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brookings

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Jan. 31st, 2013|04:01 pm

brookings
Yeah, I don't want to say the EU is all bad. However, I think policy is being manipulated to be in the interests of banks/bondholders - this together with central bank largesse to the private bank sector just results in free money for the few to speculate at workers'/savers' expense.

I would love to see a banking system that could only lend money that they actually have to lend in the first place. I would also love to see sovereign states free to release and regulate debt free money into the system, rather than rely on a parasite class to buy up treasury paper - a fantasy, I know, but one that stands a chance out of a federal state run for the interests of that parasite class.
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