The financial sectors are covetous all the time. They want more money, further money. They got used to earning a lot of money from the derivatives market. Do you ever think how financial crisis start all the time? We had the big economic crisis, which is the biggest economic crisis in the world's economic history, in 2008.
You can see that if you look carefully. 50 million people went down under the limit of poverty, but on another hand, many bankrupt companies belonged to them. Is that interesting? Can you imagine, a company went bankrupt but the company owner got richer. How did it become?
In 2008, many financial companies were selling the special bond, which has the risky mortgage. That mortgage was very risky because many poor people had those and nobody refunded again, but nobody knew that and many people bought that like it is crazy. After that, many mortgages were not refunded by poor people and a lot of bank's budget fell down suddenly. Bankers were shocked and they did not know what they will do in the panic. Everyone was calling up each other. In that time, many businessmen were stealing money from their companies. According to the Freedom Economy.com, the businessmen stole average $70.000.000. I know you want to yell like crazies because I too wanted it when I heard it the first time. For instance, I am stealing of others money from my company and escaping to another country with million dollars and 50 million people are starting living under the limit of poverty because of me. What happened after that? Nothing!
I want to talk about the credit rating agency. They give point to the financial companies, but they (the credit rating agency) get money from the financial companies. It is a problem because if one credit rating agency gives bad point to the financial companies, then the companies can deal another credit rating agency that is why they give very good point all the time. Actually, the financial system is a paradox.
The government make a new rule about the financial system after that, the new credit rating agency set up to check in the market, but the credit rating agency gets money from the financial companies who the credit rating agency check. The government must be genius. What a crazy solving.
That event was in 2008. Now, the same event is becoming again in the market. The rich people are investing a lot of money in the stock now. The U.S. stock market swelling. In fact, it is not a problem for me, but I am thinking of poor people. They have dreams that be richer some day. Therefore, they who are following the richest, are investing a lot of money in the stock.This balloon will burst someday and they will be poorer than before. We have been reading the same story for centuries.

Comments
Post a Comment