Steve Keen: We have to kill the banking parasites

Ainoa keino päästä tästä kriisistä, on poistaa kaikki velka, jota ei edes koskaan oli pitänyt syntyä ja kansallistaa pankkilaitos. Yksinkertaisemmin, meidän tulee tappaa loiset sanoo australialainen asiantuntija Steve Keen, joka on Max Keiserin vieraana, videolla alla.



Lue lisää pankkijärjestelmän jo satoja vuosia kestäneestä sodasta kansalaisia vastaan. (englanniksi)

Kansalaisten kannalta tärkein oivallus olisi kuitenkin tajuta se että ne tahot jotka ovat istuneet ohjaamossa kun tähän kriisin on jouduttu eivät ole kykeneviä ohjaamaan meitä pois kriisistä.
Suomen oloissa tämä koskee hallituspuolueita ja muita suurpuolueita. Totuus on se että nämä ovat kaikki olleet mukana omaa myrkkykeitostamme hämmentämässä.

Mitä Suomeen vielä tulee, tulevaan talouskriisinselvittelyhallitukseen tulisi kuulua mm seuraavia henkilöitä: Markku Uuspaavalniemi, Esko Seppänen, Paavo Arhinmäki, Kalle Isokallio, Anni Sinnemäki(ehkä) sekä vajaa kymmenen muuta ihmistä seuraavista puolueista: Itsenäisyyspuolue, Köyhien Asialla rp, Piraattipuolue ehkä muitakin.

Suosittelen tätäkin: Bill Moyersin haastattelee ja vieraina Marcy Kaptur ja Simon Johnson

MARCY KAPTUR: They said as a country, you know, banks have extraordinary power. They have the power to create money. And decide how much that is worth. They have extraordinary power. And we used to have capital ratios. We need to get back to them. Ten to one. For every dollar in your bank, you can lend ten. You know what J.P. Morgan did? A hundred to one. And then with derivatives, who knows how much? Glass-Steagall separated banking from commerce, so that we didn't have these institutions getting too big, getting into too many things. And we just gave them total abandon. And they took it.

SIMON JOHNSON: Well, the final end of the last vestige of Glass-Steagall came in just now in August. Unnoted, but I think very significant. Goldman Sachs, you remember, was an investment bank, a securities company. Not allowed to be a commercial bank; didn't have access to the Federal Reserve and this ability to tap into the money supply of the country. Until September of last year, when the crisis broke, they were allowed a very short notice to convert to being a bank holding company. This was what saved Goldman Sachs in my opinion. Also Morgan Stanley. Which meant they could stay in the securities business. And they could also have access to the Federal Reserve. In August, just now, they converted to what's called a financial holding company. That may seem like a technical detail to you, but this means they can borrow from the Fed, at essentially zero interest rate now.

They can invest in, I mean, as far as we can see, from the outside, looking at their portfolio, anything they want, including, you're going to love this one, they just bought some stock, big chunk of stock in a Chinese automotive company. Okay? So, that's your money, that's your Federal Reserve, financing a highly speculative investment. And if it goes well, they get the upside. And if it goes badly, that's another one for us.

Päivitys: Steve Keen käväisi yllättäen myös Suomessa. Tilaisuuksista videotallenne.

Tässä blogi jossa juttu suomenvierailusta: http://www.debtdeflation.com/blogs/

Helsinki Economics and Politics Seminar

Published in November 24th, 2009

Posted by Cassander in Debtwatch

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The Departments of Political Science and of Economics at the University of Helsinki recently held a seminar entitled “Economics: Challenges for Political, Philosophical and Historical Research”. The motivation was a reorganisation of the University that will combine these two Departments. The flyer for the seminar advertised it in the following manner:

This seminar, organized jointly by the Department of Political Science, Department of Economics and Centre of Excellence on Global Governance Research, will start with reflections on the role of economics and economic studies.

• Can we combine economics and politics through political economy?
• Have political and economic studies neglected history?
• How can different methodological tools be combined?