
הרשם
חגי ברנר לא יפסול את עצמו בתיקים אלה.
ג.
הרשם
חגי ברנר יסרב לפסוק בעניין פסילתו בתיקים אלה.
ד.
כל
התשובות הנ"ל (א-ג) – הרשם חגי ברנר ינפיק במערכת "נט המשפט"
"החלטה בפתקית" אלקטרונית, בלתי חתומה, שלא תומצא לצדדים, ולא תרשם
כהחלטה במערכת המקוונת לניהול גישת הציבור לכתבי בית המשפט.
כיזוב
הכתבים המשפטיים הציבוריים נפוץ היום במדינת ישראל:
-
תלונתה התלוייה
ועומדת של לשכת עורכי הדין נגד השופטת ורדה אלשייך נובעת מכיזוב כתבים בבית המשפט
המחוזי בתל-אביב,
-
כיזוב כתבים
בבתי הדין למוחזקי גירוש דווח על ידי עיתון הארץ, וכמו כן
-
כיזוב כתבים
בבית המשפט העליון תועד בדוח לשנת 2012 של סייג לזכויות האדם – "חוסר אמינותם
של הכתבים האלקטרוניים בבתי הדין של מדינת ישראל" .
על פי תקנות בתי המשפט והחלטתה של הנשיאה לשעבר
דורית בייניש, לאחר התנגדות ממושכת של האגודה לזכויות האזרח בישראל, חייב אדם
הרוצה לעיין בכתבי בית המשפט בישראל להגיש בקשה להחלטתו של השופט ששפט בתיק
עצמו. על פניו, מצב זה נוגד את זכות
הציבור לעיון בכתבי בתי הדין, כפי שהיא נהוגה במשפט המקובל האנגלי במשך מאות
בשנים. זכות זאת גם נחשבת לאמצעי הבדוק
לשמירת שקיפות בתי הדין ומניעת השחתתם.
על פי הדו"ח של סייג לזכויות האדם לשנת 2012, במהלך העשור הקודם,
בתקופה שתוארה ב"מהפכה חוקתית" בישראל, שהתנהלה בהנהגת בית המשפט
העליון, נערכו שינויים במערכות הכתבים האלקטרוניים של מדינת ישראל, שערערו את
אמינות מערכת המשפט מיסודה, ויחד עם זאת – את זכויות האדם הבסיסיות במדינת ישראל.
12-08-08 Facebook Art: Mainstream Media
Christian Malazarte'sphoto.
To all my 'random' friends... thank you for spreading the real news of what's really going on. And when you get frustrated with someone who still doesn't get it, remember this quote: "You Can Lead a Horse to Water but You Can't Make Him Drink."
12-08-08 Taking Bets by legal and Information Systems experts on Judge Hagai Brenner's next move in cases related to the late Moshe Silman...
a, b, c, or d (all the above).
Registrar/De Facto District Judge Hagai Brenner, Tel Aviv District Court
View as PDF: http://www.scribd.com/doc/102338002/
Jerusalem and Los Angeles, August 8 - one wonders how legal and Information Systems (IS) experts would bet on Hagai Brenner's next move in the cases, related to the late Moshe Silman. On August 5 Registrar/De Facto District Judge Hagai Brenner was requested to disqualify himself, based on material concern of Fraud in the electronic Public Records of the District Court by Hagai Brenner and others...
Based on past experience in the California and federal courts in the United States, in the Tel-Aviv District Court itself, and in the Supreme Court of Israel, the following four bets are offered:
a) Hagai Brenner WILL disqualify himself.
b) Hagai Brenner will NOT disqualify himself.
c) Hagai Brenner will refuse to rule on the Request
d) ALL THE ABOVE, combined, through the issuance of a simulated, fraudulent paper as "Decision" on the Request for Disqualification. Like other decisions of this kind - since implementation of Net Ha-Mishpat - it is likely to be an electronic, unsigned, "Post-It Decision", which is never served on the parties (unauthenticated), and fails to appear in the online public access system of the District Court (not entered into the Public Record).
Pending before the District Court in the related cases, in addition to the Request for Disqualification, are:
The 2012 submission of Human Rights Alert to the Human Rights Council of the United Nations, regarding the State of Israel, titled "Integrity or lack thereof, of the electronic record systems of the courts of the State of Israel," is scheduled for review in early 2013.
IBM and EDS, US-based corporations, were involved in the implementation of the fraudulent electronic record systems of the State of Israel over the past decade . Similar systems had been implemented in the state and federal courts in the United States a couple of decades earlier. The 2010 submission of Human Rights Alert to the Human Rights Council (HRC) of the United Nations, regarding the United States, was reviewed by the HRC professional staff and incorporated in the official HRC Professional Staff Report with a note referring to "corruption of the courts and the legal profession and discrimination by law enforcement in California."
