Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6604088153726820352
150 Years of Bank Credit Expansion Is Near Its End: The forthcoming credit crisis could repeat 1929-32:
#Economics #CentralBanks #Credit #Currencies #SystemicRisk #MonetaryCollapse #FinancialCrisis #Markets #Greed #Fear #Uncertainty #Risk
Mises Institute Speech by Alasdair Macleod:
Compare with #GeorgeSoros #Reflexivity #Cause #Effect:
https://lnkd.in/d25gT5H
and
#GeorgeSoros’ Theory of #Reflexivity in #Markets:
https://lnkd.in/dj5iUyU
Related #Princeton #Quant #Trading Presentation: Conference Sponsors: #GoldmanSachs #Citadel: #OpenSystemsFinance #ModelRiskArbitrage:
https://lnkd.in/dJ-Gnxx : ModelRiskArbitrage.com:
The cycle of economic activity is not a trade or business cycle, but a credit cycle. It is caused by fractional reserve banking and by banks loaning money into existence. The effect on business is then observed but is not the underlying cause.
Erroneously attributed to business, the origin of the boom and bust cycle is found in bank credit. Today, we face infinite monetary inflation as a final solution to 150 years of monetary failures. The coming systemic and monetary collapse will probably mark the end of cycles of bank credit expansion as we know it, and the final collapse of fiat currencies.
