☆ European Court Of Justice (ECJ) Reins In Personal Privacy Violations

News Analysis: The European Court Of Justice (ECJ) Reins In Personal Privacy Violations by Declaring: A shorter time limit on Data Retention; Location of the Retention is to stay in Europe; and, Types of Information Sought and Stored is Circumspect.

One can imagine the American “Fourth Amendment Usurpers”(FAU’s) in Washington, D.C., will not be happy with the ‘ECJ’ Ruling. Attorneys Specializing in Constitutional Law Matters in America might use the ‘ECJ’ Ruling to try and thwart the “Privacy Theft So Terrorists Can Be Caught Metadata Technique” being used World-Wide by America on EVERYONE.

Long time Observers who analyze the Machinations of the U.S. Government will presume that after “All is Said And Done” by Civil Rights Organizations, Constitutional Attorneys, and Privacy Advocates, things will be “Same-O”, “Same-O”. The present behavior by the Intelligence Agencies will  “Stay The Course” all the while their saying that they have “Seen the Light” and are complying with Loyal Americans who want the Privacy Intrusions Stopped.

One might think the U.S. Supreme Court, rather than agreeing with the European Court of Justice, will instead, allow the ‘FAU’s’ to continue their Skulduggery. The Supreme Court may agree that “Looking For Terrorists Behind Every Bush is Legal as to Americans”; as to the rest of the World’s Population, “That Subject is not under Its Constitutional Purview”. Ergo, “Same-O”, “Same-O”.

Reality.

Reference: http://tinyurl.com/qjffok5

Chinese Banks Increase Interest In Luxembourg

News Analysis: Since Luxembourg is very adept at running its affairs properly, Chinese Banks have expressed interest in locating some Operations there. To date, the Bank of China, China Construction Bank, and the Industrial and Commercial Bank of China have located in Luxembourg. Apparently, other Chinese Banks are considering enjoying the benefits of operating in a Well-run European Country.

Luxembourg is of 2,586 km2 (998 mi2) and a financially stable Country of 515,000+/- People. It enjoys its closeness to Belgium, France, and Germany. This country’s Gross Domestic Product amounts to $42+ Billion Dollars. Luxembourg reportedly has $1+ Trillion Dollars of Foreign Reserves and Gold Reserves.

The Wisdom of the 10,000 Year Old Culture of China helps its people see the benefit of seeking Long-Term Amiable Relationships with others. Who is  better to fit this Categorization for Association with the Chinese than Luxembourg? Few, if Any.

Reality.

Reference: http://www.wort.lu/en/view/chinese-arms-company-invests-in-luxembourg-52e23332e4b0d04608bfb22f

☆ Luxembourg’s Banque et Caisse d’Epargne de l’Etat (BCEE) Flies Through “Stress Test”

News Analysis: The Bank in Luxembourg: Banque et Caisse d’Epargne de l’Etat performed very well in its being reviewed by European Banking Authorities. It has a 16.3% Liquidity Ratio, well above a required minimum of 9% as derived from  “Basel Accord” Provisions.

The ‘Liquidity Coverage Ratio’ is set up so Financial Institutions can survive “Tremors” in short-timed liquidity situations. By holding a certain percentage of High-Liquidity Assets such as Treasury Bonds or Cash (the equivalent of or greater than the Bank’s Net Cash over thirty days time), a Bank is deemed to be “Less Stressed” since it has a minimum of 100% containment.  

The effects to possible Borrowers at a Bank is that it has less money available for short term loans.

‘BCEE’ performs with a Professionalism much in consonance with the Economic Awareness And Good Practices of other Monetary Elements in Luxembourg (which is of International Financial Renown).

Reality.

Reference: http://www.wort.lu/en/view/luxembourg-s-bcee-a-model-student-52b00f6ae4b006edcdac8714

China Construction Bank Opens Its European Headquarters in Luxembourg

News Analysis:  A goal of omnipresent use of the Chinese Yuan [Renminbi] , throughout the international banking community, will be facilitated by such bank openings. An increase in Yuan bank deposits in a multitude of countries will assist this process.

Present U.S. Dollar denominated banking will subside over the years as the profligate spending by U.S. Government leaders remains unabated. The current, for the moment, $17,000,000,000,000.00 deficit cannot logically be expected to be paid off in the foreseeable future [especially with the present-day thinking in Washington]. As a result of the financial debacle in America, being maintained by “U.S. Financial Masters of the Universe”,  ‘Print More Money’ has been, is, and will be, their clarion call. Due to the fact that there is ‘little to back the Dollar up’, Arbitrageurs will look to other currencies for strength.

Reference: http://tinyurl.com/mteyzfy