LINKS:
[1] 12-08-05 PRESS RELEASE: Moshe Silman, Israeli, self-immolated, social protest activist and the justice system of the State of Israel Disqualification for a cause filed against Judge Hagai Brenner
http://www.scribd.com/doc/101953721/
[2] 12-08-07 Silman v Bituach Leumi (1752/08 and 6909-01-10) Cover Letter for Service of Statements of Disqualification on parties, and Request to be Informed, in absence of service of decisions by the District Court s
http://www.scribd.com/doc/102241618/
[3] 11-12-19 Simulated Records, Simulated Litigation Enabled by the Electronic Record Systems of the Supreme Court of the State of Israel (English) s
http://www.scribd.com/doc/73239491/
___________________
Joseph Zernik, PhD
Human Rights Alert (NGO)
Human Rights Alert online
http://inproperinla.blogspot.com/
Flag Counter: 140
http://www.scribd.com/Human_Rights_Alert
Total Reads: 868,060
Followers: 1,547
http://www.scribd.com/SeyagLizhuyotHaadam
Total Reads: 50,147
http://twitter.com/inproperinla
http://www.liveleak.com/user/jz12345
Total Item Views: 664,803+304,012
http://www.examiner.com/x-38742-LA-Business-Headlines-Examiner
http://www.facebook.com/joseph.zernik
Facebook Friends: 3,206
_____________________________
Take away justice, then, and what are governments but great bandit bands?
Saint Augustine, Civitas Dei (City of God,4.4)
_____________________________
Registrar/De Facto District Judge Hagai Brenner, Tel Aviv District Court
View as PDF: http://www.scribd.com/doc/102338002/
Jerusalem and Los Angeles, August 8 - one wonders how legal and Information Systems (IS) experts would bet on Hagai Brenner's next move in the cases, related to the late Moshe Silman. On August 5 Registrar/De Facto District Judge Hagai Brenner was requested to disqualify himself, based on material concern of Fraud in the electronic Public Records of the District Court by Hagai Brenner and others...
Based on past experience in the California and federal courts in the United States, in the Tel-Aviv District Court itself, and in the Supreme Court of Israel, the following four bets are offered:
a) Hagai Brenner WILL disqualify himself.
b) Hagai Brenner will NOT disqualify himself.
c) Hagai Brenner will refuse to rule on the Request
d) ALL THE ABOVE, combined, through the issuance of a simulated, fraudulent paper as "Decision" on the Request for Disqualification. Like other decisions of this kind - since implementation of Net Ha-Mishpat - it is likely to be an electronic, unsigned, "Post-It Decision", which is never served on the parties (unauthenticated), and fails to appear in the online public access system of the District Court (not entered into the Public Record).
Pending before the District Court in the related cases, in addition to the Request for Disqualification, are:
- Request to Inspect and to Copy the District Court's records, and
- Request for Certified Copies of Decisions/Judgments.
The 2012 submission of Human Rights Alert to the Human Rights Council of the United Nations, regarding the State of Israel, titled "Integrity or lack thereof, of the electronic record systems of the courts of the State of Israel," is scheduled for review in early 2013.
IBM and EDS, US-based corporations, were involved in the implementation of the fraudulent electronic record systems of the State of Israel over the past decade . Similar systems had been implemented in the state and federal courts in the United States a couple of decades earlier. The 2010 submission of Human Rights Alert to the Human Rights Council (HRC) of the United Nations, regarding the United States, was reviewed by the HRC professional staff and incorporated in the official HRC Professional Staff Report with a note referring to "corruption of the courts and the legal profession and discrimination by law enforcement in California."
LINKS:
[1] 12-08-05 PRESS RELEASE: Moshe Silman, Israeli, self-immolated, social protest activist and the justice system of the State of Israel Disqualification for a cause filed against Judge Hagai Brenner
http://www.scribd.com/doc/101953721/
[2] 12-08-07 Silman v Bituach Leumi (1752/08 and 6909-01-10) Cover Letter for Service of Statements of Disqualification on parties, and Request to be Informed, in absence of service of decisions by the District Court s
http://www.scribd.com/doc/102241618/
[3] 11-12-19 Simulated Records, Simulated Litigation Enabled by the Electronic Record Systems of the Supreme Court of the State of Israel (English) s
http://www.scribd.com/doc/73239491/
___________________
Joseph Zernik, PhD
Human Rights Alert (NGO)
Human Rights Alert online
http://inproperinla.blogspot.com/
Flag Counter: 140
http://www.scribd.com/Human_Rights_Alert
Total Reads: 868,060
Followers: 1,547
http://www.scribd.com/SeyagLizhuyotHaadam
Total Reads: 50,147
http://twitter.com/inproperinla
http://www.liveleak.com/user/jz12345
Total Item Views: 664,803+304,012
http://www.examiner.com/x-38742-LA-Business-Headlines-Examiner
http://www.facebook.com/joseph.zernik
Facebook Friends: 3,206
_____________________________
Take away justice, then, and what are governments but great bandit bands?
Saint Augustine, Civitas Dei (City of God,4.4)
_____________________________
Tuesday, August 7, 2012
12-08-07 Herald Tribune proclaims the capitulation of Europe, but forgot to report the capitulation of the USA...
The report below was the above-the-fold front page headline of the
Herald Tribune a couple of days ago.
Regarding the capitulation of the United States, all we got was that lame NYT Editorial on Christmas Day, a couple of years back...
JZ
LINKS:10-12-25 Banks and WikiLeaks - NYTimes
http://www.scribd.com/doc/46072423/
_______________
Europeans, meet your new boss
James Konrad, a bookish 27-year-old with a polite manner, used to make a living at a sports betting company, weighing the odds of muddy terrain affecting the surefootedness of racehorses. These days, he takes bets on the muddy terrain that is European politics.
