The Money Crisis
Posted: Sat Aug 12, 2017 15:51
->http://www.dw.com/en/10-years-on-what-m ... a-40058311
Ponzi schemes always turn bad and collapse in the end. That's nothing new under the sun; what is new is that it gets increasingly socially acceptable to name it. To a good measure this is due to the effort made by people who aim to create awareness about it; many of them being fairly wealthy, i.e. some of those rich and super rich who we like to blame for it....
No.
Not 'The Others' are the culprit; it's You and me and The Others.
Surely an honest discussion about a fair and sustainable monetary system is urgently in order but in the long run we have to understand that we cannot cure drug addiction by rectifying the drug's price and quality.
Just how much power has money?
As much as we attribute to it.
Massive money printing to restart the global economy after the financial crisis has blown an even bigger bubble. Ten years after the last crash, are we due another one and will it be worse?.............
........
Formed in 2010, Positive Money is fighting for reforms to fractional reserve banking - where lenders only have to hold a fraction of the money they lend to cover liabilities - which it says has led to the current weaknesses in the financial system.
Ponzi schemes always turn bad and collapse in the end. That's nothing new under the sun; what is new is that it gets increasingly socially acceptable to name it. To a good measure this is due to the effort made by people who aim to create awareness about it; many of them being fairly wealthy, i.e. some of those rich and super rich who we like to blame for it....
No.
Not 'The Others' are the culprit; it's You and me and The Others.
Surely an honest discussion about a fair and sustainable monetary system is urgently in order but in the long run we have to understand that we cannot cure drug addiction by rectifying the drug's price and quality.
Just how much power has money?
As much as we attribute to it.
