Tag Archives: stock market

The Bitch Rating Agency

The Bitch Rating Agency

Das ist nun mal wirklich interessant: Wo stecken hier denn die Fehler?

The Bitch Raging Agency

The Bitch Raging Agency

Ist das eine Ragingagentur? Oder sollte es heissen Rating? Oder ist etwa Fitch falsch geschrieben? Irgendwie bin ich jetzt ziemlich verunsichert. Sicher scheint mir einzig, dass sich die Hochfinanz langsam aber sicher alles und jeden unter den Nagel reisst.

Wer den Waffenhandel kontrolliert, kontrolliert den Krieg. Wer die Börse kontrolliert, kontrolliert die Wirtschaft. Wer die Politik kontrolliert, kontrolliert den Staat. Wer die Schulden kontrolliert, kontrolliert ALLES. So einfach ist das.

Today’s gold is black – Torrow’s gold is limpid

Today’s gold is black – Torrow’s gold is limpid

Blog Action day 2010: Water«Water, thou hast no taste, no color, no odor; canst not be defined, art relished while ever mysterious. Not necessary to life, but rather life itself, thou fillest us with a gratification that exceeds the delight of the senses.» (Quote by Antoine de Saint-Exupery, From Wind, Sand and Stars, 1939)

Do you know Armajaro, an investment firm based in London, specialised within the cocoa and coffee markets? A week ago I read about them the first time: The WochenZeitung (German) wrote that Armajaro bought cocoa beans on the European market. Above 240’000 metric tons, worth over $ 1’000’000’000, to be exact, sometime between July and September it seems – the equivalent of almost the entire supply of the commodity in Liffe-registered warehouses across Europe. Or about 7% of the annually, global production. But guess, this was not the first time.

Cocoa Flower

Cocoa Flower (Dieter Schütz/pixelio.de)

In August 2002 Armajaro acquired 204’000 tons of cocoa beans and, as it seems, gained $ 64’000’000 out of the deal (Talk about finding a golden ticket in a bar of chocolate). Mr. Ward, the head and founder of Armajaro, told The Daily Telegraph in 2002: «We are not trying to inflate the market.» He founded Armajaro in 1998, which is today one of the top three players in the cocoa market, in which prices have risen 150 percent over the past two-and-a-half years.

Armajaros highest-paid director received a salary of $ 8’500’000  last year, $ 1’000’000 more than in 2008. Mr Ward manages Armajaro’s flagship CC+ Fund, which specialises in cocoa and coffee. He achieved a double-digit growth in the value of the fund in the year to September. His fund forms part of Armajaro Asset Management, which has over $ 1’500’000’000 under management. I love zeros visualized. And Mr. Ward too, it seems. (source: www.africanagricultureblog.com)

This is a blog post for the Blog Action Day 2010 about water, so what I’m writing about cocoa and abuser of nearly one million childs (Ghana only)? About that $ 7 million committed by the International Chocolate and Cocoa Industry (Harkin-Engel Protocol) towards addressing the situation of worst form of child labour in Cocoa farms over 5 year was inadequate, compared to the countless zeros above?

Water makes money: the film

Water makes money: the film

Ever heard of Nestle? 12 % of the $ 112’600’000’000 annual sales are made from chocolate, 27 % from drinks. Nestle is working hard on privatization of water. There’s a very good new documentary about water on this topic. Veolia and Suez, the world’s biggest water multinational companies, are already active in at least 69 countries on all five continents. More than 80 % of the water supply is still in the hands of the public sector. Every time, however, a town council in financial fetters asks around to be relieved of this burden, Veolia and Suez come knocking at the door. I’m not an highly educated economist – but I don’t need to understand a gearbox to see what goes in and what comes out. The rich get richer, the poor get poorer, redistribution of income from the bottom up, what equates the neo-liberal concept. Privatization of public infrastructure is a giant vacuum cleaner for the small men’s pockets. They pray «it’s getting cheaper», we pray «oh really, yeah, sure, cool!», then it doesn’t, but it’s to late. And if it’s cheap, it costs lives. And for the counter value of only 12 litres of milk from the nearby farmer you get a 32 GB piece of USB-hightech made of diverse highly energy intensive special materials from all over the world  produced on microscopic scale in a dustfree production hall on the other side of the globe. While many places and air and water got polluted in the process. For 3 gallons of milk! And if the newspaper tells it’s the only good and true system, then it must be true, ain’t it?

Once water will be dealt via companies quoted on the stock exchange while there is a global shortage – man-made, what else? – the cocoa game will have started on water too. I don’t need to guess who the winners will be: Those who’s earnings rise one million dollars per year – and that’s not you and me. We and 99.9 % of mankind will be on the losers side. Today, unsafe water kills more peaple than war. The most bitter conflicts of the next 50 years won’t be over oil. Become aware of virtual water – that, by way of example, one kilogram of beef costs 15’500 litres. One kilogram wheat costs 1’300 litres.