![[]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tHSFc6FBpsEEOQcOmGJ2CtBoqgv1wmy82Sslx3cqrXNu2zfTfcMzSPvAewKcytpnkokV2Oq8l50SGLW9-Z1qfAFXILTza8tI_kn8fhgZnCe2bUjTH11vUTGo9z5selnTWn0H-qWW8jsZXtv7HW8tcR7xDw7zlijPMAc_I2rQeysYM399Dx7EmLnOfeAST2N9RD2bdlGmxE1qm6-97004r8XU4q_j4IM1ybh7IjsadSLUvlp-Zt-pbI_yg4qzfd_k0z_DN5HpqxJ6aUjYTKOn_kA_wpvBdoIYugefOvXkP84MWYGBQ7gycDZA=s0-d)
ANASTASIA TAYLOR-LIND FOR THE INTERNATIONAL HERALD TRIBUNE
Tim Skeet, head of fixed income securities, at the Royal Bank of Scotland headquarters in London. ‘‘This has become less about number crunching and more about the oracle of Delphi.’’
Mr. Konrad trades up to £3 billion, or $4.7 billion, worth of euro zone bonds a day for Royal Bank of Scotland. The bets are just as uncertain, but the sums vastly larger, amounts that seem to stagger even him. ‘‘How do you make someone understand that you’ve traded a billion worth in bonds?’’ Mr. Konrad said. ‘‘A billion. It’s easy to get lost in the zeros.’’
The bond market has emerged as a mighty protagonist in Europe’s economic crisis, marking a seminal shift in power from politicians to a relatively obscure cohort of bankers. The collective day-to-day judgments of investors and traders like Mr. Konrad can now topple governments and hold the key to the survival of the euro.
If that market seems an unfathomable Goliath to outsiders, in interviews bond traders themselves confessed to being fearful and confused. They now juggle unprecedented levels of risk and wealth some ¤6.7 trillion, or $8.3 trillion, in euro zone government debt, according to the European Central Bank.
Some worried openly that too many traders lacked the skills to decipher conflicting signals from Europe’s leaders in an industry ever more dependent on perception and political guesswork. The short-term fluctuations of bond rates, they conceded, were not always an accurate reflection of value and risk. Yet they were being taken as the last word by politicians on any range of government policies and often misinterpreted, they said.
The outcome of their decisions, the traders are the first to admit, is not necessarily consistent or rational or indeed clear in the message that it sends. Yet rarely has so much power rested in their hands.
‘‘We used to be able to measure everything to the nth degree,’’ said Tim Skeet, managing director of fixed income at the Royal Bank of Scotland, or R.B.S. ‘‘These days nothing is measurable. This has become less about number crunching and more about the oracle of Delphi.’’
Economists tend to treat the bond market as a rational player imposing budget discipline on politicians. Politicians portray it as having the conscience of a mob, blaming ‘‘bond vigilantes’’ for undermining Europe’s recovery and its cherished welfare state. The reality is more nuanced.
‘‘Bond ‘vigilantes’? Wimps is a better word,’’ said Andrew Balls, head of European portfolio investment at Pimco, which runs the world’s biggest bond fund. ‘‘I’d love to invest in all these bonds, but I’m too scared.’’
That fear among traders and their jittery investors helps explain why rates have surged for troubled countries like Italy and Spain, and why interest rates have hovered near negative territory for more trusted German bonds: so terrified are investors that they are effectively paying Berlin for the privilege of lending it money.
But in risk, there is also profit lots of it. The amounts now at the command of the bond market have made it vulnerable to the kinds of speculation, volatility and returns more associated with the stock market. As government debt across the European Union has reached 88 percent of gross domestic product, according to Eurostat, some European sovereign debt funds have made investors annual returns of 9 percent.
With so much leverage at its disposal, the bond market’s judgments can have the power of prophecy that is, they can be self-fulfilling, influencing events even as traders assess them from the safe distance of a trading floor.
If traders like Mr. Konrad judge Spanish bonds to be risky because of the chance that Spain’s government may default, they help make it more likely that Spain will indeed default, by raising its borrowing costs. It can have the dynamic of a vicious circle.
‘‘Whatever the Spanish government does and it has done a lot it doesn’t actually help much, because the market is pretty much convinced a full-fledged bailout is required,’’ said Nicholas Spiro, managing director of Spiro Sovereign Strategy, a consulting firm in London that specializes in sovereign credit risk.
It has not helped, of course, that for months the Spanish government denied or misrepresented the depths of its banking problems. Nor that before Spain ran into trouble, Greece had already defaulted on its debts, leaving many investors out in the cold.
If politicians expected the bond market to speak with one voice, traders commonly complained, it would help if politicians did, too. Indeed, in many ways Europe’s crisis has become a race between the frenetic demands of traders and the waltz of European leaders as they grapple with building institutions to secure their currency union. It is a nerve-racking contest.
Olivier de Larouzière remembers calling a crisis meeting in the Left Bank offices of Natixis Asset Management in Paris during one watershed moment on June 28.
That Friday, Mr. de Larouzière, who as head of fixed-income euro securities at Natixis manages ¤18 billion worth of debt, watched with one eye as the yield on Spanish 10-year bonds climbed beyond 7 percent, and with the other as Chancellor Angela Merkel of Germany and her European counterparts scrambled to persuade markets that a bailout for Spain would not be needed.
The yield, or interest rate, on a bond rises as its price falls. Both reflect the risk of the investment. The rise in the rate meant that bonds Mr. de Larouzière had previously purchased were losing value.
When the news ticker on Mr. de Larouzière’s screen announced that leaders had agreed in principle to lay the groundwork for the banking union that markets had been clamoring for, the yields eased back. But his relief did not last long.
‘‘After the weekend, questions began circulating on the floor,’’ he recalled. ‘‘We suddenly realized that this would only really take effect in 2013.’’
