Summary: The 2008 Financial Crisis demonstrated that the global economy depends upon world governments propping up the banking system with “mythical money” (dollars by fiat) and turning a blind eye to unimaginable bailouts when bank speculation drives the system over the cliff. What did the 2008 bailout really cost the taxpayers? Is it possible to fix the system? Or do we have to live with banks who continue to have a license to make billions of dollars with no consequences when things run amuck?
The issue of government bailouts of financial institutions in 2008 continues to be hotly debated I’ve … Read More