Posts Tagged ‘market_crisis’
Jane buys a share in a company for $100, using $20 of her own money, and $80 borrowed from her broker. The net value (share – loan) is $20. The broker wants a minimum margin requirement of $10.
Suppose the share goes down to $85. The net value is now only $5, and Jane will either have to sell the share or repay part of the loan (so that the net value of her position is again above $10).
Maybe you can’t remember the crisis on 1929, but you can see this to know a little bit more:
Ok, but what’s the truth?
McFadden is also remembered for his criticism of the Federal Reserve, which he claimed was created and operated by European banking interests who conspired to economically control the United States. On June 10, 1932, McFadden made a 25-minute speech before the House of Representatives, in which he accused the Federal Reserve of deliberately causing the Great Depression. McFadden also claimed that Wall Street bankers funded the Bolshevik Revolution through the Federal Reserve banks and the European central banks with which it cooperated.
In 1932, he moved to impeach President Herbert Hoover, and also introduced a resolution bringing conspiracy charges against the Board of Governors of the Federal Reserve. The impeachment resolution was defeated by a vote of 361 to 8; it was seen as a big vote of confidence to President Hoover from the House.
In 1933, he introduced House Resolution No. 158, Articles of impeachment for the Secretary of the Treasury, two assistant Secretaries of the Treasury, the Board of Governors of the Federal Reserve, and the officers and directors of its twelve regional banks.
There were two attempts on McFadden’s life, a failed shooting and an apparent poisoning that made him “violently ill” after attending a political banquet in Washington.  He died in 1936 on a visit to New York City, and was interred in East Canton Cemetery in Canton, Pennsylvania.
Panic, suicides, recession… it seems to speak about 2008, isn’t it?
International Monetary Fund, World Bank and Prime Ministers and Presidents of the whole world say only “there is crisis”, “recession”, “economical crash”, “danger, danger, danger”… and so on.
Someone created this crisis, sat down on his chair. Someone will gain from this crisis, sat down on his chair. We’re stupid, we’re sacrificial lambs: our families, our money, our houses, we are losing all. Do you love your children? Fight against the market, the free market and neoliberism.
The officers who think the market as the first representative are very rare, if still exist. The current business philosophy stresses that trade has an ‘objective is to prevent that meet the needs, it must create additional needs that require to be met and identifies the task of’ creating demand with supply. That argument applies to any product, be it from factories or companies. The above business philosophy also applies to loans: l ‘offer of a loan must create and magnify the need to borrow. L ‘introduction of credit cards was a sign. The credit cards were launched on the market with a slogan extraordinarily seductive and revealing: “Why wait to get what you want?”. Want something but you did not earn enough to pay? Well, the old days, now happily gone, we had to delay the ‘fulfillment of their desires: tighten their belts, denied other beloved, be prudent in spending and parks and deposit the money so scrape on a savings account in the hope of success, with care and patience needed to accumulate enough to be able to realize their dreams. Thanks to God and the good heart of the banks is not so! With the credit card you can reverse the ‘order: get now, pay later. The credit card makes it free to satisfy the desires at its option: having things when you want to, not when you win six and you can afford to. That was the promise, but under c ‘was also a note characters, difficult to decipher although easy to guess in a moment of reflection: the perennial “after” at some point will become “immediately” and must repay the loan. The payment of the loans taken for not wait to meet immediately the old desires, to make it difficult to meet new ~ Do not think the “after” meant, as always, troubles in sight. You can stop thinking about the future only at your own risk. Surely the bill will be salted. As soon as that arrives late to the realization that unpleasant deferment of ‘appeasement was sostituitoun short postponement of the true terrible punishment for’ being hasty. (Zygmunt Bauman, influent sociologist)
What are we still waiting for?