Once stung, Mr. de Larouzière was left too wary to buy Spanish debt. He was not the only one. By Monday afternoon, with few takers, yields were rising again. That made the headlines Tuesday, in turn fueling another rise. A week after the summit meeting, rates were higher than on the eve of the talks.
That kind of negative perception can be infectious, particularly when mixed with real data from governments that have grown increasingly alarming. These days Mr. de Larouzière says, ‘‘Italian bond yields should not be where they are,’’ meaning the country’s progress in making policy overhauls was better than it was being given credit for. But he is still selling his Italian debt, fearing that a tsunami of collective pessimism will make it harder for Rome to raise the ¤100 billion it needs this year.
‘‘This is less about economic fundamentals and more about fundamental human emotions it’s about fear,’’ he said. ‘‘Default? Breakup of the euro zone? That sort of thing was just not on the radar’’ just a few years ago.
Those concerns are new for most traders who came of age when much of Europe carried a triple-A credit rating. The picture has changed so quickly that Mr. Konrad, though not yet 30, has straddled the two eras.
On the R.B.S. trading floor, Mr. Konrad sits behind a wall of real-time numbers: yields, futures and a spreadsheet with color-coded bond issues flicker across seven computer screens. There is a calculator on his desk.
But these days his history degree comes in handy. To come up with the 600-plus price quotes a day he makes for his bonds about one a minute Mr. Konrad’s assessment of a country’s election results is in many ways as important as its latest G.D.P. report.
Illustrating the point, Mr. Skeet, his colleague at R.B.S., stands in front of a flip chart with a large red marker, drawing an ever denser web of feedback loops underpinning market sentiment, which he described as ‘‘a complex, volatile mixture of informed insight combined with gut feel and herd instinct.’’
As someone who has studied German and French literature, Mr. Skeet worries that modern markets are not prepared for this new world. ‘‘Some people are too reliant on models without asking questions,’’ he said. ‘‘We ought to go from a highly technical, data-driven, data-sensitive approach to a more intuitive, qualitative approach.’’
Mr. Konrad is the only one with a humanities degree on his desk. The other four have either mathematics or science degrees, like most traders on the floor.
![[]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tri_Bx6iARINDlPWwPB821i3RbzcD7u4w66FDryFmaK9Jw-WPaXIPSTPuEYy81sE2BbzgCmk7DJcopzZWSIusrbZwkm-0tTuk0FpdJLHK2lIEO-P6T0LiUAxYCidp2WJWLfDCk_8lk7ffCAEuAJW8hke5Osa9E_G3GKw4v8H7PfT4bnIlzWy58MmQEFRJDzKkqJsIGzuC3Qdoxwbys-vtYe0xgCs8BOy_JXBmnxBFMvjfxuNeWSPXn0z87MLwlVQcrCiwfjItaHCRYFQReU-d_AGtdnsJ5pB2wKCMkUcO4dDCam4VJ3gg=s0-d)
While Mr. Konrad spends part of his time trying to gauge shifting political currents, his more mathematically minded colleagues model his thoughts for trading purposes. The results are not always consistent, he conceded. ‘‘There is some irrationality to the market,’’ he said.
______
![[]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTyCq7Lwhr0biEFkmdOqJ1gW8ScwpRANOJ4fVnF6fV-wVwczEarde0NnbP7JTtGtx9kX7300kaQq6NQHh9WBTxb4ii7gfgl91CTV6N8u3IWrdzM7fNVrm4hXIDXCO9wNViatgulmPdFf1W/s1600/FLAG+US+LARGE+UPSIDE+DOWN.jpg)
Anonymous recommends flying the flag upside down, a traditional signal of distress...
BOYCOTT THE US PRESIDENTIAL ELECTION! It only legitimizes the illegitimate... 12-04-15 2012 Presidential election votes will be counted in Spain
http://www.scribd.com/doc/89464081/
OCCUPY! 11-12-10 Where should Occupy go next? Civil Disobedience in the footsteps of Thoreau and Gandhi!
http://www.scribd.com/doc/75348301/12-06-08 Courts and Judges as racketeering enterprises under RICO (the Racketeer Influenced and Corrupt Organizations Act) - key element in the current financial crisis
http://www.scribd.com/doc/96504009/
GET UP, STAND UP, STAND UP FOR YOUR RIGHTS!_______
Regarding the capitulation of the United States, all we got was that lame NYT Editorial on Christmas Day, a couple of years back...
JZ
LINKS:10-12-25 Banks and WikiLeaks - NYTimes
http://www.scribd.com/doc/46072423/
_______________
Europeans, meet your new boss
More powerful than ever, bond traders admit to fear and confusion
‘‘Bond ‘vigilantes’? Wimps is a better word.’’James Konrad, a bookish 27-year-old with a polite manner, used to make a living at a sports betting company, weighing the odds of muddy terrain affecting the surefootedness of racehorses. These days, he takes bets on the muddy terrain that is European politics.
ANASTASIA TAYLOR-LIND FOR THE INTERNATIONAL HERALD TRIBUNE
Tim Skeet, head of fixed income securities, at the Royal Bank of Scotland headquarters in London. ‘‘This has become less about number crunching and more about the oracle of Delphi.’’
Mr. Konrad trades up to £3 billion, or $4.7 billion, worth of euro zone bonds a day for Royal Bank of Scotland. The bets are just as uncertain, but the sums vastly larger, amounts that seem to stagger even him. ‘‘How do you make someone understand that you’ve traded a billion worth in bonds?’’ Mr. Konrad said. ‘‘A billion. It’s easy to get lost in the zeros.’’
