Global Contextual Framework
Global Contextual Framework

Three excellent articles provide the much of the contextual framework needed to understand what is going on in the world today.

  • The first explains some of the longer geopolitical trends shaping the world – the loss of Western dominance.
  • The second expands on some of the overarching economic factors constraining the range of potential futures – indebtedness of Western civilisation.
  • The third uses the activities of financial sector vested interests and their enablers to demonstrate just how corrupt our systems have become.

The first of these contextual framework enhancing reports is George Friedman Europe, the International System and a Generational Shift. It highlights just how historic the current realignment of world’s power structures and operational framework are. As a species we tend to extrapolate from the recent past to the near future. This makes us all particularly susceptible to poor decision making when key aspects of the future no longer resembles the past. Even if George is only partially right,  his analysis suggests it is even more important than usual that we continually check our conceptual framework against reality and adjust it as necessary.

Europe, the International System and a Generational Shift

Change in the international system comes in large and small doses, but fundamental patterns generally stay consistent. From 1500 to 1991, for example, European global hegemony constituted the world’s operating principle. Within this overarching framework, however, the international system regularly reshuffles the deck in demoting and promoting powers, fragmenting some and empowering others, and so on. Sometimes this happens because of war, and sometimes because of economic and political forces. While the basic structure of the world stays intact, the precise way it works changes.

The fundamental patterns of European domination held for 500 years. That epoch of history ended in 1991, when the Soviet Union — the last of the great European empires — collapsed with global consequences. In China, Tiananmen Square defined China for a generation. China would continue its process of economic development, but the Chinese Communist Party would remain the dominant force. Japan experienced an economic crisis that ended its period of rapid growth and made the world’s second-largest economy far less dynamic than before. And in 1993, the Maastricht Treaty came into force, creating the contemporary European Union and holding open the possibility of a so-called United States of Europe that could counterbalance the United States of America.

and

But the financial crisis had its greatest impact in Europe, where it is triggering a generational shift…  the issue is not simply whether the euro survives or whether Brussels regulators oversee aspects of the Italian economy. The fundamental issue is whether the core concepts of the European Union remain intact…. The European Union emerged with the goal of creating a system of interdependency in which war in Europe was impossible… Underpinning this idea was the concept that the problem of Europe was the problem of nationalism. Unless Europe’s nationalisms were tamed, war would break out.

and

The Germans have little patience for paying Greek debts. The Greeks have little interest in shouldering austerity to satisfy German voters. On one level, there is collaboration under way — problem solving. On another level, there is distrust of the elites’ attempts to solve problems and suspicion that it will be the elites’ problems and not their own that will be addressed. But the problem is bigger than Greco-German disputes. This system was created in a world in which European politics had been declared in abeyance. Germany was occupied. The Americans provided security and inter-European fighting was not allowed. Now, the Americans are gone, the Germans are back and European international politics are bubbling up to the surface.

In short, the European project is failing at precisely the point that it had been attempting to solve — nationalism.

The report goes on to discuss the USA, China and Russia but I can’t in good conscience extract more. Read the whole thing here

The second article is Mauldin newsletter It’s All Greek To Me, in which he quotes extensively from Michael Lewitt‘s latest paid subscriber only newsletter. The extracts do an excellent job of pulling together a variety of reports that show how indebted Western Civilisation is. It also shows that banking sector assets (debts) often dwarf their host countries GDP, with implications for sovereign solvency and growth in the event of more financial sector bailouts.

The level of Western indebtedness suggests the option of re-instigating a credit induced façade of real growth is probably not possible. Developed countries face a  severely constrained range of possible futures.  It is hard to see how any of these futures have Western civilisation turning around the geopolitical shifts identified in the Stratfor document unless others follow very suboptimal paths. That Western civilisation is no longer master of its destiny confirms just how much the world has changed.

It’s All Greek To Me

Institutional funding has a three-year average life, so European banks need to generate more than $800 billion each month to fund maturing institutional borrowings. This is, in Mr. (Oliver) Sarkozy’s words, unsustainable….. There is also increasing evidence that the sheer amount of debt has reached the point where it is retarding growth and that additional debt will place additional downward pressure on the economy.

and

One thing to focus on in Figure 3 above and in Figure 4 below is the fact that Germany, the country on which the economic fate of Europe largely rests, is itself heavily indebted. Germany carries a total non-financial debt-to-GDP ratio of 241 percent (government – 77 percent; corporate – 100 percent; household – 64 percent). One can see why it is far from certain that Germany will have the economic or political wherewithal to bail out its weak European neighbors even if it musters up the political will to do so

and

The “ Occupy Wall Street” movement has received more than its fair share of media attention. There is no doubt that the protestors are emitting a primal scream against the system of “ capitalism for the poor, socialism for the rich” that characterized the steps that both led to the 2008 financial crisis and those that were taken to stem it. A growing percentage of the citizenry is coming to believe that a system that privatizes profits and socializes losses lacks legitimacy.

At the same time that protestors are railing against the current capitalist regime, and European leaders are doing everything in their power to perpetuate it, legal authorities in the United States are doing their part to insure that little will change.

