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Search results “Investment function in banks” for the 2011
What do investment banks actually do? - MoneyWeek Investment Tutorials
 
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MoneyWeek’s Tim Bennett explains what investment banks actually do- and how they earn their huge profits. MoneyWeek videos are made by MoneyWeek, the UK’s most popular financial magazine. Founded in 2000, MoneyWeek aims to provide intelligent and enjoyable commentary on the most important financial stories. It also tells you how to make money from the latest financial news. For more videos and exclusive content please visit http://moneyweek.com/video-tutorial/
Views: 529656 MoneyWeek
Do Investment Bankers Use Google?
 
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http://insideinvestmentbanking.com - Learn How To Break Into Investment Banking If you are looking to launch a career in investment banking visit Inside Investment Banking now. Created by 5 bankers it is your one-stop shop for advice on how to get into investment banking. About this Video: This is a quick look at how google plays an important role in the daily life of every investment banking intern and investment banking analyst.
Views: 4140 BreakIntoBanking
What is a clearing house? - MoneyWeek Investment Tutorials
 
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Clearing houses play in important role in the financial markets. But what exactly are they and what do they do? Tim Bennett explains.
Views: 127553 MoneyWeek
Economics: Investment Demand
 
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http://www.mindbites.com/lesson/7593 for full video. For a full video Economics course, you'll want to click through to http://www.mindbites.com/series/1078-economics-full-course. Also be sure to check out http://www.mindbites.com/category/46-economics for other video lessons on Economics topics and concepts.
Views: 1211 Mindbitesdotcom
Investment Banking Resume Screening
 
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http://insideinvestmentbanking.com - Learn How To Break Into Investment Banking About this Video: This is a quick look at how investment banks will screen your resume, including the who, how and why.
Views: 2084 BreakIntoBanking
Excel 2010 Business Math 82: Calculating Interest & Future Value For Bank Daily Interest Accounts
 
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Download file: http://people.highline.edu/mgirvin/ExcelIsFun.htm This is a Business Mathematics Class (Busn Math 135) taught by Mike excelisfun Girvin at Highline Community College. In this video learn how to calculate: 1. Calculating Interest & Future Value For Bank Daily Interest Accounts 2. See Math Formulas 3. See Excel FV Function 4. Example of savings account where we withdraw money
Views: 12084 ExcelIsFun
Investment.wmv
 
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The investment function
Views: 157 Meo Mahor
Why Bank Equity Is Not Expensive
 
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"Quite simply, bank equity is not expensive from a social perspective, and high leverage is not required in order for banks to perform all their socially valuable functions, including lending, taking deposits, and issuing money-like securities," professors Anat R. Admati, Peter M. DeMarzo, and Paul C. Pfleiderer wrote in a paper presented at the Stanford Finance Forum. (A fourth coauthor, Martin F. Hellwig of the Max Planck Institute, was not present.) Related Links Why Bank Equity Is Not Expensive: http://www.gsb.stanford.edu/news/research/admati_equity.html
Investment Banking Resume Powerful Words
 
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http://course.insideinvestmentbanking.com - Learn How To Break Into Investment Banking About this Video: This is a quick look at the top 20 words you should use to describe your achievements in your investment banking resume.
Views: 5059 BreakIntoBanking
Module 2.1: Types of Investment
 
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Module 2.1: Types of Investment
Views: 9959 EGuidance2011
What is the role of the treasurer?
 
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John Grout, ACT Policy and Technical Director, outlines the scope and challenges faced by corporate treasurers and strategic financiers in business.
Financial Analyst & Business Analyst Training Program
 
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Advanced Excel ***** VBA (Macros) **** Access + SQL *** SAP FI/CO **** + * Interview Prep
Views: 223916 puresvideo
How Banks Create Credit.avi
 
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How Banks Create Credit and Fractional Reserve Banking explained.
Views: 447 meagain2222
Central Banking Explained (satan's monetary control) Part 1 of 2
 
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http://www.Conspiracytheorytruth.com This video is part 1 of 2 which will explain the current fraudulent banking system in use around most of the world. In the United States the central bank is called the Federal Reserve, and it's owners also have controlling interest in most other countries central banks. For my fellow Christians, this will begin to unravel the mystery of satan offering Jesus all the kingdoms of the world if he would just bow a knee to him. This scheme of collectivization and concentration of power is simply done by monetary control.
Views: 54919 MrLovethyneighbor
Richard Werner: Banking & The Economy
 
