Understanding the public debt in 10 min ... and with humor!

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Understanding the public debt in 10 min ... and with humor!




by Christophe » 19/10/11, 22:07

Everything is in the title:



(but considering the gravity and the foutage of generalized mouth, I do not know if it is better to laugh than to cry ...)

For the more in-depth debate: monetary creation All-know-about-the-creation-monetary-t2177.html

Other topics to see:

a) Greek Crisis: economy-finance / debt-public-bankruptcy-of-the-greece-is-who-the-tour-t9654.html

b) Money making: economy-finance / who-makes-the-silver-the-money-debt-video-t6273.html

c) Understanding financial crises: economy-finance / the-financial-crisis-the-understand-with-arte-thema-t5666.html

d) General debate: economy-finance / JOIN-au-pbs-the-party-of-good-sense-t6158.html

e) Article 104 Maastricht: economy-finance / article-104-Maastricht-the-scam-of-the-debt-t6156.html

f) Law Pompidou Giscard: economy-finance / crisis-of-the-debt-to-back-on-the-law-Pompidou, Giscard-1973-t11038.html


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dedeleco
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by dedeleco » 19/10/11, 23:59

Add percussive and subtitled:

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by Christophe » 20/10/11, 00:28

Thank you dede he is good this financial analyst Reporter !!

Treating traders as financial terrorists and looters is very fair and we should hear it every day in the news instead of the word "austerity" or "debt" ...

Uh If not you can remember the video on the creation of the FED that you (I think) posted last week? I could not find her ...
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by Christophe » 26/10/11, 10:47

To see ... quite pessimistic but realistic ...

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by Tagor » 26/10/11, 17:28

http://www.agoravox.fr/actualites/econo ... ne-a-59168

Goldman Sachs - The big bubble machine
Since the beginning of the month, an important article in the July issue of Rolling Stone magazine has been making a lot of noise in the blogosphere as well as in traditional media around the world. It exposes the role of the investment bank Goldman Sachs in almost all the financial crises since more than 80 years. It sheds light on past and contemporary financial and economic events. The author, Matt Taibbi, is an investigative journalist with courage, in my opinion, comparable to that of Denis Robert. The subject is primordial, the serious inquiry, the explosive information, the incisive tone. Matt Taibbi calls a cat a cat. The whole is understandable by the uninitiated in finance.


Since the publication of this article, Goldman Sachs has published its results: they are better than ever. And the bonuses are increasing. This latest news is a perfect confirmation of Matt Taibbi's investigation.

To those who can, I advise to read the article in its original version, the style is excellent. For the others, as there was no French version to my knowledge, I made a translation of it. Here it is below.

Links to the original version: here and there for a scanned version of the article paper, there, there and there for a text version after processing by character recognition (it is actually the same version but some words have been voluntarily changed by the user who has done the character recognition). The really authentic version is that of the scan. I read the article by Matt Taibbi counterinfo.info and I used for translation this version, but correcting the differences that I could detect.


The big American bubble machine
Matt Taibbi
Rolling Stone - July 2009
Translated from the English by JL

High-priced technology shares in gasoline, Goldman Sachs has been manufacturing all the manipulations of the market since the Great Depression - and it's about to start again.



The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a formidable vampire octopus wrapped around humanity, relentlessly driving its sucker wherever there is money. In fact, the story of the recent financial crisis, which is also the story of the fall of the ruined US empire by crooks, reads like the Who's Who of Goldman Sachs graduates.

