“We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic...
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Interview with Russian Prime Minister Vladimir Putin In an interview with the Japanese media, Prime Minister Vladimir Putin commented on NATO’s war games in Georgia, situation in troubled Afghanistan, North Korean nuclear ambitions and other international thorny issues. Interview of Vladimir Putin, Prime Minister of Russia, with the Japanese information agency Kiodo Cusin, TV...
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(One of our objectives is to help non-specialist readers understand what they are reading in the news. Read Financial Crisis for Beginners.) The most common point of comparison for our current economic crisis is, far and away, the Great Depression. The Depression is most often bracketed with some version of the phrase, “but we’re...
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