Mois : décembre 2014

Música New Age, 104.56 min, uploaded by Camino al Despertar, August 30, 2014.

Sorry, I have still not my own Internet-access!

Vangeli’s YouTube Mix … in autoplay, uploaded by Oneil1969, Jan 22, 2008 … wish you have a good time.

Thomaschi’s YouTube Mix, Rock & Soul Music, live at Woodstock HD … in autoplay, uploaded by Thomasci, Oct 23, 2011 … I whish you a peaceful Christmas eve.

Das große Fest der Besten (the best) 191.52 min, von MusicZentrale am 22. Januar 2014 hochgeladen … relax, while I resolve computer problems.

Published on Real-World Economics Review Blog, by Editor, Dec 20, 2014.

Let’s assume that there is a financial oligarchy which exerts strong political influence due to the vast amounts of money it controls. Let’s further assume that this financial oligarchy has succeeded in having financial markets deregulated and that this has enabled the financial industry to expand their business massively. Then, in some near or far future, their artfully constructed financial edifice breaks down, because it cannot be hidden any more that the accumulated claims cannot be serviced by the real economy. That might be due, for example, to millions of people having bought overly expensive houses on credit without having the income necessary to service this debt. This is the kind of situation we are interested in … // Continuer la lecture de « Maintaining the supremacy of the financial oligarchy »