FINANCIAL HOSTAGE PREDATORY BANKING SYSTEM
Posted: Sun Sep 28, 2008 3:11 pm
FINANCIAL HOSTAGE of PREDATORY BANKING SYSTEM
Dose of Socialism to Forestall Disaster
By John Case
Clip))
Bernake and Paulson have clearly been reading Hyman Minsky and and Charles Kindleberger – latter day closet Marxians and "long wavers" – and they GET IT: When markets fail, the chaos that follows is NOT self-correcting, and governments MUST act. This is a profound fact that neo-classical economic training – which pays virtually no attention to history – tends to ignore; thus many, but fortunately not all, economists simply cannot believe the scale of the dangers at hand, nor do they have the intellectual or scientific tools to evaluate them. I do not argue that mathematical models are not important, even mandatory in developing economic and social policy. But seeing the big picture requires careful attention to economic history, which gives abundant evidence that raw capitalism is NOT a stable system.
http://www.politicalaffairs.net/article ... view/7427/
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He said, “So far, the only solution being talked about is more of the same failed monetary policies that got us into this mess in the first place—more fake money, more debt, more usury. It is time to demand a return to sound money.”
http://www.newswithviews.com/Kincaid/cliff255.htm
Dose of Socialism to Forestall Disaster
By John Case
Clip))
Bernake and Paulson have clearly been reading Hyman Minsky and and Charles Kindleberger – latter day closet Marxians and "long wavers" – and they GET IT: When markets fail, the chaos that follows is NOT self-correcting, and governments MUST act. This is a profound fact that neo-classical economic training – which pays virtually no attention to history – tends to ignore; thus many, but fortunately not all, economists simply cannot believe the scale of the dangers at hand, nor do they have the intellectual or scientific tools to evaluate them. I do not argue that mathematical models are not important, even mandatory in developing economic and social policy. But seeing the big picture requires careful attention to economic history, which gives abundant evidence that raw capitalism is NOT a stable system.
http://www.politicalaffairs.net/article ... view/7427/
##################################################################################
He said, “So far, the only solution being talked about is more of the same failed monetary policies that got us into this mess in the first place—more fake money, more debt, more usury. It is time to demand a return to sound money.”
http://www.newswithviews.com/Kincaid/cliff255.htm