10-10-2008, 01:34 PM
It's an interesting thought David. A sort of reverse hyper-inflation if you will.
Most shareholders a one month ago were a lot wealthier than they are today, so their currency (shares) have deflated in value. I suppose we can argue that the massive falls on the world stock markets signify a "correction" to this hyper-inflation.
I still like to think of what has happened as a global bankers version of the mafia "pump and dump" scheme. The true crime is that our governments allowed this to happen because they were saturated in free market doctrines that weakened and curtailed vital regulatory controls. Bankers, like gangsters, will always manipulate the markets to their financial advantage. And one man's advantage s another man's disadvantage -- or in this case the transfer of wealth from the many to the few.
Speaking of the Weimar Republic case, I remember the story of a family (a civil servant I believe) who, because of the incredible daily inflation, was paid daily. At lunchtime he and his wife filled a wicker washing basket full with banknotes covering his days wages to go shopping for bread. They placed the basket on the floor as they queued outside a baker's shop.
Within a few minutes someone has stolen their treasure -- not the banknotes, which had been tipped on the pavement, but the wicker washing basket. :eek:
Most shareholders a one month ago were a lot wealthier than they are today, so their currency (shares) have deflated in value. I suppose we can argue that the massive falls on the world stock markets signify a "correction" to this hyper-inflation.
I still like to think of what has happened as a global bankers version of the mafia "pump and dump" scheme. The true crime is that our governments allowed this to happen because they were saturated in free market doctrines that weakened and curtailed vital regulatory controls. Bankers, like gangsters, will always manipulate the markets to their financial advantage. And one man's advantage s another man's disadvantage -- or in this case the transfer of wealth from the many to the few.
Speaking of the Weimar Republic case, I remember the story of a family (a civil servant I believe) who, because of the incredible daily inflation, was paid daily. At lunchtime he and his wife filled a wicker washing basket full with banknotes covering his days wages to go shopping for bread. They placed the basket on the floor as they queued outside a baker's shop.
Within a few minutes someone has stolen their treasure -- not the banknotes, which had been tipped on the pavement, but the wicker washing basket. :eek:
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14