tag:blogger.com,1999:blog-8817171247555815363.post3125072492580580115..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 17/4/2013: IMF's succinct summary of Irish banking messTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-42052095667782694092013-04-17T15:16:24.665+01:002013-04-17T15:16:24.665+01:00The UK & US banks look better because their ba...The UK & US banks look better because their base of operations is in trade deficit (i.e.they get free goods to burn)<br />Ireland Greece & others are being pushed into extreme real goods surplus to sustain this arrangement.<br /><br />What do banks do when they create a deposit ?<br />They create a asset , in neo liberal lala land much of this is a car or house.<br /><br />This action destroys the core energy capital base.<br />The Dork of Corkhttps://www.blogger.com/profile/01118115538944689118noreply@blogger.com