Adonis Diaries

Wall Street Multinationals milking the cows

Posted on: October 13, 2008

Wall Street Multinationals milking the cows (October 11, 2008)

Note: The talking heads in host shows would like you to believe that by explaining the mechanism of the crash of Wall Street then that should be an excellent alternative to avoiding telling their version of main cause of the crush; or at best, they expect you to draw your own conclusion so that the main cause becomes essentially an individual deductive prowess. The three following articles are meant to stating simply the main cause of the financial crash of the century and then to offering a well tested resolution that add real values to the economy.


The American multinationals and many in Europe affiliated to them saw the financial crash coming in the speed of a bullet train since before September 11, 2001. Do you remember that in 1999 the US government and Congress passed a revised law of 1933 (that was meant to regulate the stock market after the crush of 1929) that allowed commercial banks to switch to investment banking with much looser accounting and regulatory rules? Well, many multinational commercial banks jumped to the opportunity that suited their pleasures according to the development of the markets worldwide under the code name “Free Trade Agreement”.  It is then that the US multinationals, in tandem with the US Administration, knew that in order to conquer the world financially they would ultimately pay a price but it won’t be that expensive financially to the US treasury since all the stock markets would be linked and sharing in the risks; though the multinationals opted not to analyze seriously or didn’t pay much attention to the angry political backlash and an eventual change in the capitalist system. 

 The multinationals foresaw the catastrophe but they wanted first to milk the cows in the Asian markets and the petrodollar sovereign funds of the oil producing countries.  They figured that, in due time, when the free non-regulated financial system fails then the other developed and rich States would participate in the bail out.  Fundamentally, if you do the math then you will discover that the swindled profit that the multinationals generated during a decade correspond to the long term bail out funds that Europe, Asia and the petrodollars countries would pay from their citizens tax money to bail out their failing institution in order to stabilize the markets that should take quite a long time.  I suggest that you start adding all the money shelled out by the world States and also include what the US government contributed since 1999 and you would get the general figure of the astronomical super highway robbery of the century.

 

It is this vast pool of middle class investors worldwide in stock markets that accounts for the biggest financial loss. If you are not in the board of directors for at least one multinational company then you should not play Russian roulette with stock market. Casual, naïve and smart ass investors in stocks remind me of a story involving chimpanzees.  A white colonizer paid $10 for every chimpanzee caught; the natives were glad and worked hard to satisfy the demand of the purchaser. By and by as the number of chimpanzees dwindled and the commercial minds on both sides settled for a higher price of say $40 per chimpanzee then the manager of the colonizer convinced the natives to buy back the whole lot of chimpanzees for $30 apiece on the ground that when his boss returns then the natives would resell the chimpanzees to him for $50 apiece.  The natives shared their funds and did the deal.  The trick is that the white boss never returned!

 Congress passed a monstrous bailout package where the white bosses are not to be prosecuted! Everyone is a sucker once in his life but in capitalist America the odds of repeat “suckered ness” is very high and the plain American citizen is the most prone to fall frequently in these easy to play games of stock gimmicks. Well, all you need is a computer hooked to internet and plenty of happy satisfied greed stories propagated in all the media!  If you have noticed that the most recurring remedy of the talking heads is to regain “trust” in the financial market system!  Yes, trusting multinational professional embezzlers is a sure way to stabilize your life saving balance to zero dollars.

Now the US government wants the world citizens of tax payers to share in the resolution of world financial stability! Why? Is it so that the few hundreds of billionaires and the select classes of capitalists around the world may maintain their high life style? Have we reached a new phase of world class capitalism versus the other hard working nationals?

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adonis49

adonis49

adonis49

October 2008
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