Wow, 3.5 hours. Might take me some time to get back to you :)
I quickly scanned through and noticed this is from the mid-90s. It goes to show how long it can take before bubbles burst. We may have a few more years to go here in Australia, as the RBA's cash rate is 1.5%, and can still go a lot lower.
It is fiscally/ physically impossible to pay back interest on money when only the capital exists.
The central bank creates principle out of air and loans it at interest guaranteeing that somebody is going bankrupt because the only way to pay back that interest is to force other loans into default.
A depression resets the books and we are off on the next round of the oligarchs' 'business cycle'.
Wow, 3.5 hours. Might take me some time to get back to you :)
I quickly scanned through and noticed this is from the mid-90s. It goes to show how long it can take before bubbles burst. We may have a few more years to go here in Australia, as the RBA's cash rate is 1.5%, and can still go a lot lower.
It is fiscally/ physically impossible to pay back interest on money when only the capital exists.
The central bank creates principle out of air and loans it at interest guaranteeing that somebody is going bankrupt because the only way to pay back that interest is to force other loans into default.
A depression resets the books and we are off on the next round of the oligarchs' 'business cycle'.