The CAC40 loses 9 percent, Black Monday or end of a system?

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
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bham
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by bham » 13/10/08, 15:49

Christophe wrote: Bham, the article looks good things and ideas in their place: finance and speculation bring in more than industrial "wealth" or the stock market is NOTHING AT ALL without manufacturers...

+1 : Evil:
Christophe wrote:In other words, I have no action or savings: pkoi i would pay the wear and tear of others richer than me? We will have to broadcast a max this message ... and before receiving our tax sheets! Because there it will be too late!

Did you read my answer?
https://www.econologie.com/forums/le-pire-de ... html#99938

To rebound and support your request, I think that money / state aid should be put in relation to saving the banks / the financial system with the settlement of the public debt; the latter being due by the state to the banks, the state coming to the aid of the latter, it would be normal for the public debt to vanish.
Otherwise, the State will borrow from the banks the money needed to restart the banking system, ie that it will lend to Bank B the money it has just borrowed from Bank A, Banks A and B refusing to lend to each other; the banking system once saved by the loans it makes to the state makes the interest payments thereby increasing the debt. Although logically, borrowing interest should be paid by Bank B to Bank A, the State acting only as an intermediary; but then why are we told that we risk paying him our taxes?
In fact I am not sure that the state finds the money in the banks to save the banking system, what I know is that the banks no longer want to lend money to each other, due to a crisis of confidence (who say) and what causes an economic crisis; but the banks will probably not refuse to lend to the state since the state cannot go bankrupt. So if we push the reasoning a little further, the banks have a good game of causing this slump to increase the debt of the State; the state takes part of the banking power but also makes it pay to taxpayers; it's not very clear in my head yet but it smells like a scam.
What do you say?


Christophe wrote:Another cool article from the world of the day: Long live the crisis !!

It was while reading it that I discovered the article above.
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by Christophe » 14/10/08, 23:06

No I had not read but Zen said that I smell the same smell as you ...

And to say that it is the private banks which kiss and continue to kiss all the government for 30 years via debts and especially the interests of the debts (apparently 30 to 40% of our taxes would only be used to pay these interests). We are all their slaves !!

To return after the speculation of yesterday and today and profit taking, the banks are relapsing, surely still speculation downwards on the part of manure which pulls a little more on the rope ...

Fortis is a special case I think, -77% today (trading suspended since the BNP takeovers): http://www.boursorama.com/cours.phtml?symbole=FF11-FORB

For Dexia it is less worse:
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by Lietseu » 15/10/08, 00:11

Good evening, I too wondered what was behind this crisis ...
The club of our leaders is quite capable of having pulled the strings!
Or, if they are not able, they can, as we say in everyday language, "pull the chestnuts out of the fire", and thus take advantage of temporary declines, to buy back at a low price the shares of small holders who panic more easily. ...

You who read these lines, do not miss this other thread: https://www.econologie.com/forums/econologie ... 37-10.html

It is quite obvious to me that whatever our dear leaders think, the capitalist system is doomed to disappear in the short term!
What makes me say that?
Observing the system and the certainty that no one (except those who are placed at the very top of the pyramid) has any interest in this system continuing.
These nevertheless in the name of this system, that every day thousands of children die of hunger, it is again and always in the name of this same system, that we: pollute the rivers, destroy the forests and vandalize the earth !
I cannot believe that all of humanity, which does not hold power, can accept that we continue to shamelessly destroy our planet.
I remain convinced that it is absolutely necessary to declare, that the moment has never been more opportune, to create a society based on principles of respect and values ​​of the individual and not, of what he owns. In the space of a century, we humans have destroyed the tremendous ecological balance that existed on this planet! As Gérard Mermet rightly says in his article published in the world of 13 10 08:
“Consumption is akin to a search for consolation, a means of filling a growing existential vacuum. With the key, a lot of frustration and a little guilt, increased by ecological awareness »

I do not share the entirety of his views, for me, it is the very idea of ​​trade which must be revised.
Indeed we have reached a turning point in our history, which would allow us to set up a multiple and egalitarian society, which will no longer be based on the work of only humans, but also of allies of the future who are already emerging from the best laboratories, I talked about robots. In the not too distant future, the question will really arise, whether we still have the "duty" to work in the biblical sense of this assertion. It is indeed high time, that we realize, that humans are above all thinking beings and also, and moreover very mainly, conscious beings.
In this sense, participation in the PBS (the very young party of common sense) seems to me fundamental, just as it seems to me perfectly fundamental that everyone should participate, since obviously, the system that would best suit our current state, this would be a participatory democracy.
Participatory democracy being one of the rare tracks which can be followed, because it is likely, to satisfy everyone ... At its head I would see a council of wise men, who would be chosen exclusively for their sagacity, and not , for their technical or intellectual training ... Each of these wise men could himself take advice from specialists who would not be part of the government and who would be proud to help the member of what could resemble a family ... Before to continue further, I will let the opponents come, who I hope will be numerous.
With greetings from Lietseu :P
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by Christophe » 15/10/08, 19:01

And another dark day for the Poop annuity!! A!

These speculative bankster duns continue to have fun with the system ... to fuck their pockets!

Image

Please don't tell me that yoyos of +/- 5 to +/- 10% consecutive are the fault of small shareholders ...these big ups and downs are sole responsibility of bankers and billionaires...
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by SixK » 15/10/08, 20:04

Well this time, I don't really see what will stop the crisis until the American elections ....

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by Lietseu » 15/10/08, 21:04

Christophe wrote:And another dark day for the Poop annuity!! A!

These speculative bankster duns continue to have fun with the system ... to fuck their pockets!

Please don't tell me that yoyos of +/- 5 to +/- 10% consecutive are the fault of small shareholders ...these big ups and downs are sole responsibility of bankers and billionaires...


Well, I won't contradict you anyway!

I think there won't be any for long : Cheesy:

good evening everyone :P
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By removing Human Nature, he was far from his nature! Lietseu

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by SixK » 15/10/08, 22:49

Oh damn !!! Sarkozy live at 22pm !!!

Tremolo in the voice like when I made a monstrous bullshit and I have the ball!

This time it stinks !!!

SixK

/ wonder if Sarko will not cry before the end of his intervention ... Yep ... they broke my new toy! ; (
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by Lietseu » 15/10/08, 22:55

Maiiis, no! : Cheesy:
He tries to convince the traiders to resume their "work", if screwing up the world is "working", my name is Rita too. : Mrgreen:

Good evening anyway :P
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By removing Human Nature, he was far from his nature! Lietseu

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by SixK » 15/10/08, 22:56

Although ... I wonder if the tremolo in the voice is not the taking / processing of sound that is shabby at LCI ...

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by gegyx » 15/10/08, 23:15

I think, as I said before, that the big speculators continue to gamble, completely sinking the assets of the little nervous punters. It's always about winning.

But what worries me more, in addition to the indirect taxes that will fall on us, unemployment and misery-recession and blockages of all ecological innovations, is that NZ believed to shine, by engaging the State on a VIRTUAL loan of 365 000 € to bail out crooked bankers

Knowing the trick of "Finance", I think they will find a scheme, to get into a lot of debt, and ask the State to provide for their shortfalls, as it has committed, with virtual assets that 'He does not have.
I understand that he may feel bad about our NS, who notices that his handling is not being followed, and that he will have to explain himself one day…
I hope ?
: Evil:

The "Vents Elyséens" don't know the crisis…
: Mrgreen:
Last edited by gegyx the 16 / 10 / 08, 11: 00, 1 edited once.
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