between Scylla and Charybdis PART ONE
The situation is serious, it prevails again panic joy.
crashed the stock markets, banks imploded, the real estate bubble burst, gold rose exponentially, and we stuck in the middle of colorful chaos of the greatest economic crisis since 1929, with all its attendant ...
get me wrong, I understand declare no apocalypse in the style of the tabloid, even though it is very possible, I do not belong to the species that has always known everything and said that even though I've written repeatedly over the years, that we take the cart against the wall. I feel so superior morally or otherwise. Furthermore, this is not a practical guide for use in potentially impending disaster situations, I still want a new chapter, recently requested amazing, "capital" Add by Marx, nor will I start a new religious group.
These comments are simply an attempt to combine some thought to possibly determine where we are and to imagine what may happen there ...
... And to know how you feel.
A man goes to the casino and loses 30 billion U.S. dollars, thirty billion in words.
To have an idea of \u200b\u200bthe dimensions we are talking about needs at a monthly salary of $ 2,000 to at least 1,249,998 years for this to earn sum, based on a human life would have more than 30,000 people work for 40 years to earn that sort of sum. In great despair
consulted the person Mr. Barak Obama and ask for a little support.
In this case (at the time accumulate them) is it is Lord, "Wagoner" act, he has held the respectable and secure lucrative post of head of casinos under the name "General Motors, also known as the parent company of Opel. Certainly is both the support he received it and its apparent inability in the economy may continue to prove it and also, at public expense, are paid princely.
we disturb us in the further fact that it is Mr. Wagoner is a U.S. citizen, for our example can be transferred easily to European and German states. A prominent example of the "Hypo Real Estate" was called Casino.
(Klaus Singer, Time Pattern Analysis)
(1) of Hypo Real Estate (HRE) to have been made in some highly speculative transactions in billions of dollars that do not appear in the balance sheet. It is now of a sum of just under one billion euros, the speech must be constantly refinanced with new loans. The federal government has the legal requirements für eine Enteignung geschaffen. Ein Großaktionär verlangt knapp drei Euro pro Aktie, etwa das Doppelte des aktuellen Kurses. Warum so bescheiden? Hinzu kommt, dass Pfandbriefe ja vielleicht auch weiterhin eine der sichersten Anlageformen sind, aber seit der Krise um die HRE ist der Markt fast völlig kollabiert. Und ob er nochmals aufersteht, ist mehr als fraglich, insbesondere seit Anfang der Woche, als die Bundesregierung Garantien für Bankanleihen von drei auf fünf Jahre verlängert hat. Die sind damit jetzt praktisch so sicher wie Pfandbriefe (so lange die Bonität stimmt...). Damit kauft die Regierung eine Bank, deren Geschäftsmodell ohne Zukunft ist. Das bedeutet nicht anderes, als dass kaum eine Chance besteht, dieses Institute ever to profitability and sell at a profit. Who is probably for the above sum now? Yes, Mrs Merkel and Mr Steinbrück personally - who else
A Konjukturpaket, like that of Obama amounts to (yet) to 800 billion dollars, corresponding to 625 000 workers who work their whole life would have to earn this sum . This decorative
example turns out to perhaps a bit too didactic manner, how far the Kasinokapitalimus has degenerated: The state merges with the financial capital to a new, vast, diverse hubris.
privatize profits, socialize debt, ie, the hit black and brown ist die Haselnuß.
Wenn man aber in der bisherigen Logik verfährt (zu einer unkonventionellen Maßnahme später) , müssen die so sozialisierten Schulden verzinst zurückbezahlt werden, das bedeutet in der letzter Konsequenz nichts anderes als höhere Steuern in der Zukunft. Mehr Steuern bedeuten weniger Geld beim Bürger, weniger Geld bedeutet weniger Konsum, weniger Konsum bedeutet, weniger Wachstum, weniger Wachstum mehr Arbeitslosigkeit. Arbeitslosigkeit bedeutet weniger Geld, bedeutet weniger Kons...stop, geht das nicht anders?
Eine Möglichkeit, sind staatliche Anreiz- und Verteilprogramme wie z.B. die sehr sinnreiche Idee der Abwrackprämie, also noch gute Autos frühzeitig zu verschrotten to buy new ones. Only you need not be the Great Spirit to predict this short-lived modestly unconventional measure. As Keynes said
, laying the foundation of all welfare states:
"In the long run we are all dead."
How true!
The situation is so very serious, as will be seen hereafter.
Capitalism, so often declared dead and yet alive, his Praxisuntauglichkeit shows obvious way and will of the states with cash infusions more alive. What we have here is far from the greed and incompetence of some managers to
do, but are possibly the beginning of a turning point, as Marx innewohnenede as capitalism Self-destructive tendency is described in detail, at least at the end of a very long cycle, which alone has the stuff to cause a several-year depression. What has been held against the real world "Communist systems", namely that it was in reality state capitalist systems that could function if only because there was no universal competition and no market is now in the crisis at once natural and acceptable. The state assumes the defacto director of sponsored by him and now even ruined a market economy.
capitalist state monopolies will work better than pseudo-communist?
no question of the real existing socialism was a big mess, but it was never a socialist in the Marxist sense. Certainly one will pin me down now, but I in no way advocating here Stalinism!
However, it should be allowed to ask why one should pay as citizens for the mistakes of the conductor in the orchestra of financial capital?
pay will not!
Would not that be a perfectly reasonable idea?
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