2012-04-03, 22:07
#13
En intressant artikel i Zerohedge, på samma tema som den i TS.
http://www.zerohedge.com/news/ugly-t...hern-europeans
På samma sätt fungerar det ju för var och en som producerar mer än denne konsumerar. Ifall pengarna går i på banken (eller in i pensionsfonden) så finansierar man någon som konsumerar mer än sin produktion. En viss del av pengarna går förståss till verkliga investeringar, som kan ge avkastning i framtiden, men ju mer pengar till utlånging, desto slappare krav på vad pengarna används till.
http://www.zerohedge.com/news/ugly-t...hern-europeans
Citat:
The northern working classes have jobs, pensions, insurance contracts, annuities and wealth that are all tied to the peripheral market's ability to pay back its debts. If the process of loss realization is not managed carefully, then the workers/voters will immediately see the ugly truth.
And what is this ugly truth? Simple - that in order for the mercantilists of the north to have these jobs, and to sell their wares, they have had to put large portions of their income into savings that was backed by the worthless debt of their target export markets. The north has executed a classic vendor finance structure, with no chance the financing will ever be paid back.
And what is this ugly truth? Simple - that in order for the mercantilists of the north to have these jobs, and to sell their wares, they have had to put large portions of their income into savings that was backed by the worthless debt of their target export markets. The north has executed a classic vendor finance structure, with no chance the financing will ever be paid back.
Citat:
One way or another wealth will be transferred from the north to the south. And the most important point is that stated northern wealth is simply a mirage. They never really had it and they have been working for many decades for a wage rate that is a small fraction of the advertised level. The only way a northern worker was able to be paid such a high "stated" wage is that a big chunk of the paycheck went to feed a pension and savings structure which was recycled into worthless peripheral debt.
På samma sätt fungerar det ju för var och en som producerar mer än denne konsumerar. Ifall pengarna går i på banken (eller in i pensionsfonden) så finansierar man någon som konsumerar mer än sin produktion. En viss del av pengarna går förståss till verkliga investeringar, som kan ge avkastning i framtiden, men ju mer pengar till utlånging, desto slappare krav på vad pengarna används till.