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Gloating is not enough!

by Open-Publishing - Tuesday 30 September 2008

Trade-Exchange Rates Economy-budget USA

Gloating is not enough!

"That’s a pound business. Take a risky huge amount of money on your cap, let yourself well for the risk and if you pay so that the dodo actually go and wages should, be sure you first, your commissions on the safe side searched and secondly the government instead of your own at the expense of the rest of the population nachschießt the open items and provides you free. " Very freely after Daniel Amerman, in http://www.FinancialSense.com (on 10.9.2008). And exactly what does the U.S. government do now. Why?

Derivatives are securities that have no value but represent only a promise. There are bets on profit or loss in a financial transaction. You can Transactions "hedge" (securitise) by one point which presupposes that something, such as the oil price or stock value rises or falls, or - as with so-called "credit default swaps (CDS) - a loan that is properly reimbursed or bursts. They called such operations "risk management" or hedging. The "protection buyer" gets a contractually agreed amount of "protection seller" if the credit bursts, during the "protection seller" during the regular term of the loan agreed intervals in payments from the "buyer protection" for the hedge receives. Such derivatives do not allow or encourage the production of goods or values, they only expensive. In fact, it was extra interest for the banks to rise because of the growing general indebtedness becoming increasingly shaky loans. In order not to be abused as a usurer will be shifted the interest rate banks this additional business outside the home, they founded the so-called hedge funds, the CDS and other derivatives as assets bündelten, the bundle into securities and these pieces were resold to third parties.

Because you have no money these transactions must zuschießen addition, it arbitrarily could proliferate. According to the Bank for International Settlements (BIS), the GoldEagle.com on 16 June 2008 cited had existed back then derivatives contracts valued at over 1.000 trillion (trillion) dollars, 16 times the gross domestic product of the entire earth. In this scale was money from the economy of real goods production and deducted on the "financial markets" in pure play money converted. With the money shifted the solvent demand and hence the incentive for production and development in the real economy. The result was predictable: Investment in the real economy barely promised profits, more and more people were unemployed, the overall supply Goods increased exponentially with rising prices, more and more "free" money looking for investment opportunities in the financial markets. The mechanism has not only taken, but deliberately by the senior money as a "great business", by the Machtgierigen as "socio-political instrument" in motion. The flap affluent audience applause - and also stupid

Intention! This may be in the best of all democracy is not his. So something is happening from stupidity, there are "sins", "mistake". Such words have always said young people if something had gone differently than they had previously know. The Versailles Treaty was a "mistake", Chamberlain 1938er peace agreement with Hitler was a "mistake" Bush’s invasion of Iraq or its Hampel’s in South Ossetia were regrettable "mistake" and of course were also much praised financial innovations only unfortunate "error" well-meaning Bankers. That nobody can have planned, believe petty bourgeois, even little planning. The claim only evil conspiracy theorists. Because where would we indicate if the "up there" we ...?

So that the philistine tuned believes mistakes are caught maker fired, but unlike most small mistake maker while retaining the salary or with a juicy severance. That should even if the citizenship is not envious small aufmuckt too much in making the mistake of KfW so. "The World" spoke on 22.9.2008 on page 13 of the 400,000 euros per year. That could now change the people’s anger, but surely there is a well-paid job at another trusting agency. The elite needs and paid for their mistakes well.

Hank Paulson, Bernanke, the constable of the financial elite, and the U.S. president now turned on all the eloquence to the Senate and Congress of the necessity of the "bailout" to convince them so that the banks bad papers at the expense of the taxpayers buy . Why? "I just learned," lamented an ordinary U.S. citizens to the Internet, "that my cash on my account at Amerisuites TD Trade has been frozen. I had it temporarily in its treasury reserve fund, the (supposedly) nothing more than short-term (30 to 90 Days) U.S. Treasury contained parked. Now they have suspended Einlöserecht [...] The smell of bankruptcy [...] and how do I get my money back? " Or: The 29%-owned land in Kiel HSH Nordbank has admitted to the U.S. Pleitier Lehman with over 100 million euros in default risk (ie, derivatives) in the loss to be. Already this "small amount" is a North German yard (500 employees) fear for their livelihood, because they depend on bank loans this (Tagesspiegel 21.9.2008). Or Busch, 24 September: "Millions of Americans would lose the work." Which must not quickly be helped? The bankers and their democratic representatives come the tears. - And you?

