#states
Does this financial system work? How just is this financial system?
Q1: Does this financial system work?
A1: it works for the private banks, at least for a while, but it does not work for the rest of the world.
Q2: How just is this financial system?
A2: no not at all, just read this:
“During the COVID pandemic the interestrate on TLTRO III was lowered to -1% , which means that the ECB pays banks 1% of the value of their loan every year. This generous support has continued until the coronavirus hit and then strongly increased (see Figure 1).”
https://www.global-rates.com/en/interest-rates/central-banks/central-banks.aspx
src: http://www.positivemoney.eu/wp-content/uploads/2020/09/Green-TLTROs.pdf
Which means: if you are a bank, you even get paid by the central bank, for taking a loan.
“PLEASE! TAKE AS MUCH MONEY AS YOU WANT! WE WILL EVEN PAY YOU FOR IT!”
If someone with ideas, walks into a bank to request a loan, they will laugh at you.
The “Big” (downward) “Hit” came after 2008.
So are those low interest rates just “fresh blood” for a zombie (the current financial system) to survive a bit longer?
Has the financial system actually collapsed in 2008 and not recovered since?
Why don’t do banks their job?
The job of a bank is to: actively (!) look and engage and foster and support entrepreneurs to finance new ideas, products, jobs…
not: take the freshly printed money and put it into the stock market casino.
Then there would be no “inflation” problem.
Btw: the “independent” central banks failed at their core job: to not do, what “experts” feared the state would do with the privilege of money printing:
print as much money as you like and cause massive dysfunctional financial system and inflation
#money #alternative #systems #altcoopsys #alternatives #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #occupywallsreet #finance #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #bank #banks #ecb #fed #inflation #state #states #crisis
Originally posted at: https://altcoopsys.org/2021/09/28/does-this-financial-system-work-how-just-is-this-financial-system/
EPO Exposé: The Besieged Baltic #States – Part XV will be published tomorrow morning in #techrights ... we recently made further improvements so that the Gemini version of all new articles arrive within minutes after http/s publication
Western states face first federal water cuts
#BureauOfReclamation #usbr to declare first-ever #water #shortage at the #Colorado #River, a water #source for 40 million people and millions of acres of #farmland. #Arizona to be hardest hit, losing 18% of its share from the river. #Nevada loses 7%, #Mexico 5%
#western #states #drought #environment #climatechange #lakemead #lakepowell #reservoirs #us #newmexico #nevada #colorado #utah #wyoming #california #farmers #nature
the last dawn of states?
https://mises.org/wire/governments-are-failing-their-most-basic-duties-while-promising-free-stuff
Largest green hydrogen supply deal in the world signed in California
SGH2, a waste-to-H2 company based in Washington DC, has agreed to sell an annual 3,850 tonnes of carbon-negative green hydrogen to refueling stations throughout southern California.
http://www.hydrogenfuelnews.com/green-hydrogen-supply-deal/8547158/
#featured, #news, #hydrogen, #california, #states, #refueling, #green, #united, #stations
Has the #Criminal #Industrial #Complex improved since #Attica?
"Social #unrest in the #United #States hit a boiling point on September 9, 1971, when inmates at Attica State #Prison — after months of protesting inhumane living conditions — revolted, seizing part of the prison and taking 39 #hostages. The uprising resulted in the death of 43 people after troopers were called in to suppress the rioters. Three years later, Cinda Firestone released this monumental investigation of the rebellion and its aftermath, piecing together documentary footage of the occupation and ensuing assault with video from the McKay Commission hearings that criticized Governor Nelson A. #Rockefeller’s handling of the incident and firsthand interviews with prisoners discharged after the event.
Unavailable for 33 years, Attica (Cinda Firestone, US, 1974) still is a sobering and revealing look into the heart of American justice, weighing the costs of #institutional #dishonesty and #abuses of #power against the price some will pay to retain human #dignity."
no borders = #nwo
capitalism doesn't need #nation #states anymore
just economic #zones
never heard of #globalisation ?
#tpp and other supranational legislation
world #empire
please update your #mantras
capitalism always moving the goal posts in the name of #profit.
#neocons studied #trotsky to apply his ideas to #capitalism