Today, most of us know the main actors. As George Bush's last finance minister, Goldman's former CEO Henri Paulson was the architect of the bailout, a shady plan to divert trillions of YOUR dollars to a handful of his old Wall Street mates. Robert Rubin, Bill Clinton's former finance minister, spent 26 at Goldman before becoming chairman of Citigroup Bank, which in turn received Paulson 300 billions of dollars in public money. There is John Thain, that bastard Merryl Lynch's boss, who offered 87.000 $ a rug for his office as his company imploded. A former Goldman, Thain benefited from a multi-billion dollar donation from Paulson, who also used billions of public money to help Bank of America save the stricken company in Thain. There is Robert Steel, formerly of Goldman and boss of Wachovia, who granted himself 225 million dollars of golden parachutes, for him and his executives, while his bank was self-destructive. There is Joshua Bolten, Bush's cabinet director during the bailout, and Mark Patterson, finance officer in Bush's cabinet, who was still a lobbyist for Goldman a year before. And Ed Liddy, a former Goldman director Paulson has charged the bailout of insurance giant AIG [1]. After Liddy's arrival, AIG paid 13 Billion Dollars to Goldman. Canadian and Italian central bank directors are Goldman alumni, as are the director of the World Bank, the director of the New York Stock Exchange [2], the last two directors of the New York Federal Reserve - which is, by the way, now in charge of Goldman's control - not to mention ...

But any attempt to build narrative around all the Goldman alumni who hold influential positions becomes an absurd and pointless exercise, much like trying to list all things on Earth. What you need to see is the big picture: If America is sucked by a siphon, Goldman Sachs has found a way to be that siphon - an extremely unfortunate loophole in the Western capitalist system, which never predicted that in a society that is passively governed by the free market and free elections, organized rapacity always wins over disorganized democracy.

The bank's unprecedented power and power allowed it to turn America into a giant money pump, handling entire economic sectors for years, moving its pawns when one market collapses, and all the time. bursting with hidden costs that shatter families everywhere - oil prices, consumer credit rates, half-eaten pension funds, massive layoffs, future taxes to pay back the bailouts. All that money you lose, he goes somewhere and, literally and figuratively, he goes to Goldman Sachs. This bank is a huge, highly sophisticated machine for converting useful wealth into the least useful, most wasteful substance - the pure profit of already rich individuals.

They realize this by using the same protocol again and again. The formula is relatively simple: Goldman places himself in the middle of a speculative bubble, selling investments they know to be shit. They then seek vast sums from the middle and lower classes of society, with the help of an invalid and corrupt state that allows them to rewrite the rules in exchange for a few tips that the bank throws at the politicians. In the end, when the bubble bursts, leaving millions of ordinary citizens on the floor, they start the whole process again, coming to our rescue to lend us our own money with interest, while presenting themselves as disinterested men, just a gang. classy guys who are there to help the machine spin. They have been doing the same thing over and over since the 1920 years - and today they are preparing to do it again by creating what might be the biggest and most impudent bubble of all time.

If you want to understand how we got into this financial crisis, you first have to understand where all the money went - and to understand that, you have to understand how Goldman fought in the past. It's a long story of exactly five bubbles - including the peak of oil prices last year, strange and seemingly inexplicable. There were many losers in each of these bubbles, as well as in the bailout that followed. But Goldman was not among them.



to follow a detailed analysis of 6 bubbles
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dedeleco
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by dedeleco » 26/10/11, 19:25

You play bancoply all without knowing it and losing every time
http://www.agoravox.fr/actualites/econo ... eur-102959
http://www.creationmonetaire.info/2011/ ... ie-20.html

to read with care very serious and fundamental:
http://wiki.creationmonetaire.info/imag ... RM_2_0.pdf
https://www.econologie.info/share/partag ... F3tO5k.pdf

This money creation benefits
essentially to the states and the big
companies even though they produce the
more often with outdated processes and
extremely expensive, outdated values ​​and
no interest for 90% of the population. This
system benefits only a few individuals
privileged, and encourages speculation
incestuous between Banks. The winner stores
his winnings, and the loser goes bankrupt, acting
at the end of the operation, a monetary creation
central without any compensation.
Even as the currency is a tool
common intangible for an exchange of
productions within the economic zone she
is used to hold power related to the
ability to deprive sovereign citizens of
exchange tool while forcing them to use it (and
60
so in particular to pay under the constraint of
taxes and credit interest in this
currency whose issue is controlled by
elsewhere).
It is clear, however, that the only decision
to stop allocating additional credits to
a pseudo-isolated economic zone, makes it
in mechanical incapacity (and not
fundamentally productive) to repay the
capital and interest.
"Growth" in the sense of GDP can therefore
to be a total lure. There is growth only
the money supply, which comes with a
stunting effect in monetary value
monetized economic exchanges, which
whatever their relative form in space and in
the weather.
There is then a scientific bias
unacceptable to make measurements using
of a tool whose experimenter chooses the
parameters as it wishes, and without
account for changes in its results
otherwise than by subjective choices.

