MUST READ: Adrian Salbuchi explains how our financial system works

[redrum]

For those interested enough to take the time, this is a great, in-depth explanation by Argentine economist Adrian Salbuchi about the Money Masters behind the global financial crisis.

http://www.asalbuchi.com.ar/2011/09/the-money-masters-behind-the-global-debt-crisis/

The Money Masters: Behind the Global Debt Crisis

By Adrian Salbuchi

Global Research, September 26, 2011
In the US, we see untold millions suffering from the impact of mass foreclosures and unemployment; in Greece, Spain, Portugal, Ireland, and Italy, stringent austerity measures are imposed upon the whole population; all coupled with major banking collapses in Iceland, the UK and the US, and indecent bail-outs of “too-big-to-fail” bankers (Newspeak for too powerful to fail).

No doubt, the bulk of the responsibility for these debacles falls squarely on the shoulders of caretaker governments in these countries that are subordinated to Money Power interests and objectives. In country after country, that comes together with embedded corruption, particularly evident today in the UK, Italy and the US....

 

[ghost]

Well, I read it but frankly it's kind of grade school stuff and his sensationalist choice of wording is not at all academic. Anyone really interested could have read "The Creature from Jekyll Island" 10 years ago [or more] and gotten a first hand preview of what Salbuchi must have read but didn't quite comprehend. IMHO

 

[steveinbsas]

The bad punctuation in the first paragraph (actually one "run on " sentence) sets the tone.

Of course governments are responsible for the crisis. Free markets don't create these problems.

Unfortunately, I don't think the author was trying to make that point.

Perhaps I'm the only expat (besides Perry) in Argentina who thinks that owning land with the ability to produce food is a good idea.

I'd love to know if anyone else shares this view.

 

[Crema Americana]

Perhaps I'm the only expat (besides Perry) in Argentina who thinks that owning land with the ability to produce food is a good idea.

I'd love to know if anyone else shares this view.

When times get tough that may be all you have.

As for "Money Masters"... it's corrupt governments that sell out their people either to corporations or to other governments. The biggest threat is not from outside forces, but from traitors within.

 

[kurtdillard]

...Of course governments are responsible for the crisis. Free markets don't create these problems.

I agree with you about owning workable land, but your comment about governments creating the economic crisis is wacked. The lack of regulation and oversite allowed the real estate and other speculative bubbles to grow out of control and allowed the banks and investment houses to create incredibly risky investment vehicles which were then misgraded by the ratings agencies. All that misbehavior was the free market in action.

 

[ghost]

The bad punctuation in the first paragraph (actually one "run on " sentence) sets the tone.

Of course governments are responsible for the crisis. Free markets don't create these problems.

Unfortunately, I don't think the author was trying to make that point.

Perhaps I'm the only expat (besides Perry) in Argentina who thinks that owning land with the ability to produce food is a good idea.

I'd love to know if anyone else shares this view.

It's not only a good idea but it's so foreign that most of the kiddies on this forum wouldn't have a clue as to how it gets done. "gee man does the ATM in your garden produce hundreds in USDs" or even better "can I give birth to my tomatoes under water?" LMAO