A nova contabilidade

O já varias vezes aqui referenciado Professor Fekete decidiu fazer um pouco de necrologia no seu mais recente artigo e fala-nos das contas dos bancos e dos artifícios contabilísticos tão em voga e patrocinados pela administração Obama e pela Reserva Federal Norte-Americana. Numa altura em que os resultados dos bancos e os seus lucros são causa de admiração apenas para os menos informados é um artigo que vale bem a pena ler para se perceber porque é que estes resultados publicados nada mais são que mentiras e o resultado prático de um exercício de “contabilidade criativa”.

Do artigo:
In 2009 we are wondering what has hit our banks. No mystery there. It was not subprime mortgages nor other loose lending practices. The banking crisis is entirely self-inflicted or, more precisely, government-inflicted the origins of which go back almost ninety years: faking balance sheets. That practice cannot go on forever. The day of reckoning comes when capital is called upon to do what it is supposed to do: to tie over the bank during a temporary setback. The kitty is opened, and found empty. Bank capital is gone […] we have a fully-fledged banking crisis on hand, and the FDIC will soon face its first real test since its establishment in the 1930’s. Is deposit “insurance” a myth as suggested by Palyi, designed to mislead the public? There is plenty of evidence that it is.

[…]

The much advertised “stress-test”, no doubt, is using the same metric that has steered the banking system to the ground during the past four-and-a-half score of years: the metric assuming that government bonds can never lose value, and bank balance sheets are there to falsify based on that false metric.

[…]

The moment of truth has arrived. You cannot fool all the people all of the time. The Emperor is naked: the tailors who created his garments are impostors.