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Hidden financial system
I shall wear the creditors’ loathing with pride. ~~~ Yanis Varoufakis, Greece’s former finance minister
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The Biggest Secret About Banking Has Just Gone Mainstream

The Biggest Secret About Banking Has Just Gone Mainstream | Hidden financial system | Scoop.it

 

Specifically, the Financial Times’ Martin Wolf – one of the world’s most influential mainstream financial writers -  says that, since banks create money out of thin air, they should be stripped of this power, and limited to normal depository functions.

 

Wolf indicates the centrality and importance of the issue with his subtitle:

 

The giant hole at the heart of our market economies needs to be plugged.

 

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The Confidential Memo at the Heart of the Global Financial Crisis

The Confidential Memo at the Heart of the Global Financial Crisis | Hidden financial system | Scoop.it

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

 

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

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