Ruphus -> RE: Economical Crisis in Spain (Dec. 2 2010 10:28:44)
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Greed did this, the greed of a financial industry unhindered by adult supervision. The second myth that enabled all this was deregulation, the notion that the "invisible hand of the free market" needs no policing. Decades of deregulation pushed by the Republican agenda took the cop off the beat, and took all risk out of the game for the high rollers. Well observed. Of the mass manipulating paroles enforced in the past decades one has been the one about deregulation. A legitimation to squeeze out consumers and interpret that such could be of benefit to them in the same time. Simply paradox, and indicating that autonomous thinking and coherence mustn´t be counted with within a systematically incapacitated common sense. Another maxim implanted was the one according to which privatizing states infrastructure, real estate, supply and services would be equalling efficiency. A claim never proven before the agenda; foreseeable and naturally shown as inherent nonesense. But what it was good for has been the grossly intensified sell-out of states properties; if practical gifting for nothing would be counting as "selling". ( For with the common privatisation procedure if money been paid at all, it being returned through subsidies within the first years after pocketing. - On top of the usual, unhindered price explosion following right after privatisation.) That way, over the past ~ 25 years most industrialized states have been robbed of almost their complete properties ( often times around 90%). Properties originally financed through hugh investments of tax money, bargained and gifted away, only for unabashed, subsequent further milking off by the new owners through excessive raising of fees and prices. That way state´s households have become systems which for the vast of citizens only have one direction of cash flow anymore, which is intake to the states. With almost all states services these day being due to charge. Sometimes even service of fire brigades, police operation or just a paper copy in offices. Whilst for the new onwers of formerly official plants things look diametrally opposite. They can use the annexated facilities to squeeze from customers boundlessly, yet claim for subsidies with compliant officials justifying states donations as preservation of working places. quote:
homes are usually poor investments when compared to the rate of return a person would get in the stock market. That sounds as if stock markets where reasonably predictable like they used to until decades ago, and ignores the circumstance that times are over since quotes of shares were basically related to performance of companies. Today instead stock markets in the end arebeing completely arbitrary due to collusion and gaming of funds, capable enough to steer exchange markets to their liking. Yet not obviously enough, after the past two decades? quote:
And now the banks are pressing the governments to guarantee their bonds! In fact there isn´t really pressure needed, as states being capital-owned. Just in Berlin we have 5000 lobbyists ensuring the running, stuffed with official ID-cards to freely frequent the parliament. How many yet do you have swarming around in Washington? quote:
And if you think the bailout is part of this international banking cartel's criminal activity, what would you suggest as an alternative to the bailout? No bailout. The claim after which national economies had to collapse if banks weren´t bailed out, is a hoax. Apart of the fact that you could ask yourself how financially potential undertakings like banks wouldn´t be due ever since to entertain business-related sufficient hedge. And while at that: How does the fact that banks are relieve of market law, with states nourishing them by supplying them tax money nominally, in the same time allowing them to use that money to lend it back to state and citizens with hundreds and thousands percent upcharge in interest? Can´t such odd bonanza make halt and think from ground up, yet after hearing of it? In case that it could: Imagine: If governments were to be authentic legation of the people, neither banks nor insurances or real estate brokers could be in Cockaigne as they are. For these services would only logically be conducted by states with rational recompense. quote:
There is no international banking cartel, criminal or otherwise, but the way bank staff have been paid before and during the crisis is disgusting, unacceptable and must be stopped. No cartel?! Better not to feed from FOX news, maybe rather observe somewhat serious papers like the Washington Post, New York Times or thelikes. Pretty much all of produce and service, except niches supplied by small manufactureres, fix market conditions by price gauging, cartels and engaging the state with keeping international competition down through customs ( in an elsewise allegedly free market!). Despite of little investigation anymore / informative degeneration and press concertation through media combines over the past ~ 15 years, just the disclosures of bypassed cartel members themselves are regularly delivering headlines since roughly ten years, only disposing the tip of the iceberg. Check it out. Ruphus
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