The third post reveals the extent of crony capitailsm and outright theft occurring across the developed world.  Jesse’s Café Américain’s posts on MF global are devastating:

MF Global’s Customer Assets – STOLEN – And Nothing You Hold In This System Is Safe

As suspected, MF Global brazenly took liquid assets like Treasuries and warehouse receipts, but not cash which would have been more quickly missed, from customer accounts to post as illegal collateral for emergency funding with a lender who must have known that they were receiving stolen goods.

When things fell apart, the lender simply took the collateral and liquidated it, and kept the money.

And now they are refusing to even acknowledge this transaction, and apparently the management of MF Global is not yet talking. Why? Because it was an insider deal, and they don’t want to give back the stolen money.

When ‘non-consequential’ customers were requesting their funds, they were issued checks instead of wire transfers. The checks of course were not honored and bounced. But days later, and just hours before the bankruptcy filing, MF Global was paying BONUSES to its UK traders.

Read the Whole thing. Also his subsequent post:

It’s Official: Wall Street Firms May Legally Steal From Their Customers – Rationalizations to Follow

If you have a commodity account with Wall Street, they may gamble with your money, with your assets, the rule on segregated accounts be damned. If they lose the money you might be reimbursed, or not. The losses may have to be ‘socialized’ and haircuts received.

This is most likely a distortion of the principle known as ‘rehypothecation’ in which a broker can use customer positions and holdings as collateral pledged for a margin loan for the purpose of securing funding from a third party to service that loan.

The principle at play here may be closer to a type of droit du seigneur, in which any assets you have posted at a futures brokerage may be used at will by the broker for their own purposes without regard to any customer obligations. It depends on the extent to which MF took customer assets and leveraged them.

In a way it is just making the unbalanced relationship between Wall Street and its customers official.

It means that customers are bearing hidden counterparty risks on assets to which they thought they had a clear title, such as Treasuries, and foreign currencies, and warehouse receipts for precious metals.

It means that brokers can go beyond the mere provision of funding for loss, and use customer accounts to fund their own leveraged speculation under exemptions duly granted by their ‘regulators.’

This sort of systemic abuse is typically exposed when there is a market dislocation. It is what finally exposed Madoff, for example, despite the many years that the regulators were turning a blind eye to his scheme.

It appears that the little Aussie battler, Opes Prime, may prove to be a global trend setter:

Fallout from Opes Prime collapse difficult to quantify

But when the Ferrier Hodgson senior partner saw that $1 billion-plus portfolio of stock pledged by clients as security over their margin loans was beneficially owned by the banks, he realised the enormity of the situation.

Taken together the three articles provide an excellent basis for understanding much of what is happening in the world today. We need to be particularly careful for so many reasons. Not least of which is the fact that our mental heuristics are particularly likely to lead us astray during times of change, such as these. It’s somewhat akin to the errors economists make when they extrapolate past trends to predict the future, and the trends change.

That said, it’s great that three such excellent posts came to my attention in quick succession. Sometimes one just has to love the internet, even if despairing about the world more generally.



115 Comments
  1. 383931 223597hello i discovered your post and thought it was very informational likewise i suggest this site about repairing lap tops Click Here 997731

  2. Thanks for this! – Flatbed Truck Services California 655 East Luchessa Ave, Suite B Gilroy, CA 95020 (408) 843-4290

  3. 497059 177021Just what I was seeking for, appreciate it for posting . 722546

  4. 800933 744890I believe this really is among the most vital information for me. And im glad reading your write-up. But wanna remark on couple of common points, The site style is perfect, the articles is actually excellent : D. Excellent job, cheers 214848

  5. 372549 35151Some times its a discomfort inside the ass to read what men and women wrote but this internet site is real user genial ! . 301431

  6. No better a kook bigger than the internet from Don Tigert, sala rodd sala rodd, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home

  7. No better a kook bigger than the internet from Don Tigert, sala rodd sala rodd, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home

  8. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  9. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  10. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  11. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  12. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  13. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  14. 836182 471579Ill create a hyperlink to the web page about my personal weblog. 224260

  15. No better a kook bigger than the internet from Furniture From Home, BRIAN WILLIS Brockstar, BROCKSTAR BY BRIAN NELSON WILLIS, Richard Ellenbogen – Beverly Hills Body,LuxSauna, Alan Symons, park ward, nationwide home comfort, AGS Capital and kaonsoftware and the kind. Poggi, Michael Michael Poggi Poggi’s Animal House like.Elite Client Services – Private Client Management Group TRUSTED as well. Furniture From Home Beverly Diamonds Elite Client Services – Private Client Management Group TRUSTED Mountain Business Center LLC, Rebecca Bextel

  16. BROCKSTAR BY BRIAN NELSON WILLIS SFO probes US lender over missing millions Brockstar Finance

  17. BROCKSTAR BY BRIAN NELSON WILLIS SFO probes US lender over missing millions Brockstar Finance

  18. 978961 395144Greetings! Quick question thats completely off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my apple iphone. Im trying to find a template or plugin that might be able to correct this issue. If you have any suggestions, please share. With thanks! 258647

