WATER ABLAZE - Patagonia Sin Represas

solely from its trade in derivatives, but also from highly risky Cross
Border Leasing deals, in other words, bogus tax-evading transactions
which politicians were talked into after being reassured that these
were low-risk deals which would “rescue the municipal budget”. We
now find ourselves in a regulatory cul-de-sac because no-one knows
just who exactly is “entitled” to the billions in question. The banks
perhaps, since they were the ones who gambled away the money Or
perhaps the car manufacturers, too, who have as yet failed to develop
fuel-efficient vehicles or produce electric cars on a widespread scale and
who are consequently experiencing a fall in orders. Or even department
store chains What convincing arguments are there anyway in favour
of pouring these financial blessings exclusively on the heads of the
really big fish and not allowing smaller businesses to cash in as well
Or perhaps only the latter should benefit, since they are the ones who
are more likely to provide jobs in the future and safeguard our net
product In any case, politicians have apparently not yet altered their
way of thinking, but seem intent on pursuing their present course of
action undeterred … What we desperately need now, however, is the
introduction of relatively simple, clear-cut measures. People must be
informed about the activities of individual banks and know which ones
are gambling and where they, as customers, stand to lose everything.
State-owned banks should certainly not be gambling with our money.
What possible reason could these banks have for participating in
international speculation, sham transactions or tax-evading deals such
as CBL etc. Taxpayers are finding it difficult to comprehend why their
money is being used to pay for the billions of euros frittered away by
the banks. It is equally absurd that public funds are being ventured in
speculative investments, a process completely and utterly irreconcilable
with sound local government budgeting.
The financial crisis has brought to light another aspect relevant
to the topic of this book. Since the 1970s, the volume of money in
circulation does not have to be underpinned by a corresponding
amount of gold held in national reserves. If the sums of money being
printed or distributed by the government no longer stand in any
relation whatsoever to the gross national product or to the genuine net
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