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Skybird · 03-21-23, 06:56 AM

https://www.nzz.ch/meinung/die-neue-...&_x_tr_sl=auto

Hope it translates (Google).

I rate the going with the CS and UBS as a disaster that will give birth to even more dramatic desaster in the future. With total assets twice the size of Switzerland's gross national product, the new monster bank is de facto a state bank, since "too big to fail" applies to it and thus the taxpayer bears all the risks: the whole of Switzerland is now held hostage. In addition, the demands of everyday political business, its ideological delusions and dictatorial pretensions, will be carried over into the inner workings of the UBS' banking and bank management, because "the bank owes its size to the state," and politicians and ideologues will demand, as a matter of course, that the bank therefore be used to finance particular political interests. After all, a giant has been created here which, if it stumbles, will trigger a chain reaction internationally, in the course of which there will be a new banking tsunami and this time perhaps the complete destruction of the financial system: we are dealing here with a concentrated risk beyond all reason.

No wonder, then, that the USB bosses did not want this merger and had to be forced into this deal with massive government "interference" - they were left no choice, got degraded to receivers of commands. Not only does it violate free-market common sense, but it also breaks some legal rules that would actually prevent such a move in a legally binding way and did not allow it. The new monster bank was created by state decree. It could become the gravedigger of Switzerland as a banking location, and of the Eurozone. The chances of this are even quite "good". The fact that this is being accepted, shows how dramatic the situation on the financial markets really is. In addition, a wave of lawsuits is to be expected, from funds and shareholders. In fact, this has already begun with corresponding announcements.

This, combined with the gigantic money destruction programs of the EU, which wants to order the compulsory "climate-renovation" of the entire (!!!) building stock in continental Europe ad hoc, and that does everything it can to make energy as expensive and unreliable available as possible and thus to cut off the economic basis of existence, will inevitably end in a catastrophe, a complete collapse first of the social communities, where the normal middle class has its financial basis of existence ruined, then of the superior state order, which will be able to hold itself in power more and more only with increasing violence and totalitarian attitude - until it can no longer do it.

The last one turns off the light, please. If then at all one still burns.

How could we only believe thirty years ago to have "defeated" socialism...?

03-21-23, 06:56 AM	#313
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 41,233 Downloads: 9 Uploads: 0	https://www.nzz.ch/meinung/die-neue-...&_x_tr_sl=auto Hope it translates (Google). I rate the going with the CS and UBS as a disaster that will give birth to even more dramatic desaster in the future. With total assets twice the size of Switzerland's gross national product, the new monster bank is de facto a state bank, since "too big to fail" applies to it and thus the taxpayer bears all the risks: the whole of Switzerland is now held hostage. In addition, the demands of everyday political business, its ideological delusions and dictatorial pretensions, will be carried over into the inner workings of the UBS' banking and bank management, because "the bank owes its size to the state," and politicians and ideologues will demand, as a matter of course, that the bank therefore be used to finance particular political interests. After all, a giant has been created here which, if it stumbles, will trigger a chain reaction internationally, in the course of which there will be a new banking tsunami and this time perhaps the complete destruction of the financial system: we are dealing here with a concentrated risk beyond all reason. No wonder, then, that the USB bosses did not want this merger and had to be forced into this deal with massive government "interference" - they were left no choice, got degraded to receivers of commands. Not only does it violate free-market common sense, but it also breaks some legal rules that would actually prevent such a move in a legally binding way and did not allow it. The new monster bank was created by state decree. It could become the gravedigger of Switzerland as a banking location, and of the Eurozone. The chances of this are even quite "good". The fact that this is being accepted, shows how dramatic the situation on the financial markets really is. In addition, a wave of lawsuits is to be expected, from funds and shareholders. In fact, this has already begun with corresponding announcements. This, combined with the gigantic money destruction programs of the EU, which wants to order the compulsory "climate-renovation" of the entire (!!!) building stock in continental Europe ad hoc, and that does everything it can to make energy as expensive and unreliable available as possible and thus to cut off the economic basis of existence, will inevitably end in a catastrophe, a complete collapse first of the social communities, where the normal middle class has its financial basis of existence ruined, then of the superior state order, which will be able to hold itself in power more and more only with increasing violence and totalitarian attitude - until it can no longer do it. The last one turns off the light, please. If then at all one still burns. How could we only believe thirty years ago to have "defeated" socialism...? __________________ If you feel nuts, consult an expert.