Casino Plays - Speculation - Investments
printCasino Plays - Speculation - Investments
Was reading recently some articles in English Journals of Economy about the difference of Casino Bets - speculation - and investments in normal business.
I was very astonished about the U.S. pragmatism of these writing. It seemed to me that all was exactly the same. Only the final chances and the profits were of importance. Ethics, social consequences and justice are no longer existent in the Anglo-Saxon Space from London, over Wall Street to Schwarzenegger California.
Let's explain why I think, these three categories should be discussed:
A. Casino Bets
Bets taken by Luck in a Casino, be it in Las Vegas or Monaco or Macau or any other town in the world, means: Losing for sure all the money inherited from parents or gained by hard work or coming from bankers' bonuses, won through speculation - because the bank of the casino always takes all the money and runs, at length. The secret of Casino is the 36 to 35 rule, when offering clients the "pleasure" of losing all money. The price for this pleasure is - the total loss of all savings of a life-time.
Therefore, casinos, lotto and lucky punch matters should be forbidden in all countries of the world, even so some percentages of taxes go in the pockets of a greedy State. The whole idiotic Idea of Casinos simply is not ethical, it plays with peoples' earnings and the losses are born at the end by those who do not play idiotic plays.
However, right-wing free-market idiots would pretend: Workers and farmers and billionaires are free to lose all the money they possess. This is America - and this is the logics of Friedman and Ronald, a principle of "anything goes" rolled over the world. To be honest, like prostitution, casino tricks are in existence since dull humans have made bets on the Snake of the devil around Adam and Eve.
B. Speculation
More complex becomes the Wall Street banking of investments bankers, hedge funds and other scrap.
It means in fact, trying to make as much money with other's money, generate as much profits as ever possible. Contrary to Casinos, it's not the own money these criminals use. It's the money of pension funds, of private depots, of companies, of insurance portfolios, of hedge funds structural bluff and derivatives like ABS, CDO or CDS.
In short, these modern way of losing money of other people on a leverage basis, is the highest criminal act in the money and bankers' market of all times. Pure speculation.
The breakdown on Wall Street and City of London is therefore due to greed, unethical behaviourism and free-market ideology - without any State controls.
The price for errors of the Elite have to be paid by all members of Middle Class and the Poor, who have, contrary to the rich folks in the parallel-world of tax-liberty, the nice charge of correcting the finance catastrophe by:
- increased State indebtedness to the charge of all future generations
- losses of values of old age insurances, pension funds, bank savings, investment funds etc.
- higher State and bank charges, plus lower interest on savings and higher on credits
- higher tax and other charges to diminish State deficits, due to rotten politics on finances
- correction of the intellectual gap in the heads of Popper, Bush, Greenspan and Friedman
- and plenty of other measures, none of which is ethical or normal or justified.
Therefore, Casino plays and speculation are almost the same, although the second has 100 times more effect on world economic crises. Casinos may be junk - Speculation is just a world crime and probably the highest, after the destruction of the planet by the ecological behaviourism of Homo non-sapiens.
C. Ordinary Investments
Ordinary investments seem to be without any real danger and they make run the world's mechanics of growth, required for an exploding population on a Planet with limited chances and space.
Investments for innovations are said by all theorist in economics, to bear some risks but being necessary to bring new wind in societies and push them forward with much more speed in growth, easiness of being and "don't worry - be happy" doctrines for the richest lucky ones.
This is true as we will learn now:
Most of investments for housing, made out of nice little towns some huge mega-towns with lots of slums, miles of streets and blocks of apartments for 20 millions of blind mice.
Or let's take factories of highest innovation, producing always bigger cars and planes and container ships, using up all resources and energy stuffs of the Globe and polluting the future of our children - and any child can assume whereto this path will lead.
Or take most of services that may help to feel well, therefore we call it "Wellness" industry, but in fact it is just another means to let flow cash from one pocket into the next or from one bank account into the next account - landing finally with speculators.
The whole theory on investments and innovations is not really a question of ethics or of highest sense in utility - unless the whole systems move always further into a circus of nonsense and thus to the edges of feasibilities.
But here, I come to peaks of a kind of intellect, most ordinary folks will only understand, when they went through the experience of losing all they had before: Their job, their apartment, old age insurance, health care and any sort of space of intellectual and normal daily freedom.
Conclusion
Had in the past the bright heads of these Economic Journals seen wide into the future, instead of shreddering actual affairs with wrong statistics and pragmatic comparisons, never the crises of the year 2006 would have happened. And these geniuses would know today, how the situation is such that we experience these days a sharp increase of the disaster towards the coming periods, not ending before 2015, when it goes over in permanent collapses or else in a new deadly bubble.
I wonder why readers don't get asleep when reading U.S. studies
Why I write all this? The reason is: Whenever I open an American or an English journal or newspaper, I am touched by the fact, that superficial Americans take all for granted when an interesting topic is discussed on lowest fire. Everything seems to be normal. Every real breakdown or collapse has no reasons - only explanations, after the facts are known.
If pragmatism means to be blind for the future, for complex matters, for false interpretation of statistics and facts - there is no wonder, neo-conservative liberalism had to end in a terrible collapse of capitalistic systems spread out from USA - where greed and spleens had no limits.
Who said 1989, this could never become true?
Later generations may understand in despair:
Within just ONE CENTURY, masses of civilisation have - from 1930 to 2030 - destroyed a Planet plus its whole humanity - due to casino bets, speculation and investments for fools. This wonder was achieved for "great things" that did nothing else but contribute to a final downfall, planned by dull and powerful ELITES and used up by some crowds of dependant blind mice of MASSES. It could have been prevented with a little bit of commonsense, but media made all to keep the famous 99 percent on low fire - as if the whole world would be a CASINO.
Rene Delavy, Berlin and Bournemouth
Author of "Explaining the collapses in politics, economy and ecology" / "Rotten systems - the price for cash freedom" / "Fraud in accounting and taxation schemes" etc.