Always better to read from the source!
Do you want to know What is Money? Did you think you already knew? Let’s see if you were right!
This 3:47 video, will act as a small intro, causing questions and ruining misconceptions.It can not get simpler than that! For those of you , who wish to know more about the truth of creating money, I suggest further investigation! You could, also, browse through the “Role of banks” category of this blog. You will find some more analytical videos and articles on the topic.
Well, according to mr. Franz Hermann, not at all!
Joining the discussions, about the next logical step,in relation to our addiction to money, mr. Hermann participates in an inspiring event by TED.
Prof. Franz Hörmann is Assistant Professor and Lecturer at the department for Business Taxation and Tax Planning, of the Department for Accounting at the University of Economics and Business Administration in Vienna.
Here is what he had to say…
Got your attention? You’ll need it, especially if you are not much of an economics connaiseur..
Still, you must have heard about these “evaluating companies” and have understood, that every time these evaluating companies “downgrade” a nation, that nation’s citizens can forget all about their retirement funds and social services and labor agreements and prepare their children for serious famine. Some times also their grandchildren…
I will not tire you…
The four mega companies that control the world, are:
1.McGraw-Hill, which owns Standard& Poor’s
2.Northwestern Mutual which owns Russell investments
3.CME Group which owns 90% of the Dow Jones indexes (through which these “evaluations” take place) and
4.Barclay’s which is the bank that took over Lehman Brothers after the 2008 crash, along with its “Lehman Aggregate Bond Index”, that just happens to be the dominant world bond fund index.
You should get the full story on this interesting Forbe’s article, which also points out, how and why these indexes and their owners, are actually CONTROLLING our lives.
In ausführlichen Worten beschreibt Herr Hassel in der Welt-Online was es mit dem Schuldenschnitt auf sich hat. Selbst wenn alle beim freiwilligen Schuldenschitt mitziehen hat Griechenland immer noch mehr Schulden als Ende 2009. Hier gehts zum Beitrag…