Adrian Salbuchi, Argentine economist, Explains the global financial meltdown
Adrian Salbuchi, Argentine economist, Explains the global financial meltdown
good viewing and a pretty good explanation for exactly what we're seeing play out in front of our eyes, offered by someone who's lived through it himself during argentina's economic collapse in 2001...An Argentine opinion on the Global Financial Crisis, describing the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model. The four sides are: (1) Artificially control the supply of public State-issued Currency, (2) Artificially impose Banking Money as the primary source of funding in the economy, (3) Promote doing everything by Debt and (4) Erect complex channels that allow privatizing profits when the Model is in expansion mode and socialize losses when the model goes into contraction mode.