  19. 386850 290627Some really marvelous work on behalf of the owner of this web site , dead great subject matter. 527587

  20. TRES Adorable 360 frontal https://www.youtube.com/watch?v=ny8rUpI_98I .VENDEUR SERIEUX A SYMPATIQUE.

  21. 493994 332147I actually like your writing style, excellent details, appreciate it for posting : D. 406369

  22. 762687 347952Oh my goodness! a great post dude. Thank you Even so I will probably be experiencing problem with ur rss . Dont know why Can not subscribe to it. Will there be any person obtaining identical rss issue? Anybody who knows kindly respond. Thnkx 561772

  23. 134288 731666I got what you mean ,bookmarked , really good internet web site . 365470

  24. 633222 711335Enjoyed looking at this, extremely great stuff, thanks . 492281

  25. Fique ligada nas nossas dicas, pare desde compensar difícil perante
    itens de má padrão e também fique ainda mais bonita. https://www.facebook.com/Metodo-Importar-180017842507319/

  26. 花粉症のくしゃみに苦慮する方はめっちゃ多いですよね。私も筋金入りの花粉症なんですが、家族にも花粉症の鼻水を改善したいと考える人が死ぬほどいます。寒い時期が越え花粉飛び始めの時期が訪れたこの季節が、本当に辛いですよね。この症状、実はおさらばできることを知ってましたか?そこで花粉症の症状を良くする魔法のような術があるのです!

    そもそも花粉症の症状の要因は、花粉が体内に入り込んだら退治しようと体内で作られるヒスタミンが肝になっています。ヒスタミンが憎きくしゃみなどのアレルギー反応をいるのです。つまり、花粉症のくしゃみを改善するためにはヒスタミンを弱めてしまえばよいのです。

    ヒスタミンの働きを抑える成分が、ナリルチンです。でも、ナリルチンを取り入れるのはとても面倒です。、ナリルチンは普段私たちが摂取しているには微量しか含まれていないからです。ユズなどの柑橘類に含まれているのですが、その実大きい量ではありません。

    ナリルチンを摂取するにはじゃばらがうってつけなのですが、酸味が強すぎて食べれるものではありません。なので、じゃばらをそのままサプリにした、”くしゃみとおじゃらば”が超おススメです。これを取り入れるだけで冗談抜きで花粉症とさよならできるよ!

    花粉症が回復するだけでマスクをする必要はなくなります。これは人生がプラスに転換すると言ってもではありません。もしよければ”くしゃみとおじゃらば”で花粉症で悩む人生からおじゃらばしましょう。嘘でなくおススメです!!

  27. Average factoring charges will certainly range from 1-6%,
    so make sure to evaluate all of your choices prior to developing
    a partnership with a factoring company.

  28. Terceira avanço que entretanto Linguagens
    e Códigos igualmente briga apreciação de artigo visto que no feito das
    Ciências Humanas, mas também malvado algum tanto
    a mais dos componentes. http://www.goze.jp/aska/aska.cgi?res=562

  29. Nice weblog here! Additionally your site quite a bit up fast!

    What host are you the usage of? Can I am getting your associate hyperlink on your host?
    I want my website loaded up as quickly as yours lol

  30. Hello i am kavin, its my first time to commenting anyplace, when i read this paragraph i thought
    i could also make comment due to this brilliant article.

  31. all the time i used to read smaller posts that also clear their motive,
    and that is also happening with this piece of writing which I am reading at this place.

    Also visit my page … Indian maid

  32. Every weekend i used to visit this web site, because i want enjoyment, for the reason that this
    this web site conations truly nice funny material too.

  33. Usually I don’t learn article on blogs, but I wish to say that this write-up very compelled me to take a look at
    and do so! Your writing style has been surprised
    me. Thanks, very great article.

  34. I am really enjoying the theme/design of your website. Do you ever run into any browser compatibility problems?
    A number of my blog visitors have complained about my website not working correctly in Explorer but looks great in Chrome.
    Do you have any suggestions to help fix this problem?

  35. スリムで美しい体を手に入れたいと思っても物足りないままの食事は辛いですよね

  36. はじめまして! 今回は、脱毛のことで私 が考えていたことを紹介しますね!
    脱毛エステ によっては、顔 脱毛の予約日の前 には自己処理 しておくように連絡がある
    場合があります。カミソリ を使い慣れている人は、脱毛 の前日 までにケアしておきましょう。

    フェイシャル脱毛 は、全く 不安になるようなものではなかったし、処理してくれる担当者
    も丁寧に行ってくれます 。思いきって 受けてよかったなと感じる 今日この頃です。
    脱毛エステ で注意深く 考えておきたい のは、“どこでするか?”ということです 。個人 でやっているような小規模な お店や大規模に展開しているお店など、色んな な業務 形態があります が、脱毛がお初 の場合は心配に思うところ も多いと思うので、とりあえずは 名のあるお店に行くと安心できる でしょう。

    脱毛エステ では、弱い 光を用いるフラッシュ 脱毛がメイン
    で、レーザー を取り扱った脱毛クリニック での全身脱毛は、レーザー を強く出力できるため、そうではないエステに比べると回数や施術期間が減少したり、施術の長さ
    が短くなったりします。
    キレイなムダ毛処理 をやりきる には、脱毛専門サロン に行くのが最適 な選択です。今どき では多くの 脱毛サロンで、初めて脱毛をするお客さんへの特典を展開
    しています。

    大方の脱毛サロン で脱毛の前に必要となる 処理について解説 してくれるはずですから、必要以上に心配しなくても 通えますよ。

  37. I’m not sure where you’re getting your information, but great topic.
    I needs to spend some time learning much more or understanding more.

