Friday, December 6, 2013

The thing that banks fear

Here is one of the best articles I have seen in  very long time: it provides some insights into why the banks have become so powerful in the modern world and why they might not be so in future.
Go here on the ABC site for Alan Kohler's excellent article.
I am definitely not directly involved in big finance or the stock market - but I am always interested in the gigs on there since ultimately it will affect us all since we almost cannot avoid using banks.
I considerd buying bitcoin as a reserve but it relaly looks like a bubble at the mooment and besides, even if you bought it when it was cheap and it has now risen in value many times,  you stil need to convert it back into your local currency to use it again  . . . . and hang on, isn't that exactly the type of behaviour which led us all into this mess in the first place?

For a more entertaining take on the money madness mess, yo ucan always go to YouTube and search for Max Keiser's The Keiser Report.

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