Världsekonomin rasar strax ner i ett svart hål med en gravitation vars reellt kosmiska verkningskraft står i proportion till den kosmetiska sminkkraften med vilken värden uppblåsts och medborgare lurats.
”Once money represented stuff of value. In recent years the derivatives market has exploded, it is trading ‘complex financial structures’ – bets which might pay, but are underpinned by nothing substantial. They are used as securities to get real money from banks, I haven’t heard that this has stopped.
£ 65 trillion is said to be the total of derivative value, much more than the world GDP.
Banks havn’t cared that securities are dodgy, they will be paid interest on the loans for now and their risk is backed by each other and by the govt. They are ‘too big to fail’.
The real money from fraudulant derivatives make financiers ludicrously rich and enable corporations to shovel the rest of the earths and peoples resources into their gaping maw.
This seems obvious when you look at the figures, but it is not being said officially. Am I missing something or is everyone else deceived by the emporors derivative clothes? ”
Kapitalackumulationen och den jobblösa ”tillväxten” som neoliberalismens värdepapperisering, avregleringar, upphandlingar och privatiseringar möjliggjort är frukterna av gigantiska, gangsterekonomiska bluffkoncept som kommer att avgrundsfördjupa globaldepressionen när den väl lägrar sig likt en solförmörkelse över planeten, för att sen dra alla med sig ner i sitt hypermassiva svarta hål.
Ändå gör de allt extremare högerpolitikerna INGENTING för att stoppa spekulationsekonomin och minska massarbetslösheten, tvärtom. Så korrupt ansvarslösa är de.
Således hjälper de banker och ”investerare” att privatisera vinsterna och socialisera förlusterna genom att migrera ansvaret för ”risktillgångarna” till skattebetalarna med ”räddningspaket” efter ”räddningspaket”, ECB:s LTRO och nu senast OMT (idétorkan beträffande Draghis namngivning av de gangsterekonomiska manövrarna med skattebetalarnas pengar antar i det närmaste komiska dimensioner när det kommer till att via imposanta akronymer dölja tomheten som döljer sig därbakom = Outright Monetary Transactions).
I USA är man mer kortfattat kryptisk – QE1, QE2,QE3 osv. Quantitative easing är lätt som en plätt, men backa upp det med värde svårare för allt har migrerats till skatteparadisen eller varhelst enprocenteliten nu bunkrar upp vad de roffat. I den mån det ens existerat några bakomliggande säkerheter:
”Chinese banks and companies looking to seize steel pledged as collateral by firms that have defaulted on loans are making an uncomfortable discovery: the metal was never in the warehouses in the first place.”
Dagens mest vältaliga graf finner ni här. Inte synd om Tyskland med andra ord, utan om folk i resten av eurozonen och hela EU, trots krokodiltårs-argumentationen om Tysklands ”betalningsbörda” som antagit närmast dolkstötslegendariska dimensioner.
Det är ju av monstruöst egenintresse som Tyskland säger ja till ESM, ‘mekanismen’ som i själva verket är en ren bailout till stenrika, tyska banker och investerare, vars intressen till bokstavligt talat varje pris ska skyddas. Inte med ett öre ska de själva behöva stå för sina kreditförluster i PIIGS-länderna, trots att de bågnar, ja håller på att sprängas av pengar. Det ska istället skattebetalarna i EU och resten av världen stå för.
Tyska investerares samlade risker i PIIGS-länderna uppgår ju till över 1000 miljarder euro.
Den tyska räkning som inte ESM skickar till skattebetalarna i hela Europa, den skickas till skattebetalarna av ECB (och IMF). Med Merkels mycket goda minne.
Peter Sutherland, Goldmann Sachs International, f d EU-kommissionär förtydligar:
”The emphasis on conditionality puts the responsibility for the euro zone back on the shoulders of politicians.”
”Let’s be serious. The arithmetic says that unless you are willing to cut entitlements you will not bring your fiscal house in order that is a reality of economics.”
Kort sagt, välfärden ska slaktas. Socialförsäkringar bort. Säg upp folket i offentlig sektor i alla EU:s medlemsländer (utom de som skattefinansierat skrapar ihop jättevinster till riskkapitalisterna förstås – deras pipeline till skatteparadisen måste ju hållas intakt).
