17 Apr 2017

Steve Keen: “Can We Avoid Another Financial Crisis?”

The Short Answer Is 'No'
By : Economic theory is like a layer cake: Explanations within one layer make sense, but once you move to another layer, they no longer apply. Economist Steve Keen‘s new book “Can We Avoid Another Financial Crisis?” is an illustrative example. 
The good news is that Keen accurately describes the current economic system; the bad news is that the answer to the question in the title is “no.” (And, despite what I believe is his accurate overall assessment, he misses, or skips over, a few key, hidden elements of economic theory.)
Keen defines his question within the layer of a corrupt banking system, the system we have now. He explains how it is that banks create money in the form of debt, and how this leads to financial instability. In the book he quotes the Bank of England’s own economists:
“In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”

What Do They Want? Antifa And The Battle For Berkeley

This Antifa gang are an odd bunch. Does anyone really know what they want? Regards, Bearing.

4-D Chess - William Banzai7

Why Can't Anyone Stop Israel ?

"Ever wonder why Israel gets away with murder? I mean literally! Whether it's burning babies in the occupied West Bank or shooting Palestinian teens, Israel's crimes go unpunished. Why? It's because international Jewry gives to Israel what no other country has, unchecked criminality!" Said Ex Jew Nathanael.

Libya Love Bombs Create Thriving Slave Market

"Thanks Obama. ...Libya was certainly not the hell hole it is now."

Fake News And Sore Losers

Feminism LOL: Jesse Brown lies again! Also, SJW prof from UBC admits he screwed up.

Film Director Tom Hayes On Palestine

"One day I put two and two together. ...This is a world issue. ...The grandeur of the fraud is magnificent!" Said Tom Hayes.

U.S., British And Israeli Mossad Backed Mercenaries Promised To Bomb Buses Evacuating Shi'ite Civilians

SyrianGirl: This video is uploaded for the purpose of documenting war crimes and not for the sake of showing violence. These images of war receive no coverage by the lame-stream media [BBC, Sky, Reuters, etc.].

"Easter Day Slaughter"

Manhunt For Active US Shooter Who Killed Man Live On Facebook, Reportedly Already Murdered 15
By Tyler Durden: The Cleveland Police is looking for an active shooter, identified as 37-year-old Steve Stephens, who has broadcast a murder live on Facebook. According to Fox 8, he has claimed to have killed other people and says he is looking for more victims. 
The murder happened on East 93rd in Cleveland. Police said the shooter broadcasted the deadly shooting live on his social media page and claimed to have committed other homicides. Police are still investigating those claims.
A series of posts Sunday on what authorities said was Stephens' Facebook page complained that he had "lost everything" to gambling. The posts named specific people whom the user wanted to talk to, and at one point he wrote "I killed 12 people today" and wouldn't stop until he could speak to his mother and a second woman.
Later, the user posted: "I killed 15 today because of [the second woman]." The user called it his "Easter day slaughter"