There s enough money on the global market other investors are able to pay such prices and if the money weren t there they wouldn t be able to shift such volume s so we will not come extent one. learns the most nothing that s the flip side of the money deluge financial investors do deals with huge sums that would have been unthinkable in the past in a regulated financial system. until nine hundred seventy one the world was financially stable currencies were covered by gold the real economy was in balance with the amount of money available then u.s. president nixon needed money for the vietnam war he switched on the money printing machine not least because opec had increased oil prices this money then flooded the world. bank s came up with new investment models they now wanted to make
All who are w m f for around six hundred and sixty million euro is via a subsidiary located in a tax haven k k r used one hundred million of their own capital and borrowed five hundred and sixty million from banks. four years later k.k. are sold w m f to french household equipment maker s e bay for one point six billion a deal supported by very low interest rates k k r made a profit of nine hundred forty million iraqis after repaying the loan and investing just one hundred million of its own capital that s a red. turn of more than eight hundred percent a lucrative deal but only for k.k. our shareholders made it his business making that s possible because at the moment there s enough money on the global market other investors are able to pay such prices and if the money weren t there they wouldn t be able to shift such volume s
All who are w m f for around six hundred and sixty million euro is via a subsidiary located in a tax haven k k r used one hundred million of their own capital and borrowed five hundred and sixty million from banks. four years later k.k. are sold w m f to french household equipment maker s e b for one point six billion a deal supported by very low interest rates k k r made a profit of nine hundred forty million euros after repaying the loan and investing just one hundred million of its own capital that s a red. turn of more than eight hundred percent a lucrative deal but only for k.k. our shareholders made it his business making that s possible because at the moment there s enough money on the global market other investors are able to pay such prices and if the money weren t there they wouldn t be able to shift such volume s
Them. it s the classic self-pity of people engaged in politics. if only this money weren t here. if we can t get our message across if only the filibuster weren t in the senate, if only, if only. when you re on the defensive, suddenly you lash out. that doesn t mean there s not something to lash out at. you say fine, let s get there. to say it s a threat to our democracy. i feel like i ve heard that from the republicans. i think there are two things about the money. one is, this is the way the system was when we had the golden age. remember everybody wants franklin roosevelt? guess what? there were no campaign spending laws. a lot more free-wheeling. this is why american hate both parties. that s why the affiliations are going down, why the wrong-track, right-track number is there. if you want a third party, this is a good way to go. that s a great note to end on. we ll go to break quickly.