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sneezy67
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How Private Banks Create Bubbles — with the Help of Central Banks - Frank Shostak -

It appears that we as consumers pay a price for convenience. It is very difficult to haul 10 acres to market on your back or cart. Pieces of gold and silver exchange are better. Electronic transfers are ideal however the regulators of the checks and balances now need to be regulated both micro and macro. The economic hot air is blowing from all directions. Sustainment is on very thin ice.

Commented 1969 days ago

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Beginning of the headline :With meagre resources at his disposal, an individual is likely to allocate these resources (i.e., his wealth) towards essentials such as food, clothing and a roof over his head. He is unlikely to allocate his meagre wealth to less essential goods as far as life and wellbeing is concerned. His variety of consumer goods is likely to be very limited. As his real wealth begins to expand, the individual is likely to expand the variety of goods consumed, thereby raising his living standard. Instead of... Read More

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