Les enfoirés

Tournée des enfoirés 1989, 99.14 min, uploaded by maiseuhdisdonc, Nov 23, 2014.

Sorry, our famous Swiss efficiency is crashing, when you are ordered to change the Internet provider, what happens to me:

My actual provider announces rather too late his sudden retirement from Switzerland, my next, the big Swiss company, cannot solve connection problems before the first days next year … if really. So I am still out of my own internet access, telephone fix and numeric TV …

… ok, for me a possibility for less work and desintoxicate as workaholic, with the hope you enjoy the music you may find meanwhile every day. As soon as our Swiss efficiency finishes his winter sleep we will meet again with longer articles and links.

Meanwhile all the best wishes for 2015!

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Maintaining the supremacy of the financial oligarchy

Published on Real-World Economics Review Blog, by Editor, Dec 20, 2014.

Let’s assume that there is a financial oligarchy which exerts strong political influence due to the vast amounts of money it controls. Let’s further assume that this financial oligarchy has succeeded in having financial markets deregulated and that this has enabled the financial industry to expand their business massively. Then, in some near or far future, their artfully constructed financial edifice breaks down, because it cannot be hidden any more that the accumulated claims cannot be serviced by the real economy. That might be due, for example, to millions of people having bought overly expensive houses on credit without having the income necessary to service this debt. This is the kind of situation we are interested in … // Continuer la lecture de « Maintaining the supremacy of the financial oligarchy »