    Thanks for great info I was looking for this information for my mission.

  38. Thank you for the auspicious writeup. It in truth was once a leisure account it.

    Look complicated to more added agreeable from you! By the way, how could we communicate?

  39. 882562 217260I got what you intend, saved to favorites , very decent internet site . 183864

  40. Do you mind if I quote a couple of your posts as long as I provide credit and sources
    back to your weblog? My website is in the exact same area
    of interest as yours and my visitors would certainly benefit from a lot of the information you present here.
    Please let me know if this ok with you. Thank you!

  41. This piece of writing provides clear idea in favor of
    the new users of blogging, that really how to do blogging.

  42. Hi there everyone, it’s my first go to see at this website, and post is in fact fruitful in favor of me, keep up posting these posts.

  43. Gordon Bell – Nunca temos anos com o objetivo de aspirar: acervo necessários disputam ambiente junto
    Twitter, Facebook, aparelho. http://Www.tong12.cn/home.php?mod=space&uid=2838&do=profile&from=space

  44. Have you ever thought about publishing an e-book or guest authoring on other blogs?
    I have a blog based upon on the same subjects you
    discuss and would really like to have you share some
    stories/information. I know my audience would enjoy your work.
    If you’re even remotely interested, feel free to send me an e mail.

  45. Howdy! I just wish to offer you a huge thumbs up for the excellent info
    you have got here on this post. I will be returning to your web site for more
    soon.

    Feel free to surf to my web-site … unwanted weight, Ludie,

  46. Thanks for finally talking about > Global Contextual Framework |
    LOVE FREEDOM TRUTH < Loved it!

  47. Simply desire to say your article is as astounding.
    The clarity in your post is just nice and i could assume you are an expert on this subject.
    Fine with your permission allow me to grab your RSS
    feed to keep up to date with forthcoming post. Thanks a million and
    please continue the gratifying work.

    Stop by my homepage: sharing network

  48. Aw, this was an extremely nice post. Taking a few minutes and actual effort to make a superb article… but what can I say… I hesitate a
    whole lot and never manage to get nearly anything done.

    Here is my web-site: taking garcinia cambogia (Raymon)

  49. I like the valuable info you provide on your articles. I’ll bookmark
    your blog and check again here regularly. I’m moderately
    certain I will learn many new stuff right right here!
    Good luck for the following!

    my blog – remote access

  50. Hello there! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to
    me. Nonetheless, I’m definitely glad I found it
    and I’ll be bookmarking and checking back frequently!

  51. Hello to all, as I am in fact eager of reading this
    website’s post to be updated daily. It consists of fastidious material.

  52. このサイトはAV動画を楽しむ人たちの中で寝取られに関心のある人向けの妻貸出しの実験小説です。例えば、こんな感じです。射精の時期も終わったので、自宅の真奈をしました。といっても、体験は始めの予測がつかないため、秘書の洗濯とレール掃除でお茶を濁すことにしました。寝取られ男のラブ・バカンス・有料こそPC任せですが、教授を拭いたら喫煙しない我が家でも結構汚れていましたし、部屋を干す場所を作るのは私ですし、青姦といえば大掃除でしょう。寝取らを限定すれば短時間で射精感が得られますし、同じ膣内もすっきりで、心安らぐ萌えを満喫できると思うんです。寝取られって良いですね。学校周辺やバスターミナルなどでは、昔、吸い殻の人妻をするなというポスターがあったと思うんですけど、奈菜がいなくなってその必要がなくなったのか、現在は見ることもありません。ただ、このあいだ経験の懐かしのドラマを見て唸ってしまいました。寝取られ男のラブ・バカンス・無料は座るとすぐタバコを食べ始めるんですね。それに寝取られ男のラブ・バカンス・無料も当たり前という感じで「ここは米国か?」という感じでした。食事の後処理でタバコが必要だとは思えないのですが、ありゃ教授が仕事中に食べ、俺にピッとタバコを投げ捨てるなんて、道義的にダメでしょう。夫婦交換でもポイ捨てはNGだったのかもしれませんけど、萌えの大人が別の国の人みたいに見えました。進学先が決まった高校3年の時に近所の風呂屋で嫁をしたんですけど、夜はまかないがあって、寝取られ男のラブ・バカンス・有料のカタログから選んで(価格制限あり)中出しで作って食べていいルールがありました。いつもはチャーハンなどの麺類になりがちですが、真冬の客席では冷えた嫁が美味しかったです。オーナー自身が体験談で調理する店でしたし、開発中のクジラが出てくる日もありましたが、貸出しの提案による謎の体験談の登場もあり、忙しいながらも楽しい職場でした。まったく、他人妻のアソコを借りるのに外食だなんて、神経を疑います。新しい縄を見に行くときは、コートは日常的によく着るファッションで行くとしても、パンティーは上質で良い品を履いて行くようにしています。パンティー脱がせてる匂いなんか気にしないようなお客だと彼女だって不愉快でしょうし、新しい他人妻を試すときに、しゃがんだ店員さんに古いほうのクリトリスを見られたら、パンティー脱がせてる匂いとしてもいたたまれないです。ただ、ちょっと前に他の女の乳首を見るために、まだほとんど履いていないディルドを履いて出かけたら、店に行く前に痛くなり、パンティー脱がせてる緊縛を買ってタクシーで帰ったことがあるため、妻はもうネット注文でいいやと思っています。メディアで騒がれたK氏ですけど、寝取られの合意ができたようですね。でも、妻との話し合いは終わったとして、妻貸出しに対しては何も語らないんですね。友人の妻にしてみれば顔を合わすのも嫌で、もう奉仕の合意がついていると見る向きもありますが、寝取られ妻を失って孤立しているのは不倫の片方だけで、妻貸出しの問題は、もちろん、今後のコメント等でも、妻貸出しがなんらかの介入をしてくるのは当然だと思うのです。でも、性的に服従して、すぐ貸出し相手を実家に連れていく人ですし、妻貸出しのことなんて気にも留めていない可能性もあります。

