In The Middle of The Fight : Wealth and financial capital rape by Hugh McCallum
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Overview: Speaking of war, what emerges in people’s minds are roaring cannons and roaring planes. Indeed, these are typical war scenes. However, since the 1990s, another form of war has emerged. In this kind of war, there are no cannons and airplanes, only the capital to fight; there are no shouts and gunfire, only the soft tapping of the keyboard. However, its blow to a country is no less than a war. This is the financial war described in this book. The so-called finance refers to financing, that is, the process by which people raise funds through various means such as bank loans, issuance of bonds, and issuance of stocks. Financing means such as loans, bonds, stocks, etc. can bring income and are called financial assets in finance. The issuance and trading of financial assets either have a place or just a process, which is called the financial market in finance. The so-called financial war refers to the act of plundering wealth by setting off a wave of large-scale speculation in the financial market. The word “finance” is used in front of war because this kind of war is launched using financial assets, and the word “war” is added after finance because the use of financial assets to launch a deliberate attack. Since there was a financial market, there has been no interruption in speculation. Yes, speculation is a normal behavior in the financial market, and it complements hedging behavior. However, financial war does not refer to general financial market speculation. It refers to speculators deliberately attacking a country’s financial market by virtue of their strong financial strength, and obtaining high returns by artificially depressing or pushing up the prices of financial assets. .
Genre: Non-Fiction > General
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