#steemleo #dtube
Today, after a quick rundown of the markets in London I look briefly into how the Central Banking/Fiat Currency model actually goes a long way to eliminating investors and market participants sense of risk and danger. One of the main excuses for the creation of government created Central Banking monopolies is that they will be a lender of last resort. My argument is that this function of being a lender of last resort actually increases irresponsibility and rampant speculation in the financial sector.
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lovely video...
Posted via Steemleo
I've just finished "The Mystery of Banking" by Murray Rothbird. By this book,I could get a new recognition about the relation between commercial banks and central banks , thus I could understand the recent Repo-Crisis deeper than before.