Deeper causes of the global financial crisis and necessary changes (Prof. Bernd Senf)
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Also check out Ratigan on YT, who really nails it! Senf is saying quite the same, of course, but providing detailed explanations for it all ... key-point: politicians don't care, and often don't know the plot!
sensibilita 1 week ago
"As we peer into society's future, we – you and I, and our government – must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without asking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow." - President Eisenhower 1961
sensibilita 2 months ago
Joachim Fels, chief economist with Morgan Stanley: “Greece was only a foretaste of what will happen in other countries as well. The governments took over a great amount of bad assets and debts from an insolvent private sector, haven’t they..."
sensibilita 2 months ago
"In order to bring about the collapse of a society, there is no better tool available than to ruin its currency." -- John Meynard Keynes, economist
sensibilita 2 months ago
"It's actually good that people do not understand our banking- and finance-system. If they did, we would have a revolution before the crack of dawn!" -- Henry Ford, car-maker
sensibilita 2 months ago