This GATA article is a remarkable summary of the madness that has resulted from bankers going berserk in their greed and need for power and control: Goldman can “print money” faster than the European Central Bank – by using credit default swaps. These were invented by J.P.Morgan in the early 1990s. So governments are not [...]
Filed under: Banks, Central Banks, Economics, European Central Bank, GDP, Government budgets, Government debt, Monetary inflation, Money as Debt | Tagged: credit default swap, Goldman | Leave a Comment »
