La Tarcoteca

La Tarcoteca

martes, 7 de abril de 2015

Robin Hood is another way to Occupy Wall Street

Another way to deal with saves. Thanks to an algorithm pet "Parasite" this company can track the speculative investments operations and put the money just in the same values as they do, no matters which, earning the same rate.

It is not that is fair, is is not revolutionary, is just to use the economical weapons against edge found, risk inverstors, volture founds, market manipulators, banks and other crap. Then the members decided where to invest the recovered money. Just as Robin hood did.
“Robin Hood is another way to Occupy Wall Street” – Robin Hood member, professor Luca Guzzetti, University of Genova

What is Robin Hood Minor Assestment?
We established Robin Hood in June 2012 in the middle of the financial crisis and crisis of Europe. The lesson from the background analysis was clear: The financialization of economy is a fact. Precarization is not a passing phenomenon, but becoming the normal way of the organization of labor. Financial market has nothing to do with free competition. The number of banks in the world has decreased in the last 30 year by 40%. Only 10 big investment banks control over 90% of the entire derivative market whose size is estimated to be around 1200-1400 million billion dollars (over 20 times the entire world GNP). During the first three months of 2013 alone, the profit of Goldman Sachs was over 2,26 billion dollars, of HSBC 6,35 billion dollars, JP Morgan 6,53 billion dollars – this in just three months. It is a very lucrative business. And we know about the scams, lies, manipulations and unbelievable bonus systems. The employees and leaders have confessed the manipulation interests rates and exploitation of clients for making profit. The power to create money is in the hands of the financial market, but we have no access to it. Our money is obliged to take part in the market, but we never profit from it. We just carry the risks. There is a deep asymmetry between those who are able to create money by transforming it into financial capital (income not tied to the necessity to work) and those whose only access to money is to work (possibly at any cost) – or first take debt, and then work.
Could we bend the financialization of economy into the advantage of precarious workers? Could we challenge the debt mechanism of control, the command to submit to any work, the limited options we have for financing our living? Could we think of sharing the means of creating capital financial market has in its use, of putting them to work also for all of us? Could we think of a relation to money, not as binding us with debt and to capital relation, but as a means of freedom, escape, and increase of independence? Could we think of profanation of finance, of returning its space to common use and play? Could we reappropriate the power of money, not only as a means of payment and exchange but as a power to command the future?
We think we can. Robin Hood is a counter-investment cooperative of the precariat. We operate a massive data mining algorithm – we call it the “Parasite” – which logs into the brains of the bankers at Wall Street and they don’t even know it. We know who are the best players. We know exactly what they do and when. Robin Hood is our means to share this knowledge. In the first year, the value of our portfolio rose 30,74%. With this result we were the third best hedge fund in the world. Now, after the second year, we are up 40,15% and have about $0,6M assets under management.
Robin Hood’s business is minor asset management. It means sharing and democratizing the power of finance: building on its basis a possibility for basic income, for production of commonfare, for radical project funding, no interest loans for financing one’s studies or life, in a form of an investment cooperative. We call it minor asset management, a possibility of political operation of building from our minor assets financial out-onomy in cooperation.
We are looking for new members.

How does it work?

We follow transactions at the U.S. stock exchanges, make databanks of market actors, deconstruct them from individuals into dividuals to extract their most important knowledge and capabilities, and to put them to work for us.
We operate a massive dynamic data-mining algorithm – we call it the ‘Parasite’ – which logs into the brains of the bankers on Wall Street, and they don’t even know it. We know exactly what they do and when. We know who can make money consistently with certain instruments and who cannot. Robin Hood is our means to share this knowledge. In the first year, the value of our portfolio rose 30.74%. With this result we were the third best hedge fund in the world. Now, after the second year, we are up 40.15%.
Robin Hood operates exactly like the hedge funds and not like a ‘retail fund’ of a bank. Robin Hood owns stock in other companies as the only asset, and operates with greater flexibility than banks. The investments of members are open ended and withdrawals are allowed only at certain moments of the fiscal year. The value is calculated as a share of the net asset value (NAV), which means that the increases and decreases in the value of a cooperative's investment assets and expenses are directly reflected in the amount a member can later withdraw. This is exactly what hedge funds do too, but what Robin Hood hedges, is precarity: we take a position in the financial market to offset and balance risk adopted by assuming a position at a contrary market, the precarious labor market, where so far people have just been paying the bills of financialization by letting it use our capability to assume debt, pay taxes and worsen social rights as the main raw material for accumulation of financial assets.

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