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Friday, January 9, 2009

The financial crisis and the first principle of thermodynamics

I fear that someone is not yet clear because of the most serious financial crisis of the last 80 years, but mainly I am referring to some Italian media which, paradoxically, bring into question the very existence, beyond the figures in the game.

According to a survey of De Zeit, the losses accumulated by financial institutions since the start of the crisis would be around 2800 billion dollars. More than 20% of U.S. GDP, well above the wealth produced in Italy in 2007 (2100 billion dollars).

While total 23 thousand billion loss recorded by the stock exchanges in the same period.

What this has to do all this in the first principle of thermodynamics also said, by extension, the law of conservation of energy?

It would be wrong to talk about money lost or stolen, "according to the time the most appropriate term should be" evaporated. "

In stock exchanges it makes a difference because as the water vapor that once cooled, it back into liquid, the money will return in order to pocket the usual suspects. Indeed, as the trend of the time, the 2800 billion dollars lost with the crisis have not disappeared into thin air. One part is unsold homes in the United States (990 billion dollars), another in the pockets of the rich as Mr. Silvio Berlusconi.

The usual "slander" against the premier? In mid-October, the Italian premier has purchased 16 million of mediaset shares when the title of his group was at historical lows.

Nothing illegal for charity, but encourage people to consume and borrow more, I feel really irresponsible. The crisis is evident, as in 1929, was created not by mistrust, but mainly from a widening of the gap between rich and poor of the planet.

There is then the aid of a Spanish professor Manuel Castells that wisely reminds us that consumption is not to make the happiness of mankind. If we would live in another way, leaving missed stimuli "necessary" to the economy, we could use our money to stimulate the mind because that is where he feels our life.

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