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Old 12.05.2020, 15:31
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Is our current financial system sustainable? Cheap loans and frequent selling.

Is our current financial system sustainable?

How the rich get richer – money in the world economy | DW Documentary:
https://youtu.be/t6m49vNjEGs?t=1962

This documentary shows how giant corporations generate extreme value with cheap loans and regular selling of corporations. I assume shareholders and super rich are the main beneficiaries of this. Probably generating more "value" than what the company actually delivers. Is this really true and is there no regulation regarding this? Who benefit and who does not?

I forecast an economic disaster. A large lower/mid class paying for this and a small group of multi billionairs gaining more than their entire family can ever spend. I other words it look like we are going towards a medieval society that is split in royalties and slaves/workers, where the royalty has absolute control due to x100.000 difference in financial power compared to a "normal" person. Will this happen and what can a normal worker do to survive this or at least win a bit when these giant financial gain are made?

Last edited by timpeterson; 12.05.2020 at 15:34. Reason: typo
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Old 12.05.2020, 17:58
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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Will this happen and what can a normal worker do to survive this or at least win a bit when these giant financial gain are made?
Whatever about the normal worker, you specially could get an education in economics etc.... perhaps then you'd be able to identify fact from fiction.
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Old 12.05.2020, 18:02
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

Iím sure this is an excellent documentary....

But maybe donít rely on YouTube videos to determine your view of the world.
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Old 12.05.2020, 18:22
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

Yep, there's plenty of stuff on YouTube that's just fake news, total lies and rubbish.
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Old 12.05.2020, 18:24
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

DW is quite reputable.
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Old 12.05.2020, 19:08
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

I'm sure DW is. However, I don't think anyone should be rising to the bait of the OP starting another thread tbh.
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Old 12.05.2020, 19:27
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

Sustainable in term of profit for the top? Probably.
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Old 12.05.2020, 20:44
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

If you don't like capitalism you could always leave Switzerland, where life is so awful, and move to Venezuela.

Back in the real world real wages increased in 8 of the previous 10 years, so we aren't all getting poorer. https://www.bfs.admin.ch/bfs/en/home...-1939-100.html.

In any case, vast numbers of us on here are lucky to *easily* be in the top 1% of earners in the world (infact most of us earn that - 32k usd - several times over...), so in your jealousy driven model of the world, we kulaks should be doing ok in any case.

Last edited by jorido; 12.05.2020 at 21:18.
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Old 12.05.2020, 21:49
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

No it's not.

The situation is crazy, no interest but a limit to how much of your money you can withdraw within 3 months.

Actually it crossed my mind, if "us little ones" would deposit our cash in a bank deposit, it could have an influence. The mo would be: If we don't get interest, we take it (the money) off the market.

Yeah, I know, there's always the printing machines. But actually, they don't even use those anymore.
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Old 12.05.2020, 22:22
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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what can a normal worker do to survive this or at least win a bit when these giant financial gain are made?
Get financial education: books, courses, whatever.

Also, I wouldn't ask these kind of questions to strangers, you're begging a scammer to scam you. One of these guys will show up telling you how to make money on forex https://www.plymouthherald.co.uk/new...drives-3555421 and run away with your money https://www.dailymail.co.uk/news/art...-3million.html

I know it's bad to laugh at these situations but.....it was only 2 months between whiz kid making more profit than pros and common scammer.

Last edited by Axa; 12.05.2020 at 22:58. Reason: added the scam story =)
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Old 13.05.2020, 00:22
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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Actually it crossed my mind, if "us little ones" would deposit our cash in a bank deposit, it could have an influence. The mo would be: If we don't get interest, we take it (the money) off the market.
And where would the interest come from.... the reasons rates are so low or even negative is because they are struggling find projects to invest it in. Taking your money of the market would be a positive.

Kinda reminds me of the time the loopers decided to punish UBS for their failure to support Swiss Air by closing their accounts. Most of them were loss makers and UBS was happy to see them go!
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Old 13.05.2020, 08:38
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

Sounds like the original post touched a nerve.
Switzerland is a unique bubble. Young professional expats are in a strange bubble within a bubble.
Suggesting the poster needs further education or should move house is dumb/arrogant.
Apart from the non-relevant? and contentious statistic about "real" wages in Switzerland the negative replies are just groans without any content.
History will judge the neo-liberal experiment.
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Old 13.05.2020, 08:39
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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If you don't like capitalism you could always leave Switzerland, where life is so awful, and move to Venezuela.

Back in the real world real wages increased in 8 of the previous 10 years, so we aren't all getting poorer. .
Ah, but that's not a real answer, not even to a troll.

"If you don't like it here " etc is the standard response from many people here, but that's a bit silly imo. You're way better than that.

He might be wrong on many things or even trolling, of course, but the thread will be read by other people too.
And what do you do with people who are Swiss and think along this line?

Please don't become one of those Efers who use the expression "shitty countries" to demonstrate their own superiority in front of a bunch of strangers. (yeah, I'm way too old here on EF and you might not even know what I'm talking about)
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Old 13.05.2020, 10:14
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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Suggesting the poster needs further education or should move house is dumb/arrogant.
I'd really like to know how suggesting further education is dumb and arrogant. I'm asking honestly, no sarcasm.
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Old 13.05.2020, 10:15
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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Sounds like the original post touched a nerve.
It's not the post that touched a nerve, but the poster.
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Old 13.05.2020, 11:50
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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Sounds like the original post touched a nerve.
Switzerland is a unique bubble. Young professional expats are in a strange bubble within a bubble.
Suggesting the poster needs further education or should move house is dumb/arrogant.
Apart from the non-relevant? and contentious statistic about "real" wages in Switzerland the negative replies are just groans without any content.
History will judge the neo-liberal experiment.
When people come out with these kind of phrases you just know they have been listening to too many talking heads!

These days, Switzerland is a small open economy impacted by all the usual world events just like all the other Europe economies. And it deals with it like many other European countries. Admittedly if you have only lived in countries that lean towards the Keynesian Modal rather than the Austrian School that may seem strange to you.

The big bubble is the expat bubble. You donít live in the Switzerland of the Swiss.
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Old 13.05.2020, 11:56
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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I'd really like to know how suggesting further education is dumb and arrogant. I'm asking honestly, no sarcasm.
OK, the original post is a bit all over the place, and your answer sounded sarcastic to me, sorry if that was not the case. Ethical investments are now a business. The documentary and the swiss initiative echo what many economists are saying - just the neo-liberal viewpoint has sway at the moment. Living on credit is an "american" way of life and from an "old europe" perspective the results do not look good now (a generalisation I know, the USA is a big place and not at all homogeneous) and as for the near future....................
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Old 13.05.2020, 12:15
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

One thing the video of the OP does not explain is what happens to the loan repayments.... I would hope these disappear in the black void the loan came from, kind of cancelling out the money creation ? But in that case money is not really created ? The only objectionable thing is the interest paid on the loan, but even this is real money and as such is not money creation ?
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Old 13.05.2020, 12:21
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

https://www.youtube.com/watch?v=PHe0bXAIuk0

Watch this and stop posting rubbish conspiracy videos.
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Old 13.05.2020, 12:25
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Re: Is our current financial system sustainable? Cheap loans and frequent selling.

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Back in the real world real wages increased in 8 of the previous 10 years
Real wages means inflation-adjusted. What if real rents, real housing-cost and real-EBIT were increasing more than real wages?
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