Argentina's President Cristina Fernandez de Kirchner (C) addresses the
audience during a meeting of the annual Mercosur trade bloc presidential
summit in Mendoza June 29, 2012. (Credit: Reuters/Enrique Marcarian)

Chinese leader woos Latin America with deals

Chinese leader woos Latin America with deals
Chinese President Xi Jinping (4-L, first row) poses with leaders of the CELAC group of Latin American and Caribbean states, in Brasilia, on July 17, 2014 (AFP Photo/Nelson Almeida)
"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)


.
A student holds a sign reading "Don't shoot, listen!!!" during a protest
on June 17, 2013 in Brasilia (AFP, Evaristo)

Brazil's Rousseff claims nation 'ready for greatest World Cup'

Brazil's Rousseff claims nation 'ready for greatest World Cup'
Google: Ready, set, goooaaallll! The WorldCup is finally here.

Paraguay police search S. American football HQ

Paraguay police search S. American football HQ
The Conmebol headquarters in Luque, Paraguay, is seen on January 7, 2016, during a raid within the framework of the FIFA corruption scandal (AFP Photo/Norberto Duarte)

'Panama Papers' law firm under the media's lenses

'Panama Papers' law firm under the media's lenses
The Panama Papers: key facts on the huge journalists' investigation into tax evasion (AFP Photo/Thomas Saint-Cricq, Philippe Mouche)

Mossack Fonseca

Mossack Fonseca

.

.
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Friday, June 24, 2011

Europe aims to set the credit rating rules

Deutsche Welle, 24 June 2011

Europe wants to ensure ratings
agencies operate by EU rules
The European Securities and Markets Authority (ESMA) warns US credit ratings agencies that they will need to play by EU rules if they want a license to continue operating within the bloc.

The head of the European Securities and Markets Authority, Steven Maijoor, said Europe wants to break the monopoly currently held by major US ratings companies, and enforce its own operating regulations.

"We shouldn't blindly adopt the regulatory system of a third country," Maijoor told the Financial Times Deutschland, referring to the guidelines governing the behavior of ratings companies in the United States.

He said any agency seeking a license to operate within Europe would be expected to supply extensive paperwork with their application. ESMA said this has not yet been forthcoming.

The biggest agencies, Fitch, Moody's and Standard and Poor's, the latter two of which are American, have been widely criticized since the global financial meltdown.

"Everyone knows that after the crisis there was a big problem with ratings agencies, and that was a conflict of interest," Philip Whyte, senior research fellow with the Centre for European Reform in London told Deutsche Welle. "The people's whose papers were being rated were the people who paid the agencies."

Mixed messages

Greece's ratings have been slashed by Standard and Poor

Yet he added that it is sometimes hard to disentangle what politicians say about the behavior of the agencies in the run up to the financial crisis and what they are saying now in the face of sovereign debt woes.

"Either politicians want them to be independent and to do a good job of rating paper, or they want them to be political puppets who respond to European political pressure," Whyte said. "But they can't have it both ways."

For the past year, Europe has been promising to curb the power of the major three agencies, which the Financial Times Deutschland reported as having a collective market share of 95 percent. Although as of July 1, ESMA will hold the sole responsibility for the supervision of credit rating agencies in Europe, Fitch, Moody's and Standard and Poor's will remain the major players.

In a recent EU report on the reform of the ratings industry, Wolf Klinz, a German member of the European Parliament, called on central banks, investors and private banks to practice risk assessment themselves, thereby reducing dependency on the main agencies.

He also said ratings companies should be held accountable for the economic consequences of their actions.

"When the agencies say they are only expressing opinions, it is inaccurate," Klinz said in his report. "What we need is greater responsibility and accountability."

A European ratings entity

Fitch is owned by a European financial group

The MEP is one of many EU politicians, including Jean-Claude Juncker, chairman of the group of eurozone finance ministers, to back the proposal of the creation of a European ratings agency.

But as Nicolas Veron, a senior fellow with the European think tank Bruegel, was quick to point out, the idea is a very old one, and would be hard to pull off.

"I am not exactly sure what is desired here," he told Deutsche Welle. "If it is a state controlled ratings agency, it would be hard to establish credibility, and it if is about creating a state monopoly, I think it would be a non-starter."

The future of Frankfurt

On Friday, Roland Berger Strategy Consultants announced that it is in talks with the German state of Hesse, the association Frankfurt Main Finance and the Frankfurt Stock exchange "in order to promote, establish and develop a European rating agency in Frankfurt am Main."

Could Frankfurt become home to
an European ratings agency?
The company's global head of risk management, Markus Krall, said in a statement that it was crucial to "reduce conflicts of interest and restore credibility of and confidence in ratings." He added that Roland Berger was inviting companies and institutions across Europe to participate in setting up the initiative.

Whyte, however, said he is skeptical of both the wish and the need for such an entity. He said he believes the EU is angry with rating agencies for downgrading sovereign debt and is looking for ways to make them stop.

"They always think Anglo-Saxons have an inherent bias and that an EU agency would be more balanced," he said. "But one person's balance is another person's susceptibility to political pressure."

Reporter: Tamsin Walker
Editor: Sean Sinico

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