The financial Constables insist: "There is no alternative." If we thereby avoid the worst, we can ensure that it does not happen again. This had the same genus man already vowed 1929. They remained at the helm and now gives us the same disaster on a larger scale. Why should it give no alternative? The answer is simple. The banks and financial institutions have derivative contracts as assets in their books made for more credit / debt / money to be able to generate. Bursting, as currently, too many loans, then the assets, for without that we had to spend extra money, regular payments were received, sudden drastic demands, liabilities so. That throws the whole accounting for. Suddenly stand, which is not to allow too many Miese in the books, meaning the institute can not cover its liabilities, equity is reported, a sub-balance. The bankrupt. The liability of one but the demands of the other. They must then also be depreciated. What 1929 The public by the "run" on its bank deposits worried, now the financial innovations automatically. The global interdependence ensures that all deregulated, "liberal" banks one after another like an avalanche hits: This must not happen. Why? Na times you hear, because then where will the money come from?

Good question. Where does it come from? For the derivatives came, as shown above, directly from nothing. The hedge funds have pieces that the audience is nothing sold for money, this is the production and supply was removed from circulation - because there is lack of solvent demand brought nothing. But, much more interesting, where does the money for the renovation, which means the repurchase of all the nothingness pieces come from? The U.S. is bankrupt and push (the Foreign-Policy.com) "a total debt of over ten trillion U.S. dollars in front of her." The state is überverschuldet and not creditworthy, because he already its loans through new loans only served, so cavalry exchange operates. Also had the financial sergeant thought.

Already in 2005 said a Dr. LJ Kotlikoff by the U.S. Federal Reserve Federal Reserve (FED): "Countries can go bankrupt and do well. The U.S., with its 65-trillion-dollar financial hole, have apparently this path" (http://www : / / infokrieg.tv/bailout_2008_09_23.html). One year after this warning superseded Bush Financial Secretary John Snow by Hank Paulson, the chairman of Goldman Sachs who had on 31 March 2008 a 200-page document entitled "Blueprint for a Modernized Regulatory Structure" (plan for modernizing the regulatory structure) published. Paulson calls it the restructuring of the U.S. markets and its regulations from the ground up to "global standards" (ie the New World Order) requirements. Under the plan should include the finance minister without the consent of Congress "in consultation with the chairman of the Fed permission to have more assets to buy the financial markets in order to effectively stabilize." This allows the exponents of the elite financial markets now directly and not through all sorts of credit games after that own design. That would be Bloomberg after the "planned economy of the elite in self-interest", or Frank Razzano, a former lawyer of the Securities and Exchange Commission (SEC) "The dictatorial power of attorney, the third of government violence, the courts, must not be verified." And Bush in his speech to fire the U.S. people, 24 September: "In spite of market corrections and cases of abuse of democratic capitalism is the best system of all that have been developed, he has made our country the best place for investments and transactions made, he gives our economy, flexibility and resilience" he says clearly: for the ruling financial elite.

Why have chosen gamblers speculators of the economy the necessary funds available? What about the Supreme FED privately that the law could also be subject to government agencies for clear legal guidelines govern themselves. It should be the speculators their papers to their ears cut and ensure that the needed money is available, and not for speculation but only to maintain productive labor and to produce the needed supplies and the technical developments of new materials and energy sources, with where those who tilt to threaten to go, can be replaced. This could even happen against excessive interest rates, the economy back into the flow, if it (instead of a part of the taxes) democratically controlled government spending would be paid. Why should uncontrolled managers such as Goldman Sachs as a credible business from an attentive public supervised democratic and accountable government employee? Just because the manager of the financial elite overly gepäppelt with huge sums of money and quasi-permanently is bribed? or because he has purchased its politicians, media and experts know has made? Of course, there are in the history of successful examples for the other fiscal and monetary policy (in the U.S. even before the independence wars). Only their representatives were often naive and were purchased with princes, warlord or governments with force and removed by experts brought into oblivion.

The era of democracy has not yet begun long. Today prevail financial elites and their policy-and opinion-makers as fully - as never before in history. They are, albeit hidden, responsible for more victims as princes, kings and dictators before them. Whom would you or the millions starved unnecessarily because of lack of medical care unnecessarily deceased and the conflicts that ignite in undersupply, loads of people killed. A God? - That would be probably a little too comfortable. They lacked the money - probably true! but not in real economic resources. Would be at the present state of technology without further without more pollution produced. It lacks primarily to Democrats. Little People and those from the convenience and Denkfaulheit want to be, there are no Democrats, but medienverblödete, eager choice crosses kritzelnde subjects with eingeredeten Dünkeln. But they can not help it! That too may be true, but depends’s up to them, and not even the money.

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