How the financial crisis came about
Some bankers, financial service providers, fund managers had the glorious idea of selling loans for the purchase of private houses de facto to everyone, whether he or she can afford it.Normally the banks have to wait 10 to 25 years until these loans are repaid, to avoid that they have packed all these rotten and less rotten loans into a package, made a security out of it and to avoid a thought of bad smell, from a rating agency with a tripple A so SUPER safe for all let these SUPER safe securities they have then sold all over the world.
bought and hundreds of billions were bought and because so surely, equal times on credit up to the 15FACHE of the sum increased. at the same time the inventors of this SUPER secure security ensured that there are no regulations for this product, who needs already control where everything so Toll runs.Because the makers behind the scenes knew of course that the rotten apples in the product start to modern at some point, they have secured your SUPER safe product against possible losses from non-payment of credits with insurance, thus again a bomb deal in the truest sense of the word, since also other speculators could conclude these insurances - thus approximately as if 500 neighbours insure a house, which has only one owner.SUPER Plan I sell loans that many can not pay, pack them into a package let them evaluate with SUPER Safe insure them against failures genial. because the makers however knew that this plan by the rotten apples and by the many insurance if it would come to losses the insurance the collar could cost, you have, how could it be otherwise against a crash of the insurance, insured, great what?Now you just had to wait until the first ones couldn't pay their loans, the insurance company couldn't cope with the defaults and the whole financial system went to shit... Now you were all SUPER safely multi billion at the expense of people who could never imagine such a mega-fraud like most until today.
2)What caused this crisis, among other things, are some examples
20 MILLION migrant workers in China lost their jobs,18 million Americans lost their homes,Some countries like Iceland,Greece,Spain,Portugal,Cyprus etc were facing bankruptcy,Youth unemployment rose to 30 to 50 percent in Europe.The banks all over the world have been saved with tax money, in billions of billions, a 0 interest policy that destroys the essential savings portions of the poor and the middle class, American pensioners who have lost their pensions for which they have paid a lifetime, thousands of suicides and hundreds of thousands who no longer have health insurance, etc. I must stop here otherwise I still radicalize myself.
3) Who has helped cause the crisis and supported the makers.
So there are the biggest banks and their managers, the big financial service providers like Goldman Sachs here representing all those who have played this mega money carousel, or this Worldwide Pyramid, President of the Federal Reserve Finance Minister, President of the State, The three biggest rating agencies, insurance companies, politicians of all colours, the biggest accountants, professors of the best known business universities, financial lobbyists, etc.
They all have before, during and after the crisis billions earned by different ways this mega amounted to support. nobody came to a court, all they have kept your scammed money and much still sit today at the levers of international power.
In summary, we could say that we are ruled and exploited by some super-rich sociopaths who are only out to increase their billions, no matter what damage the people or the money-note democracy takes... If we do not finally resist these machinations of the corporations and your accomplices from politics and press you will lead us with the next crisis into a war to maximize your profit you only need once again a few right or left radical governments around the people against each other to riot.We urgently need corporations that are committed to the global common good and do not use globalization for exploitation (where I can produce cheapest) or tax avoidance (where I pay almost no taxes) and where are the highest returns.we need a policy strong and competent enough to put the corporations, the financial industry and the military industrial complex in their place.
Translated with www.DeepL.com/Translator