Deutschland über alles, det är vad som gäller – nu lika väl som på 30-talet. Nästa år blir massarbetslösheten i hela EU (utom Tyskland) således lika monstruös som sitt upphovsland. Och den tyska lösningen heter nu som då – No Mercy. Till sin hjälp har de Draghi, som med eutanasiprogrammet OMT också blir enväldig austeritypolitiker i Merkels extremhögeranda:
”The ECB will consider OMTs for countries that request support from the European Financial Stability Facility /European Stability Mechanism (EFSF/ESM) and sign up to the accompanying programmes, Draghi said. Bond buying will be subject to ”strict and effective conditionality” and will cease if there is ‘non-compliance with the macroeconomic adjustment or precautionary programme.’ [. . .]
OMTs should help reduce the risk of self-fulfilling liquidity crises, which would be credit positive for the affected sovereign, although as we said in August, a key consideration is whether official intervention signalled a loss of market access. If so, the implied loss of financing flexibility and reliance on policy-conditional funding would not be consistent with a rating above the ‘BBB’ category unless this situation was judged to be short-lived. We would determine the credit and rating implications of financial support for eurozone sovereigns on a case-by-case basis.”
SVERIGE UT UR EU – NU!
Läs: AB – Tyskland säger ja till stödpaket, FT blog – Gavin Davies: Eurozone building blocks are falling into place, CNBC – Draghi alone cannot save the euro, CNBC Video, Financial Times – Weidmann is winning the debate on policy, SVT – Borg: För tidigt att ta ställning till en bankunion (min anm: Med andra ord säger han ja lite senare), SVT – Tysk domstol godkänner stödfond – citat: ”Villkoret att Tysklands parlament ska hållas underrättad om ESM:s beslut innebär att en klausul om konfidentiella beslut i avtalet inte godkänns av den tyska domstolen.” dvs finansminister Schäuble (ESM utgörs av euroländernas finansministrar) måste hålla den tyska riksdagen ‘underrättad’ om hur han självsvåldigt beslutar över skattebetalarnas pengar, vara med och bestämma över sina pengar det får skattebetalarna däremot inte, över dem bestämmer Schäuble själv (och inte bara över Tysklands skattepengar utan många andra länders också, eftersom den tyske finansministern fått oproportionerligt stor makt i ESM) [min anm: Fattar ni? Alla andra länder har alltså gått med på att alla beslut och diskussioner i ESM är lika hemliga som mörkeraffärerna på finansmarknaden – skattebetalarna får alltså inte veta ngt alls om vad deras pengar används till – det är helt enkelt ofattbart att ett sånt här ”fördrag” har kunnat gå igenom. Makten över statskassorna att fritt förfoga över har lagts i händerna på finansministrarna (och mest hos den tyske) som inte ens är redovisningsskyldiga inför vare sig riksdagar, väljare eller media – allt är hemligt och de åtnjuter immunitet. ESM har också rätt att kräva in vilken summa som helst av euroländerna och de är skyldiga att skicka den till ESM inom 7 dagar. Detta är med andra ord regelrätt diktatur. Hur tror ni betalningsviljan vad gäller skatter kommer att bli med ett sånt ”fördrag”?].
RT @PMRisman: Nu har vi i en vecka diskuterat vilka som utgör en belastning i Sverige och inte en enda gång har vi diskuterat de som förstö… 2 days ago
Many are afraid that tackling climate change is going to be too costly. But increasingly, studies are showing action will not just be cheaper than inaction, but could actually result in economic, environmental and even health benefits, while improving sustainability. This new page includes more information on the above issues. Read full article: Action on cl […]
Recently released data showed that 2014 was the hottest year since records began in 1880. This update includes updated charts and graphs and animations that look into this further. Read full article: Climate Change and Global Warming Introduction
An overview of the Climate Change Conference (also known as COP 20), held in Lima, Peru in December 2014. While it seemed like it was a successful meeting, because developing nations were committed to drawing up their own plans for emissions reductions for the first time, a number of important issues were left undecided such as how financing would work. This […]
Our panelists discuss the future of the U.S. relationship with North Korea under the Biden administration, including the country’s nuclear capabilities and ambitions, and China’s role in the peninsula. The Transition 2021 series examines the major issues confronting the administration in the foreign policy arena.
The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their implications for U.S. policy. This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is dedicated to the life and work of the dis […]
Ray Takeyh discusses his new book, The Last Shah. Offering a new view of one of America's most important and widely misunderstood relationships, The Last Shah significantly revises our understanding of the United States and Iran's complex and difficult history. The CFR Fellows’ Book Launch series highlights new books by CFR fellows.