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Banks have a pivotal function in the economy, they are the main creators of the money supply. In granting or issuing so called 'loans' to their customers they create the money that is essential to make the modern economy work. In fact says Prof Werner: 'there is no such thing as a bank loan' he says what happens is credit creation, when banks make the money (credit ) needed out of nothing. He explains how the system works, whereby, from a miniscule deposit of funds a huge amount of money is created.
Views: 23635 Charles Bazlinton
Banks to collect NSSF Contributions
 
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The National Social Security Fund announced it will cede the function of collecting contributions from subscribing companies to standard chartered bank. The fund currently collects over 30 billion shillings every month.
Views: 410 NTVUganda
The History of Strategy in Commercial Banking - Ken Wilcox (Silicon Valley Bank)
 
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"Tech companies deposit about seven times the amount that they borrow. And at Silicon Valley Bank, recalls CEO Ken Wilcox, the methodology his venture has used to invest these excess deposits is a micro-history of commercial banking itself. Learn the lessons of the bank's lending in the 1980's to 1990's, and its investment in real estate developers and under-served niche markets. Learn also how these plans failed to provide financial stability long-term."
Views: 3343 Entrepreneurship.org
Central Bank Credit Control Function
 
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Visit- www.edunirvana.com, to know more about our latest product- Economics Lab! (Fastest and surest way to learn Economics!) This video consists of small snippets of story called no money island. This story is designed to be most innovative, efficient and effective way to learn basic concepts of Macroeconomics In this 3.28 minutes video learner will learn about Central Bank Credit Control Function. In this story we have explained 100's of concepts like this. In this story the learner would see how king and his ministers have evolved the island's inefficient economy from an arcane barter system to robust and thriving economy by introducing the concepts of money, financial system, central bank and consumer price index. The Story also shows how this island started trading with other nearby islands to harness its competitive advantage, how it evolved its exchange rate and balance of payment, how it started measuring economy's health and how it started differentiating between real and nominal values.
Views: 26069 Ashutosh Seth
Financial Management - Lecture 01
 
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finance, financial management, Brigham, CFO, financial decision, corporate finance, business finance, financial economics, financial markets, financial institutions, financial institutions, financial instruments, securities, financial assets, financial system, money markets, capital markets, money-market instruments, capital-market instruments, banking, investments, portfolio management, portfolio theory, security analysis, behavioral finance, personal finance, public finance, proprietorship, partnership, corporation, retained earnings, dividends, profit maximization, wealth, shareholder wealth, market price, share price, value, fundamental value, intrinsic value, true value, discounted value, fundamental value, risk, true risk, perceived risk,
Views: 669392 Krassimir Petrov
Banks Minimal Capital
 
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Financial institutions are racing to beat a deadline set by the government to raise their minimum capital requirements. Under the directive issued 3years ago all operators ranging from commercial banks, mortgage finance institutions, stockbrokers and investment banks were required to raise their minimum share capital by between 50million shillings to 1billion shillings within 2 to 3 years effective 1st July 2008.CFC Stanbic financial services is the latest institution to comply with the new requirement after it increased its capital levels to 250million shillings. Denis Otieno reports.
Views: 526 Kenya CitizenTV
Investing concepts - compound returns
 
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Looking into the claims made by internet investing gurus...and why they appear to be questionable!! Reason 1 compound returns. If your investment guru, calculated from their claimed (and often unsupported claims) returns, made enough to be the wealthiest man on the plannet perhaps there's more to this story than mets the eye.
Views: 447 nedbeaty72
5 Functions of Financial Intermediaries
 
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Illustration and demonstration of the 5 functions of financial intermediaries
Views: 7370 financecanbefun
Bank Instruments, from A-Z
 
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Bank Instrument funding and trading can earn high yields for investors and private placement traders. Earn your knowledge on "BANK INSTRUMENTS" in this video.
Views: 6985 insidetradellc
Investment Demand Graph in relation to Aggregate Demand
 
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Tutorial on the Investment Demand Graph as related to Aggregate Demand
Views: 2880 jcsballoon
what is an investment?
 
