Behind all the "smoke and mirrors" type terms such as
"derivatives," "hedge funds", "financial instruments," and so on, the
really potent and fundamental weapon of financial mass destruction is:
"misused leverage".
Contrary to what a great many people have very
skilfully been hoodwinked into believing, "money" is not a commodity in
limited supply: not by any stretch of the imagination; and, as is clearly
indicated by all the soothing talk we are at present hearing of "billions
for banking bailouts" here, there and everywhere all over the world -- and
all from NOWHERE apparently!!
"By its own brand of money magic, the
bank has created $90,000 out of thin air."
For a simple and
straightforward explanation of how such "magic" is performed (by the
bankers), please see the Ezine article by Dr Kalinda Rose Stevenson
(Adjunct Professor and Lecturer at various schools of the Graduate
Theological Union in Berkeley, California) at: http://ezinearticles.com/?How-Banks-Create-Money-Out-Of-Thin-Air&id=921796
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Sunday March 01, 2009 21:22
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Jump To Comment: 2 1Behind all the "smoke and mirrors" type terms such as "derivatives," "hedge funds", "financial instruments," and so on, the really potent and fundamental weapon of financial mass destruction is: "misused leverage".
Contrary to what a great many people have very skilfully been hoodwinked into believing, "money" is not a commodity in limited supply: not by any stretch of the imagination; and, as is clearly indicated by all the soothing talk we are at present hearing of "billions for banking bailouts" here, there and everywhere all over the world -- and all from NOWHERE apparently!!
"By its own brand of money magic, the bank has created $90,000 out of thin air."
For a simple and straightforward explanation of how such "magic" is performed (by the bankers), please see the Ezine article by Dr Kalinda Rose Stevenson (Adjunct Professor and Lecturer at various schools of the Graduate Theological Union in Berkeley, California) at:
http://ezinearticles.com/?How-Banks-Create-Money-Out-Of-Thin-Air&id=921796
Close acquaintance - member of TUI - was never sent a ballot sheet this week. Others in similar position?