Author: SMITHI

‘They’re robbing us’: 12-year-old exposes banking flaws, video goes viral   [Copy link] 中文

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Post time 2012-6-4 14:06:29 |Display all floors
I don't think the banking system is the problem (although, of course, the financial models aren't perfect. Read Black Scholes or Cox-Ross-Rubinstein models and you'll have facepalm moments as these are two of the most important price setting and risk management models in today's financial markets, but we ain't got anything better than that).

The real problem is that governments can borrow such huge amounts of money. Just ask governments to pay debts back during one legislative period. So a politician can borrow money when he's elected and pay back before new elections or vice versa. That would prevent politicians from spending lots of money to keep the economy running well and ensure reelction (or, in the case of China, prevent people from questioning the leaders).
But if not even a powerful organisation with a strong interest in the field like the EU can ensure such a policy, how could other countries like Canada or even developing countries do that?

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Post time 2012-6-4 15:28:43 |Display all floors
Ques Post time: 2012-6-4 12:16
I donot think to many expert in west can not even do simple math problem and know when all money  ...

must a be food they feed them , it is mystery how they got so dumb in just few generations.

Ques do you think Allahbaba is to be blamed for that?

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Post time 2012-6-4 15:29:40 |Display all floors
robert237 Post time: 2012-6-4 12:32
Commie brat!!!
Is she trying to pry money loose from fat cats?

you are right Robert , that is what they will label this poor kid on the end .........or at least in bible belt it will be so.

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Post time 2012-6-4 15:37:15 |Display all floors
Everynowhere Post time: 2012-6-4 14:06
I don't think the banking system is the problem (although, of course, the financial models aren't pe ...

you are wrong on this one , banking system is a problem.

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Post time 2012-6-4 15:39:52 |Display all floors
totothedog Post time: 2012-6-4 13:59
In Hans Christian Anderson's story of the Emperor's New Clothes, everyone is told that only the unso ...
The emperor appeared before the crowds, when a little boy shouted out, "he's naked". Then the truth hit all the sheeple.


striking similarity in a story indeed Toto.

There is something really rotten and sick in our modern society when we need kid to tell us obvious.

How did they manage to hypnotise millions one can't but wonder.

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Post time 2012-6-4 15:42:33 |Display all floors
you are wrong on this one , banking system is a problem.


Could you elaborate on this?

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Post time 2012-6-4 15:55:12 |Display all floors
This post was edited by SMITHI at 2012-6-4 15:57
Everynowhere Post time: 2012-6-4 15:42
Could you elaborate on this?


Problem is deregulation of whole banking industry , nobody sane would leave banks to self regulate most vital part of every country bloodline. But that is exactly what Amerikkkkkkkkkka did and not just that but they "forced others globally" to do so,  it is magnum crime and theft of money from people never seen on such scale in history.

In my mind deregulation is same as giving bank robbers arms ........... you arm them and they rob the bank and you wonder why did they do it.

Well they did it because you armed them you gave them legal framework  that doesn't outlaw bank robbery.

They did it because they can my friend , never underestimate power of GREED....................

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