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http://http://www.lapasserelle.com/finance lesson 2 of a course in elementary finance. What is an investment? Postponing consumption today in order to produce and use value in the future. Examples. Buying a machine. Buying a contract stipulating future payments. Financial securites.
Views: 725 andyfrc08
The Theory of Central Banking | Robert P. Murphy
 
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Bob Murphy presented this sample lecture from the Mises Academy's latest online Economic history course, "Anatomy of the Fed," on 16 January 2011. PowerPoint slides are available for download, here: http://bit.ly/gG6tpE Visit the Mises Academy at http://academy.mises.org Music by Kevin MacLeod.
Views: 16226 misesmedia
M&A Services Overview
 
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CMF's managing directors discuss CMF's M&A advisory function, including an outbound calling team, relationships with hundreds of boutique investment banks and quality deal flow for their network of PE funds.
Views: 492 CMFAssociates
Basic Banking Concepts
 
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Basic Banking Concepts David Shindler
Views: 11727 CMDALifeSkills
How to Put Money into an ATM - Fill your ATM Machine with Cash
 
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This is a tutorial on how to load cash in a Triton ATM machine with a TDM dispenser. This ATM is managed by http://www.atmdepot.com. Visit us to find out how you can make more money! Some important steps show how to remove dog ears from bills, check the reject tray and tell the ATM machine how many bills you put in. Includes trial cassette balance and other functions necessary to monitor your ATM online using the ATMdepot.com online monitoring service. If you're interested in learning more about the ATM business, what a typical investment would be and what the ROI is, we welcome your calls. You can visit our web site for details or call us at 888-959-2269 to speak with a team professional.
Case Study - what you can take to the bank(Primary Functions of a bank).mpg
 
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Case study - what you can take to the bank(Primary functions of a bank), demonstrated at Sheikh Zayed Islamic Centre, University of Karachi in PGD (Second Semester) program for the subject Case Studies for Islamic Banking Institutions. A presentation on "Organizational Structures in Islamic Banking Institutions and functions of a bank and their Job Descriptions" assigned by Mr. Abdul Jabbar Karimi from HMB Bank Limited.
Views: 182 bankcasestudies
How to Build a Basic Financial Projection - Business Finance
 
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http://GatewayCFO.com - Building a projection or budget for your business doesn't have to be a daunting task. Understanding your goals and tracking your progress against them can be a straightforward exercise, and doesn't have to require a ton of your time. In this video, Josh Turner with Gateway CFO Solutions shows you how to build a basic projection for your company's P&L or Income Statement. Business finance doesn't have to be complicated, and this screencast will quickly get you on the road to building your own financial projections. Be sure to visit GatewayCFO.com for more finance resources and tutorials that can help you achieve your profit potential, and to download a sample Excel template of this financial projection.
Views: 336500 GatewayCFO
Class #7 of Investments @ebs.edu by Prof. Rasa Karapandza  http://www.rasakarapandza.com
 
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This is the seventh class of my Investments lectures of 2011. In this class I cover the eighth chapter of the Brealey-Myers-Allen book. First, in this lecture I revise important topics from the class #6, like IRR, equivalent annual costs and others. Then I describe the relationship between the concept of utility function and perception of risk. I provide a historical overview of return and risk for various securities like stocks and bonds. I lays the foundation for understanding risk and return, which is crucial for financial decision- making. I show how to calculate the expected return and the standard deviation of returns for a portfolio. I also make some hobbit related jokes. The main purpose of this lecture is to help my students revise what they have learned during the live lecture, nevertheless others are welcome to watch these lectures. Unfortunately, in this video you can see only my slides and hear my voice. You can not see me jumping around the classroom and handwaving as I usually do. Also, I try to keep my politically incorrect jokes for the classroom and out of this video. This should be enough of motivation for my students to keep coming to my classes and use these videos only to revise what they have learned in the classroom. Please excuse me if my Slavic accent is too hard for your ears. I was considering exercises to improve my accent but in the forms that my students used to evaluate my teaching in 2010 two girls stated that they find my accent sexy. That made me reconsider my decision so I have decided to stick with my sexy accent and you will have to live with it. http://www.rasakarapandza.com
Views: 1989 Rasa Karapandza
Investment Accounting Manager: Job Profile
 
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John Howison talks about his role as an investment accounting manager for JP Morgan in Edinburgh. My World of Work http://myworldofwork.co.uk John came from a mechanical engineering degree at university straight to a graduate role in the financial services. In this video he says that he finds the challenge of constant problem solving and meeting client deadlines a rewarding part of his job, and says that the financial services industry is a great place to find a career which offers a range of opportunities. He says that one downside to the role can be long hours as his team's work must continue until their task is complete.
Views: 1692 My World of Work
How to calculate loan payments in Excel | lynda.com tutorial
 
