“SMEs prefer to finance their spending by using their own resources because they are not sure future profits can pay back new loans.
Businesses used to accept some risk by taking out loans to finance their projects. But this is becoming less common because the success of new projects is increasingly uncertain, especially in light of stagnant and even decreasing economic growth in Europe.”
If you substitute the word “growth” into “sustainable living” – then we come closer to a solution.
This is a very accurate analysis of the situation – and it has A LOT TO DO WITH THE FINANCIAL SYSTEM SOMEONE CAME UP WITH AND FORCED US TO LIVE IN. (You can’t say Mario Draghi was elected democratically… because he is not in any party besides Goldman-Sachs)
So the SMEs are using up their savings, their substance… and then what? 1929 revival party?
What is the Goldman-Sachs Draghi plan? A third Reich? World War 3 with Russia?
Overthrow of the government and installing a pro-Russian or pro-Washington dictatorship? (Hey Putin? What about a putsch?)
I do not know about you – but i would like to avoid the “usual” 1929 civil war and survival revival “party”, that economists probably say is “normal”? (Ups and Downs… Life and Death… last downer killed 60 million people.)
What would J.P. Morgan do? After all – there are limits and endless growth is not a blessing but like cancer – a disease – killing the patient.
He often knew how to fuck things up and make profit at the same time.
“they” (the SMEs) – just as anyone else – that does not belong to the winners of the Euro-Game (monopoly is just a game with FIAT money) lose trust in the correctness, fairness, effectiveness and long-term functionality of the finance system – that allows multi-national companies and banks to avoid trillions of € and USD in taxes.
Again: Who cares about the social and environmental costs – if it is (again) the 99% that pay? J.P. Morgan shurely not. After all: It’s Darwinism-time! Isn’t it? Wasn’t it all the time?
“But the rain will also fall on you”
Your children might one day want to kill you for being such an egoistic bastard – there a gun can help. Or you just try to keep em stupid FOREVER 😀 (will not work for all). Btw. Stalin’s second Wife should have shot Stalin first – then herself.
Pujo Committee, a subcommittee of the House Banking and Currency committee. The committee ultimately concluded that a small number of financial leaders was exercising considerable control over many industries. The partners of J.P. Morgan & Co. and directors of First National and National City Bank controlled aggregate resources of $22.245 billion, which Louis Brandeis, later a U.S. Supreme Court Justice, compared to the value of all the property in the twenty-two states west of the Mississippi River.
In the end – they laugh you in the face and say: “of course we fooled you – have you really been that naiv?”
About the Author of the Source article:
Antonia Colibasanu (Stratfor)
Ms. Colibasanu is Vice President of International Marketing at the US geopolitical analysis company Stratfor (www.Stratfor.com). She joined Stratfor in 2006 as a regional consultant before joining the company’s research department. Ms. Colibasanu is also an associate lecturer in the International Relations department of the Romanian Academy of Economic Studies in Bucharest. The courses she teaches include Research Methodology, Economic Growth and Development and International Organizations and Diplomacy. Antonia Colibasanu is also the founder of Books for Peace, a non-profit organization focused on promoting peace through education and culture.