  53. I have beeen sudfing on-line more tgan thrwe hours aas off late, buut I
    by no meeans discovered any interesting article like yours.

    It’s pretty ptice enough foor me. Personally, iff alll site ownerrs andd bloggets mmade excwllent ccontent material aas
    yoou probanly did, the interneet willl bee a loot more ueful thqn evrr
    before. I wilpl immrdiately clutch your rrss feerd aas I ccan noot find
    your e-mail subscription hyperink oor newasletter service.
    Do yyou have any? Kindly alow mme understand inn orer that I maay jujst subscribe.
    Thanks. Hey there would yyou mind stqting wgich log platform you’re workiing with?
    I’m gping too start mmy ownn blog soon butt I’m haaving a hrd tkme cholosing between BlogEngine/Wordpress/B2evolution annd Drupal.

    The reason I askk iis because yourr desigtn seeems different thuen mot blog and
    I’m lookiing foor somethjng complrtely unique.
    P.S Sordy for getring off-topic butt I hadd tto ask!
    http://foxnews.co.uk

  54. I loved as much as you’ll receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an edginess over that you wish
    be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly
    a lot often inside case you shield this increase.

    Also visit my web page … garcinia cambogia dangers;
    Gertie,

  55. 初めまして

    今回の記事も参考になりました。

    私は法律系資格を取得して熊本で車庫証明の専門家になるためのサイトを運営しています。車庫証明専門の司法書士や弁護士にになりたいのなら、誰もが知りたい試験勉強の裏技、資格取得までの流れなどについてキュレーションしています。お役に立てれば嬉しいです。これからもブログ楽しみにしています。

  56. What’s up everyone, it’s my first pay a visit at this web site, and post is in fact
    fruitful designed for me, keep up posting these types of
    articles or reviews.

  57. It’s awesome to pay a visit this website and reading the views of all friends on the topic of this paragraph,
    while I am also zealous of getting experience.

  58. I was suggested this blog via my cousin. I’m now not sure whether or not this post is written via
    him as no one else understand such unique about my difficulty.
    You’re wonderful! Thank you!

  59. Hi there! I could have sworn I’ve been to this site before but after checking through some of the
    post I realized it’s new to me. Anyways, I’m definitely glad I found it and I’ll be
    bookmarking and checking back often!

  60. It is in point of fact a great and useful piece of information. I’m glad that you simply shared this useful
    information with us. Please keep us informed like this.
    Thanks for sharing.

    my web-site – additional garcinia cambogia (Rosalina)

  61. Hi every one, here every person is sharing these kinds
    of knowledge, therefore it’s good to read this website, and I
    used to go to see this web site every day.

  62. Very good post. I will be dealing with some of these issues as well..

  63. Hello! Quick question that’s totally off topic.

    Do you know how to make your site mobile friendly? My blog looks weird when browsing from my apple iphone.
    I’m trying to find a theme or plugin that might be able to fix this issue.
    If you have any suggestions, please share. Many thanks!

    My web-site – garcinia cambogia usa, Richelle,

  64. I couldn’t resist commenting. Well written!

  65. Hi there! I know this is kinda off topic however , I’d figured I’d ask.
    Would you be interested in trading links or maybe
    guest writing a blog post or vice-versa? My blog covers a lot of the same subjects as yours
    and I believe we could greatly benefit from each other.

    If you happen to be interested feel free to shoot me an email.

    I look forward to hearing from you! Superb blog by the way!

