Tuesday, May 29, 2007

Crack del 29 (II): ...mezclamos A y B....

Recordemos que la Fed, años antes, había sido vendida cómo el mecanismo gubernamental para acabar con el poder demoledor de los bancos y así descentralizar su influencia. El otro "selling point" fue que llevaría estabilidad a las economías. Vil patrañas ambas..

De Julio a Diciembre de 1928, la bolsa de NY subió un 20%!!!! Obviamente, la fiebre especulativa invadió el parquet...

Luego, en Febrero del 29, una cosa interesante pasó: Montagu Norman, presidente del Bank of England y amigo íntimo de nuestros admirados banqueros neoyorquinos, viajó a NY para reunirse con la Fed y con el Secretario del Tesoro, Andrew Mellon, cuya visión reflejo aquí:

"Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.... [That] will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people." (Hoover Memoirs 3:9).

Al dia siguiente de esas reuniones, el 6 de Febrero, la Fed de NY pidió a todos sus asociados (había 12 o 13 bancos más de la Fed en Chicago, Kansas City,...) que liquidaran todas las acciones que tuvieran en Wall Street.

Benjamin Strong, de JP Morgan, que fue uno de los fundadores de la Fed y estuvo en Jekyll Island, proclamó que la Fed era una salvaguarda para momentos cómo ese. Vive Dios!.

El 19 de Abril, rodeada de una enorme secreto, una reunión tuvo lugar en la Fed. Curiosamente, al dia siguiente, el New Your Times publicó lo siguiente:

"Federal Advisory Council Mystery Meeting in Washington.
Resolutions were adopted by the council and transmitted to the board, but their purpose was closely guarded. An atmosphere of deep mystery was thrown about the proceedings both by the board and the council. Every effort was made to guard the proceedings of this extraordinary session. Evasive replies were given to newspaper correspondents."


La decisión estaba tomada, la suerte estaba echada. En breves semanas se descubriría si la Criatura de Jekyll Island era domesticable y podía servir los designios de la élite....

76 Comments:

At 1:44 AM, Blogger Johnny Tastavins said...

Qué divertido! Los cambios en el tiempo son simplemente estéticos. Antes había banqueros jugando a Dios para conducir nuestra vidas disolutas. Ahora tenemos políticos. Nada nuevo bajo el sol. Espero con ansia el la tercera parte.

 
At 1:57 AM, Blogger PENELOPE said...

Ya me perdí definitivamente :(((...porqué les pidieron que liquidaran todas sus acciones? para hacer caer la bolsa? para qué?...no entiendo nada...

 
At 2:03 AM, Anonymous Anonymous said...

Yo también me he perdido... Necesito un resumen esquemático!!

 
At 2:54 AM, Blogger General Fórceps said...

Hmmm....pero si hasta el otro dia me seguíais, y hoy no digo casi nada...

Veamos: si estos tios crearon la Fed, y gracias a ella querían pegar un batacazo a la economía -en especial Wall Street-, tiene sentido que digan a sus asociados que se libren de las acciones que tengan para no ser impactados por el crack.

Me parece que ya os estáis aburriendo del tema bancario, lo termino en un par de dias y luego vamos a cosas mas chulis, con muertos y tal, ¿vale?

 
At 3:04 AM, Anonymous Anonymous said...

Dicho así parece fácil, pero ¿por qué provocar un crack? Ellos también saldrían perdiendo. A no ser que se les fuera la mano, involuntariamente.
Aunque la verdad es que yo de esa época y esa situación en particular no tengo mucha idea, de ahí mi perplejidad.

 
At 3:09 AM, Anonymous Anonymous said...

si y?
la SEC inglesa, precursora de la FED, llevaba años realizando cambalaches parecidos...., era otra época y era más fácil amañar y engañar...

no veo nada sorprendente en la actitud de los jerifaltes bancarios ya que la relación con la FED era de connivencia....faltaría más...

 
At 3:17 AM, Blogger General Fórceps said...

No, Doc, ni en coña. Mañana lo cuento.

Oscarini, en efecto. Lo del Bank of England es angustiante, pero preferí no entrar ahí porqué es un poco denso, si bien es remarcable. Luego ingleses y americanos jugarían en el mismo bando.

 
At 3:46 AM, Blogger PENELOPE said...

No, Fórceps lo que yo no entiendo ( y perdóname porque estoy muy pez en esto) es si, liquidando todas las acciones provocan la caída de la bolsa ó si las liquidan porque "saben" lo que va ocurrir.Si es una pregunta estúpida, te la saltas y punto ;)

 
At 4:05 AM, Blogger General Fórceps said...

Pene, si eres mi alumna aventajada :)

Liquidando, relativísimamente, contribuyen a la caída pero eso es accesorio. Las liquidan para no pillarse los dedos.