The bond market has emerged as a mighty protagonist in Europe’s economic crisis, marking a seminal shift in power from politicians to a relatively obscure cohort of bankers. The collective day-to-day judgments of investors and traders like Mr. Konrad can now topple governments and hold the key to the survival of the euro.
If that market seems an unfathomable Goliath to outsiders, in interviews bond traders themselves confessed to being fearful and confused. They now juggle unprecedented levels of risk and wealth some ¤6.7 trillion, or $8.3 trillion, in euro zone government debt, according to the European Central Bank.
Some worried openly that too many traders lacked the skills to decipher conflicting signals from Europe’s leaders in an industry ever more dependent on perception and political guesswork. The short-term fluctuations of bond rates, they conceded, were not always an accurate reflection of value and risk. Yet they were being taken as the last word by politicians on any range of government policies and often misinterpreted, they said.
The outcome of their decisions, the traders are the first to admit, is not necessarily consistent or rational or indeed clear in the message that it sends. Yet rarely has so much power rested in their hands.
‘‘We used to be able to measure everything to the nth degree,’’ said Tim Skeet, managing director of fixed income at the Royal Bank of Scotland, or R.B.S. ‘‘These days nothing is measurable. This has become less about number crunching and more about the oracle of Delphi.’’
Economists tend to treat the bond market as a rational player imposing budget discipline on politicians. Politicians portray it as having the conscience of a mob, blaming ‘‘bond vigilantes’’ for undermining Europe’s recovery and its cherished welfare state. The reality is more nuanced.
‘‘Bond ‘vigilantes’? Wimps is a better word,’’ said Andrew Balls, head of European portfolio investment at Pimco, which runs the world’s biggest bond fund. ‘‘I’d love to invest in all these bonds, but I’m too scared.’’
That fear among traders and their jittery investors helps explain why rates have surged for troubled countries like Italy and Spain, and why interest rates have hovered near negative territory for more trusted German bonds: so terrified are investors that they are effectively paying Berlin for the privilege of lending it money.
But in risk, there is also profit lots of it. The amounts now at the command of the bond market have made it vulnerable to the kinds of speculation, volatility and returns more associated with the stock market. As government debt across the European Union has reached 88 percent of gross domestic product, according to Eurostat, some European sovereign debt funds have made investors annual returns of 9 percent.
With so much leverage at its disposal, the bond market’s judgments can have the power of prophecy that is, they can be self-fulfilling, influencing events even as traders assess them from the safe distance of a trading floor.
If traders like Mr. Konrad judge Spanish bonds to be risky because of the chance that Spain’s government may default, they help make it more likely that Spain will indeed default, by raising its borrowing costs. It can have the dynamic of a vicious circle.
‘‘Whatever the Spanish government does and it has done a lot it doesn’t actually help much, because the market is pretty much convinced a full-fledged bailout is required,’’ said Nicholas Spiro, managing director of Spiro Sovereign Strategy, a consulting firm in London that specializes in sovereign credit risk.
It has not helped, of course, that for months the Spanish government denied or misrepresented the depths of its banking problems. Nor that before Spain ran into trouble, Greece had already defaulted on its debts, leaving many investors out in the cold.
If politicians expected the bond market to speak with one voice, traders commonly complained, it would help if politicians did, too. Indeed, in many ways Europe’s crisis has become a race between the frenetic demands of traders and the waltz of European leaders as they grapple with building institutions to secure their currency union. It is a nerve-racking contest.
Olivier de Larouzière remembers calling a crisis meeting in the Left Bank offices of Natixis Asset Management in Paris during one watershed moment on June 28.
That Friday, Mr. de Larouzière, who as head of fixed-income euro securities at Natixis manages ¤18 billion worth of debt, watched with one eye as the yield on Spanish 10-year bonds climbed beyond 7 percent, and with the other as Chancellor Angela Merkel of Germany and her European counterparts scrambled to persuade markets that a bailout for Spain would not be needed.
The yield, or interest rate, on a bond rises as its price falls. Both reflect the risk of the investment. The rise in the rate meant that bonds Mr. de Larouzière had previously purchased were losing value.
When the news ticker on Mr. de Larouzière’s screen announced that leaders had agreed in principle to lay the groundwork for the banking union that markets had been clamoring for, the yields eased back. But his relief did not last long.
‘‘After the weekend, questions began circulating on the floor,’’ he recalled. ‘‘We suddenly realized that this would only really take effect in 2013.’’
Once stung, Mr. de Larouzière was left too wary to buy Spanish debt. He was not the only one. By Monday afternoon, with few takers, yields were rising again. That made the headlines Tuesday, in turn fueling another rise. A week after the summit meeting, rates were higher than on the eve of the talks.
That kind of negative perception can be infectious, particularly when mixed with real data from governments that have grown increasingly alarming. These days Mr. de Larouzière says, ‘‘Italian bond yields should not be where they are,’’ meaning the country’s progress in making policy overhauls was better than it was being given credit for. But he is still selling his Italian debt, fearing that a tsunami of collective pessimism will make it harder for Rome to raise the ¤100 billion it needs this year.
‘‘This is less about economic fundamentals and more about fundamental human emotions it’s about fear,’’ he said. ‘‘Default? Breakup of the euro zone? That sort of thing was just not on the radar’’ just a few years ago.
