Investment Banks and Credit Institutions: The Ignored and Unregulated Diversity

The problems that have swept the world of finance and credit in recent years, the bankruptcy of some national italian banks and the ensuing social dramas, are seen and discussed with staggering shortsightedness and an incapacity to understand the real causes that have led us to becoming hostages of a collapsed socio-cultural model. The real roots of this cultural, social and financial disaster can be attributed to the role that finance with its epicentre in Wall Street has taken on over time, becoming subordinate to the real economy and entirely deregulated. The wind of finance on the real economy has been fanned by decades of deregulation after 1971 the end of "gold-exchange – standard" to "dollar – exchange – standard" and development of infinite monetary system as in this graphic (Figure 1).