I neither know Hungary nor visited it, but this song is amazing.
Comme toujours il est nécessaire d’interroger toute vision simpliste de l’histoire en lui soumettant des versions alternatives, révisionnistes. De cette démarche découle l’esprit critique. Cette vidéo est très intéressante. Je vous invite à la regarder et à lire le livre de l’auteur.
Juste quelques semaines après l’anniversaire du débarquement des américains en France en 1944, cette vidéo est plus que jamais d’actualité. Je vous signale la lecture révisionniste de l’histoire de la guerre froide qui la fait débuter en 1917 et non pas en 1945. A vous souvenir que John Reed était un journaliste américain, à regarder la lutte contre les communistes dans le film J.Edgar avec Leonardo Di Caprio lors du début du film, à vous rappeler le rôle des guerres dans l’enrichissement des Etats-Unis, l’arrivée du système de Bretton Woods. Enfin, les américains reconnaissaient que le régime nazi avait le mérite :
1. D’avoir maté le communisme
2. D’avoir sorti l’Allemagne de la crise économique
3. D’être un bon partenaire commercial pour les grosses entreprises américaines (Ford, General Motors, IBM, Coca Cola notamment mais pas que…)
Tout ceci explique l’arrivée tardive des américains dans la seconde guerre mondiale. En fait il est fort probable que les américains ne se soient décidés à intervenir que tardivement tout simplement pour éviter que l’URSS ne prenne toute l’Europe sous son joug politique. Car ce sont davantage les russes que les américains qui ont gagné la guerre contre l’Allemagne nazie. Ce sont les blindés et l’armée soviétique qui est arrivée à Berlin en premier. Enfin, lourd fardeau démographique, les russes ont perdu des MILLIONS d’hommes sur le front est contre l’Allemagne, c’est d’ailleurs ce qui leur a permis de vaincre l’armée nazie : leur forte réserve démographique comparé à la petite Allemagne.
I followed yesterday an interesting courses on Khan Academy on short selling. Here is the video. The main idea and meaning of short selling is :
When you think that the price of one share is going to decrease …
1. You rent a share through a broker. This broker has this share between it has plenty of clients and among them, there are clients who the very share on which you want to bet and to short sells.
2. You sell it immediately right away, before the price actually goes down.
3. You wait until the price is low
4. And then you cover your position buying this same share at a low price.
I have been trading through the online French bank “Boursorama” for a few months and I am currently wondering whether S.R.D. is the same thing as Short Sells. I may be the same principles but I am not sure enough.
And then you will enjoy below a video on the impact of short selling in stock markets in general. Are they making markets safer or not ?
Let’s go back to the ECB. If a negative interest rate exists, the bank no longer pays you interest to encourage you to keep your money with them. They now control all your monetary transactions, and you cannot function without them. The servant has become the master. Therefore, it would not be possible to cease to use the bank for your transactions, should their “negative interest rates” start to climb.
At this point, the government and the bank would, between them, control your money totally. You would find yourself, in effect, “owned by the company store.” It’s even possible that bank fees and tax rates could be increased as your income increased, so that you might never be able to truly save money, invest, or indeed, act independently of your “owners.” The flow of your money would have become centralised, and you could not function without them.
Of course, this is all theory. Surely, this could not come to pass, because people inherently do not wish to be enslaved.
And yet it happened on a wholesale basis in Kentucky and other mining areas in the US. So the question really is, “How did it become possible that people in mining towns volunteered for their own slavery?”
First there was a depression. Many people lost their jobs and their incomes and were prepared to do anything in order to feed their families. So they signed up for the only game in town: the mines. It was dangerous work, there were no benefits, and the coal dust would kill a miner after a time. But as long as he lived, his family had enough to eat. He accepted the deal, because (again) it was the only game in town.
So, back to the present day, where the Greater Depression will soon be on us in full force. A large percentage of jobs will be destroyed, but in addition, this time around, the currency will also be destroyed. In order to pay for goods, particularly food, people will do whatever they have to, to obtain currency. Desperate times, indeed.
But there’s a light at the end of the tunnel! The government has chosen to eliminate bank notes and coins, as they ultimately proved to be so destructive. Never again will this be allowed to happen. The new Electronic Currency System will assure that all money is centrally managed.
The press will declare the new system brilliant, and the harder an individual has been hit by the Greater Depression, the more quickly he will jump on board. The greedy rich have all but destroyed his life, and his government, like a knight in shining armour, has come to save him. Like the miner, he will not be musing on how this will all play out over the decades; he will opt for the promise of relief for his family now.
If this all plays out as described above, it will not be just Kentucky, but entire nations.
Editor’s note: The day after this article was written, the ECB announced the introduction of a negative interest rate: 0.1% on deposits. As predicted, the media have already begun to the praise the measure.
Negative Interest Rates
Let’s put the song aside for the moment and have a look at a concept that has been bandied about by the European Central Bank (ECB) for a while now. Since the collapse of the central banks would doom the world (their claim, not mine), it is essential that the banks be saved no matter what else must be sacrificed. Efforts to “save” the situation have been implemented through quantitative easing (QE) and the setting and continuation of low interest rates.
Unfortunately, in spite of record profits by banks and staggering bonuses handed out to senior bank executives, somehow the QE and low interest rates have not created the prosperity desired. The economy is still in the tank. What to do?
A solution being considered is to create “negative interest rates.” Sounds logical, doesn’t it? If low interest rates have kept the economy from crashing but haven’t fixed it, surely, negative interest rates can only be more positive.
And what are negative interest rates? Well, it simply means that, if you keep your money in a bank, instead of the bank paying you interest, you pay the bank to hold your money.
No central bank has ever done such a thing, so, not surprisingly, it sounds like a bitter pill to swallow. However, the ECB will present it as an “unfortunate necessity.”