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This Excel tutorial shows how to calculate the principal and interest payments of a loan. Watch more at http://www.lynda.com/Excel-2010-tutorials/Financial-Functions-in-Depth/83199-2.html?utm_medium=viral&utm_source=youtube&utm_campaign=videoupload-83199-0102 This specific tutorial is just a single movie from chapter one of the Excel 2010: Financial Functions in Depth course presented by lynda.com author Curt Frye. The complete Excel 2010: Financial Functions in Depth course has a total duration of 2 hours and 20 minutes, and explores dozens of functions for evaluating cash flows, calculating depreciation, determining rates of return, and much more Excel 2010: Financial Functions in Depth table of contents: Introduction 1. Analyzing Loans, Payments, and Interest 2. Calculating Depreciation 3. Determining Values and Rates of Return 4. Calculating Bond Coupon Dates and Security Durations 5. Calculating Security Prices and Yields 6. Calculating Prices and Yields of Securities with Odd Periods Conclusion
Views: 45913 LinkedIn Learning
12. Accountability and Greed in Investment Banking
 
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Capitalism: Success, Crisis and Reform (PLSC 270) Professor Rae explores the creation of incentives and disincentives for individual action. The discussion begins with the Coase Theorem, which outlines three conditions for efficient transactions: 1) clear entitlements to property, 2) transparency, and 3) low transaction costs. Professor Rae then tells the story of a whaling law case from 1881 to highlight the power of incentives and property rights. The conversation then moves to Hernando de Soto's portrayal of the development of property rights in the American West, and then shifts to a discussion of New Haven deeds, property values, and valuation of real estate. The lecture concludes with a discussion of Mory's. 00:00 - Chapter 1. Introduction and Agenda 02:51 - Chapter 2. Coase "Theorem" 18:04 - Chapter 3. Ghen v. Rich (1881) 23:24 - Chapter 4. De Soto in America Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses This course was recorded in Fall 2009.
Views: 11732 YaleCourses
Types of Fixed Deposits
 
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Views: 730 ICICI Bank
Private Bullion Banking
 
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www.danel.ch
Views: 844 milestonemotivation
Clearing Process of Banks (Clearing House)
 
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For any questions, comments, suggestions prior to the Clearing Process or about this video in general, feel free to post your comments. Thank you. Copyright 2011, Angelo Gonda, et. al. A Final Project for Banking and Financial Institutions, University of Santo Tomas, College of Commerce and Business Administration, Financial Management Area. Pardon me for some pixelated parts of the video. The Chroma effect failed since I shot the footage at night time :) hope you'll learn something! Copyright 2011, Angelo Gonda, et. al.
Views: 38156 Anjo Gonda
Stefan Isaacs - M&G Investments (english version)
 
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Interview with Stefan Isaacs - M&G European Corporate Bond
Views: 411 Video Finanza
The foreign exchange market
 
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Common Craft about The Foreign Exchange Market - Realized by Fabienne Deville (Assistant Professor in Finance) with the help of the NTE team, HEC-ULg - Voice by David Homburg
Views: 96232 NTEHEC
Summit Development Group
 
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Summit Development Group ("SDG") is a private equity fund based in Botswana, with offices in Johannesburg and London. SDG invests in banks across sub-Saharan Africa and transforms them to focus on the Missing Middle: SMEs, unbanked and low-cost mortgage finance. By transforming the financial institutions and supporting their customers, SDG provides both financial and social returns for investors looking to contribute to economic growth and development in Africa. Over 10 years, SDG looks to reach over 5 million unbanked, finance over 190,000 SMEs and create over 1.4 million jobs.
Views: 240 SDGBotswana
Risk Rises for Economies Worldwide: Safeguard Your Investments Throught Portfolio Asset Allocation
 
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http://bit.ly/APMEXsafeguard - European debt levels are reaching critical sums, as the crisis continues to spread and deepen. With world markets increasingly interconnected, your investment portfolio will be affected by these events for years to come. What can you do to safeguard your portfolio and protect your assets? APMEX Chief Executive Officer, Michael Haynes, discusses the latest events in Europe, how they're impacting the U.S, and what they might mean to your portfolio. Find out how carefully planned asset allocation may help limit your risk.
Views: 258 APMEX
Increased European Central Bank Power
 
