fix articles 500405, by thomas konicz Los Angeles Indymedia : tag : by thomas konicz

by thomas konicz

Collapsing Debt Towers (tags)

The crisis is 30 years old, not three years old. The causes of the crisis should be tracked down in the real goods-producing economy, not in the financial markets. The financial markets were keep alive up to the collapse of the speculative bubble by credit-financed demand.

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