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Thread: money as debt

  1. #1

    Join Date
    Jan 2009
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  3. #2

    Join Date
    Feb 2009
    Location
    Pacific Northwest
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    Default Re: money as debt

    Nice vid tekno. Good beginning education. Do you every read Karl Denniger? He thinks US banks are leveraged as high as 40-50 to one vice 9 to 1. He also thinks euro banks are even worse 60-80 to 1.

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  5. #3

    Join Date
    Feb 2009
    Posts
    654

    Default Re: money as debt

    Great video! Especially since we went off the gold standard, money is just an idea that we've all agreed to believe in.

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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