5 feiten die je moet weten over het financiele systeem.

[Armijn]

Kwam net dit artikeltje tegen op het depression blog en ik dacht dat dit hier wel een paar mooie discussies kon opleveren:

Fact #1: Banks are Insolvent.

The only reason they’re still in business is because they are permitted to value their balance sheet at whatever price they choose. I could privately value my car at $500 TRILLION, but that doesn’t mean I’ll get that price for it when it comes time to sell.

Ditto for the banks and their garbage saturated balance sheets.

Fact #2: Countries are Insolvent

Europe, a union of broke countries, recently announced it is bailing itself out. This is a bit like your bankrupt friend announcing he is gifting himself $1 million: it DOESN’T SOLVE ANYTHING. As I’ve stated time and again, you CANNOT solve a debt problem by issuing more debt.

Fact #3: Wall Street is Crooked

Anyone who even wants to debate this can look at Goldman Sachs’ latest trading results: Goldie made money EVERY SINGLE DAY of last quarter. As if that wasn’t statistically impossible enough, the firm pulled in $100 million+ on 35 out of 63 days. This simply cannot be done ethically. The only way your trading is that good is because you’re cheating (front-running your clients or manipulating the market).

Fact #4: The Central Bankers Cannot “SAVE” Anything

The world’s central bankers are clueless about fixing the debt problems (see Europe). If a private business employed the same tactics as Ben Bernanke and pals, it would be bankrupt. Leaving a paperweight on the “print” button is not a policy. Neither is buying garbage debt (something of NO value) at 100 cents on the dollar. Indeed, there’s a word for someone willing to the latter action; it’s “sucker.”

Fact #5: The Stock Market is Controlled by Computers

The stock market has rallied courtesy of outright manipulation and fraud. Bailout Ben’s money didn’t go to Mom and Pop America, it went to Wall Street where they gunned the stock market higher on next to no volume using algorithmic computer programs to front-run their clients (see Goldman above).

So markets today are not moving based on real investors, they are moving based on computers that trade back and forth in nanoseconds if not faster. These programs were created to reap a ¼ penny profit for each transaction the make (a policy the NYSE created to induce investors to continue trading and provide “liquidity”). However, as last Wednesday showed, when things start to get ugly all these “liquidity providers” seem to vanish in a hurry.


Roept u maar.

[isaros]

Mooie post, en zit zeker waarheid in. Ik vroeg mij deze ochtend af, na de zoveelste nachtelijke crash vd euro waar dit naartoe gaat. Dit is niet zomaar een financieel probleem dat je even kan fiksen, bankje redden, autofabriekje redden, maar eerder een maatschappelijk probleem. Ik zou zelfs de term devastating durven gebruiken. Met op een printknopje te duwen in een of andere centrale bank lost men het blijkbaar nie op, want de inkt is blijkbaar op.

[Dajo]

Fact #1: Banks are Insolvent.

The only reason they’re still in business is because they are permitted to value their balance sheet at whatever price they choose. I could privately value my car at $500 TRILLION, but that doesn’t mean I’ll get that price for it when it comes time to sell.

Ditto for the banks and their garbage saturated balance sheets.

Onzin, banken kunnen niet alles maar waarderen tegen een koers die het best uitkomt.

Fact #2: Countries are Insolvent

Europe, a union of broke countries, recently announced it is bailing itself out. This is a bit like your bankrupt friend announcing he is gifting himself $1 million: it DOESN’T SOLVE ANYTHING. As I’ve stated time and again, you CANNOT solve a debt problem by issuing more debt.

Onzin again: deze man gaat ervan uit dat Europa 1 is, Europa is gewoon een zooitje landen met eigen economien, eigen werkeloosheidheidscijfers, 1 munt en 1 monetair beleid. De wat rijkere landen staan nu garant voor het begrotingstekort van een ander land, dat heeft echt NIKS te maken met geld "geven" of "bailing out"

Fact #3: Wall Street is Crooked

Anyone who even wants to debate this can look at Goldman Sachs’ latest trading results: Goldie made money EVERY SINGLE DAY of last quarter. As if that wasn’t statistically impossible enough, the firm pulled in $100 million+ on 35 out of 63 days. This simply cannot be done ethically. The only way your trading is that good is because you’re cheating (front-running your clients or manipulating the market).

Deze meneer heeft echt geen idee waar hij het over heeft, zoveel is duidelijk, er zijn een miljard manieren waarop Goldman geld kan verdienen: Hij doet net alsof er bij Goldman alleen maar mannetjes op rekening van de bank zitten te handelen, nonsens natuurlijk.

Fact #4: The Central Bankers Cannot “SAVE” Anything

The world’s central bankers are clueless about fixing the debt problems (see Europe). If a private business employed the same tactics as Ben Bernanke and pals, it would be bankrupt. Leaving a paperweight on the “print” button is not a policy. Neither is buying garbage debt (something of NO value) at 100 cents on the dollar. Indeed, there’s a word for someone willing to the latter action; it’s “sucker.”

Een centrale bank kijkt gewoon naar wat de beste oplossing is voor een land, als er in de US NIET door de FED was ingegrepen en "garbage debt" was ingekocht dan was het land gewoon "tits up gegaan".

Fact #5: The Stock Market is Controlled by Computers
The stock market has rallied courtesy of outright manipulation and fraud. Bailout Ben’s money didn’t go to Mom and Pop America, it went to Wall Street where they gunned the stock market higher on next to no volume using algorithmic computer programs to front-run their clients (see Goldman above).

So markets today are not moving based on real investors, they are moving based on computers that trade back and forth in nanoseconds if not faster. These programs were created to reap a ¼ penny profit for each transaction the make (a policy the NYSE created to induce investors to continue trading and provide “liquidity”). However, as last Wednesday showed, when things start to get ugly all these “liquidity providers” seem to vanish in a hurry.

Bij die laatste "fact" is die man echt de kluts kwijt: ALS er al supercomputers zijn die een kwart penny "reapen" dan moet dat geld toch van IEMAND "gereaped" worden? Bijvoorbeeld van mensen die ingestapt zijn en dus "real investor" zijn.

Eindconclusie: De man die dit geschreven heeft, heeft overduidelijk nog nooit een bank van dichtbij gezien en is gewoon knettergek