The US, Uk and Australian governments have just banned short selling of stocks, as of this monday. They say it is making the market too volatile. This just stops the smaller players, like the ppl who use CMC market platforms. But the big guys can still do it off the record ofcourse, using the buddy system( the wink, wink, say no more system)!!
yes you are correct! Infact the Australian government has banned naked short trading now, and the USA government has temporarily stopped short trading because it is making the markets too volatile at the moment. See short trading does make a very big difference to the trading of stock.
The bailouts are just a fleecing of the public, since when the money enters the economy it will dilute purchasing power and the poor ol' plebs are left again with toilet paper for money, and the bankers that got first benefit of use bought up all the useful stuff.
Way to tell the truth, Graham! I believe, like you, that this was all planned so that the government could control as much of the financial sector as possible. They've orchestrated or taken over at least 2 financial firms for investing, Fannie and Freddie for real estate, and AIG for insurance. See a pattern forming? Keep on spreading the truth, brother!
yes indeed, the result has been the US government has claimed Fannie and Freddie and AIG, and what else I wonder. It certainly is a brilliant plan to get these companies without anyone complaining about it.
Got me stuffed why they did give out loans like they did. I guess it was driven by competition amongst the banks like it is here with things like Credit Cards and Loans.
Bank employees are pushed to give out as many loans as they can. It's creating some weird situations to say the least.
I find it interesting to note that they have a glut of housing in the USA whilst here in OZ we have a housing shortage.
...Conservatives love to deregulate under their "less government" banner and then when the shit hits the fan because of crappy corporate ethics, step in and bail out the corps. How's that for small government? Of course they get into power under the promise of lowering taxes and being strong on defense, and family values bullcrap, but it's really a lie and people become worse off because of them.
Perhaps the bank crashes were intelligently designed. Like you said, the banks lended(loaned/lent?) out so much money under poor practice that this was bound to happen sooner or later. Very similar thing happened in early '90s when Bush I was in power. Hmmm. And this was just after his son was involved in the savings and loan scandal. Hmmm. Well the CEOs certainly aren't hurting eh? Just google "savings and loan crisis" and those names as well as McCain's come up...
The banks here have written off a few billion dollars, but they say we are fine. Our low docs loans are done a little bit different to the USA. But the 'designed' credit crunch killed off a few large brokering companies. But the world will not know the full story for another 6 months of so.
Good on ya Graham, 5/5 Stars.
And all you people can put this in YouTube too ...... p-Ix9s0izNw
AliensUFOsSpace 2 years ago
if somebody does not understand waht Graham is talking about I suggest to see documentary Money As Debt. It is here on YouTube.
bearrrOS 2 years ago
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dawa1429 2 years ago
Right on Graham!
usergently 3 years ago
nice beard!
mattingly17 3 years ago
Good point. Currently 1000 views, lets blow thid badboy global. I'll put it on my channell.
schstian 3 years ago
The top financial advisors sometimes ask the government to interfere in the market to avoid further deterioration of the market.
dabiribd 3 years ago
You have a point. But the whole thing goes to slow.... boring to see
Vandflaske4545 3 years ago
The US, Uk and Australian governments have just banned short selling of stocks, as of this monday. They say it is making the market too volatile. This just stops the smaller players, like the ppl who use CMC market platforms. But the big guys can still do it off the record ofcourse, using the buddy system( the wink, wink, say no more system)!!
GrahamAndFriends 3 years ago
Sooooooo your not just a pretty face Graham !!
Maladay 3 years ago
yes you are correct! Infact the Australian government has banned naked short trading now, and the USA government has temporarily stopped short trading because it is making the markets too volatile at the moment. See short trading does make a very big difference to the trading of stock.
GrahamAndFriends 3 years ago
have to agree with you - definetely designed. and the people in on the plan would have sold at the peak of the market, that's for sure.
banksy35 3 years ago
Never confuse incompetence and greed with intelligent planning. When given a choice always go with the incompetent option.
SmartmanChris 3 years ago
yes indeed
GrahamAndFriends 3 years ago
@SmartmanChris
I disagree entirely!
to quote Roosevelt:
In politics, if it happens at all,
you can bet it was planned that way.
The bailouts are just a fleecing of the public, since when the money enters the economy it will dilute purchasing power and the poor ol' plebs are left again with toilet paper for money, and the bankers that got first benefit of use bought up all the useful stuff.
chrispyt77 1 year ago
Way to tell the truth, Graham! I believe, like you, that this was all planned so that the government could control as much of the financial sector as possible. They've orchestrated or taken over at least 2 financial firms for investing, Fannie and Freddie for real estate, and AIG for insurance. See a pattern forming? Keep on spreading the truth, brother!
floydspeedinc 3 years ago
yes indeed, the result has been the US government has claimed Fannie and Freddie and AIG, and what else I wonder. It certainly is a brilliant plan to get these companies without anyone complaining about it.
GrahamAndFriends 3 years ago
Got me stuffed why they did give out loans like they did. I guess it was driven by competition amongst the banks like it is here with things like Credit Cards and Loans.
Bank employees are pushed to give out as many loans as they can. It's creating some weird situations to say the least.
I find it interesting to note that they have a glut of housing in the USA whilst here in OZ we have a housing shortage.
QRhuggies 3 years ago
I think there is a housing shortage in OZ because the government doesn't want to open too much land for the urban sprawl.
GrahamAndFriends 3 years ago
It's part of the reason. Government Tax policies like Negative Gearing don't help the first home buyer either.
Lack of Tradies is also a factor with many going to the big money in the mines which leads to a short fall to build housing.
It's not a good situation for the long term for the price of housing to remain high.
QRhuggies 3 years ago
The banks practices have been reckless and even criminal I reckon.
GrahamAndFriends 3 years ago
...Conservatives love to deregulate under their "less government" banner and then when the shit hits the fan because of crappy corporate ethics, step in and bail out the corps. How's that for small government? Of course they get into power under the promise of lowering taxes and being strong on defense, and family values bullcrap, but it's really a lie and people become worse off because of them.
farnk 3 years ago
also there has been alot of money for credit cards too, so ppl get into trouble with credit cards and cant pay their mortgage too.
GrahamAndFriends 3 years ago
Perhaps the bank crashes were intelligently designed. Like you said, the banks lended(loaned/lent?) out so much money under poor practice that this was bound to happen sooner or later. Very similar thing happened in early '90s when Bush I was in power. Hmmm. And this was just after his son was involved in the savings and loan scandal. Hmmm. Well the CEOs certainly aren't hurting eh? Just google "savings and loan crisis" and those names as well as McCain's come up...
farnk 3 years ago
yes bound to happen.
GrahamAndFriends 3 years ago
how is it in the land of Oz ?
dagocleo 3 years ago
The banks here have written off a few billion dollars, but they say we are fine. Our low docs loans are done a little bit different to the USA. But the 'designed' credit crunch killed off a few large brokering companies. But the world will not know the full story for another 6 months of so.
GrahamAndFriends 3 years ago