Historian Transcript By kktwahoo & kaycee
[kktwahoo] Historian on now Update on LIBOR
[kktwahoo] Royal Bank of Scotland - about to announce their penalities etc.
[kaycee] They will be charging some folks that broke laws telegraph in Britain In some places it's not even reported major lawsuits coming out yet it's not reported at all in some places I believe it's a small piece of the overall financial system and the problems with that Maybe we should be changing things don't really think that LIBOR will result in anything that triggers changes in our financial system
[kaycee] Another interesting thing is about the BBC world poll ] background of country by country In particular wanted to know the percentage of changes in the economic system
[kaycee] People are affected by changes - cost of food, ability to get credit, etc. The average is over 2/3 of the population, generally agrees
[kaycee] The graph shows dark blue of people that think there should be change evidence of the populations viewpoint We don't seem to be able to influence a lot
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[kktwahoo] What they need if for even little peeps of world to have an opinion We need to agree to things and buy into what was done
[kaycee] They know that the majority of people in the world want those changes to occur Existing financial system is full of fraud
[kktwahoo] Majority of people in world want these major changes to take place When changes come, people will be more ready
[kaycee] My view is that a lot of that is just setting up the rationale for bringing in changes When it comes they won't be in shock when it does happen it will be "thank goodness, they finally did something" Can't predict when we will see it Those that are obstructing it are now running into trouble anyone have any thoughts on that?
[kktwahoo] I do see constantly increasing signs that we are moving toward that I see a bit of a change now - those obstructing are running into trouble now Any thoughts?
[kaycee] Historian - there are things that I have not even mentioned Things I have been aware of for years and cannot say anything about
[kktwahoo] Sometimes I have to say not a word I think we will be seeing major change Will radically alter how we look at life
[kaycee] Focus on getting your exchange when it happens whatever you do, don't try to take any radical action Will be significant adjustment for the world
[kaycee] They will still be adjusting 25 years from now will be life changing lots of things will be changing into a context that we have not seen before
[kaycee] Just remember "Ron Paul"
[kktwahoo] Life will be changed to a context we have not seen before