Yet another stock market crisis, another collapse , Cossack or crack like that.
spoken, what it 'of course, of junk bonds.
The point is another: There are securities that are not garbage, garbage can not be a title?.
History of Finance, the Science of Finance we demonstrate incontrovertibly that the principles of forgery and fraud are essential elements of the (non) reality of finance.
The multiplication of money, the continuing deterioration of its value regardless of the actual movement of goods and labor, can not have his way with the crime.
be a coincidence or not that the mafia around the world in this sea Sguazzini not stand out so well from the least (neither better nor worse) than the other boats? Now the last detonator
latest crisis is called "subprime" as they say in Rome, vor of '? The financial
complex skein, in fact, is quite simple, to the of all the graphs and analysis of high finance pundits trombones.
These mortgages at risk, given to the less well-off insolvency with the reasonable doubt. These loans are more or less 10 percent of the market.
banks that make such a huge amount of debt? Simple: turn it into securities, funds and put it in the square on the market. The rating agency arrives on time (those that determine whether a title is reliable or not, whether credible or not a government and etc etc) which gives them the triple A titles that reliably: buy buy buy (said in a nutshell) .
happens, however, that spread rumors of a decline, perhaps a collapse of house prices, ie the asset on which the bank draws in the event of insolvency: it happens that increase the delinquency of borrowers and, as one plus one equals two ... the patatrack happens happens.
Only the risk for the loan granted to "sympathetically" is sold at all (in the form of big business, with the backing of party institutions) and when it becomes reality, thinly disguised as a virus, it infects every body that came into contact . The financial market is doped by definition, is a promiscuous world that socializes losses and limits the largest possible circle of beneficiaries. Create an idea of \u200b\u200bparticipation that is only apparent, as is the real mad hoarding of money, referred to as a pig bulimic is in constant need.
The death of the pig is a luxury that we can not afford it seems.
In these critical cases (as defined in comics, Crakk) the ritual formula provides for the provision of liquidity in the system. Even Roman
speaking, vor of '?? It means that central banks put fresh money into circulation, in practice we buy junk bonds that have sparked the chaos, saving banks, speculators, and ensuring a return to the days before the crak. The money the central bank would be all public, not private property, but no matter, question of detail.
The poor bastards who can no longer pay the mortgage WILL BE poor bastards and after the fateful three days will still be crucified.
As a young Hamlet, the market is crazy, but the method in the madness.
Thirty years ago (reagan, Thacher ... do you remember?) With the colossal hoax of neo-liberalism, have actually reinforced the economy to kill any idea of \u200b\u200bpolitics and democracy, but any good sorcerer's apprentice (as taught Goethe ), after a while ', no longer controls the elements and influences that created and one of these suggestions, finance, after a while,' and it 'swallowed up the economy.
So we are at the paradox that the concrete reality (real economy) is at the service of appearances (the finance and stock exchanges) .
What to do? ... What do you want from me!. I could only suggest to restart the opposite direction, return to practice in the domain of reality, real and concrete processes, the method of democracy, respect for established rules and approved. Every serious
Democracy sees money as an object and not subject to
will judge you!
LUIGI FINOTTO "KAMO"
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