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	Comments on: ETFs a warning.	</title>
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	<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/</link>
	<description>Author of THE DEBT GENERATION</description>
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		<title>
		By: Roger G Lewis		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-678927</link>

		<dc:creator><![CDATA[Roger G Lewis]]></dc:creator>
		<pubDate>Sun, 17 Nov 2019 06:05:37 +0000</pubDate>
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					<description><![CDATA[ETF&#039;s a warning from @DavidGolemXIV  David Malone is ( D’Artagnan) #4Pamphleteers @GrubStreetJorno @Survation @wiki_ballot @financialeyes  #WIKIBALLOTPICK #IABATO #SAM #GE2019 #MagicMoneyTree https://longhairedmusings.wordpress.com/2019/11/17/etfs-a-warning-from-davidgolemxiv-david-malone-is-dartagnan-4pamphleteers-grubstreetjorno-survation-wiki_ballot-financialeyes-wikiballotpick-iabato-sam-ge2019-magicmoneytree/]]></description>
			<content:encoded><![CDATA[<p>ETF&#8217;s a warning from @DavidGolemXIV  David Malone is ( D’Artagnan) #4Pamphleteers @GrubStreetJorno @Survation @wiki_ballot @financialeyes  #WIKIBALLOTPICK #IABATO #SAM #GE2019 #MagicMoneyTree <a href="https://longhairedmusings.wordpress.com/2019/11/17/etfs-a-warning-from-davidgolemxiv-david-malone-is-dartagnan-4pamphleteers-grubstreetjorno-survation-wiki_ballot-financialeyes-wikiballotpick-iabato-sam-ge2019-magicmoneytree/" rel="nofollow ugc">https://longhairedmusings.wordpress.com/2019/11/17/etfs-a-warning-from-davidgolemxiv-david-malone-is-dartagnan-4pamphleteers-grubstreetjorno-survation-wiki_ballot-financialeyes-wikiballotpick-iabato-sam-ge2019-magicmoneytree/</a></p>
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		<title>
		By: datpiff mixtapes		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-143179</link>

		<dc:creator><![CDATA[datpiff mixtapes]]></dc:creator>
		<pubDate>Sun, 05 Jan 2014 12:29:35 +0000</pubDate>
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					<description><![CDATA[I am not sure wherever you will be having your information, nevertheless excellent subject. I have to devote more time to mastering additional or even knowing extra. Thank you for superb info I had been on the lookout for these records in my vision.]]></description>
			<content:encoded><![CDATA[<p>I am not sure wherever you will be having your information, nevertheless excellent subject. I have to devote more time to mastering additional or even knowing extra. Thank you for superb info I had been on the lookout for these records in my vision.</p>
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		<title>
		By: freddie mac		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-141628</link>

		<dc:creator><![CDATA[freddie mac]]></dc:creator>
		<pubDate>Sat, 07 Dec 2013 21:19:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-141628</guid>

					<description><![CDATA[Hello there, I hopped over to your web site via Facebook. Not some thing I ordinarily read through, however I enjoy your views nevertheless. Many thanks for generating something worthy of reading through!]]></description>
			<content:encoded><![CDATA[<p>Hello there, I hopped over to your web site via Facebook. Not some thing I ordinarily read through, however I enjoy your views nevertheless. Many thanks for generating something worthy of reading through!</p>
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		<title>
		By: Just me		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-138219</link>

		<dc:creator><![CDATA[Just me]]></dc:creator>
		<pubDate>Fri, 26 Jul 2013 11:12:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-138219</guid>

					<description><![CDATA[&quot;tax prison&quot;

http://www.keeptalkinggreece.com/2013/04/18/greek-govt-seeks-military-camp-to-serve-as-prison-for-state-debtors/]]></description>
			<content:encoded><![CDATA[<p>&#8220;tax prison&#8221;</p>
<p><a href="http://www.keeptalkinggreece.com/2013/04/18/greek-govt-seeks-military-camp-to-serve-as-prison-for-state-debtors/" rel="nofollow ugc">http://www.keeptalkinggreece.com/2013/04/18/greek-govt-seeks-military-camp-to-serve-as-prison-for-state-debtors/</a></p>
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		<title>
		By: Just me		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137975</link>

		<dc:creator><![CDATA[Just me]]></dc:creator>
		<pubDate>Thu, 18 Jul 2013 22:24:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-137975</guid>

