"Markets Are Out of Control"

"In some ways it’s a battle of the politicians against the markets. That’s how I do see it. But I’m determined to win this battle." - Angela Merkel (last week)

“I’m convinced the markets are really out of control." - Wolfgang Schaeuble, Germany’s finance minister

How is that working out for you Angela? Yeah, not so good huh? That line of thinking worldwide has led us to our problems. The idea that the politicians and their governments are bigger than the markets. Even in a country founded on capitalism, the U.S. political leaders have embraced that idea. And so they manipulate and move behind the scenes for years until they run out of room and they lose control of that which they thought they did control. Unfortunately, they won't learn and try to double down. The panic in Germany one can feel.

Everything I just said is made perfectly clear on this CNBC article.

The man at the eye of the financial storm that has engulfed the euro has learnt to be patient after 20 years confined to a wheelchair. But Wolfgang Schaeuble, Germany’s finance minister, is also a man in a hurry......He wants urgently to rewrite the rulebook of the euro zone to prevent any such crisis happening again

WHEN WILL SUCH JOKERS LEARN THAT YOU CAN'T PREVENT CRISES FROM HAPPENING AND IF THE GOVERNMENT WOULD STOP MAKING CRISES BIGGER THROUGH THEIR INTERVENTION THAT SMALL CRISES ARE GOOD THINGS. SYSTEMS NEED TO CLEANSE!!! NOW WE DON'T HAVE AN OPTION BECAUSE THE PROBLEM IS TO BIG TO CLEANSE. IDIOTS!!!

“I’m convinced the markets are really out of control. That is why we need really effective regulation, in the sense of creating a properly functioning market mechanism.”

Like I said, they don't learn. They just try to double down over and over and over again. I mean how stupid can one be?

“A market does not function properly if the risks and rewards are completely unbalanced,” he says. “We need transparency. Given the complexity of modern technology, the individual needs a chance to judge what he is doing. That’s why we need standardization of products. And we need transparency for all market participants.

Than why is worldwide the idea of changing accounting rules to hide transparency so popular?

The entire article is just nausiating.