Dominic O'Brien

This is taken from a comment on one of my earlier posts "A Word on Finance" (https://listed.to/@understandings/11377/the-error-behind-financial-crisis) to which I wrote a long reply and which I felt warranted its own post. If you haven’t read it you should do so first otherwise this will make little sense. The solution stated in that post is a solution that is fixing one point and one point only: Only the biggest departure from what would otherwise be an ideal situation. It does not create a co...

Well, good question. In September I wrote an article on the solution to the international financial crisis "A Word on Finance" (https://listed.to/@understandings/11377/the-error-behind-financial-crisis) and while the article was well received, I have been getting many questions on a specific point: Where does the money of a loan really come from? Readers seem to not get that point fully. Let me lay it out here, one more time, really clearly: When you get approved for a loan by a commercial ban...

I was asked to write down my ideas as to why the global economy is on a downtrend and exponential indebtedness downwards spiral and what can be done about it. In it, you find the major single reason for the decline of the global economy and unprecedented and exponential indebtedness of individuals and nations. If you inspect the figures it is hard to debate that something is not right. Political parties and interest groups are debating at length the reasons and solutions. The problem and its s...