Re:In Greece, Property Is Debt
by wu-ikkyu on Wednesday November 02, 2016 @12:20PM
(#12856436)
The 2008 bailout and subsequent legislation[1] indicates it is the major-banks (i.e. JP Morgan, BOA) which have the leverage to create money at will over the central-banks (i.e. the Fed). Hence the term "Too Big to Fail" -- de facto SUs.
Doesn't the major-banks' sandbox extend across the world to any person or government who accepts the dollar?
Re:In Greece, Property Is Debt
by hx87 on Wednesday November 02, 2016 @01:31PM
(#12857268)
By "sandbox" I meant that the central banks dealt directly only with major banks, who benefit and profit from being at the top of the money-creation chain.
Doesn't the major-banks' sandbox extend across the world to any person or government who accepts the dollar?
[1]http://www.businessinsider.com/congressional-budget-makes-ro...