Those concerns are new for most traders who came of age when much of Europe carried a triple-A credit rating. The picture has changed so quickly that Mr. Konrad, though not yet 30, has straddled the two eras.
On the R.B.S. trading floor, Mr. Konrad sits behind a wall of real-time numbers: yields, futures and a spreadsheet with color-coded bond issues flicker across seven computer screens. There is a calculator on his desk.
But these days his history degree comes in handy. To come up with the 600-plus price quotes a day he makes for his bonds about one a minute Mr. Konrad’s assessment of a country’s election results is in many ways as important as its latest G.D.P. report.
Illustrating the point, Mr. Skeet, his colleague at R.B.S., stands in front of a flip chart with a large red marker, drawing an ever denser web of feedback loops underpinning market sentiment, which he described as ‘‘a complex, volatile mixture of informed insight combined with gut feel and herd instinct.’’
As someone who has studied German and French literature, Mr. Skeet worries that modern markets are not prepared for this new world. ‘‘Some people are too reliant on models without asking questions,’’ he said. ‘‘We ought to go from a highly technical, data-driven, data-sensitive approach to a more intuitive, qualitative approach.’’
Mr. Konrad is the only one with a humanities degree on his desk. The other four have either mathematics or science degrees, like most traders on the floor.
While Mr. Konrad spends part of his time trying to gauge shifting political currents, his more mathematically minded colleagues model his thoughts for trading purposes. The results are not always consistent, he conceded. ‘‘There is some irrationality to the market,’’ he said.
______
Anonymous recommends flying the flag upside down, a traditional signal of distress...
BOYCOTT THE US PRESIDENTIAL ELECTION! It only legitimizes the illegitimate... 12-04-15 2012 Presidential election votes will be counted in Spain
http://www.scribd.com/doc/89464081/
OCCUPY! 11-12-10 Where should Occupy go next? Civil Disobedience in the footsteps of Thoreau and Gandhi!
http://www.scribd.com/doc/75348301/12-06-08 Courts and Judges as racketeering enterprises under RICO (the Racketeer Influenced and Corrupt Organizations Act) - key element in the current financial crisis
http://www.scribd.com/doc/96504009/
GET UP, STAND UP, STAND UP FOR YOUR RIGHTS!_______
12-08-07 Featured on Woopie...
http://www.woopie.jp/video/watch/172655f4877fcfcf
English Translation:
"This video will be played to jump this site?"
People's Reporting in the Medieval-Digital Era Items
この動画は掲載元サイトへジャンプして再生されます
12-08-07 Facebook Art: Oligarchy
Truth Be Known's photo.
![[]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vorIc2RGLXK1kaUaDsboCIGhYpBj69JPfBjDeP2pOjlGbE6TmW6ogYjjEQXTFtvFxk72fxpXTdLLzHDWSE4Chk2WfH9-06XXeANCUk8HmgKteLE8XvtPmKVwsDCEjDvNzwSjfVBe9LcvNJnpwQ2GrNe5NUDJz9OmHxkdBJ_oQcZ6g=s0-d)
Definition of OLIGARCHY
1) government by the few
2) a government in which a small group exercises control especially for corrupt and selfish purposes; also : a group exercising such control
3) an organization under oligarchic control
______
Anonymous recommends flying the flag upside down, a traditional signal of distress...
BOYCOTT THE US PRESIDENTIAL ELECTION! It only legitimizes the illegitimate...
12-04-15 2012 Presidential election votes will be counted in Spain
http://www.scribd.com/doc/89464081/
OCCUPY!
11-12-10 Where should Occupy go next? Civil Disobedience in the footsteps of Thoreau and Gandhi!
http://www.scribd.com/doc/75348301/
12-06-08 Courts and Judges as racketeering enterprises under RICO (the Racketeer Influenced and Corrupt Organizations Act) - key element in the current financial crisis
http://www.scribd.com/doc/96504009/
GET UP, STAND UP, STAND UP FOR YOUR RIGHTS!
_______
Definition of OLIGARCHY
1) government by the few
2) a government in which a small group exercises control especially for corrupt and selfish purposes; also : a group exercising such control
3) an organization under oligarchic control
______
Anonymous recommends flying the flag upside down, a traditional signal of distress...
BOYCOTT THE US PRESIDENTIAL ELECTION! It only legitimizes the illegitimate...
12-04-15 2012 Presidential election votes will be counted in Spain
http://www.scribd.com/doc/89464081/
OCCUPY!
11-12-10 Where should Occupy go next? Civil Disobedience in the footsteps of Thoreau and Gandhi!
http://www.scribd.com/doc/75348301/
12-06-08 Courts and Judges as racketeering enterprises under RICO (the Racketeer Influenced and Corrupt Organizations Act) - key element in the current financial crisis
http://www.scribd.com/doc/96504009/
GET UP, STAND UP, STAND UP FOR YOUR RIGHTS!
_______
Monday, August 6, 2012
12-08-07 Facebook Art: Militarized Police in the United States
Patriot News's photo.
![[]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vJOm-_oCXZEHxP_IcCPIS1ef541cB-sdQVrabixbGLdtsJ7Hwd2wi9vYFN-NzWmi8KXvgHffYltb5VpZHD9VkGTFhKsX5RomZDiMouJxzOSqdcOjTgZTSMjKYDBtq6kIL5kCNhtYNAbNUUrlosqi0SYit2In-tPxMokqHmQYFvhnk=s0-d)
2700 of these now in America...this is a treasonous violation of the Constitution's prohibition against military policing of the country
Get HAM radios, cbs, ...
