The Montreal Family - Stage Six

Partly cubist symbolic!

Feeling more comfortable with this now.
Personalities are starting to appear!
Need theme to develop to place them in context of larger aspect.

RT

Cosmic Explosion - I Quit Here

This is a point of understanding. The cosmos is my own brain. As I
look out I am looking within! What we regard as the very large is
the very small that our eyes enable us to see in a convoluted manner.
As we go out of our world scale into the very large, we enter the very
small world, our inner world. To travel outward, we must travel
inward. What we see is an illusion that can only be reached by
transforming our very nature into an entity that is extremely small
like a ray of light, but in so doing we lose our very essense as an
observer of the world around us. Our observation of reality and the
impressions on our mind is our reality!

RT

Cosmic Explosion - Stage 6

I can forget which stage the image is at, but the intent is only to
show a sequence of increased impression. Each layer adds to
understanding and is cummulative as aspects of lower layers are hidden
from view. Thus one builds a more realistic impression of reality
until the view is clear and exact, more specific and the result if
hard work and direction!

RT

Cosmic Explosion - Stage 5

My mind tells me it is the Hubble satellite and not Huxtable, though
perhaps that was a Freudian slip!
In any event the naked eye cannot see something so large! Makes one
think what else we are blind to!

RT

Cosmic Explosion - Stage 4

Cosmic Explosion - Stage 3

Hi!

This is the start of an impression of a photograph of a super nova
exploding. The super explosion is too small for the naked eye to see
without the Huxtable Satellite and its monster lens, yet too large for
the human mind to comprehend, it is a very strange creature indeed.
It is so large that the earth cannot even be rendered as a pixel in
it's scale, the earth being almost the size of nothing. Despite all
that there us a strong organization of matter and forces which are
truly awesome hense the attempt to get a personal impression

RT

Wave Rider - Stage Three

Storm cutting into the scene from the right!

Differences of Behaviour Between American and British Banks

I was startled to hear the responses of American bankers to the
questions asked at the Bear Stearns Hearings. In Britain, there was
once an unwritten rule that the figures published on third Wednesdays
of the month were representative of the banks balance sheets during
the whole month. The object of publication was to show compliance
with the spirit of the law. It was a surprise that American banks
operating in the UK did not enter inti thus spirit and as a result
cane begging fir finance on the make up days causing all sorts of
market upheaval.

Now the hearings are revealing to British bankers that in the USA it
is the norm not to adhere to any spirit of the law. It is accepted as
the norm to break the spirit of financial cooperation. It is not
surprising that the paria/diease of the world banking systems comes
from America.

There will be continuing turmoil in financial markets so long as US
banks misbehave in what other communities see as criminal behaviour,
and certainly not in the spirit of the law.

This necessitates a publication of the banks' balance sheets on a
daily basis!

How to Improve the Stability of World Financial Markets

If you were watching the TV broadcast of the US Congressional Hearings
for certain US banks, and had the experience of large bank balance
sheet management that I have had, you would have to conclude that
there is one way to improve the transparency of the banking systems
worldwide and and the same time help prevent a future crisis.

The answer is simply that of updating the reporting of banks to their
central authorities so that it can begin to meet the challenges of the
information age.

At the very least this is to enforce with huge penalties for none
compliance a daily business reporting system of the banks balance
sheets. At Barclays in 1978 the whole balance sheet was managed on a
daily basis. It is simple! In an information age it is a no brainer!

Second, is the enforcement of liquidity and capitalization
requirements on a daily basis. This is also very easy to achieve.

Third is the regulation of maturity mismatch on a daily basis!

Fourth iis the raising of precautionary deposit balances with central
authorities.

Fifth is the limitation of borrowed funds for acquisitions. Control
of the financing of acquisitions to profit earnings would reduce the
merger mania.

Sixth is the international taxation of salaries of executives based on
moving five year averages for the industry and geometric profit
performance measures.

Seventh is measures of deviation from best practice published daily.

As always, the issues are not confined to any single view of markets
and a further list of measures will be forthcoming!

P5 Sweep - Stage 5

Not sure how much spray to add and still not satisfied with wave steps!