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Are Central Banks Preparing for a Global Banking Crisis? - Jack Rasmus

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B. Ross Ashley
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Nearly four years after the 2008 banking crash, and more than $11 trillion in liquidity injections in the US and Eurozone-UK-Japan, the global banking system is again showing clear signs of growing unstable. Notwithstanding several rounds of bank "stress tests' on both sides of the Atlantic since 2009, what has been improperly identified as a sovereign debt crisis in Europe is revealing itself with each passing week, as a more fundamental banking crisis as well.
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Born in the USA, living in Canada since 1968, I'm a Vietnam war resister, a revolutionary democratic socialist partisan of the Fourth International reproclaimed in 1993, a member of Canada's New Democratic Party, on the executive committee of (more...)
 

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