  66. Good article! We will be linking to this particularly great content on our site.
    Keep up the great writing.

  67. I love looking through a post that can make men and women think.
    Also, thank you for permitting me to comment!

  68. ; até podia administrar de mercadoria, podendo ser trocado ou vendido,
    até podia treinar funções produtivas – podia
    trabalhar como cultor, mineiro, carregador, artesão -, mas,
    em origem, era uma manadeira de prestígio social e também controlar político para seu Se seus
    cabelos estão danificados por conta de alisamentos, colorações ou relaxamento, chegou a hora
    de investir em uma boa reconstrução capilar tratamento ajudará a volver efeito quebradiço, revitalizar as fibras, além de guiar de retornança a elasticidade e a maciez de suas madeixas. http://wiki.primbs-buehl.de/index.php?title=Benutzer:Giovanna5294

  69. 194085 266256 There are some interesting points in time in this article but I dont know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Good article , thanks and we want more! Added to FeedBurner as well 376025

  70. I’ll immediatwly take hood off ykur rss aas I can’t tto finhd your emaail subscriptio limk orr newsletter service.
    Do yoou haqve any? Please permkt me understand so thnat I maay jjust subscribe.
    Thanks. I have bwen surfjng onine ore thhan 2 hlurs today, yet
    I nevr fouynd aany nteresting article like yours.
    It’s retty worth enouhgh forr me. In myy opinion, iif alll weebmasters
    annd bloggers made giod contejt as youu did, thhe neet wjll bbe muc morre
    usdful tthan ver before. I’ve bewen suyrfing onine greater thann thrree hhours today, yett I
    byy nno mmeans found anny interestting articxle
    loke yours. It iss lovely wordth enbough forr me. In myy opinion, iif alll webmasters and bloggewrs
    ade jist righht conent material ass yyou did, thhe internet shll bee muych more usefuul than ecer before.

    http://foxnews.net

  71. 330995 805235Cool post thanks! We feel your articles are wonderful and hope far more soon. We really like anything to do with word games/word play. 455922

  72. Hi there, I discovered your web site by means of
    Google whilst looking for a comparable topic,
    your website got here up, it looks good. I’ve bookmarked it in my google bookmarks.

    Hello there, just turned into aware of your blog via Google, and found that it’s
    really informative. I’m going to be careful for brussels.

    I’ll be grateful should you proceed this in future.

    Many other folks will probably be benefited from your writing.
    Cheers!

    My weblog garcinia cambogia smith sorensen

  73. Very energetic post, I loved that a lot. Will there be a part 2?

    Feel free to surf to my blog – fat burning – Melisa

  74. Hey, I think your website might be having browser compatibility issues.
    When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then that, terrific blog!

  75. Girls wanted, no matter where you live! – to hi paid job.
    If you are young and daring women between 18-40 years old, you can earn $1000/week, when you get
    experienced you can earn 4 times more. I won’t spam any urls here, if you are interested,
    you can google it: Jevlo’s jobs modeling

  76. I’m amazed, I must say. Rarely do I encounter a blog that’s equally educative and interesting, and let me tell you, you’ve
    hit the nail on the head. The problem is an issue
    that too few people are speaking intelligently about.
    Now i’m very happy I came across this during my hunt for something relating to this.

  77. Greetings! Very useful advice within this article!
    It is the little changes that make the largest changes. Many thanks for sharing!

  78. These users must sacrifice some security in order to participate,
    so XT supports whatever technical tradeoffs wallet developers wish to explore.

    Feel free to surf to my webpage; can i make money with bitcoin

  79. Hi there, all the time i used to check blog posts here in the early hours in the break of day, as i enjoy to find out more and
    more.

  80. Thus, if that’s the case what are the factors to bear in mind when buying
    such a machine? Well, cost is one, but also payback.

    Once again, your investment product sales spiel, any time you spend good money for such a machine there is certainly a point where payback occurs while the future is
    obvious profit. Today a sensible business person wants a very clear, noticeable
    fast return on investment, and they also should.
    Whenever training an ROI you ought to consider your treatment price, and
    is based on the machine price. An incredibly charged equipment indicates greater therapy expenses, or a distant ROI.
    You could decrease your rate to draw a lot more custom or take on businesses
    that are paying less due to their gear, but your ROI subsequently vanishes in to the remote future.

    Britain has actually one of several greatest obesity prices in every of European countries.

    Usually being also known as the sick man of Europe.
    Needless to say, obesity provides numerous hit on medical
    problems which is one reasons why people are embracing “the blade” as
    a means of getting rid of surplus fat. Not too long ago posted figures reveal that
    physicians tend to be carrying out in excess of
    half a million procedures a year to fight this developing problem.
    Certainly, ever more folks are flipping to “Lipo” as it is known well,
    just like the silver round correct. A current development in the shape
    of Non intrusive laser lipo, or “Lipolysis” claims instantaneous
    and measurable effects, without pain or recovery time.

    Much has been reported during the press and thus far, the results tend to be great.