Global Awareness

Global Awareness

What can we do to save water, environment, ourselves for a New World? It is all about the same with modern problems in the 21st century: Education. Don’t believe anyone (not even me), think for your self, think holistic. And then vote! If you can, politically, and not for the neo-liberal and neocon moneymakers. Buy fair. Get informed. Vote by buying stuff that don’t hurt anyone. Don’t buy from Nestle and the like! Avoid shopping at Lidl, Aldi, Walmart and suchlike. Try to buy local stuff. Teach your and others children. Inform others. Don’t invest if you get more than, let’s say 7 or 8 % return – or someone far or not so far away will die for that, well, the fund manager, by stroke of luck. :whistle:

Or the war on bottled water might get globally, as the world tends to import American habits. Or we might get millions of environmental refugees, in addition to the millions of political, war and economic fugitives. We teach our children to share – I just wonder why we adults don’t do this. Maybe you know?

Neuzeit – Mittelalter

Place name sign, above: modern era / below: middle ages (Gerd Altmann/pixelio.de)

P.S: Speak german? While trying to translate american and german billions and milliards once more, I stumbled over this discussion, which is 24 posts about 3 zeros less or more. And I thought I’m confused about this topic…

Let’s make money: The movie

Let’s make money: The movie
Filmposter

Filmposter

Went to watch this documentary last weekend and been deeply impressed! From an artistic point of view: It’s a piece of art! From a didactic point of view: It’s brilliant! Looking at it’s content: You simply hear the naked truth.

Now you might think this is a film where you’ll walk out and go to jump straight form the next bridge. You’ll not. Perhaps you’ll hesitate to buy your next comemercial ultra-cheap t-shirt in favor to a fair traded one — but I won’t consider that bad. 🙂

Furthermore you might start to see who’s working for your money which’s working for you. And you might ask yourself whether it is right to steal the persons produced overvalue, especially because best profit comes from places with blood on streets.

One could write a big pile of books about this, so I stop here. And it’s much easier for you to go and watch this movie than to read a pile of books! I promise you’ll see things differently afterwards — if you already do you’ll be glad to be part of a new species with open eyes. You’ll have pity on the ones who can’t see that their way had turned out a dead end, as some said since decades and even longer.

Official Homepage (ger)

Let’s make money on Wikipedia, MySpace, Facebook, YouTube, the International Movie Database and a German Homepage.

ATM I haven’t found an official english homepage of the film. I’ll post an update and please let me know if you have a link, thanks.

World bank

World bank: Fasten your seat belts!

Blog Action Day: Poverty — Poor at Heart

Blog Action Day: Poverty — Poor at Heart

Blog Action Day

Talking of poverty most of us thinks in terms of money. I would like to bring up another point: It seems to me that povertys mainly reason is that we – who rule the world – are poor at heart. If not, we would help the poor in an efficient way. The world is talking all about — and does nothing. Not for the so-called third world neither our own local neighbors.

Many of us are educated enough to see the „Big Picture“, how all and everything is connected: „We would like to give you some millions development aid — and see what nice armored vehicle and guns we have! If we can put our leash on you as our pitbull in war against terrorism, you can have it all for free. And we sell cheap Tomatoes and Chicken too. You want technology? Sit up and beg…“ (I know it’s not that simple. However, it is like that. 😉 )

But few of us are educated enough at heart to feel the „Big Picture“. Only if one can feel it, one will change life and take responsibility. But poor hearts don’t feel, they calculate.

The world hunger index 2008 made official today in Berlin tells us there are 923’000’000 (923 Millions) hungry people, 75’000’000 more than last year. Currently one says that the financial crisis costs us 1’400’000’000’000 $ (1.4 Billions, IWF 7.10.2008). The loosings of only the ecosystem wood are acording to the study „The Economics of Ecosystems and Biodiversity“ (TEEB) about 5’000’000’000’000 € (5 Billions) yearly, overfishing 50’000’000’000 (50 Mrd).

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When will we fairvote?

When will we fairvote?

So, first, let me throw some numbers at you:

  • In USA, between 1979 and 2005, the income of the poorest households increased by 1.3 % annually, the average income less than 1 %, the top revenues by 200 %. If you calculate the latter after tax it even grew 228 %.
  • The richest percent in the USA earned between 2002 and 2006 3/4 from the earnings growth. Statistically followed by Great Britain, Spain and Switzerland (oh my!).
  • In Germany, two tenth own about 80 % from the assets.
  • In 2007, top managers income grew 25 % in Germany.
  • Etc, you know what I mean…

(via misswirtschaft.blogspot.com, german. Get the data on US-income here.)

The gap between rich and poor

In the 1920s we had about the same extraordinary mess, followed by the great depression in the 30s. As a consequence (also because WW II), in the middle 50s the highest US tax rate was 91 %, the one for corporate profits 45 %. But today?

We all know who is responsible for todays inequity. It’s not me, not you (well, the chances are about 1:10), it’s not God, it’s neither Mickey Mouse nor Dagobert Duck. It’s THEM! If one points at someone, three fingers point at yourself, so we know who is THEM: We ALL are.

