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No Return to Normal - it's Payback Time | 51 comments (51 topical, editorial, 0 hidden)
Re: No Return to Normal - it's Payback Time (none / 0)
That table shows (and it is only dollar denominated debt) the cosmic scale - 150 trillion dollars - in which interest-bearing credit (aka money) was created by banks and and re-based on non-Bank/Investor capital -  the "off-balance sheet items" to which the table refers.
Do you have a link to the source of that table?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Sun Mar 22nd, 2009 at 06:16:29 PM EST

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No Return to Normal - it's Payback Time | 51 comments (51 topical, 0 editorial, 0 hidden)
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