Das Kapital ist kaput
Posted by Ivo Cerckel on July 13th, 2009
From The Times July 13, 2009
Boosting bank capital is not enough to avert crises
by Anatole Kaletsky
http://business.timesonline.co.uk/tol/business/columnists/article6695317.ece
HAVE YOUR SAY
What capital?
There is no currency to denominate capital in.
There is only paper-sterling and paper-euro.
Repeal central banking
so that Gresham’s law (bad money runs out good money) cannot come into play.
Ivo Cerckel, Siquijor, Philippines
No apology to, but revenge against, Karl Marx …
ivocerckel@siquijor.ws
http://twitter.com/ivocerckel
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