Researchers have unearthed a decade-long espionage operation that used the popular TeamViewer remote-access program and proprietary malware to target high-level political and industrial figures in Eastern Europe.

Fortum Advances to 10-Month High on Windfall Cut

Fortum Oyj (FUM1V), the biggest utility in Finland, gained to a 10-month high in Helsinki as the government decided to cut the amount it plans to raise from a windfall tax.

The company climbed 3.4 percent to 15.82 euros, the highest level since May 15

[...]

"For Fortum, this means a relief of about 60 million euros annually," Karri Rinta, an analyst at Svenska Handelsbanken AB, said by phone. "This shows that the political risk involving utilities in the Nordic countries is clearly lower than in Southern Europe and perhaps elsewhere in the region."

Fortum generates electricity from nuclear and hydropower.

Muss ich dass auf Deutsch übersetzen?

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

My Number One Son is currently in Prague - the half way point - a day early on his sponsored hitch-hike from Sheffield University to Vilnius (I shudder at the weather forecast there).

Any ideas for what he and his co-hitchers should see/do tomorrow in Prague?  

Oh, and all sponsorships gratefully received, no matter how small!

"The future is already here -- it's just not very evenly distributed" William Gibson

Like the U.S. Federal Reserve, the Reichsbank was overseen by appointed government officials, but was operated for private gain. What drove the wartime inflation into hyperinflation was speculation by foreign investors, who sold the mark short, betting on its decreasing value. In the manipulative device known as the short sale, speculators borrow something they don't own, sell it, and then "cover" by buying it back at the lower price.

Speculation in the German mark was made possible because the PRIVATELY OWNED Reichsbank (not yet under Nazi control) made massive amounts of currency available for borrowing. This currency, like U.S. currency today, was created with accounting entries on the bank's books. Then the funny-money was lent at compound interest. When the Reichsbank could not keep up with the voracious demand for marks, other private banks were allowed to create marks out of nothing, and to lend them at interest. The result was runaway debt and inflation.

Thus, according to Schacht himself, the German government did not cause the Weimar hyperinflation. On the contrary, the government (under the National Socialists) got hyperinflation under control. The National Socialists put the Reichsbank under strict government regulation, and took prompt corrective measures to eliminate foreign speculation. One of those measures was to eliminate easy access to funny-money loans from private banks. Then Hitler got Germany back on its feet by having the public government issue Treasury Certificates.

Schacht , the Rotchschild agent, disapproved of this government fiat money, and wound up getting fired as head of the Reichsbank when he refused to issue it. Nonetheless, he acknowledged in his later memoirs that allowing the government to issue the money it needed did not produce the price inflation predicted by classical economic theory, which says that currency must be borrowed from private cartels.

What causes hyper-inflation is uncontrolled speculation. When speculation is coupled with debt (owed to private banking cartels) the result is disaster. On the other hand, when a government issues currency in carefully measured ways, it causes supply and demand to increase together, leaving prices unaffected. Hence there is no inflation, no debt, no unemployment, and no need for income taxes.

Naturally this terrifies the bankers, since it eliminates their powers.

there is some ugly stuff i omitted for the sake of good taste, that's tangential. what interests me is the economic, financial and monetary aspects of the story, and most of all, if there's any truth in, or is it debunkable, or just debancable?


'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

Celle Hole (German: Celler Loch) is a breach in the outer wall of the prison of Celle, Germany. First used on July 25, 1978, the name was part of a campaign by one of the West German secret services (Landesbehörde für Verfassungsschutz) and the GSG 9 in an attempt to lay blame on the Red Army Faction, West Germany's most active and prominent left-wing terrorist group. However, the incident was revealed in 1986 to be a plot by the government, much to the embarrassment of the government. The Verfassungsschutz used the name 'Operation Fire Magic' (German: Aktion Feuerzauber).

More recently there appeared an affidavit (German/pdf) by German historian Andreas Kramer claiming that his father was involved in several false flag terror attacks in the 80s as operational leader of the Stay-Behind Network in Germany.