The Civilization of Wrong Money and the End of Our Future or the Future of Our End...

"Very few economists today seem to be able to read a balance sheet and even fewer understand the aggregate effects of meddling with accounting principles and interest rates. Unfortunately, this also holds for most people in official positions, those with the power to really influence the course of events. To handle the system-wide crisis of banks and major companies they propose many nearly desperate things, like consolidating balance sheets in various ways - mergers, acquisitions, takeovers and nationalization - and cutting interest rates down towards zero."

The above heading, though playing on the preceding one by Tom Greco, is my sole responsibility, quickly cooked as it was by me in this CB's notewok: It is not meant as a critique in the form of a parody of Tom's book or of the essay by Richard C. B. Johnsson I took the above quote from. It only expresses my own opinion and my clear aim, as I hope, to make you read both works and reflect on what presently seems to be the most pressing problem of this world. With the work of both of these authors and of the ones they refer to, you will gain knowledge that will place you miles ahead of those funny clowns of either sex steeped in their smiling egos (example Merkel, example Obama, not to forget Sarkozy) who cheerfully push us into the grave while, as a pulled forward funeral meal, feasting their summit parties...

Please read

The Global Financial Crisis 101

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