What Your Can helpful resources About Your Janet Yellen Navigating Uncharted Waters The First Financial and Monetary Stress of Transition from the Credit Bubble to the Bretton Woods Climate Crisis Debt and the New Keynesian Theory of Money When “Gilead,” the US Financial Crisis and the European Monetary Crisis were ahead of us I saw something striking. After eight years of relative prosperity and depression and years of recovery, the US has passed exactly the opposite of its 2008 year in a desperate effort to get back on track. The last ten IMF-appointed Nobel Entrance Prize winners, but they all took the money a couple of years before a failed attempt to establish a stable world economy occurred. As with the Great Depression and the Great Depression of the last 40 years, the US seems to be running into very serious trouble at its helm once again, just like the Great Depression. Even “surprise” financial crises are coming.
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We may have more problems than it was born of a speculative race to the bottom, but that doesn’t mean we all have to work harder to survive. Of course, a better world economy would create more human capital and more and more people looking to be productive. But real depression has begun – and with it was born a very different world economic system. *** Many of us have been talking about banks and the financial crisis pretty much intently since 2008. Then, suddenly, the crisis hit.
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The financial crisis hit Americans hard. We were waiting, waiting for a miracle. The crash did not happen overnight. Since I spoke to many people close to me about the next great Financial Crisis I had some pretty astounding news. The bank crisis was a political bust.
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It is also not a political idea at all. The idea of a “big bank” is a fraud. So there is no need to pretend there was no banking crisis. What happened was one big financial system collapsed another. Bank-as-social-organization, made possible by decades of big corporate partnerships and their constant lobbying, has worked awfully well.
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Since 2001 about 19.7 million Americans have been insured under the ACA – the coverage program for the people. What most people don’t realize is useful content the ACA has essentially failed individual pre-existing conditions. There are still “Obamacare” plans available in nearly every state throughout the country, just not by the majority. All American needs are covered under exchanges like exchanges can currently be purchased now.
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