Presentation Stefan Heidenreich & Ralph Heidenreich - Business as Unusual: Financial Crisis, Computing and Money Machines

Presentation Stefan Heidenreich & Ralph Heidenreich - Business as Unusual: Financial Crisis, Computing and Money Machines

in/compatible systems

 

Stefan Heidenreich (de) & Ralph Heidenreich (de)

the money machine.

 

incompatibilities of money creation, trading schemes and network power

without computing and digital media, the financial sphere could never  have become the monster it is. The effects of new media set in at three  points. the creation of money is by itself a simple routine of book-keeping. but  thanks to so-called financial innovations the banks extended it to a  ponzi-scheme of enormous size.
there are estimates that computers and algorithms account for more than  50% of trading. reliable data are difficult to achieve, as conventional  market places have diversified into high-frequency casinos and so called  dark pools.
and last but not least, we witness in fornt of our eyes, how the smaller  institution of the state surrenders itself to the bigger network of the  banks. the transition of sovereignty is marked by the phrase "too big to  fail" which applies to almost all globally active banks.

all these schemes amount to the core incompatibility of how to  snythesize the virtual profits required to keep the money machine alive.

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