Oligopoly explained. (10 min.)

[LargoWinch]

(click here to play)



Runtime: 10min.

[Jay]

Re: Oligopoly explained. (10 min.)

Awesome. The rest are solid too.

[LargoWinch]

Re: Oligopoly explained. (10 min.)

Awesome. The rest are solid too.

Yep, awesome for them;

Rise Of The Super Yachts

[vinoveri]

Re: Oligopoly explained. (10 min.)

Thanks for posting Largo.

[Diarmuid]

Re: Oligopoly explained. (10 min.)

As succinct and easy to follow explanation as I have seen. What remains explicitly unsaid but said inexplicitly with some force, the inenvietable conclusion, if one subrcribes to the views espoused, is, most are slaves in the most real sense of the word, House slaves some, but slaves nonetheless. Further modern day economics and law are nothing but the levers of a distribution and culling mechanism where those on the periphery suffer the most horrendus effects, of said.

http://www.youtube.com/watch?v=F3_EXqJ8f-0



Sovreignity of the individusal or so called government is nigh impossible with the yoke of debt, heavy on the neck.

Spain had to pay a near-record spread of 220 basis points over German Bunds last week to clear away an auction of 10-year bonds, roughly what Greece was paying in March. Leaked transcripts of a closed-door briefing to the Cortes by a central bank official revealed that Spanish companies have been shut out of the capital markets since Easter. Given that the Spanish state, juntas, banks and firms have together built up foreign debts of €1.5 trillion, or 147pc of GDP, and must roll over €600bn of these debts this year, this is a crisis unlikely to cure itself.

By their actions, investors show that they do believe the EU can be relied upon to back its rescue rhetoric with hard money, and for good reason. Germany’s coalition risks breaking up at any moment, fatally damaged by popular fury over the Greek bail-out. Far-Right populist Geert Wilders is suddenly the second force in the Dutch parliament. Flemish separatists have just won the Belgian elections in Flanders. The likelihood that an ever-reduced group of German-bloc creditors facing disorder and budget cuts at home will keep footing the bill for an ever-widening group of Latin-bloc debtors in distress is diminishing by the day.

Fitch Ratings said it will take "hundreds of billions" of bond purchases by the ECB to stop the crisis escalating. Since Bundesbank chief Axel Weber has already deemed the first tranche of purchases to be a "threat to stability", it is a safe bet that Germany will fight tooth and nail to prevent such a move to full-blown quantitative easing. The blood-letting along the fault-line between Teutonic and Latin Europe will go on, as the crisis festers.

Yet the markets are already moving on, in any case. They doubt whether the EU’s strategy of imposing of wage cuts on half of Europe without offsetting monetary and exchange stimulus can work. Such a policy crushes tax revenues and risks tipping states into a debt-deflation spiral, as if everbody had forgotten the lesson of the 1930s.

Greece’s public debt will rise from 120pc to 150pc of GDP under the IMF-EU plan. There is a futile cruelty to this. As Russia’s finance minister Alexei Kudrin acknowledges, a Greek "mini-default" has become inevitable.

Thanks for posting.