April 16th, 2009 by Alex

“The truth is that a dollar of capital in a bank can actually result in eight or ten dollars of loans to families and businesses, a multiplier effect that can ultimately lead to a faster pace of economic growth.” President Obama 4/14/09

And that is a good thing why? Who wants economic growth that is dependent on ever-greater indebtedness to banks? I know I sure don’t. The only people who want that are people who either don’t get it, or who are working in the interest of the banks.

April 15th, 2009 by Alex

Check out Woods’ popular new book “Meltdown”

April 11th, 2009 by Alex

An Argentine opinion on the Global Financial Crisis, describing the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model. The four sides are: (1) Artificially control the supply of public State-issued Currency, (2) Artificially impose Banking Money as the primary source of funding in the economy, (3) Promote doing everything by Debt and (4) Erect complex channels that allow privatizing profits when the Model is in expansion mode and socialize losses when the model goes into contraction mode. How will the Global Financial Collapse end? How long will it take to really turn around beyond a temporary, fake, stimulus-dependent turn around? Are we on the way towards global war? Will it end after the nukes go off? I guess we’ll have to wait and see.

April 9th, 2009 by Alex