It had been UGLY for weeks, but only a perpective by gamblers.
The stock markets are nothing more than casinos. It started as a capitalist measure for companies to obtain funds other than traditional sources such
as banks or friends.
But as usual, it got screwed up along the way by gamblers who see it as way to profit without the headaches of actually setting up and managing
companies, the way Industrialization age had elevated mankind. The more money you have to play, the more the chances to win.
And the house is none other banks, just by the sheer size of funds, money from depositors, to move markets as they so wish, espacially cartels such as
central banks by their monetary policies. It became far worse than actual casinos. At least in casinos, there is still the element of chance that the
house faces. But with the stock market, bankers call the shots, and as such, many middle class fools lost their entire life savings gambling on
supposed 'investments' which is nothing more than gambling..
RIght now, with banks, espacially europeans and those heavily exposed to the crisis in Europe, are falling short of balances, they have to cull those
money back from the stock exchanges, the fastest way to do so. Trillions within the next few days from all over the world or they will go bust. Most
big timer gamblers know that fact, are spooked and had fled the casino. Only the fools and the unsuspecting remain.
It will only get uglier, a necessary course of action in order that the financial system be repaired, or it will only malfunction again in a short
time as bankers failed to learn and correct their mistakes the first time in 08.
Banks, at the end of the day, are only capitalist enterprises, responsible for their own errors. They privatise all profits, and thus they cannot be
allowed to socialize their debts. They will have to fall and pay the price.
But it will not be the end of the world for economies as trade will still continue on, and revenues earned, for mankind still have needs to be met and
Earth had not run out of resources yet, despite floods and earthquakes withstanding, as our food and mineral resources are well spread out on the
entire planet and not dependent on just one source.
Money do not disappear into thin air. It just get hoarded up. The banks may be short of money and would be in a difficult position to lend if
companies need funds for expansion to meet needs, but not non-European and unexposed to crisis banks around the world. Furthermore, there are many,
many rich folks with money at home, or in vaults, and should there be a compelling venture, they will be willing to share to earn something for their
unused funds gathering dust in vaults.
And there is always the gov ( not the european ones for sure), provided the partisan political parties do not play games, or set the approval of
funds to the PEOPLE, on conditions of insane returns.
edit on 4-10-2011 by SeekerofTruth101 because: (no reason given)