AS IT AFFECTS THE GLOBAL FINANCIAL STRUCTURE OF COUNTRIES
WE
acknowledges that the growth in private debt boosts aggregate demand. When a bank lends money, it creates spending power by creating a deposit at the same time. This additional money adds to spending power of the borrower, without reducing the spending power of savers.http://www.debtdeflation.com/blogs/ALSO
This week Max Keiser and co-host Stacy Herbert discuss stiffing the dead in Illinois and reviving the carry trade in Iceland. In the second half of the show, Max talks to Mike Maloney of GoldSilver.com about how high gold would have to go to account for all the money printed since Bernanke took over the Fed.
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