The financial crisis as tsunami: No, it was not the real estate bubble



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Although media and politicians are very busy telling us something else, the financial crisis did not break in surprisingly. She also did not start with the real estate bubble in the US, as everywhere. Their origin is much, much farther back, their destructive power is much greater than imaginable and so far assumed. No one speaks about it. I do it.The financial crisis as tsunami: No, it was not the real estate bubble The financial crisis as a tsunami: No, it was not the real estate bubble

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Here writes for you: Martin Theyer is the manager of Europe's largest PCB manufacturer, financial expert, book author and lecturer. Profile

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Crisis - why?

Overview

On the occasion of my seven-year research on my book "Lost Trust - The Tsunami Model of the Financial Crisis", I have dealt intensively with a question that has never since let go: what really triggered this crisis?

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My tsunami model is based on the fact that there must be a trigger that set this wave in motion. A tsunami. Tsunami means "wave in the harbor. The term was coined by Japanese fishermen who returned from fishing and found everything completely destroyed in their harbor. And that, even though they had not seen or felt in the open sea for a while.

A small event causes the entire economy to collapse

Overview

Similar to a sea or earthquake, which can set a wave under the sea surface for the time being unseen, a small, locally limited event in a globally networked financial world can trigger far-reaching consequences up to breakdowns of whole economic systems.

And that's exactly what happened. Now I had understood how a financial crisis arises in principle. However, the trigger was not one step closer. I only knew one thing: Somewhere, something had happened that had caused this wave.

From the Fall of the Wall to the Financial Crisis

Overview

The wave had then spread underground for a long time, at first small, then expanding. Until, yes, until we could no longer overlook her because she was already overrunning us and causing a mess in the financial markets.

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So I had grabbed and did not let go. After long and intensive research in the USA, London and Switzerland I came close to the core The same force that brought the Berlin Wall down, triggered the most severe financial crisis of our century!

Reaganomics

Overview

It is called Reagonomics. To be more precise, the neo-liberal economic course of the Reagan era and the belief in the market's self-sufficient market forces, The Reagan era forced the Soviet Union to its knees by the tremendous contest.

The communist system of planned economy was ultimately subject to the capitalist system of the free market economy and had to be defeated by 1989. This was the way to the reunification of Germany and thus to the fall of the Berlin Wall!

Ronald Reagan is guilty!

Overview

Recalculated on the financial market, this means that the officials of the Reagan era and their successors, led by Alan Greenspan, were firmly convinced that the dismantling of controls and barriers would not only stimulate the economy.

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They also believed much more that this would lead to a fair distribution of capital and resources in a society. Ronald Reagan was a supporter of Neo-market liberalism, mentally supported by Nobel laureate Milton Friedman with his laissez-fair principle.

Lack of regulation of the capital markets

Overview

How horrendously wrong this assumption was and to what catastrophic consequences it led, turned out much later. Unknowingly, the Reagan era triggered so long ago a seaquake whose waves today threaten to tip the existing financial world off its hinges and which still keeps us breathless with its full destructive power.

Alan Greenspan, incidentally, admitted at a hearing in the Committee of the Parliament 2010 that it was a mistake not to regulate the capital markets more strongly! A late insight from which hopefully for the future was learned.

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  1. Michael Moesslang

    First part of my series "The #Finanzkrise as #Tsunami" - No, it was not the real estate bubble!

  2. View Profile

    First part of my series "The #Finanzkrise as #Tsunami" - No, it was not the real estate bubble!

  3. Martin Theyer

    First part of my series "The #Finanzkrise as #Tsunami" - No, it was not the real estate bubble!

  4. Henry Kürzeder

    Interesting view on the ever-recurring #Financial Crisis by author Martin Theer

  5. Heini Kürzeder

    Interesting view on the ever-recurring #Financial Crisis by author Martin Theer

  6. 5 stars experts

    Interesting view on the ever-recurring #Financial Crisis by author Martin Theer

  7. Monika Paitl

    The financial crisis as a tsunami - Part 1: No, it was not the real estate bubble #g

  8. Heini Kürzeder

    Interesting view on the ever-recurring #Financial Crisis by author Martin Theer

  9. Goldegg publishing house

    Very exciting!…

  10. Liane Wolffgang

    The financial crisis as a tsunami - Part 1: No, it was not the real estate bubble: Although the media and the politicians se ...

  11. Simone Janson

    The financial crisis as a tsunami - Part 1: No, it was not the real estate bubble #g

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