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EU Parliament & How they Protect the Bankers

By admin / September 10, 2019

https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Bloom-UKIP-on-Banking.mp4   A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending. The US banks survived and have prospered BECAUSE […]