Entrevista Exclusiva de TRNN con el Alcalde Robin Hood de España

MORE MUST READ on SPAIN and other topics

Part 2 and 3 of the blog post from GOLEM XIV on Spain

Spain’s BALLS – Part two – Asset, losses and Lies. | Golem XIV - Thoughts 
"I set out what a Bad Bank actually is and how I think it will be used largely to the detriment of the Spanish people.."

Spain’s BALLS. Part Three. A right load of… | Golem XIV - Thoughts
On the forced firesale of PUBLIC assets (Not BANKS assets) as the ultimate purpose  ..


On other (but not unrelated) topics

 Testosterone Pit - Home - The “Pauperization of Europe”

“Trans-Pacific Partnership” is Washington Speak for Corruption and Theft | Op-Eds & Columns 

Poverty: The New Growth Industry in America | Op-Eds & Columns
In spanish
Dean Baker: Pobreza: La nueva industria del crecimiento en Estados Unidos 


 

Must Read: Golem XIV on Lies And Spanish Banks

Yet another insightful blog post from GOLEM XIV

Spain, Bad Banks, Assets, Losses and Lies | Golem XIV - Thoughts 

And it seems that this is only part1 since he concludes his post like this ....

'So that people don’t lose the will to live reading all this, I will break here and continue in a second part.'

Racines de la crise financière en 18 points – un résumé particulièrement clair et graphique - par Paul Grignon, l’excellent auteur de la trilogie ‘Money as Debt’

The Banking System, Itself, is the ROOT CAUSE of Money System Instability

http://www.moneyasdebt.net/

Paul Grignon

1.The interest was not created

2. All the money in the world

3. Shortage of principal?

4. Non-payment is a primary cause of instability

5. Morality is not the issue here - the design is

6. "same money lent twice" (diagrammed explanation)

7. Compound interest is also "same money lent twice"

8. All debt-principal is lent twice

9. Banks create money vs. Banks lend depositors' money

10. What is the final situation here?

11. Is this an actual shortage that de-stabilizes the system?

12. Growth to infinity is advertised

13. 100% shortage of principal

14. Inherent growth imperative

15. Are all deposits available to be earned by borrowers?

16. Simple interest paid n times is unbounded if n is unbounded

17. Banks can create money to buy anything!

18. Conclusions