by Summary:
Speculative Lending Fueled Economic Crises.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Speculative Lending Fueled Economic Crises.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
| Speculative Lending Fueled Economic Crises. |
In that era a small business loan from the CTB was backed by government legislation, until it was privatised and the exchange rate sent interest rates through the stratosphere.
This is not speculation, it's the obvious example of Control Fraud, and the same mechanism is still making the same returns on social destruction of trust in government today.
One true voice on Debt
Casino banks were talked about during banking crisis. Nothing was really done to change it
Logic Steve, Logic. If those companies needed banks there’d be a motivation. Companies like GE are their own financial institutions. Apple alone sits on billions. Most of your complaints about what banks don’t do anymore arise from other actors replacing those functions. And banks make mucho money through mechanisms created in the mid 90s.