Summary
Hello and welcome to Edition 16 of the Boom Bust Bulletin. This month we welcome a special guest editor; Akhil Patel. I cannot think of a more credentialed writer on this months subject. Its time to lay some well trodden myths about money creation and the banking system to rest. Particularly now as the 2nd more speculative half of the 18.6-year Real Estate Cycle is about to go into overd…
Key Claims
- (Claims to be extracted on detailed review)
Notable Quotes
“INSIDE • The Secret Life of Banks • Banks create money • Is gold any more “real” money than paper?”
”• Why debts spiral out of “control” • Focus on this for your investments Remember, you can always contact me via my email address darren@ propertysharemarketeconomics.com with your questions, queries, and feedback.”
“2 © Property Share Market Economics THE SECRET LIFE OF BANKS I have often said that there are two things you need to properly understand what is going on in the economy.”
“Why land is fundamental to the economy and why, in our current system, it ends up becoming the ultimate speculative asset.”