meant say fractional reserve banking.
Worry is this genuine issue why we in mess. He talks methods to avert last crisis just delayed it to another day.
Problem is how we to get out it world always been a boom or bust its how banking system lives. Even he dont call for the end of fractional reserve banking himself as its stimulates economy. So effect its false economy we lived in this bubble. Banks become too greedy took on too much debt.
Cameron wants more debt to stimulate growth and spending as he wants BOE to lend more. Now what reading see why they reluctant. However how do we turn around economy without creating debt.
Now the system allows growth and economies to blossom but have they gone too far.
He talks that they should not quantative Ease as this makes things worse by delution or what he calls elasticity of money. When wrote about spain impending move of 1 trillion euros.
Why if he is correct are those who can effect change listening or is it something beyond repair.
He just posted new article starting to think he very astute.
He talks why he not put solutions to problem as poster replied to his articles.
http://papermoneycollapse.com/2012/0...ney-and-state/
Although my worries deregulation he talks to me is just as dangerous. Whole reason why regulation brought in was bankers notorous capitalists. Anybody who saw the vid on banking system on uk back in recession. That vid shows we should be very sceptical to deregulation of banks.
Basically both are as bad each other either polititians or bankers. That vid the cynic in me this the bankers goal all along.
http://www.cableforum.co.uk/board/35419293-post54.html
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I always wondered if change of currency would be only solution.
What impact did we see when we moved from old currency to what we have today. I was far too young to understand its effect only those old enough understand it would know.