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The Cancer Of Bankers
Tuesday, February 28, 2017 21:34
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by Rudo de Ruijter
In The Magic Of Bankers you have been able to read how bankers create balances for loans with a simple line of bookkeeping. There is no money involved. The money for the balances doesn’t even exist. This extremely lucrative trick incites the bankers to supply as many loans as possible, but there is more. There are specific growth impulses which makes it impossible to stop the growth of the outstanding loans. Not even with regulations. This has tremendous consequences for our society.
Source: http://econintersect.com/pages/opinion/opinion.php?post=201702282153
