Steve wrote: > We have on this list someone who knows how to steal money from those who > have very little of it. That is akin to alchemy.
Not alchemy, it's big business. Think Wal-Mart! Or lotto -- last Friday, a Brit won 100 Million Euros in the Euromillions lotto, while millions of poor people paid 2 Euros each for one lot. Now if you remove the voluntary participation, you get the billionaires' speculation scheme. > As I've clearly explained, every currency transaction requires a > willing, profit seeking counterparty. If George Soros (or Buffett, or > Gates, or??) makes a billion dollars from a currency position, others > cumulatively lost it. (zero sum) Can you explain that on the example of Mexican corn price hikes due to speculation with corn? http://en.wikipedia.org/wiki/2007%E2%80%932008_world_food_price_crisis#Financial_speculation <<Financial speculation in commodity futures following the collapse of the financial derivatives markets has contributed to the crisis due to a "commodities super-cycle." Financial speculators seeking quick returns have removed trillions of dollars from equities and mortgage bonds, some of which has been invested into food and raw materials.[28] That American commodities speculation could have a worldwide impact on food prices is reflected in the globalization of food production. It represents the concentration of wealth throughout the world, which Frances Moore Lappé equates to a weakening in fundamental democracy. In a recent article for The Nation, she suggests that there is no food shortage but that "as long as food is merely a commodity in societies that don't protect people's right to participate in the market, and as long as farming is left vulnerable to consolidated power off the farm, many will go hungry, farmers among them-no matter how big the harvests."[29]>> (Combined with the population reduction agenda of the billionaires, this makes sense and shows that the outcome is not an accident.) > My informal paper on this and other aspects of currency and commodity > markets is here: > > http://www.gold-eagle.com/research/kurtzndx.html Quoting from there: <<A common myth is that speculators, like George Soros, can cause a national currency crisis. It is important to remember that it is governments who largely control economic information flows and who are vulnerable to pressure from the mega-rich. Also, when corrupt regimes siphon off billions of dollars from their national economies, they weaken the infrastructure and diminish future productivity. It is the savvy speculators who perceive aberrations in value, and provide the necessary information feedback to the world which helps bring about change.>> It is an often-quoted fact that Soros gained $1.1 billion from breaking the Bank of England. This wasn't his only currency attack. In 1993, Soros explicitly demanded in an open letter to London Times Financial Editor Anatole Kaletsky: "Down with the D-Mark!" as a call to other speculators, i.e. opening a battue on the German currency (thereby greatly multiplying the effect of his own investment actions, knowing that many follow his advice) -- and Soros has at various times attacked the currencies of Thailand, Malaysia, Indonesia and Mexico, coming into newly opened financial markets which have little experience with foreign investors. Your attempt to paint the "savvy speculators" as the helping angels who "provide the necessary information feedback to the world which helps bring about change" is spoiled by the fact that these speculators rip off the victim states by billions -- if HELPING them was actually the goal of these great philanthropists, then they would "provide the necessary information feedback" for FREE, or at the most for a decent wage (which they don't need, being billionaires already) -- NOT ripping out billions! And someone who wants to HELP Germany, certainly doesn't issue a fatwa "Down with the D-Mark!" But you would probably call vandals spraying grafitti on a house facade, "savvy artists who perceive aberrations in surveillance, and provide the necessary information feedback to the homeowner, which helps bring about change." Hey, it's just a question of marketing... > This is a summary of issues from a talk given by Steven B. Kurtz to a meeting > of The Canadian Association for the Club of Rome, Ottawa, February 4,1998 A talk given to the Club of Rome (which is just a bunch of rich cave-men out to reduce the masses, who want to hear exactly what you say) is NOT a research paper. Can you point to a peer-reviewed journal publication that contains your spectacular insight that Wall Street speculation is just a harmless closed-circuit game among gamblers who lose to each other, with NO losses to the rest of the world? Makes you wonder why they're pushing globalization so hard, when all they want to do is gamble a bit among themselves in their greenroom. They could do that just as well in a cave and leave the rest of the world alone. Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
