These days, gamblers get too much attention. They are artificially enhanced. They are projected as the concept of the enemy and as the great threat. Especially “politics” incant that gamblers are the enemies. Allegedly, they are the new evil ones who speculate with the bankruptcy of countries. Without scruples and conscious of what they are doing, they accept the breakdown of our currency as a possible consequence, just in order to make a huge profit.
(The very idea is probably nonsense. What would be the currency for them to receive their profit in, if they destroyed the currencies?).
It seems like the fear of “international gambling” is spreading through the country (or at least through politics, provided the politicians do not, again, tell lies). The general credo that the Euro must be protected from gamblers is the new holy task of the occident. And we risk our necks for it. Well, you always need a reason for rushing headlong into disaster, don’t you? Wars have been started for more stupid concepts.
I believe there is something of the gambler in all of us. It would be a lie if I said that gambling is totally alien to me. At least, I never gambled with stock. With the exception of four Siemens employee shares, I never even earned stock (except those of my own enterprise).
The few “gamblers” I know personally are all absolutely nice, honest and very wise humans.
In my opinion, politics and the public opinion are (again) punishing the wrong people:
No gambler could ruin “our” currency if it were not quite ill already. But the malady itself is not the fault of the gamblers. It is something we all together have caused. All the gamblers do is make transparent something we all have known for a long time.
However, we all preferred an “ostrich policy”. In order to survive, we stuck our heads into the sand. Incidentally, this is a policy that will also prove detrimental when it comes to climate politics – even if it will probably take a little longer for us notice.
Perhaps gamblers could be seen as something positive in that they are early indicators preventing something even worse from happening later. After all, they only show the collective and total debt we have accumulated, they did not create it. And the earlier we change course, the better.
Otherwise, gamblers do exactly the same thing as (state) banks: they finance their margins by lending money to the national budgets. It makes no difference if we are talking banks like BayernLB, HRE or KfW. Now, the KfW, for instance, is to lend money to Greece for 6 % (?), which – thanks to the Federal guarantee – borrows it from “the market” at 4 % (?).
Neither do I understand why the profits made by “gamblers” are more amoral than those made by gambling banks. Or will the next theory be that there are good gamblers and bad gamblers – and the banks are the good ones? Just like in wars there are always the good guys and the bad guys. Well, perhaps I will believe …
RMD
(Translated by EG)
P.S
Thanks for permitting me to really let off steam. Thanks even more for reading and replying.
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