Debt deflation-On the Edge with Max Keiser-07-08-2011
Debt deflation-On the Edge with Max Keiser-07-08-2011 Investment Postcards … Show more Top Comments @studioXforum this has nothing to do with capitalism. If it was capitalism, banks WOULD go bankrupt… ptknight 1 month ago 15 @harveybirdmannequin Though historical Christian aversion towards usury did lead to the outsourcing of banking to Jews in Europe (Niall Ferguson touches on [...]
Should we be bracing for an inevitable housing bubble bust?
http://theconversation.edu.au/should-we-be-bracing-for-an-inevitable-housing-bubble-bust-2588 By now it should be obvious to anybody who is not a banker or a real estate agent that Australia is in the grip of a substantial housing bubble. The greatest housing-price rise in the history of Australian residential property represents an inflated bubble – one that is ready to burst. Perhaps unsurprisingly, [...]
Imagine a tax system that penalised work
http://www.theage.com.au/business/imagine-a-tax-system-that-penalised-work-20110329-1ceqb.html March 30, 2011 Illustration: John Spooner IMAGINE that you have just become treasurer or finance minister in the government of a newly independent nation. Imagine also that, for some reason, you wanted to create a tax system that encouraged the accumulation of wealth through borrowing and speculating, as opposed to working and saving. So [...]