We are in the advantageous situation where we all vote every day several times. Do you buy Nestlé or regional products? On which bank do you save your money? Do you use escalators and go to your fitness center by car? Who do you vote for, politically? Do you buy fast or organic food? Do you buy and travel fair?

US-taxes 1979-2005Profit (or a real fair amount of) belongs to the one who spins the screw driver. Why let we the one who paid for the screw driver steal the profit? And, finally, why is this thefts income tax rate even lower than the one of them who are cleaning his office? Who is doing the real work here, the dollar?

We all know from our own inner temptation that everyone thinks of himself first. So why do we vote for the rich? Do we believe the rich must be wise? Or do we believe they do know to deal with crisis because they became rich? Have we all missed Dagobert Duck stories in our youth?

Everywhere you can read who and what is responsible for the actual crisis. The Neocons/-liberals have proofed themselves as not survivable without their hated, „over regulating“ governments and state banks paying for their mess. Why can’t we simply stop this behavior? What are we afraid of? Of loosing our employment? Todays production is in China because we vote for the thefts rules — we vote for our own crisis every day. Why is this so hard to understand?

:dontget:

Diversification is good for social stability — but it seems we don’t want a peaceful society. In the end we shoot ourselves in our homes, schools and on streets, out of frustration and fear. Sometimes this system is unbelievable: We vote for our own slavery while believing to be free, and when we check our misery, we execute ourselves. Is this the meaning of life? Or maybe an intermediate step in our evolution? Hopefully we will evolve a bit cleverer than lemmings

A dollars wondrous journey

A dollars wondrous journey

Hello, today’s Blog Action Day! So here’s my post. Since it’s about environment and I thought there are so many experts better than me out there, I’ll write a nice little tale. Well, finally it got a bit oversized, because I tried to tell this and to tell that too, and those points seems important, and so on. There are no Karl-May-like lengthy descriptions, but our little friend stumbles from one adventure into the next before he reaches his destiny.

So I hope you take your time and enjoy the reading! However, I had fun writing it. And please leave a note. 🙂

A dollars wondrous journey

American DollarOnce upon a time there was a lonesome Dollar. It was not very beautiful – more the average type of a green printed piece of paper. He was very ambitious and wanted to make more out of his live. So he decided to go out into the big, wide world to see it all – and to become more beautiful, as every dollar wants to be.

By chance he found himself in Indonesia. He remembered that rainforest is considered as a good place to become more beautiful – for the price of only one tree. «There are so many trees» he thought, «nobody will miss it if I’ll take one».

Short time later he felt more beautiful because it had taken the trees beauty and Dollar was very pleased with himself. But, on the other hand, he felt no longer independent. «Doesn’t matter» he told himself matter-of-factly, and was magically drawn along with the tree over the ocean to America.

ErosionHe never looked behind and so he couldn’t see all the other dollars hunting for beauty in the woods and the trees vanishing one by one. Very quickly the rainforests was cleared of trees – which enhanced neatness and visibility of the environment enormously – and also in making Dollars more beautiful. Problem was, once the forests were deserted, no dollars came anymore. People in now raindesert-countries started to fight each other out of frustration and lack of education to free themselves from their anger. Many times their leaders told them to do so because they feared the powers from the poor. And as long as they fought each other, they wouldn’t fight the leaders.

In America, in the meantime, the tree had ended up as a door case. Our dollar was owned by an international habitation proprietor, now ten times more beautiful. Although he was not free anymore, he had a good life and enjoyed his beauty. To become even more beautiful, he was sent to Germany: There were low cost housings for sale and they promised much beauty. After some home-improvement projects that made the workers sweat, Dollar pocketed his first slice of beauty.

PlattenbauThen the buildings were sold again and our dollar got his second slice of beauty. He returned to America twenty times as beautiful as when he arrived in Europe. Again he didn’t look back and therefore couldn’t see the tears of families which didn’t find a payable flat anymore. And those who could afford high lease prices had to live in energy wasting houses full of toxic materials. It paid the most beauty – for Dollar.

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Difference between Lemmings and market operators

Difference between Lemmings and market operators

This I just asked myself. All they run after each other, no one knows who is leader and where the trip is going. Just because someone in Shanghai made a wrong deal they loose somewhat 3 % worldwide at the stock market. Together they bloat a big balloon and everyone fears, it could burst – but nobody stops pumping. Nobody wants to be stupid and loose a chance to betray money without work.

If you look at it globally, in a wide range, stock market is somehow social: Either all win or all will loose. What an insight – all neo-liberal market operators are in fact damned communists! The Sowjet Union ain’t dead yet.

I mean, seriously, it seems money can be a turn on, but it has no biological life and cannot increase itself. If you made win on a stock, someone must have sweat for it.

It’s easy to make wrong deals with stolen money, besides of an impending heart attack. But it’s the dog biting in its own tail. Maybe it should bite the balloon. The big bang could be a chance for a new, better start.