Le site Bellaciao: coloré, multiple, ou le meilleur cotoie fort heureusement le pire, mélangé, bizarre, picabien et dadaîste, explorant toutes sortes de registres et de régimes rhétoriques, drole et polémiqueur, surréaliste: rencontre d'un parapluie et d'une machine à coudre sur une table de dissection, têtes de Lénine sur le clavier d'un piano Steinway ou Bosendorfer...
FR
ES
Senal en Vivo
VIDEO
RADIO
FRIENDS SITES
with Bellaciao
Bellaciao hosted by
To rebel is right, to disobey is a duty, to act is necessary !
Bellaciao  mobile version   |   Home  |   About us   |   Donation  |   Links  |   Contact  |   Search
The anticipated collapse

by : Solve et Coagula
Sunday September 21, 2008 - 17:42
1 comment

The anticipated collapse Lessons from the banking crisis

Banks are neither productive nor innovative. They lend money. Huge returns are available only with the development of chain letter schemes to achieve.

Heine FLASSBECK

Why always the financial markets? Why so rare burst a speculative bubble on the potato market? Why verkalkulieren machine builders are so rare that the state must help because otherwise the entire market economic system is at risk? What drives seemingly respectable crowds bankers and stock market to be risky business to make it all behind how stupid kids in the fountain, and after the state screaming for help?

The statements are relatively simple. First you need to take note that the financial system fundamentally works differently than the normal freight markets. The famous liberal Friedrich August von Hayek, the superiority of the market economy system is always on the grounds that millions of market participants to meet all the different information available on the market then in a uniform price for a good turn. No government of this world is to reach such an efficiency in the situation.

The capital markets work, but unlike the trade in potatoes and machinery. Here comes the "really big games" to interest rates, exchange rates, equities, commodities prices and house a handful of privileged actors who are no longer all know, as every well-informed department of a ministry or central bank can know. All are remotely controlled by a few information that accessible to everyone permanently on the hunt screens and all those involved in a similar way be interpreted. So if certain events occur, such as a commodity price boom, then jump almost all players simultaneously on this train and try a golden nose to earn. That is exactly good for so long, until the price far away from the value driven to the real world, so the right people to pay in a timely manner. But then collapsed the entire game system.

This game is even more absurd that the financial greedy gambler and their bankers every few years on the grandiose idea that one could own the profits it really rejoice in the height (on Mr Ackermann famous 25 percent return on equity for example) by the majority speculation financed with debt. It is therefore to borrow the money, which is already in the bag has a lot more money and investing it in plants with a slightly higher return than the interest rate provided that one to the other banks or investors will pay good. That is the big lever with which banks, hedge funds and so-called private-equity fund, the return on equity in unimagined heights can drive if they only get enough credit.

If all speculators with borrowed money just go into the casino, would spook quickly to an end. The extremely unimaginative method, which returns to levers, works for the entire global financial system only for a while, when all players will find certain objects in which they deal with a certain plausibility can persuade, they would be high returns with low risk offer. Thus an object was the American housing market in the last ten years. In the twenties of the last century over the role of new shares arose producer and consumer in the nineties shares of telecommunications. Very often there are currencies in which governments are based on the price or interest rates high. Even companies with high equity share to buy is popular because the return on this alone can hochjubeln that equity is replaced by debt. The latter do so-called private equity firms, so companies that exactly the opposite of what its name says, they decrease systematically namely equity, rather than such available. Once the markets such an object of desire have identified, is a kind of chain letter set in motion mechanism, in which each tries, not the last in the chain. So primitive and yet is short so profitably. As long as you submissive "scientist" has nothing else to do, as the "undeniable efficiency of capital markets" to praise, as long as one politician has, before the high respect for the "Werteschaffern" in the banks in the knees go, as long as you have a public Who love to persuade it that it would no longer able to work and with a quick business in the financial markets virtually without risk rich, as long as you have a public discussion in the media hinbekommt the people weismacht their retirement could only with the big game in the financial markets are made secure so long as it is always great crises.

What we should finally understand that banks produce nothing. The People’s Verdummung begins so that one, what banks offer their customers as "products". That sounds good and serious and especially as banks were equally innovative as production companies and would be every few weeks, a "new product" to throw the market. Banks do but always the same: You borrow money over relatively short periods and give it over longer periods. It is to earn money because the interest rates for long periods often are higher than those for short. This is also a risk, because the timely repayment of loans to the banks for long periods never been as safe as the short-term obligation for banks to the depositors. Overall, it is a business, but surely not a bomb shop, where you systematically and in the longer term returns of 25 percent could achieve, as still the biggest German bank sought.

We went in the good old days at a bank counter, had been regularly wet hands. The man behind the counter, then the "official bank" was called, had no sense in us the joys of presenting financial life, but was only pointed out the dangers to conjure, which lurk everywhere. "This is nothing for you," We would have all facilities has been considered, in any way with the real financial markets had to do. Worse of course, connected with hochnotpeinlichen interviews, it was if you wanted money.

