Organisations

it is easier to cope as stupid, in a world (man-made-system) that does not make sense

but stupidity ain’t no solution, it will massively decrease probability of survival for all mankind.

as it will leave problems and challenges unsolved forever – adding to the pile of unsolved problems, until mount-troubles get’s too big.

if you are poor in this world (man-made-system) it is either:

1) you have been not born rich (a family that is already rich, owns a company, owns a oil-fields, owns a gold-mine)

2) you were not ruthless enough (unfortunately the state even protects the financial-criminals, which by avoiding tax, get the most out of their “opportunities”)

3) you were lazy (by nature (to conserve energy) or on purpose) because you did not see, why you should keep an dysfunctional system running, that does not make sense

PS: there is enough money

because it can be printed and it is being printed by the billions and trillions every year

it is just flowing from the central banks -> private banks -> wrong channels (like wall street casinos)

Links:

“Anyone dying from hunger was dying from murder”

Jean_Ziegler

https://www.un.org/press/en/2002/gashc3721.doc.htm

expert researcher on poverty: Jean_Ziegler

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
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

Did you know that Luxembourg (25% corporate tax rate) has the HIGHEST GDP IN THE WORLD?

  • not buying the answer “because it is small
  • not buying the answer “because we sell so much alcohol tobacco and oil”
    • Luxembourg is maybe a marketplace for oil, but has no oil-fields or tobacco fields
    • Luxembourg is rich for the same reason why some people in Switzerland are very rich
      • not because they export SO MUCH GOOD CHEESE (the cheese is good but makes up a very very little portion of income for Switzerland) but thanks to clever advisors and tax avoidance schemes supported by the state
    • “In April 2009, concern about Luxembourg‘s banking secrecy laws, as well as its reputation as a tax haven, led to its being added to a “gray list” of nations with questionable banking arrangements by the G20.” (Wiki)
  • the #3 in GDP Macau (CHINA!) “is an offshore financial centre, a tax haven, and a free port with no foreign exchange control regimes.[41] [42][43] ” (source: Wiki)

https://www.bloomberg.com/news/videos/2021-04-05/yellen-calls-for-global-minimum-corporate-tax-rate-video

Financial Service Industry aka Banking aka moving around money that avoids taxes

“It is impossible to estimate how much private banking wealth has evaded taxation, but the chart above points to a correlation between states with some form of banking secrecy

  • Switzerland
  • Singapore
  • Channel Islands
  • Caribbean
  • Luxembourg

…and a high global market share in offshore private banking.

The Swiss Bankers Association estimates that 54,000 people were employed in the wealth management business in Switzerland in 2012 (1% of total jobs in Switzerland).

The productivity of the sector is also unsurprisingly high, private banking alone accounts for 2.8% of the annual Swiss GDP (CHF16 billion of value added to the economy).”

https://www.swissinfo.ch/eng/by-the-numbers_is-switzerland-really-the-country-of-bankers-/40473658

So yes financial crime pays too well (still in 2021), Yellen do something! (so this blog can stop Yelling)

GDP by Country

snapshot at 2021-04-05 from source worldometers.info

Latest official GDP figures published by the World Bank. Population figures based on United Nations data.
World’s GDP is $80,934,771,028,340 (nominal, 2017).

See also: GDP per Capita