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Calli
Drama Queen
Joined: 16 Nov 2006
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donthre
Assistant chief bovine bottom inspector
Joined: 24 Nov 2006
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 Posted: Sat Jul 19, 2008 12:29 pm Post subject: |
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| the second reviewer wrote: | ..........The economic theory she is propounding is similar to that more rigorously put forward by Michael Rowbotham, that fractional reserve banking involves banks creating money out of nothing, and that the money returns to banks as profit. It suffers of course from the same potential defects, for example, that inflation and default could potentially eat away all those profits.
Her book is far stronger when it leaves general theory and history, and gets on to the intricate details of the current crisis. The financial system is currently breaking down, with vast sums of essentially worthless money being pumped into the financial markets to desperately try to keep the major financial institutions afloat. It seems clear that this is a game that can't last much longer. She has plenty of well-informed insights in this area, at least as far as I've been able to check them......... |
typical woman - jumping on the bandwagon of the work & thought done by a bloke ......  - doesn't sound as though she has much "New" to say - does it ?
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Calli
Drama Queen
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| Posted: Sun Jul 20, 2008 2:26 pm Post subject: |
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but she says it so folk can understand without the show off fancy language 
Communication D3 Communication 
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donthre
Assistant chief bovine bottom inspector
Joined: 24 Nov 2006
Posts: 1954
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Location: Cambs/Northants
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| Posted: Sun Jul 20, 2008 5:30 pm Post subject: |
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| Calli wrote: | but she says it so folk can understand without the show off fancy language
Communication D3 Communication |
Have you read it then Calli ?  
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