					<description><![CDATA[“JPMorgan”

 http://dealbook.nytimes.com/2013/04/03/judges-dismisses-dexia-claims-against-jpmorgan-chase/ - See more at: http://www.taxresearch.org.uk/Blog/2013/07/18/the-banks-still-do-tax-avoidance/comment-page-1/#comment-655643]]></description>
			<content:encoded><![CDATA[<p>“JPMorgan”</p>
<p> <a href="http://dealbook.nytimes.com/2013/04/03/judges-dismisses-dexia-claims-against-jpmorgan-chase/" rel="nofollow ugc">http://dealbook.nytimes.com/2013/04/03/judges-dismisses-dexia-claims-against-jpmorgan-chase/</a> &#8211; See more at: <a href="http://www.taxresearch.org.uk/Blog/2013/07/18/the-banks-still-do-tax-avoidance/comment-page-1/#comment-655643" rel="nofollow ugc">http://www.taxresearch.org.uk/Blog/2013/07/18/the-banks-still-do-tax-avoidance/comment-page-1/#comment-655643</a></p>
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		<title>
		By: Just me		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137696</link>

		<dc:creator><![CDATA[Just me]]></dc:creator>
		<pubDate>Sat, 06 Jul 2013 16:55:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-137696</guid>

					<description><![CDATA[Some links I came across...

http://www.bangkokpost.com/news/world/357814/eu-accuses-13-banks-of-derivatives-collusion

http://www.nationalmemo.com/wages-fall-at-record-pace/

http://www.channelnewsasia.com/news/business/singapore/world-s-first-physical/733258.html]]></description>
			<content:encoded><![CDATA[<p>Some links I came across&#8230;</p>
<p><a href="http://www.bangkokpost.com/news/world/357814/eu-accuses-13-banks-of-derivatives-collusion" rel="nofollow ugc">http://www.bangkokpost.com/news/world/357814/eu-accuses-13-banks-of-derivatives-collusion</a></p>
<p><a href="http://www.nationalmemo.com/wages-fall-at-record-pace/" rel="nofollow ugc">http://www.nationalmemo.com/wages-fall-at-record-pace/</a></p>
<p><a href="http://www.channelnewsasia.com/news/business/singapore/world-s-first-physical/733258.html" rel="nofollow ugc">http://www.channelnewsasia.com/news/business/singapore/world-s-first-physical/733258.html</a></p>
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		<title>
		By: Roger		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137329</link>

		<dc:creator><![CDATA[Roger]]></dc:creator>
		<pubDate>Thu, 27 Jun 2013 14:35:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-137329</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137305&quot;&gt;Roger&lt;/a&gt;.

I think I&#039;ll Download the whole Film Dork. I decided I wanted to Write a song about reality this week I ended up Writing this Poem. ( There are Notes on My Blog of how I arrived at this point.

Reality is Infinity is Love is Infinite

Real Love reality is.



Self is Love, is Self
Love is I, I Love
Look in myself, Love is within

Love thou, Thou Art Love
Thou art other, you are love
love each other, We are Love
look for Love, Love is Without.

Know love, Know each other
See Love See Each Other
Love is We ,We are Love
Love each other, Each is Love


Love is Everything, Everything is Love
All is everything, Everything is Love
Love everything, Love Everyone
Love Everything, Everyone is love

Love is Real, Real is Love
Love Reality, Reality is Real
Reality is Love, Love is Reality
Reality is everywhere, Everywhere is Love

Love is the centre
Love has no Circumfrence
Everywhere is the centre
The centre is soul, Soul is Love

The purpose is Love is The Purpose.
Love is the Heart infinite reality is Love.
Infinity is Reality is Infinity
Love is Infinite, Infinity is Love

Be Love,be infinite
Love is infinity
Love is
The purpose of Love is .
Love is

We are
it is
all is
Love
Roger G Lewis 2013.
http://letthemconfectsweeterlies.blogspot.se/2013/06/reality-is-infinity-is-love-is-infinite.html]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137305">Roger</a>.</p>
<p>I think I&#8217;ll Download the whole Film Dork. I decided I wanted to Write a song about reality this week I ended up Writing this Poem. ( There are Notes on My Blog of how I arrived at this point.</p>
<p>Reality is Infinity is Love is Infinite</p>
<p>Real Love reality is.</p>
<p>Self is Love, is Self<br />
Love is I, I Love<br />
Look in myself, Love is within</p>
<p>Love thou, Thou Art Love<br />
Thou art other, you are love<br />
love each other, We are Love<br />
look for Love, Love is Without.</p>
<p>Know love, Know each other<br />
See Love See Each Other<br />
Love is We ,We are Love<br />
Love each other, Each is Love</p>
<p>Love is Everything, Everything is Love<br />
All is everything, Everything is Love<br />
Love everything, Love Everyone<br />
Love Everything, Everyone is love</p>
<p>Love is Real, Real is Love<br />
Love Reality, Reality is Real<br />
Reality is Love, Love is Reality<br />
Reality is everywhere, Everywhere is Love</p>
<p>Love is the centre<br />
Love has no Circumfrence<br />
Everywhere is the centre<br />
The centre is soul, Soul is Love</p>
<p>The purpose is Love is The Purpose.<br />
Love is the Heart infinite reality is Love.<br />
Infinity is Reality is Infinity<br />
Love is Infinite, Infinity is Love</p>
<p>Be Love,be infinite<br />
Love is infinity<br />
Love is<br />
The purpose of Love is .<br />
Love is</p>
<p>We are<br />
it is<br />
all is<br />
Love<br />
Roger G Lewis 2013.<br />
<a href="http://letthemconfectsweeterlies.blogspot.se/2013/06/reality-is-infinity-is-love-is-infinite.html" rel="nofollow ugc">http://letthemconfectsweeterlies.blogspot.se/2013/06/reality-is-infinity-is-love-is-infinite.html</a></p>
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		<title>
		By: steviefinn		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137320</link>

