Former ECB board member calls world financial system 'pure fiction'

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Published : May 27th, 2014
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Former Bundesbank vice president and former European Central Bank board member Jurgen Stark told a conference held by the Ludwig von Mises Institute in Munich this month that the entire world financial system is "pure fiction" and vulnerable to collapse, built on the premise of infinite money created by central banks without regard to the goods and services available.

An account of Start's remarks is provided by the Spanish financial news Internet site Oro Y Finanzes and it's easily understood when opened by a Google Chrome browser and run through Google Translator:

http://www.oroyfinanzas.com/2014/05/antiguo-e...bce-advierte...

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