Blind Economist Satyajit Das

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Uploaded by on Nov 7, 2011

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News & Politics

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  • likes, 4 dislikes

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  • you need to learn how the system works and before you go criticising other people who are smarter than you otherwise you may end up looking like a fool. Read the comment by dedumbre

  • Das is right about debt. Please don't blame Das.

    Please study how Federal Reserve bank and all other central banks around the world works.

    As of today Federal Reserve Bank has liability of $2T on there balance sheet.

    Fed prints money and gives loan to government by buying treasuries. Fed also gives loan to banks on nominal interest.

    Banks then use the trick of Fractional Reserve system and loan that money to others 10 times the money they have taken from Fed.

  • what ever happened to common sense...? I mean the mind has to be malfunctioning not to comprehend that the so called economical growth is turning Earth into a dump. The so called economists must be in a numbed or a matrix-controlled state of mind.

  • he aint blind

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