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http//: www.ProfitableTradingTips.com Increased European Central Bank Power By www.ProfitableInvestingTips.com Will increased European Central Bank power help curb excessive spending and bring the continent's finances back in line? European leaders met and seventeen nations agreed to treaty changes that will integrate national budgets, although Great Britain opted out. The European Union, envisioned in the dark days after World War II, is gradually moving towards stronger financial union and, hopefully, better fiscal responsibility. Part of the increased European Central Bank power will come from EU bailout funds now to be under ECB control. The news of a more fiscally sound European Union has generated enthusiasm for those investing in Euro Zone stocks as markets responded to the good news a deal among 17 EU members. Nevertheless interest rates of Italian bonds are edging up again, a sign of continued investor concern. The need for treaty changes and increased European Central Bank power come from the so called "PIIGS" crisis. Over the last couple of years Portugal, Ireland, Italy, Greece, and Spain have been dealing with the possibility of default on their sovereign debt. In Greece, especially, the situation has been tense as calls for austerity measures have prompted street riots. Both the governments of Greece and Italy have fallen to be replaced with more financially prudent leaders. The situation in Greece has been such that many anticipate that the country will withdraw from the European Union and use the Drachma again. In fact, the services that provide counter party risk coverage for Forex trading have been running scenarios in anticipate of one or more nations leaving the European Union. As the European debt drama has played out, investors have chosen to buy European stock or sell European stocks depending upon the news of the day. A happy result of the new treaty changes and increased European Central Bank power will likely be a more stable Euro and less chaos in trading Euro Zone stocks. In the short term the budget cuts necessary to conform to any new European Central Bank requirements for bailout money may be bitter medicine. However, European leaders believe that the long term result will be a cure of recurring issues of national debt. In countries such as Italy and Spain the issue is not necessarily an immediate risk of debt default but high interest rates on debt payments. Such high rates will suck money out of necessary programs and inhibit economic growth. The increased European Central Bank power that will accompany treaty changes will likely result in bailout funds in return for fiscal responsibility, reducing the effects of local politics on budgets. It could also serve to remove continental politics from the equation when deciding to dispense loans to member nations. The wild card to investing in Europe in the new Central Bank era may be the Chinese. Rich with cash, Chinese companies have been looking for deals in the troubled European economy. Chinese investment in Europe could a welcome economic stimulus during these troubled times. It could also become a threat the European economic sovereignty if Europe does not look to protect its companies, especially the high tech sector. Unlike China, Europe does not put curbs on currency flow out of the EU. The long term net result of Chinese investment could be a drain on capital just as the EU starts to recover. For more insights and useful information about investments and investing, visit www.ProfitableInvestingTips.com. https://youtu.be/pgK1MeOZo3s
Views: 310 InvestingTip
Rahul Gandhi in Amethi inaugurates Corporation Bank Branch
 
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Congress General Secretary Rahul Gandhi is visiting Amethi. He will start the tour by inaugurating a branch of Corporation Bank in Amethi. The function for this will be conducted in Ramlila Maidan in Amethi. He also will attend the Convocation Ceremony at the Indira Gandhi Nursing School. Rahul Gandhi during his way spent some time with the children he met and also interacted with the people and enquired them regarding various development works as well as the central schemes.
Views: 76 Pressbrief In
What the World Economic Crisis Teaches About Capitalism 1
 
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Joseph Patrick of the German Marxist quarterly GegenStandpunkt Lecture and Discussion in San Francisco, California September 3, 2009 www.ruthlesscriticism.com http://www.gegenstandpunkt.com/english/en_index.html Unfortunately, what the overwhelming majority has learned from the recent collapse of the financial sector and the general breakdown of business is how much they need the success of banks and business in general. The worse things get for them in this crisis-stricken economy, the more they are convinced that basically everything in the capitalist system is their means for making a living -- including bank profits, booming stock markets and even complex derivatives. Faced with capital's failure to grow and with the malfunctioning enrichment of the rich, the masses and the elite demand that all of that be made to function again. The public's initial outrage at the machinations of investment banks has long since turned into the hope that these greedy speculators get back on their feet again and do business in a more stable fashion. Meanwhile, capitalists are rescuing their property and protecting their profits by passing on the damages to their employees, sacking them and exposing them to greater deprivation. And the victims -- they accept that sacrifices will have to be made in order for "our" economy to get off the ground again. For those on the democratic left, the crisis has confirmed their doubts about the beneficence of "the market" and its capacity to ensure the greatest good for the greatest number. They demand more state regulation, perhaps even the nationalization of certain banks and key industries, so that "the economy" can function more reliably! For the more radical left, capitalism's real flaw is that it is prone to crises; without them, one wonders whether they would have anything to criticize about it. In drawing these lessons from the collapse of finance and the subsequent "great recession," both these groups show disregard for the lessons that the crisis itself is teaching. All the more reason to raise some critical questions: --What sort of an economy is this, if failed speculation in the most remote spheres of finance brings production to a halt and radically increases the poverty of the masses? --What sort of a society is this, if banks are its most crucial element? What do unprecedented government bailouts of the banks reveal about the wealth of modern nations? --What sort of a world economy is this, if a nation's standing is determined by its ability to successfully uphold its collapsed financial sector? Every nation knows that crises are times of dramatic shifts in terms of national wealth and power and they all are eager to take advantage of "the worst crisis since 1929" to revise the global "balance of power." The answers to these questions suggest that the capitalist system doesn't deserve to get back on its feet, but to be abolished. The domination of capital reveals its absurdity and brutality all the more in times of economic crisis, when the expansion of capital -- because it doesn't succeed -- strangles the entire material life-process of society.
Views: 799 Phillip Gioan
Central Bank Gold Buying and China's Role in the Gold Market
 
