“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”John Maynard Keynes
24 October 2014
The Reason There Has Been No Sustainable Recovery
How can an economy based on printing money and financial repression for a broken financial system achieve self-sustaining organic growth?
Where is the growth in aggregate demand fueled by a growth in employment and an increase in median wages?
Is the great mass of the public thriving, or barely surviving?
Why do we insist on blaming and denigrating the victims of a massive and ongoing financial fraud that after six years is still largely intact?
There is only one thesis that needs to be nailed to this door...
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.