From www.truthout.org Time for a New Theory of Money What the current banks do: The banks are not really creating credit and advancing it to us, counting on our future productivity to pay it off, the way they once did under the deceptive but functional façade of fractional reserve lending. Instead, they are vacuuming up [...]
Posts Tagged ‘Financial Crisis’
Why people should have the option of public banks..i.e. banks that are run as utilities
Posted in Uncategorized, tagged banks as utilities, debt, Financial Crisis, public banks, securitization on November 10, 2010 | Leave a Comment »
After the Crash…
Posted in Financial Collapse?, tagged credit, feudalism, Financial Collapse, Financial Crisis, money, Roman Empire on May 13, 2010 | Leave a Comment »
A fantastic post about how past civilizations have dealt with the shift from complex to simple…Empire to Feudalism… It’s a story as old as civilization itself..and we are next in line… Excerpt from “After Money” by John Michael Greer As the rising spiral of economic trouble continues, we can expect drastic volatility in the value [...]
Back to the Future…
Posted in Financial Collapse?, tagged 80s, Financial Crisis, politics on May 13, 2010 | Leave a Comment »
Excellent review of the financial crises of the 80s…also suggests that the present crisis finds its roots there… Lessons From The 80s: Nothing New Under The Sun
From Republic to Regency?
Posted in Bonfire of the Vanities, The Art of War, tagged AC/DC, Depression, end of days, Financial Crisis, Regency, Republic, Runaway Train on May 5, 2010 | 2 Comments »
I’ve read in a number of places that nothing should be done to break up mega banks and to expose the fraud that has become the cornerstone of the American political and economic systems because it is too risky. Which is to say it’s too difficult to put the genie (i.e. “Fraud”) back in the [...]
