|
This flow of dollars invested abroad reduces investments in the New York stock exchange, which therefore decreases while Zurich and Tokyo rise. The intervention of Central banks of different countries to defend their own currency excludes the speculative game that often leads to the process of devaluation of the currency. And another cycle takes off again. The turnover is dizzying, but leads to huge profits, if one is unscrupulous, if information is known in real time, and if one acts in terms of monopoly. The most amazing element is that not one penny has moved throughout the exchanges. The only movement is done by orders of buying/selling and of exchanges on paper, through computer messages. All the money has remained in the respective countries. As a consequence of this way of proceeding, international cracks occur, even those of important banks. This can happen when orders of international purchases are not supported by real money and comes to the fore when, after stopping the game once a month for example, for payments and compensations, those who bought without having the necessary funds, cannot pay. As a consequence even small investors, encouraged by publicity and dazzled by easy earnings and who had invested their own hard-earned savings, are damaged. (58:4) limitations, but, often, the immorality of brokers have made these precautions useless.
(58:5)
|