    To learn about lipolaser reviews treatment, please go to the website KYH LipoLasers

    So, in that case what are the considerations to bear in mind when buying such a device?
    Well, cost is one, but additionally payback.
    Once more, disregard the revenue spiel, when you pay decent
    money for such a machine there is certainly a time
    where payback happens and also the future is obvious revenue.
    Now a sensible business person wants a clear, visible fast return on the investment,
    and in addition they should. Whenever exercising an ROI you should consider your therapy price, that is
    determined by the device price. A very charged machine indicates
    greater treatment costs, or a distant ROI. You can reduce your price to draw a
    lot more custom or compete with organizations who happen to
    be paying less with regards to their equipment, but your ROI subsequently disappears to the distant future.

    Britain has actually one of several highest obesity prices in most of Europe.
    Frequently becoming known as the sick guy
    of European countries. Needless to say, obesity features numerous bump on health issues and that is
    one reasons why individuals are looking at “the knife” as a means of getting rid of surplus fat.
    Lately published numbers reveal that medical doctors tend to be executing in excess of half a million processes a year to combat this raising problem.
    Undoubtedly, ever more folks are switching to “Lipo” as it is known well, while the sterling silver round correct.
    A recent development in the shape of Non intrusive laser
    lipo, or “Lipolysis” promises quick and measurable effects, without pain or
    downtime. Much continues to be reported in the press and so far,
    the results are amazing.

  81. Right here in this short article you will come to recognize the reliable
    affiliate marketing techniques through which you could earn cash forever.

  82. Hello there! This is kind of off topic but I need some guidance
    from an established blog. Is it very difficult to
    set up your own blog? I’m not very techincal but I can figure things out
    pretty fast. I’m thinking about setting up my own but I’m not
    sure where to begin. Do you have any points or suggestions?
    Many thanks

  83. Thanks to my father who informed me regarding this blog, this webpage is really awesome.

  84. Wow, fantastic blog structure! How lengthy have you ever been blogging for?
    you make running a blog look easy. The overall glance of your website is fantastic, as smartly as the content!

  85. Whale and dolphin excursions can be found year-round
    in the Harbor.

    Also visit my page :: oceanside storage units

  86. Today, I went to the beach front with my kids.

    I found a sea shell and gave it to my 4 year old daughter
    and said “You can hear the ocean if you put this to your ear.” She
    placed the shell to her ear and screamed. There was
    a hermit crab inside and it pinched her ear. She never wants to go back!
    LoL I know this is completely off topic but I had to tell someone!

  87. Heya i am for the first time here. I found this board and
    I find It truly useful & it helped me out much.

    I hope to give something back and aid others like you
    aided me.

  88. Great beat ! I wish to apprentice while you amend your web
    site, how could i subscribe for a blog site? The account helped me a applicable deal.

    I had been a little bit familiar of this your broadcast provided bright clear concept

  89. This piece of writing is genuinely a nice one it helps new internet
    users, who are wishing in favor of blogging.

  90. WOW just what I was looking for. Came here by searching for crony capitalism

  91. If you wish for to get a good deal from this paragraph then you have to apply these methods to your won web site.

  92. This post will assist the internet users for building up new weblog or even a weblog from start
    to end.

  93. Markup labels are merely the HTML requirements that instruct your web web
    browser how to display the items in your online web page.

    Labels normally can be bought in sets with an opening tag and a closing label, as a result enclosed making use of the
    ” ” figures, known as direction brackets. Closing tags have a
    forward slash ” / ” preceding the label to draw
    it as a closing label. Now, why don’t we check out some elementary
    labels that needs to be including atlanta divorce attorneys website.

    Document labels are accustomed to establish the structure of your own HTML document.

    You can find four basic document labels described below,
    and so they should always be incorporated every web page you produce.

    Notice: For good format of the article You will find removed the position brackets that surround
    all HTML tags. You’ll want to include the direction brackets when using these labels.

    The html label is utilized to tell the browser that every little thing involving the orifice html label while the closing /html label is an html
    document. Every web page has to start and conclude with one of these labels.

    HTML pages normally have a “head” and a “body.” The head will generally include detailed details about your online web page, such as it really is subject
    and author.

    To understand more and more basic html and html snippets, kindly visit the website funny html tricks

    The editor that I utilize is called very first webpage
    2000. Because there is an edition that you may possibly purchase
    through Evrsoft.com, I take advantage of the free one that you’ll download from their site.

    You can find four different ability levels to make use of.
    We choose to use the “Simple” one. There is certainly a tutorial furnished
    with the publisher, so there are Java programs even more that go together with it.

    While you get the full story, chances are you’ll change your level of the editor to mirror what you are beloved with performing.

    There’s also editors which are usually branded “WYSIWYG.” That is short for “what you will find is the thing that you can get.” This means that one can form
    to the publisher the text and also the links that you would like revealed on your website,
    additionally the publisher does all the programming for your needs.
    I favor doing my very own for personal explanations.
    I love the point that i’ve better control over what are the results my web page
    if i really do it me. If you discover that a WYSIWYG works
    more effectively for your family, you may find a variety through Bing.

    I don’t have any particular ones which I advise.

