Obama’s last chance to signify?
In Holland in the past everybody was for Israel just because the Jews suffered so immense in WW II. They deserved their own country; we were all so ashamed. But is that immense suffering in the past a valid argument for systematic terrorizing the Palestinian people? What I know is that if I lived in Palestine and experienced the suffering of my family and people I know I would be a freedom fighter.
System Risk
This weekend the European countries again couldn't make a front to tackle the “Euro-crisis”. First the choice of the word Euro-crisis is misleading; it is nothing more than an ordinary financial crisis of which we have seen so many already.
The banking industry is holding society hostage all over the world but lately especially in Europe. One currency and 27 members what do you get? A perfect mess and a playground for mutual funds to rip society off.
Is saving for your pension actually possible?
Because of the financial crisis and the “Euro-crisis” people all over the world see their retirement savings diminish rapidly. Do people realize that all savings; bonds, shares, gold or whatever are intrinsic insecure?
What Are We Really Worth?
Daily the value of the economies on the financial markets fluctuates billions. Is the stock market a good representation of the wealth of the Western economies? Companies are valued at the last price quoted on the stock exchange. Does this valuation present the actual value?
The End of the Financial System?
In the decades after World War II the Western economies grew to the present production levels. The growth was technological driven with help of the financial system. Financial profits allowed new investments which generated more profit that could be invested and so on. As long as there are real investment opportunities the cycle of economic growth can continue.
Obama’s Dilemma
The USA will in the 21th century degrade to a second rate state. There is no doubt about that if nothing changes. Without any doubt the USA was the most successful country in the 20th century from an economic perspective. But like all great empires in history they will fade away to second grade or less. Greece was in ancient history the center of the world economically and intellectually. Now it is not even the shadow of what it was. Will the USA share the same destiny?
Salvation of the Banking System
The banking system has taken society hostage. Modern economies cannot function without a financial system that guaranties daily payments executed in time. Even after the world almost collapsed when greed for millions cost society billions the banking business goes on as usual.
The services banks provide can be split up in to:
- Processing the daily payments of their clients and
- Investment banking activities
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