The 'OCCUPY' movement; Why so much dedication by protestors, but little progress ?

First of all I would like to make clear that 'Anti-Crisis Economics' or 'X-Economics' is neither activist or protest group.

However, the information currently made available through these blogs will shortly create enough understanding of the current financial system, the problems within it and the proposals of how financial businesses should be working. ......One of the problems of the Occupy Movement is that ..............

1...........The public do not quite know what they have been protesting about.
Much of this is down to the press,.....for a number of reasons.

         A)A lot of the press do not understand what the problems with the financial system are.
             They have qualifications relating to journalism but may be finance is not their thing....

         B)Many national news papers have a political view which protects capitalism as their standard procedure regardless of the problems that unregulated capitalism has on everyone throughout the world.
This can also be said for TV companies.

Most of the news paper articles I have seen on capitalism protests seem to come up with this same phrase; 'Its about corporate greed.' This phrase is repeated again and again on different occasions which in my mind makes it look like the real reasons given by protesters are not reaching the news papers or TV screens. This one has probably been substituted for more detailed explanations which the news paper owner may prefer to keep from the public for reasons which may affect a corporation that owns a news paper (or TV company), or may be has been influenced by a wealthy individual from a large business or a political figure.

2............The protesters in many cases will not know the extent of the problems in the financial world or specifically what they are. However, there are plenty of good reasons for them not to know these details....

- You will not find what the banks do today in any degree course or at any other level. You will get a kind of image of banking that would fit into some kind of make believe world where the selfless financiers are bettering the world through their investment of our money.    I believe this to be for the simple reason that the banks do not want the world to know what they really do. The governments that are in control of education have their own reasons for what seems to be an eduction system that protects capitalism. The problem is that the kind of capitalism that is being protected is a destructive kind.

-Even qualifications in Economics are completely useless. I was going to study economics myself after leaving the finance industry only to find that economics barely recognises the existence of the stock markets and doesn't recognise the problems that banks and various types of investment can cause within the economy. Having worked within the stock markets I knew that the stock markets and the banks were a very influential force in economics ! After a lot of thought I decided a degree in Economics would be a complete waste of time as it would give a false image of what the real influences of economics really were.

-There are obviously plenty of books on banking and qualifications that go with them. The image of banking given in the books and portrayed by the education authorities is misleading. Ive read enough pages of these books to discover that they have gaping holes where question need answering, but these questions strangely go straight over the heads of the so called experts, who have no doubt got their degrees. The problem is , the degrees they have got will be as biased as the stuff they are writing!

 What I do on these blogs is give information about stock markets, banking and the influence on businesses and economics.............But all these books and banking courses are supposed to be on exactly the same subjects........I don't want to tell you whose wrong and who's right. Take a look at some banking books. Then take a good look at these blog posts.......Then make up your own mind..................

COMET IN ADMINISTRATION; INVESTORS TO BLAME?

Comet, the electrical retail store went into administration today.

There are a number of factors which contributed to this......

Many we hear about every day, in relation to other businesses which have suffered similarly.

The problem is the press and media are reporting a one sided explanation of the circumstances. The point of view which has been portrayed by the executives and may be financiers involved with these companies. This may be of a view that those involved may want to portray....................

In February 2012,  Comet was bought by private equity company, Hailey Holdings & Hailey Acquisitions in tandem with advisory private equity company OpCapita LLP for a token £2 ($3.23).

(You should note that;
Hailey Acquisitions was formed as recently as 2nd November 2011 and registered at Companies House in the U.K. ! There are no other companies under it's control other than Comet. The name may be a coincidence or may be not.)

The buyers received a £63 Million dowry payment from the seller. A dowry is basically a gift. Some may call it a bribe. This kind of thing should not need to go on. If this kind of thing went on in the stock markets it would be illegal. This is because it would be perceived as manipulation of the markets. If you don't think a  share is worth buying on it's face value, then you should not be encouraged to buy that share because the seller has slipped a few notes into your back pocket. In this particular episode, the amount going into the back pocket is a cool £63 Million ....Instead of a share in a company, it's a whole company... .............. It wouldn't be quite so bad if the money belonged to the seller, but it will be investors money that will be used for this gift incentive.  ....................... Those investors will obviously suffer as a result of this payment. The executives of Kesa Electricals, the business that owned Comet will however not be affected by the loss. In fact they will be charging their investors for their services, regardless of how badly their performance may be.

OpCapita is run by ex banker Henry Jackson. OpCapita has taken over just four businesses since it was formed including Comet. Of the four, two have gone into administration. The other company to go into administration was one of Britain's higher profile companies, MFI.

Although Hailey Holdings and OpCapita received the £63 Million dowry payment, they will not need to invest all of this in Comet as their investors are other investment companies. Their main investment is led by  Grey Bull Capital, an investment company based in London. Also investing were Elliot Advisers from the United States.....................................................

For the benefit of outsiders to this business, some of the things to note are as follows:-

Hailey Acquisitions was formed in November 2011. Just three months later, it was taking over one of the U.K.'s biggest retailers! ...................................If you have started, and currently run your  own business, this will be difficult to comprehend. ................................There is no sign of building up a reputation and a customer base............So how is it then that a business that has been formed so recently take over a high Street retailer of such importance to the U.K?  ....... ...................................  ..............................................................................to be continued....................