If an investor in recent years went to the bank, he met fashionable ladies and gentlemen, with all his charm in the world one of its latest products, "wanted to sell. Should it be 13 per cent yield with Argentine runners or long but perhaps equal 23 percent with an ordinary equity? Even the one who needed money, it had in the modern banks easily. Hochnotpeinlicher nothing to do with questioning and collateral. A customized financial plan, the bank young team ready for the young company - with fast motion on the stock exchange as a coronation. We had no business politicians for decades preached that this country the courage to take risks and thus the risk is missing? That is now ended and this is a good thing. In large parts of the financial world was any sense of lost that the "game" with the money saved by people who do not understand what is happening on the financial markets happens, not only morally reprehensible, but also economically in a crisis must lead once betting on a large scale does not work. That is always the case if somewhere a shock triggered when the economy threatens to overheat and interest rates by the central banks will be raised - or if the real world simply no longer follow the financial roulette.

What to do? The rapid intervention of central banks, although appropriate, because otherwise far greater damage had threatened. But this should not mean that the state, after he once again banks and other speculators before the worst of us, goes on to the agenda. So it only provokes the next crisis, because the players in the casino then reckon that it is already not so bad will happen. Who, as Deutsche Bank, with 25 percent protzt yield, which must also demand that he accept 25 percent loss, according to the state without screaming. He screams and the State can not simply shut their eyes, because a significant risk of infection for healthy institutions threatens the state to the "Institute" long before knocking on the fingers, namely when it returns with his goal in public protzt.

On the other hand, the policy must begin to understand that the big games, because the around the world are played for the real economy are completely useless. That the mortgage of an American house builder still 23-times on the international financial markets in the form of any "Products" verscherbelt was indeed harmful to the American build houses. It seemed only a time to inspire the market, because the house builders in the dark about their interest burden and allowed investors to be achieved in terms of yield has systematically deceived. Games on foreign exchange markets are generally in a direct and massive way harmful to the real economy because they are the exchange rates as systematically in the wrong direction to drive.

Credit for the really investing companies can also create banks, which are of such activities fully contain the casino. One should not forget that there will be times of the German economic miracle was still obviously the Zinsgebahren banks strictly controlled. Even a country like China has its economic miracle even greater in strict control of the state on debit and credit interest managed. Competent to understand economic and financial linkages such politicians now again, it’s easy, the glaring regulatory gaps. Even the gaps in the international financial supervision are obvious. The best rules on the deposit of banking activities with equity, such as those at the Bank for International Settlements will be formulated, using nothing if the assessment of risks alone a small group of rating agencies leave, which in turn is due to incompetence or ignorance the wildest derivative structures with high quality features. Again, the bodies themselves hands and ensure that such ratings are not interessengebundenen institutions such as a financial supervisor critically reviewed and corrected if necessary. Any medical or chemical product is approved by state regulators, only "financial weapons of mass destruction" (Warren Buffet) may each sell without the state einschreitet. Finally, the biggest casino, one in which international currencies are traded, simply closed. It is less than ever that the main price of an economy, the exchange rate, the short-term profit interests of international financial speculators and sharks left.

Overall, it is simple: financial markets you need, but we must be aware that they need to be heavily regulated. Because they produce dangerous toys by people in their greed for short-term profit on irresponsible manner with the money of other people speculate in the hope that it is enough to fool the world who do not realize how smart bankers from across the table should be considered.

In future, each Boasting with extreme returns of financial supervision, the finance ministries and central banks immediately be taken as an occasion to examine in whose bore the excessive profits of the concerned financial institution go. Also for the salaries of directors and supervisory boards must be limits to the government because it is obvious that these executive and supervisory boards of systematic involvement of the State of the losses expected. Would that not so, they would much more thoroughly examine where their profits come and what risks they are tainted.

http://translate.google.com/transla...



Leave a comment
Print this article


Commentaires de l'article
 

The anticipated collapse
Sunday September 21 - 18:32 - Posted by 6a4c81cbdffcb680...

“Dubai Dick”
will live in Dubai and live off his Stolen Haliburton Booty
“The Commander Guy”
will live at the Bush Family Paraguay Hideaway…..

The United States is a Rotting Corpse and will sold off in large chunks to China, Saudi Arabia, etc. to pay off
the Quadrillion dollar debt.

Say good nite to the Sweet Harlot called America…..
It’s all Over!







