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IPFS News Link • Russia

Putin Calls For A New System Guided By UN Charter... But Is It Possible?

• https://www.zerohedge.com by Matthew Ehret

This is not an opinion, but a fact. We are moving towards eight billion lives on this globe and the means of productive powers to sustain that growing population (at least in the west) has been permitted to decay terribly over the recent half century while monetary values have grown like a hyperinflationary cancer to unimaginable proportions. Derivatives speculation alone under the deregulated "too big to fail" banking system has resulted in over $1.5 quadrillion in nominal values which have ZERO connection to the real world (GDP globally barely accounts for $80 trillion). Over the past 5 months $415 billion of QE bailouts have been released into the bankrupt banks to prevent a collapse. So, economically it's foundation of sand.


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