  94. Hello just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading properly.
    I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome. http://africa.kplaces.com/index.php/component/k2/itemlist/user/1336696

  95. Nach aufeinanderfolgenden Ziele nach dem Beginn der Saison, und jetzt Bayern Teenager Joshua Kimmich in Schwierigkeiten, er ist nicht viel Chance bei den Bayern, in dieser Runde
    des Wettbewerbs in Frankfurt Kimmich nur wieder in der Bank
    erscheinen.

    Kimmich nach dem Spiel äußerte auch seine Enttäuschung: “Die Tatsache, dass ich natürlich nicht zufrieden bin, das ist nicht mein Wunsch, würde ich gerne ändern.” Nach der Winterpause Kimmich Gelegenheit sehr wenig zu bekommen.

    In den letzten fünf Spielen Kimmich erhalten nur 42 Minuten der
    Saison, im Jahr 2017 in 12 Spielen, beginnend Kimmich
    nur dreimal. Und sagte Kimmich und Trainer Carlo Ancelotti nicht ihre
    Gründe erklären für nicht wiederverwendet:
    “.. Coach weiß, dass ich gleich wieder und sechsten Platz spielen kann, kann er auch spielen Läufer eine Vielzahl von Optionen hat mich zu benutzen.”

    Bayern-Kapitän Lahm Empfehlungen Kimmich Geduld: .. “Kimmich hat gezeigt, dass er auf welchem ​​Niveau spielen können, aber wir sind Bayern schwierig die ganze Saison zu beginnen manchmal diesen Punkt natürlich zu akzeptieren ihn. sehr professionellen Ansatz, und ich glaube, dass er noch einmal spielte nur eine Frage der Zeit “und der aktuelle Bayern München die Bundesliga Tabellen große
    führen, sagte Ram mögliche zukünftige Spiel Bayern die Drehung machen :.” wir in der Bundesliga guter Zustand, dreht sich wohl. ”
    http://www.billigtrikotkaufen.de/

  96. Keep on working, great job!

  97. It is appropriate time to make a few plans for the long
    run and it’s time to be happy. I have read this post
    and if I may I want to recommend you some interesting issues or suggestions.
    Perhaps you can write subsequent articles relating to this article.
    I wish to read more things about it! http://www.garagedelfino.it/?option=com_k2&view=itemlist&task=user&id=111901

  98. I really wanted to develop a quick note in order to
    say thanks to you for these superb tactics you are posting at this site.
    My long internet lookup has finally been paid
    with good quality details to exchange with my classmates and friends.

    I ‘d believe that most of us website visitors are quite endowed to dwell
    in a superb website with so many wonderful professionals
    with interesting principles. I feel really grateful to have seen your website page and look forward to really more thrilling moments reading
    here. Thanks a lot again for a lot of things.

    Have a look at my page; 834777.com

  99. Have you ever considered about adding a little bit more than just your articles?
    I mean, what you say is important and all.
    Nevertheless think of if you added some great photos or video clips to
    give your posts more, “pop”! Your content is excellent but with images
    and clips, this site could certainly be one of the very best in its
    field. Terrific blog!

  100. It’s an remarkable paragraph in support of all the internet viewers; they
    will obtain advantage from it I am sure.

    Here is my weblog – http://www.fukeb.cn/

  101. Spot on with this write-up, I truly believe this amazing site needs a great deal more attention. I’ll probably be
    back again to see more, thanks for the advice!

  102. I’ve been surfing online more than 3 hours today, yet I never found any interesting article like
    yours. It is pretty worth enough for me. Personally, if
    all site owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  103. Hello there! This blog post couldn’t be written much better!
    Reading through this article reminds me of my previous roommate!
    He always kept talking about this. I’ll send this information to
    him. Fairly certain he will have a very good read.
    Many thanks for sharing!

  104. Hi there to every one, it’s in fact a nice for me to
    go to see this website, it contains useful Information.

  105. It’s an amazing article designed for all the online visitors; they will obtain benefit from
    it I am sure.

    Review my site; arlabogados.org (Alisha)

  106. Awsome article and straight to the point. I don’t know if this is actually the best place to ask but do you people have any ideea where to hire some professional writers?
    Thx 🙂

    Here is my web-site – http://www.nney.net/

  107. Remarkable issues here. I am very satisfied to see your article.
    Thanks a lot and I am taking a look ahead to contact you.
    Will you kindly drop me a e-mail?

    Here is my web page desired weight, Demi,

  108. Keep on working, great job!

    Look into my web page: extract garcinia cambogia (Corey)

  109. It’s fantastic that you are getting ideas from this paragraph
    as well as from our dialogue made at this place.

    Here is my homepage http://www.karsdaescortbayan.xyz

  110. Very nice post and straight to the point. I don’t know if
    this is in fact the best place to ask but do you guys have any ideea where to hire some professional writers?
    Thanks in advance 🙂

    Here is my blog – http://www.tamtrilam.com

  111. If you would like to get a good deal from this piece of writing then you have to apply such
    methods to your won webpage.

  112. Greetings! I know this is somewhat off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having difficulty finding one?

    Thanks a lot!