On the one-year anniversary of Think Global Health, CFR’s website devoted to global health, our panelists discuss how the COVID-19 pandemic has changed the way we think about the role of global health in shaping economies, societies, and everyday lives. This meeting is cosponsored with CFR’s Global Health Program.
Our panelists discuss the future of the U.S. relationship with North Korea under the Biden administration, including the country’s nuclear capabilities and ambitions, and China’s role in the peninsula. The Transition 2021 series examines the major issues confronting the administration in the foreign policy arena.
The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their implications for U.S. policy. This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is dedicated to the life and work of the dis […]
Ray Takeyh discusses his new book, The Last Shah. Offering a new view of one of America's most important and widely misunderstood relationships, The Last Shah significantly revises our understanding of the United States and Iran's complex and difficult history. The CFR Fellows’ Book Launch series highlights new books by CFR fellows.
On the one-year anniversary of Think Global Health, CFR’s website devoted to global health, our panelists discuss how the COVID-19 pandemic has changed the way we think about the role of global health in shaping economies, societies, and everyday lives. This meeting is cosponsored with CFR’s Global Health Program.
Our panelists discuss the future of the U.S. relationship with North Korea under the Biden administration, including the country’s nuclear capabilities and ambitions, and China’s role in the peninsula. The Transition 2021 series examines the major issues confronting the administration in the foreign policy arena.
The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their implications for U.S. policy. This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is dedicated to the life and work of the dis […]
Ray Takeyh discusses his new book, The Last Shah. Offering a new view of one of America's most important and widely misunderstood relationships, The Last Shah significantly revises our understanding of the United States and Iran's complex and difficult history. The CFR Fellows’ Book Launch series highlights new books by CFR fellows.
On the one-year anniversary of Think Global Health, CFR’s website devoted to global health, our panelists discuss how the COVID-19 pandemic has changed the way we think about the role of global health in shaping economies, societies, and everyday lives. This meeting is cosponsored with CFR’s Global Health Program.
“Can you put on the cooking podcast? It’s more narrative-driven than the workday podcast, but a little less structured than the walking podcast, and has a more compelling host than the shower podcast.”
Jeff Williams, the mayor of Arlington, Texas, is urging his fellow Republicans to support President Biden's Covid-19 relief bill to help local cities recover from the pandemic.
At least 38 people were killed at pro-democracy protests in Myanmar on Wednesday, the UN's Special Envoy to the country told a briefing Wednesday, in the deadliest day of violence since a military coup on February 1.
Buckingham Palace said Wednesday it would investigate allegations that Meghan, the Duchess of Sussex, bullied several staff members after a British media report cited unnamed royal aides saying a complaint had been made against her in 2018.
There are about 2.5 million farmworkers around the U.S., many of them undocumented immigrants working under dangerous and exploitive circumstances without sick leave or healthcare. Despite their status as essential workers, however, many farmworkers are facing an uphill battle to get vaccinated against COVID-19. Estella Cisneros, legal director of the Agricu […]
New York Governor Andrew Cuomo is facing mounting calls from fellow Democrats and progressive organizations to resign or be impeached over sexual harassment allegations and his cover-up of thousands of COVID-19 deaths in New York nursing homes. New York Attorney General Letitia James has launched an investigation after three women — two former aides and a wo […]
Anti-Asian hate crimes have spiked across the U.S. over the past year, fueled in part by Donald Trump's racist rhetoric about the coronavirus. One recent study found a 150% increase in hate crimes targeting Asian Americans in 2020, even though overall hate crimes fell last year. Ron Kim, member of the New York State Assembly representing the 40th Distri […]
Biden Vows Vaccine Supply Will Be Enough to Vaccinate All U.S. Adults by End of May, Texas Lifts All COVID Restrictions; Sanders to Force Vote on $15 Minimum Wage, WH Pulls Tanden OMB Bid, Senate Confirms Raimondo for Commerce Dept., Rouse as Top Economic Adviser, Seth Harris, Who Wrote Blueprint for California's Prop 22, Tapped for Top Labor Role, FBI […]
We look at how people across the U.S. have struggled to access abortions during the pandemic with reporter Amy Littlefield, who says that even before the COVID-19 outbreak, many states had restrictions, including three-day waiting periods and counseling sessions filled with misinformation. Then, many tried to use the pandemic as a pretext for banning abortio […]