Posts Tagged ‘gdp gearing’

Money and Debt : New Financial Architecture Required

Whenever you take out a loan the temptation is to imagine a big mountain of money in a secure vault somewhere.

Your friendly bank manager, a nice affable chap, is on hand doling out credit to any soul who can jump through his hoops.

This is miles, no decades, away from the truth. Here’s how debt works today ….

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