Articles NewsFlow La Cote de l’or et de l’argent Market Briefing

Recevez notre Marketbriefing

ranbotrader
Membre depuis mai 2012
188 commentaires - suivi par 1 personne

1 abonnées

A laissé un commentaire sur l'article :

Lessons From the Panic of 1907

- Jesse - Le Cafe Américain

"the central government at this time was weak, and regulation was largely in the hands of the business principals"

"If you wish to take the measure of a society, look to how its weakest members are protected from its strongest, and its predators skulking at the fringes."

The above comments tell a compelling tale.

The GFC made two things abundantly clear: that the rich bankers who caused the collapse of the financial system with their over abundant greed were absolved from prosecution and that the the very rich were free to ravage the poor as they liked. These observations should come as no surprise to fair minded citizens watching the system of government protect the 1% as though they owned everything and as thought they were a proverbial 'sacred cows'.

The first quote above needs to be viewed with respect to the Obama government which is unable to achieve even a small wage increase for the poor because the Republican side of politics, owned by business interests, blocks any measures to restore fairness and equity, preferring instead to pursue a policy of slavery by stealth.

The second quote shines more light on what has been happening with pay for at least the last decade. Whilst CEOs, senior staff and sports stars justify their obscene and fast growing pay deals big business continues to rape the poor and refuse any real pay rises of any sort.

I fail to understand humanity and the blase uncaring attitude of the rich who live in the belief that they deserve everything and that the poor are lazy good for nothings who deserve nothing and need to be happy with the cards they are dealt.

Indeed a collapse must be around the corner as the current system can only lead to eventual revolution or collapse. What those who own the game do not realise is that their sullied existence can only be maintained in the context of a system where money goes around and is available to everybody. It is money going around which makes the system work, not all wealth in the hands of the few.

Commenté il y a 3691 jours

envoyer

Début de l'article :I have just finished reading The Panic of 1907: Lessons Learned from the Market's Perfect Storm, written by Robert Bruner and Sean Carr in 2007. It is an extraordinarily well documented, step by step study of one of the worst bank panics and stock market crashes in modern times. The broad stock market declined 37% from peak to trough in less than 15 months. Here is an extended quote from the authors' closing remarks. "Why do markets crash and bank panics occur? Any single case study, such as... Lire la suite

Répondre à ce commentaire

Vous devez être connecté pour commenter un article

8000 caractères max.

connectez-vous ou inscrivez-vous

	Nos flux RSS		24hGold Mobile
	Gold Data Center		Convertisseur Or Argent
	Pièces d'or sur eBay		Pièces d'argent sur eBay
	Minières : outils techniques		Minières : outils d'analyse fondamentale