The Spill and its Bill

Recently we were all victims that huge cataclysm caused by humans have no limit. As long as we go on with our philosophy to be “greater and richer” despite the limited resources we have and ignoring the (must) security measures to apply to certain processes of resource exploiting icidents like this will ever happen again. What we need is to calculate the benefits, the risks and the ecological impact of our actions. As economy is driven my making money there is no space to think about precautions or similar actions. And as soon as things go well the benefit for all of us is tangible (Oil, Gas, my car runs!). But the grown competition and the consequently shrinking margins in earning money are tracking the way to strategies where conglomerates and big companies decide “in the twinkling of an eye” what to do to keep pace with competitors.

This strategy is no longer valid in a media long-term run. We the folks are partly responsible of this bloodshed global extraction companies apply to several sites on this planet, most of them in located in unique and sensitive ecosystems (see Louisiana).

I don’t know how many millions of gallons spilled into the Gulf of Mexico since the drown of Deep Water Horizon and what this means in economical impact for BP’s accounting. And the other side is how many money (if to reset all the mess might be payable by money?) is needed to clean the beaches and help out the wildlife and communities that live in the affected area. No one else than the government of the United States can be once more a forerunner to change global behavior and be more responsible to mother nature.

After the financial crack down and the bail-out ob billions of dollars, and under the scene of the oil spill disaster still to be calculated in financial and economical damage we are still not convinced to change from root (we the people) to give a chance to new approaches in living a better life now and in the future.

I think that BP will never be intentioned to pay the full amount in economical costs of the Oil Spill and I rarely believe that Washington will be able to impose a new policy to the oil industry to be more responsible. At the end the Spill-Out will be relayed to the taxpayer like we’ve seen with the financial Bail-Out. At the end it is partly blamable to the taxpayer itself because we all wanted to live a “real life” on credit and driving big cars consuming lots of gas.

The “Originate to Distribute” Basle Banking Model Created the Banking Crisis

Read this article:

http://beyondmoney.wordpress.com/2008/09/30/how-the-international-banking-fraternity-created-the-present-credit-crisis/

By Christopher M. Quigley, B.Sc., M.M.I.I., M.A.

– – – – – – – – – – – – – – – – – – – – – – – – – – – – –

My comment to his article:

Dear Sir,

basle-banking-system

basle-banking-system

I was thinking about all this “high-level” steering for a long time. And I know that the financial system is almost “unlinked” like the politicians to realize the real world. Liberalism on the markets were good as long as “shadow-moves” of credit exchanges work. What we see (just look out of your window) is a world focused on consumerism and egoism. To make money,no matter how.

Finally I’m really concerned about the next crisis. Today the financial sector, tomorrow maybe the raw materials and raw commodities (rice, corn, grain ) sector nowdays also under siege by speculative transactions in buying and selling. Commodity prices rose up to 40%. We will face a real threat if one day these basic products will be denied to people in emergent and poor countries. Then we won’t fear our savings, but our life, because when these billions decide to throw the ball, the real 3rd World War will gloom…

Andreas Ahlen
http://mysay.newsvine.com
mysay@inbox.com

The Bail-Out or the Pump-Out

Wall Street - World's Financial Center

Wall Street - World

What we’ve seen lately is an tremendous confirmation of what they say “The Big Ones Rule”. Despite the emergency Wall Street plunged in we cannot get friends of this Bail-Out plan under a “blanc cheque” aspect as we (the people) are and we will be the prey of the financial system. But financial need us to run the entire system (as shown on Situation Room at CNN). Ok, the whole system is more complex than shown in the transmission. It’s hard for me to understand why the “prey” of the financial system (the people) need to burn their tax money into the financial system to fix a mess the entire system did know about and shadows casted right since mid-2007?. Did Wall Street invite to share it’s earnings with the people their tax money they now urgently need? Why does the Senate approve not only the bill but also a $100bn tax reduction for financial sectors and businesses? Do the people always have to pay the mess of “bigger ones”? This Bail-Out Plan needs to be rewritten to focus not only on the emergency, but to rewrite the rules of market procedures, especially in the financial sector (transparency). The ones who need help (and earned loads of money on Wall Street, mainly those who contributed in mid/long-term to this dead end situation) must be forced to pay a solidarity tax (as in Germany) to contribute to the salvation of the system. If we fail to re-educate the financial system then future situations will always be charged on the tax payer and government. Without a clear re-regulation from the beginning we hand out “an all-time charge-me-up” card or “blanc cheque” to the business men

Administration lawmakers and their counterparts need to be very careful not to fire up the US citizens anger. The common people won’t easily understand why they have to be not only the “slaves” due to loans and mortgages, and therefore won’t accept why they have to run after the big financial firms to take them out of the mess.

An eventual Bail-Out plan should disburse money in a reasonable matter. I think a plural-step injection should be considered. Step after step after hitting certain conditions. $150bn immediately, with relevant focus on social subsidies to poor ones got stroked by the meltdown. Disbursing should be scrupulously monitored when given to financial firms in trouble. And 20% of the gains these companies would have should return as “Bail-Out”-Revenue tax. $200bn should be hold as a reserve and disbursed in a 2nd phase of the Bail-Out plans. I leave the details to more competent people. But remember: if ww sign to troubled companies to have the full $700bn dollars then they would think about it like a “gift”. But setting up clear points they have to meet to get the 2nd disbursement for their rescue and monitoring the reconstruction of troubled companies would have an additional point to make these CEOs work out real rescue plans.

Don’t make this Bail-Out seem to the people like a taxpayers Pump-Out…

Andreas Ahlen

http://mysay.newsvine.com


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