Public Apology to Women of the World from The American Republic (Hypatia of Alex
Monday 31 - 15:21
by Willam Morgan
YES, THERE WILL BE ELECTION FRAUD, AND ON A GRAND SCALE
Sunday 23 - 18:32
by JOHN CHUCKMAN
Hillary Clinton will be first female President 2017
Monday 10 - 17:21
by Willam Morgan
Police Shootings: Law, Policy, and Accountability
Thursday 6 - 14:22
by William John Cox
AMERICA DESERVES BETTER, BUT EVEN MORE IMPORTANTLY, THE WORLD DESERVES BETTER
Thursday 29 - 18:02
by JOHN CHUCKMAN
Back to School for Fascist Dupont-Aignan
Thursday 15 - 11:32
by Nouveau Comité de Vigilance des Intellectuels Antifascistes
The Presidency: Character Matters
Friday 9 - 15:06
by William John Cox
WHY HILLARY IS THE PERFECT PERSON TO SECURE OBAMA’S LEGACY
Tuesday 30 - 18:08
by JOHN CHUCKMAN
Remake of Ben Hur in 2020 planned by new motion picture studio
Friday 26 - 15:50
by Wallace
THE CASE FOR DONALD TRUMP
Monday 22 - 19:32
by JOHN CHUCKMAN
THE CONSTITUTION OF THE UNITED STATES IS DEAD
Thursday 11 - 06:42
by David R. Hoffman, Legal Editor of Pravda.Ru
DONALD TRUMP AND THE GENIUS OF IDIOCY
Friday 5 - 00:47
by David R. Hoffman, Legal Editor of Pravda.Ru
FOOLING MOST OF THE PEOPLE MOST OF THE TIME IS WHAT AMERICAN POLITICS ARE ABOUT,
Friday 29 - 18:13
by JOHN CHUCKMAN
A message of your fellow striking workers from France
Tuesday 12 - 20:49
by Info’Com-CGT
The Right to Vote, Effectively
Friday 8 - 22:20
by William John Cox
Fourth of July Lies
Sunday 3 - 19:41
by June C. Terpstra
Who Should Make Political Policy, the People or the Politicians?
Friday 24 - 15:14
by William John Cox
Hollow Women of the Hegemon Part II: Atrocity Enabling Harpies
Tuesday 21 - 18:49
by Dr. June Terpstra
The American Republic Manifestum book is being made into a Movie
Saturday 11 - 15:54
by William Morgan
Write-in Voting and Political Protest
Wednesday 1 - 15:05
by William John Cox
Yves Bouvier art battle plays out in online and social media arena
Tuesday 31 - 21:12
by Dean Bagley
Damaged Candidate Clinton Can’t Call Out Trump
Friday 27 - 13:53
by Daniel Patrick Welch
PLEDGE OF THE NEW REPUBLICAN PARTY
Tuesday 24 - 21:53
by David R. Hoffman, Legal Editor of Pravda.Ru
LET TEXAS SECEDE
Thursday 19 - 00:53
by David R. Hoffman, Legal Editor of Pravda.Ru
LAS TRES ERRES A LA ENÉSIMA POTENCIA.-
Monday 16 - 15:35
by FREDDY SUBDIAGA
DEMAGOGIA POPULISTA...
Monday 16 - 15:26
by FREDDY SUBDIAGA
Oligarchs Won’t Let You Vote Their Wars Away
Wednesday 11 - 20:24
by Daniel Patrick Welch
AN AMERICAN ORIGINAL: JOHN KERRY - FROM HIS REMARKABLE RECENT COMMENCEMENT ADDR
Monday 9 - 20:40
by JOHN CHUCKMAN
Donald Trump and Hillary Clinton support the American Republic Manifestum
Monday 9 - 16:37
by William Morgan
Transformation: A Student-Led Mass Political Movement
Monday 25 - 19:28
by William John Cox
Algerian Feminists react to ’Hijab Day’ in Paris 2016
Monday 25 - 01:13
THE ILLUSION OF RIGHTS
Friday 22 - 18:45
by JOHN CHUCKMAN
US is real superpredator pretending to be victim
Monday 18 - 22:23
by Daniel Patrick Welch
Gaiacomm International has accidently created a fusion reaction/ignition.
Sunday 17 - 17:01
by William Morgan
Clinton’s Campaign Continues to Highlight Horrible Hillary
Saturday 9 - 00:57
by Daniel Patrick Welch
Armoiries racistes à Harvard : Plaidoyer pour la réflexion socio-historique
Thursday 7 - 18:56
by Samuel Beaudoin Guzzo
THANK YOU MISSISSIPPI FOR YOUR HATE
Wednesday 6 - 02:02
by David R. Hoffman, Legal Editor of Pravda.Ru
The PKK in Iraq: “We are ready to fight ISIS everywhere in the world”
Monday 4 - 14:33
by InfoAut
Clinton Crashes and Burns, Sanders Will Win (But hold off on the applause)
Friday 1 - 22:33
by Daniel Patrick Welch
Confirming Supreme Court Justices and Electing Presidents
Friday 1 - 20:59
by William John Cox

home | webmaster



Follow-up of the site's activity
RSS Bellaciao En


rss FR / rss IT / rss ES



Bellaciao hosted by DRI

It is the responsibility of the intellectual to speak the truth and to expose lies. Noam Chomsky
Facebook Twitter Google+
DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
read more...
Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
read more...
Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
read more...
International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
read more...
THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
read more...
I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
read more...
HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
read more...
HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
read more...
HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
read more...
HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
read more...
ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
read more...
HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
read more...
DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
read more...
DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
read more...
PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
read more...