Allan Greenspan was responsible for the complete deregulation of the financial market and
invented many forms of derivatives (derivatives are mutual agreements,
their pricing on a market-dependent reference value (underlying or
underlying) is based. - As Wikipedia), contributing to the creation of fictitious values
gigantic scale, the derivatives bomb decisive:
500-600 billion U.S. $ as derivatives wander around the world. This corresponds
seven times the gross national product of all the economies of the world.
are currently offered about 260 000 products. Record level.
certificates, no matter if it says wheat, gold or stock, are in essence nothing more than
securitized loans to issuers. The repayment rate depends on a
index or a stock, gold certificates at the price of an ounce. Does the
Issuer bankruptcy loses, the owner its full use.
derivatives are not included in special funds.
It is a gigantic money bubble created without parallel in rem goods.
Most derivatives are betting only on price developments. If all goes well
profits beckon, but without any real value. The profits go only as long as
new derivatives can be issued. A pyramid scheme.
I propose a deal. You lend me 10 000, - EUR. I decree
conditions under which you receive interest, and under what circumstances I
ever pay back. Should I go bankrupt during the term, I pay
course nothing back. Is it a good deal for you. In any event, could
Co. and Lehman clients explain.
The above figures are still the good news, considering that
not really know so precisely how much the time derivatives in
circulation and appreciated that this also on 700 trillion and 1 trillion
€ can be estimated. This compares to an estimated 100 billion euros of assets traded
over the world. The real property at
the earth are so much smaller than the derivatives, which actually
as an outstanding example of the partial reserve system can be considered.
The financial oligarchy that is has on the entire world's traded capital - applied a partial factor of
at least 7 to 10 - what
see it clearly as his own needs. These possibilities could be opened only by derivatives
.
The real problem is the poor bankers, their banks now by this
magic levers are in difficulty - which is to save. For example, with
500 billion euros by the German tax payer.
I hope you can now imagine the financial crisis a little better. Man
tried here so the world with less than 10 trillion euros, the financial magic
construct save in financial assets of around € 1 trillion
(1,000,000,000,000,000 EUR).
For those who still have illusions about the state of the world financial system
and believe that it is possible with unlimited printing money solve anything here
was cited again, the American economist Lyndon LaRouche: "Paulson and all
central bank governors have lied deliberately than they ever faster changing
translated bailout in motion. The real problem, nobody wants to talk about the
is the mass of liabilities from derivative contracts,
exist in the order of trillions of dollars. "
This hyperinflationary bomb would, if they are not defused, the bringing
world financial system to collapse. "Until the whole derivatives trade
is made tight and these gambling debts from the books be removed,
is lying to himself in the pocket. It is time to break the silence on derivatives
. The real hyper inflationary factor in the whole affair is incredibly bloated and
the unregulated derivatives trading. This is the factor of
kill us. "This is going to the account of former Fed chief Alan Greenspan
that this was" his great crime. "
According to data from the U.S. currency Supervisory Office (OCC), on 30 June 2008
published, alone kept the three largest U.S. banks (JP Morgan Chase
, Bank of America and Citicorp) outstanding derivative contracts worth
179.4 trillion in investable assets of only 5.6 trillion dollars.
According to the Bank for International Settlements (BIS) is to
amount of outstanding contracts worldwide to over 675 billion dollars, but
that will not be an understatement. John Hoefle of Executive Intelligence Review
expects well over a trillion dollars, he writes: "The efforts
Treasury Secretary Henry Paulson and his, crash prevention teams "
being lost because the biggest mountain collapses of financial betting shops in the world
story about them. Even if a bank rescue
now achieving unprecedented extent, is still tiny in comparison to the cancer tumor
want to save it.
is the driving force in all this kind of global casino, called the
derivatives market - a market of all mortgages, debt and equity markets of the world combined
far in the shade. While the mortgages, bonds and equities
add up to total billions, has the global derivatives market
a volume of trillions ... The total volume to quantify exactly
is impossible - but it must be specified very easily, how many of these derivative market
is worth. Nil "You could not get any exact numbers because the
majority of derivative contracts are traded off balance and completely
unregulated .
Hoefle continues: "The derivatives were the great financial innovation of
Greenspan era, casino-like betting on the price movements of currencies,
bonds and stocks took the place of actually keeping these things in order
you could make easy profits. The volume of bets already exceeded
soon the extent of the markets in which they were based nominal, and the derivatives were the main source of
, Profits "in financial markets. That these profits "
were purely fictitious, not better than the chips in the casino, seemed irrelevant, as long as the market grew
and streamed in the money. But in the summer of 2007, died
the financial system, and this was also the derivative game to an end.
now destroyed, the collapse of the derivatives market, the world financial system, and the
speculators fight to save their fictitious profits "by the largest government bailout in history
. It should be emphasized that is
can only be a test, because all the money in the world is not enough to pay all their
play money bets. And if central banks tried to print
this money would create the a hyperinflationary bomb which burst
not only the remains of the financial system would sweep away, but the
governments, economies and resources for a large part
the world population. The hyper inflation would wipe out the value of the dollar itself
, and with it pensions, savings, bank accounts, stock portfolios and
all other assets. Households, businesses and governments would
ruined, so that virtually ceased, even the states to exist. This is
only a rough sketch of horrors that would happen if we followed this path
.
It is therefore essential that the rescue efforts for the derivatives bubble immediately
be set. All derivative contracts should be null and void and
be removed from the books of the speculators. Any financial instrument
contains the derivatives should also be declared null and void and in the
directories are deleted. One must conclude this unregulated, casino
mad and cancel all debts due to derivatives, as it would
. Bet this never was "
Lyndon LaRouche emphasized:" As long as one does not care about the derivatives bubble
- a bubble that can be saved or should not - make the
charge of something, "It should. to swallow the time for Treasury Hank Paulson and his successor
"the only effective medicine: a
bankruptcy for the entire dollar-based financial system. And the first step in such a
bankruptcy procedure would be the repeal of all these
trillions of gambling debts. "Without the planet is doomed to live a
horrible dark age, just as in the 14th
century after the collapse of the Lombard banking system.
brief: INVESTMENT MAGAZINE (The original
) appears with a German edition, a global issue and
an Asian edition for more than 10 years as an independent magazine fürInvestoren
and financial professionals. Here, the so-called "HNWI in focus" position.
supported by the growth of market capitalization in the emerging markets
increased the total assets of the world's High Net Worth Individuals
(HNWIs - individuals with net financial assets> 1 million U.S. dollars
without consumables and owner-occupied Real estate) in the year by 9.4% to 40.7
trillion U.S. dollars. This is according to the published by Merrill Lynch and Capgemini
twelfth, which is published annually, World Wealth Report.
The worldwide number of HNWIs in 2007 was 6% to 10.1 million.
same time increased the number of very wealthy individuals (Ultra High Net Worth Individuals
- UHNWI - individuals with net financial assets> U.S. $ 30 million
without consumables and owner-occupied homes) by 8.8%. For the first time since the founding of this report was
the average HNWI wealth in
the threshold of 4 million U.S. dollars exceeded.
INVESTMENT one of EBIZZ.TV.
More info at
http://www.investment-on.com
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