On the topic of Central Banking…
Take a look at that video…is it really «food for thinking».
money. economics
THE GLOBAL FINANCIAL CRISIS: THE DEATH OF CAPITALISM (III)
Summarizing, until now we know that: 1.- The «ninja» mortgages were producing that the banks around the world were full of garbage and untrust, and every one of use was paying more money every month in the mortgage bill. But the next question is: How has affected that to the real economy?…In Finland is not …
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THE GLOBAL FINANCIAL CRISIS: THE DEATH OF CAPITALISM (II)
What has happened, as a phenomena, provoking the crisis??… Let’ s try to describe the first part of it, following the excellent summary of the Spanish Professor of Madrid IESE, Mr. Leopoldo Abadia (http://www.leopoldoabadia.com). The title would be something like: THE INTERESTING STORY OF THE MORTGAGE BUSINESS AND ITS UNEXPECTED CONSEQUENCES!!! THE «NINJA» CRISIS!!! All …
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THE GLOBAL FINANCIAL CRISIS: THE DEATH OF CAPITALISM (II)
In Spain, and in most of the Western World, we have been enjoying a growing economic cycle since 14 years ago. We have been living reasonably well. During all these years, the houses prices have been increasing until unuexpected limits. We have taken debts in unthinkable amounts to be able to pay the houses, because the …
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THE GLOBAL FINANCIAL CRISIS: THE DEATH OF CAPITALISM (I)
The world scenario is changing. We are living a historical moment, that as in many other occasions, is not perceived in the very moment in which it is happening. Let’s try to take a look to the facts. What has happened in the last years?..apparently we had a good life. Our cash flows seemed to …
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