 
At 4:27 AM, Blogger PENELOPE said...

O sea, que sí que "saben" lo que va a pasar.

 
At 5:35 AM, Blogger General Fórceps said...

Joder, si lo urdieron ellos!

"Al dia siguiente de esas reuniones, el 6 de Febrero, la Fed de NY pidió a todos sus asociados (había 12 o 13 bancos más de la Fed en Chicago, Kansas City,...) que liquidaran todas las acciones que tuvieran en Wall Street."

 
At 5:47 AM, Anonymous Anonymous said...

Bueno, esperaremos a mañana a ver si se aclara.
Pe, si quieres quedamos después de clase para estudiar juntos...
;)

 
At 5:55 AM, Blogger Johnny Tastavins said...

Fórceps, ¿qué tal si configuras bien el blog y le pones una hora decente, en lugar de la de Hawaii o similares?

A todo esto ahora le llaman tráfico de información privilegiada, ¿no? Y el Conthe, o su sucesor que no sé como se llama, se forran también ...

 
At 7:38 AM, Anonymous Anonymous said...

no, Conthe es el tipo más genuino y honesto que ha pasado por el escenario público nasioná en años.

 
At 9:30 AM, Blogger General Fórceps said...

No, insider trading es otra cosa.
Eso está por encima de todo, no tiene ni nombre pues no existe formalmente.

 
At 9:30 AM, Blogger General Fórceps said...

Lo de la Fed digo.

 
At 11:54 AM, Blogger PENELOPE said...

por eso he puesto "saben" con comillas...pero quiero saber como lo hicieron...porque lo de liquidar sus acciones dices que sólo contribuyó.

 
At 3:19 AM, Blogger Burnout. said...

Me imaginaba algo así, Forceps, no sé por qué cuando estudié historia, eso de que "todo sucedió por accidente" me sonaba demasiado a cuento de hadas.
Lo que cuentas tiene una lógica aplastante.
Además supongo que el gesto a posteriori del JP Morgan que dicen los libros de historia "que se ofreció a comprar todas las acciones dentro de lo posible para frenar la catástrofe", fue una tomadura de pelo...
¿O un gesto desesperado para evitar la catástrofe que habían propiciado?
Perdon si te fastidio el asunto... sólo sé lo que me enseñaron.

 
At 8:10 AM, Blogger Raimon said...

'La Fed compró $500 millones en bonos al Gobierno (que los volvió a inyectar al mercado via gasto público), que unido al efecto multiplicador de los bancos (que sólo deben tener un mísero X% de reservas, pónganle 10% pero en realidad es 1.5%) significó a la postre la aparición de $10 billones en sólo 6 años.'

Yo esto no lo puedo seguir. Tú lo tienes interiorizado y los ves evidente, pero yo no.

Da igual, tampoco es el tema.

Lo ves tot plegat como una operación urdida para conseguir:

a)una población empobrecida y aquiescente?

b)disminuir el número de 'miniricos' para conseguir un pequeño número de 'superricos' oséase grandes fortunas que lideren el país a su manera?

c)both?

 
At 12:57 PM, Blogger General Fórceps said...

@ Pe:
Expandiendo y luego contrayendo oferta monetaria y bajando y luego subiendo los tipos de interés. Macro base, la buena.

@ Burnout:
No sabía que dijo eso. Sin duda una tomadura de pelo y una operación inteligente, pues compró por menos de lo que valían...

@ Rai:
Lo primero es:
Fed imprime pasta.
Se la cambia al Gobierno por títulos públicos, papeles.
Ese dinero se mete en el mercado ya sea financiando, gastando, construyendo carreteras, subvenciones...
Pasta que termina en los bancos, que la multiplican por 100.
Eso explica el boom de la oferta monetaria, deliberado.

El objetivo:
Confirmar que la teoría funcionaba
Purgar el mercado.
Petar bancos para asegurarse posición de cártel.
Y más cosas de las que pronto hablaré, muy relacionadas con tu b)

 
At 2:14 PM, Blogger Elnan said...

El plan estaba trazdo y la reunion en Jekyll Island solo sirvio para cortar flecos ¿o ya me he perdido?

El hecho de que luego se compraran esas acciones a menor precio sirvio para que los urdidores del plan acumularan mas riqueza si cabe dejando en pelotas a los demas ¿o me he vuelto a perder?


Llevo mucho tiempo desconectado de Random pero intentare coger el hilo de nuevo

 
At 11:50 PM, Blogger General Fórceps said...

No, la reunión de Jekyll ISland ocurre 20 años antes:
http://randomcorp.blogspot.com/2006/09/part-ii-evidencia-de-la-conspiracin.html

Lo de la compra de acciones es así, pero no es realmente importante, pues también compraron acciones depreciadísimas muchos otros tios no metidos en la Fed.

No dudes en preguntar!

 
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