Ending Today's Economic Crisis Simply and Easily, in America and Globally

Stephen Lendman

May 27, 2009

Some of the best ideas are often the simplest. When applied to the global economic crisis, the solution is easier than imagined. What's hard, in fact a Gordian Knot, is the political will to embrace it. But even matters that great can be solved by a bold stoke, and according to legend, Alexander the Great's "Alexandrian solution" was achieved with one stroke of his sword, cutting the Knot in half. Applied to the global economic crisis, it means addressing it with effective policies, not ones wrecking America and other troubled nations worldwide.

Economist Michael Hudson explains that "debt leveraging is what caused our economic collapse," so piling on more ("The Recovery Plan from Hell" he calls it) makes things worse, especially the way it's done:

Lees verder bij Uruknet

Kucinich: Federal Reserve moet onder democratische controle

Fooled by globalization

A sobering discussion on the nature of the current economic crisis and why this one may be very different from ones in the past.

The problem: globalization adds exponentially to the complexity of potential outcomes, but the banking system is not designed to absorb the kind of rapid and massive changes globalization makes possible.

These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time. Brasscheck TV

Geen kaas gegeten van de parasitaire aard van het bankstelsel

Trouw heeft geen kaas gegeten van het bankstelsel. Het begrijpt niet waar geld vandaan komt, wat inflatie is, wat rente is, wie hoe hoeveel geld creëert. Als Trouw daar wel verstand van had, hadden we er toch wat over moeten kunnen lezen in de krant. Het bankstelsel, dat zich bedient van twee perfide fenomenen, rente en het scheppen van geld als schuld (uit lucht), is fundamenteel parasitair.

Wat vooraf ging