This time I will write a short post about the current crisis of the financial system, and more precisley the monetary system. Infact the problems are already going on for a while and since more than a year now more and more bad news could be read in the newspapers. The capital system seems to be in a extraordanary crisis which effects almost everybody around the world. It began on the US real estate markets and hit banks and gouvernments all around the world and this year impacts hole states which forces taxpayers to bail them out, like in Greece.
But what are the underlaying causes of these processes and did it really pop up all of a sudden? Many people lost their savings for the retirement, their houses and lots of the money they worked for all life long. Many experts seem to be surprised about these hard changes and the newspapers normally do not talk about the causes or are talking about how to treat the symptoms, as well as most tv shows and politicians. But was it really such an suprise? Was no one able to see this coming? Professor Berd Senf tells a different story. He studied economics and was teacher at a university in Berlin just until last year. Let’s hear what he has to say about his views of the monetary system and the deep causes of the crisis which was inevitably, he says.
I also promise that I will never again try to write an article in english but still hope you did understand what I’m talking about. This interview from late 2008 talks in detail about the monetary system and its implemented problems. It is woth taking the time and see how Prof. Senf elaborates on this.
Diesen Artikel auf Deutsch lesen.
{ 2 trackbacks }