The buying potential of a fixed salary has fallen
more than 50% between 2000 and 2010. Other
says it's likely that the prices of a majority of
"relatively stable" goods in terms of
request between these two dates have increased
more than 100% over the same period. He is strong
amazing to see how much the lie as to
to measures yet verifiable can
spread within democracies where power
media is supposed to represent the guarantee of
transparency
find in 2010 a
growth of 7% / year on 10 years of mass
monetary policy, and to hear that
monetary policy "is to maintain" inflation at
2% "is so absurd that it will not be surprising
to see coming sooner or later a violent catching up,
either by blows on the most values
requested, either gradually, but it is
mechanically impossible in the long run of
to make two figures coexist totally
contradictory.



Disturbing question ...
The question that torments me: how could I live so long in this system without realizing previously of its structural inequality? This ignorance is the basic reason that keeps the current system.

The most perverse in history is that it's me who implores the banker to create money to praise it ...

To solve the problem, I must correct at the source: my own requests. Taxes to correct this major imbalance, it's like asking an obole for his thief.


Hungary has the solution against the scams and traps of banks:
http://www.agoravox.fr/actualites/econo ... les-102468
a very important law was passed by the Hungarian parliament last September. As reported by the newspaper Minute, this law now allows Hungarians who have subscribed credits in Swiss francs, euros or yen, via complex financial products of foreign banks, to repay them in Forints, the national currency! Households will therefore be able to repay at a fixed preferential exchange rate. Hungarians have until 30 next December to apply to banks and will have 60 days to make their refund. Indebtedness could have access to forints credit to finance their transactions, which will amount to reconvert these credits into the Hungarian currency. So these are credit institutions that will have to pay the difference

Exceptional tax on banks
Since his appointment, the Hungarian Prime Minister Viktor Orban has decided to "end the era of bankers" to "protect people fooled by a practice that makes them bear all the risks and all the losses". As Minute newspaper reports, since May 2010, the Orban government has imposed a special tax on banks and foreign multinationals. The Hungarian government even managed to repatriate 11 billion euros accumulated in foreign pension funds to the state coffers.
Decisions that trigger the fury of the banks

This law provoked a strong reaction from the Austrian banks very involved in Hungary. And of course what the banking system wants, the European Union (EU) obey. The EU has warned that the bill could be illegal, unbalance the credit market and hinder Hungary's weak economic growth. For the moment no retaliatory measures have been announced by the EU, but it is a safe bet that it should arrive in a second time.
The European Union and the banks do not want this law to be an oil patch in Europe

The EU and the banks have only one fear: that the European peoples realize that simple measures are able to change things. With this question: who should govern the destiny of a state, the banks or the people? The Hungarians have chosen to take their destiny into their own hands.


Otherwise the banks will tighten our belts in France:
Government test balloon to lower pensions and public servants' salaries
http://www.agoravox.fr/actualites/econo ... our-102910
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by Christophe » 11/12/12, 20:20

Episode 2: who benefits from the debt?



(small video well made ... with the accent and Belgian expressions :) )

Source: http://www.onveutsavoir.be
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by Christophe » 30/12/12, 20:30

Another video:

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by Christophe » 21/01/16, 01:57

(re) understand the debt crisis in 30 minutes, Belgian version (and it's not a joke unfortunately):

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by simplino » 21/01/16, 14:33

More Financial Madoffs and Victims in Solar FSF FSF evaporated savings in the ecological 7% of report :
http://www.leparisien.fr/economie/votre ... 471591.php
http://www.agefiactifs.com/droit-et-fis ... ants-72990
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