Debt & Financial Instability (2 of 3)
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@SatchmoSings
Blocked for unprovoked rudeness. Mr.1001nights should do the same to you Mr. hotshot.
canaan1967 1 year ago
@SatchmoSings
What I mean by officialdom is the Corporate State, the Corporate Courts, the Corporate Congress, Corporte Intellegence and the Corporate Military.
There is a fine distinction between the State and Government (regulation). I'm not a flippin economist. NO economist is, even Steve Keen is being up front until he declares that there is NO free market and that the entire affair was another conspiracy to further consolidate wealth into higher and tighter hands.
canaan1967 1 year ago
canaan1967--
Steven Keen doesn't talk so fast as much as what your call your, uh, "mind" is so slow.
And to show even more what an utter dunce and illiterate you are, this stuff has been published AD NAUSEUM on line for the last few years.
SatchmoSings 1 year ago
canaan1967--
The market has become "rigged" because all the regulatory reforms of "The New Deal" have been abandoned so your supposition is essentially one of total, way, way-out lunacy.
SatchmoSings 1 year ago
I meant Crude OIl
canaan1967 1 year ago
The US economy is manipulated by the Federal Reserve and the US treasury. Bernake did see it coming because it was planned. How can anyone try to explain the crisis without first admitting that there is no free market? It is rigged by officialdom. Interest rates, Crude Old, Gold and Unemployment rates are "managed" to produce a certain outcome.
canaan1967 1 year ago
I always love economists, they get behind a great economist and defend him to the death.
rring88 2 years ago
"loans create deposits, not the other way around"
jumpnjza2 2 years ago