		<dc:creator><![CDATA[steviefinn]]></dc:creator>
		<pubDate>Thu, 27 Jun 2013 09:54:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-137320</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137305&quot;&gt;Roger&lt;/a&gt;.

I would say that TV was &#038; still is the biggest anti-social factor. For instance - How much empathy is diverted to &#038; wasted on characters from soaps ? I have heard conversations emoted &#038; constructed in reference to these figments of televisual imagination which appear to me to be no different whether those beings dicussed are flesh &#038; blood or fictional. I wonder if the gossip over the garden fence about real people still survives.

Facebook is maybe another tool that can be used for good or ill - a mixed blessing, like the fact I would not be here on this blog but for it&#039;s existence. It&#039;s actually made me more sociable in a virtual way, but that&#039;s not saying much about someone who has always been &#039;Just passing thru &#039;. My ego could not survive on the small amount of likes I get from a hardcore of my friends while basically being ignored by the majority. Maybe I should not on the rare occasions appear drunk with a don&#039;t give a f*ck attitude &#038; perhaps put up more puppy pics, rather than tales of doom &#038; gloom.

As for us giving out an advertisement of ourselves, seeking approval etc, do we not do that all the time in whatever social context we find ourselves in ?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137305">Roger</a>.</p>
<p>I would say that TV was &amp; still is the biggest anti-social factor. For instance &#8211; How much empathy is diverted to &amp; wasted on characters from soaps ? I have heard conversations emoted &amp; constructed in reference to these figments of televisual imagination which appear to me to be no different whether those beings dicussed are flesh &amp; blood or fictional. I wonder if the gossip over the garden fence about real people still survives.</p>
<p>Facebook is maybe another tool that can be used for good or ill &#8211; a mixed blessing, like the fact I would not be here on this blog but for it&#8217;s existence. It&#8217;s actually made me more sociable in a virtual way, but that&#8217;s not saying much about someone who has always been &#8216;Just passing thru &#8216;. My ego could not survive on the small amount of likes I get from a hardcore of my friends while basically being ignored by the majority. Maybe I should not on the rare occasions appear drunk with a don&#8217;t give a f*ck attitude &amp; perhaps put up more puppy pics, rather than tales of doom &amp; gloom.</p>
<p>As for us giving out an advertisement of ourselves, seeking approval etc, do we not do that all the time in whatever social context we find ourselves in ?</p>
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		<title>
		By: Cameron		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137315</link>

		<dc:creator><![CDATA[Cameron]]></dc:creator>
		<pubDate>Thu, 27 Jun 2013 05:36:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-137315</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137231&quot;&gt;Golem XIV&lt;/a&gt;.

Golem

Interesting articles on ETFs but I do not think you have established a case as to why ETFs are a major threat to the financial system and the largest of our financial institutions.

As I see it all or most of the risks in ETFs are with the shareholders in these funds.  When the Trust is created and the assets held by the ETF are effectively sold to the shareholders the risk attached to the base assets (which may be moderate or extremely high risk) are passed off to the shareholders.  Those institutions that bought the assets to transfer to the trust have got their cash out to the extent that they do not hold any residual shares in the trust (ie those shares in the Trust not on sold on retail or wholesale investors).  

The Blackrocks of this world running the ETFs are not taking most of the risk.  The investors in those funds are because if the asset values totally collapse for whatever reason the ETF shares become worthless and the shareholders lose their shirts not the sponsors or those used to purchase assets for the funds.