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JULIAN PHILLIPS: We've been in an up leg since 1971 interfered with by the currency gains and now if you look at that point I made about gold measuring currencies we are watching currencies decay on an almost daily basis now and in fact the Eurozone crisis is bigger and better than it was before and the US management of its own system is rapidly following the way of Europe, namely it could suffer from a hormone deficiency and the net result is, that the price of currencies in terms of gold will continue to fall and the gold price will reflect it.
Views: 1142 cfini72
SQL  months_between function, lesson 36.35e40,
 
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truncate function in SQL
Views: 859 hammadshams
Calculate Compound Interest in Excel
 
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Check out my Blog: http://exceltraining101.blogspot.com Using Excel to calculate compound interest with the Future Value (FV) formula and Excel's built in FV function
Views: 128435 Doug H
What the World Economic Crisis Teaches About Capitalism 3
 
14:29
Joseph Patrick of the German Marxist quarterly GegenStandpunkt Lecture and Discussion in San Francisco, California September 3, 2009 www.ruthlesscriticism.com http://www.gegenstandpunkt.com/english/en_index.html Unfortunately, what the overwhelming majority has learned from the recent collapse of the financial sector and the general breakdown of business is how much they need the success of banks and business in general. The worse things get for them in this crisis-stricken economy, the more they are convinced that basically everything in the capitalist system is their means for making a living -- including bank profits, booming stock markets and even complex derivatives. Faced with capital's failure to grow and with the malfunctioning enrichment of the rich, the masses and the elite demand that all of that be made to function again. The public's initial outrage at the machinations of investment banks has long since turned into the hope that these greedy speculators get back on their feet again and do business in a more stable fashion. Meanwhile, capitalists are rescuing their property and protecting their profits by passing on the damages to their employees, sacking them and exposing them to greater deprivation. And the victims -- they accept that sacrifices will have to be made in order for "our" economy to get off the ground again. For those on the democratic left, the crisis has confirmed their doubts about the beneficence of "the market" and its capacity to ensure the greatest good for the greatest number. They demand more state regulation, perhaps even the nationalization of certain banks and key industries, so that "the economy" can function more reliably! For the more radical left, capitalism's real flaw is that it is prone to crises; without them, one wonders whether they would have anything to criticize about it. In drawing these lessons from the collapse of finance and the subsequent "great recession," both these groups show disregard for the lessons that the crisis itself is teaching. All the more reason to raise some critical questions: --What sort of an economy is this, if failed speculation in the most remote spheres of finance brings production to a halt and radically increases the poverty of the masses? --What sort of a society is this, if banks are its most crucial element? What do unprecedented government bailouts of the banks reveal about the wealth of modern nations? --What sort of a world economy is this, if a nation's standing is determined by its ability to successfully uphold its collapsed financial sector? Every nation knows that crises are times of dramatic shifts in terms of national wealth and power and they all are eager to take advantage of "the worst crisis since 1929" to revise the global "balance of power." The answers to these questions suggest that the capitalist system doesn't deserve to get back on its feet, but to be abolished. The domination of capital reveals its absurdity and brutality all the more in times of economic crisis, when the expansion of capital -- because it doesn't succeed -- strangles the entire material life-process of society.
Views: 324 Phillip Gioan