12-08-05 משה סילמן ז"ל - בקשה לפסילת הרשם/שופט מחוזי בפועל חגי ברנר בתיקים בבית המשפט המחוזי בתל-אביב.
משה סילמן ז"ל
ירושלים, ה-5 באוגוסט – ד"ר יוסף צרניק, סייג
לזכויות האדם (NGO), הגיש בקשה לפסילת הרשם/שופט מחוזי
בפועל חגי ברנר בתיקים של משה סילמן בבית המשפט המחוזי בתל-אביב.[1]. מכתבו האחרון
של משה סילמן ז"ל הטיח טענות חמורות כנגד בית המשפט המחוזי בתל-אביב. [2]
הבקשה טוענת ש:
-
"קיים
חשש ממשי שחגי ברנר נהג ונוהג במשוא פנים בתיקים" ו- "חשש זה
מבוסס על נסיבות אובייקטיביות"
-
"יש
לראות בהתנהלותו של חגי ברנר בתיקים אלה 'משחק מכור' "
-
קיים
"חשש ממשי שהתנהלות בית המשפט, ובכלל זאת הרשם/שופט מחוזי בפועל חגי
ברנר, בתיקים אלה היתה מחוץ למסגרת החוק"
-
"קיים
חשש ממשי שהרשם/שופט מחוזי בפועל
חגי ברנר מצוי עתה בניגוד עניינים" לגבי גילוי כתבים נוספים בתיקים
אלה.
תלונתה
של לשכת עורכי הדין נגד השופטת אלשייך, הנובעת גם היא מכיזוב כתבים בבית המשפט
המחוזי בתל-אביב עדיין תלוייה ועומדת .
http://www.scribd.com/doc/102126857/
[2] 12-07-14 Moshe Silman sets himself on fire in a Tel Aviv social protest, leaves a letter
http://www.scribd.com/doc/100289353/
[3] 12-06-04 Human Right Alert's Appendix to Submission; 15th UPR Working Group Session (Jan-Feb 2013) - State of Israel: Integrity, or lack thereof, of the electronic record systems of the courts of the State of Israel
http://www.scribd.com/doc/82927700/
[4] 10-04-19 Human Rights Alert (NG0) submission to the United Nations Human Rights Council for the
2010 Review (UPR) of Human Rights in the United States as incorporated into the UPR staff report, with a note referring to "corruption of the courts and the legal profession in California".
http://www.scribd.com/doc/38566837/
[5] 12-07-07 Biographical Sketch Joseph Zernik, PhD
http://www.scribd.com/doc/46421113/
_________
Joseph Zernik, PhD [5]
Human Rights Alert (NGO)
Human Rights Alert online
http://inproperinla.blogspot.com/
Flag Counter: 140
http://www.scribd.com/Human_Rights_Alert
Total Reads: 868,060
Followers: 1,547
http://www.scribd.com/SeyagLizhuyotHaadam
Total Reads: 50,147
http://twitter.com/inproperinla
http://www.liveleak.com/user/jz12345
Total Item Views: 664,803+304,012
http://www.examiner.com/x-38742-LA-Business-Headlines-Examiner
http://www.facebook.com/joseph.zernik
Facebook Friends: 3,206
_____________________________
Take away justice, then, and what are governments but great bandit bands?
Saint Augustine, Civitas Dei (City of God,4.4)
_____________________________
12-08-05 Moshe Silman, Israeli self-immolated social protest activist, and the justice system of the State of Israel – Disqualification Statements against Judge Hagai Brenner
The last letter of the late Moshe Silman, self-immolated Israeli social protest activist, levels serious charges against the District Court. The Disqualification Statements claim that there is "material concern that Judge Hagai Brenner's conduct was and is outside the framework of the law," relative to simulated proceedings and simulated court records in this matter, where Brenner purportedly denied an appeal from his own decision.
View as PDF (Hebrew and English): http://www.scribd.com/doc/101953721/ ; Full English text below.
![[]](https://mail.google.com/mail/?ui=2&ik=5c7629aba9&view=att&th=138fa9ff32e8622f&attid=0.1&disp=emb&zw&atsh=1)
Jerusalem and Los Angeles, August 5 - Joseph Zernik, PhD, of Human Rights Alert (NGO) has filed Disqualification Statements against Registrar/De Facto District Judge Hagai Brenner of the Tel-Aviv District Court in cases related to the late Moshe Silman. [1]
The last letter of the late Moshe Silman, self-immolated Israeli social protest activist, levels serious charges against the District Court. [2]
The Disqualification Statement lists three main findings in the records, discovered so far:
Complaint, filed by the Israel Bar Association against Assistant Presiding Judge of the Tel-Aviv District Court, relative to the production of falsified court records, is still pending.