The whole concept of an ETF is to pass the asset ownership and asset risk over to the shareholders who buy units in the Funds. That is what a mutual fund does and the fundamental difference is that a mutual fund does not have its units bought and sold on the exchanges. It may well be that in the case of a major adverse financial event many of these ETFs will begin to collapse because of declining asset valuation, excessive leverage, extensive use of derivatives and so on.  But when the fund managers and others involved in the establishment and operation of these funds have transferred all risk to the ETF shareholders, it will be the shareholders that will take the hit.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137231">Golem XIV</a>.</p>
<p>Golem</p>
<p>Interesting articles on ETFs but I do not think you have established a case as to why ETFs are a major threat to the financial system and the largest of our financial institutions.</p>
<p>As I see it all or most of the risks in ETFs are with the shareholders in these funds.  When the Trust is created and the assets held by the ETF are effectively sold to the shareholders the risk attached to the base assets (which may be moderate or extremely high risk) are passed off to the shareholders.  Those institutions that bought the assets to transfer to the trust have got their cash out to the extent that they do not hold any residual shares in the trust (ie those shares in the Trust not on sold on retail or wholesale investors).  </p>
<p>The Blackrocks of this world running the ETFs are not taking most of the risk.  The investors in those funds are because if the asset values totally collapse for whatever reason the ETF shares become worthless and the shareholders lose their shirts not the sponsors or those used to purchase assets for the funds.</p>
<p>The whole concept of an ETF is to pass the asset ownership and asset risk over to the shareholders who buy units in the Funds. That is what a mutual fund does and the fundamental difference is that a mutual fund does not have its units bought and sold on the exchanges. It may well be that in the case of a major adverse financial event many of these ETFs will begin to collapse because of declining asset valuation, excessive leverage, extensive use of derivatives and so on.  But when the fund managers and others involved in the establishment and operation of these funds have transferred all risk to the ETF shareholders, it will be the shareholders that will take the hit.</p>
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		<title>
		By: The Dork of Cork.		</title>
		<link>https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137308</link>

		<dc:creator><![CDATA[The Dork of Cork.]]></dc:creator>
		<pubDate>Wed, 26 Jun 2013 15:20:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/?p=2211#comment-137308</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137305&quot;&gt;Roger&lt;/a&gt;.

@Roger
Yes , I have got into the habit of posting on Facebook trekking &#038; climbing images from 2 or 3 day /week or month backpacking routes I do every so often to clear my  head.
In the past these images remained in my little head or at least my computer.
Now they are projected outwards - they are no longer a part of that inner me.
in that sense It was no longer man stuff , it became social grooming stuff.
Back to the monkeys picking nits off each others coat.

I broke the camera on my latest little walk and now the images remain inside my head alone......their mine and nobody elses.........its both a good and bad feeling.

At the same time you don&#039;t declare on Facebook that you had a good wank off a Suzie Diamond flick today....as you may degrade your ego currency in the light of others.
Its not the done thing I suppose.

This is perhaps not the best Brave new world (1980) but this segment captures the essence of what I am driving at.

http://www.youtube.com/watch?v=WKgiVABR-9c

&quot;What did you do ?

I hunted alone&quot;

We are in essence a village primate with a social orbit of a few 100 people at most.
We however have been modified ..............
We were not designed for this.

We have a hunter gather brain.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.golemxiv.co.uk/2013/06/etfs-a-warning/#comment-137305">Roger</a>.</p>
<p>@Roger<br />
Yes , I have got into the habit of posting on Facebook trekking &amp; climbing images from 2 or 3 day /week or month backpacking routes I do every so often to clear my  head.<br />
In the past these images remained in my little head or at least my computer.<br />
Now they are projected outwards &#8211; they are no longer a part of that inner me.<br />
in that sense It was no longer man stuff , it became social grooming stuff.<br />
Back to the monkeys picking nits off each others coat.</p>
<p>I broke the camera on my latest little walk and now the images remain inside my head alone&#8230;&#8230;their mine and nobody elses&#8230;&#8230;&#8230;its both a good and bad feeling.</p>
<p>At the same time you don&#8217;t declare on Facebook that you had a good wank off a Suzie Diamond flick today&#8230;.as you may degrade your ego currency in the light of others.<br />
Its not the done thing I suppose.</p>
<p>This is perhaps not the best Brave new world (1980) but this segment captures the essence of what I am driving at.</p>
<p><a href="http://www.youtube.com/watch?v=WKgiVABR-9c" rel="nofollow ugc">http://www.youtube.com/watch?v=WKgiVABR-9c</a></p>
<p>&#8220;What did you do ?</p>
<p>I hunted alone&#8221;</p>
<p>We are in essence a village primate with a social orbit of a few 100 people at most.<br />
We however have been modified &#8230;&#8230;&#8230;&#8230;..<br />
We were not designed for this.</p>
<p>We have a hunter gather brain.</p>
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