Neue Debatte - Special Edition - Long Essay on Left Strategy #002 - 04/2017 | Page 71

12 Strategic main goal: Eliminate financial capitalism 12.3 Abandon fictitious capital and fiat money! A stock exchange is a place for continuously generating fictitious cap- ital and fake value. On a finance market both emerge from a super- natural nothing and vanish as well into the dark of damnation. Prices of effects, stocks and shares, bonds, equities, loans, or financial secu- rities rise and fall. On real commodity markets prices are balanced through real consumer needs and their option to pay for a good. What sort of needs spur participants on finance markets? They are dominated by worries to manage huge funds and by fear for losses of own and lent money. Capital has to be maximised. They are personi- fied capital and the greed for profits is haunting them. They are agi- tated to miss opportunities, or driven to escape from breakdowns. A real economy company with its material production facilities, R&D laboratories and accumulated k now-how of its staff has reached a real and permanent value, you would notice if you tried to build it up anew or to cover it by an industrial insurance. Finance markets and their unreal business can allegedly raise this company value enor- mously or intrigue it down to scrap. Nevertheless the company stays what it is and what constitutes its true value. Fluctuations of share- holder values, assets rotating as financial instruments, mutual equity and bond funds, and on top hedge funds indicate gambling and bet- ting with fictitious capital out of thin air. Unfortunately these inde- cent capitalistic playgrounds infect the real economic world of the peoples and entangle it in financial EcWW disasters. Fiat money is printed paper from the press based solely on faith in a government’s or central bank’s declaration. In times of crisis and in- flation it ends as paper waste and can fade away from the digital world. Since a currency is no longer backed by a physical commodity (gold or silver), nobody can make the proof on its real inner value. Today the value of a currency shall represent the strength of a na- tional economy, expressed by its Gross National Product (GNP). But who knows. Take the Euro. What does it stand for in the different Euro countries? Moreover, the ECB is throwing around with fresh bil- lons of Euros the deflating economies cannot even make use of. It is still about of the historical knowledge that in the end the masses of social hosts, not their parasites are the real measure of all things and who promote history. This old truth is obscured by the Taboo. The grand delusion on economic value to be a mysterious market enigma confuses society ideologically. The surplus value extracting 65