The 2012 submission of Human Rights Alert to the Human Rights Council of the United Nations, regarding the State of Israel, titled "Integrity or lack thereof, of the electronic record systems of the courts of the State of Israel," is scheduled for review in early 2013. [3]
IBM and EDS, US-based corporations, were involved in the implementation of the fraudulent electronic record systems of the State of Israel over the past decade . Similar systems had been implemented in the state and federal courts in the United States a couple of decades earlier. The 2010 submission of Human Rights Alert to the Human Rights Council (HRC) of the United Nations, regarding the United States, was reviewed by the HRC professional staff and incorporated in the official HRC Professional Staff Report with a note referring to “corruption of the courts and the legal profession and discrimination by law enforcement in California.” [4]
LINKS:[1]12-08-05 Moshe Silman v Social Security and State of Israel (1752/08 and 6909-01-10) in the Tel Aviv District Court - Disqualification Statements against Judge Hagai Brenner (Heb + Eng)
http://www.scribd.com/doc/102126857/ [2] 12-07-14 Moshe Silman sets himself on fire in a Tel Aviv social protest, leaves a letter
http://www.scribd.com/doc/100289353/ [3] 12-06-04 Human Right Alert's Appendix to Submission; 15th UPR Working Group Session (Jan-Feb 2013) - State of Israel: Integrity, or lack thereof, of the electronic record systems of the courts of the State of Israel
http://www.scribd.com/doc/82927700/
[4] 10-04-19 Human Rights Alert (NG0) submission to the United Nations Human Rights Council for the
2010 Review (UPR) of Human Rights in the United States as incorporated into the UPR staff report, with a note referring to "corruption of the courts and the legal profession in California".
http://www.scribd.com/doc/38566837/
[5] 12-07-07 Biographical Sketch Joseph Zernik, PhD
http://www.scribd.com/doc/46421113/
_________
Joseph Zernik, PhD [5]Human Rights Alert (NGO)![[]](https://mail.google.com/mail/?ui=2&ik=5c7629aba9&view=att&th=138fa9ff32e8622f&attid=0.2&disp=emb&zw&atsh=1)
Human Rights Alert online![[]](https://mail.google.com/mail/?ui=2&ik=5c7629aba9&view=att&th=138fa9ff32e8622f&attid=0.3&disp=emb&zw&atsh=1)
http://inproperinla.blogspot.com/ Flag Counter: 140http://www.scribd.com/Human_Rights_Alert Total Reads: 868,060 Followers: 1,547http://www.scribd.com/SeyagLizhuyotHaadam Total Reads: 50,147http://twitter.com/inproperinla
http://www.liveleak.com/user/jz12345 Total Item Views: 664,803+304,012
http://www.examiner.com/x-38742-LA-Business-Headlines-Examiner http://www.facebook.com/joseph.zernik Facebook Friends: 3,206_____________________________
Take away justice, then, and what are governments but great bandit bands?Saint Augustine, Civitas Dei (City of God,4.4)
_____________________________
View as PDF (Hebrew and English): http://www.scribd.com/doc/
Jerusalem and Los Angeles, August 5 - Joseph Zernik, PhD, of Human Rights Alert (NGO) has filed Disqualification Statements against Registrar/De Facto District Judge Hagai Brenner of the Tel-Aviv District Court in cases related to the late Moshe Silman. [1]
The last letter of the late Moshe Silman, self-immolated Israeli social protest activist, levels serious charges against the District Court. [2]
The Disqualification Statement lists three main findings in the records, discovered so far:
- Commencing paper and the first decision in this matter were registered under a case number that the office of the Clerk of the District Court claims has never existed.
- Other electronic records ("Decision" and "Protocol"), are not original court records.
- De Facto Judge Hagai Brenner purportedly denied the appeal from Registrar Hagai Brenner's Decision in the civil complaint.
- There is "material concern that Judge Hagai Brenner is biased," "based on objective circumstances";
- There is "material concern that Hagai Brenner's conducts should be deemed a 'sold game' ;"
- There is "material concern that Judge Hagai Brenner's conduct was and is outside the framework of the law," relative to simulated proceedings and simulated court records, and
- There is "material concern that Judge Hagai Brenner is now in a conflict of interest," relative to the discovery of any further records in this matter.
Complaint, filed by the Israel Bar Association against Assistant Presiding Judge of the Tel-Aviv District Court, relative to the production of falsified court records, is still pending.
The 2012 submission of Human Rights Alert to the Human Rights Council of the United Nations, regarding the State of Israel, titled "Integrity or lack thereof, of the electronic record systems of the courts of the State of Israel," is scheduled for review in early 2013. [3]
IBM and EDS, US-based corporations, were involved in the implementation of the fraudulent electronic record systems of the State of Israel over the past decade . Similar systems had been implemented in the state and federal courts in the United States a couple of decades earlier. The 2010 submission of Human Rights Alert to the Human Rights Council (HRC) of the United Nations, regarding the United States, was reviewed by the HRC professional staff and incorporated in the official HRC Professional Staff Report with a note referring to “corruption of the courts and the legal profession and discrimination by law enforcement in California.” [4]
LINKS:[1]12-08-05 Moshe Silman v Social Security and State of Israel (1752/08 and 6909-01-10) in the Tel Aviv District Court - Disqualification Statements against Judge Hagai Brenner (Heb + Eng)
http://www.scribd.com/doc/
http://www.scribd.com/doc/
http://www.scribd.com/doc/
[4] 10-04-19 Human Rights Alert (NG0) submission to the United Nations Human Rights Council for the
2010 Review (UPR) of Human Rights in the United States as incorporated into the UPR staff report, with a note referring to "corruption of the courts and the legal profession in California".
http://www.scribd.com/doc/
[5] 12-07-07 Biographical Sketch Joseph Zernik, PhD
http://www.scribd.com/doc/
_________
Joseph Zernik, PhD [5]Human Rights Alert (NGO)
Human Rights Alert online
http://inproperinla.blogspot.
http://www.liveleak.com/user/
http://www.examiner.com/x-
Take away justice, then, and what are governments but great bandit bands?Saint Augustine, Civitas Dei (City of God,4.4)
_____________________________
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